BiggerPockets Real Estate Podcast

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Should You Invest for Equity or Cash Flow?

How to Fund Rehabs and Renovations

Book Mentioned in the Show

SKILLby David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-633

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632: The “Conveyor Belt” System That’ll Build You a BIG Rental Portfolio Quickly w/Jake and Gino Jul 07, 2022

Show notes

Multifamily investing is a bit different than other types of residential real estate investing. When the economy begins to shift, and a recession is looming, multifamily real estate tends to drop in price. But, at the same time, more renters need a place to stay, or more importantly, an affordable place to stay, making multifamily apartments their go-to option. If apartment investing has ever interested you before, Jake Stenziano and Gino Barbaro make a strong argument why now may be the perfect time to get into the industry.

If you’re feeling deja vu, don’t worry, Jake and Gino have been on the BiggerPockets Podcast multiple times before. Each time they come on they bring new lessons, new deals, and a lot more units under their belt. Only a decade or so ago, Jake and Gino were busting their humps working at jobs and businesses that didn’t fulfill them. It took them a year and a half to buy their first deal, and now, they’re sitting on $175M worth of multifamily. That’s quite a lot of deals in just a decade.

Jake and Gino drop some gems in this episode, specifically on why 2022 may be a smart time to start investing, how to develop your “buy right” criteria, and preparing your exit strategies so you can build wealth, not just get rich once. They’ve learned a lot of multifamily investing lessons the hard way, so next time you’re presented with a killer deal, you don’t have to double down on their mistakes.

In This Episode We Cover:

Why you DON’T need to raise outside money to tackle big multifamily deals

How to hire the right people and get employees invested in your properties (literally)

The “buy right” framework and three pillars of real estate that every investor must understand

Why exit strategies are the most crucial part of investing and how to define yours

Managing properties the right way and how good property management can make or break a deal

The “conveyor belt” acquisition system that will fly deals your way (even when you’re not working)

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

David's BiggerPockets Profile

Rob's BiggerPockets Profile

BiggerPockets Podcast 182

BiggerPockets Podcast 266

Pizza Owner to 1,500 Units

Millionaire Couples

Books Mentioned in the Show

Small Giantsby Bo Burlingham

Scaling Upby Verne Harnish

The 7 Habits of Highly Effective Peopleby Stephen Covey

Connect with Jake and Gino:

Jake’s BiggerPockets Profile

Jake’s LinkedIn

Gino’s Linkedin

Jake and Gino’s Facebook Page

Jake and Gino’s LinkedIn

Jake and Gino’s Website

Jake and Gino’s Podcast

Jake and Gino’s Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-632

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631: BiggerNews July: Rich Dad's CPA on How ANY Investor Can Avoid Taxes in 2022 w/Tom Wheelwright Jul 05, 2022

Show notes

Everyone wonders how the rich avoid taxes. To most Americans, it seems like there is some big loophole that only the mega-wealthy know about, leaving average workers strapped with a large tax bill. Are the ultra-wealthy cheating the tax code, or are they onto something that everyday Americans simply don’t know about? Tom Wheelwright, author of Tax-Free Wealth and Rich Dad’s (Robert Kiyosaki) CPA is here to tell you how to take advantage of these big tax deductions that mystify small-time investors.

If you’re already investing in real estate, you’ll know that the tax deductions can be plentiful. You get mortgage interest, depreciation, maintenance, and insurance write-offs. But, even bigger than those, are bonus depreciation and cost segregation, which aren’t complicated tax strategies and can help almost any investor reduce their tax bill significantly. So what can an average investor like you do to get started saving on taxes?

Tom walks through the 2022 tax deductions that are decreasing this year, which to take advantage of immediately, how to find the right CPA for you, and which write-offs you may be missing. These tips could reduce your taxes by a significant amount, freeing up much more of your capital for future real estate deals!

In This Episode We Cover:

The disappearing tax deductions that every investor should take advantage of

How the wealthy avoid taxes by buying real estate and getting into debt

Renting vs. buying and which makes more sense in 2022 as affordability plummets

Using cost segregation and bonus depreciation to wipe out your tax bill

How to work with the government, instead of against it, to build wealth faster

The best 2022 real estate tax strategies that small or large real estate investors can implement

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Hear Our Past Interview with Tom on 5 Steps to Eliminate Income Tax

Listen to The Rent vs. Buy Debate on This Week’s Episode of On The Market

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

David's BiggerPockets Profile

Dave's Instagram

Books Mentioned in the Show

Tax-Free Wealthby Tom Wheelright

The Win Win Wealth Strategyby Tom Wheelright

Connect with Tom:

Tom's Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-631

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630: Seeing Greene: Estimating Rent, “Amplifying” Cash Flow, and DIY Investing Jul 03, 2022

Show notes

Look up “how to retire early” online and you’ll see some common prescriptions. You’ll hear investors talk about rental properties and index funds more than other options. This is for good reason since even as real estate investors there are ways we can go beyond the scope of buying rentals to amplify our wealth and set ourselves up for early retirement. This is also the exact question that one of our guests asks on this episode of Seeing Greene.

If you’ve ever wondered what you should do with your rental property profits after you’ve paid all your bills, whether or not to flip homes in 2022’s housing market, or simply how to get less nervous on the phone, then you’re in the right place. David Greene, host of The BiggerPockets Real Estate Podcast, runs through a series of different Q&A style submissions from new investors, experienced investors, real estate agents, and everyone in between.

In This Episode We Cover:

How to estimate rents on a potential income property and which room count brings in the most money

How to find an investor-friendly agent who will give you the local contacts you need

Whether to sell a rental property or keep it and cash-on-cash return vs return on equity

Live in flips and why flipping houses has gotten so much harder in 2022

Turnkey rental companies and whether or not to use one when investing from abroad

How to retire earlier by “amplifying” your rental property’s cash flow

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Estimate Rent Easily with The BiggerPockets Rent Estimator

Find an Investor-Friendly Agent Near You

How to Retire Early (From Someone Who Did at Age 27)

Book Mentioned in the Show

SKILLby David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-630

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

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629: Brandon Turner’s 4-Step “Viral” Formula That’ll Bring You Deals TODAY Jun 30, 2022

Show notes

To real estate investors and real estate investing enthusiasts, Brandon Turner is a household name. Not only has he written one of the most successful real estate investing books ever published (The Book on Rental Property Investing), but he also pioneered the real estate podcasting, social media, and blogging space. Funny to think that only a decade or so ago, this massively successful capital raiser, business founder, and CEO was painting rental properties, just trying to quit his soul-sucking job.

So how did Brandon do this so quickly, and what’s going on in the brain (and under the beard) of one of the most successful real estate investors on the planet? Surprisingly, Brandon doesn’t have some secret formula, world-changing analogy, or crystal ball. He simply did what he said he would do—look for deals consistently, make offers whenever he could, and close so he could move on to the next. If this sounds familiar to your situation, but you’re struggling to find success, you may find that his system is a little bit different from yours.

Brandon gives valuable insight into the “machine-building” he’s doing over at Open Door Capital, how he’s successfully growing his personal brand, and why real estate investing success should never be a surprise. If you’re a new listener to the show, it won’t be long before you realize why Brandon Turner was (and still is) one of the most beloved voices for building wealth.

In This Episode We Cover:

The four levels of entrepreneurialism and how to become the “architect” of your own life

Building a personal brand and finding confidence when creating content

The skills you need to grow a business and become the CEO

The five-point “viral formula” Brandon has used to raise millions of dollars

What it takes to be successful and how to create a machine that will find real estate deals for you

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Hear Our Interview with Jason Drees on Exceeding Your Goals

Should You Quit Your 9-5 Job to Become a Full-Time Real Estate Investor?

10 Challenges to Seriously Consider BEFORE Quitting Your Day Job

Rob's BiggerPockets Profile

Grab Brandon's FREE Masterclass

Purchase Brandon Turner’s Best Selling Books

Stay Up-to-Date On Your Favorite Real Estate Podcast

BiggerPockets Podcast 543 with Gino Wickman

BiggerPockets Podcast 584 with Jonathan Greene

BiggerPockets Podcast 264 with Gary Vee

David's Newsletter

Brandon's Newsletter

Invest with Open Door Capital

Books Mentioned in the Show

Tractionby Gino Wickman

Rich Dad Poor Dadby Robert Kiyosaki

The Crisis Comfortby Michael Easter

Long-Distance Real Estate Investingby David Greene

Connect with Brandon

Brandon's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-629

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628: How Being a Quitter Will Make You a Millionaire Jun 28, 2022

Show notes

Before you quit your job, you’ll need to do a few crucial things. If you haven’t done these yet, but are strongly considering leaving your job soon, Henry Washington and Rob Abasolo may advise you to wait it out a bit longer. Quitting your job is a big decision, especially if your family relies on the income that you’re bringing in. The good news is, that if you’re prepared, you can walk away making much more than you did at your W2. But, if you aren't, you could simply be taking a breather in between jobs, instead of building a life you love and ruling your schedule.

Henry and Rob both have eerily similar quitting stories. They both quit during the same month of the same year, making the same salary all while building a real estate investment portfolio in the background. While Henry is more of a multifamily investing man, Rob has taken the short-term rental route to build his wealth. Both men have left the cushy healthcare-provided and retirement-matching lifestyles to build something much bigger not only for themselves but their families and employees.

If you’ve wondered “when should I quit my job” or “is now the right time to go full-time into real estate investing?” then this episode is a prerequisite for you. Henry and Rob go over the four things you need to know BEFORE you quit, things to be aware of as a full-time entrepreneur, how to handle taxes and healthcare, and some actionable tips for when you’re finally ready to take the plunge into full-time investing.

In This Episode We Cover:

Why quitting a high-paying job is probably worth it in the long-run

Spousal approval when quitting and why it’s mandatory before you start doing your own thing

How much should you have in safety reserves when you quit

The “work-life balance” myth and what a day in the life of an entrepreneur really looks like

Changing how you invest after you say goodbye to consistent income

Mapping out potential scenarios so you know what to expect on the other side of employment

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Hear Our Interview with Jason Drees on Exceeding Your Goals

Should You Quit Your 9-5 Job to Become a Full-Time Real Estate Investor?

10 Challenges to Seriously Consider BEFORE Quitting Your Day Job

Rob's BiggerPockets Profile

Henry's Instagram

Henry's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-628

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

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627: Seeing Greene: The Real Estate Winners and Losers Of The Next Recession Jun 26, 2022

Show notes

Everyone has housing market crash predictions. Some media outlets will tell you the sky is falling, real estate is on the edge of a cliff, and the whole world is turning upside down. Meanwhile, investors who made it out alive during the great recession see an oncoming housing correction as an opportunity, not a warning sign. Ever since we saw wild home appreciation in late 2020 and beyond, everyday investors have been asking: when is our time up?

David Greene, real estate investing expert (also agent, author, and podcast host), knows that people will get hurt if an economic crash does happen. But, he also knows that investors who have kept their expenses lean, saved when they could, and taken care of their assets, will probably ride the tide just fine. In this episode of Seeing Greene, David will answer one of the most asked questions: where do we go from here? He’ll also touch on whether or not to give up earnest money in a bad deal, when to replace big systems like an HVAC that is on its last legs, how to calculate ARV, and why adjustable-rate mortgages could spell disaster in 2022.

In This Episode We Cover:

What will happen to real estate if the US economy enters a recession

Whether or not short-term rentals and vacation rentals are at risk

How to calculate ARV (after repair value) and get estimates without breaking the bank

The best exit strategies to have when investing in real estate

How much in emergency reserves should you have when buying a rental

Adjustable-rate mortgages vs. fixed-rate mortgages and which wins in 2022

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Is The Housing Market About to Collapse? What Investors Need to Know

Key Takeaways From the ’08 Recession That Apply Today

The Ultimate Guide to Quickly Estimating a Property’s ARV (After Repair Value)

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-626

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

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626: How “Turnkey” Rentals Can Help You Build Real Estate Riches Faster w/Zach Lemaster Jun 23, 2022

Show notes

Turnkey rental properties have become a fan favorite for rookie real estate investors and investors who don't have enough time to manage their rehabs and rental properties. Turnkey real estate is marketed as a way for real estate investors to buy a rehabbed property, often with tenants and management in place, leaving them with just rent checks to collect. One company, Rent To Retirement, has become one of the most popular places to find turnkey investment properties—and for a good reason.

Behind the helm is Zach Lemaster, former optometrist, and current real estate investor. After going through eight years of school, Zach was left with six figures in student loan debt and a job that required him to be on-site for the majority of his waking hours. Like most new real estate investors, Zach had hit a breaking point and realized he needed something else that could provide him income, without the time commitment.

After shelling out a large sum on a wholesaling course, Zach began using his assignment fee profits and salary from his job to buy rental properties. Every year he would buy more and more rentals, allowing him to finally scale into what he calls “turnkey commercial” (triple net) properties that give him sizable rent checks without any of the management headaches. Zach has a real estate investing path worth repeating, and he explains how he did all of it in this episode.

In This Episode We Cover:

How to use wholesaling to make extra cash to invest in real estate

The dos and don’ts of long-distance real estate investing (don’t make Zach’s mistake)

When to reinvest rental property profits so you can retire even sooner

The biggest challenges you’ll face when building a real estate portfolio

Turnkey rentals and why they’re a great option for busy investors

The importance of a great property manager and how a bad one can ruin your deals

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Mastering Turnkey Real Estate—How to Build a Passive Portfolio

Dave's Instagram

6 Pros & Cons of Investing in Turnkey Properties

The Perfect Blueprint for Scaling Quickly in Real Estate

Subscribe to The Rent to Retirement YouTube Channel

Rent to Retirement

Books Mentioned in the Show

The Millionaire Real Estate Agentby Gary Keller

The E-Mythby Michael Gerber

Connect with Zach:

Zach's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-626

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

625: Live Takes: How to Tackle the Tax Man by Buying More Real Estate Jun 21, 2022

Show notes

Every investor wants to know how to avoid taxes. Many rental property investors get into real estate for this reason alone. And it makes sense—rental property write-offs are not only common in the world of real estate investing but can be very lucrative in almost eliminating your yearly tax burden. So what happens when you feel like you’ve maxed out your real estate tax benefits? Is there a way to pump out even more tax advantages from the same property?

We’re back again with another Live Takes episode, where our hosts, David Greene and Henry Washington, do their best to answer the BiggerPockets community’s investing inquiries. Joining us are four investors each at different stages of their journeys. These investors ask about how to reduce self-employment tax, finding a mentor when you’re brand new to the investing game, what happens when partners disagree on where and what to invest in, and how to maximize depreciation on a cash-flowing property.

Do you have a question you’d love to ask David? 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 jump on a live Q&A and get your question answered on the spot!

In This Episode We Cover:

How real estate professional status can greatly reduce your tax burden (if you qualify)

Why smart investors look at their income before buying their next property

The most valuable thing a new investor can bring to a mentor

How to know when to pivot investing strategies and the bright side of “shiny object syndrome”

What to do when you and an investing partner can’t reach a compromise

Building and buying depreciation so you can keep more of your cash flow

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Understanding Rental Property Depreciation

Dave's Instagram

9 Simple Steps to Finding the Best Real Estate Mentor for You

Henry's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-625

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

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624: Seeing Greene: How to Get Around High Down Payment Requirements Jun 19, 2022

Show notes

You need a 20% down payment to buy a house, right? Most people assume that the standard down payment amount, 20% down, is the acceptable average when buying a rental property or a primary residence. But this isn’t always true, even for real estate investors. Many investors will spend years saving up just a single down payment amount, only to later realize that they could have bought multiple rental properties faster if they would have done less down. So before you put a big chunk of change into your next rental, listen up.

David Greene is back with another episode of Seeing Greene where he takes a multitude of questions from new and small real estate investors. There is an answer for everyone in this episode with topics covering down payment amounts, investing in US real estate while living abroad, new real estate agent tips, how to finance ADUs (accessory dwelling units), and retiring yourself (or your parents) with real estate investing!

In This Episode We Cover:

What type of rental property should you buy as your first real estate deal

How to dominate your market as a brand new agent and meet buyers and sellers

As a foreign investor, how can you get around the 35% down payment requirement

How to finance an ADU to increase cash flow on your rental property

Should you invest with your family if you haven’t done a deal yet?

Buying rental properties without having to save up a 20% down payment

And So Much More!

Links from the Show