The Biggerpockets Real Estate Investing Podcast

Many people invest in real estate hoping to make “passive income” but instead find they work more than they would at a day job! But not all real estate niches require a lot of time—and today’s show proves that! Today on the BiggerPockets Podcast, we sit down with Dr Kenyon Meadows, a real estate investor who chooses to invest his money using a variety of passive real estate vehicles, including funding other real estate investors, investing out of state through several turnkey companies, and investing in over 30 crowdfunding deals! If you are looking to make your real estate more passive, this is one show you can’t afford to miss! In This Episode We Cover: Who Kenyon Meadows is What you should know about alternative assets How he got into real estate How he structures his private money lending Whether track records matter to him How to impress a private money lender Tips for building permanent wealth How he got into turnkey properties Advice on finding the right turnkey property provider A look

Why is it some investors buy deals every single month, when others look for years without landing a single great real estate deal? Two words: deal flow. On today’s episode of the BiggerPockets Podcast, we sit down with Erik Stark to talk about how he consistently drives leads to his real estate business using “driving for dollars,” direct mail marketing, and a fascinating “education marketing” strategy that you’ll be excited to try for yourself! In This Episode We Cover: Erik’s background What exactly deal flow is The importance of focusing on the strategy The first step in driving for dollars How to identify a distressed vacant house How he tracks his mailers What systems he has in place, including outsourcing Tips for finding out if there’s existing mortgage on a property The Smart Sell Book he authored What R3 zoning is What’s changed in the past two years since he was interviewed His plan for the next years And SO much more! Links from the Show BiggerPockets Forums BP Podcast 093: 0 t

Every day, our lives are consumed by things that simply don’t amount to much. In fact, most of your successes will come from a very small percentage of your activities. That’s the basic concept of the 80/20 rule, and today’s guest is one of the world’s foremost experts on using the 80/20 rule in business! Today’s guest is Perry Marshall, author of 80/20 Sales and Marketing: The Definitive Guide to Working Less and Making MoreE, and on today’s fascinating show, Perry dives into how to use this principle to work less and achieve more. And don’t miss the fascinating discussion on how to make $10,000 an hour; if you’ve never heard this concept before, it’s about to blow your mind (and business) into the stratosphere! In This Episode We Cover: Perry’s background and how he got into marketing How he stumbled upon the 80/20 principle Why it’s alright to let go of tenants causing you issues The 80/20 inside the 80/20 How this affects investors with rental properties What we can learn from the “principle of t

On today’s episode of The BiggerPockets Podcast, we’re pumped to introduce you to Damion Lupo, an experienced real estate investor and hard money lender who has seen it all in real estate—both the good and bad! You’ll learn how it was Damion’s naiveté that led to his early success (and why naiveté matters), as well as the traits that helped Damion build up an incredibly successful cash-flowing business. And don’t miss Damion’s story of the murdered security guard or his golden answers to the question, “How do you get a lender to say yes?”  In This Episode We Cover: Damion’s first deal that he financed with his Visa card How you can be naive and still make it A discussion on whether it’s harder to find deals nowadays What you should know about driving for dollars The deals he has done so far The murdered guard story Why he wants to be the bank What exactly a lease option is How he structures his partnership A discussion on whether people should get an LLC or not Damion’s view on cash flow What

Boston is a tough market. Prices are high, but even high rents aren’t enough to make it profitable to invest. Ricky Beliveau makes money by renting to students, converting small multifamily buildings into condos (it’s easier than you think!), and transitioning unused space into more bedrooms to add massive value. In This Episode We Cover: How Ricky started by borrowing money from his mom Thoughts on buying an expensive property in an expensive market How he got 4 signers and co-signers per unit Tips for finding a property manager The upsides to having a college rental How he achieves next to zero vacancies How he tenant-proofs his rentals The value of his property today The details of his next deals How to find these gems of properties What a condo conversion is The average cost for condo conversion with an attorney How he sets the HOA up How to tell if a property is good for conversion Thoughts on keeping a day job while investing How to find reliable contractors What’s next for Ricky

Some investors buy a single house. Some buy a small multifamily. But today on The BiggerPockets Podcast, we sit down with someone who jumped into real estate in a much bigger way! Joel Sherlock is an investor from Canada who put together a $30 million dollar fund to buy real estate in America. You’ll learn why he went this route and how you can follow a similar strategy in your own business. You’ll also learn about Joel’s entrance into the world of commercial real estate, including the pros and cons of that niche. In This Episode We Cover: How Joel started real estate back in college Why he eventually moved his investing in Canada to America How he was able to come up with $32 million in funds What a “hurdle rate” is Why he considers his model to be conservative  The kind of properties he’s buying Why he chose Scottsdale Innovative strategies for finding deals How he “trades deals“ How to get fixed-priced bids from contractors Why he’s made the move to commercial real estate Why people avoi

If there is one thing you can know for sure by listening to the BiggerPockets Podcast, it’s this: There are a LOT of ways to invest in real estate! That’s why we’re excited to bring you today’s interview with Noah Kagan, who invests in a different way than most of the guests we’ve had on the show. Noah currently runs several very successful internet businesses (SumoMe and AppSumo) and knew he didn’t want to be a landlord; Noah knows his best return is made in his business. Therefore, he devised his investing strategy around NOT being the landlord. Noah is a wealth of information and one of the most motivating humans we’ve ever met. So sit back and enjoy today’s episode with Noah! In This Episode We Cover: Who Noah Kagan is and how he got into real estate investing What keeps newbies from buying their first investment properties The ROI of other businesses as compared to real estate investing A discussion on the 1% rule Thoughts on whether a commercial property is a good first investment Why you should

How much does it cost to buy a large apartment complex? Millions? Think again! On today’s episode of The BiggerPockets Podcast, we’re excited to welcome back Brian Murray to the show. Brian, who was last seen on episode 126, has done some pretty amazing things over the past several years — including purchasing a 115-unit property that cost him nothing out of pocket (and, in fact, he walked out of closing with a massive check!). Whether you are looking to buy one house or a 100-unit property, this podcast will inform, motivate, and inspire you to massive action. In This Episode We Cover: What Brian has been doing since his last episode The definition of “value-add” in real estate Different ways to add value to a property The story of how he turned an old motel into studio apartments How Brian gets his tenants and the kinds of screening he uses Why he focuses on keeping rents low The location of these rentals Why you should consider the “transient work force” Details on how he got this deal A discus

What’s the best way to invest in real estate when the numbers don’t make sense in your backyard? Today on the BiggerPockets Podcast, we sit down with Bob Malecki, a real estate investor who started by purchasing local rental properties but quickly shifted gears into two other niches: out of state rentals and mortgage notes. In this episode, Bob explains why he chose to make the switch and walks listeners through the step-by-step process for getting started investing outside your backyard! In This Episode We Cover: How Bob got started in real estate What a ROTH IRA is What to do when you’ve got a chunk of money to invest How to choose the right turnkey company Thoughts on using leverage to acquire properties Why he decided to transition to notes What exactly non-performing notes are A discussion on notes vs. rentals The risks of investing in notes What you should know about due diligence Where to find notes to invest in The value of building relationships What the future looks like for Bob A

Can a single real estate deal change your life? Definitely! That’s the topic on today’s “newbie episode” of the BiggerPockets Podcast, where we sit down for several interviews with real estate investors who have just purchased their first deal. In the first interview, you’ll hear how Sunny and SunMarie Burnsused a fantastic “house hack” to invest in an extremely high-priced area. In the second interview, you’ll hear how Sam Valme was able to house-hack his home into a vacation rental that throws off massive cash flow each month. These stories are incredibly inspiring and full of tips that can help new AND experienced investors achieve more in their business! In This Episode We Cover: Sunny and SunMarie’s Segment: How Sunny got hooked to the podcast Why you should consider buying a fourplex as a first property How to find these deals Thoughts on the competitiveness of the real estate market How to use house hacking to earn extra cash Why you should always look out for holding costs How real estate help

Is small thinking holding you back? Not after this episode! Today on the BiggerPockets Podcast, Josh and Brandon talk with Kevin Carroll, a real estate investor who decided 18 months ago that he wanted to start flipping houses… and has done 83 flips in the past year and a half! Perhaps most impressively, Kevin did most of these flips out of state utilizing strategic partnerships — a strategy that just might change the way you think about real estate forever. Sit back and prepare to have your mindset expanded and let “big thinking” take over. In This Episode We Cover: How Kevin went from a straw-built house to flipping 1,000 houses What a bank-owned product is How he built a system that works What you should know about probates How to think like an investor instead of an agent Things that could screw up a deal The two components that make a deal successful Why you should consider holding costs Buying properties offsite Insight on quality control and scaling the business How to stay ahead of the

Most people begin their real estate investing with a small single family purchase. Some even start with a duplex or triplex. But today’s guest on the BiggerPockets Podcast skipped the intro phase and jumped right into a 41-unit property early in his 20s! Today, you’ll learn how Jack Baczek used a strategy not before mentioned on the podcast to invest in 41 units, as well as his transition to mobile home park investing (and why that niche ROCKS). Jack’s story is truly inspirational, and you’ll walk away from this interview inspired, entertained, and pumped up to take massive action on your own business! In This Episode We Cover: How Jack got started with real estate How he stumbled upon what ended up his first deal at age 21 What exactly a fractured condo is How he found his first deal of 21 units How he financed this huge deal A warning against hiring the wrong property manager How having parents who invest in real estate affected him Why he sold the 41-unit property Why he made the shift to mobil

Real estate investors wear a lot of hats, especially in the beginning: contractor, bookkeeper, receptionist, and more. But if you truly want to grow your business, you must do LESS. At least, that’s the message you’ll hear today on The BiggerPockets Podcast, where Josh and Brandon sit down with real estate investor Devin Elder about how he’s been able to scale his business by doing fewer and fewer tasks. You’ll learn how he went from a single family rental in 2012 to buying multiple properties each month. We cover the topic of BRRRR investing, fix and flipping, using private lenders, getting started with no money, and lots more. Stay tuned for this powerful episode! In This Episode We Cover: How Devin got started into real estate How he got a mentor to help him get his first deal What exactly equity capture is Why the BRRRR strategy is so nice Thoughts on his market, San Antonio Devin’s main focus as a real estate investor How his business works The importance of creating systems and not doing things

Two years ago, Joe England was just a full-time military guy, dreaming about financial freedom. Now, he’s done over 20 deals and is taking massive action to create an incredible future for himself. On this episode of the BiggerPockets Podcast, we dive deep into Joe’s story and learn how taking massive action has helped him build his portfolio — despite being deployed overseas the majority of the time. In This Episode We Cover: How Joe learned about real estate from infomercials and BiggerPockets Why he needs power of attorney Important books he’s read How he started investing while still deployed in Iraq How he landed 22 properties in just 10 months What exactly a rent-ready property is What kind of properties he invests in How he finances these deals Joe’s end goal and his “why” The state of the real estate market in Baltimore How to NOT be a slumlord How he manages his properties His experiences with bad property managers How to find properties on the MLS and Zillow The strategy of putti

How does one transition from doing simple houses to more complex deals? That’s the topic on today’s episode of the BiggerPockets Podcast, where we sit down once again with Jered Sturm, a real estate investor from the Midwest who’s made the transition from doing all his own work on single family houses to purchasing larger properties. In this episode, we dig in deep on the purchase of his newest 42-unit apartment complex and the unique “value-add” ideas he discovered that made this property a home run! In This Episode We Cover: A quick recap on how Jered got started in this game What market is he in and how it changed over the last couple of years Why he moved his investing from Cincinnati to Atlanta How he uses partnerships to manage different markets Tips for funding using other people’s money The goal that led to using syndication Self-fulfillment rather than just buying more The importance of figuring out your “why“ How he has the discipline to not spend their quadrupled income Why you shoul

Today on the BiggerPockets Podcast, you’ll hear from Chris Gill, a real estate investor in the San Antonio market who has only been investing for three years but has already done over 30 deals — mostly fix and flips. On this episode, we walk through Chris’s unique journey, including his initial four-plex rental property and his path toward flipping “the worst houses in the area.” And don’t miss Chris’s fantastic tip for finding deals that no one on the BiggerPockets Podcast has mentioned yet! In This Episode We Cover: How he transitioned from film to real estate Whether or not you should get your real estate license What Chris’s first deal looked like The things he wished he knew before he started investing Why properly screening tenants is vital Tips for creating a great team How he manages his properties How he does his bookkeeping Tips for transitioning to house flipping His criteria for finding deals How he estimates his rehabs Tips for evaluating a house to rehab How he funds his deal

When learning how to invest in real estate successfully, most people struggle finding four things: mentors, contractors, deals, and funding. That’s why today we’re excited to bring back Matt and Liz Faircloth onto The BiggerPockets Podcast to talk about how they find each of these! Matt and Liz (who were on episode 88) join us today as we dive deep into solving many of the problems that new investors struggle with. They also share the difficult story of how they recently shut down a major arm of their business and why it was the best move for them. Finally, Matt and Liz delve into the recent purchase of their 49-unit apartment building, offering some unique tips that will help you find and fund your next big deal! In This Episode We Cover: A recap of who Matt and Liz are Why they purchase a combination of flips and rentals What their “why” for investing in real estate is How many deals they look at A discussion on paying someone by the hour vs. by the job The do’s and don’ts of finding partners throug

Most people dream of getting out of the “rat race,” quitting their day job, and living on passive income sources. However, usually that’s just wishful thinking. But today, we’re excited to introduce you to a real estate investor who did just that using rental properties, and he explains just how he did it. You’ll learn how our guest, Mark Walker, used single family houses at first to begin building his portfolio, and how his passive income really took off when he switched to multifamily. And you’ll love the in-depth discussion on exactly how he acquired his 64-unit apartment building! In This Episode We Cover: How Mark got started with a duplex that yielded a 36.5% cash on cash return Tips for shifting from developments to rentals Why he doesn’t want anything to do with property management Why it’s a matter of finding the right financing The basics to know about amortization and cash and cash return How to partner with the right people along the way How he finances his deals How he structures his 

Dead “zombie” houses are everywhere — just waiting for you to bring them back to life if you are willing to take the risk! That’s the story we dive deep into today on the BiggerPockets Podcast when we sit down with reality TV star Justin Stamper, a real estate investor from the Orlando, FL market who has a fascinating and inspiring story of rising up from near financial ruin to become one of the most prolific investors in his market. You’ll learn how his “punk rock” attitude has given him a unique perspective on his investing and how he has been able to flip over 100 “zombie” homes (and wholesale over 200 other deals!) in the past several years. After listening to this show, you’ll be inspired, motivated, and educated enough to tackle your next zombie house! In This Episode We Cover: What is “zombie” house flipping and how does Justin do it? The merits of buying really gross dilapidated properties How Justin got into real estate Why he starting by buying at auction What motivated him to start in real e

Welcome to the BiggerPockets Podcast show 200! We wanted to create a show that we could point people to in the future as an ultimate resource for building their real estate investment business. If you are new, this will give you a step-by-step plan. If you are experienced, it will help you systematize your business better and pick up new ideas to streamline how you buy properties. These tips were obtained from the community in a recent Forum thread Josh started. In This Episode We Cover: Commit Gain Knowledge Get Your Life in Order Decide on What You Want With Your life Decide What Niche/Strategy is Going to Get You There Set Your Goal(s) Choose Your Farm Location Figure Out Your Financing Get Your Core Team Together Start Looking for Deals Estimate Rehab Budget Run the Numbers Review Your Numbers With Someone Make the Offer Negotiate and Get It Under Contract Manage the Due Diligence Process Keep Yourself Organized Buy the Property Manage the Property or Rehab Stick Close to BiggerPockets