Business

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:

19: Short Sales Tips, Starting Out in Real Estate, & Working w/ Virtual Assistants with Tracy Royce May 23, 2013

Show notes

On today’s episode of the BiggerPockets Podcast, we are joined by Arizona real estate investor Tracy Royce to discuss all things related to short sales, getting started, and the best ways to run your real estate investing business.

This show has a ton of tips for finding the best way to help sellers who are underwater on their mortgages and still make you a profit as a real estate investor, as well as great strategies for using virtual assistants to lighten your work load and other tips for those who are just getting started.

Read the transcript for episode 19 with Tracy Royce here

In This Show, We Cover:

How to get paid to learn about real estate
How to parlay your talents into a job with a real estate investor;
How to “shift” with a changing market and recognize future trends
How to use virtual assistants in your real estate business
Goals: Good, bad, and ugly
Getting started with no money by using technology and social media
What a short sale is and the short sale process
How to find a great short sale agent
Tips for getting your short sale offers accepted

Books Mentioned in the Show

The Four Hour Workweek by Tim Ferriss
Shift by Gary Keller
Atlas Shrugged by Ayn Rand
Think and Grow Rich by Napoleon Hill
E-Myth Revisited by Michael Gerber
Winning by Jack Welch

Links from the Blog

Tweetable Topics

“When investing in real estate – you have to start out in the mail room.” (Tweet This!)
“Don’t expect to get rich tomorrow. You gotta put the work in, you gotta hustle.” (Tweet This!)
“If you want an easy job, Sell kittens at a pet shop. Real estate investing isn’t easy.”(Tweet This!)
“If you put more fishing lurers out there, you are more likely to catch things.”(Tweet This!)

Connect with Tracy

Tracy’s Website www.RoyceofRealEstate.com
Tracy’s BiggerPockets Profile

Learn more about your ad choices. Visit megaphone.fm/adchoices

18: Flipping, Marketing, and Wholesaling with Danny Johnson May 16, 2013

Show notes

Today on the BiggerPockets Podcast we sit down with fix and flipper Danny Johnson to talk about running a successful real estate investing business. Danny has been investing in real estate for the past decade and has hundreds of awesome, actionable tips that he shares with us in today’s show. From real estate marketing through websites and direct mail to tips for wholesalers and ideas for getting started while working a full time job, Danny’s knowledge is going to blow your mind. Whether you are an experienced house flipper, a wholesaler, or a new investor just getting ready to start investing, this show is going to give you a ton of ammunition to use in your business.

In This Show, We Cover:

Why a mentor isn’t as important for your success as you might think.
How to hustle while holding a full time job.
How to use “driving for dollars” to get started.
The CRAZY first deal that got Danny into real estate.
Bandit signs… a great marketing plan OR a criminal activity?
How Danny manages 8-13 flips at a time.
The “Top Secret” method that Danny uses to find deals.
Postcards vs. yellow letters : which is better?
The best criteria for compiling a great direct mail list.
Tips for creating a lead generating website and online advertising.

Books Mentioned in the Show

Rich Dad Poor Dad by Robert Kiyosaki
Mastery by Robert Greene
Flipping Houses Exposed by Danny Johnson

Links from the Show

Why Hiring a Mentor Might Not Be the Stupidest Thing You Could Do by Ben Leybovich
Driving for Dollars Bible: Finding Distressed Properties and Marketing by Chris Feltus
Driving for Dollars Bible 2: Tracking Down Owners & More Tips! by Chris Feltus
Danny’s “We Buy Houses website”
BP Podcast 016: Land Contracts, Creative Selling, and Finding Private Money with Clay Huber
Hard Money Lender Directory
Danny’s Blog Post: 9 Reasons Why You Couldn’t Sell Your Wholesale Deal

Tweetable Topics

You can’t just sit behind a computer and expect to succeed. You gotta get out there and do stuff. (Tweet This!)
Always negotiate. (Tweet This!)
When it’s a “real deal” you’ll know it’s a good deal. You don’t have to make it a deal. (Tweet This!)
Focus on finding really great deals – you don’t need a whole lot of buyers (Tweet This!)

Connect with Danny

Danny’s BiggerPockets Profile
Danny’s Blog FlippingJunkie.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

17: Finding Mentors, Facing Retirement, and Note Investing with Jeff Brown May 09, 2013

Show notes

Real estate investing is about more than just making money in the here and now – it’s also about setting up your future for a solid retirement with minimal hassle and maximum wealth. However, planning for that time in your life is not always the most easy-to-understand task. To help, we sit down with investment specialist Jeff Brown, a very common face around the BiggerPockets Blog, to discuss some of the best ways to find mentors, what you can do to start preparing for retirement right now, and how to invest in notes using cash or your self directed IRA or 401K. This show is filled with a lot of really actionable, in-depth content so be sure to have your notepad ready – you’re going to need it!

In This Show, We Cover:

How to find mentors to help train and teach
Why real estate brokers make the best mentors
What CCIM is and why you should consider it
How much do you need to quit your job and go “Full Time?”
Why $1 million might not be enough for you for retirement
3 paths to maximize after-tax income.
Why “cash flow” might be overrated when beginning
Why you should STOP investing in your 401K and IRAs – even with a “company match”
Investing in notes vs. property … why one is better than the other
How to find good notes to invest in
3 Case studies – what should a 25 year old do, a 45 year old do, or a 60 year old do for retirement?
and more

Books Mentioned in the Show:

The E-Myth Revisited by Michael Gerber
The Basic Steps in Real Estate Exchanging by Royce Ringsdorf.

Links from the Show:

Tweetable Topics

“The best mentoring you can get is often at the 19th hole around a plate of fries.” (Tweet This!)
“Don’t leave money on the table just because you want the pleasure of being able to drive by your investment.” (Tweet This!)
“When you retire, the one with the most options wins” (Tweet This!)
“I want to retire yesterday afternoon around 4:30!” (Tweet This!)

Learn More about Jeff

Jeff’s BiggerPockets Account
Jeff’s BiggerPockets’ Blog Posts

Learn more about your ad choices. Visit megaphone.fm/adchoices

16: Land Contracts, Creative Selling, and Finding Private Money with Clay Huber May 02, 2013

Show notes

Several weeks ago on the BiggerPockets Podcast, we spoke with Leon Yang about using seller financing to buy properties. Today we are going to look at the opposite side of that transaction and discuss ways you can invest in real estate by utilizing seller financing (or “land contracts”) to sell. Our discussion today with real estate investor Clay Huber is chalked full of a lot of great advice for utilizing this strategy, as well as a variety of tips for those who are just getting started or for those who are just looking for another tool to add to their investor toolbox.

Read the transcript for Episode 16 with Clay Huber here

In This Show, We Cover:

The “accidental flip” that got Clay into Real Estate… and why he changed strategies
How to use seller financing to invest in real estate,
When not to use seller financing
Dealing with the dreaded Due on Sale clause,
Should you get your real estate license?
Using a full time job to accelerate your investing
The members you should have on your team
How Clay finances his deals
The four items to include in your Marketing Packet to attract private money
Overcoming the “Bus” question… what happens if you get hit by a bus!?
How to get training for pennies on the dollar

Books Mentioned in the Show:

Inspecting a House (For Pros By Pros) by Rex Cauldwell

Links from the Show:

Tweetable Topics

“The best business model is to simply have a sugar-momma!” (Tweet This!)
“If you buy something for retail value you are at the mercy of the market.” (Tweet This!)
“Your first step in any venture is to define your goal.” (Tweet This!)
“Make sure your spouse is 100% on board with your goals.” (Tweet This!)

Learn More about Clay

Learn more about your ad choices. Visit megaphone.fm/adchoices

15: From $80k in Credit Card Debt to 100+ Deals with Glenn and Amber Schworm Apr 25, 2013

Show notes

Starting out with nothing is not easy. Luckily – this week on the BiggerPockets Podcast we are talking with husband and wife team Glenn and Amber Schworm, who have successfully done just this and scaled their real estate business to over 100 deals! On today’s show, Glenn and Amber share a ton of great tips and advice about flipping, wholesaling, and marketing for real estate investors – both new and seasoned.

Read the Transcript for episode 15 with Glenn and Amber Schworm

In This Show, We Cover:

How desperation (and $80,000 in credit card debt) forced Glenn and Amber to succeed
Using a mail-carrier to find deals for you
The mistakes made on the first flip that helped them prosper on over 100 other flips
Working with your spouse as your business partner
Creating systems and teams to build a bigger business
Tips for finding private investors to fund your real estate investing
The toughest thing Glenn and Amber ever have to face in their business
Tips for making money from wholesaling
Marketing for motivated sellers

Books Mentioned in the Show:

The BiggerPockets Book on Flipping Houses
Seven Habits of Highly Effective People by Steven Covey
Think and Grow Rich by N. Hill
The Four Agreements: A Practical Guide to Personal Freedom by Don Miguel Ruiz

Links from the Show:

Tweetable Topics

Don’t be afraid to ask. (Click to Tweet!)
You can read the books and go to the seminars, but in the end – it’s a people business.(Click to Tweet!)
Behavior that is rewarded is usually repeated. (Click to Tweet!)
Invest in your people… they are your future. (Click to Tweet!)
Action equal results. Massive action equals massive results.(Click to Tweet!)

Learn More about Glenn and Amber

Learn more about your ad choices. Visit megaphone.fm/adchoices

14: Cash Flow, Creative Finance, and Life with Ben Leybovich Apr 18, 2013

Show notes

Creativity and real estate go together like peanut butter and jelly – but for many investors, learning how to get creative can be tough. So today, on the 14th episode of the BiggerPockets Podcast, we sit down with real estate investor Ben Leybovich to discuss buying property with 100% financing, the importance of cash flow (and how to get it,) overcoming obstacles that inevitable will rise, plus a whole lot more. Ben’s inspirational story, involving his battle with multiple sclerosis, will teach you the importance of creating passive income through real estate because you never know what the future will hold. Learn how Ben turned this tragic, life-changing news into motivation to create a successful real estate investing business. You’ll definitely want to take notes during this one!

In This Show, We Cover:

The shocking medical event that completely changed Ben’s life
The three kinds of income … and which you need
How Ben chose his real estate investing strategy
The message about “flipping” that seems to escape most
How to get started with no money at all
Ben’s top tips for landlords
A reasonable benchmark for cashflow… how much per unit per month.
Why 100% of the purchase price isn’t 100% of the leverage/equity.

Links from the Show

Books Mentioned in the Show:

How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson
ABC’s of Real Estate Investing by Ken McElroy’s

Tweetable Topics

Successful people march toward the blazing guns. (Tweet This!)
Find fertile ground where the stampede hasn’t occurred yet. (Tweet This!)
I’m in real estate for one reason and one reason only: stable passive income. (Tweet This!)
Get good at solving people’s problems – you’ll do well in life.(Tweet This!)
Successful people refuse to fail. (Tweet This!)
To achieve extraordinary results we have to take extraordinary actions. (Tweet This!)

Learn More about Ben

Ben’s Blog – JustAskBenWhy.com
Ben’s BiggerPockets Profile
Ben’s LinkedIn Profile

Learn more about your ad choices. Visit megaphone.fm/adchoices

13: Buying Real Estate with Seller Financing and Speculating with Leon Yang Apr 11, 2013

Show notes

Traditional cash flow investing and bank loans are the most common methods used for buy-and-hold investors, but it’s not the only way.

Today’s episode of the BiggerPockets Podcast looks at some alternative methods of real estate investing that we haven’t covered in great detail yet on the show, but may help you pick up new skills and ideas for your investing plan. On today’s show, we sit down with Leon Yang, a young investor from the Las Vegas area who fills us in on his strategy to buy homes using seller financing. We also learn how he closely watches the real estate market to ride the “speculation wave” to build wealth through appreciation and time.

A BiggerPockets Podcast Milestone!

Before we get to the show – we want to give a big thanks to everyone who has left us a review in iTunes– we are up to 175 five-star reviews and counting! Also – we have reached 100,000 downloads of the podcast since we started – which is really, really incredible! Thanks so much to everyone who has helped us reach this milestone and supported BiggerPockets on this journey!

Read the transcript for episode 13 with Leon Yang here

In This Show, We Cover:

How to get started when living in a city with high prices
Why Leon chose Las Vegas to invest in
How to use seller financing to fund your purchases
Leon’s primary source for finding seller financing.
How to approach sellers and negotiate the best deal.
Two things more important than “selling price” in a deal.
Speculating in real estate: is it ever okay?
Leon’s view on the future of inflation in the US.
The first step for new investors.
Why now is the best time to invest in real estate.

Links from the Show

Books Mentioned in the Show:

Rich Dad Poor Dad by Robert Kiyosaki
The Total Money Makeover by Dave Ramsey
The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets
Investment Biker: Around the World with Jim Rogers

Tweetable Topics

“Seller financing is about relationships and trust. Build that before negotiating.” (Tweet This!)
“Inflation is a borrower’s friend.” (Tweet This!)
“To be successful, you have to get a good financial education.” (Tweet This!)
“Strike a good balance between real estate and the rest of your life.” (Tweet This!)
“It’s the experiences in life that make life interesting, not how much money you have.” (Tweet This!)

Learn More about Leon

Leon’s Blog: HardWorkingPenguin.com
Leon’s Facebook

Learn more about your ad choices. Visit megaphone.fm/adchoices

12: Wholesaling and Marketing with Sharon Vornholt Apr 04, 2013

Show notes

Wholesaling real estate is a popular topic on BiggerPockets and often one of the first strategies used by newbies to build cash reserves. However, wholesaling is a business that requires certain systems, strategies time, and sometimes even cash to prosper at. In today’s episode of the BiggerPockets Podcast, we talk with expert wholesaler and marketing whiz Sharon Vornholt about some of those strategies and techniques that she uses to make an income as a full time wholesaler.

Read the transcript for Episode 12 with Sharon Vornholt here

In Today’s Wholesaling Podcast, We Cover:

An easy, cheap (free!) way to find more cash buyers than you can handle.
The first step for wholesalers
Sharon’s primary source of leads for motivated sellers
The step-by-step process for making money as a wholesaler
Double-closings vs. an assignment: Which is best?
How Sharon closes deals with no money whatsoever
Typical response rates from direct mail campaigns
Why “pain” is a great thing to discover…
Awesome strategies for negotiating with sellers
The mistake Sharon made when starting out… and how you can avoid it.
What the key to success really is.

Links From the Wholesaling Show:

Wholesaling Articles on the BiggerPockets Blog:
What Is A Double Closing? A Real Estate Wholesaling How To
Exit Strategies For Wholesalers. What Is A Double Closing?
How to Start Wholesaling: Getting Past The Education and Into the Field
Don’t Start Wholesaling Until You Read This: Wholesale Advice from a Fix and Flipper
9 Reasons You Couldn’t Find A Buyer For Your Wholesale Deal
BiggerPockets Podcast 11: Flipping Houses 101 with J Scott
ListSource.com – (Motivated Sell Lists for Direct Mail Campaigns)

Books Mentioned in the Show

Rich Dad Poor Dad by Robert Kiyosaki
Success Principles by Jack Canfield

Tweetable Topics:

“Wholesaling is about relationships.” (Click to Tweet!)
“When negotiating, learn to adjust the other person’s expectations” (Click to Tweet!)
“Learning how to buy property for the right price is the difference between success and failure.” (Click to Tweet!)
“It’s all about marketing. You have to have leads in order to get deals.” (Click to Tweet!)
“Anyone who claims to know everything about anything is full of crap.” (Click to Tweet!)

Thank You!

Thank you again to everyone who has subscribed in iTunes to help make us one of the top business podcasts in all of iTunes! We’re up to 166 5-Star Reviews so far with over 89,000 downloads! Every subscription in iTunes and every review helps us reach more people – so thank you!

About Sharon

Sharon Vornholt is a professional real estate wholesaler who began investing in real estate in the Louisville, KY area in 1998. While she has done both rehabbing and buy and hold investing, her primary area of focus now is wholesaling. Sharon is a regular contributor on the BiggerPockets blog and an avid blogger on her own site, LouisvilleGalsRealEstateBlog.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

11: The Ultimate Beginner’s Podcast For Real Estate Investors Mar 28, 2013

Show notes

Getting started with real estate investing can seem overwhelming, but on today’s episode of The BiggerPockets Podcast, we are going to walk you through the entire broad overview of how people actually make money in the real estate investing field – and how you can do the same. In this unique episode, Josh and Brandon will walk you through the steps to take before getting started, choosing your strategy, ideas for finding properties, tips for getting financing in order and much, much more. Grab a pen and paper and get ready to take notes – this episode is jam packed with over an hour of directly actionable and educational information.

Read the transcript of Episode 11 with Josh and Brandon here.

In Today’s Flipping Podcast, We Cover:

The first “personal” decision you need to make before investing.
Working full-time vs. part time in real estate investing.
Josh Dorkin’s real thoughts on “gurus.”
Investing when you are broke.
Six steps to overcoming analysis paralysis
Ten unique niches and three solid strategies you can invest in real estate with.
Brandon’s favorite “team member” that helped cut 90% of his work out
To partner or not to partner? Pros and Cons
13 ways to finance your real estate investments

Links from the Show

Books Mentioned in the Show

Getting Things Done by David Allen
The Book on Flipping Houses by J Scott
The Book on Estimating Rehab Costs by J Scott
Rich Dad Poor Dad by Robert Kiyosaki
Four Hour Workweek by Tim Ferriss

Tweetable Topics:

“You don’t need to make real estate your career in order to build wealth in real estate.” (Tweet This!)
“There has to be money involved when investing in real estate… but it doesn’t need to be yours.” (Tweet This!)
“Real estate takes time, planning, and patience.” (Tweet This!)
“People like to fall down… and people like to sue. Get good insurance.” (Tweet This!)
“You’re not a complete puzzle – there are pieces you are missing. Find those pieces.” (Tweet This!)
“A friendship founded on business is a good deal better than a business founded on friendship.” -John D. Rockefeller (Tweet This!)

Learn more about your ad choices. Visit megaphone.fm/adchoices

10: Flipping Houses 101 with J Scott Mar 21, 2013

Show notes

House flipping is one of the most popular methods of investing in real estate. However, it’s sometimes difficult to know exactly how to get started, as there are thousands of blog posts, articles, forum posts, and more about the topic. In today’s Podcast, we talk with one of the best in the business, J Scott, about how he got started flipping houses and how you can follow the same strategies to build your own real estate investing business.

Read the transcript of Episode 10 with J. Scott here.

In Today’s Flipping Podcast, We Cover:

How a TV show got J started with flipping
How J made every mistake possible on his first flip…but still made money
Tips For Working with a wholesaler and tips for wholesalers to work with flippers
Multiple exit strategies for flippers
What the “sweet spot” is in terms of profit
The “flip formula” and how to use it to estimate your profit.
How to determine the “after repair value” of your property.
Why you should get your real estate license.
Why having a construction background might not be great when flipping.
How J’s got his days-on-market down to a 17 day average.
Tips for finding a great project manager.
How to find private lenders to fund your deals.
Automating you flipping business to flip while holding a full time job

Links From the Flipping 101 Show:

Books Mentioned in the Show

The Complete Guide to Real Estate Finance for Investors by Steve Burges
The Four Hour Workweek by Tim Ferriss

Tweetable Topics:

“You gotta be conservative in your numbers, so your ‘beginner mistakes’ will be covered.” (Tweet This!)
“Always have 2, 3, or 4 exit strategies as a backup on your house flips.”(Tweet This!)
“What you did yesterday may not work tomorrow – you need to be flexible in your business.” (Tweet This!)
“Pricing a property right is key.” (Tweet This!)
“You don’t raise money if you don’t ask. It’s not rocket science – it’s just hard work.” (Tweet This!)
“It takes work and a lot of up-front preparation – but business automation is possible.” (Tweet This!)
“Putting together a plan on paper will help you figure out where your gaps in knowledge are.” (Tweet This!)
“Real estate investing education shouldn’t cost as much as a college education.” (Tweet This!)
“Those who do best in this industry are those who work ON their business, not IN their business.” (Tweet This!)

About J

J Scott runs Lish Properties LLC, a real estate investment company in the west suburbs of Atlanta, GA that specializes in purchasing, rehabbing and reselling REO properties. Along with his wife, J purchases and renovates about 15-20 houses per year. In addition, they consult to other investors, manage rehabs for other investors, and stage/list/market properties for the investors they work with.

J’s BiggerPockets Profile
J’s Facebook Page

Learn more about your ad choices. Visit megaphone.fm/adchoices

Our TOPPODCAST Picks

Follow Us

Stay Connected

BiggerPockets Real Estate Podcast

Related Podcasts

Links

Stay Connected