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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).

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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
Decorated Navy SEAL commander. Author. Podcaster. And house hacker?!Yes, Jocko Willink invests in real estate and shares some great tips… but that's not the only reason he's on the show today. And it's not the only reason why he's sure to be one of our most popular guests to date.You see, Jocko looks at life's challenges differently. And after hearing his message, you might, too.Contractor rip you off? Good. Rental property flooded? Good. Spent a bunch of money and never found a deal? GOOD!Actually, great!Now you can learn something about yourself. You can get tougher. You can improve.That's the worldview Jocko outlines in his No. 1 New York Times bestseller Extreme Ownership: How U.S. Navy SEALs Lead and Win.Today, we dive deep into how to apply this mindset to your business. PLUS, we discuss Jocko's philosophy on leading teams, managing risk, harnessing your ego, and foregoing comfort in pursuit of long-term goals like financial freedom.You'll also love getting to know Jocko the real estate investor!From buying a hoarder house filled with chicken bones to dividing his kids' bedrooms into "prison cell"-sized sleeping quarters, Jocko discusses how some sacrifice goes a long way toward creating financial freedom—even on a modest military salary.Beware: by the end of this show, you might just be staring down your fears and greeting your biggest obstacles head-on with the word "good."In This Episode We Cover:What “extreme ownership” is and how it applies to real estate investingFixing up creepy, run-down houses in Southern California in his 20sWhy Jocko recommends house hacking for men and women in the militaryHow joining the Navy gave him purposeHis approach to Navy SEAL BUD/S trainingThe lessons he learned from the Great Recession—even though it didn’t personally affect his financesAvoiding "lifestyle creep"Considering the worst case scenario before taking risksHow to harness your ego for goodWhat he says when people push back against the idea of extreme ownershipWhy he writes books for kids (and why some adults like those books best)And SO much more!Links from the ShowBiggerPockets ForumsJoe Rogan's ShowJoe Rogan Experience #1391- Tulsi Gabbard & Jocko WillinkClick here to check the full notes: http://biggerpockets.com/show365
Ever been interested in making money with short-term rentals but feel there’s just too much you don’t know? Welcome to the club!On today’s show, Brandon and David interview Avery Carl, a short-term rental (STR) investor who opens up the playbook and shows us what she’s doing and how she’s doing it! Avery shares the apps, software, and systems she uses to manage five STRs in under 30 minutes a week!You’ll love her thoughts on self-management versus using a professional company, avoiding negative online reviews, and properly marketing your properties to maximize revenue. She also discusses how she diversifies risk in her portfolio, why she buys properties for 10% down, and what expenses she accounts for when analyzing deals that come across her desk.Avery shares some fantastic insight into how to run a STR business with minimum time and intrusion, as well as some overall advice for knowing your market and minimizing your risk. Download this episode of the BiggerPockets Real Estate Podcast and see for yourself today!In This Episode We Cover:Where she’s currently buyingHow she balances running a real estate team with investingHow she created systems to help manage her portfolio of vacation rental propertiesThe difference between self-management and using a management companyHow she manages negative reviews onlineHer advice for marketing your STRThe apps she uses to automate the STR businessHow she buys her STRs with 10% downWhat expenses she factors into her numbers for STRsHow she protects her investments from a possible recessionHow she diversifies her risk between long-term and short-term rentalsHow she uses her first properties when buying additional propertiesAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Real Estate PodcastThe Grey (movie)AirbnbiGMS Vacation Rental AppBiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan HolidayBiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneEmail Us for Pro Deals: podcast@biggerpockets.com Check the full show notes here: http://biggerpockets.com/show364
Will 2020 be your best year ever?Today’s episode has all the ingredients to make the answer a big, resounding “Yes!”Bestselling author and productivity expert Michael Hyatt is here, and he guides us through how real estate investors should approach the year ahead.You’ll love hearing how Michael’s eliminated virtually everything except his three highest-leverage, revenue-generating activities; how to steer clear of what he calls “drudgery zone” work; and how to find someone who actually enjoys those tasks you can’t stand doing.And if you’re thinking, “Well, I’m not ready for that yet…” Michael has tips for how to get started by delegating just one task.Michael has written extensively about three topics that touch every real estate investor: productivity (Free to Focus), goal-setting (Your Best Year Ever), and delegation (Your World-Class Assistant). Today, we cover them all in-depth.So download this episode, make sure you’re subscribed to the BiggerPockets Real Estate Podcast, and start 2020 right!In This Episode We Cover:How Michael grew his company in a year while taking 162 days off per yearHow “vague aspirations” set you up for failureWhy you’re 42% more likely to achieve your goals if you write them downWhy you shouldn’t have more than 3 goals at onceThe keys to hiring a world-class executive assistantThe importance of a detailed, well-thought-out job descriptionThe right way to document workflowsHow to focus on your “Desire Zone”How to offload tasks in the “Drudgery Zone”The difference between goals and projectsWhy he hired a world-class coach to teach him an obscure hobbyAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 230: Real Estate Investing as a Side Hustle with Grammy-Winning Producer Seth MosleyBiggerPockets Podcast 117: Maximizing Productivity to Get Things Done with David AllenBiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert GreeneTucker MaxBiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan HolidayEvernoteLoomBiggerPockets ProBiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael GerberMasterclassBiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal NewportThe Tim Ferriss ShowHow to Make 2020 Your Best Real Estate Year Ever WebinarCheck the full show notes here: http://biggerpockets.com/show363
Today’s show is centered around a big question we get ALL the time...“How do I get my spouse/partner on board with my real estate investing goals?”It’s the perfect time of year to think through exactly how to do that, and we have the perfect guests to offer some advice.Jay and Wendy Papasan run an annual couples’ goal-setting retreat in Austin, Texas. Today, they walk us through the exercises they use to help couples (and business partners) confront uncomfortable questions and get on the same page.Oh, and if you don’t know who Jay is, check out BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The ONE Thing with Jay Papasan and BiggerPockets Business Podcast 06: How to Manage Your Time Like a Millionaire with Jay Papasan.Jay's wife, Wendy, is a real estate broker who leads a high-performing team that’s expanded into four cities.In this episode, you’ll learn how to initiate a goal-setting conversation with your partner, what kinds of settings work best for this exercise, what questions to ask, and which timelines to use.Also, stick around through the end to hear Wendy’s tips on using leverage and a “not to-do list” to apply your time and energy more efficiently and be happier.This is a profound episode with two real estate rockstars. If you enjoy it, do us a favor and share it with YOUR spouse or partner… or pass it onto a couple who you think might benefit. Download this one today, and make sure you’re subscribed to the show, so you won’t miss the next one!In This Episode We Cover:How Wendy and Jay started setting goals together 13 years agoApplying the idea of a “leadership retreat” to your familyWhat settings work best for goal-setting with your spouse or partnerNavigating a relationship where one partner is an entrepreneurTheir answer to, “How do I get my spouse on board with real estate investing?”Why most failures of leadership are failures of courage (Keith Cunningham)How having tough conversations about goals can head off misunderstandingsHow Brandon’s navigated balancing business with familyWhy Gary Keller calls tough conversations “care-frontations”Which time horizons are most useful when setting goalsUsing the language of business in your marriagePutting your marriage first, even when you have kidsMoving at the speed of communicationDelegating draining tasks to help you keep more energy for yourself and your familyAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets Business Podcast 06: How to Manage Your Time Like a Millionaire With Jay PapasanBiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay PapasanGary KellerBiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” MurdockPaying Off Student Loan Debt with a Median Income and Two Kids in Northern California with Kyle RenkeCheck the full show notes here: http://biggerpockets.com/show362
Traveling the world on mobile home cash flow at 26 years of age? Yes, it’s possible!On today’s show, Brandon and David interview Tristan Thomas, a mobile home park investor who parlayed a few thousand dollars into a life of financial freedom.Tristan shares some great info regarding how he chooses his markets to invest in, how he finds deals in those markets, and some of the key differences to holding title to mobile homes compared with traditional real estate.He also shares a fantastic perspective on how using “rent-to-own” financing can eliminate maintenance and repair costs, motivate your tenants to take better care of the property, and help you build wealth with very little of your own money.Tristan is a great example of how to find financial freedom at ANY age and shares exactly how he did it himself! Download this inspirational episode today, and subscribe to the podcast in your favorite app so you won't miss the next show.In This Episode We Cover:How Tristan got into mobile homesHow he finds deals in today's marketThe key differences to holding title to mobile homes compared with traditional real estateHow to use “rent-to-own” financing to eliminate maintenance and repairs costsHow to motivate your tenants to take better care of the propertyHow to build wealth with very little of your own moneyMaking a 100% return on investment within 12 monthsHis 5 biggest lead generators that are all freeThe criteria he looks for to find the best mobile home dealsGetting into real estate investing for financial freedomAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets Podcast SurveyBiggerPockets WebinarsJosh's Twitter ProfilePodcast SurveyGrant Cardone on Multifamily Investing and Why You Should Never Buy a House!BiggerPockets Events and MeetupsMobile Home Park Investing Boot CampBiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert GreeneCheck the full show notes here: http://biggerpockets.com/show361
Have you ever wanted to invest in real estate but aren’t ready for a full-time commitment? Today’s guest has figured out just how to do so, and she’s sharing it all with you!Stephanie Cabral is a lawyer, real estate agent, and investor out of Connecticut, who has figured out how to make money from residential real estate ownership while working two full-time jobs.On today’s show, Stephanie breaks down how she saved $100K on one deal, developed an automated direct mail system, and successfully used the often-confusing 203k loan program.You’ll love her advice on automation/delegation and investing in single family homes. Plus, she talks about what she looks for in her market, and shares her thoughts on the next big change in real estate in the near future. You’ll also find some great tips regarding managing properties yourself and hiring and using virtual assistants to save you time.Download this one today, and share it with a friend or family member who would benefit!In This Episode We Cover:How Stephanie defines “administrative stamina”How she took out a HELOC on her first propertyHow she got a $100K discount on her first propertyWhy she invests in single family homesHow she uses VAs to handle the heavy lifting of her RE businessHer theory on automation and delegationHow she’s using RE to get out of her legal practiceWhat she looks for in a good assistantWhat she’s looking for in out-of-state marketsHow she automated her direct mail systemHer advice for managing properties yourselfHer thoughts on the next big trend in RE investing over the coming 5-10 yearsAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets Podcast SurveyUpworkPodioStrugglingInvestorPayYourRentCozyOnlineJobs.phAdobeLinkedInBrandon's InstagramDavid's Instagram Check the full show notes at BiggerPockets: http://biggerpockets.com/show360
You asked for it, and we answered! On today’s episode, Brandon and David interview three first-time home buyers, who all utilized the house hacking strategy in different ways!Our first guest shares how he bought in the most expensive market in the country and lives for FREE by using several techniques anyone can replicate (while taking advantage of a massive value-add opportunity).Our second guests share how they used house hacking to buy a BUSINESS that will generate over $20K in profit per month... while also eliminating the majority of their rehab costs and reducing risks and living expenses at the same time!And our third guest shares how he took advantage of California’s recent ADU law revision to buy a property that will eliminate his living expenses while making him massive cash flow at the same time.This episode covers FAQs—like how to use an agent to help you find a property, how to house hack in unique ways, and what to expect when buying your first property—and is guaranteed to get those wheels turning in your mind! Download this one, and share with a friend today!In This Episode We Cover:Ryan MeinzerHow he found the propertyHis unique angle on TIC (tenancy in common)What he intended to do reduce his living expensesHow a sliding door turned out to be a blessingWhat the requirements are to convert a TICKey lessons learned from this dealHero and Stephanie CruzThe struggle of finding the right RealtorFinding a property that needs less rehabWhat is assisted living propertyHow much they earn from each roomMaking more money to help more peopleRob KishiHow Daivd and Rob were introduced during a meetupWhy he fell in love with idea of house hackingWhat the property looks likeInvesting with MomWhat ADU stands forAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets Network - Find a Real Estate AgentBiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneGrant Cardone on Multifamily Investing and Why You Should Never Buy a House!BiggerPockets Podcast 350: How to House Hack Your Way to Financial Freedom in 3 Years with Craig CurelopThe Core 4 Members Vital to a Profitable Long-Distance Real Estate Investing Team (blog)BiggerPockets Premium MembershipCheck the full show notes here: http://biggerpockets.com/show359
Have you been looking for the right way to find deals in today’s tough market?Today’s show might be just what you’ve been looking for! Join us as Brandon and David sit down and bring out the gold nuggets on what’s working for successful real estate investors in today’s hot market.You’ll learn six strategies that will help you land deals and build wealth, as well as detailed insight into how to pull them off successfully. You’ll want to hear this advice about how to find deals, how to set up your business, and how to protect your capital that not everyone is talking about!For the second half of the show, Brandon and David share five “accelerants” that will help increase the level of your success once you’ve found the strategies that work for you.This show is the first of its kind, and we think you’re going to love it. You spoke, we heard, and this is the content the people want.Download and share this gem today!In This Episode We Cover:Strategy #1: BRRRRStrategy #2: House HackingStrategy #3: House FlippingStrategy #4: Vacation RentalsStrategy #5: WholesalingStrategy #6: SyndicationAccelerants and how to pour fuel on the fireOPM (other people’s money)Value-addForced equityIncreased cash flow through additional unitsLeveraging others (core four)Finding deals from your sphere of influenceFunnelsPartnershipsPersonalitiesSkill setsResourcesAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets Podcast 302: Making $100k/Deal Using Other People’s Money, Time & Experience with Cory NemotoKECO CapitalKECO Capital’s InstagramBiggerPockets Hard Money LendersBiggerPockets WebinarsBiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian MurrayBiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian MurrayBiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” MurdockPaying Off Student Loan Debt with a Median Income and Two Kids in Northern California with Kyle RenkeCheck the full show notes here: https://www.biggerpockets.com/show358
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Comments (82)

Joseph O'kray

What happened to the Josh Dorkin?

Mar 20th
Reply

Sean Hill

What prefabricated construction company are you using?

Mar 15th
Reply

Ahmed Tha King

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

Feb 18th
Reply

Paul

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

Jan 20th
Reply

Matthew McKibben

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

Jan 17th
Reply

Aerial Penguin

39:00

Dec 29th
Reply

Solmaz

Starting the bigger pockets podcast with the first one

Oct 27th
Reply (1)

Kevin Redmond

Starts at about 27 minutes

Oct 11th
Reply

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
Reply

Paul

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

Oct 5th
Reply

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
Reply

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
Reply

Lars Cronin

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

Aug 18th
Reply

K Pierre

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

Jul 17th
Reply (2)

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
Reply

Matthew McKibben

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

Jun 28th
Reply

Chad Mullins

loving this, great detail. also, I recommend mr greens brrrrrrr book. I think it has fewer r's but it is packed full of useful information and void of the babble often seen in information books to get the word count up. 20 dollars to save hundreds of thousands in bad deals ? worth it.

Jun 19th
Reply

Nyjuwa Newton

Ashley is a straight up Hustler 💪💯 respect

Jun 16th
Reply
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