BPCon 2019: The Most Impactful Takeaways From My Conference Experience

BPCon 2019: The Most Impactful Takeaways From My Conference Experience

3 min read
Marcus Maloney

Marcus Maloney is a value investor and portfolio holder of residential and commercial units. Marcus has been named the “Equity King” for his impressive ability to find real estate opportunities with massive amounts of equity.

Experience
Marcus, a high school dropout, went from G.E.D. to M.B.A. Although his education has a major impact on his investment philosophy, the real impact came from his upbringing.

Marcus thrives on completing successful transactions. As a young kid, his parents and grandparents faced many challenges; as a result, it made him think of ways he could help. His mother and grandmother were avid investors—not in the market but in people. Marcus was a recipient of those investments. And his early years were hard work growing up on a farm.

Marcus was a strategist at an early age. To relieve the burden of his family buying him clothes when it was time to return to school, he decided to make a small investment that paid big dividends. Marcus decided to purchase a small piglet at the beginning of summer, feed it until it became fat, and then sell it to a local farmers’ auction before the school year started. This was one of his first transactions and the beginning of his adventure of finding equity in every opportunity.

Marcus’ hard work continues today: He has completed over $3.3 million in wholesale transactions. Currently, Marcus is a licensed agent who wholesales virtually in multiple states while building his investment portfolio. Although wholesaling provides great money, he saw the opportunity to buy some of the deals he found and convert them into cash flowing rentals.

Marcus currently holds seven rentals, two of which are commercial units. He’s also done the unimaginable and purchased a school, which was converted to a daycare center. Again, he turns what is a marginal profit into a significant equity position. He leverages the equity by using the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy to increase his portfolio without any money out of pocket.

Marcus has been featured on numerous podcasts, such as the Louisville Gal Podcast, the Best Real Estate Investing Advice Ever podcast, FlippingJunkie, and many others. He’s currently a featured blogger for BiggerPockets, the largest community of real estate investors in the world.

Along with completing transactions and working to build his portfolio, he provides mentorship to aspiring investors. This is done through one-on-one interactions and through his successful YouTube channel and blog.

Marcus does utilize his M.B.A. for more than real estate. As a consultant for a successful non-profit institution south of Chicago, he uses his expertise in the development of human capital. His philanthropic efforts help existing stakeholders develop in their capacity to serve those in need of assistance.

Education
Marcus completed his M.B.A. in 2011 from Olivet Nazarene University.

Follow
EquityRealEstateBlog.com
YouTube

Read More

Join for free and get unlimited access, free digital downloads, and tools to analyze real estate.

A couple weeks removed from BPCon 2019, I finally can write a review of the event.

BiggerPockets Conference 2019 Recap

I would like to thank the amazing BiggerPockets team for pulling this off. I had an amazing time. The camaraderie was great and the venue (the Gaylord Opryland Resort) was unlike any other, but the education and the speakers really made it worth my while to make the trip to Nashville.

If you were not there, you’re probably wondering what all the buzz was about.

During these three days, all the attendees had the opportunity to learn from very accomplished speakers and meet other attendees from around the country. I believe there were some international guests, as well.

Let’s dig into to this recap. I’m sure you saw pictures on social media (#BPCon2019) from from everyone who attended, but let’s discuss some of the content that was presented.

Content at BPCon 2019

With all the information and education that was available, it was unfortunately impossible to attend every single breakout session. I’m sure I missed tons of quality information—but what I did take in was top notch!

Brandon’s Keynote

I’ll start with Brandon’s keynote day one. Yes, Brandon Turner the author, educator, investor, and host of the BiggerPockets Podcast (you probably know the voice to say it in).

Brandon shared his thoughts on the simple things that separate successful investors from those who give up, fail, and never get started. To sum his keynote up, Brandon shared that you have to jump in despite being scared. The time will never be right, but you have to make the best of each opportunity. No matter what you’re facing, you have to have the fortitude and challenge yourself.

So, we got started with a BANG!

Day 1 Breakout Sessions

I’m going to share with you the breakout sessions I attended and just a snippet of the content that was shared with the audience.

“Shift Happens” With Anson Young

Anson Young shares a lot of content on BiggerPockets, and he did not disappoint in person either. Anson discussed how the ebbs and flows in real estate are fluid. You and your business have to be just as fluid as the market.

Marketing is the lifeblood of finding great deals. In the industry today, many of us know it’s harder and harder to find deals. Anson shared with us proven strategies—like stacking—to ensure your marketing is targeting the correct seller. This is done by using more than one demographic to find motivated sellers.

For example, when doing direct mail, you will find a seller that is on multiple list such as he/she is on the absentee owner list, the out of state owner list, the property is vacant, who is behind on taxes and the water is cut off.

A person on this list highly motivated. Marketing does not have to wide (reach a lot of people). Marketing need to go deep to reach the right people.

“From 2 to 222 (and Beyond): How to Scale a Multi-Family Portfolio” With Liz Faircloth

Liz Faircloth and her husband Matt‘s breakout session was an eye opener—especially for me. I’m currently making the transition from single family to multifamily. Their strategy was simple and can be easily replicated.

They discussed the process of how they started with a few properties and re-purposed them. This was done by using the BRRRR strategy. If you are unfamiliar with buy, renovate, rent, refinance, repeat (BRRRR), I advise you to become familiar with it, because it’s a proven strategy to build wealth.

Related: 4 Reasons You Should Attend a Real Estate Investing Conference This Year

The Faircloths are now syndicating deals across the country, and again, it got started with a few small multifamily properties.

These were just some of the sessions on day one. And while the first day was great, day two got started with an emotional keynote address from the founder of BiggerPockets, Josh Dorkin.

real-estate-conference

Josh Dorkin’s Keynote

Joshua Dorkin‘s story was so captivating that, even in a room of a few thousand people, everyone was listening so closely that you could hear a pin drop. The power of focus and intentionality was expressed, from Josh’s humble beginnings to the adversity his daughter and family had to overcome.

I was truly a witness to how focus and being intentional will create massive success in your life.  You really had to be there to grasp the magnitude of this keynote. My written words will not and cannot do it justice.

Day 2 Breakout Sessions

From “10 Pro Tips for Running Your Business Like a Business” by J Scott to “Becoming a Private Money Rockstar” by Jillian Sidoti, day two was another filled with quality content.

Sterling White shared his tips on finding off-market deals with “Forget the MLS: Direct Mail and Other Strategies to Find Off-Market Success,” and Paul Moore discussed “Moving on Up: Making the Switch from Residential to Commercial Real Estate Investing.” There was something for all levels of investors.

I can truly say the experience was well worth it. Being a blogger for BiggerPockets, I also had a chance to meet many of my fellow authors/bloggers. I will now have a deeper perspective when reading many articles on BP.

If you missed BPCon 2019, make sure you’re prepared for BPCon 2020! I sure will be.

ad-bookstore

Did you attend the conference? What were some of your key takeaways? If you didn’t, will you attend next year?

Let’s talk in the comment section below.