BiggerPockets Real Estate Podcast

BiggerPockets Bootcamps

Submit Your Questions to David Greene

The U.S. Census Bureau

CNN Money

Yahoo Finance

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

BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals

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

David Greene Meetups

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-603

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

602: Why The “Right Way” to Buy Rentals is Wrong Apr 28, 2022

Show notes

If you want to invest in real estate, you’re probably taking a safe, slow approach to building a rental property portfolio. As a real estate rookie, people tell you that the safest way to invest is to get good at one thing while keeping a distance from doing deals outside your comfort zone. While this type of advice isn’t wrong for everyone, it may miss the mark for some.

Investors like Marjorie Patton have found ways to dramatically diversify themselves in the world of real estate, without their losing shirts. Marjorie is the head of sales for a financial technology firm by day and a real estate investor, house hacker, flipper, and private money lender by night. With some rather unexpected renovation costs on her first property (and with no safety reserve), Marjorie was forced to learn real estate investing on the fly.

Fast forward to today, Marjorie has a seven-door portfolio in the expensive Denver, Colorado area. She’s grown quickly and has seen healthy profits, but has no need to quit her W2. Instead, she’s going to creatively parlay any deal that comes across her desk so she can build wealth while continuing to work somewhere she loves.

In This Episode We Cover:

Why diversifying in real estate isn’t such a bad idea, plus how to prepare to do different deals

Using the concepts you know in everyday life to build a real estate portfolio

The benefits of being “scared” when doing deals and building confidence through mistakes

When the right time to quit your W2 is and why you don’t have to succumb to the “financial freedom” pressures

Flipping homes, lending private money, and investing in deals with partners

House hacking an expensive property while keeping your cost of living low

And So Much More!

Links from the Show:

BiggerPockets Website

BiggerPockets On The Market Podcast

BiggerPockets Podcast #467: #1 NYT Bestselling Author Adam Grant on the Need to “Think Again”

Ebay

MLS (Multiple Listing Service)

Mike Tyson's Official Website

Steve Jobs' Wikipedia Page

Steve Wozniak's Wikipedia Page

Malcolm Gladwell's Official Website

Warby Parker Website

Rocky Mountain Women Invest Meetup

Airbnb

Redfin

HBO’s Billions

Mark Ferguson's Wikipedia Page

Rob’s TikTok Profile

Rob’s Instagram

Rob’s Youtube Channel

Rob's Twitter

David’s Instagram

David’s Tiktok Profile

David's Business Website

Connect with Marjorie:

Marjorie's Instagram

Denver Women Investor Meetup Instagram

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-602

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

601: Why Hitting Your “Goals” Isn’t Enough & Where 95% of Investors Unknowingly Fail Apr 26, 2022

Show notes

What makes a millionaire mindset? Everyone knows what it takes to become successful: hard work, grit, tenacity, and (usually) some form of intelligence. But with so many people (real estate investors specifically) working hard, day in and day out, why aren’t we seeing a plethora of unbelievably successful individuals? It turns out, the problem isn’t within the system of building wealth, but the individual.

Jason Drees, mindset coach and author of Do the Impossible, has seen numerous individuals come to him confused, doubtful, and wanting to do more. Within a matter of years or even months, these individuals poised on success attain things that would take most people many lifetimes. So what’s the difference between a massively successful investor and a moderately successful one?

In today’s show, Jason breaks down the alchemy behind building a business, a life you love, and massive wealth. He even takes a break to coach David and Rob on their future business plans, uncovering some roadblocks and new paths that they never even knew existed. If you’ve been stuck in analysis paralysis, or simply have a goal to get to fast, this is the episode to not only listen to but take notes and review so you can grow as well.

In This Episode We Cover:

Why 95% of real estate investors aren’t aiming high enough (and how it’s hurting them)

Evolving your mindset after hitting a goal, no matter how small

Hitting unknown goals and looking for accomplishments that excite you

Using your emotion to navigate success and listening to your internal guidance

Walking the path to greatness instead of settling for success

How to “Frame” your goals, plus a live example with David and Rob

And So Much More!

Links from the Show

Tony Robbins Life Coaching

Biggerpockets Bookstore

Brandon's Instagram

Tony Robbins's Website

The David Greene Team's TikTok Profile

Rob's Instagram

Rob's TikTok Profile

Connect with Jason:

Jason's Company Website

Jason's Instagram

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-601

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

600: Seeing Greene: Questions from BiggerPockets' Best and Brightest (Episode 600!) Apr 24, 2022

Show notes

Welcome episode 600 of the BiggerPockets Real Estate Podcast! Whether you’re a first-time listener or a David Greene addict, we’re happy to have you here. In today’s episode of Seeing Greene, David takes questions from some of the biggest names in the real estate investing space, including fan favorites like Ed Mylett, David Osborn, and even…Brandon Turner (he’s back!)

While this show features some high-level investors, the questions still apply to everyday investors. David answers questions ranging from how to find work-life balance, what to do to get your offer accepted in today’s hot market, how to balance skill with ambition, and where to start when hiring employees for your real estate investing business. Even if you’ve yet to buy your first rental property, advice like this could slingshot your wealth-building journey farther than you knew you could go!

Thanks again to all our celebrity guests for sending in their questions! Heard a question that resonated with you? Want to hear David’s thoughts on a certain topic? 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 with the man himself.

In This Episode We Cover:

How to start (and stay) performing at your best so you can accomplish your goals

What the David Greene team is doing to win bidding wars in today’s hot housing market

The best metric to look at when deciding whether or not to buy a property

How to maintain work-life balance when working, running your business, and investing

Tips for hiring employees that can help you build your real estate portfolio

The three biggest leadership tips when running a team (or teams!)

David’s dream Chipotle order and how to ensure your burrito isn’t soggy

And So Much More!

Links from the Show

BiggerPockets Bootcamps

Submit Your Questions to David Greene

What Michael Jordan and Kobe Taught Tim Grover about “Winning”

Investing and Landing Great Deals at Auctions with David Osborn and Aaron Amuchastegui

From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn

Gobundance

You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses

40 Doors in the First 2 Years with Henry Washington

Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode

BiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason

The 7 Tips @investorgirlbritt Used to Go from Amateur to Pro Investor

Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan

Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan

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

BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals

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

David Greene Meetups

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-600

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

599: The Investing “Cheat Code” of Opportunity Zone Rentals Apr 21, 2022

Show notes

Opportunity zone investing hasn’t always been around for real estate investors to take advantage of. But as the government began upping the incentives around this type of real estate investing, more tax-savvy investors started to pay attention. You may have heard of opportunity zones before, but you probably don’t know how much of a heavy hitter they are in the realm of tax reduction.

Someone who does know about opportunity zone investing is King Malaki Sims—CPA and avid real estate investor. He’s been buying and building homes in opportunity zones for years and makes the case that this type of investing truly is the best real estate “cheat code” out there. Through his simple strategy, Malaki has been able to not only defer taxes but in some cases, eliminate them entirely, just through simple, smart real estate investing.

Malaki shares how even a novice real estate investor can find, fund, finish, and furnish an opportunity zone rental property all while keeping Uncle Sam away from their hard-earned profits. If you want to build wealth without having to worry about 1031-ing your properties, Malaki is the man to listen to.

In This Episode We Cover:

Opportunity zones explained and how new investors can start investing in them

Where to find opportunity zones in your local area (no matter where you live!)

Funding opportunity zone investments with little to no money down

The biggest opportunity zone myths that scare away investors far too early

Depreciation, bonus depreciation, and tax-deferral strategies you can take advantage of

How crypto, stock, and other investors can invest in real estate tax-free

And So Much More!

Links from the Show:

BiggerPockets Website

BiggerPockets Podcast Episode 569: Rich Dad’s CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright

Robert Kiyosaki's Official Website

Donald Trump's Official Website

California Opportunity Zone Website

Cryptocurrency

Rob’s TikTok Profile

Rob’s Instagram

Rob’s Youtube Channel

David’s Instagram

David’s Tiktok Profile

Connect with King Malaki:

King Malaki's Instagram

King Malaki's Clubhouse

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-599

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

598: How to "Invest on Repeat" with The BRRRR Strategy Apr 19, 2022

Show notes

The BRRRR method can be taught by no one better than David Greene, author of Buy, Rehab, Rent, Refinance, Repeat, and adorably dubbed “Sir BRRRR” by co-host Rob Abasolo. While David may be a master of BRRRR budgets, schedules, and rehabs, Rob isn’t as familiar with doing full-on buy, rehab, rent, refinance, and repeat rentals. To not only help out Rob but the BiggerPockets audience as a whole, David does a full walkthrough on his latest BRRRR.

This hillside property situated in David’s native San Francisco Bay Area has huge potential to become a cash-flowing, equity-increasing deal. David is turning this large home into multiple smaller units that will rent out to A-class tenants and should net him a six-figure equity boost simply by doing these cash-flow-first renovations.

David walks through exactly how to find BRRRR properties, telltale signs of a good (or bad) BRRRR deal, how to use the BiggerPockets BRRRR calculator, funding options for your BRRRR (from David's broker!), writing up a contractor scope of work (SOW), and how to build cash flow when there isn’t any to be found. You’ll also hear how David had a surprise run-in with the cops when walking this property. Action, excitement, and lots of equity are all coming up in this episode!

In This Episode We Cover:

The first signs that a property may be a great BRRRR deal

Using the BiggerPockets BRRRR calculator to evaluate deals and raise private capital

Financing options you have when funding (and rehabbing) a BRRRR

Contractor bids and BRRRR budgets (even if you don’t have rehab experience)

Before photos and David’s exact conversion plan to turn a single property into a cash-flowing multifamily

The huge wealth-building benefits of getting creative when finding value-add real estate

And So Much More!

Links from the Show

BiggerPockets Calculators

Biggerpockets.com Pro Upgrade Code: REPOD21

BiggerPockets Conference and Events

Zillow

Realtor.com

Rentometer

The 1 Brokerage

Building Your “Passive Income Blueprint” Using the Right Real Estate Agent w/ Johnny Hoang

Books Mentioned in the Show:

Buy, Rehab, Rent, Refinance, Repeat by David Greene

The Book on Estimating Rehab Costs by J Scott

Connect with Rob:

Rob's TikTok Profile

Rob's Instagram

Connect with David:

David's Tiktok Profile

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-598

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

597: Seeing Greene: Should You Pay Off Debt or Invest in Real Estate? Apr 17, 2022

Show notes

Should you pay off debt or invest in real estate? Whether you’re young or old, rich or poor, in consumer debt or student debt, this is a question that almost everyone has. With inflation hitting decade-long heights, debt seems to be worth less and less every day. But, the other side to this coin is that asset prices, including real estate, are going up. Is there a right move to make, or are we stuck treading water without enough financial traction to stick to?

Hear answers to this question (and many more) on this week’s Seeing Greene, with your favorite host, agent, investor, and mortgage magician, David Greene. In this episode, you’ll hear topics touched on like whether to house hack or buy cash-flowing rentals, what to expect (and not expect) from your real estate agent, how to reduce (and account for) property taxes, how inflation and interest rates will affect the housing market and the best piece of advice David would give new real estate investors.

Heard a question that resonated with you? Want to hear David’s thoughts on a certain topic? 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 real-time answers!

In This Episode We Cover:

How inflation can positively affect your debt payoff and using your momentum to buy real estate

House hacking in expensive areas vs. buying short-term rentals that cash flow

How David’s real estate team sets up clients and investors for success

Finding the right property manager that will handle your portfolio’s headaches

Whether buying new construction or an existing home has better long-term ROI

How to claim rental income (including house hack income) so you can increase your financeability

And So Much More!

Links from the Show

BiggerPockets Bootcamps

Submit Your Questions to David Greene

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

BiggerPockets Podcast 570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale

BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking

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

BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals

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

David Greene Meetups

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-597

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

596: The 3 Ways to Find Profitable Properties that Big Investors Won’t Touch w/Amanda Cruise Apr 14, 2022

Show notes

Mobile home park investing wasn’t very attractive until a few years ago. Thanks to big names in the mobile home park space (like BiggerPockets’ own Brandon Turner), the mobile home investing game has become one of the hottest commodities in the world of real estate investing. But it must take a huge jump to go from investing in single-family rentals to double-digit-unit parks, right?

Today’s guest, Amanda Cruise, is here to tell you that bigger doesn’t always mean more challenging. She actually got out of single-family rental investing due to the non-stop headaches of dealing with contractors, property managers, and tenant maintenance problems. She started doing “Lonnie Deals” where she would seller-finance mobile homes to local buyers. Soon, after enough success, she moved on to tackling entire mobile home parks!

But how did Amanda beat out the competition when the mobile home park space is so hot? Thankfully, Amanda shares her three top tips on getting around institutional investors so you can purchase cash-flowing mobile home parks, without the headaches of syndicating or raising vast amounts of capital.

In This Episode We Cover:

“Lonnie Deals” and seller financing mobile homes for profit

Why changing title on a mobile home is far easier than on a traditional home

Finding motivated sellers and how to slide under the radar of institutional investors

Scaling your team and the “must-have” roles when buying mobile home parks

The not-so-secret way to get a list of mobile home park owners in your area

The true “value-add” opportunities to look for in a mobile home park

And So Much More!

Links from the Show:

Sarah Weaver's Website

David Greene's Real Estate YouTube Channel

Rob's TikTok Profile

Rob's Instagram

BiggerPockets Podcast 563: W2 Retired and Traveling the World with Just 15 Units w/Sarah Weaver

Robuilt YouTube Channel: Why I’m buying a $3,250,000 Airbnb in Arizona

Brandon Turner's Instagram

Mobile Home Park Investing Course by Amanda Cruise

Connect with Amanda:

Freebies from Amanda's Company Website

Amanda's Instagram

Check the full show notes here: https://biggerpockets.com/blog/real-estate-596

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

595: How to “Layer” Legal Protection So Lawsuits Won’t Touch Your Wealth w/Brian T. Bradley, Esq. Apr 12, 2022

Show notes

Most investors assume LLCs for rental properties are the way to go in terms of asset protection. From a novice’s point of view, LLCs seem to provide everything you would need?—anonymity, simple tax filing statuses, and legal protection. But, an LLC in reality isn’t as airtight as most real estate investors think. And the worst time to learn about the limitations of an LLC is during a lawsuit, where your wealth (and sanity) is at risk.

To stop you from guessing when it comes to asset protection, we’ve brought on our go-to expert and heavy hitter asset protection lawyer, Brian T. Bradley, Esq. Not only is Brian well versed in the realm of asset protection, but he’s also helped numerous clients protect their real estate wealth, making him the perfect person to ask about LLCs, limited partnerships, trusts, and more.

Brian walks through the different types of legal “layering” that real estate investors can set up to protect themselves from lawsuits and angry creditors. He defines exactly how each type of real estate investor should set up their assets as their net worth expands, and what to do BEFORE you get served with a lawsuit. While Brian may not know your personal situation, he does speak with years of experience serving high-net-worth investor clients and can relay their mistakes (so you don’t make them too).

In This Episode We Cover:

What is asset protection and why is it crucial for real estate investors in particular

The “layers” of legal protection that real estate investors must have

What an LLC really protects you from and why it may be different than what you think

“Piercing the veil” and why most investors need to go a step beyond LLCs

Limited partnerships and trusts that give you the best asset protection

Financing hiccups when keeping your rental properties in trusts

And So Much More!

Links from the Show

Biggerpockets Agent Finder

On the Market Podcast

Biggerpockets Blogs

Real Estate Rookie Podcast

Rookie Podcast 106: Asset Protection for Rookies: 7 Wealth-Saving Answers from an Expert

David's Tiktok Profile

Connect with Brian:

Brian's Company Website

Email Brian: brian@btblegal.com

Check the full show notes here: https://biggerpockets.com/blog/real-estate-595

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

594: BiggerPockets Podcast 594: Seeing Greene: FHA Loans, Cash Flow Shrinkage, & Bidding $200k Over Asking Apr 10, 2022

Show notes

Inflation and cash flow have been fighting against each other for decades. As soon as you increase the rent on an income property, inflation comes right in to eat some of that gain. So in today’s borderline hyperinflationary environment, is cash flow still coming out on top? A better question to ask may be, what happens in five, ten, or twenty years? Will inflation completely erode your financial freedom dreams? Or will cash flow match (or beat) this destructive force.

This isn’t just a question that impacts real estate investors—it affects almost every individual working within today’s economy. In today’s episode of Seeing Greene, David goes deep into this question (and others) so you, the investors, can have a better understanding of our economy as a whole. You’ll also hear topics like whether or not you can transfer title on an FHA loan, what to do when bidding wars push prices well above market comparables, when to cosign and when to ask for a cosigner, and what every investor in their twenties should start doing today.

Heard a topic that you wanted more explanation on? Want to ask David a question you’ve never heard before? 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:

How spending power changes the way investors calculate cash flow

Transferring title from your personal name into an LLC with an FHA loan

How to know a house is “worth it” and what to look for in a loan officer

Cosigning for a relative to house hack and staying up-to-code with owner-occupied loans

Pivoting markets from a cash flow market to an appreciation market

David’s advice to every young, aspiring real estate investor

And So Much More!

Links from the Show