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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:

474: How this Busy Mom of Three Bought $75M of Real Estate w/ Pili Yarusi Jun 03, 2021

Show notes

Letting go of something successful isn’t easy, but what if you know it’s costing you your dreams? Today we talk to mother, real estate agent, and massive multifamily investor, Pili Yarusi, about doing what it takes to stay focused, engaged, and on top of your life.

Pili moved out to New York from Hawaii with dreams of becoming a star in theater but ended up working as a bartender. Lucky for her, bartending is where she met her husband and future business partner. Together, they started flipping houses, which taught her not only to systematize investments but also to use her creativity in an efficient way. She and her husband later expanded into wholesaling.

Pili knew something was missing and she wanted to focus more on growing a multifamily portfolio. With help from some mentors, she realized that the main thing holding her back was her current (and very successful) flipping and wholesaling business. She closed both businesses, got herself systematized, and went head first into multifamily.

Now this homeschool teacher/mom is sitting on $75,000,000 in real estate, totaling in at 850 units. No small number by ANY means! She gives some incredible advice on what new investors need to do before they can reach their goals of owning big portfolios.

In This Episode We Cover:

Limiting your creativity (in a good way) when doing flips and rehabs
The 4-3-2-1 principle and waking up with A.L.O.H.A
Identifying as the person you want to become, and letting go of less useful identities
The right (and the wrong) way to train employees and build a team
506b vs 506c syndications, plus what to know if you want to start one
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show474

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473: Quitting the Police Force, Wholesaling, & Buying Notes with David Greene May 30, 2021

Show notes

There is only one man on the podcast today that has a beard, and no, it’s not the guitar-playing, surfing, 7-foot tall one. David Greene is “seeing Greene” in this episode and gives new and experienced investors advice and answers on their questions. We go through a range of subjects from real estate notes, quitting a W2, scaling, and whether or not to start a property management business.

With David’s experience as a W2 police officer, agent, broker, investor, and lender, he can give all kinds of great answers related to real estate. So whether you’re a newbie trying to get your first deal done or an experienced landlordclosing on a new house every week, there is probably some question David answers that can help you out!

All of these questions have been asked by BiggerPockets listeners either via video or from Facebook. If you weren’t able to get a question answered by David this time, you can submit a question at this link.

In This Episode We Cover:

Purchasing a property from a wholesaler
How to place properties under an LLC once purchased
Is land worth pursuing or should you stick to properties?
When is the right time to quit your W2 and pursue real estate
Can you 1031-exchange a flip into a buy and hold rental?
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show473

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472: Here’s What You SHOULDN’T Do When Long-Distance Investing May 27, 2021

Show notes

Nick Lamagna wasn’t planning on getting into real estate investing. When he finished college he knew that he wanted to go into law enforcement to help with counter-terrorism. He scored well on all the tests needed to be a great candidate for his dream job, but when he suffered a permanent hand injury, he was disqualified from working in law enforcement.

During a period where Nick didn’t know what he was going to do, his mom forced him to read Rich Dad Poor Dad, which (like many of our listeners) changed his view on making money and having a career. After the initial interest was sparked, Nick started tackling real estate deals outside of his native state of New York.

He faced challenges with getting mortgages, so he partnered with other real estate investors. He needed more cash, so he started wholesaling. The 2008 housing market crash happened, so he decided to start flipping. And now, Nick is going into bigger deals like commercial real estate and mobile home parks.

Nick’s advice to new investors: think creatively, get comfortable with being uncomfortable, be in constant contact with your team, and don’t stick to one strategy.

In This Episode We Cover:

Long-distance real estate investing when your local market is too expensive
Building a buyers list for wholesaling and networking
Partnering with others who can finance real estate purchases
Why communication is key when doing long-distance renovations
Turning your weaknesses into your greatest strengths
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show472

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

471: What Michael Jordan and Kobe Taught Tim Grover about "Winning" May 23, 2021

Show notes

We like to think that we have a lot of winners on the BiggerPockets Real Estate Podcast, whether they are in real estate or not. We may have one of the biggest winners on today's show. Tim Grover, trainer to Michael Jordan and Kobe Bryant joins us to talk about overcoming adversity, developing a winning mindset, finding what makes you fail, and his new book, accurately titled Winning: The Unforgiving Race to Greatness.

Tim argues that one of the hardest things to succeed in is business since there are so many factors that influence success. When you own or run a business, you’re constantly being thrown curveballs (like a global pandemic tied with government shutdowns). So how do you succeed when there is a constantly changing game plan? You adapt, you overcome, and you mitigate failure.

These are the exact lessons that Tim taught to his high-profile clients, like Michael Jordan and Kobe Bryant, arguably the two greatest basketball players of all time. Before MJ and Kobe became the best, they had to master being average, then being good, then being great. So many people want to take shortcuts to greatness, not understanding that mastering those different levels is what truly puts you on a different stage than those who master the average level and give up.

In This Episode We Cover:

What really holds people back when they say they want something
Focusing on recovery and health before trying to up your abilities
Becoming a constant reminder to others to win and shoot for success
How to stop performing with emotion and start performing with energy
Stop confusing “finishing” with “winning”
Struggling with balance when succeeding in your career, family life, or anything else
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show471

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470: The 7 Tips @investorgirlbritt Used to Go from Amateur to Pro Investor May 20, 2021

Show notes

There has been a great feud between Brittany Arnason and Host of the BiggerPockets Podcast, Brandon Turner. Both of them have done lots of renovations on houses, secured millions in funding, and live right next to the beach in Maui, but only one of them has won a “quickest person to get to 200,000 followers on Instagram” battle. We’re happy to have the winner on our show as a guest today!

Brittany started out her real estate journey when she was 18 years old, buying her first rental property and tackling a multitude of different DIY projects. If you haven’t heard her story, you can check it out on episode 320. Now she’s back to talk about how she moved to Maui, hired out her employees, secured funding on commercial deals, and used social media to get her deals and connections.

Her biggest advice to new investors, “jump in before you’re ready”. You won't ever have all the answers, but those who get started will finish far ahead of those who always dream about being an investor. You can also help ease the stress and unforeseen speed bumps by getting in groups with other investors, following those you look up to on social media, and becoming a resource for future mentors.

In This Episode We Cover:

Using social media to find deals, mentors, employees, and friends
Generating leads in unorthodox ways
Fighting back against imposter syndrome and seeing your strengths
Getting super cheap interest rates when closing on commercial mortgages
Why the bigger deals tend to be the more passive ones
Why whatever you believe can end up being true
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show470

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

469: Why Do Investors Lie to Themselves? +More Audience Q&A (Part 2) May 16, 2021

Show notes

We interview a lot of great guests on our Sunday episodes of the BiggerPockets Real Estate podcast, but we rarely hear from agents, investors, and BiggerPockets listeners who are in an early stage of real estate success. Both Brandon and David know what it’s like to be grinding, day in and day out, to get your real estate business off the ground. That’s why they’re here today to answer questions from live listeners about mindset, mentality, and growth.

We talk to Brody, Joseph, Wale, and Mike, all in different stages of their real estate journey, and all very committed to success! You’ll hear questions like:

If given the chance to go back, what would Brandon and David do differently?
What deserves more emphasis, mindset or skill set?
Is it okay to explore different opportunities at an early stage of investing?
How to find balance when SO many opportunities are exciting?
How do you make time for family, a job, side businesses, and real estate?
Why do investors lie to themselves?

Thanks again to our guests for coming on and throwing such great questions at Brandon and David!

In This Episode We Cover:

Leaving your W2 job to pursue real estate and other opportunities
How to harness your mindset to grow your specific skill set
The power of house hacking, and how it pushes your portfolio forward
Scaling bigger and faster (even if it’s scary)
Developing the ability to adapt, so you can survive any situation
How to stop making promises that you’ll fail to uphold
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show469

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

468: You Asked, Brandon and David Answered: Real Estate Q&A (Part 1) May 13, 2021

Show notes

Last time we did a live Q&A, fans from all over came on to ask questions to Brandon and David. Now we’re back, answering the questions that BiggerPockets Real Estate Podcast fans have on their minds. We’ll go over a handful of questions, all from different investors in different parts of their real estate journey. Questions include:

How can investors offload their unwanted properties to charities?
How do I stop analysis paralysis even after so much research?
Is it a good idea to buy in an area with a falling population?
What metrics should I look for when scaling my portfolio?
What’s the best niche to build wealth fastest?
Plus other commonly asked questions

Thanks again to our guests Nicole, Michael, Ryan, Owen, and Emily for throwing their great questions at Brandon and David!

In This Episode We Cover:

The biggest regret that most real estate investors have
Scaling to bigger and better deals (with higher unit counts)
Finding a mentor who can push you to accomplish BIG deals
Using other people’s money to build your real estate portfolio
The best niches for newbie investors to start out in
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show468

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

467: #1 NYT Bestselling Author Adam Grant on the Need to “Think Again” May 09, 2021

Show notes

Everyone wants to be right all the time. We have so many preconceived notions running through our heads at all times, and we always think that we’re the ones standing on the right side of history. What if that train of thought was secretly pushing you to failure, or even death? Adam Grant argues this point in his book Think Again.

Adam hypothesizes that the main reason so many businesses, relationships, and experiments fail is because those in them tend to be locked in on one view. How many times have you been in a fight with your partner where you realize you maybe wrong, but also realize it would be worse to back down from your original stance?

This is how businesses like Blockbuster and Blackberry slowly faded away while the likes of Apple and Microsoft flourished. Adam talks through some of the best (and worst) moments in business history when companies thought they were too big to fall. The same goes for political candidates, social movements, and almost any other type of human-to-human interaction. The one way you can be sure you’re coming out with the right conclusion? Think like a scientist!

In This Episode We Cover:

The preacher, prosecutor, and politician mindsets
Valuing humility over pride and stopping your ideas from becoming your identity
How ego, image, and regret play into the way we act
Blackberry vs Apple and how Steve Jobs made the right decision
Why you should give people FEWER reasons to back up a proposal
Why “super forecasters” will never let a bias persuade them
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show467

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

466: Buying “Lottery Ticket” Investment Properties with Alan Corey May 06, 2021

Show notes

Alan Corey has had an interesting career to say the least. He’s been an IT worker, a comedian, an author, a real estate investor, and even a reality TV star. Alan has always been fascinated with making passive income in a frugal, but very intelligent way. He’s so frugal in fact, that he made up a crazy story to be on the Jerry Springer show, just to get a free trip to Chicago out of it. Talk about being committed!

Alan’s real estate story starts off with buying a 1 bedroom apartment in Brooklyn, New York, hanging up a curtain in the living room, and house hacking. He then repeated this strategy over and over again, becoming a millionaire before 30 years old, with a lot of property and “good debt”. Alan is part of the FIRE (financial independence retire early) community, but instead of investing mainly in stocks, he does so in real estate.

His strategy is simple: buy a rental property for every bill you have, then start inventing “fun bills” as excuses to buy more rental property. Whether you’re looking to pay off your phone bill every month, or finance your brand new Tesla, this strategy will work for you. Alan also “hides money from himself” so he can be better off in the future. Right now he’s sitting on around $8,000,000 of real estate solely from his own investments.

His new book House FIRE teaches you everything you need to know about retiring early with real estate!

In This Episode We Cover:

Chasing financial independence and early retirement with real estate
Taking on “good debt” so you can grow you real estate portfolio faster
Thinking of each property you buy as a “lottery ticket”
Alan’s books: A Million Bucks By 30 and House FIRE
The danger of high-interest consumer debt (like credit card debt)
Seller financing and zero cash-flow triple net leases
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show466

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

465: How Ryan Serhant Uses "Big Money Energy" To Make Millions May 02, 2021

Show notes

If you don’t feel amped up to accomplish your goals, you definitely will after this episode. Today we talk to real estate agent, entrepreneur, author, and Million Dollar Listing New York star, Ryan Serhant. You’ve probably seen Ryan selling ridiculously nice (and expensive) homes on TV, but today you’ll be the private audience to hear his backstory, his work ethic, and how he developed his big confidence.

Ryan moved to New York to become the next big star in theatre, but after seeing the financial position of those “successful” actors he looked up to, he made a pivot. Ryan got his real estate license and started listing apartments to pay his bills, but was given a golden opportunity when an foreign buyer specifically chose him to find her next multi-million dollar home in New York City. Ryan still remembers the lack of confidence he felt when he got the listing, and knew the only thing to do was educate himself and practice his pitch. Long story short, he helped the buyer find her dream home, and the rest is history.

You’ll hear Ryan talk about the importance of confidence, not only in this podcast, but in his new book Big Money Energy. Brandon and David both agree with Ryan on how important, and often undervalued, having confidence is. Not just confidence in your work, but confidence that you’ll be able to accomplish the most challenging tasks you set for yourself!

In This Episode We Cover: