BiggerPockets Real Estate Podcast

Lender Finder

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

Why the BRRRR Method WON’T Be the Same in 2023

Rich Dad’s CPA on How ANY Investor Can Avoid Taxes in 2022

8 Ways to Use Rental Properties to Create Retirement Income

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

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-759

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

758: Real Estate vs. Stocks: Which Will Make YOU More Money in 2023? w/Trey Lockerbie Apr 27, 2023

Show notes

Real estate vs. stocks. Cash flow vs. consistent dividends. Equity vs. price-to-earnings. If you’re reading this right now, chances are that you’re more of a real estate investor than a stock picker. But maybe you’re on the wrong side. Does the passivity of stock investing beat buying properties? Or do things like depreciation, tax write-offs, and the ability to use leverage while having tangible assets take the cake when it comes to the stock vs. real estate debate? And what about investing in 2023 as the economy continues to falter?

We brought on return guest, stock investing expert, and host of We Study Billionaires, Trey Lockerbie, to put him head-to-head against some of the most famous names in real estate podcasting. Rob Abasolo emcees this battle of investment strategies as Dave Meyer and Henry Washington bring in the housing heat. And while no physical jabs are thrown, Trey and our real estate investing experts put these two popular asset classes head-to-head to see which is a better bet for today’s investors.

And if you’re trying to scoop up deals at a discount, we touch on whether stocks or real estate are better bets during a recession, which comes out on top, and the risks you MUST know about before investing in either asset class. So, if you’ve got some cash burning a hole in your pocket and don’t know what to do with it, we may have the exact answers you need!

In This Episode We Cover:

Stocks vs. real estate and which asset class has better returns over time

Volatility, risk, and which types of investments could put you in the MOST danger

Investing during a recession and whether or not real estate or stocks have reached their bottom

Investing in bonds and why it may be a smarter move than you think in 2023

How to identify your “risk profile” so you can invest with MUCH less stress

Bitcoin, farmland, and other alternative assets that our guests would invest in

And So Much More!

Links from the Show

Lender Finder

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

Dave's BiggerPockets Profile

Hear Dave and Henry On the “On the Market” Podcast:

BiggerPockets

Apple Podcasts

Spotify

Dave's Instagram

Henry's BiggerPockets Profile

Henry's Instagram

Henry's Website

BiggerPockets Podcast 646 with Trey

Real Estate Vs. Stocks: What 145 Years Of Returns Tells Us

Connect with Trey:

Better Booch

Trey's Twitter

We Study Billionaires Podcast

The Investor’s Podcast Network

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-758

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

757: $0 Down Deals, 3% Interest Rates, and Insane Property Purchases w/Pace Morby Apr 25, 2023

Show notes

When you think of creative finance, you think of Pace Morby. He didn’t invent creative finance, seller financing, or subject to investing. Instead, he perfected it, buying deals often with zero dollars down, low (or no) interest, and with terms any investor would dream of. But maybe you don’t know what creative finance is. Maybe the terms “seller financing” or “subject to” have never been mentioned to you before. As Pace describes in this episode, this industry-wide ignorance of creative finance is by design and keeps you from building wealth.

To Pace, creative finance is the ultimate key to building a big rental property portfolio. But most sellers, buyers, and real estate agents don’t know about it. Describe creative finance to a regular realtor, and you’ll get laughed out of the listing. But, bring it up to a buyer, and suddenly everything changes. Don’t believe us? Pace brings up numerous examples in today’s show of how he was able to get real estate deals done that agents and realtors alike thought impossible.

In this episode, you’ll get a complete intro to creative finance. Pace runs through the definitions, how each strategy works, why NOBODY talks about creative financing, and how YOU can start investing today (yes, TODAY!) with zero dollars out of your pocket and even with limited experience. Ready to start your rental portfolio? Tune in and get your copy of Pace’s new book, Wealth without Cash, today!

In This Episode We Cover:

How Pace Morby buys multifamily real estate for NO MONEY out of pocket

Pace’s new BiggerPockets book that’ll help you get your first creative finance deal done

Seller financing explained and using it when a seller won’t budge on purchase price

The “subject to” strategy and how to lock in a rock-bottom mortgage rate even in 2023

Underwriting a real estate deal and seller lies that can often trick an inexperienced buyer

Tax benefits of creative financing and how it makes a win-win for you and a buyer

The risks of subject to and seller financing and how to EASILY avoid them

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

Boost Your Knowledge with Pace’s Creative Financing Bootcamp

BiggerPockets Podcast 527: 300 Doors, 100% Creative Financing

Real Estate Rookie Podcast 236: Creative Financing 101 with No Cash, Credit, or Credentials

Real Estate Rookie Podcast 280: How to Buy a Rental Property with NO Money OR Credit

Rob and Pace’s Recent Collab

Books Mentioned in the Show:

Wealth without Cash by Pace Morby

Connect with Pace:

Pace's BiggerPockets Profile

Pace's Instagram

Pace's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-757

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

756: Seeing Greene: How to “Supercharge” Your Rental Property's Cash Flow in 2023 Apr 23, 2023

Show notes

Real estate cash flow is why most investors decide to buy rental properties. But with interest rates at decade-long highs, rents starting to stagnate, and home prices still in unaffordable territory, making cash flow, or breaking even for that matter, has become challenging. And while the “golden age” of cash flow real estate investing might be over, there are still numerous ways to bring in more passive income on properties you already own.

We’re back for another Seeing Greene, where your favorite investor, broker, and “definitely not a loan expert,” David Greene, is back to answer YOUR real estate investing questions. This time around, we’ve got some serious questions about which rental properties are worth buying, how to get around zoning headaches, whether building an ADU is worth the money, and whether or not now is the right time to sell a high-equity property. David also touches on the EASIEST way to increase your cash flow in 2023 and the investing method that EVERY investor should focus on.

In This Episode We Cover:

How to “supercharge” your real estate cash flow by looking for money in places most investors avoid

Zoning requirements and how to get around them by building ADUs or making some simple rental property tweaks

Investing out of state and whether selling your primary residence to buy rentals is ever worth it

How to start and structure a real estate partnership (and why David invests solo)

Building an ADU vs. buying a rental property and which is a MUCH safer bet

When to sell vs. hold a rental property (even if you have HUGE equity gains)

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

Work with David’s Mortgage Team

Try the BiggerPockets Rent Estimator on Your Next Property

Is Building an Accessory Dwelling Unit (ADU) a Worthwhile Investment?

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Connect with Guest Cristian:

Cristian's BiggerPockets Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-756

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

755: How a Barber Went from $12 Clips to Six-Figure Cash Flow in 10 Years w/Rick Morin Apr 20, 2023

Show notes

Most people buy rental properties on purpose, but most people aren’t Rick Morin. Rick is what we would call an “accidental investor.” He has been able to build a home-run housing portfolio by slowly, steadily investing whenever he had the chance. The best part? In the beginning, Rick had no idea that what he was doing was real estate investing. He was stunned when he bought his first home, which ended up paying for itself entirely. Fast forward a couple of decades, and Rick is sitting pretty with $285,000/year in passive income, a $3,000,000 portfolio, and the financial freedom most Americans won’t achieve until their 60s.

So how did a barber, growing up in an impoverished household, go from making $12 a haircut to pulling in over $200,000 per year in pure cash flow? It’s simple: buy right, buy consistently, and trust your gut. Rick has done flips with car-sized holes in the roof, gone over budget and timeline, and made up his own comps, but at the end of the day, all the deals he’s done have led to him holding this massive real estate portfolio. And while he’s nothing short of an investing genius, his process for evaluating and doing deals is NOT complex. You don’t need a degree, a large inheritance, or any experience to repeat Rick’s system.

If you’re trying to build wealth in the background, leave a legacy for your kids, grandkids, great-grandkids, and everyone else down the line while focusing on doing what you love, tune into this episode. Rick has wealth-building advice that ANY investor can benefit from hearing.

This Show Sponsored By

Take your business to the next level with Left Main: the #1 CRM for Real Estate Professionals, built on Salesforce.

Go to leftmainrei.com/biggerpockets to learn more.

In This Episode We Cover:

Turning $12 haircuts into a $3,000,000 real estate portfolio

How Rick used “house hacking” to accidentally start investing in real estate

House flipping and how to use short-term profits to pay for long-term rental properties

Leaving a legacy, building generational wealth, and escaping poverty

Where to find off-market deals and using Facebook, friends, and clients to get DEEPLY discounted properties

Short-term rental investing and the secret tip a top tourist group CEO gave Rick

Why building wealth slowly will make you richer than speeding your way to financial freedom

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

How to Easily Find Off-Market Properties

The Plight of an Accidental Landlord

Flipping Houses: How to Get Started and Everything You Should Know

Connect with Rick:

Rick's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-755

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

754: EVERYTHING You Need to Get Your First Real Estate Deal Done in 2023 Apr 18, 2023

Show notes

Ready to buy your first rental property in 2023? If you’re going to reach financial independence, retire early, and own your time, you better get started. But you can’t build a rental property portfolio without buying your first, second, or third deal. So, how do you go from real estate zero to rental property hero without having any experience? Take some notes from rental property investing expert David Greene, who built his financial freedom-producing portfolio in under ten years!

David walks step-by-step through everything you must do to buy your first rental property in 2023. From finding the deals, getting your financing and loans set up, analyzing a property, and repeating the system. If you listen fully through this episode, you’ll have everything you need to find and buy your first (or next) rental property. So what are you waiting for? Grab a notepad and a pen, and don’t get distracted by David’s beautiful bald head. Now is the time to start building your life of financial freedom!

Want to take your real estate investing to the NEXT LEVEL? Reach financial freedom faster and sign up for BiggerPockets Pro with code “RENTAL20” for a special discount!

This Show Sponsored By

Take your business to the next level with Left Main: the #1 CRM for Real Estate Professionals, built on Salesforce.

Go to leftmainrei.com/biggerpockets to learn more.

In This Episode We Cover:

Why your first few real estate deals DON’T MATTER (as much as you’d think)

The “stack” real estate method to build an EXPLOSIVE real estate portfolio

The “3 D’s” of real estate investing and where to find dollars, deals, and investing direction

The BEST way to find real estate deals (even in a tough market like 2023)

How to analyze a rental property (LIVE!) using the BiggerPockets rental property calculator

The one tool top investors use to get deals done even faster

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 BiggerPockets Pro and Use Code “RENTAL20” for 20% Off

Try the BiggerPockets Rental Property Calculator on Your Next Deal

Estimate Rent Easily with the BiggerPockets Rent Estimator

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

Books Mentioned in the Show:

BRRRR by David Greene

Long-Distance Real Estate Investing by David Greene

SOLD by David Greene

SKILL by David Greene

SCALE by David Greene

The One Thing by Gary Keller

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-754

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

753: Seeing Greene: CPAs Answer YOUR Top Investing and Tax Questions Apr 16, 2023

Show notes

Want more real estate tax deductions? If you’re a savvy investor, you can use the tax code to avoid income tax, keep more money, and grow your portfolio even faster. But it’s hard to do so without a rock-solid CPA behind you. Thankfully, we have some of the world’s top real estate CPAs on the show, and they’re giving their take on tough tax questions (WITHOUT sending you a bill!). If you want to lower your tax burden, keep more of your hard-earned money, and play the tax game to WIN, stick around!

Welcome back to another Seeing Greene! This time, we’re joined by some of the most beloved real estate tax rockstars. Amanda Han, Matt Bontrager, and Tom Wheelwright have spent their careers helping real estate investors get the most out of their investments. From eliminating income tax to finding hidden deductions, boosting depreciation, and getting their clients into more tax-advantaged assets, these CPAs practice what they preach and are here to help you too!

They’ll be answering questions about how to unlock the MASSIVE tax benefits of real estate investing while working a W2, when to start an LLC, how to protect your assets, whether a 1031 exchange is really worth it, and how to find the right CPA. Their suggestions could save you THOUSANDS in taxes, so don’t miss this one!

In This Episode We Cover:

How to avoid income tax through real estate investing (even with a W2 job!)

When to pull equity out of a property and how long to hold a rental

Crucial questions to ask a CPA and how to know that they’re truly “investor-friendly”

The 1031 exchange explained and when it’s NOT a good option for eager sellers

Private money lending and how to ensure your lender shares in your property’s tax benefits

Capital gains tax and how to AVOID it when selling a primary residence

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 162

Hear Our Past Episodes with Amanda:

BiggerPockets Podcast 49

BiggerPockets Podcast 269

BiggerPockets Podcast 370

BiggerPockets Podcast 424

BiggerPockets Rookie 77

BiggerPockets Rookie 255

BiggerPockets Rookie 260

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

Hear Our Past Episodes with Matt:

BiggerPockets Podcast 689

Hear Our Past Episodes with Tom:

BiggerPockets Podcast 569

BiggerPockets Podcast 631

Connect with Amanda, Matt, & Tom:

Amanda's BiggerPockets Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-753

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

752: Why I Sold a Rental Property Portfolio That Took Me YEARS to Build w/Lee Yoder Apr 13, 2023

Show notes

Want to know how to invest in multifamily real estate WITHOUT being a multimillionaire? We aren’t talking about tackling a duplex or triplex; we’re talking about sixteen, eight, or ten-unit apartment buildings that could help you replace your W2 income. And while these deals may seem too big to take down for a rookie real estate investor, they’re much easier to get done IF you know what to do. But you’ll want to follow Lee Yoder's advice, who left his job and took a hefty pay cut to start investing in real estate.

As a corporate physical therapist, Lee knew that time was passing him by. The one thing he could do to ensure a life of financial freedom and time with his growing family? Multifamily real estate investing! He made the risky decision to switch gears, leaving the corporate world and thirty percent of his income behind to make the jump. Thanks to smart saving and spending, Lee was in a position where he could dedicate large chunks of his time to flipping houses and later investing in passive-income-generating real estate.

The best part about Lee’s story is that he did all of this on a middle-class income, without a ton of cash, using tools that almost every investor has available to them. If you want to know how he did it, what steps helped him skyrocket his portfolio, and how you can repeat his system, stick around!

In This Episode We Cover:

When to go full-time into real estate and saying goodbye to a steady paycheck

House flipping and buying under-market homes at online auctions

The “passive income” fallacy and why real estate investing ISN’T what you think

Living below your means and why spending less allows you to take bigger risks

Using real estate meetups to find partners, mentors, and deals in your area

The rental property “scrapyard” that most investors overlook when buying multifamily

Buying in the multifamily “sweet spot” that new investors and big syndicators won’t venture into

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

Andrew's BiggerPockets Profile

Work with Andrew

Try the BRRRR Calculator on Your Next Deal

What is the BRRRR Method & How to Use it to Invest in Real Estate

How to Properly Analyze a BRRRR Property

Hear Andrew On Our Recent Episode About Asset Management

Connect with Lee:

Lee's BiggerPockets Profile

Lee's LinkedIn

Lee's Facebook

Lee's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-752

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

751: Why the BRRRR Method WON'T Be the Same in 2023 Apr 11, 2023

Show notes

The BRRRR method just got served a devastating blow. With new financing rules and regulations, the “Buy, Rehab, Rent, Refinance, Repeat” strategy could be coming to a close for rookie real estate investors. This is a sensitive subject for most investing experts, as the BRRRR method was almost foolproof from 2010 to 2020. ANYBODY could find a house needing renovations, make some needed repairs, and turn it into a cash cow by refinancing out of their original loan.

But now, the tide has started to turn, cash flow has been erased thanks to high mortgage rates, and finding a home for sale isn’t as easy as it always was. For investors who relied on the BRRRR method, this could be seen as the end of a wildly profitable era. But for expert investors like David Greene, Henry Washington, and Rob Abasolo this is just the beginning of a new type of BRRRR that could pay off handsomely but has much more lethal side effects.

In this episode, we’ll get into exactly what the BRRRR strategy is, how investors use it to recycle their down payments, and what changes have caused it to go out of style. Our expert hosts will also describe what you MUST do to make your BRRRR investment work in 2023 and why simply buying a fixer-upper is NOT a worthwhile strategy. So stick around if you don’t want to get burnt on your next BRRRR!

In This Episode We Cover:

The BRRRR method explained and why it’s such a profitable rental property strategy

What changed in the BRRRR method and why 2023 will be MUCH more challenging

Seasoning period requirements and how long you’ll have to wait before refinancing

BRRRR red flags and what to do to protect yourself from buying a bad deal

The 1% rule and whether or not it’s still worth chasing in 2023

Expert ways to get around BRRRR waiting periods and high-interest rates

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