548: How to NOT Get Scammed on Your Next “Real Estate Opportunity” w/Mike Nuss & Tyler Combs

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 23 December 2021

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

Your real estate partnership may be closer than you think. Maybe it’s that seller you’re talking to on craigslist, maybe it’s your home appraiser, or maybe it’s someone you meet at a sketchy real estate investing company. Mike Nuss and Tyler Combs never planned on becoming partners when they linked up to discuss a potential sale of a property. But, when fate put the two together again in the same company, they decided to split off and use their complementary skill sets to build a real estate empire. Mike brought the acquisitions and property management side to their business, while Tyler focused on managing and selling flips. Together they brought the rocket fuel of profit and cash flow to their growing business. Now, they’ve acquired more than eighty units and aren’t planning on stopping any time soon. Mike and Tyler built their business on the back of strong investor relationships, truthful and honest work, and the ability to find seller finance deals. With the combo of creative financing, marketing, and hard work, they’ve become real estate leaders in their area with an expanding portfolio, team, and strategy. In This Episode We Cover: How to vet someone who’s raising capital for a real estate investment Combining flips and rentals to maximize growth in real estate Using seller financing to acquire more units with less money upfront Creative financing options like subject to, raising private capital, and more “Land Banking” and using it to set up your portfolio for future success Becoming a master in your field and going a mile deep on your strengths And So Much More! Links from the Show BPCON2021 BiggerPockets Real Estate Podcast BiggerPockets Talent Search BiggerPockets on Itunes BiggerPockets on Audible BiggerPockets on Twitter BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Pro Membership Brandon Turner’s Instagram David Greene’s Instagram Open Door Capital BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan BiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie Duke Click here to check the full show notes: https://www.biggerpockets.com/show548 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey, everybody. It is David Green here. As you all know, Brandon's stepping away from the show
0:05.2	at the end of the month. Now, we have some great co-hosts lined up in the new year,
0:08.6	and we also want to take this chance to get to know anyone else out there who's interested
0:12.5	in contributing their talent to the bigger pockets podcast network. If you think that's you,
0:17.8	you can make a submission to our system at biggerpockets.com slash talent. That's biggerpockets.com slash
0:23.8	talent. You'll see a few questions and a place to submit a video reel of yourself. Again,
0:28.7	that's biggerpockets.com slash talent. If you'd like to lend your voice to the growing bigger pockets
0:33.8	podcast network. This is the bigger pockets podcast show 548. Just sharging off the disasters,
0:42.0	the failures, the times you were screwed by other people and just focusing very clearly focusing on
0:49.2	how to get back on top, how to get back in the game. That has been our key to success. It's
0:54.8	that just kind of dedication of saying, what is it going to take and being willing to do whatever
1:00.0	that is to get back instead of looking in your rearview mirror and being bitter at whatever just
1:05.3	happened. What's going on about it's Brandon Turner host the bigger pockets podcast,
1:13.6	the show where we teach people that real estate investing can change your life forever. And you're
1:20.1	going to hear about how real estate changed to awesome buddies of mine their life forever on
1:25.8	today's show. And we're going to get into a bunch of cool stuff. But first, let me bring in my
1:29.9	friend, my bestie and the future full host of the bigger pockets podcast in the new year. David
1:38.1	Green. David Green. Man is good once again to be joining you for one of our last together shows
1:43.6	for a while. It's good to be joining anyone that says what you just said about me. I mean,
1:47.6	you could do that all that you want. How do I hire a person like you to just go before me and
1:51.6	announce me in that same way that you just did? Well, let me just let me just add to your ego a
1:55.5	little bit. So as we jump on this call to talk a little bit ago, me and David to record this
	...

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