BiggerPockets Real Estate Podcast

BiggerPockets Talent Search

BiggerPockets Podcast 366: 40 Doors in the First 2 Years with Henry Washington

ListSource

PropStream - Real Estate Investment Software

David’s BiggerPockets Profile

Live Questions

Click here to check the full show notes: https://www.biggerpockets.com/show573

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572: The Super Repeatable Path to Real Estate Wealth (No Experience Needed!) w/Erika Brown Feb 17, 2022

Show notes

Do you need to be rich to buy a rental property? Arguably, no. In reality, you don’t need a lot of experience, know-how, or cash on hand to buy your first income property. But, you need to at least be resourceful, take advantage of your opportunities, and have the tenacity to follow through on your goals. If you have all those qualities, you may be a great real estate investor, or maybe you’re today’s guest, Erika Brown.

Erika wasn’t raised by real estate investors. No, this was a skill she had to learn completely on her own. In fact, she learned the real estate sales skill without even knowing it! When Erika moved to a new neighborhood in the Atlanta, Georgia area, she was consistently convincing friends to buy properties around her home. She passed these leads along to a local real estate agent until she realized she was casually handing over six figures in commissions.

So, she went ahead and got her real estate license, and later turned a pocket listing into her first real estate investment. From there, she saw a profitable path laid out, all she needed was the partners, lending, and work to actualize it. Now, Erika is sitting on a sizable real estate portfolio, building purposeful and profitable businesses so she can employ members of her community and lead the wealth generation movement in her circle!

In This Episode We Cover:

When part-time agents should make the jump to full-time work (and how to do it)

Quitting the corporate lifestyle to take on more risk as a real estate investor

Cashing out retirement accounts to fund your first (or next) deal

Getting around common real estate roadblocks that lead rookie investors to fail

Having a “purpose-first” business model so you can build wealth and upgrade your community

Why every investor must “do what the wealthy do” to succeed in real estate

And So Much More!

Links from the Show:

BiggerPockets Website

BiggerPockets Podcast

BiggerPockets Live Q&A

BiggerPockets Conference

TEDx Talks: How to Succeed at Doing Anything | David Greene | TEDxRoseville

MLS (Multiple Listing Service)

The Last Dance - A docuseries that chronicles the rise of superstar Michael Jordan and the 1990s Chicago Bulls

Peerspace

Facebook Groups

Check the full show notes here: https://www.biggerpockets.com/show572

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571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal Feb 15, 2022

Show notes

Real estate underwriting isn’t a commonly used term within the residential world. If you’re used to dealing with single-family homes, duplexes, triplexes, or quadplexes, you’ve probably done real estate underwriting to some degree, but you’ve called it “real estate analysis”. In both scenarios, investors are looking at what they’ll make on a deal, how much they need to invest, and what exit strategies they have.

But, in a hot housing market, like we’re in today, by the time you analyze a deal, a deal may already be gone. You need a way to quickly sort deals into the “pursue” or “dump” piles, and Andrew Cushman, expert multifamily investor, may have just the solution for you. Andrew has been on the BiggerPockets podcast before and manages over 2,600 units, so he definitely knows what he’s talking about!

Today, Andrew showcases the phase one underwriting he uses to decide quickly on deals, as well as the four levers to look at before even getting into underwriting. His system can save you hours, or even days, if you’re a full-time investor, and it helps rookie investors quickly analyze deals so they can get into the game. Now, residential owners can transition into commercial real estate with better scale and bigger profits.

In This Episode We Cover:

How Andrew scaled from zero to 2,600 units in only ten years

The basic screening process that allows you to triage your deals and waste less time

Four levers every investor should look at when analyzing a new deal

The six factors of phase one multifamily underwriting and using it to unlock “home runs”

Developing and nurturing broker relationships so you can get off-market deals before your competition

And So Much More!

Links from the Show

BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene

BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman

BiggerPockets Podcast 270: Turning Your Primary Residence Into 40 Units & Financial Independence with Amy Arata

How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman

Hal Elrod's Website

BiggerPockets Calculators

Submit your Question for an upcoming Seeing Greene episode!

CoStar

ESRI

LoopNet

Invest with David Greene

David's Instagram

Check the full show notes here: https://www.biggerpockets.com/show571

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570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale Feb 13, 2022

Show notes

Your rental portfolio can either be your ticket to financial freedom or a massive headache, but it’s completely up to you, the investor, to decide. Many investors who have been stacking up properties over the past few years now realize they’re sitting on a significant amount of equity. But what is the best way to use this equity without raising your stress levels in the process? Should you buy more units or focus on getting better, smaller, cash-flowing deals?

David Greene is here to help alleviate you from the decision-induced stress, as he’s been dealing with these exact types of questions personally and with many of his buyers recently. In this Seeing Greene episode, David takes answers from BiggerPockets listeners both in video and written form, discussing topics ranging from scaling your real estate portfolio, outsourcing “heavy” tasks with a virtual assistant, and whether to cash-out refinance or use a HELOC(home equity line of credit).

David also answers the age-old question of whether or not unit count matters when it comes to cash flow and long-term wealth building. You may be surprised to hear that many investors' “unit counts” don’t accurately reflect the size of their personal holdings. You’ll also get advice on how to find a great real estate agent from one of the top agents in the country!

If you’d like to ask David a question, be sure to submit yours here!

In This Episode We Cover:

How to grow your real estate portfolio in spite of fluctuating market conditions

Using virtual assistants to outsource the repeatable, “heavy” tasks on your plate

When the right time to sell an investment property is (especially with HIGH appreciation)

Transferring a rental property from your LLC into your personal name, and the implications that come with it

The two types of agents and which one you should use for buying investment properties

HELOCs vs cash-out refinances and the specific uses of both

And So Much More!

Links from the Show

BiggerPockets Rental Property Calculator

BiggerPockets Pro Membership

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

Submit Your Questions to David Greene

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/show570

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569: Rich Dad's CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright Feb 10, 2022

Show notes

If you’re asking your CPA how to not pay taxes, this may be the perfect episode for you. In fact, this episode is geared towards anyone making money in real estate, and listening could save you a massive amount in taxes over your lifetime. But isn’t tax reduction only for the ultra-rich? How can the average, everyday investor who has one, two, or a dozen rentals keep more of their capital so they can invest in more deals?

Tom Wheelwright is the exact man to ask this question to. He’s so good at what he does, that he’s been advising Rich Dad Poor Dad’s Robert Kiyosaki for decades. Tom is dedicated to minimizing the tax burden that he and other investors suffer from. If you’ve read Rich Dad Poor Dad, a lot of Tom’s strategy will sound familiar, but in reality, it’s what all intelligent investors are doing.

In today’s episode, Tom walks through the biggest areas where real estate investors can cut their tax bills, how to generate losses through depreciation, building an investment system, and the five steps to eliminating income tax from your real estate deals. If you make money in real estate, no matter how, this is information you can NOT live without.

In This Episode We Cover:

Why rich investors pay fewer taxes than those who are employed or self-employed

Tax incentives vs. loopholes and why one is risky and the other is celebrated

Where investors can look to greatly reduce their taxable income

How real estate debt gives investors far less risk in their deals

Deprecation, recapture, and how real estate gives you a leg up on income tax reduction

Whether or not you should hold a real estate investment in an LLC

And So Much More!

Links from the Show:

BiggerPockets Website

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

BiggerPockets Podcast

Amazon

The CASHFLOW GAME by Robert Kiyosaki

Invest with David Greene

The Real Estate Strategies Podcast with Ken McElroy: QUITTING Your 9-5 for Real Estate Investing (with BiggerPockets' David Greene)

Ken McElroy's Official Website

Robert Kiyosaki's Official Website

Listen to the full episode: https://www.biggerpockets.com/show569

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568: BiggerNews February: Analyst Who Predicted '07 Crash Sees "Yellow Flags" w/ Ivy Zelman Feb 08, 2022

Show notes

The housing market is an evolving beast that almost no one can accurately map. With so many investors on opposite sides of the fence when it comes to housing market crashes and corrections, it’s nice to hear the thoughts of someone who has accurately predicted past crashes. We’re honored to have Ivy Zelman from Zelman & Associates on today to discuss the modern housing market, supply chain shortages, and overbuilding problems.

Zelman accurately predicted the 2007 housing market crash and has been on the front line of analysis and forecasting when it comes to all things housing market-related. She’s seen the data firsthand and has a broad understanding of which factors specifically impact prices, demand, and overall availability. David Greene and Dave Meyer take some time to ask her the top-of-mind questions that investors and first-time homebuyers want answered.

If you’re planning on purchasing real estate in the next year or two, it may be best to get Zelman’s opinion before putting in your offer. She’s seeing multiple “yellow flags” that may signal stark changes within the housing market, either allowing you to scoop up better deals in the near future or at least mitigate loss when buying at these record-high prices.

In This Episode We Cover:

The similarities between the 2007 housing market and today’s housing market

Affordability and how it greatly impacts both buying and selling behavior

The “overbuilding problem” we’re seeing with many multifamily developers

Supply chain problems, labor shortages, and other factors impacting new construction

Who should (and should not) buy real estate over the next couple of years

And So Much More!

Links from the Show

BiggerPockets Jobs

Cradle to Grave by Zelman & Associates

National Association of Realtors (NAR)

Zillow

Listen to the full episode: https://www.biggerpockets.com/show568

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567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties Feb 06, 2022

Show notes

The 1% rule, HELOCs, BRRRRs, cash-out refinances, and cash flow are all topics on this episode of Seeing Greene. As always, you’ll be joined by our jiu-jitsu loving, metaphor-creating, top-tier agent and investor, David Greene as he takes questions submitted via video, on YouTube, and through the BiggerPockets forums. With so many new investors getting into real estate, there is no better time than now to sit down, relax, and get into the mind of an expert.

If you’re a rookie figuring out how to get financing for your first real estate deal or a veteran investor debating cash flow vs. appreciation and the usability of the 1% rule, be sure to stick around. David touches on all these topics and more as he dives deep into some of the most asked questions around the real estate community.

You’ll hear about out-of-state investing, the best real estate investment for cash flow, the implications of partnering with a romantic partner, ADUs (attached dwelling units), and how to get around the dreaded six-month seasoning period of cash-out refinances. If you’d like to ask David a question, be sure to submit yours here!

In This Episode We Cover:

Securing financing when you don’t have any deals under your belt

Whether to use a cash-out refinance or HELOC (home equity line of credit) on your next BRRRR

Whether or not triple net lease properties are worth investing in and the risks

Why David changed his stance on cash flow vs. appreciation over the past few years

Whether or not the 1% rule is still viable for modern real estate investors

How to get around the six-month seasoning period of refinances

And So Much More!

Links from the Show

BiggerPockets Talent Search

BiggerPockets Rental Property Calculator

BiggerPockets Pro Membership

Submit Your Questions to David Greene

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?

David Greene Team

Click here to check the full show notes: https://www.biggerpockets.com/show567

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566: 10 Properties in 8 Months by Saying “No” More Than “Yes” w/Jason Rash Feb 03, 2022

Show notes

How many rental properties do you own? It could be one or one hundred rentals. But, whether you’re a rookie or veteran real estate investor, it’s hard to not be impressed by Jason Rash’s story. Jason has put off investing in real estate for most of his working life, focusing more on passive income streams like investing in stocks. This all changed when Jason saw tens of thousands in stock value disappear from his accounts.

He wanted something more reliable, stable, and calculated that he could control. Of course, real estate investing fits that criteria exactly. So what did Jason do? Did he go and buy one rental, wait a few years, and then try to buy another? Nope. Jason went and bought ten properties over the span of eight months. That more than one property a month within his first year of investing!

Be warned, there is a method to this madness. Jason has a tight control on his long-distance investing, having only the best agents, property managers, plumbers, electricians, and contractors on speed dial. This wasn’t a system he fell into, this was a system he intentionally built. Jason shares his six-part criteria that any new investor can use, especially when trying to minimize headaches and maximize cash flow.

In This Episode We Cover:

The huge competitive advantage of having local knowledge and a core four

Lowering your property management fee while creating a win-win for both parties

Seller credits and using them to finance house repairs and upgrades

Fighting off “shiny object syndrome” so you can stay focused on your goal

Jason’s six-step criteria to buy headache-free houses when investing from a distance

Building a scalable, repeatable, simple system for finding, funding, and closing on great deals

And So Much More!

Links from the Show:

BPCON2021

Zillow

TEDx Talks: How to Succeed at Doing Anything | David Greene | TEDxRoseville

David Greenes's Instagram

BiggerPockets Website

Grant Cardone's Website

Check the full show notes here: https://www.biggerpockets.com/show566

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565: How to Take the Fear Out of Investing in New (or Bigger) Deals w/Bestselling Author Kindra Hall Feb 01, 2022

Show notes

Analysis paralysis is always lurking. Even the most experienced investors feel it before they pull the trigger on a new deal, business, or strategy. It’s not to say that careful consideration of an investment isn’t a crucial requirement to success, but the mental stuttering we feel when trying to make a decision can leave us in a foggy stupor. When we feel like this, we do fewer deals, build less wealth, and live our lives half full.

Kindra Hall, bestselling author, master storyteller, and real estate investor knows this feeling all too well. She watched her husband struggle with analysis paralysis during the mass foreclosures of the great recession. Thankfully, she and her husband took the time to catch, analyze, choose, and install a better outlook, or story, for their investing future. This type of mental mechanism allowed Kindra and her husband to grow their real estate holdings and buy the beach house of their dreams.

In today’s episode, Kindra outlines the four steps every investor needs to go through to create better mental stories that will push you to the finish line, instead of keeping you in investing anxiety. If you’re still waiting to purchase your first investment property, we recommend taking this advice to heart, trying it out, and taking action!

In This Episode We Cover:

The stories we outwardly and inwardly tell ourselves that could hurt our success

How to crush hesitation so you can make the right decision faster

Shrinking limiting beliefs about what we can and can’t do

The four-step process to redesigning your story and installing a new one

How Kindra got a $1M+ beach house for well under asking price

And So Much More!

Links from the Show

BiggerPockets Jobs

Holmes on Homes (TV Series)

Craigslist

Amazon

Barnes and Noble

Robert's Youtube Channel

Check the full show notes here: https://www.biggerpockets.com/show565

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564: Difficult Tenants, Taking on Investors, & Leaving a Safe Job for Real Estate | Q&A w/Rob Abasolo Jan 30, 2022

Show notes

Bad tenants? Funding hiccups? Scaling too fast? These are just some of the problems real estate investors have to deal with every day. What’s the prize for all this work? Financial freedom, personal fulfillment, and the time to do what you want, with who you want, wherever you want! It’s no surprise that real estate investing is one of the best ways for the average person to build wealth. But what do you do when things go wrong?

Expert investor, agent, lender, and podcast host, David Greene, is joined by short-term rental pioneer and YouTube personality, Rob Abasolo, to answer questions from rookie and veteran investors. These questions are thrown at our experienced hosts without any prep, allowing them to come up with quick solutions that could answer a question you’ve been wishing someone would ask.

David and Rob touch on topics that almost every investor will deal with, such as: how to take on private money for the first time, creative ways to fund your rehab, tips for setting up a short-term rental, when to quit your job and pursue real estate full-time, and how to get rid of headache tenants.

In This Episode We Cover:

Should you own real estate in an LLC or in your personal name?

How to legally (and ethically) raise private capital for real estate deals

The best ways to fund a rehab, especially when you’re low on cash

The biggest mistake that short-term rental hosts make when setting up their first rental

Valuing your time vs. money and when to quit your W2

Inheriting tenants and what to do when renters won’t pay on time (or at all)

And So Much More!

Links from the Show