BiggerPockets Real Estate Podcast

Want to build massive wealth in a top-end rental market that’s also really expensive—all while minimizing your risk? Don’t we all!Well, you’re in luck, because today’s guest has done just that—and in a surprisingly simple way that anyone can replicate. On today’s show, Brandon and David dig deep into the strategy used by Joe Asamoah, a Washington, D.C. investor, who owns more than 30 single family homes that are currently building him massive wealth!You will be absolutely fascinated as you hear how Joe uses HUD housing vouchers to generate big returns in high-end areas while also reducing his risk to survive tough markets. Joe also shares some amazing tips for how he keeps tenants for 15 years at a time, including how he creates a huge demand for his homes, which kinds of properties he targets, and how he gets deals brought to him before anyone else.Joe goes on to reveal some extremely effective tips regarding how to treat your tenants so well they never leave, how to convince lenders to work with you, and why he visits potential tenants in their current homes on short notice.This show is chock full of extremely practical advice anyone can follow, not to mention useful tips for high-level real estate investing. This is an episode you will listen to several times and walk away extremely inspired.In This Episode We Cover: Why he targets 5-bedroom houses Why the greatest HUD demand is for 4-, 5-, and 6-bedroom homes HUD requirements for what qualifies as a bedroom The advantages of investing in a capital city Why he rehabs his properties to HGTV-grade quality Why he visits potential tenants at their current homes Why he sends his tenants flowers on Mother’s Day and presents for Christmas Why he rewards his tenants' children for good grades and even offers vacations for tenants How his model is designed to be recession-proof Why he has a 20-page lease Why he focuses more on reducing expenses than he does on increasing rents Why he hired an assistant to manage his properties instead of using a traditional property manager And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Pro Email: podcast@biggerpockets.com David's Instagram Brandon's Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

From Bangor, Maine to Maui... by providing massive value!If you’re looking for a mentor, partner, or lender, this episode is for you. You’ll learn how Ryan Murdock went from small-time landlord/property manager to major player in Brandon’s growing mobile home park empire; how he’s the perfect complement to Brandon’s DISC profile; and how they find, underwrite, and finance multi-million dollar deals.Ryan is a modest, down-to-earth guy with a keen awareness of his own strengths and weaknesses, and this episode will show you how you can develop that quality to find the right partner and level up your business (and life!).Don’t miss this one, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss out next week!In This Episode We Cover: How Brandon and Ryan met What Ryan did that caused Brandon to pump his brakes and start paying attention How they slowly formed what became one of the most dynamic duos in real estate The attitude Ryan embraces that makes him so valuable How he earned an equity stake in a huge company How they’ve hired additional members to help grow the business Learn how to create the “vivid vision” Brandon came up with How they joined forces to create “rocket fuel” and scale their syndication model And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Events BiggerPockets Bookstore BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock Dave Van Horn – MidWest Real Estate Networking Summit Darren Sager's BiggerPockets Profile BiggerPockets Money Mindy Jensen's BiggerPockets Profile BiggerPockets Business Podcast 16: Mastering Cash Flow and Finding Riches in “Headache” Jobs with 3Point Cleaning CEO Jesse McCue Meet Property Management Extraordinaire, RE Investor & Hotel Owner Jesse McCue BiggerPockets Business Podcast 18: How to “Have It All” by Living with Intention with Brandon Turner BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray Brandon's Instagram David's Instagram Listen on BiggerPockets: https://www.biggerpockets.com/show355 Learn more about your ad choices. Visit megaphone.fm/adchoices

From single family to multifamily to hotels!On today’s show, Nichole Stohler sits down with Brandon and David and discusses her journey from purchasing a single family home to syndicating hotels! Nichole has a fascinating story that started with losing the first house she bought, grew into recommitting herself to learning the asset class of real estate, and ended with massive success through big deal syndications.You’ll love the advice she shares about managing managers, scaling the right way, and dealing with tenants according to three irrefutable laws. She goes on to discuss keeping properties clean, choosing the right partners, and analyzing economic factors when choosing a hotel or apartment complex.Nichole reveals tons of great tips when it comes to building wealth through various asset classes of real estate. This show has something for everyone!In This Episode We Cover: Her 3 irrefutable rules for dealing with tenants How she scaled from SFH to multifamily and hotels How she manages her managers What she learned from her first deal that lost her money Why she committed to really learning the asset class of real estate Why having clean apartments is so important to tenant relations Why so many investors make the mistake of not focusing on asset management Why she turned to hotels when she couldn’t find anything in the multifamily space How the 1031 exchange impacted her capital gains and depreciation recapture Which economic drivers she looks for when choosing a property to buy What she’s learned about operating syndications in the hotel space And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Pro Email Us: podcast@biggerpockets.com BiggerPockets Podcast 345: “Vivid Visions” and 90-Day Sprints—Brandon’s Approach to Mobile Home Park Investing (and Life!) BiggerPockets Events GoodReads Jo Nesbo Camilla Läckberg BiggerPockets Bookstore Check the full show notes on BiggerPockets: http://biggerpockets.com/show354 Learn more about your ad choices. Visit megaphone.fm/adchoices

“Trading up” to successfully retire financially free at 40!On today’s show, Brandon and David interview retired real estate broker Tim Rhode, who explains how he was able to buy great deals and 1031 exchange them into financial freedom!Tim shares some fantastic advice on playing great financial defense to achieve an early retirement, crushing it in real estate sales, and locking up deals during his first conversation with sellers.Tim also shares how knowing his market led to him making hundreds of thousands buying land in the path of progress, how to build a “fulfillment triangle," and how he recognized the market turning in 2006 and cashed out before losing money.Tim has a huge heart, is committed to helping others get out of the rat race, and shares some incredible advice on how to do so. Make sure you listen for his description of the several levels of financial freedom and his belief that those who make it to the top of the mountain should throw down the rope for the rest still climbing. Download this one today!In This Episode We Cover: Levels of risk tolerance Delegating things you're not good at How he got into real estate sales Playing great "defense" Not caring about what others think How he invested everything left over that he didn’t spend How he bought his first property—a triple wide mobile home—for 50 cents on the dollar Using his influence as a broker to get great deals before they hit the market How he bought land in the path of progress How he exchanged several good deals by “trading up” into a triple net lease commercial property out of state His philosophy on timing markets His “fulfillment triangle” The power of the 1031 exchange Which houses he flipped and which he kept How he retired at 40 years old The multiple levels of financial freedom The financial freedom principles he teaches in his non-profit Where he believes we are in the current market cycle And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast 326: Health, (Big) Wealth, and Total Accountability With David Osborn, Pat Hiban, Tim Rhode (and Josh!) Firestarter BiggerPockets Wayne Dyer Tom Hopkins Zig Ziglar BiggerPockets Bookstore GoBundance BiggerPockets Pro Email Us: podcast@biggerpockets.com Check the full show notes on BiggerPockets: http://biggerpockets.com/show353 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover the financial benefits of house hacking compared to traditional home buying. Explore various house hacking techniques for wealth building and financial independence. Learn how renting out rooms can help you save money and generate income.

Eighteen doors by 29 years old by never taking no for an answer! We realize there are a lot of inspirational investors out there, but on today’s show, you’re going to be blown away by one of the best.Brandon and David sit down with Diego Corzo, a “DREAMer” who moved to the United States with his family at a young age. Fast forward a few years, and Diego jumped headfirst into real estate investing, using house hacking strategies that will work for anyone.You will be blown away by Diego’s story of how he rode a bike (with his suit in a backpack to avoid getting it sweaty) when he couldn’t get a driver’s license, how he got on the fast track to becoming a millionaire, and how he overcame a speech impediment, going on to give a TED talk!You will love his fantastic advice on what to look for in a house hack property, which areas to look when investing, and how to target the perfect tenant market. You’ll also appreciate his thoughts on avoiding drama between roommates, vetting turnkey companies, and structuring partnerships. Diego goes on to share some solid info about why he prefers “B” neighborhoods over “C” and why doing your own math is so important when analyzing deals.This guest is truly an incredible person with an incredible story—not to mention some pretty fantastic investing advice.Don’t miss out! Download this episode today, and make sure you're subscribed to the BiggerPockets Real Estate Podcast so you won't miss the next one!In This Episode We Cover: How Diego owned 18 doors by 29 How he overcame not having a driver's license What adversity can teach you How he got on the fast track to becoming a millionaire How he overcame his stutter to go on to do a TED talk How he invests out of state What he looks for in a home to house hack How he bought his first property How he bought a property with his father Why he prefers “B”-class properties over “C”-class properties How he vets turnkey companies Why doing your own math is so important What he looks for in someone he can trust What he recommends in terms of choosing an area His advice for structuring partnerships How he recommends avoiding drama with roommates in a home And SO much more! Links from the Show BiggerPockets Forums Brandon's Instagram David's Instagram DACA BiggerPockets Youtube Channel GoBundance BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn BiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban BiggerPockets Podcast 318: 100 Units in the First 2 Years (Using Bank Financing!) with Collin Schwartz BiggerPockets Business Podcast Loom BiggerPockets Conference Check the full show notes here: http://biggerpockets.com/show352 Learn more about your ad choices. Visit megaphone.fm/adchoices

All the BiggerPockets podcast hosts on stage in one place! This bonus episode was recorded at the BiggerPockets Conference 2019 on October 7th in front of a live audience of more than 1,000 people at the Gaylord Opryland Resort in Nashville, Tenn.We turned the mics over to our members, who fired a bunch of great questions at Scott Trench and Mindy Jensen, Brandon Turner and David Greene, Joshua Dorkin, and J and Carol Scott.Our panelists covered some nitty gritty real estate topics, like tackling vacancy and how to invest IRA funds, as well as big-picture concepts like motivation, marketing, and teaching family members the importance of investing at an early age.Also, everyone reveals which animal they would be if they had to choose, and a member of the audience challenges David Greene to produce an analogy on the spot. Listen to find out whether he performed under pressure! Our first conference in seven years was a big success, and we’re so thankful to everyone who came out to learn, network, and have a great time.Download this bonus episode, and be sure to subscribe to all three shows BiggerPockets Real Estate Podcast, BiggerPockets Money Podcast, and BiggerPockets Business Podcast so you won't miss an episode. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stop whatever you are doing and download this episode right now!Today’s show is highly likely to change your life in ways you may not have even realized it needed changing! Brandon and David sit down for an amazing interview with Ryan Holiday, keynote speaker and bestselling author of Ego Is the Enemy, The Obstacle Is the Way, and Stillness Is the Key.And Ryan does not disappoint! You will be blown away with his advice regarding how we talk ourselves into buying deals we know we shouldn’t, how he conducts cost/benefit analysis on different opportunities that come his way, and how he’s learned to avoid “success” when it will cost him more than it’s worth.Ryan also shares some mind-blowing knowledge about why we make bad decisions; why working harder isn’t always better; and how to identify virtues or skills you are lacking in a given situation, so you can figure out the path to the result you want. In addition, he shares how he models himself after the best and brightest minds he knows, how he believes in the power of journaling, and how important it is to put your strongest energy into the pursuits that will yield the highest ROI.This show is simply an incredible breakdown on human performance, goal setting/reaching, and using real estate to accomplish what really matters in life.Download this one today and buckle your seat belt!In This Episode We Cover: How to let your individual trials help you grow by how you respond How to recognize why you made bad decisions How to avoid worse decisions Why he invests in short-term rentals What he means by “stillness is the key” How to become something better Why “working harder” isn’t always the best answer How success can actually become a trap for us How our best ideas can come from time away to think How to model ourselves after the best, brightest, and most successful minds Why he believes so much about the power of journaling How to create routines that free your mind to reach new heights How to put your energy into efforts that lead to a better ROI on your time And SO much more! Links from the Show BiggerPockets Forums Audible Trial BiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport American Apparel BiggerPockets Youtube Channel BiggerPockets Instagram Brandon's Instagram David's Instagram Listen on BiggerPockets: http://biggerpockets.com/show351 Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever wanted to break into real estate but just weren’t sure how to take that first step? You're not alone!Almost all investors struggled with their first deal. But today’s guest may be just what you needed to get your foot in the door! On today’s show, Brandon and David dive deep into the mind of Craig Curelop, the author of BiggerPockets Publishing's new book The House Hacking Strategy.Craig shares some incredible advice on how he eliminated his living expenses and earned as much as one could from a full-time job through house hacking—all by age 26! Craig breaks down just how simply you can get your first property with less than 5 percent down and turn it into a wealth-building machine that will help you achieve a “return on your potential” you may not have realized you’re currently lacking.You’ll learn what to look for in a house hack, how to find the “path of progress” to start your search, and which straightforward criteria we can all use when searching for deals. You’ll also hear how to make “hedonic adaptation” work for you, how to exchange comfortability for profitability, and how to decide which property would work best for your specific situation.We ALL want to own more real estate, and we all need somewhere to live. On today’s show, you’ll learn how to combine those two needs to build wealth and save money at the same time.Download this one today!In This Episode We Cover: Why he left Silicon Valley to build wealth through real estate How he bought his first house hack  Why house hacking is so effective for establishing financial freedom His scale of comfortability vs. profitability Who should house hack Why expensive markets are the best places to build wealth through real estate The importance of solid metrics in a potential house hack How he gets in front of the “path of progress” to maximize returns How to take advantage of low down payment options to snag properties that earn income How house hacking allows you to find the “return on your potential” How to make “hedonic adaptation” work for you, not against you And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast 252: House Hacking (Your First Deal) & Life Hacking with Craig Curelop BiggerPockets Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich Zillow Xero Accounting Software You can listen on BiggerPockets here: http://biggerpockets.com/show350 Learn more about your ad choices. Visit megaphone.fm/adchoices

Apartment flipping from one of the best in the biz!On today’s show, Brandon and David sit down with Nathan Tabor, a well-known multifamily investor who has done 26 multifamily flips in less than 10 years! You will love this informational and oftentimes hilarious episode, where Nathan shares some fantastic advice on how to flip apartments for big returns, what to look for in a deal, and which five incredible pieces of due diligence every investor needs to know.You’ll also love his straightforward direction regarding questions to ask the county zoning department, great advice for raising money, and some mind-blowing insight into who actually owns fire hydrants!This show is a very fun listen with tons of talk about dealing with rejection, finding the niche that’s perfect for you, and applying information you already know. Nathan's story is sure to change your mindset and confidence when it comes to taking action in your life. Make sure you listen today!In This Episode We Cover: How title insurance works How to check with the zoning department to make sure you don’t get burned How to file a claim for title insurance His fantastic advice for due diligence checklists His advice for finding your niche The benefits of niching down How to find your passion and inner focus How to handle the fear of rejection The key to applying information you have in your life already How to flip an apartment or apartment complex Advice for raising money How to understand what a cap rate is Why multifamily may be less risky than single family And SO much more! Links from the Show BiggerPockets Forums Brandon's Instagram David's Instagram BiggerPockets Signup Joe Fairless Denver Conference Loopnet BiggerPockets Podcast 345: “Vivid Visions” and 90-Day Sprints—Brandon’s Approach to Mobile Home Park Investing (and Life!) Up Movie Google Business Template Apartments.com Forrent.com Learn more about your ad choices. Visit megaphone.fm/adchoices