Jay Hinrichs is FINALLY on The BiggerPockets Podcast!!!

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Jay Hinrichs is FINALLY on The BiggerPockets Podcast!!!

Mindy JensenPro Member
BiggerPockets Money Podcast Host · Longmont, CO · Member since 2014 · 7k+ posts · 10k+ votes

If you have spent even one minute on these forums, you've run into Jay Hinrichs. He's one of our most prolific contributors, currently sitting at Number Five on the all-time posters list.

Jay has been investing forever, and is one of the most-requested guests for the Podcast.

The stars finally aligned, and Josh and Brandon were able to sit down with him and talk about real estate, and everything he's learned in the last 40 years of investing.

If you're new or you've been around awhile, you're going to learn something from Jay. 

Check out Episode 222 of The BiggerPockets Podcast with Jay Hinrichs.

[email protected]Podcast Guest on Show #261
BiggerPockets
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John Clark
Investor · Pinckney, MI · Member since 2015 · 95 posts · 24 votes
9y

Just listened to podcast #222 and it was awesome.  Thanks to BP for getting him on the show and thanks to Jay for being so open and sharing.  I suspect that you could have talked for hours with Jay.  And we would love to hear more.  Please consider bringing him back again.  :-)

thanks...

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  • John Thedford
    Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
    9y

    Awesome! 

    1Reply
  • John Clark
    Investor · Pinckney, MI · Member since 2015 · 95 posts · 24 votes
    9y

    Just listened to podcast #222 and it was awesome.  Thanks to BP for getting him on the show and thanks to Jay for being so open and sharing.  I suspect that you could have talked for hours with Jay.  And we would love to hear more.  Please consider bringing him back again.  :-)

    thanks...

    4Reply
  • Rolanda Eldridge
    Investor/Realtor · Hoover, AL · Member since 2010 · 1k+ posts · 459 votes
    9y

    Congrats @Jay Hinrichs!!!

    0Reply
  • Mike ReynoldsPro Member
    construction · Nacogdoches, TX · Member since 2011 · 2k+ posts · 1k+ votes
    9y

    i like the fact that Jay is bluntly honest. Sometimes you don't need to hear about rainbows and candy you just need the true facts. He also is very helpful to everyone. I look forward to hearing this one. Thanks to all involved that hooked him into it and thank you Jay for taking the time. 

    3Reply
  • Shaun R.
    Real Estate Agent · Denham Springs, LA · Member since 2017 · 226 posts · 159 votes
    9y
    I heard it this morning. I'm new here and didn't know Jay was such a big deal.i enjoyed he podcast. I'm hoping to be the real deal like you one day Jay.
    2Reply
  • Account Closed
    Investor · Pittsburgh, PA · Member since 2017 · 12 posts · 7 votes
    9y

     Just finished listening and really enjoyed it. Keep up the good work!

    0Reply
  • Bill Goodland
    Rental Property Investor · Allentown PA, United States · Member since 2016 · 567 posts · 442 votes
    9y

    Listened to the podcast on my way to work today. It was awesome! As a newbie its refreshing to hear someone who cuts through all the fluff out there to be realistic about getting started. He proves that there are multiple ways to make money in this business, while providing a wealth of knowledge in a few certain areas. Highly recommend listening for anyone who hasn't yet!

    1Reply
  • Mindy JensenPro Member
    OP
    BiggerPockets Money Podcast Host · Longmont, CO · Member since 2014 · 7k+ posts · 10k+ votes
    9y
    Originally posted by @Bill Goodland:

    ... Highly recommend listening for anyone who hasn't yet!

    Me, too! 

    [email protected]Podcast Guest on Show #261
    BiggerPockets
    1Reply
  • Account Closed
    Investor · Denver, CO · Member since 2016 · 736 posts · 582 votes
    9y

    Good stuff @Jay Hinrichs

    My first real estate deal (aside from buying my own house) was in Leadville.  Bought a house that had been red tagged for plumbing, electrical, structural issues, etc.  Called the building inspector out and asked him what he would do with it....he told me he would tear it down.

    Went over to the fire department and asked them if they wanted to practice - they said the environmentalists wouldn't let them.  So I bought a 16 foot car hauler and a tow strap.  Hooked the strap through two front room windows and to the truck.  Knocked it down to the foundation and it started getting late in the summer so I called around for a contractor to help me out.  First one had shot himself in the head.  Second one I talked to referred me to "Fuzzy".  Fuzzy met me at the property and told me he moved out there in 1969 on his way to California and hadn't decided to leave yet (this was around 2001).  He told me he knew everyone in the town from the Mayor to the Chief of Police and if I ever needed anything to let him know LOL.

    Ended up selling the three lots I bought to an engineer in Golden, CO and he built a home on the lot (not too conforming to the neighborhood).  The address is 602 E. 6th St.  It was also my first seller financed mortgage (which saved me while I was in between regular W-2 jobs).

    That was a fun town to work in and I really miss that area.  LOTS of stories (including the guys I let dig on the property while I was tearing the place down who were looking in old outhouse pits for antique bottles - and they found a bunch).

    1Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    9y

    @Account Closed  I went to Colorado mountain collage  Leadville campus. Circa 1974

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
    3Reply
  • Alexander FelicePro Member
    Guy with Great Hair · Austin, TX · Member since 2013 · 2k+ posts · 4k+ votes
    9y

    Listening right now!

    [email protected]Podcast Guest on Show #301
    0Reply
  • Edgar U.
    Real Estate Agent · VA · Member since 2008 · 420 posts · 175 votes
    9y
    That's awesome! I've been reading Jays post for a while and it'll probably be an epic show. Thanks BP everyone for putting this together!
    0Reply
  • Karen MargraveBusiness Member
    Moderator
    Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes
    9y

    Haven't had time to listen to it yet, but snagged the link to send out to people! Jay's my go to guy for a lot of different questions, and can't wait to listen to the podcast.

    0Reply
  • Tony WooldridgePro Member
    Rental Property Investor · Walla Walla, WA · Member since 2016 · 480 posts · 346 votes
    9y

    Wow, if it takes 40 years and 14.7K Posts / 12.9 Votes and #5 on the all time posters list at BP here is to counting me out of getting on the PodCast, LOL!  GR8 job @Jay Hinrichs thanks for all of your hard work and dedication to helping make BP what it is today. Haven't listened to it yet but you better believe I will be listening to it on my way to work tonight in the car. Thanks Jay and Brandon/Josh for getting him on there. Here is to wishing BP nation a successful 2017 in your REI ventures!

    0Reply
  • Jaison Emmanuel
    Investor · Missouri City, TX · Member since 2015 · 70 posts · 19 votes
    9y

    To @Jay Hinrichs...  the Pioneer for Real Estate.   

    Thanks for all the info and Post!

    0Reply
  • Jonathan Johnson
    Rental Property Investor · Charleston, WV · Member since 2013 · 262 posts · 109 votes
    9y

    I remember feeling so honored to have @Jay Hinrichs comment on one of my questions. He his truly a valuable source of knowledge and very gracious with the math and truths he knows in real estate.

    1Reply
  • Deren Huang
    Real Estate Agent · Tulsa, OK · Member since 2016 · 408 posts · 242 votes
    9y
    About time! Jay Hinrichs is a legend.
    0Reply
  • Shelly F.
    Realtor · NW Suburbs of Chicago, IL · Member since 2015 · 156 posts · 62 votes
    9y

    @Jay Hinrichs is a formidable force on BP and I have come to seek out his wisdom on the many, many, many posts over the years. I appreciate the wisdom and ongoing willingness to share and am super excited to finally get a "peek in" via the podcast...wonderful stuff BP, as always... :)

    0Reply
  • James MasottiPro Member
    Rental Property Investor · Washington Township, NJ · Member since 2015 · 1k+ posts · 976 votes
    9y

    @Mindy Jensen - Where exactly would one find the ranking of top poster in order to see who the four people are ranking higher than @Jay Hinrichs in post count?

    Podcast Guest on Show #312
    0Reply
  • Kurt Kwart
    Specialist · Atlantic City, NJ · Member since 2013 · 431 posts · 170 votes
    9y

    "when someone says the have a  new 'thing' it's really an 'old thing' with a new name"  

    love it!!

    0Reply
  • Mindy JensenPro Member
    OP
    BiggerPockets Money Podcast Host · Longmont, CO · Member since 2014 · 7k+ posts · 10k+ votes
    9y

    @James Masotti , go to  https://www.biggerpockets.com/stats

    [email protected]Podcast Guest on Show #261
    BiggerPockets
    0Reply
  • Jake Clampitt
    Real Estate Agent · Chicago, IL · Member since 2017 · 6 posts · 2 votes
    9y

    Nice! Congrats!!

    0Reply
  • John Thedford
    Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
    9y

    @Jay Hinrichs

    Thanks for the great show Jay! I am curious ...one question if ok to ask: how much capitol did you start with when you started HML? I get lots of people asking about starting with 25K, 50K, and in reality you just can't grow fast enough. What would you consider the bottom dollar needed to start as a HML and make a success of it?

    1Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    9y

    John.     Second company that was a start up.  1 million in cash. 4 million lending line of credit from our commercial bank.  First company I took over for retiring owner it was already a for real company. 30 years old

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
    1Reply
  • John Thedford
    Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
    9y

    Thanks @Jay Hinrichs

    I am getting better returns as a HML than as a landlord and reconsidering whether I want to sell out and grow the HML side of business. They both have their advantages though. I was impressed with your land deals---buy at tax sale for 8K, sell for 40K with 5K down for 20, 30 years. That had to be one great money making machine.

    0Reply
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