BiggerPockets Real Estate Podcast

Has anyone ever told you “you’re really good at that, you should make a business out of it”, if so, you may have inadvertently found your “unique ability”.Author and coach Dan Sullivan joins us to talk about the secrets of success behind the 20,000+ entrepreneurs he’s coached over the past few decades. If you’re finding it hard to scale up your business, hire on more staff, or get rid of the stuff you hate doing, Dan probably has an solution for you.As someone who’s built a coaching empire AND been bankrupt twice, Dan knows a thing or two about what makes asuccessful enterprise, and what doesn’t. His key to success? Create a self-managing company, that allows you, the entrepreneur, to do what you really love.Hate going through spreadsheets? Great, hire someone who loves it! Don’t like picking up the phone to talk to investors? Cool, get someone who likes to chat! Love giving presentations to prospective clients? Great, make it your main job!Whether you have one employee or thousands of employees, Dan shows how simple it is to designate tasks, get the right person doing the right thing, and free up time for you and the whole team! The best way to hear Dan’s advice and grow your company? Listen to this episode!In This Episode We Cover: Finding your “unique ability” and using it to build a business The 4 freedoms of an entrepreneur (and why they’re so important) How to create a “self-managing” company Why procrastination is a great tool Why the future of business is reliant on teams How to hold a team together when building your business Whether you’re a “simplifier” or “multiplier” entrepreneur How not to get bogged down in an abundance of choice in the modern age And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Strategic Coach Website Click here to check the full show notes: https://www.biggerpockets.com/show423 Learn more about your ad choices. Visit megaphone.fm/adchoices

Amanda Young stumbled into real estate. After being let go from a job, dealing with a family emergency, and homeschooling her son, Amanda knew that she had to find a way to provide for her family, but also allow her to discover her hidden edge.After finding BiggerPockets and joining a local REIA (real estate investors association), she decided to take the jump and buy her first rental. Now, in 2020, she has 7 rental properties and a flourishing flipping business, working with a partner that matches her energy.Amanda found her localized niche by targeting owners of “sinkhole homes” and offering them deals that not only made sense for the buyer, but were a steal for her. She then used creative financing (really creative) to get these homes under contract.Amanda is the definition of someone who has grit, and is willing to work hard to earn their piece. She talks through Section 2 deals, 1031 exchanges, refinancing, and even how to “COVID-Proof” your tenants, so when the next global emergency happens, you’ll be ready.In This Episode We Cover: How to fight your analysis paralysis and get deals done What probate deals are and how to find leads Why owner financing can be a win-win for buyers and sellers How Amanda found a niche in “sinkhole homes” Why it’s important to find a niche that others would run from How to “COVID-Proof” your rental properties Getting ahead as a woman in a male-dominated industry (flipping) Empathizing with the seller so you’ll win negotiations (even with less money) And SO much more! Links from the Show BiggerPockets Forums David's Instagram Brandon's Instagram BiggerPockets Podcast Sinkholes: Swallowed Alive (Discovery Channel) BiggerPockets Podcast 412: Start Investing in Large Multifamily? How to Do it, and Why (or Why Not) with Ashley Wilson Check the full show notes here: https://www.biggerpockets.com/show422 Learn more about your ad choices. Visit megaphone.fm/adchoices

Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin.What you may not know is Joshua’s journey in founding, building, scaling, and finally leaving BiggerPockets. It was a hard decision for Joshua to leave, but thanks to his amazing team, he was able to (even during a time of tribulation in his personal life).You’ll hear how Joshua was cranking out 100 hour weeks, working 7 straight days, for the first 6 years of BiggerPocket’s existence. He later transitioned to building a team, starting with the BiggerPocket Podcast’s very own host, Brandon Turner.This later snowballed into more hirings, with the BiggerPockets growing faster and faster, and being able to scale larger and larger. Just at the time when things were starting to go from big to bigger, Joshua had to take time off to take care of his daughter’s medical emergency. This caused a shift in Joshua’s reality, so he dropped everything.This keynote speech goes deep into what really matters most. It’s not money, it’s not success, but it’s something that matters even more: fulfillment and family.Check out the video on our Youtube channel, and be sure to give Joshua a follow on Twitter at @jrdorkin.In This Episode We Cover: The history of BiggerPockets and how it grew to what it is today Why “knowing everything” usually means knowing nothing The importance of hiring smart, capable people How to listen to your body and mind, to find out what you need most Why you shouldn’t work 6 years straight with no time off Why you need to do the “Big Scary Thing” How life forces you to account for what matters most Why Joshua Dorkin has 3 dads And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Click here to check the full show notes: https://www.biggerpockets.com/show421 Learn more about your ad choices. Visit megaphone.fm/adchoices

David Grabiner takes the term “long distance investor” to the extreme. While he was a hospital administrator in the Democratic Republic of Congo, he was calling real estate agents in Chattanooga, Tennessee trying to scoop up multifamily deals.David started out by partnering up with his father, buying a quadplex that helped him get his initial training in property management. He later scaled up his and his father’s investment portfolio to 24 units, and then, within 3 years, scaled up his own investments to 150+ units!This meant that David had to quit his job and go full-time into real estate investing. He did it, and he isn’t looking back! Now David is a deal-finding machine, buying directly from listing agents and becoming one of the go-to multifamily investors in Chattanooga.Whether you own one single family home, a dozen duplexes, or hundreds of apartment complexes, you’ll take something away from David’s in depth discussion on property management, landlording, and tenant screening.In This Episode We Cover: Finding your “unfair advantage” and how it can help your investing career Approaching different investors with different points of view The importance of networking for off-market deals Why you shouldn’t be scared to be “the owner”, and actually use it to market yourself to others How to find, screen, and keep tenants in place How you can quickly increase a property’s value (simply by being a great property manager) Finding the “sweet spot” in multi-family deals Setting up systems for automated property management (so you can scale!) And SO much more! Links from the Show BiggerPockets Forums David's Instagram Brandon's Instagram BiggerPockets Podcast Buildium Collegedale Credit Union BiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss Rent Manager Check the full show notes here: https://www.biggerpockets.com/show420 Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever missed out on an important moment because you were staring at your phone, distracted by TV, or just zoning out? Nir Eyal, author of Indistractable, felt the same way when he missed an important moment with his daughter because he was locked in on his phone.This spurred Nir’s curiosity on why people get distracted, what they’re getting distracted by, and how people can turn their distractions into the opposite: traction. As a business owner, angel investor, Stanford lecturer, and father, Nir understands what it feels like to live a hectic life, but he also understands that most of the time, we ourselves are the ones making it hectic.So what prompts us to take action? What prompts us to take inaction? How can we make ourselves do the things we need to do, with better results, and still have time for our children, relationships, hobbies, and even down time?It’s all possible, and the key to a distraction-free life is even easier than you would think. In This Episode We Cover Why most people know their distractions, but not how to eliminate them  Why we need to “get out of our own way” to accomplish our goals How to find your “traction” and use it to get ahead The 4 steps to eliminate distraction  Understanding your values and using them to schedule your time How to “time box” your calendar and get your tasks done Leaving the victim mentality behind and empowering yourself to do what’s important The 3 “life domains” that we revolve around  Why you need to prioritize consistency over intensity  And So Much More! Links from the Show BiggerPockets Podcast Indistractable book’s Website Nir’s schedule maker tool Article “Why schedules are better than to-do lists” Brandon’s Instagram David’s Instagram Books Mentioned in this Show Hooked by Nir Eyal Indistractable by Nir Eyal Connect with Nir:Nir's website Learn more about your ad choices. Visit megaphone.fm/adchoices

Alex Camacho has had quite an interesting career path, and he’s just getting started! From a bank teller, to the mortgage business, to property management, and even Airbnb arbitraging, Alex took his time in acquiring the skills to succeed in real estate.In this episode, you’ll hear Alex talk about how he became successful at locking down deals, finding the “pain points” of sellers, and how to have empathy when closing. You’ll also hear how he analyzed over 5,000+ deals, leading him at one point to close on 8 deals in one month (seriously!)You’ll hear Alex go through his off and on-market strategies, and how to steer clear of deals that won’t make the cut. In just 16 months on his own, he’s done 14 deals, some with six-figure profits (each), and how he’s using social media to get even more!In This Episode We Cover: The importance of apprenticeships in real estate The art of saying “no” as you grow into your role Why it’s crucial to surround yourself with high-level investors and entrepreneurs How to get great at analyzing deals, so you can close on the best ones! Using the “LAPS” funnel to drive leads and grow your portfolio Finding the “pain points” sellers have, and how to empathize with them Using social media as a tool, instead of a distraction And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Keyword Alerts BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber BiggerPockets Webinars BiggerPockets Calculators BiggerPockets Pro BiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason BiggerPockets Podcast 292: 200+ Deals in the First Four Years with Ryan Pineda Check full show notes here: http://biggerpockets.com/show418 Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you a new or aspiring real estate investor who hasn’t locked down your first deal? Or maybe you haven’t hit your personal goal or unit count yet. If so, you may need to tweak your mindset to reach new heights.Brandon and David are back flying solo on this weekend’s episode to talk about the 9 mindset changes that make successful real estate investors, well, successful! You’ll hear them dive deep into each mindset change, with examples from their investing careers, and how they made the leap to change their mindsets for the better.If you’re looking to cultivate a healthier relationship with real estate investing for the better, this is an excellent episode to take some notes!Whether you’re brand new to investing or just looking to level-up your current portfolio, you’ll take away some important lessons on this weekend’s episode.In This Episode We Cover: Why many new investors haven’t done their first (or second) deal yet Understanding the cost of inaction (and how it can work against you) Focusing on the big picture without being bogged down with details Building your investment criteria to know what you want Turning “base hits” into “home runs” “Running towards hard” and taking responsibility for doing the work Thinking outside the box, regardless of your career, investor level, or experience Gathering experience and keeping the momentum going Using off-market techniques to get on-market deals (and vice versa!) Letting go of expectations for your deals And SO much more! Links from the Show BiggerPockets Podcast BiggerPockets Podcast 413: Matthew McConaughey on Vision, Preparation, and Balancing Ambition with Family & Freedom Click here to check the full show notes: https://www.biggerpockets.com/show417 Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever wanted to know how Mark Cuban, Richard Branson, and Warren Buffett seem to invest with ease? Or how you can leverage and measure your risk to make billionaire financial decisions?On this episode, Stig Brodersen – investor, teacher, and host of the popular We Study Billionaires podcast – brings you his distilled wisdom on success, mindset, the stock market, and the 3 universal traits shared by ultra-elite investors (and no, they don’t include flying first class or eating copious amounts of caviar).Early on in his story, Stig found himself dissatisfied with his job and needing a change. So, he did what any rational person would do, and began studying billionaires starting from the top of the Forbes 400 list. He didn’t get far before he “found his fire,” discovering passion and community in studying the stock market and the most heralded investor of all time: Warren Buffett.He has since interviewed hundreds of guests on his podcast, and unearthed countless pearls of wisdom that he shares with you in this episode.You might be thinking: “They’re interviewing a stock market investor on a real estate podcast?” Yes, and any real estate investor could learn a thing or two!As a practiced student of the financial markets, Stig calls out all-too-common mistakes made by new investors, and shares a blueprint for you to use to determine if and how to get started in the markets, regardless of experience.In This Episode We Cover: The 3 timeless traits of billionaires Why real estate investors should “cross-train” in the stock market Assessing best- and worst-case scenarios Why you need to "resonate" with your chosen asset class Why real estate is an asymmetric bet with high reward for relatively small risk How to get into investing in the stock market with little-to-no experience Common mistakes of new stock market investors How a BiggerPockets member saved Stig's life on an overseas trip (really!) Links from the Show BiggerPockets Podcast The Investor's Podcast Network's list of best investing podcasts The Investor Podcast Network Click here to check the full show notes: https://www.biggerpockets.com/show415 Learn more about your ad choices. Visit megaphone.fm/adchoices

The harder the problem, the bigger the reward... and real estate developers who can solve affordable housing problems can do very, very well.Enter today's guest, Evan Holladay, who reached 1,300 units before the age of 30 through a combination of focus, relationship-building, and a deep understanding of the rules of the game.In this high-level episode, you'll learn how Evan and his team apply creative financing techniques to multimillion dollar projects; how they takes advantage of tax credits and grants and put together public-private partnerships; and why patience and persistence can lead to huge profits in the development game.Whether you plan on getting into bigger deals in the future or not (Evan wants 100,000 units!), this episode will inspire you to start thinking like a big-time investor, strategist, and leader.In This Episode We Cover: Listening to "what fires you up" when getting started Evan's apprenticeship for a student housing developer What a public-private partnership is Using tax credits to make a profit building affordable housing How he creatively finances big multifamily deals How he manages risk Why “it’s more valuable to control real estate than to own real estate” Why development is such a big opportunity in markets where "it's too expensive to invest where I live!" And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Shirt How to Invest In Real Estate With Only $1,000!? BiggerPockets Podcast 353: Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode LoopNet Check the full show notes here: http://biggerpockets.com/show414 Learn more about your ad choices. Visit megaphone.fm/adchoices

You, BiggerPockets listener, may have more in common with Matthew McConaughey than first realized...Changing careers. Wondering how family life fits in with a hard-driving work ethic. Embracing spontaneity, but learning that success comes from making the choice today to "be kind to your future self."The Oscar-winning actor covers those topics and more in our chat today. A lifelong journaler, McConaughey is in a reflective mood after writing his first book, Greenlights... which is filled with unforgettable stories about growing up the son of Texas an oil pipe "peddler," stumbling into acting after a night drinking with the producer of Dazed and Confused, getting arrested for playing the bongo drums in the nude, and his mid-career shift toward intense, challenging projectslike Dallas Buyers Club.If you're thinking "nah, this episode won't teach me how to house hack"... fair enough. But give it a chance and see if you aren't entertained. It's a soulful, positive, not-at-all-Hollywood conversation about choices, happiness, and success. Here's to catching more greenlights!In This Episode We Cover: Matthew's upbringing and lessons learned from his parents His decision to reject law school to pursue film His dad's 3 words of advice on choosing a career Forming your personal identity through a process of elimination How he prepares for intense roles The power of solo travel His faith His beliefs about money and philanthropy The give-and-take between career and family life Links from the Show BiggerPockets Podcast Greenlights book's website Click here to get the full show notes: https://www.biggerpockets.com/show413 Learn more about your ad choices. Visit megaphone.fm/adchoices