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We ve heard about how the introduction of Apple s iPhone changed the business model of Apple (again) and how this one product represented 60% of the company s revenues before the iPhone was four years old. Apple is certainly one company that continues to innovate it s business model. Well, the most innovative distributors are doing the same. […] The post How Valin Innovated Its Business Model To Increase The Value Of The Company 6 Fold in Just Four Years appeared first on Dirk Beveridge.
Two years ago, Joe England was just a full-time military guy, dreaming about financial freedom. Now, he’s done over 20 deals and is taking massive action to create an incredible future for himself. On this episode of the BiggerPockets Podcast, we dive deep into Joe’s story and learn how taking massive action has helped him build his portfolio — despite being deployed overseas the majority of the time.In This Episode We Cover:How Joe learned about real estate from infomercials and BiggerPocketsWhy he needs power of attorneyImportant books he’s readHow he started investing while still deployed in IraqHow he landed 22 properties in just 10 monthsWhat exactly a rent-ready property isWhat kind of properties he invests inHow he finances these dealsJoe’s end goal and his “why”The state of the real estate market in BaltimoreHow to NOT be a slumlordHow he manages his propertiesHis experiences with bad property managersHow to find properties on the MLS and ZillowThe strategy of putting an offer on everything he seesHis advice for the militaryAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets PodcastBP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneBP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge ShukhatBiggerPockets BookstoreZillowLandlords: 8 Tips for Hiring the Best Property Manager (blog)Investing in American Real Estate While Serving in the US Military (blog)BiggerPockets AnalysisAdvertise with BiggerPocketsBP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben LeybovichBooks Mentioned in this ShowBiggerPockets Ultimate Beginner’s Guide to Real Estate InvestingThe Book on Rental Property Investing by Brandon TurnerThe Book on Flipping Houses by J. ScottInvesting with No or Low Money Down by Brandon TurnerThe 10X Rule by Grant CardoneEgo Is the Enemy by Ryan HolidayThe One Thing by Gary KellerTweetable Topics:“When doing an offer, if you are not embarrassed by your offer, it’s too high.” (Tweet This!)“Real estate is kinda like an accidental pregnancy. At the end of the day, you’ll figure it out.” (Tweet This!)“You can measure success by creating new problems.” (Tweet This!)Connect with JosephJoseph’s BiggerPockets ProfileEmail Joseph
How does one transition from doing simple houses to more complex deals? That’s the topic on today’s episode of the BiggerPockets Podcast, where we sit down once again with Jered Sturm, a real estate investor from the Midwest who’s made the transition from doing all his own work on single family houses to purchasing larger properties. In this episode, we dig in deep on the purchase of his newest 42-unit apartment complex and the unique “value-add” ideas he discovered that made this property a home run!In This Episode We Cover:A quick recap on how Jered got started in this gameWhat market is he in and how it changed over the last couple of yearsWhy he moved his investing from Cincinnati to AtlantaHow he uses partnerships to manage different marketsTips for funding using other people’s moneyThe goal that led to using syndicationSelf-fulfillment rather than just buying moreThe importance of figuring out your “why“How he has the discipline to not spend their quadrupled incomeWhy you should separate out the “business income”How he found his 42-unit apartment complexTips on managing cold calling What criteria was he looking forThe advantages of having dedicated water lines for the unitsThe beauty of adding value to propertiesWhat exactly a resident manager isWhy building structures made the difference in their businessHow he financed this multifamily dealUsing the BRRRR strategy on large multifamilyAnd SO much more!Links from the ShowBP Podcast 124: Building a Real Estate Empire At a Young Age with Jered SturmBiggerPockets ForumsBiggerPockets WebinarBiggerPockets PodcastWhat Sets Apart Successful Real Estate Investors From Those Who Fail, Quit, or Never Get Started? (blog)BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneBP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge ShukhatBuildiumBiggerPockets BookstoreBooks Mentioned in this ShowThe Book on Rental Property Investing by Brandon TurnerThe Book on Managing Rental Properties by Brandon Turner and Heather TurnerTraction by Gino WickmanE-Myth Revisited by Michael E. GerberTweetable Topics:“Self fulfillment is how can you be the best you can be while also helping others be the best they can be.” (Tweet This!)“We’ve over prepared for the future, and even though we’re still pretty small, we’re running like a large company.” (Tweet This!)“Management makes or break the investment.” (Tweet This!)Connect with JeredJered’s BiggerPockets ProfileJered’s BiggerPockets Author ProfileJered’s Company Website
What has five letters but causes so much fear that millions of wannabe investors never get started? That’s right: TAXES. But taxes don’t need to be scary — and understanding and utilizing the tax system can actually help grow your business and help you build incredible wealth. That’s why we’re excited today to sit down with Brandon Hall, a CPA and real estate investor who works exclusively with real estate investors to help them strategize and organize their business in the most cost-saving way possible. We cover Brandon’s real estate journey, including house hacking, LLCs, S-Corps, bookkeeping, and so much more. You’ll love Brandon’s engaging and entertaining personality, and for once in your life, you might even enjoy learning about taxes!In This Episode We Cover:How Brandon realized the need for a CPA through the BP communityHow he grew his firm through the BiggerPockets ForumsThe importance of giving value to othersThe details on his three-unit propertyTips for hiring a “leverage property manager”How to find investors in your communityThe details on his second triplexWhy he focuses on multifamilyHow he funds his deals through FHA loansThe way he looks at PMIA mistake he is guilty of when it comes to inherited tenantsTraining your tenants and other management hacksThe tax benefits of house hackingMistakes he’s made in his real estate investingTips for finding a good CPAAdvice for those deciding whether to use an LLC or notWhat you should know about LLCsThings to know about the “real estate professional” tax designationWhen to hire a bookkeeperCommon mistakes investors make with taxesAnd SO much more!Links from the ShowBiggerPockets MeetBiggerPockets WebinarBiggerPockets Forums (with new leader feature)BiggerPockets BookstoreBP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge ShukhatXeroQuickbooksThe Tax Implications You MUST Understand Before House Hacking (blog)Looking to Invest Out-of-State? Here’s How to Pick and Analyze a City (blog)The Importance of Reserve Accounts (Or What a Surprise Roof Replacement Taught Me) (blog)BP Podcast 004: Commercial Real Estate Investing With Frank GallinelliBP Podcast 162: How to Pay Less to the IRS with Amanda Han, CPABP Podcast 005: Dealing with Death – A Financial Discussion with CFP Neal FrankleBooks Mentioned in this ShowThe Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarlandThe Book on Managing Rental Properties by Brandon and Heather TurnerWhat Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank GallinelliIt’s Not Rocket Science by Dave AndersonTweetable Topics:“Don’t try to sell yourself. Let your content sell yourself.” (Tweet This!)“You as the business owner should not be in the bookkeeping.” (Tweet This!)“The ongoing tax strategy throughout the year, that’s the time to save money.” (Tweet This!)Connect with BrandonBrandon’s BiggerPockets ProfileBrandon’s Company WebsiteBrandon’s LinkedIn
How would you like to own ten, fifty, or a thousand rental units? That’s the topic of today’s podcast roundtable with three previous guests of the BiggerPockets Podcast, Ben Leybovich, Brian Burke, and Serge Shukhat. These three investors have three very different business models, and in this fascinating discussion, each shares how they use rental properties to build wealth and passive income. We discuss (and debate) every aspect of the investor’s journey — all in an effort to help you succeed! We also discuss the big dangers rental investors face and how YOU can avoid those problems! Don’t miss this incredibly powerful episode with three fun, smart, and successful rental property investors!In This Episode We Cover:Where is the rental market headed?Is planning for appreciation useless? (Debate!)What mistakes do new investors make?Overcoming challenges to investing in TODAY’S marketIs it too late for newbies to buy rental properties?The best “single tip” from each panelist for newbiesAnd SO much more!Links from the ShowBP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben LeybovichBP Podcast 061:How to Succeed in Multifamily Investing – A Unique Conversation with Josh, Brandon, and BenBiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian BurkeBP Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian BurkeBP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge ShukhatBP Podcast 131: Investing in Multifamily Properties in a HOT Real Estate Market with Serge ShukhatBooks Mentioned in this ShowThe Book on Rental Property Investing by Brandon TurnerThe Book on Managing Rental Properties by Brandon & Heather TurnerBrandon Turner’s The Book on Investing with No or Low Money DownConnect with The PanelBrian Burke’s BiggerPockets ProfileBrian’s websiteBen Leybovich’s BiggerPockets ProfileBen’s websiteSerge Shukhat’s BiggerPockets Profile
Everyone wants to invest in multifamily properties. (Well, almost everyone.) But with the market heating up around the country, great deals are becoming incredibly difficult to find. That’s why we had to bring back one of our most popular guests on the BiggerPockets Podcast, Serge Shukhat.The last time we talked with Serge back in episode 60, Serge told us how he built up a massive portfolio in just a few years. But if you were impressed then, this show is going to blow you away. Filled with TONS of actionable tips, stories and warnings, this is one episode you are going to want (and need) to listen to over and over again.In This Episode We Cover:How Serge got started in real estateWhat he’s been up to since his last episodeWhat value add and value add investors areWhat you need to know about commercial lendingHow he used seller financing for his 32 unitsThe 3 components of successfully purchasing multifamily propertiesThe ins and outs of cap rate and exit cap rateWhy Serge does his own property managementThings to avoid when value add investingWhat exactly submetering isInstances when overlooking things may cause problems later onThoughts on using multi-units as vacation rentalsHow to train resident managers and tenantsThe importance of changing your strategy depending on the marketWhat you should know about long term 30-year fixed financingWhat secondary markets are — and why Serge likes themHow to connect with owners and resident managersHow to keep a competitive advantageAnd SO much more!Links from the ShowBP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge ShukhatBP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneBiggerPockets ForumsStop Obsessing About All Those Damn “Rules” in Your Real Estate Investing (Blog Post)LoopNetBiggerPockets Multi-Family and Apartment Investing ForumsBooks Mentioned in this ShowThe Magic of Thinking Big by David J. SchwartzRich Dad Poor Dad by Robert T. KiyosakiLandlording on Auto-Pilot by Mike ButlerThe Real Book of Real Estate by Robert T. KiyosakiThe 7 Habits of Highly Effective People by Stephen CoveyThe ABCs of Real Estate Investing by Ken McElroyThe E-Myth Revisited by Michael E. GerberThe ONE Thing by Gary KellerHow to Win Friends & Influence People by Dale CarnegieTweetable Topics:“If you want to do a syndication, make sure you find a syndicator that is experienced. It’s all about the sponsor.” (Tweet This!)“Time is not your enemy in real estate, time is your friend.” (Tweet This!)“Be on a location where people want to be.” (Tweet This!)“No matter how successful you are, you got to keep moving forward.” (Tweet This!)Connect with SergeSerge’s BiggerPockets Profile
Change is good, right?We hope so – because in this episode of the BiggerPockets Podcast, we change a lot of things up and invite you to come sit in the BiggerPockets digital coffee shop and listen in on a fascinating discussion! For the first time, we bring back a previous guest on the BiggerPockets Podcast to move beyond “their story” and dig into the dirty details on a very popular and important topic: multifamily rental properties.Today Ben Leybovich, who shared with us his powerful journey almost a year ago on episode 14 of the BiggerPockets Podcast, is going to talk with us about what it takes to succeed as a multifamily investor – looking beyond the numbers and truly investing in the right kind of properties.As I said- this show is a little different. Rather than just an interview, we decided to make this episode more of a “conversation” between Ben, Josh, and myself – discussing (and often loudly debating) everything from “what kind of properties to buy,” “what kind of location someone should buy in,” and a long debate on one of Brandon’s most recent purchase- the ugly purple triplex.Although this is our longest show, at almost two hours in length, I think this is one of the most powerful podcasts we have ever done because it’s totally unfiltered, deep, and raw. Come be a fly on the wall in our “digital coffee shop” and discover everything you ever wanted to know about investing in multifamily rental properties.In This Show, We Cover:Managing single family versus multifamily propertiesWhy cash flow is not enough to base your decisions onBrandon’s “Waldo” property: good, bad, or something else? (Leave your opinion on the debate in the comments below!)The Validity (and Problems with) the “Rental Property Rules“The 13 Steps to Analyzing a Multifamily PropertyHow valuation differs between single family and multifamilyDealing with studio or one bedroom apartmentsWhy Ben doesn’t like 2 bathrooms in an apartmentBen tells Josh to “shut up“How to really learn what expenses will beAnd a lot more! Links from the ShowBP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren SagerBP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge ShukhatHow I Found, Analyzed, and Bought an Ugly Purple Rental Property (Waldo) by Brandon TurnerShould I Buy a Rental Property with Great Cash Flow in a Bad Location? by Brandon TurnerHow to Buy a Small Multifamily Property by Brandon TurnerBigger Pockets Rental Property CalculatorBigger Pockets Fix and Flip CalculatorThe 50% Rule: How to Quickly Analyze a Multifamily Investment PropertyBiggerPockets.com/meet (Find Local BiggerPockets Members)Books Mentioned in the ShowLandlording on Auto-Pilot by Mike Butler13 Steps to Valuing Your First Multiplex – A Step by Step Guide [Kindle Edition] by Ben LeybovichTweetable TopicsYou can put lipstick on a pig all day long – but if you have a pig, you still have a pig. (Tweet This!)We don’t put money into property- we put money into location. (Tweet This!)If you wanna fly – you need to hang with people who fly. (Tweet This!)Stumbling blocks and stepping stones look very much alike. (Tweet This!)Our job as an entrepreneur is to produce cash flow out of thin air. (Tweet This!)Connect with BenBen’s BiggerPockets ProfileBen’s Website: JustAskBenWhy.com