221: Buy and Hold Real Estate—What Works and What Doesn’t with Tim Shiner

<p>A lot of people want to invest in rental properties, but a lot of people also fail when they jump in. Why? That’s the topic on today’s episode of the&nbsp;<a href="https://www.biggerpockets.com/podcast" target="_blank">BiggerPockets Podcast</a>, where we sit down with&nbsp;<strong>Tim Shiner</strong>&nbsp;to learn his story of going from zero to over 150 units and the lessons he picked up&nbsp;along the way. </p><p>You’ll hear&nbsp;some incredible strategies for getting unicorn deals when there are multiple offers, the #1 most important characteristic Tim looks for when buying a property, and why he focuses primarily on “higher end” rental houses. You’ll love all the humor, wisdom, and knowledge Tim brings to the show, so sit down, relax, and be prepared to learn!</p><p>In This Episode We Cover:</p><ul><li>How he got started buying&nbsp;<strong>quality real estate</strong></li><li>What makes his&nbsp;<strong>location</strong>&nbsp;special</li><li>Why he doesn’t have a&nbsp;<strong>real estate license</strong></li><li>The importance of looking at the “horizon” and the&nbsp;<strong>end goal</strong></li><li>A discussion on&nbsp;<strong>diversification</strong>&nbsp;on investments</li><li>The story of the “<strong>big white card board</strong>“</li><li>Why you should&nbsp;<strong>focus&nbsp;</strong>on what you are better at</li><li>Tips for finding&nbsp;<strong>mentors</strong></li><li>The details on his&nbsp;<strong>140 deals</strong></li><li>Insight into the debate on&nbsp;<strong>high-end vs. low-end properties</strong></li><li>Why he loves&nbsp;<strong>appreciation</strong></li><li>Tips for&nbsp;<strong>partnering</strong>&nbsp;with your&nbsp;significant other</li><li>A discussion on&nbsp;<strong>buying your kid</strong>&nbsp;a property</li><li>How he<strong>&nbsp;finds deals</strong></li><li>Why you should set a goal, achieve it, and&nbsp;<strong>reward yourself</strong></li><li><strong>And SO much more!</strong></li></ul><p>Links from the Show</p><ul><li><a href="http://biggerpockets.com/forums" t