BiggerPockets Real Estate Podcast

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Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-155

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840: Seeing Greene: Rehab Costs, Renting vs. Owning, and The END of Real Estate? Nov 05, 2023

Show notes

Could the end of real estate investing already be upon us? How do you know how much to spend on a renovation before buying a house? And is a negative cash flow rental EVER worth investing in? On this Seeing Greene, we’re answering the tough questions you’ll be forced to ask in a hard housing market so you can build wealth while the masses run for the hills. Thankfully, David has his co-pilot on this episode!

David and Rob are back to answer YOUR real estate questions, EVEN if you’re too scared to hear the answers. On today’s show, a live caller asks, “How do I get a renovation estimate BEFORE bidding on a BRRRR?” If you’ve stressed over which comes first, the bid or the buy, stick around. We’ll also touch on negative cash flow and when it makes sense to buy a rental that’s losing money every month (there’s a science to this). Then, for all you doomsayers, David and Rob give their take on what happens when the population declines, and no one is left to rent houses. Finally, we answer the age-old question, “should I rent or buy in today’s market?”

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 estimate rehab costs BEFORE you bid on a BRRRR

When it’s worth it to buy a “cash flow negative” rental property

The secret to getting out of ANY contract if you need to exit a deal

The long-term effects of declining populations and whether real estate investing could meet its end

Renting vs. buying and when it makes sense to invest while you're still a renter

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

Hop On the BiggerPockets Forums to Connect with Other Investors

Books Mentioned in the Show:

Pillars of Wealth by David Greene

Buy, Rehab, Rent, Refinance, Repeat by David Greene

Long-Distance Real Estate Investing by David Greene

Connect with Sean:

Sean's BiggerPockets Profile

Sean's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-840

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839: From $10/Hour Janitor to Making $40K/Year in PASSIVE Income w/Darius Kellar Nov 02, 2023

Show notes

Darius Kellar went from making ten dollars an hour as a janitor to a real estate investor with over $1,000,000 in rental properties in less than a decade. By taking advantage of property auctions and investing in areas that most real estate investors wouldn’t even consider, Darius has built a real estate portfolio that will soon bring in six figures in rent every year, most of which he’ll get to keep. How he did it was a lot simpler than you’d expect.

Before real estate, Darius had $100,000 in student debt, was making a close-to-unlivable wage, and knew he needed a way out. He bought his first home six years after the Great Financial Crisis in an economically devastated city. Darius couldn’t get a mortgage and needed to save up to get out of the two-bedroom house he was sharing with six other people. Once he closed on his first house, he knew he had to repeat the system. But this wasn’t easy.

Darius has seen everything from sewer problems to stripped copper piping and wiring, no electric hookups, and renovation headaches, but he never stopped. Now, he makes as much passive income per year as many people’s full-time jobs and can show you how to do the same so you can make more money than you ever dreamed possible.

In This Episode We Cover:

How to buy properties at auctions for THOUSANDS of dollars each (seriously)

The one thing you MUST do before you buy any property (getting this wrong could cost you thousands)

DIY rehabs and how to outsource your home renovations so you can focus on investing

How to use BRRRR (buy, rehab, rent, refinance, repeat) to build your real estate portfolio faster

Why Darius’ overlooked area could be a cash flow goldmine for investors

Turning your real estate skills into a business to make even more money

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

10 Deals on a $20K Waitress Salary With Ashley Hamilton

Book Mentioned in the Show:

Pillars of Wealth by David Greene

Connect with Darius:

Darius' BiggerPockets Profile

Darius' Facebook

Darius' Instagram

Darius' Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-839

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

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838: How to Not (Accidentally) Lose Your Portfolio to Lawsuits w/Brian T. Bradley, Esq. Oct 31, 2023

Show notes

Without asset protection, your wealth is as good as gone. One slip and fall from a tenant, one angry ex-spouse, one jealous onlooker, and you could have your real estate relinquished and your bank accounts drained. And as the economy continues to get even more rocky, lawsuits that threaten your hard-earned nest egg are becoming more and more common. So, how do you build a legal fortress around your fortune?

Brian T. Bradley, Esq., our go-to asset protection expert, is back on the show with news that could affect all real estate investors. A recent case surrounding LLCs (limited liability companies) has completely changed the landscape for investors, businesses, and anyone who operates within an LLC. Now, the LLC you so carefully set up could mean nothing if you eventually get sued. But there is something you can do about it.

In this episode, Brian goes over the changes in this new LLC law, how you can start protecting your assets (even if you only have a couple of properties), how to NOT commit “accidental fraud,” and the rise of “Robin Hood” lawsuits you MUST protect yourself against.

In This Episode We Cover:

The asset protection “layers” anyone can use to protect themselves from lawsuits

A new court case on LLCs that could change the way business is done

“Piercing the veil” and mistakes you’re probably making that could cost you everything

The “accidental fraud” actions MANY investors make when protecting their assets

Why you NEVER want to put your rental properties into an S-Corp

The rise in “Robin Hood” lawsuits that target wealthy, successful investors

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 “Layer” Legal Protection So Lawsuits Won’t Touch Your Wealth

Don’t Lose Your Portfolio to Lawsuits! Here’s How to Protect Yourself

Asset Protection for Rookies: 7 Wealth-Saving Answers from an Expert

10 Landlord-Tenant Laws Every Landlord Should Know

Books Mentioned in the Show:

Pillars of Wealth by David Greene

Connect with Brian:

Brian's BiggerPockets Profile

Brian's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-838

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

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837: Seeing Greene (w/Meet Kevin!): Cash Flow Won’t Ever Make You Rich Oct 29, 2023

Show notes

Kevin Paffrath, AKA “Meet Kevin,” one of YouTube’s most famous financial influencers and real estate investors, joins us for this week’s Seeing Greene to answer YOUR real estate investing questions. But this time, you’ll hear a bit more about who should be investing, who shouldn’t, and why partnering up on a property is a huge “no-no” in Kevin’s book. Plus, if you’re starved for cash flow in this impossible investing environment, Kevin has some good news for you.

But that’s not all we get into. David and Kevin talk about why cash flow isn’t as important as you think, why dating the mortgage rate could be risky, the social media investing scam you could be falling into, and why investing with no money down is a fool’s game. One investor even submits a potential deal that makes Kevin want to vomit (his words), so if this sounds like something you’re about to buy, run away!

In This Episode We Cover:

Why you should stop caring so much about cash flow and focus on THIS instead

What to do with “trapped capital” in your properties and how to make more money to invest

BRRRRing vs. flipping in 2023 (and which one Kevin HATES)

The investing “advantage” you might not even know you have

Partnership problems and the one real estate investment Kevin won’t touch

Using private money to fund your down payment (and Kevin’s STRONG opinion on this)

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

Ask David Your Real Estate Investing Question

BiggerPockets Podcast 357 (Kevin’s Episode!)

BiggerPockets Podcast 822

BiggerPockets Podcast 833 Luke Carl

Books Mentioned in the Show:

Pillars of Wealth by David Greene

Connect with Kevin:

HouseHack

Kevin's Instagram

Kevin's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-837

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

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836: Financial Freedom in 5 Years and Making $300K on ONE Property w/Dr. Lindsey Duguet Oct 26, 2023

Show notes

If Lindsey Duguet can reach financial freedom, you can too. She was hundreds of thousands in debt from student loans, trying to raise a family with almost zero free time, working eighty-hour weeks, and failing to find financial footing. Now, just five years later, she’s financially free, owns over five hundred rentals, and works not because she has to but because she wants to. She’s scaled faster than almost anyone else we’ve interviewed, so tune in to hear her secrets!

Let’s address the elephant in the room. Lindsey Duguet is actually Dr. Lindsey Duguet, a physician who was the first in her family to attend college. After being told “you can’t do that” more times than she could count, Lindsey made it her mission to prove everyone wrong on her road to success. She got into medical school, nailed residency, became a doctor, and then built a massive passive income rental portfolio on the side to free up family time.

In this episode, Lindsey talks about what made her realize she couldn’t rely on a W2, why buying squatter-filled rentals for just $5,000 isn’t the best move to make, a MASSIVE BRRRR win that made her $300K (tax-free), and how to get “unstuck” when you feel like your real estate investing has hit a wall.

In This Episode We Cover:

How to build a massive real estate portfolio in five years (or less)

Direct mail and other ways that Lindsey found killer off-market deals

Why you should NEVER buy a house sight unseen (unless you do this)

Real estate partnerships and how to use them to build an even bigger portfolio

Creating passive income and why you CAN'T rely on your W2 forever

Working full-time while running a real estate portfolio and how to start outsourcing tasks

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 Build a Real Estate Portfolio & Quickly Scale Your Investments

Books Mentioned in the Show:

Buy, Rehab, Rent, Refinance, Repeat by David Greene

Long-Distance Real Estate Investing by David Greene

Pillars of Wealth by David Greene

Rich Dad Poor Dad by Robert Kiyosaki

Connect with Lindsey:

Dr. Lindsey's Facebook

Dr. Lindsey's Instagram

Dr. Lindsey's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-836

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

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835: BiggerNews: How Hosts Are Making More Money Even As Airbnb Demand Drops w/Jamie Lane Oct 24, 2023

Show notes

Earlier this year, many Airbnb hosts expected the short-term rental market to fall off a cliff. With the threat of an economic recession, travel spending was supposed to crater, and with it, a slew of Airbnb failures. But that never happened. While demand did drop, supply increased, and daily rate growth eventually fell flat, there was no “Airbnbust” that so many doomsayers predicted. But, with another recession risk looking more real, are hosts still safe?

We brought AirDNA’s Jamie Lane back to give his take on whether or not a short-term rental crash could happen this year or next. But that’s not all; Jamie also goes over what top hosts are doing NOW to increase their revenue and keep their businesses afloat even as rates come off their post-pandemic highs. Plus, what’s happening globally as a strong US dollar scares away would-be international travelers.

If you run an Airbnb, this is data you must pay attention to. We’ll review which short-term rental markets are in danger, the amenities that will explode your occupancy, what to do when regulations get introduced in your city, and how to prepare if a recession cuts into Americans’ travel spending.

In This Episode We Cover:

The “Airbnbust” that never happened and why the short-term rental market held up

Supply, demand, and why average daily rates are starting to fall across the industry

Airbnb bans and short-term rental regulations that could immediately impact your business

Global Airbnbs and why international travelers are steering clear of vacationing in the US

Fires, floods, hurricanes, and other natural disasters threatening lives and Airbnb businesses

Jamie’s advice on getting your first Airbnb and how to find a market that will last

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

Tony's BiggerPockets Profile

Tony's Instagram

Hear Our Last Episode with Jamie

Use the BiggerPockets Airbnb Calculator

Try AirDNA Today

Attend Host Con with Rob

Connect with Jamie:

Jamie’s LinkedIn

Jamie’s Twitter

Jamie’s Podcast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-835

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

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834: Seeing Greene: Inherited Houses, HELOC Risks, and Our Favorite 2-Star Review Oct 22, 2023

Show notes

About to take out a HELOC to buy an investment property? This could be a move you regret for years, ESPECIALLY if you’re doing this in 2023. As home prices have risen and real estate investors search for more money to invest, the HELOC (home equity line of credit) has become an obvious choice for many. But drawing from these lines of credit could come with a lot more risk than you might think and may tank your cash flow.

David Greene is back on another Seeing Greene, live from Florida! But that’s not all; Rob (Robuilt) Abasolo is coming on to tag-team your real estate investing questions. They'll first talk to Tim, who wants to invest in real estate in high-priced Southern California. He has a townhome with some sizable equity but doesn’t know how to fund his first investment or make the most cash flow. David and Rob also hit on what to do with inherited or paid-off properties and how to scale when you lack the capital. Plus, we read a two-star review and combat it with a YouTube comment compliment from David’s secret admirer.

In This Episode We Cover:

How to turn your home into a rental property and investing in expensive areas

When you should (and definitely shouldn’t) use a HELOC to fund your rental property purchase

The super passive short-term rental “reverse” arbitrage model most landlords don’t know about

Scaling your real estate portfolio even when you’re out of capital

Inherited properties and how to make hands-off cash flow

The smartest ways to fund rental property repairs and renovations

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

Ask David Your Real Estate Investing Question

Seeing Greene: Early Retirement, Private Lending, & The $10,000 “Guru” Trap (Ep 825)

How to Use a HELOC to Buy Real Estate

Book Mentioned in the Show:

Pillars of Wealth by David Greene

Connect with Tim:

Tim's BiggerPockets Profile

Tim's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-834

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

833: From Surviving on $30/Day to 30+ Properties Thanks to Blue-Collar Skills w/Luke Carl Oct 19, 2023

Show notes

Luke Carl’s real estate “gateway drug” took him from one home to three hundred rental units in record time—and it can do the same for you. What started as a niche type of investing quickly took over the world, and Luke was able to use these mega high-cash flow properties to buy more rentals, build more wealth, and have enough real estate to do whatever he wanted, whenever he wanted. If you want that same type of financial freedom, you’ll want to copy Luke’s blueprint.

Luke and his wife, Avery, bought their first short-term rental before the term “Airbnb” even existed. They got in the game so early that they currently have the longest-running Airbnb in the Smoky Mountains. One vacation rental turned into another and another until they eventually reached a breaking point, forcing them to pivot and turn their short-term profits into long-term rentals, a move that Luke would wholeheartedly do again.

Now, with a massive rental property portfolio, Luke credits his passive income portfolio to short-term rentals. The high cash flow has allowed him to buy more passive properties that can be outsourced and don’t require constant attention. But can YOU still repeat Luke’s short-term rental strategy with the so-called “#Airbnbust” upon us? Surprisingly, yes. He'll show you how.

In This Episode We Cover:

How to use high-cash flow vacation rentals to build your real estate portfolio WAY faster

Why Luke DIDN’T quit his job to invest in real estate EVEN when he had enough income

Transitioning from short-term rentals to long-term rentals and when to STOP buying Airbnbs

Luke’s financial “buckets” every short-term rental operator must set up

Property management vs. self-management and why you DON’T need to outsource most vacation rentals

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

Learn Directly From Luke with The BiggerPockets Short-Term Rental Bootcamp

Hear Our Episode with Luke’s Wife, Avery Carl

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Short-Term Rental, Long-Term Wealth by Avery Carl

Profit First by Mike Michalowicz

Connect with Luke:

Luke's BiggerPockets Profile

Luke's Podcast

The Short-Term Shop

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-833

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

Are You Overpaying? How to Evaluate and Offer on Rental Properties Oct 17, 2023

Show notes

Once you know how to analyze a rental property, you can reach financial freedom FAR faster than most Americans. You’ll be able to know how much a property is worth, how much passive income you’ll make, which properties are worth investing in, and how many rentals you’ll need to retire and reclaim your time freedom. Today, David Greene will give you a masterclass on analyzing rental properties plus seven “sneaky tips” to get ANY offer accepted (even in 2023!).

In this short webinar, you’ll learn how to find the best rental properties in any area and analyze a rental for cash flow, cash on cash return, equity upside, and more. The best part? You don’t need ANY investing experience to do these calculations. With the BiggerPockets Rental Property Calculator, you can tell if a property is worth the price in MINUTES! David will walk through it all in this episode!

Ready to start? Sign up for BiggerPockets Pro and use code “OFFER20” for 20% off an annual membership and UNLIMITED calculator usage!

In This Episode We Cover:

How to buy your first (or next) rental property EVEN in today’s tough market

How to analyze a rental property from start to finish in MINUTES

The “LAPS” system you can use to constantly find great real estate deals

Cash flow, cash on cash return, equity, and other metrics you MUST know about

How to make an irresistible offer and David’s seven “sneaky tips” for getting your first property under contract

The one tool top real estate investors use to build massive passive income

And So Much More!

Links from the Show