BiggerPockets Real Estate Podcast

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BiggerPockets Real Estate Podcast 759

BiggerPockets Real Estate Podcast 771

Book Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-777

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776: $42K/Month in Cash Flow By Buying a…High School? w/Jesse Wig Jun 08, 2023

Show notes

You’ve heard cash flow stories before, but NOTHING like this. We’ve talked to hundreds of investors that have flipped houses, bought apartment complexes, storage facilities, and more. But a high school? A high school rental property? Surely this has to be a first. If you want to know the pioneer behind this absolutely insane passive income project, look no further than Jesse Wig, who turned a dilapidated high school into a thirty-one-unit apartment building.

But before Jesse went on a literal wild ride through this high school, he faced defeats that would stop most investors in their tracks. After making just ten dollars per hour working under a flipper, Jesse tried to do his first deal himself, but things didn’t go to plan. He walked away from his first real estate deal in debt with a massive loss but decided to try again. Jesse learned quickly from his mistakes and started buying rentals in an up-and-coming area right outside of Pittsburgh, Pennsylvania.

Through a brilliant investing tactic that we’ve never heard of before, Jesse was able to catapult and control his rental properties’ values, skyrocketing his personal wealth while bringing up an entire neighborhood with him. Soon after that, he found his off-market high school and, through some savvy partnerships and serious work, turned it into a cash cow unlike anything we’ve ever seen on the show. Jesse is about to school us on the right way to do real estate!

In This Episode We Cover

Turning a $100K high school into a $42K/month apartment complex

What to do when your first flip or real estate deal becomes a huge flop

The smartest way to shoot up your property’s value and boost your neighborhood’s desirability

Unbelievable real estate conversion projects and why creative investing often has the most cash flow

Raising private capital when doing large deals and why you NEED partners with skills you don’t possess

Signs that your real estate agent might be the love of your life

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-776

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775: BiggerNews: Rent Unaffordability Crosses Dangerous New Threshold w/Lu Chen and Thomas LaSalvia Jun 06, 2023

Show notes

Rent prices have steadily risen for as long as we can remember. But, few of us would have ever expected the unimaginable rent hikes of 2020-2022. With major metros seeing double-digit year-over-year rent percentage bumps, residents were forced to throw a larger chunk of their income toward housing. Now, with higher rent prices than ever before, America has become “rent-burdened,” and a dangerous threshold has been crossed.

What’s causing this rise in rents? Are investors to blame? And what’s a solution that could benefit builders, buyers, and renters? We’ve got Lu Chen and Thomas LaSalvia from Moody’s Commercial Real Estate division to give us their findings. Lu and Thomas’s team have been tracking rent prices carefully, logging which cities have seen the most significant price increases, which are becoming increasingly unaffordable, and what can be done about the problem. With a lack of housing supply and inflation eating away Americans’ income, what can everyday investors like us do?

Thankfully, there is a solution to this problem that could help curb unaffordability while presenting a profit for investors. Lu and Thomas go over exactly what would have to happen to return to a normalized, affordable housing market and what’s hurting our efforts to get there. Plus, with rents becoming unaffordable for many young Americans, our Dave duo asks, “Is real estate still safe to invest in?” All that and more in this edition of BiggerNews!

In This Episode We Cover

America’s “rent-burdened” status and why prices have crossed a critical threshold

Real estate markets that have seen the largest increase in rent over the past three years

Luxury housing and how its development is hurting the effort to increase affordable housing

Whether or not investors are to blame for rents skyrocketing

“Inclusionary housing” and how investors can fill the affordable housing need while making a profit

Whether or not real estate is still safe if renters get priced out of the market

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-775

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774: Seeing Greene: Bleeding Rentals, Bad Flips, and The Safe Haven For Your Cash Jun 04, 2023

Show notes

Buy real estate or face your dollar’s demise. While this may sound like doomsday prophesying or over-bullish investor attitudes towards properties, the fact is that most investors today won’t make it. With inflation raging ahead, home prices double-digit percentages higher than they were a few years ago, and food and energy costs spiking, your cash isn’t safe. The value of your money is burning, and your bank account won’t be able to extinguish the flames. But there is still hope to build wealth.

Welcome back to a macroeconomic Seeing Greene episode where David tells you what he really thinks about today’s inflationary economy. If you want to grow your wealth while prices pop off, this is the episode to tune into. But it’s not just CPI rate rants this time; David will also advise on what to do when down payment requirements more than double at the last second, why Midwest “cash flow” markets aren’t what they seem, building vs. buying an ADU (accessory dwelling unit), and when to sell a rental or flip that is bleeding money every month.

In This Episode We Cover:

What to invest in when inflation is eating away at your hard-earned money

Down payment requirements and what to do when you can’t close with low money down

Cash flow vs. appreciation and using “portfolio architecture” to build the BEST portfolio possible

Buying vs. building an ADU (accessory dwelling unit) and which will make you wealthier as a result

How to make money on a house flip gone wrong (even if it’s in a rough neighborhood)

Negative equity and whether or not to sell a rental that is losing value

What to do with $30K in today’s expensive investing environment

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

Read Up-to-Date Real Estate Articles and News Stories

BiggerPockets Podcast 759

You Won’t Believe It. Inflation Finally Peaked—Here’s The Proof

Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth"

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-774

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773: Replacing His Income with $70K/Year Cash Flow After a Close Call with Death w/Pasha Maleknia Jun 01, 2023

Show notes

Financial freedom isn’t important until your life flashes before your eyes. When everything could end, thoughts of your partner, children, and family come to mind, and most notably, what you left behind for them. Pasha Maleknia was thrown into a warzone and came within minutes of meeting his end. As he sat, not knowing whether or not he would ever see his wife again, he made a promise to build financial freedom for his family so that if anything happened to him, they would be protected.

Pasha kept his promise and is here to share exactly how he got it done. Through chaos, Pasha was given a second chance at building the life he dreamed of, starting a real estate investment portfolio that has grown to a double-digit unit count with close to six figures in expected cash flow. None of what he did was easy, but using his background in coding, systems, and optimizing everything for efficiency, Pasha is building a hands-off real estate empire that will set his whole family financially free.

If you’ve struggled to progress with rental properties, do NOT miss out on Pasha’s story. He explains exactly how his “why” forced him to reach financial freedom in only a few years and what he’s doing now to ensure his wealth never stops growing. Don’t wait for it to be too late. Put your life in your hands, and take Pasha’s words to heart.

In This Episode We Cover:

The near-death experience that forced Pasha to find financial freedom for his family

Building your “income-producing box” that will take care of your family for decades

DIY rehabs and why you DON’T need to know everything before you start investing

Pasha’s killer first rental property and the “surprise” basement that came with it

Using the BRRRR method to quickly multiply your portfolio without much cash needed

How to automate your ENTIRE rental property portfolio so you do nothing

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

Henry's BiggerPockets Profile

Henry's Instagram

Hear the Latest Episode on Analyzing Real Estate Deals

Understand The BRRRR Method in Real Estate – A Beginner’s Guide

Books Mentioned in the Show:

BRRRR by David Greene

The Book on Advanced Tax Strategies by Amanda Han & Matt MacFarland

The Book on Estimating Rehab Costs by J Scott

Long-Distance Real Estate Investing by David Greene

Raising Private Capital by Matt Faircloth

Rich Dad Poor Dad by Robert Kiyosaki

Connect with Pasha:

Pasha's BiggerPockets

Pasha's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-773

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772: Stop Looking for Perfect Properties, Search for These Instead May 30, 2023

Show notes

Real estate investing has changed a LOT over the past few years. For most people getting into rental property investing in the mid-2010s, profitable properties were plentiful, cash flow was almost automatic, and equity was flowing in the tens (if not hundreds) of thousands every year. Unfortunately, this real estate market is long gone. Now, there’s blood in the streets as new investors try to salvage sickly-looking deals that don’t cash flow and come with pathetic-looking profits. And maybe, just maybe, that’s why now is the best time to buy.

Make no mistake, real estate investing isn’t easy, and just buying any house WON’T make you rich. But, the 2023 housing market has far more opportunity than most people think, and David Greene, Henry Washington, and Rob Abasolo are here to explain how. These three investors have been gobbling up rental properties as quickly as possible. And even with lower margins, slim cash flow, and limited equity, there is some method to their madness.

If NOTHING you’re looking at is cash flowing and almost every home seems overpriced (especially with today’s mortgage rates), this is THE episode to tune into. In it, David, Henry, and Rob will detail how you can “create” a profitable property while the masses sit on the sidelines, as well as go over real, authentic deals they’re doing today to show you it isn’t impossible to invest in 2023.

In This Episode We Cover:

How to analyze a real estate deal and what to do if none of the properties show a profit

The 2023 housing market and how things have changed over the past few years

Investor expectations and why the times of “get rich quick” are long gone

How to build, buy, or force equity into your rentals so you get rich in the background

Simple steps the average investor can do to make their real estate deals work

Renting vs. flipping and which exit to take in a volatile housing market

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

Introduction to Real Estate Investment Analysis

How To Analyze A Short-Term Rental In 2023

2023 Housing Market Outlook

The Housing Market “Signals” That Predict Where We’re Headed in 2023

Connect with Henry:

Henry's BiggerPockets Profile

Henry's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-772

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771: Seeing Greene: Getting Into Your First Property is Cheaper Than You Think w/Kristina Smallhorn May 28, 2023

Show notes

You’ve been lied to about affordable housing. Most people will either tell you it’s impossible to buy an affordable home or that those buying affordable homes are outright stupid. The term “affordable” has been correlated with inexperienced buyers getting cheap deals on homes, often ending up in trailer parks or something of the sort. But things have changed. Mortgage rates are at decade highs, home prices tower over what everyday workers can afford, and a new age of affordability is upon us—we’re here to unlock it for you.

A new forest of David Greenery has sprouted as we welcome Kristina Smallhorn and Rob Abasolo onto this episode of Seeing Greene. Kristina, Louisiana-based realtor, has been fighting for affordability, helping get her clients into creative homes that don’t break the bank. She’s here to dispel all the myths about affordable housing, manufactured homes, modular homes, land investing, and more. We’ll touch on build-to-rent homes and who should NOT be investing in them, green flags to look out for when buying land, and the danger behind new forty-year mortgages.

In This Episode We Cover:

Affordability in 2023 and how homebuyers can still purchase even with high home prices

Modular homes and how these cheaper builds are quickly becoming the high-quality norm

Build-to-rent properties and whether or not appreciation is worth the lack of cash flow

Red (and green) flags to watch out for when buying land, plus how to know a plot can even be built on

The forty-year mortgage explained and why it may be a BAD idea for desperate borrowers

Misconceptions about affordable housing and why “mobile homes” aren’t what you think

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

Here are 92 of the Most Affordable Housing Markets in the World

Modular Homes Make a Comeback

The Harsh Reality About Pre-fab Homes and Why I Won't Ever Buy Them

Book Mentioned in the Show:

10 Things You Need To Know About Land by Cheryl Sain

Housing For Purpose by Whitney Chaffin

Connect with Kristina:

Kristina's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-771

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770: Retirement Accounts Collecting Dust? Use Them to Buy Real Estate! w/Kaaren Hall May 25, 2023

Show notes

Did you know you can invest in real estate using funds you’ve probably forgotten about? For years, you’ve been socking away money into your IRA or 401(k) to ensure an abundant retirement. The problem? You’ve only been able to invest those funds into passive investments like stocks, bonds, and mutual funds. What about the investors who want a more active income stream with bigger tax benefits, more equity upside, and plenty of cash flow? Can you use your retirement accounts to build wealth with real estate?

If you ask Kaaren Hall, her answer is a resounding yes. Kaaren saw quickly how the real money was being made in real estate, so she began investing herself, later realizing that she could use her retirement funds to build a real estate portfolio faster. She founded uDirect IRA Services to help other investors build wealth a better way, opening up more options for passive income, so your retirement accounts can grow into the millions.

If you want to scale your real estate portfolio but don’t have the cash on hand, this could be your PERFECT option. Kaaren goes over exactly how to use your retirement accounts to invest in real estate, what you can (and definitely can’t) do when investing this way, and how you can start raising capital for your own deal using other people’s retirement funds. This is a $40 trillion untapped opportunity, so don’t miss out!

In This Episode We Cover:

Tax-free real estate profits and using self-directed IRAs to build your retirement accounts

How Kaaren used retirement funds to buy her newest investment property

The self-directed IRA explained and why SO many savvy investors use one

The “layers” of retirement that’ll help you build massive wealth for later in life

Mistakes you can make when using self-directed funds to invest (and how to avoid them)

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

Henry's BiggerPockets Profile

Henry's Instagram

The Self-Directed IRA: What You Should Know About This Wealth-Building Tool

How to Invest in Real Estate With a Self-Directed IRA

Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth"

Book Mentioned in the Show:

BRRRR by David Greene

Connect with Kaaren:

Work with Kaaren

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-770

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

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769: The Beginner’s Guide to “Infinite Investing” with the BRRRR Method May 23, 2023

Show notes

The BRRRR method allows you to buy rental properties faster, smarter, and with far less cash than ever before. It’s one of the most popular real estate investing strategies around, allowing almost anyone to take a small amount of money and turn it into an extensive rental property portfolio. And while this may seem complicated to imagine for the everyday worker or small landlord, BRRRR can change your life and supercharge your wealth, but only if you know how it works.

Of course, we have Sir BRRRR himself on the show, David Greene, to describe exactly how the BRRRR method works, what’s changed in 2023, and the signs you have a great BRRRR deal on your hands. Not only that, David will show you where to find the best BRRRR deals, how to analyze your properties BEFORE you buy, and the rules of thumb you should follow to ensure you’re getting the best BRRRR property possible. He’ll also sprinkle in some expert tips that allow you to maximize the value of your property while paying the least out of pocket!

Start building wealth with BRRRR today! Get unlimited access to exclusive tools, leases, and more when you sign up for BiggerPockets Pro and use code “BRRRR20” for a special discount.

In This Episode We Cover:

How to use the BRRRR strategy to build a rental property portfolio faster

Why SO many investors leverage the BRRRR method when they start investing

Where to find BRRRR deals and the three types of “distress” to watch out for

Signs of a good BRRRR and real estate rules of thumb you should follow

Using the BiggerPockets BRRRR calculator to analyze your next property

The ONE tool great investors use to scale their portfolios even faster

Cost-saving tips that’ll keep your rehab budget down while boosting the ARV (after repair value) of your BRRRR

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