financialgrowth

Ever considered partnering up with your spouse or another family member? Today's guests Elliot and Chrissy Smith did just that when they left stable careers to flip, wholesale, and buy rental properties together in Washington state. Running the business together wasn't easy on their marriage. In fact, they almost got divorced. Fast forward to today... they're happy, doing 25 deals/year, and building long-term wealth by steadily buying rental properties. So, what adjustments did they make? In this episode Elliot and Chrissy share what they've learned about defining roles, managing cashflow, and finding work-life balance as young parents who happen to be business partners. It's a rare inside look at the ups and downs – and risks and rewards – of running a true family business. As die-hard fans right remember from his appearance on Show #255, Elliot is a skilled negotiator... and today he shares a surprisingly simple negotiating tip for those nerve-wracking kitchen table conversations with homeowners. Look: you gotta love a couple who hires a babysitter just so they can drive around looking for distressed properties (a move which led to today's Deal Deep Dive). So check out this episode, and share it with your spouse, friend, or family member who you think might enjoy it! In This Episode We Cover: How Elliot and Chrissy divided their business into "lanes" Their first taste of success with direct mail Leaving full-time jobs to pursue their dreams in real estate Dangers to be aware of when teaming up with your spouse Showing a seller the math behind your offer Plowing the cash from their flips into buy-and-hold rentals Using the same exact same materials on every flip Incentivizing a contractor by offering a profit share Why they've slowed down their marketing in recent months Elliot's cold call center for real estate investors And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Podcast 255: Six-Figure Real Estate Investing in Just 20 Hours a Week with Elliot Smith Jason Drees BiggerPockets Webinars Tarl Yarber Audible BiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber Check the full show notes here: http://biggerpockets.com/show394 Learn more about your ad choices. Visit megaphone.fm/adchoices

Imagine building a business around work you’d do for free. Sound pretty great? Today’s guest has done just that, and her story may change the way you think about investing. Brittany Arnason is a 26-year-old who’s converted her talent for hands-on work into a cash-flowing, 10-unit rental portfolio. In this episode, Brittany shares how she learned the business of real estate and construction as a small child, bought her first property for $25,000, and worked on it herself to save money and learn the business. She goes on to reveal her DIY secrets for adding value at minimal cost, how she applied skills she learned at her 9 to 5 to make her a more successful investor, and how she operates as a woman in a male-dominated industry. Brittany has an incredible energy, spark, and passion for real estate, and it is infectious. Don’t miss how she uses creative strategies to finance her deals and the BRRRR method to fund unlimited projects. This is an episode that will leave you pumped up and ready to go get your next (or first) deal. Download it today! In This Episode We Cover: How Britt got her first rental property at the age of 18! Quitting her job as a power engineer Pros and cons of doing your own work The Lifeonaire Strategy Things that make a huge impact in a property Using personal line of credit to fund deals What is a Step Up mortgage Doing BRRRR strategy with her boyfriend Finding deals through realtors and MLS How she learned DIY skills from the internet And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Brandon’s Instagram David’s Instagram Chip Gaines Joanna Gaines #HumboldtHouse Realtor.ca Pinterest BiggerPockets Calculator Rehab Estimator Calculator BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors Gary Vaynerchuk on Finding Deals Through Social Media & Crushing It as an Entrepreneur Books Mentioned in this Show The Book on Rental Property Investing by Brandon Turner Lifeonaire by Steve Cook Unlimited Power by Tony Robbins BRRRR Book by David Greene (coming soon!) J. Scott’s Book on Estimating Rehab Cost Long-Distance Real Estate Investing by David Greene 90 Days Journal by Brandon Turner (coming soon!) Gary Vaynerchuk’s Crushing It! The Subtle Art of Not Giving a F*ck by Mark Manson 4-Hour Work Week by Tim Ferriss Fire Round Questions I wonder what your 3 favorite tools are How many calls, showings, and applications you see before having a signed lease? Tweetable Topics: “New builds can be easier and more straightforward than rehabs!” (Tweet This!) “If it keeps you motivated and it keeps it fun for you, it probably will help your business.” (Tweet This!) “You have to do whatever it takes to make it work.” (Tweet This!) Connect with Britt Britt’s Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode, I want to dig into the reasons why we have a poor relationship with money and share my personal story of how I shifted my money beliefs through coaching. Join me as I share the most important money mind shifts that you can implement to become more successful in your business and your career.

Get full show notes and more information here: https://unfckyourbrain.com/14

A lot of people want to invest in rental properties, but a lot of people also fail when they jump in. Why? That’s the topic on today’s episode of the BiggerPockets Podcast, where we sit down with Tim Shiner to learn his story of going from zero to over 150 units and the lessons he picked up along the way. You’ll hear some incredible strategies for getting unicorn deals when there are multiple offers, the #1 most important characteristic Tim looks for when buying a property, and why he focuses primarily on “higher end” rental houses. You’ll love all the humor, wisdom, and knowledge Tim brings to the show, so sit down, relax, and be prepared to learn! In This Episode We Cover: How he got started buying quality real estate What makes his location special Why he doesn’t have a real estate license The importance of looking at the “horizon” and the end goal A discussion on diversification on investments The story of the “big white card board“ Why you should focus on what you are better at Tips for finding mentors The details on his 140 deals Insight into the debate on high-end vs. low-end properties Why he loves appreciation Tips for partnering with your significant other A discussion on buying your kid a property How he finds deals Why you should set a goal, achieve it, and reward yourself And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Be a Guest to the Show School of Life Podcast Control Uber Books Mentioned in this Show Elon Musk by Ashlee Vance Rich Dad Poor Dad by Robert Kiyosaki Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki The 10X Rule by Grant Cardone 50 Things They Didn’t Teach You in School by Tim Shiner Tweetable Topics: “Nobody cares as much about your investments as much as you do.” (Tweet This!) “The goal is to get as many checks coming in the mail as possibly as you can.” (Tweet This!) “If you have a strong enough ‘why’ while you invest, that will plow your way.” (Tweet This!) “Set a goal, achieve it, and reward yourself.” (Tweet This!) Connect with Tim Tim’s BiggerPockets Profile Tim’s Company Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Last week we talked about saving up for your first deposit…but did we miss an important part of the picture? In this episode we pick sides and have one of our periodic duels: is it better to save money, or create money? We discuss: How it’s easier to save a pound than make a pound… […]

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