BiggerPockets Real Estate Podcast

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641: 15 Rentals in 1 Year (While Running 3 Businesses!) by Putting Time First w/Christian Bachelder

Jul 28, 2022

Guest

Christian Bachelder

Christian Bachelder, a dynamic real estate investor, mortgage broker, and insurance agent, shares how he managed to acquire 15 rental properties in just one year while juggling multiple businesses. He discusses the importance of efficient time management and strategic partnerships, revealing how to harness referrals into successful ventures. Christian also offers valuable financing tips to lower down payments and secure favorable interest rates, emphasizing the need to prioritize quality in service providers for long-term success.

01:32:14

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ANECDOTE

Career Transition

Christian Bachelder, with an engineering degree, felt unfulfilled in his initial career.
He transitioned to real estate, insurance, and lending, inspired by a mentor's one-stop-shop model.

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ADVICE

Choosing Professionals

Choose brokers, lenders, and agents who invest in real estate themselves.
They offer better service and understand investor needs better than general representatives.

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ANECDOTE

Airbnb Cleaning Crew

Rob Abasolo prioritizes paying more for reliable Airbnb cleaners.
This ensures consistently positive reviews and higher booking rates, justifying the extra cost.

Get the Snipd Podcast app to discover more snips from this episode

Maximizing Time and Financial Returns

02:33 • 6min

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Navigating the Real Estate Transition

08:45 • 9min

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The Cost of Choosing Value Over Price

17:49 • 4min

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The Power of Reliable Partnerships

21:52 • 20min

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Building Relationships and Strategic Time Management in Real Estate Investing

41:28 • 4min

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Mastering Real Estate Investment Strategies

45:03 • 13min

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Investing Smarter: Individual Investor Advantages

58:15 • 8min

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Smart Strategies for Real Estate Success

01:05:46 • 11min

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Navigating Real Estate Trends and Successful Investment Strategies

01:17:14 • 5min

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Lessons from a First Major Investment and Favorite Books

01:22:35 • 3min

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Embracing Challenges: Hobbies and Insights on Real Estate Investing

01:25:29 • 2min

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Navigating Social Media and Real Estate Insights

01:27:06 • 5min

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Never Split the Difference

Negotiating As If Your Life Depended On It

Tahl Raz

Chris Voss

VOSS/RAZ

This book, written by former FBI hostage negotiator Chris Voss and co-author Tahl Raz, provides a masterclass in influencing others through negotiation. It distills the Voss method, revealing skills such as establishing rapport, creating trust with tactical empathy, and transforming conflict into collaboration. The book is filled with real-life examples from Voss's career, illustrating how these techniques can be applied in both professional and personal life to achieve goals and defuse potential crises.

Buy, Rehab, Rent, Refinance, Repeat

The BRRRR Rental Investment Strategy Made Simple

David Greene

This book by David M. Greene outlines the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy for real estate investing. It explains how to purchase undervalued properties with cash, rehab them, rent them out, and then refinance to recover the initial investment and repeat the process. The book includes personal anecdotes, practical advice, and detailed steps for identifying target properties, negotiating offers, and increasing property value. Greene also discusses the importance of building a team and managing finances effectively to achieve financial independence through real estate investing.

Long-Distance Real Estate Investing

David Greene

Skill

David Greene

In 'SKILL', David M. Greene offers a comprehensive guide for real estate agents to elevate their business by mastering sales funnels, negotiation tactics, and social media management. The book provides strategies to develop winning traits, build momentum, and execute systematic presentations to ensure more leads become clients. It also emphasizes the importance of technology integration and interpersonal skills in real estate sales.

Sold

David Greene

SOLD provides a detailed look at how successful real estate agents build their business, close deals, and generate commissions. The book offers practical advice on lead generation, sales funnels, and client management, helping agents overcome common hurdles and achieve success in the industry. It is designed for both new and seasoned agents seeking to refine their business skills and become top producers.

Vacation rentals, real estate agent commissions, brokerage fees, insurance quotes, and everything in between just start to scratch the surface of who Christian Bachelder is. Some of you may have seen Christian before on our YouTube channel where he talks about interest rates, loan products, and other future financing projections. But today, Christian gets to talk about how he not only built a large rental portfolio but did so while running multiple businesses.

Even as full-time workers, many Americans feel like they don’t have enough time in the day to relax, let alone invest. So how does someone with a jam-packed schedule, a lot of pressure, and a mountain of responsibilities find time to not only buy one rental but fifteen rental properties in a year? To Christian, it took a bit of trial and error, but the answer is simply making your time as efficient as humanly possible.

He’s been able to heavily invest, start and run one of the top mortgage brokerages in the country, work as an agent, and provide insurance to clients as well. He drills down into what business owners and investors alike need to do to reclaim their time, and once it’s theirs, use it to the highest and best use. He also drops some financing pro tips that may help you lower the down payment you need or close with a better-than-average interest rate!

In This Episode We Cover:

Turning your referrals into full-blown businesses that can build your wealth

Why investors should always choose brokers, lenders, and agents who invest themselves

The velocity of time and why focusing on “return on time” beats ROI when investing

Creative financing and loan programs that can save you serious cash at closing

Partnering up to not only buy real estate but build businesses faster

How to get three times more work done in the same amount of time

And So Much More!

Links from the Show

BiggerPockets Youtube Channel

BiggerPockets Forums

BiggerPockets Pro Membership