318: 100 Units in the First 2 Years (Using Bank Financing!) with Collin Schwartz

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 21 February 2019

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

Interested in buying over 100 units in two years’ time? Today’s guest did just that! Collin Schwartz shares the amazing story of how he built an impressive portfolio on the foundation of direct mail and networking through meetups. You’ll learn how Collin utilized a clever twist on the BRRRR method to avoiding paying cash for properties (but still get back his down payment), how he uses balloon notes to do this, and how his highly targeted direct mail strategy led to it all being possible. Collin also shares how he runs meetups to find deals, what his criteria are for buying properties, and how he partners/leverages with others to make this incredible success possible over such a short period of time. Collin also earns income managing properties—and even leverages that business to find deals too! If you want a solid game plan that will lead to impressive growth, this is an episode you don’t want to miss! In This Episode We Cover: How Collin went from handwriting 191 letters to over 100 units in two years How he uses networking to find deals His direct mail strategy How he uses the BRRRR method and traditional financing His 50/50 partnership structure Tips for using RUBS to increase profit What criteria he looks for in properties How to run meetups to find deals Advice for using balloon notes to get into deals (and later refinancing) How to outsource paperwork and bookkeeping to others How he makes money managing his own properties And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar ListSource Invoice America BiggerPockets Events BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock BiggerPockets Jobs Zillow Loopnet Books Mentioned in this Show Who: The A Method for Hiring by Geoff Smart and Randy Street Rich Dad Poor Dad by Robert Kiyosaki The Millionaire Real Estate Investor by Gary Keller Shoe Dog by Phil Knight Tweetable Topics: “In my mindset, more units, less risk.” (Tweet This!) “Real estate is forgiving.” (Tweet This!) Connect with Collin Collin’s BiggerPockets Profile Collin’s Meetup Collin’s Instagram Collin’s LinkedIn 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 318.
0:05.0	I told my wife, Hey Honey, this weekend,
0:07.0	we were going to hand write 191 letters
0:10.0	and stuff them and send them out to these owners. I did that, I sent those letters out and I was able
0:17.2	to get six deals off of those letters.
0:19.8	You're listening to Bigger Pockets Radio. Simplifying real estate for investors large and small
0:25.8	If you're here looking to learn about real estate investing without all the height
0:30.3	You're in the right place. Stay tuned and be sure to join the millions of others
0:35.0	who have benefited from BiggerPockets.com.
0:38.0	Your home for real estate investing online.
0:41.0	What's going on everyone?
0:42.0	This is Brandon Turner, host of the BiggerPockets
0:44.6	podcast here with my co-host, the man of the hour, the man of the year, David Green.
0:51.3	What's up, buddy?
0:52.3	Thank you, thank you, Brandon. I appreciate that. I'm doing wonderful. I'm actually looking to hire a new intern for the David Green team.
0:58.0	So I've been going over resumes and getting people to email me and then trying to systemize everything that we're doing.
1:04.2	So we've got someone who's running my rental portfolio.
1:06.8	I'm looking to step up my flip business and looking for an analyst to help with
1:10.3	multifamily stuff.
1:11.3	So I'm stepping up my game in 2019
1:13.3	and like gonna bring people into teach.
1:14.6	How's things over there on your end?
	...

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