BiggerPockets Real Estate Podcast

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

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Here are 92 of the Most Affordable Housing Markets in the World

Modular Homes Make a Comeback

The Harsh Reality About Pre-fab Homes and Why I Won't Ever Buy Them

Book Mentioned in the Show:

10 Things You Need To Know About Land by Cheryl Sain

Housing For Purpose by Whitney Chaffin

Connect with Kristina:

Kristina's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-771

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770: Retirement Accounts Collecting Dust? Use Them to Buy Real Estate! w/Kaaren Hall May 25, 2023

Show notes

Did you know you can invest in real estate using funds you’ve probably forgotten about? For years, you’ve been socking away money into your IRA or 401(k) to ensure an abundant retirement. The problem? You’ve only been able to invest those funds into passive investments like stocks, bonds, and mutual funds. What about the investors who want a more active income stream with bigger tax benefits, more equity upside, and plenty of cash flow? Can you use your retirement accounts to build wealth with real estate?

If you ask Kaaren Hall, her answer is a resounding yes. Kaaren saw quickly how the real money was being made in real estate, so she began investing herself, later realizing that she could use her retirement funds to build a real estate portfolio faster. She founded uDirect IRA Services to help other investors build wealth a better way, opening up more options for passive income, so your retirement accounts can grow into the millions.

If you want to scale your real estate portfolio but don’t have the cash on hand, this could be your PERFECT option. Kaaren goes over exactly how to use your retirement accounts to invest in real estate, what you can (and definitely can’t) do when investing this way, and how you can start raising capital for your own deal using other people’s retirement funds. This is a $40 trillion untapped opportunity, so don’t miss out!

In This Episode We Cover:

Tax-free real estate profits and using self-directed IRAs to build your retirement accounts

How Kaaren used retirement funds to buy her newest investment property

The self-directed IRA explained and why SO many savvy investors use one

The “layers” of retirement that’ll help you build massive wealth for later in life

Mistakes you can make when using self-directed funds to invest (and how to avoid them)

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Hear Dave on the “On the Market” Podcast

Subscribe to the “On The Market” YouTube Channel

Henry's BiggerPockets Profile

Henry's Instagram

The Self-Directed IRA: What You Should Know About This Wealth-Building Tool

How to Invest in Real Estate With a Self-Directed IRA

Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth"

Book Mentioned in the Show:

BRRRR by David Greene

Connect with Kaaren:

Work with Kaaren

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-770

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

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769: The Beginner’s Guide to “Infinite Investing” with the BRRRR Method May 23, 2023

Show notes

The BRRRR method allows you to buy rental properties faster, smarter, and with far less cash than ever before. It’s one of the most popular real estate investing strategies around, allowing almost anyone to take a small amount of money and turn it into an extensive rental property portfolio. And while this may seem complicated to imagine for the everyday worker or small landlord, BRRRR can change your life and supercharge your wealth, but only if you know how it works.

Of course, we have Sir BRRRR himself on the show, David Greene, to describe exactly how the BRRRR method works, what’s changed in 2023, and the signs you have a great BRRRR deal on your hands. Not only that, David will show you where to find the best BRRRR deals, how to analyze your properties BEFORE you buy, and the rules of thumb you should follow to ensure you’re getting the best BRRRR property possible. He’ll also sprinkle in some expert tips that allow you to maximize the value of your property while paying the least out of pocket!

Start building wealth with BRRRR today! Get unlimited access to exclusive tools, leases, and more when you sign up for BiggerPockets Pro and use code “BRRRR20” for a special discount.

In This Episode We Cover:

How to use the BRRRR strategy to build a rental property portfolio faster

Why SO many investors leverage the BRRRR method when they start investing

Where to find BRRRR deals and the three types of “distress” to watch out for

Signs of a good BRRRR and real estate rules of thumb you should follow

Using the BiggerPockets BRRRR calculator to analyze your next property

The ONE tool great investors use to scale their portfolios even faster

Cost-saving tips that’ll keep your rehab budget down while boosting the ARV (after repair value) of your BRRRR

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Try the BiggerPockets BRRRR Calculator on Your Next BRRRR Deal

Connect with Other Investors, Hard Money Lenders, or Attend a Meetup:

Forums

Lenders

Meetups

Why the BRRRR Method WON’T Be the Same in 2023

Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth"

Books Mentioned in the Show:

BRRRR by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-769

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

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768: Seeing Greene: Do This BEFORE You Leave Your 9-5 Behind May 21, 2023

Show notes

Want to go full-time into real estate investing? In only a few short years, you’ll be able to make millions of dollars, own a mansion on the beach, and ride your gold-plated jet ski into the sunset without ever having to work again…Of course, none of that is true. But, it’s precisely what the online “gurus” have been peddling for years, seductively luring in burnt-out workers by promising unimaginable income without much upfront work. If you REALLY want to build wealth and amass a portfolio of passive-income-producing properties, this is the show for you.

We’re back with another Seeing Greene, where David goes hard on the havoc real estate gurus have unleashed. He’s here to tell you the truth about getting rich with real estate and why quitting your job to follow your dreams isn’t always the best choice. But, if you follow David’s advice, you can grow a skillset and investment portfolio that’ll lead you to the promised land of plentiful passive income. In this show, we’ll touch on topics like how to supplement your income to buy more properties, turning your side hustle into a full-time gig, when to quit corporate to pursue your real estate dreams, and how agents can instantly get better at their jobs.

In This Episode We Cover:

The truth about going full-time into real estate and why you might want to hold on to your job

How to build up enough capital to start investing even on a median salary

Turning your side hustle into a fully-fledged business and how to know you’re ready to make the leap

Real estate roles to look for when transitioning out of your job and into real estate full-time

What the gurus aren’t telling you about having a career in real estate

Three things that ANY real estate agent or realtor can do to level up their success

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Use the BiggerPockets Calculators to Analyze Properties

BiggerPockets Real Estate Podcast 741

BiggerPockets Real Estate Podcast 753 (Tax Ep)

Books Mentioned in the Show:

SOLD by David Greene

SKILL by David Greene

SCALE by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-768

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

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767: Multifamily Market Update + What a 20 Year Veteran Knows That You Don’t w/Angie Smith May 18, 2023

Show notes

The multifamily market is about to buckle. With sellers still riding the highs of 2022, buyers are at a crossroads; keep pursuing deals or wait for the market to go south. And, with mortgage rates rising and short-term financing coming due, many multifamily owners could be forced to sell their properties to the highest bidder. While some of this may sound like speculation, we’ve got a multifamily forecast straight from an expert in the industry, Angie Smith, from Strategic Management Partners.

Angie and her company manage 25,000 rental units at a time. Yes, you read that right! For the past decade, Angie has been the go-to manager for top apartment complexes across Georgia, dealing with everything from noisy tenants to in-unit farms and goat grilling operations (seriously). She knows the ins and outs of property management, what makes a good property manager, and why self-managing isn’t always the wisest move.

In this episode, Angie gives her take on the 2023 housing market and when she thinks multifamily will start to get shaky, why most investors are wrong about property management, how to choose a property manager, and the questions you should ask ANY management company before you hire them. If you want TRULY passive income through real estate, you DON’T want to manage your rentals alone.

In This Episode We Cover

2023 multifamily market updates and when prices could start to fall

Lessons learned from managing 25,000 rental units, plus an INSANE story about an in-unit butchery

Third-party property management vs. self-management (and who can handle it)

Three questions to ask ANY property manager before you hire them

“Receivership” and what happens to owners who can’t pay their bills

What you should NOT ask a property manager to do on your behalf

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-767

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

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766: Explosive Growth Could Be in Store for These Two Real Estate Markets w/Kim Meredith-Hampton and Victor Steffen May 16, 2023

Show notes

Two real estate markets still look like they’ve got room to grow in 2023, even as home prices face downward pressure for high mortgage rates and days on market begin to creep up. Markets like these two exploded in 2020-2022 and are still seeing strong demographic signs that more growth could be on the way. But, as two markets that have witnessed some of the most dramatic price appreciation in history, is now a worthwhile time to invest?

In this episode, we’re doing a market deep dive into two hot housing markets, Tampa, Florida, and Dallas, Texas. These two metro areas saw population booms like never before, shooting their home prices high and keeping competition hot, even as rates rise. But are these two markets starting to see a slowdown in 2023, or are there surefire signs that another wave of buyer activity is about to take place? With so many Americans moving to Texas and Florida, could this be the appreciation play of a lifetime?

We’re joined by Kim Meredith-Hampton and Victor Steffen, realtors in the Tampa and Dallas areas, respectively, to talk with David Greene and Dave Meyer about the potential of these two property markets. They’ll touch on how to find cash flow even with high home prices, the strategies they’re using today to lock in wealth-building buys for their clients, and why the days of bidding wars and buyer ferocity may be far from over.

In This Episode We Cover:

Updates on the Tampa and Dallas markets and whether or not there are still opportunities to buy

Florida cash flow and whether or not the sunshine state has been tapped out of passive income

The Texas “BEAF” strategy wealthy investors are using to buy better properties

Short-term rental risk and regulations and what to do if your BnB gets banned

Out-of-state investing and which investors should put money into these property markets

Mortgage rate impacts and what high home costs have done to buyer competition

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Hear Dave on the “On the Market” Podcast

Subscribe to the “On The Market” YouTube Channel

Dave's BiggerPockets Profile

Dave's Instagram

Catch Up on The BiggerPockets Blog Articles

Check Out Dave’s Dallas and Tampa Articles:

Dallas

Tampa

Books Mentioned in the Show:

Real Estate by Numbers by Dave Meyer

Connect with Kim and Victor:

Kim's BiggerPockets Profile

Kim's Email

Victor's BiggerPockets Profile

Victor's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-766

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

765: Seeing Greene: Out-of-State Mistakes, “Low Risk” Real Estate, & False Cash Flow May 14, 2023

Show notes

Real estate investing was never meant to be easy, but there are a few ways you can get started without putting a ton of your money or time at risk. Most real estate investors go gung-ho from the start, buying as many cheap rental properties as possible, only later to realize their mistake. But here’s the thing; you don’t need to invest in sketchy markets or buy dirt-cheap rentals to make money, you just need a bit of creativity if you want to get ahead.

On this episode of Seeing Greene, we’re taking you through a plethora of investing strategies. We talk about how to invest in real estate when at the tail end of your career, whether to convert your garage into a rental or buy an out-of-state investment, the true cost of holding onto a risky rental property, and why your “cash flow” numbers probably aren’t what they seem. And, if you’re a young investor thinking of skipping college to dive head-first into real estate, you may want to hear David’s advice before you make that move.

In This Episode We Cover:

House hacking in an expensive market vs. buying an out-of-state rental

Garage conversions and the surprising profits of turning storage space into a rental unit

Going to college vs. becoming an agent and why you don’t have to choose between the two

The low-risk way to begin real estate investing (even if you’re starting late!)

How many bank accounts you REALLY need when running a rental portfolio

When to give up on a risky rental property that has high expenses

1031 exchanges explained and how to dodge taxes when buying a new property

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Out-of-State Investing: The Good and the Bad

Episode Seeing Greene 747

Book Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

The Multifamily Millionaire Volume I by Brandon Turner & Brian Murray

The Multifamily Millionaire Volume II by Brandon Turner & Brian Murray

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-765

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

764: Making $200K/Year in JUST 3 Years with This High-Cash Flow Strategy w/Brittany Swait May 11, 2023

Show notes

For real estate investors, passive income is almost always the goal. You may be making good money at your job, but the long days, longer nights, lack of sleep, and limited time off is probably leaving you feeling fatigued. This is exactly how Brittany Swait felt after a severe diagnosis put her life in danger. She was working harder than ever, but the time with her family was slowly slipping away. That was until she started investing.

Brittany was able to build a fifty-nine-unit rental property portfolio in just three years. These properties bring in a staggering $200,000 per year passive paycheck, allowing Brittany to focus on her family, not take tasks from a boss. But this portfolio wasn’t easy to build, even though it happened quickly. Brittany had to learn the BRRRR method, take considerable risks (like draining her retirement accounts), and put herself in an entirely new position.

Now, just a few years later, Brittany is building her rental property portfolio at a fast pace, but she loves every minute of it. In this episode, she’ll walk through the exact strategy she uses to make such high cash flow, her five tips for remodeling and renovating that will save you TONS of time, and how she’s been able to pull her cash out of the deals she’s doing. If you want to scale your real estate portfolio, Brittany is the person to listen to.

In This Episode We Cover:

The one skill that allowed Brittany to scale from zero to fifty-nine rentals in three years

Medium-term rental investing and how to triple your rent with one strategic move

Using Facebook to find off-market deals and the one factor that matters MUCH more than you’d think

How to estimate rehab costs and five tips you MUST follow when doing a renovation

BRRRRing in 2023 and how to get around the one-year seasoning requirement for a cash-out refinance

Being more than your job and how to build a life that YOU are in control of

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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

Rob's BiggerPockets Profile

Hear Our Episode with Rick Morin on Making $300K/Year with 11 Rental Properties

Medium-Term Rentals: How to Get BIG Cash Flow Out of Small Properties

Book Mentioned in the Show:

BRRRR by David Greene

Connect with Brittany:

Brittany's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-764

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

763: Barbara Corcoran's Wild Real Estate Tactics You'll Want to Repeat May 09, 2023

Show notes

Barbara Corcoran understands real estate arguably better than anyone else. And while most of us know her from Shark Tank, Barbara swims in a league of her own as one of the most successful real estate investors and brokers in New York City. She knows the up-and-coming areas, the overpriced hipster neighborhoods, the streets to stray away from, and which will make you rich when owning real estate. And while Barbara has made a killing, she’s done it in a way foreign to almost any other real estate investor.

If you want to know the “formula” for making a fortune, this is the episode to tune into. In it, Barbara uncovers the exact way she finds the hottest rental markets before anyone else, why she consistently overpays for properties, the reason you should partner on almost EVERY deal you do, and why small-time investors are MUCH more likely to succeed than the big players.

Not only that, but Barbara also shares her past failures and why falling flat on her face was what she needed to see great success. She talks about her infamous word-of-mouth campaign that sold out an eighty-unit apartment complex in hours, the “Corcoran Report” that landed her on the front page of The New York Times, and why you MUST talk to waiters whenever investing in a new area.

In This Episode We Cover:

Barbara’s investing formula that will make you a FORTUNE (if you take the risk!)

A terrible first real estate investment and a crucial finding Barbara learned from failing

Overpaying for properties and why savvy investors don’t worry about the purchase price

Cash-out refinances and why Barbara is ALWAYS taking money out of her properties

Almost unbelievable marketing moves that Barbara made to boost her business

Whether or not buying with today’s “high” mortgage rates is a mistake

Why taking a night drive could be your key to finding the best real estate markets

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

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