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

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

BiggerPockets Forums

BiggerPockets Webinar

Be a Guest to the Show

School of Life Podcast

Control

Uber

Books Mentioned in this Show

Elon Musk by Ashlee Vance

Rich Dad Poor Dad by Robert Kiyosaki

Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki

The 10X Rule by Grant Cardone

50 Things They Didn’t Teach You in School by Tim Shiner

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

Tim’s BiggerPockets Profile

Tim’s Company Profile

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