174: Lessons Learned From 2,000+ Transactions Over 44 Years with Dave Short

Around BiggerPockets, we often encourage newer investors to sit down with an experienced real estate investor to “pick their brain” and soak up their wisdom. Today on the BiggerPockets Podcast, we want to do just that. Dave Short began investing in real estate nearly half a century ago and has an incredible level of insight into the ups and downs of building wealth through real estate. We cover everything from overcoming failure to flipping a hundred houses in four years and much more! In This Episode We Cover:How he got started in real estate from a factory job 44 years agoThe grave need for property management and liquidating their businessThoughts on going through investing with over a million dollars in debtTips for making partners instead of having bank relationshipsHow help from the outside opened his eyesWhy you should stay in the game despite failuresThe importance of working with the right peopleHow many transactions he has done over his real estate careerHow he flips a houseWho’s on his teamHow to hook a spouse on investing in real estateHow he buys his dealsHow to get a good transaction as a wholesalerMaking a deal by solving other people’s problemsHow to show yourself to be legit as a wholesalerWhy you should find a veteran investor in your marketWhat “pre-habbing” a house isAnd SO much more!Links from the ShowBiggerPockets JobsGoogle PlayTim Ferris’ PodcastBP Podcast Show 91: Getting Started as a Real Estate Wholesaler with Ben GriseBiggerPockets Keyword AlertsBiggerPockets MeetBiggerPockets Analysis ToolsBiggerPockets ForumsBooks Mentioned in this ShowThe 4-Hour Workweek by Timothy FerrissThe Book on Rental Property Investing by Brandon TurnerThe ONE Thing by Gary Keller and Jay PapasanThe Millionaire Real Estate Investor by Gary KellerBurst This! by Frank McKinneyUnlimited Power by Anthony RobbinsAwaken the Giant Within by Tony RobbinsTweetable Topics:“The management is the key to success, and real estate is just the vehicle.” (Tweet This!)“In buying and selling real estate, every house has 2 to 4 solutions.” (Tweet This!)“The beauty in staying in the real estate business for 44 years is if you’re in a slump for 4 years, that’s only 10% of your career.” (Tweet This!)“If you can’t ask the right questions, then you’ll never get to the solution.” (Tweet This!)“I never look at them as competition. They’re people we work together with, and we can all make a living.” (Tweet This!)Connect with DaveDave’s BiggerPockets Profile

Episode 174 of the BiggerPockets Real Estate Podcast podcast, hosted by BiggerPockets, titled "174: Lessons Learned From 2,000+ Transactions Over 44 Years with Dave Short" was published on May 12, 2016 and runs 73 minutes.

May 12, 2016 ·73m · BiggerPockets Real Estate Podcast

Summary

Around BiggerPockets, we often encourage newer investors to sit down with an experienced real estate investor to “pick their brain” and soak up their wisdom. Today on the BiggerPockets Podcast, we want to do just that. Dave Short began investing in real estate nearly half a century ago and has an incredible level of insight into the ups and downs of building wealth through real estate. We cover everything from overcoming failure to flipping a hundred houses in four years and much more! In This Episode We Cover: How he got started in real estate from a factory job 44 years ago The grave need for property management and liquidating their business Thoughts on going through investing with over a million dollars in debt Tips for making partners instead of having bank relationships How help from the outside opened his eyes Why you should stay in the game despite failures The importance of working with the right people How many transactions he has done over his real estate career How he flips a house Who’s on his team How to hook a spouse on investing in real estate How he buys his deals How to get a good transaction as a wholesaler Making a deal by solving other people’s problems How to show yourself to be legit as a wholesaler Why you should find a veteran investor in your market What “pre-habbing” a house is And SO much more! Links from the Show BiggerPockets Jobs Google Play Tim Ferris’ Podcast BP Podcast Show 91: Getting Started as a Real Estate Wholesaler with Ben Grise BiggerPockets Keyword Alerts BiggerPockets Meet BiggerPockets Analysis Tools BiggerPockets Forums Books Mentioned in this Show The 4-Hour Workweek by Timothy Ferriss The Book on Rental Property Investing by Brandon Turner The ONE Thing by Gary Keller and Jay Papasan The Millionaire Real Estate Investor by Gary Keller Burst This! by Frank McKinney Unlimited Power by Anthony Robbins Awaken the Giant Within by Tony Robbins Tweetable Topics: “The management is the key to success, and real estate is just the vehicle.” (Tweet This!) “In buying and selling real estate, every house has 2 to 4 solutions.” (Tweet This!) “The beauty in staying in the real estate business for 44 years is if you’re in a slump for 4 years, that’s only 10% of your career.” (Tweet This!) “If you can’t ask the right questions, then you’ll never get to the solution.” (Tweet This!) “I never look at them as competition. They’re people we work together with, and we can all make a living.” (Tweet This!) Connect with Dave Dave’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode Description