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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:

434: How HGTV’s Scott McGillivray Started a Real Estate Empire with No Job, No Money, and No Experience (Part 1) Jan 14, 2021

Show notes

Do you like watching home improvement shows such as Income Property, Vacation House Rules, and Buyers Bootcamp? If so, you’re in luck! Joining us on the podcast is HGTV host Scott McGillivray! Scott has been hosting some of the best real estate investing and construction shows for over a decade now, and if you like BiggerPockets, you’ve probably seen an episode of one of Scott’s shows!

Scott’s investing career started long before his TV network deals. As a student in college, Scott accidentally stumbled upon his landlord’s mortgage statement of account. He realized that him and his roommates were paying a few hundred dollars over what their landlord was paying monthly for a mortgage. That was the lightbulb moment for Scott. It was time to get into real estate investing.

While in college with no job, very little money, and no experience, Scott bought a house and moved out of his rented room. Now he wanted more. Over the next few years Scott started amassing more and more rentals, taking as many financing options as he could get his hands on. By the time he was 25, he already had 25 units and a significant amount of profit coming in every year.

This only pushed Scott to strive for bigger and better deals. Now Scott owns hundreds of rentals, and spends his time between Florida and Canada, finding more deals, and fixing up more rentals.

Scott is a tried and true investor, one who has gone through different market swings, different fads, and many different tenants. While he’s only in his early 40s, he has amassed an extensive knowledge of the real estate space. It’s no surprise he’s one of Brandon’s real estate heroes!

If you liked this episode be sure to tune in this weekend for part 2 of Scott's interview!

In This Episode We Cover:

When is the best time to get started in real estate?
Why most people are scared to invest, and what pushes them to finally do it
Amassing a small real estate empire even while you’re young
How to take advantage of financing offers and how Scott closed on 8 houses in the same day
Why you need to give your investing career time to start rolling
What a “double offer” is, and how you can use it to beat others to a deal
Why you should take action even when the market is uncertain
The ScottMc Method
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show434

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433: You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses Jan 10, 2021

Show notes

You may have heard a speech from Ed Mylett (AKA the greatest speaker of today) sometime before this episode, but maybe not like this. For those who don’t know, Ed Mylett is a renowned speaker, entrepreneur, real estate investor, author, and podcaster. He has started businesses worth millions and continues to teach entrepreneurs through his personal brand.

What many people don’t know is how much Ed loves real estate. That’s right, you heard it first on BiggerPockets! It’s not the speaking, writing, and podcasting, it’s owning cash flowing properties. As a matter of fact, he just closed on one recently with his son and did an astonishing $100 million in real estate deals in 2020.

Ed emphasizes the importance of faith, generosity, and most importantly, setting your life at a high standard. These seem to be the key thought processes that many other successful entrepreneurs have, and again proves Ed’s point on their importance.

It’s not easy being in real estate, especially when the deals get big (we’re talking $25M+ deals). Ed cautions young investors to not bite off more than they can chew, or as he puts it “don’t take a loss where you can’t fight again”. In a world full of mega-leveraged investment opportunities, this might be the advice new investors need to feel confident going forward.

This episode also dives into the importance of having a purpose, whether related to faith or not, and how you need to chase the life you want, set your standards high, and do the most impactful things to accomplish them.

Links from the Show

Books Mentioned in this Show:

#Maxout Your Life by Ed Mylett
E-Myth by Michael Gerber

Click here to check the full show notes: https://www.biggerpockets.com/show433

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432: From $0 to $1,000,000 in 5 Years: The 4 Steps to Gain Millionaire Net Worth with Brandon and David Jan 07, 2021

Show notes

Everyone wants to be a millionaire, and if you’re listening to this episode, you probably want to be one as well! With so many online gurus trying to sell their secret to success, it can be hard to distinguish the real from the...not so real.

On this episode, we’re lucky enough to have two millionaires with us! Brandon Turner and David Greene! Brandon and David have compiled a list of 4 traits that all millionaires possess, and if you can possess these traits too, you’ll be on your path to millions. These millionaire traits aren’t just exemplified in Brandon and David, these traits tend to be universally consistent across self-made millionaires.

This episode will also touch on mastery and how you can not only achieve it, but refine it using the 4 stages of mastery. Stuck on a deal, don’t know where to go next in your career, thinking of jumping ship on a project? List down these 4 stages and see where you stand, you’ll be able to see what you need to do to go on to achieve greater mastery in whatever you’re interested in.

Since it’s the start of the year, it’s a great time to look forward with not only hope, but a plan. Take your existing plan and see where these traits and stages fit into your life, where you’re lacking, and where you can do better. This is how you’ll achieve success and the coveted millionaire status.

In This Episode We Cover:

What sets apart millionaires from those chasing millions
The 4 common traits of a millionaire
Developing your crystal clear criteria for investing in real estate
The importance of raising standards over time to achieve more
Why tracking your personal AND business life can merge to benefit your entire life
The 4 stages of mastery that will make you into a millionaire
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show432

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431: How to Make Trade-offs in Your Life (Before Others Do it For You) with Greg McKeown Jan 03, 2021

Show notes

Your agent is calling you to show you houses, your boss is emailing you about some work to do, your partner wants to grab dinner, and you want to take a nap. How do you prioritize things in your life when everything seems so important? The key is essentialism.

Joining the podcast today is Greg McKeown, Author of Essentialism: The Disciplined Pursuit of Less. Greg relates to the struggle of many entrepreneurs and investors: too many options, not enough time. Instead of telling you to wake up at 5 AM, take a cold shower and work until 10PM, he presents a far more effective (and simple) approach.

What Greg suggests: pick the things you care most about, do them, and don’t worry about the rest. But how do you pick when everything seems essential?

The answer: almost everything else besides your core cares/needs aren’t essential. If you begin to treat the non-essential as essential, you stretch yourself too thin, not allowing you the time to accomplish what truly is...essential.

In the modern age, many of us feel like we don’t have time to accomplish everything we want. When we get laser-focused and put the principles of essentialism in our daily lives, we can accomplish more than ever.

In This Episode We Cover:

What is essentialism?
How to designate the non-essential from the essential tasks
Why having too many good options puts us in a dangerous position
How to find out which tasks deserve delegation or deletion
Developing the courage to say “no”
Finding an accountability partner so you’re locked in for success
Why Brandon wants to spend less time on Tiktok
And So Much More!

Links from the Show

BiggerPockets Podcast
BiggerPockets book store
Essentialism book Website
StickK App. How to turn goals into a reality

Click here to check the full show notes: https://www.biggerpockets.com/show431

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430: Best of 2020: Brandon and David’s Favorite Pieces of Advice from 2020 Guests Dec 31, 2020

Show notes

Another year of the BiggerPockets Real Estate Podcast is in the books! This time, we’re joined by co hosts, David and Brandon, live from the Sea Shed in Maui!

We’ve had such a fantastic group of guests this year, so to help ease into 2021, David and Brandon picked their 7 favorite clips from the whole year. You’ll hear from familiar faces like Tarl Yarber, Thach Nguyen, and other real estate rockstars.

This episode doesn’t just touch on real estate, we also go into how many real estate professionals made personal growth a priority when accomplishing their goals, all while enjoying their life more.

If you’re ready to expand your business, get more units under contract, or begin your first house hack, this advice will be crucial for your personal, business, and real estate success in the coming year. It has certainly helped out Brandon and David!

Thanks again for joining us this year, we look forward to interviewing even more amazing guests in 2021 (and beyond)!

In This Episode We Cover:

Why certainty is often more expensive than risk
Why integrity in the present is worth so much more for your future
Staying focused on the long-term perspective for consistent success
The importance of peace of mind when investing in real estate (and other assets)
Why you need to build a business around your life (not the other way around)
How to commit even when you don’t have all the pieces needed
Why you always need to keep your expenses low (if you want to escape the rat race)
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show430

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429: Pursuing Self-Sovereignty and Why Life is More Meaningful When It’s Hard with Ryan Michler Dec 27, 2020

Show notes

How many times has something happened in life where we blamed someone besides ourselves for the outcome? Didn’t get a promotion: it’s your bosses fault for being greedy! Ran late to work: it’s all the other drivers faults, not yours! Investment property having problems: it’s the tenant doing all the damage!

Ryan Michler, founder of the Order of Man, sees this sort of victim mentality as a massive block to our full potential. He makes the well-put point that all we can do is control our effort, we can’t control others.

This realization didn’t come easy, though. Ryan realized this after a tough fight with his partner, leading him to reevaluate not only their relationship, but the way he shifted blame on others, in an unhealthy way.

Now Ryan interviews the men that he looks up to on his own podcast, all while running his organization/brotherhood of those part of the “Order of Man”.

It’s not easy to stay humble and calm all the time, especially in the state of our current world, but Ryan does as good of a job as any to remind us all that our future is in our hands, and all we can do is try our best, consistently.

In This Episode We Cover:

Why we all need to practice humility, ownership, responsibility, and sovereignty
The importance of having a “servant’s mindset” even as a business owner
How to constantly add value to whatever you do in life
Why we should shift our focus to our efforts and not other’s efforts
Why having children makes you want to be better and push harder
The importance of owning and running a business, even at a young age
Dropping the “I” and using the “We” when leading a team
Why “the win” is simply “playing the game”
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show429

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428: Using Simple Conversations to Get Deals Others Can’t with Investor Rodney Ross Dec 24, 2020

Show notes

Rodney Ross didn’t have the most gracious entrance to the real estate space. He bought a house while in college, with only $8,000 down and not a lot in the bank. The house ended up getting de-authorized for tenants to live in so Rodney had to go back on his loan. Game over right? Time to give up? Not for Rodney!

While finishing college, Rodney decided to take it a bit slower, getting his real estate agent license so he could build up the capital to buy rentals. He’s been an agent, a wholesaler, a general contractor, and a buy and hold investor. If it’s happening in real estate, Rodney probably knows about it!

Unlike many new (and even experienced) real estate investors, Rodney took the time to nurture leads, have meaningful conversations with sellers and buyers, and found that by having some basic empathy for the other party, you’re more likely to close deals.

This strategy seemed to have worked, in a decade since his first deal, Rodney now has around 20 cash flowing units, and he’s looking for more!

Using the 203k loan, Rodney has been able to get homes at a discount, finance the repairs, and get them rented and refinanced, kind of like a speciality BRRRR. This episode proves that if you care about real estate, care about your partners, and are willing to take risks, it will truly pay off.

In This Episode We Cover:

How to get back up after a frustrating investment
How knowing about construction timelines and projects can help you get comfortable enough to do your first rehab
Why mixed use properties are often an overlooked real estate class
The importance of defining your role with your partner
How to talk to buyers so they’ll choose you over other offers
Why it’s so important to look out for the other real estate parties in a deal
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show428

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

427: The 12 Week Year and The Danger of Long-Term Goal Setting with Brian Moran Dec 20, 2020

Show notes

We’re joined today by author, consultant, and entrepreneur Brian Moran, author of The 12 Week Year. Brian holds a view that many BiggerPockets listeners subscribe to: you are more capable than you think. Through short term sprints, Brian has found that we can all accomplish long-term goals, regardless of the difficulty.

This isn’t just a strategy that works for real estate, this works in any industry. Brian has consulted with every kind of business, and the results speak for themselves. Regardless of job type, business type, or industry type, the 12 week yearhelps you accomplish more by doubling down on what you need to do most.

Brian also talks about the danger of long term goal setting, and even annual goal setting. It isn’t that long term goal setting doesn’t work, it’s that it presents us with a long time frame to accomplish something we could do far quicker. That’s how the 12 week year kicks our “unproductive mindset” to the curb, and gets us fired up to do great things sooner.

Many investors find it hard to break out of their comfort zone, do the things that they find hard, or even just feel motivated. The crucial part of finding success wherever you need it? Take action, start today, track, plan, and re-plan when needed. You’ll soon find that you’re fired up about things that used to seem scary!

In This Episode We Cover:

What the “12 Week Year” really is
How short term goal setting can help you accomplish your biggest goals
Why you need to shift focus to executable tasks
How to get tactical on your goals and what you can do to accomplish them
Leaning into hard things and shying away from comfort
The importance of “vision work” and knowing where you’re headed
Holding yourself accountable for what you want most in life
How repetition forms competence and competence forms confidence
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show427

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426: Using the “Sunflower Method” To Buy 18 Properties in Just a Few Years with Teacher Jon Wooten Dec 17, 2020

Show notes

Many new investors find excuses for why they can’t buy properties. Either they don’t have the money, the deals, or the experience. Our guest today, Jon Wooten, had none of these three, but found a way to acquire 18 units (and become financially free) in only a few years.

By asking questions and sticking out to the local real estate investors, Jon was able to acquire valuable experience, all while gaining equity in his rental properties. Jon has his own method for finding deals and acquiring wealth, called the “Sunflower Method”, which has helped him get to the point he is at.

Now, financially free at 28, Jon has the ability to choose whether he wants to work, which projects to go after, and how he wants to spend his time. This isn’t a far away goal that only the rich and well connected can get to, it’s available for all real estate investors!

You may be working a minimum wage job, stuck in a career you want out of, or have debt. Jon shows that all of these can’t stop you from acquiring wealth!

How do you find houses? How do you find a mentor? What’s the best way to find a quality handyman? How can you make sure a house is being inspected properly. All these questions and more are answered in this episode!

In This Episode We Cover:

How to find a mentor AND get your first rental
Why you should make it an effort to get to know your local real estate investors
Why self-managing is a great way to gain experience
How to get seller financing on a rental (and who to ask for it)
Why you should call “for rent” signs
What the “Sunflower Method” is and how it builds wealth
The best way to find a quality (and inexpensive) handyman
Fake cash flow vs Pure cash flow
How to properly inspect a house before you make an offer
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show426

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

425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy Dec 13, 2020

Show notes

On last week’s episode, we talked to Dan Sullivan, author of Who Not How. This week, we’re joined by his co-author, Benjamin Hardy. Benjamin has spent the last few years getting his PhD in organizational psychology, writing books such as Personality Isn’t Permanent and Willpower Doesn’t Work. These tie perfectly into his new book Who Not How, and will help you get to the business, personal, fitness, or other goals you’re trying to reach.

Benjamin goes through why things like willpower and effort are often misunderstood, and how they can be used as tools to get you to your goals, but they aren’t the path. Benjamin walks us through why so many entrepreneurs get “decision fatigue” and why situations often rule over people, not the other way around.

Benjamin presents a very unique view on shaping your future, one that isn’t often talked about in the self-help and business space. With many entrepreneurs feeling stressed, fatigued, or just confused, Benjamin’s advice offers not only a practical, but tangible way to accomplish what you want and do better in your business and personal life.

We also double down on the importance of hiring people who will make your life easier, not just for your sake, but for theirs as well. Plus, Benjamin shares one of the most important hires you can make that will help you clear hundreds of hours off your calendar.

This episode isn’t just about why you should hire an employee. It’s about how you designate your time, and ultimately your life. As Benjamin says “Your future self is more important than your present self”, and for good reason!

In This Episode We Cover:

Why willpower doesn’t work in the way many people think it does
Why situations are often more powerful than people
How to remove “decision fatigue” and stop it from plaguing your life
How to find the right “who” for your organization and life
Defining your crystal clear criteria for your future self and the roles of others
How to be the right “who” for someone else’s “how”
Applying behaviors so your identity can follow
Focusing more on getting your “$10,000 tasks” done
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show425

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