Transcript of 420: Finding the “Sweet Spot” in Multifamily: Scaling to 150+ Units with David Grabiner
David Grabiner takes the term “long distance investor” to the extreme. While he was a hospital administrator in the Democratic Republic of Congo, he was calling real estate agents in Chattanooga, Tennessee trying to scoop up multifamily deals.David started out by partnering up with his father, buying a quadplex that helped him get his initial training in property management. He later scaled up his and his father’s investment portfolio to 24 units, and then, within 3 years, scaled up his own investments to 150+ units!This meant that David had to quit his job and go full-time into real estate investing. He did it, and he isn’t looking back! Now David is a deal-finding machine, buying directly from listing agents and becoming one of the go-to multifamily investors in Chattanooga.Whether you own one single family home, a dozen duplexes, or hundreds of apartment complexes, you’ll take something away from David’s in depth discussion on property management, landlording, and tenant screening.In This Episode We Cover:Finding your “unfair advantage” and how it can help your investing careerApproaching different investors with different points of viewThe importance of networking for off-market dealsWhy you shouldn’t be scared to be “the owner”, and actually use it to market yourself to othersHow to find, screen, and keep tenants in placeHow you can quickly increase a property’s value (simply by being a great property manager)Finding the “sweet spot” in multi-family dealsSetting up systems for automated property management (so you can scale!)And SO much more!Links from the ShowBiggerPockets ForumsDavid's InstagramBrandon's InstagramBiggerPockets PodcastBuildiumCollegedale Credit UnionBiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy PapasanBiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris VossRent ManagerCheck the full show notes here: https://www.biggerpockets.com/show420
- 01:18:58
- 1.5K views
- Published about 5 years ago
Transcript of 416: 29-Year Old Making Nearly $1M in Passive Real Estate Income (3 Years In!) with Matt Onofrio
Many investors look at commercial real estate as a high-risk, confusing, and sometimes scary way to invest. Our guest today shows us why this isn’t the case. In fact, he did a multi-million dollar deal in his first year in real estate!Minnesota-based health care professional Matt Onofrio helps us break down the stigma behind big commercial deals. From financing, taxes, mentorships, and more, Matt shows how someone from a completely different field can thrive in real estate... even with no prior knowledge of the space.You may want to bring a notepad and pen, as Matt walks us through advanced strategies such as reverse 1031 exchanges, seller carrying, cost segregations, and triple net leases. Whether you’re looking into commercial or residential real estate, this is a can’t-miss episode.In This Episode We Cover:Locking up your first deal with $0 How commercial real estate can not only be profitable, but safer than residentialThe importance of your inner investor/mentor circleWhether residential or commercial real estate works for your mindsetOffensive vs. Defensive real estate strategiesCreating income producing debtBuilding your “vivid vision”How coaching can take you from good to great What spirit animal David, Brandon, and Matt areAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason DreesBiggerPockets Podcast 209: Flipping 83 Homes in the Last 18 Months with Kevin CarrollGoBundanceBiggerPockets Podcast 352: No Driver’s License, No Money, No Excuses: How Diego Corzo Blazed a Trail to 18 DoorsBiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal ElrodCheck the full show notes here: http://biggerpockets.com/show416
- 01:07:12
- 2.7K views
- Published about 5 years ago
Transcript of 405: Investing in the Only True Recession-Proof Asset: Yourself! with Lewis Howes
Do you have fears and insecurities that hold you back from the life you envision? No? OK, well we'll see you next week... But really: this topic gets to the heart of why so many real estate investors quit, fail, or never even get started at all.Today's guest, Lewis Howes, has been studying these concepts for the past 13 years as host of the hit podcast School of Greatness. It all started as an effort to climb out of a major low point in Lewis' life, when he was broke and sleeping on his sister's couch... having crashed out of a brief arena football career.In this episode, you'll learn how Lewis learned to hack his self-limiting beliefs by systematically putting himself in situations (Toastmasters, salsa dancing, public speaking) that utterly terrified him. And he shares some practical exercises you can do to achieve greater confidence and self-mastery.Plus -- as a LinkedIn expert with a far-reaching network of connections, Lewis also opens up about how to effectively network on social media and elsewhere.Don't miss this weekend episode of the BiggerPockets Real Estate Podcast, and give Lewis a shout on social media you take him up on his challenge to write a mission statement for your life!As always: if you're enjoying these shows, the best way to show your appreciation is to rate and review us on Apple Podcasts. It really helps us out!In This Episode We Cover:Climbing out of a hole when he had no money and no marketable skillsOvercoming fear of public speakingTwo practical exercises to confront your biggest fearsThe clarifying power of writing a personal mission statementThe LinkedIn message formula Lewis used when reaching out to powerful peopleChoosing a niche, then a sub-nicheThe 3 magic words that multiply your chances of getting a deal or upgradeThe one common trait shared by all the top performers he's interviewedAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets PodcastUSA Men’s National TeamEllen’s ShowThe Today’s ShowLinkedInRookie of the YearLewis's Interview on Jay Shetty's Show On PurposeDave RamseyGrant Cardone on Multifamily Investing and Why You Should Never Buy a House!BiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason DreesSweet Martha's Cookie JarKevin Hart on His Secrets to Success and Building an EmpireMonday.comRob BellReal Estate in Your TwentiesBiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal ElrodBiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of MentorsGary Vaynerchuk on Finding Deals Through Social Media & Crushing It as an EntrepreneurClick here to check the full show notes: https://www.biggerpockets.com/show405
- 01:26:18
- 1.5K views
- Published about 5 years ago
Transcript of 404: How a Mailman Was Able to Quit His Job Through Real Estate Investing with George Gipson
We frequently talk about networking as a real estate investor: for example, talk to your mail carrier because they likely have seen opportunities in your neighborhood. But what if you are the mail carrier?Today’s guest, George Gipson, worked for the USPS when he started investing, which seems like the perfect opportunity for finding deals. But as with any start in real estate investing, it isn’t always as easy as it seems.In today’s episode, we talk about taking action and committing to yourself - to ensure that those key opportunities actually work in your favor. We also talk about how important it is to learn your personal finances before diving into investing, plus how George used house hacking and short-term renting to reach financial freedom at an early stage of his investing. He’s even quit his job at USPS now so he can focus full-time on real estate. This is a real story about getting it done and seeing your own potential.In This Episode We Cover:Investing that doesn’t meet your standard rules of thumbOvercoming issues that might be deal-breakers for other investorsLiving for free through house hacking and short-term rentingSetting up your short-term rentals for successUtilizing your network to find dealsPushing through your commitment to yourself, even when it isn’t easyFinding the path in life that’s right for youAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets PodcastBiggerPockets MarketplaceRealtorZillowTruliaBiggerPockets Podcast 393: Campus Maintenance Man to $10M in Real Estate Owned with Rick JarmanBiggerPockets ShirtCheck the full show notes here: http://biggerpockets.com/show404
- 01:09:26
- 1.5K views
- Published about 5 years ago
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).