87: How to Thrive After The Collapse of a Real Estate Empire with Nathan Brooks

2014-09-11

Failure is no stranger in the real estate industry which is why we are excited to bring Nathan Brooks to The BiggerPockets Podcast today, an investor who knows firsthand that real estate can be tough!Nathan is an investor (both flips and rentals) from Kansas who went through a very difficult period during the real estate crash, losing all his properties and filing bankruptcy due to a shady partner and jumping in too quickly. Nathan has since emerged as a much stronger real estate investor and carries an incredible story with numerous lessons to share. Get re...

Nathan is an investor (both flips and rentals) from Kansas who went through a very difficult period during the real estate crash, losing all his properties and filing bankruptcy due to a shady partner and jumping in too quickly. Nathan has since emerged as a much stronger real estate investor and carries an incredible story with numerous lessons to share. Get ready to learn how failure can transform your life!

In This Show We Cover:

How Nathan found his first business partner at lunch
Why Nathan bought two houses as a newbie – and lived to regret it
How to find partners through BiggerPockets
The opposite of paralysis by analysis
How Nathan ended up filing bankruptcy
Nathan’s current (more conservative) investing strategy
Dealing with tenants in a $20k property
How to make a unit stand out among the competition
Dealing with “Cat Ladies” and “Hoarder Houses“
How Nathan finds deals
Finding mentors and lenders on Craigslist?
How to find a real estate-minded attorney
And so much more!

Books Mentioned in the Show

The Millionaire Real Estate Investor by Gary Keller
The Unofficial Guide to Real Estate Investing by Spencer Strauss and Martin Stone
The Four Hour Workweek by Timothy Ferriss
Unlimited Power : The New Science Of Personal Achievement by Anthony Robbins

Tweetable Topics

Don’t go into business with someone you don’t know. It’s just stupid. (Tweet This!)
The lessons I’ve learned have made me a better investor today. (Tweet This!)
There’s a deal for everyone, but this deal might not be for you. (Tweet This!)
The job of a Real Estate Investor is to solve problems. (Tweet This!)
Know the answers before asking the questions. (Tweet This!)

Connect with Nathan