BiggerPockets Real Estate Podcast

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Get Your Tickets to BPCon2022

BiggerPockets Money Podcast

Work with David’s Team on Your Next Mortgage

Books Mentioned in the Show

SOLD by David Greene

SKILL by David Greene

The House Hacking Strategy by Craig Curelop

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-621

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620: Ed Mylett Foresees Huge Opportunity for “Small Investors” in 2022 Jun 09, 2022

Show notes

Ed Mylett knows the housing market. He’s participated in real estate investing for decades and has become wildly successful thanks to his tenacity, relationship-building skills, and creativity when getting deals done. But, funnily enough, Ed Mylett isn’t most well known for his real estate investor prowess—he’s known for his mindset-shifting, world-changing ideas when it comes to personal development, discipline, and entrepreneurship.

In Ed’s newest book, The Power of One More, he talks about the small tweak that anyone can make to become many multiples more successful. In essence, every extra push-up, cold call, and hug to your spouse or child is the exact thing that puts you above the rest. It’s not about putting in the effort, it’s about putting in more effort than the average person would. This not only applies heavily to real estate investing but to any goal we set.

David and Rob get the opportunity to talk to Ed about his book as well as his sentiment towards today’s housing market and what deals he’s doing in the background. You may be surprised to hear it, but Ed is incredibly bullish on real estate investing for a few good reasons. He gives a simple yet incredibly practical explanation for why this year is surprisingly the best time to get into real estate investing in a long time.

In This Episode We Cover:

How the power of “one more” can change everything about your life

Why committing to your standards is arguably more important than goal setting

How collective psychology is driving the market to new places (and how to escape its grasp!)

Why investors must start “evaluating their income streams” instead of just their properties

The “most crazy deal” Ed has ever done and why it’ll be a first of its kind

Building the confidence you need to accomplish your dreams and create a life you love

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Subscribe to The “On The Market” YouTube Channel

Check Out the “On The Market” Interview with J Scott

6 Things You’ll Need When Getting Into DIY Landlording

Start Landlording Smarter with Avail

Dave's BiggerPockets Profile

David's Instagram

BiggerPockets Podcast 433

BiggerPockets Podcast 600

The World’s Least-Followed Investment Advice (& How it Can Make You a Millionaire)

6 Empowering Strategies to Conquer a Paralyzing Fear of Failure

Books Mentioned in the Show

The Power of One More by Ed Mylett

Nothing Down by Robert Allen

Connect with Ed:

Ed's YouTube

Ed's Instagram

Ed's Podcast

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-620

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619: BiggerNews June: Why "DIY Landlords" Will Win in a Recession w/Laurence Jankelow Jun 07, 2022

Show notes

What do DIY landlording and inflation have to do with each other? Surprisingly, much more than you would think. As the year progresses and the housing market stays hot, more real estate investors are having trouble finding cash-flowing deals. At the same time, the tenants in those properties are seeing the price of their gas, groceries, and rent shoot up. Are tenants going to be left with enough money to pay rent every month? And if not, what will everyday landlords do to keep their properties?

These questions are best left to someone who not only has experience owning and managing rental properties but helping others do the same. Laurence Jankelow, co-founder of Avail, one of the leading property management software picks, is here to talk about the future of the DIY landlord, especially in 2022. Laurence has seen the trends on who’s increasing rent, who’s not, and how many cash-flowing deals are on the table.

Laurence, David, and Dave all take time to debate what the next year will look like for landlords and renters alike. If there is a recession around the corner, how can investors keep themselves in a strong position? What is the first expense new landlords should cut if their cash flow starts to dwindle? And what real estate trends are we seeing in today’s market that you can get ahead of? All these questions (and more) are answered in this month’s BiggerNews episode!

In This Episode We Cover:

Are we heading towards a recession, and if so, how do we prepare?

How software like Avail has made “DIY Landlording” the standard for new investors

The biggest challenges investors will face in 2022 and how to combat them

How would a recession affect the housing market (even as demand is high)

The best money-saving tips for DIY landlords and real estate investors

Inflation’s effect on asset prices and pivoting in your investing strategy

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Subscribe to The “On The Market” YouTube Channel

Check Out the “On The Market” Interview with J Scott

6 Things You’ll Need When Getting Into DIY Landlording

Start Landlording Smarter with Avail

Dave's BiggerPockets Profile

David's Instagram

Dave's Instagram

Book Mentioned in the Show

Rich Dad Poor Dadby Robert Kiyosaki

Connect with Laurence:

Laurence's Email

Laurence's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-619

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618: Seeing Greene: Is My Property Manager Skimming Off the Top? Jun 05, 2022

Show notes

Property management is a crucial part of your real estate investing business. They make repairs, take tenant calls, and most importantly, collect rent. But what happens when your property manager stops contacting you, forgets to send signed leases, and doesn’t send you your rent checks? When is it time to start worrying and how do you go about asking a property manager for your money back?

Welcome back to Seeing Greene, where your expert investor, agent, lender, and podcast host, David Greene, answers some of the most commonly asked real estate investing questions. In this episode, we take both video and written submissions and throw them at Dave to get his time-tested take. You’ll hear questions like, whether to pursue a business or buy rental properties, when to sell an investment property to reinvest profits, how to look for joint venture partners, and what to do when you’re concerned about your property manager’s performance.

In This Episode We Cover:

When to start a business or buy a rental property (and how to do both)

Why ROE (return on equity) beats ROI (return on investment) in 2022

What to ask a potential partner to see if they’re a good fit for a joint venture deal

How to score lower interest rates on mortgages as a self-employed investor

When and which rental property repairs to prioritize after a home inspection

What to do when you suspect a property manager may be skimming off the top

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Get Your Tickets to BPCon2022

Stay Tuned for Our Upcoming Episode with Ed Mylett

Attend a David Greene Meetup

5 Red Flags to Watch For When Hiring a Property Manager

Book Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-618

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617: Why Every Great Investor Should Ask, “What Pisses Me Off?” w/Rich Fettke Jun 02, 2022

Show notes

Single-family rentals are where most real estate investors start. In one way or another, a new investor realizes that there is more to life than just their job. They save up, get educated, and buy their first rental property. Those who do well repeat the process, slowly growing their portfolio to double-digit numbers. But, at a certain point, they realize they can’t go any further with the system they’ve set up for themselves. What should they do?

Rich Fettke, co-founder of Real Wealth, and author of The Wise Investor, fell into real estate accidentally. Over the years he’s had to fine-tune his system, scale his team, and learn how to become not only a successful investor but a successful leader. Now, he runs one of the premier real estate investing websites on the internet, manages three syndications per year, and still individually invests in rental properties.

Thanks to his track record of more than two decades, he knows what does and doesn’t work when trying to scale your real estate portfolio. Most importantly, Rich knows who to hire onto your team so you can continue to build wealth, without having to do all the work yourself.

In This Episode We Cover:

Where new investors should look to purchase their first investment property

How to scale from single-family rental properties to syndication deals

Why most investors “trap” themselves without a scalable team

Turning challenges into adventure and shutting down the “inner gremlin”

Asking yourself, “what pisses me off?” when defining your company’s core values

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Real Wealth Network

The Simplest Way to Successfully Scale Your Business

Syndications—Everything You Need to Know BEFORE You Invest

Books Mentioned in the Show

Think Again by Adam Grant

The Book on Rental Property Investing by Brandon Turner

The Wise Investor by Rich Fettke

BE 2.0 (Beyond Entrepreneurship 2.0) by Jim Collins

Connect with Rich:

Follow Rich on Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-617

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616: Making Money in The Metaverse and The Future Of Digital Real Estate w/Ryan Pineda May 31, 2022

Show notes

If you’ve heard of digital real estate, there’s a good chance you’ve watched one of Ryan Pineda’s videos. Ryan is a leading figure in the world of real estate investing not only in the Las Vegas, Nevada area but throughout the interwebs. He got started flipping homes and eventually scaled his business up to 100 flips per year! Since then he’s branched off into multiple different real estate-related business ventures, but his newest one may be the most revolutionary.

During the lockdowns of 2020, Ryan began to research blockchain, cryptocurrency, and decentralized finance. He saw the way that the world was moving and realized it would only be a short amount of time until real estate transactions were regularly done on the blockchain. This dip into DeFi piqued his interest, so he began researching, investing, and putting more of his time into virtual and digital real estate research.

Ryan makes a strong case as to why most real estate services will move over to a blockchain model, and those that don’t will be left in the dust. Most of what Ryan preaches isn’t just speculation—it’s happening right now in the real world. If you want to get ahead of the curve, or just finally understand what an NFT is, Ryan is the guy to listen to.

In This Episode We Cover:

Starting businesses that help scale and optimize your rental property portfolio

How blockchain could end the title company industry and what investors need to know

Raising private capital and selling properties with decentralized finance

NFTs and using them to split shares/ownership in a real estate syndication

Combining digital and physical real estate investments for maximum diversification

What a blockchain beginner can do to get their start in the virtual investing world

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

BiggerPockets Real Estate Podcast 292

BiggerPockets Real Estate Podcast 407

What Are NFTs and Why Should Real Estate Investors Care?

Watch Our Video on Investing in Virtual Real Estate

Connect with David:

Connect with Rob:

Subscribe to Ryan’s YouTube Channel

Connect with Ryan:

Ryan's Website

Ryan’s “Tykes” Project

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-616

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615: Seeing Greene: Lucrative Lot Splits & Lowering Your Liability as a Landlord May 29, 2022

Show notes

Rental properties come in all shapes and sizes. You may be investing inshort-term rentals, long-term rentals, glamping sites, or, maybe you’re trying to help someone else buy a rental property. Regardless of where you choose to hang your hat on the real estate investing spectrum, David Greene probably has a golden nugget of advice for your next purchase, sale, or client.

In this week’s episode of Seeing Greene, David takes questions from investors, agents, wholesalers, and more to help answer some of the most common real estate inquiries. You’ll hear topics such as: whether or not a special use permit will increase property value, when to sell and when to refi a rental property, whether or not each separate short-term rental needs its own LLC, and why David stopped looking for under-market properties and started looking at something else entirely.

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, orfollow 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

When to hold a property at a great interest rate and when to sell or refi

What it means to “ethically wholesale” and getting deals while helping a seller

Lot splitting and the implications it could have on your taxes, insurance, and equity

How to succeed in a new market as a real estate agent and dropping “hooks” whenever you can

When to put your property in an LLC and whether or not each rental requires its own

Whether or not landlords are making the housing market unaffordable for average homebuyers

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Listen to Our “Ethical Wholesaling” Episode with Jamil Damji

Books Mentioned in the Show:

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

Long-Distance Real Estate Investing by David Greene

Sold by David Greene

Skill by David Greene

Connect with David:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-615

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614: The Cash-Flow Boosting Businesses that Savvy Real Estate Investors Own w/Codie Sanchez May 26, 2022

Show notes

Knowing how to buy a business is a lot like knowing how to buy a rental property. First, you’ll need to know the price of the asset, then the cash flow, followed by expenses, and finally the structure. Because buying real estate is perceived as “simpler” than buying a business, most investors decide to go the real estate route—but they could be missing out. Codie Sanchez saw this opportunity when she was working in venture capital and decided to try out the business buying route herself, just on a smaller scale.

Codie can be perceived as your classic “value-add” investor, which much of the real estate investing community can relate to. She finds a business that has a strong foundation but lacks the tech or marketing to grow faster or increase its profits. When a business has a strong underlying value, just like a rental property, it’s easier than most people think to “renovate” it into something that will sell for far higher.

Codie stresses that buying businesses isn’t so different from buying real estate. She also categorizes which businesses real estate investors should buy if they’re looking to maximize their cash flow and minimize their expenses. With some help from Codie, you could be relying on much more than just rent checks soon!

In This Episode We Cover

What a “value-add business” looks like and how to find undervalued businesses

Evaluating and analyzing a business purchase and which key metrics to calculate before making an offer

Buying off-market businesses and why most business owners never consider selling (until you ask)

The three questions every investor MUST ask before buying a business

Buying instead of building and how trying to build a business can cost you much more than just money

Becoming the business owner, not the operator, and outsourcing everything you can

And So Much More!

Links from the Show

Hear Codie’s Interview on The BiggerPockets Business Podcast

How to Use the DISC Profile to Communicate Effectively in Business

“Contrarian Thinking” Newsletter

Quiet Light

BizBuySell

Empire Flippers

Connect with David:

Connect with Rob:

Connect with Codie:

Codie's Twitter

Codie's Instagram

Codie's TikTok

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-614

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

613: 6 Bite-Sized Steps to Buying Your First Rental Property May 24, 2022

Show notes

Buying an investment property is a lot like exercising. At first, you don’t know any of the verbiage, then you start learning the tools, and finally, after some repetition (and help from those around you), you can become a real estate (or jiu-jitsu/weight lifting/yoga) expert! Think of David Greene and Rob Abasolo as your spotters for today’s deep dive into buying a rental property. Their advice will help you lift the weight, even if you feel uneasy at times!

David and Rob, unsurprisingly, started out like everyone else in thereal estate investing space. They had no deals, no experience, and not a lot of money. But, over the past decade, both have become experts in their specific investing niches—through trial and a lot of error. Now, they bring you more than a decade worth of combined experience so you can stop hesitating and start taking action.

If 2022 is the year for you to start building wealth and pave your path to financial freedom, then this is THE episode to listen to. David and Rob discuss the five most common rookie real estate mistakes and six bite-sized steps that will allow you, no matter your experience, to buy your first, or next, real estate deal. They’ll also give a full walkthrough on how to analyze a real estate deal, plus a special bonus that will allow you to hyper-accelerate your growth in the real estate investing world!

In This Episode We Cover

The two biggest hurdles that stop people from ever investing in real estate

The wealth-building “pillars” that all investors must know before they start investing

Five common mistakes that almost every real estate rookie will face

Why new investors should “commit” before they start educating themselves

Using your network around you to find real estate leads, financing, and contractors

How to analyze a deal for free using the BiggerPockets Rental Calculator

And So Much More!

Links from the Show

Invest in David and Rob’s Next Property

Grab Your Tickets for BPCon 2022

Get a Special Discount on BiggerPockets Pro Using Code “REPOD22“

BiggerPockets Calculator

Find an Investor-Friendly Agent in Your Area

Hear Our Episode with Rent By the Room Expert Todd Baldwin

Watch David’s Interview with CNN on Rising Interest Rates

Work with David’s Team at The One Brokerage on Your Next Home Loan

Connect with David:

Connect with Rob:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-613

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

612: Seeing Greene: Is a Headache Seller Worth Losing a Deal Over? May 22, 2022

Show notes

Cash flow and appreciation are at opposite ends of the investing spectrum. One will fuel your current lifestyle while the other will slowly, silently build your long-term wealth. The cash flow vs. appreciation debate has gotten even stronger this year as home prices continue to rise and cash flow prospects dwindle in formerly stable markets. Is there a way to still get the benefits of long-term growth while also taking home a sizeable rent check?

If there’s one man to ask, it’s your host, David Greene, who’s joining us for another episode of Seeing Greene. David knows a thing or two about buying for different purposes, in different market conditions, with different exit strategies. He’s not only asked about how to do this on today’s episode, he’s also asked questions like who should be on the mortgage when buying a rental with a partner, whether to sell or refi a rental, what to do when your DTI (debt-to-income) ratio is too high, dealing with difficult sellers, and how to get comfortable with being uncomfortable.

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, orfollow 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 split title and mortgage costs when investing with a spouse or partner

Whether to focus on one market or several markets with different benefits in each

When to sell or refi a rental property (especially if interest rates are rising)

How to purchase your next primary residence AFTER you’ve quit your W2 for real estate

Dealing with difficult sellers and how to “convince” them to accept your offer

Why being uncomfortable when investing is a sure sign of growth

And So Much More!

Links from the Show