724: The 3-Step System to Scale ANY Real Estate Portfolio

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 7 February 2023

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

You need to know how to scale your real estate portfolio. You’ve been stuck at the same number of units, dealing with the same problems for far too long. But what can you do? At what point do you reach a limit to the number of rentals you can take on? Is there even a limit at all? For most investors, hitting a wall in your real estate portfolio can feel like the beginning of the end. For David Greene, this just shows that you need to scale a little smarter. And today, he’ll show you exactly how to do it. David, at one point, had a portfolio of over fifty single-family homes. As a result, he was constantly getting calls about evictions, maintenance issues, late payments, and the everyday landlord headaches. He realized that he was spending all his extra cash flow fixing the regularly sprouting problems, so he decided to pivot. Now, he has a cash-flowing, profitable, passive real estate portfolio with multiple types of rentals nationwide and far fewer headaches. Not only that, he’s leading a top real estate agent team, teaching his top agents the same skills in his newest book, SCALE: A Successful Agent’s Guide to Leveling Up Their Real Estate Business. In it, David teaches top agents how to leave the mundane headaches behind and start building a business. But this book isn’t just for agents. If you’re an investor, the same rules apply to you, and learning these skills can help you leverage time, money, and other workers to help you grow an even bigger business. Pre-Order SCALE now, and use code “SCALE724” to get a special discount and access to exclusive pre-order benefits. In This Episode We Cover: A deep dive into David’s newest book, SKILL How David went from blue-collar worker to seven-figure business owner The two pieces of any successful system (and the part EVERYONE screws up) Why finding your weakness is the key to unlocking wealth Learning how to leverage time, money, and workers to build your business bigger The “three dimensions” of scaling and which one you MUST start putting into practice today Fish-cleaning vs. fish-catching and how to adapt your skills when building your real estate portfolio And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter The 5 Things You Need to Build a $1,000,000+ Rental Portfolio Books Mentioned in the Show SCALE by David Greene (Use Code “SCALE724” at Checkout) SKILL by David Greene SOLD by David Greene BRRRR by David Greene Long-Distance Real Estate Investing by David Greene Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-724 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pogs Podcast Show!
0:02.6	7.20.
0:04.2	Forward.
0:05.2	If you don't learn lead, you never get to scale.
0:07.7	You will always be managing the people that you have leveraged, you will have a high-paying
0:12.0	enterprise that is probably doing very well financially, but you are still very much involved
0:17.4	in.
0:18.4	When you get to leadership, you actually are able to influence large amounts of people
0:23.4	over shorter amounts of time.
0:25.0	You can scale to something like what Chick-fil-A has, or you can scale to something like what
0:29.6	Ken McElroy has with his real estate portfolio.
0:32.6	You can get really good at whatever it is you are doing and do it and mass if you can
0:36.7	learn the skill of leadership.
0:37.7	It's going on everyone, this is David Green, your host of the Bigger Pogs Real Estate
0:41.7	Podcast here with a special episode for you today where I get to talk more.
0:47.3	In today's episode, Rob is actually interviewing me about scaling a business.
0:51.9	Rob, I'm going to hand it over to you.
0:53.4	That's right.
0:54.4	We interview you, thy David Green, the titular host of the Bigger Pog.
0:59.1	You're Pog its podcast, man.
1:00.1	I'm excited.
1:01.1	The roles are reversed.
	...

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