BiggerPockets Real Estate Podcast

In this special half-episode, David reads from Chapter 2 of the brand-new book he’s written on the BRRRR strategy. This particular passage goes to the heart of what makes BRRRR work: buying great deals. So how do you pull that off? In this chapter, David reveals: what he looks for when targeting properties, how to practice analyzing deals so you won’t be afraid to pull the trigger, and how to find team members and align their incentives with yours.

Order “Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple” today at www.BiggerPockets.com/BRRRRbook. Physical copy, eBook, or audio version (read by a professional narrator) are all available. Or you can also get EVERY format if you order the Ultimate Package. That includes the exclusive eBook, “Long-Distance BRRR,” a bonus video on how to interview and hire a great contractor, and access to a live Q&A webinar with David.

In the meantime, enjoy this bonus episode!


It’s here—THE book on BRRRR! And who better to write it than the leading authority on this strategy: our co-host David Greene.

In this episode, he breaks down exactly how to “Buy, Rehab, Rent, Refinance, and Repeat” your way to wealth.

David reveals how BRRRR allows him to force equity, leverage the talents of others, and recycle his capital so he didn’t have to keep working 100-hour weeks as a police officer.

You’ll learn about the velocity of money, the “core four” players every BRRRR investor needs on his or her team, and the way to eliminate fear by taking a cold, hard look at the numbers.

David also explains how this strategy can reduce capital expenditures and how to come to the bargaining table with a cash offer that puts you in the driver’s seat.

He also addresses some common objections, including the notion that it’s difficult to influence the appraised value of your rehabbed property. Plus, you won’t want to miss the "Deal Deep Dive" where David goes into detail about one of his recent real-life BRRRR deals.

Whether you’re brand new to this method of investing or are looking to fine-tune your BRRRR skills, this episode will provide you with a ton of value. Still, we only cover part of what’s in David's book, so check it out on the BiggerPockets Bookstore.

In This Episode We Cover:

  • Who David is
  • Defining and explaining BRRRR
  • Discovering the main benefits to BRRRR
  • How to increase your ROI
  • Understanding what increasing the velocity of your money is
  • Getting good at what you do
  • How to decrease risk by building equity and pulling capital
  • How to scale to financial freedom faster
  • Ways to lower CapEx expenses
  • And SO much more!

Links from the Show

Direct download: bpp-327.mp3
Category:general -- posted at: 12:00am MDT

What does true wealth mean to you? Maybe it’s having control over your time or having the means to donate part of your income to charity. Maybe it means feeling healthy enough to jump out of bed and attack the day.

In today’s episode, Brandon, David, and Josh (remember him?) speak with three financially independent investors about what motivated each of them to work so hard toward their goals.

Early in their careers, David Osborn, Pat Hiban, and Tim Rhode realized they shared a common goal: to steadily accumulate streams of passive—or as they call it—“horizontal” income. So they got together and made a serious commitment, vowing to hold each other accountable every step of the way—even if it meant dishing out some tough love.

In this episode, you’ll learn how finding an accountability partner can change the trajectory of your career and life, and how giving time and money can not only make you feel better but also make you more wealthy. You’ll also learn how David, Pat, and Tim built dozens of streams of income by living below their means, connecting with the right people, and taking advantage of opportunities.

This is a must-listen if you've ever asked the question, “Why am I working so hard, anyway?” You’ll come away from this episode motivated to hold yourself and your loved ones accountable so you can reach your goals together.

Download it today!

In This Episode We Cover:

  • The background of these founders
  • The story behind the three amigos and the founding of GoBundance
  • The Pillars of GoBundance
  • Having a genuine contribution
  • Having authentic relationships
  • Having extreme accountability
  • Having horizontal income
  • Having age-defying health
  • Having bucket list adventures
  • How to reach your financial goal
  • Finding motivation to earn and grow more
  • And SO much more!

Links from the Show

 

Direct download: bpp-326.mp3
Category:general -- posted at: 12:00am MDT

Awesome show alert! Today’s guest is so full of information you will be blown away.

Aaron Amuchastegui sits down with Brandon and David and explains how he buys 20 deals a month while practicing principles of the four-hour workweek. It's an incredible story about how he built a big business with foreclosures, how he keeps his pipeline full (including how he buys deals at auctions), how he does due diligence, and how he tracks down owners of vacant properties.

You won’t want to miss his advice on owning C- or D-level properties, how he uses flip profits to fund a business that acquires rentals, and—most importantly—how you can lose money in real estate even if you’re buying great deals.

This episode is full of more powerful insight than we can begin to mention. Aaron is a big-time real estate investor who has gone from rags to riches, to rags to riches again. Tune in to hear him share everything he learned along the way.

Download today!

In This Episode We Cover:

  • How he got into real estate investing
  • Buying at an auction
  • The different types of auctions
  • How to approach and talk to cash buyers
  • The moral aspect of real estate
  • How to do title research
  • A big surprise after buying a sight-unseen house
  • Bouncing back from losing everything he built
  • Why he thinks flipping is a job
  • And SO much more!

Links from the Show

Direct download: bpp-325.mp3
Category:general -- posted at: 12:00am MDT

Do you want to invest in multifamily apartments but feel intimidated by the process? If so, today’s episode is for you!

Brandon and David interview Michael Blank, an experienced multifamily investor/educator, who breaks down the seemingly daunting process into super simple steps.

Don’t miss Michael’s advice on how to get started in the space, how “the law of the first deal” will increase your odds of success, and how multifamily investing can lead to financial independence in five years. You’ll also love learning common multifamily vocabulary, what an ideal property looks like, and how to develop relationships with potential investors.

Michael also shares incredible insight into how he built his empire, as well as his top two negotiating tactics and “three levers” to successfully negotiate a multifamily deal!

This is one of THE most informative shows we’ve ever done. Download it now!

In This Episode We Cover:

  • How he got started and why he recommends multifamily investing
  • Scaling his business despite running out of of time
  • What is “the law of the first deal” 
  • The multiple ways syndicators make money in a deal
  • Common multifamily terms and what they mean
  • How to improve the value of a multifamily property
  • What an ideal deal looks like
  • Developing pre-existing relationships with potential investors
  • Why cash flow is so important in multifamily
  • His top two negotiating tactics
  • How he bought a 321-unit building, how he BRRRR-ed a multifamily building, and returned 96 percent of their investors’ capital in the process
  • His “three levers” to negotiate in a multi family deal
  • And SO much more!

Links from the Show

Direct download: bpp-324.mp3
Category:general -- posted at: 12:00am MDT

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