BiggerPockets Real Estate Podcast

Today on the BiggerPockets Podcast we want to share an interview with someone who runs his investment business in a unique but powerful way – and it’s sure to both inform and entertain you. On today’s episode, we sit down with real estate investor Kenny Estes and chat about investing in rural America, funding deals through private money, building a team, and “going big” with a bold exit strategy. Join us today for a really awesome interview and one of the highest caliber conversations we’ve ever had (and one of the largest debates as well!)Read the transcript to episode 30 with Kenny Estes here.In This Show, We Cover How Kenny started investing at 18 years old – while still in college. The early mistakes that Kenny is still digging out from The “Cab Driver Metric” in Real Estate Investing Why “no money down” is dangerous How to “stress test” a real estate deal How Kenny found his initial private investors The debate between “Invest Yourself” or “Invest with Others” Kenny’s real estate team – and how he built it Finding and dealing with contractors Kenny’s “bold” exit strategy plan Links from the Show The House Flipping Calculator Are Stocks Better than Real Estate? Post by Kenny Estes “Boring can be Sexy when Investing in Real Estate” post by Ben Leybovich Ultimate Beginner’s Guide to Real Estate Investing – Free eBook CashFlow Board Game Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki Investing in Real Estate – Gary Eldred On China – Kissinger Tweetable Topics Be very cognizant of your risk threshold and do it very conservatively. (Tweet This!) Private investors are people you know. (Tweet This!) Invest simply, do it conservatively, do it for the long haul. (Tweet This!) Connect with Kenny Kenny’s BiggerPockets Profile Kenny’s Blog – PearTreeProperty.com/Blog Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we are going to dive into some really fascinating new ways to finance your real estate investing while talking with residential investor Dawn Anastasi. Dawn is an active investor in the Milwaukee area who, while working a full time job, has collected a number of rental properties with amazing cash flow each month. Dawn shares with us her strategy for buying low priced houses (with unique financing in place,) fixing them up, and leasing them out to great tenants. This show definitely has a lot of great tips, ideas, and strategies for both new investors and seasoned pros.Read the transcript to episode 29 with Dawn Anastasi here.In This Show, We Cover Working with Family and Friends Investing in Real Estate from a Woman’s Perspective Dealing with Difficult Contractors How to Find Houses for Between $20,000 – $30,000 Financing Real Estate Through Peer-to-Peer Funding Buying Long Distance Properties Why Single Family Rentals Rock Finding Partners on BiggerPockets Links from the Show Lending Club (BiggerPockets Partner Link) Prosper (BiggerPockets Partner Link) How to Buy a Small Multifamily: A Step by Step Case Study Brandon’s Twitter, Josh’s Twitter, BiggerPockets’ Twitter Tenant Screening: The Ultimate Guide The BiggerPockets MarketPlace Rich Dad Poor Dad Audio Book on Youtube How to Analyze a Fix and Flip: A Step by Step Case Study The BiggerPockets Fix and Flip Analysis and Reporting Tool Books Mentioned in the Show The Section 8 Bible Rich Dad Poor Dad Tweetable Topics You need to be comfortable with whatever investing strategy you choose. (Tweet This!) A deal is a deal, whether it’s a single family home or duplex. Go where the deal is. (Tweet This!) Know your real estate market: the niches, and the neighborhoods. (Tweet This!) The Bigger Pockets Marketplace is eHarmony for Real Estate Investors! Have You Found Your Match? (Tweet This!) Connect with Dawn Dawn’s BiggerPockets Profile Dawn’s Website www.coreprop.biz/ Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets, we’re going to dive into an area of real estate investing that is largely unknown, yet can be one of the most passive forms of earning lucrative returns: note investing. Our guest today is Dave Van Horn, who has been actively investing in real estate for more than twenty years and currently runs a very successful note business, PPR Note Company. In addition to information on notes and passive income, Dave also has a ton of great tips for any investor looking to raise money for their real estate deals – so definitely don’t miss this valuable and informative show!Read the transcript to episode 28 with Dave Van Horn here.In This Show, We Cover How Dave used other people’s money to buy real estate Attracting private lenders through proper networking Dave’s beginning journey into note investing and “Soft-Hard Money” Why people sell notes … for steep discounts. Buying “delinquent mortgages” for incredibly low amounts The kind of discounts you can get from second mortgages Strategies for dealing with delinquent payments Three ways to get started buying notes How much you need to get started investing in notes Unique ideas for raising capital and finding accredited investors Staying out of trouble when dealing with accredited investors The mistake that cost Dave’s company $10,000 when dealing with investors Links from the Show BiggerPockets YouTube Chanel BP Podcast 026: Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier BREAKING NEWS: General Solicitation of Accredited Investors is Now Legal… Who are the Winners and Losers? The BiggerPockets Forums The BiggerPockets House Flipping Calculator Books Mentioned in the Show Missed Fortune 101 by Douglas Andrew Mastering the Rockefeller Habits by Verne Harnish Tweetable Topics Keep your money moving… keep the velocity going. (Tweet This!) How many deals could you do if you had an unlimited supply of money? (Tweet This!) Start raising money with the people in your cell phone (Tweet This!) Connect with Dave Dave’s BiggerPockets Profile Dave’s Company PPR Note Company Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we talk with the dynamic husband and wife team ofJason and Katherine Grote about their adventures in flipping and wholesaling, while specifically dealing with some of the unique ways they find deals for their real estate investing business. This show was really a ton of fun to record and will give you both ideas and many good laughs as you hear the Grote’s story and tips for you and your investing business!Read the transcript to episode 27 with Jason and Katherine Grote here.In This Show, We Cover What a “wholetail” is – and why it can be profitable The first direct mail campaign that… flopped. When to “buy and hold” and when to “flip?” When to Quit your job … and when NOT to. Flipping in hot vs. cold markets How to wholesale without being a time-stealing “bottom feeder” Dealing with foundation problems Tips for working with your spouse Links from the Show The New BiggerPockets Real Estate Calculators and Analysis Tools Fix and Flip Analysis & Reporting Tool Lending Club BP Podcast 010 : Flipping Houses 101 with J Scott BP Podcast 018 : Flipping, Marketing, and Wholesaling with Danny Johnson 5 Key Takeaways From the Inman Real Estate Connect SF 2013 Conference How to Create an Awesome Lead Generating Website in Under an Hour with No Technical Abilities Books Mentioned in the Show: Rich Dad Poor Dad by Robert KiyosakiTweetable Topics Anything worth anything is all about hard work (Tweet This!) People decide whether or not they’ll buy your house in the first 3 minutes.(Tweet This!) We’re passionate about real estate… it’s fun! (Tweet This!) Who needs a book when you have BiggerPockets! (Tweet This!) Connect with Jason and Katherine Jason’s BiggerPockets Profile Katherine’s BiggerPockets Profile The Grote’s Website: www.IBuyAustinHouses.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Successful real estate investing involves a lot more than just tenants, toilets, and trouble. Successful investors have learned to manage their investing like a business and not a hobby by creating systems to scale their efforts and build wealth faster and more securely. To get a better idea on just how to do this, on the show today we talk with real estate pro Chris Clothier of Memphis Invest, who shares his story and his view on how to start working on your business and not in your business. If you are looking to take your investing to the next level while maintaining more control – don’t miss this episode. Chris also has some awesome tips on getting your properties rented quicker and dealing with difficult tenants so be sure to take notes!Read the transcript to episode 26 with Chris Clothier here.In Today’s Show, We Cover Student housing: a good idea or a bad idea? When NOT to use partnerships – and the perfect kind of partner. What comes first: hiring employees or ramping up your marketing. What true marketing really is… and why it costs nothing. Tips for outsourcing parts of your business that don’t excite you. Why Chris didn’t use a formal business plan but you probably should. How to hire people and guarantee you can always pay their salary. Chris’ unique “game” for filling vacant units. The one tenant trait that is an automatic denial. Specific questions to ask a property manager before hiring them. Links from Today’s Show: BP Podcast 009: Using Hard Money Lenders to Grow Your Business with Ann Bellamy Keyword alerts Do You Feel Like You Are Drowning In Your Business? Start Outsourcing! Books Mentioned in the Show Make it Big by Frank McKinney Rework by Jason Fried and David Heinemeier Hansson Tweetable Topics “The best marketing you could ever do is simply talking to other people.” (Tweet This!) “If you are going to start a business… why not go all in?” (Tweet This!) “To scale your business, you gotta bring in the highest quality people.” (Tweet This!) “Surround yourself with people who believe in your vision and are up for the challenge.” (Tweet This!) “Don’t be scared to share in the wealth of what you are doing.” (Tweet This!) Connect with Chris Chris’ Company Website MemphisInvest.com Chris’ BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast – we’re going to change things up. You see, all of our interviews thus far have been with real estate investing professionals, who are absolutely crushing it in their real estate journey.However, today, we want to sit down with some investors who are just starting out and can tell us their stories of how they achieved their first real estate deal. These stories are not only helpful for new investors, but even the pros can learn valuable lessons from their experiences. We cover everything from investing when you live in an expensive city to dealing with the drama that might arise during a wholesale deal and even tips for buying a small multifamily property as your first primary residence. Don’t miss this amazing set of interviews with some really great individuals!Read the transcript to episode 25 hereLinks from the Show: New Member Introduction Forum  ThisMomBuysHouses.com The 2% Rule and 50% Rule Google Street View The BiggerPockets Deal Analysis Forum Books Mentioned in the Show How to Be a Deed Grabber by Rick Dawson How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson Tweetable Topics “When financing real estate, find a lender who knows what they are doing.” (Tweet This!) “If you have a good property, at a good price, in a good location – you won’t have a problem selling.” (Tweet This!) “You can’t use your location as an excuse not to invest.” (Tweet This!) “It’s more important, with early deals, to get them moved early and build your confidence.” (Tweet This!) Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we talk with active house flipper and real estate investor Michael LaCava about flipping houses in today’s rapidly changing real estate market. Mike has been flipping houses since 2006, so he’s seen both the crash and the emergence of the market, and has a ton of great insight into building a scalable flipping business, analyzing deals quickly and efficiently, and (as a new feature on the Podcast) Mike dives into a “Fire Round” where he answers some of the most interesting questions asked by BiggerPockets members in the Forums.Read the transcript to episode 24 with Michael LaCava hereIn This Show, We Cover Finding and Working with Partners in your Investing Losing money on the first deal Mike’s view on the Hedge Fund problem Exit strategies … “What happens IF…” The $2.5 million dollar deal that fell apart When to use the 70% Rule and when NOT to use it Finding accurate comparable sales (Comps) The best way to estimate repairs Hiring your very own acquisition manager Tips for wholesalers The power of blogging for your business The flipping “Fire-Round” Flipping a “Murder House?” Finding deals in a competitive market Links from the ShowBiggerPockets Deal Analysis ForumBooks Mentioned in the Show Think and Grow Rich by Napoleon HillTweetable Topics: “When flipping a house, you make your money on the front end. It’s understanding the numbers before getting into it.” (Tweet This!) “Relying on the experts and building your team is crucial to being successful.” (Tweet This!) “You need to create a plan, you need to write it down, you need to start taking action.” (Tweet This!) “Success isn’t about how much money you make – it’s about enjoying life along the way.” (Tweet This!) “Goals with no actions are just dreams.” (Tweet This!) Connect with Michael Michael’s Website HouseFlippingSchool.com Michael’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

One of the biggest issues that most investors face is the issue of investing while holding a full time job. In today’s episode of the BiggerPockets Podcast, we sit down with real estate investor James Vermillionto discuss how he has built his real estate flipping and buy-and-hold investing business while working full time in the US Military and with a non-real estate business. James shares his story, along with numerous tips for managing your time while working a job and dealing with partnerships to maximize your investing power.Read the transcript to episode 23 with James Vermillion here.In This Show, We Cover How James works a full time job while flipping houses Overcoming the “Education Only Phase” and buying his first property Investing while serving in the US Military How James succeeded without any expensive courses or mentors How to find free online college-level real estate education Transitioning from Flipping to Buy and Hold Finding financing for flipping through a local community bank Tips and tricks for finding deals still on the MLS How to make a partnership work great Tips for finding a free mentor Links from the Show James’ BP Blog Post on Free Education  BP Podcast 006: Investing While Holding a Full Time Job with Arthur Garcia The Ultimate Guide to Tenant Screening Links for Military Investors US Small Business Admin (Veterans Section): VA Veterans Business Portal: SCORE (offers some free and discounted resources for military): Books Mentioned in the Show Titan: The Life of John D. Rockefeller, Sr. by Ron Chernow The Book on Estimating Rehab Costs Tweetable Topics: “What works in one market won’t necessarily work in another market.” (Tweet This!) “A partnership will never be 50/50 all the time – and that’s okay.” (Tweet This!) “Don’t pick a strategy and build you life around it. Look at your life – and build a strategy that fits your needs.” (Tweet This!) Connect with James James’ BiggerPockets Profile James’ Company Website www.kandvinvesting.com Learn more about your ad choices. Visit megaphone.fm/adchoices

While most investors think of real estate investing as buying an ugly property and making it look good, today we sit down with an investor who runs a highly successful investing business that focuses heavily on investing in new home building, along with wholesaling and flipping as well. Tucker Merrihew, the owner of TTM Development Co in Portland, Oregon, shares a ton of great advice on creating a sustainable and automatic lead funnel, as well as numerous tips on a variety of investing techniques.Read the transcript for episode 22 with Tucker Merrihew hereIn This Show, We Cover How a “failed personality test” led to real estate investing The early mistakes that caused major problems for Tucker Do condos make good investments? How to build a marketing machine Direct mail “shock marketing“ Why knocking down houses might make you money Tucker’s online marketing strategy The financial benefits of spec building Tips for finding and working with great contractors Finding deals when the MLS is too competitive Links from the Show Every Door Direct Mail BP Podcast 010 : Flipping Houses 101 with J Scott Tucker’s Lead Generating Website Books Mentioned In The Show: Donald Trump Books How to Win Friends and Influence People – Dale Carnegie Tweetable Topics: “There’s motivation in weird places sometimes.” (Click to Tweet) “When investing in real estate, you’ve got to have a website.” (Click to Tweet) “To be successful in real estate investing, you gotta build momentum.” (Click to Tweet) Get in Touch with Tucker Tucker’s BiggerPockets Profile Tucker’s Company Website: www.TTMDevelopmentCompany.com Tucker’s Facebook Page: www.Facebook.com/TuckerMerrihew  Learn more about your ad choices. Visit megaphone.fm/adchoices

While it’s unlikely that you are going to make a mistake in real estate that will kill you – there is a much higher chance that you’ll make a mistake that’s going to kill your chance of finding success. To help you fight the good fight and avoid those mistakes – you’ll definitely want to listen to today’s episode of the BiggerPockets Podcast with Josh and Brandon. You might be a seasoned investor or you might be just starting out – but the 20 mistakes listed in this podcast are real, common, and deadly if not properly addressed, so be sure to listen to today’s show.Read the transcript for Show 20 with Josh & Brandon hereIn This Show, We Cover: The best ways to get free education How to overcome analysis paralysis Exit strategies you should be using as a backup How to establish your marketing machine How to best protect yourself from being sued The best ways to find great contractors The worst way to screen for tenants Plus MUCH more… Links from the Show: Google Voice The Ultimate Beginner’s Guide The Ultimate Beginner’s Podcast The 21 Best Books for Real Estate Investors Danny Johnson Podcast The Keyword Alert System The New Member Introduction forum Meetup.com “What I Did Wrong as a Landlord” post J Scott’s Negotiating article Books Mentioned in the Show The E-Myth by Michael Gerber If You Give a Mouse a Cookie by Laura Joffe Numeroff Tweetable Topics You’re never going to know everything. (Tweet This!) The math never lies. Stick with the math and don’t fudge the numbers. (Tweet This!) You wouldn’t drive from Canada to Peru without a map. You need a plan – just knowing it’s south isn’t good enough. (Tweet This!) Don’t talk so much. Just listen. (Tweet This!) Learn more about your ad choices. Visit megaphone.fm/adchoices