BiggerPockets Real Estate Podcast

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Try the BiggerPockets Real Estate Investment Calculators BEFORE You Buy

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Dave's BiggerPockets Profile

Dave's Instagram

Connect with James:

James' BiggerPockets Profile

James' Instagram

Hear James on the “On the Market” Podcast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-854

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853: How to Make a 120% Return by Buying “Negative” Cash Flow Real Estate Dec 06, 2023

Show notes

“Negative” cash flow can help you reach financial freedom up to FIVE TIMES faster, so why are most investors ignoring low-to-no cash flow deals? For decades, cash flow has been king in the real estate investing realm. Investors were told NEVER to buy a rental property that didn’t bring in hundreds a month or at least break even. But now, this golden rule of real estate investing is broken, and there’s a FAR faster way to build wealth that sacrifices cash flow for something much more powerful.

And this isn’t just some hypothesis or “what if” scenario. We have three investors today showcasing three real estate deals, ALL with negative cash flow and ALL with huge equity upside, 100% (or greater) returns, or profits that far outweigh what most investors even dream of achieving on their real estate deals. And if you do just a few of these deals the right way, you could reach financial freedom in a matter of years, not decades, like today’s guests.

Join David Greene, James Dainard, and Mindy Jensen as they do their best to deprogram the masses from “cash-flow-only” investing and show you why negative cash flow isn’t always bad—in fact, it could be a sign of an unbelievable deal.

In This Episode We Cover:

What is “negative” cash flow, and why TOP investors go for these deals

ROE (return on equity): the one metric the ultra-successful pay attention to

How James traded $800 a month for over $300,000 in equity (with ONE property)

The danger of floating rate debt and how it can easily KILL your deals

David’s $100 negative cash flow deal that INSTANTLY made him $90K

The negative cash flow rules that you MUST follow

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Grab David’s Newest Book, “Pillars of Wealth”

Apply to Be on the Cash Flow Cage Match

Connect with Mindy:

Mindy's BiggerPockets Profile

X/Twitter

Hear Mindy on the “BiggerPockets Money” Podcast

Connect with James:

James' BiggerPockets Profile

James' Instagram

Hear James on the “On the Market” Podcast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-853

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The Simple, Repeatable Path to Wealth with Real Estate in 2024 w/Scott Trench Dec 05, 2023

Show notes

Investing in real estate can build you massive wealth. And here’s the secret no one wants to tell you: it isn’t all that hard. But before you jump to conclusions and call real estate a get-rich-quick scheme, let’s lay down the law. Investing in real estate is a simple, repeatable process that MANY Americans have used to get rich, but it takes knowledge and time to succeed. Where do you go to learn how to buy your first or next rental property? Well, you’re already here!

In this bonus episode, Scott Trench, CEO of BiggerPockets AND decade-long investor, will share his five-step, repeatable process for finding and analyzing real estate deals. Scott has taken the SLOW route to wealth. He doesn’t have a hundred units, a big real estate fund, or a yacht. But he does have a thirteen-unit passive-income-producing rental portfolio that pays him money every single month.

Stick around to learn how YOU can get your first or next rental property in 2024. Want full access to the tools and resources from this episode, including calculators and rent estimators? Sign up for BiggerPockets Pro and use code “STABLEWEALTH24” for a special discount!

In This Episode We Cover:

The five-step process to find real estate deals in any market

How Scott built a thirteen-unit real estate portfolio in under ten years

The slow, steady, repeatable path to wealth with buy and hold rental properties

Scott’s 2024 housing market, mortgage rate, and price predictions

How to choose a rental property market depending on your goals

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Rent Estimator

Rental Property Calculator

Connect with Other Investors on the BiggerPockets Forums

Grab the “Quick Start Guide” to Real Estate

Hear Scott on the “BiggerPockets Money” Podcast

Work with Rent to Retirement for Your First or Next Turnkey Rental Property

Books Mentioned in the Show:

Set for Life by Scott Trench

First-Time Home Buyer by Scott Trench

Connect with Scott:

Scott's BiggerPockets Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-q4-3

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852: Seeing Greene: Subto “Speculation,” Airbnb Automation, & New Build Financing Dec 04, 2023

Show notes

Is “subject to” real estate investing a mistake? Why is cash flow SO hard to find? And what do you do when you overpay for a property? With so many ways to build wealth with real estate, you’ll also need to be aware of the pitfalls. If you don’t know what you’re doing, you could end up with a property you paid too much for, with no cash flow and empty pockets. Thankfully, this is BiggerPockets, so we’re going to give you all the tactics you need to make your next investment a home run.

Put on your green-tinted goggles because David does NOT have a green light for this Seeing Greene episode. Due to this unforgivable offense, we brought another expert investor, Rob Abasolo, on to help David answer some of YOUR real estate investing questions. First, we hear from an investor who makes some great cash flow from her short-term rental but wonders if it’s worth all the work.

Next, an investor finds out that his new build property is selling for a significant discount—can he get out of the deal? Similarly, an ADU (accessory dwelling unit) investor is looking to develop but doesn’t know the best way to finance his new construction. David also answers some questions from the comment section about why investors stopped chasing cash flow so much. And finally, a realtor is concerned about the amount of subto (subject to) “speculation” in today’s industry. Are his concerns legit? Stick around; we’ll get into it all in this episode!

In This Episode We Cover:

How to automate your short-term rental so you do less work

What to do when you realize you’ve overpaid for a property

How to fund a new development with equity, construction loans, or both

Why cash flow is NOT the only thing to focus on anymore

Subject to speculation and whether overpaying to lock in a low rate is EVER worth it

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

How to Fund Real Estate Deals Right Now w/Zach Lemaster

Don’t Chase Cash Flow! Use THIS Metric to Analyze Your Deals

Subject To Real Estate: Why Investors Should Add This Tool to Their Arsenals

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-852

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851: Turning $15K into $4K/Month by Investing in This Overlooked Asset Class w/Jason Velie Dec 01, 2023

Show notes

There’s one type of investment property most people would NEVER consider that could make you a millionaire. They’re not regular rental properties or huge apartment complexes—in fact, they’re so cheap that most investors could probably buy them outright in cash. What’s this “overlooked” investment property that could make you millions? Stick around, we’ll tell you.

Four years ago, Jason Velie worked at a W2 job without any investment property or passive income. Now, he’s a multimillionaire, making $10,000/month in pure cash flow, NEVER having to wake up to an alarm clock again. After a first deal gone wrong, where Jason spent two years working on a house just to break even, he was introduced to a new type of investment property—one nobody talks about.

With the massive profits from these cash cow deals, Jason was then able to use just $15,000 to buy a property that is now worth $1,000,000. And this was ALL during one of the hottest real estate markets ever. The best part? You can do EXACTLY what Jason did to become a millionaire, too, so stick around to hear his FULL strategy!

In This Episode We Cover:

The “overlooked” asset class that could make you six figures with ONE deal

Why you should NEVER pay a contractor without seeing the completed work

Calculating your “worst-case scenario” before you buy ANY property

Investing in mobile and manufactured homes and cheap real estate with huge upside

The one real estate investing tool Jason used to explode his portfolio

How Jason turned $15,000 into $4,000 per month in pure cash flow!

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Hear Our Interview with Affordable Housing Expert Kristina Smallhorn

Should You Add Manufactured Homes To Your Portfolio?

4 Key Lessons Learned From Investing in Mobile Homes

Connect with Jason:

Jason's BiggerPockets Profile

Jason's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-851

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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850: Multifamily Experts: Look Out For These 7 “Red Flags” BEFORE You Invest Nov 29, 2023

Show notes

“Want to invest in multifamily real estate, do zero work, and make a million dollars, all in a few months? Well, we have the opportunity for you! We’re about to make you a gazillionaire for the low, low price of your entire life savings. Don’t worry about doing any due diligence; just sign these papers without looking through them. You’re about to strike it rich!”

Most people can call out an obvious scam or bad real estate deal, but what about the less-than-obvious signs? Today, we’ve got two multifamily real estate experts, Andrew Cushman and Matt Faircloth, on the show to go through the multifamily and syndication red flags that could cost you EVERYTHING. Andrew even went through the painful process of losing 90% of an investment years ago just to walk through his lessons on the show.

Whether you’re partnering on a deal or passively investing in syndications, if any of these red flags show up, you should run—immediately. From vetting a sponsor to investigating track records, which metrics to trust (and which NOT to), and the questions you MUST ask, this episode alone could stop you from losing tens or hundreds of thousands of dollars.

In This Episode We Cover:

The seven deadly signs that a multifamily syndication deal is a scam (or at least a dud)

Vetting a sponsor/syndicator and why you MUST avoid “FOMO investing”

Partnerships, inexperienced sponsors, and who you can REALLY trust

The new financial “metric” unsophisticated syndicators hope you DON’T look into

The “capital stack” explained, and how to do your due diligence on a syndication’s debt (before you invest)

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

BiggerPockets Podcast 636 with Amy Mahjoory (Part 1)

BiggerPockets Podcast 352 with Diego Corzo

Join BiggerPockets Pro and Start Investing for Financial Freedom TODAY

Andrew's BiggerPockets Profile

Book Mentioned in this Show

Pillars of Wealth by David Greene

Raising Private Capital by Matt Faircloth

The Richest Man in Babylon by George S. Clason:

The Hands-Off Investor by Brian Burke

Connect with Andrew:

Andrew's LinkedIn

Vantage Point Acquisitions

Connect with Matt:

Matt's BiggerPockets Profile

Matt's Instagram

DeRosa Group

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-850

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849: Seeing Greene: How to Use Home Equity to Retire Early and HOA Headaches Nov 27, 2023

Show notes

Have home equity? Well, you could retire early, thanks to it. If you bought a house from 2009 up until 2021, there’s a good chance you could be sitting on tens of thousands, hundreds of thousands, or millions of dollars in equity. But equity just sitting in a property isn’t doing much for you unless you can use it to retire early! Want to know how? Stick around; we’ll show you!

We’re back on another Seeing Greene where average investor Rob Abasolo joins buff, strong, beautiful, and bald David Greene to answer your real estate investing questions. In today’s show, we talk to Anthony, a slow-and-steady investor who’s built up an impressive amount of equity over the past decade. He wants to retire early and use his equity to increase monthly cash flow. But what’s the best way to do it?

Next, we share some public loathing of HOAs (homeowners associations) and how they can be the bane of your investing existence, plus when it’s time to sell a property in an HOA. Finally, an investor who is STRUGGLING to pay off her HELOC asks what the next best move to make is: work hard to pay it off the old-fashioned way or leverage ANOTHER investment to become debt-free faster.

In This Episode We Cover:

How to turn your home equity into cash flow and an early retirement

Buying rental properties in cash and when it makes sense to forgo a mortgage

Syndications vs. active investing and when you should stay away from “passive” income

HOA headaches and why a homeowner association could ruin your cash flow

Cash-hemorrhaging HELOCs and the fastest way to pay off bad debt

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

BiggerPockets Podcast 636 with Amy Mahjoory (Part 1)

BiggerPockets Podcast 352 with Diego Corzo

Join BiggerPockets Pro and Start Investing for Financial Freedom TODAY

Shop The BiggerPockets Store SALE and Get an Additional 10% Off with Code “BOOKS849”

Anthony's BiggerPockets Profile

Books Mentioned in this Show

Pillars of Wealth by David Greene

Connect with Anthony:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-849

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848: From Bussing Tables as a New Immigrant to Making $5K/Month from Rentals w/Keleisha Carter Nov 24, 2023

Show notes

Keleisha Carter built a $5K/month passive income stream as a new immigrant with NO green card, money, or ability to get a mortgage. After realizing that her corporate job in Jamaica wouldn’t lead her to where she wanted to be, Keleisha made the adventurous decision to pack up everything she had and move to the US. Overnight, she went from a high-respected marketing role to bussing tables in an entirely different country, but she had bigger plans.

Keleisha’s goal was to support her family financially in any way she could and eventually bring them to the States. After numerous promotions, Keleisha built up a small sum of savings that she would use to buy her first rental property. Or, that was the plan until she realized that without being a US citizen, purchasing a home and getting a mortgage would be much more complicated than she thought.

In today’s show, Keleisha shares her smart strategy to get around the banks and buy properties, EVEN as a new immigrant. Plus, she’ll show how she’s buying rentals today WITHOUT using her own money and why she’ll NEVER try to flip houses again.

In This Episode We Cover:

How to get around mortgage qualifications and buy your first property WITHOUT the banks

Quitting corporate and when it’s time to take a risk and leave a soul-sucking job behind

An immigrant’s guide to real estate investing without a Green Card or citizenship

Why EVERY BRRRR (buy, rehab, rent, refinance, repeat) property MUST work as a house flip

How to find the perfect out-of-state investing market even if you have ZERO investing experience

And So Much More!

Links from the Show