BiggerPockets Real Estate Podcast

House flipping can be incredibly profitable and fun — but for many people, trying to make it work is next to impossible because of the high cost of homes. That’s why on this episode we’re excited to chat with Steve Jones, a house flipper from Southern California who has flipped over 100 deals in his neighborhood. Steve’s advice is rock solid for anyone looking to grow their real estate business — and you are going to love his advice about open houses. Steve’s perspectives just might change how you do real estate forever.In This Episode We Cover: Thoughts on investing in Southern California How Steve got started in real estate The first home he flipped What exactly a “condo conversion” is How he’s done over 100 flips so far How Steve finds his deals What you should know about looking for hidden value Steve’s formula for evaluating a deal How he flips a deal What he typical spends on a normal rehab The worst flip he’s ever done How to think with the buyers in mind Tips for getting an A-team contractor How to learn from contractors The importance of developing a thorough scope of work Why deals are relationship based How to calculate land value What happens when people lose their money Things that he loves about flipping houses The “slow flip” Becoming an expert on your neighborhood And SO much more! Links from the Show Fake F***ing Flowers (video) BiggerPockets Calculators Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki Why We Buy: The Science Of Shopping by Paco Underhil Tweetable Topics: “We always bring the indoors outdoors — and bring the outdoors in.” (Tweet This!) “You have to have an appetite for risk.” (Tweet This!) “Your best price is always going to be your first price.” (Tweet This!) Connect with Steve Steve’s BiggerPockets Profile Steve’s Company Website Steve’s Instagram Steve’s Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever dreamed of owning large apartment complexes? If so, don’t miss this powerful interview with Jonathan Twombly, a real estate investor whose very first deal had over 100 units! You’ll learn why Jonathan skipped the “small deal phase” and jumped right into big deals — and how he’s gone from nothing to over 400 units in the past several years. This show offers an incredibly realistic view of what it actually takes to break into the apartment complex market!In This Episode We Cover: How Jonathan got out of the law industry and into real estate investing The partnership that changed his life How you can always find deals within 100 miles The details of Jonathan’s first deal What to do when someone cancels the deal How financing contingency works How he structures his deals Tips for establishing yourself with brokers The due diligence list to show to brokers The importance of asking your friends for introductions Why you should focus on the relationship aspect of investing The details of Jonathan’s first successful deal Why you should consider buying the “unsexy” properties Tips on looking for deals How he makes money through syndication His strategy on making 400-unit deals How he manages properties What you should know about underwriting a deal Things he would done differently if he started all over again And SO much more! Links from the Show BiggerPockets on Google Play 10 Things To Do Before Doing Your First Deal (blog) Books Mentioned in this Show The Wall Street Journal. Complete Real-Estate Investing Guidebook by David Crook Logistics Clusters by Yossi Sheffi The War of Art by Steven Pressfield The 4-Hour Workweek by Timothy Ferriss Tweetable Topics: “You don’t know what the heck you are doing, but you’ll figure it out when you start somewhere.” (Tweet This!) “If you are a new investor, it’s not about how much money you have but about how many deals you have closed.” (Tweet This!) “Persistence is 90% in business and then the other 10% is not being an idiot.” (Tweet This!) Connect with Jonathan Jonathan’s BiggerPockets Profile Jonathan’s Blog Jonathan’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

On this inspiring episode of the BiggerPockets Podcast, we sit down with real estate entrepreneur Andrew Cushman to learn how he went from a full-time job as a chemical engineer to a house flipper and finally a real estate syndicator, buying over 1400 units in less than a decade. You’ll learn how Andrew finds deals, manages the rehabs on a large scale, raises money for large apartment purchases, and more. Don’t miss a moment of this powerful show!In This Episode We Cover: How Andrew started as a chemical engineer — then got into investing Why he trusted his mentor from the outset How many flips he has done so far Tips for scaling from 0 to 24 flips in 5 years The details of his first flip A discussion on buying pre-foreclosure properties The story of making 4,575 phone calls before getting his first deal The importance of believing in yourself and believing in the system How Andrew has flipped 24 properties and 1,470 apartments How he made money on the first flip How to scale by building a system How to find pre-foreclosed deals The best flip he’s ever completed Tips on weird houses His first apartment deal Why he doesn’t recommend a heavily distressed deal The difference between single family and multifamily properties How to become a “sophisticated investor“ How he find apartment deals And SO much more! Links from the Show Webby Awards Bloomberg DowJones HarvardBusiness Wired Forbes CNN Money BiggerPockets Calculators Foreclosure.com PropertyRadar Realtytrac How to Buy a Foreclosure : The Comprehensive Guide to Buying a Foreclosed Home General Foreclosure & Pre-Foreclosure Forums BRRRR Strategy GoBundance BP Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod BP Podcast 166: How Modeling Greatness Can Get You To 100+ Deals with Matt Aitchison BP Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene 1 Life Fully Lived Organization Slack Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki The One Thing by Gary Keller and Jay Papasan The E-Myth Revisited by Michael E. Gerber Emerging Real Estate Markets by David Lindahl Multi-Family Millions by David Lindahl Start with NO by Jim Camp Tweetable Topics:“This system will work so I’m going to make it work.” (Tweet This!)Connect with Andrew Andrew’s BiggerPockets Profile Andrew’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

What does it take to truly find success in real estate — especially when you make an average salary and live in an expensive city? That’s the topic of today’s show, where we sit down with David Greene, a full-time police officer in the San Francisco market who’s managed to buy multiple deals in the past several years through mass hustle and persistent deal-finding. You’ll learn how David finds deals, invests both in-and-out-of-state, and finances those deals on a cop’s salary! This show is sure to motivate and educate you to do more deals this year!In This Episode We Cover: Who David Greene is and how he bought a $565k house for $195k The challenges of renting out a house His tips for first time landlords Thoughts on credit checks How to use property managers as advisors Steps for buying property from afar The second hurdle he met while investing What you want in a real estate agent How he got financing despite his profession Looking at investing like the Golden Real Estate Warriors to save money The importance of working hard to reach your goals A discussion on investing in notes — the downsides and upsides David’s game plan Why consistency is key to reaching success And SO much more! Links from the Show Keyword Alerts Tenant Screening: The Ultimate Guide How To Rent Your House: The Definitive Step by Step Guide How to Invest in Real Estate with Just 5 Spare Hours Per Week Be Like Elon (image) BackstreetBoys Documentary on MTV Jeff Brown’s BiggerPockets Profile Compound Interest Spreadsheet BiggerPockets Instagram Post (Quote) BP Podcast 034: Virtual Real Estate Investing and How to Find Great Deals in a Hot Market with Anson Young Andrew Cushman’s BiggerPockets Profile BiggerPockets Webinar Books Mentioned in this Show The Book on Rental Property Investing by Brandon Turner The Richest Man in Babylon by George S. Clason So Good They Can’t Ignore You by Cal Newport The Millionaire Real Estate Agent by Gary Keller The Millionaire Real Estate Investor by Gary Keller Rich Dad Poor Dad by Robert T. Kiyosaki Tweetable Topics: “You can do everything wrong in real estate at the beginning. If you hold on long enough, it’s going to work out.” (Tweet This!) “You have to embrace that it’s hard and be glad that it is.” (Tweet This!) Connect with David David’s BiggerPockets Profile David’s Website David’s Facebook Profile David’s LinkedIn Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we’re excited to bring you an interview with a savvy investor who’s done over 500 deals — Cameron Skinner. Cameron got his start with new construction spec builds in the late 1990s and due to the changing economy created an interesting twist that we know you guys are going to just love. This episode is packed with incredible, actionable advice that will leave you shouting, “I’m totally going to do that strategy!”In This Episode We Cover: How Cameron got started by partnering with someone Why he started with new construction Can anyone build to rent? How to calculate capex and why it’s important What exactly cost segregation is How to get tax benefits now How many deals Cameron has done so far His experience during the crash What you should know about how lease options work When to seek professional advice regarding the laws in your area How to know your market Downsides of the build-rent strategy Tricks for finding the best contractor How he completed so many deals without picking up a hammer How to keep an “investor mindset” to find the best deals The importance of finding out your skill set Why Cameron has no employees The cost of tearing down a property And SO much more! Links from the Show BiggerPockets Analysis BiggerPockets Calculators BiggerPockets Forums Keyword Alerts BiggerPockets Meet Tax, Legal Issues, Contracts, Self-Directed IRA Forum Category Books Mentioned in this Show The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matt MacFarland Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down The Richest Man in Babylon by George S. Clason Thou Shall Prosper by Rabbi Daniel Lapin Tweetable Topics:“I’m not worried about 20 years from now because I might be dead — so I want to take the tax benefits now.” (Tweet This!)Connect with CameronCameron’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

People have a lot of excuses about why they aren’t’ investing in real estate. “I work too much.” “I live in an expensive area.” “I don’t know enough.” But on today’s show, we sit down with a BiggerPockets member who is absolutely crushing it — despite a full-time job, living in Silicon Valley, and being brand-new to real estate. You’ll learn how Kevin Wood has managed to go from zero to twenty-five deals in under a year, largely using networking on BiggerPockets to make it happen. You’ll be inspired, motivated, and educated to get off the bench and jump into the game!In This Episode We Cover: How Kevin went from 0 to 25 units in less than a year How to overcome the fear of buying that first deal How BiggerPockets helped Kevin focus on his investing The “condo mistake” Kevin almost made for his first deal How to have a competitive advantage Tips for approaching other investors Why (and how) Kevin bought five houses at once for his first deal The logistics of buying five properties at once as a newbie How to know if you’re buying a good deal or not The benefits of analyzing 100 deals Investing in stocks vs. real estate How to make a good partnership Tips on working with partners — the good, bad, and ugly How to introduce yourself on BiggerPockets How Kevin got a $200,000 discount on his 6-plex The 14-unit turnaround — and the drama associated with it How to work with a designer to get the best look for a unit A discussion on contractors and how to find them How to manage a multifamily complex The caveats associated with big fixer-upper deals Tips on going for package deals The genius negotiating strategy Kevin uses to get incredible deals And SO much more! Links from the Show BiggerPockets is hiring! BiggerPockets’ Twitter Mail BiggerPockets Support Real Estate Deal Analysis and Advice Forum Category BiggerPockets Calculators BiggerPockets Forums BiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian Burke BP Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian Burke BP Podcast 152: Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge Shukhat BiggerPockets Webinar Keyword Alerts Rob Regan’s Website BP Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles Sharon Tzib’s Profile Before and After Images Before After Rehab Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down Investing in Apartment Buildings by Matthew Martinez The Millionaire Real Estate Investor by Gary Keller The 4-Hour Workweek by Timothy Ferriss The One Thing by Gary Keller and Jay Papasan Tweetable Topics: “Once you have that first deal, you suddenly become more legitimate.” (Tweet This!) “Once the number makes sense, then we do everything we can to find the yes.” (Tweet This!) “Never compromise in your returns.” (Tweet This!) Connect with KevinKevin’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

One of the best ways to achieve incredible results in your life is to model others who have succeeded before. At least- that’s how our guest today was able to do over 100 deals- all before his 28th birthday! Today Matt Aitchison shares his story of overcoming a rough past and how he used real estate to define an incredible future. This powerful show is slammed packed with actionable tips and tactics that YOU can use, right now, in your business to increase your net worth through real estate investing! This show is bound to go down in the books as one of the greatest shows in BiggerPockets history!In This Episode We Cover: How Matt learned to invest as a child! Matt’s first deal – that made him $100,000 Teaching your kids about real estate investing Building a sizable real estate team How Matt “models” others to achieve success How to attract a mentor The importance of “showing up“ What makes a good wholesaler? The creative strategy Matt uses to buy properties for $0 out of pocket! How to vet a borrower if you are the lender How Matt handle the phone leads in his business Hiring an intern to replace your day-to-day tasks The actual response and conversion rates Matt gets from direct mail And SO much more! Links from the Show New PRO Feature: Keep Track of Colleagues Through Lists! (forum post) BiggerPockets Pro BiggerPockets Calculators BRRRR Strategy Grays Harbor HomeBuyers GoBundance Books Mentioned in this Show The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matt MacFarland Rich Dad Poor Dad by Robert Kiyosaki Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down The ABCs of Real Estate Investing by Ken McElroy Essentialism: The Disciplined Pursuit of Less by Greg McKeown The One Thing by Gary Keller and Jay Papasan Tweetable Topics: “If you’re not keeping score you’re just practicing.” (Tweet This!) “Life rewards the people who show up everyday.” (Tweet This!) Connect with Matt Matt’s BiggerPockets Profile Matt’s Facebook Profile Matt’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

What’s it truly take to go from beginner to advanced in real estate? On this episode of the BiggerPockets Podcast, we sit down with Steve Mills, who shares exactly how he was able to overcome a bad first deal, find mentors, work with a partner, and eventually do more than four hundred real estate deals! This show is both highly motivating and informative and will definitely leave you with some great nuggets that you can use in your business to buy more real estate and have more fun doing it!In This Episode We Cover: Where Steve comes from and a discussion about Detroit How he got into real estate The entrepreneurial mindset Why you should educate yourself What his first deal looked like The importance of using bad deals as a learning experience Thoughts on selling via a land contract Why Steve chose wholesaling Details on his first wholesale deals How to negotiate your way to getting deals What you should know about zoning How to understand a lead Functional obsolescence Changing strategies as your business grows A discussion on commercial real estate How to find the confidence to do deals And SO much more! Links from the Show BP Podcast 093: 0 to 400 Deals (in 5 Years!) via Smart Marketing with Erik Stark BiggerPockets Forums Books Mentioned in this Show Think and Grow Rich by Napoleon Hill Rich Dad Poor Dad by Robert Kiyosaki Psycho-Cybernetics by Maxwell Maltz Tweetable Topics: “Real estate allows so much opportunity and growth in life.” (Tweet This!) “Having a group and joining one created a confidence in me.” (Tweet This!) “You can’t go acting broke and talking money.” (Tweet This!) Connect with Steve Steve’s BiggerPockets Profile Steve’s Facebook Steve’s LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices

Having a full-time job can make investing in real estate tough. However, with the right systems, people, and plan, your business can thrive no matter how few hours you have to dedicate towards it! In this episode of the BiggerPockets Podcast, we sit down with Bill Allen, a navy pilot who’s done just that in a very short time. We talk about hiring your first employee, finding good deals, using low down payment loans to fund your deals, and a lot more. If you are looking to make your real estate business launch into the stratosphere, don’t miss a moment of this show!In This Episode We Cover: What Bill does aside from being active duty in the U.S. Navy How he got into the real estate world The importance of being able to walk away from a house What you should know about the housing assistance program His $185k loss in an investment The difference between buying rentals and buying primary residences His first investment property What exactly a VA loan is How he uses VA loans creatively to finance his investing How to treat real estate as a business Mistakes on his first flip and what he could have done better How Bill got private money despite not having deals under his belt Tips for flipping while having a full time job How to structure your business to maximize the potential in your market Considerations while hiring your first employee The importance of setting task lists How to incentivize those you hire How many deals has Bill done Thoughts on diversifying your business Tips for creating a good website How to funnel your leads And SO much more! Links from the Show The BiggerPockets Team House Hacking 101 WordPress ThemeForest BP Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson BP Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan BP Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles Books Mentioned in this Show The Book on Investing with Low or No Money Down by Brandon Turner The Book on Flipping Houses by J. Scott The 4-Hour Workweek by Timothy Ferriss Flipping Houses Exposed by Danny Johnson The Bogleheads’ Guide to Investing by Taylor Larimore The Millionaire Next Door by Thomas J. Stanley The One Thing by Gary Keller and Jay Papasan Tweetable Topics: “It’s not emotional. I buy it as an investment property.” (Tweet This!) “If they can do it, I can do it.” (Tweet This!) “Know what the value of something is before you pay for it.” (Tweet This!) Connect with Bill Bill’s BiggerPockets Profile Bill’s Personal Website Learn more about your ad choices. Visit megaphone.fm/adchoices

No one likes paying taxes, so let’s talk about how you can pay FAR less to the IRS! On today’s show, we sit down with real estate investor and CPA Amanda Han, the author of the brand new book The Book on Tax Strategies for the Savvy Real Estate Investors. In this powerful (and fun!) interview, you’ll learn about the biggest tax mistakes investors make when setting up — and running — their real estate business. This interview could literally save you thousands of dollars! Dig in!In This Episode We Cover: The new book that will help you save money Who Amanda Han is and how she became CPA to an investor Why the Tax Code is a language on its own The importance of working with a CPA in regard to the Tax Code The big list of people who screw up their taxes Getting the right legal entity on the first deal The two things to ask your CPA Legitimate tax deductions you should know Getting deductions from equipment What you should know about the home office deduction Other neglected deductions A discussion on income shifting Why you need to make sure you keep receipts How to figure out if an activity is deductible through a CPA Important retirement strategies What you should know about self-directed investing The basics of a 401(k) The tax deferred and leverage concepts all rolled into one Tips for getting benefits from depreciation Entities and mistakes people make with them How having corporations save on tax Why you need proactive planning And SO much more! Links from the Show BP Podcast 049: Real Estate Tax Tips, Jokes, and Loopholes With Amanda Han BP Podcast 011 : The Ultimate Beginner’s Podcast For Real Estate Investors BiggerPockets Podcast SenseFinancial 4 Depreciation Tax Mistakes Investors Need to Avoid BiggerPockets Webinar BiggerPockets Store BiggerPockets Forums Books Mentioned in this Show The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland Rich Dad Poor Dad by Robert Kiyosaki The 4-Hour Workweek by Timothy Ferriss Tweetable Topics: “Within the Tax Code, there are a lot of loopholes.” (Tweet This!) “As long as you can show that it is necessary for your business, it should be a tax reduction.” (Tweet This!) “Depreciation is not a choice.” (Tweet This!) Connect with Amanda Amanda’s BiggerPockets Profile Amanda’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices