BiggerPockets Real Estate Podcast

BiggerPockets
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Jul 11, 2019 • 1h 22min

338: From Red Robin Waiter to 250 Units (Using the MLS!) with James Dainard

From waiting tables to scaling up to 250 units! Today’s show is going to blow your mind. Brandon and David sit down with James Dainard, a real estate investor in the Seattle area, who is using his broad knowledge of real estate investing to do some big things! James shares how he got started door-knocking for someone else’s company to learn the business—and things took off from there! He also shares how he’s finding 60 percent of his deals from the MLS, how he uses local zoning knowledge to find opportunities others are missing, and how he made over a million dollars off an MLS flip! James has some GREAT strategies he uses, including combining flipping, wholesaling, and BRRRRing; improving the return on his equity; and “inventing returns." You’ll also be blown away at how he created a 60-room rental (!!!) property that earns over $9K a month and how he saves money on maintenance and property management by running it all in-house. James is a smart, humble, and experienced investor doing some very impressive stuff. Download this one today! In This Episode We Cover: How he got started door-knocking for someone else’s company Story behind his first deal How he bought a 60-room house How he got to over 200 units all single-family Combining wholesaling, flipping, and BRRRR What he looks for in an area and using zoning knowledge to find opportunity Profiting $1 million on a flip he found on the MLS About his apartment complex that was on the market for 200+ days How he uses flips to fund his rentals Getting 60% of his deals off the MLS How he calculates the return on his equity Why he hires people in-house to manage properties and do maintenance How he BRRRRed a deal with no money left in that cash flowed $2K a month His unique method for “inventing” returns And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Premium Forum Thread about BiggerPockets Premium BiggerPockets Youtube Page BiggerPockets Podcast 302: Making $100k/Deal Using Other People’s Money, Time & Experience with Cory Nemoto Brandon's Instagram David's Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jul 4, 2019 • 1h 36min

337: Next Level Wealth-Building Through Overseas Development and Opportunity Zones with Russell Gray and Robert Helms

Want to learn from two guys who have weathered several real estate market cycles and come out on top? You’re in the right place! In this episode, Brandon and David sit down with Russell Gray and Robert Helms, longtime hosts of the Real Estate Radio Guys program. In this wide-ranging discussion, Russell and Robert cover a TON of subjects, from house hacking to investing in overseas resorts. The guys share the lessons they learned from the 2008 crash (hint: don’t rely too heavily on credit) and explain how they’re preparing for the next one. They break down how multifamily investing is just like running a business, and why hiring an assistant is the most important first step when scaling up. Russell and Robert also tell us why having an A-student mentality can hinder new investors (and make them a target for gurus), and why you don’t need to know every step in order to just get started. You’ll learn why Robert is about to make his 137th trip to Belize, why he and Russell stopped investing in Mexico and Australia, and why you should design your own personal investment philosophy, too. If you’re a big-picture thinker interested in using the tax code to your advantage and staying on top of market cycles, this show will blow your mind. Listen here or on your favorite podcast app, rate and review us, and subscribe so you won’t miss the next one! In This Episode We Cover: How these guys inspired Brandon What an entrepreneur does How gurus take advantage of hungry new investors How they are preparing for the next real estate downturn Their strategy for building big wealth in other countries How they learned the lesson about needing sufficient reserves the hard way What to do when available credit goes away Why they invest in resorts Where we are in the market cycle Why they are locking in long-term debt right now What they learned from the 2008 crash How to prepare and win for the next downturn What an opportunity zone is and how to use them Why they study global economics And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Real Estate Podcast Robert Kiyosaki BiggerPockets Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy Peak Prosperity Brandon's Instagram David's Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jun 27, 2019 • 1h 17min

336: $900 to $4.5MM Net Worth by 34 with Robert Jones

Location, location, location! On today’s show, Brandon and David sit down with Robert Jones, a real estate agent and investor in Colorado, who has built a cash-flowing portfolio with millions of dollars in equity in an expensive market. Robert will blow you away with his knowledge on making deals work (even through the MLS) and choosing what to buy. You won’t want to miss his advice on buying properties with super low down payments, targeting ideal locations that attract ideal talents, and using agents to do the work of finding deals. You’ll also love his tips for creating systems so he can travel while making money and identifying the qualities of a good agent. Robert is extremely humble for having such massive success, and he shares his whole playbook for how he built a portfolio of 26 units worth millions before the age of 35. DO NOT miss this one. Download today! In This Episode We Cover: Turning primary residences into rental properties What are capital gains Should you rent or sell your house? Moving to a new house every year Taking 3 months off while having a real estate business Real estate to fund your life Being an agent or not How "The Stack" works And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar GoBundance Audible Federal Housing Finance Agency BiggerPockets Podcast 280: The Key to Making Great Deals (Hint: Overlooked Properties!) with Mark Hentemann (Writer for TV’s Family Guy!) Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jun 20, 2019 • 1h 16min

335: 70+ Units Per Year and How Exactly to Make a Lowball Offer with Ryan Dossey

A whopping 73 units a year without negotiating your own deals! Today’s guest Ryan Dossey breaks down his business and shares how he built a deal-finding pipeline he runs without doing the work! Ryan gives great insight into how he finds deals directly from sellers, has team members meet with and close deals, then decides if he wants to keep them or wholesale them. If you’ve ever been interested in how to build systems to get your time back, this is a show for you. You won’t want to miss how Ryan used BiggerPockets to start and grow his business, how he began wholesaling, and how he uses NONE of his own money. You’ll also love hearing how Ryan made $10K in four hours on his first deal and how he built a conveyor belt to close deals while he’s out of the country. Plus, he gives investors AMAZING advice on approaching a mentor the right way! Ryan is a great example of how to use BiggerPockets to grow your wealth and portfolio, and he shares some powerful tips about how you can do the same. Download this one today! In This Episode We Cover: How Ryan got into real estate in spite of never graduating high school How he learned to see the world from a different perspective than everyone else Why he markets directly to sellers How he used BiggerPockets to build several different businesses How he got his first wholesale deal (and made $10K in four hours doing so) Why he went full time into RE and how he knew it was the right time to do it How he chooses his markets What no one tells you about the RIGHT way to approach a potential mentor How he built a conveyor belt to close deals while he’s out of the country Why he invests in multifamily The No. 1 thing a newbie needs to know to get started wholesaling Why focusing on one task is key to being successful faster And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar GoBundance BiggerPockets Airbnb Calculator BiggerPockets Podcast 068: Being a Superhero House Flipper, Investor, and Team Leader with Mark Ferguson InvestFourMore Podio Deal Machine (App) CallPorter  Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jun 13, 2019 • 1h 24min

334: Using Other People’s Money to Take Down Flips, Multifamily and Self-Storage Deals with Ben Lapidus

Self-storage with OPM! Today’s guest Ben Lapidus sits down and spills the beans on his strategies for buying self-storage units and running an investment fund with other people’s money. Ben has some really great advice for those who want to get started in self-storage, including how he got started getting 25% of other people’s deals, why he jumped from single family into commercial opportunities, and how he mitigates risk in the self storage space. You also won’t want to miss what he shares regarding how he picks a market, his criteria for buying a deal, and where he recommends brand new self storage investors get their start (hint-it’s all about size). If you want to have your mind blown, you CAN’T miss his technique for seller financing negotiating where he improves his terms by saving the seller’s money on their taxes-brilliant! This episode is completely full of high energy, content packed, practical advice for getting into commercial opportunities with other people’s money and we guarantee you will learn a TON. Download today and buckle your seat belt! In This Episode We Cover: How Ben found real estate after finding success in other business ventures Starting off investing with partners and getting 25% of the deal with none of the risk or capital Why he jumped from SFR to apartments What he learned buying an awful property on his first deal How he put together his first syndication Why he invests in self storage How he found opportunities while looking for something else How he focuses on his strengths and finds partners to handle his weaknesses How he finds deals in today’s market His criteria for what he needs to see in a market How he mitigates risk when buying self storage Why he looks for “expansion potential” How he finances his deals, the strategy he recommends for newer self storage buyers to look into His BRILLIANT tax saving strategy he uses to save thousands of dollars on seller financing opportunities The one thing he think should be taught in school that isn’t How he recommends people improve their people skills and forming connections And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Premium Best Ever Conference BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne Learn more about your ad choices. Visit megaphone.fm/adchoices
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17 snips
Jun 6, 2019 • 1h 37min

333: A Guide to Getting Started in Commercial Real Estate (+ Laundromats?!) With Ken Wimberly

Ken Wimberly, owner of a Keller Williams commercial brokerage, shares insights from his journey from pizza delivery to real estate success. He offers invaluable tips on getting started in commercial property, finding the right tenants, and structuring leases. Ken emphasizes the importance of mentorship and networking, while highlighting the potential of investing in laundromats. He also discusses how to identify unsuitable partners and balance business with family life, providing a roadmap for aspiring investors without the headaches.
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May 30, 2019 • 1h 31min

332: How to Build a Deal-Finding MACHINE with Adam Johnson and Brent Moreno

Build a deal funnel to fuel your business and keep the leads coming! On today’s show Brandon and David sit down with Adam Johnson and Brent Moreno, two wholesalers running a business that fuels their investment portfolio! Adam and Brent share several key pieces that make their business go, like how they have built systems to reduce their workload, how they keep their pipeline full of leads, and how they use a “three foot rule” to make sure everyone knows how they can help them. You’ll also love how they recruit others to work in their business, how they use stories to hold people’s attention, and how they have leveraged an army of Uber drivers to find them deals! These two guys have formed a great partnership, and share TONS of practical, meat-and-potatoes advice for how you can do the same. Their advice on “helping over haggling” alone is priceless! If you want to learn how to form the perfect partnership, how to build a portfolio off of a consistent pipeline of deals, AND how to wholesale those deals for profit, this is an episode you can’t miss! In This Episode We Cover: How they got into wholesaling How their business is structured Why they love wholesaling more than anything else How they use systems to create success when they don’t feel like working What a perfect partnership should look like The funnel they have set up to find, capture, and follow up with distressed seller leads The three-foot rule How they use Uber drivers to find them deals How they are helpers not hagglers The number one thing a newbie needs to do well to start a wholesale business How to recruit others to bring you deals How to use stories to get others involved in helping your business How they believe there is no “box” to think outside of And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Youtube Channel BiggerPockets Money Podcast BiggerPockets Business Podcast Podio InvestorPO REIpro PropStream ListSource LeadSherpa David Goggins on Joe Rogan’s Podcast Gary Johnston  Learn more about your ad choices. Visit megaphone.fm/adchoices
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May 23, 2019 • 1h 10min

331: 10 Deals on a $20K Waitress Salary With Ashley Hamilton

Ten doors free and clear on a blue-collar salary—today’s guest shares exactly how she did just that! Brandon and David sit down with Ashley Hamilton, who shares the incredible story of how she went from poverty to success through real estate investing with very little help or guidance. Ashley shares her remarkable strategies for investing in a market where very few others could, how she used BiggerPockets to develop a system, and how she got the city of Detroit to offer her a deal to buy a property at $500! Ashley also shares how she buys cheap houses at auctions, how she finds banks to finance her rehabs, and how she uses keyword alerts in the BiggerPockets forums to snag deals before anyone else! And be sure to listen for Ashley’s “no milk for her cereal” strategy to overcome and succeed! If you’re looking for an incredibly inspirational story that highlights how creativity and resiliency can pay off, you want to download this today. In This Episode We Cover: How Ashley found a way to invest in a market when very few others could How she got the city of Detroit to call her and offer her a deal to buy for $500 Getting to nearly a half a million dollars in equity in a few short years How she got started investing with nothing but BiggerPockets as a guide Finding the best part of the city to invest in Why she fix her rentals up to suburb quality even in low-income neighborhoods Building a portfolio of 10 doors free and clear The way she uses the BiggerPockets forums to help her make money Landlording like a boss Giving back to your tenants And SO much more! Links from the Show: BiggerPockets Forums BiggerPockets Webinar Tarl Yarber's BiggerPockets Profile Dave Van Horn's BiggerPockets Profile Brie Schmidt's BiggerPockets Profile Joe Fairless' BiggerPockets Profile BiggerPockets Instagram Brandon's Instagram David's Instagram Rentometer Rich Dad Poor Dad Seminar GoBundance BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss Learn more about your ad choices. Visit megaphone.fm/adchoices
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May 16, 2019 • 1h 47min

330: How to Ditch Distractions and Get WAY More Done With Cal Newport

Incredible show alert! You don’t want to miss this one: Brandon and David sit down with bestselling author Cal Newport (who wrote So Good They Can’t Ignore You: Why Skills Trump Passion in the Quest for Work You Love, Deep Work: Rules for Focused Success in a Distracted World, and so on) to discuss just what makes high performers different than the rest.Cal shares incredible insight based on his research as a professor at Georgetown University, including how boredom can serve a very useful purpose, how to improve your focus to master your craft, and how building “career capital” can open doors to the life you’ve always wanted.Cal also shares life-changing advice on how starting the day in “monk mode” can supercharge your productivity, how to set better expectations with team members, and how to rebuild your digital life in 30 days.This episode is so good you’ll feel guilty you didn’t have to pay. Download it today!In This Episode We Cover: Cal’s story Improve your focus and remove distractions to increase productivity How to combine “deep work” with “shallow work” to stay mentally energized Building career capital you can then invest to build a better life What successful people do that unsuccessful people don’t How to set better expectations with team members How to start your day in “monk mode” and be insanely productive How to give your hours a job and make time work for you How to use boredom to recharge and motivate you His thoughts on social media and how it can rob you of time Taking the information you’re learning and letting it sink in  Detox and rebuild your digital life in 30 days And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Pro BiggerPockets Calc BiggerPockets Podcast 329: Financial Freedom Before 30 Through Just 10 Deals With Felipe Mejia BiggerPockets Podcast 327: The “Buy, Rehab, Rent, Refinance, Repeat” Method Made Simple With David Greene LinkedIn Moment App Realtor.com Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Lifeonaire by Steve Cook So Good They Can’t Ignore You by Cal Newport The 4-Hour Week by Timothy Ferriss Deep Work by Cal Newport Digital Minimalism by Cal Newport The Rise of Theodore Roosevelt by Edmund Morris Gates by Stephen Manes Connect with CalCal’s Personal Website Learn more about your ad choices. Visit megaphone.fm/adchoices
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May 9, 2019 • 1h 31min

329: Financial Freedom Before 30 Through Just 10 Deals With Felipe Mejia

Felipe Mejia, a real estate investor who achieved financial freedom before 30, shares his remarkable journey from a $3,000 mobile home to owning 10 units. He discusses his unique 'no-why principle' for overcoming rejection and how he smartly leveraged Airbnb to buy back his time. Felipe also reveals how a booming construction industry helped him rent rooms to workers and shares his surprising personal transformation after realizing he was in the wrong profession. His story is packed with inspiration and practical advice for aspiring investors!

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