A lot of people want to invest in rental properties, but a lot of people also fail when they jump in. Why? That’s the topic on today’s episode of the BiggerPockets Podcast, where we sit down with Tim Shiner to learn his story of going from zero to over 150 units and the lessons he picked up along the way.

You’ll hear some incredible strategies for getting unicorn deals when there are multiple offers, the #1 most important characteristic Tim looks for when buying a property, and why he focuses primarily on “higher end” rental houses. You’ll love all the humor, wisdom, and knowledge Tim brings to the show, so sit down, relax, and be prepared to learn!

In This Episode We Cover:

How he got started buying quality real estate
What makes his location special
Why he doesn’t have a real estate license
The importance of looking at the “horizon” and the end goal
A discussion on diversification on investments
The story of the “big white card board“
Why you should focus on what you are better at
Tips for finding mentors
The details on his 140 deals
Insight into the debate on high-end vs. low-end properties
Why he loves appreciation
Tips for partnering with your significant other
A discussion on buying your kid a property
How he finds deals
Why you should set a goal, achieve it, and reward yourself
And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

“Nobody cares as much about your investments as much as you do.” (Tweet This!)
“The goal is to get as many checks coming in the mail as possibly as you can.” (Tweet This!)
“If you have a strong enough ‘why’ while you invest, that will plow your way.” (Tweet This!)
“Set a goal, achieve it, and reward yourself.” (Tweet This!)

Connect with Tim

Learn more about your ad choices. Visit megaphone.fm/adchoices

221: Buy and Hold Real Estate—What Works and What Doesn’t with Tim Shiner 01:23:19

BiggerPockets Real Estate Podcast

Shownotes Transcript

PodQuest PodQuest Podcast Discovery Engine tailors playlist for your curiosity

221: Buy and Hold Real Estate—What Works and What Doesn’t with Tim Shiner