325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 11 April 2019

⏱️ 96 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Awesome show alert! Today’s guest is so full of information you will be blown away. Aaron Amuchastegui sits down with Brandon and David and explains how he buys 20 deals a month while practicing principles of the four-hour workweek. It’s an incredible story about how he built a big business with foreclosures, how he keeps his pipeline full (including how he buys deals at auctions), how he does due diligence, and how he tracks down owners of vacant properties. You won’t want to miss his advice on owning C- or D-level properties, how he uses flip profits to fund a business that acquires rentals, and—most importantly—how you can lose money in real estate even if you’re buying great deals. This episode is full of more powerful insight than we can begin to mention. Aaron is a big-time real estate investor who has gone from rags to riches, to rags to riches again. Tune in to hear him share everything he learned along the way. Download today! In This Episode We Cover: How he got into real estate investing Buying at an auction The different types of auctions How to approach and talk to cash buyers The moral aspect of real estate How to do title research A big surprise after buying a sight-unseen house Bouncing back from losing everything he built Why he thinks flipping is a job And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Kiawe Outdoor Instagram Kiawe Outdoor Brandon’s Instagram BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors Auction.com GoBundance Five Hour School Week Books Mentioned in this Show The Miracle Morning by Hal Elrod The 4-Hour Work Week by Timothy Ferriss Rich Dad, Poor Dad by Robert Kiyosaki Tweetable Topics: “There’s so many problems that you can solve in real estate.” (Tweet This!) “I make money 9/10 houses. I take a loss 1/10.” (Tweet This!) “Flipping is only money when you keep flipping.” (Tweet This!) Connect with Aaron Email Aaron: [email protected] or [email protected] Aaron’s Company Website 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 BiggerPockets Podcast Show 325.
0:04.0	But we looked at it on an annualized return basis instead of an individual.
0:08.0	And then that also helped us to be less emotional about the winners and the losers.
0:12.0	Like, I make money on 9 out of 10 houses.
0:14.7	I take a loss on 1 out of 10.
0:17.5	You're listening to Bigger Pockets Radio,
0:20.0	simplifying real estate for investors large and small.
0:23.7	If you're here looking to learn about real estate investing without all the height,
0:27.6	you're in the right place.
0:29.6	Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com
0:35.6	your home for real estate investing online.
0:38.7	What's up everybody it's Brandon Turner host of the BiggerPockets podcast
0:43.6	here with my co-host David the Man Green.
0:49.3	What's up, man?
0:50.2	How you doing?
0:51.4	What's up with you, dude?
0:52.4	This is a really good day. We have a really really good guess and I think that this episode is probably one of the most like
1:00.0	Educational Knowledge Field shows we've done in a very long time.
1:03.2	Dude, it's good, it's good. So true story, so our guest today, we're introduce you to
1:08.4	Aaron here in a few minutes, but Aaron was actually, so we recorded this interview,
1:13.4	but like a few weeks ago.
1:15.0	I'm recording this introduction now a few weeks later.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.