132: How Brie Schmidt Grew Her Real Estate Portfolio by 50 Units in 1 Year

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 23 July 2015

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today on the BiggerPockets Podcast, we are excited to bring back Brie Schmidt, a real estate investor from the Chicago market who has absolutely DOMINATED her goals over the past twelve months. Last time we talked with Brie, she had just quit her job to pursue real estate full-time. Today you’ll learn about the impact that decision made on her life and how she’s been able to reach her financial goal in just twelve months, buying more than fifty new rental property units in that time! Be prepared to be blown away and inspired to do the same! In This Episode We Cover: Who Brie is and how she quit her job and went full time since the last show The 3 catalysts that drove her to become a full time investor How to incentivize in-house property management Tips for making tenants happy The story behind 50 units in one year What kind of tenants she is looking for How Brie handled her first eviction What kind of properties she is investing in Her average cost per door The details of buying multiple units at a time and concerns you face with it The mindset behind buying 50 units in a year And SO much more! Links from the Show BiggerPockets Keyword Alerts Quitting Your Job, Buy & Hold Investing, and Succeeding With High-End Rentals with Brie Schmidt BiggerPockets Webinar Investing in Foreclosures, Quitting Your Job, and Getting More Than 10 Loans with Anca Rader How I Found, Analyzed, and Bought an Ugly Purple Rental Property BiggerPockets Marketplace BiggerPockets Forums PayNearMe BiggerPockets Podcast Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan Twitter Books Mentioned in this Show The Millionaire Real Estate Investor by Gary Keller The ONE Thing by Gary Keller The 10X Rule by Grant Cardone Tweetable Topics: “You bring up the level of the property to attract the kind of tenant that you want.” (Tweet This!) “Property management could make or break your business.” (Tweet This!) Connect with Brie Brie’s BiggerPockets Profile Brie’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast, Show 132.
0:06.0	You know, people ask me all the time, like, how did you grow so fast?
0:08.0	I'm like, well, we actually went really slow.
0:10.0	You're listening to Bigger Pockets Radio radio simplifying real estate for investors large and small
0:16.6	if you're here looking to learn about real estate investing without all the height
0:21.1	You're in the right place.
0:23.2	Stay tuned and be sure to join the millions of others
0:26.1	who have benefited from BiggerPockets.com.
0:29.2	Your home for real estate investing online.
0:32.1	What's going on everybody? This is Josh Dorkin,
0:34.0	house to the BiggerPockets Podcast here with my co-host,
0:38.0	Mr. Brandon Turner. What's up Brandon?
0:41.0	What up, Josh? How you doing? How's your July? July is off to a
0:46.2	unbelievable start. Unbelievable start. We just had an excellent July 4th.
0:50.5	Actually, this weekend was kind of tough. We were at awake. We, you know, we had some
0:58.0	family in town that was sick as a dog, so I really didn't do anything over the holiday weekend how about yourself?
1:04.4	I worked on a rental house and that was it was fun I haven't done that in a long long time but I did
1:11.7	tile work at a rental house because my contractor
1:14.5	pulled out at the last second and the house is getting rented this Thursday so I
1:18.4	went over and did some work. There you know good exercise that's how I look at it.
1:22.2	Oh that's awesome man that at it. Well that's awesome man, that's awesome.
1:24.0	Funny that most people in there listen to the show,
	...

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