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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Real Estate Rookie Podcast 236: Creative Financing 101 with No Cash, Credit, or Credentials

Real Estate Rookie Podcast 280: How to Buy a Rental Property with NO Money OR Credit

Rob and Pace’s Recent Collab

Books Mentioned in the Show:

Wealth without Cash by Pace Morby

Connect with Pace:

Pace's BiggerPockets Profile

Pace's Instagram

Pace's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-757

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756: Seeing Greene: How to “Supercharge” Your Rental Property's Cash Flow in 2023 Apr 23, 2023

Show notes

Real estate cash flow is why most investors decide to buy rental properties. But with interest rates at decade-long highs, rents starting to stagnate, and home prices still in unaffordable territory, making cash flow, or breaking even for that matter, has become challenging. And while the “golden age” of cash flow real estate investing might be over, there are still numerous ways to bring in more passive income on properties you already own.

We’re back for another Seeing Greene, where your favorite investor, broker, and “definitely not a loan expert,” David Greene, is back to answer YOUR real estate investing questions. This time around, we’ve got some serious questions about which rental properties are worth buying, how to get around zoning headaches, whether building an ADU is worth the money, and whether or not now is the right time to sell a high-equity property. David also touches on the EASIEST way to increase your cash flow in 2023 and the investing method that EVERY investor should focus on.

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 hop on a live Q&A and get your question answered on the spot!

In This Episode We Cover:

How to “supercharge” your real estate cash flow by looking for money in places most investors avoid

Zoning requirements and how to get around them by building ADUs or making some simple rental property tweaks

Investing out of state and whether selling your primary residence to buy rentals is ever worth it

How to start and structure a real estate partnership (and why David invests solo)

Building an ADU vs. buying a rental property and which is a MUCH safer bet

When to sell vs. hold a rental property (even if you have HUGE equity gains)

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

Work with David’s Mortgage Team

Try the BiggerPockets Rent Estimator on Your Next Property

Is Building an Accessory Dwelling Unit (ADU) a Worthwhile Investment?

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Connect with Guest Cristian:

Cristian's BiggerPockets Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-756

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

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755: How a Barber Went from $12 Clips to Six-Figure Cash Flow in 10 Years w/Rick Morin Apr 20, 2023

Show notes

Most people buy rental properties on purpose, but most people aren’t Rick Morin. Rick is what we would call an “accidental investor.” He has been able to build a home-run housing portfolio by slowly, steadily investing whenever he had the chance. The best part? In the beginning, Rick had no idea that what he was doing was real estate investing. He was stunned when he bought his first home, which ended up paying for itself entirely. Fast forward a couple of decades, and Rick is sitting pretty with $285,000/year in passive income, a $3,000,000 portfolio, and the financial freedom most Americans won’t achieve until their 60s.

So how did a barber, growing up in an impoverished household, go from making $12 a haircut to pulling in over $200,000 per year in pure cash flow? It’s simple: buy right, buy consistently, and trust your gut. Rick has done flips with car-sized holes in the roof, gone over budget and timeline, and made up his own comps, but at the end of the day, all the deals he’s done have led to him holding this massive real estate portfolio. And while he’s nothing short of an investing genius, his process for evaluating and doing deals is NOT complex. You don’t need a degree, a large inheritance, or any experience to repeat Rick’s system.

If you’re trying to build wealth in the background, leave a legacy for your kids, grandkids, great-grandkids, and everyone else down the line while focusing on doing what you love, tune into this episode. Rick has wealth-building advice that ANY investor can benefit from hearing.

This Show Sponsored By

Take your business to the next level with Left Main: the #1 CRM for Real Estate Professionals, built on Salesforce.

Go to leftmainrei.com/biggerpockets to learn more.

In This Episode We Cover:

Turning $12 haircuts into a $3,000,000 real estate portfolio

How Rick used “house hacking” to accidentally start investing in real estate

House flipping and how to use short-term profits to pay for long-term rental properties

Leaving a legacy, building generational wealth, and escaping poverty

Where to find off-market deals and using Facebook, friends, and clients to get DEEPLY discounted properties

Short-term rental investing and the secret tip a top tourist group CEO gave Rick

Why building wealth slowly will make you richer than speeding your way to financial freedom

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

House Hacking 101: What It Is and How to Get Started

How to Easily Find Off-Market Properties

The Plight of an Accidental Landlord

Flipping Houses: How to Get Started and Everything You Should Know

Connect with Rick:

Rick's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-755

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

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754: EVERYTHING You Need to Get Your First Real Estate Deal Done in 2023 Apr 18, 2023

Show notes

Ready to buy your first rental property in 2023? If you’re going to reach financial independence, retire early, and own your time, you better get started. But you can’t build a rental property portfolio without buying your first, second, or third deal. So, how do you go from real estate zero to rental property hero without having any experience? Take some notes from rental property investing expert David Greene, who built his financial freedom-producing portfolio in under ten years!

David walks step-by-step through everything you must do to buy your first rental property in 2023. From finding the deals, getting your financing and loans set up, analyzing a property, and repeating the system. If you listen fully through this episode, you’ll have everything you need to find and buy your first (or next) rental property. So what are you waiting for? Grab a notepad and a pen, and don’t get distracted by David’s beautiful bald head. Now is the time to start building your life of financial freedom!

Want to take your real estate investing to the NEXT LEVEL? Reach financial freedom faster and sign up for BiggerPockets Pro with code “RENTAL20” for a special discount!

This Show Sponsored By

Take your business to the next level with Left Main: the #1 CRM for Real Estate Professionals, built on Salesforce.

Go to leftmainrei.com/biggerpockets to learn more.

In This Episode We Cover:

Why your first few real estate deals DON’T MATTER (as much as you’d think)

The “stack” real estate method to build an EXPLOSIVE real estate portfolio

The “3 D’s” of real estate investing and where to find dollars, deals, and investing direction

The BEST way to find real estate deals (even in a tough market like 2023)

How to analyze a rental property (LIVE!) using the BiggerPockets rental property calculator

The one tool top investors use to get deals done even faster

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

Join BiggerPockets Pro and Use Code “RENTAL20” for 20% Off

Try the BiggerPockets Rental Property Calculator on Your Next Deal

Estimate Rent Easily with the BiggerPockets Rent Estimator

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

Books Mentioned in the Show:

BRRRR by David Greene

Long-Distance Real Estate Investing by David Greene

SOLD by David Greene

SKILL by David Greene

SCALE by David Greene

The One Thing by Gary Keller

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-754

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753: Seeing Greene: CPAs Answer YOUR Top Investing and Tax Questions Apr 16, 2023

Show notes

Want more real estate tax deductions? If you’re a savvy investor, you can use the tax code to avoid income tax, keep more money, and grow your portfolio even faster. But it’s hard to do so without a rock-solid CPA behind you. Thankfully, we have some of the world’s top real estate CPAs on the show, and they’re giving their take on tough tax questions (WITHOUT sending you a bill!). If you want to lower your tax burden, keep more of your hard-earned money, and play the tax game to WIN, stick around!

Welcome back to another Seeing Greene! This time, we’re joined by some of the most beloved real estate tax rockstars. Amanda Han, Matt Bontrager, and Tom Wheelwright have spent their careers helping real estate investors get the most out of their investments. From eliminating income tax to finding hidden deductions, boosting depreciation, and getting their clients into more tax-advantaged assets, these CPAs practice what they preach and are here to help you too!

They’ll be answering questions about how to unlock the MASSIVE tax benefits of real estate investing while working a W2, when to start an LLC, how to protect your assets, whether a 1031 exchange is really worth it, and how to find the right CPA. Their suggestions could save you THOUSANDS in taxes, so don’t miss this one!

In This Episode We Cover:

How to avoid income tax through real estate investing (even with a W2 job!)

When to pull equity out of a property and how long to hold a rental

Crucial questions to ask a CPA and how to know that they’re truly “investor-friendly”

The 1031 exchange explained and when it’s NOT a good option for eager sellers

Private money lending and how to ensure your lender shares in your property’s tax benefits

Capital gains tax and how to AVOID it when selling a primary residence

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 162

Hear Our Past Episodes with Amanda:

BiggerPockets Podcast 49

BiggerPockets Podcast 269

BiggerPockets Podcast 370

BiggerPockets Podcast 424

BiggerPockets Rookie 77

BiggerPockets Rookie 255

BiggerPockets Rookie 260

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

Hear Our Past Episodes with Matt:

BiggerPockets Podcast 689

Hear Our Past Episodes with Tom:

BiggerPockets Podcast 569

BiggerPockets Podcast 631

Connect with Amanda, Matt, & Tom:

Amanda's BiggerPockets Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-753

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

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752: Why I Sold a Rental Property Portfolio That Took Me YEARS to Build w/Lee Yoder Apr 13, 2023

Show notes

Want to know how to invest in multifamily real estate WITHOUT being a multimillionaire? We aren’t talking about tackling a duplex or triplex; we’re talking about sixteen, eight, or ten-unit apartment buildings that could help you replace your W2 income. And while these deals may seem too big to take down for a rookie real estate investor, they’re much easier to get done IF you know what to do. But you’ll want to follow Lee Yoder's advice, who left his job and took a hefty pay cut to start investing in real estate.

As a corporate physical therapist, Lee knew that time was passing him by. The one thing he could do to ensure a life of financial freedom and time with his growing family? Multifamily real estate investing! He made the risky decision to switch gears, leaving the corporate world and thirty percent of his income behind to make the jump. Thanks to smart saving and spending, Lee was in a position where he could dedicate large chunks of his time to flipping houses and later investing in passive-income-generating real estate.

The best part about Lee’s story is that he did all of this on a middle-class income, without a ton of cash, using tools that almost every investor has available to them. If you want to know how he did it, what steps helped him skyrocket his portfolio, and how you can repeat his system, stick around!

In This Episode We Cover:

When to go full-time into real estate and saying goodbye to a steady paycheck

House flipping and buying under-market homes at online auctions

The “passive income” fallacy and why real estate investing ISN’T what you think

Living below your means and why spending less allows you to take bigger risks

Using real estate meetups to find partners, mentors, and deals in your area

The rental property “scrapyard” that most investors overlook when buying multifamily

Buying in the multifamily “sweet spot” that new investors and big syndicators won’t venture into

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

Andrew's BiggerPockets Profile

Work with Andrew

Try the BRRRR Calculator on Your Next Deal

What is the BRRRR Method & How to Use it to Invest in Real Estate

How to Properly Analyze a BRRRR Property

Hear Andrew On Our Recent Episode About Asset Management

Connect with Lee:

Lee's BiggerPockets Profile

Lee's LinkedIn

Lee's Facebook

Lee's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-752

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

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751: Why the BRRRR Method WON'T Be the Same in 2023 Apr 11, 2023

Show notes

The BRRRR method just got served a devastating blow. With new financing rules and regulations, the “Buy, Rehab, Rent, Refinance, Repeat” strategy could be coming to a close for rookie real estate investors. This is a sensitive subject for most investing experts, as the BRRRR method was almost foolproof from 2010 to 2020. ANYBODY could find a house needing renovations, make some needed repairs, and turn it into a cash cow by refinancing out of their original loan.

But now, the tide has started to turn, cash flow has been erased thanks to high mortgage rates, and finding a home for sale isn’t as easy as it always was. For investors who relied on the BRRRR method, this could be seen as the end of a wildly profitable era. But for expert investors like David Greene, Henry Washington, and Rob Abasolo this is just the beginning of a new type of BRRRR that could pay off handsomely but has much more lethal side effects.

In this episode, we’ll get into exactly what the BRRRR strategy is, how investors use it to recycle their down payments, and what changes have caused it to go out of style. Our expert hosts will also describe what you MUST do to make your BRRRR investment work in 2023 and why simply buying a fixer-upper is NOT a worthwhile strategy. So stick around if you don’t want to get burnt on your next BRRRR!

In This Episode We Cover:

The BRRRR method explained and why it’s such a profitable rental property strategy

What changed in the BRRRR method and why 2023 will be MUCH more challenging

Seasoning period requirements and how long you’ll have to wait before refinancing

BRRRR red flags and what to do to protect yourself from buying a bad deal

The 1% rule and whether or not it’s still worth chasing in 2023

Expert ways to get around BRRRR waiting periods and high-interest rates

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

Try the BRRRR Calculator on Your Next Deal

What is the BRRRR Method & How to Use it to Invest in Real Estate

How to Properly Analyze a BRRRR Property

Books Mentioned in the Show:

Buy, Rehab, Rent, Refinance, Repeat by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-751

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

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750: Seeing Greene: Don't Fall For the "Quick Cash Flow" Properties Apr 09, 2023

Show notes

You want cash flow, but how do you get it in a housing market with high rates and home prices but low inventory? Or, how do you escape the rent cycle and get into real estate investing? Should you buy your first rental before a primary residence? And what financial position do you need to be in to leap into homeownership? When starting your real estate investing journey, questions like these seem to have no end. That’s why we’ve got David Greene, experienced investor, agent, broker, and author, to help guide you to the answers.

Welcome back to another Seeing Greene, where your tips, flips, and financial freedom-finding host, David, is here to help you build wealth through real estate investing. We’ve got questions from investors, renters, and homeowners trying to take their first step into the rental property investing world. First, we talk about tenant-friendly states and how house hacking can allow you to dodge many of these harsh landlord laws. Next, we hit on some HELOC (home equity line of credit) questions about when to pay off a HELOC and whether using one to buy a rental is a good idea. Finally, David talks about growing your financial foundation and how to systematize your business, so you AREN’T working sixteen-hour days. All that and more, coming up!

In This Episode We Cover:

Tenant-friendly states and whether they’re still worth investing in

How to find “quick” cash flow in today’s real estate market

When (and when NOT) to use a HELOC to fund your down payment

Buying a primary residence vs. rental property and building your financial foundation

When to pay off a line of credit and recycling the funds to buy more rentals

Systems you MUST put into place to free up time, do bigger deals, and get more done

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

3 Real Winning Deals in 2023 (and Where You Can Find Them!)

Need Lending? Contact David’s Brokerage

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

Books Mentioned in the Show:

SCALE by David Greene

SOLD by David Greene

SKILL by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-750

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

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749: From DoorDasher to $1.5 MILLION in Real Estate (All at 22 Years Old!) w/Josh Janus Apr 06, 2023

Show notes

Your DoorDash driver may be the world's next real estate mogul. If you ever had Josh Janus drop off food at your house, you may have been in the middle of him getting a deal done. That's right; between picking up and delivering food, Josh was cold-calling sellers, sourcing as many off-market real estate deals as possible. This type of serial side hustling led Josh to acquire $1,500,000 in real estate at age twenty-two, making $50,000 per month and building a business most entrepreneurs could only dream of.

From a young age, Josh was already the king of multiple income streams. He was making duct tape wallets on the bus, flipping shoes online, and doing whatever he could to save more money. When he found BiggerPockets, he realized that real estate was the way to propel his dollars even further, allowing him to have money work for him instead of the other way around. So, Josh set out building a "hybrid wholesaling" model. He would contact off-market sellers, send their information to an agent, and get paid for his side of the deal.

Once Josh got his real estate license, he started hustling even harder, selling $17,000,000 of real estate as an agent, making more in a month than many Americans make in a year. So what was Josh's quick key to success? How did he do all this in his early twenties without any experience? And how can you repeat the same system to skyrocket your wealth? Stick around; Josh will tell you how to do it too!

In This Episode We Cover:

The "hybrid wholesale" model Josh uses to make serious commissions on off-market deals

Side hustles, alternative income streams, and how to make more money in your free time

Cold calling tips and getting your first off-market deal under contract (even with NO experience)

How to use the BiggerPockets forums to get more deals, network with more investors, and build wealth

Mistakes you should avoid when hunting for your own off-market real estate deals

Josh's nearly perfect BRRRR and the right way to do a deal that needs a renovation/rehab

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 Couch-Flipper Turned Investor, Ryan Pineda

Build Your Off-Market List with PropStream

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

SCALE by David Greene

Connect with Josh:

Josh's BiggerPockets Profile

Josh's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-749

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

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748: From $5/Hour to Five-Figure Rent Checks Thanks to "Guaranteed" Rent w/Anne Curry Apr 04, 2023

Show notes

A preschool teacher turned rental property millionaire!? You wouldn’t believe it at first. How could someone like Anne Curry go from making five dollars per hour to bringing in five figures’ worth of rent checks every month? While it didn’t happen overnight, Anne’s story is one that’s repeatable by almost everyone, no matter where you’re starting financially, how much education you have, or your background.

Anne was never destined to be rich. She grew up in a household of non-profit workers, teachers, and those that expected to give more than they got. So when Anne married her husband, a social worker, she knew their chance of owning a home, let alone several, was slim to none. But, her fire for financial freedom and generational wealth never stopped burning, and as soon as she could purchase her first property, she made the jump that changed the course of her life.

Now, as an affordable housing landlord with hundreds of units, Anne is on a mission to not only build wealth but help others follow her same path. She went from having very little money to an astonishingly large real estate portfolio simply by asking questions, offering help, and having a tenacious attitude to build up others, not just her bank account. She explains how ANY landlord can get into affordable housing, the massive benefits that this type of investing offers, and the common myths most people get wrong about section 8 and guaranteed rent.

In This Episode We Cover:

Affordable housing myths and why most landlords are wrong about section 8 tenants

How to find affordable housing deals and the HUGE grants local governments offer

Scaling into multifamily and how to connect with those that have affordable housing deals

Finding a mentor, asking questions, and why you MUST be willing to learn before you invest

The new BRRRR method that’ll let you level up your wealth while owning your home

Types of affordable housing and who to talk to if you want to convert your rental to section 8 housing

And So Much More!

Links from the Show