BiggerPockets Real Estate Podcast

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BiggerPockets Podcast 636 with Amy Mahjoory (Part 1)

BiggerPockets Podcast 352 with Diego Corzo

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Books Mentioned in this Show

Pillars of Wealth by David Greene

Connect with Anthony:

Anthony's BiggerPockets Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-849

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848: From Bussing Tables as a New Immigrant to Making $5K/Month from Rentals w/Keleisha Carter Nov 24, 2023

Show notes

Keleisha Carter built a $5K/month passive income stream as a new immigrant with NO green card, money, or ability to get a mortgage. After realizing that her corporate job in Jamaica wouldn’t lead her to where she wanted to be, Keleisha made the adventurous decision to pack up everything she had and move to the US. Overnight, she went from a high-respected marketing role to bussing tables in an entirely different country, but she had bigger plans.

Keleisha’s goal was to support her family financially in any way she could and eventually bring them to the States. After numerous promotions, Keleisha built up a small sum of savings that she would use to buy her first rental property. Or, that was the plan until she realized that without being a US citizen, purchasing a home and getting a mortgage would be much more complicated than she thought.

In today’s show, Keleisha shares her smart strategy to get around the banks and buy properties, EVEN as a new immigrant. Plus, she’ll show how she’s buying rentals today WITHOUT using her own money and why she’ll NEVER try to flip houses again.

In This Episode We Cover:

How to get around mortgage qualifications and buy your first property WITHOUT the banks

Quitting corporate and when it’s time to take a risk and leave a soul-sucking job behind

An immigrant’s guide to real estate investing without a Green Card or citizenship

Why EVERY BRRRR (buy, rehab, rent, refinance, repeat) property MUST work as a house flip

How to find the perfect out-of-state investing market even if you have ZERO investing experience

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

Be a Guest on the BiggerPockets Podcast

Henry's BiggerPockets Profile

Henry's Instagram

BiggerPockets Podcast 636 with Amy Mahjoory (Part 1)

BiggerPockets Podcast 352 with Diego Corzo

Connect with Keleisha:

Keleisha's BiggerPockets Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-848

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

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847: How to Fund Real Estate Deals Right Now w/Zach Lemaster Nov 22, 2023

Show notes

Yes, there are STILL rental property mortgages with low interest rates AND low money down, even in 2023. These investment property loans are unknown to most real estate investors simply because they don’t know where to look or who to ask about them. Which loans are we talking about? Stick around because today, we’re uncovering all the ways that YOU can finance and fund your real estate deals in 2023 and 2024, even when getting a loan is harder than ever before.

If you’ve been struggling to put properties under contract because your financing keeps falling through, this is the episode for you. After running into numerous closing table conundrums and non-stop financing fatigue, many real estate investors are giving up on buying new properties due to banks’ lack of liquidity and eye-watering loan requirements. But that isn’t stopping David, Rob, or today’s guest, Zach Lemaster, from closing deals.

In this episode, we’ll go through the loan options that WORK in 2023 and 2024, the creative financing you can use to fund your next deal, and the often unknown loans that STILL offer only three percent mortgage rates or just five percent down on rental properties (seriously). If you haven’t tried these loans yet, you could be missing out on some of the best deals of the decade.

In This Episode We Cover:

The underrated, often overlooked rental property loans with low interest rates and low down payments

Why getting a thirty-year fixed-rate loan may NOT make sense in 2023 and 2024

Whether to secure the debt or the deal first on your next real estate investment

Loan “covenants” you MUST look out for before getting any new mortgage

Mortgage rate predictions and where interest rates could be over the next five years

How to build a relationship with banks/lenders so you ALWAYS get funding

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

David's BiggerPockets Profile

Grab the Amanda and Matt’s Books on Tax Strategies

Upgrade to BiggerPockets Pro (It’s a Write-Off!)

The Tax-Free Strategy Only Real Estate Investors Can Access

BiggerPockets Podcast 626 with Zach Lemaster

What You Should Know About Financing Investment Properties

Book Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Connect with Zach:

Zach's BiggerPockets Profile

Zach's Instagram

RentToRetirement

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-847

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Pillars of Wealth by David Greene (Chapter 1) Nov 21, 2023

Show notes

Hear a sneak peek of David Greene's newest book, Pillars of Wealth: How to Make, Save, and Invest Your Money to Achieve Financial Freedom.

Enjoyed the first chapter? Click here to pick up your copy of the book today!

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846: What You Need to Do NOW to Pay Fewer Taxes in 2024 Nov 20, 2023

Show notes

If you want to pay fewer taxes or outright avoid taxes in 2024, you’re in the right place. We’re about to give you all the last-chance tax tips and loopholes you can use NOW to pay WAY less in taxes in 2024. All of these are perfectly legal, but many will require some form of real estate investing. Don’t own any rental property yet? Not a problem! You can STILL start planning to pay lower taxes BEFORE you buy!

We brought back our two favorite tax experts, Amanda Han and Matt MacFarland, on to the show to share all the last-minute tax tips YOU can use to pay Uncle Sam less and keep more in your pocket. Plus, Amanda and Matt share a tax “loophole” that anyone who makes under $100K per year OR owns a short-term rental property can use to save thousands, if not tens of thousands, in taxes.

We’ll also get into common ways anyone can reduce their taxes through retirement account contributions, charitable donations, and more. Plus, the common misconception costing you thousands of dollars in write-offs that you never knew you could take!

In This Episode We Cover

The one rental property “loophole” that allows you to take a MASSIVE deduction

A huge real estate write-off any investor who makes under $100K is able to take

Retirement investing and how boosting your nest egg can dramatically lower your taxes

Common real estate write-offs that you’ve probably missed

How to use your home equity for tax-free income AND a big tax write-off

What to do RIGHT NOW to avoid paying taxes in 2024 (and beyond!)

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-846

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

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845: The Slow, Steady Way to Make $50K Per MONTH with Rental Properties w/KC Massie Nov 16, 2023

Show notes

How many rental properties would it take for you to become financially free? Five, ten, twenty, one hundred? And once you know how many you need, how long will it take you to get there? KC Massie reached financial independence in his thirties after eleven years of slowly, quietly, and strategically building a repeatable rental property portfolio that rakes in over $100,000 per MONTH in rent. Yes, you read that right—six figures a month!

KC didn’t do anything spectacular to achieve this feat. He didn’t raise any money from friends or family, buy a thousand units in a year, or use risky debt. Instead, KC did things the old-fashioned way—slowly building a portfolio of rental properties, consistently buying every year, and making the most money he could at his job to fuel his purchases. Fast forward eleven years, he has complete financial freedom and has enough money to do whatever he wants, whenever he wants.

In today’s show, you’ll hear about KC’s repeatable path to real estate wealth, the surprisingly ordinary methods he used to build a BIG portfolio of rental properties, and why he encourages EVERY real estate investor to start “building quietly.”

In This Episode We Cover

How KC built a $50K/month rental property income stream in just eleven years

The “limiting beliefs” you’re telling yourself that stop you from achieving financial freedom

Working with your spouse and why you WANT them included in your rental business

Why getting better at your job is the fastest road to early retirement

How KC doubled his portfolio overnight with one very smart move

Why you MUST start “building quietly” if you ever want to become wealthy

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-845

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

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844: The 3 "Lies" You Can't Afford to Tell Yourself in This Housing Market w/Jim Kwik Nov 14, 2023

Show notes

Jim Kwik is Nike, Google, and SpaceX’s go-to brain expert. If you want to learn anything faster and with less effort, he’s the guy you talk to. Jim is friends with some of the wealthiest, most influential people on the planet, and he knows exactly what it takes to become successful and what YOU need to do TODAY to get to where you want to be.

After numerous bad falls, sleeping disorders, and head injuries, Jim was consistently referred to as “the boy with the broken brain.” He couldn't read, he couldn’t remember, and he was falling behind in every aspect of life. But one day, Jim learned how to break the memory code, learn faster than even the most diligent students, and outpace his classmates, who had significant advantages. Now, he teaches everyone else how to do the same.

If you want to read faster, remember anything, scale your business, and become successful, Jim has the tips you NEED. He also shares the “lies” you’re telling yourself that stop you from achieving your dreams and the TINY step you can take RIGHT NOW to accomplish your wildest aspirations.

In This Episode We Cover:

The “lies of learning” that are stopping you from building wealth

Why “knowledge is power” is overrated and when to STOP learning

How to remember ANYONE’S name (even if you just met them)

The three “M's” that lead to a “limitless” brain and unlimited achievement

Why you’re feeling burned out and how to put the fire back into your life

One tiny, simple step you can take today that’ll put you on track for success

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

Davids's BiggerPockets Profile

Subscribe to David’s YouTube Channel

BiggerPockets Podcast 803 with Andy Gil

BiggerPockets Podcast 443 with Jim Kwik

Train Your Brain to Retain: A Quick & Simple Trick to Improve Your Memory

Discover Your “Brain Animal”

Books Mentioned in the Show:

Pillars of Wealth by David Greene

Limitless Expanded by Jim Kwik

Connect with Jim:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-844

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

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843: Seeing Greene: I Don’t Make Enough to Invest, What Do I Do? Nov 12, 2023

Show notes

You want to invest in real estate, but you lack the cash or the income. With home prices and mortgage rates so high, even a decent-paying job won’t land you a rental property or even a primary residence. So, what do you do? Should you call it quits and let others build wealth while you struggle to make ends meet? Not quite. There’s one thing you should start doing today that’ll make your real estate investing much easier.

Welcome one and all to another Seeing Greene, where David answers your investing questions in today’s tough housing market. First, Rob joins us to advise an investor struggling to buy her business’s building from her father. He wants to sell after having a rough time with this commercial property, but Shelly, our investor, wants to convince him to keep the building OR give her a chance of ownership. What should she do?

Next, David answers the trifecta of 2023 investing questions: what should you do when your pre-approval is too low? How do you pull out home equity when you’re broke? And what to do when you don’t have enough income to qualify for a mortgage? A straightforward solution solves ALL THREE of these investors’ questions, and it’ll help you, too, if you’re struggling in this market!

In This Episode We Cover:

What to do if you WANT to invest in real estate but don’t have enough money

Why DTI (debt-to-income) is SO important to investing and how to lower yours NOW

Real estate vs. stocks and why property almost ALWAYS beats simple stock investments

When to invest in a “mediocre” deal that has no-to-low cash flow

How to fire your property manager EVEN if you’ve signed a long-term contract

The secret to scaling your real estate portfolio that the gurus won’t tell you

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

Davids's BiggerPockets Profile

Subscribe to David’s YouTube Channel

BiggerPockets Podcast 823 on Cost Segregation

Seeing Greene 828

BiggerPockets Podcast 844 with Jim Kwik (Coming Soon!)

Books Mentioned in the Show:

Pillars of Wealth by David Greene

The Richest Man in Babylon by George Clason

Connect with Shelly:

The Mousing Harke Instagram

Fairmount Bicycles Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-843

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

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842: Why Barbara Corcoran’s Son, Tom Higgins, Went Against Her Investing Advice Nov 09, 2023

Show notes

You’ve seen Barbara Corcoran on Shark Tank, heard of her unbelievable real estate deals that make millions of dollars, and might own a product or two that she’s invested in. She’s spent her entire career betting on New York real estate, and her risk has come with tens of millions of dollars in rewards. And while Barbara is known for her “go with your gut” type of investing, her son, Tom Higgins, went a completely different direction—and it paid off.

Tom has flown under the radar for most of his real estate career, never relying on his Corcoran lineage thanks to his different last name. He worked at a real estate brokerage in college, attended real estate finance classes at night, and eventually found himself in the industry as a real estate development professional, helping develop and renovate over 2,000 multifamily rental units!

Tom is a hard-numbers guy. He knows the cash-on-cash return, loan-to-value, and acquisition cost of every deal he’s done. Barbara, on the other hand, self-admittedly, can barely remember which metrics are which. Today, Barbara and Tom debate whether you should go with your head or heart when investing in real estate and why using a little bit of both could make you richer than all the other investors.

In This Episode We Cover:

Barbara and Tom’s sneaky way of finding up-and-coming real estate investing areas

Why Barbara says to never touch a DIME of your cash flow until…

How Tom made Barbara even more money by making her go against her investing nature

One super simple way to immediately find out if a contractor will be worth the money

Risky leverage and the one type of loan Tom says to STAY AWAY from

Why Barbara looks for “old ladies” every time she’s in a new market

How Tom uses BiggerPockets to meet investors, contractors, and partners (and why you should too!)

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

Davids's BiggerPockets Profile

Subscribe to David’s YouTube Channel

Meet Your Next Partner, Contractor, or Investing Buddy on the BiggerPockets Forums

Barbara Corcoran’s Wild Real Estate Tactics You’ll Want to Repeat

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

Books Mentioned in the Show:

Pillars of Wealth by David Greene

Connect with Barbara:

Connect with Tom:

Tom's BiggerPockets Profile

Tom's X/Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-842

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

841: BiggerNews: Soft Landing or Hard Recession? How to Build Wealth in Both Nov 07, 2023

Show notes

Will 2024 bring about a soft landing or a hard recession? Tough economic times could be upon us as more and more economists disagree with the “soft landing” narrative of early and mid-2023. Even though the economy hasn’t broken down yet, top-tier investors like Fundrise’s Ben Miller believe that a recessionary “lag” is taking place that could give us some severe financial whiplash—and only the best of the best will survive what is to come.

So, what does it take to survive a recession, and how do you know whether or not you’ve put yourself at risk of losing everything? Ben, David, and Rob all give their takes on what could happen in 2024, how they’re protecting their wealth, and why they’re taking fewer risks to ensure they make it out alive. This may be a HUGE wake-up call if you’re still actively buying real estate deals and leveraging your portfolio as much as possible.

Ben will also talk about his lessons from the last two crashes, how the companies he worked with got crushed, and how he changed his investing perspective to build wealth far faster than almost anyone around him. Wealth is built during the downtimes, but if you don’t follow the advice of those who have been through past crashes, you could lose everything you’ve built!

In This Episode We Cover:

When the 2024 recession could hit and why it may be worse than most Americans believe

The recession “lag” that is catching up to us and why it might hit you by surprise

A soft landing vs. hard recession and how bad the economy could get

Impacts on real estate and whether or not you should be buying or holding right now

Playing financial “defense” and how to ensure you don’t get wiped out during downtimes

High mortgage rates and how they could lead to unemployment, a housing market standstill, and a tough economy

And So Much More!

Links from the Show