280: The Key to Making Great Deals (Hint: Overlooked Properties!) with Mark Hentemann (Writer for TV’s Family Guy!)
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
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