BiggerPockets Real Estate Podcast

Learn Creative Finance with “Wealth without Cash”

See Dave at BPCON2024 in Cancun and Email conference@biggerpockets.com For a Chance to Dine with Dave!

Creative Financing: How To Use It In Real Estate

(00:00) Intro

(01:47) Data by Day, Deals at Night

(05:51) Moving and Remote Management

(11:07) Making 2x His Mortgage

(17:15) Building the Team

(20:38) Creative Solutions with HUGE Returns

(29:16) Low Money Down Strategies

(30:11) Next-Level Seller Financing

(34:25) Creative Finance Risks

(37:41) Long-Term Vision

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1015

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BiggerNews: 2024's Cheaper, Better, Cash-Flowing "Sleeper” Investment Sep 06, 2024

Show notes

Are new construction homes a good investment right now? Well, that depends. If you want a lower price for a property in a better condition, with a lower mortgage rate and the ability to charge more rent, then new construction homes are what you need. This “sleeper” investment is now cheaper to buy than a regular rental property, but since it’s a new build, it comes with a fraction of the headaches and repairs than most “used” homes. So if they’re cheaper, better, and make you more money, why isn’t everyone buying a new home?

Kathy Fettke has been investing in new construction homes for decades. At first, it was just a way for her to have a more passive real estate portfolio. But now, she knows she can make much more with new homes than buying existing rentals. Since so much of her portfolio is new builds, we brought her to the show to share why this investment may be the best on the market.

We’ll get into new construction pricing and why new homes are CHEAPER than existing homes but offer better amenities, safer structures, and often much lower insurance prices. Next, how to get a rock-bottom mortgage rate by negotiating with builders (we’re talking three or four percent interest rates!). Plus, Kathy shares precisely how to ensure you’re buying a new home in the path of progress so you can rake in appreciation.

In This Episode We Cover:

Why new construction rental properties may be one of the best investments of 2024

Saving serious money on your mortgage with rate buydowns paid for by the developers

Why new construction home prices are CHEAPER than existing home prices in 2024

Buying in the “path of progress” to ensure your home value keeps growing

Factoring in appreciation into your next deal and whether you should account for it at all

And So Much More!

Links from the Show

Pre-Order Kathy’s New Book “Scaling Smart”

See Dave and Kathy at BPCON2024 in Cancun!

We’re in a Home Construction Golden Age—Here’s How Investors Would Benefit From Building

On the Market Podcast

Connect with Kathy

(00:00) Intro

(02:03) Buying New Homes at a Distance

(06:42) The “Path of Progress”

(11:11) New Homes vs. Build-to-Rent

(19:25) Get a Lower Mortgage Rate

(24:14) Where (Not) to Buy

(30:10) Forecasting Appreciation

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1014

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Real Estate Risk: How to Dodge It, When to Take It, and Using It to Build Wealth Sep 04, 2024

Show notes

Real estate risk can make you wealthy or cause your portfolio to come crashing down. Like any type of investing, real estate can be risky. However, the amount of risk you take changes depending on the deal. Today, we’re helping YOU figure out how much risk YOU should be taking based on your goals and then share some expert risk management tactics so you can be prepared even if a “black swan” event throws your entire real estate investing plan out the window.

Ashley Wilson started investing in real estate at a risky time. It was 2009—nobody knew if the housing market would face another significant downturn and crash again. Thankfully, due to determination (and a bit of helpful ignorance), she invested at a time that turned out to be one of the best in history. Now, running massive multifamily real estate deals, Ashley has not only survived but thrived through high interest rates, a pandemic, falling rents, and economic uncertainty.

What does she do differently than most investors? She faces her real estate risks BEFORE they happen, and today, she’s showing you how to do the same. We’re talking with Ashley about risk management, how much risk you should take based on your goals, the “buckets” of risk and what you CAN control, and what to do NOW to limit your risk of loss.

In This Episode We Cover:

Real estate investing risks and how to mitigate them before it’s too late

Dodging black swan events and what to do BEFORE a rare risk hits you

The controllable risks you can plan for NOW that’ll protect your wealth during troublesome times

Risk profiles based on whether you’re building, preserving, or tax-sheltering your wealth

Why shiny object syndrome will cause you more headaches (and loss) than you think

And So Much More!

Links from the Show

Invest in Multifamily like Ashley with "The Multifamily Millionaire, Volume I"

Today’s Real Estate Risks: What Are Investors Ignoring?

Connect with Ashley

00:00 Intro

03:38 3 Types of Investor "Risk"

07:22 Investing During "Risky" Times

11:18 The "Buckets" of Risk

14:46 Dodging "Black Swan" Events

18:52 Risk Mitigation Tactics to Use NOW

23:53 The Risk of Loss

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1013

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

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High Cash Flow and Low Risk by Turning Tenants into Homeowners (Rent-to-Own) Sep 02, 2024

Show notes

Rent-to-own real estate can make you more cash flow, with less risk and fewer expenses, all while helping tenants become homeowners. But if it’s so good, why isn’t everyone doing it? Simply put, most investors have no idea that rent-to-own real estate is even possible! So today, we’re talking to an investor, sharing the ins and outs of this lucrative strategy, and showing you how she scaled from zero to over fifty units, half of which are thanks to this strategy.

Maura McGraw and her husband quickly realized that being active-duty military members wouldn’t lead to the stable family life they dreamed of. They needed a way out while still making enough money to provide. So, they pivoted and began formally studying real estate. After a first deal left them with a $30,000 loss, Maura did what most wouldn’t and got back out there searching for another deal. After dozens of flips and numerous rentals, she stumbled upon rent-to-own investing—a strategy that would fuel her real estate portfolio’s growth.

Imagine getting monthly rent checks without repair and maintenance expenses or insurance costs. That’s what rent-to-own can provide! We’ll talk about analyzing a market, screening tenants/buyers, profit margins, and how YOU can start investing in rent-to-own real estate in your market!

In This Episode We Cover:

How to make more cash flow with less risk by providing rent-to-own options to tenants

The four major ways to make money from a rent-to-own real estate deal

Who makes the perfect buyer/tenant when offering rent-to-own opportunities

What happens when a tenant defaults on the loan, leaving you with the down payment

Screening tenants/buyers before you offer them a rent-to-own opportunity

Why losing money on your first real estate deal does NOT mean you should give up

And So Much More!

Links from the Show

Find Your Perfect Investing Strategy with Dave’s New Book, “Start with Strategy”

What Are Rent-to-Own Homes?

Connect with Maura

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1012

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

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BiggerNews: How Harris/Trump's Housing Policies Could Impact Affordability Aug 30, 2024

Show notes

Housing affordability is at a forty-year low, and we bet you can feel it. Buying a house seems impossibly far away for first-time homebuyers, rent prices are still far past pre-pandemic levels, and mortgage payments are through the roof. This can’t last forever, and some new government policies are trying to ensure it doesn’t. In this week’s BiggerNews, we’re talking to Dennis Shea, Executive Director at the J. Ronald Terwilliger Center for Housing Policy at the Bipartisan Policy Center, about what policies could benefit the country and whether or not they’ll actually pass.

We’re also getting into Vice President Harris’ housing plan and former President Trump’s housing plan to see what each candidate believes could bring more affordable housing to the market. With President Biden’s recent rent control proposal, many real estate investors are worried their rents could be capped. But will this nationwide rent control proposal go through?

Plus, what effect does affordability have on current homeowners and investors? Low supply means more demand and higher home prices, but could it come at the cost of your local economy, as renters and would-be homebuyers struggle to afford a home? We’re answering it all in this episode of BiggerNews!

In This Episode We Cover:

The housing affordability problem and new government proposals aiming to help

Factors that are making housing so unaffordable and why we’re at forty-year lows

Regulatory and zoning reform, and why we must make construction easier

Harris’ housing policy and new incentivizes to build 3 MILLION homes

Trump’s housing policy and using government land for new construction

Biden’s nationwide rent control proposal and whether or not it has enough support to pass

And So Much More!

Links from the Show

Invest in Turnkey Properties with REI Nation

Grab Dave’s Newest Book “Start with Strategy”

Find Investor-Friendly Lenders

How the Financial Policies of Trump and Harris Could Impact Real Estate Investors

Bipartisan Policy Center Rent Regulation

Freakonomics - Why Rent Control Doesn’t Work

(00:00) Intro

(02:14) Promoting Affordable Housing

(03:04) Our Massive Affordability Problem

(05:49) What Needs to Change

(10:00) Harris' Housing Plan

(14:01) Nationwide Rent Control?

(18:33) Trump's Housing Plan

(22:08) How Affordability Impacts Investors

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1011

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

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The Realistic Path to Wealth: Investing in Real Estate WHILE Working a W2 w/Lawrence Briggs Aug 28, 2024

Show notes

Wondering how to invest in real estate so you can finally quit your job? Then, this episode might surprise you. While most real estate educators online are constantly stressing how you must leave your W2 so you can become a full-time real estate investor, today, we’re going to do the opposite, proving why most real estate investors SHOULD keep their job and let real estate supplement their dreams, instead of becoming their dream.

Take it from Lawrence Briggs. He’s an avid BiggerPockets listener who moved to a different city just to invest in real estate. With such passion and drive, you’d think he wants to become a full-time landlord. But the truth is…he doesn’t. His passions go far beyond managing tenants and fixing toilets, so he uses real estate to amplify his lifestyle and protect his finances so that he never HAS to get a job but can choose the exact job he wants to work.

Today, we’re talking to Lawrence about balancing your W2 job with real estate investing, why you DON’T need to quit to reach (even a small amount of) financial independence, the side hustle he used to save up for his first rentals, and how he works just a few hours a week managing his real estate portfolio. This is the realistic way to build wealth through real estate, and if Lawrence can go from poverty to multi-unit landlord, you can invest, too!

In This Episode We Cover:

How Lawrence escaped generational poverty through sacrifice and smart investing

Why Lawrence does NOT want to quit his job for real estate but would do something else instead

Moving to invest in real estate and why your salary-to-home-price ratio matters

The realistic way to spend just a few hours a week managing your rental properties

One super flexible side hustle Lawrence used to make money, learn how to invest, and find properties

And So Much More!

Links from the Show

Enter to Win a Free Ticket to BPCON2024 by Leaving a Positive Review on Apple or Spotify and Sending a Screenshot to BiggerPockets on Instagram

Invest in Turnkey Rentals with Rent to Retirement or text “REI” to 33777

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

See Dave and Lawrence at BPCON2024 in Cancun!

Should You Quit Your 9-5 Job to Become a Full-Time Real Investor?

Connect with Lawrence

(00:00) Intro

(01:31) BPCon2024 Giveaway!

(02:55) Switching Jobs to Invest

(11:24) Food Delivery Side Hustle

(16:31) I DON'T Want to Quit

(18:52) Breaking Generational Poverty

(21:34) Dream Job for Investors

(26:37) Time Spent Managing His Rentals

(31:12) You Don't NEED to Quit

(33:55) The Dish

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1010

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

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

8 Rental Units in 2.5 Years (While Working 6 Jobs!) Aug 26, 2024

Show notes

Don’t have enough money to buy rentals? Neither did Brandon Tilson. As a social worker, he was never on the higher end of the income scale, but thanks to some serious side hustles, he now has eight rental units in just two years! How did he do it while working full-time and having a family to feed? Today, we’re talking to Brandon about why ANYONE can invest in real estate, no matter your experience, salary, or cash in the bank.

Brandon doesn’t have just one side hustle, or two, or three—he has five separate side hustles, leaving him with six jobs to take care of. It’s no surprise that Brandon works anywhere from sixty to eight hours a week, but it’s all been worth it for him, especially after seeing his real estate holdings go from zero to eight rental units in an extremely short period of time. Now, he’s less than ten years away from financial freedom, allowing him to retire early if he wishes to at just forty-five years old!

Brandon gives crucial advice for anyone trying to invest in today’s market, even with higher interest rates. We talk about different side hustles that bring in extra income, how he funded his first deal, what to do when your renovation becomes a “trainwreck,” and whether or not getting your real estate license is worth it. Plus, why investing alone is much harder than doing it with a partner (or spouse!).

In This Episode We Cover:

How Brandon scaled to eight rental units in just two and a half years (even on a lower income!)

Making extra income every month with real estate (and non-real estate related) side hustles

Using a HELOC (home equity line of credit) vs. a cash-out refinance for your first rental

Whether becoming a real estate agent is worth it as a part-time side hustle

Finding your financial independence number and why it’s crucial to know how much you need to be set for life

Why you should not DIY your home renovation (even if you have the time)

And So Much More!

Links from the Show

Episode #1,009 Invest in Turnkey Properties with REI Nation

Get Started with “The Book on Rental Property Investing”

6 Rental Properties in 15 Months (While Working 3 Jobs!) w/Brandon and Dani Tilson

Connect with Brandon

(00:00) Intro

(01:31) Investing While Working 6 Jobs!

(07:24) First “Trainwreck” Deal

(16:17) Second “Turnkey” Property

(19:33) Becoming an Agent?

(23:13) His Financial Freedom Number

(26:08) Investing On a Low Income

(29:13) Early Retirement at 45!

(32:06) Advice for New Investors

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1009

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

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

BiggerNews: Have the Airbnb Bans Backfired on Big Cities? w/Taylor Marr Aug 23, 2024

Show notes

Are Airbnb bans actually hurting renters, homebuyers, and your local economy? The truth doesn’t seem so obvious, but new data shows the unintended consequences of banning Airbnbs and short-term rentals, especially in big cities. To get a take from someone inside the industry and with plenty of data to share, we invited Taylor Marr, Senior Housing Economist at Airbnb, to the show to explain how Airbnbs affect the economy, affordability, and housing supply.

For years, there have been claims that short-term rentals take away housing supply from renters and homebuyers and, as a result, inflate rents and home prices in nearby areas. But new data is saying something very, very different. Today, Taylor talks about how Airbnbs and short-term rentals change a local economy, the amount of money this type of local hospitality provides to small businesses, and why affordability ISN’T improving in areas where Airbnbs are banned.

We’ll also discuss the age of “experiences” and how hosts can earn more by catering to a new kind of traveler willing to spend. Do you have a short-term rental or want to make money with one in the future? Then don’t miss this episode!

In This Episode We Cover:

A short-term rental market update and how Airbnbs are faring in 2024

Airbnb supply and whether or not the short-term rental market is oversaturated

Tips for hosts to take advantage of “experiences” and make more money from their vacation rentals

The $80B impact Airbnb has on local economies and the real result of banning them

How Airbnb is working with local governments to IMPROVE affordability and tourist spending

And So Much More!

Links from the Show

Get Fully Customizable Insurance Coverage for All Phases of Occupancy on One Monthly Schedule and Bill

Follow Taylor on Twitter

Ready to Invest? Grab the Book, “Short-Term Rental, Long-Term Wealth”

Airbnb Bans Only Make Tourism More Expensive. Just Ask New York

(00;00) Intro

(02:33) 2024 Housing Market Update

(05:52) Effects on Short-Term Rentals

(09:47) Airbnb Supply Update

(11:16) Are Airbnbs Oversaturated?

(14:07) The Age of "Experiences"

(16:43) How Airbnbs Impact Local Economies

(25:05) Side Effects of Airbnb Bans

(34:30) Tips for Investors

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1008

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

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

Where We’d Invest in Real Estate in 2024 if We Were Starting from Scratch Aug 21, 2024

Show notes

New to real estate investing? In the beginning, you’re drowning in recommendations of where to invest in real estate, especially in 2024. Everyone is shouting different markets at you, “Cleveland! Tampa! Cincinnati!” the list goes on and on. But here’s where you’ll get stuck: most beginners think ANY market is good enough for them, except that isn’t true. There are some unique markets that most investors don’t know about, and they could fit what you need perfectly. Today, we’re sharing these markets (and how to find them) with you.

We brought on expert investors Ashley Kehr and Henry Washington to give their picks for the best places to buy rental property in 2024. All of these markets offer something different; some have low price points with significant cash flow, while others have huge appreciation potential. We’re sharing our top three rental markets with you so you get in before the rest of the investors hear about them.

We’ll also give you the criteria to pick your perfect real estate investing market and share where we first invested and where we wish we had invested.

After this episode, head here to get all the data used in this show, then find your market, tag @BiggerPockets on Instagram, let us know why you chose it, and win some free swag!

In This Episode We Cover:

Where to invest in real estate if you’re starting from scratch with zero experience

The best places to buy rental property in 2024 that most investors are overlooking

Moving to invest in real estate and the city with a VERY high salary-to-home-price ratio

Real estate market risks that we steer clear of whenever buying rentals

Finding your market “advantage” and how to thrive in new a market using your skillset

And So Much More!

Links from the Show

Find Deals in Any Market with Henry’s New Book, “Real Estate Deal Maker”

See Ashley, Dave, and Henry at BPCON2024 in Cancun!

Top 10 Real Estate Markets for Cash Flow in 2024

Connect with Ashley

Connect with Henry

BiggerPockets Market Finder

Real Estate Rookie Podcast

Post Your Market and Tag BiggerPockets on Instagram!

(00:00) Intro

(03:02) Ashley's First Market

(06:19) Would You Move to Invest?

(10:38) Henry's First Market

(13:41) Where to Invest in Real Estate

(14:38) Ashley's 2024 Market

(21:16) Henry's 2024 Market

(29:47) Dave's 2024 Market

(34:06) Find Your Market "Advantage"

(35:45) The Dish

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1007

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

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50+ Rentals After Starting in Her 50s and How "Late Starters" Can Get Ahead Aug 19, 2024

Show notes

With her retirement dreams on the line, Jill Forsythe had a few choices: return to work, start a business, or get into real estate investing. After trying out more “active income” business ideas and realizing she didn’t want another job, rental properties became the obvious choice. But putting up her retirement nest egg to try her hand at investing would be a significant risk. Thankfully, it’s a risk that has paid off in a BIG way.

Are you getting into the investing game late? Do you feel like you don’t have the time, money, or energy to build a real estate portfolio like all the twenty-something-year-olds on social media? Jill is here to prove you wrong. Within a decade, she’s been able to build a rental portfolio of over fifty units, grow her retirement reserves, and have the financial freedom she always wanted.

In today’s episode, we’re talking to Jill about why she chose real estate and not stocks or small businesses, the biggest mistake she made early on when buying rentals, the advantages of being a “late starter” in the rental property game, and advice for anyone in their forties, fifties, sixties, or seventies who want to retire on their terms with real estate!

In This Episode We Cover:

How to start investing in real estate in your fifties and reach your retirement goals

Supplementing social security with the semi-passive income of rental properties

Why you MUST be careful when choosing the neighborhoods you invest in

The big advantages to investing later in life that’ll help you scale fast

Creating cash flow in your market by finding under-rented properties

And So Much More!

Links from the Show

Ready to Invest? Grab “The Book on Rental Property Investing”