BiggerPockets Real Estate Podcast

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

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Hear the First 90-Day Mentee Episode

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Book Mentioned in this Episode

30-Day Stay by Zeona McIntyre & Sarah Weaver

Connect with Danny, Philip, & Wendy:

Danny's BiggerPockets Profile

Philip's BiggerPockets Profile

Wendy's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-719

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718: BiggerNews: The State of Real Estate in 2023 and 3 Ways to Beat a Bear Market Jan 24, 2023

Show notes

Most 2023 housing market predictions sound like this, “The sky is falling! Sell everything! Houses will be worth $1 next year! This is just like 2008!” Look at the track record of those who shill predictions like this. These are the same forecasters who have been predicting a crash will happen at some point over the last ten years. Now, with a whiff of fear in the air, mainstream real estate journalists will do anything they can to convince you we’re having a repeat of 2008. However, this is far from the truth.

But how could we forecast the 2023 housing market without data? And where there’s data, there’s Dave Meyer, VP of Data and Analytics at BiggerPockets and host of the On the Market podcast. Dave and his team have recently released “The 2023 State of Real Estate Investing Report,” which gives all the housing market data you need to invest successfully in 2023. In it, Dave shares how the 2022 housing market flipped once the Fed raised rates, how supply and demand have been affected, and what we can expect for 2023.

Dave will also go over the three investing strategies he feels are more appropriate for investing in 2023, including a completely passive way to invest, a cash flow and appreciation combo, and how buyers can take advantage of this market to get deals at a steep discount. While we can’t predict the future, we can give you our best insight into what you can do to build wealth in 2023. So turn off the mainstream fear forecasting and tune into real news designed to make you richer!

In This Episode We Cover:

Why 2023 is not a “normal” housing market and the details leading up to today’s state

The “levers” that affect home prices and why 2023 is NOT the same as 2008

Seller’s vs. buyer’s markets and where prices are most expected to dip

Homebuyer demand and how unaffordability has caused most buyers to sit on their hands

Mortgage rate increases and how the Fed is using high rates to combat inflation

The three strategies that work in today’s housing market and how to invest while others sit on the sidelines

2023 housing market predictions and when we could potentially see home prices bottom

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

Dave's BiggerPockets Profile

Books Mentioned in this Episode

Real Estate by the Numbers by J Scott and Dave Meyer

Real Estate Note Investing by Dave Van Horn

Connect with Dave:

Dave's Instagram

“On the Market” Podcast

“On The Market” YouTube Channel

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-718

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717: Seeing Greene: Hoarder Houses and Investing Tips for Late Starters Jan 22, 2023

Show notes

Hoarder houses, hidden tax benefits, and how to invest when getting a late start—it’s all answered on this episode of Seeing Greene. We’re back, and David has brought some new questions never answered before on the show. This time, we’ll touch on some sticky situations, like creative ways to buy a hoarder house and whether investing in a tricky renovation is even worth the potential equity. We also hear about David’s secret system for getting contractors to always show up on time and get the job done, no matter what!

Not only those topics, but we also have some questions and answers that fluctuate with the market cycles. David will hit on the advantages of flipping vs. BRRRR-ing a property, the best real estate exit strategy to go from active to passive income, and what investors who got a late start can do now to get ahead. This episode has something for EVERY level of investor, from beginners who need to get into their first rental to investors looking to turn their rental properties into lower tax bills. So stick around if you’re investing or trying to invest in 2023!

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:

Flipping vs. BRRRRing and when selling beats holding a home

The best way to start investing that’s easily repeatable and doesn’t require much cash

Dealing with difficult contractors and what you can do to ensure they show up on time every day

Real estate exit strategies and how to sell a rental without suffering a massive tax burden

The hidden real estate tax advantages that most investors overlook

Advice for late starters who want to invest in real estate and whether equity or cash flow is worth chasing

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

Learn More About the Short-Term Rental Tax “Loophole”

5 Tips to Help Investors Handle Hoarder House Situations

3 Exit Strategies You Need to Have When Investing in Real Estate

Books Mentioned in this Episode

Long-Distance Real Estate Investing by David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-717

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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716: FIRE by 27 Using the "Chick-Fil-A Rule" of Real Estate w/Greg Cullen Jan 19, 2023

Show notes

Financial independence is something that people spend decades trying to achieve. For the average American worker, this can be a slow grind, saving a few hundred dollars a month, hoping to be financially free at sixty-five so they can finally enjoy retirement. The problem? You spent three or four decades at a job, waiting to do what you want. If you’re going to crack the code to financial freedom, retire early, and live and work on your terms, you might want to follow Greg Cullen’s strategy.

Greg has been hustling since he was a teenager. He was bringing in a full-time salary at age sixteen after building a sign-spinning business with over a dozen workers. He always knew the key to success was finding smart ways to make more money. So, when Greg was offered a full-time salary, he turned it down for a sales job with no cap on commissions, allowing him to save money at a far faster rate, and reach financial freedom well before the age of thirty.

But Greg didn’t need some colossal empire of cash-flowing rentals. Instead, he’s financially free with only ten units, all of which he bought in under a decade. So how did someone like Greg, without real estate experience, scale his income up so fast? In this episode, you’ll learn what Greg did to purchase properties at lightning speed, the Chick-fil-A rule of real estate you should adopt, and how failing is the only successful way to hit financial freedom early.

In This Episode We Cover:

Why choosing a commission-based job, with uncapped earnings, beats a salary almost always

Sign spinning and creative ways Greg made big money as a teenager

The Chick-fil-A real estate rule that all investors should follow when picking a rental property market

Common investing hurdles and how to deal with massive burnout when trying to make more money

The laws of power that every entrepreneur, investor, or employee must know to level up

What to do when real estate partnerships go wrong and turning a stressful situation into a killer deal

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 “The 48 Laws of Power” Author, Robert Greene

Books Mentioned in this Episode

The Concise 48 Laws Of Power by Robert Greene

Rich Dad Poor Dad by Robert Kiyosaki

Connect with Greg:

Greg's BiggerPockets Profile

Greg's YouTube

Greg's Instagram

Greg's TikTok

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-716

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715: How to Make 2023 Your Best Year Ever Jan 17, 2023

Show notes

Search “how to make passive income” online, and there’s a good chance you’ll see “real estate investing” on every list. Why? Real estate investing is one of the most time-tested, stable, and repeatable ways for the everyday American to get rich, build wealth, and start collecting passive income every month. But you’ll never get going if you don’t know where to start. So to make your 2023 as successful as ever, David Greene, investor, agent, and host of the BiggerPockets Real Estate Podcast, sat down to walk through the eleven steps it takes to go from onlooker to real estate investor.

Real estate is NOT a “get rich quick” type of investment, but it can help you build wealth in a surprisingly short amount of time. Just ask David, who spent years working overtime as a cop, slowly building up a real estate portfolio that eventually led him to hit financial freedom before most people buy their first house! In this episode, David will walk step-by-step through everything a new investor must do to get their first rental property, how to analyze real estate deals once you find them, and how to repeat the system, so your passive income stack grows bigger every year!

Want to become a real estate investing expert in 2023? Sign up for BiggerPockets Pro, where you’ll get access to real estate tools and calculators, bootcamps for any investor, lease agreement packages for all fifty states, unlimited webinar replays, and exclusive videos.

Start the new year off right by upgrading to BiggerPockets Pro, and use code “NEWYEAR” at checkout for a special discount!

In This Episode We Cover:

How to make 2023 your best real estate investing year EVER

David’s slow start and going from almost giving up to financial freedom in only a few years

How to analyze a real estate deal from start to finish (with a LIVE example)

The 11 KEYS to success when starting in rental property investing

How to find real estate deals in ANY market using the LAPS funnel

Setting goals and why so many people fall short of their new year’s resolutions

Using BiggerPockets Pro to get your first (or next) real estate deal 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

Rental Property Calculator

Rent Estimator

Pro-Exclusive Videos

Grab the Best-Selling BiggerPockets Books

Get Your Ticket to BPCon 2023!

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-715

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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714: Seeing Greene: Outsourcing, Retiring with Real Estate, & Investing in College Jan 15, 2023

Show notes

What’s your real estate retirement plan? How should you fund your rentals? And why is today’s housing market so hard to cash flow? These are just some of the questions that regular real estate investors ask themselves. In a high interest rate, low inventory environment like 2023, landlords need to find better deals, use better financing strategies, and look for different ways to profit, to turn their portfolios into passive income-generating machines.

Welcome back to a Seeing Greene episode that has questions from all over the nation. Some investors wonder why their cash-on-cash return numbers look so bleak. Others are debating using a HELOC (home equity line of credit) to buy rentals, even as interest rates continue to rise steadily. You'll hear answers to those questions all while David touches on topics around buying for cash flow vs. appreciation, how to buy rental properties while in college, how to find off-market properties, and where to meet private money lenders!

In This Episode We Cover:

Starting a construction company and using this lucrative trade to invest faster

Cash-on-cash return and why appreciating markets are crunching down on potential cash flow

Single-family vs. multifamily real estate investing and when to favor appreciation over cash flow

Using a HELOC to buy rental properties vs. saving up your cash for a down payment

Investing while in college and how to get approved for a mortgage even if you don’t have full-time income

Where to find off-market real estate deals and reach motivated sellers

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

Ask David Your Real Estate Investing Question

Amy Mahjoory's Masterclass on Private Lending Part 1

Amy Mahjoory's Masterclass on Private Lending Part 2

Amy Mahjoory's Masterclass on Private Lending Part 3

Amy Mahjoory's Masterclass on Private Lending Part 4

How to Calculate Cash-on-Cash Return

Learn More About David’s Full Real Estate Team

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-714

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713: The Real Life Top Gun’s Advice to Become ELITE at Anything w/John Foley Jan 12, 2023

Show notes

Chances are you’ve seen the movie Top Gun before. This exhilarating film showcased the almost unbelievably intense reality of being an elite pilot in the military. And behind many of those awe-inspiring stunts and scenes was John Foley, Blue Angels pilot, entrepreneur, real estate investor, public speaker, and all-around inspiring human being. John has performed these death-defying stunts for years and successfully became the one percent of the one percent of pilots. His key to success? Failing hard.

As soon as John saw the Blue Angels perform as a child, he dreamed of doing the same. It took him eighteen years to accomplish his dream, but it came with a cost. Before hitting his performance peak, John made a flight mistake that could have ended his career and another pilot’s life. Thankfully, this ill fate was avoided, but John still had to live with the consequences of making such a massive mistake. As a result, John reframed and rewired his brain to be better, retain more, keep his composure, and be “glad to be here.”

He’s made his way up to the highest level of flying and knows the key to elite success. The surprisingly simple method is laid out in today’s show, as John walks through the five steps he goes through every day to improve his life constantly, always be grateful, and never leave a day to waste. So if you want to push yourself to the next level, accomplish more than you think you’re capable of, and live more life in the moment, tune into this episode!

In This Episode We Cover:

Knowing your blind spots and why witnessing your weaknesses can boost your skills

Why complacency kills and thinking you’re “good enough” can drag you down

The benefits of a debrief and why you always want to know what you did wrong

Finding your “why” and turning it into the driving force behind your success

The “glad to be here” method and why it’s a “wonder drug” for human happiness

How the 1% of any skill set optimize their performance and push others to do the same

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

Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership

Here’s Why Failure Is NEVER the End of Your Real Estate Journey

Book Mentioned in this Episode

Fearless Success by John Foley

Connect with John:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-713

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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712: Has the Short-Term Rental Goldmine Run Dry? w/AirDNA’s Jamie Lane Jan 10, 2023

Show notes

Short-term rentals can be categorized, at least at a surface level, as the “easiest” investments of 2021 and 2022. With low interest rates and a surge of post-pandemic tourism, new hosts were buying homes for cheap monthly payments, throwing some furniture in them, and making a six-figure return within a year of owning just one property. Naturally, this led more and more hosts to start building bigger vacation rental empires, buying as many properties as possible and inflating prices as a result.

But, the boom in BnBs caught on quickly, and more investors began tackling the same strategy. Before long, there were more short-term rentals than ever, but the same number of guests occupied them. Now, short-term rental hosts are facing lower occupancy as they struggle to compete over which properties will get which guests. So, is this the end of the short-term rental industry, or is the data showing something completely different? We brought on Jamie Lane, Vice President of Research at AirDNA, to give us a glimmer of hope.

Jamie knows short-term rental data better than anyone else. He knows which markets are growing, which are declining, which amenities get you the highest ROI, and why last-minute bookings aren’t a bad thing. He gives us a deep dive into what’s affecting the short-term rental market as a whole, whether it’s on a decline, and what hosts can do to beat out the competition when trying to fill their listings.

In This Episode We Cover:

The “BnBust” and why so many short-term rental hosts are facing low occupancy

2023 short-term rental predictions and the effect a recession could have on the industry

The best short-term rental markets and which tourist cities will remain strong

Short-term rental regulations and how they may be a good thing for existing hosts

Last-minute bookings and using dynamic pricing to make these stays more profitable

The top amenities guests want in their vacation rental in 2023

Superhost status and the massive boost in bookings it can lead to

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

Use the BiggerPockets Airbnb Calculator

Try AirDNA Today

Tony's BiggerPockets Profile

AirDNA 2023 Outlook Report

AirDNA November 2022 Data

Connect with Jamie:

Jamie's LinkedIn

Jamie's Twitter

Jamie's Podcast

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-712

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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711: Is This the BIGGEST Multifamily Opportunity in 10 Years? w/Andrew Cushman and Matt Faircloth Jan 08, 2023

Show notes

Multifamily real estate investing was almost impossible to break into over the past few years. Even those that had been in the field for decades were finding it challenging to get offers accepted or deals underwritten. Investors were throwing in almost unbelievable amounts of non-refundable earnest money, going well over asking price and analyzing deals at lightning speed, which often led to mistakes, not more money. But the tables have turned, and now, thanks to high interest rates, the buyer is in the driving seat.

And how could it be a multifamily episode without Andrew Cushman and Matt Faircloth? These two expert multifamily investors have been buying apartments for decades and helping others do the same! In this episode, Andrew and Matt break down what has gone on in the multifamily markets, why cap rates haven’t kept pace with interest rates, and what buyers can do now that sellers have lost most of their bargaining power. You’ll also get to hear their multifamily predictions for 2023, how far they expect prices to fall, and what you can do to start or scale your multifamily investing this year!

Then, Andrew and Matt take questions from the BiggerPockets forums and live Q&As with new multifamily investors. These topics range from property classes explained to raising private capital from investors (who aren’t your mom) and the risks and rewards of investing in smaller markets. Whether you’re interested in duplexes, triplexes, or two-hundred-unit apartment complexes, Andrew and Matt have answers for you!

In This Episode We Cover:

The mortgage and cap rate battle and how the two are unbalanced in 2023

The multifamily buyer’s market and why now is the time to aggressively chase deals

2023 housing market predictions and what multifamily investors can expect

How to start, or scale, your multifamily real estate portfolio this year

Long-distance real estate investing and assessing a property market from afar

How to raise money from private investors and expanding your network

The hidden dangers behind investing in a small, tertiary markets

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

Andrew's LinkedIn

Vantage Point Acquisitions

Matt's BiggerPockets Profile

Matt's Instagram

DeRosa Group

Paul Moore’s Article on Interest Rates and Cap Rates

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Raising Private Capital by Matt Faircloth

The Intention Journal by Brandon Turner

Connect with Philip & Daniel:

Philip's BiggerPockets Profile

Philip's Instagram

Philip's Website

Daniel's BiggerPockets Profile

Daniel's Twitter

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-711

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

Learn more about your ad choices. Visit megaphone.fm/adchoices

710: How to TRIPLE Your Rental Property Income with Group Home Investing w/Antoinette Munroe Jan 05, 2023

Show notes

Assisted living investments may be the most underrated, unknown, but ridiculously profitable real estate investment out there. For many investors, turning their single-family home into assisted or senior living seems like an impossible task. Don’t you need to have a medical background? Do you need a license? Can anyone do it? Instead of getting caught in analysis paralysis, Antoinette Munroe looked at the numbers, decided to take the jump, and hasn’t looked back. And after hearing her story, you might do the same!

Antoinette found financial freedom in just a few years with vacation rental investing. She used the game-changing strategy of house hacking combined with short-term rentals to profit over a thousand dollars a month, all while living in her own house. She slowly started building her empire, buying one property a year while working towards financial independence. She reached her ultimate goal, retiring early after only a few years of investing. Then, things started to change.

With new regulations rolling in, Antoinette had a large slice of her business about to be shut down or restricted at best. She needed to pivot to something that would make her the same money while still being passive enough to live the newly-retired lifestyle. When she heard about assisted living, she knew she had to run the numbers to see if the hype matched reality. The income was astonishing, and now she’s dedicated her time, money, and resources to building an assisted living empire that'll pay her much more than the vacation rentals before.

In This Episode We Cover:

The “game-changing” house hacking strategy that will help you reach financial freedom faster

Why you DON’T need to build a large real estate portfolio to retire early

Short-term rental regulations and how they’re delivering a blow to new investors

Pivoting your strategy to make even more money when everything is going wrong

Assisted living investing explained and how you can get in on the high-income action

The funding/financing mistake that Antoinette made and why you MUST avoid it

The bright side of short-term rental investors and improving your community while making passive income

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