BiggerPockets Video Podcast

Latest Episodes:

BiggerPockets Podcast 391: Your Real Estate Questions Answered, Live! with Brandon, David, and BP Nation Jul 16, 2020

Show notes

Live calls, Dave Ramsey style!

In this episode we open up the phone (er, Zoom) lines to take audience questions on everything from "should I flip or hold this deal" to "Coronavirus cost me my job... how can I invest now?"

Brandon and David offer also advice on house hacking, Home Equity Lines of Credit (HELOCs), appraisals, and the pros and cons of tapping a retirement account to jumpstart a real estate investing career.

We'll be back to our regular programming next week... but let us know what you think of this format. And if you've got 30 seconds to leave us a rating and review in Apple Podcasts, we wouldn't be mad at that either.

Click here to listen on BiggerPockets.

BiggerPockets Podcast 390: 7 Figures from ONE Deal with Leka Devatha Jul 09, 2020

Show notes

From fashion design work in India, to a corporate career with Nordstrom... to leaving that career to flip 40+ houses in 6 years – all in one of the hottest markets on the planet!

Seattle investor Leka Devatha has quite a story to tell, and a lot of hard-won wisdom too! From her 6 tips for finding and keeping great contractors, to the exact criteria she uses when looking for a flip opportunity, Leka spills the beans and outlines a framework you can apply whether you choose to flip, BRRRR, wholesale, or buy and hold.

We cover a crucial tax tip for anyone hiring a contractor, ever. Leka shares an unexpected silver lining brought on by the pandemic. And your mind will be blown when she tells how a "cosmetic" flip opportunity morphed into 3-year odyssey and wound up rewarding her with a 7-figure (yes, 7-figure) payday.

Give Leka (pronounced "LAY-kuh") a follow on Instagram and let her know if you appreciate this episode... and make sure you subscribe to the show in your favorite podcast app, so you won't miss the next one.

Click here to listen on BiggerPockets.

BiggerPockets Podcast 389: He Changed His Strategy & Is Now Making $1M/Year! With Mike Simmons Jul 02, 2020

Show notes

Are you tired of toiling in the trenches... and ready to run a business that cranks out profits without your constant involvement?

That's what today's guest has managed to do! In this episode, Michigan-based investor Mike Simmons shares exactly how he went from moderate success to $1 million in annual profit.

You'll learn why Mike switched gears from flipping to wholesaling real estate, what he's learned from spending hundreds of thousands of dollars on various marketing channels, and the four-point checklist you must use when considering any kind of partnership.

Ultimately, expert marketing tactics are fine and well. But to scale, you've got to master leadership and hiring—topics Mike covers in great detail here and in his new book, Level Jumping.

So pick up a copy (see link below), and share this episode with a friend, family member, or fellow investor who you think would enjoy it!

Click here to listen on BiggerPockets.

BiggerPockets Podcast 388: The 7-Step “Playbook” for Scaling Your Real Estate Business With AJ Osborne Jun 25, 2020

Show notes

Do you dream of stepping back from the day to day and working on your business rather than in it? Of course you do!

AJ Osborne has achieved that goal—and having experienced a harrowing health emergency that incapacitated him for months (see show 286), this Boise, Idaho, investor is ultra-qualified to discuss the value of documenting, delegating, and streamlining your real estate business so it can run without you.

AJ owns and operates over 1 million square feet of self-storage. Today he breaks down the seven-step process he uses to improve operations, unlock hidden value, and scale fast.

If you’re thinking, “I don’t do deals that big,” rest assured: AJ reveals that he actually lost money on his very first deal but gained a ton of wisdom, which he’s generous enough to share with us today—and which applies across the board.

Plus, AJ shares a tip on financing deals that may totally cha nge the way you think about growing your portfolio!

Check him out, and pick up a copy of his book, The Investor’s Guide to Growing Wealth in Self-Storage: How to Turn a Real Estate Asset into a Thriving Business.

Click here to listen on BiggerPockets.

BiggerPockets Podcast 387: Time Freedom Through 7 Deals in Her First 3 Years With Megan Greathouse Jun 18, 2020

Show notes

On today's show: the massive impact of just a few flips and a few small multifamily rental properties.

Starting in 2017, that combination allowed our guest Megan Greathouse to step aside from her W-2 job (her husband still works) and spend much more time with her two young kids... all while dedicating just 5 hours per month to self-managing her portfolio in St. Louis.

Want to know how she did it? Megan spells it all out in this episode and provides the exact tools and templates she uses to maximize her efficiency—enabling her business to serve her and allowing more time for what really matters.

Give Megan a follow, and share this episode with a friend, partner, spouse, or family member who you think might enjoy it!

Click here to listen on BiggerPockets.

BiggerPockets Podcast 386.5: Still Doing Deals... Thanks to These 2 Pivots With Marcus Maloney (Part 2, Post-Coronavirus) Jun 12, 2020

Show notes

Yesterday, Marcus Maloney showed us how he built his deal-finding machine. Today, he tells us how he's hanging onto it by making two big shifts in his business.

When the pandemic hit, lenders got nervous... and that put a couple of Marcus' deals in danger. So did he give up? No! He tapped his own network of private lenders to provide financing to his end buyers—a win-win-win.

Plus, Marcus tells us why he's shifted focus to the Midwest since we first spoke and how he worked out a deal with a "great tenant" who wound up unemployed and unable to pay rent.

Wondering how to adjust your business to the new normal? Check out this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next one.

Click here to listen on BiggerPockets.

BiggerPockets Podcast 386: Starting Out With $200 and Investing for Profit AND Cash Flow With Marcus Maloney (Part 1, Pre-Coronavirus) Jun 11, 2020

Show notes

From "bad drug dealer" in his youth... to earning a master's degree, then jumping into real estate at age 36 and crushing his first deal!

Today, Marcus Maloney shares his wild ride in Part 1 of two episodes this week. This one was recorded before the coronavirus pandemic, so we don't discuss that topic. Tomorrow, we'll dive into how Marcus pivoted to keep doing deals in these trying times.

In this episode, you'll learn how Marcus used just $200 to launch his career, how he acquired nine rental properties, and how he's completed dozens of local (Phoenix) and long-distance (Chicago) real estate transactions.

He also discusses the strategies he's using to generate leads, how he builds trust with both sellers and buyers, and how he works with acquisition managers, who take a cut of the deals they bring him.

Plus—the guys have a great conversation about performance coaching and why the thing that's holding you back probably isn't something you're going to fix at a real estate boot camp.

Marcus was nice enough to take some time out from riding his Harley to share some of his hard-won wisdom, so say hello to him on the BiggerPockets Forums, where he's a frequent contributor.

And don't forget to subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next show!

Click here to listen on BiggerPockets.

BiggerPockets Podcast 385: Once Homeless, Now Investing in an Expensive Market (With No Money of His Own) With Greg Gaudet Jun 04, 2020

Show notes

Flipping with no money down… in Hawaii? You heard that right.

Greg Gaudet actually considers himself “risk-averse” and still holds a full-time job, but he’s able to make nice chunks of change by hustling to find deals and managing rehabs for Brandon’s team on Maui.

Today, Greg walks us through his journey from “rock bottom,” including bouts with addiction and homelessness, to living the life of his dreams, buying a Porsche cash, and owning a handful of properties free and clear.

You’ll learn the right way to approach investing in condos, how to bring value to a potential partner or mentor, how Greg manages risk by keeping his living expenses low, and the mindset shifts that allowed him to 1) get clean and 2) "get out of his own way" in the real estate business.

This is truly one of the most powerful stories we’ve told on the BiggerPockets Real Estate Podcast, and it’s guaranteed to get your wheels spinning!

Click here to listen on BiggerPockets.

BiggerPockets Podcast 384.5: 10 Deadly Mistakes Real Estate Investors Make with Brandon and David May 29, 2020

Show notes

After yesterday's deep dive interview discussing two disastrous flip projects, we have a solo show for you today.

And the title says it all, really.

Brandon and David boiled down nearly 400 podcast episodes, countless forum threads, books, and real-life conversations—and their own missteps—to present to you: The Top 10 Ways Real Estate Investors Lose Money.

These aren't the only ways to go wrong in this business, but at some point, you're in danger of falling into at least one of these traps.

So, what did we miss?

Let us know in the BiggerPockets Forums, the comments section on our show notes, or in the Official BiggerPockets Facebook Group. And be sure to subscribe to the BiggerPockets Real Estate Podcast so you won't miss an episode.

Click here to listen on BiggerPockets.

BiggerPockets Podcast 384: Losing $60k on His First 2 Flips so You Won't Have To with Spencer Cornelia May 28, 2020

Show notes

You can put a dollar number on the losses Spencer Cornelia took on his first two long-distance flips... but it's hard to quantify the value of the lessons he learned and is now passing on to you.

We noticed Spencer's thread detailing his struggles in the BiggerPockets forums and invited him on the show; he bravely accepted.

In this episode, you'll learn the pitfalls to watch out for when taking on heavy renovations (anywhere, but especially long-distance), how to ensure quality work is getting done, and the dangers of letting projects drag on when you're locked into expensive short-term financing.

Plus, it's not a total downer... because Spencer's seeing a bunch of success with his new Youtube venture, and plans to continue investing in (less aggressively leveraged) real estate projects.

Brandon and David add their own perspectives having made some similar errors in their careers, and tomorrow in Part 2 they'll break down the 10 Deadliest Mistakes Investors Make.

New investors: heed the advice in these two shows! And as always: run your numbers conservatively, know your own risk tolerance, and run deals by trusted advisors before jumping in.

Click here to listen on BiggerPockets.

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