BiggerPockets Real Estate Podcast

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Do mortgage rates have room to drop lower?

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

Find Investor-Friendly Lenders

Mortgage Rates Hit 2025 Low as Recession Fears Rise

Read Logan’s Article, “Do mortgage rates have room to drop lower?”

(00:00) Intro

(02:05) Why Mortgage Rates Are Falling

(03:18) Will Mortgage Rates Fall Further?

(05:49) What This Means for Investors

(07:02) The Mortgage-Bond "Spread"

(10:18) What Will Cause Lower Rates

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

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BRRRR for Beginners: How to Build Massive Wealth with This “Dead” Strategy Mar 05, 2025

Show notes

The BRRRR strategy is arguably the fastest way to build wealth with real estate. Just ask Leka Devatha, a Seattle-based investor. She’s got ONE BRRRR property this year that could make her $600,000 in profit. And that’s ONE home, not an apartment complex. So what is the BRRRR strategy, and why do so many investors write it off instead of trying it in 2025? Are they missing out? Absolutely!

BRRRR stands for buy, rehab, rent, refinance, repeat. The basic formula is this: buy a house that needs some improvement, renovate the home (to a scale you’re comfortable with), rent out the home to tenants now that it’s fixed up, and refinance it. Now that the property is worth more, you may be able to get the bank to pay YOU back your initial down payment and renovation costs due to the increase in equity. Then…repeat until you’re financially free.

How do you pull off a BRRRR in 2025 with high interest rates, high home prices, and rising renovation costs? Dave and Leka are walking through their own BRRRR deals, showing you how to successfully BRRRR and do it without using ANY of your own money (seriously!).

In This Episode We Cover:

The BRRRR strategy explained and whether it still works in 2025

Leka’s BRRRR deals making her up to $600K!

The best property types for BRRRRing to get more cash flow, higher appreciation, and bigger returns

How to use other people’s money (OPM) to fund your BRRRR investments

The “DADU” strategy that could skyrocket your home price with one savvy addition

And So Much More!

Links from the Show

Apply to Be a BiggerPockets Podcast Guest!

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 the BRRRR Book

Find Investor-Friendly Lenders

What is the BRRRR Method & How to Use it to Invest in Real Estate

Connect with Leka

(00:00) Intro

(03:42) BRRRR Strategy Explained

(05:38) How to Boost Home Value

(08:47) BRRRRing with No Money

(12:50) Using Other People’s Money

(15:39) Refinancing Your BRRRR

(18:39) Real 2025 BRRRR Examples

(23:03) Best BRRRR Property Types

(26:08) The Secret to Finding Deals

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1091

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Scaling from 0 to 30 Deals (While Working 9-5) and Starting with $0 Mar 03, 2025

Show notes

30 real estate deals in two years, starting with very little money, AND doing it all while working a nine-to-five? After listening to Tim Yu, you’ll have no excuse NOT to invest in real estate. He’s done it all: house hacking, creative financing, seller financing, lease-to-own, single-family, multifamily, house flipping, and everything in between to find the real estate investing tactic that worked best for his goals and his lifestyle.

After trying (and failing) house flipping, Tim was ready to give up on real estate entirely. It wasn’t until a house hack (renting out other units/rooms in your home) gave Tim the cash flow he needed that he decided to give real estate another shot. From there, he spent hours calling owners after work, sweating bullets on cold calls, and refining his real estate skills.

He’s been able to buy a house for truly ZERO dollars down, pick up profitable rental properties for as little as $3,000, and get seller financing terms that have made him six figures in just a year or so. Tim has tried every strategy, so you don’t have to, and if one of his tactics resonates with you, be like Tim and give it your all!

In This Episode We Cover:

The one loan that lets you buy your first property for ZERO dollars down

How to get squatters out of your property (fast) with “cash for keys”

Using seller financing to pick up real estate deals for just $3,000-$5,000

Tim’s personalized strategy for finding off-market deals and motivated sellers

The new type of rental property Tim is buying that makes $3,000+/month in cash flow

And So Much More!

Links from the Show

Apply to Be a BiggerPockets Podcast Guest!

Get Fully Customizable Insurance Coverage for All Phases of Occupancy on One Monthly Schedule and Bill with NREIG

Grab the Book on Creative Finance, “Wealth without Cash”

Property Manager Finder

8 Rentals in UNDER 1 Year: A Rental Property Financing Masterclass

Connect with Tim

(00:00) Intro

(01:43) BAD First Real Estate Deal

(05:51) $0 Down Cash-Flowing Rental

(09:24) Seller Financing with LITTLE Money

(14:49) Finding Off-Market Deals

(24:08) Moving Markets

(31:38) New Type of Rentals?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1090

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How I Turned $9,000 into My Dream Home By "Level-Up" Investing Feb 28, 2025

Show notes

Can you afford your “dream house” right now? The one with the pool and the ocean views, space for the kids to run around, and a huge pantry. The secret nobody will tell you: you CAN afford your dream house right now—or at least you can afford the investment that will get you there. Just ask James Dainard, who took a $175,000 hoarder condo and turned it into what would eventually become his $8,500,000 dream house. You can do the same using his level-up strategy.

James only started with $9,000, which turned into multiple millions over the next fifteen years. He would buy a house, fix it, and trade it up for a better one, repeating this strategy five times until he reached the goal: a 9,000-square-foot luxury home in one of the priciest markets in America, Scottsdale, Arizona.

He made millions of dollars completely tax-free because of this live-in flip strategy that ANYONE can use to massively multiply their wealth and take them to their dream home. And maybe you don’t want an $8,500,000 mansion—that’s fine! It only took James three house flips to get into “dream home territory,” and you can do the same!

In This Episode We Cover:

How to use the live-in flip strategy to make tax-free millions and buy your dream home

Why buying the worst house in the best neighborhood can make you rich

Why your primary residence IS an investment…if you use it the right way

The real estate tax cheat code that lets homeowners make $500K in tax-free profits

How to renovate a home even if you have zero flipping or construction experience

Why it’s crucial to find a spouse who’s DTF (down to flip)

And So Much More!

Links from the Show

James’ Live-in Flip Story!

Watch the Trailer for Million Dollar Zombie Flips!

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

Find Investor-friendly Tax and Financial Experts

Grab James’ New Book, “The House Flipping Framework”

Find Investor-Friendly Lenders

Is a Live In Flip Right for You? Here’s How to Tell

Connect with James

(00:00) Intro

(03:57) Best Investment? YOUR House!

(07:41) House 1 ($175K Condo)

(12:05) Pay NO Taxes on Profit!

(14:06) House 2 ($235K)

(19:09) House 3 ($890K)

(22:04) House 4 ($1.7M)

(26:22) Making $1.2M on ONE House!?

(28:10) House 5 ($8.5M Dream House!)

(31:44) Tips for 1st Live-in Flip

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1089

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High-ROI “Value-Add” Renovations for Any Budget ($5K - $50K+) Feb 26, 2025

Show notes

Which rental renovations give you the biggest bang for your buck, turning a few thousand dollars of materials and labor into hundreds of more dollars of rent per month and tens of thousands more in home value? Today, we’re going through each tier of rental renovations: easy and cheap ($5,000 or under), moderately challenging and expensive ($25,000 - $50,000), and hard/pro-level ($50,000+). This will give you a roadmap of high-ROI rental renovations you can make right now to increase your property’s value and rent.

Why are these rental renovations (AKA value-add) so important right now? Because with so many investors and homebuyers sitting out of the market, you can take your pick of homes with overlooked potential and turn them into high-value investment properties. This not only makes tenants happier due to new renovations and upgrades but also gets you higher rents and wealth-building equity to boot.

We’ll start with some easy ones—painting, tiling, adding backsplashes, etc.—and work our way up to the pro-level renovations like adding square footage and turning a single-family home into a multifamily. Based on your experience, you can go either route, but both have enormous potential to turn your initial investment into a killer real estate deal.

In This Episode We Cover:

How to increase your property’s value (and rents) with high-ROI rental renovations

The easiest (and cheapest) upgrades to make that take little time

What to look for when buying a home for “value-add” and signs of money-making potential

The one appliance you should NEVER include in your rental property

The easy bathroom conversion that will massively boost your home’s equity

Pro-level rental renovations that could make you six-figures

And So Much More!

Links from the Show

Grab Henry’s New Book, “Real Estate Deal Maker”

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

The One Renovation Guaranteed to Increase ROI—No, It’s Not the Kitchen or Bathroom

Connect with Henry

(00:00) Intro

(03:53) $5,000 (or Less) Renovations

(12:06) Best Homes for Value-Add

(17:20) Worthless Renovations

(18:28) $25K - $50K Renovations

(20:21) Kitchen Renovation Worth It?

(24:33) BIG Renovations ($50K+)

(29:37) High Risk, High Reward Renovations

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1088

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Snowballing $20K into 10 Rentals by Doing What You (Probably) Won’t w/Gary Striewski Feb 24, 2025

Show notes

Would you sell your car, live without plumbing and electricity, and shower at the gym daily to build a rental portfolio? Now, would you do it while having one of the most prestigious jobs on the planet? If you said yes to both, you might as well be Gary Striewski, rental property investor, DIY home renovator, and, yes, host of SportsCenter.

Wait… the host of SportsCenter used a bucket as a bathroom while renovating? Yep, but he’s got a good reason for going through the struggle.

Working at SportsCenter has always been Gary’s dream job, but when 2020 hit, he knew he needed an alternative income stream. Real estate seemed like the obvious answer, but without much savings and only a car to his name he didn’t have many options to invest. So what did he do? Sold his car, downgraded significantly, and picked up a condo for $20,000 down.

Fast forward a few years—Gary has turned that first condo into a full real estate portfolio, including a private ski house that’s soon to be a short-term rental. He’s had evictions, DIY renovations where he lived without plumbing for months, and closings that didn’t go as planned, but with persistence and grit, he’s become an expert investor. Follow Gary’s tenacity, and you can, too!

In This Episode We Cover:

How Gary turned a $20,000 down payment into ten rental units and a real estate portfolio

Gary’s “value-add” renovation that 99% of people would never do themselves

A huge tenant mistake Gary made that will cost you if you repeat it

Why you should constantly evaluate selling your rentals, even if they’re performing well

Whether or not condos are worth it as starter real estate investments

Sports stars who (unsurprisingly) love real estate investing

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 Dave’s Book, “Start with Strategy”

10 Hidden Ways to Buy Properties with Huge “Upside”

Connect with Gary

(00:00) Intro

(02:19) 1 Condo to 9 Rentals!

(04:06) Base Hit First Deal

(08:56) A Big Tenant Mistake

(12:48) $60K Profit in 1 Year!

(19:17) Living Without a Toilet for a Deal?

(25:24) First Short-Term Rental

(30:04) ANYONE Can Do This!

(32:33) They Invest in Real Estate, Too!?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1087

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

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The BRRRR Formula Has Changed (It Still Makes You Rich) | AMA (Ask Meyer Anything) Feb 21, 2025

Show notes

Think the BRRRR method (buy, rehab, rent, refinance, repeat) is dead because of high interest rates and rising home prices? Think again. We’re doing BRRRR deals right now that are making us cash flow and serious equity while most investors sit on the sidelines. But how do we FIND these money-making BRRRR deals? We’re sharing the new BRRRR formula in today’s episode, along with more questions and answers from the BiggerPockets Forums.

Besides uncovering our BRRRR secrets, we’re helping an investor scale from single-family rentals to multifamily rentals. This is a BIG jump, and there’s a smarter way to scale your way up to big, new-build multifamily buildings. Next, an investor finally sees the light, realizing cash flow ISN’T everything. He’s about to walk into a nice chunk of equity with his new property, but is the cash flow TOO low (should he worry)?

What were you thinking about when you were 18? Maybe you were stressing out about college applications or sleeping in until noon. One ambitious young investor wants to get his first rental at just 18 years old, but on this rare occasion, we advise against it. If you’re in his position, too, we’d recommend doing something else first. Finally, are “small towns” too risky to invest in? How small is too small? We’re getting into it in this episode!

Looking to invest? Need answers? Ask your question on the BiggerPockets Forums!

In This Episode We Cover:

How to BRRRR in 2025 and how Henry finds his undervalued real estate deals

The pitfalls of scaling from single to multifamily rentals and how to do it the right way

Is a low cash flow rental worth it for a five-figure equity gain once purchased?

How to start investing in real estate at a very young age (18 years old!)

Investing in small towns and how to see where the big companies are going first

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 the BRRRR Book, “Buy, Rehab, Rent, Refinance, Repeat”

(00:00) Intro

(01:00) How to BRRRR in 2025

(09:03) Scaling from Single to Multifamily

(15:36) Low Cash Flow Worth It?

(20:09) Start Investing at 18?

(24:20) Buying in “Small” Towns

(31:13) Ask Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1086

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

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Making $200K/Year With the Least Amount of Rentals Possible Feb 19, 2025

Show notes

Don’t buy in good school districts. Always end your leases in winter. NEVER raise rents on a tenant.

These are just some of the “Dionisms” that have made Dion McNeeley, the so-called “lazy investor,” rich with rental properties. He achieved financial freedom, retiring early with a $200,000/year passive income after slowly, steadily, and lazily investing for the past decade.

Want to never swing a hammer? You don’t have to! Want tenants to stick around as long as possible? They will! Too scared to have the rent raise talk? Let Dion do it for you! In this episode, we’re breaking down the ten different “Dionisms” (unconventional landlord advice) that have literally made Dion millions and can do the same for you.

Dion went from debt-riddled to multi-millionaire in just over a decade, starting his journey making just $17/hour, with three kids and very little time. If Dion can reach financial freedom with FEWER rentals, why can’t you?

In This Episode We Cover:

Dion’s small (but mighty) financial freedom-enabling real estate portfolio

Dion’s “binder strategy” that has tenants raise rents FOR you

Why Dion never has his leases expire in the summer (even though EVERYONE says to do this)

Buying in average school districts? Dion says DON’T buy near good schools (and he’s right)

The surprising reason why the “worst states to invest in” will make you the richest

And So Much More!

Links from the Show

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

Retire with FEWER Rentals with “The Small and Mighty Real Estate Investor”

Investor Spotlight: From USMC to FIRE With Just 5 Properties Featuring Dion McNeeley

Connect with Dion

(00:00) Intro

(01:42) Low Income, High Debt, Lots of Responsibility

(05:33) $21,000/Month Portfolio!

(08:20) Have FEWER Rentals

(11:51) 1. DON'T Raise Rents

(18:18) 2. End Leases in the Winter

(21:05) 3. DON’T Buy Near Good Schools

(26:45) 4. DON’T Diversify

(29:59) 5. DON’T Use LLCs

(32:29) 6. Buy in BLUE States

(37:30) 7. Value-Add Isn’t Worth It

(40:23) Be Like Dion!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1085

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

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‘Building’ 7-Figure Wealth with ONE Very Lucrative Rental Property Feb 17, 2025

Show notes

Though only five years into his rental property investing career, David Rosenbeck is making a seven-figure wealth-building move. If it all pans out, he’ll be one million dollars (or more) richer, with a brand new investment property that’ll spit out $7,000 cash flow monthly! This is a DREAM real estate deal that any investor wishes they could get their hands on…but here’s the thing: anyone can do this, and you can 'build' your own deal from scratch!

After making $100,000 in his first 18 months of investing, David knew he had a knack for real estate investing. He was a nurse practitioner and in no way wanted to give up his sizable six-figure salary, but he knew he wanted to scale his real estate portfolio in a big way. The problem? Deals are hard to come by, and David’s main strategy—medium-term rentals (renting to traveling nurses)—was getting saturated. So, he searched for something new and landed on a big opportunity: build his OWN short-term rental in one of the hottest destinations in the US but build it specifically to beat the competition.

He found the money and the dirt to build on and is off to the races—keeping his small portfolio while taking a big risk for a massive reward: a million-dollar equity upside if he pulls it off. Want to hear how you can create your own seven-figure opportunity? David is sharing, step-by-step, exactly how he did it!

In This Episode We Cover:

How David is ‘building’ a seven-figure equity-upside real estate deal

Using other people’s money to invest in real estate (and how to do it the RIGHT way)

How David scaled from zero to eight rentals in just three years

The bright side of short-term rental regulations and the market that David feels very confident in

How to find a builder/developer for your first new construction rental property (and vet them BEFORE you start!)

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 the Book “Raising Private Capital”

Real Estate Rookie 273 - Making $100K in 18 Months with “Misfit” Medium-Term Rentals w/David Rosenbeck

Connect with David Rosenbeck

(00:00) Intro

(01:44) Nurse Practitioner Turned Investor

(06:02) 8 Rentals in 3 years!

(09:34) Ditching Medium-Term Rentals for…

(14:27) Development Details

(16:48) Building the Perfect Property

(24:21) Finding Your Builder

(26:51) How Much He’ll Make

(30:34) Become a BiggerPockets Guest!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1084

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

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Feb 2025 Housing Market Update: Are Our Predictions Already Wrong? Feb 14, 2025

Show notes

The 2025 housing market has already defied most expectations, but a worrying “shift” could throw everything off track. Home prices keep rising in every major metro—even with interest rates stuck in the sevens. It seems that nothing can stop the wave of demand hitting home sellers even as affordability reaches lows we haven’t seen in decades. But what could be the housing market’s kryptonite—the one thing that could lead to lower prices and distress in the market?

Today, we’re giving you a Q1 housing market update with the latest data coming in from January 2025, sharing must-know metrics about home sales, prices, mortgage rates, buyer demand, and even mortgage delinquencies.

Is Dave already off on his 2025 housing market predictions? He could be, as housing has seen unexpected strength despite last year’s big election, inflation rising once again, and interest rates more than double what they were just a few years ago. Will we see mortgage rates (and prices) drop at any point this year? What’s the one thing that could flip this housing market? We’re getting into the mystery metric you MUST watch to know what’s coming next.

In This Episode We Cover:

A Q1 2025 housing market update: prices, rates, demand, inventory, and more!

One troubling metric that could spell pain for the housing market in 2025

The markets where inventory is exploding, but does that mean prices will fall?

Is there a chance that mortgage rates will drop this year, or has the Fed paused for good?

The often overlooked (and cheap!) real estate markets seeing sizable home price appreciation

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

Reserve Your Spot at BPCON2025 and Get $100 Off Your Ticket

Grab Dave’s Book, “Start with Strategy”

New Tariffs Mean Much More for Mortgage Rates Than You Think