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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This Show Sponsored By
Lima One Capital is the nation’s premier lender for residential real estate investors. They make it easy to finance all of your rental properties and fix-and-flip projects.
Learn more by visiting LimaOneCapital.com/BP
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