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

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

How to Start a Sober Living Home

22 Doors After “Starting from Negative”

Property Inspections—Why They’re Vitally Important & How to Get the Most Out of Yours

Book Mentioned in the Show:

The Gap and The Gain by Dan Sullivan

Who Not How by Dan Sullivan

Connect with Eric:

Eric's Instagram

Eric's Facebook

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-740

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739: Where the REAL Money is Made in Multifamily (Asset Management 101) Mar 14, 2023

Show notes

The way you manage your multifamily real estate could be the defining factor when growing a bigger portfolio, reaching financial freedom, and leaving a lasting legacy. The “DIY management” style works for most real estate investors until they build a significant stack of multifamily properties. Then, the toilet calls, tenant complaints, and late rent checks get a little exhausting when you’re now taking care of dozens of tenants, not just two or three. So, what’s the right way to scale with multifamily real estate without losing your hair?

We’ve brought back multifamily investing experts Andrew Cushman and Matt Faircloth to explain how new multifamily investors can start to scale by making some strategic hires. Both of these battle-tested investing experts have dealt with their fair share of flaky property managers, late maintenance technicians, and asset managers who care more about a paycheck than building a profitable portfolio. They know exactly what does (and doesn’t) make a good hire and how you can start scaling quicker by outsourcing work you once thought crucial for an owner to do.

Andrew and Matt break down the difference between a property manager and an asset manager and explain why these roles are commonly confused. They also hit on how essential operations are at a time when cap rates are starting to expand and many buyers have fled the market. Finally, they’ll walk through the exact skills you should be looking for in an asset manager, property manager, leasing agent, and maintenance supervisor, so you can focus on growing your portfolio, NOT handling the day-to-day hiccups.

In This Episode We Cover:

Asset management vs. property management and how these two separate roles create investing synergy

The changing multifamily market and how “buying a deal” isn’t as easy as it was before

What small multifamily investors can do NOW to build the road to a bigger portfolio

Hiring a property manager and the twenty-seven questions you MUST ask them before you bring them into your team

Attitude over skills and how to find the rockstars that want to build your real estate portfolio

Incentivizing success and making sure your workers are paid for increasing value and cash flow

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

What Is a Real Estate Investment Asset Manager?

Get your free copy of the 27 Questions You should ask a Property Manager

Book Mentioned in the Show:

Raising Private Capital by Matt Faircloth

Connect with Matt and Andrew:

Andrew's BiggerPockets Profile

Andrew's LinkedIn

Vantage Point Acquisitions

Matt's BiggerPockets Profile

Matt's Instagram

DeRosa Group

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-739

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

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738: Future Millionaires: The “Pickle Jar” Offer That Could Score You a Property Mar 12, 2023

Show notes

Building a real estate portfolio in 2023 isn’t as easy as it used to be. Without the free-flowing deal flow of the past decade, real estate investors need to try more intelligent strategies to snag properties that can help them reach financial freedom. To help them hit their goals, expert investors David Greene and Rob Abasolo have been coaching a small group of real estate mentees on their journey to build a robust property portfolio. Over the past three episodes, we’ve seen them build their buy boxes, decide on markets, formulate offers, and level up their investor skills. At the end of this ninety-day journey, our mentees have made some profound revelations.

We start with Philip, who’s been struggling to find a worthwhile campground to get under contract. He’s been able to wrangle in a deal, but it comes with “hairy” circumstances that could allow him more bargaining power when negotiating with the seller. Next, Wendy is back on her hunt for a house hack. After viewing potential properties in the Las Vegas area, she’s had to pivot her investing strategy to tackle something that comes with lower costs. And finally, Danny joins us to talk about two “offensive” offers he made and the “pickle jar” method that investors should know about before negotiating with a seller.

All of the mentees have made MASSIVE strides in their real estate investing journeys, but what comes next is entirely up to them. Stick around to hear how they got ahead of the game, what made the most significant difference in their property searches, and how they’re gearing up to tackle even bigger deals throughout 2023!

In This Episode We Cover:

Negotiating with a seller and what to do when hidden costs pop up during your due diligence

Networking with other investors and the MASSIVE benefit that comes with it

House hacking, medium-term rentals, and what to do when struggling to find cash flow

Pivoting your rental property strategy and why you should NEVER make an offer unless the numbers make sense

Making “offensive” offers and why lowballing isn’t always such a bad thing

Building your “buy box” and keeping it flexible enough, so you’re still able to get properties under contract

Analysis paralysis, outsourcing, and what will stop you from making it in real estate

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 Podcast 708 Part 1

BiggerPockets Podcast 719 Part 2

BiggerPockets Podcast 726 Part 3

Connect with Our Mentees:

Danny's BiggerPockets

Danny's Instagram

Philip's BiggerPockets

Philip's Instagram

Philip's Website

Wendy's BiggerPockets

Wendy's Instagram

Wendy's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-738

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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Bonus: How to Use the 2023 Housing Correction to Get RICH with Real Estate Mar 10, 2023

Show notes

The 2023 housing correction could be the PERFECT time to invest in real estate. Don’t believe us? Maybe you’ll be more convinced by Dave Meyer, VP of Data and Analytics at BiggerPockets and real estate investor who got his start right after the 2008 housing market crash. For a fresh-out-of-college Dave, this was one of the scariest purchases he could have ever made. Right off of the Great Recession, no one knew which way the housing market would head, but because Dave took an educated, data-backed risk, he’s been rewarded handsomely with passive income.

And if you’re like most new real estate investors, you want to find financial freedom and spend more time doing what you love while building wealth in the background. Now, with skittish sellers and high mortgage rates scaring away many would-be-homebuyers, you can pick up real estate deals that could propel your wealth forward for years to come. And in this webinar, Dave will show you EXACTLY how to find, analyze, and finance your real estate deals. He’ll also dive deep into the data behind today’s housing market and prove why now may be one of the BEST times to buy real estate in years.

Now is YOUR time to start building wealth. Don’t sit on the sidelines while others are reaching financial freedom. Become a BiggerPockets Pro member and get access to exclusive rental property calculators, lease templates, property management software, and access to bootcamps that will take your knowledge to the next level. Sign up for BiggerPockets Pro and use code “INVEST23” for 20% off and a special gift from Dave!

In This Episode We Cover:

How to find financial freedom in ANY housing market (even in 2023!)

The housing market correction that could be a BIG OPPORTUNITY for buyers

Whether or not buying in today’s housing market is a smart move to make

Mortgage rate fears and how to combat a high monthly payment with seller concessions

Strategies that work in today’s real estate market and the five ways to profit with real estate

How to analyze a rental property investment with the BiggerPockets calculators

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

Dave's BiggerPockets Profile

Dave's Instagram

Hear Dave on the “On the Market” Podcast

Subscribe to the “On The Market” YouTube Channel

BiggerPockets Rental Property Calculator

Estimate Rent Easily with the BiggerPockets Rent Estimator

Join BiggerPockets Pro and Use Code “INVEST23” for 20% off and a special gift from Dave

Books Mentioned in the Show

Real Estate by Numbers by Dave Meyer and J Scott

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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737: Lewis Howes: The 3-Step Formula to Go From Broke to Millionaire in 2023 Mar 09, 2023

Show notes

Lewis Howes has made a career taking the insights of millionaires and masters of crafts and turning them into digestible, actionable steps that everyday Americans can use to achieve their dreams. He’s talked to investing moguls, sports icons, mindset authorities, and everyone in between. Through doing this, he’s become an expert on building the mental landscape that makes you successful, accountable, and ready to make meaningful action in the world. He knows what it takes to build wealth, get rich, and start eight-figure businesses. And he also understands why you may not be ready to achieve your wildest dreams.

Lewis Howes knows most people aren’t ready to get rich. It’s not because they aren’t smart or savvy enough at investing. It’s because there’s something missing deep down—something they didn’t even know about. And Lewis has real-world experience with this struggle. He was flat broke only fifteen years ago, sleeping on his sister’s couch, watching his dreams of becoming a professional athlete slip away. He even got caught by his first mentor stealing food after a speaking event when he didn’t have enough money to eat.

Fast forward to today, and Lewis is a best-selling author, owner of a multi-million dollar business, and gets paid more in an hour than most Americans make in a year. So what changed? What steps did Lewis take to accomplish this unbelievable feat, and what can YOU do to repeat the same system that led Lewis to greatness? All that (and more) in this episode!

In This Episode We Cover:

How Lewis Howes went from flat broke to multi-millionaire

Why you’re NOT READY to get rich (and what you can do to change that)

The importance of getting a coach and why tenaciously leveling up your skills is crucial to success

Breaking out of rock bottom and how to build wealth when starting from zero

The three steps to greatness that will help you achieve any dream

The one skill Lewis says you MUST have in today’s modern world

Pushing past fear and how judgment stops so many from fulfilling their destiny

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 Podcast 405 with Lewis Howes

How Can You Achieve a Mindset for Investing Success?

Mastering These 2 Skills Is Critical to Success in Real Estate Investing

4 Key Ways to Build Wealth in Real Estate

Book Mentioned in the Show

The Greatness Mindset by Lewis Howes

Connect with Lewis:

Lewis' Instagram

Lewis' LinkedIn

Lewis' Podcast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-737

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

Learn more about your ad choices. Visit megaphone.fm/adchoices

736: BiggerNews: Mortgage Rate Mayhem and New Rules That Could RUIN BRRRR Mar 07, 2023

Show notes

In this month’s BiggerNews, the mortgage rate rollercoaster continues, ChatGPT tries to take your job, Facebook tells investors to get lost, and David discusses his love-hate relationship with Jack in the Box. That’s right, we’ve crammed in all the most important news for real estate investors, including AI realtors, dangerous fast food options, and why buyers and sellers keep pushing down hard on both pedals. David Greene and Dave Meyer will go down the real estate rabbit hole, discussing the most important headlines affecting today’s housing market.

Welcome back to BiggerNews, where we touch on the facts, data, and everything else affecting real estate investing. This time, the Dave duo hits on why mortgage rates shot down earlier this year and what’s causing them to rise again, plus what this will do to buyers and sellers who are waiting to get into the market. Then, we’ll hear how the BRRRR method could be in danger as new mortgage rules make a cash-out refinance far harder than before. Ever thought, “We need more artificially conscious investors.” If so, you’re in luck! We’ll touch on how ChatGPT could allow an influx of sub-par investors to enter the market.

And if you’ve been waiting for a revival of Craigslist, stick around. New rules that Meta (Facebook) announced recently may deal a blow to real estate sellers on the popular platform. Finally, David and Dave will give their take on Biden’s new “Renters Bill of Rights,” which could create more protections for renters but with the side effect of rent control for landlords. All these stories could have SERIOUS impacts on the housing market. Whether you’re an investor, realtor, renter, or homeowner, this is news you need to know about!

In This Episode We Cover:

Mortgage rate updates and what’s causing the interest rate volatility affecting investors

New cash-out refinance rules that could make the BRRRR method even more challenging

Why Meta is cutting support for real estate sellers (and what this means for off-market investors)

The Biden Administration’s new renter bill that could create housing markets dead zones for investing

Chat GPT’s opportunity for investors and how it could harm those that are running the best real estate businesses

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

Dave's BiggerPockets Profile

Dave's Instagram

Hear Dave on the “On the Market” Podcast

Subscribe to the “On The Market” YouTube Channel

2023 Mortgage Rate Outlook: Could Rates Drop?

Biden’s “Renters Bill of Rights” Is Here — Is Nationwide Rent Control Coming?

How to Succeed in Real Estate Investing Using the BRRRR Method

Why Rent Control Doesn’t Work - Freakonomics

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-736

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

Learn more about your ad choices. Visit megaphone.fm/adchoices

735: Seeing Greene: Rental Property Deal-Breakers That Could Kill Your Cash Flow Mar 05, 2023

Show notes

Which rental property “deal-breakers” could kill your cash flow? When is the right time to stop saving and start investing? And what should you do once you’ve hit your passive income goals? These are all questions that everyday real estate investors like you are asking, and on this episode of Seeing Greene, David will provide all the answers you need. So whether you’re just getting started, questioning when to invest, or ready to retire early but don’t want to regret the decision, this is the episode for you!

David Greene, your expert investor, agent, broker, and podcast host, can help you reach your wealth-building goals faster than ever. This time, David outlines the three pillars of saving and investing and how following this simple guideline can stop you from losing all your wealth in one fell swoop. Next, we debate whether or not paying off a rental property makes sense in today’s unstable interest rate environment and how inflation is making real estate investing more challenging than ever before. Finally, we touch on rental property “deal-breakers” and what your agent should tell you before you buy a deal.

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:

Saving vs. investing and when it’s time to pull the trigger on a rental property

The three pillars of money management and why you ALWAYS need emergency reserves

Paying off your rental property and what to do with six figures in yearly cash flow

Inflation, rising prices, and how intelligent investing protects you against an environment of easy money

Unpermitted renovations and whether or not a deal is worth it with one

Real estate agent red flags and what to do if your agent isn’t looking out for your best interest

Negotiating through agents and how to get your point across when talking through middlemen

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 674 with Ashley Hamilton

BiggerPockets Podcast 353 with Tim Rhode

BiggerPockets Podcast 717

Should I Pay Off My Mortgage Or Invest In Another Property?

Book Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-735

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

Learn more about your ad choices. Visit megaphone.fm/adchoices

734: Seller Red Flags I Should Have Seen Before Doing a Nightmare Deal w/David Pere Mar 02, 2023

Show notes

There are a few real estate investing red flags that an investor should ALWAYS look out for. If you don’t, you could end up in the same situation as David Pere, who just finished off a four-year lawsuit after a seller tried to get rid of a deal that wasn’t even worth the dough. But David wasn’t a rookie when this happened. This was David’s third deal after having multiple units under his belt. And even though he was able to walk away from the lawsuit, the downsides, years of stress, and wasted opportunity is what he wants to make sure you DON’T repeat.

This deal didn’t look fishy at the start, but as soon as closing came, difficulties started to crawl out of every nook and cranny of this property. Made-up leases? David’s got them! Weirdly intertwined relationships between sellers and property managers? It’s there too! Repairs that never got made? You bet! And this isn’t even the worst of the deal gone wrong. The story gets even more unbelievable, fraudulent, and downright confusing as David spills the tea.

But this isn’t a pity party. All while this lawsuit was happening, David has been scaling his rental property portfolio, reaching financial freedom, and still doing the best he could to build wealth. This story is NOT meant to scare you off from investing but to show you that any deal, no matter how bad it gets, can be a learning lesson that allows you to reach your goals even faster!

In This Episode We Cover:

The “more doors” trap and why scaling bigger isn’t always the best move

Lease options explained and why a seller would risk signing one

Mixed use real estate and the multiple streams of income that come from one property

Why you should ALWAYS get your team into a deal before you sign the contract

Red flags David missed that you should ALWAYS look out for when buying a new property

Taking a seller to court and what to do if you find out there’s fraud in your deal

Why savvy buyers (and sellers) always document EVERYTHING said in a negotiation

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

The 6 Best Ways to Minimize Your Chances of a Lawsuit

3 Strategies for Using a Lease Option to Invest in Real Estate Creatively

Investing in Mixed Use Commercial Property

Book Mentioned in the Show

The No B.S. Guide to Military Life by David Pere (For FREE!)

Connect with David Pere:

David' BiggerPockets Profile

David's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-734

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

Learn more about your ad choices. Visit megaphone.fm/adchoices

733: 3 Real Winning Deals in 2023 (and Where You Can Find Them!) Feb 28, 2023

Show notes

The housing market is heating up as homebuyer season comes back in full swing. For the past few months, most real estate investors have assumed that high interest rates and low inventory would stop first-time homebuyers from making offers on houses. But, most of us assumed wrong. At the start of this year, demand started picking back up, causing investors to pivot to get offers in quickly. So, if you’ve been waiting to buy your first or next deal, now may be the perfect time to start analyzing properties, sending in offers, and getting your property portfolio started. But you can’t do it without an elite agent!

We brought in three of the nation’s top agents to tell us what’s happening in their markets, what types of deals they’re doing, and how you can make the most off your next purchase. We first welcome back Dahlia Khalaf from ASN Realty in Tulsa, Oklahoma. She’s recently helped a client get into a “double dip deal” that resulted in tens of thousands in profit on a deal that almost any beginner investor could do. But they had to get creative to find it! Next, we bring back Rob Chevez from Washington, D.C., who’s worked out an interestingly debt-ridden real estate deal to help his investor client pull in some SERIOUS cash flow from short-term renting.

And lastly, who could forget about our own David Greene? He’s California’s favorite real estate agent, and his team has been using the house hacking strategy to help first-time homebuyers subsidize a SIGNIFICANT portion of their mortgage. Even better? This deal required no money down and allowed his clients to lock in a low mortgage rate and a low cost of living while in one of America’s most expensive cities, San Diego.

If you want a home run deal like any of the ones discussed on today’s show, head to BiggerPockets’ Agent Finder to find an elite investor-friendly agent in your area.

In This Episode We Cover

Why the housing market is heating up as homebuyers come back with higher demand

Wholetail real estate deals and how to flip a property without ANY renovation costs

How to find off-market deals and targeting homes that have been sitting on the market

Home liens and using them to find sellers who are willing to give a discount on their properties

Whether or not cash flow is still possible in 2023 and which strategies will bring in the highest rents

House hacking and using this strategy to lower your cost of living significantly

Rate buydowns, seller credits, and more ways to come to closing with less 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