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

1031 Exchange—A Definitive Guide for Real Estate Investors

Will a 1031 Exchange Help Grow Your Portfolio?

How to (Legally!) Avoid Capital Gains Taxes on Real Estate

Rich Dad’s CPA on How ANY Investor Can Avoid Taxes

IPX

Asset Preservation Inc

First American

Connect with Ryan:

Ryan's Website

Phone Number: 720-439-6540

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-707

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706: How to Build a Real Estate Portfolio from Scratch in 2023 Dec 27, 2022

Show notes

Want to become a real estate millionaire? You’re in the right place. No matter how much money you’re starting with, how much experience you have, or how many Seeing Greene episodes you’ve watched, it’s ALWAYS possible to build wealth through real estate. But that’s easy for someone like David Greene and Rob Abasolo to say, right? They’ve already made it big, with millions of dollars in cash-flowing income properties. But they didn’t start like this.

David and Rob have come together to ask themselves, “what would we do if it all came crashing down?” If both of them lost their entire real estate portfolios in one fell swoop, how would they build it back up? Today, we put these two real estate legends in the hot seat and give them the biggest nightmare scenario so they can show you exactly how to build a real estate portfolio from scratch, no matter where you’re starting.

David and Rob will also be given certain dollar amounts to use in rebuilding their portfolio. So, if you’ve only got a thousand bucks on you, David and Rob will show you exactly how to use it best to catapult your wealth forward so you can become a real estate millionaire. If 2023 is going to be YOUR year to get started, get going, and get one step closer to financial freedom, we’d suggest following David and Rob’s plan!

In This Episode We Cover:

The biggest challenges real estate investors face today (and how to solve them)

Raising private capital, real estate syndications, and how to use other people’s money to build wealth

Mistakes to avoid when building (or starting) your real estate portfolio

The four steps to take when rebuilding a real estate portfolio and why building your network is so crucial

Rental arbitrage and why it’s a great no money down strategy for cash flow

House hacking and the low down payment loans you can use to buy properties for cheap

Boosting your brand, creating content, and how to build a reputation in real estate

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

How to Make 100% Passive Income

How to Build a Real Estate Portfolio from SCRATCH in 2023

The Ultimate Guide to Airbnb Rental Arbitrage

How to Become a Real Estate Millionaire (NO Experience Necessary)

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-706

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705: Portfolio Architecture 101: The 5 Keys to Building a Financial FORTRESS (Part 1) Dec 25, 2022

Show notes

You may know how to build a real estate portfolio, but how do you build an unshakeable one? Most real estate investors think that buying a few dozen dirt-cheap houses is all they need to do to make millions and live a life full of passive income. This is far from reality, as your entire net worth could come crashing down as soon as a housing market crash, correction, or new rental policy comes into play. So how do you build a sustainable real estate portfolio—one that will grow your wealth even during the worst of economic times?

David Greene has touched on this topic numerous times, often referring to “portfolio architecture” as one of the most crucial aspects of building wealth through real estate. This strategy not only helps you grow wealth but keep it even when everything goes wrong. Don’t believe us? Listen to David and Rob’s individual stories on what happened to their portfolios during the 2020 lockdowns and how quickly they bounced back while other investors had to completely rebuild.

In part one of this two-part podcast, David and Rob will go through the most common weaknesses in their real estate portfolios, what could cause everything to come crashing down, and the five most important keys to portfolio architecture. They also talk about diversification and how having just one type of real estate in one location could be a huge mistake.

In This Episode We Cover:

Why cash flow isn’t as reliable as most investors think and why you CAN’T depend on it

The few things that could completely destroy your real estate portfolio

Liquidity and how much cash to have on hand/ready to deploy when things go wrong

Why all real estate investors should strive to be “broke millionaires”

Real estate diversification and why you want to own rentals in more than one market

The five factors of portfolio architecture that EVERY investor must pay attention to

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

Buy-and-Hold Investors—Don’t Forget to Diversify

Is The Housing Market About to Collapse?

How to Build a Rental Portfolio That Nets $10K a Month

4 Tips to Balance Out the Highly Seasonal Nature of Vacation Rentals

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-705

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704: The Risks and Rewards of Investing in Raw Land w/Paul Hersko and Willie Goldberg Dec 22, 2022

Show notes

Land flipping is an unusual real estate investment. Unlike all the rest, there are no utilities, renovations, or tenants to take care of. It’s really as simple as buying a piece of land with high demand and finding a seller who either wants to build or sit on it. But can it be that easy? If land flipping is low cost, low risk, and high reward, why aren’t more investors buying raw land? What are everyday real estate investors like us missing that land flippers like Paul Hersko and Willie Goldberg understand?

Paul and Willie, like many investors, didn’t start out in real estate. Willie worked in investment banking while Paul was busy running an ecommerce business. Both were feeling unfulfilled by their work and wanted to build something bigger and better on their own. After a casual skydiving session, Paul and Willie realized they'd be perfect partners together, deciding that buying, selling, and financing raw land was what interested them most.

Now they’re making massive multiples on literal dirt, selling plots online to investors and retail buyers who want to own real estate without the big banks, down payments, and high interest rates. Paul and Willie have built an entire business around these types of deals, and even though land is low-cost, you'd be surprised by how much they make off of a simple land sale. This could be the best low-risk real estate investing out there!

In This Episode We Cover:

The benefits of buying and selling raw land and why it’s far less stressful than regular rental property investing

Flipping land and why offering owner financing almost always gets the deal done

Building a scalable system for your real estate business and the crucial KPIs to track

The risks behind buying raw land and pitfalls to look out for when getting started

Why banks refuse to lend on raw land and using the lack of loans as an opportunity

The one US state that Paul and Willie refuse to buy land in

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

Dirt Cheap Land Flipping and Reaching Motivated Sellers

How To Buy Land & Questions To Ask Before Making Your First Investment

Investing in Vacant Land 101

Work with Discount Lots

Books Mentioned in the Show

Am I Being Too Subtle by Sam Zell

The Hard Thing About Hard Things by Ben Horowitz

Made in America by Sam Walton

Connect with Willie & Paul:

Paul's Website

Willie's Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-704

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703: The 6-Step Guide to Buying Your FIRST Rental Property Dec 20, 2022

Show notes

Don’t think you know how to buy a rental property? Give us just one hour of your time, and you’ll be able to score your first investment property in the next ninety days! No gimmicks, jokes, or get-rich-quick schemes—David Greene and the BiggerPockets team designed this plan specifically for rookie real estate investors who want to get into the investment property game as soon as possible. So, if you’ve been waiting on the sidelines, hoping to one day reach financial freedom, now is the time to plug in and get ready to invest!

David Greene has been investing in real estate for over a decade. Before that, he was a police officer working almost every day of the week, scraping enough money together to buy his first rental property. He reached financial freedom in only a few years, but it took grit, determination, and a tenacious effort to keep moving forwards. Now, he wants to teach you how to do the same, by buying your first rental property in 2023, even with the wild housing market we have on our hands.

David walks through six actionable steps you can start taking to get your first property under contract in just ninety days! If you can carve out fifteen minutes of your workweek for the next few months, we know you’ll be closer to investing than ever before. Anyone can follow these steps to start buying real estate, no matter how much experience or money they're starting with. Ready to invest? Hit play!

In This Episode We Cover:

How to buy your first rental property in ninety days (or less)

The six steps ANY investor can take find, analyze, fund, and buy an investment property

Where to find real estate deals and the easiest (and hardest) way to do so

Analyzing a live deal using the BiggerPockets Rental Property Calculator

Funding your first rental property and how to do so even if you have no money

Why real estate investors LOVE BiggerPockets Pro (and why you will too!)

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

Rental Property Calculator

Rent Estimator

Pro-Exclusive Videos

Already a BiggerPockets Pro Member? Get the Bonuses from Today’s Webinar

Find an Investor-Friendly Lender

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-703

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702: Seeing Greene: Do 40-Year Mortgages Ever Make Sense? Dec 18, 2022

Show notes

Renting vs. buying a home, forty-year mortgages, HELOCs, and relationships vs. real estate. There’s something for everyone on this episode of Seeing Greene, as David tackles questions that go far beyond just basic investing. And as the housing market continues to get even more confusing, homebuyers, landlords, and sellers are stuck with some serious debates that only an expert agent, mortgage broker, and investor like David can answer!

When choosing to rent vs. buy a home, David uses some geographic-specific data to decide which markets make more sense to own. Then, we have a question on how an interest-only mortgage works, and whether not paying into principal is a waste of time or a better option for cash-flow-strapped landlords. If you’re thinking of buying a property in all cash, David has some advice as to why now may not be the time to use loan-free dollars to get a better deal. Finally, David takes a more personal question from a listener, asking when to put real estate over relationships and why dating feels like a “waste of time” when trying to build wealth.

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:

Buying vs. renting and when house hacking makes sense EVEN if you lose money every month

Using a HELOC (home equity line of credit) to buy your first rental and the dangers of doing so

Investing in your business vs. buying more real estate and when to do both

The “lease-back” agreement and why it’s a phenomenal way to get a tough deal done

Buying rentals in cash and why it may be a mistake as the markets shifts more to the buyers

Having a social life vs. investing and why so many investors find dating a waste of time

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

Renting vs. Buying a House: Which Makes More Sense in 2022?

The Pros and Cons of a Lease Forward (or Lease Back)

Should You Pay Cash for a House? Maybe Not—Here’s Why

Learn More About David’s Full Real Estate Team

Books Mentioned in the Show:

SOLD by David Greene

SKILL by David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-702

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

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701: The Post-Crash Pivot: Why Investors NEED to Change in 2023 w/Eric Brewer Dec 15, 2022

Show notes

The housing market is an unstable beast. As soon as you’ve got your footing in one strategy, it violently jerks you into another, often by force. This is how most investors felt during the great recession as flipping profits dried up, home sales fell off a cliff, and investors were faced with a tough question, “who’s going to buy these deals?” While many investors stood on the sidelines, hoping that someone would save them, Eric Brewer did something much different, and it’s a move that’s paid off heavily over ten years later.

Before the crash, Eric was a car salesman, but he wasn’t the type you’re imagining. His main strategy was “talk to everyone,” and it earned him salesman of the month almost every month. But selling cars didn’t make for a family-friendly schedule, so he pivoted into real estate investing and took the dealership’s owner with him. They were flipping hundreds of houses a year, making tenfold what they were used to when selling cars. But then the housing crash happened, and once again Eric needed to pivot.

Now, instead of just flipping, he’s doing wholesale deals, novation contracts (MUCH bigger profits than wholesale), turnkey rental sales, and more. As the housing market has changed, so has Eric’s mindset, never betting on one strategy to be the one that brings home the bacon. Eric has stayed ahead of the game, blatantly ignores the “expert advice” off-market investors like to peddle, and pivots as soon as the market shows signs of a move. In this flip-flop market we’ve experienced over the past two years, this is EXACTLY what investors need to hear.

In This Episode We Cover:

How Eric closes on over thirty real estate deals a MONTH using simple marketing tactics

The biggest “buyers list” no one knows about, and why you won’t find it where you’d think

Why most people HATE salespeople, and how to get around the common seller/buyer objections

BRRRRing > flipping and why the tax code favors holders over flippers

Eric’s top ways to find off-market deals and why you should NEVER disqualify a lead

Novation deals and why they’re better and more profitable than wholesaling in 2023

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

7 Situations That Cause Investors to Pivot ( & How to Play the Cards You’re Dealt)

The Best Kept Secret for Finding Off-Market Deals

How To Find Great Deals by Building an Off-Market List

Crash or Correction: Are We Repeating 2008’s Mistakes?

Connect with Eric:

Eric's BiggerPockets

Eric's Instagram

Eric's Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-701

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

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700: How Rob Dyrdek Fits Family, Real Estate, and $100M Businesses into His Day Dec 13, 2022

Show notes

Rob Dyrdek is one of the most well-known pro skaters, entrepreneurs, and media figures of all time. He essentially owned the MTV lineup for years with hit shows such as Rob & Big, Rob Dyrdek's Fantasy Factory, and Ridiculousness. At first glance, Rob may look like a phenomenal skater who turned his passion into something profitable. But behind the half pipes is an almost unbelievable amount of discipline, wisdom, and time optimization that only a select few know about.

Rob, like many entrepreneurs, ditched school early on when he realized that his talents were best used elsewhere. He left high school at sixteen, went on to compete in the highest level of skateboarding, and started his first company at seventeen. He was bringing in millions of dollars a year at an age where money is almost incomprehensible. Rob was fueled by creation, starting dozens of businesses that were doing millions in revenue but weren’t making a financial difference in his life. So, he took a high-level view of what was worth keeping and cut out everything but that.

From then on Rob began investing down two major avenues—businesses and real estate. Most people who follow Rob know about the former, but very few know about the latter. Now, Rob’s on the show to help us celebrate the 700th episode of the BiggerPockets Real Estate Podcast and show us how we too can make millions of dollars by tracking every minute of our day as intelligently as possible.

In This Episode We Cover:

Becoming an entrepreneur and Rob’s earliest business ventures

Why quantity over quality is key when building businesses and brands

Real estate syndications and why Rob will only touch a certain type of property

The “soul-sucking” landlord life and why it is NOT for everyone

Rob’s recession-proof plan that will make him millions even as investing fear peaks

Tracking your life and how doing so will make you richer and happier almost automatically

Building your financial framework and how so many doors open after you do so

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

Why Elite Investors Know Exactly How Much Their Time Is Worth

Syndications and Everything You Need to Know BEFORE You Invest

Here’s What It Takes to Succeed as an Entrepreneur

Connect with Rob Dyrdek:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-700

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699: Seeing Greene: How Do I Buy Another Property When My DTI is Too High? Dec 11, 2022

Show notes

Having a high DTI (debt-to-income) ratio is enough to stop many would-be investors from taking the leap and buying their first, or next, rental property. So, what do you do when your income isn't enough to buy the next property? What if you've used up all your financeability on your primary residence or house hack? How can you squeeze out a loan to buy another property?

We’re back on another Seeing Greene episode, where your “one away from seven hundred” host, David Greene, is here to give you practical advice on buying and selling properties. In today’s episode, we take multiple video and written submissions, with topics touching on how to buy more real estate when your debt-to-income is maxed out, what to do with a dangerous tenant, refinancing at today’s high interest rates, and why off-market deals aren’t always what they seem to be. And, if you’ve struggled with setting standards before, you’re in for a special treat, as David gives himself (and all of you) a personal pep talk on expecting excellency.

Want to ask David a question? If so, submit your question hereso 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 Instagramto 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:

The bright side of BRRRRing even with rising interest rates

DTI (debt-to-income) requirements and getting around them for your next deal

When it’s worth selling a rental property that has a low interest rate loan on it

Off-market real estate deals and knowing when a difficult deal is worth pursuing

Setting high standards for yourself and your team while not getting bogged down by lackluster work effort

What to do when a tenant poses a danger to not only themselves but your 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

Set Your Goals with David and Rob

Books Mentioned in the Show

SOLD by David Greene

SKILL by David Greene

Buy, Rehab, Rent, Refinance, Repeat by David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-699

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

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698: From Toxic-Marriage to Financially Independent Mom with 13 Units w/Sarah King Dec 08, 2022

Show notes

Finding financial freedom is hard enough, but doing so right after going through a toxic divorce can seem almost impossible. All of a sudden, you’ve gone from a two-income household to just one, your children are now your sole responsibility, and you’ve got to almost financially start over. Finding financial independence after events like this would be awe-inspiring—so imagine you did it all in just two years. Sarah King did just that, with thirteen units under her belt since buying her house hack property in 2020.

Sarah worked hard to put herself in a strong financial position. She was a debt-free disciple who paid off six figures in debt. Then, she focused on her savings, minimizing her expenses and increasing her income as much as she possibly could. But then, when everything started to feel stable, she uncovered something that would unravel her marriage. She went from financially stable to undoubtedly anxious in a matter of days. But it’s what she did next that was incredible.

Knowing she had to do whatever she could to take care of her daughter, Sarah went on rental property shopping spree. She built the portfolio she knew her family needed, and now just two years later, she’s enjoying the fruits of her non-stop labor. But how did she get the money for the deals? What strategy allowed her to cash flow so much in such a short amount of time? If you want to do what Sarah did, you’ll have to tune into this episode.

In This Episode We Cover:

How to achieve financial independence through real estate in less time than you think

House hacking and why it’s arguably the best way to start investing

Why being scared of debt is a downside when trying to build a rental property portfolio

The medium-term rental strategy and using it to get better cash flow on smaller units

Private money lending and how to raise private capital from those who know and trust you

Hiring, outsourcing, delegating, and how to free up much more time in your life

The phenomenal funnels that will bring you the best tenants, deals, and more money!

And So Much More!

Links from the Show