BiggerPockets Real Estate Podcast

Today we are pumped to bring you one of the most exciting conversations yet on the BiggerPockets Podcast when we sit down with Serge Shukhat, a real estate investor from the Arizona area who is absolutely crushing it in real estate. Serge started with no rental properties just four years ago but has quickly built up a sizable portfolio with a mix of both single family and multifamily properties using creative finance methods and using the cash flow to quit his job.On this show we cover everything from getting started, choosing single family versus multifamily, tricks for dealing with tenants, increasing the value of your properties, and a ton more. This is definitely a show you’ll want to take some notes, so get ready to have your mind blown!In This Show, We Cover: How Serge got started while working full time How an Umbrella Policy can reduce your risk Landlord responsibilities vs. tenant responsibilities What kind of legal entity Serge uses Overcoming bad deals by “Doubling Down” How a competitive advantage can transform your business Working with real estate agents vs. getting your license Serge’s unique apartment that he’s bought and sold 4 times Hiring a resident manager to help reduce the load How to increase the value of your property by hundreds of thousands of dollars (OMG) And a lot more!  Links from the Show BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager Newbies Take Note: Why You Shouldn’t Buy Houses for $30,000 by Ben Leybovich HomePath.com/ Buildium.com Books Mentioned in the Show Landlording on Auto-Pilot by Mike Butler The Real Book of Real Estate by Robert T. Kiyosaki Good to Great by Jim Collins The 7 Habits of Highly Effective People by Stephen Covey Tweetable Topics “Real estate never works out how you thought it would when you bought it in paper.” (Tweet This!) “I don’t want to work till I’m 65, sick, or corporate downsized.” (Tweet This!) “My biggest risk was not losing my job- it was not buying enough real estate.” (Tweet This!) “You can go broke buying good deals.” (Tweet This!) “Population, income, and jobs drive real estate.” (Tweet This!) “It doesn’t matter if the first deal is bad… at least you learned.” (Tweet This!) Take what the market gives you and be quick to pivot. (Tweet This!) Connect with PaulSerge’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Most of the guests we’ve had on the BiggerPockets Podcast have specialized in one niche of real estate.However, not all real estate investors focus on just one field.Today we want to shake things up a bit and introduce you to a relatively new investor who took 10 years to get his first deal… but has been on fire ever since engaging in numerous different real estate niches and crushing it in his business. Paul Tschetter, an investor from Washington State, shares his diversified real estate strategies and explains how we went from nothing to over a dozen deals in the past several years. From manufactured homes to vacation rentals, commercial, and more- there are an unbelievable amount of great actionable tips in today’s show. Definitely don’t miss a second of this motivation and insightful conversation!In This Show, We Cover: Getting started by working a job in real estate  Why Paul started investing with a free manufactured home How much Paul pays for handymen How to get infinite returns with your investments Using Hard Money to invest in real estate Working with partners to invest Attracting private money Working with multiple exit strategies to minimize risk How to invest when you live in a big area Paul’s vacation rental on “Useless Bay” Tips for getting your first deal The worst financial advice Paul has ever heard And a lot more!  Links from the Show How I Found, Analyzed, and Bought an Ugly Purple Rental Property by Brandon Turner Redfin.com VRBO Books Mentioned in the Show The ABCs of Real Estate by Ken McElroy Think and Grow Rich by Napoleon Hill Tweetable Topics “As an investor, you need to be extremely disciplined.” (Tweet This!) “Different locations are good for different investment strategies.” (Tweet This!) “At some point – you have to just pull the trigger and just jump in and do it.” (Tweet This!) Connect with Paul Paul’s BiggerPockets Profile  Paul’s Website http://www.KingdomEG.com Learn more about your ad choices. Visit megaphone.fm/adchoices

For anyone who’s flipped a house before, you understand how much work it can take. However, today’s guest is not only flipping one house – but three all at the same time while still working a full time day job. Today Justin Silverio, an investor out of the Boston Massachusetts area, shares with us a ton of tips about getting started, building systems to manage your business, working with partners, wholesaling, and a whole lot more.In This Show, We Cover: Why it took Justin three attempts to get into real estate How Justin overcame “Analysis Paralysis“ Making less than minimum wage on the first flip The 5 documents you need to get from your contractors How a contractor stole from Justin and his business When it’s okay to make nothing on a flip Building a business plan to help you succeed Direct mail marketing to motivated sellers Partnering with others when flipping houses How Justin can flip three houses, at the same time, while working a full time job Tackling HUGE rehabs as a newbie And LOTS more! Links from the Show I’m a Lumberjack song… How To NOT Make Less Than Minimum Wage on Your House Flips BP Podcast 055: The Five Steps Needed to Get Any Lender to Say “Yes” with Jimmy Moncrief BP Podcast 050: Getting Started and No Money Down House Flipping with Mike Simmons Events and Happenings Forum ListSource.com BP Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy Today’s QuickTip: Diary of a New Construction Project Download “BiggerPockets Presents: Diary of a New Construction Project“ The Book on Flipping Houses The Book on Estimating Rehab Costs  Books Mentioned in the Show The ABCs of Real Estate Investing by Ken McElroy The Four Hour Workweek  by Timothy Ferriss Tweetable Topics “The school of hard knocks sometimes teaches better than a $60,000 bootcamp.” (Tweet This!) “A business plan shows you are serious about your business.” (Tweet This!) “You never know when the next deal is going to happen – so never quit!” (Tweet This!) Connect with Justin Justin’s BiggerPockets Profile Justin’s Blog: TheBostonInvestor.com Justin’s Show: JS2Homes.com Learn more about your ad choices. Visit megaphone.fm/adchoices

The sand between your toes, the soft roar of the waves crashing on the beach, the beautiful people sunbathing on the shore. If this is your vision of a vacation rental… it’s about to change!In today’s episode of the BiggerPockets Podcast, we chat with vacation rental expert Matt Landauabout getting started as a vacation rental investor and building a scalable (and profitable) business around leasing rental properties to nightly guests in great vacation areas. Matt shares a ton of great tips, tricks, and skills to help you learn more about this fascinating – and largely misunderstood – niche of the real estate space.Additionally, Matt shares some really great tips for any landlord to decrease vacancy rates and increase profits in your real estate business, so no matter what kind of investing you currently engage in, this episode is bound to help your business improve!So grab a beach chair, make yourself a piña colada, and  sit back and relax… it’s time to take a vacation!In This Show, We Cover: What is a vacation rental – and why should you consider one? The legalities of vacation rentals Screening for the tenants who won’t destroy your property Marketing for great tenants The first steps in buying a vacation rental property Expenses when dealing with a vacation property Using Adwords to fill vacancies The secret to getting national press for your properties And a lot more! Books Mentioned in the Show The Happiness Hypothesis by Jonathan HaidtLinks from the Show BiggerPockets.com/pro BiggerPockets.com/biz – Using BiggerPockets to Grow Your Business VRBO HomeAway FlipKey.com Vacation Rental Automatic Door Lock (via Amazon) Pat Flynn and the “Be Everywhere” Philosophy. Pancho- The Sea Lion Turns THIEF?! Tweetable Topics We’re at the beginning of a very massive trend: vacation rentals. (Tweet This!) Be generous in having faith in people. (Tweet This!) Create a bulletproof reputation of being the industry expert. (Tweet This!) Connect with Matt Matt’s BiggerPockets Blog Posts Matt’s Website: VacationRentalMarketingBlog.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Dealing with tenants can be a pain… which is why on today’s show we’re going to go beyond tenants and look at some “no-tenant” methods of investing in real estate.Specifically, we’re going to talk with real estate investor Ankit Duggal about his journey from real estate agent to syndicator to house flipper to landlord and finally to tax lien investor. Ankit has a great story and offers hundreds of great pieces of advice on this show perfect for both the new investor or someone looking to add some new skills to their investor tool belt!In This Show, We Cover: Getting started at a young age Transitioning from Agent to Investor How Ankit financed his early investments using other people’s money Your three circles of influence for raising money The three team members you need before syndicating Investing with close family members What is a tax lien and how (and why) to buy one. Earning 18% on your money through Tax Liens Why tax liens have almost no risk How to do your due diligence on a tax lien And lots more! Books Mentioned in this Show The Real Estate Game: The Intelligent Guide To Decisionmaking And Investment by William J. Poorvu Built to Sell: Creating a Business That Can Thrive Without You by John Warrillow Links from the Show: Buildium Brandon’s 7 Year Plan BP Podcast 007: Making Appraisals Work For You with Ryan Lundquist Tweetable Topics I’m not “money-driven” – I’m “lifestyle-driven.” (Click to Tweet!) Educated yourself as an investor. That’s the first step in any investment. (Click to Tweet!) I don’t believe in ‘get rich quick.’ You gotta put in the time and effort. (Click to Tweet!) Connect with Ankit Ankit’s BiggerPockets Profile Ankit’s BiggerPockets’ Blog Posts Ankit’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Simply put – this podcast could change your financial life.You see, a banker can be your best friend or your worst enemy when trying to invest in real estate, as a great loan can mean the difference between long term success and failure. This is why we are super excited to introduce you to Jimmy Moncrief (your new best friend!) on the BiggerPockets Podcast today.Jimmy is a commercial bank underwriter as well as a real estate investor, so he has a unique insight into the mind of a bank – especially involving real estate investing. . Jimmy is going to share some incredible, actionable tips that any investor can start using today to get your bank to say “Yes” to your next financing request. In addition, Jimmy offers some unique tips for finding great FSBO deals and getting into your first deal.This show contains so many tips and ideas to help you do more deals, get better financing, and change your future – so grab your pen and paper and set aside the next hour for a truly remarkable show.Read the transcript for episode 55 wth Jimmy Moncrief here.In This Show, We Cover: Turning your own home into a rental Buying a cash flow crazy triplex Jimmy’s “lucky” method of finding properties FSBO How real estate investors do everything backwards Jimmy’s awesome “Quick Tip” about interviewing a bank An insider look at the Five “Cs” for getting a loan Why Jimmy hates credit scores How to turn around a loan denial Getting commercial “HUD” loans Tips for refinancing your investment properties Using cross collateralization to secure financing No money down… is it possible? And LOTS more… Books Mentioned in this Show The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime by MJ DeMarco The Four Hour Workweek by Timothy Ferriss 80/20 Sales and Marketing: The Definitive Guide to Working Less and Making More by Perry Marshall Links from the Show:  BP Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich Blackstone B2R Financing Smart Passive Income Podcast with Pat Flynn – Episode 18 with MJ DeMarco Pareto’s Principle- the 80/20 Rule – Wikipedia Post Tweetable Topics HUD loans are like a pregnancy: fun at the beginning, painful at the end! (Click to Tweet!) If you are serious about investing in real estate – you need to know the 5 Cs. (Click to Tweet!) If you take a proactive approach to lending, everything works out better. (Click to Tweet!) If you want to be a serious real estate investor – treat it like a business. (Click to Tweet!) Connect with Jimmy Jimmy’s BiggerPockets Profile Jimmy’s BiggerPockets Blog Posts Jimmy’s Blog: RealEstateFinanceHQ.com Learn more about your ad choices. Visit megaphone.fm/adchoices

How much money does it really take to buy a rental property?$200,000? $100,000? $75,000?On today’s show, we are going to chat with Lisa Phillips, a real estate investor who buys real estate in the under-$30,000 range and achieves some incredible cash flow from her mostly-passive investing. Lisa shares some amazing insights into how she went from a personal foreclosure to owning several rental properties – bypassing the banks and investing creatively. If you are someone who is looking to get started investing with real estate investing without spending hundreds of thousands of dollars – this is the show for you.Read the transcript for episode 54 with Lisa Phillips here.In This Show, We Cover: Investing in real estate while navigating the instability of day jobs How going through a foreclosure changed Lisa’s financial future… for the better Knowing when to call it quits Tips for negotiating with creditors What makes motivated sellers attracted to a certain real estate investor? Tips for defining a good vs bad neighborhood Finding a property manager who exceeds your expectations How much does a good property manager charge? Simple tips for attracting the best tenants to your rental properties The positives and negatives of low-price investing What crimes are acceptable? Links from the Show Tenant Screening: The Ultimate Guide NARPM – National Association of Residential Property Managers CrimeReports.com SpotCrime.com Rentometer.com Books Mentioned in the Show: Rich Dad Poor Dad by Robert Kiyosaki The 4 Hour Workweek by Tim Ferriss Tweetable Topics “Be clear & upfront with what you can do for other people. What’s in it for them?” (Click to Tweet!) “Landlords: never sacrifice your standards just to fill a vacant unit.” (Click to Tweet!) “When looking to invest in real estate, leverage the power of the internet.” (Click to Tweet) Connect with Lisa Lisa’s BiggerPockets Profile Lisa’s BiggerPockets Video Blog Lisa’s website: www.AffordableRealEstateInvestments.com Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast we have an incredible chat with financial planner, real estate investor, and an all-around great guy – Jason Hull.Jason has a great story of how his early mistakes led to his conservative but effective strategy of building wealth through rental property… all without the use of leverage, loans, or doing any labor. Jason has some terrific insight into the way our human behavior causes us to act and invest, – so don’t miss this entertaining and informative show that will have you looking at your real estate in a whole new light.Read the transcript for episode 53 with Jason Hull here.In This Show, We Cover: Getting over-extended with his first deals and facing the housing collapse The “Oh Crap” backup plan The only two ways to make money in real estate Separating your skills from what the market is doing Getting “lucky” in real estate Getting to “P.I.R.E.” = Passive Income, Retire Early Why Jason doesn’t use leverage (mortgages) How to find an awesome property manager Working with a Financial Planner Stocks vs. Real Estate… Where is the balance? Why you should open a Roth IRA with $100 Links from the Show Jason’s Post – How NOT to Invest in Real Estate… A Case Study BP Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy Facebook Post about “How Would You Spend $100?” The Two Most Painful Words a Landlord May Ever Hear… BP Podcast 050: Getting Started and No Money Down House Flipping with Mike Simmons Books Mentioned in the Show 123 Home Depot Entreleadership by Dave Ramsey The Goal by Eliyahu M. Goldratt The Four Hour Chef by Timothy Ferriss Tweetable Topics Invest for the cash flow. The appreciation is just gravy. (Tweet This!) I want to be lazy when I retire! (Tweet This!) Having money problems with your spouse is a sign of bad communication. (Tweet This!) Connect with JasonJason’s Website: HullFinancialPlanning.com Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we talk with one of the most influential voices in the real estate investing world today – Ken McElroy.Ken, the author of The ABC’s of Real Estate Investing and several other influential books, shares his story of getting started with nothing and building up a real estate investment company with thousands of units and hundreds of employees. Ken has a lot of great advice and knowledge for people at all stages of their investing careers, and shares it in a fun, entertaining manner.On today’s show we’re going to talk a lot about getting started, raising capital, and investing in large apartment complexes for big wins. Don’t miss a second of this exciting show!Read the transcript for episode 52 with Ken McElroy here.In This Show, We Cover: Getting started with no money – through property management Why should someone invest in multifamily properties? Using other people’s money to invest in real estate Investing at a distance vs. investing locally Determining the best locations and markets to invest in real estate Cash flow vs. appreciation: which is best? Ken’s newest $9 million dollar project  Why Ken loves bad landlords How to find amazing apartment complex deals Raising millions of dollars in 20 minutes How to find a great property manager? Should someone start with Apartment Complex Investing? The worst mistake you can make as a real estate investing Links from the Show What is a Cap Rate? (Capitalization Rate) (article about Cap Rates) BiggerPockets Presents: The 21 Best Real Estate Books Ever Books Mentioned in the Show The Art of the Deal by Donald Trump The Best Real Estate Advice I Ever Received by Donald Trump Turning Pro by Steven Pressfield Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization by Dave Logan The Crash Course: The Unsustainable Future Of Our Economy, Energy, And Environment by Chris Martenson The ABC’s of Real Estate Investing by Ken McElroy The Advanced Guide to Real Estate Investing by Ken McElroy Tweetable Topics The faster you fail, the smarter you get. (Tweet This!) “You don’t need to be an expert at everything.”(Tweet This!) There’s a lot more money out there than deals. (Tweet This!) The best deals are generated from face to face relationships. (Tweet This!) The entire goal of my company is to replace myself. (Tweet This!) Connect with Ken Ken’s Website: KenMcElroy.com Ken’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we cover a huge range of really important topics with real estate investor Mike Sherwood, including investing while holding a full time job, working with a partner to grow quickly, getting started with a small multifamily property, and a lot more.Mike has invested in the Buffalo, NY for several years now, doing both rentals and is getting into fix and flip, so he has a ton of insight for both those just getting started and for those with a lot of experience already.This show has so much good information and helpful tips for any real estate investor, this is going to be one you’ll want to listen to over and over just to make sure you get all the great nuggets out of it.Read the transcript for episode 51 with Mike Sherwood here.In This Show, We Cover: Buying a small multifamily to live for free The secret to living next door to your tenants Training your tenants When is an emergency an emergency? Managing your own properties vs. hiring a property manager Tips for working a full time job AND investing on the side Finding good deals on the MLS How Michael found a partner to invest with Legally structuring a partnership for real estate Ways to systematize your business The key to finding partners on BiggerPockets Flipping houses while working a full time job Links from the Show Tenants: Customers or Scum? (Training Your Tenants) by Peter Giardini The Real Estate Agent’s Ultimate Guide to Working with Investors Rentecdirect.com Online Property Management Software list from BiggerPockets BiggerPockets Keyword Alert System BiggerPockets.com/meet The BiggerPockets Rental Property Calculator Tenant Screening: The Ultimate Guide Books Mentioned in the Show The eMyth Revisited by Michael Gerber Landlording on AutoPilot by Mike Butler Four Hour Workweek by Timothy Ferriss Start Small, Profit Big in Real Estate: Fixer Jay’s 2-Year Plan for Building Wealth by Jay DeCima Building Wealth One House at a Time by John Schaub Tweetable Topics “Establish guidelines upfront with your tenants to save yourself a lot of trouble.” (Tweet This!) “I wish there were more agents who understood what investors want.” (Tweet This!) “You can make any real estate deal look good with 80% down.” (Tweet This!) “The most important thing in a partnership is being able to constructively handle differences.” (Tweet This!) Connect with Mike Mike’s BiggerPockets Profile Mike’s Website: www.CandMRental.com Learn more about your ad choices. Visit megaphone.fm/adchoices