BiggerPockets Real Estate Podcast

Find Your Perfect Investing Strategy with Dave’s New Book, “Start with Strategy”

What Are Rent-to-Own Homes?

Connect with Maura

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1012

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BiggerNews: How Harris/Trump's Housing Policies Could Impact Affordability Aug 30, 2024

Show notes

Housing affordability is at a forty-year low, and we bet you can feel it. Buying a house seems impossibly far away for first-time homebuyers, rent prices are still far past pre-pandemic levels, and mortgage payments are through the roof. This can’t last forever, and some new government policies are trying to ensure it doesn’t. In this week’s BiggerNews, we’re talking to Dennis Shea, Executive Director at the J. Ronald Terwilliger Center for Housing Policy at the Bipartisan Policy Center, about what policies could benefit the country and whether or not they’ll actually pass.

We’re also getting into Vice President Harris’ housing plan and former President Trump’s housing plan to see what each candidate believes could bring more affordable housing to the market. With President Biden’s recent rent control proposal, many real estate investors are worried their rents could be capped. But will this nationwide rent control proposal go through?

Plus, what effect does affordability have on current homeowners and investors? Low supply means more demand and higher home prices, but could it come at the cost of your local economy, as renters and would-be homebuyers struggle to afford a home? We’re answering it all in this episode of BiggerNews!

In This Episode We Cover:

The housing affordability problem and new government proposals aiming to help

Factors that are making housing so unaffordable and why we’re at forty-year lows

Regulatory and zoning reform, and why we must make construction easier

Harris’ housing policy and new incentivizes to build 3 MILLION homes

Trump’s housing policy and using government land for new construction

Biden’s nationwide rent control proposal and whether or not it has enough support to pass

And So Much More!

Links from the Show

Invest in Turnkey Properties with REI Nation

Grab Dave’s Newest Book “Start with Strategy”

Find Investor-Friendly Lenders

How the Financial Policies of Trump and Harris Could Impact Real Estate Investors

Bipartisan Policy Center Rent Regulation

Freakonomics - Why Rent Control Doesn’t Work

(00:00) Intro

(02:14) Promoting Affordable Housing

(03:04) Our Massive Affordability Problem

(05:49) What Needs to Change

(10:00) Harris' Housing Plan

(14:01) Nationwide Rent Control?

(18:33) Trump's Housing Plan

(22:08) How Affordability Impacts Investors

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1011

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

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The Realistic Path to Wealth: Investing in Real Estate WHILE Working a W2 w/Lawrence Briggs Aug 28, 2024

Show notes

Wondering how to invest in real estate so you can finally quit your job? Then, this episode might surprise you. While most real estate educators online are constantly stressing how you must leave your W2 so you can become a full-time real estate investor, today, we’re going to do the opposite, proving why most real estate investors SHOULD keep their job and let real estate supplement their dreams, instead of becoming their dream.

Take it from Lawrence Briggs. He’s an avid BiggerPockets listener who moved to a different city just to invest in real estate. With such passion and drive, you’d think he wants to become a full-time landlord. But the truth is…he doesn’t. His passions go far beyond managing tenants and fixing toilets, so he uses real estate to amplify his lifestyle and protect his finances so that he never HAS to get a job but can choose the exact job he wants to work.

Today, we’re talking to Lawrence about balancing your W2 job with real estate investing, why you DON’T need to quit to reach (even a small amount of) financial independence, the side hustle he used to save up for his first rentals, and how he works just a few hours a week managing his real estate portfolio. This is the realistic way to build wealth through real estate, and if Lawrence can go from poverty to multi-unit landlord, you can invest, too!

In This Episode We Cover:

How Lawrence escaped generational poverty through sacrifice and smart investing

Why Lawrence does NOT want to quit his job for real estate but would do something else instead

Moving to invest in real estate and why your salary-to-home-price ratio matters

The realistic way to spend just a few hours a week managing your rental properties

One super flexible side hustle Lawrence used to make money, learn how to invest, and find properties

And So Much More!

Links from the Show

Enter to Win a Free Ticket to BPCON2024 by Leaving a Positive Review on Apple or Spotify and Sending a Screenshot to BiggerPockets on Instagram

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

Grab Dave’s Newest Book, “Start with Strategy”

Property Manager Finder

See Dave and Lawrence at BPCON2024 in Cancun!

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

Connect with Lawrence

(00:00) Intro

(01:31) BPCon2024 Giveaway!

(02:55) Switching Jobs to Invest

(11:24) Food Delivery Side Hustle

(16:31) I DON'T Want to Quit

(18:52) Breaking Generational Poverty

(21:34) Dream Job for Investors

(26:37) Time Spent Managing His Rentals

(31:12) You Don't NEED to Quit

(33:55) The Dish

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1010

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

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8 Rental Units in 2.5 Years (While Working 6 Jobs!) Aug 26, 2024

Show notes

Don’t have enough money to buy rentals? Neither did Brandon Tilson. As a social worker, he was never on the higher end of the income scale, but thanks to some serious side hustles, he now has eight rental units in just two years! How did he do it while working full-time and having a family to feed? Today, we’re talking to Brandon about why ANYONE can invest in real estate, no matter your experience, salary, or cash in the bank.

Brandon doesn’t have just one side hustle, or two, or three—he has five separate side hustles, leaving him with six jobs to take care of. It’s no surprise that Brandon works anywhere from sixty to eight hours a week, but it’s all been worth it for him, especially after seeing his real estate holdings go from zero to eight rental units in an extremely short period of time. Now, he’s less than ten years away from financial freedom, allowing him to retire early if he wishes to at just forty-five years old!

Brandon gives crucial advice for anyone trying to invest in today’s market, even with higher interest rates. We talk about different side hustles that bring in extra income, how he funded his first deal, what to do when your renovation becomes a “trainwreck,” and whether or not getting your real estate license is worth it. Plus, why investing alone is much harder than doing it with a partner (or spouse!).

In This Episode We Cover:

How Brandon scaled to eight rental units in just two and a half years (even on a lower income!)

Making extra income every month with real estate (and non-real estate related) side hustles

Using a HELOC (home equity line of credit) vs. a cash-out refinance for your first rental

Whether becoming a real estate agent is worth it as a part-time side hustle

Finding your financial independence number and why it’s crucial to know how much you need to be set for life

Why you should not DIY your home renovation (even if you have the time)

And So Much More!

Links from the Show

Episode #1,009 Invest in Turnkey Properties with REI Nation

Get Started with “The Book on Rental Property Investing”

6 Rental Properties in 15 Months (While Working 3 Jobs!) w/Brandon and Dani Tilson

Connect with Brandon

(00:00) Intro

(01:31) Investing While Working 6 Jobs!

(07:24) First “Trainwreck” Deal

(16:17) Second “Turnkey” Property

(19:33) Becoming an Agent?

(23:13) His Financial Freedom Number

(26:08) Investing On a Low Income

(29:13) Early Retirement at 45!

(32:06) Advice for New Investors

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1009

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

BiggerNews: Have the Airbnb Bans Backfired on Big Cities? w/Taylor Marr Aug 23, 2024

Show notes

Are Airbnb bans actually hurting renters, homebuyers, and your local economy? The truth doesn’t seem so obvious, but new data shows the unintended consequences of banning Airbnbs and short-term rentals, especially in big cities. To get a take from someone inside the industry and with plenty of data to share, we invited Taylor Marr, Senior Housing Economist at Airbnb, to the show to explain how Airbnbs affect the economy, affordability, and housing supply.

For years, there have been claims that short-term rentals take away housing supply from renters and homebuyers and, as a result, inflate rents and home prices in nearby areas. But new data is saying something very, very different. Today, Taylor talks about how Airbnbs and short-term rentals change a local economy, the amount of money this type of local hospitality provides to small businesses, and why affordability ISN’T improving in areas where Airbnbs are banned.

We’ll also discuss the age of “experiences” and how hosts can earn more by catering to a new kind of traveler willing to spend. Do you have a short-term rental or want to make money with one in the future? Then don’t miss this episode!

In This Episode We Cover:

A short-term rental market update and how Airbnbs are faring in 2024

Airbnb supply and whether or not the short-term rental market is oversaturated

Tips for hosts to take advantage of “experiences” and make more money from their vacation rentals

The $80B impact Airbnb has on local economies and the real result of banning them

How Airbnb is working with local governments to IMPROVE affordability and tourist spending

And So Much More!

Links from the Show

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

Follow Taylor on Twitter

Ready to Invest? Grab the Book, “Short-Term Rental, Long-Term Wealth”

Airbnb Bans Only Make Tourism More Expensive. Just Ask New York

(00;00) Intro

(02:33) 2024 Housing Market Update

(05:52) Effects on Short-Term Rentals

(09:47) Airbnb Supply Update

(11:16) Are Airbnbs Oversaturated?

(14:07) The Age of "Experiences"

(16:43) How Airbnbs Impact Local Economies

(25:05) Side Effects of Airbnb Bans

(34:30) Tips for Investors

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1008

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

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Where We’d Invest in Real Estate in 2024 if We Were Starting from Scratch Aug 21, 2024

Show notes

New to real estate investing? In the beginning, you’re drowning in recommendations of where to invest in real estate, especially in 2024. Everyone is shouting different markets at you, “Cleveland! Tampa! Cincinnati!” the list goes on and on. But here’s where you’ll get stuck: most beginners think ANY market is good enough for them, except that isn’t true. There are some unique markets that most investors don’t know about, and they could fit what you need perfectly. Today, we’re sharing these markets (and how to find them) with you.

We brought on expert investors Ashley Kehr and Henry Washington to give their picks for the best places to buy rental property in 2024. All of these markets offer something different; some have low price points with significant cash flow, while others have huge appreciation potential. We’re sharing our top three rental markets with you so you get in before the rest of the investors hear about them.

We’ll also give you the criteria to pick your perfect real estate investing market and share where we first invested and where we wish we had invested.

After this episode, head here to get all the data used in this show, then find your market, tag @BiggerPockets on Instagram, let us know why you chose it, and win some free swag!

In This Episode We Cover:

Where to invest in real estate if you’re starting from scratch with zero experience

The best places to buy rental property in 2024 that most investors are overlooking

Moving to invest in real estate and the city with a VERY high salary-to-home-price ratio

Real estate market risks that we steer clear of whenever buying rentals

Finding your market “advantage” and how to thrive in new a market using your skillset

And So Much More!

Links from the Show

Find Deals in Any Market with Henry’s New Book, “Real Estate Deal Maker”

See Ashley, Dave, and Henry at BPCON2024 in Cancun!

Top 10 Real Estate Markets for Cash Flow in 2024

Connect with Ashley

Connect with Henry

BiggerPockets Market Finder

Real Estate Rookie Podcast

Post Your Market and Tag BiggerPockets on Instagram!

(00:00) Intro

(03:02) Ashley's First Market

(06:19) Would You Move to Invest?

(10:38) Henry's First Market

(13:41) Where to Invest in Real Estate

(14:38) Ashley's 2024 Market

(21:16) Henry's 2024 Market

(29:47) Dave's 2024 Market

(34:06) Find Your Market "Advantage"

(35:45) The Dish

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1007

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

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50+ Rentals After Starting in Her 50s and How "Late Starters" Can Get Ahead Aug 19, 2024

Show notes

With her retirement dreams on the line, Jill Forsythe had a few choices: return to work, start a business, or get into real estate investing. After trying out more “active income” business ideas and realizing she didn’t want another job, rental properties became the obvious choice. But putting up her retirement nest egg to try her hand at investing would be a significant risk. Thankfully, it’s a risk that has paid off in a BIG way.

Are you getting into the investing game late? Do you feel like you don’t have the time, money, or energy to build a real estate portfolio like all the twenty-something-year-olds on social media? Jill is here to prove you wrong. Within a decade, she’s been able to build a rental portfolio of over fifty units, grow her retirement reserves, and have the financial freedom she always wanted.

In today’s episode, we’re talking to Jill about why she chose real estate and not stocks or small businesses, the biggest mistake she made early on when buying rentals, the advantages of being a “late starter” in the rental property game, and advice for anyone in their forties, fifties, sixties, or seventies who want to retire on their terms with real estate!

In This Episode We Cover:

How to start investing in real estate in your fifties and reach your retirement goals

Supplementing social security with the semi-passive income of rental properties

Why you MUST be careful when choosing the neighborhoods you invest in

The big advantages to investing later in life that’ll help you scale fast

Creating cash flow in your market by finding under-rented properties

And So Much More!

Links from the Show

Ready to Invest? Grab “The Book on Rental Property Investing”

The Late Starter’s Guide to Retirement with Real Estate (40s, 50s, or 60s!)

(00:00) Intro

(01:43) Got a Late Start?

(07:19) How to Invest in Your 50s

(13:56) Starting in Her Mid-50s!

(16:48) Why Real Estate?

(19:40) Buying "Risky" Rentals

(23:21) Getting Through Challenges

(25:05) Investing Later in Life

(28:51) Jill's Current Portfolio

(31:56) Creating Cash Flow

(36:20) Advice for Late Starters

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1006

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

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BiggerNews: What Happens if the Housing Market Crashes (& What Will Cause It) w/J Scott Aug 16, 2024

Show notes

Recession fears are increasing. The stock market has taken substantial hits, housing inventory is climbing, and bank account balances are starting to fall. So, with more economic turmoil, we have to ask: will the housing market crash? And if we get a housing market crash, how bad (or good) will it be for investors? Could we see a 2008-style selloff, or should we be more prepared for small dips worth taking advantage of? Today, we’re asking two top investors these questions, one of whom literally wrote the book on Recession-Proof Real Estate Investing.

J Scott and James Dainard join us on today’s episode to discuss market crash predictions, scenarios, and opportunities for real estate investors. Both J and James experienced the 2008 housing market crash—an economic event almost impossible to forget. But is 2024 shaping up for a sharp decline like 2008, or will we simply see a slower real estate market like most people had expected when interest rates began to rise?

If the market DOES crash, what should you look for to take advantage, and how do you ensure you don’t get caught biting off more than you can chew? J and James break down their game plans if prices fall and why buying now could set you up for wealth ten years from now, IF you can handle the “fear” of buying when others are running from real estate.

In This Episode We Cover:

New housing market “crash” predictions and how low prices could go

Why economic “fear” is rising now, and the recession indicators that are going off

Rising housing inventory and why experienced investors expected this already

The difference between the 2008 housing market crash and today

What could cause a housing crash and how to know it’s time to buy

The immense opportunities for investors that 99% of Americans will pass up

And So Much More!

Links from the Show

Grab Chad’s Book, “The Small and Mighty Real Estate Investor”

Grab J’s Book “Recession-Proof Real Estate Investing”

Find Investor-Friendly Lenders

See Dave and James at BPCON2024 in Cancun!

Why Has the Housing Market Not Crashed in Over 15 Years?

(00:00) Intro

(04:01) New Recession Fears

(14:25) Is This Like 2008?

(18:06) What Will Cause a Crash

(31:11) What to Do During a Crash

(36:56) Opportunity for Investors

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1005

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

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How to Retire Early with Fewer Rental Properties Than You Think w/Chad Carson Aug 14, 2024

Show notes

You want to retire early, so you come up with a plan. “I’m going to buy ten rental properties and call it quits, then I’ll never have to work again.” Within a decade, you’ve got your ten rental properties, but now you want more. You buy another ten, then a big apartment complex, and now you’re raising money to buy even more. You have zero free time, investors to answer to, and a lot of stress. This wasn’t what you wanted. Let’s take it back to where you are now: how do you actually make it to early retirement?

At the height of Chad Carson’s real estate investing career, he was working eighty-hour weeks flipping homes, buying rentals, and dreaming of a financial freedom-enabling portfolio. But when the market crashed, he took a step back and asked, “What do I really want?” Thus, the small and mighty investor mindset was born. Now, Chad is retired early in his forties, working just two hours per week and making six figures in passive income. Want to do it, too?

Today, Chad discusses how you can build a small and mighty portfolio with fewer rentals, more cash flow, and ultimate time freedom. We’ll show you how to reverse engineer your goals to build the real estate portfolio you ACTUALLY want to own, why having hundreds of doors isn’t completely worth it, and the “metrics of success” you can use to measure your progress toward financial freedom.

In This Episode We Cover:

How to retire early (like Chad) with a small real estate portfolio

Why “door count” isn’t an accurate measure of success in real estate investing

Reverse-engineering your financial freedom and how to start working toward it today

Discovering your “why” and how NOT to get stuck in the day-to-day drudgery of adult life

Measuring your progress toward financial freedom with the “metrics of success”

Knowing when is “enough” and why winners know when to quit

And So Much More!

Links from the Show

Grab Chad’s Book, “The Small and Mighty Real Estate Investor”

Craft Your Personal Real Estate Portfolio with “Start with Strategy”

Property Manager Finder

Who Cares About the Number of Doors You Have—Cash Flow Is What Actually Matters

Chad's BiggerPockets Profile

Dave's BiggerPockets Profile

Door count is a terrible metric. Please stop using it.

00:00 Intro

01:56 You DON'T Need 100 Rentals

05:18 What Do You REALLY Want?

09:53 Why Work More?

14:04 Metrics of Success

23:36 Reverse Engineering Financial Freedom

26:42 Does Door Count Matter?

33:13 What is "Enough"?

37:20 The Dish

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1004

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

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From $17K/Year Teacher Salary to Financial Freedom with Repeatable Rentals Aug 12, 2024

Show notes

How does a teacher with a LOW salary achieve financial freedom, let alone invest in real estate? Surprisingly, it’s not as hard as you think, and if you repeat the strategy from today’s show, you could reach financial freedom much sooner than you’d planned. In this episode, we’re talking to Corby Goade, who, not too long ago, was a teacher making just $17,000 per year at the start of his career. So, how did he begin building wealth and replace his AND his wife’s income?

After fixing up an outdated house he bought after college, Corby was shocked by how much equity he had made. With some basic painting, new flooring, and simple upgrades, Corby made twice as much in equity as he did teaching. From there, a rinse-and-repeat-type strategy formed as Corby slowly began buying rental properties whenever he could, even with his tiny teacher’s salary.

Fast forward to today, and Corby and his wife are financially free, running multiple businesses and living life on their terms. They still own that first rental, even though Corby did “everything wrong” (his words), and his first tenant almost destroyed the property. Still an active investor, Corby says that deals just like his first one are on the market NOW, even in 2024. He shares his exact buy box you can use TODAY to find properties like this, walk into equity, and achieve financial freedom just like he did.

In This Episode We Cover:

The repeatable real estate investing strategy beginners can use to build wealth fast

Why house hacking is the easiest way to invest in real estate and start making/saving money

Why you can still reach financial freedom, even if you do EVERYTHING wrong on your first rentals

The exact buy box Corby uses today to find undervalued real estate deals (even in an expensive market)

Corby’s best advice to get real estate deals sent straight to your inbox

And So Much More!

Links from the Show

Try the BiggerPockets Real Estate Investment Calculators on Your Next Deal