BiggerPockets Real Estate Podcast

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

On today’s episode of the BiggerPockets Podcast, we are joined by Arizona real estate investor Tracy Royce to discuss all things related to short sales, getting started, and the best ways to run your real estate investing business.This show has a ton of tips for finding the best way to help sellers who are underwater on their mortgages and still make you a profit as a real estate investor, as well as great strategies for using virtual assistants to lighten your work load and other tips for those who are just getting started.Read the transcript for episode 19 with Tracy Royce hereIn This Show, We Cover: How to get paid to learn about real estate How to parlay your talents into a job with a real estate investor; How to “shift” with a changing market and recognize future trends How to use virtual assistants in your real estate business Goals: Good, bad, and ugly Getting started with no money by using technology and social media What a short sale is and the short sale process How to find a great short sale agent Tips for getting your short sale offers accepted Books Mentioned in the Show The Four Hour Workweek by Tim Ferriss Shift by Gary Keller Atlas Shrugged by Ayn Rand Think and Grow Rich by Napoleon Hill E-Myth Revisited by Michael Gerber Winning by Jack Welch Links from the Blog Odesk.com eLance.com Tweetable Topics “When investing in real estate – you have to start out in the mail room.” (Tweet This!) “Don’t expect to get rich tomorrow. You gotta put the work in, you gotta hustle.” (Tweet This!) “If you want an easy job, Sell kittens at a pet shop. Real estate investing isn’t easy.”(Tweet This!) “If you put more fishing lurers out there, you are more likely to catch things.”(Tweet This!) Connect with Tracy Tracy’s Website www.RoyceofRealEstate.com Tracy’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we sit down with fix and flipper Danny Johnson to talk about running a successful real estate investing business. Danny has been investing in real estate for the past decade and has hundreds of awesome, actionable tips that he shares with us in today’s show. From real estate marketing through websites and direct mail to tips for wholesalers and ideas for getting started while working a full time job, Danny’s knowledge is going to blow your mind. Whether you are an experienced house flipper, a wholesaler, or a new investor just getting ready to start investing, this show is going to give you a ton of ammunition to use in your business.In This Show, We Cover: Why a mentor isn’t as important for your success as you might think. How to hustle while holding a full time job. How to use “driving for dollars” to get started. The CRAZY first deal that got Danny into real estate. Bandit signs… a great marketing plan OR a criminal activity? How Danny manages 8-13 flips at a time. The “Top Secret” method that Danny uses to find deals. Postcards vs. yellow letters : which is better? The best criteria for compiling a great direct mail list. Tips for creating a lead generating website and online advertising. Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki Mastery by Robert Greene Flipping Houses Exposed by Danny Johnson Links from the Show Why Hiring a Mentor Might Not Be the Stupidest Thing You Could Do by Ben Leybovich Driving for Dollars Bible: Finding Distressed Properties and Marketing by Chris Feltus Driving for Dollars Bible 2: Tracking Down Owners & More Tips! by Chris Feltus Danny’s “We Buy Houses website” BP Podcast 016: Land Contracts, Creative Selling, and Finding Private Money with Clay Huber Hard Money Lender Directory Danny’s Blog Post: 9 Reasons Why You Couldn’t Sell Your Wholesale Deal Tweetable Topics You can’t just sit behind a computer and expect to succeed. You gotta get out there and do stuff. (Tweet This!) Always negotiate. (Tweet This!) When it’s a “real deal” you’ll know it’s a good deal. You don’t have to make it a deal. (Tweet This!) Focus on finding really great deals – you don’t need a whole lot of buyers (Tweet This!) Connect with Danny Danny’s BiggerPockets Profile Danny’s Blog FlippingJunkie.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investing is about more than just making money in the here and now – it’s also about setting up your future for a solid retirement with minimal hassle and maximum wealth. However, planning for that time in your life is not always the most easy-to-understand task. To help, we sit down with investment specialist Jeff Brown, a very common face around the BiggerPockets Blog, to discuss some of the best ways to find mentors, what you can do to start preparing for retirement right now, and how to invest in notes using cash or your self directed IRA or 401K. This show is filled with a lot of really actionable, in-depth content so be sure to have your notepad ready – you’re going to need it!In This Show, We Cover: How to find mentors to help train and teach Why real estate brokers make the best mentors What CCIM is and why you should consider it How much do you need to quit your job and go “Full Time?” Why $1 million might not be enough for you for retirement 3 paths to maximize after-tax income. Why “cash flow” might be overrated when beginning Why you should STOP investing in your 401K and IRAs – even with a “company match” Investing in notes vs. property … why one is better than the other How to find good notes to invest in 3 Case studies – what should a 25 year old do, a 45 year old do, or a 60 year old do for retirement? and more Books Mentioned in the Show: The E-Myth Revisited by Michael Gerber The Basic Steps in Real Estate Exchanging by Royce Ringsdorf. Links from the Show: The BiggerPockets FilePlace CCIM Training Tweetable Topics “The best mentoring you can get is often at the 19th hole around a plate of fries.” (Tweet This!) “Don’t leave money on the table just because you want the pleasure of being able to drive by your investment.” (Tweet This!) “When you retire, the one with the most options wins” (Tweet This!) “I want to retire yesterday afternoon around 4:30!” (Tweet This!) Learn More about Jeff Jeff’s BiggerPockets Account Jeff’s BiggerPockets’ Blog Posts Learn more about your ad choices. Visit megaphone.fm/adchoices

Several weeks ago on the BiggerPockets Podcast, we spoke with Leon Yang about using seller financing to buy properties. Today we are going to look at the opposite side of that transaction and discuss ways you can invest in real estate by utilizing seller financing (or “land contracts”) to sell. Our discussion today with real estate investor Clay Huber is chalked full of a lot of great advice for utilizing this strategy, as well as a variety of tips for those who are just getting started or for those who are just looking for another tool to add to their investor toolbox.Read the transcript for Episode 16 with Clay Huber hereIn This Show, We Cover: The “accidental flip” that got Clay into Real Estate… and why he changed strategies How to use seller financing to invest in real estate, When not to use seller financing Dealing with the dreaded Due on Sale clause, Should you get your real estate license? Using a full time job to accelerate your investing The members you should have on your team How Clay finances his deals The four items to include in your Marketing Packet to attract private money Overcoming the “Bus” question… what happens if you get hit by a bus!? How to get training for pennies on the dollar Books Mentioned in the Show: Inspecting a House (For Pros By Pros) by Rex CauldwellLinks from the Show: BP Podcast 015: From $80k in Credit Card Debt to 100+ Deals with Glenn and Amber Schworm Michael Zuber How to Raise Private Money Anytime, Anywhere. Even Over Chicken Wings! A Great Real Estate Investing Resource that Cost a Penny Tweetable Topics “The best business model is to simply have a sugar-momma!” (Tweet This!) “If you buy something for retail value you are at the mercy of the market.” (Tweet This!) “Your first step in any venture is to define your goal.” (Tweet This!) “Make sure your spouse is 100% on board with your goals.” (Tweet This!) Learn More about Clay HuberPropertyGroup.com Clay’s BiggerPockets Account Clay’s BiggerPockets’ Blog Posts Learn more about your ad choices. Visit megaphone.fm/adchoices

Starting out with nothing is not easy. Luckily – this week on the BiggerPockets Podcast we are talking with husband and wife team Glenn and Amber Schworm, who have successfully done just this and scaled their real estate business to over 100 deals! On today’s show, Glenn and Amber share a ton of great tips and advice about flipping, wholesaling, and marketing for real estate investors – both new and seasoned.Read the Transcript for episode 15 with Glenn and Amber SchwormIn This Show, We Cover: How desperation (and $80,000 in credit card debt) forced Glenn and Amber to succeed Using a mail-carrier to find deals for you The mistakes made on the first flip that helped them prosper on over 100 other flips Working with your spouse as your business partner Creating systems and teams to build a bigger business Tips for finding private investors to fund your real estate investing The toughest thing Glenn and Amber ever have to face in their business Tips for making money from wholesaling Marketing for motivated sellers Books Mentioned in the Show: The BiggerPockets Book on Flipping Houses Seven Habits of Highly Effective People by Steven Covey Think and Grow Rich by N. Hill The Four Agreements: A Practical Guide to Personal Freedom by Don Miguel Ruiz Links from the Show: BiggerPockets’ Facebook Page BP Podcast 010 : Flipping Houses 101 with J Scott Do You Have the Mindset to be on Shark Tank? Deals that Keep you Moving Forward….$20K into $85K in 5 days! BP Podcast 012 : Wholesaling and Marketing with Sharon Vornholt Tweetable Topics Don’t be afraid to ask. (Click to Tweet!) You can read the books and go to the seminars, but in the end – it’s a people business.(Click to Tweet!) Behavior that is rewarded is usually repeated. (Click to Tweet!) Invest in your people… they are your future. (Click to Tweet!) Action equal results. Massive action equals massive results.(Click to Tweet!) Learn More about Glenn and Amber SignatureHomeBuyers.com Glenn’s BiggerPockets Account Glenn’s BiggerPockets’ Blog Posts Learn more about your ad choices. Visit megaphone.fm/adchoices

Creativity and real estate go together like peanut butter and jelly – but for many investors, learning how to get creative can be tough. So today, on the 14th episode of the BiggerPockets Podcast, we sit down with real estate investor Ben Leybovich to discuss buying property with 100% financing, the importance of cash flow (and how to get it,) overcoming obstacles that inevitable will rise, plus a whole lot more. Ben’s inspirational story, involving his battle with multiple sclerosis, will teach you the importance of creating passive income through real estate because you never know what the future will hold. Learn how Ben turned this tragic, life-changing news into motivation to create a successful real estate investing business. You’ll definitely want to take notes during this one!In This Show, We Cover: The shocking medical event that completely changed Ben’s life The three kinds of income … and which you need How Ben chose his real estate investing strategy The message about “flipping” that seems to escape most How to get started with no money at all Ben’s top tips for landlords A reasonable benchmark for cashflow… how much per unit per month. Why 100% of the purchase price isn’t 100% of the leverage/equity. Links from the Show Considering a House Flip With 15k Profit? Don’t Do It “It’s Not My Fault They Keep Trashing My Unit” – Actually It Is… The BiggerPockets Forums The National MS Society – Donate Multiple Sclerosis Association of America – Donate Books Mentioned in the Show: How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson ABC’s of Real Estate Investing by Ken McElroy’s Tweetable Topics Successful people march toward the blazing guns. (Tweet This!) Find fertile ground where the stampede hasn’t occurred yet. (Tweet This!) I’m in real estate for one reason and one reason only: stable passive income. (Tweet This!) Get good at solving people’s problems – you’ll do well in life.(Tweet This!) Successful people refuse to fail. (Tweet This!) To achieve extraordinary results we have to take extraordinary actions. (Tweet This!) Learn More about Ben Ben’s Blog – JustAskBenWhy.com Ben’s BiggerPockets Profile Ben’s LinkedIn Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Leon Yang, a young investor from the Las Vegas area, discusses his strategy of buying homes using seller financing and speculating. He shares tips on finding seller financing, negotiating deals, and the importance of factors beyond selling price. The podcast also explores the benefits of borrowing money in real estate, the impact of inflation on debt, and the importance of reputation and credibility in the industry.

Wholesaling real estate is a popular topic on BiggerPockets and often one of the first strategies used by newbies to build cash reserves. However, wholesaling is a business that requires certain systems, strategies time, and sometimes even cash to prosper at. In today’s episode of the BiggerPockets Podcast, we talk with expert wholesaler and marketing whiz Sharon Vornholt about some of those strategies and techniques that she uses to make an income as a full time wholesaler.Read the transcript for Episode 12 with Sharon Vornholt hereIn Today’s Wholesaling Podcast, We Cover: An easy, cheap (free!) way to find more cash buyers than you can handle. The first step for wholesalers Sharon’s primary source of leads for motivated sellers The step-by-step process for making money as a wholesaler Double-closings vs. an assignment: Which is best? How Sharon closes deals with no money whatsoever Typical response rates from direct mail campaigns Why “pain” is a great thing to discover… Awesome strategies for negotiating with sellers The mistake Sharon made when starting out… and how you can avoid it. What the key to success really is. Links From the Wholesaling Show: Wholesaling Articles on the BiggerPockets Blog: What Is A Double Closing? A Real Estate Wholesaling How To Exit Strategies For Wholesalers. What Is A Double Closing? How to Start Wholesaling: Getting Past The Education and Into the Field Don’t Start Wholesaling Until You Read This: Wholesale Advice from a Fix and Flipper 9 Reasons You Couldn’t Find A Buyer For Your Wholesale Deal BiggerPockets Podcast 11: Flipping Houses 101 with J Scott ListSource.com – (Motivated Sell Lists for Direct Mail Campaigns) Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki Success Principles by Jack Canfield Tweetable Topics: “Wholesaling is about relationships.” (Click to Tweet!) “When negotiating, learn to adjust the other person’s expectations” (Click to Tweet!) “Learning how to buy property for the right price is the difference between success and failure.” (Click to Tweet!) “It’s all about marketing. You have to have leads in order to get deals.” (Click to Tweet!) “Anyone who claims to know everything about anything is full of crap.” (Click to Tweet!) Thank You!Thank you again to everyone who has subscribed in iTunes to help make us one of the top business podcasts in all of iTunes! We’re up to 166 5-Star Reviews so far with over 89,000 downloads! Every subscription in iTunes and every review helps us reach more people – so thank you!About SharonSharon Vornholt is a professional real estate wholesaler who began investing in real estate in the Louisville, KY area in 1998. While she has done both rehabbing and buy and hold investing, her primary area of focus now is wholesaling. Sharon is a regular contributor on the BiggerPockets blog and an avid blogger on her own site, LouisvilleGalsRealEstateBlog.com. Sharon’s BiggerPockets Profile Sharon’s BiggerPockets Blog Articles Sharon’s Facebook Page Learn more about your ad choices. Visit megaphone.fm/adchoices

This podcast provides a comprehensive overview of real estate investing, including tips for getting started, choosing strategies, finding properties, and getting financing. They discuss the pros and cons of working full-time vs. part-time in real estate, overcoming analysis paralysis, unique niches and solid strategies to invest in, the importance of team members, and various ways to finance investments.