BiggerPockets Real Estate Podcast

Looking to get started investing but don’t have millions of dollars and notice there’s not a lot of opportunity in your market? Well, this is the episode for you! Today’s guest is a long-distance investor who uses the BRRRR strategy to buy fixer-upper properties in other states, then refinances to use the money to buy more deals!Alex Felice shares his valuable insights on his criteria for analyzing deals, how he builds his out of state team, and why he’ll never look at a property in person! You won’t want to miss Alex’s strategies for overcoming the fear of investing long distance, as well as his plan for living broke on purpose and how he combines long-distance investing with the BRRRR method to build a portfolio that scales! Alex is a high-energy individual who is passionate about taking action and building the future he wants. Don’t miss your chance to learn from what he’s accomplished, and start making progress building your own portfolio now!In This Episode We Cover: Alexander’s back story and how he got into real estate Why live-in flip? His strategy of being broke on purpose How he learned about the BRRRR strategy Why he thinks being close to your property is a crutch The importance of “skills that scale”: networking and education How to complete a BRRRR in 8 weeks What delayed financing is How to know what a good deal looks like What “unicorn paralysis” is and how to avoid it His strategy in his own market How to think like an underwriter And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Landlord Forms Zillow Trulia How I Analyzed a Deal in 5 Minutes (& Bought it Before Anyone Else Could) (blog) The Secret to Unlocking Bank Financing The highest return on investment you can make – Best Investment Books(blog) Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Principles: Life and Work by Ray Dalio Sapiens: A Brief History of Humankind by Yuval Noah Harari Thinking, Fast and Slow by Daniel Khaneman Science in the Soul by Richard Dawkins The Demon Haunted World by Carl Sagan Factfulness by Hans Rosling Fire Round Questions Can someone explain BRRRR to me like I’m a second grader? What are some pro’s and con’s with buying investment properties out of state? I was just wondering, what questions should I ask potential real estate agents before I make them apart of my team? I am looking to purchase some property online sight unseen. Can you give me any tips for purchasing property like this? Do you focus on properties with little to no repairs? Tweetable Topics: “Live life broke and save a bunch of money.” (Tweet This!) “Being close to your property is a hindrance.” (Tweet This!) “The only point of the first deal is to get the second deal.” (Tweet This!) “As fast as you can, as slow as you need to, but don’t set your goals too small.” (Tweet This!) “You want to convince people that are better than you to deal with you.” (Tweet This!) Connect with Alexander Alexander’s BiggerPockets Profile Alexander’s Personal Blog Learn more about your ad choices. Visit megaphone.fm/adchoices

What is the best way to get started investing in real estate? The problem with this question is that there are SO many different pieces of advice. That’s why we’re excited to bring you one of the most unique episodes of the BiggerPockets Podcast we’ve ever had. In this episode, Josh Dorkin is back—and he and Brandon deliver a series of interviews with some of the past guests from the BiggerPockets Podcast, including David Greene, Kenyon Meadows, Andrew Cushman, Arianne Lemire, Darren Sager, Ryan Murdock, Tim Shiner, Anson Young, Zeona McIntyre, and Ben Leybovich.In This Episode We Cover: Why live and rent with Tim Shiner Darren Sager on what real estate investing strategy to focus on How to know if you’re ready with Ben Leybovich How Zeona McIntyre converts any kind of property into rentals Anson Young’s thoughts on when to tackle projects with grit and when to quit Why Kenyon Meadows thinks you should find an in-person mentor David Greene’s “one thing” How Arianne Lemire analyzes a deal each day Why Andrew Cushman focuses on process rather than outcome Ryan Murdock’s concept of cash reserves How to live-in flip with Mindy Jensen And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Store BiggerPockets Webinar BiggerPockets Events BiggerPockets Money Podcast Books Mentioned in this Show How to Invest in Real Estate by Josh Dorkin and Brandon Turner Investing in Real Estate with No or Low Money Down by Brandon Turner Set for Life by Scott Trench Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets Rich Dad Poor Dad by Robert T. Kiyosaki Long-Distance Real Estate Investing by David Greene Emerging Real Estate Markets by David Lindahl My Wife Hates Loves Rent Houses by Tim and Crystal Shiner Entrepreneurial Reflections by Jay Rodgers Hamburger America by George Motz Never Split the Difference by Chris Voss Exactly What to Say by Phil M. Jones How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson Way of the Peaceful Warrior by Dan Millman Finding and Funding Great Deals by Anson Young Grit: The Power of Passion and Perseverance by Angela Duckworth High Performance Habits by Brendon Burchard Alternative Financial Medicine by Kenyon Meadows M.D. Building Wealth One House at a Time by John Schaub The ONE Thing by Gary Keller Thinking in Bets by Annie Duke Living with a SEAL by Jesse Itzler Extreme Ownership by Jocko Willink So Good They Can’t Ignore You by Cal Newport Miracle Morning by Hal Elrod The 4-hour Workweek by Timothy Ferriss Richest Man in Babylon by George S. Clason How to Sell Your Home by Mindy Jensen Tweetable Topics: “I really don’t care that much if I’m negative or positive. My bigger thing is appreciation.” —Tim Shiner (Tweet This!) “You can’t do something until you are ready to do it.” —Ben Leybovich (Tweet This!) “Everything that we do has a process.” —Brandon Turner (Tweet This!) “You can go for an online course or YouTube videos, but you cannot replace that in-person mentor.” —Kenyon Meadows (Tweet This!) “Stop thinking that what you need is someone to hold your hand and walk you through this.” —David Greene (Tweet This!) “Daily, consistent action will lead to great results.” —Arianne Lemire (Tweet This!) “Focus on the process and not the outcome.” —Andrew Cushman (Tweet This!) “Failure is not a failure if you learn from it.” —Andrew Cushman (Tweet This!) Connect with the Guests (through BiggerPockets) Tim Shiner Darren Sager Ben Leybovich Zeona McIntyre Anson Young Kenyon Meadows David Greene Arianne Lemire Andrew Cushman Ryan Murdock Mindy Jensen Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn how to invest in real estate with no personal capital using creative financing strategies. Discover the Burr strategy, maximizing investments with creative financing, and exploring unique paths in real estate investing. Explore different financing options and techniques for building a real estate empire without using your own money.

Ever wonder about the REAL story behind the house flipping tv shows? On today’s show, we interview Ken Corsini, star of HGTV’s Flip or Flop Atlanta! Ken pulls back the curtain and shares fantastic insight and knowledge into several areas of real estate investing, from house flipping to new construction to owning a real estate brokerage!In this episode, we cover Ken’s methods for finding deals in hot markets, how to recognize general contractor “price creep” (and what to do about it), and how to craft multiple exit strategies that will serve you in any market. Ken also shares some fantastic insight regarding his technique for staying flexible to protect himself from market downturns that you do NOT want to miss (if you value keeping money over losing it)!In This Episode We Cover: Why Ken kicks himself for selling houses he flipped How he adapted to a changing market when hedge funds took over  How he started a construction business to keep up with the growing demand for big rehabs How he recognizes what the best strategy is for each market What “price creep” is—and what to do when you find it Why adaptability is your best ability And SO much more! Links from the Show BiggerPockets Forums The Office (TV series) BiggerPockets’ Calculators BiggerPockets’ Rehab Estimator Calculator Turn-Key Property Investing: An Interview with Ken Corsini How to Buy Your First Home or Investment Property with No Down Payment (Carleton Sheets) Books Mentioned in this Show Good to Great by Jim CollinsFire Round Questions What are thoughts on building a duplex or triplex, or something like that? I’m trying to figure out how to estimate what the new home(s) will be worth What have you found as the best financing for new construction of investment properties? What type of insurance do you all recommend for short term real estate holding and construction? Could I hypothetically take a whole rundown neighboorhood and turn it into a highly desirable place to live? My question is what is the best way to legally structure to protect us both and also best structure tax wise? Tweetable Topics:“I don’t think you can stay relevant if you don’t watch the signs and learn to adapt your business.” (Tweet This!)Connect with Ken Ken’s Company Website Fix or Flop Atlanta (HGTV) Learn more about your ad choices. Visit megaphone.fm/adchoices

Interested in building giant wealth through multifamily real estate investing? Well, on today’s show, we interview someone who already has. Michael Becker is an experienced multifamily investor who’s mastered the genre and simplified the process for being successful! Michael shares what every new investor needs to know about avoiding the biggest mistakes in multifamily, how to invest no matter the market or how hot it is, four problems to watch out for that led to the last recession, and a lot more! You DO NOT want to miss the deep dive where Michael shares how he and his partners made $10M in profit using a combination of BRRRR, syndication techniques, private money, and prudent decision-making. If you’ve ever thought about moving into multifamily investing at some point, don’t miss this show!In This Episode We Cover: How Michael got into real estate The value of partnerships and networking Tips for buying 16 multifamily units What a cap rate is His thoughts on a crash and timing the market How he raises money for a deal Relationship-building and how it helps in any business Advice for using webinars to pitch Tips for raising capital Why you want to keep presentations simple Unique advantages of Fannie Mae and Freddie Mac loans Single family rentals vs. multifamily And SO much more! Links from the Show BiggerPockets Forums Brandon’s Twitter Profile Brandon’s Instagram BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman BiggerPockets Podcast 279: How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman Books Mentioned in this Show The Millionaire Real Estate Agent by Gary Keller The ABCs of Real Estate Investing by Ken McElroy The Advanced Guide to Real Estate Investing by Ken McElroy Am I Being Too Subtle by Sam Zell Fire Round Questions Should we have an inspector walk through every unit? How do I do my first multi family syndication with no money down? Would you purchase all three together and secure one commercial loan for the properties or do I have to get three separate loans? Tweetable Topics: “It’s much better to be the borrower than the lender when it comes to investing.” (Tweet This!) “All you really have to do is to close a deal or two.” (Tweet This!) “The world is full of capital.” (Tweet This!) “You don’t need to have everything. You just need to have access to it.” (Tweet This!) Connect with Michael Michael’s Company Website Michael’s Podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

In today’s epic show, we interview World Series of Poker bracelet champion Annie Duke. Annie is a nationally sought-after speaker who combines her mastery of poker with a study of the cognitive sciences in a truly unique and brilliant way.In this show, you’ll have your mind blown by Annie’s insights regarding following conventional wisdom (even if it doesn’t make sense), focusing too much on the results (and not enough on the right choice), and accepting a level of uncertainty to gain a HUGE advantage over your competition. Annie’s theories on “thinking in bets” are designed to help others navigate a world where we can’t be certain of an outcome, but still come out on top over time.This is an absolute can’t-miss episode for those looking for strategies to overcome apprehension, fear, or uncertainty. Be sure to listen to this incredibly brilliant and powerful interview—and get the tools to take your next steps today!In This Episode We Cover: Annie’s backstory and how she got into professional poker Her concept of risk management Thoughts on luck and circumstances we have no control over Elements of luck versus elements of skill Pete Carroll’s endgame decision The concept of “resulting” What constitutes a consensus choice Winning and losing—and caring about your decision-making process The difference between real estate investing and poker The importance of confidence and certainty Why one shouldn’t be afraid of losing and being blamed A champion versus a victim And SO much more! Links from the Show BiggerPockets Forums Rounders BiggerPockets Podcast 074: Buying My First Investment Property- A Newbie Podcast with Jordan, Jacob and Jeromie Jordan Thibodeau’s Author Profile Scott’s Instagram David’s Instagram BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod Books Mentioned in this Show Thinking in Bets by Annie Duke The Miracle Morning by Hal Elrod The Geometry of Wealth by Brian Portnoy Decide to Play Great Poker by Annie Duke Superforecasting by Dan Gardner and Philip E. Tetlock Extreme Ownership by Jocko Willink Radical Candor by Kim Scott Thinking, Fast and Slow by Daniel Kahneman The Signal and the Noise by Nate Silver Set for Life by Scott Trench Tweetable Topics: “Every decision, even small executional decisions all the way to the larger goals, carries risks.” (Tweet This!) “There are no small decisions.” (Tweet This!) “The most important person we need to worry about pointing fingers at is ourselves.” (Tweet This!) Connect with Annie Annie Duke’s Personal Website Annie Duke’s Twitter Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

What does it take to truly find financial independence? Money? Deals? Mentors? Or could it be something else entirely… something intangible? In this episode of the BiggerPockets Podcast, we sit down with Rock Thomas, a real estate investor and agent who shows others the simple mindset shifts needed to achieve financial freedom. In other words, it’s time to work on YOUR “money blueprint.” Through Rock’s story, you’ll learn the most important skills any individual needs to achieve in any field, the best way to find and attract mentors who can teach you the path, how to change your “operating system” to one that is far more successful, and so much more. With powerful stories, humor, and insight, Rock’s story is one you won’t want to miss!In This Episode We Cover: Rock’s backstory as a worker on a farm What mentors look for into someone How he used pain to propel himself forward Saying yes to opportunities, no matter how difficult The importance of having what it takes Why you should seek out people with energy Being the guy who solves any problem The 4 money personality types The type of properties he invests in And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar GoBundance How to Change the Way You See Yourself | Rock Thomas | Goalcast BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn Books Mentioned in this Show Nothing Down for the 2000s by Robert G. Allen Rich Dad, Poor Dad by Robert Kiyosaki The ONE Thing by Gary Keller and Jay Papasan Rich Dad’s Cashflow Quadrant by Robert Kiyosaki Why the Rich Are Getting Richer by Robert Kiyosaki E- Myth Revisited by Michael Gerber Rocket Fuel by Gino Wickman & Mark Winters Fire Round Questions Any ideas on how I get get financing for my first deal? What are some methods/strategies to lower my upfront costs for the down payment, while not getting beat up on interest rates? What should I have in my contract and what should I look for in doing a seller finance deal? Can a landlord evict a tenant for not paying all of the security deposit? What qualities define a great mentor? Tweetable Topics: “Mentors, you want to admire them and you want to be them.” (Tweet This!) “When you step in the room and you feel you’re not the smartest guy, you’re in the right room.” (Tweet This!) “Get comfortable with being uncomfortable.” (Tweet This!) “You can get anything you want in life as long as you are committed and creative.” (Tweet This!) “Find what pisses people off and solve it for them.” (Tweet This!) Connect with Rock Rock Thomas’ Personal Website Rock Thomas’ Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you interested in learning how to flip 8-12 houses a month at $30k a pop? Well, this episode may be just what you’ve been looking for! On today’s show, we interview Melissa Johnson—house flipper extraordinaire and owner of the company Lead Propeller, a service that provides websites to help motivated sellers find real estate investors. Melissa provides some incredible information regarding how they find motivated sellers, how they negotiate deals, how they sync up with the best contractors! You won’t want to miss the three things your website NEEDS to generate seller leads, as well as the exact process to estimate rehab costs! Melissa and her husband Danny run the podcast Flip Junkie, and in this episode, they pull back the curtain to reveal the secrets to their business. Don’t miss out on your chance to learn from a seasoned pro!In This Episode We Cover: Melissa’s story of getting into real estate How everything went wrong on her first deal  Why she doesn’t recommend a “burnout” Their amazing average flip volume and profit (hint: 8-12 deals a month!) Her top three lead sources How she uses SEO to her advantage Advice on putting up a website A discussion on flipping vs. wholesaling How to find the right contractor Tips for figuring out rehab costs Things to do when you go over budget And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Mission Meats BiggerPockets Perks BiggerPockets Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson BiggerPockets Podcast 018 : Flipping, Marketing, and Wholesaling with Danny Johnson Episode 2: Is Wholesaling Illegal? w/Brandon Turner (FlippingJunkie Podcast) Skitch BiggerPockets Rehab Estimator Calculator BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod BiggerPockets Podcast 284: The “Miracle” Behind Becoming a Millionaire with Hal Elrod and David Osborn LeadPropeller Books Mentioned in this Show The Miracle Morning by Hal Elrod Flipping Houses Exposed by Danny Johnson The Five Temptations of a CEO by Patrick Lencioni The Advantage by Patrick Lencioni Grit by Angela Duckworth Fire Round Questions What is the best way to go about finding a dependable, trustworthy contractor in a large city? What is your criteria for finding a project manager? Do you strictly work with licensed and insured contractors? How do you “ballpark” the repair costs for a flip and for a rental so that the turnaround on an offer is faster? What do you feel are the top 3 skills to do yourself rather than hiring a contractor? What are the best types of loans to get for buying rental properties and rehabbing them? Tweetable Topics: “We are selling them solutions to their problems.” (Tweet This!) “Sellers feel more comfortable with people who seem real.” (Tweet This!) “We need to be the ones in control of the situation, not the contractor.” (Tweet This!) Connect with Melissa Melissa’s BiggerPockets Profile Danny Buys Hosues Flipping Junkie Flipping Junkie Youtube Channel Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you happy with the current state of your real estate business? If you’re like most people, the answer is no. On today’s show, we interview property management superstar Jesse McCue and dig deep into how he’s became Maine’s top property manager as well as a successful RE investor along the way. Jesse shares how he formed a partnership with a successful business to become an owner of the company, as well as how he bought a 67-unit hotel off of a tip from his electrician for half of its appraised value! You’ll be amazed as he describes a strategy that is “better than BRRRR”—and most importantly, the number one question you need to ask a property manager to find out if they are the right choice for you. If you want to learn how to put fundamental business skills to work in your investment business, this is a show you do not want to miss!In This Episode We Cover: How Jesse was bitten by the real estate investing bug How he turned around a property in 6 months that required 8 years of budgeted rehab money The tactics he uses to hire people to help him scale his business How he made himself invaluable to a rising star and formed the perfect partnership  The questions you need to ask a property manager to determine if they are a rockstar or a dud Tips on buying a motel The “better than BRRRR” strategy And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock The Surprisingly Simple Reason Why You Feel Stressed (Blog) Rent Manager Property Management Software Buildium AppFolio Books Mentioned in this Show 4-Hour Work Week by Timothy Ferriss The Book on Managing Rental Properties by Brandon Turner & Heather Turner The Snowball: Warren Buffett and the Business of Life by Alice Schroeder Fire Round Questions What questions Should you ask property managers in an interview to get a feel for which ones are the best? How do you start a Property Management Company? What is the expected turn around for getting a property ready for a new renter by a property manager? When is self managing too much? What are some of your absolute “No’s” when screening tenants? I am about to have my first renter, what are some do’s and don’t that you would recommend? Tweetable Topics: “When you know the people, you know what’s going on.” (Tweet This!) “If you are unhappy, your systems are broken.” (Tweet This!) “Do the things that make you feel light and not the things that make you feel heavy.” (Tweet This!) Connect with Jesse Jesse’s BiggerPockets Profile Jesse’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever thought about retiring early, traveling, and living your best life now? On today’s show, we interview Chad Carson, author of the new BiggerPockets Publishing book Retire Early With Real Estate.Today Chad shares how he and his partner were able to accumulate 90 units and live purely off the money generated by their portfolio! In this episode, learn how Chad got started and the steps he took to elevate his business and which strategies he used to make $120,000 on one flip!Chad’s story covers the gamut of flipping, wholesaling, buy-and-hold, and more. If you want to know what it looks like to retire early with real estate (including what you may be doing wrong right now, and how to change that), this is an episode you definitely want to download now!In This Episode We Cover: Chad’s strategies for retiring early through real estate If focusing on cash flow or equity is the smarter move How to control your budget If offense or defense is more important when it comes to building wealth How Chad made $120K in one flip How tax-lien strategies work — and what Chad did to capitalize on them Why “starter” investment homes aren’t always the best choice to stick with How to transition from wholesaling to other investment strategies How many hours you can expect to work each week once you’ve retired early with real estate How “the stack” can help you grow your portfolio fast and efficiently How house hacking can lead to an early retirement And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast 084: Getting Started with Creative Finance and Designing Your Ideal Lifestyle With Chad Carson BiggerPockets Podcast 141: 7 Ways to Find Incredible Real Estate Deals with Chad Carson BiggerPockets Store BiggerPockets Money Podcast The Shockingly Simple Math Behind Early Retirement – Mr. Money Mustache Books Mentioned in this Show Retire Early With Real Estate by Chad Carson 4-Hour Work Week by Timothy Ferriss Building Wealth One House at a Time by John Schaub Big Shifts Ahead by John Burns Wooden by John Wooden Fire Round Questions What is the best advice you got when you where first starting out or before you purchase your first investment? How long do you spend each day, working with real estate? Can you retire early with a few paid off rentals? Can I really retire early on 4 duplexes? Is house hacking to early retirement a viable strategy? Real estate or Roth IRA? How do you set your criteria for rental property investing? Tweetable Topics:“Our core skill as an investor is figuring the value of real estate.” (Tweet This!)Connect with Chad Chad’s BiggerPockets Profile Coach Carson Website Chad’s LinkedIn Profile Chad’s Facebook Profile Chad’s Instagram Profile Chad’s Twitter Profile Learn more about your ad choices. Visit megaphone.fm/adchoices