BiggerPockets Real Estate Podcast

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Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-613

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612: Seeing Greene: Is a Headache Seller Worth Losing a Deal Over? May 22, 2022

Show notes

Cash flow and appreciation are at opposite ends of the investing spectrum. One will fuel your current lifestyle while the other will slowly, silently build your long-term wealth. The cash flow vs. appreciation debate has gotten even stronger this year as home prices continue to rise and cash flow prospects dwindle in formerly stable markets. Is there a way to still get the benefits of long-term growth while also taking home a sizeable rent check?

If there’s one man to ask, it’s your host, David Greene, who’s joining us for another episode of Seeing Greene. David knows a thing or two about buying for different purposes, in different market conditions, with different exit strategies. He’s not only asked about how to do this on today’s episode, he’s also asked questions like who should be on the mortgage when buying a rental with a partner, whether to sell or refi a rental, what to do when your DTI (debt-to-income) ratio is too high, dealing with difficult sellers, and how to get comfortable with being uncomfortable.

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, orfollow 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

How to split title and mortgage costs when investing with a spouse or partner

Whether to focus on one market or several markets with different benefits in each

When to sell or refi a rental property (especially if interest rates are rising)

How to purchase your next primary residence AFTER you’ve quit your W2 for real estate

Dealing with difficult sellers and how to “convince” them to accept your offer

Why being uncomfortable when investing is a sure sign of growth

And So Much More!

Links from the Show

BiggerPockets Money Podcast

Real Estate Rookie Podcast

Ask David Your Real Estate Investing Question

How to Use a HELOC to Buy Real Estate

How to Embrace the Uncertainty of Change & Make Your First Deal

Cash Flow vs. Appreciation—What Experienced Investors Know That You Don’t

Work with The One Brokerage For Your Next Mortgage

Book Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Connect with David:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-612

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611: Using a "Miserable" Job to Fuel a Fast-Growing Flipping Portfolio w/Jason Pritchard May 19, 2022

Show notes

House flippingis a very potent form of investing. After just one fix and flip, many investors find themselves hooked, leaving their stable jobs for the profit (and rush) or finishing another flip. This happened quickly to Jason Pritchard, flipper and rental property investor in central California. Jason was working at a sales job he hated and after watching one of the many famous HGTV flipping shows, thought, “Hey, I could do that!”

He gave it a try, using his life savings and retirement funds available to him. It was a success, so he decided to scale up. One flip grew to a few, and now, Jason's team does over seventy-five flips and wholesale deals per year! This incredible volume didn’t happen overnight—it took Jason seven years to go from W2 worker to one of the best flippers in the state! And it’s not just flipping Jason is after. He’s been able to grow a massive rental property portfolio, some eighty-three units, at the same time!

You’re probably wondering how Jason did this so fast. Worry not, as he details every step from how he finds leads, builds a team, pays the taxman, and even compensates employees. If you’re trying to get your foot into the flipping door, Jason’s story should inspire you to do almost exactly what he did.

In This Episode We Cover

Using the skills from your job and translating them to make real estate riches

Building a business and the most important step most flippers/wholesalers skip

Funding your flips and why paying taxes might be a good thing when it comes to financing

How to find employees that will grow with your business, even if you feel like you “can’t” hire just yet

Private money lenders and using them to scale your business even bigger

And So Much More!

Links from the Show

Invest in David and Rob’s Next Property

BiggerPockets Money Podcast

Real Estate Rookie Podcast

Airbnb

How to Flip a House & Make a Profit

How to Build a Highly Effective Real Estate Team

How I Find Private Money Lenders to 100% Fund My Deals

Books Mentioned in the Show:

The Go-Giverby Bob BUrg

Think and Grow Rich by Napoleon Hill

Connect with David:

Rob's BiggerPockets Profile

Connect with Rob:

Connect with Jason:

Jason's Instagram

Jason's Facebook

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-611

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610: Live Takes: The 5,000 Mile Away BRRRR (REALLY Long-Distance Investing) May 17, 2022

Show notes

Building a house vs. buying a house—which makes more sense for today’s investor? With home prices rising faster than many of us have ever seen before, more and more real estate investors are asking whether or not building their rentals is a smarter idea. And who can blame them? Building a rental property can seem like a great way to minimize acquisition costs, but this is only true in certain circumstances, which many investors just won’t fit into.

Welcome to Live Takes where Henry Washington, investor and On The Marketguest host, joins David Greene for a live real estate Q&A. David and Henry invite four investors onto the show today to talk about each of their passive income predicaments. These topics include buying vs. building a home, how to get out of a bad BRRRR, whether or not it’s too late in life to invest in real estate, and how to invest out-of-country.

Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene or Live Takes. 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

Buying vs. building rental properties and which decision makes sense for which investor

What to do when you go over budget on a rehab, flip, or BRRRR investment

How to invest and scale a real estate portfolio when getting started later in life

Whether to invest long-distance or stick it out in your local market

Mitigating riskand keeping your cash flow rolling when stuck in a bad deal

How to finance land purchases and using a backwards BRRRR method to do so

And So Much More!

Links from the Show

BiggerPockets Money Podcast

Real Estate Rookie Podcast

5 Ways to Avoid Going Over Your Flipping Budget

Is it Better to Build New or Renovate Existing Homes as an Investor?

David Greene | BiggerPockets

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-610

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609: Seeing Greene: Gift Funds, Crash Indicators, and Problems with Partnerships May 15, 2022

Show notes

Why can’t I use gift funds on my down payment? What are the common housing market crash indicators that real estate investors should look out for? And why does David only invest with the short-term rental king, Rob Abasolo? If you’re joining us today for this episode of Seeing Greene, you’ll hear answers to all these questions and more!

David takes some time out of his day to sit down and answer arguably the most hard-hitting, specific questions we’ve had to date on an episode of Seeing Greene. These questions include how to find synergy between your career and your investing goals, how to not cross the line when working with multiple agents, the best ways to purchase real estate with no (or low) money down, and why David rarely partners up on real estate deals.

Some of these questions may hit home for you, as most of today’s guests are either rookie real estate investors or young professionals looking to get their start in investing.

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 to "explode" as a real estate investor working full-time in a related field

Working with multiple agents in a market without crossing the client-exclusivity line

Purchasing small multifamily deals with no and low money down

How to get around the “gift funds” rule for rental property mortgages

The telltale signs that lenders are seeing a housing crash on the horizon

The problem with real estate partnerships and how to prepare to be in one

And So Much More!

Links from the Show

Submit Your Questions to David Greene

Work with David as a Loan Officer

Real Estate Rookie Podcast 73: Partnerships—What to Do Before You Jump in With Another Investor

Get Your Ticket for BPCon 2022

Books Mentioned in the Show:

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

SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business by David Greene

The Millionaire Real Estate Agent by Gary Keller with Dave Jenks and Papasan

Connect with David:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-609

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608: The “Golden Trio” Every Real Estate Investor MUST Have to Truly Profit First w/David Richter May 12, 2022

Show notes

The Profit First system was revolutionary when introduced by Mike Michalowicz. In simple terms, Profit First allowed small business owners to take home bigger paychecks, reinvest in their business, and scale with ease, oftentimes while doing even less. The age-old adage of “do more work, make more money” was turned on its head by simple accounting practices. In reality, the business owners who were doing the most work were making the least, while business owners who truly knew their numbers worked less, made more, and had more money to invest.

After reading Profit First, David Richter knew that this same system could be applied to real estate investing. David grew a rental portfolio himself by learning from a local mentor. This mentor had a growing team, a scaling business, but was making less and less with every deal done. As David investigated more real estate investors’ businesses, he found that this wasn’t an isolated case. Most investors were making low wages, working far more than at the jobs they had quit, and had inflated businesses, to say the least.

With some simple accounting practices, which David describes in this episode, real estate investors can turn their business into Profit First powerhouses using very simple steps. If you’ve been feeling burnout from a barrage of deals, but aren’t seeing the profit you’ve worked so hard for, you’ll want to pick up David’s new book, Profit First for Real Estate Investing!

In This Episode We Cover

The Profit First formula and why most real estate investors calculate profit all wrong

The biggest mistake that real estate rookies make when starting their businesses

Why more deals doesn’t automatically equal more money in real estate

The rockstar team member that can make or break your business

The “golden trio” of accounts that every investor should have set up

Redefining the “pay yourself first” method of making money

And So Much More!

Links from the Show

Invest in David and Rob’s Next Property

David’s Free Giveaway for BiggerPockets Listeners

Our Interview with “Profit First” Author, Mike Michalowicz

Books Mentioned in the Show:

Profit First for Real Estate Investing by David Richter

Lifeonaire by Steve Cook

Rich Dad Poor Dad by Robert Kiyosaki

Profit First by Mike Michalowicz

The Road Less Stupid by Keith J. Cunningham

The Book on Rental Property Investing by Brandon Turner

The Book on Managing Rental Properties by Brandon Turner

Connect with David:

Rob’s BiggerPockets Profile

Connect with Rob:

Connect with David Richter:

Simple CFO Solutions

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-608

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607: Multifamily Q&A: How to Start, Scale, and Succeed in Apartment Investing w/Andrew Cushman May 10, 2022

Show notes

Is multifamily real estate investing as complicated as investors make it out to be? If you’re Andrew Cushman of Vantage Point Acquisitions, you’d probably argue that although multifamily has a bit more complexity than single-family rentals, it’s still, by all means, profitable for the everyday investor.

In the early 2000s, Andrew didn’t know anything about pro formas, apartment underwriting, or the best type of mulch to use on large-scale landscaping. Now, more than a decade later, Andrew has been able to lead his team in acquiring, syndicating, and repositioning over 2,500 multifamily units. He’s here with David Greene to answer live questions surrounding anything and everything related to multifamily investing. He gives stellar takes on the current state of the market, how rising interest rates will affect multifamily investing over the next few years, and the best way to increase your ROI (return on investment) on a multifamily acquisition.

You don’t need to be a large-scale apartment investor to take away some golden nuggets from this episode. Even if you’ve never thought of investing in multifamily, Andrew frames multifamily in a way that’ll have you wondering, “could I buy that apartment down the street?”

In This Episode We Cover

The five most important factors to understand when looking at a multifamily deal

Multifamily debt and equity, plus how they dramatically differ from single family rentals

How to use pro forma calculations when underwriting a deal and protecting yourself from overinflated profit numbers

Whether or not today’s rising interest rates will cause a sell-off of multifamily properties

The easiest improvements that will dramatically boost your ROI on a multifamily property

What rookie investors get wrong about finding good deals in today’s market

And So Much More!

Links from the Show

Submit Your Questions to David Greene

The 3 Cs to Achieving Success as an Investor

GoBundance

BiggerPockets Podcast 170: The Journey From Flipping Houses To Owning 1470 Units

BiggerPockets Podcast 279: How to Find Overlooked Opportunities in a Hot Market

BiggerPockets Podcast 586: The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals

BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal

Book Mentioned in the Show:

Raising Private Capital by Matt Faircloth

Connect with David:

Andrew’s BiggerPockets Profile

Connect with Andrew:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-607

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606: Seeing Greene: The “Base Hit” Rental Properties That Will Make You Rich May 08, 2022

Show notes

If you’re looking to buy rental properties, build a real estate portfolio, and level up your wealth?—you’re in the right place. But, as the housing market stays red hot, it can be a struggle for both new and old investors to know where to look for their next cash flow or appreciation play. Do you stick with on-market properties that may be easier to come by but with serious competition, or do you go the off-market property route and look for distressed, yet overlooked properties.

Get answers to this question (and many more) on this episode of Seeing Greene, with your host, David Greene. As always, David takes questions from you, the listeners, to answer some 2022-specific and age-old questions about rental property investing and real estate as a whole. Topics of today’s show include classics like buying new construction vs. an existing rental property, how to invest within your retirement accounts, on-market deals vs. off-market deals, and why certain properties stay on the MLS for so long.

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:

Buying for appreciation vs. cash flow in today’s fiercely competitive housing market

How to invest in real estate even if you’re well into retirement

The three main reasons that a property will sit on the MLS for months

When to quit your job and go full-time into real estate investing (and how to set yourself up for a successful departure)

The 1031 exchange and how it works to defer taxes for rental property investors

Using built-up equity to invest in more cash flow and higher appreciation

And So Much More!

Links from the Show

Submit Your Questions to David Greene

BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks

BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors

Seeing Greene: Questions from BiggerPockets’ Best and Brightest (Episode 600!)

Seeing Greene: Should You Pay Off Debt or Invest in Real Estate?

Seeing Greene: FHA Loans, Cash Flow Shrinkage, & Bidding $200k Over Asking

10 Actionable Steps Anyone Can Follow to Buy a Rental Property