763: Barbara Corcoran's Wild Real Estate Tactics You'll Want to Repeat

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 9 May 2023

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Barbara Corcoran understands real estate arguably better than anyone else. And while most of us know her from Shark Tank, Barbara swims in a league of her own as one of the most successful real estate investors and brokers in New York City. She knows the up-and-coming areas, the overpriced hipster neighborhoods, the streets to stray away from, and which will make you rich when owning real estate. And while Barbara has made a killing, she’s done it in a way foreign to almost any other real estate investor. If you want to know the “formula” for making a fortune, this is the episode to tune into. In it, Barbara uncovers the exact way she finds the hottest rental markets before anyone else, why she consistently overpays for properties, the reason you should partner on almost EVERY deal you do, and why small-time investors are MUCH more likely to succeed than the big players. Not only that, but Barbara also shares her past failures and why falling flat on her face was what she needed to see great success. She talks about her infamous word-of-mouth campaign that sold out an eighty-unit apartment complex in hours, the “Corcoran Report” that landed her on the front page of The New York Times, and why you MUST talk to waiters whenever investing in a new area. In This Episode We Cover: Barbara’s investing formula that will make you a FORTUNE (if you take the risk!) A terrible first real estate investment and a crucial finding Barbara learned from failing Overpaying for properties and why savvy investors don’t worry about the purchase price Cash-out refinances and why Barbara is ALWAYS taking money out of her properties Almost unbelievable marketing moves that Barbara made to boost her business Whether or not buying with today’s “high” mortgage rates is a mistake Why taking a night drive could be your key to finding the best real estate markets And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 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 Instagram Rob's TikTok Rob's Twitter Rob's YouTube Barbara Corcoran’s Top 5 Tips for Winning During a Market Downturn 3 Rules for Crushing It in Business w/Barbara Corcoran Connect with Barbara: Barbara's Instagram Barbara's Podcast Barbara's Twitter Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-763 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. 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, 7.63.
0:04.1	What's going on everyone is David Green your host of the Bigger Pockets Real Estate Podcasts.
0:08.0	Here today with Rob Abbasolo.
0:10.3	Not only are we the biggest, the baddest, and the best real estate podcasts in the world,
0:14.2	we also have another B. Barbara Corcor.
0:16.9	I try to be honest, one of them not f**king.
0:19.7	But a lot of people like to be right.
0:21.2	They like to be accurate.
0:22.2	Does it make sense?
0:23.2	They ask opinions.
0:24.2	They really sharpen this sword and they never get out there.
0:26.7	For those that are listening to you and they feel the call in their soul, I need to be
0:30.8	more like Barbara.
0:33.0	But they're just risk averse.
0:34.2	What advice do you have for those poor tinnitus souls?
0:37.2	Get out of the game.
0:38.2	I never gonna do well.
0:39.2	I hate to be that course, but get out of the game.
0:41.8	If you're afraid of risk, you have no business being real estate.
0:44.4	Today's guest is not other than Barbara Corcoran.
0:47.2	She is a straight D student, held 20 jobs before the age of 23 as an avatict talk user, host
0:52.7	her own podcast, Business Unusual.
	...

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