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BiggerPockets Real Estate Podcast

359: Using an Agent to Find Your First (or Next) Deal With Ryan Meinzer, Stephanie & Hero Cruz, and Rob Kishi

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 5 December 2019

⏱️ 82 minutes

🧾️ Download transcript

Summary

You asked for it, and we answered! On today’s episode, Brandon and David interview three first-time home buyers, who all utilized the house hacking strategy in different ways! Our first guest shares how he bought in the most expensive market in the country and lives for FREE by using several techniques anyone can replicate (while taking advantage of a massive value-add opportunity). Our second guests share how they used house hacking to buy a BUSINESS that will generate over $20K in profit per month... while also eliminating the majority of their rehab costs and reducing risks and living expenses at the same time! And our third guest shares how he took advantage of California’s recent ADU law revision to buy a property that will eliminate his living expenses while making him massive cash flow at the same time. This episode covers FAQs—like how to use an agent to help you find a property, how to house hack in unique ways, and what to expect when buying your first property—and is guaranteed to get those wheels turning in your mind! Download this one, and share with a friend today! In This Episode We Cover: Ryan Meinzer How he found the property His unique angle on TIC (tenancy in common) What he intended to do reduce his living expenses How a sliding door turned out to be a blessing What the requirements are to convert a TIC Key lessons learned from this deal Hero and Stephanie Cruz The struggle of finding the right Realtor Finding a property that needs less rehab What is assisted living property How much they earn from each room Making more money to help more people Rob Kishi How Daivd and Rob were introduced during a meetup Why he fell in love with idea of house hacking What the property looks like Investing with Mom What ADU stands for And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Network - Find a Real Estate Agent BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! BiggerPockets Podcast 350: How to House Hack Your Way to Financial Freedom in 3 Years with Craig Curelop The Core 4 Members Vital to a Profitable Long-Distance Real Estate Investing Team (blog) BiggerPockets Premium Membership Check the full show notes here: http://biggerpockets.com/show359 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the BiggerPockets Podcast Show 359.

0:04.0

Before the deal, it was just this like impossible thing for me.

0:08.0

It felt like to buy real estate, but going through the deal actually making it happen,

0:12.0

it was difficult, but like now that I've done

0:13.7

it I am so sure that this is the way that I'm going to have like financial freedom and I am

0:18.4

going to do this over and over again for the rest of my life as much as I can.

0:21.8

You're listening to Bigger Pockets Radio,

0:25.0

simplifying real estate for investors large and small.

0:28.0

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

0:31.0

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

0:35.4

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

0:40.9

Your home for real Estate Investing Online.

0:43.0

What's going on everyone?

0:45.0

This is Brandon Turner, host in the BiggerPockets podcast here with my co-host,

0:48.0

David, The Agent Man Green.

0:51.0

What's up David, Agent Man Green, what's going on?

0:54.3

Secret Agent Man.

0:55.8

Not much, man. Today we have an amazing episode. I'm super stoked about this this so basically here's what's been happening

1:05.2

Brandon and I get a ton of people that come to us and say I can't find a deal I can't

1:10.0

get started I want a house hack but I don't know what I'm supposed to do and

1:13.7

what we've realized is that people are trying to do a lot of the work that Brandon and I

1:17.6

don't even do. We rely on real estate agents to do for us. So we wanted to do a

...

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