BiggerPockets Real Estate Podcast

Everyone wants to invest in multifamily properties. (Well, almost everyone.) But with the market heating up around the country, great deals are becoming incredibly difficult to find. That’s why we had to bring back one of our most popular guests on the BiggerPockets Podcast, Serge Shukhat.The last time we talked with Serge back in episode 60, Serge told us how he built up a massive portfolio in just a few years. But if you were impressed then, this show is going to blow you away. Filled with TONS of actionable tips, stories and warnings, this is one episode you are going to want (and need) to listen to over and over again.In This Episode We Cover: How Serge got started in real estate What he’s been up to since his last episode What value add and value add investors are What you need to know about commercial lending How he used seller financing for his 32 units The 3 components of successfully purchasing multifamily properties The ins and outs of cap rate and exit cap rate Why Serge does his own property management Things to avoid when value add investing What exactly submetering is Instances when overlooking things may cause problems later on Thoughts on using multi-units as vacation rentals How to train resident managers and tenants The importance of changing your strategy depending on the market What you should know about long term 30-year fixed financing What secondary markets are — and why Serge likes them How to connect with owners and resident managers How to keep a competitive advantage And SO much more! Links from the Show BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone BiggerPockets Forums Stop Obsessing About All Those Damn “Rules” in Your Real Estate Investing (Blog Post) LoopNet BiggerPockets Multi-Family and Apartment Investing Forums Books Mentioned in this Show The Magic of Thinking Big by David J. Schwartz Rich Dad Poor Dad by Robert T. Kiyosaki Landlording on Auto-Pilot by Mike Butler The Real Book of Real Estate by Robert T. Kiyosaki The 7 Habits of Highly Effective People by Stephen Covey The ABCs of Real Estate Investing by Ken McElroy The E-Myth Revisited by Michael E. Gerber The ONE Thing by Gary Keller How to Win Friends & Influence People by Dale Carnegie Tweetable Topics: “If you want to do a syndication, make sure you find a syndicator that is experienced. It’s all about the sponsor.” (Tweet This!) “Time is not your enemy in real estate, time is your friend.” (Tweet This!) “Be on a location where people want to be.” (Tweet This!) “No matter how successful you are, you got to keep moving forward.” (Tweet This!) Connect with SergeSerge’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Will Barnard recently closed on a seven-figure profit house flip (that’s right… over $1M on one single house!) In this episode of the BiggerPockets Podcast, Will shares the story, as well as 10 specific and actionable tips for anyone looking to rehab a property. Be sure to grab a pen and paper for this show… you are going to need it!In This Episode We Cover: How Will’s doing since the last time he was on the show The famous 7 Figure Flip All the details you want to hear about that flip! The 10 things you need to become a better flipper How to know your market The importance of building a team before you buy The members you need on your team How to find quality contractors The importance of negotiation as a real estate investor The two numbers that you need in order to make an offer The ins and outs of using leverage How to build a reputation by taking care of your investors The importance of learning how to manage efficiently How to know where you can save (and where you shouldn’t) in flipping houses And SO much more! Links from the Show Diary of a Seven Figure Spread (Forum Thread) BiggerPockets Flipping Calculator BiggerPockets Forums Will Barnard’s First BP Podcast Interview BP Podcast 120: How to Find, Analyze, and Finance an Incredible Real Estate Deal! The Occupants from Hell (Forum Thread) Books Mentioned in this Show The 10X Rule by Grant Cardone The Book on Flipping Houses by J. Scott The Book on Investing with No Money Down by Brandon Turner A Million Bucks by 30 by Alan Corey Trump-Style Negotiation: Powerful Strategies and Tactics for Mastering Every Deal by George H. Ross Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki Tweetable Topics: “You really need to get the boots on the ground to know your market.” (Tweet This!) “Trying to flip from afar is really asking for trouble.” (Tweet This!) “Everything you do in the real estate field — everything — pretty much is a negotiation.” (Tweet This!) “Listening to people negotiate is really helpful.” (Tweet This!) “There’s no right or wrong answer here. It’s a matter of finding out what do you want.” (Tweet This!) “You can’t be scared to fail because you’re going to fail.” (Tweet This!) Connect with Will Will’s BiggerPockets Profile Will’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of the BiggerPockets Podcast, we’re going to talk about a unique strategy that combines the power of house flipping with the benefits of home ownership. You’ll meet Mindy Jensen and discover how she uses the “live-in flip” strategy to build wealth through real estate. You’ll also learn how a live-in flipper can save significant money on taxes as well as a discussion on the benefits of doing your own work. Don’t miss this enlightening, and hilarious, episode!In This Episode We Cover: Who Mindy Jensen is Her thoughts on personal finance Frugality, as defined by Mindy A debate on Starbucks (as well as Priuses) and frugality Where she spends her money How Mindy got started in real estate Details on her deals 7% as a steal? The ins and outs of performing a live and flip Getting a real estate license as a means to invest What you should know about For Sale By Owner (FSBO) properties How she advertises her houses The pros and cons of live and flips Why women can and should fix houses The importance of home inspections And SO much more! Links from the Show BiggerPockets Keyword Alerts #AskBP Podcast BiggerPockets Blogs BiggerPockets Forums BP Podcast with Jeff Brown How to “Hack” Your Housing and Get Paid to Live for Free FSBOMadison Zillow Trulia BRRRR Strategy 3 Real Life Examples That Prove the HIGH Cost of Ignorance in Real Estate Want to Make $1,000 or More Per Hour? BiggerPockets Forums: New Member Introduction Books Mentioned in this Show The Book on Flipping Houses by J. Scott The Book on Investing with No Money Down by Brandon Turner The Snowball: Warren Buffett and the Business of Life by Alice Schroeder The Warren Buffett Way by Robert G. Hagstrom The Richest Man in Babylon by George S. Clason Tweetable Topics: “Frugality is save money where you can, so you can spend it where you want to or where you need to.” (Tweet This!) “I didn’t get my license to sell houses. I got it so that I could invest and have access to MLS.” (Tweet This!) “Nobody likes your house more than you.” (Tweet This!) Connect with MindyMindy’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Anca Rader, a real estate entrepreneur, shares her unique methods of getting around loan limits and financing multiple properties. She discusses topics such as house hacking, buying foreclosures, buying at auctions, and using commercial loans for residential investments. Anca also talks about managing her 33 rental units and utilizing the BRRR strategy for low-money down investments. She shares tips for new investors, the dangers of buying properties in auctions, and insights into long-distance investing.

As you grow your real estate business, a partner can help you achieve incredible levels. That’s why today on the BiggerPockets Podcast we sit down with James Wise to talk about how he used a partnership to build his own investment portfolio, as well as build a thriving brokerage and property management business. In this interview, you’ll learn how James finds and screens tenants, uses BiggerPockets to raise money, and much more.In This Episode We Cover: How James got started with real estate How he (unknowingly) house hacked his first property How he moved on to his next deals Tips on finding a business partner Learning the hard way through trial and error How James screens tenants now (and the mistakes he used to make!) Valuable tips on finding partners How he’s using BiggerPockets to grow his business His take on starting a brokerage or real estate management company Tips for real estate agents working with an investor Where to get the cash to actually live while investing in real estate And SO much more! Links from the Show Shia LaBeouf delivers the most intense motivational speech of all-time #AskBP Podcast Tenant Screening: The Ultimate Guide Evicted Tenant Threatens Landlord With a Machete (Seriously) BiggerPockets Forums #AskBP 034: Should You Rent to a Tenant With an Eviction in Their Past? Joel Owen’s BiggerPockets Profile New Member Welcome Forum Draft Day Books Mentioned in this Show Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth by Robert G. AllenTweetable Topics:“You’re always going to have vacancies. It’s part of the business.” (Tweet This!)Connect with James James’s BiggerPockets Profile James’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Building a real estate empire takes time, effort, and significant amounts of capital. However, as our guest today shares with us, it’s not beyond your reach! Learn how Brian Murray built a real estate portfolio to over 400 units using a variety of strategies and intelligent techniques. If you plan on building a large real estate portfolio in your future, this is a CAN’T MISS episode!In This Episode We Cover: How Brian got started with real estate Why he invested in commercial office space The techniques he used to get the place rented What exactly assuming the loan of the seller means A discussion about Capitalization Rates Value added investing How to use the 50% Rule with commercial properties The value of putting money back into the property How he manages his properties and his specific views on it How to find great deals Tips for real estate investors on getting started His biggest success and biggest mistake And SO much more! Links from the Show #AskBP Podcast The One Thing You Need to Achieve Your Biggest Goals [#AskBP] BiggerPockets Podcast BiggerPockets Forums BiggerPockets Podcast show 100 with Josh Dorkin BiggerPockets LinkedIn Profile BiggerPockets Facebook BiggerPockets Twitter Books Mentioned in this Show The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges Rich Dad Poor Dad  by Robert Kiyosaki Don’t Sweat the Small Stuff and It’s All Small Stuff by Richard Carlson Tweetable Topics: “You can’t expect anyone to treat your property as well as you do yourself.” (Tweet This!) “You’re gonna see far better returns if you invest yourself and your time into your properties.” (Tweet This!) “A lot of people they think that a property is not for sale, everything is for sale.” (Tweet This!) “Grit is living life like a marathon, not a sprint.” (Tweet This!) Connect with Brian Brian’s BiggerPockets Profile Brian’s LinkedIn Brian’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Michael Gerber, author of The E-Myth, shares insights on what makes investors successful in this podcast. He discusses the importance of systems, working on your business vs. in it, and the key to turning a business into a highly efficient system. He also talks about finding mentors, the four personalities in every business, and the power of inventing and implementing systems.

Is it possible to invest in real estate when you don’t have decades of life-experiences? That’s the topic we dive into today on the BiggerPockets Podcast with special guest Jered Sturm. Jered, who is in his mid-twenties, is an incredibly successful buy-and-hold investor as well as a house flipper and contractor. Jared’s unique strategy appeals to anyone who is looking to build a large portfolio in a short time. Today’s show is all about hustle, and doing what it takes to succeed! Whether you are 25 or 75, this interview is bound to inspire you to take massive action to find the success you desire. Stay tuned!In This Episode We Cover: How Jered bought his first property right out of high school Details on Jered’s journey to 20+ units How Jered has financed his deals The ins and outs of the flips he’s completed The importance of networking to finding properties How Jered and his team find deals The common trait that makes some landlords terrible The advantages and disadvantages of investing in real estate at a young age The power of exponential growth And SO much more! Links from the Show BiggerPockets AskBP Podcast BiggerPockets Calculators It’s a Wonderful Life How to Start Investing In Real Estate at a Young Age BiggerPockets Forums BiggerPockets Webinar Zillow Books Mentioned in this Show The E-Myth Revisited by Michael Gerber J. Scott’s The Book on Flipping Houses Investing in Real Estate by Gary Eldred Business Brilliant by Lewis Schiff Tweetable Topics: “If we can do it for others, why not do it for ourselves?” (Tweet This!) “If you wait longer in life, you’re going to have all the responsibilities that usually come later in life.” (Tweet This!) “People can find the confidence in you if you just carry yourself the right way.” (Tweet This!) “There’s gonna be times in life where I’ll know I want free time more than I do now.” (Tweet This!) “No company cares about the property as much as an owner.” (Tweet This!) “Be someone that people will lend money to.” (Tweet This!) Connect with JeredJered’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Today’s episode of the BiggerPockets Podcast is different than any other we’ve done, and probably not one to listen to with the kids in the car. Today we’re talking with Justin Escajeda, who overcame a life of crime, drugs, and homelessness to create an impressive real estate business, despite his ugly past. You’ll learn about the process Justin went through to build his empire and discover some unique ideasto help you create additional passive income in your life. Prepare to be shocked, encouraged, and motivated after listening to today’s show.In This Episode We Cover: How Justin got started in real estate investing The hard past he had to overcome His first screening experience with his duplex How he landed his first deal, a duplex in a low income neighborhood How he found his real estate partnership A discussion on seller financing The ins and outs of self storage Some of the downsides of self storage One tip for a storage unit operator Justin’s opinion on mobile homes His plans for the future And SO much more! Links from the Show BiggerPockets Meet The Super Mobile Home Investing and Getting Started With John Fedro Storage Wars BiggerPockets Forums Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki The Millionaire Next Door by Thomas J. Stanley Tweetable Topics: “The more people you network with, the greater your chance to succeed as a real estate investor.” (Tweet This!) “I try to negotiate with park owners because what’s in their benefit is my benefit too.” (Tweet This!) “It’s very difficult to do things the correct way, by the book.” (Tweet This!) Connect with Justin Justin’s BiggerPockets Profile Justin’s Company Website Justin’s Facebook Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of the BiggerPockets Podcast, we’re talking about myths. No, not about Sasquatch, elves, or the abominable snowman. We’re talking about real estate myths that might be holding YOU back from greatness! We’re excited to bring back Chris Clothier, a seasoned investor and business owner who shares stories from his own experiences to help you achieve new levels of success. Don’t miss one second of this incredibly powerful and actionable podcast!In This Episode We Cover: Who is Chris Clothier? What got him into real estate? Getting to the top 50 Home Buyers Five Real Estate Investment Myths Myth 1: Don’t work with family Myth 2: Past performance is a reliable predictor for future investments Myth 3: Investing in real estate is a big time sink Myth 4: You should only invest locally Myth 5: You should avoid risk at all cost Five specific scenarios that are risky and how Chris would handle them Learn an amazing tip when closing a deal! How not to get ripped off by a property management company And SO much more! Links from the Show BP Podcast 026: Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier RealtyTrac BP Podcast 005: Dealing with Death – A Financial Discussion with CFP Neal Frankle 20 Questions To Ask Before Hiring Rental Property Management How To Train A Property Management Company BiggerPockets Webinar BiggerPockets Forums BiggerPockets Marketplace Books Mentioned in this Show Make It BIG!: 49 Secrets for Building a Life of Extreme Success by Frank E. McKinney Scaling Up: How a Few Companies Make It…and Why the Rest Don’t (Rockefeller Habits 2.0) by Verne Harnish Start with Why: How Great Leaders Inspire Everyone to Take Action by Simon Sinek Tweetable Topics: “You don’t have a job for everyone.” (Tweet This!) “In any partnership there should be clear lines, clear boundaries, and clear respect.” (Tweet This!) “A lot of investors look to go out of area first because they don’t understand real estate.” (Tweet This!) “There maybe more risk with a lower cost investment, than higher cost investment.” (Tweet This!) “Our fear of losing money is greater than our desire to earn.” (Tweet This!) “Risk is all about assessing the good and the bad of making the decision or not making the decision.” (Tweet This!) “For investors, risk is not a bad thing.” (Tweet This!) “There is no perfect time.” (Tweet This!) Connect with Chris Chris’ Company Website Chris’ BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices