BiggerPockets Real Estate Podcast

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Dave's BiggerPockets Profile

Dave's Instagram

Henry's BiggerPockets Profile

Henry's Instagram

Use The BiggerPockets Investment Calculators On Your Next Deal

Hear Dave and Henry On the “On the Market” Podcast

8 “Under the Radar” Housing Markets With Low Prices and High Cash Flow

Connect with Dylan

Dylan's BiggerPockets Profile

Dylan's Facebook

Dylan's Instagram

Dylan's Website

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-928

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

927: Seeing Greene: Refi vs. “Recast,” Tax-Free Equity, & When to Cut Your Losses Apr 02, 2024

Show notes

When is it NOT worth taking a capital gains tax exemption? Wouldn’t it ALWAYS be a good time to pay Uncle Sam less? Not exactly…and today, we’re going to get into why. But there’s much more coming up in this Seeing Greene. If you’ve had trouble with an overbudget home renovation or are a real estate agent looking for new ways to find leads, stick around—we’ve got just what you need.

BRRRRman and Rob-in are back as our housing heroes, answering any and every question you have about real estate investing. First, Ronnie, a new real estate agent and full-time law enforcement officer, wants to know how to get more leads in his small market. David gives one piece of advice EVERY real estate agent must hear to help explode their businesses. Next, we discuss refinancing vs. recasting your mortgage and when each is worth it. A house hacker debates reinvesting in his backyard tiny home or buying a house in cash. Then, we talk about why selling your former primary residence, even with a capital gains exemption, might not make sense. And finally, a rehab gone wrong causes an investor to question whether it’s time to hold ’em or fold ’em.

Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!

In This Episode We Cover:

How to get more real estate leads as an agent no matter the size of your market

“Recasting” your mortgage and how it can save you hundreds or thousands every month

Reinvesting in a rental or buying a new one in cash using a cash-out refinance

Avoiding capital gains taxes when selling your primary and whether to move that cash into a new rental OR keep the property

Home renovations gone wrong and when to sell a property you’ve gone over budget on

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Ask David Your Real Estate Investing Question

Grab David’s Book, “SCALE”

Meet Investors in Your Area on the BiggerPockets Forums or at a BiggerPockets Meetup:

Forums

Meetups

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-927

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

926: 6 Tips to Grow Your Real Estate Portfolio While Working 9-5 Apr 01, 2024

Show notes

You want to grow your real estate side hustle, but your W2 is taking up too much of your time. How do you invest in real estate when you’re stuck at the office or behind a desk from nine to five? We’re about to give you expert tips on growing a real estate portfolio or real estate business no matter your W2 because if David Greene and Rob Abasolo can do it, so can you!

Whether you want to build a rental property portfolio, flipping or wholesaling business, real estate agent side income, or something else, it can be a struggle managing your real side hustle while working your full-time job. And, if you eventually want to quit your job and become a full-time real estate investor, you’ll need your real estate to produce as much or more than your current job, but how do you make that type of income with only nights and weekends free?

These six tips will help you create a bigger, better, more scalable real estate side hustle, helping you do more with less time WITHOUT burning out. From setting a side hustle schedule to automating everything you DON’T need to be doing, avoiding feeling overworked, and using your free time to speed up your timeline to financial freedom, these tips are CRUCIAL if you ever want to build wealth through real estate. So, if you’re struggling to balance your job with creating a real estate business/portfolio, implement these tips TODAY!

In This Episode We Cover:

Why you need to START telling your boss (and yourself) “no” more often

How to automate and delegate to free up time in your day so you can do what matters most

The Pareto Principle (80/20 rule) that will change the way you do anything and everything

Tips to avoid burnout when working a job AND for yourself and what David did to reverse his real estate paralysis

Why you should NOT quit your job until you’ve reached THIS stage of investing

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

How to Use Real Estate to Quit the 9-5 Grind

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-926

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

925: BiggerNews: Housing Inventory Up 24%, Are We Returning to “Normal”? w/Mike Simonsen Mar 29, 2024

Show notes

Housing inventory has shot up over twenty percent year-over-year. So, are our low inventory struggles finally behind us? During the low interest rate days, housing inventory couldn’t keep up with demand. Within days of posting a listing, properties had already gone under contract, and buyers could no longer bid. But now, with higher interest rates, we’re finally starting to see a return to “normal,” but a rate cut could take us back to scarce inventory in an instant. So, is now the time to buy?

Mike Simonsen from Altos Research joins us on this BiggerNews episode to give an update on housing inventory. Mike’s team tracks every home for sale in the country every single week and has been doing so for almost two decades. Today, he gives us the most recent data on homes for sale, why inventory is rising, the states that are seeing the most inventory hit the market, and whether or not we can expect to return to pre-pandemic inventory levels.

Plus, for those debating waiting it out for lower mortgage rates, Mike shares exactly how rates will affect housing inventory and why waiting could throw you back into the bidding wars once rates drop again. Mike even discusses the data behind price cuts and when you can expect sellers to start accepting lower bids.

In This Episode We Cover:

A housing inventory update and why more inventory is finally starting to hit the market

What happens to housing inventory if interest rates fall or rise

Florida, Texas, and other southern states that are seeing a surge in housing inventory

Why most investors are wrong about price cuts

What must happen if we’re to see inventory rise back to pre-pandemic levels

The one thing buyers and sellers should know if they’re waiting for rates to fall

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Dave's BiggerPockets Profile

Dave's Instagram

The Housing Market “Signals” That Predict Where We’re Headed w/Mike Simonsen

HousingWire CEO: This Inventory Shortage Could Last Decades

Hear Dave on The “On the Market” Podcast

Watch Dave on the “On The Market” YouTube Channel

Connect with Mike

Altos Research

Mike's LinkedIn

Mike's X/Twitter

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-925

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

924: Raising Private Money 101: Beginner Steps to Raise Your First $1,000,000 Mar 28, 2024

Show notes

Want to explode your real estate portfolio? Then you MUST know about raising private money. When done correctly, private money (also called private capital) can help you and your investors reach financial freedom faster instead of wasting months or years between deals as you wait for your savings to grow. The best part? It’s not just the big players that are raising private capital. Small-time investors doing five or ten-unit deals can still massively benefit from private money, and we’re about to show you how to get it!

When talking about private capital, there’s arguably no one who knows the subject better than Matt Faircloth. Matt literally wrote the book Raising Private Capital and has used the same strategies in it to raise millions of dollars for his own investing business, The DeRosa Group. Matt’s partner, Hervé Francois, also joins us today to go over the beginner steps of raising private capital. These two capital-raising experts will show you exactly how to raise your first $1,000,000 in three simple steps and give you a pitch example you can use to raise private capital from ANYONE in your network!

Connect with more investors, get more deals done, and raise private capital faster with a BiggerPockets Pro membership. Podcast listeners get 20% off with code “FUNDING24”!

In This Episode We Cover:

How to raise private capital and get your first $1,000,000 in private money

Scaling your real estate portfolio FASTER by leveraging private capital

The BIGGEST mistake beginners make when trying to raise private capital

The three beginner steps you can take to start raising private capital for your next deal

A private money pitch example you can use to start building your network

The best real estate investing tool that every capital raiser should have

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Rental Property Calculator

BiggerPockets Tools Mentioned in Today’s Video:

Rent Estimator

Grab Matt’s Book, “Raising Private Capital”

Connect with Hervé

Hervé's BiggerPockets Profile

Hervé's LinkedIn

Hervé's Website

Connect with Matt

Matt's BiggerPockets Profile

Matt's Instagram

Matt's Website

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-924

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

923: From No Savings to Building 60 Houses in 5 Years! w/Ayesha and Kevan Shelton Mar 27, 2024

Show notes

Feeling scared to do your first or next real estate deal? Even if everything goes wrong, you may still be in a better position than Ayesha and Kevan Shelton were just a few years ago. After quitting their jobs to become full-time real estate investors, Ayesha and Kevan found themselves staring at a $300,000 loss. Their credit was ruined, their life savings drained, and most of their partners walked away, never to return. Ayesha and Kevan did the right thing, paying back every investor who funded their failed house flips, but it came at a cost.

With a baby on the way, Ayesha and Kevan were debating bankruptcy to get some relief from the massive financial pressure they were under. But some wise investors told them they had it in them to rebuild their wealth—and that’s precisely what they did. In today’s incredible investor story, you’ll hear about how this power couple pivoted to turn their business around and began investing in new build construction projects.

Now, five years later, they’ve built sixty homes, developed their own communities, and created true wealth out of nothing. The best part? These new construction homes are affordable housing, helping solve the inventory crisis we’re currently facing and giving those that truly need it safe, affordable, quality homes to live in. And if Ayesha and Kevan can do it starting from negative, you can too, even if you’re starting from zero!

In This Episode We Cover:

How Ayesha and Kevan turned a $300K loss into a massively successful business

Why you always (ALWAYS!) pay back the investors you’ve borrowed from

Affordable housing 101 and how to get discounted land deals for your next new construction project

How to find the “path of progress” of where homes will appreciate in your area

Scaling your business with new construction homes instead of flipping houses

Private money, hard money, and other creative financing methods to use when banks WON’T fund your deals

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear Dave and Henry On the “On the Market” Podcast

4 Vital Points to Consider BEFORE Getting Into New Construction

Dave's BiggerPockets Profile

Dave's Instagram

Henry's BiggerPockets Profile

Henry's Instagram

Kevan's BiggerPockets Profile

Connect with Kevan & Ayesha

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-923

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

922: Seeing Greene: Signs It’s Time to STOP Investing in Real Estate Mar 26, 2024

Show notes

When is enough enough? When is it time to STOP investing in real estate? When you have a hundred units or a thousand? When can you step back and let the hard work and grind pay off so you can spend more time with your family, spouse, children, and loved ones? But maybe this is just the start of your real estate investing journey, so a better question would be: how to start investing when you DON’T have tons of money to get in the game? Whether you’re a couple of years away from early retirement or gearing up for your first rental, we’ve got you covered on this episode of Seeing Greene.

Full-time real estate investors David and Rob are back to answer your investor questions! This time around, live-caller Ethan wants to know when enough is enough. He’s built a big real estate portfolio, but his spouse is asking, “What’s the end goal?” Next, David and Rob share what’s going on in their own lives and the “perfect storm” that hit David head-on that could be headed your way. A young house hacker wants to know the best plan for his property after he moves out: rent by the room, turn it into a long-term rental, or go the short-term rental route. Finally, a homeowner with some sizable equity but no extra money asks if she should sell her low-rate primary residence and exchange it for some investment properties.

In This Episode We Cover:

Why you need to start preparing your short-term rental for spring and summer break NOW

When to start raising rates on last-minute guests (HUGE revenue boost)

What you MUST include in your listing before it’s spring/summer break

Amenities that any host can add to their home to bring in more bookings

Why seasonal photos make a huge difference to guests when browsing properties

How to avoid parties at your property and guest red flags to watch out for

Airbnb’s indoor camera ban and what to do if you have security cameras on your property

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear Our Interview with AirDNA’s Jamie Lane

AirDNA

PriceLabs

Ask David Your Real Estate Investing Question

BiggerPockets Podcast 795 with Chad Carson

BiggerPockets Podcast 492 with Rob Abasolo

Forum Post: Sell Primary Residence to Use Equity for Rentals?

Check Out Rob’s New Short-Term Rental, The Pink Pickle

Book Mentioned in the Show:

SCALE by David Greene

The Small and Mighty Real Estate Investor by Chad Carson

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-922

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

921: How to Get More Airbnb Bookings This Spring and Summer Break Mar 25, 2024

Show notes

Wondering how to get more bookings on Airbnb as spring break and summer vacation inch closer? With some expert tips, you’ll be able to bring in more revenue and higher reviews during these peak travel times. From listing optimizations to algorithm-beating description tweaks and amenities that’ll make your short-term rental stand out, using any of these expert tips can help your single short-term rental or short-term rental portfolio see more bookings flow in!

We’ve already got a short-term rental expert on the show, Rob Abasolo. But one isn’t enough. Avery Carl is back to give her time-tested tips on boosting your Airbnb bookings during the spring break and summer vacation seasons. These two full-time vacation rental investors get into how to make more money with last-minute bookings, why you MUST change your pictures before it’s too late, the description tweaks that can lead to a full calendar, and the “low-hanging fruit” amenities that guests LOVE to see!

Plus, since it’s spring break, these experts give their best tips on how to avoid parties at your property and stop your short-term rental from becoming a spring break rager!

In This Episode We Cover:

Why you need to start preparing your short-term rental for spring and summer break NOW

When to start raising rates on last-minute guests (HUGE revenue boost)

What you MUST include in your listing before it’s spring/summer break

Amenities that any host can add to their home to bring in more bookings

Why seasonal photos make a huge difference to guests when browsing properties

How to avoid parties at your property and guest red flags to watch out for

Airbnb’s indoor camera ban and what to do if you have security cameras on your property

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear Our Interview with AirDNA’s Jamie Lane

AirDNA

PriceLabs

Avery's BiggerPockets Profile

Book Mentioned in the Show:

Short-Term Rental, Long-Term Wealth by Avery Carl

Connect with Avery:

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-921

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

920: Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever w/The New York Times’ Debra Kamin Mar 22, 2024

Show notes

A bombshell NAR settlement could bring wide-sweeping changes to the housing market. After a snowball of NAR lawsuits, the realtor association agreed to settle for a whopping $418 million and make critical changes to how real estate agent commissions are paid and how competition can be upheld. This significantly impacts anyone buying or selling a home and has life-changing effects for every real estate agent and realtor in the country. The New York Times’ Debra Kamin joins us to break the story.

Debra breaks down the enormous legal loss that NAR (National Association of Realtors) suffered last week and the impacts it will have on the housing market. First, we discuss the new agent commission rules, which may break the standard six percent fee that realtors are used to taking. These commissions are real estate agents’ livelihoods, and a new model that supports lower commissions could force many agents to leave the industry entirely.

We’ll also touch on the turbulent times NAR has faced recently, from sexual harassment scandals to changing leadership and, now, a massive settlement that could lose them more than half of their members. Will a new type of real estate agent form from the ashes of this century-old model? Or, could a brand-new way of buying and selling homes transform the housing market? Stay with us; we’ll give you the entire scoop.

In This Episode We Cover:

NAR’s massive settlement creating ripple effects across the real estate market

The new real estate agent commission rules that could shock an entire industry

Changes to the multiple listing service (MLS) that may open the market up to new competition

The future of buyer’s agents and whether or not they’ll remain a critical component to buying a home

Sexual harassment scandals, turbulent leadership, and recent NAR struggles

What the future of using a real estate agent could look like

And So Much More!

Links from the Show