investingstrategies

Attention: this is a must-listen show! Whatever you’re doing, stop and download today’s episode! Brandon and David sit down with Josiah Pott, a real estate investor/wholesaler who is doing six-figure deals at 20 years old, using nothing but old fashioned cold calling. Josiah shares just how he puts houses under contract and wholesales them for big profits—then converts that money into cash-flowing rental property. You will love hearing how he found his first mentor (and got paid $20K to do so), why he dropped out of college to invest in real estate, and what his five tools are for finding off-market property owner info. You’ll also love hearing how the power of compound interest changed his life, how he uses a calendar to manage his lead follow-up, and how he handles questions regarding his young age. Josiah has done several deals where he’s made well over six figures and will tell you exactly how he did so. Don’t miss out on this game-changing info. Download this show today! In This Episode We Cover: His five tools for finding off-market property owner info How he wholesales and turns that into rentals Why he won’t miss out on seller financing in the future Why he wants things to be “hard” How he found a mentor (and got paid $20K by them) Why he dropped out of college to invest in real estate How the power of compound interest changed his life, mindset, and approach to building wealth How he’s accumulated a very impressive portfolio at 20 years old Why he uses cold calling to build wealth How he made $127K on one deal How he made $355K on a deal with his partner How he organizes his business so he doesn’t lose deals Why he keeps a personal touch in his business How he handles questions about his young age How he and his wife work together on their business And SO much more! Links from the Show BiggerPockets Forums Brandon's Instagram David's Instagram Podio PipeDrive Trello Check the full show notes here: http://biggerpockets.com/show346 Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you interested in retiring early with real estate but don’t want to manage hundreds of properties to do so? Today’s guest has managed to travel to 54 countries in the last three years after retiring in his 30s by owning just FIVE properties. Brad Dantonio shares exactly how he reached financial independence at such a young age by focusing on three unique skill sets (and how you can, too). In this episode, you’ll learn how Brad has created “time wealth,” how he tracks every expense he has, and how he achieved the equivalent of a four-year degree while sitting in Houston traffic! Brad also gives us the three tips he shares with young people (including how to take your journaling to a whole new level), how he forever changed his relationship to fear, and how learning the art of delaying gratification at a young age gave him an advantage over his competition for life! Brad has a fantastic story of overcoming adversity as a young child and using his setbacks as fuel to create the system he used to retire early and live the life of his dreams. If you want to use real estate to live your best life, this is an episode you don’t want to miss! In This Episode We Cover: How Brad got into real estate How he increased his income every year for 13 years because he was fanatical about self-development How journaling impacted his life The story of him selling his software to make money and using it to to buy houses How he ended up self studying about negotiation and sales His offensive and defensive techniques on living less and earning more The value of tracking expenses Why he thinks he’s wealthier than billionaires through the concept of time wealth And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Meetup and Events BiggerPockets Webinars My Fitness Pal My Body Tutor Toshl How Does it Feel to be Rich? (Blog) BiggerPockets Store MBA562 Guest Teacher: Brandon Turner- How to (Finally) Write a Wicked-Awesome Book in 100 Days or Less (Podcast Episode) A Simple 4-Step Process for Writing Your First Book in 100 Days (Blog) Connect with BiggerPockets Publishing SalesForce Amazon Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki Lifeonaire by Steve Cook & Shaun McCloskey Poor Charlie’s Almanack by Charles T. Munger How to Invest in Real Estate by Joshua Dorkin, Brandon Turner How to Win Friends & Influence People by Dale Carnegie 90 Days of Intention Journal by Brandon Turner The Richest Man in Babylon by George S. Clason Titan: The Life of John D. Rockefeller, Sr. by Ron Chernow Robert Greene’s Mastery The 48 Laws of Power by Robert Greene Shoe Dog by Phil Knight Fire Round Questions Has anyone compared the returns of a stock/bond portfolio against investing remotely in real estate If someone has the money to pay the mortgage in full, should they do it? or invest it? To MBA, or not to MBA? Would you buy a property with pending tenant evictions? Tweetable Topics: “Inspect what you expect.” (Tweet This!) “You can’t spend enough money on books.” (Tweet This!) Connect with Brad Brad’s Personal Website Brad’s Twitter Profile Brad’s Instagram Brad’s Facebook Page Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you ready to get really excited about the life possible through real estate? This show will go down in BP history as one of the foundational episodes: Brandon Turner and David Greene dive deep into seven unique and powerful strategies for building a real estate business that can fill your life with cash—not work. You’ll love the humor, the stories, the lessons, and the tips throughout! This episode is one you’ll come back to time and time again. Plus — as an added bonus — Josh Dorkin comes back to the BiggerPockets Podcast to explain where he’s been and what the future of the BiggerPockets Podcast will look like! Don’t miss a moment of this powerful show! In This Episode We Cover: Cashflow through rental properties What a turnkey property is and who it’s for BRRR Strategy Challenges with BRRR investing Note investing, lending, syndication, & crowdfunding The scale of passivity The first question David asks to people who want to do business with him House flipping Ways to become a CEO of a flipping business Multifamily investing Buying one house a year The Stack And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich BiggerPockets Podcast 279: How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan BiggerPockets Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock 7 Powerful Benefits To Mobile Home Park Investing How to Build Your Real Estate Portfolio Faster Using “The Stack” (blog) BiggerPockets Money Podcast BiggerPockets Podcast 283: 18 Houses in the First 18 Months with Paul Thompson Books Mentioned in this Show Real Estate Note Investing by Dave Van Horn The ONE Thing by Gary Keller and Jay Papansan So Good They Can’t Ignore You by Cal Newport Raising Private Capital by Matt Faircloth Own the Day, Own Your Life by Aubrey Marcus 59 Seconds by Richard Wiseman The Big Leap by Gay Hendricks High Performance Habits by Brendon Burchard Tweetable Topics: “The goal is to buy a house as cheaply as you possibly can and make it worth as much as you possibly can.” (Tweet This!) “With every hire you make, your business should make more money.” (Tweet This!) Connect with Brandon and David Brandon’s Instagram David’s Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

What rules govern your real estate investing strategy? For most, it’s a tough question to answer. But not for today’s guest, Paul Morris. Paul, co-author of the bestselling Wealth Can’t Wait, has been investing in real estate for more than twenty years and has never lost money, all because he abides by three simple rules. Today, Paul also discusses the power of mindset in building wealth, the key to investing in emerging markets, and much more. This episode will surely inspire, motivate, and educate you to continue your journey toward financial freedom. In This Episode We Cover: How Paul got into real estate investing Using syndication to do your deals The types of properties he is buying Stick with what you know The three rules Buying where you know How to buy in an expensive area The 24-hour city What’s the barrier of entry on real estate? What is an emerging neighborhood? An interesting story about a keynote speech What is hard work? 10x your goals How we affect others and vice versa Living life to the fullest Hire people who will love you And SO much more! Links from the Show BiggerPockets Forums House Hacking 101: How to “Hack” Your Housing and Get Paid to Live for Free BiggerPockets Money Show Tiger21 Mastermind Group BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn Books Mentioned in this Show You Can’t Teach a Kid to Ride a Bike at a Seminar by David H. Sandler Wealth Can’t Wait by David Osborn & Paul Morris Set for Life by Scott Trench The War of Art by Steven Pressfield The Influential Mind by Tali Sharot Fire Round Questions I just bought my 1st deal… now How soon can I buy my 2nd property? Is there a waiting period? Where can I find a private lender to fund my real estate deals? Tweetable Topics: “You can’t do everything on your own.” (Tweet This!) “You buy where you know.” (Tweet This!) “The thing that stops people form taking action is the fear of loss.” (Tweet This!) “Your net worth will never exceed your self worth.” (Tweet This!) “What got us here will not get us there.” (Tweet This!) “There’s a lot more hard money out there than there are good deals.” (Tweet This!) Connect with Paul Paul’s BiggerPockets Profile Paul’s Website Paul’s Instagram Profile Paul’s Twitter Profile Paul’s Facebook Page Email Paul Learn more about your ad choices. Visit megaphone.fm/adchoices

It has been a while since we discussed private equity on the show, so I was excited for this week’s conversation. My guest is Dan Rasmussen, the founder of Verdad advisers. Dan worked in private equity and has spent years studying the entire field. Dan identified several key drivers of private equity’s outsized returns: size, value, and leverage. His firm uses these factors as a starting point to build a portfolio of public equities that behave like their private brethren. We cover a ton of ground, discussing the prospective returns for equities, forecasting, and tons of investing strategies. Please enjoy this conversation with Dan Rasmussen.   For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag   Links Referenced Subscribe to Dan The Gospel According to Michael Porter Tobias Carlisle Steven Pinker E.O. Wilson   Books Referenced What Works on Wall Street, Fourth Edition: The Classic Guide to the Best-Performing Investment Strategies of All Time Quantitative Value, + Web Site: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors Expert Political Judgment: How Good Is It? How Can We Know? Superforecasting: The Art and Science of Prediction   Show Notes 2:03 – (First Question) – The current state of private equity investing        4:09 – The three myths of private equity  6:51 – Taking a deeper dive into the myth of growth through operational improvements 9:29 – What Works on Wall Street, Fourth Edition: The Classic Guide to the Best-Performing Investment Strategies of All Time  11:25 – Valuations for private market investment and where they’re going  14:03 – Private equity companies that have a higher chance of delivering results that exceed expectation  16:39 – Other observations on the private equity space that would be interesting to investors considering the asset class  19:33 – Importance of being very purposeful in picking your reference classes 19:42 – Subscribe to Dan  22:03 – How do the lessons Dan has learned in private equity translate to his investment strategies  25:21 – How do you apply purely technical, systematic thinking into public market investing  29:23 – Analyzing leveraged stocks and the value they could create  30:06 – How Dan thinks about the direction of debt vs just the level  33:11 – Predicting a firms ability to deleverage  35:20 – How Dan’s company whittle down a company and are able to see value beyond their quantitative screens  41:29 – How does Dan think about the global vs US opportunity set  44:22 – What originally drew Dan to the Japan market  47:03 – How do rising rates impact Dan’s strategy in investing in highly leveraged companies 55:03 – Porter’s five forces 55:25 - The Gospel According to Michael Porter 1:00:51 – How Dan thinks about competitive advantage 1:04:41 – Exploring Dan’s personal process in pursuit of his ideal strategy 1:05:19 – Quantitative Value, + Web Site: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors 1:05:20 – Tobias Carlisle 1:06:27 – Steven Pinker 1:06:28 – E.O. Wilson 1:07:11 – What other markets pique Dan’s interest 1:09:39 – Why there is such a focus on small for Dan 1:11:24 – Expert Political Judgment: How Good Is It? How Can We Know? 1:11:28– Superforecasting: The Art and Science of Prediction 1:12:54– What was it like writing the book 1:17:19 – If Dan was going to write another book today, what would it be about 1:19:08– Kindest thing anyone has done for Dan   Learn More For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag

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 flip Why he partners with real estate agents Why his partners need him His favorite deals and why The bad deals he’s encountered Thinking big when it comes to setting targets Who your friends are so important And SO much more! Links from the Show Path to Purchase (visit your dashboard) BiggerPockets Forums Gobundance Books Mentioned in this Show The Real Book of Real Estate by Robert Kiyosaki The Millionaire Real Estate Agent by Gary Keller The Millionaire Real Estate Investor by Gary Keller The E-Myth Revisited by Michael E. Gerber MONEY Master the Game by Tony Robbins A Journey to Financial Independence by Kevin Carroll Tweetable Topics: “Everything is based on relationships.” (Tweet This!) “I’d rather spend $2,000 more and get the flip done a week sooner.” (Tweet This!) “One of the important things you can do for a contractor is to pay them immediately.” (Tweet This!) “Who you hang out with will dictate your level of income, your level of success.” (Tweet This!) Connect with Kevin Kevin’s BiggerPockets Profile Kevin’s Website (with his spreadsheet) Learn more about your ad choices. Visit megaphone.fm/adchoices

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 should separate out the “business income” How he found his 42-unit apartment complex Tips on managing cold calling  What criteria was he looking for The advantages of having dedicated water lines for the units The beauty of adding value to properties What exactly a resident manager is Why building structures made the difference in their business How he financed this multifamily deal Using the BRRRR strategy on large multifamily And SO much more! Links from the Show BP Podcast 124: Building a Real Estate Empire At a Young Age with Jered Sturm BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast What Sets Apart Successful Real Estate Investors From Those Who Fail, Quit, or Never Get Started? (blog) BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat Buildium BiggerPockets Bookstore Books Mentioned in this Show The Book on Rental Property Investing  by Brandon Turner The Book on Managing Rental Properties by Brandon Turner and Heather Turner Traction by Gino Wickman E-Myth Revisited by Michael E. Gerber Tweetable Topics: “Self fulfillment is how can you be the best you can be while also helping others be the best they can be.” (Tweet This!) “We’ve over prepared for the future, and even though we’re still pretty small, we’re running like a large company.” (Tweet This!) “Management makes or break the investment.” (Tweet This!) Connect with Jered Jered’s BiggerPockets Profile Jered’s BiggerPockets Author Profile Jered’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

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

Ever wonder what real estate investing looks like from a real estate agent’s perspective? On today’s episode of the BiggerPockets Podcast, we sit down with Dawn Brenengen, a real estate agent-turned-landlord and discuss how she made the transition into the investing world, as well as her tricks and tips for success as a landlord. Along with important insight into the real estate licensing process, Dawn covers property management, house hacking, and a whole lot more! Listen for advice on finding a great property, handling everyday rental issues and finding that elusive “ideal” tenant. And in case you were wondering when it’s appropriate to bend the “2% Rule” — this episode explores that, too! Whether you have experience as a real estate agent or not, don’t miss this inspiring show! In This Show We Cover: How Dawn got started in real estate Thoughts on being a licensed real estate agent The qualities that make a successful agent A real estate agent’s perspective on what investors are looking for The 2% rule — and how to know when to bend it Importance characteristics of a great property The process of “house hacking“ What you need to know about property management How to handle tenant issues with grace The process of qualifying tenants Different perspectives on owning a home The ins and outs of establishing relationships with property managers The pros and cons of self management versus hiring the job out Tenant red flags and finding the ideal tenant Plus MUCH more! Links From the Show: The Real Estate Agent’s Ultimate Guide to Working with Investors Brandon’s article on House Hacking Podcast Episode with Chris Clothier BP Podcast Show 100 Resident Research List Hub Zillow Trulia CraigsList BiggerPockets Forum ActiveRain Be a Guest on the Podcast Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki Lean In: Women, Work, and the Will to Lead by Sheryl Sandberg I Shouldn’t Be Telling You This by Kate White Connect with Dawn Dawn’s BiggerPockets Profile Dawn’s Facebook Dawn’s LinkedIn Dawn’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we are excited to welcome a guest who specializes in an aspect of real estate that no other guest has covered before! John Fedro is a mobile homes investor out of the Austin Texas area who introduces us to all the incredible opportunities that one can experience in the mobile home arena. If you’re someone asking yourself, “What type of real estate investing should I do?” Than this show is for you! Throughout the show John gives incredible advice and insight that can be applied to any aspect of real estate. This is a perfect show for people looking to get started, regardless if you like mobile homes or not! This is one of the most actionable shows we’ve had so without further adieu, let’s jump into it! In This Show, We Cover: How to find deals no one else is looking for The in’s and out’s of mobile home investing What do you do when you look 15 yrs old and want to invest in real estate? Why mistakes are ESSENTIAL to your success in real estate John’s Creative finance on steroids! The importance of adding value and caring about motivated sellers Using Leverage to crush it when getting started How to Forget what people say and take action! How to screen incoming lead-calls  and much, much more! Links Mentioned 1 Trick for Being a LOUD and Proud Real Estate Investor One Small Simple Step To Growing Your Network and Increasing Your Influence The Top 100 Ways To Make Money In Real Estate Books Mentioned in the Show How to Win Friends and Influence People by Dale Carnegie Tweetable Topics “We can’t tell where lighting is going to strike but we can have several lighting rods in different locations.” (Tweet This!) “When starting out in real estate investing aim for the path of least resistance. ” (Tweet This!) Connect with John John’s BiggerPockets Profile John’s  Learn more about your ad choices. Visit megaphone.fm/adchoices

In today’s episode of the BiggerPockets Podcast, we are going to talk about something you may think is a bit boring… taxes.. BUT WAIT! Perseverance  Before you move on to go watch the latest episode of Dancing with the Stars… I promise you this interview isn’t going to bore you to tears, but in-fact could potentially save you thousands of dollars this year alone on your upcoming tax bill. Today, real estate investor and CPA Amanda Han is going to bring a TON of really great tips and advice to help you make sure you are making, and keeping, the most wealth possible. Additionally, this show is one of the most fun interviews we’ve done on the Podcast, so it definitely brings the once-boring topic of tax planning to a whole new entertaining level. No matter what stage of investing you are in – you definitely don’t want to miss this incredible show. Read the transcript for episode 49 with Amanda Han here. In This Show, We Cover: How to find a good syndication deal Important tax changes YOU need to know for 2013 and 2014 The Obamacare Tax – do you need to pay it? The loophole that allows real estate investors to write off “paper losses.” The new laws and tax changes that may limit your mortgage interest deduction When to talk to a tax strategist How to find a great CPA The biggest misconceptions about tax deductions What legal entity should you have? Things YOU need to do before the end of 2013 How to deduct your cat food? Investing with a Self Directed IRA Common tax mistakes that many investors make And much, much more. Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki The Four Hour Workweek by Timothy Ferriss Tweetable Topics When looking at syndicated deals, the #1 most important thing to look at is the syndicator, the team behind the deal. (Tweet This!) If you’re educating your accountant, it’s probably time to find a new one. (Tweet This!)  Connect with Amanda Amanda’s BiggerPockets Profile Amanda’s Company Website: KeystoneCPA.com Learn more about your ad choices. Visit megaphone.fm/adchoices

What will Apple do for an encore? What does the Greek bailout mean for the future of the EU?  Should investors take stock in Coke or Pepsi?  Our analysts tackle those questions and delve into earnings from General Electric, Intel,  McDonald's, and Philip Morris International.  Plus, CNET editor Rafe Needleman talks about some big trends in technology. Learn more about your ad choices. Visit megaphone.fm/adchoices