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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Grab David’s Book on Long-Distance Investing, BRRRR, and More

Analyze Rentals in Minutes with the BiggerPockets Rental Property Calculator

Hear How to Get YOUR Offer Accepted in This Housing Market

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Dave's BiggerPockets Profile

Connect with Dahlia:

Dahlia's BiggerPockets Profile

ASN Website

ASN Facebook

Connect with Keith:

Keith's BiggerPockets Profile

Keith's Instagram

Keith's Facebook

Connect with Peter:

Peter's BiggerPockets Profile

Peter's Facebook

Peter's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-832

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831: Seeing Greene: Depreciation 101 and When to Sell a Reliable Rental Oct 15, 2023

Show notes

“Should I sell my rental property in 2023?” If you own investment property, you’ve probably asked yourself this numerous times over the past ten months. Prices are high, inventory is low, and your appreciated property’s profits could be turned into even more rental units, making you wealthier over time. So, how do you know if selling and swapping is the best move to make? Or, if you do sell, could you be missing out on even more wild appreciation potential? Let’s find out!

Welcome back to Seeing Greene, where your investor, agent, lender, big guy at the gym who helps you with your form, and mentor, David Greene, is here to answer your real estate investing questions. This time, we hear from a Canadian investor debating selling her pricey Toronto triplex for cash-flowing American real estate. Then, David shows you exactly where to find rental property leases, when pulling out equity may not be a good idea, what to do when you CAN’T get home insurance, and how to calculate depreciation on your next rental.

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 hop on a live Q&A and get your question answered on the spot!

In This Episode We Cover:

When to trade your reliable rental for more doors and bigger cash flow

Lease agreements and whether making your own or using a property manager is a better bargain

HELOCs, 401(k) loans, and the right way to pay off debt FAST

The home insurance crisis and what to do when you can’t get coverage for your rental

Calculating depreciation on a potential property and when tax savings AREN’T worth doing another deal

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

Get Lawyer-Reviewed Lease Forms for Your Rental

BiggerPockets Podcast 728 on Medium-Term Rentals

BiggerPockets Podcast 819 on Insurance Crisis

BiggerPockets Podcast 820 on Late Starter’s Guide

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-831

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

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830: From Burnt-Out Tech Worker to $95K in Passive Income in 2 Years w/David Lecko Oct 12, 2023

Show notes

Off-market real estate deals can make you a millionaire in just a few YEARS. Instead of buying the nicest-looking rental property in the best area through a brutal bidding war, David Lecko went the opposite route, purchasing the properties nobody else wanted, finding deals simply by driving for dollars or paying someone else to do so. He went from a burnt-out nine-to-five worker to financial freedom in just two years by following this strategy, and you can do it, too!

David was working all day and all night, making a meager salary with almost zero time freedom. His boss, who worked far less than he did, outsourced his business and had rental properties on the side. David knew that to be in the same position, he’d have to mimic his boss’ path to wealth. So, after work, David would drive around his local area, looking for the tallest grass, the biggest roof repairs, and the worst paint jobs. He finally found his first deal, which cost less than a used car, but ended up springboarding David to make millions.

In today’s episode, David will walk through EXACTLY how to find off-market real estate deals the RIGHT way, how to get around the lazy lists that most off-market investors use, and how to turn a few properties into millions of dollars of wealth and close to six figures a year in passive income. And in today’s tough housing market, finding deals like these is even MORE crucial. So, what are you waiting for? Financial freedom is only a couple of years away!

In This Episode We Cover:

How to reach financial freedom in just a couple of years by buying off-market real estate

Driving for dollars and using this strategy to find massively underpriced deals

Outsourcing your deal finding so you can drive less and make more money

Building your off-market deal list and how many houses it’ll take to get your first payday

To BRRRR or not to BRRRR and why NO cash flow isn’t always a bad thing

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

Join David’s Spartan League

BiggerPockets Podcast 731 with Brent Daniels

BiggerPockets Podcast 781 on Finding Off-Market Deals

BiggerPockets Podcast 663 with Pitch Anything Part 1

BiggerPockets Podcast 664 with Pitch Anything Part 2

Real Estate Rookie Podcast 241 with Sahleem Lee

Books Mentioned in the Show

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

Pillars of Wealth by David Greene

Rich Dad Poor Dad by Robert Kiyosaki

Connect with David:

David's BiggerPockets Profile

DealMachine

David's Podcast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-830

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

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829: How to Get "Unstuck" in Real Estate by Following These Simple Fundamentals Oct 10, 2023

Show notes

If you take these three steps, you’ll reach financial freedom. There are no gimmicks, courses to buy, or get-rich-quick schemes. This three-step, repeatable blueprint to building wealth has been time-tested by some of the world’s most successful real estate investors. It’s not complex, but it will take work, sacrifice, and time to get where you want to be. So, what awaits you if you follow through? Financial freedom, multimillionaire wealth, autonomy, and the ability to do whatever you want, whenever you want. The weak won’t make it on this path, but YOU will.

Today, we hear directly from David Greene on what made him millions, mistakes he made that you should avoid, and what his new book, Pillars of Wealth, can teach you that most Americans will go their whole lives without knowing. This is a blueprint for wealth-building that only the most financially savvy know about, and you’ll get to hear about all of it on today’s episode.

So, if you’re tired of feeling stuck, not knowing how to make or keep more money every month, and need guidance on the next financial move to make, pre-order Pillars of Wealth today and start your journey to financial freedom!

In This Episode We Cover:

The three “pillars” of wealth that will lead you to financial freedom

Why you’re spending all the money you earn and how to save money EVERY month

The personal finance metrics you MUST track if you want to become wealthy

Why quitting your job to invest could push your financial progress back by years

How to know which rental properties to keep, sell, or trade for something else

David’s biggest mistake and what you need to be doing RIGHT NOW to become wealthy

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

Join David’s Spartan League

Hear Our Interview with Off-Market Deal-Finding Expert, David Lecko (Coming Soon!)

David Greene’s Untold Story of 7-Day Workweeks to 7-Figure Net Worth

Book Mentioned in the Show

Pillars of Wealth by David Greene

The Richest Man in Babylon by George S. Clason

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-829

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

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828: Seeing Greene: How Long to Hold On to a BAD Rental Property Oct 08, 2023

Show notes

DON’T sell your low-cash flow rental property just yet—you could make it a cash cow with one quick strategy switch. At least that’s Rob Abasolo’s advice as he joins David this Sunday for a Seeing Greene episode, where they take questions directly from BiggerPockets listeners, commenters, and reviewers! And even if you don’t have your first rental in the bag, this episode will be worth tuning into.

David and Rob discuss whether buying your first property with a fixed vs. adjustable-rate mortgage (ARM) makes more sense with today’s high interest rates. Then, we hear from an investor looking to sell their rentals and move that money into a bigger city with more appreciation potential. The problem? Their rentals are making some serious cash flow. Speaking of cash flow, we hear from an investor who’s got a townhouse that COULD become a rental but would have some meager returns. Is it worth keeping? Tune in to hear answers to all those questions and more!

In This Episode We Cover:

How to turn your low-cash flow rental into a passive income machine

Partnering with family members on a rental and how to split the profits

Fixed-rate mortgages vs. adjustable-rate mortgages (ARMs) and whether the low rate is worth the risk

When to trade your stable, cash-flowing rentals for long-term appreciation in a better market

Why lenders DON’T want you to downgrade to a cheaper primary residence (and how to get around 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

Rental Property Calculator

Rent Estimator

BiggerPockets Podcast 798 with Alex and Leila Hormozi

BiggerPockets Podcast 816

Ask David Your Real Estate Investing Question

Fixed-Rate vs. Adjustable Rate Mortgages: What’s the Difference?

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-828

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

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827: From $16/Hour Factory Wages to SIX-FIGURE Real Estate Paychecks w/Keith Everett Oct 05, 2023

Show notes

Want a PRACTICAL guide to making six figures in real estate? What about a way to do it in a year or less? That’s precisely what Keith Everett did, trading his sixteen-dollar-an-hour factory job for the potential to make six figures by himself, wholesaling real estate. Keith dropped out of college to work, realizing he made as much at his job as his university professors. After working twelve to sixteen-hour shifts and receiving a ten-cent raise (seriously), Keith knew he needed a way out.

Keith purchased a twenty-dollar book on real estate investing and got his first deal soon after. He was flying high, thinking the rest would be easy until the money stopped flowing in, his car got repossessed, his bank account ran low, and his wife was forced to move away for a job that would support the family. This wasn’t Keith’s plan, but he quickly turned things around.

Now, Keith runs a real estate business that brings in not just six figures a year but six figures a MONTH. He’s done over 400 deals in the past seven years and went from factory worker to scrappy hustler to CEO. Keith walks through every book he read, course he attended, and skill he learned that took his wealth to the next level. If you follow his practical tips, you could end up right where he is.

In This Episode We Cover:

How to make six figures a year (or month) by wholesaling real estate

Finding your “financial thermostat” and setting it so you save money EVERY month

How to fix your credit and the one thing you can do now to boost your score

How to go from hustler to CEO and build a business instead of another job

The biggest mistake Keith made when he started making serious money

The three things Keith focuses on when doing ANY deal

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

Henry's BiggerPockets Profile

Henry's Instagram

Listen to Henry on The “On The Market” Podcast Wherever You Listen to Podcasts:

Spotify

Apple Podcasts

BiggerPockets

Watch Henry on the “On the Market” YouTube Channel

CreditStrong

Self.inc

Book Mentioned in the Show

Flip by Nick Ruiz

Objections by Jeb Blount

Outwitting the Devil by Napoleon Hill

Profit First by Mike Michalowicz

Rich Dad Poor Dad by Robert Kiyosaki

Secrets of the Millionaire Mind by T. Harv Eker

The 5 Love Languages by Gary Chapman

Traction by Gino Wickman

Way of the Wolf by Jordan Belfort

You Can’t Teach a Kid to Ride a Bike at a Seminar by David Sandler

Connect with Keith:

Keith's Instagram

Keith's Twitter/X

Hustle Implementers

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-827

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

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826: 5 Steps to Get ANY Home Offer Accepted (WITHOUT Being the Highest Bidder) w/Christian Bachelder and Lindsey Iskierka Oct 03, 2023

Show notes

The 2023 housing market may be the “toughest real estate market” we’ve ever experienced. But, after this episode, we bet your home offer will get accepted, even during a wild seller’s market, even if you’re not offering the highest bid, and EVEN if this is your first time buying a home. While you may THINK that sellers always choose the “highest and best” offer that comes their way, we have a few experts to prove that that’s rarely the case and how you can win even in an impossible housing market.

First-time home buyers and veteran investors alike are feeling the sting from this never-ending sellers market. There are still more buyers than sellers, and bidding wars have come back into fashion. Thankfully, a few quick tips from today’s expert agent, Lindsey Iskierka, and David Greene’s own mortgage broker, Christian Bachelder, can help you win the home you love or your next cash-flowing, equity-boosting investment property.

We’ll walk through the five steps ANYONE (yes, even you) can take to put yourself in the BEST position to make a bid on a property, how your lender can ensure you DON’T get squeezed into paying more, and the biggest mistake new home buyers make that are costing them their dream home. Stick around because once you put these tips into practice, you could have too many accepted offers on your hands.

In This Episode We Cover:

How to get your home offer accepted in 2023, EVEN if you’re not the highest bidder

Pre-qualification vs. pre-approval and why you CAN’T mistake the two

Why you MUST call your lender before putting in ANY property offer (save THOUSANDS)

The “rate stack” that could lead to a lower mortgage rate or a credit to closing costs

The powerful negotiation tool that could land you tens of thousands at closing

One common “hiccup” you MUST avoid when closing on your next 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

BiggerPockets Podcast 805: 2 “Cash Flow” Housing Markets That Are On Track for Big Growth

BiggerPockets Podcast 817: 2 “Slam Dunk” Small Multifamily Deals in 2023 (and Where to Find Them)

Watch “Mortgage Mondays” with Christian and David

Book Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Connect with Lindsey:

Lindsey's BiggerPockets Profile

Lindsey's Email

Lindsey's Instagram

Connect with Christian:

Christian's BiggerPockets Profile

Christian's Instagram

Christian's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-826

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

825: Seeing Greene: Early Retirement, Private Lending, & The $10,000 “Guru” Trap Oct 01, 2023

Show notes

Have a rental property? What if you could use it to buy even more rentals, build your real estate portfolio, and have a steady stream of passive income flowing into your bank account? On today’s Seeing Greene, one viewer is asking exactly how to do that, and while his strategy could work, it may not be the best move with mortgage rates so high and deal flow so low. So, what would David do instead?

It’s Sunday, so we’re taking listener questions directly from rookies, veteran investors, and those wanting to retire early. In this episode, David pokes holes in the “cash-out refinance to buy a new property” strategy. We also hear from two late starters who want to get a jump on their retirement, a burnt-out property manager looking for the best way to scale, an equity-heavy investor who’s debating buying a rental or lending out his money, and a reviewer who was scammed by the real estate “gurus.”

In This Episode We Cover:

How to use your home equity to buy more rental properties and build a real estate portfolio

How to retire early, build a nest egg, and create cash flow as a late starter

Scaling your real estate business and whether you have what it takes to do so

The real estate “gurus” who will take your money and run (and telltale signs of a scam)

Why quitting your job for real estate isn’t a smart move to make (especially in 2023)

Private money lending vs. property investing and which will make you 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

The Late Starter’s Guide to Retirement with Real Estate (40s, 50s, or 60s!)

Warning: Why You Shouldn’t Buy What the Gurus Are Selling

Books Mentioned in the Show

Pillars of Wealth by David Greene

SCALE by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-825

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

824: Bankruptcy to Financial Freedom by Following the “No B.S.” Real Estate Rules w/Jason Lewis Sep 28, 2023

Show notes

Jason Lewis made it his life’s goal to hit financial freedom by thirty-five. After watching his family go bankrupt, lose their multi-generational farm, and have to give up their dreams, Jason knew that this was NOT what he wanted his future to look like. Instead, Jason would build a multi-million dollar real estate portfolio. One without high risk, high leverage, or a bank breathing down his neck when things went sideways. A portfolio that would make him MILLIONS in tax-free income, using techniques every average American can repeat.

Jason quickly learned the right way to use debt. After securing a loan at the young age of seven, Jason started raising hogs. When he became the Grand Champion for hog raising at his local fair, he was given a check for a couple thousand dollars—MORE than enough for any seven-year-old. This lesson later helped Jason repeat the same strategy, but with real estate, always adding value and ALWAYS paying his debts.

Jason’s “opportunistic” way of investing allows him to buy anything and everything that makes money. House hacking, fix and flips, mobile homes, and oil and gas leases are just SOME of the asset classes that Jason has invested in. One of these allowed him to make $1.9 million using a strategy that ANYONE listening to this episode can take advantage of. Want to hear how? Stick around!

In This Episode We Cover:

The danger of “overleveraging” and how it can ruin your chance at financial freedom

House hacking and how to make tax-free millions simply by living in your home

Syndication hype and why you should NEVER “fake it till you make it” in real estate

Jason’s “No B.S.” advice to find real estate deals WHEREVER you are

Partnerships and when it’s a wiser move to fly solo in your investing career

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

House Hacking 101: What It Is and How to Get Started

Is Leveraging Really That Risky?

The 30-Something’s Guide to Financial Freedom

Tune into the “Creative Real Estate Podcast” with Jason

Connect with Jason:

Jason's BiggerPockets

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-824

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

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823: The Tax-Free Strategy Only Real Estate Investors Can Access w/Mitchell Baldridge Sep 26, 2023

Show notes

What’s the key to paying fewer taxes? A cost segregation study. Never heard of it? Most real estate investors haven’t, but we’re about to unlock a world of tax-free income earning using this specific tool. If you’ve wondered how the wealthy pay such few taxes while owning million-dollar-producing real estate, this is how. In today’s episode, you’ll learn how to use cost segregation, too, so you can keep more money in your pocket.

Taxes aren’t everyone’s favorite subject, but paying fewer taxes? You can probably get behind that. We’ve brought on CPA and CFP Mitchell Baldridge to explain how he helps real estate investors, large and small, delete their taxable income and build their real estate portfolios faster. Our own Rob Abasolo uses Mitchell’s team to cut his taxes down by more than six figures!

In this episode, we’ll explain what cost segregation is, why so many top real estate investors use it to lower their taxes, when you can (and can’t) use it on your properties, the short-term rental tax “loophole” to take advantage of, AND what happens when you do it wrong.

In This Episode We Cover:

How to wipe out your income taxes using cost segregation studies

Bonus depreciation and writing off your property faster than before

Using real estate losses to lower your W2 or business income

The short-term rental “loophole” ANYONE can use to reduce their taxable income

Carrying over losses and why top real estate investors will NEVER stop buying property

Caveats and pitfalls of cost segregation and when it can come back to bite you

And So Much More!

Links from the Show