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

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

Best Interior Paint Colors for Selling Your House

Zillow Data From Today’s Show:

Zillow Research Page

Connect with Amanda:

Amanda's LinkedIn

Amanda's X/Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-910

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909: 6 Expert Tips for Out-of-State Real Estate Investing Mar 07, 2024

Show notes

Can’t invest in your own backyard? Out-of-state investing is the way to go! With it, you can invest nationwide, finding more cash flow or appreciation potential than you would in your local area. But managing a rental property portfolio from hundreds, if not thousands of miles away, isn’t always easy. Thankfully, we’ve got two time-tested out-of-state investors with six killer tips to share on making your next long-distance investment as profitable and painless as possible.

Whether you’re buying short-term rentals, long-term rentals, or something in between, these tips can help ANYONE find financial freedom faster, deal with fewer tenant headaches, and save a ton on future maintenance bills. The best part? You don’t have to check in on your property every other week to ensure it’s safe and sound, but you will need local help if you’re trying to take your investment to the next level. What exactly do we mean? Stick around; we’re walking through all the top tips you need to know.

Want more tips for out-of-state investing? Pick up David’s book, Long-Distance Real Estate Investing!

In This Episode We Cover:

The top six expert tips for buying and managing out-of-state investment properties

Cash flow vs. appreciation and why you MUST know what you want BEFORE you buy an out-of-state rental

The real estate market “fundamentals” that point to a phenomenal investing area

Investing with your end goal in mind so you can quit your job or retire a multimillionaire

Local laws that can DESTROY your investment if you DON’T know about them

The “boots on the ground” team that’ll keep your property in tip-top shape (no matter where you are)

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

Try the BiggerPockets Rent Estimator

Should You Invest Locally or Long Distance?

Books Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Start with Strategy by Dave Meyer

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-909

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

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908: $400,000/Year From One Unique Rental Property w/Amanda and David Fornelli Mar 06, 2024

Show notes

Want BIG cash flow numbers? How about $400K/year cash flow? Would that be enough to set you financially free? For Amanda and David Fornelli, this is reality, and it’s all thanks to one very unique rental property investment. And even though these numbers are massive, Amanda and David aren’t that removed from being real estate rookies. Just five years ago, they didn’t own any rental properties and were W2 workers just looking for a way to make some extra income.

After finding themselves in a real estate investing program, this power couple began flipping any house they could get their hands on in Southern California. Within three months, David had made twice as much from flips as he did at his day job, so he quit, and the rest is history. Now, they’re full-time investors, still flipping houses, but ALSO running a multimillion-dollar boutique hotel that’s making them hundreds of thousands of dollars a year in profit.

In today’s episode, Amanda and David talk about leaving their jobs to flip houses full time, how they slowly realized that short-term rentals beat the short-term profits of house flipping, why they’re still investing in high-priced Sothern California, and the massive cash flow they’re making off their very first commercial real estate investment—a small, but very profitable boutique hotel.

In This Episode We Cover:

Making $400K/year from an unconventional type of rental property

When it’s time to quit your job and become a full-time real estate investor

Using the BRRRR strategy to make massive wealth gains WITHOUT investing your own money

How to mitigate risk when doing high-priced house flips (especially as a beginner!)

Raising private money and how to buy bigger, better real estate deals without using your own cash

Short-term rental vs. hotel investing and why you CANNOT treat these as the same assets

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

Henry's BiggerPockets Profile

Henry's Instagram

How to Buy a Hotel: Breaking Down Tony’s FIRST Commercial Real Estate Deal

Private Capital Explained: The 4-Second Pitch to Unlock Unlimited Funds w/Amy Mahjoory

Stay At Yara Palm Springs - Instagram: @yarapalmsprings

Stay At Yara Palm Springs - Website

Connect with Amanda & David:

Amanda Instagram: @_amandafornelli_

David Instagram: @davidjfornelli

Portfolio Instagram: @nopali_properties

Nopali Properties - Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-908

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

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907: Seeing Greene: $100K In Equity But NO Cash Flow, Should I Sell? Mar 05, 2024

Show notes

Where’d all the cash flow go? More than ever, rental property owners are waking up to find less and less mailbox money coming in every month. This is doubly true for those who used low down payments to house hack and turned their properties into full-on rentals. So, what do you do if you have a rental property giving you low, no, or negative cash flow? Should you sell it and swap it for another investment or ride it out, betting on future appreciation gains? We’re giving our thoughts in this Seeing Greene!

As always, David and Rob are here to answer your pressing real estate investing questions. But resident yacht tycoon James Dainard also brings his twenty years of investing experience to the show to help this week’s rookie real estate investors. First, our very own Noah Bacon asks what he should do with a negative cash-flowing house hack that has six figures in tax-free equity. Then, we ask a question everyone wants an answer to, “WTF is wrong with investors these days?” If you want to turn your house into a rental property, stick around because two more investors ask whether it’s worth it AND when you can start writing off those lucrative real estate tax deductions.

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:

Whether to keep or sell a rental property that’s losing money every month

Appreciation vs. cash flow and why SO many new investors get this wrong

How to minimize your chance of negative cash flow by buying in THESE areas

Why some real estate markets appreciate while others rarely see price growth

Whether you should turn your primary into a rental property or buy an investment property instead

Real estate tax deductions and how long you have to wait to write them off

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

James' BiggerPockets Profile

James' Instagram

Hear James On The “On the Market” Podcast

Ask David Your Real Estate Investing Question

Landlord Tax Loopholes That’ll Help You Pay ZERO Taxes w/Matt Bontrager

WTF is wrong with investors these days?

Connect with Noah:

Noah's BiggerPockets Profile

Noah's Instagram: @makinbaconrei

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-907

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

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906: How to Become a Millionaire Through Real Estate Investing (Beginners!) Mar 04, 2024

Show notes

Learn how to become a millionaire with real estate EVEN in 2024. You’re trying to make big wealth-building moves this year, but how do you reach seven figures without any real estate experience? Thankfully, you don’t need to be an investing expert or property-picking genius to make a millionaire dollars in real estate—you just need to follow the basic steps almost any real estate millionaire follows. So, how do you get started? We’re going to show you in today’s episode!

It should be no surprise that our two hosts, David Greene and Rob Abasolo, are real estate millionaires and have been for years. After grinding away and buying multiple properties, both David and Rob realized, almost accidentally, that they had million-dollar net worths. What they did to get there wasn’t high risk, didn’t take a whole lot of time, and is easily repeatable by any real estate investor EVEN in 2024.

So, today, our millionaire hosts will show you exactly what they did to make a million dollars, the easiest ways to get started in real estate today so you can begin building wealth, the strategies anyone can use to make tens if not hundreds of thousands of dollars in equity, and what you can do NOW even if you NO cash to invest.

In This Episode We Cover:

How to become a millionaire (even in 2024) through real estate investing

What a millionaire actually is, and why so many people get this calculation wrong

The beginner strategies ANYONE can use to become a millionaire in today’s economy

Whether or not a million dollars is even enough to be considered “wealthy” in 2024

The two most powerful investing levers you can pull to become a millionaire faster

How long it will take to make a million dollars, and the FIRST STEP you should focus 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

Start Connecting with Other Investors in The BiggerPockets Forums

The Millionaire Formula: 10 Steps to Hit 7-Figure Net Worth

Top 10 Tax Advantages of Investing in Real Estate

Books Mentioned in this Show:

BRRRR by David Greene

The House Hacking Strategy by Craig Curelop

Pillars of Wealth by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-906

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

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905: Fannie Mae: Multifamily Is STILL Undersupplied, Rent Growth Likely w/Kim Betancourt Mar 01, 2024

Show notes

On a national level, Fannie Mae is predicting the multifamily market to remain subdued in 2024. Ever since interest rates began to rise, multifamily transactions have slowed considerably. Higher rates made profits fall, and as a result, buying and improving multifamily properties halted. And, with a massive lag in multifamily construction, new units were popping up left and right in already saturated markets, creating a race to the bottom for rent prices as multifamily operators struggled to keep their units occupied. But, the multifamily woes may be close to over.

Kim Betancourt, Vice President of Multifamily Economics and Strategic Research at Fannie Mae, joins us to share the findings of a recent multifamily report. Kim knows that there are oversupplied multifamily markets across the country. Cities like Austin have become the poster child for what oversupply can do to home and rent prices. However, Kim argues that this is only a fraction of the overall housing market, and many markets are in need of more multifamily housing.

So, if much of America is still struggling with having enough housing supply, shouldn’t rents be on an upward trend? Kim shares her team's findings and rent forecasts, explaining when rents could begin to climb, which multifamily properties will experience the most demand, and why we need MORE multifamily housing, not less.

In This Episode We Cover:

Fannie Mae’s 2024, 2025, and 2026 rent growth forecast for multifamily

A “tale of two markets” and why the “oversupply” narrative isn’t the whole story

Property classes and why B/C-class properties are seeing such strong demand

The one metric that points to a growing or shrinking multifamily real estate market

Why so many millennials are “stuck” as renters and can’t become homeowners

How rising rents could affect multifamily prices and boost valuations across the country

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

Henry's BiggerPockets Profile

Henry's Instagram

Want More Up-to-Date Housing Market News? Check Out the “On the Market” Podcast

Multifamily Is at High Risk of Continuing Its Historic Crash in 2024—Here’s Why

These 10 Markets Are Building the Most Multifamily Housing—How Can Investors Take Advantage?

Fannie Mae’s Insights and Reports:

All Research

January 2024 Multifamily Market Commentary

February 2024 Multifamily Market Commentary

February 2024 Economic and Housing Forecast

Connect with Kim:

Kim's LinkedIn

Kim's Profile - Fannie Mae

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-905

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

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904: Does the BRRRR Method Still Work in 2024? Feb 29, 2024

Show notes

For years, the BRRRR method (buy, rehab, rent, refinance, repeat) was every real estate investor’s favorite strategy. And it’s easy to see why. Using this simple formula, you can buy an outdated property, fix it up, lock in some solid equity, and then refinance, having the bank pay you back all the money you put into a deal. It sounds foolproof in theory, and up until 2020’s hot housing market, it essentially was.

But things have changed. Home prices are higher than ever, mortgage rates are still double what they were during 2021, and everyone and their grandma now wants to invest in real estate, making more competition for these outdated homes. So, one big question presents itself: Does the BRRRR method still work in 2024? And, if it does, what are some ways to beat the competition and score a seriously good deal, no matter the mortgage rate?

Well, we’ve got the man who literally wrote the BRRRR book on the show—our very own David Greene! David is giving his time-tested insider tips on how to build wealth with BRRRR, create more equity on your next home rehab, which new loans make BRRRR much better in 2024, and why you CAN’T rely on cash flow anymore, but you can rely on something MUCH more beneficial. Ready to get your first (or next) BRRRR done in 2024? This is the episode for you!

In This Episode We Cover:

The BRRRR method (buy, rehab, rent, refinance, repeat) explained

Whether or not you can still do a BRRRR in 2024 (and if it’s even worth it)

New types of loans for BRRRRs that make buying and cash-out refinancing MUCH easier

Cost-cutting rehab tips to make sure you don’t go over budget on your next home renovation

The not-so-basic “value-add” potential you NEED to look for in your next BRRRR property

Massive tax benefits, long-term wealth, future cash flow, and more upsides of doing a BRRRR in 2024

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 Invest in Real Estate With the BRRRR Method

Grab The BRRRR Book

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-904

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

903: 120 Rentals in 3 Years by Buying Multifamily During a BAD Market w/Brian Adamson Feb 28, 2024

Show notes

Would you buy multifamily real estate now? Asset prices are falling, mortgage rates are still high, banks aren’t taking on new loans, and every real estate “expert” thinks that the multifamily space is full of dead deals. If this was so true, then how did Brian Adamson build a multimillion-dollar, 120-unit portfolio with plenty of cash flow and seven figures in equity all in the past four years, a time of tremendous booms and busts in the multifamily market? Well, he’s about to show you!

Brian started investing before The Great Recession but didn’t walk away from the housing crash unscathed. Thankfully, a few upside-down properties didn’t stop him from investing as he continued to do wholesaling and fix and flip deals from 2008 onwards. But, in 2020, he had a calling to start investing in multifamily during a hot market and in areas most real estate investors would run from.

Fast forward close to four years later, and Brian has a rental property portfolio of over one hundred units, with tens of thousands in cash flow coming in every month and millions in equity. He bought when he shouldn’t have, in places investors run from, with loans even top investors refuse to use, but he came out on top. In this episode, he’ll break down his exact strategy, what and where he’s buying, and how much money he’s making, plus some real estate markets he’s bullish on in 2024.

In This Episode We Cover:

Massive multifamily deals that are making Brian a millionaire even during a down market

A failed first multifamily attempt that cost Brian tens of thousands of dollars

Investing in markets that most investors would NEVER even consider

The exact rent, cash flow, and equity numbers Brian looks at before buying

How to use bridge loans to cover your rehab costs on a home-run deal

Real estate investing markets that Brian is bullish on in 2024

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

Beginner’s Guide To Investing In Your First Multifamily Property

Multifamily Is Likely To Start Recovering in 2024—Here’s Why

Book Mentioned in the Show

SCALE by David Greene

Connect with Brian:

Brian's BiggerPockets Profile

Brian's Facebook

Brian's Instagram: @brianadamsonofficial

Brian's LinkedIn

Brian's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-903

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

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902: Seeing Greene: Investing WITHOUT Burning Out and What We’d Do With $1M Feb 27, 2024

Show notes

Want to build a real estate business? When done right, a real estate business could make you hundreds of thousands, if not millions, of dollars a year, even with a small team. You’ll be able to do dozens more deals, scale your portfolio faster, and find true financial freedom in a matter of years. But it won’t be easy. Starting a real estate business is one thing, but scaling it is a different beast. So, we’ve brought multimillion-dollar real estate business owners onto the show so YOU don’t make their early-stage mistakes.

It’s a bird, it’s a plane, it’s…David with a green light behind him. You know what that means—it’s time for Seeing Greene, where David, Rob, and special guest James Dainard answer YOUR real estate investing questions. Fan-favorite guest Josh Janus is back to ask how to scale a real estate business and what to delegate first. A tax-smart investor asks whether to sell his home or keep it as a cash-flowing rental. Two investors close to retirement ask how to invest $1,000,000 and how to start investing as a later starter.

In This Episode We Cover:

How to scale your real estate business when you’re feeling burnt out (and expert mistakes to avoid)

The first things to delegate and outsource when building your business

Whether to sell a house for a BIG gain or keep it as a cash-flowing short-term rental

How to invest $1,000,000 and the problem with searching for “passive” income

How to get into the real estate investing game as a late starter with a fair share of cash

Some much-deserved review love for our very own Rob Abasolo

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

Catch James on the “On the Market” Podcast

From DoorDasher to $1.5 MILLION in Real Estate (All at 22 Years Old!) w/Josh Janus

Books Mentioned in the Show

SCALE by David Greene

Connect with James:

James' BiggerPockets Profile

James' Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-902

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

901: The 6 Beginner Steps to Take Before Investing in Real Estate Feb 26, 2024

Show notes

If you want to start investing in real estate and buy your first rental property, there are six beginner steps you’ll need to take. Following these steps to a tee could mean the difference between having a home-run first investment property and a horrible experience that leaves you worse off than before. So stick around as we lead you to your first property (and financial independence) faster, even if you’re an investing beginner.

We’ve brought on Certified Financial Planner (CFP) and personal finance master Kyle Mast to walk through the six steps you must take before buying a rental property. We’re not talking about the usual “find an agent, find a market, find a property” type of advice. This time, it’s all about setting you up for FINANCIAL success and, more importantly, stopping you from financial failure by making the wrong moves in the beginning. If you don’t get these steps down, you can kiss your dreams of financial freedom goodbye.

We’ll touch on how to define your investing goals to get what you REALLY want out of life, how to evaluate whether or not you’re even in a financial position to invest, how to fix your bad finances if they’re not up to shape, building a solid emergency reserve for when things go wrong, and what the experts say you NEED to know before you invest in 2024.

In This Episode We Cover:

The six beginner steps EVERY investor must take before buying an investment property

Investing with the end in mind and deciding what you really want: money or time?

Budgeting, getting rid of bad debt, and how to make and save more money to invest

Building emergency reserves and why skipping on this is a costly mistake that could set you back years

EXACTLY what you need to know before investing (if you can’t answer these questions, you should NOT invest)

Tips to get you to your first rental property even faster

And So Much More!

Links from the Show