Transcripts (34)

455: Mixtapes to Millions in Real Estate with DJ Envy and Cesar Pina

BiggerPockets Real Estate Podcast

  • 23 days 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:

454: Retiring in 2 years Through “Aggressive” Rental Property Investing with Rachel Richards

BiggerPockets Real Estate Podcast

  • 26 days 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:

453: Live Q&A with Brandon and David: Risk, Partnerships, Inspiration and Opportunity of Real Estate

BiggerPockets Real Estate Podcast

  • 30 days ago
  • 01:21:27

We’re taking a bit of a detour from our regular programming to answer some live questions on real estate mindset! Brandon and David take live questions from investors across the nation on some of the most hard-hitting/commonly contemplated real estate questions and topics such as…Is perceived “risk” deterring you from making strong financial decisions?How do you keep the fire going as an agent and investor when you get rejected?When should you allow team members to take on your roles and processes?What to do to get over the fear of partnerships?How do you balance ambition and being content with your success?How to find inspiration in other people's success?What to do when there is SO much opportunity but you don’t know what to choose?And More!Brandon and David spend some time answering all of the above questions with life lessons they’ve learned in their investing careers. The solution to the problem isn’t always cut and dry, but almost all of these questions come up in a real estate investor’s career, one way or another.If you didn’t get your question answered in this episode, stay tuned as we may plan to do another Live Q&A in the future!In This Episode We Cover:Answers to the top real estate “mindset” questions Finding your fire and running towards itLetting go of the “I have to do everything” mentalityFocusing on one thing, doing a great job, and letting go of the restGetting your spouse on board for real estate investing/financial freedomStaying content and grounded while also striving for greater thingsAnd So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeBiggerPockets ForumsBiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of MentorsClick here to check the full show notes:

452: Landing Incredible Deals Using This “Scary” Technique with Steve Trang

BiggerPockets Real Estate Podcast

  • about 1 month 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:

451: Stop Chasing the “False Summit”: Have Better Relationships and Results with Michael Hyatt

BiggerPockets Real Estate Podcast

  • about 1 month 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: