BiggerPockets Real Estate Podcast

It’s rare to find someone with the experience, knowledge, and downright friendliness of Ken McElroy, which is why we’re having him back on the show! This time, Ken breaks down some of the fundamental truths of real estate investing and how it can help you, as an investor, make more money, reach financial freedom, and live the life you were born to live.Ken has been in the real estate game for decades, starting as a property manager in college, becoming a landlord with a sizable portfolio, then meeting Robert Kiyosaki and working on books, education, and systems with some of the biggest names in real estate. Ken has been through multiple market cycles, dozens of policy changes from the government, and made lots of money on many different types of deals. He has a unique experience that gives him a leg up on much of the new competition.You’ll hear Ken’s thoughts on the “affordability crisis” we may be facing in the coming years, how short-term rentalsare changing the landscape of month-to-month rentals, and how an inexperienced investor can get started with “good debt”. Make no mistake, the lessons Ken talks through in this episode took decades to learn, but you can get them all in just over an hour!In This Episode We Cover:How COVID did (and didn’t) affect the market for real estate investorsLeveraging “good debt” so you can build your real estate empireWhen prices of labor, lumber, and new construction will flattenWhat the future of the real estate market will look like, and how landlords can benefitWorking with the system (government, tax codes, etc.) as opposed to working against itWhy great deals will always get funded (especially in today’s market!)And So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Youtube ChannelOpenDoor CapitalBrandon and David’s BooksReal Estate Rookie BootcampBiggerPockets Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroyAirbnbGet Ken McElroy's free e-book for BiggerPockets listenersClick here to check the full show notes: https://www.biggerpockets.com/show493 Learn more about your ad choices. Visit megaphone.fm/adchoices

Rob Abasolo, AKA Robuilt on Youtube, didn’t have a background in real estate, or construction, or hospitality, or really anything related to his current success. He did have drive, creative thinking, and the will to make something work when other people told him it was impossible.Rob and his wife moved from Kansas City to Los Angeles, trading a $1,100 mortgage on a house for a $1,800 rent bill on a small apartment. Around this time, Rob started hearing about Airbnb and short-term rental hosting. So, he decided to buy a house, keep his apartment, and try his hand at some Airbnb arbitrage. It worked, and thus the short-term rental revenue model was proven!Rob then started to Airbnb out the apartment attached to his new home. He was pulling in some solid income, anywhere from $2,000 to $3,000 a month. So what did he do next? He built a “tiny house” in his backyard for around $72,000 and began renting it out for up to $4,000 a month on Airbnb. That’s when Rob thought “what if I built ten of these?”Now, four years later, that’s exactly what he’s done. Rob has a growing portfolio of short-term rentals all across the United States. From California to Texas, to Tennessee and beyond. But this isn’t the end for Rob. His new plans? Build a massive “glamping” compound on his newly acquired 50 acres of land in Gatlinburg!In This Episode We Cover:Airbnb arbitrage and the risk of always going after cashflowOffsetting your mortgage with short-term (or long-term) house hackingAirbnb regulations and making sure you’re allowed to host visitorsBuilding a “tiny house” and the cost associated with itFunding your deals through HELOCs and partnerships The new trend of “glamping” and why it may be a massive opportunityAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Youtube ChannelAmerican Horror StoryTuroJoshua Tree Harebnb ListingBiggerPockets Podcast 280: The Key to Making Great Deals (Hint: Overlooked Properties!) with Mark Hentemann (Writer for TV’s Family Guy!)ZillowAirbnbCheck the full show notes here: https://biggerpockets.com/show492 Learn more about your ad choices. Visit megaphone.fm/adchoices

Many of us have a story behind doing what we do. You may have been raised by parents living paycheck to paycheck, spurring you to chase financial freedom and create a better life. Or maybe you labored tirelessly at work to get a promotion or raise, simply to be passed up for someone else. For Adam Gilbert, founder of MyBodyTutor, his “why” is his father.Adam looked up to his father all his life but saw the pain and distress he was going through when he had a heart attack, a triple bypass surgery, and was later diagnosed with multiple sclerosis. This forged a path for Adam that materialized in the health and fitness space. Adam knew that he never wanted to be “too tired” to play with his kids, spend time with his family, or pursue a passion.As Adam has grown his business over the past decade and a half, he’s come away with many lessons that ring true for not only fitness enthusiasts but business owners as well. We talk through the five rules that Adam has put together for anyone to become healthy, wealthy, and mentally sound. While this is a mindset episode, you’ll be surprised with how many of these rules crossover almost perfectly into real estate investing.In This Episode We Cover:When to quit your full-time job and pursue your passionsChoosing daily consistent action over large infrequent actionsWhy health is the ultimate productivity tool Setting up “planned indulgences” and being strict, yet fair with yourselfChoosing consistency over intensity and opting for small changes over timeDoing what scares you until it doesn’tAccountability through partners, coaches, and friendsAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Youtube ChannelBiggerPockets BookstoreGoBundanceOpenDoor CapitalBrandon and David's BooksAdam from My Body TutorBiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin HardyMybodytutor.com Special Deal for ListenersClick here to check the full show notes: https://www.biggerpockets.com/show491 Learn more about your ad choices. Visit megaphone.fm/adchoices

We all know that Hawaii is expensive. With its black sand beaches, fantastic surfing waves, and delicious poke bowls, why wouldn’t you want to live and invest there? Well, even with all those positives, many investors steer clear of Hawaii due to its high prices and lack of land, but one investor, Indar Lange, has proven those critics wrong.Indar is Hawaii’s largest flipper, running about 15 flips at any given moment, and tackling deals priced at upwards of $3,000,000! Indar is no rookie to the game, he’s been doing this for the last decade and a half, but he had humble beginnings.Growing up poor on a farm in rural Hawaii, Indar thought that his life would be set once he got his engineering degree. After realizing that engineers topped out at about $150,000 per year, Indar had to think of something else to do. He coincidently bought a small home at the time, fixed it up, and sold it after living in it for a few years. He paid zero taxes on the gain and this became his first live in flip, which caused the real estate wheels to start turning in his head.Now, he’s hooked up with some of the best lenders, agents, wholesalers, contractors, and investors in the Hawaii area, taking down massive deals for a big payday. You’ll hear Indar’s full story and catch his “Ninja Tips” for the aspiring real estate investor.In This Episode We Cover:Why real estate the go-to investment for the wealthiest people in the world Completing a live in flip and the tax benefits associated with itWhen it makes sense to attend a real estate course (even expensive ones)How Indar stopped his first flip from falling through due to lack of fundingFinancing your deals with hard money and private money loansLong-distance real estate investing from HawaiiCost segregation studies and other tax write-offs from real estateIndar’s “Ninja Tips” for real estate investorsAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Youtube ChannelBiggerPockets BookstorePlastiqBiggerPockets Hard Money LendersBiggerPockets Money PodcastMindy's BiggerPockets ProfileHome DepotYelpBiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl YarberBiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” MurdockBiggerPockets ConferenceBrandon and David's BooksAdam from My Body TutorCheck out the full show notes here: https://biggerpockets.com/show490 Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate is a business, but we often don’t think of it that way. A single-family home here, a duplex there, at the end of the day we’re just landlords, right? What if some large corporation or outside buyer wanted to buy your real estate business from you. Even better, what if you had such efficient systems in place that you could sell your business for 10x what you put into it. Sounds pretty sweet right?Today we talk to Michelle Seiler Tucker & Sharon Lechter, authors of Exit Rich and Rich Dad Poor Dad. Michelle and Sharon have spent years building and selling businesses and have defined the 6 Ps to a profitable exit. Their main critique of most business owners: start planning to scale efficiently TODAY.This can help you as a real estate investor start putting systems in place to grow your portfolio faster and with less work from you later on. If you’re willing to put in the upfront effort to start hiring right, systematizing, and opting for efficiency you most certainly will “exit rich”!In This Episode We Cover:What business owners do that costs them millions in company valuation The 6 Ps to a profitable (and stress-free) exitBuilding systems that allow your business to grow efficiently Focusing on company culture and having an employee liaisonWhy most business owners won’t let go of their “hands-on” roleHow a business is valued (and what you can do to boost your valuation)And So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelGoBundanceOpenDoor CapitalBrandon's BooksBiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneCherry Creek Lodge - Guests RanchExit Rich Website Click here to check the full show notes: https://www.biggerpockets.com/show489 Learn more about your ad choices. Visit megaphone.fm/adchoices

The average journey of a real estate investor tends to go something like this: buy a house, use profits to reinvest into another house, buy a duplex here and there, and buy another house again. Does this sound like you or someone you know?For Feras Moussa, stacking single-family properties was never the goal, especially after he had to manage his first rental investments. At some point, it becomes too hard to scale and you’re stuck with 30+ units and 30+ tenants all trying to get your attention to fix something. This is how real estate can become more of a job than a business.Feras knew this so he started venturing into medium/large multifamily investments instead. His first big multifamily deal was a 99-unit deal in Atlanta, Georgia. He was able to take a neglected apartment complex and turn it into a cash-flowing, high-value piece of property that he later sold for a sizable multiple. Now, Feras does bigger deals, like a $50M+ apartment complex that his company Disrupt Equity and Open Door Capital are partnering on.If you feel too scared to jump (or even dip your toe) into bigger multifamily investments, hear out Feras. He shows it’s a lot less scary than most people think.In This Episode We Cover:How to scale your real estate investment portfolio with medium/large multifamilyThe habits that a successful multifamily investor developsNetworking and being more than just the “business card” personWhy masterminds are a HUGE source of deals, partners, and friendsUnderwriting and how it differs from basic deal analysisUsing “value-add” to increase the value of a property and cash flowThe red flags you should look for when buying multifamily properties And SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Youtube ChannelGoBundanceBrandon's BooksBest Ever ConferenceBlackstoneCheck the full show notes here: https://biggerpockets.com/show488 Learn more about your ad choices. Visit megaphone.fm/adchoices

David Greene is back and we’re “Seeing Greene” as he answers some of the most common real estate investing questions from BiggerPockets listeners! David goes over a multitude of different questions, ranging from financing, to acquisition, to mindset, and strategy.Not only does David have the experience of being a real estate investor, he’s also a licensed real estate agent and owns a mortgage company as well. This allows him to have insider insight that many real estate investors simply don’t have.If you’ve wanted a question answered by an industry expert, stick around because your question might just be answered on this episode of “Seeing Greene”!In This Episode We Cover:Building leverage with HELOCs and Cash-Out Refinances When to lower rent prices on a vacant property that won’t fill upWrite-offs and tax deductions that real estate investors can useHow newly proposed capital gains taxes may influence seller financing opportunitiesHow to shift your mindset and identity to fit the person you want to becomeFinding financing when you’re self-employed or have low incomeAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelRookie Podcast 55: Combining House Hacking and Live in Flips with Tyler MaddenSubmit Your Questions to David GreeneClick here to check the full show notes: https://www.biggerpockets.com/show487 Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s understandable why so many real estate investors don’t want to partner up. I mean, who wants to split half of a rent check with someone else? This can seem especially true when you’re just starting and every cent of profit counts. But, what if the path to financial freedom was through partnerships? What if you could grow your wealth, spend less time working, and scale far faster simply by leveraging your relationships.With us are the hosts of the new InvestHER podcast, Liz Faircloth and Andresa Guidelli, two real estate veterans who partnered up to teach women about financial freedom, cash flow, and everything related to real estate. Liz and Andresa are both partners in real estate and partners in leading the InvestHER community, so they know a thing or two about what makes partnerships work and what doesn’t.We talk about questions to ask potential partners, how to test out a partnership by doing a project together, formalizing a partnership with binding contracts, how to stop resentment in partnerships, and how to end partnerships that go bad.If you’re looking to scale your real estate portfolio to new heights, you’ll definitely be using partnerships to do so. Tune in to make sure you and your partner stay protected!In This Episode We Cover:Why it’s so hard to scale in real estate without partnerships The top questions to ask a potential partner Testing out your partnership by doing a small deal togetherMaking deposits into the “emotional bank account” of a partnershipFinalizing your partnership agreement with an attorneyKeeping information flowing on both sidesPreventing (and ending) bad partnershipsThe new InvestHER podcast!And SO much more!Links from the ShowBiggerPockets ForumsOpenDoor CapitalReal Estate Rookie PodcastBiggerPockets Business PodcastBiggerPockets Money PodcastBiggerPockets Podcast 088: Investing with Your Spouse, Managing Financials, and Growing Your Team with Matt and Liz FairclothBiggerPockets Podcast 203: Finding Deals, Funding, Contractors, and Mentors with Matt and Liz FairclothBiggerPockets Podcast 314: How to Find Rockstar Contractors and Manage Like a Boss with Andresa GuidelliMatt Faircloth's BiggerPockets ProfileRyan Murdock's BiggerPockets ProfileMindy Jensen's BiggerPockets ProfileBiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin HardyBiggerPockets 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: https://www.biggerpockets.com/show486 Learn more about your ad choices. Visit megaphone.fm/adchoices

Three years ago, Atomic Habits was released. In this groundbreaking book, author James Clear asks a complex question “why do we continue our bad habits while neglecting good habits?” While it’s not as easy as simply saying, “I want to be better, hence I’ll stop doing this”, there are some ways that you can convince (and often trick) yourself into developing the habits that will help you create a better life.The first thing to know about habits is that they aren’t a minimal part of your life. Your habits are what your life is built upon. Do you habitually clean your room every week? You’re most likely a clean and well-organized person. Are you constantly looking for ways to save money? You probably have a decent-sized bank account. If you want to become the “money person” or the “helpful person” or the “intelligent person” you need to start adopting the habits that someone in those positions would have.So how do you develop a good habit? More importantly, how do you halt your bad habits from derailing your entire life? James walks through a few key ways to do this, from making habit cues less obvious, to changing your environment, to removing yourself from the choice entirely. One thing is for certain, if you want to change your life for the better, you need to start changing your habits.In This Episode We Cover:How James developed his interest in habits and psychologyBecoming “the architect” of your habits and not falling victim to poor choicesUnderstand the end goal and slowly work your way to itTaking on the actions of someone successful and becoming that identity Why bad habits can be so hard to breakHow long does it take to develop a habit?Intaking media that will change your mindset and influence your actionsAnd So Much More!Links from the ShowBiggerPockets ForumsOpenDoor CapitalBiggerPockets Youtube ChannelBiggerPockets Pro MembershipBiggerPockets EventsBiggerPockets Facebook GroupBiggerPockets StoreBrandon's InstagramDavid's InstagramBiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of MentorsClick here to check the full show notes: https://www.biggerpockets.com/show485 Learn more about your ad choices. Visit megaphone.fm/adchoices

Brandon Turner is a man of many talents. Whether it be building a real estate empire, growing a team, or surfing out in Maui, he seems to make it all look so simple. Yet, that is his key to success. Simplicity. Brandon’s keynote speech from BPCon 2019 touches on many things, including how to simplify your business so it’s working for you, how to grow a team you trust, working with your strengths, and becoming the superhero in your own story. It also includes glimpses into Brandon’s everyday life. From hair styles, to how to ask out your crush, and even saving naked swimmers on Maui beaches. Regardless of where you’re at in the journey, every successful business owner (whether real estate or not) has to make a big business into something simple and seamless, and that’s what you’ll learn from Brandon’s keynote speech. Want tickets to BPCon 2021? Click here!In This Episode We Cover:How to make your real estate business as simple as possibleHow to take the complexity out of tasks that seem difficult at the startWhy simple isn’t easy (but it’s worth it)How to stop yourself from “building too many bridges”Why you need to hire before you’re ready The importance of rehearsing your steps (in business and surfing)How to become the “Superhero” in your storyWhy Brandon had a mullet in his youthAnd SO much more!Links from the ShowBiggerPockets ForumsOpenDoor CapitalBPCON2021J Scott 's BiggerPockets ProfileBiggerPockets Business Podcast 18: How to “Have It All” by Living with Intention with Brandon TurnerBiggerPockets Podcast 394: Making a 25 Deal/Year Business (and Marriage) Work… Together! with Elliot and Chrissy SmithRyan Murdock's Facebook ProfileCheck the full show notes here: https://www.biggerpockets.com/show484 Learn more about your ad choices. Visit megaphone.fm/adchoices