Barbara Corcoran understands real estate arguably better than anyone else. And while most of us know her from Shark Tank, Barbara swims in a league of her own as one of the most successful real estate investors and brokers in New York City. She knows the up-and-coming areas, the overpriced hipster neighborhoods, the streets to stray away from, and which will make you rich when owning real estate. And while Barbara has made a killing, she’s done it in a way foreign to almost any other real estate investor.
If you want to know the “formula” for making a fortune, this is the episode to tune into. In it, Barbara uncovers the exact way she finds the hottest rental markets before anyone else, why she consistently overpays for properties, the reason you should partner on almost EVERY deal you do, and why small-time investors are MUCH more likely to succeed than the big players.
Not only that, but Barbara also shares her past failures and why falling flat on her face was what she needed to see great success. She talks about her infamous word-of-mouth campaign that sold out an eighty-unit apartment complex in hours, the “Corcoran Report” that landed her on the front page of The New York Times, and why you MUST talk to waiters whenever investing in a new area.
In This Episode We Cover:
Barbara’s investing formula that will make you a FORTUNE (if you take the risk!)
A terrible first real estate investment and a crucial finding Barbara learned from failing
Overpaying for properties and why savvy investors don’t worry about the purchase price
Cash-out refinances and why Barbara is ALWAYS taking money out of her properties
Almost unbelievable marketing moves that Barbara made to boost her business
Whether or not buying with today’s “high” mortgage rates is a mistake
Why taking a night drive could be your key to finding the best real estate markets
And So Much More!
Links from the Show
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Rob's BiggerPockets Profile
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Barbara Corcoran’s Top 5 Tips for Winning During a Market Downturn
3 Rules for Crushing It in Business w/Barbara Corcoran
Connect with Barbara:
Barbara's Instagram
Barbara's Podcast
Barbara's Twitter
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-763
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