BiggerPockets Real Estate Podcast

Are you a real estate investor concerned with the potential of a shifting economy? These concerns are understandable, and today’s guest has some great techniques for both protecting your money and taking advantage of deals in any market! J Scott,... Learn more about your ad choices. Visit megaphone.fm/adchoices

Looking to find financial independence through real estate but don’t want to be responsible for a portfolio of 100 homes? Well, that’s exactly what today’s guest is doing!Jenny Bayless is a real estate investor in Colorado who is using long-distance investing principles to systematically build a portfolio of cash flowing properties using the BRRRR method! Jenny is absolutely crushing it by “making” deals in today’s tough market and shares what she looks for that other investors miss.Learn her system for targeting fixer-upper properties, how she estimates rehab costs, and the method her real estate agent uses to send her videos of potential properties so she doesn’t have to drive hours to see them. Jenny also shares how she uses hard money to buy “cash,” how she found a rockstar agent, and how she backed into an “accidental BRRRR” that led to future success!Today’s episode is equal parts inspirational and practical with TONS of actionable advice. If you want to retire early with real estate but don’t want the headache of managing 100 homes, don’t miss this show!In This Episode We Cover: Long-distance principles Jenny uses to invest near her market How Jenny uses the BRRRR strategy to systematically grow her portfolio Ways to chase financial freedom without a monstrous portfolio How she has an agent do her due diligence for her The strategy she uses to “make” deals in a today’s tough market Her opinion on how to use turnkey properties to get started investing Ways to start with fixer-upper properties to get great deals in a hot market How she uses hard money to buy “cash” deals How she estimates rehab costs before writing offers, Her “accidental” BRRRR story How she’s pursuing financial independence with only 10 homes! And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Biggerpockets’ Instagram Brandon’s Instagram BiggerPockets BRRRR Guide How BRRRR Increases Your ROI (And Why You Should Be Using It) BiggerPockets Calculators BiggerPockets Bookstore Quickbooks Online Cozy Property Manager Buildium Property Manager Appfolio Property Management Software Books Mentioned in this Show The Book on Estimating Rehab Costs by J. Scott The Book on Flipping Houses by J. Scott Long-Distance Real Estate Investing by David Greene Building Wealth One House at a Time by John Schaub The Book on Managing Rental Properties by Heather Turner and Brandon Turner Rich Dad’s Cashflow Quadrant by Robert Kiyosaki Tweetable Topics: “The worst that they can say is no.” (Tweet This!) “We all know what it’s like to have a job. We don’t all know what it’s like to run a business.” (Tweet This!) Connect with JenniferJennifer’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever considered flipping houses for cash but aren’t sure where to start? If so, today’s episode is perfect for you! Brandon and David interview Steven Pesavento, a long distance flipper who’s doing 75 deals a year. Steven shares several of his tips for success, including just what he does to keep his pipeline full of deals, how he follows up with qualified leads, and the strategy he used to get good at closing deals working for someone else!You’ll love Steven’s system for choosing the best market to flip in, how he systematically ramped up his business, and how he built a team from the ground up (including each team member’s job title and description)! This episode is chock full of specific, actionable advice that will apply to newbies and experienced pros alike. Download and listen today!How he finds his deals, where he is consistent and wins the long game, how he flips 75 houses a year, when to grit and when to quit, how to know when it’s time to ramp up your business, how to build and scale your business, the order in which you should hire, what makes up an all-star team, why repetitions are so important, and what to look for in a partner to help grow your business.In This Episode We Cover: Steven’s background and how he got into real estate Learning through modeling successful investors The very first deal (which was not that great) How he set his goals Knowing the right time to get serious Direct mail and other marketing methods that worked for him Partnering with great people From zero to 75 deals within two years Raising money from private investors Renting his personal home on Airbnb to pay the bills Living frugally to get the business running Not taking a paycheck until year two so he could invest in people and growth And SO much more! Links from the Show BiggerPockets Gift BiggerPockets Forums BiggerPockets Webinar BiggerPockets Jobs Tony Robbins’ Website BiggerPockets Podcast BiggerPockets Podcast 307: The Science Behind Setting and Achieving Big Goals BiggerPockets Hard Money Lenders Tony Robbin’s Events Amazon Books Mentioned in this Show 90 Days of Intention by Brandon Turner (Journal) Four Hour Workweek by Tim Ferriss The ONE Thing by Gary Keller Rich Dad Poor Dad by Robert Kiyosaki Never Split the Difference by Chris Voss Awaken the Giant Within by Tony Robbins Fire Round Questions Does anyone know of a way to finance a house where I could sell it in 3 months without hard money or cash? What kind of presentation do you use when trying to get funding for your flips? Any tips and tricks you use to ensure that you won’t go over budget during your rehab? How do I qualify for a loan to fix and flip houses without savings or good credit? Tweetable Topics: “It’s not about how I may get rich, but it’s about how am I going to learn everything that I possibly can.” (Tweet This!) “We’re not doing anything special, we’re just doing it.” (Tweet This!) “It’s a very simple business, but it’s not that easy.” (Tweet This!) Connect with Steven Steven’s BiggerPockets Profile Steven’s Company Website Steven’s Facebook Profile Steven’s Twitter Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Would your life be positively impacted by owning over 400 rental units? What if you could get there in under four years? On today’s show, we interview BiggerPockets contributor Sterling White, who has managed to do just that!Sterling shares how he started his entrepreneurial journey selling Pokemon cards and eventually worked his way up to owning over 150 single family properties (and several multifamilies as well). He also shares how he finds 90-100% of his properties OFF MARKET using a five-step system for finding and closing on them (so simple anyone can do it), as well as the script he uses when speaking directly to sellers. You don’t want to miss his powerful secret for building rapport with potential leads (by sending a specific puzzle to them in the mail) and how he raises money to close on these properties.If you want to scale your business and want the blueprint for how to do it, don’t miss this powerful episode!In This Episode We Cover: How Sterling got into real estate, working for free just to learn Negotiating equity: What is it? Why you possibly shouldn’t go the wholesaling route The benefit of focusing on your strengths How to work with your family and friends and branching out from there How he finds deals—cold call mixed with direct mail Why he sends Rubik’s cubes to prospects Tips for creating a network of investors by building a funnel What his team looks like And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Events Mentor Better Business Bureau BiggerPockets Blog BiggerPockets Facebook Profile BiggerPockets Podcast 061: How to Succeed in Multifamily Investing – A Unique Conversation with Josh, Brandon, and Ben BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman BiggerPockets Youtube Channel Upwork Fiverr ListSource Brandon’s Instagram David’s Instagram Books Mentioned in this Show 90 Days of Intention by Brandon Turner (Journal) Jab, Jab, Jab, Right Hook by Gary Vaynerchuk Multi-Family Millions by David Lindahl Lead the Field by Earl Nightingale Fire Round Questions Should you invest in a passive deal first or jump straight in to being a deal sponsor? What do you believe are the pros/cons or benefits/risks of investing in multifamily and residential rental properties? Can you wholesale multifamily properties? What expenses I should consider when analyzing an apartment complex? Does anyone have any creative ways to target owners of apartment complexes to try and complete a deal? Tweetable Topics: “You just have to train yourself to get past objections.” (Tweet This!) “Share your story to other people who are where you were.” (Tweet This!) “If you can’t negotiate the price, negotiate the terms.” (Tweet This!) “Everything is selling. Even when you’re buying, you still have to sell.” (Tweet This!) “We all have a short amount of time on this planet, so might as well go after your dreams and goals ultimately.” (Tweet This!) Connect with Sterling Sterling’s BiggerPockets Profile Sterling’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Raise your hand if this describes you: You start working toward a new goal with excitement, only to watch it eventually fizzle out to nothing. If you’re human, it’s likely you’ve experienced this phenomenon. Why is it some goals are just so hard to accomplish, whereas others we’re able to conquer with ease?On today’s episode of The BiggerPockets Podcast, that’s exactly what you’ll discover. Diving deep into psychological research on goals, motivation, and time management, Brandon and David will pull back the curtain on how people set and accomplish big goals and give you a GPS toward changing your life forever. If there is one episode you listen to all year, let it be this one!In This Episode We Cover: The real estate G.P.S. system GOAL Specific Difficult Feedback Commitment Training your reticular activating system Make sub goals Reward yourself for small wins PLAN Why humans need processes and steps Lead measures vs. leg measures Learn the L.A.P.S. system on finding deals Keystone habits SCHEDULE Schedule meet-ups Set the behavior, time, and location ACCOUNTABILITY Why you may want to join a group that meets weekly with clear structure And SO much more! Links from the Show GoBundance BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn BiggerPockets Calculators Realtor.com James Clear BiggerPockets Events Goals Research Summary (Graphs) Brandon’s Blog Posts StickK App Steph Curry Shoots ‘Til He Makes 500 3-Pointers Every Day: Here’s the Crucial Lesson That Teaches Us (Blog) Books Mentioned in this Show 90 Days of Intention by Brandon Turner (Journal) Handbook of Positive Psychology by CR Snyder & Shane J. Lopez 59 Seconds: Change Your Life in Under a Minute by Richard Wiseman The Miracle Morning by Hal Elrod Power of Habit by Charles Duhigg The Subtle Art of Not Giving a F*ck by Mark Mason Pitch Anything by Oren Klaff Tweetable Topics: “When people wrote down their goals, they were 33% more successful in achieving them.” (Tweet This!) “Subconscious is a powerful ally, but a terrible master.” (Tweet This!) “Every goal you desire is preceded by a process required to get the results.” (Tweet This!) Connect with Brandon and David Brandon’s Instagram David’s Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you looking to take your investing from casual to serious someday? Have you ever thought about what it would take to own thousands of units without having real estate run your life?Well, you’re in luck! On today’s show, we interview Monick Halm. Monick’s story will blow you away as she shares how she went from house hacking a duplex in L.A. to owning over one thousand units! Monick’s super simple system for finding others to partner with and invest in her deals has allowed her to scale without creating an overwhelming amount of work for herself.You’ll be amazed at Monick’s super simple formula for using the “three Cs” to find partners, her tips for raising private money naturally, and the effortless way she scales her investing. Do NOT miss her seven step criteria for choosing a new market and how to evaluate an area to find where it is in the market cycle (including which point you want to jump in at). Monick’s story is creative, encouraging, and inspiring to investors of all levels. Don’t miss out on this show filled with practical advice today!In This Episode We Cover: How Monick bought at worst time to get into real estate How she partnered on her first house with a friend and each lived in one side (unique and creative house hacking technique) How she met Robert Helms of the Real Estate Radio podcast and it changed her thinking Her “Three C” system for evaluating potential partners to work with: Character, Commitment, Capacity Her 7 criteria for choosing a market to invest in: Population growth, Job growth , Diversified economy, Landlord friendly, Business friendly, In the right part of the market cycle (rising market), Familiarity How she ramped up her business by getting into syndication Why finding “business friendly” markets will help ensure you have a healthy tenant pool The four stages to a market cycle (and which one you want to look for when deciding when to jump in) How she developed land to create an awesome RV park to satisfy a market with massive rental demand And SO much more! Links from the Show BiggerPockets Forums Become a Guest at the BiggerPockets Podcast The Real Estate Guys Radio Flip or Flop (TV Series) Secrets of Successful Syndication Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki Set for Life by Scott Trench Turning Pro by Steven Pressfield The War of Art by Steven Pressfield Fire Round Questions Where to start a syndication? When starting out what was the best way to find partners? Tweetable Topics: “Relationship is very crucial in real estate investing.” (Tweet This!) “Great talent does not cost you money; it makes you money.” (Tweet This!) “Definitely, we’d have not gone where we are now if we were doing this alone.” (Tweet This!) “Your network is your net worth.” (Tweet This!) Connect with Monick Monick’s BiggerPockets Profile Monick’s Personal Website VIP Assets Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you interested in retiring early with real estate but don’t want to manage hundreds of properties to do so? Today’s guest has managed to travel to 54 countries in the last three years after retiring in his 30s by owning just FIVE properties.Brad Dantonio shares exactly how he reached financial independence at such a young age by focusing on three unique skill sets (and how you can, too). In this episode, you’ll learn how Brad has created “time wealth,” how he tracks every expense he has, and how he achieved the equivalent of a four-year degree while sitting in Houston traffic!Brad also gives us the three tips he shares with young people (including how to take your journaling to a whole new level), how he forever changed his relationship to fear, and how learning the art of delaying gratification at a young age gave him an advantage over his competition for life! Brad has a fantastic story of overcoming adversity as a young child and using his setbacks as fuel to create the system he used to retire early and live the life of his dreams. If you want to use real estate to live your best life, this is an episode you don’t want to miss!In This Episode We Cover: How Brad got into real estate How he increased his income every year for 13 years because he was fanatical about self-development How journaling impacted his life The story of him selling his software to make money and using it to to buy houses How he ended up self studying about negotiation and sales His offensive and defensive techniques on living less and earning more The value of tracking expenses Why he thinks he’s wealthier than billionaires through the concept of time wealth And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Meetup and Events BiggerPockets Webinars My Fitness Pal My Body Tutor Toshl How Does it Feel to be Rich? (Blog) BiggerPockets Store MBA562 Guest Teacher: Brandon Turner- How to (Finally) Write a Wicked-Awesome Book in 100 Days or Less (Podcast Episode) A Simple 4-Step Process for Writing Your First Book in 100 Days (Blog) Connect with BiggerPockets Publishing SalesForce Amazon Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki Lifeonaire by Steve Cook & Shaun McCloskey Poor Charlie’s Almanack by Charles T. Munger How to Invest in Real Estate by Joshua Dorkin, Brandon Turner How to Win Friends & Influence People by Dale Carnegie 90 Days of Intention Journal by Brandon Turner The Richest Man in Babylon by George S. Clason Titan: The Life of John D. Rockefeller, Sr. by Ron Chernow Robert Greene’s Mastery The 48 Laws of Power by Robert Greene Shoe Dog by Phil Knight Fire Round Questions Has anyone compared the returns of a stock/bond portfolio against investing remotely in real estate If someone has the money to pay the mortgage in full, should they do it? or invest it? To MBA, or not to MBA? Would you buy a property with pending tenant evictions? Tweetable Topics: “Inspect what you expect.” (Tweet This!) “You can’t spend enough money on books.” (Tweet This!) Connect with Brad Brad’s Personal Website Brad’s Twitter Profile Brad’s Instagram Brad’s Facebook Page Learn more about your ad choices. Visit megaphone.fm/adchoices

If you’re looking to have your mind completely blown and walk away feeling like you can and WILL do anything, this show is for you! Today’s guest is inspirational figure, fitness model, and Vine sensation Nick Santonastasso.Nick shares his personal story and holds nothing back, describing how he’s overcome the difficulties of being born with Hanhart syndrome and the incredible mindset he’s developed along the way that led to him meeting Dwayne “The Rock” Johnson, becoming an online viral sensation (and scaring a character from The Walking Dead as a zombie), climbing a mountain despite the absence of three limbs, and more!Nick shares tons of actionable steps for overpowering fear, overcoming and adapting to any environment, harnessing the power of gratitude, and more than we can list here! If you’ve ever been stuck in a personal rut and want to find a way to establish a mindset that ALL real estate investors should be adopting, listen to this episode and share it with someone you love!In This Episode We Cover: Nick’s story and a life with Hanhart syndrome Changing your internal language The story behind the skateboard handstand The importance of having an authentic self The “must be nice” syndrome Thoughts on having a “massive footprint” Breaking down goals Modeling yourself on someone Gratitude and why it’s important Choosing empowering over disempowering thoughts And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinars David’s Instagram Brandon’s Instagram BiggerPocket’s Instagram Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki Victim to Victor by Nick Santonastasso Tweetable Topics: “The emotion of gratitude outweighs all emotions.” (Tweet This!) “Humans in general have the tendency to start with ‘cannot.'” (Tweet This!) “Everything in life is trial and error.” (Tweet This!) “The biggest disability you can have is a bad mindset.” (Tweet This!) Connect with Nick Nick’s Youtube Channel Nick’s Facebook Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you a little tired of hearing about all the “successes” of real estate investors and wondering how realistic this is in the real world? Well, on today’s show, Brandon and David share the 10 biggest mistakes they’ve made in their investing careers—warts and all!Let’s be honest—real estate isn’t all sunshine and rainbows. Mistakes happen! In this episode, we cover WHY investors often sabotage their own success and what can be done to overcome this! You’ll learn how to avoid massaging your numbers to force a bad deal through, how to guard against getting ripped off by contractors, how to hire the RIGHT team members to help you succeed, and how to fire the wrong ones!We also cover the high cost of analysis paralysis and how to move past it, how to choose the right market for yourself, and the mistake that cost David $5,000—simply because he didn’t understand how inspection periods work in different states. If you want to see the real story behind real estate investing, including the stuff that often isn’t talked about, don’t miss your chance for some authentic, honest transparency from two experienced investors!In This Episode We Cover: A discussion on waiting to start investing because you don’t feel you can do it yet The pros and cons of doing everything yourself The danger of working with the wrong people Stories of buying the wrong deal How to avoid not managing people correctly What can happen when you underestimate rehab costs Why you shouldn’t put too much down on a property The pitfalls of not doing enough market research Avoiding investing because your state is too expensive Not rehabbing correctly And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinars BiggerPockets Podcast BiggerPockets Contractors BiggerPockets Loans BiggerPockets Analysis Tools Biggerpockets File Place How to Buy Real Estate & Build Your Portfolio Fast! (“The Stack!”) Books Mentioned in this Show Ego is the Enemy by Ryan Holiday The Millionaire Real Estate Agent by Gary Keller The Book on Estimating Rehab Costs by J. Scott So Good They Can’t Ignore You by Cal Newport High Performance Habits by Brendon Burchard Fire Round Questions Is there a formula for budgeting for preventative maintenance and repairs. How long does it usually take you to get a unit rented out after purchasing? I am looking for advice and knowledge on how to go about getting into a second deal with all my funds tied up in this duplex currently What are your screening criteria that you use for weeding out bad deals when you’re looking to BRRRR? Tweetable Topics: “Thinking small is more expensive than failing big.” (Tweet This!) “Find an investor-friendly agent.” (Tweet This!) “Calculators don’t have egos.” (Tweet This!) “The wise investor understands equity equals safety.” (Tweet This!) “Define what you want and work for it until you get it.” (Tweet This!) Connect with Brandon and David Brandon’s Instagram Brandon’s BiggerPockets Profile David’s Instagram David’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever had an interest in house flipping but felt you needed help getting started? Today’s show covers that exact topic!Cory Nemoto is an extremely humble but successful house flipper in Hawaii who is CRUSHING the game. On today’s show, Cory shares his personal strategies for keeping his pipeline full of great deals, what techniques he uses to make a minimum of $100k on each deal, how he partners with new investors to make everyone money, and his brilliant tips for building relationships with those most likely to build his business. You do not want to miss Cory’s unique strategy for using “debt-quity” to get deals brought to him before anyone else!Cory has been so successful flipping houses in Hawaii that he’s moved his system to Seattle, where he’s crushing it there too—all using very simple methods built on relationships and creating win-win scenarios. If you’re looking for a can’t-miss way to build a profitable house flipping business, listen to this one!In This Episode We Cover: The two reasons you should NOT get into real estate investing Figuring out your big “why” Cory’s unique strategy for getting started  What exactly “debt-quity” is How he makes a MINIMUM of $100k on each flip The networking strategy Cory uses to keep his pipeline full Where he finds hungry, ambitious, and like-minded people to partner with and his brilliant strategy to connect with them And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinars BiggerPockets Events BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki The Book on Flipping Houses by J. Scott The Go-Giver by Bob Burg & John David Mann Fire Round Questions In your own experience, how or what have you done to find deals off-market? How are you finding your deals? Would it be better to buy higher end properties in good locations maybe? I am considering to invest a property either in Silicone Valley or Seattle area. What do you guys think? Anyone ever hold a “contractor” open house (so to speak)? How to source trustworthy contractors and inspectors? Tweetable Topics: “Even if the profit is small, it doesn’t mean it’s not a good deal.” (Tweet This!) “Every deal is different.” (Tweet This!) “If you’re in it for the money and the image, then you’re not going to make it.” (Tweet This!) Connect with Cory Cory’s BiggerPockets Profile Cory’s Website Cory’s Instagram Cory’s Facebook Profile Learn more about your ad choices. Visit megaphone.fm/adchoices