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BiggerPockets Real Estate Podcast podcast

BiggerPockets Real Estate Podcast

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 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).

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 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).

 

#526

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

People often tell each other to “ [stay positive] (https://www.biggerpockets.com/blog/2016-05-05-5-reasons-positive-attitude-investing-real-estate) ” in light of grim circumstances or hard times. This consistent positivity can feel forced when going through something truly terrifying, but it’s exactly what helped [Jeffrey Holst] (https://www.instagram.com/jeffreyholst/) fight cancer, get out of bankruptcy, and retire in only seven years. Once Jeffrey committed to having no bad days, he was able to either change his day that was going poorly or see the positive in everything around him. This philosophy helped him spur on new relationships, [find new partners] (https://www.biggerpockets.com/blog/find-investors-capital-raise) , and close on deals creatively. It was never “we can’t close on this” for Jeffrey, it was “how can we close on this.” He uses what he likes to call the “sideways eight” strategy that allows him to have [infinite returns when investing] (https://www.biggerpockets.com/blog/deal-show-7-infinite-roi-owner-financing) , all while giving his partners and private lenders a sizable profit. Jeffrey also talks about seeing the positive attributes of negative situations, and how he was able to leave his job as a lawyer and hit [financial freedom] (https://www.biggerpockets.com/blog/financial-freedom-guide-30-somethings) due to his cancer diagnosis and later bankruptcy. If Jeffrey was able to dominate the multifamily market with an underwater net worth, think of what YOU can accomplish in the world of real estate investing! In This Episode We Cover: [Buying properties without credit] (https://www.biggerpockets.com/blog/2016-04-01-3-ways-to-invest-with-no-credit) , money, or experience [Creative financing strategies] (https://www.biggerpockets.com/blog/creative-financing) that allow you take tackle bigger and better deals Fighting cancer and using hard times to fuel your success Managing a portfolio of two-hundred and fifty units The “last life philosophy” and how it gives you a clear path to victory [Syndicating] (https://www.biggerpockets.com/blog/2010-08-30-real-estate-syndication-3-ways-you-can-profit) on a small scale to close multi-million dollar deals Analyzing your market as a "boots on the ground" investor And So Much More! Links from the Show: [Carlton Sheets Real Estate Course Infomercial] (https://www.youtube.com/watch?v=hxj7z4lygwc) [Matt Faircloth's BiggerPockets profile] (https://www.biggerpockets.com/users/mfaircloth) [Tony Robbins' Website] (https://www.tonyrobbins.com/) [Hal Elrod's Website] (https://halelrod.com/) [Four Reasons to Invest in Real Estate episode on the Old Fashioned Real Estate Show hosted by Brian Levredge and Jeffrey Holst] (https://podcasts.apple.com/us/podcast/four-reasons-to-invest-in-real-estate/id1508913937?i=1000535585279) [Feras Moussa of Disrupt Equity] (https://www.linkedin.com/in/feras-moussa-2072a1196/) [BiggerPockets Podcast 488: From 4 Units to 2,000 and Why Large Multifamily “Isn’t So Scary] (https://www.biggerpockets.com/blog/biggerpockets-podcast-488-feras-moussa) [Whitney Sewell of Life Bridge Capital] (https://lifebridgecapital.com/personnel/whitney-sewell/) [GoBundance] (https://www.gobundance.com/) [BiggerPockets Podcast 004: Commercial Real Estate Investing With Frank Gallinelli] (https://www.biggerpockets.com/blog/2013-02-07-commercial-real-estate-frank-gallinelli-podcast) [BiggerPockets Radio Podcast 002: Starting Out with Karen Rittenhouse – Subject To, Direct Mail, and Investing from a Woman’s Perspective] (https://www.biggerpockets.com/blog/2013-01-24-subject-to-direct-mail-woman-investing-podcast) [Generational Wealth with Dr. Tony Pennells episode on the Last Life Ever Podcast] (https://podcasts.apple.com/us/podcast/generational-wealth-with-dr-tony-pennells/id1508010726?i=1000483263382) [Akamai Coffee Website] (https://www.akamaicoffee.com/) [Mike Tyson's Website] (https://miketyson.com/) [Arnold Schwarzenegger's Website] (http://www.schwarzenegger.com/) [Shaquille O'Neal's Profile ] (https://en.wikipedia.org/wiki/Shaquille_O%27Neal) [Richard Branson of the Virgin Group] (https://www.linkedin.com/in/rbranson/?originalSubdomain=vg) Check the full show notes here: https://biggerpockets.com/show521 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

21 Oct 2021

1 HR 06 MINS

1:06:37

21 Oct 2021


#525

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

The hosts look and sound a little different today. There are no beards and we haven’t heard one metaphor containing jiu-jitsu lingo... That’s because [Ashley Kehr] (https://www.instagram.com/wealthfromrentals/) and [Tony Robinson] (https://www.instagram.com/tonyjrobinson/?hl=en) , hosts of the [Real Estate Rookie Podcast] (https://www.biggerpockets.com/real-estate-rookie-podcast) have taken over the BiggerPockets Real Estate Podcast! Ashley and Tony regularly talk about how rookies can get their first (or next) deal, but today they’re combining expertise to talk about something more controversial: [rental arbitrage] (https://www.biggerpockets.com/blog/airbnb-arbitrage) . Rental arbitrage is a form of subletting that allows long-term tenants to make massive cash flow off of [short-term rentals] (https://www.biggerpockets.com/blog/analyze-short-term-rental) . Someone who’s done this to an extreme is [Rafael Loza] (https://www.instagram.com/rafa_l0za/?hl=en) . Rafael was working the night shift as his W2 job when he found out about short-term rental arbitrage. He sat on the idea for a few months, but ultimately tried out the concept on an apartment. This one apartment took home a massive profit, allowing him to [quit his job] (https://www.biggerpockets.com/blog/should-you-quit-your-9-5-job-for-real-estate) and scale to fourteen units in just nine months. Now, Rafael has twenty-four active units, all grossing thousands of dollars a month in rent for him. Back in March of 2020, Rafael was projected to bring in forty-seven thousand dollars in revenue in one month alone. But, the pandemic hit, forcing him to pivot, switch strategies, and take advantage of the flourishing [short-term rental market] (https://www.biggerpockets.com/blog/short-term-rental-trends-2021) . He has his sights set on ownership, but now he’s simply raking in the short-term stacks. In This Episode We Cover: Rental arbitrage and why it’s a low-cost way to get into real estate investing [Short-term cash flow vs long-term appreciation] (https://www.biggerpockets.com/blog/2015-07-21-whataes-important-aecf-appreciation) and combining the two The startup costs it takes to create an arbitrage empire How to pitch landlords on using their properties for short-term rentals Negotiating leases and adding a [subletting clause] (https://www.biggerpockets.com/blog/glossary/sublease) to any lease you undertake Pivoting when your business hits a wall and combing back stronger And So Much More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [Brandon Turner's Instagram] (https://www.instagram.com/beardybrandon/?hl=en) [Tony's Instagram] (https://www.instagram.com/tonyjrobinson/) [Ashley’s Instagram] (https://instagram.com/wealthfromrentals) [Real Estate Rookie Youtube Channel] (https://www.youtube.com/channel/UCCA5VL6_GTfTY9I-V7QUcJw) [Airbnb] (https://www.airbnb.com/) [Vrbo] (https://www.vrbo.com/) [The Real Estate Rookie Podcast] (https://www.biggerpockets.com/rookie) [Clubhouse] (https://www.joinclubhouse.com/) Check the full show notes here: https://biggerpockets.com/show520 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

19 Oct 2021

49 MINS

49:23

19 Oct 2021


#524

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

You may know [Ashley Kehr] (https://www.instagram.com/wealthfromrentals/?hl=en) from the [Real Estate Rookie Podcast] (https://www.biggerpockets.com/real-estate-rookie-podcast) , but you may not know that only a short time ago she was a rookie herself. Ashley started as a property manager for a local investor and slowly made her way from owning one property toowning thirty-three long-term rentals, a [short-term arbitrage property] (https://www.biggerpockets.com/blog/airbnb-arbitrage) , two commercial units, and one [mobile home park] (https://www.biggerpockets.com/blog/mobile-home-parks-hottest-asset-class-2020) . Quite a diverse portfolio! What makes this even more impressive is that Ashley wasn’t coming into real estate with boatloads of cash. In fact,she and her husband have never collectively made more than six figures from their W2 jobs. So how does someone with a median income generate such a massive amount of [cash flow] (https://www.biggerpockets.com/blog/rental-property-cash-flow-analysis) , appreciation, and [time freedom] (https://www.biggerpockets.com/blog/investor-spotlight-erin-helle) ? Ashley discusses thefive fundamentals of real estate investingthat led her to [seven-figure net worth] (https://www.biggerpockets.com/blog/biggerpockets-podcast-503-part-1) . These fundamentals can be used by anyone, at any stage in real estate investing, no matter their experience level. If you’re ready to supercharge your investing andgo from rookie to rockstar, commit to the game plan Ashley has laid out! In This Episode We Cover: How to invest in real estatewhile making amedian income [Diversifying your portfolio] (https://www.biggerpockets.com/blog/how-much-investment-diversification-is-right-for-you) so you have multiple exit strategies and streams of income Why every investor needs to “become a rookie all over again” Using [creative financing] (https://www.biggerpockets.com/blog/creative-financing) to structure deals that benefit the buyer and seller [Leveraging partnerships] (https://www.biggerpockets.com/blog/2016-06-15-5-reasons-engaging-real-estate-partnerships) to find cash, divvy up responsibilities, and purchase more real estate Owning a business andlearning the skills that every leader needs to succeed AndSoMuch More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [BiggerPockets Publishing] (https://www.biggerpockets.com/publish) [BiggerPockets Bookstore] (https://www.biggerpockets.com/store) [Real Estate Rookie Youtube Channel] (https://www.youtube.com/channel/UCCA5VL6_GTfTY9I-V7QUcJw) [Real Estate Rookie FaceBook Group] (https://www.facebook.com/groups/realestaterookie/) [BiggerPockets Rookie Podcast] (https://www.biggerpockets.com/real-estate-rookie-podcast) [Tony's Instagram] (http://instagram.com/tonyjrobinson) [Brandon's Instagram] (https://www.instagram.com/beardybrandon) [David’s Instagram] (https://www.instagram.com/davidgreene24/) [Real Estate Rookie Bootcamp] (https://www.biggerpockets.com/blog/real-estate-investing-bootcamps) [BiggerPockets Podcast 348: Full-Time Job, Full-Time Mom, and Full-Time Wealth From Rentals with Ashley Kehr] (https://www.biggerpockets.com/blog/biggerpockets-podcast-348-ashley-kehr) [BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming] (https://www.biggerpockets.com/blog/biggerpockets-podcast-500-robert-kiyosaki) Click here to check the full show notes: https://www.biggerpockets.com/show519 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

17 Oct 2021

1 HR 16 MINS

1:16:11

17 Oct 2021


#523

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

Marching along Bourbon Street last week was a parade with some of the best real estate investors in the world, celebrating another successful BPCon, ready to take on the world. Throughout the past week, attendees of the conference heard from world-class [business leaders] (https://www.biggerpockets.com/blog/habits-successful-leaders) , investors, and authors, learning about everything from running a business to [short-term rental markets] (https://www.biggerpockets.com/blog/rookie-podcast-88) , to [self-storage] (https://www.biggerpockets.com/blog/self-storage-investing-pros-cons) , and more. On this live episode, your hosts, Brandon and David, are joined by Scott Trench, host of the [BiggerPockets Money Podcast] (https://www.biggerpockets.com/moneyshow) , Ashley Kehr and Tony Robinson, hosts of the [Real Estate Rookie Podcast] (https://www.biggerpockets.com/real-estate-rookie-podcast) , and Liz Faircloth and Andresa Guidelli, hosts of [The Real Estate InvestHER Podcast] (https://www.therealestateinvesther.com/) , plus special guest Esther, who has a widely impressive portfolio herself. You’ll hear the hosts talk about topics like [how to connect with fellow investors] (https://www.biggerpockets.com/blog/network-pro-biggerpockets) , future trends influencing the real estate market, what’s working today (and what isn’t), plus a live version of the Famous Four and Fire Round. If you weren’t able to make it to this year's BPCon, plug into this episode and [get on the waiting list for next year] (https://docs.google.com/forms/d/e/1FAIpQLSfRhRtEeEd0tRsumA2cBkNLDseqUozp5RYe36MlywaKCiaxKg/viewform) ! In This Episode We Cover: What’s ‘firing up’ the hosts of the BiggerPockets Podcast Network? What investors can do in today’s market to ensure wealth tomorrow Future trends that allow investors to profitably pivot How BPCon helps connect investors, reshape ideas, and build wealth How to [vet partners] (https://www.biggerpockets.com/blog/biggerpockets-podcast-486-liz-faircloth-andresa-guidelli) before you go in on a deal with them The top characteristics that contribute to your [success as an investor] (https://www.biggerpockets.com/blog/ditch-these-traits) Why you should definitely be at BPCon 2022 And So Much More! Links from the Show: [NPR (National Public Radio)] (https://www.npr.org/) [Kevin Leahy's BiggerPockets Profile] (https://www.biggerpockets.com/users/kevindleahy) [Mark Ferguson's InvestFourMore] (https://investfourmore.com/) [Wendy Papasan's LinkedIn Profile] (https://www.linkedin.com/in/papasan/) [Noah Evans's LinkedIn Profile] (https://www.linkedin.com/in/noah-evans-sucess/) [Rickey Rodriguez's BiggerPockets Profile] (https://www.biggerpockets.com/users/rickeyrod) [Your First Real Estate Investment Podcast: How to Recover from the Great Recession and Leverage Creative Financing to Fund Your First Deal] (https://yourfirstrealestateinvestment.com/46-2/) [Joe Asamoah's BiggerPockets Author Profile] (https://www.biggerpockets.com/blog/contributors/josephasamoah) [AJ Osborne's Personal Website] (https://ajosborne.com/) [Steve Rozenberg's BiggerPockets Profile] (https://www.biggerpockets.com/blog/contributors/steverozenberg-2) [InvestHer's Partnership Question Guide] (https://www.therealestateinvesther.com/giveaway) [Meetup] (https://www.meetup.com/) [Hal Elrod's Personal Website] (https://halelrod.com/) [Dave Ramsey's Personal Website] (https://www.ramseysolutions.com) [Cashflow The Board Game] (https://amzn.to/3iX6r69) [Matt Faircloth's BiggerPockets Author Profile] (https://www.biggerpockets.com/blog/contributors/mattfaircloth) [BiggerPockets Calculators] (https://www.biggerpockets.com/calculators) [The Real Estate InvestHER Community] (https://www.facebook.com/groups/therealestateinvesther) Check the full show notes here: https://biggerpockets.com/show518 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

14 Oct 2021

1 HR 28 MINS

1:28:15

14 Oct 2021


#522

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

[Avery Carl] (https://www.instagram.com/theshorttermshop/?hl=en) is the go-to contact for short-term rental investing. Her business, [The Short Term Shop] (https://theshorttermshop.com/) and [The Mortgage Shop] (https://mortgageshop.co/) not only helps find properties and secure loans for prospective short-term rental investors but also helps guide investors through their first [vacation property purchase] (https://www.biggerpockets.com/blog/times-year-buying-selling-vacation-rental) . While this type of property can be a cash flow king, it also takes more management and a bit more time upfront to get the system oiled and operating smoothly. Since we last talked to Avery, she’s quadrupled her portfolio from twenty-something short-term units to ninety-six units, sixty-one of which are [large multifamily properties] (https://www.biggerpockets.com/blog/jump-to-large-scale-multifamily) . Avery gives an in-depth analysis on why short-term rentals should hold a place in every investor's asset collection, and the common pitfalls investors go through when purchasing their first [short-term rental] (https://www.biggerpockets.com/blog/analyze-short-term-rental) . If you’d like to learn more about building wealth through short-term rental investing, grab Avery’s brand new book [Short-Term Rental, Long-Term Wealth] (https://store.biggerpockets.com/products/short-term-rental-long-term-wealth) ! In This Episode We Cover: Why having short-term rentals can help real estate investors [mitigate risk] (https://www.biggerpockets.com/blog/2015-06-21-internal-controls-mitigate-risk) How Avery added over seventy more doors to her portfolio in under two years The wrong vs. the right questions to ask when buying a short-term rental The five things people need to avoid when making their first STR purchase Why you may want to “bear-proof” your next cabin in the woods Not being afraid to [ask questions when investing] (https://www.biggerpockets.com/blog/fear-of-asking-questions) Why you should buy Avery’s new book Short-Term Rental, Long-Term Wealth And So Much More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl] (https://www.biggerpockets.com/blog/biggerpockets-podcast-364-avery-carl) [BiggerPockets Publishing] (https://www.biggerpockets.com/publish) [BiggerPockets Bookstore] (https://www.biggerpockets.com/store) [AirDNA] (https://www.airdna.co/) [PriceLabs] (https://pricelabs.co/signin) [Airbnb] (https://www.airbnb.com/) [Vrbo] (https://www.vrbo.com/) [Facebook Marketplace] (https://www.facebook.com/marketplace) [Turo] (https://turo.com/) [Realtor.com] (https://www.realtor.com/) [Vacasa] (https://www.vacasa.com/) [Craigslist] (http://craigslist.org/) [Amazon] (https://www.amazon.com/) Check the full show notes here: https://biggerpockets.com/show517 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

12 Oct 2021

1 HR 06 MINS

1:06:23

12 Oct 2021


#521

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

Everyone knows that [financial education] (https://www.biggerpockets.com/blog/personal-finance-class-requirement) is one of the most crucial things toteach children at a young age. It doesn't just set them up to be wealthy, but it gives them the tools to be confident, choose [delayed gratification] (https://www.biggerpockets.com/blog/study-shows-patience-pays) , and hopefully, impact another young person’s life one day. This is understood wholeheartedly by [Rashad Bilal and Troy Millings] (https://www.earnyourleisure.com/) , former financial advisor and school teacher. What had started as asmall classroom experiment in teaching children financial literacyturned into a media empire. Rashad and Troy shared their class teachings online, which pushed them to create a course for the kids, and later into the [Earn Your Leisurepodcast] (https://anchor.fm/earnyourleisure) , where they talk about everything ranging from high-value financial concepts to sports to entertainment and more. What keeps Rashad and Troy going is knowing that their work isallowing thousands of people to improve their life situations, whether children or adults. The duo not only talks extensively about the difference betweenfinancial [assets and liabilities] (https://www.biggerpockets.com/blog/2016-01-26-liability-asset-own-house-you-live-in) but aboutrelationship assets and liabilities. This helps answer the question: who’s helping bring you up and who’s trying to keep you down? In This Episode We Cover: The importance of spurring onfinancial literacy for young kids [How to teach your children about money] (https://www.biggerpockets.com/blog/biggerpockets-money-podcast-183-rob) and examples you can use The role that playing sports had in Rashad and Troy’s lives Assets over liabilitiesand why you need to invest in relationship assets as well Stocks, ETFs, multifamily, and [cryptocurrency investments] (https://www.biggerpockets.com/blog/sold-property-crypto) Staying committed to your goalsand following through AndSoMuch More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Pro Membership] (https://www.biggerpockets.com/membership-types) [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [BiggerPockets Conference 2021] (https://www.bpcon2021.com/) [BiggerPockets Agents Finder] (http://biggerpockets.com/agents) [BiggerPockets Insights] (https://biggerpockets.com/insights) [EYL Episode #63 Money Machine by Earn Your Leisure] (https://anchor.fm/earnyourleisure/episodes/EYL-63-Money-Machine-eapd3l) [Airbnb] (https://www.airbnb.com/) [Brandon's Instagram] (https://www.instagram.com/beardybrandon) [David’s Instagram] (https://www.instagram.com/davidgreene24/) [OpenDoor Capital] (https://odcfund.com/) Click here to check the full show notes: https://www.biggerpockets.com/show516 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

10 Oct 2021

1 HR 08 MINS

1:08:23

10 Oct 2021


#520

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

It’s not uncommon for investors to start out by buying properties in their home markets. It makes things like [neighborhood research] (https://www.biggerpockets.com/blog/neighborhood-analysis) , rehabs, and tenant showings so much easier when you’re only a short drive away from your property. That’s how [Dave Meyer] (https://www.instagram.com/thedatadeli/) , VP of Data and Analytics right here at BiggerPockets, feels. Dave is currently living in Europe and has invested exclusively in Denver, where he used to call home. Now, as an [entirely remote landlord] (https://www.biggerpockets.com/blog/the-remote-landlord-how-i-live-overseas-still-manage-my-us-rentals) , he’s seen the data on how many markets (like Tampa, Florida) are doing phenomenally for appreciation and [rent increases] (https://www.biggerpockets.com/blog/raise-rent-without-losing-tenants) . David Greene, out-of-state investor and the man who literally wrote [the book on long-distance real estate investing] (https://store.biggerpockets.com/products/long-distance-real-estate-investing) is here to offer some much-needed council. With David having the experience as an agent and out-of-state investor and Dave having robust housing data at his disposal, the two come up with some clear plans to invest in up-and-coming markets. David and Dave talk about [cash flow] (https://www.biggerpockets.com/blog/rental-property-cash-flow-analysis) , appreciation, wage growth, the investing “spectrum”, and why so many real estate investors aren’t planning far enough ahead. In This Episode We Cover: [Cash flow vs. appreciation] (https://www.biggerpockets.com/blog/2015-07-21-whataes-important-aecf-appreciation) and which one matters most to you Developing your investment strategy and picking markets where it works Balancing the benefits of real estate investing and the investing “spectrum” What makes a market appreciate and cause rents to rise? What to do once you’ve found a great market to invest in Questions you should ask every [out-of-state agent] (https://www.biggerpockets.com/blog/choose-real-estate-agent-purchasing-out-of-state) and property manager Where Dave and David are both looking to invest And So Much More! Links from the Show [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [BiggerPockets Conference 2021] (https://www.bpcon2021.com/) [BiggerPockets Agents Finder] (http://BiggerPockets.com/agents) [BiggerPockets Insights] (https://biggerpockets.com/insights) [BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone] (https://www.biggerpockets.com/blog/2015-02-05-bp-podcast-108owning-350-million-real-estate-10x-rule-grant-cardone) [BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!] (https://www.biggerpockets.com/blog/biggerpockets-podcast-250-grant-cardone-multifamily-investing-buy-house) [Zillow] (https://www.zillow.com/) Check the full show notes here: https://biggerpockets.com/show515 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

07 Oct 2021

1 HR 08 MINS

1:08:57

07 Oct 2021


#519

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

Once the housing market started to slide in 2007, smart investors began buying, and waiting, for rock-bottom prices to kick in. Investors were buying homes in some of the best markets for dimes on the dollar, and have seen massive profits whether keeping them as buy-and-hold rentals, BRRRR deals, or flips. While small investors started buying a couple of houses a year, [institutional investors] (https://www.biggerpockets.com/blog/impact-institutional-investors) were doing far, far more. Private equity funds, along with [REITs] (https://www.biggerpockets.com/blog/2013-02-25-reits) and hedge funds knew that foreclosed homes were a steal, and their economies of scale made it even easier to turn these financially mismanaged properties into [appreciation and cash flow] (https://www.biggerpockets.com/blog/2015-07-21-whataes-important-aecf-appreciation) kings. As institutional investors began fixing up these homes, listing them for rent, and later selling them, the entire market moved in an upward direction. Now, [first-time homebuyers] (https://store.biggerpockets.com/products/first-time-home-buyer) are competing with these economic powerhouses to lock down their first primary residence or rental property. A man who has been covering this topic for years is The Wall Street Journal's, [Ryan Dezember] (https://www.wsj.com/news/author/ryan-dezember) . Ryan has a keen understanding of what influences the housing market as a whole, why institutional investors are making the moves they are, and what this means for small mom-and-pop landlords. [Dave Meyer] (https://www.instagram.com/thedatadeli/) also joins David Greene on this episode to discuss the ways small landlords can beat Wall Street at their own game. In This Episode We Cover: Why home prices dropped to the lowest point in 2011 How the pandemic gave institutional investors more buying power Who are the “wall street buyers” that are buying thousands of single-family homes? Why you should “find the tenant” before finding your next property The “carbon monoxide” of investing that most investors aren't paying attention to How institutional investors use [economies of scale] (https://www.biggerpockets.com/blog/2015-08-16-multifamily-myths-economy-scale-doesnt) to rapidly rehab homes What small investors can do to beat institutional investors at the closing table And So Much More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [BiggerPockets Conference 2021] (https://www.bpcon2021.com/) [Blackstone] (https://www.blackstone.com/) [Zillow] (https://www.zillow.com/) [Redfin] (https://www.redfin.com/) [BiggerPockets Insights] (https://biggerpockets.com/insights) [BiggerPockets Show 515] (https://biggerpockets.com/show515) Check the full show notes here: https://biggerpockets.com/show514 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

05 Oct 2021

1 HR 10 MINS

1:10:34

05 Oct 2021


#518

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

Welcome back to another episode ofSeeing Greenewith BiggerPockets Podcast host, top real estate agent, and BRRRR master himself,David Greene. Today’s episode touches on many topics that relate to the [BRRRR strategy] (https://www.biggerpockets.com/blog/brrrr-analysis) , ranging from [financing] (https://www.biggerpockets.com/blog/beginners-guide-brrrr-financing-opm) ,rehabbing,calculating cash flow, andwhere to find deals. Since the BRRRR method is such a popular strategy among real estate investors, we thought it best to have an episode that touches on so many aspects of the BRRRR strategy itself. Not only has David written [the book on BRRRR investing] (https://store.biggerpockets.com/products/buy-rehab-rent-refinance-repeat) , but he also continues to do BRRRR investing in his real estate career. This strategy is not only one of thebest ways to [get into real estate with low (or no) money down] (https://store.biggerpockets.com/products/investing-in-real-estate-with-no-and-low-money-down) , it’s also a method that works on building generational wealth for you in the background. Have a question you want David to answer on the next Seeing Greene episode?Submit your video submission at [Biggerpockets.com/david] (http://biggerpockets.com/david) . In This Episode We Cover: Whether you shouldrefinance a BRRRR in your personal name or an LLC Usingagents or [wholesalers] (https://www.biggerpockets.com/blog/i-will-never-trust-real-estate-wholesalers) to find your next BRRRR property Why some markets simplywon’t cash flow(and why that isn’t necessarily a bad thing) Theminimum cash flow requirementsfor a multifamily property [Hard money loans] (https://www.biggerpockets.com/blog/hard-money-loan) vs construction loanswhen performing a BRRRR How to getfinancingwhen your property isnot a traditional rental or commercial building AndSoMuch More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Pro Membership] (https://www.biggerpockets.com/membership-types) [BiggerPockets Youtube Channel] (https://www.youtube.com/biggerpockets) [BiggerPockets Rental Property Calculator] (https://www.biggerpockets.com/rental-property-calculator) [BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions] (https://www.biggerpockets.com/blog/biggerpockets-podcast-501-david-greene) [BiggerPockets Podcast 487: 10 Common Real Estate Investing Questions Answered by David Greene] (https://www.biggerpockets.com/blog/biggerpockets-podcast-487-david-greene) [BiggerPockets Podcast 473: Quitting the Police Force, Wholesaling, & Buying Notes with David Greene] (https://www.biggerpockets.com/blog/biggerpockets-podcast-473-david-greene) \ [Submit Your Questions to David Greene] (https://airtable.com/shr2uOqeOHBOOwhLu) Click here to check the full show notes: https://www.biggerpockets.com/show513 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

03 Oct 2021

58 MINS

58:15

03 Oct 2021


#517

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

Back in 2004, [Jude Bernard] (https://www.thebrooklynbank.org/our-team) was sitting at a blackjack table in Vegas. This wasn’t his first game of the day, nor his second, or even his third. Jude had been sitting at that blackjack table for thirty hours straight. When the final game ended, he walked away, $150,000 poorer than he started. Jude then found the closest tattoo parlor, walked in, and got the phrase “never again” tattooed on his hand as a testament to his mistake. Now, Jude runs a rental and flipping empire, settling for no less than [seven-figure profits] (https://www.biggerpockets.com/blog/biggerpockets-podcast-390-leka-devatha) on his fix and flips. He also runs [The Brooklyn Bank] (https://www.thebrooklynbank.org/) , a non-profit designed to help economically [empower people of color] (https://www.biggerpockets.com/blog/gender-racial-wealth-gaps-how-to-do-something-about-it) in New York City. Through his earlier gambling mistakes, Jude realized that no matter what, the “house” always wins. So, he searched for a way that he could become the “house” in his environment, and the best way was through real estate investing. Jude has built a very strong foundation for his real estate investing through taking calculated risks, [nurturing his relationships] (https://www.biggerpockets.com/blog/ultimate-guide-building-maintaining-powerful-real-estate-network) , and letting his fears fuel his fire. Jude is currently raising money to help the people of Haiti through their most recent natural disaster. Brandon and David have both pledged $5,000 each. To help out, even more, Brandon wants all listeners to know that If you donate $5,000 to The Brooklyn Bank organization, Brandon will host you in Maui! For full details please contact Matt@odcfund.com. In This Episode We Cover: Purchasing properties in [very expensive markets] (https://www.biggerpockets.com/blog/expensive-market) (like New York City) Building relationships with everyone you talk to, funneling more deals into your pipeline Making sure every deal has a seven-figure upside (seriously!) Using your greatest fears to propel you to the next level [Gambling addiction] (https://www.biggerpockets.com/blog/biggerpockets-money-podcast-146-ambus-hunter) and the message behind why the “house” always wins How the Brooklyn Bank is helping build a pathway out of poverty How you can spend a week with Brandon and help support a great cause And So Much More! Links from the Show: [BiggerPockets Podcast 512: From Losing $150k at the Blackjack Table to 7-Figure Profits in Real Estate] (https://www.biggerpockets.com/blog/biggerpockets-podcast-512) [BiggerPockets Podcast 455: Mixtapes to Millions in Real Estate with DJ Envy and Cesar Pina] (https://www.biggerpockets.com/blog/biggerpockets-podcast-455-dj-envy-cesar-pina) [The Brooklyn Bank] (https://www.thebrooklynbank.org/) [Brandon’s Maui MasterClass] (https://mauimasterclass.com/brandon-turner/) [Brandon Turner's Instagram] (https://www.instagram.com/beardybrandon/) [David Greene's Instagram] (https://instagram.com/davidgreene24) [Matt@odcfund.com] (mailto:Matt@odcfund.com) [donations@thebrooklynbank.com] (mailto:donations@thebrooklynbank.com) Check the full show notes here: https://biggerpockets.com/show512 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

30 Sep 2021

1 HR 10 MINS

1:10:38

30 Sep 2021


#516

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

So many BiggerPockets listeners are out there killing it in the world of real estate investing. But, with growth and positive change comes more and more questions. On today’s coaching call, [David Greene] (https://www.davidgreene24.com/) talks to Carly, Michael, and Katie about three different problems that present three specific solutions. Carly is trying to weigh the risk of investing in a declining market, Michael wants to shake off the “agent shame” that comes with [lead generating as a realtor] (https://www.biggerpockets.com/blog/real-estate-lead-generation) , and Katie wants to power her growth with more revenue and more cash flow. Each of these real estate professionals is in a different spot: one is a small-time landlord, one is a [new agent] (https://www.biggerpockets.com/blog/choosing-real-estate-brokerage) , and the other is a fix and flip veteran. Even with completely different investment plans, all three of these investors are able to find simple, meaningful solutions when talking with David. The topics touched on in this episode include creating an investment strategy, house hacking, finding the right property managers, growing your confidence, purchasing commercial real estate, and more. If you want to get in on the next call with David, [click this link to apply] (http://biggerpockets.com/david) ! In This Episode We Cover: Should you [invest in an area with a declining population] (https://www.biggerpockets.com/blog/markets-with-declining-populations) but great cash flow? How to mitigate your investment risk by purchasing a [house hack property] (https://www.biggerpockets.com/blog/house-hackingcase-study) Using referrals to [find your next property manager] (https://www.biggerpockets.com/blog/find-property-management-company) Putting your clients best interest first and showing confidence Starting businesses in different verticals that can empower your current business Turning your biggest expenses into revenue generators Taking advantage of using a Key Principle on larger deals And So Much More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [Simplisafe] (https://simplisafe.com/pockets) [BiggerPockets Wealth Magazine] (https://store.biggerpockets.com/products/biggerpockets-wealth-magazine) [The BiggerPockets Bundle Giveaway] (http://biggerpockets.com/bundle) [Submit your Question for David Greene to answer!] (https://www.biggerpockets.com/david) [BiggerPockets Find an Agent] (https://www.biggerpockets.com/findanagent) [Keller Williams] (https://www.kw.com/) [Amazon Prime] (https://www.amazon.com/amazonprime) Check the full show notes here: https://biggerpockets.com/show511 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

28 Sep 2021

48 MINS

48:41

28 Sep 2021


#515

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

As anentrepreneur, you may be used toputting in hours of work learning new tactics, skills, and strategies. Your business rests on your shoulders, and why wouldn’t it, you’re the one who built it from the ground up. While it’s a commendable feat to build a profitable business, it can also bea prison sentence for many “hands-on” entrepreneurs. This is how [Sam Carpenter] (https://www.workthesystem.com/sam-carpenter/) , author of [Work the System] (https://www.amazon.com/Work-System-Fourth-Mechanics-Working/dp/1626347697/) felt as he put in110 hours a week just to keep his business afloat. Sam realized why he was working so hard without seeing results:there were no systems in his business. Once he started [implementing systems and processes] (https://www.biggerpockets.com/blog/landlording-systems) , hewent from 110+ hour weeks to 2 hour weeks. The same happened with one of his students and now partner, [Josh Fonger] (https://www.workthesystem.com/josh-fonger/) , who runs [Work the System Enterprises] (https://www.workthesystem.com/) where he helps business owners from over 50 countries scale their businesses with far less headache. If you’ve ever felt that your business relies on you too much to take a day off, take a vacation, or simply work less every week, these are the two guys you need to talk to. Josh and Sam were kind enough to takethree live guest calls on this episode’s recordingto help with their specific business problems. As all the guests are real estate investors and professionals, much of theadvice may translate to your business as well! In This Episode We Cover: Why a system doesn’t need to (and shouldn’t) be complicated to design and implement [Reducing your time, effort, and energy spent on work] (https://www.biggerpockets.com/blog/elite-investors-know-their-time-worth) Understandingwhich systems need to be fixed or removedentirely front our life How tostop playing “whack-a-mole”with your business processes Why so manybusinesses fall behind after improving Creating a sustainable solution that [gives you (the entrepreneur) maximum freedom] (https://www.biggerpockets.com/blog/investor-spotlight-erin-helle) AndSoMuch More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [BiggerPockets Podcast] (https://www.biggerpockets.com/biggerpockets-business-podcast) [BiggerPockets Bookstore] (https://store.biggerpockets.com/) [Open Door Capital] (https://odcfund.com/) [BiggerPockets Insights] (http://biggerpockets.com/insights) [BiggerPockets Books] (http://biggerpockets.com/books) [BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors] (https://www.biggerpockets.com/blog/biggerpockets-podcast-254-tim-ferriss-real-estate-top-performer-his-tribe) [BiggerPockets Podcast 137: How to Use Systems to Scale Your Real Estate Business with Sam Craven] (https://www.biggerpockets.com/blog/2015-08-27-bp-podcast-137systems-scale-real-estate-business-sam-craven) [Work the System Website] (https://www.workthesystem.com/) Click here to check the full show notes: https://www.biggerpockets.com/show510 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

26 Sep 2021

1 HR 24 MINS

1:24:03

26 Sep 2021


#514

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

If you scroll through [Manny Khoshbin’s Instagram] (https://www.instagram.com/mannykhoshbin/) , you’ll see wealth, success, and a lot of very nice automobiles. You may look at his life and say “well, that must be nice”, but there is much more to Manny than Ferraris and private planes. A few decades ago, Manny was homeless, [sleeping in a car] (https://www.biggerpockets.com/blog/from-sleeping-in-car-to-millionaire-investor) with five other family members, simply trying to survive in America. Manny’s dad wanted to protect his son from entering the military in Iran, so two weeks before Manny’s birthday, the family packed up and left for the United States. They were homeless for a couple of months but slowly were able to find jobs and scrape together some money. Manny worked at a swap meet, a K-mart, a multi-level marketing company selling snacks, and other various jobs. As he was working he realized that the people driving the Porches, Lamborghinis, and Mercedes were all investing in real estate. After making money in his entrepreneurial endeavors, he bought his first [commercial property] (https://www.biggerpockets.com/blog/overlooked-commercial-investments-real-estate) . Now, two and a half decades later, Manny is sitting on a billion dollars worth of real estate. Oh, and did we mention he bought this all without [syndicating] (https://www.biggerpockets.com/blog/2010-08-30-real-estate-syndication-3-ways-you-can-profit) ? In This Episode We Cover: Manny’s “ [American Dream] (https://www.biggerpockets.com/blog/defining-modern-american-dream) ” story from immigrant to multimillionaire Why commercial real estate is such a profitable investment [Value-add opportunities] (https://www.biggerpockets.com/blog/benefits-risks-apartment-value-add) and flipping commercial real estate over the span of a few years Which real estate industries are on the downward trend (and which to invest in) The steps new real estate investors should take to make it big Why Manny’s luxury cars are an investment, not just toys And So Much More! Links from the Show: [auction.com] (https://www.auction.com/) [BPCON2021.COM] (https://www.bpcon2021.com/) [Elon Musk] (https://en.wikipedia.org/wiki/Elon_Musk) [Holly Burton] (http://www.hollyburton.ca/) [Dave Ramsey] (https://en.wikipedia.org/wiki/Dave_Ramsey) [SpaceX] (https://www.spacex.com/) [FedEx] (https://www.fedex.com/en-us/home.html) [CVS] (https://www.cvs.com) [KMart] (https://www.kmart.com/) [Amazon] (https://www.amazon.com/) [Target] (https://www.target.com/) Books Mentioned in this Show: [Trump: The Art of the Deal] (https://amzn.to/3AwpGdO) by Donal Trump [Manny Khoshbin’s Contrarian Playbook] (https://amzn.to/3u5CYeH) by Manny Khoshbin [Driven: The Never-Give-Up Roadmap to Massive Success] (https://amzn.to/2XGEusd) by Manny Khoshbin Check the full show notes here: https://biggerpockets.com/show509 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

23 Sep 2021

58 MINS

58:43

23 Sep 2021


#513

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

It’s tough out there. Between investors, agents, and wholesalers, everyone you know wants to get a home [under contract] (https://www.biggerpockets.com/blog/glossary/under-contract) . So what do you do when there is an influx of buyers and the same amount of sellers? Start building systems that can beat out your competition and will flow deals directly to you for years to come! Now we know what you’re saying, “I wish that were possible”, but it may be easier than you think. [Trevor Mauch] (https://www.trevormauch.com/) , founder of [Carrot] (http://carrot.com/pockets) , spent years manually chasing after deals. [Cold calling] (https://www.biggerpockets.com/blog/cold-calling-techniques-that-really-work) , door knocking, direct mail, and every other method you can imagine; he's tried it. While these strategies work great for many people, they’re labor-intensive and incredibly hard to scale. Trevor looked at the marketing he was doing that WASN’T outbound and realized it wasn’t only creating leads for him, but doing so while he slept. He then started building out Carrot, which helps set up agents, investors, wholesalers, and anyone else who wants [off-market deals] (https://www.biggerpockets.com/blog/2015-09-15-6-insider-hacks-finding-off-market-real-estate-deals) with websites that convert consistently every day. What sets apart Carrot from most “we buy houses for cash” websites is their “evergreen content” production. This content [ranks you higher on google] (https://www.biggerpockets.com/blog/search-engine-optimization-important-covid) , gets sellers and buyers reaching out to you, and allows you to do less work and close on more deals. Learn more about how to make this happen at carrot.com/pockets In This Episode We Cover: Getting out of the “hamster wheel” [lead generation] (https://www.biggerpockets.com/blog/real-estate-lead-generation) work Outbound vs. inbound marketing and which requires less work from you Why social media isn’t enough in this heavily digital age Building your “authority hubs” so sellers or buyers can trust your business Focusing on locations and [niche markets] (https://www.biggerpockets.com/blog/real-estate-niche) to find more buyers and sellers What Trevor thinks will happen in the housing market over the next few years And So Much More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [Zillow] (https://www.zillow.com/) [Carrot Software Company] (https://carrot.com/blog/evergreen-marketing-for-real-estate/) [EP 246: How to Double Your Commissions Without Doubling Your Team w/ David Greene of Bigger Pockets [HYBRID Part 1]] (https://carrot.com/blog/david-greene-bigger-pockets/) [How to Get More Motivated Seller Leads (with no paid ads) Using 1 Proven, Simple Marketing Strategy] (http://carrot.com/pockets) (Free Live Workshop) [Offerpad] (https://www.offerpad.com/) [Opendoor] (https://www.opendoor.com/) [Redfin] (https://www.redfin.com/) [Realtor.com] (https://www.realtor.com/) [Trulia] (https://www.trulia.com/) [WordPress] (https://wordpress.com/) [Fresh Chalk] (https://freshchalk.com/) [David's Instagram] (https://www.instagram.com/davidgreene24/) [Farr Group] (https://www.farrgroupnw.com/) [Simplysold.com] (https://www.simplysold.com/how-we-buy-houses/) [Rev] (https://www.rev.com/account/files) [Kind House Buyers] (https://www.kindhousebuyers.com/) [House Heroes] (https://www.househeroes.com/) Check the full show notes here: https://biggerpockets.com/show508 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

21 Sep 2021

1 HR 22 MINS

1:22:35

21 Sep 2021


#512

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

Finishinga triathlon is a grueling achievement, only accomplished by those who are in peak physical and mental condition. Once finished, the top of the top go on to train foran Ironman, arguably the toughest triathlonon the planet.One hundred and forty miles of painand pressure, broken up into atwo-mile swim, aone hundred and twelve-mile bike ride, and atwenty-six-mile run. This is not a race for the faint of heart, and if you can finish just one, you have bragging rights forever. What would it take for someone to finish not one ironman, not two, not ten, not twenty, but100 consecutive Ironman races, back to back? Wake up, swim, bike, and run over one hundred and forty miles, go to sleep, and do it all over again. That’s what [James “Iron Cowboy” Lawrence] (https://www.ironcowboy.com/) did, smashing through world records and [personal goals] (https://www.biggerpockets.com/blog/reach-goals-intentional-life) . James sits down with Brandon and David today to talk aboutmental toughness, creating [goals that scare you] (https://www.biggerpockets.com/blog/biggerpockets-podcast-362-jay-wendy-papasan) , gradually working your way up to mastery, and asking “what am I willing to sacrifice to reach the end?” James had to run a business, take care of his seven-person family, and compete for more than a quarter of a year straight. If he can conquer one of the greatest physical and mental feats the world has ever witnessed,what’s stopping you from accomplishing your goals? In This Episode We Cover: Pushing yourself past the limitto see what you’re truly capable of Breaking multiple world records anddeveloping mental toughness Whyyour goals should scare youenough to pursue them Why youdon’t need to [10x your output] (https://www.biggerpockets.com/blog/three-fundamental-choices-that-helped-me-10x-my-real-estate-investing-this-year) and the importance of small steps Findingwhat you’re willing to sacrificeto reach your goal Why every great athlete, entrepreneur, and leader needs [a rockstar team] (https://www.biggerpockets.com/blog/effective-real-estate-team) Choosingthe person who “doesn’t break”under hard circumstances AndSoMuch More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [BiggerPockets Podcast] (https://www.biggerpockets.com/biggerpockets-business-podcast) [BiggerPockets Bookstore] (https://store.biggerpockets.com/) [Open Door Capital] (https://odcfund.com/) [BiggerPockets Perks] (https://www.biggerpockets.com/perks) [BiggerPockets Insights] (http://biggerpockets.com/insights) [BiggerPockets Books] (http://biggerpockets.com/books) [BiggerPockets Podcast 485: Atomic Habits That Help You Achieve Unthinkable Success w/ NYT Best Selling Author James Clear] (https://www.biggerpockets.com/blog/biggerpockets-podcast-485-james-clear) [James “Iron Cowboy” Lawrence's Website] (https://www.ironcowboy.com/) Click here to check the full show notes: https://www.biggerpockets.com/show507 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

19 Sep 2021

1 HR 08 MINS

1:08:45

19 Sep 2021


#511

506: Achieving Financial Freedom Through Small Multifamily Investing

[Financial freedom] (https://www.biggerpockets.com/blog/financial-freedom-guide-30-somethings) is attainable for all of us, but how fast we reach it differs greatly. You may be making $100 profit per month on each single-family home you buy, but what if you could multiply that profit? A duplex becomes $200 per month, a fourplex, $400, and a 16 unit apartment will net you a solid $1,600 per month. Now, it’s not a goal of buying 50+ single-family homes to reach financial freedom, it’s buying 10 or so small multifamily investments. This simple [mindset tweak] (https://www.biggerpockets.com/blog/build-real-estate-portfolio-fast-the-stack) can change your life and investing career forever, it certainly did for Brandon Turner, host of [The BiggerPockets Real Estate Podcast] (https://www.biggerpockets.com/podcast) and author of [The Multifamily Millionaire] (https://store.biggerpockets.com/products/the-multifamily-millionaire-volume-i) . This pre-recorded webinar walks through the key benefits of investing in small multifamily, how to find and finance deals, risks to look out for, and scaling so you can go full-time in real estate. There are tons of tips, tricks, and free giveaways (including discount codes) throughout this episode, and if you’re looking for visuals, head over to the [BiggerPockets Youtube Channel] (https://www.youtube.com/c/biggerpockets) to see the [full slideshow] (https://www.biggerpockets.com/multislides) ! In This Episode We Cover How to reach financial freedom through [small multifamily investing] (https://www.biggerpockets.com/blog/2013-04-09-how-to-buy-a-small-multifamily-property) The four key benefits of investing in multifamily properties How to find deals (even if you live in an expensive area) How to analyze your multifamily deals using the [BiggerPockets Calculators] (https://www.biggerpockets.com/investment-calculators) Financing your deals using [FHA loans] (https://www.biggerpockets.com/blog/fha-loan-pros-cons) , conventional loans, and seller financing Risks and dangers to look out for in your next deal And So Much More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Pro Membership] (https://www.biggerpockets.com/membership-types) [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [The BiggerPockets Bundle Giveaway] (https://get.biggerpockets.com/biggerpocketbundle/) [BiggerPocketsWebinar: How to Become a Real Estate Millionaire (presented by Brandon Turner)] (https://www.bigmarker.com/biggerpockets1/millionaire) [BiggerPockets Podcast 463: How to Get Your First or Next Property (Step-by-Step) in 90 Days] (https://www.biggerpockets.com/blog/biggerpockets-podcast-463-brandon-turner) [BiggerPockets Rental Property Calculator] (https://www.biggerpockets.com/rental-property-calculator) [BiggerPockets Podcast] (https://www.biggerpockets.com/biggerpockets-business-podcast) [BiggerPockets Webinar Replays] (http://biggerpockets.com/replay) [BiggerPockets Bookstore] (https://store.biggerpockets.com/) [BiggerPockets Perks] (https://www.biggerpockets.com/perks) [BiggerPockets Insights] (http://biggerpockets.com/insights) [BiggerPockets Books] (http://biggerpockets.com/books) [BiggerPockets Multislides] (http://biggerpockets.com/multislides) [BiggerPockets 7 Years to 7 Figure Wealth] (http://biggerpockets.com/7years) [BiggerPockets Pro Upgrade] (http://biggerpockets.com/proupgrade) [Realtor] (https://www.realtor.com/) [Open Door Capital] (https://odcfund.com/) [Gary Keller ] (https://en.wikipedia.org/wiki/Gary_W._Keller) [Multiple Listing Service (MLS)] (https://www.mls.com/) Email Your Questions: podcast@biggerpockets.com Check the full show notes here: https://www.biggerpockets.com/show506 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

16 Sep 2021

1 HR 17 MINS

1:17:52

16 Sep 2021


#510

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

You hear [Brandon Turner] (https://www.beardybrandon.com/) ’s voice quite often on the BiggerPockets Real Estate Podcast, but rarely is it heard advising new investors. Today, Brandon is taking on three live “coaching calls” with three investors, all in different stages of their investing career. Brandon and the guests talk through topics like [scaling your business] (https://www.biggerpockets.com/blog/advanced-real-estate-scaling) , [branding your real estate company] (https://www.biggerpockets.com/blog/2013-06-04-branding-real-estate-investing-business) , and when the right time to hire is. These investors have portfolios ranging from a few units to more than forty, making this an episode that any investor can listen to, no matter where they’re at in their [real estate investing journey] (https://www.biggerpockets.com/blog/3-steps-to-kick-start-your-real-estate-investing) . This advice is hand-tailored for each investor, and comes from someone who has made it out of that “awkward teenage investing” phase. In This Episode We Cover: How to [hire out property management] (https://www.biggerpockets.com/blog/consider-this-before-hiring-property-manager) when your portfolio begins to grow Appealing to higher authority when you have to make tough decisions Acting like you own the portfolio you’re trying to scale to Branding your real estate company so people can trust you and invest with you [Starting your own meetup] (https://www.biggerpockets.com/blog/real-estate-investing-start-meetup-locally) if you don’t find one that clicks Understanding that “everything gets easier as you grow” And So Much More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Pro Membership] (https://www.biggerpockets.com/membership-types) [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [The BiggerPockets Bundle Giveaway] (https://get.biggerpockets.com/biggerpocketbundle/) [Cozy] (https://cozy.co/) [Apartments.com] (https://www.apartments.com/) [Ring Central] (https://www.ringcentral.com/) [Google Voice] (https://voice.google.com/u/0/about) [Mobile Home Park Investors with Jefferson Lilly & Brad Johnson] (https://podcasts.apple.com/us/podcast/mobile-home-park-investors-with-jefferson-lilly-brad/id1069263193) [The Mobile Home Park Investing Podcast with Kevin Bupp] (https://podcasts.apple.com/us/podcast/the-mobile-home-park-investing-podcast-real-estate/id1121784143) [Pay Near Me] (https://home.paynearme.com/) [BiggerPockets Facebook Page] (https://www.facebook.com/BiggerPockets/) [BiggerPockets Facebook Group] (https://www.facebook.com/groups/biggerpocketsofficial/) [BiggerPockets Instagram] (https://www.instagram.com/biggerpockets/?hl=en) [Airbnb] (https://www.airbnb.com/) [Are Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do!] (https://www.youtube.com/watch?v=1CLa0UJCn3w) (Youtube Video) [BiggerPockets Conference] (http://biggerpockets.com/conference) Email Your Questions: podcast@biggerpockets.com [Joe's BiggerPockets Profile] (https://www.biggerpockets.com/users/joer72) [Joe's Instagram] (https://www.instagram.com/iam.joerivera/) [Joe's Facebook Page] (https://www.facebook.com/sunrise2sunset.vacationrentals) Check the full show notes here: https://www.biggerpockets.com/show505 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

14 Sep 2021

1 HR 04 MINS

1:04:13

14 Sep 2021


#509

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

Wouldn’t it be nice tobe a millionaire? Sitting under a palm tree, relaxing, with plenty of money set aside for you. To be in that position you not only have to [escape the rat race] (https://www.biggerpockets.com/blog/2016-02-01-rat-race-number-financial-freedom) but pledge to live a life of continual improvement, always looking for ways you can be better. That’s exactly whatBrandon TurnerandDavid Greenedid to reach their [multimillionaire status] (https://www.biggerpockets.com/blog/biggerpockets-money-podcast-180-brian-blask) and live a life of greatness. In this episode, we continue listing theten steps to become a millionaire, with a bonus step at the end. If you didn’t hearlast week’s episode, [check out episode 503] (https://www.biggerpockets.com/show503) for the first five steps mentioned by David and Brandon. This time, we talk about things likeharnessing synergy, upgrading your social circle, quitting the things that hold you back, searching for continual improvement, andalways giving back. Think of [becoming a millionaire] (https://www.biggerpockets.com/blog/guides/millionaire-guide) less as a singular task and more as acontinual journey. If you put in the work and follow these steps laid out by David and Brandon, you’ll have a high chance of becoming a millionaire (if not a multimillionaire) within the next decade. So get out there, meet people, make opportunities, andachieve the impossible. In This Episode We Cover: Getting on a team where yourstrength is amplified [Surrounding yourself with those who overachieve] (https://www.biggerpockets.com/blog/2016-01-18-people-for-entrepreneurial-success) and push you higher Finding a way toquit everything repeatable or assignable Doing what others view as “hard” andpushing yourself to be great Helping others upgrade their livesand [giving back] (https://www.biggerpockets.com/blog/how-giving-back-can-help-you-invest-in-the-future) whenever possible Taking advantage of this strong economy totackle as much as you can AndSoMuch More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Pro Membership] (https://www.biggerpockets.com/membership-types) [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [The BiggerPockets Bookstore] (https://store.biggerpockets.com/) [GoBundance] (https://www.gobundance.com/) [Open Door Capital] (https://odcfund.com/) Email Your Questions: podcast@biggerpockets.com [BiggerPockets Podcast 217: How to Work Less and Earn More Using the 80/20 Rule with Perry Marshall] (https://www.biggerpockets.com/blog/bp-podcast-217work-earn-8020-rule-perry-marshall) [BiggerPockets Podcast 457: How Thinking 5 Moves Ahead Can Make You Millions with Patrick Bet-David] (https://www.biggerpockets.com/blog/biggerpockets-podcast-457-patrick-bet-david) Click here to check the full show notes: https://www.biggerpockets.com/show504 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

12 Sep 2021

1 HR 08 MINS

1:08:23

12 Sep 2021


#508

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

You probably know Brandon Turner and David Greene as multimillionaire real estate investors. What you may not know, is that a decade ago this was a very different story. Brandon didn’t grow up in a wealthy family, and by his 20s, had packed on about $20,000 of [credit card debt] (https://www.biggerpockets.com/blog/2016-02-12-smart-credit-card-debt-student-loans) while spending $1,000 more than he could afford each month. David grew up in a family where finances were a constant stressor, he later vowed to himself that he would never let [money problems] (https://www.biggerpockets.com/blog/solve-financial-issues) hurt him or the people he loves. Now, both Brandon and David have made the long journey from rags to riches, and through investing in real estate they were able to pull themselves up by their bootstraps and reach [financial independence] (https://www.biggerpockets.com/blog/key-to-financial-independence-has-nothing-to-do-with-real-estate) . Today, we talk through the first five (of ten) steps that helped Brandon and David reach this financial feat. This is a great episode to take notes on, as [becoming a millionaire] (https://www.biggerpockets.com/blog/rental-property-wealth-generators) is close to impossible without following most, if not all of these steps. While this episode isn’t entirely focused on real estate investing, a large part of being a successful real estate investor is financial intelligence. Even if you’ve made mistakes in the past with investments, debt, spending, or any other financial lever, following these ten steps will give you a solid framework to stair-step your way into millionaire status. In This Episode We Cover How Brandon and David discovered their need for financial independence early in life Thinking of money the same way you think about fitness and health Reaching huge financial milestones, even if you started out with extra obstacles Fighting [lifestyle creep] (https://www.biggerpockets.com/blog/how-not-to-blow-5-figures-a-month) and never falling into the Ferrari trap [Building an income stream that is scalable] (https://www.biggerpockets.com/blog/create-multiple-streams-income-real-estate) , passive, and automated The “stair-stepping” method that leads to massive wealth accumulation And So Much More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Pro Membership] (https://www.biggerpockets.com/membership-types) [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [The BiggerPockets Bookstore] (https://store.biggerpockets.com/) [Alan Corey] (https://www.penguinrandomhouse.com/authors/76508/alan-corey/) [Gary Keller] (https://en.wikipedia.org/wiki/Gary_W._Keller) [BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming] (https://www.biggerpockets.com/blog/biggerpockets-podcast-500-robert-kiyosaki) [BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions with Cameron Herold] (https://www.biggerpockets.com/blog/biggerpockets-podcast-447-cameron-herold) [BiggerPockets Podcast 461: Defeating the “Enemy of Success” with Steven Pressfield (The War of Art)] (https://www.biggerpockets.com/blog/biggerpockets-podcast-461-steven-pressfield) [GoBundance] (https://www.gobundance.com/) [YNAB (You Need A Budget)] (https://www.youneedabudget.com/) [Mint] (https://mint.intuit.com/) [Open Door Capital] (https://odcfund.com/) Email Your Questions: podcast@biggerpockets.com Check the full show notes here: https://www.biggerpockets.com/show503 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

09 Sep 2021

1 HR 04 MINS

1:04:10

09 Sep 2021


#507

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

Welcome back to another episode of the BiggerPockets Podcast. Today, we’re trying a new format where David Greene and [Dave Meyer] (https://www.biggerpockets.com/users/davem27) bring on an expert in the real estate investing space and talk through all the [market trends] (https://www.biggerpockets.com/blog/short-term-rental-trends-2021) , legislature, and other factors influencing the housing market and economy. As our special guest, [Kathy Fettke] (https://www.realwealthnetwork.com/about/kathy-fettke/) from the [Real Wealth Network] (https://www.realwealthnetwork.com/) joins us to talk about housing market predictions in 2021 and beyond, the [eviction moratorium] (https://www.biggerpockets.com/blog/supreme-court-eviction-moratorium) (and its effects after ending), and where investors should start looking for opportunities. We touch on economic concepts like [supply and demand] (https://www.biggerpockets.com/blog/housing-demand-vs-supply) , how this market compares to 2007’s bubble, why millennials are soon to become the biggest buying cohort in America, and the [underbuilding crisis] (https://youtu.be/7JVxcjURHjE) that we’re currently facing. If you’d like to request a topic for discussion or ask a question, send us an email at podcast@biggerpockets.com with NEWS in the subject line! In This Episode We Cover: [Housing market predictions] (https://www.biggerpockets.com/blog/housing-market-predictions-2021) for 2021 and beyond Comparing today’s high values to the values back in 2007 The eviction moratorium and the impact it had on mom and pop landlords Understanding the difference between the dollar crashing and [home values skyrocketing] (https://www.biggerpockets.com/blog/home-prices-market-peak-2021) When we will return to a more “normal” housing market Why millennials face an uphill battle when trying to purchase homes And So Much More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Pro Membership] (https://www.biggerpockets.com/membership-types) [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [Dave's Real Estate News] (https://www.youtube.com/playlist?list=PLgSUZKLPRI9vVBft1VPkRKGz6BnAdorFA) [NMHC Rent Payment Tracker] (https://www.nmhc.org/research-insight/nmhc-rent-payment-tracker/) Email Your Questions: podcast@biggerpockets.com Check the full show notes here: http://biggerpockets.com/show502 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

07 Sep 2021

1 HR 00 MINS

1:00:10

07 Sep 2021


#506

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

We’re back with another episode of “Seeing Greene” with [David Greene] (https://www.davidgreene24.com/) ! Listeners and investors have submitted their questions via video and through the [BiggerPockets Facebook Groups] (https://www.facebook.com/groups/322441088727192) and BiggerPockets forums over the past month, we’vecompiled some of the best (and most frequently asked) questionsso David can answer them live on air! This episode goes over a handful of different topics with questions fromagents, [wholesalers] (https://www.biggerpockets.com/blog/why-wholesalers-get-a-bad-rap) ,new home buyers,rookie investors,veteran investors, and others just trying to get into real estate investing. These questions are not only common, but crucial when trying to understandpurchasing, [structuring] (https://www.biggerpockets.com/blog/2014-11-18-6-steps-to-structuring-a-solid-real-estate-deal-with-investors) , andoptimizing real estate investments. If you want toask David a question, [click here to submit a video] (http://biggerpockets.com/david) for David to answer on the next “Seeing Greene”! Want an answer right away? Head over to the [BiggerPockets forums] (https://www.biggerpockets.com/forums) to get help frommillions of other real estate investors, just like you. In This Episode We Cover: How tobecome a star agentin a brand new (or competitive) market [Should youuse points] (https://www.biggerpockets.com/blog/mortgage-discount-points) to get lower interest rates? How soon can yourefinance a house purchased in cash? What are some factors of a successful [short-term rental] (https://www.biggerpockets.com/blog/analyze-short-term-rental) ? How would David escape a triangle hold from Brandon Turner? How do you [structure partnerships] (https://www.biggerpockets.com/blog/real-estate-new-investor-structure-partnership) ? AndSoMuch More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Pro Membership] (https://www.biggerpockets.com/membership-types) [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [BiggerPockets Bookstore] (https://www.biggerpockets.com/bookstore) [David’s Instagram] (https://www.instagram.com/davidgreene24/) [BiggerPockets Bundle] (https://biggerpockets.com/bundle) [BiggerPockets Wealth Magazine] (https://store.biggerpockets.com/products/biggerpockets-wealth-magazine) [Submit Your Questions to David Greene] (https://airtable.com/shr2uOqeOHBOOwhLu) Click here to check the full show notes: https://www.biggerpockets.com/show501 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

05 Sep 2021

58 MINS

58:36

05 Sep 2021


#505

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

[Robert Kiyosaki] (https://www.richdad.com/) is arguably the most influential author in the finance, real estate, and investing space. His book, [Rich Dad Poor Dad] (https://www.biggerpockets.com/richdadpoordad) , has sold over thirty million copies and has been translated into forty different languages across forty different countries. Since its inception in 2002, Rich Dad Poor Dad has become almost every investor’s favorite book, prompting them to get out of the rat race, pursue [financial independence] (https://www.biggerpockets.com/blog/key-to-financial-independence-has-nothing-to-do-with-real-estate) , and teach them everything Robert’s “Rich Dad” taught him. Robert has seen numerous housing cycles, including crashes, booms, and busts. His knowledge of micro and macroeconomics is astounding (to say the least) and he has some strong [predictions for the future of real estate investing] (https://www.biggerpockets.com/blog/housing-market-predictions-2021) and the global economy as a whole. We talk about capitalism, marxism, communism, [inflation] (https://www.biggerpockets.com/blog/investor-understand-inflation) , debt, assets, liabilities, and everything in between. This episode is not only crucial for anyone who is a fan of Robert’s books, [board games] (https://www.richdad.com/products/cashflow-classic) , and videos but anyone who truly wants to learn the game of real estate. As a general word of advice: Robert has some very strong opinions that he voices throughout this episode, and even if you disagree with any (or many) of them, it may serve helpful to listen to his full explanations of his takes. Robert has built an incredibly successful life, but started as a child of a financially dependent family, served in the marines during the Vietnam war, and has fought hard to keep capitalism alive and well in the United States, and abroad. Be sure to grab Robert’s new book, [Capitalist Manifesto] (https://store.richdad.com/products/capitalist-manifesto) , and thank you for joining us for the 500th episode of The BiggerPockets Podcast! In This Episode We Cover: Why Rich Dad Poor Dad remains a timeless classic in the investing world Why Robert favors real estate, precious metals, and [cryptocurrency] (https://www.biggerpockets.com/blog/investing-in-cryptocurrencies-with-your-ira) above other assets The [difference between an asset and liability] (https://www.biggerpockets.com/blog/2016-01-26-liability-asset-own-house-you-live-in) , and why so many Americans confuse them Writing (and fighting) for freedom, prosperity, and wealth Paying attention to the macroeconomic trends and using them to make smarter investing decisions The assets that Robert is bullish on in today’s market Why you need to love [studying real estate] (https://www.biggerpockets.com/blog/start-real-estate-education) to become successful And So Much More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Pro Membership] (https://www.biggerpockets.com/membership-types) [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [BiggerPockets Bookstore] (https://www.biggerpockets.com/bookstore) [Brandon's Instagram] (https://www.instagram.com/beardybrandon) [David’s Instagram] (https://www.instagram.com/davidgreene24/) [BiggerPockets Bundle] (https://biggerpockets.com/bundle) [BiggerPockets Wealth Magazine] (https://store.biggerpockets.com/products/biggerpockets-wealth-magazine) [BiggerPockets Podcast 479: 10 Powerful Lessons Brandon Learned Building a $50M+ Rental Portfolio] (https://www.biggerpockets.com/blog/biggerpockets-podcast-479-brandon-turner) [Ray Kroc's Story] (https://www.mcdonalds.com/us/en-us/about-us/our-history.html) [Dave Ramsey's Website] (https://www.ramseysolutions.com/) [Cashflow Game] (https://www.richdad.com/products/cashflow-the-board-game) [GoBundance] (https://www.gobundance.com/) [Ken McElroy's Website] (https://kenmcelroy.com/) [David's Guesting on Ken McElroy's Show] (https://www.youtube.com/watch?v=D7hXE1ZVQKg) [Jordan Peterson's Website] (https://www.jordanbpeterson.com/) Check the full show notes here: https://biggerpockets.com/show500 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

02 Sep 2021

1 HR 11 MINS

1:11:48

02 Sep 2021


#504

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

Many people call themselves “ [entrepreneurs] (https://www.biggerpockets.com/blog/biggerpockets-business-podcast-102-gino-wickman) ” nowadays. Essentially, anyone who can make some kind of income on their own is an entrepreneur, but there is abig difference between an entrepreneur and a business owner. While an entrepreneur can start businesses, a business owner can build, enhance, and delegate out a business. This is something that today’s guest, [James Wedmore] (https://www.jameswedmoretraining.com/) , is proficient at. James’ experience in this field speaks for itself, he’s an8-figure CEO, ahighly sought-after [coach] (https://www.biggerpockets.com/blog/2013-03-28-go-it-alone-or-hire-a-coach) for successful business leaders, andruns the [Mind Your BusinessPodcast] (http://mindyourbusinesspodcast/) . He has a unique viewpoint when looking at growth, which allows many business owners to take a step back and think “what is truly achievable?” James helps business owners grow their businesses into scalable, profitable, and successful operations. He focuses onbuilding a “machine” that can run as a business, as opposed to a business owner doing 10+ different tasks, solely because they can. He also talks about the importance ofhaving urgency in your product offeringand giving your business what it needs to thrive, not just trying to extract what you need from it. In This Episode We Cover: Thedifference between entrepreneurs and business owners Why so many business ownersget bored of their business Addressing the needs of your business and asking “what does it want from me?” Letting go oftechnician rolesin a business and delegating tasks [Getting rid of bad habits] (https://www.biggerpockets.com/blog/biggerpockets-podcast-485-james-clear) through mindful integrity Forgiving yourself formistakes, self-judgment, and blame AndSoMuch More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Pro Membership] (https://www.biggerpockets.com/membership-types) [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [BiggerPockets Bookstore] (https://www.biggerpockets.com/bookstore) [Brandon's Instagram] (https://www.instagram.com/beardybrandon) [David’s Instagram] (https://www.instagram.com/davidgreene24/) [OpenDoor Capital] (https://odcfund.com/) [Mind Your Business Podcast] (http://mindyourbusinesspodcast/) [BiggerPockets Podcast 484: 3 Ways to Simplify Your Real Estate Investing with Brandon Turner] (https://www.biggerpockets.com/blog/biggerpockets-podcast-484-brandon-turner) [BiggerPockets Podcast 449: How Emails Are Constantly Destroying Your Productivity with Cal Newport] (https://www.biggerpockets.com/blog/biggerpockets-podcast-449-cal-newport) Click here to check the full show notes: https://www.biggerpockets.com/show499 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

29 Aug 2021

1 HR 21 MINS

1:21:51

29 Aug 2021


#503

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

When most people think about [section 8 housing] (https://www.biggerpockets.com/blog/section-8-tenants-pros) , they think of run-down homes, troublesome tenants, and negligent landlords. This stereotype may prove true in some markets, but for [Dr. Joe Asamoah] (https://joeasamoah.com/) , this is far from reality. Joe has built his real estate portfolio by renovating homes to an incredibly high standard, situated in some of the best neighborhoods in the DC market, and all while under section 8 housing. Joe figured out early on that section 8 housing authorities gave much more rent money for houses with 5 bedrooms and up, so he started [renovating] (https://www.biggerpockets.com/blog/how-to-renovate-house) to match the rent section 8 could provide him. This not only allows him to take home a sizable profit, but score tenants who will respect his homes as their own, and stay there for 15 to 20 years minimum. This is no joke, Joe has tenants who have been with him for two decades! You’ll see a deep dive of Joe’s latest property in today’s episode, complete with pictures, videos, and other helpful visuals. If you’re only listening to this podcast, we’d highly recommend checking out the video version over on the [BiggerPockets Youtube channel] (https://www.youtube.com/user/BiggerPockets) ! In This Episode We Cover: What the “Big City [BRRRR] (https://www.biggerpockets.com/blog/brrrr-numeric-breakdown-buy-rehab-rent-refinance-repeat) ” strategy entails How to control tenant turnover so you have [ZERO vacancy] (https://www.biggerpockets.com/blog/decrease-tenant-turnover) Using section 8 to take in higher rents How to create a top tier product that attracts [top tier tenants] (https://www.biggerpockets.com/blog/good-tenant-traits) Becoming the best landlord a tenant could ask for Adding bedrooms, bathrooms, and getting permits for everything in between And So Much More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Calculators] (https://www.biggerpockets.com/investment-calculators) [BiggerPockets Pro Membership] (https://www.biggerpockets.com/membership-types) [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [BiggerPockets Bookstore] (https://www.biggerpockets.com/bookstore) [Brandon's Instagram] (https://www.instagram.com/beardybrandon) [David’s Instagram] (https://www.instagram.com/davidgreene24/) [BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah] (https://www.biggerpockets.com/blog/biggerpockets-podcast-356-joe-asamoah) [Rookie Podcast 03: Coronavirus Crash? Do's and Don'ts from Recession Veterans Joe Asamoah and Steve Rozenberg] (https://www.biggerpockets.com/blog/rookie-podcast-03coronavirus-crashdos-donts-recession-veterans-joe-asamoah-steve-rozenberg) [BiggerPockets Youtube: Big City BRRRR Strategy & Recession Proof Cash Flow Real Estate with Joseph Asamoah!] (https://www.youtube.com/watch?v=ImdsgH3kKfQ) Check the full show notes here: https://www.biggerpockets.com/show498 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

26 Aug 2021

1 HR 11 MINS

1:11:49

26 Aug 2021


#502

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

We’re back for part two with [The Multifamily Millionaire] (https://store.biggerpockets.com/products/the-multifamily-millionaire-volume-i) authors [Brandon Turner] (https://www.beardybrandon.com/) and [Brian Murray.] (https://www.biggerpockets.com/users/brianm27) This time, Brian is on the mic to give you theten steps to purchase your first large multifamily property. You may be thinking that these ten steps sound too easy for such a large deal, but that is part of the advice that Brian gives. Brian wants smaller multifamily owners or even single-family owners to know thatbuying a [large multifamily] (https://www.biggerpockets.com/blog/jump-to-large-scale-multifamily) property is just more volume, not a completely different skill set. If you own one or multiple units right now, you may have more skills than most to take down a 100-unit apartment building or a big [mobile home park] (https://www.biggerpockets.com/blog/mobile-home-parks-hottest-asset-class-2020) . The only thing standing in your way is the mindset. This episode just scratches the surface of what’s possible in large multifamily real estate investing, the rest can be found in [The Multifamily Millionaire Volume II] (https://store.biggerpockets.com/products/the-multifamily-millionaire-volume-ii) .As a reminder,if you purchase before the end of August 2021, you’ll get a four-week multifamily masterclass, taught by Brandon Turner. In This Episode We Cover: Why chasinglarger deals leads to larger profits Understanding theskills needed to become a successful multifamily investor Shrinking your criteria down to a micro-level, not just a macro overview Starting (or investing in) [syndications] (https://www.biggerpockets.com/blog/biggerpockets-money-podcast-219-j-scott) so you can get into bigger multifamily deals [Capital stacks] (https://www.biggerpockets.com/blog/multifamily-capital-stack) ,debt, andother types of financingwhen buying large properties Whyunderwritingis more than just putting numbers into a spreadsheet AndSoMuch More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Calculators] (https://www.biggerpockets.com/investment-calculators) [BiggerPockets Pro Membership] (https://www.biggerpockets.com/membership-types) [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [BiggerPockets Bookstore] (https://www.biggerpockets.com/bookstore) [Brandon's Instagram] (https://www.instagram.com/beardybrandon) [David’s Instagram] (https://www.instagram.com/davidgreene24/) [BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray] (https://www.biggerpockets.com/blog/2015-06-11-bp-podcast-126-from-0-to-400-units-through-value-add-investing-with-brian-murray) [BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray] (https://www.biggerpockets.com/blog/buying-115-unit-apartment-complex-cash-pocket-brian-murray) [Discover the Multifamily Book bonuses] (https://store.biggerpockets.com/products/the-multifamily-millionaire-volume-i) Click here to check the full show notes: https://www.biggerpockets.com/show497 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

22 Aug 2021

1 HR 49 MINS

1:49:17

22 Aug 2021


#501

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

For the most part, [Brandon Turner] (https://www.beardybrandon.com/) was able to achieve [financial independence] (https://www.biggerpockets.com/blog/key-to-financial-independence-has-nothing-to-do-with-real-estate) through small multifamily investing. This is why investing in duplexes, triplexes, quadplexes, and even 24-unit apartment buildings can be a fantastic learning experience and money maker for new landlords. But how do you get started if you’ve never bought a property before? Brandon and his co-author of [The Multifamily Millionaire] (https://store.biggerpockets.com/products/the-multifamily-millionaire-volume-i) , [Brian Murray] (https://www.biggerpockets.com/users/brianm27) , walk through the seven steps to go from real estate onlooker to small multifamily master. We talk about everything from defining your criteria, financing, management, lead generation, and more. If you’re looking to build a portfolio of small multifamily properties that will allow you to break out of the rat race and do more of what you love (which may be large multifamily), make sure you not only listen to this whole episode but get Brandon and Brian’s new book! This is a two-part episode series. In part one we talk about small multifamily and in part two we talk about large multifamily, both episodes have crucial information for anyone trying to get into the multifamily space! In This Episode We Cover: The difference between [small multifamily properties and large multifamily properties] (https://www.biggerpockets.com/blog/small-or-midsized-multifamily) Financial independence vs. generational wealth and understanding which goal you have Why you don’t necessarily need to start small in multifamily Defining your [crystal clear criteria] (https://www.biggerpockets.com/blog/achieving-success-real-estate-investing-3-cs) and knowing what you want On-market leads vs. [off-market leads] (https://www.biggerpockets.com/blog/off-market-multifamily) and the pros/cons of both Financing small multifamily properties and house hacking The “multifamily warp” that takes you from newbie investor to multi-millionaire And So Much More! Links from the Show [BiggerPockets Forums] (https://www.biggerpockets.com/forums) [BiggerPockets Calculators] (https://www.biggerpockets.com/investment-calculators) [BiggerPockets Youtube Channel] (https://www.biggerpockets.com/youtube) [BiggerPockets Bookstore] (https://www.biggerpockets.com/bookstore) [Realtor.com] (http://realtor.com/) [LoopNet] (https://www.loopnet.com/) [Zillow] (https://www.zillow.com/) [Jason Drees's Coaching] (https://www.jasondreescoaching.com/) [Ryan Murdock's Instagram] (https://www.instagram.com/ryan.murdock21/?hl=en) [Mike Williams's LinkedIn Profile] (https://www.linkedin.com/in/goformike) [Micah Cabagbag's Instagram] (https://www.instagram.com/cabagz/?hl=en) [BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray] (https://www.biggerpockets.com/blog/2015-06-11-bp-podcast-126-from-0-to-400-units-through-value-add-investing-with-brian-murray) [BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray] (https://www.biggerpockets.com/blog/buying-115-unit-apartment-complex-cash-pocket-brian-murray) Check the full show notes here: https://www.biggerpockets.com/show496 See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

19 Aug 2021

1 HR 34 MINS

1:34:31

19 Aug 2021