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BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

Author: BiggerPockets

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Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers.

Co-hosted by Brandon Turner, David Greene, and BiggerPockets founder Joshua Dorkin, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people.

Start listening and join the 1.3 million members who are learning to invest! Visit biggerpockets.com, and follow us on Instagram (@biggerpockets, @beardybrandon, @davidgreene24, @jrdorkin) and Twitter (@BiggerPockets, @BrandonAtBP, @DavidGreene24, and @jrdorkin).

387 Episodes
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Interested in someday making the leap to bigger investments? Don't miss this one!Ben Leybovich and Sam Grooms join us for a high-level conversation about how they transitioned from flips and smaller assets to 100-plus-unit, value-add multifamily deals.Since the first part of this show was recorded pre-coronavirus, we brought the guys back on to hear their thoughts on today's market and get an update on how their business is doing amid the volatility (spoiler: pretty well!).In This Episode We Cover:Finding the perfect partner for youThe 6 factors they look at when analyzing a marketWhy Sam & Ben keep such a large reserve fundWhy investors sometimes overvalue cash flowWhy they like the Phoenix marketHow to establish a competitive edge in real estate investingHow they look at multifamily syndication as "a long flip"Why equity protects youBuying insurance against interest rate increasesHiring their own construction teamHow they're adjusting to COVID-19And SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets PodcastBiggerPockets CalculatorsBiggerPockets Podcast 382: No Money Down BRRRR Investing with Josiah Smelser (Part 1, Recorded Pre-Coronavirus)BiggerPockets Podcast 382.5: Surviving When the BRRRR Hits the Fan with Josiah Smelser (Part 2, Post-Coronavirus)DeloitteBiggerPockets Conference 2020BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe AsamoahOpen Door CapitalBiggerPockets Podcast 313: How to Be Happy AND Grow a Massive Business with Entrepreneur Jesse Itzler (and Josh!)Check the full show notes here: http://biggerpockets.com/show383
What happens to a no-money-down BRRRR investor when a pandemic breaks out, lending standards suddenly tighten, private money lenders get skittish, and property values quickly drop?Today, Josiah Smelser returns to the show and tells all.In Part 1 yesterday, we learned how Josiah built a $4M portfolio by buying, renovating, renting, refinancing, and repeating using both hard money and private money.Coronavirus hit him hard. And if he didn't have cash reserves, credit options, and the right mindset, it might have totally wiped him out.When the virus hit, Josiah had 10 properties he needed to refinance. It was a perfect storm: His private money lender immediately pulled funds, his refinance bank changed their terms, and property values dropped—all at once—meaning he would need to bring way more cash to the table.What happened next? Listen to this episode to learn about how Josiah made it through the nightmare and came out on the other side... with more equity and reduced interest payments.Real estate investing isn't all sunshine and rainbows. But if you keep your mind right, plan your exit strategies, and maintain cash and credit lines, you too can survive the curveballs thrown your way.In This Episode We Cover:What happens when private lenders want their money backWhy Josiah's bank changed the loan-to-value ratio on himTapping a cash-out refinance in an emergencyTrying to sell a property you had planned to BRRRRTaking out loans in your spouse's name to get around loan limitationsKey to pulling off a BRRRR in a down marketHow Josiah saved $750K in interest over 30 years by getting a lower interest rateHow an attorney can help you arrange a great partnershipWhy Josiah looks at this stressful time as a highlight of his real estate investing careerAnd SO much more!Links from the ShowBiggerPockets ForumsDavid's InstagramBiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan MurdockMindy Jensen's BiggerPockets ProfileBiggerPockets Money PodcastOculusCheck full show notes here: https://www.biggerpockets.com/show382-5
Today we bring you Part 1 of back-to-back episodes with real estate investor/appraiser/author/all-around good guy Josiah Smelser.This first conversation was recorded pre-coronavirus lockdown, but it's packed with tips you can put into action today. You'll learn how Josiah solved the #1 bottleneck in his business (capital!), allowing him to BRRRR at scale and rack up rental properties with very little money out of pocket. Even more impressive: he's doing it long-distance (The properties are in Dallas, TX and Josiah lives in Huntsville, AL.)And if that weren't enough, the guys go in-depth on appraisals – and the techniques you can use to help appraisers see your side of the story. Josiah's a longtime licensed appraiser, so he speaks from experience... and he shares his playbook for giving yourself the best chance to pull all your money out of your deal.If you like what Josiah has to say, then be sure to check it Part 2 tomorrow. We bring him back on, post-COVID-19, to discuss the serious challenges he's faced: lenders pulling out, property values dropping, and even a domestic violence issue at one of his rentals.The good news: he made it through. Tune in tomorrow to hear how!In This Episode We Cover:Why Josiah sold his properties pre-2008 crash (and why he still regrets it!)Combining hard money and private money to BRRRR with no money out of pocketHow Josiah uses "boots on the ground" partners to invest at a distanceWhy he analyzes 8-10 deals per dayBuying houses sight unseenWhy BRRRR investors must keep cash reservesHow to talk to appraisers (like getting out of a speeding ticket!)Why a property's list price is irrelevantDeals... on the MLS, in 2020?!The square footage trick that's made him thousands of dollarsLosing out to a lower offer on a big multifamily dealAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets PodcastBiggerPockets CalculatorsZillowBring Brandon a DealBrandon's InstagramOpen Door Capital LLCBiggerPockets 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 MurrayGoBundanceCheck the full show notes here: https://www.biggerpockets.com/show382
Can you flip, wholesale, and buy rentals throughout a downturn?Yes... IF you heed the advice given out in today's episode.Our guest Tucker Merrihew is more than qualified to tackle this subject, having launched his real estate business in Portland, Oregon, in 2008—during one of the worst housing markets of all time.In a rare "Double Deep Dive" segment, Tucker walks us through a couple TTM Development projects from 2009 and reveals exactly what he did right and wrong at the time.As for the coming months... you'll learn which types of properties to avoid, which price ranges to target, and why renovating old homes can be risky business at this stage of the market cycle.Plus, Tucker explains why he underwrites every deal at 3 different prices to make sure it passes his "Oh $#!# Test" if the market goes south.Tucker is a seasoned pro with hundreds of deals under his belt, and he shares tons of valuable information for free in this episode. Be sure to subscribe to the BiggerPockets Real Estate Podcast for more tips on investing safely while taking advantage of the opportunities ahead.
Feeling like you're in uncharted territory as a landlord? You're in good company!Today's show walks you through how to ethically and profitably manage rentals through the COVID-19 outbreak and beyond.Brandon and David sit down with Mike Butler, acclaimed author of Landlording on Autopilot; Chris Clothier, partner at REI Nation (formerly Memphis Invest); and Dave Poeppelmeier, owner of eight houses in Toledo, Ohio.You'll get a ton out of this panel discussion, including exact scripts for communicating with non-paying residents, strategies for connecting tenants to government resources, a discussion about "deferment" vs. "forbearance," and much more.Mike (500+ units), Chris (6,000+ turnkey units), and Dave (8 properties, mostly student rentals) are all in different markets and at different stages of their investing careers... so you're guaranteed to learn something you can apply in your business today.Enjoy this episode, jump on the BiggerPockets Forums to connect with fellow investors, and subscribe to this show in your favorite podcast app so you won't miss us next week!In This Episode We Cover:Mortgage forbearance vs. deferment for landlordsWhat % of REI Nation's tenants paid April rentEstablishing open lines of communication with tenantsWhat tone to use in conversations about rentWhy Dave proactively reached out to his rentersGuiding tenants to government resources (unemployment, etc.)Creating contingency plansMike's "Wendy's walk-up window" for rent paymentHow to look for better financing in low-interest-rate environmentsHow to stay organized if you're getting government assistance for your businessAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarsBiggerPockets BookstoreBiggerPockets Podcast 224: Building a Process to Buy 17 Deals a Week with Chris ClothierAre Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do!BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan MurdockBiggerPockets Bookstore Check the full show notes here: https://www.biggerpockets.com/show380
There are plenty of opinions out there about where the real estate market is headed next. But what are the numbers telling us?Today we dig into the data with Dave Meyer, BiggerPockets' VP of Growth and Analytics and a real estate investor himself.Dave leads BiggerPockets Insights—a Pro/Premium benefit providing current local market data—and he's been looking at data points in the weeks since shelter-in-place orders began to grind the economy to a halt.So...Why are rents down? Why haven't prices dropped? And what data should investors be keeping an eye on? The guys tackle those questions and much more in today's episode.Plus, Dave discusses his list of the country's best 11 cashflow markets adjusted for vacancy and explains what makes them so attractive right now.Add in a topical "Fire Round" and a breakdown of Dave's "ski for free" Airbnb scheme, and you've got an action-packed episode sure to bolster your confidence in these uncertain times.Check out this episode of the BiggerPockets Real Estate Podcast, and be sure to subscribe to the show in your favorite podcast app so you won't miss the next one!In This Episode We Cover:The top cashflow markets in the country for high value and low vacancy3 data points Dave looks at when analyzing a new marketWhy housing prices haven't fallen much yetDave's (cautiously optimistic) forecast on real estate pricesWhat's happening to rents nationwideWhat "income-to-price" reveals about a marketWhat BiggerPockets Insights isHow new investors can take advantage of this downtimeThe potential of a population shift away from urban centersHow Dave bought an Airbnb in Colorado to "ski for free"And SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarsBiggerPockets BookstoreBiggerPockets Podcast 186: How to Get Your First Few Properties — Even in a Competitive Market with Dave MeyerAir DNABiggerPockets Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren SagerBiggerPockets ProBiggerPockets InsightsNewbie Real Estate Investors - What YOU Should Be Doing During This COVID TimeBiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert GreeneCheck the full show notes here: http://biggerpockets.com/show379
With a recession already underway, we're turning to an investor with 30 years of experience, 3,000-plus multifamily units acquired, and one of the sharpest minds in real estate.Brian Burke is back today, and he sits down with Brandon and David to offer his interpretation of current events and to guide our audience through how to invest passively without violating Warren Buffett's No. 1 rule: "Never Lose Money!"Brian explains how his firm Praxis Capital is navigating COVID-19 and shares a few tips everyday investors can use to fortify their portfolios. We also discuss leverage, how lending practices are changing, and techniques you can use today to safeguard your investments against vacancy and drops in valuation.In the second half of the show, Brian speaks to those interested in becoming "hands-off" investors—whether you want to focus on making money in your day job or just don't want to deal with being a landlord. After all, BiggerPockets has 10-plus books on how to actively get deals done... but none (until now) on how to evaluate passive investment opportunities.We go over how to meet syndicators, what red flags to look for, how to diversify your investments... and the absolute No. 1 quality to look for in a passive investment (hint: it's NOT the deal itself).This episode is packed with deep insights into the current market shift, but it's also a timeless lesson in evaluating syndication opportunities.For more info, check out Brian's new book, The Hands-Off Investor: An Insider's Guide to Investing in Passive Real Estate Syndications, and all the great bonus content, too.In This Episode We Cover:How Brian got his start raising capital from his cop buddies"Bulletproof vests" investors can use to survive right nowBrian's definition of "over-leveraged"Why Brian is currently more focused on operations than acquisitionsHow government stimulus $ may affect the real estate marketHow and where passive investors meet syndicatorsThe #1 quality passive investors should look for in a syndicatorWhy the deal sponsor is more important than the deal itselfDiversifying your passive investment portfolioRed flags to look for when evaluating syndicatorsWhy "alignment of interests" is overratedThe lesson he learned from a friend who lost her life savingsLinks from the ShowBiggerPockets ForumsBiggerPockets WebinarsBiggerPockets Business PodcastReal Estate Rookie PodcastBiggerPockets Money PodcastBiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian BurkeBiggerPockets Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian BurkeBiggerPockets Podcast 152: Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge ShukhatBiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert GreeneBiggerPockets BRRRR GuideBiggerPockets BookstoreCheck the full show notes here: http://biggerpockets.com/show378
Today's guest does 125 deals a year in Dallas—from his home base in the Caribbean.How? Well, he bailed on direct mail marketing and doubled down on radio ads.And when others froze up as the coronavirus spread, his team put in new systems and closed a $23,500 wholesale deal... without even stepping foot inside the house.Chris Arnold zigs when others zag, and today you'll learn how he sets up his business so he can consistently work ON it, not in it... while enjoying a great lifestyle in Tulum, Mexico.Chris shares timely tips for how to orchestrate deals while maintaining safe social distancing (he even holds "Zoom open houses" with multiple cash buyers at once); breaks down which team member handles each aspect of a transaction; and delivers a fantastic tip for new real estate investors struggling to stay focused.Plus—Chris shares how advertising on local radio stations has elevated his home-buying business to new levels. Look, he says, you might prefer podcasts... "but you are not your seller!"We play one of his ads on the show, and he guides us through how to research various audiences and negotiate the best rates with stations.This show covers it all—from the finer points of buying properties at deep discounts to the mindset shifts Chris has made along the way.Check it out, and if you enjoyed this please share it with just one family member or friend. We appreciate you, and we'll see you next Thursday.In This Episode We Cover:Why Chris runs his business virtually from MexicoHis #1 lead generation strategy: good old-fashioned radio!3 major demographics he markets toWhy "bouncing" is the reason so many newbies fail3 shifts he's made to adapt to COVID-19How he decides whether to wholesale or fix and flip a propertyThe exact workflow his team uses to work leads from start to finishHow he inspects houses remotelyClosing deals over the phoneHow he puts together "Zoom open houses" for cash buyersHow he's finding cash buyers who will buy sight unseenHow the market is reacting to coronavirusWays to back out of a contract if necessaryAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Coronavirus Relief ProgramsBiggerPockets WebinarsHow to Build a Deal PipelineRealtorZillowPandoraThe Multipliers MastermindBiggerPockets Business PodcastReal Estate Rookie PodcastBiggerPockets Money PodcastGoBundanceCheck the full show notes: http://biggerpockets.com/show377
Strength in numbers!When you finish this episode, you'll have 12+ action items that could help you withstand the coming economic slump... and perhaps even accelerate your path to financial freedom.Each investor featured today gives you their top piece of advice for handling an economic downturn: from mindset, to leadership, to specific strategies you can begin to put in place TODAY.Don't miss this one, and be sure to subscribe to the BiggerPockets Real Estate Podcast for more hard-won wisdom on how to lead your business through the coronavirus crisis and beyond.In This Episode We Cover:Why now is the time to write a 10-year vision for yourselfServing others first, even when our impulse is self-protectionCutting overhead to preserve cashFinding creative ways to rent out propertyCollecting payments up-front, for a discountWorking with lenders if you're having shortfalls with rentInvesting as a group to hedge riskControlling your emotions when the market is volatileWhy you should be building a team NOWThe importance of picking up the phone to nurture relationshipsAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets MagazineBiggerPockets ConferenceGoBundanceBiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn$13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ OsborneBiggerPockets WebinarBiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy PapasanBiggerPockets BookstoreBiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay PapasanKirkland Signature Protein BarsBiggerPockets Money Podcast 100: From Financial Disaster to Real Estate Master with Brandon TurnerJason Drees CoachingBiggerPockets Podcast 162: How to Pay Less to the IRS with Amanda Han, CPABiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian BurkeAppSumoBiggerPockets Podcast 213: Investing in Real Estate Without Being a Landlord with Noah KaganBiggerPockets Podcast 201: Flipping 100+ “Zombie” Houses with Justin StamperBiggerPockets Business PodcastLandlordologyCozy.coAre Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do!BiggerPockets Youtube Channel876: What Makes a CEO with BiggerPockets CEO, Scott TrenchScottSilverRealtyBiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron AmuchasteguiCheck the full show notes here: http://biggerpockets.com/show376
Economic upheaval. Tenants losing their jobs. Entire cities shut down.How should real estate investors operate today?In this episode, we’re opening up the phone lines and patching in both expert investors (Tarl Yarber, Avery Carl, Justin Stamper) and newbies (Sawyer, Adam, Joe) in various markets across the country.What you’ll learn: how hard-hit short-term rental operators can adapt to travel restrictions, how to plan for non-payment of rent, which strategies are likely to work best in the coming economic shift, what the heck is going on with interest rates... and much more.Tell us what you think of this new format, and be sure to subscribe to the BiggerPockets Real Estate Podcast for more on how best to run your business in unprecedented times.Stay safe and we’ll see you next Thursday.In This Episode We Cover:How certain areas of the country are affectedHow to find renters at this timeHow to make your Airbnb business thriveWhy panic selling is not recommendedThe value of working with a partnerWhat to do if your properties are affectedHow the pricing of properties are affectedVarious creative financing you can tryCurrent status of various investorsWhy rents never go downAnd SO much more!Links from the ShowBiggerPockets ForumsZombie House FlippingBiggerPockets Podcast 201: Flipping 100+ “Zombie” Houses with Justin StamperTravelNursing.orgFurnished FinderRNvip.comTrusted HealthCross Country NursesAYA HealthcareBiggerPockets Podcast 374: What Real Estate Investors NEED to Know About the Coronavirus, the Economy, and the Problems at Your DoorBiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery CarlClearBankOpen Door CapitalBiggerPockets Youtube ChannelBiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl YarberMelanie & Dave Dupuis's InstagramAre Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do! (Video)Dave RamseyJustin Stamper's InstagramJustin Stamper's WebsiteThe Short Term ShopAvery Carl's BiggerPockets ProfileBiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery CarlTarl's InstagramBiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl YarberCheck the full show notes here: https://www.biggerpockets.com/show375
Rent's due... or is it?From quarantines to eviction moratoriums to a plummeting stock market, COVID-19 has upended seemingly everything -- and today we talk through what it all means for real estate investors.J Scott, author of Recession-Proof Real Estate Investing, and Scott Trench, author of Set for Life and CEO of BiggerPockets, join Brandon and David for a roundtable discussion packed with perspective and insight.We begin with a high-level analysis of today's economy, and discuss how you can fortify your portfolio in the face of a likely recession (there's still time!). Then, the guys take on your most pressing questions -- starting with, "what happens if my tenant doesn't pay rent?"*NOTE: If you want to skip directly to audience Q&A, that section starts at 1 hour, 5 minutes.*Whether you're a brand new investor nervous about getting started... or a veteran waiting for the right opportunity to deploy capital, this episode will give you a chance to take a deep breath and assess the playing field.We hope you enjoy this special episode, recorded March 18... Stay safe, take care of yourselves, and stay tuned for more Coronavirus content across all BiggerPockets platforms in the days and weeks ahead.In This Episode We Cover:BiggerPockets members' top questions right nowHow to control your emotions when people around you are panickingWhich strategies do and don't work well during downturnsHow to approach tenants who have lost income and don't pay rentThe importance of "buying right" and keeping cash reserves6 ways real estate investors should prep for a recessionHow power dynamics in the marketplace will changeWhether you should still be out there looking for dealsHow to productively use your time while confined indoorsAdjustable Rate Mortgages todayCOVID-19's effect on the overall economyThe effects of Quantitative Easing and 0% interest ratesAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Money PodcastBiggerPocketsReal Estate Rookie PodcastBiggerPockets Business PodcastMindy Jensen's BiggerPockets ProfileImperial College COVID-19 Response Team ArticleRay DalioBiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie DukeBiggerPockets Calculators4 Wealth Generators of Real Estate Investing (video)ZillowBiggerPockets Podcast 311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J ScottCheck the full show notes here: http://biggerpockets.com/show373
Four years ago, Lee Ripma was brand new to real estate. She vowed she'd one day appear on the BiggerPockets Podcast. That day has come.And we're all better off for it!In this action-packed episode, Lee traces her journey from full-time field biologist to newbie who jumped straight into long-distance multifamily (wait 'til you hear about her first deal!) to developing apartment buildings in the high-end Los Angeles market.You'll learn how she formed relationships with local, "boots-on-the-ground" partners on her BRRRR deals in Kansas City, why she came to prefer value-add multifamily deals over BRRRR, and how she's able to find higher and better uses for properties in Southern California.From looking at our podcast stats, we know a LOT of you are in hot markets like L.A., New York, San Francisco, and Washington, D.C. If you've ever thought to yourself, "My market's so expensive... How can I invest in real estate?"—look no further.This episode will get you motivated, and it may just ignite your real estate investing career!Be sure to subscribe to the BiggerPockets Real Estate Podcast, sample the other BiggerPockets podcasts in our network (just search "BiggerPockets" in your favorite podcast app), and as always, if you appreciate this content, please give us an honest rating and review on Apple Podcasts.In This Episode We Cover:Why she abandoned the idea of building a tiny house empireHow her career as an environmental consultant prepared her for real estate investingWhy innovation can be overratedHow she screwed up her first deal and still made 28% cash-on-cashWhy choosing a “submarkets” is more important than the general market you chooseWhy she shifted from BRRRR to value-add multifamily investingHow she unlocks value in rundown apartment buildingsFinding “boots-on-the-ground” partners for out-of-state dealsHow she learned the development game by apprenticing under an experienced investorHow real estate development creates money out of thin airTearing down single-family homes and building 4-unit apartment buildingsHow she moves projects more quickly by using “prefabricated construction”Why “value-add” drives the biggest returns on investmentAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Money PodcastHow to Find Overlooked Opportunities in a Hot Market with Andrew CushmanBiggerPocketsTask RabbitBiggerPockets Podcast 092: No (and Low) Money Down Real Estate Investing with Brandon TurnerPodcast MovementBiggerPockets MoneyTiktokCheck the full show notes here: http://biggerpockets.com/show373
Securing financial freedom for her family through long-distance real estate investing!West Point graduate Erin Helle's story starts the day she was ordered to deploy to Afghanistan. She already had a young daughter, and her husband was headed to Iraq.Something had to change.Mix in a serious health condition, the result was this: Erin felt forced to take action and build something that would endure and provide for her daughters no matter what.In this episode, you'll learn which steps she took. From buying new construction, to flipping at a distance, to using a self-directed IRA to purchase a rental property, this show is packed with valuable lessons from an investor who's acquired 20 doors in the span of two years.Erin shares a powerful story that's sure to make you think hard about the legacy YOU plan to leave behind and what you plan to do to get there.In This Episode We Cover:Buying new constructionGenerating momentum as a newbie investorErin's key performance indicatorsLead measures vs. lag measuresOut-of-state real estate investingTeaching young kids about moneyWhy getting your real estate license may be overratedWhy she doesn't "DIY" anymoreAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” MurdockOpen Door Capital$13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ OsborneBrandon's InstagramCraigslistZillowRedfinBiggerPockets Money PodcastBiggerPockets Business PodcastClick here for full show notes: http://biggerpockets.com/show372
More "newbie" content. More "first deal" success stories. Tips, tools, and step-by-step guidance from investors just one step ahead of you.That's what many of you have been asking for.And that's what you'll get when you subscribe to Real Estate Rookie, BiggerPockets' newest podcast!Episode 1 is LIVE now, and it's a gem if we do say so ourselves—check it out here.In this brief announcement, Brandon and David introduce hosts Ashley Kehr and Felipe Mejia (remember them from episodes 348 and 329?)... and explain WHO would—and wouldn't—benefit from listening to Real Estate Rookie.You might be asking—is the "OG" BiggerPockets Podcast changing? Or even going away? Not a chance!In fact, we hope you listen to both shows.Check out Real Estate Rookie today, and Brandon and David will have another great interview right here tomorrow.Then next week, you'll get an episode of Real Estate Rookie on Wednesday, and we'll be back to regular programming.Tell us what you think of the new podcast, join the Facebook group (just search "Real Estate Rookie"), and give Ashley and Felipe a follow on Instagram @wealthfromrentals and @felipemejiarei!
$700,000-plus in wholesale fees—fresh out of high school!On this show, Will Brown reveals how laser-focusing on “deal flow” allowed him to build a rental property portfolio, build a self-sustaining business, and amass a small fortune… all in a matter of months.You’ll be blown away by Will’s story of being struck by inspiration while playing Grand Theft Auto at age 18. That led to the BiggerPockets Podcast, and well… you’ll have to hear the rest of his story to believe it.If you want to know the exact structure of a four-deal-per-month wholesaling business and the specific marketing methods Will uses to reach sellers, check out this episode. He walks us through how he handles leads, how he manages his business from 3,000 miles away, and why he’s handing over the reins to a partner so he can focus on building a technology startup.This is a fantastic episode highlighting a BiggerPockets member who took massive action, trusted the process, and saw massive results. Download this one, and make sure you’re subscribed to the BiggerPockets so you won’t miss a show!In This Episode We Cover:How Will built a powerful marketing machineHow he's able to spend only 30 minutes on each dealHow he prevents leads from slipping through the cracksRingless voicemail messaging and text message marketingWhy he prefers wholesaling over flipping housesHow he handles tricky title issuesWhy it's never a bad idea to make an offerWill's artificial intelligence startupAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Ultimate Beginner's GuideBiggerPockets Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael QuarlesBiggerPockets PodcastBiggerPockets Podcast 209: Flipping 83 Homes in the Last 18 Months with Kevin CarrollBiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal NewportShark TankCheck the full show notes here: http://biggerpockets.com/show371
Get to know enough CPAs, and you'll hear the "light bulb" story."I was helping this real estate investor with her taxes... and thought, 'Why am I not doing this?!'"Yes, there are POWERFUL tax breaks available for rental property investors. But you have to know what to look for!That's the focus of today's episode AND the new book (out today!) from Amanda Han and Matt MacFarland: "The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors."You'll hear Amanda and Matt break down the basic concepts you need to understand in order to reach your goals, outline the questions you should ask your CPA, and take on the notorious "Do I need an LLC?" question.You'll also learn about more complex strategies like advanced/bonus depreciation, Opportunity Zone investing, and 1031 exchanges... plus, how short-term rental investors and flippers can optimize their tax strategy.This episode is packed with free information that is literally valuable—meaning it could save you thousands, or tens of thousands, of dollars!Download this one, check out the book, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next show.In This Episode We Cover:How Amanda and Matt ended up doing tax/real estateWhat they do and how they help clientsWhat their new book is all aboutHow to save tons of money in terms of taxesBest time to work with a CPAHow an LLC plays into a real estate investor’s life3 benefits of working with a professionalImportance of having a system in place with the help of tax and legal advisorsHow cost segregation comes into playWho does a cost segregation studyOther things investors should not do on their ownWhy it pays to be cautious when it comes to 1031 exchangesWhy buy and hold is preferable over flipping from a tax perspectiveCool things about short-term rentals from a tax perspectiveWhat an Opportunity Zone is and why it mattersWhat a flow-through entity tax break isAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarExplore Companies on BiggerPocketsBiggerPockets BookstoreIRS Website Check the full show notes here: http://biggerpockets.com/show370
Want to step out of your business and finally gain the freedom to think more strategically? Let Jefferson Lilly show you how!Jefferson is a mobile home park investor, who went from sleeping on an air mattress on-site at his mobile parks to running a lean team and focusing his energy on raising millions from investors.No matter what stage of your career you’re in or what your preferred strategy is, you’ll get a ton of value out of this high-level discussion about building a “2.0” business that serves you AND your team.You’ll learn how Jefferson went from acquiring parks “deal by deal” to starting a fund, how he overcame fear to hire several six-figure employees, and how he incentivizes his team to maximize occupancy.Also, Jefferson breaks down the criteria he uses to narrow down potential deals (including proximity to a Walmart)—AND reveals the four main ways he and his team reach out to mom-and-pop park owners.This is an awesome show, whether you’re interested in mobile homes or not. So check it out, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next one!In This Episode We Cover:The “unfair advantages” of mobile home park investing4 main methods to find off-market dealsHow his team uses brokers to source dealsHiring 6-figure employeesHow Jefferson has raised more than $30M from 200 investorsHow he incentivizes his team based on occupancy2 factors that drive profitability in the mobile home park businessThe difference between a “2.0” business vs. a “1.0” businessJefferson’s biggest career regretWhy he aims to hire “coaches” rather than “cheerleaders”How and why he started a fund rather than individually syndicating dealsAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly$13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ OsborneBiggerPockets Podcast 339: 60,000 Tenants?! How Frank Rolfe Built a Mobile Home EmpireMobile Home UniversityBiggerPockets Podcast 262: $600,000 Per Month in Gross Rents from Mobile Home Parks with Jefferson LillyIndeed.comBiggerPockets Podcast 361: Using $3,500 to Kickstart an “Unsexy” Investment Empire with Tristan ThomasTim Ferriss PodcastThe Dave Ramsey ShowQuickbooksCheck the full show notes here: http://biggerpockets.com/show369
On today’s show: accelerated wealth-building through leverage and systems!Palak Shah walks us through how she built a $4M portfolio in just three years by "supercharging" the BRRRR strategy.Palak left a career in corporate America to focus full-time on real estate in the Philadelphia area, and she applied her training as an engineer to create airtight processes that help her business run without her.You’ll love hearing how she finds deals from wholesalers on Facebook, why she’s not afraid to sell off some of her BRRRR properties, and how she creates checklists to determine whether a deal fits her criteria.Also, we discuss how to beat “analysis paralysis” by remembering her acronym “A.B.L.E.”Palak is a relatable, inspiring investor who offers great tips for anyone hoping to transition away from a 9-to-5… so check out this episode today, and share it with a friend or family member!In This Episode We Cover:Leaving her corporate job to take more control over her timeWhy she’s OK paying capital gains tax rather than using 1031 exchangesFlexing your “risk-taking muscle”Using hard money for BRRRR projectsCreating “templates” to make investing easier over timeCriticisms of the BRRRR strategyWhy she sells off some of her BRRRR propertiesUsing local banks and credit unionsHer mantra: “Fortune favors the finance-savvy”How her systems allowed her to buy 2 properties from IndiaHer “A.B.L.E.” method to escape analysis paralysisHow she bought 9 units for 40% off the list priceHow she used a home equity loan to borrow $160KAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarFear-Setting: The Most Valuable Exercise I Do Every MonthHow to Make $100,000/Year with Fixer-Upper Rentals (by Buying Only 2 Properties Annually)Microsoft ProjectRedfinHustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David GreeneBiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy PapasanCheck the full show notes here: http://biggerpockets.com/show368
7X-ing her income by leaving a so-so job to flip houses!Today’s guest is Kara Beckmann, a rehabber and rental property investor who’s tearing it up in Scottsdale, Ariz., and on her Instagram page @beckmannhouse.You'll be inspired by Kara's journey from pastry chef to retail worker to full-time investor funding deals with private and hard money. Kara shares some great tips for networking with wholesalers and builders to snag deals (to date, she's spent $0 on marketing).You'll also learn how she maximizes profit by sticking to her rehab budgets, how she keeps contractors on deadline, and how she manages risk by outlining several different exit strategies.Kara's story will motivate you to apply your own "unique ability" to your real estate business and overcome the fear that might be stopping you from doing your first or next deal!Enjoy this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next one.In This Episode We Cover:How Kara learned saving habits at age 14How she started thinking like an entrepreneur while working in retailHow she was motivated by not getting a raise in 5 yearsBuying her first deal for $50K below asking priceReinvesting profits from her first flipHer apprenticeship with a general contractorHow she develops a scope of work and deadlineWhy she doesn’t spend any money on marketingHer networking tipsThe challenges of investing without W-2 incomeHow she prepares several exit strategies for each dealWhere she gets inspiration for her designsHow she sticks to her budgets (the “price per square foot” method)Incentivizing her contractors to complete work on timeAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Money PodcastBiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)BiggerPockets ConferenceZillowRealtor.comTikTokEmail: podcast@biggerpockets.comCheck the full show notes here: http://biggerpockets.com/show367
From panicked newbie with just $1,000 saved to 40 rental units—in two years’ time!On today’s show, we sit down with Henry Washington, a buy and hold investor from Arkansas who’s built a sizable portfolio while working full-time.You’ll learn how Henry changed his mindset as he and his wife prepared to start a family and how he secured his first deal by doing something anyone can do—simply announcing to the world that he buys houses.You’ll also learn how Henry built a deal pipeline by looking in places other investors didn’t, how he asked more experienced investors for help when he didn’t know what to do next, and how he does business with local banks to expand his portfolio.Plus, Brandon and David dig into how to property screen tenants, how to decide when to flip or BRRRR vs. when to hold onto a rental, and how to use an online ad campaign to drive a steady supply of leads to your website.This episode lays out a blueprint for building massive wealth. Just adapt it to your market, and work the process.Don’t miss this one, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next!In This Episode We Cover:How “panic” drove Henry to start saving and investingHow he started his investment career by simply “paying himself first”The list he used for his first (wildly successful) direct mail campaignThe lessons he, Brandon, and David took away from Rich Dad Poor DadWhy he told people he bought properties (before he ever did!)Why writing down his fears helps him conquer themHow he sought help from a more experienced investor on his first dealHow he used a 401(k) loan to buy a cash-flowing propertyHow he launched a Google Ads campaign to drive traffic to his websiteThe power of small, local banks to fund dealsWhy he holds open houses rather than individual showings for tenantsWhy the best real estate investors buy “situations,” not housesAnd SO much more!Links from the ShowBiggerPockets Forumsbiggerpockets.com/podcastsurveyBiggerPockets Business Podcast 30: How to Guarantee Profit From Day 1 with Mike MichalowiczGoogle AdwordsLeadPropellerCozy.coTruliaRealtorHotPadsZillowCraigslistBiggerPockets BookstoreBiggerPockets BusinessCheck the full show notes here: http://biggerpockets.com/show366
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Comments (84)

creative group

Seasoned Real Estate Investors understand that caution is what is required. If you have the financing to purchase great buys reevaluate the deal and seek a reduction. (Amount of reduction is up to your deal) If not pull back offer and wait it out. This is a very unknown territory for everyone. Freeze when there are dramatic changes. Multi-Unit properties are more shielded with tenants who may be essential workers. First responders, Doctors & Nurses.

Apr 20th
Reply

Guillermo Alfaro

whats the name of that $1,000 to a million book??

Apr 16th
Reply

Joseph O'kray

What happened to the Josh Dorkin?

Mar 20th
Reply

Sean Hill

What prefabricated construction company are you using?

Mar 15th
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Ahmed Tha King

one of the most motivating podcasts I've heard from BP yet!

Feb 18th
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Paul

Great content but I hope you both get better microphones in later episodes. Distortion.

Jan 20th
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Matthew McKibben

I went to high school in Cambridge, mn. the next town over from North Branch

Jan 17th
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Aerial Penguin

39:00

Dec 29th
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Solmaz

Starting the bigger pockets podcast with the first one

Oct 27th
Reply (1)

Kevin Redmond

Starts at about 27 minutes

Oct 11th
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Matthew McKibben

I love his book and PB. Thank you guys for all you do for the millions of people you've never met

Oct 10th
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Paul

Audio not so good on this one, but content is gold.

Oct 5th
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Kevin Redmond

I wouldn't really consider this to be "surviving" a crash, maybe as a person and as a family, but not financially.

Sep 20th
Reply

StrikeForceSaw

this is sick

Sep 12th
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Jonathan Herdina

It's kind of hilarious to me that Brandon is incapable of saying David's name without adding Greene to the end of it. David Greene just rolls off the tongue I guess.

Sep 5th
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Lars Cronin

i love the advice snd the story of her journey, im 23 and this is so encouraging

Aug 18th
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K Pierre

I tried starting this podcast from the first episode... no way I'm gonna be able to do that lol

Jul 17th
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K Pierre

idk if you'll be able to see this but I'd like to know if it's best to start off with getting my real estate license before getting into business?

Jul 11th
Reply (2)

Matthew McKibben

This guy is amazing to listen to. what he has done with his life and business is my life long goal. Hearing his story really helped me stay focused and get the ball rolling. Thank you BP for the Podcast.

Jul 2nd
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Matthew McKibben

I really like the way she thinks. I love the idea of the on property management

Jun 28th
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