BiggerPockets Real Estate Podcast

Get ready for another incredible episode of the BiggerPockets Podcast! On today’s show we talk with real estate investor and property manager Mark Updegraff about buying homes from little old ladies, managing tenants with less stress — and who has the bigger beard: Brandon or Mark.If you want to learn about developing a buying criteria, how to get great leads through BiggerPockets, the “extra step” you should most definitely take while screening tenants, and a whole lot more, then don’t miss out on this entertaining show!In This Episode We Cover: What everyone should know about growing beards How Mark got started in real estate How to find a 100 percent value neighborhood Perspectives on Section 8 and slumlords The “extra step” you should perform during tenant screening Lessons learned from Mark’s very own property management business Clever methods for finding deals How Mark get leads through BiggerPockets Mark’s take on real estate agents How to develop a solid buying criteria Thoughts on get-rich-quick schemes when it comes to real estate And SO much more! Links from the Show: Trivia Email 100 Day Challenge BiggerPockets Webinar Replay (Pro benefit) BiggerPockets Plus and Pro Accounts Cheesy Eddie’s Zillow Trulia BiggerPockets Podcast Show 83 with Marcia Maynard BiggerPockets Forums BiggerPockets Meet Google Drive BiggerPockets Podcast Show 111 BiggerPockets Webinar BiggerPocket’s The Book on Investing in Real Estate with No (and Low) Money Down Books Mentioned in this Show How We Bought a 24-Unit Apartment Building for (Almost) No Money Down: A BiggerPockets QuickTip Book The 10X Rule: The Only Difference Between Success and Failure by Grant Cardone The Book on Flipping Houses by Mr. J Scott The Fountainhead by Ayn Rand The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters by Gregory Zuckerman Tweetable Topics: “We go through our policies up front so they know that we take our business seriously.” Share on Twitter “I’m not trying to sell people things that I don’t agree with.” Share on Twitter “The secret to why I’ve been so successful is that I don’t screw around.” Share on Twitter “The first person to establish a relationship to the other agent has an upper hand when it comes to closing the deal.” Share on Twitter “Your net worth is in your network.” Share on Twitter Connect with Mark Mark’s Website Mark’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investor Jefferson Lilly shares valuable insights on investing in mobile home parks. Topics include value investing, Warren Buffet's influence, views on mobile homes, cap rates, LLCs, raising funds, park management, and more. Discover why mobile home parks can be a lucrative investment opportunity worth considering.

Everyone knows rental properties can be a great way to build wealth — but they also generally come with significant hassle and stress. However, today on the BiggerPockets Podcast we sit down and talk with Glenn McCrorey, an investor who discovered a unique and powerful real estate niche that makes his landlording almost completely hassle-free!Learn insight on renting to family and friends, tips on how NOT to waste your time worrying about your rentals, and ways to lessen the inconveniences that come with managing property. If you value your time but still want to invest in rentals — then don’t miss out on this unique episode!In This Episode We Cover: How Glenn got started on his first property What you need to know about renting to family and friends The ins and outs of special assessments Insight on the condo experience Reasons why Glenn and Brandon hold properties that aren’t earning What the “hassle factor” is and how you can manage it The secrets behind owning worry-free rentals How to “live the dream” as a landlord And SO much more! Links from the Show: Trivia Email BiggerPocket’s The Book on Investing in Real Estate with No (and Low) Money Down REO Wells Fargo BiggerPockets’ List of REOs BiggerPockets’ Forums: What kind of car do you drive? BiggerPockets’ Podcast Show 109 BiggerPockets’ Webinar Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson The Goal: A Process of Ongoing Improvement by Eliyahu M. Goldratt Tweetable Topics:“Even if you invest with creative measures, you should need to have some sort of reserve.” Share on Twitter Connect with GlennGlenn’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

No one wants to get sued, but if you plan to build a real estate empire, the question is not so much “if” but “when.” However, we here at BiggerPockets have your back, so today we are bringing on Scott Smith, an incredibly smart and funny asset protection attorney from the great state of Texas! Scott shares with us a variety of tools and tactics you can use in your real estate business to protect yourself from losing the wealth you are working so hard to create.Be prepared to learn new tips you’ve probably never heard before regarding umbrella policies, building your real estate team, LLCs, trust funds and more. Don’t miss out on this information-packed episode!In This Episode We Cover: Forming an LLC right off the bat The ins and outs of Insurance vs. Assets Ten things you need to know to protect your assets What exactly an Umbrella Policy is and why it might not do what you think it will Why you shouldn’t put all your properties under one name What you should know about the Delaware Statutory Trust Scott’s advanced strategies for real estate investors Everything you need to know about LLCs vs. Trust Funds Who you need as part of your team when investing And SO much more. Links from the Show: BiggerPockets Webinar BiggerPockets Wholesaling Calculator Trivia Email 10 Ways to Protect Your Assets — This document was prepared by Scott Smith to accompany this podcast presentation. BiggerPockets Podcast Show 105 with Neal Frankle BiggerPockets’ Investing in Real Estate with No Money Down Books Mentioned in this Show The 4-Hour Workweek by Timothy Ferriss Rich Dad Poor Dad by Robert Kiyosaki Tweetable Topics: “Rich people don’t own things, rich people control things.” Share on Twitter “You don’t really have any friends once you start getting sued.” Share on Twitter Connect with Scott Scott’s BiggerPockets Profile Scott’s Email Address Learn more about your ad choices. Visit megaphone.fm/adchoices

Prepare to laugh, groan, and be inspired.On today’s episode of the BiggerPockets Podcast, we sit down with bestselling author, TV pundit, and massively-successful real estate investor Grant Cardone. In one of the most motivating, humorous, inspiring — and inappropriate — podcasts of all 108 shows, you’ll be captivated by Grant’s candor and viewpoints on everything from getting a college education to investing in liberal cities to his definition of success. You’ll also learn how Grant has used the principles outlined in his book, The 10X Rule, to grow his real estate portfolio to a value of $350,000,000. Yes, that’s $350 MILLION dollars.You are going to love this one.In This Episode We Cover: Grant’s apology to the BiggerPockets Audience… Why Grant has NEVER written a business plan Why Grant chooses to put his money into real estate How Grant analyzes properties to make sure he always makes money Grant’s morning and evening routine to keep him motivated How Grant finds deals in today’s market Why Grant doesn’t advise investing in single family homes The easiest property type today to get a loan on Why Grant invests in democrat/liberal areas The truth about getting picked on, talked about, and made fun of The brilliant method Grant used to get a 1000+ unit property although he was outbid by 38 different people The unique definition of success to Grant Why aren’t more people doing real estate? How YOU can become a part owner in Grant’s business And SO much more. Links from the Show: The Top 5 Business Books that Changed My Life in 2014 Hendricks and Partners – Apartment research website Books Mentioned in this Show The 10x Rule by Grant Cardone Sell or Be Sold by Grant Cardone The ABCs of Real Estate Investing by Ken McElroy The 10X Day Planner The Secret by Rhonda Byrne Think and Grow Rich by Napoleon Hill The Greatest Salesman in the World by Og Mandino The Problems of Work by L. Ron Hubbard Tweetable Topics: “People are settling for their reality rather than working to their full potential.” (Tweet This!) “While you are writing your business plan, I’m in the marketplace building customers.” (Tweet This!) “Success is my duty, my responsibility, and my obligation.” (Tweet This!) “I buy existing properties that are already producing revenue- and then I do my magic with them.” (Tweet This!) “Focus on what you want, every day.” (Tweet This!) “Real estate is definitely a timing thing.” (Tweet This!) “I don’t believe in diversification…Find the right vehicle and go all-in.” (Tweet This!) “If you don’t know you made money on the day you bought it, that was a bad deal.” (Tweet This!) “Whatever you are criticizing, it’s your problem not their problem.” (Tweet This!) “If people don’t know who you are, you aren’t buying their property.” (Tweet This!) “Every time I get money, I go broke again because I shove it into this real estate thing.” (Tweet This!) “We are a renter-nation.” (Tweet This!) “If you could get half the US population to hate you – you could be the President.” (Tweet This!) “Success is the difference between my reality and my potential.” (Tweet This!) “I’m not interested in ‘happy.’ I’m interested in ‘meaning.'” (Tweet This!) “You’re going to have problems, what kind of problems do you want? I want big problems.” (Tweet This!) Connect with Grant Grant’s Website Grant’s Real Estate Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Many new investors lose money on their first, second, and third deal. There is a steep learning curve when trying to invest in real estate and, while the loss is painful, it’s very common. However, not for today’s guest. Today we sit down with Jonathan Makovsky, a new investor from the tri-state area who had incredible success right out of the gate!If you are a new investor trying to find the right way to get started or if you’ve been investing for years but want to improve your game – don’t miss this impressive interview with Jonathan!In This Show We Cover: How Jonathan got started with a push from mom Tips on taking advice to best push your business forward Exactly how many houses Jonathan looked at per day in search of a deal The benefits of having a real estate license The lessons to be learned by failing on your first deals How to use direct mail for marketing The details of Jonathan’s first property, purchased for $150,000 How to find a partner through BiggerPockets What exactly “racer math” is The pros and cons of letters and postcards Jonathan’s experiences with office building How to make a partnership work Tips on using BiggerPockets as a tool for success Plus MUCH more! Links From the Show: BiggerPockets’ Plus and Pro BiggerPockets’ Wholesaling Calculator BiggerPockets’ Podcast Show 106 BiggerPockets’ Podcast Show 92 7 Years to 7 Figure Wealth BiggerPocket’s Events and Happenings Forbes The Wall Street Journal Books Mentioned in the Show The Book on Flipping Houses by Mr. J Scott Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli How to Win Friends & Influence People by Dale Carnegie Connect with JonathanJonathan’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Is it possible to build a large real estate business without the use of banks? Our guest today, Mike Sumsky, shows us that it’s not only possible – but can be incredibly beneficial! Mike has done well over 100 deals in the past several years using a variety of creative finance methods and shows you how you can do the same.Listen for great tips on obtaining private money, finding deals by knocking on doors, and other innovative strategies for building your real estate business. Whether you want to overcome a lack of funding or you just want to explore creative ways to raise capital, this is an episode you don’t want to miss!In This Show We Cover: Mike’s thoughts on creative real estate investing How he got his first properties Investing while losing a job The beauty of taking action without knowing everything yet How to get your first deal from knocking on doors The anatomy of a short sale Tips on applying for a bank loan How to learn while doing Closing on a house with less than 5 thousand dollars What “Subject To” type deals are Everything you need to know about private money How to become “the prize” in each transaction Plus MUCH more! Links From the Show: BiggerPockets’ Trivia (email) BP Podcast Show 105 Video of the flood with Brandon And another video BiggerPockets’ List of Real Estate Meet ups CreditKarma BiggerPockets Forums Buildium Books Mentioned in the Show Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down Think and Grow Rich by Napoleon Hill Pitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal by Oren Klaff Landlording on Auto-Pilot by Mike Butler The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber Work the System by Sam Carpenter Connect with Mike Mikes’s BiggerPockets Profile Mike’s Blog Learn more about your ad choices. Visit megaphone.fm/adchoices

Prepare to be inspired and motivated after listening to today’s episode of the BiggerPockets Podcast! In this program we sit down with Ophelia Nicholson, a house flipper from the Maryland area who got started with real estate while working a minimum wage job. You’ll learn how she broke out of that life and was able to quit her job to become a full time, successful house flipper, working on multiple properties at once!Listen for insightful tips on applying for a loan, learning to be a landlord, partnering with family members and quitting your job for real estate. If you’re wondering whether it’s possible to make your investing dreams come true, don’t miss out on this episode — it’ll give you great insight into how you CAN make it happen!In This Show We Cover: How Ophelia got started investing The story of her “first small house“ How to buy a house on a minimum wage salary Tips on applying for a loan The experience of becoming an accidental landlord What to do if you’re sued by your renter Lessons about starting out as a landlord Ophelia’s on and off relationship with real estate The pros and cons of partnering with family How to put 15 properties under contract in 30 days Quitting your job for real estate Thoughts on women getting into real estate investing Plus MUCH more! Links From the Show: BiggerPockets’ Trivia (email) BP Podcast Show 104 BiggerPocket’s Real Estate Analysis Software BiggerPockets’ List of Hard Money Lenders BiggerPocket’s Flipping Book Books Mentioned in the Show The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties by J. Scott Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down The 10X Rule: The Only Difference Between Success and Failure by Grant Cardone The Trick to Money Is Having Some by Stuart Wilde Connect with OpheliaOphelia’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investing has the power to change your life. Today on the BiggerPockets Podcast, we chat with an investor who’s tried his hand at everything from house flipping to new construction — and much more! Our guest Todd Whiddon shares with us how he is building a massively successful business while still making big plans to achieve the life of his dreams. Listen for tips on how Todd has handled failure and come out the other side stronger for it, as well as his input on successfully building a solid team and managing a business.Whatever avenue of real estate investing you’re focusing on, don’t miss out on this episode! It’s sure to leave you inspired and motivated to take your investing to exciting new places.In This Show We Cover: How Todd got started in real estate after the collapse of this multimillion dollar company. The story of his “two starts” in real estate Flipping property after the crash The ins and outs of Todd’s “live and flip” strategy Why you might want to run a real estate business like a cabinet business Tips for building a top notch team How to successfully manage a business Problems Todd has faced in his real estate career The huge flooring mistake Todd made when he started flipping houses The details of how tax sales work Lessons on performing due diligence on a property How to transact a business the right way Plus MUCH more! Links From the Show: BiggerPockets’ Files Diary of a New Construction Project Global Leadership Organization BiggerPocket’s Flipping Book BiggerPocket’s Support (email) Diary of a POP TOP Second Story Addition Project – Todd’s Amazin BP Forum Thread Books Mentioned in the Show The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties by J. Scott The 4-Hour Workweek by Timothy Ferriss The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber Getting Things Done: The Art of Stress-Free Productivity by David Allen Connect with Todd Todd’s BiggerPockets Profile Todd’s LinkedIn Profile  Learn more about your ad choices. Visit megaphone.fm/adchoices

Is it possible to invest in real estate at a distance — successfully?While many might say “no,” today on the BiggerPockets Podcast we bring you Elizabeth Colegrove, who is working on securing her and her husband’s retirement by investing in one home at a time, largely from a distance. Learn the ins and outs of long distance property management and what to look for when deciding on properties to invest in.From “house hacking” to 1031 exchanges to long distance investing and more, this show is packed with wisdom (and debates) that are bound to inspire you to move your business forward, no matter where you live and where you invest.In This Show We Cover: How Elizabeth got started in real estate How she was introduced to real estate when she was young Discussions about 1031 deals Some tips on getting VA loans Tips for new investors in looking for a property How to successfully use short sales Self managing from a distance What type of properties she buys How she handles costs and how she calculates them Her future real estate goals A perspective on appreciation Plus MUCH more! Links From the Show: BiggerPockets’ Plus and Pro  BiggerPocket’s Short Sale Definitive Guide The Short Sale Process Elizabeth’s post on Short Sales Books Mentioned in the ShowNOLO Legal BooksConnect with Elizabeth Elizabeth’s BiggerPockets Profile Elizabeth’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices