BiggerPockets Real Estate Podcast

When learning how to invest in real estate successfully, most people struggle finding four things: mentors, contractors, deals, and funding. That’s why today we’re excited to bring back Matt and Liz Faircloth onto The BiggerPockets Podcast to talk about how they find each of these! Matt and Liz (who were on episode 88) join us today as we dive deep into solving many of the problems that new investors struggle with. They also share the difficult story of how they recently shut down a major arm of their business and why it was the best move for them. Finally, Matt and Liz delve into the recent purchase of their 49-unit apartment building, offering some unique tips that will help you find and fund your next big deal!In This Episode We Cover: A recap of who Matt and Liz are Why they purchase a combination of flips and rentals What their “why” for investing in real estate is How many deals they look at A discussion on paying someone by the hour vs. by the job The do’s and don’ts of finding partners through BP How to “scale back“ How to find good, quality contractors Tips for dealing with bad contractors How they got into rental units The details of their 49-unit apartment complex How they were able to finance a $3.4 million deal A tip for finding property managers Why they give away flat screen TVs each year to their tenants And SO much more! Links from the Show BP Podcast 129: Live-in Flips, Frugality, and Finance with Mindy Jensen BP Podcast 088: Investing with Your Spouse, Managing Financials, and Growing Your Team with Matt and Liz Faircloth Cashflow Board Game BiggerPockets Forums Brandon’s Contractor Bid Form (file) BiggerPockets Webinar BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone 3 Lessons I Learned by Closing on a 49-Unit Apartment Building (article) Property Manager Checklist: 7 Vital Tasks to Keep Tenants Happy & Paying (article) AppFolio RentManager My First Flip & Fix: Termites, Hauntings & A Foundation of Dirt (article) Books Mentioned in this Show The 4-Hour Workweek by Timothy Ferriss Rich Dad Poor Dad by Robert Kiyosaki The Book on Flipping Houses by J. Scott The 10x Rule by Grant Cardone Rich Dad’s Advisors: OPM by Michael A. Lechter & Robert Kiyosaki Down To Earth Landlording by Donald Beck Scaling Up by Verne Harnish As a Man Thinketh by James Allen Tweetable Topics: “You’ve got to have a really solid ‘why.’” (Tweet This!) “Sometimes you need to step back and ask yourself, ‘What am I really good at?'” (Tweet This!) “If you got a good horse, keep running with it.” (Tweet This!) “What you think is who you are.” (Tweet This!) Connect with Matt & Liz Matt’s BiggerPockets Profile Liz’ BiggerPockets Profile Matt & Liz’ Company Website Landlord Chronicles Youtube Channel Learn more about your ad choices. Visit megaphone.fm/adchoices

Most people dream of getting out of the “rat race,” quitting their day job, and living on passive income sources. However, usually that’s just wishful thinking. But today, we’re excited to introduce you to a real estate investor who did just that using rental properties, and he explains just how he did it. You’ll learn how our guest, Mark Walker, used single family houses at first to begin building his portfolio, and how his passive income really took off when he switched to multifamily. And you’ll love the in-depth discussion on exactly how he acquired his 64-unit apartment building!In This Episode We Cover: How Mark got started with a duplex that yielded a 36.5% cash on cash return Tips for shifting from developments to rentals Why he doesn’t want anything to do with property management Why it’s a matter of finding the right financing The basics to know about amortization and cash and cash return How to partner with the right people along the way How he finances his deals How he structures his partnerships The difference between conventional and commercial loans How he ended up partnering on a deal with a property manager How he knew that it was the right time to quit his job Tips on job shadowing someone with great experience Details on his 64-unit deal What you should know about syndication How much time he is spending on his business And SO much more! Links from the Show BiggerPockets Bookstore (Black Friday Sale!) Mindy Jensen’s BP Profile  Mr Money Moustache BP Podcast 201: Flipping 100+ “Zombie” Houses with Justin Stamper BiggerPockets Webinar Quickbooks Dancing with the Stars Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Best Real Estate Investing Advice Ever by Joe Fairless Tweetable Topics: “I’m the guy who likes to say yes. I don’t like saying no. I let somebody else do that for me.” (Tweet This!) “It’s been a pleasant surprise for a multifamily owner. Once you get that property stabilized, it can go to autopilot.” (Tweet This!) “Never stop learning. Learning leads to action, and action leads to success.” (Tweet This!) “Do your first deal and learn from it. Ask yourself what’s working, what’s not working, and what can improve.” (Tweet This!) Connect with Mark Mark’s BiggerPockets Profile Mark’s Company Website Free gift for BiggerPockets’ listeners Learn more about your ad choices. Visit megaphone.fm/adchoices

Dead “zombie” houses are everywhere — just waiting for you to bring them back to life if you are willing to take the risk! That’s the story we dive deep into today on the BiggerPockets Podcast when we sit down with reality TV star Justin Stamper, a real estate investor from the Orlando, FL market who has a fascinating and inspiring story of rising up from near financial ruin to become one of the most prolific investors in his market. You’ll learn how his “punk rock” attitude has given him a unique perspective on his investing and how he has been able to flip over 100 “zombie” homes (and wholesale over 200 other deals!) in the past several years. After listening to this show, you’ll be inspired, motivated, and educated enough to tackle your next zombie house!In This Episode We Cover: What is “zombie” house flipping and how does Justin do it? The merits of buying really gross dilapidated properties How Justin got into real estate Why he starting by buying at auction What motivated him to start in real estate despite having lost a house How the recession affected families, especially in Orlando How Justin renovates one to two houses a week via the courthouse How to use a hedge fund to get a line of credit A unique strategy to help people regain their houses How to grow by helping people Details on buying via auctions Things to take note of before buying an auctioned property How many renovations has he done What it is like buying a “suicide house“ The properties that he doesn’t renovate How he’s finding deals in his market And SO much more! Links from the Show BiggerPockets’ Youtube Channel (don”t forget to subscribe!) BiggerPockets Videos Ken Corsini’s Show ‘Flipping the South’ Ken Corsini’s BP Profile BP Podcast 089: From High School Dropout to 300+ Real Estate Deals with Engelo Rumora Books Mentioned in this Show The Book on Flipping Houses by J. Scott The Book on Investing with Low or No Money Down by Brandon Turner Tweetable Topics: “Now it’s time to fight the good fight.” (Tweet This!) “If you want the deals, you got to hustle.” (Tweet This!) “America rewards the persistent.” (Tweet This!) Connect with Justin Justin’s BiggerPockets Profile Zombie House Flipping Highest and Best Clothing Justin’s Company Profile Justin’s Personal Website Justin’s Twitter Handle Learn more about your ad choices. Visit megaphone.fm/adchoices

A special 200th episode of the BiggerPockets Real Estate Podcast provides a step-by-step guide to buying your first real estate investment. It covers topics like commitment, choosing a niche and strategy, determining cash flow and criteria, expanding your financial toolbox, building a core team, analyzing rehab costs, making offers and managing due diligence, and using BiggerPockets as a resource for managing rental properties. The hosts review the 20 steps discussed in the episode and encourage community engagement.

Real estate investing is no longer just for older generations! Today on the BiggerPockets Podcast, we sit down with Houssein Al-Eidan, an accountant from the St Louis area who has purchased 25 rental units — and he’s just turning 25 years old this month! You’ll hear Houssein’s unique strategy of buying lower-price properties (many from auctions) and using a variety of strategies to increase his returns (including AirBnB and even leaving some properties vacant!). This show is bound to leave you inspired to expand your own real estate portfolio — no matter what age you are.In This Episode We Cover: How Houssein found BiggerPockets How he relocated from Kuwait to St. Louis (and why) How he discovered real estate through TV shows What his first deal was like How he dealt with a complicated foreclosed property with an existing tenant The total number of deals he’ve done so far in the past year How his numbers look for his condo units What his game plan is after buying so much property How he funds these properties through seller financing The importance of understanding the seller’s motivation Tips on Airbnb properties How be built a team for delegation A word of caution in this type of investing And SO much more! Links from the Show Scott’s Twitter Account BiggerPockets Jobs Flip or Flop BiggerPockets Podcast on Youtube Auction.com Zillow Books Mentioned in this Show The Book on Investing with Low or No Money Down by Brandon Turner The Effortless Empire by Chris Gray How to Win Friends & Influence People by Dale Carnegie Tweetable Topics: “The first purchase may not be always be the best.” (Tweet This!) “Once you understand the seller’s motivation, from there you can customize a plan.” (Tweet This!) Connect with HousseinHoussein’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

How many rental units does it take to achieve “financial freedom?” Maybe not as many as you think! That’s the topic on today’s episode, where Josh and Brandon sit down to talk with Eric Bowlin, a real estate investor who achieved financial freedom at the age of 30, largely using the “BRRRR” strategy to finance his deals. Eric owns fewer than 30 units but was able to “retire” off the cash flow — and today, you’ll learn just how he did it (and how you can do the same). You’ll also love his tips on how to find great deals on the MLS and how to manage your properties — even if you don’t live close by. Be sure to take some notes on this one — you are going to need them!In This Episode We Cover: How Eric started accidentally in real estate His epiphany moment! What it’s like earning overseas Things that cost him money on his early flips A note on dealing with contractors Why every market is unique How he put together his team Tips for finding contractors How many units he has now How to systematize your business Using the BRRRR strategy How he finds his deals How to tell if a property has tenant problems His best deal ever His most recent multifamily property And SO much more! Links from the Show BRRRR Strategy BiggerPockets Webinar BiggerPockets Blogs 4 Reasons You’ll Never Find a Good Contractor (Insight From an Investor/Contractor) (blog) BiggerPockets Pro Replay BiggerPockets Pro BiggerPockets Forums Ultimate Beginner’s Guide to Real Estate Investing Josh’s Twitter Account Brandon’s Twitter Account BP Podcast 007: Making Appraisals Work For You with Ryan Lundquist Books Mentioned in this Show Rich Dad, Poor Dad by Robert Kiyosaki The Successful Landlord by Maribeth Perry The Psychology of Selling by Brian Tracy Tweetable Topics: “I just realized, I wanted people coming to me to pay me versus me trying to get money for somebody else.” (Tweet This!) “I didn’t know about financial independence when I first got started.” (Tweet This!) “A person only earns plus or minus 10% of what they think they’re worth.” (Tweet This!) Connect with Eric Eric’s BiggerPockets Profile Eric’s Twitter Profile Eric’s Website Eric’s BiggerPockets Author Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Get ready to be inspired, amazed, and blown away with today’s BiggerPockets episode! Today on the show we’re sitting down with Chris Heeren, a real estate investor from Wisconsin who’s absolutely crushing it with his rental property investing. In just the past three years, Chris has built a massive portfolio of houses and small multifamily properties — and he did it with just over $10,000 to start AND while working full-time. Packed with tips, stories, and incredible advice, this show will completely revolutionize the way you run your real estate business forever and prove — once and for all — that anyone can succeed no matter their situation. Listen up!In This Episode We Cover: Who exactly Chris is How be obtained 52 units in 3 years The story behind his first duplex Tips for using the BRRRR strategy How he found ways to fund his deals The process he used to create teams to help his investing Quick tips for being persistent How to counter-offer How he finds and offers on deals via the MLS Advice for buying properties while working a full-time job His average purchase price How he uses direct mail marketing How to find great property managers Chris’s $8,000 mistake What the next 6 months look like for him And SO much more! Links from the Show Want to be a Podcast guest? BRRRR Strategy BiggerPockets Webinar BiggerPockets Blogs How to Create Your Own Handwritten Font For Free (For Direct Mail Marketing) (blog) BiggerPockets Portfolio BP Podcast 117: Maximizing Productivity to Get Things Done with David Allen BP Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber BiggerPockets Analysis Tools Books Mentioned in this Show Rich Dad, Poor Dad by Robert Kiyosaki Landlording on Auto-Pilot by Mike Butler The E-Myth Revisited by Michael E. Gerber Getting Things Done by David Allen Tweetable Topics: “There’s always a way. You just have to be determined, be motivated, and not give up.” (Tweet This!) “I’d rather have half of the deals out there than none of the deals because I didn’t start.” (Tweet This!) “If you don’t learn from your mistakes, you’ll never grow in the future.” (Tweet This!) Connect with ChrisChris’ BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

What has five letters but causes so much fear that millions of wannabe investors never get started? That’s right: TAXES. But taxes don’t need to be scary — and understanding and utilizing the tax system can actually help grow your business and help you build incredible wealth. That’s why we’re excited today to sit down with Brandon Hall, a CPA and real estate investor who works exclusively with real estate investors to help them strategize and organize their business in the most cost-saving way possible. We cover Brandon’s real estate journey, including house hacking, LLCs, S-Corps, bookkeeping, and so much more. You’ll love Brandon’s engaging and entertaining personality, and for once in your life, you might even enjoy learning about taxes!In This Episode We Cover: How Brandon realized the need for a CPA through the BP community How he grew his firm through the BiggerPockets Forums The importance of giving value to others The details on his three-unit property Tips for hiring a “leverage property manager” How to find investors in your community The details on his second triplex Why he focuses on multifamily How he funds his deals through FHA loans The way he looks at PMI A mistake he is guilty of when it comes to inherited tenants Training your tenants and other management hacks The tax benefits of house hacking Mistakes he’s made in his real estate investing Tips for finding a good CPA Advice for those deciding whether to use an LLC or not What you should know about LLCs Things to know about the “real estate professional” tax designation When to hire a bookkeeper Common mistakes investors make with taxes And SO much more! Links from the Show BiggerPockets Meet BiggerPockets Webinar BiggerPockets Forums (with new leader feature) BiggerPockets Bookstore BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat Xero Quickbooks The Tax Implications You MUST Understand Before House Hacking (blog) Looking to Invest Out-of-State? Here’s How to Pick and Analyze a City (blog) The Importance of Reserve Accounts (Or What a Surprise Roof Replacement Taught Me) (blog) BP Podcast 004: Commercial Real Estate Investing With Frank Gallinelli BP Podcast 162: How to Pay Less to the IRS with Amanda Han, CPA BP Podcast 005: Dealing with Death – A Financial Discussion with CFP Neal Frankle Books Mentioned in this Show The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland The Book on Managing Rental Properties by Brandon and Heather Turner What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli It’s Not Rocket Science by Dave Anderson Tweetable Topics: “Don’t try to sell yourself. Let your content sell yourself.” (Tweet This!) “You as the business owner should not be in the bookkeeping.” (Tweet This!) “The ongoing tax strategy throughout the year, that’s the time to save money.” (Tweet This!) Connect with Brandon Brandon’s BiggerPockets Profile Brandon’s Company Website Brandon’s LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investor Rudy Curtler shares his creative financing strategies for building a portfolio of college rentals and mobile home parks. He discusses benefits of investing in mobile home parks, tips for renting RV pads, and the advantages of working with a trustworthy partner in real estate deals.

Is your ultimate goal to increase the spreads of your investments to the point where you can comfortably quit your job? Tune in for a conversation withJustin Silverio, an investor who successfully made the switch to full-time real estate entrepreneur and who is now focusing on the niche of higher-end rehabs. For tips on deal evaluation, how to find contractors for your particular project, and direct mail strategies, don’t miss this inspiring episode of the BiggerPockets Podcast!In This Episode We Cover: Recap on last time Justin was a guest Why he was afraid to close that first deal Why he shifted to higher-end rehabs Market dips — and how he proactively takes advantage of them What key metrics he looks at when evaluating a deal The profit spreads Justin looks for Tips for finding contractors from lower end to higher end How many deals he does now How much he makes on each wholesale deal Tips for creating criteria for prospective properties How Justin does driving for dollars His hoarder house story What you should know about zoning restrictions that affect rebuiling a house How to track a direct mail list His experience quitting his job His most exciting deals And SO much more! Links from the Show BP Podcast 186: How to Get Your First Few Properties — Even in a Competitive Market with Dave Meyer BiggerPockets Webinar BP Podcast 058: Flipping and Wholesaling Homes While Working Full Time with Justin Silverio BiggerPockets Facebook Profile BiggerPockets Forums Dave’s Twitter Account Brandon’s Twitter Account Books Mentioned in this Show The Millionaire Real Estate Investor by Gary Keller Rich Dad Poor Dad by Robert Kiyosaki The New One Minute Manager by Ken Blanchard Tweetable Topics: “When you go to a higher price point, the ability to create a larger profit is just much greater.” (Tweet This!) “If there’s a deal, you will find the money.” (Tweet This!) “It’s really difficult when you start, but after you get through the first couple deals, it gets easier.” (Tweet This!) Connect with Justin Justin’s BiggerPockets Profile Open Letter Marketing Email Justin Learn more about your ad choices. Visit megaphone.fm/adchoices