BiggerPockets Real Estate Podcast

What does it take to achieve financial independence? Thousands of deals and a 100+ hour work-week hustle? Not according to today’s guest! Today we bring you an incredible interview with Sarah P. who just one year ago began her journey toward financial independence using rental properties — part-time! You’ll learn how Sarah is building a rental portfolio despite living in one of the most crowded, competitive markets in the world, as well as her best tips on overcoming obstacles, creative finance, and more. This show will not only give you miles of practical advice, it will leave you saying, “I can totally do that!”In This Episode We Cover: How she discovered financial literacy through Mr. Money Mustache How analyzing deals made her feel comfortable buying her first deal How to invest if you’re in an expensive market The details on her first deal How she chose her market Sarah’s thoughts on HOAs How she’s managing her properties How old her properties are How a Home Equity Line of Credit helped her land her first properties What her long-term goal as an investor is How Sarah finds her deals Some obstacles she’s encountered in her investing career What the 2 year rule is How many hours a week she works on her real estate And SO much more! Links from the Show 8 Mile BiggerPockets Webinar Mr Money Mustache BP Podcast 172: Breaking Into Apartment Investing with a 100-Unit First Deal with Jonathan Twombly BP Podcast 180: 58 Deals by Age Twenty-Three with Devan McClish Thumbtack Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Secrets of the Millionaire Mind by T. Harv Eker The Book on No or Low Money Down by Brandon Turner Rich Dad’s Who Took My Money? by Robert Kiyosaki Tweetable Topics: “My rental income does not count as income.” (Tweet This!) “If they can’t help you, ask who else they know that can help you.” (Tweet This!) “You need to know what to ask because you don’t know what you don’t know.” (Tweet This!) Learn more about your ad choices. Visit megaphone.fm/adchoices

Whether you own a single property or 1,000 units, systematizing your business is the key to growth. That’s why we’re excited to introduce you to Jake Stenziano and Gino Barbaro, a real estate partnership that’s scaled to 674 units in just the past three years. In this explosive interview, Jake and Gino share their story of building a sizable portfolio using a variety of creative methods. You’ll learn about the “hard lumps” they took on their first deal, the mindset changes they needed to take to transform their business, how they financed a 200+ unit apartment for no cash down, and a lot more. This incredible show will not only change your business — it might just change the way you look at life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Let’s be honest: It can be tough to find a great deal in today’s competitive real estate market. If you find yourself in that situation, you are going to love today’s show! Today we hear from Lauren Hardy, a house flipper and wholesaler in the highly competitive Southern California market who overcame a rough beginning to scale her business to several deals a month. You’ll love Lauren’s honesty about quitting her job too early and her straightforward approach to finding deals, evaluating a market, and creating systems that allow her to work and live a full life. And grab some scratch paper — this is definitely one show you are going to want to take some notes on!In This Episode We Cover: What to do when you hail from an expensive location How Lauren got started in real estate Her very first deal Why she loves condos Things to consider when investing in condos How she quit her job — and failed How she spent $25,000 — and got no deals Lauren’s tweaks to her direct mail marketing How she scaled to 2 to 3 deals a month How Lauren’s business works How she uses Podio to make her processes easier How she estimates rehab costs What exactly cash for keys is Flipping shows vs. flipping in real life How she funds her deals with hard money and private money lenders Where is she going with her business How many hours she works in a week And SO much more! Links from the Show BiggerPockets Webinar ListSource REISource Google Earth Darren Daily BiggerPockets Udemy Course Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Tax Strategies for the Savvy Real Estate Investor by Amanda Han Building Wealth One House at a Time, Updated and Expanded by John Schaub The Compound Effect by Darren Hardy The Entrepreneur Roller Coaster by Darren Hardy Tweetable Topics:“I love what I do, so it doesn’t feel like work.” (Tweet This!)Connect with Lauren Lauren’s BiggerPockets Profile Lauren’s Facebook Profile Lauren’s Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

What were you doing at 23 years old? Probably not building 17 houses like today’s guest! That’s right — our guest today on the BiggerPockets Podcast is Devan McClish, a real estate investor from Nashville who’s done nearly 60 deals in just the past couple years — using almost no money of his own. You’ll learn how Devan finds deals, raises money, works with contractors, and so much more. This show will go down as one of the greatest in BiggerPockets history — so don’t miss a second of it!  In This Episode We Cover: How Devan got started learning real estate when he was 18 How he convinced a mentor to teach him His first deal 3 years later How to avoid the shiny object syndrome How he landed deals through direct mail How he initially funded his deals Living on $15,000 for a year How to deal with peer pressure when you’re “going cheap” The worst mistake he’s made so far The biggest challenge in the beginning Why finding the deal is harder than finding the money How Devan finds deals Tips on driving for dollars His future goals And SO much more! Links from the Show BiggerPockets Job Opening BiggerPockets Events Advertise with BiggerPockets BiggerPockets Store Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Think and Grow Rich by Napoleon Hill How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson The Intelligent Investor by Benjamin Graham Tweetable Topics: “While my friends are out drinking, I stay at home and try to find the next deal.” (Tweet This!) “Instead of spending $300/month on a brand new car, I’d rather spend that to get another 300 yellow letters out.” (Tweet This!) “Whenever they say you can’t do this, I say watch me do it.” (Tweet This!) Connect with Devan Devan’s BiggerPockets Profile Devan’s Facebook Profile Devan’s Twitter Profile Devan’s Landing Page Learn more about your ad choices. Visit megaphone.fm/adchoices

What stops most people from achieving massive success through real estate? Money? Cheap properties? Knowledge? According to our guest today, it’s fear. That’s why we’re excited to introduce you to Dale Hensel, an investor who’s done everything from single family to multifamily to notes and a LOT more. You’ll be amazed at the simple way Dale used his “ignorance” that something should be hard to build several large, successful businesses — including one real estate company he took public!In This Episode We Cover: Dale’s very first house that he bought in 1996 How hitchhiking led him to figuring what he wanted How he achieved 250 apartments in two and a half years! The need for being confrontational in this business The cool story of how he got started as a landlord How he added multiple properties just because he has no money What exactly a “wrap” is The 3 important pieces of paper in a real estate transaction The benefits of not knowing what’s “impossible“ The difference between performing and non performing notes A discussion about his public company And SO much more! Links from the ShowBRRRR CalculatorBooks Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki The 4-Hour Workweek by Timothy Ferris The Millionaire Fastlane by MJ DeMarco Tweetable Topics: “I didn’t know that it was supposed to be hard or impossible, so I bought 250 apartments.” (Tweet This!) “I don’t have a filter that says ‘Well, they did it, I can’t.” I have filter that says, ‘If they did it, so can I.'” (Tweet This!) “Take measured, gentle risk until you can push yourself a little further, and realize that you can go a lot further than you ever thought!” (Tweet This!) Connect with Dale Dale’s BiggerPockets Profile Dale’s Facebook Page Learn more about your ad choices. Visit megaphone.fm/adchoices

Trying to build a real estate portfolio when you are brand new and work a full-time job can be tough. That’s why today we are excited to bring you an interview with an investor (and moonlighting stand-up comedian) with a remarkable story of using various “house hacks” to jump into the game. Charlie Kao, who hails from the Detroit, Michigan market, covers his entire investing journey, from condo investing to house flipping to landlording and more. And don’t miss Charlie’s powerful — and incredibly unique — strategy for finding deals through networking! Today’s show is sure to bring new strategies to your business, and the humor will leave you smiling all day!In This Episode We Cover: Where Charlie comes from How he learned real estate from his dad Thoughts on starting off with $5-40k houses A discussion about Detroit The details of his first deal How he realized how to live and flip via working at the bank What exactly an underwriter is Charlie’s first true flip in Grand Rapids Thoughts on valuing your time when it comes to flipping Tips for living in your flip How he started out as a househacker How he lived in the house for two years How it might be difficult to live and flip with kids Tips for getting your spouse on board How to flip while having a full time w-2 job How many flips Charlie has done so far How he finds properties and the price range he looks for The mailman and the foundation specialist as sources of leads How he manages to get stated income loans Some of the worst deals he’s had What would have he done differently if he started all over again And SO much more! Links from the Show BP Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman BiggerPockets Events The Secret to Unlocking Bank Financing Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki The 4-Hour Workweek by Timothy Ferris Maximum Achievement by Brian Tracy The Psychology of Selling by Brian Tracy Tweetable Topics: “The more tools you have in your toolbox, the more projects you can take on.” (Tweet This!) “This is going to be the last time I make this mistake because I’m going to learn from it.” (Tweet This!) “It doesn’t matter how many things you’ve done; there are always things that could happen.” (Tweet This!) Connect with Charlie Charlie’s BiggerPockets Profile Charlie’s Company Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

When you hear the acronym “BRRRR,” what comes to mind? Winter? Well, today on the BiggerPockets Podcast, we’re going to talk about BRRRR — and, no, we’re not talking about the temperature! On this powerful episode, we dive deep into one of the most popular and exciting strategies for real estate investors today — the BRRRR strategy (Buy-Rehab-Rent-Refinance-Repeat). We talk with Ben Walhood, a real estate investor from the Chicago suburbs who has found tremendous success buying properties in several states using BRRRR, as well as several other strategies. You’ll learn why it took Ben nearly ten years to “take off” as an investor, as well as the best tips he has for finding success today. Grab a notebook and pencil — because this is one show you’ll want to take some notes!In This Episode We Cover: Tips for switching from the linear path of a sales person to a real estate investor What a “no doc loan” is How Ben bought his first house in college to house hack How he learns each market he gets into The story of how he failed horribly on his second deal What to do when you get calls from tenants in the middle of the night Why every strategy could work How he got better with his type of properties over time The best deal he’s had Why you have to fail to succeed Tips on the BRRRR strategy How many properties Ben has What you should know about CapEx Tips for using insurance companies How to perform a walkthrough of a typical BRRRR deal The downsides to this strategy Tips for short-term financing through crowdfunding Where is Ben going with his investing How we was able to quit his job through investing And SO much more! Links from the Show BiggerPockets Calculators (includes BRRR Calculator) RealtyShares BP Podcast 151: Finding Your “Freedom Number” with Clayton Morris BiggerPockets Forums Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki The Book on Rental Property Investing by Brandon Turner Investing in Real Estate by Gary Eldred Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki Eat That Frog! by Brian Tracy Tweetable Topics: “I just hated the idea of throwing away money on rent every month.” (Tweet This!) “Find people that choose to rent and not ones that need to rent.” (Tweet This!) “I had to try and fail before I could figure out what success looked like.” (Tweet This!) “It’s all about putting in the right people and putting some terms in your lease.” (Tweet This!) Connect with Ben Ben’s BiggerPockets Profile Ben’s LinkedIn Ben’s Company Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone knows it’s tough to find deals in today’s real estate market — but somehow our guest today, Tom Krol, didn’t get that memo! In his first 18 months, Tom closed over one hundred wholesale dealsand has continued to dominate his market. In this explosive and highly entertaining episode, Tom goes into incredible detail on the exact methods he used to build out a highly automated real estate acquisition machine. And don’t miss the in-depth discussion on nine specific lists that Tom mails to; it just might change your business forever. Hang on tight — this show is about to rock your world!In This Episode We Cover: How Tom got started in real estate Why he had to sell his golf cart The biggest mistakes he made when starting out How he closed 100 deals in the first 18 months The attitude successful wholesalers have How to avoid “shiny object syndrome“ How he finds real estate deals What “the list” is What a motivated seller really looks like Tips for buying owner-occupied deals How Tom became successful in this kind of investing What you should know about “the rule of 5“ Tips for using a virtual assistant Why the money is in the database How much he spends on direct mail How many mailings per month he sends out A discussion on bandit signs How to get comfortable with making mistakes How many hours he works per week And SO much more! Links from the Show BiggerPockets Calculators Amazon Echo Podio Craigslist ListSource BRRRR Strategy Upwork Dreaming of That 4-Hour Work Week? This App Will Help You Get There! (Blog Post) FindMotivatedSellersNow.com BP Podcast 151: Finding Your “Freedom Number” with Clayton Morris BP Podcast 173: Flipping 100+ Houses in an Expensive, Competitive Market with Steve Jones Books Mentioned in this Show The ONE Thing by Gary Keller Getting Things Done by David Allen The Millionaire Real Estate Investor by Gary Keller The 4-Hour Workweek by Timothy Ferriss The Four Spiritual Laws of Prosperity by Edwene Gaines Traction by Gino Wickman Tweetable Topics: “Progress not perfection.” (Tweet This!) “Imperfect action instead of perfect planning.” (Tweet This!) “Every single real estate deal, no matter what you do, starts with a good deal.” (Tweet This!) “You’re going to make mistakes whether you have 4 years of education in real estate or none.” (Tweet This!) Connect with Tom Tom’s BiggerPockets Profile Tom’s Company Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Building a real estate portfolio can be challenging — but taking others along for the ride can help everyone achieve incredible results. That’s the topic on today’s episode of the BiggerPockets Podcast,where we sit down with Mike O’Connor and Matt Wood, two young investors from the Atlanta area who have built a sizable portfolio (150+ units) in a very short time thanks to the power of a team. You’ll learn why they jumped straight from a single house to an apartment complex and the mindset and strategies needed to pull it off successfully. This highly entertaining show will have you taking notes — and laughing — ’til the very end!In This Episode We Cover: The backstory of Mike and Matt’s investing career The cool story on how they started working together The value of analyzing deals “Aunt Jemima” as their first property What Section 8 is and some of its benefits Tips for bringing more people on the team Why their first deal was important How they find the right people for their team How they scored a 32-unit as their second deal How they went from 32 to 100 units through creative financing Tips for having a job while investing WhatsApp and why they use it How they differentiate roles in their company The importance of systemizing and automating to scale their business The Unique Wide Oak Deal Why you should build relationships with your local banks Why confidence matters in this business And SO much more! Links from the Show BiggerPockets Forums Google Play Tim Ferris’ Podcast BiggerPockets Contribute Evernote WhatsApp Dropbox The 5 C’s of a Perfect Loan Proposal BiggerPockets Analysis Tools BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone BiggerPockets Forums 8 Tips For Screening Out Professional Tenants: Your Worst Nightmare! (blog) The Professional Tenant – Just How Painful Can Evicting One Tenant Be? (blog) BiggerPockets Local Connect 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 Tweetable Topics: “We want to be good landlords, we truly enjoy providing good living conditions to our tenants.” (Tweet This!) “To know that there is something that we can control that is providing us income is huge.” (Tweet This!) “I’d rather have a small percent of a deal than zero percent of the deal.” (Tweet This!) “You have to be ready to pivot based on the deal because not every deal fits in the same box.” (Tweet This!) Connect with Mike and Matt Mike’s BiggerPockets Profile Matt’s BiggerPockets Profile Azeez’ BiggerPocketes Profile Kiran’s BiggerPockets Profile Cambridge Investment Group Learn more about your ad choices. Visit megaphone.fm/adchoices

Around BiggerPockets, we often encourage newer investors to sit down with an experienced real estate investor to “pick their brain” and soak up their wisdom. Today on the BiggerPockets Podcast, we want to do just that. Dave Short began investing in real estate nearly half a century ago and has an incredible level of insight into the ups and downs of building wealth through real estate. We cover everything from overcoming failure to flipping a hundred houses in four years and much more!In This Episode We Cover: How he got started in real estate from a factory job 44 years ago The grave need for property management and liquidating their business Thoughts on going through investing with over a million dollars in debt Tips for making partners instead of having bank relationships How help from the outside opened his eyes Why you should stay in the game despite failures The importance of working with the right people How many transactions he has done over his real estate career How he flips a house Who’s on his team How to hook a spouse on investing in real estate How he buys his deals How to get a good transaction as a wholesaler Making a deal by solving other people’s problems How to show yourself to be legit as a wholesaler Why you should find a veteran investor in your market What “pre-habbing” a house is And SO much more! Links from the Show BiggerPockets Jobs Google Play Tim Ferris’ Podcast BP Podcast Show 91: Getting Started as a Real Estate Wholesaler with Ben Grise BiggerPockets Keyword Alerts BiggerPockets Meet BiggerPockets Analysis Tools BiggerPockets Forums Books Mentioned in this Show The 4-Hour Workweek by Timothy Ferriss The Book on Rental Property Investing by Brandon Turner The ONE Thing by Gary Keller and Jay Papasan The Millionaire Real Estate Investor by Gary Keller Burst This! by Frank McKinney Unlimited Power by Anthony Robbins Awaken the Giant Within by Tony Robbins Tweetable Topics: “The management is the key to success, and real estate is just the vehicle.” (Tweet This!) “In buying and selling real estate, every house has 2 to 4 solutions.” (Tweet This!) “The beauty in staying in the real estate business for 44 years is if you’re in a slump for 4 years, that’s only 10% of your career.” (Tweet This!) “If you can’t ask the right questions, then you’ll never get to the solution.” (Tweet This!) “I never look at them as competition. They’re people we work together with, and we can all make a living.” (Tweet This!) Connect with DaveDave’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices