BiggerPockets Real Estate Podcast

In this episode of the BiggerPockets Podcast, learn how to build an incredibly successful real estate business using the “IDEAL” system. Andrew and Phillip Syrios have built an incredible rental property business in just a few short years and today they’ll share all their best tips so you can do the same. Discover the truth about property management, getting dirty, working with family, rentals, flips, and more! This episode is destined to become one of the most talked-about (and fun) episodes in BiggerPockets Podcast history!In This Episode We Cover: How Andrew and Phillip “get things done.” How the brothers started in REI Flipping 200 houses… impossible? How discipline has helped them buy properties What “IDEAL” real estate investing is… and why it matters The truth about depreciation How to find the true value of properties Tips for newbies on getting started Working with private lenders to fund deals The 4 pieces that need to work in order to have a good buy and hold investment The most important things to know as a property manager Running a family business And SO much more. Links from the Show: BP Podcast 117: Maximizing Productivity to Get Things Done with David Allen Buy & Hold Real Estate is the Ultimate Investment: Here’s Why (blog) How to Buy a Small MultiFamily Property: A Step by Step Case Study The BiggerPockets Book on Flipping Houses BiggerPockets Forums Books Mentioned in this Show Getting Things Done: The Art of Stress-Free Productivity (revised edition) by David Allen Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down The Book on Estimating Rehab Costs by J. Scott The Millionaire Real Estate Investor by Gary Keller The Landlord’s Survival Guide by Jeffrey Taylor How to Win Friends & Influence People by Dale Carnegie Great by Choice by Jim Collins Good to Great by Jim Collins Tweetable Topics: “The number of houses you flip is not that much important, the main thing is how much money you made.” (Tweet This!) “Grow in a sustainable consistent manner than trying to get from here to there in a snap of a finger.” (Tweet This!) “Deferring gratification and being able to see the long run is what buy and hold is.” (Tweet This!) “Every property has some sort of value.” (Tweet This!) “If you hate working, then nothing’s going to work.” (Tweet This!) “You’re only as good as your management.” (Tweet This!) “If you’re the property manager, then you should be the good guy and always on their team.” (Tweet This!) “Success builds on itself.” (Tweet This!) Connect with Andrew Andrew’s BiggerPockets Profile Andrew’s Real Estate Website Connect with Phillip Phillip’s BiggerPockets Profile Phillip’s Youtube Phillip’s Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast, we’re changing things up and doing something we’ve never done before!Today we’re bringing you over an hour of actionable advice on exactly how to find real estate deals (even in a hot market,) how to analyze those deals (so you don’t lose money,) and how to finance those deals (even if you have very little cash!)Don’t miss this exciting and totally different show… a taste of our weekly webinar!In This Episode We Cover: A bit about Mr. Brandon Turner and what he does at BiggerPockets Brandon’s first property- bought when he was 21 years old How to find an incredible deal, even in a hot market Using direct mail to find deals Two methods of using Craigslist Using the BiggerPockets Marketplace Using eviction records to find deals How to Analyze Deals, including a demonstration of the BiggerPockets Calculators The top 10 mistakes investors make when analyzing deals How to Finance a Property The different types of loans you can use What is Seller Financing? Using partnerships to fund deals Hard money vs Private money Lenders And SO much more! Links from the Show: BiggerPockets Webinar BiggerPockets Webinar Replays (for Pro) Webinar Replay on the most recent show (only until Monday evening) Driving for Dollars Bible (blog post) BiggerPockets Marketplace LoopNet Costar #AskBP 008: Tragic Story BiggerPockets Analysis Tool BiggerPockets Keyword Alerts BiggerPockets Meet BiggerPockets Pro BP Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy BP Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian Burke BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich BiggerPockets Forums BiggerPockets #AskBP Podcast BiggerPockets Calculators Text to Join the WebinarJust text “bpwebinar” (without the quotations) to 33444 to join this week’s webinarBooks Mentioned in this Show Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down The ABCs of Real Estate Investing with Ken McElroy Tweetable Topics: “The harder I work, the luckier I seem to get.” (Tweet This!) “The cake is cashflow.” (Tweet This!) “Do your math even better because having money makes you dangerous.” (Tweet This!) “It has nothing to do with intelligence or luck, it has to do with taking action and working hard.” (Tweet This!) Connect with BrandonBrandon’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we are excited to introduce you to Graham Mink, a professional hockey player turned real estate investor from the state of Vermont. Graham shares the story of getting his first deal while traveling the world and his journey since that day. You’ll learn how he turned the lessons gained from house hacking into a profitable business managing tenants, being a real estate agent, and subdividing properties.If you want to invaluable lessons about jumping into real estate investing, scaling your business, the ins and outs of financing your deals — and much more — then take a little time out of your day to hear this inspirational show!In This Episode We Cover: A bit about Graham and his professional hockey career What it’s like to transition from professional sports to real estate His first property and first tenant, thanks to his father! Details on refinancing a property What you should know about home equity lines of credit What exactly an FHA loan is How to use house hacking to create income Details on his second deal A discussion about the real estate market The ins and outs of finding the property that fits what you want to do How Graham subdivided a property The role BiggerPockets played Graham’s success How to execute a seller-financed deal The pros and cons of getting real estate license And SO much more! Links from the Show: BiggerPockets is hiring! BiggerPockets Webinar Replays (for Pro) How to “Hack” Your Housing and Get Paid to Live for Free The Real Estate Market: How to Analyze and Predict Cycles The Real Key to Success is Cheating. Here’s How (and Why) To Cheat… BiggerPockets Podcast Show 118 with Grant Cardone BiggerPockets Forums BiggerPockets Calculators Books Mentioned in this Show The Book on Flipping Houses by J Scott Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down Landlording on Auto-Pilot by Mike Butler Think and Grow Rich by Napoleon Hill Tweetable Topics: “The one who pumps out slow and steady kind of wins the race.” (Tweet This!) “If you’re not making money, you’re not making money.” (Tweet This!) “Get your license, find a mentor… scrub toilets if you have to.” (Tweet This!) “Walk before you run.” (Tweet This!) “Everybody’s got some kind of advantage.” (Tweet This!) “When you seen an opportunity that you lose, it opens the door for something else.” (Tweet This!) Connect with Graham Graham’s BiggerPockets Profile Graham Mink’s Wikipedia Page Graham’s Twitter Graham’s LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices

The links to third-party products and services on this page are affiliate links, meaning that BiggerPockets may earn a commission (at no additional cost to you) if you click through and make a purchase.When getting started, should you go BIG or go small? On this episode of the BiggerPockets Podcast, learn how Himanshu Jain got started investing in real estate by buying BOTH a condo and a 20-unit apartment complex. Discover the lessons Himanshu learned in the process, as well as the pros and cons of each. Additionally, the discussion on property management is going to blow you away — especially when you learn why Himanshu uses not one but THREE different property managers to look after his portfolio.Whether you want to diversify your real estate portfolio or you’re just interested in different forms of investing, check out this fascinating, innovative episode!In This Episode We Cover: How Himanshu got started with real estate investing The pros and cons of getting a vacation rental as a first property How he branched out into condo units What exactly corporate housing is Opinions on Homeowners Associations How he made the big jump to multifamily How to use another business to finance your next deal Why exit strategy matters to Himanshu The ins and outs of having multiple property managers Tips on marketing multifamily units How Himanshu finds properties How he dealt with “unusual activity” in his multifamily unit Why he became a real estate agent And SO much more! Links from the Show: VRBO HomeAway FlipKey HomeSearch (sponsor) Podio (sponsor) Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki Blue Ocean Strategy by W. Chan Kim The 10X Rule by Grant Cardone Tweetable Topics: “Buy with the end in mind.” (Tweet This!) “Nobody will ever take as good a care when it comes to properties as yourself.” (Tweet This!) Connect with Himanshu Himanshu’s Website Himanshu’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate entrepreneurs are busy people… but this doesn’t have to mean getting overwhelmed! In this episode of the BiggerPockets Podcast, we sit down with world-famous productivity author David Allen to learn tips and tricks for getting more things done in your life. You’ll learn how to accomplish more things, in less time, with less stress using the Getting Things Done (GTD) system. This show will inspire and encourage you to do even more in your business.Whether you’re just starting out as an entrepreneur, or you just want to run your business more effectively and seamlessly, you’ll definitely get something valuable out of this episode!In This Episode We Cover: David Allen’s backstory The two elements of self management you should know What hats you should learn to wear Areas in life you need to make sure you’re keeping an eye on How to keep yourself oriented in the right direction What exactly an “external brain” is and how to build it What you need to know about Getting Things Done Important notes on research and development The 5 steps of the GTD system The big question: What is the next actionable step? The ins and outs of the 2-minute rule The importance of making a mess And SO much more! Books Mentioned in this Show Getting Things Done: The Art of Stress-Free Productivity (revised edition) by David Allen The Organized Mind: Thinking Straight in the Age of Information Overload by Daniel J. Levitin BrainChains by Dr Theo Compernolle Tweetable Topics: “You need to make sure you have the map, but you’ve got to have a good map with all the right data on it.” (Tweet This!) “It’s terrible to go play soccer without a goal.” (Tweet This!) “If you can take the action step in two minutes or less, do it right then.” (Tweet This!) “You’re going to learn more doing it than reading a book.” (Tweet This!) “The core key in getting in control and focused is the weekly review.” (Tweet This!) “If you don’t spend any time on reviewing, you will just go fumble around and be driven by the latest and loudest.” (Tweet This!) “You’re most creative when you have a space to make a mess.” (Tweet This!) “Your head is for having ideas, not for holding them.” (Tweet This!) Connect with DavidDavid’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of the BiggerPockets Podcast, learn what it took for Nasar Elarabi to quit his dead-end job and become a full time wholesaler, flipper, and landlord. Tune in for discussions covering how he funds his deals, what makes him a better landlord, and why he’s tried his hand at many avenues of real estate. In this not only informative, but also wildly entertaining episode, Nasar shares his tales of success and the failures that helped him learn — including the first flip he ever undertook (that turned out to be disastrous).This show is packed with a heavy dose of motivation and miles of actionable content, so don’t waste another minute. Just hit “play!”In This Episode We Cover: How Nasar got into real estate  The story of how he got it all wrong with his first flip What he learned from those mistakes How he shifted to buy & hold properties What you should know about debt to income ratios How Nasar funds his deals How he became “too stupid to quit“ Why he shifted once again to wholesaling What makes him a better landlord now Interesting information on owner financing How to know when to quit your job The ins and outs of achieving a “slam dunk deal“ The importance of working with the right people What exactly code enforcement leads and delinquent tax leads are What makes him different from other investors And SO much more. Links from the Show: BiggerPockets Forums: Success Stories Forum Thread about the Danger of Wholesaling Is Real Estate Wholesaling Illegal? BiggerPockets Webinar Replay Agent’s Guide BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing 99Designs BiggerPockets Podcast Show 100 BiggerPockets’ Facebook BiggerPockets’ Twitter Books Mentioned in this Show Think and Grow Rich by Napoleon Hill Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down You Can Make It Happen: A Nine Step Plan for Success by Stedman Graham Tweetable Topics: “Slow down and learn to focus on that one thing that you want.” (Tweet This!) “Just because you own four houses does not make you a real estate expert.” (Tweet This!) “Sometimes you’ve got to jump off the roof and get your wings on your way down.” (Tweet This!) “You’re going to learn more doing it than reading a book.” (Tweet This!) Connect with Nasar Nasar’s Website Nasar’s BiggerPockets Profile Nasar’s Youtube Nasar’s Facebook Nasar’s Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever wanted to invest in apartment complexes, but were unsure how to start?That’s the topic of today’s BiggerPockets Podcast episode, where we sit down with apartment complex investor Jeff Greenberg. Jeff shares a ton of actionable advice on how to analyze, find, and finance larger multifamily investment properties! If you want to benefit from the big potential profits this kind of real estate investing can offer, don’t miss out on this informative episode.In This Episode We Cover: The details of Jeff’s first deal How best to fund a commercial property What exactly portfolio lending is How to start out with no experience Why professionalism works in real estate What you need to know about LOIs Why building relationships matters to your success The importance of having a mentor How to evaluate a commercial property Tips on forming the team you need to start investing Jeff’s methods for finding great deals Mistakes he made during the course of his career And SO much more! Links from the Show: Trivia Email BiggerPocket’s News LoopNet BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing 99Designs BiggerPockets Forums Books Mentioned in this Show The E-Myth Revisited by Michael E. Gerber Rich Dad Poor Dad by Robert T. Kiyosaki Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki Connect with Jeff Jeff’s Website Jeff’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever been on vacation and thought, it sure would be nice to own some property down here? Well, that’s the subject of today’s podcast, as we speak with vacation rental property owner Scott Sutherland about how he’s built a profitable business owning and managing his vacation rental properties.You’ll learn the step by step process for finding potential properties and analyzing them for profitability, as well as financing ideas and tips on managing the short-term renters. Whether you’re already in this real estate niche or you want to get your foot in the door, we’re confident you’ll get some new insight here. Don’t miss this exciting episode!In This Episode We Cover: How Scott got started in real estate investing His story of taking time off Thoughts on choosing between stocks and real estate The concept of control in real estate How to get into the niche of vacation rentals Strategies for properties that don’t typically cash flow What exactly a vacation rental entails The ins and outs of vacation rentals, including pros and cons How to market your rental property What you should know about tenant screening on vacation rentals And SO much more! Links from the Show: Trivia Email Brandon’s Forum Post on Vacation Rentals BiggerPockets Forums Evicting Renter from a Vacation Rental Property BiggerPocket’s The Book on Investing in Real Estate with No (and Low) Money Down HomeAway VRBO AirBNB alexa.com 99Designs Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki The 4-Hour Workweek by Timothy Ferriss Connect with Scott Scott’s Website Scott’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we’re excited to bring you another fantastic interview by one of the most successful real estate authors in America.Jay Papasan is best known to this audience as the co-author of The Millionaire Real Estate Investor (co-written with Gary Keller) which has been our top-recommended real estate book here from BiggerPockets Podcast guests. He also co-authored The Millionaire Real Estate Agent and collaborated on the best selling book FLIP and HOLD. Most recently, Jay is the co-author of The One Thing, which Brandon recently featured as the number one book on his list of the business books that changed his life in 2014.Jay is also a savvy real estate investor, and he shares his incredible story and strategy with us today!In This Episode We Cover: How Jay got started writing real estate books Why real estate agents don’t invest themselves How to adopt an investor mindset The habits real estate investors hold How to do the math when looking at properties Insight into The Millionaire Real Estate Investor Clever methods for finding deals What you should know about “The Domino Effect“ And SO much more! Links from the Show: BiggerPockets T-shirt BiggerPockets Tools for Analysis BiggerPockets Podcast Show 105 with Ophelia Nicholson BiggerPocket’s The Book on Investing in Real Estate with No (and Low) Money Down Books Mentioned in this Show The Millionaire Real Estate Investor by Gary Keller The Millionaire Real Estate Agent: It’s Not About the Money…It’s About Being the Best You Can Be! by Gary Keller The Book on Flipping Houses by Mr. J Scott The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results by Gary Keller Good to Great: Why Some Companies Make the Leap…And Others Don’t by Jim Collins The Millionaire Next Door by Thomas J. Stanley The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich by David Bach Body for Life: 12 Weeks to Mental and Physical Strength by Bill Phillips Go For the Goal by Mia Hamm Rich Habits – The Daily Success Habits of Wealthy Individuals by Thomas C. Corley Rich Dad Poor Dad by Robert T. Kiyosaki The 4-Hour Workweek by Timothy Ferriss The Lean Startup by Eric Ries The Richest Man in Babylon by George S. Clason Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki Managing Oneself by Peter Ferdinand Drucker Tweetable Topics: “Start looking at the world as an opportunity.” (Tweet This!) “Every house is a surprise.” (Tweet This!) “I’d always rather miss 5 or 6 good ones rather than buy one bad one.” (Tweet This!) “I’d rather have fewer roofs to manage but have more net worth and cash flow over time.” (Tweet This!) “Achievers have a clear sense of priority.” (Tweet This!) “Action is how you make progress in life.” (Tweet This!) “If I just teach him one thing, where do I begin that has the most impactful way for me to line up my life?” (Tweet This!) “You figure out what your focus should be and act that way all the time.” (Tweet This!) “The best way to learn something is to teach it.” (Tweet This!) Connect with JayJay’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Get ready for another incredible episode of the BiggerPockets Podcast! On today’s show we talk with real estate investor and property manager Mark Updegraff about buying homes from little old ladies, managing tenants with less stress — and who has the bigger beard: Brandon or Mark.If you want to learn about developing a buying criteria, how to get great leads through BiggerPockets, the “extra step” you should most definitely take while screening tenants, and a whole lot more, then don’t miss out on this entertaining show!In This Episode We Cover: What everyone should know about growing beards How Mark got started in real estate How to find a 100 percent value neighborhood Perspectives on Section 8 and slumlords The “extra step” you should perform during tenant screening Lessons learned from Mark’s very own property management business Clever methods for finding deals How Mark get leads through BiggerPockets Mark’s take on real estate agents How to develop a solid buying criteria Thoughts on get-rich-quick schemes when it comes to real estate And SO much more! Links from the Show: Trivia Email 100 Day Challenge BiggerPockets Webinar Replay (Pro benefit) BiggerPockets Plus and Pro Accounts Cheesy Eddie’s Zillow Trulia BiggerPockets Podcast Show 83 with Marcia Maynard BiggerPockets Forums BiggerPockets Meet Google Drive BiggerPockets Podcast Show 111 BiggerPockets Webinar BiggerPocket’s The Book on Investing in Real Estate with No (and Low) Money Down Books Mentioned in this Show How We Bought a 24-Unit Apartment Building for (Almost) No Money Down: A BiggerPockets QuickTip Book The 10X Rule: The Only Difference Between Success and Failure by Grant Cardone The Book on Flipping Houses by Mr. J Scott The Fountainhead by Ayn Rand The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters by Gregory Zuckerman Tweetable Topics: “We go through our policies up front so they know that we take our business seriously.” Share on Twitter “I’m not trying to sell people things that I don’t agree with.” Share on Twitter “The secret to why I’ve been so successful is that I don’t screw around.” Share on Twitter “The first person to establish a relationship to the other agent has an upper hand when it comes to closing the deal.” Share on Twitter “Your net worth is in your network.” Share on Twitter Connect with Mark Mark’s Website Mark’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices