163: Making Your Real Estate Business Soar While Working a Full-Time Job with Bill Allen

Having a full-time job can make investing in real estate tough. However, with the right systems, people, and plan, your business can thrive no matter how few hours you have to dedicate towards it! In this episode of the BiggerPockets Podcast, we sit down with Bill Allen, a navy pilot who’s done just that in a very short time. We talk about hiring your first employee, finding good deals, using low down payment loans to fund your deals, and a lot more. If you are looking to make your real estate business launch into the stratosphere, don’t miss a moment of this show! In This Episode We Cover:What Bill does aside from being active duty in the U.S. NavyHow he got into the real estate worldThe importance of being able to walk away from a houseWhat you should know about the housing assistance programHis $185k loss in an investmentThe difference between buying rentals and buying primary residencesHis first investment propertyWhat exactly a VA loan isHow he uses VA loans creatively to finance his investingHow to treat real estate as a businessMistakes on his first flip and what he could have done betterHow Bill got private money despite not having deals under his beltTips for flipping while having a full time jobHow to structure your business to maximize the potential in your marketConsiderations while hiring your first employeeThe importance of setting task listsHow to incentivize those you hireHow many deals has Bill doneThoughts on diversifying your businessTips for creating a good websiteHow to funnel your leadsAnd SO much more!Links from the ShowThe BiggerPockets TeamHouse Hacking 101WordPressThemeForestBP Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny JohnsonBP Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay PapasanBP Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael QuarlesBooks Mentioned in this ShowThe Book on Investing with Low or No Money Down by Brandon TurnerThe Book on Flipping Houses by J. ScottThe 4-Hour Workweek by Timothy FerrissFlipping Houses Exposed by Danny JohnsonThe Bogleheads’ Guide to Investing by Taylor LarimoreThe Millionaire Next Door by Thomas J. StanleyThe One Thing by Gary Keller and Jay PapasanTweetable Topics:“It’s not emotional. I buy it as an investment property.” (Tweet This!)“If they can do it, I can do it.” (Tweet This!)“Know what the value of something is before you pay for it.” (Tweet This!)Connect with BillBill’s BiggerPockets ProfileBill’s Personal Website

Episode 163 of the BiggerPockets Real Estate Podcast podcast, hosted by BiggerPockets, titled "163: Making Your Real Estate Business Soar While Working a Full-Time Job with Bill Allen" was published on February 25, 2016 and runs 71 minutes.

February 25, 2016 ·71m · BiggerPockets Real Estate Podcast

Summary

Having a full-time job can make investing in real estate tough. However, with the right systems, people, and plan, your business can thrive no matter how few hours you have to dedicate towards it! In this episode of the BiggerPockets Podcast, we sit down with Bill Allen, a navy pilot who’s done just that in a very short time. We talk about hiring your first employee, finding good deals, using low down payment loans to fund your deals, and a lot more. If you are looking to make your real estate business launch into the stratosphere, don’t miss a moment of this show! In This Episode We Cover: What Bill does aside from being active duty in the U.S. Navy How he got into the real estate world The importance of being able to walk away from a house What you should know about the housing assistance program His $185k loss in an investment The difference between buying rentals and buying primary residences His first investment property What exactly a VA loan is How he uses VA loans creatively to finance his investing How to treat real estate as a business Mistakes on his first flip and what he could have done better How Bill got private money despite not having deals under his belt Tips for flipping while having a full time job How to structure your business to maximize the potential in your market Considerations while hiring your first employee The importance of setting task lists How to incentivize those you hire How many deals has Bill done Thoughts on diversifying your business Tips for creating a good website How to funnel your leads And SO much more! Links from the Show The BiggerPockets Team House Hacking 101 WordPress ThemeForest BP Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson BP Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan BP Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles Books Mentioned in this Show The Book on Investing with Low or No Money Down by Brandon Turner The Book on Flipping Houses by J. Scott The 4-Hour Workweek by Timothy Ferriss Flipping Houses Exposed by Danny Johnson The Bogleheads’ Guide to Investing by Taylor Larimore The Millionaire Next Door by Thomas J. Stanley The One Thing by Gary Keller and Jay Papasan Tweetable Topics: “It’s not emotional. I buy it as an investment property.” (Tweet This!) “If they can do it, I can do it.” (Tweet This!) “Know what the value of something is before you pay for it.” (Tweet This!) Connect with Bill Bill’s BiggerPockets Profile Bill’s Personal Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode Description