Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers.
Co-hosted by Brandon Turner, David Greene, and BiggerPockets founder Joshua Dorkin, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people.
Start listening and join the 1.3 million members who are learning to invest! Visit biggerpockets.com, and follow us on Instagram (@biggerpockets, @beardybrandon, @davidgreene24, @jrdorkin) and Twitter (@BiggerPockets, @BrandonAtBP, @DavidGreene24, and @jrdorkin).
Going into Multifamily When You’re Fairly New to Real Estate with Jamie Gruber
There’s a limiting belief that many people have: “I can’t do this thing because I have no experience”. Jamie Gruber disagreed with this line of thinking. Even with no multifamily experience, Jamie decided he wanted to be a multifamily investor. So what did he do? He started the Multifamily and More meetup to network with existing multifamily investors.
This didn’t mean that Jamie had no experience in real estate, he had a small portfolio of single family homes that he started to landlord by accident. Even with no experience in the multifamily space he was interested in, he was able to secure a deal with a member of his network.
Now with 21 chapters and 10,000+ members, Multifamily and More has become a big part of the multifamily investing community. It grew because, as Jamie describes, he added value, stayed consistent with meetings and postings, and built an online community that could network and interact (even during COVID).
Jamie gives his tips on starting a lasting community, how to navigate meetups during COVID lockdowns, finding the best partners for multifamily deals, and the importance of cash reserves when buying a property. Many single family investors want to transition to multifamily, if you’re part of that demographic, join Multifamily and More!
In This Episode We Cover:Turning your primary residence into a profitable investment instead of sellingThe importance of having cash reserves available when doing dealsHow to break through single family investing and start growing a multifamily portfolioWhat a business partner needs to see in you before they can offer you deals, money, or experienceThe difference between financing residential deals and financing multifamily dealsWhy you need to have a good operating agreement when partnering on dealsAnd SO much more!Links from the ShowBiggerPockets ForumsDavid's InstagramBrandon's InstagramBiggerPockets PodcastBiggerPockets Podcast 266: How We Used a Partnership to Buy 900 Units with Jake and GinoMeetup.comGobundance EmergeZoomBiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn Check the full show notes here: https://www.biggerpockets.com/show436
Why Successful People HATE Losing, But Aren’t Afraid to Lose with Scott McGillivray (Part 2)
Scott McGillivray is back for this second part of his amazing interview. Last time we talked about the nitty gritty of Scott’s investments, how he started to acquire houses, and building his empire. Now we’re touching more on the mindset of what makes Scott so successful, and how you can put yourself in his shoes.
Many people may know Scott from his HGTV shows, but maybe you didn’t know he was once in a boy band. Seriously. He took dance classes, convinced his friends to join him, and sold out some shows, but the takeaway from this short-lived boy band was priceless. If you see someone else finding success with something, use their blazed trail to find success yourself.
From his boy band, to being on student council, and even the passing away of a loved one, Scott learned valuable lessonsthat he took with him for the rest of his life, and now gets to share with the BiggerPockets audience.
Scott goes on to share a story that made him pivot the direction of his life as a teenager, and lead him to become the real estate mogul he is today. Scott goes through his top pieces of advice for young people and proves how planting seeds for investments early leads to acres upon acres of residual fruits for decades to come.
In This Episode We Cover:How Scott manages his hectic life between companies, shows, and familyWhy successful people aren’t afraid of failingWhat young or inexperienced investors should do when they feel scared of taking a riskWhy Scott says you “can’t lose money in real estate”The importance of talking to those who are older and have more experience than youScott’s top pieces of advice for young people just starting out their careersHow Scott runs his companies and what he’s doing to be a better leaderHow you can be the MVP of your company And So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeBooks Mentioned in this Show:E-Myth by Michael GerberBuilt to Sell by John WarrillowClick here to check the full show notes: https://www.biggerpockets.com/show435
How HGTV’s Scott McGillivray Started a Real Estate Empire with No Job, No Money, and No Experience (Part 1)
Do you like watching home improvement shows such as Income Property, Vacation House Rules, and Buyers Bootcamp? If so, you’re in luck! Joining us on the podcast is HGTV host Scott McGillivray! Scott has been hosting some of the best real estate investing and construction shows for over a decade now, and if you like BiggerPockets, you’ve probably seen an episode of one of Scott’s shows!
Scott’s investing career started long before his TV network deals. As a student in college, Scott accidentally stumbled upon his landlord’s mortgage statement of account. He realized that him and his roommates were paying a few hundred dollars over what their landlord was paying monthly for a mortgage. That was the lightbulb moment for Scott. It was time to get into real estate investing.
While in college with no job, very little money, and no experience, Scott bought a house and moved out of his rented room. Now he wanted more. Over the next few years Scott started amassing more and more rentals, taking as many financing options as he could get his hands on. By the time he was 25, he already had 25 units and a significant amount of profit coming in every year.
This only pushed Scott to strive for bigger and better deals. Now Scott owns hundreds of rentals, and spends his time between Florida and Canada, finding more deals, and fixing up more rentals.
Scott is a tried and true investor, one who has gone through different market swings, different fads, and many different tenants. While he’s only in his early 40s, he has amassed an extensive knowledge of the real estate space. It’s no surprise he’s one of Brandon’s real estate heroes!
If you liked this episode be sure to tune in this weekend for part 2 of Scott's interview!
In This Episode We Cover:When is the best time to get started in real estate?Why most people are scared to invest, and what pushes them to finally do itAmassing a small real estate empire even while you’re youngHow to take advantage of financing offers and how Scott closed on 8 houses in the same dayWhy you need to give your investing career time to start rollingWhat a “double offer” is, and how you can use it to beat others to a dealWhy you should take action even when the market is uncertainThe ScottMc MethodAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets ShirtBiggerPockets PodcastIncome Property ShowGrant CardoneBrandon's Guesting in Scott's PodcastCheck the full show notes here: http://biggerpockets.com/show434
You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses
You may have heard a speech from Ed Mylett (AKA the greatest speaker of today) sometime before this episode, but maybe not like this. For those who don’t know, Ed Mylett is a renowned speaker, entrepreneur, real estate investor, author, and podcaster. He has started businesses worth millions and continues to teach entrepreneurs through his personal brand.
What many people don’t know is how much Ed loves real estate. That’s right, you heard it first on BiggerPockets! It’s not the speaking, writing, and podcasting, it’s owning cash flowing properties. As a matter of fact, he just closed on one recently with his son and did an astonishing $100 million in real estate deals in 2020.
Ed emphasizes the importance of faith, generosity, and most importantly, setting your life at a high standard. These seem to be the key thought processes that many other successful entrepreneurs have, and again proves Ed’s point on their importance.
It’s not easy being in real estate, especially when the deals get big (we’re talking $25M+ deals). Ed cautions young investors to not bite off more than they can chew, or as he puts it “don’t take a loss where you can’t fight again”. In a world full of mega-leveraged investment opportunities, this might be the advice new investors need to feel confident going forward.
This episode also dives into the importance of having a purpose, whether related to faith or not, and how you need to chase the life you want, set your standards high, and do the most impactful things to accomplish them.
Links from the ShowBiggerPockets PodcastBiggerPockets book store#Maxout Your Life WebsiteBooks Mentioned in this Show:#Maxout Your Life by Ed MylettE-Myth by Michael GerberClick here to check the full show notes: https://www.biggerpockets.com/show433
From $0 to $1,000,000 in 5 Years: The 4 Steps to Gain Millionaire Net Worth with Brandon and David
Everyone wants to be a millionaire, and if you’re listening to this episode, you probably want to be one as well! With so many online gurus trying to sell their secret to success, it can be hard to distinguish the real from the...not so real.
On this episode, we’re lucky enough to have two millionaires with us! Brandon Turner and David Greene! Brandon and David have compiled a list of 4 traits that all millionaires possess, and if you can possess these traits too, you’ll be on your path to millions. These millionaire traits aren’t just exemplified in Brandon and David, these traits tend to be universally consistent across self-made millionaires.
This episode will also touch on mastery and how you can not only achieve it, but refine it using the 4 stages of mastery. Stuck on a deal, don’t know where to go next in your career, thinking of jumping ship on a project? List down these 4 stages and see where you stand, you’ll be able to see what you need to do to go on to achieve greater mastery in whatever you’re interested in.
Since it’s the start of the year, it’s a great time to look forward with not only hope, but a plan. Take your existing plan and see where these traits and stages fit into your life, where you’re lacking, and where you can do better. This is how you’ll achieve success and the coveted millionaire status.
In This Episode We Cover:What sets apart millionaires from those chasing millionsThe 4 common traits of a millionaireDeveloping your crystal clear criteria for investing in real estateThe importance of raising standards over time to achieve moreWhy tracking your personal AND business life can merge to benefit your entire lifeThe 4 stages of mastery that will make you into a millionaireAnd SO much more!Links from the ShowBiggerPockets ForumsRamit Sethi Will Teach You to Be Rich! – BiggerPockets Money Podcast 73BiggerPockets Money Podcast 127: Planning for the Unexpected: Being Financially Ready to Take Advantage of Opportunities with Ramit SethiBiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason DreesBiggerPockets CalculatorsBiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew CushmanBiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian MurrayBiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray Check the full show notes here: https://www.biggerpockets.com/show432
How to Make Trade-offs in Your Life (Before Others Do it For You) with Greg McKeown
Your agent is calling you to show you houses, your boss is emailing you about some work to do, your partner wants to grab dinner, and you want to take a nap. How do you prioritize things in your life when everything seems so important? The key is essentialism.
Joining the podcast today is Greg McKeown, Author of Essentialism: The Disciplined Pursuit of Less. Greg relates to the struggle of many entrepreneurs and investors: too many options, not enough time. Instead of telling you to wake up at 5 AM, take a cold shower and work until 10PM, he presents a far more effective (and simple) approach.
What Greg suggests: pick the things you care most about, do them, and don’t worry about the rest. But how do you pick when everything seems essential?
The answer: almost everything else besides your core cares/needs aren’t essential. If you begin to treat the non-essential as essential, you stretch yourself too thin, not allowing you the time to accomplish what truly is...essential.
In the modern age, many of us feel like we don’t have time to accomplish everything we want. When we get laser-focused and put the principles of essentialism in our daily lives, we can accomplish more than ever.
In This Episode We Cover:What is essentialism?How to designate the non-essential from the essential tasksWhy having too many good options puts us in a dangerous positionHow to find out which tasks deserve delegation or deletionDeveloping the courage to say “no”Finding an accountability partner so you’re locked in for successWhy Brandon wants to spend less time on TiktokAnd So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeEssentialism book WebsiteStickK App. How to turn goals into a realityClick here to check the full show notes: https://www.biggerpockets.com/show431