BiggerPockets Real Estate Podcast

Let’s be honest: not everyone is trying to buy hundreds or thousands of properties. In fact – just a small handful of incredible deals can help build impressive wealth AND great income. That’s the story you’ll hear today as we speak with Joe “JD” Martin, a real estate investor who’s building wealth while working his full-time job. As you’ll hear, JD had a rough start to his investing, losing over $100,000 on his first “deal,” but came back to create a stable, cash-flowing portfolio of single family houses that has given him financial freedom and over a million dollars in wealth. If that sounds like a plan you can get behind – don’t miss a moment of this powerful episode!In This Episode We Cover: Losing six figures on the first deal The number one problem of that failed deal How Joe got back into investing again and the strategy he chose The details on his first rehab Landlords who hate being landlords How the quality of tenants matter The importance of knowing who you want to rent to Having a day job while investing A Simple investing strategy How he finances his properties What is Cashflow Recycling? The freedom to do what you love to do And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Pro Replay Josh’s Instagram Profile Brandon’s Instagram Profile Brandon’s Twitter Profile Josh’s Twitter Profile BiggerPockets Calculators and Analysis Tools Zillow Trulia Realtor Books Mentioned in this Show Real Estate Investing For Dummies by Eric Tyson & Robert S. Griswold Your Money or Your Life by Vicki Robbin, Joe Dominguez, & Monique Tilford The $100 Startup by Chis Guillebeau The Millionaire Next Door by Thomas J. Stanley & William D. Danko The 4-Hour Workweek by Timothy Ferriss Fire Round Questions Can I get started in real estate with $20k… and how? What’s your best advice for tenant screening? Electric vs Natural Gas Range/oven for tenants Tenant’s dog bit me on the leg Tweetable Topics: “A great place to live may not be a great place to sell to make some money.” (Tweet This!) “There’s no one path that works for everyone.” (Tweet This!) “You’re really just competing against yourself. There’s no competition.” (Tweet This!) Connect with Joe Joe’s BiggerPockets Profile Joe’s Personal Website Joe’s Band Learn more about your ad choices. Visit megaphone.fm/adchoices

Money doesn’t buy happiness – but it can give you the freedom to live a truly extraordinary life, something our guest today can really speak to! We sit down with Josh Randall, an investor from Kentucky with nearly 100 units who also works as a full-time business owner. You’ll love Josh’s mindset when it comes to buying cars, travel, and more through real estate, as well as his “goal-focused” investing that will get him fully retired by the age of 48 (with $50k a month in cash flow!) Josh is incredibly fun and also highly informative, so don’t miss a second of this show which Brandon calls “one of his top episodes ever!”In This Episode We Cover: How Josh got started in real estate through buying a Corvette Details on his first deal – a mini mall Selling bath tubs while property was still empty How many properties Josh currently owns Juggling business and real estate investing Facebook Marketing to find deals The Plumber story His strategy His monthly cashflow The ‘why‘ behind his investing Making assets pay for the liability His strategy in finding deals The types of houses he buys Adding one more bedroom to a house What is a knockdown? Managing a business with 70 employees and real estate investing The Limo Hummer And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Facebook Profile Buy and Hold Real Estate—What Works and What Doesn’t with Tim Shiner BiggerPockets Webinar Tenant Cloud Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki 50 Things They Didn’t Teach You in School by Tim Shiner Playing to Win: Jerry Jones and the Dallas Cowboys by David Magee Fire Round Questions Oil tank in basement – should I remove? Investing/Flipping Manufactured home. Good or bad idea? Buyer asks for inspection report items to be repaired. Tweetable Topics: “Real estate is a piece of cake. I can do it with my eyes closed!” (Tweet This!) “There’s always a way to add an additional bedroom.” (Tweet This!) “Not everybody is the same person.” (Tweet This!) Connect with Josh Josh’s BiggerPockets Profile Central City Rentals Facebook Page Josh’s Company Website Josh’s Personal Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Is it possible to go from firefighter to real estate mogul? Just ask Jeff Wallenius, who started with a single flip, financed entirely with hard money. He was able to parlay that early success into a profitable flipping business and has been flipping 10-12 houses a year in the Portland market for the last five years. Now, he’s set his sights even higher, has created a couple of funds, and is buying cash flowing turnkey real estate around the country.In This Episode We Cover: Jeff’s transition from firefighting to real estate investing His first flip What exactly a “cash flow negative” spouse is The numbers on that first deal How he sold it How to price your property Why he went back in 2012 after the crash The indicator of a good partner How he scales his flipping business What he thinks buying out-of-state Tips for “riding along” with someone to learn more How to build an investment fund Why he sees safety and performance as his bull’s eye What turnkey is and how someone can vet one His next goal: acquiring 150 houses in his portfolio And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Forms BiggerPockets Conversations Farmers Only Lessons Learned from 40+ Years as a Real Estate Investor with Jay Hinrichs Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Set for Life by Scott Trench Talent is Overrated by Geoffrey Colvin Fire Round Questions Long distance rehab: hire project manager, or pass? Let’s get real about starting out Tweetable Topics: “You don’t want to be the cheapest property in the market.” (Tweet This!) “I’d like to align myself with people that have good morals that are going to do the right thing when it’s hard.” (Tweet This!) “Flipping is great, but when we stop flipping, the money ends.” (Tweet This!) Connect with Jeff Jeff’s BiggerPockets Profile Jeff’s Company Jeff’s Facebook Profile Jeff’s Twitter Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Financial debt (like student loans or credit cards) is irritating, expensive, and flat-out dangerous. But you don’t have to be stuck paying the minimum payments for decades like most Americans. Today, we’re excited to introduce you to Brentin Hess, a young investor who “flipped his way out of student loan debt” and has already been able to quit his job thanks to his real estate investments. You’ll learn how Brentin used a partnership to begin his house flipping journey, as well as the mistakes that cost him time and money in the beginning. Brentin is incredibly inspiring, so take time to listen to this entire episode—and prepare to have a fire lit beneath you!In This Episode We Cover: Tips for getting into real estate at a young age Brentin’s experience of having a real estate license at 19 years old How his first partnership came to fruition How to deal with contractors when you’re young The details of his first deal Tips for leveraging capital What exactly a Guidance Line of Credit is The importance of building relationships Why he shifted from flipping to rental properties How he financed a multifamily deal Tips for finding the right partners When you should consider the rent as stabilized How he quit his job The story of how Gary Vaynerchuck was a guest for his event And SO much more! Links from the Show BiggerPockets Forums How to Achieve Greater Success by Doing Less with Devin Elder Achieving Financial Freedom at Age 32 with Austin Fruechting A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod Gary Vaynerchuk’s Podcast From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman How Modeling Greatness Can Get You To 100+ Deals with Matt Aitchison Overcoming Inaction, Direct Mail, and Becoming an Successful Wholesaler with Tim Gordon Brandon’s Twitter Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Crush It! by Gary Vaynerchuk The Millionaire Real Estate Investor by Gary Keller How to Make Big Money in Small Apartments by Lance Edwards Change Your Habits, Change Your Life by Tom Corley The 7 Habits of Highly Effective People by Stephen Covey Fire Round Questions Which mortgage should I pay off first? Rental or my own? Credit card to fund renovations—lots of questions! How can I avoid the mistakes that YOU made? Tweetable Topics: “A lot of people who are into real estate sales don’t even get into investing.” (Tweet This!) “Flipping is transactional.” (Tweet This!) “Time is a finite resource.” (Tweet This!) “Life is boring if you’re not being creative.” (Tweet This!) Connect with Brentin Brentin’s BiggerPockets Profile Brentin’s Instagram Profile Brentin’s Facebook Profile GoRecn Learn more about your ad choices. Visit megaphone.fm/adchoices

Many people dream of achieving financial freedom, but how many actually get there? Today on The BiggerPockets Podcast, you’ll meet one man who did just that. Austin Fruechting began buying rental properties less than 10 years ago, but by the age of 32 was able to retire on the cash flow coming in. You’ll learn just how he was able to do this by reverse engineering success, buying rental properties in bulk, and using the BRRRR strategy to minimize the cash he needed to buy his properties. Whether you are looking to achieve financial freedom at 32, 52, or 72, this podcast is one you don’t want to miss!In This Episode We Cover: How Austin got started in just 9 months  The details of his first deal Tips for accessing lines of credit as a newbie What you should know about unsecured lines of credit How he finds the deals Why he doesn’t invest in turnkey properties How to map out the passive income financial freedom involves What it’s like to achieve financial freedom at 32 What exactly a long-term buy and hold is How to find a good property manager The best deal Austin’s ever done And SO much more! Links from the Show BiggerPockets Forums Slow Hustle Podcast Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Thinking, Fast and Slow by Daniel Kahneman Fire Round Questions German roaches – tardy tenants Newbie Wondering Where I Should Invest? Newbies: What is the competitive advantage? Best advice you were given? Tweetable Topics: “The fear is always going to be conquered by knowledge.” (Tweet This!) “When the right deal is there, I do whatever it takes to get it done.” (Tweet This!) “As long as you keep proving yourself, it opens some other doors.” (Tweet This!) “All of the pros started as complete novices and beginners too.” (Tweet This!) Connect with Austin Austin’s BiggerPockets Profile Austin’s Blog Austin’s Instagram Profile Austin’s Facebook Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Michael Swan, a P.E. teacher, shares his journey to becoming a real estate millionaire using the 'trading up' concept. He discusses liquidating retirement funds for deals, luck in real estate, tips for buying properties with cash flow and appreciation, and managing properties while teaching. Learn about his transition to full-time real estate investing, financial freedom with multifamilies, and handling big projects

In this episode of The BiggerPockets Podcast, we’re excited to talk about two incredibly powerful strategies any real estate investor (new or experienced!) can use to grow their business: partnerships and BRRRR investing. Today’s guest, Ian Reeves, used a combination of both these strategies to build an incredible portfolio in just the past few years, having started after listening to this very podcast. This episode is sure to blow your mind with both education and entertainment, so sit back and prepare to have your world rocked forever!In This Episode We Cover: How Ian got started The details of his first property Why house hacking is a good idea How he has 65 units already Why he chose partnership Tips for finding the right partners through BiggerPockets The pros of being a part of an REI meetup What you should know about the BRRRR strategy A look into whether you should buy expensive properties Where he got his initial loan The dangers of commercial loans The importance of having the right mindset The secret to scaling quickly The worst deal he has ever done And SO much more! Links from the Show BiggerPockets Forums Creation Festival Northwest 10th Avenue North Fincon House Hacking 101 Brandon’s Instagram Mindy’s Instagram BiggerPockets Events 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod Tim Ferriss Show: Derek Sivers How to Find and Fund Real Estate Deals with Anson Young Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki The Millionaire Real Estate Investor by Gary Keller The Miracle Morning by Hal Elrod Set for Life by Scott Trench The One Thing by Gary Keller and Jay Papasan The Book on Rental Property Investing by Brandon Turner The 4-Hour Work Week by Tim Ferriss Mastery by Robert Greene 80/20 Sales and Marketing by Perry Marshall Fire Round Questions Mailing campaign – letter, post cards (Still a good idea?) I just turned 22, what is the best path for a strong portfolio? How the Heck Are You Doing 5-10 BRRRRs Per Year?! Looking for networking advice Partnership Learning Process Tweetable Topics: “It’s a dangerous situation when you are not reinvesting your profits.” (Tweet This!) “Fifty percent of a deal is better than 100 percent of no deal.” (Tweet This!) “Just tell the people what you’re doing and they can sense the passion.” (Tweet This!) “All the information that you could ever want is already out there. It’s up to you if you implement or not.” (Tweet This!) Connect with Ian Ian’s BiggerPockets Profile Ian’s Facebook Profile Ian’s Youtube Channel Learn more about your ad choices. Visit megaphone.fm/adchoices

How does one scale a real estate investing business to hundreds of thousands of dollars in profit in under two years? That’s the topic on today’s episode of The BiggerPockets Podcast, where you’ll hear just how Lance Wakefield, a real estate wholesaler in the Dallas area, accomplished that amazing feat. You’ll hear Lance’s powerful story of hitting rock bottom through numerous tragedies that hit him all at once and the devastation that caused—but you’ll also hear how he went from having just $3,500 to his name to earning over $400,000 in profit in less than 18 months. This show is motivating, educational, powerful, and moving—so don’t miss a moment of it. This is one show you’ll want to bookmark and listen to over and over and over again!In This Episode We Cover: What Lance did before real estate investing How he learned to flip homes at the age of 15 The concept of “house hacking” car dealerships The life tragedies that led him to lose everything Why stupid deals provide priceless teaching moments How to achieve massive success in just 21 months Why he teamed up with his wife The story behind their first deal What to know about the 2% Rule What you get when you spend $50k/month on marketing How to build out your processes How to obtain the right mailing list The software he uses to build his deal funnel How he determines the needs of the seller How to make real estate investing a business What’s next for Lance And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Hard Money Lenders Advertise on BiggerPockets Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles BiggerPockets Meet Pipedrive BiggerPockets Webinars J. Scott’s BiggerPockets Profile A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod Books Mentioned in this Show Trump-Style Negotiation by George Ross Multipliers by Liz Wiseman Traction by Gino Wickman The Miracle Morning by Hal Elrod Set for Life by Scott Trench Fire Round Questions Proof of funds letter Building a buyers list Questions to ask an accountant Best way to find Contractors in this busy market Tweetable Topics: “It was stupid to do as a deal. But as a learning experience, it was priceless.” (Tweet This!) “Our goal is to meet the need of the seller.” (Tweet This!) “When you are not focusing on the revenue, you are focusing on the wrong thing.” (Tweet This!) “Negotiation is everything. It is the key to real estate.” (Tweet This!) Connect with Lance Lance’s BiggerPockets Profile Lance’s LinkedIn Profile Lance’s Facebook Profile Lance’s Instagram Profile Lance’s Phone Number: 469-478-2143 Learn more about your ad choices. Visit megaphone.fm/adchoices

From the millions of people who come to BiggerPockets each month, there are two issues that we hear about over and over and over: People can’t find deals, and they can’t find money. So today on the BiggerPockets Podcast,we’re excited to dive deep into these two issues with a good friend of BiggerPockets—Anson Young. Anson is an experienced investor (and new author!) who shares his best tips for finding real estate deals, even in a competitive market. You’ll learn his best direct mail tips, advice for talking with sellers, and much, much more!In This Episode We Cover: Who is Anson Young? How many deals he has done so far The most common mistakes made when finding deals How to set the right criteria Where to find great properties How to cut through the competition Tips for using CRMS and checklists for direct mail marketing Where Anson gets his lists What exactly a probate is How to maximize networking and referrals How to use bandit signs the right way The bonuses you’ll get with Anson’s book What you need to know about funding deals And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Store ListSource BiggerPockets Podcast 034: Virtual Real Estate Investing and How to Find Great Deals in a Hot Market with Anson Young BiggerPockets Podcast 096: Finding Deals, Wholesaling and House Flipping in a Hot Market With Anson Young BiggerPockets Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson BiggerPockets Podcast 232: The Four Lead Sources Nathan Brooks is Using to Flip 120 Houses a Year Podio Books Mentioned in this Show Finding and Funding Great Deals by Anson Young The book on investing with Low or No Money Down by Brandon Turner The Checklist Manifesto by Atul Gawande Rich Dad Poor Dad by Robert Kiyosaki The Obstacle Is the Way by Ryan Holiday Ego Is the Enemy by Ryan Holiday Tweetable Topics: “Step one is always finding out where you want to be for what you want to do.” (Tweet This!) “The more work it takes, the less competition I have.” (Tweet This!) “I don’t trust anyone’s numbers.” (Tweet This!) Connect with AnsonAnson’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

People often toss around the term “passive income” when it comes to owning rental properties. And, in truth, there are ways to make managing tenants passive. But for the majority of investors, being a landlord can be tough. On today’s show, we talk with Ryan Murdock, an investor and property manager from Maine about the lessons he’s learned building up his rental portfolio. Ryan also shares his story of going to the brink of financial ruin with a “no money” deal and how to avoid losing your shirt when doing creative financing.In This Episode We Cover: How Ryan started by reading a book The beauty of house hacking Why he started his own property management company  Tips for dealing with inherited tenants How to find good agents Thoughts on having an agency to “sponsor” you How to know when to quit your job The things he misjudged while buying houses How capital plays a huge role How to accurately estimate costs when fixing properties How many rental units he has Tips for finding properties through the BiggerPockets Marketplace What metrics he uses to decide on a property How he funded his deals What he would do differently if he started again The BRRRR strategy And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Marketplace BiggerPockets Keyword Alerts Books Mentioned in this Show Set for Life by Scott Trench Property Management For Dummies by Grisworld The book on investing with Low or No Money Down by Brandon Turner The E-Myth by Michael Gerber The ONE Thing by Gary Keller and Jay Papasan Tweetable Topics: “Don’t just quit and hope for the best.” (Tweet This!) “Creative investing is not about being broke. It’s just about putting together a deal without your own money.” (Tweet This!) “You either win or you learn.” (Tweet This!) Connect with Ryan Ryan’s BiggerPockets Profile Ryan’s Property Management Website Realty of Maine Learn more about your ad choices. Visit megaphone.fm/adchoices