What question can I answer for you on a NEW BiggerPockets Podcast?

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What question can I answer for you on a NEW BiggerPockets Podcast?

Brandon TurnerPro Member
Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes

Hey folks, 

Yes, your eyes are not playing tricks on you. I did just say "a new BiggerPockets Podcast." That's right- in a few weeks we'll be launching a SECOND podcast, and this show's format is going to be completely different. More on that later, but in the meantime... 

I NEED YOUR QUESTIONS! 

So... what is one question that I could personally answer for you on the Podcast? 

It could be about getting started investing in real estate, the best way to get a mortgage, the color of my dog's coat... whatever. But real-estate-related questions are probably best!

Go ahead and leave your questions below and I'll choose a handful of them to read on the new show, which will be called The #AskBP Podcast

And ... for extra brownie points, be sure to use the phrase "#AskBP"  in your post somewhere! I've got a "Keyword Alert" set for that :) 

Podcast Guest on Show #92
4Reply
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Most Popular Reply

Shera Gregory
Investor · Richmond, VA · Member since 2013 · 347 posts · 191 votes
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#AskBP How to buy from a wholeseller. We hear a lot about wholesellers from their side but almost nothing from the perspective of buying from a wholeseller. I have done a couple of those deals and it's quite different from my "normal" MLS purchase. Also, in trying to work with a couple of local wholesellers it's become clear that some people don't have a property under contract before marketing it. What are the questions you should ask a wholeseller about the deal they are offering? Do I need to get my lawyer to review their contract? What are the pitfalls to look out for? etc, etc.

Thanks very much!
Shera

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  • Brandon Holtzinger
    Homeowner · Granbury, TX · Member since 2013 · 49 posts · 7 votes
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    I  was just about to type in that anything with Ben Leybovich would be good. 

    2Reply
  • Ben Leybovich
    Rental Property Investor · Phoenix/Lima, Arizona/OH · Member since 2012 · 4k+ posts · 4k+ votes
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    Well thank you, @Brandon Holtzinger !

    Hear that @Brandon Turner ? You are too busy to talk on the phone new-days. I figure this way we get to hang out for 2 hours - cool, ha? And I happen to know a little about REI, and it would be nice to have someone on the show who knows some stuff :)

    C'mon @Brandon Turner - do it! 

    0Reply
  • Sean Moen
    Investor · Sacramento County, CA · Member since 2013 · 104 posts · 20 votes
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    You got my vote - Hell Yeah!  @Ben Leybovich @Brandon Turner  (No idea why these mentions don't work....

    ....Walkthrough guide - or Video FAQ - on how to get the "@" mentions to work on BP.  What you're doing wrong and how to do it right.  #askBP

    0Reply
  • Jason Fraser
    Salt Lake City, UT · Member since 2013 · 164 posts · 73 votes
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    which situations does seller financing make sense?

    0Reply
  • Justin Fraser
    Rental Property Investor · Fuquay-Varina, NC · Member since 2013 · 381 posts · 308 votes
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    Hey Brandon, another podcast sounds awesome!

    I'd love to hear more about setting up your accounting systems, how to prepare for taxes, how to keep track of the money when you don't have enough properties to warrant purchasing expensive property management software.

    Thanks!

    #askbp

    0Reply
  • Tony S.
    Rental Property Investor · Charlotte, NC · Member since 2014 · 79 posts · 33 votes
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    #AskBP

    What is the minimum equity spread you will buy a property at?

    0Reply
  • Tim Wilkinson
    Investor · Salisbury, MA · Member since 2015 · 240 posts · 69 votes
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    Brandon, I'd love to hear about different tactics for different markets. I hear things all the time that just don't work in certain markets. Obviously, markets with great positive market absorption where average home costs are 400k and higher require a different mindset than rehabbing most of the country. I'm in Boston and you can't take much of the advice you read, as it doesn't apply. I read things like "average 20k profit/flip" and "only homes post-1960 built" and I shiver. I understand they are talking to the majority, but there are enough in California, the Northeast, the Pacific Northwest, and suburbs of major cities to justify some clarifications about the way rehabbing is handled. thanks!
    0Reply
  • Cody Steck
    Residential Real Estate Agent · Salt Lake City, UT · Member since 2014 · 156 posts · 50 votes
    11y

    #askbp

    My question is, how easy is it really to buy investment properties if you are able to put 25% down? It seems that everybody makes it sound like it is so easy and the bank will just hand them money. I understand after you have rental experience you can count that in to your DTI and negotiation leverage. But what if you don't have any experience?

    0Reply
  • Bill Gulley
    Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes
    11y

    #AskBP

    Why does that Bill G. guy contradict so many of the guru educators?

    Can he ever get to how to do things instead of having to point out what not to do?

    Will he ever be in a podcast? Doesn't matter what the subject is.  

    2Reply
  • Bryan H.
    Investor · Willow Spring, NC · Member since 2013 · 788 posts · 285 votes
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    #AskBP

    I've been on BP for a while now. I've seen people come, learn and go. Others stick around and add value to the forums. There used to be very specific questions asked about deals, i.e. Is this a good deal? Please evaluate my numbers. I see less of that and more generic questions that have been asked and answered 1000 times over. 

    My question is to all the longtime regulars here. How do you keep sane answering questions that have been answered already? Answers that are available right on this very site.

    Thanks, I'll hang up and listen.

    3Reply
  • Leigh Ann Smith
    Manvel, TX · Member since 2014 · 309 posts · 127 votes
    11y

    #askBP

    There have been some very good suggestions for podcasts about things related to accounting and other subjects that are difficult to process just by listening.  Perhaps for some of these topics you could post a notes page that could be printed to view as we listen to the podcast.  It could have diagrams, excerpts from spreadsheets, charts, etc.  It could go up on the show notes at the same time the podcast is released.

    A video podcast would be another option, though I know that I wouldn't be nearly as likely to watch one as I am to listen, and I'd suspect that others are the same way.

    0Reply
  • Shree R.
    Plano, TX · Member since 2014 · 14 posts · 3 votes
    11y

    #AskBP

    How to find good deals is the most important question for new investors. It would be great if you can answer this.

    0Reply
  • Jordy ClarkPro Member
    Investor · West Jordan, UT · Member since 2014 · 45 posts · 31 votes
    11y

    #askBP instead of four newbies and how they did their first deal, have four seasoned (200+ deals) investors tell us how they sustain high performance achievement, and mistakes they still make. 

    0Reply
  • Randy Holbrook
    Resaca, GA · Member since 2015 · 5 posts · 2 votes
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    Brand new to the site.  Lots of information available.  My question is: Why give away all of this info for free?  Does BiggerPockets make money from simply hosting the website?  I can see what's in it for us, but what is in it for you?  Please don't take this as a disrespectful question - I'm just curios as to how the site works and haven't had time to fully explore it yet. Thank you. #AskBP

    0Reply
  • Gary Erdoglyan
    Property Manager · Los Angeles, CA · Member since 2014 · 79 posts · 15 votes
    11y

    #askBP 

    How can a 19 year old get started investing in real estate?!

    How old where you when you got started?

    0Reply
  • Timothy Cervantes
    Fresno, CA · Member since 2015 · 70 posts · 18 votes
    11y

    I would be interested to hear more about the process of unearthing deals or possible deals for individuals who are cutting their teeth in REI. The question is

    What other low cost methods and or systems (driving for dollars, local courthouse) are out there to assist us in finding the deals out there to be made

    With these assumptions built in:

    1. I'm actively working on getting as much education in REI as possible (blogs, posts, books, videos etc.)

    2. Beginning to network but do not enough established relationships to have deals pointed my way.

    3. Because I'm in the education phase, I'm hesitant to spend any significant dollars on lists or expensive sites to data mine.

    These things will help me get better at fine tuning my eye for a potential deal to further analyze when it comes time to put my money (or OPM) where my theory is.

    I'm a little upset that I won't be able to attend live this week but will definitely catch the replay if Brandon is able to successfully record it like last week :)

    0Reply
  • Mindy JensenPro Member
    BiggerPockets Money Podcast Host · Longmont, CO · Member since 2014 · 7k+ posts · 10k+ votes
    11y

    #AskBP

    I would love to hear about mistakes. I learn from others' and unfortunately have my own to tell. I would love to hear about the biggest goofs that the more experienced investors (J. Scott, Ben Leybovich, Brandon Turner, etc.) have made. Did you see it coming and look the other way? Did it sneak up on you? Should you have known better?

    I quintuple the buying from wholesalers comment.

    And of course, what color is your dog?

    [email protected]Podcast Guest on Show #261
    BiggerPockets
    0Reply
  • Charles Worth
    Investor · New York City, NY · Member since 2015 · 808 posts · 417 votes
    11y

    @Brandon Turner 

    #askBP 

    I think it would be interesting to have a fireside chat format with some of the better-known people on here that way you get various viewpoints on certain key issues (some recent ones that stirred up controversy is if appreciation should be factored in, using the 2% rule etc.). The various debates would also make for great listening. 

    Personally, another thing that would be very interesting is what the people on here that have huge SFR or small multis have experienced as true costs for estimates that are key in property analysis such repairs, maintenance , vacancy etc. for various types A&Bs vs. Cs and Ds as well as pitfalls in these estimates.

    0Reply
  • Scott Rowsick
    Realtor · Virginia Beach, VA (Virginia Beach) · Member since 2015 · 21 posts · 5 votes
    11y

    #askbp

    What are the steps to turning money into investments, investments into cashflow, cashflow into fortune, and fortune into legacy?  And how do you manage each step of the process?

    0Reply
  • Derek Grijns
    Ridgefield, CT · Member since 2015 · 5 posts · 0 votes
    11y
    I want to know where all your success is coming from. In particular what areas of the country are you seeing the best opportunity and returns. Singles. Multis. Commercial. Etc.
    0Reply
  • Rachel Leonard
    Investor · Atlanta, GA · Member since 2013 · 112 posts · 15 votes
    11y
    #askbp I would like to know more about the habits of successful RE investors. What does their typical day look like? How much time do they spend on marketing or making offers or networking etc....?
    0Reply
  • Michael T.
    Wholesaler · Erie, PA · Member since 2013 · 10 posts · 5 votes
    11y
    #askbp Following the law, and proving to the IRS that you followed the law, are two different things. I would love to hear tax attorneys discuss successful audit defense of things like: *defending Real Estate Professional status; *defending depreciation of buy-and-hold properties while simultaneously wholesaling other properties in volume *defending an audit (IRS or Labor Dept) of a self-directed retirement account Planning for taxes, and filing taxes, is very different from undergoing and successfully defending a tax audit. I would like to hear strategies, tactics, stories of success, and how to incorporate lessons learned into future tax planning and preparation. For instance, I've heard it can be rather difficult to explain creative financing techniques like a subject-to lease-option to an IRS auditor.
    0Reply
  • Tim Macy
    Real Estate Agent · San Antonio, TX · Member since 2014 · 311 posts · 176 votes
    11y

    I want to know the best way to finance the $25,000 guru program I learned about this weekend!  

    I kid....I kid....

    0Reply
  • Ben Leybovich
    Rental Property Investor · Phoenix/Lima, Arizona/OH · Member since 2012 · 4k+ posts · 4k+ votes
    11y

    @Tim Macy - call and ask @Bill Gulley for a loan ...hahahaha

    0Reply
  • Tom Shepard
    Investor · Brentwood, TN · Member since 2015 · 140 posts · 39 votes
    11y
    Just thought of another good one after listening to one of the podcasts. Here's a question for #askBP : Many of your interviewees seem to be so young, and most of the older ones are seasoned in REI. What about us older newbies? How about a podcast about getting into REI in your mid to late 40s? Can you still build enough of a portfolio to retire early? What's the best way for someone in that situation?
    0Reply
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