S4E19 BiggerPockets Con 2024 Cancun

In this episode of the Investor Shed Podcast, Nick Beveridge and Jeremy Kitchen recap their recent experience at the BiggerPockets Conference (BPCon) 2024 in Cancun, diving into the strategies, insights, and networking tactics that make real estate conferences valuable. Nick and Jeremy discuss the importance of a clear agenda when attending conferences, the potential distractions, and how to prioritize high-value opportunities over quick wins. They share tips on navigating conference sales pitches, the importance of community through masterminds, and learning from the successes and mistakes of others in the industry.

They also cover strategies for long-term investment, the advantages of adding additional units (ADUs), and the critical role local regulations play in maximizing property potential. Whether you're an experienced investor or just starting out, this episode offers actionable insights into balancing hard work with smart strategies, finding the right community, and using conferences to boost your real estate game.

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🔑 Keywords:

BiggerPockets, real estate, conferences, networking, investment strategies, learning, mistakes, opportunities, business growth, retirement planning, masterminds, community, market trends, property management, ADUs, financial planning

🔗 Connect with us:

• Official YouTube Podcast Page: https://www.youtube.com/@TheInvestorShed
• Nick Beveridge's YouTube Page: https://www.youtube.com/@NickBeveridge
• Real Estate Website: northidahorei.com
• Facebook: https://www.facebook.com/profile.php?id=100063653307069
• Instagram: https://www.instagram.com/theinvestorshed/

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Takeaways:

• Conferences are great for networking, but come prepared with a clear agenda.
• Acknowledge the sales aspect of real estate events.
• Stick to one or two investment strategies to avoid spreading too thin.
• Bigger deals with smaller operations can lead to sustainable success.
• Surround yourself with a supportive community and mastermind groups.
• Don’t underestimate retirement planning as a key financial strategy.
• Local regulations impact property potential and investment strategy.
• Tech tools like ChatGPT can support research and decision-making.
• Both local and national events offer valuable networking opportunities.
• Prioritize smarter work over just harder work for long-term success.

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Sound Bites:

• “You can still go to the pool with a hurricane.”
• “Don’t get caught off guard when a speaker pitches.”
• “Stay small but go after bigger deals.”
• “Everyone has a motive for getting you in that door.”
• “You should be looking for a community.”
• “If you’re the smartest person in the room, it’s a mastermind for everyone else.”

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Chapters:

• 00:00 – Welcome Back and Conference Recap
• 02:47 – Navigating Real Estate Conferences
• 06:00 – Learning from BPCon Experiences
• 08:45 – Focus on Bigger Deals, Smaller Operations
• 12:06 – Mistakes and Lessons Learned
• 14:57 – Prioritizing Opportunities
• 17:46 – Work Smarter, Not Harder
• 21:00 – Future Plans and Retirement Strategies
• 23:25 – Navigating Opportunities and Temptations in Real Estate
• 27:14 – The Importance of Masterminds and Community
• 30:09 – Evaluating the Value of Conferences
• 34:22 – Insights from Keynote Speakers and Breakout Sessions
• 39:07 – Strategies for Long-Term Real Estate Investment
• 42:52 – Adapting to Market Changes and Local Regulations