Anyone can buy a house. However, it takes a special kind of business (and business owner) to buy dozens of deals every year. That’s the story on today’s episode of the BiggerPockets Podcast, when we sit down with Nathan Brooks to talk about how he went from casual investor to buying nearly sixty deals last year. You’ll learn the key hires that made this transition possible, the process for hiring the perfect team members to work your systems, Nathan’s story of bringing in a partner to help scale, and so much more. If you are looking to really expand your business through partners, employees, and processes, dive into this powerful episode!
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In This Episode We Cover:
Nathan’s beard, the bear from The Revenant- A recap of his last show
- The importance of sitting down with your mentor
- How to diversify your income streams
- Why he started his own property management company
- The companies he’s worked with before
- How to avoid working with the wrong company
- Nathan’s current number of employees
- How he builds systems within his business
- How to figure out what you’re good and bad at
- What you should know about partnerships and finding the right people to work with
- How Nathan’s hiring process works
- How to know who to hire first
- The time value of money
- How to relay a process to an assistant
- The importance of creating one-pager how tos
- What exactly lifestyle design means
- Whether it’s really possible to step away from work for six months
- How to figure out your freedom number
- One thing that made a huge impact on his business in the past few years
- Why he keeps on learning and learning
- And SO much more!
Links from the Show
- $140,805.92 profit on our first flip…Thank you Bigger Pockets! [forum post]
- Evernote
- BP Podcast 087: How to Thrive After The Collapse of a Real Estate Empire with Nathan Brooks
- BP Podcast 146: Buying 100+ Units Through Word of Mouth Marketing with Enrique Jevons
- BP Podcast 151: Finding Your “Freedom Number” with Clayton Morris
Books Mentioned in this Show
- The Book on Investing with No and Low Money Down by Brandon Turner
- The 4-Hour Workweek by Timothy Ferriss
- 6 Months to 6 Figures by Peter Voogd
- No Hero by Mark Owen
- The Book on Rental Property Investing by Brandon Turner
- The Millionaire Real Estate Investor by Gary Keller
- Good to Great by Jim Collins
Tweetable Topics:
- “Don’t focus on your weaknesses, focus on your strengths.” (Tweet This!)
- “There’s always a person who’ll appreciate whoever you are and ride the rollercoaster with you.” (Tweet This!)
Connect with Nathan
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12 Comments
Great interview! I get motivated hearing how the guests scale their business.
Thanks Shari! It was a pleasure to be a guest on the show … good luck with your business in 2016!
I am so glad I found this podcast – thanks so much for the information. I really love real estate and this was great.
Kym … thanks so much for listening and taking the time to post. I am really glad it was helpful!
One of the best BP podcasts I’ve listened in a long time. I’m a big fan of 4 Hour Workweek stuff too and enjoyed hearing about how you’re incorporating that into your real estate business. Keep up the good work dude!
Thank you Julian … it makes me so happy to hear the podcast got you fired up, and that your inspired to do whatever your fired up about in real estate. Good luck, you thank you!
great podcast. inspiring as I get moving with my RE investments to build passive income to have the life I want (and deserve)
Thanks Julie … glad to hear it was helpful in getting your own stuff going. Best of luck!
Another great BP podcast and, Nathan, you held your own with Brandon and Josh (his assistant!) which deserves respect all by itself. You had great advice and thoughtful responses. I’m trying to ramp up my investing this year and your words help a lot. I’ll have to remember the podcast number so I can listen to it again.
Mark, thanks so much for taking the time to listen and respond … awesome that you are ramping up things on your end and I wish you the best!
I live in a small city that doesn’t really have property management companies to choose from. I’m planning on starting my own. Within the next 2-3 months. Are you a licensed real estate person and a broker? I’m trying to figure out if I must do that or if there’s another way.
I’m in New York State.
I am always a big of fan of creating systems too, so excellent piece of advice there. Really enjoyed the podcast!
Thanks for sharing.