How would you feel after losing $150,000 on one of your first deals? That’s the story we’re excited to bring you today with guest Ryland Taniguchi. Ryland shares his incredible comeback story of losing a huge sum of money on a flip-gone-bad and fighting through the difficulty to do over 300 deals. You’ll be both amazed and emboldened to blaze through your own difficulties, and you might just pick up a few new tricks while you’re at it. This show is packed full of high-level, actionable tips that will help any investor grow to new heights.
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In This Episode We Cover:
- Who is the legend called Ryland?
- How Ryland got into real estate
- How he lost $150k on his first flip
- The story of the “Mafia Contractor“
- The story of the $21,000 porch
- What he was doing prior to investing
- How he found his passion in offering free real estate coaching
- How many employees he has in his company
- The pros and cons of being your own contractor
- Thoughts on the BRRRR strategy
- How he quickly figures out what strategy to do on deals
- Why he thinks development is probably the most risky type of real estate investing
- The strategy of investing as if the market is going to crash
- Tips for finding your purpose
- Advice on driving for dollars, street by street
- How to get into direct mail marketing
- And SO much more!
Links from the Show
- BiggerPockets Jobs
- Contribute to BiggerPockets
- BRRRR Strategy
- The Big Short
- BP Podcast 081: Generating Real Estate Leads Through Direct Mail with Michael Quarles
- BP Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles
- BP Podcast 168: Building Hundreds of Homes to Sell or Rent with Cameron Skinner
- BiggerPockets Forums
- BiggerPockets Alerts
- BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert T. Kiyosaki
- Think and Grow Rich by Napoleon Hill
- The 12 Week Year by Brian P. Moran
- The 10X Rule by Grant Cardone
Tweetable Topics:
- “Sometimes it’s our suffering and our pain that becomes our purpose.” (Tweet This!)
- “When you have a big goal, then some small setback is only a setback.” (Tweet This!)
- “You fail frequently, you fail fast, and you fail forward.” (Tweet This!)
Connect with Ryland
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11 Comments
This was an absolutely awesome podcast!! Some of the topics that Ryland talked about are pretty deep and I’ll, obviously, have to listen to this episode again (probably at least twice). But, it’s so great to hear how his biggest purpose and desires are with helping others. That is, totally, the way that all people should look at how they live their lives. I look forward to ya’ll bringing him back again.
Good podcast guys. It’s good to talk about failures and discuss how and why they happened. Not everything is roses and sunshine. He’d be a good person to have on one of your round-table sessions with Ben L., Surge, ect.
This is by far one of the best Podcasts I’ve seen, absolutely phenomenal! Mahalo Ryland!
808?????
there was suppose to be 808…a palm tree, rainbows and a sun emoji!! not question marks… sheesh BP!
Great Podcast, I am trying to learn more about land development
Really enjoyed this Podcast. Shows how many tentacles or businesses can be created out of this thing called Real Estate! I love Rylands out look on teaching and purpose.
This was one of my favorite podcasts yet. I feel the same way about the 4 hour work week- I would much rather work 40+ hours a week doing something I love than have loads of free time on my hands. I also loved your message about finding your purpose and your way of contributing to the world- I totally agree.
Thanks Ryland!
Excellent podcast. It’s all about finding our purpose in life and the rest will fall into place. Thanks Ryland.
Great podcast Ryland! I’m in awe at how well you’re doing and how much you are accomplishing. Congratulations.
Thanks and congratulations, Ryland! That’s really deep and helpful.
Love your investor’s classes both in Bellevue, WA and Des Moines, WA.
See you tonight’s wholesailing meeting at the Sound.
Thanks Josh and Brandon too. Great podcast!
Ryland! I just finished listening to your podcast, and it was great. I wanted to say thank you for your help and everything you contribute to Bigger Pockets and our local Seattle real estate community!