BiggerPockets Real Estate Podcast

Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder

DavidGreene Team

Keller Williams Realty

Redfin

David's BiggerPockets Profile

David's Youtube Channel

Rob's Tiktok

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-583

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

582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking Mar 13, 2022

Show notes

Should I invest now or wait? How do I set up my children for financial success? What do top agents do to stand out in the market? These are all questions of real estate investors, agents, and onlookers who wait to see what’s next in the 2022 housing market. With so much uncertainty around us and an environment of intense competition, it can be a struggle to know what move is the right one or whether or not to sit out of the game entirely.

Well, if you’re looking for a top agent, investor, and podcaster with a very shiny head, you’ve come to the right place. David Greene is back with another fan-favorite episode of the Seeing Greene series as he takes questions directly from BiggerPockets listeners and commenters on YouTube.

In this week’s seeing Greene, you’ll hear David go granular into commonly asked questions and topics like: how to finance a rental without W2 income, what to do when a home is zoned incorrectly, investing in expensive markets like Hawaii, asset protection for real estate investors, and why cash flow isn’t the most important metric when house hacking.

Want to ask David a question? Submit your video here!

In This Episode We Cover:

The exact way David provides value to his residential and investor clients

Buying your child a rental property and the logistics that go with it

What to do with a rental property that was zoned incorrectly

Investing in vacation rental markets like Hawaii and why they’re different than regular markets

Whether to invest now or wait until the market has more cash-flowing deals

The best way to protect your assets as a new real estate investor

Why house hacking is the best way to get your start in real estate investing (even in expensive markets)

And So Much More!

Links from the Show

BiggerPockets Rent Estimator

BiggerPockets Pro Membership

BiggerPockets Bookstore

Submit Your Questions to David Greene

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

BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?

BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?

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

David Greene Team

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-582

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

581: The Hidden Passive Income Source in Your Own Backyard w/That ADU Guy Mar 10, 2022

Show notes

What do you think of when we say ADU (accessory dwelling unit)? If you’re like most homeowners, you probably think of a back house, a mother-in-law suite, or a converted art studio. But what if you don’t have a home that comes with a pre-fitted accessory dwelling unit? What if you don’t want to put in the money (or time) to build one out. Are you left with any options, or are your ADU dreams dead in the dust?

If you’ve wanted to start building passive income streams through your primary residence, then we’ve got good news for you. With us today is Derek Sherrell, also known as “That ADU Guy”, precisely because he is THE person you want to talk to when it comes to accessory dwelling units on your property. Derek knows his stuff, consulting dozens of homeowners on how an ADU would fit into their property and how much passive income they could make as a result.

And it’s not just about building some other structure in your backyard. You can convert attics, basements, garages, and even portions of your house into accessory dwelling units. Not only does this allow you to save on the cost of new construction, but it also gives you another option to build wealth, pay down your mortgage, or simply profit from a rarely used portion of your home.

In This Episode We Cover:

The exact criteria homeowners should look for in potential ADU-friendly properties

Attached vs. detached ADUs and the benefits (and cash flow difference) of both

The four main challenges when building, financing, or strategizing an ADU

What to look for in existing ADU structures, whether it’s a garage, back house, or basement

How to become an ADU expert quickly (and for free) with simple city zoning information

And So Much More!

Links from the Show:

BiggerPockets Agent Finder

Warren Buffet Forbes profile

Dave Ramsey website

Joe Asamoah's BiggerPockets profile

GC Real Estate

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-581

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

580: BiggerNews March: How a Surge of Foreclosures Will Impact the Housing Market w/Auction.com’s Daren Blomquist Mar 08, 2022

Show notes

The word “foreclosure” is forever stained in the minds of almost every American who lived through the great recession. News stories in 2010 would talk about the slew of families that had been foreclosed on, with big banks taking back property from a significant number of former homeowners. Fast forward twelve years and many real estate investing fortunes have been made on the backs of foreclosure sales. Is this chance coming back once again in 2022?

Joined with us today for this month’s BiggerNews is the David Greene and Dave Meyer duo plus special guest, Daren Blomquist, VP of Market Economics at Auction.com. Daren knows the foreclosure market inside and out, spending his days studying and analyzing housing market data. With the newest “surge” in foreclosures, Daren is here to quell the mind of investors who are either hoping for (or dreading) another foreclosure crisis.

Back in early 2020, the US government imposed a foreclosure moratorium and a nationwide forbearance program, allowing citizens to hang on to their homes a little longer. As the economy shifts back into gear, and the moratorium ending, will we see a surge in foreclosures? Or, has price appreciation gifted so many homeowners with equity that foreclosures aren’t even on the horizon? Whatever the answer is, Daren can help you, the investor, plan for your next money-making move.

In This Episode We Cover:

Announcing who the new BiggerPockets Podcast host is!

The mass migration of homebuyers out of their local metros and into new surroundings

Zillow’s newest “SuperApp” that plans to replace realtors

How the 2010 foreclosure crisis compares to today and what would bring a new wave of foreclosures

Why foreclosures are up a whopping 97% as we head into 2022

Investing in foreclosures and how to score deals before they hit the market

And So Much More!

Links from the Show

BiggerPockets Real Estate Podcast on Apple Podcast

Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder

BiggerPockets Podcast 353: Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode

Realtor.com

Dave Meyer's Real Estate News

Dave Meyer's Instagram

David's Instagram

Henry's Instagram

Rob's Instagram

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-580

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

579: The Secret Sauce Behind Short-Term Rental Success (Part 2) w/Rob Abasolo Mar 06, 2022

Show notes

You can build wealth with short-term rental investing quite easily. All you need is a great location, a solid property, a good strategy, some phenomenal cleaners…wait maybe it isn't all that easy. But it’s certainly doable if you’re willing to put in the time, effort, and work to make your vacation rental stand out from the rest. This is exactly what investorsDavid Greene and Rob Abasolo are doing with their current partnership—buying luxury homes and turning them into once-in-a-lifetime getaways for wealthy vacationers.

But maybe you’re not ready to drop a few million on a multifamily mansion. Even so, you can still make a phenomenal return in the short-term rental space, you just need to know how to do so. Back in episode 578, David and Rob walked through the first three steps in their short-term rental success strategy. Steps like finding a short-term rental market, choosing your location, and defining your strategy.

In this part two episode, David and Rob walk through the more granular steps to getting your vacation rental up and running. Steps like what property type works best for which investors, understanding your timeline so you can build wealth while obtaining financial freedom, and divvying up work between you and your partners (or investors). Follow all five (six) steps in this episode, and you’ll be on your way to cashing in the profits from your vacation venture!

In This Episode We Cover:

The four main types of short-term rental properties and the benefits of each

How to mitigate your investing fears so you and your partners can move with confidence

Understanding not only your cash flow goals, but your long-term equity goals as well

Laying out clear roles and responsibilities for each partner in the investment

How to cautiously bring in outside investors on your vacation rental deals

And So Much More!

Links from the Show

BiggerPockets Rent Estimator

BiggerPockets Talent Search

BiggerPockets Rental Property Calculator

BiggerPockets Pro Membership

Airbnb

BiggerPockets Events

AirDNA

Invest With David Greene

BiggerPockets Podcast 578: The Secret Sauce Behind Short-Term Rental Success (Part 1) w/Rob Abasolo

Robuilt YouTube Channel: This is exactly how much your property will make on Airbnb

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-show-579

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

578: The Secret Sauce Behind Short-Term Rental Success (Part 1) w/Rob Abasolo Mar 03, 2022

Show notes

Short-term rentals have taken the world by storm. Over the past two decades, the bed and breakfast type business has fallen prey to the more scalable short-term rental model. Real estate investors quickly realized that they could capitalize on the long-term equity gain of rental properties with the cash flow of hotels in one highly-lucrative asset class. Thus, the rise of the short-term rental, VRBO, and Airbnb investor was born.

Arguably the most notable short-term rental investor in the space today is good friend of the show, Rob Abasolo. Rob is such a pioneer in the short-term rental investing area, that veteran agent, broker, and investor David Greene, has partnered up with him to collectively build their cash-flowing, equity-increasing empire together. With dozens of deals under both of their belts, Rob and David walk through the five steps that it takes to find success in the short-term rental space.

This episode is split up into two sections, with the latter coming out right after this one. In this show, Rob dives deep into finding a short-term rental market that fits your needs and goals, choosing a location that specifically benefits you as the investor, the different types of short-term rentals, and how to build a vacation rental strategy that will match your goals for financial independence. Whether you’re thinking of buying a snowy chateau or a desert domicile, Rob and David will help you put the pieces together so you can build a strong portfolio that will benefit you for decades to come.

In This Episode We Cover:

Choosing a short-term rental market and what aspects to look for

Cash flow vs. appreciation and which matters more when it comes to STR investing

The four types of short-term rental markets and which have the best chance of success

Seasonality and factoring it into your revenue and profit calculations

The risks of investing in vacation rental markets and how to scale your portfolio faster

And So Much More!

Links from the Show:

Brian Chesky's Linkedn profile

Airbnb

Julian (San Diego, California) town profile

Eureka Springs City (Arkansas) profile

Waco City (Texas) profile

Chip and Joanna Gaines HGTV profile

Copperopolis Town (Calaveras County, California) profile

AirDNA

Destin City (Florida) profile

Gatlinburg City (Tennessee) profile

Great Smoky Mountains

Robuilt YouTube Channel: HOW MUCH MONEY MY TINY HOUSES MAKE and why Airbnb is the best way to make passive income

Redfin

Robuilt YouTube Channel: This is exactly how much your property will make on Airbnb

Check the full show notes here: https://biggerpockets.com/blog/biggerpockets-podcast-578

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

577: Cutting Your Tax Bill, Investing in Different Markets, & "Investor Pressure" | Coaching Calls Mar 01, 2022

Show notes

Should you invest in multiple real estate markets? How can real estate investors lower their tax burden? And, how do you handle all the pressure and stress that comes with success? These are just a few of the questions that live listeners asked top real estate agent, investor, and BiggerPockets Podcast host, David Greene. As per usual, David uses this coaching call as a way to answer questions from rookies and experienced investors, without any preparation.

You’ll get to hear firsthand how David answers questions like how to find your real estate tax expert, should you focus on one market or expand into multiple, what are the best real estate books to develop an “investor mindset”, and how do 1099 workers find financing? Regardless of the stage of real estate investing you’re in, all of these questions can help you develop your investing muscle so you can crush bigger deals and keep more of your hard-earned profit.

Have you heard of a real estate investing topic that you want David to go into more detail about? Is there a specific question you want answered by an industry expert? If so, be sure to follow David on Instagram (@davidgreene24) to see whenever he goes live for a Q&A session. Or record your question and submit it here!

In This Episode We Cover:

Accelerated depreciation and using it to substantially lower your tax bill

Finding a real-estate specific CPA that allows you to do more with your current portfolio

The pros and cons of investing in different markets and the strategies for each

Developing your investor mindset and having the courage to act when opportunities present themselves

Dealing with the pressure and stress that comes with investing and leading teams

How to finance real estate investments without having W2 income

And So Much More!

Links from the Show

BiggerPockets Calculators

Submit your Question for an upcoming Seeing Greene episode!

Biggerpockets Pro Membership

David Greene's Real Estate Team

BiggerPockets Ask your Questions Live

BiggerPockets Podcast

Biggerpockets Youtube Channel

Brandon's BiggerPockets Profile

The Dark Knight Rises

BiggerPockets Money Podcast

Blackstone

BiggerPockets Real Estate Podcast on iTunes

David's One Brokerage

Check the full show notes here: https://biggerpockets.com/show577

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

576: Short-Term Rental Roundup: Small Markets, Partnerships, & When to Go “All In” | Q&A w/Rob Abasolo Feb 27, 2022

Show notes

The short-term rental market seems to get bigger and bigger every day. This should come as no surprise, seeing that short-term rentals not only work for vacationers, traveling business people, or anyone else who wants a nice, unique place to stay. But, while the rest of the world is focusing on which mountainside chateau they’re booking for their weekend getaway, real estate investors worldwide are figuring out how they can buy, rehab, furnish, and profit from these vacation rental ventures.

With so much competition in the market, it begs the question: is the short-term rental space becoming oversaturated?And, if it is, how can investors get on the ground floor of sleepy markets that will explode in popularity over the next decade or so? Of course, with questions like these, we need our short-term rental and wave-hair-styling expert, Rob Abasolo at the side of Sir BRRRR himself, David Greene.

In this Q&A episode, David and Rob will discuss a handful of topics, mostly centered around short-term and vacation rentals. Topics like: how to mix a long-term rental and short-term rental in one property, how to market outside of the top short-term rental platforms, can you convert a regular rental into a vacation rental, and the pros and cons of real estate partnerships.

In This Episode We Cover:

Buying mixed-use properties so you can combine long and short-term rental advantages

Whether or not the short-term rental market is starting to see saturation

How to adjust cleaning fees to optimize your booking rate

Converting a long-term rental into a short-term rental (and the time it takes to do so)

What to do when you can’t find comps (comparable rents) in your area?

The pros and cons of real estate partnerships and what to do before you join forces

And So Much More!

Links from the Show

BiggerPockets Rent Estimator

BiggerPockets Talent Search

BiggerPockets Rental Property Calculator

BiggerPockets Pro Membership

Airbnb

VRBO

Airdna Rentalizer

BiggerPockets Podcast 453: Live Q&A with Brandon and David: Risk, Partnerships, Inspiration and Opportunity of Real Estate

Julian Gonda's Instagram

Join us for our Q&A Shows and ask your question

Invest With David Greene

David Greene Team

David’s Instagram

David’s BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/show576

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

575: Killer Cash Flow with This “Tenant-First” Section 8 Rental Strategy w/Joe Asamoah Feb 24, 2022

Show notes

Section 8 BRRRR investing seems like a niche within a niche. To start, you have your classic BRRRR strategy (buy, rehab, rent, refinance repeat), a method that many real estate investors have used to gain vast amounts of equity in short amounts of time. Then, on top of the BRRRR, you have section 8 rentals, which many investors stray away from. Both of these investment strategies can be thought of as “advanced” rental property investing methods, but combining them can almost automatically guarantee you phenomenal rent, for years (if not decades) to come.

One investor known for his expertise in both section 8 rentals and BRRRR investing is Dr. Joe Asamoah. Regularly, Dr. Joe may be the smartest person in the room and he really shines when speaking about the often forgotten benefits of section 8 rentals. While many investors simply think of D-class houses and D-class tenants when accepting section 8 vouchers, Dr. Joe disagrees.

His theory is simple—Find C or D-class properties in B-class neighborhoods, and rent to A-class section 8 tenants. The payoff? Very long-term tenants with guaranteed rent whose lives you can benefit directly. And Dr. Joe isn't just hypothesizing about this—he’s been doing this for decades and may be why he has tenants who have stayed with him for over twenty years, paying rent every month, on time.

In This Episode We Cover:

Before and after photos of Dr. Joe’s most recent section 8 BRRRR rental

Renovation hiccups when doing large renovations/BRRRR deals

The “bedroom-to-cash-flow” ratio that makes section 8 a lucrative choice for investors

How to find the highest quality, long-term tenants in your investing area

Building multiple exit strategies out of one property for maximum cash flow and equity gain

The most common BRRRR risks and how to mitigate appraisal and tenant headaches

And So Much More!

Links from the Show:

BiggerPockets YouTube Channel

BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah

BiggerPockets Podcast 498: Real Deal: BRRRR Deep Dive w/ Joe Asamoah (Pt 1)

AffordableHousing.com (formerly GoSection8.com)

Craigslist

David Greene's Instagram David

David Greene Real Estate YouTube Channel

Robert Abasolo's Instagram

Robert Abasolo's Robuilt YouTube Channel

Robert Abasolo's TikTok

Check the full show notes here: https://biggerpockets.com/show575

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

574: Rising Rates, Rentals vs. Primary Residences, and Common Crash Indicators | Coaching Calls Feb 22, 2022

Show notes

If a housing bubble is on the horizon, how best do real estate investors prepare for the massive hit they’re about to take? With so much money flowing throughout the economy, home prices hitting record highs, and competition staying fierce, what can the average investor do to stock up so when a housing market crash does happen, they’re ready to make big moves? David Greene, may have an answer.

Although many people see David as a real estate fortune teller, he, unfortunately does not bring his crystal ball (unless you count his shiny bald head) onto today’s coaching call episode. Lucky for us, he does bring over a decade worth of knowledge from investing in many different phases of the real estate cycle. David is thrown questions from live guests today, without any preparation or information besides his own knowledge.

Topics on today’s show range from when to buy a primary residence vs. buying a rental property, outsourcing your tasks so you can grow your portfolio, what will happen when interest rates rise this year, housing bubble indicators, and finding honest contractors. If you’re looking to invest in real estate, whether this year or within the next decade, David’s thoughts on surviving and thriving in a housing crash could make you much, much wealthier!

In This Episode We Cover:

Whether to pay rent and buy a rental property or buy your first primary residence

Bridge loans and raising private capital from investors in your network

Enforcing the principles of Who Not How to grow your business faster and smarter

Avoiding the housing market hysteria that many investors are facing today

The leading indicators of a housing market crash (and how to see them before others do)

How to avoid untrustworthy contractors and keep the quality ones around

And So Much More!

Links from the Show