BiggerPockets Real Estate Podcast

Ask David Your Real Estate Investing Question

See David and Rob at BPCON2024 in Cancun!

Grab the Book “Long-Distance Real Estate Investing”

Seeing Greene 985 – How to Use Home Equity to Retire, Buy Rentals, or House Hack

Money Show 543 – Finance Friday: How the “Middle-Class Trap” Stops Your Early Retirement

BiggerPockets Real Estate Podcast 763 – Barbara Corcoran’s Wild Real Estate Tactics You’ll Want to Repeat

Seeing Greene 747 – “Amplifying” Your Equity and When to Pay Off Debt vs. Invest

Get a BIG incentive on turnkey rentals from today’s show sponsor, Rent to Retirement. Text “REI” to 33777 or visit them here: https://www.renttoretirement.com/

(00:00) Intro

(01:14) Should I Start Flipping Houses?

(11:37) Scale or Pay Off Properties?

(15:46) Partnering on a House Hack?

(21:33) Comment Section Callout

(24:03) Residential vs. Commercial Real Estate

(41:37) Share Your Thoughts!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-993

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992: International Real Estate Investments: Make More by Buying Abroad? Jul 22, 2024

Show notes

Love traveling? Want to make more money? Looking for real estate with lower price points and higher returns? International real estate investments may be for you. Whether you want to own a home near the mountains of Mexico, the beaches of Belize, or a small seaside town, buying property abroad could make your dreams come true. But is it easy enough for a beginner? And what should you know before making the big jump to out-of-country real estate investing?

Michael Cobb, an international real estate investing expert with over three decades of experience investing in Central America, joins us to give his time-tested advice. Michael hits on how these international investments are like “time machines,” allowing you to find the areas that could see significant popularity boosts in the future, pushing YOUR property values higher. He even shares which markets abroad are best for cash flow or appreciation.

But before you jump the gun and buy a property abroad after your next cruise, heed Michael’s advice. He shares how to pick a market where investors can find the best returns and what you MUST do before you buy your first investment abroad.

In This Episode We Cover

International real estate investing 101 and what you can do to find your next market

The “time machine” to cash flow and appreciation that most Americans overlook

“Buyer beware” laws most Americans aren’t used to and why you NEED local help

The three trips you should take before buying property abroad

And So Much More!

Links from the Show

Try Hospitable, The Highest-Rated Vacation Rental Software

Grab the Book “Long-Distance Real Estate Investing”

Find an Investor-Friendly Agent in Your Area

3 Things to Consider When Buying Properties Internationally

(00:00) Intro

(01:45) Why Invest Abroad?

(05:51) Buying in Central America

(10:50) Easy Enough for Beginners?

(20:43) Where Investors Should Buy

(26:11) Picking a Market

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-992

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991: A World Without Airbnb & Why "Sinking" Could Cause Your Insurance to Skyrocket Jul 19, 2024

Show notes

Airbnb bans escalate, a “tsunami” could be coming for this real estate niche, and “sinking” cities lead to skyrocketing insurance prices. The housing market changes every week, so we’re here to break down the headlines and sift through the hype so you know what could impact YOU. Dave Meyer and the entire On the Market panel are here to discuss four of the top real estate-related news stories from this week.

First, we discuss the commercial real estate credit crunch that could cause a “tsunami” in the office investing space. Next, one major European city will ban Airbnb by 2028 in an effort to give locals a better chance at buying their first home. Will it work, or is it just a move to get more votes? With the dust of the NAR settlement settling, homebuyers could face thousands in fees to work with an agent, but will this stop homebuying?

Before we go over our last headline, make sure you’re standing on solid ground because “sinking” cities are becoming the new norm. Is your home slowly sliding off a cliff? If so, your insurance costs could be rising even higher. We’ll get into this story and the rest of the relevant real estate news on this episode!

In This Episode We Cover

A world without Airbnb and whether the newest ban could actually help homebuyers

Another “tsunami” coming for real estate and whether there’s truth behind the hype

Private equity’s new plan to gobble up even more real estate as one niche suffers

More fees for homebuyers as agent commissions change, but will this have to be paid out of pocket?

“Sinking” cities causing rising insurance costs and sliding home values

And So Much More!

Links from the Show

The commercial real estate credit crunch: ‘There’s a tsunami coming’

What does a world without Airbnb look like?

First-Time Homebuyers Could Face Thousands in New Costs Following NAR Settlement

U.S. cities are sinking. Here’s what that means for homeowners

Invest in Turnkey Properties with REI Nation

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

Find an Investor-Friendly Agent in Your Area

On The Market 201 – Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever

(00:00) Intro

(02:24) A “Tsunami” Coming?

(13:08) The Airbnb Bans Begin

(21:43) New Fees for Homebuyers?

(28:31) Cities Are Sinking

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-991

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How to Find, Evaluate, and Offer on Rental Properties in 2024 Jul 18, 2024

Show notes

Want financial freedom through real estate? Then, you’ll need to know how to buy a rental property. Don’t worry; even as a beginner, you can take three basic steps to buy your first rental property and start building the passive income you’ve always dreamed of. To help you out, Dave Meyer, BiggerPockets’ VP of Market Intelligence and a fourteen-year real estate investing veteran, will walk you through finding, evaluating, and offering on rental properties.

Whether you’re a beginner or an active investor, these three steps will help you land more real estate deals with less effort and help you reach your financial goals faster. Not only that, Dave is giving his time-tested tips on how to make an irresistible offer to a seller—something that most real estate investors DON’T know how to do. Dave even shares every tool he uses to find, analyze, and research real estate deals so he can decide on a rental in minutes, NOT hours!

Make 2024 the year you start investing for financial freedom. Sign up for BiggerPockets Pro using promo code “EVALPOD24” to get 20% off the industry’s best real estate investing tools.

In This Episode We Cover

How to find and buy your first rental property (even if you’re a complete beginner)

Using real estate to reach financial freedom faster than you thought possible

Finding real estate deals in 2024 and expert-investor tactics most have never heard of

Using the BiggerPockets Rental Property Calculator to analyze deals in minutes

Seven different tips to get a seller to accept your offer (EVEN in a competitive market)

The one real estate investing tool that will speed up your path to building a portfolio

And So Much More!

(00:00) Intro

(02:03) Want Financial Freedom?

(09:00) 1. Finding Real Estate Deals

(12:37) 2. Evaluating Properties

(24:34) 3. Making Your Offer

(29:10) Best Tool for Beginners

(37:00) PRO CODE

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-no-number-3

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990: 2 Real Estate Markets We’re Investing in Now (Should You?) Jul 17, 2024

Show notes

In this episode, we’re sharing two of the real estate markets we’re investing in NOW. One you may have heard of and one you probably haven’t. Both have strong long-term fundamentals, a sizable renter population, and more demand than meets supply. Which markets are we talking about, and why did we pick them over the thousands of other real estate markets across America? We’ll go into detail on today’s show!

Dave and Henry are sharing two of their favorite real estate markets, both seeing sizable returns EVEN in 2024. First, Henry talks about the buy and hold goldmine of a town with low-priced homes, strong rents, and sizable cash flow. Plus, with “opportunistic rehabs,” Henry is seeing his cash flow explode with some basic home renovations. Next, for the passive investors, Dave talks about a syndication deal that’s so good it’s giving him bonus distributions! With many passive investments seeing poor returns this year, Dave may make it rich with this historically relevant real estate market.

Don’t know where you should invest next? Stick around to hear the investing experts give their take on finding a market. You can even use our Market Finder to find your perfect market in minutes! Once you’ve found a market, use the Deal Finder to search for rental property investments in the area!

In This Episode We Cover

Two real estate markets that Dave and Henry are investing in right now

The Southern cash flow market with solid long-term potential

How to use “opportunistic rehabs” to boost your cash flow even higher

Syndication investing and why Dave bet on this one market with growing demand

Four steps to finding your perfect real estate investing market for cash flow, appreciation, or both

And So Much More

Links from the Show

Find Your Perfect Investing Market Today with BiggerPockets Market Finder

Find Your Next Investment Property with BiggerPockets Deal Finder

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

Find an Investor-Friendly Agent in Your Area

How to Choose an Out-of-State Market for Investment (in 3 Easy Steps!)

(00:00) Intro

(02:31) 1. Joplin, Missouri

(05:56) Easy Cash Flow?

(09:02) Why Joplin?

(12:02) Visiting & Henry's "Cheat Code"

(18:18) 2. Williamsburg, Virginia

(22:16) Syndication Investing

(28:26) How to Pick YOUR Market

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-990

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989: Seeing Greene: Investing with High DTI, When to Refi, & Getting Out of Debt Jul 16, 2024

Show notes

Life happens, and you’ve accumulated some debt. You’re wondering how to buy real estate EVEN with a high DTI (debt-to-income) ratio. Whether it’s good debt, like rental property mortgages, or bad debt, like credit card debt, holding you back, David and Rob have some ideas to help YOU grow your real estate portfolio faster, make more passive income, and get yourself out of the red!

In this Seeing Greene, we’re talking about good, bad, and ugly debt. First, a house hacker hits hurdles when trying to buy his next property due to his current mortgage. Thankfully, there’s a way to get around this using the “sneaky rental” strategy. An investor with a growing portfolio struggles to find a bookkeeper who can keep his finances together WITHOUT costing him an arm and a leg; David and Rob give two very different pieces of advice. Got bad debt? We give an investor options on what he should do to consolidate his $40,000 credit card balance.

Wondering when to refinance your mortgage? A repeat caller asks whether a cash-out refinance on one of his properties is worth the rate increase and closing costs. Finally, what would you do with two houses on one lot? Renovate them and sell one? Keep them both as rentals? And how would you fund the renovation? David and Rob give their takes and a HUGE red flag that everyone trying to “subdivide” land should know about.

In This Episode We Cover

How to scale your real estate portfolio FAST with the “sneaky rental” strategy (even if you have debt!)

When to refinance your mortgage and whether a higher rate is worth cash in the bank

Bookkeeping for real estate investing beginners and how to not lose yourself in spreadsheets

How to consolidate debt so you can continue to buy rental properties

Where David and Rob are investing next, plus a BIG move one of them is making

Subdividing lots and the one thing you MUST do before you even think about it

And So Much More!

Links from the Show

Ask Your Question and Network with Investors on the BiggerPockets Forums

See David and Rob at BPCON2024 in Cancun!

Real Estate Podcast 675 – Seeing Greene: When Does It Make Sense to Refi with High Interest Rates?

Grab David’s Book on the BRRRR Method

(00:00) Intro

(02:03) Scaling with “Sneaky Rentals”

(08:02) Can't Keep Up with Bookkeeping!

(14:29) How to Consolidate Debt

(19:31) Where We're Investing

(24:12) When to Refinance?

(30:38) How to Fund a BIG Renovation

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-989

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988: How to Start Making Millions from These Overlooked RV Park Investments w/Heather Blankenship Jul 15, 2024

Show notes

Heather Blankenship has made $10,000,000 alone from just one RV park investment. She got into it with no money and zero experience. While pregnant with her first child, Heather answered the phones, paid the bills, laid mulch, and slept on the office floor, working long days and longer nights to do anything she could to keep the campground running. Over a decade later, she has a $30,000,000 portfolio, with her first campground worth almost half that amount. How did she do it, and can you repeat her same investing strategy?

In her new book, Real Estate Campgrounds, Heather dives into the almost unbelievable streams of income you can create from just one campground or RV park investment. In today’s show, she shares the different ways you can make money (and cash flow!) from your first campground investment, what to know before you buy, and how rental property owners can transition from single-family or multifamily rentals to campground investments.

We also bust some myths that have probably stopped you from investing in this lucrative asset class before. Do you need a ton of money? Nope. Do you need a HUGE campground? Not really. Should you have hospitality experience? Maybe. Heather started with ZERO real estate investing experience and now is a campground multimillionaire! Want to follow in her footsteps? Don’t miss this episode!

In This Episode We Cover

How Heather’s campgrounds create over ten income streams (BIG cash flow!)

Making millions by buying overlooked RV parks and campgrounds

The biggest expense of running campgrounds and why you CAN’T get this wrong

What you should know BEFORE you buy a campground to ensure you make money

Transitioning from rental properties to campgrounds and why it may be easier than you think

The common campground investing myths that stop most investors from creating massive wealth with this asset class

And So Much More!

Links from the Show

See Dave and Henry at BPCON2024 in Cancun!

Glamping, Campsites, and The Insane RV Park Revenue No One is Talking About w/Heather Blankenship

Pre-Order Heather’s New Book, “Real Estate Campgrounds”

(00:00) Intro

(02:17) Campground Investing 101

(07:36) 10 Streams of Income!

(09:37) Making $10M on ONE Park?

(13:21) Know BEFORE You Buy

(19:00) From Rentals to Campgrounds

(23:17) Campground Investing Myths

(33:51) Regulations and Local Laws

(35:38) Common Campground Pitfalls

(39:42) Grab Heather’s New Book!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-988

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987: BiggerNews: Rate Cut Chances Increase as New "Affordable" Markets Emerge Jul 12, 2024

Show notes

Will the new jobs report finally prompt the Fed to cut rates, leading to you scoring a lower mortgage rate? With multifamily rents still falling, should we fear a nosediving rent trend in the near future? And why are all these traditionally overlooked investing markets becoming the new rental property hot spots? You asked, and on this episode of BiggerNews, we’re answering. We’ve taken top questions from the BiggerPockets forums and are answering them on today’s show!

It wouldn’t be a BiggerNews episode without talking about the Federal Reserve. With the latest job numbers pointing in the right direction, is this the final signal the Fed needs before they start cutting rates? Or is there a specific unemployment rate we must hit for the Fed to give us some interest rate relief? Next, we’re talking about the continuously “softening” rents around the country. One sector is actually seeing rents grow, but if you’re not seeing that with your rentals, how do you ensure your tenants stay put and keep paying you rent? We’re giving our expert tips on mitigating falling (or stagnating) rents.

Next, we’re highlighting the “affordable” investing hotspots popping up throughout the country as the cost of living increases. Are these markets actually worth investing in, or are the big cities going to have better returns once they bounce back? Finally, should you wait to save up emergency reserves and risk home prices rising OR buy your first property now? We share exactly what we did in the same position when we first started investing.

In This Episode We Cover

Fed rate cut updates and how close we could be to mortgage rates finally falling

The “softening” rent trend and what you can do NOW to ensure your rent prices stay put

Why the oversupply of multifamily rentals could actually reverse soon

The new “affordable” investing areas that are emerging across the US (and whether we’d buy there)

Emergency reserves 101 and whether you should buy now or keep saving

And So Much More!

Links from the Show

See Dave & Kathy at BPCON2024 in Cancun!

Ask Your Question in the BiggerPockets Forums

Ready to Invest? Grab Dave’s Newest Book, “Start with Strategy”

The Fed Stalls as High Rates Cause More Pain—What Is Powell Doing?

(00:00) Intro

(01:54) Rate Cuts Coming?

(11:24) Rents Are “Softening”

(19:09) How to Mitigate Falling Rents

(21:36) New Affordable Markets Emerge

(28:20) Emergency Reserves 101

(33:05) Ask Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-987

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986: Are Tiny Homes a Good Investment? How a $50,000 Home Pencils Out Jul 10, 2024

Show notes

Are tiny homes a good investment? For just $50,000, you can get a brand new tiny home investment—not even fifteen percent of the average single-family home price in the United States. Even better? These tiny investment properties can bring in over $15,000 per year in rent, making your payoff period minuscule compared to a standard real estate investment. To learn more, we brought Steven Harrell, tiny home builder and investor, on the show to walk through all the numbers and how investors can cash in big on these tiny homes.

Steven has seen the tiny home industry shift from off-the-grid, fringe mini homes in the woods to now a mainstream necessity as more Americans struggle to pay the sky-high cost of rent or a mortgage on standard homes. With affordability at a forty-year low, Americans need cheaper housing options, and tiny homes might be the perfect answer.

We discuss the costs of tiny homes, how much they rent for, finding and buying land to put them on, insurance, financing, and how beginners can get started on this investment at a very attractive price point. Want tiny houses with big profits? This episode is for you!

In This Episode We Cover

How much does a tiny home actually cost to build, and how much it’ll rent for

Tiny home appreciation and whether these small investments are for cash flow only

How to find and buy the land for your next tiny home, plus what you MUST look for

The average insurance cost for a tiny home (it’ll surprise you)

Why the average tiny home tenant might not be who you think it is

Exactly what Steven would do now to get started investing in tiny homes

And So Much More!

Links from the Show

Yes, Tiny Homes Could Be the Most Cost-Effective Way to Cash Flow Right Now—Here’s Why:

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

(00:00) Intro

(01:27) Foreclosed On & Finding “Tiny Homes”

(05:39) Average Cost and Size

(08:12) Do They Appreciate?

(10:02) How to Invest in Tiny Homes

(15:35) It’s THAT Cheap!?

(18:17) Insurance for Tiny Homes

(20:18) Tiny Home Tenants

(22:22) How to Get Started

(26:28) Would We Buy Tiny Homes?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-986

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985: Seeing Greene: How to Use Home Equity to Retire, Buy Rentals, or House Hack Jul 09, 2024

Show notes

Should you use a HELOC to buy investment property? Would we use home equity to retire? When is it time to sell a performing property and exchange it for a more expensive one? If you’ve got home equity, this episode could help you reach financial freedom faster as we answer real listener questions, many about home equity, on today’s Seeing Greene!

If you’ve been investing for a while, you may have some paid-off properties. Should you get a cash-out refinance and live off the loans? That’s what one of today’s investors is asking, but Rob and David have different views on whether this is a good retirement plan. Did your property almost get destroyed by the city this week? Rob’s did! We’ll share the full story at the start of the show.

Next, an investor debates selling her performing rentals to scale into a bigger property. We also answer how to use a HELOC (home equity line of credit) to quickly grow your real estate portfolio. Why are contractors so hard to find? A veteran investor/contractor shares the reason why most contractors suddenly disappear. Finally, a listener has inherited multiple lots of land but wonders if he should build multifamily rentals on them. Can he use the lots as collateral to get the funds to start his investing journey? All that in this Seeing Greene!

In This Episode We Cover

How to retire using home equity and cash-out refinances (and whether you should!)

Why Rob was close to having his newly-renovated home destroyed by the city

When to sell a performing rental property and trade up into a better area

Using a HELOC (home equity line of credit) to invest in real estate

Why good contractors are so hard to find and often vanish from investors’ lives

How to leverage land to fund build-to-rent investment properties

And So Much More!

Links from the Show

Ask Your Question and Network with Investors on the BiggerPockets Forums