The BiggerPockets Real Estate Investing Podcast

Looking to find financial independence through real estate but don’t want to be responsible for a portfolio of 100 homes? Well, that’s exactly what today’s guest is doing!

Jenny Bayless is a real estate investor in Colorado who is using long-distance investing principles to systematically build a portfolio of cash flowing properties using the BRRRR method! Jenny is absolutely crushing it by “making” deals in today’s tough market and shares what she looks for that other investors miss.

Learn her system for targeting fixer-upper properties, how she estimates rehab costs, and the method her real estate agent uses to send her videos of potential properties so she doesn’t have to drive hours to see them. Jenny also shares how she uses hard money to buy “cash,”  how she found a rockstar agent, and how she backed into an “accidental BRRRR” that led to future success!

Today’s episode is equal parts inspirational and practical with TONS of actionable advice. If you want to retire early with real estate but don’t want the headache of managing 100 homes, don’t miss this show!

 

In This Episode We Cover:

  • Long-distance principles Jenny uses to invest near her market
  • How Jenny uses the BRRRR strategy to systematically grow her portfolio
  • Ways to chase financial freedom without a monstrous portfolio
  • How she has an agent do her due diligence for her
  • The strategy she uses to "make" deals in a today’s tough market
  • Her opinion on how to use turnkey properties to get started investing
  • Ways to start with fixer-upper properties to get great deals in a hot market
  • How she uses hard money to buy “cash” deals
  • How she estimates rehab costs before writing offers,
  • Her “accidental” BRRRR story
  • How she’s pursuing financial independence with only 10 homes!
  • And SO much more!

Links from the Show

Direct download: bpp-310.mp3
Category:general -- posted at: 12:00am MDT

Have you ever considered flipping houses for cash but aren’t sure where to start? If so, today’s episode is perfect for you! Brandon and David interview Steven Pesavento, a long distance flipper who’s doing 75 deals a year. Steven shares several of his tips for success, including just what he does to keep his pipeline full of deals, how he follows up with qualified leads, and the strategy he used to get good at closing deals working for someone else!

You’ll love Steven's system for choosing the best market to flip in, how he systematically ramped up his business, and how he built a team from the ground up (including each team member’s job title and description)! This episode is chock full of specific, actionable advice that will apply to newbies and experienced pros alike. Download and listen today!

How he finds his deals, where he is consistent and wins the long game, how he flips 75 houses a year, when to grit and when to quit, how to know when it's time to ramp up your business, how to build and scale your business, the order in which you should hire, what makes up an all-star team, why repetitions are so important, and what to look for in a partner to help grow your business.

 

We’ve created a turnkey real estate guide just for Bigger Pockets podcast listeners! This easy, downloadable guide will give you everything you need to know about real estate investing. Visit Memphis Invest today.

In This Episode We Cover:

  • Steven's background and how he got into real estate
  • Learning through modeling successful investors
  • The very first deal (which was not that great)
  • How he set his goals
  • Knowing the right time to get serious
  • Direct mail and other marketing methods that worked for him
  • Partnering with great people
  • From zero to 75 deals within two years
  • Raising money from private investors
  • Renting his personal home on Airbnb to pay the bills
  • Living frugally to get the business running
  • Not taking a paycheck until year two so he could invest in people and growth
  • And SO much more!

Links from the Show

Direct download: bpp-309.mp3
Category:general -- posted at: 12:00am MDT

Would your life be positively impacted by owning over 400 rental units? What if you could get there in under four years? On today’s show, we interview BiggerPockets contributor Sterling White, who has managed to do just that! Sterling shares how he started his entrepreneurial journey selling Pokemon cards and eventually worked his way up to owning over 150 single family properties (and several multifamilies as well). He also shares how he finds 90-100% of his properties OFF MARKET using a five-step system for finding and closing on them (so simple anyone can do it), as well as the script he uses when speaking directly to sellers. You don't want to miss his powerful secret for building rapport with potential leads (by sending a specific puzzle to them in the mail) and how he raises money to close on these properties. If you want to scale your business and want the blueprint for how to do it, don’t miss this powerful episode!

In This Episode We Cover:

  • How Sterling got into real estate, working for free just to learn
  • Negotiating equity: What is it?
  • Why you possibly shouldn’t go the wholesaling route
  • The benefit of focusing on your strengths
  • How to work with your family and friends and branching out from there
  • How he finds deals—cold calls mixed with direct mail
  • Why he sends Rubik’s cubes to prospects
  • Tips for creating a network of investors by building a funnel
  • What his team looks like
  • And SO much more!

Links from the Show:

 

Direct download: bpp-308.mp3
Category:general -- posted at: 12:00am MDT

Raise your hand if this describes you:  You start working toward a new goal with excitement… only to watch it eventually fizzle out to nothing?  If you’re human, it’s likely you’ve experienced this phenomenon. Why is it some goals are just so hard to accomplish, where others we seem to accomplish with ease? On today’s episode of The BiggerPockets Podcast, that’s exactly what you’ll discover. Diving deep into psychological research on goals, motivation, and time management, Brandon and David will pull back the curtain on how people set and accomplish big goals and give you a “GPS” toward changing your life forever. If there is one episode you listen to all year… let it be this one!

In This Episode We Cover:

  • The real estate G.P.S. system
  • GOAL
    • Specific
    • Difficult
    • Feedback
    • Commitment
    • Training your reticular activating system
    • Make sub goals
    • Reward yourself for small wins
  • PLAN
    • Why humans need processes and steps
    • Lead measures vs. leg measures
    • Learn the L.A.P.S. system on finding deals
    • Keystone habits
  • SCHEDULE
    • Schedule meet-ups
    • Set the behavior, time, and location
  • ACCOUNTABILITY
    • Why you may want to join a group that meets weekly with clear structure
  • And SO much more!

Links from the Show

 

Direct download: bpp-307.mp3
Category:general -- posted at: 12:00am MDT

1