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BiggerPockets Real Estate Podcast

237: Partnerships & BRRRR Investing While Working Full-Time With Ian Reeves

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 27 July 2017

⏱️ 85 minutes

🧾️ Download transcript

Summary

In this episode of The BiggerPockets Podcast, we’re excited to talk about two incredibly powerful strategies any real estate investor (new or experienced!) can use to grow their business: partnerships and BRRRR investing. Today’s guest, Ian Reeves, used a combination of both these strategies to build an incredible portfolio in just the past few years, having started after listening to this very podcast. This episode is sure to blow your mind with both education and entertainment, so sit back and prepare to have your world rocked forever! In This Episode We Cover: How Ian got started The details of his first property Why house hacking is a good idea How he has 65 units already Why he chose partnership Tips for finding the right partners through BiggerPockets The pros of being a part of an REI meetup What you should know about the BRRRR strategy A look into whether you should buy expensive properties Where he got his initial loan The dangers of commercial loans The importance of having the right mindset The secret to scaling quickly The worst deal he has ever done And SO much more! Links from the Show BiggerPockets Forums Creation Festival Northwest 10th Avenue North Fincon House Hacking 101 Brandon’s Instagram Mindy’s Instagram BiggerPockets Events 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod Tim Ferriss Show: Derek Sivers How to Find and Fund Real Estate Deals with Anson Young Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki The Millionaire Real Estate Investor by Gary Keller The Miracle Morning by Hal Elrod Set for Life by Scott Trench The One Thing by Gary Keller and Jay Papasan The Book on Rental Property Investing by Brandon Turner The 4-Hour Work Week by Tim Ferriss Mastery by Robert Greene 80/20 Sales and Marketing by Perry Marshall Fire Round Questions Mailing campaign – letter, post cards (Still a good idea?) I just turned 22, what is the best path for a strong portfolio? How the Heck Are You Doing 5-10 BRRRRs Per Year?! Looking for networking advice Partnership Learning Process Tweetable Topics: “It’s a dangerous situation when you are not reinvesting your profits.” (Tweet This!) “Fifty percent of a deal is better than 100 percent of no deal.” (Tweet This!) “Just tell the people what you’re doing and they can sense the passion.” (Tweet This!) “All the information that you could ever want is already out there. It’s up to you if you implement or not.” (Tweet This!) Connect with Ian Ian’s BiggerPockets Profile Ian’s Facebook Profile Ian’s Youtube Channel Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the BiggerPockets Podcast.

0:03.0

Show 237.

0:05.0

I literally listen to every single podcast over, you know, a matter four or five months.

0:11.0

You can literally take everybody's mistakes,

0:13.8

all the lessons learned that everybody's made.

0:15.9

It's like Ben Labovitch with a $30,000 house,

0:18.8

four hour work week thing, do I do it myself

0:21.6

or do I let somebody else do it?

0:23.0

Like all those lessons, it's just so awesome

0:25.6

because you can take all that advice

0:27.7

from all these super smart people

0:29.3

and then implement it and you don't have to make the same mistakes,

0:32.2

you know.

0:33.0

You're listening to Bigger Pockets Radio,

0:35.0

Simplifying real estate for investors large and small.

0:39.0

If you're here looking to learn about real estate investing

0:42.0

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

0:45.5

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

0:51.5

Your home for real Estate Investing Online.

0:54.0

What's going on everybody? My name is Mindy Jensen, host for today of the BiggerPockets Podcast,

1:00.0

with me as always Mr Brandon Turner.

1:03.0

What's going on Brandon? I haven't talked to you in a thousand years.

...

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