BiggerPockets Real Estate Podcast

See Dave & Kathy at BPCON2024 in Cancun!

Ask Your Question in the BiggerPockets Forums

Ready to Invest? Grab Dave’s Newest Book, “Start with Strategy”

The Fed Stalls as High Rates Cause More Pain—What Is Powell Doing?

(00:00) Intro

(01:54) Rate Cuts Coming?

(11:24) Rents Are “Softening”

(19:09) How to Mitigate Falling Rents

(21:36) New Affordable Markets Emerge

(28:20) Emergency Reserves 101

(33:05) Ask Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-987

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986: Are Tiny Homes a Good Investment? How a $50,000 Home Pencils Out Jul 10, 2024

Show notes

Are tiny homes a good investment? For just $50,000, you can get a brand new tiny home investment—not even fifteen percent of the average single-family home price in the United States. Even better? These tiny investment properties can bring in over $15,000 per year in rent, making your payoff period minuscule compared to a standard real estate investment. To learn more, we brought Steven Harrell, tiny home builder and investor, on the show to walk through all the numbers and how investors can cash in big on these tiny homes.

Steven has seen the tiny home industry shift from off-the-grid, fringe mini homes in the woods to now a mainstream necessity as more Americans struggle to pay the sky-high cost of rent or a mortgage on standard homes. With affordability at a forty-year low, Americans need cheaper housing options, and tiny homes might be the perfect answer.

We discuss the costs of tiny homes, how much they rent for, finding and buying land to put them on, insurance, financing, and how beginners can get started on this investment at a very attractive price point. Want tiny houses with big profits? This episode is for you!

In This Episode We Cover

How much does a tiny home actually cost to build, and how much it’ll rent for

Tiny home appreciation and whether these small investments are for cash flow only

How to find and buy the land for your next tiny home, plus what you MUST look for

The average insurance cost for a tiny home (it’ll surprise you)

Why the average tiny home tenant might not be who you think it is

Exactly what Steven would do now to get started investing in tiny homes

And So Much More!

Links from the Show

Yes, Tiny Homes Could Be the Most Cost-Effective Way to Cash Flow Right Now—Here’s Why:

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

(00:00) Intro

(01:27) Foreclosed On & Finding “Tiny Homes”

(05:39) Average Cost and Size

(08:12) Do They Appreciate?

(10:02) How to Invest in Tiny Homes

(15:35) It’s THAT Cheap!?

(18:17) Insurance for Tiny Homes

(20:18) Tiny Home Tenants

(22:22) How to Get Started

(26:28) Would We Buy Tiny Homes?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-986

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985: Seeing Greene: How to Use Home Equity to Retire, Buy Rentals, or House Hack Jul 09, 2024

Show notes

Should you use a HELOC to buy investment property? Would we use home equity to retire? When is it time to sell a performing property and exchange it for a more expensive one? If you’ve got home equity, this episode could help you reach financial freedom faster as we answer real listener questions, many about home equity, on today’s Seeing Greene!

If you’ve been investing for a while, you may have some paid-off properties. Should you get a cash-out refinance and live off the loans? That’s what one of today’s investors is asking, but Rob and David have different views on whether this is a good retirement plan. Did your property almost get destroyed by the city this week? Rob’s did! We’ll share the full story at the start of the show.

Next, an investor debates selling her performing rentals to scale into a bigger property. We also answer how to use a HELOC (home equity line of credit) to quickly grow your real estate portfolio. Why are contractors so hard to find? A veteran investor/contractor shares the reason why most contractors suddenly disappear. Finally, a listener has inherited multiple lots of land but wonders if he should build multifamily rentals on them. Can he use the lots as collateral to get the funds to start his investing journey? All that in this Seeing Greene!

In This Episode We Cover

How to retire using home equity and cash-out refinances (and whether you should!)

Why Rob was close to having his newly-renovated home destroyed by the city

When to sell a performing rental property and trade up into a better area

Using a HELOC (home equity line of credit) to invest in real estate

Why good contractors are so hard to find and often vanish from investors’ lives

How to leverage land to fund build-to-rent investment properties

And So Much More!

Links from the Show

Ask Your Question and Network with Investors on the BiggerPockets Forums

Ask David Your Real Estate Investing Question

See David and Rob at BPCON2024 in Cancun!

Real Estate Podcast 978 – How to Build Your Real Estate Investing Team (Agents, Contractors, Lenders)

Real Estate Podcast 972 – 3 Beginner Steps to Find Undervalued Real Estate in ANY Market

Grab David’s Latest Book, “Pillars of Wealth”

(00:00) Intro

(01:06) The City is Destroying My Property!

(06:12) How to Retire with Home Equity

(13:00) Sell Rentals for House Hack?

(18:45) How to Use a HELOC to Invest

(26:04) Comment Section Callout

(28:47) Contractor’s Advice for Investors

(35:46) Build Multifamily on Inherited Lots?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-985

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984: Pay Off Student Loans or Invest in Real Estate: Which Makes You Wealthier? Jul 08, 2024

Show notes

Should you pay off student loans or invest in real estate? This is the question Tom Keating had to ask himself back in 2018. At the time, he had no real estate investing experience and only picked up The Book on Rental Property Investing by chance. He still had student loans but decided to spend his savings (which could have made him debt-free) on the down payment for his first rental property. Now, just six years later, Tom has an entire real estate portfolio of passive and active investments and is free from his W2!

If you’ve got some form of debt—student loans, credit card debt, medical debt, etc.—you might think you can’t invest in real estate, but you’d be wrong. In today’s episode, Tom breaks down the simple equation you can use to figure out whether you should pay off your debt or invest. Tom took the path less traveled, and now, he’s benefiting from it, being able to go anywhere in the world, live where he wants, and control his schedule.

Tom also shares a simple yet unbelievably valuable way to find the hottest real estate markets and areas to buy rental properties. The best part? The data he uses is FREE, and you can copy his same strategy to get cash flow, appreciation, or a bit of both!

In This Episode We Cover

Whether to pay off student loans or invest and the simple calculation you can use to decide

The super simple way to find hot real estate investing areas with appreciation potential

Quitting your W2 job and becoming a full-time real estate investor, even with a small portfolio

How to diversify your real estate portfolio with both passive and active investments

Why Tom invests across multiple states (and strategies) instead of drilling down on one area

And So Much More!

Links from the Show

Find Your Next Investing Market with BiggerPockets Market Finder

Grab “The Book on Rental Property Investing”

Should I Pay Off My Student Loan or Invest in Real Estate?

(00:00) Intro

(01:41) Serial Side Hustler

(05:29) Buying His First Duplex

(06:57) Invest vs. Pay Off Debt

(12:42) Tom’s Portfolio

(14:40) Investing in Multiple Markets

(20:01) Finding Hot Investing Areas

(26:08) Working Less, Making More

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-984

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983: BiggerNews: With Slow Spring Homebuying, Zillow Predicts Price Drops in 2025 Jul 05, 2024

Show notes

Zillow’s latest housing market forecast shows a decline in home prices over the next year after a very slow spring homebuying season. While spring is traditionally the hottest time of the housing market, with more sellers and buyers hitting the market at once, this year was stunted significantly. Will this trend continue as housing inventory remains at rock-bottom levels, or are things gradually improving, with a return to normalcy in sight? We’ve got Dr. Skylar Olsen, Chief Economist at Zillow, on to share the latest forecast and which markets could be in trouble.

With mortgage rates still hovering around seven percent, homebuyers and sellers are stuck. Sellers don’t want to trade into a more expensive mortgage payment, and buyers can’t afford today’s median home price. As a result, some under-the-radar, affordable real estate markets are seeing home and rent prices increase, while some traditionally hot markets are already seeing price corrections.

Where will the next correction hit, and which markets will have the most opportunity for real estate investors? Skylar explains it all, plus why Zillow updated their recent home price forecast to show a DROP in home values over the next year.

In This Episode We Cover

Zillow’s updated housing market forecast and why they’re predicting prices to drop

The spring homebuying season’s “extra slowdown” and why buying/selling is so stunted

Skylar’s 2025 housing market and mortgage rate predictions

What happens when mortgage rates get cut, and whether this could fire up the housing market again

The real estate markets seeing the most price corrections, plus hot markets Zillow is keeping an eye on

Markets with the strongest rent growth (for single-family AND multifamily investors)

And So Much More!

Links from the Show

Access Zillow’s Free Housing Data

BiggerNews: 2024 Housing Market Update and Why Prices Are Still Rising

(00:00) Intro

(01:36) Homebuying Sees “Extra Slowdown”

(06:51) Homes Sitting Longer

(08:34) More Inventory On the Way?

(13:19) Zillow Updates Forecast

(17:54) Markets Seeing Price Corrections

(20:58) Hot Markets

(22:22) Where Rents Are Growing

(26:33) Investors, Watch THIS

(29:16) 2025 Predictions

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-983

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982: How Military Members Can Use Real Estate Investing to Fast-Track Their Financial Freedom Jul 03, 2024

Show notes

Military real estate investing is perhaps the easiest way for veterans to reach financial freedom. Today’s guest is a prime example, going from broke recruiter to “military millionaire” in just FIVE years. And get this—military real estate isn’t just for service members. Everyday investors can take advantage of certain perks, too!

During his first seven years in the U.S. Marine Corps, David Pere was a serial spender, blowing each paycheck and saving very little money. But when a friend recommended the personal finance classic, Rich Dad Poor Dad, things finally clicked, and David realized the unique investing opportunities the military provided. Within four months, he had taken advantage of the favorable VA loan and bought his first house hack!

In today’s episode, you’ll learn how the military puts you in a great position to take financial risks early in your career. David takes a deep dive into VA loans, their benefits, their requirements, and what buyers and sellers should know. He even shares the best-kept secret in military investing—the Interest Rate Reduction Refinance Loan (IRRRL) program—which makes it EASY for investors to score a better interest rate!

In This Episode We Cover

How veterans can build wealth through military real estate investing

Why the VA loan is the “best primary residence mortgage in the world”

What YOU should know about VA loans (even if you’re not a service member!)

What sellers and buyers need to know about assuming VA loans

How to find a lender that specializes in military loan products

Refinancing with the Interest Rate Reduction Refinance Loan (IRRRL) program

And So Much More!

Links from the Show

BiggerPockets Real Estate – Episode 734: Seller Red Flags I Should Have Seen Before Doing a Nightmare Deal w/ David Pere

(00:00) Intro

(01:14) Buying His First House Hack

(05:57) Military Real Estate Investing 101

(09:11) VA Loan Benefits & Requirements

(14:57) Reusing VA Loans & Finding Lenders

(18:24) Assuming VA Loans & the “IRRRL”

(23:14) HUGE Military Investing Advantages

(26:21) Connect with David!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-982

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981: Seeing Greene: Investing with High Rates, Recession Prepping, & RVs vs. ADUs Jul 02, 2024

Show notes

High interest rates are stopping you from investing, so what do you do? Wondering how to prepare for a recession if one hits soon? Should you sell your rentals and pocket some cash, or will you regret dumping your performing properties to secure some short-term safety? These tough questions can’t be answered by just anyone, so we have our expert investors David Greene and Rob Abasolo on to help you navigate through the most financially puzzling parts of real estate investing.

In this Seeing Greene, we’re tackling topics like how to prepare for a recession as a landlord, what to do when high interest rates kill your deals, and whether you should build an ADU (accessory dwelling unit) or simply park an RV on your land and rent it out instead. But that’s not all; a contractor wants to know how to work with investors while making even more money. Is he barking up the wrong tree, or is going the investor instead of the residential route a better choice for those trying to grow their contracting business?

Plus, how long a tenant turnover should take and whether your property manager is moving too slowly. All that, and much more, is coming up in this Seeing Greene show!

In This Episode We Cover

How to invest in real estate during a high interest rate environment (and find lenders!)

Whether or not to sell your rentals if a recession hits in the near future

Renting out an ADU vs. an RV and which will make you more money and come with a lower cost

The power of compound interest and David’s genius method to pay off properties fast

Tenant turnover times and how long it should take for your property manager to find new renters

How contractors can get consistent work from investors by doing this

And So Much More!

Links from the Show

Ask Your Question and Network with Investors on the BiggerPockets Forums

Grab David’s BRRRR Book, “Buy, Rehab, Rent, Refinance, Repeat”