From 0 to 400 Units in 3.5 Years with Sterling White | BiggerPockets Podcast 308

[@biggerpockets]

Thanks for watching this episode! Will you scale like Sterling in 2019?

[@ppope1231]

How do you overcome all the realtors that have the markets?

[@jato62]

Probably not.

[@atouchofa.d.d.5852]

@@ppope1231 I think he does a fair job at describing some ways to capitalize. They are out there :)

[@humilityfirst1431]

Yes the Realtors are aggressive and annoying. Make me sound criminal to potential sellers.

[@charlottebingham4103]

There’s no other greater joy than having financial freedom and a life free of debts, all thanks to Mr carlos, cause he made me who I am today through binary trade. He has helped me a lot with his trading strategies which helps me to earn $12,550 weekly. I really appreciate it and can't help but let others know about it because it is so suitable anyone can trade from anywhere and anythime, you can reach mr carlos on IG @carlos_1uptrades his indeed a God sent. now i dont need to be working 9-5.

[@woog74]

After watching this, I would say Sterling's biggest success factor is his attitude. That guy seems like he could put a positive spin on anything and stay upbeat in any situation. His ice cream cone could melt away before he had a chance to finish it and he'd be like, "well I got to experience some of that ice cream, and ultimately I didn't need all the calories in my life, so I've been able to maintain a fit body while extracting some fulfillment from the melted ice cream cone."

[@HHesh]

😂😂

[@a.malachi8061]

😂🤣😂🤣😂😅

[@thespaniard977]

Sterling White you are a big motivator by the way

[@realestatecashflowideas4188]

Attitude is the most important thing to success

[@BrinAmberlee]

Lmaoooo so good

[@mikesmith7579]

i’m 14 years old and i’m already in love with real estate investing

[@jasonpeterson5934]

Same! Good luck! Passive income= A life full of options. Keep educating yourself. Knowledge is the most important thing.

[@mikesmith7579]

MrReallionaire100 Haha i don’t know about that one!

[@aamirbasir5464]

Preston Blumhagen You are already 8 years ahead of your peers

[@DaQuan-Boyd]

Awesome stick with it the goal is financial freedom and passive income!!!!

[@realestateinvestor9169]

Me too rn I'm getting into real estate as well!

[@batesbbq2309]

Holy crap I went to school with this dude he was a killer wrestler. Glad to see your doing well sterling

[@duamelvellon3112]

I got so much out of this call I did my own cold calls!! And it works!! Bonus... I met Sterling at a random opportunity in Florida. Most humble dude...

[@Ktascoe]

He glossed over the finance portion which is what most investors need assistance with

[@wisdomunderstanding9078]

I love how you all break it down to future investors like myself. I appreciate you guys!

[@seanwilkins528]

@Sterling White can I have your email address please?

[@kurtmichaelson]

The Rubik's cube idea is great! I'm thinking of sending some Excedrin to a homeowner who said he wants to be "free of this headache", to help him sign a contract to sell his house to me.

[@YakMotley]

Awesome video! Thanks for the information! I just got my third property!

[@dvincent9385]

Awesome!! It’s been 2 years, where ya at now??

[@BatistaInvests]

Man - I know what he's talking about in Indianapolis being rough. A guy that used to come over to my Dad's house every day and just hung out with all of us was killed in a drive by shooting at his mom's house. Amazing to see a guy come up and get out of that shit and become a literal absolute baller.

[@battousai994]

That axe and tree analogy when dealing with leads was the most eye-opening thing i heard of.

[@GabeBult]

Great show! Very inspiring. It was actually you guys who inspired me to start my own podcast and KZbin channel teaching people how to reach Financial Independence! Thank you keep it up!

[@koelg5858]

Gabe Bult I just subbed

[@GabeBult]

@@koelg5858 cool! Thanks hope you get some value!

[@joe9611]

Ultimately, this is one of my favorite podcasts.

[@ToddCapitalMedia]

Sterling is a great guy.

[@atouchofa.d.d.5852]

He's so inspirational!

[@MeZzZzZzZzZzZzZzZzZ]

6:56 I appreciate the dude in the white shirt...this guy asks the questions I want to know.

[@enigma6451]

I am with you buddy

[@Frenchyk]

Let's GOOOO BROTHA!!! 🙌🏾

[@harvardmurrayinc]

He developed systems and committed to working them.

[@christopherorr9652]

I saw mr. White in Chicago on a panel with his partner in a rod Kleif seminar very knowledgeable and inspirational. Good interview.

[@rawlings3938]

Sterling White Hi thanks for the nice info Sterling . You just gave me a route to follow . Do I need to start a business, like get a biz name to do this in scale ? Or just do it personally ?

[@BatistaInvests]

He's totally right about offering value. I did some podcasts over on my close friend Justin Chamness channel Real Estate Wholesalers Club and I had a partner approach me with 250K line of credit. That was it.

[@timnassar482]

Thank you guys for such an amazing channel, and really asking great questions and getting the answer to those questions.

[@Rochellecastro1]

Sterling: Your attitude is contagious, I love it! What made choose BP instead of the many trainers out there? I appreciate your feedback! TY😊

[@ThePropertyHatsTeamatRNYRNJ]

I said Crest and Colgate to myself before you said. Makes so much sense and I'm an agent.

[@XxowendanxX]

Sterling White is a cool name

[@RealSerie26]

Title is a bit misleading. With enough money (syndication) and dedication you can go from 0-1,000 in a year. It is not known how many units he personally bought during this period as in with HIS OWN MONEY.

[@jamesconwell95]

Thank you Bigger pockets, Brandon, David G., and all the crew for another incredible podcast.

[@endesheh]

What a great interview! Good job Sterling, your attitude is amazing! Got me motivated!

[@brucelualemaga5835]

This is one of my favorite videos he did it in three years this is my first year and I bought a duplex in Utah and still struggling in buying or finding properties. I guess I’m still struggling and figuring everything out. But bigger pocket breaks everything down for me, thank you 🙏

[@James-yi1vk]

Remember that he is an anamoly. He is only on the podcast because his case is an extreme exception. You can work as hard as he did and still not do this good because, as much as people don't want to admit it, quite a bit of his success is due to luck. He was in the right places at the right times....many times.

[@dailygrinders89]

Maybe I'm missing it but I guess I'm looking for the exact answer. No one says exactly how to get started. I'm guessing the buy a duplex method live in one side rent the other is the start.

[@biggerpockets]

Unfortunately (but fortunately), there are so many different ways to start. A lot of it depends on your personal financial position and goals. House hacking is an incredibly powerful strategy when first starting out, but it certainly is not the only way. Post your question in the BP forums and let the community help you! - www.biggerpockets.com/forums

[@technical19d34]

Same for me. I plan on selling my single fam home and cashing out the equity and just renting for a year or so in order to be able to not only actually qualify for any financing but have money for a down payment. Yes you can get started with no money down, but it's so hard and unlikely for the average person from what I have learned. I have made a 2 page financial plan that involves these steps and others -- including paying off 7k of credit card debt. This is all after trying the other methods..getting a heloc, etc. Every bank told me no. I don't have much in savings. So I have to just de-leverage, than start over. No matter what deal you find, you're more than likely going to have a few thousand for a down payment, and more on top of that for title fees. So the "you can start with no money out of pocket" stuff we constantly hear from all of these sources rings a little hollow. You DO have to have *some* money. If you're like me...single dad with 2 kids in high school and a good job but average income, then you have to pretty much wipe the slate and start over if you want to do it right and not go around hat in hand to banks who look at your debt to income ratio and always say no based on that. I have a plan and it WILL work, but man I'm going to have to make some big sacrifices first.

[@JaySmith-rv4ro]

Jon D good luck brother

[@technical19d34]

@@JaySmith-rv4ro thanks!

[@KidCity1985]

Buy Brandon Turners book, "The book on Rental Property Investing" great book, lots of answers. First time home buyers are eligible for low down payment and can buy up to a 4plex. Its called house hacking, look for a bigger pockets video on house hacking.

[@tanyagreen1181]

Great! Thank you so much for adding such value #motivation

[@itmagic4377]

Awesome, Sterling! Very impressive and innovative. Thanks a million for sharing!

[@karenparks5606]

I love Sterling White! GREAT content! Thank you!

[@exploringandtouring4705]

This guy is great. Nice episode guys.

[@lukehutchins1657]

This guy is awesome! Love the energy

[@LionelBalland]

Sterling has a great laugh, awesome video guys, very insightful!

[@keaton8182]

Brand "I love that" Turner

[@atouchofa.d.d.5852]

This guy shows how being positive and forward moving gets you where you want to go! Great show!

[@camilistico]

Dude this guy it’s amazing

[@469dwj]

I can find good cashflow properties everyday. Problem is where to get the financing. Hardest part

[@JustAGrl007]

Lots of good gems in this! But let's be clear. Wholesalers are not Realtors and to be a wholesale you don't act like one. I think David is being bias bc he is a realtor and most don't understand what wholesalers do. Wholesalers sell paper (contracts) not houses that's left to the realtor. Also Realtors are most times not investors so they may not also know repair cost on rehabs or ARVs. most times they're over-inflated the A RVs because they get paid based on commission so of course they want the house to go for the highest price possible. SN I'm not a wholesaler but I've studied both wholesaling and also took/ passed my states real estate sales associate testing.

[@smartmoneycafe1057]

Well done. Yes it's time to scale up. Thanks guys for bringing the fire. Cheers to you from the Smart Money Cafe community

[@r.j.w7924]

Great "positive attitude" type video but not a deep dive on the "how to's" or the steps that were taken to get there. I get the impression that Sterling is definitely more in his depth aa a marketing and sales guy and not so much of a capital raising or deal structuring type. Lot of the nuts and bolts answers were very vague. He talks about that first deal and then PRESTO he has 400 units! But still a pretty good "motivational" type interview.

[@aaajjworm]

I like this guy. I'd buy a house from him! Great interview!

[@kc_7584]

Great Episode. My question is how many properties is a change point to start putting people under you? And when to build team? I know there is no hard fast real but in general. Are we talking 4 properties? 10 properties. I know you should be able to handle 1 or 2 for sure (if they are local)

[@ajwysopal]

What do you mean by put people under you?? I own many many multi family and don't have " people under me" I would love to answer any questions the best I can from just my experience.

[@antonbriggs5680]

Maybe a better way to say it is to "Trust but Verify!"

[@cynthiagraham4046]

Anton Briggs Like Ronauldas Maximus said🇺🇸

[@keaton8182]

Reminds me of stoic philosophy!

[@humilityfirst1431]

Looking for a mentor in Forth Worth or Bogata Texas area. Have done a couple of projects in the past; excellent credit, a little cash on hand just need direction.

[@himmatsandhu8369]

A very positive person !!!

[@KidCity1985]

Great show!

[@Insuriosity1]

Thanks. This was very informative. Sterling is awesome!

[@whoarie]

how do you keep buying buying buying if you have no yob? what would you show the bank as income to purchase future properties?

[@NewProvidenceUF]

Chill Woadie For one you are making rental income. Secondly, you can leverage the equity in your properties as downpayment for your next purchase. That's a simple case but there are other methods.

[@reblscm]

Hey there, quick question (may or may not be relevant in the grand scheme of things): When you consider out of state investing, is whether that state is landlord-friendly a consideration at all when factoring your specific reasons for choosing that state in the first place? Sterling mentioned during their conversation something about taking 7+ months in Chicago to evict a tenant. I'm not sure if that was a joking statement in jest or if Illinois is a tenant-friendly state, but I'm sure it would factor into losses when determining where you're investing.

[@ajwysopal]

Some states are very landlord friendly and some are very tenant friendly..... I don't want to get political but usually strong Democrat areas are stronger tenant areas and usually strong republican areas are more landlord friendly. So I would check that before you do anything. Where I live it can take about 3-4weeks total... Unless the tenant does something extreme.. Then you can file a 7 day eviction.. But that 7 day is still after you give the eviction notice and court date.. So still takes over the 7 days.

[@nassyfran6780]

In NY is can take over 1 year

[@yosublim3]

Thanks for the awesome video as always, Bigger Pockets! My only question for you - What is an "ARV"? Thanks and keep pumping out the good content!

[@ChadPalsulich]

After repair value

[@CORleader4]

24:10 cold call roleplay

[@jazzyjazzjazz9768]

This episode was awesome!!!!

[@KEVINRYAN37]

Sterling is amazing. Balls.

[@marcmiller722]

This is exactly how I do everything

[@MaxxG]

So what's his monthly cashflow?

[@jessiechairez914]

Phenomenal interview!!!! Thank you so much you guys are awsome.

[@brucelualemaga5835]

I love watching the bigger pockets, but I have a question for every investor when you pass your 5th properly do you have to put other properties under a different LLC?. Or do you put all your property under one LLC?.

[@mr.baldhead3682]

Depending on what state you live in you can do a series.

[@seanresavy]

You can do both, it comes down to how you wanna structure it and how much risk you want to take

[@ziggy72893]

Great podcast . I learned a lot from this one. I am buying my first investment property in a few weeks (duplex) hope it works out:D

[@frankpappalardo4455]

Great Vlog/podcast

[@charlesjohnson7222]

I feel like I missed some of the dp info on the deep dive. How did he find that prior to securing the bank note?

[@judiko142]

Charles Johnson I think he said friends and family

[@wzeng02]

Really good interview - thank you for sharing

[@A_Changed_Heart_Ministries]

Awesome interview, great motivation, thank you!

[@jato62]

Like the sub/dive horn thing.

[@coldbloodtv603]

How many times did he say “ultimately” 😂😂😂 good show!

[@brutusempire]

DAMN!! I NEED 500 UNITS IN 2 YEARS!!

[@11m0]

don't we all lol

[@oregonflatland]

It can be achieved if you are already rich to begin with, which is what a lot of these people in these interviews are. If you have enough capital, you could go out and buy 500 units your first purchase.

[@shalalala868]

@@oregonflatlandSterling said he had a negative net worth when he started. Wholesaling and loans from family/friends is how he started, as per this video if I heard correctly.

[@marcduchamp5512]

@@shalalala868 Always need other people’s money and capital for RE. A lone gunman can only go so far

[@henrim9348]

Amazing interview . Thanks guys ... Great insights, Great gems.

[@BrockPageProductions]

Real wealth!

[@stanleybrown1151]

He said something about cashing out but holding on to the location. I do not understand what he means.

[@humilityfirst1431]

How can I contact Sterling?

[@Worm20Deezy]

Humility First that’s what I want to know

[@marcduchamp5512]

Just wanna find a house or duplex that make more rent money than the carrying costs. Too much learning just confuse and hamper the decision

[@christopherdavis575]

Great podcast! Keep up the great work.

[@loreandlegend8984]

Lol I did the pokemon card hustle. Always selling stuff looking at real estate now! Thanks for your story

[@superagario9249]

Hi Guys, I’ve just sold my business and will net 1.5 million dollars (USD). You guys seem so smart and I’d really appreciate your advice here. I’m interested in getting into real estate with zero experience in real estate, so my question is, should I go big straight away, or start slow? I am a business person so I’m not scared to jump in with both feet if that’s the right thing to do. Again, your opinion would be great appreciated. Thanks is advance.

[@mayopenshaw4227]

Congrats. We need more investor like you.

[@ejcorinealdi]

Yes!!

[@papichulo23]

I'm more of a Sensodyne type of guy

[@truthspeaksgroup1569]

This is an excellent video! Thank you

[@Brehon_TalkingFinance]

This was great!

[@ElPionero447]

Why would you buy a house for more than 3 million dollars? It is hard to sell it and hard to rent it out. Walk me thru the thoughts behind this investment please.

[@PeterStewartRealtyLLC]

It was an 80 unit apartment building, not a SFR.

[@ElPionero447]

@@PeterStewartRealtyLLC Oh, that explains it. Thank you for answering,

[@ajwysopal]

Multi family baby 🙏

[@angeladickerson2266]

Very inspiring

[@ElleCasey]

awesome info. Thanks for sharing!

[@jonasdumalin9362]

Great video ^^

[@joelburrow9195]

Excellent info thanks for posting it. 😎

[@matthewconner463]

💯 AWESOME👍🏾💲💲💲👊🏾INVESTOR

[@ES-fr3yz]

I'm a Tom's O' Maine kind of guy.

[@Trudy927]

I love all the knowledge. This is very informative. But now I hate the word “ultimately”. Lol

[@jaygee8216]

His answers are vague and general. looking for a more in depth and specific answers , nonetheless great video on all sides

[@ajwysopal]

Because he's talking of deals he did that were like #1-10 of #225 or so deals... And I thought he did a great job at providing his story and information for a free podcast.

[@omariedwards1346]

Sterling White hey Sterling would love the chance to ask you some questions .

[@biginvestment8299]

Sterling White start a KZbin!

[@ozzyonyx]

Brandon said "That' direct message for those on the DL" lol

[@sha_la007]

Great video! Im a newbie and no experience.

[@mikeyj7990]

I am sure his mentor saw his motivation to learn.

[@delas7389]

Great video

[@thoyo]

Energy is fire 🔥

[@arieallewis1]

So basically #1 get a college degree then do noting with it. I not have time or money for that. Then I must be screwed

[@armandoflores2033]

Good stuff

[@paulmoreese]

Getting push bank from my broker that you can only buy investment property @20%. I’ve heard credit unions can get in under15%. Anybody else have good experience using a CU?

[@munnygetmoney]

Become a resource to find a resource.

[@TheGOATof909]

Did this guy say he owns 150 houses!!?? Wtf!!?? Crazy!!

[@marcduchamp5512]

He partnered with others. Not everything owned by him

[@Matt90541]

Tiki Barber?

[@thompsonthomas7842]

What's the name of the book.. jab jab?

[@realestatecashflowideas4188]

Cool story