BiggerPockets Real Estate Podcast

If you’ve ever had an interest in turning your desire to invest in real estate into a well-oiled business machine, today’s episode is for you!Chris McChesney, bestselling author of The 4 Disciplines of Execution, shares some mind-blowing strategies recognized worldwide for their ability to help followers achieve more success! Chris shares the difference between lead and lag activities, how to use the power of leverage to move your business forward, and how staying busy isn’t always in your best interest.He also shares eye-opening insight into the way we use confirmation bias to avoid making progress, how to break major wars into smaller, winnable battles, and the secret of “tendency override.” Chris has developed an amazing system using four key strategies to improve your odds to succeed and has implemented them with companies like Coca-Cola, Comcast, The Ritz-Carlton, and more!Don’t miss this episode chock full of actionable advice for improving your life, as well as your business!In This Episode We Cover: The difference between lag and lead activities How to use the power of leverage to move your business forward How staying busy isn’t always in your best interest How to identify your most important goal The secret to losing weight—and how to apply it to real estate What most business owners do wrong How confirmation bias clouds your vision Learning the secret of “tendency override” Breaking major wars down into small battles How to keep your goals small to make sure you achieve them How to avoid giving in to self-victimization How to develop a scorecard to track your progress How to use accountability to stay on track And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Youtube Channel BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock (Podcast) My Body Tutor My Fitness Pal BiggerPockets Instagram Brandon’s Instagram David’s Instagram Books Mentioned in this Show The 4 Disciplines of Execution by Chris McChesney Rich Dad Poor Dad by Robert Kiyosaki The ONE Thing by Gary Keller Essentialism by Greg McKeown Stephen R. Covey’s The 7 Habits of Highly Effective People The 12 Week Year by Brian P. Moran 90 Day Journal by Brandon Turner As a Man Thinketh by James Allen Built to Last by Jim Collins Good to Great by Jim Collins Tweetable Topics: “The real enemy of execution is your day job.” (Tweet This!) “You can be busy all day long and not be a step closer to your goal.” (Tweet This!) “The most strategic work you do will feel like you’re wasting time.” (Tweet This!) “If we don’t track, we lie to our selves.” (Tweet This!) “Make and keep a promise to yourself.” (Tweet This!) “If you think the problem is out there, that very thought is your problem.” (Tweet This!) Connect with Chris Chris McChesney’s Bio Chris McChesney’s Speaker Site Learn more about your ad choices. Visit megaphone.fm/adchoices

Today, we’re introducing the BiggerPockets Business Podcast, co-hosted by J and Carol Scott. Subscribe now using the links below; Episode 1 is up now! SUBSCRIBE ON APPLE PODCASTS (IPHONE): https://podcasts.apple.com/us/podcast/biggerpockets-business-podcast/id1460051721 SUBSCRIBE ON GOOGLE PODCASTS (ANDROID): https://www.google.com/podcasts?feed=aHR0cHM6Ly9icGJ1c2luZXNzLmxpYnN5bi5jb20vcnNz The BiggerPockets Real Estate Podcast will be back tomorrow, and we’ll be back to regular programming next week. Future episodes of BiggerPockets Business will drop on Tuesdays -- the day after the BiggerPockets Money Podcast. Oh, and go follow the BiggerPockets Business Podcast on Twitter @BPBusinessShow and Instagram @BiggerPockets! Learn more about your ad choices. Visit megaphone.fm/adchoices

In this special half-episode, David reads from Chapter 2 of the brand-new book he’s written on the BRRRR strategy. This particular passage goes to the heart of what makes BRRRR work: buying great deals. So how do you pull that off? In this chapter, David reveals: what he looks for when targeting properties, how to practice analyzing deals so you won’t be afraid to pull the trigger, and how to find team members and align their incentives with yours. Order “Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple” today at www.BiggerPockets.com/BRRRRbook. Physical copy, eBook, or audio version (read by a professional narrator) are all available. Or you can also get EVERY format if you order the Ultimate Package. That includes the exclusive eBook, “Long-Distance BRRR,” a bonus video on how to interview and hire a great contractor, and access to a live Q&A webinar with David. In the meantime, enjoy this bonus episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s here—THE book on BRRRR! And who better to write it than the leading authority on this strategy: our co-host David Greene.In this episode, he breaks down exactly how to “Buy, Rehab, Rent, Refinance, and Repeat” your way to wealth.David reveals how BRRRR allows him to force equity, leverage the talents of others, and recycle his capital so he didn’t have to keep working 100-hour weeks as a police officer.You’ll learn about the velocity of money, the “core four” players every BRRRR investor needs on his or her team, and the way to eliminate fear by taking a cold, hard look at the numbers.David also explains how this strategy can reduce capital expenditures and how to come to the bargaining table with a cash offer that puts you in the driver’s seat.He also addresses some common objections, including the notion that it’s difficult to influence the appraised value of your rehabbed property. Plus, you won’t want to miss the “Deal Deep Dive” where David goes into detail about one of his recent real-life BRRRR deals.Whether you’re brand new to this method of investing or are looking to fine-tune your BRRRR skills, this episode will provide you with a ton of value. Still, we only cover part of what’s in David’s book, so check it out on the BiggerPockets Bookstore.In This Episode We Cover: Who David is Defining and explaining BRRRR Discovering the main benefits to BRRRR How to increase your ROI Understanding what increasing the velocity of your money is Getting good at what you do How to decrease risk by building equity and pulling capital How to scale to financial freedom faster Ways to lower CapEx expenses And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Dave Visaya’s BiggerPockets Profile BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene BiggerPockets Instagram BRRR Calculator BiggerPockets Bookstore Books Mentioned in this Show Buy, Rehab, Rent, Refinance, Repeat (BRRRR) by David Greene Long-Distance Real Estate Investing by David Greene The Millionaire Real Estate Agent by Gary Keller So Good They Can’t Ignore You by Cal Newport Digital Minimalism by Cal Newport Tweetable Topics: “Make money work for me.” (Tweet This!) “Repetition builds mastery.” (Tweet This!) “Operating from ignorance or inexperience is operating with a massive amount of risk.” (Tweet This!) “Down payment has nothing to do with risk.” (Tweet This!) “BRRRR investing is about gaining equity without losing capital.” (Tweet This!) Connect with David David’s BiggerPockets Profile David’s Instagram David’s Facebook Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

What does true wealth mean to you? Maybe it’s having control over your time or having the means to donate part of your income to charity. Maybe it means feeling healthy enough to jump out of bed and attack the day.In today’s episode, Brandon, David, and Josh (remember him?) speak with three financially independent investors about what motivated each of them to work so hard toward their goals.Early in their careers, David Osborn, Pat Hiban, and Tim Rhode realized they shared a common goal: to steadily accumulate streams of passive—or as they call it—“horizontal” income. So they got together and made a serious commitment, vowing to hold each other accountable every step of the way—even if it meant dishing out some tough love.In this episode, you’ll learn how finding an accountability partner can change the trajectory of your career and life, and how giving time and money can not only make you feel better but also make you more wealthy. You’ll also learn how David, Pat, and Tim built dozens of streams of income by living below their means, connecting with the right people, and taking advantage of opportunities.This is a must-listen if you’ve ever asked the question, “Why am I working so hard, anyway?” You’ll come away from this episode motivated to hold yourself and your loved ones accountable so you can reach your goals together.Download it today!In This Episode We Cover: The background of these founders The story behind the three amigos and the founding of GoBundance The Pillars of GoBundance Having a genuine contribution Having authentic relationships Having extreme accountability Having horizontal income Having age-defying health Having bucket list adventures How to reach your financial goal Finding motivation to earn and grow more And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar GoBundance BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn BiggerPockets Podcast 284: The “Miracle” Behind Becoming a Millionaire with Hal Elrod and David Osborn BiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban  BiggerPockets Podcast 313: How to Be Happy AND Grow a Massive Business with Entrepreneur Jesse Itzler (and Josh!) 1 Life Fully Lived Books Mentioned in this Show The Miracle Morning by Hal Elrod The 4-Hour Work Week by Timothy Ferriss Rich Dad, Poor Dad by Robert Kiyosaki 6 Steps to 7 Figures by Pat Hiban & Gary Keller Rich Dad’s Cashflow Quadrant by Robert Kiyosaki Retire Young Retire Rich by Robert Kiyosaki Richest Man in Babylon by George S. Clason How to Invest in Real Estate by Brandon Turner and Joshua Dorkin Think and Grow Rich by Napoleon Hill As a Man Thinketh by James Allen The E-Myth Revisited by Michael E. Gerber Tweetable Topics: “How can I work as little as possible and keep making money?” (Tweet This!) “Spend your time doing the things that make you money and delegate the rest.” (Tweet This!) “Real estate is the everyday man’s way to wealth.” (Tweet This!) “My car is always secondhand.” (Tweet This!) “Set financial goals, not material ones!” (Tweet This!) “All the wins I’ve got in life have all came from me willing to be vulnerable.” (Tweet This!) “It’s weird because every successful person I’ve ever met spends more time thinking than doing anything else.” (Tweet This!) “You can’t build a successful business without health.” (Tweet This!) “A life without contribution is a life not worth living.” (Tweet This!) “Always be where you are.” (Tweet This!) Connect with Pat, Tim, and DavidGoBundance Learn more about your ad choices. Visit megaphone.fm/adchoices

Awesome show alert! Today’s guest is so full of information you will be blown away.Aaron Amuchastegui sits down with Brandon and David and explains how he buys 20 deals a month while practicing principles of the four-hour workweek. It’s an incredible story about how he built a big business with foreclosures, how he keeps his pipeline full (including how he buys deals at auctions), how he does due diligence, and how he tracks down owners of vacant properties.You won’t want to miss his advice on owning C- or D-level properties, how he uses flip profits to fund a business that acquires rentals, and—most importantly—how you can lose money in real estate even if you’re buying great deals.This episode is full of more powerful insight than we can begin to mention. Aaron is a big-time real estate investor who has gone from rags to riches, to rags to riches again. Tune in to hear him share everything he learned along the way.Download today!In This Episode We Cover: How he got into real estate investing Buying at an auction The different types of auctions How to approach and talk to cash buyers The moral aspect of real estate How to do title research A big surprise after buying a sight-unseen house Bouncing back from losing everything he built Why he thinks flipping is a job And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Kiawe Outdoor Instagram Kiawe Outdoor Brandon’s Instagram 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 Auction.com GoBundance Five Hour School Week Books Mentioned in this Show The Miracle Morning by Hal Elrod The 4-Hour Work Week by Timothy Ferriss Rich Dad, Poor Dad by Robert Kiyosaki Tweetable Topics: “There’s so many problems that you can solve in real estate.” (Tweet This!) “I make money 9/10 houses. I take a loss 1/10.” (Tweet This!) “Flipping is only money when you keep flipping.” (Tweet This!) Connect with Aaron Email Aaron: aaron@flsonline.com or aaron@fivehourschoolweek.com Aaron’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Experienced multifamily investor/educator Michael Blank shares insights on starting in multifamily investing, the law of the first deal, common terms, ideal properties, developing relationships with investors, negotiating tactics, and building wealth through multifamily deals. The episode covers key concepts like cash flow importance, value add strategies, revenue streams for syndicators, deal structuring, passive income through limited partnerships, and success stories in real estate investing.

Would getting more deals through your network help your real estate business? Today’s guest specializes in just that!Brandon and David sit down with Travis Chappell, host of the “Build Your Network” podcast, and dive into how to create success through other people.Travis shares strategies for using his network to find deals, mastering the art of giving to increase your success, and becoming a leader in any space you are passionate about—no matter who you are! You won’t want to miss his “anchoring” negotiating strategy, his advice on the right way to reach out to mentors/influencers, and his five tips for starting off an effective working relationship!This is one of the most value-packed shows BiggerPockets has done. Download it now!In This Episode We Cover: How Travis uses his network to source deals Why he rents his primary residence The power of creating a platform like a podcast or meetup The key to successfully partnering with family Why givers are more successful How his networks really affect his net worth The reason why he’s selling his real estate properties The beauty of adding value first to others His five effective tips for reaching out and connecting with anyone His “anchoring” negotiating tactic and how he used it to land a deal Why house hacking is his favorite way to get started in real estate And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Events BiggerPockets Podcast 314: How to Find Rockstar Contractors and Manage Like a Boss with Andresa Guidelli Build Your Network 186: The Bigger Pockets Podcast with Brandon Turner  BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless Best Ever Podcast by Joe Fairless BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone Entrepreneurs on Fire with John Lee Dumas BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan Jordan Harbinger Show Noah Kagan BiggerPockets Hard Money Lenders BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene Books Mentioned in this Show Give and Take by Adam Grant Millionaire Real Estate Investor by Gary Keller Never Split the Difference Chris Voss Fire Round Questions Any advice on finding deals to flip in a hot market? Do you think it’s a mistake to think about investing out of state, given my lack of experience at this point? Any tips for motivating contractors to move quickly? Tweetable Topics: “Most of the things that we need to master fall under the communication category.” (Tweet This!) “You don’t have to be an expert to start a podcast or a meetup.” (Tweet This!) “Every deal is different. What works for me may not work for you.” (Tweet This!) “The deal is in the numbers. If it’s a good deal, it will make money regardless of all the other stuff.” (Tweet This!) “What you focus on, you get more of.” (Tweet This!) “There’s deals for everybody out there!” (Tweet This!) “Not all debt is bad.” (Tweet This!) “The number one thing about networking is giving value.” (Tweet This!) Connect with Travis Travis’ Personal Website Meet Your Hero Course Learn more about your ad choices. Visit megaphone.fm/adchoices

Today’s guest grew up poor, living in a cabin without power or running water. But now he controls millions of dollars in real estate, owns several companies, and leads one of the country’s top-producing sales teams.How did Ben Kinney pull that off?The story involves, of course, hard work and tenacity. It involves a book that shifted his mindset at just the right time. And most importantly, it involves teamwork.In this episode, Ben lays out the hiring process he used to build a real estate agent business. He talks about how he got used to rejection working as a “cable guy” and shares how YOU can find an off-market deal and start house hacking—without a lot of money out of pocket.Ben also details the seven goals that influenced his every decision and the three things every leader should do when growing his or her business. (Hint: “inspect what you expect.”)In the “Deal Deep Dive” segment, Ben tells us how he was able to buy a company for a hefty price by controlling the terms of the deal.He’s a big-picture guy, who will challenge you to think differently about real estate and business. If you feel held back by tasks you don’t enjoy, listen to this show for practical tips on how to delegate more effectively.Today’s episode will inspire you and help you invest more efficiently, so you can do what you love and watch your wealth grow.In This Episode We Cover: The amazing story behind how Ben got started selling homes Being recession proof Why he builds and buys businesses Using synergy to grow his RE empire What he looks for in a deal Why he likes to buy and hold instead of flip How big businessmen save on taxes What is the income triangle and how to flip it Finding great leaders as partners or employees Building an ecosystem to help find him deals Questions he asks new hires or partners to determine if they are the right ones The story about how he spent six days to find ONE hire Working only do things he enjoys And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Brandon’s Instagram BiggerPockets Facebook Page Pat Flynn’s Podcast The Real Estate Guys BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan David’s Instagram BiggerPockets Instagram Books Mentioned in this Show The Millionaire Real Estate Agent by Gary Keller Cashflow Quadrant by Robert Kiyosaki Rich Dad Poor Dad by Robert Kiyosaki Set for Life by Scott Trench Extreme Ownership by Jocko Willink Tax-Free Wealth by Tom Wheelwright The ONE Thing by Gary Keller and Jay Papasan Tweetable Topics: “I hate when people call me an entrepreneur and the reason is because 98% so-called entrepreneurs fail.” (Tweet This!) “Systems make the ordinary become extraordinary.” (Tweet This!) “People complicate things to justify their inactions.” (Tweet This!) “You can’t be chasing money because money runs too fast.” (Tweet This!) “Hire the things you don’t enjoy.” (Tweet This!) Connect with Ben Ben’s Personal Website Email Ben Ben’s Facebook Page Ben’s Twitter Profile Ben’s Training Website Learn more about your ad choices. Visit megaphone.fm/adchoices

In this bonus episode, co-authors Carol and J Scott read from Chapter 5: Seller Motivation and Leverage. This passage reveals the exact questions the authors ask sellers, and how to “aggressively listen” for valuable information — even when making casual conversation. Plus, Carol and J do some investor/seller role-playing.Order “The Book on Negotiating Real Estate” today at www.BiggerPockets.com/NegotiatingBook; you can get a physical copy, eBook, or audio version (that one is read by professional narrators) — OR just get the Ultimate package, which includes everything, PLUS access to two live Q&A webinars with Carol and J, two bonus videos, and a Quick Reference Guide with the top negotiating tips and tricks from the book Learn more about your ad choices. Visit megaphone.fm/adchoices