BiggerPockets Real Estate Podcast

BiggerPockets
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Oct 29, 2020 • 58min

412: Start Investing in Large Multifamily? How to Do it, and Why (or Why Not) with Ashley Wilson

Ashley "BadAsh" Wilson is back today to discuss how she's shifted strategies since her popular first appearance on the show two years ago.Today's topics: Jumping from house flipping and short-term rentals into large multifamily; finding and using your unique ability when getting started; and how women can (and should!) use real estate investing to secure financial independence.Want to know how many offers it takes to land a 150-unit apartment building in Houston? Interested in multifamily, but unsure where to start? You'll get answers in this show – and in the multifamily "tip sheet" she prepared just for our audience (download it below).If you are a woman who's determined to get into real estate investing – or if you think your wife, mother, sister, or daughter would benefit from hearing Ashley's story – pick up a copy of her new book, The Only Woman in the Room: Knowledge and Inspiration from 20 Women Real Estate Investors today!In This Episode We Cover: How Ashley made the jump from flipping and rental houses to large multifamily investing Her #1 tip for anyone who wants to get into multifamily How she acquired a 150-unit apartment building in Houston What a "Letter of Intent" (LOI) is Looking at 200 deals just to buy one (!) Using "the stack" method vs. multifamily syndication How she became an expert in construction management Why she wrote a book about being "the only woman in the room" Why it's worth visualizing your perfect day when you start building your business And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Building a Six-Figure Family Real Estate Business with Ashley Wilson Roadmap for Scaling to Large Multifamily BiggerPockets Blog Open Door Capital J Scott of BiggerPockets Business Podcast Mid Atlantic Summit by Dave Van Horn The Real Estate Investher InvestorGirl Brit Instagram BiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason Check the full show notes here: http://biggerpockets.com/show412 Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 25, 2020 • 1h 18min

411: The Life-Changing Power of a Goal-Setting Retreat (+ Live Demo with Husband/Wife Investors Matt & Melissa) with Geoff Woods

Have you ever bought a whiteboard or a journal and thought, this is it... This is the moment when I REALLY commit to goal-setting... and then (as it tends to do) life just kind of gets in the way?This episode is about rethinking your approach to goals – and to do this, we've brought in an expert on managing your time and mental energy like a billionaire: Geoff Woods, VP of The One Thing and facilitator of their upcoming virtual goal-setting retreatToday, Geoff shares the blueprint that high-performing couples, teams, and individuals use 1) cast a shared vision of the future 2) work backwards to map out important steps, and 3) regularly recalibrate and track progress. Plus, we put this to the test, live!About halfway through the episode, you'll meet Matt and Melissa Miller – married parents of 3 who own 7 units but are struggling to define their exact vision... and the action plan required to realize it. Geoff leads them through a goal-setting exercise live, and the result is inspiring and surprisingly emotional. #MarriageGoals - literally!Whether you're looking to get on the same page as a spouse, business partner, or just chart out a clearer path for yourself... you'll get a ton of value out of this episode. Let us know what you think of it, and use the link below if you're interested in joining Geoff (and Brandon and Heather Turner!) at the retreat next month. In This Episode We Cover: How billionaires set goals What to do when your spouse or partner is not a natural goal-setter How to have an ongoing relationship with your goals A live goal-setting exercise with a real estate investor couple, Matt and Melissa Defining whose lane is whose when running a business with your spouse or partner What happens at a goal-setting retreat Geoff's personal story of leaving medical sales to work with Gary Keller and Jay Papasan Links from the Show BiggerPockets Podcast Virtual goal-setting retreat The 1 thing Website The 1 thing podcast Click here to check the full show notes: http://biggerpockets.com/show411 Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 22, 2020 • 1h 8min

410: Life-Changing Deals: 5 Traits They Have in Common with Ken Corsini

What does it take to pull off a home run real estate deal?Today, we put that question to Ken Corsini, HGTV star and author of Profit Like the Pros: The Best Real Estate Deals That Shaped Expert Investors. Ken spoke to a diverse group of 25 investors about their very best deals, and in this episode he breaks down the common threads that run through each of those stories.You'll also hear Ken's tips for building your own personal brand in your market, and how he used his "Flip or Flop Atlanta" fame to build a brokerage and mortgage company.Throughout this episode, Ken points you to individual investors in the BiggerPockets community; be sure to check out their BP profiles to learn more... and pick up a copy of the Profit Like the Pros in the BiggerPockets store today.Every format includes a bunch of great bonus materials, including a breakdown of 22 investors' worst deals – so you can avoid the same mistakes.In This Episode We Cover: How personal connections often lead to home run deals Honing in on a specific niche and building expert knowledge How one deal can change the trajectory of your career Ken, David, and Brandon's personal best/favorite deals Common traits of the worst deals featured in Ken's book How Ken built a personal brand, then spun it into different businesses How he controls each aspect of his real estate transactions (title, lending, etc.) And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Flip or Flop Atlanta Best Deal Ever (Youtube Series) BiggerPockets Podcast 339: 60,000 Tenants?! How Frank Rolfe Built a Mobile Home Empire BiggerPockets Podcast 405: Investing in the Only True Recession-Proof Asset: Yourself! with Lewis Howes BiggerPockets Podcast 235: How to Find and Fund Real Estate Deals with Anson Young BiggerPockets Podcast 401: Follow these Steps to Get People to Know, Like, and Trust You with Jordan Harbinger BiggerPockets Podcast 329: Financial Freedom Before 30 Through Just 10 Deals With Felipe Mejia Self Storage Properties at Pennies on the Dollar with Stacy Rossetti Real Estate Rookie Podcast Check the full show notes here: https://www.biggerpockets.com/show410 Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 18, 2020 • 1h 24min

409: Giving Yourself Permission to Go BIGGER: the "Bluefishing" Mentality with Steve Sims

Today's a special episode featuring the author of a book we can't get enough of: Bluefishing: The Art of Making Things Happen by the man, the myth, the legend - Steve Sims.Who is Steve, anyway? Well, he's a former bricklayer and bouncer-turned-entrepreneur who uses a unique mindset and blend of skills to creates once-in-a-lifetime experiences for billionaire clients.Experiences like: getting married by the Pope in the Vatican, having a private dinner at the feet of Michaelangelo's David statue, or going on an underwater tour of the Titanic shipwreck.And here's the thing: as you'll hear in this episode, Steve's not a silver-spoon, high society type. He's just a regular guy who chooses to think and act differently, consistently. And after this episode, you'll be able to "Bluefish" your way into more relationships, more private money, and ultimately more deals!We talk about "leading with value" when approaching mentors... blah blah blah. Today, you'll hear a refreshing new twiston that concept, and learn actual tactics you can put into practice to make more connections and level up your life today. One final note: Steve uses some colorful language in this episode; please take note of the "Explicit" label, and listen to this one when the kiddos aren't in the backseat :)In This Episode We Cover: How Steve went from bricklayer to bouncer to building a business that makes people's dreams come true What "Bluefishing" is Digging deeper to find your customers' true motivation The one thing Artificial Intelligence can't replace Why it's often better to remove – rather than solve – problems in your business How to chase your own dreams, not someone else's Why social media "influencer culture" often leave you feeling empty and unhappy Stories of working with clients ranging from Elon Musk to The Pope Links from the Show BiggerPockets Podcast Bluefishing SpaceX Click here to check the full notes: http://biggerpockets.com/show409 Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 15, 2020 • 1h 16min

408: Full-Time Income on a Part-Time Schedule with Emma Powell

Ever wonder how your family would manage if you or your spouse lost your job? Emma Powell faced that reality head-on. She knew she needed "full-time income" while continuing to spend time with her family... and she knew real estate investing would be the vehicle to get her there.Today Emma shares her journey from part-time photographer to multifamily dealmaker – how she got in the game by joining a REIA and immediately loaning money to an experienced investor (we discuss the right and wrong way to do this); her #1 piece of advice when meeting with a potential mentor; and her foray into the world of lease option ("rent to own") deals.Plus – Emma shares her perspective on how to choose a niche that suits your strengths (wholesaling wasn't for her; syndication and bigger commercial deals were a better fit).This is an inspiring story of someone who experienced a financial wake-up call, and went from total rookie to syndicator in just a few years... all while homeschooling 6 kids. Enjoy this one, and we'll see you again on Sunday!In This Episode We Cover: Emma's reaction to her husband being laid off from his tech job What a Real Estate Investor Association (REIA) Meeting is How she's found nearly all her deals by simply networking Due diligence when loaning money to an investor What lease options are What a "due on sale" clause is Closing a great deal after a seller was burned by wholesalers Her passive income goals for the future And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Real Estate Investment Association The Real Estate Syndication Show 5 Hour School Week BiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui BiggerPockets Blogs BiggerPockets Webinars Check the full show notes here: https://www.biggerpockets.com/show408 Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 11, 2020 • 1h 10min

407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok with Ryan Pineda

Former Oakland A's player, Ryan Pineda, shares how he flips 100 houses/year in just 3-4 hours/week using TikTok, TV ads, and billboards. He emphasizes the importance of delegation, EOS/Traction system, and the value of influence in business. The podcast delves into structuring teams, mindset shifts, and the journey to becoming a successful real estate entrepreneur.
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Oct 8, 2020 • 1h 8min

406: 51 Units and $900/Month in Pure Cashflow on a “BRRRRnB” with Shelby Osborne

"Systems, People, and Positive Vibes" are what powers Shelby Osborne's business, and today she breaks down exactly how she's used those 3 forces to go from 0 to 51 units in just a few years.Shelby shares how she boils everything down into checklists and automated reminders, so she can focus more energy on revenue-generating activities. Plus, she shares a combination word that's right up there with "liger," "bromance," and "Bollywood": the "BRRRR-nB." In her Deal Deep Dive, she reveals how she picked up a foreclosure property, transformed it into an Airbnb to generate big-time cashflow, and expects to pull all her money out so she can do it again and again!A former U.S. Army captain, Shelby is a serious go-getter and you won't help but be energized by her "no excuses" approach to life – colorful language and all ;) Oh, and before you leave this page be sure to check out her checklist for startup your own real estate meetup below! (If you can't see it on your phone, head over to biggerpockets.com/show406.)In This Episode We Cover: How Shelby transitioned from Army life to real estate agent and investor life How she finances her deals with a combination of bank loans, hard money, private money and lines of credit The details of her ongoing "BRRRnB" deal How she saves time by using email templates and automated follow-up sequences How to set up your business to run on autopilot so you don't have to rely on your (unreliable) brain Building a community to attract talented people with positive attitudes And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Wealth Magazine BiggerPockets Insights Myers & Briggs Test The DISC Profile Open Door Capital Find Real Estate Agents Pints and Properties Meetup BiggerPockets Podcast 396: Post-COVID-19 Investing and Landing Great Deals at Auctions with David Osborn and Aaron Amuchastegui AirBnb The Incredible Power of Long-Distance BRRRR Investing with Alex Felice Check the full show notes here: http://biggerpockets.com/show406 Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 4, 2020 • 1h 25min

405: Investing in the Only True Recession-Proof Asset: Yourself! with Lewis Howes

Do you have fears and insecurities that hold you back from the life you envision? No? OK, well we'll see you next week... But really: this topic gets to the heart of why so many real estate investors quit, fail, or never even get started at all.Today's guest, Lewis Howes, has been studying these concepts for the past 13 years as host of the hit podcast School of Greatness. It all started as an effort to climb out of a major low point in Lewis' life, when he was broke and sleeping on his sister's couch... having crashed out of a brief arena football career.In this episode, you'll learn how Lewis learned to hack his self-limiting beliefs by systematically putting himself in situations (Toastmasters, salsa dancing, public speaking) that utterly terrified him. And he shares some practical exercises you can do to achieve greater confidence and self-mastery.Plus -- as a LinkedIn expert with a far-reaching network of connections, Lewis also opens up about how to effectively network on social media and elsewhere.Don't miss this weekend episode of the BiggerPockets Real Estate Podcast, and give Lewis a shout on social media you take him up on his challenge to write a mission statement for your life!As always: if you're enjoying these shows, the best way to show your appreciation is to rate and review us on Apple Podcasts. It really helps us out!In This Episode We Cover: Climbing out of a hole when he had no money and no marketable skills Overcoming fear of public speaking Two practical exercises to confront your biggest fears The clarifying power of writing a personal mission statement The LinkedIn message formula Lewis used when reaching out to powerful people Choosing a niche, then a sub-niche The 3 magic words that multiply your chances of getting a deal or upgrade The one common trait shared by all the top performers he's interviewed And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast USA Men’s National Team Ellen’s Show The Today’s Show LinkedIn Rookie of the Year Lewis's Interview on Jay Shetty's Show On Purpose Dave Ramsey Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! BiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees Sweet Martha's Cookie Jar Kevin Hart on His Secrets to Success and Building an Empire Monday.com Rob Bell Real Estate in Your Twenties BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!) BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors Gary Vaynerchuk on Finding Deals Through Social Media & Crushing It as an Entrepreneur Click here to check the full show notes: https://www.biggerpockets.com/show405 Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 1, 2020 • 1h 7min

404: How a Mailman Was Able to Quit His Job Through Real Estate Investing with George Gipson

We frequently talk about networking as a real estate investor: for example, talk to your mail carrier because they likely have seen opportunities in your neighborhood. But what if you are the mail carrier?Today’s guest, George Gipson, worked for the USPS when he started investing, which seems like the perfect opportunity for finding deals. But as with any start in real estate investing, it isn’t always as easy as it seems.In today’s episode, we talk about taking action and committing to yourself - to ensure that those key opportunities actually work in your favor. We also talk about how important it is to learn your personal finances before diving into investing, plus how George used house hacking and short-term renting to reach financial freedom at an early stage of his investing. He’s even quit his job at USPS now so he can focus full-time on real estate. This is a real story about getting it done and seeing your own potential.In This Episode We Cover: Investing that doesn’t meet your standard rules of thumb Overcoming issues that might be deal-breakers for other investors Living for free through house hacking and short-term renting Setting up your short-term rentals for success Utilizing your network to find deals Pushing through your commitment to yourself, even when it isn’t easy Finding the path in life that’s right for you And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Marketplace Realtor Zillow Trulia BiggerPockets Podcast 393: Campus Maintenance Man to $10M in Real Estate Owned with Rick Jarman BiggerPockets Shirt Check the full show notes here: http://biggerpockets.com/show404 Learn more about your ad choices. Visit megaphone.fm/adchoices
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Sep 27, 2020 • 1h 3min

403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees

Whoa.Today we have the man Brandon credits with helping him "go big" in business and life: his performance coach, Jason Drees. In fact, Jason works with a bunch of real estate investors... and today he shares tools for getting your mindset right and getting out of your own way as you grow your portfolio!You'll love hearing Jason explain what a coach does, how he worked with Brandon to turn a weakness (fear of fundraising/rejection) into a strength ($10M+ raised in 2020), and the reason why some of his clients are thriving despite COVID-19.Plus: about halfway through, there's an absolute gem when the guys discuss the planning models they use to attack challenges. Jason suggests a small but powerful mindset shift, and we're not exaggerating when we say this one tip may cause you to rethink your whole plan... and unleash new potential you didn't know you had!This is a real, vulnerable episode where both Brandon and David both discuss holding onto identities and beliefs that no longer served them. So what did you think? Let us know in the comments at biggerpockets.com/show403, or in a review on Apple Podcasts.In This Episode We Cover: Common ways real estate investors self-sabotage How Brandon got around his discomfort with raising private money How our mindset influences our emotions The BIG difference between the "Decide, Plan, Commit" model and the "Decide, Commit, Plan" model Avoiding goals that are too specific Thinking like a millionaire How to feel empowered in the midst of COVID-19 And SO much more! Links from the Show BiggerPockets Forums Tony Robbins My Body Tutor P90X DVD Workout - Base Kit Matt Kahn Jay Abraham Jason Drees Coaching  JDC Mindset Academy   Check the full show notes here: http://biggerpockets.com/show403 Learn more about your ad choices. Visit megaphone.fm/adchoices

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