43: Getting Started, Making Offers, and Crazy Properties with Shaun Reilly

On today’s episode of the BiggerPockets Podcast we sit down with real estate investor Shaun Reilly to talk about a wide range of topics – from getting started while living in an expensive area to wholesaling, putting in offers, flipping houses, buy and hold, and a lot more.

This interview was a ton of fun to do and there are so many great nuggets of information that anyone who listens will walk out with skills they can apply to their real estate investing business.

Read the transcript for episode 43 with Shaun Reilly here.

In This Show, We Cover:

• How to start investing when properties are super expensive
• The benefits and pitfalls of investing in condos
• How Shaun got his first successful flip from a failed wholesale deal
• Investing in real estate with a credit card
• Shaun’s direct mail campaign – and how he got the list for free
• Tips on working with real estate agents
• Offering on HUD Properties
• Offering on hundreds of properties to see what sticks
• The mistakes Shaun has made in his real estate investing
• The craziest property anyone on our show has ever purchased
• And more!

Links From the Show:

BP Podcast 038: Unique Strategies for Buying Real Estate with Travis Daggett

Books Mentioned in the Show:

• Rich Dad Poor Dad by Robert Kiyosaki
• Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki
• Rich Dad’s Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! by Robert Kiyosaki
• Nothing Down: How to Buy Real Estate With Little or No Money Down by Robert Allen
• The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change by Stephen R. Covey
• Getting Things Done by Robert Allen

Tweetable Topics

• Don’t focus on simplistic things that are easy to do but are not effective. (Tweet This!)
• The key to buying troubled properties is buying them at the right price. (Tweet This!)
• There are two kinds of real estate investors – those who make a lot of money and those who give up too soon. (Tweet This!)

Connect with Shaun

• Shaun’s BiggerPockets Profile
• Shaun’s BiggerPockets’ Member Blog
• Shaun’s Lead Gen Website: http://www.rre-homes.com/

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