BiggerPockets Real Estate Podcast

BiggerPockets Podcast 240: Flipping Your Way Out of (Student Loan) Debt & the Transition to Rentals with Brentin Hess

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Financial debt (like student loans or credit cards) is irritating, expensive, and flat-out dangerous. But you don’t have to be stuck paying the minimum payments for decades like most Americans. Today, we’re excited to introduce you to Brentin Hess, a young investor who “flipped his way out of student loan debt” and has already been able to quit his job thanks to his real estate investments. You’ll learn how Brentin used a partnership to begin his house flipping journey, as well as the mistakes that cost him time and money in the beginning. Brentin is incredibly inspiring, so take time to listen to this entire episode—and prepare to have a fire lit beneath you!

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In This Episode We Cover:

  • Tips for getting into real estate at a young age
  • Brentin's experience of having a real estate license at 19 years old
  • How his first partnership came to fruition
  • How to deal with contractors when you’re young
  • The details of his first deal
  • Tips for leveraging capital
  • What exactly a Guidance Line of Credit is
  • The importance of building relationships
  • Why he shifted from flipping to rental properties
  • How he financed a multifamily deal
  • Tips for finding the right partners
  • When you should consider the rent as stabilized
  • How he quit his job
  • The story of how Gary Vaynerchuck was a guest for his event
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Fire Round Questions

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Connect with Brentin

Real strategies that work for real people seeking to build wealth through real estate investments. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals, who chat about failures, successes, motivations, and lessons learned.
    Gregg Hutton Real Estate Agent from Forest, VA
    Replied over 3 years ago
    Great Show ! The segment about transitioning from the workplace is fire !!!!!
    Jeremy Roll Realtor from Olathe, KS
    Replied over 3 years ago
    Inspirational podcast. Brentin was a fantastic guest. Wise, humble, and mature beyond his years. You know else was great…the Host and co-host of course. 😉 Brandon, it’s now weird that you walk through a cemetery. You actually can find some interesting headstones in there that have some really old dates.
    Karen Gard Investor from Lutz, Florida
    Replied over 3 years ago
    The podcast was full of good insights. Brentin is clear he knows the “why” of what he is doing! Definitely with Brandon on adventures through cemeteries!
    Agnes Kamau from Gaithersburg, MD
    Replied over 3 years ago
    Love the podcast! Quick question to Brentin. I’m also in MD (Essex) and currently saving and researching to buy my first property. I read in the Baltimore Sun that its population has declined and is the lowest in a 100 years. Any thoughts about this? I’m grappling with the decision on the location to purchase and the numbers in Baltimore city work. Also, any thoughts on up and coming areas in the city like Remington? Thanks.
    Account Closed from Los Angeles, California
    Replied over 3 years ago
    Brentin was speaking to me when he discussed his experience with the govt and his co-workers were counting down the years until retirement!! My treasury dept coworkers were doing the EXACT same thing and I realized that I had to get out! It is crazy to think that someone is dreading every day, every week, and every year of their professional life to wait until 30+ years of working to enjoy a little bit of money & freedom! I’m so happy for Brentin and he took was bold enough to take the jump into following his passion and being a great example to his niece & nephew. Congratulations on all your success and thank you for taking the time to share your story!
    Stephen Lee Rental Property Investor from Clarksville, MD
    Replied about 3 years ago
    what a STUD!
    Trina Butler Specialist from Akron, OH
    Replied over 2 years ago
    Thank you for sharing this podcast , I enjoyed it, there was some interesting stories on success, and I am so delighted that your story turned into great one, and you are able to provide advice and share with others, this speaks volume about you.