BiggerPockets Real Estate Podcast

Paul Moore, an author and real estate educator specializing in self-storage, discusses the benefits of investing in self-storage over traditional real estate. He highlights the significant financial advantages, like massive tax savings and low maintenance issues since there's no need for tenants. Paul shares practical strategies for building a self-storage empire, the intricacies of evaluating investment operators, and the impact of small revenue increases. He also emphasizes the importance of aligning investment with purpose, addressing broader societal issues.

If you own a single-family rental or a portfolio of single-family rentals, the world of large multifamily may seem scary to you. There are so many more tenants and units, there’s a different financing structure, and what about finding the deals? At some point, many investors make the jump into the world of multifamily, and they rarely look back. One of our own, J Scott, did the same when he offered a year's worth of work for free in order to learn the multifamily game.Joining him today are multifamily syndicators and thought leaders Ashley Wilson, Brian Burke, and Joe Fairless. Together these four investors manage over two billion dollars worth of multifamily real estate. And just like many listeners, they at one point started at zero.J uses this episode as a multifamily roundtable, asking each of these veteran investors about the state of the housing market, where to invest, how to plan an exit, which strategies they use when investing, and how rookie investors can get started. Regardless of your unit count, experience, or real estate skills, all these investors believe that with some hard, creative work, you too can succeed in multifamily!In This Episode We Cover:Why 2021 was the “perfect storm” for multifamily (and whether or not it will continue)Cap rate and why it isn’t as great of a metric as most investors think it isCreating an entrance and exit plan for a large multifamily dealFinding the “value-add” that will make you and your investors more moneyHow to analyze a multifamily market using a number of demographic metricsTransitioning from single-family investing to multifamily successGrowing relationships with owners, brokers, and multifamily vendorsAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelUHaulJoe Fairless's PodcastMatthew McConaughey University of Houston SpeechCheck the full show notes here: https://biggerpockets.com/show532 Learn more about your ad choices. Visit megaphone.fm/adchoices

Dan Harvey, known as 'The Real Estate Man,' specializes in transforming vacant commercial properties into profitable multifamily units. He discusses the significance of understanding zoning codes and maximizing property value through creative conversions. Dan shares how this strategy can yield greater profits than traditional investing and explains the BRRRR method's adaptation. He encourages newcomers to consider multifamily conversions and highlights the importance of connecting with others in the industry to learn and grow.

Nolan Gottlieb, a former college basketball player turned real estate investor, shares his inspiring journey and strategies for success. He reveals his six-step process for uncovering off-market properties, emphasizing the importance of perseverance and creative communication. Nolan discusses how passive income can provide long-lasting wealth, and he highlights his remarkable accomplishment of acquiring a fourteen-unit apartment building as a rookie. Tune in to discover how to find hidden gems in real estate and transform challenges into opportunities!

Dive into the world of creative financing as experts discuss how to overcome cash shortages and credit issues in real estate. Learn about innovative tactics like novation agreements for negotiating deals and the impact of current market cycles. Discover whether forming an LLC is essential when purchasing properties and uncover the advantages of outsourcing tasks to boost productivity. Lastly, find out what to do if a seller won’t budge on offers, ensuring you navigate negotiations effectively.

Pace Morby, a master of off-market deal-finding and creative financing, shares his vast experience from closing over 500 off-market deals. He reveals the five crucial questions to ask sellers, designed to make them comfortable and open during negotiations. The conversation delves into understanding sellers' motivations, the importance of storytelling, and why empathy trumps aggressive tactics. Morby also emphasizes finding the 'bunnies' in each deal, helping sellers articulate their true needs while fostering a collaborative and trusting environment.

Pace Morby, a seasoned real estate investor known for his expertise in creative financing and seller financing, shares his journey from contractor to successful investor. He dives into innovative strategies for building a rental portfolio without relying on traditional bank financing. Listeners will learn about the power of subject-to deals and how to effectively communicate with sellers. Morby also discusses the importance of outsourcing and leveraging social media for real estate success. This conversation is packed with practical tips for aspiring investors!

In this engaging discussion, Jeff Watson, an attorney and self-directed IRA expert, sheds light on the proposed Build Back Better Bill and its concerning implications for real estate investors. He labels the bill a 'nightmare' for those seeking private funding. Amidst ongoing inflation, the hosts share strategies to protect investments and the crucial need to act quickly. They also explore the challenges smaller investors face against bigger players in today's tightening market, emphasizing real estate as a resilient hedge against economic uncertainty.

Geoff Woods, host of The ONE Thing Podcast, shares his expertise in intentional goal setting and achieving extraordinary results. He discusses the need for clarity in life and business, emphasizing the importance of aligning personal values with goals. Geoff advocates for a transformative approach to goal setting that focuses on passion over mere outcomes. He also explores the dynamics of intentional goal setting in partnerships and reflects on personal growth in uncertain times, urging listeners to redefine success beyond traditional metrics.

Chandler David Smith, a sales trainer and real estate investor, shares his journey from a broke college student to managing over 300 units. He discusses how mastering sales techniques can unlock success in real estate, including building trust and handling rejection. Chandler emphasizes the value of genuine connections in sales and how it translates to better real estate deals. He also shares insights on investment strategies, highlighting unique opportunities like mid-priced properties and self-storage, making it clear that resilience and communication are key in closing deals.