BiggerPockets Real Estate Podcast

Everyone knows rental properties can be a great way to build wealth and cash flow. Yet so few people ever take the steps needed to build their portfolio. That’s why we’re excited for you to listen to this week’s episode of The BiggerPockets Podcast! On this show, we sit down with Steve Garner, a North Carolina investor who currently is building and managing a rental portfolio while working a full-time job he loves. You’ll learn several creative methods for finding deals that have worked great for Steve, as well as some of his clever tricks for managing tenants with minimal work!In This Episode We Cover: How Steve got started in real estate How to build courage to get started investing Details on his first deal Why Brandon and Steve love tenant-proofing their properties What “REO” means What REIA is How he landed his second property using Homepath Tips for looking at cash on cash return How many deals has Steve done so far How he finds deals How he handles CapEx How to puts money aside for CapEx Steve’s 10-unit townhomes How he finances his properties Thoughts on managing properties Why he’s very particular when a tenant’s about to leave What his full-time job is The importance of screening and having standards for tenants And SO much more! Links from the Show Denver Startup Week BiggerPockets Jobs Carlton Sheets Cassettes BiggerPockets Webinar BiggerPockets Events BP Podcast 004: Commercial Real Estate Investing With Frank Gallinelli BP Podcast 186: How to Get Your First Few Properties — Even in a Competitive Market with Dave Meyer BiggerPockets Forums Books Mentioned in this Show The Book on Investing with No or Low Money Down by Brandon Turner The Book on Rental Property Investing and The Book on Managing Rental by Brandon Turner and Heather Turner The Millionaire Real Estate Investor by Gary Keller Rich Dad Poor Dad by Robert Kiyosaki Landlording on Auto-Pilot by Mike Butler The Success Journey by John C. Maxwell The Richest Man in Babylon by George S. Clason How to Win Friends & Influence People by Dale Carnegie Tweetable Topics: “I am a long-term buy and hold investor so I try to rent-proof my properties.” (Tweet This!) “The time to get credit is when you don’t need it.” (Tweet This!) “There’s so many good tenants out there that you want to make sure you find that good tenant.” (Tweet This!) “Beyond being a continual learner is taking action.” (Tweet This!) Connect with SteveSteve’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

“I can’t invest in real estate — everything is too expensive” is a common statement used by newbie real estate investors across the world. But is it true? Today on the BiggerPockets Podcast, we’re excited to dig in on the topic with Russell Brazil, an investor from the DC area who has a unique perspective on the wealth-building power of appreciation (AND cash flow!).In This Episode We Cover: How Russell got started in real estate Where he invest (and the prices in that location) Why you should fix your personal finances first Where to cut expenses The snowball effect that happens when you’re not living on the cashflow How the numbers look on his first properties What CapEx is (and other expenses you should be aware of) How many rental properties he has today How he broke even with some of his properties A discussion about appreciation Thoughts on investing in condo units Why he’s planning to invest in residential complexes Why he doesn’t do much flipping anymore How to find investors and partners Advice for new investors Tips for taking advantage of low interest rates And SO much more! Links from the Show BiggerPockets Youtube Channel BiggerPockets Webinar BiggerPockets Bookstore The Simple Action No One Does That Will Make You A Millionaire (blog) BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich BiggerPockets Forums Books Mentioned in this Show The Book on Investing with No or Low Money Down by Brandon Turner The 4-Hour Workweek by Timothy Ferriss The Big Short by Michael Lewis One Up On Wall Street by Peter Lynch Tweetable Topics: “If you want it bad enough, you’ll figure out how to save money.” (Tweet This!) “Cash flow is how I pay my bills, while appreciation is how I build wealth.” (Tweet This!) “Debt is good. I love debt.” (Tweet This!) “The best way we can mitigate risk and make money is by having market knowledge.” (Tweet This!) “Real estate is a ‘relationships’ business.” (Tweet This!) Connect with Russell Russell’s BiggerPockets Profile Russell’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast, we’re excited to introduce you to a man who didn’t start investing until later in life but has built an impressive portfolio in the past few years. Even more, he bought his rentals thousands of miles away from where he lives! You’ll learn the inspiring tale of our guest, Bill Manassero, and how he went from running an orphanage in Haiti to buying rental properties and the challenges that transition caused. You’ll also be inspired by Bill’s heart and his real purpose for creating wealth through real estate. You are going to love this powerful episode, and it just might change why you invest in real estate! (And don’t miss Bill’s story of how his family appeared on Oprah!)In This Episode We Cover: Who Bill is (and why he’s hung out with Oprah) Why he built an orphanage How his plans transitioned to real estate Thoughts on investing while nearing retirement The risk profiles for various ages How he focuses on family and not just the money How to reach your freedom number How he and his family got onto Oprah What exactly a turnkey property is — and Bill’s turnkey story A few red flags when it comes to turnkeys His goal of reaching 1,000 units How he finds properties The struggles of reaching his goal, from finding funds to working with the right people How he maintains the property And SO much more! Links from the Show BiggerPockets Videos BiggerPockets Webinar Child Hope International BP Podcast 115: Getting Started with Apartment Complex Investing with Jeff Greenberg BP Podcast 151: Finding Your “Freedom Number” with Clayton Morris Desperate for Tenants in Memphis [Forum Post] BP Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban BiggerPockets Forums Loopnet BiggerPockets Calculators TEDx Talk by Robert Kiyosaki [Video] 021: Buying Properties with Little or No Money Down with Brandon Turner[Podcast] Books Mentioned in this Show The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets The ABCs of Real Estate Investing by Ken McElroy The Book on Investing with No or Low Money Down by Brandon Turner Rich Dad Poor Dad by Robert Kiyosaki The 4-Hour Workweek by Timothy Ferriss Tweetable Topics: “I got tired of working for these other folks, so I decided to become an entrepreneur.” (Tweet This!) “I want to be able to go where I need to go.” (Tweet This!) “You gotta get in there and get your hands dirty, and that’s where the learning really starts.” (Tweet This!) Connect with Bill Bill’s BiggerPockets Profile Bill’s Company Website Old Dawg’s Podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you building vertical or horizontal income in your life? If you aren’t sure, don’t miss this exceptionally important episode of the BiggerPockets Podcast, where we talk with Pat Hiban about creating multiple streams of passive income. Pat, who is a New York Times bestselling author, shares his real estate journey with us today, starting from a humble “house hack” to participating in multi-million dollar apartment complex purchases. You’ll also learn why (and how) Pat has 61 different sources of “horizontal” income streams and the best ways to begin building your own. Don’t miss a second of this incredible show.In This Episode We Cover: Pat’s thoughts on being a real estate agent for 28 years Why many real estate agents don’t invest How he obtained his first property by house hacking The story of an illegal alien investor What Section 8 rentals are and why he invest in them The pros and cons of Section 8 tenants How he makes money through college rentals How he manages his properties How to make a property college-proof What exactly a “come bet” is Why he looks for track record before investing with someone A discussion on horizontal streams of income And SO much more! Links from the Show BiggerPockets Videos BP Podcast 188: Using 20+ Years of Studying Market Cycles to Buy Low & Sell High with David Gudmundsen BiggerPockets Webinar GoSection8 BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager BP Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman BiggerPockets Forums GoBundance Books Mentioned in this Show Retire Young Retire Rich by Robert Kiyosaki The Surrender Experiment by Michael A. Singer 6 Steps to 7 Figures by Pat Hiban Tweetable Topics: “My biggest regret is not buying a house a year.” (Tweet This!) “On Section 8, I buy where if they find out that I’ll put a Section 8 in there, they’ll be upset.” (Tweet This!) “Create bucket list moments and get the most out of life.” (Tweet This!) Connect with Pat Pat’s BiggerPockets Profile Pat’s Company Website Pat’s Podcast VPACQ Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you looking to ultimately work less, travel more, and life proactively rather than reactively? The key to this life is found in systems. And on today’s episode of the BiggerPockets Podcast, we are excited to introduce you to a guest who’s a master at building systems in his business. Tarl Yarber, an investor in the Pacific Northwest, shares his story of beginning with no money, making $100,000 on a single wholesale deal, and ultimately turning his love for real estate into a profitable business that has done 500 deals. This powerful show is sure to transform the way you run your business forever. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is the real estate market about to collapse? Do we have 10 more years? What’s the future hold? While no one can definitively answer these questions, today’s guest has some keen insight into timing the market, allowing you to “buy low and sell high.” Today, we’re excited to introduce you to David Gudmundsen, an investor who’s been in the game more than 20 years and who’s seen numerous peaks and valleys — and who has learned how to ride the wave. With more than 250 deals under his belt, David is an incredible resource for anyone looking to grow their portfolio — or preserve it — during times of uncertainty. Unless you know exactly where the real estate market is headed next, don’t miss this powerful and entertaining episode!In This Episode We Cover: Why David chose real estate and his first property How he got his first property by assuming a loan How he reached a level of buying a property a month without a college education How Monopoly inspired him to invest in real estate How to balance learning and actually making deals What exactly a wrap is Thoughts on contracts for deeds How many deals he has made What you should know about seller carry back What walking the mortgage is Insight into market cycles and crashes How to read the signs of market cycles What we can learn from the boiled frog analogy What “buying right” really means The importance of not always doing the things others are doing Why it’s important to join real estate club meet ups A couple of his worst and greatest deals And SO much more! Links from the Show BiggerPockets Pro ZBuyer BiggerPockets Webinar BiggerPockets Analysis Tools BiggerPockets Forums Books Mentioned in this Show How to Buy and Manage Rental Properties by Irene and Mike Millin Unlimited Power by Tony Robbins Close That Sale! by Brian Tracy Advanced Selling Strategies by Brian Tracy Tweetable Topics: “I can never win at Monopoly unless I roll the dice and I buy houses.” (Tweet This!) “A good borrower can make a bad loan good, and a bad borrower can make a good loan bad.” (Tweet This!) “Forget location, location, location. It’s all about buy low and sell high.” (Tweet This!) “You just look at what exactly the herd is not doing.” (Tweet This!) Connect with David David’s BiggerPockets Profile Email David David’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the BiggerPockets Podcast, we talk about a subject many investors debate about: investing in OLD properties. Today’s guest, Dana Bull, has filled her portfolio with properties over 100 years — and she dishes out the good, the bad, and the ugly details. You’ll also learn why Dana focuses on small multifamily properties and she offers some incredible insight into being an effective landlord — no matter your age or experience level.In This Episode We Cover: Why Dana and her boyfriend rented in Salem, the infamous place of witch trials How she bought a house from 1784 Things to note about buying old houses The numbers on their second property Why she wants to avoid inheriting tenants Why Dana seeks one bedrooms with smaller footprints The “stepping stone” property for young professionals Why lead-based paint is an issue Things she’s learned from being a landlord in her mid-twenties A discussion on open houses vs. individual showings How to deal with tenant issues How to know when it’s time to sell The importance of knowing the end goal and taking steps to get there How she managed to juggle full-time jobs and investing How many properties she has now and why she’s just hitting a “target” What she means by the “building years” How she manages her properties What it’s like being a woman investor And SO much more! Links from the Show Josh’s Twitter Account BP Podcast 099: 3 Personal Finance Bloggers & Their First Real Estate Investment with Scott, Lauren, and Philip BiggerPockets Webinar BiggerPockets Forums Books Mentioned in this Show Property Management Kit For Dummies by Robert S. Griswold The Book on Managing Rental Properties by Brandon and Heather Turner The EveryGirl’s Guide to Life by Maria Menounos Tweetable Topics: “All of our properties have some sort of story in them.” (Tweet This!) “If people want your time or if people want to live in your space, they need to respect you and your time.” (Tweet This!) “There are so many approaches you can take, and I think the key is to just start.” (Tweet This!) Connect with Dana Dana’s BiggerPockets Profile Dana’s Company Website Dana’s LinkedIn Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

There are a lot of excuses people use for why they don’t invest in real estate. Maybe they work too much. Maybe they don’t have any money. Maybe the market is too hot. But some — like our guest today — don’t let those difficulties stop them. Instead, they use creativity to overcome obstacles and build a real estate empire. So today on the BiggerPockets Podcast, we are excited to introduce you to Dave Meyer, an investor from the Denver market, who shares his story of buying eight units using creativity, intelligence, and in incredible level of hustle!In This Episode We Cover: Who exactly Dave, the VP of Growth for BiggerPockets, is How his silly neighbor unintentionally encouraged him to buy a house Why he chose his friend as a partner The details of his first deal What he looked for in his first deal The numbers on that deal Would it still be a great deal without the appreciation in Denver? How he raised his funds for this project The importance of acting on opportunities now Who manages his properties? How a tenant built a staircase for him How you can learn the market by working hands-on How Dave bought properties while waiting tables His first experience with house hacking Tips to keep in mind regarding zoning when finding properties And SO much more! Links from the Show Josh’s Twitter Account Brandon’s Twitter Account BiggerPockets Webinar BiggerPockets Forums Dancing with the Stars How Great Leaders Inspire Action by Simon Sinek (TED Talk) Books Mentioned in this Show The Book on No or Low Money Down by Brandon Turner The Ultimate Beginners Guide to Real Estate Investing by BiggerPockets Start with Why by Simon Sinek Leaders Eat Last by Simon Sinek Tweetable Topics: “If you have an opportunity, you’re a fool to ignore it. Find a way to do it.” (Tweet This!) “You learn a tremendous amount if you do hands on things such as screening the tenants, doing the open houses. You learn the market and what people want.” (Tweet This!) “Find the deal and figure out how to get the money to make it happen.” (Tweet This!) “Once you start owning, it feels weird to start paying someone else to live in their house.” (Tweet This!) Connect with DaveDave’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investor Bill Powers shares his journey of acquiring over 70 units in 5 years using lease options. Topics include tenant screening, rent-to-own dynamics, Dodd-Frank regulations, and the future of his business. Learn about ethical practices in real estate investing and the importance of working with investor-friendly agents.

In today’s humorous episode of the BiggerPockets Podcast, you’ll meet Bill Lublin, a real estate expert who has invested in over 800 deals while also building the largest real estate agency in his state! You’ll learn how Bill got his start in real estate sales, why he was a terrible agent, and the one thing that changed everything. You’ll also hear how Bill has been able to do over 800 investment deals (from single family homes to multifamily to motels to development and more), his management philosophy, and why he thinks investors probably should NOT get their real estate license.In This Episode We Cover: Who Bill is How Bill got into real estate by accident Why work ethic is important Tips for employing hundreds of agents Why some agents don’t buy their own properties What you should know about a wraparound mortgage How he learned to do creative financing How many deals he has done so far (hint: 800 to 1,000) His favorite type of deal How to time your investing (despite the recession) The 4 big things that will give you value-add on a property Sage advice for investing for the long haul How his business and partnership works What the “elephant approach” is And SO much more! Links from the Show Podcast Movement BiggerPockets Webinar BiggerPockets Forums Books Mentioned in this Show The Book on No or Low Money Down by Brandon Turner List More, Sell More by Jerry Bresser The E-Myth Revisited by Michael E. Gerber Tweetable Topics: “You make a living by selling real estate.” (Tweet This!) “Anybody who has a periodic payment is paying somebody else’s mortgage.” (Tweet This!) “I haven’t met anybody who owned a property for 10 years who didn’t make money on it.” (Tweet This!) “You make a profit in the property when you buy it, not when you sell it.” (Tweet This!) “You don’t recognize a loss until you sell something.” (Tweet This!) “The hard part is not doing deals, but finding deals.” (Tweet This!) Connect with Bill Bill’s BiggerPockets Profile Bill’s Website Bill’s Company Website Bill’s Twitter Account Learn more about your ad choices. Visit megaphone.fm/adchoices