53: Investing Without Loans and Retiring Early with Jason Hull

01/16/14 • 99 min

1 Listener

On today’s episode of the BiggerPockets Podcast we have an incredible chat with financial planner, real estate investor, and an all-around great guy – Jason Hull.

Jason has a great story of how his early mistakes led to his conservative but effective strategy of building wealth through rental property... all without the use of leverage, loans, or doing any labor. Jason has some terrific insight into the way our human behavior causes us to act and invest, – so don’t miss this entertaining and informative show that will have you looking at your real estate in a whole new light.

Read the transcript for episode 53 with Jason Hull here.

In This Show, We Cover:

Getting over-extended with his first deals and facing the housing collapse
The “Oh Crap” backup plan
The only two ways to make money in real estate
Separating your skills from what the market is doing
Getting “lucky” in real estate
Getting to “P.I.R.E.” = Passive Income, Retire Early
Why Jason doesn’t use leverage (mortgages)
How to find an awesome property manager
Working with a Financial Planner
Stocks vs. Real Estate... Where is the balance?
Why you should open a Roth IRA with $100

Links from the Show

Books Mentioned in the Show

123 Home Depot
Entreleadership by Dave Ramsey
The Goal by Eliyahu M. Goldratt
The Four Hour Chef by Timothy Ferriss

Tweetable Topics

Invest for the cash flow. The appreciation is just gravy. (Tweet This!)
I want to be lazy when I retire! (Tweet This!)
Having money problems with your spouse is a sign of bad communication. (Tweet This!)

Connect with Jason

Jason’s Website: HullFinancialPlanning.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast we have an incredible chat with financial planner, real estate investor, and an all-around great guy – Jason Hull.

Read the transcript for episode 53 with Jason Hull here.

In This Show, We Cover:

Getting over-extended with his first deals and facing the housing collapse
The “Oh Crap” backup plan
The only two ways to make money in real estate
Separating your skills from what the market is doing
Getting “lucky” in real estate
Getting to “P.I.R.E.” = Passive Income, Retire Early
Why Jason doesn’t use leverage (mortgages)
How to find an awesome property manager
Working with a Financial Planner
Stocks vs. Real Estate... Where is the balance?
Why you should open a Roth IRA with $100

Links from the Show

Books Mentioned in the Show

123 Home Depot
Entreleadership by Dave Ramsey
The Goal by Eliyahu M. Goldratt
The Four Hour Chef by Timothy Ferriss

Tweetable Topics

Invest for the cash flow. The appreciation is just gravy. (Tweet This!)
I want to be lazy when I retire! (Tweet This!)
Having money problems with your spouse is a sign of bad communication. (Tweet This!)

Connect with Jason

Jason’s Website: HullFinancialPlanning.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

Previous Episode

52: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy

On today’s episode of the BiggerPockets Podcast, we talk with one of the most influential voices in the real estate investing world today – Ken McElroy.

Ken, the author of The ABC’s of Real Estate Investing and several other influential books, shares his story of getting started with nothing and building up a real estate investment company with thousands of units and hundreds of employees. Ken has a lot of great advice and knowledge for people at all stages of their investing careers, and shares it in a fun, entertaining manner.

On today’s show we’re going to talk a lot about getting started, raising capital, and investing in large apartment complexes for big wins. Don’t miss a second of this exciting show!

Read the transcript for episode 52 with Ken McElroy here.

In This Show, We Cover:

Getting started with no money – through property management
Why should someone invest in multifamily properties?
Using other people’s money to invest in real estate
Investing at a distance vs. investing locally
Determining the best locations and markets to invest in real estate
Cash flow vs. appreciation: which is best?
Ken’s newest $9 million dollar project
Why Ken loves bad landlords
How to find amazing apartment complex deals
Raising millions of dollars in 20 minutes
How to find a great property manager?
Should someone start with Apartment Complex Investing?
The worst mistake you can make as a real estate investing

Links from the Show

What is a Cap Rate? (Capitalization Rate) (article about Cap Rates)
BiggerPockets Presents: The 21 Best Real Estate Books Ever

Books Mentioned in the Show

The Art of the Deal by Donald Trump
The Best Real Estate Advice I Ever Received by Donald Trump
Turning Pro by Steven Pressfield
Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization by Dave Logan
The Crash Course: The Unsustainable Future Of Our Economy, Energy, And Environment by Chris Martenson
The ABC’s of Real Estate Investing by Ken McElroy
The Advanced Guide to Real Estate Investing by Ken McElroy

Tweetable Topics

The faster you fail, the smarter you get. (Tweet This!)
“You don’t need to be an expert at everything.”(Tweet This!)
There’s a lot more money out there than deals. (Tweet This!)
The best deals are generated from face to face relationships. (Tweet This!)
The entire goal of my company is to replace myself. (Tweet This!)

Connect with Ken

Ken’s Website: KenMcElroy.com
Ken’s BiggerPockets Profile

Learn more about your ad choices. Visit megaphone.fm/adchoices

Next Episode

54: Investing in Under $30k Real Estate, Working a Day Job, and Good Vs. Bad Neighborhoods with Lisa Phillips

How much money does it really take to buy a rental property?

$200,000? $100,000? $75,000?

On today’s show, we are going to chat with Lisa Phillips, a real estate investor who buys real estate in the under-$30,000 range and achieves some incredible cash flow from her mostly-passive investing. Lisa shares some amazing insights into how she went from a personal foreclosure to owning several rental properties – bypassing the banks and investing creatively. If you are someone who is looking to get started investing with real estate investing without spending hundreds of thousands of dollars – this is the show for you.

Read the transcript for episode 54 with Lisa Phillips here.

In This Show, We Cover:

Investing in real estate while navigating the instability of day jobs
How going through a foreclosure changed Lisa’s financial future... for the better
Knowing when to call it quits
Tips for negotiating with creditors
What makes motivated sellers attracted to a certain real estate investor?
Tips for defining a good vs bad neighborhood
Finding a property manager who exceeds your expectations
How much does a good property manager charge?
Simple tips for attracting the best tenants to your rental properties
The positives and negatives of low-price investing
What crimes are acceptable?

Links from the Show

Books Mentioned in the Show:

Rich Dad Poor Dad by Robert Kiyosaki
The 4 Hour Workweek by Tim Ferriss

Tweetable Topics

“Be clear & upfront with what you can do for other people. What’s in it for them?” (Click to Tweet!)
“Landlords: never sacrifice your standards just to fill a vacant unit.” (Click to Tweet!)
“When looking to invest in real estate, leverage the power of the internet.” (Click to Tweet)

Connect with Lisa