291: How to Build a Business That Helps Find Deals Before Anyone Else with Neal Collins

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By kevin@biggerpockets.com. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Are you struggling with finding deals in today’s market, where the best properties go fast? On today’s show, we interview Neal Collins, an investor in the red hot Portland Oregon who has figured out a way to find deals before anyone else even sees them! Neal shares the brilliant strategy he’s created to build a world where the best deals find him.

In this show, you’ll learn how Neal was able to find a 4-plex to house hacked—and how he made an additional $8-10k a month, as well as how he built a property management company and real estate brokerage (hint: he created an army of deal finders that get paid to make him money and find him deals) where he does none of the work but reaps all of the profits, and his brilliant, simple strategy for raising private money than anyone can replicate (he really hits the nail on the head with this one).

If you’re looking for a solid, profitable, and step-by-step process to make money and build wealth with real estate, you won’t want to miss how Neal did just that!

In This Episode We Cover:

  • Neal’s journey to real estate investing
  • How he accidentally got into seller financing
  • The importance of being able to pivot and change investment strategies
  • The kinds of properties he looks for
  • His thoughts on Airbnb and short-term rentals in general
  • How he got into managing other people’s properties
  • His experiences managing 200 units and owning a brokerage
  • Three things every investor looks for: returns, security, and customer service
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Fire Round Questions

Tweetable Topics:

  • “They talk about the numbers, but they are not talking about the work.” (Tweet This!)
  • “You have to leverage other people’s time and experience or build systems so that you can leverage your own time to do that.” (Tweet This!)
  • “The deals are not going to come to you. If you’re not consistently swinging the bat, you’re not going to hit the ball.” (Tweet This!)

Connect with Neal

354 episodes