56: Syndicating Deals, Investing without Tenants, and Tax Liens with Ankit Duggal

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 6 February 2014

⏱️ 85 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Dealing with tenants can be a pain… which is why on today’s show we’re going to go beyond tenants and look at some “no-tenant” methods of investing in real estate. Specifically, we’re going to talk with real estate investor Ankit Duggal about his journey from real estate agent to syndicator to house flipper to landlord and finally to tax lien investor. Ankit has a great story and offers hundreds of great pieces of advice on this show perfect for both the new investor or someone looking to add some new skills to their investor tool belt! In This Show, We Cover: Getting started at a young age Transitioning from Agent to Investor How Ankit financed his early investments using other people’s money Your three circles of influence for raising money The three team members you need before syndicating Investing with close family members What is a tax lien and how (and why) to buy one. Earning 18% on your money through Tax Liens Why tax liens have almost no risk How to do your due diligence on a tax lien And lots more! Books Mentioned in this Show The Real Estate Game: The Intelligent Guide To Decisionmaking And Investment by William J. Poorvu Built to Sell: Creating a Business That Can Thrive Without You by John Warrillow Links from the Show: Buildium Brandon’s 7 Year Plan BP Podcast 007: Making Appraisals Work For You with Ryan Lundquist Tweetable Topics I’m not “money-driven” – I’m “lifestyle-driven.” (Click to Tweet!) Educated yourself as an investor. That’s the first step in any investment. (Click to Tweet!) I don’t believe in ‘get rich quick.’ You gotta put in the time and effort. (Click to Tweet!) Connect with Ankit Ankit’s BiggerPockets Profile Ankit’s BiggerPockets’ Blog Posts Ankit’s Website 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 56.
0:04.0	You're listening to Bigger Pockets Radio.
0:07.0	Simplifying real estate for investors large and small.
0:10.0	If you're here looking to learn about real estate investing without all the height, you're in the right place.
0:16.0	Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com,
0:22.0	your home for real estate investing online.
0:25.7	Hey, what's going on everybody?
0:27.0	This is Josh Dorkin, host of the BiggerPockets
0:29.8	podcast here with the delightful Brandon Turner.
0:34.0	How's it going Josh? What's up Brandon?
0:37.0	Oh, everything's delightful.
0:38.0	It is, isn't it?
0:39.0	It is. Things are always delightful here.
0:41.0	I always love it when you're in a good mood.
0:43.0	Sometimes you know, sometimes you get a little grouchy.
0:45.2	I've never not been in a good mood.
0:47.4	Oh, come on.
0:48.6	We're gonna take a poll.
0:49.6	Hands in the air, everyone, listeners.
0:51.1	Have you ever heard me in a bad mood I don't see any
0:53.4	hands see no hey see come on now no things are good things are good I got I'm
1:00.2	getting my rental property a little more stabilized
	...

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