Episode #763

Barbara Corcoran understands real estate arguably better than anyone else. And while most of us know her from "Shark Tank," Barbara swims in a league of her own as one of the most successful real estate investors and brokers in New York City. She knows the upandcoming areas, the overpriced hipster neighborhoods, the streets to stray away from, and which will make you rich when owning real estate. And while Barbara has made a killing, she’s done it in a way foreign to almost any other real estate investor.

If you want to know the “formula” for making a fortune, this is the episode to tune into. In it, Barbara uncovers the exact way she finds the hottest rental markets before anyone else, why she consistently overpays for properties, the reason you should partner on almost EVERY deal you do, and why smalltime investors are MUCH more likely to succeed than the big players.

Not only that, but Barbara also shares her past failures and why falling flat on her face was what she needed to see great success. She talks about her infamous wordofmouth campaign that sold out an eightyunit apartment complex in hours, the “Corcoran Report” that landed her on the front page of "The New York Times," and why you MUST talk to waiters whenever investing in a new area.

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Barbara Corcoran’s Top 5 Tips for Winning During a Market Downturn:
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Connect with Barbara:
Instagram: @barbaracorcoran or   / barbaracorcoran  
Podcast: https://podcasts.apple.com/us/podcast...
Twitter: @barbara.corcoran or   / barbara.corcoran  
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Show notes at: https://www.biggerpockets.com/blog/re...

00:00 Intro
00:44 Brothels, Stage Fright, and VHS Sale
08:41 Barbara's "Formula" for Making a Fortune
14:35 Buy, Cash Out, Repeat
18:19 Buying the Best Penthouse in NYC
22:15 Move Fast, Fail Big, Make Money!
29:32 Barbara's Unbelievable Marketing Play
32:43 Rates, Refis, and How to Find the BEST Areas
40:56 Connect with Barbara!