BiggerPockets Real Estate Podcast

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Imagine you're friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer or coffee with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The Bigger Pockets Podcast delivers! Co-hosted by Brandon Turner an…

Brandon Turner, David Greene, and Josh Dorkin: Bigger Pockets dot com


    • Nov 30, 2021 LATEST EPISODE
    • weekdays NEW EPISODES
    • 1h 10m AVG DURATION
    • 544 EPISODES

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    Latest episodes from BiggerPockets Real Estate Podcast

    538: Find the Real Estate You Hate (So You Can Buy the Real Estate You Love)

    Play Episode Listen Later Nov 30, 2021 61:43


    Not everyone will love commercial investing, mixed-use buildings, flipping houses, BRRRRing, or even traditional buy-and-hold rentals. But you'll probably find one type of real estate class that you absolutely love. It may take you some time, but if you're able to find a property type that sparks your creativity, all while providing positive cash flow, you'll know you made it.Katie Neason definitely didn't love government-subsidized rentals. She dreaded the phone calls, the repairs, and the unresponsive tenants. Katie thought that upgrading her investing strategy to multifamily housing would solve the problems. Unfortunately, after buying some fourplexes, she realized that too wasn't for her.After trial and error, Katie found her true real estate loves: flipping, developing, and mixed-use buildings. So, she went into all three and is doing phenomenal! Katie shares a special Deal Deep Dive where she walks through a degraded downtown building that is now the talk of the town due to her smart negotiating, creative redesigns, and ability to use her network to fund the deal!In This Episode We Cover:Why it's important to find the real estate classes you truly enjoy working onUnderstanding the positives and negatives that come with subsidized housingRevitalizing a downtown through smart planning, designing, and financing Taking action so you can achieve “hockey stick” growth in real estateWorking with the city so you can collectively build something that adds value to the communityHow to negotiate so both the buyer and seller walk away with a winAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBPCon 2021David's InstagramBiggerPockets StoreOpen Door CapitalThe Self Storage ConferenceMaui Masterclass with Brandon Turner and Tarl YarberNoah and Jeff's Episode (coming soon!)BiggerPockets Podcast 511: Getting Your Market, Money, and Mindset Right | 3 Coaching Calls!How to Invest in Real Estate—The Ultimate Show for Getting Started with Josh Dorkin, Brandon Turner, and 11 Rockstar InvestorsBiggerPockets WebinarJDC Mindset AcademyAudibleBiggerPockets Podcast 500: Robert Kiyosaki: America's ‘Rich Dad' Sees a Real Estate Crash ComingBiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)Josh Dorkin's InstagramCheck the full show notes here: https://biggerpockets.com/show538See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    537: 10 Best Books for Real Estate, Health, and Wealth

    Play Episode Listen Later Nov 28, 2021 54:22

    Sometimes the best real estate books aren't about real estate at all. Or at least, that's what Brandon and David found out. After rummaging through their bookshelves, Brandon and David decided to give listeners their top ten books that allowed them to reach financial, spiritual, and personal success. Some of these books include classics you've heard mentioned on the show before, while others are centered more on human happiness, problem solving, or relationships.What's important to know is that these books can help anyone, no matter what stage of the investing journey they're in. Whether you're a veteran or rookie, reading a simple concept, sentence, or quote can fundamentally shift how you think about life and investing. Brandon also runs through a dozen more book recommendations at the end of this episode, so if you've already read through the top ten, hang around for that!In This Episode We Cover:Brandon and David's top ten book list (for any type of investor!)Understanding the different parts of the brain and using it to build better arguments and strengthen relationships Tweaking the “rules of the game” you're playing in relation to wealth and happinessTaking on extreme ownership and using it to become a better leaderDeveloping confidence and how to do so when you're feeling lostCommunicating more effectively and allowing others to see through your perspectiveAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsOpen Door CapitalBiggerPockets EventsBiggerPockets Facebook GroupBiggerPockets StoreBiggerPockets Podcast 500: Robert Kiyosaki: America's ‘Rich Dad' Sees a Real Estate Crash ComingBiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivanhttps://www.biggerpockets.com/show537See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    536: How to Get 'Unstuck' | Coaching Calls w/ Brandon Turner

    Play Episode Listen Later Nov 25, 2021 46:12


    Real estate investing can feel complicated, even when you're doing well. There's usually a time when every investor hits an invisible wall and moving on to the next deal, partnership, or business can feel like a slog. When this happens, it's a good idea to lean on experienced investors who have been through these waves of success, failure, and stagnation.Brandon Turner, host of The BiggerPockets Podcast, is back with live one-on-one coaching calls with three different investors, all experiencing some form of investor paralysis. Brandon talks to Mike who's having trouble letting go of control on rehabs, Stephanie who's had past success but can't pick her next move, and Sterling who wants to build organic relationships with sellers.These three investors are in three completely different parts of their real estate investing journey, but all share some of the same headaches. Brandon walks each of them through their predicaments while illuminating some paths forward that could yield them more money, less headache, and a larger portfolio.In This Episode We Cover:Always thinking of yourself as “the general” and not a foot soldier in the warPrioritizing time with family over simple outsourceable tasksWhy real estate investors need to go “a mile deep” to survive in 2021 (and beyond!)Building organic relationships with off-market sellersSystematizing an outreach network and drip campaign that allow deals to come to youAnd So Much More!Links from the Show:BiggerPockets Youtube ChannelJason Drees' WebsiteOpen Door CapitalEtsyebayAudibleJoe Fairless' Best Ever Conference WebsiteBiggerPockets Podcast 500: Robert Kiyosaki: America's ‘Rich Dad' Sees a Real Estate Crash ComingBiggerPockets Podcast 409: Giving Yourself Permission to Go BIGGER: the “Bluefishing” Mentality with Steve SimsBrandon Turner's InstagramBrandon Tuner's TikTokDavid Greene's InstagramCheck the full show notes here: https://www.biggerpockets.com/show536See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    535: Keep, Refi, or Sell and Scale? | Live Portfolio Analysis

    Play Episode Listen Later Nov 23, 2021 65:49


    It has finally been decided. In the eyes of bidders at BPCon's 2021 Coaching Call Auction, David Greene is worth more than Brandon Turner. Yes, that's right, our beloved host who can turn any jiu-jitsu metaphor into a real estate lesson got the highest bid! The bidder? Long-time investor and rookie to commercial investing, Carla Holmes from Yellow Square Properties.Carla has been cautious with her real estate investing and never took on debt after she went through foreclosure during The Great Recession. Now, she sits on over a million dollars in equity, spread across multiple properties in the Carolinas. Her recent acquisition is a 4.5-acre commercial property that she'll convert into a parking lot for big rigs in her area.Since this is a brand new real estate class she's entering into, Carla wants to be absolutely sure she's crossing all her t's and dotting her i's. David walks her through a live analysis going over the hurdles, work, expenses, and income that this property will bring in. He also helps Carla debate whether selling, refinancing, or keeping her current properties is best based on her one-year financial independence goal.In This Episode We Cover:How to analyze a commercial property from scratch with limited property informationIdentifying the drawbacks and new potential income stream opportunities on a propertyWhy so many frugal investors avoid debt, even if it could be of benefit to themWhy you shouldn't “hit the cones” when investing in a new real estate class Thinking multiple steps ahead when making a move in real estateAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBPCon 2021CraigslistFacebook MarketplaceDavid's InstagramBiggerPockets's InstagramCheck the full show notes here: https://www.biggerpockets.com/show535See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?

    Play Episode Listen Later Nov 21, 2021 73:07


    Welcome to another episode of Seeing Greene! That's right, David Greene is back with more real estate answers, some brand new metaphors, and basic Jiu-Jitsu knowledge for the new and experienced real estate investor. In this episode, we're taking ten questions from BiggerPockets listeners, investors, agents, and rookies looking to build wealth through real estate.David discusses topics ranging from investing out-of-state vs. in-state investing, whether cash flow or appreciation is a more important metric to track, and how to accurately value a property when using more than just data and numbers. David also gives advice on building systems within your business to help you get more deals, and making your investing machine much more scalable.This episode has questions from non-investors, rookies, and veterans so no matter what stage of investing you're in, David answers a question for you!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:The spectrum of investing and why you need to seriously consider cash flow vs. appreciationWhy waiting on the sidelines may lose you more money than investing in a hot marketUsing more than just numbers and data to analyze a potential dealHow to return profits to investors and whether an equity or debt split is bestSystematizing your deal flow and taking advantage of CRMs (customer relationship management)How agents can build their reputation in areas with far higher commission checksWhat to do if you feel like you don't have any valuable skillsAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets BlogsBiggerPockets Youtube ChannelBiggerpockets.com/startSubmit your questionsBiggerPockets CalculatorsBiggerPockets Podcast 322: 3 Things Every Leader MUST Do to Scale with Ben KinneyBrivity CRMClick here to check the full show notes: https://www.biggerpockets.com/show534See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    533: No Tenants, Toilets, or Trash? It's Possible, Through Self Storage w/ Paul Moore

    Play Episode Listen Later Nov 18, 2021 62:36


    It's easy to get caught up in the world of residential real estate investing. Maybe buy a single-family buy-and-hold deal, or try and flip a house, or why not BRRRR? But, residential real estate comes with many challenges: complicated evictions, clogged toilets, a noisy tenant in your upstairs unit, and many, many more. But, there is an asset class you can invest in without toilets, tenants, or trash problems.Paul Moore, author, capital raiser, and real estate educator joins us to talk about his newest obsession: self storage investing. Why self storage? Maybe it's because nobody is living in the property, or that many existing facilities have HUGE value-add potential, or maybe it's the tax savings, or the ability to increase equity by hundreds of thousands, if not millions, seemingly overnight.There are so many reasons why self storage investing could be one of the greatest yet rarely spoken of assets in the world of real estate investing. Wondering how you can get started in this high-profit, low-maintenance investing world? Grab Paul's new book, Storing Up Profits!In This Episode We Cover:Why commercial real estate allows you to build wealth faster, smarter, and with scale The four strategies you can use to build your self storage empire The massive tax-saving strategies you may be missing out onLooking for value-add that's hidden in plain sightThe seven paths a new investor can take to get started in the self storage industryIncome opportunities that could turn thousands in revenue into millions in equityAnd So Much More!Links from the Show:BiggerPockets ForumsBiggerPockets BlogsBiggerPockets Podcast 285: 3 Reasons Multifamily Rentals Might Be the Perfect Investment with Paul MooreBiggerPockets Podcast 286: $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJOsbornePaul Moore's Blogs in BiggerPockets BlogBlackstoneU-HaulAirbnbForbesAmazonWellings CapitalCheck the full show notes here: https://biggerpockets.com/show533See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    532: Is 2022 the “Perfect Storm” For Multifamily Investing? | J Scott Takeover

    Play Episode Listen Later Nov 16, 2021 83:40


    If you own a single-family rental or a portfolio of single-family rentals, the world of large multifamily may seem scary to you. There are so many more tenants and units, there's a different financing structure, and what about finding the deals? At some point, many investors make the jump into the world of multifamily, and they rarely look back. One of our own, J Scott, did the same when he offered a year's worth of work for free in order to learn the multifamily game.Joining him today are multifamily syndicators and thought leaders Ashley Wilson, Brian Burke, and Joe Fairless. Together these four investors manage over two billion dollars worth of multifamily real estate. And just like many listeners, they at one point started at zero.J uses this episode as a multifamily roundtable, asking each of these veteran investors about the state of the housing market, where to invest, how to plan an exit, which strategies they use when investing, and how rookie investors can get started. Regardless of your unit count, experience, or real estate skills, all these investors believe that with some hard, creative work, you too can succeed in multifamily!In This Episode We Cover:Why 2021 was the “perfect storm” for multifamily (and whether or not it will continue)Cap rate and why it isn't as great of a metric as most investors think it isCreating an entrance and exit plan for a large multifamily dealFinding the “value-add” that will make you and your investors more moneyHow to analyze a multifamily market using a number of demographic metricsTransitioning from single-family investing to multifamily successGrowing relationships with owners, brokers, and multifamily vendorsAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelUHaulJoe Fairless's PodcastMatthew McConaughey University of Houston SpeechCheck the full show notes here: https://biggerpockets.com/show532See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    531: BiggerPockets Podcast 531: Can't Find a Deal? Here's How to "Make a Deal" w/ Daniel Harvey

    Play Episode Listen Later Nov 14, 2021 54:36


    Real estate zoning allows those with a keen eye, creative mind, and delayed gratification to transform a once-vacant warehouse into a massively profitable multifamily deal. While this isn't as easy as the simple buy-and-hold strategy of real estate investing, it can generate far more profit, equity, and appreciation than buying a single-family home or even multifamily buildings outright.J Scott joins David Greene to talk with Dan ‘The Real Estate Man' Harvey, who has been using this multifamily conversion strategy for years after he realized how many vacant commercial properties were being under-analyzed by investors. The tactic isn't too complicated: find a commercial property with the right zoning, convert it into multifamily housing, stabilize, refinance, and do it again! Dan says that this strategy is a slight off-shoot of the ever-popular BRRRR strategy, but with FAR more upside.Even if you know nothing about zoning, construction, or analyzing big deals, Dan will help you navigate how to do your first multifamily conversion in this episode. He even gives a direct callout to anyone who wants to help him and learn from his experience!In This Episode We Cover:Understanding the different types of zoning codes in your areaFinding the “best use” of a property and using that to siphon off maximum profitHow “By-Right” zoning allows investors to fully capitalize on a property's best useCalculating future rents and value of a property after a multifamily conversionCombining residential and commercial space to eliminate vacancies on your propertyBuilding a team and finding a mentor that will give you the knowledge to growAnd So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelBPCON 2021Brandon Turner's BiggerPockets ProfileRobert Kiyosaki's WebsiteDavid's InstagramDavid's BiggerPockets ProfileClick here to check the full show notes: https://www.biggerpockets.com/show531See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    530: Finding the “Hidden Gold” Most Investors Miss Both On & Off-Market

    Play Episode Listen Later Nov 11, 2021 60:49

    Having limited lung capacity while playing college basketball seems almost impossible. But, like almost everything else in Nolan Gottlieb's life, he pushed through it to accomplish his dreams. Hard work and determination are what allowed Nolan to step onto that basketball court, even with a severe physical disadvantage. The same determination is exactly what allowed him to close on nineteen units in just ten months of investing.Nolan didn't know anything about real estate; he couldn't even describe what a mortgage was if you asked. But, as he ventured off the basketball court and became a real estate agent, he knew that agent commissions wouldn't protect him and his family if he got sick again. He needed long-lasting wealth, passive income, and an ability to scale his success.He started out partnering with a friend on a BRRRR. It went so well, he decided to tackle an off-market deal. Nolan was able to close not only on one off-market deal, but on a fourteen-unit apartment building as well, thanks to his six steps to find “buried gold” in his market.In This Episode We Cover:How to accomplish your goals, even if you start at a severe disadvantageWhy passive income sources far outweigh one-time profitsThe six steps to finding profitable, undervalued off-market properties Taking down a fourteen unit apartment building as a rookieWhat appraisers look for when going through your propertyDiscovering your “why” behind investing in real estateAnd So Much More!Links from the Show:qPublic.netShutterflyWhitepagesMLS.comBiggerPockets PodcastBiggerPockets Podcast 500: Robert Kiyosaki: America's ‘Rich Dad' Sees a Real Estate Crash ComingBPCON 2021David Greene's InstagramDuke University's Blue Devils Basketball TeamBobby Hurley's Wikipedia pageC.S Lewis's WebsiteBrandon Turner BiggerPockets ProfileRobert Kiyosaki's WebsiteCheck the full show notes here: https://biggerpockets.com/show530See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    529: “Free Real Estate”, Negotiations, & Market Cycles | 'Takeover' Ep w Pace Morby

    Play Episode Listen Later Nov 9, 2021 40:17

    Creative financing solves an important problem for almost every type of real estate investor. Don't have enough cash? Try creative financing! No credit? Try creative financing! Ran out of conventional loans? You already know what we're going to say...One of the most knowledgeable real estate investors around, who pretty much reinvented the subject to deal, is Pace Morby, and he's here with us today!Pace invites four guests onto the show to ask him their most burning questions about subject to deals, creative financing, legal protections when investing in real estate, and how to negotiate with a seller. Even if you've never thought of doing a creative financing structure, Pace may convince you that there's good reason to be educated on them, as it could help you save thousands in closing costs and allow you to scale your portfolio much quicker.In This Episode We Cover:What are novation agreements and why they may be a great secret negotiating tactic Whether or not today's housing market shows similar signs to the 2007 crash How to calculate profits for a potential buyer on a wholesale dealWhether or not an LLC is necessary when buying rental properties or flipsThe inexpensive team member that could help take HOURS of work off your plate What to do when a seller won't come down to your maximum offerAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelOpen DoorAirbnbPrime Corporate ServicesA&E TVTriple Digit FlipCheck the full show notes here: https://biggerpockets.com/show529See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    528: 5 Questions to Ask EVERY Seller & Finding the “Bunnies” To Close the Deal

    Play Episode Listen Later Nov 7, 2021 62:32

    Closing off-market deals is one of the best ways to start stacking your real estate portfolio, especially while the housing market is so hot. But, off-market deals often require cold-calling, which is something that makes many investors' blood run cold. So, how do you talk to a seller in the most confident, comfortable, and competent way? You start by asking the five questions Pace Morby, master of off-market deal-finding and creative financing, has laid out.These five questions were developed over years of cold calling and door knocking. They were specifically designed to walk a seller through a transaction, making them as comfortable as possible, allowing them to bring up their own limitations, and giving you the space to close if the deal fits. This is not your typical “call the seller and give them a cash offer” piece of advice. These questions run far, far deeper than that.If you've wanted to try flipping, wholesaling, or even just off-market deal finding, this may be the perfect episode to listen to, as a veteran investor lays out the exact questions he used to close on 500+ off-market deals.In This Episode We Cover:Why every seller has their own “bunnies” and what you can do to find themAsking questions that allow sellers to illuminate silent partners in the dealWhy you should NEVER tell sellers what is wrong with their propertyHelping a seller create a story and allowing your offer to fuel itPulling out missing information when initially interviewing a sellerGoing in for the close without becoming a pushy salespersonAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelTriple Digit Flip on A&EBiggerPockets Podcast 527: 300 Doors, 100% Creative Financing with Pace MorbyBrandon Turner's InstagramPace Morby Interviews Jerry Norton On How He'd Get His First DealClick here to check the full show notes: https://www.biggerpockets.com/show528 See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    527: 300 Doors, 100% Creative Financing with Pace Morby

    Play Episode Listen Later Nov 4, 2021 73:43


    Pace Morby's name has become synonymous with seller financing, subject to deals, and flipping. He is one of the most educated players in the real estate game on all things related to non-traditional financing. He even taught Brandon Turner, the author of Investing in Real Estate with No (and Low) Money Down, a thing or two on today's show!Originally working as a contractor, Pace was hired on as a flipper for some popular iBuyer portfolios. He flipped over a thousand homes a year but was doing so without building any wealth for himself. This is when he began flipping his own homes and slowly, steadily building a portfolio of rentals that would provide him with the cash flow he desired. Did we mention he did this entirely without bank financing?Since Pace is the go-to investor for all things creative financing, Brandon and David took advantage of his time on the show to ask him about subject to strategies, seller financing tips, and how he takes a seller from consideration to closing. If you've been wondering how to build your rental portfolio without down payments, credit checks, or preapproval from banks, this is THE episode to listen to.In This Episode We Cover:Outsourcing your business so you aren't the driver of every dealStructuring a subject to deal and using it to create a win for the sellerWhy you shouldn't be afraid to offer full price on a seller finance dealThe first phrase you should say to any seller when viewing their propertyWhat to do when your “due on sale” clause comes to fruitionHow to find work, meet investors, and grow your brand through social media And So Much More!Links from the Show:BiggerPockets Youtube ChannelTriple Digit Flip on A&EBiggerPockets Podcast 493: How COVID Changed Real Estate Forever (+How it Didn't!) with Ken McElroyOpendoorZillowStart VirtualRedfinAirbnbKelley Blue BookCraigslistOpen Door CapitalBiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris VossEquity AssuranceThe Moth PodcastBrandon Turner's InstagramGrant Cardone's InstagramKen McElroy's WebsitePace Morby Interviews Jerry Norton On How He'd Get His First DealChris Voss' LinkedInFreebies from this episode:Pace's ebook on SubtoExclusive seller video callsCheck the full show notes here: http://biggerpockets.com/show527See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    525: Stop Planning Goals Around Results, Do This Instead w/ Geoff Woods

    Play Episode Listen Later Oct 31, 2021 73:02

    Our perceptions of work and life have changed significantly over the past year. While we once had a clear distinction between the two, now, we have a blurred line barely separating them. For some, this has made their life more hectic, and for others, more clear. It's now more important than ever to define where we're going and why we're going in that direction.Joining David today is Mindy Jensen, host of the BiggerPockets Money Podcast, and Geoff Woods, host The ONE Thing Podcast. Many guests on the show have mentioned The ONE Thing for its simple, yet impactful message for team leaders and solopreneurs who have too much on their plates. Geoff has taken the message of this book and his organization to heart, allowing him to free up time, and live a truly extraordinary life.Geoff unpacks exactly what it means to have intentional goals and live with purpose. He is very specific on defining what truly matters to your business, personal life, and internal values, and separates those things from the rest. Geoff also brings on Jordan and John, two business partners, one of which attended The ONE Thing Retreat last year, and talks them through their long-term vision, goal, and strategy.In This Episode We Cover:The importance of striving to live an extraordinary life in all aspects How to become more purposeful in the areas of life that truly matterWorking through goal setting in partnerships, relationships, or soloWhy most people don't reach their goals or set too attainable goalsPermitting yourself to dream big for a five, ten, or twenty-year visionWhat you can expect at The ONE Thing's 2021 RetreatWhy the purpose of a goal isn't the result, but something far more meaningfulAnd So Much More!Links from the ShowBrandon Turner's InstagramDavid Greene's InstagramBiggerPockets WebinarsBiggerPockets Pro MembershipThe 1 thing WebsiteThe 1 thing podcastBiggerPockets Podcast 411: The Life-Changing Power of a Goal-Setting Retreatwith Geoff WoodsThe 1 thing Goal Setting Retreat WebsiteClick here to check the full show notes: https://www.biggerpockets.com/show525See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    524: 3 Sales Secrets That Will Help You Close Your First or Next Deal

    Play Episode Listen Later Oct 28, 2021 67:50

    A decade ago, Chandler David Smith was a broke college student. After searching for jobs, he was given the opportunity to try his hand at door-to-door pest control sales. The first week went slow, and he wasn't able to close on a single sale. But, by the end of the summer, he had crushed the rookie sales record and walked away with $96,000 worth of commission.But now Chandler had a problem: too much cash and nothing to do with it. His friend's father convinced him that real estate investing may be the best place to park his extra cash, so he did just that. Chandler bought a condo for $73,000. It wasn't a great deal and he made some big mistakes, but it sparked a fire under him that allowed him to grow his portfolio to over three hundred units, through small multifamily, large multifamily, and self storage.It's no coincidence that Chandler succeeded in real estate with his sales background, since finding off-market deals, negotiating with sellers, and raising rents all require you to sell something to someone. If you can capitalize on some of these sales secrets that Chandler discusses, you may too have a far easier time locking down phenomenal deals.In This Episode We Cover:The verbal and visual cues that show a sales prospect you're trustworthyWhy those that can handle rejection succeed not only in sales but in real estateFollowing the “sales logic” of preface, feature, and benefit The huge advantage of investors buying “mid-priced” propertiesThe differences between owning small multifamily, large multifamily, and self storage Developing your property management team and using them to scale your portfolioAnd So Much More!Links from the Show:Brandon Turner's InstagramDavid Greene's InstagramChandler David Smith's Youtube Channel: How Brandon Turner Changed My Life (Full Interview)AJ Osborne WebsiteTim Ferriss WebsiteGarrett Myers InstagramGoBundanceBiggerPockets WebinarsBiggerPockets Pro MembershipMLS (Multiple Listing Service)CraigslistFacebookYoutubeCheck the full show notes here: https://biggerpockets.com/show524See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    523: Meet Max Maxwell: Broke at 30, Millionaire at 33 | 'Takeover' Ep w Nasar

    Play Episode Listen Later Oct 26, 2021 48:02


    You wouldn't know how far Max Maxwell has come at first glance. Looking at his Instagram, you'll see private planes, a wealth of knowledge on real estate, and seriously shiny Rolexes. Not many people know that only a number of years ago, Max was broke, without enough money to fill up his car with gas, and sleeping at his mom's house after ten years of failed businesses.Max tried everything from running a property management company, to marketing, to managing a restaurant, and many other ventures. None of them truly stuck, causing Max to go from state to state, trying to find a successful business model that would make him wealthy.Now, Max is well known as a master in wholesaling, rental property investing, and philanthropy. He has always made an effort to help those in need and even went to Ghana with today's host, Nasar El Arabi. These North Carolinian investors have truly gone from rags to riches and have been able to find meaningful, lasting success through real estate investing.In This Episode We Cover:How to get your start in real estate investing without any money Finding yourself at the bottom and pushing yourself up to the topFinding, skip tracing, and marketing your first deal as a wholesaler The “conveyor belt” system of off-market deal-findingWhy every great real estate investor MUST be able to spot good dealsJumping into a new niche, even as an experienced real estate investorAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBrandon Turner's InstagramDavid Greene's InstagramBiggerPockets Podcast 522: From “No Comma Paychecks” to 7-Figures Using These 5 Skills w/ Nasar El ArabiGQ MagazineVogue MagazineBarnes & NobleREISkipREIRailBiggerPockets ConferenceBiggerPockets Pro MembershipReal Estate Doru's InstagramReal Estate Doru's WebsiteReal Estate Doru's Youtube ChannelCheck the full show notes here: https://biggerpockets.com/show523See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    522: From “No Comma Paychecks” to 7-Figures Using These 5 Skills w/ Nasar El Arabi

    Play Episode Listen Later Oct 24, 2021 65:55

    Nasar El-Arabi is a self-proclaimed “failure” when it comes to being employed. He wasn't cut out for the banking industry, the call center, or the classroom. Some people aren't meant to be employed, and Nasar was one of them. As soon as he was able to get his start in real estate investing, he realized that this was a path that could help him succeed, all while challenging him in ways the W2 world didn't.Nasar has been wholesaling, flipping, and landlording for over a decade. He has amassed a seven-figure net worth, due to his sweat, grind, and problem-solving. Nasar has put together his list of the five most important traits of any successful real estate investor. These traits aren't what you'd hear at corporate, and they require those who are interested in investing to put in the time, energy, and creativity to thrive.If you're interested not only in real estate investing, but becoming a full-time investor doing what you love, make sure you pay careful attention to Nasar's advice. While these aren't traits you can simply switch on or off overnight, they are things that you can develop over the years you are investing, which can help you build wealth, reach financial freedom, and give you the life you've dreamed of.In This Episode We Cover:How to invest in real estate while making a median income Diversifying your portfolio so you have multiple exit strategies and streams of incomeWhy every investor needs to “become a rookie all over again”Using creative financing to structure deals that benefit the buyer and sellerLeveraging partnerships to find cash, divvy up responsibilities, and purchase more real estateOwning a business and learning the skills that every leader needs to succeedAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets PublishingBiggerPockets BookstoreBrandon's InstagramDavid's InstagramBiggerPockets Podcast 116: How to Quit Your Job Through Wholesaling, Flipping, and Taking Action with Nasar ElarabiBiggerPockets Podcast 500: Robert Kiyosaki: America's ‘Rich Dad' Sees a Real Estate Crash ComingBiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal NewportClick here to check the full show notes: https://www.biggerpockets.com/show522See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    521: Leukemia & Bankruptcy to Retired with 250 Units in 7 Years

    Play Episode Listen Later Oct 21, 2021 66:37

    People often tell each other to “stay positive” in light of grim circumstances or hard times. This consistent positivity can feel forced when going through something truly terrifying, but it's exactly what helped Jeffrey Holst fight cancer, get out of bankruptcy, and retire in only seven years. Once Jeffrey committed to having no bad days, he was able to either change his day that was going poorly or see the positive in everything around him.This philosophy helped him spur on new relationships, find new partners, and close on deals creatively. It was never “we can't close on this” for Jeffrey, it was “how can we close on this.” He uses what he likes to call the “sideways eight” strategy that allows him to have infinite returns when investing, all while giving his partners and private lenders a sizable profit.Jeffrey also talks about seeing the positive attributes of negative situations, and how he was able to leave his job as a lawyer and hit financial freedom due to his cancer diagnosis and later bankruptcy. If Jeffrey was able to dominate the multifamily market with an underwater net worth, think of what YOU can accomplish in the world of real estate investing!In This Episode We Cover:Buying properties without credit, money, or experience Creative financing strategies that allow you take tackle bigger and better dealsFighting cancer and using hard times to fuel your success Managing a portfolio of two-hundred and fifty unitsThe “last life philosophy” and how it gives you a clear path to victory Syndicating on a small scale to close multi-million dollar dealsAnalyzing your market as a "boots on the ground" investorAnd So Much More!Links from the Show:Carlton Sheets Real Estate Course InfomercialMatt Faircloth's BiggerPockets profileTony Robbins' WebsiteHal Elrod's WebsiteFour Reasons to Invest in Real Estate episode on the Old Fashioned Real Estate Show hosted by Brian Levredge and Jeffrey HolstFeras Moussa of Disrupt EquityBiggerPockets Podcast 488: From 4 Units to 2,000 and Why Large Multifamily “Isn't So ScaryWhitney Sewell of Life Bridge CapitalGoBundanceBiggerPockets Podcast 004: Commercial Real Estate Investing With Frank GallinelliBiggerPockets Radio Podcast 002: Starting Out with Karen Rittenhouse – Subject To, Direct Mail, and Investing from a Woman's PerspectiveGenerational Wealth with Dr. Tony Pennells episode on the Last Life Ever PodcastAkamai Coffee WebsiteMike Tyson's WebsiteArnold Schwarzenegger's WebsiteShaquille O'Neal's Profile Richard Branson of the Virgin GroupCheck the full show notes here: https://biggerpockets.com/show521See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    520: $47k/Month in Rent, 0 Doors Owned | Rookie Takeover w/ Rafael Loza

    Play Episode Listen Later Oct 19, 2021 49:23


    The hosts look and sound a little different today. There are no beards and we haven't heard one metaphor containing jiu-jitsu lingo... That's because Ashley Kehr and Tony Robinson, hosts of the Real Estate Rookie Podcast have taken over the BiggerPockets Real Estate Podcast! Ashley and Tony regularly talk about how rookies can get their first (or next) deal, but today they're combining expertise to talk about something more controversial: rental arbitrage.Rental arbitrage is a form of subletting that allows long-term tenants to make massive cash flow off of short-term rentals. Someone who's done this to an extreme is Rafael Loza. Rafael was working the night shift as his W2 job when he found out about short-term rental arbitrage. He sat on the idea for a few months, but ultimately tried out the concept on an apartment. This one apartment took home a massive profit, allowing him to quit his job and scale to fourteen units in just nine months.Now, Rafael has twenty-four active units, all grossing thousands of dollars a month in rent for him. Back in March of 2020, Rafael was projected to bring in forty-seven thousand dollars in revenue in one month alone. But, the pandemic hit, forcing him to pivot, switch strategies, and take advantage of the flourishing short-term rental market. He has his sights set on ownership, but now he's simply raking in the short-term stacks.In This Episode We Cover:Rental arbitrage and why it's a low-cost way to get into real estate investingShort-term cash flow vs long-term appreciation and combining the twoThe startup costs it takes to create an arbitrage empireHow to pitch landlords on using their properties for short-term rentalsNegotiating leases and adding a subletting clause to any lease you undertakePivoting when your business hits a wall and combing back strongerAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBrandon Turner's InstagramTony's InstagramAshley's InstagramReal Estate Rookie Youtube ChannelAirbnbVrboThe Real Estate Rookie PodcastClubhouseCheck the full show notes here: https://biggerpockets.com/show520See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    519: 5 Keys to Becoming a Millionaire on Less Than $100k Per Year

    Play Episode Listen Later Oct 17, 2021 76:11

    You may know Ashley Kehr from the Real Estate Rookie Podcast, but you may not know that only a short time ago she was a rookie herself. Ashley started as a property manager for a local investor and slowly made her way from owning one property to owning thirty-three long-term rentals, a short-term arbitrage property, two commercial units, and one mobile home park. Quite a diverse portfolio!What makes this even more impressive is that Ashley wasn't coming into real estate with boatloads of cash. In fact, she and her husband have never collectively made more than six figures from their W2 jobs. So how does someone with a median income generate such a massive amount of cash flow, appreciation, and time freedom?Ashley discusses the five fundamentals of real estate investing that led her to seven-figure net worth. These fundamentals can be used by anyone, at any stage in real estate investing, no matter their experience level. If you're ready to supercharge your investing and go from rookie to rockstar, commit to the game plan Ashley has laid out!In This Episode We Cover:How to invest in real estate while making a median income Diversifying your portfolio so you have multiple exit strategies and streams of incomeWhy every investor needs to “become a rookie all over again”Using creative financing to structure deals that benefit the buyer and sellerLeveraging partnerships to find cash, divvy up responsibilities, and purchase more real estateOwning a business and learning the skills that every leader needs to succeedAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets PublishingBiggerPockets BookstoreReal Estate Rookie Youtube ChannelReal Estate Rookie FaceBook GroupBiggerPockets Rookie PodcastTony's InstagramBrandon's InstagramDavid's InstagramReal Estate Rookie BootcampBiggerPockets Podcast 348: Full-Time Job, Full-Time Mom, and Full-Time Wealth From Rentals with Ashley KehrBiggerPockets Podcast 500: Robert Kiyosaki: America's ‘Rich Dad' Sees a Real Estate Crash ComingClick here to check the full show notes: https://www.biggerpockets.com/show519See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    518: The Biggest Takeaways from BPCon 2021 | Live Host Panel from NOLA

    Play Episode Listen Later Oct 14, 2021 88:15


    Marching along Bourbon Street last week was a parade with some of the best real estate investors in the world, celebrating another successful BPCon, ready to take on the world. Throughout the past week, attendees of the conference heard from world-class business leaders, investors, and authors, learning about everything from running a business to short-term rental markets, to self-storage, and more.On this live episode, your hosts, Brandon and David, are joined by Scott Trench, host of the BiggerPockets Money Podcast, Ashley Kehr and Tony Robinson, hosts of the Real Estate Rookie Podcast, and Liz Faircloth and Andresa Guidelli, hosts of The Real Estate InvestHER Podcast, plus special guest Esther, who has a widely impressive portfolio herself.You'll hear the hosts talk about topics like how to connect with fellow investors, future trends influencing the real estate market, what's working today (and what isn't), plus a live version of the Famous Four and Fire Round.If you weren't able to make it to this year's BPCon, plug into this episode and get on the waiting list for next year!In This Episode We Cover:What's ‘firing up' the hosts of the BiggerPockets Podcast Network?What investors can do in today's market to ensure wealth tomorrowFuture trends that allow investors to profitably pivotHow BPCon helps connect investors, reshape ideas, and build wealthHow to vet partners before you go in on a deal with themThe top characteristics that contribute to your success as an investor Why you should definitely be at BPCon 2022 And So Much More!Links from the Show:NPR (National Public Radio)Kevin Leahy's BiggerPockets ProfileMark Ferguson's InvestFourMoreWendy Papasan's LinkedIn ProfileNoah Evans's LinkedIn ProfileRickey Rodriguez's BiggerPockets ProfileYour First Real Estate Investment Podcast: How to Recover from the Great Recession and Leverage Creative Financing to Fund Your First DealJoe Asamoah's BiggerPockets Author ProfileAJ Osborne's Personal WebsiteSteve Rozenberg's BiggerPockets ProfileInvestHer's Partnership Question GuideMeetupHal Elrod's Personal WebsiteDave Ramsey's Personal WebsiteCashflow The Board GameMatt Faircloth's BiggerPockets Author ProfileBiggerPockets CalculatorsThe Real Estate InvestHER CommunityCheck the full show notes here: https://biggerpockets.com/show518See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    517: 5 Pitfalls When Buying These “Crazy Cash Flow” Properties

    Play Episode Listen Later Oct 12, 2021 66:23

    Avery Carl is the go-to contact for short-term rental investing. Her business, The Short Term Shop and The Mortgage Shop not only helps find properties and secure loans for prospective short-term rental investors but also helps guide investors through their first vacation property purchase. While this type of property can be a cash flow king, it also takes more management and a bit more time upfront to get the system oiled and operating smoothly.Since we last talked to Avery, she's quadrupled her portfolio from twenty-something short-term units to ninety-six units, sixty-one of which are large multifamily properties. Avery gives an in-depth analysis on why short-term rentals should hold a place in every investor's asset collection, and the common pitfalls investors go through when purchasing their first short-term rental.If you'd like to learn more about building wealth through short-term rental investing, grab Avery's brand new book Short-Term Rental, Long-Term Wealth!In This Episode We Cover:Why having short-term rentals can help real estate investors mitigate riskHow Avery added over seventy more doors to her portfolio in under two yearsThe wrong vs. the right questions to ask when buying a short-term rentalThe five things people need to avoid when making their first STR purchaseWhy you may want to “bear-proof” your next cabin in the woodsNot being afraid to ask questions when investingWhy you should buy Avery's new book Short-Term Rental, Long-Term WealthAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery CarlBiggerPockets PublishingBiggerPockets BookstoreAirDNAPriceLabsAirbnbVrboFacebook MarketplaceTuroRealtor.comVacasaCraigslistAmazonCheck the full show notes here: https://biggerpockets.com/show517See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    516: Are You an Asset or Liability to Those in Your Life? w/ Earn Your Leisure

    Play Episode Listen Later Oct 10, 2021 68:23

    Everyone knows that financial education is one of the most crucial things to teach children at a young age. It doesn't just set them up to be wealthy, but it gives them the tools to be confident, choose delayed gratification, and hopefully, impact another young person's life one day. This is understood wholeheartedly by Rashad Bilal and Troy Millings, former financial advisor and school teacher.What had started as a small classroom experiment in teaching children financial literacy turned into a media empire. Rashad and Troy shared their class teachings online, which pushed them to create a course for the kids, and later into the Earn Your Leisure podcast, where they talk about everything ranging from high-value financial concepts to sports to entertainment and more.What keeps Rashad and Troy going is knowing that their work is allowing thousands of people to improve their life situations, whether children or adults. The duo not only talks extensively about the difference between financial assets and liabilities but about relationship assets and liabilities. This helps answer the question: who's helping bring you up and who's trying to keep you down?In This Episode We Cover:The importance of spurring on financial literacy for young kids How to teach your children about money and examples you can useThe role that playing sports had in Rashad and Troy's livesAssets over liabilities and why you need to invest in relationship assets as wellStocks, ETFs, multifamily, and cryptocurrency investmentsStaying committed to your goals and following throughAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelBiggerPockets Conference 2021BiggerPockets Agents FinderBiggerPockets InsightsEYL Episode #63 Money Machine by Earn Your LeisureAirbnbBrandon's InstagramDavid's InstagramOpenDoor CapitalClick here to check the full show notes: https://www.biggerpockets.com/show516See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    515: Your Step-by-Step Guide to Buying Out-of-State Investment Properties

    Play Episode Listen Later Oct 7, 2021 68:57


    It's not uncommon for investors to start out by buying properties in their home markets. It makes things like neighborhood research, rehabs, and tenant showings so much easier when you're only a short drive away from your property. That's how Dave Meyer, VP of Data and Analytics right here at BiggerPockets, feels.Dave is currently living in Europe and has invested exclusively in Denver, where he used to call home. Now, as an entirely remote landlord, he's seen the data on how many markets (like Tampa, Florida) are doing phenomenally for appreciation and rent increases. David Greene, out-of-state investor and the man who literally wrote the book on long-distance real estate investing is here to offer some much-needed council.With David having the experience as an agent and out-of-state investor and Dave having robust housing data at his disposal, the two come up with some clear plans to invest in up-and-coming markets. David and Dave talk about cash flow, appreciation, wage growth, the investing “spectrum”, and why so many real estate investors aren't planning far enough ahead.In This Episode We Cover:Cash flow vs. appreciation and which one matters most to youDeveloping your investment strategy and picking markets where it worksBalancing the benefits of real estate investing and the investing “spectrum”What makes a market appreciate and cause rents to rise?What to do once you've found a great market to invest inQuestions you should ask every out-of-state agent and property managerWhere Dave and David are both looking to investAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets Conference 2021BiggerPockets Agents FinderBiggerPockets InsightsBiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneBiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!ZillowCheck the full show notes here: https://biggerpockets.com/show515See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


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

    Play Episode Listen Later Oct 5, 2021 70:34


    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 2011How the pandemic gave institutional investors more buying powerWho are the “wall street buyers” that are buying thousands of single-family homes?Why you should “find the tenant” before finding your next propertyThe “carbon monoxide” of investing that most investors aren't paying attention toHow institutional investors use economies of scale to rapidly rehab homesWhat small investors can do to beat institutional investors at the closing tableAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets Conference 2021BlackstoneZillowRedfinBiggerPockets InsightsBiggerPockets Show 515Check the full show notes here: https://biggerpockets.com/show514See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


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

    Play Episode Listen Later Oct 3, 2021 58:15


    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 LLCUsing agents or wholesalers to find your next BRRRR propertyWhy some markets simply won't cash flow (and why that isn't necessarily a bad thing)The minimum cash flow requirements for a multifamily propertyHard money loans vs construction loans when performing a BRRRRHow to get financing when your property is not a traditional rental or commercial buildingAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelBiggerPockets Rental Property CalculatorBiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate QuestionsBiggerPockets Podcast 487: 10 Common Real Estate Investing Questions Answered by David GreeneBiggerPockets Podcast 473: Quitting the Police Force, Wholesaling, & Buying Notes with David GreeneSubmit Your Questions to David GreeneClick here to check the full show notes: https://www.biggerpockets.com/show513See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


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

    Play Episode Listen Later Sep 30, 2021 70:38

    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 winsHow the Brooklyn Bank is helping build a pathway out of poverty How you can spend a week with Brandon and help support a great causeAnd So Much More!Links from the Show:BiggerPockets Podcast 512: From Losing $150k at the Blackjack Table to 7-Figure Profits in Real EstateBiggerPockets Podcast 455: Mixtapes to Millions in Real Estate with DJ Envy and Cesar PinaThe Brooklyn Bank Brandon's Maui MasterClassBrandon Turner's InstagramDavid Greene's InstagramMatt@odcfund.comdonations@thebrooklynbank.comCheck the full show notes here: https://biggerpockets.com/show512See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

    Play Episode Listen Later Sep 28, 2021 48:41


    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 propertyUsing referrals to find your next property manager Putting your clients best interest first and showing confidenceStarting businesses in different verticals that can empower your current business Turning your biggest expenses into revenue generatorsTaking advantage of using a Key Principle on larger dealsAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelSimplisafeBiggerPockets Wealth MagazineThe BiggerPockets Bundle GiveawaySubmit your Question for David Greene to answer!BiggerPockets Find an AgentKeller WilliamsAmazon PrimeCheck the full show notes here: https://biggerpockets.com/show511See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


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

    Play Episode Listen Later Sep 26, 2021 84:03


    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 implementReducing your time, effort, and energy spent on workUnderstanding which systems need to be fixed or removed entirely front our lifeHow to stop playing “whack-a-mole” with your business processesWhy so many businesses fall behind after improving Creating a sustainable solution that gives you (the entrepreneur) maximum freedomAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets PodcastBiggerPockets BookstoreOpen Door CapitalBiggerPockets InsightsBiggerPockets BooksBiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of MentorsBiggerPockets Podcast 137: How to Use Systems to Scale Your Real Estate Business with Sam CravenWork the System WebsiteClick here to check the full show notes: https://www.biggerpockets.com/show510See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    509: Cars & Cashflow: Manny Khoshbin's Story from Homeless to $1B

    Play Episode Listen Later Sep 23, 2021 58:43

    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 investmentValue-add opportunities and flipping commercial real estate over the span of a few yearsWhich real estate industries are on the downward trend (and which to invest in)The steps new real estate investors should take to make it bigWhy Manny's luxury cars are an investment, not just toysAnd So Much More!Links from the Show:auction.comBPCON2021.COMElon MuskHolly BurtonDave RamseySpaceXFedExCVSKMartAmazonTargetBooks Mentioned in this Show:Trump: The Art of the Deal by Donal TrumpManny Khoshbin's Contrarian Playbook by Manny KhoshbinDriven: The Never-Give-Up Roadmap to Massive Success by Manny KhoshbinCheck the full show notes here: https://biggerpockets.com/show509See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    508: How to 10x Your Deal Flow Using "Evergreen Content"

    Play Episode Listen Later Sep 21, 2021 82:35


    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.In This Episode We Cover:Getting out of the “hamster wheel” lead generation work Outbound vs. inbound marketing and which requires less work from youWhy 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 sellersWhat Trevor thinks will happen in the housing market over the next few yearsAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelZillowCarrot Software CompanyEP 246: How to Double Your Commissions Without Doubling Your Team w/ David Greene of Bigger Pockets [HYBRID Part 1]How to Get More Motivated Seller Leads (with no paid ads) Using 1 Proven, Simple Marketing Strategy (Free Live Workshop)OfferpadOpendoorRedfinRealtor.comTruliaWordPressFresh ChalkDavid's InstagramFarr GroupSimplysold.comRevKind House BuyersHouse HeroesCheck the full show notes here: https://biggerpockets.com/show508See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


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

    Play Episode Listen Later Sep 19, 2021 68:45

    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 ofBreaking multiple world records and developing mental toughness Why your goals should scare you enough to pursue themWhy you don't need to 10x your output and the importance of small stepsFinding what you're willing to sacrifice to reach your goalWhy every great athlete, entrepreneur, and leader needs a rockstar team Choosing the person who “doesn't break” under hard circumstancesAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets PodcastBiggerPockets BookstoreOpen Door CapitalBiggerPockets PerksBiggerPockets InsightsBiggerPockets BooksBiggerPockets Podcast 485: Atomic Habits That Help You Achieve Unthinkable Success w/ NYT Best Selling Author James ClearJames “Iron Cowboy” Lawrence's WebsiteClick here to check the full show notes: https://www.biggerpockets.com/show507See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    506: Achieving Financial Freedom Through Small Multifamily Investing

    Play Episode Listen Later Sep 16, 2021 77:52


    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 CoverHow to reach financial freedom through small multifamily investingThe four key benefits of investing in multifamily propertiesHow to find deals (even if you live in an expensive area)How to analyze your multifamily deals using the BiggerPockets CalculatorsFinancing your deals using FHA loans, conventional loans, and seller financingRisks and dangers to look out for in your next dealAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelThe BiggerPockets Bundle GiveawayBiggerPocketsWebinar: How to Become a Real Estate Millionaire (presented by Brandon Turner)BiggerPockets Podcast 463: How to Get Your First or Next Property (Step-by-Step) in 90 DaysBiggerPockets Rental Property CalculatorBiggerPockets PodcastBiggerPockets Webinar ReplaysBiggerPockets BookstoreBiggerPockets PerksBiggerPockets InsightsBiggerPockets BooksBiggerPockets MultislidesBiggerPockets 7 Years to 7 Figure WealthBiggerPockets Pro UpgradeRealtorOpen Door CapitalGary Keller Multiple Listing Service (MLS)Email Your Questions: podcast@biggerpockets.comCheck the full show notes here: https://www.biggerpockets.com/show506See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    505: “Act Like You Have 100+ Units” | Coaching Calls w/ Brandon Turner

    Play Episode Listen Later Sep 14, 2021 64:13


    You hear Brandon Turner's voice quite often on the BiggerPockets Real Estate Podcast, but rarely is it heard advising new investors. Today, Brandon is taking on three live “coaching calls” with three investors, all in different stages of their investing career. Brandon and the guests talk through topics like scaling your business, branding your real estate company, and when the right time to hire is.These investors have portfolios ranging from a few units to more than forty, making this an episode that any investor can listen to, no matter where they're at in their real estate investing journey. This advice is hand-tailored for each investor, and comes from someone who has made it out of that “awkward teenage investing” phase.In This Episode We Cover:How to hire out property management when your portfolio begins to growAppealing to higher authority when you have to make tough decisionsActing like you own the portfolio you're trying to scale toBranding your real estate company so people can trust you and invest with youStarting your own meetup if you don't find one that clicksUnderstanding that “everything gets easier as you grow”And So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelThe BiggerPockets Bundle GiveawayCozyApartments.comRing CentralGoogle VoiceMobile Home Park Investors with Jefferson Lilly & Brad JohnsonThe Mobile Home Park Investing Podcast with Kevin BuppPay Near MeBiggerPockets Facebook PageBiggerPockets Facebook GroupBiggerPockets InstagramAirbnbAre Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do! (Youtube Video)BiggerPockets ConferenceEmail Your Questions: podcast@biggerpockets.comJoe's BiggerPockets ProfileJoe's InstagramJoe's Facebook PageCheck the full show notes here: https://www.biggerpockets.com/show505See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    504: The Millionaire Formula: 10 Steps to Hit 7-Figure Net Worth (Part 2)

    Play Episode Listen Later Sep 12, 2021 68:23


    Wouldn't it be nice to be a millionaire? Sitting under a palm tree, relaxing, with plenty of money set aside for you. To be in that position you not only have to escape the rat race but pledge to live a life of continual improvement, always looking for ways you can be better. That's exactly what Brandon Turner and David Greene did to reach their multimillionaire status and live a life of greatness.In this episode, we continue listing the ten steps to become a millionaire, with a bonus step at the end. If you didn't hearlast week's episode, check out episode 503 for the first five steps mentioned by David and Brandon. This time, we talk about things like harnessing synergy, upgrading your social circle, quitting the things that hold you back, searching for continual improvement, and always giving back.Think of becoming a millionaire less as a singular task and more as a continual journey. If you put in the work and follow these steps laid out by David and Brandon, you'll have a high chance of becoming a millionaire (if not a multimillionaire) within the next decade. So get out there, meet people, make opportunities, and achieve the impossible.In This Episode We Cover:Getting on a team where your strength is amplified Surrounding yourself with those who overachieve and push you higherFinding a way to quit everything repeatable or assignable Doing what others view as “hard” and pushing yourself to be greatHelping others upgrade their lives and giving back whenever possibleTaking advantage of this strong economy to tackle as much as you canAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelThe BiggerPockets BookstoreGoBundanceOpen Door CapitalEmail Your Questions: podcast@biggerpockets.comBiggerPockets Podcast 217: How to Work Less and Earn More Using the 80/20 Rule with Perry MarshallBiggerPockets Podcast 457: How Thinking 5 Moves Ahead Can Make You Millions with Patrick Bet-DavidClick here to check the full show notes: https://www.biggerpockets.com/show504See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    503: The Millionaire Formula: 10 Steps to Hit 7-Figure Net Worth (Part 1)

    Play Episode Listen Later Sep 9, 2021 64:10


    You probably know Brandon Turner and David Greene as multimillionaire real estate investors. What you may not know, is that a decade ago this was a very different story. Brandon didn't grow up in a wealthy family, and by his 20s, had packed on about $20,000 of credit card debt while spending $1,000 more than he could afford each month. David grew up in a family where finances were a constant stressor, he later vowed to himself that he would never let money problems hurt him or the people he loves.Now, both Brandon and David have made the long journey from rags to riches, and through investing in real estate they were able to pull themselves up by their bootstraps and reach financial independence. Today, we talk through the first five (of ten) steps that helped Brandon and David reach this financial feat. This is a great episode to take notes on, as becoming a millionaire is close to impossible without following most, if not all of these steps. While this episode isn't entirely focused on real estate investing, a large part of being a successful real estate investor is financial intelligence. Even if you've made mistakes in the past with investments, debt, spending, or any other financial lever, following these ten steps will give you a solid framework to stair-step your way into millionaire status. In This Episode We CoverHow Brandon and David discovered their need for financial independence early in life Thinking of money the same way you think about fitness and healthReaching huge financial milestones, even if you started out with extra obstaclesFighting lifestyle creep and never falling into the Ferrari trap Building an income stream that is scalable, passive, and automated The “stair-stepping” method that leads to massive wealth accumulationAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelThe BiggerPockets BookstoreAlan CoreyGary KellerBiggerPockets Podcast 500: Robert Kiyosaki: America's ‘Rich Dad' Sees a Real Estate Crash ComingBiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions with Cameron HeroldBiggerPockets Podcast 461: Defeating the “Enemy of Success” with Steven Pressfield (The War of Art)GoBundanceYNAB (You Need A Budget)MintOpen Door CapitalEmail Your Questions: podcast@biggerpockets.comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    502: BiggerNews, September: Will Anything Slow Down this Housing Market? with Dave Meyer & Kathy Fettke

    Play Episode Listen Later Sep 7, 2021 60:10


    Welcome back to another episode of the BiggerPockets Podcast. Today, we're trying a new format where David Greene and Dave Meyer bring on an expert in the real estate investing space and talk through all the market trends, legislature, and other factors influencing the housing market and economy.As our special guest, Kathy Fettke from the Real Wealth Network joins us to talk about housing market predictions in 2021 and beyond, the eviction moratorium (and its effects after ending), and where investors should start looking for opportunities. We touch on economic concepts like supply and demand, how this market compares to 2007's bubble, why millennials are soon to become the biggest buying cohort in America, and the underbuilding crisis that we're currently facing.If you'd like to request a topic for discussion or ask a question, send us an email at podcast@biggerpockets.com with NEWS in the subject line!In This Episode We Cover:Housing market predictions for 2021 and beyondComparing today's high values to the values back in 2007The eviction moratorium and the impact it had on mom and pop landlordsUnderstanding the difference between the dollar crashing and home values skyrocketing When we will return to a more “normal” housing market Why millennials face an uphill battle when trying to purchase homesAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelDave's Real Estate NewsNMHC Rent Payment TrackerEmail Your Questions: podcast@biggerpockets.comCheck the full show notes here: http://biggerpockets.com/show502See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


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

    Play Episode Listen Later Sep 5, 2021 58:36


    We're back with another episode of “Seeing Greene” with David Greene! Listeners and investors have submitted their questions via video and through the BiggerPockets Facebook Groups and BiggerPockets forums over the past month, we've compiled some of the best (and most frequently asked) questions so David can answer them live on air!This episode goes over a handful of different topics with questions from agents, wholesalers, new home buyers, rookie investors, veteran investors, and others just trying to get into real estate investing. These questions are not only common, but crucial when trying to understand purchasing, structuring, and optimizing real estate investments.If you want to ask David a question, click here to submit a video for David to answer on the next “Seeing Greene”! Want an answer right away? Head over to the BiggerPockets forums to get help from millions of other real estate investors, just like you.In This Episode We Cover:How to become a star agent in a brand new (or competitive) marketShould you use points to get lower interest rates?How soon can you refinance a house purchased in cash?What are some factors of a successful short-term rental?How would David escape a triangle hold from Brandon Turner?How do you structure partnerships?And So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelBiggerPockets BookstoreDavid's InstagramBiggerPockets BundleBiggerPockets Wealth MagazineSubmit Your Questions to David GreeneClick here to check the full show notes: https://www.biggerpockets.com/show501See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    500: Robert Kiyosaki: America's ‘Rich Dad' Sees a Real Estate Crash Coming

    Play Episode Listen Later Sep 2, 2021 71:48

    Robert Kiyosaki is arguably the most influential author in the finance, real estate, and investing space. His book, Rich Dad Poor Dad, has sold over thirty million copies and has been translated into forty different languages across forty different countries. Since its inception in 2002, Rich Dad Poor Dad has become almost every investor's favorite book, prompting them to get out of the rat race, pursue financial independence, and teach them everything Robert's “Rich Dad” taught him.Robert has seen numerous housing cycles, including crashes, booms, and busts. His knowledge of micro and macroeconomics is astounding (to say the least) and he has some strong predictions for the future of real estate investing and the global economy as a whole. We talk about capitalism, marxism, communism, inflation, debt, assets, liabilities, and everything in between. This episode is not only crucial for anyone who is a fan of Robert's books, board games, and videos but anyone who truly wants to learn the game of real estate.As a general word of advice: Robert has some very strong opinions that he voices throughout this episode, and even if you disagree with any (or many) of them, it may serve helpful to listen to his full explanations of his takes. Robert has built an incredibly successful life, but started as a child of a financially dependent family, served in the marines during the Vietnam war, and has fought hard to keep capitalism alive and well in the United States, and abroad.Be sure to grab Robert's new book, Capitalist Manifesto, and thank you for joining us for the 500th episode of The BiggerPockets Podcast!In This Episode We Cover:Why Rich Dad Poor Dad remains a timeless classic in the investing worldWhy Robert favors real estate, precious metals, and cryptocurrency above other assetsThe difference between an asset and liability, and why so many Americans confuse themWriting (and fighting) for freedom, prosperity, and wealth Paying attention to the macroeconomic trends and using them to make smarter investing decisionsThe assets that Robert is bullish on in today's marketWhy you need to love studying real estate to become successfulAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelBiggerPockets BookstoreBrandon's InstagramDavid's InstagramBiggerPockets BundleBiggerPockets Wealth MagazineBiggerPockets Podcast 479: 10 Powerful Lessons Brandon Learned Building a $50M+ Rental PortfolioRay Kroc's StoryDave Ramsey's WebsiteCashflow GameGoBundanceKen McElroy's WebsiteDavid's Guesting on Ken McElroy's ShowJordan Peterson's WebsiteCheck the full show notes here: https://biggerpockets.com/show500See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    499: The Death of The "Entrepreneur”: Experience from an 8-Figure CEO

    Play Episode Listen Later Aug 29, 2021 81:51

    Many people call themselves “entrepreneurs” nowadays. Essentially, anyone who can make some kind of income on their own is an entrepreneur, but there is a big difference between an entrepreneur and a business owner. While an entrepreneur can start businesses, a business owner can build, enhance, and delegate out a business. This is something that today's guest, James Wedmore, is proficient at.James' experience in this field speaks for itself, he's an 8-figure CEO, a highly sought-after coach for successful business leaders, and runs the Mind Your Business Podcast. He has a unique viewpoint when looking at growth, which allows many business owners to take a step back and think “what is truly achievable?”James helps business owners grow their businesses into scalable, profitable, and successful operations. He focuses on building a “machine” that can run as a business, as opposed to a business owner doing 10+ different tasks, solely because they can. He also talks about the importance of having urgency in your product offering and giving your business what it needs to thrive, not just trying to extract what you need from it.In This Episode We Cover:The difference between entrepreneurs and business ownersWhy so many business owners get bored of their businessAddressing the needs of your business and asking “what does it want from me?”Letting go of technician roles in a business and delegating tasksGetting rid of bad habits through mindful integrityForgiving yourself for mistakes, self-judgment, and blameAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelBiggerPockets BookstoreBrandon's InstagramDavid's InstagramOpenDoor CapitalMind Your Business PodcastBiggerPockets Podcast 484: 3 Ways to Simplify Your Real Estate Investing with Brandon TurnerBiggerPockets Podcast 449: How Emails Are Constantly Destroying Your Productivity with Cal NewportClick here to check the full show notes: https://www.biggerpockets.com/show499See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    498: Real Deal: BRRRR Deep Dive w/ Joe Asamoah (Pt 1)

    Play Episode Listen Later Aug 26, 2021 71:49

    When most people think about section 8 housing, they think of run-down homes, troublesome tenants, and negligent landlords. This stereotype may prove true in some markets, but for Dr. Joe Asamoah, this is far from reality.Joe has built his real estate portfolio by renovating homes to an incredibly high standard, situated in some of the best neighborhoods in the DC market, and all while under section 8 housing. Joe figured out early on that section 8 housing authorities gave much more rent money for houses with 5 bedrooms and up, so he started renovating to match the rent section 8 could provide him. This not only allows him to take home a sizable profit, but score tenants who will respect his homes as their own, and stay there for 15 to 20 years minimum. This is no joke, Joe has tenants who have been with him for two decades!You'll see a deep dive of Joe's latest property in today's episode, complete with pictures, videos, and other helpful visuals. If you're only listening to this podcast, we'd highly recommend checking out the video version over on the BiggerPockets Youtube channel!In This Episode We Cover:What the “Big City BRRRR” strategy entailsHow to control tenant turnover so you have ZERO vacancy Using section 8 to take in higher rentsHow to create a top tier product that attracts top tier tenants Becoming the best landlord a tenant could ask forAdding bedrooms, bathrooms, and getting permits for everything in betweenAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelBiggerPockets BookstoreBrandon's InstagramDavid's InstagramBiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe AsamoahRookie Podcast 03: Coronavirus Crash? Do's and Don'ts from Recession Veterans Joe Asamoah and Steve RozenbergBiggerPockets Youtube: Big City BRRRR Strategy & Recession Proof Cash Flow Real Estate with Joseph Asamoah!Check the full show notes here: https://www.biggerpockets.com/show498See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    497: Bigger Deals, Better Profits: 10 Steps to Your First Large Multifamily w/ Brian Murray and Brandon Turner

    Play Episode Listen Later Aug 22, 2021 85:13


    We're back for part two with The Multifamily Millionaire authors Brandon Turner and Brian Murray. This time, Brian is on the mic to give you the ten steps to purchase your first large multifamily property. You may be thinking that these ten steps sound too easy for such a large deal, but that is part of the advice that Brian gives.Brian wants smaller multifamily owners or even single-family owners to know that buying a large multifamily property is just more volume, not a completely different skill set. If you own one or multiple units right now, you may have more skills than most to take down a 100-unit apartment building or a big mobile home park. The only thing standing in your way is the mindset.This episode just scratches the surface of what's possible in large multifamily real estate investing, the rest can be found in The Multifamily Millionaire Volume II. As a reminder, if you purchase before the end of August 2021, you'll get a four-week multifamily masterclass, taught by Brandon Turner.In This Episode We Cover:Why chasing larger deals leads to larger profits Understanding the skills needed to become a successful multifamily investorShrinking your criteria down to a micro-level, not just a macro overviewStarting (or investing in) syndications so you can get into bigger multifamily dealsCapital stacks, debt, and other types of financing when buying large propertiesWhy underwriting is more than just putting numbers into a spreadsheetAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelBiggerPockets BookstoreBrandon's InstagramDavid's InstagramBiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian MurrayBiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian MurrayDiscover the Multifamily Book bonuses Click here to check the full show notes: https://www.biggerpockets.com/show497See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    496: Become a (Small) Multifamily Millionaire in 7 Steps w/ Brian Murray and Brandon Turner

    Play Episode Listen Later Aug 19, 2021 86:16


    For the most part, Brandon Turner was able to achieve financial independence through small multifamily investing. This is why investing in duplexes, triplexes, quadplexes, and even 24-unit apartment buildings can be a fantastic learning experience and money maker for new landlords. But how do you get started if you've never bought a property before?Brandon and his co-author of The Multifamily Millionaire, Brian Murray, walk through the seven steps to go from real estate onlooker to small multifamily master. We talk about everything from defining your criteria, financing, management, lead generation, and more. If you're looking to build a portfolio of small multifamily properties that will allow you to break out of the rat race and do more of what you love (which may be large multifamily), make sure you not only listen to this whole episode but get Brandon and Brian's new book!This is a two-part episode series. In part one we talk about small multifamily and in part two we talk about large multifamily, both episodes have crucial information for anyone trying to get into the multifamily space!In This Episode We Cover:The difference between small multifamily properties and large multifamily propertiesFinancial independence vs. generational wealth and understanding which goal you haveWhy you don't necessarily need to start small in multifamilyDefining your crystal clear criteria and knowing what you wantOn-market leads vs. off-market leads and the pros/cons of bothFinancing small multifamily properties and house hackingThe “multifamily warp” that takes you from newbie investor to multi-millionaireAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Youtube ChannelBiggerPockets BookstoreRealtor.comLoopNetZillowJason Drees's CoachingRyan Murdock's InstagramMike Williams's LinkedIn ProfileMicah Cabagbag's InstagramBiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian MurrayBiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian MurrayCheck the full show notes here: https://www.biggerpockets.com/show496See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    495: The Science Behind Taking Risks (and Why They Definitely Pay Off)

    Play Episode Listen Later Aug 15, 2021 56:31

    It often seems like the most successful people are the ones who take the most risks. There's no surprise that at one point, billionaire entrepreneurs were given the choice to either stay where they stood or leap for something greater. This is something that today's guest, Sukhinder Singh Cassidy, understands. She's helped lead some of the biggest companies around like J Crew, Stitch Fix, TripAdvisor, and Urban Outfitters (just to name a few).The one thing that Sukhinder has found throughout her years in Silicon Valley and through writing her new book, Choose Possibility, is that groundbreaking leaders don't just take one big risk, they take several small ones. This works for real estate investors too. If you've just gotten into real estate investing education, the first step for you isn't to go out and buy a house, it's to join a meetup, contact an agent, or even join the BiggerPockets forums. These are what Sukhinder calls the “minimum viable choice”. Don't worry about doing everything, just do something!Sukhinder gives some great advice on leadership for those in executive business roles, plus how to find talent in this increasingly competitive market. If you're just starting in your career, take Sukhinder's advice and do great work for great people, the rest will fall into place.In This Episode We Cover:How Sukhinder's love of entrepreneurship began“Coconut events” vs. “subway events” (and how you can plan for both)Embracing uncertainty and calculating your risksStarting in Silicon Valley and building a strong reputation Choosing to make the “minimum viable choice” whenever possibleHow to know whether you're managing others or having others manage youWhat leaders and business owners can do to attract the best talentAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Youtube ChannelOpenDoor CapitalBrandon and David's BooksBiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid VisionsBiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTokChoose Possibility WebsiteClick here to check the full show notes: https://www.biggerpockets.com/show495See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    494: The Five F-Words Every Real Estate Investor Needs to Master

    Play Episode Listen Later Aug 12, 2021 58:30


    There's a new three-peat on the BiggerPockets Real Estate Podcast, and no, it's not Michael Jordan. Danny Johnson, the founder of Forefront CRM, is back with us on today's episode to talk about the five F-words of real estate investing. Before you jump to conclusions, this is a family-friendly show, the F-words we're talking about are fear, fundamentals, focus, funnel, and follow up.Many investors find too few deals, too few motivated sellers, or too few ways to find financing. This is all being said while other investors are closing deals, finding motivated sellers, and getting the financing they need to pursue even more deals. What separates the two from each other? Often, it comes down to the simplest things.Are you trying to be too creative or are you mastering the fundamentals? Do you know your metrics down to a tee so you can improve upon them? How is your funnel being filled and where are your leads coming through? If leads come through, are you following up or letting them fade away? And lastly, are you pushing past your fear to do any of the above things?If you feel like you're stuck, without much of a handle on your real estate business, feel free to try Danny's Forefront CRM!In This Episode We Cover:How to create time freedom in a business largely depends on your effortsTracking how your team performs their work and continuously improvingPushing past fear and not allowing laziness to stop your dreams Understanding the fundamentals and performing them as well as possibleTracking and reviewing metrics consistently Knowing the costs to fill your funnel and seeing every phone call as a potential dealFollowing up with customers (without being too salesy or pushy)And SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Youtube ChannelBiggerPockets Podcast 018 : Flipping, Marketing, and Wholesaling with Danny JohnsonBiggerPockets Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny JohnsonTrelloPipedriveForefrontCRMBrandon's InstagramDavid's InstagramCheck the full show notes here: https://biggerpockets.com/show494See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    493: How COVID Changed Real Estate Forever (+How it Didn't!) with Ken McElroy

    Play Episode Listen Later Aug 8, 2021 69:16

    It's rare to find someone with the experience, knowledge, and downright friendliness of Ken McElroy, which is why we're having him back on the show! This time, Ken breaks down some of the fundamental truths of real estate investing and how it can help you, as an investor, make more money, reach financial freedom, and live the life you were born to live.Ken has been in the real estate game for decades, starting as a property manager in college, becoming a landlord with a sizable portfolio, then meeting Robert Kiyosaki and working on books, education, and systems with some of the biggest names in real estate. Ken has been through multiple market cycles, dozens of policy changes from the government, and made lots of money on many different types of deals. He has a unique experience that gives him a leg up on much of the new competition.You'll hear Ken's thoughts on the “affordability crisis” we may be facing in the coming years, how short-term rentalsare changing the landscape of month-to-month rentals, and how an inexperienced investor can get started with “good debt”. Make no mistake, the lessons Ken talks through in this episode took decades to learn, but you can get them all in just over an hour!In This Episode We Cover:How COVID did (and didn't) affect the market for real estate investorsLeveraging “good debt” so you can build your real estate empireWhen prices of labor, lumber, and new construction will flattenWhat the future of the real estate market will look like, and how landlords can benefitWorking with the system (government, tax codes, etc.) as opposed to working against itWhy great deals will always get funded (especially in today's market!)And So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Youtube ChannelOpenDoor CapitalBrandon and David's BooksReal Estate Rookie BootcampBiggerPockets Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroyAirbnbGet Ken McElroy's free e-book for BiggerPockets listenersClick here to check the full show notes: https://www.biggerpockets.com/show493See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    492: Robuilt's Tiny Houses That are Cashing in MASSIVE Profits Every Month

    Play Episode Listen Later Aug 5, 2021 56:20

    Rob Abasolo, AKA Robuilt on Youtube, didn't have a background in real estate, or construction, or hospitality, or really anything related to his current success. He did have drive, creative thinking, and the will to make something work when other people told him it was impossible.Rob and his wife moved from Kansas City to Los Angeles, trading a $1,100 mortgage on a house for a $1,800 rent bill on a small apartment. Around this time, Rob started hearing about Airbnb and short-term rental hosting. So, he decided to buy a house, keep his apartment, and try his hand at some Airbnb arbitrage. It worked, and thus the short-term rental revenue model was proven!Rob then started to Airbnb out the apartment attached to his new home. He was pulling in some solid income, anywhere from $2,000 to $3,000 a month. So what did he do next? He built a “tiny house” in his backyard for around $72,000 and began renting it out for up to $4,000 a month on Airbnb. That's when Rob thought “what if I built ten of these?”Now, four years later, that's exactly what he's done. Rob has a growing portfolio of short-term rentals all across the United States. From California to Texas, to Tennessee and beyond. But this isn't the end for Rob. His new plans? Build a massive “glamping” compound on his newly acquired 50 acres of land in Gatlinburg!In This Episode We Cover:Airbnb arbitrage and the risk of always going after cashflowOffsetting your mortgage with short-term (or long-term) house hackingAirbnb regulations and making sure you're allowed to host visitorsBuilding a “tiny house” and the cost associated with itFunding your deals through HELOCs and partnerships The new trend of “glamping” and why it may be a massive opportunityAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Youtube ChannelAmerican Horror StoryTuroJoshua Tree Harebnb ListingBiggerPockets Podcast 280: The Key to Making Great Deals (Hint: Overlooked Properties!) with Mark Hentemann (Writer for TV's Family Guy!)ZillowAirbnbCheck the full show notes here: https://biggerpockets.com/show492See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    491: 5 Rules of Health & Wealth to Become the Millionaire with a Six Pack

    Play Episode Listen Later Aug 1, 2021 96:31

    Many of us have a story behind doing what we do. You may have been raised by parents living paycheck to paycheck, spurring you to chase financial freedom and create a better life. Or maybe you labored tirelessly at work to get a promotion or raise, simply to be passed up for someone else. For Adam Gilbert, founder of MyBodyTutor, his “why” is his father.Adam looked up to his father all his life but saw the pain and distress he was going through when he had a heart attack, a triple bypass surgery, and was later diagnosed with multiple sclerosis. This forged a path for Adam that materialized in the health and fitness space. Adam knew that he never wanted to be “too tired” to play with his kids, spend time with his family, or pursue a passion.As Adam has grown his business over the past decade and a half, he's come away with many lessons that ring true for not only fitness enthusiasts but business owners as well. We talk through the five rules that Adam has put together for anyone to become healthy, wealthy, and mentally sound. While this is a mindset episode, you'll be surprised with how many of these rules crossover almost perfectly into real estate investing.In This Episode We Cover:When to quit your full-time job and pursue your passionsChoosing daily consistent action over large infrequent actionsWhy health is the ultimate productivity tool Setting up “planned indulgences” and being strict, yet fair with yourselfChoosing consistency over intensity and opting for small changes over timeDoing what scares you until it doesn'tAccountability through partners, coaches, and friendsAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Youtube ChannelBiggerPockets BookstoreGoBundanceOpenDoor CapitalBrandon and David's BooksAdam from My Body TutorBiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin HardyMybodytutor.com Special Deal for ListenersClick here to check the full show notes: https://www.biggerpockets.com/show491See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    490: 7 “Ninja Tips” From One of Hawaii's Largest Real Estate Investors

    Play Episode Listen Later Jul 29, 2021 79:10

    We all know that Hawaii is expensive. With its black sand beaches, fantastic surfing waves, and delicious poke bowls, why wouldn't you want to live and invest there? Well, even with all those positives, many investors steer clear of Hawaii due to its high prices and lack of land, but one investor, Indar Lange, has proven those critics wrong.Indar is Hawaii's largest flipper, running about 15 flips at any given moment, and tackling deals priced at upwards of $3,000,000! Indar is no rookie to the game, he's been doing this for the last decade and a half, but he had humble beginnings.Growing up poor on a farm in rural Hawaii, Indar thought that his life would be set once he got his engineering degree. After realizing that engineers topped out at about $150,000 per year, Indar had to think of something else to do. He coincidently bought a small home at the time, fixed it up, and sold it after living in it for a few years. He paid zero taxes on the gain and this became his first live in flip, which caused the real estate wheels to start turning in his head.Now, he's hooked up with some of the best lenders, agents, wholesalers, contractors, and investors in the Hawaii area, taking down massive deals for a big payday. You'll hear Indar's full story and catch his “Ninja Tips” for the aspiring real estate investor.In This Episode We Cover:Why real estate the go-to investment for the wealthiest people in the world Completing a live in flip and the tax benefits associated with itWhen it makes sense to attend a real estate course (even expensive ones)How Indar stopped his first flip from falling through due to lack of fundingFinancing your deals with hard money and private money loansLong-distance real estate investing from HawaiiCost segregation studies and other tax write-offs from real estateIndar's “Ninja Tips” for real estate investorsAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Youtube ChannelBiggerPockets BookstorePlastiqBiggerPockets Hard Money LendersBiggerPockets Money PodcastMindy's BiggerPockets ProfileHome DepotYelpBiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl YarberBiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” MurdockBiggerPockets ConferenceBrandon and David's BooksAdam from My Body TutorCheck out the full show notes here: https://biggerpockets.com/show490See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    489: How Are You Preparing to “Exit Rich” in Real Estate?

    Play Episode Listen Later Jul 25, 2021 75:07


    Real estate is a business, but we often don't think of it that way. A single-family home here, a duplex there, at the end of the day we're just landlords, right? What if some large corporation or outside buyer wanted to buy your real estate business from you. Even better, what if you had such efficient systems in place that you could sell your business for 10x what you put into it. Sounds pretty sweet right?Today we talk to Michelle Seiler Tucker & Sharon Lechter, authors of Exit Rich and Rich Dad Poor Dad. Michelle and Sharon have spent years building and selling businesses and have defined the 6 Ps to a profitable exit. Their main critique of most business owners: start planning to scale efficiently TODAY.This can help you as a real estate investor start putting systems in place to grow your portfolio faster and with less work from you later on. If you're willing to put in the upfront effort to start hiring right, systematizing, and opting for efficiency you most certainly will “exit rich”!In This Episode We Cover:What business owners do that costs them millions in company valuation The 6 Ps to a profitable (and stress-free) exitBuilding systems that allow your business to grow efficiently Focusing on company culture and having an employee liaisonWhy most business owners won't let go of their “hands-on” roleHow a business is valued (and what you can do to boost your valuation)And So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelGoBundanceOpenDoor CapitalBrandon's BooksBiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneCherry Creek Lodge - Guests RanchExit Rich Website Click here to check the full show notes: https://www.biggerpockets.com/show489See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


    488: From 4 Units to 2,000 and Why Large Multifamily “Isn't So Scary”

    Play Episode Listen Later Jul 22, 2021 78:50

    The average journey of a real estate investor tends to go something like this: buy a house, use profits to reinvest into another house, buy a duplex here and there, and buy another house again. Does this sound like you or someone you know?For Feras Moussa, stacking single-family properties was never the goal, especially after he had to manage his first rental investments. At some point, it becomes too hard to scale and you're stuck with 30+ units and 30+ tenants all trying to get your attention to fix something. This is how real estate can become more of a job than a business.Feras knew this so he started venturing into medium/large multifamily investments instead. His first big multifamily deal was a 99-unit deal in Atlanta, Georgia. He was able to take a neglected apartment complex and turn it into a cash-flowing, high-value piece of property that he later sold for a sizable multiple. Now, Feras does bigger deals, like a $50M+ apartment complex that his company Disrupt Equity and Open Door Capital are partnering on.If you feel too scared to jump (or even dip your toe) into bigger multifamily investments, hear out Feras. He shows it's a lot less scary than most people think.In This Episode We Cover:How to scale your real estate investment portfolio with medium/large multifamilyThe habits that a successful multifamily investor developsNetworking and being more than just the “business card” personWhy masterminds are a HUGE source of deals, partners, and friendsUnderwriting and how it differs from basic deal analysisUsing “value-add” to increase the value of a property and cash flowThe red flags you should look for when buying multifamily properties And SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Youtube ChannelGoBundanceBrandon's BooksBest Ever ConferenceBlackstoneCheck the full show notes here: https://biggerpockets.com/show488See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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