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

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 estateWhat makes his location specialWhy he doesn’t have a real estate licenseThe importance of looking at the “horizon” and the end goalA discussion on diversification on investmentsThe story of the “big white card board“Why you should focus on what you are better atTips for finding mentorsThe details on his 140 dealsInsight into the debate on high-end vs. low-end propertiesWhy he loves appreciationTips for partnering with your significant otherA discussion on buying your kid a propertyHow he finds dealsWhy you should set a goal, achieve it, and reward yourselfAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBe a Guest to the ShowSchool of Life PodcastControlUberBooks Mentioned in this ShowElon Musk by Ashlee VanceRich Dad Poor Dad by Robert KiyosakiRich Dad’s CASHFLOW Quadrant by Robert KiyosakiThe 10X Rule by Grant Cardone50 Things They Didn’t Teach You in School by Tim ShinerTweetable 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 TimTim’s BiggerPockets ProfileTim’s Company Profile