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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:

111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly Feb 26, 2015

Show notes

In this episode of the BiggerPockets Podcast, we dig into a real estate niche that, until today, you’ve probably never considered. However, after listening to this entertaining and informative show with guest Jefferson Lilly, we think you’ll be a believer! Join us as we dive into the world of mobile home parks, and learn numerous reasons why a park might be a better investment than either single family or multifamily real estate.

Whether you’re looking for a great, low-barrier first time real estate niche to invest in, or you’re simply looking to expand your growing portfolio — don’t miss out on wealth of knowledge covered in this episode!

In This Episode We Cover:

How Jefferson got started with value investing
Why you should emulate Warren Buffet
How he began investing in mobile home parks
What you should know about the views on mobile homes in America
Insight on helping people move from one asset class to the next
The ins and outs of how investing in mobile home parks works
How Jefferson got a half million dollar line of credit
How he got a 50% increase in the affordable housing program
Discussions on income streams for mobile home parks
What you need to know about LLCs for mobile home investing
How to find value in a mobile home
A great explanation of “cap rate“
The essential duties of a park manager
How Jefferson raised funds for his investing
Why you should use outsourcing & streamlining to manage your business
And SO much more!

Links from the Show:

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
The Snowball: Warren Buffett and the Business of Life by Alice Schroeder

Tweetable Topics:

“A key point is the ability to think broadly and use OPM — other people’s money.” Share on Twitter
“It’s about helping people moving from one asset class to the next.” Share on Twitter

Connect with Jefferson

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110: Eliminating the Hassle Factor As a Landlord with Glenn McCrorey Feb 19, 2015

Show notes

Everyone knows rental properties can be a great way to build wealth — but they also generally come with significant hassle and stress. However, today on the BiggerPockets Podcast we sit down and talk with Glenn McCrorey, an investor who discovered a unique and powerful real estate niche that makes his landlording almost completely hassle-free!

Learn insight on renting to family and friends, tips on how NOT to waste your time worrying about your rentals, and ways to lessen the inconveniences that come with managing property. If you value your time but still want to invest in rentals — then don’t miss out on this unique episode!

In This Episode We Cover:

How Glenn got started on his first property
What you need to know about renting to family and friends
The ins and outs of special assessments
Insight on the condo experience
Reasons why Glenn and Brandon hold properties that aren’t earning
What the “hassle factor” is and how you can manage it
The secrets behind owning worry-free rentals
How to “live the dream” as a landlord
And SO much more!

Links from the Show:

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson
The Goal: A Process of Ongoing Improvement by Eliyahu M. Goldratt

Tweetable Topics:

“Even if you invest with creative measures, you should need to have some sort of reserve.” Share on Twitter

Connect with Glenn

Glenn’s BiggerPockets Profile

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109: You Will Get Sued. Here’s How To Survive with Attorney Scott Smith Feb 12, 2015

Show notes

No one wants to get sued, but if you plan to build a real estate empire, the question is not so much “if” but “when.” However, we here at BiggerPockets have your back, so today we are bringing on Scott Smith, an incredibly smart and funny asset protection attorney from the great state of Texas! Scott shares with us a variety of tools and tactics you can use in your real estate business to protect yourself from losing the wealth you are working so hard to create.

Be prepared to learn new tips you’ve probably never heard before regarding umbrella policies, building your real estate team, LLCs, trust funds and more. Don’t miss out on this information-packed episode!

In This Episode We Cover:

Forming an LLC right off the bat
The ins and outs of Insurance vs. Assets
Ten things you need to know to protect your assets
What exactly an Umbrella Policy is and why it might not do what you think it will
Why you shouldn’t put all your properties under one name
What you should know about the Delaware Statutory Trust
Scott’s advanced strategies for real estate investors
Everything you need to know about LLCs vs. Trust Funds
Who you need as part of your team when investing
And SO much more.

Links from the Show:

BiggerPockets Webinar
BiggerPockets Wholesaling Calculator
Trivia Email
10 Ways to Protect Your Assets — This document was prepared by Scott Smith to accompany this podcast presentation.
BiggerPockets Podcast Show 105 with Neal Frankle
BiggerPockets’ Investing in Real Estate with No Money Down

Books Mentioned in this Show

The 4-Hour Workweek by Timothy Ferriss
Rich Dad Poor Dad by Robert Kiyosaki

Tweetable Topics:

“Rich people don’t own things, rich people control things.” Share on Twitter
“You don’t really have any friends once you start getting sued.” Share on Twitter

Connect with Scott

Scott’s BiggerPockets Profile
Scott’s Email Address

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108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone Feb 05, 2015

Show notes

Prepare to laugh, groan, and be inspired.

On today’s episode of the BiggerPockets Podcast, we sit down with bestselling author, TV pundit, and massively-successful real estate investor Grant Cardone. In one of the most motivating, humorous, inspiring — and inappropriate — podcasts of all 108 shows, you’ll be captivated by Grant’s candor and viewpoints on everything from getting a college education to investing in liberal cities to his definition of success. You’ll also learn how Grant has used the principles outlined in his book, The 10X Rule, to grow his real estate portfolio to a value of $350,000,000. Yes, that’s $350 MILLION dollars.

You are going to love this one.

In This Episode We Cover:

Grant’s apology to the BiggerPockets Audience…
Why Grant has NEVER written a business plan
Why Grant chooses to put his money into real estate
How Grant analyzes properties to make sure he always makes money
Grant’s morning and evening routine to keep him motivated
How Grant finds deals in today’s market
Why Grant doesn’t advise investing in single family homes
The easiest property type today to get a loan on
Why Grant invests in democrat/liberal areas
The truth about getting picked on, talked about, and made fun of
The brilliant method Grant used to get a 1000+ unit property although he was outbid by 38 different people
The unique definition of success to Grant
Why aren’t more people doing real estate?
How YOU can become a part owner in Grant’s business
And SO much more.

Links from the Show:

The Top 5 Business Books that Changed My Life in 2014
Hendricks and Partners – Apartment research website

Books Mentioned in this Show

The 10x Rule by Grant Cardone
Sell or Be Sold by Grant Cardone
The ABCs of Real Estate Investing by Ken McElroy
The 10X Day Planner
The Secret by Rhonda Byrne
Think and Grow Rich by Napoleon Hill
The Greatest Salesman in the World by Og Mandino
The Problems of Work by L. Ron Hubbard

Tweetable Topics:

“People are settling for their reality rather than working to their full potential.” (Tweet This!)
“While you are writing your business plan, I’m in the marketplace building customers.” (Tweet This!)
“Success is my duty, my responsibility, and my obligation.” (Tweet This!)
“I buy existing properties that are already producing revenue- and then I do my magic with them.” (Tweet This!)
“Focus on what you want, every day.” (Tweet This!)
“Real estate is definitely a timing thing.” (Tweet This!)
“I don’t believe in diversification…Find the right vehicle and go all-in.” (Tweet This!)
“If you don’t know you made money on the day you bought it, that was a bad deal.” (Tweet This!)
“Whatever you are criticizing, it’s your problem not their problem.” (Tweet This!)
“If people don’t know who you are, you aren’t buying their property.” (Tweet This!)
“Every time I get money, I go broke again because I shove it into this real estate thing.” (Tweet This!)
“We are a renter-nation.” (Tweet This!)
“If you could get half the US population to hate you – you could be the President.” (Tweet This!)
“Success is the difference between my reality and my potential.” (Tweet This!)
“I’m not interested in ‘happy.’ I’m interested in ‘meaning.'” (Tweet This!)
“You’re going to have problems, what kind of problems do you want? I want big problems.” (Tweet This!)

Connect with Grant

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107: Making $47,000 On Your First Deal with Jonathan Makovsky Jan 29, 2015

Show notes

Many new investors lose money on their first, second, and third deal. There is a steep learning curve when trying to invest in real estate and, while the loss is painful, it’s very common. However, not for today’s guest. Today we sit down with Jonathan Makovsky, a new investor from the tri-state area who had incredible success right out of the gate!

If you are a new investor trying to find the right way to get started or if you’ve been investing for years but want to improve your game – don’t miss this impressive interview with Jonathan!

In This Show We Cover:

How Jonathan got started with a push from mom
Tips on taking advice to best push your business forward
Exactly how many houses Jonathan looked at per day in search of a deal
The benefits of having a real estate license
The lessons to be learned by failing on your first deals
How to use direct mail for marketing
The details of Jonathan’s first property, purchased for $150,000
How to find a partner through BiggerPockets
What exactly “racer math” is
The pros and cons of letters and postcards
Jonathan’s experiences with office building
How to make a partnership work
Tips on using BiggerPockets as a tool for success
Plus MUCH more!

Links From the Show:

Books Mentioned in the Show

The Book on Flipping Houses by Mr. J Scott
Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measuresby Frank Gallinelli
How to Win Friends & Influence Peopleby Dale Carnegie

Connect with Jonathan

Jonathan’s BiggerPockets Profile

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106: How to Do 100+ Deals Without a Bank (While Raising Unlimited Funds) with Mike Sumsky Jan 22, 2015

Show notes

Is it possible to build a large real estate business without the use of banks? Our guest today, Mike Sumsky, shows us that it’s not only possible – but can be incredibly beneficial! Mike has done well over 100 deals in the past several years using a variety of creative finance methods and shows you how you can do the same.

Listen for great tips on obtaining private money, finding deals by knocking on doors, and other innovative strategies for building your real estate business. Whether you want to overcome a lack of funding or you just want to explore creative ways to raise capital, this is an episode you don’t want to miss!

In This Show We Cover:

Mike’s thoughts on creative real estate investing
How he got his first properties
Investing while losing a job
The beauty of taking action without knowing everything yet
How to get your first deal from knocking on doors
The anatomy of a short sale
Tips on applying for a bank loan
How to learn while doing
Closing on a house with less than 5 thousand dollars
What “Subject To” type deals are
Everything you need to know about private money
How to become “the prize” in each transaction
Plus MUCH more!

Links From the Show:

BiggerPockets’ Trivia (email)
BP Podcast Show 105
Video of the flood with Brandon
And another video
BiggerPockets’ List of Real Estate Meet ups
CreditKarma
BiggerPockets Forums
Buildium

Books Mentioned in the Show

Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
Think and Grow Rich by Napoleon Hill
Pitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal by Oren Klaff
Landlording on Auto-Pilot by Mike Butler
The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber
Work the System by Sam Carpenter

Connect with Mike

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105: From Minimum Wage to Full Time Flipper with Ophelia Nicholson Jan 15, 2015

Show notes

Prepare to be inspired and motivated after listening to today’s episode of the BiggerPockets Podcast! In this program we sit down with Ophelia Nicholson, a house flipper from the Maryland area who got started with real estate while working a minimum wage job. You’ll learn how she broke out of that life and was able to quit her job to become a full time, successful house flipper, working on multiple properties at once!

Listen for insightful tips on applying for a loan, learning to be a landlord, partnering with family members and quitting your job for real estate. If you’re wondering whether it’s possible to make your investing dreams come true, don’t miss out on this episode — it’ll give you great insight into how you CAN make it happen!

In This Show We Cover:

How Ophelia got started investing
The story of her “first small house“
How to buy a house on a minimum wage salary
Tips on applying for a loan
The experience of becoming an accidental landlord
What to do if you’re sued by your renter
Lessons about starting out as a landlord
Ophelia’s on and off relationship with real estate
The pros and cons of partnering with family
How to put 15 properties under contract in 30 days
Quitting your job for real estate
Thoughts on women getting into real estate investing
Plus MUCH more!

Links From the Show:

BiggerPockets’ Trivia (email)
BP Podcast Show 104
BiggerPocket’s Real Estate Analysis Software
BiggerPockets’ List of Hard Money Lenders
BiggerPocket’s Flipping Book

Books Mentioned in the Show

Connect with Ophelia

Ophelia’s BiggerPockets Profile

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104: How to Build a Scalable Real Estate Business and Design an Incredible Lifestyle with Todd Whiddon Jan 08, 2015

Show notes

Real estate investing has the power to change your life. Today on the BiggerPockets Podcast, we chat with an investor who’s tried his hand at everything from house flipping to new construction — and much more! Our guest Todd Whiddon shares with us how he is building a massively successful business while still making big plans to achieve the life of his dreams. Listen for tips on how Todd has handled failure and come out the other side stronger for it, as well as his input on successfully building a solid team and managing a business.

Whatever avenue of real estate investing you’re focusing on, don’t miss out on this episode! It’s sure to leave you inspired and motivated to take your investing to exciting new places.

In This Show We Cover:

How Todd got started in real estate after the collapse of this multimillion dollar company.
The story of his “two starts” in real estate
Flipping property after the crash
The ins and outs of Todd’s “live and flip” strategy
Why you might want to run a real estate business like a cabinet business
Tips for building a top notch team
How to successfully manage a business
Problems Todd has faced in his real estate career
The huge flooring mistake Todd made when he started flipping houses
The details of how tax sales work
Lessons on performing due diligence on a property
How to transact a business the right way
Plus MUCH more!

Links From the Show:

BiggerPockets’ Files
Diary of a New Construction Project
Global Leadership Organization
BiggerPocket’s Flipping Book
BiggerPocket’s Support (email)
Diary of a POP TOP Second Story Addition Project – Todd’s Amazin BP Forum Thread

Books Mentioned in the Show

The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties by J. Scott
The 4-Hour Workweek by Timothy Ferriss
The E-Myth : Why Most Small Businesses Don’t Work and What to Do About Itby Michael E. Gerber
Getting Things Done: The Art of Stress-Free Productivityby David Allen

Connect with Todd

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103: Building a Long Distance Real Estate Empire One House at a Time with Elizabeth Colegrove Jan 01, 2015

Show notes

Is it possible to invest in real estate at a distance — successfully?

While many might say “no,” today on the BiggerPockets Podcast we bring you Elizabeth Colegrove, who is working on securing her and her husband’s retirement by investing in one home at a time, largely from a distance. Learn the ins and outs of long distance property management and what to look for when deciding on properties to invest in.

From “house hacking” to 1031 exchanges to long distance investing and more, this show is packed with wisdom (and debates) that are bound to inspire you to move your business forward, no matter where you live and where you invest.

In This Show We Cover:

How Elizabeth got started in real estate
How she was introduced to real estate when she was young
Discussions about 1031 deals
Some tips on getting VA loans
Tips for new investors in looking for a property
How to successfully use short sales
Self managing from a distance
What type of properties she buys
How she handles costs and how she calculates them
Her future real estate goals
A perspective on appreciation
Plus MUCH more!

Links From the Show:

Books Mentioned in the Show

NOLO Legal Books

Connect with Elizabeth

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102: How to Struggle and Still Succeed at Real Estate with Scott Costello Dec 25, 2014

Show notes

Have you ever struggled to get to the next level with your real estate investing?

On today’s episode of the BiggerPockets Podcast, we sit down with real estate wholesaler and self-proclaimed “struggling investor” Scott Costello. In this riveting interview, you’ll learn why real estate investing is never as easy as it might appear and how to overcome the struggles that everyone faces to find success. Listen for awesome tips on how to break into the real estate industry, advice on getting into wholesaling, and how to motivate yourself amidst the everyday struggles investors face.

If you’re looking for some great motivation and useful tips, don’t miss this inspiring interview!

In This Show We Cover: