{"id":77068,"date":"2016-02-25T00:02:54","date_gmt":"2016-02-25T07:02:54","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=77068"},"modified":"2023-04-14T02:57:11","modified_gmt":"2023-04-14T08:57:11","slug":"2016-02-25-bp-podcast-163-making-your-real-estate-business-soar-while-still-working-a-full-time-job-with-bill-allen","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2016-02-25-bp-podcast-163-making-your-real-estate-business-soar-while-still-working-a-full-time-job-with-bill-allen","title":{"rendered":"Making Your Real Estate Business Soar While Working a Full-Time Job with Bill Allen"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">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 <a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Podcast<\/a>, we sit down with <strong>Bill Allen<\/strong>, a navy pilot who\u2019s done just that in a very short time. We talk about <strong>hiring your first employee, finding good deals, using low down payment loans to fund your deals<\/strong>, and a lot more. If you are looking to make your real estate business launch into the stratosphere, don\u2019t miss a moment of this show!<\/span><\/p>\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\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC7097612973&#038;light=false\" width=\"100%\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"Making Your Real Estate Business Soar While Working a Full-Time Job with Bill Allen | BP Podcast 163\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/N8l-zmsOfFU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found <a href=\"https:\/\/www.biggerpockets.com\/forums\/25\/topics\/161423-do-you-listen-to-the-bp-podcast\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Thanks! We really appreciate it!<\/p>\n<h2>This Show Sponsored By<\/h2>\n<p>We just wa<img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-66280 no-display appear\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2014\/11\/RealtyShares.png\" alt=\"RealtyShares\" width=\"283\" height=\"60\" title=\"\">nted to give a shout out to our podcast sponsor\u00a0on today\u2019s show:<strong> RealtyShares<\/strong>. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!<\/p>\n<p>Learn more by visiting\u00a0<a href=\"http:\/\/www.realtyshares.com\/biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">RealtyShares.com\/biggerpockets<\/a>!<\/p>\n<h2>Fire Round\u00a0Sponsor<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-75404 size-full\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/10\/mileiq-logo.png\" alt=\"mileiq-logo\" width=\"250\" height=\"82\" title=\"\">A huge thanks as well to our Fire Round sponsor <strong>MileIQ<\/strong>.<\/p>\n<p>MileIQ is an automatic mileage tracker that tracks the miles you drive for business. By using smart drive-detection technology, MileIQ automatically logs your drives and calculates their value &#8211; automatically creating a mileage log that&#8217;s compliant with IRS guidelines.<\/p>\n<p>Try it\u00a0for free\u00a0today by texting POCKETS to 31996.<\/p>\n<h2>In This Episode We Cover:<\/h2>\n<ul>\n<li><strong>What Bill does<\/strong> aside from being active duty in the U.S.\u00a0Navy<\/li>\n<li>How he got into the <strong>real estate<\/strong> world<\/li>\n<li>The importance of being able to <strong>walk away<\/strong> from a house<\/li>\n<li>What you should know about the <strong>housing assistance program<\/strong><\/li>\n<li>His\u00a0<strong>$185k loss<\/strong> in an investment<\/li>\n<li>The difference between <strong>buying rentals<\/strong> and buying primary residences<\/li>\n<li>His<strong> first<\/strong> investment property<\/li>\n<li>What exactly a <strong>VA loan<\/strong> is<\/li>\n<li>How he uses VA loans creatively to <strong>finance<\/strong> his investing<\/li>\n<li>How to treat\u00a0real estate as a <strong>business<\/strong><\/li>\n<li><strong>Mistakes<\/strong> on his first flip and what he could have done better<\/li>\n<li>How Bill got <strong>private money<\/strong> despite not having deals under his belt<\/li>\n<li>Tips for flipping while having a <strong>full time job<\/strong><\/li>\n<li>How to <strong>structure<\/strong> your\u00a0business to maximize the potential in your market<\/li>\n<li>Considerations while <strong>hiring<\/strong> your first employee<\/li>\n<li>The importance of setting <strong>task lists<\/strong><\/li>\n<li>How to <strong>incentivize<\/strong> those you hire<\/li>\n<li>How many <strong>deals<\/strong> has Bill\u00a0done<\/li>\n<li>Thoughts on <strong>diversifying<\/strong> your business<\/li>\n<li>Tips for creating a good <strong>website<\/strong><\/li>\n<li>How to <strong>funnel<\/strong> your leads<\/li>\n<li><strong>And SO much more!<\/strong><\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/about\" target=\"_blank\" rel=\"noopener noreferrer\">The BiggerPockets Team<\/a><\/li>\n<li><a href=\"\/renewsblog\/2013\/11\/02\/hack-housing-get-paid-live-free\/\" target=\"_blank\" rel=\"noopener noreferrer\">House Hacking 101<\/a><\/li>\n<li><a href=\"http:\/\/wordpress.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">WordPress<\/a><\/li>\n<li><a href=\"http:\/\/themeforest.net\/\" target=\"_blank\" rel=\"noopener noreferrer\">ThemeForest<\/a><\/li>\n<li><a href=\"\/renewsblog\/2015\/10\/15\/bp-podcast-144-getting-out-of-your-comfort-zone-and-kicking-butt-at-real-estate-with-danny-johnson\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson<\/a><\/li>\n<li><a href=\"\/renewsblog\/2015\/03\/12\/bp-podcast-113-becoming-millionaire-real-estate-investor-using-one-thing-with-jay-papasan\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan<\/a><\/li>\n<li><a href=\"\/renewsblog\/2014\/07\/03\/bp-podcast-077-negotiating-way-1000-wholetail-deals-michael-quarles\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><em><a href=\"https:\/\/get.biggerpockets.com\/nomoneydown\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Book on Investing with Low or No Money Down<\/a>\u00a0<\/em>by Brandon Turner<\/li>\n<li><em><a href=\"https:\/\/get.biggerpockets.com\/flippingbook\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Book on Flipping Houses<\/a>\u00a0<\/em>by J. Scott<\/li>\n<li><a href=\"http:\/\/amzn.to\/2asO1GX\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The 4-Hour Workweek<\/em><\/a> by\u00a0Timothy Ferriss<\/li>\n<li><a href=\"http:\/\/amzn.to\/2a1gLUU\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Flipping Houses Exposed<\/em><\/a> by Danny Johnson<\/li>\n<li><a href=\"http:\/\/amzn.to\/2asOvwE\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Bogleheads&#8217; Guide to Investing<\/em><\/a> by\u00a0Taylor Larimore<\/li>\n<li><a href=\"http:\/\/amzn.to\/2ab568P\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Millionaire Next Door<\/em><\/a> by Thomas J. Stanley<\/li>\n<li><em><a href=\"http:\/\/amzn.to\/2aa7Sbo\" target=\"_blank\" rel=\"noopener noreferrer\">The One Thing<\/a><\/em> by Gary Keller and Jay Papasan<\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<ul>\n<li>&#8220;It\u2019s not emotional. I buy it as an investment property.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22It%E2%80%99s%20not%20emotional.%20I%20buy%20it%20as%20an%20investment%20property.%22%20BP%20Podcast%20163%20biggerpockets.com\/show163\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;If they can do it, I can do it.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22If%20they%20can%20do%20it,%20I%20can%20do%20it.%22%20BP%20Podcast%20163%20biggerpockets.com\/show163\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Know what the value of something is before you pay for it.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22Know%20what%20the%20value%20of%20something%20is%20before%20you%20pay%20for%20it.%22%20BP%20Podcast%20163%20biggerpockets.com\/show163\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with\u00a0Bill<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/gte939h\" target=\"_blank\" rel=\"noopener noreferrer\">Bill&#8217;s BiggerPockets Profile<\/a><\/li>\n<li><a href=\"http:\/\/www.blackjackre.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bill&#8217;s Personal Website<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":118988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-77068","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\/77068","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=77068"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/77068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/118988"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=77068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=77068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=77068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}