280: The Key to Making Great Deals (Hint: Overlooked Properties!) with Mark Hentemann (Writer for TV’s Family Guy!) | Bigger Pockets Podcast
On today’s show, we sit with Mark Hentemann, a writer and producer for TV’s Family Guy who also invests in Los Angeles real estate! Mark shares his incredible success stories, which include his trick for finding overlooked properties, house hacking for massive profits, adding value and utilizing the 1031 exchange—plus more! Mark’s strategy for filtering data will save you tons of time and help you find the deals others are missing. Listen and learn how Mark got into real estate investing through house hacking—and how that led to an $800,000 profit on his first deal! This episode is absolutely packed with motivating advice and fantastic ideas for getting started. Bonus? It will make you think and make you laugh!
In This Episode We Cover:
Mark’s day job as a writer for Family Guy
The first deal that gave him buyer’s remorse
Having a friend as a first tenant
Selling that first deal for $1.27 million
The $250 dishwasher story
What’s a 1031 exchange?
Buying with solid fundamentals
Finding low-cost-per-square-foot buildings
Having the perfect open house
Finding deals in today’s difficult market
The river mentality in regards to moving forward
The people on his team
Finding people in the BiggerPockets community
His metric called “leverage cost per square foot”
And SO much more!
Links from the Show
BiggerPockets Forums
America Arias Instagram Profile
BiggerPockets Events
BiggerPockets Webinar
Family Guy
1031 Exchange Guide
BiggerPockets Podcast 274: “Because of These 3 Simple Rules, I’ve Bought Over 600 Units and Never Lost Money” with Paul Morris
Marcus & Millichap
Loopnet
ZipRecruiter
Family Guy – everyone throws up (video)
Family Guy – Wheres my Money Stewie & Brian (video)
Books Mentioned in this Show
So Good They Can’t Ignore You by Cal Newport
The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges
Sapiens: A Brief History of Humankind by Yuval Noah Harari
Fire Round Questions
What was your worst home renovation fail!?!
How are some unique ways you earn/save extra money?
Are anonymity and self management possible?
What’s your second favorite investment after real estate?
Tweetable Topics:
“It’s really valuable to be able to sit back and wait for the deal to come to you.” (Tweet This!)
“Everyone’s got an opinion on why things are a bad deal.” (Tweet This!)
“Leverage is the one common denominator.” (Tweet This!)
“When you make the money, handle it well, be careful, don’t waste it, invest it.” (Tweet This!)
Connect with Mark
Mark’s BiggerPockets Profile
Mark’s Company Website
Email Mark
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