BiggerPockets Real Estate Podcast

If there is one thing you can know for sure by listening to the BiggerPockets Podcast, it’s this: There are a LOT of ways to invest in real estate! That’s why we’re excited to bring you today’s interview with Noah Kagan, who invests in a different way than most of the guests we’ve had on the show. Noah currently runs several very successful internet businesses (SumoMe and AppSumo) and knew he didn’t want to be a landlord; Noah knows his best return is made in his business. Therefore, he devised his investing strategy around NOT being the landlord. Noah is a wealth of information and one of the most motivating humans we’ve ever met. So sit back and enjoy today’s episode with Noah!In This Episode We Cover: Who Noah Kagan is and how he got into real estate investing What keeps newbies from buying their first investment properties The ROI of other businesses as compared to real estate investing A discussion on the 1% rule Thoughts on whether a commercial property is a good first investment Why you should find experienced real estate investors in your area Tips for growing your capital How Noah finances his deals What you should know about asking other people for money or syndication Why you should stop apologizing for being successful How to grow your network When should you stop learning and start doing The importance of knowing where do you want to be in 5 years Why you should visualize the destination And SO much more! Links from the Show BiggerPockets Forums SumoMe AppSumo BiggerPockets Webinar BiggerPockets Facebook Page RealtyShares PeerStreet Where’s my money? (Blog Post) Noah’s Spreadsheet BP Podcast 204: Flipping 30+ Deals by Age Twenty-Five with Chris Gill BiggerPockets Event Forums Chess Books Mentioned in this Show The Book on Investing with Low or No Money Down by Brandon Turner The Miracle Morning by Hal Elrod The Obstacle Is the Way by Ryan Holiday The Ultimate Sales Machine by Chet Holmes Confessions of a Real Estate Entrepreneur by James Randel Tweetable Topics: “It took me 10 years to actually be ready, not financially but mentally, to make that decision, to make that purchase.” (Tweet This!) “The best deals happen off-market.” (Tweet This!) “I think the trait of a successful person is resourcefulness.” (Tweet This!) “If you want to find someone else to help you, you have to help someone else.” (Tweet This!) Connect with Noah Noah’s BiggerPockets Profile Noah’s Website Noah Kagan’s Present Podcast Noah’s Keynote Speech at Fincon 2016 Learn more about your ad choices. Visit megaphone.fm/adchoices

How much does it cost to buy a large apartment complex? Millions? Think again! On today’s episode of The BiggerPockets Podcast, we’re excited to welcome back Brian Murray to the show. Brian, who was last seen on episode 126, has done some pretty amazing things over the past several years — including purchasing a 115-unit property that cost him nothing out of pocket (and, in fact, he walked out of closing with a massive check!). Whether you are looking to buy one house or a 100-unit property, this podcast will inform, motivate, and inspire you to massive action.In This Episode We Cover: What Brian has been doing since his last episode The definition of “value-add” in real estate Different ways to add value to a property The story of how he turned an old motel into studio apartments How Brian gets his tenants and the kinds of screening he uses Why he focuses on keeping rents low The location of these rentals Why you should consider the “transient work force” Details on how he got this deal A discussion on raising money and working with partners Tips for finding properties How to handle agents and brokers The story of the 115-unit Section 8 apartment complex How a HUD contract crushed him Whether you should consider managing a HUD property or not How Brian sold the property for $3.2 million His advice for aspiring investors And SO much more! Links from the Show BiggerPockets Forums BP Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray How I Bought a 115-Unit Apartment Complex with NO CASH Path to Purchase Loopnet Jay Hinrich’s BiggerPockets Profile Bill Gulley’s BiggerPockets Profile Pioneer Woman Cookbook Books Mentioned in this Show Crushing It in Apartments and Commercial Real Estate by Brian H Murray The Book on Rental Property Investing by Brandon Turner The Obstacle Is the Way by Ryan Holiday Tweetable Topics: “It’s about the journey and I definitely don’t want to feel that I’m lock into something, like some arbitrary number.” (Tweet This!) “You don’t want to take on more debt than you can handle.” (Tweet This!) “If somebody says no, don’t give up. Try somebody else. Keep trying.” (Tweet This!) Connect with Brian Brian’s BiggerPockets Profile Brian’s LinkedIn Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

What’s the best way to invest in real estate when the numbers don’t make sense in your backyard? Today on the BiggerPockets Podcast, we sit down with Bob Malecki, a real estate investor who started by purchasing local rental properties but quickly shifted gears into two other niches: out of state rentals and mortgage notes. In this episode, Bob explains why he chose to make the switch and walks listeners through the step-by-step process for getting started investing outside your backyard!In This Episode We Cover: How Bob got started in real estate What a ROTH IRA is What to do when you’ve got a chunk of money to invest How to choose the right turnkey company Thoughts on using leverage to acquire properties Why he decided to transition to notes What exactly non-performing notes are A discussion on notes vs. rentals The risks of investing in notes What you should know about due diligence Where to find notes to invest in The value of building relationships What the future looks like for Bob And SO much more! Links from the Show BiggerPockets Forums Sunwest Trust Inc. Notes funds for individual investors. What are the best players? (Forum Post) Tax, Legal Issues, Contracts, Self-Directed IRA (Forum Category) MemphiesInvest RealtyTrac WeGoLook Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki Equity Happens by by Robert Helms & Russell Gray The Magic of Thinking Big by David J. Schwartz Secrets of the Millionaire Mind by T. Harv Eker Tweetable Topics: “Nothing in the world is guaranteed.” (Tweet This!) “Assume nothing and document everything.” (Tweet This!) “If you don’t take actions, you can’t take a risk and you won’t make mistakes. Mistakes are necessary.” (Tweet This!) Connect with Bob Bob’s BiggerPockets Profile Bob’s Website Email Bob Learn more about your ad choices. Visit megaphone.fm/adchoices

Can a single real estate deal change your life? Definitely! That’s the topic on today’s “newbie episode” of the BiggerPockets Podcast, where we sit down for several interviews with real estate investors who have just purchased their first deal. In the first interview, you’ll hear how Sunny and SunMarie Burnsused a fantastic “house hack” to invest in an extremely high-priced area. In the second interview, you’ll hear how Sam Valme was able to house-hack his home into a vacation rental that throws off massive cash flow each month. These stories are incredibly inspiring and full of tips that can help new AND experienced investors achieve more in their business!In This Episode We Cover:Sunny and SunMarie’s Segment: How Sunny got hooked to the podcast Why you should consider buying a fourplex as a first property How to find these deals Thoughts on the competitiveness of the real estate market How to use house hacking to earn extra cash Why you should always look out for holding costs How real estate helped Sunny and his family Sam’s Segment: How his mom unknowingly gave him a ticket to real estate investing How he turned the basement into a rental unit Tips for making the financing work on a deal like this Why he used an FHA 203K for financing The benefits of using Airbnb to rent your property How to price Airbnb rentals the right way How to use electronic locks and automate the process His worst tenant experience ever And SO much more! Links from the Show BiggerPockets Member’s Blogs WellsFargo BiggerPockets Forums Schlage Door Locks BiggerPockets Webinar BiggerPockets Analysis Ultimate Beginner’s Guide to Real Estate Investing Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki The ABCs of Real Estate Investing by Ken McElroy The Millionaire Real Estate Investor by Gary Keller The E-Myth Revisited by Michael E. Gerber Outwitting the Devil by Napoleon Hill The ONE Thing by Gary Keller and Jay Papasan The Book on Managing Rental Properties by Brandon and Heather Turner Tweetable Topics: “House hack and get your tenants to pay your rent, mortgage, and taxes.” (Tweet This!) “Hard work just isn’t enough. You need to figure out the why.” (Tweet This!) “Imagine your perfect day and then, work backwards from there.” (Tweet This!) “It’s better to fail 50 times trying to figure out what you want to do than to sit back for an entire year thinking about it.” (Tweet This!) Connect with Sunny Sunny’s BiggerPockets Profile Sunny’s Website Connect with Sam Sam’s BiggerPockets Profile Sam’s Website Facebook Profile Twitter Profile Instagram LinkedIn Customer Results Property Management Learn more about your ad choices. Visit megaphone.fm/adchoices

Is small thinking holding you back? Not after this episode! Today on the BiggerPockets Podcast, Josh and Brandon talk with Kevin Carroll, a real estate investor who decided 18 months ago that he wanted to start flipping houses… and has done 83 flips in the past year and a half! Perhaps most impressively, Kevin did most of these flips out of state utilizing strategic partnerships — a strategy that just might change the way you think about real estate forever. Sit back and prepare to have your mindset expanded and let “big thinking” take over.In This Episode We Cover: How Kevin went from a straw-built house to flipping 1,000 houses What a bank-owned product is How he built a system that works What you should know about probates How to think like an investor instead of an agent Things that could screw up a deal The two components that make a deal successful Why you should consider holding costs Buying properties offsite Insight on quality control and scaling the business How to stay ahead of the flip Why he partners with real estate agents Why his partners need him His favorite deals and why The bad deals he’s encountered Thinking big when it comes to setting targets Who your friends are so important And SO much more! Links from the Show Path to Purchase (visit your dashboard) BiggerPockets Forums Gobundance Books Mentioned in this Show The Real Book of Real Estate by Robert Kiyosaki The Millionaire Real Estate Agent by Gary Keller The Millionaire Real Estate Investor by Gary Keller The E-Myth Revisited by Michael E. Gerber MONEY Master the Game by Tony Robbins A Journey to Financial Independence by Kevin Carroll Tweetable Topics: “Everything is based on relationships.” (Tweet This!) “I’d rather spend $2,000 more and get the flip done a week sooner.” (Tweet This!) “One of the important things you can do for a contractor is to pay them immediately.” (Tweet This!) “Who you hang out with will dictate your level of income, your level of success.” (Tweet This!) Connect with Kevin Kevin’s BiggerPockets Profile Kevin’s Website (with his spreadsheet) Learn more about your ad choices. Visit megaphone.fm/adchoices

Meet Jack Baczek, a real estate investor who bought 41 units on his first deal! He shares his journey, the transition to mobile home park investing, and the benefits of this niche. Jack discusses the downsides, scaling his business, and his direct mail marketing strategy. A must-listen for aspiring investors!

Real estate investors wear a lot of hats, especially in the beginning: contractor, bookkeeper, receptionist, and more. But if you truly want to grow your business, you must do LESS. At least, that’s the message you’ll hear today on The BiggerPockets Podcast, where Josh and Brandon sit down with real estate investor Devin Elder about how he’s been able to scale his business by doing fewer and fewer tasks. You’ll learn how he went from a single family rental in 2012 to buying multiple properties each month. We cover the topic of BRRRR investing, fix and flipping, using private lenders, getting started with no money, and lots more. Stay tuned for this powerful episode!In This Episode We Cover: How Devin got started into real estate How he got a mentor to help him get his first deal What exactly equity capture is Why the BRRRR strategy is so nice Thoughts on his market, San Antonio Devin’s main focus as a real estate investor How his business works The importance of creating systems and not doing things you don’t enjoy Why you shouldn’t reinvent the wheel  How he decides if he flips, holds, or wholesales a property How he finds his deals How to figure out if someone is fudging the numbers The mechanics of his marketing The story of a deal that went wrong What makes him proud about how he does business The name that comes to mind if he heard the word “inspiration“ What the future looks like for Devin And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast Buildium Investor Carrot Tim Ferriss’ Podcast Books Mentioned in this Show The Book on Rental Property Investing  by Brandon Turner The Book on Flipping Houses by J. Scott Investing with No or Low Money Down by Brandon Turner The Book on Tax Strategies by Amanda Han 80/20 Sales and Marketing by Perry Marshall Rich Dad Poor Dad by Robert Kiyosaki The Millionaire Real Estate Investor by Gary Keller Elon Musk by Ashlee Vance Tweetable Topics: “Rental income wasn’t making me wealthy, but it was paying my bills.” (Tweet This!) “It’s about creating systems, getting software, and not spending time on activities that you don’t enjoy.” (Tweet This!) “Nothing happens without some revenue.” (Tweet This!) “Use your hustle to create some kind of value and then from there take the next best step.” (Tweet This!) Connect with Devin Devin’s BiggerPockets Profile Devin’s Website Devin’s Company Website – We buy houses San Antonio Learn more about your ad choices. Visit megaphone.fm/adchoices

Two years ago, Joe England was just a full-time military guy, dreaming about financial freedom. Now, he’s done over 20 deals and is taking massive action to create an incredible future for himself. On this episode of the BiggerPockets Podcast, we dive deep into Joe’s story and learn how taking massive action has helped him build his portfolio — despite being deployed overseas the majority of the time.In This Episode We Cover: How Joe learned about real estate from infomercials and BiggerPockets Why he needs power of attorney Important books he’s read How he started investing while still deployed in Iraq How he landed 22 properties in just 10 months What exactly a rent-ready property is What kind of properties he invests in How he finances these deals Joe’s end goal and his “why” The state of the real estate market in Baltimore How to NOT be a slumlord How he manages his properties His experiences with bad property managers How to find properties on the MLS and Zillow The strategy of putting an offer on everything he sees His advice for the military And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat BiggerPockets Bookstore Zillow Landlords: 8 Tips for Hiring the Best Property Manager (blog) Investing in American Real Estate While Serving in the US Military (blog) BiggerPockets Analysis Advertise with BiggerPockets BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich Books Mentioned in this Show BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing The Book on Rental Property Investing  by Brandon Turner The Book on Flipping Houses by J. Scott Investing with No or Low Money Down by Brandon Turner The 10X Rule by Grant Cardone Ego Is the Enemy by Ryan Holiday The One Thing by Gary Keller Tweetable Topics: “When doing an offer, if you are not embarrassed by your offer, it’s too high.” (Tweet This!) “Real estate is kinda like an accidental pregnancy. At the end of the day, you’ll figure it out.” (Tweet This!) “You can measure success by creating new problems.” (Tweet This!) Connect with Joseph Joseph’s BiggerPockets Profile Email Joseph Learn more about your ad choices. Visit megaphone.fm/adchoices

How does one transition from doing simple houses to more complex deals? That’s the topic on today’s episode of the BiggerPockets Podcast, where we sit down once again with Jered Sturm, a real estate investor from the Midwest who’s made the transition from doing all his own work on single family houses to purchasing larger properties. In this episode, we dig in deep on the purchase of his newest 42-unit apartment complex and the unique “value-add” ideas he discovered that made this property a home run!In This Episode We Cover: A quick recap on how Jered got started in this game What market is he in and how it changed over the last couple of years Why he moved his investing from Cincinnati to Atlanta How he uses partnerships to manage different markets Tips for funding using other people’s money The goal that led to using syndication Self-fulfillment rather than just buying more The importance of figuring out your “why“ How he has the discipline to not spend their quadrupled income Why you should separate out the “business income” How he found his 42-unit apartment complex Tips on managing cold calling  What criteria was he looking for The advantages of having dedicated water lines for the units The beauty of adding value to properties What exactly a resident manager is Why building structures made the difference in their business How he financed this multifamily deal Using the BRRRR strategy on large multifamily And SO much more! Links from the Show BP Podcast 124: Building a Real Estate Empire At a Young Age with Jered Sturm BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast What Sets Apart Successful Real Estate Investors From Those Who Fail, Quit, or Never Get Started? (blog) BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat Buildium BiggerPockets Bookstore Books Mentioned in this Show The Book on Rental Property Investing  by Brandon Turner The Book on Managing Rental Properties by Brandon Turner and Heather Turner Traction by Gino Wickman E-Myth Revisited by Michael E. Gerber Tweetable Topics: “Self fulfillment is how can you be the best you can be while also helping others be the best they can be.” (Tweet This!) “We’ve over prepared for the future, and even though we’re still pretty small, we’re running like a large company.” (Tweet This!) “Management makes or break the investment.” (Tweet This!) Connect with Jered Jered’s BiggerPockets Profile Jered’s BiggerPockets Author Profile Jered’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast, you’ll hear from Chris Gill, a real estate investor in the San Antonio market who has only been investing for three years but has already done over 30 deals — mostly fix and flips. On this episode, we walk through Chris’s unique journey, including his initial four-plex rental property and his path toward flipping “the worst houses in the area.” And don’t miss Chris’s fantastic tip for finding deals that no one on the BiggerPockets Podcast has mentioned yet!In This Episode We Cover: How he transitioned from film to real estate Whether or not you should get your real estate license What Chris’s first deal looked like The things he wished he knew before he started investing Why properly screening tenants is vital Tips for creating a great team How he manages his properties How he does his bookkeeping Tips for transitioning to house flipping His criteria for finding deals How he estimates his rehabs Tips for evaluating a house to rehab How he funds his deals What he’s doing on the development side of real estate What’s unique about the San Antonio market How to find the sweet spot between too much and too little improvement What his end game looks like And SO much more! Links from the Show Trello BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast Books Mentioned in this Show Rich Dad’s Advisors: The Advanced Guide to Real Estate Investing by Ken McElroy Rich Dad Poor Dad by Robert Kiyosaki The Book on Flipping Houses by J. Scott The Everything Store: Jeff Bezos and the Age of Amazon By Brad Stone The Snowball: Warren Buffett and the Business of Life by Alice Schroeder Tweetable Topics: “If you want scalability, if you want to go anywhere else, you have to find something that allows you that.” (Tweet This!) “Just because you’re not good at something does not mean it’s not important.” (Tweet This!) “Be aware of overanalyzing stuff because that will happen forever if you allow it.” (Tweet This!) “Becoming comfortable with the unknown is huge, and I think in real estate that’s absolutely the case.” (Tweet This!) Connect with Chris Chris’s BiggerPockets Profile Chris’s Facebook Page Chris’s Instagram Profile Chris’s Twitter Profile Chris’s Youtube Channel Snapchat: ChrisFGill Chris’s message to BP community Learn more about your ad choices. Visit megaphone.fm/adchoices