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ResiClub: The cost breakdown for constructing a single-family home in 2024

ResiClub: Did Warren Buffett see this coming? Homebuilder margins face pressure in 2025

ResiClub: The vanishing young homebuyer: Median first-time homebuyer age jumps from 28 in 1991 to 38 in 2024

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Inventory Is Key to a Stable Real Estate Market—Will It Recover?

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Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1101

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The Ultimate Underrated Rental Property of 2025 (for Small Investors) Mar 26, 2025

Show notes

What’s the best rental property for the average investor? It’s not a single-family rental, it’s not a large apartment building, it’s not even a duplex or a triplex—it’s a “sweet spot” small multifamily. These investment properties, ranging from five to 25 units, make more money, are easier to manage, and help you scale faster to achieve financial freedom. Even large multifamily investing experts like Brian Burke are ditching the huge apartment complexes to buy these.

But what makes these small multifamily investment properties so much better than their bigger and smaller counterparts? We’re discussing the massive investing opportunities in 2025 for these properties with Brian today and how new investors and those looking for a manageable portfolio can leverage these properties to reach financial freedom.

These types of properties are still experiencing low prices with limited competition, which means that if you know about them, you already have an advantage. How long do we have until multifamily prices rebound and these investments become out of reach for regular investors? How do you analyze a small multifamily property to ensure it makes you monthly passive income? Brian shares his wisdom and gives an exact timeline for when it may be too late to buy.

In This Episode We Cover:

The rental property “sweet spot” for more income and fewer headaches

Why it’s easier to own multifamily than single-family homes

The multifamily real estate crash and why prices are LOW right now

How to analyze small multifamily before you buy and which expenses most new investors forget

What makes a “good” small multifamily real estate deal in 2025

And So Much More!

Links from the Show

Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations

Grab Brian’s Book, “The Hands-Off Investor”

Property Manager Finder

How to Buy a Small Multifamily Property (A Step-by-Step Case Study for Newbies!)

Connect with Brian

(00:00) Intro

(01:54) The Rental Property “Sweet Spot”

(04:31) Management is EASIER!

(07:36) It’s On SALE!

(10:53) How Long Will Opportunity Last?

(13:38) “Good” Deals in 2025

(17:48) How to Analyze Small Multifamily

(24:03) Can Small Investors Do This?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1100

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13 Rental Units with a “Rinse and Repeat” Investing Method Mar 24, 2025

Show notes

This investor built a multimillion-dollar real estate portfolio with low-money-down loans and little cash-to-close. Thanks to his smart “rinse and repeat” strategy, he’s quickly scaled from zero to 13 rental units in just four years, all while collecting thousands of dollars of cash flow a month. He would have never been able to get to this place if he hadn’t followed a strategy many investors are too scared to try.

Mike Johnson knew the best way to take bigger career risks was to have a backup plan. The ultimate passive income plan? Rental properties. But he didn’t want to put 20% to 25% down on each property he bought, so he started where many investors do—house hacking. Four years later, he’s continued his repeatable house hacking strategy, purchasing a new property every year, living in one unit, and renting out the others.

This has allowed Mike to build a portfolio worth $3.4 million in just four years while buying in B+ or A-class neighborhoods and taking home a healthy amount of cash flow. But he has dealt with his fair share of headaches—squatters, non-paying tenants, and a lot of purple paint. Mike still says investing has been a massive win for him, and you can repeat his same strategy!

In This Episode We Cover:

How to start investing in real estate with little money using the house hacking strategy

Why your primary residence IS an investment (and a phenomenal one at that)

The biggest mistake Mike made that led to him buying a property with a squatter in the unit

The new 5% down multifamily loan you can use to buy bigger, better, more expensive properties

The cash flow AND appreciation market Mike is bullish on (and keeps investing in)

When to self-manage vs. hire property management for your rentals

And So Much More!

Links from the Show

Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust

Mikes Instagram

Mikes LinkedIn

Save $100 on Real Estate’s Biggest Event of the Year, BPCon2025

Grab the Book “The House Hacking Strategy”

Find Investor-Friendly Lenders

Download the “Should I Buy Points” Resource

Connect with Mike

Find investor-friendly tax and financial experts with BiggerPockets Tax & Financial Services Finder!

(00:00) Intro

(01:28) Investing to KEEP Working?

(03:32) First Deal with $19K Down!

(09:12) 3.5% Down 4 Unit!

(13:27) Worst Tenant Ever

(18:51) 3 More Units and Hiring Management

(23:32) $1.5M Property for $38K Down!

(23:41) SOCIAL - 38k cash for a $1.5m property

(28:14) Your Primary is the BEST Investment

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1099

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March 2025 Housing Market Update: Are Price Declines Coming? Mar 21, 2025

Show notes

The housing market saw significant “softening” in February, with inventory rising, demand shrinking, and buyers regaining more control while sellers find themselves in a tough position. Why is this happening now, especially as mortgage rates continue to dip? With recession fears and economic tensions running high, Americans worry what’s coming next, causing much of the economy to shift. With price declines already happening in some markets and more potentially on the horizon, when is the right time to buy?

We’re back with a March 2025 housing market update, going over what’s happening in the national housing market, which states are seeing the hottest (and coldest) housing demand, what’s going on with mortgage interest rates, and why the market is noticeably softening.

But the real question remains: How can YOU continue building wealth while others fear the worst? Is this your “be greedy when others are fearful” moment? Dave is giving his take and sharing how he’s tailoring his own investing strategy in 2025.

In This Episode We Cover:

Why the housing market is starting to noticeably “soften” in 2025

Hottest/coldest housing markets in the United States with the most/least inventory

Are price declines coming? Whether we’ll end this year with negative price growth

Why mortgage rates are dropping, but housing demand isn’t rising

Why real estate could be the “First In, First Out” investment of 2025’s wild economy

Whether or not now is the time to buy and what could cause a reversal of these worrying trends

And So Much More!

Links from the Show

Redfin Housing Market Data

ResiClub Housing Inventory Data

Consumer Confidence Index

Unemployment Claims Data

GDPNow

Invest in Private Market Real Estate with the Fundrise Flagship Fund

Invest in Any Market Cycle with “Recession-Proof Real Estate Investing”

Find Investor-friendly Tax and Financial Experts

Will Mortgage Rates Fall Below 6%? Here’s What Could Trigger Low Rates

(00:00) Intro

(01:54) The Market is “Softening”

(03:19) Inventory is Rising

(07:48) Hottest/Coldest Markets

(12:22) Price Declines Coming?

(13:39) Mortgage Rates Are Dropping

(19:10) The FIFO Scenario

(26:11) Should You Buy NOW?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1098

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How to Unlock Your Home’s Hidden Passive Income Stream (ADUs 101) Mar 19, 2025

Show notes

There’s a hidden passive income stream in your basement, backyard, or garage, and only one investing strategy can unlock it. More and more homeowners and landlords are using this strategy to pay their mortgages, pad their pockets with cash flow, and increase their home values significantly. Of course, we’re talking about ADUs (accessory dwelling units), the rental properties that states are begging you to build, and you can do so right now with the home you already own.

To help you affordably (and profitably) build your first ADU, we brought on Derek Sherrell, AKA That ADU Guy, to give you the beginner steps to your first attached (or detached) investment. We’re walking through which properties have the best ADU opportunity, how much an ADU costs to build or convert, how much an ADU will make, how to fund and finance your first ADU, and how Derek builds an ADU from scratch in just 90 days!

Derek often makes an infinite return on his ADU investments, and he’s teaching you how to do the same! If you’re in an expensive state like California, Oregon, or Washington, this strategy is even more effective as you can collect more rent AND do so without local regulations slowing down your ADU progress!

In This Episode We Cover:

How much an ADU costs to build, and the wild returns Derek is making in 2025

The most affordable ADU conversion that will boost your property’s cash flow

Three crucial beginner tips when designing and building your first ADU

How to finance your ADU conversion/build and why Derek loves HELOCs

Best states for building ADUs and who to call BEFORE you decide to build

And So Much More!

Links from the Show

Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust

Save $100 on Real Estate’s Biggest Event of the Year, BPCon2025

Grab Dave’s Book, “Start with Strategy”

Find Investor-Friendly Lenders

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

Derek's BiggerPockets Profile

Derek's Website

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1097

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Building HUGE Equity With 100% Hands-Off Investing Mar 17, 2025

Show notes

House flipping can make you wealthy. Everyone has seen the TV shows, podcast interviews, and the high-priced renovations, even in their own neighborhoods. But what if where you live is WAY too expensive to flip houses? The home costs are high, the labor costs are high, and underpriced, outdated homes are hard to find. Thankfully, you’re not out of luck. Today, we’re teaching you how to flip houses from a distance, even thousands of miles away!

Dominique Gunderson is currently flipping 12 houses from 2,000 miles away. Yes, it’s possible (and profitable), and Dominique has made it her full-time business. As a Los Angeles native, Dominique couldn’t afford anything in her home market, but through visiting family in New Orleans, she realized it was the perfect place to flip. So, she slowly started scaling a team that would allow her to be anywhere in the world while she ran her business.

In only her mid-twenties, she’s been able to build a team that takes care of the renovations and rehabs for her while she handles finding the deals and getting the funding. Today, she’s teaching you how to do the same: build your out-of-state team, scale the right way, and when (and how) to delegate so you don’t do all the work. She’s even breaking down her profit margins and revealing how much you can actually make flipping in affordable markets.

In This Episode We Cover:

How to flip houses anywhere (and FROM anywhere!) without doing the work yourself

How much long-distance flips can make you in 2025 (Dominique’s profit margins)

Building your boots-on-the-ground team to handle renovations for you

When to flip vs. hold and signs a flip should become your next rental property

The secret to scaling your team so you can do less work and make more money

And So Much More!

Links from the Show

Grab “The House Flipping Framework” Book

Invest in High-ROI Turnkey Rentals with Rent to Retirement or Txt REI to 33777

Find Investor-Friendly Lenders

BiggerPockets Real Estate 587 - Full-Time Flipping (Out-of-State!) at 24 by Doing What Most Don’t Know w/Dominique Gunderson

Connect with Dominique

Find investor-friendly tax and financial experts with BiggerPockets Tax & Financial Services Finder!

(00:00) Intro

(03:35) Long-Distance…Flipping?

(05:28) Flipping 12 Houses at Once!

(07:52) Building Your Team

(12:49) First Deal and 2025 Profits

(19:13) Keeping Flips as Rentals

(22:06) Secrets to Scaling

(31:38) Keep it Small (But Scalable!)

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1096

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

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Scott Trench: How I'm Protecting My Money From “Irrational Exuberance” Mar 14, 2025

Show notes

Stock prices are falling, and Americans are fearful. Tariffs, trade wars, economic tension, and interest rates are putting pressure on asset prices. Commercial real estate has already crashed, but the worst may be yet to come. Home prices aren’t growing; in fact, small multifamily prices may even be declining. What should you do? We can’t provide financial advice, but Scott Trench, CEO of BiggerPockets, is revealing how he’s protecting his wealth in 2025.

A recession could be coming; we’re all aware of that. But what does this mean for real estate, stock, crypto, and gold prices? The “irrational exuberance” bubble seems to have popped after stocks hit wildly high price-to-earnings ratios, Bitcoin soared to six figures, and gold began a massive runup. Things are about to change very quickly.

Scott is putting his money where his mouth is, revealing the contrarian moves he’s making to his portfolio to keep his wealth growing during this increasingly volatile period. He’s giving his stock market prediction, interest rate prediction, and home price prediction and sharing where real estate investors should look for stellar deals as everyday Americans run away in fear.

In This Episode We Cover

Scott’s exact portfolio allocation: what he’s selling and what he’s holding NOW

The speculative bubble that could be very close to (if not already) popping

Will interest rates rise further despite market volatility?

The biggest buying opportunities for investors to score killer deals on investment properties

The critical risk to index funds that investors MUST be aware of

Could commercial real estate prices crash even more, creating substantial potential margins for investors?

And So Much More!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1095

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

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Pro’s Guide to Property Management: Work Less, Make More from Your Rentals! Mar 12, 2025

Show notes

Property management can make or break your real estate portfolio, and most new investors don’t know where to start. Do you hire a property manager or self-manage your rental(s)? How do you know a property manager will ensure your rental is performing instead of just collecting a monthly fee? Should you use a local property management company or a national chain?

The real question: who will make YOU more money and keep your rental on track with your goals?

Want to spot an average property manager vs. one that builds your wealth? Follow Selali Kalevor’s advice. He’s not only a property manager himself but an “upside” investor as well, who knows what it takes to make not only his clients' properties perform but also his own. He shares the key questions to ask ANY property manager and must-know tips for self-managing rentals.

Plus, Dave and Selali describe the one thing that makes a property manager a massive value to rental property investors, and if your manager can’t do this, you might as well find a new one.

In This Episode We Cover:

Crucial questions to ask a property manager to see if they’re worth the fee

Hiring a local vs. national property management company (and what to check before you hire them)

The type of “manager” that will make you more money with less stress

Signs that you should (or shouldn’t) be managing your properties yourself

The #1 most important factor when hiring a property manager

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Get Fast, Affordable Landlord Insurance with Steadily

Save $100 on Real Estate’s Biggest Event of the Year, BPCon2025

Grab the Book “The Self-Managing Landlord”

Property Manager Finder

78 Questions To Ask A Property Manager Before Hiring Them

Connect with Selali

(00:00) Intro

(01:56) Becoming a Property Manager

(06:12) Picking a Property Manager

(11:09) Local vs. National Property Managers

(18:58) Best Managers Do This

(24:56) How to Self-Manage

(27:11) Know Your Property’s “Why”

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1094

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

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Financial Freedom in 11 Years Thanks to This “Perfect” Rental Strategy Mar 10, 2025

Show notes

Imagine getting paid to buy rental properties. Well, it’s more than possible, and today’s investor proves it. After spending months looking for the “perfect BRRRR” property, Jon Kessler stumbled upon it and, through a series of fortunate events, got paid $50,000 to buy a cash-flowing rental property. And guess what? This wasn’t a one-time occurrence. Jon repeated this strategy multiple times to build his real estate portfolio with little money and reach financial freedom in just 11 years!

So what is the “perfect BRRRR” strategy, and how can you repeat it to get paid at the closing table, just like Jon? Today, Jon is walking us through his decade-long real estate investing journey, starting with being tens of thousands of dollars underwater on his home in 2008 to getting paid to buy rental properties, building an off-market lead business, and eventually getting to his true goal: financial freedom and truly passive income.

Jon faced a LOT of ups and downs. He started with zero investing experience, had non-paying tenants, a home with negative equity, and built his real estate portfolio all while working a full-time job and raising kids. Think you can’t invest in real estate in your situation? Jon will prove you couldn’t be more wrong!

In This Episode We Cover:

The “perfect BRRRR” investing strategy that pays YOU to buy rentals

Financial freedom in just a decade and why it’s still more than possible

Why you should turn your primary residence into a rental property when you move out

Working with wholesalers and how to score super underpriced real estate deals

How Jon finds his off-market real estate deals and the method he uses to contact motivated sellers

100% passive income and what Jon is investing in now for more time freedom

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

PassivePockets

Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust

Grab the BRRRR Book

Find an Investor-Friendly Agent in Your Area

BiggerPockets Real Estate 1072 - How to Make More Passive Income with Fewer Rentals (& ACTUALLY Retire Early)

Connect with Jon

(00:00) Intro

(01:55) "Accidental” Landlord

(04:59) Buying His First True Rental

(08:05) Finding the BRRRR Method

(12:28) Getting Paid to Buy Rentals

(18:09) SUPER Underpriced Homes

(21:36) Finding Off-Market Deals

(25:06) Shifting to “Passive” Income

(29:00) 100% Passive Investing

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1093

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

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The Overlooked “Upside” That Will Make Future Landlords Rich Mar 07, 2025

Show notes

Your rental properties are about to make even more money. There’s one often overlooked real estate investing “upside” that, over time, makes rental property investors and landlords rich without any extra effort. This is one upside that Dave is exceptionally bullish on and is one of the most compelling cases for rental property investing. It’s not home price growth, it’s not tax benefits, and it’s not zoning changes—it’s simple: rent price growth.

Rent has steadily grown throughout the history of the housing market and shot up at an extreme pace during 2020 - 2022. Now, the pendulum is swinging in the other direction as rents soften and tons of supply hit the market. But how far are we from going back to the days of solid rent growth? And with the new housing supply already starting to be absorbed, could we get to above-average rent growth again? We brought Chris Salviati from Apartment List on the show to share his team’s rent research.

Over time, your rental income will rise significantly while your mortgage payment stays the same, boosting your profits. So, where are rents poised to grow the most? Will we ever experience 2021-level rent growth again? And will 2025 be the year strong nationwide rent growth returns? We’re breaking it all down today so you know exactly where rents are headed next!

In This Episode We Cover:

Why “rent growth” is one of the most underrated “upsides” of real estate investing

The 2020-2022 rent price explosion explained and why rents skyrocketed

What has been keeping rent growth suppressed for the past few years

Markets with rent declines that could quickly reverse (significant buying opportunities)

The property classes (A/B/C/D) experiencing the most rental demand (it’s NOT the nicest ones!)

Multifamily vs. single-family rent trends and whether new apartments drive down home rent prices

And So Much More!

Links from the Show