BiggerPockets Real Estate Podcast

Busy people tend to be...busy, and often, real estate investing is one of the things that they “just don’t have time for”. If you feel that way, listen to today’s guest, Dion Mcneeley as he describes his own system for buying real estate the “lazy” way. Dion was a police officer and a truck driving instructor, taking care of his kids as a single parent, and struggling to get ahead. He went from $89,000 in debt to becoming debt free and financially free, thanks to the help of rental properties, in just 10 years. After buying his primary home, Dion heard of success in owning rental properties, so he decided to move out of his house and into an apartment to see if he fit as a landlord. He rented the house to his friend, who later moved out without notifying him. Dion tried to make landlording work with another tenant, but ended up being underwater on the house payments. This is when he found BiggerPockets and read Rich Dad Poor Dad. What was Dion’s mistake? He wasn’t running his rental properties like a business. After upgrading his processes, he went on to buy and house hack a duplex. Then he bought another duplex as an investment, and another one, then another house hack duplex. Within just 6 years, he had 7 units and was raking in $2,700 a month in pure cash flow!Dion talks about the mistakes he made, why he prefers side-by-side duplexes, how he’s located his properties for maximum asset protection, and goes into his amazing strategy for getting tenants to sign longer leases and raise their own rents. You can check out Dion’s Youtube channel or find him on the Real Estate Rookie Facebook Group!In This Episode We Cover:Why being lazy can be a benefit when building systems for real estateHow to use your job and your rentals to achieve a 100% savings rateThe benefit of side-by-side duplexes as opposed to two-story duplexesMaking sure that your procedures are easy so they can be repeatable Getting tenants on longer leases and higher rents with the “Binder Strategy”Spacing out rentals so you have a large pool of tenants to choose fromAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 276: Early Retirement ($10k/Month) by Age 35 with Bryce StewartBiggerPockets Podcast 443: 10 Ways to Learn Anything Faster with Jim KwikBiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe AsamoahBiggerPockets Money PodcastBiggerPockets Business PodcastBiggerPockets RookieRookie Podcast 51: 18 Deals in 2 Years AND a Full Time Job with Kevin ChristensenCDS Rental Calculator AppBiggerPockets Rental CalculatorZillowTruliaWells FargoGuild MortgageBiggerPockets Facebook GroupCheck the full show notes here: http://biggerpockets.com/show448

What do you want out of life? What do you want to accomplish in the next 3-5 years? When asked this question, most entrepreneurs give a pretty simplistic answer. Something like “Oh, we’ll get more clients by this time next year” or “I’ll buy two more houses and then I’ll be happy”. How often do we sit down and paint a picture of what we want our life to look like? Today we’re discussing Vivid Visions with their creator Cameron Herold.Cameron is a veteran in the business world, he likes to say that he was “groomed” by his entrepreneurial grandparents and father to become a success story. By the time Cameron was 21, he had a full-on business that had 12 employees, and at 22 he bought his first rental property. He later became a franchisee for College Pro Painters and was so successful that he went on to coach new franchisees.He’s partnered with hundred-million dollar companies, grown and sold businesses for millions, coached the CEO of Sprint, a monarchy in the middle east, has written 5 books, and runs the Second in Command Podcast, where he talks to successful COOs. Cameron is someone who clearly has accomplished a lot and has a TON of wisdom to share.Cameron has serious knowledge on business management and talks about the importance of the CEO and COO relationship. Cameron describes how a COO needs to be a partner to the entrepreneur (the CEO) and operate as the ying to the CEO’s yang. If you’ve heard the terms “the visionary and the innovator” from books like Traction, this is exactly what Cameron is talking about.If you’ve been wondering where the idea of a “plan” or “vision” comes into play, Brandon, David, and Cameron all discuss their “Vivid Visions” and how it’s led them to success in their life. Cameron coined the term “Vivid Vision” because most entrepreneurs were simply writing down a 1-2 sentence mission statement instead of creating a vision of what they wanted their company and future to look like. This vision not only helps you build a life you want by design, it also entices great executives, employees, and partners to join you on your path to that clear and decisive “Vivid Vision”.In This Episode We Cover:How Brandon found out about the “Vivid Vision” and how it has changed his worldview since creating oneWhy Cameron decided to coach COOs as opposed to CEOsThe importance of having a COO or 2nd in command that you trust and believe inWhy your job postings should scare those who aren’t ready to take risks and growWhy entrepreneurs have such a hard time when letting goHow to create your “Vivid Vision” in 7 stepsWhat a great “Vivid Vision” looks like, what it includes, and how to structure itAnd So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeBrandon's InstagramDavid's InstagramBiggerPockets Business Podcast 39: Creating Your Vision and Achieving Massive Success with Cameron HeroldBiggerPockets Podcast 230: Real Estate Investing as a Side Hustle with Grammy-Winning Producer Seth MosleyBrandon's Vivid Vision (photo)Second-In-Command PodcastVivid Vision WebsiteClick here to check the full show notes: https://www.biggerpockets.com/show447

Have you ever had analysis paralysis? Maybe you have it right now and that’s why you’re listening to this episode! Kyle and Lauren Clugston would call that “productive procrastination”, and the only way to get out of it is to move forward! They should know, it took them over 3 years before they made their first move in real estate investing! In college Lauren stumbled upon Brandon’s old blog about real estate investing. As she read, she gained more confidence in the craft, and knew that real estate was what she wanted to do with her money. She then started trying to convince her partner, Kyle, that real estate investing was the way to go. As someone without an investing background, Kyle was hesitant, but took a leap of faith which paid off!Now they're BRRRR-ing their way through New Jersey, with single family and multifamily properties throughout the state. Lauren and Kyle had to learn a lot before they became the real estate success stories they are now. Things like doing inspections, estimating rehab costs, getting financing, setting up systems and procedures, and getting legal documents prepared were at one point a great challenge to Lauren and Kyle. Now, they’ve got them down!Lauren and Kyle lay out everything they wish their former selves had known, and go through the things that early real estate investors should worry about, and the things they definitely shouldn’t lose sleep over. This advice could save months, weeks, or hours off of your deal analyses and might be just the thing you need to get out of analysis paralysis! In This Episode We Cover:Why house hacking is such a great strategy for new investorsFocusing on the right metrics, whether it be cashflow or unitsDefining your specific roles as partners and investors The importance of weekly meetings with your teamSetting up your real estate to run like a business, not just a hobbyHow to put together an “invest with us” packet for private lendersAnd SO much more!Links from the ShowBiggerPockets ForumsGrant CardoneBiggerPockets Youtube ChannelBrandon's Old BlogBiggerPockets WebinarsBiggerPockets Rehab Estimator CalculatorBiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl YarberBathroom Example (file)Check the full show notes here: http://biggerpockets.com/show446

The BiggerPockets podcast has quite a diverse group of guests that come on the show. We’ve had writers, speakers, businesspeople, and actors, but this may be the first rapper we’ve had with us. Chris Greenwood AKA Manafest is in the studio, and instead of recording beats, he’s recording the best lessons he’s learned through his music career, real estate investing, and online business.Chris started out like many of us, working a stable job for a large corporation. After years of doing music on the side while working his full time job, he decided to take the jump and make rapping and rocking his career. Chris is the first to admit that this may not have been the best financial decision, and staying on the job for a little while longer could have relieved him of a lot of headaches. That being said, Chris didn’t just survive, he actually thrived in the music scene.When Chris and his wife decided to move out of their condo to upgrade to a larger home, they brought up the idea of renting out the condo instead of selling. This opened Chris up to the world of real estate investing, and as he saw the checks start to come in, he realized that this was a money maker that could help bring in stable income, passively while he worked on his music.Now Chris owns various properties and mainly buys from turnkey companies. Brandon, David, and Chris all have their own opinions on turnkey real estate investing, but they all agree on one thing: for those that don’t have much time to be an active investor, it’s a great way to start or stack up rental properties.Aside from rentals and rapping, Chris developed his own online course to teach other musicians how to successfully market their music in an industry that has such a high barrier to entry. Chris talks through how he separated himself from all the other “course gurus” and how you too can serve as an authoritative figure in your own community with knowledge, experience, and perseverance.In This Episode We Cover:How Manafest got his start in music (and why he made the jump to full time)The struggles and benefits of working a full-time job and pursuing your dreamsRenting your primary residence instead of selling when you move outNot getting sucked into the “you’ll have to fix toilets” fear of real estate investing Turnkey rentals and why they may (or may not) work for your investing strategyHaving the drive to help people before you ask for money or a saleChris’s book From Red to BlackAnd So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeManafest WebsiteClick here to check the full show notes: https://www.biggerpockets.com/show445

It seems like young real estate investors get more and more impressive every week. Today we talk with Cole Ruud-Johnson, a wholesaler and flipper out of the Seattle area. The impressive part? He’s 22 years old and has done 150+ deals to date! Even at 22, Cole’s journey wasn’t a linear path, he had lots of ups and downs to get him to the level of success he achieves now. Cole tried to be a real estate agent at 18, but wasn’t getting the hang of it. After failing at a couple of real estate brokerages, he entered into a third and learned how they were creating their own inventory via cold calling. He decided he’d give this a try, and partnered up with his friend to cold call for deals.After three months, an agent brought them their first off-market deal. This first deal alone netted them $105,000. Yes, you read that right, six-figures on ONE wholesale deal. This wasn’t enough for Cole, he knew he had to get back out there and work on getting his next deal.Cole’s small business grew to a small empire, but over time this pushed him into a massive burn out. He had to make some BIG changes in his business, many of which even business veterans wouldn’t be comfortable doing. Now he’s here with us on the podcast, talking through his lean team, his deals, his systems, and how new wholesalers can start getting deals. Cole even throws in the script he uses to get wholesale deals over the phone, so if you’re thinking about getting off-market deals or starting your wholesaling journey, this is the episode for you!In This Episode We Cover:How wholesaling and off-market deals can net big profitsWhy you need to be consistent when cold calling The script that Cole uses to get off-market and wholesale dealsHow to scale your business (and prevent massive burnout)Growing slowly to scale, instead of fast and crashingThe types of lists that Cole and his team pullKeeping the flow of communication open between you and your partnersTaking action instead of just taking in informationAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 443: 10 Ways to Learn Anything Faster with Jim KwikBiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason DreesBiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl YarberBiggerPockets Podcast 394: Making a 25 Deal/Year Business (and Marriage) Work… Together! with Elliot and Chrissy SmithBiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan SullivanCheck the full show notes here: http://biggerpockets.com/show444

During childhood, Jim Kwik experienced a traumatic brain injury. As a result, he lacked focus in school, wasn’t able to read properly, and at one point, a teacher told him that he had a “broken brain”. So how did a kid with a “broken brain” become the leading mental coach for athletes, CEOs, and movie stars? Simple: Jim looked into how to learn instead of what to learn. Soon enough, Jim was reading faster, memorizing with higher accuracy, and doing well in school.His friends asked him for some tips so they could improve their grades as well. With some success in his inner circle, he decided to make a flyer for speed reading and memory improvement classes. He put up the flyer at his college hoping one or two people would show up to his impromptu class. Over 100 students showed up, of which 71 signed up for a full course with Jim. After that, Jim knew it was his life mission to help those who wanted to learn, memorize, and live better.So why is it so hard for some people to memorize things? We forget details all the time, whether it be names, addresses, phone numbers, or other important information. Jim goes through a simple method to memorizing any piece of information, called the M.O.M system. He also outlines 10 tips for a limitless brain, many of which you can implement soon after you finish this episode!Even something as simple as reading slightly faster can allow you to save weeks worth of time each year. So if you’ve been beating yourself up over forgetting that one seller’s name, check out Jim Kwik’s podcast and his new book Limitless. As Jim puts it, increasing your memory and reading power not only adds years to your life, but life to your years!In This Episode We Cover:How Jim recovered from a traumatic brain injury as a childWhy school teaches us what to learn, but not how to learnIncreasing your reading speed so you can finish tasks fasterHow to remember important things like names, addresses, and phone numbersThe 3 keys to a better memoryThe 10 tips for a limitless brain (including diet, exercise, and learning)How to learn anything faster (no matter what it is!)And SO Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeJim Kwik’s podcastLimitless by Jim KwikClick here to check the full show notes: https://www.biggerpockets.com/show443

Hearing Bryce Stewart’s story may sound familiar to long-time BiggerPockets Podcast listeners. That’s because Bryce was on Episode 276 where he gave the great metaphor “vacuuming out the truck” relating to real estate investments.Bryce is back to talk about being a great mentor/mentee, what every contractor needs before working on a rental, how to go from active to passive real estate ownership, and his new book House-Hacker’s Guide To The Galaxy.Bryce understands what it’s like to be a new investor. Every step seems hard, the end result seems almost impossible, so where do you even start? Simply, take a step forward, no matter how small it is. Even just starting to save a few hundred bucks a month can be your first step towards becoming a real estate investor.As time goes on, these small steps become giant leaps, and what seemed impossible at first, can now be doubled since you have the know-how. Bryce takes us back to a time where he didn’t know how to get his property taxes lowered, but through very incremental steps was able to make a case and save himself thousands of dollars in the long run.Looking for a mentor? Stick around to hear Bryce’s top piece of advice for any new real estate investor. This simple tactic can help beginner investors know more about what they’re getting into and also show the mentor they’re serious about their new interest.In This Episode We Cover:Why small steps can lead to massive leaps in real estate investingHow to go from an active to a passive investorWhy newbies should know what collateral is and how it affects their loansWhat every contractor needs to have before they work with BryceA specialized and creative new BRRRR strategyWhat you can do to get your foot in the door as a real estate investorAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets Podcast 276: Early Retirement ($10k/Month) by Age 35 with Bryce StewartBiggerPockets WebinarsDocusignDotloopM1 MastermindYNABZillowThe Crown (Netflix)Young LifeCheck the full show notes here: http://biggerpockets.com/show442

When most people think of professional athletes, they usually think of superstars being paid millions every month (or even every week). Most people don’t come to realize that for everyone on an NFL team, that pay grade isn’t as high. That too, is what Hakeem Valles found out after being signed on by the Cardinals.Hakeem wasn’t making a lot, and realized that he was essentially throwing away $2,000 a month on rent. After one season with the team, he decided to go on BiggerPockets and ask around for agents and leads in the area. Hakeem ended up with a LOT of responses and found a great agent who helped him close on a fourplex, which he house hacked while practicing with the team.It’s hard enough to house hack when your tenants know you’re the owner, but it can be even harder when your tenants know you’re an NFL player. Hakeem’s advice: be a tenant of your own property and don’t let the other tenants know that you own the place. Doing this can help reduce some awkward encounters you may have.After retiring, Hakeem went on to do bigger real estate deals and partnered up on a 40 acre farm! He also owns Perspective Global Media, where he counsels other real estate professionals on how to grow their reach through social media platforms like TikTok and LinkedIn. Hakeem drops some gems towards the end of this episode on how you too can use TikTok to gain followers, clients, and partners!In This Episode We Cover:Why even professional athletes need to have multiple streams of incomeHow a shocking event in Hakeem’s life changed his outlook foreverFighting income creep and keeping expenses lowWhen renting does and doesn’t make sense for your financial situationThe biggest mistake Hakeem made when living in his fourplexHow to fight the fear of getting into real estate (and making mistakes)Using social media to leverage your personal brand and grow followers and clientsAnd So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeBooks Mentioned in this Show:Rental Property Investing by Brandon TurnerThe Go-Giver by Bob burgThe 1 Thing by Gary KellerClick here to check the full show notes: https://www.biggerpockets.com/show441

Believe it or not, TikTok isn’t just teenagers doing dances; there are actually some pretty influential investors on the platform. Meet Daniel Iles, a TikTok and Youtube creator who bought a staggering $1,000,000 in real estate during his first year of investing. Daniel was able to amass this serious sum of real estate while only putting $23,000 down. Now that’s impressive!Due to an aggressive goal of reading 60 books a year, Daniel picked up a book that many of our listeners have heard of, Investing in Real Estate with No (and Low) Money Down from our very own Brandon Turner. This unlocked the potential of investing in real estate for Daniel. He took advantage of FHA loans, using equity as down payments, and building his credit to get loans from small credit unions and banks.Daniel now owns 9 units and a combined valuation of almost $1,500,000, still with almost no money down. Daniel stresses that his success comes from systems. Whether it’s systems about credit cards, loans, tenant management, deal analyzing, or anything else related to real estate investing, systems are the key to keeping your sanity when things go wrong.He also has some tips for new investors trying to acquire a lot of real estate, in a small amount of time. Creating these systems for scaling will allow you to make smart decisions and invest in a way that doesn’t push you to burn out.In This Episode We Cover:Using TikTok as a creator, not a consumer, to connect with influential investorsHow Alaska real estate compares to continental United States real estateSecuring houses with low or no money downUsing equity in a house as the down paymentWhy small banks and credit unions may be more flexible when funding dealsWhat Daniel looks for in his rental propertiesTenant management systems for simpler investingAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreTikTokBiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok with Ryan PinedaZillowRealtorCraigslistTenantCloudTim FerrissCheck the full show notes here: http://biggerpockets.com/show440

Last week’s show with Marie Forleo was so good that Brandon and David are back with a special guest, BiggerPockets’ senior producer Kevin Leahy, to unpack all the wisdom from the “figureoutable” show.Kevin learnt about Marie Forleo though his wife suggesting he take some of her advice when transitioning into his current position at BiggerPockets. A simple trick from Marie helped Kevin make some big decisions: see if your body expands or contracts when you think about two different options. This trick, along with her insight on writing your options down in order to take a step back from your situation, has helped Kevin make some hard decisions.If you listened to last week’s show, you’ll remember that Marie touched on how important marketing is in any industry. Whether you’re a real estate agent, a buy and hold investor, or a flipper, you have to be marketing to get clients, deals, and even employees. How are you differentiating yourself in the market, and what can you do to be “that guy” or “that girl” in your specific industry?You’ll also hear a special tip on how Kevin lost a deal to another buyer, and the exact tactic that the other buyer used to get the property under contract. Kevin goes through why this is such a great tactic for making sellers comfortable and how you can deploy it in your future deals as well.In This Episode We Cover:How to stop trying to force square pegs into round holesThe importance of taking a step back when assessing the situationHarnessing intense emotions to make a better game planWhy every business person NEEDS marketing in their industryHow to differentiate yourself within a marketStanding out to sellers to get more deals underwayAnd So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeBiggerPockets Podcast 437: How Your “Worst Case Scenario” Can Set You Free From a Job You Hate with Marie ForleoClick here to check the full show notes: https://www.biggerpockets.com/show439

Anson Young’s voice may sound familiar to you, that’s because he’s been on the podcast four times! Every time he’s back we learn something new, and today, Anson is talking about how to find and fund great deals, regardless of your schedule, or budget. You don’t need to be a full-time real estate professional to find great deals, just be sure to follow Anson’s advice.If you haven’t heard Anson’s prior episodes, here’s a recap. Anson has touched on almost every aspect of real estate investing. He flips, he wholesales, and he sells houses as an agent, meaning he has a huge amount of knowledge to share to BiggerPockets listeners. On average, Anson is doing 12-15 flips a year, 10 wholesale deals a year, and a dozen or so sales a year as an agent.Anson has some great advice on finding off-market (and on-market) deals that include driving for dollars, door knocking, and list building. He also shares how to build a profitable list, what neighborhoods to look into for deals, and how to specify what type of home you’re trying to get depending on your goals.If you’ve been trying to get your foot in the door to real estate investing, Anson shares why many people have trouble at the start. It all comes down to consistency. If you’re new, it may be fun at first to start driving for dollars, but are you doing it consistently? Do you have an accountability partner that can hold you to a high standard to get the work done? Are you systematizing your leads or trying to juggle them all in your head?We also talk about Anson’s fantastic book Finding and Funding Great Deals, where you can find everything you need to find and fund your next real estate deal. We’re also happy to announce the BiggerPockets Book Club, where you can hear from Anson live and ask him questions about his deals, his book, and his portfolio!In This Episode We Cover:How to find profitable deals in hot markets Determining your goals and aligning them to your investor strategy What to do if you struggle with consistency in real estate investingHow to analyze not only your deals but your market as a wholeWhat to look for in niche lists when prospecting off-market dealsHiring out jobs to get your lead funnel filledHow to have your letter stand out when doing direct mail marketingAnd SO much more!Links from the ShowBiggerPockets ForumsDavid's InstagramBrandon's InstagramBiggerPockets Book ClubBiggerPockets Podcast 034: Virtual Real Estate Investing and How to Find Great Deals in a Hot Market with Anson YoungBiggerPockets Podcast 096: Finding Deals, Wholesaling and House Flipping in a Hot Market With Anson YoungBiggerPockets Podcast 235: How to Find and Fund Real Estate Deals with Anson YoungBiggerPockets Podcast 328: How to Laser-Focus on the Wildly Important With Author Chris McChesneyZillowRedfinOfficial BiggerPockets Facebook GroupWhitepagesBiggerPockets Podcast 012 : Wholesaling and Marketing with Sharon VornholtListSourceBiggerPockets Podcast 437: How Your “Worst Case Scenario” Can Set You Free From a Job You Hate with Marie ForleoBiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)Check the full show notes here: http://biggerpockets.com/show438

Marie Forleo, world class coach, marketer, and author, grew up with a mother that did everything. Whether it was retiling the bathroom, fixing a leak in the roof, or performing electrical engineering on small appliances, her mother seemed to be able to figure out almost anything. One day she told Marie “everything is figureoutable”, which became the mantra for her career.Fast forward a decade or so, Marie is working on the floor of the New York Stock Exchange, surrounded by the mega rich. She was stressed out and felt that she wasn’t in the right place. After a prayer and a cry, Marie knew she needed to get out from a job that was slowly killing her. She made the jump and went after coaching, without any experience, money, or clients.Before she left her job she asked herself, “what is the worst case scenario if I leave”. She calculated it out, wrote it down, and realized, the worst case scenario really wasn’t all that bad.Marie strongly believes that although you can be a victim of circumstances, you should never victimize yourself and tell yourself that you “can’t” do something. Everyone has the ability to reach their full potential, but once you start putting up excuses, it’s hard to get there.“Feel the fear”, that’s what Marie told herself in those trying times, and continues to tell herself and her clients that everyday. As she puts it “Fear is really trying to tell you to move towards something”. As real estate investors, this is something we can all relate to, but often don’t put into practice. Well, now's the time to!In This Episode We Cover:The 3 rules of “everything is figureoutable”The power of neuroscience and how you can use it to shape your behaviorHow would you behave if you were the best in the world at your job?Changing your limiting beliefs to reach something greaterKnowing when to leave a bad job and having a plan for the worst case scenarioFeeling the fear and running towards things that scare youPulling yourself out of the victim trap (even if you are a victim)And So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeEverything is Figureoutable WebsiteMarie's B SchoolClick here to check the full show notes: https://www.biggerpockets.com/show437

There’s a limiting belief that many people have: “I can’t do this thing because I have no experience”. Jamie Gruber disagreed with this line of thinking. Even with no multifamily experience, Jamie decided he wanted to be a multifamily investor. So what did he do? He started the Multifamily and More meetup to network with existing multifamily investors.This didn’t mean that Jamie had no experience in real estate, he had a small portfolio of single family homes that he started to landlord by accident. Even with no experience in the multifamily space he was interested in, he was able to secure a deal with a member of his network.Now with 21 chapters and 10,000+ members, Multifamily and More has become a big part of the multifamily investing community. It grew because, as Jamie describes, he added value, stayed consistent with meetings and postings, and built an online community that could network and interact (even during COVID).Jamie gives his tips on starting a lasting community, how to navigate meetups during COVID lockdowns, finding the best partners for multifamily deals, and the importance of cash reserves when buying a property. Many single family investors want to transition to multifamily, if you’re part of that demographic, join Multifamily and More!In This Episode We Cover:Turning your primary residence into a profitable investment instead of sellingThe importance of having cash reserves available when doing dealsHow to break through single family investing and start growing a multifamily portfolioWhat a business partner needs to see in you before they can offer you deals, money, or experienceThe difference between financing residential deals and financing multifamily dealsWhy you need to have a good operating agreement when partnering on dealsAnd SO much more!Links from the ShowBiggerPockets ForumsDavid's InstagramBrandon's InstagramBiggerPockets PodcastBiggerPockets Podcast 266: How We Used a Partnership to Buy 900 Units with Jake and GinoMeetup.comGobundance EmergeZoomBiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn Check the full show notes here: https://www.biggerpockets.com/show436

Scott McGillivray is back for this second part of his amazing interview. Last time we talked about the nitty gritty of Scott’s investments, how he started to acquire houses, and building his empire. Now we’re touching more on the mindset of what makes Scott so successful, and how you can put yourself in his shoes.Many people may know Scott from his HGTV shows, but maybe you didn’t know he was once in a boy band. Seriously. He took dance classes, convinced his friends to join him, and sold out some shows, but the takeaway from this short-lived boy band was priceless. If you see someone else finding success with something, use their blazed trail to find success yourself.From his boy band, to being on student council, and even the passing away of a loved one, Scott learned valuable lessonsthat he took with him for the rest of his life, and now gets to share with the BiggerPockets audience.Scott goes on to share a story that made him pivot the direction of his life as a teenager, and lead him to become the real estate mogul he is today. Scott goes through his top pieces of advice for young people and proves how planting seeds for investments early leads to acres upon acres of residual fruits for decades to come.In This Episode We Cover:How Scott manages his hectic life between companies, shows, and familyWhy successful people aren’t afraid of failingWhat young or inexperienced investors should do when they feel scared of taking a riskWhy Scott says you “can’t lose money in real estate”The importance of talking to those who are older and have more experience than youScott’s top pieces of advice for young people just starting out their careersHow Scott runs his companies and what he’s doing to be a better leaderHow you can be the MVP of your company And So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeBooks Mentioned in this Show:E-Myth by Michael GerberBuilt to Sell by John WarrillowClick here to check the full show notes: https://www.biggerpockets.com/show435

Do you like watching home improvement shows such as Income Property, Vacation House Rules, and Buyers Bootcamp? If so, you’re in luck! Joining us on the podcast is HGTV host Scott McGillivray! Scott has been hosting some of the best real estate investing and construction shows for over a decade now, and if you like BiggerPockets, you’ve probably seen an episode of one of Scott’s shows!Scott’s investing career started long before his TV network deals. As a student in college, Scott accidentally stumbled upon his landlord’s mortgage statement of account. He realized that him and his roommates were paying a few hundred dollars over what their landlord was paying monthly for a mortgage. That was the lightbulb moment for Scott. It was time to get into real estate investing.While in college with no job, very little money, and no experience, Scott bought a house and moved out of his rented room. Now he wanted more. Over the next few years Scott started amassing more and more rentals, taking as many financing options as he could get his hands on. By the time he was 25, he already had 25 units and a significant amount of profit coming in every year.This only pushed Scott to strive for bigger and better deals. Now Scott owns hundreds of rentals, and spends his time between Florida and Canada, finding more deals, and fixing up more rentals.Scott is a tried and true investor, one who has gone through different market swings, different fads, and many different tenants. While he’s only in his early 40s, he has amassed an extensive knowledge of the real estate space. It’s no surprise he’s one of Brandon’s real estate heroes!If you liked this episode be sure to tune in this weekend for part 2 of Scott's interview!In This Episode We Cover:When is the best time to get started in real estate?Why most people are scared to invest, and what pushes them to finally do itAmassing a small real estate empire even while you’re youngHow to take advantage of financing offers and how Scott closed on 8 houses in the same dayWhy you need to give your investing career time to start rollingWhat a “double offer” is, and how you can use it to beat others to a dealWhy you should take action even when the market is uncertainThe ScottMc MethodAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets ShirtBiggerPockets PodcastIncome Property ShowGrant CardoneBrandon's Guesting in Scott's PodcastCheck the full show notes here: http://biggerpockets.com/show434

You may have heard a speech from Ed Mylett (AKA the greatest speaker of today) sometime before this episode, but maybe not like this. For those who don’t know, Ed Mylett is a renowned speaker, entrepreneur, real estate investor, author, and podcaster. He has started businesses worth millions and continues to teach entrepreneurs through his personal brand.What many people don’t know is how much Ed loves real estate. That’s right, you heard it first on BiggerPockets! It’s not the speaking, writing, and podcasting, it’s owning cash flowing properties. As a matter of fact, he just closed on one recently with his son and did an astonishing $100 million in real estate deals in 2020.Ed emphasizes the importance of faith, generosity, and most importantly, setting your life at a high standard. These seem to be the key thought processes that many other successful entrepreneurs have, and again proves Ed’s point on their importance.It’s not easy being in real estate, especially when the deals get big (we’re talking $25M+ deals). Ed cautions young investors to not bite off more than they can chew, or as he puts it “don’t take a loss where you can’t fight again”. In a world full of mega-leveraged investment opportunities, this might be the advice new investors need to feel confident going forward.This episode also dives into the importance of having a purpose, whether related to faith or not, and how you need to chase the life you want, set your standards high, and do the most impactful things to accomplish them.Links from the ShowBiggerPockets PodcastBiggerPockets book store#Maxout Your Life WebsiteBooks Mentioned in this Show:#Maxout Your Life by Ed MylettE-Myth by Michael GerberClick here to check the full show notes: https://www.biggerpockets.com/show433

Everyone wants to be a millionaire, and if you’re listening to this episode, you probably want to be one as well! With so many online gurus trying to sell their secret to success, it can be hard to distinguish the real from the...not so real.On this episode, we’re lucky enough to have two millionaires with us! Brandon Turner and David Greene! Brandon and David have compiled a list of 4 traits that all millionaires possess, and if you can possess these traits too, you’ll be on your path to millions. These millionaire traits aren’t just exemplified in Brandon and David, these traits tend to be universally consistent across self-made millionaires.This episode will also touch on mastery and how you can not only achieve it, but refine it using the 4 stages of mastery. Stuck on a deal, don’t know where to go next in your career, thinking of jumping ship on a project? List down these 4 stages and see where you stand, you’ll be able to see what you need to do to go on to achieve greater mastery in whatever you’re interested in.Since it’s the start of the year, it’s a great time to look forward with not only hope, but a plan. Take your existing plan and see where these traits and stages fit into your life, where you’re lacking, and where you can do better. This is how you’ll achieve success and the coveted millionaire status.In This Episode We Cover:What sets apart millionaires from those chasing millionsThe 4 common traits of a millionaireDeveloping your crystal clear criteria for investing in real estateThe importance of raising standards over time to achieve moreWhy tracking your personal AND business life can merge to benefit your entire lifeThe 4 stages of mastery that will make you into a millionaireAnd SO much more!Links from the ShowBiggerPockets ForumsRamit Sethi Will Teach You to Be Rich! – BiggerPockets Money Podcast 73BiggerPockets Money Podcast 127: Planning for the Unexpected: Being Financially Ready to Take Advantage of Opportunities with Ramit SethiBiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason DreesBiggerPockets CalculatorsBiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew CushmanBiggerPockets 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 Murray Check the full show notes here: https://www.biggerpockets.com/show432

Your agent is calling you to show you houses, your boss is emailing you about some work to do, your partner wants to grab dinner, and you want to take a nap. How do you prioritize things in your life when everything seems so important? The key is essentialism.Joining the podcast today is Greg McKeown, Author of Essentialism: The Disciplined Pursuit of Less. Greg relates to the struggle of many entrepreneurs and investors: too many options, not enough time. Instead of telling you to wake up at 5 AM, take a cold shower and work until 10PM, he presents a far more effective (and simple) approach.What Greg suggests: pick the things you care most about, do them, and don’t worry about the rest. But how do you pick when everything seems essential?The answer: almost everything else besides your core cares/needs aren’t essential. If you begin to treat the non-essential as essential, you stretch yourself too thin, not allowing you the time to accomplish what truly is...essential.In the modern age, many of us feel like we don’t have time to accomplish everything we want. When we get laser-focused and put the principles of essentialism in our daily lives, we can accomplish more than ever.In This Episode We Cover:What is essentialism?How to designate the non-essential from the essential tasksWhy having too many good options puts us in a dangerous positionHow to find out which tasks deserve delegation or deletionDeveloping the courage to say “no”Finding an accountability partner so you’re locked in for successWhy Brandon wants to spend less time on TiktokAnd So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeEssentialism book WebsiteStickK App. How to turn goals into a realityClick here to check the full show notes: https://www.biggerpockets.com/show431

Another year of the BiggerPockets Real Estate Podcast is in the books! This time, we’re joined by co hosts, David and Brandon, live from the Sea Shed in Maui!We’ve had such a fantastic group of guests this year, so to help ease into 2021, David and Brandon picked their 7 favorite clips from the whole year. You’ll hear from familiar faces like Tarl Yarber, Thach Nguyen, and other real estate rockstars.This episode doesn’t just touch on real estate, we also go into how many real estate professionals made personal growth a priority when accomplishing their goals, all while enjoying their life more.If you’re ready to expand your business, get more units under contract, or begin your first house hack, this advice will be crucial for your personal, business, and real estate success in the coming year. It has certainly helped out Brandon and David!Thanks again for joining us this year, we look forward to interviewing even more amazing guests in 2021 (and beyond)!In This Episode We Cover:Why certainty is often more expensive than riskWhy integrity in the present is worth so much more for your futureStaying focused on the long-term perspective for consistent successThe importance of peace of mind when investing in real estate (and other assets)Why you need to build a business around your life (not the other way around)How to commit even when you don’t have all the pieces neededWhy you always need to keep your expenses low (if you want to escape the rat race)And SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 368: $3,500 per Month From One BRRRR Deal With Palak ShahBiggerPockets Business PodcastBiggerPockets Business Podcast 88: What’s Your Special “Cut”? Why Brandon Turner and David Greene Doubled Down on Theirs in 2020BiggerPockets Podcast 375: Live Coronavirus Q&A: Resources, Tactics, and Mindset Shifts for Today’s Real Estate InvestorBiggerPockets Podcast 376: 12 Real Estate Rockstars Reveal Their No. 1 Tip for Surviving (& Thriving) Through a DownturnBiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David OsbornBiggerPockets Podcast 201: Flipping 100+ “Zombie” Houses with Justin StamperZombie House FlippingHustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David GreeneBiggerPockets Podcast 395: From Car Valet to $100k/Month… Seriously! with Thach NguyenBiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl YarberBiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason DreesBiggerPockets Podcast 422: From W2-Job Single Mom to Flipping Real Estate Rockstar with Amanda YoungBiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin HardyBiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan SullivanBiggerPockets WebinarsBiggerPockets Podcast 385: Once Homeless, Now Investing in an Expensive Market (With No Money of His Own) With Greg GaudetBiggerPockets Podcast 393: Campus Maintenance Man to $10M in Real Estate Owned with Rick JarmanRick Jarman's InstagramCheck the full show notes here: https://www.biggerpockets.com/show430

How many times has something happened in life where we blamed someone besides ourselves for the outcome? Didn’t get a promotion: it’s your bosses fault for being greedy! Ran late to work: it’s all the other drivers faults, not yours! Investment property having problems: it’s the tenant doing all the damage!Ryan Michler, founder of the Order of Man, sees this sort of victim mentality as a massive block to our full potential. He makes the well-put point that all we can do is control our effort, we can’t control others.This realization didn’t come easy, though. Ryan realized this after a tough fight with his partner, leading him to reevaluate not only their relationship, but the way he shifted blame on others, in an unhealthy way.Now Ryan interviews the men that he looks up to on his own podcast, all while running his organization/brotherhood of those part of the “Order of Man”.It’s not easy to stay humble and calm all the time, especially in the state of our current world, but Ryan does as good of a job as any to remind us all that our future is in our hands, and all we can do is try our best, consistently.In This Episode We Cover:Why we all need to practice humility, ownership, responsibility, and sovereignty The importance of having a “servant’s mindset” even as a business ownerHow to constantly add value to whatever you do in lifeWhy we should shift our focus to our efforts and not other’s effortsWhy having children makes you want to be better and push harderThe importance of owning and running a business, even at a young ageDropping the “I” and using the “We” when leading a teamWhy “the win” is simply “playing the game”And So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeThe Intention JournalOrder Of Man PodcastClick here to check the full show notes: https://www.biggerpockets.com/show429