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BiggerPockets Real Estate Podcast

291: How to Build a Business That Helps Find Deals Before Anyone Else with Neal Collins

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 9 August 2018

⏱️ 84 minutes

🧾️ Download transcript

Summary

Are you struggling with finding deals in today’s market, where the best properties go fast? On today’s show, we interview Neal Collins, an investor in the red hot Portland Oregon who has figured out a way to find deals before anyone else even sees them! Neal shares the brilliant strategy he’s created to build a world where the best deals find him. In this show, you’ll learn how Neal was able to find a 4-plex to house hacked—and how he made an additional $8-10k a month, as well as how he built a property management company and real estate brokerage (hint: he created an army of deal finders that get paid to make him money and find him deals) where he does none of the work but reaps all of the profits, and his brilliant, simple strategy for raising private money than anyone can replicate (he really hits the nail on the head with this one). If you’re looking for a solid, profitable, and step-by-step process to make money and build wealth with real estate, you won’t want to miss how Neal did just that! In This Episode We Cover: Neal’s journey to real estate investing How he accidentally got into seller financing The importance of being able to pivot and change investment strategies The kinds of properties he looks for His thoughts on Airbnb and short-term rentals in general How he got into managing other people’s properties His experiences managing 200 units and owning a brokerage Three things every investor looks for: returns, security, and customer service And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Brandon’s Instagram David’s Instagram GoBundance Airbnb Properly (App) BiggerPockets Youtube Channel Be a Guest on the Podcast Books Mentioned in this Show Long-Distance Real Estate Investing by David Greene Confessions of a Real Estate Entrepreneur by James A. Randel Shoe Dog by Phil Knight Fire Round Questions How do you reset for your next short term rental guests? What “extra” amenities do you provide to make the stay special? I wanted to know if anyone has a solution for reducing the time it takes to get through turning over linens in your short term rentals? I’ve read that some experts present themselves to tenants as the property manager, not the landlord. Tweetable Topics: “They talk about the numbers, but they are not talking about the work.” (Tweet This!) “You have to leverage other people’s time and experience or build systems so that you can leverage your own time to do that.” (Tweet This!) “The deals are not going to come to you. If you’re not consistently swinging the bat, you’re not going to hit the ball.” (Tweet This!) Connect with Neal Neal’s BiggerPockets Profile Neals Company Website Email Neal Neal’s LinkedIn Profile Neal’s Facebook Profile Neal’s Company Instagram Profile 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 291

0:05.0

And whenever you can put a buyer and a seller together and the management contract never changes hands the tenants never know that the ownership changed and you make a transaction fee off of that.

0:19.1

It's like, oh, hey, this is where we can actually generate money and use our expertise and increase our management company to start actually doing this full time and and we see a path forward to grow a portfolio.

0:34.0

You're listening to Bigger Pockets Radio,

0:37.0

simplifying real estate for investors large and small.

0:41.0

If you're here looking to learn about real estate investing without all the

0:44.4

height, you're in the right place. Stay tuned and be sure to join the millions of

0:49.3

others who have benefited from biggergerPockets.com.

0:53.0

Your home for real estate investing online.

0:56.0

What's going on everyone?

0:56.9

This is Brandon Turner today's host of the BiggerPockets

1:00.3

podcast, the number one Real Estate Invest investing podcast on the planet here with my co-host

1:05.9

Mr David Green. What's up buddy? How you doing? Where you been? I am doing great

1:11.0

Brandon actually just got back from your hood up in Seattle Washington for my cousin my cousin's wedding Michael Green married his his dream girl

1:20.2

Ali Mendizona and I got to meet her family and we got to talk about real

1:23.7

estate there's about four people there that were all bigger pockets fans and it

1:26.9

was the easiest way for an introvert like me to make conversations with

1:30.6

complete strangers which is worse than death sometimes by talking

1:33.8

about real estate because you know real estate investors love to talk about real estate bigger pockets

1:38.0

fans there are more of them out there than you think you are passing these people on the

1:41.0

streets every day and don't know it.

1:43.0

Just asking people have you heard of BiggerPockets.com sometimes they say no but when they say yes

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