BiggerPockets Real Estate Podcast

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Episode 840: Seeing Greene: Rehab Costs, Renting vs. Owning, and The END of Real Estate?

Books Mentioned in the Show

Pillars of Wealth by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-877

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876: Huge Opportunity for New Multifamily Investors As Prices Set to Drop w/Brian Burke and Matt Faircloth Jan 22, 2024

Show notes

Multifamily real estate has crashed, but we’re not at the bottom yet. With more debt coming due, expenses rising, incomes falling, and owners feeling desperate, there’s only so much longer that these high multifamily prices can last. Over the past year, expert multifamily investors like Brian Burke and Matt Faircloth have been sitting and waiting for a worthwhile deal to pop up, but after analyzing hundreds of properties, NOTHING would work. How bad IS the multifamily market right now?

Brian and Matt are back on the podcast to give their take on the multifamily real estate market. Brian sees a “day of reckoning” coming for multifamily owners as low-interest debt comes due, banks get desperate to be paid, and investors run out of patience. On the other hand, Matt is a bit more optimistic but still thinks price cuts are coming as inexperienced and overconfident investors get pushed out of the market. So, how does this information help you build wealth?

In this episode, Brian and Matt share the state of the 2024 multifamily market, explain exactly what they’ve been doing to find deals, and give their strategy for THIS year that you can copy to scoop up real estate deals at a steep discount. Wealth is built in the bad markets, so don’t skip out on this one!

In This Episode We Cover:

The state of multifamily real estate in 2024 and how low prices could go

A “day of reckoning” coming for inexperienced/overleveraged multifamily owners

Whether or not we’ve reached the bottom for multifamily price drops

What rookie real estate investors should do NOW to take advantage of this down market

Rising mortgage rates and how increased costs have KILLED many multifamily deals

Exactly what Brian and Matt are investing in during 2024 to make money no matter how the market moves

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

Top Multifamily Investors’ Advice for Buyers in 2023? DON’T Do It

Books Mentioned in the Show

Raising Private Capital by Matt Faircloth

The Hands-Off Investor by Brian Burke

Connect with Matt:

Matt's BiggerPockets Profile

Matt's Website

Matt's Instagram

Connect with Brian:

Brian's BiggerPockets Profile

Brian's Website

Brian's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-876

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875: BiggerNews: Top “Snowbird” Rental Markets with Year-Round Cash Flow w/Kristen Taylor Jan 19, 2024

Show notes

Snowbird season is coming to THESE real estate markets. Every winter, millions of freezing northerners go south, seeking a temporary escape from the cold and to dethaw themselves before returning in spring. And while you may think that most of these destinations are expensive cities, like Miami, there are some cheaper areas that make not only perfect snowbird rental markets, but profitable year-round short-term rental markets as well.

On this BiggerNews, Vacasa’s Kristen Taylor joins us to give her take on the markets with the most demand and the once-popular markets starting to see declines, including a top-rated tourist destination you wouldn’t expect. Kristen shares updated numbers on how long snowbird season lasts, how the typical snowbird is changing, and why snowbird markets can be MUCH more affordable than year-round vacation destinations.

And if you’ve got equity in one of YOUR properties that you’d like to turn into snowbird rental property, stick around until the end. This episode’s Seeing Greene segment will answer the age-old question: what do I do with all my home equity?

In This Episode We Cover:

Snowbird season explained, how long it lasts, and who’s flying south

The top snowbird markets in America (and why some are MUCH cheaper than you’d expect)

Snowbird markets to stay away from that are seeing declining vacation populations

Combining medium-term and short-term stays to make money the entire YEAR (unlike many short-term rentals)

What to do with a property with a LOT of home equity: sell, get a HELOC, refinance, or keep it?

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

8 best Florida snowbird destinations

Book Mentioned in the Show

Start with Strategy by Dave Meyer

Long-Distance Real Estate Investing by David Greene

Connect with Kristen

Kristen's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-875

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

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874: How to Invest in Real Estate in 2024 (Step-by-Step) Jan 18, 2024

Show notes

If you want to know how to invest in real estate, you’re in the right place. Today, we’re going to break down the nine beginner steps to getting your first or next rental property so you can start building wealth, make passive income, and get closer to financial freedom. And while it may SEEM like real estate investing is tough in 2024 with high mortgage rates and scarce housing inventory, lower competition could make getting your next deal easier than you think. Ready to start?

Dave Meyer, BiggerPockets' VP of Data and Analytics and host of On the Market, has used these beginner steps to reach financial independence, grow a sizable real estate portfolio, and have enough passive income to do what he wants when he wants. If you want to be in Dave’s position in the next five or ten years, you can follow his strategy STEP-BY-STEP to reach your real estate goals, start building wealth, and finally achieve financial freedom.

Get access to exclusive real estate investing calculators, lease agreements, bootcamps, and more with BiggerPockets Pro, and use code “NEWYEAR2024” for a special discount!

In This Episode We Cover:

How to start investing in real estate in 2024 and buy your FIRST rental property

Why New Year's resolutions DON’T work (swap them for THIS instead)

The BIG advantage to investing in 2024, even with high rates and low inventory

How to set your five-year, one-year, and quarterly goals for passive income and investing

The “LAPS” funnel that brings you unlimited real estate deals

How to analyze a rental property in MINUTES with the BiggerPockets Rental Property Calculator

The one tool EVERY investor needs to start building wealth with real estate

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

Rental Property Calculator

Rent Estimator

Investment Properties for Sale

Book Mentioned in the Show

Start with Strategy by Dave Meyer

Connect with Dave

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-874

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

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873: Replacing Her HUGE W2 Salary in Just 3 Years w/ "Negative" Equity Rentals w/Kate Lynch Jan 17, 2024

Show notes

How much passive income would you need to quit your job? How many rental properties would you have to buy? Most real estate investors think they’d need twenty, thirty, fifty, or a hundred units to finally retire with a six-figure passive income stream, but that could take decades to achieve. So, how do you do it faster? How do you build massive passive income, monstrous cash flow, and find financial independence fast? Follow Kate Lynch’s advice.

Three years ago, Kate was working…a LOT. Seventy-hour work weeks were the norm as she left the house before sunrise and returned well past sunset. Her family time was non-existent, moments with her kids were only reserved for the weekends, and her job controlled every aspect of her life. And while she was getting compensated fairly for the work she was putting in, watching her family time fly by was too much of a burden to bear. So, a rental property portfolio became the goal.

Kate bought in a completely unconventional area for her strategy, focusing entirely on cash flow, not caring much about equity, and doing whatever she could to replace her outrageous W2 income. Now, just three years later, she’s financially free, and if you follow her steps and only make a THIRD of what she’s making, you will be too!

In This Episode We Cover:

How to get off the “hamster wheel” of working a W2 job and find financial freedom

Using your retirement funds to invest in real estate (and whether or not it’s worth it)

The unconventional short-term rental markets that make HUGE cash flow

Buying homes with “negative equity” and how they can make you massive passive income

Long-term vs. short-term rentals and whether the extra cash flow is worth more work

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

Henry's BiggerPockets Profile

Henry's Instagram

See How Much You Can Earn on Airbnb

Ask Your Seeing Greene Question

10 Deals on a $20K Waitress Salary w/Ashley Hamilton

Connect with Kate

Kate's BiggerPockets Profile

Kate's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-873

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872: How to Turn Your Primary Residence into a Rental Property Jan 15, 2024

Show notes

So, you want to know how to rent your house out. Maybe you’re upsizing or downsizing, moving away for work, or just want to buy another primary residence and take advantage of low-money down loans. Whatever your reason, renting out your primary home can be a phenomenal way to get into the real estate investing game. You’ll make passive income, all while holding on to the equity in your home and appreciation potential. So, how do you start?

David, Henry, and Rob are all on the show today to give you a step-by-step guide to turning your primary residence into a rental property. Hundreds of properties have been owned between these three investing experts, and all of them have turned their primary residences into rental properties multiple times. But before you rent out your home, you’ll need to know if your home is even rentable.

We’ll tell you exactly what you need to know to decide whether or not your home would make a good rental, how to make the most money possible off your home with affordable finishes, added amenities, and upgrades, how to decrease your liability and keep your property safe, insuring your rental, screening tenants, collecting rent, and more. If you’re a beginner landlord or are renting out your home for the first time, you CANNOT miss this.

In This Episode We Cover:

How to convert your primary residence into a rental property

How to know whether or not your home would even make a profitable rental

Areas to invest in and what potential renters will look for

Long-term vs. short-term rental investing and how to know which works best for your home

Affordable finishes and amenities you can add to rent out your home for more

What you MUST fix in your home to keep your liability as low as possible

Landlord insurance and the one added policy you (probably) should get

How to screen tenants, collect rent, and get substantial tax benefits

Whether to invest in out-of-state rentals or buy property in your backyard

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

Henry's BiggerPockets Profile

Henry's Instagram

Check Out the BiggerPockets Blog Posts for Beginners

FIRE by 27 Using the “Chick-Fil-A Rule” of Real Estate

How To Rent Your House: A Step-By-Step Guide

Use RentRedi to Screen Tenants, Collect Rent, and More

Book Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-872

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

871: BiggerNews: Why the Crash Predictors Are Wrong About a Foreclosure “Crisis” w/Rick Sharga Jan 12, 2024

Show notes

Everyone keeps talking about an incoming surge of home foreclosures. Over the past few years, online crash predictors shouted from the rooftops about how another foreclosure crisis is always on the way, and we’re only months from a full-on meltdown. How much of this is true, and how much of it is pure clickbait? We’ve got Rick Sharga, Founder and CEO of CJ Patrick Company, one of the world’s leading housing market intelligence and advisory firms, on the show to tell us what the data points to.

Ever since the pause on foreclosures during the pandemic, homeowners have been getting win after win. They were able to save up plenty of cash, their home values skyrocketed, and they could refinance at the lowest mortgage rates on record. Now, with high rates, still high home prices, and steady demand, homeowners have most of the power, EVEN if they’re behind on payments. But, as the economy starts to soften, could the tapped-out consumer finally force some homeowners to default on their loans?

In this BiggerNews episode, Rick will give us all the details on today’s current foreclosure landscape, walk us through the three levels of foreclosures, give his 2024 foreclosure prediction, and share the economic indicators to watch that could signal a coming foreclosure crisis.

In This Episode We Cover:

A 2024 update on foreclosure rates, defaults, and Rick’s foreclosure forecast for next year

The three levels of foreclosure and why most homes WON’T ever be defaulted on

Rising consumer debt and what happens as more Americans default on their credit card and auto loans

Housing supply and whether or not a foreclosure crisis could finally give us some inventory

Economic indicators to watch that could signal a rise in foreclosures

How to use your home equity to invest in real estate (WITHOUT putting yourself at too much risk!)

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 on the “On the Market” Podcast

Books Mentioned in the Show

Start with Strategy by Dave Meyer

Pillars of Wealth by David Greene

The One Thing by Gary Keller

Connect with Rick:

Rick's LinkedIn

Rick's X/Twitter

Rick's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-871

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

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870: The Real Estate “Strategy” ANYONE Can Use to Build Wealth in 2024 Jan 10, 2024

Show notes

If you want to build wealth through real estate, you’ll need a real estate “strategy.” Most people THINK that just buying rental properties or flipping houses is enough, but the experts know that’s far from the truth. If you REALLY want to get rich, find financial freedom, live life on your terms, and own your time, you’ll have to copy what the wealthy do and build a real estate investing strategy that fits YOUR life and YOUR goals. Here’s how you do it!

In today’s show, Dave Meyer, BiggerPockets VP of Data and Analytics and author of Start with Strategy, shares how YOU can build wealth in 2024 without a big portfolio or any investing experience. Even if you’re a complete beginner, Dave will walk you through how to create an investing strategy specific to you, a “portfolio plan” that’ll explode your wealth, and a “deal design” that helps you lock in on the perfect properties for your portfolio.

If you want to build wealth in 2024, pick up Start with Strategy and use code “START870” at checkout to get 10% off PLUS pre-order bonus content!

In This Episode We Cover:

How to create your wealth-building real estate investing strategy for 2024

The “portfolio plan” and why you MUST build a portfolio, not just buy properties

Creating your “vision” for a life you’d love to live, funded by real estate investments

The “deal design” that’ll help you find the BEST properties for your portfolio

How to make more money with fewer rentals using “portfolio management”

Dave’s personal 2024 investing strategy he’ll be using to build wealth THIS year

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 Your Copy of “Start with Strategy” and Use Code “START870” for a 10% Discount

Books Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Pillars of Wealth by David Greene

Connect with Dave:

Catch Dave on the “On the Market” Podcast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-870

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

869: Why NOW is The Time to Buy a House (BEFORE Rates Go Down) w/Avery Carl and Caeli Ridge Jan 08, 2024

Show notes

If you’ve been thinking about buying a house in 2024, you already may be too late. With mortgage rates dropping, listings increasing, and spring buying season only a short couple of months away, NOW is the time to act before bidding wars start up again. With so much pent-up buyer demand, agents and lenders are already seeing a spike in activity, and we haven’t even gotten to spring. So, if you want to know how to buy a house in 2024, even with fierce competition, we’re here to help.

Avery Carl, short-term rental expert and agent, and Caeli Ridge, President at Ridge Lending Group, join us to talk about what they’re seeing in the market NOW, what their housing market predictions are as buying season heats back up, and whether or not now is even the time to buy. Both Avery and Caeli work heavily with investors, so they know what does and doesn’t work when buying a rental property, NOT just a primary residence.

We’ll touch on the hottest markets that could see the most competition, why rookie investors need to snap out of analysis paralysis to win in 2024, and why this buying season could become red-hot in just a few months. Plus, David and Rob will answer a listener’s question about how to win in a competitive market without having the highest bid.

In This Episode We Cover:

“Buying season” and why spring 2024 could bring back the hot housing market

Most active real estate markets that are seeing inventory fly off the MLS

Why mortgage rates are NOT as important as you think they are

The “great stalemate” and what could cause homeowners to finally list their houses

Whether to buy or wait and the risk of holding out for lower mortgage rates

How to beat other buyers when bidding for investment properties

And So Much More!

Links from the Show