BiggerPockets Real Estate Podcast

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

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The Tax-Free Strategy Only Real Estate Investors Can Access

BiggerPockets Podcast 626 with Zach Lemaster

What You Should Know About Financing Investment Properties

Book Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Connect with Zach:

Zach's BiggerPockets Profile

Zach's Instagram

RentToRetirement

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-847

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Pillars of Wealth by David Greene (Chapter 1) Nov 21, 2023

Show notes

Hear a sneak peek of David Greene's newest book, Pillars of Wealth: How to Make, Save, and Invest Your Money to Achieve Financial Freedom.

Enjoyed the first chapter? Click here to pick up your copy of the book today!

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846: What You Need to Do NOW to Pay Fewer Taxes in 2024 Nov 20, 2023

Show notes

If you want to pay fewer taxes or outright avoid taxes in 2024, you’re in the right place. We’re about to give you all the last-chance tax tips and loopholes you can use NOW to pay WAY less in taxes in 2024. All of these are perfectly legal, but many will require some form of real estate investing. Don’t own any rental property yet? Not a problem! You can STILL start planning to pay lower taxes BEFORE you buy!

We brought back our two favorite tax experts, Amanda Han and Matt MacFarland, on to the show to share all the last-minute tax tips YOU can use to pay Uncle Sam less and keep more in your pocket. Plus, Amanda and Matt share a tax “loophole” that anyone who makes under $100K per year OR owns a short-term rental property can use to save thousands, if not tens of thousands, in taxes.

We’ll also get into common ways anyone can reduce their taxes through retirement account contributions, charitable donations, and more. Plus, the common misconception costing you thousands of dollars in write-offs that you never knew you could take!

In This Episode We Cover

The one rental property “loophole” that allows you to take a MASSIVE deduction

A huge real estate write-off any investor who makes under $100K is able to take

Retirement investing and how boosting your nest egg can dramatically lower your taxes

Common real estate write-offs that you’ve probably missed

How to use your home equity for tax-free income AND a big tax write-off

What to do RIGHT NOW to avoid paying taxes in 2024 (and beyond!)

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-846

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

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845: The Slow, Steady Way to Make $50K Per MONTH with Rental Properties w/KC Massie Nov 16, 2023

Show notes

How many rental properties would it take for you to become financially free? Five, ten, twenty, one hundred? And once you know how many you need, how long will it take you to get there? KC Massie reached financial independence in his thirties after eleven years of slowly, quietly, and strategically building a repeatable rental property portfolio that rakes in over $100,000 per MONTH in rent. Yes, you read that right—six figures a month!

KC didn’t do anything spectacular to achieve this feat. He didn’t raise any money from friends or family, buy a thousand units in a year, or use risky debt. Instead, KC did things the old-fashioned way—slowly building a portfolio of rental properties, consistently buying every year, and making the most money he could at his job to fuel his purchases. Fast forward eleven years, he has complete financial freedom and has enough money to do whatever he wants, whenever he wants.

In today’s show, you’ll hear about KC’s repeatable path to real estate wealth, the surprisingly ordinary methods he used to build a BIG portfolio of rental properties, and why he encourages EVERY real estate investor to start “building quietly.”

In This Episode We Cover

How KC built a $50K/month rental property income stream in just eleven years

The “limiting beliefs” you’re telling yourself that stop you from achieving financial freedom

Working with your spouse and why you WANT them included in your rental business

Why getting better at your job is the fastest road to early retirement

How KC doubled his portfolio overnight with one very smart move

Why you MUST start “building quietly” if you ever want to become wealthy

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-845

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844: The 3 "Lies" You Can't Afford to Tell Yourself in This Housing Market w/Jim Kwik Nov 14, 2023

Show notes

Jim Kwik is Nike, Google, and SpaceX’s go-to brain expert. If you want to learn anything faster and with less effort, he’s the guy you talk to. Jim is friends with some of the wealthiest, most influential people on the planet, and he knows exactly what it takes to become successful and what YOU need to do TODAY to get to where you want to be.

After numerous bad falls, sleeping disorders, and head injuries, Jim was consistently referred to as “the boy with the broken brain.” He couldn't read, he couldn’t remember, and he was falling behind in every aspect of life. But one day, Jim learned how to break the memory code, learn faster than even the most diligent students, and outpace his classmates, who had significant advantages. Now, he teaches everyone else how to do the same.

If you want to read faster, remember anything, scale your business, and become successful, Jim has the tips you NEED. He also shares the “lies” you’re telling yourself that stop you from achieving your dreams and the TINY step you can take RIGHT NOW to accomplish your wildest aspirations.

In This Episode We Cover:

The “lies of learning” that are stopping you from building wealth

Why “knowledge is power” is overrated and when to STOP learning

How to remember ANYONE’S name (even if you just met them)

The three “M's” that lead to a “limitless” brain and unlimited achievement

Why you’re feeling burned out and how to put the fire back into your life

One tiny, simple step you can take today that’ll put you on track for success

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 803 with Andy Gil

BiggerPockets Podcast 443 with Jim Kwik

Train Your Brain to Retain: A Quick & Simple Trick to Improve Your Memory

Discover Your “Brain Animal”

Books Mentioned in the Show:

Pillars of Wealth by David Greene

Limitless Expanded by Jim Kwik

Connect with Jim:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-844

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

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843: Seeing Greene: I Don’t Make Enough to Invest, What Do I Do? Nov 12, 2023

Show notes

You want to invest in real estate, but you lack the cash or the income. With home prices and mortgage rates so high, even a decent-paying job won’t land you a rental property or even a primary residence. So, what do you do? Should you call it quits and let others build wealth while you struggle to make ends meet? Not quite. There’s one thing you should start doing today that’ll make your real estate investing much easier.

Welcome one and all to another Seeing Greene, where David answers your investing questions in today’s tough housing market. First, Rob joins us to advise an investor struggling to buy her business’s building from her father. He wants to sell after having a rough time with this commercial property, but Shelly, our investor, wants to convince him to keep the building OR give her a chance of ownership. What should she do?

Next, David answers the trifecta of 2023 investing questions: what should you do when your pre-approval is too low? How do you pull out home equity when you’re broke? And what to do when you don’t have enough income to qualify for a mortgage? A straightforward solution solves ALL THREE of these investors’ questions, and it’ll help you, too, if you’re struggling in this market!

In This Episode We Cover:

What to do if you WANT to invest in real estate but don’t have enough money

Why DTI (debt-to-income) is SO important to investing and how to lower yours NOW

Real estate vs. stocks and why property almost ALWAYS beats simple stock investments

When to invest in a “mediocre” deal that has no-to-low cash flow

How to fire your property manager EVEN if you’ve signed a long-term contract

The secret to scaling your real estate portfolio that the gurus won’t tell you

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 823 on Cost Segregation

Seeing Greene 828

BiggerPockets Podcast 844 with Jim Kwik (Coming Soon!)

Books Mentioned in the Show:

Pillars of Wealth by David Greene

The Richest Man in Babylon by George Clason

Connect with Shelly:

The Mousing Harke Instagram

Fairmount Bicycles Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-843

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842: Why Barbara Corcoran’s Son, Tom Higgins, Went Against Her Investing Advice Nov 09, 2023

Show notes

You’ve seen Barbara Corcoran on Shark Tank, heard of her unbelievable real estate deals that make millions of dollars, and might own a product or two that she’s invested in. She’s spent her entire career betting on New York real estate, and her risk has come with tens of millions of dollars in rewards. And while Barbara is known for her “go with your gut” type of investing, her son, Tom Higgins, went a completely different direction—and it paid off.

Tom has flown under the radar for most of his real estate career, never relying on his Corcoran lineage thanks to his different last name. He worked at a real estate brokerage in college, attended real estate finance classes at night, and eventually found himself in the industry as a real estate development professional, helping develop and renovate over 2,000 multifamily rental units!

Tom is a hard-numbers guy. He knows the cash-on-cash return, loan-to-value, and acquisition cost of every deal he’s done. Barbara, on the other hand, self-admittedly, can barely remember which metrics are which. Today, Barbara and Tom debate whether you should go with your head or heart when investing in real estate and why using a little bit of both could make you richer than all the other investors.

In This Episode We Cover:

Barbara and Tom’s sneaky way of finding up-and-coming real estate investing areas

Why Barbara says to never touch a DIME of your cash flow until…

How Tom made Barbara even more money by making her go against her investing nature

One super simple way to immediately find out if a contractor will be worth the money

Risky leverage and the one type of loan Tom says to STAY AWAY from

Why Barbara looks for “old ladies” every time she’s in a new market

How Tom uses BiggerPockets to meet investors, contractors, and partners (and why you should too!)

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

Meet Your Next Partner, Contractor, or Investing Buddy on the BiggerPockets Forums

Barbara Corcoran’s Wild Real Estate Tactics You’ll Want to Repeat

FIRE by 27 Using the “Chick-Fil-A Rule” of Real Estate

Books Mentioned in the Show:

Pillars of Wealth by David Greene

Connect with Barbara:

Connect with Tom:

Tom's BiggerPockets Profile

Tom's X/Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-842

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841: BiggerNews: Soft Landing or Hard Recession? How to Build Wealth in Both Nov 07, 2023

Show notes

Will 2024 bring about a soft landing or a hard recession? Tough economic times could be upon us as more and more economists disagree with the “soft landing” narrative of early and mid-2023. Even though the economy hasn’t broken down yet, top-tier investors like Fundrise’s Ben Miller believe that a recessionary “lag” is taking place that could give us some severe financial whiplash—and only the best of the best will survive what is to come.

So, what does it take to survive a recession, and how do you know whether or not you’ve put yourself at risk of losing everything? Ben, David, and Rob all give their takes on what could happen in 2024, how they’re protecting their wealth, and why they’re taking fewer risks to ensure they make it out alive. This may be a HUGE wake-up call if you’re still actively buying real estate deals and leveraging your portfolio as much as possible.

Ben will also talk about his lessons from the last two crashes, how the companies he worked with got crushed, and how he changed his investing perspective to build wealth far faster than almost anyone around him. Wealth is built during the downtimes, but if you don’t follow the advice of those who have been through past crashes, you could lose everything you’ve built!

In This Episode We Cover:

When the 2024 recession could hit and why it may be worse than most Americans believe

The recession “lag” that is catching up to us and why it might hit you by surprise

A soft landing vs. hard recession and how bad the economy could get

Impacts on real estate and whether or not you should be buying or holding right now

Playing financial “defense” and how to ensure you don’t get wiped out during downtimes

High mortgage rates and how they could lead to unemployment, a housing market standstill, and a tough economy

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

Fundrise’s Ben Miller on The 2023 Financial Crash

A “Soft Landing” Looks Shaky as Recession Risk Starts to Rise

Why 2023’s “Rolling Recession” is Almost Impossible to Predict

Connect with Ben:

Fundrise

Ben's X/Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-841

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840.5: The 8 Best Housing Markets in The US For Low Prices and High Cash Flow Nov 06, 2023

Show notes

We’re about to show you the eight best housing markets you’ve never heard of before. If you want boring, unsexy markets that give you mailbox money every month, have growing populations, cheap homes, and strong economies, bring your notepad because you probably haven’t thought of any of these markets before. We sent our On the Market researchers on a quest to find the country’s most boring, underrated, yet promising rental property markets—and we’re sharing the list with you today.

From college football towns to underrated beach cities and strong manufacturing centers, almost all these cities have cash-flowing real estate where you can find steals and deals easier than already-tapped markets like Miami, D.C., or Denver. Some of these markets are on the smaller side. Still, with housing affordability tanking, these cheaper states could see a massive influx in population as coastal workers seek financially stable inland cities.

So, if you’ve been saving up to buy your next deal but can’t find anything worth investing in around your area, check out ANY of these eight markets because if you don’t buy in them, we will (and Henry already has)!

In This Episode We Cover:

Eight boring, stable, cash-flowing real estate markets you can invest in NOW

The East Coast beach city with MASSIVE population growth and cheap home prices

The college football towns where you can make a killing on student housing

Staying away from single-industry markets and what happens when employment starts to fall

The state pushing for zero percent state tax that could see a significant population boost

The growing city where Henry is gobbling up rental properties as fast as he can

And So Much More!

Links from the Show

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Subscribe to The “On The Market” YouTube Channel

Dave's BiggerPockets Profile

Dave's Instagram

Henry's BiggerPockets Profile

Henry's Instagram

James' BiggerPockets Profile

James' Instagram

Kathy's BiggerPockets Profile

Kathy's Instagram

Get on The Waitlist for BPCon 2024 in Cancún!

The 4 Most Affordable, High Cash Flow Real Estate Markets of 2023

These Are The Top 20 Up-And-Coming Real Estate Markets

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-155

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840: Seeing Greene: Rehab Costs, Renting vs. Owning, and The END of Real Estate? Nov 05, 2023

Show notes

Could the end of real estate investing already be upon us? How do you know how much to spend on a renovation before buying a house? And is a negative cash flow rental EVER worth investing in? On this Seeing Greene, we’re answering the tough questions you’ll be forced to ask in a hard housing market so you can build wealth while the masses run for the hills. Thankfully, David has his co-pilot on this episode!

David and Rob are back to answer YOUR real estate questions, EVEN if you’re too scared to hear the answers. On today’s show, a live caller asks, “How do I get a renovation estimate BEFORE bidding on a BRRRR?” If you’ve stressed over which comes first, the bid or the buy, stick around. We’ll also touch on negative cash flow and when it makes sense to buy a rental that’s losing money every month (there’s a science to this). Then, for all you doomsayers, David and Rob give their take on what happens when the population declines, and no one is left to rent houses. Finally, we answer the age-old question, “should I rent or buy in today’s market?”

Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!

In This Episode We Cover:

How to estimate rehab costs BEFORE you bid on a BRRRR

When it’s worth it to buy a “cash flow negative” rental property

The secret to getting out of ANY contract if you need to exit a deal

The long-term effects of declining populations and whether real estate investing could meet its end

Renting vs. buying and when it makes sense to invest while you're still a renter

And So Much More!

Links from the Show