BiggerPockets Real Estate Podcast

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear James On the “On the Market” Podcast

James' BiggerPockets Profile

James' Instagram

Grab David’s Book “Pillars of Wealth”

Ask David Your Real Estate Investing Question

From $40K Debt to 4 Doors and Six-Figure Net Worth (In 1 Year!) w/Mike Larson

Which real estate strategy works best to escape the 9-5 rat race?

Connect with Mike

Mike's Instagram

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-917

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916: Crucial Contractor Tips to Avoid Renovation Disaster w/‘Rico to the Rescue’ Mar 18, 2024

Show notes

A bad contractor could not only ruin your home renovation but cost you tens if not hundreds of thousands of dollars. Don’t believe us? Just ask Rico to the Rescue’s Rico León. Rico has spent years cleaning up contractor mistakes, making homeowners feel whole again after getting ripped off, lied to, and scammed by who they thought were reputable contractors. As a contractor himself, Rico knows the red flags to spot right away to tell if a contractor will take your money and run, and he’s sharing them with us today!

This episode is crucial for ANYONE who owns a home, is looking to renovate one, or is just getting started in real estate investing. Home renovations can make or break your career as a real estate investor, so knowing who can get the job done is a skill that can’t be overlooked. Rico breaks down the common problems inexperienced contractors run into, the Ponzi scheme of payments to look out for, how to create a contractor contract so you protect yourself, and the mistakes you can prevent BEFORE you hire a contractor.

Plus, we’ll get into the not-so-obvious red flags that only an experienced contractor will notice, what you need to check before you hire a contractor, the milestones to set up so you don’t get ripped off, and the conversation you must have with ANY contractor before work begins. Finally, Rico leaves us with four tips to help even the most inexperienced homeowner hire the right contractor.

In This Episode We Cover:

Red flags that point to a shady contractor who has their eyes on your wallet

Writing your contractor contract so you stay legally protected during a renovation

Why you never (EVER!) pay upfront for a home renovation

What you MUST check before you hire a contractor to ensure they’re legit

The common contractor Ponzi scheme that is slowly being targeted by local governments

Expert-tested tips to hire the right contractor for your first home renovation

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear Henry and James On the “On the Market” Podcast

Henry's BiggerPockets Profile

Henry's Instagram

James' BiggerPockets Profile

James' Instagram

Watch "Rico to the Rescue" On HGTV

Catch Rico On the Other HGTV Shows:

Battle on the Mountain

House Hunters: All Stars

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-916

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

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How to Get an Off-Market Seller on YOUR Side (+Most Common Objections) W/DealMachine Mar 16, 2024

Show notes

Tune into The DealMachine Real Estate Investing Podcast for more episodes just like this!

Want to take down off-market real estate deals? You know, the properties you can get at the lowest prices and make a significant profit on? If so, you must know how to talk to off-market sellers. But, before you take your next seller phone call, you better be prepared to get hit with any of these nine common seller objections. And if you’ve been in real estate for a while, many of these sound familiar. But today, our friends at DealMachine will show you how to handle them like a pro.

“I need to talk to my spouse.” “I need to think about it.” “My house is worth more!” These are just a few common real estate objections you may have heard before. So, how do you turn a standoffish seller into a motivated one? Jennie Hudspeth, sales trainer for top homebuying companies, is on to give her time-tested, expert knowledge on disarming even the most frustrated sellers so you can get on equal footing and make an off-market deal actually happen!

Liked today’s show? Check out even more DealMachine podcast episodes here, where you’ll learn from wholesaling experts and the TOP off-market deal finders!

In This Episode We Cover:

How to handle the top nine real estate objections you’ll hear from off-market sellers

The three things that will make an owner unsure about selling (and how to address them)

The common “smokescreen” objections and how to bring back a seller’s confidence in you

What to do when an off-market seller is fixated on an on-market sales price

Not wasting sellers’ time and ensuring they are in the position to sell their home

Why should you NEVER say, “Can I be honest with you?” and what you should say instead

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Rob's BiggerPockets Profile

Listen to “The DealMachine Real Estate Investing Podcast”

Get Your Next Off-Market Deal Faster with DealMachine

Connect with Jennie:

Jennie's Email

Jennie's Instagram

Jennie's LinkedIn

Connect with David:

Connect with Ryan:

Ryan's Instagram

Ryan's Website

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-bonus-2

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

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915: BiggerNews: Why Mortgage Rates AREN’T Falling w/Caeli Ridge Mar 15, 2024

Show notes

The Fed has signaled something significant for mortgage rates. With inflation still rearing its head and the job market hot as ever, the Fed already has enough evidence to hold back on lowering the federal funds rate, which influences the mortgage rate you get on a home. So when will the Fed finally lower rates so we can escape this highly unaffordable mortgage market? Or, can the Fed pause for the foreseeable future as we enter a new era of high interest rates? Caeli Ridge, President of Ridge Lending Group, is here to help us answer these questions.

Caeli works on getting investors mortgages every single day, so she has a solid pulse on the mortgage market. She gives us a mortgage rate update, explaining what today’s rates look like, when the first Fed rate cuts could come (sooner than you think!), and how a mortgage lender calculates your specific rate. She also gives some tips on navigating this high-rate environment and why merely looking at your mortgage rate as a deciding factor could cost you big time.

As we wrap up, Dave will give his perspective on what the Fed is waiting for and the factors that MUST change before the Fed decides to proceed with a rate cut. He’ll also share a few tips on how to get ahead of the competition with today’s high rates and why these unique advantages won’t last long.

In This Episode We Cover:

How long we’ll have to wait for the Fed to finally cut rates

March 2024 rate update and the rate you can expect on your next mortgage

What matters MUCH more than your mortgage rate when closing on a property

LLPAs (loan-level price adjustments) and how to score a lower interest rate from your mortgage lender

The crucial economic factors the Fed is watching to decide when to lower mortgage rates

How to get ahead of the competition during a high-rate environment and buy when the masses are distracted

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear Dave on The “On the Market” Podcast

Watch Dave on the “On The Market” YouTube Channel

Grab The Personalized Guide to Picking a Mortgage

The BiggerPockets Mortgage & Home Loan Calculator

Should You Buy Mortgage Points?

Fed Meetings Calendar

Connect with Caeli:

Caeli's BiggerPockets Profile

Caeli's Instagram

Caeli's LinkedIn

Caeli's Website

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-915

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

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914: Deals We’re Doing: Rob’s Pink Pickle and How David Made $500K on ONE House914: Mar 14, 2024

Show notes

You hear us talk a lot about buying real estate, but what real estate deals are WE doing in 2024? Today, we’re pulling back the curtain on our portfolios, walking you through actual deals we’re doing, how much they cost us, how much they’re making, and why, surprisingly, one of us STOPPED buying real estate to focus on something that’ll make much more money. Want to know what it is? We’re about to give you every detail you need to repeat the real estate deals we’re doing!

First, Rob will talk about his Pink Pickle…yes, you read that right. It’s the newest bachelorette party-themed short-term rental in Austin, Texas! This short-term rental has everything you’d ever need: a pink pickleball court, a pink dinosaur, a mysterious red button that you SHOULD NOT PRESS, and an above-ground pool. This property took a LOT of work, but it only happened because of a real estate deal gone wrong.

Next, David gives a masterclass on how to make half a MILLION dollars in equity on one rental property. He also shows you how having an investor’s eye can allow you to TRIPLE the square footage of a home and skyrocket the rents, making you much more cash flow than you thought possible. And no one even wanted this property in the first place! How do you find these hidden deals? Stick around; we’ll show you!

In This Episode We Cover:

Whether to buy more doors or reinvest in your real estate portfolio in 2024 (and what we’re doing)

Housing market headwinds that are stopping most investors and how to get around them

Turning a house flip gone wrong into a cash-flowing short-term rental

How David turned a tiny house into a $1.3M triplex with a HUGE equity position

The BRRRRSTR strategy explained (buy, rehab, rent, refinance, repeat, short-term rental)

Why you always check for extra square footage BEFORE you make an offer on a house

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Rob's BiggerPockets Profile

How to Invest in Short Term Rentals (STR)

How to Invest in Real Estate With the BRRRR Method

Book the Pink Pickle

Why I stopped buying real estate (and why you should too)

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-914

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

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913: 150+ Deals in 3 Years and Why You DON’T Want to Be a Landlord w/Don'nell Greer Mar 13, 2024

Show notes

Most real estate investors do a few deals a year if they’re lucky. But today’s guest was doing twenty to thirty real estate deals a MONTH. That’s right—not per YEAR, per MONTH. And he did it all while scaling his real estate business at lightning speed. The best part? He didn’t have to use his own money to get there—his deals were being funded completely by private partners, and if you stick around, you’ll know exactly how to do it, too!

After closely observing investors while he was a real estate agent, Don’nell Greer got the hang of finding and tackling profitable real estate deals. After much analysis paralysis, he got his first deal under contract—an $80,000 home that needed some heavy sweat equity to make it profitable. With high rents and low home prices, Don’nell knew the deal would work, but he needed more money. Through a family loan, Don’nell realized the power of private money, and once he saw the possibilities, there was no turning back.

Fast forward soon after, and Don’nell was borrowing hundreds of thousands of dollars from millionaire investors he met through his network. Thanks to the new source of funding, Don’nell was able to flip dozens of houses a month, making a life-changing business in the process. But it wasn’t all good news. Partnership problems, rising interest rates, and changing market dynamics forced Don’nell to make a hard pivot—a pivot you may have to make in the future!

In This Episode We Cover:

How to get past analysis paralysis and get your first real estate deal in the bag

How to use private money to fund your real estate deals when you’re low on cash

Flipping twenty-thirty houses a MONTH by scaling your real estate business

Taking a chance on tenants and why most landlords say “no” to some of the best renters

How Don’nell corrected course when rising interest rates put his flipping business at risk

The power of coaching and mentorships and why you need a strong real estate community to succeed

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear Dave and Henry On the “On the Market” Podcast

Henry's BiggerPockets Profile

Henry's Instagram

Find Your Next Home Insurance Contact

Don’nell Greer Made $70,000 on the First Property. Now He’s 200 Flips Into His Career—Here’s How He Did It

Connect with Don'nell:

Don'nell's BiggerPockets

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-913

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

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912: Seeing Greene: Paying Off Rentals, Partnerships Splits, & Using Home Equity Mar 12, 2024

Show notes

Want to double your real estate portfolio and bring in much more cash flow? What about using some of your untapped home equity to invest? Today, we’re showing you how to do just that on this episode of Seeing Greene, where we get into real estate partnerships, paying off rental properties, using home equity to invest, and the not-so-secret repeatable thirteen-percent return real estate investment.

Green means go, so we’re flooring it in this episode as David Greene and expert guest James Dainard bring some high-level investing tactics you can use to build wealth even faster. First, we get a question from Real Estate Rookie guest Matt Marcelissen, wondering how he can double his real estate portfolio by harnessing the power of partnerships. David and James give some rare advice on why you SHOULDN’T split things 50/50. Next, an investor wants to know if his low ROE (return on equity) rental is worth paying off. Then, what to do when you have home equity but can’t sell the house? And finally, James’ thirteen-percent return investment he’s using to pay for his kids’ college!

In This Episode We Cover:

How to double your cash flow by using real estate partnerships the RIGHT way

Why splitting returns on your partnership 50/50 is NOT the way to go

Whether or not to pay off a rental property to boost your cash flow

How to invest with home equity when you can’t sell a property

Why David looks for this type of housing market “potential” when buying properties

Hard money investments that can make you double-digit returns

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Ask David Your Real Estate Investing Question

Hear James On The “On the Market” Podcast

Past Episodes Mentioned on Today’s Show:

Dion Mcneeley (Real Estate)

Dion McNeeley (Rookie)

Matt Marcelissen

Seeing Greene 897

Connect with Matt

Matt's BiggerPockets Profile

Matt's Instagram

Connect with James

James' BiggerPockets Profile

James' Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-912

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

911: The “Value-Add” Playbook: How to Boost Equity and Bring in MORE Cash Flow Mar 11, 2024

Show notes

Want to turn your rental property into a cash-flowing machine? What about boosting your property’s equity by tens or hundreds of thousands? The “value-add” strategy can do all this and more, but you’ll need to know the right moves to make. Top real estate investors have been using value-add on their rental property portfolios for decades, turning lackluster rentals into financial freedom-producing properties, and you can do the same IF you know how to spot value-add opportunities.

So, today, we’re showing YOU how to make MORE cash flow and explode your home equity by tweaking your rental properties in the right ways. Both David and Rob have done this numerous times across multiple properties. In fact, David even shares a real-life example of how he increased the cash flow on one of his rental properties by over $10,000/month thanks to an interesting strategy most rookie real estate investors would completely overlook.

Not only that, Rob was able to turn his first Southern California home into a multifamily rental that hosts long, medium, and short-term tenants, and rakes in massive cash flow almost a decade after purchasing it. Whether you’ve got small, big, long, medium, or short-term rentals, you can use value-add to create more passive income and bigger equity gains. Stick around as we give away our secrets on the best value-add moves to make.

In This Episode We Cover:

How to use the “value-add” investing strategy to make MASSIVE cash flow on any property

The two most common ways to add value to your rental property portfolio

The value-add improvements to spot BEFORE you buy another rental property (most people miss this)

Additions, ADUs, and other ways to add more doors to your rental property

Boosting your cash flow by converting your long-term rentals into short and medium-term rentals

What you MUST do BEFORE you start adding on to your rental property

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Rob's BiggerPockets Profile

Learn The Original Value-Add Strategy with The BRRRR Book

The Renovations That’ll Instantly Increase Your Home Value, Part 1

The Renovations That’ll Instantly Increase Your Home Value, Part 2

How to Do Value-Add Renovations Without Disrupting Tenants

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-911

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

910: Zillow’s “Trends Expert” on How to Sell Your Home Faster (and For More!) w/Amanda Pendleton Mar 08, 2024

Show notes

Did you know that a certain shade of paint can help you sell your home for more? Or that one type of countertop could cause buyers to get into a bidding war over your house? What about the one inexpensive outdoor improvement that families LOVE to see when touring homes? Today, we brought on Zillow’s Home Trends Expert, Amanda Pendleton, to share all the secrets to help you sell your home faster and for more!

Amanda’s team at Zillow takes design data to a whole new level. They know which paint colors prospective buyers want to see, the type of pictures you MUST have on your listing, and the cheap upgrades any homeowner can make to get even more bids on their home. In this episode, she’s sharing much of what her team has learned so you can not only sell for more but also learn the tricks sellers are using when you go to buy your next home.

First, Amanda updates us on housing inventory and outlines today’s “typical buyer.” Then we ask, “Is now the right time to sell?” Plus, we’ll get Amanda’s top tweaks to make to your home so you can sell for more. But it’s not just eye-catching upgrades we’re talking about. Amanda also shares the home renovations with the lowest ROI (return on investment) and the one pricey upgrade that is RARELY worth the money.

In This Episode We Cover:

Home renovations that cost less than $5,000 but can BOOST your property value

The free home-selling tweaks you can make that will bring in more buyers

The upgrades that will hurt your home when trying to sell and could be a negative investment

2024’s typical buyer, and exactly what they’re looking for when shopping for homes

A housing inventory update and why we’re slowly starting to see homes come on the market

The one super affordable upgrade anyone can make to their backyard

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Henry's BiggerPockets Profile

Henry's Instagram

Hear Dave and Henry On The “On the Market” Podcast

Best Interior Paint Colors for Selling Your House

Zillow Data From Today’s Show:

Zillow Research Page

Connect with Amanda:

Amanda's LinkedIn

Amanda's X/Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-910

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

909: 6 Expert Tips for Out-of-State Real Estate Investing Mar 07, 2024

Show notes

Can’t invest in your own backyard? Out-of-state investing is the way to go! With it, you can invest nationwide, finding more cash flow or appreciation potential than you would in your local area. But managing a rental property portfolio from hundreds, if not thousands of miles away, isn’t always easy. Thankfully, we’ve got two time-tested out-of-state investors with six killer tips to share on making your next long-distance investment as profitable and painless as possible.

Whether you’re buying short-term rentals, long-term rentals, or something in between, these tips can help ANYONE find financial freedom faster, deal with fewer tenant headaches, and save a ton on future maintenance bills. The best part? You don’t have to check in on your property every other week to ensure it’s safe and sound, but you will need local help if you’re trying to take your investment to the next level. What exactly do we mean? Stick around; we’re walking through all the top tips you need to know.

Want more tips for out-of-state investing? Pick up David’s book, Long-Distance Real Estate Investing!

In This Episode We Cover:

The top six expert tips for buying and managing out-of-state investment properties

Cash flow vs. appreciation and why you MUST know what you want BEFORE you buy an out-of-state rental

The real estate market “fundamentals” that point to a phenomenal investing area

Investing with your end goal in mind so you can quit your job or retire a multimillionaire

Local laws that can DESTROY your investment if you DON’T know about them

The “boots on the ground” team that’ll keep your property in tip-top shape (no matter where you are)

And So Much More!

Links from the Show