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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:

91: Getting Started as a Real Estate Wholesaler with Ben Grise Oct 09, 2014

Show notes

Getting your first few real estate deals can be exceptionally tough -- which is why today we wanted to introduce you to an investor who is just wrapping up his first INCREDIBLE year as a wholesaler: Ben Grise. During his first year, Ben earned more from wholesaling than most Americans earn from their jobs -- all while working a separate full time job, getting married, and having a baby! If you find yourself stressed, overworked and unsure of how to fit everything into your life -- this is a "can't miss" episode!

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90: My First Real Estate Investment – A Newbie Podcast With Matt, Romeo and KC Oct 02, 2014

Show notes

Don’t miss this special feature, as we come to you live from FinCon 2014 for Podcast 90!

In a BiggerPockets Podcast first, we sit down and chat live with financial conference attendees Matt Giovanisci from New Jersey, Romeo Jeremiah from Detroit and KC Beavers from Rochester, NY, three real estate investor newbies with fascinating stories and great tips for beginning investors and veterans alike! Hear from “accidental landlords” — a growing breed of property owners — firsthand, and let yourself be regaled by tales proving that first time investors CAN achieve success from the get go. A unique and high energy recording, this is one episode you’ll definitely want to tune in for!

In This Show We Cover:

Getting stuck with a property during the economic downtown
The decision to rent by default, ie. the “Accidental Landlord” situation
The art of staging a space to rent it out fast
What exactly a “Streamline Refinance” entails
The pros and cons of renting from afar
Why finding a (trusted) property manager can be crucial
The simple way to fix a garbage disposal you may not know
A great first-time house flip success story
How to start out with a 24-unit apartment building
The concept of “Forced Appreciation”
Wealth creation vs. wealth preservation
The importance of thoroughly vetting tenants
The ins and outs of using Real Estate to diversify your portfolio
How to get a loan on a commercial property
And so much more!

Books Mentioned in the Show

The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss
The Millionaire Real Estate Investor by Gary Keller
The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber

Tweetable Topics

“You can never learn enough about this [industry].” (Tweet This!)
“Just take action, just go for it…but make sure it was a risk worth taking.” (Tweet This!)
“There’s not going to be a single path for someone to take.” (Tweet This!)

Connect with Matt

Matt’s Website

Connect with Romeo

Connect with KC

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89: From High School Dropout to 300+ Real Estate Deals with Engelo Rumora Sep 25, 2014

Show notes

Looking to be inspired?

Today on The BiggerPockets Podcast we sit down and chat with Engelo Rumora, a real estate investor with a fascinating story that involved dropping out of high school, playing professional soccer, and building up a massive real estate investment business across two continents! Don’t miss this incredible interview where we cover numerous topics ranging from getting started, flipping houses, networking with potential lenders, finding (and working with) mentors, running a growing business at a young age, and a lot more!

In This Show We Cover:

How Engelo got his start in Real Estate Investment
The challenges of jumping in without formal education
Valuable tips on effective networking
The varied & diverse deals Engelo has made in his career so far
Why he decided to move from Australia to the US
Details on his first deal (and why he almost got killed because of it!)
The 3 essential traits every investment partner should have
How to avoid shady operators
Tips on how to find the most promising properties
How Engelo and his team finance their deals
The keys to managing a business from a young age
What he’s learned about building a brand and marketing a business
Engelo’s vision for the future of his company
And so much more!

Books Mentioned in the Show

Rich Dad Poor Dad by Robert Kiyosaki
Think and Grow Rich by Napoleon Hill
How to Win Friends & Influence People by Dale Carnegie

Tweetable Topics

“Formal education will you earn you a living, while personal development will give you a lifestyle.” (Tweet This!)
“Many people are school smart, but life-dumb.” (Tweet This!)
“No matter how many times you get hit, you just got to pick yourself up and keep going.” (Tweet This!)
“Passion definitely inspires passion.” (Tweet This!)

Connect with Engelo

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88: Investing with Your Spouse, Managing Financials, and Growing Your Team with Matt and Liz Faircloth Sep 18, 2014

Show notes

Today we’re thrilled to chat with New Jersey real estate investors Matt and Liz Faircloth on The BiggerPockets Podcast, covering everything from the challenges of working with a spouse to purchasing a 10,000 square foot office space!

Matt and Liz have been hooked on real estate since buying their first single family home in 2002. After years of self education, their fair share of learning pains and a healthy dose of hard work, the couple now owns over 100 units and has accomplished around 15 fix and flips. Employing a team of 11, their mission statement is to “revitalize Urban America” and to “transform lives through real estate.” Pick up some great tips on building an empire from the bottom up, choosing the best kinds of financing and earning that all-important track record of success. It’s all here, so don’t miss out!

In This Show We Cover:

How Liz and Matt got their start in real estate as an engaged couple
The pros and cons of working with your spouse
How to successfully get organized
The importance of making a business plan from the get-go
The ins and outs of bookkeeping in a home business (program recommendations included!)
What you stand to gain from a tax deferred exchange
The thrills — and challenges — of buying a 10,000 sq. ft. office space
The all-important skill of flexibility (or “learning to pivot“)
How to gain wealth through commercial real estate
The intricacies of private equity, private lending, forming LLCs & LLPs (and more!)
Proof that you CAN see 20-40% returns with no money down
How to add value to a real estate investment team without putting money up
The definitive guide to finding great employees for your business
Why modular homes may be your safest bet
The worst rehabbing nightmare ever (involving lawsuits, water damage — and a total lack of foundation)
And so much more!

Books Mentioned in the Show

The Lean Startup by Eric Reis
Rich Dad’s Cashflow Quadrant by Robert Kiyosaki
Real Estate Riches: How to Become Rich Using Your Banker’s Money by Dolf de Roos
The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber
Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth by T. Harv Eker

Tweetable Topics

“So if the game plan goes wrong, have a B, have a C, have a D.” (Tweet This!)
“Do things that you’re good at and that you enjoy…bringing your real passions to a task is key.” (Tweet This!)
“Single family home, multi family home — whatever your plan is, get really good at it.” (Tweet This!)

Connect with Matt & Liz

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87: How to Thrive After The Collapse of a Real Estate Empire with Nathan Brooks Sep 11, 2014

Show notes

Failure is no stranger in the real estate industry which is why we are excited to bring Nathan Brooks to The BiggerPockets Podcast today, an investor who knows firsthand that real estate can be tough!

Nathan is an investor (both flips and rentals) from Kansas who went through a very difficult period during the real estate crash, losing all his properties and filing bankruptcy due to a shady partner and jumping in too quickly. Nathan has since emerged as a much stronger real estate investor and carries an incredible story with numerous lessons to share. Get ready to learn how failure can transform your life!

In This Show We Cover:

How Nathan found his first business partner at lunch
Why Nathan bought two houses as a newbie – and lived to regret it
How to find partners through BiggerPockets
The opposite of paralysis by analysis
How Nathan ended up filing bankruptcy
Nathan’s current (more conservative) investing strategy
Dealing with tenants in a $20k property
How to make a unit stand out among the competition
Dealing with “Cat Ladies” and “Hoarder Houses“
How Nathan finds deals
Finding mentors and lenders on Craigslist?
How to find a real estate-minded attorney
And so much more!

Books Mentioned in the Show

The Millionaire Real Estate Investor by Gary Keller
The Unofficial Guide to Real Estate Investing by Spencer Strauss and Martin Stone
The Four Hour Workweek by Timothy Ferriss
Unlimited Power : The New Science Of Personal Achievement by Anthony Robbins

Tweetable Topics

Don’t go into business with someone you don’t know. It’s just stupid. (Tweet This!)
The lessons I’ve learned have made me a better investor today. (Tweet This!)
There’s a deal for everyone, but this deal might not be for you. (Tweet This!)
The job of a Real Estate Investor is to solve problems. (Tweet This!)
Know the answers before asking the questions. (Tweet This!)

Connect with Nathan

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86: House Hacking Your Way to 97 Units (While Holding a Full Time Job!) with Cory Binsfield Sep 04, 2014

Show notes

Today on the BiggerPockets Podcast we sit down with Cory Binsfield, a multifamily rental property investor who comes from Duluth, MN.

If you ever feel like you don’t have enough time to invest in real estate, wait until you hear Cory’s story. He currently owns and manages 97 units himself while still working a full time job. Today he teaches us how he does it and also touches on a variety of topics related to getting started, house hacking, investing in a college town, and being a master of creative finance.

This show is packed full of valuable tips so make sure to grab a pen and paper for notes, and let’s get to it!

In This Show We Cover…

Starting out with an investment that makes your wife cry
How to use a VA Loan
CreativeFinance vs. Conventional Finance
The ins and outs of investing in a college town
The SWAT team that descended on Cory’s property
Mistakes, mistakes and more mistakes!
Why partnering may NOT be a good option after all
How to personally manage over 97 units while working a full time job
How to build a solid team that can put out the fires while you chill on a beach in Mexico
Networking as a “lifestyle”
Owning a frat house
What to look for when buying a multifamily
Why real estate is better than other retirement options
The most helpful technological aid in Cory’s business
And a whole lot more!

Links from the Show:

Why I’m Not a Flipper-Don’t Kill the Goose! by Cory Binsfield
How to “Hack” Your Housing and Get Paid to Live for Free by Brandon Turner
The BiggerPockets Tour

Books Mentioned in the Show:

The Millionaire Real Estate Investor by Gary Keller
The Shareholder Letters by Warren Buffett

Tweetable Topics:

“Networking is a lifestyle.” (Tweet This!)
“There’s not a single path to success in real estate.” (Tweet This!)
“You don’t want a “good” life, you want a “great” life.” (Tweet This!)

Connect with Cory:

Cory’s BiggerPocket Profile

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85: Hybrid Investing, Long Distance Rentals, and Property Management with Mike McKinzie Aug 28, 2014

Show notes

Today on the BiggerPockets Podcast we chat with Mike McKinzie, a full time real estate investor from Garden Grove, CA. Mike is an investor and former property manager who has personally dealt with over 5,000 real estate transactions, but focuses most of his attention today on using property management to invest both locally and out of state.

This show explores a variety of topics related to buy and hold real estate investing and offers a significant amount of actionable information on how to set up property management, covering everything from what questions to ask, what should be expected, and a whole lot more!

In This Show We Cover…

Growing up in a real estate family
Hybrid real estate investing
The key is to success in rental properties
Getting your real estate license as an investor
How to prepare yourself for future-changing markets
If you’re going to invest based on appreciation, THIS is how you do it!
The importance of updating trusts…
How property managers can turn into lead sources
How do you vet property managers?
What does a property manager do?
Managing your own portfolio
How neighbors will help you keep an eye on your property
How to deal with HOA’s the right way!
The importance of due diligence
The difference between housing classes
Dealing with marijuana
And a whole lot more!

Links from the Show:

Books Mentioned in the Show:

The Richest Man in Babylon by George S. Clason
Think and Grow Rich by Napoleon Hill
The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets.com

Tweetable Topics:

“You are the boss of your property manager…fire them if need be!” (Tweet This!)
“Make friends with the neighbors of your property, and you’ll always have eyes on your property…” (Tweet This!)

Connect with Mike:

Mike’s BiggerPocket Profile

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84: Getting Started with Creative Finance and Designing Your Ideal Lifestyle With Chad Carson Aug 21, 2014

Show notes

Today on the BiggerPockets Podcast we sit with Chad Carson, a full time real estate investor from Clemson, South Carolina. Chad brings expertise in a TON of areas including everything from fix-and-flips to creative finance, property management to buy-and-hold.

This show explores how to use real estate as a means to design the lifestyle you really want.

There are a ton of tips and tricks in this one, so dive in!

In This Show We Cover…

How to get started straight out of college
The benefit of having a few key buyers vs. a buyers list
The key is sincerity, hunger and enthusiasm
Getting your real estate license as an investor
How to prepare yourself for future-changing markets
The key to networking with financial partners
Direct mail tips and strategies
Lifestyle design through real estate
The importance of the “why” behind your business
50/50 partnerships
Property managing your own portfolio
Creative finance strategies
Self-Directed IRA’s
Using court records to look up potential tenants
An awesome example of an elevator pitch
The importance of protecting your lenders
And a whole lot more!

Links Mentioned in The Show:

Books Mentioned in the Show:

Building Wealth One House at a Time: Making it Big on Little Deals , by John Schaub
The Warren Buffet Way, by Robert G. Hagstrom
The 7 Habits of Highly Effective People, by Stephen R. Covey

Tweetable Topics:

“Sometimes growing big brings a price you might not need to pay for the lifestyle you want…” (Tweet This!)
“The minute you break people’s trust is the moment you lose everything!” (Tweet This!)

Connect with Chad’s:

Chad’s BiggerPocket Profile

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83: Profitable Landlording with Integrity with Marcia Maynard Aug 14, 2014

Show notes

Today on the BiggerPockets Podcast we are excited to sit down with Marcia Maynard, a hands-on landlord who hails from Vancouver, Washington.

Marcia got her start in real estate by marrying into “the family business” that already had an existing portfolio, but continued on the tradition to help fund her own future retirement. On today’s show, she goes into detail on how you can invest part-time for retirement while making a HUGE impact on the community in the process!

This show covers the importance of integrity in a landlord’s life and is filled with actionable tips for dealing with tenants in an ethical – yet profitable – way. This is a great show, let’s get into it!

In This Show We Cover…

How to invest with family
The importance of setting up your business structure and what happens when you don’t!
Insurance – Do you need an umbrella policy?
The awesome path of buying rental properties slowly
Personal Finance 101
How to love your job and invest in real estate on the side
The benefits of a mission statement
The importance of coaching your tenants to have more integrity
How to handle conflicts with tenants
An awesome alternative to evictions!
The importance of a calling up prior landlords
Red flags of bad tenants,
Actionable items for vetting tenants over the phone
Using court records to look up potential tenants
And a whole lot more!

Links Mentioned in The Show:

The NYC Real Estate Investor Meetup with Brandon
BiggerPockets Keyword Alerts
Marcia’s exact Tenant Screening Interview questions
A Slow, Boring, Incredibly Awesome Strategy for Building Wealth Through Passive Real Estate Investing by Brandon Turner
Padmapper.com

Books Mentioned in the Show:

Landlording by Leigh Robinson
Your Best Year Yet by Jinny S. Ditzler

Tweetable Topics:

“Start with a dream, make goals, take action, then reflect and improve…” (Tweet This!)
“Landlording is like a game of chess.” (Tweet This!)

Connect with Marcia’s:

Marcia’s BiggerPocket Profile

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82: From 0 to 800 Real Estate Deals with David Krulac Aug 07, 2014

Show notes

Today on the BiggerPockets Podcast we are excited to sit down with David Krulac, a real estate renaissance man who has experience in nearly every aspect of the industry, being involved in over 800 deals in his career.

In today’s show we cover everything from prospecting tenants, how to buy at auctions, sub-dividing land, tax deeds and much, much more!

In This Show We Cover…