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BiggerPockets Real Estate Podcast

159: How to Build a Real Estate Business That Buys 60 Deals a Year with Nathan Brooks

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 28 January 2016

⏱️ 73 minutes

🧾️ Download transcript

Summary

Anyone can buy a house. However, it takes a special kind of business (and business owner) to buy dozens of deals every year. That’s the story on today’s episode of the BiggerPockets Podcast, when we sit down with Nathan Brooks to talk about how he went from casual investor to buying nearly sixty deals last year. You’ll learn the key hires that made this transition possible, the process for hiring the perfect team members to work your systems, Nathan’s story of bringing in a partner to help scale, and so much more. If you are looking to really expand your business through partners, employees, and processes, dive into this powerful episode! In This Episode We Cover: Nathan’s beard, the bear from The Revenant A recap of his last show The importance of sitting down with your mentor How to diversify your income streams Why he started his own property management company The companies he’s worked with before How to avoid working with the wrong company Nathan’s current number of employees How he builds systems within his business How to figure out what you’re good and bad at What you should know about partnerships and finding the right people to work with How Nathan’s hiring process works How to know who to hire first The time value of money How to relay a process to an assistant The importance of creating one-pager how tos What exactly lifestyle design means Whether it’s really possible to step away from work for six months How to figure out your freedom number One thing that made a huge impact on his business in the past few years Why he keeps on learning and learning And SO much more! Links from the Show $140,805.92 profit on our first flip…Thank you Bigger Pockets! [forum post] Evernote BP Podcast 087: How to Thrive After The Collapse of a Real Estate Empire with Nathan Brooks BP Podcast 146: Buying 100+ Units Through Word of Mouth Marketing with Enrique Jevons BP Podcast 151: Finding Your “Freedom Number” with Clayton Morris Books Mentioned in this Show The Book on Investing with No and Low Money Down by Brandon Turner The 4-Hour Workweek by Timothy Ferriss 6 Months to 6 Figures by Peter Voogd No Hero by Mark Owen The Book on Rental Property Investing by Brandon Turner The Millionaire Real Estate Investor by Gary Keller Good to Great by Jim Collins Tweetable Topics: “Don’t focus on your weaknesses, focus on your strengths.” (Tweet This!) “There’s always a person who’ll appreciate whoever you are and ride the rollercoaster with you.” (Tweet This!) Connect with Nathan Nathan’s BiggerPockets Profile Nathan’s BiggerPockets Blogs list Nathan’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

As a landlord, you've got enough on your plate managing properties, communicating with tenants, collecting rent.

0:05.2

With so much on your to-do list, you may feel like you need help keeping up.

0:08.9

Or, maybe you just want to free up more time to build your real estate portfolio.

0:13.3

With Tenant Cloud, you can do just that.

0:15.7

Organize your properties, take online rent payments, manage maintenance requests, and more all in

0:20.6

one place.

0:21.8

Tenant Cloud is your one-stop shop for all things

0:24.0

property management. It's easy to use, more affordable than a property manager,

0:28.1

and you can get started right away. Go to tenant cloud dot com for a free trial and access to Tenant Cloud's dynamic platform.

0:35.0

Plus, use code bigger pockets for 25% off of any subscription plan.

0:40.0

Simplify your landlord duties today.

0:42.0

Go to Tenant Cloud.com right now. That's

0:44.8

10-A-N-T-C-O-U-D dot com and use code big 25. The dream of owning a vacation home can be daunting. From finding the best

0:55.6

guests, to the maintenance, to organizing the cleaners after every guest day. With Vakasa,

1:00.4

they make that dream into a reality as a full-service vacation home management company with vacation homes and key destinations across the U.S.

1:07.0

They know a thing about how to make owning a vacation home easy and profitable.

1:11.0

On top of proactive property maintenance visits by professional local teams, a hospitality-driven

1:15.7

booking platform, and around the clock support, Vakasa earns homeowners an average of 20% more revenue from

1:21.7

their vacation homes.

1:22.8

Vakasa is always thinking of ways to simplify the vacation home

1:25.8

owning experience by putting your home to work for you.

1:28.2

If you're looking to make more from your vacation home,

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