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BiggerPockets Real Estate Podcast

163: Making Your Real Estate Business Soar While Working a Full-Time Job with Bill Allen

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 25 February 2016

⏱️ 75 minutes

🧾️ Download transcript

Summary

Having a full-time job can make investing in real estate tough. However, with the right systems, people, and plan, your business can thrive no matter how few hours you have to dedicate towards it! In this episode of the BiggerPockets Podcast, we sit down with Bill Allen, a navy pilot who’s done just that in a very short time. We talk about hiring your first employee, finding good deals, using low down payment loans to fund your deals, and a lot more. If you are looking to make your real estate business launch into the stratosphere, don’t miss a moment of this show! In This Episode We Cover: What Bill does aside from being active duty in the U.S. Navy How he got into the real estate world The importance of being able to walk away from a house What you should know about the housing assistance program His $185k loss in an investment The difference between buying rentals and buying primary residences His first investment property What exactly a VA loan is How he uses VA loans creatively to finance his investing How to treat real estate as a business Mistakes on his first flip and what he could have done better How Bill got private money despite not having deals under his belt Tips for flipping while having a full time job How to structure your business to maximize the potential in your market Considerations while hiring your first employee The importance of setting task lists How to incentivize those you hire How many deals has Bill done Thoughts on diversifying your business Tips for creating a good website How to funnel your leads And SO much more! Links from the Show The BiggerPockets Team House Hacking 101 WordPress ThemeForest BP Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson BP Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan BP Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles Books Mentioned in this Show The Book on Investing with Low or No Money Down by Brandon Turner The Book on Flipping Houses by J. Scott The 4-Hour Workweek by Timothy Ferriss Flipping Houses Exposed by Danny Johnson The Bogleheads’ Guide to Investing by Taylor Larimore The Millionaire Next Door by Thomas J. Stanley The One Thing by Gary Keller and Jay Papasan Tweetable Topics: “It’s not emotional. I buy it as an investment property.” (Tweet This!) “If they can do it, I can do it.” (Tweet This!) “Know what the value of something is before you pay for it.” (Tweet This!) Connect with Bill Bill’s BiggerPockets Profile Bill’s Personal 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.

0:02.0

Show.

0:04.0

163.

0:05.0

Took a step back in December and I wanted to restructure this business and really make it a business instead of a job, which is what it was.

0:10.0

So...

0:11.0

You're listening to Big pockets radio simplifying real estate for

0:15.6

investors large and small if you're here looking to learn about real estate

0:19.8

investing without all the height you're in the right place.

0:23.0

Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com.

0:29.0

Your home for real estate investing online.

0:32.0

What's going on everybody? This is Josh Dorkin. home for real estate investing online.

0:32.7

What's going on everybody?

0:33.6

This is Josh Dorkin, house

0:35.6

to the BiggerPockets podcast

0:37.2

here with my co-host, Mr Brandon Turner.

0:39.8

What's going on, man?

0:40.9

I am doing swell, how about you? I'm great, I'm great. going on

0:44.1

man. I am doing swell. How about you? I'm great and for anybody who's not watching this on

0:47.7

YouTube, Brandon looks like a seven-year-old child.

0:52.3

Because I shaved my in Yeah, more like the 9 o'clock shadow. I've never seen you in the years that I've known you with with as little facial hair

1:06.8

So it's it's a little jarring. I know I look a little more like you, Justin Bieber, but that's okay.

1:13.3

I'll take it.

...

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