BiggerPockets Real Estate Podcast

Nick Lamagna wasn’t planning on getting into real estate investing. When he finished college he knew that he wanted to go into law enforcement to help with counter-terrorism. He scored well on all the tests needed to be a great candidate for his dream job, but when he suffered a permanent hand injury, he was disqualified from working in law enforcement.During a period where Nick didn’t know what he was going to do, his mom forced him to read Rich Dad Poor Dad, which (like many of our listeners) changed his view on making money and having a career. After the initial interest was sparked, Nick started tackling real estate deals outside of his native state of New York.He faced challenges with getting mortgages, so he partnered with other real estate investors. He needed more cash, so he started wholesaling. The 2008 housing market crash happened, so he decided to start flipping. And now, Nick is going into bigger deals like commercial real estate and mobile home parks.Nick’s advice to new investors: think creatively, get comfortable with being uncomfortable, be in constant contact with your team, and don’t stick to one strategy.In This Episode We Cover: Long-distance real estate investing when your local market is too expensive  Building a buyers list for wholesaling and networking  Partnering with others who can finance real estate purchases  Why communication is key when doing long-distance renovations  Turning your weaknesses into your greatest strengths  And SO much more! Links from the Show 27 Interior & Exterior Preventative Maintenance Tasks for Rentals (Article) BiggerPockets Youtube Channel Brandon's Guesting on Nick's Podcast LoopNet BiggerPockets Podcast 461: Defeating the “Enemy of Success” with Steven Pressfield (The War of Art) Check the full show notes here: http://biggerpockets.com/show472 Learn more about your ad choices. Visit megaphone.fm/adchoices

We like to think that we have a lot of winners on the BiggerPockets Real Estate Podcast, whether they are in real estate or not. We may have one of the biggest winners on today's show. Tim Grover, trainer to Michael Jordan and Kobe Bryant joins us to talk about overcoming adversity, developing a winning mindset, finding what makes you fail, and his new book, accurately titled Winning: The Unforgiving Race to Greatness. Tim argues that one of the hardest things to succeed in is business since there are so many factors that influence success. When you own or run a business, you’re constantly being thrown curveballs (like a global pandemic tied with government shutdowns). So how do you succeed when there is a constantly changing game plan? You adapt, you overcome, and you mitigate failure.These are the exact lessons that Tim taught to his high-profile clients, like Michael Jordan and Kobe Bryant, arguably the two greatest basketball players of all time. Before MJ and Kobe became the best, they had to master being average, then being good, then being great. So many people want to take shortcuts to greatness, not understanding that mastering those different levels is what truly puts you on a different stage than those who master the average level and give up.In This Episode We Cover: What really holds people back when they say they want something Focusing on recovery and health before trying to up your abilities Becoming a constant reminder to others to win and shoot for success How to stop performing with emotion and start performing with energy Stop confusing “finishing” with “winning” Struggling with balance when succeeding in your career, family life, or anything else And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Podcast 433: You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses BiggerPockets Podcast 457: How Thinking 5 Moves Ahead Can Make You Millions with Patrick Bet-David Brandon's BiggerPockets Profile Brandon's Instagram David's BiggerPockets Profile David's Instagram Click here to check the full show notes: https://www.biggerpockets.com/show471 Learn more about your ad choices. Visit megaphone.fm/adchoices

There has been a great feud between Brittany Arnason and Host of the BiggerPockets Podcast, Brandon Turner. Both of them have done lots of renovations on houses, secured millions in funding, and live right next to the beach in Maui, but only one of them has won a “quickest person to get to 200,000 followers on Instagram” battle. We’re happy to have the winner on our show as a guest today!Brittany started out her real estate journey when she was 18 years old, buying her first rental property and tackling a multitude of different DIY projects. If you haven’t heard her story, you can check it out on episode 320. Now she’s back to talk about how she moved to Maui, hired out her employees, secured funding on commercial deals, and used social media to get her deals and connections.Her biggest advice to new investors, “jump in before you’re ready”. You won't ever have all the answers, but those who get started will finish far ahead of those who always dream about being an investor. You can also help ease the stress and unforeseen speed bumps by getting in groups with other investors, following those you look up to on social media, and becoming a resource for future mentors.In This Episode We Cover: Using social media to find deals, mentors, employees, and friends Generating leads in unorthodox ways  Fighting back against imposter syndrome and seeing your strengths Getting super cheap interest rates when closing on commercial mortgages Why the bigger deals tend to be the more passive ones Why whatever you believe can end up being true And SO much more! Links from the Show BiggerPockets Podcast 461: Defeating the “Enemy of Success” with Steven Pressfield (The War of Art) BiggerPockets's List of Agents BiggerPockets Youtube Channel BiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason Invest with Zasha's Instagram BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn BiggerPockets Podcast 292: 200+ Deals in the First Four Years with Ryan Pineda BiggerPockets Podcast 388: The 7-Step “Playbook” for Scaling Your Real Estate Business With AJ Osborne BiggerPockets Podcast 412: Start Investing in Large Multifamily? How to Do it, and Why (or Why Not) with Ashley Wilson BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber GoBundance BiggerPockets Podcast 343: Want to Work Less and Earn More? Think Like a Pilot! With Steve Rozenberg From Military to Millionaire Jason Drees Academy Real Estate Rockstars Podcast We Study Billionaires Podcast TikTok BiggerPockets Podcast 433: You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan Brandon's Instagram Check the full show notes here: http://biggerpockets.com/show470 Learn more about your ad choices. Visit megaphone.fm/adchoices

We interview a lot of great guests on our Sunday episodes of the BiggerPockets Real Estate podcast, but we rarely hear from agents, investors, and BiggerPockets listeners who are in an early stage of real estate success. Both Brandon and David know what it’s like to be grinding, day in and day out, to get your real estate business off the ground. That’s why they’re here today to answer questions from live listeners about mindset, mentality, and growth.We talk to Brody, Joseph, Wale, and Mike, all in different stages of their real estate journey, and all very committed to success! You’ll hear questions like: If given the chance to go back, what would Brandon and David do differently? What deserves more emphasis, mindset or skill set? Is it okay to explore different opportunities at an early stage of investing? How to find balance when SO many opportunities are exciting? How do you make time for family, a job, side businesses, and real estate? Why do investors lie to themselves? Thanks again to our guests for coming on and throwing such great questions at Brandon and David!In This Episode We Cover: Leaving your W2 job to pursue real estate and other opportunities How to harness your mindset to grow your specific skill set The power of house hacking, and how it pushes your portfolio forward Scaling bigger and faster (even if it’s scary) Developing the ability to adapt, so you can survive any situation How to stop making promises that you’ll fail to uphold And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Podcast 209: Flipping 83 Homes in the Last 18 Months with Kevin Carroll Gobundance Getting Started with Real Estate Investing: An Interview with My Real Estate Mentor  Click here to check the full show notes: https://www.biggerpockets.com/show469 Learn more about your ad choices. Visit megaphone.fm/adchoices

Last time we did a live Q&A, fans from all over came on to ask questions to Brandon and David. Now we’re back, answering the questions that BiggerPockets Real Estate Podcast fans have on their minds. We’ll go over a handful of questions, all from different investors in different parts of their real estate journey. Questions include: How can investors offload their unwanted properties to charities? How do I stop analysis paralysis even after so much research? Is it a good idea to buy in an area with a falling population? What metrics should I look for when scaling my portfolio? What’s the best niche to build wealth fastest? Plus other commonly asked questions Thanks again to our guests Nicole, Michael, Ryan, Owen, and Emily for throwing their great questions at Brandon and David!In This Episode We Cover: The biggest regret that most real estate investors have Scaling to bigger and better deals (with higher unit counts) Finding a mentor who can push you to accomplish BIG deals Using other people’s money to build your real estate portfolio The best niches for newbie investors to start out in And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel Restoring Eden BiggerPockets Podcast 414: 1300 Units in Real Estate Development at 30 years old with Evan Holladay Petey Pablo - Raise Up (Official Video) Open Door Capital 3 Reasons Multifamily Rentals Might Be the Perfect Investment with Paul Moore Evan Holladay's Instagram Charity Water BiggerPockets Pro Membership Getting Started with Real Estate Investing: An Interview with My Real Estate Mentor Check the full show notes here: http://biggerpockets.com/show468 Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone wants to be right all the time. We have so many preconceived notions running through our heads at all times, and we always think that we’re the ones standing on the right side of history. What if that train of thought was secretly pushing you to failure, or even death? Adam Grant argues this point in his book Think Again.Adam hypothesizes that the main reason so many businesses, relationships, and experiments fail is because those in them tend to be locked in on one view. How many times have you been in a fight with your partner where you realize you maybe wrong, but also realize it would be worse to back down from your original stance?This is how businesses like Blockbuster and Blackberry slowly faded away while the likes of Apple and Microsoft flourished. Adam talks through some of the best (and worst) moments in business history when companies thought they were too big to fall. The same goes for political candidates, social movements, and almost any other type of human-to-human interaction. The one way you can be sure you’re coming out with the right conclusion? Think like a scientist! In This Episode We Cover: The preacher, prosecutor, and politician mindsets  Valuing humility over pride and stopping your ideas from becoming your identity  How ego, image, and regret play into the way we act Blackberry vs Apple and how Steve Jobs made the right decision  Why you should give people FEWER reasons to back up a proposal Why “super forecasters” will never let a bias persuade them And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors Click here to check the full show notes: https://www.biggerpockets.com/show467 Learn more about your ad choices. Visit megaphone.fm/adchoices

Alan Corey has had an interesting career to say the least. He’s been an IT worker, a comedian, an author, a real estate investor, and even a reality TV star. Alan has always been fascinated with making passive income in a frugal, but very intelligent way. He’s so frugal in fact, that he made up a crazy story to be on the Jerry Springer show, just to get a free trip to Chicago out of it. Talk about being committed!Alan’s real estate story starts off with buying a 1 bedroom apartment in Brooklyn, New York, hanging up a curtain in the living room, and house hacking. He then repeated this strategy over and over again, becoming a millionaire before 30 years old, with a lot of property and “good debt”. Alan is part of the FIRE (financial independence retire early) community, but instead of investing mainly in stocks, he does so in real estate.His strategy is simple: buy a rental property for every bill you have, then start inventing “fun bills” as excuses to buy more rental property. Whether you’re looking to pay off your phone bill every month, or finance your brand new Tesla, this strategy will work for you. Alan also “hides money from himself” so he can be better off in the future. Right now he’s sitting on around $8,000,000 of real estate solely from his own investments.His new book House FIRE teaches you everything you need to know about retiring early with real estate!In This Episode We Cover: Chasing financial independence and early retirement with real estate Taking on “good debt” so you can grow you real estate portfolio faster Thinking of each property you buy as a “lottery ticket” Alan’s books: A Million Bucks By 30 and House FIRE The danger of high-interest consumer debt (like credit card debt) Seller financing and zero cash-flow triple net leases And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel Alan Corey's Video Sampler Dave Ramsey BiggerPockets Podcast 344: “No Money” Real Estate Investing with Gabriel Hamel BiggerPockets Business Podcast 13: 3 Rules for Crushing It in Business with ‘Shark Tank’ Star Barbara Corcoran Shark Tank Check the full show notes here: https://www.biggerpockets.com/show466 Learn more about your ad choices. Visit megaphone.fm/adchoices

If you don’t feel amped up to accomplish your goals, you definitely will after this episode. Today we talk to real estate agent, entrepreneur, author, and Million Dollar Listing New York star, Ryan Serhant. You’ve probably seen Ryan selling ridiculously nice (and expensive) homes on TV, but today you’ll be the private audience to hear his backstory, his work ethic, and how he developed his big confidence.Ryan moved to New York to become the next big star in theatre, but after seeing the financial position of those “successful” actors he looked up to, he made a pivot. Ryan got his real estate license and started listing apartments to pay his bills, but was given a golden opportunity when an foreign buyer specifically chose him to find her next multi-million dollar home in New York City. Ryan still remembers the lack of confidence he felt when he got the listing, and knew the only thing to do was educate himself and practice his pitch. Long story short, he helped the buyer find her dream home, and the rest is history.You’ll hear Ryan talk about the importance of confidence, not only in this podcast, but in his new book Big Money Energy. Brandon and David both agree with Ryan on how important, and often undervalued, having confidence is. Not just confidence in your work, but confidence that you’ll be able to accomplish the most challenging tasks you set for yourself!In This Episode We Cover: Selling the most expensive home in Florida Using the pandemic to springboard a new career or venture  Taking on a task, developing the confidence, and succeeding  Leaning to own the things that make you different from everyone else Stop focusing on the deals and start focusing on “the work” Many, many multi-million dollar deal stories And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Webinars BiggerPockets Blog BiggerPockets Bookstore BiggerPockets Podcast Serhant Brokerage Ryan's personal website Click here to check the full show notes: https://www.biggerpockets.com/show465 Learn more about your ad choices. Visit megaphone.fm/adchoices

Many, many people give up on real estate after just one bad deal, one bad tenant, or one bad flip. But what if you lost all you had from real estate deals, would you still be willing to bet on real estate? What if you lost it all twice? Welby Accely, has been in that position. He lost all he had, two separate times through dicey real estate deals. He never did give up on real estate, and now he’s sitting on 50 rentals and over 70 completed flips.Welby grew up in Brooklyn, and knew that his godfather was doing well in real estate, so when he got older, he decided to give it a shot. He invested in a multifamily deal in Atlanta, overleveraged himself, and had it foreclosed on him. A few years later, he had another Atlanta property taken from home. Welby was wiped out. He got scammed, lied to, and dove in too deep a couple times.After these tough experiences, he knew he had to do whatever he could to make sure his due diligence was top notch. He was later told about Connecticut, and decided to take some serious time exploring the market, building relationships, and networking. Then, he started flipping. 1 house a year, 2 houses a year, then 15 houses a year, and now 20 houses a year.Now, Welby takes young and aspiring real estate investors on “ride alongs” so they can see exactly what it’s like to be a real estate investor!In This Episode We Cover: How crucial it is to understand your market before you invest Never trusting a new partnership without proof of concept and contracts Pulling yourself back up after losing tens of thousands of dollars Putting in offers everyday so you can secure a deal Hard money loans vs. using your own capital Helping build other’s businesses so they stay loyal to yours And SO much more! Links from the Show BiggerPockets Forums Water Park Scam BiggerPockets Webinars BiggerPockets Blog  Check the full show notes here: http://biggerpockets.com/show464 Learn more about your ad choices. Visit megaphone.fm/adchoices

We often have famous guests come on the BiggerPockets podcast and talk about their deals, their businesses, and their journey. Today you’ll hear from one of the biggest real estate celebrities, Brandon Turner, as he goes through the 90-day challenge, preparing you to buy your first (or next) real estate deal in the next 90 days.You’ll hear Brandon’s story on why he went into real estate, how he grew his portfolio, and the exact steps he took to reach financial freedom and grow his portfolio to over 1,000 units! We’ll go through developing a real estate strategy, picking a niche, finding your “why”, finding a deal, marketing, financing, and calculating a real deal live on the (pre-recorded) webinar!This is the hand-down best place to start as a newbie investor or an investor who just wants to grab some more deals in the next 90 days. These actionable steps have helped hundreds of investors across the BiggerPockets forums, and can help make you a successful real estate investor sooner!In This Episode We Cover: Discovering your “why” behind investing, real estate, financial freedom How to find deals even in competitive markets  Going over a live deal using the BiggerPockets rental property calculator How to find your “home run number” that makes a deal great Using the L.A.P.S funnel to never run out of deals Financing and funding your first property (even with no or low money down) And So Much More! Links from the Show BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Podcast Open Door Capital The 90 Days Challenge Real Estate Investment Calculators Click here to check the full show notes: https://www.biggerpockets.com/show463 Learn more about your ad choices. Visit megaphone.fm/adchoices