BiggerPockets Real Estate Podcast &#8211; BiggerPockets

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Find the Real Estate Professional You Need

BiggerPockets Podcast 378 with Brian Burke

BiggerPockets Podcast 649 with Alex Hormozi

Books Mentioned in the Show:

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

Long-Distance Real Estate Investing by David Greene

Investing in Real Estate with No (and Low) Money Down by Brandon Turner

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-669

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668: 10 Units in 3 Years and Giving Back While Getting Ahead Sep 29, 2022

Reaching financial freedom doesn’t mean grinding away for decades to finally retire. It may only take a couple of deals for you to create enough traction to quit your W2 or go full-time into investing. But what if you have a family and children to support? Surely there’s no way to hit quick financial independence with those responsibilities? If you’re still not persuaded, hear Zasha Smith’s story.

Zasha was working sixty-hour weeks, sometimes every day of the week, as a civil engineer. She knew that continuing down this career path would lead to long days, even longer nights, and time away from her children. After a quick Google search on “how to get rich,” she stumbled upon real estate investing. After her first successful home flip and her first rental property purchase, she gave her resignation, and the rest is history.

Now, she’s got a portfolio capable of providing her a financially free lifestyle, with ten units acquired in just three years. Mind you, this all happened during the events of 2020, meaning Zasha deserves even more credit! She’s currently using her wealth to give back to the community, with plans to build affordable housing throughout her home state of Hawaii. Her “give back, get ahead” mentality is surely working, and it’s something all real estate investors should try.

In This Episode We Cover:

When to quit your W2 and pursue full-time real estate investing

Finding off-market deals and beating Brandon Turner in his own backyard

Affordable housing and how you, the landlord, can help those who have limited resources

Masterminds, real estate meetups, and other ways to quickly grow your investing network

Real estate partnerships and red flags that every investor must pay attention to

Giving back to the community and mentoring others who are just getting started

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

Find the Real Estate Professional You Need

Why I’m Investing in Affordable Housing for the Long Haul

10 Challenges to Seriously Consider BEFORE Quitting Your Day Job

Books Mentioned in the Show:

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

Rich Dad Poor Dad by Robert Kiyosaki

Connect with Zasha:

Zasha's BiggerPockets

Zasha's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-668

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

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667: How to Get Any Seller to Accept Your Offer in 24 Hours (or Less!) Sep 27, 2022

Investment properties are hard to find—unless you use the tips Jonathan Greene mentions in today’s episode. If you’re like most real estate investors, you know that in 2022, it can feel like you're constantly getting nickeled and dimed over every aspect of your offer. The seller wants more money, a quicker closing, refuses to give seller concessions, and acts like their often outdated, structurally unsound property is worth as much as their neighbors' new construction down the street.

How do you negotiate with these sellers to actually get the deal done at a price that won’t destroy your future profits? Or, maybe a better question to ask is, how do you find deals already on the market, with desperate sellers waiting to accept any offer that comes their way? What if you’re a brand new real estate investor, still looking for your first rental property? How do you get on the same wavelength as a tough seller?

Jonathan Greene is known around the BiggerPockets forums as a millionaire mentor. He left his career as a criminal prosecutor to start profiting from investment properties. Now, he runs an agent team that has built seriously strong negotiation tactics, and Jonathan still invests heavily on the side. He’s walked away from more deals than he can count. But, he’s also won deals that other investors would have no chance at acquiring. Want to repeat how Jonathan did it? You’ll hear it all in this episode!

In This Episode We Cover:

Why “hard” negotiations don’t work in real estate and the fastest way to ruin a potential deal

Defining your “buy box” and looking for much more than just cash flow

The foolproof way to guarantee you'll make money on your investment property purchases

Why rookies get stuck in analysis paralysis and how simply “seeing” a house will snap you out of it

Becoming a great real estate negotiator and giving sellers offers that they can’t refuse

The almost too easy way to find under-the-radar real estate deals on the MLS

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 Real Estate Podcast 584

7 Top Real Estate Negotiation Tips

Listen to “Zen and the Art of Real Estate Investing"

Connect with Jonathan:

Jonathan's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-667

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

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666: Seeing Greene: The 10-Second Formula to Solve the "Sell vs. Rent" Situation Sep 25, 2022

Unless you’re trying to invest in real estate using all cash, you’ll need to know which investment loans work best for you. But what if you’re a contractor, a business owner, or self-employed? What if you’ve already used up all your financeability and your DTI (debt-to-income ratio) is too high for lenders to take you seriously? What’s your next step? Fortunately, even if you’re feeling the crunch of difficult financing, you still have numerous ways to buy rental properties. You just need to know where to look!

We’re back! Or more like David is back on another episode of Seeing Greene where he takes the most-pressing questions from our audience and answers them live for all investors to benefit. In this episode, we’ll be talking about mid-term rentals and the threat they pose to “regular” rental property investing, why it’s so challenging to find investor-friendly agents, how wholesaling real estate could get you into trouble, and house hacking in an expensive market (even with VERY little down).

In This Episode We Cover:

Why mid-term rentals may be the perfect sweet spot between effort and cash flow

How to grow an investor-friendly team of agents when most agents simply won’t cut it

Scaling your rental property portfolio using DSCR loans and other investment property products

The 10-second calculation that’ll help you decide whether to sell or rent out your house

House hacking in an expensive market and whether the “5% down” method is just a myth

Why agents could find themselves in serious trouble when trying to wholesale real estate

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

Partnerships—What to Do Before You Jump in With Another Investor

3 Reasons I Think Medium-Term Rentals Beat Short-Term

Get Closing Costs Covered with Kyle Renke

Housing Market “Soft Spots” with Kyle Renke

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-666

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

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665: Building a 150-Unit “Lease Arbitrage” Empire and the STR Furnishing Playbook Sep 22, 2022

Short-term rental arbitrage seems like an elusive concept. As a real estate investor, it can be a little hard to wrap your head around it. You lease a property, rent it out, and then…profit? That’s right! Without buying a rental property, dealing with maintenance or large-scale repairs, you too can make just as much money (if not more) than the landlord down the street without ever owning the property in the first place. It sounds like a dream, but in reality, you’ll need an airtight system and team to make it work.

Thankfully, Jeff Iloulian has all that and more. Before 2014, Jeff was living as a lucrative lawyer, billing high by-the-minute rates and making money every second he worked. This was during the “wild west” of short-term rental investing, where mom-and-pop owned vacation rentals were starting to become a serious way to make passive income. Jeff initiated his portfolio with just one “lease arbitrage” unit and eventually ballooned his empire up to 150 rentals!

Now, Jeff does more than just run his short-term rental portfolio. He runs the buying group HostGPO, helping link up short-term rental operators with vendors who can provide better, time-tested, industry-specific products. Not only that, Jeff manages numerous other vacation rentals, so he knows everything from furnishing to cleaning, check-out procedures, and more. He gives a furniture and furnishing masterclass in the second half of this interview where many of his tips could save you thousands over the lifetime of just one rental unit.

In This Episode We Cover:

Rental arbitrage and how any investor (no matter their budget) can use it to make passive income

Breaking out of the “not enough time” matrix to start investing on a busy schedule

Furnishing your short-term rental and why IKEA may not be the best bet for bed sheets

Building your short-term rental dream team and how to manage a large-scale portfolio

The mega-niche investing opportunity of renting soon-to-be destroyed homes

Leaving a lucrative career to invest in real estate and why it’s almost always worth it

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

Airbnb Rental Arbitrage—The Ultimate Guide

The Ultimate Guide to Short-Term Rental Properties

Creative Ways to Furnish Your Short-Term Rentals on a Budget

How to Build Your Dream Short-Term Rental Team

Get Exclusive Short-Term Rental Investor Discounts with HostGPO

Books Mentioned in the Show:

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

Short-Term Rental, Long-Term Wealth by Avery Carl

Connect with Jeff:

Jeff's Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-665

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

664: Why Your “Pitch Deck” Won’t Work (and What to Do Instead) (Part 2) Sep 20, 2022

The way you pitch anything is how you pitch everything. So how are you showing your professionalism in meetings, negotiations, or presentations? Are you rolling in nervously with a pitch deck that looks like it was made by two middle-schoolers, sporting an unfitting suit and some cheap-looking picture of Hawaii as your background? Is that what multimillionaires want to see on a deal presentation? Will investors even take you seriously?

There are a few keys to a perfect pitch, regardless of what you’re even pitching. Oren Klaff, author of Pitch Anything, has become a master at deal negotiations and capital raising. He’s seen what makes a prospective investor walk out of the room or end a video call early, and he’s here to make sure you’re not the person on the other end of that presentation. So what do you need to do to successfully sell or pitch anything?

In part two of this second episode with Oren, we walk through the different types of brain stages a presentation attendee is in, how to bypass the brain, and the wrong way to design a pitch. Oren has seen it enough to know that the how you’re presenting information probably isn’t the right way. He gives some rapid-fire tips on immediately boosting your credibility, upping the stakes, and how to get investors, attendees, or anyone else on your side from the first sentence.

In This Episode We Cover:

Pitching to “dead air” and how to successfully sell anyone on a deal in the video conference-first world

Bypassing the brain so investors and attendees hear what you have to say

The wrong way to structure a pitch and why most people fail at building rapport

Ending the pitch, escalating the tension, and raising the stakes for your attendees

The million-dollar move that helped Rob raise seven figures in only a few days

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

Check Out Part One with Oren

How to Take Control of Everyday Negotiations With One Simple Technique

How to Pitch to Investors So They Bite

The 4-Second Pitch to Unlock Unlimited Funds

Book Mentioned in the Show:

Pitch Anything by Oren Klaff

Connect with Oren:

Oren's website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-664

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

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663: How to “Raise the Stakes” So Anyone Accepts Your Deal (Part 1) Sep 18, 2022

Oren Klaff is best known for his groundbreaking book, Pitch Anything. In it, he gives a systematized way to take control of every meeting, negotiation, and deal on your terms without taking a submissive position. Oren has the expertise to back up his claims. As a world-renowned leader in sales, capital raising, and negotiation, he’s been in the meetings, flipped the script, and gotten deals done that most couldn’t even dream of. Now, he’s sharing his wisdom with you.

Much of what Oren describes gets a bad rap in today’s world. The terms “alpha” or “in control” are subliminally thought of as violent or harsh, but in Oren’s context, they are completely accurate. In part one of this two-part episode, Oren gives you everything you need to take control of your deal, get negotiations done on the terms you want, and put opponents in the position for you both to succeed, instead of merely butting heads.

But this advice isn’t just for the board room. These key principles work in every conversation you’ll ever have, whether you're raising millions to close on an apartment complex investment or merely trying to get your kid to eat their vegetables. The way you pitch, frame, and control a conversation directly correlates to its outcome. And in real estate investing, this isn’t a skill you’ll want to be without.

In This Episode We Cover:

The alpha and beta dynamic and putting yourself in the alpha position in every negotiation

The risk of not taking control and how giving someone else the lead could ruin your deal

Shifting perspective and the “frame control” exercise that’ll bring anyone down (or up) to your level

Putting your opponent or partner in an “emotional state” so they can see your point of view

Raising the stakes and how doing so will solidify any deal that needs to get 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

How to Take Control of Everyday Negotiations With One Simple Technique

7 Real Estate Negotiation Tips

4 Reasons Negotiating Regularly Will Make You Richer, Wiser, & More Confident

Book Mentioned in the Show:

Pitch Anything by Oren Klaff

Connect with Oren:

Oren's website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-663

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

662: ROE > ROI and Why Your “Cash Flow” Number is Deceiving Sep 15, 2022

Cash flow—the two words every rookie real estate investor loves to hear. It’s always about cash flow. “If the property doesn’t bring in a healthy amount of pure profit every month, there’s no point in buying it!” This sentiment could cost you hundreds of thousands, if not millions over the lifetime of your real estate investing career. Don’t get us wrong, cash flow is important, but focusing on this metric alone may lead to your downfall.

Chris Lopez hopped off the “buy only for cash flow” bandwagon long ago, and he’s much richer for doing so. Chris has become successful quickly in the real estate game, which is doubly impressive if you look at his past business history. He didn’t start in real estate sales, investing, or anything of that nature—he was more interested in building content for other businesses he was pursuing. After realizing that rental property investing was the way to go, Chris took a hard pivot, repurposing the same skills he used in his businesses to work in real estate.

Now, he’s got eight units of his own, passive investments he doesn't need to worry about, and a successful real estate brokerage situated in the real estate mecca of Denver, Colorado. He’s become the foremost expert on Denver real estate not because he’s done thousands of deals, but because he knows the area well enough to teach those who don’t. Chris talks about business building, mentorship, and a much better calculation than cash flow in this episode.

In This Episode We Cover:

Building a real estate business that not only makes you active but passive income

SEO, content marketing, and using “lead magnets” to drastically increase your deal flow

The wrong way to find a mentor and four simple steps to take to get the attention of top investors

The world’s best business card and how it turns you from a novice into an expert

How to reevaluate your real estate portfolio to ensure it’s making the most money possible

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 278

BiggerPockets Podcast 558

Watch Chris’ “House Hackerz” Series on YouTube

9 Simple Steps to Finding the Best Real Estate Mentor

Books Mentioned in the Show:

Rich Dad Poor Dad by Robert Kiyosaki

BRRRR by David Greene

How to Sell Your House for Top Dollar, Faster by Faby Gonzalez

Good to Great by Jim Collins

Who Not How by Dan Sullivan

Connect with Chris:

Chris' website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-662

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

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661: How to “Start from Zero” in Today’s Multifamily Market w/Andrew Cushman and Matt Faircloth Sep 13, 2022

The multifamily real estate market seemed almost impenetrable over the past two years. Unless you had millions in dry powder, ready to overpay for a huge apartment complex, there was a low chance you’d be making any money in the multifamily industry. This gave the big buyers an unfair advantage, while smaller investors struggled to put almost anything under contract. The tables have started to turn as interest rates rise, repricing becomes the norm, and multifamily buyers start fleeing the closing table.

It’s now your time to shine, small-scale investors. As large buyers begin to fear a housing market crash, you can swoop up the spoils that could benefit you for years to come. But, before you do so, you’ll need to understand how exactly multifamily investing works. Back again on the show are Andrew Cushman and Matt Faircloth, two multifamily masters in their own rights.

They’ve become real estate veterans after over a decade worth of investing experience. Now, they’re here to share some beginner steps and tips on how you can get into the world of multifamily real estate, regardless of your experience, knowledge, or bank account size. These steps are simplistic at a high level, but doing them correctly could help you beat out the competition for years to come. The only question is, are you ready to start?

In This Episode We Cover:

Why today’s “fearful” multifamily market is a great opportunity for new investors

Evaluating your goals, skillset, and advantages before you step into the multifamily market

The biggest mistakes new investors make when choosing a real estate market

How to get deals sent directly to you and build up a network of top-tier brokers

Building your real estate dream team that’ll allow you to scale with far less headache

Raising private capital and using other people’s money to grow your real estate empire

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 571

BiggerPockets Podcast 586

BiggerPockets Podcast 634

BiggerPockets Podcast 279

Harvard Joint Center for Housing Studies

Crexi

Loopnet

Berkadia

Cushman and Wakefield

CBRE

Marcus and Milichap

Colliers

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Raising Private Capital by Matt Faircloth

Connect with Matt & Andrew:

Andrew's BiggerPockets Profile

Matt's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-661

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

660: Deal Deep Dive: How Robuilt Doubled His Property Portfolio Overnight Sep 11, 2022

Hotel investments, big BRRRRs, and some mind-boggling cash flow are coming up on this Deal Deep Dive with our very own Rob Abasolo. For almost the entirety of Rob’s short-term rental investing career, he’s preached the good gospel about how small, mom-and-pop-owned vacation rentals are the way of the future. The secluded single-family rental, log cabin, or treehouse were some of Rob’s most impressive and profitable investments. But now, he’s taken a step in a whole different direction.

Rob doubled his rental property portfolio almost overnight, going from fifteen units to thirty-five by purchasing a twenty-unit hotel/motel mix in beautiful Upstate New York. Without much experience running anything on that scale, Rob and his partners went to work trying to figure out how to turn this mess of a motel into a profitable, high-value vacation destination. He faced some serious hurdles, from canceling on guests to fixing a literal hole in the middle of the property, but found a way to make it work.

Once the renovations are complete, Rob will walk away with an almost unbelievable amount of yearly cash flow, a seven-figure increase in equity, and a scalable system that will let him do these types of deals more often than he thought. Want to hear the nitty gritty so you can tackle something as lucrative as this? Sit back, relax, press play, and prepare for your next big property purchase!

In This Episode We Cover:

Transitioning from single-family rentals to multifamily vacation rental investments

Hotel hurdles and what you should know before investing in a multi-unit short-term rental

Big BRRRRs and how to revive a rental property that has serious deferred maintenance

How to find contractors when you’re in a low-population investing area

The right way to transfer ownership after you’ve bought a not-so-straightforward property

Seller financing and getting deals with lower interest rates and far more flexible lending

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

Our Interview with Heather Blankenship on RV Park Investing

Are There Opportunities in Hotel Investing in 2022?

Struggling to Find a Stellar Contractor? Try These 9 Pro Tips

The Definitive Guide to Using Seller Financing to Buy Real Estate

Watch Rob’s Video on This Property

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-660

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659: Beat the Grind: Make Millions in Real Estate by Gamifying Your Day-To-Day Sep 08, 2022

Nobody likes cold calling. Even just the thought of cold calling is enough to make seasoned real estate investors start to sweat. The waiting, debating, and constant rejection can get to anyone. So why not take the stress out of a tense situation? Why not make cold calling a game? Luke Rotvold decided to do just this. As a new wholesaler, he was used to spending hours on the phone every day. He got so bored that he started playing video games while negotiating with sellers. Surprisingly, it didn’t distract him—it made finding deals far easier.

Luke severely leveled up his cold calling skills during those eight-hour long Madden marathons, and eventually started making enough money to build his own team. But Luke didn’t want to start something that felt like a drag to the workers, employers, and everyone else in between. Instead, Luke built a lifestyle-first business, where everyone wins (and loses) together, and coming to work feels like an escape, not a prison sentence.

The results speak for themselves as Luke and his team have been able to crush massive wholesaling, flipping, and investing goals. Luke has made hundreds of thousands on flips, tens of thousands cold calling, and now watches as his cascading cash flow rolls in from his buy and hold investments. He breaks down his four tips to gamify your real estate business so you, and your team, can build wealth together.

In This Episode We Cover:

Why cold calling is such a difficult skill to master and how making it fun will get your more deals

Creating a company culture that outside employees will be envious of

The four ways to gamify your real estate investing so you can enjoy getting more done

Sharing the wins, and losses, with a team so everyone rises together

Incentivizing not only your employees but yourself by building powerful goals

Partnering with those you work with so you can collectively build bigger portfolios

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

5 Cold Calling Techniques That Really Work

No. 1 Most Effective Way to Master the Art of Cold Calling

Which Company Culture Cultivates Competency?

Books Mentioned in the Show:

Top Five Regrets of the Dying by Bronnie Ware

The Monk Who Sold His Ferrari by Robin Sharma

Connect with Luke:

Luke's Instagram

Luke's YouTube

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-659

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658: BiggerNews September: Mortgage Rate Predictions from the Nation’s #1 Lender Sep 06, 2022

Mortgage rates went from being a nap-inducing topic to becoming one of the most talked about, researched, and debated subjects of 2022. After two years of rock-bottom interest rates, homebuyers and investors are getting a rude awakening with some of the biggest mortgage rate hikes in decades, used simply to slow down the economy’s rampant inflation. But where are we headed, and if interest rates go higher, is there a way that the everyday investor can still lock in a low payment?

There’s no better person to ask than US Wholesale Mortgage’s Mat Ishbia. Mat has been running the US’s largest wholesale mortgage company for decades, so he knows the ins and outs of the industry better than anyone else. His company provides some of the lowest payments and fastest closings for residential and investor borrowers around the country. With all this background knowledge, where does Mat think that mortgage rates are headed by the end of 2022?

Mat pulls out his wealth of knowledge to give investors just like you the best glimpse into the future on this month’s BiggerNews episode. Not only that, Mat walks through how every borrower can save a whopping $9,400 on their next mortgage by making one simple move, and why investors should work with a mortgage broker first, not a mortgage lender, when trying to find the best rates, service, and closing dates around.

In This Episode We Cover:

Why working with a mortgage broker gives borrowers better pricing and flexibility

Interest rate predictions as we enter into the second half of 2022

Where to find the cheapest mortgage (regardless of interest rates)

Housing market forecasts and whether or not the recession will hit homebuying

DSCR loans and other investor-only loans that won’t require a W2

How interest rates are calculated by mortgage lenders and what happens behind the scenes

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

Find a Lender in Your Area

What’s the Difference Between a Mortgage Banker and a Mortgage Broker?

Ask These 19 Questions to Find the Best Mortgage Lender

Hear About David’s Low Money Down BRRRR Deal

United Wholesale Mortgage

Book Mentioned in the Show:

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

Connect with Mat:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-658

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

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657: Seeing Greene: Can You Start Investing with Just $5,000? Sep 04, 2022

The best way to build wealth isn’t always the most obvious. More people will take the passive road to wealth building, which is usually far slower, and much less efficient than the active path to wealth. The active investor takes time making calculated decisions that would scare almost every average investor. Flipping a house, renovating a rental, or buying a thirteen-unit apartment building may be a little too much for most people, but probably not too much for you.

If you’re looking to fast-track your way to millionaire status, have the passive cash flow to float you in retirement, and live life on your schedule, then real estate investing is probably your chosen asset. The guests of today’s Seeing Greene episode prove this even with their quick questions. In this episode, David will answer questions on which investing strategy is best over the next ten years, whether to invest in stocks vs. real estate, how to start investing with as little as $5K and up to $100K, and how increasing your leverage can slingshot your net worth.

In This Episode We Cover:

The 1031 exchange explained and how to turn one property into many

Single-family vs. multifamily real estate and which will make more in the next decade

Real estate coaching and why it might not be as good of a career as most people think

Stocks vs. real estate and which is better for the investor trying to build wealth now

Paying off debt vs. investing in real estate and how to know which move is right for your specific circumstance

How to start investing with as little as five-thousand dollars (even with no experience!)

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 Real Estate Podcast 639 with Matt Argersinger from “The Motley Fool”

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-657

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

656: The “Deal Never Dies” & Picking Up Properties Other Investors Neglect Sep 01, 2022

A “dead” real estate deal happens more than you’d think. Somewhere along the line, a buyer, seller, agent, or investor gives up. Either there’s not enough money, time, or patience left in the deal to get the property bought or sold. When real estate transactions drag out, you could get caught with months of holding time or thousands in inspection costs, only to have the deal drop out from under your feet. So, how do you revive a dead deal when everyone else has given up? Just ask Tyler and Trevor Sarter.

Tyler and Trevor are based in Detroit, dealing with lots of international investors who want a piece of the cash-flowing pie. They work primarily as wholesalers, but also flip houses, and advise/consult their investors from abroad. They have a “do what you need to do to get the deal done” type mentality, which to no surprise has served them very well in their business. When other investors give up, Tyler and Trevor are waiting in the wings to get the property closed.

As two former basketball players, they understand what working as a team means and how everyone needs to play their part in order to become champions. They’re not as profit-oriented as they are solution-oriented, making sure everything gets done no matter what comes their way. Because of this, they’ve built a successful real estate business, better yet as two brothers.

In This Episode We Cover:

How to find buyers, sellers, and deals as a wholesaler, flipper, and investor

Keeping the deal “alive” and why over-communicating is necessary to start investing

Staying organized and building a fine-tuned machine that will run even when things go wrong

How to prepare yourself as a rookie real estate investor for your first deal

Using real estate to help friends and family deal with tough situations (while you also make a profit!)

Finding the “MVP” of your team and the support roles that will boost that player up

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

The Newbie’s Guide to Wholesaling in 7 Simple Steps

How to Build a Highly Effective Real Estate Team

REIPro

PropStream

Books Mentioned in the Show:

Rich Dad Poor Dadby Robert Kiyosaki

Millionaire Real Estate Investor by Gary Keller

The Millionaire Fastlane by MJ DeMarco

Masteryby Robert Greene

Connect with Tyler & Trevor:

Tyler's BiggerPockets Profile

Trevor's BiggerPockets Profile

Work with Promise Land Realty

Work with Promise Land Realty on Instagram

Work with Promise Land Realty on Twitter

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-656

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

655: Private Money Explained Part 4: Rates, Returns, and Protecting Investors Aug 30, 2022

Private money lending has become a hot topic over the past few years. With rising equity and asset prices, more lenders have come out of the woodwork, and an equal amount of investors have sprouted up to match the need. But taking on private money isn’t a light decision, although most investors think of it that way. Doing a deal the wrong way could put your reputation in jeopardy and rack up an expensive bill you’ll need to pay back.

Before you accept (or lend) private money, there are a few things you should know. But you don’t have to go through trial and error to figure them out! Back on part four of this private money series is Amy Mahjoory, investor and private money expert. Amy goes into the nitty-gritty of private money, from debating debt vs. equity to the risk of raising capital, protecting your investors, and the type of interest rates you can charge and returns you can expect.

If you haven’t raised or lent private money before, we recommend watching the entirety of this four-part series, as it answers crucial questions that rookies can often overlook. We also follow up with some Q&As from the comment section about how to pay a private money lender back, why coaching is seen as scammy, and the three documents you’ll need to do a private money deal.

In This Episode We Cover:

Raising debt vs. equity for your real estate deal and which one comes with more risk

Building rapport with lenders and never accepting “random” investments

The most common private money red flags for both lenders and investors

The three documents you’ll need to accept a private money loan

Finding “silent partners” who will fund your deal without overriding your decisions

The best investment opportunities of 2022 in multiple different niches

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

Amy’s Private Money Resources

BiggerPockets Podcast 636 with Amy Part 1

BiggerPockets Podcast 637 with Amy Part 2

BiggerPockets Podcast 654 with Amy Part 3

BiggerPockets Podcast 649 with Alex Hormozi

Raising Private Money Live Event

Coaching with Amy - PML Excel Course

Amy's E-book

Books Mentioned in the Show:

Lend to Live by Alexandria Breashears & Beth Johnson

Raising Private Capital by Matt Faircloth

Pitch Anything by Oren Klaff

Connect with Amy:

Amy's Instagram: @amymahjoory

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-655

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

654: Private Money Explained Part 3: The "Credibility Pieces" Lenders Love to See Aug 28, 2022

Finding a private money lender is far less complicated than people think. Striking up a ten-minute conversation could be enough to find your next round of private money. At least that’s how it worked out for Josiah. Josiah is a small business owner, running a pool cleaning business while building up a small portfolio of rental properties. He sees dozens of new faces every day, and those new faces directly translate into new opportunities.

After hearing our past episodes with Amy Mahjoory, Josiah took some of her tips and began pitching his deals to everyone he encountered. Now, he’s got some private money lenders lined up for his new multi-unit, four and a-half acre, short-term rental real estate deal. We told you—raising private money is a lot easier than most people think! But we’re not just talking to Josiah today. We also have Amy back on the show for part three of her private money masterclass.

This time, Amy talks about building the “credibility pieces” that give private money lenders confidence in you, your team, and your deal. These range from presentations to deal reviews, calculators, and more. These private money tools took decades to build and Amy still uses them today! Interested in testing out some of Amy's private money-raising tools? Check out the BiggerPockets Real Estate Podcast show page for links!

In This Episode We Cover:

Josiah’s "pool guy to private money" story and how anyone can find private money in their area

The FACT framework recap and using it to establish a system for finding private money

Building rapport and creating credibility by showcasing yourself, your deals, and your team

The sixteen “credibility pieces” Amy uses every day to engage more private money lenders

How to be prepared when private money lenders ask you specifics about a certain deal

A brief lesson in how to escape a bear “attack” from Rob Abasolo

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

Amy’s Private Money Resources

BiggerPockets Podcast 636 with Amy Part 1

BiggerPockets Podcast 637 with Amy Part 2

Coaching with Amy - PML Excel Course

Amy's E-book

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Lend to Live by Alexandria Breashears & Beth Johnson

Raising Private Capital by Matt Faircloth

Connect with Amy & Josiah:

Amy's Instagram: @amymahjoory

Josiah's Instagram: @josiahhein

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-654

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

653: Tarek El Moussa on Why Flopping While Flipping is The Way to Win Aug 25, 2022

You’ve probably seen Flip or Flop before. Even if you’re not a home flipper, it’s hard to not get sucked into the glitz and glamor of watching Tarek El Moussa and his team rip out old fixtures from the 1950s and replace them with brand new, beautifully designed upgrades. Tarek is one of the most recognized home flippers in the world and has inspired thousands of others to start building wealth through real estate. He’s an inspiration to all of us, but how did he get to such a peak point?

Tarek wasn’t a great flipper right out the gate. He electrocuted and burned himself on his first deal, but that wasn’t enough to deter him. Before the great recession, Tarek was living large, making forty-thousand dollars a month in his early twenties. But when the crash came, he had to sell everything and start from scratch. After attending a real estate seminar he caught the flipping bug and realized he needed to invest in real estate full-time.

After a successful first flip, he pitched the idea of Flip or Flop to different television networks, with HGTV finally giving him a chance. He describes the first season of Flip or Flop as working eighteen-hour days, constantly stressing, and forcing himself to build a business, not just a side-hustle. This allowed him to delegate by buying more flips and building wealth faster. Funnily enough, his main piece of advice for flippers isn’t to try and make more money—it’s to start losing it instead.

In This Episode We Cover:

Tarek’s five house flipping tips that anyone can use to successfully start flipping

The single biggest mistake that most flippers (and investors) make

Flipping while filming and how to pitch a TV show as a complete novice

Why finding real estate deals is the most important thing a house flipper can do

Knowing your market and the key metrics to look for when investigating an area

Designing a renovation that will beat out the comps in your neighborhood

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

Enroll In the BiggerPockets Bootcamps and Get 10% Off Using Code “BOOTCAMP10”

Do You Make These 7 Deadly House Flipping Mistakes?

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

The Book on Flipping Houses by J Scott

Connect with Tarek:

Invest with Tarek and His Team

Tarek's Instagram: @therealtarekelmoussa

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-653

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

652: Landlord Lowdown: 2022 Market Questions Answered from 4 Expert Perspectives Aug 23, 2022

You may already be a landlord, or you might still be searching for your first rental property. How should you go about finding a winner? What’s the best real estate market to invest in and how do you make the most money while having the least amount of stress? Only experienced landlords know how to answer these questions. They’ve bought dozens of houses, dealt with numerous tenants, and been through trial and error, so you don’t have to. And that’s exactly what this episode is all about.

Ashley Kehr, host of the Real Estate Rookie Podcast, and Craig Curelop, author of The House Hacking Strategy, are here to answer common landlording FAQs. Both Ashley and Craig have had so much interest in their individual endeavors that they’re now hosting the BiggerPockets Bootcamps! Ashley’s will teach you about buying (and managing) your first property the right way, while Craig’s house hacking bootcamp will give you everything you need to buy your first house hack property in just ten weeks!

Along with real estate regulars David Greene and Rob Abasolo, Ashley and Craig will be touching on some hot topics in today’s episodes. Topics like when to give rent credits to tenants, pros and cons of renting by the room, the first steps to take after getting a property under contract, how to show your rental units, and where to find the best real estate markets around.

In This Episode We Cover:

Tenant rent credits, when to apply them, and the dangers of using them improperly

Pros and cons of renting by the room and how house hacking can be seriously profitable

Mixed-use properties and the first steps you should take after getting one under-contract

In-person vs. virtual showings and which are better for leasing/selling a property

Becoming a “passive” landlord and setting your system up to take care of headaches for you

The telltale signs of a great rental property market and which states show the biggest signs of progress

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

Enroll In the BiggerPockets Bootcamps and Get 10% Off Using Code “BOOTCAMP10”

Listen to The “Real Estate Rookie” Podcast with Ashley Kehr

Avail’s Landlord-Tenant State Laws

Book Mentioned in the Show:

The House Hacking Strategyby Craig Curelop

Connect with Craig & Ashley:

Ashley's BiggerPockets Profile

Craig's BiggerPockets Profile

Ashley Instagram: @wealthfromrentals

Craig's Instagram: @thefiguy

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-652

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

651: Seeing Greene: Recession Risks, Renting to Family, & Scaling Your Portfolio Aug 21, 2022

How does a recession affect real estate investors? With layoffs, high inflation, and affordability problems, can the average American even afford to rent? What about vacation rentals—will short-term rental hosts see occupancy drop as families run out of disposable income? These types of questions can strike fear into rookie real estate investors, but we’ve brought along some veterans to clear up the facts from fiction.

Welcome to another episode of Seeing Greene where David is joined by numerous expert investors to help him answer real estate-related questions. Ashley Kehr, Avery Carl, Craig Curelop, and Matt Faircloth are all on today’s episode to answer questions ranging from recession risk to house hacking income, scaling from small to large multifamily, and more. If you want to dive deeper into any of these niches, be sure to sign up for the BiggerPockets Bootcamps, featuring strategy-specific live lessons for house hackers, short-term rental hosts, multifamily investors, and more.

In This Episode We Cover:

Finding a mentor and how to choose a real estate market as a beginner

Where the short-term rental market is trending and whether or not recession puts it at risk

Renting to family and friends, whether to discount rent, and how to treat them as a tenant

Debt-to-income ratios and how house hacking rent could affect yours

Scaling from small multifamily to large multifamily properties and the differences between the two

Investing in real estate vs. stocks and the risks of selling a rental property

HELOCs vs. cash-out refinances and which is best when buying more real estate

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

Enroll In the BiggerPockets Bootcamps and Get 10% Off Using Code “BOOTCAMP10”

No, Life Isn’t Fair—But Here’s How You Can Turn Things Around

Books Mentioned in the Show:

The House Hacking Strategy by Craig Curelop

The Multifamily Millionaire Part 1 by Brandon Turner & Brian Murray

The Multifamily Millionaire Part 2 by Brandon Turner & Brian Murray

Raising Private Capital by Matt Faircloth

Short-Term Rental Long-Term Wealth by Avery Carl

Connect with Ashley, Avery, Craig & Matt:

Ashley's BiggerPockets Profile

Avery's BiggerPockets Profile

Craig's BiggerPockets Profile

Matt's BiggerPockets Profile

Ashley's Instagram: @wealthfromrentals

Avery's Instagram: @theshorttermshop

Craig's Instagram: @thefiguy

Matt's Instagram: @themattfaircloth

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-651

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Bonus: 2 Legit or Quit? (Signs You Should Quit Your Job ASAP) Aug 20, 2022

Should you quit your job? If you’re a new investor, this question can be extremely daunting. W-2s provide security, insurance, and consistent income so you can get approved for loans and lending. But at some point, especially as things take off, holding onto a job could be holding you back. But how do you know whether or not it’s time to quit? Take advice from some veteran quitters, Pat Hiban and Tim Rhode.

You may have heard Pat and Tim on episode 648 of the BiggerPockets Real Estate Podcast, where they lay out their quitter’s journey on how leaving their lines of work made them more money with far less stress. Now, they’re taking live scenarios from BiggerPockets listeners and playing “2 Legit or Quit,” to give their expert insight on whether or not the job is worth the wage.

Pick up Pat and Tim’s newest book, The Quitter’s Manifesto: Quit a Job You Hate for the Work You Love, today!

Link Mentioned in this Episode:

Grab Your Copy of “The Quitter’s Manifesto”

Hear Pat and Tim’s Past Episode

10 Challenges to Seriously Consider BEFORE Quitting Your Day Job

Check the full episode: Why Winners Quit: The 5 Factors to Leaving a Soul-Sucking Job

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

650: Glamping, Campsites, and The Insane RV Park Revenue No One is Talking About Aug 18, 2022

RV park investments are probably not the first thing you think of when somebody says “real estate investing.” You’re probably used to single-family homes, duplexes, apartments, or something that has to do with long-term, residential real estate. What if we told you there was a hidden niche in the real estate investing arena, one with less competition, sky-high revenues, and almost unlimited ways to cash flow.

Heather Blankenship has been in the short-term rental investing niche for more than a decade. It was much different back when she got started. On a coast-to-coast road trip, Heather had the idea to buy an RV park. She had no experience, no money, and knew nothing about hospitality operations. She was, quite surprisingly, able to find and buy a $3.2M RV park, which she’s now upgraded into a $15M property.

Don’t get her story wrong, this is not a “fake it till you make it” type scenario. Heather put in years' worth of long days, longer nights, and enormous effort to make properties just like this one, finally profit. Now, with three kids and a portfolio worth over $30M, Heather has become one of the leading figures in creative short-term rental investing. If you’ve never thought about glamping, camping, or RV park investing, this episode will seriously pique your interest.

In This Episode We Cover

The massive cash flow you can earn from RV parks, campsites, and glamping

How the short-term rental space is softening and what hosts can do to stand out

Ditching the traditional travel sites and why building a direct booking site may be the best move for investors

The dozens of ways you can make money owning an RV park or campsite

Commercial financing, permitting, and everything else you must know before buying a large short-term rental property

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 Heather’s Interview on The “Real Estate Rookie” Podcast

Fanboy with Rob over Matthew McConaughey’s Interview

Campgrounds—The Investment You’ve (Probably) Never Thought About

Use the BiggerPockets Tools on Your Next Deal

Books Mentioned in the Show:

The Gap and the Gainby Dan Sullivan

The Ruthless Elimination of Hurryby John Mark Comer

Connect with Heather:

Heather's BiggerPockets Profile

Heather's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-650

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

649: Alex Hormozi on The “Weak Links” That Will Make Anyone a Millionaire Aug 16, 2022

Alex Hormozi is quite literally the one hundred-million-dollar man. If you haven’t heard of Alex before, prepare to have your mind blown wide open. He’s the poster child for entrepreneurialism on the internet, founding multiple eight and nine-figure businesses, including his current venture that does over $150M per year in revenue. He’s one of the wisest founders and CEOs out there, not because he does so much, but because he knows when to do less.

One of Alex’s first successes, Gym Launch, proved how repeatable building multi-million dollar businesses can be. He quickly ramped up revenue, grew a team, and began cash-flowing seven figures. But, this was just the beginning. Over the past decade, Alex has advised numerous start-ups and established businesses, blowing revenue and sales figures out of the water by introducing easily-repeatable systems into the mix

There aren’t many people who think like Alex is in his industry, or in any industry, to be fair. But, you don’t need to be just like Alex to use his teachings in real life. In this episode, Alex lays out the scaling system that will make you seven figures before you know it. He also talks about the one investment every entrepreneur should make—one that almost guarantees success, regardless of the field you're in.

Want to learn how to ditch the burnout, make moves that count, and start bringing in millions? Hit play on this episode.

In This Episode We Cover:

Alex Hormozi’s journey from complete rookie to $150M in cash flow

How to scale your business from low revenue to seven-figures and beyond

The “weak link” every entrepreneur should focus on strengthening immediately

Hiring the “stallions” that can run your business better than you’ve ever dreamt

The “prescriptions of activation” that lead to massive success, with far less confusion

Why just being “good enough” can lead to more success than people 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

The Simplest Way to Successfully Scale Your Business

The Millionaire Formula—10 Steps to Hit 7-Figure Net Worth

How to Succeed at Doing Anything w/David Greene

Books Mentioned in the Show:

$100M Offersby Alex Hormozi

Crushing It in Apartments and Commercial Real Estateby Brian Murray

Connect with Alex:

Work with Alex and Scale Your Business at Acquisition.com

Alex's YouTube

Alex's Instagram

Alex's Twitter

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-649

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

648: Why Winners Quit: The 5 Factors to Leaving a Soul-Sucking Job Aug 14, 2022

Quitting your job is a big decision and it doesn’t always lead to the perfect outcome—at least not immediately. Most people think that you have to be miserable or make very little money to want to quit a job, but even high earners still find themselves struggling to attend their nine-to-fives. Pat Hiban is the perfect example. He quit during his prime even as he was making a high income and after owning his own company. Regardless of all the respect, responsibility, and ability to make phenomenal income, it just wasn't enough for Pat.

You may be feeling the same. Maybe you’re daydreaming about multifamily investing as you sit at work, or picturing the perfect vacation rental property on your commute. Whatever your reason, quitting might be the best move for you to make, but only if it’s the right time. Don’t worry if you’re struggling with decision fatigue, Pat and fellow quitter Tim Rhode just came out with their newest book, The Quitter’s Manifesto: Quit a Job You Hate for the Work You Love.

In it, Pat and Tim give stories and tools that will help you on your path to building wealth while leaving a job that you hate. The resources you’ll find in this book are exactly what our very own David Greene used when deciding to quit his highly lucrative, but mentally draining job as a police officer. If you’ve been sitting on the fence, not knowing the next step to take in your career, this book may be exactly what you need.

In This Episode We Cover:

How to quit your job and start investing in real estate full-time

The five factors of a soul-sucking job and how to evaluate whether or not it’s time to jump ship

Finding the "quitter’s trapeze” that can help you transition from W-2 to self-employed worker

Building your team of quitters who will hold you accountable and take you to the next level of your career

What it looks like when you’re ready to quit and how to emotionally prepare for the impact

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 190 with Pat

BiggerPockets Podcast 353 with Tim

Hear David’s Real Estate Origin Story on The “BiggerPockets Money Podcast”

10 Challenges to Seriously Consider BEFORE Quitting Your Day Job

Books Mentioned in the Show:

6 Steps to 7 Figures by Pat Hiban

The Quitter’s Manifesto by Tim Rhode and Pat Hiban

Connect with Pat & Tim:

Pat's LinkedIn

Pat's BiggerPockets Profile

Tim's Website

Tim's LinkedIn

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-648

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

647: Got a Need for Leads? Use This Opener to Earn Trust in 5 Seconds (or Less!) Aug 11, 2022

Everyone wants more real estate leads. It doesn’t matter if you’re an agent, investor, flipper, or mortgage broker. The more prospective buyers and sellers, the better. But what happens when you finally get those leads? Maybe you’re cold calling, meeting for coffee, or linking up at the property. What do you say to let leads know that you’re the best agent or investor around and that they can trust you to get the deal done? Juliet Lalouel has a simple, fool-proof answer for you.

Juliet operates out of Hawaii, one of the nation's hottest real estate markets. She’s done everything from working in restaurants to running a bike business in her garage, to even becoming the go-to matchmaker for musicians that want to invest in real estate. She’s worn a lot of hats and even decided to leave one of the top teams in the state to go solo as an investor agent. When she realized all the leads were coming from her own personal network, she decided to make the jump on her own.

Now, she’s actively flipping, buying, and selling homes for not only herself but her investor clients throughout the islands. She’s been able to grow a respectable network, one which many investors dream of having, and she did all of this through tweaking her “tonality.” If you want to hear why this small change led to such big results, be sure to listen all the way to the end of this episode.

In This Episode We Cover:

How to get more real estate leads as an agent, investor, or broker

Why “tonality” is such an important part of your pitch when selling yourself to clients

Building your investor network and gaining the trust of the biggest players in your area

Why every investor or agent should reassess their emotional intelligence (and how to improve it)

The five-second pitch to earn a lead’s trust as soon as they pick up the phone

Why no type of experience is unimportant when it comes to building real estate skills

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

Amy Mahjoory’s 4-Second Power Pitch

Books Mentioned in the Show:

SOLD by David Greene

SKILL by David Greene

Pitch Anything by Oren Klaff

Thinking, Fast, and Slow by Daniel Kahneman

Never Spilt the Difference by Chris Voss

48 Laws of Power by Robert Greene

Connect with Juliet:

Juliet's Website

Juliet's Instagram

HeavyRealty's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-647

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

646: Building Wealth Like Warren Buffett & Lessons Learned from Billionaires Aug 09, 2022

Every investor has wondered how to invest like Warren Buffett. He’s arguably the best stock trader of all time—preaching the fundamentals of investing in equities, something that most modern-day investors seem to forget. We’re seeing the same thing in the real estate industry. With a runup of home prices and stock prices over the past two years, almost every investing strategy has worked. But, as prices begin to plummet, overconfident investors are starting to see the errors of their ways and that making money isn’t always easy. So in today’s risky environment, we have to ask: what would Warren (Buffett) do?

Someone who’s been asking that question for years is Trey Lockerbie. He’s co-host of We Study Billionaires, where he interviews some of the best and brightest investors on planet earth. Trey has lived an interesting life. He was a musician, went on the road for years, started a kombucha brand, and now reads everything he can on how to build billion-dollar businesses and billion-dollar wealth. With the aura of fear many of us are feeling in the investing space, Trey brings in some much-needed clarity on what investors should and shouldn’t be doing right now. And he got some of this advice directly from top stock investor himself, Warren Buffett.

While we do go deep into the coming opportunities for real estate investors, we also hear about how stock investing isn’t so different, and why the massive drop in cryptocurrency prices could be an opportunity for investors who are on the fence about blockchain. Regardless of what you invest in, how much you invest, or whether or not you’ve started investing, Trey can enlighten you on how to maximize the decision you’re about to make.

In This Episode We Cover:

Secret investing lessons learned at a dinner with Warren Buffett

Understanding the “human” element behind why markets rise and fall

Fear vs. greed and whether or not to buy in an overly pessimistic investing environment

Why Bitcoin is becoming more attractive to real estate investors even as its price drops

Inflation, money printing, and how the world’s debt works

How high will interest rates go and what investors should prepare for

Starting a business that can sell for millions (or billions) and how to get there

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

Listen to Our Past Episode with “We Study Billionaires” Host Stig Brodersen

Check Out Our Episode with Ed Mylett on Investing Opportunities in 2022

How I Hired Warren Buffett as My Real Estate Mentor

“We Study Billionaires” Podcast

Connect with Trey:

Trey on Twitter

Drink Some of Trey’s Superb Kombucha

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-646

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

645: Seeing Greene: Will Borrowing Money from Family Ruin Your Real Estate Deal? Aug 07, 2022

Should you borrow money from your family? It could hurt your relationship if the deal goes wrong, but strengthen an existing partnership if everything goes right. Maybe a better question—how should you start raising private capital for your real estate deals? When it comes to the debt vs. equity debate, which makes more sense in your situation? Don’t worry, we’re bringing answers to all these questions and more!

Welcome back to another episode of Seeing Greene, where your host David Greene answers questions from both aspiring and established real estate investors. We’re also joined by Alex Breshears and Beth Johnson, two expert private money lenders and authors of the newest BiggerPockets book, Lend to Live. They help tag-team some private money-specific questions as well as give context on who you should and shouldn’t accept funding from.

In This Episode We Cover:

How to use real estate depreciation to offset income from a W2

Sell, refi, rent, or hold—which is the best move as the market gets shaky?

Whether building a purely passive real estate portfolio is possible or improbable

How to pay back private money and whether taking debt vs. equity partners is the best move

Borrowing money from family and how it could hurt your real estate deals and relationships

Why understanding a lender’s pain points is mandatory before accepting money from 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

BiggerPockets Podcast 636 with Amy Mahjoory (Part 1)

BiggerPockets Podcast 637 with Amy Mahjoory (Part 2)

Scott Trench’s 10-Step Checklist to Buy Your First Rental Property

Books Mentioned in the Show

Lend to Live by Beth Johnson and Alex Breshears

The Win-Win Wealth Strategy by Tom Wheelwright

Set for Life by Scott Trench

Connect with Beth & Alex:

Alex and Beth Email on Lend2Live

Beth's Email on Flynn Family Lending

Alex' BiggerPockets Profile

Beth's BiggerPockets Profile

Lend2Live

Flynn Family Lending

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-645

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

644: 50 Properties in 6 Months Using the Supercharged BRRRR Strategy Aug 04, 2022

The BRRRR method (buy, rehab, rent, refinance, repeat) is commonly known among real estate investors as one of the fastest ways to build a portfolio of rental properties. The beauty of the BRRRR strategy is that it takes less time and money to get properties to cash flow with baked-in appreciation. But what if you were to ramp up the BRRRR method, so instead of doing a BRRRR every year, you did it 125 times a year. Sounds a little insane, right?

Meet the man behind the madness, Chad Beeman, who has (and this is not an exaggeration) bought and BRRRRed fifty rental properties in the past six months. This is a staggering amount of properties to buy in such a short amount of time. The craziest part? Chad is planning on purchasing another seventy properties over the next six months! So how is he able to buy so many properties, scale so quickly, and do so without losing his balance?

Chad walks through his small team, system, and thought process that helps him stay so successful. He’s had some blunders in the past (like spending $30K rehabbing the wrong house) but has thought of them as “tuition” when investing in real estate. Thanks to these mistakes, he’s been able to grow faster, build more than a million dollars worth of appreciation, and shoot well past financial freedom in his real estate investing journey.

In This Episode We Cover:

Why the BRRRR method is perfect for those who are strapped for cash but want to build wealth

How the current housing market is affecting BRRRR deals and the art of making multiple offers

Becoming an “accidental millionaire” and how real estate wealth grows in the background

Building a small team, learning to outsource, and developing the “Who Not How” mentality

Real estate partnerships and how they can allow you to buy more properties using less money

Why you should always double-check you’re at the right house BEFORE doing a renovation

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

Listen to Our Interview with “Who Not How” Author Dan Sullivan

Use the BiggerPockets Calculators to Analyze Your Next Rental Property

Books Mentioned in the Show

BRRRR by David Greene

Who Not How by Dan Sullivan

Connect with Chad:

Chad's Instagram

Chad's LinkedIn

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-644

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

643: BiggerNews August: Will 3D Printed Homes Slash Housing Costs? Aug 02, 2022

A 3D printed house isn’t all that different from a traditional home—except they are stronger, faster to build, easier to maintain, and cost much less than your average “stick-built” home. These 3D printed homes can be printed in as little as two days, with a crew of only two workers, using much cheaper material than traditional builders use. Does this mean that a wave of ultra-affordable homes is about to hit the market, or is this still just a futuristic theory that may never come to fruition?

We’re back with this month’s BiggerNews, as we dive into the world of 3D printed houses, the future of building costs, and how the housing crisis could be quickly solved with printable and profitable homes. Zachary Mannheimer, CEO of Alquist 3D, is here to share his knowledge on how the construction industry is about to be severely disrupted. To Zachary, 3D printed homes could help millions of Americans who struggle to find housing, as well as make housing affordable for everyday workers.

Zachary’s team designs and builds 3D printed homes, and while it may seem a bit far off to most investors, Zachary thinks we’re only a few short years away from a takeover in how housing is built. With massive cost savings for developers, immediately accessible parts for maintenance, and some of the strongest materials used in construction, 3D printed houses aren’t just a replacement for traditional homes, they’re a complete upgrade.

In This Episode We Cover:

How does 3D printing work and the new way to build residential homes

The housing inventory shortage and how 3D printed houses could be the solution

Huge cost savings and how developers could build homes for far cheaper

Comparing 3D printed houses to traditional homes and which will win in the long-run

Whether cheaper homes could help or hurt landlords and real estate investors

Creating jobs, trade schools, and technical programs around 3D printing

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 More About 3D Printed Homes on This Week’s “On The Market” Episode

U.S. Housing Starts Fell Again In June—What It Means For Investors

Get Behind The Shine—A Weekly Textletter from David Greene

Connect with Zachary:

Zachary’s Team at Alquist

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-643

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

642: Private Money: What the Experts Warn Against Before You Lend (Or Borrow!) Jul 31, 2022

Is private money lending the next best way to invest? To the everyday landlord, home flipper, or once-in-a-while investor, private lending seems completely foreign. Why would you lend money when you can put it into your deals? And even if you wanted to, wouldn’t it take millions, or at least a few hundred thousand dollars to get started? Surprisingly, private money lending is available to more people than you think, and it could be your next way to make truly passive income.

Alex Breshears and Beth Johnson were neither millionaires nor active investors when they started lending private money. Over time, they realized that they had grown relationships with active real estate investors, many of which always needed funding for the next deal. While swinging hammers and painting baseboards may sound fun to active BRRRRers or flippers, to Alex and Beth, the passive income that came in from private money lending was even better.

They’re now so ingrained in the world of private money lending that they’ve written the newest BiggerPockets book, Lend to Live, where they talk about how to build “hassle-free passive income” by lending private money. In this episode, they go over how a new investor can start lending, what to look out for in a lender when you need money for deals, and how even with a few thousand dollars, you too can start building truly passive income streams.

In This Episode We Cover:

How any investor can start lending money for a substantial profit

Why private lending has become more popular as investment funding becomes limited

Hard money vs. private money and why you should never confuse the two

What to look for in a private money lender and how to vet them before you invest

Protecting your money as a private lender and what you need to do to secure a return

Where private money lenders can find investors who are looking to invest

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

Why Private Money Lending is a Perfect Alternative to Active Investing

The Perks & Process of Becoming a Private Lender

Books Mentioned in the Show

Lend to Live by Beth Johnson and Alex Breshears

Extreme Ownership by Leif Babin

Cashflow Quadrantby Robert Kiyosaki

Psycho-Cybernetics by Maxwell Maltz, M.D

Connect with Beth & Alex:

Alex and Beth Email on Lend2Live

Beth's Email on Flynn Family Lending

Alex' BiggerPockets Profile

Beth's BiggerPockets Profile

Lend2Live

Flynn Family Lending

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-642

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

641: 15 Rentals in 1 Year (While Running 3 Businesses!) by Putting Time First Jul 28, 2022

Vacation rentals, real estate agent commissions, brokerage fees, insurance quotes, and everything in between just start to scratch the surface of who Christian Bachelder is. Some of you may have seen Christian before on our YouTube channel where he talks about interest rates, loan products, and other future financing projections. But today, Christian gets to talk about how he not only built a large rental portfolio but did so while running multiple businesses.

Even as full-time workers, many Americans feel like they don’t have enough time in the day to relax, let alone invest. So how does someone with a jam-packed schedule, a lot of pressure, and a mountain of responsibilities find time to not only buy one rental but fifteen rental properties in a year? To Christian, it took a bit of trial and error, but the answer is simply making your time as efficient as humanly possible.

He’s been able to heavily invest, start and run one of the top mortgage brokerages in the country, work as an agent, and provide insurance to clients as well. He drills down into what business owners and investors alike need to do to reclaim their time, and once it’s theirs, use it to the highest and best use. He also drops some financing pro tips that may help you lower the down payment you need or close with a better-than-average interest rate!

In This Episode We Cover:

Turning your referrals into full-blown businesses that can build your wealth

Why investors should always choose brokers, lenders, and agents who invest themselves

The velocity of time and why focusing on “return on time” beats ROI when investing

Creative financing and loan programs that can save you serious cash at closing

Partnering up to not only buy real estate but build businesses faster

How to get three times more work done in the same amount of time

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 Short-Term Rental Calculator

Work with The One Brokerage on Your Next Loan

Books Mentioned in the Show

SOLD by David Greene

SKILL by David Greene

BRRRR by David Greene

Long-Distance Real Estate Investing by David Greene

Never Split the Differenceby Chris Voss

Connect with Christian:

Christian's Email

Christian's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-641

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

640: How to Buy Your First 3 Rental Properties (Step-by-Step) This Year! Jul 26, 2022

Knowing how to buy your first rental property can be the difference between you building a life of financial freedom or merely treading water working for active income. The life of a real estate investor isn’t glamorous, but it leads to generational wealth, time freedom, and the ability to do what you want, when you want, with who you want. The first step to becoming a real estate investor is buying your first real estate deal. This first step is where ninety-nine percent of people stop, but it’s where you will start.

Dave Meyer, VP of Data and Analytics and host of On The Market, has built a financial freedom-permitting property portfolio over the last decade. He doesn’t have thousands of units, but even with his medium-sized portfolio, he’s been able to travel the world, live abroad, and continuously build wealth. He’s here to teach you exactly how to do the same by buying your first, second, or third real estate deal in the next 365 days!

If you’re able to do so, you will see your life start to change before your eyes. Money will be easier to find, deals will come your way, and passive income streams will be dug in your direction. If you’re able to buy your first (or next) deal like Dave describes, put systems in place for future purchases, and slowly build a team around you, your dream rental property portfolio won’t be too far away.

In This Episode We Cover:

The 3 “Ds” of real estate investing and how to get over their obstacles

Why every smart investor continues to buy even in murky housing markets like today

Building the “LAPS” funnel that will send real estate deals your way

How to analyze a rental property for free using the BiggerPockets rental property calculator

The different types of ways you can buy real estate with no money down

Why the first three real estate deals matter more than most people 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

Listen to Dave on The “On The Market” Podcast: Spotify, Apple Podcast, & BiggerPockets

BiggerPockets Agent Finder

BiggerPockets Deals for Sale

Already a Pro Member? Use Code “PRORENTAL” to Get All the Upgrades Mentioned in This Video

Books Mentioned in the Show

Real Estate By The Numbers by Dave Meyer

BRRRR by David Greene

Connect with Dave:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-640

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

639: Passive Income (Without the Properties!) by Investing in REITs Jul 24, 2022

REITs have long been a passive income generator for many who don’t want to deal with the trash, toilets, and tenants that come with rental property investing. No 2 AM phone calls, no listings, no showings, and no sales. With REITs (real estate investment trusts) you simply click a button, buy a share in the company, and wait for your passive income (dividends) to flow into your account. Seems pretty sweet right? Matt Argersinger from The Motley Fool agrees.

Matt isn’t your typical stock investor. He’s owned multiple rental properties and has even house hacked and put in some serious sweat equity. He knows that leverage and forced appreciation are huge wealth builders in the realm of real estate, but still chooses to invest in REITs instead of rentals. Why? Matt is focused more on creating passive income—as in TRULY passive income—no tenant surprises or maintenance calls to make. Matt wants to research, invest, and let his net worth grow, all while still receiving real estate-generated cash flow.

Maybe you’re skeptical. How can passive investing be so easy? If you’re brand new to REITs, Matt does a phenomenal job at explaining what they are, how they work, which types to buy, and what you can do to get started investing today. Regardless of your knowledge of the stock market, if you like income-producing real estate, this episode is for you.

In This Episode We Cover:

What are REITs (real estate investment trusts) and how they work

Why buy REITs instead of rentals, plus the benefits of both

Cheap REITs that are becoming undervalued as the stock market crashes

Mortgage vs. equity REITs and why higher cash flow could mean higher risk

The dangers of day trading and how long investors should hold onto REITs

The key metrics any investor needs to research before investing in a REIT

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

Hear David on “Motley Fool Money”

Join the Real Estate Winners and Grow Your REIT Portfolio

Invest in Real Estate Without Leaving Your Computer

Passive Real Estate Investments vs REITs

Data Center REITs Are On Fire—Should You Invest?

Connect with Matt:

Matt's Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-639

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

638: Making a Profitable Pivot Out of Regular Rentals and into Vacation Investing Jul 21, 2022

Rental property investing is a great way to make cash flow, or so it seemed in the pre-2022 world. Interest rates are rising, home prices have skyrocketed, and rent can’t keep pace with this market. Brian Davila saw this in his portfolio and knew he needed to do something about it. Buying “traditional” rental properties wasn’t going to cut it, especially when the monthly cash flow was a measly few hundred dollars. How many houses would it take to grant him a life of financial freedom?

To most people, Brian Davila looks spoiled for choice. He’s a young guy, doing forty or so flips per year, bringing in big active and passive income checks. If you think that Brian can’t relate to the average investor, you’re wrong. Brain immigrated to the United States at just six years old, dropped out of high school in the ninth grade, and had his first child at nineteen. He was working at Las Vegas day clubs making ten dollars an hour before he decided to become a real estate agent.

After cold calling hundreds of sellers a week, Brian was able to grow his clientele and eventually become a top agent. The only problem? He had no time for his family. He made the switch to start flipping and buying long-term rentals but had to pivot once again to a different strategy that would make him more cash flow even as home prices rise. Brian knows what it takes to become very successful in real estate in a short amount of time, and if Brian can do it, anyone can.

In This Episode We Cover:

How to become a successful agent and why most people shouldn’t get their license

Transitioning from trading your time for money to letting your money give you back time

Brian’s biggest mistake when growing a fast-paced real estate investing business

Flipping forty homes a year and how to get around permitting pain points

Short-term rentals vs. long-term rentals and which will survive in 2022

Lowering your tax bill as a real estate investor and avoiding capital 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

BiggerPockets Podcast 616

Real Estate Rookie 113

How to Calculate Numbers on a Rental Property

Rob’s Video on The New Airbnb Redesign

Books Mentioned in the Show

SKILLby David Greene

SOLDby David Greene

Flip Your Futureby Ryan Pineda

$100M Offersby Alex Hormozi

Connect with Brian:

Brian's BiggerPockets Profile

Brian's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-638

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

637: Private Money Explained: 5 Simple Ways to Find Private Money Today (Part 2) Jul 19, 2022

Most new investors don’t know how to find private money for real estate. They think private money is only reserved for those with a Rolodex full of rich or well-off business people, investors, or relatives. Using this line of thinking, most real estate investors will simply buy a deal, save up for years, and do it again. If you want to get on the fast track to a respectable real estate portfolio—private money is the way to go.

But you don’t have to take our word for it. Amy Mahjoory, private money expert, is back on part two of her financing and funding masterclass. Amy has grown her real estate portfolio quickly, thanks to private money. On just her second deal she was able to pay for a significant portion of the property using her private lender. Now, she urges investors, no matter their experience level, to do the same.

This time, Amy walks through five strategies that any investor can use to connect with private money lenders today. These strategies are simple—so simple that almost anyone can use them and find success quickly. They don’t require lots of money, time, or experience, but you need to be aware of them next time you’re in a perfect situation to make your pitch. Try these five strategies today, and you may see your inbox flooded with private money offers!

In This Episode We Cover

Why raising private money is easy when you’ve built the right systems and strategies

Referrals and why word-of-mouth is one of the most powerful marketing tactics

Connecting with non-real estate-related professionals to raise money

How one small “investment” in attending an event can open you up to dozens of lenders at once

Building an online presence so you’re known, liked, and trusted by a large community

Hosting and attending meetups, no matter the industry or your experience, to find private money

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

Listen to Amy’s Part 1 Episode

Brandon Turner’s 4-Step “Viral” Formula That’ll Bring You Deals TODAY

Book Mentioned in the Show:

Raising Private Capital by Matt Faircloth

Connect with Amy:

Amy's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-637

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

636: Private Capital Explained: The 4-Second Pitch to Unlock Unlimited Funds (Part 1) Jul 17, 2022

Raising capital for real estate is at some point what every investor must do. When you’re buying your first rental property, you can easily use your cash savings or a conventional loan to close on the property. But, on your second, third, fourth, or one-hundredth deal, finding the money (or financing) to get the deal done may start to get a little difficult. So how do you come up with the money to buy more rental properties, house flips, or commercial real estate, WITHOUT asking your parents, grandma, or friends for cash?

Amy Mahjoory has raised $20M from private money lenders, none of which are related to her (she makes sure of that). Think of Amy as a capital connector, getting to know as many existing, or potential, private money lenders as possible. We know what you’re thinking, “private money lending sounds complicated, don’t only big investors do that?” Think of a private money lender as anyone who has money, isn’t doing much with it, and wants to make more of it.

These lenders could be your taxi driver, your dentist, or maybe a friend of a friend. Private money is all around you, and if financing or cash reserves is what’s stopping you from doing more deals, we urge you to take the four steps that Amy outlines today. There’s a good chance you already know a private money lender!

In This Episode We Cover:

What is private money lending and why it’s so different from traditional financing

Building a reputation that’ll turn a stranger into a trusted lender quickly

The “four-second power pitch” that’ll land you lenders immediately

How to make your lending process legit and the documentation needed to do so

Addressing investor fear and how to make lenders feel confident in you

The key to open, honest, and powerful communication when talking to any potential lender

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

“On The Market” YouTube Channel

Access Brandon Turner’s Free Masterclass

How to Find Private Money Lenders and Finance Your Deals

10 Ways to Build a Reputation as Your Market’s Premier Real Estate Investor

Hard Money vs. Private Money

Books Mentioned in the Show

Raising Private Capital by Matt Faircloth

Rich Dad Poor Dadby Robert Kiyosaki

Connect with Amy:

Amy's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-636

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635: How an "Average Joe" Can Build a Multimillion Dollar Rental Portfolio Jul 14, 2022

Building a rental property empire isn’t easy. Whether you dream of owning five, ten, or two hundred rental units, there is a way to get there—you just need to know what it is. It took Sam Primm seven years to figure out the smartest way to invest in real estate, and now he’s here to share it with you! Sam, like many people, didn’t hate his nine-to-five job but knew that being on some else's schedule wasn’t bearable for the rest of his life.

Sam partnered up flipping a few houses here, buying a few rental units there, and wholesaling for some extra cash. Three years into his real estate side business, Sam took the leap and went full-time into investing. Since then, he’s been able to buy over $20M in real estate, totaling his portfolio to a whopping $40M. This may seem unachievable to the average real estate investor, but Sam makes it clear that he isn’t special and is just a regular guy buying rentals.

Through his real estate tenure, he’s been able to define exactly what the average investor needs to do to scale their real estate portfolio. His “SCALE” system isn’t complex, but it will help you double, triple, or quadruple the amount of real estate you own in a very short amount of time. Itching to go full-time into investing like Sam did? Tune into this episode, he’ll show you exactly how he did it.

In This Episode We Cover:

What to know BEFORE you quit your job to go full-time into real estate investing

The “SCALE” system that allows you to grow your real estate portfolio faster

The best way to meet private money lenders, investing experts, and future partners

Getting your spouse on board the real estate investing train

Why fear is the most important feeling for new real estate investors

Using social media to grow your network so you can scale 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

“On The Market” YouTube Channel

Henry's BiggerPockets Profile

Books Mentioned in the Show

Rich Dad Poor Dadby Robert Kiyosaki

Tractionby Gino Wickman

Connect with Sam:

Sam's Instagram

Sam's YouTube

Sam's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-635

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

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634: Why 2023 Will Be One of The Best Years Ever to Invest in Multifamily Jul 12, 2022

Investing in apartment buildings may seem like a big jump to everyday real estate investors. Mom and pop landlords—used to buying single-family houses or duplexes—may see apartment buildings as far outside their reach. And this, for the most part, has been true over the past two years. With high competition, equally high prices, and syndication deals popping off every other second, regular investors haven’t been able to invest in large multifamily real estate—until now.

Andrew Cushman and Matt Faircloth started as solo-investors like most of us. But, over the past decade, they’ve both grown large multifamily portfolios, and know exactly how hard it's been over the past two years. They’re finally starting to see some cracks in the institutional armor of multifamily, allowing small-time investors to get deals while everyone else is fleeing from high interest rates and an oncoming economic downturn.

If you’ve been waiting to level up your investment portfolio, make big equity gains, and bring in massive passive income, then this is the episode for you. And, if you feel like you’re too new to invest, the BiggerPockets Multifamily Bootcamp, hosted by Matt Faircloth, will give you everything you need to go from onlooker to investor!

In This Episode We Cover:

Multifamily “tailwinds” that are making apartment investing easier in 2022 and 2023

The hidden opportunity of multifamily that most investors don’t pay attention to

How creativity became crucial in the real estate industry and using it to score better deals

Which multifamily properties are safe from an economic downturn and inflation

The seven ways that you can mitigate multifamily risk when investing

How to start building your multifamily strategy today so deals flow to you as competition thins

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

BiggerPockets Podcast 203

BiggerPockets Podcast 88

BiggerPockets Podcast 289

BiggerPockets Podcast 170

BiggerPockets Podcast 279

BiggerPockets Podcast 586

Vantage Point Acquisitions

DeRosa Group

Invest with David Greene

Book Mentioned in the Show

Raising Private Capital by Matt Faircloth

Connect with Matt and Andrew:

Andrew's BiggerPockets Profile

Matt's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-634

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633: Seeing Greene: Is My BRRRR a Bust If Cash Flow is Low? Jul 10, 2022

Cash flow is necessary when investing in rental properties. Cash flow grants you, the real estate investor, enough leeway to pay for your mortgage and taxes, and save up a healthy safety reserve for future renovations. For new real estate investors, cash flow is probably the single most important metric they look at, but it’s not always a great predictor of a good investment. If you want to truly build wealth, generate passive income, and retire early (or rich), start looking at the metrics David Greene is talking about.

Welcome back to another episode of Seeing Greene. Our cash flow creator, expert agent, and investor with decades of experience, David Greene, is back to answer your most asked questions. In this episode, we’re touching on topics like when to focus less on work and focus more on real estate investing, why low cash flow isn’t always a bad thing, what happens when an appraisal misses the mark, creatively financing home renovations, and how much every investor should have in safety reserves.

In This Episode We Cover:

Why buying real estate in sprints is normal and when to lay off investing

The many metrics outside of cash flow that point to a great rental property

What to do when an appraisal comes back low and how to challenge an appraisal

The different ways to finance a home renovation and which will pave the way for more passive income

How much to keep in safety reserves if you’re buying your first rental property

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Find an Investor-Friendly Agent Near You

Apply for Your Dream Job at BiggerPockets

Leave a Review on Apple Podcasts

Should You Invest for Equity or Cash Flow?

How to Fund Rehabs and Renovations

Book Mentioned in the Show

SKILLby David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-633

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

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632: The “Conveyor Belt” System That’ll Build You a BIG Rental Portfolio Quickly Jul 07, 2022

Multifamily investing is a bit different than other types of residential real estate investing. When the economy begins to shift, and a recession is looming, multifamily real estate tends to drop in price. But, at the same time, more renters need a place to stay, or more importantly, an affordable place to stay, making multifamily apartments their go-to option. If apartment investing has ever interested you before, Jake Stenziano and Gino Barbaro make a strong argument why now may be the perfect time to get into the industry.

If you’re feeling deja vu, don’t worry, Jake and Gino have been on the BiggerPockets Podcast multiple times before. Each time they come on they bring new lessons, new deals, and a lot more units under their belt. Only a decade or so ago, Jake and Gino were busting their humps working at jobs and businesses that didn’t fulfill them. It took them a year and a half to buy their first deal, and now, they’re sitting on $175M worth of multifamily. That’s quite a lot of deals in just a decade.

Jake and Gino drop some gems in this episode, specifically on why 2022 may be a smart time to start investing, how to develop your “buy right” criteria, and preparing your exit strategies so you can build wealth, not just get rich once. They’ve learned a lot of multifamily investing lessons the hard way, so next time you’re presented with a killer deal, you don’t have to double down on their mistakes.

In This Episode We Cover:

Why you DON’T need to raise outside money to tackle big multifamily deals

How to hire the right people and get employees invested in your properties (literally)

The “buy right” framework and three pillars of real estate that every investor must understand

Why exit strategies are the most crucial part of investing and how to define yours

Managing properties the right way and how good property management can make or break a deal

The “conveyor belt” acquisition system that will fly deals your way (even when you’re not working)

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

BiggerPockets Podcast 182

BiggerPockets Podcast 266

Pizza Owner to 1,500 Units

Millionaire Couples

Books Mentioned in the Show

Small Giantsby Bo Burlingham

Scaling Upby Verne Harnish

The 7 Habits of Highly Effective Peopleby Stephen Covey

Connect with Jake and Gino:

Jake’s BiggerPockets Profile

Jake’s LinkedIn

Gino’s Linkedin

Jake and Gino’s Facebook Page

Jake and Gino’s LinkedIn

Jake and Gino’s Website

Jake and Gino’s Podcast

Jake and Gino’s Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-632

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

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631: BiggerNews July: Rich Dad's CPA on How ANY Investor Can Avoid Taxes in 2022 Jul 05, 2022

Everyone wonders how the rich avoid taxes. To most Americans, it seems like there is some big loophole that only the mega-wealthy know about, leaving average workers strapped with a large tax bill. Are the ultra-wealthy cheating the tax code, or are they onto something that everyday Americans simply don’t know about? Tom Wheelwright, author of Tax-Free Wealth and Rich Dad’s (Robert Kiyosaki) CPA is here to tell you how to take advantage of these big tax deductions that mystify small-time investors.

If you’re already investing in real estate, you’ll know that the tax deductions can be plentiful. You get mortgage interest, depreciation, maintenance, and insurance write-offs. But, even bigger than those, are bonus depreciation and cost segregation, which aren’t complicated tax strategies and can help almost any investor reduce their tax bill significantly. So what can an average investor like you do to get started saving on taxes?

Tom walks through the 2022 tax deductions that are decreasing this year, which to take advantage of immediately, how to find the right CPA for you, and which write-offs you may be missing. These tips could reduce your taxes by a significant amount, freeing up much more of your capital for future real estate deals!

In This Episode We Cover:

The disappearing tax deductions that every investor should take advantage of

How the wealthy avoid taxes by buying real estate and getting into debt

Renting vs. buying and which makes more sense in 2022 as affordability plummets

Using cost segregation and bonus depreciation to wipe out your tax bill

How to work with the government, instead of against it, to build wealth faster

The best 2022 real estate tax strategies that small or large real estate investors can implement

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Hear Our Past Interview with Tom on 5 Steps to Eliminate Income Tax

Listen to The Rent vs. Buy Debate on This Week’s Episode of On The Market

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

Books Mentioned in the Show

Tax-Free Wealthby Tom Wheelright

The Win Win Wealth Strategyby Tom Wheelright

Connect with Tom:

Tom's Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-631

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

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630: Seeing Greene: Estimating Rent, “Amplifying” Cash Flow, and DIY Investing Jul 03, 2022

Look up “how to retire early” online and you’ll see some common prescriptions. You’ll hear investors talk about rental properties and index funds more than other options. This is for good reason since even as real estate investors there are ways we can go beyond the scope of buying rentals to amplify our wealth and set ourselves up for early retirement. This is also the exact question that one of our guests asks on this episode of Seeing Greene.

If you’ve ever wondered what you should do with your rental property profits after you’ve paid all your bills, whether or not to flip homes in 2022’s housing market, or simply how to get less nervous on the phone, then you’re in the right place. David Greene, host of The BiggerPockets Real Estate Podcast, runs through a series of different Q&A style submissions from new investors, experienced investors, real estate agents, and everyone in between.

In This Episode We Cover:

How to estimate rents on a potential income property and which room count brings in the most money

How to find an investor-friendly agent who will give you the local contacts you need

Whether to sell a rental property or keep it and cash-on-cash return vs return on equity

Live in flips and why flipping houses has gotten so much harder in 2022

Turnkey rental companies and whether or not to use one when investing from abroad

How to retire earlier by “amplifying” your rental property’s cash flow

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Estimate Rent Easily with The BiggerPockets Rent Estimator

Find an Investor-Friendly Agent Near You

How to Retire Early (From Someone Who Did at Age 27)

Book Mentioned in the Show

SKILLby David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-630

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

629: Brandon Turner’s 4-Step “Viral” Formula That’ll Bring You Deals TODAY Jun 30, 2022

To real estate investors and real estate investing enthusiasts, Brandon Turner is a household name. Not only has he written one of the most successful real estate investing books ever published (The Book on Rental Property Investing), but he also pioneered the real estate podcasting, social media, and blogging space. Funny to think that only a decade or so ago, this massively successful capital raiser, business founder, and CEO was painting rental properties, just trying to quit his soul-sucking job.

So how did Brandon do this so quickly, and what’s going on in the brain (and under the beard) of one of the most successful real estate investors on the planet? Surprisingly, Brandon doesn’t have some secret formula, world-changing analogy, or crystal ball. He simply did what he said he would do—look for deals consistently, make offers whenever he could, and close so he could move on to the next. If this sounds familiar to your situation, but you’re struggling to find success, you may find that his system is a little bit different from yours.

Brandon gives valuable insight into the “machine-building” he’s doing over at Open Door Capital, how he’s successfully growing his personal brand, and why real estate investing success should never be a surprise. If you’re a new listener to the show, it won’t be long before you realize why Brandon Turner was (and still is) one of the most beloved voices for building wealth.

In This Episode We Cover:

The four levels of entrepreneurialism and how to become the “architect” of your own life

Building a personal brand and finding confidence when creating content

The skills you need to grow a business and become the CEO

The five-point “viral formula” Brandon has used to raise millions of dollars

What it takes to be successful and how to create a machine that will find real estate deals for you

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Hear Our Interview with Jason Drees on Exceeding Your Goals

Should You Quit Your 9-5 Job to Become a Full-Time Real Estate Investor?

10 Challenges to Seriously Consider BEFORE Quitting Your Day Job

Grab Brandon's FREE Masterclass

Purchase Brandon Turner’s Best Selling Books

Stay Up-to-Date On Your Favorite Real Estate Podcast

BiggerPockets Podcast 543 with Gino Wickman

BiggerPockets Podcast 584 with Jonathan Greene

BiggerPockets Podcast 264 with Gary Vee

David's Newsletter

Brandon's Newsletter

Invest with Open Door Capital

Books Mentioned in the Show

Tractionby Gino Wickman

Rich Dad Poor Dadby Robert Kiyosaki

The Crisis Comfortby Michael Easter

Long-Distance Real Estate Investingby David Greene

Connect with Brandon

Brandon's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-629

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

628: How Being a Quitter Will Make You a Millionaire Jun 28, 2022

Before you quit your job, you’ll need to do a few crucial things. If you haven’t done these yet, but are strongly considering leaving your job soon, Henry Washington and Rob Abasolo may advise you to wait it out a bit longer. Quitting your job is a big decision, especially if your family relies on the income that you’re bringing in. The good news is, that if you’re prepared, you can walk away making much more than you did at your W2. But, if you aren't, you could simply be taking a breather in between jobs, instead of building a life you love and ruling your schedule.

Henry and Rob both have eerily similar quitting stories. They both quit during the same month of the same year, making the same salary all while building a real estate investment portfolio in the background. While Henry is more of a multifamily investing man, Rob has taken the short-term rental route to build his wealth. Both men have left the cushy healthcare-provided and retirement-matching lifestyles to build something much bigger not only for themselves but their families and employees.

If you’ve wondered “when should I quit my job” or “is now the right time to go full-time into real estate investing?” then this episode is a prerequisite for you. Henry and Rob go over the four things you need to know BEFORE you quit, things to be aware of as a full-time entrepreneur, how to handle taxes and healthcare, and some actionable tips for when you’re finally ready to take the plunge into full-time investing.

In This Episode We Cover:

Why quitting a high-paying job is probably worth it in the long-run

Spousal approval when quitting and why it’s mandatory before you start doing your own thing

How much should you have in safety reserves when you quit

The “work-life balance” myth and what a day in the life of an entrepreneur really looks like

Changing how you invest after you say goodbye to consistent income

Mapping out potential scenarios so you know what to expect on the other side of employment

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Hear Our Interview with Jason Drees on Exceeding Your Goals

Should You Quit Your 9-5 Job to Become a Full-Time Real Estate Investor?

10 Challenges to Seriously Consider BEFORE Quitting Your Day Job

Henry's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-628

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

627: Seeing Greene: The Real Estate Winners and Losers Of The Next Recession Jun 26, 2022

Everyone has housing market crash predictions. Some media outlets will tell you the sky is falling, real estate is on the edge of a cliff, and the whole world is turning upside down. Meanwhile, investors who made it out alive during the great recession see an oncoming housing correction as an opportunity, not a warning sign. Ever since we saw wild home appreciation in late 2020 and beyond, everyday investors have been asking: when is our time up?

David Greene, real estate investing expert (also agent, author, and podcast host), knows that people will get hurt if an economic crash does happen. But, he also knows that investors who have kept their expenses lean, saved when they could, and taken care of their assets, will probably ride the tide just fine. In this episode of Seeing Greene, David will answer one of the most asked questions: where do we go from here? He’ll also touch on whether or not to give up earnest money in a bad deal, when to replace big systems like an HVAC that is on its last legs, how to calculate ARV, and why adjustable-rate mortgages could spell disaster in 2022.

In This Episode We Cover:

What will happen to real estate if the US economy enters a recession

Whether or not short-term rentals and vacation rentals are at risk

How to calculate ARV (after repair value) and get estimates without breaking the bank

The best exit strategies to have when investing in real estate

How much in emergency reserves should you have when buying a rental

Adjustable-rate mortgages vs. fixed-rate mortgages and which wins in 2022

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Is The Housing Market About to Collapse? What Investors Need to Know

Key Takeaways From the ’08 Recession That Apply Today

The Ultimate Guide to Quickly Estimating a Property’s ARV (After Repair Value)

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-626

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

626: How “Turnkey” Rentals Can Help You Build Real Estate Riches Faster Jun 23, 2022

Turnkey rental properties have become a fan favorite for rookie real estate investors and investors who don't have enough time to manage their rehabs and rental properties. Turnkey real estate is marketed as a way for real estate investors to buy a rehabbed property, often with tenants and management in place, leaving them with just rent checks to collect. One company, Rent To Retirement, has become one of the most popular places to find turnkey investment properties—and for a good reason.

Behind the helm is Zach Lemaster, former optometrist, and current real estate investor. After going through eight years of school, Zach was left with six figures in student loan debt and a job that required him to be on-site for the majority of his waking hours. Like most new real estate investors, Zach had hit a breaking point and realized he needed something else that could provide him income, without the time commitment.

After shelling out a large sum on a wholesaling course, Zach began using his assignment fee profits and salary from his job to buy rental properties. Every year he would buy more and more rentals, allowing him to finally scale into what he calls “turnkey commercial” (triple net) properties that give him sizable rent checks without any of the management headaches. Zach has a real estate investing path worth repeating, and he explains how he did all of it in this episode.

In This Episode We Cover:

How to use wholesaling to make extra cash to invest in real estate

The dos and don’ts of long-distance real estate investing (don’t make Zach’s mistake)

When to reinvest rental property profits so you can retire even sooner

The biggest challenges you’ll face when building a real estate portfolio

Turnkey rentals and why they’re a great option for busy investors

The importance of a great property manager and how a bad one can ruin your deals

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Mastering Turnkey Real Estate—How to Build a Passive Portfolio

6 Pros & Cons of Investing in Turnkey Properties

The Perfect Blueprint for Scaling Quickly in Real Estate

Subscribe to The Rent to Retirement YouTube Channel

Rent to Retirement

Books Mentioned in the Show

The Millionaire Real Estate Agentby Gary Keller

The E-Mythby Michael Gerber

Connect with Zach:

Zach's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-626

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

625: Live Takes: How to Tackle the Tax Man by Buying More Real Estate Jun 21, 2022

Every investor wants to know how to avoid taxes. Many rental property investors get into real estate for this reason alone. And it makes sense—rental property write-offs are not only common in the world of real estate investing but can be very lucrative in almost eliminating your yearly tax burden. So what happens when you feel like you’ve maxed out your real estate tax benefits? Is there a way to pump out even more tax advantages from the same property?

We’re back again with another Live Takes episode, where our hosts, David Greene and Henry Washington, do their best to answer the BiggerPockets community’s investing inquiries. Joining us are four investors each at different stages of their journeys. These investors ask about how to reduce self-employment tax, finding a mentor when you’re brand new to the investing game, what happens when partners disagree on where and what to invest in, and how to maximize depreciation on a cash-flowing property.

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

In This Episode We Cover:

How real estate professional status can greatly reduce your tax burden (if you qualify)

Why smart investors look at their income before buying their next property

The most valuable thing a new investor can bring to a mentor

How to know when to pivot investing strategies and the bright side of “shiny object syndrome”

What to do when you and an investing partner can’t reach a compromise

Building and buying depreciation so you can keep more of your cash flow

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Understanding Rental Property Depreciation

9 Simple Steps to Finding the Best Real Estate Mentor for You

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-625

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

624: Seeing Greene: How to Get Around High Down Payment Requirements Jun 19, 2022

You need a 20% down payment to buy a house, right? Most people assume that the standard down payment amount, 20% down, is the acceptable average when buying a rental property or a primary residence. But this isn’t always true, even for real estate investors. Many investors will spend years saving up just a single down payment amount, only to later realize that they could have bought multiple rental properties faster if they would have done less down. So before you put a big chunk of change into your next rental, listen up.

David Greene is back with another episode of Seeing Greene where he takes a multitude of questions from new and small real estate investors. There is an answer for everyone in this episode with topics covering down payment amounts, investing in US real estate while living abroad, new real estate agent tips, how to finance ADUs (accessory dwelling units), and retiring yourself (or your parents) with real estate investing!

In This Episode We Cover:

What type of rental property should you buy as your first real estate deal

How to dominate your market as a brand new agent and meet buyers and sellers

As a foreign investor, how can you get around the 35% down payment requirement

How to finance an ADU to increase cash flow on your rental property

Should you invest with your family if you haven’t done a deal yet?

Buying rental properties without having to save up a 20% down payment

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Get Your Tickets to BPCon2022

Work with David’s Team on Your Next Mortgage

Listen to Our Interview with Dan Brault

Books Mentioned in the Show

SOLD by David Greene

SKILL by David Greene

Finding and Funding Great Dealsby Anson Young

Long-Distance Real Estate Investingby David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-624

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

623: 10th Grade Dropout to 400-Unit Apartment Complexes (WITHOUT Raising Money) Jun 16, 2022

Multifamily real estate investors almost always raise money for their deals, right? Some would call it almost impossible to try and build a huge real estate portfolio without borrowing money or partnering up to take down bigger properties. Sofia Castro, along with her husband, not only built a multifamily portfolio using their own money, but did so starting with a severe disadvantage.

Both Sofia and her husband were high school dropouts, living without much money, and practically no experience. A local entrepreneur took Sofia and her husband under his wing, teaching them both how to become leasing brokers. From there, they started building their entrepreneurial endeavor, eventually selling their business a couple of decades later for a whopping billion dollars.

With cash in hand and real estate experience under their belt, they began buying apartment complexes to flip them as condos. Once the recession hit, Sofia knew this was the wrong business to be in, so she pivoted heavily towards multifamily rental investing, specifically investing in “core deals”. Now, she has a streamlined process for finding deals, buying deals, and screening tenants. She gives some out-of-the-box, but highly useful tips on tenant screening, property management, and why “value-add” real estate isn’t all it’s chopped up to be.

In This Episode We Cover:

“Core deals” explained and why they often beat value-add properties

What are cap rates and why understanding them is crucial when buying multifamily

Condo conversions and the risk of flipping during downtimes in the economy

Tenant screening tips that will get you the best tenants who pay on time, every month

The right way to do property management and why you shouldn’t immediately outsource

How to buy in the right real estate markets, plus the metrics Sofia looks for when investing

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Steer Clear of Social Media Scams

Should You Self-Manage Your Properties or Hire a Pro?

The Beginner’s Guide to Buying Your First Multifamily Property

Should You Raise Private Capital for Your Next Investment Project?

Books Mentioned in the Show

ABCs to Real Estate Investing by Ken McElroy

Think and Grow Richby Napoleon Hill

Connect with Sofia

Sofia's Instagram: @officialsofiacastro

Sofia's LinkedIn

Sofia's Facebook

Sofia's Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-623

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

622: 7 Expert Negotiation Tactics That Will Put a Buyer/Seller/Tenant on Your Side Jun 14, 2022

The secrets to negotiation are often simpler than you think. There’s no double-talk, bribing, or harshness necessary to get what you want. If you know what the other side wants (which you probably do already), you’ll most likely have enough to negotiate successfully. So why aren't most people winning negotiations? Well, when everyone is buying or selling to get the most they can, it’s often the people who create wins for their opponents that come out on top.

David Greene would know this. He’s one of the top real estate agents in the country and is the host of the biggest real estate podcast around (that’s us!). His new book, SKILL: A Top-Producing Agent’s Guide to Earning Unlimited Income, is more than a handbook for real estate agents. This book also details how almost anyone investing in, buying, or selling real estate can win negotiations easily.

David spends time today outlining the seven negotiation tactics he has used in the past to lock down deals for buyers, sellers, and himself. You’ll hear real-world examples of when David and co-host Rob used these tactics in their own investments plus exactly how to formulate each of these tactics so you can ultimately get what you want.

In This Episode We Cover:

Price anchoring and how adjusting a baseline can secure a quick win early in a negotiation

Staying likable, yet stern, in a negotiation so the opponents want you to win

Persuading opponents that your desired outcome is actually in their best interest

Redefining the value you bring and showcasing it in an undeniable way

Building a negotiation scarecrow that becomes the enemy (so you don’t!)

Reigning in FOMO when working with buyers or sellers in a hot housing market

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

3 Not-So-Obvious Secrets to Masterful Real Estate Negotiation

Invest with David

David’s Ted Talk on Building Skills

Books Mentioned in the Show

SOLD by David Greene

SKILLby David Greene

BRRRR by David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-622

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

621: Seeing Greene: Is Paying Off My Mortgage Early a Mistake? Jun 12, 2022

Paying off your mortgage early—to some people, this sounds like a dream scenario. But to others, it could be a cash-tastrophe. We can already hear real estate investors yelling out “always use leverage”, “what about the low interest rates!?”, and “you can scale so much quicker!” Like many real estate investors, David Greene knows the power of leverage and loans to buy rental properties faster. But, it’s safe to say that for some people, paying off a property or buying a home in cash may be a much smarter move.

Welcome back to another episode of Seeing Greene where David answers questions directly from BiggerPockets listeners and viewers on YouTube. This time around, we have some seriously useful questions being answered for the new investor. These questions range from when to take out a loan and when to pay off a property, how to get started in real estate in your early twenties, how to build more cash flow as your expenses increase, how to get a HELOC on your rental property, and how to raise money for a down payment. All these questions (and more) are coming up!

In This Episode We Cover:

Weighing the pros and cons of leverage when investing in real estate

How to start investing in real estate without a ton of money or experience

Why it’s so difficult to get HELOCs (home equity lines of credit) on rental properties

Real estate bookkeeping and how to keep all your accounts up to date

How to finance your down payments so you can buy rental properties faster

Getting preapproved for a mortgage even if you have a 1099 income

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Get Your Tickets to BPCon2022

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

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

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

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

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

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

Laurence's BiggerPockets Profile

Book Mentioned in the Show

Rich Dad Poor Dadby Robert Kiyosaki

Connect with Laurence:

Laurence's Email

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

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

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

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

How to Use a HELOC to Buy Real Estate

How to Embrace the Uncertainty of Change & Make Your First Deal

Cash Flow vs. Appreciation—What Experienced Investors Know That You Don’t

Work with The One Brokerage For Your Next Mortgage

Book Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Connect with David:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-612

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

611: Using a "Miserable" Job to Fuel a Fast-Growing Flipping Portfolio May 19, 2022

House flippingis a very potent form of investing. After just one fix and flip, many investors find themselves hooked, leaving their stable jobs for the profit (and rush) or finishing another flip. This happened quickly to Jason Pritchard, flipper and rental property investor in central California. Jason was working at a sales job he hated and after watching one of the many famous HGTV flipping shows, thought, “Hey, I could do that!”

He gave it a try, using his life savings and retirement funds available to him. It was a success, so he decided to scale up. One flip grew to a few, and now, Jason's team does over seventy-five flips and wholesale deals per year! This incredible volume didn’t happen overnight—it took Jason seven years to go from W2 worker to one of the best flippers in the state! And it’s not just flipping Jason is after. He’s been able to grow a massive rental property portfolio, some eighty-three units, at the same time!

You’re probably wondering how Jason did this so fast. Worry not, as he details every step from how he finds leads, builds a team, pays the taxman, and even compensates employees. If you’re trying to get your foot into the flipping door, Jason’s story should inspire you to do almost exactly what he did.

In This Episode We Cover

Using the skills from your job and translating them to make real estate riches

Building a business and the most important step most flippers/wholesalers skip

Funding your flips and why paying taxes might be a good thing when it comes to financing

How to find employees that will grow with your business, even if you feel like you “can’t” hire just yet

Private money lenders and using them to scale your business even bigger

And So Much More!

Links from the Show

Invest in David and Rob’s Next Property

How to Flip a House & Make a Profit

How to Build a Highly Effective Real Estate Team

How I Find Private Money Lenders to 100% Fund My Deals

Books Mentioned in the Show:

The Go-Giverby Bob BUrg

Think and Grow Rich by Napoleon Hill

Connect with David:

Connect with Rob:

Connect with Jason:

Jason's Instagram

Jason's Facebook

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-611

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

610: Live Takes: The 5,000 Mile Away BRRRR (REALLY Long-Distance Investing) May 17, 2022

Building a house vs. buying a house—which makes more sense for today’s investor? With home prices rising faster than many of us have ever seen before, more and more real estate investors are asking whether or not building their rentals is a smarter idea. And who can blame them? Building a rental property can seem like a great way to minimize acquisition costs, but this is only true in certain circumstances, which many investors just won’t fit into.

Welcome to Live Takes where Henry Washington, investor and On The Marketguest host, joins David Greene for a live real estate Q&A. David and Henry invite four investors onto the show today to talk about each of their passive income predicaments. These topics include buying vs. building a home, how to get out of a bad BRRRR, whether or not it’s too late in life to invest in real estate, and how to invest out-of-country.

Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene or Live Takes. 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

Buying vs. building rental properties and which decision makes sense for which investor

What to do when you go over budget on a rehab, flip, or BRRRR investment

How to invest and scale a real estate portfolio when getting started later in life

Whether to invest long-distance or stick it out in your local market

Mitigating riskand keeping your cash flow rolling when stuck in a bad deal

How to finance land purchases and using a backwards BRRRR method to do so

And So Much More!

Links from the Show

5 Ways to Avoid Going Over Your Flipping Budget

Is it Better to Build New or Renovate Existing Homes as an Investor?

David Greene | BiggerPockets

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-610

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

609: Seeing Greene: Gift Funds, Crash Indicators, and Problems with Partnerships May 15, 2022

Why can’t I use gift funds on my down payment? What are the common housing market crash indicators that real estate investors should look out for? And why does David only invest with the short-term rental king, Rob Abasolo? If you’re joining us today for this episode of Seeing Greene, you’ll hear answers to all these questions and more!

David takes some time out of his day to sit down and answer arguably the most hard-hitting, specific questions we’ve had to date on an episode of Seeing Greene. These questions include how to find synergy between your career and your investing goals, how to not cross the line when working with multiple agents, the best ways to purchase real estate with no (or low) money down, and why David rarely partners up on real estate deals.

Some of these questions may hit home for you, as most of today’s guests are either rookie real estate investors or young professionals looking to get their start in investing.

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

In This Episode We Cover

How to "explode" as a real estate investor working full-time in a related field

Working with multiple agents in a market without crossing the client-exclusivity line

Purchasing small multifamily deals with no and low money down

How to get around the “gift funds” rule for rental property mortgages

The telltale signs that lenders are seeing a housing crash on the horizon

The problem with real estate partnerships and how to prepare to be in one

And So Much More!

Links from the Show

Work with David as a Loan Officer

Real Estate Rookie Podcast 73: Partnerships—What to Do Before You Jump in With Another Investor

Books Mentioned in the Show:

The Book On Investing in Real Estate with No (and Low) Money Down by Brandon Turner

SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business by David Greene

The Millionaire Real Estate Agent by Gary Keller with Dave Jenks and Papasan

Connect with David:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-609

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

608: The “Golden Trio” Every Real Estate Investor MUST Have to Truly Profit First May 12, 2022

The Profit First system was revolutionary when introduced by Mike Michalowicz. In simple terms, Profit First allowed small business owners to take home bigger paychecks, reinvest in their business, and scale with ease, oftentimes while doing even less. The age-old adage of “do more work, make more money” was turned on its head by simple accounting practices. In reality, the business owners who were doing the most work were making the least, while business owners who truly knew their numbers worked less, made more, and had more money to invest.

After reading Profit First, David Richter knew that this same system could be applied to real estate investing. David grew a rental portfolio himself by learning from a local mentor. This mentor had a growing team, a scaling business, but was making less and less with every deal done. As David investigated more real estate investors’ businesses, he found that this wasn’t an isolated case. Most investors were making low wages, working far more than at the jobs they had quit, and had inflated businesses, to say the least.

With some simple accounting practices, which David describes in this episode, real estate investors can turn their business into Profit First powerhouses using very simple steps. If you’ve been feeling burnout from a barrage of deals, but aren’t seeing the profit you’ve worked so hard for, you’ll want to pick up David’s new book, Profit First for Real Estate Investing!

In This Episode We Cover

The Profit First formula and why most real estate investors calculate profit all wrong

The biggest mistake that real estate rookies make when starting their businesses

Why more deals doesn’t automatically equal more money in real estate

The rockstar team member that can make or break your business

The “golden trio” of accounts that every investor should have set up

Redefining the “pay yourself first” method of making money

And So Much More!

Links from the Show

Invest in David and Rob’s Next Property

David’s Free Giveaway for BiggerPockets Listeners

Our Interview with “Profit First” Author, Mike Michalowicz

Books Mentioned in the Show:

Profit First for Real Estate Investing by David Richter

Lifeonaire by Steve Cook

Rich Dad Poor Dad by Robert Kiyosaki

Profit First by Mike Michalowicz

The Road Less Stupid by Keith J. Cunningham

The Book on Rental Property Investing by Brandon Turner

The Book on Managing Rental Properties by Brandon Turner

Connect with David:

Rob’s BiggerPockets Profile

Connect with Rob:

Connect with David Richter:

Simple CFO Solutions

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-608

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

607: Multifamily Q&A: How to Start, Scale, and Succeed in Apartment Investing May 10, 2022

Is multifamily real estate investing as complicated as investors make it out to be? If you’re Andrew Cushman of Vantage Point Acquisitions, you’d probably argue that although multifamily has a bit more complexity than single-family rentals, it’s still, by all means, profitable for the everyday investor.

In the early 2000s, Andrew didn’t know anything about pro formas, apartment underwriting, or the best type of mulch to use on large-scale landscaping. Now, more than a decade later, Andrew has been able to lead his team in acquiring, syndicating, and repositioning over 2,500 multifamily units. He’s here with David Greene to answer live questions surrounding anything and everything related to multifamily investing. He gives stellar takes on the current state of the market, how rising interest rates will affect multifamily investing over the next few years, and the best way to increase your ROI (return on investment) on a multifamily acquisition.

You don’t need to be a large-scale apartment investor to take away some golden nuggets from this episode. Even if you’ve never thought of investing in multifamily, Andrew frames multifamily in a way that’ll have you wondering, “could I buy that apartment down the street?”

In This Episode We Cover

The five most important factors to understand when looking at a multifamily deal

Multifamily debt and equity, plus how they dramatically differ from single family rentals

How to use pro forma calculations when underwriting a deal and protecting yourself from overinflated profit numbers

Whether or not today’s rising interest rates will cause a sell-off of multifamily properties

The easiest improvements that will dramatically boost your ROI on a multifamily property

What rookie investors get wrong about finding good deals in today’s market

And So Much More!

Links from the Show

The 3 Cs to Achieving Success as an Investor

BiggerPockets Podcast 170: The Journey From Flipping Houses To Owning 1470 Units

BiggerPockets Podcast 279: How to Find Overlooked Opportunities in a Hot Market

BiggerPockets Podcast 586: The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals

BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal

Book Mentioned in the Show:

Raising Private Capital by Matt Faircloth

Connect with David:

Andrew’s BiggerPockets Profile

Connect with Andrew:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-607

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606: Seeing Greene: The “Base Hit” Rental Properties That Will Make You Rich May 08, 2022

If you’re looking to buy rental properties, build a real estate portfolio, and level up your wealth?—you’re in the right place. But, as the housing market stays red hot, it can be a struggle for both new and old investors to know where to look for their next cash flow or appreciation play. Do you stick with on-market properties that may be easier to come by but with serious competition, or do you go the off-market property route and look for distressed, yet overlooked properties.

Get answers to this question (and many more) on this episode of Seeing Greene, with your host, David Greene. As always, David takes questions from you, the listeners, to answer some 2022-specific and age-old questions about rental property investing and real estate as a whole. Topics of today’s show include classics like buying new construction vs. an existing rental property, how to invest within your retirement accounts, on-market deals vs. off-market deals, and why certain properties stay on the MLS for so long.

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:

Buying for appreciation vs. cash flow in today’s fiercely competitive housing market

How to invest in real estate even if you’re well into retirement

The three main reasons that a property will sit on the MLS for months

When to quit your job and go full-time into real estate investing (and how to set yourself up for a successful departure)

The 1031 exchange and how it works to defer taxes for rental property investors

Using built-up equity to invest in more cash flow and higher appreciation

And So Much More!

Links from the Show

BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks

BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors

Seeing Greene: Questions from BiggerPockets’ Best and Brightest (Episode 600!)

Seeing Greene: Should You Pay Off Debt or Invest in Real Estate?

Seeing Greene: FHA Loans, Cash Flow Shrinkage, & Bidding $200k Over Asking

10 Actionable Steps Anyone Can Follow to Buy a Rental Property

81 Units in 3 Years: All On-Market with NO Bank Loans w/Cody Davis

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-606

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

605: More Problems, More Money & Why Investors Should Search for Fresh Headaches May 05, 2022

How many rental units do you want? Depending on who you ask, the number of rental properties can differ dramatically. A young investor may be looking to scale their portfolio quickly, eyeing ten, fifteen, or even one-hundred units. But, for a veteran real estate investor, who may already have a three or four-figure portfolio, the optimal rental unit count could be none at all—they may purely want passive income.

Christian Osgood knows this all too well, and it’s how he’s grown a seventy-one-unit portfolio in such a short amount of time. As half of a dynamic investing duo, Christian and his partner Cody Davis know that the first place to look for a deal is within someone’s goals. Unlike most off-market deal hunters, Christian and Cody don’t blatantly ask a seller if they’re willing to part ways with their property. They do something much different and a bit unorthodox.

Christian and Cody have grown a massive multifamily portfolio in an impressive amount of time. Christian walks through the reasons why this partnership works, how they divvy up their roles, and why new investors should learn to love new problems, not cower in fear over potential pit-stops on their wealth-building journey.

In This Episode We Cover

The “fish hauling and shipbuilding” of a perfect real estate partnership

Why entrepreneurs and investors alike should search out new problems to solve

Financing large deals using OPM (other people’s money) and raising capital the right way

How to find any off-market property owner simply by using Google Maps

The biggest mistake you can make when raising money from private investors

Relationship marketing and how it can open you up to phenomenal real estate deals

And So Much More!

Links from the show

Investment with David Greene

Rental Property Investing

The 10X Rule

Connect with Christian:

Cody and Christian's YouTube Channel

The Multifamily Strategy

Christian's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-605

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

604: BiggerNews May: What the Media Isn't Telling You About a “Housing Crash” May 03, 2022

It’s a housing market crash! It’s a housing market bubble! It’s a relatively normal and stable housing market! Two of these statements might make you excited, anxious, or hopeful, while one simply makes you yawn. For years, we’ve heard numerous news outlets, forecasters, and housing authorities tell us that the next housing crash is right around the corner, only for home prices to skyrocket, interest rates to rise, and demand to stay red-hot.

If you want to know if a housing market crash is coming, Rick Sharga, Executive Vice President at ATTOM, a leading provider of nationwide property data, is the person to talk to. His entire job is based on finding and figuring out the data behind housing market movements, which he then presents to field leaders who are trying to make better buying, selling, and lending decisions.

Rick is an industry vet and was around during the mid-2000s housing market crash, the great recession, the foreclosure crisis, and everything that followed. Rick has seen the runup in housing prices over the past two years and has some interesting theories as to where we’re headed next. Whether you think we’re in for smooth sailing or on the cusp of another crash, Rick’s predictions may surprise you.

In This Episode We Cover:

Why competition has recently fallen and whether or not this is permanent for the housing market

The difference between 2022’s housing market and the 2007/2008 housing market

Whether or not raising interest rates has affected hot housing markets

If we’re entering bubble territory and how to tell the real estate market is going south

Which real estate markets are primed for a correction in 2023 (and beyond)

How to get ahead of the foreclosure auctions in a “high equity” housing market

And So Much More!

Links from the show

ATTOM Data Solutions

On The Market Podcast

Federal Housing Administration (FHA)

Dave Meyer's Instagram @thedatadeli

BiggerPockets Youtube

David Greene's Instagram @davidgreene24

David Greene Real Estate (Youtube)

Rick's LinkedIn

Rick's Twitter @ricksharga

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-603

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

603: Seeing Greene: Hold or Sell, Maxing Out on Mortgages, and Investor FOMO May 01, 2022

The ROI (return on investment) of a rental property is arguably one of the most calculated metrics when deciding whether or not to invest. Even veteran landlords tend to look at ROI as the sole metric that decides whether or not something is a “deal”. But, in the 2022 housing market, more and more landlords are seeing a massive boost in equity, and new investors are finding cash flow harder and harder to find. Has ROI kept its relevance?

Welcome back to another episode of Seeing Greene, where expert investor, agent, author, and real estate investor, David Greene, takes time to answer the BiggerPockets community’s most top-of-mind questions. In this episode, we touch on topics such as how to scale your portfolio on limited funds, whether or not to invest in tenant-friendly states, long-distance house hacking, and the foolproof way to decide whether to hold or sell in 2022.

In This Episode We Cover:

The three ways any real estate investor can scale their portfolio

Investing in a market facing depopulation and how to research a rental market

Critiquing the “only cash flow” argument and what other important metric to pay attention to

Holding vs. selling your rental properties in 2022 (and how to decide which path to choose)

DSCR loans and how to get around the residential mortgage maximum

Investor FOMO and whether or not to buy or wait in today’s hot housing market

And So Much More!

Links from the Show

BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks

The U.S. Census Bureau

CNN Money

Yahoo Finance

BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals

BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors

Seeing Greene: Questions from BiggerPockets’ Best and Brightest (Episode 600!)

Seeing Greene: Should You Pay Off Debt or Invest in Real Estate?

Seeing Greene: FHA Loans, Cash Flow Shrinkage, & Bidding $200k Over Asking

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-603

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

602: Why The “Right Way” to Buy Rentals is Wrong Apr 28, 2022

If you want to invest in real estate, you’re probably taking a safe, slow approach to building a rental property portfolio. As a real estate rookie, people tell you that the safest way to invest is to get good at one thing while keeping a distance from doing deals outside your comfort zone. While this type of advice isn’t wrong for everyone, it may miss the mark for some.

Investors like Marjorie Patton have found ways to dramatically diversify themselves in the world of real estate, without their losing shirts. Marjorie is the head of sales for a financial technology firm by day and a real estate investor, house hacker, flipper, and private money lender by night. With some rather unexpected renovation costs on her first property (and with no safety reserve), Marjorie was forced to learn real estate investing on the fly.

Fast forward to today, Marjorie has a seven-door portfolio in the expensive Denver, Colorado area. She’s grown quickly and has seen healthy profits, but has no need to quit her W2. Instead, she’s going to creatively parlay any deal that comes across her desk so she can build wealth while continuing to work somewhere she loves.

In This Episode We Cover:

Why diversifying in real estate isn’t such a bad idea, plus how to prepare to do different deals

Using the concepts you know in everyday life to build a real estate portfolio

The benefits of being “scared” when doing deals and building confidence through mistakes

When the right time to quit your W2 is and why you don’t have to succumb to the “financial freedom” pressures

Flipping homes, lending private money, and investing in deals with partners

House hacking an expensive property while keeping your cost of living low

And So Much More!

Links from the Show:

BiggerPockets On The Market Podcast

BiggerPockets Podcast #467: #1 NYT Bestselling Author Adam Grant on the Need to “Think Again”

Ebay

Mike Tyson's Official Website

Steve Jobs' Wikipedia Page

Steve Wozniak's Wikipedia Page

Malcolm Gladwell's Official Website

Warby Parker Website

Rocky Mountain Women Invest Meetup

Mark Ferguson's Wikipedia Page

HBO’s Billions

Rob’s TikTok Profile

Rob’s Instagram

Rob’s Youtube Channel

Rob's Twitter

Denver Women Investor Meetup Instagram

David’s Tiktok Profile

David's Business Website

Connect with Marjorie:

Marjorie's Instagram

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-602

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

601: Why Hitting Your “Goals” Isn’t Enough & Where 95% of Investors Unknowingly Fail Apr 26, 2022

What makes a millionaire mindset? Everyone knows what it takes to become successful: hard work, grit, tenacity, and (usually) some form of intelligence. But with so many people (real estate investors specifically) working hard, day in and day out, why aren’t we seeing a plethora of unbelievably successful individuals? It turns out, the problem isn’t within the system of building wealth, but the individual.

Jason Drees, mindset coach and author of Do the Impossible, has seen numerous individuals come to him confused, doubtful, and wanting to do more. Within a matter of years or even months, these individuals poised on success attain things that would take most people many lifetimes. So what’s the difference between a massively successful investor and a moderately successful one?

In today’s show, Jason breaks down the alchemy behind building a business, a life you love, and massive wealth. He even takes a break to coach David and Rob on their future business plans, uncovering some roadblocks and new paths that they never even knew existed. If you’ve been stuck in analysis paralysis, or simply have a goal to get to fast, this is the episode to not only listen to but take notes and review so you can grow as well.

In This Episode We Cover:

Why 95% of real estate investors aren’t aiming high enough (and how it’s hurting them)

Evolving your mindset after hitting a goal, no matter how small

Hitting unknown goals and looking for accomplishments that excite you

Using your emotion to navigate success and listening to your internal guidance

Walking the path to greatness instead of settling for success

How to “Frame” your goals, plus a live example with David and Rob

And So Much More!

Links from the Show

Tony Robbins Life Coaching

Biggerpockets Bookstore

Brandon's Instagram

Tony Robbins's Website

The David Greene Team's TikTok Profile

Rob's TikTok Profile

Connect with Jason:

Jason's Company Website

Jason's Instagram

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-601

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

600: Seeing Greene: Questions from BiggerPockets' Best and Brightest (Episode 600!) Apr 24, 2022

Welcome episode 600 of the BiggerPockets Real Estate Podcast! Whether you’re a first-time listener or a David Greene addict, we’re happy to have you here. In today’s episode of Seeing Greene, David takes questions from some of the biggest names in the real estate investing space, including fan favorites like Ed Mylett, David Osborn, and even…Brandon Turner (he’s back!)

While this show features some high-level investors, the questions still apply to everyday investors. David answers questions ranging from how to find work-life balance, what to do to get your offer accepted in today’s hot market, how to balance skill with ambition, and where to start when hiring employees for your real estate investing business. Even if you’ve yet to buy your first rental property, advice like this could slingshot your wealth-building journey farther than you knew you could go!

Thanks again to all our celebrity guests for sending in their questions! Heard a question that resonated with you? Want to hear David’s thoughts on a certain topic? 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 with the man himself.

In This Episode We Cover:

How to start (and stay) performing at your best so you can accomplish your goals

What the David Greene team is doing to win bidding wars in today’s hot housing market

The best metric to look at when deciding whether or not to buy a property

How to maintain work-life balance when working, running your business, and investing

Tips for hiring employees that can help you build your real estate portfolio

The three biggest leadership tips when running a team (or teams!)

David’s dream Chipotle order and how to ensure your burrito isn’t soggy

And So Much More!

Links from the Show

What Michael Jordan and Kobe Taught Tim Grover about “Winning”

Investing and Landing Great Deals at Auctions with David Osborn and Aaron Amuchastegui

From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn

Gobundance

You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses

40 Doors in the First 2 Years with Henry Washington

Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode

BiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason

The 7 Tips @investorgirlbritt Used to Go from Amateur to Pro Investor

Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan

Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan

BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks

BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals

BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-600

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

599: The Investing “Cheat Code” of Opportunity Zone Rentals Apr 21, 2022

Opportunity zone investing hasn’t always been around for real estate investors to take advantage of. But as the government began upping the incentives around this type of real estate investing, more tax-savvy investors started to pay attention. You may have heard of opportunity zones before, but you probably don’t know how much of a heavy hitter they are in the realm of tax reduction.

Someone who does know about opportunity zone investing is King Malaki Sims—CPA and avid real estate investor. He’s been buying and building homes in opportunity zones for years and makes the case that this type of investing truly is the best real estate “cheat code” out there. Through his simple strategy, Malaki has been able to not only defer taxes but in some cases, eliminate them entirely, just through simple, smart real estate investing.

Malaki shares how even a novice real estate investor can find, fund, finish, and furnish an opportunity zone rental property all while keeping Uncle Sam away from their hard-earned profits. If you want to build wealth without having to worry about 1031-ing your properties, Malaki is the man to listen to.

In This Episode We Cover:

Opportunity zones explained and how new investors can start investing in them

Where to find opportunity zones in your local area (no matter where you live!)

Funding opportunity zone investments with little to no money down

The biggest opportunity zone myths that scare away investors far too early

Depreciation, bonus depreciation, and tax-deferral strategies you can take advantage of

How crypto, stock, and other investors can invest in real estate tax-free

And So Much More!

Links from the Show:

BiggerPockets Podcast Episode 569: Rich Dad’s CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright

Robert Kiyosaki's Official Website

Donald Trump's Official Website

California Opportunity Zone Website

Cryptocurrency

Rob’s TikTok Profile

Rob’s Instagram

Rob’s Youtube Channel

David’s Tiktok Profile

Connect with King Malaki:

King Malaki's Instagram

King Malaki's Clubhouse

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-599

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

598: How to "Invest on Repeat" with The BRRRR Strategy Apr 19, 2022

The BRRRR method can be taught by no one better than David Greene, author of Buy, Rehab, Rent, Refinance, Repeat, and adorably dubbed “Sir BRRRR” by co-host Rob Abasolo. While David may be a master of BRRRR budgets, schedules, and rehabs, Rob isn’t as familiar with doing full-on buy, rehab, rent, refinance, and repeat rentals. To not only help out Rob but the BiggerPockets audience as a whole, David does a full walkthrough on his latest BRRRR.

This hillside property situated in David’s native San Francisco Bay Area has huge potential to become a cash-flowing, equity-increasing deal. David is turning this large home into multiple smaller units that will rent out to A-class tenants and should net him a six-figure equity boost simply by doing these cash-flow-first renovations.

David walks through exactly how to find BRRRR properties, telltale signs of a good (or bad) BRRRR deal, how to use the BiggerPockets BRRRR calculator, funding options for your BRRRR (from David's broker!), writing up a contractor scope of work (SOW), and how to build cash flow when there isn’t any to be found. You’ll also hear how David had a surprise run-in with the cops when walking this property. Action, excitement, and lots of equity are all coming up in this episode!

In This Episode We Cover:

The first signs that a property may be a great BRRRR deal

Using the BiggerPockets BRRRR calculator to evaluate deals and raise private capital

Financing options you have when funding (and rehabbing) a BRRRR

Contractor bids and BRRRR budgets (even if you don’t have rehab experience)

Before photos and David’s exact conversion plan to turn a single property into a cash-flowing multifamily

The huge wealth-building benefits of getting creative when finding value-add real estate

And So Much More!

Links from the Show

Biggerpockets.com Pro Upgrade Code: REPOD21

BiggerPockets Conference and Events

Rentometer

The 1 Brokerage

Building Your “Passive Income Blueprint” Using the Right Real Estate Agent w/ Johnny Hoang

Books Mentioned in the Show:

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

The Book on Estimating Rehab Costs by J Scott

Connect with Rob:

Rob's TikTok Profile

Connect with David:

David's Tiktok Profile

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-598

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

597: Seeing Greene: Should You Pay Off Debt or Invest in Real Estate? Apr 17, 2022

Should you pay off debt or invest in real estate? Whether you’re young or old, rich or poor, in consumer debt or student debt, this is a question that almost everyone has. With inflation hitting decade-long heights, debt seems to be worth less and less every day. But, the other side to this coin is that asset prices, including real estate, are going up. Is there a right move to make, or are we stuck treading water without enough financial traction to stick to?

Hear answers to this question (and many more) on this week’s Seeing Greene, with your favorite host, agent, investor, and mortgage magician, David Greene. In this episode, you’ll hear topics touched on like whether to house hack or buy cash-flowing rentals, what to expect (and not expect) from your real estate agent, how to reduce (and account for) property taxes, how inflation and interest rates will affect the housing market and the best piece of advice David would give new real estate investors.

Heard a question that resonated with you? Want to hear David’s thoughts on a certain topic? 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 real-time answers!

In This Episode We Cover:

How inflation can positively affect your debt payoff and using your momentum to buy real estate

House hacking in expensive areas vs. buying short-term rentals that cash flow

How David’s real estate team sets up clients and investors for success

Finding the right property manager that will handle your portfolio’s headaches

Whether buying new construction or an existing home has better long-term ROI

How to claim rental income (including house hack income) so you can increase your financeability

And So Much More!

Links from the Show

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

BiggerPockets Podcast 570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale

BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking

BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks

BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals

BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-597

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

596: The 3 Ways to Find Profitable Properties that Big Investors Won’t Touch w/Amanda Cruise Apr 14, 2022

Mobile home park investing wasn’t very attractive until a few years ago. Thanks to big names in the mobile home park space (like BiggerPockets’ own Brandon Turner), the mobile home investing game has become one of the hottest commodities in the world of real estate investing. But it must take a huge jump to go from investing in single-family rentals to double-digit-unit parks, right?

Today’s guest, Amanda Cruise, is here to tell you that bigger doesn’t always mean more challenging. She actually got out of single-family rental investing due to the non-stop headaches of dealing with contractors, property managers, and tenant maintenance problems. She started doing “Lonnie Deals” where she would seller-finance mobile homes to local buyers. Soon, after enough success, she moved on to tackling entire mobile home parks!

But how did Amanda beat out the competition when the mobile home park space is so hot? Thankfully, Amanda shares her three top tips on getting around institutional investors so you can purchase cash-flowing mobile home parks, without the headaches of syndicating or raising vast amounts of capital.

In This Episode We Cover:

“Lonnie Deals” and seller financing mobile homes for profit

Why changing title on a mobile home is far easier than on a traditional home

Finding motivated sellers and how to slide under the radar of institutional investors

Scaling your team and the “must-have” roles when buying mobile home parks

The not-so-secret way to get a list of mobile home park owners in your area

The true “value-add” opportunities to look for in a mobile home park

And So Much More!

Links from the Show:

Sarah Weaver's Website

David Greene's Real Estate YouTube Channel

Rob's TikTok Profile

BiggerPockets Podcast 563: W2 Retired and Traveling the World with Just 15 Units w/Sarah Weaver

Robuilt YouTube Channel: Why I’m buying a $3,250,000 Airbnb in Arizona

Mobile Home Park Investing Course by Amanda Cruise

Connect with Amanda:

Freebies from Amanda's Company Website

Amanda's Instagram

Check the full show notes here: https://biggerpockets.com/blog/real-estate-596

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

595: How to “Layer” Legal Protection So Lawsuits Won’t Touch Your Wealth w/Brian T. Bradley, Esq. Apr 12, 2022

Most investors assume LLCs for rental properties are the way to go in terms of asset protection. From a novice’s point of view, LLCs seem to provide everything you would need?—anonymity, simple tax filing statuses, and legal protection. But, an LLC in reality isn’t as airtight as most real estate investors think. And the worst time to learn about the limitations of an LLC is during a lawsuit, where your wealth (and sanity) is at risk.

To stop you from guessing when it comes to asset protection, we’ve brought on our go-to expert and heavy hitter asset protection lawyer, Brian T. Bradley, Esq. Not only is Brian well versed in the realm of asset protection, but he’s also helped numerous clients protect their real estate wealth, making him the perfect person to ask about LLCs, limited partnerships, trusts, and more.

Brian walks through the different types of legal “layering” that real estate investors can set up to protect themselves from lawsuits and angry creditors. He defines exactly how each type of real estate investor should set up their assets as their net worth expands, and what to do BEFORE you get served with a lawsuit. While Brian may not know your personal situation, he does speak with years of experience serving high-net-worth investor clients and can relay their mistakes (so you don’t make them too).

In This Episode We Cover:

What is asset protection and why is it crucial for real estate investors in particular

The “layers” of legal protection that real estate investors must have

What an LLC really protects you from and why it may be different than what you think

“Piercing the veil” and why most investors need to go a step beyond LLCs

Limited partnerships and trusts that give you the best asset protection

Financing hiccups when keeping your rental properties in trusts

And So Much More!

Links from the Show

Biggerpockets Agent Finder

On the Market Podcast

Biggerpockets Blogs

Rookie Podcast 106: Asset Protection for Rookies: 7 Wealth-Saving Answers from an Expert

David's Tiktok Profile

Connect with Brian:

Brian's Company Website

Email Brian: brian@btblegal.com

Check the full show notes here: https://biggerpockets.com/blog/real-estate-595

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

594: BiggerPockets Podcast 594: Seeing Greene: FHA Loans, Cash Flow Shrinkage, & Bidding $200k Over Asking Apr 10, 2022

Inflation and cash flow have been fighting against each other for decades. As soon as you increase the rent on an income property, inflation comes right in to eat some of that gain. So in today’s borderline hyperinflationary environment, is cash flow still coming out on top? A better question to ask may be, what happens in five, ten, or twenty years? Will inflation completely erode your financial freedom dreams? Or will cash flow match (or beat) this destructive force.

This isn’t just a question that impacts real estate investors—it affects almost every individual working within today’s economy. In today’s episode of Seeing Greene, David goes deep into this question (and others) so you, the investors, can have a better understanding of our economy as a whole. You’ll also hear topics like whether or not you can transfer title on an FHA loan, what to do when bidding wars push prices well above market comparables, when to cosign and when to ask for a cosigner, and what every investor in their twenties should start doing today.

Heard a topic that you wanted more explanation on? Want to ask David a question you’ve never heard before? 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 spending power changes the way investors calculate cash flow

Transferring title from your personal name into an LLC with an FHA loan

How to know a house is “worth it” and what to look for in a loan officer

Cosigning for a relative to house hack and staying up-to-code with owner-occupied loans

Pivoting markets from a cash flow market to an appreciation market

David’s advice to every young, aspiring real estate investor

And So Much More!

Links from the Show

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

BiggerPockets Podcast 570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale

BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Sea

BiggerPockets Podcast 577: Cutting Your Tax Bill, Investing in Different Markets, & “Investor Pressure” | Coaching Calls

BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking

BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks

BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals

BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors

Coming Soon: BiggerPockets's On The Market Podcast

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-594

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

593: The Ethical Wholesaler: Putting People Before Property Profits w/Jamil Damji Apr 07, 2022

The words “ethical” and “wholesaling” are rarely used in the same sentence. For the most part, many real estate investors and agents look at wholesalers as deceptive, hard to read, and for the most part just looking to make a quick buck. While this may be true for many new wholesalers, it's far from the truth for Jamil Damji. If anything, Jamil wants to put an end to inexperienced, and often financially dangerous wholesaling.

You could say Jamil was made to be a wholesaler. He had hustle, cold calling skills, and the will to succeed after being rejected from medical school simply due to his age. He set up a website-building business and got the hang of cold-calling quite quickly. After overhearing a discussion about a real estate deal between his partner and his partner’s father, Jamil decided to take his sales skills and turn them into something a bit more profitable. He made a phone call to a local property owner, secured a deal for his partner, and walked away with a $47,000 assignment fee.

Now, Jamil runs one of the most respected wholesaling companies in the United States. He’s set up an “everyone wins” style of wholesaling where sellers, buyers, and intermediaries in between all get paid fair prices while incentivizing each party to do what’s best for the other. This is a brand new concept in the field of wholesaling and one that Jamil wants to see flourish throughout the industry. If you want to learn how Jamil and his team do sixty to eighty deals a month, all while building a loyal customer base, this is the place to be.

In This Episode We Cover:

How wholesaling works and why so many new investors start with it

The best types of listings to call to find motivated sellers plus where to build your buyers list

Why illegalizing (or at least licensing) wholesaling would be favorable for the industry

How wholesalers can work with agents to build each other’s businesses faster

The biggest mistake wholesalers make when trying to assign contracts to buyers

Building a “win-win” system so everyone in the transaction becomes a repeat customer

And So Much More!

Links from the Show:

Triple Digit Flip Show

Robert Abasolo's Instagram

Robert Abasolo's TikTok

David Greene Real Estate Youtube Channel

KeyGlee

Funny or Die

Upright Citizens Brigade

D.R Horton Company Website

Saturday Night Live

Connect with Jamil:

Jamil's Instagram

Jamil's YouTube Channel

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-593

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

592: BiggerNews April: How to Counter the Biggest Risk of 2022's Real Estate Cycle w/Doug Lodmell Apr 05, 2022

The way the housing market moves largely depends on the real estate cycle we’re currently in. We all saw this during the 2007 subprime mortgage crisis as overleveraged homeowners saw their properties foreclosed on and later sold to investors who had cash on hand. We’re currently experiencing dramatic demand coupled with low inventory, so are we at the end of the housing market cycle, ready for a recession to knock down this house of cards?

Whether we are or aren’t close to a housing bubble bursting, smart real estate investors are protecting their wealth regardless of what is to come. This is where today’s guest, Doug Lodmell, has gleaming insight. Doug and his team have worked for decades to protect the wealth of real estate investors. This is commonly known as asset protection but can be thought of as simple risk mitigation for the new real estate investor.

Doug has been through expansion, crashes, corrections, recoveries, and everything in between and has seen what a poor asset protection strategy can do to an investor's portfolio. He drops some knowledge on today’s show around how real estate investors in 2022 can protect themselves from going through a repeat of 2008. His simple, yet undeniably valuable advice could save you not only money but years worth of work you’ve put into real estate investing.

In This Episode We Cover:

Quick takes on today’s biggest stories surrounding the housing market

The tools asset protection lawyers use to protect and disguise their clients’ wealth

Whether or not new real estate investors need LLCs when buying properties

The biggest mistakes real estate investors make that cost them their wealth

Leveraging debt to build your portfolio vs. cash hoarding for post-crash opportunities

BiggerPockets’ newest podcast show featuring our own Dave Meyer!

And So Much More!

Links from the Show

On the Market Podcast

Connect with Doug:

Doug's LinkedIn Profile

Doug's Company Website

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-592

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors Apr 03, 2022

Cash flow markets are a hotspot for new real estate investors. Why? They’re inexpensive to get into, show great cash flow (on paper), and allow many investors to map their date of financial freedom. The downside? Cash flow markets are different in real life than they are on paper. What may look like a phenomenal rental property at first glance could turn into a tenant nightmare and cash flow hemorrhaging situation. So who should invest in these types of real estate markets?

Questions just like this (and more) are coming up in this episode of Seeing Greene. As usual, David Greene, your expert on all things real estate, is here to answer quick questions from both rookie and veteran investors. In today’s show, David touches on topics like BRRRRing vs. buying multiple properties, 2022 housing market predictions, how to raise capital for your deals, qualifying for financing without strong income, and why 2022 may be the perfect year to go into debt!

In This Episode We Cover:

The best way to invest spare cash: BRRRRing or buying multiple properties?

How David structures his deals and raises capital using debt and equity

Refinancing out of a seller-financed situation, even if you don’t qualify for conventional loans

Whether to keep, sell, or refinance a property when you have significant equity sitting in it

How to house hack (again) when you’ve already used your one FHA loan

Developing your crystal clear criteria so you can grow your portfolio faster

And So Much More!

Links from the Show

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

BiggerPockets Podcast 570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale

BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Dea

BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking

BiggerPockets Podcast 584: The 5 Steps That Will Bring You More Deals, Friends, and Mentors w/Jonathan Greene

BiggerPockets Podcast 586: The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals w/Andrew Cushman

BiggerPockets Podcast 587: Full-Time Flipping (Out-of-State!) at 24 by Doing What Most Don’t Know w/Dominique Gunderson

BiggerPockets Podcast 589: 10 Actionable Steps Anyone Can Follow to Buy a Rental Property

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-591

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

590: From Struggling Renter to Cash Flowing Landlord Using $0 Down Loans w/Andre Haynes Mar 31, 2022

No money down real estate investing usually sounds too good to be true. It seems almost impractical that someone without much experience, money, or property can secure cash-flowing rentals without putting a dollar into the deal. Even more astounding, today’s guest Andre Haynes was paid a few thousand dollars to buy his first rental property. He shares his exact steps on how he did it on today’s show!

While investing in real estate with no money down can seem like an advanced concept, Andre wasn’t some cash-flowing wizard from the start. If anything, Andre’s upbringing may have brought some hurdles to the financial side of his life. He had no credit, no cash, was faced with eviction notices, and generally was falling behind financially as a parent. He had to take a hard look at his life, redefine his goals, and reevaluate his choices. From there, it was a hard, yet incredibly valuable, climb upwards.

Now, only a short time later, Andre has built a real estate portfolio worth over a million dollars. He has numerous cash-flowing assets that pay for his liabilities and has started to educate others about how they can do the same. He defines this easily repeatable process on today’s show but doesn’t gloss over the fact that the only thing stopping you from obtaining the wealth you desire, is yourself.

In This Episode We Cover:

How to invest when you come from an upbringing that lacks financial literacy

Giving up on your “dream” so you can pursue something much greater

Andre’s 5-steps to get your life together and how you can start using them today

Practicing delayed gratification and how simple sacrifices pay off big in the long run

The zero down loan program that Andre used to build his real estate portfolio

The importance of becoming a real estate investor before you buy your first property

And So Much More!

Links from the Show:

BiggerPockets Agent Finder

BPCON 2022

NACA (Neighborhood Assistance Corporation of America)

Rich Dad Poor Dad seminar

The Landlord Life YouTube series

Landlord Life Season 3 Episode 2 with Henry Washington

Mindset Matter Merch (No books here)

Henry Washington's Instagram

Brian Donnelly's KAWS

Connect with Andre:

Andre's Instagram

Andre's Business Website

The Landlord Life YouTube series

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-590

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

589: 10 Actionable Steps Anyone Can Follow to Buy a Rental Property Mar 29, 2022

Want to know how to buy a rental property? If rising home prices, rent prices, and fierce market competition have you struggling to get something under contract, your real estate saviors, David Greene and Rob Abasolo are here to help. In 2022’s hot housing market, it can seem almost impossible for new real estate investors to get their foot in the door. But, if you follow what the experts are doing, you may be able to lock up your next investment while other buyers are stuck in bidding wars.

Whether you’re wondering how to buy your first rental property or your next rental property, David and Rob have answers for you. They’ve partnered up to buy luxury short-term rental properties in sunny Arizona, all while recording the exact steps they’re taking to land a deal. If you’re already investing in real estate, some of these steps may seem familiar to you, but the gems that David and Rob drop are rarely discussed (and incredibly helpful).

So, if you’re ready to start your real estate investing journey, build wealth, rake in cash flow, and build passive income, you’re in the right place. David and Rob define their ten steps to investing success so you can spend less time analyzing deals and more time collecting rent checks.

In This Episode We Cover:

How to define your investment criteria so you can find deals that fit your needs

Working with a partner and keeping the line of communication open

Blocking off time so you (and your partners) can focus on crossing the finish line

What to look for in a real estate agent and how to communicate to them what you want

Writing your offer with multiple strategies in mind so you can beat the competition

How to not become “emotionally attached” to deals that look too good to be true

And So Much More!

Links from the Show

Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder

Dave Ramsey's Website

Zoom

Connect with Rob and David:

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-589

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals Mar 27, 2022

Want to retire with rentals? Want more cash flow? Want to put up a lower down payment? What about building an ADU on your land? All of these questions (and more) are coming up on this episode of Seeing Greene. Unfortunately, this is the first time in BiggerPockets history that David Greene, master investor/agent, hasn’t been able to answer a question (and for good reason).

David tackles some challenging topics this episode, ranging from climate change affecting real estate values, what to do once depreciation runs out, and at what point should an investor take profits in the form of cash flow? While you may have heard varying opinions from other investing experts (or even other BiggerPockets hosts), David has a rather conclusive take on why you should NOT be retiring early with rental properties, but you should do something much greater instead.

If you heard a question that resonated with you or you’d like David to go more into detail on a certain topic, submit your question here so David can answer it on the next episode of Seeing Greene. Or, follow David on Instagram to see when he’s going live so you can hop on a live Q&A with the man himself!

In This Episode We Cover:

How climate change will and won’t affect buying patterns for real estate investors

Whether or not to trade a higher down payment for more cash flow or vice versa

Where to find real estate meetups to network with other investors

When the right time to pull out cash flow from your rental property is

How to maximize tax benefits after your property’s depreciation runs out

Building an ADU vs. buying another rental property with the cash

And So Much More!

Links from the Show

BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Dea

BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking

BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-588

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

587: Full-Time Flipping (Out-of-State!) at 24 by Doing What Most Don’t Know w/Dominique Gunderson Mar 24, 2022

Forty real estate deals is a lot, especially for an experienced investor. How many people do you know that have done forty flips, wholesale deals, or own over forty rentals? Odds are, probably not many. So how does a nineteen-year-old do that many deals in only a year? Even better, how do they then take that experience and build a successful flipping business thousands of miles away from where they live? The answer might surprise you.

Dominique Gunderson is an anomaly in the best of ways. At fifteen years old she became privy to short sales, then at age seventeen, she left high school to start wholesaling full-time. Now, at age twenty-four, she runs a full-time flipping business based in New Orleans while she resides in her home state of California. She’s managing this entire out-of-state real estate investing venture strictly through her phone, laptop, and conversations with her contractors. Impressive, right?

But this level of speed and growth didn’t come without its tradeoffs. Dominique failed many, many times in her pursuit of passive income and real estate profits. She’s the first to admit that she wouldn’t trade a single failure for anything she has now, as they’ve been the stepping stones to her success. So if you want to stop sitting on the sidelines and start succeeding at record speed, you better prepare to fail, just like Dominique did.

In This Episode We Cover:

How to quickly screen for potential hidden gems in the multifamily space

The eight steps that lead to perfect multifamily underwriting so you can make the best offer possible

“Loss to lease” and using it as a value-add opportunity that most investors miss

Getting debt quotes, insurance quotes, and accurately calculating future property taxes

Who’s opinion you need to ask for before going through on a multifamily deal

Looking for the opportunities and traps within a seller’s finances

Writing an LOI (letter of intent) and getting bigger deals under contract

And So Much More!

Links from the Show

The Real Estate InvestHER Show Episode 170: How this Full Time Nurse Manages Multifamily Syndications with Savannah Arroyo

Facebook

Lowe's Home Improvement

The Home Depot

Dominique's BiggerPockets Profile

Connect with Dominique:

Dominique's Instagram

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-587

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

586: The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals w/Andrew Cushman Mar 22, 2022

Want to know how to analyze a multifamily property? Maybe you’ve analyzed duplexes, triplexes, quadplexes, or even ten-unit apartment complexes before, but what about the big deals? We’re talking about multi-million dollar multifamily investments, with hundreds of units, large debt and equity structures, and many, many small pain points only experienced investors would notice.

If you’re looking for an in-depth overview of how to find, analyze, and buy a large multifamily property so you can build passive income and serious equity growth, then Andrew Cushman is the man to talk to. Andrew is so good at what he does that he's partnered up with BiggerPockets Podcast host, David Greene, to invest together.

In Andrew’s previous episode, he touched on the “phase I underwriting” that comes with analyzing a multifamily deal. In this episode, Andrew focuses on what investors should do after they’ve triaged their deals and are left with only the best in the bunch. Andrew spent years worth of time analyzing deals to come up with these eight steps. He shares them today so you can have less headache and more investing success than when he started!

In This Episode We Cover:

How to quickly screen for potential hidden gems in the multifamily space

The eight steps that lead to perfect multifamily underwriting so you can make the best offer possible

“Loss to lease” and using it as a value-add opportunity that most investors miss

Getting debt quotes, insurance quotes, and accurately calculating future property taxes

Who’s opinion you need to ask for before going through on a multifamily deal

Looking for the opportunities and traps within a seller’s finances

Writing an LOI (letter of intent) and getting bigger deals under contract

And So Much More!

Links from the Show

BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal

DavidGreene Team

BiggerPockets Store

BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman

How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman

Parks and Recreation (TV Show)

David Greene's Webinars

Andrew's Linkedin Profile

Andrew's Visuals

Example 1 (Spreadsheet File)

Example 2 (Spreadsheet File)

Example 3 (Spreadsheet File)

Renovation Budget (Spreadsheet File)

Connect with Andrew:

Andrew's Company Website

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-586

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks Mar 20, 2022

BRRRRs, property classes, raising capital questions and more are in this episode of Seeing Greene! As always, your investor mentor, top agent, and shiny-headed host of the BiggerPockets Podcast is back to walk through real-life questions and examples brought to him directly from listeners just like you. This episode walks through a lot of the struggles new and intermediate investors have when trying to scale. So even if you’ve got one unit (or none), you’re probably in one of our guest’s positions.

Investors all over the country are enjoying the spoils of this hot real estate market and need to know the next best move to make. In today’s show, David touches on topics like how to scale when you feel overleveraged, the four hurdles that stop investors from building portfolios, how to tell whether a rental is an a, b, or c-class property, whether or not to raise money on your first big deal, and why every BRRRR needs to start backwards.

In This Episode We Cover:

The four things that slow investors down when building their real estate portfolio

How to know your “property’s personality” so you can get better tenants and equity gain

Defining property classes and what to do if a property and neighborhood class mix

Selling off your rental properties to buy bigger deals vs. raising private capital

Why real estate is easy in theory but difficult in practice

The single best strategy for every new real estate investor to start with

And So Much More!

Links from the Show

BiggerPockets Podcast 569: Rich Dad’s CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright

BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?

BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Dea

BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-585

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

584: The 5 Steps That Will Bring You More Deals, Friends, and Mentors w/Jonathan Greene Mar 17, 2022

If you’re new to investing in real estate, you may not have run your first real estate analysis yet. But as soon as you start looking at properties, you’ll become a spreadsheet wizard in no time! With so many investors counting on automatic analysis from modern, hyper-specific real estate calculators, old-school investors beg the question “do these calculators really make a difference in the deal?”

Today, expert investor, home flipper, wholetailer, and almost every other real estate title in the book, Jonathan Greene, joins us to talk about what new investors are missing out on. While many investors run spreadsheets and analyses before seeing a deal, Jonathan does it the other way around. Jonathan will drive to a property, walk the property, and then after taking a look at some specific parts of the property, will run a deal analysis. He walks through the system that not only makes this efficient but worthwhile.

If you've been around the BiggerPockets Forums for some time, you’ve probably recognized Jonathan’s name (or face). He’s an active contributor, responding to forum posts almost every day and chatting with new investors every chance he gets. Jonathan has found deals, mentors, partners, and great friends thanks to online forums, like BiggerPockets. If you’re looking to get the most out of your virtual networking, Jonathan shares his five tips on extracting huge value from the collective minds of over two million real estate investors!

In This Episode We Cover:

Going beyond the spreadsheets and analyzing real estate internally (before using a calculator)

How to get the “feel” of a house when investing out-of-state

The crucial parts of a house Jonathan looks at during his first walkthrough

The five steps to being successful in an online community (or in real life too!)

Choosing your perfect out-of-state market using two simple data points

Flipping poorly designed homes into massively profitable masterpieces

And So Much More!

Links from the Show:

BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene

BiggerPockets Podcast 583: Building Your “Passive Income Blueprint” Using the Right Real Estate Agent w/ Johnny Hoang

Vrbo (formerly called HomeAway)

Facebook

Dave Meyer's Instagram

Dave Meyer's BiggerPockets Profile

David’s Youtube Channel

Jonathan’s YouTube Channel

Rob's YouTube Channel

Rob’s Tiktok

Connect with Jonathan:

Jonathan’s Instagram

Jonathan’s TikTok

Jonathan’s Business Website: Streamlined Properties

Zen and the Art of Real Estate Investing

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-584

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

583: Building Your “Passive Income Blueprint” Using the Right Real Estate Agent w/ Johnny Hoang Mar 15, 2022

The signs of a bad real estate agent aren’t very clear if you’re a new investor. But, after trial and error and a lot of deals done, you’ll be able to weed out the basic agents from the rockstar realtors. If you’re brand new to real estate investing, there’s no need to sort through ten agents just to find out what makes the good ones great. Today, we’re giving you a shortcut as we pick the brain of one of the top real estate agents in the San Francisco Bay Area, and the country!

Johnny Hoang just began his real estate agent journey only a short two years ago, but he’s been able to close on an astounding $67M in home sales despite having such a short time in the market. Even with things as hot as they are, that’s a very impressive number from any agent, let alone a rookie! Of course, it should come as no surprise that Johnny is a student of David Greene and works with David daily.

In today’s show, David and co-host Rob Abasolo break down what it means to be a great real estate agent. They walk through different scenarios and situations with Johnny so you, the listeners, come away knowledgeable of the difference between an agent who will help you grow your portfolio and an agent who purely wants a commission check.

In This Episode We Cover:

How top agents prioritize clients and what you need to do to get to the top of the list

The investor-client “kiss of death” and how to NOT talk to an experienced agent

The seven signs of a bad agent and when to steer clear of an agent who’s all talk

Finding the perfect investor-friendly agent that will diligently hunt down deals for you

House hacking and using owner-occupied loans to slowly build your wealth

What to expect (and not expect) your real estate agent to bring to the table

And So Much More!

Links from the Show

Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder

DavidGreene Team

Keller Williams Realty

David's Youtube Channel

Rob's Tiktok

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-583

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking Mar 13, 2022

Should I invest now or wait? How do I set up my children for financial success? What do top agents do to stand out in the market? These are all questions of real estate investors, agents, and onlookers who wait to see what’s next in the 2022 housing market. With so much uncertainty around us and an environment of intense competition, it can be a struggle to know what move is the right one or whether or not to sit out of the game entirely.

Well, if you’re looking for a top agent, investor, and podcaster with a very shiny head, you’ve come to the right place. David Greene is back with another fan-favorite episode of the Seeing Greene series as he takes questions directly from BiggerPockets listeners and commenters on YouTube.

In this week’s seeing Greene, you’ll hear David go granular into commonly asked questions and topics like: how to finance a rental without W2 income, what to do when a home is zoned incorrectly, investing in expensive markets like Hawaii, asset protection for real estate investors, and why cash flow isn’t the most important metric when house hacking.

Want to ask David a question? Submit your video here!

In This Episode We Cover:

The exact way David provides value to his residential and investor clients

Buying your child a rental property and the logistics that go with it

What to do with a rental property that was zoned incorrectly

Investing in vacation rental markets like Hawaii and why they’re different than regular markets

Whether to invest now or wait until the market has more cash-flowing deals

The best way to protect your assets as a new real estate investor

Why house hacking is the best way to get your start in real estate investing (even in expensive markets)

And So Much More!

Links from the Show

BiggerPockets Podcast 569: Rich Dad’s CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright

BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?

BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

BiggerPockets Agent Finder

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-582

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

581: The Hidden Passive Income Source in Your Own Backyard w/That ADU Guy Mar 10, 2022

What do you think of when we say ADU (accessory dwelling unit)? If you’re like most homeowners, you probably think of a back house, a mother-in-law suite, or a converted art studio. But what if you don’t have a home that comes with a pre-fitted accessory dwelling unit? What if you don’t want to put in the money (or time) to build one out. Are you left with any options, or are your ADU dreams dead in the dust?

If you’ve wanted to start building passive income streams through your primary residence, then we’ve got good news for you. With us today is Derek Sherrell, also known as “That ADU Guy”, precisely because he is THE person you want to talk to when it comes to accessory dwelling units on your property. Derek knows his stuff, consulting dozens of homeowners on how an ADU would fit into their property and how much passive income they could make as a result.

And it’s not just about building some other structure in your backyard. You can convert attics, basements, garages, and even portions of your house into accessory dwelling units. Not only does this allow you to save on the cost of new construction, but it also gives you another option to build wealth, pay down your mortgage, or simply profit from a rarely used portion of your home.

In This Episode We Cover:

The exact criteria homeowners should look for in potential ADU-friendly properties

Attached vs. detached ADUs and the benefits (and cash flow difference) of both

The four main challenges when building, financing, or strategizing an ADU

What to look for in existing ADU structures, whether it’s a garage, back house, or basement

How to become an ADU expert quickly (and for free) with simple city zoning information

And So Much More!

Links from the Show:

Warren Buffet Forbes profile

Dave Ramsey website

Joe Asamoah's BiggerPockets profile

GC Real Estate

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-581

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

580: BiggerNews March: How a Surge of Foreclosures Will Impact the Housing Market w/Auction.com’s Daren Blomquist Mar 08, 2022

The word “foreclosure” is forever stained in the minds of almost every American who lived through the great recession. News stories in 2010 would talk about the slew of families that had been foreclosed on, with big banks taking back property from a significant number of former homeowners. Fast forward twelve years and many real estate investing fortunes have been made on the backs of foreclosure sales. Is this chance coming back once again in 2022?

Joined with us today for this month’s BiggerNews is the David Greene and Dave Meyer duo plus special guest, Daren Blomquist, VP of Market Economics at Auction.com. Daren knows the foreclosure market inside and out, spending his days studying and analyzing housing market data. With the newest “surge” in foreclosures, Daren is here to quell the mind of investors who are either hoping for (or dreading) another foreclosure crisis.

Back in early 2020, the US government imposed a foreclosure moratorium and a nationwide forbearance program, allowing citizens to hang on to their homes a little longer. As the economy shifts back into gear, and the moratorium ending, will we see a surge in foreclosures? Or, has price appreciation gifted so many homeowners with equity that foreclosures aren’t even on the horizon? Whatever the answer is, Daren can help you, the investor, plan for your next money-making move.

In This Episode We Cover:

Announcing who the new BiggerPockets Podcast host is!

The mass migration of homebuyers out of their local metros and into new surroundings

Zillow’s newest “SuperApp” that plans to replace realtors

How the 2010 foreclosure crisis compares to today and what would bring a new wave of foreclosures

Why foreclosures are up a whopping 97% as we head into 2022

Investing in foreclosures and how to score deals before they hit the market

And So Much More!

Links from the Show

BiggerPockets Real Estate Podcast on Apple Podcast

Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder

BiggerPockets Podcast 353: Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode

Dave Meyer's Real Estate News

Dave Meyer's Instagram

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-580

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

579: The Secret Sauce Behind Short-Term Rental Success (Part 2) w/Rob Abasolo Mar 06, 2022

You can build wealth with short-term rental investing quite easily. All you need is a great location, a solid property, a good strategy, some phenomenal cleaners…wait maybe it isn't all that easy. But it’s certainly doable if you’re willing to put in the time, effort, and work to make your vacation rental stand out from the rest. This is exactly what investorsDavid Greene and Rob Abasolo are doing with their current partnership—buying luxury homes and turning them into once-in-a-lifetime getaways for wealthy vacationers.

But maybe you’re not ready to drop a few million on a multifamily mansion. Even so, you can still make a phenomenal return in the short-term rental space, you just need to know how to do so. Back in episode 578, David and Rob walked through the first three steps in their short-term rental success strategy. Steps like finding a short-term rental market, choosing your location, and defining your strategy.

In this part two episode, David and Rob walk through the more granular steps to getting your vacation rental up and running. Steps like what property type works best for which investors, understanding your timeline so you can build wealth while obtaining financial freedom, and divvying up work between you and your partners (or investors). Follow all five (six) steps in this episode, and you’ll be on your way to cashing in the profits from your vacation venture!

In This Episode We Cover:

The four main types of short-term rental properties and the benefits of each

How to mitigate your investing fears so you and your partners can move with confidence

Understanding not only your cash flow goals, but your long-term equity goals as well

Laying out clear roles and responsibilities for each partner in the investment

How to cautiously bring in outside investors on your vacation rental deals

And So Much More!

Links from the Show

BiggerPockets Events

BiggerPockets Podcast 578: The Secret Sauce Behind Short-Term Rental Success (Part 1) w/Rob Abasolo

Invest With David Greene

Robuilt YouTube Channel: This is exactly how much your property will make on Airbnb

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-show-579

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

578: The Secret Sauce Behind Short-Term Rental Success (Part 1) w/Rob Abasolo Mar 03, 2022

Short-term rentals have taken the world by storm. Over the past two decades, the bed and breakfast type business has fallen prey to the more scalable short-term rental model. Real estate investors quickly realized that they could capitalize on the long-term equity gain of rental properties with the cash flow of hotels in one highly-lucrative asset class. Thus, the rise of the short-term rental, VRBO, and Airbnb investor was born.

Arguably the most notable short-term rental investor in the space today is good friend of the show, Rob Abasolo. Rob is such a pioneer in the short-term rental investing area, that veteran agent, broker, and investor David Greene, has partnered up with him to collectively build their cash-flowing, equity-increasing empire together. With dozens of deals under both of their belts, Rob and David walk through the five steps that it takes to find success in the short-term rental space.

This episode is split up into two sections, with the latter coming out right after this one. In this show, Rob dives deep into finding a short-term rental market that fits your needs and goals, choosing a location that specifically benefits you as the investor, the different types of short-term rentals, and how to build a vacation rental strategy that will match your goals for financial independence. Whether you’re thinking of buying a snowy chateau or a desert domicile, Rob and David will help you put the pieces together so you can build a strong portfolio that will benefit you for decades to come.

In This Episode We Cover:

Choosing a short-term rental market and what aspects to look for

Cash flow vs. appreciation and which matters more when it comes to STR investing

The four types of short-term rental markets and which have the best chance of success

Seasonality and factoring it into your revenue and profit calculations

The risks of investing in vacation rental markets and how to scale your portfolio faster

And So Much More!

Links from the Show:

Brian Chesky's Linkedn profile

Julian (San Diego, California) town profile

Eureka Springs City (Arkansas) profile

Waco City (Texas) profile

Chip and Joanna Gaines HGTV profile

Copperopolis Town (Calaveras County, California) profile

Destin City (Florida) profile

Gatlinburg City (Tennessee) profile

Great Smoky Mountains

Robuilt YouTube Channel: HOW MUCH MONEY MY TINY HOUSES MAKE and why Airbnb is the best way to make passive income

Robuilt YouTube Channel: This is exactly how much your property will make on Airbnb

Check the full show notes here: https://biggerpockets.com/blog/biggerpockets-podcast-578

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

577: Cutting Your Tax Bill, Investing in Different Markets, & "Investor Pressure" | Coaching Calls Mar 01, 2022

Should you invest in multiple real estate markets? How can real estate investors lower their tax burden? And, how do you handle all the pressure and stress that comes with success? These are just a few of the questions that live listeners asked top real estate agent, investor, and BiggerPockets Podcast host, David Greene. As per usual, David uses this coaching call as a way to answer questions from rookies and experienced investors, without any preparation.

You’ll get to hear firsthand how David answers questions like how to find your real estate tax expert, should you focus on one market or expand into multiple, what are the best real estate books to develop an “investor mindset”, and how do 1099 workers find financing? Regardless of the stage of real estate investing you’re in, all of these questions can help you develop your investing muscle so you can crush bigger deals and keep more of your hard-earned profit.

Have you heard of a real estate investing topic that you want David to go into more detail about? Is there a specific question you want answered by an industry expert? If so, be sure to follow David on Instagram (@davidgreene24) to see whenever he goes live for a Q&A session. Or record your question and submit it here!

In This Episode We Cover:

Accelerated depreciation and using it to substantially lower your tax bill

Finding a real-estate specific CPA that allows you to do more with your current portfolio

The pros and cons of investing in different markets and the strategies for each

Developing your investor mindset and having the courage to act when opportunities present themselves

Dealing with the pressure and stress that comes with investing and leading teams

How to finance real estate investments without having W2 income

And So Much More!

Links from the Show

Submit your Question for an upcoming Seeing Greene episode!

Biggerpockets Pro Membership

David Greene's Real Estate Team

BiggerPockets Ask your Questions Live

Biggerpockets Youtube Channel

Brandon's BiggerPockets Profile

The Dark Knight Rises

Blackstone

BiggerPockets Real Estate Podcast on iTunes

David's One Brokerage

Check the full show notes here: https://biggerpockets.com/show577

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

576: Short-Term Rental Roundup: Small Markets, Partnerships, & When to Go “All In” | Q&A w/Rob Abasolo Feb 27, 2022

The short-term rental market seems to get bigger and bigger every day. This should come as no surprise, seeing that short-term rentals not only work for vacationers, traveling business people, or anyone else who wants a nice, unique place to stay. But, while the rest of the world is focusing on which mountainside chateau they’re booking for their weekend getaway, real estate investors worldwide are figuring out how they can buy, rehab, furnish, and profit from these vacation rental ventures.

With so much competition in the market, it begs the question: is the short-term rental space becoming oversaturated?And, if it is, how can investors get on the ground floor of sleepy markets that will explode in popularity over the next decade or so? Of course, with questions like these, we need our short-term rental and wave-hair-styling expert, Rob Abasolo at the side of Sir BRRRR himself, David Greene.

In this Q&A episode, David and Rob will discuss a handful of topics, mostly centered around short-term and vacation rentals. Topics like: how to mix a long-term rental and short-term rental in one property, how to market outside of the top short-term rental platforms, can you convert a regular rental into a vacation rental, and the pros and cons of real estate partnerships.

In This Episode We Cover:

Buying mixed-use properties so you can combine long and short-term rental advantages

Whether or not the short-term rental market is starting to see saturation

How to adjust cleaning fees to optimize your booking rate

Converting a long-term rental into a short-term rental (and the time it takes to do so)

What to do when you can’t find comps (comparable rents) in your area?

The pros and cons of real estate partnerships and what to do before you join forces

And So Much More!

Links from the Show

BiggerPockets Podcast 453: Live Q&A with Brandon and David: Risk, Partnerships, Inspiration and Opportunity of Real Estate

VRBO

Airdna Rentalizer

Julian Gonda's Instagram

Join us for our Q&A Shows and ask your question

Invest With David Greene

BiggerPockets YouTube Channel

Click here to check the full show notes: https://www.biggerpockets.com/show576

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

575: Killer Cash Flow with This “Tenant-First” Section 8 Rental Strategy w/Joe Asamoah Feb 24, 2022

Section 8 BRRRR investing seems like a niche within a niche. To start, you have your classic BRRRR strategy (buy, rehab, rent, refinance repeat), a method that many real estate investors have used to gain vast amounts of equity in short amounts of time. Then, on top of the BRRRR, you have section 8 rentals, which many investors stray away from. Both of these investment strategies can be thought of as “advanced” rental property investing methods, but combining them can almost automatically guarantee you phenomenal rent, for years (if not decades) to come.

One investor known for his expertise in both section 8 rentals and BRRRR investing is Dr. Joe Asamoah. Regularly, Dr. Joe may be the smartest person in the room and he really shines when speaking about the often forgotten benefits of section 8 rentals. While many investors simply think of D-class houses and D-class tenants when accepting section 8 vouchers, Dr. Joe disagrees.

His theory is simple—Find C or D-class properties in B-class neighborhoods, and rent to A-class section 8 tenants. The payoff? Very long-term tenants with guaranteed rent whose lives you can benefit directly. And Dr. Joe isn't just hypothesizing about this—he’s been doing this for decades and may be why he has tenants who have stayed with him for over twenty years, paying rent every month, on time.

In This Episode We Cover:

Before and after photos of Dr. Joe’s most recent section 8 BRRRR rental

Renovation hiccups when doing large renovations/BRRRR deals

The “bedroom-to-cash-flow” ratio that makes section 8 a lucrative choice for investors

How to find the highest quality, long-term tenants in your investing area

Building multiple exit strategies out of one property for maximum cash flow and equity gain

The most common BRRRR risks and how to mitigate appraisal and tenant headaches

And So Much More!

Links from the Show:

BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah

BiggerPockets Podcast 498: Real Deal: BRRRR Deep Dive w/ Joe Asamoah (Pt 1)

AffordableHousing.com (formerly GoSection8.com)

Craigslist

David Greene's Instagram David

David Greene Real Estate YouTube Channel

Robert Abasolo's Instagram

Robert Abasolo's Robuilt YouTube Channel

Robert Abasolo's TikTok

Check the full show notes here: https://biggerpockets.com/show575

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

574: Rising Rates, Rentals vs. Primary Residences, and Common Crash Indicators | Coaching Calls Feb 22, 2022

If a housing bubble is on the horizon, how best do real estate investors prepare for the massive hit they’re about to take? With so much money flowing throughout the economy, home prices hitting record highs, and competition staying fierce, what can the average investor do to stock up so when a housing market crash does happen, they’re ready to make big moves? David Greene, may have an answer.

Although many people see David as a real estate fortune teller, he, unfortunately does not bring his crystal ball (unless you count his shiny bald head) onto today’s coaching call episode. Lucky for us, he does bring over a decade worth of knowledge from investing in many different phases of the real estate cycle. David is thrown questions from live guests today, without any preparation or information besides his own knowledge.

Topics on today’s show range from when to buy a primary residence vs. buying a rental property, outsourcing your tasks so you can grow your portfolio, what will happen when interest rates rise this year, housing bubble indicators, and finding honest contractors. If you’re looking to invest in real estate, whether this year or within the next decade, David’s thoughts on surviving and thriving in a housing crash could make you much, much wealthier!

In This Episode We Cover:

Whether to pay rent and buy a rental property or buy your first primary residence

Bridge loans and raising private capital from investors in your network

Enforcing the principles of Who Not How to grow your business faster and smarter

Avoiding the housing market hysteria that many investors are facing today

The leading indicators of a housing market crash (and how to see them before others do)

How to avoid untrustworthy contractors and keep the quality ones around

And So Much More!

Links from the Show

Submit your Question for an upcoming Seeing Greene episode!

Biggerpockets Pro Membership

David Greene's Real Estate Team

Henry Washington's BiggerPockets Profile

BiggerPockets Ask your Questions Live

Check the full show notes here: https://biggerpockets.com/show574

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

573: BiggerPockets Podcast 573: Rental Arbitrage, Out-of-State Investing, & Home Loans You've Never Heard Of | Q&A w/Henry Washington Feb 20, 2022

Financial freedom is the “why” behind almost everyone getting into real estate investing—but sometimes not for the right reason. We all want more time to spend with our families, doing things we love, and having autonomy over our own lives without having to worry about making money to live. This is all well and good for investors getting a delayed start on their investing journey, but what about the young investors, the ingenuitive investors, or those who could give so much more than they get?

This is just one of the topics that your hosts David Greene and Henry Washington get into today, as they take live questions from BiggerPockets listeners without any prep, research, or outside factors coming into play. You’re getting a direct line into the mind of two of the best investors (and podcast hosts) around so you can see their struggles, landlording pains, and decisions behind their investing careers.

In this show, we especially get into topics such as: building a real estate portfolio from scratch, non-QM loans and their big benefits for investors, when to stop buying rentals and focus on paying off your portfolio, finding off-market deals, and the classic cash flow vs. appreciation debate for long term wealth. This episode features both rookie investors and investors already seeing success through real estate. If you invest in real estate (or want to), this is the place to be!

In This Episode We Cover:

Investing locally vs. investing out-of-state to capitalize on lower housing costs

Portfolio loans, non-QM loans, and other flexible financing for real estate investments

When to stop buying rentals and pay off the ones you already own

Whether or not to allow rental arbitrageurs to lease your rental properties

Cash flow vs. appreciation and how this personally impacts your growth

How to build relationships with commercial brokers so the deals come to you

And So Much More!

Links from the Show

BiggerPockets Podcast 366: 40 Doors in the First 2 Years with Henry Washington

ListSource

PropStream - Real Estate Investment Software

Live Questions

Click here to check the full show notes: https://www.biggerpockets.com/show573

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

572: The Super Repeatable Path to Real Estate Wealth (No Experience Needed!) w/Erika Brown Feb 17, 2022

Do you need to be rich to buy a rental property? Arguably, no. In reality, you don’t need a lot of experience, know-how, or cash on hand to buy your first income property. But, you need to at least be resourceful, take advantage of your opportunities, and have the tenacity to follow through on your goals. If you have all those qualities, you may be a great real estate investor, or maybe you’re today’s guest, Erika Brown.

Erika wasn’t raised by real estate investors. No, this was a skill she had to learn completely on her own. In fact, she learned the real estate sales skill without even knowing it! When Erika moved to a new neighborhood in the Atlanta, Georgia area, she was consistently convincing friends to buy properties around her home. She passed these leads along to a local real estate agent until she realized she was casually handing over six figures in commissions.

So, she went ahead and got her real estate license, and later turned a pocket listing into her first real estate investment. From there, she saw a profitable path laid out, all she needed was the partners, lending, and work to actualize it. Now, Erika is sitting on a sizable real estate portfolio, building purposeful and profitable businesses so she can employ members of her community and lead the wealth generation movement in her circle!

In This Episode We Cover:

When part-time agents should make the jump to full-time work (and how to do it)

Quitting the corporate lifestyle to take on more risk as a real estate investor

Cashing out retirement accounts to fund your first (or next) deal

Getting around common real estate roadblocks that lead rookie investors to fail

Having a “purpose-first” business model so you can build wealth and upgrade your community

Why every investor must “do what the wealthy do” to succeed in real estate

And So Much More!

Links from the Show:

BiggerPockets Live Q&A

BiggerPockets Conference

TEDx Talks: How to Succeed at Doing Anything | David Greene | TEDxRoseville

The Last Dance - A docuseries that chronicles the rise of superstar Michael Jordan and the 1990s Chicago Bulls

Peerspace

Facebook Groups

Check the full show notes here: https://www.biggerpockets.com/show572

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal Feb 15, 2022

Real estate underwriting isn’t a commonly used term within the residential world. If you’re used to dealing with single-family homes, duplexes, triplexes, or quadplexes, you’ve probably done real estate underwriting to some degree, but you’ve called it “real estate analysis”. In both scenarios, investors are looking at what they’ll make on a deal, how much they need to invest, and what exit strategies they have.

But, in a hot housing market, like we’re in today, by the time you analyze a deal, a deal may already be gone. You need a way to quickly sort deals into the “pursue” or “dump” piles, and Andrew Cushman, expert multifamily investor, may have just the solution for you. Andrew has been on the BiggerPockets podcast before and manages over 2,600 units, so he definitely knows what he’s talking about!

Today, Andrew showcases the phase one underwriting he uses to decide quickly on deals, as well as the four levers to look at before even getting into underwriting. His system can save you hours, or even days, if you’re a full-time investor, and it helps rookie investors quickly analyze deals so they can get into the game. Now, residential owners can transition into commercial real estate with better scale and bigger profits.

In This Episode We Cover:

How Andrew scaled from zero to 2,600 units in only ten years

The basic screening process that allows you to triage your deals and waste less time

Four levers every investor should look at when analyzing a new deal

The six factors of phase one multifamily underwriting and using it to unlock “home runs”

Developing and nurturing broker relationships so you can get off-market deals before your competition

And So Much More!

Links from the Show

BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene

BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman

BiggerPockets Podcast 270: Turning Your Primary Residence Into 40 Units & Financial Independence with Amy Arata

How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman

Hal Elrod's Website

Submit your Question for an upcoming Seeing Greene episode!

CoStar

ESRI

LoopNet

Invest with David Greene

Check the full show notes here: https://www.biggerpockets.com/show571

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale Feb 13, 2022

Your rental portfolio can either be your ticket to financial freedom or a massive headache, but it’s completely up to you, the investor, to decide. Many investors who have been stacking up properties over the past few years now realize they’re sitting on a significant amount of equity. But what is the best way to use this equity without raising your stress levels in the process? Should you buy more units or focus on getting better, smaller, cash-flowing deals?

David Greene is here to help alleviate you from the decision-induced stress, as he’s been dealing with these exact types of questions personally and with many of his buyers recently. In this Seeing Greene episode, David takes answers from BiggerPockets listeners both in video and written form, discussing topics ranging from scaling your real estate portfolio, outsourcing “heavy” tasks with a virtual assistant, and whether to cash-out refinance or use a HELOC(home equity line of credit).

David also answers the age-old question of whether or not unit count matters when it comes to cash flow and long-term wealth building. You may be surprised to hear that many investors' “unit counts” don’t accurately reflect the size of their personal holdings. You’ll also get advice on how to find a great real estate agent from one of the top agents in the country!

If you’d like to ask David a question, be sure to submit yours here!

In This Episode We Cover:

How to grow your real estate portfolio in spite of fluctuating market conditions

Using virtual assistants to outsource the repeatable, “heavy” tasks on your plate

When the right time to sell an investment property is (especially with HIGH appreciation)

Transferring a rental property from your LLC into your personal name, and the implications that come with it

The two types of agents and which one you should use for buying investment properties

HELOCs vs cash-out refinances and the specific uses of both

And So Much More!

Links from the Show

Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder

BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?

BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

Click here to check the full show notes: https://www.biggerpockets.com/show570

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

569: Rich Dad's CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright Feb 10, 2022

If you’re asking your CPA how to not pay taxes, this may be the perfect episode for you. In fact, this episode is geared towards anyone making money in real estate, and listening could save you a massive amount in taxes over your lifetime. But isn’t tax reduction only for the ultra-rich? How can the average, everyday investor who has one, two, or a dozen rentals keep more of their capital so they can invest in more deals?

Tom Wheelwright is the exact man to ask this question to. He’s so good at what he does, that he’s been advising Rich Dad Poor Dad’s Robert Kiyosaki for decades. Tom is dedicated to minimizing the tax burden that he and other investors suffer from. If you’ve read Rich Dad Poor Dad, a lot of Tom’s strategy will sound familiar, but in reality, it’s what all intelligent investors are doing.

In today’s episode, Tom walks through the biggest areas where real estate investors can cut their tax bills, how to generate losses through depreciation, building an investment system, and the five steps to eliminating income tax from your real estate deals. If you make money in real estate, no matter how, this is information you can NOT live without.

In This Episode We Cover:

Why rich investors pay fewer taxes than those who are employed or self-employed

Tax incentives vs. loopholes and why one is risky and the other is celebrated

Where investors can look to greatly reduce their taxable income

How real estate debt gives investors far less risk in their deals

Deprecation, recapture, and how real estate gives you a leg up on income tax reduction

Whether or not you should hold a real estate investment in an LLC

And So Much More!

Links from the Show:

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

Amazon

The CASHFLOW GAME by Robert Kiyosaki

Invest with David Greene

The Real Estate Strategies Podcast with Ken McElroy: QUITTING Your 9-5 for Real Estate Investing (with BiggerPockets' David Greene)

Ken McElroy's Official Website

Robert Kiyosaki's Official Website

Listen to the full episode: https://www.biggerpockets.com/show569

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

568: BiggerNews February: Analyst Who Predicted '07 Crash Sees "Yellow Flags" w/ Ivy Zelman Feb 08, 2022

The housing market is an evolving beast that almost no one can accurately map. With so many investors on opposite sides of the fence when it comes to housing market crashes and corrections, it’s nice to hear the thoughts of someone who has accurately predicted past crashes. We’re honored to have Ivy Zelman from Zelman & Associates on today to discuss the modern housing market, supply chain shortages, and overbuilding problems.

Zelman accurately predicted the 2007 housing market crash and has been on the front line of analysis and forecasting when it comes to all things housing market-related. She’s seen the data firsthand and has a broad understanding of which factors specifically impact prices, demand, and overall availability. David Greene and Dave Meyer take some time to ask her the top-of-mind questions that investors and first-time homebuyers want answered.

If you’re planning on purchasing real estate in the next year or two, it may be best to get Zelman’s opinion before putting in your offer. She’s seeing multiple “yellow flags” that may signal stark changes within the housing market, either allowing you to scoop up better deals in the near future or at least mitigate loss when buying at these record-high prices.

In This Episode We Cover:

The similarities between the 2007 housing market and today’s housing market

Affordability and how it greatly impacts both buying and selling behavior

The “overbuilding problem” we’re seeing with many multifamily developers

Supply chain problems, labor shortages, and other factors impacting new construction

Who should (and should not) buy real estate over the next couple of years

And So Much More!

Links from the Show

BiggerPockets Jobs

Cradle to Grave by Zelman & Associates

National Association of Realtors (NAR)

Listen to the full episode: https://www.biggerpockets.com/show568

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties Feb 06, 2022

The 1% rule, HELOCs, BRRRRs, cash-out refinances, and cash flow are all topics on this episode of Seeing Greene. As always, you’ll be joined by our jiu-jitsu loving, metaphor-creating, top-tier agent and investor, David Greene as he takes questions submitted via video, on YouTube, and through the BiggerPockets forums. With so many new investors getting into real estate, there is no better time than now to sit down, relax, and get into the mind of an expert.

If you’re a rookie figuring out how to get financing for your first real estate deal or a veteran investor debating cash flow vs. appreciation and the usability of the 1% rule, be sure to stick around. David touches on all these topics and more as he dives deep into some of the most asked questions around the real estate community.

You’ll hear about out-of-state investing, the best real estate investment for cash flow, the implications of partnering with a romantic partner, ADUs (attached dwelling units), and how to get around the dreaded six-month seasoning period of cash-out refinances. If you’d like to ask David a question, be sure to submit yours here!

In This Episode We Cover:

Securing financing when you don’t have any deals under your belt

Whether to use a cash-out refinance or HELOC (home equity line of credit) on your next BRRRR

Whether or not triple net lease properties are worth investing in and the risks

Why David changed his stance on cash flow vs. appreciation over the past few years

Whether or not the 1% rule is still viable for modern real estate investors

How to get around the six-month seasoning period of refinances

And So Much More!

Links from the Show

BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?

BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?

Click here to check the full show notes: https://www.biggerpockets.com/show567

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

566: 10 Properties in 8 Months by Saying “No” More Than “Yes” w/Jason Rash Feb 03, 2022

How many rental properties do you own? It could be one or one hundred rentals. But, whether you’re a rookie or veteran real estate investor, it’s hard to not be impressed by Jason Rash’s story. Jason has put off investing in real estate for most of his working life, focusing more on passive income streams like investing in stocks. This all changed when Jason saw tens of thousands in stock value disappear from his accounts.

He wanted something more reliable, stable, and calculated that he could control. Of course, real estate investing fits that criteria exactly. So what did Jason do? Did he go and buy one rental, wait a few years, and then try to buy another? Nope. Jason went and bought ten properties over the span of eight months. That more than one property a month within his first year of investing!

Be warned, there is a method to this madness. Jason has a tight control on his long-distance investing, having only the best agents, property managers, plumbers, electricians, and contractors on speed dial. This wasn’t a system he fell into, this was a system he intentionally built. Jason shares his six-part criteria that any new investor can use, especially when trying to minimize headaches and maximize cash flow.

In This Episode We Cover:

The huge competitive advantage of having local knowledge and a core four

Lowering your property management fee while creating a win-win for both parties

Seller credits and using them to finance house repairs and upgrades

Fighting off “shiny object syndrome” so you can stay focused on your goal

Jason’s six-step criteria to buy headache-free houses when investing from a distance

Building a scalable, repeatable, simple system for finding, funding, and closing on great deals

And So Much More!

Links from the Show:

TEDx Talks: How to Succeed at Doing Anything | David Greene | TEDxRoseville

David Greenes's Instagram

Grant Cardone's Website

Check the full show notes here: https://www.biggerpockets.com/show566

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

565: How to Take the Fear Out of Investing in New (or Bigger) Deals w/Bestselling Author Kindra Hall Feb 01, 2022

Analysis paralysis is always lurking. Even the most experienced investors feel it before they pull the trigger on a new deal, business, or strategy. It’s not to say that careful consideration of an investment isn’t a crucial requirement to success, but the mental stuttering we feel when trying to make a decision can leave us in a foggy stupor. When we feel like this, we do fewer deals, build less wealth, and live our lives half full.

Kindra Hall, bestselling author, master storyteller, and real estate investor knows this feeling all too well. She watched her husband struggle with analysis paralysis during the mass foreclosures of the great recession. Thankfully, she and her husband took the time to catch, analyze, choose, and install a better outlook, or story, for their investing future. This type of mental mechanism allowed Kindra and her husband to grow their real estate holdings and buy the beach house of their dreams.

In today’s episode, Kindra outlines the four steps every investor needs to go through to create better mental stories that will push you to the finish line, instead of keeping you in investing anxiety. If you’re still waiting to purchase your first investment property, we recommend taking this advice to heart, trying it out, and taking action!

In This Episode We Cover:

The stories we outwardly and inwardly tell ourselves that could hurt our success

How to crush hesitation so you can make the right decision faster

Shrinking limiting beliefs about what we can and can’t do

The four-step process to redesigning your story and installing a new one

How Kindra got a $1M+ beach house for well under asking price

And So Much More!

Links from the Show

BiggerPockets Jobs

Holmes on Homes (TV Series)

Craigslist

Amazon

Barnes and Noble

Robert's Youtube Channel

Check the full show notes here: https://www.biggerpockets.com/show565

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

564: Difficult Tenants, Taking on Investors, & Leaving a Safe Job for Real Estate | Q&A w/Rob Abasolo Jan 30, 2022

Bad tenants? Funding hiccups? Scaling too fast? These are just some of the problems real estate investors have to deal with every day. What’s the prize for all this work? Financial freedom, personal fulfillment, and the time to do what you want, with who you want, wherever you want! It’s no surprise that real estate investing is one of the best ways for the average person to build wealth. But what do you do when things go wrong?

Expert investor, agent, lender, and podcast host, David Greene, is joined by short-term rental pioneer and YouTube personality, Rob Abasolo, to answer questions from rookie and veteran investors. These questions are thrown at our experienced hosts without any prep, allowing them to come up with quick solutions that could answer a question you’ve been wishing someone would ask.

David and Rob touch on topics that almost every investor will deal with, such as: how to take on private money for the first time, creative ways to fund your rehab, tips for setting up a short-term rental, when to quit your job and pursue real estate full-time, and how to get rid of headache tenants.

In This Episode We Cover:

Should you own real estate in an LLC or in your personal name?

How to legally (and ethically) raise private capital for real estate deals

The best ways to fund a rehab, especially when you’re low on cash

The biggest mistake that short-term rental hosts make when setting up their first rental

Valuing your time vs. money and when to quit your W2

Inheriting tenants and what to do when renters won’t pay on time (or at all)

And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show564

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

563: W2 Retired and Traveling the World with Just 15 Units w/Sarah Weaver Jan 27, 2022

Long-distance investing may sound like an impossible feat to achieve for many investors. What if something goes wrong in the house? What if something needs fixing? What if there are problems with tenants? As today’s guest Sarah Weaver puts it, “do nothing”, your core four can handle it all so you don’t have to stress.

Sarah knows what she’s talking about—she’s been a nomadic landlord for years now, teaching agents and investors how to grow their businesses while living their dream life. Sarah was able to close on twelve units while operating abroad and working remotely. She was buying fourplexes while hiking in New Zealand, landlording while on the beaches of Bali, and growing her businesses while enjoying everything South America had to offer.

Sarah embodies the exact type of life so many investors are looking for. The difference between most investors and Sarah? She let go of fear and kept her goals in mind, no matter what she was doing. This way, she’s been able to retire off of fifteen rental properties in less than a decade while running her own business, traveling, and really doing whatever she wants!

In This Episode We Cover:

Really long-distance investing and how your boots on the ground team make it possible

How to find an investor-friendly agent that will provide big value to your business

What agents need to know before they start working with real estate investors

Having a crystal clear criteria and using it easily find real estate deals

Medium-term rentals that provide less risk and more rent than long-term rentals

The long-distance BRRRR and using it to invest in affordable areas

Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder

And So Much More!

Links from the Show:

Hospitable (formerly Smartbnb)

Keller Williams Website

Personal Capital

Robert Abasolo's Instagram

How to Use the DISC Profile to Communicate Effectively in Business , an article by David Greene

Robert Abasolo's TikTok

Craig Curelop's BiggerPockets Profile

Matt Faircloth’s BiggerPockets Profile

Check the full show notes here: https://www.biggerpockets.com/show563

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

562: How to Make 2022 Your Best Year Ever Jan 25, 2022

“How to invest in real estate?” is a commonly searched-for term across the internet. With home prices continuing to climb and inventory staying low, more people want to know how it’s possible to buy real estate in turbulent times like 2022. It’s no surprise there’s been an uptick in investors—real estate offers consistent, reliable returns, paired with big tax benefits and the ability to scale with ease.

But don’t you worry, we’re not going to make you go through all the trips and stumbles uneducated investors have to face. David Greene, host of the BiggerPockets Real Estate Podcast, has made these mistakes for you, so you can achieve financial freedom faster and with less stress.

David shares eleven powerful tips that you can use to make 2022 your best investing year yet! He also provides examples from his own investing career on what you should (and should not) do when getting your footing in the investing world. If you pair this information with daily consistent action, you’re in for a phenomenal 2022 (and beyond)!

In This Episode We Cover:

Eleven powerful tips to make 2022 the best investing year ever

Why new year’s resolutions don’t always work, plus a better way to set goals

The three keys to success in real estate, life, and business

Building out your LAPS funnel so you always have deals coming in

The best real estate investing tools that you should take advantage of

A special discount off BiggerPockets Pro just for listeners of this episode

And So Much More!

Links from the Show

BiggerPockets Pro Exclusive Videos

Biggerpockets Pro Upgrade (Code: REPOD1)

Hustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene

BiggerPockets Store

Webinar Slides

Webinar Workbook

Real Estate Investing Bootcamps

BiggerPockets's Instagram

BiggerPockets Investment Calculators

Foreclosure.com

Email: support@biggerpockets.com (for refund)

Check the full show notes here: https://www.biggerpockets.com/show562

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

561: Establishing Your “Beachhead” to Work Less and Invest MUCH More | Q&A w/Craig Curelop Jan 23, 2022

House hacking, renting by the room, co-living, boarding houses? These are all things that author, investor, real estate agent, and expert hacker of houses, Craig Curelop, is used to. Craig got his start in real estate investing by renting out rooms in his own home, having his roommates pay his mortgage for him, and eventually skating on to financial freedom.

Craig is joined by another familiar expert house hacker and real estate investor, David Greene, to answer questions around lending, leases, and the legality of raising private money. With so many new real estate rookies in the investing sphere, this episode is a great intro for anyone who’s looking to plan, start, or scale their next real estate investment.

Craig and David fire from the hip in this episode, answering questions live with topics ranging from scaling your business while keeping your free time, refinancing on a shared boarding house, raising private capital (equity vs. debt), what to expect when you house hack, and how to rent out your home in the snowy winter.

In This Episode We Cover:

Establishing your “beachhead” as an investor, business owner, or real estate agent

Strategizing your refinance when your home is less than conventional

How much interest to promise investors and when to raise capital

Planning your house hack purchase and setting up your home for multiple roommates

Precautions to take when renting out your home in the winter

And So Much More!

Links from the Show

BiggerPocket's The Ultimate Beginner's Guide to Real Estate Investing

Click here to check the full show notes: https://www.biggerpockets.com/show561

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

560: Double Your Rental Income with Co-Living Cash Flow w/Sam Wegert Jan 20, 2022

Co-living (coliving) may sound a bit scary at first to a landlord. You have a bunch of young professionals living under one roof. What if there is an argument over cleaning, what if there is a fight that breaks out, will my property be ripped to shreds? Let today’s guest, Sam Wegert, quell your fears—co-living and house hacking can rake in cash flow, with way less of a landlord headache.

Sam is no stranger to entrepreneurship and real estate investing. He bought his own martial art studio at the age of fifteen and his first rental property at nineteen years old. Now he boasts a portfolio of over twenty-two long-term rentals, ten short-term rentals, seven martial arts studios, and one online program. Even more impressive, Sam is managing over 150 different tenants throughout his thirty-two properties.

How does he do this without ripping his hair out? Well, aside from the relaxation that comes after an intense sparring match, Sam has systematized his real estate business into a cash-producing machine. He has had to build his own property management and his own policies that help keep him, and his tenants, happy. If you’re looking for your next cash cow rental investment, this could be it!

In This Episode We Cover:

Starting a business and buying property at an impressively young age

House hacking and why every young investor should try it

Keeping the peace in a co-living house and building a bullet-proof lease

What to look for when buying co-living properties (size, bedrooms, bathrooms, etc.)

The systems Sam uses to keep his rental property business running smoothly

Developing discipline to take on bigger, scarier challenges (and crush them!)

And So Much More!

Links from the Show:

BiggerPockets Youtube: BRRRR and Rent by the Room: Retire from Real Estate with few properties with Ron Gallagher

Craigslist

Facebook

BiggerPockets Podcast 392: $12,500 per Month in ‘Pure Cash Flow’ With Todd Baldwin

BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn

The Tony Robbins Podcast

Craig Curelop's Instagram

Craig Curelop's Tiktok

Life Door Rentals Website

Connect with Sam:

UpLevel Martial Arts Website

Sam's Facebook Profile

Sam's Instagram

Sam's Coliving Course

Sam's Facebook Page

Check the full show notes here: https://www.biggerpockets.com/show560

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

559: 1,000 Units as a Part-Time Nurse and the System That Helped Her Get There w/Stephanie Betters Jan 18, 2022

Real estate CRMs (customer relationship management) aren’t the most exciting things to talk about…that is until you look at the results they help build. Before building her own CRM, Stephanie Betters was struggling to grow her real estate portfolio. She had an original goal to acquire fifteen units before her children went to college, but realized that her taxing job as a nurse wouldn’t allow it. For her to hit fifteen units, she would have to scale, automate, and delegate tasks.

She did just that and overshot her goal by a significant margin. As of now, Stephanie has 1,000 rental units and is wholesaling and building another 200 deals per year. She’s doing all of this while working as a part-time nurse, which truly shows her real estate system is a well-oiled machine. But, this system wasn’t just dropped into her lap, she had to build it herself using Salesforce as a base.

If you’ve been thinking about scaling your business, no matter what stage you’re at, Stephanie has recommendations for how to do so in the best way possible. This includes systems for the novice investor/house hacker up to the streamlined syndicator and everything in between.

In This Episode We Cover:

Incorporating “real estate tech” at each stage of your investing journey

Using CRMs like salesforce to automate your entire business

Hiring, training, and leading a team of virtual assistants (foreign and domestic)

“Lead leakage” and how it could be costing you thousands every month

The three most important KPIs every investor should be tracking

Text, email, and other outreach-type automations that will save you time

And So Much More!

Links from the Show

BiggerPockets Business Podcast

BiggerPockets Business Podcast 80: Turning Problems Into New Income Streams With Stephanie Betters

Craig's BiggerPockets Profile

Left Main

Blinkist

Check the full show notes here: https://www.biggerpockets.com/show559

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate? Jan 16, 2022

Cash flow is arguably the most important metric in real estate investing…that is if you’re talking to novice investors. Expert investors, like David Greene, know that cash flow is but one of many factors to consider when buying a rental property, and it’s arguably the least important. While rookie investors focus on building their cash flow, veterans focus on building their wealth while freeing up their time.

On this week’s episode of Seeing Greene, your jiu-jitsu and real estate sensei is back to drop some wealth-building bombs so you can work less, live more, and lead a happier life. David takes questions in the form of video submissions as well as questions off of the BiggerPockets forums. The topics of these questions range from HELOC (home equity lines of credit), buying rentals without a W2, cash flow vs. appreciation, and why rent appreciation isn’t matching home appreciation.

Want to ask David a question? Send in your video submission here!

In This Episode We Cover:

When to use HELOCs, hard money loans, or conventional loans to buy rentals

How to find financing for a rental when you don’t have W2 income

What sellers look for when deciding on which offer to take

How to lower your DTI (debt-to-income) ratio so you can qualify for more loans

Whether or not to focus on cash flow or appreciation for long-term wealth building

Why rent growth cannot and will not match home price appreciation

And So Much More!

Links from the Show

BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?

BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

Click here to check the full show notes: https://www.biggerpockets.com/show558

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

557: Raising Millions of Dollars (and 8 Kids!) After Dumping Her Day Job w/ Esther Reizes-Lowenbein Jan 13, 2022

Raising capital for real estate investing is a far more useful skill than most people realize. If you have a strong knack for networking and the social skills to connect with many different individuals, you could be the exact piece that almost every investor is looking for. As more investors get into the hot commercial real estate market, they’ll need private capital to fund their deals. So who better than you to connect the investor and the deal finder for a piece of the cash flow pie?

If you’re worried about the time commitment of raising capital, let us introduce you to Esther Reizes-Lowenbein, who not only worked as a broker, capital raiser, and investor but also is raising her eight children while doing it. Fortunately for Esther, raising capital is something she loves to do, as she has a strong communication background with her former training in speech pathology.

If you’re getting the itch to start investing in bigger deals, but don’t know how to get started, Esther can help. She walks through the different roles in commercial real estate, whether to invest, syndicate, or stick with small deals, and how to become a capital raiser yourself (the right, legal way).

In This Episode We Cover:

General partners, limited partners, and every commercial real estate role in between

Whether to invest, syndicate, or continue to buy small deals yourself

How to legally (and ethically) become a great capital raiser

The biggest mistakes commercial brokers make early into their career

The hottest property types and which you should look into for 2022

The Achilles heel of most short-term rental deals

And So Much More!

Links from the Show:

BiggerPockets Podcast 518: The Biggest Takeaways from BPCon 2021 | Live Host Panel from NOLA

BiggerPockets Podcast 366: 40 Doors in the First 2 Years with Henry Washington

BPCON2021 - New Orleans

Henry Washington's Instagram

Check the full show notes here: https://biggerpockets.com/show557

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

556: The Most Feared BRRRR Step (and How to Get Over It) | Coaching Calls Jan 11, 2022

If you’re rehabbing a rental, performing a BRRRR, building an ADU, or even getting into new construction, now is a challenging time for you. With supply chain problems, limited materials, and all-time high housing prices, contractors are in low supply. Even when you do schedule a project, the likelihood of your contractors showing up on time can be slim at best.

David Greene is back with another round of coaching calls to give his take on this current contractor crisis, as well as answer questions on the BRRRR strategy, the turnkey rental method, going over budget, and how to stay focused when investing. If you’ve struggled at all with anything related to calculating rehab budgets, liens on properties, and managing contractors yourself, be sure to write down David’s suggestions.

Have a question about real estate investing you want to ask David? Want to help other investors in your position? Submit your question here!

In This Episode We Cover:

Whether or not the turnkey rental model is built to scale your portfolio

Why capital is crucial when investing in real estate over the long-term

Breaking down the BRRRR strategy and walking through the more difficult steps

What to do if your rehab job goes over budget (and how to make it a win!)

Backing out of a contract when a lien has been placed against a home

Where (and how) to find reasonable, timely, and available contractors

And So Much More!

Links from the Show

Submit Your Questions to David

BiggerPockets Facebook Group

Check the full show notes here: https://biggerpockets.com/show556

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

555: Buying in Expensive Markets & When to Jump Into Real Estate: Live Q&A w/Henry Washington Jan 09, 2022

If you’ve got real estate investing questions, David Greene and Henry Washington have answers. These two real estate investors have been through the good times and the bad times, dealing with dozens of tenants, plenty of 2 AM maintenance calls, and all the fun that comes along the way. Today, they open up their minds to help share answers to some of the most asked real estate questions.

These questions were taken directly from real estate investors, just like you! You’ll get to hear exactly how David and Henry answer tough questions like these, on the spot, with no preparation. If you’ve been itching to ask a question to a high-level investor like David or Henry, stick around, as they might answer your question on today’s episode!

Want to ask a question next time? Submit yours at biggerpockets.com/david!

In This Episode We Cover:

How to buy properties in an expensive market (and still cash flow!)

Whether or not you should convince a seller to owner-finance you a deal

Saving up down payments vs. using HELOCs (home equity lines of credit) to purchase your deals

When the right time to jump into real estate is (and how much you should have saved)

Whether or not you should buy a house that’s on a septic tank

How to finance more properties when you’ve personally maxed out your DTI (debt-to-income ratio)

And So Much More!

Links from the Show

Managing a property in-house vs. hiring a third-party property manager

Click here to check the full show notes: https://www.biggerpockets.com/show555

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

554: 81 Units in 3 Years: All On-Market with NO Bank Loans w/Cody Davis Jan 06, 2022

Profitable on-market properties are all around you, you just need to take the time to look. Oh, we hear what you’re saying, “all those on-market properties are bad deals!” While not all properties sitting on the MLS are home runs, today’s guest Cody Davis can confirm there are multiple cash flowing needles in the public housing market haystack.

Cody and his partner have been able to grow their portfolio to eighty-one units, all through seller financing and all found on-market. These deals not only cash flow but once paid off will allow Cody to retire not only himself but his mother as well. Did we mention that he’s twenty-one years old at the time of this recording? Another under-thirty-expert to add to our list of impressive guests!

While many investors give up after initial pushback over seller financing, Cody goes one step further by having the investor emotionally invest in his success. No tacky sales methods or pushy conversations—just honest work with a clear vision that a seller can relate to. Cody is top of his class in terms of managing properties, acquiring new ones, and working with sellers—a guest ANY investor can learn a lot from!

In This Episode We Cover:

Picking yourself up after a deal falls apart and finding another

“Relationship marketing” and how it helps sellers finance your acquisitions

Raising private capital and being sure your cash flow outweighs your debt

Having a crystal clear vision and using it to fuel all your acquisitions

Why cap rate may be an over-hyped, often useless metric when looking at commercial real estate

Finding real estate deals on-market when there are “no deals to be found”

And So Much More!

Links from the Show:

MLS (Multiple Listing Service) Website

LoopNet

The Office (TV show)

The Office Parkour in YouTube

AppFolio Property Management

Tiktok

Click here to check the full show notes: https://www.biggerpockets.com/show554

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

553: BiggerNews January: Our Top 5 2022 Housing Market Predictions w/David Greene & Dave Meyer Jan 04, 2022

It’s the new year, and that means it’s time for 2022 housing market predictions! Recently, Redfin compiled a list of their ten top 2022 housing market predictions ranging from things like interest rate bumps, to rent hikes, housing price cooldowns, and more. But, are these predictions realistic, and if so, how should investors prepare for them to come true?

David Greene and Dave Meyer are back again to take a look at five of these ten predictions and give their informed, battle-tested opinions on which have the potential to come true. Dave has spent probably every day of the past year looking at housing market data and investing himself. David on the other hand has been running multiple businesses in the real estate vertical, allowing him to see directly what is happening in the market.

With the Dave-duo back in the podcasting saddle, you’ll be able to make wiser investment decisions this year while following the “pendulum swing” of wealth-building in real estate!

Have a happy, healthy, and wealthy 2022!

In This Episode We Cover:

What happens when interest rates start to rise in 2022?

Will new listings hit a 10-year high as housing demand stays steady?

What will rent hikes look like as inflation roars onward?

Whether or not investing in condos could be the underrated real estate play of the decade

Investing in the metaverse and buying virtual real estate

Hedging inflation by making smart, informed real estate purchases

And So Much More!

Links from the Show

Submit Your Questions to David

Dave Ramsey's Website

BiggerPockets Podcast on Apple

Email Us: podcast@biggerpockets.com

Check the full show notes here: https://www.biggerpockets.com/show553

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

552: Kicking Off 2022 with Goal Setting and Live Q&A w/ David Greene Jan 02, 2022

2022 goals are coming upon us. If you haven’t done so already, it may be a great time to sit down alone, with your partner, or with other fellow investors to come up with a rock-solid game plan for this next year. We all want toacquire more units, see higher appreciation, and rake in more cash flow, but without a system and plan to catapult momentum, it’ll be hard to achieve what we dream of.

That’s why David Greene, your new head host of the BiggerPockets Podcast, is here to help you build smart, scalable, accomplishable goals so you can crush 2022 and beyond. David also invites fellow investors, business owners, and entrepreneurs onto the show to have a live Q&A about running a business, cash flow vs. appreciation, developing an investor mindset, dealing with past goals you haven’t accomplished, and accelerating your portfolio growth.

In This Episode We Cover:

David’s 2022 investing, business, and personal growth goals

How to not get bogged down in the day-to-day of your business

Keeping up the momentum throughout the year and celebrating small wins

Where to invest if you’re looking for long-term cash flow

What to do if you don’t hit your goals in 2022?

How to grow your portfolio and build capital to tackle more deals

And So Much More!

Links from the Show

BiggerPockets 2022 Wheel of Life

Click here to check the full show notes: https://www.biggerpockets.com/show552

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

551: Brandon’s Final Episode: Life Beyond Real Estate, w/ David Greene and BiggerPockets Founder Joshua Dorkin Dec 30, 2021

Brandon Turner has been an essential part of the real estate investing community for almost a decade. Some could say that he is THE person most thought of when you say “real estate investing”. But, in a both sad and happy way, Brandon is taking time off from the BiggerPockets Podcast to spend more time with his family, build his business, and surf significantly more.

Due to the magnitude of the occasion, we brought in BiggerPockets’ founder, Joshua Dorkin, to help hand off the keys to the castle to your new show host, David Greene. Brandon, David, and Josh spend this show talking about burnout, identity, the cost of comparison, wealth building, new year's resolutions and goals, and how to become a better person, bit by bit, every day.

We will miss hearing Brandon’s metaphors, jiu-jitsu references, and real estate horror stories from years ago, but we wish him the best of luck on his new ventures and hope to hear him back on the podcast soon with an update. For everyone but Brandon, stick around for new show formats with brand new co-hosts and content that you, the BiggerPockets community, have been asking for.

In This Episode We Cover:

Why burnout can be dangerous and often deceiving on your journey to success

Separating your identity from your occupation and being more than just an investor

The cost of comparison and why being content is the ultimate sign of success

The “Wheel Of Life” practice to help you analyze where you are lacking

2022 goal setting and resolutions, and whether or not they work

Advice on podcasting and taking the reins from Brandon Turner and Joshua Dorkin

And So Much More!

Links from the Show:

BPCON 2021

Hustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene

BiggerPockets Podcast 421: Family Over Everything: How Life Forced BP Founder Joshua Dorkin to Reevaluate His Choices

BiggerPockets Podcast 092: No (and Low) Money Down Real Estate Investing with Brandon Turner

The 'Birds Aren't Real' Conspiracy Movement

Derek Sivers' Website

Live with Kelly and Ryan

Check the full show notes here: https://www.biggerpockets.com/show551

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

550: BiggerPockets Podcast 550: Foreclosures, Flipping, and Creating Your Rental Property “Buy Box” w/Tommy Christy Dec 28, 2021

Tommy Christy has bought more homes than most investors you know combined. While he didn’t have to put up his own money to close on the deals, he did go through the process of lead generating, offering, auctioning, analyzing, and finally closing on them for his hedge fund employer. He was able to score twenty-seven hundred homes in just over two years, before realizing it was time for him to build his personal portfolio a bit more.

When the market crashed in 2009, Tommy saw an opportunity to buy homes at a significant discount. He was essentially buying anything under sixty thousand dollars in California, which turned out to be a good idea seeing how much the state has appreciated in the past twelve years. Tommy knows what it takes for the hedge funds to buy a great deal, but he also knows what they’re overlooking.

Even if you’re not planning on buying two-thousand plus units in two years, Tommy’s knowledge of “buy boxes” and systematizing your lead flow can help you reach a significant unit count, much faster. If you want to partner up on a deal, have a chat, or wholesale a home, get in touch with Tommy at tommy@ilovehouses.com!

In This Episode We Cover:

REOs vs. foreclosures vs. pre-foreclosures (and which you should look out for)

Creative financing and understanding which type falls into which market cycle

Developing your “buy box” and “crystal clear criteria” for real estate deals

Thinking like a hedge fund so you can beat them at their own game

How to scale your portfolio so you don’t just have more units, but less work

Where to find the best lead sources so you can buy, BRRRR, or wholesale as you see fit

And So Much More!

Links from the Show

BiggerPockets Show 551 with Josh Dorkin

David Greene's Company

Wells Fargo

Property Radar

BiggerPockets Podcast 527: 300 Doors, 100% Creative Financing with Pace Morby

BiggerPockets Podcast 543: 5 Tools To Unlock Your “Ideal Life” w/ “Traction” Author Gino Wickman

Josh Dorkin

BiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui

Jeff Brown's BiggerPockets Profile

Supermarket Sweep

Check the full show notes here: https://www.biggerpockets.com/show550

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

549: Building a $2M Portfolio While Raising 2 Kids w/ Maria Friström Dec 26, 2021

Maria Friström is an investor, designer, mother, and business owner from Finland, and she’s one of the only few people that can match Brandon Turner in height. Maria was working in Silicon Valley before she voluntarily left her position to build an empire of her own. She took her down payment savings for a primary residence and on a whim bought a rental property in Fort Collins, Colorado.

She and her husband then decided to move to Finland to raise their children. Through some challenging life events, Maria was left heartbroken and grief-stricken, with a business that became a full-time job for her. She wanted to express her creativity via design, so they decided to move back to America to flip their first rental property in Colorado.

Maria’s inspiring story is a testament to how real estate investing can pull you out of financial, emotional, and mental depths. She has built a real estate empire worth well over two million dollars and has the financial freedom to spend time where she wants, with who she wants, doing what she wants.

In This Episode We Cover:

How to build your real estate portfolio without building yourself a job

Using real estate as a hedge against high taxes

Presenting investment opportunities in a professional, efficient way

Healing after heartbreak and using your passions to bring you mental clarity

The 4 keys to raising capital for real estate investing (whether it be banks, private money, etc.)

Why you should always be willing to eat the shiz sandwich

And So Much More!

Links from the Show

Brandon Turner’s Instagram

David Greene’s Instagram

BiggerPockets Podcast 485: Atomic Habits That Help You Achieve Unthinkable Success w/ NYT Best Selling Author James Clear

How to Retire Early With Real Estate & Do What Matters More with Chad Carson

How to Use the DISC Profile to Communicate Effectively in Business

Click here to check the full show notes: https://www.biggerpockets.com/show549

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

548: How to NOT Get Scammed on Your Next “Real Estate Opportunity” w/Mike Nuss & Tyler Combs Dec 23, 2021

Your real estate partnership may be closer than you think. Maybe it’s that seller you’re talking to on craigslist, maybe it’s your home appraiser, or maybe it’s someone you meet at a sketchy real estate investing company. Mike Nuss and Tyler Combs never planned on becoming partners when they linked up to discuss a potential sale of a property. But, when fate put the two together again in the same company, they decided to split off and use their complementary skill sets to build a real estate empire.

Mike brought the acquisitions and property management side to their business, while Tyler focused on managing and selling flips. Together they brought the rocket fuel of profit and cash flow to their growing business. Now, they’ve acquired more than eighty units and aren’t planning on stopping any time soon.

Mike and Tyler built their business on the back of strong investor relationships, truthful and honest work, and the ability to find seller finance deals. With the combo of creative financing, marketing, and hard work, they’ve become real estate leaders in their area with an expanding portfolio, team, and strategy.

In This Episode We Cover:

How to vet someone who’s raising capital for a real estate investment

Combining flips and rentals to maximize growth in real estate

Using seller financing to acquire more units with less money upfront

Creative financing options like subject to, raising private capital, and more

“Land Banking” and using it to set up your portfolio for future success

Becoming a master in your field and going a mile deep on your strengths

And So Much More!

Links from the Show

BiggerPockets on Itunes

Brandon Turner’s Instagram

David Greene’s Instagram

BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan

BiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie Duke

Click here to check the full show notes: https://www.biggerpockets.com/show548

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

547: 52 Properties in 52 Weeks with Omni Casey Dec 21, 2021

Buying and selling real estate portfolios isn’t what Omni Casey was raised to think about. As a middle child in a large family, Omni was never given the “investing talk” and was often surrounded by people who thought landlords were greedy. But, Omni had the entrepreneurial spirit, and through trial and error, found real estate investing to be the most reliable, practical, scalable, and fun business around.

He started with a single “condotel” in his native state of Hawaii before branching off into out-of-state investing. For most of the past two decades, Omni never spoke about his investing career to those outside of his immediate family. It wasn’t until recently that he started the “Cash Flow Breakfast Club” for agents in his brokerage to talk about investing, financial freedom, and generational wealth.

Now, with over one hundred properties, Omni is on a mission to purchase fifty-two properties in fifty-two weeks! Although it’s not the end of the year just yet, we’re quite confident that he and his team will successfully cross the finish line.

In This Episode We Cover:

How to get into real estate when your family doesn’t openly talk about money

Finding a mentor and using their expertise to propel you forward

Purchasing real estate in expensive markets and when to value appreciation over cash flow

The questions to ask a potential property manager in a new market

Buying and selling real estate portfolios to create a win-win for both parties

2022 market predictions and why you shouldn’t depend on today’s political environment

The “Cash Flow Breakfast Club” and Omni’s new book

And So Much More!

Links from the Show:

Cashflow Board Game

Click here to check the full show notes: https://www.biggerpockets.com/show547

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

546: Flipping 30 Houses Per Year All While Keeping Wealth-Building Cash Flow w/ Noah Evans and Jeff Fawson Dec 19, 2021

Adversity tends to breed ingenuity and genius. More often than not, smart and capable individuals will find a way to use their hardships as fuel to build something better. This is exactly what house flipping, wholesaling, and rental property-owning partners Noah Evans and Jeff Fawson did.

Noah and Jeff were both following different paths to real estate success, taking on apprenticeships under investors who had already made it big. It wasn’t until Jeff was doing some work on Noah’s house that the two began talking, realizing they had the same type of past conflicts and saw each other’s strengths as their own weaknesses.

Now, they’re building a systematized, scaling real estate business, operating in multiple markets, and bringing in not only flipping and wholesaling profits but generational wealth-building cash flow. Noah and Jeff discuss how they research markets for investing, systematizing fix and flips down to a point-by-point checklist, and how to make networking beneficial (instead of a drag).

In This Episode We Cover:

Using your past struggles to fuel your future success in real estate and life

Networking in a way that truly adds value to other investors’ lives

Finding a partner who matches your weaknesses and struggles in your strengths

How to identify and research a new market for real estate investing

The systems and tools that Noah and Jeff use to run their scalable business

Paying attention to personal progress, instead of the dollar amount on a deal

How ripped BiggerPockets founder Josh Dorkin has become

And So Much More!

Links from the Show

BiggerPockets on Itunes

Chasing Freedom Website

Click here to check the full show notes: https://www.biggerpockets.com/show546

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

545: Self Storage Investing and Avoiding “Monster Houses” w/ Sergio Altomare Dec 16, 2021

Sergio Altomare didn’t start out investing in self storage. He made a massive leap, making lots of mistakes along the way until he found this gold mine of an asset class. For years, Sergio was buying small multifamily properties, one of them being a “monster house” which he later had to sell due to some serious zoning issues. Once he was introduced to syndications, he knew he could take his portfolio higher, without the headaches of large multifamily.

Now, Sergio has twelve self storage facilities, with a combined valuation of close to $40M. He’s been able to increase his equity by many, many millions with simple value-add strategies like increasing rent, paving parking lots, and installing key-accessible gates for his customers. This isn’t the regular value-add you’re used to with granite countertops and freshly tiled showers; self storage value-add can be minimal with massive results.

Sergio also dives into his long-term exit plans—something every investor should be thinking about. Are you planning on selling your properties one by one to the highest bidder, or will you package them up and walk away with a huge payday?

In This Episode We Cover:

What a multifamily “monster house” is and why you should avoid them

Zoning laws and how they can affect your long-term profit

The pros and cons of investing in self storage facilities

What to look for in self storage facilities and other types of commercial real estate

How to raise money for your deals (even if you’re a new investor)

Defining your exit plan so you can walk away rich after building your portfolio

And So Much More!

Links from the Show:

BiggerPockets on Itunes

Facebook Ads

Google ads

Radius Plus

U-Haul's Facebook page

Blackstone

Bird-in-Hand Self Storage

The Real Estate InvestHER Facebook Community

BiggerPockets Podcast 388: The 7-Step “Playbook” for Scaling Your Real Estate Business With AJ Osborne

Hearthfire Self Storage

BiggerPockets Podcast 286: $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne

Paul Moore's BiggerPockets Profile

Ashley Wilson's BiggerPockets Profile

Liz Faircloth's BiggerPockets Profile

Check the full show notes here: https://biggerpockets.com/show545

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

544: How to Craft a Vivid Vision in Your Real Estate Business w/ Cameron Herold Dec 14, 2021

Cameron Herold developed the “Vivid Vision” format years ago, allowing not only him but other high-level business leaders to peek into the crystal ball of their futures. This vision doesn’t magically come true once you write it out, but mysteriously, those who craft a "Vivid Vision" accomplish, if not exceed, their goals for the future.

No one is more deserving of a call with Cameron than J.B. Klein, our winner of BPCon 2021’s coaching call giveaway. J.B. scaled quickly over the past year to hit a respectable unit count, but he’s feeling traction slip out from under his feet. J.B. wants to ensure that his business is set up to grow if he intends to acquire many multiples of his current portfolio.

To that end, JB crafted a Vivid Vision, and a team of copywriters at Conscious Copy helped turn it into a masterpiece!

This call between Cameron and J.B. is a massive resource to anyone investing in real estate, regardless of business size or experience. Cameron is a highly sought-after business coach and he makes clear, direct points that any listener of The BiggerPockets Podcast can take and expand upon to make their lives more fulfilling.

In This Episode We Cover:

How to craft your three-year “Vivid Vision” of a future business

Describing and defining your why behind business growth, passive income, and freedom

Building strong relationships with your team, partners, and investors

Minimizing anxiety and sleepless nights as a stressed-out leader

Delegating any task that doesn’t include your “genius”

Setting up the core values of your business and sticking to them

And So Much More!

Links from the Show

Conscious Copy (Vivid Vision Copywriting Team)

Invest in Your Leaders Course

BPCon 2021

Keller Williams Realty

1-800-GOT-JUNK?

The Second-in-Command Podcast

Harley-Davidson

David Osborn's Personal Website

JB's Vivid Vision

Check the full show notes here: https://biggerpockets.com/show544

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

543: 5 Tools To Unlock Your “Ideal Life” w/ "Traction" Author Gino Wickman Dec 12, 2021

Gino Wickman’s name is synonymous with business growth, entrepreneurship, and freedom. He spent the majority of his youth building up his father’s company to later sell it for a substantial sum. After teaching others how to do the same, Gino took the time to write books that would pave the way for future entrepreneurial success. Books like Traction, Rocket Fuel, Get A Grip, and his newest book, The EOS Life.

In it, Gino describes the five points of an ideal life: doing what you love, with people you love, making a huge difference, being compensated appropriately, and having time for other passions. Sounds like paradise doesn’t it? Well, if you’re an entrepreneur (or a want-to-be entrepreneur), this “ideal life” is perfectly within your grasp.

On today’s show, Gino walks through how any entrepreneur, nine-to-five worker, or business owner can hit all five of these points and live a truly fulfilling life. Gino mentions five separate tools that can help you along your journey to an ideal life, but the most important piece of this entire show is how you have to put up the risk to take away the reward.

In This Episode We Cover:

Why Gino created EOS (Entrepreneurial Operating System) for business owners

Whether or not you have the six essential traits of an entrepreneur

The five points of living an ideal life (and why they’re closer than you think)

Dropping your $25/hour tasks and starting to focus on $1,000+/hour tasks

Understanding that reward does not come without sufficient risk

Why time off from work can fuel better ideas and help you enjoy life more

And So Much More!

Links from the Show

BiggerPockets Pro Membership - Use discount code: podcast21

BiggerPockets Blogs

BiggerPockets Webinars

BiggerPockets Books by Brandon Turner

BiggerPocket's Ultimate Beginner's Guide to Real Estate Investing

Click here to check the full show notes: https://www.biggerpockets.com/show543

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

542: 22 Doors After “Starting from Negative” w/Billy Dha Kidd Dec 09, 2021

Billy Dha Kidd is better known for his rapping than his real estate skills, but both careers are worth celebrating. Billy’s early life was anything but comfortable — growing up in El Salvador, he was used to no running water and no electricity. He likes to say that he didn’t start at zero but started at negative one-hundred. Billy’s family immigrated to the United States when he was 10 years old, moving first to California and then later to Nebraska.

As a teenager, Billy began rapping as a way for him to express himself but found he loved the craft. Rapping allowed Billy to fill his time with something positive, instead of taking the wrong path many of his friends were on. His rap taught him sales skills, business skills, how taxes work, and most importantly, how to make money.

Reading stories of generational wealth, Billy was compelled to start investing in real estate. He got his first deal, learned a lot about the BRRRR strategy, and continued to put his knowledge to work. Now, he’s sitting on twenty-two doors between eighteen different properties. He gives credit to simply taking responsibility for his outcomes, instead of blaming others or the system around him.

In This Episode We Cover:

Building wealth even if you started with a disadvantage

Developing sales skills and using them when buying and selling properties

Generational wealth and why it means more than just getting rich

Finding deals both on and off-market for the BRRRR strategy

The biggest hurdles that come with owning a large rental portfolio

Creating a sellable, scalable business so you work less and make more

And So Much More!

Links from the Show:

BiggerPocket's Ultimate Beginner's Guide to Real Estate Investing

BiggerPockets Podcast 537: 10 Best Books for Real Estate, Health, and Wealth

Universal Music Group

Myspace

The One Brokerage - The David Greene lending team

Check the full show notes here: http://biggerpockets.com/show542

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

541: BiggerNews December: Zillow Quits Flipping, Inflation News, & "Power Buyers" Dec 07, 2021

Will inflation sink real estate? Is Zillow out of the iBuyer game? And why does my cash offer mean less than it did last year? Dave Meyer, VP of Data and Analytics at BiggerPockets, has heard your questions through BiggerPockets forum posts, YouTube videos, and on Instagram. This data-loving sandwich connoisseur is back to walk you through the biggest stories in real estate.

As incredible as Zillow Offers was, it looks like it won’t be around any longer (at least for a while) since having a half a billion-dollar loss in Q3 of 2021. With Zillow’s exit from the iBuyer and flipping market, other big players like Opendoor and Offerpad have come in to fill the gap. But, what about the new “Power Buyers” in the market? Will they help or hurt real estate investors?

We’ve also seen a run-up in inflation over this past year, causing home prices to artificially soar (especially when paired with low interest rates). So what is the best move for a real estate investor to make in today’s market? Take advantage of low-interest mortgages and all-time high rent prices, or wait for a supposed housing market crash or correction?

In This Episode We Cover:

Why Zillow cut their losses and exited the iBuying arena

The new “Power Buyers” in the housing market and how they could help investors like you

What a 30-year high inflation rate means for asset prices

How to take advantage of record-low interest rates for long-term cash flow

The cities in the US with the highest growing rent prices

What to look for in a rental depending on your estimated retirement age

And So Much More!

Links from the Show

BiggerPockets Podcast 480: Making $200k a Month After Being on the Verge of Bankruptcy

Check the full show notes here: http://biggerpockets.com/show541

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

540: Cop Salary to $300 Million in Real Estate w/ Whitney Sewell Dec 05, 2021

How do you build massive wealth while keeping your passions, family, faith, and bank account intact? Successful real estate investors will tell you the same thing: you need to automate and systematize to make time for it all, and they aren't kidding. Whitney Sewell was working as a cop when he got his start in real estate. Looking at his $35,000 salary, he realized that the long hours and tiresome, but enjoyable work, wouldn’t allow him financial freedom.

Whitney wanted more time with his kids, his wife, and his beloved horses. So, he started attending every real estate conference he could go to, networking with anyone who owned any amount of real estate. He hired a performance coach, built a successful podcast, and flipped his limiting beliefs on their head, so he could tackle big deals.

In only three years, Whitney built a real estate empire with over $300M assets under management. Part of his personal profits are donated to help adopted children and those who need adoptive parents. Whitney talks about how his faith and social goals have played a huge part in his real estate and how doing good must be the driving force behind wealth accumulation.

In This Episode We Cover:

Why it’s important to “overcommit” if you really want to succeed in real estate

The “most dangerous book to reach on a beach”

Why your network is your net worth and pushing yourself to connect with other like-minded investors

Why wealth and faith don’t need to contradict each other

Giving yourself the “thinking time” to spawn new, ingenious ideas

Outsourcing and upgrading your business so you can make more while loving life

And So Much More!

Links from the Show

BiggerPockets Pro Membership - Use discount code: podcast21

BiggerPockets Blogs

BiggerPockets Webinars

BiggerPockets Books by Brandon Turner

The Official BiggerPockets Facebook group

BiggerPockets Podcast 401: Follow these Steps to Get People to Know, Like, and Trust You with Jordan Harbinger

BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless

Harley Davidson

Straight Path Horses Website

Click here to check the full show notes: https://www.biggerpockets.com/show540

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

539: How to Get Your First, Second, or Next Rental Property Dec 02, 2021

If you’re looking to buy your first (or next) rental, you’ve come to the right place! BiggerPockets was founded to help real estate investors network, build their skills, and grow their portfolios. In today’s episode, master of multifamily and all things rental-property related, Brandon Turner, shares how you can build momentum and get your next deal under contract.

By overcoming the three roadblocks of real estate investing, you’ll be able to scale your portfolio to heights you’ve never imagined. Achieve financial freedom or surpass it entirely with intelligent, consistent investing so you (and your family) can live a life you love.

If you’re ready to get started, grab your notepad and pen. Brandon is about to show you why your next investment property is within reach!

In This Episode We Cover:

How to get your first (or next) real estate deal under contract

Defeating the three roadblocks of real estate investing and using them to grow a sizeable portfolio

Why the first few deals matter (and why they definitely don’t)

Using daily consistent action to build a system that works on your behalf

Why most people want to invest in real estate but never do

How to analyze a rental property deal in five minutes (even if you’re brand new!)

And So Much More!

Links from the Show