BiggerPockets Real Estate Podcast

Have you ever struggled to get to the next level with your real estate investing?On today’s episode of the BiggerPockets Podcast, we sit down with real estate wholesaler and self-proclaimed “struggling investor” Scott Costello. In this riveting interview, you’ll learn why real estate investing is never as easy as it might appear and how to overcome the struggles that everyone faces to find success. Listen for awesome tips on how to break into the real estate industry, advice on getting into wholesaling, and how to motivate yourself amidst the everyday struggles investors face.If you’re looking for some great motivation and useful tips, don’t miss this inspiring interview!In This Show We Cover: How Scott got started in real estate thanks to a book What took him so long to get his beginning How he used wholesaling to get his foot in the door Why personality matters in deciding what path to take in your investing General advice for wholesalers The ins and outs of starting real estate with a full time job How to find a partner to invest with Scott’s method of targeting absentee owners from tax records What keeps him going as an investor The everyday struggles real estate professionals face Things Scott would have done better if he could do it again The importance of establishing a website The best and worst deals Scott has ever done Tips on using the Internet to market your next wholesale deal And MUCH more! Links From the Show: BiggerPockets Webinar Blogmutt.com BiggerPockets Marketplace BiggerPockets Plus and Pro Accounts Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down How to Win Friends & Influence People by Dale Carnegie Connect with Scott Scott’s BiggerPockets Profile Scott’s Business Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever wonder what real estate investing looks like from a real estate agent’s perspective?On today’s episode of the BiggerPockets Podcast, we sit down with Dawn Brenengen, a real estate agent-turned-landlord and discuss how she made the transition into the investing world, as well as her tricks and tips for success as a landlord. Along with important insight into the real estate licensing process, Dawn covers property management, house hacking, and a whole lot more! Listen for advice on finding a great property, handling everyday rental issues and finding that elusive “ideal” tenant. And in case you were wondering when it’s appropriate to bend the “2% Rule” — this episode explores that, too!Whether you have experience as a real estate agent or not, don’t miss this inspiring show!In This Show We Cover: How Dawn got started in real estate Thoughts on being a licensed real estate agent The qualities that make a successful agent A real estate agent’s perspective on what investors are looking for The 2% rule — and how to know when to bend it Importance characteristics of a great property The process of “house hacking“ What you need to know about property management How to handle tenant issues with grace The process of qualifying tenants Different perspectives on owning a home The ins and outs of establishing relationships with property managers The pros and cons of self management versus hiring the job out Tenant red flags and finding the ideal tenant Plus MUCH more! Links From the Show: The Real Estate Agent’s Ultimate Guide to Working with Investors Brandon’s article on House Hacking Podcast Episode with Chris Clothier BP Podcast Show 100 Resident Research List Hub Zillow Trulia CraigsList BiggerPockets Forum ActiveRain Be a Guest on the Podcast Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki Lean In: Women, Work, and the Will to Lead by Sheryl Sandberg I Shouldn’t Be Telling You This by Kate White Connect with Dawn Dawn’s BiggerPockets Profile Dawn’s Facebook Dawn’s LinkedIn Dawn’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

For the 100th episode of the BiggerPockets Podcast, we bring you the interview that you’ve been asking for since the beginning: the story of Joshua Dorkin, CEO of BiggerPockets and host of the BiggerPockets Podcast.Learn about Josh’s journey from real estate investing newbie to BiggerPockets founder — and all of the obstacles he had to overcome along the way. Get insider information on topics from starting your own business to property management and HOAs. And leave inspired to tackle your own hurdles and get your real estate endeavors off the ground!For BiggerPockets fans old and new, this is an instant BiggerPockets Podcast classic you won’t want to miss. Get ready to learn more about the man behind the BiggerPockets curtains!In This Show We Cover: How Josh got started in Real Estate The ins and outs of beginning your own business Thoughts on getting your real estate agent’s license How to get into Real Estate without any prior knowledge about it The importance of properly assessing a property What you need to know about HOAs Josh’s thoughts on appreciation Lessons regarding investing from a distance How BiggerPockets got its start Why BiggerPockets is hard on real estate gurus Why you should be authentic when using BiggerPockets The importance of building relationships online And MUCH more! Links From the Show: Brandon Turner’s Book on Amazon BiggerPockets Files BP’s Ultimate Beginner’s Guide to Real Estate Investing BiggerPockets Keyword Alerts BiggerPockets Marketplace BiggerPockets Plus and Pro Accounts BiggerPockets Support Should I Get My Real Estate License? An Investor’s Examination of Benefits & Costs by Mindy Jensen (The blog post Josh referred to!) SNL Appearance Books Mentioned in the Show Four Hour Workweek by Timothy Ferriss Rich Dad Poor Dad by Robert Kiyosaki The Richest Man in Babylon by George S. Clason Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down Rework: Change The Way You Work Forever by Jason Fried & David Heinemeier Hansson The CEO Code by David Rohlander Connect with Josh Josh’s BiggerPockets Profile Josh’s Twitter Josh’s Facebook Josh’s LinkedIn Josh’s GooglePlus Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we’re excited to bring you another “newbie podcast” with 3 new real estate investors who are excited to share with you the story of their very first real estate deal! This episode we are talking with three investors who share a common trait: they all have a deep understanding of personal finance and it’s role in the real estate investing space and write about it online!Today you’ll hear from Scott Trench, Lauren Bowling, and Philip Taylor as they share how they found their first deal, financed it, manage it, and more. We cover everything from house hacking to creative finance, dealing with fear, and numerous other topics so, without further suspense, let’s get to the show!In This Show We Cover: How to find deals in a hot market Finding and working with a great agent Down payments: how much is really needed? Three different “house hacking” methods (one from each guest!) Using government programs to finance properties Wrapping repairs into the loan and creating immediate equity The one rule you need when renting to family or friends How to thrive when your home is worth less than you paid for it Doing your own work vs. hiring it out How to cash flow your property and save on taxes at the same time The #1 personal finance tip from each guest Plus MUCH more! Links From The Show: BiggerPockets Ad Sales Confessions of an Ex-Banker: How to Get Your Next Loan Approved, Guaranteed. Books Mentioned in the Show Four Hour Workweek by Timothy Ferriss Rich Dad Poor Dad by Robert Kiyosaki The Richest Man in Babylon by George S. Clason The Millionaire Next Door by Thomas J. Stanley The Millionaire Real Estate Investor by Gary Keller Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down BiggerPockets’ Ultimate Beginner’s Guide to Real Estate Investing Overwhelmed: Work, Love, and Play When No One Has the Time by Brigid Schulte The Skinny on Real Estate Investing: An Introduction to the Subject by Jim Randel The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime by MJ DeMarco Connect with ScottScott’s BiggerPockets ProfileConnect with Lauren Lauren’s Blog – LBeeAndTheMoneyTree.com Lauren’s Twitter Lauren’s Instagram Awkward Money Chat Connect with Philip Philip’s Blog – PTMoney.com Philip’s Blog detailed post about his cash flow report on his rental Philip’s Twitter FinconExpo Learn more about your ad choices. Visit megaphone.fm/adchoices

What does it take to buy, sell, and broker over $1,000,000,000 in real estate?That’s what you’ll discover in today’s podcast episode when we sit down with Allan Glass, a real estate entrepreneur from sunny Southern California. In this hour long interview, you’ll learn how Allan used his skills as a commercial real estate broker to build his own portfolio and “piece together” deals that are truly “win-win-wins.”If you are looking to take your business to a whole new level, don’t miss this show!In This Show We Cover: How Allan got started as a commercial broker in LA Thoughts on obtaining a Real Estate Finance Degree How Allan was able to profit despite getting started in the worst time to have career in real estate The two “book ends” Allan looks for to decide where to invest. How Allan shifted from an employee to starting his own business in the restaurant industry Why you should always have a backup plan The importance of continuing education and taking up a Masters in Real Estate Development Why functional obsolescence is vitally important to an investor How Allan manage to invest in numerous different property types How to add value to real estate and profit from it How Allan finds deals in any market. Allan’s ‘secret sauce’ of real estate investing Mistakes real estate investors make (including Allan) And lots more! Links From the Show Loopnet Costar Books Mentioned in the Show Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down The Reluctant Metropolis: The Politics of Urban Growth in Los Angeles by William Fulton Lucky Or Smart?: Fifty Pages for the First-Time Entrepreneur by Bo Peabody Connect with Allan Allan’s BiggerPockets Profile Allan’s Website Allan’s Facebook Allan’s LinkedIn Allan’s Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices

Itching to quit your 9 to 5 to become a full time investor, but don’t know how to get there? This week, we sit down with an investor who has done just that — despite obstacles that could have discouraged his plans had he not been persistent and kept an eye on his end goal.Listen as Kyle Pettit shares with the BiggerPockets Podcast his story of breaking into the rental and wholesaling sides of the real estate industry, including tips on screening tenants, expanding your marketing reach and tackling the challenges that come with working from home. If you’re struggling to make your mark in world of real estate and wondering when that pivotal point of becoming a full time investor will ever happen, this is the motivation you’ve been waiting for.Newbies and experienced investors alike, don’t miss out on this informative, entertaining episode!In This Show We Cover: Details on Kyle’s first deals The ins and outs of an REO deal  What you need to know about hard money lenders The importance of building relationships early on How to be persistent despite setbacks on a wholesaling deal Important information about lease options How to find a good company for screening tenants Getting started with postcards and yellow letter campaigns Why you should always background check the people you work with How to handle phone calls through a virtual phone system Quitting your day job to focus on real estate Tips on finding and handling sellers The keys to expanding your real estate marketing What you should expect being a full time real estate investor Managing distractions and working at home And lots more! Links From the Show BiggerPockets Webinar RealtyShares Hard Money Lenders MySmartMove FreedomVoice Books Mentioned in the Show Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down Making Big Money Investing in Foreclosures: Without Cash or Credit by Peter Conti and David Finkel How to Win Friends & Influence People by Dale Carnegie Rich Dad’s Guide to Investing by Robert Kiyosaki Connect with Kyle Kyle’s BiggerPockets Profile Kyle’s Website Kyle’s Facebook Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investing isn’t always about the speed of the chase – sometimes patience is key and the amount of deals you close might not be as important as the quality of each deal.If you’d like to hone your deal-finding skills and knowledge of your local market, don’t miss out on this BiggerPockets Podcast episode, where we sit down with Anson Young to discuss the art of unearthing great deals, which properties are the best to flip, and how to handle a hot real estate market.Anson got started in the real estate world back in 2004, when he moved to Arizona and bought his first house. A year later, he sold the property and moved back to Denver with his first big check, and he has been in the Colorado real estate game ever since. Exploring many sides of real estate investing, he’s found a niche in the wholesaling market and continues to grow his network and expertise of the local real estate environment.If you want to hear more about the many forms of real estate investing and how to break into your local market, be sure to check out this episode!In This Show We Cover: The key to being a good wholesale buyer The ins and outs of ARV and what it means to the real estate market Where the best areas are to purchase based upon neighborhood location How to understand localized real estate The dos and ds of co-wholesaling The differences between flipping and rehabbing How to target your best buying audience Whether you should use pre-foreclosure lists or not Who the best people to invest with are The most efficient way to find a private lender Whether a BPO is the way to go When you should make a package sample deal How to attract financiers when you are new to real estate Which types of properties make the best house flips And lots more! Links From the Show The BiggerPockets Forums BiggerPockets Calculator BiggerPockets Blog Books Mentioned in the Show? The Book on Flipping Houses by J. Scott Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down The TenX Rule: The Only Difference Between Success and Failure by Rabbi Grant Cardone The Effective Executive by Peter Drucker Connect with Anson Anson’s BiggerPockets Profile Anson’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

If nothing else, investing in real estate is an adventure, as well as an ever-evolving learning process, where you can alter your focus to align with the needs of yourself, your clients, and your family. This week on The BiggerPockets Podcast, we’ll learn all about what it takes to branch out in your real estate investing endeavors with our guest Curt Bidwell. Curt’s first real estate opportunity arose while he was working as a pastor, when a few good friends asked if he wanted to partner with them on a local fourplex. Since then, he’s acquired quite a portfolio of real estate, including sixplexes, duplexes, new construction, single family homes, townhomes, and mixed properties. He’s done it all — and now he’s even gotten his kids involved! Listen for interesting tips on how to creatively invest, the best ways to find good tenants, as well as how to encourage your kids to get interested in finances and real estate along the way.In This Show We Cover: What makes a good partnership How to get started with mixed rental properties Ways to keep your children motivated and setting goals Where to find the best commercial locations to increase your real estate value The positives of renting out large family homes How to choose whether you should have in-house management for your multi-unit rentals Methods to teach your children to be financially wise The best ways to go about obtaining lines of credit for your properties Ways to creatively invest and finance your rentals What exactly a 1031 exchange is Helpful tips to finding a good location manager How to work with local commercial lenders Best ways to screen your tenants And lots more! Links From the Show BiggerPockets Success Stories The BiggerPockets Forums Books Mentioned in the Show  Rich Dad Poor Dad by Robert Kiyosaki Gary Keller’s The Millionaire Real Estate Investor Thou Shall Prosper: Ten Commandments for Making Money by Rabbi Daniel Lapin The Effective Executive by Peter Drucker Connect with CurtCurt’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Starting out in the world of house flipping and landlording can be taxing and a lot to take on at first, but it’s all a learning experience, which is why we want you to get to know a master at both, Michael Siekerka. Michael’s first real estate investing experience was just six months after he graduated college, when he occupied his first purchase by doing a fix and flip. After years of rehabbing properties by partnering with friends for quick income, he eventually found his niche in buy and hold properties. In this informative episode, Michael shares with us how he manages his properties, the criteria he uses to find new places to rent out and the methods he follows to work successfully with hard money lenders and agents to boost his revenue. This is a show to hear if you’re in the market for success!In This Show We Cover: How to partner with friends correctly How to go from a fix and flip business plan to buy and hold properties Learning to finance correctly The dangers of using hard money lenders The pros of working with a real estate agent How to handle a basement leak — after the property is on the market Collaborating with commercial lenders Why working a job AND investing can be an ideal setup Making sure you have a Plan B The positives of working with a showing agent How his focuses have changed since his first purchase Importance of vetting tenants Why you should get references for prospective property managers And lots more! Links from the Show Hotpads Postlets BiggerPockets.com/analysis  The BiggerPockets Forums Online Rent Pay Tools Mike Recommends Intuit Google Wallet Chase QuickPay Books Mentioned in the Show  Commercial Mortgages 101 by Michael Rinehart Tim Ferriss’s The Four Hour Work Week Connect with Mike Mike’s Website Mike’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Many people take their time in building their real estate investing… but not today’s guest, who has used his incredible marketing skills to do more than 400 deals in the past five years!Erik Stark got his start after he had been flipping cars out of high school and wanted to move on to bigger, better things. Since then, Erik has tried his hand at wholesaling, as well as purchasing single family homes, commercial property, bulk estates, multi-family homes, and more — by his estimation, closing over 400 deals. Learn how he implements creative, eye-catching marketing techniques we can (almost) guarantee you’ve never heard of, as well as how he chooses which types of investments to make within his market.Erik’s business philosophy of adding value to others’ lives through his deals will leave you inspired, and his many unique tips will have you reaching outside the box for innovative ways to grow your business. Don’t miss out on this information-packed episode!In This Episode We Cover: How Erik got his start by flipping cars near Detroit Why embracing networking as a lifestyle can be life-changing The importance of focusing on a well-executed marketing plan How buying a house in a C-Class neighborhood can help finance a house in an A-Class neighborhood (see: napkin sketch below) The benefits of doing business in a market you know How to decide your focus within the real estate market What exactly a “swipe file” of competitors is and how it can help YOU An innovative way to execute direct mail when you don’t have the money What to look for in a partnership The genius marketing technique known as the “drunk letter“ The importance of loving what you do and waking up inspired And LOTS more! Links from the ShowThe Book on Investing in Real Estate with No (and Low) Money Down by Brandon TurnerBooks Mentioned in the Show Don’t Get Voted Off Real Estate Island by Mike Cantu (not on Amazon) Principles of Marketing by Theodore N., Maynard, & Davidson, William Beckman Real Estate Rewind – BiggerPockets Community Book Connect with Erik Erik’s BiggerPockets Profile Erik’s Facebook Learn more about your ad choices. Visit megaphone.fm/adchoices