BiggerPockets Real Estate Podcast

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.

House flipping is one of the most popular methods of investing in real estate. However, it’s sometimes difficult to know exactly how to get started, as there are thousands of blog posts, articles, forum posts, and more about the topic. In today’s Podcast, we talk with one of the best in the business, J Scott, about how he got started flipping houses and how you can follow the same strategies to build your own real estate investing business.Read the transcript of Episode 10 with J. Scott here.In Today’s Flipping Podcast, We Cover: How a TV show got J started with flipping How J made every mistake possible on his first flip…but still made money Tips For Working with a wholesaler and tips for wholesalers to work with flippers Multiple exit strategies for flippers What the “sweet spot” is in terms of profit The “flip formula” and how to use it to estimate your profit. How to determine the “after repair value” of your property. Why you should get your real estate license. Why having a construction background might not be great when flipping. How J’s got his days-on-market down to a 17 day average. Tips for finding a great project manager. How to find private lenders to fund your deals. Automating you flipping business to flip while holding a full time job Links From the Flipping 101 Show: J’s Blog: 123Flip.com The New Member Introduction Forum How to Subscribe to a Forum Category [Video] BiggerPockets Forums BP Podcast 001: Building a Successful House Flipping Business and Losing Millions with Marty Boardman Ultimate Beginner’s Guide to Real Estate Investing The Book on Flipping Houses and The Book on Estimating Rehab Costs Michael Quarles and K Marie Poe Books Mentioned in the Show The Complete Guide to Real Estate Finance for Investors by Steve Burges The Four Hour Workweek by Tim Ferriss Tweetable Topics: “You gotta be conservative in your numbers, so your ‘beginner mistakes’ will be covered.” (Tweet This!) “Always have 2, 3, or 4 exit strategies as a backup on your house flips.”(Tweet This!) “What you did yesterday may not work tomorrow – you need to be flexible in your business.” (Tweet This!) “Pricing a property right is key.” (Tweet This!) “You don’t raise money if you don’t ask. It’s not rocket science – it’s just hard work.” (Tweet This!) “It takes work and a lot of up-front preparation – but business automation is possible.” (Tweet This!) “Putting together a plan on paper will help you figure out where your gaps in knowledge are.” (Tweet This!) “Real estate investing education shouldn’t cost as much as a college education.” (Tweet This!) “Those who do best in this industry are those who work ON their business, not IN their business.” (Tweet This!) About JJ Scott runs Lish Properties LLC, a real estate investment company in the west suburbs of Atlanta, GA that specializes in purchasing, rehabbing and reselling REO properties. Along with his wife, J purchases and renovates about 15-20 houses per year. In addition, they consult to other investors, manage rehabs for other investors, and stage/list/market properties for the investors they work with. J’s BiggerPockets Profile J’s Facebook Page Learn more about your ad choices. Visit megaphone.fm/adchoices

Hard Money Lending is a fundamental tool for many real estate investors, but is often misunderstood and difficult to find. So today on the BiggerPockets Podcast, we sit down with hard money lender Ann Bellamy to discuss how to find and successfully use hard money to build and grow your real estate investing business. This show has an immense amount of solid, actionable content that you can use immediately, so definitely take the time to listen!Before we get to the show, 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 129 5-Star Reviews so far! Every subscription in iTunes and every review helps us reach more people – so thank you!In Today’s Hard Money Podcast, We Cover: What hard money is, when to use it, and when NOT to use it. Why Rehab properties in rural areas is a bad idea… Exit strategies and the new Real Estate Mini Bubble. Typical hard money rates and fees – and how you can lower them. Ann’s (and Brandon’s) first mistakes with Hard Money. The best place to find Hard Money Lenders (hint: try here) How to get your hard money loan proposals accepted every time. Which comes first: finding the hard money lender or the deal? Starting a local ethical real estate club to build your brand. How to become a Hard Money Lender. And much, much more! Links From the Hard Money Show: The Ultimate Beginner’s Guide to Real Estate Investing BiggerPockets Forum Keyword Alerts The BiggerPockets Hard Money Directory Ann’s Company Website: BuyNowHardMoney.com Ann’s Real Estate Club: Black Diamond Real Estate Investors Books Mentioned in the Show Real Estate Investments and How to Make Them my Milt Tanzer The Four Hour Workweek by Tim Ferriss Tweetable Topics: “The first and most important exit strategy is having one.” (Tweet This!) “Hard money is not a mafia guy with a baseball bat – it’s a tool for growing your business.” (Tweet This!) “If hard money makes a deal unprofitable – you shouldn’t be doing the deal.” (Tweet This!) “Don’t misrepresent yourself. It’s okay to be new at something… just say so!” (Tweet This!) “In this day and age – you need to be able to communicate electronically.” (Tweet This!) “Both persistence and the ability to adapt are required for success.” (Tweet This) About AnnAnn Bellamy is a real estate investor and Hard Money Lender in Southern New Hampshire, and has been involved in the leadership of several real estate investing groups in Massachusetts and New Hampshire. She provides short term and construction funding, or hard money loans, to real estate investors in these states and networks extensively in MA and NH with investors of all types.Ann’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Being a Landlord can often be challenging, expensive, and stressful. So, today on the BiggerPockets Podcast we are speaking with Al Williamson, an active BiggerPockets member and inner-city landlord who has decades of experience dealing with tenants in both multifamily and single family rentals. Al is a pro at reducing expenses, increasing income, and dealing with difficult landlording situations – which is why we wanted to sit down with Al today.Before we get to the show, 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 117 5-Star Reviews so far! Every subscription in iTunes and every review helps us reach more people – so thank you!Read the transcript of episode 08 with Al Williamson here.In Today’s Podcast, We Cover: How Al used a 1031-Exchange to “Trade-Up” to a larger property. Tips for living in a small multifamily and living with tenants. How to avoid being a slumlord in rough areas. Why simply picking up trash can transform your investing. The power of “Patient Equity.” Al’s goal of Not being dependent on the tenants’ rent to pay the bills. Ideas for both increasing income and cutting expenses. Al’s plan to revolutionize income for multifamily properties. How Al used a very small syndication to buy a rental property The biggest challenges for an up-and-coming landlord. What the “Landlord Lid” is – and how to overcome it. How to Invest in Real Estate when you have a full time job AND a busy family life at home Links From the Show: [Video] How I Quickly Analyze an Investment Property The BiggerPockets Blog The BiggerPockets Forum Al’s BiggerPockets Member Blog 1031-Exchange Resources KickStarter.com BP Podcast Show 3 with Brian Burke The National Night Out Insanity P90X Books Mentioned in the Show Rich Dad Poor Dad The 36 Hour Real Estate Investing Course John Maxwell Al’s Book The Catalytic Landlord – on Kindle Serious Creativity by Edward De Bono Tweetable Topics: “Landlord tip for improving the neighborhood: Go and meet the neighbors!” (Tweet This!) “Often times things go unresolved because no one is operating as a leader. Are you?” (Tweet This!) “Spend time getting really good with your first investment before branching out.” (Tweet This!) “Sometimes you have to pay your ‘learning tuition’ and lose money when you take risks.” (Tweet This!) “Your real estate investment should be a physical representation of you.” (Tweet This!) “Why are you building wealth? The most successful leaders KNOW this answer.” (Tweet This!) About AlAL Williamson is Civil Engineer and landlord from the Sacramento, California area. Al has invested in real estate since 1996, focusing mostly on multifamily properties in urban areas. Al’s BiggerPockets Profile Al’s G+ and Facebook Al’s Blog: LeadingLandlord.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we sit down with Ryan Lundquist, a professional real estate appraiser in the Sacramento area. An appraiser is one of the most important professionals that you, as an investor, are likely to deal with over and over in your business. Furthermore, knowing how to deal with an appraisal, especially when it comes in too low, is a skill that can help any investor.Keeping with the “actionable content” approach that BiggerPockets is known for, this podcast will help you improve your investing by pulling back the curtain on the appraisal industry through our discussion with Ryan.Thank you to everyone who has subscribed in iTunes to help make us one of the top business podcasts in all of iTunes! Every subscription and every review helps us reach more people – so thank you!In Today’s Podcast, We Cover: How you can determine what a property is worth. When you should, and shouldn’t, use Zillow or other AVMs. How to challenge a bad appraisal. What to do when sales prices are higher than the appraiser will go. Dealing with the Hedge Funds in the market. Tips for getting your appraisal amounts higher by bringing your own comps. Dealing with FHA loans in your investments … and the dreaded FHA Appraisals. The most common property condition problems an appraiser is going to ping you on. How to deal with lead based paint in your investments. Links From the Show: Ryan’s Recent BiggerPockets Blog post: How to Challenge a Low Appraisal BP Podcast 004: Commercial Real Estate Investing With Frank Gallinelli How Legos Can Help us Understand Real Estate What Legos Can Teach us About Real Estate Part II Appraisal Woes – BiggerPockets Forum Discussion The BiggerPockets FHA Home Inspection Checklist FHA Lead In Your Home: A Parents Reference Guide Tweetable Topics: “The first step in discovering your property value is defining your location.” (Tweet This!) “Why not be proactive instead of reactive?” (Tweet This!) “In business, go in as a bridge builder, not a name caller.” (Tweet This!) “Investors: Get to know an appraiser – take them out to lunch, build that relationship.” (Tweet This!) “Understand your market at the same level that your appraiser does.” (Tweet This!) About RyanRyan Lundquist is a certified residential real estate appraiser based in Sacramento, CA. He provides appraisals and valuation consulting for a variety of clients including CPAs, attorneys, investors, home owners and lenders. Ryan is an avid blogger, bike rider, optimistic doer and family man with two sons. Ryan’s BiggerPockets Profile Ryan’s Company Website: SacramentoAppraisalBlog.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Investing in real estate while holding a full time job may not always get the most discussion in the real estate investing world – but there are thousands (if not millions) of investors who do just that. On today’s episode of the BiggerPockets Podcast, we sit down with Arthur Garcia, a busy part-time investor who has massed an impressive collection of rental properties while holding a full time job. This show is filled with a ton of really great tips to help any investor – large or small – be more efficient with their investing time. In addition – this was probably the most humorous show to date!Before we jump into it – we want to once again thank everyone for subscribing to our show in iTunes and leaving us a review. We are up to 99 Five Star reviews and over 25,000 downloads! Thank you to everyone!Read the transcript of Episode 6 with Arthur Garcia here.In Today’s Podcast, We Cover: How to invest when prices are too high in your area. How to get started with “buy and hold” investing when you don’t have much money or time. How to use use “cost to rebuild” to predict the future of your market. Why Arthur and his wife sold their primary residence to live in an apartment while buying rental property. The “super creative way” to find flexible lenders. How to find “Portfolio loans.” A great way to legally get around the “10 loan” limit for mortgages. Why investing while holding a job gives you an advantage. Tips for finding a great property manager. The story of a topless 90 year old woman that finally convinced Arthur to hire a property manager. Tweetable Topics: “You can’t save your way to serious wealth in retirement.” Tweet This Quote! “That first rental check fueled my addiction for real estate investing.” Tweet This Quote “Do everything you can to take advantage of the downturn in the market” Tweet This Quote! “You gotta draw a line in the sand and place your bet on where you think the market is going to go.” Tweet This Quote! “To invest in real estate while holding a full time job – you need to find ways to build systems.” Tweet This Quote “What makes the top performers stand out? The Art of the Side Hustle” Tweet This Quote! Links from the Show: BiggerPockets Summit – Conference 2012 Steve Landis Michael Zuber P90X Insanity Books Mentioned in the Show: The BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing The E-Myth by Michael Gerber Rich Dad Poor Dad by Robert Kiyosaki How I Turned $1,000 into Three Million in Real Estate in My Spare Time – by William T Nickerson How to Win at the Sport of Business by Mark Cuban About Arthur GarciaArthur Garcia is a buy and hold investor in Southern California who is buying up dozens of homes while working a full time job. Arthur acquires properties using a combination of hard money, HELOCs, partnerships and private investors. You can find out more about Arthur at: Arthur’s BiggerPockets Profile Arthur’s Blog – The Buy and Hold Guys.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Planning for death is not a topic a lot of people want to talk about. However, the discussion shouldn’t be avoided because it’s important that we prepare for the sake of our spouses, our children, our relatives, and our close friends. Today on the BiggerPockets Podcast we are talking with Neal Frankle, a Certified Financial Planner with unique insight into the financial side of death.This fascinating discussion will help you look at your death (and near-death) in a different way and give you the tools you need to move forward with the planning of your finances. This interview, like all of our BiggerPockets Podcasts, is full of real-world, actionable content without all the hype.As of today, we are up to 85 Five Star Reviews for the show! If you haven’t yet left us a review and want to help us build our audience, please click here to leave a review in your iTunes player. It also helps us out when you “subscribe” to the podcast in either your iTunes player or on your iPhone.Read the transcript of Episode 5 with Neal Frankle here.In This Week’s Podcast We’ll Explore: How Neal lost both parents before 18 years old and how that experience helped make him smarter financially. A unique technique for helping your spouse carry on your business after you die. How to plan for the sale of your business or your properties after you bite the dust. The benefit of real estate over retail businesses for succession planning. Why a trust is a terrific tool for every real estate investor. What a “Probate” is and how to avoid it with your future estate. Why you DON’T want a typical “Will” – and the one type of will you do need. The true purpose of life insurance… and which one is “evil.” How much insurance you really need. The best advice for investors looking to take control of their financial future. Links from the Show Neal’s Website: WealthPilgrim.com Neal’s BiggerPockets Profile Probate – A Primer on Probate Tweetable Topics “When it comes to your personal finances — put your big boy pants on, grow up, and do what’s required.” Tweet This! “Most people don’t “get” that one day – they are going to be gone.” Tweet This! “If you can make your business run without you, it becomes becomes all the more powerful and profitable.” Tweet This! “Everyone dies prematurely.” Tweet This! “The two types of life insurance: good and evil.” Tweet This! “Always have a mentor or accountability partner to bounce ideas off of.” Tweet This! “There is no such thing as impossible – just ‘I don’t wanna do it.'” Tweet This! Books Mentioned in the Podcast Money Academy for Couples by Neal Frankle The Total Money Makeover by Dave Ramsey E-Myth by Michael Gerber About NealNeal Frankle is a Certified Financial Planner in Los Angeles with over 25 years experience. Neal teaches others how to plan for their financial future at WealthPilgrim.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Commercial real estate is a powerful way to build and sustain wealth – yet is often feared or misunderstood by real estate investors. Luckily, on today’s podcast, we are excited to have a man who’s professional life is dedicated to teaching investors the ins and outs of commercial real estate investing, Frank Gallinelli. Frank is a best selling author, business owner, and real estate professor who definitely knows his stuff.This interview contains some powerful key metrics, data, and tools you’ll need if you ever plan on investing in anything more than a single family home. This interview, like all of our BiggerPockets Podcasts, is full of real-world, actionable content without all the hype.In This Week’s Podcast We’ll Explore: Why investors shouldn’t necessarily start with residential. When “Location, Location, Location” isn’t the most important. How to use “cap rates” with commercial properties. What a Triple Net Lease is and why it matters. How to use partners to finance investment properties. Lowering your tax assessment by challenging an assessor. Why chasing the “hot market” isn’t the way to build wealth. Why every commercial property is for sale Links from the Show RealData.com Frank’s LinkedIn Account Frank’s BiggerPockets Profile RealData.com BiggerPockets Company Profile BiggerPockets Summit Definitions: Equity Partner Cap Rate Net Operating Income Triple Net Lease Tweetable Topics “When choosing your real estate path, there’s not a “right” answer – but a “best answer” for each person” Tweet This! “You don’t buy an income property cause it’s pretty; you buy it because it makes money.” Tweet This! “There are no absolutes in anything – especially real estate.” Tweet This! “As a real estate investor, become an expert in your local area.” Tweet This! “Know the vocabulary of your business.” Tweet This! “There is no substitute for Due Diligence.” Tweet This! Books Mentioned in the Podcast The Big Short: Inside the Doomsday Machine by Michael Lewis Mastering Real Estate Investment: Examples, Metrics And Case Studies by Frank Gallinelli What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli Insider Secrets to Financing Your Real Estate Investments: What Every Real Estate Investor Needs to Know About Finding and Financing Your Next Deal by Frank Gallinelli 10 Commandments for Real Estate Investors by Frank Gallinelli – Download It Free! About FrankFrank Gallinelli is a best selling author and the President of RealData Inc, a software firm serving real estate investors and developers since 1982. Frank’s company is designed to help income-property investors analyze investment properties, structure partnerships, and produce presentations to buyers, sellers, lenders and equity partners. Learn more about your ad choices. Visit megaphone.fm/adchoices

In today’s show we talk with Brian Burke, a house flipper and real estate investor from Northern California with a fantastic story and fascinating business model.Two days ago, Brian wrote a wildly popular article on the BiggerPockets Blog titled, “Anatomy of the Grand Slam: How I Made $800,000 on One Flip” where he talked about flipping a large apartment complex using a combination of hard money and private capital he raised. In today’s Podcast, we’re going to look more in-depth at how Brian got started, the strategies he uses to flip over 100 houses per year, and how you can use the same techniques that he does to raise money for your next real estate deal.Last week, the BiggerPockets Podcast reached #6 on the Top Business Podcasts in all of iTunes. This is an enormous honor and we want to just take a minute to thank everyone who has taken time to listen on iTunes or leave a review. As of today, we are up to 49 Five Star Reviews. If you haven’t yet left us a review and want to help us out, please click here to leave a review in your iTunes player.Read the transcript for Episode 3 with Brian Burke here.In This Week’s Podcast We’ll Explore: How Brian started with no money, no experience, and without rich friends How losing money on early deals helped grow Brian’s business Investing in real estate when you look 15 years old. Why dealing with sellers is Brian’s least favorite strategy for real estate investing Brian, Brandon, and Josh’s differing opinions on using credit cards to finance real estate Why raising private capital is one of the most important jobs for an investor Three tips for raising private capital Why Richard Branson gets in a hot air balloon and sails around the world. How Brian funds dozens of real estate flips per month Using property managers to get you inside information The one piece of advice new investors can’t survive without. Using partners to invest in real estate Links from the Show Reg D Offering I.R.R. (Internal Rate of Return) The Anatomy of the Grand Slam Flip The BiggerPockets Radio Podcast 001 – Building a Successful House Flipping Business and Losing Millions with Marty Boardman BiggerPockets Facebook Page Tweetable Topics “If you don’t screw up – you don’t learn.”(Tweet This!) “They won’t say yes if you don’t ask.”(Tweet This!) “Sometimes failure is your biggest boost.”(Tweet This!) “Whether it’s Harvard, Yale, or on the streets of real estate school – every lesson costs you money.”(Tweet This!) “Sell yourself… the more track records your build, the easier you can raise capital.”(Tweet This!) “If you want to change your situation, change your vocabulary.”(Tweet This!) “A lot of this business is sounding like you’re smart – but you’ve gotta back it up.”(Tweet This!) “If you don’t love your work – you’ll never make it to the next level.”(Tweet This!) Books Mentioned in the Podcast Rich Dad Poor Dad Real Leaders Don’t Do PowerPoint David Lindahl Books Art of the Deal – Donald Trump Art of the Comeback – Donald Trump Think and Grow Rich – Napoleon Hill About BrianBrian Burke is co-founder and Managing Director of Praxis Capital, LLC, a real estate private equity investment firm created to provide high rates of return to his investors while tactically managing risk. He has been a real estate entrepreneur since 1989, and has purchased over 500 properties valued at over $150 million, primarily from foreclosure. Brian’s BiggerPockets Profile Brian’s Company Website: Praxcap.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we’ve got another great new BiggerPockets Podcast interview to bring to you, packed full of actionable tidbits and great conversation. Each week, we will be bringing you incredible real estate investing tips, training, and interviews with actual investors who are in the field, and who are making it happen. You can listen to the show online (below), download it later, listen on your smartphone, or via iTunes — all for free.On today’s show we talked with Karen Rittenhouse from KarensPerspective.com – an active real estate investor, author, trainer, and all-around great gal. Karen’s started investing in 2005 and has acquired well over 150 properties during her investing career. On this podcast, she shares with us exactly how she did it, and how you can use the same strategies to begin (or improve) your investing career.Read the transcript for Episode 2 with Karen Rittenhouse here.In This Week’s Podcast, We’ll Explore Why rentals are just like little oil wells – and how to get started owning them. How Karen bought over 150 properties, most without ever getting a mortgage. Dealing with sexism in the real estate field. Using the “subject-to” strategy to invest with no (or low) money down. How Karen made $9200 when purchasing her first project – with no money down. The two most important steps to avoid making mistakes. Karen’s technique to find motivated sellers and how to get deals from non-motivated sellers. Why Karen is changing her strategy to adapt for the future… should you? The most important first step for new investors. Karen’s fear when beginning – and the phone call that made her think she was going to jail. Links from the Show: Karen’s Profile on BiggerPockets www.KarensPerspective.com Karen’s Favorite Direct Mail Company: PostcardMania Books Mentioned in the Podcast “Essential Handbook for Buying a Home” by Karen “Essential Handbook for Selling a Home” by Karen “Essential Handbook for Landlords” by Karen “The E-Myth” by Michael E. Gerber “Secrets of the Millionaire Mind” by T. Harv Eker Tweetable Topics: “I don’t mind there’s a 1% in this country – I just want to get there” Click to Tweet! “Real estate investing works no matter where we are or what we’re doing. The checks still come in.” Click to Tweet “Rental properties are like “little oil wells” – no matter where I am – they keep pumping.” Click to Tweet “When talking with motivated sellers – don’t go in to close a deal. Go in to solve problems.” Click to Tweet “Without a good plan – it’s easy to quickly jump to the next shiny object.” Click to Tweet “You’re not going to get rich quick. It takes time – but the rewards you’ll reap long term are huge.” Click to Tweet “You never forget your first… (real estate deal!)” Click to Tweet “When it comes to marketing – everything works – just do something.” Click to Tweet “You’ve got to think bigger than a 40 hour work employee” Click to Tweet “We’re in the business of helping people – and we get paid for it. It doesn’t get better than that.” Click to Tweet “There’s never been a better time to be in real estate” Click to Tweet Karen Rittenhouse, along with her husband Jim have 11 employees, a real estate investing business, a full service real estate agency, a property management company, a coaching and training business, a lending company, and Karen has written 3 books on real estate. Connect on Twitter: @KSPerspective KarensPerspective.com Karen’s Profile on BiggerPockets Learn more about your ad choices. Visit megaphone.fm/adchoices