BiggerPockets Real Estate Podcast

You probably know Brandon Turner and David Greene as multimillionaire real estate investors. What you may not know, is that a decade ago this was a very different story. Brandon didn’t grow up in a wealthy family, and by his 20s, had packed on about $20,000 of credit card debt while spending $1,000 more than he could afford each month. David grew up in a family where finances were a constant stressor, he later vowed to himself that he would never let money problems hurt him or the people he loves.Now, both Brandon and David have made the long journey from rags to riches, and through investing in real estate they were able to pull themselves up by their bootstraps and reach financial independence. Today, we talk through the first five (of ten) steps that helped Brandon and David reach this financial feat. This is a great episode to take notes on, as becoming a millionaire is close to impossible without following most, if not all of these steps. While this episode isn’t entirely focused on real estate investing, a large part of being a successful real estate investor is financial intelligence. Even if you’ve made mistakes in the past with investments, debt, spending, or any other financial lever, following these ten steps will give you a solid framework to stair-step your way into millionaire status. In This Episode We CoverHow Brandon and David discovered their need for financial independence early in life Thinking of money the same way you think about fitness and healthReaching huge financial milestones, even if you started out with extra obstaclesFighting lifestyle creep and never falling into the Ferrari trap Building an income stream that is scalable, passive, and automated The “stair-stepping” method that leads to massive wealth accumulationAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelThe BiggerPockets BookstoreAlan CoreyGary KellerBiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash ComingBiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions with Cameron HeroldBiggerPockets Podcast 461: Defeating the “Enemy of Success” with Steven Pressfield (The War of Art)GoBundanceYNAB (You Need A Budget)MintOpen Door CapitalEmail Your Questions: podcast@biggerpockets.comCheck the full show notes here: https://www.biggerpockets.com/show503 Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to another episode of the BiggerPockets Podcast. Today, we’re trying a new format where David Greene and Dave Meyer bring on an expert in the real estate investing space and talk through all the market trends, legislature, and other factors influencing the housing market and economy.As our special guest, Kathy Fettke from the Real Wealth Network joins us to talk about housing market predictions in 2021 and beyond, the eviction moratorium (and its effects after ending), and where investors should start looking for opportunities. We touch on economic concepts like supply and demand, how this market compares to 2007’s bubble, why millennials are soon to become the biggest buying cohort in America, and the underbuilding crisis that we’re currently facing.If you’d like to request a topic for discussion or ask a question, send us an email at podcast@biggerpockets.com with NEWS in the subject line!In This Episode We Cover:Housing market predictions for 2021 and beyondComparing today’s high values to the values back in 2007The eviction moratorium and the impact it had on mom and pop landlordsUnderstanding the difference between the dollar crashing and home values skyrocketing When we will return to a more “normal” housing market Why millennials face an uphill battle when trying to purchase homesAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelDave's Real Estate NewsNMHC Rent Payment TrackerEmail Your Questions: podcast@biggerpockets.comCheck the full show notes here: http://biggerpockets.com/show502 Learn more about your ad choices. Visit megaphone.fm/adchoices

We’re back with another episode of “Seeing Greene” with David Greene! Listeners and investors have submitted their questions via video and through the BiggerPockets Facebook Groups and BiggerPockets forums over the past month, we’ve compiled some of the best (and most frequently asked) questions so David can answer them live on air!This episode goes over a handful of different topics with questions from agents, wholesalers, new home buyers, rookie investors, veteran investors, and others just trying to get into real estate investing. These questions are not only common, but crucial when trying to understand purchasing, structuring, and optimizing real estate investments.If you want to ask David a question, click here to submit a video for David to answer on the next “Seeing Greene”! Want an answer right away? Head over to the BiggerPockets forums to get help from millions of other real estate investors, just like you.In This Episode We Cover:How to become a star agent in a brand new (or competitive) marketShould you use points to get lower interest rates?How soon can you refinance a house purchased in cash?What are some factors of a successful short-term rental?How would David escape a triangle hold from Brandon Turner?How do you structure partnerships?And So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelBiggerPockets BookstoreDavid’s InstagramBiggerPockets BundleBiggerPockets Wealth MagazineSubmit Your Questions to David GreeneClick here to check the full show notes: https://www.biggerpockets.com/show501 Learn more about your ad choices. Visit megaphone.fm/adchoices

Robert Kiyosaki is arguably the most influential author in the finance, real estate, and investing space. His book, Rich Dad Poor Dad, has sold over thirty million copies and has been translated into forty different languages across forty different countries. Since its inception in 2002, Rich Dad Poor Dad has become almost every investor’s favorite book, prompting them to get out of the rat race, pursue financial independence, and teach them everything Robert’s “Rich Dad” taught him.Robert has seen numerous housing cycles, including crashes, booms, and busts. His knowledge of micro and macroeconomics is astounding (to say the least) and he has some strong predictions for the future of real estate investing and the global economy as a whole. We talk about capitalism, marxism, communism, inflation, debt, assets, liabilities, and everything in between. This episode is not only crucial for anyone who is a fan of Robert’s books, board games, and videos but anyone who truly wants to learn the game of real estate.As a general word of advice: Robert has some very strong opinions that he voices throughout this episode, and even if you disagree with any (or many) of them, it may serve helpful to listen to his full explanations of his takes. Robert has built an incredibly successful life, but started as a child of a financially dependent family, served in the marines during the Vietnam war, and has fought hard to keep capitalism alive and well in the United States, and abroad.Be sure to grab Robert’s new book, Capitalist Manifesto, and thank you for joining us for the 500th episode of The BiggerPockets Podcast!In This Episode We Cover:Why Rich Dad Poor Dad remains a timeless classic in the investing worldWhy Robert favors real estate, precious metals, and cryptocurrency above other assetsThe difference between an asset and liability, and why so many Americans confuse themWriting (and fighting) for freedom, prosperity, and wealth Paying attention to the macroeconomic trends and using them to make smarter investing decisionsThe assets that Robert is bullish on in today’s marketWhy you need to love studying real estate to become successfulAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelBiggerPockets BookstoreBrandon's InstagramDavid’s InstagramBiggerPockets BundleBiggerPockets Wealth MagazineBiggerPockets Podcast 479: 10 Powerful Lessons Brandon Learned Building a $50M+ Rental PortfolioRay Kroc's StoryDave Ramsey's WebsiteCashflow GameGoBundanceKen McElroy's WebsiteDavid's Guesting on Ken McElroy's ShowJordan Peterson's WebsiteCheck the full show notes here: https://biggerpockets.com/show500 Learn more about your ad choices. Visit megaphone.fm/adchoices

Many people call themselves “entrepreneurs” nowadays. Essentially, anyone who can make some kind of income on their own is an entrepreneur, but there is a big difference between an entrepreneur and a business owner. While an entrepreneur can start businesses, a business owner can build, enhance, and delegate out a business. This is something that today’s guest, James Wedmore, is proficient at.James’ experience in this field speaks for itself, he’s an 8-figure CEO, a highly sought-after coach for successful business leaders, and runs the Mind Your Business Podcast. He has a unique viewpoint when looking at growth, which allows many business owners to take a step back and think “what is truly achievable?”James helps business owners grow their businesses into scalable, profitable, and successful operations. He focuses on building a “machine” that can run as a business, as opposed to a business owner doing 10+ different tasks, solely because they can. He also talks about the importance of having urgency in your product offering and giving your business what it needs to thrive, not just trying to extract what you need from it.In This Episode We Cover:The difference between entrepreneurs and business ownersWhy so many business owners get bored of their businessAddressing the needs of your business and asking “what does it want from me?”Letting go of technician roles in a business and delegating tasksGetting rid of bad habits through mindful integrityForgiving yourself for mistakes, self-judgment, and blameAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelBiggerPockets BookstoreBrandon's InstagramDavid’s InstagramOpenDoor CapitalMind Your Business PodcastBiggerPockets Podcast 484: 3 Ways to Simplify Your Real Estate Investing with Brandon TurnerBiggerPockets Podcast 449: How Emails Are Constantly Destroying Your Productivity with Cal NewportClick here to check the full show notes: https://www.biggerpockets.com/show499 Learn more about your ad choices. Visit megaphone.fm/adchoices

When most people think about section 8 housing, they think of run-down homes, troublesome tenants, and negligent landlords. This stereotype may prove true in some markets, but for Dr. Joe Asamoah, this is far from reality.Joe has built his real estate portfolio by renovating homes to an incredibly high standard, situated in some of the best neighborhoods in the DC market, and all while under section 8 housing. Joe figured out early on that section 8 housing authorities gave much more rent money for houses with 5 bedrooms and up, so he started renovating to match the rent section 8 could provide him. This not only allows him to take home a sizable profit, but score tenants who will respect his homes as their own, and stay there for 15 to 20 years minimum. This is no joke, Joe has tenants who have been with him for two decades!You’ll see a deep dive of Joe’s latest property in today’s episode, complete with pictures, videos, and other helpful visuals. If you’re only listening to this podcast, we’d highly recommend checking out the video version over on the BiggerPockets Youtube channel!In This Episode We Cover:What the “Big City BRRRR” strategy entailsHow to control tenant turnover so you have ZERO vacancy Using section 8 to take in higher rentsHow to create a top tier product that attracts top tier tenants Becoming the best landlord a tenant could ask forAdding bedrooms, bathrooms, and getting permits for everything in betweenAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelBiggerPockets BookstoreBrandon's InstagramDavid’s InstagramBiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe AsamoahRookie Podcast 03: Coronavirus Crash? Do's and Don'ts from Recession Veterans Joe Asamoah and Steve RozenbergBiggerPockets Youtube: Big City BRRRR Strategy & Recession Proof Cash Flow Real Estate with Joseph Asamoah!Check the full show notes here: https://www.biggerpockets.com/show498 Learn more about your ad choices. Visit megaphone.fm/adchoices

We’re back for part two with The Multifamily Millionaire authors Brandon Turner and Brian Murray. This time, Brian is on the mic to give you the ten steps to purchase your first large multifamily property. You may be thinking that these ten steps sound too easy for such a large deal, but that is part of the advice that Brian gives.Brian wants smaller multifamily owners or even single-family owners to know that buying a large multifamily property is just more volume, not a completely different skill set. If you own one or multiple units right now, you may have more skills than most to take down a 100-unit apartment building or a big mobile home park. The only thing standing in your way is the mindset.This episode just scratches the surface of what’s possible in large multifamily real estate investing, the rest can be found in The Multifamily Millionaire Volume II. As a reminder, if you purchase before the end of August 2021, you’ll get a four-week multifamily masterclass, taught by Brandon Turner.In This Episode We Cover:Why chasing larger deals leads to larger profits Understanding the skills needed to become a successful multifamily investorShrinking your criteria down to a micro-level, not just a macro overviewStarting (or investing in) syndications so you can get into bigger multifamily dealsCapital stacks, debt, and other types of financing when buying large propertiesWhy underwriting is more than just putting numbers into a spreadsheetAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelBiggerPockets BookstoreBrandon's InstagramDavid’s InstagramBiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian MurrayBiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian MurrayDiscover the Multifamily Book bonuses Click here to check the full show notes: https://www.biggerpockets.com/show497 Learn more about your ad choices. Visit megaphone.fm/adchoices

For the most part, Brandon Turner was able to achieve financial independence through small multifamily investing. This is why investing in duplexes, triplexes, quadplexes, and even 24-unit apartment buildings can be a fantastic learning experience and money maker for new landlords. But how do you get started if you’ve never bought a property before?Brandon and his co-author of The Multifamily Millionaire, Brian Murray, walk through the seven steps to go from real estate onlooker to small multifamily master. We talk about everything from defining your criteria, financing, management, lead generation, and more. If you’re looking to build a portfolio of small multifamily properties that will allow you to break out of the rat race and do more of what you love (which may be large multifamily), make sure you not only listen to this whole episode but get Brandon and Brian’s new book!This is a two-part episode series. In part one we talk about small multifamily and in part two we talk about large multifamily, both episodes have crucial information for anyone trying to get into the multifamily space!In This Episode We Cover:The difference between small multifamily properties and large multifamily propertiesFinancial independence vs. generational wealth and understanding which goal you haveWhy you don’t necessarily need to start small in multifamilyDefining your crystal clear criteria and knowing what you wantOn-market leads vs. off-market leads and the pros/cons of bothFinancing small multifamily properties and house hackingThe “multifamily warp” that takes you from newbie investor to multi-millionaireAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Youtube ChannelBiggerPockets BookstoreRealtor.comLoopNetZillowJason Drees's CoachingRyan Murdock's InstagramMike Williams's LinkedIn ProfileMicah Cabagbag's InstagramBiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian MurrayBiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian MurrayCheck the full show notes here: https://www.biggerpockets.com/show496 Learn more about your ad choices. Visit megaphone.fm/adchoices

It often seems like the most successful people are the ones who take the most risks. There’s no surprise that at one point, billionaire entrepreneurs were given the choice to either stay where they stood or leap for something greater. This is something that today’s guest, Sukhinder Singh Cassidy, understands. She’s helped lead some of the biggest companies around like J Crew, Stitch Fix, TripAdvisor, and Urban Outfitters (just to name a few).The one thing that Sukhinder has found throughout her years in Silicon Valley and through writing her new book, Choose Possibility, is that groundbreaking leaders don’t just take one big risk, they take several small ones. This works for real estate investors too. If you’ve just gotten into real estate investing education, the first step for you isn’t to go out and buy a house, it’s to join a meetup, contact an agent, or even join the BiggerPockets forums. These are what Sukhinder calls the “minimum viable choice”. Don’t worry about doing everything, just do something!Sukhinder gives some great advice on leadership for those in executive business roles, plus how to find talent in this increasingly competitive market. If you’re just starting in your career, take Sukhinder’s advice and do great work for great people, the rest will fall into place.In This Episode We Cover:How Sukhinder’s love of entrepreneurship began“Coconut events” vs. “subway events” (and how you can plan for both)Embracing uncertainty and calculating your risksStarting in Silicon Valley and building a strong reputation Choosing to make the “minimum viable choice” whenever possibleHow to know whether you’re managing others or having others manage youWhat leaders and business owners can do to attract the best talentAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Youtube ChannelOpenDoor CapitalBrandon and David’s BooksBiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid VisionsBiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTokChoose Possibility WebsiteClick here to check the full show notes: https://www.biggerpockets.com/show495 Learn more about your ad choices. Visit megaphone.fm/adchoices

There’s a new three-peat on the BiggerPockets Real Estate Podcast, and no, it’s not Michael Jordan. Danny Johnson, the founder of Forefront CRM, is back with us on today’s episode to talk about the five F-words of real estate investing. Before you jump to conclusions, this is a family-friendly show, the F-words we’re talking about are fear, fundamentals, focus, funnel, and follow up.Many investors find too few deals, too few motivated sellers, or too few ways to find financing. This is all being said while other investors are closing deals, finding motivated sellers, and getting the financing they need to pursue even more deals. What separates the two from each other? Often, it comes down to the simplest things.Are you trying to be too creative or are you mastering the fundamentals? Do you know your metrics down to a tee so you can improve upon them? How is your funnel being filled and where are your leads coming through? If leads come through, are you following up or letting them fade away? And lastly, are you pushing past your fear to do any of the above things?If you feel like you’re stuck, without much of a handle on your real estate business, feel free to try Danny's Forefront CRM!In This Episode We Cover:How to create time freedom in a business largely depends on your effortsTracking how your team performs their work and continuously improvingPushing past fear and not allowing laziness to stop your dreams Understanding the fundamentals and performing them as well as possibleTracking and reviewing metrics consistently Knowing the costs to fill your funnel and seeing every phone call as a potential dealFollowing up with customers (without being too salesy or pushy)And SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Youtube ChannelBiggerPockets Podcast 018 : Flipping, Marketing, and Wholesaling with Danny JohnsonBiggerPockets Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny JohnsonTrelloPipedriveForefrontCRMBrandon's InstagramDavid's InstagramCheck the full show notes here: https://biggerpockets.com/show494 Learn more about your ad choices. Visit megaphone.fm/adchoices