BiggerPockets Real Estate Podcast

Most of the guests here on the BiggerPockets Podcast have focused on residential properties—but there is a whole different world to explore in the commercial real estate space. That’s why we’re thrilled to bring you this powerful interview with an investor who’s truly crushing the commercial real estate industry! Our guest today is David Puchi, an investor who owns more than 50 neighborhood shopping centers (“strip malls”) throughout the United States. David tells how he built this massive portfolio and why he believes it is one of the best real estate niches to be a part of. This show will open your eyes to an exciting world you never knew existed.In This Episode We Cover: How David started real estate investing Why he brought a bank guarantor partner into his deal How he turned a shopping mall around What the “Amazon proofing strategy” is What he looks for in commercial properties The challenges of this strategy Who to hire to start investing in shopping centers What synergy is in reference to tenants How one tenant can affect the whole center A passive way to invest in triple net properties Tips on how to finance these deals Where he finds his deals How to analyze a neighborhood for shopping malls Tips for performing due diligence for this kind of deal The metrics you should study to figure out the health of a tenant Where he sees his business in the future And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Marketplace BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! Books Mentioned in this Show The Book on Rental Property Investing by Brandon TurnerFire Round Questions I am planning to build a 10~12K sqft strip with 6 units, which type of business will be well fit? What is protocol for charging and collecting overdue rent? How to lease retail store to franchise How to determine value of a commercial property w/ no list price? Adding appreciation to a commercial property Are current tenants a big factor in the sellability? Tweetable Topics: “Having reasonable leverage makes more sense than over leverage.” (Tweet This!) “Basic property management experience is a great launching pad in owning commercial properties.” (Tweet This!) “You can’t rely on the market to force appreciation.” (Tweet This!) Connect with DavidDavid’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

People spend years thinking about buying real estate—but many never take the first step. Not today’s guest, though! Today, we sit down with Craig Curelop, a new investor in the expensive Denver market, as he shares his story of buying his very first “house hack” and how’s he’s actually getting PAID to live for free. You’ll also learn some other creative way Craig is generating extra income each month (including renting out his car!) on his quest for financial freedom. It’s a super inspiring story with a plethora of tips, so don’t miss a moment of it!In This Episode We Cover: Craig’s story and how he found out about BiggerPockets What he does at BiggerPockets How he house hacked his first home in Denver Tips for finding a good agent How to find a good lender What exactly PITI is How he’s generating rent from his place His method of fast tracking his way to financial freedom How his Airbnb system works, including how he handles cleaning Tips for turning liabilities to assets How he rents out his car A discussion on having a frugal lifestyle His future plans for real estate investing And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Marketplace 12 Easy Tips to Reduce Your Vacancy Rates and Find Great Tenants (blog) Airbnb Craigslist Turo Books Mentioned in this Show The Book on Rental Property Investing by Brandon Turner Set for Life by Scott Trench The 10x Rule by Grant Cardone The One Thing by Gary Keller Rich Dad Poor Dad by Robert Kiyosaki Never Split the Difference by Chris Voss The Four Agreements by Don Miguel Ruiz &? Janet Mills Fire Round Questions Do I need to disclose to my “roommates” that I am the landlord and owner? Is it a good deal to get a duplex (for the purpose of house hacking) if you paying small amount from your pocket every month to cover all the costs? Has anyone put a kegerator in their Airbnb? What would you recommend: pool, hot tub or none? Tweetable Topics: “The first step to buying a property is to find a lender and to find an agent.” (Tweet This!) “To find the lender that’s right for you, you have to have the criteria you’re looking for.” (Tweet This!) “Everyone has a unique advantage in their life.” (Tweet This!) Connect with Craig Craig’s BiggerPockets Profile Craig’s Facebook Profile Craig’s LinkedIn Profile Craig’s Twitter Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

How do you build up an arsenal of relevant landlording knowledge? Through hands-on experience. Eric Drenckhahn is a “DIY landlord” who has managed his mid-sized portfolio for years and who has come across countless maintenance and landlording issues. Join us in picking his experienced mind across a myriad of real estate issues and learn how to become a successful DIY landlord.In This Episode We Cover: How Eric got started investing in real estate Thoughts on buying properties for what they’re worth The reason he waited for 8 years before investing again Why the real estate crash didn’t hurt him Tips for determining your CapEx How to become a DIY maintenance landlord A discussion on DIY vs. hiring it out What you should know about managing properties Instances where doing it yourself goes a long way What’s next for with Eric And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Calculators LoopNet Books Mentioned in this Show Set for Life by Scott Trench Emerging Real Estate Markets by David Lindahl Fire Round Questions Who is responsible: tenant or landlord? How much do you collect as a holding deposit/fee, and what do you call it? What do your unit turnovers actually cost? Refinish hardwood or install LVP? Best flooring for a rental? Tweetable Topics: “To make money, you need to have positive cash flow.” (Tweet This!) “Landlord can weed out the simple things.” (Tweet This!) “Managing property is no problem.” (Tweet This!) Connect with Eric Eric’s BiggerPockets Profile Eric’s Personal Website Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s the episode you’ve been waiting for: Grant Cardone is BACK on the BiggerPockets Podcast! Last time Grant was on the show he owned $350 million in real estate. Now, with over $600 million, he’s just warming up! From the moment this show begins, it’s a high-powered, fast-moving, high-level (and hilarious) explosion of information and entertainment aimed to motivate, educate, and inspire you to greatness. You’ll hear why Grant thinks buying a house is one of the stupidest decisions one can make, his plan for avoiding the next real estate decline, and why he says NOW is the best time to invest in real estate—plus a lot more.  In This Episode We Cover: What’s new with Grant A discussion on the next real estate crash? How to make money in today’s market Why a low cap rate matters How many offers he makes How to get going on big deals Why you need to go big The mistakes amateurs are making Various ways to learn more about properties without an agent Why you should partner with someone with money Areas to invest Why you shouldn’t buy a house The power of mobility And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone BiggerPockets Events LoopNet HFF ARA CBRE Cushman & Wakefield BiggerPockets Podcast 246: Surviving the Coming Crash, Earning 20% Returns, and Buying Mobile Home Parks with Kevin Bupp Books Mentioned in this Show The 4-Hour Workweek by Timothy Ferriss The Richest Man in Babylon by George S. Clason Tweetable Topics “In good times, everybody’s a showoff.” (Tweet This!) “The professional investor has to be willing to move to other markets.” (Tweet This!) “Not being known at all is going to hurt you.” (Tweet This!) “You don’t need a home.” (Tweet This!) “Houses were for the banks and weren’t for the people.” (Tweet This!) Connect with GrantCardone Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Why do you want to invest in real estate? Is it just about having a lot of units—or is it about creating a life you can be proud of? On today’s episode of The BiggerPockets Podcast, we sit down with Josh Daniels, a real estate investor in Montana who, along with his wife Summer, has chosen to buy fewer but better deals on a quest for financial freedom. You’ll hear about Josh’s highly creative actions that turned their first deal into a cash-cow, as well as the shift to (and reason for) investing in single family houses. You’ll love Josh’s attitude toward financial freedom, as well as his message that you don’t need hundreds of units to be free.In This Episode We Cover: How Josh got started investing right out of college The story behind his killer first rental Rental rates for this property How they earned $80k on their next deal What exactly a live-in flip is How they manage their properties A discussion on tenant drama in multi- vs. single-family properties Josh’s “why” in his investing How to handle emotional attachment to deals Tips on financing deals through the BRRRR method His thoughts on Dave Ramsey’s advice for paying off loans And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore 500k Net worth in 5 years (I’m 30 today!!!) (Forum Post) Dave Ramsey From Shop Teacher to Multifamily Syndicator with Todd Dexheimer Books Mentioned in this Show The Millionaire Mind by Thomas J. Stanley The Millionaire Next Door by Thomas J. Stanley Brandon’s Book on Rental Property Investing The Total Money Makeover by Dave Ramsey Fire Round Questions New member – Looking for advice on getting started How many chances do you give a tenant who pays late? This house has no takers Tweetable Topics “Ignore everything on the MLS. Drive every street and check out dilapidated properties.” (Tweet This!) “Life is not a competition.” (Tweet This!) Connect with JoshJosh’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Looking to scale up your real estate investing business? If so, don’t miss this incredibly powerful episode of The BiggerPockets Podcast. On today’s show, you’ll meet Todd Dexheimer, who started investing in real estate while working a full-time job as a shop teacher at a Minnesota High School. Todd walks us through his journey of quitting his job and scaling his business to hundreds of flips and rental properties in just a few short years. You’ll hear how Todd analyzes markets before deals, how he puts together the financing on large multifamily purchases, and how he builds a solid team—no matter how far he’s located from the property.In This Episode We Cover: How Todd got started in real estate How he found and financed his first deal What exactly a 203k loan is How he bought a rental and a flip How to three projects at the same time while working a full-time job What his investing life looks like today How he scaled his investing to hundreds of purchases How he was able to gradually quit his job Tips for digging deeper with midsize multifamily properties What he looks for in a property Advice for getting the overall picture of the market (a unique way to study markets) How Todd manages to invest out-of-state How to get the right people on your team Why he chose Cincinnati The story behind his 84-unit contract How he manages his projects His ski resort story Todd’s vision of owning $200 million in real estate And SO much more! Links from the Show BiggerPockets Forums CBRE Marcus & Millichap ARA Rental Colliers Redi Cincinnati LoopNet Trulia Raising Money to Buy 1,000 Apartment Units with Brian Adams Books Mentioned in this Show Set for Life by Scott Trench Finding & Funding Great Deals by Anson Young (discounted!) Emerging Real Estate Markets by David Lindahl Rich Dad Poor Dad by Robert Kiyosaki The ABCs of Real Estate Investing by Ken McElroy How to Win Friends & Influence People by Dale Carnegie Fire Round Questions Is a roof deck on a multifamily worth building? What services could a person provide that would not be considered acting as a property manager? Short Term or Long Term Lease? Flipping a house with extensive mold (advice or order of repairs) Adding sqft to a home Owner wants to sell 9 mos from now…best way to tie up property? Tweetable Topics “It’s not just about good cash flow; it’s about your ability to get out of that investment in the future.” (Tweet This!) “It’s all a referral business. People talk about people they like and trust.” (Tweet This!) “If you’re going to try to raise money, you’ve got to have people who know what you do.” (Tweet This!) “Getting good tenants is the best strategy.” (Tweet This!) Connect with Todd Todd’s BiggerPockets Profile Todd’s Company Website Todd’s Linkedin Profile Todd’s Podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

Today’s podcast is unlike anything you’ve heard before. Today, we’re not interviewing anyone. Instead, we’re going to motivate, educate, and inspire you to take some MASSIVE ACTION and sprint to the end of the year!Why 90 days?Because the end of 2017 is just three months away, and we know that many of you had some big goals you wanted to accomplish by the end of the year—but you are falling behind. Or maybe you’ve crushed your goals and you are ready to up the ante to hit an even higher goal.On this podcast, you are going to discover : Why the next three months are the best time of the year to buy real estate How to build a step-by-step plan (including daily action steps) to accomplish your goal How to build a lead funnel that will generate consistent leads for your business And much more. This episode is an invitation to join thousands of others in the BiggerPockets community to take the “90 Day Challenge,” a three-month sprint to hit your 2017 goals. This episode is unlike anything we’ve done before—and we think you’re going to love it. Amateur-hour is over. It’s time to take massive action.In This Episode We Cover: 4 powerful reasons why Q4 is the best time to buy real estate… but only if you do this one thing Create a goal for the end of 2017 … and we’ll build a week-by-week, dayby-day plan to get there Learn how to build a real estate funnel that delivers leads on autopilot Discover how BiggerPockets can propel you to greater success, faster And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Calculators 7 Years to 7 Figure Wealth 90 Day Challenge Worksheet 90 Day Challenge Slides Books Mentioned in this Show The book on investing with low or no money down by Brandon Turner The book on Rental Property Investing by Brandon Turner Tweetable Topics: “Life doesn’t get better by chance. It gets better by change.” (Tweet This!) “A goal without a plan is just a wish.” (Tweet This!) “Every property has a ‘home run number.'” (Tweet This!) Learn more about your ad choices. Visit megaphone.fm/adchoices

When most investors hear the words “mobile home park,” they turn and run the other way. But not today’s guest, who’s found incredible success buying (and repositioning) mobile home parks. You’ll learn how Kevin Bupp got his real estate started with single family homes (eventually owning hundreds) and how that led to major problems in the last real estate crash. You’ll also find out how he’s making sure the next crash is different. Discover the incredible power of mobile home parks in generating huge returns in this less-popular real estate niche by learning Kevin’s story. If you are looking to generate huge amounts of cash flow, this is an episode you can’t afford to miss!In This Episode We Cover: The difference between trailer parks and mobile home parks How Kevin got started Why to not choose single family homes How to “stress test” your deals How (and why) he got into mobile home parks The target market for this investment Some objections to owning a mobile home park The average vacancy Kevin deals with Tips for financing mobile home parks The challenges of analyzing mobile home parks How a mobile home park is valued Advice for adding value to parks What you want to consider when investing mobile home parks How to find mobile home parks And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Facebook BiggerPockets Books BiggerPockets Webinar BiggerPockets Pro Replay Podio Insightly Commercial Real Estate Investing With Frank Gallinelli Credit Karma Breakthrough App Books Mentioned in this Show Set for Life by Scott Trench The Book on Rental Property Investing by Brandon Turner What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli The Slight Edge by Jeff Olson Tweetable Topics: “There’s like a million and one ways to make money in real estate. You just have to pick one and give it some time.” (Tweet This!) “We want to be in front of the sellers when they either decide to sell or need to sell.” (Tweet This!) “Everyone goes through challenges in their business.” (Tweet This!) “Tomorrow probably will provide the answer if you don’t give up today.” (Tweet This!) Connect with Kevin Kevin’s BiggerPockets Profile Kevin’s Personal Website Kevin’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you in this business to make a quick buck—or are you looking to build generational wealth for you and your family? If the latter is true for you, don’t miss a moment of this powerful show with bestselling author Ryan Holiday. Ryan, best known for his books, such as The Obstacle Is the Way: The Timeless Art of Turning Trials into TriumphA, Trust Me, I’m Lying: Confessions of a Media Manipulatorr, Ego Is the Enemye, and Perennial Seller: The Art of Making and Marketing Work that Lasts , is also a part-time real estate investor and lender. In this show, we cover a large variety of topics including hard money lending, vacation rentals, writing books, how the awareness of death can make life better, stoicism, and much, much more.In This Episode We Cover: Ryan’s background The importance of learning from other people His experience as Director of Marketing for American Apparel Tips on looking for a mentor His first real estate adventure His thoughts on Airbnb How he gets leads for loans How to do what you love through passive income The story behind The Obstacle is the Way How to react to economy collapse Advice to investors who only see the obstacle How to control your ego Why you should do the right thing despite not sharing it And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Facebook BiggerPockets Books BiggerPockets Webinar Josh’s Instagram Profile Brandon’s Instagram Profile Derek Sivers Books Mentioned in this Show Set for Life by Scott Trench Finding and Funding Great Deals by Anson Young The Obstacle Is the Way by Ryan Holiday Trust Me, I’m Lying by Ryan Holiday Ego is the Enemy by Ryan Holiday Perennial Seller by Ryan Holiday The 48 Laws of Power by Robert Greene Cashflow Quadrant by Robert Kiyosaki Rich Dad Poor Dad By Robert Kiyosaki The Millionaire Next Door by Thomas J. Stanley Fooled by Randomness by Nicholas Taleb The Black Swan by Nicholas Taleb Antifragile by Nicholas Taleb Billion Dollar Lessons by Paul B. Carroll & Chunka Mui Fire Round QuestionsBest Way to Invest a Large Lump Sum of Money ($100-$300K)?Tweetable Topics: “Any fool can learn by experience. I prefer to learn by the experience of others.” (Tweet This!) “Every single business is hiring if you can help them make more than you cost.” (Tweet This!) “A mentorship is not a destination, it’s a process that ensues.” (Tweet This!) Connect with Ryan Ryan’s Instagram Profile Ryan’s Website Daily Stoic Learn more about your ad choices. Visit megaphone.fm/adchoices

There are a lot of reasons to love being a real estate investor. One of the most impressive is the “unfair” tax treatment investors get by the US Government – and we mean that in a good way! On today’s episode of The BiggerPockets Podcast, we sit down with CPA Linda Weygant to learn more about those incredible tax benefits. You’ll also hear how she discovered the power of real estate through her clients, and how that led her to begin her own investing journey. Linda shares how she navigates the messy world of investing in properties that have HOAs, as well as how she uses her “unfair advantages” to succeed where others fail. Finally, as a CPA, we have a special “tax-focused-Fire-Round” where we talk about LLCs, deductions, and much more!In This Episode We Cover: How Linda got into real estate Why the government likes real estate investors What her first deal looked like What to look out for when using credit cards for rehabs Should you be debt free before investing? Debt to income ratio Why she chose a townhouse as a first investment Her HOA story The landlord vs HOA mentality How she got her positions in the HOA boards Rent-By-The-Room apartments How to manage Rent-By-The-Room Investing with family and getting an LLC How one should handle their business Where she’s headed in the next 10 years And SO much more! Links from the Show BiggerPockets Forums Sept. 27, 2017 NYC Meetup w/Brandon Turner (Darren’s Event) BiggerPockets Calculators Partnerships, Landlording, and Getting Started in Real Estate with Meghan McCallum Meghan McCallum’s BiggerPockets Profile BiggerPockets Meetup Events Brandon Hall’s BiggerPockets Profile Books Mentioned in this Show Set for Life by Scott Trench The Book on Rental Property Investing by Brandon Turner Finding and Funding Great Deals by Anson Young The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland The 4-Hour Workweek by Timothy Ferriss You’ve Got This by Will Matthews Fire Round Questions Writing off a firearm? Meet 750hrs on a Single Rental Property? Is education cost a tax deductible business expense? Tweetable Topics: “The costs to maintain a property go up every year.” (Tweet This!) “Always be open for something new.” (Tweet This!) “Always treat your tenants with respect.” (Tweet This!) Connect with LindaLinda’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices