Special BP Podcast: Becoming a Millionaire Real Estate Investor with Best-Selling Author Jay Papasan

[Allison Leung]

Want to get expert investing advice from one of the leading real estate authors in the nation?

Then don't miss out on this awesome, insightful interview with Jay Papasan, co-author of bestsellers The Millionaire Real Estate Investor, The Millionaire Real Estate Agent, The One Thing, and more! 

Learn how Jay got his start as a highly read real estate author, the habits he believes successful real estate investors should hold, what led him to the powerful concepts behind The One Thing -- and much, much more!

We're proud of this episode -- and we hope you find a little time to sit back and enjoy this entertaining, information-packed show. Enjoy!

Click here to listen on BiggerPockets or here to listen on iTunes.

[Val Csontos]

@Skyler Smith this is how we used to do the RE commission thing:

We needed  to get  creative because we ran out of our cash fast, (it was not much in the first place), so  I had asked about 20 realtors in my area if i could borrow their commission (buyer agent's) and just pay them 60 monthly payments out the the rent cash flow, and 19 said no or just laughed at me, but one guy said yes. So with that agent i was able to buy over a dozen or more properties and use his commission  borrowed at zero interest to pay the closing cost (3%) so i could buy houses with almost no money down. In the end he was getting close to $1000 per month every moth even when the other agents were starving during bad weather. Now those properties we purchased with no money down had little cash flow($50/mo)  tripled in value since the 1998-2000 and the rent almost doubled so we have close to $1000/mo cash flow on many of the properties. "All we had to do" :) is to keep the properties rented. It was a long a not very exiting process with a few Sunday night phone calls but we are getting where we would like to be

Good Luck to you!