BiggerPockets Real Estate Podcast

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

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Dedric's BiggerPockets Profile

Dedric and Krystal's Facebook

Dedric and Krystal's Instagram

Dedric's LinkedIn

Dedric and Krystal's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-868

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867: Zillow and Redfin Top Economists Give Their 2024 Housing Market Predictions Jan 03, 2024

Show notes

With doomsday headlines and lagging consumer confidence, how should you proceed in 2024? Time to get the advice of TWO senior economists! BiggerPockets’ Dave Meyer talks with ZILLOW’s Orphe Divounguy and REDFIN’s Chen Zhao to demystify the latest US economic indicators and provide you with strategies to thrive in this year’s housing market.

We’ll get into home prices, the incoming “affordability correction,” mortgage rate forecasts, and why next year could be significantly better for buyers. But that’s not all. Both Chen and Orphe share their outlook for the 2024 economy, the state of the American consumer, and what could happen as student loans kick back in, credit card delinquencies increase, and cash reserves run dry.

Finally, we’ll end things with Chen and Orphe’s list of real estate markets to watch and the pricey areas that may see a revitalized post-pandemic boom. If you want to know what to expect, where to invest, and if the hot housing market will return in 2024, stick around!

In This Episode We Cover:

Redfin and Zillow’s 2024 housing market predictions

The “weakening” American consumer and what this means for homebuying

2024 mortgage rates, “disinflation,” and where we could end up next December

The “affordability correction” that could help home buyers get their first house

Riskiest real estate markets in America that could see HUGE price cuts

Affordable markets to watch that have had rock-solid home prices

And So Much More!

Links from the Show

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Subscribe to The “On The Market” YouTube Channel

Dave's BiggerPockets Profile

Dave's Instagram

Hear Dave on The “On The Market” Podcast Wherever You Listen to Podcasts

Hear Past “On the Market” Episodes with Chen and Orphe:

On The Market 151 with Chen

On The Market 150 Orphe (Ep. 1)

On The Market Orphe (Ep. 2)

2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities

Connect with Orphe:

Orphe's LinkedIn

Orphe's Research

Tune into “Everyday Economics” with Orphe

Connect with Chen:

Economists Corner

Chen’s LinkedIn

Chen's Research

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-867

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866: Do College Football Towns Make the BEST Real Estate Investing Markets? Jan 02, 2024

Show notes

What makes a good real estate market? A stable or growing population, large employers nearby, tourism, and, as a bonus, college-educated residents. Put those all together, and you’ve just stumbled upon your next great real estate investing area: college football towns! After digging into the data, the On the Market panel discovered that many top college football markets aren’t just great for partying and tailgating; they’re also undeniably promising property markets!

On today’s episode, Dave, Henry, James, and Kathy will uncover four of the BEST college football markets in the nation and share which ones they personally would invest in. Looking for cash flow? We’ve got a couple of markets. What about long-term appreciation? We have those, too! We even have one STRONG college football market that has seen prices drop off over the past two years, with HUGE potential for rising prices in the near future.

If you’ve been waiting to buy your first or next rental property but don’t know where to invest and which metrics to watch, this is THE episode to listen to. The On the Market panel will explain exactly how they analyze each market, which ones make sense for which investor, and why you’ll want to score a deal in these cities before it’s too late!

In This Episode We Cover:

The four best real estate markets for cash flow, appreciation, and football

One expensive market with amazing house flipping profits and NO income tax

The boomtown market that's seeing BIG price drops but has massive appreciation potential

Two cash flow real estate markets with low home prices and strong populations

The metrics expert investors look at before they invest in ANY real estate market

And So Much More!

Links from the Show

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Subscribe to The “On The Market” YouTube Channel

Dave's BiggerPockets Profile

Dave's Instagram

Henry's BiggerPockets Profile

Henry's Instagram

James' BiggerPockets Profile

James' Instagram

Kathy's BiggerPockets Profile

Kathy's Instagram

Investing in College Rental Property — Step-by-Step

The 8 Best Housing Markets in The US For Low Prices and High Cash Flow

Austin Price Decline Forecast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-866

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865: Debunking the Housing Market: Why 86% of Americans Are Wrong About Real Estate Jan 01, 2024

Show notes

Most Americans believe that buying a house is a BAD idea right now. With so much hate on the housing market from everyday people, why are expert investors buying more than ever? Do they know something that we don’t? Or is it just because they have more money and experience than the rookie real estate investor or first-time home buyer? Nope, it’s even more simple than that!

We rounded up four housing market experts who actively invest to get their takes on the 2024 housing market. David Greene, expert investor; Rob Abasolo, the king of short-term rentals; Dave Meyer, host of On the Market, and Henry Washington, house flipper and buy and hold investor, are here to give us their takes on whether buying a home could a be good, bad, or ugly decision this year.

The experts also review top surveys that highlight consumer, home buyer, and investor sentiment, plus what they think the best move to make in 2024 is. Take it from four investors who have built considerable wealth through real estate; following the masses isn’t always your best bet.

In This Episode We Cover:

Why most Americans think now is a BAD time to buy real estate

Rock-bottom consumer sentiment, rising credit card debt, and more 2024 economic headwinds

The split investor survey that shows why SO many investors are on the fence

The effects of falling mortgage rates and whether or not now is a good time to sell

Who should NOT be investing in real estate right now (or ever)

The 2024 investing moves that could make you rich in the long-run

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

Is Buying a Bad Decision?

Real Estate Investing For Beginners: How To Get Started

Fannie Mae National Housing Survey

University of Michigan Consumer Sentiment

Fall 2023 RCN Investor Sentiment Survey

Connect with Dave:

Dave's BiggerPockets Profile

Dave's Instagram

Connect with Henry:

Henry's BiggerPockets Profile

Henry's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-865

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864: Seeing Greene: How to Make Even MORE Cash Flow Off Your Rental Properties Dec 29, 2023

Show notes

Want to make multiple streams of income? Well, guess what? You DON’T need to buy more properties to do it. Instead, you can turn an existing rental property into a cash cow…but it has to meet the right qualifications. This is precisely what today’s first guest, Stacie, is looking for. She’s got multiple properties, and some have enough land to add a second rental property. But is doing development worth the high cash flow?

Welcome back to Seeing Greene, where David and Rob answer real estate questions from BiggerPockets listeners just like you! First, we’ll talk to Stacie about her buy vs. build dilemma, and which makes MUCH more sense in today’s market. Then, an investor struggling to save up down payments asks what he should do: save, invest elsewhere, or pay down his mortgages. Finally, David gives some swift advice on using a home equity “agreement” and how to make the MOST money on your house hack.

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:

How to turn one rental property into multiple streams of income

Building an ADU (accessory dwelling unit) and how much one can make

Whether to save, invest, or pay down your mortgage with your cash flow

Home equity “agreements” and whether they’re worth the risk in 2024

The ONE thing David looks for in ANY house hack that’ll turn it into a cash cow

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

BiggerPockets Podcast 840

BiggerPockets Podcatst 853

Is it Better to Build New or Renovate Existing Homes as an Investor?

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-864

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863: Commercial Real Estate: The “Buy Box” for Buying BIG Properties w/Kim Hopkins Dec 27, 2023

Show notes

For the past year, commercial real estate has been the disappointing big brother of rental properties. As housing prices went up, commercial real estate prices went down. When primary mortgage rates were high, commercial mortgage rates were even higher. With record-setting vacancy rates in areas like office and less reliance on retail, many investors thought that commercial real estate was a dying asset class. But they weren’t entirely correct.

Investors like Kim Hopkins had thriving commercial real estate success, EVEN during lockdowns and the pandemic. Kim’s secret sauce to her high cash-flow commercial real estate portfolio wasn’t in getting lucky—it was all in her “buy box.” Kim ONLY buys properties that can’t get shut down, in markets where they’ll thrive, with tons of customers nearby. And today, she’s sharing her exact formula with us!

But that’s not all. Kim is currently debating doing one more deal before the year is up. This property looked like a home run on paper, but as she’s dug deep into it, the property may not be worth the price. From plumbing issues to overinflated income numbers, Kim uses David and Rob as coaches to help her decide whether this deal is worth doing.

In This Episode We Cover:

Kim’s commercial real estate investing “buy box” she uses to purchase profitable properties

Cap rates explained and why you MUST get this right when buying big properties

The inflated “pro forma” numbers brokers will try to convince you of (don’t follow these!)

The types of commercial properties that are lockdown-resistant and always stay open

The significant risks for commercial real estate in 2024 and two businesses you should NEVER rent to

A live deal deep dive with a current deal Kim is debating on buying

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

How to Get Into Commercial Real Estate Investing (For Beginners)

Pro Forma In Real Estate: What Is It?

How To Calculate Cap Rate For Investment Properties

Connect with Kim:

Kim's BiggerPockets Profile

Kim's Email

Kim's Instagram

Kim's LinkedIn

Kim's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-863

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862: From Sleeping on a Dirt Floor to Making $80K/Month (in 2 Years!) | ENCORE EPISODE Dec 25, 2023

Show notes

Happy holidays, BiggerPockets listeners. You've all been good this year, so instead of a lump of coal, you're getting a special episode delivered on the most merry day of the year. We'll be sharing Yamundow Camara's unbelievable journey from dirt-poor poverty to INCREDIBLE passive income, even against all odds. If you're unsatisfied with your holiday gifts this season, listen to this episode—it may change your ENTIRE outlook on life and give you something to be extra grateful for today!

______

How do you go from absolute poverty to passive income in a short amount of time? What if you were raised on the other side of the world, where even a basic education had to be fought for, and every opportunity was a constant struggle? This is the real story of Yamundow Camara, who went from sleeping on a dirt floor in a small village of Gambia to making a million dollars per year thanks to real estate.

Yamundow grew up in an environment foreign to many of us. When her parents passed away in her youth, she was forced to live with relatives that treated her as a nuisance, not someone worth nurturing. She slept on the floor of her family’s home and was sometimes lucky enough to have a cardboard box as a mattress. She was set to be wed in her early teenage years, but thanks to her drive, determination, and pleading of her aunts, Yamundow was given a chance to go to high school and college and later immigrate to the US.

From there, Yamundow put success as her sole focus. She not only academically overachieved, but was able to do an INCREDIBLE amount of investing with almost no money, no credit score, and no experience in the industry. She now sits on over thirty rental units, with a monthly income that rivals most Americans’ yearly salaries. Yamundow has one of the most incredible stories we’ve ever shared on the podcast, and you’ll have to tune in to hear her unimaginable path to success.

In This Episode We Cover:

How Yamundow went from complete poverty to making $80,000 in cash flow a month

Putting education first and the true value of hard work and perseverance

Investing with NO credit score and VERY little money and how to find banks that will lend to you

Working two jobs and why increasing your income is ESSENTIAL to building wealth

Out-of-state real estate investing and what to do when your local market is too expensive

How to find (and keep) quality contractors, property managers, and other team members

Using the BiggerPockets Rental Property Calculators to make sure a deal is worth doing

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

Use the BiggerPockets Rental Property Calculator on Your Next Deal

3 Ways to Invest in Real Estate With Little to No Credit

From Extreme Poverty to DIY Wealth and 2 Full-Time Incomes

Book Mentioned in the Show:

BRRRR by David Greene

Long-Distance Real Estate Investing by David Greene

SCALE by David Greene

Connect with Yamundow:

Yamundow's BiggerPockets Profile

Yamundow's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-862

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

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861: The Key to Scoring Discounted Deals in One of America’s Hottest Markets Dec 22, 2023

Show notes

Remy was looking for rental properties in one of America’s hottest housing markets. He knew picking up one rental property, let alone a multifamily, wouldn’t be cheap. But, somehow, even as a newcomer to the area, Remy was able to buy a rental property at a deep discount. He got three rental units for the price of two in a market with loads of investors and immense competition. How did he do it? We’re about to share the secret.

In this episode of the BiggerPockets Real Estate podcast, we’re talking to out-of-state investor Remy, as well as Kim Meredith-Hampton, long-time real estate investor and Remy’s agent! Kim operates both in Tampa and Orlando, Florida, serving investor clients looking to buy in a state that has seen immense population growth. Seeking to take advantage of strong demographic trends, Remy picked Kim as his go-to Florida agent, and the rest is history.

Remy and Kim will talk through the three-for-the-price-of-two deal they picked up in the very competitive Florida market and how they were able to get the deal done EVEN when financing fell through, LLC problems came up, and a hurricane froze the Florida state government. You’ll also hear about the final numbers of the deal and why Remy ISN’T counting on big cash flow BUT will make his riches another way from the rentals.

In This Episode We Cover:

Why so many Americans are flocking to the Florida housing market (and how to take advantage)

Building your “buy box” and how to know what a great deal looks like

Low cash flow and why banking on passive income ISN’T always a wise move

Why you should ALWAYS look for rental properties that come BACK on the market

Financing troubles and how Remy dealt with numerous housing hiccups

Why waiting to invest will cost you and how to get started today!

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

Explosive Growth Could Be in Store for These Two Real Estate Markets w/Kim Meredith-Hampton

Florida Overtakes New York as Second-Biggest US Housing Market

Book Mentioned in the Show:

Pillars of Wealth by David Greene

Connect with Kim:

Kim's BiggerPockets Profile

Kim's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-861

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

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860: How I Made $50K in 6 Weeks in an “Extremely Competitive” Market Dec 20, 2023

Show notes

Do you want to make $50,000 in six weeks? Even in this housing market, it’s more than possible. You might think we’re bluffing; with high mortgage rates, little-to-no inventory, and buyer demand down from its peak, most real estate investors believe the market is a graveyard, but they’re wrong. In today’s show, we talk to Mike Cappello, who has been doing a few quick house flips and making an unbelievable return.

But that’s not all. We’ll also talk to the agent who found the deal, Rob Chevez, about what’s making the most money in the “extremely competitive” market of Washington, D.C. The duo will discuss why D.C. is such a solid market to buy, hold, or flip in, the “buy box” they designed to find the most profitable house flips, and how they’re financing deals EVEN with today’s sky-high interest rates.

We’ll also get into the nitty gritty of Mike’s latest deal, the one that could make him $50,000 in just six weeks, and the exact steps to follow if YOU want to do a deal like this in your market. The real estate deals are here; stick around to learn how to find ‘em!

In This Episode We Cover

How to make $50,000 in just six weeks by doing quick, cosmetic house flips

The effect of high mortgage rates on investors and why there is still PLENTY of demand for properties

Building your “buy box” so you can land a killer deal as soon as it comes across your desk

The pros and cons of investing in a super competitive housing market like Washington, D.C.

The biggest mistakes house flippers make in a real estate market like today’s

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-860

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

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859: BiggerNews: Fed Announces Rate Cuts, Jobs Grow, and Boomers Buy Up Housing Dec 18, 2023

Show notes

The Federal Reserve finally announced the end of rate hikes. It’s a day real estate investors have been eagerly awaiting. With lower mortgage rates on the horizon in 2024, buyers could gain more control of the housing market, and the seller standoff may finally break. What does this mean for the economy, and are we finally out of recession territory? On this BiggerNews episode, we’re breaking it all down!

Joining David and Rob are James Dainard and Kathy Fettke from the On the Market podcast. Today, all four housing market experts bring a breaking headline to dive into. From the Fed’s proposed plan for 2024 mortgage rates to the new jobs report that shows optimistic signs for the economy, there is a LOT happening before the new year rolls around. But that’s not all we’ll touch on.

A new bill targeting corporate landlords has been proposed, limiting the amount of hold hedge funds have on the housing market. But could this bill target ALL real estate investors, not just the Wall Street buyers? Finally, how the baby boomers bought the housing market and how their remarkable wealth has allowed them to make all-cash home purchases while the other generations sit on the sidelines.

In This Episode We Cover:

The Fed’s proposed 2024 rate cuts and effects on mortgage rates

Recession fears and whether or not we’ll be able to achieve a “soft landing”

The new jobs report and the impact of a “cooling” labor market on employees and employers

Corporate landlords and the dangerous side effects of a new bill that is targeting hedge fund buyers

The baby boomer housing market shopping spree and why they’re taking advantage as rates stay high

And So Much More!

Links from the Show