BiggerPockets Real Estate Podcast

425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy

BiggerPockets Real Estate Podcast

• 730 views
• over 3 years ago
• 01:26:23

On last week’s episode, we talked to Dan Sullivan, author of Who Not How. This week, we’re joined by his co-author, Benjamin Hardy. Benjamin has spent the last few years getting his PhD in organizational psychology, writing books such as Personality Isn’t Permanent and Willpower Doesn’t Work. These tie perfectly into his new book Who Not How, and will help you get to the business, personal, fitness, or other goals you’re trying to reach.Benjamin goes through why things like willpower and effort are often misunderstood, and how they can be used as tools to get you to your goals, but they aren’t the path. Benjamin walks us through why so many entrepreneurs get “decision fatigue” and why situations often rule over people, not the other way around.Benjamin presents a very unique view on shaping your future, one that isn’t often talked about in the self-help and business space. With many entrepreneurs feeling stressed, fatigued, or just confused, Benjamin’s advice offers not only a practical, but tangible way to accomplish what you want and do better in your business and personal life.We also double down on the importance of hiring people who will make your life easier, not just for your sake, but for theirs as well. Plus, Benjamin shares one of the most important hires you can make that will help you clear hundreds of hours off your calendar.This episode isn’t just about why you should hire an employee. It’s about how you designate your time, and ultimately your life. As Benjamin says “Your future self is more important than your present self”, and for good reason!In This Episode We Cover:Why willpower doesn’t work in the way many people think it doesWhy situations are often more powerful than peopleHow to remove “decision fatigue” and stop it from plaguing your lifeHow to find the right “who” for your organization and lifeDefining your crystal clear criteria for your future self and the roles of othersHow to be the right “who” for someone else’s “how”Applying behaviors so your identity can followFocusing more on getting your “$10,000 tasks” doneAnd So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeBenjamin's book: Willpower Doesn't WorkClick here to check the full show notes: https://www.biggerpockets.com/show425

424: Make More Money, Build Your Portfolio, and Get Greater Tax Deductions in 2021 with J Scott, Amanda Han, & Matt MacFarland

BiggerPockets Real Estate Podcast

• 690 views
• over 3 years ago
• 01:44:30

We have a real estate and investing mastermind session in this episode of the BiggerPockets Real Estate podcast! J Scott, Amanda Han, & Matt MacFarland join David and Brandon to discuss what investors should do to maximize their wealth (and opportunities) in 2021.Co-host David Greene goes over his new book SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business, talking through who should (and shouldn’t) be an agent, what makes a great agent, how agents can maximize their income, and more!J Scott talks heavily about how the election, stimulus packages, and new (proposed) tax codes could hurt (or help) real estate agents, and what you can do to ward off higher tax plans, loss of rent, or even inflation.Amanda and Matt are our tax professionals on the show! They dive into which upcoming 2021 tax codes could affect you, whether you’re an agent, a real estate investor, or just a W2 worker!This is a fantastic episode for any listener who wants to know more about how 2021 may shape our economic future. Thankfully, we have some of the best guests in the world to tell you about it!In This Episode We Cover:Who should and shouldn’t become a real estate agentHow to offset earned income tax with real estate investmentsWhy you should buy David’s new book SOLD: Every Real Estate Agent’s Guide to Building a Profitable BusinessThe new opportunity of buying businesses in 2021How to hire your best workers (and why you may need to let some go)How 2020 taught us to keep our businesses leanWhat to do if 1031 exchanges go awayHow inflation may affect your wealth over the next 1-5 yearsWhy debt is a great inflation hedgeAnd SO much more!Links from the ShowBiggerPockets ForumsDavid's InstagramBrandon's InstagramBiggerPockets PodcastBiggerPockets Bookstore 20% off code: podcastBiggerPockets Business Podcast 20: The Questions You MUST Ask Every Potential Hire with David GreeneBiggerPockets Business Podcast 18: How to “Have It All” by Living with Intention with Brandon TurnerBiggerPockets Business PodcastBiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian MurrayBiggerPockets New Books!BiggerPockets Podcast 319: Avoid These Common Newbie Mistakes! Hard-Earned Lessons from Nathan BrooksPaying Off Student Loan Debt with a Median Income and Two Kids in Northern California with Kyle RenkeBring Brandon a DealBiggerPockets WebinarsBiggerPockets Facebook PageCheck the full show notes here: http://biggerpockets.com/show424

420: Finding the “Sweet Spot” in Multifamily: Scaling to 150+ Units with David Grabiner

BiggerPockets Real Estate Podcast

• 750 views
• over 3 years ago
• 01:18:58

David Grabiner takes the term “long distance investor” to the extreme. While he was a hospital administrator in the Democratic Republic of Congo, he was calling real estate agents in Chattanooga, Tennessee trying to scoop up multifamily deals.David started out by partnering up with his father, buying a quadplex that helped him get his initial training in property management. He later scaled up his and his father’s investment portfolio to 24 units, and then, within 3 years, scaled up his own investments to 150+ units!This meant that David had to quit his job and go full-time into real estate investing. He did it, and he isn’t looking back! Now David is a deal-finding machine, buying directly from listing agents and becoming one of the go-to multifamily investors in Chattanooga.Whether you own one single family home, a dozen duplexes, or hundreds of apartment complexes, you’ll take something away from David’s in depth discussion on property management, landlording, and tenant screening.In This Episode We Cover:Finding your “unfair advantage” and how it can help your investing careerApproaching different investors with different points of viewThe importance of networking for off-market dealsWhy you shouldn’t be scared to be “the owner”, and actually use it to market yourself to othersHow to find, screen, and keep tenants in placeHow you can quickly increase a property’s value (simply by being a great property manager)Finding the “sweet spot” in multi-family dealsSetting up systems for automated property management (so you can scale!)And SO much more!Links from the ShowBiggerPockets ForumsDavid's InstagramBrandon's InstagramBiggerPockets PodcastBuildiumCollegedale Credit UnionBiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy PapasanBiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris VossRent ManagerCheck the full show notes here: https://www.biggerpockets.com/show420

418: 14 Deals in 16 Months: How Alex Camacho Found his Mastery in Deal Finding

BiggerPockets Real Estate Podcast

• 800 views
• over 3 years ago
• 01:06:54

Alex Camacho has had quite an interesting career path, and he’s just getting started! From a bank teller, to the mortgage business, to property management, and even Airbnb arbitraging, Alex took his time in acquiring the skills to succeed in real estate.In this episode, you’ll hear Alex talk about how he became successful at locking down deals, finding the “pain points” of sellers, and how to have empathy when closing. You’ll also hear how he analyzed over 5,000+ deals, leading him at one point to close on 8 deals in one month (seriously!)You’ll hear Alex go through his off and on-market strategies, and how to steer clear of deals that won’t make the cut. In just 16 months on his own, he’s done 14 deals, some with six-figure profits (each), and how he’s using social media to get even more!In This Episode We Cover:The importance of apprenticeships in real estateThe art of saying “no” as you grow into your roleWhy it’s crucial to surround yourself with high-level investors and entrepreneursHow to get great at analyzing deals, so you can close on the best ones!Using the “LAPS” funnel to drive leads and grow your portfolioFinding the “pain points” sellers have, and how to empathize with themUsing social media as a tool, instead of a distractionAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Keyword AlertsBiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert GreeneBiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl YarberBiggerPockets WebinarsBiggerPockets CalculatorsBiggerPockets ProBiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany ArnasonBiggerPockets Podcast 292: 200+ Deals in the First Four Years with Ryan PinedaCheck full show notes here: http://biggerpockets.com/show418

416: 29-Year Old Making Nearly $1M in Passive Real Estate Income (3 Years In!) with Matt Onofrio

BiggerPockets Real Estate Podcast

• 1.5K views
• over 3 years ago
• 01:07:12

Many investors look at commercial real estate as a high-risk, confusing, and sometimes scary way to invest. Our guest today shows us why this isn’t the case. In fact, he did a multi-million dollar deal in his first year in real estate!Minnesota-based health care professional Matt Onofrio helps us break down the stigma behind big commercial deals. From financing, taxes, mentorships, and more, Matt shows how someone from a completely different field can thrive in real estate... even with no prior knowledge of the space.You may want to bring a notepad and pen, as Matt walks us through advanced strategies such as reverse 1031 exchanges, seller carrying, cost segregations, and triple net leases. Whether you’re looking into commercial or residential real estate, this is a can’t-miss episode.In This Episode We Cover:Locking up your first deal with $0 How commercial real estate can not only be profitable, but safer than residentialThe importance of your inner investor/mentor circleWhether residential or commercial real estate works for your mindsetOffensive vs. Defensive real estate strategiesCreating income producing debtBuilding your “vivid vision”How coaching can take you from good to great What spirit animal David, Brandon, and Matt areAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason DreesBiggerPockets Podcast 209: Flipping 83 Homes in the Last 18 Months with Kevin CarrollGoBundanceBiggerPockets Podcast 352: No Driver’s License, No Money, No Excuses: How Diego Corzo Blazed a Trail to 18 DoorsBiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal ElrodCheck the full show notes here: http://biggerpockets.com/show416

408: Full-Time Income on a Part-Time Schedule with Emma Powell

BiggerPockets Real Estate Podcast

• 820 views
• over 3 years ago
• 01:19:50

Ever wonder how your family would manage if you or your spouse lost your job? Emma Powell faced that reality head-on. She knew she needed "full-time income" while continuing to spend time with her family... and she knew real estate investing would be the vehicle to get her there.Today Emma shares her journey from part-time photographer to multifamily dealmaker – how she got in the game by joining a REIA and immediately loaning money to an experienced investor (we discuss the right and wrong way to do this); her #1 piece of advice when meeting with a potential mentor; and her foray into the world of lease option ("rent to own") deals.Plus – Emma shares her perspective on how to choose a niche that suits your strengths (wholesaling wasn't for her; syndication and bigger commercial deals were a better fit).This is an inspiring story of someone who experienced a financial wake-up call, and went from total rookie to syndicator in just a few years... all while homeschooling 6 kids. Enjoy this one, and we'll see you again on Sunday!In This Episode We Cover:Emma's reaction to her husband being laid off from his tech jobWhat a Real Estate Investor Association (REIA) Meeting isHow she's found nearly all her deals by simply networkingDue diligence when loaning money to an investorWhat lease options areWhat a "due on sale" clause isClosing a great deal after a seller was burned by wholesalersHer passive income goals for the futureAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets PodcastBiggerPocketsReal Estate Investment AssociationThe Real Estate Syndication Show5 Hour School WeekBiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron AmuchasteguiBiggerPockets BlogsBiggerPockets WebinarsCheck the full show notes here: https://www.biggerpockets.com/show408

406: 51 Units and $900/Month in Pure Cashflow on a “BRRRRnB” with Shelby Osborne

BiggerPockets Real Estate Podcast

• 740 views
• over 3 years ago
• 01:11:35

"Systems, People, and Positive Vibes" are what powers Shelby Osborne's business, and today she breaks down exactly how she's used those 3 forces to go from 0 to 51 units in just a few years.Shelby shares how she boils everything down into checklists and automated reminders, so she can focus more energy on revenue-generating activities. Plus, she shares a combination word that's right up there with "liger," "bromance," and "Bollywood": the "BRRRR-nB." In her Deal Deep Dive, she reveals how she picked up a foreclosure property, transformed it into an Airbnb to generate big-time cashflow, and expects to pull all her money out so she can do it again and again!A former U.S. Army captain, Shelby is a serious go-getter and you won't help but be energized by her "no excuses" approach to life – colorful language and all ;) Oh, and before you leave this page be sure to check out her checklist for startup your own real estate meetup below! (If you can't see it on your phone, head over to biggerpockets.com/show406.)In This Episode We Cover:How Shelby transitioned from Army life to real estate agent and investor lifeHow she finances her deals with a combination of bank loans, hard money, private money and lines of creditThe details of her ongoing "BRRRnB" dealHow she saves time by using email templates and automated follow-up sequencesHow to set up your business to run on autopilot so you don't have to rely on your (unreliable) brainBuilding a community to attract talented people with positive attitudesAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets PodcastBiggerPockets Wealth MagazineBiggerPockets InsightsMyers & Briggs TestThe DISC ProfileOpen Door CapitalFind Real Estate AgentsPints and Properties MeetupBiggerPockets Podcast 396: Post-COVID-19 Investing and Landing Great Deals at Auctions with David Osborn and Aaron AmuchasteguiAirBnbThe Incredible Power of Long-Distance BRRRR Investing with Alex FeliceCheck the full show notes here: http://biggerpockets.com/show406

405: Investing in the Only True Recession-Proof Asset: Yourself! with Lewis Howes

BiggerPockets Real Estate Podcast

• 750 views
• over 3 years ago
• 01:26:18

Do you have fears and insecurities that hold you back from the life you envision? No? OK, well we'll see you next week... But really: this topic gets to the heart of why so many real estate investors quit, fail, or never even get started at all.Today's guest, Lewis Howes, has been studying these concepts for the past 13 years as host of the hit podcast School of Greatness. It all started as an effort to climb out of a major low point in Lewis' life, when he was broke and sleeping on his sister's couch... having crashed out of a brief arena football career.In this episode, you'll learn how Lewis learned to hack his self-limiting beliefs by systematically putting himself in situations (Toastmasters, salsa dancing, public speaking) that utterly terrified him. And he shares some practical exercises you can do to achieve greater confidence and self-mastery.Plus -- as a LinkedIn expert with a far-reaching network of connections, Lewis also opens up about how to effectively network on social media and elsewhere.Don't miss this weekend episode of the BiggerPockets Real Estate Podcast, and give Lewis a shout on social media you take him up on his challenge to write a mission statement for your life!As always: if you're enjoying these shows, the best way to show your appreciation is to rate and review us on Apple Podcasts. It really helps us out!In This Episode We Cover:Climbing out of a hole when he had no money and no marketable skillsOvercoming fear of public speakingTwo practical exercises to confront your biggest fearsThe clarifying power of writing a personal mission statementThe LinkedIn message formula Lewis used when reaching out to powerful peopleChoosing a niche, then a sub-nicheThe 3 magic words that multiply your chances of getting a deal or upgradeThe one common trait shared by all the top performers he's interviewedAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets PodcastUSA Men’s National TeamEllen’s ShowThe Today’s ShowLinkedInRookie of the YearLewis's Interview on Jay Shetty's Show On PurposeDave RamseyGrant Cardone on Multifamily Investing and Why You Should Never Buy a House!BiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason DreesSweet Martha's Cookie JarKevin Hart on His Secrets to Success and Building an EmpireMonday.comRob BellReal Estate in Your TwentiesBiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal ElrodBiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of MentorsGary Vaynerchuk on Finding Deals Through Social Media & Crushing It as an EntrepreneurClick here to check the full show notes: https://www.biggerpockets.com/show405

404: How a Mailman Was Able to Quit His Job Through Real Estate Investing with George Gipson

BiggerPockets Real Estate Podcast

• 750 views
• over 3 years ago
• 01:09:26

We frequently talk about networking as a real estate investor: for example, talk to your mail carrier because they likely have seen opportunities in your neighborhood. But what if you are the mail carrier?Today’s guest, George Gipson, worked for the USPS when he started investing, which seems like the perfect opportunity for finding deals. But as with any start in real estate investing, it isn’t always as easy as it seems.In today’s episode, we talk about taking action and committing to yourself - to ensure that those key opportunities actually work in your favor. We also talk about how important it is to learn your personal finances before diving into investing, plus how George used house hacking and short-term renting to reach financial freedom at an early stage of his investing. He’s even quit his job at USPS now so he can focus full-time on real estate. This is a real story about getting it done and seeing your own potential.In This Episode We Cover:Investing that doesn’t meet your standard rules of thumbOvercoming issues that might be deal-breakers for other investorsLiving for free through house hacking and short-term rentingSetting up your short-term rentals for successUtilizing your network to find dealsPushing through your commitment to yourself, even when it isn’t easyFinding the path in life that’s right for youAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets PodcastBiggerPockets MarketplaceRealtorZillowTruliaBiggerPockets Podcast 393: Campus Maintenance Man to $10M in Real Estate Owned with Rick JarmanBiggerPockets ShirtCheck the full show notes here: http://biggerpockets.com/show404