BiggerPockets Real Estate Podcast

Getting your first few real estate deals can be exceptionally tough -- which is why today we wanted to introduce you to an investor who is just wrapping up his first INCREDIBLE year as a wholesaler: Ben Grise.   During his first year, Ben earned more from wholesaling than most Americans earn from their jobs -- all while working a separate full time job, getting married, and having a baby! If you find yourself stressed, overworked and unsure of how to fit everything into your life -- this is a "can't miss" episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

Don’t miss this special feature, as we come to you live from FinCon 2014 for Podcast 90!In a BiggerPockets Podcast first, we sit down and chat live with financial conference attendees Matt Giovanisci from New Jersey, Romeo Jeremiah from Detroit and KC Beavers from Rochester, NY, three real estate investor newbies with fascinating stories and great tips for beginning investors and veterans alike! Hear from “accidental landlords” — a growing breed of property owners — firsthand, and let yourself be regaled by tales proving that first time investors CAN achieve success from the get go. A unique and high energy recording, this is one episode you’ll definitely want to tune in for!In This Show We Cover: Getting stuck with a property during the economic downtown The decision to rent by default, ie. the “Accidental Landlord” situation The art of staging a space to rent it out fast What exactly a “Streamline Refinance” entails The pros and cons of renting from afar Why finding a (trusted) property manager can be crucial The simple way to fix a garbage disposal you may not know A great first-time house flip success story How to start out with a 24-unit apartment building The concept of “Forced Appreciation” Wealth creation vs. wealth preservation The importance of thoroughly vetting tenants The ins and outs of using Real Estate to diversify your portfolio How to get a loan on a commercial property And so much more! Books Mentioned in the Show The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss The Millionaire Real Estate Investor by Gary Keller The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber Tweetable Topics “You can never learn enough about this [industry].” (Tweet This!) “Just take action, just go for it…but make sure it was a risk worth taking.” (Tweet This!) “There’s not going to be a single path for someone to take.” (Tweet This!) Connect with MattMatt’s WebsiteConnect with Romeo Romeo’s Website Romeo’s BiggerPockets Profile Connect with KC KC’s Website KC’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Looking to be inspired?Today on The BiggerPockets Podcast we sit down and chat with Engelo Rumora, a real estate investor with a fascinating story that involved dropping out of high school, playing professional soccer, and building up a massive real estate investment business across two continents! Don’t miss this incredible interview where we cover numerous topics ranging from getting started, flipping houses, networking with potential lenders, finding (and working with) mentors, running a growing business at a young age, and a lot more!In This Show We Cover: How Engelo got his start in Real Estate Investment The challenges of jumping in without formal education Valuable tips on effective networking The varied & diverse deals Engelo has made in his career so far Why he decided to move from Australia to the US Details on his first deal (and why he almost got killed because of it!) The 3 essential traits every investment partner should have How to avoid shady operators Tips on how to find the most promising properties How Engelo and his team finance their deals The keys to managing a business from a young age What he’s learned about building a brand and marketing a business Engelo’s vision for the future of his company And so much more! Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki Think and Grow Rich by Napoleon Hill How to Win Friends & Influence People by Dale Carnegie Tweetable Topics “Formal education will you earn you a living, while personal development will give you a lifestyle.” (Tweet This!) “Many people are school smart, but life-dumb.” (Tweet This!) “No matter how many times you get hit, you just got to pick yourself up and keep going.” (Tweet This!) “Passion definitely inspires passion.” (Tweet This!) Connect with Engelo Engelo’s Personal Website Engelo’s Company Website Engelo’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we’re thrilled to chat with New Jersey real estate investors Matt and Liz Faircloth on The BiggerPockets Podcast, covering everything from the challenges of working with a spouse to purchasing a 10,000 square foot office space!Matt and Liz have been hooked on real estate since buying their first single family home in 2002. After years of self education, their fair share of learning pains and a healthy dose of hard work, the couple now owns over 100 units and has accomplished around 15 fix and flips. Employing a team of 11, their mission statement is to “revitalize Urban America” and to “transform lives through real estate.” Pick up some great tips on building an empire from the bottom up, choosing the best kinds of financing and earning that all-important track record of success. It’s all here, so don’t miss out!In This Show We Cover: How Liz and Matt got their start in real estate as an engaged couple The pros and cons of working with your spouse How to successfully get organized The importance of making a business plan from the get-go The ins and outs of bookkeeping in a home business (program recommendations included!) What you stand to gain from a tax deferred exchange The thrills — and challenges — of buying a 10,000 sq. ft. office space The all-important skill of flexibility (or “learning to pivot“) How to gain wealth through commercial real estate The intricacies of private equity, private lending, forming LLCs & LLPs (and more!) Proof that you CAN see 20-40% returns with no money down How to add value to a real estate investment team without putting money up The definitive guide to finding great employees for your business Why modular homes may be your safest bet The worst rehabbing nightmare ever (involving lawsuits, water damage — and a total lack of foundation) And so much more! Books Mentioned in the Show The Lean Startup by Eric Reis Rich Dad’s Cashflow Quadrant by Robert Kiyosaki Real Estate Riches: How to Become Rich Using Your Banker’s Money by Dolf de Roos The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth by T. Harv Eker Tweetable Topics “So if the game plan goes wrong, have a B, have a C, have a D.” (Tweet This!) “Do things that you’re good at and that you enjoy…bringing your real passions to a task is key.” (Tweet This!) “Single family home, multi family home — whatever your plan is, get really good at it.” (Tweet This!) Connect with Matt & Liz Matt & Liz’ Company Website Matt’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Failure is no stranger in the real estate industry which is why we are excited to bring Nathan Brooks to The BiggerPockets Podcast today, an investor who knows firsthand that real estate can be tough!Nathan is an investor (both flips and rentals) from Kansas who went through a very difficult period during the real estate crash, losing all his properties and filing bankruptcy due to a shady partner and jumping in too quickly. Nathan has since emerged as a much stronger real estate investor and carries an incredible story with numerous lessons to share. Get ready to learn how failure can transform your life!In This Show We Cover: How Nathan found his first business partner at lunch Why Nathan bought two houses as a newbie – and lived to regret it How to find partners through BiggerPockets The opposite of paralysis by analysis How Nathan ended up filing bankruptcy  Nathan’s current (more conservative) investing strategy Dealing with tenants in a $20k property How to make a unit stand out among the competition Dealing with “Cat Ladies” and “Hoarder Houses“ How Nathan finds deals Finding mentors and lenders on Craigslist? How to find a real estate-minded attorney  And so much more! Books Mentioned in the Show The Millionaire Real Estate Investor by Gary Keller The Unofficial Guide to Real Estate Investing by Spencer Strauss and Martin Stone The Four Hour Workweek by Timothy Ferriss Unlimited Power : The New Science Of Personal Achievement by Anthony Robbins Tweetable Topics Don’t go into business with someone you don’t know. It’s just stupid. (Tweet This!) The lessons I’ve learned have made me a better investor today. (Tweet This!) There’s a deal for everyone, but this deal might not be for you. (Tweet This!) The job of a Real Estate Investor is to solve problems. (Tweet This!) Know the answers before asking the questions. (Tweet This!) Connect with Nathan Nathan’s BiggerPockets Profile Nathan’s Company Website Nathan’s BiggerPockets Blog Posts Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we sit down with Cory Binsfield, a multifamily rental property investor who comes from Duluth, MN.If you ever feel like you don’t have enough time to invest in real estate, wait until you hear Cory’s story. He currently owns and manages 97 units himself while still working a full time job. Today he teaches us how he does it and also touches on a variety of topics related to getting started, house hacking, investing in a college town, and being a master of creative finance.This show is packed full of valuable tips so make sure to grab a pen and paper for notes, and let’s get to it!In This Show We Cover… Starting out with an investment that makes your wife cry How to use a VA Loan CreativeFinance vs. Conventional Finance The ins and outs of investing in a college town The SWAT team that descended on Cory’s property Mistakes, mistakes and more mistakes! Why partnering may NOT be a good option after all How to personally manage over 97 units while working a full time job How to build a solid team that can put out the fires while you chill on a beach in Mexico Networking as a “lifestyle” Owning a frat house What to look for when buying a multifamily  Why real estate is better than other retirement options The most helpful technological aid in Cory’s business And a whole lot more! Links from the Show: Why I’m Not a Flipper-Don’t Kill the Goose! by Cory Binsfield How to “Hack” Your Housing and Get Paid to Live for Free by Brandon Turner The BiggerPockets Tour Books Mentioned in the Show: The Millionaire Real Estate Investor by Gary Keller The Shareholder Letters by Warren Buffett Tweetable Topics: “Networking is a lifestyle.” (Tweet This!) “There’s not a single path to success in real estate.” (Tweet This!) “You don’t want a “good” life, you want a “great” life.” (Tweet This!) Connect with Cory:Cory’s BiggerPocket Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we chat with Mike McKinzie, a full time real estate investor from Garden Grove, CA. Mike is an investor and former property manager who has personally dealt with over 5,000 real estate transactions, but focuses most of his attention today on using property management to invest both locally and out of state.This show explores a variety of topics related to buy and hold real estate investing and offers a significant amount of actionable information on how to set up property management, covering everything from what questions to ask, what should be expected, and a whole lot more!In This Show We Cover… Growing up in a real estate family Hybrid real estate investing The key is to success in rental properties   Getting your real estate license as an investor How to prepare yourself for future-changing markets If you’re going to invest based on appreciation, THIS is how you do it!  The importance of updating trusts… How property managers can turn into lead sources How do you vet property managers? What does a property manager do? Managing your own portfolio How neighbors will help you keep an eye on your property How to deal with HOA’s the right way! The importance of due diligence  The difference between housing classes Dealing with marijuana And a whole lot more! Links from the Show: The Ultimate Guide to Growing Your Business with BiggerPockets Keyword Alerts by Brandon Turner The BiggerPockets Keyword Alert System Books Mentioned in the Show: The Richest Man in Babylon by George S. Clason Think and Grow Rich by Napoleon Hill The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets.com Tweetable Topics: “You are the boss of your property manager…fire them if need be!” (Tweet This!) “Make friends with the neighbors of your property, and you’ll always have eyes on your property…” (Tweet This!) Connect with Mike:Mike’s BiggerPocket Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we sit with Chad Carson, a full time real estate investor from Clemson, South Carolina. Chad brings expertise in a TON of areas including everything from fix-and-flips to creative finance, property management to buy-and-hold.This show explores how to use real estate as a means to design the lifestyle you really want.There are a ton of tips and tricks in this one, so dive in!In This Show We Cover… How to get started straight out of college The benefit of having a few key buyers vs. a buyers list The key is sincerity, hunger and enthusiasm   Getting your real estate license as an investor How to prepare yourself for future-changing markets The key to networking with financial partners Direct mail tips and strategies Lifestyle design through real estate The importance of the “why” behind your business 50/50 partnerships Property managing your own portfolio Creative finance strategies Self-Directed IRA’s Using court records to look up potential tenants An awesome example of an elevator pitch The importance of protecting your lenders And a whole lot more! Links Mentioned in The Show: The BiggerPockets Member Blogs See who is looking at YOUR profile BiggerPockets Pro Memberships  Tenant Screening: The Ultimate Guide Books Mentioned in the Show: Building Wealth One House at a Time: Making it Big on Little Deals , by John Schaub The Warren Buffet Way, by Robert G. Hagstrom The 7 Habits of Highly Effective People, by Stephen R. Covey Tweetable Topics: “Sometimes growing big brings a price you might not need to pay for the lifestyle you want…” (Tweet This!) “The minute you break people’s trust is the moment you lose everything!” (Tweet This!) Connect with Chad’s:Chad’s BiggerPocket Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we are excited to sit down with Marcia Maynard, a hands-on landlord who hails from Vancouver, Washington.Marcia got her start in real estate by marrying into “the family business” that already had an existing portfolio, but continued on the tradition to help fund her own future retirement. On today’s show, she goes into detail on how you can invest part-time for retirement while making a HUGE impact on the community in the process!This show covers the importance of integrity in a landlord’s life and is filled with actionable tips for dealing with tenants in an ethical – yet profitable – way. This is a great show, let’s get into it!In This Show We Cover… How to invest with family The importance of setting up your business structure and what happens when you don’t! Insurance – Do you need an umbrella policy? The awesome path of buying rental properties slowly Personal Finance 101 How to love your job and invest in real estate on the side The benefits of a mission statement The importance of coaching your tenants to have more integrity How to handle conflicts with tenants An awesome alternative to evictions!  The importance of a calling up prior landlords Red flags of bad tenants, Actionable items for vetting tenants over the phone Using court records to look up potential tenants And a whole lot more! Links Mentioned in The Show: The NYC Real Estate Investor Meetup with Brandon BiggerPockets Keyword Alerts Marcia’s exact Tenant Screening Interview questions A Slow, Boring, Incredibly Awesome Strategy for Building Wealth Through Passive Real Estate Investing by Brandon Turner Padmapper.com Books Mentioned in the Show: Landlording by Leigh Robinson Your Best Year Yet by Jinny S. Ditzler Tweetable Topics: “Start with a dream, make goals, take action, then reflect and improve…” (Tweet This!) “Landlording is like a game of chess.” (Tweet This!) Connect with Marcia’s:Marcia’s BiggerPocket Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we are excited to sit down with David Krulac, a real estate renaissance man who has experience in nearly every aspect of the industry, being involved in over 800 deals in his career.In today’s show we cover everything from prospecting tenants, how to buy at auctions, sub-dividing land, tax deeds and much, much more!In This Show We Cover… Purchasing houses from auctions How David’s first deal lead to him living rent and mortgage free for 6 months  The importance of working with Credit Unions Dealing with probates  Month-to-month leases vs annual leases 1031 Exchanges The ins and outs of subdividing land Tax deeds vs. tax liens The importance of an epic business card How to go from o to 800 deals An example of a super risky deal! What to watch out for when you go to buy at auctions What to look for in a potential tenant And a TON more! Links Mentioned in the Show: The BiggerPockets Fileplace The BiggerPockets Rewind Books Mentioned in the Show: How to Turn $1,000 into a 5 Million by William Nickerson Landlording  by Leigh Robinson Buy and Hold by David Schumacher Millionaire Next Door by Thomas J. Stanley How I Started with Nothing and Made 12 Million in Real Estate Part-Time by David Krulac Connect with David: David’s BiggerPocket Profile David’s Website: CentralPennLots.com Learn more about your ad choices. Visit megaphone.fm/adchoices