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

Oct 14, 2021

Amidst the vibrant backdrop of Bourbon Street, the hosts share exhilarating takeaways from a major real estate conference. They discuss strategies for thriving in today’s market, the importance of continuous education, and how to build valuable connections with fellow investors. Insights into future market trends and features of successful investors provide listeners with a roadmap for wealth-building. The episode also emphasizes the significance of self-care and networking, while engaging stories enhance the excitement of real estate journeys.

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ADVICE

Funding Deals

Focus on funding deals and helping investors find a suitable strategy.
Begin with lending and build a strategy based on accessible financing options.

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ANECDOTE

Syndication with Social Impact

Andresa Guidelli is passionate about a syndication project with social impact.
This project provides returns to investors while helping women in transition.

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ADVICE

Connecting People

Focus on connecting people in the real estate industry.
Making connections can simplify processes and create mutually beneficial opportunities.

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Live Reflections and Real Estate Insights from BPCon 2021

02:24 • 4min

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Navigating Burnout and Building Connections

06:25 • 23min

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Maximizing Networking Through Self-Care and Strategic Resources

29:53 • 4min

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Community Insights from the Real Estate Conference

34:00 • 21min

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Navigating Real Estate Success

55:12 • 29min

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Balancing Life and Growth

01:23:44 • 8min

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Embracing Change in Life and Investing

Burr is a historical novel by Gore Vidal that explores the life of Aaron Burr, the third Vice President of the United States. The story is told through the eyes of Charles Schuyler, a young law clerk who becomes Burr's biographer. The novel delves into Burr's past, including his duel with Alexander Hamilton and his trial for treason, while also critiquing the traditional narratives of American history.

The Book on Rental Property Investing

How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing

Brandon Turner

The Book on Rental Property Investing by Brandon Turner provides practical advice on creating wealth and passive income through smart real estate investing. It covers topics such as finding deals, managing properties, and maximizing cash flow. The book is designed for both beginners and experienced investors looking to build a profitable real estate portfolio.

The 12 Pillars of Success

Jim Rohn

Raising Private Capital

Building Your Real Estate Empire Using Other People’s Money

Matt Faircloth

The Miracle Morning

The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM)

Hal Elrod

The Miracle Morning by Hal Elrod provides a step-by-step process to transform your life by starting your day with six powerful practices: Silence (meditation), Affirmations, Visualization, Exercise, Reading, and Scribing (journaling). This updated and expanded edition includes new content such as The Miracle Evening and The Miracle Life, helping readers optimize their bedtime and sleep, and begin their path to inner freedom. The book has helped millions of people become the person they need to be to create the life they’ve always wanted.

The Miracle Morning

The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM)

Hal Elrod

Eat That Frog

Brian Tracy

The Richest Man in Babylon

George Clason

This book, written by George S. Clason, uses a series of parables to convey fundamental principles of personal finance and wealth accumulation. Published in 1926, it remains highly relevant today, offering practical advice on saving, investing, budgeting, and financial discipline. The parables are engaging and easy to understand, making complex financial concepts accessible to readers of all backgrounds. Key principles include paying yourself first, living within your means, and making money work for you through wise investments. Despite its historical setting, the book's core lessons are adaptable to modern financial practices and have had a profound impact on countless readers worldwide.

Thinking in bets

Making Smarter Decisions When You Don't Have All the Facts

Annie Duke

In this book, Annie Duke teaches readers how to make better decisions by treating them as 'bets' on uncertain outcomes. She emphasizes the importance of distinguishing between the quality of a decision and its outcome, acknowledging the role of luck, and avoiding biases such as 'resulting' and hindsight bias. Duke draws on her experiences as a professional poker player and combines these with insights from cognitive psychology and other fields to provide tools for making more objective and thoughtful decisions. The book encourages readers to get comfortable with uncertainty, seek truth through diverse opinions, and learn from outcomes to improve future decision-making.

The Warren Buffett Way

Investment Strategies of the World's Greatest Investor

Robert G Hagstrom

This book provides an in-depth examination of Warren Buffett's investment strategies, highlighting his approach to valuing businesses, his criteria for selecting investments, and the key principles that have contributed to his remarkable success. It emphasizes Buffett's focus on understanding the business rather than speculating on stock prices, and it outlines his business, management, and financial tenets for evaluating potential investments.

Extreme ownership

How U.S. Navy SEALs Lead and Win

Leif Babin

Jocko Willink

This book by Jocko Willink and Leif Babin focuses on the principle of 'Extreme Ownership,' where leaders take full responsibility for their actions and decisions. The authors use their experiences in the U.S. Navy SEALs to illustrate how this mindset can lead to success in any organization. The book covers various principles such as believing in the mission, checking ego, and leading by example. It emphasizes that leaders must own all failures, develop plans to overcome them, and ensure their teams are well-conditioned and aligned with the mission. The authors also stress the importance of humility, discipline, and effective communication in leadership.

The only woman in the room

Eileen Pollack

Eileen Pollack's "The Only Woman in the Room" is a memoir that delves into her experiences as a woman pursuing a career in theoretical physics. The book vividly portrays the challenges and isolation she faced as one of the few women in her field. Pollack's narrative highlights the subtle and overt forms of gender discrimination she encountered, from discouragement from professors to the lack of mentorship and support. The memoir offers a powerful and insightful look at the systemic barriers women face in STEM fields. It serves as a testament to the resilience and determination of women striving for success in male-dominated environments.

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.

The Ruthless Elimination of Hurry

John Mark Comer

In 'The Ruthless Elimination of Hurry', John Mark Comer argues that hurry and busyness are significant enemies of spiritual life. The book offers a roadmap for staying emotionally healthy and spiritually alive by adopting a slower, simpler way of life. Comer draws from his personal experiences and spiritual disciplines to provide practical advice on how to slow down and cultivate a deeper intimacy with God. He emphasizes the importance of practices such as prayer, fasting, and sabbath rest to overcome the challenges of modern life and find true fulfillment.

Rocket Fuel

The One Essential Combination That Will Get You More of What You Want from Your Business

Gino Wickman

Mark C. Winters

Rocket Fuel details the integral roles of the Visionary and Integrator and explains how an effective relationship between the two can help a business thrive. The Visionary is typically the idea generator and strategic thinker, while the Integrator is the manager who ensures the business operates smoothly. The book provides assessments to help determine whether you are a Visionary or an Integrator and offers advice on how to find and work with your complementary partner. It emphasizes that when these two roles work together, they can achieve significant growth and success for the company.

Rich Dad Poor Dad

What the Rich Teach Their Kids about Money - That the Poor and the Middle Class Do Not

C.P.A. Sharon L. Lechter

Robert Kiyosaki

The book tells the story of Robert Kiyosaki's two fathers: his 'poor dad,' a highly educated but fiscally poor man, and his 'rich dad,' the father of his best friend who was a successful entrepreneur. It emphasizes the importance of financial education, distinguishing between assets and liabilities, and building wealth through investing in assets such as real estate and businesses. Kiyosaki argues that a good education and a secure job are not guarantees for financial success and provides practical lessons on how to make money work for you rather than working for money.

Vivid Vision

Cameron Herold

Who Says Elephants Can't Dance?

Leading a Great Enterprise through Dramatic Change

Louis V. Gerstner, Jr.

In *Who Says Elephants Can't Dance? *, Lou Gerstner recounts his journey as CEO of IBM, where he led a dramatic turnaround by redefining the company's strategy and culture. The book offers insights into managing crises and transforming large organizations, providing a unique case study in leadership and corporate renewal. Gerstner's memoir reflects on the challenges faced by IBM and the principles that guided its resurgence.

The Multifamily Millionaire

Brandon Turner

The Molecule of More

How a Single Chemical in Your Brain Drives Love, Sex, and Creativity—and Will Determine the Fate of the Human Race

Daniel Z. Lieberman

Michael E. Long

The Molecule of More delves into the role of dopamine in human behavior, revealing how this neurotransmitter drives our desires, fuels creativity, and influences various aspects of life including love, business, addiction, and politics. The authors argue that dopamine is not just a 'pleasure molecule' but a chemical of anticipation and possibility, which explains why we often crave what we don’t have and why we are driven to pursue new and unexpected things. The book uses insights from psychology, neuroscience, and social studies to provide a comprehensive understanding of dopamine’s impact on the human condition.

The Millionaire Real Estate Agent

Gary Keller

Dave Jenks

This book provides a comprehensive guide for real estate agents to scale their operations and achieve high levels of success. It explains three key concepts that drive production, outlines economic, organizational, and lead generation models, and details how to 'Earn a Million,' 'Net a Million,' and 'Receive a Million' in annual income. The book is designed for both new and veteran real estate professionals, offering practical advice and actionable data to enhance their careers.

The Power of Now

A Guide to Spiritual Enlightenment

Eckhart Tolle

In 'The Power of Now', Eckhart Tolle discusses the importance of living in the present moment to achieve spiritual enlightenment. The book draws from various spiritual traditions, including Buddhism and mysticism, to explain how people's emotional problems are rooted in their identification with their minds. Tolle argues that the present moment is the only truly real time and that past and future are mere mental constructs. He provides methods for relaxation and meditation to help readers anchor themselves in the present, such as avoiding multitasking, spending time in nature, and letting go of worries about the future. The book also introduces concepts like the 'pain-body' and the distinction between one's thoughts and true self, emphasizing the need to recognize and separate from the destructive influence of the mind.

The 10X Rule

Grant Cardone

In 'The 10X Rule,' Grant Cardone introduces the principle of setting targets that are ten times what you think you want and then taking ten times the action you think it will take to accomplish those targets. The book stresses the importance of massive thoughts followed by massive actions, perseverance, positivity, and a domination mentality. Cardone argues that success is not an option but a duty, and it requires a mindset shift to achieve extraordinary results. He emphasizes the need to take full responsibility for one's success, to be obsessed with goals, and to overcome fear and obstacles through persistent action.

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, investors, and authors, learning about everything from running a business to short-term rental markets, to self-storage, and more.

On this live episode, your hosts, Brandon and David, are joined by Scott Trench, host of the BiggerPockets Money Podcast, Ashley Kehr and Tony Robinson, hosts of the Real Estate Rookie Podcast, and Liz Faircloth and Andresa Guidelli, hosts of The Real Estate InvestHER Podcast, 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, 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!

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 before you go in on a deal with them

The top characteristics that contribute to your success as an investor

Why you should definitely be at BPCon 2022

And So Much More!

Links from the Show:

NPR (National Public Radio)