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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:

30: Conservative Real Estate Investing and Starting Out with Kenny Estes Aug 08, 2013

Show notes

Today on the BiggerPockets Podcast we want to share an interview with someone who runs his investment business in a unique but powerful way – and it’s sure to both inform and entertain you. On today’s episode, we sit down with real estate investor Kenny Estes and chat about investing in rural America, funding deals through private money, building a team, and “going big” with a bold exit strategy. Join us today for a really awesome interview and one of the highest caliber conversations we’ve ever had (and one of the largest debates as well!)

Read the transcript to episode 30 with Kenny Estes here.

In This Show, We Cover

How Kenny started investing at 18 years old – while still in college.
The early mistakes that Kenny is still digging out from
The “Cab Driver Metric” in Real Estate Investing
Why “no money down” is dangerous
How to “stress test” a real estate deal
How Kenny found his initial private investors
The debate between “Invest Yourself” or “Invest with Others”
Kenny’s real estate team – and how he built it
Finding and dealing with contractors
Kenny’s “bold” exit strategy plan

Links from the Show

The House Flipping Calculator
Are Stocks Better than Real Estate? Post by Kenny Estes
“Boring can be Sexy when Investing in Real Estate” post by Ben Leybovich
Ultimate Beginner’s Guide to Real Estate Investing – Free eBook
CashFlow Board Game

Books Mentioned in the Show

Rich Dad Poor Dad by Robert Kiyosaki
Investing in Real Estate – Gary Eldred
On China – Kissinger

Tweetable Topics

Be very cognizant of your risk threshold and do it very conservatively. (Tweet This!)
Private investors are people you know. (Tweet This!)
Invest simply, do it conservatively, do it for the long haul. (Tweet This!)

Connect with Kenny

Kenny’s BiggerPockets Profile
Kenny’s Blog – PearTreeProperty.com/Blog

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29: Using Peer-to-Peer Lending to Finance Deals, Cash Flow, and Fix and Hold Investing with Dawn Anastasi Aug 01, 2013

Show notes

On today’s episode of the BiggerPockets Podcast, we are going to dive into some really fascinating new ways to finance your real estate investing while talking with residential investor Dawn Anastasi. Dawn is an active investor in the Milwaukee area who, while working a full time job, has collected a number of rental properties with amazing cash flow each month. Dawn shares with us her strategy for buying low priced houses (with unique financing in place,) fixing them up, and leasing them out to great tenants. This show definitely has a lot of great tips, ideas, and strategies for both new investors and seasoned pros.

Read the transcript to episode 29 with Dawn Anastasi here.

In This Show, We Cover

Working with Family and Friends
Investing in Real Estate from a Woman’s Perspective
Dealing with Difficult Contractors
How to Find Houses for Between $20,000 – $30,000
Financing Real Estate Through Peer-to-Peer Funding
Buying Long Distance Properties
Why Single Family Rentals Rock
Finding Partners on BiggerPockets

Links from the Show

Lending Club (BiggerPockets Partner Link)
Prosper (BiggerPockets Partner Link)
How to Buy a Small Multifamily: A Step by Step Case Study
Brandon’s Twitter, Josh’s Twitter, BiggerPockets’ Twitter
Tenant Screening: The Ultimate Guide
The BiggerPockets MarketPlace
Rich Dad Poor Dad Audio Book on Youtube
How to Analyze a Fix and Flip: A Step by Step Case Study
The BiggerPockets Fix and Flip Analysis and Reporting Tool

Books Mentioned in the Show

Tweetable Topics

You need to be comfortable with whatever investing strategy you choose. (Tweet This!)
A deal is a deal, whether it’s a single family home or duplex. Go where the deal is. (Tweet This!)
Know your real estate market: the niches, and the neighborhoods. (Tweet This!)
The Bigger Pockets Marketplace is eHarmony for Real Estate Investors! Have You Found Your Match? (Tweet This!)

Connect with Dawn

Dawn’s BiggerPockets Profile
Dawn’s Website www.coreprop.biz/

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28: Note Investing and Raising Private Money with Dave Van Horn Jul 25, 2013

Show notes

On today’s episode of the BiggerPockets, we’re going to dive into an area of real estate investing that is largely unknown, yet can be one of the most passive forms of earning lucrative returns: note investing. Our guest today is Dave Van Horn, who has been actively investing in real estate for more than twenty years and currently runs a very successful note business, PPR Note Company. In addition to information on notes and passive income, Dave also has a ton of great tips for any investor looking to raise money for their real estate deals – so definitely don’t miss this valuable and informative show!

Read the transcript to episode 28 with Dave Van Horn here.

In This Show, We Cover

How Dave used other people’s money to buy real estate
Attracting private lenders through proper networking
Dave’s beginning journey into note investing and “Soft-Hard Money”
Why people sell notes … for steep discounts.
Buying “delinquent mortgages” for incredibly low amounts
The kind of discounts you can get from second mortgages
Strategies for dealing with delinquent payments
Three ways to get started buying notes
How much you need to get started investing in notes
Unique ideas for raising capital and finding accredited investors
Staying out of trouble when dealing with accredited investors
The mistake that cost Dave’s company $10,000 when dealing with investors

Links from the Show

BiggerPockets YouTube Chanel
BP Podcast 026: Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier
BREAKING NEWS: General Solicitation of Accredited Investors is Now Legal… Who are the Winners and Losers?
The BiggerPockets Forums
The BiggerPockets House Flipping Calculator

Books Mentioned in the Show

Missed Fortune 101 by Douglas Andrew
Mastering the Rockefeller Habits by Verne Harnish

Tweetable Topics

Keep your money moving… keep the velocity going. (Tweet This!)
How many deals could you do if you had an unlimited supply of money? (Tweet This!)
Start raising money with the people in your cell phone (Tweet This!)

Connect with Dave

Dave’s BiggerPockets Profile
Dave’s Company PPR Note Company

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27: Fix and Flipping, Wholesaling, Marketing, and More with Jason and Katherine Grote Jul 18, 2013

Show notes

On today’s episode of the BiggerPockets Podcast, we talk with the dynamic husband and wife team ofJason and Katherine Grote about their adventures in flipping and wholesaling, while specifically dealing with some of the unique ways they find deals for their real estate investing business. This show was really a ton of fun to record and will give you both ideas and many good laughs as you hear the Grote’s story and tips for you and your investing business!

Read the transcript to episode 27 with Jason and Katherine Grote here.

In This Show, We Cover

What a “wholetail” is – and why it can be profitable
The first direct mail campaign that… flopped.
When to “buy and hold” and when to “flip?”
When to Quit your job … and when NOT to.
Flipping in hot vs. cold markets
How to wholesale without being a time-stealing “bottom feeder”
Dealing with foundation problems
Tips for working with your spouse

Links from the Show

Books Mentioned in the Show:

Rich Dad Poor Dad by Robert Kiyosaki

Tweetable Topics

Anything worth anything is all about hard work (Tweet This!)
People decide whether or not they’ll buy your house in the first 3 minutes.(Tweet This!)
We’re passionate about real estate… it’s fun! (Tweet This!)
Who needs a book when you have BiggerPockets! (Tweet This!)

Connect with Jason and Katherine

Jason’s BiggerPockets Profile
Katherine’s BiggerPockets Profile
The Grote’s Website: www.IBuyAustinHouses.com

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26: Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier Jul 11, 2013

Show notes

Successful real estate investing involves a lot more than just tenants, toilets, and trouble. Successful investors have learned to manage their investing like a business and not a hobby by creating systems to scale their efforts and build wealth faster and more securely. To get a better idea on just how to do this, on the show today we talk with real estate pro Chris Clothier of Memphis Invest, who shares his story and his view on how to start working on your business and not in your business. If you are looking to take your investing to the next level while maintaining more control – don’t miss this episode. Chris also has some awesome tips on getting your properties rented quicker and dealing with difficult tenants so be sure to take notes!

Read the transcript to episode 26 with Chris Clothier here.

In Today’s Show, We Cover

Student housing: a good idea or a bad idea?
When NOT to use partnerships – and the perfect kind of partner.
What comes first: hiring employees or ramping up your marketing.
What true marketing really is… and why it costs nothing.
Tips for outsourcing parts of your business that don’t excite you.
Why Chris didn’t use a formal business plan but you probably should.
How to hire people and guarantee you can always pay their salary.
Chris’ unique “game” for filling vacant units.
The one tenant trait that is an automatic denial.
Specific questions to ask a property manager before hiring them.

Links from Today’s Show:

Books Mentioned in the Show

Make it Big by Frank McKinney
Rework by Jason Fried and David Heinemeier Hansson

Tweetable Topics

“The best marketing you could ever do is simply talking to other people.” (Tweet This!)
“If you are going to start a business… why not go all in?” (Tweet This!)
“To scale your business, you gotta bring in the highest quality people.” (Tweet This!)
“Surround yourself with people who believe in your vision and are up for the challenge.” (Tweet This!)
“Don’t be scared to share in the wealth of what you are doing.” (Tweet This!)

Connect with Chris

Chris’ Company Website MemphisInvest.com
Chris’ BiggerPockets Profile

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25: Four Newbies and Their Very First Real Estate Success Stories Jul 04, 2013

Show notes

On today’s episode of the BiggerPockets Podcast – we’re going to change things up. You see, all of our interviews thus far have been with real estate investing professionals, who are absolutely crushing it in their real estate journey.

However, today, we want to sit down with some investors who are just starting out and can tell us their stories of how they achieved their first real estate deal. These stories are not only helpful for new investors, but even the pros can learn valuable lessons from their experiences. We cover everything from investing when you live in an expensive city to dealing with the drama that might arise during a wholesale deal and even tips for buying a small multifamily property as your first primary residence. Don’t miss this amazing set of interviews with some really great individuals!

Read the transcript to episode 25 here

Links from the Show:

Books Mentioned in the Show

How to Be a Deed Grabber by Rick Dawson
How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson

Tweetable Topics

“When financing real estate, find a lender who knows what they are doing.” (Tweet This!)
“If you have a good property, at a good price, in a good location – you won’t have a problem selling.” (Tweet This!)
“You can’t use your location as an excuse not to invest.” (Tweet This!)
“It’s more important, with early deals, to get them moved early and build your confidence.” (Tweet This!)

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24: House Flipping and Deal Analysis with Michael LaCava Jun 27, 2013

Show notes

On today’s episode of the BiggerPockets Podcast, we talk with active house flipper and real estate investor Michael LaCava about flipping houses in today’s rapidly changing real estate market. Mike has been flipping houses since 2006, so he’s seen both the crash and the emergence of the market, and has a ton of great insight into building a scalable flipping business, analyzing deals quickly and efficiently, and (as a new feature on the Podcast) Mike dives into a “Fire Round” where he answers some of the most interesting questions asked by BiggerPockets members in the Forums.

Read the transcript to episode 24 with Michael LaCava here

In This Show, We Cover

Finding and Working with Partners in your Investing
Losing money on the first deal
Mike’s view on the Hedge Fund problem
Exit strategies … “What happens IF…”
The $2.5 million dollar deal that fell apart
When to use the 70% Rule and when NOT to use it
Finding accurate comparable sales (Comps)
The best way to estimate repairs
Hiring your very own acquisition manager
Tips for wholesalers
The power of blogging for your business
The flipping “Fire-Round”
Flipping a “Murder House?”
Finding deals in a competitive market

Links from the Show

BiggerPockets Deal Analysis Forum

Books Mentioned in the Show

Think and Grow Rich by Napoleon Hill

Tweetable Topics:

“When flipping a house, you make your money on the front end. It’s understanding the numbers before getting into it.” (Tweet This!)
“Relying on the experts and building your team is crucial to being successful.” (Tweet This!)
“You need to create a plan, you need to write it down, you need to start taking action.” (Tweet This!)
“Success isn’t about how much money you make – it’s about enjoying life along the way.” (Tweet This!)
“Goals with no actions are just dreams.” (Tweet This!)

Connect with Michael

Michael’s Website HouseFlippingSchool.com
Michael’s BiggerPockets Profile

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23: Flipping While Working a Job, Partnerships, and Military Investing with James Vermillion Jun 20, 2013

Show notes

One of the biggest issues that most investors face is the issue of investing while holding a full time job. In today’s episode of the BiggerPockets Podcast, we sit down with real estate investor James Vermillionto discuss how he has built his real estate flipping and buy-and-hold investing business while working full time in the US Military and with a non-real estate business. James shares his story, along with numerous tips for managing your time while working a job and dealing with partnerships to maximize your investing power.

Read the transcript to episode 23 with James Vermillion here

.In This Show, We Cover

How James works a full time job while flipping houses
Overcoming the “Education Only Phase” and buying his first property
Investing while serving in the US Military
How James succeeded without any expensive courses or mentors
How to find free online college-level real estate education
Transitioning from Flipping to Buy and Hold
Finding financing for flipping through a local community bank
Tips and tricks for finding deals still on the MLS
How to make a partnership work great
Tips for finding a free mentor

Links from the Show

Links for Military Investors

Books Mentioned in the Show

Titan: The Life of John D. Rockefeller, Sr. by Ron Chernow
The Book on Estimating Rehab Costs

Tweetable Topics:

“What works in one market won’t necessarily work in another market.” (Tweet This!)
“A partnership will never be 50/50 all the time – and that’s okay.” (Tweet This!)
“Don’t pick a strategy and build you life around it. Look at your life – and build a strategy that fits your needs.” (Tweet This!)

Connect with James

James’ BiggerPockets Profile
James’ Company Website www.kandvinvesting.com

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22: Building a Marketing Machine, Spec Houses, Flipping & Wholesaling with Tucker Merrihew Jun 13, 2013

Show notes

While most investors think of real estate investing as buying an ugly property and making it look good, today we sit down with an investor who runs a highly successful investing business that focuses heavily on investing in new home building, along with wholesaling and flipping as well. Tucker Merrihew, the owner of TTM Development Co in Portland, Oregon, shares a ton of great advice on creating a sustainable and automatic lead funnel, as well as numerous tips on a variety of investing techniques.

Read the transcript for episode 22 with Tucker Merrihew here

In This Show, We Cover

How a “failed personality test” led to real estate investing
The early mistakes that caused major problems for Tucker
Do condos make good investments?
How to build a marketing machine
Direct mail “shock marketing“
Why knocking down houses might make you money
Tucker’s online marketing strategy
The financial benefits of spec building
Tips for finding and working with great contractors
Finding deals when the MLS is too competitive

Links from the Show

Books Mentioned In The Show:

Donald Trump Books
How to Win Friends and Influence People – Dale Carnegie

Tweetable Topics:

“There’s motivation in weird places sometimes.” (Click to Tweet)
“When investing in real estate, you’ve got to have a website.” (Click to Tweet)
“To be successful in real estate investing, you gotta build momentum.” (Click to Tweet)

Get in Touch with Tucker

Tucker’s BiggerPockets Profile
Tucker’s Company Website: www.TTMDevelopmentCompany.com
Tucker’s Facebook Page: www.Facebook.com/TuckerMerrihew

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20: 20 Deadly Mistakes For Real Estate Investors to Avoid May 30, 2013

Show notes

While it’s unlikely that you are going to make a mistake in real estate that will kill you – there is a much higher chance that you’ll make a mistake that’s going to kill your chance of finding success. To help you fight the good fight and avoid those mistakes – you’ll definitely want to listen to today’s episode of the BiggerPockets Podcast with Josh and Brandon. You might be a seasoned investor or you might be just starting out – but the 20 mistakes listed in this podcast are real, common, and deadly if not properly addressed, so be sure to listen to today’s show.

Read the transcript for Show 20 with Josh & Brandon here

In This Show, We Cover:

The best ways to get free education
How to overcome analysis paralysis
Exit strategies you should be using as a backup
How to establish your marketing machine
How to best protect yourself from being sued
The best ways to find great contractors
The worst way to screen for tenants
Plus MUCH more…

Links from the Show:

Books Mentioned in the Show

The E-Myth by Michael Gerber
If You Give a Mouse a Cookie by Laura Joffe Numeroff

Tweetable Topics

You’re never going to know everything. (Tweet This!)
The math never lies. Stick with the math and don’t fudge the numbers. (Tweet This!)
You wouldn’t drive from Canada to Peru without a map. You need a plan – just knowing it’s south isn’t good enough. (Tweet This!)
Don’t talk so much. Just listen. (Tweet This!)

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