{"id":56401,"date":"2014-04-17T00:05:34","date_gmt":"2014-04-17T06:05:34","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=56401"},"modified":"2023-04-11T04:54:02","modified_gmt":"2023-04-11T10:54:02","slug":"2014-04-17-bp-066-entrepreneurship-michael-blank","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2014-04-17-bp-066-entrepreneurship-michael-blank","title":{"rendered":"Flips, Apartments, &#038; Protecting Yourself From Professional Tenants with Michael Blank"},"content":{"rendered":"<p>On today&#8217;s show, we sit down with real estate entrepreneur <strong>Michael Blank<\/strong> to talk about his journey\u00a0from a\u00a0successful house flipping business\u00a0and his entrance into apartment buildings&#8230; and the systems needed to run his investments\u00a0well.<\/p>\n<p>Michael is a business entrepreneur through and through and\u00a0today we get to talk about everything from getting started, investing with no money, working with (and as) a wholesaler, and even hear the story of\u00a0the professional tenant that almost destroyed Michael&#8217;s investment career!<\/p>\n<p>This show is packed with useful, actionable tips, so don&#8217;t forget your pen and paper on this one&#8230; you are going to need it!<\/p>\n<h2>Read the Transcript<\/h2>\n<p><a href=\"https:\/\/www.biggerpockets.com\/bpp66-michael-blank-podcast-transcript-flips-apartments-protecting-yourself\" target=\"_blank\">Click here<\/a> to read the transcript.<\/p>\n<h2>Listen to The Show on iTunes<\/h2>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" src=\"https:\/\/playlist.megaphone.fm\/?e=BIGPOC6596268110\" width=\"100%\" height=\"200\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h2>In This Show, We Cover:<a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2013\/05\/BiggerPockets-Podcast-_-Real-Estate-Investing-and-Wealth-Building-9.42.11-AM1-150x150.jpg\" alt=\"BiggerPockets Podcast _ Real Estate Investing and Wealth Building 9.42.11 AM\" width=\"150\" height=\"150\" title=\"\"><\/a><\/h2>\n<ul>\n<li>How Michael <strong>started his investing journey<\/strong> by\u00a0flipping dozens of houses per year<\/li>\n<li>Why building up <strong>a network of wholesalers<\/strong> is important<\/li>\n<li>How Michael <strong>raised money<\/strong> to fund his flipping<\/li>\n<li>The &#8220;<strong>magic question<\/strong>&#8221; to ask when raise private money<\/li>\n<li>Michael mistakes and successes when<strong> getting started<\/strong><\/li>\n<li>Developing a<strong> great real estate team<\/strong><\/li>\n<li>Using <strong>virtual<\/strong> <strong>assistants<\/strong> in your business<\/li>\n<li>Michael\u2019s transition from <strong>flipping<\/strong> to <strong>apartment<\/strong> <strong>complexes<\/strong><\/li>\n<li>Michael&#8217;s tricks for <strong>finding<\/strong>\u00a0great commercial real estate <strong>deals<\/strong><\/li>\n<li>Michaels take on the topic of\u00a0<strong>rent<\/strong> <strong>control<\/strong><\/li>\n<li>Michael&#8217;s\u00a0<strong>major mistakes<\/strong>\u00a0in his REI career&#8230; and that one tenant in DC<\/li>\n<li>And so much more!<\/li>\n<\/ul>\n<h2>\u00a0Links from the Show<\/h2>\n<ul>\n<li><a href=\"\/renewsblog\/2013\/08\/29\/flipping-wholesaling-plan-sam-craven\/\" target=\"_blank\">BP Podcast 033: How to Close 27 Deals in Your First Year While Working Full Time with Sam Craven<\/a><\/li>\n<li>eLance.com<\/li>\n<li><a href=\"http:\/\/www.loopnet.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Loopnet.com<\/a><\/li>\n<li><a href=\"http:\/\/www.marcusmillichap.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Marcusmillichap.com<\/a><\/li>\n<li><a href=\"http:\/\/www.cbre.com\/EN\/Pages\/Home.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">Cbre.com<\/a><\/li>\n<\/ul>\n<h2>Tweetable Topics<\/h2>\n<blockquote><p>&#8220;Cutting corners hurts you and your business at the end of the day.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22Cutting%20corners%20hurts%20you%20and%20your%20business%20at%20the%20end%20of%20the%20day.%22%20@BiggerPockets%20Podcast%20066%20http:\/\/bit.ly\/1eLHB4N%20\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p>\n<p>&#8220;When you have a good team, firing on all cylinders, you can do amazing things.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22When%20you%20have%20a%20good%20team,%20firing%20on%20all%20cylinders,%20you%20can%20do%20amazing%20things.%22%20@BiggerPockets%20Podcast%20066%20http:\/\/bit.ly\/1eLHB4N%20\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p>\n<p>&#8220;You get what you negotiate.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22You%20get%20what%20you%20negotiate.%22%20@BiggerPockets%20Podcast%20066%20http:\/\/bit.ly\/1eLHB4N%20\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p>\n<p>&#8220;The secret to success is to be intentional.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22The%20secret%20to%20success%20is%20to%20be%20intentional.%22%20@BiggerPockets%20Podcast%20066%20http:\/\/bit.ly\/1eLHB4N%20\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p><\/blockquote>\n<h2>Books Mentioned in the Show<\/h2>\n<ul>\n<li><a title=\"Rich Dad, Poor Dad\" href=\"http:\/\/amzn.to\/2a9oIeb\" target=\"_blank\" rel=\"noopener noreferrer\">Rich Dad, Poor Dad<\/a>\u00a0by Robert Kiyosaki<\/li>\n<li><a title=\"Pitch Anything\" href=\"http:\/\/amzn.to\/2abr78f\" target=\"_blank\" rel=\"noopener noreferrer\">Pitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal<\/a> by Oren Klaff<\/li>\n<li><a href=\"http:\/\/amzn.to\/29X2JU7\" target=\"_blank\" rel=\"noopener noreferrer\">The 4-hour Workweek\u00a0<\/a>by Timothy Ferriss<\/li>\n<\/ul>\n<h2>Connect with Michael!<\/h2>\n<ul>\n<li>Michael Blank&#8217;s\u00a0<a href=\"https:\/\/www.biggerpockets.com\/users\/michaelblank\/\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Profile<\/a><\/li>\n<li><a href=\"http:\/\/www.themichaelblank.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">TheMichaelBlank.com<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>On today&#8217;s show, we sit down with real estate entrepreneur Michael Blank to talk about his journey\u00a0from a\u00a0successful house flipping business\u00a0and his entrance into apartment buildings&#8230; and the systems needed [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":119609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-56401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/56401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=56401"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/56401\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/119609"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=56401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=56401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=56401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}