DiscoverThe BiggerPockets Real Estate Investing Podcast#311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J Scott
#311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J Scott

#311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J Scott

Update: 2019-01-0313
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Are you a real estate investor concerned with the potential of a shifting economy? These concerns are understandable, and today’s guest has some great techniques for both protecting your money and taking advantage of deals in any market!

J Scott, author of The Book on Flipping Houses and How to Estimate Rehab Costs shares his valuable insight when it comes to predicting market changes, adapting to shifting markets, and changing your strategy to adapt to a changing economy! Don’t miss Jay’s 6 rules for flipping houses, what exact economic indicators he looks for to predict an upcoming recession, and his 6 rules for preparing for an economic recession.

J is one of the most respected minds in the real estate game, and today’s show is jam packed with the wisdom, advice, and knowledge you need to position yourself where you want to be in a shifted market to make big gains in your portfolio!

In This Episode We Cover:

  • J. Scott's story on how he got into flipping houses
  • How his business evolved over the past 10 years
  • Market cycles and market indicators to look for
  • Why unemployment is an indicator
  • The "yield curve"
  • The Buffet indicator
  • His 6 rules for investing in this market:
    1. Be certain of your numbers
    2. Stay away from long rehabs
    3. Have a backup strategy
    4. Avoid thin deals
    5. Keep clear of leverage at all cost
    6. Stay away from the high end vacation rentals
  • 6 ways to prepare for any market:
    1. Hoard cash
    2. Open as many credit lines as possible
    3. Build credit
    4. Figure the "worst case drop"
    5. Restructure short-term debt
    6. Don't chase your losses
  • And SO much more!

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#321: How to Negotiate Real Estate—Expert Deal-Making Tactics with J and Carol Scott and Mark Ferguson
Would your real estate investing business benefit from better negotiating tactics? Of course it would! On today’s show, Brandon and David sit down with J and Carol Scott, as well as Mark Ferguson, co-authors of the new BiggerPockets book The Book on Negotiating Real Estate. The authors discuss several powerful negotiating strategies, plus common misconceptions about negotiating, how “winning” in negotiating doesn’t always mean the other side is losing, and how the best deals are done through building rapport (with examples of how to do just that). You won’t want to miss their tips on how to prepare for a negotiation beforehand—something that’s made them hundreds of thousands of dollars over the years—and how to negotiate with your own contractor to get the best prices possible! This episode is full of advice to help you, the investor, save money and get deals. If you want to experience better results getting what YOU want out of a deal, download this one today! In This Episode We Cover: Introducing J, Carol, and Mark Common misconceptions about negotiating How winning doesn’t always mean the other side losing The right mindset when it comes to negotiating How building rapport can get you deals Learning to shift the negotiation off of price and into something else Tips in preparing for your negotiation beforehand Negotiating with your contractor to get the best deal possible The tip that’s made them hundreds of thousands of dollars over the years How they closed on a deal using negotiating tactics to lower the price on an already great deal And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Brandon's Instagram Be a Podcast Guest BiggerPockets Podcast 311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J Scott BiggerPockets Podcast 010 : Flipping Houses 101 with J Scott BiggerPockets Podcast 068: Being a Superhero House Flipper, Investor, and Team Leader with Mark Ferguson The Best Ever Conference BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber
#320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason
Imagine building a business around work you’d do for free. Sound pretty great? Today’s guest has done just that, and her story may change the way you think about investing. Brittany Arnason is a 26-year-old who’s converted her talent for hands-on work into a cash-flowing, 10-unit rental portfolio. In this episode, Brittany shares how she learned the business of real estate and construction as a small child, bought her first property for $25,000, and worked on it herself to save money and learn the business. She goes on to reveal her DIY secrets for adding value at minimal cost, how she applied skills she learned at her 9 to 5 to make her a more successful investor, and how she operates as a woman in a male-dominated industry. Brittany has an incredible energy, spark, and passion for real estate, and it is infectious. Don't miss how she uses creative strategies to finance her deals and the BRRRR method to fund unlimited projects. This is an episode that will leave you pumped up and ready to go get your next (or first) deal. Download it today! In This Episode We Cover: How Britt got her first rental property at the age of 18! Quitting her job as a power engineer Pros and cons of doing your own work The Lifeonaire Strategy Things that make a huge impact in a property Using personal line of credit to fund deals What is a Step Up mortgage Doing BRRRR strategy with her boyfriend Finding deals through realtors and MLS How she learned DIY skills from the internet And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Brandon's Instagram David's Instagram Chip Gaines Joanna Gaines #HumboldtHouse🏡 Realtor.ca Pinterest BiggerPockets Calculator Rehab Estimator Calculator BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors Gary Vaynerchuk on Finding Deals Through Social Media & Crushing It as an Entrepreneur
319: Avoid These Common Newbie Mistakes! Hard-Earned Lessons from Nathan Brooks
How does finding and closing 15 deals a month sound? Today’s guest shares exactly how his team does just that! Returning guest Nathan Brooks goes into detail about how he built a turnkey business that consistently finds and closes deals on a large scale. He also shares great info regarding how he uses the DISC profile to understand himself and his team members, his three-step process for rehabbing homes, and why he always has at least two sets of eyes on every deal. Plus, he reveals what he wishes he had done differently in the beginning and how to alternate between a “10,000-foot view” of your business and being on the front line. You also won't want to miss his discussion about mistakes newbies should avoid. Nathan is a long-time investor with a heart-felt passion for helping others succeed. If you want to grow your real estate business, be sure to check out the incredible advice and encouragement he shares in today’s episode! In This Episode We Cover: How Nathan uses the DISC profile to understand himself What he would have done different if starting his business again His three-step process for rehabbing homes Why he always uses two sets of eyes on every deal How he utilized meetups to grow his business How his team is buying 12-15 deals a month His rule for replacing anything that doesn’t have a 10-year life span Mistakes for newbies to avoid How to alternate between a big picture view and daily activities to lead to success How he handled his nightmare flip And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Seth Godin BiggerPockets Podcast 313: How to Be Happy AND Grow a Massive Business with Entrepreneur Jesse Itzler (and Josh!) Tony Robbin's DISC Test How to Use the DISC Profile To Communicate Effectively in Business BiggerPockets Podcast 087: How to Thrive After The Collapse of a Real Estate Empire with Nathan Brooks BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss BiggerPockets Podcast 232: The Four Lead Sources Nathan Brooks is Using to Flip 120 Houses a Year BiggerPockets Podcast 159: How to Build a Real Estate Business That Buys 60 Deals a Year with Nathan Brooks
#318: 100 Units in the First 2 Years (Using Bank Financing!) with Collin Schwartz
Interested in buying over 100 units in two years' time? Today’s guest did just that! Collin Schwartz shares the amazing story of how he built an impressive portfolio on the foundation of direct mail and networking through meetups. You’ll learn how Collin utilized a clever twist on the BRRRR method to avoiding paying cash for properties (but still get back his down payment), how he uses balloon notes to do this, and how his highly targeted direct mail strategy led to it all being possible. Collin also shares how he runs meetups to find deals, what his criteria are for buying properties, and how he partners/leverages with others to make this incredible success possible over such a short period of time. Collin also earns income managing properties—and even leverages that business to find deals too! If you want a solid game plan that will lead to impressive growth, this is an episode you don’t want to miss! In This Episode We Cover: How Collin went from handwriting 191 letters to over 100 units in two years How he uses networking to find deals His direct mail strategy How he uses the BRRRR method and traditional financing His 50/50 partnership structure Tips for using RUBS to increase profit What criteria he looks for in properties How to run meetups to find deals Advice for using balloon notes to get into deals (and later refinancing) How to outsource paperwork and bookkeeping to others How he makes money managing his own properties And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar ListSource Invoice America BiggerPockets Events BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock BiggerPockets Jobs Zillow Loopnet
#317: Building a $300MM Real Estate Empire from Scratch with Multifamily Investor Chad Doty
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#316: How to Become a Millionaire Through Real Estate by 26 with Graham Stephan
Interested in becoming a millionaire through real estate investing? Of course you are! Today’s guest did just that—by age 26! Brandon and David sit down with top-producing real estate agent and investor Graham Stephan as he spills the strategy he used to build massive wealth at such a young age. You won’t want to miss his “fortune formula," including how he adds value to the deals he buys, how he saved money to invest without missing out on life’s experiences, and how he found work he loved to do so he could work hard while still feeling like he was on vacation. Graham’s passion for real estate carried him to big success through investing, and he shares great advice for using YouTube to grow your brand. He also discusses how skipping college helped make him a millionaire and how he used his grandma to fund his first deal!  Graham touches on why he feels the future of RE is in development, ways to “make, not just find,” deals in today’s market, what to watch out for with Airbnb, and how he bought a house before he even owned a credit card. DON’T miss this powerful show from someone who made the most of his 20s to set himself up for future success. Download it today!   To learn more and get started with a free account, go to Stessa.com/bp In This Episode We Cover: Closing over 3 million dollars as a first deal that made him quit college The plan he took What he could've done better What it's like buying rental properties at a young age Hack on Managing properties The Subway Sandwich Story How Graham became a millionaire in real estate by 26 Why going to college would have set him back a decade The Millionaire Formula His current investments and future plans Tips on landlording And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Meet BiggerPockets Career Opportunities Mission Meats BiggerPockets Youtube Channel How I became a Millionaire in Real Estate by 26 (video) BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene David Greene's Youtube Channel
#315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene
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#314: A 3-Step Blueprint for Managing Contractors Like a Boss with Andresa Guidelli
Would your real estate business benefit from better rehab/construction knowledge or tactics? Well, that’s the focus of today’s show, where Andresa shares her story of moving from Brazil to America and crushing it in the real estate space! Andresa excels in an area many of us find extremely challenging: managing rehabs. In this episode, she pulls back the curtain and shares tips for how you can do the same. Andresa gives great advice for finding excellent contractors (and vetting them), the three things she puts in every contract, and how she makes sure she’s never ripped off. You won’t want to miss her advice on finding the perfect team, determining the scope of work for your project, and learning your market. Andresa also shares a killer tip about challenging low appraisals she’s used successfully three separate times! Andresa is able to skillfully manage several rehab projects at a time while also running a side Airbnb business and gives great guidance on how you can do the same. Download this one now! In This Episode We Cover: How Andresa got into real estate How she finds great contractors The three things she puts in her contract How she pays her contractors Her advice for finding the perfect team How she embraces what she’s good at Why you should be humble enough to partner with others How she determines her scope of work Tips for understanding your market How she challenges appraisals Her advice for Airbnb investing And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Best Ever Conference BiggerPockets Events BiggerPockets Podcast 203: Finding Deals, Funding, Contractors, and Mentors with Matt and Liz Faircloth BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss
#313: How to Be Happy AND Grow a Massive Business with Entrepreneur Jesse Itzler (and Josh!)
You want to crush it in real estate investing. But you also want fun, adventure, and time for yourself and your loved ones. Can you have both? Our guest today says, “YES!” Jesse Itzler is a serial entrepreneur who’s worn a lot of hats: rapper, founder of a private jet company (sold to Warren Buffett’s Berkshire Hathaway), partner in a coconut water venture (sold to Coca-Cola), ultra-marathoner, and part-owner of the Atlanta Hawks. Jesse shares his plan for 4x-ing your productivity, what he learned from living with a Navy SEAL (and writing a book about it!), and why investors must learn to “fall in love with the process,” rather than the product. You’ll learn his trick for scheduling memorable experiences and why you should develop your own “happiness meter.” Oh, and stick around to hear Jesse’s hilarious story about performing in front of 600,000 people—and forgetting the words. This show is packed with wise counsel for anyone who is or wants to be a hard-charging entrepreneur, but also craves more balance and bliss. Download this episode, and share it with a friend or family member who would enjoy it! When you do, tag us on Twitter (@jrdorkin, @brandtonatBP, @biggerpockets) or Instagram (@jrdorkin, @beardybrandon, @biggerpockets)! In This Episode We Cover: Jesse Itzler's backstory The moment of the most happiness -41 bucks story! How to measure happiness with the "Happiness Meter" The "3-Hour Rule" What Kevin's Rule is and why you should create "moments" Advice for making the most of life Why you should think through: What do I want to be known for in the next 5 years? How to reach out to people who you aspire to meet His advice on growing multiple business A way to redefine failure The Misogi And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Atlanta Hawks Marquis Jet Zico Coconut Water Jesse Jaymes - Shake It Like A White Girl (Video) Spanx The Happiness Meter by Jesse Itzler at TEDxHickory (Video) 29029 Everesting
#312: Conquering Nightmare Rehabs While Working Full-Time with BRRRR Investor James Masotti
Excited about real estate investing and looking for a blueprint to follow? Well, you’re in luck! Today’s guest James Masotti is a well-rounded investor who’s piling up properties while working a full-time job. James shares how he consistently finds deals in a competitive market (it’s not through the MLS), how he funds these deals (it’s not with his money), and how he handles the common complications every investor faces. He also gives some great advice for acquiring properties already occupied by tenants, and explains how he keeps his partner and lenders happy even when things don’t go according to plan. He offers tips on planning for CapEx and dealing with the dark side of real estate investing, too.  Plus, you won't want to miss his advice when it comes to building funnels to find deals, as well as just what to look for when interviewing real estate agents. James has a straightforward, no-nonsense approaching to succeeding in today’s market and provides tons of good content for how you can do the same! Download this episode today! In This Episode We Cover: Jame's entrance into real estate investing while having a professional career Cash reserves and how he plans for CapEx How he finds and funds deals Dealing with tenant evictions Finding the lender you need What a debt cover ratio is Why he continuously builds funnels How to handle when things go wrong Analyzing and overcoming the dark side of real estate investing! And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Be a Guest on the Podcast Biggerpockets Investor Deal Diaries BiggerPockets Meetup and Events BiggerPockets Marketplace BiggerPockets Podcast 308: From 0 to 400 Units in 3.5 Years with Sterling White BiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie Duke The Blitzkrieg Rent Collection Plan for Landlords (Blog) What is CapEx in Multifamily Real Estate Investing (Blog) Biggerpockets Bookstore
#311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J Scott
Are you a real estate investor concerned with the potential of a shifting economy? These concerns are understandable, and today’s guest has some great techniques for both protecting your money and taking advantage of deals in any market! J Scott, author of The Book on Flipping Houses and How to Estimate Rehab Costs shares his valuable insight when it comes to predicting market changes, adapting to shifting markets, and changing your strategy to adapt to a changing economy! Don’t miss Jay’s 6 rules for flipping houses, what exact economic indicators he looks for to predict an upcoming recession, and his 6 rules for preparing for an economic recession. J is one of the most respected minds in the real estate game, and today’s show is jam packed with the wisdom, advice, and knowledge you need to position yourself where you want to be in a shifted market to make big gains in your portfolio! In This Episode We Cover: J. Scott's story on how he got into flipping houses How his business evolved over the past 10 years Market cycles and market indicators to look for Why unemployment is an indicator The "yield curve" The Buffet indicator His 6 rules for investing in this market: Be certain of your numbers Stay away from long rehabs Have a backup strategy Avoid thin deals Keep clear of leverage at all cost Stay away from the high end vacation rentals 6 ways to prepare for any market: Hoard cash Open as many credit lines as possible Build credit Figure the "worst case drop" Restructure short-term debt Don't chase your losses And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Biggerpockets Investor Deal Diaries BiggerPockets Podcast 063: Automating Your Investing, Long Distance Rehabs and Spec Building with J Scott BiggerPockets Podcast 010 : Flipping Houses 101 with J Scott BiggerPockets Podcast 299: HGTV Star Ken Corsini on Flipping, Rehabbing, & Building Homes Like a Pro! Auction.com BiggerPockets Calculators How to Buy Real Estate & Build Your Portfolio Fast! ("The Stack!")
#310: A Straightforward, Repeatable Path to Early Retirement with Jennifer Bayless
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 BiggerPockets Forums BiggerPockets Webinar Biggerpockets' Instagram Brandon's Instagram BiggerPockets BRRRR Guide How BRRRR Increases Your ROI (And Why You Should Be Using It) BiggerPockets Calculators BiggerPockets Bookstore Quickbooks Online Cozy Property Manager Buildium Property Manager Appfolio Property Management Software
#309: Closing 75 Deals Your First Year by Simply Modeling Others with Steven Pesavento
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#308: From 0 to 400 Units in 3.5 Years with Sterling White
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: BiggerPockets Forums BiggerPockets Calculators BiggerPockets Events Mentor Better Business Bureau BiggerPockets Blog BiggerPockets Facebook Profile BiggerPockets Podcast 061: How to Succeed in Multifamily Investing – A Unique Conversation with Josh, Brandon, and Ben BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman BiggerPockets Youtube Channel Upwork Fiverr ListSource Brandon’s Instagram David’s Instagram  
#307: The Science Behind Setting and Achieving Big Goals
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 GoBundance BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn BiggerPockets Calculators Realtor.com James Clear BiggerPockets Events Goals Research Summary (Graphs) Brandon's Blog Posts StickK App  
#306: How to Go From a Few Units to Over 1,000 with Monick Halm
Are you looking to take your investing from casual to serious someday? Have you ever thought about what it would take to own thousands of units without having real estate run your life? Well, you’re in luck! On today’s show, we interview Monick Halm. Monick’s story will blow you away as she shares how she went from house hacking a duplex in L.A. to owning over one thousand units! Monick’s super simple system for finding others to partner with and invest in her deals has allowed her to scale without creating an overwhelming amount of work for herself. You’ll be amazed at Monick’s super simple formula for using the “three Cs” to find partners, her tips for raising private money naturally, and the effortless way she scales her investing. Do NOT miss her seven step criteria for choosing a new market and how to evaluate an area to find where it is in the market cycle (including which point you want to jump in at). Monick’s story is creative, encouraging, and inspiring to investors of all levels. Don’t miss out on this show filled with practical advice today!   In This Episode We Cover: How Monick bought at worst time to get into real estate How she partnered on her first house with a friend and each lived in one side (unique and creative house hacking technique) How she met Robert Helms of the Real Estate Radio podcast and it changed her thinking Her “Three C” system for evaluating potential partners to work with: Character Commitment Capacity Her 7 criteria for choosing a market to invest in: Population growth Job growth Diversified economy Landlord friendly Business friendly In the right part of the market cycle (rising market) Familiarity How she ramped up her business by getting into syndication Why finding “business friendly” markets will help ensure you have a healthy tenant pool The four stages to a market cycle (and which one you want to look for when deciding when to jump in) How she developed land to create an awesome RV park to satisfy a market with massive rental demand And SO much more! Links from the Show BiggerPockets Forums Become a Guest at the BiggerPockets Podcast The Real Estate Guys Radio Flip or Flop (TV Series) Secrets of Successful Syndication
#305: Financial Independence in Your 30s Through Just 5 Investment Properties with Brad Dantonio
Are you interested in retiring early with real estate but don’t want to manage hundreds of properties to do so? Today’s guest has managed to travel to 54 countries in the last three years after retiring in his 30s by owning just FIVE properties. Brad Dantonio shares exactly how he reached financial independence at such a young age by focusing on three unique skill sets (and how you can, too). In this episode, you’ll learn how Brad has created “time wealth,” how he tracks every expense he has, and how he achieved the equivalent of a four-year degree while sitting in Houston traffic! Brad also gives us the three tips he shares with young people (including how to take your journaling to a whole new level), how he forever changed his relationship to fear, and how learning the art of delaying gratification at a young age gave him an advantage over his competition for life! Brad has a fantastic story of overcoming adversity as a young child and using his setbacks as fuel to create the system he used to retire early and live the life of his dreams. If you want to use real estate to live your best life, this is an episode you don’t want to miss! In This Episode We Cover: How Brad got into real estate How he increased his income every year for 13 years because he was fanatical about self-development How journaling impacted his life The story of him selling his software to make money and using it to to buy houses How he ended up self studying about negotiation and sales His offensive and defensive techniques on living less and earning more The value of tracking expenses Why he thinks he's wealthier than billionaires through the concept of time wealth And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Meetup and Events BiggerPockets Webinars My Fitness Pal My Body Tutor Toshl How Does it Feel to be Rich? (Blog) BiggerPockets Store MBA562 Guest Teacher: Brandon Turner- How to (Finally) Write a Wicked-Awesome Book in 100 Days or Less (Podcast Episode) A Simple 4-Step Process for Writing Your First Book in 100 Days (Blog) Connect with BiggerPockets Publishing SalesForce Amazon
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#311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J Scott

#311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J Scott