BiggerPockets Real Estate Podcast

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

Is That Neighborhood Up-and-Coming? Here’s How to Tell

Connect with James

(00:00) Intro

(02:35) Neighborhood or Deal First?

(06:51) “Clues” of a Great Neighborhood

(13:14) This is CRUCIAL

(19:57) The Path of Progress

(25:41) Stay Away from This

(31:44) Do This FIRST

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1032

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2 Resources OTHER Than Money You Can Use to Get into Real Estate Investing Oct 16, 2024

Show notes

Want to invest in real estate but feel like you don’t have everything it takes? You know you need money for a down payment, skills to manage tenants/perform renovations, and time to find the deals in the first place. But what if you only have one of these? Can you still invest in real estate even without the missing pieces? Today, we’re going to show you how to do just that, no matter how much time, money, or real estate experience you’ve got.

We’re walking through three scenarios with three different investors: Dave Meyer (who had no money/experience), Devon Kennard (who had money but no time/experience), and Tyler Madden (who had skills but limited time/money). Each of these investors was able to build a successful real estate portfolio, all while either being time-stretched, money-stretched, or not knowing how to swing a hammer. They’re sharing the secrets to hiring out/building the other skills so you CAN take down real estate deals, no matter what you’re working with.

If you can combine all the pieces of this “resource triangle,” you have FAR higher chances of succeeding in real estate investing and reaching financial freedom. If you’re a rookie with no real estate to your name, worry not—we’re teaching you what you need to know in today’s episode.

In This Episode We Cover:

The “resource triangle” investing theory and the three things you need to succeed (YOU don’t need all three!)

The most overrated skills in real estate that you can survive without

Building a team and hiring out/outsourcing the resources that you lack

How to start investing if you ONLY have time, money, OR real estate experience

Crucial skills that we WISH we had (you can make a LOT more money with these)

And So Much More!

Links from the Show

Grab the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) Book

Invest in Turnkey Rentals with Rent to Retirement or text “REI” to 33777

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

Connect with Devon

Connect with Tyler

(00:00) Intro

(04:54) Got Skills, But No Time/Money?

(11:51) Got Money, But No Time/Skills?

(18:24) Got Time, But No Money/Skills?

(20:23) Getting Your First Deal Done

(39:51) Building Valuable Skills

(37:18) Most Crucial (and Overrated) Skills

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1030

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The Right Way to Do “Value-Add” Real Estate in 2024 Oct 14, 2024

Show notes

What’s the best way to build wealth in 2024? For many, it’s “value-add” real estate investing. You might know what this is, but you may have never heard the term before. Value-add investing is when you buy investment properties, improve them, increase the cash flow, equity, or both, and reap the rewards by holding onto them as rentals or flipping them for quick cash. Today’s investor, Tom Shallcross, is doing just this, but he’s making BIG returns (six figures on flips!) and funneling those profits into his sizable rental portfolio. And he’s doing it all in 2024.

We know that everyone has told you how impossible it is to invest in real estate in 2024, but Tom instantly proves the naysayers wrong. Not only is he flipping houses, but he’s also buying rentals, BRRRRing (buy, rehab, rent, refinance, repeat), and doing it all in a competitive market—Chicago! So what’s he doing differently?

Tom gets the deals before the rest of the investors in his area can, takes on BIG house flips that most investors are too scared to, and constantly reinvests the profits into more real estate. He’s been doing it since 2016 and is STILL finding success in today’s market. How’s he getting the best deals sent to him? How’s he making such large profit margins? We’re uncovering his exact strategy and method in today’s episode.

In This Episode We Cover:

“Value-add” real estate investing explained and why it still works in 2024

Knowing your neighborhood “class” and why Tom switched from C to A

How Tom is making six-figure profits on house flips even in today’s market

Real estate partnerships and the skillsets you need to build a profitable flipping/rental/rehab business

How to get real estate agents to send you properties BEFORE they hit the market

Using short-term projects (flips!) to fund your rental property portfolio

And So Much More!

Links from the Show

The “Value-Add” Playbook: How to Boost Equity and Bring in MORE Cash Flow

Connect with Tom

(00:00) Intro

(02:11) "Accidentally" Investing

(06:46) Getting Started in Cheap Neighborhoods

(09:47) Switching to A-Class Investments

(11:59) Finding Deals Before The Rest

(18:02) Current Flip Profits + Costs

(26:30) Boosting Your Rental's Income

(32:24) What's Next?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1030

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BiggerNews: “Boomtowns” Are Declining…It’s Time to Take Advantage Oct 11, 2024

Show notes

Real estate “boomtowns” present a massive opportunity to investors in 2024. A few years ago, buyers were fighting tooth and nail to purchase properties in Austin, Boise, Phoenix, and other red-hot markets. Demand was growing in these cities, and prices were shooting up with no end in sight. But then…it stopped. Prices started declining, vacancy rose, and investors were stuck holding onto properties now worth less than what they paid. The interesting part? These market declines might be only temporary, and those who don’t buy now could be kicking themselves a few years down the road.

To give us insight into which boomtowns are worth buying in and which are worth ignoring is Matt Faircloth, multifamily real estate investor. He saw many investors rush to these real estate boomtowns during the peak and are now struggling to fill their rental units as the boom became a bust. He’s identified a sneaky strategy that allows you to buy properties at a discount in these markets to make money while the FOMO investors search for an exit option.

We’ll talk about the cities with the most hype, the ones worth investing in, the future boomtowns that most are ignoring, and the massive opportunity of “economic spillover” that could lead you to markets with the best future potential.

In This Episode We Cover:

The future “boomtowns” that most investors have no clue about (get in early)

How boomtowns form and what to look at to tell if one is worth investing in

When is it too late to invest in a growing city (metrics to check before buying)

The secondary markets with “economic spillover” boasting huge opportunity

The sneaky move Matt is using to buy boomtown properties at a discount

What to do if you bought in a boomtown that is already declining

And So Much More!

Links from the Show

Grab Matt’s Book, “Raising Private Capital”

Corporate HQ Relocations Could Signal the Next Real Estate Boomtowns

Connect with Matt

(00:00) Intro

(02:39) Real Estate "Boomtowns"

(06:07) How "Boomtowns" Form

(09:44) Cities with the Most Hype

(12:11) Hyped vs. Solid Housing Markets

(16:33) When Is It Too Late to Get In?

(20:41) HUGE Opportunity for Investors

(29:26) What “Boomtown” Investors Should Do

(35:15) Upcoming Boomtowns

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1029

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How to Invest in Real Estate with $50K in 2024 Oct 09, 2024

Show notes

Want to know how to invest $50K in real estate? We’re going to show you exactly how to do it, EVEN in 2024. You can use any of the four strategies we share to start investing in real estate with $50K or less, and you don’t need previous real estate investing experience to try them out. Some of these strategies are best for those who already own a home or are willing to invest out-of-state. But even if you want to stay in your area while investing in real estate, we have an option for you!

Okay, so you’ve got $50K (or less) that you’ve saved up for your first real estate deal. Do you immediately start investing? NO. There are a few quick things that you need to do first (don’t worry, they’re free) before you can make your first real estate investment. Following these steps will help you make MUCH better choices on your next investment property and will let you sleep at night if/when things go wrong.

After that, you can choose any of the four beginner strategies to start investing in real estate (we’re not just talking house hacking!). We even share an expert tip about some of the best markets to get into as a beginner with solid demand and lower home prices, allowing you to invest if you’re getting priced out (or have too much competition) in the bigger cities!

In This Episode We Cover:

How (and where) to invest $50K in the 2024 housing market

What you MUST do before you make your first real estate investment

A tax-free way for homeowners to build wealth with properties they already own

The solid rental markets that have cheap home prices

Why you DON’T have to do it alone, and how to increase your investing budget

The one tried-and-true best beginner investment almost every expert agrees on

And So Much More!

Links from the Show

Real Estate Rookie Podcast

Buy Box Resource

Real Estate Rookie YouTube Channel

Get Free Property Management Software for Landlords with Hemlane

Grab Ashley’s Book, “Real Estate Partnerships”

See Ashley and Dave at BPCON2024 in Cancun!

Why Your Small Town Is (Probably) the Best Place to Buy Rentals

Connect with Ashley

(00:00) Intro

(02:50) Can You Start with $50K?

(07:44) What to Do BEFORE You Invest

(13:02) 1. Add Value to Your Home

(19:10) 2. Buy a $160K Rental Property

(25:05) 3. Get a Money Partner

(32:21) 4. House Hacking

(34:47) DON'T Overlook These Markets

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1028

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30 Units in 7 Years by BRRRRing, Building, Flipping, and Going All-In Oct 07, 2024

Show notes

After a strong case of “mommy guilt” working as an assistant principal, pregnant with her second child, Deba Douglas knew she needed a way out of the rat race. A run-in with Rich Dad Poor Dad prompted her to begin saving so she could start buying rental properties. She called her lender, found a property, and spent her and her husband's entire savings on the down payment. Little did she know that this one decision would set her life’s course in an entirely different direction.

Now, just seven years after first looking into real estate investing, Deba has thirty rental properties and doesn’t work at her W2 anymore! How did she do it so fast, especially with kids to care for, bills to pay, and no prior experience in real estate investing? One BAD piece of beginner advice could have thrown her entire investing career off track, but she quickly learned from her mistake and leveled up at light speed!

Deba is sharing how she went from real estate investing zero to hero, doing everything from BRRRR (buy, rehab, rent, refinance, repeat) investing, building new construction rental properties, flipping houses, and becoming an agent herself to help other investors. Want to escape the nine-to-five grind and get on the fast track to financial freedom? Do it all like Deba!

In This Episode We Cover:

The one critical mistake Deba made on her second deal that could have cost her severely

The truth about becoming a real estate agent (and why it isn’t as easy as you think)

Regular realtors vs. investor-friendly realtors (you CANNOT mix them up!)

When it’s time to quit your job and become a full-time real estate investor

Why Deba is still buying in a market that is seeing price declines in 2024

The massive benefits of new construction rental properties (and why they make sense in 2024)

And So Much More!

Links from the Show

Grab the Book, “Rich Dad Poor Dad”

See Dave at BPCON2024 in Cancun!

Do You NEED an "Investor-Friendly" Agent?

Connect with Deba

(00:00) Intro

(02:00) Chasing Financial Freedom

(05:16) First Property, Then BIG Mistake

(14:16) Did It Work Out?

(15:59) Quitting Her Job

(20:53) Investing and Selling Homes

(23:06) Deba's Portfolio

(24:18) Building New and BRRRRing

(26:50) Investing in a Declining Market

(33:38) Goals and Best Beginner Investment

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1027

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BiggerNews: Will Lower Rates Remove America’s “Golden Handcuffs”? w/NYT’s Rukmini Callimachi Oct 04, 2024

Show notes

For years, we’ve been told that lower mortgage rates could reignite homebuyer demand and help improve affordability so first-time homebuyers (or even rookie landlords) can finally buy their first property. But, with mortgage interest rates lowering right before our eyes, we’re noticing something peculiar—affordability isn’t improving. Home prices are staying stagnant, if not rising. Thanks to America’s “golden handcuffs,” we’re still in a housing market standoff, but there might be some solutions to fix it.

We’re bringing on The New York Times’ Rukmini Callimachi, a real estate correspondent, to shed light on the vast affordability crisis affecting America. With homes “unmanageably expensive,” regardless of whether you’re renting or buying, we need solutions that don’t just spark up demand (like lowering mortgage rates). There’s one glaring problem plaguing the property market, but why won’t anybody fix it?

Today, we're cracking this discussion wide open, speaking on the solutions that could ACTUALLY increase affordability in the future, the rising homelessness problem affecting working Americans and students, and how NIMBYism (not in my backyard) could be forcefully put to stop as communities struggle to build enough housing. If you want to get in (or get back in) the real estate game, whether as an investor, house hacker, or first-time homebuyer, these solutions could directly affect you!

In This Episode We Cover:

Housing inventory update and the “golden handcuffs” keeping housing constrained

Why homebuyers are stuck and the magic interest rate that could unlock demand

The root of our housing problems and what we must do NOW to fix it

Growing homelessness (even among working adults) and why housing costs have gotten too high

Modular home building and how this new type of construction could change the housing market forever

And So Much More!

Links from the Show