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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

How to Make a 120% Return by Buying “Negative” Cash Flow Real Estate

Connect with James:

James' BiggerPockets Profile

James' Instagram

Hear James on the “On the Market” Podcast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-858

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857: The House That Almost “Broke” Me: Losing $350K on ONE Property w/Mindy Jensen Dec 14, 2023

Show notes

Real estate investing can make you rich or ruin you financially…if you’re not taking the proper precautions. Today, you’ll see just how easy it is to lose money on a bad real estate deal and how even the top investors, those with decades of experience, still can end up in a rough situation through no fault of their own. And while both the investors featured in this two-part series have made millions in real estate, they’ve also had a couple of deals gone wrong that have cost them hundreds of thousands.

In this episode, we’re talking to Mindy Jensen, host of the BiggerPockets Money podcast, about, as she calls it, “the house that almost broke me.” This property alone lost Mindy over a quarter of a million dollars, as she had to deal with crooked contractors, a once-in-a-lifetime flood, theft, and more. If you want to ensure you NEVER repeat the same mistakes as Mindy, listen to this ENTIRE episode before buying your next house.

And next time, we’ll be on with James Dainard, expert flipper and co-host of On the Market, to talk about his house flip that makes Mindy’s look like a walk in the park!

In This Episode We Cover:

How Mindy lost over $300,000 on ONE real estate investment

The one “waiver” you MUST get signed before you hire a contractor

DIY vs. hiring it out on home renovations and why Mindy does almost all her own work

The “five-hundred-year flood” and the WRONG time to replace a roof

Why you must have emergency reserves before you invest in ANY property

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

How to Make a 120% Return by Buying “Negative” Cash Flow Real Estate

Connect with Mindy:

Mindy's BiggerPockets Profile

BiggerPockets Money Podcast

Mindy's Twitter Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-857

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

856: College Dropout to $110K/Year in Cash Flow by Buying “Sheriff Sale” Properties w/Hunter Lawler Dec 13, 2023

Show notes

How do you make six figures in passive income with no college degree, very little money, and zero experience in real estate? Do what Hunter Lawler did and take it step-by-step; within a few years, you, too, could be making over $100,000 in cash flow with just ten properties! But the only way you’ll get there is by thinking outside the box, buying properties most don’t even know about, and taking risks when talking to sellers.

Hunter learned very early on that a college degree doesn’t guarantee a big paycheck. He was making a full-time income from his crawfish-selling side hustle when he decided to drop out. After seeing entrepreneurial success, Hunter pivoted and started investing in the sexiest, highest-priced properties ever…mobile homes. These dirt-cheap rentals gave him the sweat equity he needed to build a bigger portfolio.

From mobile homes to single-family houses, self-storage facilities, and killer seller finance deals, this episode is a masterclass on how to grow a six-figure income stream without a college degree or hundreds of thousands in the bank!

In This Episode We Cover

How to build a six-figure income stream by buying cheap, low-risk rental properties

Buying discounted houses at “sheriff sales” and what to know BEFORE you bid

Mobile home investing and why it may be the easiest way to get into real estate

Commercial lines of credit, home equity, and how to turn your rentals into more mortgages

Self-storage investing and the hands-off system Hunter uses to create serious cash flow

Seller financing and the simple way to convince a seller to take a fair price for their property

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-856

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

855: Seeing Greene: Student Housing, Lease Options, and How to Buy with High DTI Dec 11, 2023

Show notes

Student housing investments can make you killer cash flow. If you invest in college towns, students will pay a premium to be close to campus and won’t mind living in a property with three, four, or five other roommates! This means you can squeeze six high-paying tenants into one single-family home. But more money means more problems, and your investment property could become a party house overnight. How do you keep the cash flow and avoid the headache? Let’s find out!

David is back on Seeing Greene to answer your real estate investing questions, and his partner in crime, Rob Abasolo, joins in to add more investing firepower to this episode. This time, the dynamic duo will touch on student housing investments and whether fitting six (yes, six!) students under one roof is worth the risk. Then, how to invest when your DTI (debt-to-income) is too high. One investor asks whether a lease option is the best way to sell a property, and finally, we’ll finish with the great debate: pay down your mortgage early or save the money instead.

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

Investing in student housing and whether the huge cash flow is worth the headaches

How to make sure your short-term rental or student housing DOESN’T become a party house

How to fund your real estate deals when your DTI (debt-to-income) is too high

Selling properties via lease options and what could go wrong during the deal

Paying off your mortgage early vs. keeping the cash and saving instead

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-855

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

854: The State of Real Estate Investing: What You Need to Know for 2024 Dec 08, 2023

Show notes

Despite unpredictable mortgage rates, there’s a huge opportunity for real estate investors in the coming year. Get insights and strategies from the BiggerPockets 2024 State of Real Estate Report.

In today’s show, BiggerPockets VP of Data and Analytics, Dave Meyer, and co-host of the On the Market podcast, James Dainard, will share their thoughts on where the housing market could go in 2024, what happened in 2023, and the biggest opportunities for investors over the next year. From low mortgage rates to tiny down payments, living for free, and buying brand new homes at a discount, they'll share strategies even beginners can use to build wealth in 2024.

Want access to the entire 2024 State of Real Estate Investing Report? Click here or head to BiggerPockets.com/Report24 to access all the strategies, data, and insight for free.

In This Episode We Cover:

Huge opportunities to build wealth in the 2024 housing market

The commercial real estate correction and properties seeing the biggest price cuts

Supply, demand, and why home prices didn’t fall in 2023

How to pick up a brand new property at a low mortgage rate TODAY

The new five percent down loan program ANYONE can use to live for free

Risks to watch out for in 2024 that could kill your cash flow instantly

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

Grab the Full 2024 Report for FREE Here

Hear Dave and James on the “On the Market” Podcast

Try the BiggerPockets Real Estate Investment Calculators BEFORE You Buy

Connect with Dave:

Dave's BiggerPockets Profile

Dave's Instagram

Connect with James:

James' BiggerPockets Profile

James' Instagram

Hear James on the “On the Market” Podcast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-854

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

853: How to Make a 120% Return by Buying “Negative” Cash Flow Real Estate Dec 06, 2023

Show notes

“Negative” cash flow can help you reach financial freedom up to FIVE TIMES faster, so why are most investors ignoring low-to-no cash flow deals? For decades, cash flow has been king in the real estate investing realm. Investors were told NEVER to buy a rental property that didn’t bring in hundreds a month or at least break even. But now, this golden rule of real estate investing is broken, and there’s a FAR faster way to build wealth that sacrifices cash flow for something much more powerful.

And this isn’t just some hypothesis or “what if” scenario. We have three investors today showcasing three real estate deals, ALL with negative cash flow and ALL with huge equity upside, 100% (or greater) returns, or profits that far outweigh what most investors even dream of achieving on their real estate deals. And if you do just a few of these deals the right way, you could reach financial freedom in a matter of years, not decades, like today’s guests.

Join David Greene, James Dainard, and Mindy Jensen as they do their best to deprogram the masses from “cash-flow-only” investing and show you why negative cash flow isn’t always bad—in fact, it could be a sign of an unbelievable deal.

In This Episode We Cover:

What is “negative” cash flow, and why TOP investors go for these deals

ROE (return on equity): the one metric the ultra-successful pay attention to

How James traded $800 a month for over $300,000 in equity (with ONE property)

The danger of floating rate debt and how it can easily KILL your deals

David’s $100 negative cash flow deal that INSTANTLY made him $90K

The negative cash flow rules that you MUST follow

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

Grab David’s Newest Book, “Pillars of Wealth”

Apply to Be on the Cash Flow Cage Match

Connect with Mindy:

Mindy's BiggerPockets Profile

X/Twitter

Hear Mindy on the “BiggerPockets Money” Podcast

Connect with James:

James' BiggerPockets Profile

James' Instagram

Hear James on the “On the Market” Podcast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-853

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

The Simple, Repeatable Path to Wealth with Real Estate in 2024 w/Scott Trench Dec 05, 2023

Show notes

Investing in real estate can build you massive wealth. And here’s the secret no one wants to tell you: it isn’t all that hard. But before you jump to conclusions and call real estate a get-rich-quick scheme, let’s lay down the law. Investing in real estate is a simple, repeatable process that MANY Americans have used to get rich, but it takes knowledge and time to succeed. Where do you go to learn how to buy your first or next rental property? Well, you’re already here!

In this bonus episode, Scott Trench, CEO of BiggerPockets AND decade-long investor, will share his five-step, repeatable process for finding and analyzing real estate deals. Scott has taken the SLOW route to wealth. He doesn’t have a hundred units, a big real estate fund, or a yacht. But he does have a thirteen-unit passive-income-producing rental portfolio that pays him money every single month.

Stick around to learn how YOU can get your first or next rental property in 2024. Want full access to the tools and resources from this episode, including calculators and rent estimators? Sign up for BiggerPockets Pro and use code “STABLEWEALTH24” for a special discount!

In This Episode We Cover:

The five-step process to find real estate deals in any market

How Scott built a thirteen-unit real estate portfolio in under ten years

The slow, steady, repeatable path to wealth with buy and hold rental properties

Scott’s 2024 housing market, mortgage rate, and price predictions

How to choose a rental property market depending on your goals

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

Rent Estimator

Rental Property Calculator

Connect with Other Investors on the BiggerPockets Forums

Grab the “Quick Start Guide” to Real Estate

Hear Scott on the “BiggerPockets Money” Podcast

Work with Rent to Retirement for Your First or Next Turnkey Rental Property

Books Mentioned in the Show:

Set for Life by Scott Trench

First-Time Home Buyer by Scott Trench

Connect with Scott:

Scott's BiggerPockets Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-q4-3

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

852: Seeing Greene: Subto “Speculation,” Airbnb Automation, & New Build Financing Dec 04, 2023

Show notes

Is “subject to” real estate investing a mistake? Why is cash flow SO hard to find? And what do you do when you overpay for a property? With so many ways to build wealth with real estate, you’ll also need to be aware of the pitfalls. If you don’t know what you’re doing, you could end up with a property you paid too much for, with no cash flow and empty pockets. Thankfully, this is BiggerPockets, so we’re going to give you all the tactics you need to make your next investment a home run.

Put on your green-tinted goggles because David does NOT have a green light for this Seeing Greene episode. Due to this unforgivable offense, we brought another expert investor, Rob Abasolo, on to help David answer some of YOUR real estate investing questions. First, we hear from an investor who makes some great cash flow from her short-term rental but wonders if it’s worth all the work.

Next, an investor finds out that his new build property is selling for a significant discount—can he get out of the deal? Similarly, an ADU (accessory dwelling unit) investor is looking to develop but doesn’t know the best way to finance his new construction. David also answers some questions from the comment section about why investors stopped chasing cash flow so much. And finally, a realtor is concerned about the amount of subto (subject to) “speculation” in today’s industry. Are his concerns legit? Stick around; we’ll get into it all in this episode!

In This Episode We Cover:

How to automate your short-term rental so you do less work

What to do when you realize you’ve overpaid for a property

How to fund a new development with equity, construction loans, or both

Why cash flow is NOT the only thing to focus on anymore

Subject to speculation and whether overpaying to lock in a low rate is EVER worth 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

How to Fund Real Estate Deals Right Now w/Zach Lemaster

Don’t Chase Cash Flow! Use THIS Metric to Analyze Your Deals

Subject To Real Estate: Why Investors Should Add This Tool to Their Arsenals

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-852

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

851: Turning $15K into $4K/Month by Investing in This Overlooked Asset Class w/Jason Velie Dec 01, 2023

Show notes

There’s one type of investment property most people would NEVER consider that could make you a millionaire. They’re not regular rental properties or huge apartment complexes—in fact, they’re so cheap that most investors could probably buy them outright in cash. What’s this “overlooked” investment property that could make you millions? Stick around, we’ll tell you.

Four years ago, Jason Velie worked at a W2 job without any investment property or passive income. Now, he’s a multimillionaire, making $10,000/month in pure cash flow, NEVER having to wake up to an alarm clock again. After a first deal gone wrong, where Jason spent two years working on a house just to break even, he was introduced to a new type of investment property—one nobody talks about.

With the massive profits from these cash cow deals, Jason was then able to use just $15,000 to buy a property that is now worth $1,000,000. And this was ALL during one of the hottest real estate markets ever. The best part? You can do EXACTLY what Jason did to become a millionaire, too, so stick around to hear his FULL strategy!

In This Episode We Cover:

The “overlooked” asset class that could make you six figures with ONE deal

Why you should NEVER pay a contractor without seeing the completed work

Calculating your “worst-case scenario” before you buy ANY property

Investing in mobile and manufactured homes and cheap real estate with huge upside

The one real estate investing tool Jason used to explode his portfolio

How Jason turned $15,000 into $4,000 per month in pure cash flow!

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

Hear Our Interview with Affordable Housing Expert Kristina Smallhorn

Should You Add Manufactured Homes To Your Portfolio?

4 Key Lessons Learned From Investing in Mobile Homes

Connect with Jason:

Jason's BiggerPockets Profile

Jason's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-851

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

850: Multifamily Experts: Look Out For These 7 “Red Flags” BEFORE You Invest Nov 29, 2023

Show notes

“Want to invest in multifamily real estate, do zero work, and make a million dollars, all in a few months? Well, we have the opportunity for you! We’re about to make you a gazillionaire for the low, low price of your entire life savings. Don’t worry about doing any due diligence; just sign these papers without looking through them. You’re about to strike it rich!”

Most people can call out an obvious scam or bad real estate deal, but what about the less-than-obvious signs? Today, we’ve got two multifamily real estate experts, Andrew Cushman and Matt Faircloth, on the show to go through the multifamily and syndication red flags that could cost you EVERYTHING. Andrew even went through the painful process of losing 90% of an investment years ago just to walk through his lessons on the show.

Whether you’re partnering on a deal or passively investing in syndications, if any of these red flags show up, you should run—immediately. From vetting a sponsor to investigating track records, which metrics to trust (and which NOT to), and the questions you MUST ask, this episode alone could stop you from losing tens or hundreds of thousands of dollars.

In This Episode We Cover:

The seven deadly signs that a multifamily syndication deal is a scam (or at least a dud)

Vetting a sponsor/syndicator and why you MUST avoid “FOMO investing”

Partnerships, inexperienced sponsors, and who you can REALLY trust

The new financial “metric” unsophisticated syndicators hope you DON’T look into

The “capital stack” explained, and how to do your due diligence on a syndication’s debt (before you invest)

And So Much More!

Links from the Show