BiggerPockets Real Estate Podcast

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4 Vital Points to Consider BEFORE Getting Into New Construction

Top 5 Build-to-Rent Housing Markets for Cash Flow and Appreciation

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Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-888

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887: Seeing Greene: Your Last Chance Before the House-Buying “Tsunami” Hits? Feb 06, 2024

Show notes

Got just enough savings to buy a rental property? Before you pull the trigger, you’ll want to hear today’s episode because you could be making a big mistake. Speaking of buying, are future rate cuts going to push mortgage rates down so low that buyers and bidding wars flood the market? Is this your last chance to get in before home prices shoot back up? Don’t worry; we’re getting to all these questions in this week’s Seeing Greene.

David is back and better/balder than ever as he answers your real estate investing questions. First, a young house hacker wants to know what he should do when there are no good deals in his area. Then, another young investor debates whether they should buy a rental or invest in stocks instead. Unfortunately, there’s one big problem he’s overlooking. A new investor wonders if she should dump her ENTIRE savings into a second home, and a realtor asks for lead generation tips. Finally, David gives his take on what will happen when mortgage rates finally fall this year.

Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!

In This Episode We Cover:

What to do when you can’t find a cash-flowing deal in your area

Whether to invest in real estate, invest in stocks, or keep saving and wait

Mortgage rate cut predictions and the “tsunami” of buyers that could flood the housing market

The BIG problem with dumping your savings into a rental property

The TRUTH about real estate investing that none of the gurus will ever tell you

How to get more real estate leads by NOT following the basic agent/investor trends

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Grab the “Picking a Market Worksheet”

Catch Dave and Henry on the “On the Market” Podcast

Census Reporter

ChatGPT

FRED

Books Mentioned in the Show:

Pillars of Wealth by David Greene

The Small and Mighty Real Estate Investor by Chad Carson

SOLD by David Greene

Jab, Jab, Jab, Right Hook by Gary Vaynerchuk

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-887

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

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886: How to Choose a Real Estate Investing Market (Step-by-Step) Feb 05, 2024

Show notes

Before you buy your first rental property, you’ll need to choose a real estate market. If you’re like many Americans, your own backyard may not offer what you want out of an investing area. So, where do you go to find cash flow or appreciation? Today, we’re walking you through choosing a real estate investing market, the metrics to look for, signs of growth and decline, and which markets offer investors the biggest benefits.

How hard is it to do market research? If you have access to the internet, you can research a market in a matter of minutes. But knowing WHAT to research is the most crucial part. Dave Meyer, VP of Market Intelligence at BiggerPockets and host of the On the Market podcast, shares his steps to market analysis and how he analyzes each market to ensure it’ll make him the most money in the long run.

We’ll touch on population and migration, supply and demand, vacancy rates, rent-to-price ratios, landlord vs. tenant-friendly states, and the telltale signs that a market will have high or low cash flow. So before you buy your first or next rental property, make sure you do THIS research!

In This Episode We Cover:

How to choose a real estate market in 2024 (market analysis 101)

The market “fundamentals” that show whether an area is worth investing in

Vacancy rates and signs that you’ll have a HARD time finding tenants

The 1% rule and whether or not we’d still use it in 2024

Cash flow vs. appreciation markets and who should NOT be chasing cash flow

Tenant vs. landlord-friendly states and how to quickly tell which is which

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Grab the “Picking a Market Worksheet”

Catch Dave and Henry on the “On the Market” Podcast

Census Reporter

ChatGPT

FRED

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Start with Strategy by Dave Meyer

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-886

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

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885: BiggerNews: America's Path to "Renter Nation" as Prices Rise, Rates Stay Put w/J Scott Feb 02, 2024

Show notes

The US economy has survived the past few years surprisingly well. But there's one huge threat on the horizon no one is watching. With layoffs and bankruptcies already starting to tick up, a new wave of misfortune could hit consumers EVEN as inflation cools, interest rates begin to drop, and asset prices hit an all-time high. What's coming for us that only the most economically inclined know about? We're about to break it down on this BiggerNews.

J Scott, investing legend and author of too many real estate books to name, is back on the show to talk about housing crashes, economic predictions, mortgage rates, consumer sentiment, and the silent threat to the US economy that nobody is thinking about. J knows the game better than most and is the furthest thing from a bubble boy or permabull. He’s got his finger on the economic pulse and uses the most up-to-date economic data to form his opinions.

On today's episode, J shares whether or not he believes another housing crash is coming, how America could become a "renter nation" over the next decade, whether or not home prices will stay high once rates drop, how low mortgage rates could go in 2024, and the biggest economic risk to businesses, employees, and anyone operating in the US economy.

In This Episode We Cover:

The likelihood of another housing crash, especially if America falls into a recession

A silent risk to the US economy that could hit everyday Americans hard

Why Americans are pessimistic about the economy but spending more than ever

The economic "musical chairs" which must come to a stop sometime soon

Why home prices could continue to rise as mortgage rates begin to fall

Mortgage rate predictions and J's forecast for how low they'll go in 2024

The big bank bailout program that could be coming to a close

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Grab All of J’s Top Real Estate Investing Books

Catch Dave on The “On the Market” Podcast

7 Tips for Successfully Investing in ANY Market Condition With J Scott

Books Mentioned in the Show:

Real Estate by the Numbers by J Scott

Connect with J:

J's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-885

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

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884: How to Use "Hard Money" to Flip Houses, BRRRR, or Buy More Deals w/Will Heaton Feb 01, 2024

Show notes

You’ve heard top investors talk about “hard money loans” before, but what are they? You never walk into a bank and see a “hard money” sign, and if you aren’t outwardly searching for it, you’d probably never know hard money was a thing. That’s because hard money isn’t coming from a bank or big institution, and because of that, it has some HUGE benefits over getting a standard loan. Better loan-to-value ratios, higher lending amounts, faster funding, and the ability to get a loan on a ROUGH property are just a few. So, how do YOU find your first or next hard money loan?

We’ve got Will Heaton from Heaton Dainard Real Estate on the show to share his experience as a hard money lender and investor for the past two decades. Will has been on both sides of hard money—he’s been the lender and the borrower, but now primarily focuses on lending to OTHER investors trying to build their fix and flip businesses or real estate portfolios.

Will walks us through what hard money is, why it often beats bank loans, how much it costs, the hard money lending process from start to finish, and how to BECOME a hard money lender if you’ve got too much cash in the bank and want to make a solid return. Plus, who should and definitely should not be using hard money to invest in real estate. Having trouble getting your fix and flips or BRRRRs funded? Stick around because hard money may be your best bet.

In This Episode We Cover:

Hard money loans explained and which investors should choose it over a bank loan

Common hard money fees, interest rates, and payoff periods

The hard money process, from getting preapproved to paying back the loan

How to become a hard money lender yourself and put your cash to work

The hard money “draw” process and when you can expect to get your money from a lender

What happens if you DON’T pay back your hard money loan

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Catch Dave & Henry on the "On the Market" Podcast

Hard Money Lending 101

How to Become a Hard Money Lender

Connect with Will

Heaton Dainard

Intrust Funding

Will's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-884

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883: From Homeless at 17 to Solving the Affordable Housing Crisis for a Profit w/Terrica Lynn Smith Jan 31, 2024

Show notes

The affordable housing crisis is an ongoing challenge here in the United States, but this developer has cracked the code in her own backyard—providing more opportunities for low and median-income households without gentrifying their communities. The cherry on top? She’s making a huge profit while doing it.

In 2005, during Hurricane Katrina, Terrica Lynn Smith couldn’t scrounge up a few hundred dollars to evacuate her and her two children from New Orleans. After this traumatic event, Terrica was determined to break the curse of generational poverty and create a better financial future for her family. Little did she know that she would be creating a better life for countless people in her community as well. After seven failed attempts, Terrica passed her real estate exam and started selling homes. She jumped at any opportunity to learn something new, which allowed her to advance from a real estate agent to an investor, and finally, to a developer.

If you want to have a powerful impact with real estate but lack the resources to do it, this episode is for you. Terrica provides the blueprint for delivering affordable housing to your community at a profit. She also shares the best ways to bring value to a real estate investing partnership, how to get bank financing for large developments, and why cultivating the right mindset is so crucial to your success as an investor!

In This Episode We Cover:

Solving the affordable housing crisis in your community (and how to make a profit)

Why you should get into real estate even if you’re starting from ZERO

Building an impenetrable mindset for real estate investing

How to bring value to a real estate partnership (beyond capital)

How to get bank financing for new development projects

FREE resources to fast-track your real estate journey

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Catch Henry on the "On the Market" Podcast

The Beginner’s Guide to Real Estate Development (with LOW Money Down!)

Institutional Investors are Buying Up Affordable Housing in Droves—Are They on to Something?

Connect with Terrica

Terrica's BiggerPockets Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-883

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882: Seeing Greene: How Do I Start Investing When There’s NO Cash Flow? Jan 30, 2024

Show notes

A few years ago, everyone was wondering how to start investing in real estate, but now the question has switched to “Is it too late?” If you’re stuck on the sidelines but want to get into the real estate investing game, this Seeing Greene is for you.

The man of the people is back for another Seeing Greene-style show! This time, David is answering questions from new investors, experienced investors, and everyone in between. First, we’ll hear from an investor who’s wondering about the value of a low mortgage rate, especially when buying a new build. Is a lower rate worth a higher price? Then, David tells you how to convert your home equity into a new investment property and what you MUST know before getting into commercial real estate. A college student wants to know how to use his $20K savings, and a “late starter” searches for cash flow in a market that’s dry as a desert!

In This Episode We Cover:

What to do with $20,000 if you want to start investing in real estate

How to create cash flow when rental properties DON’T profit in your market

Using your home equity to invest in BIG properties (commercial real estate investing 101)

Why a low mortgage rate ISN’T everything and other factors you MUST check before you buy a deal

The tricky mortgages you MUST look over BEFORE you sign (you could be surprised!)

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Ep 869: Why NOW is The Time to Buy a House (BEFORE Rates Go Down)

How to Start a Real Estate Portfolio with Just $10K

Books Mentioned in This Show

Pillars of Wealth by David Greene

Long-Distance Real Estate Investing by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-882

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

881: How to Use Home Equity, 401(k)s, or IRAs to Invest in Real Estate w/Kyle Mast Jan 29, 2024

Show notes

Got home equity? Great, because today we’re showing you how to use home equity to invest in real estate, even if you’re low on cash. But maybe you’re still saving up to buy your first property. Well, we’ve got you covered; we’re also sharing the TOP ways to use your retirement accounts—your Roth IRA or 401(k)—to invest faster than ever before and even lock down your first property in 2024!

Joining the show is Kyle Mast, fellow real estate investor and CFP, to talk about all the ways you can invest in real estate that you didn’t even know about. And if you’re like many Americans, you’ve got home equity just sitting there, waiting to be used, so today, we’re walking through how to unlock it so you can build wealth faster, retire earlier, or renovate that rental you just bought!

Kyle goes over the multiple ways to finance these investments using a home equity line of credit (HELOC) or retirement accounts like Roth IRAs and 401(k)s, the special program new homebuyers can use to get their first house faster, and why you DON’T want to cash-out refinance your property just yet. Ready to start? Let’s get into it!

In This Episode We Cover

How to use home equity or retirement accounts to invest in real estate

Cash-out refinances vs. HELOCs and the EASY choice in today’s high-rate environment

How to qualify for a HELOC and whether you can get one on your rental property

The 401(k) loan where YOU act as the bank and what to watch for BEFORE you get one

The first-time homebuyer cheat code that lets you access retirement funds with NO penalty

How to make COMPLETELY passive income by “lending” your home equity

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-881

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

880: How to Get a Home Loan as a House Hacker, Investor, or First-Time Homebuyer w/David Mackin Jan 26, 2024

Show notes

If you want to start investing in real estate, you’ll need to know how to get a mortgage. But with so many home loans available, which is the right one to pick? Do you go FHA or conventional? Do you work with your local bank or call a broker? How much can you even afford? These questions alone might put you into analysis paralysis, so today, we’re breaking down what it takes to get a home loan, how much YOU can qualify for, and the best real estate investment for beginners.

To demystify the home loan process is David Mackin—the third David in today’s episode—mortgage broker, house hacker, and home loan expert. He knows what you need to qualify for a mortgage in 2024 because he qualifies buyers all day long. David shares how YOU can determine how much home you can afford, why you’re getting different mortgage rates from different lenders, and how to find cash flow in your market by reverse engineering your real estate calculations.

And, if you’re looking for the easiest, lowest cost, and arguably best way to get into real estate in 2024, this episode is for you. We’ll break down why house hacking has become the new norm and why skipping out on it can cost you BIG in your real estate investing journey.

In This Episode We Cover:

The simple calculation to estimate how much home you can afford in 2024

Getting pre-approved for a mortgage and why credit score ISN’T as crucial as you think

The danger behind getting a low mortgage rate and signs that your lender isn’t experienced

Debt-to-income (DTI) and two factors that can throw your home loan completely off track

Why house hacking is the BEST way to start investing in real estate (especially with high home prices)

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Join the BiggerPockets Virtual Summit

Check Out Dave On the “On the Market” Podcast

House Hacking 101: What It Is and How to Get Started

Books Mentioned in This Show

Pillars of Wealth by David Greene

Start with Strategy with Dave Meyer

Connect with David Mackin

David's LinkedIn