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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

BiggerPockets Podcast 680 with Direct Booking Expert, Mark Simpson

The Ultimate Guide to Short-Term Rental Properties

Airbnb Horror Stories (& How You Can Prevent Your Own)

Watch Rob’s Vlog on The Scottsdale Mansion

Learn More About David’s Upcoming Retreats

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-727

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726: Future Millionaires: Why You Should Start Making "Offensive Offers" Feb 12, 2023

Show notes

Your lowball offer might seem offensive to most sellers. But, when phrased and timed correctly, you’ll be able to lock down real estate deals at the perfect price, sometimes without the seller even knowing it. Unfortunately, most real estate investors make a MASSIVE mistake when negotiating. Too often, they ask for everything they want when making an offer, not knowing there are ways to get an even better price later on. Want to see how this sneaky style of negotiation works? Stick around!

We’re back with our real estate mentees as they get one step closer to buying their next property and building their dream real estate portfolio. First, we chat with Philip, who lost out on the perfect deal but now knows a better way to get properties under contract. Then, Danny joins us as he stays on the hunt for a multimillion-dollar multifamily but is struggling to find reasonably priced properties in his area. Finally, Wendy is on as she debates which of her rentals have the best medium-term tenant potential. She also dives into a new market that could be perfect for her high-cash flow house hacking strategy.

We also get deep into the mindset of these intermediate investors. We’ll talk about why it’s so hard to let go of a great deal, how to systematize your learning so you’re constantly leveling up your skills (even during a busy day), breaking through analysis paralysis, and why your limiting beliefs are often untrue. So if you want to tee up your next real estate deal like Philip, Danny, and Wendy, tune into this episode!

In This Episode We Cover

Why you NEVER submit your final offer when trying to get a perfect property under contract

Buying raw land and how to perform due diligence on an untraditional asset

Embracing the chaos and how to build your real estate portfolio with a jam-packed schedule

Why 2023 is the perfect market to write “offensive offers” on properties

Medium-term rental investing and which markets work best for it

Analysis paralysis and how your mind tricks you into not succeeding

The ONE thing that most house hacking investors forget when looking for new deals

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-726

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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

725: Leaving Pro Sports and a Violent Past to Forge Financial Freedom from SCRATCH w/Suni Rao Feb 09, 2023

Show notes

To invest in real estate, you need to have a strong why. Without it, you won’t get far, and the first fumble that comes your way may be your last. That’s why having a solid reason behind your real estate investing can keep you going while the rest give up. And this is precisely what Suni Rao’s success is built on as a former pro tennis player turned financial analyst and now ten-unit real estate investor. You may think you know her story already since she was a former pro, but you’d probably be wrong.

Suni was raised in a household of domestic violence. As a child, she knew that if she only had enough money, she could escape and finally be free of the abuse. So when the opportunity came for her to play pro tennis at a young age, she took the chance without ever looking back. This dream continued until her early twenties, when she was physically forced to give up her goal of winning the world’s biggest tournaments.

She took a hard pivot, eventually leading her to climb the corporate ladder, only to have some crushing feedback knock her off. However, none of this stopped Suni from building the life she wanted in the background. After one property came another, and another, and another. Now, with ten units to her name, she’s making massive strides toward financial freedom and is here to tell you exactly how you can do the same.

In This Episode We Cover

Financial insecurity and how to regain your freedom through real estate investing
House hacking and using it as a stepping stone to invest in bigger, better properties
Leaving the corporate ladder behind to build your own wealth without an employer
Sports lessons of resilience that any real estate investor can relate to
How to stop limiting beliefs and doubts from derailing your dreams
Why property class matters and how buying in better neighborhoods will make you more
How to “force appreciation” and gain massive equity on your properties
And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-725

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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724: The 3-Step System to Scale ANY Real Estate Portfolio Feb 07, 2023

Show notes

You need to know how to scale your real estate portfolio. You’ve been stuck at the same number of units, dealing with the same problems for far too long. But what can you do? At what point do you reach a limit to the number of rentals you can take on? Is there even a limit at all? For most investors, hitting a wall in your real estate portfolio can feel like the beginning of the end. For David Greene, this just shows that you need to scale a little smarter. And today, he’ll show you exactly how to do it.

David, at one point, had a portfolio of over fifty single-family homes. As a result, he was constantly getting calls about evictions, maintenance issues, late payments, and the everyday landlord headaches. He realized that he was spending all his extra cash flow fixing the regularly sprouting problems, so he decided to pivot. Now, he has a cash-flowing, profitable, passive real estate portfolio with multiple types of rentals nationwide and far fewer headaches. Not only that, he’s leading a top real estate agent team, teaching his top agents the same skills in his newest book, SCALE: A Successful Agent’s Guide to Leveling Up Their Real Estate Business.

In it, David teaches top agents how to leave the mundane headaches behind and start building a business. But this book isn’t just for agents. If you’re an investor, the same rules apply to you, and learning these skills can help you leverage time, money, and other workers to help you grow an even bigger business.

Pre-Order SCALE now, and use code “SCALE724” to get a special discount and access to exclusive pre-order benefits.

In This Episode We Cover:

A deep dive into David’s newest book, SKILL

How David went from blue-collar worker to seven-figure business owner

The two pieces of any successful system (and the part EVERYONE screws up)

Why finding your weakness is the key to unlocking wealth

Learning how to leverage time, money, and workers to build your business bigger

The “three dimensions” of scaling and which one you MUST start putting into practice today

Fish-cleaning vs. fish-catching and how to adapt your skills when building your real estate portfolio

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

The 5 Things You Need to Build a $1,000,000+ Rental Portfolio

Books Mentioned in the Show

SCALE by David Greene (Use Code “SCALE724” at Checkout)

SKILL by David Greene

SOLD by David Greene

BRRRR by David Greene

Long-Distance Real Estate Investing by David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-724

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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

723: Seeing Greene: Why This Recession is a HUGE Opportunity for Investors Feb 05, 2023

Show notes

The 2023 recession is both an opportunity and a danger for real estate investors nationwide. Falling prices, rising mortgage rates, and an uncertain housing market have made buying rental properties riskier than at any other time in the past ten years. But, the flip side of this coin is that a lack of buyers and harsh buying conditions makes it easier than ever to pick up homes in grade-A areas, many of which could help you realize massive returns in the future. So, is now the time to buy?

Welcome back to Seeing Greene, where expert investor, agent, broker, and author, David Greene, answers your recession-based real estate questions on the spot. We take questions from new investors struggling to find cash flow in today’s challenging market and long-term property owners who don’t know what to do with all their equity. We’ll also hit on the touchy subject of when to quit your job, when you have too much debt to invest, and the difference between a property manager and an asset manager (most people get this wrong!).

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 hop on a live Q&A and get your question answered on the spot!

In This Episode We Cover:

Why cash flow is NOT the most important metric when buying in 2023

Using the recession to snag better deals on homes in appreciating areas

Selling vs. renting and what to do with a house that has heaps of equity

When to quit your W2 and whether or not doing so in a recession is too risky

Overleveraging yourself and why you may want to hold off on investing if you have high debt

Lease options and using them to buy properties from on-the-fence sellers

Asset management vs. property management and how these two titles differ

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

10 Challenges to Seriously Consider BEFORE Quitting Your Day Job

Join David’s Scottsdale Retreat

Books Mentioned in the Show

SCALE by David Greene

SKILL by David Greene

How to Invest in Real Estate By Joshua Dorkin & Brandon Turner

Recession-Proof Real Estate Investing by J Scott

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-723

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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

722: David Greene's Untold Story of 7-Day Workweeks to 7-Figure Net Worth Feb 02, 2023

Show notes

Cash flow, cartels, building a real estate empire, and everything in between—this is the story that many have yet to hear. The world of a real estate investor can seem glamorous. There are always so many properties, cash flow, retreats, speaking events, and jam-packed, money-making schedules that most nine-to-five workers would be envious of. However, what you’re seeing is the result, not the journey. What about the seven-day work weeks, the night shifts, the financial stress, the bad tenants, and the failures? This is what made David Greene what he is today.

To most, David Greene is the epitome of an entrepreneur. He owns a multimillion-dollar real estate portfolio, multiple cash-flowing companies, and hosts the best real estate podcast ever (we’re not biased). But just fourteen years ago, this was far from his reality. David was waiting tables, working at restaurants, trying to become deputy sheriff, and had no real estate to speak of. He sacrificed almost every weekend to make more money so he one day could own his schedule.

In this episode, you’ll hear precisely how David hustled for years to buy his first property, how his first tenant stole thousands from him, the long nights he spent working overtime to save up even more, and how eventually everything clicked, and he started building wealth at record speed. If you want an authentic look into the making of a real estate tycoon without the rose-colored hindsight, this is the episode to tune into.

In This Episode We Cover:

Investing during the great recession and why most investors wouldn’t touch real estate

The worst first-rental property experience ever and why you NEED to screen your tenants

Why every investor needs to respect money, not just try to make more of it

Doing whatever you have to do to save up, invest, and build a brighter future for yourself

Building the BRRRR strategy and accidentally finding a way to recycle down payments

Out-of-state investing and how to pivot when your market becomes too expensive

Strengthening your financial foundation so you can invest wisely and work way less

Rob and David’s Russian-Mexican Spanish and how to confuse everyone in Latin America

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

Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene

Books Mentioned in the Show

BRRRR by David Greene

Long-Distance Real Estate Investing by David Greene

SCALE by David Greene

SKILL by David Greene

SOLD by David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-722

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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

721: Commercial Real Estate Could Crash, But Are Everyday Investors Impacted? w/BiggerPockets CEO Scott Trench Jan 31, 2023

Show notes

A commercial real estate crash is looking more and more likely in 2023. Rising interest rates, compressed cap rates, and new inventory about to hit the market is making commercial real estate, and multifamily more specifically, look as unattractive as ever to a real estate investor. But with so much money still thrown at multifamily investments, are everyday investors going to get caught up in all the hysteria? Or is this merely an overhyped crash that won’t come to fruition for years to come?

Scott Trench, CEO of BiggerPockets and host of the BiggerPockets Money Podcast, has had suspicions about the multifamily space since mortgage rates began to spike. Now, he’s on the show to explain why a crash could happen, who it will affect, and what investors can do to prepare themselves. This is NOT a time to take on the high-stakes deals that were so prominent in 2020 and 2021. Scott gives his recommendations on what both passive and active investors can do to keep their wealth if and when a crash finally hits.

But that’s not all! We wouldn’t be talking about multifamily without Andrew Cushman and Matt Faircloth, two large multifamily investors who have decades of experience in the space. Andrew and Matt take questions from two BiggerPockets mentees, Philip and Danny, a couple of California-based investors trying to scale their multifamily portfolios. If you want to get into multifamily the right way or dodge a lousy deal, stick around!

In This Episode We Cover:

The commercial real estate crash and bad news for high-interest rate investors

Cap rate compression, rent stagnation, and red flags for the multifamily market

Recommendations for both active and passive multifamily investors

How to vet a real estate syndication deal when raising private capital

Scaling from small to large multifamily and why the jump is easier than you think

Cash flow vs. appreciation and which is a better bet if valuations start to tank

Balloon payments, adjustable-rate mortgages, and risky financing options putting new investors in a tough spot

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

Understanding Rental Property Depreciation—A Real Estate Investor’s Guide

House Hacking 101—What It Is and How to Get Started

Your Debt-to-Income Ratio Can Make or Break Your Investing Career

On The Market Podcast 65 with Ben Miller

On The Market Podcast 71 with Brian Burke

BiggerPockets Real Estate Podcast 708

BiggerPockets Real Estate Podcast 719

Book Mentioned in the Show

The Hands-Off Investor by Brian Burke

Connect with Andrew, Matt, Dave, and Scott:

Andrew's BiggerPockets Profile

Dave's BiggerPockets Profile

Matt's BiggerPockets Profile

Scott's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-721

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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

720: Seeing Greene: Why Interest Rates Don’t Matter As Much as You Think Jan 29, 2023

Show notes

How important are mortgage rates to real estate investing? Should I take out as much depreciation as possible to lower my taxes? And what should I do when my DTI (debt-to-income) ratio is too high? You’ve got the questions, and David Greene has the answers! On this episode of Seeing Greene, David goes high-level, getting into the topics like real estate tax benefits, return on equity (ROE), and why loans and leverage are riskier than most rookies think!

We’ve got questions from house hackers, BRRRRers, multifamily and commercial investors, and more on this week’s Seeing Greene. First, we hear from a college student trying to house hack in an expensive housing market. Then, a family who has outgrown their space and wants to use creative financing to buy their next primary residence. And finally, a mother concerned that real estate investing could affect her children’s stability. Don’t know what you’d do in these situations? Then, stick around! David’s got the answers!

In This Episode We Cover:

How to house hack even in a high-priced housing market

BRRRRing into a higher interest rate and when it makes sense to cash out

Creative financing strategies and whether or not they’re worth using for residential real estate

Margin loans and when it makes sense to take out leverage from your stock portfolio

ROI (return on investment) vs. ROE (return on equity) and how to value a primary turned rental property

House hacking’s effect on family life and when moving isn’t worth the money

Bonus depreciation explained and the short-term gain, and long-term pain of big tax deductions

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

Understanding Rental Property Depreciation—A Real Estate Investor’s Guide

House Hacking 101—What It Is and How to Get Started

Your Debt-to-Income Ratio Can Make or Break Your Investing Career

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-720

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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

719: Future Millionaires: The Real Estate Investing Hurdle You MUST Get Over Jan 26, 2023

Show notes

Knowing how to find real estate deals can be challenging for new and experienced investors. For those who want to build bigger portfolios beyond just buying single-family rental properties, finding multifamily, development, or perfect medium-term rental deals can be a struggle. You have to be in the know and have a network full of agents, brokers, lenders, and other investors who can throw deals your way, so you don’t have to dig through the scraps that bigger investors (or investment firms) have left behind.

This is a struggle that all three of our ninety-day mentees have faced since we spoke to them last. We’ll be getting updates on all their situations in today’s episode as David and Rob work to get them to their next investments as soon as possible. First, we talk to Philip, who’s still struggling to find adequate land for his future resort. He’s successfully made one offer but has yet to receive a counter. Next, Wendy wants out of turnkey rentals and is looking into more cash-flow heavy real estate investments like medium-term rentals that can provide her the retirement she dreams of.

Lastly, we talk to Danny, who’s struggling to connect the dots that will lead to his next property. As an introvert, finding contractors in the field has become challenging, although he has started to reach out to other investors he knows in his area. A common thread in this episode is that ALL our mentees are finding a pain point stopping them from reaching their next property. Of course, what they do next is entirely up to them, but you’ll hear case-by-case advice from David and Rob, which could also help you on your next deal! So if you’ve hit a roadblock on your path to real estate wealth, don’t give up—tune in!

In This Episode We Cover:

Purchasing raw land and the pros and cons of trying to buy what is worth developing

Private money lending and raising private capital as a way to make more income on the side

How to increase your real estate deal flow and get more properties (or parcels) sent to you

The high-cash flow world of medium-term rental investing and why it may be worth converting your units

How to find contractors, real estate agents, and other team members for your next investment

Networking 101 and what introverts can do to build a list of other investors who can help them along their way

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 the First 90-Day Mentee Episode

Jesse's Instagram

Book Mentioned in this Episode

30-Day Stay by Zeona McIntyre & Sarah Weaver

Connect with Danny, Philip, & Wendy:

Danny's BiggerPockets Profile

Philip's BiggerPockets Profile

Wendy's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-719

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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

718: BiggerNews: The State of Real Estate in 2023 and 3 Ways to Beat a Bear Market Jan 24, 2023

Show notes

Most 2023 housing market predictions sound like this, “The sky is falling! Sell everything! Houses will be worth $1 next year! This is just like 2008!” Look at the track record of those who shill predictions like this. These are the same forecasters who have been predicting a crash will happen at some point over the last ten years. Now, with a whiff of fear in the air, mainstream real estate journalists will do anything they can to convince you we’re having a repeat of 2008. However, this is far from the truth.

But how could we forecast the 2023 housing market without data? And where there’s data, there’s Dave Meyer, VP of Data and Analytics at BiggerPockets and host of the On the Market podcast. Dave and his team have recently released “The 2023 State of Real Estate Investing Report,” which gives all the housing market data you need to invest successfully in 2023. In it, Dave shares how the 2022 housing market flipped once the Fed raised rates, how supply and demand have been affected, and what we can expect for 2023.

Dave will also go over the three investing strategies he feels are more appropriate for investing in 2023, including a completely passive way to invest, a cash flow and appreciation combo, and how buyers can take advantage of this market to get deals at a steep discount. While we can’t predict the future, we can give you our best insight into what you can do to build wealth in 2023. So turn off the mainstream fear forecasting and tune into real news designed to make you richer!

In This Episode We Cover:

Why 2023 is not a “normal” housing market and the details leading up to today’s state

The “levers” that affect home prices and why 2023 is NOT the same as 2008

Seller’s vs. buyer’s markets and where prices are most expected to dip

Homebuyer demand and how unaffordability has caused most buyers to sit on their hands

Mortgage rate increases and how the Fed is using high rates to combat inflation

The three strategies that work in today’s housing market and how to invest while others sit on the sidelines

2023 housing market predictions and when we could potentially see home prices bottom

And So Much More!

Links from the Show