222: Lessons Learned from 40+ Years as a Real Estate Investor with Jay Hinrichs

Success leaves clues! Rather than trying to figure it all out on your own, why not listen to someone who has been involved with nearly every aspect of real estate for decades? On today’s episode of The BiggerPockets Podcast, we sit down with Jay Hinrichs, an investor and hard money lender from Oregon, to learn how he has navigated the real estate market for more than 40 years—and how you can grow your own business from his wisdom! In This Episode We Cover:How Jay Hinrichs started when he was 18A discussion on whether you should get a license or notHis first houses in the Bay areaWhy agents are not investingWhat a hard money lender isHow to be approved by hard money lenderHow Jay became the largest hard money lender in his areaWhy you should consider the BRRRR strategy (and how he’s been doing it for years)How to do something nice for somebody (through BiggerPockets)Why you should go ask in the ForumsTips for finding the right partnersHow to get the “lion’s share“The most common question in the ForumsAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets New Members IntroductionJoel Owens’ BP ProfileJosh’s Twitter ProfileBiggerPockets Keyword AlertsBiggerPockets Hard Money Lenders (listing)Books Mentioned in this ShowThink and Grow Rich by Napoleon HillRocket Fuel by Gino WickmanTweetable Topics:“When you’re starting out and you don’t have the money, you need to honor the money.” (Tweet This!)“Any investor that I bring in a deal always makes more money than I do.” (Tweet This!)“I will never retire. I’ll be doing this until I’m not functional. I love what I do.” (Tweet This!)“Every market is different. You have to play to the market.” (Tweet This!)Connect with JayJay’s BiggerPockets Profile