BiggerPockets Real Estate Podcast

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BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone

BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!

Zillow

Check the full show notes here: https://biggerpockets.com/show515

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514: BiggerNews, October: How Small Landlords Can Beat the Hedge Funds Oct 05, 2021

Show notes

Once the housing market started to slide in 2007, smart investors began buying, and waiting, for rock-bottom prices to kick in. Investors were buying homes in some of the best markets for dimes on the dollar, and have seen massive profits whether keeping them as buy-and-hold rentals, BRRRR deals, or flips. While small investors started buying a couple of houses a year, institutional investors were doing far, far more.

Private equity funds, along with REITs and hedge funds knew that foreclosed homes were a steal, and their economies of scale made it even easier to turn these financially mismanaged properties into appreciation and cash flow kings. As institutional investors began fixing up these homes, listing them for rent, and later selling them, the entire market moved in an upward direction. Now, first-time homebuyers are competing with these economic powerhouses to lock down their first primary residence or rental property.

A man who has been covering this topic for years is The Wall Street Journal's, Ryan Dezember. Ryan has a keen understanding of what influences the housing market as a whole, why institutional investors are making the moves they are, and what this means for small mom-and-pop landlords. Dave Meyer also joins David Greene on this episode to discuss the ways small landlords can beat Wall Street at their own game.

In This Episode We Cover:

Why home prices dropped to the lowest point in 2011

How the pandemic gave institutional investors more buying power

Who are the “wall street buyers” that are buying thousands of single-family homes?

Why you should “find the tenant” before finding your next property

The “carbon monoxide” of investing that most investors aren't paying attention to

How institutional investors use economies of scale to rapidly rehab homes

What small investors can do to beat institutional investors at the closing table

And So Much More!

Links from the Show

BiggerPockets Conference 2021

Blackstone

Zillow

Redfin

BiggerPockets Show 515

Check the full show notes here: https://biggerpockets.com/show514

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513: Seeing Greene: BRRRR 101 - Loans, Deals, & Cash Flow Oct 03, 2021

Show notes

Welcome back to another episode of Seeing Greene with BiggerPockets Podcast host, top real estate agent, and BRRRR master himself, David Greene. Today’s episode touches on many topics that relate to the BRRRR strategy, ranging from financing, rehabbing, calculating cash flow, and where to find deals.

Since the BRRRR method is such a popular strategy among real estate investors, we thought it best to have an episode that touches on so many aspects of the BRRRR strategy itself. Not only has David written the book on BRRRR investing, but he also continues to do BRRRR investing in his real estate career. This strategy is not only one of the best ways to get into real estate with low (or no) money down, it’s also a method that works on building generational wealth for you in the background.

Have a question you want David to answer on the next Seeing Greene episode? Submit your video submission at Biggerpockets.com/david.

In This Episode We Cover:

Whether you should refinance a BRRRR in your personal name or an LLC

Using agents or wholesalers to find your next BRRRR property

Why some markets simply won’t cash flow (and why that isn’t necessarily a bad thing)

The minimum cash flow requirements for a multifamily property

Hard money loans vs construction loans when performing a BRRRR

How to get financing when your property is not a traditional rental or commercial building

And So Much More!

Links from the Show

BiggerPockets Pro Membership

BiggerPockets Rental Property Calculator

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

BiggerPockets Podcast 487: 10 Common Real Estate Investing Questions Answered by David Greene

BiggerPockets Podcast 473: Quitting the Police Force, Wholesaling, & Buying Notes with David Greene\

Submit Your Questions to David Greene

Click here to check the full show notes: https://www.biggerpockets.com/show513

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512: From Losing $150k at the Blackjack Table to 7-Figure Profits in Real Estate Sep 30, 2021

Show notes

Back in 2004, Jude Bernard was sitting at a blackjack table in Vegas. This wasn’t his first game of the day, nor his second, or even his third. Jude had been sitting at that blackjack table for thirty hours straight. When the final game ended, he walked away, $150,000 poorer than he started. Jude then found the closest tattoo parlor, walked in, and got the phrase “never again” tattooed on his hand as a testament to his mistake.

Now, Jude runs a rental and flipping empire, settling for no less than seven-figure profits on his fix and flips. He also runs The Brooklyn Bank, a non-profit designed to help economically empower people of color in New York City. Through his earlier gambling mistakes, Jude realized that no matter what, the “house” always wins. So, he searched for a way that he could become the “house” in his environment, and the best way was through real estate investing.

Jude has built a very strong foundation for his real estate investing through taking calculated risks, nurturing his relationships, and letting his fears fuel his fire.

Jude is currently raising money to help the people of Haiti through their most recent natural disaster. Brandon and David have both pledged $5,000 each. To help out, even more, Brandon wants all listeners to know that If you donate $5,000 to The Brooklyn Bank organization, Brandon will host you in Maui! For full details please contact Matt@odcfund.com.

In This Episode We Cover:

Purchasing properties in very expensive markets (like New York City)

Building relationships with everyone you talk to, funneling more deals into your pipeline

Making sure every deal has a seven-figure upside (seriously!)

Using your greatest fears to propel you to the next level

Gambling addiction and the message behind why the “house” always wins

How the Brooklyn Bank is helping build a pathway out of poverty

How you can spend a week with Brandon and help support a great cause

And So Much More!

Links from the Show:

BiggerPockets Podcast 512: From Losing $150k at the Blackjack Table to 7-Figure Profits in Real Estate

BiggerPockets Podcast 455: Mixtapes to Millions in Real Estate with DJ Envy and Cesar Pina

The Brooklyn Bank

Brandon’s Maui MasterClass

Brandon Turner's Instagram

David Greene's Instagram

Matt@odcfund.com

donations@thebrooklynbank.com

Check the full show notes here: https://biggerpockets.com/show512

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511: Getting Your Market, Money, and Mindset Right | 3 Coaching Calls! Sep 28, 2021

Show notes

So many BiggerPockets listeners are out there killing it in the world of real estate investing. But, with growth and positive change comes more and more questions. On today’s coaching call, David Greene talks to Carly, Michael, and Katie about three different problems that present three specific solutions.

Carly is trying to weigh the risk of investing in a declining market, Michael wants to shake off the “agent shame” that comes with lead generating as a realtor, and Katie wants to power her growth with more revenue and more cash flow. Each of these real estate professionals is in a different spot: one is a small-time landlord, one is a new agent, and the other is a fix and flip veteran. Even with completely different investment plans, all three of these investors are able to find simple, meaningful solutions when talking with David.

The topics touched on in this episode include creating an investment strategy, house hacking, finding the right property managers, growing your confidence, purchasing commercial real estate, and more. If you want to get in on the next call with David, click this link to apply!

In This Episode We Cover:

Should you invest in an area with a declining population but great cash flow?

How to mitigate your investment risk by purchasing a house hack property

Using referrals to find your next property manager

Putting your clients best interest first and showing confidence

Starting businesses in different verticals that can empower your current business

Turning your biggest expenses into revenue generators

Taking advantage of using a Key Principle on larger deals

And So Much More!

Links from the Show

BiggerPockets Wealth Magazine

Simplisafe

The BiggerPockets Bundle Giveaway

Submit your Question for David Greene to answer!

BiggerPockets Find an Agent

Keller Williams

Amazon Prime

Check the full show notes here: https://biggerpockets.com/show511

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510: Work Less and Make More by “Working the System” w/ Sam Carpenter & Josh Fonger Sep 26, 2021

Show notes

As an entrepreneur, you may be used to putting in hours of work learning new tactics, skills, and strategies. Your business rests on your shoulders, and why wouldn’t it, you’re the one who built it from the ground up. While it’s a commendable feat to build a profitable business, it can also be a prison sentence for many “hands-on” entrepreneurs. This is how Sam Carpenter, author of Work the System felt as he put in 110 hours a week just to keep his business afloat.

Sam realized why he was working so hard without seeing results: there were no systems in his business. Once he started implementing systems and processes, he went from 110+ hour weeks to 2 hour weeks. The same happened with one of his students and now partner, Josh Fonger, who runs Work the System Enterprises where he helps business owners from over 50 countries scale their businesses with far less headache.

If you’ve ever felt that your business relies on you too much to take a day off, take a vacation, or simply work less every week, these are the two guys you need to talk to. Josh and Sam were kind enough to take three live guest calls on this episode’s recording to help with their specific business problems. As all the guests are real estate investors and professionals, much of the advice may translate to your business as well!

In This Episode We Cover:

Why a system doesn’t need to (and shouldn’t) be complicated to design and implement

Reducing your time, effort, and energy spent on work

Understanding which systems need to be fixed or removed entirely front our life

How to stop playing “whack-a-mole” with your business processes

Why so many businesses fall behind after improving

Creating a sustainable solution that gives you (the entrepreneur) maximum freedom

And So Much More!

Links from the Show

BiggerPockets Podcast

BiggerPockets Bookstore

Open Door Capital

BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors

BiggerPockets Books

BiggerPockets Podcast 137: How to Use Systems to Scale Your Real Estate Business with Sam Craven

Work the System Website

Click here to check the full show notes: https://www.biggerpockets.com/show510

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509: Cars & Cashflow: Manny Khoshbin’s Story from Homeless to $1B Sep 23, 2021

Show notes

If you scroll through Manny Khoshbin’s Instagram, you’ll see wealth, success, and a lot of very nice automobiles. You may look at his life and say “well, that must be nice”, but there is much more to Manny than Ferraris and private planes. A few decades ago, Manny was homeless, sleeping in a car with five other family members, simply trying to survive in America.

Manny’s dad wanted to protect his son from entering the military in Iran, so two weeks before Manny’s birthday, the family packed up and left for the United States. They were homeless for a couple of months but slowly were able to find jobs and scrape together some money. Manny worked at a swap meet, a K-mart, a multi-level marketing company selling snacks, and other various jobs.

As he was working he realized that the people driving the Porches, Lamborghinis, and Mercedes were all investing in real estate. After making money in his entrepreneurial endeavors, he bought his first commercial property. Now, two and a half decades later, Manny is sitting on a billion dollars worth of real estate. Oh, and did we mention he bought this all without syndicating?

In This Episode We Cover:

Manny’s “American Dream” story from immigrant to multimillionaire

Why commercial real estate is such a profitable investment

Value-add opportunities and flipping commercial real estate over the span of a few years

Which real estate industries are on the downward trend (and which to invest in)

The steps new real estate investors should take to make it big

Why Manny’s luxury cars are an investment, not just toys

And So Much More!

Links from the Show:

Books Mentioned in this Show:

Trump: The Art of the Deal by Donal Trump

Manny Khoshbin’s Contrarian Playbook by Manny Khoshbin

Driven: The Never-Give-Up Roadmap to Massive Success by Manny Khoshbin

Check the full show notes here: https://biggerpockets.com/show509

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508: How to 10x Your Deal Flow Using "Evergreen Content" Sep 21, 2021

Show notes

It’s tough out there. Between investors, agents, and wholesalers, everyone you know wants to get a home under contract. So what do you do when there is an influx of buyers and the same amount of sellers? Start building systems that can beat out your competition and will flow deals directly to you for years to come! Now we know what you’re saying, “I wish that were possible”, but it may be easier than you think.

Trevor Mauch, founder of Carrot, spent years manually chasing after deals. Cold calling, door knocking, direct mail, and every other method you can imagine; he's tried it. While these strategies work great for many people, they’re labor-intensive and incredibly hard to scale. Trevor looked at the marketing he was doing that WASN’T outbound and realized it wasn’t only creating leads for him, but doing so while he slept.

He then started building out Carrot, which helps set up agents, investors, wholesalers, and anyone else who wants off-market deals with websites that convert consistently every day. What sets apart Carrot from most “we buy houses for cash” websites is their “evergreen content” production. This content ranks you higher on google, gets sellers and buyers reaching out to you, and allows you to do less work and close on more deals.

Learn more about how to make this happen at carrot.com/pockets

In This Episode We Cover:

Getting out of the “hamster wheel” lead generation work

Outbound vs. inbound marketing and which requires less work from you

Why social media isn’t enough in this heavily digital age

Building your “authority hubs” so sellers or buyers can trust your business

Focusing on locations and niche markets to find more buyers and sellers

What Trevor thinks will happen in the housing market over the next few years

And So Much More!

Links from the Show

EP 246: How to Double Your Commissions Without Doubling Your Team w/ David Greene of Bigger Pockets [HYBRID Part 1]

Zillow

Carrot Software Company

How to Get More Motivated Seller Leads (with no paid ads) Using 1 Proven, Simple Marketing Strategy (Free Live Workshop)

Check the full show notes here: https://biggerpockets.com/show508

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507: Sacrifice, Failure and Pain, A 100 Days of Hell Success Story w/The Iron Cowboy Sep 19, 2021

Show notes

Finishing a triathlon is a grueling achievement, only accomplished by those who are in peak physical and mental condition. Once finished, the top of the top go on to train for an Ironman, arguably the toughest triathlon on the planet. One hundred and forty miles of pain and pressure, broken up into a two-mile swim, a one hundred and twelve-mile bike ride, and a twenty-six-mile run. This is not a race for the faint of heart, and if you can finish just one, you have bragging rights forever.

What would it take for someone to finish not one ironman, not two, not ten, not twenty, but 100 consecutive Ironman races, back to back? Wake up, swim, bike, and run over one hundred and forty miles, go to sleep, and do it all over again. That’s what James “Iron Cowboy” Lawrence did, smashing through world records and personal goals.

James sits down with Brandon and David today to talk about mental toughness, creating goals that scare you, gradually working your way up to mastery, and asking “what am I willing to sacrifice to reach the end?” James had to run a business, take care of his seven-person family, and compete for more than a quarter of a year straight. If he can conquer one of the greatest physical and mental feats the world has ever witnessed, what’s stopping you from accomplishing your goals?

In This Episode We Cover:

Pushing yourself past the limit to see what you’re truly capable of

Breaking multiple world records and developing mental toughness

Why your goals should scare you enough to pursue them

Why you don’t need to 10x your output and the importance of small steps

Finding what you’re willing to sacrifice to reach your goal

Why every great athlete, entrepreneur, and leader needs a rockstar team

Choosing the person who “doesn’t break” under hard circumstances

And So Much More!

Links from the Show

BiggerPockets Podcast

BiggerPockets Bookstore

Open Door Capital

BiggerPockets Perks

BiggerPockets Podcast 485: Atomic Habits That Help You Achieve Unthinkable Success w/ NYT Best Selling Author James Clear

BiggerPockets Books

James “Iron Cowboy” Lawrence's Website

Click here to check the full show notes: https://www.biggerpockets.com/show507

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506: Achieving Financial Freedom Through Small Multifamily Investing Sep 16, 2021

Show notes

Financial freedom is attainable for all of us, but how fast we reach it differs greatly. You may be making $100 profit per month on each single-family home you buy, but what if you could multiply that profit? A duplex becomes $200 per month, a fourplex, $400, and a 16 unit apartment will net you a solid $1,600 per month. Now, it’s not a goal of buying 50+ single-family homes to reach financial freedom, it’s buying 10 or so small multifamily investments.

This simple mindset tweak can change your life and investing career forever, it certainly did for Brandon Turner, host of The BiggerPockets Real Estate Podcast and author of The Multifamily Millionaire. This pre-recorded webinar walks through the key benefits of investing in small multifamily, how to find and finance deals, risks to look out for, and scaling so you can go full-time in real estate.

There are tons of tips, tricks, and free giveaways (including discount codes) throughout this episode, and if you’re looking for visuals, head over to the BiggerPockets Youtube Channel to see the full slideshow!

In This Episode We Cover

How to reach financial freedom through small multifamily investing

The four key benefits of investing in multifamily properties

How to find deals (even if you live in an expensive area)

How to analyze your multifamily deals using the BiggerPockets Calculators

Financing your deals using FHA loans, conventional loans, and seller financing

Risks and dangers to look out for in your next deal

And So Much More!

Links from the Show

BiggerPockets Pro Membership