455: Mixtapes to Millions in Real Estate with DJ Envy and Cesar Pina
BiggerPockets Real Estate Podcast
- 1.9K views
- about 3 years ago
- 01:07:15
You’ve probably heard of The Breakfast Club, the morning radio show in over 90 markets that covers everything from hip hop culture, to celebrity gossip, to politics and more. If you've listened, you may recognize DJ Envy’s voice. He’s here today with his partner Cesar Pina, to talk real estate, seminars, and business.DJ Envy grew up in Queens, New York, and was neighbors with a successful DJ. After he heard how much money DJs were making in the city, he decided to start DJ-ing himself, and began releasing mixtapes. As his success grew, he started working for a radio station and landed a morning show, which later became known as The Breakfast Club.After buying his first house and later selling it due to a long commute, Envy walked away with around $80,000. He was hooked, and knew that real estate was a long-term way for him to build his wealth and create success for him and his family. He started out buying a house every year and selling it a year later, then bought some homes in Detroit for $15,000 that sold for over $260,000! Envy wanted to get more into real estate, so he was introduced to Cesar.Cesar was serving time in prison when he first learnt about real estate investing. Once he was released, he decided to jump in. He bought single family homes, then small multifamily homes, then went on to commercial buildings. Now, heowns more than 1,600 units and flips anywhere from 60 to 80 houses per year! His new book, Flipping Keys, comes out later this month.Cesar and Envy became an unstoppable duo, and now they're teaching others how they too can buy rentals and flip houses. They see this as a way to serve their community and let those who may be unaware of real estate investing have a chance at success and financial freedom.In This Episode We Cover:How DJ Envy started buying and flipping homes Buying homes under market value to make high profitsWhy house hacking is the best way to get started in real estateBuying in Detroit during the early days of the recession How to use other people’s money (OPM) to fund your dealsWhy most real estate seminars take more than they give to attendeesAnd So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeBrandon's InstagramDavid's InstagramGrant Cardone on Multifamily Investing and Why You Should Never Buy a House!Click here to check the full show notes: https://www.biggerpockets.com/show455
454: Retiring in 2 years Through “Aggressive” Rental Property Investing with Rachel Richards
BiggerPockets Real Estate Podcast
- 1.1K views
- about 3 years ago
- 01:03:59
Retiring via passive income is why most people get into real estate, but rarely does someone accomplish that goal within just two years! Rachel Richards, real estate investor, agent, and author of Money Honey shares her story of aggressive real estate acquisition. All purchased, by the way, with at least 20% down!While her friends in high school may have been reading for fun, Rachel was reading Rich Dad Poor Dad and trying to find the best way to become financially free. After she graduated from college she took jobs where she felt underappreciated and at some points, humiliated. She realized that this was not the path she would go down, and started investing shortly after in 2017. By 2018, Rachel and her husband had acquired 38 doors. Yes, you heard that right, 38 doors in under two years!These rental properties allowed Rachel and her husband to retire, as they were making six-figure incomes solely from their properties alone. This didn’t mean two years in she was still a rookie. Far from it actually. Rachel had to systematize her rental properties as much as she could within those two years so she could manage them long distance without having huge headaches along the way.Rachel shares some interesting stories, from turning a duplex into a short-term boarding home, to catching her property managers stealing over $6,000 from her. She’s learnt a lot and put her knowledge into her books Money Honey and Passive Income, Aggressive Retirement, both of which may help you get to where she’s at now!In This Episode We Cover:Understanding how important financial independence is to your lifeDismissing limiting beliefs that you can’t or shouldn’t do somethingSeller concessions and how you can use them to get more money at closing Why being too frugal may lead you to lose more money in the long runSystematizing your long distance real estate investingAnd SO much more!Links from the ShowBiggerPockets ForumsBe a guest to the podcastCutco CutleryBiggerPockets Podcast 416: 29-Year Old Making Nearly $1M in Passive Real Estate Income (3 Years In!) with Matt OnofrioBiggerPockets Podcast 418: 14 Deals in 16 Months: How Alex Camacho Found his Mastery in Deal FindingBiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany ArnasonBiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl YarberCheck the full show notes here: http://biggerpockets.com/show454
452: Landing Incredible Deals Using This “Scary” Technique with Steve Trang
BiggerPockets Real Estate Podcast
- 1.2K views
- about 3 years ago
- 01:06:32
Steve Trang is all over social media, he runs a real estate brokerage, a sales training business, and a title company, but he didn’t start out as a real estate professional. Steve was actually an engineer at Intel before he made the leap to become an agent. As luck would have it, Steve got in right as the market was about to tank in 2007/2008. Did this stop him from finding success? Of course not!Steve was interested in real estate, and after finding out what agents did for a living, he knew he needed to make a career switch. He left his corporate job and headed into real estate, trying to get any leads he could as an agent. His prior employer, Intel, told him that he was welcomed back if he ever needed a job, but when he tried to come back a couple years later, they didn’t have a position available for him. He knew the bridge was burnt, and it was time for him to go full throttle on real estate.Now, a decade or so later, Steve is teaching his tips and tricks to aspiring agents, wholesalers, and de al finders alike. He has a very specific hiring process, and will only start to evaluate a candidate that fits into his time-tested requirements. This helps him weed out potential employees and keep only the serious ones around.Steve gives some pointers on the best cold calling tips, the common mistakes that newbies make, and how to mitigate rejection when a cold call goes sour. If you’re afraid to cold call or afraid of being rejected in general during real estate prospecting, Steve talks through how he uses rejection to hit the successful metrics he needs!In This Episode We Cover:What type of person should be a real estate agent?Knowing that real estate is a long-term success game, not an overnight winUsing PPC (pay per click), direct mail, and cold calling to get leadsHow to hire employees that want success, not just a paycheckHaving regular, but efficient meetings with your teamThe top cold calling tips for those who are prospectingWhat to do if you’re afraid to cold call (or afraid of being rejected)And SO much more!Links from the ShowBiggerPockets ForumsIntelWells FargoBiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan SullivanJotFormBiggerPockets LAPS FunnelPropstreamBatch LeadsSkipFastGrant CardoneBiggerPockets PublishingCheck the full show notes here: biggerpockets.com/show452
451: Stop Chasing the “False Summit”: Have Better Relationships and Results with Michael Hyatt
BiggerPockets Real Estate Podcast
- 1.2K views
- about 3 years ago
- 01:12:42
Does it ever seem like working overtime is a competition? We often see people bragging about how they work 60 hour weeks, work on weekends, or spend the most time at the office or in front of their computer. Does this constant overworking actually accomplish something or is it more of a chest-beating competition?Michael Hyatt argues that working crazy hours rarely does anything for our productivity, and if anything, can make our work sluggish and dull. He should know, in the beginning of the COVID-19 pandemic as teams were working more than ever from home, Michael decided to do the opposite. Michael lowered his (and his team’s) working hours from 40 hours a week, to 30 hours a week. The result? A profit increase of nearly 100% and company-wide productivity boost.Not only does your work quality benefit, but so do your relationships, your health, and your outlook on life when you are off of the “grind mode”. Michael believes this so much that he wrote a book about it. Win at Work and Succeed at Lifegoes through what Michael calls the “double win”: winning at life and work, with no tradeoffs!Michael lists a handful of ways you can instantly improve your work/life balance. Tips on sleep, nutrition, and getting your “daily big 3” done so you can accomplish goals that matter, instead of just being productive. If you ever feel like a workaholic, these tips will help you align back to a productive yet enjoyable schedule.In This Episode We Cover:Fighting the “cult of overwork” especially when working becomes a bragging rightHow to keep your business running at full speed while having time for your familyThe importance of putting up “hard boundaries” so your day can be respectedIdentifying the “big 3” tasks that you need to get done everydayHow to implement “double wins” in your lifeKnowing which work is important and which work can be put on holdAnd So Much More! Links from the ShowBiggerPockets PodcastBiggerPockets book storeBrandon's InstagramDavid's InstagramBiggerPockets Podcast 363: How to Work (Way) Less but Accomplish (Way) More in 2020 with Michael HyattClick here to check the full show notes: https://www.biggerpockets.com/show451
450: How Your First Time Home Buying Decision Affects Long-Term Wealth with Scott and Mindy
BiggerPockets Real Estate Podcast
- 950 views
- about 3 years ago
- 01:10:49
First-time home buyer? At some point, all of us were. How do you make sure you’re getting a great deal, how should you pay for it, and what can you do to make sure it’s a purchase that will help you grow your wealth. In today’s episode, you’ll hear from Scott Trench and Mindy Jensen, hosts of the BiggerPockets Money Show. Their new book, First-Time Home Buyer, shows how to buy your first property in a way that sets you up for long-term success.Most people see their primary home as an investment, but that isn’t usually the truth. Housing is a cost, and like many costs in life, we should try to minimize it when we can. Having a lower housing cost can allow you to invest more of your money, build up safety reserves for repairs, and have the financial bandwidth to live with less stress. Scott and Mindy debate cash flow vs appreciation, how much you should put down on your home, and what kind of liquidity position you need to be in to find success in your purchase and future endeavors. Even if you’re not looking to build a rental empire, this is a fantastic book for anyone who is looking into buying for the first time. Don’t know about equity, title insurance, or other real estate terms? No problem! First-Time Home Buyer has you covered. In This Episode We Cover:What will 2021 hold for real estate investors and first-time home buyersIs appreciation or cash flow a better metric to measureHow to have a primary residence that sets you up for long term wealth The 5 steps to finding a great deal on a primary residence Looking at the market even when you’re not ready to buyWhat people get wrong when they buy a homeAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets MoneyBiggerPockets Money Podcast 165: How ‘Finance Ninja” Daniel J. Mills Started at $30k a Year and Grew a US Rental Empire from JapanCheck the full show notes here: http://biggerpockets.com/show450
449: How Emails Are Constantly Destroying Your Productivity with Cal Newport
BiggerPockets Real Estate Podcast
- 1.3K views
- about 3 years ago
- 01:14:48
We’ve known for a long time that humans aren’t great at multitasking. Once distracted, our brains find it hard to let go of the new information we’ve just learnt or seen. This is why the constant onslaught of emails, messages, texts, and phone calls could be killing our productivity and creativity. Cal Newport, author of A World Without Email, has seen this first hand.Cal discusses something he likes to call “Hyperactive Hivemind Workflow”, which is essentially what happens to our brains when we’re constantly being nudged by electronic messages. When you’ve got your head down and are working hard on an important project, just a simple glance at an email can spin everything out of whack.Here’s the thing, this is happening to all of us, all the time. We are constantly monitoring our emails and messages, and by the mid afternoon, we’re out of energy. We’ve exhausted all of our cognitive resources. But isn’t it productive to check emails and respond to them quickly throughout the day? This is what Cal refers to as the “fool’s gold of busyness”.Luckily, there are some ways to get us into a more productive state, without having a barrage of emails in our inbox. Cal talks about efficient meetings, Kanban boards, restricting ad hoc communication, having office hours, and being intentional with your time and attention. While these small email responses may seem like just a minute here or a minute there, they actually eat up a huge part of our work life.In This Episode We Cover:Why we need to limit our intake of email, messages, and other communication throughout the dayGetting your team to be less ad hoc about communication and more intentionalHaving a “process and procedure first” mindset when starting a businessUnderstanding what the “vital tasks” are in your businessKnowing your cognizant footprint and having intentional attentionAnd So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeBrandon's InstagramDavid's InstagramBiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal NewportClick here to check the full show notes: https://www.biggerpockets.com/show449
448: The Lazy Person’s Guide to Financial Freedom in Less Than 10 Years with Dion Mcneeley
BiggerPockets Real Estate Podcast
- 960 views
- about 3 years ago
- 01:05:11
Busy people tend to be...busy, and often, real estate investing is one of the things that they “just don’t have time for”. If you feel that way, listen to today’s guest, Dion Mcneeley as he describes his own system for buying real estate the “lazy” way. Dion was a police officer and a truck driving instructor, taking care of his kids as a single parent, and struggling to get ahead. He went from $89,000 in debt to becoming debt free and financially free, thanks to the help of rental properties, in just 10 years. After buying his primary home, Dion heard of success in owning rental properties, so he decided to move out of his house and into an apartment to see if he fit as a landlord. He rented the house to his friend, who later moved out without notifying him. Dion tried to make landlording work with another tenant, but ended up being underwater on the house payments. This is when he found BiggerPockets and read Rich Dad Poor Dad. What was Dion’s mistake? He wasn’t running his rental properties like a business. After upgrading his processes, he went on to buy and house hack a duplex. Then he bought another duplex as an investment, and another one, then another house hack duplex. Within just 6 years, he had 7 units and was raking in $2,700 a month in pure cash flow!Dion talks about the mistakes he made, why he prefers side-by-side duplexes, how he’s located his properties for maximum asset protection, and goes into his amazing strategy for getting tenants to sign longer leases and raise their own rents. You can check out Dion’s Youtube channel or find him on the Real Estate Rookie Facebook Group!In This Episode We Cover:Why being lazy can be a benefit when building systems for real estateHow to use your job and your rentals to achieve a 100% savings rateThe benefit of side-by-side duplexes as opposed to two-story duplexesMaking sure that your procedures are easy so they can be repeatable Getting tenants on longer leases and higher rents with the “Binder Strategy”Spacing out rentals so you have a large pool of tenants to choose fromAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 276: Early Retirement ($10k/Month) by Age 35 with Bryce StewartBiggerPockets Podcast 443: 10 Ways to Learn Anything Faster with Jim KwikBiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe AsamoahBiggerPockets Money PodcastBiggerPockets Business PodcastBiggerPockets RookieRookie Podcast 51: 18 Deals in 2 Years AND a Full Time Job with Kevin ChristensenCDS Rental Calculator AppBiggerPockets Rental CalculatorZillowTruliaWells FargoGuild MortgageBiggerPockets Facebook GroupCheck the full show notes here: http://biggerpockets.com/show448
446: Pivoting the Goal and Swapping Doors for Cashflow with Kyle and Lauren Clugston
BiggerPockets Real Estate Podcast
- 840 views
- about 3 years ago
- 01:04:14
Have you ever had analysis paralysis? Maybe you have it right now and that’s why you’re listening to this episode! Kyle and Lauren Clugston would call that “productive procrastination”, and the only way to get out of it is to move forward! They should know, it took them over 3 years before they made their first move in real estate investing! In college Lauren stumbled upon Brandon’s old blog about real estate investing. As she read, she gained more confidence in the craft, and knew that real estate was what she wanted to do with her money. She then started trying to convince her partner, Kyle, that real estate investing was the way to go. As someone without an investing background, Kyle was hesitant, but took a leap of faith which paid off!Now they're BRRRR-ing their way through New Jersey, with single family and multifamily properties throughout the state. Lauren and Kyle had to learn a lot before they became the real estate success stories they are now. Things like doing inspections, estimating rehab costs, getting financing, setting up systems and procedures, and getting legal documents prepared were at one point a great challenge to Lauren and Kyle. Now, they’ve got them down!Lauren and Kyle lay out everything they wish their former selves had known, and go through the things that early real estate investors should worry about, and the things they definitely shouldn’t lose sleep over. This advice could save months, weeks, or hours off of your deal analyses and might be just the thing you need to get out of analysis paralysis! In This Episode We Cover:Why house hacking is such a great strategy for new investorsFocusing on the right metrics, whether it be cashflow or unitsDefining your specific roles as partners and investors The importance of weekly meetings with your teamSetting up your real estate to run like a business, not just a hobbyHow to put together an “invest with us” packet for private lendersAnd SO much more!Links from the ShowBiggerPockets ForumsGrant CardoneBiggerPockets Youtube ChannelBrandon's Old BlogBiggerPockets WebinarsBiggerPockets Rehab Estimator CalculatorBiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl YarberBathroom Example (file)Check the full show notes here: http://biggerpockets.com/show446
445: When to Quit Your Job and Pursue Your Dreams with Rapper Manafest
BiggerPockets Real Estate Podcast
- 830 views
- about 3 years ago
- 01:19:47
The BiggerPockets podcast has quite a diverse group of guests that come on the show. We’ve had writers, speakers, businesspeople, and actors, but this may be the first rapper we’ve had with us. Chris Greenwood AKA Manafest is in the studio, and instead of recording beats, he’s recording the best lessons he’s learned through his music career, real estate investing, and online business.Chris started out like many of us, working a stable job for a large corporation. After years of doing music on the side while working his full time job, he decided to take the jump and make rapping and rocking his career. Chris is the first to admit that this may not have been the best financial decision, and staying on the job for a little while longer could have relieved him of a lot of headaches. That being said, Chris didn’t just survive, he actually thrived in the music scene.When Chris and his wife decided to move out of their condo to upgrade to a larger home, they brought up the idea of renting out the condo instead of selling. This opened Chris up to the world of real estate investing, and as he saw the checks start to come in, he realized that this was a money maker that could help bring in stable income, passively while he worked on his music.Now Chris owns various properties and mainly buys from turnkey companies. Brandon, David, and Chris all have their own opinions on turnkey real estate investing, but they all agree on one thing: for those that don’t have much time to be an active investor, it’s a great way to start or stack up rental properties.Aside from rentals and rapping, Chris developed his own online course to teach other musicians how to successfully market their music in an industry that has such a high barrier to entry. Chris talks through how he separated himself from all the other “course gurus” and how you too can serve as an authoritative figure in your own community with knowledge, experience, and perseverance.In This Episode We Cover:How Manafest got his start in music (and why he made the jump to full time)The struggles and benefits of working a full-time job and pursuing your dreamsRenting your primary residence instead of selling when you move outNot getting sucked into the “you’ll have to fix toilets” fear of real estate investing Turnkey rentals and why they may (or may not) work for your investing strategyHaving the drive to help people before you ask for money or a saleChris’s book From Red to BlackAnd So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeManafest WebsiteClick here to check the full show notes: https://www.biggerpockets.com/show445
444: 150 Deals at Age 22 by Putting Relationships Over Profit with Cole Ruud-Johnson
BiggerPockets Real Estate Podcast
- 980 views
- about 3 years ago
- 01:05:54
It seems like young real estate investors get more and more impressive every week. Today we talk with Cole Ruud-Johnson, a wholesaler and flipper out of the Seattle area. The impressive part? He’s 22 years old and has done 150+ deals to date! Even at 22, Cole’s journey wasn’t a linear path, he had lots of ups and downs to get him to the level of success he achieves now. Cole tried to be a real estate agent at 18, but wasn’t getting the hang of it. After failing at a couple of real estate brokerages, he entered into a third and learned how they were creating their own inventory via cold calling. He decided he’d give this a try, and partnered up with his friend to cold call for deals.After three months, an agent brought them their first off-market deal. This first deal alone netted them $105,000. Yes, you read that right, six-figures on ONE wholesale deal. This wasn’t enough for Cole, he knew he had to get back out there and work on getting his next deal.Cole’s small business grew to a small empire, but over time this pushed him into a massive burn out. He had to make some BIG changes in his business, many of which even business veterans wouldn’t be comfortable doing. Now he’s here with us on the podcast, talking through his lean team, his deals, his systems, and how new wholesalers can start getting deals. Cole even throws in the script he uses to get wholesale deals over the phone, so if you’re thinking about getting off-market deals or starting your wholesaling journey, this is the episode for you!In This Episode We Cover:How wholesaling and off-market deals can net big profitsWhy you need to be consistent when cold calling The script that Cole uses to get off-market and wholesale dealsHow to scale your business (and prevent massive burnout)Growing slowly to scale, instead of fast and crashingThe types of lists that Cole and his team pullKeeping the flow of communication open between you and your partnersTaking action instead of just taking in informationAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 443: 10 Ways to Learn Anything Faster with Jim KwikBiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason DreesBiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl YarberBiggerPockets Podcast 394: Making a 25 Deal/Year Business (and Marriage) Work… Together! with Elliot and Chrissy SmithBiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan SullivanCheck the full show notes here: http://biggerpockets.com/show444
443: 10 Ways to Learn Anything Faster with Jim Kwik
BiggerPockets Real Estate Podcast
- 880 views
- about 3 years ago
- 49:36
During childhood, Jim Kwik experienced a traumatic brain injury. As a result, he lacked focus in school, wasn’t able to read properly, and at one point, a teacher told him that he had a “broken brain”. So how did a kid with a “broken brain” become the leading mental coach for athletes, CEOs, and movie stars? Simple: Jim looked into how to learn instead of what to learn. Soon enough, Jim was reading faster, memorizing with higher accuracy, and doing well in school.His friends asked him for some tips so they could improve their grades as well. With some success in his inner circle, he decided to make a flyer for speed reading and memory improvement classes. He put up the flyer at his college hoping one or two people would show up to his impromptu class. Over 100 students showed up, of which 71 signed up for a full course with Jim. After that, Jim knew it was his life mission to help those who wanted to learn, memorize, and live better.So why is it so hard for some people to memorize things? We forget details all the time, whether it be names, addresses, phone numbers, or other important information. Jim goes through a simple method to memorizing any piece of information, called the M.O.M system. He also outlines 10 tips for a limitless brain, many of which you can implement soon after you finish this episode!Even something as simple as reading slightly faster can allow you to save weeks worth of time each year. So if you’ve been beating yourself up over forgetting that one seller’s name, check out Jim Kwik’s podcast and his new book Limitless. As Jim puts it, increasing your memory and reading power not only adds years to your life, but life to your years!In This Episode We Cover:How Jim recovered from a traumatic brain injury as a childWhy school teaches us what to learn, but not how to learnIncreasing your reading speed so you can finish tasks fasterHow to remember important things like names, addresses, and phone numbersThe 3 keys to a better memoryThe 10 tips for a limitless brain (including diet, exercise, and learning)How to learn anything faster (no matter what it is!)And SO Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeJim Kwik’s podcastLimitless by Jim KwikClick here to check the full show notes: https://www.biggerpockets.com/show443
442: Taking "Bite-Sized Steps" to Go from Broke to $20,000/Month with Bryce Stewart
BiggerPockets Real Estate Podcast
- 960 views
- about 3 years ago
- 01:09:11
Hearing Bryce Stewart’s story may sound familiar to long-time BiggerPockets Podcast listeners. That’s because Bryce was on Episode 276 where he gave the great metaphor “vacuuming out the truck” relating to real estate investments.Bryce is back to talk about being a great mentor/mentee, what every contractor needs before working on a rental, how to go from active to passive real estate ownership, and his new book House-Hacker’s Guide To The Galaxy.Bryce understands what it’s like to be a new investor. Every step seems hard, the end result seems almost impossible, so where do you even start? Simply, take a step forward, no matter how small it is. Even just starting to save a few hundred bucks a month can be your first step towards becoming a real estate investor.As time goes on, these small steps become giant leaps, and what seemed impossible at first, can now be doubled since you have the know-how. Bryce takes us back to a time where he didn’t know how to get his property taxes lowered, but through very incremental steps was able to make a case and save himself thousands of dollars in the long run.Looking for a mentor? Stick around to hear Bryce’s top piece of advice for any new real estate investor. This simple tactic can help beginner investors know more about what they’re getting into and also show the mentor they’re serious about their new interest.In This Episode We Cover:Why small steps can lead to massive leaps in real estate investingHow to go from an active to a passive investorWhy newbies should know what collateral is and how it affects their loansWhat every contractor needs to have before they work with BryceA specialized and creative new BRRRR strategyWhat you can do to get your foot in the door as a real estate investorAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets Podcast 276: Early Retirement ($10k/Month) by Age 35 with Bryce StewartBiggerPockets WebinarsDocusignDotloopM1 MastermindYNABZillowThe Crown (Netflix)Young LifeCheck the full show notes here: http://biggerpockets.com/show442
441: House Hacking as an NFL Player? How Former Tight End Hakeem Valles Grew His Real Estate Portfolio
BiggerPockets Real Estate Podcast
- 840 views
- about 3 years ago
- 01:19:40
When most people think of professional athletes, they usually think of superstars being paid millions every month (or even every week). Most people don’t come to realize that for everyone on an NFL team, that pay grade isn’t as high. That too, is what Hakeem Valles found out after being signed on by the Cardinals.Hakeem wasn’t making a lot, and realized that he was essentially throwing away $2,000 a month on rent. After one season with the team, he decided to go on BiggerPockets and ask around for agents and leads in the area. Hakeem ended up with a LOT of responses and found a great agent who helped him close on a fourplex, which he house hacked while practicing with the team.It’s hard enough to house hack when your tenants know you’re the owner, but it can be even harder when your tenants know you’re an NFL player. Hakeem’s advice: be a tenant of your own property and don’t let the other tenants know that you own the place. Doing this can help reduce some awkward encounters you may have.After retiring, Hakeem went on to do bigger real estate deals and partnered up on a 40 acre farm! He also owns Perspective Global Media, where he counsels other real estate professionals on how to grow their reach through social media platforms like TikTok and LinkedIn. Hakeem drops some gems towards the end of this episode on how you too can use TikTok to gain followers, clients, and partners!In This Episode We Cover:Why even professional athletes need to have multiple streams of incomeHow a shocking event in Hakeem’s life changed his outlook foreverFighting income creep and keeping expenses lowWhen renting does and doesn’t make sense for your financial situationThe biggest mistake Hakeem made when living in his fourplexHow to fight the fear of getting into real estate (and making mistakes)Using social media to leverage your personal brand and grow followers and clientsAnd So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeBooks Mentioned in this Show:Rental Property Investing by Brandon TurnerThe Go-Giver by Bob burgThe 1 Thing by Gary KellerClick here to check the full show notes: https://www.biggerpockets.com/show441
440: How a 25 Year Old Bought $1M of Real Estate in 1 Year with Daniel Iles
BiggerPockets Real Estate Podcast
- 870 views
- about 3 years ago
- 52:31
Believe it or not, TikTok isn’t just teenagers doing dances; there are actually some pretty influential investors on the platform. Meet Daniel Iles, a TikTok and Youtube creator who bought a staggering $1,000,000 in real estate during his first year of investing. Daniel was able to amass this serious sum of real estate while only putting $23,000 down. Now that’s impressive!Due to an aggressive goal of reading 60 books a year, Daniel picked up a book that many of our listeners have heard of, Investing in Real Estate with No (and Low) Money Down from our very own Brandon Turner. This unlocked the potential of investing in real estate for Daniel. He took advantage of FHA loans, using equity as down payments, and building his credit to get loans from small credit unions and banks.Daniel now owns 9 units and a combined valuation of almost $1,500,000, still with almost no money down. Daniel stresses that his success comes from systems. Whether it’s systems about credit cards, loans, tenant management, deal analyzing, or anything else related to real estate investing, systems are the key to keeping your sanity when things go wrong.He also has some tips for new investors trying to acquire a lot of real estate, in a small amount of time. Creating these systems for scaling will allow you to make smart decisions and invest in a way that doesn’t push you to burn out.In This Episode We Cover:Using TikTok as a creator, not a consumer, to connect with influential investorsHow Alaska real estate compares to continental United States real estateSecuring houses with low or no money downUsing equity in a house as the down paymentWhy small banks and credit unions may be more flexible when funding dealsWhat Daniel looks for in his rental propertiesTenant management systems for simpler investingAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreTikTokBiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok with Ryan PinedaZillowRealtorCraigslistTenantCloudTim FerrissCheck the full show notes here: http://biggerpockets.com/show440
439: How Are You Marketing Yourself? with BiggerPockets Producer Kevin Leahy
BiggerPockets Real Estate Podcast
- 850 views
- about 3 years ago
- 45:56
Last week’s show with Marie Forleo was so good that Brandon and David are back with a special guest, BiggerPockets’ senior producer Kevin Leahy, to unpack all the wisdom from the “figureoutable” show.Kevin learnt about Marie Forleo though his wife suggesting he take some of her advice when transitioning into his current position at BiggerPockets. A simple trick from Marie helped Kevin make some big decisions: see if your body expands or contracts when you think about two different options. This trick, along with her insight on writing your options down in order to take a step back from your situation, has helped Kevin make some hard decisions.If you listened to last week’s show, you’ll remember that Marie touched on how important marketing is in any industry. Whether you’re a real estate agent, a buy and hold investor, or a flipper, you have to be marketing to get clients, deals, and even employees. How are you differentiating yourself in the market, and what can you do to be “that guy” or “that girl” in your specific industry?You’ll also hear a special tip on how Kevin lost a deal to another buyer, and the exact tactic that the other buyer used to get the property under contract. Kevin goes through why this is such a great tactic for making sellers comfortable and how you can deploy it in your future deals as well.In This Episode We Cover:How to stop trying to force square pegs into round holesThe importance of taking a step back when assessing the situationHarnessing intense emotions to make a better game planWhy every business person NEEDS marketing in their industryHow to differentiate yourself within a marketStanding out to sellers to get more deals underwayAnd So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeBiggerPockets Podcast 437: How Your “Worst Case Scenario” Can Set You Free From a Job You Hate with Marie ForleoClick here to check the full show notes: https://www.biggerpockets.com/show439
438: The Ultimate Beginner’s Guide to Finding GREAT Deals in ANY Market with Anson Young
BiggerPockets Real Estate Podcast
- 860 views
- about 3 years ago
- 01:01:20
Anson Young’s voice may sound familiar to you, that’s because he’s been on the podcast four times! Every time he’s back we learn something new, and today, Anson is talking about how to find and fund great deals, regardless of your schedule, or budget. You don’t need to be a full-time real estate professional to find great deals, just be sure to follow Anson’s advice.If you haven’t heard Anson’s prior episodes, here’s a recap. Anson has touched on almost every aspect of real estate investing. He flips, he wholesales, and he sells houses as an agent, meaning he has a huge amount of knowledge to share to BiggerPockets listeners. On average, Anson is doing 12-15 flips a year, 10 wholesale deals a year, and a dozen or so sales a year as an agent.Anson has some great advice on finding off-market (and on-market) deals that include driving for dollars, door knocking, and list building. He also shares how to build a profitable list, what neighborhoods to look into for deals, and how to specify what type of home you’re trying to get depending on your goals.If you’ve been trying to get your foot in the door to real estate investing, Anson shares why many people have trouble at the start. It all comes down to consistency. If you’re new, it may be fun at first to start driving for dollars, but are you doing it consistently? Do you have an accountability partner that can hold you to a high standard to get the work done? Are you systematizing your leads or trying to juggle them all in your head?We also talk about Anson’s fantastic book Finding and Funding Great Deals, where you can find everything you need to find and fund your next real estate deal. We’re also happy to announce the BiggerPockets Book Club, where you can hear from Anson live and ask him questions about his deals, his book, and his portfolio!In This Episode We Cover:How to find profitable deals in hot markets Determining your goals and aligning them to your investor strategy What to do if you struggle with consistency in real estate investingHow to analyze not only your deals but your market as a wholeWhat to look for in niche lists when prospecting off-market dealsHiring out jobs to get your lead funnel filledHow to have your letter stand out when doing direct mail marketingAnd SO much more!Links from the ShowBiggerPockets ForumsDavid's InstagramBrandon's InstagramBiggerPockets Book ClubBiggerPockets Podcast 034: Virtual Real Estate Investing and How to Find Great Deals in a Hot Market with Anson YoungBiggerPockets Podcast 096: Finding Deals, Wholesaling and House Flipping in a Hot Market With Anson YoungBiggerPockets Podcast 235: How to Find and Fund Real Estate Deals with Anson YoungBiggerPockets Podcast 328: How to Laser-Focus on the Wildly Important With Author Chris McChesneyZillowRedfinOfficial BiggerPockets Facebook GroupWhitepagesBiggerPockets Podcast 012 : Wholesaling and Marketing with Sharon VornholtListSourceBiggerPockets Podcast 437: How Your “Worst Case Scenario” Can Set You Free From a Job You Hate with Marie ForleoBiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)Check the full show notes here: http://biggerpockets.com/show438
437: How Your “Worst Case Scenario” Can Set You Free From a Job You Hate with Marie Forleo
BiggerPockets Real Estate Podcast
- 860 views
- about 3 years ago
- 01:12:38
Marie Forleo, world class coach, marketer, and author, grew up with a mother that did everything. Whether it was retiling the bathroom, fixing a leak in the roof, or performing electrical engineering on small appliances, her mother seemed to be able to figure out almost anything. One day she told Marie “everything is figureoutable”, which became the mantra for her career.Fast forward a decade or so, Marie is working on the floor of the New York Stock Exchange, surrounded by the mega rich. She was stressed out and felt that she wasn’t in the right place. After a prayer and a cry, Marie knew she needed to get out from a job that was slowly killing her. She made the jump and went after coaching, without any experience, money, or clients.Before she left her job she asked herself, “what is the worst case scenario if I leave”. She calculated it out, wrote it down, and realized, the worst case scenario really wasn’t all that bad.Marie strongly believes that although you can be a victim of circumstances, you should never victimize yourself and tell yourself that you “can’t” do something. Everyone has the ability to reach their full potential, but once you start putting up excuses, it’s hard to get there.“Feel the fear”, that’s what Marie told herself in those trying times, and continues to tell herself and her clients that everyday. As she puts it “Fear is really trying to tell you to move towards something”. As real estate investors, this is something we can all relate to, but often don’t put into practice. Well, now's the time to!In This Episode We Cover:The 3 rules of “everything is figureoutable”The power of neuroscience and how you can use it to shape your behaviorHow would you behave if you were the best in the world at your job?Changing your limiting beliefs to reach something greaterKnowing when to leave a bad job and having a plan for the worst case scenarioFeeling the fear and running towards things that scare youPulling yourself out of the victim trap (even if you are a victim)And So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeEverything is Figureoutable WebsiteMarie's B SchoolClick here to check the full show notes: https://www.biggerpockets.com/show437
428: Using Simple Conversations to Get Deals Others Can’t with Investor Rodney Ross
BiggerPockets Real Estate Podcast
- 830 views
- over 3 years ago
- 01:05:49
Rodney Ross didn’t have the most gracious entrance to the real estate space. He bought a house while in college, with only $8,000 down and not a lot in the bank. The house ended up getting de-authorized for tenants to live in so Rodney had to go back on his loan. Game over right? Time to give up? Not for Rodney!While finishing college, Rodney decided to take it a bit slower, getting his real estate agent license so he could build up the capital to buy rentals. He’s been an agent, a wholesaler, a general contractor, and a buy and hold investor. If it’s happening in real estate, Rodney probably knows about it!Unlike many new (and even experienced) real estate investors, Rodney took the time to nurture leads, have meaningful conversations with sellers and buyers, and found that by having some basic empathy for the other party, you’re more likely to close deals.This strategy seemed to have worked, in a decade since his first deal, Rodney now has around 20 cash flowing units, and he’s looking for more! Using the 203k loan, Rodney has been able to get homes at a discount, finance the repairs, and get them rented and refinanced, kind of like a speciality BRRRR. This episode proves that if you care about real estate, care about your partners, and are willing to take risks, it will truly pay off.In This Episode We Cover:How to get back up after a frustrating investmentHow knowing about construction timelines and projects can help you get comfortable enough to do your first rehabWhy mixed use properties are often an overlooked real estate classThe importance of defining your role with your partnerHow to talk to buyers so they’ll choose you over other offersWhy it’s so important to look out for the other real estate parties in a dealAnd SO much more!Links from the ShowBiggerPockets ForumsDavid's InstagramBrandon's InstagramBiggerPockets PodcastBiggerPockets StoreKeller WilliamsWells FargoCheck the full show notes here: http://biggerpockets.com/show428
427: The 12 Week Year and The Danger of Long-Term Goal Setting with Brian Moran
BiggerPockets Real Estate Podcast
- 840 views
- over 3 years ago
- 01:04:29
We’re joined today by author, consultant, and entrepreneur Brian Moran, author of The 12 Week Year. Brian holds a view that many BiggerPockets listeners subscribe to: you are more capable than you think. Through short term sprints, Brian has found that we can all accomplish long-term goals, regardless of the difficulty.This isn’t just a strategy that works for real estate, this works in any industry. Brian has consulted with every kind of business, and the results speak for themselves. Regardless of job type, business type, or industry type, the 12 week yearhelps you accomplish more by doubling down on what you need to do most.Brian also talks about the danger of long term goal setting, and even annual goal setting. It isn’t that long term goal setting doesn’t work, it’s that it presents us with a long time frame to accomplish something we could do far quicker. That’s how the 12 week year kicks our “unproductive mindset” to the curb, and gets us fired up to do great things sooner.Many investors find it hard to break out of their comfort zone, do the things that they find hard, or even just feel motivated. The crucial part of finding success wherever you need it? Take action, start today, track, plan, and re-plan when needed. You’ll soon find that you’re fired up about things that used to seem scary!In This Episode We Cover:What the “12 Week Year” really isHow short term goal setting can help you accomplish your biggest goalsWhy you need to shift focus to executable tasks How to get tactical on your goals and what you can do to accomplish themLeaning into hard things and shying away from comfortThe importance of “vision work” and knowing where you’re headedHolding yourself accountable for what you want most in lifeHow repetition forms competence and competence forms confidenceAnd So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeReal Estate Investment CalculatorsBuy, Rehab, Rent, Refinance, Repeat by David GreeneThe House Hacking Strategy by Craig CurelopClick here to check the full show notes: https://www.biggerpockets.com/show427
426: Using the “Sunflower Method” To Buy 18 Properties in Just a Few Years with Teacher Jon Wooten
BiggerPockets Real Estate Podcast
- 920 views
- over 3 years ago
- 01:16:36
Many new investors find excuses for why they can’t buy properties. Either they don’t have the money, the deals, or the experience. Our guest today, Jon Wooten, had none of these three, but found a way to acquire 18 units (and become financially free) in only a few years.By asking questions and sticking out to the local real estate investors, Jon was able to acquire valuable experience, all while gaining equity in his rental properties. Jon has his own method for finding deals and acquiring wealth, called the “Sunflower Method”, which has helped him get to the point he is at.Now, financially free at 28, Jon has the ability to choose whether he wants to work, which projects to go after, and how he wants to spend his time. This isn’t a far away goal that only the rich and well connected can get to, it’s available for all real estate investors!You may be working a minimum wage job, stuck in a career you want out of, or have debt. Jon shows that all of these can’t stop you from acquiring wealth!How do you find houses? How do you find a mentor? What’s the best way to find a quality handyman? How can you make sure a house is being inspected properly. All these questions and more are answered in this episode!In This Episode We Cover:How to find a mentor AND get your first rentalWhy you should make it an effort to get to know your local real estate investors Why self-managing is a great way to gain experienceHow to get seller financing on a rental (and who to ask for it)Why you should call “for rent” signsWhat the “Sunflower Method” is and how it builds wealthThe best way to find a quality (and inexpensive) handyman Fake cash flow vs Pure cash flowHow to properly inspect a house before you make an offerAnd SO much more!Links from the ShowBiggerPockets ForumsDavid's InstagramBrandon's InstagramBiggerPockets PodcastBiggerPockets StoreBiggerPockets Podcast 050: Getting Started and No Money Down House Flipping with Mike SimmonsBiggerPockets Podcast 200: A Step-by-Step Guide to Buying Your First Real Estate InvestmentBiggerPockets Podcast 180: 58 Deals by Age Twenty-Three with Devan McClishBiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” MurdockOpen Door CapitalTony RobbinsCheck the full show notes here: https://www.biggerpockets.com/show426