Host Joshua Dorkin is an entrepreneur, most notably the Founder & former CEO of BiggerPockets. Josh is also host of the BiggerPockets Podcast (80 million downloads) and the Undeniably Curious Podcast, an Author, a real estate, startup investor, and father of three.
In today's episode we open up the phone lines again to field your real estate investing questions... and for an added twist, we bring in the familiar voice of author, BiggerPockets Business Podcast host, and house flipper/investor extraordinaire J Scott.You'll hear callers chime in with questions like: 1) "Help me get started" 2) "should I partner with family members?" 3) "How do I transition from single family to multifamily" – and much more! From refinancing and the finer points of BRRRR... to mentorship and long-distance investing... It's all here!Tell Brandon and David what you think of this new format in the show notes at biggerpockets.com/show397. We want to hear from you, too!
No one knows where the real estate market is headed next... but with an estimated 30 million Americans out of work, wouldn't you like to know how to buy foreclosed properties, step-by-step?That's what you'll learn today, from two investors who have completed over 1,000 deals each: David Osborn and Aaron Amuchastegui. They begin the show by sharing their thoughts on today's economy (hint: they've kept plenty of cash cash on hand), then walk us through their 5-step process for successfully bidding on foreclosed properties at auction.From building a list of properties, to lining up funding, to checking title and actually making your bid, you'll learn how David and Aaron (+ thousands of other investors) built serious wealth buying up distressed properties after the last big crash. This skill set is another tool to add to your tool belt, and whether there's another wave of foreclosures coming or not, you can use it to build serious wealth.For more, pick up a copy of David and Aaron's new book, Bidding to Buy: A Step-by-Step Guide to Investing in Real Estate Foreclosures. And check out the show notes at biggerpockets.com/show396 for a transcript and other resources.In This Episode We Cover:The impact of COVID-19 on various assetsWhy David Osborn is keeping a heavy cash position How the foreclosure process works (notice, etc.)What a foreclosure auction (sometimes called a "trustee sale") isThe 5 Steps to buying at auctionWhy it's so important to drive by every property you plan to buyAaron's first auction experience as a newbieHow to deal with a lien on a propertyAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets PodcastKeller WilliamsBiggerPockets Podcast 353: Turning $5K Into $5K/Month and Retiring at 40 with Tim RhodeGoBundanceAuction.comRoddy's Foreclosure ListingAuction TexasBiggerPockets Analysis CalculatorsBiggerPockets Podcast 385: Once Homeless, Now Investing in an Expensive Market (With No Money of His Own) With Greg GaudetReal Estate Rockstar PodcastBiggerPockets Money PodcastReal Estate Rookie PodcastBiggerPockets BusinessBiggerPockets BookstoreCheck the full show notes here: https://www.biggerpockets.com/show396
Today: a no-excuses, American Dream story that will get you fired up to go hunt down a deal!Thach Nguyen is an investor and agent in the Seattle, Washington area. When he was a kid, his family fled Vietnam for the U.S... he later parked cars at a Chinese restaurant... and despite becoming a top-producing agent building a monster portfolio of paid-off rental properties, he's still hungry and shows no sign of slowing down.In today's episode, Thach (pronounced "Thatch") shares the lessons he learned during the Great Recession, his criteria for buying a "perfect BRRRR"... and why he says there's no shame in living with mom and dad to save money!Plus, the guys discuss the pros and cons of paying down mortgages, the psychological advantage of owning your primary residence free-and-clear, and Thach's favorite (free) lead generation strategy.We think you'll love Thach's energy; he thinks big and will motivate you to do the same. Give him a follow (IG: @thachnguyen) and let us know what you think of this episode!In This Episode We Cover:How Thach created $100k/month (!) in rental incomeWhy he's focusing on the affordable housing nicheBuying townhouses in Seattle, WABuying a "micro-apartment" building in Oakland, CAAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets PodcastBiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe AsamoahHow To Start Thinking Like A Big Time Real Estate Investor (Video)Tarl Yarber
Ever considered partnering up with your spouse or another family member?Today's guests Elliot and Chrissy Smith did just that when they left stable careers to flip, wholesale, and buy rental properties together in Washington state.Running the business together wasn't easy on their marriage. In fact, they almost got divorced. Fast forward to today... they're happy, doing 25 deals/year, and building long-term wealth by steadily buying rental properties.So, what adjustments did they make?In this episode Elliot and Chrissy share what they've learned about defining roles, managing cashflow, and finding work-life balance as young parents who happen to be business partners. It's a rare inside look at the ups and downs – and risks and rewards – of running a true family business.As die-hard fans right remember from his appearance on Show #255, Elliot is a skilled negotiator... and today he shares a surprisingly simple negotiating tip for those nerve-wracking kitchen table conversations with homeowners.Look: you gotta love a couple who hires a babysitter just so they can drive around looking for distressed properties (a move which led to today's Deal Deep Dive). So check out this episode, and share it with your spouse, friend, or family member who you think might enjoy it!In This Episode We Cover:How Elliot and Chrissy divided their business into "lanes" Their first taste of success with direct mail Leaving full-time jobs to pursue their dreams in real estateDangers to be aware of when teaming up with your spouseShowing a seller the math behind your offerPlowing the cash from their flips into buy-and-hold rentalsUsing the same exact same materials on every flipIncentivizing a contractor by offering a profit shareWhy they've slowed down their marketing in recent monthsElliot's cold call center for real estate investorsAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets PodcastBiggerPockets Podcast 255: Six-Figure Real Estate Investing in Just 20 Hours a Week with Elliot SmithJason DreesBiggerPockets WebinarsTarl YarberAudibleBiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael GerberCheck the full show notes here: http://biggerpockets.com/show394
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Creator Details

Birthdate
Feb 10th, 1976
Location
Denver, Colorado, United States of America
Episode Count
494
Podcast Count
21
Total Airtime
3 weeks, 2 days
PCID
Podchaser Creator ID logo 536691