BiggerPockets Real Estate Podcast

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Top 10 Real Estate Markets for Cash Flow in 2023

The BiggerPockets Guide to Landlord Insurance

Book Mentioned in the Show:

SOLD by David Greene

SKILL by David Greene

SCALE by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-744

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743: Better Than BRRRR!? How to Make $200K+ on ONE Deal Mar 23, 2023

The BRRRR method is one of the most celebrated, highly-effective real estate investing strategies the world has ever known. Never heard of it? BRRRR stands for “Buy, Rehab, Rent, Refinance, Repeat” and is a simple framework to allow any real estate investor, no matter their skill level, to get into real estate investing for no money at the end of the deal. This down payment recycling system allows you to use the same amount of cash to build a real estate portfolio that’ll expand to infinity. And for a while, the BRRRR method was yet to be bested—until now.

Janice Stitzer may have cracked the code. As a house-hacking California native, Janice was pushed out of the golden state right before the last crash when housing prices were high, cash flow was low, and traffic was at a standstill. She and her husband decided to boost their quality of life by relocating to Colorado, where they started a construction company and a BRRRR-ing empire. Then in 2008, when lending screeched to a halt, her BRRRRs died down. But some years later, a new idea hatched—the BRRRR 2.0.

Using this simple strategy, Janice got a brand new short-term rental that cash flows like crazy, all while gaining $200K in equity before her first guest checked in. This repeatable system can be used by almost anyone and doesn’t require much experience. With just five properties, this “BRRRR 2.0” investing style could make you a millionaire. But you won’t know how it works if you don’t tune in! So, stick around!

In This Episode We Cover:

The BRRRR 2.0 method and how it unlocks MASSIVE amounts of equity

House hacking in expensive markets and the lowering your cost of living (even in LA)

The BRRRR strategy explained and why it’s still one of the most profitable ways to invest

The five things to look for when developing land or investing in new construction

Why you NEED a great general contractor at your side ANY time you plan on building

Short-term rental investing and why the cash flow beats consistent long-term rentals

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 Succeed in Real Estate Investing Using the BRRRR Method

14 Questions to Ask Before You Hire a General Contractor

4 Vital Points to Consider BEFORE Getting Into New Construction

Book Mentioned in the Show:

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

Connect with Janice:

Janice's Instagram

Janice's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-743

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

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742: How to Achieve Financial Freedom Through Real Estate in 4 Steps Mar 21, 2023

Financial freedom is the goal we’re all after. Whether you want to replace your nine-to-five income, retire your spouse or family members, spend more time with your loved ones, or just have enough money to travel the world, reaching financial independence is truly the American dream. And the wisest, most stable way to find financial freedom? Real estate investing! For generations, rental property investing has been the foundation of many millionaires’ portfolios, and you can repeat their path with four simple steps.

To give you the complete rundown on the four steps to financial freedom, we’ve got Dave Meyer, VP of Data and Analytics and host of On the Market, on the show. Dave embodies the financially-free life most people dream of. He lives abroad, chooses to work, and eats copious amounts of sandwiches every day. But what most people don’t see is the decade of hard work and dedication that Dave put in to get up to this point.

Dave will explain exactly how to calculate the passive income you need to find financial freedom, where to start investing in real estate, how to analyze a real estate deal from scratch, and the one tool that EVERY investor can use to build a rental property portfolio faster.

If you want to become a real estate pro in 2023, sign up for BiggerPockets Pro and use code “ANALYSIS20” for a special discount.

In This Episode We Cover

How to achieve financial freedom through real estate in 2023

Calculating your FI number and setting the RIGHT type of real estate goals

Picking your real estate market and metrics you MUST use when researching

Finding real estate deals and the LAPS funnel professional investors use to find perfect properties

How to analyze a real estate deal in minutes using the BiggerPockets rental property calculator

Cash flow vs. appreciation and which you should pick when deciding on your investment strategy

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-742

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

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

741: Seeing Greene: The Cash Flow "Golden Age” Could Be OVER Mar 19, 2023

The golden age of cash flow real estate investing could be over as we know it. For the past decade and a half, landlords got used to buying standard homes that made a killing in cash flow. Combine that with exponentially appreciating home prices, and anyone who purchased a property in the past ten years looks like an investing oracle. But now, the tide is starting to turn, and rookie real estate investors are struggling to find any house in almost any market that can cash flow. So what happened, and why has the nation’s cash-flowing real estate suddenly disappeared?

Welcome back to another Seeing Greene, where your “don’t just go for cash flow” host, David Greene, is back to drop some real estate knowledge for ANY level of investor. In this episode, we get into why it’s so challenging to find real estate deals that cash flow in 2023, when to invest in an appreciation vs. cash flow market, and whether or not to sell a property that isn’t profitable. Then, we switch gears and touch on how to vet a private lender you met online and whether or not an out-of-state rental rehab project is too risky for a brand-new real estate investor.

In This Episode We Cover:

The “Golden Age” of cash flow and why it might finally be over in 2023

How to pivot when you can’t find a “deal” in today’s housing market

Cash flow vs. appreciation markets and which makes for a better long-term bet

What to do when your rental property isn’t profitable and how to know it’s worth selling

Vetting private money lenders and why you should NEVER send money to one

Out-of-state renovations and rehabs and why rookie real estate investors should stay clear of them

Delayed gratification and why it’s the true path to building wealth

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

Cash Flow vs. Appreciation

Ability to Delay Gratification Predicts Wealth, Health & Success

Book Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-741

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

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Bonus: SVB's Collapse: Is Real Estate at Risk in The Fallout? Mar 17, 2023

SVB’s (Silicon Valley Bank) collapse has more to do with the housing market than you think. With bank runs becoming contagious, Americans in fear of economic turmoil, and a recession now closer on the horizon, assets like real estate could be affected in ways that most everyday Americans don’t realize. But, to understand what could happen to home prices and the US economy, we’ll need to explain the entire situation.

Back on as expert guests, J Scott, multi-decade investor, and Scott Trench, CEO of BiggerPockets, are here to share their takes on the SVB’s meltdown. More importantly, they explain the events leading up to this bank collapse, how the pandemic created fuel for this future fire, and whether SVB’s collapse could cause a chain reaction that leads to more bank failures, harder economic times, and, surprisingly, higher mortgage rates.

J and Scott debate whether or not more small banks are at risk, what could happen to HELOCs (home equity lines of credit), mortgages, and other financing options, and whether or not real estate will go down with the ship as our economic situation goes from bad to worse. And, if you’ve been saving up for your next investment property, stick around as J and Scott walk through how real estate investors should be using their money in troubling times like today.

In This Episode We Cover:

SVB’s collapse explained and how it could drag us into a deeper recession

The effects on real estate and whether or not prices will drop as a result

Mortgage rate predictions and the Fed’s shaky decision to raise or halt rates

HELOCs (home equity lines of credit), mortgages, and other property financing options that could be in danger

Whether or not we’re in a recession, and if we aren’t, when the recession could hit

Investing in real estate in 2023 and the moves you MUST make to protect your investment

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

Watch J’s First Interview with BiggerPockets

How Did A $200B+ Bank Collapse In 48 Hours? Is Real Estate Going To Be Impacted?

Books Mentioned in the Show:

Recession-Proof Real Estate Investing, Flipping, and More by J Scott

Connect with Scott & J:

J's BiggerPockets Profile

J's Website

Scott's BiggerPockets Profile

Scott's Instagram

Hear Scott on the BiggerPockets Money Podcast

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

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

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740: From $500 to 40 Rental Units After Going Broke in The Last Crash Mar 16, 2023

Eric Quinn turned $500 into over forty rental properties without rich relatives, a winning lottery ticket, or a magic genie. Like many investors after the 2008 crash, Eric was left flat broke, with an unbelievably high adjustable mortgage rate, hundreds of thousands in credit card debt, and just a few hundred dollars to his name. His “bed,” a pile of clothes in an empty apartment, was the one thing that could comfort him while digging himself out of the housing market hole he fell into.

Now, Eric’s life looks a little different. With dozens of cash-flowing rental units, even Eric questions how he got here. His story includes selling snakes, dealing drugs, storage wars, terrible real estate deals, and bad debt, but at the end of it, thanks to making the perfect pivot, he came out on top. He made almost every real estate investing mistake in the book, from buying a property he knew nothing about to purchasing fifteen rental properties in one month (don’t do this) and taking risks that were never worth the reward.

But Eric isn’t here to cry over spilled milk. Instead, he’s here to share EXACTLY how he made it out of a horrible situation and turned his life around to build wealth, have time freedom, and live without worrying. You might be feeling a bit like Eric did, and if you want to know the mistakes you should avoid and the moves you should make to get in a better position, tune into today’s episode!

In This Episode We Cover:

How to build wealth when starting from ZERO (or in SERIOUS credit card debt)

Storage wars and making thousands flipping items found at auctions

The HUGE cash flow of sober living facilities and why they beat regular rental properties

Becoming a real estate agent and why you HAVE to go all in if you want to make more money

Purchasing portfolios and the big mistake Eric made that cost him hundreds of thousands

Property inspections and why you NEVER use a residential inspector on a commercial 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

How to Start a Sober Living Home

22 Doors After “Starting from Negative”

Property Inspections—Why They’re Vitally Important & How to Get the Most Out of Yours

Book Mentioned in the Show:

The Gap and The Gain by Dan Sullivan

Who Not How by Dan Sullivan

Connect with Eric:

Eric's Instagram

Eric's Facebook

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-740

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

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739: Where the REAL Money is Made in Multifamily (Asset Management 101) Mar 14, 2023

The way you manage your multifamily real estate could be the defining factor when growing a bigger portfolio, reaching financial freedom, and leaving a lasting legacy. The “DIY management” style works for most real estate investors until they build a significant stack of multifamily properties. Then, the toilet calls, tenant complaints, and late rent checks get a little exhausting when you’re now taking care of dozens of tenants, not just two or three. So, what’s the right way to scale with multifamily real estate without losing your hair?

We’ve brought back multifamily investing experts Andrew Cushman and Matt Faircloth to explain how new multifamily investors can start to scale by making some strategic hires. Both of these battle-tested investing experts have dealt with their fair share of flaky property managers, late maintenance technicians, and asset managers who care more about a paycheck than building a profitable portfolio. They know exactly what does (and doesn’t) make a good hire and how you can start scaling quicker by outsourcing work you once thought crucial for an owner to do.

Andrew and Matt break down the difference between a property manager and an asset manager and explain why these roles are commonly confused. They also hit on how essential operations are at a time when cap rates are starting to expand and many buyers have fled the market. Finally, they’ll walk through the exact skills you should be looking for in an asset manager, property manager, leasing agent, and maintenance supervisor, so you can focus on growing your portfolio, NOT handling the day-to-day hiccups.

In This Episode We Cover:

Asset management vs. property management and how these two separate roles create investing synergy

The changing multifamily market and how “buying a deal” isn’t as easy as it was before

What small multifamily investors can do NOW to build the road to a bigger portfolio

Hiring a property manager and the twenty-seven questions you MUST ask them before you bring them into your team

Attitude over skills and how to find the rockstars that want to build your real estate portfolio

Incentivizing success and making sure your workers are paid for increasing value and cash flow

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

What Is a Real Estate Investment Asset Manager?

Get your free copy of the 27 Questions You should ask a Property Manager

Book Mentioned in the Show:

Raising Private Capital by Matt Faircloth

Connect with Matt and Andrew:

Vantage Point Acquisitions

Andrew's LinkedIn

DeRosa Group

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-739

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

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

738: Future Millionaires: The “Pickle Jar” Offer That Could Score You a Property Mar 12, 2023

Building a real estate portfolio in 2023 isn’t as easy as it used to be. Without the free-flowing deal flow of the past decade, real estate investors need to try more intelligent strategies to snag properties that can help them reach financial freedom. To help them hit their goals, expert investors David Greene and Rob Abasolo have been coaching a small group of real estate mentees on their journey to build a robust property portfolio. Over the past three episodes, we’ve seen them build their buy boxes, decide on markets, formulate offers, and level up their investor skills. At the end of this ninety-day journey, our mentees have made some profound revelations.

We start with Philip, who’s been struggling to find a worthwhile campground to get under contract. He’s been able to wrangle in a deal, but it comes with “hairy” circumstances that could allow him more bargaining power when negotiating with the seller. Next, Wendy is back on her hunt for a house hack. After viewing potential properties in the Las Vegas area, she’s had to pivot her investing strategy to tackle something that comes with lower costs. And finally, Danny joins us to talk about two “offensive” offers he made and the “pickle jar” method that investors should know about before negotiating with a seller.

All of the mentees have made MASSIVE strides in their real estate investing journeys, but what comes next is entirely up to them. Stick around to hear how they got ahead of the game, what made the most significant difference in their property searches, and how they’re gearing up to tackle even bigger deals throughout 2023!

In This Episode We Cover:

Negotiating with a seller and what to do when hidden costs pop up during your due diligence

Networking with other investors and the MASSIVE benefit that comes with it

House hacking, medium-term rentals, and what to do when struggling to find cash flow

Pivoting your rental property strategy and why you should NEVER make an offer unless the numbers make sense

Making “offensive” offers and why lowballing isn’t always such a bad thing

Building your “buy box” and keeping it flexible enough, so you’re still able to get properties under contract

Analysis paralysis, outsourcing, and what will stop you from making it in 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

Rob’s BiggerPockets Profile

BiggerPockets Podcast 708 Part 1

BiggerPockets Podcast 719 Part 2

BiggerPockets Podcast 726 Part 3

Connect with Our Mentees:

Danny's BiggerPockets

Danny's Instagram

Philip's BiggerPockets

Philip's Instagram

Philip's Website

Wendy's BiggerPockets

Wendy's Instagram

Wendy's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-738

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

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Bonus: How to Use the 2023 Housing Correction to Get RICH with Real Estate Mar 10, 2023

The 2023 housing correction could be the PERFECT time to invest in real estate. Don’t believe us? Maybe you’ll be more convinced by Dave Meyer, VP of Data and Analytics at BiggerPockets and real estate investor who got his start right after the 2008 housing market crash. For a fresh-out-of-college Dave, this was one of the scariest purchases he could have ever made. Right off of the Great Recession, no one knew which way the housing market would head, but because Dave took an educated, data-backed risk, he’s been rewarded handsomely with passive income.

And if you’re like most new real estate investors, you want to find financial freedom and spend more time doing what you love while building wealth in the background. Now, with skittish sellers and high mortgage rates scaring away many would-be-homebuyers, you can pick up real estate deals that could propel your wealth forward for years to come. And in this webinar, Dave will show you EXACTLY how to find, analyze, and finance your real estate deals. He’ll also dive deep into the data behind today’s housing market and prove why now may be one of the BEST times to buy real estate in years.

Now is YOUR time to start building wealth. Don’t sit on the sidelines while others are reaching financial freedom. Become a BiggerPockets Pro member and get access to exclusive rental property calculators, lease templates, property management software, and access to bootcamps that will take your knowledge to the next level. Sign up for BiggerPockets Pro and use code “INVEST23” for 20% off and a special gift from Dave!

In This Episode We Cover:

How to find financial freedom in ANY housing market (even in 2023!)

The housing market correction that could be a BIG OPPORTUNITY for buyers

Whether or not buying in today’s housing market is a smart move to make

Mortgage rate fears and how to combat a high monthly payment with seller concessions

Strategies that work in today’s real estate market and the five ways to profit with real estate

How to analyze a rental property investment with the BiggerPockets calculators

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 Dave on the “On the Market” Podcast

Subscribe to the “On The Market” YouTube Channel

BiggerPockets Rental Property Calculator

Estimate Rent Easily with the BiggerPockets Rent Estimator

Join BiggerPockets Pro and Use Code “INVEST23” for 20% off and a special gift from Dave

Books Mentioned in the Show

Real Estate by Numbers by Dave Meyer and J Scott

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

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

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737: Lewis Howes: The 3-Step Formula to Go From Broke to Millionaire in 2023 Mar 09, 2023

Lewis Howes has made a career taking the insights of millionaires and masters of crafts and turning them into digestible, actionable steps that everyday Americans can use to achieve their dreams. He’s talked to investing moguls, sports icons, mindset authorities, and everyone in between. Through doing this, he’s become an expert on building the mental landscape that makes you successful, accountable, and ready to make meaningful action in the world. He knows what it takes to build wealth, get rich, and start eight-figure businesses. And he also understands why you may not be ready to achieve your wildest dreams.

Lewis Howes knows most people aren’t ready to get rich. It’s not because they aren’t smart or savvy enough at investing. It’s because there’s something missing deep down—something they didn’t even know about. And Lewis has real-world experience with this struggle. He was flat broke only fifteen years ago, sleeping on his sister’s couch, watching his dreams of becoming a professional athlete slip away. He even got caught by his first mentor stealing food after a speaking event when he didn’t have enough money to eat.

Fast forward to today, and Lewis is a best-selling author, owner of a multi-million dollar business, and gets paid more in an hour than most Americans make in a year. So what changed? What steps did Lewis take to accomplish this unbelievable feat, and what can YOU do to repeat the same system that led Lewis to greatness? All that (and more) in this episode!

In This Episode We Cover:

How Lewis Howes went from flat broke to multi-millionaire

Why you’re NOT READY to get rich (and what you can do to change that)

The importance of getting a coach and why tenaciously leveling up your skills is crucial to success

Breaking out of rock bottom and how to build wealth when starting from zero

The three steps to greatness that will help you achieve any dream

The one skill Lewis says you MUST have in today’s modern world

Pushing past fear and how judgment stops so many from fulfilling their destiny

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

Rob’s BiggerPockets Profile

BiggerPockets Podcast 405 with Lewis Howes

How Can You Achieve a Mindset for Investing Success?

Mastering These 2 Skills Is Critical to Success in Real Estate Investing

4 Key Ways to Build Wealth in Real Estate

Book Mentioned in the Show

The Greatness Mindset by Lewis Howes

Connect with Lewis:

Lewis' Instagram

Lewis' LinkedIn

Lewis' Podcast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-737

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

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

736: BiggerNews: Mortgage Rate Mayhem and New Rules That Could RUIN BRRRR Mar 07, 2023

In this month’s BiggerNews, the mortgage rate rollercoaster continues, ChatGPT tries to take your job, Facebook tells investors to get lost, and David discusses his love-hate relationship with Jack in the Box. That’s right, we’ve crammed in all the most important news for real estate investors, including AI realtors, dangerous fast food options, and why buyers and sellers keep pushing down hard on both pedals. David Greene and Dave Meyer will go down the real estate rabbit hole, discussing the most important headlines affecting today’s housing market.

Welcome back to BiggerNews, where we touch on the facts, data, and everything else affecting real estate investing. This time, the Dave duo hits on why mortgage rates shot down earlier this year and what’s causing them to rise again, plus what this will do to buyers and sellers who are waiting to get into the market. Then, we’ll hear how the BRRRR method could be in danger as new mortgage rules make a cash-out refinance far harder than before. Ever thought, “We need more artificially conscious investors.” If so, you’re in luck! We’ll touch on how ChatGPT could allow an influx of sub-par investors to enter the market.

And if you’ve been waiting for a revival of Craigslist, stick around. New rules that Meta (Facebook) announced recently may deal a blow to real estate sellers on the popular platform. Finally, David and Dave will give their take on Biden’s new “Renters Bill of Rights,” which could create more protections for renters but with the side effect of rent control for landlords. All these stories could have SERIOUS impacts on the housing market. Whether you’re an investor, realtor, renter, or homeowner, this is news you need to know about!

In This Episode We Cover:

Mortgage rate updates and what’s causing the interest rate volatility affecting investors

New cash-out refinance rules that could make the BRRRR method even more challenging

Why Meta is cutting support for real estate sellers (and what this means for off-market investors)

The Biden Administration’s new renter bill that could create housing markets dead zones for investing

Chat GPT’s opportunity for investors and how it could harm those that are running the best real estate businesses

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 Dave on the “On the Market” Podcast

Subscribe to the “On The Market” YouTube Channel

2023 Mortgage Rate Outlook: Could Rates Drop?

Biden’s “Renters Bill of Rights” Is Here — Is Nationwide Rent Control Coming?

How to Succeed in Real Estate Investing Using the BRRRR Method

Why Rent Control Doesn’t Work - Freakonomics

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-736

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

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

735: Seeing Greene: Rental Property Deal-Breakers That Could Kill Your Cash Flow Mar 05, 2023

Which rental property “deal-breakers” could kill your cash flow? When is the right time to stop saving and start investing? And what should you do once you’ve hit your passive income goals? These are all questions that everyday real estate investors like you are asking, and on this episode of Seeing Greene, David will provide all the answers you need. So whether you’re just getting started, questioning when to invest, or ready to retire early but don’t want to regret the decision, this is the episode for you!

David Greene, your expert investor, agent, broker, and podcast host, can help you reach your wealth-building goals faster than ever. This time, David outlines the three pillars of saving and investing and how following this simple guideline can stop you from losing all your wealth in one fell swoop. Next, we debate whether or not paying off a rental property makes sense in today’s unstable interest rate environment and how inflation is making real estate investing more challenging than ever before. Finally, we touch on rental property “deal-breakers” and what your agent should tell you before you buy a deal.

In This Episode We Cover:

Saving vs. investing and when it’s time to pull the trigger on a rental property

The three pillars of money management and why you ALWAYS need emergency reserves

Paying off your rental property and what to do with six figures in yearly cash flow

Inflation, rising prices, and how intelligent investing protects you against an environment of easy money

Unpermitted renovations and whether or not a deal is worth it with one

Real estate agent red flags and what to do if your agent isn’t looking out for your best interest

Negotiating through agents and how to get your point across when talking through middlemen

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 674 with Ashley Hamilton

BiggerPockets Podcast 353 with Tim Rhode

BiggerPockets Podcast 717

Should I Pay Off My Mortgage Or Invest In Another Property?

Book Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-735

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

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734: Seller Red Flags I Should Have Seen Before Doing a Nightmare Deal Mar 02, 2023

There are a few real estate investing red flags that an investor should ALWAYS look out for. If you don’t, you could end up in the same situation as David Pere, who just finished off a four-year lawsuit after a seller tried to get rid of a deal that wasn’t even worth the dough. But David wasn’t a rookie when this happened. This was David’s third deal after having multiple units under his belt. And even though he was able to walk away from the lawsuit, the downsides, years of stress, and wasted opportunity is what he wants to make sure you DON’T repeat.

This deal didn’t look fishy at the start, but as soon as closing came, difficulties started to crawl out of every nook and cranny of this property. Made-up leases? David’s got them! Weirdly intertwined relationships between sellers and property managers? It’s there too! Repairs that never got made? You bet! And this isn’t even the worst of the deal gone wrong. The story gets even more unbelievable, fraudulent, and downright confusing as David spills the tea.

But this isn’t a pity party. All while this lawsuit was happening, David has been scaling his rental property portfolio, reaching financial freedom, and still doing the best he could to build wealth. This story is NOT meant to scare you off from investing but to show you that any deal, no matter how bad it gets, can be a learning lesson that allows you to reach your goals even faster!

In This Episode We Cover:

The “more doors” trap and why scaling bigger isn’t always the best move

Lease options explained and why a seller would risk signing one

Mixed use real estate and the multiple streams of income that come from one property

Why you should ALWAYS get your team into a deal before you sign the contract

Red flags David missed that you should ALWAYS look out for when buying a new property

Taking a seller to court and what to do if you find out there’s fraud in your deal

Why savvy buyers (and sellers) always document EVERYTHING said in a negotiation

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

Rob’s BiggerPockets Profile

The 6 Best Ways to Minimize Your Chances of a Lawsuit

3 Strategies for Using a Lease Option to Invest in Real Estate Creatively

Investing in Mixed Use Commercial Property

Book Mentioned in the Show

The No B.S. Guide to Military Life by David Pere (For FREE!)

Connect with David Pere:

David' BiggerPockets Profile

David's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-734

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

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733: 3 Real Winning Deals in 2023 (and Where You Can Find Them!) Feb 28, 2023

The housing market is heating up as homebuyer season comes back in full swing. For the past few months, most real estate investors have assumed that high interest rates and low inventory would stop first-time homebuyers from making offers on houses. But, most of us assumed wrong. At the start of this year, demand started picking back up, causing investors to pivot to get offers in quickly. So, if you’ve been waiting to buy your first or next deal, now may be the perfect time to start analyzing properties, sending in offers, and getting your property portfolio started. But you can’t do it without an elite agent!

We brought in three of the nation’s top agents to tell us what’s happening in their markets, what types of deals they’re doing, and how you can make the most off your next purchase. We first welcome back Dahlia Khalaf from ASN Realty in Tulsa, Oklahoma. She’s recently helped a client get into a “double dip deal” that resulted in tens of thousands in profit on a deal that almost any beginner investor could do. But they had to get creative to find it! Next, we bring back Rob Chevez from Washington, D.C., who’s worked out an interestingly debt-ridden real estate deal to help his investor client pull in some SERIOUS cash flow from short-term renting.

And lastly, who could forget about our own David Greene? He’s California’s favorite real estate agent, and his team has been using the house hacking strategy to help first-time homebuyers subsidize a SIGNIFICANT portion of their mortgage. Even better? This deal required no money down and allowed his clients to lock in a low mortgage rate and a low cost of living while in one of America’s most expensive cities, San Diego.

If you want a home run deal like any of the ones discussed on today’s show, head to BiggerPockets’ Agent Finder to find an elite investor-friendly agent in your area.

In This Episode We Cover

Why the housing market is heating up as homebuyers come back with higher demand

Wholetail real estate deals and how to flip a property without ANY renovation costs

How to find off-market deals and targeting homes that have been sitting on the market

Home liens and using them to find sellers who are willing to give a discount on their properties

Whether or not cash flow is still possible in 2023 and which strategies will bring in the highest rents

House hacking and using this strategy to lower your cost of living significantly

Rate buydowns, seller credits, and more ways to come to closing with less 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

Hear Dave on the “On the Market” Podcast

BiggerPockets Podcast 697 with Dahlia, Rob, and David

Connect with Dahlia and Rob:

Dahlia's BiggerPockets Profile

ASN

ASN Facebook

Rob's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-733

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

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732: Seeing Greene: Side Hustles, Syndications, & Escaping a W2 with Real Estate Feb 26, 2023

Want to quit your job for real estate? Not so fast. Trading your steady W2 for rental properties could be a risk that isn’t worth taking in 2023. But why? Isn’t the point of property investing to reach financial freedom and leave your W2 behind? Stick around for the full perspective from expert investor David Greene. His advice could save you money and time when deciding whether or not staying at your job is the right move to make!

Welcome back to another episode of Seeing Greene, where your favorite agent, broker, Batman-voice-impersonator, and podcast host, David Greene, answers your most-asked questions on real estate investing! This time around, we hear from a new investor who wants to know the best real estate side hustles, a mid-career worker who’s undecided on how he should best use his cash to invest, and we even receive a call all the way from New Zealand on how to pick the best real estate market. David also goes deep into why outsourcing is SO challenging (at first), where the BRRRR method WON’T work, and the problem with coaching programs.

In This Episode We Cover:

The best real estate side hustles for investors who want some extra cash

What you need to know BEFORE you quit your job to invest full-time

Real estate market research and the best cities to invest for cash flow

Scaling your business and your portfolio and the secret to outsourcing work

Why the BRRRR method WON’T work in certain rental markets

Appreciation vs. cash flow markets and when to pick one over the other

Whether to buy more rentals, invest in syndications, or put up cash for a coaching program

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 718

BiggerPockets Real Estate Podcast 690

BiggerPockets Money Podcast 305

Should You Invest for Equity or Cash Flow?

Book Mentioned in the Show

Long Distance Real Estateby David Greene

BRRRR by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-732

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

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731: From Losing EVERYTHING in the Last Crash to $9,000,000 Income in 9 Years Feb 23, 2023

The last housing crash wasn’t a good time for most Americans. And for Brent Daniels, it was the worst time of his life. Before the crash, he was riding high, making six figures, living in a big house with a new car, and building a real estate brokerage with eighty employees. Then, the market started to tank, and so did Brent’s revenue. He had to let go of all eighty workers, watch his car get repossessed, and witness his wife leaving him. But that wasn’t all. The ten-year office lease for his brokerage was still due, and the owners shackled him with seven hundred thousand dollars of debt.

Brent hit rock bottom as his reputation lay ruined, forced to stay with friends to survive. He slowly got back into real estate, making a few hundred dollars here and there. But then, one day, Brent stumbled upon an assignment fee. He watched one of his friends walk away with a five-figure check simply for flipping a contract to an investor. Thus, the wholesaling fire was sparked, and Brent gave up his dreams of becoming a top agent or real estate investor.

He hit the phones, finding as many motivated sellers as possible. From there, Brent shares how he built a business that does over a million dollars a year with just four team members, why he doesn’t invest heavily in real estate, and the exact script he uses to get hefty wholesale fees from motivated sellers. Now, with a net worth of over eight million dollars, Brent has proven that no comeback is impossible and that the best foundation for success is rock bottom.

In This Episode We Cover:

Overleveraging and Brent’s mistakes that made him lose everything in the last crash

The toxic “supreme ego” that will push you to take risks that are never worth it

Paying off six figures in debt and how to rebuild when starting from below zero

The secret to talking to motivated sellers and the four pillars of negotiation in a deal

Cold calling tips and what you should NEVER say to a seller

How to scale a LEAN business that operates almost entirely without you

A glimpse into an alternate universe where Henry Washington is David Greene’s wife

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

5 Cold Calling Techniques That Really Work

3 Types of Motivated Sellers (& How to Win Deals By Solving Their Problems!)

How to Stop Worrying and Start Living

Books Mentioned in the Show

Rich Dad Poor Dad by Robert Kiyosaki

Connect with Brent:

Brent's Instagram

Brent's Website

Brent's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-731

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730: How to Start a Real Estate Portfolio with Just $10K Feb 21, 2023

Want to know how to invest in real estate with $10,000? For most people, $10,000 doesn’t sound like enough to start a rental property portfolio. But today, you’ll learn exactly how to turn this easily savable amount of money into the foundation for financial freedom. If you want to know the nine ways you can begin building wealth through real estate with $10,000 or less, stick around!

David Greene, Henry Washington, and Rob Abasolo all started their real estate investing journeys without stacks of cash. They had to scrimp, save, and hustle to get to their first property. But, once the cash flow wheel started to turn, all of these investors quickly multiplied their real estate holdings and sailed straight for financial independence. And now, they want to help you do the same!

David, Henry, and Rob all share their favorite ways to invest in real estate with $10,000, the risks and rewards of each of these strategies, and pit each method against the others in a strategic showdown on the BEST way to invest in real estate with little money. They even share the fastest ways to save up $10,000, so you can start investing sooner! So if you want to make 2023 THE year you start investing, even if you don’t have much savings, stick around!

In This Episode We Cover:

How to invest in real estate with $10,000 or less

The nine best strategies that rookie investors can use to get their first property

How to save $10,000 and which side hustles will make you the MOST cash

Cash flow vs. appreciation and which markets are worth investing in

The “rental arbitrage” strategy that can make you THOUSANDS a month (with a LOW investment)

The riskiest ways to get into real estate and which strategies newbies should AVOID

A free way to ensure your success when investing that many people overlook

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

Books Mentioned in the Show

BRRRR by David Greene

Long-Distance Real Estate Investing by David Greene

SCALE by David Greene

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

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-730

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

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729: The 10 Real Estate Markets Primed for Long-Term Growth in 2023 Feb 19, 2023

The real estate markets that have the highest populations tend to have the highest housing prices. Think of cities like New York, Los Angeles, San Francisco, and Seattle. Just a few years ago, these bustling metros were packed to the brim with tech workers, all of which contributed to housing shortages and sky-high home prices. Now, with remote work the new norm, these big cities are seeing their populations slowly start to siphon out to more affordable housing markets in America.

As an investor, you may ask yourself, “where are the most people (and money) headed?” In this episode, Dave Meyer and David Greene will answer this exact question. But, it isn’t as easy as solely looking at population growth. Dave and David go deep into the data to see where businesses, tech jobs, and high salaries are moving so you can make the best bet for future equity plays. And even though it seems like Miami, Austin, and other booming markets have already priced out most investors, recent price drops could be a short-term loss that leads to your long-term gain.

But even if you know where Americans are migrating, you’ll still need to know the “why” so you can find future markets fitting these criteria. Dave and David touch on how work from home changed the housing market, why the pandemic split the nation into affordable and unaffordable housing markets, and how something as simple as a warm day could heavily impact where the best investing opportunity is. So stick around if you’re planning on buying, investing, selling, or moving in 2023!

In This Episode We Cover:

The ten real estate markets that are seeing massive migration even in 2023

The “great reshuffling” and how a nomadic work culture changed America’s housing landscape

Work from home’s effect on migration, high-paying jobs, and home prices

How political stances and low/no income tax enticed many Americans to leave their home states

The housing markets seeing the BIGGEST population drops and where not to invest

Where businesses are moving, and the sneaky tax incentives states use to entice corporations

Why short-term price drops DO NOT predict the future of the housing market

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Migration, Inflation, and Why Big Cities Are Losing Their “Desirable” Status

Book Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Real Estate By the Numbers by Dave Meyer

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-729

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

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728: Making $80K+ Per MONTH with Just 9 Rental Properties Feb 16, 2023

You don’t need a hundred rental properties to make a million dollars a year. You can do it with less than ten properties. Sounds insane, right? If so, tune in to hear Jesse Vasquez’s story as he breaks down exactly how he built a seven-figure income stream with fewer rental properties than most medium-sized landlords. He even gives an example of how just two of his rental properties are cash-flowing enough to replace a six-figure salary. So what is he doing differently from the rest?

After escaping the “golden handcuffs” of a six-figure healthcare sales job, Jesse knew he couldn’t ever return to the corporate work environment again. He loved the paycheck but was paralyzed by the work and needed an escape that could help him build wealth without sucking his soul. After sparking up a conversation with a traveling nurse, he realized there was an unfilled niche in the medium-term rental space, one that traveling professionals would pay handsomely for.

From working in healthcare, Jesse has been able to pinpoint exactly what makes a high-cash flow medium-term rental, which amenities can dramatically increase your rent price, and how to make six figures in cash flow with just a few properties. This deep dive will give you EVERYTHING you need to know before you buy a medium-term rental, how to achieve a near-zero vacancy rate, and the most lucrative way to find tenants that will net you five times higher rent than a regular long-term tenant.

In This Episode We Cover:

The medium-term rental strategy explained and how it produces so much cash flow

Leaving a cushy six-figure job to build a real estate business, not just retire early

How Jesse makes close to a million dollars a year with just nine rental properties

The secret amenities that nurses MUST have to book your property

The exact agencies to call to get your property rented at SIGNIFICANTLY higher rates

How to choose the perfect medium-term rental market and what to look for in local hospitals

Home insurance rental coverage and how to use it to fill up your units FAST

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

Medium-Term Rentals—How to Get BIG Cash Flow Out of Small Properties

ALE Solutions

DANHousing

Furnished Finder Stats

Book Mentioned in the Show

30-Day Stay by Zeona McIntyre & Sarah Weaver

Connect with Jesse:

Jesse's BiggerPockets

Jesse's Instagram

Midterm Rental Summit

Jesse's Website

Jesse's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-728

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

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

727: Seeing Greene: Making $300K Per Year On ONE Short-Term Rental Feb 14, 2023

Short-term rental investing is where the big bucks are made. Unlike long-term traditional rental properties, short-term rental hosts can charge higher daily rates, allowing them to lock in far higher revenue. This revenue number grows exponentially the bigger, better, and more unique a property gets. So, a Spanish-style Scottsdale mansion will rent out for a LOT more than a traditional large home. And that’s exactly what we have on this episode of Seeing Greene; a Scottsdale, Arizona mansion bringing in over $300,000 per year!

On this special edition of Seeing Greene, David Greene and Rob “Robuilt” Abasolo will give a Deal Deep Dive on their latest partnership property. This massive mansion in sunny Scottsdale was one of the most expensive properties Rob had ever bought, but with the help of David, they’ve been able to turn it into a cash cow, even as headaches pop up. David and Rob walk through the property cost, how they found it, the renovations they made, and how much they expect to bring in this year.

They also share guest stories that’ll make you feel sympathy for any vacation rental host, the problem with pool heaters, and what to do when your guest pulls a Glock on your house cleaner. These are the stories most vacation rental hosts won’t tell you, so stick around if you want to hear all the cash-flowing details!

In This Episode We Cover:

Scottsdale real estate and why David and Rob picked this perfect vacation rental destination

The downside of buying dozens of properties and why one large purchase beats many small ones

Finding an investor-friendly agent and why you NEED a rockstar in your real estate market

How much David and Rob spent on furnishing, painting, and fixing this property

David’s five-point matrix for a profitable rental property

Guest horror stories and why you should ALWAYS keep your TV manual

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 680 with Direct Booking Expert, Mark Simpson

The Ultimate Guide to Short-Term Rental Properties

Airbnb Horror Stories (& How You Can Prevent Your Own)

Watch Rob’s Vlog on The Scottsdale Mansion

Learn More About David’s Upcoming Retreats

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-727

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

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

726: Future Millionaires: Why You Should Start Making "Offensive Offers" Feb 12, 2023

Your lowball offer might seem offensive to most sellers. But, when phrased and timed correctly, you’ll be able to lock down real estate deals at the perfect price, sometimes without the seller even knowing it. Unfortunately, most real estate investors make a MASSIVE mistake when negotiating. Too often, they ask for everything they want when making an offer, not knowing there are ways to get an even better price later on. Want to see how this sneaky style of negotiation works? Stick around!

We’re back with our real estate mentees as they get one step closer to buying their next property and building their dream real estate portfolio. First, we chat with Philip, who lost out on the perfect deal but now knows a better way to get properties under contract. Then, Danny joins us as he stays on the hunt for a multimillion-dollar multifamily but is struggling to find reasonably priced properties in his area. Finally, Wendy is on as she debates which of her rentals have the best medium-term tenant potential. She also dives into a new market that could be perfect for her high-cash flow house hacking strategy.

We also get deep into the mindset of these intermediate investors. We’ll talk about why it’s so hard to let go of a great deal, how to systematize your learning so you’re constantly leveling up your skills (even during a busy day), breaking through analysis paralysis, and why your limiting beliefs are often untrue. So if you want to tee up your next real estate deal like Philip, Danny, and Wendy, tune into this episode!

In This Episode We Cover

Why you NEVER submit your final offer when trying to get a perfect property under contract

Buying raw land and how to perform due diligence on an untraditional asset

Embracing the chaos and how to build your real estate portfolio with a jam-packed schedule

Why 2023 is the perfect market to write “offensive offers” on properties

Medium-term rental investing and which markets work best for it

Analysis paralysis and how your mind tricks you into not succeeding

The ONE thing that most house hacking investors forget when looking for new deals

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-726

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

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

725: Leaving Pro Sports and a Violent Past to Forge Financial Freedom from SCRATCH Feb 09, 2023

To invest in real estate, you need to have a strong why. Without it, you won’t get far, and the first fumble that comes your way may be your last. That’s why having a solid reason behind your real estate investing can keep you going while the rest give up. And this is precisely what Suni Rao’s success is built on as a former pro tennis player turned financial analyst and now ten-unit real estate investor. You may think you know her story already since she was a former pro, but you’d probably be wrong.

Suni was raised in a household of domestic violence. As a child, she knew that if she only had enough money, she could escape and finally be free of the abuse. So when the opportunity came for her to play pro tennis at a young age, she took the chance without ever looking back. This dream continued until her early twenties, when she was physically forced to give up her goal of winning the world’s biggest tournaments.

She took a hard pivot, eventually leading her to climb the corporate ladder, only to have some crushing feedback knock her off. However, none of this stopped Suni from building the life she wanted in the background. After one property came another, and another, and another. Now, with ten units to her name, she’s making massive strides toward financial freedom and is here to tell you exactly how you can do the same.

In This Episode We Cover

Financial insecurity and how to regain your freedom through real estate investing
House hacking and using it as a stepping stone to invest in bigger, better properties
Leaving the corporate ladder behind to build your own wealth without an employer
Sports lessons of resilience that any real estate investor can relate to
How to stop limiting beliefs and doubts from derailing your dreams
Why property class matters and how buying in better neighborhoods will make you more
How to “force appreciation” and gain massive equity on your properties
And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-725

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

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724: The 3-Step System to Scale ANY Real Estate Portfolio Feb 07, 2023

You need to know how to scale your real estate portfolio. You’ve been stuck at the same number of units, dealing with the same problems for far too long. But what can you do? At what point do you reach a limit to the number of rentals you can take on? Is there even a limit at all? For most investors, hitting a wall in your real estate portfolio can feel like the beginning of the end. For David Greene, this just shows that you need to scale a little smarter. And today, he’ll show you exactly how to do it.

David, at one point, had a portfolio of over fifty single-family homes. As a result, he was constantly getting calls about evictions, maintenance issues, late payments, and the everyday landlord headaches. He realized that he was spending all his extra cash flow fixing the regularly sprouting problems, so he decided to pivot. Now, he has a cash-flowing, profitable, passive real estate portfolio with multiple types of rentals nationwide and far fewer headaches. Not only that, he’s leading a top real estate agent team, teaching his top agents the same skills in his newest book, SCALE: A Successful Agent’s Guide to Leveling Up Their Real Estate Business.

In it, David teaches top agents how to leave the mundane headaches behind and start building a business. But this book isn’t just for agents. If you’re an investor, the same rules apply to you, and learning these skills can help you leverage time, money, and other workers to help you grow an even bigger business.

Pre-Order SCALE now, and use code “SCALE724” to get a special discount and access to exclusive pre-order benefits.

In This Episode We Cover:

A deep dive into David’s newest book, SKILL

How David went from blue-collar worker to seven-figure business owner

The two pieces of any successful system (and the part EVERYONE screws up)

Why finding your weakness is the key to unlocking wealth

Learning how to leverage time, money, and workers to build your business bigger

The “three dimensions” of scaling and which one you MUST start putting into practice today

Fish-cleaning vs. fish-catching and how to adapt your skills when building your real estate portfolio

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 5 Things You Need to Build a $1,000,000+ Rental Portfolio

Books Mentioned in the Show

SCALE by David Greene (Use Code “SCALE724” at Checkout)

SKILL by David Greene

SOLD by David Greene

BRRRR by David Greene

Long-Distance Real Estate Investing by David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-724

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

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

723: Seeing Greene: Why This Recession is a HUGE Opportunity for Investors Feb 05, 2023

The 2023 recession is both an opportunity and a danger for real estate investors nationwide. Falling prices, rising mortgage rates, and an uncertain housing market have made buying rental properties riskier than at any other time in the past ten years. But, the flip side of this coin is that a lack of buyers and harsh buying conditions makes it easier than ever to pick up homes in grade-A areas, many of which could help you realize massive returns in the future. So, is now the time to buy?

Welcome back to Seeing Greene, where expert investor, agent, broker, and author, David Greene, answers your recession-based real estate questions on the spot. We take questions from new investors struggling to find cash flow in today’s challenging market and long-term property owners who don’t know what to do with all their equity. We’ll also hit on the touchy subject of when to quit your job, when you have too much debt to invest, and the difference between a property manager and an asset manager (most people get this wrong!).

In This Episode We Cover:

Why cash flow is NOT the most important metric when buying in 2023

Using the recession to snag better deals on homes in appreciating areas

Selling vs. renting and what to do with a house that has heaps of equity

When to quit your W2 and whether or not doing so in a recession is too risky

Overleveraging yourself and why you may want to hold off on investing if you have high debt

Lease options and using them to buy properties from on-the-fence sellers

Asset management vs. property management and how these two titles differ

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

10 Challenges to Seriously Consider BEFORE Quitting Your Day Job

Join David’s Scottsdale Retreat

Books Mentioned in the Show

SCALE by David Greene

SKILL by David Greene

How to Invest in Real Estate By Joshua Dorkin & Brandon Turner

Recession-Proof Real Estate Investing by J Scott

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-723

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722: David Greene's Untold Story of 7-Day Workweeks to 7-Figure Net Worth Feb 02, 2023

Cash flow, cartels, building a real estate empire, and everything in between—this is the story that many have yet to hear. The world of a real estate investor can seem glamorous. There are always so many properties, cash flow, retreats, speaking events, and jam-packed, money-making schedules that most nine-to-five workers would be envious of. However, what you’re seeing is the result, not the journey. What about the seven-day work weeks, the night shifts, the financial stress, the bad tenants, and the failures? This is what made David Greene what he is today.

To most, David Greene is the epitome of an entrepreneur. He owns a multimillion-dollar real estate portfolio, multiple cash-flowing companies, and hosts the best real estate podcast ever (we’re not biased). But just fourteen years ago, this was far from his reality. David was waiting tables, working at restaurants, trying to become deputy sheriff, and had no real estate to speak of. He sacrificed almost every weekend to make more money so he one day could own his schedule.

In this episode, you’ll hear precisely how David hustled for years to buy his first property, how his first tenant stole thousands from him, the long nights he spent working overtime to save up even more, and how eventually everything clicked, and he started building wealth at record speed. If you want an authentic look into the making of a real estate tycoon without the rose-colored hindsight, this is the episode to tune into.

In This Episode We Cover:

Investing during the great recession and why most investors wouldn’t touch real estate

The worst first-rental property experience ever and why you NEED to screen your tenants

Why every investor needs to respect money, not just try to make more of it

Doing whatever you have to do to save up, invest, and build a brighter future for yourself

Building the BRRRR strategy and accidentally finding a way to recycle down payments

Out-of-state investing and how to pivot when your market becomes too expensive

Strengthening your financial foundation so you can invest wisely and work way less

Rob and David’s Russian-Mexican Spanish and how to confuse everyone in Latin America

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

Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene

Books Mentioned in the Show

BRRRR by David Greene

Long-Distance Real Estate Investing by David Greene

SCALE by David Greene

SKILL by David Greene

SOLD by David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-722

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

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

721: Commercial Real Estate Could Crash, But Are Everyday Investors Impacted Jan 31, 2023

A commercial real estate crash is looking more and more likely in 2023. Rising interest rates, compressed cap rates, and new inventory about to hit the market is making commercial real estate, and multifamily more specifically, look as unattractive as ever to a real estate investor. But with so much money still thrown at multifamily investments, are everyday investors going to get caught up in all the hysteria? Or is this merely an overhyped crash that won’t come to fruition for years to come?

Scott Trench, CEO of BiggerPockets and host of the BiggerPockets Money Podcast, has had suspicions about the multifamily space since mortgage rates began to spike. Now, he’s on the show to explain why a crash could happen, who it will affect, and what investors can do to prepare themselves. This is NOT a time to take on the high-stakes deals that were so prominent in 2020 and 2021. Scott gives his recommendations on what both passive and active investors can do to keep their wealth if and when a crash finally hits.

But that’s not all! We wouldn’t be talking about multifamily without Andrew Cushman and Matt Faircloth, two large multifamily investors who have decades of experience in the space. Andrew and Matt take questions from two BiggerPockets mentees, Philip and Danny, a couple of California-based investors trying to scale their multifamily portfolios. If you want to get into multifamily the right way or dodge a lousy deal, stick around!

In This Episode We Cover:

The commercial real estate crash and bad news for high-interest rate investors

Cap rate compression, rent stagnation, and red flags for the multifamily market

Recommendations for both active and passive multifamily investors

How to vet a real estate syndication deal when raising private capital

Scaling from small to large multifamily and why the jump is easier than you think

Cash flow vs. appreciation and which is a better bet if valuations start to tank

Balloon payments, adjustable-rate mortgages, and risky financing options putting new investors in a tough spot

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

Understanding Rental Property Depreciation—A Real Estate Investor’s Guide

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

Your Debt-to-Income Ratio Can Make or Break Your Investing Career

On The Market Podcast 65 with Ben Miller

On The Market Podcast 71 with Brian Burke

BiggerPockets Real Estate Podcast 708

BiggerPockets Real Estate Podcast 719

Book Mentioned in the Show

The Hands-Off Investor by Brian Burke

Connect with Andrew, Matt, Dave, and Scott:

Scott's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-721

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

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

720: Seeing Greene: Why Interest Rates Don’t Matter As Much as You Think Jan 29, 2023

How important are mortgage rates to real estate investing? Should I take out as much depreciation as possible to lower my taxes? And what should I do when my DTI (debt-to-income) ratio is too high? You’ve got the questions, and David Greene has the answers! On this episode of Seeing Greene, David goes high-level, getting into the topics like real estate tax benefits, return on equity (ROE), and why loans and leverage are riskier than most rookies think!

We’ve got questions from house hackers, BRRRRers, multifamily and commercial investors, and more on this week’s Seeing Greene. First, we hear from a college student trying to house hack in an expensive housing market. Then, a family who has outgrown their space and wants to use creative financing to buy their next primary residence. And finally, a mother concerned that real estate investing could affect her children’s stability. Don’t know what you’d do in these situations? Then, stick around! David’s got the answers!

In This Episode We Cover:

How to house hack even in a high-priced housing market

BRRRRing into a higher interest rate and when it makes sense to cash out

Creative financing strategies and whether or not they’re worth using for residential real estate

Margin loans and when it makes sense to take out leverage from your stock portfolio

ROI (return on investment) vs. ROE (return on equity) and how to value a primary turned rental property

House hacking’s effect on family life and when moving isn’t worth the money

Bonus depreciation explained and the short-term gain, and long-term pain of big tax deductions

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

Understanding Rental Property Depreciation—A Real Estate Investor’s Guide

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

Your Debt-to-Income Ratio Can Make or Break Your Investing Career

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-720

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

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

719: Future Millionaires: The Real Estate Investing Hurdle You MUST Get Over Jan 26, 2023

Knowing how to find real estate deals can be challenging for new and experienced investors. For those who want to build bigger portfolios beyond just buying single-family rental properties, finding multifamily, development, or perfect medium-term rental deals can be a struggle. You have to be in the know and have a network full of agents, brokers, lenders, and other investors who can throw deals your way, so you don’t have to dig through the scraps that bigger investors (or investment firms) have left behind.

This is a struggle that all three of our ninety-day mentees have faced since we spoke to them last. We’ll be getting updates on all their situations in today’s episode as David and Rob work to get them to their next investments as soon as possible. First, we talk to Philip, who’s still struggling to find adequate land for his future resort. He’s successfully made one offer but has yet to receive a counter. Next, Wendy wants out of turnkey rentals and is looking into more cash-flow heavy real estate investments like medium-term rentals that can provide her the retirement she dreams of.

Lastly, we talk to Danny, who’s struggling to connect the dots that will lead to his next property. As an introvert, finding contractors in the field has become challenging, although he has started to reach out to other investors he knows in his area. A common thread in this episode is that ALL our mentees are finding a pain point stopping them from reaching their next property. Of course, what they do next is entirely up to them, but you’ll hear case-by-case advice from David and Rob, which could also help you on your next deal! So if you’ve hit a roadblock on your path to real estate wealth, don’t give up—tune in!

In This Episode We Cover:

Purchasing raw land and the pros and cons of trying to buy what is worth developing

Private money lending and raising private capital as a way to make more income on the side

How to increase your real estate deal flow and get more properties (or parcels) sent to you

The high-cash flow world of medium-term rental investing and why it may be worth converting your units

How to find contractors, real estate agents, and other team members for your next investment

Networking 101 and what introverts can do to build a list of other investors who can help them along their way

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 the First 90-Day Mentee Episode

Jesse's Instagram

Book Mentioned in this Episode

30-Day Stay by Zeona McIntyre & Sarah Weaver

Connect with Danny, Philip, & Wendy:

Danny's BiggerPockets Profile

Philip's BiggerPockets Profile

Wendy's BiggerPockets Profile

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

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

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

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

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

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

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

In This Episode We Cover:

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

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

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

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

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

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

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

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Books Mentioned in this Episode

Real Estate by the Numbers by J Scott and Dave Meyer

Real Estate Note Investing by Dave Van Horn

Connect with Dave:

“On The Market” YouTube Channel

“On the Market” Podcast

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

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

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

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

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

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

In This Episode We Cover:

Flipping vs. BRRRRing and when selling beats holding a home

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

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

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

The hidden real estate tax advantages that most investors overlook

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

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

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

5 Tips to Help Investors Handle Hoarder House Situations

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

Books Mentioned in this Episode

Long-Distance Real Estate Investing by David Greene

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

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

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

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

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

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

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

In This Episode We Cover:

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

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

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

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

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

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

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Hear Our Interview with “The 48 Laws of Power” Author, Robert Greene

Books Mentioned in this Episode

The Concise 48 Laws Of Power by Robert Greene

Rich Dad Poor Dad by Robert Kiyosaki

Connect with Greg:

Greg's BiggerPockets Profile

Greg's YouTube

Greg's Instagram

Greg's TikTok

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

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

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

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

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

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

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

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

In This Episode We Cover:

How to make 2023 your best real estate investing year EVER

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

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

The 11 KEYS to success when starting in rental property investing

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

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

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

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Rental Property Calculator

Rent Estimator

Pro-Exclusive Videos

Grab the Best-Selling BiggerPockets Books

Get Your Ticket to BPCon 2023!

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

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

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

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

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

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

In This Episode We Cover:

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

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

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

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

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

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

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Amy Mahjoory's Masterclass on Private Lending Part 1

Amy Mahjoory's Masterclass on Private Lending Part 2

Amy Mahjoory's Masterclass on Private Lending Part 3

Amy Mahjoory's Masterclass on Private Lending Part 4

How to Calculate Cash-on-Cash Return

Learn More About David’s Full Real Estate Team

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

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

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

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

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

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

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

In This Episode We Cover:

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

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

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

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

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

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

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

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

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

Book Mentioned in this Episode

Fearless Success by John Foley

Connect with John:

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

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

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

712: Has the Short-Term Rental Goldmine Run Dry? Jan 10, 2023

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

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

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

In This Episode We Cover:

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

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

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

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

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

The top amenities guests want in their vacation rental in 2023

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

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Use the BiggerPockets Airbnb Calculator

Try AirDNA Today

Tony's BiggerPockets Profile

AirDNA 2023 Outlook Report

AirDNA November 2022 Data

Connect with Jamie:

Jamie's LinkedIn

Jamie's Twitter

Jamie's Podcast

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

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

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

711: Is This the BIGGEST Multifamily Opportunity in 10 Years? Jan 08, 2023

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

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

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

In This Episode We Cover:

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

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

2023 housing market predictions and what multifamily investors can expect

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

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

How to raise money from private investors and expanding your network

The hidden dangers behind investing in a small, tertiary markets

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Vantage Point Acquisitions

Andrew's LinkedIn

Paul Moore’s Article on Interest Rates and Cap Rates

DeRosa Group

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Raising Private Capital by Matt Faircloth

The Intention Journal by Brandon Turner

Connect with Philip & Daniel:

Philip's BiggerPockets Profile

Philip's Instagram

Philip's Website

Daniel's BiggerPockets Profile

Daniel's Twitter

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

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

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

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

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

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

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

In This Episode We Cover:

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

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

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

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

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

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

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

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Rob BiggerPockets Profile

Hear Antoinette’s Story on the “BiggerPockets Money” Podcast

Here’s Why You Should Consider Investing in Senior Living

Do New Short-Term Rental Regulations Make Investing Risky?

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-710

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

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

709: Everything a New Investor Should Know BEFORE Closing on a Property Jan 03, 2023

Before buying a rental property, real estate investing can seem scary. Only experienced landlords know how to deal with closing delays, overbudget rehabs, and tenant issues. But that doesn’t mean you have to come in blind on your first real estate investment. If you have the proper knowledge, expectations, and systems set up, you can build a real estate portfolio faster than the rest, which is what Ashley Kehr, author of Real Estate Rookie: 90 Days To Your First Investment, did.

Ashley hosts the Real Estate Rookie Podcast, where she interviews new investors who have had one or a few successful deals. She’s seen what it takes for someone to go from bystander to investor and wants to make sure you can purchase your first investment property too. On today’s show, Ashley walks through her pre-closing checklist, where she details everything from due diligence to budgeting renovations and rehabs, how to negotiate with sellers, where to find insurance and more.

This is just a brief glimpse at everything you can find in Ashley’s new book, and combining these golden nuggets with what is shared in Real Estate Rookie will get you on a faster path to landlord life and passive income. So, if you’ve been waiting to invest or feeling like you don’t know what you don’t know, this may be the perfect episode to start. Tune in, grab the new book, and get ready to make some property purchases in 2023!

In This Episode We Cover:

The pre-closing checklist and everything a new investor should do before they come to closing

Due diligence and how to ensure title work, home insurance, and taxes are ready

Renovation and rehab budgeting and how to build a scope of work even when investing out of state

Negotiating with a seller on both on and off-market deals and the pros/cons of using an agent

How to smoothly communicate with a seller or agent so you can get a deal done quicker (and with less stress)

Landlord insurance and how to find a policy that works for you before you close

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

Real Estate Rookie Podcast

Books Mentioned in the Show

Long Distance Real Estate by David Greene

Real Estate Rookie by Ashley Kehr

You’re Not Listening by Kate Murphy

Hug Your Haters by Jay Baer

Connect with Ashley:

Ashley's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-709

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

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

708: Future Millionaires: The 90-Day Mentorship to Grow Your Real Estate Portfolio Jan 01, 2023

There’s a big difference between a real estate portfolio and having a few rental properties. Casual real estate investors can slowly start stacking one or two units a year and eventually end up with financial freedom, but often with stress and headaches that match their cash flow. Other investors, like David Greene and Rob Abasolo, take a more goal-oriented approach, building millions of dollars of wealth in under a decade with a portfolio that is self-sustaining, not self-defeating. Our goal here at BiggerPockets is to help YOU find financial freedom by following the same steps as investors like David and Rob.

In the same spirit, David and Rob have decided to sit down with three mentees and give them one-on-one coaching to get them to their ultimate goals. These mentees are all at different stages of their investing journey, focusing on different strategies with different properties. First, we talk to Philip, a school teacher who dreams of building out glampsites and campsites, all while developing cash-flowing retreat centers. Secondly, we talk to Wendy, an investor stuck in the “turnkey trap” who wants to escape her job and the low cash flow of “easy” investing. Lastly, we talk to Danny, a multifamily investor who wants to scale faster to regain his time.

All of these mentees have the same goal: financial freedom. If you’re trying to find your way out of the rat race and into the wealth-building realm of real estate, these are the episodes for you. We’ll continuously be checking in on our guests, giving them action items, and helping them work through any roadblocks that come their way. So stick around for the journey; you might hit financial freedom faster!

In This Episode We Cover:

Investing in glamping, camping, and retreat centers and why developing may be a costly move

How to find a real estate agent/broker who can source your PERFECT property (even if it’s VERY niche)

The “turnkey trap” and why easier investing often leads to lower returns

Why working in real estate as you build your portfolio is a cheat code for investors

House hacking, rental arbitrage, and creative ways to rent your properties for more

How to scale from small to large multifamily investing and how to find your own mentor

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Hear Our Interview with the Discount Lots Founders

How to Plan for (and CRUSH) Your 2023 Goals

Book Mentioned in the Show

Long Distance Real Estate by David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-708

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

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

707: 1031 Exchange Deep Dive: What to Know and Mistakes You MUST Avoid Dec 29, 2022

The 1031 exchange is a strategy that helps investors build more passive income, with fewer properties, all while avoiding the tax man. While many real estate investors know about this strategy, only a few of them know it well enough to pull it off. The rules are simple; sell a property, buy another property with the proceeds, and pay no capital gains tax. But, this is far easier said than done, and it’s much easier to make mistakes than most people think. Even our real estate hero, David Greene, had a 1031 exchange go awry.

To clear up the misconceptions, highlight the common mistakes, and guide us to tax-advantaged freedom, we’ve brought on 1031 exchange expert, Ryan Finch, to the show to share everything he knows about this misunderstood, often misused strategy. Ryan is a real estate investor at heart, house hacking as a sophomore in college to live for free. After working at multiple commercial real estate and development companies, he got the itch to start investing heavier himself and help others propel their wealth.

Now, Ryan works to help real estate investors and everyday homeowners make the most out of their equity. Ryan has unlocked the tools that have allowed those with home equity to build passive income streams, buy bigger, better properties, and reduce much of their landlord burden, all in a single transaction. If you’ve been sitting on some post-2020 equity, this episode will teach you how to use it as fuel for your financial freedom fire, all while ditching the tax bill that comes with selling!

In This Episode We Cover:

The 1031 exchange explained and using it to avoid taxes (legally)

Converting home equity into cash flow and when selling makes more sense than refinancing

How both the government and real estate investors benefit from the 1031 exchange

What to know before you use a 1031 exchange and the three rules you MUST pay attention to

1031 tax benefits, depreciation, and cost segregation to massively lower your tax bill

The most common mistakes investors make when doing their first 1031 exchange

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

1031 Exchange—A Definitive Guide for Real Estate Investors

Will a 1031 Exchange Help Grow Your Portfolio?

How to (Legally!) Avoid Capital Gains Taxes on Real Estate

Rich Dad’s CPA on How ANY Investor Can Avoid Taxes

IPX

Asset Preservation Inc

First American

Connect with Ryan:

Ryan's Website

Phone Number: 720-439-6540

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-707

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

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706: How to Build a Real Estate Portfolio from Scratch in 2023 Dec 27, 2022

Want to become a real estate millionaire? You’re in the right place. No matter how much money you’re starting with, how much experience you have, or how many Seeing Greene episodes you’ve watched, it’s ALWAYS possible to build wealth through real estate. But that’s easy for someone like David Greene and Rob Abasolo to say, right? They’ve already made it big, with millions of dollars in cash-flowing income properties. But they didn’t start like this.

David and Rob have come together to ask themselves, “what would we do if it all came crashing down?” If both of them lost their entire real estate portfolios in one fell swoop, how would they build it back up? Today, we put these two real estate legends in the hot seat and give them the biggest nightmare scenario so they can show you exactly how to build a real estate portfolio from scratch, no matter where you’re starting.

David and Rob will also be given certain dollar amounts to use in rebuilding their portfolio. So, if you’ve only got a thousand bucks on you, David and Rob will show you exactly how to use it best to catapult your wealth forward so you can become a real estate millionaire. If 2023 is going to be YOUR year to get started, get going, and get one step closer to financial freedom, we’d suggest following David and Rob’s plan!

In This Episode We Cover:

The biggest challenges real estate investors face today (and how to solve them)

Raising private capital, real estate syndications, and how to use other people’s money to build wealth

Mistakes to avoid when building (or starting) your real estate portfolio

The four steps to take when rebuilding a real estate portfolio and why building your network is so crucial

Rental arbitrage and why it’s a great no money down strategy for cash flow

House hacking and the low down payment loans you can use to buy properties for cheap

Boosting your brand, creating content, and how to build a reputation in 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

How to Make 100% Passive Income

How to Build a Real Estate Portfolio from SCRATCH in 2023

The Ultimate Guide to Airbnb Rental Arbitrage

How to Become a Real Estate Millionaire (NO Experience Necessary)

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-706

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

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

705: Portfolio Architecture 101: The 5 Keys to Building a Financial FORTRESS (Part 1) Dec 25, 2022

You may know how to build a real estate portfolio, but how do you build an unshakeable one? Most real estate investors think that buying a few dozen dirt-cheap houses is all they need to do to make millions and live a life full of passive income. This is far from reality, as your entire net worth could come crashing down as soon as a housing market crash, correction, or new rental policy comes into play. So how do you build a sustainable real estate portfolio—one that will grow your wealth even during the worst of economic times?

David Greene has touched on this topic numerous times, often referring to “portfolio architecture” as one of the most crucial aspects of building wealth through real estate. This strategy not only helps you grow wealth but keep it even when everything goes wrong. Don’t believe us? Listen to David and Rob’s individual stories on what happened to their portfolios during the 2020 lockdowns and how quickly they bounced back while other investors had to completely rebuild.

In part one of this two-part podcast, David and Rob will go through the most common weaknesses in their real estate portfolios, what could cause everything to come crashing down, and the five most important keys to portfolio architecture. They also talk about diversification and how having just one type of real estate in one location could be a huge mistake.

In This Episode We Cover:

Why cash flow isn’t as reliable as most investors think and why you CAN’T depend on it

The few things that could completely destroy your real estate portfolio

Liquidity and how much cash to have on hand/ready to deploy when things go wrong

Why all real estate investors should strive to be “broke millionaires”

Real estate diversification and why you want to own rentals in more than one market

The five factors of portfolio architecture that EVERY investor must pay attention to

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Buy-and-Hold Investors—Don’t Forget to Diversify

Is The Housing Market About to Collapse?

How to Build a Rental Portfolio That Nets $10K a Month

4 Tips to Balance Out the Highly Seasonal Nature of Vacation Rentals

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-705

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

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

704: The Risks and Rewards of Investing in Raw Land Dec 22, 2022

Land flipping is an unusual real estate investment. Unlike all the rest, there are no utilities, renovations, or tenants to take care of. It’s really as simple as buying a piece of land with high demand and finding a seller who either wants to build or sit on it. But can it be that easy? If land flipping is low cost, low risk, and high reward, why aren’t more investors buying raw land? What are everyday real estate investors like us missing that land flippers like Paul Hersko and Willie Goldberg understand?

Paul and Willie, like many investors, didn’t start out in real estate. Willie worked in investment banking while Paul was busy running an ecommerce business. Both were feeling unfulfilled by their work and wanted to build something bigger and better on their own. After a casual skydiving session, Paul and Willie realized they'd be perfect partners together, deciding that buying, selling, and financing raw land was what interested them most.

Now they’re making massive multiples on literal dirt, selling plots online to investors and retail buyers who want to own real estate without the big banks, down payments, and high interest rates. Paul and Willie have built an entire business around these types of deals, and even though land is low-cost, you'd be surprised by how much they make off of a simple land sale. This could be the best low-risk real estate investing out there!

In This Episode We Cover:

The benefits of buying and selling raw land and why it’s far less stressful than regular rental property investing

Flipping land and why offering owner financing almost always gets the deal done

Building a scalable system for your real estate business and the crucial KPIs to track

The risks behind buying raw land and pitfalls to look out for when getting started

Why banks refuse to lend on raw land and using the lack of loans as an opportunity

The one US state that Paul and Willie refuse to buy land in

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

Dirt Cheap Land Flipping and Reaching Motivated Sellers

How To Buy Land & Questions To Ask Before Making Your First Investment

Investing in Vacant Land 101

Work with Discount Lots

Books Mentioned in the Show

Am I Being Too Subtle by Sam Zell

The Hard Thing About Hard Things by Ben Horowitz

Made in America by Sam Walton

Connect with Willie & Paul:

Paul's Website

Willie's Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-704

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

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703: The 6-Step Guide to Buying Your FIRST Rental Property Dec 20, 2022

Don’t think you know how to buy a rental property? Give us just one hour of your time, and you’ll be able to score your first investment property in the next ninety days! No gimmicks, jokes, or get-rich-quick schemes—David Greene and the BiggerPockets team designed this plan specifically for rookie real estate investors who want to get into the investment property game as soon as possible. So, if you’ve been waiting on the sidelines, hoping to one day reach financial freedom, now is the time to plug in and get ready to invest!

David Greene has been investing in real estate for over a decade. Before that, he was a police officer working almost every day of the week, scraping enough money together to buy his first rental property. He reached financial freedom in only a few years, but it took grit, determination, and a tenacious effort to keep moving forwards. Now, he wants to teach you how to do the same, by buying your first rental property in 2023, even with the wild housing market we have on our hands.

David walks through six actionable steps you can start taking to get your first property under contract in just ninety days! If you can carve out fifteen minutes of your workweek for the next few months, we know you’ll be closer to investing than ever before. Anyone can follow these steps to start buying real estate, no matter how much experience or money they're starting with. Ready to invest? Hit play!

In This Episode We Cover:

How to buy your first rental property in ninety days (or less)

The six steps ANY investor can take find, analyze, fund, and buy an investment property

Where to find real estate deals and the easiest (and hardest) way to do so

Analyzing a live deal using the BiggerPockets Rental Property Calculator

Funding your first rental property and how to do so even if you have no money

Why real estate investors LOVE BiggerPockets Pro (and why you will too!)

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Rental Property Calculator

Rent Estimator

Pro-Exclusive Videos

Already a BiggerPockets Pro Member? Get the Bonuses from Today’s Webinar

Find an Investor-Friendly Lender

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-703

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

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

702: Seeing Greene: Do 40-Year Mortgages Ever Make Sense? Dec 18, 2022

Renting vs. buying a home, forty-year mortgages, HELOCs, and relationships vs. real estate. There’s something for everyone on this episode of Seeing Greene, as David tackles questions that go far beyond just basic investing. And as the housing market continues to get even more confusing, homebuyers, landlords, and sellers are stuck with some serious debates that only an expert agent, mortgage broker, and investor like David can answer!

When choosing to rent vs. buy a home, David uses some geographic-specific data to decide which markets make more sense to own. Then, we have a question on how an interest-only mortgage works, and whether not paying into principal is a waste of time or a better option for cash-flow-strapped landlords. If you’re thinking of buying a property in all cash, David has some advice as to why now may not be the time to use loan-free dollars to get a better deal. Finally, David takes a more personal question from a listener, asking when to put real estate over relationships and why dating feels like a “waste of time” when trying to build wealth.

In This Episode We Cover:

Buying vs. renting and when house hacking makes sense EVEN if you lose money every month

Using a HELOC (home equity line of credit) to buy your first rental and the dangers of doing so

Investing in your business vs. buying more real estate and when to do both

The “lease-back” agreement and why it’s a phenomenal way to get a tough deal done

Buying rentals in cash and why it may be a mistake as the markets shifts more to the buyers

Having a social life vs. investing and why so many investors find dating a waste 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

Renting vs. Buying a House: Which Makes More Sense in 2022?

The Pros and Cons of a Lease Forward (or Lease Back)

Should You Pay Cash for a House? Maybe Not—Here’s Why

Learn More About David’s Full Real Estate Team

Books Mentioned in the Show:

SOLD by David Greene

SKILL by David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-702

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

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

701: The Post-Crash Pivot: Why Investors NEED to Change in 2023 Dec 15, 2022

The housing market is an unstable beast. As soon as you’ve got your footing in one strategy, it violently jerks you into another, often by force. This is how most investors felt during the great recession as flipping profits dried up, home sales fell off a cliff, and investors were faced with a tough question, “who’s going to buy these deals?” While many investors stood on the sidelines, hoping that someone would save them, Eric Brewer did something much different, and it’s a move that’s paid off heavily over ten years later.

Before the crash, Eric was a car salesman, but he wasn’t the type you’re imagining. His main strategy was “talk to everyone,” and it earned him salesman of the month almost every month. But selling cars didn’t make for a family-friendly schedule, so he pivoted into real estate investing and took the dealership’s owner with him. They were flipping hundreds of houses a year, making tenfold what they were used to when selling cars. But then the housing crash happened, and once again Eric needed to pivot.

Now, instead of just flipping, he’s doing wholesale deals, novation contracts (MUCH bigger profits than wholesale), turnkey rental sales, and more. As the housing market has changed, so has Eric’s mindset, never betting on one strategy to be the one that brings home the bacon. Eric has stayed ahead of the game, blatantly ignores the “expert advice” off-market investors like to peddle, and pivots as soon as the market shows signs of a move. In this flip-flop market we’ve experienced over the past two years, this is EXACTLY what investors need to hear.

In This Episode We Cover:

How Eric closes on over thirty real estate deals a MONTH using simple marketing tactics

The biggest “buyers list” no one knows about, and why you won’t find it where you’d think

Why most people HATE salespeople, and how to get around the common seller/buyer objections

BRRRRing > flipping and why the tax code favors holders over flippers

Eric’s top ways to find off-market deals and why you should NEVER disqualify a lead

Novation deals and why they’re better and more profitable than wholesaling in 2023

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

7 Situations That Cause Investors to Pivot ( & How to Play the Cards You’re Dealt)

The Best Kept Secret for Finding Off-Market Deals

How To Find Great Deals by Building an Off-Market List

Crash or Correction: Are We Repeating 2008’s Mistakes?

Connect with Eric:

Eric's BiggerPockets

Eric's Instagram

Eric's Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-701

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

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

700: How Rob Dyrdek Fits Family, Real Estate, and $100M Businesses into His Day Dec 13, 2022

Rob Dyrdek is one of the most well-known pro skaters, entrepreneurs, and media figures of all time. He essentially owned the MTV lineup for years with hit shows such as Rob & Big, Rob Dyrdek's Fantasy Factory, and Ridiculousness. At first glance, Rob may look like a phenomenal skater who turned his passion into something profitable. But behind the half pipes is an almost unbelievable amount of discipline, wisdom, and time optimization that only a select few know about.

Rob, like many entrepreneurs, ditched school early on when he realized that his talents were best used elsewhere. He left high school at sixteen, went on to compete in the highest level of skateboarding, and started his first company at seventeen. He was bringing in millions of dollars a year at an age where money is almost incomprehensible. Rob was fueled by creation, starting dozens of businesses that were doing millions in revenue but weren’t making a financial difference in his life. So, he took a high-level view of what was worth keeping and cut out everything but that.

From then on Rob began investing down two major avenues—businesses and real estate. Most people who follow Rob know about the former, but very few know about the latter. Now, Rob’s on the show to help us celebrate the 700th episode of the BiggerPockets Real Estate Podcast and show us how we too can make millions of dollars by tracking every minute of our day as intelligently as possible.

In This Episode We Cover:

Becoming an entrepreneur and Rob’s earliest business ventures

Why quantity over quality is key when building businesses and brands

Real estate syndications and why Rob will only touch a certain type of property

The “soul-sucking” landlord life and why it is NOT for everyone

Rob’s recession-proof plan that will make him millions even as investing fear peaks

Tracking your life and how doing so will make you richer and happier almost automatically

Building your financial framework and how so many doors open after you do so

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 Elite Investors Know Exactly How Much Their Time Is Worth

Syndications and Everything You Need to Know BEFORE You Invest

Here’s What It Takes to Succeed as an Entrepreneur

Connect with Rob Dyrdek:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-700

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

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

699: Seeing Greene: How Do I Buy Another Property When My DTI is Too High? Dec 11, 2022

Having a high DTI (debt-to-income) ratio is enough to stop many would-be investors from taking the leap and buying their first, or next, rental property. So, what do you do when your income isn't enough to buy the next property? What if you've used up all your financeability on your primary residence or house hack? How can you squeeze out a loan to buy another property?

We’re back on another Seeing Greene episode, where your “one away from seven hundred” host, David Greene, is here to give you practical advice on buying and selling properties. In today’s episode, we take multiple video and written submissions, with topics touching on how to buy more real estate when your debt-to-income is maxed out, what to do with a dangerous tenant, refinancing at today’s high interest rates, and why off-market deals aren’t always what they seem to be. And, if you’ve struggled with setting standards before, you’re in for a special treat, as David gives himself (and all of you) a personal pep talk on expecting excellency.

Want to ask David a question? If so, submit your question hereso 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 Instagramto 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:

The bright side of BRRRRing even with rising interest rates

DTI (debt-to-income) requirements and getting around them for your next deal

When it’s worth selling a rental property that has a low interest rate loan on it

Off-market real estate deals and knowing when a difficult deal is worth pursuing

Setting high standards for yourself and your team while not getting bogged down by lackluster work effort

What to do when a tenant poses a danger to not only themselves but your 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

Set Your Goals with David and Rob

Books Mentioned in the Show

SOLD by David Greene

SKILL by David Greene

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

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-699

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

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

698: From Toxic-Marriage to Financially Independent Mom with 13 Units Dec 08, 2022

Finding financial freedom is hard enough, but doing so right after going through a toxic divorce can seem almost impossible. All of a sudden, you’ve gone from a two-income household to just one, your children are now your sole responsibility, and you’ve got to almost financially start over. Finding financial independence after events like this would be awe-inspiring—so imagine you did it all in just two years. Sarah King did just that, with thirteen units under her belt since buying her house hack property in 2020.

Sarah worked hard to put herself in a strong financial position. She was a debt-free disciple who paid off six figures in debt. Then, she focused on her savings, minimizing her expenses and increasing her income as much as she possibly could. But then, when everything started to feel stable, she uncovered something that would unravel her marriage. She went from financially stable to undoubtedly anxious in a matter of days. But it’s what she did next that was incredible.

Knowing she had to do whatever she could to take care of her daughter, Sarah went on rental property shopping spree. She built the portfolio she knew her family needed, and now just two years later, she’s enjoying the fruits of her non-stop labor. But how did she get the money for the deals? What strategy allowed her to cash flow so much in such a short amount of time? If you want to do what Sarah did, you’ll have to tune into this episode.

In This Episode We Cover:

How to achieve financial independence through real estate in less time than you think

House hacking and why it’s arguably the best way to start investing

Why being scared of debt is a downside when trying to build a rental property portfolio

The medium-term rental strategy and using it to get better cash flow on smaller units

Private money lending and how to raise private capital from those who know and trust you

Hiring, outsourcing, delegating, and how to free up much more time in your life

The phenomenal funnels that will bring you the best tenants, deals, and more 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

Divorced and $250K in Debt to Financially Free in 10 Years

Books Mentioned in the Show

Set for Life by Scott Trench

30-Day Stay by Sarah Weaver & Zeona McIntyre

Raising Private Capital by Matt Faircloth

Simple Path to Wealth by JL Collins

Rich Dad Poor Dad by Robert Kiyosaki

Connect with Sarah:

Sarah's Instagram

Sarah's Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-698

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

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

697: BiggerNews December: 3 Coast-to-Coast Markets We’d Invest in Next Year Dec 06, 2022

Each real estate market has its own type of flavor. Some are short-term rental markets, others are affordable cash-flowing long-term rental markets, and many are in between, capitalizing on strong appreciation with enough monthly profit to keep investors going. The great thing about investing in the US is that we have fifty states' worth of land to buy, improve, and rent out. And today, we’ll be looking at three specific markets, all with wildly different price ranges and profit potential for 2023.

Welcome back to this month’s BiggerNews, where your host Dave Meyer (not David Greene *gasp*) will be interviewing three of the most elite agents across the United States. We’ll talk to Rob Chevez, the investor and experienced agent operating in our nation’s capital, Washington, DC. You’ll also hear from Dahlia Khalaf, managing broker of ASN Realty Group in affordable Oklahoma. And, of course, we’ve got David Greene, California’s favorite realtor, here to talk about why sunny San Diego deserves an investment from you.

With mid-priced markets like DC, affordable real estate in Oklahoma, and massively-appreciating west-coast properties to build your wealth, this episode of BiggerNews shows you how you can invest in ANY of these markets and build wealth in 2023. The agents also talk about the strategies that are working in each market and some of the major pitfalls you could stumble upon if you aren’t a local expert.

Need to find an agent in your neck of the woods? Use the BiggerPockets Agent Finder to connect with a local expert in your area!

In This Episode We Cover:

How markets like Washington, DC, Tulsa, and San Diego are faring in 2023

The oversaturation of short-term rentals and which investors should avoid buying them

The real estate “Bermuda triangle” and why every investor should buy at least one property there

House hacking for cash flow and turning your primary residence into a paid-for mortgage

Subject to deals and other creative financing strategies that work as the buyer’s market takes shape

Advice from expert agents around the country for investors in 2023

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

"On the Market" Podcast

Connect with Dahlia & Rob:

ASN

Dahlia's BiggerPockets Profile

Dahlia's Facebook

GRID

Rob's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-697

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

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

696: How to Plan for (and CRUSH) Your 2023 Goals Dec 04, 2022

It’s 2023 goal-setting time! For some investors, setting goals is a coveted experience where they get to center themselves and plan for the coming year. For others, setting goals can seem stressful as there are too many shiny objects always around to chase. This type of dichotomy exists even among the most experienced investors, as you’ll see in this episode. David Greene, everyone’s favorite investor, agent, broker, and mentor, systematically sets his goals, while Rob “Robuilt” Abasolo, the internet’s short-term rental oracle, does things a bit differently.

In this episode, you’ll get a peek behind the scenes at how two very successful investors set goals in two very different ways. But this isn’t just about real estate investing and building wealth. David and Rob both touch on the personal goals they’ve set out for themselves and how they organically intertwine with the lofty investing goals they’ve set for 2023.

David and Rob both want to grow their wealth substantially in 2023. But this doesn’t mean that they’re just hungry for doors. You’ll hear a crucial tip on how top real estate investors focus more on revenue than on unit count and how mistakenly chasing more properties could put you in a stressed-out situation without much to show for it! If you’re ready to tackle some of your biggest goals yet, tune in to this episode, and bring a planner while you’re at it!

In This Episode We Cover:

How to crush your 2023 goals by revamping and reviewing your 2022 plans

Constantly updating your MINS (most important next steps) to hit goals even faster

The struggles of outsourcing and hiring and why you MUST do it to grow

The “more doors” trap that investors often find themselves falling into

Building your vision for the next year and basing your goals on an end-result

Content creation, building your brand, and becoming a bigger figure in the real estate space

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Hear Our 2022 Goal Setting Episode

Landlord Tax Loopholes That’ll Help You Pay ZERO Taxes in 2022

3 Simple Steps to Set Achievable (Yet Ambitious!) Real Estate Goals

Invest with David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-696

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

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

695: Billionaire Advice that Made a Farm Boy a Fortune in Self-Storage Dec 01, 2022

How much billionaire advice have you gotten? Ever decided to look up the wealthiest people in your area and give them a call? What type of tips could they give you for success? What business ideas would they push you to try? And how would your life change? Instead of speculating, at a young age, Andrew J. Abernathey tried out this strategy, and much to his surprise, he got the billionaire mentor he always dreamed of.

Before that, Andrew was just a simple farm boy. You know how it goes: tending to the field, ordering supplies, and trading futures at ten years old. Yep, you read that right. Andrew was making trading calls on grain prices at only ten years old, a skill that his father helped teach him. At fourteen, Andrew decided to put some money in the stock market, and a year later, walked away with an $80,000 profit. And like all young boys, he knew exactly what he wanted to spend his money on—a million-dollar apartment complex!

Picking up on a pattern? Andrew has been making incredible moves at almost unbelievably young ages. But we haven’t even touched on the most incredible part of his journey yet. In this episode, you’ll hear how Andrew made wild real estate profits at sixteen, met his billionaire mentor by offering him some pie, and went on to build hundreds of millions in self-storage. It’s all true, and it’s all coming up in this episode!

In This Episode We Cover:

The importance of early financial education and investing at a young age

How parents can cultivate the passions their kids possess

Puts and calls, stock trading, and how to invest like Warren Buffett

Apartment investing and how knowing your market can make you millions

How to find a mentor (even if you’re looking for a billionaire!)

Analysis paralysis, shiny object syndrome, and sticking to one strategy

Self-storage development and the details behind the deal

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Here’s What 10 Billionaires Say You Should Do Every Day

Should You Start Investing in Real Estate When You're Young?

How I Hired Warren Buffett as My Real Estate Mentor

Book Mentioned in the Show

Open Secrets of Success: The Gary Tharaldson Story by Patrick McCloskey

Connect with Andrew:

Andrew's Personal Website

Abernathey Holdings

Andrew's Facebook

Andrew's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-695

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

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

694: How to Reach Financial Freedom in 2023 with Small Multifamily Properties Nov 29, 2022

Small multifamily investing is one of the easiest, fastest ways to find financial freedom. We’re not talking about any “get rich quick” promises or risky businesses—thousands of real estate investors have used small multifamily rental properties to live the life of their dreams. And today, we want to help you do the same. We’ve got our multifamily millionaire, Dave Meyer, here to share the tools of the trade! Dave was able to reach financial independence in only a few years, thanks to a small portfolio of multifamily rental properties!

Even if you’re an absolute beginner in real estate, without any properties or experience, small multifamily can be one of the easiest ways to start investing. With low money down options, the ability to house hack, and big cash flow opportunities, any investor can start, or scale, a real estate portfolio with a duplex, triplex, or quadplex. And Dave will walk you through every step of the journey. From finding deals to analyzing them, financing them, and doing it again, this step-by-step process is simple to follow, and can be done in a matter of weeks or months!

So, if you’re ready to build a life you love, have the financial autonomy you’ve always dreamed of, and start investing today, hit play on this episode! And, if you’re interested in using the top-tier tools Dave shows in this video, sign up for BiggerPockets Pro today! Make sure you stick around until the end of this episode—Dave will be giving away a BIG discount with a bundle of bonuses!

In This Episode We Cover:

How to achieve financial freedom through small multifamily investing

Why invest in multifamily rentals and not single-family homes for your first real estate deal

Where to find small multifamily properties (and how to get them at a discount!)

Rental property financing and the different loans to use when closing on your first property

How to analyze a real estate deal in just minutes (no experience needed!)

The dangers of investing in small multifamily properties and what to watch out for

How to get a discount on some of the most-used BiggerPockets tools!

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

Grab the Multifamily Worksheet

BiggerPockets Calculators

Find a Lender for Your Next Real Estate Deal

Already a BiggerPockets Pro Member? Get Access to Pro-Exclusive Videos

Book Mentioned in the Show

Real Estate By Numbersby Dave Meyer & J Scott

Connect with Dave:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-694

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

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

693: Seeing Greene: How to Turn Equity into Cash Flow and Getting Around 20% Down Nov 27, 2022

You’ve got home equity, but maybe not cash flow. If you want to realize financial freedom, you’ll need consistent, passive monthly income. But with cash flow harder to find than ever before, how can you get it when real estate prices and interest rates remain high? Should you give up on cash flow entirely and only bank on appreciation? Maybe not. Using the strategy David outlines today, you can convert your equity into cash flow, but you’ll need to follow the right steps.

Welcome back to another Seeing Greene episode, where David, and some expert guests, answer your questions surrounding anything and everything related to real estate investing. Joining us on today’s show are Dave Meyer, J Scott, and Pat Hiban, all BiggerPockets authors and real estate masters in their own rights. They tag-team questions ranging from how to get around the twenty percent down payment requirement, how to calculate the time value of money on an investment, how HELOCs (home equity lines of credit) work, whether investing in hurricane-heavy Florida makes sense, and more!

Don’t forget to head over to the BiggerPockets Bookstore to get massive discounts on some of the best real estate investing books in the world! Still itching to ask David a question? Submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!

In This Episode We Cover:

How to get around the twenty percent down payment requirement even as a foreign investor

Cash-out refinances vs. HELOCs and which make more sense for the casual investor

Converting equity into cash flow and how to know when you should sell an investment property

Hurricanes, high insurance rates, and other hurdles that come when investing in Florida

Calculating the time value of money and when an investment is worth buying

House hacking and using your primary residence as an income-generating asset

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 Bookstore Cyber Monday Sale

Stay Up-to-Date on All the New BiggerPockets Books Coming Soon

Should You Invest for Equity or Cash Flow?

Books Mentioned in the Show

Real Estate By Numbersby Dave Meyer & J Scott

Connect with David, Dave, J, & Pat:

J's BiggerPockets Profile

Pat's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-693

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

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

692: Fighting Cancer, Financial Freedom, and 20 Units in 2 Years Nov 24, 2022

Financial freedom isn’t something that most Americans strive towards. For the most part, working at a job, getting a steady paycheck, and bringing home the bacon is enough. That is until something forcibly stops you from working. It could be a workplace injury, a family emergency, or even a cancer diagnosis. What do you do when you can’t work or provide for your family, all while fighting a life-threatening disease?

Josh Goldstein was in this exact situation in 2015 when doctors gave him a rough diagnosis—pancreatic cancer. Josh and his wife knew that he could make it through the treatments, but the financial problem still loomed largely. How would they be able to pay the bills, take care of their kids, or continue living the life they loved without any money coming in from Josh’s work? The answer—real estate investing.

After years of analysis paralysis and a deep obsession with BiggerPockets content (woohoo!), Josh bought his first property as the world was starting to shut down. But he didn’t let the lockdowns stop his plan to hit financial freedom fast. Over the past two years, Josh has gone from zero to twenty units, some of which he’s never laid eyes on before. This portfolio, which was built out of a life-threatening situation, is now bringing in hundreds of thousands a year for Josh’s family, providing them well-earned financial independence.

In This Episode We Cover:

Solving life’s hardest problems (even when they threaten to kill you!)

Building your foundation for financial freedom today so you’ll never be out of options

Kicking analysis paralysis to the curb and the simple way to start investing in real estate

Long-distance real estate investing and why it isn’t as scary as you may think

Short-term rental saturation and what will happen as hosts buy more and more homes

Why you always want to double-check the battery life on your home’s smart locks

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 340 with Whitney Hutten

BiggerPockets Podcast 364 with Avery Carl

Books Mentioned in the Show

Rich Dad Poor Dad by Robert Kiyosaki

Long-Distance Real Estate Investing by David Greene

Connect with Josh:

Josh's BiggerPockets Profile

Josh's Instagram

Josh's Email

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-692

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

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

691: Painless Property Management 101 Nov 22, 2022

Property management has always been a sensitive subject for landlords. Most real estate investors either want to be completely hands-off, letting a property manager handle the entirety of their leasing and management, OR be hands-on, constantly dealing with tenant issues themselves. And for a long time, there wasn’t a great way to self-manage. You either ran your business off scraps of paper or insufficient spreadsheets. But it’s 2022, and this has completely changed.

When Ryan Barone was applying for his first apartment, he was blown away by how complicated the tenant application process was. So, he built an app that made it easier for tenants to upload all their documents to landlords. Then, the landlords started reaching out to Ryan asking for a tenant management version of the software. As a result, RentRedi was born, and has slowly grown to become one of the most popular property management tools around!

Ryan credits much of his success to early BiggerPockets users, who constantly tested and tried RentRedi when it was in early development. Now, the software is fully formed—used by tens of thousands of investors across the country. And it comes standard with a BiggerPockets Pro Membership! If you want to know how to manage your properties without the headaches (or high costs) of regular property management, stick around. Ryan gives a full demo on how you can start using RentRedi today!

In This Episode We Cover:

Common landlord and tenant headaches and how RentRedi instantly solves them

Reporting, rent collection, bookkeeping, and more features you can get with RentRedi

How to start self-managing as a new landlord even if you have no experience

How RentRedi used BiggerPockets users as beta testers to build the best property management software around

Outsourcing and delegating tasks so you can build your business faster than ever before

Turning tenant problems into profits and managing your rentals without breaking the bank

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

Try RentRedi Today!

Angel.co

Ryan's BiggerPockets Profile

Connect with Ryan:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-691

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

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

690: Seeing Greene: Why Are My Rental Property Returns Looking So Bleak? Nov 20, 2022

Most investors buy rental property for cash flow, and much to their surprise, no cash flow is to be found once the deal is done. Maybe they’ll get some limited returns in their first year of landlording, but with cash flow-induced frustration, they decide to try another strategy. This happens again and again as real estate investors struggle to realize anything other than a meager return on what was supposed to be a financially-freeing investment. But worry not—this is all part of the plan.

David is back on another episode of Seeing Greene, where he answers the most-pressing real estate questions from across the web. But David isn’t alone in the episode! He brings along real estate investing experts Brandon Turner, Pat Hiban, and Zeona McIntyre to help answer hard-hitting questions surrounding anything and everything related to real estate. This week’s topics touch on shiny object syndrome, when to pay for real estate leads, assisted living investing, 1031 exchanges, short-term rentals vs multifamily investing, and how to find the right mentor.

If you’ve been looking to up your real estate game, head over to the BiggerPockets Bookstore and take advantage of MASSIVE discounts on some of the best real estate books around! And remember to use ANY of today’s hosts’ names as a discount code to get even more off when buying any BiggerPockets books!

In This Episode We Cover:

How to avoid shiny object syndrome when no real estate strategy seems to work

Why most new investors have the wrong idea about cash flow and rental properties

Assisted living investing and who should make the jump into this high-cash flow asset class

1031 exchanges explained and using them to become a passive real estate investor

Short-term rentals vs. multifamily investing and which is the better bet in 2023

How to find a mentor when you’re just starting in your real estate investing journey

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Hear Our Interview with Assisted Living Investing Expert, Isabelle Guarino-Smith

Stay Up-to-Date on All the New BiggerPockets Books Coming Soon

Shop the BiggerPockets Bookstore and Use Codes BRANDON, DAVID, PAT, or ZEONA for a Special Discount

Books Mentioned in the Show

Tax Strategies by Amanda Han & Matt MacFarland

Advanced Tax Strategies by Amanda Han & Matt MacFarland

30-Day Stay by Zeona McIntyre & Sarah Weaver

Real Estate by Numbers by J Scot & Dave Meyer

6 Steps to 7 Figures by Pat Hiban

SKILL by David Greene

BRRRR by David Greene

Long Distance Real Estate Investingby David Greene

Connect with Brandon, Pat, & Zeona:

Brandon's BiggerPockets Profile

Pat's BiggerPockets Profile

Zeona's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-690

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

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

689: Landlord Tax Loopholes That’ll Help You Pay ZERO Taxes in 2022 Nov 17, 2022

Non-investors hate real estate tax loopholes. It always seems like the wealthiest landlords, apartment owners, or short-term rental hosts walk away with not only massive income but little-to-no tax bills at the end of the year. Are investors unethically avoiding taxes OR are they carefully, quietly using the tax code to build wealth and bring their tax burden down to zero? And if the big investors can do it, can average investors use the same strategies?

Whether you own one, ten, or a thousand rental units, Matt Bontrager, CPA at TrueBooks, has a solution for you. He’s been working with real estate investors for years to help them minimize their tax burdens and maximize their portfolio values. And unlike most CPAs, Matt can explain these strategies in a way that excites you, instead of slowly lulling you into a depreciation-induced dream.

Matt touches on the most powerful ways to eliminate your taxes in 2022. These tax strategies work for almost every type of investor, whether you’ve got a full-blown business or just a short-term rental side hustle. These tax tactics, when used correctly, can allow you to walk away from 2022 with a bigger refund, no tax bill, or years’ worth of losses to roll over so you walk into 2023 in a better reposition than ever before.

In This Episode We Cover:

The massive short-term rental tax “loophole” most investors are unaware of

Tax preparers vs. advisors and when you should start hiring these team members

Cost segregation studies and using them to eliminate years’ worth of tax bills

Bonus depreciation write-offs and why every investor MUST take advantage of this before the end of the year

Real estate professional status, its benefits, and what you need to do to obtain it

Tax avoidance strategies the wealthy use that almost any investor can mimic

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

Understanding Rental Property Depreciation—A Real Estate Investor’s Guide

4 Real Estate Tax Strategies That Can Protect You From Inflation

Books Mentioned in the Show

Tax Strategies by Amanda Han & Matt MacFarland

Advanced Tax Strategies by Amanda Han & Matt MacFarland

Connect with Matt:

Matt's Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-689

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

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

688: Scott Galloway (Prof G) on Why Smart Investors Stay Away from “Sexy” Nov 15, 2022

Scott Galloway, NYU professor commonly known as “Prof G,” thinks that America is adrift. Communities are dying, young people are feeling helpless, and wealth is slowly being sucked out of the system to give the ultra-rich even more comforts than before. The average American merely wants to make it—having a house, a family, and maybe an ounce of peace. But with mainstream media violently pointing fingers at one another and the modern worker feeling desolate in the daily grind, what can we do to put this country on the correct course?

Scott knows that the game is rigged. He has strong feelings that real estate investors, like many of us, are playing with “cheat codes.” But, that doesn’t mean we’re doing anything wrong. Scott dives into his personal philosophy on who has taken advantage of this country, who needs the most help, and how a young, aspiring entrepreneur or investor can build wealth, without blindly buying into “sexy” assets.

Although Scott likes real estate (and wishes he bought more of it), he cautions young investors to take a step back and be intelligent with their investments. A few right moves when Scott was young allowed him to live the life he has today—but this was through hard work and taking the right action, not waiting for someone else to save him. No matter what age you are, what side of the political spectrum you fall on, or your feelings toward real estate—Scott has words you’ll want to hear.

In This Episode We Cover:

Scott’s new book Adrift and why he thinks America’s course needs to be corrected

The biggest problems America is facing today and how a specific demographic is rigging the system

The bias against boys and how young men are left behind

How young people can get ahead and why they should steer clear of “sexy” investments

Fiat money, cryptocurrency, and how the American dollar is quickly losing its value

The real estate “cheat codes” that any investor can take advantage of

How YOU can create change in the world that will lead to more equality, friendship, and connectivity

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Dave’s BiggerPockets Profile

Dave’s Instagram

Book Mentioned in the Show

Adrift by Scott Galloway

Connect with Scott:

Scott's Twitter

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-688

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

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

687: Seeing Greene: Using the “Capital Carrot” to Find Money for Your Next Deal Nov 13, 2022

Knowing how to buy a rental property is one thing, but coming up with the money is another. This is the constant struggle real estate investors find themselves in. When they have cash, there aren’t enough deals. When they have deals, there isn’t enough cash. This catch-22 usually puts investors in a spin cycle, never pulling the trigger on their first or next deal. But, it doesn’t have to be this way. With the right mindset, you can find the money to purchase more rental property, even if you’ve run out of options.

This is what expert investor, David Greene, refers to as his capital “carrot,” or the thing that allows him to find (and make) more money to buy even more real estate. And it’s just one of the topics in today’s Seeing Greene show. In this episode, David takes a live call from Garrett, who’s struggling with whether or not to sell or keep his first deal. We also get questions about BRRRRing with high interest rates, where to find medium-term rental tenants, and how to find a realtor in a brand-new market.

In This Episode We Cover:

The house hack “savings” that turn a dud into a screaming real estate deal

Whether or not keep or sell a rental even if you’re not making much from it

How to buy BRRRRs in today’s high-interest rate environment

Dominating a market as a brand new real estate agent or realtor

Where to find medium-term rental tenants and common short-term rental regulations

How to find a rockstar real estate agent when investing out of state

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

Get Real Estate Investing Data, Guides, and Resources

Use the BiggerPockets Rental Property Calculator on Your Next Deal

BiggerPockets Podcast 679 with Zeona and Sarah (Medium-Term Rentals)

BiggerPockets Podcast 680 with Mark Simpson (Short-Term Rentals)

Books Mentioned in the Show

SOLD by David Greene

SKILL by David Greene

Multifamily Millionaire Volume 1 by Brandon Turner & Brian Murray

Multifamily Millionaire Volume 2 by Brandon Turner & Brian Murray

Long-Distance Real Estate Investing by David Greene

30-Day Stay by Zeona McIntyre & Sarah Weaver

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-687

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

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

686: Seven-Figure Flips and Opportunity Zone Investing Nov 10, 2022

House flips, opportunity zone investing, student housing—name a real estate strategy, Evan Turner, former NBA player, has probably done it. Unlike most professional athletes, Evan left the league with more assets than at the peak of his career. He was buying real estate, building homes, and making moves while working a grueling six days a week schedule, knowing that he had to use this opportunity to build something that went far beyond basketball.

Evan grew up in the inner city with a single parent. The realities of struggling for money were all too real for him when he got hit with millions of dollars in his early 20s. He struggled to spend any money for the first few years of his NBA career, which led him to have a surplus that he used in all the right ways. Relying on NBA veterans around him, Evan knew that to build wealth, he needed to up his assets. The most tangible thing he could think of investing in? Real estate.

Now, with many deals under his belt, Evan has become proficient in almost every aspect of buying, funding, and profiting on a real estate deal. He, like many other investors, is seen as lucky for buying consistently throughout the past decade. But Evan knows that the rewards he reaps today came from smart decisions he made years ago. Now, even after he’s out of the game, Evan is still able to bring in seven-figure paychecks. But this time, thanks to smart strategizing, he’ll get to keep most of it.

In This Episode We Cover:

Making the money mindset shift that allows you to build wealth while others waste their resources

Opportunity zone investing and using real estate to revitalize urban communities

Evan’s unbelievable seven-figure fix and flip vacation home deal

Why the first investment property matters most and how to ensure you turn a profit with no experience

Building your real estate team and why everyone needs to network

Taking the “luck” out of investing and why consistency beats timing every 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

The Investing “Cheat Code” of Opportunity Zone Rentals

The 20 Best Performing Opportunity Zones for Real Estate Investors

Tune Into the “Point Forward” Podcast

Connect with Evan:

Evan's Instagram

Evan's Twitter

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-686

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

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

685: How to Easily Find Off-Market Properties (No Experience Required!) Nov 08, 2022

Finding off-market properties was much harder a few years ago than it is today. Before you’d have to drive for dollars, mark down addresses, build a spreadsheet, constantly update it, and maybe, just maybe, you’d get a motivated seller willing to do a deal with you. This process was overly complicated, expensive, and took too much time. Because it was so challenging, many new real estate investors would forego looking for off-market deals entirely and only stick with on-market MLS listings. But things have changed.

We’ve brought back four-time guest, Justin Silverio, onto the podcast to talk about his new tool, Invelo. Invelo puts all your lists, leads, and tasks into one place, so you’re not scatterbrained when building an off-market lead flow. This app allows anyone, no matter their experience level, to find owners, phone numbers, and addresses while tracking your touch points in a systematized, automated way, so you always have new leads coming in.

This software is a game changer for flippers, wholesalers, and any investor trying to dodge the high prices and agent commissions of buying on-market. And Justin assures us, even if you’ve never done an off-market deal, Invelo will give you everything you need to successfully get the first one in the bag. Stick around ‘til the end of the episode, where we share a special way to start marketing for free with this game-changing tool!

In This Episode We Cover:

How Justin started flipping houses and finding off-market deals with no experience

The right way to do direct mail and why so many investor letters get thrown in the trash

Using Invelo to build lists, reach sellers, and get educated on how to find deals faster

How to optimize your marketing budget by only marketing to leads who could turn into deals

Invelo’s automation that scrubs your list for you so you only keep the best leads

A special discount for BiggerPockets Pro and how you can get a free marketing credit with Invelo

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 194

BiggerPockets Podcast 58

BiggerPockets Podcast 82

Use the BiggerPockets Rehab Estimator on Your Next Flip or BRRRR

Invelo

Open Letter Marketing

Books Mentioned in the Show

Finding and Funding Great Deals by Anson Young

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

Connect with Justin & Anson:

Anson's BiggerPockets Profile

Justin's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-685

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

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

684: Seeing Greene: The “Energy of Money” and Why You’re Looking at Debt All Wrong Nov 06, 2022

Interest rates have become a hot topic over the past six months. Back in 2020 and 2021, homeowners were bragging to their friends about their rock-bottom mortgage rates and how they secured financing at three percent or less! But times have changed, and seven percent interest rates are becoming the norm. Now, nobody is bragging—in fact, many investors are too scared to buy, thinking that today’s interest rates are far too high to buy homes with. If you’re following this thought process, you could be making a BIG mistake.

Welcome back with another Seeing Greene episode, where our “high rates, who cares?” host, David Greene, answers questions directly from investors just like you. In today’s show, David coaches a young investor on building his side business, why quitting your job could be a mistake, and how to learn from past deals to build wealth far faster. Then, David pivots into answering questions from investors on how to get over your fear of taking on good debt, how much to have in safety reservesfor your property, and why being scared of high interest rates could hurt you in the long run.

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:

Why quitting your job as a real estate investor could be a BIG mistake

The right way to house hack and how to maximize every piece of property you buy

Good debt vs. bad debt and why most people view mortgages the wrong way

Capital expenditure funds and how much to keep in cash reserves

High interest rates and when refinancing at a worse rate make sense

Seeing money as “energy” and using it to build wealth while others are scared to act

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 Fed’s Plan for Future Interest Rates

Debt Is Good When It Comes to Real Estate

Join David’s “Behind the Shine” Newsletter

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-684

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

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

683: Why Expert Negotiators Love to Hear “No” Nov 03, 2022

Chris Voss is an expert negotiator. After going from a street cop to the FBI and later thriving as a hostage negotiator, he wrote the world-famous book, Never Split the Difference. This book has served as a masterclass in negotiation for almost every field of work, including real estate investing. Although many of Chris’s examples come from life-or-death situations, the same rules and tactics can be applied to real estate investing. That is exactly why Chris pivoted and started coaching real estate agents to become better negotiators.

But maybe you’re not an agent. Maybe you’re just trying to get your first or next deal done, working with a tough buyer/seller, and feeling like you’re making no headway. Chris has seen this time and time again. An overly aggressive buyer comes in, lowballs a seller, the seller then paints the buyer as the enemy, and the duo does a dance to the death ending in no deal done and frustrations at all-time highs. This is NOT the way to do real estate deals, and Chris has some advice that’ll help you change the way you (and your agent) get things done.

Chris goes in-depth on a few concepts, such as why “no” is actually what you want to hear, how to form “calibrated questions” that get you what you want, and why you’ll need to start using “tactical empathy” if you want to close deals faster. These are some of the same tactics that co-host Rob recently used to get a multimillion-dollar property, without much money out of pocket. No matter your skill level, number of deals done, or years of experience, this advice from Chris could catapult your investing to the next level.

In This Episode We Cover:

Reviewing key lessons taught in Chris’s classic, Never Split the Difference

Why most real estate agents will work against their clients, instead of with them

Using overcommunication to develop instant rapport with a buyer, seller, or client

“Tactical empathy” and why it’s a brilliant way to keep your opponent open to offers

Asking “calibrated questions” that make sellers feel safe when working with you

Building a negotiation scarecrow and making someone else (not you) the instant, uniting enemy

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 260 with Chris

The Happiness Advantage TED Talk

Books Mentioned in the Show:

The Full-Fee Agent by Chris Voss

Never Split the Difference by Chris Voss

SKILL by David Greene

Connect with Chris:

Chris' Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-683

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

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

BiggerPockets Bonus: Q&As, Deal Reviews, and Cameos from Your Favorite Hosts Nov 03, 2022

Real estate investing wouldn’t be the same without BiggerPockets. If you were lucky enough to attend BPCon 2022 in sunny San Diego, you’ll know what we mean. With a sea of investors ready to network, advise, and invest with one another, this event shows how powerful the community of real estate investors is. But even if you weren’t able to make it this year, you can still get a sneak peek at what a BPCon panel looks like!

On this bonus episode, sponsored by Rent to Retirement, we take hosts from all our different podcasts to give their advice, expertise, and tips to new and aspiring real estate investors. You’ll hear Ashley Kehr and Tony Robinson from the Real Estate Rookie Podcast answer tactical questions on partnerships, LLCs, and refinancing. Then, BiggerPockets Money Podcast host Mindy Jensen joins The Real Estate InvestHer Show duo, Liz Faircloth and Andresa Guidelli, to play the “spend or save” game.

We also bring on the whole cast of our newest show, On the Market, to analyze two deals live in front of the entire audience to see whether or not two flips are flops. Finally, for all you original BiggerPockets Real Estate Podcast listeners, we have David Greene and Rob Abasolo welcoming a special guest back to the show—one that many of you surely missed.

In This Episode We Cover:

How to apply for a mentorship with hosts from your favorite BiggerPockets Podcast

When to keep properties in your personal name vs. in an LLC

Spending vs. saving, and when to pay top price for contractors, cars, self-care, and more!

Live deal reviews of two “profitable” flips in a hot market and why you can’t always trust the numbers

A special cameo from a long-time friend of the show

David’s secret jiu-jitsu move to instantly de-escalate an 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

Hear Last Year’s Live Panel from BPCon 2021

Rookie Podcast 106: Asset Protection on Rookie

Mentorships on InvestHer

BiggerPockets Podcast 443 with Jim Kwik

Brandon's BiggerPockets Profile

Tony's BiggerPockets Profile

Mindy's BiggerPockets Profile

Andresa's BiggerPockets Profile

Liz' BiggerPockets Profile

James' BiggerPockets Profile

Kathy's BiggerPockets Profile

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

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

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

682: BiggerNews November: Was The “Office Apocalypse” All Hype? Nov 01, 2022

Office investments were supposed to be dead by now. 2020 was supposedly the great exodus, where on-site workers were freed of their commutes, small talk, and trips to the water cooler. We were sold a future where remote work was the only option, where everyone had an at-home standing desk, and nobody needed to wear pants. But, this didn't last long, as companies slowly started taking steps to get workers back into the office, making owners of the offices wealthy once again.

But, with so many companies trying flexible schedules, prioritizing work from home, and renewing their video conferencing subscriptions, will office space still be the same as it was just a few years ago? On this month’s BiggerNews, we brought on Kevin Fagan, Senior Director and Head of CRE Economic Analysis at Moody’s Analytics, to give us the scoop on office investing and commercial real estate in 2022.

Kevin’s team works diligently going through the data behind office investments, highlighting whether or not leases are renewed, how rents are being affected, and if office buildings are truly being abandoned. He brings some good news not only for office space investors, but for real estate investors as a whole, showing that this niche won’t be going away anytime soon. With coworking and residential conversions on the rise, office building investments could be a far smarter move than most investors would assume.

In This Episode We Cover:

How office space investing fared through the pandemic and how far occupancy rates fell

Comparing today’s office investing environment to 2008’s and the stark differences between the two

Office occupancy forecasting and when the data predicts a full recovery

How unemployment rates will affect office investors and whether or not employers will force workers back into the office

The best real estate markets to invest in office space and which big metros to definitely avoid

The benefits of office investing compared to residential real estate and why this low-turnover niche is 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

Dave’s BiggerPockets Profile

Dave’s Instagram

Investing in Office Buildings—A Beginner’s Guide

The Coming Collapse of Downtown Office Real Estate

Connect with Kevin:

Kevin's LinkedIn

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-682

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

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

681: Real Estate Horror Stories: Navigating Six-Figure Losses, Stabbings, and Sewer Problems Oct 30, 2022

There’s a dark side of real estate no one talks about. Crime, destruction, theft, violence—you name it, we’ve dealt with it. With the spookiest day of the year coming close, we’re going to tell you all our terrible real estate tales. Everyone on podcasts and YouTube wants to show you how easy it is to invest, how it’s an assured path to wealth, and rarely what type of mistakes you can make. But we’re flipping the script, bringing in some of the best and brightest in real estate to show that the grass is usually greener where the septic tank is.

Today’s guests, who have all collectively succeeded at failing, are Andrew Cushman, Jamil Damji, and Matt Faircloth. If you’ve been a BiggerPockets listener, these names may sound familiar to you, but if you’re brand new, let us introduce you to these industry giants. Andrew is a multifamily expert and one of the smartest names in the game on screening and underwriting (analyzing) properties. Jamil built the nation’s largest wholesaling operation and is an expert guest on On the Market. And Matt, CEO of the DeRosa Group, literally wrote the book on Raising Private Capital.

But these titans of industry only made mistakes at the beginning of their careers, right? Not quite. They share today a selection of stories that will make you realize that the only successful investors are the ones who can both literally and figuratively weather a strong storm. And if you think it’s all cash flow and cruises for these investors, you couldn’t be more wrong.

In This Episode We Cover:

Why you should ALWAYS check out a property before you buy (and what happens if you don’t)

Becoming the "Sheriff" of your investment and how contractors can easily take you for a ride

1031 exchange mistakes and how to negotiate with a seller even when you’re on a time crunch

Always staying in your lane and trusting your gut when a deal doesn’t feel right

Paying more for insurance and how to financially prepare for a natural disaster

Why even with all the pain, real estate investing is the best wealth vehicle in the game!

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 661

Vantage Point Acquisitions

The DeRosa Group

Jamil’s YouTube

Book Mentioned in the Show:

Raising Private Capitalby Matt Faircloth

Connect with Matt, Andrew, & Jamil:

Jamil's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-681

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

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

680: Why Hosts Are Backing Away from Travel Sites and Building Direct Bookings Oct 27, 2022

Most people stumble into short-term rental investing. At some point, they realize a long-term rental, mother-in-law suite, or family cabin could become a revenue-generating, passive income machine. So what do they do? They go online to all the big travel sites, upload their listing, and start hosting. After a few months or years, they buy another short-term rental, and now, they’ve got multiple properties across a few different sites. The reviews are flowing, and the revenue with it. But one day, it stops.

This happened to Rob when his listing got locked—halting his revenue. Without much of a way to repair this, Rob started thinking of how he could host with autonomy and reduce the risk as his portfolio grew. Sooner or later, Rob and today’s guest, Mark Simpson, started talking. Mark, an expert in hospitality, knew that something like this would happen. It’s why Mark has been helping hosts build their own booking sites over at Boostly.

As a short-term rental expert, Mark helps hosts build an income stream that can’t be paused, limited, or removed. Instead, he and his team give hosts everything they need to get more bookings, pay fewer fees, and keep guests coming back for more. And, as the short-term rental space grows at lightspeed, Mark argues that hosts should start building out these direct booking sites now before it’s too late.

In This Episode We Cover:

The danger of solely hosting your short-term rentals on online travel agencies

How so many hosts find themselves “held hostage” by guests and travel sites

Building your “guest avatar” and modifying your vacation rental to fit your ideal guest

Guest screening tips and how to safely rent your property on your own website

Underrated upgrades to make to your short-term rental that massively boost bookings

Effortlessly converting guests online travel stays and into direct bookings

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

Stop Relying On Airbnb and VRBO and Build A Business You Control

4 Things You Need to Know Before Buying A Short-Term Rental

Boostly’s Property Management Software List

Books Mentioned in the Show:

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

The Book Direct Playbook by Mark Simpson

Connect with Mark:

Mark's Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-680

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

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

679: Medium-Term Rentals: How to Get BIG Cash Flow Out of Small Properties Oct 25, 2022

Medium-term rentals have seen growth like almost no other type of real estate. In the past, if you wanted high cash flow, you’d be hit with the headache of running a short-term or vacation rental. So, most investors who wanted to take the passive investing route stuck to regular, long-term rental properties. But, with interest rates higher than many of us have ever seen, most regular rental properties simply won’t cut it. Thankfully, there's a strategy that merges short and long-term rentals, with many of the combined benefits but few drawbacks.

The strategy is simple: buy a house, furnish it, and rent it out for over thirty days. Surprisingly, doing so will often get you double the rent as a regular rental property without the constant turnover of short-term rentals. Don’t believe us? Maybe Sarah Weaver and Zeona McIntyre can change your mind. They’ve been doing the medium-term rental strategy for years, and it’s what’s given them the financial freedom they enjoy today!

Sarah, shortly after finding out about the medium-term rental strategy, converted many of her long-term rentals into medium-term. Zeona, a former short-term rental owner, knew the high cash flow, low maintenance approach would help her live the nomadic lifestyle she loves. They detail exactly how they did it, what it takes to succeed, and how you can repeat the process in their new book, 30-Day Stay.

In This Episode We Cover:

The medium-term rental strategy explained and why it’s often a better bet than short-term rentals

Switching from short-term rentals to medium-term rentals and why the pivot makes sense

The best guests for medium-term rentals and why it isn’t always about traveling nurses

Which markets work best for this strategy and what bedroom/bathroom count has the highest ROI

Property management, maintenance, and how to make sure your medium-term rental succeeds

Analyzing a medium-term rental property and what extra costs to be aware of

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 229 w/Zeona

BiggerPockets Podcast 300 w/Zeona

BiggerPockets Podcast 563 w/Sarah

Furnished Finder Stats

Books Mentioned in the Show:

Profit like the Pros by Ken Corsini

Raising Private Capital by Matt Faircloth

SKILL by David Greene

30-Day Stay by Zeona McIntyre & Sarah Weaver (Use Code “ZEONA” or “SARAH” for a Discount)

Connect with Sarah & Zeona:

Sarah's Instagram

Zeona's Instagram

Sarah's BiggerPockets Profile

Zeona's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-679

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

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

678: Is the Buyer’s Market Back? How to Find Deals and Steals on the MLS Oct 23, 2022

Let’s be honest. The housing market has been a pain over the past few years. Sellers wouldn’t entertain any offer that wasn’t 10% over the listing price, real estate agents wouldn’t return your calls, and you may have thought that the time to buy rental properties was over. Fortunately, the tides have turned, and the seller’s market has almost overnight become a buyer’s market. Price drops are aplenty on the MLS, real estate agents want to be your best friend, and sellers desperately need to get their homes offloaded. This creates an opportunity for you to start buying deals at a discount.

Jamil Damji, America’s leading wholesaler, knows that now is the time to get properties under contract. He’s been an expert at off-market deal-finding for decades, but now, he says that on-market deals are becoming far easier to find. Combine his nationwide knowledge with David Greene’s agent expertise, and you have a masterclass on finding steals, not just deals, in today’s housing market.

David and Jamil go through eight different techniques you can use to find deals, lock them in at a low price, and grow your real estate portfolio, while everyone else is too scared to act. In times like these, when fear is at an all-time high, smart investors keep their cool, continue buying based on the numbers, and walk away far richer than the average investor. Interested in doing the same? Grab your notepad and write down these eight techniques. There’s a good chance you’ll be using them soon!

In This Episode We Cover:

How the housing market has shifted and whether or not we’ve become a buyer’s market

Off-market vs. on-market deal-finding strategies and which makes sense in 2022/2023

Using “emotional influence” to get a seller to agree to your terms as soon as possible

Building relationships with listing agents so they act as your ally in a deal

How to leverage “bad news” to turn frustration into motivation for a seller

Tell-tale signs of a motivated seller that will quickly get a deal 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

BiggerPockets Podcast 677

BiggerPockets Podcast 667

These 20 Housing Markets Are Cooling the Fastest, According to Redfin

Connect with Jamil:

Jamil's Instagram

Jamil's YouTube

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-678

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

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677: How to Build an Income-Replacing, All Off-Market Rental Property Portfolio Oct 20, 2022

Financial freedom in two years? How can that be possible with high interest rates and higher home prices? If you’re looking at what’s on the MLS as the only deals around, you could be missing out on buying properties that could fast-track your journey to early retirement. Taylor Wing, unlike most investors, didn’t go the conventional route when building his rental property portfolio. But, walking the road less traveled has paid off significantly, as he has already found financial freedom in less time than it takes most investors to buy their first property!

Taylor’s career trajectory was cut and dry from the start. After graduating from West Point, he entered the Army and knew exactly how rankings, raises, and benefits would work from the day he started until the day he retired. This rigidity didn’t sit well with an entrepreneurial-minded, soon-to-be investor like Taylor. After his first house hack, and a very successful BRRRR, Taylor went full-throttle on investing.

Now, just two years later, he has a portfolio of over thirty rental units, a Rolodex full of private money lenders, and teams in multiple states ready to help him grow. So what sets Taylor apart from the rest? Aside from his resilience, Taylor chose to take action once he had enough information, instead of falling victim to analysis paralysis. If you follow Taylor’s advice, you too could grow a portfolio as fast as he did!

In This Episode We Cover:

Taking action, pushing past fear, and refusing to be stuck in analysis paralysis

Direct-to-seller marketing and how to find off-market real estate deals

Creative financing strategies, the subject to method, and no money down deals

Defining your “buy box” and red flags when looking for a BRRRR or rental property

Building your real estate team and the most important hire you can have

How to create an actionable plan to reach financial freedom in only a few years

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 About “Reverse Flipping” with Ashley Hamilton

Jamil's Instagram

The 30-Something’s Guide to Financial Freedom

Try Follow Up Boss to Get More Real Estate Deals

Books Mentioned in the Show:

Financial Freedom with Real Estate Investing by Michael Blank

Traction by Gino Wickman

Connect with Taylor:

Taylor's BiggerPockets Profile

Taylor's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-677

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

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676: Rob's Real Talk: What Running Short-Term Rentals at Scale REALLY Looks Like Oct 18, 2022

The short-term rental game is not one to enter lightly. Regular rental property investors shudder at the constant turnover, consistent guest complaints, and far more intensive upkeep that vacation rental property owners pride themselves on. But is a week in the life of a self-managing short-term rental empire owner that bad? Well, maybe we’ll just have Rob Abasolo AKA Robuilt, YouTube’s go-to authority on vacation rental investing, answer this.

Rob has had a troubling week to put it lightly. From guests somehow deadbolting themselves out of their homes to ACs being frozen solid, sending vacationers to the wrong address, and almost obliterating a $20,000 pool, many things can go wrong in the realm of short-term rentals. But, is the profit worth the pain?

Dave Meyer from On The Market joins along this episode to act as Rob’s therapist/cheerleader as we go through a week’s worth of almost unbelievable events in the life of a vacation rental property owner. This episode highlights lessons learned from each mistake that you can use to build a better rental property portfolio, have a more seamless customer experience, and maybe get a little more “me and my burrito” time.

In This Episode We Cover:

Setting up fail-safes around your short-term rental so guests always have a way in

Why sticking to your guns isn’t always the best way to build a strong vacation destination brand

Supply chain shortages and how it’s severely delaying short-term rental owners

Why you should never fully drain a pool (unless you like paying $20,000+ in repairs!)

Using speed to your advantage and making guests feel heard as soon as a problem arises

Staying in contact with your team so you can solve problems smarter

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 Ultimate Guide to Short-Term Rental Properties

How I Perfected the Process of Self-Managing My Rentals

Vacation Rentals Are Popular, But Are They Profitable?

Book Mentioned in the Show:

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

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-676

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

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675: Seeing Greene: When Does It Make Sense to Refi with High Interest Rates? Oct 16, 2022

Mortgage rates are up, which is good news for (almost) no one. Those who have built huge equity gains over the past few years now feel like they’re stuck at a crossroads. You could pull a cash-out refinance to buy another investment property, but with such high mortgage rates, is it better to wait out the market? This standoff between buyers, sellers, and the Federal Reserve have many investors confused about the next move to make. Thankfully, our in-the-field investing veteran, David Greene, is here to help.

Welcome back to another episode of Seeing Greene, where your host David answers questions on the spot from investors spanning every skill level. We’ve got video and text submissions this week, with topics ranging from whether to wait or buy now, how to push past negativity when you’re struggling to find deals, when to refinance while interest rates rise, asset protection basics, and much more. These in-depth answers from David will probably solve top-of-mind questions you may have too!

In This Episode We Cover:

Whether to buy now or wait for a housing market correction

How to get out of a negative mindset when struggling to find deals

“Timing” your refinance to get the lowest rate possible (and whether or not it’s worth it)

What most investors get wrong about house hack “cash flow”

Asset protection basics and if an LLC is necessary for your first rental

Self-management vs. property management and when to trade money for 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

Jonathan's BiggerPockets Profile

Book Mentioned in the Show:

Real Estate by the Numbers by Dave Meyer & J Scott

Connect with Jonathan

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-675

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

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674: Investor Update: The "10 Deals on $20K/Year" Investor's Explosive Growth Oct 13, 2022

Ashley Hamilton is a landlord, multi-unit investor, reverse flipper, hard money lender, and everything else in between. You may recognize her name from episode 331, appropriately titled “10 Real Estate Deals on a $20K Waitress Salary,” which became one of the most popular BiggerPockets Real Estate Podcast episodes. If you haven’t heard of Ashley, here’s a quick rundown: As a teen mom, Ashley was working hard daily to provide for her kids. With only a $20K/year salary, she began buying rental properties, often in cash, in the Detroit area. The last time we chatted, Ashley had ten units. But now, things are very different.

Ashley knew that ten units and $7,000/month in cash flow was life-changing, but wanted to go even bigger. Since then, she’s rapidly expanded her rental property empire, growing her portfolio by many multiples and expanding into other businesses like consulting and hard money lending. She’s even developed her own version of the BRRRR strategy called “reverse flipping,” which makes high interest rates a non-issue when trying to refinance out of your property.

She gives some killer tips on keeping tenant turnover low, why paying taxes isn’t such a bad thing, and how betting on cities like Detroit can make you much wealthier. One surprising thing about Ashley is that she built the foundation of her portfolio on cash deals while making a below-poverty salary. So if you think money is the one thing stopping you from investing, Ashley will probably change your mind!

In This Episode We Cover:

Buying properties in cash and why leverage isn’t always the best move to make

What to do once you’ve hit financial freedom and building generational wealth

Going slow to build a property portfolio fast and “portfolio architecture”

Reducing tenant turnover and how Ashley kept 80% of her tenants over ten years!

The “reverse flip” strategy and why you should be on the lookout for PILFs

Investing even on a low salary and where cash flow can still be found

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Hear Our First Interview with Ashley

Tenant Turnover Can Wreck Your Profits—Here’s the Simple Solution to This Costly Issue

Book Mentioned in the Show:

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

Connect with Ashley:

Work with Ashley Hamilton Consults

Ashley's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-674

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

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673: Beyond Cash on Cash: How Thinking Like an Investor Unlocks More Deals Oct 11, 2022

What sets apart your everyday real estate investor from an investing expert? While novice investors are focused on cash flow only, veteran landlords focus on something worth much, much more. Thankfully, even if you’re just getting started on your investing journey, you don’t have to go through the hard work that experts like Dave Meyer and J Scott went through. Instead, you can hear their time-tested advice today, and grab their new book Real Estate by the Numbers!

J, a techie turned master flipper has written numerous books on estimating rehab costs, calculating real estate deals, and recession-proof investing. Dave, our VP of Data and Analytics and host of On the Market, has been head-down in housing market data for the past decade. These two real estate investing juggernauts combined their knowledge to write a book that lets every investor, no matter their skill level, find better deals, calculate profits smarter, and build wealth faster.

In this episode, we talk about calculating cash flow, ROI, and other metrics that may, or may not, matter as much as you’d think. You’ll hear how these two experts use much more than the numbers to define which deals are worth buying. After this episode, you may look at your portfolio differently, or even think about selling some of the properties you thought were “winners” before!

In This Episode We Cover:

The math behind the real estate deal and which metrics matter more than most

Calculating which properties work best for your portfolio

Defining your “buy box” and using it to filter through deals so you can build wealth faster

Why your property’s ROI (return on investment) might be even better than you think

How to start thinking like an investing expert and the lump sum vs. cash flow debate

Understanding the time value of money and how it’ll make you richer quicker

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Here’s Why You Should Consider Investing in Senior Living

Should You Invest In Senior Housing (And Is Now the Right Time)?

Genworth’s Cost of Care Survey

BiggerPockets Calculators

Book Mentioned in the Show:

Real Estate by the Numbers by Dave Meyer & J Scott and Use Code “DAVE” or “JSCOTT” for 10% Off

Connect with Dave & J:

J's BiggerPockets Profile

J's Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-673

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

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

672: Seeing Greene: Interest Rates, Flipping Tips, and Investor-Only Loans Oct 09, 2022

Rising interest rates are being met with some negativity from investors. Deals don’t make sense anymore, cash flow is becoming almost extinct, and those who could qualify just a year ago are barely making the cut. How could mortgage rates almost doubling over the past year make buying real estate possible, let alone profitable in 2022? David Greene, veteran real estate investor, says that now is the time to buy!

Welcome back to another Episode of Seeing Greene, where David hits on some time-sensitive questions surrounding the world of real estate. We touch on private money lending, the housing market and interest rate updates, how to “gift” a down payment, real estate partnerships, goal setting, and who should stay away from house flipping. If you’re just starting your journey in real estate investing, this is the episode to listen to!

In This Episode We Cover:

Why rising interest rates make buying real estate even easier in 2022

How to ensure a private money lender feels protected in a deal

Real estate partnerships and the right way to gift a down payment

DSCR loans and other investor-only financing options you can use to scale your portfolio

Novice flipper tips and who should and shouldn’t be flipping homes

How to set bigger, better goals that allow you to accomplish your dreams at light speed

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

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Buy, Rehab, Rent, Refinance, Repeatby David Greene

The Richest Man in Babylon (BiggerPockets Edition) by George Clason

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-672

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

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671: Will the “Silver Tsunami” Flood You with Cash Flow? Oct 06, 2022

Assisted living investing isn't your typical type of rental property investing. When someone thinks “I want to get rich in real estate,” they’re often not considering setting up a home for seniors, those in medical decline, or medical patients. Investors almost prematurely dismiss any idea of RAL homes (residential assisted living) if they have no medical background and no personal need to do it themselves. This can become a costly mistake, especially when the evidence adds up on why assisted living could be the most recession-proof real estate investment out there.

Isabelle Guarino-Smith is one of the investors that decided to go down this path. Without any medical experience of her own, she led her family business to become a successful assisted living brand throughout the state of Arizona. When her grandmother needed care many states away, Isabelle’s father realized that building not only a better facility, but a more profitable portfolio, was a smart move to make. And this risk has paid off significantly, as Isabelle now takes home a five-figure monthly cash flow from each of these properties.

She knows that the “silver tsunami” is coming in quickly and that capitalizing on this niche now could mean even great profits in the future. But, this isn’t all about the money for Isabelle and her team. She’s seen how much better care seniors can get in smaller facilities and that this type of investment doesn’t just pay itself back in profits, but in knowing that you’re making a difference in the lives of those who need it most.

In This Episode We Cover:

How to transition from residential real estate investor to assisted living specialist

The three types of senior housing facilities and the only one worth investing in

The “silver tsunami” that’s on the way and how to capitalize on it before it’s too late

Financing options for assisted living investments and how to raise capital

Renovation tips, common costs, and how much you can expect to make on your first facility

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Here’s Why You Should Consider Investing in Senior Living

Should You Invest In Senior Housing (And Is Now the Right Time)?

Genworth’s Cost of Care Survey

Books Mentioned in the Show:

Rich Dad Poor Dad by Robert Kiyosaki

The Pumpkin Plan by Mike Michalowicz

The 5am Club by Robin Sharma

Connect with Isabelle:

Isabelle’s Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-671

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

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

670: BiggerNews October: Should You Sell Before the Fed “Creates” a Crash? Oct 04, 2022

After a strong housing market runup, the Federal Reserve is looking to tame this economic beast with yet another rate hike. Most investors see now as a time to take a step back, invest less, and hold their financial positions steady. But, are we approaching a 2009/2010-type scenario where home prices dramatically drop, and deals are easier to find than ever before? On this month’s BiggerNews, we bring in Kathy Fettke, nationwide real estate investing expert and On the Market expert guest, to give her take on upcoming opportunities.

In a recession or correction, smart investors deploy their “defensive investing” techniques, allowing them to pick up steals, not just deals, and fold properties into their portfolio that can help float them during times of trouble. Even as an intense investor, Kathy adopts the “aggressively defensive” tactic, the same one Rich Dad Poor Dad author Robert Kiyosaki told her about back in 2008. Simply put, industry experts like Kathy aren’t thinking of selling—they’re focused on buying!

To wrap up, Dave, David, and Kathy give some practical tips on time management, and how to keep buying as you get busy. With only twenty-four hours in a day, these big-time investors still find ways to run business, record podcasts, and buy new deals, but only thanks to a system they’ve designed. Before you know it, you might be in too tight of a timeline to actively invest, so start implementing these tips now!

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

Subscribe to the “On The Market” YouTube Channel

BiggerPockets Podcast 502

The Fed Basically Admitted It. They Want a Housing Correction

Real Wealth

Grow Developments

Books Mentioned in the Show:

Real Estate by the Numbers by Dave Meyer

Rich Dad Poor Dad by Robert Kiyosaki

Connect with Kathy:

Kathy's BiggerPockets Profile

Kathy's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-670

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

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669: Seeing Greene: Is BRRRR Investing About to Get Even Better? Oct 02, 2022

BRRRR investing has become one of the most popular real estate investing strategies across the United States. But, the great contractor shortage of 2020 and 2021 almost decimated BRRRR investors. Record high prices, dragged-out timelines, and the inability to rely on almost anyone to fix up houses brought this strategy close to extinction. But now, we’re seeing a second wind of BRRRR investing as contractors aren’t being stretched so thin and competition for real estate starts to slump.

Welcome back to another episode of Seeing Greene, where your “I don’t seek validation, validation seeks me” host, David Greene, is back to answer your questions on anything related to real estate. In this episode, we talk about investing methods such as the BRRRR strategy, real estate syndication investing, becoming a real estate professional, and more. We’ll also touch on some deeper topics like why so many new real estate investors crave validation, how to know when to fire your property management company, and the medieval meaning of “racking your brain.”

In This Episode We Cover:

How less competition for contractors could make the BRRRR strategy much more viable in 2022

Real estate syndications vs. investing in your own deals (and how to know which is a better choice)

Becoming a real estate professional to significantly lower your taxable income

Refinancing a property even if you lack a W2 or don’t have consistent income

The right way to find a mentor and taking the “apprenticeship” role instead of asking for advice

When to switch property managers and questions to ask before you let them go

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

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

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

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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!

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

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!

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

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!

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

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!

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

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!

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

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!

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

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!

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

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:

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!

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

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

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

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

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

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

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

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!

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

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!

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

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!

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

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!

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

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!

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

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!

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

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:

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!

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

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:

Avery's BiggerPockets Profile

Craig'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!

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

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

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

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!

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

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!

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

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!

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

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!

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

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!

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

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!

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

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!

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

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

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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

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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!

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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

BiggerPockets Rental Property Calculator

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

BiggerPockets Rent Estimator

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!

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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

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

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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

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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!

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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

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

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

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

Sam'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

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!

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

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