50 Units in 5 Years while Working a Full Time Job with Josh Sterling | BP Podcast 64

biggerpockets.com/show64
Working a full time job while investing in real estate is not always easy - but as our guest today shows us: it’s totally possible. On today’s show we chat with Josh Sterling, a real estate investor who has built up a portfolio of fifty units (complete with rehabs and doing his own management) all while working a full time job.
Discover the tricks, tactics, and systems that Josh has used, as well as an inside look at his creative finance methods to acquire these properties. This show is definitely one that people will want to come back to time and time again!
Check the show notes here: www.biggerpockets.com/renewsbl...

[@JayWerx]

He called 50 credit unions and 48 told him no. That there is what will always separate the successful from the unsuccessful.

[@lauraquinche6402]

,, ,ee÷2 and DC cesa Fixture's . G h pppp pop xnxhs,hz,

[@claporga]

@@lauraquinche6402 /r/ihadastroke

[@dustyjames5363]

Exactly, never take "no" for an answer and keep going until they say "yes"!!

[@mojogrip]

I had to come back and listen to this episode years later. thanks Josh!

[@juliec.marschlowitz9128]

Separating emotions from business is so important. Great information, thank you

[@cityparkproperties7001]

Yes, those days (2014-15) were good. I am sure prices have doubled since then. Buying for $40K and getting $1000 rents is fantastic and unheard of in my areas.

[@adamwilson301]

Great information I look forward to implementing some of the information you guys have shared. Over half done with school then plan in working and buying houses too.

[@juliec.marschlowitz9128]

Thank you for adding CC on many of these podcasts. I appreciate it. 😀

[@StrangeEarthProject]

you guys rock love all the podcasts and webinar! ty

[@JessnT]

Awesome video I own to condos in FL but so focused on going into 16 unit or more complex definitely nervous and excited at the same time. Would love to see more videos on the multi family building. And a little more of a breakdown or a little more explanation on A land contract.

[@Martin12000]

amazing video guys. I'm really motivated to start my real estate investment and this video was very informational.

[@kylenagle4975]

Couldn't ask for a more perfect video. I'm a former pilot, FAA air traffic controller, 31 years old. Looking into starting with small single family rental home to start with by the end of this year. Awesome thanks!

[@biggerpockets]

+Kyle Nagle That's awesome. Best of luck :)!

[@wmurray003]

Did you do the first rental yet Kyle?

[@renanuneza8932]

Update us!

[@renanuneza8932]

Kyle Nagle :)

[@andrewclastic2835]

Kyle, do you have an update?

[@JordanSC]

Got it, I learned to go for the Fannie Mae loan where you have to fix up the place your self. If you are willing to fix it up your self. It is always nicer to hire a contractor. But that is up to you. What about the New York tri-state area? Which areas would you invest in if you had 50k?

[@kumarprem7943]

Another wonderful and inspirational podcast. You guys are lucky to live in a country where hardwork is encouraged and rewarded. The people who want to improve their own lives by working hard and provide a valuable service are rewarded and the investing in real estate is encouraged. Here in UK, we are now slapped extra 3 percent stamp duty tax if anyone wants to work hard, save money to buy a second house as second home or for rent as an investment. Nevertheless very inspirational podcast. Thank you BP. Here

[@frankcarr1884]

That strategy of over rehabing the property and renting it just, just a little less than the competition did really worked out for me in the long run. I do. really keep good tenants longer doing that.

[@seanprovidence9368]

Lots of great information.

[@nancy-ls2oj]

Great knowledge!

[@l.s.754]

This guys are doing a great job.

[@williamsmith3331]

we are looking to move to a larger home to start home daycare. market analysis: sell and make realistically 7k or rent for 200-350 over pi and escrow.

[@shyndashu]

Wish could find homes that cheap in my area to start out. Even the cheapest foreclosed condos are 80k in B areas.

[@LoveConquersAll888]

Great video. What was the management software?

[@sellis7563]

So what is the name of the Fannie Mae HomePath program that Josh used to purchase his property?

[@arousdecor3594]

Best video ever!!!!!!

[@baseball540]

Does anyone know of a good rent collecting software or management company? How does that work does it affect their credit if they don't pay and what are the fees like on something like that? Thanks!

[@TheMonetteFamily]

Hey, we started out doing the same thing! Still doing it now!

[@badboy4life414]

Starting at 5:00

[@C6VETTE247]

Sick!!

[@jpatt2809]

56:00 what is the name of the software?

[@johnturner2283]

Continue reading to learn more.

[@Pumpspringsfarm]

what is the best state to incorporate in for real estate so that I can put the properties my businesses name?

[@MrCubansurfer]

John Adair Wyoming

[@clarencearchibald8100]

Wow, you wouldn't touch Detroit? Hottest market in the country..... I have investors from as far as India setting up cash flowing properties. We just completed our 100th rehab this month.

[@clarencearchibald8100]

Mang Shawn email me your contact information. www.Greatlakespmg.com

[@clarencearchibald8100]

I've tried to email you. It won't go through. [e-mail]

[@IRON5]

Clarence Archibald Grand Rapids works for me...

[@aram.v]

a bunch of $$ is being poured into Detriot.

[@mike_lives]

Downriver, MI here. We're in the same area my man

[@mike_lives]

I just realized this is from 2015 lol he must have 100 properties now

[@drumstyx]

You started buying around the time of the recession? In that case, no, not 'anyone can do this' -- this is a right place, right time situation.

[@kennynoel2863]

Your not going to get far with that mind set. There are opportunities everywhere. If your hungry enough, you can do the same.

[@clarencearchibald8100]

Erich Knoop I've been buying now since 2002. We were using bank financing prior to the "fall". After we regrouped and started buying with cash. The game changed but still lots of opportunity

[@clarencearchibald8100]

During the Auction. But realistic to be in a marketable area you should expect to be $15k to $20k per property.

[@wilsonmancho7381]

Make a video detailing how others should use your product.

[@johnturner2283]

Wilson Mancho While a lot of people have frequently asked question sections on their sites, it is a good idea to make a video.

[@ibjames]

how do you do a kitchen a bathroom and floors for 10k?

[@StimsLuap]

Gently used appliances, cheap laminate and carpet, paint cabinet boxes, Amazon cabinet hardware, $200 home depot vanity, $100 toilet, paint, cheap home depot countertops.

[@StimsLuap]

I just did a full main floor in Menards laminate at $0.65/ sqft, with mail in rebate of $130 off of $300, which paid for 2/3 bedrooms worth of $0.75/ sqft carpet.

[@nathanmcbride1462]

Putting in your own sweat equity.

[@NinaInternational09]

Can someone please explain what a blanket loan and a homepath home is? Thank you in advance

[@darius_oneofone]

A blanket loan, or blanket mortgage, is a type of loan used to fund the purchase of more than one piece of real property. Blanket loans are popular with builders and developers who buy large tracts of land, then subdivide them to create many individual parcels to be gradually sold one at a time.

[@generalee72]

Well, if I know nothing else about the team that rehabbed my house. I know for a fact they were NOT emotionally involved in "fixing" my house up.

[@Revoswathead]

great video

[@valminnis5819]

Wow

[@KirilGerovski]

In my market I will be lucky if I get 0.5% rule...

[@dmepropertiesllc8382]

I thought HomePath loans required you to live in the property?

[@wilsonmancho7381]

DME Properties LLC You could also hire a production company if you are not sure how to do that.