BiggerPockets Real Estate Podcast

Hearing Bryce Stewart’s story may sound familiar to long-time BiggerPockets Podcast listeners. That’s because Bryce was on Episode 276 where he gave the great metaphor “vacuuming out the truck” relating to real estate investments.Bryce is back to talk about being a great mentor/mentee, what every contractor needs before working on a rental, how to go from active to passive real estate ownership, and his new book House-Hacker’s Guide To The Galaxy.Bryce understands what it’s like to be a new investor. Every step seems hard, the end result seems almost impossible, so where do you even start? Simply, take a step forward, no matter how small it is. Even just starting to save a few hundred bucks a month can be your first step towards becoming a real estate investor.As time goes on, these small steps become giant leaps, and what seemed impossible at first, can now be doubled since you have the know-how. Bryce takes us back to a time where he didn’t know how to get his property taxes lowered, but through very incremental steps was able to make a case and save himself thousands of dollars in the long run.Looking for a mentor? Stick around to hear Bryce’s top piece of advice for any new real estate investor. This simple tactic can help beginner investors know more about what they’re getting into and also show the mentor they’re serious about their new interest.In This Episode We Cover: Why small steps can lead to massive leaps in real estate investing How to go from an active to a passive investor Why newbies should know what collateral is and how it affects their loans What every contractor needs to have before they work with Bryce A specialized and creative new BRRRR strategy What you can do to get your foot in the door as a real estate investor And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Podcast 276: Early Retirement ($10k/Month) by Age 35 with Bryce Stewart BiggerPockets Webinars Docusign Dotloop M1 Mastermind YNAB Zillow The Crown (Netflix) Young Life Check the full show notes here: http://biggerpockets.com/show442 Learn more about your ad choices. Visit megaphone.fm/adchoices

When most people think of professional athletes, they usually think of superstars being paid millions every month (or even every week). Most people don’t come to realize that for everyone on an NFL team, that pay grade isn’t as high. That too, is what Hakeem Valles found out after being signed on by the Cardinals.Hakeem wasn’t making a lot, and realized that he was essentially throwing away $2,000 a month on rent. After one season with the team, he decided to go on BiggerPockets and ask around for agents and leads in the area. Hakeem ended up with a LOT of responses and found a great agent who helped him close on a fourplex, which he house hacked while practicing with the team.It’s hard enough to house hack when your tenants know you’re the owner, but it can be even harder when your tenants know you’re an NFL player. Hakeem’s advice: be a tenant of your own property and don’t let the other tenants know that you own the place. Doing this can help reduce some awkward encounters you may have.After retiring, Hakeem went on to do bigger real estate deals and partnered up on a 40 acre farm! He also owns Perspective Global Media, where he counsels other real estate professionals on how to grow their reach through social media platforms like TikTok and LinkedIn. Hakeem drops some gems towards the end of this episode on how you too can use TikTok to gain followers, clients, and partners!In This Episode We Cover: Why even professional athletes need to have multiple streams of income How a shocking event in Hakeem’s life changed his outlook forever Fighting income creep and keeping expenses low When renting does and doesn’t make sense for your financial situation The biggest mistake Hakeem made when living in his fourplex How to fight the fear of getting into real estate (and making mistakes) Using social media to leverage your personal brand and grow followers and clients And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Books Mentioned in this Show: Rental Property Investing by Brandon Turner The Go-Giver by Bob burg The 1 Thing by Gary Keller Click here to check the full show notes: https://www.biggerpockets.com/show441 Learn more about your ad choices. Visit megaphone.fm/adchoices

Believe it or not, TikTok isn’t just teenagers doing dances; there are actually some pretty influential investors on the platform. Meet Daniel Iles, a TikTok and Youtube creator who bought a staggering $1,000,000 in real estate during his first year of investing. Daniel was able to amass this serious sum of real estate while only putting $23,000 down. Now that’s impressive!Due to an aggressive goal of reading 60 books a year, Daniel picked up a book that many of our listeners have heard of, Investing in Real Estate with No (and Low) Money Down from our very own Brandon Turner. This unlocked the potential of investing in real estate for Daniel. He took advantage of FHA loans, using equity as down payments, and building his credit to get loans from small credit unions and banks.Daniel now owns 9 units and a combined valuation of almost $1,500,000, still with almost no money down. Daniel stresses that his success comes from systems. Whether it’s systems about credit cards, loans, tenant management, deal analyzing, or anything else related to real estate investing, systems are the key to keeping your sanity when things go wrong.He also has some tips for new investors trying to acquire a lot of real estate, in a small amount of time. Creating these systems for scaling will allow you to make smart decisions and invest in a way that doesn’t push you to burn out.In This Episode We Cover: Using TikTok as a creator, not a consumer, to connect with influential investors How Alaska real estate compares to continental United States real estate Securing houses with low or no money down Using equity in a house as the down payment Why small banks and credit unions may be more flexible when funding deals What Daniel looks for in his rental properties Tenant management systems for simpler investing And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore TikTok BiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok with Ryan Pineda Zillow Realtor Craigslist TenantCloud Tim Ferriss Check the full show notes here: http://biggerpockets.com/show440 Learn more about your ad choices. Visit megaphone.fm/adchoices

Last week’s show with Marie Forleo was so good that Brandon and David are back with a special guest, BiggerPockets’ senior producer Kevin Leahy, to unpack all the wisdom from the “figureoutable” show.Kevin learnt about Marie Forleo though his wife suggesting he take some of her advice when transitioning into his current position at BiggerPockets. A simple trick from Marie helped Kevin make some big decisions: see if your body expands or contracts when you think about two different options. This trick, along with her insight on writing your options down in order to take a step back from your situation, has helped Kevin make some hard decisions.If you listened to last week’s show, you’ll remember that Marie touched on how important marketing is in any industry. Whether you’re a real estate agent, a buy and hold investor, or a flipper, you have to be marketing to get clients, deals, and even employees. How are you differentiating yourself in the market, and what can you do to be “that guy” or “that girl” in your specific industry?You’ll also hear a special tip on how Kevin lost a deal to another buyer, and the exact tactic that the other buyer used to get the property under contract. Kevin goes through why this is such a great tactic for making sellers comfortable and how you can deploy it in your future deals as well.In This Episode We Cover: How to stop trying to force square pegs into round holes The importance of taking a step back when assessing the situation Harnessing intense emotions to make a better game plan Why every business person NEEDS marketing in their industry How to differentiate yourself within a market Standing out to sellers to get more deals underway And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store BiggerPockets Podcast 437: How Your “Worst Case Scenario” Can Set You Free From a Job You Hate with Marie Forleo Click here to check the full show notes: https://www.biggerpockets.com/show439 Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investing expert Anson Young shares strategies on finding great deals in any market, including off-market and on-market options. He emphasizes the importance of consistency and accountability in real estate investing and offers tips on distinguishing motivated sellers. The podcast also discusses challenges in finding deals in hot markets and the impact of 'Jocko' on the speaker's mindset. Overall, the episode provides valuable insights and resources for beginner and experienced investors.

Marie Forleo, world class coach, marketer, and author, grew up with a mother that did everything. Whether it was retiling the bathroom, fixing a leak in the roof, or performing electrical engineering on small appliances, her mother seemed to be able to figure out almost anything. One day she told Marie “everything is figureoutable”, which became the mantra for her career.Fast forward a decade or so, Marie is working on the floor of the New York Stock Exchange, surrounded by the mega rich. She was stressed out and felt that she wasn’t in the right place. After a prayer and a cry, Marie knew she needed to get out from a job that was slowly killing her. She made the jump and went after coaching, without any experience, money, or clients.Before she left her job she asked herself, “what is the worst case scenario if I leave”. She calculated it out, wrote it down, and realized, the worst case scenario really wasn’t all that bad.Marie strongly believes that although you can be a victim of circumstances, you should never victimize yourself and tell yourself that you “can’t” do something. Everyone has the ability to reach their full potential, but once you start putting up excuses, it’s hard to get there.“Feel the fear”, that’s what Marie told herself in those trying times, and continues to tell herself and her clients that everyday. As she puts it “Fear is really trying to tell you to move towards something”. As real estate investors, this is something we can all relate to, but often don’t put into practice. Well, now's the time to!In This Episode We Cover: The 3 rules of “everything is figureoutable” The power of neuroscience and how you can use it to shape your behavior How would you behave if you were the best in the world at your job? Changing your limiting beliefs to reach something greater Knowing when to leave a bad job and having a plan for the worst case scenario Feeling the fear and running towards things that scare you Pulling yourself out of the victim trap (even if you are a victim) And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Everything is Figureoutable Website Marie's B School Click here to check the full show notes: https://www.biggerpockets.com/show437 Learn more about your ad choices. Visit megaphone.fm/adchoices

There’s a limiting belief that many people have: “I can’t do this thing because I have no experience”. Jamie Gruber disagreed with this line of thinking. Even with no multifamily experience, Jamie decided he wanted to be a multifamily investor. So what did he do? He started the Multifamily and More meetup to network with existing multifamily investors.This didn’t mean that Jamie had no experience in real estate, he had a small portfolio of single family homes that he started to landlord by accident. Even with no experience in the multifamily space he was interested in, he was able to secure a deal with a member of his network.Now with 21 chapters and 10,000+ members, Multifamily and More has become a big part of the multifamily investing community. It grew because, as Jamie describes, he added value, stayed consistent with meetings and postings, and built an online community that could network and interact (even during COVID).Jamie gives his tips on starting a lasting community, how to navigate meetups during COVID lockdowns, finding the best partners for multifamily deals, and the importance of cash reserves when buying a property. Many single family investors want to transition to multifamily, if you’re part of that demographic, join Multifamily and More!In This Episode We Cover: Turning your primary residence into a profitable investment instead of selling The importance of having cash reserves available when doing deals How to break through single family investing and start growing a multifamily portfolio What a business partner needs to see in you before they can offer you deals, money, or experience The difference between financing residential deals and financing multifamily deals Why you need to have a good operating agreement when partnering on deals And SO much more! Links from the Show BiggerPockets Forums David's Instagram Brandon's Instagram BiggerPockets Podcast BiggerPockets Podcast 266: How We Used a Partnership to Buy 900 Units with Jake and Gino Meetup.com Gobundance Emerge Zoom BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn  Check the full show notes here: https://www.biggerpockets.com/show436 Learn more about your ad choices. Visit megaphone.fm/adchoices

Scott McGillivray is back for this second part of his amazing interview. Last time we talked about the nitty gritty of Scott’s investments, how he started to acquire houses, and building his empire. Now we’re touching more on the mindset of what makes Scott so successful, and how you can put yourself in his shoes.Many people may know Scott from his HGTV shows, but maybe you didn’t know he was once in a boy band. Seriously. He took dance classes, convinced his friends to join him, and sold out some shows, but the takeaway from this short-lived boy band was priceless. If you see someone else finding success with something, use their blazed trail to find success yourself.From his boy band, to being on student council, and even the passing away of a loved one, Scott learned valuable lessonsthat he took with him for the rest of his life, and now gets to share with the BiggerPockets audience.Scott goes on to share a story that made him pivot the direction of his life as a teenager, and lead him to become the real estate mogul he is today. Scott goes through his top pieces of advice for young people and proves how planting seeds for investments early leads to acres upon acres of residual fruits for decades to come.In This Episode We Cover: How Scott manages his hectic life between companies, shows, and family Why successful people aren’t afraid of failing What young or inexperienced investors should do when they feel scared of taking a risk Why Scott says you “can’t lose money in real estate” The importance of talking to those who are older and have more experience than you Scott’s top pieces of advice for young people just starting out their careers How Scott runs his companies and what he’s doing to be a better leader How you can be the MVP of your company  And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Books Mentioned in this Show: E-Myth by Michael Gerber Built to Sell by John Warrillow Click here to check the full show notes: https://www.biggerpockets.com/show435 Learn more about your ad choices. Visit megaphone.fm/adchoices

Do you like watching home improvement shows such as Income Property, Vacation House Rules, and Buyers Bootcamp? If so, you’re in luck! Joining us on the podcast is HGTV host Scott McGillivray! Scott has been hosting some of the best real estate investing and construction shows for over a decade now, and if you like BiggerPockets, you’ve probably seen an episode of one of Scott’s shows!Scott’s investing career started long before his TV network deals. As a student in college, Scott accidentally stumbled upon his landlord’s mortgage statement of account. He realized that him and his roommates were paying a few hundred dollars over what their landlord was paying monthly for a mortgage. That was the lightbulb moment for Scott. It was time to get into real estate investing.While in college with no job, very little money, and no experience, Scott bought a house and moved out of his rented room. Now he wanted more. Over the next few years Scott started amassing more and more rentals, taking as many financing options as he could get his hands on. By the time he was 25, he already had 25 units and a significant amount of profit coming in every year.This only pushed Scott to strive for bigger and better deals. Now Scott owns hundreds of rentals, and spends his time between Florida and Canada, finding more deals, and fixing up more rentals.Scott is a tried and true investor, one who has gone through different market swings, different fads, and many different tenants. While he’s only in his early 40s, he has amassed an extensive knowledge of the real estate space. It’s no surprise he’s one of Brandon’s real estate heroes!If you liked this episode be sure to tune in this weekend for part 2 of Scott's interview!In This Episode We Cover: When is the best time to get started in real estate? Why most people are scared to invest, and what pushes them to finally do it Amassing a small real estate empire even while you’re young How to take advantage of financing offers and how Scott closed on 8 houses in the same day Why you need to give your investing career time to start rolling What a “double offer” is, and how you can use it to beat others to a deal Why you should take action even when the market is uncertain The ScottMc Method And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Shirt BiggerPockets Podcast Income Property Show Grant Cardone Brandon's Guesting in Scott's Podcast Check the full show notes here: http://biggerpockets.com/show434 Learn more about your ad choices. Visit megaphone.fm/adchoices

You may have heard a speech from Ed Mylett (AKA the greatest speaker of today) sometime before this episode, but maybe not like this. For those who don’t know, Ed Mylett is a renowned speaker, entrepreneur, real estate investor, author, and podcaster. He has started businesses worth millions and continues to teach entrepreneurs through his personal brand.What many people don’t know is how much Ed loves real estate. That’s right, you heard it first on BiggerPockets! It’s not the speaking, writing, and podcasting, it’s owning cash flowing properties. As a matter of fact, he just closed on one recently with his son and did an astonishing $100 million in real estate deals in 2020.Ed emphasizes the importance of faith, generosity, and most importantly, setting your life at a high standard. These seem to be the key thought processes that many other successful entrepreneurs have, and again proves Ed’s point on their importance.It’s not easy being in real estate, especially when the deals get big (we’re talking $25M+ deals). Ed cautions young investors to not bite off more than they can chew, or as he puts it “don’t take a loss where you can’t fight again”. In a world full of mega-leveraged investment opportunities, this might be the advice new investors need to feel confident going forward.This episode also dives into the importance of having a purpose, whether related to faith or not, and how you need to chase the life you want, set your standards high, and do the most impactful things to accomplish them.Links from the Show BiggerPockets Podcast BiggerPockets book store #Maxout Your Life Website Books Mentioned in this Show: #Maxout Your Life by Ed Mylett E-Myth by Michael Gerber Click here to check the full show notes: https://www.biggerpockets.com/show433 Learn more about your ad choices. Visit megaphone.fm/adchoices