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 up-and-coming 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 small-time 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 word-of-mouth campaign that sold out an eighty-unit 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. ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Expand Your Investing Knowledge With the BiggerPockets Books: https://store.biggerpockets.com/?utm_source=owned_media ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Barbara Corcoran’s Top 5 Tips for Winning During a Market Downturn: https://www.biggerpockets.com/blog/barbara-corcoran-market-downturn?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ 3 Rules for Crushing It in Business w/Barbara Corcoran: https://www.biggerpockets.com/blog/biggerpockets-business-podcast-13?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Barbara: Instagram: @barbaracorcoran or https://www.instagram.com/barbaracorcoran/ Podcast: https://podcasts.apple.com/us/podcast/business-unusual-with-barbara-corcoran/id1378685290 Twitter: @barbara.corcoran or https://www.tiktok.com/@barbara.corcoran ~~~~ Connect with Rob (Robuilt): BiggerPockets: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none Instagram: https://www.instagram.com/robuilt/ TikTok: https://www.tiktok.com/@robuilto Twitter: https://www.twitter.com/robuiltchannel YouTube: https://www.youtube.com/c/Robuilt ~~~~ Connect with David and Rob on BiggerPockets: David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Follow David and BiggerPockets on Instagram: @davidgreene24 or https://www.instagram.com/davidgreene24/ @biggerpockets or https://www.instagram.com/biggerpockets/ Show notes at: https://www.biggerpockets.com/blog/real-estate-763?utm_source=youtube&utm_medium=description&utm_campaign=none 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!