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
Ryland's BiggerPockets Profile
Ryland's Website
Ryland's Facebook Page