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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  • Charles Kao
    Specialist · Grand Rapids, MI · Member since 2016 · 1k+ posts · 611 votes
    9y
    Jay Hinrichs Totally agree. You should have been on Podcast a long time ago.
    0Reply
  • Joshua Lyon
    Investor / Sales Associate / Airline Pilot · Oviedo, FL · Member since 2016 · 105 posts · 31 votes
    9y
    Jay Hinrichs Great podcast 👍 Nice to see a fellow aviation enthusiast in the Real Estate world.
    0Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    9y

    @Joshua Lyon  big difference you get paid for your fun.. I have to pay  LOL.

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
    0Reply
  • Ben Winchester
    Troutdale, OR · Member since 2016 · 47 posts · 15 votes
    9y

    I always wondered why Jay hasn't been on the podcast. I searched BP for a reason and found several different discussion threads explaining why, but they were all several years old. I'm glad this finally worked out and can't wait to listen! 

    0Reply
  • Joshua Lyon
    Investor / Sales Associate / Airline Pilot · Oviedo, FL · Member since 2016 · 105 posts · 31 votes
    9y
    Jay Hinrichs LOL. Both sides has it's benefits. Went to Sun N Fun last week. Great seeing all the new technologies hitting the GA side.
    0Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    9y

    @Joshua Lyon  YUP  I had a deposit on the Cirrus jet way back pre GFC  it took them 12 years to finally deliver it. and I got 12 years older so I don't think single pilot in the flight levels is in the cards for me.. LOL  I like these new Jet share apps coming out.. this could be a game changer for many small size firms like us..

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
    0Reply
  • Joshua Lyon
    Investor / Sales Associate / Airline Pilot · Oviedo, FL · Member since 2016 · 105 posts · 31 votes
    9y
    Jay Hinrichs That's definitely understandable. I'd feel the same. It's a painful process getting anything certified through the FAA. Cirrus Jet and 787 case in point. The new Jet Apps are really cool. It's actually giving fractionals like NetJets and Flexjets a little competition.
    0Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    9y

    @Joshua Lyon  when I start spending half my year in vegas ( this coming year) I will enable my jetsmarter app Vegas is a Hub for them... we are isolated up here in NW just too much fly over territory for that to work....

    although Vegas has its other challenges with all the folks half drunk on the planes.. friend of mine has a Phenom 300 and he won't let it charter into or out of Vegas... tired of getting tables broken on the plane that cost 15k to fix  LOL anyway  back to real estate..

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
    1Reply
  • Cori Chekhovskiy
    Investor · Traverse City, MI · Member since 2016 · 19 posts · 4 votes
    9y

    @JayHinricks   My dad also had a deposit on a Cirrus.  Ended up selling his position to someone else.  Made money on it though.  :)  Did you sell yours right away?  Similar to you, we're not in a great area for jet sharing - northern Michigan!  So, still in the market for a plane at some point.

    0Reply
  • Cori Chekhovskiy
    Investor · Traverse City, MI · Member since 2016 · 19 posts · 4 votes
    9y

    @Jay Hinrick. Sorry, see above, if this works.

    0Reply
  • Cori Chekhovskiy
    Investor · Traverse City, MI · Member since 2016 · 19 posts · 4 votes
    9y

    @Jay Hinrichs. Sorry, I'm new to posting, and not quite sure how to make these tags work.  :(

    0Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    9y

    @Cori Chekhovskiy  no we bailed early and just got our 50k back.

    those that held on are now selling their positions for 200 to 300k profit.. not a bad investment of 50k.

    but if Cirrus had failed you lost the 50k..

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
    0Reply
  • Jason SalesPro Member
    Investor · Haines City, FL · Member since 2016 · 18 posts · 3 votes
    9y

    Awesome Podcast. Thank you It really shifted my thinking about the rental business @Jay Hinrichs

    0Reply
  • Jeff Wallenius
    Specialist · Indianapolis, IN · Member since 2014 · 670 posts · 352 votes
    9y

    Through constant annoyance and hounding I was fortunate enough that @Jay Hinrichs let me "ride along" with him a couple years ago. This grew into a business relationship that has extended beyond my wildest imagination. Jay is an unbelievable businessman, which I will be truly indebted to for the remainder of my years. He is the real deal and an extremely generous man that I am proud to call not only a business partner but friend. Through first hand knowledge and interaction you only heard a small snippet into what Jay has accomplished over the years. Great job on the podcast! 

    2Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    9y

    @Jeff Wallenius  thanks Jeff very kind of you... I love all you great entrepreneurs that take the bull by the horns.. you all and mean that in a national sense this new crop from 20 to 40 are going to do far greater things that you can even imagine .. !!!  there is so much more information sharing in todays world compared to trying to come up the ranks in the 70s and early 80's.. I mean it was a big deal to have an 800 # in my day 

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
    1Reply
  • Justin Tahilramani
    Rental Property Investor · Fayetteville, NC · Member since 2014 · 884 posts · 670 votes
    9y

    @Jay Hinrichs - I just finished listening to your podcast from my desk in Iraq. Probably one of the top 5 podcasts IMHO. I really love how you portray the ups and down of RE - and own the fact that it's not all glitz and glamour. I also really respect the amount of time that you spend in the forums.

    1Reply
  • Will BarnardPro Member
    Moderator
    Developer · Santa Clarita, CA · Member since 2008 · 15k+ posts · 10k+ votes
    9y

    Who is Jay Hinrichs? . . . . 

    Looking forward to listening to your interview Jay, congrats for being #222. I'm giving you a new nickname, duces. LOL

    Podcast Guest on Show #130
    2Reply
  • Jason Eckman
    Investor · Sturtevant, WI · Member since 2016 · 2 posts · 1 vote
    9y
    Nice job Jay Hinrichs I am a 20+ year private pilot with 10 rental properties between Florida and Wisconsin. I'm also licensed in WI. My dream is buy an airplane that I could use to support my real estate investing. Do you have any advise on buying an airplane in an LLC vs not? Or how to maximize the write offs while keeping the IRS happy. Thanks in advance. It's nice to hear from another person who is passionate about real estate and aviation. Jason
    0Reply
  • Sarah Larbi
    Rental Property Investor · Oakville/ Brantford, Ontario · Member since 2015 · 147 posts · 91 votes
    9y
    Amazing podcast!
    0Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    9y

    @Jason Eckman virtually everyone I know that has an aircraft has it in an LLC and or corporate name. USE tax is a real biggee along with sales tax. one reason Oregon is a great place to be headquartered no sales tax and no use tax.. CA Hammers you ..

    so take a 500k purchase  and CA state sales tax at 8% that's 40k then the use tax.

    one reason why the HIGH end motor home industry is based here too.. no sales tax on 1 million dollar coachs but folks that have those know all the loop holes.

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
    0Reply
  • Gene Grey
    Savannah, GA · Member since 2016 · 20 posts · 4 votes
    9y

    Watched during my break and MUST go back to pick up more nuggets of wisdom. Awesome stuff. Congrats, Jay.

    0Reply
  • Joe Ebanks
    Kent, OH · Member since 2015 · 63 posts · 7 votes
    9y

    Awesome podcast, loved it. So nice to hear so much history. The logging portion was very cool.

    0Reply
  • Rick Baggenstoss
    Developer · Decatur, GA · Member since 2011 · 1k+ posts · 1k+ votes
    9y

    @Jay Hinrichs  great to hear your story in your voice. Congrats on a great journey and for finding your passion so early!

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

    @Rick Baggenstoss  Thanks Rick appreciate the kind words

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
    1Reply
  • Jen L.
    Realtor · San Francisco Bay Area, CA · Member since 2016 · 123 posts · 48 votes
    9y

    @Jay Hinrichs  The story about your timber business is fascinating!  You've done Everything and yet so humble and down to earth!  That's what I admire the most!  When your new product is up and running, please connect with me.  Thanks for all your wisdom!!

    0Reply
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