BiggerPockets Real Estate Podcast

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Books Mentioned in the Show:

BRRRR by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-769

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768: Seeing Greene: Do This BEFORE You Leave Your 9-5 Behind May 21, 2023

Show notes

Want to go full-time into real estate investing? In only a few short years, you’ll be able to make millions of dollars, own a mansion on the beach, and ride your gold-plated jet ski into the sunset without ever having to work again…Of course, none of that is true. But, it’s precisely what the online “gurus” have been peddling for years, seductively luring in burnt-out workers by promising unimaginable income without much upfront work. If you REALLY want to build wealth and amass a portfolio of passive-income-producing properties, this is the show for you.

We’re back with another Seeing Greene, where David goes hard on the havoc real estate gurus have unleashed. He’s here to tell you the truth about getting rich with real estate and why quitting your job to follow your dreams isn’t always the best choice. But, if you follow David’s advice, you can grow a skillset and investment portfolio that’ll lead you to the promised land of plentiful passive income. In this show, we’ll touch on topics like how to supplement your income to buy more properties, turning your side hustle into a full-time gig, when to quit corporate to pursue your real estate dreams, and how agents can instantly get better at their jobs.

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:

The truth about going full-time into real estate and why you might want to hold on to your job

How to build up enough capital to start investing even on a median salary

Turning your side hustle into a fully-fledged business and how to know you’re ready to make the leap

Real estate roles to look for when transitioning out of your job and into real estate full-time

What the gurus aren’t telling you about having a career in real estate

Three things that ANY real estate agent or realtor can do to level up their 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

Use the BiggerPockets Calculators to Analyze Properties

BiggerPockets Real Estate Podcast 741

BiggerPockets Real Estate Podcast 753 (Tax Ep)

Books Mentioned in the Show:

SOLD by David Greene

SKILL by David Greene

SCALE by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-768

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

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767: Multifamily Market Update + What a 20 Year Veteran Knows That You Don’t w/Angie Smith May 18, 2023

Show notes

The multifamily market is about to buckle. With sellers still riding the highs of 2022, buyers are at a crossroads; keep pursuing deals or wait for the market to go south. And, with mortgage rates rising and short-term financing coming due, many multifamily owners could be forced to sell their properties to the highest bidder. While some of this may sound like speculation, we’ve got a multifamily forecast straight from an expert in the industry, Angie Smith, from Strategic Management Partners.

Angie and her company manage 25,000 rental units at a time. Yes, you read that right! For the past decade, Angie has been the go-to manager for top apartment complexes across Georgia, dealing with everything from noisy tenants to in-unit farms and goat grilling operations (seriously). She knows the ins and outs of property management, what makes a good property manager, and why self-managing isn’t always the wisest move.

In this episode, Angie gives her take on the 2023 housing market and when she thinks multifamily will start to get shaky, why most investors are wrong about property management, how to choose a property manager, and the questions you should ask ANY management company before you hire them. If you want TRULY passive income through real estate, you DON’T want to manage your rentals alone.

In This Episode We Cover

2023 multifamily market updates and when prices could start to fall

Lessons learned from managing 25,000 rental units, plus an INSANE story about an in-unit butchery

Third-party property management vs. self-management (and who can handle it)

Three questions to ask ANY property manager before you hire them

“Receivership” and what happens to owners who can’t pay their bills

What you should NOT ask a property manager to do on your behalf

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-767

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766: Explosive Growth Could Be in Store for These Two Real Estate Markets w/Kim Meredith-Hampton and Victor Steffen May 16, 2023

Show notes

Two real estate markets still look like they’ve got room to grow in 2023, even as home prices face downward pressure for high mortgage rates and days on market begin to creep up. Markets like these two exploded in 2020-2022 and are still seeing strong demographic signs that more growth could be on the way. But, as two markets that have witnessed some of the most dramatic price appreciation in history, is now a worthwhile time to invest?

In this episode, we’re doing a market deep dive into two hot housing markets, Tampa, Florida, and Dallas, Texas. These two metro areas saw population booms like never before, shooting their home prices high and keeping competition hot, even as rates rise. But are these two markets starting to see a slowdown in 2023, or are there surefire signs that another wave of buyer activity is about to take place? With so many Americans moving to Texas and Florida, could this be the appreciation play of a lifetime?

We’re joined by Kim Meredith-Hampton and Victor Steffen, realtors in the Tampa and Dallas areas, respectively, to talk with David Greene and Dave Meyer about the potential of these two property markets. They’ll touch on how to find cash flow even with high home prices, the strategies they’re using today to lock in wealth-building buys for their clients, and why the days of bidding wars and buyer ferocity may be far from over.

In This Episode We Cover:

Updates on the Tampa and Dallas markets and whether or not there are still opportunities to buy

Florida cash flow and whether or not the sunshine state has been tapped out of passive income

The Texas “BEAF” strategy wealthy investors are using to buy better properties

Short-term rental risk and regulations and what to do if your BnB gets banned

Out-of-state investing and which investors should put money into these property markets

Mortgage rate impacts and what high home costs have done to buyer competition

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 Dave on the “On the Market” Podcast

Subscribe to the “On The Market” YouTube Channel

Dave's BiggerPockets Profile

Dave's Instagram

Catch Up on The BiggerPockets Blog Articles

Check Out Dave’s Dallas and Tampa Articles:

Dallas

Tampa

Books Mentioned in the Show:

Real Estate by Numbers by Dave Meyer

Connect with Kim and Victor:

Kim's BiggerPockets Profile

Kim's Email

Victor's BiggerPockets Profile

Victor's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-766

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

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765: Seeing Greene: Out-of-State Mistakes, “Low Risk” Real Estate, & False Cash Flow May 14, 2023

Show notes

Real estate investing was never meant to be easy, but there are a few ways you can get started without putting a ton of your money or time at risk. Most real estate investors go gung-ho from the start, buying as many cheap rental properties as possible, only later to realize their mistake. But here’s the thing; you don’t need to invest in sketchy markets or buy dirt-cheap rentals to make money, you just need a bit of creativity if you want to get ahead.

On this episode of Seeing Greene, we’re taking you through a plethora of investing strategies. We talk about how to invest in real estate when at the tail end of your career, whether to convert your garage into a rental or buy an out-of-state investment, the true cost of holding onto a risky rental property, and why your “cash flow” numbers probably aren’t what they seem. And, if you’re a young investor thinking of skipping college to dive head-first into real estate, you may want to hear David’s advice before you make that move.

In This Episode We Cover:

House hacking in an expensive market vs. buying an out-of-state rental

Garage conversions and the surprising profits of turning storage space into a rental unit

Going to college vs. becoming an agent and why you don’t have to choose between the two

The low-risk way to begin real estate investing (even if you’re starting late!)

How many bank accounts you REALLY need when running a rental portfolio

When to give up on a risky rental property that has high expenses

1031 exchanges explained and how to dodge taxes when buying a new 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

Out-of-State Investing: The Good and the Bad

Episode Seeing Greene 747

Book Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

The Multifamily Millionaire Volume I by Brandon Turner & Brian Murray

The Multifamily Millionaire Volume II by Brandon Turner & Brian Murray

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-765

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764: Making $200K/Year in JUST 3 Years with This High-Cash Flow Strategy w/Brittany Swait May 11, 2023

Show notes

For real estate investors, passive income is almost always the goal. You may be making good money at your job, but the long days, longer nights, lack of sleep, and limited time off is probably leaving you feeling fatigued. This is exactly how Brittany Swait felt after a severe diagnosis put her life in danger. She was working harder than ever, but the time with her family was slowly slipping away. That was until she started investing.

Brittany was able to build a fifty-nine-unit rental property portfolio in just three years. These properties bring in a staggering $200,000 per year passive paycheck, allowing Brittany to focus on her family, not take tasks from a boss. But this portfolio wasn’t easy to build, even though it happened quickly. Brittany had to learn the BRRRR method, take considerable risks (like draining her retirement accounts), and put herself in an entirely new position.

Now, just a few years later, Brittany is building her rental property portfolio at a fast pace, but she loves every minute of it. In this episode, she’ll walk through the exact strategy she uses to make such high cash flow, her five tips for remodeling and renovating that will save you TONS of time, and how she’s been able to pull her cash out of the deals she’s doing. If you want to scale your real estate portfolio, Brittany is the person to listen to.

In This Episode We Cover:

The one skill that allowed Brittany to scale from zero to fifty-nine rentals in three years

Medium-term rental investing and how to triple your rent with one strategic move

Using Facebook to find off-market deals and the one factor that matters MUCH more than you’d think

How to estimate rehab costs and five tips you MUST follow when doing a renovation

BRRRRing in 2023 and how to get around the one-year seasoning requirement for a cash-out refinance

Being more than your job and how to build a life that YOU are in control of

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

Rob's BiggerPockets Profile

Hear Our Episode with Rick Morin on Making $300K/Year with 11 Rental Properties

Medium-Term Rentals: How to Get BIG Cash Flow Out of Small Properties

Book Mentioned in the Show:

BRRRR by David Greene

Connect with Brittany:

Brittany's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-764

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

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763: Barbara Corcoran's Wild Real Estate Tactics You'll Want to Repeat May 09, 2023

Show notes

Barbara Corcoran understands real estate arguably better than anyone else. And while most of us know her from Shark Tank, Barbara swims in a league of her own as one of the most successful real estate investors and brokers in New York City. She knows the up-and-coming areas, the overpriced hipster neighborhoods, the streets to stray away from, and which will make you rich when owning real estate. And while Barbara has made a killing, she’s done it in a way foreign to almost any other real estate investor.

If you want to know the “formula” for making a fortune, this is the episode to tune into. In it, Barbara uncovers the exact way she finds the hottest rental markets before anyone else, why she consistently overpays for properties, the reason you should partner on almost EVERY deal you do, and why small-time investors are MUCH more likely to succeed than the big players.

Not only that, but Barbara also shares her past failures and why falling flat on her face was what she needed to see great success. She talks about her infamous word-of-mouth campaign that sold out an eighty-unit apartment complex in hours, the “Corcoran Report” that landed her on the front page of The New York Times, and why you MUST talk to waiters whenever investing in a new area.

In This Episode We Cover:

Barbara’s investing formula that will make you a FORTUNE (if you take the risk!)

A terrible first real estate investment and a crucial finding Barbara learned from failing

Overpaying for properties and why savvy investors don’t worry about the purchase price

Cash-out refinances and why Barbara is ALWAYS taking money out of her properties

Almost unbelievable marketing moves that Barbara made to boost her business

Whether or not buying with today’s “high” mortgage rates is a mistake

Why taking a night drive could be your key to finding the best real estate markets

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

Rob's BiggerPockets Profile

Barbara Corcoran’s Top 5 Tips for Winning During a Market Downturn

3 Rules for Crushing It in Business w/Barbara Corcoran

Connect with Barbara:

Barbara's Instagram

Barbara's Podcast

Barbara's Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-763

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762: The US Dollar’s Downfall, Flipping vs. BRRRING, and Where to Find Cash Flow May 07, 2023

Show notes

The US dollar could be ousted as the world’s reserve currency as more and more countries move away from using a dollar-backed standard for trade. This could lead to an economic domino effect causing more inflation and a difficult domestic economy. But what will this do to the housing market? How will investors be affected, and will this global move put downward pressure on the US economy?

Welcome back to another Seeing Greene where your “this is just my opinion” host, David Greene, shares his take on economics, lending, investing, and where to find cash flow in 2023. This time around, David touches on topics like flipping vs. BRRRRing and which makes more sense with high mortgage rates, why using a HELOC to invest in real estate could be risky, what to do when your rental won’t cash flow, and how to turn a troublesome rental into a fully-occupied cash cow.

In This Episode We Cover:

Why the US dollar is in danger and what it means for real estate investing

BRRRRing vs. flipping and what to do when high interest rates are eating your cash flow

Using a HELOC to fund your down payment and the danger of doing so in 2023

How to get pre-approved for a mortgage as a self-employed individual

What to do when your rental property is losing money, and where to invest IF you sell it

Real estate side hustles and how to learn while earning some extra income

How to increase occupancy when your rental property isn’t getting tenants

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

Jessie Dillon on The “Real Estate Rookie” Podcast

BiggerPockets Lenders

BiggerPockets Webinars

Seeing Greene 750

Joe Asamoah’s Section 8 Rentals

Proof That David Greene Has Legs!

Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth"

Books Mentioned in the Show:

BRRRR by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-762

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

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761: From Sleeping on the Floor to Making $80K/Month (in 2 Years!) w/Yamundow Camara May 04, 2023

Show notes

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

Rob's BiggerPockets Profile

BiggerPockets Rental Property Calculator

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

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

Books 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-761

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

760: BiggerNews: Buyers Jump Back In as Real Estate Competition Heats Up May 02, 2023

Show notes

Has housing market hysteria returned? For a few months, homebuyers took a sigh of relief as competition stayed low, prices began to drop, and the real estate market returned to reality. But it seems like the days of sweet deals and plenty of showings are now behind us as homebuyers are jumping back into the market. So what’s causing this housing market madness to refuel, and are we returning to 2020-2022’s crazy competition?

In this BiggerNews update, David Greene and Dave Meyer discuss some top headlines affecting the housing market in 2023. First, they’ll get into the nitty gritty of new inflation data and why prices are still high even after some good news. Next, they’ll talk about the newest real estate recovery and give their spring 2023 housing market predictions on whether or not home prices could rise and competition could return. Then, a debate over how the US dollar could be replaced as the world’s reserve currency and which countries are out to take its place.

Plus, if you’ve been waiting to get your hands on a new short-term rental property, you could be in luck. Recent data points to a stark shift in vacation home demand as the vacation rental market gets saturated and work from home starts to level off.

If you want up-to-date data on everything happening in the housing market and beyond, tune in and grab Dave’s FREE Q2 real estate report!

In This Episode We Cover:

Housing market hysteria and what’s causing homebuyers to jump back into the bidding wars

Inflation updates and how close we are to returning to the golden 2% inflation rate

Vacation home demand drop-off and what’s causing buyers to ditch their dreams of a beach house

De-dollarization, the war against the USD, and which countries are dropping the dollar

Real estate price predictions and whether or not we’ll see the yearly price run-up during spring/summer

Dave’s FREE Q2 housing market report (and where to get 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