BiggerPockets Real Estate Podcast

Invest in Turnkey Properties with REI Nation

Grab “The Intention Journal”

How to Build a Real Estate Portfolio & Quickly Scale Your Investments

Connect with Benjamin

(00:00) Intro

(00:48) Got a High-Stress Job?

(02:30) The “Accidental” Landlord

(03:54) Becoming Work-OPTIONAL

(10:22) Equity Over Cash Flow

(14:31) Multifamily and BIG Syndication Mistakes

(23:55) A Really Crappy Problem

(27:30) Finding (and Vetting) Partners

(30:35) WAY Bigger Deals

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1045

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BiggerNews: How Much of a Return Should Your Investment Property Produce? Nov 15, 2024

Show notes

What makes a “good” real estate deal in 2025 and beyond? How much of a return should your investment property be producing? Are real estate returns good enough in this tough housing market to beat out other performing assets like stocks? Today, we’re sharing our exact investing criteria, defining what makes a “good” real estate deal to us, and how you can use key indicators to identify deals worth the effort.

We’re breaking this episode into a few parts as we touch on the primary types of investment properties: long-term rentals, short-term rentals, and house flips. Garrett Brown is our resident vacation rental expert and shares how he’s routinely getting twenty percent (or greater) returns by reinvesting in his short-term rentals. Next, familiar face James Dainard discusses the unbelievable house-flipping returns he nets, but are they worth the risk?

Finally, Dave shares the metric he goes after when investing in long-term, low-risk rental properties. Plus, we’ll share when it’s a better use of your money to reinvest in your current properties vs. going out and buying new ones!

In This Episode We Cover:

What makes a “good” real estate deal in 2025 and beyond

The massive return James is making with house flipping (and the HUGE risks he takes)

Garrett’s unique short-term rentals pulling in twenty percent (or higher!) average returns

IRR (internal rate of return) explained and why everyone should calculate this when investing

When to buy more properties vs. reinvest back into your performing portfolio

And So Much More!

Links from the Show

Get a Quote on Your Next Short-Term Rental Loan with Host Financial

Calculate IRR with Dave’s Book, “Real Estate by the Numbers”

Property Manager Finder

What's a "Good" Deal in Real Estate? 5 Criteria to Consider

Connect with Garrett

Connect with James

(00:00) Intro

(00:51) What's a "Good" Return?

(06:21) IRR (Internal Rate of Return) Explained

(07:59) What Makes a "Good" STR Deal?

(11:14) Flipping Houses (High Risk/Reward)

(16:43) Long-Term Rentals (Low Risk)

(23:17) When to Reinvest vs. Buy More

(29:23) Do This NOW!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1044

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The Massive Opportunity of Overlooked On-Market Deals Nov 13, 2024

Show notes

Today, we’re talking about the easiest way to find profitable rental properties in 2024 (and 2025!). It’s not through cold calling homeowners, sending mailers, networking with wholesalers, or doing any other “off-market” strategy. It’s so easy that even real estate investing beginners will have no trouble finding deals. What are we talking about? On-market, MLS (multiple listing service) properties for sale.

You might think, “But everything on the market is overpriced; there are NO good deals left!” That’s where you’re wrong, and today’s guest proves it. Dan Nelson has been buying on-market investment properties for two decades now, and he’s built an entire portfolio doing so (even in recent years). Dan knows there’s a time and place for off-market deals, but he has found so many hidden opportunities on the market that he keeps returning to buy.

During this episode, Dan shows YOU precisely what to look for when browsing listing websites for rental properties or potential house flips. He shares the hidden opportunities most investors miss and why you should NOT be focused on properties that make money from day one. Instead, he walks through his simple strategy to create serious cash flow only a couple of years after purchasing properties most investors overlook.

In This Episode We Cover:

Why (for the most part) off-market deals are NOT great for beginners

The reason Dan doesn’t care about “day one cash flow” when buying rentals

Signs that you should offer a lower price on a potential rental property

Why you should always look for on-market deals BEFORE deciding on a market

When it’s time to start buying off-market deals (Beginners should avoid this)

And So Much More!

Links from the Show

BiggerPockets Rental Property Calculator

BiggerPockets Real Estate Rent Estimator

Grab Dave’s Newest Book, “Start with Strategy”

Top 10 Real Estate Markets for Cash Flow in 2024

Connect with Dan

(00:00) Intro

(02:16) Why Buy On-Market Deals

(03:26) On-Market vs. Off-Market Explained

(06:57) HUGE On-Market Opportunity

(13:24) Buy at Asking Price?

(15:19) The Cash Flow Secret

(19:13) Where Does This Strategy Work?

(25:47) Where Does This Strategy Work?

(31:59) When to Look Off-Market?

(32:55) Buy Your FIRST Rental!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1043

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5 Rentals and 4 Flips WITHOUT Needing a W2! Nov 11, 2024

Show notes

Clay White has done the seemingly impossible. He’s bought five rental properties, completed multiple flips, and done it all in the past fifteen months with high mortgage rates. To make it more impressive, he did it WITHOUT a W2 job at just twenty-three years old! So what sets Clay apart from ninety-nine percent of other investors? As you’ll hear in today’s episode, he went through an almost comical amount of failures, but how he solved them makes him an elite investor.

If you think you missed the boat on real estate investing, Clay proves that you couldn’t be more wrong. He not only built an entire rental portfolio in one of the most challenging times to invest but did it with no consistent income, no experience, and in a market you’ve probably never heard of.

If you can follow Clay’s advice, mimic his ingenuity and tenacity for problem-solving, and are willing to put up with small failures to achieve massive success, you, too, will be able to build serious wealth, no matter your timeline, no matter your age, and no matter your job.

In This Episode We Cover:

How to invest in real estate even if you’ve got little money (and no job!)

Returning a house after you bought it (yes, you can do this!)

Why bringing in a partner is an excellent idea for your first real estate investment

Clay’s straightforward solution when you can’t find the right licensed contractor

Cash-out refinances vs. HELOCs and when to use each to pull out equity

Why you should always overestimate your home renovation costs

And So Much More!

Links from the Show

Learn How to Flip Houses with “The House Flipping Framework”

Find Investor-Friendly Lenders

The Rookie’s Step-by-Step Guide to Home Renovation Projects

Connect with Clay

(00:00) Intro

(01:04) Refusing To Get a 9-5

(04:23) Buying (and Returning!) a House

(07:58) Home Run Second Deal

(12:54) Rebuilding a Duplex

(16:52) Using Equity to Flip a House

(26:38) Final Flip Numbers

(27:49) A Flip Goes Wrong…Again

(31:04) Financing Deals

(33:13) Buying Even MORE

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1042

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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How to Invest in Real Estate in 2025 (with NO Experience) Nov 08, 2024

Show notes

So you want to start investing in real estate but have ZERO experience. What should you do? The good news is that even if you don’t know how to invest in real estate, you can get started relatively quickly, especially if you avoid the common rookie mistakes. To help you jump over the investing hurdles, instead of running right into them, Dave brought on Tony Robinson, top short-term rental investor, and Henry Washington, repeat co-host and long-term rental investor, to share exactly what they’d do if they were starting from scratch in 2025.

Both Henry and Tony have scaled very fast. They own seven-figure real estate portfolios producing hundreds of thousands in rent yearly. But neither of them has been investing for more than ten years. How did they scale their real estate portfolios so quickly? They learned from their mistakes FAST and are teaching you the same lessons on today’s show.

In this episode, we’re going through the beginner steps you should take to build a real estate portfolio starting in 2025. We’ll discuss whether you should buy long-term or short-term rentals, how to choose a market to invest in, knowing how much you can afford, the many ways to find real estate deals, and the one thing Henry and Tony WISHED they had done earlier. Ready to start investing in 2025? This is your quick guide!

In This Episode We Cover:

Best beginner real estate investments and whether you should buy or build your first rental

What to do when you don’t have tons of money to invest and how to calculate your buying power

How to find real estate deals even if you’re low on time or money

The one thing Henry and Tony advise every rookie real estate investor to start doing NOW

Emergency reserves and why you must keep cash on you when you start investing

And So Much More!

Links from the Show

Real Estate Rookie Podcast

On the Market Podcast

Get a Quote on Your Next Short-Term Rental Loan with Host Financial

Start from Scratch with “The Book on Rental Property Investing”

Real Estate Investing For Beginners: How To Get Started

Connect with Tony

(00:00) Intro

(01:01) Best Starter Investments

(03:08) Short-Term Rentals

(08:42) 1. Choose a Market

(10:04) Long-Term Rentals

(14:42) 2. Know Your Buying Power

(18:39) 3. Finding Real Estate Deals

(24:21) 4. Document EVERYTHING

(28:39) 5. Start a “Reinvestment” Fund

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1041

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Can You Still Find On-Market, Cash Flowing Rentals in 2024? (We Found Some) Nov 06, 2024

Show notes

Can you invest in real estate with just $75,000? And not only invest but can you find cash-flowing rentals in solid markets with long-term profit potential without spending six figures? Yes, to both. Today, we’re proving it’s more than possible because we’re finding on-market rental properties for sale that can be bought, renovated, and rented with a $75,000 (or less) investment. These are LIVE deals, meaning you could make an offer on them right after this podcast airs (seriously!).

To help us out, Dave asked fellow investors Ashley Kehr and Henry Washington to bring a deal to the show that:

1. Has an all-in cost of $75,000 or less

2. Is on-market (on the MLS)

3. Isn’t a house hack (you don’t have to live in the property).

Dave found his own deal and brought it along, too. So today, we’re sharing three actual deals in three solid real estate markets, all that you can invest in with $75,000 or less.

We found rental properties that not only cash flow hundreds of dollars a month but come close to (or beat) the 1% rule, AND one is already renovated, meaning you just need to find renters, and you’re already making money. Don’t let the naysayers fool you—this is PROOF you can find good rental properties even in 2024.

In This Episode We Cover:

How to invest $75,000 in real estate if you want cash-flowing rental properties

Three distinct real estate markets that all offer below-average rental property prices

How much to keep in cash reserves for your first investment property

“Value-add” potential you can spot that’ll help you boost equity in your property

The one cost that you really need to check before you buy in a new market

Key indicators that point to a real estate market growing (or slowing)

And So Much More!

Links from the Show

Invest in Turnkey Properties with REI Nation

Grab Henry’s New Book, “Real Estate Deal Maker”

Top 10 Real Estate Markets for Cash Flow in 2024

Connect with Ashley

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1040

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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The Hidden Opportunity of Property “Rezoning” Making This Investor Wealthy Nov 04, 2024

Show notes

Is property “rezoning” the trick to making much more money in real estate? Our guest is using zoning laws to his favor by finding areas with hidden potential but NO space left to build. He then changes the zoning, builds new homes, and sells them FAST (and often over-asking price) to the local buyers waiting in line for inventory to arrive. You can do it, too, but you’ll need some beginner information before you start.

Since 2016, Stuart Udis has been building homes in areas most investors overlook. The average investor sees an area with growing demand but realizes that they can’t build a home because a piece of land may NOT allow residential units, so they give up. Stuart instead gets both the city AND the local residents on his side, having all parties favor a zoning change, helping him be the only investor to build on that once-overlooked piece of land.

So how do YOU do this, too? In this episode, Stuart walks through how he finds hidden opportunities in often-overlooked neighborhoods, the groups you’ll have to meet with before you try to change the zoning, and the types of units he’s building that give him the highest return on his money.

In This Episode We Cover:

Why “rezoning” property might be one of the most overlooked investing strategies

The big cash flow mistake that Stuart made earlier on in his investing career

The #1 reason you must look into school districts BEFORE buying in an area

Getting approval for rezoning from the city and the neighbors you MUST get on your side

How to tell exactly what a buyer/renter will want BEFORE you rezone/build

And So Much More!

Links from the Show

Grab Henry’s New Book, “Real Estate Deal Maker”

Grab Dave’s Newest Book, “Start with Strategy”

Can You Build Wealth by Rezoning Your Property? Yes! Here’s How

Connect with Stuart

(00:00) Intro

(01:20) Buying $50K Houses!

(05:06) BIG Cash Flow Mistake

(09:05) Finding a Hidden Opportunity

(13:45) Changing “Zoning” to Meet Demand

(20:36) Getting Zoning Approval

(24:57) What Buyers/Renters Want

(26:37) Buying, Building, and Renovating Rentals

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1039

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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10 Things We Hate About Real Estate Investing Nov 01, 2024

Show notes

Real estate investing is great…sometimes. Other times, it’s NOT fun to be a real estate investor. While the pros, like financial freedom, generational wealth, and passive income definitely outweigh the cons, there are times when real estate investing makes you sit back and think, “Wow, I’m not having fun right now.” So we’re here to vent some of our biggest frustrations about the real estate industry, and if you’re an investor, landlord, house flipper, or property manager, you’ll probably relate.

These are the things that grind our gears the MOST. Now we’re not saying to ditch rental properties and real estate investing because of these downsides. Despite all these investment property pains, we still believe real estate is the best asset class for investing. But you will be hit with the headaches that we go through if you decide to invest.

The good news? We will give you actionable tips to avoid the worst of these throughout the episode. If you’re brand new to real estate investing or are thinking of buying your first property, this is advice you need to hear before you begin so you can make the most money with the least amount of stress.

In This Episode We Cover:

Why you really (really) don’t need to become an agent just to invest in real estate

Getting blinded by “exit strategies” and how it’ll cost you in the long run

How Henry learned to work with contractors so he doesn’t get scammed or ghosted

Why we’re begging you to stop doing “virtual staging” when selling a house

Etiquette for agents writing property descriptions (stop saying everything is “cozy”)

How to improve your relationship with your tenants so you both can enjoy your lives

And So Much More!

Links from the Show

Grab Henry’s New Book, “Real Estate Deal Maker”

Property Manager Finder

How to Work With Contractors and Manage a Job Site as a Flipping Newbie

(00:00) Intro

(00:41) 1. Becoming an Agent Just to Invest

(04:58) 2. Bad/Slow Communication

(07:30) 3. Being Blinded by Exit Strategies

(12:30) 4. Unrealistic Expectations

(17:03) 5. Working with Contractors

(23:22) 6. Agent Property Descriptions

(25:07) 7. Virtual Staging

(30:47) 8. SO. MUCH. PAPERWORK.

(33:19) 9. Shady Wholesalers

(37:36) 10. Tenants vs. Landlords

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1038

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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The Housing Market is Changing (Deals Are Coming in Winter) Oct 30, 2024

Show notes

Discounted real estate deals could be coming THIS winter as the housing market begins to “thaw.” Today, Dave is flying solo, bringing you a housing market update on all the crucial factors real estate investors are looking at—home prices, mortgage rates, housing supply, and rent prices. Even with home sales falling by a massive margin, home prices are still at all-time highs, and the housing market is “stuck,” but we could see some sellers taking price cuts this winter if you’re willing to take advantage.

Okay, but how can home prices still be THIS high when the total home sales are twenty percent lower than average and around fifty percent under the recent highs? It’s simple—affordability struggles. High rates, high prices, and “locked-in” homeowners staying in place keep the market frozen. So, why does Dave believe sellers will be more inclined to drop their prices this winter? Where does he believe interest rates will be by the end of the year? And what’s the one thing that could get the housing market “unstuck”?

In This Episode We Cover:

Why Dave believes real estate deals are coming THIS winter

Mortgage rate predictions and how low rates could go by the end of this year

Whether to buy now or wait for affordability to improve, prices to drop, and rates to fall

Why home prices are still rising EVEN with homebuyer demand plummeting

The MASSIVE drop in home sales since the pandemic boom and why prices have remained high

And So Much More!

Links from the Show

Nearly A Quarter of Prospective First-Time Homebuyers are Holding Off Until After the Election: Redfin Survey

Grab Dave’s Book, “Real Estate by the Numbers”

The Fed Finally Cuts Rates, but Will It Even Matter?

(00:00) Intro

(00:50) Home Prices Are Changing

(04:57) The Deals Are Coming

(06:05) MASSIVE Decline in Home Sales

(11:12) So…Why Are Prices High?

(16:19) Mortgage Rate Forecast

(18:14) Buy Now or Wait?

(19:17) Rents Still Struggling

(21:56) Winter Opportunity

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1037

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Building a Rental Portfolio WHILE Working W2s by “Recycling" Their Money Oct 28, 2024

Show notes

These two college teammates built a sizable real estate portfolio in just three years by using what they call the “delayed BRRRR strategy.” They’ve used this specific real estate investing tactic (and the regular BRRRR strategy) to turn one duplex into more than a dozen rental properties for their portfolio. They didn’t start with a ton of money and only got into investing together in 2021 when housing competition was high, and rates were soon to rise sharply. So, how does their strategy work, and how can YOU use it to buy more rental properties?

In this episode, these innovative investors, Joe Escamilla and Sam Farman, talk about why it’s CRUCIAL to have great real estate investing partners and how choosing the right one can be the rocket fuel you need to build a financial freedom-enabling rental property portfolio. They share the new “BRRRR” strategy (buy, rehab, rent, refinance, repeat) they’re using to get steady real estate cash flow AND boost their equity at the same time.

We’ll also talk about raising private capital and creating your own real estate syndication so you can buy more real estate using other people’s money and pass along the returns to your investors. Joe and Sam have built a real estate portfolio most investors can only dream of achieving, and they did it all in only three years, during high rates, and while working full-time jobs. Stick around to hear how you can do it, too!

In This Episode We Cover:

The new-and-improved “BRRRR” strategy that lets you “recycle” your money

Signs of a perfect real estate partner and why getting this right is CRUCIAL for growth

Cash-out refinancing to reinvest in real estate and grow your portfolio faster

Why you DON’T want to sit on the sidelines while rates are high and competition is low

Syndications and how to raise money for your next real estate deal

And So Much More!

Links from the Show