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BP Radio Podcast 001: Building a Successful House Flipping Business and Losing Millions with Marty Boardman

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By updated Podcast

Today we’re excited to announce the launch of the brand new BiggerPockets Radio Podcast. Each week, we will be bringing you incredible real estate investing tips, training, and interviews with actual investors who are in the field, making it happen. You can listen online (below), download it to listen later, on your smartphone, or via iTunes: all for free.

Last week, Marty Boardman wrote a killer post for the BiggerPockets blog called “How to Lose a Million Dollars in Real Estate: A Step by Step Guide” which was an instant hit among BiggerPockets readers. We knew that Marty would make a great first guest on the new show.

Read the transcript of Episode 1 with Marty Boardman here.

Listen to the show here or on iTunes:

Podcast: Play in new window | Download

Subscribe: iTunes | Android | RSS

In This Week’s Podcast, We’ll Explore

  • How Marty Lost over $8,000,000 in the Real Estate Crash
  • The Best Advice Marty Ever Received about Real Estate Investing
  • How to Find Local Mentors to Teach, Train, and Bring You Under Their Wings
  • How to Quit Your Job and Become a Full Time Real Estate Investor
  • Using The Four Flipping Boxes to Flip Houses
  • How to Raise Private Money for Your Real Estate Investing Deals
  • Why Wholesalers Do Not Need a Buyer’s List – and What They Do Need
  • The Four “Must Haves” in a Real Estate Partnership
  • How Marty Got a Book Deal for a new House Flipping Book
  • Marty’s Favorite Real Estate Investing Book

Links from the Show:

Books Mentioned in the Podcast

Tweetable Topics:

  • Quit wasting time and money having gurus teach you real estate investing. Find someone local, add value to them, and learn. Tweet This
  • I’ll work with anyone – but they gotta do 1 of 2 things: bring me money, or bring me deals.Tweet This
  • Investing in real estate is hard work – but it’s rewarding. Tweet This
  • Think about your financial goals – and then work backward to figure out what to do now. Tweet This
  • Creating a brand for yourself is vitally important for a fix-and-flip investor.Tweet This
  • You have to have a good track record to raise capital. Tweet This
  • Find a good deal – and the money will come. Tweet This

Marty is the Chief Financial Officer for Rising Sun Capital Group, LLC, a real estate investment firm based in Gilbert, AZ. His firm purchases homes at the courthouse steps and public REO auctions. They have two exit strategies, either fix and flip or seller financing. Connect with Marty on his Blog, FlippingPhoenixHouses.com.

If you missed the link above, listen to the show here:

Podcast: Play in new window | Download

Subscribe: iTunes | Android | RSS

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About Author

Thanks for checking out the BiggerPockets Real Estate Investing & Wealth Building Podcast. Hosts Joshua Dorkin & Brandon Turner strive to bring top-notch educational content and interviews to our listeners -- without the non-stop pitch prevalent around the industry. With over 80,000 listeners per show, the BiggerPockets Podcast has become the biggest real estate podcast in the world. But don’t take our word for it. We’re the top-rated and reviewed real estate show on iTunes — check it out, read the reviews on iTunes, and get busy listening and learning!

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52 Comments

  1. Max on

    Brandon,

    You wrote “…or via iTunes: all for free” Can you please paste a hyperlink to iTunes? I cannot find it,or maybe it is not available for Poland. Did you upload it already? Thanks Max

    Reply Report comment
        • Wendy on

          I try not to judge a podcast until it’s had a few episodes. Since this is your first, I say this with the understanding that you are still working out the kinks. (and I’ve only heard the first 5 minutes so far)

          Audio is almost as important as content to me. The audio on the lead in was perfect. Clear and crisp. Josh, your audio was slightly muffled. Clear, but cloudy. Brandon’s audio was clear and crisp. Throughout the podcast there was clipping, almost like call waiting was beeping in. It didn’t happen during the lead in.

          Marty was a great guest! Humble man with lots to teach us.

          If you ever run out of content, I would be happy to have to cover some threads from the forum.

        • Brandon Turner
          Brandon Turner on

          I’ll blame me for Josh’s sound – I had the levels too high and didn’t realize it until we were finishing! Oops! Compare next week’s with this one, and let us know if you notice a difference. Not sure about the clipping – I’ll check into it 🙂

          Thanks Wendy for the feedback!

        • Wendy on

          Josh,
          My mistake about the clipping. My player is doing it to all feeds. Odd, first time it’s ever done this and it had to be when I was listening to a new podcast. Sorry.

          Also, I mistyped earlier. If you ever run out of content, I would be happy if you discussed threads from the forum.

        • Joshua Dorkin on

          Hey Wendy – No problem on that . . . there were some minor sound issues and I thought they were amplified for you for some reason. I’m glad to hear there isn’t a problem.

          I don’t think we’ll ever run out of content. With hundreds of thousands of topics on BiggerPockets to choose from, I think we’ll be okay for a little while at least! 😉

          Thanks again for the feedback!

  3. Daniel on

    Hey guys – first of all, I am super excited that you’re venturing into the podcast world. I am starving for high quality podcasts, and am hopeful that you’ll put out some good ones!

    Question: when I click the “download” link, it opens a new window with the file playing, but it doesn’t actually start a download onto my machine, or take me to a link where I’m able to download it – unless I’m missing something? Please advise – thanks.

    Reply Report comment
  6. Glenn Espinosa on

    Great Podcast guys!

    Thanks to Marty for coming on and sharing his expertise and putting his failures out there for everyone to learn from. It takes a different type of investor to look at ones failures and to learn from it and more so to share the lessones learned to others.

    Can’t wait til the next one.

    Glenn

    Reply Report comment
    • Joshua Dorkin on

      Thanks so much, John! We’re excited to have a great interested audience of people like yourself. I can’t hint to future guests yet, but perhaps in the future we’ll do something like that.

      Next Thursday we’ll be releasing the next one, so stay tuned!

      Reply Report comment
    • Brandon Turner
      Brandon Turner on

      Thanks Kris! I’ve always thought that links help a lot – and I’m surprised more people don’t use them! Also – did you notice the “Tweetable Topics” section? I’m a big fan of that too, because I’m kinda a Twitter junkie!

      Don’t forget to leave us an iTunes review! Thanks for listening and commenting!

      Reply Report comment
  10. Nichole on

    This was AWESOME!! The first time I have heard anyone say, “Just find Deals!” Now, I KNOW what my focus is!! Do the things that will help me FIND deals, first and foremost! YES! Thank you so much for this! I wish the 3 of you would write a non-nonsense, cut the fluff, guide to wholesaling, cause that’s the best rubber to the road advice I’ve read! Thanks again!

    n

    Reply Report comment
    • Joshua Dorkin on

      Hey Nichole –
      Thanks for the great feedback! We really appreciate it. I’m not sure if you’ve taken the time to read through the articles here on the BiggerPockets Blog or if you’ve spent any time on our forums, but if you do, you’ll find a ton of great content like you did in the podcast. As for your idea . . . don’t worry — we’ve got something up our sleeves!

      Last thing, please do take the time to stop by iTunes and leave the podcast a review. Every one helps!

      I’ll look forward to seeing you on the main BiggerPockets site and hope to see you contributing on the forums.

      Reply Report comment
  14. sheree on

    Gosh I think I’ve just fallen in love. Thanks for sharing honest and frank information. I’m brand new, trying to figure out where to start, out a couple hundred bucks to gurus, and just amazed by BiggerPockets. Again, a big Thank You! I’m off to go make myself a member. 🙂

    Reply Report comment
    • Joshua Dorkin on

      Sheree –
      Thank you for the awesome message! I’m glad you enjoyed the show and I hope you’ll check out show #2 as well . . . subscribe on iTunes and each week when a new one comes out, you’ll have it. As for jumping on the site, please do. Once you have your profile set up, introduce yourself on the New Member Forums and then get involved in the many discussions on site. You’ll find all the help you need over there.

      Reply Report comment
    • Joshua Dorkin on

      Hey Mark – Thanks so much for the comment! I’m glad you like the site and enjoyed the podcast. Be sure to check out the next episode as well . . . we’ve got a lot more to come! If you have a second, we’d love if you could take a minute to review the show on iTunes . . . every review/rating helps us get more exposure.

      Otherwise, please jump in and join us on our main site – the social network for real estate investors at BiggerPockets.com — you’ll find that it is an incredible place to connect with your peers.

      Best, Josh

      Reply Report comment
  16. Terry H on

    Wow. What a great podcast. Everything Marty said hit home with me. I am going into real estate understanding that it will take education and a lot of hard work to succeed, just like he said. What an inspirational and motivating story Marty has. To go from a net worth of 8 million to -2 million must of been devastating. I’m sure many people would not have been able to handle that, but Marty makes it clear that you can get through any “rough patch” (to understate it a bit) if you remain persistant. I look forward to the day when I have $8 million to lose! I’ll make sure I check out that book “Rich Dad Poor Dad” and again, awesome podcast. I will certainly listen to them all.

    Terry

    Reply Report comment
  17. Jason Eyerly on

    Hello!
    Marty said access to the MLS in essential even if you don’t plan on making offers or listing (which I do) and it’s much easier to look at comps and such yourself and so he STRONGLY recommends getting your real estate salesperson license. I’ve looked up what’s required in my state, but I still don’t understand this MLS thing. I thought MLS was just looking at websites like Trulia, Zillion, Realtor, etc. What happens or changes if I get the license? What does it allow me to do that I wouldn’t be able to otherwise? Thanks!

    Best Regards,
    Jason Eyerly

    Reply Report comment
  18. Anantha Lakshmi on

    Being a newbie, after posting the intro, thought will start with the podcasts. Found it odd to see that the first podcast title to have some negativity “losing millions” 🙂 Thought – why would someone want to start the very first podcast with such a title. Listening to him, I am very impressed at the honest discussion. It helps to know both successes and failures – one can learn what to do and what not to do from our own experience as well as others. Now on to the second podcast !!!

    Reply Report comment
  21. Michelle Cobbs
    Michelle Cobbs on

    Great Show,

    Learned alot thanks for the honestly Marty. Looking into getting RE License the tips presented make sence to go this route. I would rather be in a position to get this info myself instead of having to work with a agent.

    Great stuff.

    Michelle

    Reply Report comment
  22. Luke Teson
    Luke Teson on

    Very interesting podcast love the quality of the audio and more importantly the information in it! I love the four box flipping idea, and now understand that I need to automate these with workers; so working now on documenting the systems I use so I can train others to replace myself.

    I could not agree more about not paying the guru’s for their knowledge and finding a mentor in your area. Ever since linking with @Ryan Billingsley in my area (who showed me this website) I have learned more real world knowledge than any other place!

    Very enlightening on getting my licensing to be an agent I had no idea this would be so crucial! Going to get that going soon, any good places to acquire that info for Missouri agents?

    Great podcast looking forward to the next one!

    Reply Report comment
  23. Serj Kalfayan
    Serj Kalfayan on

    Great Post! Just was browsing through the podcasts and decided to check out the very first one – still so relevant!

    I’ve just started getting mentored/working with a real estate investor and am so challenged and excited to find ways that I can add value to my investor’s business. This is where creativity, resourcefulness, and commitment come into the picture. I think it absolutely necessary maintain a “Win/Win” mentality (another Covey quote), and instead of leaching off of someone’s success and expecting them to pass on their experience for free, earn your keep. This will give you exposure, experience, and a taste of what you claim to want before you dive in head-first.

    Thanks for this awesome material!

    Reply Report comment
  24. Julie Marquez
    Julie Marquez on

    Hey Marty! I went from 65 to current, and now I’m starting at #1. What a great first BP podcast. Marty, I really appreciate everything you went through and your story. It’s encouraging for sure. Thanks for sharing your story, it’s still so relevant today!

    Reply Report comment

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