Transcripts (34)

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

BiggerPockets Real Estate Podcast

  • 210 views
  • 5 months 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

  • 160 views
  • 6 months 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

  • 130 views
  • 6 months 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

  • 130 views
  • 7 months 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

407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok with Ryan Pineda

BiggerPockets Real Estate Podcast

  • 120 views
  • 6 months ago
  • 01:12:55

Want to think like a high-level investor and business owner who is seizing the moment and enjoying his best year ever? Listen up!Former Oakland A's baseball player (and show 292 guest) Ryan Pineda steps back up to the plate today... and he delivers a detailed breakdown of how he's using TikTok, Youtube, billboards, and TV commercials to generate an avalanche of leads in the Las Vegas, NV market.Ryan's team flips and wholesales 100 houses a year... but because he's set them up according to the EOS/Traction system, he spends just 3-4 hours per week running things!Sound good? Well, a lot of hard work went it.And in this episode, you'll hear the journey firsthand: from exactly how each member of Ryan's team handles a transaction, to why they keep a visual scoreboard in the office, to how he had to shift his mindset after realizing he was the bottleneck holding his business back.In This Episode We Cover:Operating a real estate brokerage, tax company, house flipping business all at onceFlipping 100 houses/year in 3-4 hours/weekHow Ryan attracts deals using TV ads and billboardsWhy he believes influence is the most valuable currency todayFinding the one thing you can't delegateHow he leads a team using EOS system from the book TractionHow structure can actually free your team up to do their best workAnd SO much more!Links from the Show:The DISC ProfileEOSDon't this miss one this one, and leave us (and Ryan) a comment in the show notes over at biggerpockets.com/show407.