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

The Newbie’s Guide to Wholesaling in 7 Simple Steps

5 Cold Calling Techniques That Really Work

3 Types of Motivated Sellers (& How to Win Deals By Solving Their Problems!)

How to Stop Worrying and Start Living

Books Mentioned in the Show

Rich Dad Poor Dad by Robert Kiyosaki

Connect with Brent:

Brent's Instagram

Brent's Website

Brent's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-731

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730: How to Start a Real Estate Portfolio with Just $10K Feb 21, 2023

Show notes

Want to know how to invest in real estate with $10,000? For most people, $10,000 doesn’t sound like enough to start a rental property portfolio. But today, you’ll learn exactly how to turn this easily savable amount of money into the foundation for financial freedom. If you want to know the nine ways you can begin building wealth through real estate with $10,000 or less, stick around!

David Greene, Henry Washington, and Rob Abasolo all started their real estate investing journeys without stacks of cash. They had to scrimp, save, and hustle to get to their first property. But, once the cash flow wheel started to turn, all of these investors quickly multiplied their real estate holdings and sailed straight for financial independence. And now, they want to help you do the same!

David, Henry, and Rob all share their favorite ways to invest in real estate with $10,000, the risks and rewards of each of these strategies, and pit each method against the others in a strategic showdown on the BEST way to invest in real estate with little money. They even share the fastest ways to save up $10,000, so you can start investing sooner! So if you want to make 2023 THE year you start investing, even if you don’t have much savings, stick around!

In This Episode We Cover:

How to invest in real estate with $10,000 or less

The nine best strategies that rookie investors can use to get their first property

How to save $10,000 and which side hustles will make you the MOST cash

Cash flow vs. appreciation and which markets are worth investing in

The “rental arbitrage” strategy that can make you THOUSANDS a month (with a LOW investment)

The riskiest ways to get into real estate and which strategies newbies should AVOID

A free way to ensure your success when investing that many people overlook

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

Books Mentioned in the Show

BRRRR by David Greene

Long-Distance Real Estate Investing by David Greene

SCALE by David Greene

Investing in Real Estate with No (and Low) Money Down by Brandon Turner

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-730

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

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729: The 10 Real Estate Markets Primed for Long-Term Growth in 2023 Feb 19, 2023

Show notes

The real estate markets that have the highest populations tend to have the highest housing prices. Think of cities like New York, Los Angeles, San Francisco, and Seattle. Just a few years ago, these bustling metros were packed to the brim with tech workers, all of which contributed to housing shortages and sky-high home prices. Now, with remote work the new norm, these big cities are seeing their populations slowly start to siphon out to more affordable housing markets in America.

As an investor, you may ask yourself, “where are the most people (and money) headed?” In this episode, Dave Meyer and David Greene will answer this exact question. But, it isn’t as easy as solely looking at population growth. Dave and David go deep into the data to see where businesses, tech jobs, and high salaries are moving so you can make the best bet for future equity plays. And even though it seems like Miami, Austin, and other booming markets have already priced out most investors, recent price drops could be a short-term loss that leads to your long-term gain.

But even if you know where Americans are migrating, you’ll still need to know the “why” so you can find future markets fitting these criteria. Dave and David touch on how work from home changed the housing market, why the pandemic split the nation into affordable and unaffordable housing markets, and how something as simple as a warm day could heavily impact where the best investing opportunity is. So stick around if you’re planning on buying, investing, selling, or moving in 2023!

In This Episode We Cover:

The ten real estate markets that are seeing massive migration even in 2023

The “great reshuffling” and how a nomadic work culture changed America’s housing landscape

Work from home’s effect on migration, high-paying jobs, and home prices

How political stances and low/no income tax enticed many Americans to leave their home states

The housing markets seeing the BIGGEST population drops and where not to invest

Where businesses are moving, and the sneaky tax incentives states use to entice corporations

Why short-term price drops DO NOT predict the future of the housing market

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

Migration, Inflation, and Why Big Cities Are Losing Their “Desirable” Status

Book Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Real Estate By the Numbers by Dave Meyer

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-729

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

728: Making $80K+ Per MONTH with Just 9 Rental Properties w/Jesse Vasquez Feb 16, 2023

Show notes

You don’t need a hundred rental properties to make a million dollars a year. You can do it with less than ten properties. Sounds insane, right? If so, tune in to hear Jesse Vasquez’s story as he breaks down exactly how he built a seven-figure income stream with fewer rental properties than most medium-sized landlords. He even gives an example of how just two of his rental properties are cash-flowing enough to replace a six-figure salary. So what is he doing differently from the rest?

After escaping the “golden handcuffs” of a six-figure healthcare sales job, Jesse knew he couldn’t ever return to the corporate work environment again. He loved the paycheck but was paralyzed by the work and needed an escape that could help him build wealth without sucking his soul. After sparking up a conversation with a traveling nurse, he realized there was an unfilled niche in the medium-term rental space, one that traveling professionals would pay handsomely for.

From working in healthcare, Jesse has been able to pinpoint exactly what makes a high-cash flow medium-term rental, which amenities can dramatically increase your rent price, and how to make six figures in cash flow with just a few properties. This deep dive will give you EVERYTHING you need to know before you buy a medium-term rental, how to achieve a near-zero vacancy rate, and the most lucrative way to find tenants that will net you five times higher rent than a regular long-term tenant.

In This Episode We Cover:

The medium-term rental strategy explained and how it produces so much cash flow

Leaving a cushy six-figure job to build a real estate business, not just retire early

How Jesse makes close to a million dollars a year with just nine rental properties

The secret amenities that nurses MUST have to book your property

The exact agencies to call to get your property rented at SIGNIFICANTLY higher rates

How to choose the perfect medium-term rental market and what to look for in local hospitals

Home insurance rental coverage and how to use it to fill up your units FAST

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

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

ALE Solutions

DANHousing

Furnished Finder Stats

Book Mentioned in the Show

30-Day Stay by Zeona McIntyre & Sarah Weaver

Connect with Jesse:

Jesse's BiggerPockets

Jesse's Instagram

Midterm Rental Summit

Jesse's Website

Jesse's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-728

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

727: Seeing Greene: Making $300K Per Year On ONE Short-Term Rental Feb 14, 2023

Show notes

Short-term rental investing is where the big bucks are made. Unlike long-term traditional rental properties, short-term rental hosts can charge higher daily rates, allowing them to lock in far higher revenue. This revenue number grows exponentially the bigger, better, and more unique a property gets. So, a Spanish-style Scottsdale mansion will rent out for a LOT more than a traditional large home. And that’s exactly what we have on this episode of Seeing Greene; a Scottsdale, Arizona mansion bringing in over $300,000 per year!

On this special edition of Seeing Greene, David Greene and Rob “Robuilt” Abasolo will give a Deal Deep Dive on their latest partnership property. This massive mansion in sunny Scottsdale was one of the most expensive properties Rob had ever bought, but with the help of David, they’ve been able to turn it into a cash cow, even as headaches pop up. David and Rob walk through the property cost, how they found it, the renovations they made, and how much they expect to bring in this year.

They also share guest stories that’ll make you feel sympathy for any vacation rental host, the problem with pool heaters, and what to do when your guest pulls a Glock on your house cleaner. These are the stories most vacation rental hosts won’t tell you, so stick around if you want to hear all the cash-flowing details!

In This Episode We Cover:

Scottsdale real estate and why David and Rob picked this perfect vacation rental destination

The downside of buying dozens of properties and why one large purchase beats many small ones

Finding an investor-friendly agent and why you NEED a rockstar in your real estate market

How much David and Rob spent on furnishing, painting, and fixing this property

David’s five-point matrix for a profitable rental property

Guest horror stories and why you should ALWAYS keep your TV manual

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 680 with Direct Booking Expert, Mark Simpson

The Ultimate Guide to Short-Term Rental Properties

Airbnb Horror Stories (& How You Can Prevent Your Own)

Watch Rob’s Vlog on The Scottsdale Mansion

Learn More About David’s Upcoming Retreats

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-727

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

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726: Future Millionaires: Why You Should Start Making "Offensive Offers" Feb 12, 2023

Show notes

Your lowball offer might seem offensive to most sellers. But, when phrased and timed correctly, you’ll be able to lock down real estate deals at the perfect price, sometimes without the seller even knowing it. Unfortunately, most real estate investors make a MASSIVE mistake when negotiating. Too often, they ask for everything they want when making an offer, not knowing there are ways to get an even better price later on. Want to see how this sneaky style of negotiation works? Stick around!

We’re back with our real estate mentees as they get one step closer to buying their next property and building their dream real estate portfolio. First, we chat with Philip, who lost out on the perfect deal but now knows a better way to get properties under contract. Then, Danny joins us as he stays on the hunt for a multimillion-dollar multifamily but is struggling to find reasonably priced properties in his area. Finally, Wendy is on as she debates which of her rentals have the best medium-term tenant potential. She also dives into a new market that could be perfect for her high-cash flow house hacking strategy.

We also get deep into the mindset of these intermediate investors. We’ll talk about why it’s so hard to let go of a great deal, how to systematize your learning so you’re constantly leveling up your skills (even during a busy day), breaking through analysis paralysis, and why your limiting beliefs are often untrue. So if you want to tee up your next real estate deal like Philip, Danny, and Wendy, tune into this episode!

In This Episode We Cover

Why you NEVER submit your final offer when trying to get a perfect property under contract

Buying raw land and how to perform due diligence on an untraditional asset

Embracing the chaos and how to build your real estate portfolio with a jam-packed schedule

Why 2023 is the perfect market to write “offensive offers” on properties

Medium-term rental investing and which markets work best for it

Analysis paralysis and how your mind tricks you into not succeeding

The ONE thing that most house hacking investors forget when looking for new deals

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-726

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

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725: Leaving Pro Sports and a Violent Past to Forge Financial Freedom from SCRATCH w/Suni Rao Feb 09, 2023

Show notes

To invest in real estate, you need to have a strong why. Without it, you won’t get far, and the first fumble that comes your way may be your last. That’s why having a solid reason behind your real estate investing can keep you going while the rest give up. And this is precisely what Suni Rao’s success is built on as a former pro tennis player turned financial analyst and now ten-unit real estate investor. You may think you know her story already since she was a former pro, but you’d probably be wrong.

Suni was raised in a household of domestic violence. As a child, she knew that if she only had enough money, she could escape and finally be free of the abuse. So when the opportunity came for her to play pro tennis at a young age, she took the chance without ever looking back. This dream continued until her early twenties, when she was physically forced to give up her goal of winning the world’s biggest tournaments.

She took a hard pivot, eventually leading her to climb the corporate ladder, only to have some crushing feedback knock her off. However, none of this stopped Suni from building the life she wanted in the background. After one property came another, and another, and another. Now, with ten units to her name, she’s making massive strides toward financial freedom and is here to tell you exactly how you can do the same.

In This Episode We Cover

Financial insecurity and how to regain your freedom through real estate investing
House hacking and using it as a stepping stone to invest in bigger, better properties
Leaving the corporate ladder behind to build your own wealth without an employer
Sports lessons of resilience that any real estate investor can relate to
How to stop limiting beliefs and doubts from derailing your dreams
Why property class matters and how buying in better neighborhoods will make you more
How to “force appreciation” and gain massive equity on your properties
And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-725

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

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724: The 3-Step System to Scale ANY Real Estate Portfolio Feb 07, 2023

Show notes

You need to know how to scale your real estate portfolio. You’ve been stuck at the same number of units, dealing with the same problems for far too long. But what can you do? At what point do you reach a limit to the number of rentals you can take on? Is there even a limit at all? For most investors, hitting a wall in your real estate portfolio can feel like the beginning of the end. For David Greene, this just shows that you need to scale a little smarter. And today, he’ll show you exactly how to do it.

David, at one point, had a portfolio of over fifty single-family homes. As a result, he was constantly getting calls about evictions, maintenance issues, late payments, and the everyday landlord headaches. He realized that he was spending all his extra cash flow fixing the regularly sprouting problems, so he decided to pivot. Now, he has a cash-flowing, profitable, passive real estate portfolio with multiple types of rentals nationwide and far fewer headaches. Not only that, he’s leading a top real estate agent team, teaching his top agents the same skills in his newest book, SCALE: A Successful Agent’s Guide to Leveling Up Their Real Estate Business.

In it, David teaches top agents how to leave the mundane headaches behind and start building a business. But this book isn’t just for agents. If you’re an investor, the same rules apply to you, and learning these skills can help you leverage time, money, and other workers to help you grow an even bigger business.

Pre-Order SCALE now, and use code “SCALE724” to get a special discount and access to exclusive pre-order benefits.

In This Episode We Cover:

A deep dive into David’s newest book, SKILL

How David went from blue-collar worker to seven-figure business owner

The two pieces of any successful system (and the part EVERYONE screws up)

Why finding your weakness is the key to unlocking wealth

Learning how to leverage time, money, and workers to build your business bigger

The “three dimensions” of scaling and which one you MUST start putting into practice today

Fish-cleaning vs. fish-catching and how to adapt your skills when building your real estate portfolio

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 5 Things You Need to Build a $1,000,000+ Rental Portfolio

Books Mentioned in the Show

SCALE by David Greene (Use Code “SCALE724” at Checkout)

SKILL by David Greene

SOLD by David Greene

BRRRR by David Greene

Long-Distance Real Estate Investing by David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-724

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

723: Seeing Greene: Why This Recession is a HUGE Opportunity for Investors Feb 05, 2023

Show notes

The 2023 recession is both an opportunity and a danger for real estate investors nationwide. Falling prices, rising mortgage rates, and an uncertain housing market have made buying rental properties riskier than at any other time in the past ten years. But, the flip side of this coin is that a lack of buyers and harsh buying conditions makes it easier than ever to pick up homes in grade-A areas, many of which could help you realize massive returns in the future. So, is now the time to buy?

Welcome back to Seeing Greene, where expert investor, agent, broker, and author, David Greene, answers your recession-based real estate questions on the spot. We take questions from new investors struggling to find cash flow in today’s challenging market and long-term property owners who don’t know what to do with all their equity. We’ll also hit on the touchy subject of when to quit your job, when you have too much debt to invest, and the difference between a property manager and an asset manager (most people get this wrong!).

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:

Why cash flow is NOT the most important metric when buying in 2023

Using the recession to snag better deals on homes in appreciating areas

Selling vs. renting and what to do with a house that has heaps of equity

When to quit your W2 and whether or not doing so in a recession is too risky

Overleveraging yourself and why you may want to hold off on investing if you have high debt

Lease options and using them to buy properties from on-the-fence sellers

Asset management vs. property management and how these two titles differ

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

10 Challenges to Seriously Consider BEFORE Quitting Your Day Job

Join David’s Scottsdale Retreat

Books Mentioned in the Show

SCALE by David Greene

SKILL by David Greene

How to Invest in Real Estate By Joshua Dorkin & Brandon Turner

Recession-Proof Real Estate Investing by J Scott

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-723

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

722: David Greene's Untold Story of 7-Day Workweeks to 7-Figure Net Worth Feb 02, 2023

Show notes

Cash flow, cartels, building a real estate empire, and everything in between—this is the story that many have yet to hear. The world of a real estate investor can seem glamorous. There are always so many properties, cash flow, retreats, speaking events, and jam-packed, money-making schedules that most nine-to-five workers would be envious of. However, what you’re seeing is the result, not the journey. What about the seven-day work weeks, the night shifts, the financial stress, the bad tenants, and the failures? This is what made David Greene what he is today.

To most, David Greene is the epitome of an entrepreneur. He owns a multimillion-dollar real estate portfolio, multiple cash-flowing companies, and hosts the best real estate podcast ever (we’re not biased). But just fourteen years ago, this was far from his reality. David was waiting tables, working at restaurants, trying to become deputy sheriff, and had no real estate to speak of. He sacrificed almost every weekend to make more money so he one day could own his schedule.

In this episode, you’ll hear precisely how David hustled for years to buy his first property, how his first tenant stole thousands from him, the long nights he spent working overtime to save up even more, and how eventually everything clicked, and he started building wealth at record speed. If you want an authentic look into the making of a real estate tycoon without the rose-colored hindsight, this is the episode to tune into.

In This Episode We Cover:

Investing during the great recession and why most investors wouldn’t touch real estate

The worst first-rental property experience ever and why you NEED to screen your tenants

Why every investor needs to respect money, not just try to make more of it

Doing whatever you have to do to save up, invest, and build a brighter future for yourself

Building the BRRRR strategy and accidentally finding a way to recycle down payments

Out-of-state investing and how to pivot when your market becomes too expensive

Strengthening your financial foundation so you can invest wisely and work way less

Rob and David’s Russian-Mexican Spanish and how to confuse everyone in Latin America

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