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BiggerPockets Real Estate Podcast

174: Lessons Learned From 2,000+ Transactions Over 44 Years with Dave Short

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 12 May 2016

⏱️ 75 minutes

🧾️ Download transcript

Summary

Around BiggerPockets, we often encourage newer investors to sit down with an experienced real estate investor to “pick their brain” and soak up their wisdom. Today on the BiggerPockets Podcast, we want to do just that. Dave Short began investing in real estate nearly half a century ago and has an incredible level of insight into the ups and downs of building wealth through real estate. We cover everything from overcoming failure to flipping a hundred houses in four years and much more! In This Episode We Cover: How he got started in real estate from a factory job 44 years ago The grave need for property management and liquidating their business Thoughts on going through investing with over a million dollars in debt Tips for making partners instead of having bank relationships How help from the outside opened his eyes Why you should stay in the game despite failures The importance of working with the right people How many transactions he has done over his real estate career How he flips a house Who’s on his team How to hook a spouse on investing in real estate How he buys his deals How to get a good transaction as a wholesaler Making a deal by solving other people’s problems How to show yourself to be legit as a wholesaler Why you should find a veteran investor in your market What “pre-habbing” a house is And SO much more! Links from the Show BiggerPockets Jobs Google Play Tim Ferris’ Podcast BP Podcast Show 91: Getting Started as a Real Estate Wholesaler with Ben Grise BiggerPockets Keyword Alerts BiggerPockets Meet BiggerPockets Analysis Tools BiggerPockets Forums Books Mentioned in this Show The 4-Hour Workweek by Timothy Ferriss The Book on Rental Property Investing by Brandon Turner The ONE Thing by Gary Keller and Jay Papasan The Millionaire Real Estate Investor by Gary Keller Burst This! by Frank McKinney Unlimited Power by Anthony Robbins Awaken the Giant Within by Tony Robbins Tweetable Topics: “The management is the key to success, and real estate is just the vehicle.” (Tweet This!) “In buying and selling real estate, every house has 2 to 4 solutions.” (Tweet This!) “The beauty in staying in the real estate business for 44 years is if you’re in a slump for 4 years, that’s only 10% of your career.” (Tweet This!) “If you can’t ask the right questions, then you’ll never get to the solution.” (Tweet This!) “I never look at them as competition. They’re people we work together with, and we can all make a living.” (Tweet This!) Connect with Dave Dave’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

This is the Bigger Pockets Podcast, Show 174.

0:04.4

You know, the beauty of being in the real estate business 44 years,

0:08.1

if you're in a slump for four years, that's only 10% of your career.

0:13.0

You're listening to bigger pockets radio

0:16.0

simplifying real estate for investors large and small.

0:20.0

If you're here looking to learn about real estate investing without all the hype, you're in the right place.

0:26.0

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

0:32.0

Your home for real estate investing online.

0:35.0

What's going on everybody?

0:36.0

This is Josh Dorkin, host

0:38.0

to the BiggerPockets podcast here with my co-host,

0:41.0

Mr. Brandon Turner.

0:43.0

What's up, man?

0:44.0

Hey, not much.

0:45.0

How you doing?

0:46.0

I'm doing good. Yeah, yeah, what's new in the Dorkin household?

0:49.0

Well, by the time the show airs,

0:52.0

I probably will have returned from a little family vacation.

0:55.2

That's true.

0:56.2

I'm excited to get rid of you.

0:58.2

Pretty excited.

0:59.2

I just followed that out that you're going to be completely off the grid for a week and I don't

...

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