BiggerPockets Real Estate Podcast

Grab Henry’s New Book, “Real Estate Deal Maker”

How to Work With Contractors and Manage a Job Site as a Flipping Newbie

(00:00) Intro

(00:41) 1. Becoming an Agent Just to Invest

(04:58) 2. Bad/Slow Communication

(07:30) 3. Being Blinded by Exit Strategies

(12:30) 4. Unrealistic Expectations

(17:03) 5. Working with Contractors

(23:22) 6. Agent Property Descriptions

(25:07) 7. Virtual Staging

(30:47) 8. SO. MUCH. PAPERWORK.

(33:19) 9. Shady Wholesalers

(37:36) 10. Tenants vs. Landlords

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1038

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

The Housing Market is Changing (Deals Are Coming in Winter) Oct 30, 2024

Discounted real estate deals could be coming THIS winter as the housing market begins to “thaw.” Today, Dave is flying solo, bringing you a housing market update on all the crucial factors real estate investors are looking at—home prices, mortgage rates, housing supply, and rent prices. Even with home sales falling by a massive margin, home prices are still at all-time highs, and the housing market is “stuck,” but we could see some sellers taking price cuts this winter if you’re willing to take advantage.

Okay, but how can home prices still be THIS high when the total home sales are twenty percent lower than average and around fifty percent under the recent highs? It’s simple—affordability struggles. High rates, high prices, and “locked-in” homeowners staying in place keep the market frozen. So, why does Dave believe sellers will be more inclined to drop their prices this winter? Where does he believe interest rates will be by the end of the year? And what’s the one thing that could get the housing market “unstuck”?

In This Episode We Cover:

Why Dave believes real estate deals are coming THIS winter

Mortgage rate predictions and how low rates could go by the end of this year

Whether to buy now or wait for affordability to improve, prices to drop, and rates to fall

Why home prices are still rising EVEN with homebuyer demand plummeting

The MASSIVE drop in home sales since the pandemic boom and why prices have remained high

And So Much More!

Links from the Show

Nearly A Quarter of Prospective First-Time Homebuyers are Holding Off Until After the Election: Redfin Survey

Grab Dave’s Book, “Real Estate by the Numbers”

The Fed Finally Cuts Rates, but Will It Even Matter?

(00:00) Intro

(00:50) Home Prices Are Changing

(04:57) The Deals Are Coming

(06:05) MASSIVE Decline in Home Sales

(11:12) So…Why Are Prices High?

(16:19) Mortgage Rate Forecast

(18:14) Buy Now or Wait?

(19:17) Rents Still Struggling

(21:56) Winter Opportunity

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1037

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

Building a Rental Portfolio WHILE Working W2s by “Recycling" Their Money Oct 28, 2024

These two college teammates built a sizable real estate portfolio in just three years by using what they call the “delayed BRRRR strategy.” They’ve used this specific real estate investing tactic (and the regular BRRRR strategy) to turn one duplex into more than a dozen rental properties for their portfolio. They didn’t start with a ton of money and only got into investing together in 2021 when housing competition was high, and rates were soon to rise sharply. So, how does their strategy work, and how can YOU use it to buy more rental properties?

In this episode, these innovative investors, Joe Escamilla and Sam Farman, talk about why it’s CRUCIAL to have great real estate investing partners and how choosing the right one can be the rocket fuel you need to build a financial freedom-enabling rental property portfolio. They share the new “BRRRR” strategy (buy, rehab, rent, refinance, repeat) they’re using to get steady real estate cash flow AND boost their equity at the same time.

We’ll also talk about raising private capital and creating your own real estate syndication so you can buy more real estate using other people’s money and pass along the returns to your investors. Joe and Sam have built a real estate portfolio most investors can only dream of achieving, and they did it all in only three years, during high rates, and while working full-time jobs. Stick around to hear how you can do it, too!

In This Episode We Cover:

The new-and-improved “BRRRR” strategy that lets you “recycle” your money

Signs of a perfect real estate partner and why getting this right is CRUCIAL for growth

Cash-out refinancing to reinvest in real estate and grow your portfolio faster

Why you DON’T want to sit on the sidelines while rates are high and competition is low

Syndications and how to raise money for your next real estate deal

And So Much More!

Links from the Show

Grab the Book on the “BRRRR” Strategy

Rich Dad Poor Dad

The Beginner’s Guide to “Infinite Investing” with the BRRRR Method

Connect with Joe

Connect with Sam

(00:00) Intro

(01:26) The Perfect Partnership?

(03:59) First Duplex in 2021

(11:38) This Works WITH High Rates

(16:25) Using Other People’s Money

(23:33) The New 2025 “BRRRR” Strategy

(28:25) Who Does What?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1036

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

BiggerNews: This Area Has the BEST Cash Flow Potential in the Country Oct 25, 2024

“Lake Effect” cash flow is starting to make landlords rich in this under-the-radar region of the United States. For the past few decades, mainstream real estate investing platforms have almost forgotten this region, and we’ve even overlooked it a few times. Here, landlords can buy affordable homes, make serious cash flow, and see significant investing advantages they can’t get in most other areas. Where are we talking about? Salt Lake? The Great Lakes? Lake Tahoe?

Welcome back to this week’s BiggerNews, where we’re discussing everyone’s favorite subject—cash flow (and a LOT of it). We brought Real Estate Rookie co-host Ashley Kehr, a predominantly cash-flow investor, to the show to share why her home region is finally getting the recognition it deserves for real estate investing.

If you want the residual income that will lead you to financial freedom and an early retirement, this is the region to look at. You can buy homes for a fraction of what they cost elsewhere, all while getting surprisingly high rent prices, leaving you with a serious supply of cash flow at the end of the month. We’re talking about the MOST affordable cities in this area, why the tech industry is moving in, and one crucial advantage that makes this market almost future-proof.

In This Episode We Cover:

“Lake Effect” cash flow and why it’s making landlords wealthy in this affordable area

The most affordable (and cash-flowing) markets in this under-the-radar region

Why more and more tech companies are moving into this overlooked area

Appreciation potential and the cities with cash flow AND rising home prices

The “booming” area that has serious infrastructure support for more jobs/businesses

And So Much More!

Links from the Show

Get Banking Built for Landlords with Baselane

Ready to Start? Grab “The Book on Rental Property Investing”

Top 10 Real Estate Markets for Cash Flow in 2024

Real Estate Rookie Podcast

10 Deals on a $20K Waitress Salary With Ashley Hamilton

(00:00) Intro

(03:22) Still SUPER Affordable

(08:32) Most Affordable Markets

(11:30) Tech Industry is Moving In

(14:57) Climate Resilience

(18:56) Under-the-Radar Markets?

(28:58) This Area is Booming

(32:18) Even More Advantages?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1035

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

Should You Refinance Now? + The Greatest HELOC Hack Ever (No/Low Interest) Oct 23, 2024

“Should I refinance my home NOW or wait?” If you have bought a property in the past two years, every day looks like a better and better time to refinance your mortgage. After the Fed’s big rate cut last month, mortgage rates did the unexpected…they went UP. But, even with these slightly inflated rates, now is looking like a good time to refinance if you bought a home with a higher interest rate. So, should you take the risk of waiting for mortgage rates to drop or lock in these substantially lower rates now?

We don’t know what will happen next, so we brought on veteran lender Caeli Ridge to answer some of our more nuanced questions. Caeli summarizes where rates were, where they are today, and where they could be headed. If you want to know what refinance and HELOC (home equity line of credit) rates are right now, stay tuned because she shares exactly what her clients are getting.

What about paying no or low interest on your next HELOC? Caeli shares what may be the greatest HELOC hack we’ve ever heard of—one that gives you lots of liquidity while keeping your interest payments at the absolute rock bottom. You may have never heard of anything like it, so don’t miss this one!

In This Episode We Cover:

Where mortgage rates are right now for refinances and HELOCs

The HELOC hack that greatly minimizes your interest in your next equity line

Caeli’s interest rate forecast and where she thinks rates could be in the near future

When waiting to refinance could cost you, and whether rates may go UP again

The metrics that influence where mortgage rates will go next (what to pay attention to)

And So Much More!

Links from the Show

Wall Street wants a strong economy. It also wants Fed rate cuts. The two aren’t necessarily compatible

Grab Dave’s Book, “Real Estate by the Numbers”

With Mortgage Rates Falling, When Should Investors Refinance?

Connect with Caeli

(00:00) Intro

(01:52) Interest Rate Update

(06:34) Why Rates Went UP

(11:59) Should You Refinance?

(18:17) Current Refi Rates

(19:37) Best HELOC Hack

(29:01) Interest Rate Forecast

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1034

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

Making 6 Figures Investing After Quitting His $40K/Year Job for Real Estate Oct 21, 2024

What if you could not only replace but make MUCH more than your W2 salary with real estate investing? Now, imagine you could do it all in just two years. Sounds impossible, right? Today’s guest did precisely that, with more barriers than most. Jon Boyd left his W2 job to pursue real estate investing full-time, all while having to provide for his family of six! Now, he’s making much more than his job ever paid him and is building serious wealth in the process. How’s he doing it? It’s simple: direct-to-seller strategies anyone can try.

Unlike many real estate investors, Jon skipped heavily investing during the 2010s, so his wealth is NOT due to the rapid appreciation of 2020 - 2023. As his W2 whittled him down day by day, Jon knew he needed an exit option. So, he tried one simple direct-to-seller marketing strategy, found a great deal, made a serious profit, and decided, “Let’s go ALL-IN!”

Now, just a few years later, he’s a full-time real estate investor, doing over a dozen house flips in a year, with a portfolio of five rental properties, and making MUCH more than his job was paying. The best part? He does almost all of it himself, and if you’re willing to push past your comfort zone, you can, too!

In This Episode We Cover:

The one direct-to-seller marketing strategy Jon uses to find off-market, undervalued deals

How to plan your financial safety nets when quitting your job for real estate

How to talk to a potential seller so they feel comfortable giving you the deal

The one thing you should do before you quit your job (or you’ll regret it!)

How Jon does over a dozen house flips a year with ZERO employees

An unbelievably creative seller finance deal that most investors would never think of

And So Much More!

Links from the Show

Grab Henry’s New Book, “Real Estate Deal Maker”

10 Steps to Kickstart a Winning Direct Mail Campaign

Connect with Jon

(00:00) Intro

(01:09) Given Golden Advice Early

(03:43) Quitting His W2 Job

(08:54) Taking a Big Risk

(12:21) Looking for Off-Market Deals

(16:10) Profit on Direct Mail

(19:09) How to Talk to Sellers

(22:56) Jon's Current Portfolio & Business

(24:24) Doing 12-14 Flips by HIMSELF!

(28:28) Most Creative Real Estate Deal Ever?

(31:49) Can Anyone Do This?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1033

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

BiggerNews: The “Clues” That Point to a Phenomenal Investing Neighborhood Oct 18, 2024

Are there “clues” that point to phenomenal real estate investing areas? We mean the areas nobody knew about until it was too late. The neighborhoods that seem to jump in price overnight, and everyone ends up saying, “I should have bought there when I had the chance!” What if there was a way to easily identify WHICH areas are in the “path of progress” and could make you serious wealth IF you buy today? We brought in an expert with two decades of experience picking these markets.

James Dainard is a rental property investor, house flipper, private money lender, and every other role you can think of in real estate. He’s been investing primarily in one market for his entire career: Seattle, Washington. But, even though he’s sticking to this specific market, he’s diversified by having investments all around the entire metro area, even in places most people wouldn’t DARE to buy in.

Today, he’s sharing his secrets, showcasing precisely what he looks at to identify these hidden but growing real estate areas WITHIN a market. We’ll discuss whether you should focus on the deal or the neighborhood first, “clues” that point to a solid investing area, why zoning will become your wealth-building best friend, and how to identify markets with solid cash flow or appreciation.

In This Episode We Cover:

The “clues” that point to a rising real estate area most people DON’T know about yet

Whether to choose a neighborhood FIRST or evaluate a deal based on its neighborhood

The magic of “upzoning” and how James uses this to boost his portfolio’s worth

The “path of progress” that will have your home value rising FAR faster than others

What to be cautious of when investing in a new area (these could ruin your real estate deal)

Data sources you can use right now to pinpoint exactly where to buy

And So Much More!

Links from the Show

Grab James’ New Book, “The House Flipping Framework”

Is That Neighborhood Up-and-Coming? Here’s How to Tell

Connect with James

(00:00) Intro

(02:35) Neighborhood or Deal First?

(06:51) “Clues” of a Great Neighborhood

(13:14) This is CRUCIAL

(19:57) The Path of Progress

(25:41) Stay Away from This

(31:44) Do This FIRST

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1032

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

2 Resources OTHER Than Money You Can Use to Get into Real Estate Investing Oct 16, 2024

Want to invest in real estate but feel like you don’t have everything it takes? You know you need money for a down payment, skills to manage tenants/perform renovations, and time to find the deals in the first place. But what if you only have one of these? Can you still invest in real estate even without the missing pieces? Today, we’re going to show you how to do just that, no matter how much time, money, or real estate experience you’ve got.

We’re walking through three scenarios with three different investors: Dave Meyer (who had no money/experience), Devon Kennard (who had money but no time/experience), and Tyler Madden (who had skills but limited time/money). Each of these investors was able to build a successful real estate portfolio, all while either being time-stretched, money-stretched, or not knowing how to swing a hammer. They’re sharing the secrets to hiring out/building the other skills so you CAN take down real estate deals, no matter what you’re working with.

If you can combine all the pieces of this “resource triangle,” you have FAR higher chances of succeeding in real estate investing and reaching financial freedom. If you’re a rookie with no real estate to your name, worry not—we’re teaching you what you need to know in today’s episode.

In This Episode We Cover:

The “resource triangle” investing theory and the three things you need to succeed (YOU don’t need all three!)

The most overrated skills in real estate that you can survive without

Building a team and hiring out/outsourcing the resources that you lack

How to start investing if you ONLY have time, money, OR real estate experience

Crucial skills that we WISH we had (you can make a LOT more money with these)

And So Much More!

Links from the Show

Grab the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) Book

Invest in Turnkey Rentals with Rent to Retirement or text “REI” to 33777

Mastering These 2 Skills Is Critical to Success in Real Estate Investing

Connect with Devon

Connect with Tyler

(00:00) Intro

(04:54) Got Skills, But No Time/Money?

(11:51) Got Money, But No Time/Skills?

(18:24) Got Time, But No Money/Skills?

(20:23) Getting Your First Deal Done

(39:51) Building Valuable Skills

(37:18) Most Crucial (and Overrated) Skills

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1030

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

The Right Way to Do “Value-Add” Real Estate in 2024 Oct 14, 2024

What’s the best way to build wealth in 2024? For many, it’s “value-add” real estate investing. You might know what this is, but you may have never heard the term before. Value-add investing is when you buy investment properties, improve them, increase the cash flow, equity, or both, and reap the rewards by holding onto them as rentals or flipping them for quick cash. Today’s investor, Tom Shallcross, is doing just this, but he’s making BIG returns (six figures on flips!) and funneling those profits into his sizable rental portfolio. And he’s doing it all in 2024.

We know that everyone has told you how impossible it is to invest in real estate in 2024, but Tom instantly proves the naysayers wrong. Not only is he flipping houses, but he’s also buying rentals, BRRRRing (buy, rehab, rent, refinance, repeat), and doing it all in a competitive market—Chicago! So what’s he doing differently?

Tom gets the deals before the rest of the investors in his area can, takes on BIG house flips that most investors are too scared to, and constantly reinvests the profits into more real estate. He’s been doing it since 2016 and is STILL finding success in today’s market. How’s he getting the best deals sent to him? How’s he making such large profit margins? We’re uncovering his exact strategy and method in today’s episode.

In This Episode We Cover:

“Value-add” real estate investing explained and why it still works in 2024

Knowing your neighborhood “class” and why Tom switched from C to A

How Tom is making six-figure profits on house flips even in today’s market

Real estate partnerships and the skillsets you need to build a profitable flipping/rental/rehab business

How to get real estate agents to send you properties BEFORE they hit the market

Using short-term projects (flips!) to fund your rental property portfolio

And So Much More!

Links from the Show

The “Value-Add” Playbook: How to Boost Equity and Bring in MORE Cash Flow

Connect with Tom

(00:00) Intro

(02:11) "Accidentally" Investing

(06:46) Getting Started in Cheap Neighborhoods

(09:47) Switching to A-Class Investments

(11:59) Finding Deals Before The Rest

(18:02) Current Flip Profits + Costs

(26:30) Boosting Your Rental's Income

(32:24) What's Next?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1030

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

BiggerNews: “Boomtowns” Are Declining…It’s Time to Take Advantage Oct 11, 2024

Real estate “boomtowns” present a massive opportunity to investors in 2024. A few years ago, buyers were fighting tooth and nail to purchase properties in Austin, Boise, Phoenix, and other red-hot markets. Demand was growing in these cities, and prices were shooting up with no end in sight. But then…it stopped. Prices started declining, vacancy rose, and investors were stuck holding onto properties now worth less than what they paid. The interesting part? These market declines might be only temporary, and those who don’t buy now could be kicking themselves a few years down the road.

To give us insight into which boomtowns are worth buying in and which are worth ignoring is Matt Faircloth, multifamily real estate investor. He saw many investors rush to these real estate boomtowns during the peak and are now struggling to fill their rental units as the boom became a bust. He’s identified a sneaky strategy that allows you to buy properties at a discount in these markets to make money while the FOMO investors search for an exit option.

We’ll talk about the cities with the most hype, the ones worth investing in, the future boomtowns that most are ignoring, and the massive opportunity of “economic spillover” that could lead you to markets with the best future potential.

In This Episode We Cover:

The future “boomtowns” that most investors have no clue about (get in early)

How boomtowns form and what to look at to tell if one is worth investing in

When is it too late to invest in a growing city (metrics to check before buying)

The secondary markets with “economic spillover” boasting huge opportunity

The sneaky move Matt is using to buy boomtown properties at a discount

What to do if you bought in a boomtown that is already declining

And So Much More!

Links from the Show

Grab Matt’s Book, “Raising Private Capital”

Corporate HQ Relocations Could Signal the Next Real Estate Boomtowns

Connect with Matt

(00:00) Intro

(02:39) Real Estate "Boomtowns"

(06:07) How "Boomtowns" Form

(09:44) Cities with the Most Hype

(12:11) Hyped vs. Solid Housing Markets

(16:33) When Is It Too Late to Get In?

(20:41) HUGE Opportunity for Investors

(29:26) What “Boomtown” Investors Should Do

(35:15) Upcoming Boomtowns

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1029

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

How to Invest in Real Estate with $50K in 2024 Oct 09, 2024

Want to know how to invest $50K in real estate? We’re going to show you exactly how to do it, EVEN in 2024. You can use any of the four strategies we share to start investing in real estate with $50K or less, and you don’t need previous real estate investing experience to try them out. Some of these strategies are best for those who already own a home or are willing to invest out-of-state. But even if you want to stay in your area while investing in real estate, we have an option for you!

Okay, so you’ve got $50K (or less) that you’ve saved up for your first real estate deal. Do you immediately start investing? NO. There are a few quick things that you need to do first (don’t worry, they’re free) before you can make your first real estate investment. Following these steps will help you make MUCH better choices on your next investment property and will let you sleep at night if/when things go wrong.

After that, you can choose any of the four beginner strategies to start investing in real estate (we’re not just talking house hacking!). We even share an expert tip about some of the best markets to get into as a beginner with solid demand and lower home prices, allowing you to invest if you’re getting priced out (or have too much competition) in the bigger cities!

In This Episode We Cover:

How (and where) to invest $50K in the 2024 housing market

What you MUST do before you make your first real estate investment

A tax-free way for homeowners to build wealth with properties they already own

The solid rental markets that have cheap home prices

Why you DON’T have to do it alone, and how to increase your investing budget

The one tried-and-true best beginner investment almost every expert agrees on

And So Much More!

Links from the Show

Real Estate Rookie Podcast

Buy Box Resource

Real Estate Rookie YouTube Channel

Get Free Property Management Software for Landlords with Hemlane

Grab Ashley’s Book, “Real Estate Partnerships”

See Ashley and Dave at BPCON2024 in Cancun!

Why Your Small Town Is (Probably) the Best Place to Buy Rentals

(00:00) Intro

(02:50) Can You Start with $50K?

(07:44) What to Do BEFORE You Invest

(13:02) 1. Add Value to Your Home

(19:10) 2. Buy a $160K Rental Property

(25:05) 3. Get a Money Partner

(32:21) 4. House Hacking

(34:47) DON'T Overlook These Markets

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1028

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

30 Units in 7 Years by BRRRRing, Building, Flipping, and Going All-In Oct 07, 2024

After a strong case of “mommy guilt” working as an assistant principal, pregnant with her second child, Deba Douglas knew she needed a way out of the rat race. A run-in with Rich Dad Poor Dad prompted her to begin saving so she could start buying rental properties. She called her lender, found a property, and spent her and her husband's entire savings on the down payment. Little did she know that this one decision would set her life’s course in an entirely different direction.

Now, just seven years after first looking into real estate investing, Deba has thirty rental properties and doesn’t work at her W2 anymore! How did she do it so fast, especially with kids to care for, bills to pay, and no prior experience in real estate investing? One BAD piece of beginner advice could have thrown her entire investing career off track, but she quickly learned from her mistake and leveled up at light speed!

Deba is sharing how she went from real estate investing zero to hero, doing everything from BRRRR (buy, rehab, rent, refinance, repeat) investing, building new construction rental properties, flipping houses, and becoming an agent herself to help other investors. Want to escape the nine-to-five grind and get on the fast track to financial freedom? Do it all like Deba!

In This Episode We Cover:

The one critical mistake Deba made on her second deal that could have cost her severely

The truth about becoming a real estate agent (and why it isn’t as easy as you think)

Regular realtors vs. investor-friendly realtors (you CANNOT mix them up!)

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

Why Deba is still buying in a market that is seeing price declines in 2024

The massive benefits of new construction rental properties (and why they make sense in 2024)

And So Much More!

Links from the Show

Grab the Book, “Rich Dad Poor Dad”

Do You NEED an "Investor-Friendly" Agent?

Connect with Deba

(00:00) Intro

(02:00) Chasing Financial Freedom

(05:16) First Property, Then BIG Mistake

(14:16) Did It Work Out?

(15:59) Quitting Her Job

(20:53) Investing and Selling Homes

(23:06) Deba's Portfolio

(24:18) Building New and BRRRRing

(26:50) Investing in a Declining Market

(33:38) Goals and Best Beginner Investment

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1027

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

BiggerNews: Will Lower Rates Remove America’s “Golden Handcuffs”? w/NYT’s Rukmini Callimachi Oct 04, 2024

For years, we’ve been told that lower mortgage rates could reignite homebuyer demand and help improve affordability so first-time homebuyers (or even rookie landlords) can finally buy their first property. But, with mortgage interest rates lowering right before our eyes, we’re noticing something peculiar—affordability isn’t improving. Home prices are staying stagnant, if not rising. Thanks to America’s “golden handcuffs,” we’re still in a housing market standoff, but there might be some solutions to fix it.

We’re bringing on The New York Times’ Rukmini Callimachi, a real estate correspondent, to shed light on the vast affordability crisis affecting America. With homes “unmanageably expensive,” regardless of whether you’re renting or buying, we need solutions that don’t just spark up demand (like lowering mortgage rates). There’s one glaring problem plaguing the property market, but why won’t anybody fix it?

Today, we're cracking this discussion wide open, speaking on the solutions that could ACTUALLY increase affordability in the future, the rising homelessness problem affecting working Americans and students, and how NIMBYism (not in my backyard) could be forcefully put to stop as communities struggle to build enough housing. If you want to get in (or get back in) the real estate game, whether as an investor, house hacker, or first-time homebuyer, these solutions could directly affect you!

In This Episode We Cover:

Housing inventory update and the “golden handcuffs” keeping housing constrained

Why homebuyers are stuck and the magic interest rate that could unlock demand

The root of our housing problems and what we must do NOW to fix it

Growing homelessness (even among working adults) and why housing costs have gotten too high

Modular home building and how this new type of construction could change the housing market forever

And So Much More!

Links from the Show

Grab Dave’s Book, “Real Estate by the Numbers”

On the Market

Cheaper, Faster, and Better for Investors: Modular Homes Make a Comeback

Read More from Rukmini

Interest Rates Have Dropped, but Homeowners Are Not Moving

00:00 Intro

02:35 America’s “Golden Handcuffs”

06:52 Homebuyers Are Stuck

11:30 Affordability Solutions

23:55 Growing Homelessness

26:14 Construction MUST Change

29:56 Let’s Get DENSE

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1026

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

Active vs. Passive Investing: Make Higher Returns With Less Headache? Oct 02, 2024

Can you make the same returns as active real estate (if not more) with “passive” real estate investing? What if you’ve got a busy day job, hobbies you want to pursue, or don’t have the landlording drive to build a rental property portfolio? Well, passive income investing might be just what you need. How do you know you’re the right fit for it, and what kind of real estate investments are the most passive? We’re giving you what you need to get started.

We’ve got two active and passive real estate investors, Devon Kennard (former NFL player!) and Kathy Fettke, on the show to break down the differences between active and passive real estate investing. We’ll discuss who should invest in each type and whether it’s worth it to stay at your job and invest passively on the side. Plus, we’re all sharing our favorite active and passive investments that we’re putting our money into today.

But how much of a return can you make when you’re investing passively, doing less of the work? We’re giving you real return numbers from some of our passive income sources so you can know what to expect when putting your money to work.

In This Episode We Cover:

Active vs. passive real estate investing and which one YOU should choose

How much you can make with passive investing and the returns we’re getting

Why you may NOT want to quit your job to go into real estate (you can STILL invest)

Real estate note investing and why Devon is going all-in on this active/passive investment

Why new real estate investors should NOT be passively investing…yet

And So Much More!

Links from the Show

Try Baselane, the One Platform for All Your Property Banking & Finances

PassivePockets Podcast

Scaling Smart

Start with Strategy

Pre-Order Devon’s New Book, "Real Estate Side Hustle"

See Dave, Devon, and Kathy at BPCON2024 in Cancun!

What Is Passive Real Estate Investing And Is It Right For You?

Connect with Devon

Connect with Kathy

(00:00) Intro

(03:18) Active vs. Passive Investing

(09:13) Who Should Passively Invest?

(14:45) Better Returns with Passive Investing?

(19:20) Who Should Actively Invest?

(25:42) Real Estate Note Investing

(28:59) Best Active and Passive Investments

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1025

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

A Better Retirement After Buying Just ONE Rental (and Never FOMO-ing) Sep 30, 2024

Mike Baum owns just one rental property, but this one property alone has changed his life. It’s allowed him to become such an investing expert that he’s constantly being asked for his opinion on the BiggerPockets forums, and he provides some of the most well-thought-out investing advice on the internet. So why does he have just one rental property, and why doesn’t he grow using his expertise? The answer isn’t that obvious.

You wouldn’t know it, but Mike is permanently disabled. After overworking so hard that he ended up losing his vision, he was placed on disability for the rest of his working career. This high achiever was forced to slow down and find something else that could replace his day job. Shortly after his diagnosis, he found BiggerPockets and turned a family vacation home into a short-term rental.

Now, he’s got systems and processes that help him self-manage with very few headaches, and he will probably keep this property as his one and only rental for life. Why didn’t he “FOMO” in when everyone was gobbling up real estate in 2020? Why didn’t he grow his portfolio to become the next tycoon? Mike has some clear answers for why he did what he did, and after listening to him, you might change what you want, too.

In This Episode We Cover:

Why you DON’T need a large real estate portfolio to find financial success when investing

Why Mike tells beginner investors that they should NOT buy a short-term rental property

The systems and processes Mike made to automate his vacation rental self-management (so he works less!)

One thing you should do NOW before you start investing in real estate (it’s free!)

The real result of “FOMO” investing and how to stop shiny object syndrome from blowing you off course

And So Much More!

Links from the Show

Short-Term Rental & Airbnb Investing Forum

Ask Your Question on the BiggerPockets Forums

Grab the Book, “Short-Term Rental, Long-Term Wealth”

Investing in Short-Term Rental Properties: A Beginner’s Guide & How to Get Started

Connect with Mike

(00:00) Intro

(02:34) Losing Sight After Overworking

(05:24) Empty Lake House?

(08:52) Managing a Vacation Rental

(12:20) Know This BEFORE You Buy

(17:17) Just ONE Property

(20:56) No-FOMO Investing

(26:21) A “Very Interesting” 2025

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1024

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

BiggerNews: 2 Real Estate Markets That PROVE Cash Flow Is Alive in 2024 Sep 27, 2024

Cash flow is hard to find in 2024, but these real estate markets have plenty of it. Since so many previously “cash-flowing” markets have seen rising prices, higher expenses, and limited housing inventory, we went back to the drawing board to reevaluate which markets in the United States offer the most cash flow potential. Today, we share these markets and hone in on two specific ones with real-life on-market examples to prove that cash flow is still possible.

But before we get into that, we’re sharing the cash flow formula even beginners can use to quickly calculate whether a rental property will cash flow. Then, we describe what type of cash-on-cash return WE target in today’s market and list some of the most cash-flowing markets of 2024.

Want to see real cash-flowing rental property examples? We’re hopping over to BiggerPockets Deal Finder as we quickly analyze two separate rental properties in two cash-flowing markets to prove that these properties do sport some serious cash flow. Don’t believe us? Head over to BiggerPockets Market Finder, where you can see the nation’s top rent-to-price investing areas (that’s where the cash flow is!).

In This Episode We Cover:

Two cities that have cash-flowing rental properties for sale RIGHT NOW

Precisely how to calculate cash flow for rental properties (and why most investors do this wrong)

The optimal cash-on-cash return we target that properties must meet before we bid on them

The 1% rule explained and whether or not it’s still worth using in 2024

When to sell a cash-flowing rental, even if it’s making you mailbox money every month

And So Much More!

Links from the Show

BiggerPockets Real Estate Investment Calculators

On the Market

BiggerPockets YouTube

Try BiggerPockets Deal Finder

Learn All the Rental Property Formulas with “Real Estate by the Numbers”

See Dave and Henry at BPCON2024 in Cancun!

Top 10 Real Estate Markets for Cash Flow in 2024

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1023

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

What to Invest in When You’re NOT Buying Real Estate Sep 25, 2024

Struggling to pick what to invest in, especially when real estate prices and mortgage rates are still so high? Many investors are sitting on the sidelines, saving cash for their first or next investment property, but nothing seems to work out. So what do you do, keep your money socked away or invest in other assets that aren’t real estate while waiting for the right time to pull the trigger? We know many of you are in this position, so today, we’re sharing what we’re investing in that ISN’T real estate.

This may be a surprise, but even some of the most well-known investors in the BiggerPockets universe aren’t 100% in real estate. Dave Meyer, Brian Burke, and Mindy Jensen all don’t have even half of their net worths in real estate investments. As such respected real estate investors, what else are they putting their money into that ISN’T more rental properties?

In this episode, you get to peek into our investment accounts as we share exactly what we’ve been investing in, how we diversify our investment portfolios, and the “riskier” assets we put our money into that you may not even know exist. So, if you’re struggling to buy real estate or just don’t think investment properties are for you, worry not; you can still build wealth without purchasing a property.

In This Episode We Cover:

Alternatives to real estate investing that we’re investing in NOW

Diversifying your investment portfolio and why you SHOULDN’T hold just one type of asset

The “riskier” investments that we’re making and how much money we allocate for them

De-risking your portfolio by buying safer, passive, less volatile assets

What beginners should do to build wealth even with a small(er) amount of money

Whether to continue waiting on the sidelines or start investing NOW

And So Much More!

Links from the Show

Get Banking Built for Landlords with Baselane

On the Market

Invest Passively with Brian’s Book, “The Hands-Off Investor”

See Dave and Mindy at BPCON2024 in Cancun!

Real Estate Isn’t Enough—Here’s How Three Pro Investors Diversify Their Portfolios

Connect with Brian

Connect with Mindy

(00:00) Intro

(03:16) How Much Real Estate We Own

(06:33) Allocating Your Cash

(11:17) "Riskier" Investments

(18:40) What Beginners Should Do

(27:51) Diversifying Your Real Estate

(35:32) Wait to Buy?

(38:49) What We WANT to Invest In

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1022

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

Turning One Property into an Entire Portfolio by Doubling Down on This Niche Sep 23, 2024

“Glamping” investments have slowly become massive money-makers in the real estate industry. What used to be someone setting up a tent and potentially a portable toilet for guests looking to get into nature has now become a full-blown luxury business that travelers will pay good money to get a taste of. One large glamping property allowed today’s investor, Garrett Brown, to replace his music producer job and reach levels of success most short-term rental investors can only dream of.

Garrett owns a ten-acre piece of land in a lake town outside Houston, Texas. Even though many non-Texans won’t be familiar with the area, local travelers flock to it to escape the big city. Since buying the property, Garrett has made some serious expansions, such as building cabins (and even geo-domes) with WiFi, running water, and the creature comforts many of us don’t want to live without.

Plus, Garrett is doing it all while getting most of his bookings directly from social media. That’s right, he has (mostly) cut out Airbnb and other middlemen booking platforms, so he keeps much more of the profit and even gets his guests to upgrade with “add-on packages” that make the deal even sweeter. You can do it, too, but you’ll need to hear how Garrett does it in this episode!

In This Episode We Cover:

Why “glamping” has become such a popular (and profitable) version of short-term rental investing

The “sixty-thirty-ten” rule that helps you identify the best areas for short-term rentals

Leaving your career to build income streams that don’t take up all of your time

How to get seventy to eighty percent of your guest bookings through direct booking

Why you should offer your guests “add-on packages” that help make YOU more revenue

The reason you should “start small” when building out your glamping sites

And So Much More!

Links from the Show

Put Your Vacation Rental on Autopilot with Hospitable

Grab the Book, "Short-Term Rental, Long-Term Wealth"

See Dave and Garrett at BPCON2024 in Cancun!

Investing in Short-Term Rental Properties: A Beginner’s Guide & How to Get Started

Connect with Garrett

(00:00) Intro

(01:49) Music Producer to…Real Estate?

(08:50) His First House Flip

(11:50) Switching to Short-Term Rentals

(18:11) Buying 10 Acres and Building Cabins

(23:57) Can Anyone Do This?

(30:21) Getting Guests Through Social Media

(34:33) Start Small!

(36:31) Learn from Garrett!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1021

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

BiggerNews: Renters Regain Control and a New Rent Price Forecast for 2025 Sep 20, 2024

Rent prices have come down to earth after their meteoric growth of 2020 - 2022, but what will they do in 2025? Will we continue to see slow (or no) rent price growth, or could lower interest rates push more households to form and demand to jump? With so much multifamily housing supply and the Fed’s recent rate cut decision, we’ve got a lot to unpack on this BiggerNews episode. Thankfully, we have Apartment List’s Chief Economist, Igor Popov, to help us.

We’re talking about rent prices: where they are, where they’re going, and what’s impacting them in 2024 (and into 2025). Unsurprisingly, we’ve got a lot of multifamily supply—apartments are giving huge concessions to lease up. But what if we told you we were oversupplied AND undersupplied at the same time, and in a few years' time, demand could heat up again?

Igor gives a rare 2025 rental market forecast, his take on what’s impacting rent growth, and whether the “oversupply” of multifamily is hurting single-family rental investors’ chances to get higher rents.

In This Episode We Cover:

A 2025 rental market forecast and whether we’ll see rents grow, decline, or flatten next year

The areas where all the rental money is moving to (things have REALLY changed)

More renter control as the oversupplied multifamily market searches for tenants

Why the housing market is currently in a dangerous flood-drought combination

Will sluggish multifamily rent prices push single-family rents down with them?

And So Much More!

Links from the Show

Apartment List Research

What Happens to Rent Prices When 1,000,000 New Units Come Online in 2024?

(00:00) Intro

(03:55) Anything But “Normal” Rent Prices

(08:54) Money is in Suburbs

(12:59) More Renter Control

(17:00) Multifamily vs. Single-Family Rents

(18:09) Lots of Supply, Not Enough Supply

(23:08) 2025 Rent Prediction

(25:52) Learn More from Igor!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1020

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

Don’t Do What I Did On Your Next Property…w/Craig Curelop Sep 18, 2024

Can your mistakes make you a millionaire? If you’re like Craig Curelop and learn from what went wrong, then yes! Craig is now financially free, with millions of dollars in equity, thousands in monthly cash flow, and a thriving business. But, back when he was starting, he made a few mistakes that cost him a sizable amount of money, took years of time away, and put serious stress on his shoulders while trying to grow his real estate portfolio. Thankfully, you can take his lessons to heart, so YOU don’t have to make them yourself.

Today, we’re talking about one of Craig’s real estate deals that went wrong. What was supposed to be a profitable out-of-state BRRRR (buy rehab rent refinance repeat) investment quickly turned into contractor scams, danger, theft, and even…love. Yes, love is part of it, too. Craig lost a significant sum on this deal, but if you follow his advice, you don’t have to repeat the same mistakes.

Even though this was a property from hell, Craig still kept investing, eventually reaching financial freedom and living his dream life. Something WILL go wrong when you start investing in real estate—just make sure it wasn’t what Craig went through.

In This Episode We Cover:

Real estate investing mistakes that lost Craig money on his first out-of-state investment

Interviewing agents and why it isn’t enough to work with someone based on a good feeling

The easy way to avoid a contractor taking your money WITHOUT doing work

Why a cheap deal doesn’t mean it’s a good deal (be really careful)

Cutting your losses early and when you should give up on a project that’s going south

Why you MUST check references on everyone you work with on a real estate deal

And So Much More!

Links from the Show

Grab Craig’s Book, “The House Hacking Strategy”

Contractor Nightmares: 5 Red Flags to Watch For and How to Escape a Bad Hire

Connect with Craig

(00:00) Intro

(02:04) House Hacking 8 Times!

(05:28) One Really Bad BRRRR

(14:41) Worst Contractor Ever?

(25:59) Finally Selling It

(27:54) The Good Ending

(30:10) Failing Fast

(34:45) Should I Fire My Property Manager?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1019

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

Why Your Small Town Is (Probably) the Best Place to Buy Rentals Sep 16, 2024

Your small town might be the best place to invest in real estate, even if it’s got only a few thousand residents. We know—everyone has told you to go to the bigger, growing cities where you can chase appreciation, but today’s guest might change your mind. He was able to scale to over twenty rental properties in just a few years, all by buying in his rural Ohio town that you’ve probably never heard of. Even better? He bought the rentals with none of his own money, AND he was cash-flowing THOUSANDS per month. So how do you do it, too?

Josh Bauerle tried to invest in real estate back in 2006. What was supposed to be a “quick flip” turned into a thirteen-year investment, which (thankfully) made a bit of money by the end. After taking a decade off from real estate investing, he got back in the game, first by buying a rental from his father and then by purchasing a twelve-unit real estate portfolio from a local friend. He then scaled FAST to a serious amount of rentals, all in a tiny town with a small population.

After that, he stumbled upon the best-kept cash flow secret in real estate investing: section 8 rentals. Today, Josh is sharing how he did it without using his own money, and how you can do it, too, whether you’re in a sizable city or a small town.

In This Episode We Cover:

Why living in a small town is a HUGE advantage for real estate investing

Seller financing 101 and how to buy rental properties without getting a traditional loan

Using other people’s money to build a rental property portfolio

Section 8 rentals, the pros and cons, and why they get you MORE rent than regular rentals

The simple way that Josh has found his off-market real estate deals with social media

And So Much More!

Links from the Show

Get Free Property Management Software for Landlords with Hemlane

The Pros and Cons of Accepting Section 8 Housing

Connect with Josh

(00:00) Intro

(01:27) A Failed "Quick Flip"

(05:47) Taking a 10-Year Investing Break

(09:17) Buying 13 Units at Once

(15:13) Quitting His Job/Business

(18:26) Using Other People's Money

(20:11) Moving to a Bigger Market

(23:53) Making More with Section 8

(30:10) Scaling Fast!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1018

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

BiggerNews: The Fed Is Finally Ready to Cut Rates, but How Low Will They Go? w/WSJ’s Nick Timiraos Sep 13, 2024

The next Fed meeting is crucial for real estate investors and the economy. So, what will the Fed do? Are we getting the 0.25% rate cut that many experts predict, or will a 0.50% rate cut come due to further weakening of the economy? The job market is already struggling, and the Fed needs to make a move—fast. The question is: will whatever they do next be enough to stop us from falling into a high-unemployment economy? We’re getting into it in this BiggerNews!

We brought in the chief economics correspondent for The Wall Street Journal, Nick Timiraos, to give us the latest update on the Fed, what could happen in September’s Fed meeting, and what’s in store for rate cuts. Nick agrees that this meeting is more crucial than most and that the decisions made could significantly impact the economy and real estate.

How many rate cuts will we get this year? How big will the rate cuts be? And who’s deciding these rate-cut decisions in the first place? Nick knows the Fed better than almost anyone and shares exactly what they’re thinking and where they believe rates are headed in today’s episode.

In This Episode We Cover:

2024 Fed rate cuts and how big the first one could be at the next Fed meeting

Why rising unemployment is putting even more pressure on the Fed to make a move

Whether or not home prices could shoot back up once mortgage rates fall

How many rate cuts is the Fed expecting to make in 2024 (more than we thought before!)

The “signal” that the Fed is sending with their decision in the next Fed meeting

And So Much More!

Links from the Show

Try Baselane, the One Platform for All Your Property Banking & Finances

Thrive in Any Market with “Recession-Proof Real Estate Investing”

The Fed Is Planning to Cut Rates Soon. Here’s How Investors Should Prepare

Learn More from Nick

(00:00) Intro

(02:10) The Fed Explained

(03:59) September's Crucial Fed Meeting

(07:05) Who Decides the Rates?

(13:23) 0.25% or 0.50% Rate Cut?

(17:27) Risks to Real Estate

(23:30) Unemployment is Rising

(29:33) Rate Cut Predictions

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1017

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

How to Scale Your Real Estate Portfolio So You Build Wealth, NOT Burn Out Sep 11, 2024

Scale smarter with Kathy and Rich’s new book, Scaling Smart!

Own real estate? Feeling burnt out? Then you need to listen to this. You've wondered how to scale your real estate portfolio so you can make more money and finally reach financial freedom. And then, at some point, you realize you own rentals and are making money but have zero time. Now, you’re burnt out, wondering where that “financial freedom” went and how you can get back to it. But you’ve got an entire business riding on your back. You can’t stop, so what do you do? Don’t worry—we have the secret.

Kathy and Rich Fettke felt like this a decade ago. Kathy was so stressed that she had zero interest in growing her business any bigger than it was. It was already taking so much out of her, and the stress was only rising. She turned to her husband, Rich, to help coach her into a better position to scale the business instead of blindly growing it. Now, in 2024, Kathy and Rich have amassed a sizable real estate portfolio, run an investor-centered business, and are doing more in less time with less stress.

If you want what Kathy and Rich have, stick around and pick up their new book, Scaling Smart, where they teach you how to scale your business the right way, outsource to free up time, and STOP chasing “more” when it’s coming at the cost of your family or time freedom. Want to scale the right way and build a business, not burnout? Don’t miss this episode.

In This Episode We Cover:

How to scale your real estate portfolio (or real estate business) the right way

Why “growing” isn’t always the right move and could lead you to stress, burnout, and unhappiness

Making your first hire and how to design the perfect structure for your portfolio

Why you need to STOP doing the things you hate and get someone on your team who loves to do them instead

The two major hurdles most real estate investors face when scaling (and how to overcome them)

Knowing your “why” and how to have time freedom instead of mindlessly amassing wealth

And So Much More!

Links from the Show

Grab Rich and Kathy’s New Book “Scaling Smart”

See Dave, Kathy, and Rich at BPCON2024 in Cancun!

How to Build a Real Estate Portfolio & Quickly Scale Your Investments

Connect with Kathy

Connect with Rich

(00:00) Intro

(02:13) Stop Growing, Start Doing This

(06:31) Choose Life Over Business

(12:57) How to Start Scaling

(21:02) Do More in LESS Time

(24:42) Making Your First Hire

(29:13) When Is It "Enough"?

(36:38) Grab "Scaling Smart"!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1016

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

The "Creative" Framework for Low-Down, High-Return Rentals Sep 09, 2024

Are high interest rates and large down payments stopping you from investing in real estate? If so, creative finance might be precisely what you need. It’s what today’s guest, Ankit Lodha, used to go from zero rental properties to THIRTY in just a couple of years. Sounds risky? What if we told you Ankit was walking into equity when he bought these deals, keeping him from being overleveraged and helping him build wealth faster?

After saving up for over a decade to buy his first property, Ankit quickly realized that building wealth would be a slow grind if he didn’t solve his down payment problem. He was working hard as a data scientist by day, looking for real estate deals by night, and needed a solution to help him creatively buy real estate WITHOUT putting twenty-five percent down on every property. After finding a sweet spot in his local housing market, where he made substantially more rent than other landlords, he knew he needed more properties.

Today, Ankit talks about how he scaled from zero to thirty properties using creative financing, seller financing, and traditional mortgages. He’ll talk about how he dodged the high mortgage rates most investors were forced to accept, how he built a team and runs his properties remotely, and the ingenious ways he buys houses for very little down with high cash flow.

In This Episode We Cover:

Creative financing explained and using it to build your real estate portfolio faster

Low money down real estate with seller financing and creating a win-win for you and the seller

Making twice his mortgage payment in rent by tapping into this “gray area” of his market

Building his team while working full-time and managing his rentals remotely

Making a fifty percent return on one very creative real estate deal

The risks of creative finance you MUST know about before you start

And So Much More!

Links from the Show

Learn Creative Finance with “Wealth without Cash”

See Dave at BPCON2024 in Cancun and Email conference@biggerpockets.com For a Chance to Dine with Dave!

Creative Financing: How To Use It In Real Estate

(00:00) Intro

(01:47) Data by Day, Deals at Night

(05:51) Moving and Remote Management

(11:07) Making 2x His Mortgage

(17:15) Building the Team

(20:38) Creative Solutions with HUGE Returns

(29:16) Low Money Down Strategies

(30:11) Next-Level Seller Financing

(34:25) Creative Finance Risks

(37:41) Long-Term Vision

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1015

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

BiggerNews: 2024's Cheaper, Better, Cash-Flowing "Sleeper” Investment Sep 06, 2024

Are new construction homes a good investment right now? Well, that depends. If you want a lower price for a property in a better condition, with a lower mortgage rate and the ability to charge more rent, then new construction homes are what you need. This “sleeper” investment is now cheaper to buy than a regular rental property, but since it’s a new build, it comes with a fraction of the headaches and repairs than most “used” homes. So if they’re cheaper, better, and make you more money, why isn’t everyone buying a new home?

Kathy Fettke has been investing in new construction homes for decades. At first, it was just a way for her to have a more passive real estate portfolio. But now, she knows she can make much more with new homes than buying existing rentals. Since so much of her portfolio is new builds, we brought her to the show to share why this investment may be the best on the market.

We’ll get into new construction pricing and why new homes are CHEAPER than existing homes but offer better amenities, safer structures, and often much lower insurance prices. Next, how to get a rock-bottom mortgage rate by negotiating with builders (we’re talking three or four percent interest rates!). Plus, Kathy shares precisely how to ensure you’re buying a new home in the path of progress so you can rake in appreciation.

In This Episode We Cover:

Why new construction rental properties may be one of the best investments of 2024

Saving serious money on your mortgage with rate buydowns paid for by the developers

Why new construction home prices are CHEAPER than existing home prices in 2024

Buying in the “path of progress” to ensure your home value keeps growing

Factoring in appreciation into your next deal and whether you should account for it at all

And So Much More!

Links from the Show

Pre-Order Kathy’s New Book “Scaling Smart”

See Dave and Kathy at BPCON2024 in Cancun!

We’re in a Home Construction Golden Age—Here’s How Investors Would Benefit From Building

On the Market Podcast

Connect with Kathy

(00:00) Intro

(02:03) Buying New Homes at a Distance

(06:42) The “Path of Progress”

(11:11) New Homes vs. Build-to-Rent

(19:25) Get a Lower Mortgage Rate

(24:14) Where (Not) to Buy

(30:10) Forecasting Appreciation

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1014

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

Real Estate Risk: How to Dodge It, When to Take It, and Using It to Build Wealth Sep 04, 2024

Real estate risk can make you wealthy or cause your portfolio to come crashing down. Like any type of investing, real estate can be risky. However, the amount of risk you take changes depending on the deal. Today, we’re helping YOU figure out how much risk YOU should be taking based on your goals and then share some expert risk management tactics so you can be prepared even if a “black swan” event throws your entire real estate investing plan out the window.

Ashley Wilson started investing in real estate at a risky time. It was 2009—nobody knew if the housing market would face another significant downturn and crash again. Thankfully, due to determination (and a bit of helpful ignorance), she invested at a time that turned out to be one of the best in history. Now, running massive multifamily real estate deals, Ashley has not only survived but thrived through high interest rates, a pandemic, falling rents, and economic uncertainty.

What does she do differently than most investors? She faces her real estate risks BEFORE they happen, and today, she’s showing you how to do the same. We’re talking with Ashley about risk management, how much risk you should take based on your goals, the “buckets” of risk and what you CAN control, and what to do NOW to limit your risk of loss.

In This Episode We Cover:

Real estate investing risks and how to mitigate them before it’s too late

Dodging black swan events and what to do BEFORE a rare risk hits you

The controllable risks you can plan for NOW that’ll protect your wealth during troublesome times

Risk profiles based on whether you’re building, preserving, or tax-sheltering your wealth

Why shiny object syndrome will cause you more headaches (and loss) than you think

And So Much More!

Links from the Show

Invest in Multifamily like Ashley with "The Multifamily Millionaire, Volume I"

Today’s Real Estate Risks: What Are Investors Ignoring?

00:00 Intro

03:38 3 Types of Investor "Risk"

07:22 Investing During "Risky" Times

11:18 The "Buckets" of Risk

14:46 Dodging "Black Swan" Events

18:52 Risk Mitigation Tactics to Use NOW

23:53 The Risk of Loss

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1013

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

High Cash Flow and Low Risk by Turning Tenants into Homeowners (Rent-to-Own) Sep 02, 2024

Rent-to-own real estate can make you more cash flow, with less risk and fewer expenses, all while helping tenants become homeowners. But if it’s so good, why isn’t everyone doing it? Simply put, most investors have no idea that rent-to-own real estate is even possible! So today, we’re talking to an investor, sharing the ins and outs of this lucrative strategy, and showing you how she scaled from zero to over fifty units, half of which are thanks to this strategy.

Maura McGraw and her husband quickly realized that being active-duty military members wouldn’t lead to the stable family life they dreamed of. They needed a way out while still making enough money to provide. So, they pivoted and began formally studying real estate. After a first deal left them with a $30,000 loss, Maura did what most wouldn’t and got back out there searching for another deal. After dozens of flips and numerous rentals, she stumbled upon rent-to-own investing—a strategy that would fuel her real estate portfolio’s growth.

Imagine getting monthly rent checks without repair and maintenance expenses or insurance costs. That’s what rent-to-own can provide! We’ll talk about analyzing a market, screening tenants/buyers, profit margins, and how YOU can start investing in rent-to-own real estate in your market!

In This Episode We Cover:

How to make more cash flow with less risk by providing rent-to-own options to tenants

The four major ways to make money from a rent-to-own real estate deal

Who makes the perfect buyer/tenant when offering rent-to-own opportunities

What happens when a tenant defaults on the loan, leaving you with the down payment

Screening tenants/buyers before you offer them a rent-to-own opportunity

Why losing money on your first real estate deal does NOT mean you should give up

And So Much More!

Links from the Show

Find Your Perfect Investing Strategy with Dave’s New Book, “Start with Strategy”

What Are Rent-to-Own Homes?

Connect with Maura

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1012

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

BiggerNews: How Harris/Trump's Housing Policies Could Impact Affordability Aug 30, 2024

Housing affordability is at a forty-year low, and we bet you can feel it. Buying a house seems impossibly far away for first-time homebuyers, rent prices are still far past pre-pandemic levels, and mortgage payments are through the roof. This can’t last forever, and some new government policies are trying to ensure it doesn’t. In this week’s BiggerNews, we’re talking to Dennis Shea, Executive Director at the J. Ronald Terwilliger Center for Housing Policy at the Bipartisan Policy Center, about what policies could benefit the country and whether or not they’ll actually pass.

We’re also getting into Vice President Harris’ housing plan and former President Trump’s housing plan to see what each candidate believes could bring more affordable housing to the market. With President Biden’s recent rent control proposal, many real estate investors are worried their rents could be capped. But will this nationwide rent control proposal go through?

Plus, what effect does affordability have on current homeowners and investors? Low supply means more demand and higher home prices, but could it come at the cost of your local economy, as renters and would-be homebuyers struggle to afford a home? We’re answering it all in this episode of BiggerNews!

In This Episode We Cover:

The housing affordability problem and new government proposals aiming to help

Factors that are making housing so unaffordable and why we’re at forty-year lows

Regulatory and zoning reform, and why we must make construction easier

Harris’ housing policy and new incentivizes to build 3 MILLION homes

Trump’s housing policy and using government land for new construction

Biden’s nationwide rent control proposal and whether or not it has enough support to pass

And So Much More!

Links from the Show

Grab Dave’s Newest Book “Start with Strategy”

How the Financial Policies of Trump and Harris Could Impact Real Estate Investors

Bipartisan Policy Center Rent Regulation

Freakonomics - Why Rent Control Doesn’t Work

(00:00) Intro

(02:14) Promoting Affordable Housing

(03:04) Our Massive Affordability Problem

(05:49) What Needs to Change

(10:00) Harris' Housing Plan

(14:01) Nationwide Rent Control?

(18:33) Trump's Housing Plan

(22:08) How Affordability Impacts Investors

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1011

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

The Realistic Path to Wealth: Investing in Real Estate WHILE Working a W2 w/Lawrence Briggs Aug 28, 2024

Wondering how to invest in real estate so you can finally quit your job? Then, this episode might surprise you. While most real estate educators online are constantly stressing how you must leave your W2 so you can become a full-time real estate investor, today, we’re going to do the opposite, proving why most real estate investors SHOULD keep their job and let real estate supplement their dreams, instead of becoming their dream.

Take it from Lawrence Briggs. He’s an avid BiggerPockets listener who moved to a different city just to invest in real estate. With such passion and drive, you’d think he wants to become a full-time landlord. But the truth is…he doesn’t. His passions go far beyond managing tenants and fixing toilets, so he uses real estate to amplify his lifestyle and protect his finances so that he never HAS to get a job but can choose the exact job he wants to work.

Today, we’re talking to Lawrence about balancing your W2 job with real estate investing, why you DON’T need to quit to reach (even a small amount of) financial independence, the side hustle he used to save up for his first rentals, and how he works just a few hours a week managing his real estate portfolio. This is the realistic way to build wealth through real estate, and if Lawrence can go from poverty to multi-unit landlord, you can invest, too!

In This Episode We Cover:

How Lawrence escaped generational poverty through sacrifice and smart investing

Why Lawrence does NOT want to quit his job for real estate but would do something else instead

Moving to invest in real estate and why your salary-to-home-price ratio matters

The realistic way to spend just a few hours a week managing your rental properties

One super flexible side hustle Lawrence used to make money, learn how to invest, and find properties

And So Much More!

Links from the Show

Enter to Win a Free Ticket to BPCON2024 by Leaving a Positive Review on Apple or Spotify and Sending a Screenshot to BiggerPockets on Instagram

Invest in Turnkey Rentals with Rent to Retirement or text “REI” to 33777

See Dave and Lawrence at BPCON2024 in Cancun!

Should You Quit Your 9-5 Job to Become a Full-Time Real Investor?

Connect with Lawrence

(00:00) Intro

(01:31) BPCon2024 Giveaway!

(02:55) Switching Jobs to Invest

(11:24) Food Delivery Side Hustle

(16:31) I DON'T Want to Quit

(18:52) Breaking Generational Poverty

(21:34) Dream Job for Investors

(26:37) Time Spent Managing His Rentals

(31:12) You Don't NEED to Quit

(33:55) The Dish

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1010

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

8 Rental Units in 2.5 Years (While Working 6 Jobs!) Aug 26, 2024

Don’t have enough money to buy rentals? Neither did Brandon Tilson. As a social worker, he was never on the higher end of the income scale, but thanks to some serious side hustles, he now has eight rental units in just two years! How did he do it while working full-time and having a family to feed? Today, we’re talking to Brandon about why ANYONE can invest in real estate, no matter your experience, salary, or cash in the bank.

Brandon doesn’t have just one side hustle, or two, or three—he has five separate side hustles, leaving him with six jobs to take care of. It’s no surprise that Brandon works anywhere from sixty to eight hours a week, but it’s all been worth it for him, especially after seeing his real estate holdings go from zero to eight rental units in an extremely short period of time. Now, he’s less than ten years away from financial freedom, allowing him to retire early if he wishes to at just forty-five years old!

Brandon gives crucial advice for anyone trying to invest in today’s market, even with higher interest rates. We talk about different side hustles that bring in extra income, how he funded his first deal, what to do when your renovation becomes a “trainwreck,” and whether or not getting your real estate license is worth it. Plus, why investing alone is much harder than doing it with a partner (or spouse!).

In This Episode We Cover:

How Brandon scaled to eight rental units in just two and a half years (even on a lower income!)

Making extra income every month with real estate (and non-real estate related) side hustles

Using a HELOC (home equity line of credit) vs. a cash-out refinance for your first rental

Whether becoming a real estate agent is worth it as a part-time side hustle

Finding your financial independence number and why it’s crucial to know how much you need to be set for life

Why you should not DIY your home renovation (even if you have the time)

And So Much More!

Links from the Show

Episode #1,009 Invest in Turnkey Properties with REI Nation

Get Started with “The Book on Rental Property Investing”

6 Rental Properties in 15 Months (While Working 3 Jobs!) w/Brandon and Dani Tilson

Connect with Brandon

(00:00) Intro

(01:31) Investing While Working 6 Jobs!

(07:24) First “Trainwreck” Deal

(16:17) Second “Turnkey” Property

(19:33) Becoming an Agent?

(23:13) His Financial Freedom Number

(26:08) Investing On a Low Income

(29:13) Early Retirement at 45!

(32:06) Advice for New Investors

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1009

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

BiggerNews: Have the Airbnb Bans Backfired on Big Cities? w/Taylor Marr Aug 23, 2024

Are Airbnb bans actually hurting renters, homebuyers, and your local economy? The truth doesn’t seem so obvious, but new data shows the unintended consequences of banning Airbnbs and short-term rentals, especially in big cities. To get a take from someone inside the industry and with plenty of data to share, we invited Taylor Marr, Senior Housing Economist at Airbnb, to the show to explain how Airbnbs affect the economy, affordability, and housing supply.

For years, there have been claims that short-term rentals take away housing supply from renters and homebuyers and, as a result, inflate rents and home prices in nearby areas. But new data is saying something very, very different. Today, Taylor talks about how Airbnbs and short-term rentals change a local economy, the amount of money this type of local hospitality provides to small businesses, and why affordability ISN’T improving in areas where Airbnbs are banned.

We’ll also discuss the age of “experiences” and how hosts can earn more by catering to a new kind of traveler willing to spend. Do you have a short-term rental or want to make money with one in the future? Then don’t miss this episode!

In This Episode We Cover:

A short-term rental market update and how Airbnbs are faring in 2024

Airbnb supply and whether or not the short-term rental market is oversaturated

Tips for hosts to take advantage of “experiences” and make more money from their vacation rentals

The $80B impact Airbnb has on local economies and the real result of banning them

How Airbnb is working with local governments to IMPROVE affordability and tourist spending

And So Much More!

Links from the Show

Get Fully Customizable Insurance Coverage for All Phases of Occupancy on One Monthly Schedule and Bill

Follow Taylor on Twitter

Ready to Invest? Grab the Book, “Short-Term Rental, Long-Term Wealth”

Airbnb Bans Only Make Tourism More Expensive. Just Ask New York

(00;00) Intro

(02:33) 2024 Housing Market Update

(05:52) Effects on Short-Term Rentals

(09:47) Airbnb Supply Update

(11:16) Are Airbnbs Oversaturated?

(14:07) The Age of "Experiences"

(16:43) How Airbnbs Impact Local Economies

(25:05) Side Effects of Airbnb Bans

(34:30) Tips for Investors

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1008

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

Where We’d Invest in Real Estate in 2024 if We Were Starting from Scratch Aug 21, 2024

New to real estate investing? In the beginning, you’re drowning in recommendations of where to invest in real estate, especially in 2024. Everyone is shouting different markets at you, “Cleveland! Tampa! Cincinnati!” the list goes on and on. But here’s where you’ll get stuck: most beginners think ANY market is good enough for them, except that isn’t true. There are some unique markets that most investors don’t know about, and they could fit what you need perfectly. Today, we’re sharing these markets (and how to find them) with you.

We brought on expert investors Ashley Kehr and Henry Washington to give their picks for the best places to buy rental property in 2024. All of these markets offer something different; some have low price points with significant cash flow, while others have huge appreciation potential. We’re sharing our top three rental markets with you so you get in before the rest of the investors hear about them.

We’ll also give you the criteria to pick your perfect real estate investing market and share where we first invested and where we wish we had invested.

After this episode, head here to get all the data used in this show, then find your market, tag @BiggerPockets on Instagram, let us know why you chose it, and win some free swag!

In This Episode We Cover:

Where to invest in real estate if you’re starting from scratch with zero experience

The best places to buy rental property in 2024 that most investors are overlooking

Moving to invest in real estate and the city with a VERY high salary-to-home-price ratio

Real estate market risks that we steer clear of whenever buying rentals

Finding your market “advantage” and how to thrive in new a market using your skillset

And So Much More!

Links from the Show

Find Deals in Any Market with Henry’s New Book, “Real Estate Deal Maker”

See Ashley, Dave, and Henry at BPCON2024 in Cancun!

Top 10 Real Estate Markets for Cash Flow in 2024

BiggerPockets Market Finder

Post Your Market and Tag BiggerPockets on Instagram!

(00:00) Intro

(03:02) Ashley's First Market

(06:19) Would You Move to Invest?

(10:38) Henry's First Market

(13:41) Where to Invest in Real Estate

(14:38) Ashley's 2024 Market

(21:16) Henry's 2024 Market

(29:47) Dave's 2024 Market

(34:06) Find Your Market "Advantage"

(35:45) The Dish

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1007

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

50+ Rentals After Starting in Her 50s and How "Late Starters" Can Get Ahead Aug 19, 2024

With her retirement dreams on the line, Jill Forsythe had a few choices: return to work, start a business, or get into real estate investing. After trying out more “active income” business ideas and realizing she didn’t want another job, rental properties became the obvious choice. But putting up her retirement nest egg to try her hand at investing would be a significant risk. Thankfully, it’s a risk that has paid off in a BIG way.

Are you getting into the investing game late? Do you feel like you don’t have the time, money, or energy to build a real estate portfolio like all the twenty-something-year-olds on social media? Jill is here to prove you wrong. Within a decade, she’s been able to build a rental portfolio of over fifty units, grow her retirement reserves, and have the financial freedom she always wanted.

In today’s episode, we’re talking to Jill about why she chose real estate and not stocks or small businesses, the biggest mistake she made early on when buying rentals, the advantages of being a “late starter” in the rental property game, and advice for anyone in their forties, fifties, sixties, or seventies who want to retire on their terms with real estate!

In This Episode We Cover:

How to start investing in real estate in your fifties and reach your retirement goals

Supplementing social security with the semi-passive income of rental properties

Why you MUST be careful when choosing the neighborhoods you invest in

The big advantages to investing later in life that’ll help you scale fast

Creating cash flow in your market by finding under-rented properties

And So Much More!

Links from the Show

Ready to Invest? Grab “The Book on Rental Property Investing”

The Late Starter’s Guide to Retirement with Real Estate (40s, 50s, or 60s!)

(00:00) Intro

(01:43) Got a Late Start?

(07:19) How to Invest in Your 50s

(13:56) Starting in Her Mid-50s!

(16:48) Why Real Estate?

(19:40) Buying "Risky" Rentals

(23:21) Getting Through Challenges

(25:05) Investing Later in Life

(28:51) Jill's Current Portfolio

(31:56) Creating Cash Flow

(36:20) Advice for Late Starters

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1006

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

BiggerNews: What Happens if the Housing Market Crashes (& What Will Cause It) w/J Scott Aug 16, 2024

Recession fears are increasing. The stock market has taken substantial hits, housing inventory is climbing, and bank account balances are starting to fall. So, with more economic turmoil, we have to ask: will the housing market crash? And if we get a housing market crash, how bad (or good) will it be for investors? Could we see a 2008-style selloff, or should we be more prepared for small dips worth taking advantage of? Today, we’re asking two top investors these questions, one of whom literally wrote the book on Recession-Proof Real Estate Investing.

J Scott and James Dainard join us on today’s episode to discuss market crash predictions, scenarios, and opportunities for real estate investors. Both J and James experienced the 2008 housing market crash—an economic event almost impossible to forget. But is 2024 shaping up for a sharp decline like 2008, or will we simply see a slower real estate market like most people had expected when interest rates began to rise?

If the market DOES crash, what should you look for to take advantage, and how do you ensure you don’t get caught biting off more than you can chew? J and James break down their game plans if prices fall and why buying now could set you up for wealth ten years from now, IF you can handle the “fear” of buying when others are running from real estate.

In This Episode We Cover:

New housing market “crash” predictions and how low prices could go

Why economic “fear” is rising now, and the recession indicators that are going off

Rising housing inventory and why experienced investors expected this already

The difference between the 2008 housing market crash and today

What could cause a housing crash and how to know it’s time to buy

The immense opportunities for investors that 99% of Americans will pass up

And So Much More!

Links from the Show

Grab Chad’s Book, “The Small and Mighty Real Estate Investor”

Grab J’s Book “Recession-Proof Real Estate Investing”

See Dave and James at BPCON2024 in Cancun!

Why Has the Housing Market Not Crashed in Over 15 Years?

(00:00) Intro

(04:01) New Recession Fears

(14:25) Is This Like 2008?

(18:06) What Will Cause a Crash

(31:11) What to Do During a Crash

(36:56) Opportunity for Investors

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1005

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

How to Retire Early with Fewer Rental Properties Than You Think w/Chad Carson Aug 14, 2024

You want to retire early, so you come up with a plan. “I’m going to buy ten rental properties and call it quits, then I’ll never have to work again.” Within a decade, you’ve got your ten rental properties, but now you want more. You buy another ten, then a big apartment complex, and now you’re raising money to buy even more. You have zero free time, investors to answer to, and a lot of stress. This wasn’t what you wanted. Let’s take it back to where you are now: how do you actually make it to early retirement?

At the height of Chad Carson’s real estate investing career, he was working eighty-hour weeks flipping homes, buying rentals, and dreaming of a financial freedom-enabling portfolio. But when the market crashed, he took a step back and asked, “What do I really want?” Thus, the small and mighty investor mindset was born. Now, Chad is retired early in his forties, working just two hours per week and making six figures in passive income. Want to do it, too?

Today, Chad discusses how you can build a small and mighty portfolio with fewer rentals, more cash flow, and ultimate time freedom. We’ll show you how to reverse engineer your goals to build the real estate portfolio you ACTUALLY want to own, why having hundreds of doors isn’t completely worth it, and the “metrics of success” you can use to measure your progress toward financial freedom.

In This Episode We Cover:

How to retire early (like Chad) with a small real estate portfolio

Why “door count” isn’t an accurate measure of success in real estate investing

Reverse-engineering your financial freedom and how to start working toward it today

Discovering your “why” and how NOT to get stuck in the day-to-day drudgery of adult life

Measuring your progress toward financial freedom with the “metrics of success”

Knowing when is “enough” and why winners know when to quit

And So Much More!

Links from the Show

Grab Chad’s Book, “The Small and Mighty Real Estate Investor”

Craft Your Personal Real Estate Portfolio with “Start with Strategy”

Who Cares About the Number of Doors You Have—Cash Flow Is What Actually Matters

Chad's BiggerPockets Profile

Door count is a terrible metric. Please stop using it.

00:00 Intro

01:56 You DON'T Need 100 Rentals

05:18 What Do You REALLY Want?

09:53 Why Work More?

14:04 Metrics of Success

23:36 Reverse Engineering Financial Freedom

26:42 Does Door Count Matter?

33:13 What is "Enough"?

37:20 The Dish

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1004

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

From $17K/Year Teacher Salary to Financial Freedom with Repeatable Rentals Aug 12, 2024

How does a teacher with a LOW salary achieve financial freedom, let alone invest in real estate? Surprisingly, it’s not as hard as you think, and if you repeat the strategy from today’s show, you could reach financial freedom much sooner than you’d planned. In this episode, we’re talking to Corby Goade, who, not too long ago, was a teacher making just $17,000 per year at the start of his career. So, how did he begin building wealth and replace his AND his wife’s income?

After fixing up an outdated house he bought after college, Corby was shocked by how much equity he had made. With some basic painting, new flooring, and simple upgrades, Corby made twice as much in equity as he did teaching. From there, a rinse-and-repeat-type strategy formed as Corby slowly began buying rental properties whenever he could, even with his tiny teacher’s salary.

Fast forward to today, and Corby and his wife are financially free, running multiple businesses and living life on their terms. They still own that first rental, even though Corby did “everything wrong” (his words), and his first tenant almost destroyed the property. Still an active investor, Corby says that deals just like his first one are on the market NOW, even in 2024. He shares his exact buy box you can use TODAY to find properties like this, walk into equity, and achieve financial freedom just like he did.

In This Episode We Cover:

The repeatable real estate investing strategy beginners can use to build wealth fast

Why house hacking is the easiest way to invest in real estate and start making/saving money

Why you can still reach financial freedom, even if you do EVERYTHING wrong on your first rentals

The exact buy box Corby uses today to find undervalued real estate deals (even in an expensive market)

Corby’s best advice to get real estate deals sent straight to your inbox

And So Much More!

Links from the Show

Try the BiggerPockets Real Estate Investment Calculators on Your Next Deal

Learn How to Reach Financial Freedom with FEWER Rentals with the “Small and Mighty Real Estate Investor”

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

(00:00) Intro

(01:47) Accidentally Making Double His Salary

(06:58) Doing Everything Wrong

(11:07) Surviving the 2008 Crash

(16:37) Quitting His Job

(19:51) What a "Deal" Looks Like

(29:26) How Much These Deals Make

(31:12) Get Deals Sent to You!

(32:22) Best Tip for Newbies

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1003

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

BiggerNews: 2024 Housing Market Update (Home Prices, Mortgage Rate Predictions) Aug 09, 2024

Where will the housing market be by 2025? We’ve got some of the top 2024 housing market predictions to share today as we run through what could happen with home prices, mortgage rates, inflation, unemployment, and how single men could unintentionally tank the housing market. But we’re not just reviewing other housing market forecasts; we’re giving our own as we bet on what will happen by the end of this year. If you’re buying, holding, selling, or even thinking about investing in real estate, this is data you need to hear.

First, we’re giving you a full rundown of the state of real estate in 2024 and where we are now. We’ll then move on to inflation, the Fed’s biggest target for the past few years. Inflation is starting to taper off, but will we be able to hit the golden two percent inflation rate by year’s end? And with inflation finally falling, would that mean the Fed can FINALLY cut rates and lead us into a lower mortgage rate environment? We’ll tell you exactly where we think rates will be by 2025.

Next, we’re hitting on home prices. Some top forecasters are predicting above-average home price growth, while one BIG listing site sees us going negative by this time next year. Who’s right, who’s wrong, and why is one wild predictor saying that single men will cause home prices to fall by twenty percent? We’re getting into it all in this episode of BiggerNews!

In This Episode We Cover:

2024 housing market predictions and where we’ll be by the end of this year

Mortgage rates, rate cuts, and the Fed’s BIG decision to make in the Fall of 2024

The current state of the housing market and whether things are improving for buyers

A growing unemployment rate and whether we’ll see continued job loss into 2025

Home price forecasts for the summer of 2025 and why one leading listing site expects us to go negative

Whether or not we’ll see a housing crash in the near future (and who would cause it)

And So Much More!

Links from the Show

Share Your Predictions on the BiggerPockets Forums

See Dave and Kathy at BPCON2024 in Cancun!

The Fed Stalls as High Rates Cause More Pain—What Is Powell Doing?

(00:00) Intro

(02:16) The State of Real Estate (So Far)

(03:27) Inflation Rate

(07:36) Jobs and Unemployment

(12:49) Fed Rate Cuts

(17:18) Mortgage Rates

(22:12) 2025 Home Prices

(27:38) Housing Crash Coming?

(31:12) Single Men Tank the Housing Market

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1002

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

2024's Biggest Opportunities (and Risks!) in Real Estate Investing Aug 07, 2024

Want to make money in real estate investing, EVEN during 2024’s harsh housing market? It’s easier than you might think—and we’ve got the proof. We brought expert investors Ashley Kehr and Henry Washington on to the show to share exactly what they’re doing to make more money, even as most investors sit on the sidelines, worrying about interest rates and high home prices.

From $50,000 profits on fast flips to a sneaky tactic to boost rents by fifty percent in just weeks, we’re showing investors can make more money than ever before, no matter the market.

First, Ashley and Henry tell us about the deals they’ve been doing this year. Both are tackling more projects than most investors, so how are they finding undervalued properties, and what are they doing with them? Next, we’ll walk through the quick house flips making these investors more than $50,000 in profit in LOW-COST markets! You could replace your yearly salary with just one of these flips!

Finally, Dave spills his secret on how he’s increased the rents on his properties by up to fifty percent, all while buying his rentals at market value. If you have his level of patience, you’ll be able to create cash flow when most investors are struggling to break even on properties they buy. These tactics are working across the country, in many markets, in 2024. And if these investors can do MULTIPLE deals like this, you can too!

In This Episode We Cover:

The sneaky tactic you can use to raise rents by fifty percent and boost your cash flow

Quick house flips and how to make five-figure profits even if you’re a hands-off investor

How to find off-market listings THROUGH your real estate agent

Henry’s foolproof buy box for house flips with the biggest buyer pool

Why you should NOT overlook Section 8 rentals (huge jumps in rents)

And So Much More!

Links from the Show

Find Your Next Investing Market with BiggerPockets Market Finder

See Ashley, Dave, and Henry at BPCON2024 in Cancun!

Flipping Houses: How to Get Started and Everything You Should Know

(00:00) Introduction

(02:04) Deals We're Running This Year

(09:32) Hands-Free Home Buying and Selling

(22:44) $55,000 Profit on a Quick Buy and Sell

(29:35) How to Increase Rent by 50%

(39:15) The Dish

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1001

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

Episode 1,000: Real Estate Is Changing, and So Is BiggerPockets Aug 06, 2024

For the past 999 episodes of the BiggerPockets Real Estate Podcast, we’ve heard stories from investors who have achieved financial freedom through rental property investing. However, when we started this podcast in 2013, it was a different time. The housing market had crashed just years earlier, prices were still recovering, and cash flow was abundant in many markets. But things have changed, and now we’re changing, too. Welcome to our 1,000th episode and your first look at the new BiggerPockets Real Estate Podcast.

We’re getting back to the basics, sharing investor strategies that work in today’s market and showcasing the data investors need to know now so they can reach financial freedom faster. Our first guest on this new wealth-building journey is Scott Trench, CEO of BiggerPockets and rental property investor.

Today, we ask Scott, “Is financial freedom still possible through real estate, and if so, how do investors achieve it in this housing market?” Scott shares what both beginner and experienced investors must do now to reach financial freedom, who should even be investing in the first place, and the best beginner investment EVERYONE listening to this should be taking full advantage of.

Ready to start building your path to financial freedom today? The BiggerPockets Real Estate Podcast is the best place to be!

We also want to thank David Greene and Rob Abasolo for their massive contributions—David Greene for nearly 7 years as a host and co-host of the podcast, and Rob Abasolo for many of the past 250 episodes. They did a fantastic job building on the foundations poured by our Founder, Josh Dorkin, and Brandon Turner and continued the work of changing millions of lives.

While we had hoped that Rob and David would continue to stay on as hosts in this rotational capacity, we completely understand their desire to move on to their next adventures, and wish them success in those endeavors, knowing that they will continue to change many lives with their thought leadership. We wish them the best of luck in their next endeavors.

In This Episode We Cover

The new BiggerPockets Real Estate Podcast and what we’re changing starting today

Whether you can still achieve financial freedom through real estate in 2024

The best beginner strategy to start building wealth, EVEN with little money

Who should begin investing in real estate and whether you have what it takes

The problem with “passive income” and why hands-on rentals beat it

Investing in affordable markets and who should start with out-of-state investing

How you can become a millionaire without having a huge rental portfolio

And So Much More!

(00:00) Welcome to BiggerPockets 2.0

(06:09) Is Real Estate Still a Good Idea?

(08:58) The Truth About Financial Freedom

(17:21) 3 Options for Investors in 2024

(25:37) The Problem with Passive Income

(30:14) Buying in Affordable Markets

(36:58) Become the Millionaire Next Door

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1000

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

999: BiggerNews: The Market Bets on Mortgage Rates Falling, More Homes for Sale w/Realtor.com's Ralph McLaughlin Aug 02, 2024

Mortgage rates are set to fall this year and well into 2025, all while housing inventory steadily increases. We’re in the best housing inventory position since before the pandemic, so the question is: what happens next? Rising inventory could result in more homes on the market and, in theory, less competition, so lower prices. But, with rates coming down, home prices might go back up with more borrowers entering the market. We’ve got a lot of questions, but thankfully, Senior Economist at Realtor.com Ralph McLaughlin has the answers.

Ralph doesn’t just study the housing market; he actively participates in it as an investor. He’s on this BiggerNews episode to discuss the state of mortgage rates, when we should expect them to start falling, home price updates, housing inventory, and opportunities for investors that most homebuyers will miss.

We’ll discuss the real estate markets with the most and least housing inventory, why price cuts are rising, but home prices aren’t falling, the best markets for investors to take advantage of during the rate-to-price “delay,” and which homes are selling the fastest. If you want to get ahead of the curve and take advantage of hot markets with opportunities that (probably) won’t last, now is the time!

In This Episode We Cover

Mortgage rate predictions and when we could see 2024’s first rate cut

Housing inventory’s huge comeback and why prices aren’t falling

Real estate markets seeing the most/least amount of homes for sale

The rise in seller price cuts, but why this ISN’T leading to lower home prices

Hot markets with HUGE opportunities that investors must take advantage of before rates fall

And So Much More!

(00:00) Intro

(01:19) Lower Mortgage Rates On the Way

(06:21) Inventory Hits Recent High

(13:28) Markets with Most/Least Inventory

(15:53) Price Cuts Rise, But…

(17:33) Best Markets for Investors

(20:52) Which Homes Are Selling?

(23:04) Little Houses, Big Demand?

(26:25) What Investors MUST Know

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-999

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

3 Steps to Buying Your First (or Next) Small Multifamily Property Aug 01, 2024

Small multifamily real estate investing could be your quickest path to financial freedom. These properties, from duplexes to quadplexes, typically offer higher cash flow and scaling opportunities than traditional single-family rentals, with less competition. After a decade in the game, it's still Dave Meyer's top investment strategy. Wondering how to get started?

This episode lays out three beginner-friendly steps to dive into small multifamily investing. Anyone can break into this financial freedom-enabling asset class—even without prior experience. We'll explore why small multifamily rentals are the ideal entry point for new investors and tackle the biggest hurdles to landing your first deal.

We don't just talk theory; we'll take you inside a real small multifamily property on the market. Stick around as we show you how to use the BiggerPockets Rental Property Calculator to analyze this live example, giving you the tools to run the numbers on ANY small multifamily property you come across. Whether it's your first or next rental, small multifamily properties might be your best wealth-building move yet. By the end of this episode, you'll be equipped with everything you need to start investing confidently.

Ready to build your financial freedom? Become a BiggerPockets Pro today! Click here to sign up and use code "PMULTI24" for an exclusive discount!

In This Episode We Cover

How to buy your first or next small multifamily property in three simple steps

Why small multifamily is the ultimate "hack" for fast financial freedom

Strategies to find profitable multifamily rentals in your investing area

Analyzing rental properties in minutes with the BiggerPockets Rental Property Calculator

How to find an investor-friendly lender for your next multifamily investment

The one tool expert investors use to build their real estate portfolios faster

And So Much More!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-no-number-4

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

998: How to Create Multiple Streams of Income Through Real Estate Investing Jul 31, 2024

If you know how to create multiple streams of income, you can build wealth FAST. Thankfully, real estate has dozens (if not hundreds) of ways to make money, and there’s a good chance that what you’re doing right now in real estate could lead you to two, three, or four different income streams. Today, we’re talking to expert investor James Dainard about the EIGHT streams of income he’s built and how you can do it, too!

Whether you own a few rentals, a whole portfolio, or are just getting started in real estate, this episode is for you. We’re teaching beginners how to go from zero to multiple streams of income and the one income stream you should focus on first. If you’re running out of time with your rental or house flipping business and want more passive income flowing your way, worry not. We’ll talk about what you can do to make more money on the side without the hassle of doing your own deals.

We’re even going to share the one skill you MUST learn to make it rich in real estate and start building your income streams today. If you get this right, you’ll build wealth WAY faster than the rest!

In This Episode We Cover

How to create multiple streams of income through real estate investing

The number one income stream new investors MUST build before anything else

James’ eight different streams of income and how they make his investing even easier

How to start investing for passive income and why you MUST be careful when doing this

Buying businesses and how this can make you even MORE money when investing

And So Much More!

Links from the Show

Connect with Other Investors on the BiggerPockets Forums

Grab Henry’s Newest Book, “Real Estate Deal Maker”

See Henry and James at BPCON2024 in Cancun!

How to Create Multiple Streams of Income in Real Estate

(00:00) Intro

(01:12) Making Multiple Income Streams

(04:38) How Newbies Can Start

(09:00) Owning 8 Businesses!?

(13:28) Passive Income Streams

(18:59) Which Streams to Build

(27:06) What to Start Doing NOW

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-998

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

997: Seeing Greene: Keep or Sell? What to Do When Your Rental Doesn’t Cash Flow Jul 30, 2024

Should you move to invest in real estate? Perhaps you’re stranded in a pricey market or an area with unfavorable landlord-tenant laws. Depending on your career, you could earn a HUGE pay bump at your day job and discover a real estate market with higher cash flow and appreciation. In this Seeing Greene, we help a caller navigate this exact scenario and share some of the best markets to invest in right now!

Next, we field a question about a rental property that’s producing very little cash flow. What should you do in this situation? Hold, sell, or trade it for another property? David and Rob run the numbers to devise a strategy with a MUCH better cash-on-cash return. Tired of junk mail arriving at your properties? Hear about a few solutions we’re using to curb unwanted mail. Finally, we chat with a live caller who has just inherited a $300,000 property. Which investing strategy will help him capitalize on this opportunity and catapult him toward financial independence? Hang around until the end to find out!

Need answers to your real estate investing question? Head over to the BiggerPockets Forums and ask it! We may choose it for our next show!

In This Episode We Cover

Moving to another state to chase your real estate investing dream

The BEST states to invest in as a traveling professional in 2024

When to hold, fold, or trade a rental property with LOW cash flow

How to stop junk mail from being delivered to your property

First steps to take after inheriting an investment property

How to identify the best investing strategy for your market

And So Much More!

Links from the Show

Try Baselane, the All-In-One Financial Platform for Banking, Bookkeeping, Rent Collection, Analytics, and More

Buy the Book “The House Hacking Strategy”

BiggerPockets Real Estate – Seeing Greene Episode 843

(00:00) iNTRO

(01:16) Relocating for Real Estate

(11:39) How to STOP Junk Mail

(14:59) Hold, Fold, or Trade My Rental?

(22:46) Inheriting a $300K Property!

(34:33) Send Us Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-997

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

996: Financial Freedom in 3 Years by Investing in “Boring” Rental Properties Jul 29, 2024

Can rental properties replace your W2 income, lead you to financial freedom, and help you build multimillion-dollar wealth in the process? Yes, and Grant Francke is proof you can do it in a few years or less. After the burnout of forty-eight-hour shifts as a railroad conductor (yes, you read that right) left him searching for an escape, Grant stumbled upon real estate investing and the BiggerPockets Real Estate podcast. Within three years, he built up enough cash flow to quit his job and never looked back.

In today’s show, Grant walks through the “boring,” stable, and safe rental property investments that have led him to complete financial freedom. He’ll touch on the first duplex he bought, why Grant prefers multifamily real estate to single-family homes, reverse-engineering your financial freedom to calculate HOW many rentals you need, and the sacrifices he had to make to get there.

If you’re tired of missing out on time with your family, children, or friends and want to start living life on YOUR schedule while making MORE money than you would at your job, this is the place to start!

In This Episode We Cover

How to replace your W2 income with real estate investing

Calculating your financial freedom number and how much cash flow you’ll need to quit

How to test whether or not you CAN live without your W2 salary

Why Grant prefers the safety of multifamily rentals compared to single-family rentals

Financing and funding your first rentals and what to do when you start scaling FAST

The “controlled growth” strategy Grant uses to safely build wealth and make more passive income

And So Much More!

Links from the Show

Grab Your Copy of “Rich Dad Poor Dad”

See Henry at BPCON2024 in Cancun!

4 Serious Points to Consider Before Quitting Your Miserable Job to Invest

(00:00) Intro

(02:02) 48 Hour Shifts!?

(03:17) Replacing His Salary

(10:21) Quitting and Buying First Rentals

(17:33) Current Portfolio and Financing

(21:19) Real Deal Review

(24:37) Scaling with “Controlled Growth”

(30:39) Replace YOUR W2

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-996

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

995: BiggerNews: Multifamily Market Update + Where to Find Deals NOW Jul 26, 2024

Multifamily real estate is still offering some significant opportunities to investors—you just need to know where to look! Although the past two years have been rough for multifamily, with falling rents, rising interest rates, and higher vacancy, we may be on the way out of this vicious multifamily market we found ourselves in just a year or so ago. With new multifamily construction predicted to dry up significantly over the next few years, current multifamily rents are already beginning to rise. So, where should YOU be buying to take advantage of this positive trend?

Thomas LaSalvia, from Moody’s Analytics CRE, joins us to give a multifamily real estate update and share where to find the best multifamily opportunities in 2024. With some markets still seeing more supply than demand, investors could pick up deals from distressed owners. Plus, one often-forgotten region may see demand pick up in a big way—if you invest here, you could get ahead of the curve!

We’ll also discuss how multifamily rents have been performing, why new multifamily construction will see a huge slowdown in 2025 - 2026, whether today’s sluggish economy will affect multifamily, and the one big danger multifamily real estate investors (and future investors) CANNOT overlook.

In This Episode We Cover

A 2024 multifamily real estate market update and how apartments are performing now

The oversupplied areas with opportunities for investors to buy

One market that could see demand pick up soon (get ahead of the masses!)

Why hasn’t multifamily crashed, and where are all the “distressed” owners?

Affordable housing and the massive mismatch between supply and demand

Whether or not small landlords will be affected by big apartments moving into their areas

And So Much More!

Links from the Show

Want to Invest in Multifamily? Grab the Book “The Multifamily Millionaire, Volume I”

See Henry and Kathy at BPCON2024 in Cancun!

Hear Our Last Episode with Thomas: Rent Unaffordability Crosses Dangerous New Threshold

(01:28) Commercial vs. Residential Real Estate

(04:24) Rent Slowly Recovers

(09:02) Will Building Slow Down?

(12:33) Job Loss and Affordability Problems

(15:33) Affordable Housing

(19:09) Good for Small Landlords?

(25:17) Why Hasn’t Multifamily Crashed?

(28:14) Opportunities to Look For

(35:05) One Danger to Multifamily

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-995

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

994: Airbnb Has Changed: Make More Money Even with Regulations & New Competition w/Rent to Retirement CEO Jul 24, 2024

Airbnb has changed, and if you don’t change with it, you could see your income start to dwindle. The good news? If you get ahead of the curve, you could make SUBSTANTIALLY more money from every short-term rental you own, EVEN if you’re not in a vacation destination. So, what do you need to do NOW to get more guests, bookings, and money from your short-term rental investment in 2024 and 2025? Experienced short-term rental investor and CEO of Rent to Retirement, Zach Lemaster, is here to help.

You may know Zach as the turnkey rental guy, but his skills go FAR beyond long-term rentals. Zach owns the highest-grossing short-term rental in the ever-popular Breckenridge, Colorado. This is a HOT short-term rental market with fierce competition, but even so, Zach’s vacation rental stands out from the rest. How did he do it, and what changes can YOU make to your Airbnb experience to become the best in your area?

Today, Zach gives a masterclass on Airbnb and short-term rental hosting. He covers market trends he’s seen in 2024 and into 2025, dodging regulations, and what to look at BEFORE you buy. Zach even shares easy ways to stand out and the amenities that will wow your guests so they keep coming back for more. Plus, he’ll give tips on what you can do NOW with your current Airbnb to quickly increase bookings!

In This Episode We Cover

A short-term rental industry update and why hosts MUST make changes now

Guest trends and why people want better deals and experiences, not just places to stay

How to avoid short-term rental regulations and what to do if your area already has them

How to easily stand out in your market by providing top-notch amenities

Simple tweaks to your listing that will get you more bookings

2025 short-term rental predictions and what hosts should know

And So Much More!

Links from the Show

Get a BIG incentive on turnkey rentals from today’s show sponsor, Rent to Retirement. Text “REI” to 33777 or visit them here: https://www.renttoretirement.com/

Ready to Invest? Grab the Book, “Short-Term Rental, Long-Term Wealth”

BiggerPockets’ Instagram

See Henry and Zach at BPCON2024 in Cancun!

Are You Getting Less Bookings for Your Short-Term Rentals? Here are 3 Ways to Get More

(00:00) Intro

(01:36) The Best Short-Term Rental Ever?

(02:53) Airbnb is Changing

(11:11) Airbnb is Changing

(13:34) Regulations and Airbnb Bans

(20:51) How to Stand Out

(24:45) Tips to Increase Bookings

(31:49) 2025 Predictions

(35:16) Meet Zach at BPCon24!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-994

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

993: Seeing Greene: Should I Start Flipping Houses in My Market? (How to Know) Jul 23, 2024

Should I pay off my rentals or scale to more doors? Should I start flipping houses in my local but expensive market or go long-distance? When is the time to move from residential to commercial real estate? We’ve got some crucial questions to answer on today’s Seeing Greene as David and Rob tackle the best ways to build wealth and set yourself up for retirement in 2024. Want to reach financial freedom faster? Then, this is the show for you.

First, an investor who eagerly wants to retire asks whether he should flip houses in the expensive San Francisco Bay Area or begin in a lower-priced area. Next, when is it time to scale vs. pay off your rental properties? When partnering on a house hack, who’s responsible for what, and how do you split up the finances? Finally, a return caller asks about the pros and cons of residential vs. commercial real estate and whether bigger properties will help him reach his goal of retiring with a sizable rental portfolio.

Need answers to your real estate investing question? Head over to the BiggerPockets Forums and ask it! We may choose it for our next show!

In This Episode We Cover

Where to start flipping houses and whether an expensive market is too risky for rookies

When to scale vs. pay off your rental properties (EVEN if they have low interest rates!)

Partnering on a house hack and how to split responsibilities/profits when one partner lives in the property

Residential vs. commercial real estate and the pros/cons of buying BIG properties

When to trade your small rentals for larger properties with better potential

And So Much More!

Links from the Show

Ask Your Question and Network with Investors on the BiggerPockets Forums

Grab the Book “Long-Distance Real Estate Investing”

Seeing Greene 985 – How to Use Home Equity to Retire, Buy Rentals, or House Hack

Money Show 543 – Finance Friday: How the “Middle-Class Trap” Stops Your Early Retirement

BiggerPockets Real Estate Podcast 763 – Barbara Corcoran’s Wild Real Estate Tactics You’ll Want to Repeat

Seeing Greene 747 – “Amplifying” Your Equity and When to Pay Off Debt vs. Invest

Get a BIG incentive on turnkey rentals from today’s show sponsor, Rent to Retirement. Text “REI” to 33777 or visit them here: https://www.renttoretirement.com/

(00:00) Intro

(01:14) Should I Start Flipping Houses?

(11:37) Scale or Pay Off Properties?

(15:46) Partnering on a House Hack?

(21:33) Comment Section Callout

(24:03) Residential vs. Commercial Real Estate

(41:37) Share Your Thoughts!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-993

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

992: International Real Estate Investments: Make More by Buying Abroad? Jul 22, 2024

Love traveling? Want to make more money? Looking for real estate with lower price points and higher returns? International real estate investments may be for you. Whether you want to own a home near the mountains of Mexico, the beaches of Belize, or a small seaside town, buying property abroad could make your dreams come true. But is it easy enough for a beginner? And what should you know before making the big jump to out-of-country real estate investing?

Michael Cobb, an international real estate investing expert with over three decades of experience investing in Central America, joins us to give his time-tested advice. Michael hits on how these international investments are like “time machines,” allowing you to find the areas that could see significant popularity boosts in the future, pushing YOUR property values higher. He even shares which markets abroad are best for cash flow or appreciation.

But before you jump the gun and buy a property abroad after your next cruise, heed Michael’s advice. He shares how to pick a market where investors can find the best returns and what you MUST do before you buy your first investment abroad.

In This Episode We Cover

International real estate investing 101 and what you can do to find your next market

The “time machine” to cash flow and appreciation that most Americans overlook

“Buyer beware” laws most Americans aren’t used to and why you NEED local help

The three trips you should take before buying property abroad

And So Much More!

Links from the Show

Try Hospitable, The Highest-Rated Vacation Rental Software

Grab the Book “Long-Distance Real Estate Investing”

3 Things to Consider When Buying Properties Internationally

(00:00) Intro

(01:45) Why Invest Abroad?

(05:51) Buying in Central America

(10:50) Easy Enough for Beginners?

(20:43) Where Investors Should Buy

(26:11) Picking a Market

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-992

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

991: A World Without Airbnb & Why "Sinking" Could Cause Your Insurance to Skyrocket Jul 19, 2024

Airbnb bans escalate, a “tsunami” could be coming for this real estate niche, and “sinking” cities lead to skyrocketing insurance prices. The housing market changes every week, so we’re here to break down the headlines and sift through the hype so you know what could impact YOU. Dave Meyer and the entire On the Market panel are here to discuss four of the top real estate-related news stories from this week.

First, we discuss the commercial real estate credit crunch that could cause a “tsunami” in the office investing space. Next, one major European city will ban Airbnb by 2028 in an effort to give locals a better chance at buying their first home. Will it work, or is it just a move to get more votes? With the dust of the NAR settlement settling, homebuyers could face thousands in fees to work with an agent, but will this stop homebuying?

Before we go over our last headline, make sure you’re standing on solid ground because “sinking” cities are becoming the new norm. Is your home slowly sliding off a cliff? If so, your insurance costs could be rising even higher. We’ll get into this story and the rest of the relevant real estate news on this episode!

In This Episode We Cover

A world without Airbnb and whether the newest ban could actually help homebuyers

Another “tsunami” coming for real estate and whether there’s truth behind the hype

Private equity’s new plan to gobble up even more real estate as one niche suffers

More fees for homebuyers as agent commissions change, but will this have to be paid out of pocket?

“Sinking” cities causing rising insurance costs and sliding home values

And So Much More!

Links from the Show

The commercial real estate credit crunch: ‘There’s a tsunami coming’

What does a world without Airbnb look like?

First-Time Homebuyers Could Face Thousands in New Costs Following NAR Settlement

U.S. cities are sinking. Here’s what that means for homeowners

On The Market 201 – Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever

(00:00) Intro

(02:24) A “Tsunami” Coming?

(13:08) The Airbnb Bans Begin

(21:43) New Fees for Homebuyers?

(28:31) Cities Are Sinking

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-991

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

How to Find, Evaluate, and Offer on Rental Properties in 2024 Jul 18, 2024

Want financial freedom through real estate? Then, you’ll need to know how to buy a rental property. Don’t worry; even as a beginner, you can take three basic steps to buy your first rental property and start building the passive income you’ve always dreamed of. To help you out, Dave Meyer, BiggerPockets’ VP of Market Intelligence and a fourteen-year real estate investing veteran, will walk you through finding, evaluating, and offering on rental properties.

Whether you’re a beginner or an active investor, these three steps will help you land more real estate deals with less effort and help you reach your financial goals faster. Not only that, Dave is giving his time-tested tips on how to make an irresistible offer to a seller—something that most real estate investors DON’T know how to do. Dave even shares every tool he uses to find, analyze, and research real estate deals so he can decide on a rental in minutes, NOT hours!

Make 2024 the year you start investing for financial freedom. Sign up for BiggerPockets Pro using promo code “EVALPOD24” to get 20% off the industry’s best real estate investing tools.

In This Episode We Cover

How to find and buy your first rental property (even if you’re a complete beginner)

Using real estate to reach financial freedom faster than you thought possible

Finding real estate deals in 2024 and expert-investor tactics most have never heard of

Using the BiggerPockets Rental Property Calculator to analyze deals in minutes

Seven different tips to get a seller to accept your offer (EVEN in a competitive market)

The one real estate investing tool that will speed up your path to building a portfolio

And So Much More!

(00:00) Intro

(02:03) Want Financial Freedom?

(09:00) 1. Finding Real Estate Deals

(12:37) 2. Evaluating Properties

(24:34) 3. Making Your Offer

(29:10) Best Tool for Beginners

(37:00) PRO CODE

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-no-number-3

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

990: 2 Real Estate Markets We’re Investing in Now (Should You?) Jul 17, 2024

In this episode, we’re sharing two of the real estate markets we’re investing in NOW. One you may have heard of and one you probably haven’t. Both have strong long-term fundamentals, a sizable renter population, and more demand than meets supply. Which markets are we talking about, and why did we pick them over the thousands of other real estate markets across America? We’ll go into detail on today’s show!

Dave and Henry are sharing two of their favorite real estate markets, both seeing sizable returns EVEN in 2024. First, Henry talks about the buy and hold goldmine of a town with low-priced homes, strong rents, and sizable cash flow. Plus, with “opportunistic rehabs,” Henry is seeing his cash flow explode with some basic home renovations. Next, for the passive investors, Dave talks about a syndication deal that’s so good it’s giving him bonus distributions! With many passive investments seeing poor returns this year, Dave may make it rich with this historically relevant real estate market.

Don’t know where you should invest next? Stick around to hear the investing experts give their take on finding a market. You can even use our Market Finder to find your perfect market in minutes! Once you’ve found a market, use the Deal Finder to search for rental property investments in the area!

In This Episode We Cover

Two real estate markets that Dave and Henry are investing in right now

The Southern cash flow market with solid long-term potential

How to use “opportunistic rehabs” to boost your cash flow even higher

Syndication investing and why Dave bet on this one market with growing demand

Four steps to finding your perfect real estate investing market for cash flow, appreciation, or both

And So Much More

Links from the Show

Find Your Perfect Investing Market Today with BiggerPockets Market Finder

Find Your Next Investment Property with BiggerPockets Deal Finder

Grab Dave’s Latest Book, “Start with Strategy”

How to Choose an Out-of-State Market for Investment (in 3 Easy Steps!)

(00:00) Intro

(02:31) 1. Joplin, Missouri

(05:56) Easy Cash Flow?

(09:02) Why Joplin?

(12:02) Visiting & Henry's "Cheat Code"

(18:18) 2. Williamsburg, Virginia

(22:16) Syndication Investing

(28:26) How to Pick YOUR Market

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-990

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

989: Seeing Greene: Investing with High DTI, When to Refi, & Getting Out of Debt Jul 16, 2024

Life happens, and you’ve accumulated some debt. You’re wondering how to buy real estate EVEN with a high DTI (debt-to-income) ratio. Whether it’s good debt, like rental property mortgages, or bad debt, like credit card debt, holding you back, David and Rob have some ideas to help YOU grow your real estate portfolio faster, make more passive income, and get yourself out of the red!

In this Seeing Greene, we’re talking about good, bad, and ugly debt. First, a house hacker hits hurdles when trying to buy his next property due to his current mortgage. Thankfully, there’s a way to get around this using the “sneaky rental” strategy. An investor with a growing portfolio struggles to find a bookkeeper who can keep his finances together WITHOUT costing him an arm and a leg; David and Rob give two very different pieces of advice. Got bad debt? We give an investor options on what he should do to consolidate his $40,000 credit card balance.

Wondering when to refinance your mortgage? A repeat caller asks whether a cash-out refinance on one of his properties is worth the rate increase and closing costs. Finally, what would you do with two houses on one lot? Renovate them and sell one? Keep them both as rentals? And how would you fund the renovation? David and Rob give their takes and a HUGE red flag that everyone trying to “subdivide” land should know about.

In This Episode We Cover

How to scale your real estate portfolio FAST with the “sneaky rental” strategy (even if you have debt!)

When to refinance your mortgage and whether a higher rate is worth cash in the bank

Bookkeeping for real estate investing beginners and how to not lose yourself in spreadsheets

How to consolidate debt so you can continue to buy rental properties

Where David and Rob are investing next, plus a BIG move one of them is making

Subdividing lots and the one thing you MUST do before you even think about it

And So Much More!

Links from the Show

Ask Your Question and Network with Investors on the BiggerPockets Forums

Real Estate Podcast 675 – Seeing Greene: When Does It Make Sense to Refi with High Interest Rates?

Grab David’s Book on the BRRRR Method

(00:00) Intro

(02:03) Scaling with “Sneaky Rentals”

(08:02) Can't Keep Up with Bookkeeping!

(14:29) How to Consolidate Debt

(19:31) Where We're Investing

(24:12) When to Refinance?

(30:38) How to Fund a BIG Renovation

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-989

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

988: How to Start Making Millions from These Overlooked RV Park Investments w/Heather Blankenship Jul 15, 2024

Heather Blankenship has made $10,000,000 alone from just one RV park investment. She got into it with no money and zero experience. While pregnant with her first child, Heather answered the phones, paid the bills, laid mulch, and slept on the office floor, working long days and longer nights to do anything she could to keep the campground running. Over a decade later, she has a $30,000,000 portfolio, with her first campground worth almost half that amount. How did she do it, and can you repeat her same investing strategy?

In her new book, Real Estate Campgrounds, Heather dives into the almost unbelievable streams of income you can create from just one campground or RV park investment. In today’s show, she shares the different ways you can make money (and cash flow!) from your first campground investment, what to know before you buy, and how rental property owners can transition from single-family or multifamily rentals to campground investments.

We also bust some myths that have probably stopped you from investing in this lucrative asset class before. Do you need a ton of money? Nope. Do you need a HUGE campground? Not really. Should you have hospitality experience? Maybe. Heather started with ZERO real estate investing experience and now is a campground multimillionaire! Want to follow in her footsteps? Don’t miss this episode!

In This Episode We Cover

How Heather’s campgrounds create over ten income streams (BIG cash flow!)

Making millions by buying overlooked RV parks and campgrounds

The biggest expense of running campgrounds and why you CAN’T get this wrong

What you should know BEFORE you buy a campground to ensure you make money

Transitioning from rental properties to campgrounds and why it may be easier than you think

The common campground investing myths that stop most investors from creating massive wealth with this asset class

And So Much More!

Links from the Show

See Dave and Henry at BPCON2024 in Cancun!

Glamping, Campsites, and The Insane RV Park Revenue No One is Talking About w/Heather Blankenship

Pre-Order Heather’s New Book, “Real Estate Campgrounds”

(00:00) Intro

(02:17) Campground Investing 101

(07:36) 10 Streams of Income!

(09:37) Making $10M on ONE Park?

(13:21) Know BEFORE You Buy

(19:00) From Rentals to Campgrounds

(23:17) Campground Investing Myths

(33:51) Regulations and Local Laws

(35:38) Common Campground Pitfalls

(39:42) Grab Heather’s New Book!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-988

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

987: BiggerNews: Rate Cut Chances Increase as New "Affordable" Markets Emerge Jul 12, 2024

Will the new jobs report finally prompt the Fed to cut rates, leading to you scoring a lower mortgage rate? With multifamily rents still falling, should we fear a nosediving rent trend in the near future? And why are all these traditionally overlooked investing markets becoming the new rental property hot spots? You asked, and on this episode of BiggerNews, we’re answering. We’ve taken top questions from the BiggerPockets forums and are answering them on today’s show!

It wouldn’t be a BiggerNews episode without talking about the Federal Reserve. With the latest job numbers pointing in the right direction, is this the final signal the Fed needs before they start cutting rates? Or is there a specific unemployment rate we must hit for the Fed to give us some interest rate relief? Next, we’re talking about the continuously “softening” rents around the country. One sector is actually seeing rents grow, but if you’re not seeing that with your rentals, how do you ensure your tenants stay put and keep paying you rent? We’re giving our expert tips on mitigating falling (or stagnating) rents.

Next, we’re highlighting the “affordable” investing hotspots popping up throughout the country as the cost of living increases. Are these markets actually worth investing in, or are the big cities going to have better returns once they bounce back? Finally, should you wait to save up emergency reserves and risk home prices rising OR buy your first property now? We share exactly what we did in the same position when we first started investing.

In This Episode We Cover

Fed rate cut updates and how close we could be to mortgage rates finally falling

The “softening” rent trend and what you can do NOW to ensure your rent prices stay put

Why the oversupply of multifamily rentals could actually reverse soon

The new “affordable” investing areas that are emerging across the US (and whether we’d buy there)

Emergency reserves 101 and whether you should buy now or keep saving

And So Much More!

Links from the Show

See Dave & Kathy at BPCON2024 in Cancun!

Ask Your Question in the BiggerPockets Forums

Ready to Invest? Grab Dave’s Newest Book, “Start with Strategy”

The Fed Stalls as High Rates Cause More Pain—What Is Powell Doing?

(00:00) Intro

(01:54) Rate Cuts Coming?

(11:24) Rents Are “Softening”

(19:09) How to Mitigate Falling Rents

(21:36) New Affordable Markets Emerge

(28:20) Emergency Reserves 101

(33:05) Ask Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-987

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

986: Are Tiny Homes a Good Investment? How a $50,000 Home Pencils Out Jul 10, 2024

Are tiny homes a good investment? For just $50,000, you can get a brand new tiny home investment—not even fifteen percent of the average single-family home price in the United States. Even better? These tiny investment properties can bring in over $15,000 per year in rent, making your payoff period minuscule compared to a standard real estate investment. To learn more, we brought Steven Harrell, tiny home builder and investor, on the show to walk through all the numbers and how investors can cash in big on these tiny homes.

Steven has seen the tiny home industry shift from off-the-grid, fringe mini homes in the woods to now a mainstream necessity as more Americans struggle to pay the sky-high cost of rent or a mortgage on standard homes. With affordability at a forty-year low, Americans need cheaper housing options, and tiny homes might be the perfect answer.

We discuss the costs of tiny homes, how much they rent for, finding and buying land to put them on, insurance, financing, and how beginners can get started on this investment at a very attractive price point. Want tiny houses with big profits? This episode is for you!

In This Episode We Cover

How much does a tiny home actually cost to build, and how much it’ll rent for

Tiny home appreciation and whether these small investments are for cash flow only

How to find and buy the land for your next tiny home, plus what you MUST look for

The average insurance cost for a tiny home (it’ll surprise you)

Why the average tiny home tenant might not be who you think it is

Exactly what Steven would do now to get started investing in tiny homes

And So Much More!

Links from the Show

Yes, Tiny Homes Could Be the Most Cost-Effective Way to Cash Flow Right Now—Here’s Why:

Grab Henry’s Newest Book, “Real Estate Deal Maker”

(00:00) Intro

(01:27) Foreclosed On & Finding “Tiny Homes”

(05:39) Average Cost and Size

(08:12) Do They Appreciate?

(10:02) How to Invest in Tiny Homes

(15:35) It’s THAT Cheap!?

(18:17) Insurance for Tiny Homes

(20:18) Tiny Home Tenants

(22:22) How to Get Started

(26:28) Would We Buy Tiny Homes?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-986

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

985: Seeing Greene: How to Use Home Equity to Retire, Buy Rentals, or House Hack Jul 09, 2024

Should you use a HELOC to buy investment property? Would we use home equity to retire? When is it time to sell a performing property and exchange it for a more expensive one? If you’ve got home equity, this episode could help you reach financial freedom faster as we answer real listener questions, many about home equity, on today’s Seeing Greene!

If you’ve been investing for a while, you may have some paid-off properties. Should you get a cash-out refinance and live off the loans? That’s what one of today’s investors is asking, but Rob and David have different views on whether this is a good retirement plan. Did your property almost get destroyed by the city this week? Rob’s did! We’ll share the full story at the start of the show.

Next, an investor debates selling her performing rentals to scale into a bigger property. We also answer how to use a HELOC (home equity line of credit) to quickly grow your real estate portfolio. Why are contractors so hard to find? A veteran investor/contractor shares the reason why most contractors suddenly disappear. Finally, a listener has inherited multiple lots of land but wonders if he should build multifamily rentals on them. Can he use the lots as collateral to get the funds to start his investing journey? All that in this Seeing Greene!

In This Episode We Cover

How to retire using home equity and cash-out refinances (and whether you should!)

Why Rob was close to having his newly-renovated home destroyed by the city

When to sell a performing rental property and trade up into a better area

Using a HELOC (home equity line of credit) to invest in real estate

Why good contractors are so hard to find and often vanish from investors’ lives

How to leverage land to fund build-to-rent investment properties

And So Much More!

Links from the Show

Ask Your Question and Network with Investors on the BiggerPockets Forums

Real Estate Podcast 978 – How to Build Your Real Estate Investing Team (Agents, Contractors, Lenders)

Real Estate Podcast 972 – 3 Beginner Steps to Find Undervalued Real Estate in ANY Market

Grab David’s Latest Book, “Pillars of Wealth”

(00:00) Intro

(01:06) The City is Destroying My Property!

(06:12) How to Retire with Home Equity

(13:00) Sell Rentals for House Hack?

(18:45) How to Use a HELOC to Invest

(26:04) Comment Section Callout

(28:47) Contractor’s Advice for Investors

(35:46) Build Multifamily on Inherited Lots?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-985

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

984: Pay Off Student Loans or Invest in Real Estate: Which Makes You Wealthier? Jul 08, 2024

Should you pay off student loans or invest in real estate? This is the question Tom Keating had to ask himself back in 2018. At the time, he had no real estate investing experience and only picked up The Book on Rental Property Investing by chance. He still had student loans but decided to spend his savings (which could have made him debt-free) on the down payment for his first rental property. Now, just six years later, Tom has an entire real estate portfolio of passive and active investments and is free from his W2!

If you’ve got some form of debt—student loans, credit card debt, medical debt, etc.—you might think you can’t invest in real estate, but you’d be wrong. In today’s episode, Tom breaks down the simple equation you can use to figure out whether you should pay off your debt or invest. Tom took the path less traveled, and now, he’s benefiting from it, being able to go anywhere in the world, live where he wants, and control his schedule.

Tom also shares a simple yet unbelievably valuable way to find the hottest real estate markets and areas to buy rental properties. The best part? The data he uses is FREE, and you can copy his same strategy to get cash flow, appreciation, or a bit of both!

In This Episode We Cover

Whether to pay off student loans or invest and the simple calculation you can use to decide

The super simple way to find hot real estate investing areas with appreciation potential

Quitting your W2 job and becoming a full-time real estate investor, even with a small portfolio

How to diversify your real estate portfolio with both passive and active investments

Why Tom invests across multiple states (and strategies) instead of drilling down on one area

And So Much More!

Links from the Show

Find Your Next Investing Market with BiggerPockets Market Finder

Grab “The Book on Rental Property Investing”

Should I Pay Off My Student Loan or Invest in Real Estate?

(00:00) Intro

(01:41) Serial Side Hustler

(05:29) Buying His First Duplex

(06:57) Invest vs. Pay Off Debt

(12:42) Tom’s Portfolio

(14:40) Investing in Multiple Markets

(20:01) Finding Hot Investing Areas

(26:08) Working Less, Making More

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-984

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

983: BiggerNews: With Slow Spring Homebuying, Zillow Predicts Price Drops in 2025 Jul 05, 2024

Zillow’s latest housing market forecast shows a decline in home prices over the next year after a very slow spring homebuying season. While spring is traditionally the hottest time of the housing market, with more sellers and buyers hitting the market at once, this year was stunted significantly. Will this trend continue as housing inventory remains at rock-bottom levels, or are things gradually improving, with a return to normalcy in sight? We’ve got Dr. Skylar Olsen, Chief Economist at Zillow, on to share the latest forecast and which markets could be in trouble.

With mortgage rates still hovering around seven percent, homebuyers and sellers are stuck. Sellers don’t want to trade into a more expensive mortgage payment, and buyers can’t afford today’s median home price. As a result, some under-the-radar, affordable real estate markets are seeing home and rent prices increase, while some traditionally hot markets are already seeing price corrections.

Where will the next correction hit, and which markets will have the most opportunity for real estate investors? Skylar explains it all, plus why Zillow updated their recent home price forecast to show a DROP in home values over the next year.

In This Episode We Cover

Zillow’s updated housing market forecast and why they’re predicting prices to drop

The spring homebuying season’s “extra slowdown” and why buying/selling is so stunted

Skylar’s 2025 housing market and mortgage rate predictions

What happens when mortgage rates get cut, and whether this could fire up the housing market again

The real estate markets seeing the most price corrections, plus hot markets Zillow is keeping an eye on

Markets with the strongest rent growth (for single-family AND multifamily investors)

And So Much More!

Links from the Show

Access Zillow’s Free Housing Data

BiggerNews: 2024 Housing Market Update and Why Prices Are Still Rising

(00:00) Intro

(01:36) Homebuying Sees “Extra Slowdown”

(06:51) Homes Sitting Longer

(08:34) More Inventory On the Way?

(13:19) Zillow Updates Forecast

(17:54) Markets Seeing Price Corrections

(20:58) Hot Markets

(22:22) Where Rents Are Growing

(26:33) Investors, Watch THIS

(29:16) 2025 Predictions

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-983

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

982: How Military Members Can Use Real Estate Investing to Fast-Track Their Financial Freedom Jul 03, 2024

Military real estate investing is perhaps the easiest way for veterans to reach financial freedom. Today’s guest is a prime example, going from broke recruiter to “military millionaire” in just FIVE years. And get this—military real estate isn’t just for service members. Everyday investors can take advantage of certain perks, too!

During his first seven years in the U.S. Marine Corps, David Pere was a serial spender, blowing each paycheck and saving very little money. But when a friend recommended the personal finance classic, Rich Dad Poor Dad, things finally clicked, and David realized the unique investing opportunities the military provided. Within four months, he had taken advantage of the favorable VA loan and bought his first house hack!

In today’s episode, you’ll learn how the military puts you in a great position to take financial risks early in your career. David takes a deep dive into VA loans, their benefits, their requirements, and what buyers and sellers should know. He even shares the best-kept secret in military investing—the Interest Rate Reduction Refinance Loan (IRRRL) program—which makes it EASY for investors to score a better interest rate!

In This Episode We Cover

How veterans can build wealth through military real estate investing

Why the VA loan is the “best primary residence mortgage in the world”

What YOU should know about VA loans (even if you’re not a service member!)

What sellers and buyers need to know about assuming VA loans

How to find a lender that specializes in military loan products

Refinancing with the Interest Rate Reduction Refinance Loan (IRRRL) program

And So Much More!

Links from the Show

BiggerPockets Real Estate – Episode 734: Seller Red Flags I Should Have Seen Before Doing a Nightmare Deal w/ David Pere

(00:00) Intro

(01:14) Buying His First House Hack

(05:57) Military Real Estate Investing 101

(09:11) VA Loan Benefits & Requirements

(14:57) Reusing VA Loans & Finding Lenders

(18:24) Assuming VA Loans & the “IRRRL”

(23:14) HUGE Military Investing Advantages

(26:21) Connect with David!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-982

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

981: Seeing Greene: Investing with High Rates, Recession Prepping, & RVs vs. ADUs Jul 02, 2024

High interest rates are stopping you from investing, so what do you do? Wondering how to prepare for a recession if one hits soon? Should you sell your rentals and pocket some cash, or will you regret dumping your performing properties to secure some short-term safety? These tough questions can’t be answered by just anyone, so we have our expert investors David Greene and Rob Abasolo on to help you navigate through the most financially puzzling parts of real estate investing.

In this Seeing Greene, we’re tackling topics like how to prepare for a recession as a landlord, what to do when high interest rates kill your deals, and whether you should build an ADU (accessory dwelling unit) or simply park an RV on your land and rent it out instead. But that’s not all; a contractor wants to know how to work with investors while making even more money. Is he barking up the wrong tree, or is going the investor instead of the residential route a better choice for those trying to grow their contracting business?

Plus, how long a tenant turnover should take and whether your property manager is moving too slowly. All that, and much more, is coming up in this Seeing Greene show!

In This Episode We Cover

How to invest in real estate during a high interest rate environment (and find lenders!)

Whether or not to sell your rentals if a recession hits in the near future

Renting out an ADU vs. an RV and which will make you more money and come with a lower cost

The power of compound interest and David’s genius method to pay off properties fast

Tenant turnover times and how long it should take for your property manager to find new renters

How contractors can get consistent work from investors by doing this

And So Much More!

Links from the Show

Ask Your Question and Network with Investors on the BiggerPockets Forums

Grab David’s BRRRR Book, “Buy, Rehab, Rent, Refinance, Repeat”

Real Estate Podcast 900 – The Truth About Real Estate Investing in 2024 (What Investors NEED to Know) w/Brian Burke, J Scott, and Scott Trench

Support today’s show sponsor, Rent App: the free and easy way to collect rent!

(00:00) Intro

(01:37) How to Invest with High Rates

(07:24) Renting Out an RV?

(14:00) Questions from the Comment Section

(15:41) Sell Rentals to Recession Prep?

(23:56) What Contractors Must Know

(33:58) Subscribe for More Seeing Greene!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-981

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

980: Does Buying a Business Beat Real Estate Investing in 2024? Jul 01, 2024

Today’s guest makes up to $100,000 per year, PER investment, by buying businesses. Yep, you heard that right. We’re not talking about a few hundred bucks a month in cash flow like most rental properties get you. Instead, you can make a living by buying a business “no one wants,” which is exactly what Matt DeBoth is doing.

Matt saw the writing on the wall after building up a sizable real estate portfolio. Low interest rates flooded buyers into the housing market, putting those with properties to sell in a great position. So, Matt sold many of his rental properties and wondered where he should put the money into. Over the next year, he spent his days researching businesses to buy, talking to business brokers, and eventually landed on a local pizza franchise. Matt was able to turn it around, and after months of hard work, he’s collecting serious cash flow from a business that only takes a few hours a week to manage!

If you want to buy yourself a six-figure income stream and feel like now is the perfect time to take a pause from real estate investing, Matt’s story may be just what you need to get started. He shares how much it costs to buy a small business, how to manage it, what to look for in business investment opportunities, and what you can do TODAY to get started!

In This Episode We Cover

How to create a six-figure income stream by buying small business franchises

Buying the businesses “no one wants” and how to easily spot an investing opportunity

Why a poorly run business can mean tremendous potential for you to make more money

The low-money-down small business loans that Matt is using to buy businesses

How to manage your business the right way so you only need to work a few hours a week

Who should (and shouldn’t) buy businesses, and how to pick one

And So Much More!

(00:00) Intro

(01:34) Buying When No One Else Would

(04:02) House Hacking an Apartment?

(06:09) Selling Off His Rentals?!

(13:06) Ditching Rentals to Buy Businesses

(15:32) Buying His First Business

(17:45) Finding Investment Opportunities

(21:07) $100K/Year Income Streams?

(24:55) Managing the Businesses

(28:28) Who Should Buy Businesses?

(30:58) How to Get Started

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-980

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

979: BiggerNews: What Happens to The Housing Market if Mortgage Rates Stay High? Jun 28, 2024

Mortgage rate s were supposed to be going down by now, but what happened? Even in late 2023, many housing market experts predicted that we’d be seeing high to mid six percent mortgage rates at this point and hovering around the high five percent rate mark by the end of the year, but the Fed isn’t showing any sign of lowering rates soon. Some experts even believe rates could go UP again this year as the job market stays hot and the economy sees unprecedented strength. This begs the question: What IF mortgage rates remain high?

It’s a reality many of us don’t want to see, but 2024 could end with minor, if any, rate cuts, keeping monthly mortgage payments high and affordability low. So, what should an investor do in this situation? Sit on the sidelines? Invest in a different asset class? Pray to Jerome Powell? While that last option may be worthwhile, top real estate investors are saying that NOW is the time to buy BEFORE rates fall. What do we mean?

We’ve got the entire expert investor panel from On the Market here to give their take on what investors should do IF rates don’t fall. From house flipping to long-term buy and hold rentals, our nationwide panel of investors shares exactly what they’re doing to make money even with high interest rates. Plus, we’ll give our predictions on when rates could fall, what will happen to housing inventory, what young people should do NOW to get their first house, and why investors need to “reset” if they want to thrive in this high rate housing market.

In This Episode We Cover

Mortgage rate predictions and when interest rates could finally start falling

What should investors do IF mortgage rates stay high throughout 2024

The “lock-in effect” and whether or not high rates are leading to lower inventory

The homes that are flying off the market in many areas (and the ones that are sitting)

How young people can creatively get into their first home or investment property

Why investors MUST “reset” their expectations if they’re to build wealth in this housing market

And So Much More!

(00:00) Intro

(04:45) When Could Mortgage Rates Fall?

(13:48) Inventory is Getting Gobbled Up

(19:56) Can Young People Make It?

(24:19) Investors Must "Reset"

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-979

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

How to Buy Your First, Second, or Third Rental Property! Jun 27, 2024

“The stack” method is how to buy rental property faster than you thought possible. With so many real estate investing beginners wondering how to build a real estate portfolio, especially in today’s market, Dave Meyer, VP of Market Intelligence at BiggerPockets, decided to reintroduce “the stack” on today’s podcast. In it, he’ll show you exactly how someone with zero real estate investing experience can go from one to two to three rentals and beyond by following this simple framework.

If you’ve struggled to buy your first rental property or never made it past the first deal, this is the episode to watch. Dave walks through how you can use “the stack” method to explode your real estate portfolio, the three simple steps to start buying rental properties today, and the one tool top real estate investors use to buy more real estate and find financial freedom faster. Beginner or investing veteran, if you’re feeling stuck but want to reach your financial goals, this might be just what you need.

Sign up for BiggerPockets Pro to get unlimited access to the rental property calculator and all the tools from today’s video. Use code “FIRSTPOD24” to receive 20% off!

In This Episode We Cover

How to buy your first, second, or third rental property using “the stack” method

The easiest way to find real estate deals in today’s market, even if you have no experience

How to analyze a rental property in just minutes with the BiggerPockets Rental Property Calculator

Financing and funding your first/next deal and why it’s not as hard as you think

The best real estate investing tool for those who want to explode their portfolios

Why real estate is the perfect investment for financial freedom

And So Much More!

(00:00) Intro

(00:35) How to Buy Your First Rental Property

(02:53) Achieving Financial Freedom

(05:03) Scared to Invest?

(09:44) "The Stack" Method

(12:11) 1. Finding Deals

(14:20) How to Analyze a Rental Property

(25:36) 2. Finding Financing/Funding

(28:34) 3. Finding Direction

(31:14) 3-Step Recap

(32:40) What Pro Investors Do

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-no-number-2

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

978: How to Build Your Real Estate Investing Team (Agents, Contractors, Lenders) Jun 26, 2024

If you want to grow your real estate portfolio faster, make more money with less headache, and achieve whatever financial dreams you desire, you need one thing—a real estate team. Most people don’t realize that the top real estate investors rarely do everything themselves. Instead, they’ve hand-picked real estate investing rockstars to grow their businesses FOR them. We’re talking investor-friendly agents, lenders, contractors, property managers, and more. If you can find the right people to fill those roles, you’ll be able to grow your passive income faster than you thought possible. So, where do you find them?

Dave Meyer and Henry Washington are back to give a masterclass on building your real estate team. They’ll walk you through each role—real estate agents, lenders and brokers, insurance agents, property managers, and contractors—describing what to look for, red flags to run from, and exactly where you can find the best of the best in your market. Get this right, and you’re on a fast track to real estate riches, but get it wrong, and you could delay your financial freedom!

Ready to build your investor-friendly real estate team? Check out BiggerPockets’ free team-builder to find agents, lenders, and more in your area!

In This Episode We Cover

How to build an investor-friendly real estate team from scratch

The sign of a great investor-friendly agent and clear red flags experienced investors notice

Why some lenders will lend to you much more easily than others

Why Henry ALWAYS uses an insurance broker (NOT an agent) to find policies

How to incentivize your property manager to make you more money (NOT just collect fees!)

A unique way to find quality contractors in your area and how to inspect their work BEFORE you hire them

And So Much More!

(00:00) Intro

(02:24) Real Estate Agents

(12:15) Lenders and Brokers

(22:08) Insurance

(25:27) Property Managers

(34:26) Contractors

(44:07) Where to Find Your Team

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-978

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

977: Seeing Greene: Exiting Bad Deals, Going Over Budget, & the BEST First Rental Jun 25, 2024

Every investor would love some extra cash flow…but at what cost? Does it make sense to go all in on a large down payment so that more money trickles in each month? If you want minimal debt, have no plans to scale, and are confident that your new property will appreciate, perhaps. But if your goal is to buy more rental properties and build your portfolio as quickly as possible, there are much better ways to leverage your cash position. In this Seeing Greene, we help a new investor navigate this exact scenario when buying his first property!

Next, we hear from someone whose earnest money deposit (EMD) is wrapped up in a failed medium-term rental. Should she cut her losses and walk away from the deal or weather the storm until the property can cash flow? Stick around to find out! Finally, we chat with an investor who has gone over his rehab budget and finds himself knee-deep in high-interest credit card debt. David and Rob walk him through the steps that will allow him to consolidate his bad debt and turn a ROUGH situation into MORE rentals!

Get a BIG incentive on turnkey rentals from today's show sponsor, Rent to Retirement. Visit them at RentToRetirement.com or text "REI" to 33777!

In This Episode We Cover

Whether you should ever force cash flow with a larger down payment

The BEST first rental property to buy (and how much money you’ll need)

Saving up for ONE property versus buying multiple rentals

Creative ways to get out of a BAD deal (and when to ride it out instead!)

How to get back in the green after overshooting your rehab budget

And So Much More!

(00:00) Intro

(01:30) Which Rental Should I Buy?

(07:34) The Medium-Term Rental Fiasco

(15:23) Comment Section Callout

(19:06) Help, I’ve Gone OVER Budget!

(33:05) Ask Us Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-977

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

976: How to Start Mobile Home Investing (The Right Way) for Just $15,000 Jun 24, 2024

Can you start investing in real estate with just $15,000? Yep, and mobile home investing is how you do it. We know what you’re thinking, “I don’t want to own trailers! I want to invest in “real” houses where the “real” money is at!” That’s what today’s guest John Fedro thought too some twenty years ago when he stumbled into mobile home investing, which, at the time, was even too embarrassing for him to share. But, over the past two decades, this at-first “embarrassing” investment has made him wealthy, and if you follow his lead, it can do the same for you.

John has successfully made money with mobile homes in various ways: buying and flipping, wholesaling, renting, and seller financing, the main topic of today’s episode. He provides a masterclass on how to make money buying and selling mobile homes, where you essentially take on the role of the bank. However, it’s crucial to be cautious. Mishandling this could lead you into an ethical gray area and potentially harm your buyer. On the other hand, getting it right can create a win-win situation for both the buyer and seller while making you wealthy.

John shares his whole strategy, plus how he’s getting into deals for $15,000 and often making DOUBLE his money and $400 per month (or more) cash flow per door when he seller finances these properties. If you want a way to get into real estate investing without a ton of cash but with the potential to make a serious return on your money, this may be your winning strategy.

In This Episode We Cover

The three “levels” of mobile home investing and how much each costs to get into

The danger of seller financing the wrong way and how it can hurt your buyer

Why you MUST background check EVERYONE you seller-finance a mobile home to

One thing that new mobile home investors overlook that can ruin your properties

The exit strategies you must know about to avoid losing money on your next deal

Whether or not we would invest in mobile homes (and our concerns with seller financing)

And So Much More!

(00:00) Intro

(02:32) Seller Financing...Mobile Homes?

(11:18) Win-Win Seller Financing

(16:52) 3 "Levels" of Mobile Home Investing

(22:08) How Much to Invest?

(23:53) Cash Flow and Profit Numbers

(26:51) What to Look Out For

(32:38) New Investors, Do THIS!

(33:52) Would WE Invest In It?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-976

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

975: BiggerNews: Rent Price Updates and Why Landlords Are Optimistic About 2024 w/Zumper’s Anthemos Georgiades Jun 21, 2024

The rental market could finally be returning to stability after a wild past four years. Since 2020, we’ve seen rent prices skyrocket almost overnight, with huge asking price increases for single-family homes, multifamily apartments, and everything in between. But that trend quickly reversed as the fight against inflation began, mortgage rates rose, and would-be homebuyers sat still, not knowing whether to stay renting or search for a home. But, a return to “equilibrium” may be coming soon, and that’s good news for landlords and renters alike. To break it all down, Zumper’s Anthemos Georgiades joins the show to share his team’s latest rent data.

Anthemos brings some surprisingly good news for landlords, from new month-over-month rent growth data to consumer preferences shifting to a more renter-focused lifestyle; now may be the moment landlords have been waiting for as renter demand looks promising and rates stay high. We’ll also discuss the inflation lag effect our rental market has caused and how to stay on top of current rent prices.

Has the dream of homeownership died? And if so, how do YOU attract the long-term renters who want to make a home out of your house (while paying YOU rent!)? Stick around for this rental market update every landlord needs to know about.

Support today’s show sponsor, Rent App: the free and easy way to collect rent!

In This Episode We Cover

Rent growth updates and why rents for some units are starting to climb

Single-family vs. multifamily demand and which asset is seeing the most strength

Why Anthemos is predicting a return to “equilibrium” for landlords this summer

The massive effect rent has on inflation and how housing shifts the economy

Is the “American Dream” dead? Why young Americans are ditching homeownership

Where to find free, up-to-date rent price data so YOU can make the most from your rental

And So Much More!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-975

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

974: Maximalism: The New Renter-Friendly Trend Landlords Can’t Overlook w/Tay “BeepBoop” Nakamoto Jun 19, 2024

Want to really stand out in your market? A few renter-friendly interior design ideas can make a world of difference, elevating a run-of-the-mill property into one that attracts tenants and guests and stays occupied year-round. Today’s guest has some affordable, do-it-yourself (DIY) design hacks centered around “maximalism,” the design trend you can’t afford to not know about.

Welcome back to the BiggerPockets Real Estate podcast! If you want to boost your property’s value, keep renters happy, and get even MORE cash flow from your portfolio, you’ve come to the right place. Today, interior designer Tay “BeepBoop” Nakamoto joins the show to share some of her most popular rental design tips. Regardless of your investing strategy, whether you own short-term rentals or are flipping houses for a profit, you won’t want to miss out on these enormous value-adds. The best part? They are extremely cost-effective, easy to implement, and, most importantly, reversible!

In this episode, Tay delves into maximalism—the interior design trend that is taking the world by storm in 2024—and shares how you can seamlessly integrate this popular style with your rental properties. She even shares some of the best places to find furniture, décor, and materials, as well as some common pitfalls to avoid when tackling your own home renovation projects!

In This Episode We Cover

The best renter-friendly, do-it-yourself (DIY) design hacks for rentals

How to implement maximalism throughout your rental properties

Why you must know your limits when making design changes

Where to find budget-friendly furniture and décor for your property

How landlords can benefit from keeping up with the latest design trends

Common pitfalls to avoid when tackling your own home design projects

And So Much More!

(00:00) Intro

(01:17) What Is Maximalism?

(04:31) Fixing Up Her First Home

(11:02) Renter-Friendly DIY Projects

(20:50) Common Pitfalls & Cosmetic Changes

(26:42) How to Implement Maximalism

(27:49) Connect with Tay!

(28:24) Boost Your Property's Value!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-974

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

973: Seeing Greene: Retiring Early, ARMs vs. Fixed-Rate Mortgages, & When to Sell Jun 18, 2024

Want to retire early? Real estate investing might be your best bet. Looking to boost your cash flow and expand your real estate portfolio, too? In today’s show, we’re sharing how to use home equity to build wealth the RIGHT way, plus the “portfolio architecture” secrets that enable you to retire earlier than you thought. Whether you’ve got one rental or a hundred or are just starting to dig into real estate investing, we’ve got the investing information you need on this Seeing Greene to reach true financial freedom.

First, an investor sitting on $300,000 of equity asks what he should do: sell his current rental property and buy more OR convert the single-family home into a multifamily investment. The answer isn’t as clear-cut as you’d think. Next, we discuss whether ARMs (adjustable-rate mortgages) vs. fixed-rate mortgages are your best bet for a lower mortgage rate. Plus, we'll share the five BIG mistakes new real estate investors can make. Finally, David describes “portfolio architecture” to an investor who wants to retire by age fifty. He CAN get it done, and you can, too, IF you follow David’s massive passive income plan!

Want to ask David and Rob a question? If so, submit your question here so they can answer it on the next episode of Seeing Greene, or hop on the BiggerPockets forums and ask other investors their take!

In This Episode We Cover

How to retire earlier with rental properties by strategizing your “portfolio architecture”

Using home equity to invest and whether you should renovate a property or sell it and buy more rentals

Adjustable-rate mortgages (ARMs) vs. fixed-rate mortgages and the “rate roulette” you could be playing

Five real estate investing beginner mistakes you should avoid when using the BiggerPockets Forums

How to explode your cash flow by converting your long-term rental into a short or medium-term rental

And So Much More!

(00:00) Intro

(01:31) Buy More Rentals or Convert Current One?

(07:33) ARM vs. Fixed- Rate Mortgages

(16:43) 5 Mistakes New Investors Make

(21:08) Portfolio Architecture (Retire Early!)

(32:05) Moving “Lazy” Equity

(42:09) Note Investing 101

(51:12) Starting a Business

(53:50) Ask Us Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-973

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

972: 3 Beginner Steps to Find Undervalued Real Estate in ANY Market Jun 17, 2024

What sets apart the wealthy from the wannabes when investing? Knowing how to find real estate deals! You’ll be ahead of ninety-nine percent of investors if you know how to find off-market real estate deals and discounted on-market properties. Today, we’re giving you everything you need to know to find real estate deals in your market, no matter your budget, and even if you have zero real estate investing experience.

Henry Washington, co-host of On the Market and author of Real Estate Deal Maker, is on to condense his seven years of investing into simple steps YOU can follow to find undervalued real estate. You’ll learn what a great real estate deal is, how to spot one even if you’ve never invested, why buying right is what REALLY makes you rich, three steps to start finding deals today, and the beginner mistake that’ll stop the deals from coming your way.

Plus, Henry even shares the hidden on-market deals ANYONE can find (if they’re up to it). If you follow these steps, you’ll have a steady stream of real estate deals flowing your way. But if you don’t, you could waste years of building wealth waiting for the right deal to fall into your lap. So, are you going to take action or make excuses?

In This Episode We Cover

How anyone in any real estate market can find undervalued real estate deals

The three steps to finding discounted deals and why most people give up too soon

Hidden on-market deals that anyone with a real estate agent can find

The biggest beginner mistake you can’t afford to make (it’ll could cost you…)

Why you DON’T need a ton of time and money to start finding off-market real estate

And So Much More!

(00:00) Intro

(02:08) What Makes a Great Deal?

(06:34) How You Really Make Money

(08:10) 3 Steps to Find Deals

(16:21) Biggest Beginner Mistake

(20:37) Learning From the Best

(23:29) Hidden On-Market Deals

(29:09) Most People Won’t Do This

(33:02) Beginner Steps to Take

(35:26) Grab Henry’s Book

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-972

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

971: BiggerNews: Mid-Year Housing Market Update + Mortgage Rate Forecast w/Redfin Chief Economist Daryl Fairweather Jun 14, 2024

We’re almost halfway through 2024, and the housing market is at a standstill. Mortgage rates are high, inventory is low, buyers have fewer choices, and many homeowners refuse to put their properties up for sale. But could things change in the second half of this year if interest rates fall and inventory improves, even if ever so slightly? We brought Redfin Chief Economist Daryl Fairweather on this BiggerNews episode to get her team’s latest 2024 housing market predictions.

First, Daryl explains how our stubbornly strong economy put the Federal Reserve in a challenging position and whether or not we could hit the magic two-percent inflation rate goal. Will buyers ever get a break in this tough housing market, and could lower interest rates improve things? Daryl shares what she thinks will happen once the Fed finally cuts rates, how low rates could go, and whether or not this will heat home prices up yet again.

Some “unusual demand” may come late this year for housing, but will agents, brokers, and sellers see the traditionally hot summer season they’ve been waiting for? We’re answering all these questions and more with this housing market data leader on this BiggerNews episode!

Support today’s show sponsor, Rent App: the free and easy way to collect rent!

In This Episode We Cover

2024 housing market and mortgage rate predictions from Redfin’s Chief Economist

How our economy has stayed so stubbornly strong EVEN with rate hikes

Homeowner control and why buyers may be in an even worse position AFTER rates fall

Improving housing inventory and what’s contributing the most to more homes on the market

Why inflation may NOT need to hit the two-percent target for the Fed to lower rates

The “lock-in effect” explained and why more homeowners with low rates could start selling

And So Much More!

(00:00) Intro

(01:38) A Stubbornly Strong Economy

(07:03) Housing Is STILL Hot?

(13:23) Mortgage Rate Prediction

((18:29) Will Inflation Fall?

(20:56) 2024 Predictions

(23:53) An Opportunity for Investors

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-971

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

970: 5 Mistakes to Avoid When You Start Investing in Real Estate Jun 12, 2024

Before you start investing in real estate, make sure you hear this episode. Almost every beginner ends up making these five big real estate investing mistakes. Some cost money, some cost time, but all of them cost you peace of mind and push you further away from achieving financial freedom. We’re breaking down these five big mistakes so you can avoid them and start building wealth faster!

Dave Meyer and Rob Abasolo are back today to discuss the five common real estate investing mistakes to avoid. From buying bad deals to doing wrong calculations, getting stuck in analysis paralysis, and beyond, even our expert investors have fallen into these beginner traps a few times. However, their previous mistakes could make you money as they share exactly how to avoid these rental property investing pitfalls.

If you want to invest in real estate but are stuck, scared that you’ll make the wrong move, jump into today’s episode and take notes. If you can avoid these real estate investing mistakes, you’ll not only end up richer but with far less grey hair than even the most savvy investors. Let’s get into it!

In This Episode We Cover

The five biggest real estate investing mistakes that beginners make (and YOU can avoid)

Why even a profitable rental property can be the “wrong” deal for you

The one thing that most new investors leave out when they’re analyzing real estate deals

The “sacrifices” you can make to get the money for your first or next real estate deal

Why you should NOT borrow money to buy your first investment property

The problem with real estate partnerships and why they’re so easy to get wrong

An antidote to analysis paralysis that’ll stop you from sitting on the sidelines

And So Much More!

(00:00) Intro

(01:25) 1. Buying the Wrong Deal

(05:57) How to Avoid Bad Deals

(07:14) 2. Analyzing Wrong

(11:09) 3. “Lacking” Money

(23:23) How to Do Partnerships

(25:49) 4. Getting “Stuck”

(29:01) Escaping Analysis Paralysis

(31:12) 5. Doom and Gloom

(34:18) Talk to THESE People

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-970

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

969: Seeing Greene: I Can’t Find Tenants! Should I Sell or Lower My Rent? Jun 11, 2024

Your rental properties are sitting vacant—what do you do? Do you sell or lower your rent price to spark some interest? Will reducing your rent open you up to bad tenants? We’re getting into exactly what you should do in this sticky landlording situation, and many others, in this episode of Seeing Greene. This time, we’re sharing wisdom on what to do when you can’t find tenants, how to invest with just $15,000 in 2024, which rental property mortgage to pay off first, and whether to keep or sell your newly renovated rental.

As usual, your real estate investing experts, David Greene and Rob Abasolo, are on the show to help answer any investing question you can think of. Our first video submission comes from a new investor who is completing his first BRRRR (buy, rehab, rent, refinance, repeat). With only $15,000 in the bank and a desire to build a real estate portfolio, what’s the BEST way to use such a small amount of cash? Next, a landlord with multiple rentals wants to know which mortgage to pay down first: her primary residence or her other rentals. An out-of-state investor with a vacant property struggles to find a tenant even after lowering his rent price. A medium-term rental owner with a burnt property asks whether to sell or re-rent the property after his insurance-paid renovations are completed.

In This Episode We Cover

Struggling to find tenants? What to do if you think your rent price is too high

Building a real estate portfolio with just $15,000 and why you must use the “BRRRR method”

Paying off your mortgage early and whether to prioritize loan balance or interest rate when picking which property to pay off

The huge danger of using a HELOC (home equity line of credit) to pay off a property

What to do after you renovate/rebuild a rental property—keep or sell it?

And So Much More!

(00:00) Intro

(01:24) Build a Portfolio with $15K?

(10:43) Which Mortgage to Pay Off First?

(20:22) I Can’t Find Tenants!

(30:00) Sell or Keep Renovated Rental?

(35:30) Ask Us Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-969

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

968: Making $10,000/Month PER Rental with These Guaranteed Cash Flow “Contracts” w/Noble Crawford Jun 10, 2024

Want to know how to make millions WITHOUT owning real estate? Rental arbitrage is the strategy for you. And maybe you’ve heard about it before, but we promise you’ve never heard anything like this. Today’s guest is bringing in millions of dollars through “guaranteed” rental arbitrage contracts that last YEARS. You heard that right—guaranteed rent for years, often at the highest price on the market. And you don’t need to own a single rental property to try this strategy. So, how do you get started?

If you’re looking to make big money with big deals but don’t have the deep pockets to buy a hundred-unit apartment complex, Noble Crawford has what you need. After choosing his wife’s health over his day job, Noble realized he needed an income stream he could depend on—one that wouldn’t be ripped away from him when life’s challenges arose. He learned about Airbnb investing and, by default, rental/Airbnb arbitrage. When the opportunity came for him to house medical students in need, he jumped at the chance and found a seriously lucrative investing avenue.

In today’s episode, Noble will walk through exactly what you can do to start making tens of thousands, if not millions, with rental arbitrage. Plus, he’ll share how to get the deeply-desired government contracts that guarantee you top-of-the-market rent for YEARS.

In This Episode We Cover

How to use “rental arbitrage” to invest in real estate without owning a single property

The lucrative government housing contracts that can make you millions (seriously!)

How Noble gets up to $10,000 per month per unit with these lucrative cash flow contracts

Crucial first steps to starting your rental arbitrage empire (don’t get these wrong)

Exactly where to find and how to get in touch with agencies that are looking for housing

And So Much More!

(00:00) Intro

(01:23) Cash Flow “Contracts”

(04:38) $10,000/Month from ONE Rental?

(09:23) Leaving His Job

(12:20) Moving from Airbnb to Contracts

(18:44) How to Compete for Contracts

(26:30) How to Get Started

(35:01) Connecting with Agencies

(36:53) You NEED This Document

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-968

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

967: BiggerNews: Apartment Investing Took a Huge Hit, Is a Comeback On the Way? w/Brian Burke Jun 07, 2024

Almost overnight, multifamily investing went from red-hot to something not even the most experienced investors would touch. After interest rates went up, rent growth stalled, and apartment supply flooded the market, the apartment investing industry became the ugly duckling of real estate. Owners struggled to get tenants and had huge balloon payments due, and no one was there to save them. But one man predicted that this would happen before anyone else—Brian Burke.

After seeing a crash on the horizon, Brian sold off most of his multifamily real estate portfolio and did it at just the right time. Now, he has a new prediction that could make apartment investors very happy. But a market turnaround won’t come quickly, and if you want to ensure you don’t make the same mistakes most multifamily investors made in 2020 - 2022, you’ll need to hear this BiggerNews episode.

In this BiggerNews, Brian walks through everything that went wrong with multifamily real estate, signs it’s time to sell your properties, and some hope on the horizon for 2025 that most investors have no idea about.

Support today’s show sponsor, Rent App: the free and easy way to collect rent!

In This Episode We Cover

A multifamily real estate update and Brian’s buying plans for 2024 and 2025

The “sobering reality” of the perfectly timed “traffic accident” that hit multifamily all at once

Why as soon as you sense “irrational exuberance,” it may be time to sell your real estate

An optimistic prediction from Brian on when multifamily could finally get back on its feet

Syndication struggles and what every syndicator/investor should be doing NOW

Why the multifamily oversupply may NOT be a problem in the coming years

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

Listen to Dave on the “On The Market” Podcast

BiggerPockets’ Instagram

On the Market Podcast 214 – What to Know About “Capital Calls” As Multifamily Syndications Get “Squeezed” w/Brian Burke

Book Mentioned in the Show

The Hands-Off Investor by Brian Burke

Connect with Brian:

Brian’s BiggerPockets Profile

(00:00) Intro

(01:57) "Irrational Exuberance”

(08:52) Investors Get Hungry

(11:34) Developers Come In

(14:34) The Sobering Reality

(19:01) Distressed Properties

(22:02) Don’t Buy Anything?

(23:41) Long-Term Multifamily Predictions

(26:30) Syndication Struggles

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-967

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

966: Top Investors Reveal Their Worst Real Estate Deals (DON'T Repeat Them!) Jun 05, 2024

Think you've got a bad real estate deal? We doubt it comes even close to what we’re about to share. Today, the experts are in to talk about bee-infested rental properties, risky flips, “wholetail” failures, and other ways that they’ve lost money with real estate deals gone wrong. Why are we sharing such horrific stories? Because we want YOU to be able to avoid the same fate on your first or next investment property. Take a seat, get some popcorn, and pray that your properties won’t turn out like this…

First, Henry Washington from the On the Market podcast shares his recent luxury flip…or should we say, luxury “flop.” This property was poised to make him up to a six-figure profit, but it didn’t work out that way. One simple mistake ruined this real estate deal and forced Henry to slowly pay away all his profits to a hard money lender. Next, our own Rob Absolo talks about the dangers of NOT looking at the comps when doing a “wholetail” deal and how you could easily find yourself with a home worth less than what you put into it.

Finally, the deal of all horrible deals comes out…David Greene’s deal. Where do we even start? Permit problems, mold, bee infestations, and NO way out—this short-term rental gone wrong is costing David hundreds of thousands of dollars, and with little light at the end of the tunnel, he may be forced to do something drastic. So, how do YOU avoid these nightmarish real estate deals? Stick around so you know exactly what NOT to do.

In This Episode We Cover

Three of the worst real estate deals our investing experts have ever done

Why not knowing your neighborhood can cost you BIG on your next house flip

The danger of hard money loans and the massive interest they come with

Why you NEED a partner/mentor in your area to confirm a property’s worth

The so-called “landlord-friendly” state that’s actively trying to ruin David Greene

How nosy neighbors can end up costing you hundreds of thousands of dollars

Whether or not our investing experts regret investing in real estate after this

And So Much More!

(00:00) Intro

(01:24) A Risky Luxury Flip

(06:02) Final Numbers and Exit Plans

(09:19) Henry’s Mistake

(11:14) An Overpriced Wholetail

(15:04) Rob’s Mistake

(23:23) The City Ruined My Real Estate

(32:43) David Lost HOW Much!?

(36:19) How to Avoid This

(39:07) Do We Regret It?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-966

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

965: Seeing Greene: Insurance and Taxes Killed My Cash Flow, Should I Sell? Jun 04, 2024

Want a quicker way to buy rental properties? One that takes less cash, less time, and is beginner-friendly? Then you’re in the right place! In this Seeing Greene, we’re talking about the “sneaky rental tactic” that can help you build a real estate portfolio in just a few years. And if insurance and property taxes have been eating away all your cash flow, we go through a real-life investor’s situation to determine whether he should hold, fold, or change his real estate strategy. All that, and more, is coming up!

Like most investors in America, your property expenses are rising, but rent isn’t climbing at the same rate. What do you do when your cash flow disappears? That’s what our first investor is asking. Then, a house hacker wants to know how to get into his second property and what rules he has to follow to house hack once again. A rent-by-the-room investor gets given an ultimatum by his potential tenant—what should he do? We’ll also discuss the difference between “cheap” and “bad” houses, what to look for in a home inspection, and what to do when guests throw a party at your Airbnb.

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 if it no longer brings in monthly cash flow

The “sneaky rental tactic” anyone can use to buy their first (or next) investment property

How many checking accounts you should have for your real estate portfolio

Renting-by-the-room and what to do when a tenant has make-or-break demands

The problem with buying “cheap houses” and why we steer clear of them

What we look at in a home inspection report and what you should always ask the inspector

How to stop parties and large gatherings from happening at your Airbnb or short-term rental

And So Much More!

(00:00) Intro

(01:51) Sell My Low-Cash-Flow Rental?

(07:30) The “Sneaky” Rental Tactic

(12:55) How Many Checking Accounts?

(15:05) Buying “Cheap” Houses

(21:50) Home Inspections 101

(27:58) Ask Airbnb Guests for ID?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-965

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

964: Retiring His Parents by Buying Unwanted, Overlooked Real Estate Deals w/Logan Koch Jun 03, 2024

One investment property could change your life, especially if you buy the right one. Logan Koch, an investor in Pittsburgh, Pennsylvania, was buying investment properties for one specific goal: To retire his parents. With a $45,000/year cash flow target in mind, Logan and his parents went to work, finding small multifamily rental properties to buy, fix, and increase rents on. But one day, Logan stumbled across a commercial real estate deal that nobody wanted, one with huge signs of opportunity.

In today’s show, Logan lays down step-by-step exactly what he did to find this unwanted and unnoticed commercial real estate investment, how he was able to DOUBLE the cash flow on it, the massive return on investment he’s walking away with, and even how he got the city to lower his property taxes by two-thirds! The best part? None of what Logan did requires expert-level investing knowledge. Anyone, even a complete real estate investing beginner, can follow Logan’s same thought process to find and buy undervalued real estate deals.

Do you want to start building some retirement (or early retirement) cash flow for yourself or your parents? These are the exact types of deals you should be on the lookout for! Stick around as we discuss Logan’s almost unbelievable return on this cheap investment property everyone else was overlooking!

In This Episode We Cover

Telltale signs that a property’s expenses are WAY too high (and how to lower them significantly)

Setting a cash flow retirement goal that’ll allow you to retire (or retire early) on your timeline

How Logan cut his property tax bill on this investment by over sixty percent!

Seller financing and how to get creative when buying commercial real estate

BRRRR-ing a big property and how Logan bought $15,000/year cash flow for just $20,000!

And So Much More!

(00:00) Intro

(01:58) Investing to Retire His Parents

(05:50) Small Multifamily, Big Cash Flow

(11:42) Finding the Opportunity

(19:01) Cutting Property Taxes by 66%

(22:22) A 75% Return!?

(29:19) The Rental Retirement Plan

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-964

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

963: BiggerNews: 6 Rules for Real Estate Investing in 2024 w/J Scott May 31, 2024

Real estate investing in 2024 isn’t as easy as a few years ago. When interest rates are low, housing inventory is high, the economy is booming, and everyone’s happy, real estate investors can take considerably more risks with bigger payoffs. But now, only the most savvy investors are finding cash flow, appreciation potential, and wealth-building properties. So, with little hope in sight for lower rates or home prices, how do you ensure you’re building wealth, not getting burnt, in the challenging 2024 housing market?

If there’s one person who knows how to invest during tough times, it’s J Scott. He literally wrote the book on recession-proof real estate investing and has flipped, landlorded, and syndicated through booms, busts, and the in-between periods. Today, J is laying down his six rules for real estate investing in 2024, which he’s following himself to ensure his portfolio doesn’t just survive but thrive, no matter what the housing market throws his way.

First, we dive into the factors causing such a harsh housing market and whether J thinks home prices will rise, flatten, or crash. Next, J walks through the six rules for real estate investing in 2024. We’ll talk about appreciation potential, rising expenses like insurance and property taxes, the riskiest investing strategies of today, loans that’ll put your real estate deals at risk, and why you MUST start paying attention to your local housing laws.

Support today’s show sponsor, Rent App: the free and easy way to collect rent!

In This Episode We Cover

The six rules for successful real estate investing in 2024 from a time-tested expert

Inflation, interest rates, home values, and why the housing market has significantly slowed down

What rising expenses like insurance premiums, property taxes, and labor will do to your rentals

The one thing you CAN NOT assume when analyzing real estate deals (big potential mistake)

Adjustable-rate mortgages (ARMs) and why J is avoiding these at all costs

Rent control, short-term rental regulations, and housing laws that could put your rentals at risk

And So Much More!

(00:00) Intro

(01:30) What Affects the Housing Market?

(11:20) 1. Don’t Bet on Appreciation

(15:46) 2. Expect Higher Expenses, Lower Rent

(20:37) 3. Know the Risks of Flips

(26:46) 4. Avoid Adjustable-Rate Loans

(28:48) 5. Buy What You Can Hold

(33:15) 6. Pay Attention to Local Laws

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-963

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

How to Use the BRRRR Method to “Invest on Repeat” May 30, 2024

Want to reach financial freedom faster? The BRRRR method is how you do it. Seriously—the BRRRR strategy is almost too good to be true, which is why so many real estate investors use it as the stepping stone to start building wealth. In short, the BRRRR (buy, rehab, rent, refinance, repeat) method allows you to reuse and recycle your money repeatedly, turning one sum of cash into multiple investment properties or an entire portfolio! This allows you to build your real estate portfolio faster WITHOUT having to wait around to save up tons of capital to invest.

But how do you use the BRRRR method to build wealth, passive income, and financial freedom? We’ve got a financially free investor, Dave Meyer, on the show to walk through the three steps of completing a BRRRR real estate deal. From finding the properties to analyzing them for maximum profit potential and refinancing to get your money back out, these are the steps a beginner needs to take to do their first BRRRR deal. Plus, we’ll even show you a tool that runs the numbers for you in just minutes so you can get your first or next investment property even faster!

Want to do BRRRR deals like the pros? Sign up for BiggerPockets Pro to unlock unlimited BRRRR calculator usage and access all the elite investor tools by using code “BUYPOD24” at checkout. Plus, you’ll score a sweet discount and over a thousand dollars in bonuses!

In This Episode We Cover

The BRRRR method explained and how to use it to “invest on repeat”

Why BRRRR may be one of the best ways to reach financial freedom FAST

The risks of the BRRRR method (and easy ways to get around them)

How to find perfect properties for the BRRRR method (and Dave’s favorite way to find deals)

Analyzing a BRRRR deal from start to finish (in just minutes!) with the BRRRR calculator

How to get funding for your first or next BRRRR deal with these investor-friendly lenders

And So Much More!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-no-number

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

962: How to Buy a Home (or Entire Neighborhood) With Your Friends and Family w/Phil Levin May 29, 2024

Imagine living in a home where your next-door neighbors are your best friends or family members. We know you’ve thought about it before—starting a compound with all the people you love, everyone helps each other, watches each other’s kids, the community stays safe, and you barely have to drive! This is exactly what co-ownership homes, co-buying, and co-living can do for you! But getting a dozen or so people together to do a real estate deal can be a little tricky; that’s why we have Phil Levin, founder of Live Near Friends, on the show to help.

Phil lives in his own housing “cluster” with nineteen (yes, nineteen) of his closest friends. He believes that being near your loved ones helps you live a happier, safer, and more contented lifestyle—and we agree! There are massive positives to living in a neighborhood with your friends. We’re talking free babysitters, consistent helping hands, less driving and more walking, and, of course, being able to see your best friends almost every day of the week. But practically, how does one start building a community like this?

Phil walks through the different setups anyone can try to begin living with and around their friends and family, from co-buying with one or multiple others to starting a “minihood” and making your own part of the block, or building an ADU (accessory dwelling unit) for a close friend or two to live in. He even talks about the rising demand for this type of co-living and what developers and real estate agents can do to make serious profits from this growing trend.

In This Episode We Cover

Co-ownership, co-living, and co-buying explained and how to live with your best friends

The massive benefits of living near family and friends (especially if you have kids!)

The “law of proximity” and boosting your lifestyle by co-living with more happiness and less stress

Creating a “minihood” where you and your friends all live within walking distance

How real estate developers can get a jump on this fast-growing co-ownership trend

And So Much More!

(00:00) Intro

(01:24) Compound Living

(04:00) How to Start Coliving

(07:15) Benefits to Living with Friends

(10:51) “Cobuying” with Friends/Family

(16:39) Huge Demand for This Housing

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-962

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

961: Seeing Greene: How to Avoid High Down Payments and When to BRRRR vs. Buy New May 28, 2024

One of the biggest hurdles to rental property investing? High down payments. Most lenders want you to come to the table with twenty to thirty percent down, but with home prices averaging around $400,000, it might not be easy to come up with $80,000 to $120,000 on your next deal, especially with today’s high cost of living. So, how do you skirt the high down payment requirements while still locking up solid real estate deals? We’re showing you how in today’s Seeing Greene!

First, a Hawaii investor struggles to scale his real estate portfolio with the state’s significant down payment requirements. David and Rob give him some creative ways to still get deals done. A median-income-earning new investor wants to know whether to buy a new construction home or BRRRR his way to wealth. Then, we debate whether a high down payment with cash flow beats a low down payment with negative cash flow. Looking for a better interest rate on your next deal? We’ll share the seller finance strategies you can use to buy off-market properties, plus whether or not you can buy two houses at once with the same preapproval.

Support today's show sponsor, Rent to Retirement, by checking out their turnkey rental properties for sale!

In This Episode We Cover

How to get around high down payment requirements on your next deal

BRRRRing (buy, rehab, rent, refinance, repeat) vs. buying new build homes

Weighing the pros and cons of a high down payment with higher cash flow

The ONLY type of investor who should purchase negative cash flow properties

Seller financing 101 and how to find these hidden deals with rock-bottom rates

Buying two houses with the same preapproval and whether it’s even possible

And So Much More!

(00:00) Intro

(01:07) How to Avoid High Down Payments

(11:36) BRRRR or Buy a New Build?

(20:35) Take Negative Cash Flow?

(24:50) Comment Section Callout

(27:36) Getting Seller Finance Deals

(34:24) Buying Two Houses at Once?

(36:53) Ask Us Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-961

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

960: No Cash Flow in Your Market? How to Invest Out-of-State Like a Pro w/Jessica and Shyd Coloma and Michael Gallagher May 27, 2024

Looking for monthly cash flow but live in an expensive real estate market? It sounds like you need to start buying rental property OUT of state. After realizing that real estate investing could be the wealth-builder they needed, Jessica and Shyd Coloma wanted to get in the game. But in pricey Southern California, finding passive-income generating rental properties was next to impossible. So, they began looking out of state. Thanks to BiggerPockets Agent Finder, they met Ohio-based agent Michael Gallagher, and now, just a couple of years later, they have a cash-flowing rental property portfolio!

Michael was able to quickly show the couple which cities offered cash flow, appreciation, and a bit of both, as well as the parts of town that were seeing the most growth. They ended up buying a duplex for under $100,000, saw instant cash flow, and decided they needed more! In today’s show, they’ll walk through all the numbers of their first and second deals, how their rock star agent saved the day multiple times, and what you MUST look for in an out-of-state investing market.

Need an investor-friendly agent? Use BiggerPockets Agent Finder to connect with local agents in your investing area for free!

In This Episode We Cover

Long-distance real estate investing and how to buy rentals from 2,000+ miles away

Building your "buy box" so you know exactly what you want in an out-of-state market

Cash flow vs. appreciation and which cities in Ohio offer which benefits

Finding a property manager remotely and whether local managers beat national ones

Short-term rentals, medium-term rentals, and the strategies to get even more cash flow out of your rental

One huge closing hiccup Jessica and Shyd ran into that you should be on the lookout for

And So Much More!

(00:00) Intro

(01:22) Investing Out of State

(08:24) $87K First Rental Property!

(13:07) Finding a Property Manager

(15:06) 2nd Deal in Columbus

(23:34) Closing Hiccups and Final Numbers

(29:09) Keep Investing in Ohio?

(31:29) Ready to Invest Out of State?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-960

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

959: BiggerNews: 2024 Housing Market Update and Why Prices Are Still Rising May 24, 2024

The 2024 housing market isn’t turning out how most of us thought. At the beginning of the year, real estate investors were hopeful that mortgage rates would fall, affordability would return, and home prices would have a chance to stabilize before going back up. But none of those things happened. Rates are still high, affordability is at a forty-year low, and home prices are slowly rising even with diminished demand. Why is this happening, and what’s causing these market moves? All that and more, with VP of Market Intelligence at BiggerPockets, Dave Meyer, in this BiggerNews episode.

We’re giving you an entire wrap-up of the 2024 housing market (so far) on today’s episode as Dave goes through the data behind affordability, home prices, inventory, sales, and which real estate markets are faring the best. With more and more homeowners “locked in,” the US as a whole is still experiencing low housing inventory—HALF the amount of inventory from just a few years ago. This puts buyers in a tough spot. Should they buy now with limited choices and high rates or wait for mortgage rates to drop? And if they do decide to wait, what happens to rent prices?

Dave answers it all plus shares the region-by-region differences affecting each corner of the US housing market. From high inventory in the Southeast to the often overlooked real estate regions with massive demand, we’ll get into where money is moving and which states you should be most concerned about investing in. All that, and much more, in this BiggerNews housing market update!

Support today’s show sponsor, Rent App: the free and easy way to collect rent!

In This Episode We Cover

A 2024 housing market update and the data you should pay attention to most

Why home prices continue to rise EVEN with low demand and record-low affordability

Our ongoing affordability crisis and how mortgage rates are stunting home sales

Why inventory is exploding in one specific region of the United States (and what it means for investors)

Slow rent growth and the multifamily overbuilding problem that could affect many investors

Exactly what Dave is investing in this year, plus the one big concern he has for future real estate deals

And So Much More!

(00:00) Intro

(02:11) Affordability at 40-Year Low

(06:13) Inventory is Rising (Good News)

(08:41) Home Sales Are Up…Kind Of

(10:48) Rent and Home Prices Increase

(15:04) Hot and Cold Housing Markets

(21:51) What Investors MUST Know

(26:42) How to Track the Housing Market

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-959

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

958: Hiring a Property Manager 101: Make More (in Less Time) from Your Rentals w/Luke Rzepiennik and Michael Vialpando May 22, 2024

Hiring a property manager can be one of the best or worst decisions in your real estate investing career. The right property manager can give you the time to scale your portfolio to new heights, all while increasing the revenue on your rental properties. But the wrong property manager can drown you in unnecessary fees, push time-consuming tasks back on your plate, and leave your properties worse off than they were before. How do you distinguish between the two when every property manager tells you they’re the best in the business? In today’s show, we’ll show you how.

After building their real estate portfolios, Luke Rzepiennik and Michael Vialpando struggled to find property managers that fit their standards. They both had portfolios of short-term rentals, but no manager in their area was making the cut. With busy schedules and full-time jobs, neither of them could drop everything to become the perfect property manager. So, instead, they started Renjoy to not only manage their own properties but other investors’ properties as well.

If you’ve struggled to find the right property manager in your area or are at the tipping point of needing one, Luke and Michael can help. They give a masterclass on property management, from the exact questions to ask a property manager to signs of a great one, red flags to watch out for, and when it’s time to stop managing your own properties and start hiring it out. Plus, we’ll share the huge mistake most rental property investors make and the little “fees” that can kill your cash flow when using a property manager incorrectly.

Find a trusted property manager in your area today with BiggerPockets Property Manager Finder!

In This Episode We Cover

How to hire a property manager so you can spend less time managing and more time scaling

What a property manager does and the roles and responsibilities you should expect them to take on

Questions you should ask any short-term rental property management company BEFORE you hire them

Death by fees and the tiny charges that are draining your rental of any cash flow

When it’s time to hire a property manager and common property management pricing

And So Much More!

(00:00) Intro

(01:25) Building Their Rental Portfolios

(04:07) Property Management Problems

(11:59) Questions You MUST Ask

(18:42) When to Hire and Pricing

(24:53) These Costs Will Kill Your Deal!

(28:26) Medium-Term Rental Management

(31:25) Saving Your Time

(36:35) Connect with Luke and Michael!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-958

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

957: Seeing Greene: Flood Zones, New Builds, & Does Mexico's Cash Flow Beat the US? May 21, 2024

Have you ever thought about buying rental properties abroad? It might surprise you, but investing overseas could bring in much more cash flow and appreciation than you thought possible. Bobby, a real estate investor from Arizona, moved his money down south, buying in both big cities and small tourist destinations in Mexico. He’s here to share everything you need to know about buying international investment properties and how you, too, can beat the US housing market by moving your money elsewhere.

It’s time to practice your Spanish because, on this Seeing Greene, señor David Verde and Rob Abasolo are here to talk about investing in Mexico’s cash-flowing coasts and appreciating capital city. Bobby details finding properties for sale when investing abroad, how to get a rental property loan (and today’s mortgage rates), the challenges American investors will encounter, and the tourist markets to look for. Plus, we’ll answer some questions from the comments and listeners about buying in a flood zone, financing an ADU (accessory dwelling unit), and how to run your numbers on a build-to-rent property.

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:

Investing in overseas rental properties and everything you need to know to find deals

Financing investment properties in Mexico and the sizable mortgage rate differences

Signs that your international investment is actually a scam (red flags!)

Tourist markets with solid signs of growth and how to spot them so you can see BIG appreciation

Should flood zones scare you, and when is it worth it to invest in a property in one

Build-to-rent calculations and the top things the experts look at before buying a NEW property

And So Much More!

Links from the Show

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Access Exclusive Real Estate Investing Tools with BiggerPockets Pro

Try the BiggerPockets Calculators Today

Connect with Other Investors on the BiggerPockets Forums

Grab David’s Book, “Long-Distance Real Estate Investing”

Reach Financial Independence with the BiggerPockets Money Podcast

BiggerPockets Real Estate 932 - Seeing Greene: When NOT to Build an ADU and How to Invest $300K

(00:00) Intro

(01:16) Investing in Mexico!

(03:52) Financing Rental Properties Abroad

(06:37) Finding Properties in Mexico

(08:25) Airbnb-ing Abroad Tips

(09:59) Airbnb Profit Numbers

(16:27) The Problem with ADUs and HELOCs

(22:41) Buy in a Flood Zone?

(25:21) Build-to-Rent Calculations

(29:58) Ask Us Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-957

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

956: How a 3% Interest Rate Cost Me Over $180,000 (Avoid My Mistake) w/Tanner Litchfield May 20, 2024

"Subject to" real estate has been exploding in popularity. When mortgage rates began to rise, subject to (often called sub to) came in as the hero to save the day. This real estate investing strategy offered investors the chance to take over low-interest-rate loans from homeowners who wanted to sell their properties. And, with often a minimal down payment required, new and experienced investors lined up to give this fast-scaling strategy a try. Without even knowing it, Tanner Litchfield did the same.

After being brought a home run, three-percent mortgage rate deal, Tanner knew he had to act quickly to secure what would be a massive passive income play. He put down a six-figure down payment to secure it, with another seventy thousand dollars in renovation costs. Things were rolling smoothly until…they weren’t. Tanner lost every penny he put into this property and the property itself while another investor walked away with it in hand. How did this happen, and how do YOU avoid a six-figure creative financing mistake?

In today’s episode, Tanner walks through every difficult detail of this deal gone wrong. He shares the red flags he should have seen in the beginning and the one thing that could have saved him from this deadly deal. If you’re interested in seller financing, subject to, or any other type of creative financing, you MUST listen to this episode, or you could be hit with a six-figure loss, too.

In This Episode We Cover:

Subject to real estate explained and why so many investors are flocking to this strategy

The “due on sale" clause which can easily lose you an entire property if called

Why you MUST understand the zoning and rules for your rental property BEFORE you buy it

The “gray area” of creative financing that is putting new and veteran investors at risk

Why having a solid network in your investing area can stop you from getting burned

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

The Hidden Risks of “Subject To” Real Estate w/Eddie Speed

Creative Financing: How To Use It In Real Estate

Connect with Tanner:

Tanner's BiggerPockets Profile

(00:00) Intro

(01:20) Ditching Dentistry to Invest

(04:35) Finding Creative Financing

(06:15) A Perfect Deal on Paper

(10:15) Scoring a 3% Interest Rate?

(12:39) Things Go Really Wrong

(21:15) A Massive "Gray Area"

(25:43) A Chance of Recovering?

(30:25) What Tanner Would Do Differently

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-956

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

955: BiggerNews: Real Estate vs. Stocks, the Ultimate Wealth-Building Debate w/The Motley Fool! May 17, 2024

Which will make you richer: real estate vs. stocks? We brought the fine folks from The Motley Fool on the podcast to get into a serious debate over which asset makes you more money, which is easier to invest in, and which saves you the most in taxes. We’ll go head-to-head against The Motley Fool’s Jason Moser and Matt Argersinger to finally answer the age-old question: Should you invest in stocks, real estate, or both?

For this debate, we had to bring out the big guns. That’s why Dave Meyer and BiggerPockets CEO Scott Trench will be on team real estate for this debate, as Chris Hutchins from All the Hacks moderates to ensure things stay fair. Although we’d love to admit that we crushed this debate, there are some moments when the stock investors will surprise you, showing that real estate may not be for everyone and how stocks beat real estate in numerous ways. But that doesn’t answer the question, “Does real estate make you richer?” Don’t worry; we’ll get into all that in this debate.

Stick around as we get into the topics you care about most: building wealth, barriers to entry, volatility and risk, diversification, REITs vs. rentals, leverage and liquidity, time commitments, tax advantages, and more. If you’re itching to park your cash in an investment, hear out the debate BEFORE you make a move!

Support today’s show sponsor, Rent App: the free and easy way to collect rent!

In This Episode We Cover

The ultimate real estate vs. stocks debate (and which will make you richer)

Barriers to entry and which asset class is the EASIEST for beginners

Volatility and risk, and the sizable advantage real estate has for stable pricing

REITs (real estate investment trusts) vs. rentals and the more “passive” type of real estate investing

How much time it actually takes to succeed at stock investing and landlording

The MASSIVE tax advantages to real estate investing that stocks cannot beat

Why BiggerPockets CEO Scott Trench invests more in stocks than in real estate (!?)

And So Much More!

(00:00) Intro

(02:20) Stocks vs. Real Estate Investing

(04:08) Building Wealth

(08:43) Barriers to Entry

(14:50 )Volatility and Risk

(20:41) Diversification

(23:42) REITs (Real Estate Investment Trusts) vs. Rentals

(32:57) Time Commitments

(35:53) Leverage and Liquidity

(41:12) Tax Advantages

(43:54) Closing Arguments

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-955

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

954: Cheap Old Houses: Buying Fixer-Uppers for Just $100K w/Ethan and Elizabeth Finkelstein May 15, 2024

Would you buy a house for $100K? That’s right, just twenty-five percent of the median home price in America. Well, we found a couple who does just that, finding fixer-upper properties that often cost less than six figures and turning them into eye-catching, head-turning homes. They even argue that these cheap old homes are BETTER than the newer-built house flips that so many investors are targeting today. So, how do you find your next $100K home, and where do you start looking?

Elizabeth and Ethan Finkelstein, the brains behind HGTV’s Cheap Old Houses and the social media account by the same name with millions of followers, join us on today’s show. Elizabeth and Ethan love cheap old houses, but not for the reason you think. Most investors purely look at the numbers or the profit potential, but Elizabeth and Ethan see beyond that, fixing up old houses to not only collect the significant equity gain but restore communities and bring back long-forgotten styles, materials, and looks.

They’ve bought houses for as cheap as $27,000 and turned them into homes anyone would dream of having. If you’re an investor without much capital and can get a little handy, these old houses could explode your portfolio. But who SHOULD be buying these cheap old houses? Stick around as Elizabeth and Ethan give their expert advice on what to DIY vs. hire out, which old pieces to keep, the best way for beginners to get started with little money, and the decades that built the BEST houses!

In This Episode We Cover

How to get on the path to financial freedom by buying cheap old houses

Buying houses for just $27,000 and where to find these types of homes

How old is old enough, and the decades when building quality starts to decline

Using the “live in flip” strategy to buy your first fixer-upper or primary residence

DIY vs. hiring it out and the tasks that Elizabeth and Ethan enjoy the most

And So Much More!

(00:00) Intro

(01:24) Why Cheap Old Houses?

(05:16) $150K Houses!?

(07:17) Rehabbing New vs. Old Houses

(19:03) Who Should Do These Rehabs?

(20:11) Best Ways to Get Started

(23:38) DIY vs. Hiring it Out

(27:47) Connect with Ethan and Elizabeth!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-954

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

953: Is the 1% Rule Dead? + Why Building (NOT Buying) Could Make You More May 14, 2024

Could building houses make you more money than buying existing ones? When should someone use the 1% rule in real estate, and when does this metric point to a cash flow disaster? What’s the best way to get more capital or funding for future real estate deals: get a HELOC on your primary residence or look for investor-only DSCR loans? We’re pulling some of the top questions from the BiggerPockets Forums and giving our answers on today’s show!

Expert investors Dave Meyer, James Dainard, and Kathy Fettke from the BiggerPockets On the Marketpodcast are on today to answer YOUR real estate investing questions. First, we return to the age-old debate, “Does the 1% rule exist anymore?” With high home prices and lagging rent growth, this once foolproof metric could be an outdated calculation inexperienced real estate investors should avoid. Next, can you make more money building houses than flipping houses?

Are turnkey rentals the best “low headache” real estate investment? We’ll answer that and give our thoughts on when to use a HELOC (home equity line of credit) vs. a DSCR loan (debt service coverage ratio). Finally, for our out-of-state investors, we share the top metrics to look at BEFORE you invest in a new market.

Want to ask a real estate investing question? Post yours in the BiggerPockets Forums, and we might select it for our next show!

In This Episode We Cover

The 1% rule explained and when you should (and definitely shouldn’t) use it to decide on deals

Building new construction vs. flipping houses, plus which could make you more in 2024

Turnkey real estate investing and whether the lost value-add potential is worth the passive income

HELOCs (home equity lines of credit) vs. DSCR (debt service coverage ratio) loans

Best tools to use and metrics to track when looking into out-of-state investing markets

And So Much More!

(00:00) Intro

(00:46) Is the 1% Rule Dead?

(08:24) Building vs. Flipping Houses

(14:30) Are Turnkey Rentals Worth It?

(20:56) HELOCs vs. DSCR Loans

(25:07) Local Market Metrics to Track

(30:46) Ask Us Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-953

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

952: From Broke College Graduate to Financial Freedom While Living Abroad w/Dave Meyer May 13, 2024

You don’t have to race to financial independence to get there. Dave Meyer, VP of Market Intelligence at BiggerPockets, took his time building up passive income, and years later, it’s what has allowed him to amass impressive wealth all while living abroad, working where he wants, and securing a very stable retirement. But Dave wasn’t always some housing market genius who knew every statistic and metric about real estate investing. He started as a broke college student with no job prospects, struggling to pay his own rent.

After graduating college during one of the worst recessions America had ever experienced, Dave was waiting tables to keep the lights on. He realized that he needed a different way to get ahead, and just getting a job wasn’t going to be enough. So, even with no money, Dave convinced a few friends to buy a house together while he borrowed money for his share of the down payment. Dave managed the property, took the tenant phone calls, and did what he had to do to learn the real estate ropes. And…it worked!

Now, a decade and a half later, Dave has an entire real estate portfolio of long-term and short-term rentals and passive income streams from syndication investments, but this all started with one small deal he took a chance on. Today, Dave shares every part of his story, from finding the first deal to moving abroad, pausing buying rentals, and why he’s getting BACK in the game now and doing deals again!

In This Episode We Cover

How to invest in real estate even if you’re starting from zero with NO money

The power of house hacking and how this strategy can explode your real estate portfolio

Optimizing your portfolio and how to systematize your rentals so YOU don’t do all the work

Investing during a housing crash and why most Americans were running from rental properties

Passive investing through real estate syndications and the pros and cons of putting your money in one

Why Dave is finally getting back into the rental property game after years on the sidelines

And So Much More!

(00:00) Intro

(01:08) First Rental with NO Money

(12:25) Optimizing His Portfolio

(18:30) Investing During the Crash

(19:46) Moving Abroad

(21:45) Passive vs. Active Investments

(30:59) Dave’s Current Portfolio

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-952

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

951: BiggerNews: Why Low Mortgage Rates Can't Solve Our Affordability Crisis w/Andy Walden May 10, 2024

Housing prices won’t budge, but there could be some relief on the horizon for homebuyers. As America’s affordability crisis continues to strain consumers, one of the most considerable costs, housing, is much to blame. Rising mortgage rates are making monthly payments significantly more expensive than just a few years prior, but how long can this last? According to the Vice President of Enterprise Research Strategy at ICE, Andy Walden, not much longer.

Every month, Andy’s team at ICE releases their Mortgage Monitor data reports, sharing valuable insights on what’s happening in the housing market. On this BiggerNews, we’re asking Andy to share what the data is telling him about home prices, mortgage rates, housing inventory, and buyer demand but, even more importantly, where we could be headed in 2024 and whether or not this hot housing market still has room to run.

While there has been huge home price growth over the last few years, Andy reckons prices could begin to “soften” as affordability reaches its breaking point. With demand retreating from the market and housing inventory still on the rise, prices may start to decline, and even if interest rates do fall again, we may not see the uptick in demand many home sellers are waiting for. Stick around as we unpack exactly what’s moving the housing market with ICE’s Andy Walden!

Support today’s show sponsor, Rent App: the free and easy way to collect rent!

In This Episode We Cover

Why home prices may begin to “soften” in 2024 and what’s causing demand to fall

How to predict housing market trends and the key metrics that indicate potential price movement

The “lock-in” effect that’s causing homeowners to hold on to their properties

Why inventory is quickly rising across much of America, EVEN with sky-high rates

The ongoing affordability crisis and the dramatic changes that could solve it

Record home equity and why American homeowners may be richer than ever

And So Much More!

(00:00) Intro

(01:37) Home Prices Hit New Highs

(06:08) How to Predict Market Trends

(09:53) Will Prices Soften?

(11:37) Why is Inventory Rising?

(19:09) Rate Cuts Won’t Solve This

(27:15) The Cure for Low Affordability

(29:15) Home Equity Breaks Record

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-951

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

950: The Easiest Way to Invest in Real Estate in 2024 w/Terrence Terrell May 08, 2024

There’s one way to invest in real estate that’s cheaper, easier, and more efficient than almost any other strategy. It allows you to get the best mortgage rates with the lowest down payments and buy properties in the best areas. And you can do it every single year until you grow a massive real estate portfolio. Real estate millionaires have been made using this strategy, but most Americans have no idea about it. What’s the wealth-building secret that savvy investors are taking advantage of? Of course, it’s house hacking.

If you’ve never heard of house hacking before, the concept is simple: You buy a single-family home or a small multifamily property and rent out the space you’re not using. This not only allows you access to the best mortgages but also keeps your mortgage cost lower than living on your own. This strategy is so good that expert investor Dave Meyer and today’s lender guest, Terrence Terrell, have used it repeatedly to build serious wealth.

If you’re a first-time homebuyer or have a home but want to get into rental property investing, this is THE strategy to try first. Terrence gives a beginner-friendly masterclass on house hacking, showcasing the huge benefits of house hacking’s low-money-down loans, what you need to have to qualify for a mortgage, the common misconceptions most people get wrong about house hacking, and how to use this strategy to build wealth fast.

In This Episode We Cover

House hacking explained and why it’s the easiest beginner real estate investing strategy

How to buy your first investment property with as little as ONE percent down

Qualifying for a mortgage and what first-time homebuyers must know before they apply

The free way to find out whether or not you’ll be able to get financing for your house hack

The easy, low-money-down way to build a real estate portfolio by house hacking

And So Much More!

(00:00) Intro

(01:26) What is House Hacking?

(03:16) Put Just 1% Down!

(07:50) Who Should House Hack?

(09:28) It's Not as Hard As You Think

(11:55) What Homebuyers Need to Know

(14:51) Qualifying for a Mortgage

(18:43) Advice for First-Time House Hackers

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-950

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

949: Seeing Greene: Is Losing $800/Month in Cash Flow Worth $200K+ Equity? May 07, 2024

Would you buy a rental property that loses money every month? What if, in a few years, that one property could make you hundreds of thousands of dollars? Would the negative cash flow be worth the massive appreciation upside? Today, we’re answering that exact question from an investor who could be sitting on a wealth-building opportunity but doesn’t know what decision to make. Should he buy the "bleeding" property at a steep discount or give up this needle in the housing market haystack to avoid a cash flow trap? Let’s find out!

We’re back on Seeing Greene as David and Rob, your go-to real estate investing experts, answer questions directly fromBiggerPockets Real Estate listeners like you! First, an investor has a rare opportunity to buy “Grandma’s house” with over $200K+ in potential equity upside. The problem? It will LOSE $800/month! Next, a new property manager wants to know how to raise rents on a twenty-year tenant. Do you pay capital gains on the profit of your home sale or the entire amount? We’ll show you how to know how much you owe. Then, an investor debates selling his C-class cash-flowing properties in exchange for appreciating assets, and we explain the “sneaky rental” tactic that’ll take you to ten rental properties in no time!

In This Episode We Cover

Negative cash flow and one of the ONLY times it makes sense to buy a “bleeding” rental

How to raise rents (the right way) on a long-term tenant

Capital gains tax explained and how much YOU could owe on your next home sale

Whether to trade cash flow for appreciation and selling your rentals that don’t have room to grow

The “sneaky” rental tactic that allows you to scale a real estate portfolio FAST

And So Much More!

(00:00) Intro

(01:23) Losing $800/Month to Make $200K?

(11:59) Raising Rents On 20-Year Tenant

(21:28) Comment Section & Capital Gains 101

(25:47) Trade Cash Flow Portfolio for Appreciation?

(33:05) The "Sneaky Rental" Tactic

(38:20) Ask Us Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-949

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

948: 10 Rentals in 5 Years by Buying in Overlooked Short-Term Rental Markets w/Jarrod Tucker and Yiwei Cheng May 06, 2024

When you think about short-term rental and Airbnb markets, what comes to mind? Joshua Tree, the Smoky Mountains, maybe Destin? We all know about the famous short-term rental markets, but what about the not-so-famous ones? You know, the unsexy markets where you book an Airbnb for a conference or when you’re going to see extended family? That’s right; we’re talking about everyday American markets like Cincinnati, Ohio. But surprisingly, these markets make some of the best investments for short-term rental investors like Jarrod Tucker and Yiwei Cheng.

Jarrod and Yiwei moved to Cincinnati for work shortly after catching the real estate investing bug. They knew they wanted to invest in real estate, but long-term rentals only came with measly cash flow that would never support their passive income goals. So, what’s the next best option? Short-term rentals! Unfortunately, Cincinnati isn’t known as a popular vacation getaway, but it didn’t have to be to support Jarrod and Yiwei’s cash flow dreams!

Now, five years after the start of their investing journey, they have ten rentals of their own and manage a couple dozen more for other investors. The question is, how do you make money with short-term rentals in an unsexy market? Jarrod and Yiwei walk through their tips for finding the right properties, keeping occupancy rates high, buying real estate when your DTI (debt-to-income) gets maxed out, and why you MUST separate yourself from the basic short-term rentals to reach your financial goals.

In This Episode We Cover

The three types of short-term rental guests who consistently come to markets like Cincinnati

How to set your Airbnb apart if you’re in a saturated short-term rental market

Tips for higher occupancy and what you MUST have to get more bookings

Scaling your real estate portfolio when you have high DTI (debt-to-income)

Using partnerships to buy even more properties when you’re low on cash

Why you DON’T need to invest in high-priced, popular vacation destinations

And So Much More!

(00:00) Intro

(01:36) The Accidental Airbnb Host

(08:07) Short-Term Rentals in…Cincinnati?

(13:37) Are Short-Term Rentals Saturated?

(19:46) Tips for Higher Occupancy

(22:31) Scaling with High DTI (Debt-to-Income)

(32:24) Advice for New Investors

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-948

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

947: 2024 Deals We’re Doing with High Cash Flow and Rock-Bottom Rates (4.75%!) May 03, 2024

Want a low mortgage rate? We mean a really low rate—like 4.75% in 2024 low. What about half a million in profit on a sneaky development deal? Or, maybe you’d settle for a quick house flip that pockets you $55,000 on a bad day. These aren’t made-up numbers; these are REAL deals that our expert investing panel is doing in today’s hot, hot housing market. And if you know where to find deals and steals like these, you, too, could be taking home huge profits like they are! Thankfully, they’re sharing all their secrets on today’s episode!

David and Rob are taking some time off to play pickleball, while Dave Meyer and the entire On the Market podcast panel join us today! In this show, we’re talking about the real estate deals getting done in 2024. Each expert brings in a deal they’ve recently done and showcases how they found it, what they bought it for, how much cash flow or profit they’re going to make, and advice to help YOU repeat these home-run real estate deals.

First, Dave will share about a cash-flowing on-market rental property he bought (while abroad!) thanks to his inventor-friendly agent. Kathy Fettke gives tips on getting a low mortgage rate on your next new construction rental and how doing so could massively boost your cash flow. Henry Washington walks through a quick flip that will make him $55,000 on the low end and the ingenious way he found this deal. And finally, James Dainard talks about the almost unbelievably good development deal he’s doing in Seattle that will profit $500,000 (yes, that’s half a million!).

In This Episode We Cover:

How to score a mortgage rate in the four-percent range by buying new construction rentals

The three big housing market challenges of 2024 and how investors can overcome them

How to find cash-flowing, on-market rental properties by investing out-of-state

One of the smartest ways to find off-market real estate deals for flipping or holding

The one contract clause that is helping James make $500K+ on his new development deal

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

On the “On the Market” Podcast

Investing in Real Estate Out of State: What You Need To Know

4 Vital Points to Consider BEFORE Getting Into New Construction

Flipping Houses: How to Get Started and Everything You Should Know

What Exactly Is an Accessory Dwelling Unit (DADU/ADU)

(00:00) Intro

(01:19) Investing Challenges of 2024

(08:17) 1. Cash-Flowing On-Market Rental

(14:41) 2. New Construction with a 4.75% Rate!

(20:44) 3. $55K House Flip Profit!

(26:11) 4. Making $500K with DADUs!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-947

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

946: How to Supplement Your Income with Real Estate (So You Can Do What You Love) w/Juliet Lalouel May 01, 2024

Why are rock stars turning to real estate side hustles to pay their bills? During the lockdowns, many musicians, gig workers, and creatives saw their income streams dwindle. There were no shows to play, no tours to attend, festivals were canceled, and human-to-human contact was limited as much as possible. As a result, famous musicians began to become real estate agents, mortgage brokers, investors, house hackers, and everything in between to pay their bills. And guess what—it worked!

Now, touring is back on, but those whose job is pursuing their passions still need extra income to take care of their bills during slow seasons or to build wealth. That’s where Juliet Lalouel from Heavy Realty comes in. Juliet is a Colorado and Hawaii-based investor and real estate agent who helps the music and creative communities find ways to fast-track their financial freedom to keep doing what they love. But her message doesn’t just apply to musicians. Anyone who loves what they do but wants more financial stability can take these lessons to heart.

Today, we’re talking about how anyone from any background can use real estate to supplement their income, pay their bills, and help them build wealth. Juliet shares why you may make a great real estate investor/professional without even knowing it and the beginner investments that ANYONE can try to start building a strong financial fortress, even if you’re a real estate enthusiast by day and a rock star by night.

In This Episode We Cover

Real estate side hustles that’ll help you make extra income no matter your experience

Why musicians and creatives make GREAT real estate investors

The best ways to start making money with real estate and how to find your perfect role

Beginner investments for anyone to start building wealth today

Financing your first investment property, even if you DON’T have a W2

Why real estate is the ultimate side income stream to support your dreams

And So Much More!

(00:00) Intro

(01:36) Anyone Can Invest

(05:07) Why Musicians Make Great Investors

(07:53) The Best Way to Get Started

(13:40) Beginner Investments

(17:57) Financing Your 1st Property

(20:52) Do Your Passion Full-Time

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-946

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

945: Seeing Greene: Stolen Properties and Why Your Rate Doesn't (Really) Matter Apr 30, 2024

There’s a silent threat out there that most real estate investors have no idea about. It’s a threat that could take away all your cash flow, ruin your real estate portfolio, and put you right back to square one after years of work. And even the most seasoned investors aren’t immune to this threat—our own David Greene almost got caught in this trap and had to act quickly to escape. What’s the danger we’re discussing, and how do you ensure YOU don’t lose everything? We’re about to tell you!

We’re back on another Seeing Greene as David and Rob take your real estate investing questions and give up-to-date advice on what they’d do in your situation. First, a real estate investor sees his cash flow disappear due to rising operating expenses—should he sell the property or keep a low/no cash-flowing deal? Then, we talk about the silent threat targeting real estate investors—title fraud. An investor wants to know if a low mortgage rate on a subject to deal warrants a higher price, and Rob and David debate whether investing in expensive markets is worth the cost.

In This Episode We Cover:

Title fraud explained and how silent thieves can steal your real estate portfolio without you even knowing it

Whether to keep, sell, or 1031 exchange a rental property that won’t cash flow

The real value of a low interest rate and why many investors get this wrong

Warning signs that your properties are being stolen out from under you

Investing in expensive markets and why we would/wouldn’t invest in states like Hawaii

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

This “CARFAX for Properties” Could Change EVERYTHING About Investing

Ponzi Schemes, Property Fraud, and How to NOT Fall for a Real Estate Scam

Cash Flow For Rental Properties: What is Average or Good?

Get Short-Term Rental Comps with AirDNA

(00:00) Intro

(01:25) My Cash Flow Disappeared!

(08:05) The Biggest Threat to Your Portfolio?

(15:03) Comment Section Callout!

(19:06) Would We Invest in Hawaii?

(28:15) Ask Us Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-945

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

944: 3 Ways We Find Real Estate Deals Even During the Harshest Housing Markets Apr 29, 2024

It seems like everyone is wondering how to find real estate deals in today’s supply-constrained market. With housing inventory still hovering around historical lows, finding a cash-flowing, appreciating rental property isn’t as easy as before. But maybe that’s just because most people don’t know where to look for these properties. In reality, there are steals and deals all around us, and if our hosts can take down home-run real estate deals in this housing market, what’s stopping you from doing it, too?

So today, David Greene and Dave Meyer are giving you three ways to find your next real estate deal using both on AND off-market investing tactics. The majority of Americans ignore these tactics, and only serious or savvy investors will follow through on them. Once you know where to find these deals, the deal flow doesn’t stop. If you can master any of these three tactics, you’ll have a source of profitable investment properties streaming to you for years to come.

First, we’ll show you how to find off-market deals and a few strategies you can use to locate and engage with motivated sellers. Next, we’re sharing the exact networking play to get real estate deals sent straight to you. And if you think on-market (MLS) deals are dead, you couldn’t be more wrong. David shares how he picked up an on-market luxury vacation rental for a surprisingly low price, all because he knew where to look!

Looking for cash-flowing short and medium-term rental properties in the best investing markets in America? Visit Rent to Retirement or text “REI” to 33777!

In This Episode We Cover:

The three “buckets” for finding your first or next real estate deal in 2024

“Off-market real estate” explained and why most people get it wrong

How Dave was able to find off-market deals just by…riding his bike?

The people you MUST connect with if you want real estate deals sent to you consistently

The overlooked on-market properties that ANY investor can find with huge price-cut potential

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

David' BiggerPockets

How to Find a Deal When Inventory Is Low

30 Ways Find Good Real Estate Deals In 2024

(00:00) Intro

(01:25) 1. Discounted Off-Market Deals

(09:56) 2. Talk to These People

(16:43) 3. Overlooked MLS Properties

(25:50) Find Your Next Deal!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-944

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

943: BiggerNews: Can’t Qualify for Another Mortgage? Try THESE Investor Loans w/Jeff Welgan Apr 26, 2024

Want to scale your real estate portfolio faster? These investment property loans can help. Most real estate investors get stuck early on in their journey. They buy some properties and build up some comfortable cash flow, but then…they can’t qualify for another loan. They’ve either reached the maximum limit on conventional mortgages OR don’t have enough income to qualify for bigger and better investments. So what do they do? Give up? Settle with a small rental portfolio? No, they use THESE investment property loans instead.

Jeff Welgan, our investor-friendly lender expert, is back to show us what we’ve been missing. From DSCR (debt service coverage ratio) loans that help you scale to more doors, to no-income-necessary investor loans that don’t look at your income, to business bank statement loans that’ll let you buy homes based on your business’s cash flow, these mortgages can help anyone in any position, purchase real estate faster.

If your DTI (debt-to-income) ratio is too high and you’re struggling to qualify for another mortgage, this is THE episode for you. We’ll discuss using your property’s rent to qualify for more, loans that get around DTI requirements, using your business to fund your deals, and the mortgages you should look into FIRST before you move on to more complex loan products. Stick around if you’re ready to scale faster!

Thank you to our sponsor, Rent App: the free and easy way to collect rent.

In This Episode We Cover

Why you cannot overlook rehabbing older homes and outdated properties

The two things that tell Lisa an older home ISN’T worth investing in

Why termites, foundation problems, and outdated electrical systems aren’t as bad as you think

The huge mistake Lisa made that ruined a $100K+ rehab project and how to avoid the same fate

Tenant retention 101 and best ways to ensure your vacancy rate is low and your cash flow is high

DealMachine’s five ways to find motivated sellers in any market

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

Find an Investor-Friendly Tax Pro Today

Real Estate Podcast 939 - BiggerNews: 100% Financing for First-Time Home Buyers is HERE w/Jeff Welgan

What Is Debt to Income Ratio? (DTI)

DSCR Loans: What Are They And How To Get The Best Terms

Connect with Jeff:

Jeff's Instagram

Jeff's LinkedIn

Jeff's Website

(00:00) Intro

(03:20) What is DTI?

(07:03) Use Rent to Qualify!

(09:32) How to Qualify for More

(13:30) Investment Loans You’ve Never Heard of

(21:48) No Income to Qualify?

(26:04) Which Loan to Choose?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-943

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

942: Building Wealth with OLD Homes and How to Keep Tenants for Longer w/Lisa Field Moore Apr 24, 2024

How do you find investment properties nobody else is looking for—the ones with cash flow potential, equity upside, and wealth-building qualities all the other investors overlook? Simple: buy what nobody else wants. For Lisa Field Moore, that’s old homes. Most rookie investors walk into an old house, notice the foundation problems, warped floors, and outdated electricals, and quickly see themselves out. But Lisa sees money to be made—and you should too.

In this episode, Lisa shares how she’s built a sizable real estate portfolio by buying old, overlooked, and outdated homes, all in the past four years! But these are treacherous waters, and getting a major rehab item wrong could cost you a deal. To help, Lisa breaks down what isn’t (and definitely is) a red flag when looking at old homes, how she lost serious money making one easy mistake, and how to avoid doing a bad deal ever again. Plus, she shares her tips for rock-solid tenant retention that’ll keep your rental properties filled for years (or even decades!).

Want to know how to find these older homes with wealth-building potential? Stick around because DealMachine gives us a bonus segment on the five ways to find a motivated seller in ANY market!

In This Episode We Cover:

Why you cannot overlook rehabbing older homes and outdated properties

The two things that tell Lisa an older home ISN’T worth investing in

Why termites, foundation problems, and outdated electrical systems aren’t as bad as you think

The huge mistake Lisa made that ruined a $100K+ rehab project and how to avoid the same fate

Tenant retention 101 and best ways to ensure your vacancy rate is low and your cash flow is high

DealMachine’s five ways to find motivated sellers in any market

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

8 Things to Look for When Rehabbing Older Homes

Pros and Cons of Old vs. New Rentals

Connect with Lisa:

Lisa's BiggerPockets Profile

(00:00) Intro

(01:31) Investing in OLD Houses

(05:22) Signs of a Solid Property

(10:18) $100K Rehab Gone WRONG

(16:06) How to Avoid Bad Deals

(19:42) When to Hold and When to Sell

(23:54) Tenant Retention 101

(34:27) 5 Ways to Find Motivated Sellers

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-942

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

941: Seeing Greene: Are Home Warranties Worth It & When to Pay Off Debt vs. Invest? Apr 23, 2024

Should you pay off debt or invest? Many online financial gurus would tell you in a heartbeat that paying off debt is the number one priority…but is that always true? What if there was a way to pay off debt WHILE investing, so you could lower your liabilities AND build wealth in the background? And what if you could do that even if you were hundreds of thousands of dollars in debt? If this sounds like your situation, this Seeing Greene is for you!

David and Rob are back, answering your real estate questions so YOU can build wealth faster, reach financial freedom, and live the life you love. Our first question comes from a concerned rental property owner wondering why his property management company can’t do something seemingly simple. Then, a nationwide investor asks, “Are home warranties ever worth it?” A medical student with massive student loans asks how to start investing while in debt, and an aspiring investor asks how to turn his inherited rental property into a big portfolio. Will robots cause the downfall of real estate, and when is it the right time to add a bedroom to your rental? All that and more are coming up in this episode!

In This Episode We Cover:

Should you invest or pay down debt? We have a strategy for doing BOTH!

What to do when your property management company ISN’T doing what you want

Home warranties 101: an appliance saver or a complete waste of money?

How to turn one rental property into an entire portfolio using HELOCs and cash-out refinances

Whether or not construction “robots” will cause home prices to plunge

When (and when NOT) to add bedrooms or extra space to your rental property

And So Much More!

Links from the Show

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Seeing Greene: Rehab Costs, Renting vs. Owning, and The END of Real Estate?

Should I Pay Off My Student Loan or Invest in Real Estate?

Complete Guide to Home Warranties

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-941

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

940: Crucial Questions to Ask an Agent and How to Negotiate Commissions w/James Dainard Apr 22, 2024

Everyone knows how to find a real estate agent. But an investor-friendly agent—one who will find deals for you, run the numbers, hook you up with contractors, and help you get funding—isn’t the same as your neighborhood agent down the street. These agents have connections that can help skyrocket a new real estate investor’s portfolio and bring them deals that no one else knows about. So, how do you find these diamond-in-the-rough real estate agents? You need to ask THESE questions.

To help you vet your future investor-friendly real estate agent is James Dainard. James is a flipper, wholesaler, broker, investor, and lender in the Seattle, Washington, area. He’s been buying and selling houses for two decades and does more deals in one month than most investors do in years! He’s here to guide any investor through finding an investor-friendly agent, the crucial questions you MUST ask at the start, his number one tip for finding the best agents in an area, and how agents can set themselves apart from the competition.

But that’s not all. With the latest agent commission lawsuits, more buyers are aware that commissions are negotiable. So, whether you’re looking to get a steal on your next deal or want a first-class buying and selling experience, James walks through how you may now be able to negotiate what commission you want to give an agent, depending on what matters most to you.

In This Episode We Cover:

The best place to find a real estate agent (for investors!)

Questions you MUST ask any “investor-friendly” agent BEFORE you use them

The services that expert-level agents provide that’ll help you build wealth faster

Negotiating agent commissions and how the recent NAR lawsuit could change the agent landscape

How to make sure that your agent knows what they’re talking about when they bring you deals

And So Much More!

Links from the Show

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

5 Ways to Find an Investor-Friendly Real Estate Agent

Connect with James:

Thank you to our sponsor, Rent App: the free and easy way to collect rent.

Broker Website

James' YouTube

(00:00) Intro

(00:52) Regular vs. Investor-Friendly Agents

(04:21) Services to Look For

(08:47) How to Find the Right Agent

(13:50) #1 Tip to Try

(17:04) Questions to Ask Your Agent

(19:36) Elite Agents Have This

(25:22) Negotiating Commissions

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-940

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

939: BiggerNews: 100% Financing for First-Time Home Buyers is HERE w/Jeff Welgan Apr 19, 2024

If you’re a first-time home buyer, now may be one of the best times to get a loan in recent history, according to mortgage advisor Jeff Welgan. With new no-money-down mortgages coming out specifically to help first-time home buyers finally get into a property, you can now buy a house for no money out of pocket, with your entire purchase price and closing costs covered. These 100% financeable loans aren’t a secret, so why don’t most first-time home buyers know about them?

In this BiggerNews, we’re diving deep into the best first-time home buyer loans available in 2024, how to pick up your first property for NO MONEY out of pocket, and low-money-down multifamily deals any brand new investor can start buying today. With affordability at nearly forty-year lows, most Americans struggle to save up a down payment, even if they have enough income to qualify for a home loan. This is where 100% financeable loans come in, making it easier than ever to buy your first home.

So, who can get approved for these first-time home buyer mortgages, where do you find them, and how do they work? Jeff goes through these programs on the federal and state levels, showing first-time home buyers where to find them, which loans to avoid, and whether or not they can use these loans to buy their next property.

In This Episode We Cover:

How to get 100% financing on your first property (no money down!)

Who qualifies for these first-time home buyer loans, and which properties require a down payment

The problem with FHA loans and where you should/shouldn’t use them

Rate buydowns and why this once valuable tool is no longer being used

How to invest in small multifamily with VERY little money down

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

Grab the “First-Time Home Buyer” Book from BiggerPockets

Connect with Jeff:

Jeff's Instagram

Jeff's LinkedIn

Jeff's Website

(00:00) Intro

(01:12) 100% Financing For Your FIRST Home?

(06:28) How These Loans Work

(11:40) The Problem with FHA Loans?

(14:35) Getting a Lower Mortgage Rate

(25:30) Low Money Down Multifamily Investing

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-939

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

938: Scaling from 0 to 20+ Doors Using These "Self-Management" Tools & Tips w/Amelia McGee and Grace Gudenkauf Apr 17, 2024

If there’s one thing that’ll make or break your real estate portfolio, it’s property management. When done correctly, property management can feed you consistent, passive income without the everyday stressors of being a landlord. Whenever you hear people talking about bad tenants, midnight phone calls, or surprise maintenance problems, they’re really talking about property management gone wrong. So, how does a rookie real estate investor, with even just one rental property, start managing the right way so they can scale their portfolio faster?

Amelia McGee and Grace Gudenkauf, authors of The Self-Managing Landlord, did it all wrong initially. They were picking up every tenant phone call, placing every service request, taking rent payments every which way, and here’s the thing—none of it was working. As they scaled their portfolios, things only got more difficult until finally, one day, they stopped and developed a system, and like that, their businesses took off.

Now, only a few years into real estate investing, both Amelia and Grace have dozens of rental units to their names and less stress than ever before. How did they do it all WITHOUT hiring everything out to a property manager? In today’s show, they’ll share the self-managing principles they used to explode their rental portfolios while staying sane! And if you’re a new investor or are about to be one, these tips could save you YEARS of headaches!

In This Episode We Cover:

Why EVERY real estate investor should be self-managing when building their portfolio

How to start building your property management “system” that’ll save you HOURS a week

What brand new investors NEED to start doing once they have their first property

Three apps/software that every real estate investor should have

Tenant selection 101 and simple mistakes that could cost you months of rent

How to know it's time to start outsourcing and signs you need some help

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

Rookie Podcast 111 - 26 Doors in 1 Year? Here’s How You Can Do It Too! w/Amelia McGee

Rookie Podcast 161 - Using Calculated Risk to Acquire 17 Doors In Under a Year (at Age 24!) w/ Grace Gudenkauf

Self-Management vs. Property Management Company: What’s Right for You?

Book Mentioned in the Show

The Self-Managing Landordby Amelia McGee & Grace Gudenkauf

Connect with Grace & Amelia:

Amelia's Instagram

Grace's Instagram

Amelia and Grace's Website

(00:00) Intro

(01:48) EVERYONE Should Self-Manage

(04:06) How Bad Management Burns YOU

(09:31) Start Doing This NOW

(14:08) Tips for Your First Rental Property

(19:26) 3 Apps/Software You Need

(22:44) Tenant Selection and Screening

(26:56) Outsourcing vs. DIY

(32:21) When to Hire it Out

(36:11) Grab the Book!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-938

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

937: Seeing Greene: Paying Off Rentals, Estimating Crime, & Replacing Your Salary Apr 16, 2024

Should I pay off my rental property or reinvest? How do I replace my six-figure salary with cash flow from real estate investing? And what’s the best way to analyze crime BEFORE I invest in an area? You asked, and we’re here to answer on this episode of Seeing Greene as we take questions from rookie real estate investors, veterans in the rental property game, and everyone in between. If you want to scale your portfolio faster or quit your job with real estate, this is the place to be!

First, we take a question from a high-earner asking whether they should pay off their rental properties OR use their extra money to build a bigger portfolio faster. A fledgling house hacker wants to know the best way to analyze an investing area for crime now that many online listing websites have taken down this data. A business owner is struggling to find real estate write-offs and asks for help, and a rental property investor needs to know which commercial real estate investment boasts the biggest cash flow. Finally, an anonymous question comes in from a techie who’s about to lose their job. How can they replace their six-figure income with rental properties fast?

In This Episode We Cover:

Whether to pay off your mortgages early or reinvest to build a bigger portfolio

Replacing your salary with real estate income and why you may want to get a job instead

How to analyze an investment area for crime with limited online data

The short-term rental tax loophole that could save you a TON on taxes

Will an ADU (accessory dwelling unit) add value to your property on an appraisal?

Cash-flowing commercial real estate investments and why top investors pay attention to something else

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 Other Investors Their Takes on a Neighborhood

Rookie Podcast 368 - Pay Less Tax to the IRS This Year With THESE Real Estate Tax Strategies w/Natalie Kolodij

Real Estate Podcast 823 - The Tax-Free Strategy Only Real Estate Investors Can Access

Real Estate Podcast 919 - How to Use Real Estate to Quit the 9-5 Grind

Get a Short-Term Rental Cost Segregation

Books Mentioned in the Show

Pillars of Wealth by David Greene

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-937

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

936: 4 Ways to Start Investing in Real Estate with NO or LOW Money Apr 15, 2024

Want to know how to invest in real estate with NO money down? Or, maybe you’ve got a bit of cash in the bank and think now is the time to get into the real estate investing game. No matter where you’re at or how much money you have, we’re bringing you four ways to invest in real estate with no money AND low money in 2024. Does it sound too good to be true? Thankfully, this is just how real estate works and our expert investor hosts can back up the facts—these methods CAN be done with little or no money down.

Some of these strategies will get you in the game, making cash flow every month, EVEN without owning a rental property. Others will allow you to put very little money down to buy your first house, but you must be willing to follow a few rules. We’ll also get into the short-term rental side hustle that has landlords pay YOU for managing their property and exactly how Rob scored a three percent interest rate (in TODAY’s market) while putting very little money down on a property.

Don’t let money stop you from starting your investing journey! Combine a few of these strategies, and you could have a cash-flowing rental property portfolio in just a few years’ time!

In This Episode We Cover:

How to start a real estate business without owning a single property!

The exact method Rob used to score a three percent interest rate in 2024

How to buy one house every year using these low-money-down loans

Real estate partnerships 101 and how to invest using other people’s money

The property management side hustle for short-term rentals that could help you save up a down payment

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

Network and Learn from Other Investors on The BiggerPockets Forums

Grab “The Book on Investing in Real Estate with No (and Low) Money Down”

How to Buy a Rental Property With No Money: 10 Strategies for Real Estate Investors

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-936

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

935: BiggerNews: Investing with High Rates, Stubborn Inflation, & Low Supply w/Kathy Fettke Apr 12, 2024

Mortgage rates are high, supply is low, and inflation just won’t go away. These market conditions make investing in real estate harder than ever…or so most investors think. The truth? This housing market isn’t all that different from years past, and if you know which moves to make, you can get ahead of all the other investors without them noticing. What do we mean? We’ve got a seasoned investor with over thirty years of rental property experience on the show, ready to share how buying during “high” rates can be a huge advantage.

But that’s not all we’re getting into on this BiggerNews episode. We’ve got questions directly from BiggerPockets listeners that we’re throwing at expert investor Kathy Fettke to see what time-tested advice she’d give. First, a listener wants to know why mortgage rates aren’t falling and how to get into the real estate investing game during a time like this. Then, we discuss how investors can save themselves against inflation. With a spike in part-time work, could the American economy be showing signs of weakness? Finally, we answer the question everyone has on their minds: Is it the darn millennials’ fault for causing these high home prices?

Want to ask a question for a future BiggerNews episode? Post your question in the BiggerPockets forums and get answers from a community of over 2,000,000 real estate investors!

In This Episode We Cover:

Mortgage rates explained and why interest rates are staying so high

Sneaky ways to snag a LOW interest rate in 2024 (Kathy got 4.75%!)

The best hedge against inflation and how to protect the money you have

Rising part-time work and whether or not this is a recession warning sign

Did millennials cause this unaffordable housing market?

And So Much More!

Links from the Show

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

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

BiggerNews, September: Will Anything Slow Down this Housing Market? with Dave Meyer & Kathy Fettke

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-935

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

934: How to Pay Less Taxes by Buying Real Estate (1 Write-Off You’re Overlooking) w/Brandon Hall Apr 11, 2024

With so many real estate tax write-offs, it’s no wonder that CPA Brandon Hall says rental real estate is one of the most tax-advantaged assets on the planet. But, even with so much free-flowing information on how to pay less to Uncle Sam, most real estate investors are missing out on a MASSIVE tax deduction that could be saving them thousands, if not tens of thousands, on their tax bill. What’s the write-off that even our host, Dave Meyer, didn’t know about? Stick around, or walk away from a HUGE tax savings.

Brandon Hall is a real estate investor-focused CPA. He knows the deductions, write-offs, and audit red flags that could be helping or hurting you. Today, he’s walking through whether or not you need a tax professional (a LOT of people DON’T), why you need to start tax planning BEFORE you buy your first property, the biggest real estate tax write-off that most people miss, and why you should WAIT to file your taxes to see if a MASSIVE real estate tax benefit is making a much-awaited comeback.

Need a tax professional to help you make the right tax moves? Find one for FREE with BiggerPockets Tax Finder.

In This Episode We Cover:

The big real estate write-off that most investors are completely overlooking

Why you should WAIT to file your taxes in case this MASSIVE tax benefit returns

Who should (and definitely shouldn’t) be doing their own taxes

Scaling your portfolio? Why you MUST start strategically planning your taxes now

The biggest audit red flags that are NOT worth the deduction (watch out for these!)

A bonus depreciation update and how this could save you hundreds of thousands

And So Much More!

Links from the Show

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear Dave On the “On the Market” Podcast

100% Bonus Depreciation Coming Back? (Do NOT File…Yet) w/Brandon Hall

The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of w/Brandon Hall

Connect with Brandon

Brandon's LinkedIn

Brandon's Website

Brandon's X/Twitter

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-934

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

933: Designing for Dollars: 7 Design Tips That Could Double Your Airbnb Revenue w/Erica Dike Apr 10, 2024

If you follow these Airbnb design tips, you could double your nightly rates almost instantly. Don’t believe us? Erica Dike, a short-term rental design expert, has done it before and is sharing her “designing for dollars” formula ANYONE can use to boost nightly rates, double revenue, or increase their bookings. Erica, like many of us, has seen the standard Airbnb designs. You know what we’re talking about—the sterile walls and lack of color, or the obscurely small dining room table for a cabin that’s supposed to sleep ten. Erica’s designs go far beyond what most guests expect, and that’s why she’s been so successful.

Erica gives us the three steps to her “designing for dollars” formula, plus seven tips that ANY Airbnb, medium-term, or long-term rental investor can use to attract their target guest/renter and start making more money than ever before. Plus, if you’re a host with a lackluster short-term rental and are looking for some quick design ideas to spruce up your space, Erica shows you step-by-step how to refresh your rental for MORE revenue!

No matter what space you’re in—vacation rentals, travel nurse housing, student rentals, or fix-and-flips—these design tips will blow your potential renters and buyers away, leaving you with more money than the house next door. Ready for Erica to “crack the code” on Airbnb design? Let’s get into it!

In This Episode We Cover:

How Erica doubled a client’s Airbnb revenue with smart design strategies

The “designing for dollars” formula that’ll get you more bookings on Airbnb

How to define your “target market” and attract the exact guests you want

The seven steps you can use NOW to get higher rents on your short-term rental

Why long-term rental landlords MUST pay attention to design to attract the best tenants

The first thing to do if you think your Airbnb needs a redesign or refresh

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

Investing in Short-Term Rental Properties: A Beginner’s Guide & How to Get Started

How to Get More Airbnb Bookings This Spring and Summer Break

Connect with Erica:

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-933

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

932: Seeing Greene: When NOT to Build an ADU and How to Invest $300K Apr 09, 2024

How does a HELOC work? Can you use one to start investing in real estate when you’re low on cash? And, if you do decide to go the rental property investing route, how do you ensure you’ll retire a millionaire? If these questions have been keeping you up at night, worry not; David and Rob’s real estate wisdom is about to make those early retirement and financial freedom dreams a reality.

Welcome back to another Seeing Greene. As always, your expert investor co-hosts, David Greene and Rob Abasolo, are here to answer any and every real estate investing question you have. First, we answer, "Is an ADU (accessory dwelling unit) EVER worth building?" With the sky-high construction and labor costs, do these tiny homes make more sense now than ever? Next, we’ll break down how a HELOC (home equity line of credit) works, then David and Rob explain how they’d invest $300K in TODAY’s market and counsel a landlord/broker on how to retire a millionaire with real estate.

In This Episode We Cover:

When (and when NOT) to build an ADU (accessory dwelling unit) on your property

HELOC (home equity line of credit) interest rates explained and when to open one

How David and Rob would invest $300K in today’s housing market

How to use home equity and a SMALL real estate portfolio to retire a millionaire

What to do when your long-term tenant NEVER signed a lease

Portfolio architecture 101 and the huge benefit of paying off your rental properties

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

Listen to Our Sister Podcast, “On the Market”

Forum Post: Buying a property where tenant does not have a lease

Episode 919: How to Use Real Estate to Quit the 9-5 Grind

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-932

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

931: How to Build a Real Estate Portfolio from Scratch in 2024 Apr 08, 2024

If you have just $10,000, you can start investing in real estate THIS YEAR, even with ZERO experience. How are you going to do it? In this episode, we’re breaking down the most beginner-friendly ways to build a real estate portfolio with low savings, a median income, and bills to pay. While this might not be the easiest road to real estate riches, within just a few years, you could be sitting on multiple investment properties IF you make the right moves.

Dave Meyer, David Greene, and Rob Abasolo all started investing without much cash in the bank. They had to budget, save, and build up their finances to get their first rental property in the bag. But, once they started investing, it was hard to stop. Now, they all have financial freedom-enabling real estate portfolios that spit out plenty of monthly cash flow. And they’re here to help you build wealth, too!

Dave, David, and Rob share their favorite ways to start from scratch when investing in real estate, how to best use $10,000 to get in the game, the one beginner investing strategy that EVERYONE should try, and how to use other people’s money to grow your real estate portfolio even faster! So, if you want to make 2024 the year YOU start investing, even if you don’t have a ton saved up, stick around!

In This Episode We Cover:

How to start investing in real estate with just $10,000 and a median-income job

The best beginner real estate investment for those who want to get into the game

How to make money in real estate WITHOUT buying a single property

The unconventional advice that could give you a HUGE pay raise at work

Real estate partnerships 101 and the exact pitch Rob gave his first partners to raise money for a deal

The “sneaky rental” tactic that allows you to scale your real estate portfolio at lightning speed

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

Get Access to Expert Investing Tools with BiggerPockets Pro

Network with Other Investors on the BiggerPockets Forums

Grab Dave’s Book, “Start with Strategy”

Connect with Dave:

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-931

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

930: Agents React to NAR Lawsuit Commission Change Apr 05, 2024

The NAR lawsuit changed the real estate industry overnight. Just like that, buyer’s agents were no longer getting their standard three percent commission, and many investors began imagining what buying and selling homes would be like without realtors. But is this massive NAR settlement as dramatic as the headlines are making it out to be? Is there really an agent exodus on the horizon, or is this just a way for the bad agents to exit the industry quickly? We brought on a panel of top investor-friendly agents to find out.

Joining us are four agents from across the nation: Avery Carl, Craig Curelop, Juliet Lalouel, and Mike Savegnago. All of these agents are affected by the recent NAR lawsuit settlement, but they don’t seem so shaken up. For many of these agents, this lawsuit simply thinned the competition, putting the expert agents back on top while showing the less-than agents the door. Plus, after the recent deals they’ve done, they’re not too concerned about a lack of buyer’s agent fees.

Today, we’re asking each of them their thoughts on the changes to the NAR’s rules, how this will affect buying and selling homes, what this means for real estate agent commissions, and what agents should do NOW to get ahead of the game. Plus, since our agent panel is all investors as well, they give some crucial advice on finding an agent in your area that will help you build your real estate portfolio even bigger.

In This Episode We Cover:

The NAR lawsuit explained and what it means for real estate agent commissions

A “huge exit of agents” and how this could change the real estate industry forever

What to do when a seller offers you or your buyer’s agent a zero-percent commission

What real estate agents need to start doing NOW to ensure they still get paid

The key signs of an investor-friendly agent that any landlord should be looking for

Massive downsides of buying or selling without an agent (it will cost you…)

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Juliet's BiggerPockets Profile

Craig's Facebook

Craig's Instagram

Craig's Website

Juliet's Instagram

Juliet's Brokerage Instagram

Juliet's YouTube

Juliet's Website

Mike's BiggerPockets Profile

Mike's Facebook

Mike's LinkedIn

Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-930

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

929: Spring Cleaning: Why We’re Selling Off Parts of Our Rental Portfolios Apr 04, 2024

Why are David and Rob selling off parts of their rental portfolios? It’s a new season, and you know what that means—spring cleaning! And if you’ve got underperforming properties, a real estate business that’s just treading water, or employees who aren’t moving the needle, this is the episode for you. David and Rob are talking about “trimming the fat” of their portfolios and businesses, weeding out the bad expenses, and selling off their problem rental properties. And with spring being the best time to sell, you may want to consider doing the same.

First, we’re going through David and Rob’s real estate businesses—they’re talking about hiring, firing, starting new businesses, and when it’s time to slow INSTEAD of grow. Next, the investing duo takes a hard look at their portfolios, triaging the properties into winners, losers, and the ones that need a little love. If you’ve got a rental property that isn’t pulling in the numbers you want, now may be the time to sell!

But, if you’re going to sell some of your rentals, how do you use that money to keep building wealth? We’ll get into exactly what David and Rob are doing with the money from their problem rental properties and how they’re using it to multiply their cash flow even more. Don’t leave your portfolio collecting dust—you’ve got some spring cleaning to do!

In This Episode We Cover

When it’s time to sell your rental properties (and how to know they’re underperforming)

Why you should NOT start a new business until you evaluate THIS

Hiring, firing, and how to know it’s time to cut back your business expenses

The real reason you need to visit your properties more often (Rob’s BIG mistake)

Return on equity (ROE) and why you need to keep track of this crucial metric

David’s potential move and why he may be leaving the Golden State behind

And So Much More!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-929

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

928: 124 Units in 4 Years by Only Investing in Small Towns and Tiny Markets w/Dylan Osmon Apr 03, 2024

In just four years, Dylan Osmon went from having no job, barely any money, and no real estate investing experience to owning over one hundred rental units. How’d he do it so quickly? Before we answer that, we’re going to make this a little more impressive. Dylan isn’t buying in the big cities with tons of inventory going on the market every week—he’s been buying in tiny towns that you and almost everyone else listening to this have never heard of. And he may have struck gold by doing so.

Dylan acquired his first investment property right before the lockdowns. Then, after closing, he quickly realized that this was the worst rental property he could have bought. It had everything—low rents, tenants who never paid, and, to top it off, a cesspool of human waste in the crawlspace—everything you need for a deal gone wrong. He quickly got control of this nightmare rental, flipping it and walking away unscathed. But now, he had to start back from square one, this time with new knowledge.

Over the next few years, Dylan made it his mission to build multiple income streams, so every dollar he made went into new deals. He eventually met partners that would help him scale even quicker and learned the secret to finding the best off-market properties—don’t worry, he shares it in this episode! Now, he’s got over one hundred rentals across three small markets, and if you copy his strategy, you could too!

In This Episode We Cover:

Why you CANNOT overlook small markets when investing in real estate

The #1 best way to find off-market real estate deals in any area

How much emergency reserves you should have on hand at ALL times

Investing in real estate with no money by finding the deal FIRST

Scaling your real estate business faster so you don’t have to do so much of the work

The risk of having only a W2 salary and just one income stream

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

Use The BiggerPockets Investment Calculators On Your Next Deal

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

Connect with Dylan

Dylan's BiggerPockets Profile

Dylan's Facebook

Dylan's Instagram

Dylan's Website

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

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

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

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

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

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

In This Episode We Cover:

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

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

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

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

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

And So Much More!

Links from the Show

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Grab David’s Book, “SCALE”

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

Forums

Meetups

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

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

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

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

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

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

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

In This Episode We Cover:

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

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

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

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

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

And So Much More!

Links from the Show

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

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

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

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

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

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

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

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

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

In This Episode We Cover:

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

What happens to housing inventory if interest rates fall or rise

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

Why most investors are wrong about price cuts

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

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

And So Much More!

Links from the Show

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

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

HousingWire CEO: This Inventory Shortage Could Last Decades

Connect with Mike

Altos Research

Mike's LinkedIn

Mike's X/Twitter

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

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

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

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

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

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

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

In This Episode We Cover:

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

Scaling your real estate portfolio FASTER by leveraging private capital

The BIGGEST mistake beginners make when trying to raise private capital

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

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

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

And So Much More!

Links from the Show

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

BiggerPockets Tools Mentioned in Today’s Video:

Grab Matt’s Book, “Raising Private Capital”

Connect with Hervé

Hervé's BiggerPockets Profile

Hervé's LinkedIn

Hervé's Website

Connect with Matt

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

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

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

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

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

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

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

In This Episode We Cover:

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

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

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

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

Scaling your business with new construction homes instead of flipping houses

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

And So Much More!

Links from the Show

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

4 Vital Points to Consider BEFORE Getting Into New Construction

Kevan's BiggerPockets Profile

Connect with Kevan & Ayesha

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

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

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

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

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

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

In This Episode We Cover:

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

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

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

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

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

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

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

And So Much More!

Links from the Show

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear Our Interview with AirDNA’s Jamie Lane

PriceLabs

BiggerPockets Podcast 795 with Chad Carson

BiggerPockets Podcast 492 with Rob Abasolo

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

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

Book Mentioned in the Show:

SCALE by David Greene

The Small and Mighty Real Estate Investor by Chad Carson

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

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

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

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

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

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

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

In This Episode We Cover:

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

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

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

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

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

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

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

And So Much More!

Links from the Show

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear Our Interview with AirDNA’s Jamie Lane

PriceLabs

Book Mentioned in the Show:

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

Connect with Avery:

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

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

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

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

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

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

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

In This Episode We Cover:

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

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

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

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

Sexual harassment scandals, turbulent leadership, and recent NAR struggles

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

And So Much More!

Links from the Show

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

Check out the entire episode on the "On the Market" YouTube Channel

The NAR Will Eliminate 6% Commission Standards and Pay $418 Million in Damages After Settling Lawsuit

Is It the End of the Realtor? Inside the NAR Crisis

New Agent Lawsuits Could Have Profound Effects for Buying and Selling Homes

Connect with Debra:

NYT

Debra's Website

Debra's Twitter

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-920

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

919: How to Use Real Estate to Quit the 9-5 Grind Mar 21, 2024

Ready to escape the rat race and leave your nine-to-five behind? You’re tired of the early mornings, late nights, alarm clocks, and commuting. You want to go out on your own, create your own destiny, gain autonomy, and control your schedule. Can real estate help you get there? Definitely, but it won’t be the way you think. Those popular flipping shows on TV and influencer Instagram feeds love to show how easy and fun it is to be a full-time real estate investor. But is this reality?

Today, we’re having an “escape the rat race” roundtable as Dave Meyer, David Greene, and Rob Abasolo discuss the best way to quit your job with real estate. Two of these investors are full-time real estate professionals, while one still holds their nine-to-five. In this episode, they get into the exact strategies you can use to start building wealth through real estate, create cash flow to replace your job, and determine which investments will work best for you. There’s even one strategy they ALL agree is the best way to get started.

But before you hand in your two weeks’ notice, you better listen up. The world of full-time real estate investing isn’t what it seems on the outside, and unless you’re willing to put in the work, you might as well stay at your job and invest on the side. Want to hear about the grind none of the investing gurus will tell you about? Stick around; we’re sharing it all in this episode.

In This Episode We Cover:

How to quit your nine-to-five job and start investing in real estate full-time

The easiest way to get started investing in real estate that EVERYONE should do

Active vs. passive real estate investing and whether you should flip houses or fund other people’s deals

The truth about real estate cash flow and why it WON’T solve the problems you want it to

Which personality types should invest in which assets (and the ones you should avoid)

Real estate jobs you can start NOW that will help you get into the game even faster

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

Grab Dave’s Book, “Start with Strategy”

Forum Post: Which real estate strategy works best to escape the 9-5 rat race?

Hear Last Week’s Seeing Greene, “Seeing Greene: Can I Escape the Rat Race with Just $70K?”

Why you shouldn’t quit your 9-5 job to become a real estate investor

BiggerPocket's Instagram

Connect with Dave:

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-919

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

918: Creating Their Own Demand By Ditching the "Cookie-Cutter Flips" w/George and Heather Bassett Mar 20, 2024

Fix and flips have looked a lot alike for the past few years. You see the same countertops, wall colors, appliances, and flooring in almost every new flip. While it makes sense for many high-volume flippers to use the same “cookie cutter” recipe repeatedly, it may not get you the highest price on your house flip. If you want to start a bidding war on your next investment property, you’ll need to think outside the box, like George and Heather Bassett have.

George and Heather aren’t your everyday house flippers. To start, they filmed this entire interview from inside a church-turned-luxury house flip. George and Heather want to make each home they flip stand out and feel unique to every prospective buyer who walks through it, and their recipe for success sure seems to be working. On a recent flip, they had over fifty showings in one weekend alone. So, what house-flipping tips do they have that could help YOU sell for more?

From unique finishes to thinking of livability first, asking the house what IT wants, and staging the not-so-basic way, George and Heather deliver an absolute masterclass on how to turn your next fix and flip into a show-stopping, bidding-war-starting, beautiful property that could give you tens of thousands more in profit than what the everyday flipper is getting.

In This Episode We Cover:

Why “cookie cutter” flips AREN’T what buyers want in 2024

Inexpensive, “unique” additions that’ll make your fix and flip sell for more

Asking the house what IT wants and keeping the character of historic homes

How to use “bold” renovations to start a bidding war on your next house flip

Financing your next fix and flip with hard money, private money, and…credit cards?

The ONE thing that’ll help your home sell for TOP dollar (which most people skip)

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

The Renovations That’ll Instantly Increase Your Home Value, Part 1

The Renovations That’ll Instantly Increase Your Home Value, Part 2

Check Out George and Heather’s Church Flip

Connect with George and Heather:

Team Bassett Facebook

Team Bassett Website

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-918

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

917: Seeing Greene: Can I Escape the Rat Race with Just $70K? Mar 19, 2024

Want to escape the rat race? To do so, you’ll need some serious investments. And if you want bigger and better cash flow or appreciation, commercial real estate is the place to start. But how do you find these bigger deals? Sure, it’s easy to log on to your favorite listing website and find a hundred houses to buy, but what about self-storage facilities, multifamily apartments, warehouses, and more? How do you find the BIG deals?

On this Seeing Greene, we’re answering crucial investing questions so you can build wealth better and reach financial freedom faster. First, Real Estate Rookie guest Mike Larson calls in to ask how to find off-market commercial real estate deals. If you’ve ever wondered how to invest in commercial real estate, this is the place to start! Next, a BiggerPockets Forum poster asks for the best investment to “escape the nine-to-five rat race.” A short-term rental investor needs to know the best way to invest his home equity. Plus, we discuss why mortgage rates DON’T matter as much as you think they do!

In This Episode We Cover:

How to escape the rat race with real estate investing

Commercial real estate investing 101 and where to find off-market commercial deals

Commercial funding tips you MUST know before you try to buy a big property

How to use your home equity to invest and WHICH type of real estate is your best bet

What to do when the chances of refinancing to a lower rate look bleak

The truth about high mortgage rates (most investors are WRONG about this)

And So Much More!

Links from the Show

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear James On the “On the Market” Podcast

Grab David’s Book “Pillars of Wealth”

From $40K Debt to 4 Doors and Six-Figure Net Worth (In 1 Year!) w/Mike Larson

Which real estate strategy works best to escape the 9-5 rat race?

Connect with Mike

Mike's Instagram

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-917

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

916: Crucial Contractor Tips to Avoid Renovation Disaster w/‘Rico to the Rescue’ Mar 18, 2024

A bad contractor could not only ruin your home renovation but cost you tens if not hundreds of thousands of dollars. Don’t believe us? Just ask Rico to the Rescue’s Rico León. Rico has spent years cleaning up contractor mistakes, making homeowners feel whole again after getting ripped off, lied to, and scammed by who they thought were reputable contractors. As a contractor himself, Rico knows the red flags to spot right away to tell if a contractor will take your money and run, and he’s sharing them with us today!

This episode is crucial for ANYONE who owns a home, is looking to renovate one, or is just getting started in real estate investing. Home renovations can make or break your career as a real estate investor, so knowing who can get the job done is a skill that can’t be overlooked. Rico breaks down the common problems inexperienced contractors run into, the Ponzi scheme of payments to look out for, how to create a contractor contract so you protect yourself, and the mistakes you can prevent BEFORE you hire a contractor.

Plus, we’ll get into the not-so-obvious red flags that only an experienced contractor will notice, what you need to check before you hire a contractor, the milestones to set up so you don’t get ripped off, and the conversation you must have with ANY contractor before work begins. Finally, Rico leaves us with four tips to help even the most inexperienced homeowner hire the right contractor.

In This Episode We Cover:

Red flags that point to a shady contractor who has their eyes on your wallet

Writing your contractor contract so you stay legally protected during a renovation

Why you never (EVER!) pay upfront for a home renovation

What you MUST check before you hire a contractor to ensure they’re legit

The common contractor Ponzi scheme that is slowly being targeted by local governments

Expert-tested tips to hire the right contractor for your first home renovation

And So Much More!

Links from the Show

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

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

Watch "Rico to the Rescue" On HGTV

Catch Rico On the Other HGTV Shows:

Battle on the Mountain

House Hunters: All Stars

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-916

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

How to Get an Off-Market Seller on YOUR Side (+Most Common Objections) W/DealMachine Mar 16, 2024

Tune into The DealMachine Real Estate Investing Podcast for more episodes just like this!

Want to take down off-market real estate deals? You know, the properties you can get at the lowest prices and make a significant profit on? If so, you must know how to talk to off-market sellers. But, before you take your next seller phone call, you better be prepared to get hit with any of these nine common seller objections. And if you’ve been in real estate for a while, many of these sound familiar. But today, our friends at DealMachine will show you how to handle them like a pro.

“I need to talk to my spouse.” “I need to think about it.” “My house is worth more!” These are just a few common real estate objections you may have heard before. So, how do you turn a standoffish seller into a motivated one? Jennie Hudspeth, sales trainer for top homebuying companies, is on to give her time-tested, expert knowledge on disarming even the most frustrated sellers so you can get on equal footing and make an off-market deal actually happen!

Liked today’s show? Check out even more DealMachine podcast episodes here, where you’ll learn from wholesaling experts and the TOP off-market deal finders!

In This Episode We Cover:

How to handle the top nine real estate objections you’ll hear from off-market sellers

The three things that will make an owner unsure about selling (and how to address them)

The common “smokescreen” objections and how to bring back a seller’s confidence in you

What to do when an off-market seller is fixated on an on-market sales price

Not wasting sellers’ time and ensuring they are in the position to sell their home

Why should you NEVER say, “Can I be honest with you?” and what you should say instead

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

Listen to “The DealMachine Real Estate Investing Podcast”

Get Your Next Off-Market Deal Faster with DealMachine

Connect with Jennie:

Jennie's Email

Jennie's Instagram

Jennie's LinkedIn

Connect with David:

Connect with Ryan:

Ryan's Instagram

Ryan's Website

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-bonus-2

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

915: BiggerNews: Why Mortgage Rates AREN’T Falling w/Caeli Ridge Mar 15, 2024

The Fed has signaled something significant for mortgage rates. With inflation still rearing its head and the job market hot as ever, the Fed already has enough evidence to hold back on lowering the federal funds rate, which influences the mortgage rate you get on a home. So when will the Fed finally lower rates so we can escape this highly unaffordable mortgage market? Or, can the Fed pause for the foreseeable future as we enter a new era of high interest rates? Caeli Ridge, President of Ridge Lending Group, is here to help us answer these questions.

Caeli works on getting investors mortgages every single day, so she has a solid pulse on the mortgage market. She gives us a mortgage rate update, explaining what today’s rates look like, when the first Fed rate cuts could come (sooner than you think!), and how a mortgage lender calculates your specific rate. She also gives some tips on navigating this high-rate environment and why merely looking at your mortgage rate as a deciding factor could cost you big time.

As we wrap up, Dave will give his perspective on what the Fed is waiting for and the factors that MUST change before the Fed decides to proceed with a rate cut. He’ll also share a few tips on how to get ahead of the competition with today’s high rates and why these unique advantages won’t last long.

In This Episode We Cover:

How long we’ll have to wait for the Fed to finally cut rates

March 2024 rate update and the rate you can expect on your next mortgage

What matters MUCH more than your mortgage rate when closing on a property

LLPAs (loan-level price adjustments) and how to score a lower interest rate from your mortgage lender

The crucial economic factors the Fed is watching to decide when to lower mortgage rates

How to get ahead of the competition during a high-rate environment and buy when the masses are distracted

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

Grab The Personalized Guide to Picking a Mortgage

The BiggerPockets Mortgage & Home Loan Calculator

Should You Buy Mortgage Points?

Fed Meetings Calendar

Connect with Caeli:

Caeli's BiggerPockets Profile

Caeli's Instagram

Caeli's LinkedIn

Caeli's Website

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-915

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

914: Deals We’re Doing: Rob’s Pink Pickle and How David Made $500K on ONE House914: Mar 14, 2024

You hear us talk a lot about buying real estate, but what real estate deals are WE doing in 2024? Today, we’re pulling back the curtain on our portfolios, walking you through actual deals we’re doing, how much they cost us, how much they’re making, and why, surprisingly, one of us STOPPED buying real estate to focus on something that’ll make much more money. Want to know what it is? We’re about to give you every detail you need to repeat the real estate deals we’re doing!

First, Rob will talk about his Pink Pickle…yes, you read that right. It’s the newest bachelorette party-themed short-term rental in Austin, Texas! This short-term rental has everything you’d ever need: a pink pickleball court, a pink dinosaur, a mysterious red button that you SHOULD NOT PRESS, and an above-ground pool. This property took a LOT of work, but it only happened because of a real estate deal gone wrong.

Next, David gives a masterclass on how to make half a MILLION dollars in equity on one rental property. He also shows you how having an investor’s eye can allow you to TRIPLE the square footage of a home and skyrocket the rents, making you much more cash flow than you thought possible. And no one even wanted this property in the first place! How do you find these hidden deals? Stick around; we’ll show you!

In This Episode We Cover:

Whether to buy more doors or reinvest in your real estate portfolio in 2024 (and what we’re doing)

Housing market headwinds that are stopping most investors and how to get around them

Turning a house flip gone wrong into a cash-flowing short-term rental

How David turned a tiny house into a $1.3M triplex with a HUGE equity position

The BRRRRSTR strategy explained (buy, rehab, rent, refinance, repeat, short-term rental)

Why you always check for extra square footage BEFORE you make an offer on a house

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 Short Term Rentals (STR)

How to Invest in Real Estate With the BRRRR Method

Book the Pink Pickle

Why I stopped buying real estate (and why you should too)

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-914

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

913: 150+ Deals in 3 Years and Why You DON’T Want to Be a Landlord w/Don'nell Greer Mar 13, 2024

Most real estate investors do a few deals a year if they’re lucky. But today’s guest was doing twenty to thirty real estate deals a MONTH. That’s right—not per YEAR, per MONTH. And he did it all while scaling his real estate business at lightning speed. The best part? He didn’t have to use his own money to get there—his deals were being funded completely by private partners, and if you stick around, you’ll know exactly how to do it, too!

After closely observing investors while he was a real estate agent, Don’nell Greer got the hang of finding and tackling profitable real estate deals. After much analysis paralysis, he got his first deal under contract—an $80,000 home that needed some heavy sweat equity to make it profitable. With high rents and low home prices, Don’nell knew the deal would work, but he needed more money. Through a family loan, Don’nell realized the power of private money, and once he saw the possibilities, there was no turning back.

Fast forward soon after, and Don’nell was borrowing hundreds of thousands of dollars from millionaire investors he met through his network. Thanks to the new source of funding, Don’nell was able to flip dozens of houses a month, making a life-changing business in the process. But it wasn’t all good news. Partnership problems, rising interest rates, and changing market dynamics forced Don’nell to make a hard pivot—a pivot you may have to make in the future!

In This Episode We Cover:

How to get past analysis paralysis and get your first real estate deal in the bag

How to use private money to fund your real estate deals when you’re low on cash

Flipping twenty-thirty houses a MONTH by scaling your real estate business

Taking a chance on tenants and why most landlords say “no” to some of the best renters

How Don’nell corrected course when rising interest rates put his flipping business at risk

The power of coaching and mentorships and why you need a strong real estate community to succeed

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

Find Your Next Home Insurance Contact

Don’nell Greer Made $70,000 on the First Property. Now He’s 200 Flips Into His Career—Here’s How He Did It

Connect with Don'nell:

Don'nell's BiggerPockets

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-913

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

912: Seeing Greene: Paying Off Rentals, Partnerships Splits, & Using Home Equity Mar 12, 2024

Want to double your real estate portfolio and bring in much more cash flow? What about using some of your untapped home equity to invest? Today, we’re showing you how to do just that on this episode of Seeing Greene, where we get into real estate partnerships, paying off rental properties, using home equity to invest, and the not-so-secret repeatable thirteen-percent return real estate investment.

Green means go, so we’re flooring it in this episode as David Greene and expert guest James Dainard bring some high-level investing tactics you can use to build wealth even faster. First, we get a question from Real Estate Rookie guest Matt Marcelissen, wondering how he can double his real estate portfolio by harnessing the power of partnerships. David and James give some rare advice on why you SHOULDN’T split things 50/50. Next, an investor wants to know if his low ROE (return on equity) rental is worth paying off. Then, what to do when you have home equity but can’t sell the house? And finally, James’ thirteen-percent return investment he’s using to pay for his kids’ college!

In This Episode We Cover:

How to double your cash flow by using real estate partnerships the RIGHT way

Why splitting returns on your partnership 50/50 is NOT the way to go

Whether or not to pay off a rental property to boost your cash flow

How to invest with home equity when you can’t sell a property

Why David looks for this type of housing market “potential” when buying properties

Hard money investments that can make you double-digit returns

And So Much More!

Links from the Show

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear James On The “On the Market” Podcast

Past Episodes Mentioned on Today’s Show:

Dion Mcneeley (Real Estate)

Dion McNeeley (Rookie)

Matt Marcelissen

Seeing Greene 897

Connect with Matt

Connect with James

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-912

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

911: The “Value-Add” Playbook: How to Boost Equity and Bring in MORE Cash Flow Mar 11, 2024

Want to turn your rental property into a cash-flowing machine? What about boosting your property’s equity by tens or hundreds of thousands? The “value-add” strategy can do all this and more, but you’ll need to know the right moves to make. Top real estate investors have been using value-add on their rental property portfolios for decades, turning lackluster rentals into financial freedom-producing properties, and you can do the same IF you know how to spot value-add opportunities.

So, today, we’re showing YOU how to make MORE cash flow and explode your home equity by tweaking your rental properties in the right ways. Both David and Rob have done this numerous times across multiple properties. In fact, David even shares a real-life example of how he increased the cash flow on one of his rental properties by over $10,000/month thanks to an interesting strategy most rookie real estate investors would completely overlook.

Not only that, Rob was able to turn his first Southern California home into a multifamily rental that hosts long, medium, and short-term tenants, and rakes in massive cash flow almost a decade after purchasing it. Whether you’ve got small, big, long, medium, or short-term rentals, you can use value-add to create more passive income and bigger equity gains. Stick around as we give away our secrets on the best value-add moves to make.

In This Episode We Cover:

How to use the “value-add” investing strategy to make MASSIVE cash flow on any property

The two most common ways to add value to your rental property portfolio

The value-add improvements to spot BEFORE you buy another rental property (most people miss this)

Additions, ADUs, and other ways to add more doors to your rental property

Boosting your cash flow by converting your long-term rentals into short and medium-term rentals

What you MUST do BEFORE you start adding on to your rental property

And So Much More!

Links from the Show

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Learn The Original Value-Add Strategy with The BRRRR Book

The Renovations That’ll Instantly Increase Your Home Value, Part 1

The Renovations That’ll Instantly Increase Your Home Value, Part 2

How to Do Value-Add Renovations Without Disrupting Tenants

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-911

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

910: Zillow’s “Trends Expert” on How to Sell Your Home Faster (and For More!) w/Amanda Pendleton Mar 08, 2024

Did you know that a certain shade of paint can help you sell your home for more? Or that one type of countertop could cause buyers to get into a bidding war over your house? What about the one inexpensive outdoor improvement that families LOVE to see when touring homes? Today, we brought on Zillow’s Home Trends Expert, Amanda Pendleton, to share all the secrets to help you sell your home faster and for more!

Amanda’s team at Zillow takes design data to a whole new level. They know which paint colors prospective buyers want to see, the type of pictures you MUST have on your listing, and the cheap upgrades any homeowner can make to get even more bids on their home. In this episode, she’s sharing much of what her team has learned so you can not only sell for more but also learn the tricks sellers are using when you go to buy your next home.

First, Amanda updates us on housing inventory and outlines today’s “typical buyer.” Then we ask, “Is now the right time to sell?” Plus, we’ll get Amanda’s top tweaks to make to your home so you can sell for more. But it’s not just eye-catching upgrades we’re talking about. Amanda also shares the home renovations with the lowest ROI (return on investment) and the one pricey upgrade that is RARELY worth the money.

In This Episode We Cover:

Home renovations that cost less than $5,000 but can BOOST your property value

The free home-selling tweaks you can make that will bring in more buyers

The upgrades that will hurt your home when trying to sell and could be a negative investment

2024’s typical buyer, and exactly what they’re looking for when shopping for homes

A housing inventory update and why we’re slowly starting to see homes come on the market

The one super affordable upgrade anyone can make to their backyard

And So Much More!

Links from the Show

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

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

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

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

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

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.

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

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

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

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.

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

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

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.

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

Hear James On The “On the Market” Podcast

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.

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

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

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.

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

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

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

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.

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

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

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

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 Instagram: @brianadamsonofficial

Brian's Facebook

Brian's LinkedIn

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.

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

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

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

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:

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

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

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

A Personal Finance Masterclass with Kyle Mast

Check Out SoFi’s High-Yield Savings Account

Books Mentioned in the Show

Pillars of Wealth by David Greene

Rich Dad Poor Dad by Robert Kiyosaki

The Richest Man in Babylon (BiggerPockets Edition) by George S. Clason

Set for Life by Scott Trench

Connect with Kyle:

Kyle's BiggerPockets Profile

Kyle's Twitter

Kyle's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-901

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

900: The Truth About Real Estate Investing in 2024 (What Investors NEED to Know) w/Brian Burke, J Scott, and Scott Trench Feb 23, 2024

The old ways of financial freedom are gone. Before, buying a rental or two and repeating the process for a few years was all you had to do to find financial independence and retire early, sipping fruity drinks on the beach without a worry in the world. But now, that's over. The days of easy passive income are gone, but a new path to wealth is beginning to emerge, one that will still lead you to millionaire status if you’re strong enough (and smart enough) to take it.

It’s the 900th episode of the BiggerPockets Real Estate podcast, and this is no ordinary show. We brought out the big guns this time. Brian Burke, J Scott, and Scott Trench, all time-tested investors, join us to share the truth about real estate investing in 2024 and answer the question we’re all thinking: “Is it still possible to reach financial freedom with real estate?”

But that’s not all. We’re getting their takes on whether or not to wait for lower mortgage rates with monthly payments still sky-high, which strategies are working for them in 2024, which investors will get burnt during this investing cycle, and what a new investor can start doing TODAY to become a millionaire in the next decade. Plus, they share why investors should be fearful now more than ever and why the get-rich-quick influencers are about to get the wake-up call of a lifetime.

In This Episode We Cover:

Whether or not financial freedom is still achievable through real estate in 2024

Why waiting for mortgage rates to drop might not be the best move to make

Investing strategies that are making money RIGHT NOW (and which to avoid)

Why investors MUST have more “fear” if they want to survive in this market

The slow, steady path to building wealth with real estate (this WORKS in 2024)

What new investors should do RIGHT NOW if they want to get in the game

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

David Greene’s First Episode

Past Episodes Mentioned in Today’s Show:

Scott Webinar

J’s First Episode

Brian’s First Episode

Books Mentioned in the Show

The Book on Flipping Houses by J Scott

Real Estate by the Numbers by J Scott and Dave Meyer

Pillars of Wealth by David Greene

Connect with Brian:

Brian's Instagram

Connect with J:

J's Website and Socials

Connect with Scott:

Scott's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-900

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

899: The Renovations That’ll Instantly Increase Your Home Value (Part 2) w/James Dainard and Jessie Rodriguez Feb 22, 2024

With some often overlooked home renovations, you could boost your property’s value by tens, if not hundreds, of thousands of dollars. But which home renovations have the best bang for your buck? We’ve got pro house flippers James Dainard and Jessie Rodriguez back on the show to give their insider tips on the home upgrades that could get you up to a 400% return on your money and the interior renovations they NEVER skip during a house flip.

Last time, we talked about the exterior renovations that can make your house stand out from the rest during a busy buying season (If you missed it, click here to take a listen). This time, we’re taking our shoes off and heading inside, talking about the best kitchen, bedroom, and bathroom upgrades that offer huge returns for often just hundreds of dollars. So, even if you don’t have the budget to add new rooms, you can still pull out thousands more in extra equity with these quick interior fixes.

But if you do have a chunk of change set aside, we’ll also get into adding bedrooms and bathrooms as well as opening up more living space so you can wow buyers (or an appraiser) as soon as they step through the door. Plus, the not-so-sexy but certainly necessary upgrades you’d NEED to pass an inspection!

In This Episode We Cover:

The most overlooked home renovations that don’t cost much but can increase your property’s value

Whether an “open-concept” floor plan is still worth it in 2024

The one kitchen renovation that could give you a 400% return on your investment

A pro tip to save over thirty percent on this one crucial bathroom upgrade

When to add bedrooms and bathrooms to a home (and the return you can expect on additions)

When to replace an old water heater, furnace, or electrical panel so you DON’T get flagged during an inspection

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

Unbelievable Returns from Flipping This New Type of Real Estate

Did High Interest Rates Kill House Flipping?

Connect with James

Connect with Jessie

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-899

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

898: Making $175K in Instant Equity on Her First Real Estate Deal w/Lacey Russell and Sam Haack Feb 21, 2024

What if you could make six figures on your first real estate deal? “Yeah, right! Where am I going to find a property like that?” you say. What if we told you that instead of finding a home-run rental property, you could build a better one? Now, not only do you have some instant equity once the house is built, but you also deal with none of the expensive capital expenditures, regular repairs, and common headaches that come with owning an older home. And you can do this even in the most expensive of markets.

When Lacey Russell was looking for an investor-friendly agent, she turned to BiggerPockets Agent Finder, where she found her rockstar real estate agent, Sam Haack. Together, they realized that building a new construction rental worked FAR better than buying one, so Sam scoped the market for investor-friendly builders, and now, they’re off to the races. They’ll go through the full numbers of this real estate deal, from land costs to loans, equity forecasts, cash flow, and more!

Want to find an agent just like Sam? Hop on the BiggerPockets Agent Finder, answer a few questions, and get matched with investor-friendly agents in your area!

In This Episode We Cover:

How to find profitable real estate deals when your market is VERY expensive or has no inventory

When building rentals beats buying them and how much instant equity you can make

How to find an investor-friendly agent no matter your real estate market

The type of lender to look for that’ll get you a lower mortgage rate

Finding a builder in your area that’ll work with your investor-first numbers

What you MUST tell your real estate agent in the beginning to find success together

And So Much More!

Links from the Show

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear Henry on The “On the Market” Podcast

Try the Rental Property Calculator on Your Next Real Estate Deal

Books Mentioned in the Show

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

Rich Dad Poor Dad by Robert Kiyosaki

Wealth without Cash by Pace Morby

Connect with Lacey

Lacey's LinkedIn

Connect with Sam

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-898

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

897: Seeing Greene: Generational Wealth 101 and Getting Started in a Tough Market Feb 20, 2024

Want to know how to set your kids up for LIFE? The answer is pretty simple: rental properties. Whether you plan on keeping them or giving them to your children later in life, rental properties are one of the best ways to secure generational wealth for your children, their children, and many generations to come. But how do you give your kids everything while ensuring they stay hard-working, frugal, and financially savvy? We’re gonna show you how.

Welcome back to Seeing Greene, where David, Rob, and special guest James Dainard answer your legacy-building questions. First, Falisha wants to know how to create generational wealth for her children. James gives an interesting take on why he’s NOT giving his kids rental properties but doing something that’ll make buying a home MUCH easier when they come of age. An investor on the BiggerPockets forums asks when to put appreciation over cash flow, an almost-financially-free investor wonders when he should go full-time into real estate, and a young investor wants to know how to start investing in real estate when his local market is too expensive.

In This Episode We Cover:

How to start creating generational wealth and set your kids up for LIFE!

Getting around estate taxes by putting your assets in a trust

Cash flow vs. appreciation and when breaking even is actually a major win

When to leave your job to become a full-time real estate investor (think TWICE about this)

The easiest way to start investing in real estate, especially when you have little money or experience

Investing in townhomes and the one BIG expense most investors overlook

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

The Renovations That’ll Instantly Increase Your Home Value w/James Dainard and Jessie Rodriguez

Connect with Falisha

Falisha's Instagram: @falisha_rexford

Falisha's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-897

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

896: The Renovations That’ll Instantly Increase Your Home Value (Part 1) w/James Dainard and Jessie Rodriguez Feb 19, 2024

Which home renovations will boost your property’s value and put you in a better position to sell? Or, if you’re not selling, how do you rake in even more equity during a hot housing market? If you have some time, a bit of money, and the knowledge from this episode, you can instantly increase your home value through some standard home renovations. But we’re not just talking about replacing the roof (although we DO talk about that); we’re getting into the nitty gritty of exterior home renovations that’ll truly make you richer.

So, how did we come up with the best bang-for-buck home renovation list? Easy—we didn’t! We just asked pro flippers James Dainard and Jessie Rodriguez to do it for us. Both of these investing veterans have flipped hundreds of houses. They know what’s worth the cost and, more importantly, what isn’t. Together, they drop some time-tested gems on the home renovation hit list that’ll turn your outdated home into an up-to-date masterpiece and bring about bidding wars.

Stick around because we’re going to share the renovations that will give you a 100% ROI, the easy fixes that, when not addressed, can cost you tens of thousands, and the simple upgrades that’ll make your home stand out from the competition!

In This Episode We Cover:

The best bang-for-buck home renovations that will increase your property’s value

The 100% ROI renovation that most flippers will overlook but buyers LOVE to see

How to avoid paying a HUGE seller concession by upgrading this key part of your home

David’s most hated part of a home that has ruined many past deals for him and his clients

Termites, dry rot, and how to take care of them in a cheaper, better way than calling the pest control company

The simple exterior upgrade that makes your home stand out when selling

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

David's Instagram: @davidgreene24

Unbelievable Returns from Flipping This New Type of Real Estate

Did High Interest Rates Kill House Flipping?

Connect with James

James' Instagram: @jdainflips

Connect with Jessie

Jesse's Instagram: @jessierodriguez

Jesse's LinkedIn

Jesse's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-896

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

895: BiggerNews: How Climate is Exploding Insurance, Building, and Investing Costs w/Natalie Ambrosio Preudhomme Feb 16, 2024

The climate crisis is already here, and the cost of real estate is being directly affected. Insurance premiums are skyrocketing, costs to build are rising, and your reserves need to be bigger than ever. Tornados, hurricanes, fires, and floods threaten your properties, so how do you protect yourself from what’s coming? Where are the least-affected areas, and how do you ensure your rental property portfolio doesn’t go up in flames or get drowned out by the rising tide?

Moody’s Analytics’s Natalie Ambrosio Preudhomme is on this BiggerNews to talk about one thing—climate catastrophes. Natalie spends her days looking through data on the financial implications of climate risk and how she can better help real estate investors navigate around or outright avoid the most devastating effects to come. Plus, researching what you can do to prevent property damage if you're in an at-risk area.

Natalie outlines how climate risk will force more local governments to increase regulations (and fines), the safest investing areas in the country, and whether the sky-high insurance premiums can continue. Whether you’ve got rentals, commercial real estate, or just own your own home, these risks WILL affect you, so pay close attention to Natalie’s insight.

In This Episode We Cover:

The financial implications of severe climate risk that go FAR beyond just rising insurance prices

New government-enforced emission regulations that will affect businesses

The areas of the country that will be least exposed to rising climate risk

The skyrocketing price of insurance premiums and why Natalie says something’s got to give

Could the cost of construction rise as new energy-efficient homes become the standard?

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

Climate Change: Why Top Investors Are Paying Attention (and You Should Too)

Stay Up-to-Date with Moody’s CRE Research

Connect with Natalie

Natalie's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-895

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

894: How to Buy a Rental Property in 90 Days (or Less!) Feb 15, 2024

Here’s exactly how to buy your first rental property in ninety days or less. And guess what? You don’t need ANY real estate investing experience to do it. After watching this episode, you’ll be able to find rental properties, analyze them to ensure they’re profitable, and fund them so YOU can start building financial freedom. And whether you want two investment properties or twenty, these are the EXACT steps you’ll need to accomplish your goal.

If you’re dreaming of passive income, financial independence, or throwing your alarm clock out the window, this is the place to start. Dave Meyer, BiggerPockets VP of Market Intelligence, went from waiting tables to making mailbox money EVERY month by investing in real estate over the last decade. Now, Dave lives abroad, doing what he loves and having more than enough passive income to support his lifestyle. He’s giving YOU the beginner steps to start building your own wealth through real estate and showing YOU how to buy your first rental property in just ninety days.

Want to supercharge your real estate investing and reach your goals faster? Sign up for BiggerPockets Pro and use code “24CHALLENGE” for a special discount and to unlock unlimited rental property calculator usage, landlord lease agreements, exclusive bootcamps, and more!

In This Episode We Cover:

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

The three beginner steps to investing in real estate successfully

How to achieve financial freedom through rental properties (just like Dave!)

The EASIEST way to find great rental properties in your area

How to analyze a rental property in just minutes using the BiggerPockets Rental Property Calculator

The BIGGEST challenge real estate investors face (and how to get around it)

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

BiggerPockets Tools Mentioned in Today’s Video:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-894

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

893: 2024’s New BRRR Strategy: BUILD, Rent, Refinance, Repeat w/Natalie Cloutier Feb 14, 2024

Though only in her thirties, Natalie Cloutier has built a nine-million dollar real estate portfolio with just eight properties. Her secret to success? The “build-to-rent” strategy that so many real estate investors won’t even consider. Most investors feel that the building process is too complicated, expensive, and requires too much effort to be worth the time. But what if this “build-to-rent” strategy allowed you to create your own profitable deals, make massive amounts of equity, and build wealth even in a highly competitive market?

After her parents shared their secret strategy to build wealth, Natalie realized that building rentals, not buying them, was her ticket to financial freedom. But how could she get started? She was a fresh college graduate with no money to her name. Thanks to a no-money-down construction loan, Natalie built her first rental property, a house hack, which ignited her multimillion-dollar real estate portfolio.

In today’s show, she shares her “super secret method” to “building” wealth with the build-to-rent strategy, how to CREATE your own deals in ANY market, what you can expect to pay for a new construction home, how to find land to build on, and the biggest challenge that stops most investors from getting started (you CAN get around this!). Plus, how she’s doing it all in Canada’s unbelievably unaffordable housing market.

In This Episode We Cover:

The build-to-rent strategy and why building trumps buying in 2024

The EASIEST way to get into new construction (copy Natalie’s move!)

How much you can expect to put down when building a new construction rental

Tips to make your new construction rentals cost-effective and save tens of thousands

Where to find land to build on (it’s not as hard as you think)

The one move that will make building a rental MUCH easier for you

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

4 Vital Points to Consider BEFORE Getting Into New Construction

How Much Does It Cost To Build A House?

Dave's Instagram: @thedatadeli

Henry's Instagram: @thehenrywashington

Natalie's BiggerPockets Profile

Connect with Natalie:

Natalie's Instagram: @thenewbuildcouple

Natalie's Website

Grab Natalie's "Build & Hold Strategy E-Guidebook"

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-893

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

892: Seeing Greene: How to Retire with Real Estate and Negotiate Your Loans Feb 13, 2024

It’s not too late to retire with real estate, EVEN if you’re just getting started in your late fifties or have NO experience investing. On this Seeing Greene, David gives his take on what someone with no rentals (or real estate at all) can do with their retirement accounts to successfully retire on real estate. But maybe you have a bit more experience or aren’t such a late starter. Don’t worry, we’ve got plenty for you too.

We’re back as David takes investing questions directly from listeners just like you. In this Seeing Greene episode, a house hacker asks whether he should take out a HELOC or hard money loan to get his next deal done. A late starter wonders what she can do to retire with real estate, even with zero experience investing. David shows YOU how to negotiate with your lender to get a better rate or term on your home loan and use “portfolio architecture” to put your “lazy” equity to work so you build wealth faster!

In This Episode We Cover

HELOCs vs. hard money loans and the not-so-obvious way to fund your next deal

How to retire with real estate as a later starter with no experience in rental property investing

Buying a house in all-cash and why now may be the perfect time to do so (if you can!)

Negotiating loan terms with your bank/lender and how to get a lower rate and better terms

Portfolio architecture and how to use your equity to design a rental property portfolio that produces the most wealth possible

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-892

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

891: How to Negotiate a Deal When It's Under Contract Feb 12, 2024

We’re about to share the secrets NO seller wants you to know about. These secrets could save you tens of thousands of dollars on your next home purchase, and most buyers have no clue about them. In fact, these secrets are so rarely used that most agents don’t know how to take advantage of them until it’s too late. Today, we’ll unlock the best-kept negotiation secret in real estate investing: negotiating AFTER your offer has been accepted.

New investors and first-time homebuyers think the time to negotiate is BEFORE their offer gets accepted, but this couldn’t be further from the truth. Once an offer is accepted, buyers unknowingly gain a TON of leverage—leverage that can be used to get seller credits, a reduced purchase price, concessions, and more. And this isn’t just some negotiation theory that works only in psychology textbooks. David has used these tactics NUMEROUS times to save his clients thousands of dollars and get them EXACTLY what they want out of the seller.

And if you’re a seller, the reverse works in your favor. Knowing these negotiation tactics can help you STOP buyers from taking control once you’re under contract, giving you the upper hand while they struggle to find faults in your house. So, if you’re about to buy a property, are under contract right now, or WANT to invest in the future, these negotiation secrets MUST be followed to score a great deal.

In This Episode We Cover:

How to negotiate a real estate deal when you’re ALREADY under contract

The two stages of negotiation that most buyers/sellers have zero clue about

Home inspection red flags that CANNOT be ignored (and can get you HUGE seller credits)

The one thing you never, EVER ask a seller to do when under contract

Seller disclosures 101 and what sellers must tell you about a home before you buy

How to get a lower price, seller credits, or concessions while mid-contract

The one thing sellers should ALWAYS do (but DON’T) before they accept any offer

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

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-891

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

890: 100% Bonus Depreciation Coming Back? (Do NOT File…Yet) w/Brandon Hall Feb 09, 2024

The biggest real estate tax deduction is coming back. That’s right—100% bonus depreciation is almost cleared for a triumphant return as the House pushed a new tax bill to the Senate, one that includes some massive tax deduction potential for real estate investors and everyday Americans alike. So, why is this SUCH a big deal? We’ve got Brandon Hall, CPA, on to break down why bonus depreciation could save you tens, if not hundreds, of thousands of dollars.

Everyone knows that real estate boasts some of the best tax benefits of any investment in the nation. But, the one tax benefit to rule them all is almost always depreciation. This tax write-off lets you expense a portion of your property every year and can turn your real-life gain into a paper loss, so you keep your cash flow while avoiding taxes. But bonus depreciation is like regular depreciation on steroids. And the tax benefits can be massive.

So, how do you take advantage of this huge tax write-off? What do you need to know BEFORE you take it? And should you hold off on filing before this new bill passes? We’ve got answers to all that and much more in this episode, so stick around!

In This Episode We Cover:

Four of the hottest housing markets in 2024 that we’d flip houses or long-term invest in

The high-priced coastal market that we love…but wouldn’t buy rentals in

A snowy northeast market that has low prices and big rent-by-the-room potential

A sleeper city with a big price tag but solid investing benefits

The not-so-sexy market that made the number-one spot and surprised us all

Unemployment rates, home prices, average rents, and top metrics you MUST check before investing

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

What Is Bonus Depreciation And How Does It Work?

What is Rental Property Depreciation & How to Calculate It

The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of w/Brandon Hall

Connect with Brandon:

Brandon's LinkedIn

Brandon's Website

Brandon's X/Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-890

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

889: How to Build Generational Wealth Without Losing it Along the Way w/Whitney Elkins-Hutten Feb 08, 2024

Want to learn how to create generational wealth? You know, the type of wealth that your children’s children’s children’s children can rely on. The type of wealth that allows your family to live a life of financial freedom, pursue their passions, and make a real impact on the world without having to sit behind a cubicle or screen all day long? That’s the wealth Whitney Elkins-Hutten is teaching you how to build in today’s episode.

After achieving financial independence for herself and her family through real estate, Whitney knew that she didn’t want her knowledge to go to waste. So, she developed a wealth-building blueprint for her daughter, which became her new book, Money for Tomorrow. In it, Whitney teaches you how to build a wealth legacy that will endure for generations to come and ensure that your descendants won’t gamble or spend away your life’s work.

To protect your generational wealth, Whitney walks us through the four financial “horsemen” that will drain your savings, crush you with taxes and fees, and lead you to financial ruin. So, if you want to ensure your wealth is built to last and will be there for generations, stick around for this episode and pick up your copy of Money for Tomorrow using code “MFTPOD” for a special discount!

In This Episode We Cover:

The generational wealth-building blueprint that anyone can follow to find financial freedom

The four “horsemen” that are coming to take your wealth when you’re not looking

Using insurance the right way to guard your health, wealth, and assets

Why you need to stop focusing on making money and START focusing on saving money

How to use the tax code to owe less to the IRS every year

The MASSIVE investment fee that you don’t even notice you’re paying for

How to pass on generational wealth to your children, their children, and beyond

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

Grab Your Copy of “Money for Tomorrow”

Hear Our Last Episode with Whitney

Grab the CASHFLOW For Kids Board Game

Books Mentioned in the Show

Pillars of Wealth by David Greene

The Richest Man in Babylon by George S. Clason

Tax-Free Wealth by Tom Wheelwright

Connect with Whitney:

Whitney's BiggerPockets Profile

Whitney's Website

Whitney's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-889

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

888: 25 Properties at 27 Years Old by Building His Own Rentals w/Donovan Adesoro Feb 07, 2024

Do NOT buy rental properties. There’s a MUCH better way to build wealth. And we mean that literally, “building” wealth is the best path. At just twenty-seven years old, today's guest has built twenty-five homes, often making around a one-hundred percent return on his money, all without the hassle of the creaky floors, poor piping, and outdated electricals of old, “cash-flowing” rental properties. So, how is he doing it?

Donovan Adesoro bought his first duplex in 2020. He took advantage of a zero percent down loan program, allowing him house hack a new build for just $3,000 out of pocket. But once he saw how much equity he could make, he realized he had to do more. So, Donovan linked up with other investors, overseeing the new build process in exchange for capital to buy land. He then used the plots of land as collateral for his new construction loans, and within six months, Donovan was the proud owner of a brand new duplex with TONS of equity included.

But if you’re like most investors, you know NOTHING about new construction. Thankfully, Donovan, who wasn’t a builder by trade, breaks down the entire building, funding, and capital-raising process so you can repeat his system and start building your wealth instead of buying it! Plus, Donovan gives ACTUAL numbers on what he’s making for every new home and some expert tips on lowering your costs while selling for a high price!

In This Episode We Cover:

How to build a new construction rental and make a HUGE equity gain

Whether or not new construction is STILL worth it in 2024 with higher prices

Why you should build DUPLEXES over single-family homes, triplexes, or bigger properties

How Donovan raised private capital almost entirely through social media

The new build process, from laying the foundation to finishing and beyond

How to save a TON of money with tiny square footage tweaks

And So Much More!

Links from the Show

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

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear Donovan’s “Real Estate Rookie” Episode

4 Vital Points to Consider BEFORE Getting Into New Construction

Top 5 Build-to-Rent Housing Markets for Cash Flow and Appreciation

Connect with Donovan:

Donovan's BiggerPockets Profile

Donovan's Instagram: @donovan_builds

Donovan's LinkedIn

Donovan's X/Twitter: @DonovanBuilds

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-888

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

887: Seeing Greene: Your Last Chance Before the House-Buying “Tsunami” Hits? Feb 06, 2024

Got just enough savings to buy a rental property? Before you pull the trigger, you’ll want to hear today’s episode because you could be making a big mistake. Speaking of buying, are future rate cuts going to push mortgage rates down so low that buyers and bidding wars flood the market? Is this your last chance to get in before home prices shoot back up? Don’t worry; we’re getting to all these questions in this week’s Seeing Greene.

David is back and better/balder than ever as he answers your real estate investing questions. First, a young house hacker wants to know what he should do when there are no good deals in his area. Then, another young investor debates whether they should buy a rental or invest in stocks instead. Unfortunately, there’s one big problem he’s overlooking. A new investor wonders if she should dump her ENTIRE savings into a second home, and a realtor asks for lead generation tips. Finally, David gives his take on what will happen when mortgage rates finally fall this year.

In This Episode We Cover:

What to do when you can’t find a cash-flowing deal in your area

Whether to invest in real estate, invest in stocks, or keep saving and wait

Mortgage rate cut predictions and the “tsunami” of buyers that could flood the housing market

The BIG problem with dumping your savings into a rental property

The TRUTH about real estate investing that none of the gurus will ever tell you

How to get more real estate leads by NOT following the basic agent/investor trends

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

Expand Your Investing Knowledge With the BiggerPockets Books

Grab the “Picking a Market Worksheet”

Catch Dave and Henry on the “On the Market” Podcast

Census Reporter

ChatGPT

FRED

Books Mentioned in the Show:

Pillars of Wealth by David Greene

The Small and Mighty Real Estate Investor by Chad Carson

SOLD by David Greene

Jab, Jab, Jab, Right Hook by Gary Vaynerchuk

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-887

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

886: How to Choose a Real Estate Investing Market (Step-by-Step) Feb 05, 2024

Before you buy your first rental property, you’ll need to choose a real estate market. If you’re like many Americans, your own backyard may not offer what you want out of an investing area. So, where do you go to find cash flow or appreciation? Today, we’re walking you through choosing a real estate investing market, the metrics to look for, signs of growth and decline, and which markets offer investors the biggest benefits.

How hard is it to do market research? If you have access to the internet, you can research a market in a matter of minutes. But knowing WHAT to research is the most crucial part. Dave Meyer, VP of Market Intelligence at BiggerPockets and host of the On the Market podcast, shares his steps to market analysis and how he analyzes each market to ensure it’ll make him the most money in the long run.

We’ll touch on population and migration, supply and demand, vacancy rates, rent-to-price ratios, landlord vs. tenant-friendly states, and the telltale signs that a market will have high or low cash flow. So before you buy your first or next rental property, make sure you do THIS research!

In This Episode We Cover:

How to choose a real estate market in 2024 (market analysis 101)

The market “fundamentals” that show whether an area is worth investing in

Vacancy rates and signs that you’ll have a HARD time finding tenants

The 1% rule and whether or not we’d still use it in 2024

Cash flow vs. appreciation markets and who should NOT be chasing cash flow

Tenant vs. landlord-friendly states and how to quickly tell which is which

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

Expand Your Investing Knowledge With the BiggerPockets Books

Grab the “Picking a Market Worksheet”

Catch Dave and Henry on the “On the Market” Podcast

Census Reporter

ChatGPT

FRED

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-886

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

885: BiggerNews: America's Path to "Renter Nation" as Prices Rise, Rates Stay Put w/J Scott Feb 02, 2024

The US economy has survived the past few years surprisingly well. But there's one huge threat on the horizon no one is watching. With layoffs and bankruptcies already starting to tick up, a new wave of misfortune could hit consumers EVEN as inflation cools, interest rates begin to drop, and asset prices hit an all-time high. What's coming for us that only the most economically inclined know about? We're about to break it down on this BiggerNews.

J Scott, investing legend and author of too many real estate books to name, is back on the show to talk about housing crashes, economic predictions, mortgage rates, consumer sentiment, and the silent threat to the US economy that nobody is thinking about. J knows the game better than most and is the furthest thing from a bubble boy or permabull. He’s got his finger on the economic pulse and uses the most up-to-date economic data to form his opinions.

On today's episode, J shares whether or not he believes another housing crash is coming, how America could become a "renter nation" over the next decade, whether or not home prices will stay high once rates drop, how low mortgage rates could go in 2024, and the biggest economic risk to businesses, employees, and anyone operating in the US economy.

In This Episode We Cover:

The likelihood of another housing crash, especially if America falls into a recession

A silent risk to the US economy that could hit everyday Americans hard

Why Americans are pessimistic about the economy but spending more than ever

The economic "musical chairs" which must come to a stop sometime soon

Why home prices could continue to rise as mortgage rates begin to fall

Mortgage rate predictions and J's forecast for how low they'll go in 2024

The big bank bailout program that could be coming to a close

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

Expand Your Investing Knowledge With the BiggerPockets Books

Grab All of J’s Top Real Estate Investing Books

Catch Dave on The “On the Market” Podcast

7 Tips for Successfully Investing in ANY Market Condition With J Scott

Books Mentioned in the Show:

Real Estate by the Numbers by J Scott

Connect with J:

J's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-885

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

884: How to Use "Hard Money" to Flip Houses, BRRRR, or Buy More Deals w/Will Heaton Feb 01, 2024

You’ve heard top investors talk about “hard money loans” before, but what are they? You never walk into a bank and see a “hard money” sign, and if you aren’t outwardly searching for it, you’d probably never know hard money was a thing. That’s because hard money isn’t coming from a bank or big institution, and because of that, it has some HUGE benefits over getting a standard loan. Better loan-to-value ratios, higher lending amounts, faster funding, and the ability to get a loan on a ROUGH property are just a few. So, how do YOU find your first or next hard money loan?

We’ve got Will Heaton from Heaton Dainard Real Estate on the show to share his experience as a hard money lender and investor for the past two decades. Will has been on both sides of hard money—he’s been the lender and the borrower, but now primarily focuses on lending to OTHER investors trying to build their fix and flip businesses or real estate portfolios.

Will walks us through what hard money is, why it often beats bank loans, how much it costs, the hard money lending process from start to finish, and how to BECOME a hard money lender if you’ve got too much cash in the bank and want to make a solid return. Plus, who should and definitely should not be using hard money to invest in real estate. Having trouble getting your fix and flips or BRRRRs funded? Stick around because hard money may be your best bet.

In This Episode We Cover:

Hard money loans explained and which investors should choose it over a bank loan

Common hard money fees, interest rates, and payoff periods

The hard money process, from getting preapproved to paying back the loan

How to become a hard money lender yourself and put your cash to work

The hard money “draw” process and when you can expect to get your money from a lender

What happens if you DON’T pay back your hard money loan

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

Expand Your Investing Knowledge With the BiggerPockets Books

Catch Dave & Henry on the "On the Market" Podcast

Hard Money Lending 101

How to Become a Hard Money Lender

Connect with Will

Heaton Dainard

Intrust Funding

Will's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-884

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

883: From Homeless at 17 to Solving the Affordable Housing Crisis for a Profit w/Terrica Lynn Smith Jan 31, 2024

The affordable housing crisis is an ongoing challenge here in the United States, but this developer has cracked the code in her own backyard—providing more opportunities for low and median-income households without gentrifying their communities. The cherry on top? She’s making a huge profit while doing it.

In 2005, during Hurricane Katrina, Terrica Lynn Smith couldn’t scrounge up a few hundred dollars to evacuate her and her two children from New Orleans. After this traumatic event, Terrica was determined to break the curse of generational poverty and create a better financial future for her family. Little did she know that she would be creating a better life for countless people in her community as well. After seven failed attempts, Terrica passed her real estate exam and started selling homes. She jumped at any opportunity to learn something new, which allowed her to advance from a real estate agent to an investor, and finally, to a developer.

If you want to have a powerful impact with real estate but lack the resources to do it, this episode is for you. Terrica provides the blueprint for delivering affordable housing to your community at a profit. She also shares the best ways to bring value to a real estate investing partnership, how to get bank financing for large developments, and why cultivating the right mindset is so crucial to your success as an investor!

In This Episode We Cover:

Solving the affordable housing crisis in your community (and how to make a profit)

Why you should get into real estate even if you’re starting from ZERO

Building an impenetrable mindset for real estate investing

How to bring value to a real estate partnership (beyond capital)

How to get bank financing for new development projects

FREE resources to fast-track your real estate journey

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

Expand Your Investing Knowledge With the BiggerPockets Books

Catch Henry on the "On the Market" Podcast

The Beginner’s Guide to Real Estate Development (with LOW Money Down!)

Institutional Investors are Buying Up Affordable Housing in Droves—Are They on to Something?

Connect with Terrica

Terrica's BiggerPockets Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-883

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

882: Seeing Greene: How Do I Start Investing When There’s NO Cash Flow? Jan 30, 2024

A few years ago, everyone was wondering how to start investing in real estate, but now the question has switched to “Is it too late?” If you’re stuck on the sidelines but want to get into the real estate investing game, this Seeing Greene is for you.

The man of the people is back for another Seeing Greene-style show! This time, David is answering questions from new investors, experienced investors, and everyone in between. First, we’ll hear from an investor who’s wondering about the value of a low mortgage rate, especially when buying a new build. Is a lower rate worth a higher price? Then, David tells you how to convert your home equity into a new investment property and what you MUST know before getting into commercial real estate. A college student wants to know how to use his $20K savings, and a “late starter” searches for cash flow in a market that’s dry as a desert!

In This Episode We Cover:

What to do with $20,000 if you want to start investing in real estate

How to create cash flow when rental properties DON’T profit in your market

Using your home equity to invest in BIG properties (commercial real estate investing 101)

Why a low mortgage rate ISN’T everything and other factors you MUST check before you buy a deal

The tricky mortgages you MUST look over BEFORE you sign (you could be surprised!)

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

Expand Your Investing Knowledge With the BiggerPockets Books

Ep 869: Why NOW is The Time to Buy a House (BEFORE Rates Go Down)

How to Start a Real Estate Portfolio with Just $10K

Books Mentioned in This Show

Pillars of Wealth by David Greene

Long-Distance Real Estate Investing by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-882

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

881: How to Use Home Equity, 401(k)s, or IRAs to Invest in Real Estate w/Kyle Mast Jan 29, 2024

Got home equity? Great, because today we’re showing you how to use home equity to invest in real estate, even if you’re low on cash. But maybe you’re still saving up to buy your first property. Well, we’ve got you covered; we’re also sharing the TOP ways to use your retirement accounts—your Roth IRA or 401(k)—to invest faster than ever before and even lock down your first property in 2024!

Joining the show is Kyle Mast, fellow real estate investor and CFP, to talk about all the ways you can invest in real estate that you didn’t even know about. And if you’re like many Americans, you’ve got home equity just sitting there, waiting to be used, so today, we’re walking through how to unlock it so you can build wealth faster, retire earlier, or renovate that rental you just bought!

Kyle goes over the multiple ways to finance these investments using a home equity line of credit (HELOC) or retirement accounts like Roth IRAs and 401(k)s, the special program new homebuyers can use to get their first house faster, and why you DON’T want to cash-out refinance your property just yet. Ready to start? Let’s get into it!

In This Episode We Cover

How to use home equity or retirement accounts to invest in real estate

Cash-out refinances vs. HELOCs and the EASY choice in today’s high-rate environment

How to qualify for a HELOC and whether you can get one on your rental property

The 401(k) loan where YOU act as the bank and what to watch for BEFORE you get one

The first-time homebuyer cheat code that lets you access retirement funds with NO penalty

How to make COMPLETELY passive income by “lending” your home equity

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-881

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

880: How to Get a Home Loan as a House Hacker, Investor, or First-Time Homebuyer w/David Mackin Jan 26, 2024

If you want to start investing in real estate, you’ll need to know how to get a mortgage. But with so many home loans available, which is the right one to pick? Do you go FHA or conventional? Do you work with your local bank or call a broker? How much can you even afford? These questions alone might put you into analysis paralysis, so today, we’re breaking down what it takes to get a home loan, how much YOU can qualify for, and the best real estate investment for beginners.

To demystify the home loan process is David Mackin—the third David in today’s episode—mortgage broker, house hacker, and home loan expert. He knows what you need to qualify for a mortgage in 2024 because he qualifies buyers all day long. David shares how YOU can determine how much home you can afford, why you’re getting different mortgage rates from different lenders, and how to find cash flow in your market by reverse engineering your real estate calculations.

And, if you’re looking for the easiest, lowest cost, and arguably best way to get into real estate in 2024, this episode is for you. We’ll break down why house hacking has become the new norm and why skipping out on it can cost you BIG in your real estate investing journey.

In This Episode We Cover:

The simple calculation to estimate how much home you can afford in 2024

Getting pre-approved for a mortgage and why credit score ISN’T as crucial as you think

The danger behind getting a low mortgage rate and signs that your lender isn’t experienced

Debt-to-income (DTI) and two factors that can throw your home loan completely off track

Why house hacking is the BEST way to start investing in real estate (especially with high home prices)

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

Expand Your Investing Knowledge With the BiggerPockets Books

Join the BiggerPockets Virtual Summit

Check Out Dave On the “On the Market” Podcast

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

Books Mentioned in This Show

Pillars of Wealth by David Greene

Start with Strategy with Dave Meyer

Connect with David Mackin

David's LinkedIn

David's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-880

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

879: How to Buy a House in 2024 Jan 25, 2024

You asked, and we answered. Here’s our step-by-step guide on how to buy a house in 2024. Whether you’re looking for a first primary residence, rental property, house hack, or short-term rental, these are the EXACT steps you’ll have to follow to buy a house. But before you can even think about buying, you’ll need to ensure you CAN buy in today’s housing market. Ready to start? Let’s hop in!

Here to show you how to buy a house are David Greene and Rob Abasolo, two expert real estate investors who have bought dozens of homes each. Now a real estate agent and mortgage broker, David knows the ins and outs of the industry and can give you insider knowledge on what most buyers, sellers, and agents don’t know (but wish they did). Rob has bought throughout the nation and has turned multiple primary residences into rentals, so he knows both processes like the back of his hand.

Let’s make 2024 the year YOU buy your first property. Stick around because we’re going to walk through the six beginner steps to buying a house, the HUGE home inspection red flags you MUST watch out for, and how to get your money back if a deal turns into a dud!

In This Episode We Cover

The step-by-step homebuying process explained

Pre-approvals vs. pre-qualifications and why mixing these up will cost you

The surefire ways to get your offer accepted EVEN in a hot market

One initial sign of a BAD agent (and when to move on to a better one)

The home inspection red flags that could KILL your real estate deal

How to get your earnest money back if the property isn’t worth the money

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-879

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

878: The Low-Risk “Micro-Flips” ANY Beginner Investor Should Try w/Antoine Martel Jan 24, 2024

Antoine Martel has a secret to finding the best real estate markets around, and here’s the thing—ANYONE can repeat his process. After flipping over SIX HUNDRED houses and building a BIG real estate portfolio, he knows a thing or two about where to buy, which markets make the most sense, and what type of house is worth the risk. That’s why, instead of doing multimillion-dollar luxury flips, Antoine decided to do “micro-flips” in affordable markets, with a staggering rate of success.

What is "micro-flipping?" If you’re a beginner investor like Antoine, starting out with only $40,000, buying in the big cities won’t work. So, instead, Antoine found the real estate markets with low prices, high demand, and LOTS of deals so he could get his money back faster and keep repeating the system. These low-risk “micro-flips” all-in often cost less than a down payment, but they can give beginner investors the snowball effect they need to start building wealth.

Shortly after seeing massive success with his “micro-flips,” Antoine ran out of deals and decided to move into more markets. From there, he developed a detailed system that ANYONE can copy to pinpoint America's BEST real estate investing markets. And if you stick around, you’ll learn how to do it, too!

In This Episode We Cover

How to find the best real estate markets in the country, just like Antoine

The “micro-flipping” strategy that beginner investors can use to start building wealth WITHOUT a big investment

How to use the BRRRR method to turn one property into an entire passive income portfolio

How to “test” your long-distance real estate investing market and ensure it’ll be worth investing in

The home renovation budget “sweet spot” that has ninety-six percent accuracy on ANY flip or BRRRR

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-878

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

877: Seeing Greene: DON’T Pay Off Your HELOC Until You Hear This... Jan 23, 2024

Got a HELOC? Don’t pay it off…yet! Thinking of house hacking but are discouraged by the low cash flow numbers you’re getting back? Looking to invest in a high property tax state like Texas but are scared to swallow that big expense? All of these topics, and many more, are coming up on this episode of Seeing Greene!

David is back to answer YOUR real estate investing questions with his partner in crime, Rob Abasolo. Today, these two investing experts are going to tackle topics like whether or not to buy a house hack that DOESN’T pay for itself, how to account for the HIGH property taxes in hot real estate markets, whether to keep a property you love or sell it for its huge home equity, how to NEVER work again and the fifteen vs. thirty-year mortgage debate, plus when you should NOT pay off your HELOC (home equity line of credit) early.

In This Episode We Cover:

The problem with house hacking in 2024 and whether or not it’s still worth it

When you SHOULDN’T pay off your HELOC (home equity line of credit) early

Whether to keep, sell, or 1031-exchange a stable rental property you love

The bright side of paying high property taxes for your rentals

How to NEVER WORK AGAIN in fifteen years by following this one strategy

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

Expand Your Investing Knowledge With the BiggerPockets Books

Episode 840: Seeing Greene: Rehab Costs, Renting vs. Owning, and The END of Real Estate?

Books Mentioned in the Show

Pillars of Wealth by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-877

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

876: Huge Opportunity for New Multifamily Investors As Prices Set to Drop w/Brian Burke and Matt Faircloth Jan 22, 2024

Multifamily real estate has crashed, but we’re not at the bottom yet. With more debt coming due, expenses rising, incomes falling, and owners feeling desperate, there’s only so much longer that these high multifamily prices can last. Over the past year, expert multifamily investors like Brian Burke and Matt Faircloth have been sitting and waiting for a worthwhile deal to pop up, but after analyzing hundreds of properties, NOTHING would work. How bad IS the multifamily market right now?

Brian and Matt are back on the podcast to give their take on the multifamily real estate market. Brian sees a “day of reckoning” coming for multifamily owners as low-interest debt comes due, banks get desperate to be paid, and investors run out of patience. On the other hand, Matt is a bit more optimistic but still thinks price cuts are coming as inexperienced and overconfident investors get pushed out of the market. So, how does this information help you build wealth?

In this episode, Brian and Matt share the state of the 2024 multifamily market, explain exactly what they’ve been doing to find deals, and give their strategy for THIS year that you can copy to scoop up real estate deals at a steep discount. Wealth is built in the bad markets, so don’t skip out on this one!

In This Episode We Cover:

The state of multifamily real estate in 2024 and how low prices could go

A “day of reckoning” coming for inexperienced/overleveraged multifamily owners

Whether or not we’ve reached the bottom for multifamily price drops

What rookie real estate investors should do NOW to take advantage of this down market

Rising mortgage rates and how increased costs have KILLED many multifamily deals

Exactly what Brian and Matt are investing in during 2024 to make money no matter how the market moves

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

Expand Your Investing Knowledge With the BiggerPockets Books

Join the BiggerPockets Virtual Summit

Check Out Dave On the “On the Market” Podcast

Top Multifamily Investors’ Advice for Buyers in 2023? DON’T Do It

Books Mentioned in the Show

Raising Private Capital by Matt Faircloth

The Hands-Off Investor by Brian Burke

Connect with Matt:

Connect with Brian:

Brian's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-876

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

875: BiggerNews: Top “Snowbird” Rental Markets with Year-Round Cash Flow w/Kristen Taylor Jan 19, 2024

Snowbird season is coming to THESE real estate markets. Every winter, millions of freezing northerners go south, seeking a temporary escape from the cold and to dethaw themselves before returning in spring. And while you may think that most of these destinations are expensive cities, like Miami, there are some cheaper areas that make not only perfect snowbird rental markets, but profitable year-round short-term rental markets as well.

On this BiggerNews, Vacasa’s Kristen Taylor joins us to give her take on the markets with the most demand and the once-popular markets starting to see declines, including a top-rated tourist destination you wouldn’t expect. Kristen shares updated numbers on how long snowbird season lasts, how the typical snowbird is changing, and why snowbird markets can be MUCH more affordable than year-round vacation destinations.

And if you’ve got equity in one of YOUR properties that you’d like to turn into snowbird rental property, stick around until the end. This episode’s Seeing Greene segment will answer the age-old question: what do I do with all my home equity?

In This Episode We Cover:

Snowbird season explained, how long it lasts, and who’s flying south

The top snowbird markets in America (and why some are MUCH cheaper than you’d expect)

Snowbird markets to stay away from that are seeing declining vacation populations

Combining medium-term and short-term stays to make money the entire YEAR (unlike many short-term rentals)

What to do with a property with a LOT of home equity: sell, get a HELOC, refinance, or keep it?

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

Expand Your Investing Knowledge With the BiggerPockets Books

Join the BiggerPockets Virtual Summit

Check Out Dave On the “On the Market” Podcast

8 best Florida snowbird destinations

Book Mentioned in the Show

Start with Strategy by Dave Meyer

Long-Distance Real Estate Investing by David Greene

Connect with Kristen

Kristen's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-875

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

874: How to Invest in Real Estate in 2024 (Step-by-Step) Jan 18, 2024

If you want to know how to invest in real estate, you’re in the right place. Today, we’re going to break down the nine beginner steps to getting your first or next rental property so you can start building wealth, make passive income, and get closer to financial freedom. And while it may SEEM like real estate investing is tough in 2024 with high mortgage rates and scarce housing inventory, lower competition could make getting your next deal easier than you think. Ready to start?

Dave Meyer, BiggerPockets' VP of Data and Analytics and host of On the Market, has used these beginner steps to reach financial independence, grow a sizable real estate portfolio, and have enough passive income to do what he wants when he wants. If you want to be in Dave’s position in the next five or ten years, you can follow his strategy STEP-BY-STEP to reach your real estate goals, start building wealth, and finally achieve financial freedom.

Get access to exclusive real estate investing calculators, lease agreements, bootcamps, and more with BiggerPockets Pro, and use code “NEWYEAR2024” for a special discount!

In This Episode We Cover:

How to start investing in real estate in 2024 and buy your FIRST rental property

Why New Year's resolutions DON’T work (swap them for THIS instead)

The BIG advantage to investing in 2024, even with high rates and low inventory

How to set your five-year, one-year, and quarterly goals for passive income and investing

The “LAPS” funnel that brings you unlimited real estate deals

How to analyze a rental property in MINUTES with the BiggerPockets Rental Property Calculator

The one tool EVERY investor needs to start building wealth with 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

Expand Your Investing Knowledge With the BiggerPockets Books

Investment Properties for Sale

Book Mentioned in the Show

Start with Strategy by Dave Meyer

Connect with Dave

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-874

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

873: Replacing Her HUGE W2 Salary in Just 3 Years w/ "Negative" Equity Rentals w/Kate Lynch Jan 17, 2024

How much passive income would you need to quit your job? How many rental properties would you have to buy? Most real estate investors think they’d need twenty, thirty, fifty, or a hundred units to finally retire with a six-figure passive income stream, but that could take decades to achieve. So, how do you do it faster? How do you build massive passive income, monstrous cash flow, and find financial independence fast? Follow Kate Lynch’s advice.

Three years ago, Kate was working…a LOT. Seventy-hour work weeks were the norm as she left the house before sunrise and returned well past sunset. Her family time was non-existent, moments with her kids were only reserved for the weekends, and her job controlled every aspect of her life. And while she was getting compensated fairly for the work she was putting in, watching her family time fly by was too much of a burden to bear. So, a rental property portfolio became the goal.

Kate bought in a completely unconventional area for her strategy, focusing entirely on cash flow, not caring much about equity, and doing whatever she could to replace her outrageous W2 income. Now, just three years later, she’s financially free, and if you follow her steps and only make a THIRD of what she’s making, you will be too!

In This Episode We Cover:

How to get off the “hamster wheel” of working a W2 job and find financial freedom

Using your retirement funds to invest in real estate (and whether or not it’s worth it)

The unconventional short-term rental markets that make HUGE cash flow

Buying homes with “negative equity” and how they can make you massive passive income

Long-term vs. short-term rentals and whether the extra cash flow is worth more work

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

Expand Your Investing Knowledge With the BiggerPockets Books

See How Much You Can Earn on Airbnb

Ask Your Seeing Greene Question

10 Deals on a $20K Waitress Salary w/Ashley Hamilton

Connect with Kate

Kate's BiggerPockets Profile

Kate's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-873

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

872: How to Turn Your Primary Residence into a Rental Property Jan 15, 2024

So, you want to know how to rent your house out. Maybe you’re upsizing or downsizing, moving away for work, or just want to buy another primary residence and take advantage of low-money down loans. Whatever your reason, renting out your primary home can be a phenomenal way to get into the real estate investing game. You’ll make passive income, all while holding on to the equity in your home and appreciation potential. So, how do you start?

David, Henry, and Rob are all on the show today to give you a step-by-step guide to turning your primary residence into a rental property. Hundreds of properties have been owned between these three investing experts, and all of them have turned their primary residences into rental properties multiple times. But before you rent out your home, you’ll need to know if your home is even rentable.

We’ll tell you exactly what you need to know to decide whether or not your home would make a good rental, how to make the most money possible off your home with affordable finishes, added amenities, and upgrades, how to decrease your liability and keep your property safe, insuring your rental, screening tenants, collecting rent, and more. If you’re a beginner landlord or are renting out your home for the first time, you CANNOT miss this.

In This Episode We Cover:

How to convert your primary residence into a rental property

How to know whether or not your home would even make a profitable rental

Areas to invest in and what potential renters will look for

Long-term vs. short-term rental investing and how to know which works best for your home

Affordable finishes and amenities you can add to rent out your home for more

What you MUST fix in your home to keep your liability as low as possible

Landlord insurance and the one added policy you (probably) should get

How to screen tenants, collect rent, and get substantial tax benefits

Whether to invest in out-of-state rentals or buy property in your backyard

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

Expand Your Investing Knowledge With the BiggerPockets Books

Check Out the BiggerPockets Blog Posts for Beginners

FIRE by 27 Using the “Chick-Fil-A Rule” of Real Estate

How To Rent Your House: A Step-By-Step Guide

Use RentRedi to Screen Tenants, Collect Rent, and More

Book Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-872

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

871: BiggerNews: Why the Crash Predictors Are Wrong About a Foreclosure “Crisis” w/Rick Sharga Jan 12, 2024

Everyone keeps talking about an incoming surge of home foreclosures. Over the past few years, online crash predictors shouted from the rooftops about how another foreclosure crisis is always on the way, and we’re only months from a full-on meltdown. How much of this is true, and how much of it is pure clickbait? We’ve got Rick Sharga, Founder and CEO of CJ Patrick Company, one of the world’s leading housing market intelligence and advisory firms, on the show to tell us what the data points to.

Ever since the pause on foreclosures during the pandemic, homeowners have been getting win after win. They were able to save up plenty of cash, their home values skyrocketed, and they could refinance at the lowest mortgage rates on record. Now, with high rates, still high home prices, and steady demand, homeowners have most of the power, EVEN if they’re behind on payments. But, as the economy starts to soften, could the tapped-out consumer finally force some homeowners to default on their loans?

In this BiggerNews episode, Rick will give us all the details on today’s current foreclosure landscape, walk us through the three levels of foreclosures, give his 2024 foreclosure prediction, and share the economic indicators to watch that could signal a coming foreclosure crisis.

In This Episode We Cover:

A 2024 update on foreclosure rates, defaults, and Rick’s foreclosure forecast for next year

The three levels of foreclosure and why most homes WON’T ever be defaulted on

Rising consumer debt and what happens as more Americans default on their credit card and auto loans

Housing supply and whether or not a foreclosure crisis could finally give us some inventory

Economic indicators to watch that could signal a rise in foreclosures

How to use your home equity to invest in real estate (WITHOUT putting yourself at too much risk!)

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

Expand Your Investing Knowledge With the BiggerPockets Books

Catch Dave on the “On the Market” Podcast

Books Mentioned in the Show

Start with Strategy by Dave Meyer

Pillars of Wealth by David Greene

The One Thing by Gary Keller

Connect with Rick:

Rick's LinkedIn

Rick's X/Twitter

Rick's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-871

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

870: The Real Estate “Strategy” ANYONE Can Use to Build Wealth in 2024 Jan 10, 2024

If you want to build wealth through real estate, you’ll need a real estate “strategy.” Most people THINK that just buying rental properties or flipping houses is enough, but the experts know that’s far from the truth. If you REALLY want to get rich, find financial freedom, live life on your terms, and own your time, you’ll have to copy what the wealthy do and build a real estate investing strategy that fits YOUR life and YOUR goals. Here’s how you do it!

In today’s show, Dave Meyer, BiggerPockets VP of Data and Analytics and author of Start with Strategy, shares how YOU can build wealth in 2024 without a big portfolio or any investing experience. Even if you’re a complete beginner, Dave will walk you through how to create an investing strategy specific to you, a “portfolio plan” that’ll explode your wealth, and a “deal design” that helps you lock in on the perfect properties for your portfolio.

If you want to build wealth in 2024, pick up Start with Strategy and use code “START870” at checkout to get 10% off PLUS pre-order bonus content!

In This Episode We Cover:

How to create your wealth-building real estate investing strategy for 2024

The “portfolio plan” and why you MUST build a portfolio, not just buy properties

Creating your “vision” for a life you’d love to live, funded by real estate investments

The “deal design” that’ll help you find the BEST properties for your portfolio

How to make more money with fewer rentals using “portfolio management”

Dave’s personal 2024 investing strategy he’ll be using to build wealth THIS year

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

Expand Your Investing Knowledge With the BiggerPockets Books

Grab Your Copy of “Start with Strategy” and Use Code “START870” for a 10% Discount

Books Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Pillars of Wealth by David Greene

Connect with Dave:

Catch Dave on the “On the Market” Podcast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-870

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

869: Why NOW is The Time to Buy a House (BEFORE Rates Go Down) w/Avery Carl and Caeli Ridge Jan 08, 2024

If you’ve been thinking about buying a house in 2024, you already may be too late. With mortgage rates dropping, listings increasing, and spring buying season only a short couple of months away, NOW is the time to act before bidding wars start up again. With so much pent-up buyer demand, agents and lenders are already seeing a spike in activity, and we haven’t even gotten to spring. So, if you want to know how to buy a house in 2024, even with fierce competition, we’re here to help.

Avery Carl, short-term rental expert and agent, and Caeli Ridge, President at Ridge Lending Group, join us to talk about what they’re seeing in the market NOW, what their housing market predictions are as buying season heats back up, and whether or not now is even the time to buy. Both Avery and Caeli work heavily with investors, so they know what does and doesn’t work when buying a rental property, NOT just a primary residence.

We’ll touch on the hottest markets that could see the most competition, why rookie investors need to snap out of analysis paralysis to win in 2024, and why this buying season could become red-hot in just a few months. Plus, David and Rob will answer a listener’s question about how to win in a competitive market without having the highest bid.

In This Episode We Cover:

“Buying season” and why spring 2024 could bring back the hot housing market

Most active real estate markets that are seeing inventory fly off the MLS

Why mortgage rates are NOT as important as you think they are

The “great stalemate” and what could cause homeowners to finally list their houses

Whether to buy or wait and the risk of holding out for lower mortgage rates

How to beat other buyers when bidding for investment properties

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

Expand Your Investing Knowledge With the BiggerPockets Books

Ask David Your Seeing Greene Question

5 Steps to Get ANY Home Offer Accepted (WITHOUT Being the Highest Bidder)

Why Investors Are Giving Up Their “Golden 4% Interest Rates” w/Caeli Ridge

Federal Housing Finance Agency

Connect with Avery and Caeli:

Caeli's BiggerPockets Profile

Caeli's Instagram

Caeli's LinkedIn

Caeli's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-869

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

868: Buying Rental Properties for $0 Down, 0% Interest the Creative Way w/Dedric and Krystal Polite Jan 05, 2024

One couple is building MASSIVE passive income and generational wealth by buying rental properties for zero dollars out of pocket, sometimes with zero percent interest rates. It sounds too good to be true, doesn’t it? Well, if you’re willing to get a bit creative, you too can build a real estate portfolio that will lead you to hundreds of thousands of dollars a year in passive income, even if you start with little money or experience.

Dedric and Krystal Polite are wholesalers, buy and hold rental investors, house flippers, business builders, and, most importantly, husband and wife. After reading the personal finance classic Rich Dad Poor Dad, Dedric had a vision to become rich. It wasn’t until Krystal came into his life that he finally took the steps to realize that dream. Now, they own a massive income property portfolio and host A&E’s 50/50 Flip.

In today’s episode, you’ll hear how Dedric and Krystal started with no money, no passive income, and no business knowledge, how they built up their first wholesaling business, how they transitioned into rentals, and the new business they’re investing in that could make them millions. Plus, they give some solid tips on how to invest with a spouse and the question you MUST ask your partner now to make sure they’re willing to build wealth with you.

In This Episode We Cover:

The no-money-down, zero-interest creative financing you can use to buy rentals TODAY

Building multiple streams of income and why you CAN’T just wholesale and flip houses

Investing in small businesses and building a $500K/year passive income stream

The real key to creating multigenerational wealth that’ll actually last

How to know whether or not you should invest with a partner or spouse

When you should (and definitely shouldn’t) use private money on your deals

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

Expand Your Investing Knowledge With the BiggerPockets Books

Hear Henry On the “On the Market” Podcast

Dedric's BiggerPockets Profile

Watch “50/50 Flip"

Connect with Dedric and Krystal:

Dedric and Krystal's Facebook

Dedric and Krystal's Instagram

Dedric's LinkedIn

Dedric and Krystal's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-868

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

867: Zillow and Redfin Top Economists Give Their 2024 Housing Market Predictions Jan 03, 2024

With doomsday headlines and lagging consumer confidence, how should you proceed in 2024? Time to get the advice of TWO senior economists! BiggerPockets’ Dave Meyer talks with ZILLOW’s Orphe Divounguy and REDFIN’s Chen Zhao to demystify the latest US economic indicators and provide you with strategies to thrive in this year’s housing market.

We’ll get into home prices, the incoming “affordability correction,” mortgage rate forecasts, and why next year could be significantly better for buyers. But that’s not all. Both Chen and Orphe share their outlook for the 2024 economy, the state of the American consumer, and what could happen as student loans kick back in, credit card delinquencies increase, and cash reserves run dry.

Finally, we’ll end things with Chen and Orphe’s list of real estate markets to watch and the pricey areas that may see a revitalized post-pandemic boom. If you want to know what to expect, where to invest, and if the hot housing market will return in 2024, stick around!

In This Episode We Cover:

Redfin and Zillow’s 2024 housing market predictions

The “weakening” American consumer and what this means for homebuying

2024 mortgage rates, “disinflation,” and where we could end up next December

The “affordability correction” that could help home buyers get their first house

Riskiest real estate markets in America that could see HUGE price cuts

Affordable markets to watch that have had rock-solid home prices

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Hear Dave on The “On The Market” Podcast Wherever You Listen to Podcasts

Hear Past “On the Market” Episodes with Chen and Orphe:

On The Market 151 with Chen

On The Market 150 Orphe (Ep. 1)

On The Market Orphe (Ep. 2)

2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities

Connect with Orphe:

Orphe's LinkedIn

Orphe's Research

Tune into “Everyday Economics” with Orphe

Connect with Chen:

Economists Corner

Chen’s LinkedIn

Chen's Research

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-867

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

866: Do College Football Towns Make the BEST Real Estate Investing Markets? Jan 02, 2024

What makes a good real estate market? A stable or growing population, large employers nearby, tourism, and, as a bonus, college-educated residents. Put those all together, and you’ve just stumbled upon your next great real estate investing area: college football towns! After digging into the data, the On the Market panel discovered that many top college football markets aren’t just great for partying and tailgating; they’re also undeniably promising property markets!

On today’s episode, Dave, Henry, James, and Kathy will uncover four of the BEST college football markets in the nation and share which ones they personally would invest in. Looking for cash flow? We’ve got a couple of markets. What about long-term appreciation? We have those, too! We even have one STRONG college football market that has seen prices drop off over the past two years, with HUGE potential for rising prices in the near future.

If you’ve been waiting to buy your first or next rental property but don’t know where to invest and which metrics to watch, this is THE episode to listen to. The On the Market panel will explain exactly how they analyze each market, which ones make sense for which investor, and why you’ll want to score a deal in these cities before it’s too late!

In This Episode We Cover:

The four best real estate markets for cash flow, appreciation, and football

One expensive market with amazing house flipping profits and NO income tax

The boomtown market that's seeing BIG price drops but has massive appreciation potential

Two cash flow real estate markets with low home prices and strong populations

The metrics expert investors look at before they invest in ANY real estate market

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Investing in College Rental Property — Step-by-Step

The 8 Best Housing Markets in The US For Low Prices and High Cash Flow

Austin Price Decline Forecast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-866

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

865: Debunking the Housing Market: Why 86% of Americans Are Wrong About Real Estate Jan 01, 2024

Most Americans believe that buying a house is a BAD idea right now. With so much hate on the housing market from everyday people, why are expert investors buying more than ever? Do they know something that we don’t? Or is it just because they have more money and experience than the rookie real estate investor or first-time home buyer? Nope, it’s even more simple than that!

We rounded up four housing market experts who actively invest to get their takes on the 2024 housing market. David Greene, expert investor; Rob Abasolo, the king of short-term rentals; Dave Meyer, host of On the Market, and Henry Washington, house flipper and buy and hold investor, are here to give us their takes on whether buying a home could a be good, bad, or ugly decision this year.

The experts also review top surveys that highlight consumer, home buyer, and investor sentiment, plus what they think the best move to make in 2024 is. Take it from four investors who have built considerable wealth through real estate; following the masses isn’t always your best bet.

In This Episode We Cover:

Why most Americans think now is a BAD time to buy real estate

Rock-bottom consumer sentiment, rising credit card debt, and more 2024 economic headwinds

The split investor survey that shows why SO many investors are on the fence

The effects of falling mortgage rates and whether or not now is a good time to sell

Who should NOT be investing in real estate right now (or ever)

The 2024 investing moves that could make you rich in the long-run

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

Expand Your Investing Knowledge With the BiggerPockets Books

Is Buying a Bad Decision?

Real Estate Investing For Beginners: How To Get Started

Fannie Mae National Housing Survey

University of Michigan Consumer Sentiment

Fall 2023 RCN Investor Sentiment Survey

Connect with Dave:

Connect with Henry:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-865

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

864: Seeing Greene: How to Make Even MORE Cash Flow Off Your Rental Properties Dec 29, 2023

Want to make multiple streams of income? Well, guess what? You DON’T need to buy more properties to do it. Instead, you can turn an existing rental property into a cash cow…but it has to meet the right qualifications. This is precisely what today’s first guest, Stacie, is looking for. She’s got multiple properties, and some have enough land to add a second rental property. But is doing development worth the high cash flow?

Welcome back to Seeing Greene, where David and Rob answer real estate questions from BiggerPockets listeners just like you! First, we’ll talk to Stacie about her buy vs. build dilemma, and which makes MUCH more sense in today’s market. Then, an investor struggling to save up down payments asks what he should do: save, invest elsewhere, or pay down his mortgages. Finally, David gives some swift advice on using a home equity “agreement” and how to make the MOST money on your house hack.

In This Episode We Cover:

How to turn one rental property into multiple streams of income

Building an ADU (accessory dwelling unit) and how much one can make

Whether to save, invest, or pay down your mortgage with your cash flow

Home equity “agreements” and whether they’re worth the risk in 2024

The ONE thing David looks for in ANY house hack that’ll turn it into a cash cow

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

Expand Your Investing Knowledge With the BiggerPockets Books

BiggerPockets Podcast 840

BiggerPockets Podcatst 853

Is it Better to Build New or Renovate Existing Homes as an Investor?

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-864

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

863: Commercial Real Estate: The “Buy Box” for Buying BIG Properties w/Kim Hopkins Dec 27, 2023

For the past year, commercial real estate has been the disappointing big brother of rental properties. As housing prices went up, commercial real estate prices went down. When primary mortgage rates were high, commercial mortgage rates were even higher. With record-setting vacancy rates in areas like office and less reliance on retail, many investors thought that commercial real estate was a dying asset class. But they weren’t entirely correct.

Investors like Kim Hopkins had thriving commercial real estate success, EVEN during lockdowns and the pandemic. Kim’s secret sauce to her high cash-flow commercial real estate portfolio wasn’t in getting lucky—it was all in her “buy box.” Kim ONLY buys properties that can’t get shut down, in markets where they’ll thrive, with tons of customers nearby. And today, she’s sharing her exact formula with us!

But that’s not all. Kim is currently debating doing one more deal before the year is up. This property looked like a home run on paper, but as she’s dug deep into it, the property may not be worth the price. From plumbing issues to overinflated income numbers, Kim uses David and Rob as coaches to help her decide whether this deal is worth doing.

In This Episode We Cover:

Kim’s commercial real estate investing “buy box” she uses to purchase profitable properties

Cap rates explained and why you MUST get this right when buying big properties

The inflated “pro forma” numbers brokers will try to convince you of (don’t follow these!)

The types of commercial properties that are lockdown-resistant and always stay open

The significant risks for commercial real estate in 2024 and two businesses you should NEVER rent to

A live deal deep dive with a current deal Kim is debating on buying

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

Expand Your Investing Knowledge With the BiggerPockets Books

How to Get Into Commercial Real Estate Investing (For Beginners)

Pro Forma In Real Estate: What Is It?

How To Calculate Cap Rate For Investment Properties

Connect with Kim:

Kim's Email

Kim's Instagram

Kim's LinkedIn

Kim's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-863

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

862: From Sleeping on a Dirt Floor to Making $80K/Month (in 2 Years!) | ENCORE EPISODE Dec 25, 2023

Happy holidays, BiggerPockets listeners. You've all been good this year, so instead of a lump of coal, you're getting a special episode delivered on the most merry day of the year. We'll be sharing Yamundow Camara's unbelievable journey from dirt-poor poverty to INCREDIBLE passive income, even against all odds. If you're unsatisfied with your holiday gifts this season, listen to this episode—it may change your ENTIRE outlook on life and give you something to be extra grateful for today!

______

How do you go from absolute poverty to passive income in a short amount of time? What if you were raised on the other side of the world, where even a basic education had to be fought for, and every opportunity was a constant struggle? This is the real story of Yamundow Camara, who went from sleeping on a dirt floor in a small village of Gambia to making a million dollars per year thanks to real estate.

Yamundow grew up in an environment foreign to many of us. When her parents passed away in her youth, she was forced to live with relatives that treated her as a nuisance, not someone worth nurturing. She slept on the floor of her family’s home and was sometimes lucky enough to have a cardboard box as a mattress. She was set to be wed in her early teenage years, but thanks to her drive, determination, and pleading of her aunts, Yamundow was given a chance to go to high school and college and later immigrate to the US.

From there, Yamundow put success as her sole focus. She not only academically overachieved, but was able to do an INCREDIBLE amount of investing with almost no money, no credit score, and no experience in the industry. She now sits on over thirty rental units, with a monthly income that rivals most Americans’ yearly salaries. Yamundow has one of the most incredible stories we’ve ever shared on the podcast, and you’ll have to tune in to hear her unimaginable path to success.

In This Episode We Cover:

How Yamundow went from complete poverty to making $80,000 in cash flow a month

Putting education first and the true value of hard work and perseverance

Investing with NO credit score and VERY little money and how to find banks that will lend to you

Working two jobs and why increasing your income is ESSENTIAL to building wealth

Out-of-state real estate investing and what to do when your local market is too expensive

How to find (and keep) quality contractors, property managers, and other team members

Using the BiggerPockets Rental Property Calculators to make sure a deal is worth doing

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 Rental Property Calculator on Your Next Deal

3 Ways to Invest in Real Estate With Little to No Credit

From Extreme Poverty to DIY Wealth and 2 Full-Time Incomes

Book Mentioned in the Show:

BRRRR by David Greene

Long-Distance Real Estate Investing by David Greene

SCALE by David Greene

Connect with Yamundow:

Yamundow's BiggerPockets Profile

Yamundow's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-862

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

861: The Key to Scoring Discounted Deals in One of America’s Hottest Markets Dec 22, 2023

Remy was looking for rental properties in one of America’s hottest housing markets. He knew picking up one rental property, let alone a multifamily, wouldn’t be cheap. But, somehow, even as a newcomer to the area, Remy was able to buy a rental property at a deep discount. He got three rental units for the price of two in a market with loads of investors and immense competition. How did he do it? We’re about to share the secret.

In this episode of the BiggerPockets Real Estate podcast, we’re talking to out-of-state investor Remy, as well as Kim Meredith-Hampton, long-time real estate investor and Remy’s agent! Kim operates both in Tampa and Orlando, Florida, serving investor clients looking to buy in a state that has seen immense population growth. Seeking to take advantage of strong demographic trends, Remy picked Kim as his go-to Florida agent, and the rest is history.

Remy and Kim will talk through the three-for-the-price-of-two deal they picked up in the very competitive Florida market and how they were able to get the deal done EVEN when financing fell through, LLC problems came up, and a hurricane froze the Florida state government. You’ll also hear about the final numbers of the deal and why Remy ISN’T counting on big cash flow BUT will make his riches another way from the rentals.

In This Episode We Cover:

Why so many Americans are flocking to the Florida housing market (and how to take advantage)

Building your “buy box” and how to know what a great deal looks like

Low cash flow and why banking on passive income ISN’T always a wise move

Why you should ALWAYS look for rental properties that come BACK on the market

Financing troubles and how Remy dealt with numerous housing hiccups

Why waiting to invest will cost you and how to get started today!

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

Explosive Growth Could Be in Store for These Two Real Estate Markets w/Kim Meredith-Hampton

Florida Overtakes New York as Second-Biggest US Housing Market

Book Mentioned in the Show:

Pillars of Wealth by David Greene

Connect with Kim:

Kim's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-861

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

860: How I Made $50K in 6 Weeks in an “Extremely Competitive” Market Dec 20, 2023

Do you want to make $50,000 in six weeks? Even in this housing market, it’s more than possible. You might think we’re bluffing; with high mortgage rates, little-to-no inventory, and buyer demand down from its peak, most real estate investors believe the market is a graveyard, but they’re wrong. In today’s show, we talk to Mike Cappello, who has been doing a few quick house flips and making an unbelievable return.

But that’s not all. We’ll also talk to the agent who found the deal, Rob Chevez, about what’s making the most money in the “extremely competitive” market of Washington, D.C. The duo will discuss why D.C. is such a solid market to buy, hold, or flip in, the “buy box” they designed to find the most profitable house flips, and how they’re financing deals EVEN with today’s sky-high interest rates.

We’ll also get into the nitty gritty of Mike’s latest deal, the one that could make him $50,000 in just six weeks, and the exact steps to follow if YOU want to do a deal like this in your market. The real estate deals are here; stick around to learn how to find ‘em!

In This Episode We Cover

How to make $50,000 in just six weeks by doing quick, cosmetic house flips

The effect of high mortgage rates on investors and why there is still PLENTY of demand for properties

Building your “buy box” so you can land a killer deal as soon as it comes across your desk

The pros and cons of investing in a super competitive housing market like Washington, D.C.

The biggest mistakes house flippers make in a real estate market like today’s

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-860

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

859: BiggerNews: Fed Announces Rate Cuts, Jobs Grow, and Boomers Buy Up Housing Dec 18, 2023

The Federal Reserve finally announced the end of rate hikes. It’s a day real estate investors have been eagerly awaiting. With lower mortgage rates on the horizon in 2024, buyers could gain more control of the housing market, and the seller standoff may finally break. What does this mean for the economy, and are we finally out of recession territory? On this BiggerNews episode, we’re breaking it all down!

Joining David and Rob are James Dainard and Kathy Fettke from the On the Market podcast. Today, all four housing market experts bring a breaking headline to dive into. From the Fed’s proposed plan for 2024 mortgage rates to the new jobs report that shows optimistic signs for the economy, there is a LOT happening before the new year rolls around. But that’s not all we’ll touch on.

A new bill targeting corporate landlords has been proposed, limiting the amount of hold hedge funds have on the housing market. But could this bill target ALL real estate investors, not just the Wall Street buyers? Finally, how the baby boomers bought the housing market and how their remarkable wealth has allowed them to make all-cash home purchases while the other generations sit on the sidelines.

In This Episode We Cover:

The Fed’s proposed 2024 rate cuts and effects on mortgage rates

Recession fears and whether or not we’ll be able to achieve a “soft landing”

The new jobs report and the impact of a “cooling” labor market on employees and employers

Corporate landlords and the dangerous side effects of a new bill that is targeting hedge fund buyers

The baby boomer housing market shopping spree and why they’re taking advantage as rates stay high

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 a 120% Return by Buying “Negative” Cash Flow Real Estate

Hear James and Kathy on the “On the Market” Podcast

Articles from Today’s Show:

Fed Rate Cuts

Jobs Report

Wall Street Landlord Bill

Baby Boomers

Book Mentioned in the Show:

Pillars of Wealth by David Greene

Connect with James:

Connect with Kathy:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-859

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

858: Real Estate Gone Wrong: The House Flip That Fell Over (-$380K) w/James Dainard Dec 15, 2023

One real estate investing mistake cost house flipper James Dainard $380,000. This mistake was so bad that, in the long run, it may have cost him up to three-quarters of a million dollars. So what was the grave mistake a multi-decade veteran house flipper made that would bankrupt the average real estate investor? Stick around to find out unless you want your house to literally start falling off a cliff (like James’ did).

James has been doing real estate deals in Seattle for two decades. He’s flipped hundreds of houses, but even the experts get it wrong sometimes. Piggybacking from our last episode, James will walk through one of the worst house flips he’s EVER done, the mistakes he could have easily avoided, and why you never, EVER close on a flip until you have permits in place.

Want to hear last week’s episode about the live in flip that cost a new mom over $300,000? Click here to listen to the episode!

In This Episode We Cover:

The biggest mistake house flippers can make when investing in 2024 and beyond

What to do when your house flip suddenly stops making financial sense

Foundation issues and how to correct a house that’s literally starting to slide

Forecasting permit times and how not doing so can cost you over $100,000

Why you always, ALWAYS need to have emergency reserves on hand when doing a home renovation or house flip

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 a 120% Return by Buying “Negative” Cash Flow Real Estate

Connect with James:

Hear James on the “On the Market” Podcast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-858

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

857: The House That Almost “Broke” Me: Losing $350K on ONE Property w/Mindy Jensen Dec 14, 2023

Real estate investing can make you rich or ruin you financially…if you’re not taking the proper precautions. Today, you’ll see just how easy it is to lose money on a bad real estate deal and how even the top investors, those with decades of experience, still can end up in a rough situation through no fault of their own. And while both the investors featured in this two-part series have made millions in real estate, they’ve also had a couple of deals gone wrong that have cost them hundreds of thousands.

In this episode, we’re talking to Mindy Jensen, host of the BiggerPockets Money podcast, about, as she calls it, “the house that almost broke me.” This property alone lost Mindy over a quarter of a million dollars, as she had to deal with crooked contractors, a once-in-a-lifetime flood, theft, and more. If you want to ensure you NEVER repeat the same mistakes as Mindy, listen to this ENTIRE episode before buying your next house.

And next time, we’ll be on with James Dainard, expert flipper and co-host of On the Market, to talk about his house flip that makes Mindy’s look like a walk in the park!

In This Episode We Cover:

How Mindy lost over $300,000 on ONE real estate investment

The one “waiver” you MUST get signed before you hire a contractor

DIY vs. hiring it out on home renovations and why Mindy does almost all her own work

The “five-hundred-year flood” and the WRONG time to replace a roof

Why you must have emergency reserves before you invest in ANY 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

How to Make a 120% Return by Buying “Negative” Cash Flow Real Estate

Connect with Mindy:

Mindy's Twitter Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-857

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

856: College Dropout to $110K/Year in Cash Flow by Buying “Sheriff Sale” Properties w/Hunter Lawler Dec 13, 2023

How do you make six figures in passive income with no college degree, very little money, and zero experience in real estate? Do what Hunter Lawler did and take it step-by-step; within a few years, you, too, could be making over $100,000 in cash flow with just ten properties! But the only way you’ll get there is by thinking outside the box, buying properties most don’t even know about, and taking risks when talking to sellers.

Hunter learned very early on that a college degree doesn’t guarantee a big paycheck. He was making a full-time income from his crawfish-selling side hustle when he decided to drop out. After seeing entrepreneurial success, Hunter pivoted and started investing in the sexiest, highest-priced properties ever…mobile homes. These dirt-cheap rentals gave him the sweat equity he needed to build a bigger portfolio.

From mobile homes to single-family houses, self-storage facilities, and killer seller finance deals, this episode is a masterclass on how to grow a six-figure income stream without a college degree or hundreds of thousands in the bank!

In This Episode We Cover

How to build a six-figure income stream by buying cheap, low-risk rental properties

Buying discounted houses at “sheriff sales” and what to know BEFORE you bid

Mobile home investing and why it may be the easiest way to get into real estate

Commercial lines of credit, home equity, and how to turn your rentals into more mortgages

Self-storage investing and the hands-off system Hunter uses to create serious cash flow

Seller financing and the simple way to convince a seller to take a fair price for their property

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-856

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

855: Seeing Greene: Student Housing, Lease Options, and How to Buy with High DTI Dec 11, 2023

Student housing investments can make you killer cash flow. If you invest in college towns, students will pay a premium to be close to campus and won’t mind living in a property with three, four, or five other roommates! This means you can squeeze six high-paying tenants into one single-family home. But more money means more problems, and your investment property could become a party house overnight. How do you keep the cash flow and avoid the headache? Let’s find out!

David is back on Seeing Greene to answer your real estate investing questions, and his partner in crime, Rob Abasolo, joins in to add more investing firepower to this episode. This time, the dynamic duo will touch on student housing investments and whether fitting six (yes, six!) students under one roof is worth the risk. Then, how to invest when your DTI (debt-to-income) is too high. One investor asks whether a lease option is the best way to sell a property, and finally, we’ll finish with the great debate: pay down your mortgage early or save the money instead.

In This Episode We Cover

Investing in student housing and whether the huge cash flow is worth the headaches

How to make sure your short-term rental or student housing DOESN’T become a party house

How to fund your real estate deals when your DTI (debt-to-income) is too high

Selling properties via lease options and what could go wrong during the deal

Paying off your mortgage early vs. keeping the cash and saving instead

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-855

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

854: The State of Real Estate Investing: What You Need to Know for 2024 Dec 08, 2023

Despite unpredictable mortgage rates, there’s a huge opportunity for real estate investors in the coming year. Get insights and strategies from the BiggerPockets 2024 State of Real Estate Report.

In today’s show, BiggerPockets VP of Data and Analytics, Dave Meyer, and co-host of the On the Market podcast, James Dainard, will share their thoughts on where the housing market could go in 2024, what happened in 2023, and the biggest opportunities for investors over the next year. From low mortgage rates to tiny down payments, living for free, and buying brand new homes at a discount, they'll share strategies even beginners can use to build wealth in 2024.

Want access to the entire 2024 State of Real Estate Investing Report? Click here or head to BiggerPockets.com/Report24 to access all the strategies, data, and insight for free.

In This Episode We Cover:

Huge opportunities to build wealth in the 2024 housing market

The commercial real estate correction and properties seeing the biggest price cuts

Supply, demand, and why home prices didn’t fall in 2023

How to pick up a brand new property at a low mortgage rate TODAY

The new five percent down loan program ANYONE can use to live for free

Risks to watch out for in 2024 that could kill your cash flow instantly

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

Grab the Full 2024 Report for FREE Here

Hear Dave and James on the “On the Market” Podcast

Try the BiggerPockets Real Estate Investment Calculators BEFORE You Buy

Connect with Dave:

Connect with James:

Hear James on the “On the Market” Podcast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-854

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

853: How to Make a 120% Return by Buying “Negative” Cash Flow Real Estate Dec 06, 2023

“Negative” cash flow can help you reach financial freedom up to FIVE TIMES faster, so why are most investors ignoring low-to-no cash flow deals? For decades, cash flow has been king in the real estate investing realm. Investors were told NEVER to buy a rental property that didn’t bring in hundreds a month or at least break even. But now, this golden rule of real estate investing is broken, and there’s a FAR faster way to build wealth that sacrifices cash flow for something much more powerful.

And this isn’t just some hypothesis or “what if” scenario. We have three investors today showcasing three real estate deals, ALL with negative cash flow and ALL with huge equity upside, 100% (or greater) returns, or profits that far outweigh what most investors even dream of achieving on their real estate deals. And if you do just a few of these deals the right way, you could reach financial freedom in a matter of years, not decades, like today’s guests.

Join David Greene, James Dainard, and Mindy Jensen as they do their best to deprogram the masses from “cash-flow-only” investing and show you why negative cash flow isn’t always bad—in fact, it could be a sign of an unbelievable deal.

In This Episode We Cover:

What is “negative” cash flow, and why TOP investors go for these deals

ROE (return on equity): the one metric the ultra-successful pay attention to

How James traded $800 a month for over $300,000 in equity (with ONE property)

The danger of floating rate debt and how it can easily KILL your deals

David’s $100 negative cash flow deal that INSTANTLY made him $90K

The negative cash flow rules that you MUST follow

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

Grab David’s Newest Book, “Pillars of Wealth”

Apply to Be on the Cash Flow Cage Match

Connect with Mindy:

Hear Mindy on the “BiggerPockets Money” Podcast

X/Twitter

Connect with James:

Hear James on the “On the Market” Podcast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-853

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

The Simple, Repeatable Path to Wealth with Real Estate in 2024 w/Scott Trench Dec 05, 2023

Investing in real estate can build you massive wealth. And here’s the secret no one wants to tell you: it isn’t all that hard. But before you jump to conclusions and call real estate a get-rich-quick scheme, let’s lay down the law. Investing in real estate is a simple, repeatable process that MANY Americans have used to get rich, but it takes knowledge and time to succeed. Where do you go to learn how to buy your first or next rental property? Well, you’re already here!

In this bonus episode, Scott Trench, CEO of BiggerPockets AND decade-long investor, will share his five-step, repeatable process for finding and analyzing real estate deals. Scott has taken the SLOW route to wealth. He doesn’t have a hundred units, a big real estate fund, or a yacht. But he does have a thirteen-unit passive-income-producing rental portfolio that pays him money every single month.

Stick around to learn how YOU can get your first or next rental property in 2024. Want full access to the tools and resources from this episode, including calculators and rent estimators? Sign up for BiggerPockets Pro and use code “STABLEWEALTH24” for a special discount!

In This Episode We Cover:

The five-step process to find real estate deals in any market

How Scott built a thirteen-unit real estate portfolio in under ten years

The slow, steady, repeatable path to wealth with buy and hold rental properties

Scott’s 2024 housing market, mortgage rate, and price predictions

How to choose a rental property market depending on your goals

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

Connect with Other Investors on the BiggerPockets Forums

Grab the “Quick Start Guide” to Real Estate

Hear Scott on the “BiggerPockets Money” Podcast

Work with Rent to Retirement for Your First or Next Turnkey Rental Property

Books Mentioned in the Show:

Set for Life by Scott Trench

First-Time Home Buyer by Scott Trench

Connect with Scott:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-q4-3

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

852: Seeing Greene: Subto “Speculation,” Airbnb Automation, & New Build Financing Dec 04, 2023

Is “subject to” real estate investing a mistake? Why is cash flow SO hard to find? And what do you do when you overpay for a property? With so many ways to build wealth with real estate, you’ll also need to be aware of the pitfalls. If you don’t know what you’re doing, you could end up with a property you paid too much for, with no cash flow and empty pockets. Thankfully, this is BiggerPockets, so we’re going to give you all the tactics you need to make your next investment a home run.

Put on your green-tinted goggles because David does NOT have a green light for this Seeing Greene episode. Due to this unforgivable offense, we brought another expert investor, Rob Abasolo, on to help David answer some of YOUR real estate investing questions. First, we hear from an investor who makes some great cash flow from her short-term rental but wonders if it’s worth all the work.

Next, an investor finds out that his new build property is selling for a significant discount—can he get out of the deal? Similarly, an ADU (accessory dwelling unit) investor is looking to develop but doesn’t know the best way to finance his new construction. David also answers some questions from the comment section about why investors stopped chasing cash flow so much. And finally, a realtor is concerned about the amount of subto (subject to) “speculation” in today’s industry. Are his concerns legit? Stick around; we’ll get into it all in this episode!

In This Episode We Cover:

How to automate your short-term rental so you do less work

What to do when you realize you’ve overpaid for a property

How to fund a new development with equity, construction loans, or both

Why cash flow is NOT the only thing to focus on anymore

Subject to speculation and whether overpaying to lock in a low rate is EVER worth it

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 Fund Real Estate Deals Right Now w/Zach Lemaster

Don’t Chase Cash Flow! Use THIS Metric to Analyze Your Deals

Subject To Real Estate: Why Investors Should Add This Tool to Their Arsenals

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-852

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

851: Turning $15K into $4K/Month by Investing in This Overlooked Asset Class w/Jason Velie Dec 01, 2023

There’s one type of investment property most people would NEVER consider that could make you a millionaire. They’re not regular rental properties or huge apartment complexes—in fact, they’re so cheap that most investors could probably buy them outright in cash. What’s this “overlooked” investment property that could make you millions? Stick around, we’ll tell you.

Four years ago, Jason Velie worked at a W2 job without any investment property or passive income. Now, he’s a multimillionaire, making $10,000/month in pure cash flow, NEVER having to wake up to an alarm clock again. After a first deal gone wrong, where Jason spent two years working on a house just to break even, he was introduced to a new type of investment property—one nobody talks about.

With the massive profits from these cash cow deals, Jason was then able to use just $15,000 to buy a property that is now worth $1,000,000. And this was ALL during one of the hottest real estate markets ever. The best part? You can do EXACTLY what Jason did to become a millionaire, too, so stick around to hear his FULL strategy!

In This Episode We Cover:

The “overlooked” asset class that could make you six figures with ONE deal

Why you should NEVER pay a contractor without seeing the completed work

Calculating your “worst-case scenario” before you buy ANY property

Investing in mobile and manufactured homes and cheap real estate with huge upside

The one real estate investing tool Jason used to explode his portfolio

How Jason turned $15,000 into $4,000 per month in pure cash flow!

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 Our Interview with Affordable Housing Expert Kristina Smallhorn

Should You Add Manufactured Homes To Your Portfolio?

4 Key Lessons Learned From Investing in Mobile Homes

Connect with Jason:

Jason's BiggerPockets Profile

Jason's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-851

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

850: Multifamily Experts: Look Out For These 7 “Red Flags” BEFORE You Invest Nov 29, 2023

“Want to invest in multifamily real estate, do zero work, and make a million dollars, all in a few months? Well, we have the opportunity for you! We’re about to make you a gazillionaire for the low, low price of your entire life savings. Don’t worry about doing any due diligence; just sign these papers without looking through them. You’re about to strike it rich!”

Most people can call out an obvious scam or bad real estate deal, but what about the less-than-obvious signs? Today, we’ve got two multifamily real estate experts, Andrew Cushman and Matt Faircloth, on the show to go through the multifamily and syndication red flags that could cost you EVERYTHING. Andrew even went through the painful process of losing 90% of an investment years ago just to walk through his lessons on the show.

Whether you’re partnering on a deal or passively investing in syndications, if any of these red flags show up, you should run—immediately. From vetting a sponsor to investigating track records, which metrics to trust (and which NOT to), and the questions you MUST ask, this episode alone could stop you from losing tens or hundreds of thousands of dollars.

In This Episode We Cover:

The seven deadly signs that a multifamily syndication deal is a scam (or at least a dud)

Vetting a sponsor/syndicator and why you MUST avoid “FOMO investing”

Partnerships, inexperienced sponsors, and who you can REALLY trust

The new financial “metric” unsophisticated syndicators hope you DON’T look into

The “capital stack” explained, and how to do your due diligence on a syndication’s debt (before you invest)

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

BiggerPockets Podcast 636 with Amy Mahjoory (Part 1)

BiggerPockets Podcast 352 with Diego Corzo

Join BiggerPockets Pro and Start Investing for Financial Freedom TODAY

Book Mentioned in this Show

Pillars of Wealth by David Greene

Raising Private Capital by Matt Faircloth

The Richest Man in Babylon by George S. Clason:

The Hands-Off Investor by Brian Burke

Connect with Andrew:

Connect with Matt:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-850

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

849: Seeing Greene: How to Use Home Equity to Retire Early and HOA Headaches Nov 27, 2023

Have home equity? Well, you could retire early, thanks to it. If you bought a house from 2009 up until 2021, there’s a good chance you could be sitting on tens of thousands, hundreds of thousands, or millions of dollars in equity. But equity just sitting in a property isn’t doing much for you unless you can use it to retire early! Want to know how? Stick around; we’ll show you!

We’re back on another Seeing Greene where average investor Rob Abasolo joins buff, strong, beautiful, and bald David Greene to answer your real estate investing questions. In today’s show, we talk to Anthony, a slow-and-steady investor who’s built up an impressive amount of equity over the past decade. He wants to retire early and use his equity to increase monthly cash flow. But what’s the best way to do it?

Next, we share some public loathing of HOAs (homeowners associations) and how they can be the bane of your investing existence, plus when it’s time to sell a property in an HOA. Finally, an investor who is STRUGGLING to pay off her HELOC asks what the next best move to make is: work hard to pay it off the old-fashioned way or leverage ANOTHER investment to become debt-free faster.

In This Episode We Cover:

How to turn your home equity into cash flow and an early retirement

Buying rental properties in cash and when it makes sense to forgo a mortgage

Syndications vs. active investing and when you should stay away from “passive” income

HOA headaches and why a homeowner association could ruin your cash flow

Cash-hemorrhaging HELOCs and the fastest way to pay off bad debt

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

BiggerPockets Podcast 636 with Amy Mahjoory (Part 1)

BiggerPockets Podcast 352 with Diego Corzo

Join BiggerPockets Pro and Start Investing for Financial Freedom TODAY

Shop The BiggerPockets Store SALE and Get an Additional 10% Off with Code “BOOKS849”

Anthony's BiggerPockets Profile

Books Mentioned in this Show

Pillars of Wealth by David Greene

Connect with Anthony:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-849

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

848: From Bussing Tables as a New Immigrant to Making $5K/Month from Rentals w/Keleisha Carter Nov 24, 2023

Keleisha Carter built a $5K/month passive income stream as a new immigrant with NO green card, money, or ability to get a mortgage. After realizing that her corporate job in Jamaica wouldn’t lead her to where she wanted to be, Keleisha made the adventurous decision to pack up everything she had and move to the US. Overnight, she went from a high-respected marketing role to bussing tables in an entirely different country, but she had bigger plans.

Keleisha’s goal was to support her family financially in any way she could and eventually bring them to the States. After numerous promotions, Keleisha built up a small sum of savings that she would use to buy her first rental property. Or, that was the plan until she realized that without being a US citizen, purchasing a home and getting a mortgage would be much more complicated than she thought.

In today’s show, Keleisha shares her smart strategy to get around the banks and buy properties, EVEN as a new immigrant. Plus, she’ll show how she’s buying rentals today WITHOUT using her own money and why she’ll NEVER try to flip houses again.

In This Episode We Cover:

How to get around mortgage qualifications and buy your first property WITHOUT the banks

Quitting corporate and when it’s time to take a risk and leave a soul-sucking job behind

An immigrant’s guide to real estate investing without a Green Card or citizenship

Why EVERY BRRRR (buy, rehab, rent, refinance, repeat) property MUST work as a house flip

How to find the perfect out-of-state investing market even if you have ZERO investing experience

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

BiggerPockets Podcast 636 with Amy Mahjoory (Part 1)

BiggerPockets Podcast 352 with Diego Corzo

Connect with Keleisha:

Keleisha's BiggerPockets Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-848

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

847: How to Fund Real Estate Deals Right Now w/Zach Lemaster Nov 22, 2023

Yes, there are STILL rental property mortgages with low interest rates AND low money down, even in 2023. These investment property loans are unknown to most real estate investors simply because they don’t know where to look or who to ask about them. Which loans are we talking about? Stick around because today, we’re uncovering all the ways that YOU can finance and fund your real estate deals in 2023 and 2024, even when getting a loan is harder than ever before.

If you’ve been struggling to put properties under contract because your financing keeps falling through, this is the episode for you. After running into numerous closing table conundrums and non-stop financing fatigue, many real estate investors are giving up on buying new properties due to banks’ lack of liquidity and eye-watering loan requirements. But that isn’t stopping David, Rob, or today’s guest, Zach Lemaster, from closing deals.

In this episode, we’ll go through the loan options that WORK in 2023 and 2024, the creative financing you can use to fund your next deal, and the often unknown loans that STILL offer only three percent mortgage rates or just five percent down on rental properties (seriously). If you haven’t tried these loans yet, you could be missing out on some of the best deals of the decade.

In This Episode We Cover:

The underrated, often overlooked rental property loans with low interest rates and low down payments

Why getting a thirty-year fixed-rate loan may NOT make sense in 2023 and 2024

Whether to secure the debt or the deal first on your next real estate investment

Loan “covenants” you MUST look out for before getting any new mortgage

Mortgage rate predictions and where interest rates could be over the next five years

How to build a relationship with banks/lenders so you ALWAYS get funding

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

Grab the Amanda and Matt’s Books on Tax Strategies

Upgrade to BiggerPockets Pro (It’s a Write-Off!)

The Tax-Free Strategy Only Real Estate Investors Can Access

BiggerPockets Podcast 626 with Zach Lemaster

What You Should Know About Financing Investment Properties

Book Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Connect with Zach:

Zach's BiggerPockets Profile

Zach's Instagram

RentToRetirement

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-847

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

Pillars of Wealth by David Greene (Chapter 1) Nov 21, 2023

Hear a sneak peek of David Greene's newest book, Pillars of Wealth: How to Make, Save, and Invest Your Money to Achieve Financial Freedom.

Enjoyed the first chapter? Click here to pick up your copy of the book today!

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

846: What You Need to Do NOW to Pay Fewer Taxes in 2024 Nov 20, 2023

If you want to pay fewer taxes or outright avoid taxes in 2024, you’re in the right place. We’re about to give you all the last-chance tax tips and loopholes you can use NOW to pay WAY less in taxes in 2024. All of these are perfectly legal, but many will require some form of real estate investing. Don’t own any rental property yet? Not a problem! You can STILL start planning to pay lower taxes BEFORE you buy!

We brought back our two favorite tax experts, Amanda Han and Matt MacFarland, on to the show to share all the last-minute tax tips YOU can use to pay Uncle Sam less and keep more in your pocket. Plus, Amanda and Matt share a tax “loophole” that anyone who makes under $100K per year OR owns a short-term rental property can use to save thousands, if not tens of thousands, in taxes.

We’ll also get into common ways anyone can reduce their taxes through retirement account contributions, charitable donations, and more. Plus, the common misconception costing you thousands of dollars in write-offs that you never knew you could take!

In This Episode We Cover

The one rental property “loophole” that allows you to take a MASSIVE deduction

A huge real estate write-off any investor who makes under $100K is able to take

Retirement investing and how boosting your nest egg can dramatically lower your taxes

Common real estate write-offs that you’ve probably missed

How to use your home equity for tax-free income AND a big tax write-off

What to do RIGHT NOW to avoid paying taxes in 2024 (and beyond!)

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-846

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

845: The Slow, Steady Way to Make $50K Per MONTH with Rental Properties w/KC Massie Nov 16, 2023

How many rental properties would it take for you to become financially free? Five, ten, twenty, one hundred? And once you know how many you need, how long will it take you to get there? KC Massie reached financial independence in his thirties after eleven years of slowly, quietly, and strategically building a repeatable rental property portfolio that rakes in over $100,000 per MONTH in rent. Yes, you read that right—six figures a month!

KC didn’t do anything spectacular to achieve this feat. He didn’t raise any money from friends or family, buy a thousand units in a year, or use risky debt. Instead, KC did things the old-fashioned way—slowly building a portfolio of rental properties, consistently buying every year, and making the most money he could at his job to fuel his purchases. Fast forward eleven years, he has complete financial freedom and has enough money to do whatever he wants, whenever he wants.

In today’s show, you’ll hear about KC’s repeatable path to real estate wealth, the surprisingly ordinary methods he used to build a BIG portfolio of rental properties, and why he encourages EVERY real estate investor to start “building quietly.”

In This Episode We Cover

How KC built a $50K/month rental property income stream in just eleven years

The “limiting beliefs” you’re telling yourself that stop you from achieving financial freedom

Working with your spouse and why you WANT them included in your rental business

Why getting better at your job is the fastest road to early retirement

How KC doubled his portfolio overnight with one very smart move

Why you MUST start “building quietly” if you ever want to become wealthy

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-845

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

844: The 3 "Lies" You Can't Afford to Tell Yourself in This Housing Market w/Jim Kwik Nov 14, 2023

Jim Kwik is Nike, Google, and SpaceX’s go-to brain expert. If you want to learn anything faster and with less effort, he’s the guy you talk to. Jim is friends with some of the wealthiest, most influential people on the planet, and he knows exactly what it takes to become successful and what YOU need to do TODAY to get to where you want to be.

After numerous bad falls, sleeping disorders, and head injuries, Jim was consistently referred to as “the boy with the broken brain.” He couldn't read, he couldn’t remember, and he was falling behind in every aspect of life. But one day, Jim learned how to break the memory code, learn faster than even the most diligent students, and outpace his classmates, who had significant advantages. Now, he teaches everyone else how to do the same.

If you want to read faster, remember anything, scale your business, and become successful, Jim has the tips you NEED. He also shares the “lies” you’re telling yourself that stop you from achieving your dreams and the TINY step you can take RIGHT NOW to accomplish your wildest aspirations.

In This Episode We Cover:

The “lies of learning” that are stopping you from building wealth

Why “knowledge is power” is overrated and when to STOP learning

How to remember ANYONE’S name (even if you just met them)

The three “M's” that lead to a “limitless” brain and unlimited achievement

Why you’re feeling burned out and how to put the fire back into your life

One tiny, simple step you can take today that’ll put you on track for 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

BiggerPockets Podcast 803 with Andy Gil

BiggerPockets Podcast 443 with Jim Kwik

Train Your Brain to Retain: A Quick & Simple Trick to Improve Your Memory

Discover Your “Brain Animal”

Books Mentioned in the Show:

Pillars of Wealth by David Greene

Limitless Expanded by Jim Kwik

Connect with Jim:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-844

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

843: Seeing Greene: I Don’t Make Enough to Invest, What Do I Do? Nov 12, 2023

You want to invest in real estate, but you lack the cash or the income. With home prices and mortgage rates so high, even a decent-paying job won’t land you a rental property or even a primary residence. So, what do you do? Should you call it quits and let others build wealth while you struggle to make ends meet? Not quite. There’s one thing you should start doing today that’ll make your real estate investing much easier.

Welcome one and all to another Seeing Greene, where David answers your investing questions in today’s tough housing market. First, Rob joins us to advise an investor struggling to buy her business’s building from her father. He wants to sell after having a rough time with this commercial property, but Shelly, our investor, wants to convince him to keep the building OR give her a chance of ownership. What should she do?

Next, David answers the trifecta of 2023 investing questions: what should you do when your pre-approval is too low? How do you pull out home equity when you’re broke? And what to do when you don’t have enough income to qualify for a mortgage? A straightforward solution solves ALL THREE of these investors’ questions, and it’ll help you, too, if you’re struggling in this market!

In This Episode We Cover:

What to do if you WANT to invest in real estate but don’t have enough money

Why DTI (debt-to-income) is SO important to investing and how to lower yours NOW

Real estate vs. stocks and why property almost ALWAYS beats simple stock investments

When to invest in a “mediocre” deal that has no-to-low cash flow

How to fire your property manager EVEN if you’ve signed a long-term contract

The secret to scaling your real estate portfolio that the gurus won’t tell you

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

BiggerPockets Podcast 823 on Cost Segregation

Seeing Greene 828

BiggerPockets Podcast 844 with Jim Kwik (Coming Soon!)

Books Mentioned in the Show:

Pillars of Wealth by David Greene

The Richest Man in Babylon by George Clason

Connect with Shelly:

The Mousing Harke Instagram

Fairmount Bicycles Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-843

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

842: Why Barbara Corcoran’s Son, Tom Higgins, Went Against Her Investing Advice Nov 09, 2023

You’ve seen Barbara Corcoran on Shark Tank, heard of her unbelievable real estate deals that make millions of dollars, and might own a product or two that she’s invested in. She’s spent her entire career betting on New York real estate, and her risk has come with tens of millions of dollars in rewards. And while Barbara is known for her “go with your gut” type of investing, her son, Tom Higgins, went a completely different direction—and it paid off.

Tom has flown under the radar for most of his real estate career, never relying on his Corcoran lineage thanks to his different last name. He worked at a real estate brokerage in college, attended real estate finance classes at night, and eventually found himself in the industry as a real estate development professional, helping develop and renovate over 2,000 multifamily rental units!

Tom is a hard-numbers guy. He knows the cash-on-cash return, loan-to-value, and acquisition cost of every deal he’s done. Barbara, on the other hand, self-admittedly, can barely remember which metrics are which. Today, Barbara and Tom debate whether you should go with your head or heart when investing in real estate and why using a little bit of both could make you richer than all the other investors.

In This Episode We Cover:

Barbara and Tom’s sneaky way of finding up-and-coming real estate investing areas

Why Barbara says to never touch a DIME of your cash flow until…

How Tom made Barbara even more money by making her go against her investing nature

One super simple way to immediately find out if a contractor will be worth the money

Risky leverage and the one type of loan Tom says to STAY AWAY from

Why Barbara looks for “old ladies” every time she’s in a new market

How Tom uses BiggerPockets to meet investors, contractors, and partners (and why you should 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

Meet Your Next Partner, Contractor, or Investing Buddy on the BiggerPockets Forums

Barbara Corcoran’s Wild Real Estate Tactics You’ll Want to Repeat

FIRE by 27 Using the “Chick-Fil-A Rule” of Real Estate

Books Mentioned in the Show:

Pillars of Wealth by David Greene

Connect with Barbara:

Connect with Tom:

Tom's BiggerPockets Profile

Tom's X/Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-842

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

841: BiggerNews: Soft Landing or Hard Recession? How to Build Wealth in Both Nov 07, 2023

Will 2024 bring about a soft landing or a hard recession? Tough economic times could be upon us as more and more economists disagree with the “soft landing” narrative of early and mid-2023. Even though the economy hasn’t broken down yet, top-tier investors like Fundrise’s Ben Miller believe that a recessionary “lag” is taking place that could give us some severe financial whiplash—and only the best of the best will survive what is to come.

So, what does it take to survive a recession, and how do you know whether or not you’ve put yourself at risk of losing everything? Ben, David, and Rob all give their takes on what could happen in 2024, how they’re protecting their wealth, and why they’re taking fewer risks to ensure they make it out alive. This may be a HUGE wake-up call if you’re still actively buying real estate deals and leveraging your portfolio as much as possible.

Ben will also talk about his lessons from the last two crashes, how the companies he worked with got crushed, and how he changed his investing perspective to build wealth far faster than almost anyone around him. Wealth is built during the downtimes, but if you don’t follow the advice of those who have been through past crashes, you could lose everything you’ve built!

In This Episode We Cover:

When the 2024 recession could hit and why it may be worse than most Americans believe

The recession “lag” that is catching up to us and why it might hit you by surprise

A soft landing vs. hard recession and how bad the economy could get

Impacts on real estate and whether or not you should be buying or holding right now

Playing financial “defense” and how to ensure you don’t get wiped out during downtimes

High mortgage rates and how they could lead to unemployment, a housing market standstill, and a tough economy

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

Fundrise’s Ben Miller on The 2023 Financial Crash

A “Soft Landing” Looks Shaky as Recession Risk Starts to Rise

Why 2023’s “Rolling Recession” is Almost Impossible to Predict

Connect with Ben:

Fundrise

Ben's X/Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-841

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

840.5: The 8 Best Housing Markets in The US For Low Prices and High Cash Flow Nov 06, 2023

We’re about to show you the eight best housing markets you’ve never heard of before. If you want boring, unsexy markets that give you mailbox money every month, have growing populations, cheap homes, and strong economies, bring your notepad because you probably haven’t thought of any of these markets before. We sent our On the Market researchers on a quest to find the country’s most boring, underrated, yet promising rental property markets—and we’re sharing the list with you today.

From college football towns to underrated beach cities and strong manufacturing centers, almost all these cities have cash-flowing real estate where you can find steals and deals easier than already-tapped markets like Miami, D.C., or Denver. Some of these markets are on the smaller side. Still, with housing affordability tanking, these cheaper states could see a massive influx in population as coastal workers seek financially stable inland cities.

So, if you’ve been saving up to buy your next deal but can’t find anything worth investing in around your area, check out ANY of these eight markets because if you don’t buy in them, we will (and Henry already has)!

In This Episode We Cover:

Eight boring, stable, cash-flowing real estate markets you can invest in NOW

The East Coast beach city with MASSIVE population growth and cheap home prices

The college football towns where you can make a killing on student housing

Staying away from single-industry markets and what happens when employment starts to fall

The state pushing for zero percent state tax that could see a significant population boost

The growing city where Henry is gobbling up rental properties as fast as he can

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Get on The Waitlist for BPCon 2024 in Cancún!

The 4 Most Affordable, High Cash Flow Real Estate Markets of 2023

These Are The Top 20 Up-And-Coming Real Estate Markets

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-155

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

840: Seeing Greene: Rehab Costs, Renting vs. Owning, and The END of Real Estate? Nov 05, 2023

Could the end of real estate investing already be upon us? How do you know how much to spend on a renovation before buying a house? And is a negative cash flow rental EVER worth investing in? On this Seeing Greene, we’re answering the tough questions you’ll be forced to ask in a hard housing market so you can build wealth while the masses run for the hills. Thankfully, David has his co-pilot on this episode!

David and Rob are back to answer YOUR real estate questions, EVEN if you’re too scared to hear the answers. On today’s show, a live caller asks, “How do I get a renovation estimate BEFORE bidding on a BRRRR?” If you’ve stressed over which comes first, the bid or the buy, stick around. We’ll also touch on negative cash flow and when it makes sense to buy a rental that’s losing money every month (there’s a science to this). Then, for all you doomsayers, David and Rob give their take on what happens when the population declines, and no one is left to rent houses. Finally, we answer the age-old question, “should I rent or buy in today’s market?”

In This Episode We Cover:

How to estimate rehab costs BEFORE you bid on a BRRRR

When it’s worth it to buy a “cash flow negative” rental property

The secret to getting out of ANY contract if you need to exit a deal

The long-term effects of declining populations and whether real estate investing could meet its end

Renting vs. buying and when it makes sense to invest while you're still a renter

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

Hop On the BiggerPockets Forums to Connect with Other Investors

Books Mentioned in the Show:

Pillars of Wealth by David Greene

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

Long-Distance Real Estate Investing by David Greene

Connect with Sean:

Sean's BiggerPockets Profile

Sean's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-840

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

839: From $10/Hour Janitor to Making $40K/Year in PASSIVE Income w/Darius Kellar Nov 02, 2023

Darius Kellar went from making ten dollars an hour as a janitor to a real estate investor with over $1,000,000 in rental properties in less than a decade. By taking advantage of property auctions and investing in areas that most real estate investors wouldn’t even consider, Darius has built a real estate portfolio that will soon bring in six figures in rent every year, most of which he’ll get to keep. How he did it was a lot simpler than you’d expect.

Before real estate, Darius had $100,000 in student debt, was making a close-to-unlivable wage, and knew he needed a way out. He bought his first home six years after the Great Financial Crisis in an economically devastated city. Darius couldn’t get a mortgage and needed to save up to get out of the two-bedroom house he was sharing with six other people. Once he closed on his first house, he knew he had to repeat the system. But this wasn’t easy.

Darius has seen everything from sewer problems to stripped copper piping and wiring, no electric hookups, and renovation headaches, but he never stopped. Now, he makes as much passive income per year as many people’s full-time jobs and can show you how to do the same so you can make more money than you ever dreamed possible.

In This Episode We Cover:

How to buy properties at auctions for THOUSANDS of dollars each (seriously)

The one thing you MUST do before you buy any property (getting this wrong could cost you thousands)

DIY rehabs and how to outsource your home renovations so you can focus on investing

How to use BRRRR (buy, rehab, rent, refinance, repeat) to build your real estate portfolio faster

Why Darius’ overlooked area could be a cash flow goldmine for investors

Turning your real estate skills into a business to make even more money

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 Deals on a $20K Waitress Salary With Ashley Hamilton

Book Mentioned in the Show:

Pillars of Wealth by David Greene

Connect with Darius:

Darius' BiggerPockets Profile

Darius' Facebook

Darius' Instagram

Darius' Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-839

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

838: How to Not (Accidentally) Lose Your Portfolio to Lawsuits w/Brian T. Bradley, Esq. Oct 31, 2023

Without asset protection, your wealth is as good as gone. One slip and fall from a tenant, one angry ex-spouse, one jealous onlooker, and you could have your real estate relinquished and your bank accounts drained. And as the economy continues to get even more rocky, lawsuits that threaten your hard-earned nest egg are becoming more and more common. So, how do you build a legal fortress around your fortune?

Brian T. Bradley, Esq., our go-to asset protection expert, is back on the show with news that could affect all real estate investors. A recent case surrounding LLCs (limited liability companies) has completely changed the landscape for investors, businesses, and anyone who operates within an LLC. Now, the LLC you so carefully set up could mean nothing if you eventually get sued. But there is something you can do about it.

In this episode, Brian goes over the changes in this new LLC law, how you can start protecting your assets (even if you only have a couple of properties), how to NOT commit “accidental fraud,” and the rise of “Robin Hood” lawsuits you MUST protect yourself against.

In This Episode We Cover:

The asset protection “layers” anyone can use to protect themselves from lawsuits

A new court case on LLCs that could change the way business is done

“Piercing the veil” and mistakes you’re probably making that could cost you everything

The “accidental fraud” actions MANY investors make when protecting their assets

Why you NEVER want to put your rental properties into an S-Corp

The rise in “Robin Hood” lawsuits that target wealthy, successful investors

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 “Layer” Legal Protection So Lawsuits Won’t Touch Your Wealth

Don’t Lose Your Portfolio to Lawsuits! Here’s How to Protect Yourself

Asset Protection for Rookies: 7 Wealth-Saving Answers from an Expert

10 Landlord-Tenant Laws Every Landlord Should Know

Books Mentioned in the Show:

Pillars of Wealth by David Greene

Connect with Brian:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-838

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

837: Seeing Greene (w/Meet Kevin!): Cash Flow Won’t Ever Make You Rich Oct 29, 2023

Kevin Paffrath, AKA “Meet Kevin,” one of YouTube’s most famous financial influencers and real estate investors, joins us for this week’s Seeing Greene to answer YOUR real estate investing questions. But this time, you’ll hear a bit more about who should be investing, who shouldn’t, and why partnering up on a property is a huge “no-no” in Kevin’s book. Plus, if you’re starved for cash flow in this impossible investing environment, Kevin has some good news for you.

But that’s not all we get into. David and Kevin talk about why cash flow isn’t as important as you think, why dating the mortgage rate could be risky, the social media investing scam you could be falling into, and why investing with no money down is a fool’s game. One investor even submits a potential deal that makes Kevin want to vomit (his words), so if this sounds like something you’re about to buy, run away!

In This Episode We Cover:

Why you should stop caring so much about cash flow and focus on THIS instead

What to do with “trapped capital” in your properties and how to make more money to invest

BRRRRing vs. flipping in 2023 (and which one Kevin HATES)

The investing “advantage” you might not even know you have

Partnership problems and the one real estate investment Kevin won’t touch

Using private money to fund your down payment (and Kevin’s STRONG opinion on this)

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

BiggerPockets Podcast 357 (Kevin’s Episode!)

BiggerPockets Podcast 822

BiggerPockets Podcast 833 Luke Carl

Books Mentioned in the Show:

Pillars of Wealth by David Greene

Connect with Kevin:

HouseHack

Kevin's Instagram

Kevin's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-837

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

836: Financial Freedom in 5 Years and Making $300K on ONE Property w/Dr. Lindsey Duguet Oct 26, 2023

If Lindsey Duguet can reach financial freedom, you can too. She was hundreds of thousands in debt from student loans, trying to raise a family with almost zero free time, working eighty-hour weeks, and failing to find financial footing. Now, just five years later, she’s financially free, owns over five hundred rentals, and works not because she has to but because she wants to. She’s scaled faster than almost anyone else we’ve interviewed, so tune in to hear her secrets!

Let’s address the elephant in the room. Lindsey Duguet is actually Dr. Lindsey Duguet, a physician who was the first in her family to attend college. After being told “you can’t do that” more times than she could count, Lindsey made it her mission to prove everyone wrong on her road to success. She got into medical school, nailed residency, became a doctor, and then built a massive passive income rental portfolio on the side to free up family time.

In this episode, Lindsey talks about what made her realize she couldn’t rely on a W2, why buying squatter-filled rentals for just $5,000 isn’t the best move to make, a MASSIVE BRRRR win that made her $300K (tax-free), and how to get “unstuck” when you feel like your real estate investing has hit a wall.

In This Episode We Cover:

How to build a massive real estate portfolio in five years (or less)

Direct mail and other ways that Lindsey found killer off-market deals

Why you should NEVER buy a house sight unseen (unless you do this)

Real estate partnerships and how to use them to build an even bigger portfolio

Creating passive income and why you CAN'T rely on your W2 forever

Working full-time while running a real estate portfolio and how to start outsourcing tasks

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 Build a Real Estate Portfolio & Quickly Scale Your Investments

Books Mentioned in the Show:

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

Long-Distance Real Estate Investing by David Greene

Pillars of Wealth by David Greene

Rich Dad Poor Dad by Robert Kiyosaki

Connect with Lindsey:

Dr. Lindsey's Facebook

Dr. Lindsey's Instagram

Dr. Lindsey's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-836

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

835: BiggerNews: How Hosts Are Making More Money Even As Airbnb Demand Drops w/Jamie Lane Oct 24, 2023

Earlier this year, many Airbnb hosts expected the short-term rental market to fall off a cliff. With the threat of an economic recession, travel spending was supposed to crater, and with it, a slew of Airbnb failures. But that never happened. While demand did drop, supply increased, and daily rate growth eventually fell flat, there was no “Airbnbust” that so many doomsayers predicted. But, with another recession risk looking more real, are hosts still safe?

We brought AirDNA’s Jamie Lane back to give his take on whether or not a short-term rental crash could happen this year or next. But that’s not all; Jamie also goes over what top hosts are doing NOW to increase their revenue and keep their businesses afloat even as rates come off their post-pandemic highs. Plus, what’s happening globally as a strong US dollar scares away would-be international travelers.

If you run an Airbnb, this is data you must pay attention to. We’ll review which short-term rental markets are in danger, the amenities that will explode your occupancy, what to do when regulations get introduced in your city, and how to prepare if a recession cuts into Americans’ travel spending.

In This Episode We Cover:

The “Airbnbust” that never happened and why the short-term rental market held up

Supply, demand, and why average daily rates are starting to fall across the industry

Airbnb bans and short-term rental regulations that could immediately impact your business

Global Airbnbs and why international travelers are steering clear of vacationing in the US

Fires, floods, hurricanes, and other natural disasters threatening lives and Airbnb businesses

Jamie’s advice on getting your first Airbnb and how to find a market that will last

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 Our Last Episode with Jamie

Use the BiggerPockets Airbnb Calculator

Try AirDNA Today

Attend Host Con with Rob

Connect with Jamie:

Jamie’s LinkedIn

Jamie’s Twitter

Jamie’s Podcast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-835

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

834: Seeing Greene: Inherited Houses, HELOC Risks, and Our Favorite 2-Star Review Oct 22, 2023

About to take out a HELOC to buy an investment property? This could be a move you regret for years, ESPECIALLY if you’re doing this in 2023. As home prices have risen and real estate investors search for more money to invest, the HELOC (home equity line of credit) has become an obvious choice for many. But drawing from these lines of credit could come with a lot more risk than you might think and may tank your cash flow.

David Greene is back on another Seeing Greene, live from Florida! But that’s not all; Rob (Robuilt) Abasolo is coming on to tag-team your real estate investing questions. They'll first talk to Tim, who wants to invest in real estate in high-priced Southern California. He has a townhome with some sizable equity but doesn’t know how to fund his first investment or make the most cash flow. David and Rob also hit on what to do with inherited or paid-off properties and how to scale when you lack the capital. Plus, we read a two-star review and combat it with a YouTube comment compliment from David’s secret admirer.

In This Episode We Cover:

How to turn your home into a rental property and investing in expensive areas

When you should (and definitely shouldn’t) use a HELOC to fund your rental property purchase

The super passive short-term rental “reverse” arbitrage model most landlords don’t know about

Scaling your real estate portfolio even when you’re out of capital

Inherited properties and how to make hands-off cash flow

The smartest ways to fund rental property repairs and renovations

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

Seeing Greene: Early Retirement, Private Lending, & The $10,000 “Guru” Trap (Ep 825)

How to Use a HELOC to Buy Real Estate

Book Mentioned in the Show:

Pillars of Wealth by David Greene

Connect with Tim:

Tim's BiggerPockets Profile

Tim's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-834

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

833: From Surviving on $30/Day to 30+ Properties Thanks to Blue-Collar Skills w/Luke Carl Oct 19, 2023

Luke Carl’s real estate “gateway drug” took him from one home to three hundred rental units in record time—and it can do the same for you. What started as a niche type of investing quickly took over the world, and Luke was able to use these mega high-cash flow properties to buy more rentals, build more wealth, and have enough real estate to do whatever he wanted, whenever he wanted. If you want that same type of financial freedom, you’ll want to copy Luke’s blueprint.

Luke and his wife, Avery, bought their first short-term rental before the term “Airbnb” even existed. They got in the game so early that they currently have the longest-running Airbnb in the Smoky Mountains. One vacation rental turned into another and another until they eventually reached a breaking point, forcing them to pivot and turn their short-term profits into long-term rentals, a move that Luke would wholeheartedly do again.

Now, with a massive rental property portfolio, Luke credits his passive income portfolio to short-term rentals. The high cash flow has allowed him to buy more passive properties that can be outsourced and don’t require constant attention. But can YOU still repeat Luke’s short-term rental strategy with the so-called “#Airbnbust” upon us? Surprisingly, yes. He'll show you how.

In This Episode We Cover:

How to use high-cash flow vacation rentals to build your real estate portfolio WAY faster

Why Luke DIDN’T quit his job to invest in real estate EVEN when he had enough income

Transitioning from short-term rentals to long-term rentals and when to STOP buying Airbnbs

Luke’s financial “buckets” every short-term rental operator must set up

Property management vs. self-management and why you DON’T need to outsource most vacation rentals

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

Learn Directly From Luke with The BiggerPockets Short-Term Rental Bootcamp

Hear Our Episode with Luke’s Wife, Avery Carl

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

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

Profit First by Mike Michalowicz

Connect with Luke:

Luke's BiggerPockets Profile

Luke's Podcast

The Short-Term Shop

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-833

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

832: Deal Deep Dive: 2 Real Deals in 2023 That’ll Build Your Retirement Nest Egg Oct 17, 2023

Want to speed up your retirement savings so you can retire even faster? With the right out-of-state rental properties, you can have consistent cash flow coming in every month, along with tens of thousands, if not hundreds of thousands, in equity from properties you bought this year! Today, we’re talking to two investors building their retirement nest eggs with long-distance real estate investing. Even better, the deals they’ll share were bought THIS year in today’s impossible housing market.

First, we’ll talk to Keith, who lives in pricey California. He knew he couldn’t invest nearby but wanted to start building his passive income empire. With the help of Indianapolis agent Peter Stewart, Keith was able to lock down a medium-term rental that now cash flows $700 per month! Keith and Peter get into all the details, from how much the house cost to how they got it close to $30,000 under asking price, and the almost-perfect BRRRR (buy, rehab, rent, refinance, repeat) they did.

Next, we’ll talk to Dave, who sold off all his rental properties in the last crash. Now, with retirement inching closer, he wants to build a legacy for his two boys. Dave worked with Oklahoma’s own Dahlia Khalaf on finding a long-term rental in a market with PLENTY of demand—so much demand that Dave had seventy-five interested applicants the weekend he posted this home for rent! If you want to find deals like Keith and Dave did in TODAY’s housing market, tune in!

In This Episode We Cover:

Retiring with rental properties and how to start building your nest egg today

Out-of-state real estate investing and landlording at a distance when your home market is too pricey

Building your “buy box” so you know exactly what rental properties to look for

How to get WAY more cash flow out of the same rental with the “medium-term rental” model

Using the BRRRR (buy, rehab, rent, refinance, repeat) method to pay close to nothing for rental properties

Why overbidding isn’t always a bad thing (and how it can make you money!)

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

Grab David’s Book on Long-Distance Investing, BRRRR, and More

Analyze Rentals in Minutes with the BiggerPockets Rental Property Calculator

Hear How to Get YOUR Offer Accepted in This Housing Market

Connect with Dave:

Dahlia's BiggerPockets Profile

Connect with Dahlia:

ASN Website

ASN Facebook

Connect with Keith:

Keith's BiggerPockets Profile

Keith's Instagram

Keith's Facebook

Connect with Peter:

Peter's BiggerPockets Profile

Peter's Facebook

Peter's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-832

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

Are You Overpaying? How to Evaluate and Offer on Rental Properties Oct 17, 2023

Once you know how to analyze a rental property, you can reach financial freedom FAR faster than most Americans. You’ll be able to know how much a property is worth, how much passive income you’ll make, which properties are worth investing in, and how many rentals you’ll need to retire and reclaim your time freedom. Today, David Greene will give you a masterclass on analyzing rental properties plus seven “sneaky tips” to get ANY offer accepted (even in 2023!).

In this short webinar, you’ll learn how to find the best rental properties in any area and analyze a rental for cash flow, cash on cash return, equity upside, and more. The best part? You don’t need ANY investing experience to do these calculations. With the BiggerPockets Rental Property Calculator, you can tell if a property is worth the price in MINUTES! David will walk through it all in this episode!

Ready to start? Sign up for BiggerPockets Pro and use code “OFFER20” for 20% off an annual membership and UNLIMITED calculator usage!

In This Episode We Cover:

How to buy your first (or next) rental property EVEN in today’s tough market

How to analyze a rental property from start to finish in MINUTES

The “LAPS” system you can use to constantly find great real estate deals

Cash flow, cash on cash return, equity, and other metrics you MUST know about

How to make an irresistible offer and David’s seven “sneaky tips” for getting your first property under contract

The one tool top real estate investors use to build massive passive income

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

Grab The Best-Selling Books by David Greene

Ask David YOUR Investing Question

Get the Slide Deck from This Webinar

Connect with David:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-q4-1

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

831: Seeing Greene: Depreciation 101 and When to Sell a Reliable Rental Oct 15, 2023

“Should I sell my rental property in 2023?” If you own investment property, you’ve probably asked yourself this numerous times over the past ten months. Prices are high, inventory is low, and your appreciated property’s profits could be turned into even more rental units, making you wealthier over time. So, how do you know if selling and swapping is the best move to make? Or, if you do sell, could you be missing out on even more wild appreciation potential? Let’s find out!

Welcome back to Seeing Greene, where your investor, agent, lender, big guy at the gym who helps you with your form, and mentor, David Greene, is here to answer your real estate investing questions. This time, we hear from a Canadian investor debating selling her pricey Toronto triplex for cash-flowing American real estate. Then, David shows you exactly where to find rental property leases, when pulling out equity may not be a good idea, what to do when you CAN’T get home insurance, and how to calculate depreciation on your next rental.

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:

When to trade your reliable rental for more doors and bigger cash flow

Lease agreements and whether making your own or using a property manager is a better bargain

HELOCs, 401(k) loans, and the right way to pay off debt FAST

The home insurance crisis and what to do when you can’t get coverage for your rental

Calculating depreciation on a potential property and when tax savings AREN’T worth doing another deal

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

Get Lawyer-Reviewed Lease Forms for Your Rental

BiggerPockets Podcast 728 on Medium-Term Rentals

BiggerPockets Podcast 819 on Insurance Crisis

BiggerPockets Podcast 820 on Late Starter’s Guide

Books Mentioned in the Show

Pillars of Wealth by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-831

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

830: From Burnt-Out Tech Worker to $95K in Passive Income in 2 Years w/David Lecko Oct 12, 2023

Off-market real estate deals can make you a millionaire in just a few YEARS. Instead of buying the nicest-looking rental property in the best area through a brutal bidding war, David Lecko went the opposite route, purchasing the properties nobody else wanted, finding deals simply by driving for dollars or paying someone else to do so. He went from a burnt-out nine-to-five worker to financial freedom in just two years by following this strategy, and you can do it, too!

David was working all day and all night, making a meager salary with almost zero time freedom. His boss, who worked far less than he did, outsourced his business and had rental properties on the side. David knew that to be in the same position, he’d have to mimic his boss’ path to wealth. So, after work, David would drive around his local area, looking for the tallest grass, the biggest roof repairs, and the worst paint jobs. He finally found his first deal, which cost less than a used car, but ended up springboarding David to make millions.

In today’s episode, David will walk through EXACTLY how to find off-market real estate deals the RIGHT way, how to get around the lazy lists that most off-market investors use, and how to turn a few properties into millions of dollars of wealth and close to six figures a year in passive income. And in today’s tough housing market, finding deals like these is even MORE crucial. So, what are you waiting for? Financial freedom is only a couple of years away!

In This Episode We Cover:

How to reach financial freedom in just a couple of years by buying off-market real estate

Driving for dollars and using this strategy to find massively underpriced deals

Outsourcing your deal finding so you can drive less and make more money

Building your off-market deal list and how many houses it’ll take to get your first payday

To BRRRR or not to BRRRR and why NO cash flow isn’t always a bad thing

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

Join David’s Spartan League

BiggerPockets Podcast 731 with Brent Daniels

BiggerPockets Podcast 781 on Finding Off-Market Deals

BiggerPockets Podcast 663 with Pitch Anything Part 1

BiggerPockets Podcast 664 with Pitch Anything Part 2

Real Estate Rookie Podcast 241 with Sahleem Lee

Books Mentioned in the Show

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

Pillars of Wealth by David Greene

Rich Dad Poor Dad by Robert Kiyosaki

Connect with David:

DealMachine

David's Podcast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-830

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

829: How to Get "Unstuck" in Real Estate by Following These Simple Fundamentals Oct 10, 2023

If you take these three steps, you’ll reach financial freedom. There are no gimmicks, courses to buy, or get-rich-quick schemes. This three-step, repeatable blueprint to building wealth has been time-tested by some of the world’s most successful real estate investors. It’s not complex, but it will take work, sacrifice, and time to get where you want to be. So, what awaits you if you follow through? Financial freedom, multimillionaire wealth, autonomy, and the ability to do whatever you want, whenever you want. The weak won’t make it on this path, but YOU will.

Today, we hear directly from David Greene on what made him millions, mistakes he made that you should avoid, and what his new book, Pillars of Wealth, can teach you that most Americans will go their whole lives without knowing. This is a blueprint for wealth-building that only the most financially savvy know about, and you’ll get to hear about all of it on today’s episode.

So, if you’re tired of feeling stuck, not knowing how to make or keep more money every month, and need guidance on the next financial move to make, pre-order Pillars of Wealth today and start your journey to financial freedom!

In This Episode We Cover:

The three “pillars” of wealth that will lead you to financial freedom

Why you’re spending all the money you earn and how to save money EVERY month

The personal finance metrics you MUST track if you want to become wealthy

Why quitting your job to invest could push your financial progress back by years

How to know which rental properties to keep, sell, or trade for something else

David’s biggest mistake and what you need to be doing RIGHT NOW to become wealthy

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

Join David’s Spartan League

Hear Our Interview with Off-Market Deal-Finding Expert, David Lecko (Coming Soon!)

David Greene’s Untold Story of 7-Day Workweeks to 7-Figure Net Worth

Book Mentioned in the Show

Pillars of Wealth by David Greene

The Richest Man in Babylon by George S. Clason

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-829

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

828: Seeing Greene: How Long to Hold On to a BAD Rental Property Oct 08, 2023

DON’T sell your low-cash flow rental property just yet—you could make it a cash cow with one quick strategy switch. At least that’s Rob Abasolo’s advice as he joins David this Sunday for a Seeing Greene episode, where they take questions directly from BiggerPockets listeners, commenters, and reviewers! And even if you don’t have your first rental in the bag, this episode will be worth tuning into.

David and Rob discuss whether buying your first property with a fixed vs. adjustable-rate mortgage (ARM) makes more sense with today’s high interest rates. Then, we hear from an investor looking to sell their rentals and move that money into a bigger city with more appreciation potential. The problem? Their rentals are making some serious cash flow. Speaking of cash flow, we hear from an investor who’s got a townhouse that COULD become a rental but would have some meager returns. Is it worth keeping? Tune in to hear answers to all those questions and more!

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:

How to turn your low-cash flow rental into a passive income machine

Partnering with family members on a rental and how to split the profits

Fixed-rate mortgages vs. adjustable-rate mortgages (ARMs) and whether the low rate is worth the risk

When to trade your stable, cash-flowing rentals for long-term appreciation in a better market

Why lenders DON’T want you to downgrade to a cheaper primary residence (and how to get around it)

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

BiggerPockets Podcast 798 with Alex and Leila Hormozi

BiggerPockets Podcast 816

Fixed-Rate vs. Adjustable Rate Mortgages: What’s the Difference?

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-828

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

827: From $16/Hour Factory Wages to SIX-FIGURE Real Estate Paychecks w/Keith Everett Oct 05, 2023

Want a PRACTICAL guide to making six figures in real estate? What about a way to do it in a year or less? That’s precisely what Keith Everett did, trading his sixteen-dollar-an-hour factory job for the potential to make six figures by himself, wholesaling real estate. Keith dropped out of college to work, realizing he made as much at his job as his university professors. After working twelve to sixteen-hour shifts and receiving a ten-cent raise (seriously), Keith knew he needed a way out.

Keith purchased a twenty-dollar book on real estate investing and got his first deal soon after. He was flying high, thinking the rest would be easy until the money stopped flowing in, his car got repossessed, his bank account ran low, and his wife was forced to move away for a job that would support the family. This wasn’t Keith’s plan, but he quickly turned things around.

Now, Keith runs a real estate business that brings in not just six figures a year but six figures a MONTH. He’s done over 400 deals in the past seven years and went from factory worker to scrappy hustler to CEO. Keith walks through every book he read, course he attended, and skill he learned that took his wealth to the next level. If you follow his practical tips, you could end up right where he is.

In This Episode We Cover:

How to make six figures a year (or month) by wholesaling real estate

Finding your “financial thermostat” and setting it so you save money EVERY month

How to fix your credit and the one thing you can do now to boost your score

How to go from hustler to CEO and build a business instead of another job

The biggest mistake Keith made when he started making serious money

The three things Keith focuses on when doing ANY deal

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

Listen to Henry on The “On The Market” Podcast Wherever You Listen to Podcasts:

Watch Henry on the “On the Market” YouTube Channel

CreditStrong

Self.inc

Book Mentioned in the Show

Flip by Nick Ruiz

Objections by Jeb Blount

Outwitting the Devil by Napoleon Hill

Profit First by Mike Michalowicz

Rich Dad Poor Dad by Robert Kiyosaki

Secrets of the Millionaire Mind by T. Harv Eker

The 5 Love Languages by Gary Chapman

Traction by Gino Wickman

Way of the Wolf by Jordan Belfort

You Can’t Teach a Kid to Ride a Bike at a Seminar by David Sandler

Connect with Keith:

Keith's Instagram

Keith's Twitter/X

Hustle Implementers

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-827

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

826: 5 Steps to Get ANY Home Offer Accepted (WITHOUT Being the Highest Bidder) w/Christian Bachelder and Lindsey Iskierka Oct 03, 2023

The 2023 housing market may be the “toughest real estate market” we’ve ever experienced. But, after this episode, we bet your home offer will get accepted, even during a wild seller’s market, even if you’re not offering the highest bid, and EVEN if this is your first time buying a home. While you may THINK that sellers always choose the “highest and best” offer that comes their way, we have a few experts to prove that that’s rarely the case and how you can win even in an impossible housing market.

First-time home buyers and veteran investors alike are feeling the sting from this never-ending sellers market. There are still more buyers than sellers, and bidding wars have come back into fashion. Thankfully, a few quick tips from today’s expert agent, Lindsey Iskierka, and David Greene’s own mortgage broker, Christian Bachelder, can help you win the home you love or your next cash-flowing, equity-boosting investment property.

We’ll walk through the five steps ANYONE (yes, even you) can take to put yourself in the BEST position to make a bid on a property, how your lender can ensure you DON’T get squeezed into paying more, and the biggest mistake new home buyers make that are costing them their dream home. Stick around because once you put these tips into practice, you could have too many accepted offers on your hands.

In This Episode We Cover:

How to get your home offer accepted in 2023, EVEN if you’re not the highest bidder

Pre-qualification vs. pre-approval and why you CAN’T mistake the two

Why you MUST call your lender before putting in ANY property offer (save THOUSANDS)

The “rate stack” that could lead to a lower mortgage rate or a credit to closing costs

The powerful negotiation tool that could land you tens of thousands at closing

One common “hiccup” you MUST avoid when closing on your next 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

BiggerPockets Podcast 805: 2 “Cash Flow” Housing Markets That Are On Track for Big Growth

BiggerPockets Podcast 817: 2 “Slam Dunk” Small Multifamily Deals in 2023 (and Where to Find Them)

Watch “Mortgage Mondays” with Christian and David

Book Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Connect with Lindsey:

Lindsey's BiggerPockets Profile

Lindsey's Email

Lindsey's Instagram

Connect with Christian:

Christian's BiggerPockets Profile

Christian's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-826

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

825: Seeing Greene: Early Retirement, Private Lending, & The $10,000 “Guru” Trap Oct 01, 2023

Have a rental property? What if you could use it to buy even more rentals, build your real estate portfolio, and have a steady stream of passive income flowing into your bank account? On today’s Seeing Greene, one viewer is asking exactly how to do that, and while his strategy could work, it may not be the best move with mortgage rates so high and deal flow so low. So, what would David do instead?

It’s Sunday, so we’re taking listener questions directly from rookies, veteran investors, and those wanting to retire early. In this episode, David pokes holes in the “cash-out refinance to buy a new property” strategy. We also hear from two late starters who want to get a jump on their retirement, a burnt-out property manager looking for the best way to scale, an equity-heavy investor who’s debating buying a rental or lending out his money, and a reviewer who was scammed by the real estate “gurus.”

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:

How to use your home equity to buy more rental properties and build a real estate portfolio

How to retire early, build a nest egg, and create cash flow as a late starter

Scaling your real estate business and whether you have what it takes to do so

The real estate “gurus” who will take your money and run (and telltale signs of a scam)

Why quitting your job for real estate isn’t a smart move to make (especially in 2023)

Private money lending vs. property investing and which will make you more money

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 Late Starter’s Guide to Retirement with Real Estate (40s, 50s, or 60s!)

Warning: Why You Shouldn’t Buy What the Gurus Are Selling

Books Mentioned in the Show

Pillars of Wealth by David Greene

SCALE by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-825

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

824: Bankruptcy to Financial Freedom by Following the “No B.S.” Real Estate Rules w/Jason Lewis Sep 28, 2023

Jason Lewis made it his life’s goal to hit financial freedom by thirty-five. After watching his family go bankrupt, lose their multi-generational farm, and have to give up their dreams, Jason knew that this was NOT what he wanted his future to look like. Instead, Jason would build a multi-million dollar real estate portfolio. One without high risk, high leverage, or a bank breathing down his neck when things went sideways. A portfolio that would make him MILLIONS in tax-free income, using techniques every average American can repeat.

Jason quickly learned the right way to use debt. After securing a loan at the young age of seven, Jason started raising hogs. When he became the Grand Champion for hog raising at his local fair, he was given a check for a couple thousand dollars—MORE than enough for any seven-year-old. This lesson later helped Jason repeat the same strategy, but with real estate, always adding value and ALWAYS paying his debts.

Jason’s “opportunistic” way of investing allows him to buy anything and everything that makes money. House hacking, fix and flips, mobile homes, and oil and gas leases are just SOME of the asset classes that Jason has invested in. One of these allowed him to make $1.9 million using a strategy that ANYONE listening to this episode can take advantage of. Want to hear how? Stick around!

In This Episode We Cover:

The danger of “overleveraging” and how it can ruin your chance at financial freedom

House hacking and how to make tax-free millions simply by living in your home

Syndication hype and why you should NEVER “fake it till you make it” in real estate

Jason’s “No B.S.” advice to find real estate deals WHEREVER you are

Partnerships and when it’s a wiser move to fly solo in your investing career

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

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

Is Leveraging Really That Risky?

The 30-Something’s Guide to Financial Freedom

Tune into the “Creative Real Estate Podcast” with Jason

Connect with Jason:

Jason's BiggerPockets

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-824

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

823: The Tax-Free Strategy Only Real Estate Investors Can Access w/Mitchell Baldridge Sep 26, 2023

What’s the key to paying fewer taxes? A cost segregation study. Never heard of it? Most real estate investors haven’t, but we’re about to unlock a world of tax-free income earning using this specific tool. If you’ve wondered how the wealthy pay such few taxes while owning million-dollar-producing real estate, this is how. In today’s episode, you’ll learn how to use cost segregation, too, so you can keep more money in your pocket.

Taxes aren’t everyone’s favorite subject, but paying fewer taxes? You can probably get behind that. We’ve brought on CPA and CFP Mitchell Baldridge to explain how he helps real estate investors, large and small, delete their taxable income and build their real estate portfolios faster. Our own Rob Abasolo uses Mitchell’s team to cut his taxes down by more than six figures!

In this episode, we’ll explain what cost segregation is, why so many top real estate investors use it to lower their taxes, when you can (and can’t) use it on your properties, the short-term rental tax “loophole” to take advantage of, AND what happens when you do it wrong.

In This Episode We Cover:

How to wipe out your income taxes using cost segregation studies

Bonus depreciation and writing off your property faster than before

Using real estate losses to lower your W2 or business income

The short-term rental “loophole” ANYONE can use to reduce their taxable income

Carrying over losses and why top real estate investors will NEVER stop buying property

Caveats and pitfalls of cost segregation and when it can come back to bite you

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

Landlord Tax Loopholes That’ll Help You Pay ZERO Taxes

Can a Cost Segregation Study Help You Lower Your Taxes?

Connect with Mitchell:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-823

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

822: Seeing Greene: The 10-Year Real Estate Retirement Plan (Use Home Equity!) Sep 24, 2023

If you know how to use your home equity, you can retire MUCH faster than most Americans. For the majority of homeowners, equity is just something to sit on, not something worth using. But what if you could convert your home equity into rental properties, cash flow, or even more appreciation? Where would you be in a decade if you used your equity to make even more equity in other properties? You could retire early, make more than you’ve ever imagined, and KNOW that your wealth is working FOR you.

It’s Sunday, and David remembered to turn his green light on…you know what that means. We’re back with another episode of Seeing Greene, where real estate investors, rookies, and business owners shoot some of their most pressing questions at David. In this show, a young business owner wants to know how to sell (without sounding salesy). Then David describes how to use your home equity to buy even more properties, the best way to pull "wealth" from your rentals, how to retire in ten years, and why no one talks about the “BEAF” strategy of real estate investing.

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:

How to retire in ten years (or less) by investing in rental properties in THESE areas

Turning your home equity into more real estate and investor-only loans most don’t know about

Extracting the wealth you’ve built without the tax man taking your gains

Rental property upgrades that are ALWAYS worth the money (and which to skip)

The new “BEAF” real estate investing strategy that says “NO” to cash flow

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

BiggerPockets Podcast 798 with Alex and Leila Hormozi

BiggerPockets Podcast 810 with Greg Harden

BiggerPockets Podcast 827 with Keith Everett (Coming Soon!)

BiggerPockets Podcast 663 with Oren Klaff

Book Mentioned in the Show

Pillars of Wealth by David Greene

The Small and Mighty Investor by Chad Carson

SCALE by David Greene

Pitch Anything by Oren Klaff

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-822

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

How to Buy Your FIRST Rental by The End of THIS Year (Step-by-Step Plan) Sep 23, 2023

If you listen to this episode, you’ll be able to buy a rental property in the next ninety days. That means by the end of 2023, you could have passive income flowing in and equity building on your behalf. But how do you get there, especially during a tough housing market like we find ourselves in today? Don’t worry; we’ll give you a step-by-step guide on finding, funding, and profiting from rental properties so you can achieve financial freedom.

David Greene is financially free because of real estate. He’s been building his rental property portfolio for over a decade, and now, he’s sharing the tricks of the trade with YOU. In this webinar, David will go through the “ninety-day challenge” that helps real estate rookies become rental property investors in less time than EVER before. If you're starting from ZERO and don’t know where to begin, this is THE episode to tune into. Or, if you’ve hit a wall while building your rental portfolio, stick around; we’ll get you to your first (or next) rental in ninety days (or less)!

Ready to start? Sign up for BiggerPockets Pro and use code “PODCHALLENGE23” for 20% off an annual membership plus a copy of Brandon Turner’s The Intention Journal!

In This Episode We Cover:

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

Analyzing a real estate deal from SCRATCH using the BiggerPockets Rental Property Calculator

The “LAPS System” that will send potential rental properties your way every day!

How to finance your rental properties using more than traditional loans

Why you MUST build a real estate portfolio, NOT just buy one rental property

The real estate investing strategies and niches for YOUR financial freedom goals

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

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-q3-3

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

821: From Making $48K/Year to Millionaire By His Mid-30s w/Ryan Tseko Sep 21, 2023

Ryan Tseko became a multifamily millionaire by his mid-thirties after giving up his previous career to invest. By the time Ryan was thirty, he already had twenty-one rental units, paid off over six figures in student debt, and used his pilot job to scope out new property markets. Everything was going to plan until a once-in-a-lifetime opportunity presented itself. Ryan left everything and made the jump.

But how did Ryan end up in his multi-millionaire position? How did he go from house hacking “crash pads” for pilots to helping manage one of the largest real estate portfolios in the country? A better question—how did a commercial pilot become Grant Cardone’s right-hand man? Ryan’s story is unbelievable, but it’s true.

In today’s episode, Ryan will share why he gave up his high-paid job to bust his butt working for Cardone Capital, why Grant Cardone told him to sell his ENTIRE real estate portfolio, and the two-minute deal analysis Ryan does that instantly tells him whether a property is worth pursuing. Ryan proves ANYONE can go from nothing to much more than something—and you can, too!

In This Episode We Cover:

Becoming a millionaire by your mid-thirties and turning active income into passive income

House hacking, “crash pads,” and how to make money off of your first home

Paying off six figures in student debt and why you MUST be frugal at the beginning of your investing career

Millionaire tips from Grant Cardone and what to do when your property ISN’T profiting

The two-minute deal analysis Ryan uses at Cardone Capital EVERY day

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

Need a Real Estate Lingo Review? Check Out the BiggerPockets Glossary

BiggerPockets Podcast 108 with Grant Cardone

BiggerPockets Podcast 250 with Grant Cardone

Book Mentioned in the Show

Rich Dad Poor Dad by Robert Kiyosaki

Connect with Ryan:

Ryan's Instagram

Ryan's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-821

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

820: The Late Starter’s Guide to Retirement with Real Estate (40s, 50s, or 60s!) w/Kim Woolf Bosler and Kyle Mast Sep 19, 2023

Can you start real estate investing in your 40s, 50s, or 60s? We’re here to prove that it’s 100% possible, even if you have zero real estate experience or feel like you’re getting a “late start” to rental properties. You don’t need a lot to begin, and if you have some of the basics down, you can go from zero rental properties to twenty like today’s guest, Kim Woolf Bosler, who started her real estate portfolio at age fifty-six, with six children and twenty grandchildren!

But before we get into Kim’s fast-paced property story, we’ll chat with Kyle Mast, the financially-free CFP (certified financial planner) who already achieved financial independence with the help of real estate investing. Kyle is here to help show that even if you don’t have millions of dollars in the bank or rental property experience, you can STILL invest, no matter your age. He’ll talk about where to pull money from, how to increase your income in retirement, home equity, and more!

After some solid tips from Kyle, Kim will share her story of going from primary residence owner to building a portfolio of twenty properties in a VERY short amount of time. Now she has the flexibility to live every day as she chooses and use all her extra income to spend time with her BIG family! You can copy Kim’s exact strategy by tuning into today’s episode!

In This Episode We Cover:

How to start investing in real estate in your 40s, 50s, or 60s

Using your retirement accounts (like 401(k)s) to buy your first rental property

Scaling your passive income FAST with out-of-state investment properties

Home equity lines of credit (HELOCs) and leveraging yours to invest

1031 exchanges and turning taxable gains into a tax-free “dream house”

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

A Personal Finance Masterclass with Kyle Mast

The Late Starter’s Guide to Financial Independence (Even in Your 50s!)

RealWealth

Connect with Kim:

Kim's Facebook

Connect with Kyle:

Kyle's Twitter/X

Kyle's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-820

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

819: What Caused 2023’s WILD Insurance Market (and When Prices Could Fall) w/Robert J. Hamilton Sep 17, 2023

2023’s insurance market is bad. Really bad. “As bad as I’ve ever seen,” says Insurance Office of America’s Robert J. Hamilton. He’s never seen home and multifamily insurance prices as high as today. But, he has good reason to believe that a better insurance market could be upon us soon, especially as prices continue to ramp up and providers get priced out of the market.

If you’re a property owner, there’s a good chance your insurance premium increased significantly in price last year and the year before. After several unprecedented natural disasters, states like Texas, Florida, and California have seen carriers massively raise rates or leave their markets entirely. But why now? And how long will this last? Robert walks us through exactly what’s caused the higher insurance rates, why so many carriers have given up or died out, and “the beginning of a reset” that could be on the horizon.

Andrew Cushman, long-time friend of the show and multifamily investor, gives his seven quick tips on finding a better rate and protecting your property if and when disaster strikes. DO NOT analyze another deal before you watch this episode because, by the time you finish, your new insurance rate could ruin the profit potential.

In This Episode We Cover:

The wild 2023 insurance crisis explained and why rates have gone up so dramatically

The “capacity crunch” forcing insurance carriers to leave risky markets

What’s causing rates to rise and the “reinsurance” problem carriers face

Underwriting your next rental/multifamily and how to properly predict property insurance costs

The safest states/areas to invest in that carriers are flocking to

The “percentage deductible” trap that could bankrupt your deal if you aren’t careful

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

Network with Other Investors on the BiggerPockets Forums

How to Protect Your Rental from Fires, Floods, Lawsuits, and Liability

What Is Rental Property Insurance & Do Landlords Need It?

Book Mentioned in the Show:

SCALE by David Greene

Connect with Andrew:

Andrew's Website

Connect with Robert:

Robert's Email

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-819

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

818: From 16-Year-Old Skater to Investing in “Cash Machine” Kmart Conversions w/Mikey Taylor Sep 14, 2023

Cash flow “machines” is how Mikey Taylor describes his most recent investments. To the non-investors, the numbers seem too good to be true. But Mikey has repeated this system, again and again, to make millions of dollars off of “boring” investments that most investors overlook. What “cash machines” is Mikey referring to, and how do you go from making $800/month to millions of dollars like he did?

Mikey has no degree, full-time job, or wealthy parents to hand him an inheritance. At sixteen, Mikey made it his mission to find sponsors for his skateboarding career. What started as a hobby grew into a profession, but Mikey knew it wouldn’t last. After searching for some other income to support him when his career finally ended, Mikey conveniently stumbled upon real estate—and the rest is history.

Since ending his skateboarding career, Mikey has built a brewery, invested in multiple BIG multifamily deals, and started buying the “cash machine” properties so many investors WISH they could get their hands on. If you want to know the strategy behind these bold moves and how you can go from barely scraping by to financial mastery, like Mikey, this is THE episode to watch.

In This Episode We Cover:

The “cash machine” real estate investments only few investors will buy

What REAL passive income looks like and how to start building your income streams today

Starting a brewery from scratch and selling it for an almost unbelievable profit

The “blue ocean” real estate deals many are too scared to touch

Converting Kmarts into self-storage and how much money Mikey makes off of each

How to avoid lifestyle inflation when you start making big bucks (so you can invest the rest!)

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

BiggerPockets Podcast 763 with Barbara Corcoran

BiggerPockets Podcast 810 with Greg Harden

BiggerPockets Podcast 700 with Rob Dyrdek

Connect with Mikey:

Mikey's Instagram

Mikey's Website

Mikey's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-818

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

Recorded at Spotify Studios LA.

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

817: 2 “Slam Dunk” Small Multifamily Deals in 2023 (and Where to Find Them) w/Dan Nelson and Jodi Gauthier Sep 12, 2023

Small multifamily properties are one of the EASIEST ways to get into real estate investing. But, your market may be a little too pricey or lack the supply for you to invest in these “slam dunk” deals. So, where do you go? We’ve got two elite agents from the South and Midwest that can help YOU get your next killer deal in metro areas that are seeing STRONG demand, renter growth, and rising rents.

To tell us about Chicago, the “we don’t actually love deep dish” city, is Dan Nelson. Dan was recently able to access a “private listing” that was severely underpriced. He brought this deal to a rookie client of his, who ended up making a MASSIVE amount of equity on closing. We’ll also chat with Jodi Gauthier, a Houston-based agent who secured a very lucrative seller-financed deal for her client, who couldn’t get a mortgage anywhere else.

You might think these deals are too good to be true, ESPECIALLY in 2023’s housing market. But, we’re here to prove that as long as you’re in the right market, running the right numbers, with the right agent, you too can lock down these “slam dunk” small multifamily deals.

In This Episode We Cover:

Two housing markets with “slam dunk” small multifamily opportunities

Metrics to watch BEFORE you invest in a market and how to know your home will appreciate

What to do when you CAN’T find cash flow in your area (and whether or not cash flow is worth it)

Seller financing and how to buy properties when you can’t get approved for a loan

Questions to ask your agent to see whether or not they TRULY know what they’re doing

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 Our Last “Elite Agent” Show

Barbara Corcoran’s Wild Real Estate Tactics You’ll Want to Repeat

Book Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Connect with Dan:

Dan's BiggerPockets Profile

Connect with Jodi:

Jodi's BiggerPockets Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-817

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

816: Seeing Greene: How to Invest with $20K and “Luxury” House Hacking Sep 10, 2023

Don’t know how to invest in real estate? If you’ve got $20K (or less) sitting around, there’s a good chance that you could start TODAY. With home prices still sky-high and most Americans under the impression that buying is out of the picture, David Greene comes in to save the day with the “sneaky rental tactic” that can help you start building a real estate portfolio for less than it costs to buy a car!

Welcome back to the long-awaited return of Seeing Greene. We’ve taken some of the BEST questions from BiggerPockets listeners just like you and rapid-fired them at David to get his take. In this show, a military couple is looking to start investing but doesn’t know where to begin. A wholesaler wants to buy rentals with a partner but doesn’t know how they should form an LLC. A high-earner debates whether a “luxury house hack” is worth the extra money. Finally, an active-duty family debates selling their homes, and a deputy sheriff wants to know where best to put her leftover cash from a home sale.

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:

How to invest in real estate with $20K using the “sneaky rental tactic”

“Luxury house hacking” and why buying better properties may be worth the lower cash flow

Rental property LLCs and whether or not to form one for your future partnerships

When to sell your properties and whether or not a housing crash could be on the horizon

The “base hit” rental properties that will make you RICH when you retire

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 Our Episode on Real Estate Partnerships

Meet David at BPCon 2023

Luxury House Hacking Explained

Books Mentioned in the Show

Pillars of Wealth by David Greene

Real Estate Partnerships by Ashley Kher & Tony Robinson

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-816

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

815: $10K/Month at 25 Years Old by Buying $100K Properties w/Soli Cayetano Sep 07, 2023

Soli Cayetano makes over $10K per month in passive income at age twenty-five by buying the rental properties that most investors actively avoid. These properties are often in overlooked markets that aren’t as attractive as San Diego, Miami, Austin, or Seattle, but they make her as much, if not more, money. The houses Soli buys are often $100K or less, meaning almost any investor reading this could come close to buying one.

In three years, Soli turned $50K into a $5M real estate portfolio, enough passive income to support her for life, and an online following constantly finding and funding deals for her. She started building her real estate portfolio right after college when lockdowns took away her chance to make any active income. After reading David Greene’s Long-Distance Real Estate Investing and listening to the Real Estate Rookie podcast, Soli scraped together every dollar she had and bought a Midwest rental that needed serious rehab.

Now, a few years later, she and her partners own dozens of rentals across multiple markets. As a result, Soli was able to quit her job, focus entirely on real estate, and achieve ultimate time freedom. But will her cash-flow-first model work out in the long run? David goes head to head with Soli in this episode to debate whether or not these “cheap” markets are a mistake to invest in.

In This Episode We Cover:

Out-of-state investing and where to buy rental properties for just $100K

Expensive properties vs. cheap properties and which will really make you richer

Keeping yourself accountable and why you need to tell people your goals to make them happen

Raising private money and how Soli got over 800 private investors through Instagram alone

Real estate partnerships and how to grow your portfolio FAR faster by not going solo

The battle of the BRRRRs and a David vs. Soli debate over which markets make the most money

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

Listen to The “Real Estate Rookie” Podcast

Check Out Soli On the “On The Market” Podcast

Books Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Connect with Soli

Soli's BiggerPockets Profile

Soli's Instagram

Soli's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-815

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

814: BiggerNews: Home Prices to Stall as “Deflation” Concerns Pop Up Sep 05, 2023

Home prices are about to slowly slump, real estate agents get their listings held for ransom, “deflation” concerns begin to grow, and multibillion-dollar lawsuits could change real estate investing forever. In other news, it’s just another day in the 2023 housing market. Some say the sky is falling, others are optimistic, but what do the equally named yet unequally-haired Daves think will happen? Tune into this BiggerNews to find out!

David Greene and Dave Meyer are reviewing some top headlines on today’s real estate market. Whether you love them or not, real estate agents are at the center of this episode as new lawsuits and cybersecurity attacks put their careers at risk. And this is no exaggeration—one of these stories could foreshadow “the beginning of the end” for real estate as we know it, and David has some strong opinions to share.

We’ll also touch on how “deflation” could push prices down as the US economy enters shaky territory and what would have to happen for us to realize this notorious economic event. And if you’re ready to buy or sell a home this year, we have good/bad news for you (depending on what you’re doing) as Goldman Sachs releases their newest home price predictions for 2023 and 2024.

In This Episode We Cover:

The multibillion-dollar lawsuits that could create HUGE hurdles for first-time home buyers

Deflation concerns and whether or not inflation could reverse entirely

Home price predictions and why the housing market could fall flat

MLS (multiple listing service) cyberattacks that are holding real estate agents hostage

Why institutional investors want to END buyer’s agents and take over home buying

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

New Agent Lawsuits Could Have Profound Effects for Buying and Selling Homes

Where America’s Most Accurate Forecaster Sees Home Prices in 2024

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-814

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

813: Seeing Greene: The Real Estate “Red Pill” That Made Me $400K/Year w/Dana Bull Sep 03, 2023

Real estate investing is changing. Builders aren’t building what buyers and renters want, insurance companies are pulling out of top investing states, and property threats are growing increasingly common. This may sound like doom and gloom to you, but in reality, it’s keeping your competition out of the game, and if you use the advice on today’s show, you could build wealth while most cower in fear.

Seeing Greene is back again as David is on to give his time-tested wisdom to every real estate investor on the planet. But he’s got backup. Rob hangs around on this episode, and special guest Dana Bull, the “know when to stop” investor, is here to drop some knowledge bombs. We take viewer questions like whether you should buy one pricey property or a handful of smaller rentals, what to do when a property you’re buying has an illegal ADU (accessory dwelling unit), why insurance companies are leaving states like California, Florida, and Texas, and what’s the BEST property type to buy in today’s market?

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:

The real estate “red pill” you must swallow if you want to become wealthy

Why knowing your “why” is overrated, but having THIS goal isn’t

The three rules of real estate and why you should NEVER skip any of them

Going big vs. small on your first rental property and the “jump-start” plan you’ll need

Illegal additions and ADUs and whether or not a home is worth buying with one

Insurance problems and why policies are being dropped in high-risk states

The one property type you should focus on when buying 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

Hear Our First Episode with Dana

BiggerPockets Podcast 795 with Chad “Coach” Carson

BiggerPockets Podcast 798 with Alex and Leila Hormozi

“This Is The Hardest Property Insurance Market Ever"

Connect with Dana:

Dana's BiggerPockets Profile

Dana's Instagram

Dana's LinkedIn

Dana's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-813

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

812: 17 Properties in 3 Years Thanks to “Non-Stop Rejection” w/Jason Lee Aug 31, 2023

Jason Lee owns more rental properties than most full-time real estate investors. But, he didn’t do this by investing after the last housing crash, inheriting millions from his parents, or buying a hundred-unit apartment building at once. Actually, Jason seemed like the least likely person to end up as a big earner. He was raised in a household where finances were a constant source of contention, and he only went to college to play sports.

Jason’s parents gave him one choice: become a doctor, lawyer, or other high-skilled professional, so he wouldn’t have to struggle like they did. After scraping through pre-med classes, living in the library, and dedicating all his time to school, he thought what every real estate investor thinks, “Maybe this isn’t the right path.” After having a sudden mental breakthrough, Jason knew he couldn’t continue. So what did he do instead? Real estate.

He was working (for free) four days a week and going to school two just to level up his skills so that he could finally do what he loved when he graduated. His first deal almost blew up, he almost quit, and he got six figures stolen from him, but Jason is now back on top, only three years after graduating, with a portfolio in the eight figures. How’d he do it so fast? Stick around and find out.

In This Episode We Cover

Quitting a (potential) career to focus on what will REALLY build your wealth

How non-stop rejection allowed Jason to become one of the most successful brokers/investors in his area

Why working for free has a far higher ROI than most college students think

Investing in an expensive market and why “cash flow” doesn’t matter

How to NOT get scammed by a contractor and signs yours is stealing money

Jason’s “formula for underwriting” and what he looks at most when doing deals

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

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-812

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

Recorded at Spotify Studios LA.

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

811: 3 Real Estate Tools That'll Save You DOZENS of Hours Aug 29, 2023

These three real estate investing tools can make you more money in less time and with less effort than ever. Just ask Mark Simpson from Boostly; he used just one of these tools to bring in over six figures in sales, save dozens of hours a week, and reach thousands of prospects instantly. But, as a small investor, will these tools help you build wealth faster? The answer is a resounding YES!

In this episode, we’re going over three types of real estate investing tools that have helped us scale our portfolios and businesses to new heights. And whether you own a rental portfolio, have a few properties, are still looking to buy your first, or run an entire real estate business, these tools can help ANYONE with ANY skill set, no matter what you do or how long you’ve been doing it.

From automatically personalized video messages for prospects to a tool that will design your house for you and automations that make your team faster, many of these tools are free or cost FAR less than traditional methods. Now you can reach out to sellers, redesign a rental, and have tasks automatically assigned at the SAME time while you focus on building your business.

In This Episode We Cover

How AI (artificial intelligence) is changing the way real estate investors do deals

How Mark from Boostly made six figures by sending this “personalized” video to prospects

The “scraper” tool that can save you dozens of hours by automatically grabbing property information

Remodeling and redesigning a rental in MINUTES (even if you have ZERO experience)

What to do when/if AI takes over and how to set yourself apart from the “lazy” investors

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 Mark’s Past Episode on Direct Bookings

Catch Mark at BPCon 2023

BiggerPockets Podcast with Alex Hormozi

Jesse Vasquez on Airbnb

Robuilt on ChatGPT

Connect with Mark:

Boostly Website

Email for Prompt List

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-811

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

810: Tom Brady’s Coach: You DON’T Need to Be the Best to Get the Best Results w/Greg Harden Aug 27, 2023

Tom Brady is the GOAT (greatest of all time). But that makes his performance coach, Greg Harden, the GCOAT (greatest coach of all time). Greg has been coaching elite athletes like Tom Brady, Michael Phelps, and Desmond Howard, as well as top executives at some of the most well-known companies in the world. He knows what makes someone successful and, more importantly, what does not.

But you’re probably thinking, “What do I have in common with Tom Brady?” Ask yourself a few questions. Do you want a better life? Do you want to win? Do you want to enjoy the time you’re not working? What could life be like without fearing the future? All of these questions are answered by Greg today, and they’re the same questions he’s been answering for decades to help top athletes reach their peak.

In today’s show, Greg explains why giving 100%, 100% of the time is the ONLY option for success, how consistency beats skill, why you’re not changing (even though you want to), and how to turn your fear into an eternal fire that will make your life better than it’s ever been before.

In This Episode We Cover:

The mental secrets that only elite athletes know about

How to let go and why your past baggage is self-sabotaging your life

Controlling the controllables and how to stop letting life push you around

The real way to relax and why only the best of the best know how to turn off

Why fear is more predictable than you think and how to turn anxiety and ego into fuel for your fire

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

What Tom Brady Can Teach Us About Real Estate Investing

5 Tactics to Overcome Fear and Start Investing NOW!

Grab Greg’s New Book, “Stay Sane in an Insane World”

Connect with Greg:

Greg's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-810

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

Recorded at Spotify Studios LA.

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

809: How 1 Rental Property Saved Corey Kent’s Financial Future Aug 24, 2023

Just six years ago, Corey Kent was a broke college graduate, renting out half of a room to save money, eating the same meal every day of the week. His dream was to make a living as a musician without selling out. Now, most country music fans know Corey's name and his platinum record speaks for itself. But what you don’t know is that Corey fueled his music career thanks to a handful of properties he bought years ago.

Corey’s side project real estate portfolio allowed him to launch his music career, make passive income when times got tough, and fall on his feet when the world was shut down. Corey was looking to invest in property at just seventeen years old, but when a bank turned him away, he had to change his entire mindset and learn the personal finance game from a very early age.

After his grandfather taught him the do’s and don’ts of buying raw land, Corey slowly built his real estate portfolio. At this time, Corey was below the poverty line, sleeping in his truck and saving whatever money he could to invest. He continued to buy property, EVEN when times were tight, successfully using his passive income to help him leapfrog into later becoming a chart-topping musician who now can follow his one true passion.

In This Episode We Cover:

Investing in real estate when you have low (or no) credit

Buying land and the rule of thumb that Corey ALWAYS follows before he invests

Corey’s “side project” passive real estate portfolio that helps pay for his lifestyle

How one rental property saved Corey’s family when the lockdowns began

Why real estate DOESN’T need to be your passion to build passive income

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

12 Ways To Make Passive Income From Real Estate Investing

The Risks and Rewards of Investing in Raw Land

Is Raw Land the Most Underrated Asset of 2023?

Connect with Corey:

Corey's Facebook

Corey's Instagram

Corey's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-809

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

808: This “CARFAX for Properties” Could Change EVERYTHING About Investing w/Sheila Fejeran and Teresa Grobecker Aug 22, 2023

Real estate investing is about to get much, much easier. Up until now, buying a property has seemed like a guessing game. Your real estate agent, inspector, and title company do their best to ensure you’re buying the right home, but a few months, or weeks, into owning it, something breaks. But not something small—something huge. Now you’re on the hook for tens of thousands in repairs, and this is just one of many things that could go wrong.

What if there was a way to see EXACTLY what a home has been through since it was built? What if you could know about every past owner, system malfunction, renovation, repair, or addition to the home? And what if you could access it in seconds when analyzing deals? Sheila Fejeran and Teresa Grobecker from Consortia are building the technology that lets you do just that.

Consortia is real estate on the blockchain. But before you start thinking crypto, know that this is something MUCH different. Consortia gives interested parties—lenders, agents, buyers, and more—access to information you would have NEVER known about a home. But that’s not all. Consortia makes closing and lending quicker, so you can buy a house FAR faster than ever imagined.

In This Episode We Cover:

How the “CARFAX for properties” will make buying rentals painless

The blockchain explained and how it will evolve the entire real estate industry

Uncovering unknown property risks and how investors can use Consortia to buy even better deals

Stopping wire fraud in its tracks and how blockchain could solve this HUGE payment problem

Why you should NEVER, ever decline title insurance on a property purchase

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

4 Reasons Cryptocurrencies & Blockchain Technology Are Poised to Transform Real Estate

Learn More About Consortia

Connect with Sheila and Teresa:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-808

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

807: How to Build a Deal Flow “Funnel” to Get UNLIMITED Deals Sent To You w/James Dainard and Sam Primm Aug 20, 2023

Want to grab the best real estate deals before the rest? The properties with motivated sellers, high-profit potential, equity upside, and BIG cash flow—the real estate deals that every investor dreams about getting. Well, what if we told you that top investors have a tried-and-true way to get them before anyone else and that they do this consistently, every day, every year, while ninety percent of investors are forced to buy their scraps?

Of course, we’re talking about funnels. Not the cake you buy at the fair or the thing you use to pour oil—we’re talking about real estate marketing funnels, and if you know how to use them, you can make money at ANY TIME with ANY property. James Dainard and Sam Primm have been using marketing funnels for years to get off-market deals sent their way. But they’ve also used them to get agent business, find property buyers, and build investor lists. So how do they do it?

Today you’ll get a masterclass on building your own investing funnel, so you can get the best deals sent to you instead of picking up low-profit on-market properties. This is the same system the TOP investors are using, and if you repeat the steps outlined today, you’ll be able to build a bigger portfolio, create more passive income, and reach financial freedom faster.

In This Episode We Cover:

How to find more real estate deals, buyers, sellers, and investors in ANY market

The #1 thing you MUST do when creating a real estate marketing funnel

Metrics and KPIs (key performance indicators) to track (so you don’t waste $$)

TV ads, direct mail, cold calling, and other funnel sources you can use to grab deals

What to do when your funnel is costing you money but not providing the leads you need

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 James on The “On The Market” Podcast Wherever You Listen to Podcasts:

Hear Our Last Episode with James and Sam on Finding Off-Market Deals

The 6-Step Funnel Needed to Find Unlimited Real Estate Deals

Easy Button Leads

PropStream

Connect with James and Sam:

James' Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-807

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

How to Find Financial Freedom with Small Multifamily Rentals Aug 19, 2023

Small multifamily investing is one of the fastest ways to reach financial freedom through real estate. With just a few multifamily rental properties, you can create passive income streams that’ll allow you to retire from your W2 job, go full-time into real estate investing, or have enough money to do whatever you want, whenever you want. Don’t think it’s still possible? Dave Meyer, multifamily investor and VP of Data and Analytics at BiggerPockets, may change your mind.

Dave started investing in real estate by buying a couple of small multifamily rentals within a block of each other. He lived in one of the units while renting out the others, allowing him to live for free and collect some sizable cash flow. Now, years later, Dave is collecting around $5,000 per MONTH from just these two properties. And if you invest in small multifamily rentals, you could experience the same cash flow!

If you want to invest like the experts and use the tools and calculators from this episode, sign up for BiggerPockets Pro and use code “FAMILYPOD20” for a discount!

In This Episode We Cover:

How to achieve financial freedom by investing in SMALL multifamily real estate

The four MAJOR benefits small multifamily boasts and why you’ll want to get in NOW

The financial freedom formula and calculating out how much you REALLY need

Financing your small multifamily rentals using loans and creative financing

How to use the BiggerPockets Rental Property Calculator to calculate cash flow, cash-on-cash return, and long-term profit

The dangers you MUST look out for before investing in ANY multifamily deal

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

Already Pro? Check Out Pro Exclusive Videos!

DealMachine

ListSource

Grab the Small Multifamily Slides and Worksheet:

Slides

Worksheet

Hear Dave on The “On The Market” Podcast Wherever You Listen to Podcasts:

Book Mentioned in the Show:

Real Estate by the Numbers by J Scott & Dave Meyer

The Multifamily Millionaire by Brandon Turner

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-q3-1

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

806: How Two Soccer Moms Went from Small Multifamily to $11M Real Estate Deals w/Breanne Weber and Denise Mayen Aug 17, 2023

Want to invest in multimillion-dollar multifamily deals? You might think you don’t have what it takes to take down seven or even eight-figure real estate investments, but you’d probably be wrong. Today’s guests went from buying $99,000 rental properties to $11M multifamily apartment complexes while raising young children. So how do you scale from small to large multifamily and do it at a time when asset prices are so high, and competition remains fierce?

David Greene is joined by Matt Faircloth, instructor of the BiggerPockets Multifamily Bootcamp and author of Raising Private Capital. If you’re an avid BiggerPockets listener, you’ve probably heard Matt before on our past multifamily episodes. Today, Matt brought two of his students, Breanne Weber and Denise Mayen, to touch on how they went from real estate rookies with a few flips and rentals to chasing $11M multifamily real estate deals.

Breanne and Denise walk through their steps to find, analyze, and raise capital for massive multifamily deals. From finding the right partners to building your team, splitting roles and responsibilities, and chasing deals that seem almost impossible, today’s episode is for ANYONE who wants to level up their real estate portfolio and get into bigger properties with better profits.

In This Episode We Cover:

How to go from small to large multifamily investments and why you need to be “adding more zeros”

Finding your perfect real estate partner and what they should have that you don’t

Raising private capital for your real estate deals and why it’s not as hard as you think

The four real estate “superpowers” your team MUST possess to get big deals done

Diving deep into the $11M, 104-unit deal Breanne and Denise got under contract

When to walk away from a real estate deal and how to know it’s too much to handle

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

Breanne's BiggerPockets Profile

Derosa Group

Book Mentioned in the Show:

Grab The Revised Edition of “Raising Private Capital” by Matt Faircloth

Connect with Breanne & Denise:

Denise's BiggerPockets Profile

Braid Capital

Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-806

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

805: 2 “Cash Flow” Housing Markets That Are On Track for Big Growth w/Brandon Ribeiro and Peter Stewart Aug 15, 2023

Think every housing market is too expensive to buy in? Think again. We’re going over two of the country’s biggest cash flow housing markets and showing why they may be your next best bet when buying rental property. And while, traditionally, cash flow real estate markets have been associated with constant turnover, low appreciation, and consistent headaches, these two markets defy the odds—if you know where to buy.

Peter Stewart, Indianapolis agent and investor, is on today to discuss why his underrated but surprisingly lucrative housing market deserves your dollars. He’s got clients doing BRRRRs, flips, and regular rental properties with crazy cash flow numbers and returns in the triple-digit percentages! Then we talk to Brandon Ribeiro, Philadelphia commercial agent who recently scored his buyer a rock-bottom mortgage rate (3%!) that will double the cash flow on his newest property.

Interested in investing in markets like this? Need a local expert to guide you through the buying process? Check out BiggerPockets Agent Finder to connect with an expert agent in your area. It’s completely free, and you’ll get matched with experts who can talk about cash flow, not just granite countertops.

In This Episode We Cover:

Two cash flow real estate markets with strong signs for buyers

The market metrics you MUST look at before buying in ANY area

The “danger” of investing in cash flow areas and what you MUST avoid when doing so

The 130% cash-on-cash return BRRRR that you can buy in THIS market

How to lock down a rock-bottom mortgage rate with seller-financing

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

Book Mentioned in the Show:

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

Connect with Brandon & Peter:

Peter's BiggerPockets Profile

Brandon's Website

Peter's Facebook

Peter's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-805

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

804: What to Do TODAY to Instantly Find More Real Estate Deals Aug 13, 2023

Support the relief efforts for the Maui wildfires by donating to the organizations below or clicking here. Together, we can make a difference for those affected by this tragic event:

HAWAI‘I COMMUNITY FOUNDATION: https://www.hawaiicommunityfoundation.org/maui-strong

MAUI UNITED WAY: https://mauiunitedway.org/

MAUI FOOD BANK: https://mauifoodbank.org/

MAUI HUMANE SOCIETY: https://www.mauihumanesociety.org/

RED CROSS: https://www.redcross.org/local/hawaii.html

_____

Real estate investing isn’t what it used to be. Back in 2010, in a post-crash housing market, almost any property in any area could cash flow easily. Back then, the question wasn’t “Where are the deals?” It was “Which deal should I buy?” But things have changed, and now in 2023, homes are hard to purchase, let alone cash flow, and more and more real estate investors are giving up simply because they don’t know the new rules of the game. So, here’s what you NEED to know.

Before we unlock every wealth-building secret in the book, let’s welcome back Danny Zapata, Philip Hernandez, and Wendy St. Clair, our recent mentees of the ninety-day mentorship! We brought them back on the show to talk about deals they’ve done, the progress they’ve made, and where they’ve fallen off track. One mentee left their job, another is handling headache evictions, and one had to put a pause on real estate. But now, they’re ALL ready to expand their empires, but they’ll need some advice first.

In this episode, David and Rob show you how to get more real estate deals TODAY, why you’re doing meetups all wrong, the reality of cash flow and why “mailbox money” isn’t what it used to be, and what to do when you CAN’T find the momentum to keep growing your wealth.

In This Episode We Cover

How to find more real estate deals instantly (even in 2023!)

The “reverse escalator” of wealth and why most Americans are getting left behind

What to do when you’ve lost momentum along your real estate journey

Replacing your job with real estate and the smartest, cheapest way to buy home-run rental properties

Why you MUST sacrifice short-term cash flow for long-term wealth

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

Attend a BiggerPockets Meetup

BiggerPockets Podcast 708

BiggerPockets Podcast 719

BiggerPockets Podcast 726

BiggerPockets Podcast 738

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

Connect with Danny, Philip, And Wendy:

Danny's BiggerPockets Profile

Danny's Instagram

Philip's BiggerPockets Profile

Philip's Instagram

Philip's Website

Wendy's BiggerPockets Profile

Wendy's Instagram

Recorded at Spotify Studios LA.

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-804

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

803: Building a $1.8M Real Estate Portfolio by Outsourcing Your “Weaknesses” w/Andy Gil Aug 10, 2023

Want to build a million-dollar real estate portfolio? We’ve got good news for you! You DON’T have to rush full-steam ahead, buying every property that crosses your path to reach financial freedom. That’s right, instead of buying dozens of units a year, you can buy a dozen units within a couple of decades, taking the slow, steady path to building wealth instead of ferociously racing to rack up as many rentals as possible.

While it may sound like every real estate investor is constantly on a buying spree, this is far from the truth. Investors like Andy Gil have been able to build seven-figure real estate portfolios without sacrificing time with family or infringing on their morals to make more money. Far from it, actually; Andy is outwardly trying to make it easier for often neglected renters to find a safe place to stay.

Through the past two decades, Andy has been building his rental property portfolio up to the twelve units it is today. He never thought he would be the person to buy a house, let alone own a rental portfolio. Still, thanks to his differences that make him a superhero in aspects most investors would dread, he’s built serious wealth without sacrificing what’s important. In this episode, you’ll hear precisely how Andy did it, his “T-Rex” policy that entices renters, outsourcing your weaknesses, and using your differences to build wealth.

In This Episode We Cover:

Andy’s “T-Rex” rental policy that leads to low vacancy and a steady stream of passive income

Outsourcing your weaknesses and why you MUST know what you don’t do well

Buying a “fractured condo association” and why Andy is all-in on this uncommon asset class

Taking obstacles and turning them into opportunities along your investing journey

How multifamily real estate investors can prepare for an upcoming wave of vacancies

Why unit count DOESN’T matter, but the wealth in those units does!

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

A Slow, Steady, and Sustainable Way to Buy Rentals

The Ultimate Guide to Adding Systems & Outsourcing to Work Less in Real Estate

Going Into Multifamily When You’re Fairly New to Real Estate

Connect with Andy:

Andy's BiggerPockets Profile

Andy's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-803

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

802: Codie Sanchez: Passive Income is a Scam, Do This Instead Aug 08, 2023

Codie Sanchez doesn’t believe in passive income but still makes millions of dollars a year with businesses that don’t require her input. To her, building businesses isn’t the “set it and forget it” dream that most investors think it will be, but it sure beats having a job. Codie has built her wealth by buying “boring” businesses that most people overlook. Car washes, laundromats, and self-storage are some of her portfolio favorites, and they could make you a killing too.

So, what business should you buy? In today’s episode, Codie goes over the exact type of businesses real estate investors should be looking into, what to do before you even begin your search, and how to hire someone else to run the business so you don’t have to. But you might think, “I have no experience doing ANYTHING like this.” Thankfully, you don’t need to be a former CEO or investing expert to buy profitable boring businesses, but you need something almost everyone has.

From there, Codie dives deep into the secret of “talent management” and how to keep great employees around while making them rich, plus the one partnership tip that could stop you from getting scammed and losing hundreds of thousands of dollars (this happened to Codie). Want to buy a business and leave your nine-to-five behind? Tune in!

In This Episode We Cover:

How to buy a “boring” business that will build wealth for you

The passive income scam and why the money you make comes with a cost

Hiring out your business so you can spend time doing what you want

The talent management “secret” and how to keep the best employees around for decades

The businesses that real estate investors should look at buying

Codie’s rules of thumb that she follows when buying ANY type of business

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

BiggerPockets Real Estate Podcast 614

BiggerPockets Money Podcast 416

BiggerPockets Business Podcast 105

Buying and Growing a Small Business With Little to No Risk

Books Mentioned in the Show:

Winning by Tim Grover

Connect with Codie:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-802

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

801: The Secret to Building a Rental Portfolio With Limited Time, Money, or Experience Aug 06, 2023

No time or money to invest? You need a real estate partnership. What keeps almost every real estate rookie from investing is the fear that they’ll fail or that they don’t have enough to get started. But what if you could join forces with an experienced investor and learn the real estate investing game while gaining equity? Or, what if you’re busy making money from a high-paid job or business and don’t want to manage tenants, toilets, or trash? Well, there’s a good chance a partnership could take your passive income to the next level.

To help unlock the world of real estate partnership, Ashley Kehr and Tony Robinson from the Real Estate Rookie podcast join us and give a glimpse into their new book, Real Estate Partnerships. In it, they talk about the four reasons why most investors need a partner, where to find the right person to invest with, the different types of partnerships (equity vs. debt), and red flags that you CAN’T ignore.

Both Ashley and Tony have built multimillion-dollar real estate portfolios thanks to partnering up. So, if you’ve tried to go at it alone and aren’t having much luck building wealth, this may be your sign to start searching for a partner who will help you build your rental property portfolio!

Grab your copy of Real Estate Partnerships and use code “PARTNER801” at checkout for an exclusive discount.

In This Episode We Cover:

The four signs that you NEED a partnership to succeed in real estate

The red flags to RUN away from if you see them in a potential partner

Debt partnerships vs. equity partnerships and how the wrong one could kill your deal

The partnership agreement and why you MUST sign one before you start investing together

Where to find the perfect real estate partner (they’re closer than you think!)

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 Use the DISC Profile to Communicate Effectively in Business

Grab Your Copy of “Real Estate Partnerships” and Use Code “PARTNER801” at Checkout

Connect with Ashley & Tony:

Ashley Kehr's BiggerPockets Profile

Tony Robinson's BiggerPockets Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-801

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

Recorded at Spotify Studios LA.

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

800: Million-Dollar Advice from Millionaire Investors Codie Sanchez, Alex and Leila Hormozi, and More! Aug 03, 2023

Want to be a millionaire? We sat down with Codie Sanchez, Alex and Leila Hormozi, Mikey Taylor, Cody Davis, Christian Osgood, and other multimillionaires and distilled their most critical investing, business, and entrepreneurship advice into one episode. But we couldn’t unleash all this wealth-building content on any old episode, so we packaged it up and made it into our episode 800 special!

This time, we’re not just hearing from one successful guest but dozens of them as we get their take on the biggest mistakes, the worst wastes of money, the best advice they’ve ever received, and whether or not you’re too old (or young) to get rich. You’ll hear what’s holding them back today and the one thing they wished they had done earlier that would have made them millions more and saved thousands of hours.

Stick around because this episode is a masterclass on making your first (or next) million from investors who are playing the game better than anyone else. Be sure to keep an eye on the BiggerPockets feed, as these full interviews will be released over the next few weeks!

In This Episode We Cover:

What you should NEVER ignore if you’re building a rental portfolio or business

Why focusing on making money while you’re young is a WASTE of time

The $3,000 purchase that Alex and Leila Hormozi wish they could take back

Why you DON’T need money to make millions and an eight-figure mistake you CAN’T repeat

Building your systems and processes NOW so you can relax while others work for you

Shiny object syndrome and how it’s secretly making you broke

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

Andrew Cushman's BiggerPockets Profile

Connect with The Guest:

Alex Hormozi's Instagram

Alex's Latest Episode

Andrew's Latest Episode

Ashley Kehr's BiggerPockets Profile

Christian Osgood BiggerPockets Profile

Christian's Latest Episode

Codie Sanchez' Instagram

Codie's Latest Episode

Cody Davis' Instagram

Cody's Latest Episode

Danny's (Mentee) BiggerPockets Profile

Jason Lee's Instagram

Leila Hormozi's Instagram

Leila's Latest Episode

Mikey Taylor's Instagram

Philip's (Mentee) BiggerPockets Profile

Soli Cayetano's BiggerPockets Profile

Soli's Instagram

Tony Robinson's BiggerPockets Profile

Wendy's (Mentee) BiggerPockets Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-800

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

Recorded at Spotify Studios LA.

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

799: 3 Steps to Building a Simple, Safe, "No Bank" Rental Property Portfolio w/Cody Davis and Christian Osgood Aug 01, 2023

You can build a multifamily real estate portfolio without a ton of money, risk, or time. Cody Davis and Christian Osgood built their multimillion-dollar rental property portfolio in a matter of years, using strategies that ANYONE, no matter their experience level, can use. But, how they do things is a little unconventional and probably goes against everything top real estate investors have been telling you.

While the world looked to lock down as much debt as possible during 2020-2021’s low mortgage rates, Cody and Christian sought something else. This dynamic investing duo wanted long-term debt on excellent properties that could be paid off quickly, enabling them to own their portfolio outright. This meant that Cody and Christian would have to sacrifice a substantial amount of cash flow, keep their spending low, and only buy the best properties out there.

How Cody and Christian bought the properties is a strategy you most likely haven’t heard of before. It’s so ingenious that if you follow the same steps as Cody and Christian, you’ll be able to get THE best properties, at the best price, from a seller who WANTS you to make money off them. Doesn’t sound possible in such a cutthroat industry, does it? Stick around to learn the EXACT steps Cody and Christian took to build their low-risk, high-reward, eight-figure portfolio.

In This Episode We Cover:

How Cody and Christian built a 130-unit rental portfolio in just a few years

The three simple steps to seller financing and why you NEVER ask if an owner is selling

Working with realtors and how to turn on-market deals into off-market steals

Where to find seller-financed properties and owners that are most likely to sell

Mortgage rates, bank loans, and how to choose your own terms on your next loan

How to NEVER lose your wealth and why most investors are in for a rude awakening

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

BiggerPockets Podcast 554 with Cody

BiggerPockets Podcast 605 with Christian

How Cody Davis Acquired 81 Units By The Time He Turned 21

The Definitive Guide to Using Seller Financing to Buy Real Estate

Connect with Cody & Christian:

Cody's Instagram

Christian's BiggerPockets Profile

YouTube

Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-799

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

Recorded at Spotify Studios LA.

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

798: Leila and Alex Hormozi’s Unbelievably Simple Investing Advice Jul 30, 2023

Leila and Alex Hormozi are arguably the most popular business owners on the internet. After growing Gym Launch, one of their first major brands, and selling it for many millions, Leila and Alex knew that they had the secret sauce for building businesses. When someone asked them to use the same strategy for another brand, the idea of Acquisiton.com was born, and the seven, eight, and nine-figure wealth building began.

Now, Leila and Alex are running Acqusition.com at a rate that most entrepreneurs couldn’t even fathom. Their monthly revenues alone blow most businesses’ yearly numbers out of the water. And they’re doing it all as husband and wife, with less bickering and a lot more business getting done. Almost every wannabe entrepreneur wants what Leila and Alex have, so what’s their blueprint to success?

In this episode, Leila and Alex break down how they’ve built their nine-figure businesses, the secret to scaling your brand and making millions, the do’s and don’ts of working with your spouse, and Alex’s new book, $100M Leads. This is a masterclass in running your business the RIGHT way, and if you want to build multimillion-dollar wealth, you CANNOT miss this episode.

In This Episode We Cover:

Leila and Alex’s business blueprint and the exact way they build their brands

The secret to scaling and why it’s SO hard to hire the right people

Leila and Alex’s surprisingly simple investing advice that the wealthy follow

Working with your spouse and when you should (and shouldn’t) invite your partner to work with you

Who you should hire FIRST when building your small business

The eight ways to build eight-figure revenue streams for your business

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 Our Previous Interview with Alex

Leila on How to go from $0 to MILLIONAIRE

Books Mentioned in the Show

$100M Offers by Alex Hormozi

Connect with Alex:

Connect with Leila:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-798

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

Recorded at Spotify Studios LA.

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

797: 7 Rentals in 3 Years by Breaking All the Real Estate Rules w/Jenni Vega Jul 27, 2023

Most people take YEARS to buy their first rental property, but most people aren’t Jenni Vega. Instead of waiting, Jenni bought seven rentals in just three years, with almost unbelievable cash flow on each using what she calls the “golden triangle” method of investing. With this simple framework, Jenni was able to buy undervalued properties in cities that most investors don’t even have on their radar. The properties are cheaper, the profits are bigger, and if you copy Jenni’s method, you, too, can build a six-figure side income stream in just a few years.

Surprisingly, Jenni still keeps her day job as a Cutco closing gift saleswoman. In fact, it’s what got her into real estate. After working with dozens of realtors a week, Jenni learned about buy and hold rental property investing. It didn’t take long before she bought her first property in an area most investors would avoid. But, thanks to careful planning and intentional investing, Jenni turned this cheap property into a $50K/year revenue stream. And that was just the start.

Now, breaking all the “real estate rules,” Jenni is out to prove that almost any property can become a profitable vacation rental. Whether she’s adding game rooms, "redneck mini golf" courses, or cowboy pools, Jenni has turned lackluster properties into top-performing short-term rentals. If you follow her advice, you can do it too!

In This Episode We Cover:

The “golden triangle” method that ensures your rental will always be full

Breaking the “real estate rules” and why boring locations bring in BIG cash flow

Quitting your nine-to-five and why keeping your active income stream may be a better idea

Unique amenities that will make your vacation rental stand out in a saturated market

The short-term rental listing tip that could give you a boost in bookings

How to invest in short-term rentals in 2023 (and what to avoid before you start)

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 Tony on the “Real Estate Rookie” Podcast

Tony's YouTube

Subscribe to the “Real Estate Rookie” YouTube Channel

Learn About Tony’s Recent Deal Gone Wrong

Books Mentioned in the Show

HOLD: How to Find, Buy, and Rent Houses for Wealth by Steve Chader and Jennice Doty

Connect with Jenni:

Jenni's BiggerPockets Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-797

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

796: 2024 Housing Market Predictions and 3 Underrated Real Estate Markets to Watch Jul 25, 2023

We’ve got 2024 housing market predictions coming up in this episode. But don’t worry, David and Rob haven’t put their careers on the line to try and guess where home prices will be next year. Instead, we brought the expert panel from On the Market to give their best real estate predictions so David and Rob remain safe in the eyes of our darling listeners. Dave Meyer, host of On the Market and BiggerPockets VP of Data and Analytics, recaps the 2023 housing market and tells us what (and where) to look for as the year’s second half begins.

Dave and the expert investor panel will review everything that happened over the past six months in real estate. From home prices correcting and failing to crash to inventory falling back down to historic lows, days on market dwindling, and the “lock-in effect” for homeowners, the 2023 housing market turned out to be nothing we would have expected. But is there hope for rental property owners and real estate investors?

To answer that, our guests will give their mortgage rate, recession, and home price predictions. But that’s not all. They’ll also uncover some of the most underrated real estate markets across the nation, all showing strong signs of growth and huge profit potential. Get in before the masses do, and for more up-to-date real estate data, check out On the Market!

In This Episode We Cover:

The housing market correction explained and why we never had the crash so many predicted

Inventory updates and why homeowners are too “locked-in” to sell their homes

Mortgage rate predictions and where we could see rates end up in 2024

Home price forecasts and why one expert guest still thinks we’ll see sizable price jumps

Three “under the radar” real estate markets that you’ve (probably) never heard of

The #1 place to live in the US that has homes for half the US average!

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

Listen to The “On The Market” Podcast Wherever You Listen to Podcasts:

Subscribe to the “On the Market” YouTube Channel

The BIG Economic Implications of US Bank Failures w/Mark Zandi

NW Arkansas Skyline Reports

Connect with Dave, Kathy, Henry, & James:

Henry's Website

James' Website

Kathy's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-796

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

795: Making $10K/Month with a “Small and Mighty” Rental Portfolio w/Chad “Coach” Carson Jul 23, 2023

Rental properties and early retirement go together like peanut butter and jelly. If you want to leave your nine-to-five behind, make six figures, and have ultimate time freedom, real estate investing may be your best bet. But, with so many influencers constantly pushing “more doors,” it seems like real estate is becoming a death race to retirement, not something that grants total financial freedom. If you want to ACTUALLY retire early, with fewer headaches, and a lot of passive income, Chad “Coach” Carson is who you should listen to.

For the past year, Chad and his family have been living abroad in Spain. He’s taken time to learn Spanish, lounge around, and have a siesta while his rental properties create his passive income. The best part? Chad spends two hours (yes, TWO) a week running his rental property portfolio. But Chad didn’t need to build a real estate portfolio of a billion units to accomplish his goal of ultimate time flexibility. Instead, he built a “small and mighty” portfolio.

In today’s episode, Chad walks through how to build a rental property portfolio that will help you reach financial freedom without owning hundreds of units. He also uncovers why debt and leverage aren’t always the best option and why you should pay off your properties before they’re due! You can learn more about Chad’s exact strategy in his new book, “The Small and Mighty Real Estate Investor.” Use promo code “SMALL795” for a special discount!

In This Episode We Cover:

How to retire early with rental properties and only work two hours per week

When to take profits and when to reinvest in your portfolio

Delayed gratification and why you SHOULD take “mini-retirements” on the road to financial freedom

The five most commonly believed myths about building a real estate portfolio

Paying off your rentals early and the double benefit of being debt-free

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

BiggerPockets Podcast Ep 84

BiggerPockets Podcast Ep 141

BiggerPockets Podcast Ep 293

Real Estate Rookie Podcast Ep 306

BiggerPockets Money Podcast Ep 19

Books Mentioned in the Show

BRRRR by David Greene

Long-Distance Real Estate Investing by David Greene

Pick up your copy of “The Small and Mighty Real Estate Investor” and use code “SMALL795”

Connect with Chad:

Chad's BiggerPockets Profile

Chad's Podcast

Chad's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-795

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

BEFORE You Buy: How to Know Your Market (and Property) Will Make it In 2023 w/Dave Meyer Jul 22, 2023

Is your market worth buying in? With the economy on shaky footing, now ISN’T the time to guess. And once you find your investing area, how do you ensure your rental property will profit? Even in 2023, when cash flow is low, and home prices are high, it doesn’t take long to determine whether a rental is worth your money (or time). And, if you’re still trying to get your FIRST real estate deal, odds are you’re probably spending HOURS finding deals and crunching numbers. So let’s speed up the process.

In this webinar bonus, Dave Meyer, BiggerPockets VP of Data and Analytics and On the Market host, will walk through EXACTLY how to analyze a rental property in minutes, the tools he uses to calculate cash flow, cash on cash return, and more, and how to know whether or not a real estate market is worth investing in. With mortgage rates rising and affordability at historic lows, Dave was STILL able to find a property that produced positive cash flow. So, if Dave can find a deal like this, why can’t you? Stick around to learn how to calculate rental property profits in MINUTES and which markets are worth the money.

Ready to invest? Sign up for BiggerPockets Pro and use code “DEALANALYSIS” for 20% off an annual membership!

In This Episode We Cover:

How to analyze a real estate deal in any market, even if you have NO experience

The 2023 housing market and whether or not now is the right time to invest

Running a live deal analysis with the BiggerPockets Rental Property Calculator

Picking your real estate market and signs of one you should invest in

The EASIEST way to analyze deals and grow your rental portfolio faster

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 analyze a rental property

Book Mentioned in the Show

Real Estate by Numbers by Dave Meyer

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-q3-1

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

794: Buying Houses with $100 Down and Creative Finance Secrets Most Don't Know Jul 20, 2023

Creative finance is a home-buying hack that most people don’t know about. If you know what it is and how to use it, you can pick up properties for only a hundred dollars, build your rental portfolio faster than ever, and reach financial freedom in mere years. And in 2023, when the housing market is still hot, and home prices have barely cooled off, creative finance could be the solution to no cash flow and overpriced deals. But before you creatively finance your next rental property, you’ll need to know which strategy to use and when to use it.

Jenn and Joe Delle Fave used creative finance to move from snowy Upstate New York to sunny Florida after escaping soul-crushing work. Jenn, a former teacher, loved her career, and the time she spent with her kids. But Joe was stuck at the car dealership, working late into the night, sacrificing family time to make more money. He knew he needed a way out but didn’t want to give up the financial security of a W2. Everything changed when he had the “light bulb” moment to try creative finance.

Now, Jenn and Joe have run a full-time investing business, picking up pristine properties using strategies like seller financing, subject to, or wrap mortgages. They’ve acquired properties for very little down in some of the most competitive neighborhoods in the country, growing wealth WITH the time freedom they desired. Jenn and Joe give invaluable advice on which strategies work for which seller, the easiest way to get leads sent to you, and how you build wealth with real estate faster.

In This Episode We Cover:

The EASIEST way to get dozens of off-market properties sent to you EVERY DAY

The best creative financing strategies and when to use each

Wrap mortgages explained and taking advantage of someone else’s low mortgage rate

Time freedom and the “golden handcuffs” that stop you from accomplishing your dreams

The one thing you should ask EVERY seller before you buy a property

Investing with a spouse and the benefits of building a business together

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 Our Recent Episode with Creative Finance Master, Pace Morby

What Is Creative Financing And How To Use It In Real Estate

Connect with Jenn & Joe:

Jenn's BiggerPockets Profile

Jenn Instagram

Joe Instagram

Jenn & Joe's Facebook Group

Jenn & Joe's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-794

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

793: How to Analyze a Rental Property as a COMPLETE Beginner Jul 18, 2023

Don’t know how to analyze a rental property? After this episode, you’ll be a rental property analysis pro, knowing exactly how much money you’ll make on your first, second, or next real estate investment. But don’t worry; you won’t need any complex formulas, dense spreadsheets, or complicated math to calculate how much cash flow you’ll collect from your real estate deal. Instead, you can use the EXACT methods we show to analyze investment properties in minutes, EVEN if you’re a real estate rookie!

Wait? Did David and Rob morph into the queen of upstate real estate, Ashley Kehr, and short-term rental/skincare expert, Tony Robinson? Fortunately, David and Rob are safe and sound, and in this episode, Ashley and Tony from the Real Estate Rookie podcast will teach you EXACTLY how to analyze real estate deals in 2023. From long-term to short-term rentals, BRRRR properties, and choosing your real estate market, Ashley and Tony will go through everything you need to ensure your first or next real estate deal is a home run.

Our hosts will go step-by-step through analyzing a real estate investing market, signs of one you should invest in, building your “buy box,” analyzing a long-term, short-term, and BRRRR investment property, and how the 2023 housing market has changed. If you’re still waiting to get a rental property under contract, this is the place to start!

In This Episode We Cover:

How to analyze a rental property, short-term rental, or BRRRR investment from scratch

2023 housing market updates and what you MUST know before buying

Using the BiggerPockets rental property calculators to analyze properties in minutes

Where to find insurance prices, property taxes, and other KEY variables

The three things you MUST know before analyzing an Airbnb or vacation rental

Financing your real estate deal and rental property loans you can use to purchase an investment 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

BiggerPockets Calculators Used in This Episode:

Rental Property

BRRRR

Grab Tony’s Short-Term Rental Calculator

Tune into The “Real Estate Rookie” Podcast:

Podcast

YouTube

Investor Shout-Outs:

Zosia Madden (Rookie Ep 301)

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-793

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

792: Seeing Greene: How to Build a Business That Sets You Free w/Gary Harper Jul 16, 2023

Want to know how to start a business? One that will help you reach financial freedom, find purpose, and give you more opportunity to spend time with your family? Those are the reasons why almost all of us get into real estate investing, and while having a couple of rentals may not sound like a business to you, running your portfolio like a business will have immeasurable effects on your life. But first, you’ll need to know how the pros build businesses.

Gary Harper, esteemed business coach, went from a rental property investor shooing away copper thieves to Fortune 500 executive and now teaches other entrepreneurs how to do the same. He knows what it takes to build a successful business, why so many entrepreneurs fail, and how to delegate and eliminate tasks to build a business you enjoy running. Sounds like a dream, right?

In this special edition of Seeing Greene, David and Rob will take listener questions on starting a business, building a rental property portfolio, real estate partnerships, and what parents should do when entering the high-stress world of entrepreneurship. You’ll also hear why being fixated on profit could be a BIG mistake. All that and more are coming up in this episode!

In This Episode We Cover:

Going from employee to entrepreneur and what to focus on when building a business

Scaling a busy business and how to start outsourcing and automating tasks you don’t want to do

The “coaches” you can’t trust and signs that a mentor ACTUALLY has experience

Real estate partnerships and one of the biggest mistakes you can make when buying a property together

The work-life balance lie and what you should be focusing on instead

How parents can balance raising kids and building a 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

15 Things Every Newbie Needs to Know About Starting a Business

Work-Life Balance Is a Lie — Here’s How to Really Stress Less

Grab a Free Leadership Lesson from Gary

Connect with Sharper:

Sharper's Facebook

Sharper's Instagram

Sharper's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-792

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

792.5: How to Wholesale Real Estate (FREE Audiobook Chapter) Jul 16, 2023

Want to know EXACTLY how to wholesale real estate in 2023? If so, you’re in luck. Today, you’ll get a sneak peek of Jamil Damji’s newest book, How to Wholesale Real Estate. In it, investing expert and On the Market co-host Jamil Damji walks through exactly how to start wholesaling houses, even if you have no money or experience. But it’s not just about collecting checks from work you’ve done yourself; Jamil also teaches how to build a scalable business so you can focus on living life, not flipping contracts.

Want to pick up How to Wholesale Real Estate and other BiggerPockets best-selling audiobooks for 50% off? Head to https://www.biggerpockets.com/audiobooks to get your next BiggerPockets audiobook for half the price. Hurry! This sale ONLY lasts 24 hours!

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 Jamil On the “On the Market” Podcast

Book Mentioned in the Show:

How to Wholesale Real Estateby Jamil Damji

Wealth without Cash by Pace Morby

BRRRR by David Greene

Connect with Jamil:

Jamil's BiggerPockets Podcast

Jamil's Facebook

Jamil's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-792-5

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

791: 40 Rental Units and the “Desperate” Deals That Are Waiting for You w/Nate Shields and Troy Zimmerman Jul 13, 2023

Nate Shields and Troy Zimmerman had a straightforward goal: get to one hundred rental units in ten years. Now, near the halfway mark, Nate and Troy have made almost unbelievable progress in a real estate market most investors perceive as radioactive. With overpriced properties everywhere you look, out-of-whack cash flow, and high mortgage rates, will good deals ever come back? Thankfully for Nate and Troy, finding a deal was never the assignment; making a deal was.

After going through difficult partnerships in the past, Nate and Troy were hesitant to hop in the game together. But after years of getting to know each other’s strengths and weaknesses, it was only natural for them to tackle big deals together instead of small deals apart. Now, with forty rental units under their belt, they’re well on their way to hitting their hundred-unit goal. But this wouldn’t have worked out if they hadn’t made one special phone call.

In this episode, Nate and Troy will review their most recent acquisition, a fourteen-unit apartment complex with tricky financing in northwest Alabama. They’ll also share how calling one desperate listing agent unlocked a deal flow that brought dozens of units directly to them. If you’re struggling to invest in today’s demanding market and don’t think there are any deals worth the effort, this episode could change everything for you.

In This Episode We Cover:

The “desperate” real estate deals that NOBODY is looking at (and where to find them)

Real estate partnerships and why investing together beats going at it alone

Exit strategies and the BIG mistake most partnerships make when getting started

Why you might be just one phone call away from the best real estate deal of your life

Seller financing and how to use it to lower your loan costs and get a tricky deal done

Raising private capital and who you should (and shouldn’t) accept money from

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

Partnerships: What to Do Before You Jump in With Another Investor

Are You an Agent? Work with Nate to Get More Leads!

Connect with Nate & Troy:

Nate's BiggerPockets Profile

Nate's Instagram

Troy's BiggerPockets Profile

Troy's Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-791

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

790: BiggerNews: How to Find 0% Interest and Instant Cash Flow Deals in 2023 Jul 11, 2023

Want a zero percent interest rate and a paid-off seven-figure property? What about a quick fix and flip that’ll net you six figures in profits? Or, maybe buy an office and make nearly half a million dollars while having your own workplace? It’s 2023, and the housing market has turned most real estate investors off. Everyone thinks that deals are impossible to find, but funnily enough, we keep hearing stories about real estate investors making massive profits while residential buyers cower in fear. So, where can you find these deals?

We’ve brought back Kim Meredith-Hampton and Victor Steffen from the Tampa/St. Petersburg, Florida, area and the Dallas-Fort Worth, Texas, markets, respectively. Plus, Matthew Nicklin from southern seller’s market, Atlanta, Georgia, joins us as we review real deals from all three markets to show you that no matter the housing market cycle, you can STILL make money in real estate (even in 2023!)

We’ll go over six individual deals, from turnkey medium-term rentals selling at zero percent mortgage rates (with seller financing) to easy, instant cash flow deals with perfect tenants in place. But maybe you’re not a buy and hold investor. If so, a couple of flip deals are brought on to show that six-figure profit potential still exists for the right properties. And, we’ll deep dive into one of the agent’s commercial real estate deals that made nearly half a million dollars in equity alone!

In This Episode We Cover:

Three hot southern housing markets where you can still find real estate deals

Signs of a stable market and why you want to see faster home sales

Seller financing and how to use it to score a rock-bottom mortgage rate on your next rental

How to use private lending to make a killing without getting your hands dirty on a deal

“Office hacking” and turning unused space into cash flow and HUGE equity gains

Paying off your property faster and why having little-to-no cash flow may be worth an earlier retirement

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

BiggerPockets Articles on Atlanta

BiggerPockets Articles on Dallas

BiggerPockets Articles on Tampa

Connect with Kim, Matthew, & Victor:

Matthew's BiggerPockets Profile

Kim's Website

Matthew's Website

Victor's BiggerPockets Profile

Victor's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-790

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

789: Seeing Greene: Where to Find Deals in 2023 and How to Spend $100K Jul 09, 2023

Real estate deals are hard to come by in 2023. But, there are still a few overlooked rental markets that most investors aren’t aware of. In times like this, with investors ready to pounce on almost any property and other assets vastly underperforming real estate, you’ll need to think differently if you want to get ahead. Long gone are the days of buying any property in any market and expecting instant cash flow. Now, you’ve got to think like an expert investor and start Seeing Greene!

David is back with another Seeing Greene episode as we touch on how investors can find deals in 2023, which markets are worth looking into, why low cash flow isn’t such a bad thing, and how to decide between buying a single-family or a multifamily rental. We’ve also got some trickier-than-usual questions this time, as a seventeen-year-old wants to know where he should invest a $100K inheritance. We’ll also get into the nitty gritty of paying off loans vs. refinancing, where to find distressed properties, and what to do when natural disasters threaten your rental business.

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:

Emerging real estate markets that most investors overlook

Low cash flow and whether a rental is worth buying if it only profits a few hundred dollars a month

How to spend a $100K inheritance and why real estate ISN’T the best choice

BRRRR deals and how to find distressed properties that have huge equity potential

Hard and private money loans, interest-only payments, and when to pay off your debt

Single-family homes vs. multifamily and which makes the most money with the lowest down payment

Natural disasters and whether or not it’s worth it to invest in dangerous areas

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 Rent Estimator on Your Next Property

Seeing Greene Episode 762

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

Books Mentioned in the Show

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

Set for Life by Scott Trench

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-789

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

788: From $26K/Year Paycheck to $70K/MONTH Rent Checks w/Lamon Woods Jul 06, 2023

Lamon Woods used an ingenious rental property strategy to go from one house to over one hundred rentals in a small market without using almost any cash. This strategy is so brilliant that most real estate investors assume it doesn’t exist or they can’t use it in their rental property portfolio. Lamon luckily stumbled upon this way to invest, and now, he’s growing his real estate portfolio at a pace unfathomable to most landlords.

But Lamon didn’t start as some rental property investing expert. He was making a low income, working a job he had no passion for, and looking for any avenue that could help make him more money. When his wife suggested that they buy the house they were currently renting, Lamon put up a fight but eventually went along with the plan. It wasn’t until he moved out and rented his first home that the real estate investing lightbulb went off.

From there, Lamon realized how quickly passive income could replace his paycheck. So, he made it his goal to buy one house a year. The plan was working, but then Lamon realized he could purchase homes without using his own money. In fact, Lamon could take the properties he already owned and use them to grow his rental property portfolio even faster. Now with over one hundred units to his name, Lamon wants to teach other investors (like you) how to do the same!

In This Episode We Cover:

Lamon’s “infinite return” financing method that’ll let you buy properties with NO money down

“Cross collateralization” and how to use properties you already own to build your rental property portfolio

Knowing your real estate market and why over-improving will kill your cash flow

Replacing your paycheck with passive income and going from renter to landlord

Getting around your lender's seasoning period and how to use your equity WITHOUT having to wait

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 Use Home Equity to Buy Rentals

5 Reasons to Utilize Your Equity & How to Safely Invest It

How to Invest in Real Estate with No Money Down (4 Rules You NEED to Follow!)

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

Connect with Lamon:

Lamon's BiggerPockets

Lamon's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-788

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

787: 5 All-Time Favorite Tips For Financial Independence w/Brandon Turner Jul 04, 2023

Brandon Turner achieved financial independence in his late 20s. For most people, this would be the end of working, investing, or trying to better themselves. But for Brandon, this was only the start. Now a decade later, Brandon is managing close to one billion dollars in real estate, running numerous companies, and dedicating his efforts to eradicating human trafficking while simultaneously setting millions of Americans financially free. Brandon has, in almost every way, won the game of life, and he has five crucial tips to share with us today.

Back in the Sea Shed are long-time co-hosts Brandon and David as they travel back in time and revisit the five most important lessons learned on this podcast. These lessons aren’t just crucial in achieving financial independence. When taken to heart and implemented correctly, they will allow you to level up your life, relationships, friendships, and businesses. They will also set you apart from the 99% of people who want success but refuse to go out and get it.

From lessons about spilled sewage to podcast recordings gone wrong, designing the life you want to live, and taking ownership when everything starts falling apart, this is an episode you cannot afford to miss. If you want to achieve financial freedom, start living your dream life, and live a life like Brandon, you’ll have to tune in.

In This Episode We Cover:

The five most important lessons for financial freedom and building a better life

Knowing what you want (and going after it) even when fear takes over

Pushing past resistance and why pros show up while amateurs sleep in

The “crystal clear criteria” that makes buying real estate easier than ever before

Building your “vivid vision” and designing a life that you would love to live

Thinking five steps ahead and how future-planning will make you rich

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

BiggerPockets Podcast 447 with Cameron Herald (Vivid Vision)

BiggerPockets Podcast 443 with Jim Kwik

BiggerPockets Podcast 365 with Jocko Willink

BiggerPockets Podcast 457 with Patrick Bet-David

BiggerPockets Podcast 217 with Perry Marshall

BiggerPockets Podcast 461 with Steven Pressfield

Books Mentioned in the Show:

The Intention Journal by Brandon Turner

Multifamily Millionaire Volume I by Brandon Turner & Brian Murray

The One Thing by Gary Keller

Connect with Brandon:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-787

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

786: Brandon Turner on Crash Prophecies, Hawaii House Hacks, and Nickelback Bets Jul 02, 2023

Brandon Turner is back! That’s right, live from the Sea Shed are your beloved BiggerPockets hosts, Brandon and David! Can you feel the bromance brewing through your speakers, or is it just us? David flew out to attend one of Brandon’s recent events and conduct a two-part interview with one of the most popular property investors on the planet! And boy, oh boy, has Brandon been busy!

In this episode, David puts Brandon in the hot seat, going through a fire round of top-asked questions to get Brandon’s input on not just real estate but life. You’ll hear Brandon talk about housing market crash prophecies and whether or not he thinks they’ll come true, the struggles he’s facing with today’s intense competition, an unflattering tattoo that may or may not be part of a bet gone wrong, and why humiliation is one of the BEST ways to get you in the zone to WIN.

But that’s not all; you’ll hear about how Brandon used social media to build his entire real estate business, why NOW is the time to lock down good debt (and invest!), and why you need to STOP trying to survive and start looking to thrive! Tune in as we take a nostalgic walk down metaphor lane with Brandon and David!

In This Episode We Cover:

Finding financial freedom and why the everyday struggle to survive is NOT enough

Investing in 2023 and whether or not the housing market could be headed for a crash

Using social media to raise private capital, find employees, and grow your business

Facing humiliation and transforming negative emotions into the fire that propels you forward

Why you can’t buy happiness, but you CAN buy an “environment” that makes you happy

An update on Brandon’s bet with InvestorGirlBritt over who will get an embarrassing new tattoo

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

BiggerPokets Real Estate Podcast 92 with Brandon

BiggerPockets Real Estate Podcast 365 with Jocko Willink

BiggerPockets Real Estate Podcast 401 with Jordan Harbinger

Books Mentioned in the Show:

Brandon’s Collection

BRRRR by David Greene

Set for Life by Scott Trench

Connect with Brandon:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-786

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

785: Making $1M+ Per YEAR After a Decade of Real Estate Fumbles w/Dean Rogers Jun 29, 2023

Want to make over a million dollars a year? Real estate may be the best way to get there. Just follow the same steps Dean Rogers took. In just a decade, Dean went from making $65,000 per year to over a million dollars; but the payoff wasn’t instantaneous. After being put in a position that most people would kill to be in, Dean left behind a seven-figure salary, glitz, glamor, fame, and a childhood dream to do something that fulfilled him. He had to start over entirely while his peers made more money than most of us could imagine.

Dean took over a ninety-percent pay cut just to enter the tireless, W2 working world that he thought he would excel in. After realizing that hard work and continuous overachieving gets you nothing but a meager pay raise, he knew he had to go in another direction. He stumbled upon a real estate podcast, started investing with no money (seriously!), and grew a small side hustle into a full-on business that pays him as much as only professional athletes make.

Dean’s story goes from riches to rags to riches again as he left his dangerous yet high-paying career to live paycheck to paycheck doing something that he knew would pay off Now, he rakes in more money in one year than most Americans make in a decade, controlling his own life, putting his health and family first, and helping new investors, like you, along the way. Want to make your millions? Tune in!

In This Episode We Cover:

How Dean does over 100 real estate deals per year and profits seven figures

Walking away from a high salary when you know that the career isn’t worth the cash

Investing with no money and how to do your first deal without ANY experience

Why you should always make this ONE phone call before partnering with anyone

Losing six figures on bad deals and red flags that you should look out for

Building your “friends with benefits” that all build wealth together

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 Become a Millionaire Through Rental Properties

How to Get Your First Deal—An Episode For New Investors

Why NFL Players Are Buying Real Estate During the Recession

Connect with Dean:

Dean's BiggerPockets Profile

Dean's Instagram

Dean's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-785

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

784: How I Went from 200+ Tenant Phone Calls to 1 Per Year Using This “System” w/Pasha Maleknia Jun 27, 2023

You’ve built a sizable rental property portfolio; now, it’s time to relax. You book a trip to the beach, get on your swimsuit, and are about to head out the door, but then, your tenant calls you. “The toilet is leaking,” “I lost my keys,” “The oven just went out.” Instead of enjoying your vacation, you’re spending hours looking up plumbers, locksmiths, and electricians. You’re juggling phone calls while trying to enjoy your time off. Wasn’t real estate investing supposed to be passive?

This is the scenario that most landlords are living in. And it only gets worse the more homes you buy and the more money you make. But, there is a way never to pick up another tenant phone call again while giving your renters the best experience imaginable. All you have to do is build a system like Pasha Maleknia did. Pasha went from 218 tenant phone calls a year to only one by creating and tweaking this passive income system. In today’s episode, he’ll provide the exact steps so you can do it too.

Pasha’s system isn’t complex, and most of it can be built for free. There’s no expensive software or complicated formulas to create this rental portfolio system. If you have some time to set aside from your day, you can build something like this in a matter of hours. So, are you ready to trade tenant phone calls for more trips to the beach? If so, stick around!

Grab Pasha’s system spreadsheet template here.

In This Episode We Cover:

The five-step system to turn a nightmare rental portfolio into truly passive income

Why you DON’T need to spend a lot of money or time building a rental systems

Finding your “why” behind real estate investing and financial freedom

How Henry Washington saved over twenty hours immediately by implementing one super simple system

The two things you need to build any system quickly and cheaply

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

Grab Pasha’s System Spreadsheet

Listen to Henry on The “On The Market” Podcast Wherever You Listen to Podcasts:

Hear Our Full Interview with Pasha

Henry's Website

4 Ways Systems Make Landlording Easier, Simpler & More Profitable

Connect with Pasha:

Pasha's BiggerPockets Profile

Pasha's Instagram

Pasha's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-784

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

783.3: Home Buying Hacks: Down Payments, Financing, and Home Insurance w/Chris Hutchins Jun 27, 2023

Part 3:

Struggling to buy in this expensive housing market? In part three of our home buying hacks series with Chris Hutchins (from All the Hacks), you’ll learn why down payments AREN’T as big as you think, why working with a mortgage broker may be the best move to make, what lenders want to see before they pre-approve you, and home insurance tips to make sure you’re protected during a disaster.

In This Episode We Cover:

Debt-to-income requirements and what lenders want to see when you apply for a loan

Using a mortgage broker vs. a direct lender (and which will get you a better rate)

Home insurance 101 and how to protect your property for less money

The math behind buying a house (and why it beats renting in the long run)

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 Chris on The "BiggerPockets Money" Podcast

Past BiggerPockets Podcast Episodes Mentioned:

How to Start with $10K

House Hacking

Tax Benefits

“All the Hacks” Episodes Mentioned:

Insurance

Net Fulfillment Over Net Worth

Tune Into the “All the Hacks” Podcast

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

Connect with Chris

Chris email

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-783-3

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

783.2: Home Buying Hacks: Inspections, Disclosures, and What to Look For w/Chris Hutchins Jun 26, 2023

Part 2:

Knowledge is power, and this is even more true when buying a primary residence or investment property. In part two of our home buying hacks series, we’re back with Chris Hutchins from All the Hacks, as we touch on how to negotiate with a seller, what to look for in a listing, signs that you could score a killer deal, inspections, and the myriad of ways you can get out of a contract IF a home isn’t what you thought. Before you dive headfirst into real estate, tune in for some ESSENTIAL due diligence tips.

In This Episode We Cover:

Negotiation tactics elite realtors use and why you must know what a “win” is

Getting ahead in a hot housing market and signs of a desperate seller/agent

Home inspections and using yours to get seller credits or to walk away from a bad deal

Quick wins you can use at closing for a few hundred (or thousand) dollars in savings

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 Chris on The "BiggerPockets Money" Podcast

Past BiggerPockets Podcast Episodes Mentioned:

How to Start with $10K

House Hacking

Tax Benefits

“All the Hacks” Episodes Mentioned:

Insurance

Net Fulfillment Over Net Worth

Tune Into the “All the Hacks” Podcast

Connect with Chris

Chris email

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-783-2

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

783.1: Home Buying Hacks: Finding The Perfect House (and Agent!) w/Chris Hutchins Jun 25, 2023

Part 1:

Buying your first home is a BIG decision. But you don’t need to go into it blind. In part one of this home buying hacks series, we chat with Chris Hutchins from All the Hacks on why buying a house helps you build wealth, how to find a real estate agent that’ll work for you (for free!), and what you MUST look for when searching for your first (or next) home. If you’re a rookie real estate investor or first-time home buyer, this is the place to start!

In This Episode We Cover:

How buying real estate will make you wealthy (EVEN if you’re purchasing a primary residence)

The HUGE hidden benefits of buying property that most home buyers completely overlook

Signs of a great real estate agent and the one thing they MUST have

Home buying hacks for the first-time home buyer so you score a better deal

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 Chris on The "BiggerPockets Money" Podcast

Past BiggerPockets Podcast Episodes Mentioned:

How to Start with $10K

House Hacking

Tax Benefits

“All the Hacks” Episodes Mentioned:

Insurance

Net Fulfillment Over Net Worth

Tune Into the “All the Hacks” Podcast

Connect with Chris

Chris email

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-783-1

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

782: Unbelievable Returns from Flipping This New Type of Real Estate w/Jessie Rodriguez Jun 22, 2023

The real estate market is crumbling…or is it? According to experienced investors like Jessie Rodriguez, now is one of the best times in recent memory to start building wealth. As a multi-decade house-flipping veteran, Jessie understands how the housing market works. He lost his business, his home, and the majority of his wealth in 2007 but has made it out not only surviving but thriving with a house-flipping business that prints cash. And he knows something that you probably don’t.

The past few years have been a bloodbath for flippers. With home prices correcting and buyers fleeing the market, many flippers from years back aren’t around today. But, the tide has started to turn, and buyers are getting back into bidding wars, willing to spend good money on homes that fit their remote-first lifestyle. Jessie and his team are HEAVILY capitalizing on this, and more good news may be on the way.

In this episode, Jessie talks about rebuilding his business after losing it all in 2007, why now may be one of the BEST times to start house flipping, key indicators of a market shift that most investors miss, the biggest myth in today’s real estate space, and how Jessie’s team is redeveloping a historic building and turning it into a passive income stream that offers millions in profits. The best part? You can copy Jessie’s strategy to build your own wealth in 2023, so don’t skip this!

In This Episode We Cover:

Rebuilding your wealth after losing EVERYTHING in a financial crash

The biggest myth of 2023 real estate and why most investors are wasting time

Signs of a housing market shift and the metrics that predict where we’re headed

Finding a mentor and how the right one can put you decades beyond the competition

Redeveloping historic real estate and the unusual deals that are making Jessie a fortune

Building a seven-figure passive income stream, EVEN if you’re new to rentals

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

Watch James on the “On The Market” YouTube Channel

Hear James on The “On The Market” Podcast Wherever You Listen to Podcasts:

Books Mentioned in the Show

SOLD by David Greene

SKILL by David Greene

SCALE by David Greene

Connect with Jesse

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-782

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

781.5: What to Buy During the Newest Real Estate Crash w/Willy Walker Jun 21, 2023

Commercial real estate has been teetering on the edge of crash territory for months now. With banks tightening their funding, forcing investors to refinance at higher rates and occupancy down across multiple sectors, commercial could be crashing very soon. But we aren’t here to prompt fear for real estate investing; instead, we’re presenting some opportunities to build wealth, even when most investors think the sky is falling.

To help give us a read on the whole commercial real estate situation is Willy Walker, CEO of Walker & Dunlop, one of the largest commercial real estate finance companies in the nation. Willy knows precisely what’s happening in the industry because he is the industry. As the third largest apartment lender in the US, valued at over $2 billion, Willy’s ability to forecast the commercial real estate market has helped Walker & Dunlop grow to new heights. And he has some news to share.

Willy touches on the “pain to come” for commercial real estate, why residential has stayed safe, big investors’ refinancing dilemma, and why banks are pulling out of lending for large assets. With commercial investors needing cash to fund their deals but failing to find it, everyday investors (just like you) could help fill the void and walk away with a sizable profit. If you want to fuel your wealth, not your fear, stick around!

In This Episode We Cover:

The impending commercial real estate crash and who’s in danger

Balloon loans, risky refinances, and why high mortgage rates have put investors in a tough spot

Residential vs. commercial real estate and why one can fall while the other holds strong

Private lending and how you can take advantage of banks pulling back from larger investments

Asset classes that could have the biggest opportunity if a crash hits

US debt and how increasing the debt ceiling will lead to unmanageable consequences

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

Listen to The “On The Market” Podcast Wherever You Listen to Podcasts:

Connect with Willy:

The Walker Webcast

Willy's Website

Willy's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-781-5

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

781: The Beginner’s Guide to Finding Undervalued, Off-Market Deals in ANY Market Jun 20, 2023

Don’t know where to find undervalued rental properties? Thankfully, we’ve got some experts who do. Finding a below-market-value property is much easier than most people think. So, why is it SO difficult for new real estate investors to find deals instead of duds? If you’re scrolling through popular real estate listing sites, hoping you’ll stumble upon the deal of a lifetime, you may be wasting your time. Today, we present four time-tested, easily-implemented ways to find undervalued, off-market real estate so you can build wealth faster.

Rob Abasolo (Robuilt) takes the helm on this episode as he welcomes Henry Washington and James Dainard from the On the Market podcast and Sam Primm, expert investor from the St. Louis area. Henry, James, and Sam have collectively bought thousands of off-market properties. Whether they’re buying them to fix and flip, hold as rentals, or wholesale to other investors, the combined knowledge between these three investors is almost incalculable. They’ve done more deals than hundreds of other investors and know what works and, more importantly, what doesn’t.

In this episode, you’ll learn EVERYTHING you need to know about finding off-market real estate deals, tactics that are best for beginners vs. experienced investors, which strategies cost the most money and which you can try for FREE, and how you can find your first off-market deal TODAY. These three investors PROVE that buying deals with huge equity upside and instant profit is NOT impossible in 2023; you just need to know where to look!

In This Episode We Cover:

The medium-term rental strategy explained and how to use it to make 400% more cash flow

Short-term rental regulations and why many hosts may need to switch to medium-term stays

Best real estate markets for medium-term rentals and signs of low vacancy

Unique amenities that will get you CONSTANT business (bikes, cars, grocery delivery, and more!)

Rental contracts and how to use hospitals, insurance companies, construction crews, and more to fill up your rental

Whether or not allowing pets in your rental is EVER the right move to make

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

Stop Looking for Perfect Properties, Search for These Instead

James' Website

Hear Henry and James on the “On the Market” Podcast: Spotify, Apple Podcasts, BiggerPockets

Connect with Sam:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-781

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

780: The Step-by-Step Guide to Building a Medium-Term Rental Empire w/Jesse Vasquez Jun 18, 2023

Your real estate cash flow is suffering. Rent growth is slowing, mortgage rates are rising, and property prices are staying put. So where can you find more room to profit with your rental property? The answer is medium-term rentals! Until a couple of years ago, medium-term rentals, also called corporate rentals or traveling nurse rentals, were the sleepy investing strategy that only experienced investors like Jesse Vasquez knew about. But now, they’ve become (arguably) the best rental property on the planet.

With medium-term rentals, you can often make four (or more) times the rent than a regular rental. You’ll also have minimal turnover, more professional tenants, and be able to book out your place at a high monthly rate for four, five, or six months at a time. They’re easier to manage than short-term rentals but have substantially more cash flow than long-term rentals. So, how do you get in on this high-cash flow craze?

We brought Jesse back to the show for a step-by-step tutorial on starting, running, and profiting with a medium-term rental. He gives in-depth answers on how much it costs to start, the best locations to buy (or rent), how to get the biggest rental contracts from top corporations, amenities guests will expect, and what to charge. If you want to take your rental property from break-even to making bank, this is the strategy for you!

In This Episode We Cover:

The medium-term rental strategy explained and how to use it to make 400% more cash flow

Short-term rental regulations and why many hosts may need to switch to medium-term stays

Best real estate markets for medium-term rentals and signs of low vacancy

Unique amenities that will get you CONSTANT business (bikes, cars, grocery delivery, and more!)

Rental contracts and how to use hospitals, insurance companies, construction crews, and more to fill up your rental

Whether or not allowing pets in your rental is EVER the right move to make

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

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

David’s First Episode

Jesse’s Recent Episode

Book Mentioned in the Show:

30-Day Stay by Zeona McIntyre & Sarah Weaver

Connect with Jesse:

Jesse's BiggerPockets

Jesse's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-780

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

779: How Delivering Pizzas Helped Me Build a 27-Unit Rental Portfolio w/Pamela Bardhi Jun 15, 2023

The key to financial freedom? Work as a pizza delivery driver! Not only will you learn how to handle high-pressure situations, but you might also find your next property on a regular pizza run! At least that’s what Pamela Bardhi did to build her twenty-seven-unit rental property portfolio and reach financial independence in her late twenties! Pamela’s family moved to the United States when she was just five years old, thrusting her into the restaurant business before she realized that real estate was her true passion.

Pamela did everything right. She studied hard, got scholarships, worked at internships, and built her own business, but she was still miserable. Working every day of the week, often twelve hours at a time, was eating away at her. She wanted some side income to help her dial back the time spent building her business, but when her first deal turned into a $100,000 profit, the property game was too enticing to resist. Since then, she’s scaled to massive heights and wants you to do the same.

With twenty-seven rental units, over one hundred deals done, and a financially free lifestyle by thirty-one, Pamela knows what it takes to build a property portfolio FAST. But she also knows what can make it crumble. Pamela shares her three BIGGEST lessons learned from doing over one hundred deals and how she turned delivering pizzas into a passive income stream that will create generational wealth for her whole family.

In This Episode We Cover:

How to reach financial independence with rentals in under ten years

The three biggest lessons every real estate investor must learn to NOT get burnt on a deal

Passive vs. active income and why the investor life isn’t for everyone

Becoming your own boss and quitting corporate to do what truly fuels you

How the right mentor can immensely speed up your road to early retirement

Real estate partnership red flags that’ll lead to you losing money or pulling your hair out

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

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

The 30-Something’s Guide to Financial Freedom

Flipping Houses: How to Get Started and Everything You Should Know

Connect with Pamela:

Pamela's BiggerPockets Profile

Pamela's Instagram

Pamela's LinkedIn

Pamela's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-779

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

778: How to Build a Million Dollar Rental Portfolio with Little Time OR Money w/Niti Jamdar & Palak Shah Jun 13, 2023

If you want to build a rental portfolio, you need to know how to scale the right way. Buying a property every year or two is good, but it won’t give you the financial freedom you desire. However, if you know how to double, triple, or quadruple the amount of real estate you’re acquiring without adding tons of tasks (or stress) to your plate, you could be financially independent faster than you’ve ever thought. This is precisely what Niti Jamdar & Palak Shah did, building a ten-million-dollar real estate portfolio in less than a decade.

As two burnt-out corporate workers, Niti and Palak were tired of putting their jobs before their future family. So after having children, they realized it was time to start building something that would help them regain their freedom instead of shackling them to golden handcuffs. With a busy schedule and little time, Niti and Palak were forced to automate, delegate, and systematize their real estate business. And now, you can copy their exact steps.

In their newest book, Accelerate Your Real Estate: Build a Hands-Off Rental Portfolio with the SCALE Strategy, Niti and Palak uncover the five-step system to unlock eight-figure wealth. They used this same strategy to build their portfolio with little free time or money to throw at projects. In this episode, they’ll review these five BRRRR-inspired steps, explain why today’s market isn’t what most people think it is, and debunk the myths that’ll stop you from investing.

In This Episode We Cover:

The five-step “SCALE” system Niti and Palak used to build an eight-figure portfolio

Quitting corporate to find financial freedom, start a family, and build wealth

BRRRRing in 2023 and why the Buy, Rehab, Rent, Refinance, Repeat strategy isn’t dead

Investing with high mortgage rates and why inexperienced investors are wrong about them

Outsourcing, delegating, and how to run a HUGE portfolio without any employees

Real estate myths that stop you from building wealth (and how to get around 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 Our Past Interview with Palak

Book Mentioned in the Show:

Accelerate your Real Estate by Palak Shah & Niti Jamdar

The Psychology of Money by Morgan Housel

Connect with Palak & Niti:

Niti's BiggerPockets

Palak's BiggerPockets

Real Estate Wealth Blueprint on Instagram

Palak & Niti's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-778

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

777: Seeing Greene: Investing Later in Life? You’re Still in Luck! Jun 11, 2023

Think it’s too late to retire with real estate? Maybe you’re in your forties, fifties, or sixties and have decided that now is the time to put passive income first. With retirement coming up in a couple of decades (or even years), what can you do to build the nest egg that’ll allow you to enjoy your time away from work? Is it even possible to retire with rentals if you didn’t start in your twenties or thirties? For those tired of the traditional route to retirement, stick around!

You’ve hit the jackpot on this Seeing Greene show; it’s episode number 777! But, unlike a casino, everything here is free, and we’re NOT asking you to gamble away your life savings. Instead, David will touch on some of the most crucial questions about real estate investing. From building your retirement with rentals to investing in “cheap” out-of-state markets, buying mobile homes as vacation rentals, and why you CAN’T control cash flow, but you can control something MUCH more important.

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:

Turning a $100K high school into a $42K/month apartment complex

What to do when your first flip or real estate deal becomes a huge flop

The smartest way to shoot up your property’s value and boost your neighborhood’s desirability

Unbelievable real estate conversion projects and why creative investing often has the most cash flow

Raising private capital when doing large deals and why you NEED partners with skills you don’t possess

Signs that your real estate agent might be the love of your life

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 Rental Estimator on Your Next Deal

BiggerPockets Real Estate Podcast 759

BiggerPockets Real Estate Podcast 771

Book Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-777

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

776: $42K/Month in Cash Flow By Buying a…High School? w/Jesse Wig Jun 08, 2023

You’ve heard cash flow stories before, but NOTHING like this. We’ve talked to hundreds of investors that have flipped houses, bought apartment complexes, storage facilities, and more. But a high school? A high school rental property? Surely this has to be a first. If you want to know the pioneer behind this absolutely insane passive income project, look no further than Jesse Wig, who turned a dilapidated high school into a thirty-one-unit apartment building.

But before Jesse went on a literal wild ride through this high school, he faced defeats that would stop most investors in their tracks. After making just ten dollars per hour working under a flipper, Jesse tried to do his first deal himself, but things didn’t go to plan. He walked away from his first real estate deal in debt with a massive loss but decided to try again. Jesse learned quickly from his mistakes and started buying rentals in an up-and-coming area right outside of Pittsburgh, Pennsylvania.

Through a brilliant investing tactic that we’ve never heard of before, Jesse was able to catapult and control his rental properties’ values, skyrocketing his personal wealth while bringing up an entire neighborhood with him. Soon after that, he found his off-market high school and, through some savvy partnerships and serious work, turned it into a cash cow unlike anything we’ve ever seen on the show. Jesse is about to school us on the right way to do real estate!

In This Episode We Cover

Turning a $100K high school into a $42K/month apartment complex

What to do when your first flip or real estate deal becomes a huge flop

The smartest way to shoot up your property’s value and boost your neighborhood’s desirability

Unbelievable real estate conversion projects and why creative investing often has the most cash flow

Raising private capital when doing large deals and why you NEED partners with skills you don’t possess

Signs that your real estate agent might be the love of your life

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-776

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

775: BiggerNews: Rent Unaffordability Crosses Dangerous New Threshold w/Lu Chen and Thomas LaSalvia Jun 06, 2023

Rent prices have steadily risen for as long as we can remember. But, few of us would have ever expected the unimaginable rent hikes of 2020-2022. With major metros seeing double-digit year-over-year rent percentage bumps, residents were forced to throw a larger chunk of their income toward housing. Now, with higher rent prices than ever before, America has become “rent-burdened,” and a dangerous threshold has been crossed.

What’s causing this rise in rents? Are investors to blame? And what’s a solution that could benefit builders, buyers, and renters? We’ve got Lu Chen and Thomas LaSalvia from Moody’s Commercial Real Estate division to give us their findings. Lu and Thomas’s team have been tracking rent prices carefully, logging which cities have seen the most significant price increases, which are becoming increasingly unaffordable, and what can be done about the problem. With a lack of housing supply and inflation eating away Americans’ income, what can everyday investors like us do?

Thankfully, there is a solution to this problem that could help curb unaffordability while presenting a profit for investors. Lu and Thomas go over exactly what would have to happen to return to a normalized, affordable housing market and what’s hurting our efforts to get there. Plus, with rents becoming unaffordable for many young Americans, our Dave duo asks, “Is real estate still safe to invest in?” All that and more in this edition of BiggerNews!

In This Episode We Cover

America’s “rent-burdened” status and why prices have crossed a critical threshold

Real estate markets that have seen the largest increase in rent over the past three years

Luxury housing and how its development is hurting the effort to increase affordable housing

Whether or not investors are to blame for rents skyrocketing

“Inclusionary housing” and how investors can fill the affordable housing need while making a profit

Whether or not real estate is still safe if renters get priced out of the market

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-775

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

774: Seeing Greene: Bleeding Rentals, Bad Flips, and The Safe Haven For Your Cash Jun 04, 2023

Buy real estate or face your dollar’s demise. While this may sound like doomsday prophesying or over-bullish investor attitudes towards properties, the fact is that most investors today won’t make it. With inflation raging ahead, home prices double-digit percentages higher than they were a few years ago, and food and energy costs spiking, your cash isn’t safe. The value of your money is burning, and your bank account won’t be able to extinguish the flames. But there is still hope to build wealth.

Welcome back to a macroeconomic Seeing Greene episode where David tells you what he really thinks about today’s inflationary economy. If you want to grow your wealth while prices pop off, this is the episode to tune into. But it’s not just CPI rate rants this time; David will also advise on what to do when down payment requirements more than double at the last second, why Midwest “cash flow” markets aren’t what they seem, building vs. buying an ADU (accessory dwelling unit), and when to sell a rental or flip that is bleeding money every month.

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:

What to invest in when inflation is eating away at your hard-earned money

Down payment requirements and what to do when you can’t close with low money down

Cash flow vs. appreciation and using “portfolio architecture” to build the BEST portfolio possible

Buying vs. building an ADU (accessory dwelling unit) and which will make you wealthier as a result

How to make money on a house flip gone wrong (even if it’s in a rough neighborhood)

Negative equity and whether or not to sell a rental that is losing value

What to do with $30K in today’s expensive investing environment

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

Read Up-to-Date Real Estate Articles and News Stories

BiggerPockets Podcast 759

You Won’t Believe It. Inflation Finally Peaked—Here’s The Proof

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

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-774

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

773: Replacing His Income with $70K/Year Cash Flow After a Close Call with Death w/Pasha Maleknia Jun 01, 2023

Financial freedom isn’t important until your life flashes before your eyes. When everything could end, thoughts of your partner, children, and family come to mind, and most notably, what you left behind for them. Pasha Maleknia was thrown into a warzone and came within minutes of meeting his end. As he sat, not knowing whether or not he would ever see his wife again, he made a promise to build financial freedom for his family so that if anything happened to him, they would be protected.

Pasha kept his promise and is here to share exactly how he got it done. Through chaos, Pasha was given a second chance at building the life he dreamed of, starting a real estate investment portfolio that has grown to a double-digit unit count with close to six figures in expected cash flow. None of what he did was easy, but using his background in coding, systems, and optimizing everything for efficiency, Pasha is building a hands-off real estate empire that will set his whole family financially free.

If you’ve struggled to progress with rental properties, do NOT miss out on Pasha’s story. He explains exactly how his “why” forced him to reach financial freedom in only a few years and what he’s doing now to ensure his wealth never stops growing. Don’t wait for it to be too late. Put your life in your hands, and take Pasha’s words to heart.

In This Episode We Cover:

The near-death experience that forced Pasha to find financial freedom for his family

Building your “income-producing box” that will take care of your family for decades

DIY rehabs and why you DON’T need to know everything before you start investing

Pasha’s killer first rental property and the “surprise” basement that came with it

Using the BRRRR method to quickly multiply your portfolio without much cash needed

How to automate your ENTIRE rental property portfolio so you do nothing

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 Latest Episode on Analyzing Real Estate Deals

Understand The BRRRR Method in Real Estate – A Beginner’s Guide

Books Mentioned in the Show:

BRRRR by David Greene

The Book on Advanced Tax Strategies by Amanda Han & Matt MacFarland

The Book on Estimating Rehab Costs by J Scott

Long-Distance Real Estate Investing by David Greene

Raising Private Capital by Matt Faircloth

Rich Dad Poor Dad by Robert Kiyosaki

Connect with Pasha:

Pasha's BiggerPockets

Pasha's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-773

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

772: Stop Looking for Perfect Properties, Search for These Instead May 30, 2023

Real estate investing has changed a LOT over the past few years. For most people getting into rental property investing in the mid-2010s, profitable properties were plentiful, cash flow was almost automatic, and equity was flowing in the tens (if not hundreds) of thousands every year. Unfortunately, this real estate market is long gone. Now, there’s blood in the streets as new investors try to salvage sickly-looking deals that don’t cash flow and come with pathetic-looking profits. And maybe, just maybe, that’s why now is the best time to buy.

Make no mistake, real estate investing isn’t easy, and just buying any house WON’T make you rich. But, the 2023 housing market has far more opportunity than most people think, and David Greene, Henry Washington, and Rob Abasolo are here to explain how. These three investors have been gobbling up rental properties as quickly as possible. And even with lower margins, slim cash flow, and limited equity, there is some method to their madness.

If NOTHING you’re looking at is cash flowing and almost every home seems overpriced (especially with today’s mortgage rates), this is THE episode to tune into. In it, David, Henry, and Rob will detail how you can “create” a profitable property while the masses sit on the sidelines, as well as go over real, authentic deals they’re doing today to show you it isn’t impossible to invest in 2023.

In This Episode We Cover:

How to analyze a real estate deal and what to do if none of the properties show a profit

The 2023 housing market and how things have changed over the past few years

Investor expectations and why the times of “get rich quick” are long gone

How to build, buy, or force equity into your rentals so you get rich in the background

Simple steps the average investor can do to make their real estate deals work

Renting vs. flipping and which exit to take in a volatile housing market

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

Introduction to Real Estate Investment Analysis

How To Analyze A Short-Term Rental In 2023

2023 Housing Market Outlook

The Housing Market “Signals” That Predict Where We’re Headed in 2023

Connect with Henry:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-772

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

771: Seeing Greene: Getting Into Your First Property is Cheaper Than You Think w/Kristina Smallhorn May 28, 2023

You’ve been lied to about affordable housing. Most people will either tell you it’s impossible to buy an affordable home or that those buying affordable homes are outright stupid. The term “affordable” has been correlated with inexperienced buyers getting cheap deals on homes, often ending up in trailer parks or something of the sort. But things have changed. Mortgage rates are at decade highs, home prices tower over what everyday workers can afford, and a new age of affordability is upon us—we’re here to unlock it for you.

A new forest of David Greenery has sprouted as we welcome Kristina Smallhorn and Rob Abasolo onto this episode of Seeing Greene. Kristina, Louisiana-based realtor, has been fighting for affordability, helping get her clients into creative homes that don’t break the bank. She’s here to dispel all the myths about affordable housing, manufactured homes, modular homes, land investing, and more. We’ll touch on build-to-rent homes and who should NOT be investing in them, green flags to look out for when buying land, and the danger behind new forty-year mortgages.

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:

Affordability in 2023 and how homebuyers can still purchase even with high home prices

Modular homes and how these cheaper builds are quickly becoming the high-quality norm

Build-to-rent properties and whether or not appreciation is worth the lack of cash flow

Red (and green) flags to watch out for when buying land, plus how to know a plot can even be built on

The forty-year mortgage explained and why it may be a BAD idea for desperate borrowers

Misconceptions about affordable housing and why “mobile homes” aren’t what you think

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

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

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

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

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

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.

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

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

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.

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

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

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.

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:

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.

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

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

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.

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

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

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

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:

Victor's BiggerPockets Profile

Kim's Email

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

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.

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:

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

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

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

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

Barbara Corcoran’s Top 5 Tips for Winning During a Market Downturn

3 Rules for Crushing It in Business w/Barbara Corcoran

Connect with Barbara:

Barbara's Instagram

Barbara's Podcast

Barbara's Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-763

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

762: The US Dollar’s Downfall, Flipping vs. BRRRING, and Where to Find Cash Flow May 07, 2023

The US dollar could be ousted as the world’s reserve currency as more and more countries move away from using a dollar-backed standard for trade. This could lead to an economic domino effect causing more inflation and a difficult domestic economy. But what will this do to the housing market? How will investors be affected, and will this global move put downward pressure on the US economy?

Welcome back to another Seeing Greene where your “this is just my opinion” host, David Greene, shares his take on economics, lending, investing, and where to find cash flow in 2023. This time around, David touches on topics like flipping vs. BRRRRing and which makes more sense with high mortgage rates, why using a HELOC to invest in real estate could be risky, what to do when your rental won’t cash flow, and how to turn a troublesome rental into a fully-occupied cash cow.

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 the US dollar is in danger and what it means for real estate investing

BRRRRing vs. flipping and what to do when high interest rates are eating your cash flow

Using a HELOC to fund your down payment and the danger of doing so in 2023

How to get pre-approved for a mortgage as a self-employed individual

What to do when your rental property is losing money, and where to invest IF you sell it

Real estate side hustles and how to learn while earning some extra income

How to increase occupancy when your rental property isn’t getting tenants

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

BiggerPockets Lenders

Jessie Dillon on The “Real Estate Rookie” Podcast

Seeing Greene 750

Joe Asamoah’s Section 8 Rentals

Proof That David Greene Has Legs!

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-762

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

761: From Sleeping on the Floor to Making $80K/Month (in 2 Years!) w/Yamundow Camara May 04, 2023

How do you go from absolute poverty to passive income in a short amount of time? What if you were raised on the other side of the world, where even a basic education had to be fought for, and every opportunity was a constant struggle? This is the real story of Yamundow Camara, who went from sleeping on a dirt floor in a small village of Gambia to making a million dollars per year thanks to real estate.

Yamundow grew up in an environment foreign to many of us. When her parents passed away in her youth, she was forced to live with relatives that treated her as a nuisance, not someone worth nurturing. She slept on the floor of her family’s home and was sometimes lucky enough to have a cardboard box as a mattress. She was set to be wed in her early teenage years, but thanks to her drive, determination, and pleading of her aunts, Yamundow was given a chance to go to high school and college and later immigrate to the US.

From there, Yamundow put success as her sole focus. She not only academically overachieved, but was able to do an INCREDIBLE amount of investing with almost no money, no credit score, and no experience in the industry. She now sits on over thirty rental units, with a monthly income that rivals most Americans’ yearly salaries. Yamundow has one of the most incredible stories we’ve ever shared on the podcast, and you’ll have to tune in to hear her unimaginable path to success.

In This Episode We Cover:

How Yamundow went from complete poverty to making $80,000 in cash flow a month

Putting education first and the true value of hard work and perseverance

Investing with NO credit score and VERY little money and how to find banks that will lend to you

Working two jobs and why increasing your income is ESSENTIAL to building wealth

Out-of-state real estate investing and what to do when your local market is too expensive

How to find (and keep) quality contractors, property managers, and other team members

Using the BiggerPockets Rental Property Calculators to make sure a deal is worth doing

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

3 Ways to Invest in Real Estate With Little to No Credit

From Extreme Poverty to DIY Wealth and 2 Full-Time Incomes

Books Mentioned in the Show:

BRRRR by David Greene

Long-Distance Real Estate Investing by David Greene

SCALE by David Greene

Connect with Yamundow:

Yamundow's BiggerPockets Profile

Yamundow's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-761

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

760: BiggerNews: Buyers Jump Back In as Real Estate Competition Heats Up May 02, 2023

Has housing market hysteria returned? For a few months, homebuyers took a sigh of relief as competition stayed low, prices began to drop, and the real estate market returned to reality. But it seems like the days of sweet deals and plenty of showings are now behind us as homebuyers are jumping back into the market. So what’s causing this housing market madness to refuel, and are we returning to 2020-2022’s crazy competition?

In this BiggerNews update, David Greene and Dave Meyer discuss some top headlines affecting the housing market in 2023. First, they’ll get into the nitty gritty of new inflation data and why prices are still high even after some good news. Next, they’ll talk about the newest real estate recovery and give their spring 2023 housing market predictions on whether or not home prices could rise and competition could return. Then, a debate over how the US dollar could be replaced as the world’s reserve currency and which countries are out to take its place.

Plus, if you’ve been waiting to get your hands on a new short-term rental property, you could be in luck. Recent data points to a stark shift in vacation home demand as the vacation rental market gets saturated and work from home starts to level off.

If you want up-to-date data on everything happening in the housing market and beyond, tune in and grab Dave’s FREE Q2 real estate report!

In This Episode We Cover:

Housing market hysteria and what’s causing homebuyers to jump back into the bidding wars

Inflation updates and how close we are to returning to the golden 2% inflation rate

Vacation home demand drop-off and what’s causing buyers to ditch their dreams of a beach house

De-dollarization, the war against the USD, and which countries are dropping the dollar

Real estate price predictions and whether or not we’ll see the yearly price run-up during spring/summer

Dave’s FREE Q2 housing market report (and where to get it)

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

Grab The Q2 2023 Housing Market Report

Hear the “On the Market” Episode About De-Dollarization

Has the Housing Market Already Bottomed?

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-760

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

759: Seeing Greene: The ONE Factor That'll Make or Break Your Rental Property Apr 30, 2023

A rental property doesn’t need to be brand new, have the best amenities, or offer 24/7 property management to do well. An older home can out-cash-flow a new build with one specific factor. So, what is THE key to having a profitable rental property, and why do so many rookie real estate investors not pay attention to it? Tune in, and find out on this week’s episode of Seeing Greene!

We’re back with your “I finally remembered to turn on the green light!” host, David Greene. This time around, David is taking questions from all levels of real estate investors. Questions like what to do when your HELOC (home equity line of credit) rate is about to skyrocket, how fast to scale your rental portfolio, whether new homes are worth it as rentals, and how to turn a couple of rental properties into a real estate retirement plan. We even get a quick cameo from tax expert Tom Wheelwright on how to avoid taxes the next time you’re selling a rental!

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:

The SINGLE most crucial rental property factor that investors often overlook

What to do when mortgage rates rise and your HELOC rate is about to readjust

Scaling your real estate portfolio and when you’re going TOO big

How to AVOID taxes when you sell a rental (and what to do if you’ve already sold)

New homes vs. existing inventory and whether a new build makes a better rental

How to build a retirement plan with only a couple of rental properties

Pulling profits from a rental property in a trust (and the implications of doing so)

And So Much More!

Links from the Show

Lender Finder

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 the BRRRR Method WON’T Be the Same in 2023

Rich Dad’s CPA on How ANY Investor Can Avoid Taxes in 2022

8 Ways to Use Rental Properties to Create Retirement Income

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

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-759

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

758: Real Estate vs. Stocks: Which Will Make YOU More Money in 2023? w/Trey Lockerbie Apr 27, 2023

Real estate vs. stocks. Cash flow vs. consistent dividends. Equity vs. price-to-earnings. If you’re reading this right now, chances are that you’re more of a real estate investor than a stock picker. But maybe you’re on the wrong side. Does the passivity of stock investing beat buying properties? Or do things like depreciation, tax write-offs, and the ability to use leverage while having tangible assets take the cake when it comes to the stock vs. real estate debate? And what about investing in 2023 as the economy continues to falter?

We brought on return guest, stock investing expert, and host of We Study Billionaires, Trey Lockerbie, to put him head-to-head against some of the most famous names in real estate podcasting. Rob Abasolo emcees this battle of investment strategies as Dave Meyer and Henry Washington bring in the housing heat. And while no physical jabs are thrown, Trey and our real estate investing experts put these two popular asset classes head-to-head to see which is a better bet for today’s investors.

And if you’re trying to scoop up deals at a discount, we touch on whether stocks or real estate are better bets during a recession, which comes out on top, and the risks you MUST know about before investing in either asset class. So, if you’ve got some cash burning a hole in your pocket and don’t know what to do with it, we may have the exact answers you need!

In This Episode We Cover:

Stocks vs. real estate and which asset class has better returns over time

Volatility, risk, and which types of investments could put you in the MOST danger

Investing during a recession and whether or not real estate or stocks have reached their bottom

Investing in bonds and why it may be a smarter move than you think in 2023

How to identify your “risk profile” so you can invest with MUCH less stress

Bitcoin, farmland, and other alternative assets that our guests would invest in

And So Much More!

Links from the Show

Lender Finder

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 and Henry On the “On the Market” Podcast:

BiggerPockets Podcast 646 with Trey

Henry's Website

Real Estate Vs. Stocks: What 145 Years Of Returns Tells Us

Connect with Trey:

Better Booch

Trey's Twitter

We Study Billionaires Podcast

The Investor’s Podcast Network

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-758

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

757: $0 Down Deals, 3% Interest Rates, and Insane Property Purchases w/Pace Morby Apr 25, 2023

When you think of creative finance, you think of Pace Morby. He didn’t invent creative finance, seller financing, or subject to investing. Instead, he perfected it, buying deals often with zero dollars down, low (or no) interest, and with terms any investor would dream of. But maybe you don’t know what creative finance is. Maybe the terms “seller financing” or “subject to” have never been mentioned to you before. As Pace describes in this episode, this industry-wide ignorance of creative finance is by design and keeps you from building wealth.

To Pace, creative finance is the ultimate key to building a big rental property portfolio. But most sellers, buyers, and real estate agents don’t know about it. Describe creative finance to a regular realtor, and you’ll get laughed out of the listing. But, bring it up to a buyer, and suddenly everything changes. Don’t believe us? Pace brings up numerous examples in today’s show of how he was able to get real estate deals done that agents and realtors alike thought impossible.

In this episode, you’ll get a complete intro to creative finance. Pace runs through the definitions, how each strategy works, why NOBODY talks about creative financing, and how YOU can start investing today (yes, TODAY!) with zero dollars out of your pocket and even with limited experience. Ready to start your rental portfolio? Tune in and get your copy of Pace’s new book, Wealth without Cash, today!

In This Episode We Cover:

How Pace Morby buys multifamily real estate for NO MONEY out of pocket

Pace’s new BiggerPockets book that’ll help you get your first creative finance deal done

Seller financing explained and using it when a seller won’t budge on purchase price

The “subject to” strategy and how to lock in a rock-bottom mortgage rate even in 2023

Underwriting a real estate deal and seller lies that can often trick an inexperienced buyer

Tax benefits of creative financing and how it makes a win-win for you and a buyer

The risks of subject to and seller financing and how to EASILY 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

Boost Your Knowledge with Pace’s Creative Financing Bootcamp

BiggerPockets Podcast 527: 300 Doors, 100% Creative Financing

Real Estate Rookie Podcast 236: Creative Financing 101 with No Cash, Credit, or Credentials

Real Estate Rookie Podcast 280: How to Buy a Rental Property with NO Money OR Credit

Rob and Pace’s Recent Collab

Books Mentioned in the Show:

Wealth without Cash by Pace Morby

Connect with Pace:

Pace's BiggerPockets Profile

Pace's Instagram

Pace's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-757

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

756: Seeing Greene: How to “Supercharge” Your Rental Property's Cash Flow in 2023 Apr 23, 2023

Real estate cash flow is why most investors decide to buy rental properties. But with interest rates at decade-long highs, rents starting to stagnate, and home prices still in unaffordable territory, making cash flow, or breaking even for that matter, has become challenging. And while the “golden age” of cash flow real estate investing might be over, there are still numerous ways to bring in more passive income on properties you already own.

We’re back for another Seeing Greene, where your favorite investor, broker, and “definitely not a loan expert,” David Greene, is back to answer YOUR real estate investing questions. This time around, we’ve got some serious questions about which rental properties are worth buying, how to get around zoning headaches, whether building an ADU is worth the money, and whether or not now is the right time to sell a high-equity property. David also touches on the EASIEST way to increase your cash flow in 2023 and the investing method that EVERY investor should focus on.

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:

How to “supercharge” your real estate cash flow by looking for money in places most investors avoid

Zoning requirements and how to get around them by building ADUs or making some simple rental property tweaks

Investing out of state and whether selling your primary residence to buy rentals is ever worth it

How to start and structure a real estate partnership (and why David invests solo)

Building an ADU vs. buying a rental property and which is a MUCH safer bet

When to sell vs. hold a rental property (even if you have HUGE equity gains)

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

Work with David’s Mortgage Team

Try the BiggerPockets Rent Estimator on Your Next Property

Is Building an Accessory Dwelling Unit (ADU) a Worthwhile Investment?

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Connect with Guest Cristian:

Cristian's BiggerPockets Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-756

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

755: How a Barber Went from $12 Clips to Six-Figure Cash Flow in 10 Years w/Rick Morin Apr 20, 2023

Most people buy rental properties on purpose, but most people aren’t Rick Morin. Rick is what we would call an “accidental investor.” He has been able to build a home-run housing portfolio by slowly, steadily investing whenever he had the chance. The best part? In the beginning, Rick had no idea that what he was doing was real estate investing. He was stunned when he bought his first home, which ended up paying for itself entirely. Fast forward a couple of decades, and Rick is sitting pretty with $285,000/year in passive income, a $3,000,000 portfolio, and the financial freedom most Americans won’t achieve until their 60s.

So how did a barber, growing up in an impoverished household, go from making $12 a haircut to pulling in over $200,000 per year in pure cash flow? It’s simple: buy right, buy consistently, and trust your gut. Rick has done flips with car-sized holes in the roof, gone over budget and timeline, and made up his own comps, but at the end of the day, all the deals he’s done have led to him holding this massive real estate portfolio. And while he’s nothing short of an investing genius, his process for evaluating and doing deals is NOT complex. You don’t need a degree, a large inheritance, or any experience to repeat Rick’s system.

If you’re trying to build wealth in the background, leave a legacy for your kids, grandkids, great-grandkids, and everyone else down the line while focusing on doing what you love, tune into this episode. Rick has wealth-building advice that ANY investor can benefit from hearing.

This Show Sponsored By

Take your business to the next level with Left Main: the #1 CRM for Real Estate Professionals, built on Salesforce.

Go to leftmainrei.com/biggerpockets to learn more.

In This Episode We Cover:

Turning $12 haircuts into a $3,000,000 real estate portfolio

How Rick used “house hacking” to accidentally start investing in real estate

House flipping and how to use short-term profits to pay for long-term rental properties

Leaving a legacy, building generational wealth, and escaping poverty

Where to find off-market deals and using Facebook, friends, and clients to get DEEPLY discounted properties

Short-term rental investing and the secret tip a top tourist group CEO gave Rick

Why building wealth slowly will make you richer than speeding your way to financial freedom

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

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

How to Easily Find Off-Market Properties

The Plight of an Accidental Landlord

Flipping Houses: How to Get Started and Everything You Should Know

Connect with Rick:

Rick's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-755

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

754: EVERYTHING You Need to Get Your First Real Estate Deal Done in 2023 Apr 18, 2023

Ready to buy your first rental property in 2023? If you’re going to reach financial independence, retire early, and own your time, you better get started. But you can’t build a rental property portfolio without buying your first, second, or third deal. So, how do you go from real estate zero to rental property hero without having any experience? Take some notes from rental property investing expert David Greene, who built his financial freedom-producing portfolio in under ten years!

David walks step-by-step through everything you must do to buy your first rental property in 2023. From finding the deals, getting your financing and loans set up, analyzing a property, and repeating the system. If you listen fully through this episode, you’ll have everything you need to find and buy your first (or next) rental property. So what are you waiting for? Grab a notepad and a pen, and don’t get distracted by David’s beautiful bald head. Now is the time to start building your life of financial freedom!

Want to take your real estate investing to the NEXT LEVEL? Reach financial freedom faster and sign up for BiggerPockets Pro with code “RENTAL20” for a special discount!

This Show Sponsored By

Take your business to the next level with Left Main: the #1 CRM for Real Estate Professionals, built on Salesforce.

Go to leftmainrei.com/biggerpockets to learn more.

In This Episode We Cover:

Why your first few real estate deals DON’T MATTER (as much as you’d think)

The “stack” real estate method to build an EXPLOSIVE real estate portfolio

The “3 D’s” of real estate investing and where to find dollars, deals, and investing direction

The BEST way to find real estate deals (even in a tough market like 2023)

How to analyze a rental property (LIVE!) using the BiggerPockets rental property calculator

The one tool top investors use to get deals done even faster

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

Join BiggerPockets Pro and Use Code “RENTAL20” for 20% Off

Try the BiggerPockets Rental Property Calculator on Your Next Deal

Estimate Rent Easily with the BiggerPockets Rent Estimator

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

Books Mentioned in the Show:

BRRRR by David Greene

Long-Distance Real Estate Investing by David Greene

SOLD by David Greene

SKILL by David Greene

SCALE by David Greene

The One Thing by Gary Keller

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-754

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

753: Seeing Greene: CPAs Answer YOUR Top Investing and Tax Questions Apr 16, 2023

Want more real estate tax deductions? If you’re a savvy investor, you can use the tax code to avoid income tax, keep more money, and grow your portfolio even faster. But it’s hard to do so without a rock-solid CPA behind you. Thankfully, we have some of the world’s top real estate CPAs on the show, and they’re giving their take on tough tax questions (WITHOUT sending you a bill!). If you want to lower your tax burden, keep more of your hard-earned money, and play the tax game to WIN, stick around!

Welcome back to another Seeing Greene! This time, we’re joined by some of the most beloved real estate tax rockstars. Amanda Han, Matt Bontrager, and Tom Wheelwright have spent their careers helping real estate investors get the most out of their investments. From eliminating income tax to finding hidden deductions, boosting depreciation, and getting their clients into more tax-advantaged assets, these CPAs practice what they preach and are here to help you too!

They’ll be answering questions about how to unlock the MASSIVE tax benefits of real estate investing while working a W2, when to start an LLC, how to protect your assets, whether a 1031 exchange is really worth it, and how to find the right CPA. Their suggestions could save you THOUSANDS in taxes, so don’t miss this one!

In This Episode We Cover:

How to avoid income tax through real estate investing (even with a W2 job!)

When to pull equity out of a property and how long to hold a rental

Crucial questions to ask a CPA and how to know that they’re truly “investor-friendly”

The 1031 exchange explained and when it’s NOT a good option for eager sellers

Private money lending and how to ensure your lender shares in your property’s tax benefits

Capital gains tax and how to AVOID it when selling a primary residence

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

BiggerPockets Podcast 162

Hear Our Past Episodes with Amanda:

BiggerPockets Podcast 49

BiggerPockets Podcast 269

BiggerPockets Podcast 370

BiggerPockets Podcast 424

BiggerPockets Rookie 77

BiggerPockets Rookie 255

BiggerPockets Rookie 260

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

Hear Our Past Episodes with Matt:

BiggerPockets Podcast 689

Hear Our Past Episodes with Tom:

BiggerPockets Podcast 569

BiggerPockets Podcast 631

Connect with Amanda, Matt, & Tom:

Amanda's BiggerPockets Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-753

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

752: Why I Sold a Rental Property Portfolio That Took Me YEARS to Build w/Lee Yoder Apr 13, 2023

Want to know how to invest in multifamily real estate WITHOUT being a multimillionaire? We aren’t talking about tackling a duplex or triplex; we’re talking about sixteen, eight, or ten-unit apartment buildings that could help you replace your W2 income. And while these deals may seem too big to take down for a rookie real estate investor, they’re much easier to get done IF you know what to do. But you’ll want to follow Lee Yoder's advice, who left his job and took a hefty pay cut to start investing in real estate.

As a corporate physical therapist, Lee knew that time was passing him by. The one thing he could do to ensure a life of financial freedom and time with his growing family? Multifamily real estate investing! He made the risky decision to switch gears, leaving the corporate world and thirty percent of his income behind to make the jump. Thanks to smart saving and spending, Lee was in a position where he could dedicate large chunks of his time to flipping houses and later investing in passive-income-generating real estate.

The best part about Lee’s story is that he did all of this on a middle-class income, without a ton of cash, using tools that almost every investor has available to them. If you want to know how he did it, what steps helped him skyrocket his portfolio, and how you can repeat his system, stick around!

In This Episode We Cover:

When to go full-time into real estate and saying goodbye to a steady paycheck

House flipping and buying under-market homes at online auctions

The “passive income” fallacy and why real estate investing ISN’T what you think

Living below your means and why spending less allows you to take bigger risks

Using real estate meetups to find partners, mentors, and deals in your area

The rental property “scrapyard” that most investors overlook when buying multifamily

Buying in the multifamily “sweet spot” that new investors and big syndicators won’t venture into

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

Work with Andrew

Try the BRRRR Calculator on Your Next Deal

What is the BRRRR Method & How to Use it to Invest in Real Estate

How to Properly Analyze a BRRRR Property

Hear Andrew On Our Recent Episode About Asset Management

Connect with Lee:

Lee's BiggerPockets Profile

Lee's LinkedIn

Lee's Facebook

Lee's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-752

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

751: Why the BRRRR Method WON'T Be the Same in 2023 Apr 11, 2023

The BRRRR method just got served a devastating blow. With new financing rules and regulations, the “Buy, Rehab, Rent, Refinance, Repeat” strategy could be coming to a close for rookie real estate investors. This is a sensitive subject for most investing experts, as the BRRRR method was almost foolproof from 2010 to 2020. ANYBODY could find a house needing renovations, make some needed repairs, and turn it into a cash cow by refinancing out of their original loan.

But now, the tide has started to turn, cash flow has been erased thanks to high mortgage rates, and finding a home for sale isn’t as easy as it always was. For investors who relied on the BRRRR method, this could be seen as the end of a wildly profitable era. But for expert investors like David Greene, Henry Washington, and Rob Abasolo this is just the beginning of a new type of BRRRR that could pay off handsomely but has much more lethal side effects.

In this episode, we’ll get into exactly what the BRRRR strategy is, how investors use it to recycle their down payments, and what changes have caused it to go out of style. Our expert hosts will also describe what you MUST do to make your BRRRR investment work in 2023 and why simply buying a fixer-upper is NOT a worthwhile strategy. So stick around if you don’t want to get burnt on your next BRRRR!

In This Episode We Cover:

The BRRRR method explained and why it’s such a profitable rental property strategy

What changed in the BRRRR method and why 2023 will be MUCH more challenging

Seasoning period requirements and how long you’ll have to wait before refinancing

BRRRR red flags and what to do to protect yourself from buying a bad deal

The 1% rule and whether or not it’s still worth chasing in 2023

Expert ways to get around BRRRR waiting periods and high-interest rates

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 BRRRR Calculator on Your Next Deal

What is the BRRRR Method & How to Use it to Invest in Real Estate

How to Properly Analyze a BRRRR Property

Books Mentioned in the Show:

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

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-751

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

750: Seeing Greene: Don't Fall For the "Quick Cash Flow" Properties Apr 09, 2023

You want cash flow, but how do you get it in a housing market with high rates and home prices but low inventory? Or, how do you escape the rent cycle and get into real estate investing? Should you buy your first rental before a primary residence? And what financial position do you need to be in to leap into homeownership? When starting your real estate investing journey, questions like these seem to have no end. That’s why we’ve got David Greene, experienced investor, agent, broker, and author, to help guide you to the answers.

Welcome back to another Seeing Greene, where your tips, flips, and financial freedom-finding host, David, is here to help you build wealth through real estate investing. We’ve got questions from investors, renters, and homeowners trying to take their first step into the rental property investing world. First, we talk about tenant-friendly states and how house hacking can allow you to dodge many of these harsh landlord laws. Next, we hit on some HELOC (home equity line of credit) questions about when to pay off a HELOC and whether using one to buy a rental is a good idea. Finally, David talks about growing your financial foundation and how to systematize your business, so you AREN’T working sixteen-hour days. All that and more, coming up!

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:

Tenant-friendly states and whether they’re still worth investing in

How to find “quick” cash flow in today’s real estate market

When (and when NOT) to use a HELOC to fund your down payment

Buying a primary residence vs. rental property and building your financial foundation

When to pay off a line of credit and recycling the funds to buy more rentals

Systems you MUST put into place to free up time, do bigger deals, and get more done

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

3 Real Winning Deals in 2023 (and Where You Can Find Them!)

Need Lending? Contact David’s Brokerage

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

Books Mentioned in the Show:

SCALE by David Greene

SOLD by David Greene

SKILL by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-750

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

749: From DoorDasher to $1.5 MILLION in Real Estate (All at 22 Years Old!) w/Josh Janus Apr 06, 2023

Your DoorDash driver may be the world's next real estate mogul. If you ever had Josh Janus drop off food at your house, you may have been in the middle of him getting a deal done. That's right; between picking up and delivering food, Josh was cold-calling sellers, sourcing as many off-market real estate deals as possible. This type of serial side hustling led Josh to acquire $1,500,000 in real estate at age twenty-two, making $50,000 per month and building a business most entrepreneurs could only dream of.

From a young age, Josh was already the king of multiple income streams. He was making duct tape wallets on the bus, flipping shoes online, and doing whatever he could to save more money. When he found BiggerPockets, he realized that real estate was the way to propel his dollars even further, allowing him to have money work for him instead of the other way around. So, Josh set out building a "hybrid wholesaling" model. He would contact off-market sellers, send their information to an agent, and get paid for his side of the deal.

Once Josh got his real estate license, he started hustling even harder, selling $17,000,000 of real estate as an agent, making more in a month than many Americans make in a year. So what was Josh's quick key to success? How did he do all this in his early twenties without any experience? And how can you repeat the same system to skyrocket your wealth? Stick around; Josh will tell you how to do it too!

In This Episode We Cover:

The "hybrid wholesale" model Josh uses to make serious commissions on off-market deals

Side hustles, alternative income streams, and how to make more money in your free time

Cold calling tips and getting your first off-market deal under contract (even with NO experience)

How to use the BiggerPockets forums to get more deals, network with more investors, and build wealth

Mistakes you should avoid when hunting for your own off-market real estate deals

Josh's nearly perfect BRRRR and the right way to do a deal that needs a renovation/rehab

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 Our Interview with Couch-Flipper Turned Investor, Ryan Pineda

Build Your Off-Market List with PropStream

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

SCALE by David Greene

Connect with Josh:

Josh's BiggerPockets Profile

Josh's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-749

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

748: From $5/Hour to Five-Figure Rent Checks Thanks to "Guaranteed" Rent w/Anne Curry Apr 04, 2023

A preschool teacher turned rental property millionaire!? You wouldn’t believe it at first. How could someone like Anne Curry go from making five dollars per hour to bringing in five figures’ worth of rent checks every month? While it didn’t happen overnight, Anne’s story is one that’s repeatable by almost everyone, no matter where you’re starting financially, how much education you have, or your background.

Anne was never destined to be rich. She grew up in a household of non-profit workers, teachers, and those that expected to give more than they got. So when Anne married her husband, a social worker, she knew their chance of owning a home, let alone several, was slim to none. But, her fire for financial freedom and generational wealth never stopped burning, and as soon as she could purchase her first property, she made the jump that changed the course of her life.

Now, as an affordable housing landlord with hundreds of units, Anne is on a mission to not only build wealth but help others follow her same path. She went from having very little money to an astonishingly large real estate portfolio simply by asking questions, offering help, and having a tenacious attitude to build up others, not just her bank account. She explains how ANY landlord can get into affordable housing, the massive benefits that this type of investing offers, and the common myths most people get wrong about section 8 and guaranteed rent.

In This Episode We Cover:

Affordable housing myths and why most landlords are wrong about section 8 tenants

How to find affordable housing deals and the HUGE grants local governments offer

Scaling into multifamily and how to connect with those that have affordable housing deals

Finding a mentor, asking questions, and why you MUST be willing to learn before you invest

The new BRRRR method that’ll let you level up your wealth while owning your home

Types of affordable housing and who to talk to if you want to convert your rental to section 8 housing

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

Killer Cash Flow with This “Tenant-First” Section 8 Rental Strategy

Why I’m Investing in Affordable Housing for the Long Haul

The Pros and Cons of Accepting Section 8 Housing

What is the BRRRR Method?

Connect with Anne:

Anne's Instagram

Anne's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-748

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

747: Seeing Greene: “Amplifying” Your Equity and When to Pay Off Debt vs. Invest Apr 02, 2023

Want to buy rental properties while the market is down? If you didn’t already know, you could be sitting on the perfect funding source found right under your own feet. But with today’s mortgage rates still double what they were last year, is taking out any of your equity a mistake, or could this be the opportunity of a lifetime to scoop up some sweet real estate deals at a stellar price? We’ve got our expert investor, lender, broker, and ship-metaphor-making host, David Greene, to give you his wealth-building secrets.

Welcome back to another Seeing Greene, where we take questions live from BiggerPockets listeners on how you can retire early with real estate, build a business you love, and create generational wealth. This time, we’ve got questions on how to use home equity to buy more property, then we debate cash flow vs. appreciation and which is a better bang for your buck. We’ll also compare commercial vs. residential real estate and explain how these two seemingly similar assets operate VERY differently. And finally, David gives his favorite news sources on where to learn about the economy, the housing market, inflation, and every other variable that’ll help you make intelligent investing decisions!

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:

Refinancing vs. selling and what to do with high equity but high mortgage rates
Appreciation vs. cash flow and why bad neighborhoods are NOT for rental property investing
Residential vs. commercial real estate and why it gets tricky when funding bigger deals
Bitcoin as an alternative to cash and why the rich are still investing in a downturn
Portfolio architecture and how to buy rentals that build wealth (not just cash flow)
Where to learn about economic trends, data, and the housing market
Paying off debt vs. investing in real estate (and which to do first)
And So Much More!

Links from the Show

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-747

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

746: 28 Rentals Before 28 Years Old (and Doing it All in Just 3 Years!) w/Jake Radawick Mar 30, 2023

Twenty-eight rental units before turning twenty-eight years old? That takes some SERIOUS drive. But after talking to Jake Radawick, the whole story makes much more sense. Within three years, Jake built a rental property portfolio that brings in over $200,000 a year in rent and provides Jakes with a full-time salary’s worth of passive income. But Jake wouldn’t have done any of it if it weren’t for his family—specifically his brother.

Jake’s older brother has been his “why” for as long as he can remember. He broke through barriers and was able to achieve what most thought impossible of someone with autism. This gave Jake the confidence to go after goals that others told him weren’t achievable. And now, after three years, a lot of work, and some serious goals, Jake has a real estate portfolio that would have taken most investors decades to build. But it didn’t come without its struggles.

From financing blunders to pipes bursting and flooded basements, this episode will open you up to the realities of building a sizable rental portfolio. But, if you’re willing to take risks like Jake, pivot when possible, and build a team of investing experts, you too could replace your W2 income with real estate profits in just a few years!

In This Episode We Cover:

How to build a sizable real estate portfolio in three years or less

Knowing your “why” behind investing and why you NEED one to be successful

How to save up for a down payment and why side jobs are a MUST when building wealth

Live-in BRRRRs and capitalizing on equity to build your portfolio even faster

Investing out of state and why balancing cash flow with appreciation is a must

The “snowball” method that Jake used to buy properties faster than most investors

What to do when no one will finance your loan and why you should always have a great relationship with your banker

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

Network with Other Investors at a BiggerPockets Meetup

Book Mentioned in the Show:

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

Investing in Real Estate with No (and Low) Money Down by Brandon Turner

SCALE by David Greene

Connect with Jake:

Jake's BiggerPockets Profile

Jake's Instagram

Jake's Facebook

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-746

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

745: The MOST Underrated Way to Get Started in Real Estate in 2023 Mar 28, 2023

There is an almost fool-proof way to invest in real estate in 2023. It requires very little money down, no experience in investing, and can be used over and over and over again to build millions of dollars in real estate wealth. The strategy? House hacking! Real estate millionaires agree that this strategy is the BEST way to get started investing and can help launch you to the next level of financial freedom. You DON’T need a ton of time or money to house hack, and doing so could set you up for life.

And if you think our empire-building hosts, David Greene, Henry Washington, and Rob Abasolo, aren’t spitting facts, think again. All three of these investors started house hacking and credit it as the greatest move they made to build wealth. But how does house hacking work, and if it’s such a smart move to make, why isn’t everyone doing it? In essence, house hacking allows you to monetize your living space. So, you get paid to have a mortgage instead of paying a mortgage. This could mean renting out your spare bedrooms, Airbnb-ing your mother-in-law suite, or buying a duplex and renting out the other side.

And during a time when mortgage rates are higher than many of us have seen before and housing affordability is at an all-time low, house hacking can become your savior of savings, helping you keep more money every month. This compounded savings allows you to buy even more real estate, build your dream portfolio faster, and retire earlier than you thought. So, if you’re ready to invest in real estate, don’t sleep on house hacking!

In This Episode We Cover:

House hacking explained and why it’s the EASIEST real estate investing strategy of 2023

Investing in real estate with no and low money down and why house hacking is the perfect starter option

The different ways to house hack, from buying a duplex to renting out rooms

How to find and analyze your house hack to ensure it’s paying for itself

The best housing markets for house hacking and why you DON’T need to cash flow

The house hack stack and the secret to building a multi-million dollar portfolio over just a few years

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 Real Estate Calculators on Your Next Deal

How to Start a Real Estate Portfolio with Just $10K

Books Mentioned in the Show:

The House Hacking Strategy by Craig Curelop

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-745

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

744: Seeing Greene: How to Create Cash Flow & Cutting Costs On a Home Renovation Mar 26, 2023

What’s the key to escaping the rat race in 2023? Do you need a rental property LLC for every property, or can you put multiple in one? And how do you create cash flow when housing prices are so high? For the everyday real estate investor, it can seem like profitable rental properties are getting harder and harder to find, and financial independence is slowly slipping away. And while many would give up on their pursuit for early retirement, time freedom, and autonomy over their schedule, we’re here to give you the knowledge you need to hit your wildest investing goals in 2023.

We’re back with another Seeing Greene, where your agent, investor, broker, and system-building savant, David Greene, answers your real estate investing questions on the spot! In this episode, we’ll touch on rental property LLCs and how many properties to put in each one, what to do when home prices are high, and cash flow is low, the “new build BRRRR” that could create crazy equity gains, and a smarter way to shop for landlord insurance. All that (and much more) is coming up, so stick around!

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:

Where to buy your next rental property and how to create cash flow

Setting up your rental property LLCs and how many you’ll really need

The build, rent, refinance and repeat BRRRR strategy that could produce massive equity

Why bigger is better and the reason you should ALWAYS shop for rentals with more rooms

How to provide value to your mentor (even if you don’t have real estate experience)

Landlord insurance and when a commercial policy trumps individual coverage

Building systems for your real estate business and a practical way to start systemizing TODAY

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

Top 10 Real Estate Markets for Cash Flow in 2023

The BiggerPockets Guide to Landlord Insurance

Book 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-744

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

743: Better Than BRRRR!? How to Make $200K+ on ONE Deal w/Janice Stitzer Mar 23, 2023

The BRRRR method is one of the most celebrated, highly-effective real estate investing strategies the world has ever known. Never heard of it? BRRRR stands for “Buy, Rehab, Rent, Refinance, Repeat” and is a simple framework to allow any real estate investor, no matter their skill level, to get into real estate investing for no money at the end of the deal. This down payment recycling system allows you to use the same amount of cash to build a real estate portfolio that’ll expand to infinity. And for a while, the BRRRR method was yet to be bested—until now.

Janice Stitzer may have cracked the code. As a house-hacking California native, Janice was pushed out of the golden state right before the last crash when housing prices were high, cash flow was low, and traffic was at a standstill. She and her husband decided to boost their quality of life by relocating to Colorado, where they started a construction company and a BRRRR-ing empire. Then in 2008, when lending screeched to a halt, her BRRRRs died down. But some years later, a new idea hatched—the BRRRR 2.0.

Using this simple strategy, Janice got a brand new short-term rental that cash flows like crazy, all while gaining $200K in equity before her first guest checked in. This repeatable system can be used by almost anyone and doesn’t require much experience. With just five properties, this “BRRRR 2.0” investing style could make you a millionaire. But you won’t know how it works if you don’t tune in! So, stick around!

In This Episode We Cover:

The BRRRR 2.0 method and how it unlocks MASSIVE amounts of equity

House hacking in expensive markets and the lowering your cost of living (even in LA)

The BRRRR strategy explained and why it’s still one of the most profitable ways to invest

The five things to look for when developing land or investing in new construction

Why you NEED a great general contractor at your side ANY time you plan on building

Short-term rental investing and why the cash flow beats consistent long-term rentals

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 Succeed in Real Estate Investing Using the BRRRR Method

14 Questions to Ask Before You Hire a General Contractor

4 Vital Points to Consider BEFORE Getting Into New Construction

Book Mentioned in the Show:

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

Connect with Janice:

Janice's Instagram

Janice's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-743

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

742: How to Achieve Financial Freedom Through Real Estate in 4 Steps Mar 21, 2023

Financial freedom is the goal we’re all after. Whether you want to replace your nine-to-five income, retire your spouse or family members, spend more time with your loved ones, or just have enough money to travel the world, reaching financial independence is truly the American dream. And the wisest, most stable way to find financial freedom? Real estate investing! For generations, rental property investing has been the foundation of many millionaires’ portfolios, and you can repeat their path with four simple steps.

To give you the complete rundown on the four steps to financial freedom, we’ve got Dave Meyer, VP of Data and Analytics and host of On the Market, on the show. Dave embodies the financially-free life most people dream of. He lives abroad, chooses to work, and eats copious amounts of sandwiches every day. But what most people don’t see is the decade of hard work and dedication that Dave put in to get up to this point.

Dave will explain exactly how to calculate the passive income you need to find financial freedom, where to start investing in real estate, how to analyze a real estate deal from scratch, and the one tool that EVERY investor can use to build a rental property portfolio faster.

If you want to become a real estate pro in 2023, sign up for BiggerPockets Pro and use code “ANALYSIS20” for a special discount.

In This Episode We Cover

How to achieve financial freedom through real estate in 2023

Calculating your FI number and setting the RIGHT type of real estate goals

Picking your real estate market and metrics you MUST use when researching

Finding real estate deals and the LAPS funnel professional investors use to find perfect properties

How to analyze a real estate deal in minutes using the BiggerPockets rental property calculator

Cash flow vs. appreciation and which you should pick when deciding on your investment strategy

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-742

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

741: Seeing Greene: The Cash Flow "Golden Age” Could Be OVER Mar 19, 2023

The golden age of cash flow real estate investing could be over as we know it. For the past decade and a half, landlords got used to buying standard homes that made a killing in cash flow. Combine that with exponentially appreciating home prices, and anyone who purchased a property in the past ten years looks like an investing oracle. But now, the tide is starting to turn, and rookie real estate investors are struggling to find any house in almost any market that can cash flow. So what happened, and why has the nation’s cash-flowing real estate suddenly disappeared?

Welcome back to another Seeing Greene, where your “don’t just go for cash flow” host, David Greene, is back to drop some real estate knowledge for ANY level of investor. In this episode, we get into why it’s so challenging to find real estate deals that cash flow in 2023, when to invest in an appreciation vs. cash flow market, and whether or not to sell a property that isn’t profitable. Then, we switch gears and touch on how to vet a private lender you met online and whether or not an out-of-state rental rehab project is too risky for a brand-new real estate investor.

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:

The “Golden Age” of cash flow and why it might finally be over in 2023

How to pivot when you can’t find a “deal” in today’s housing market

Cash flow vs. appreciation markets and which makes for a better long-term bet

What to do when your rental property isn’t profitable and how to know it’s worth selling

Vetting private money lenders and why you should NEVER send money to one

Out-of-state renovations and rehabs and why rookie real estate investors should stay clear of them

Delayed gratification and why it’s the true path to building wealth

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

Cash Flow vs. Appreciation

Ability to Delay Gratification Predicts Wealth, Health & Success

Book Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-741

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

Bonus: SVB's Collapse: Is Real Estate at Risk in The Fallout? Mar 17, 2023

SVB’s (Silicon Valley Bank) collapse has more to do with the housing market than you think. With bank runs becoming contagious, Americans in fear of economic turmoil, and a recession now closer on the horizon, assets like real estate could be affected in ways that most everyday Americans don’t realize. But, to understand what could happen to home prices and the US economy, we’ll need to explain the entire situation.

Back on as expert guests, J Scott, multi-decade investor, and Scott Trench, CEO of BiggerPockets, are here to share their takes on the SVB’s meltdown. More importantly, they explain the events leading up to this bank collapse, how the pandemic created fuel for this future fire, and whether SVB’s collapse could cause a chain reaction that leads to more bank failures, harder economic times, and, surprisingly, higher mortgage rates.

J and Scott debate whether or not more small banks are at risk, what could happen to HELOCs (home equity lines of credit), mortgages, and other financing options, and whether or not real estate will go down with the ship as our economic situation goes from bad to worse. And, if you’ve been saving up for your next investment property, stick around as J and Scott walk through how real estate investors should be using their money in troubling times like today.

In This Episode We Cover:

SVB’s collapse explained and how it could drag us into a deeper recession

The effects on real estate and whether or not prices will drop as a result

Mortgage rate predictions and the Fed’s shaky decision to raise or halt rates

HELOCs (home equity lines of credit), mortgages, and other property financing options that could be in danger

Whether or not we’re in a recession, and if we aren’t, when the recession could hit

Investing in real estate in 2023 and the moves you MUST make to protect your investment

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

Watch J’s First Interview with BiggerPockets

How Did A $200B+ Bank Collapse In 48 Hours? Is Real Estate Going To Be Impacted?

Books Mentioned in the Show:

Recession-Proof Real Estate Investing, Flipping, and More by J Scott

Connect with Scott & J:

J's Website

Hear Scott on the BiggerPockets Money Podcast

Scott's Instagram

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

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

740: From $500 to 40 Rental Units After Going Broke in The Last Crash w/Eric Quinn Mar 16, 2023

Eric Quinn turned $500 into over forty rental properties without rich relatives, a winning lottery ticket, or a magic genie. Like many investors after the 2008 crash, Eric was left flat broke, with an unbelievably high adjustable mortgage rate, hundreds of thousands in credit card debt, and just a few hundred dollars to his name. His “bed,” a pile of clothes in an empty apartment, was the one thing that could comfort him while digging himself out of the housing market hole he fell into.

Now, Eric’s life looks a little different. With dozens of cash-flowing rental units, even Eric questions how he got here. His story includes selling snakes, dealing drugs, storage wars, terrible real estate deals, and bad debt, but at the end of it, thanks to making the perfect pivot, he came out on top. He made almost every real estate investing mistake in the book, from buying a property he knew nothing about to purchasing fifteen rental properties in one month (don’t do this) and taking risks that were never worth the reward.

But Eric isn’t here to cry over spilled milk. Instead, he’s here to share EXACTLY how he made it out of a horrible situation and turned his life around to build wealth, have time freedom, and live without worrying. You might be feeling a bit like Eric did, and if you want to know the mistakes you should avoid and the moves you should make to get in a better position, tune into today’s episode!

In This Episode We Cover:

How to build wealth when starting from ZERO (or in SERIOUS credit card debt)

Storage wars and making thousands flipping items found at auctions

The HUGE cash flow of sober living facilities and why they beat regular rental properties

Becoming a real estate agent and why you HAVE to go all in if you want to make more money

Purchasing portfolios and the big mistake Eric made that cost him hundreds of thousands

Property inspections and why you NEVER use a residential inspector on a commercial 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

How to Start a Sober Living Home

22 Doors After “Starting from Negative”

Property Inspections—Why They’re Vitally Important & How to Get the Most Out of Yours

Book Mentioned in the Show:

The Gap and The Gain by Dan Sullivan

Who Not How by Dan Sullivan

Connect with Eric:

Eric's Instagram

Eric's Facebook

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-740

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

739: Where the REAL Money is Made in Multifamily (Asset Management 101) Mar 14, 2023

The way you manage your multifamily real estate could be the defining factor when growing a bigger portfolio, reaching financial freedom, and leaving a lasting legacy. The “DIY management” style works for most real estate investors until they build a significant stack of multifamily properties. Then, the toilet calls, tenant complaints, and late rent checks get a little exhausting when you’re now taking care of dozens of tenants, not just two or three. So, what’s the right way to scale with multifamily real estate without losing your hair?

We’ve brought back multifamily investing experts Andrew Cushman and Matt Faircloth to explain how new multifamily investors can start to scale by making some strategic hires. Both of these battle-tested investing experts have dealt with their fair share of flaky property managers, late maintenance technicians, and asset managers who care more about a paycheck than building a profitable portfolio. They know exactly what does (and doesn’t) make a good hire and how you can start scaling quicker by outsourcing work you once thought crucial for an owner to do.

Andrew and Matt break down the difference between a property manager and an asset manager and explain why these roles are commonly confused. They also hit on how essential operations are at a time when cap rates are starting to expand and many buyers have fled the market. Finally, they’ll walk through the exact skills you should be looking for in an asset manager, property manager, leasing agent, and maintenance supervisor, so you can focus on growing your portfolio, NOT handling the day-to-day hiccups.

In This Episode We Cover:

Asset management vs. property management and how these two separate roles create investing synergy

The changing multifamily market and how “buying a deal” isn’t as easy as it was before

What small multifamily investors can do NOW to build the road to a bigger portfolio

Hiring a property manager and the twenty-seven questions you MUST ask them before you bring them into your team

Attitude over skills and how to find the rockstars that want to build your real estate portfolio

Incentivizing success and making sure your workers are paid for increasing value and cash flow

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

What Is a Real Estate Investment Asset Manager?

Get your free copy of the 27 Questions You should ask a Property Manager

Book Mentioned in the Show:

Raising Private Capital by Matt Faircloth

Connect with Matt and Andrew:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-739

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

738: Future Millionaires: The “Pickle Jar” Offer That Could Score You a Property Mar 12, 2023

Building a real estate portfolio in 2023 isn’t as easy as it used to be. Without the free-flowing deal flow of the past decade, real estate investors need to try more intelligent strategies to snag properties that can help them reach financial freedom. To help them hit their goals, expert investors David Greene and Rob Abasolo have been coaching a small group of real estate mentees on their journey to build a robust property portfolio. Over the past three episodes, we’ve seen them build their buy boxes, decide on markets, formulate offers, and level up their investor skills. At the end of this ninety-day journey, our mentees have made some profound revelations.

We start with Philip, who’s been struggling to find a worthwhile campground to get under contract. He’s been able to wrangle in a deal, but it comes with “hairy” circumstances that could allow him more bargaining power when negotiating with the seller. Next, Wendy is back on her hunt for a house hack. After viewing potential properties in the Las Vegas area, she’s had to pivot her investing strategy to tackle something that comes with lower costs. And finally, Danny joins us to talk about two “offensive” offers he made and the “pickle jar” method that investors should know about before negotiating with a seller.

All of the mentees have made MASSIVE strides in their real estate investing journeys, but what comes next is entirely up to them. Stick around to hear how they got ahead of the game, what made the most significant difference in their property searches, and how they’re gearing up to tackle even bigger deals throughout 2023!

In This Episode We Cover:

Negotiating with a seller and what to do when hidden costs pop up during your due diligence

Networking with other investors and the MASSIVE benefit that comes with it

House hacking, medium-term rentals, and what to do when struggling to find cash flow

Pivoting your rental property strategy and why you should NEVER make an offer unless the numbers make sense

Making “offensive” offers and why lowballing isn’t always such a bad thing

Building your “buy box” and keeping it flexible enough, so you’re still able to get properties under contract

Analysis paralysis, outsourcing, and what will stop you from making it 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

BiggerPockets Podcast 708 Part 1

BiggerPockets Podcast 719 Part 2

BiggerPockets Podcast 726 Part 3

Connect with Our Mentees:

Danny's BiggerPockets

Danny's Instagram

Philip's BiggerPockets

Philip's Instagram

Philip's Website

Wendy's BiggerPockets

Wendy's Instagram

Wendy's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-738

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

Bonus: How to Use the 2023 Housing Correction to Get RICH with Real Estate Mar 10, 2023

The 2023 housing correction could be the PERFECT time to invest in real estate. Don’t believe us? Maybe you’ll be more convinced by Dave Meyer, VP of Data and Analytics at BiggerPockets and real estate investor who got his start right after the 2008 housing market crash. For a fresh-out-of-college Dave, this was one of the scariest purchases he could have ever made. Right off of the Great Recession, no one knew which way the housing market would head, but because Dave took an educated, data-backed risk, he’s been rewarded handsomely with passive income.

And if you’re like most new real estate investors, you want to find financial freedom and spend more time doing what you love while building wealth in the background. Now, with skittish sellers and high mortgage rates scaring away many would-be-homebuyers, you can pick up real estate deals that could propel your wealth forward for years to come. And in this webinar, Dave will show you EXACTLY how to find, analyze, and finance your real estate deals. He’ll also dive deep into the data behind today’s housing market and prove why now may be one of the BEST times to buy real estate in years.

Now is YOUR time to start building wealth. Don’t sit on the sidelines while others are reaching financial freedom. Become a BiggerPockets Pro member and get access to exclusive rental property calculators, lease templates, property management software, and access to bootcamps that will take your knowledge to the next level. Sign up for BiggerPockets Pro and use code “INVEST23” for 20% off and a special gift from Dave!

In This Episode We Cover:

How to find financial freedom in ANY housing market (even in 2023!)

The housing market correction that could be a BIG OPPORTUNITY for buyers

Whether or not buying in today’s housing market is a smart move to make

Mortgage rate fears and how to combat a high monthly payment with seller concessions

Strategies that work in today’s real estate market and the five ways to profit with real estate

How to analyze a rental property investment with the BiggerPockets calculators

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

Estimate Rent Easily with the BiggerPockets Rent Estimator

Join BiggerPockets Pro and Use Code “INVEST23” for 20% off and a special gift from Dave

Books Mentioned in the Show

Real Estate by Numbers by Dave Meyer and J Scott

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

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

737: Lewis Howes: The 3-Step Formula to Go From Broke to Millionaire in 2023 Mar 09, 2023

Lewis Howes has made a career taking the insights of millionaires and masters of crafts and turning them into digestible, actionable steps that everyday Americans can use to achieve their dreams. He’s talked to investing moguls, sports icons, mindset authorities, and everyone in between. Through doing this, he’s become an expert on building the mental landscape that makes you successful, accountable, and ready to make meaningful action in the world. He knows what it takes to build wealth, get rich, and start eight-figure businesses. And he also understands why you may not be ready to achieve your wildest dreams.

Lewis Howes knows most people aren’t ready to get rich. It’s not because they aren’t smart or savvy enough at investing. It’s because there’s something missing deep down—something they didn’t even know about. And Lewis has real-world experience with this struggle. He was flat broke only fifteen years ago, sleeping on his sister’s couch, watching his dreams of becoming a professional athlete slip away. He even got caught by his first mentor stealing food after a speaking event when he didn’t have enough money to eat.

Fast forward to today, and Lewis is a best-selling author, owner of a multi-million dollar business, and gets paid more in an hour than most Americans make in a year. So what changed? What steps did Lewis take to accomplish this unbelievable feat, and what can YOU do to repeat the same system that led Lewis to greatness? All that (and more) in this episode!

In This Episode We Cover:

How Lewis Howes went from flat broke to multi-millionaire

Why you’re NOT READY to get rich (and what you can do to change that)

The importance of getting a coach and why tenaciously leveling up your skills is crucial to success

Breaking out of rock bottom and how to build wealth when starting from zero

The three steps to greatness that will help you achieve any dream

The one skill Lewis says you MUST have in today’s modern world

Pushing past fear and how judgment stops so many from fulfilling their destiny

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

BiggerPockets Podcast 405 with Lewis Howes

How Can You Achieve a Mindset for Investing Success?

Mastering These 2 Skills Is Critical to Success in Real Estate Investing

4 Key Ways to Build Wealth in Real Estate

Book Mentioned in the Show

The Greatness Mindset by Lewis Howes

Connect with Lewis:

Lewis' Instagram

Lewis' LinkedIn

Lewis' Podcast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-737

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

736: BiggerNews: Mortgage Rate Mayhem and New Rules That Could RUIN BRRRR Mar 07, 2023

In this month’s BiggerNews, the mortgage rate rollercoaster continues, ChatGPT tries to take your job, Facebook tells investors to get lost, and David discusses his love-hate relationship with Jack in the Box. That’s right, we’ve crammed in all the most important news for real estate investors, including AI realtors, dangerous fast food options, and why buyers and sellers keep pushing down hard on both pedals. David Greene and Dave Meyer will go down the real estate rabbit hole, discussing the most important headlines affecting today’s housing market.

Welcome back to BiggerNews, where we touch on the facts, data, and everything else affecting real estate investing. This time, the Dave duo hits on why mortgage rates shot down earlier this year and what’s causing them to rise again, plus what this will do to buyers and sellers who are waiting to get into the market. Then, we’ll hear how the BRRRR method could be in danger as new mortgage rules make a cash-out refinance far harder than before. Ever thought, “We need more artificially conscious investors.” If so, you’re in luck! We’ll touch on how ChatGPT could allow an influx of sub-par investors to enter the market.

And if you’ve been waiting for a revival of Craigslist, stick around. New rules that Meta (Facebook) announced recently may deal a blow to real estate sellers on the popular platform. Finally, David and Dave will give their take on Biden’s new “Renters Bill of Rights,” which could create more protections for renters but with the side effect of rent control for landlords. All these stories could have SERIOUS impacts on the housing market. Whether you’re an investor, realtor, renter, or homeowner, this is news you need to know about!

In This Episode We Cover:

Mortgage rate updates and what’s causing the interest rate volatility affecting investors

New cash-out refinance rules that could make the BRRRR method even more challenging

Why Meta is cutting support for real estate sellers (and what this means for off-market investors)

The Biden Administration’s new renter bill that could create housing markets dead zones for investing

Chat GPT’s opportunity for investors and how it could harm those that are running the best real estate businesses

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

2023 Mortgage Rate Outlook: Could Rates Drop?

Biden’s “Renters Bill of Rights” Is Here — Is Nationwide Rent Control Coming?

How to Succeed in Real Estate Investing Using the BRRRR Method

Why Rent Control Doesn’t Work - Freakonomics

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-736

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

735: Seeing Greene: Rental Property Deal-Breakers That Could Kill Your Cash Flow Mar 05, 2023

Which rental property “deal-breakers” could kill your cash flow? When is the right time to stop saving and start investing? And what should you do once you’ve hit your passive income goals? These are all questions that everyday real estate investors like you are asking, and on this episode of Seeing Greene, David will provide all the answers you need. So whether you’re just getting started, questioning when to invest, or ready to retire early but don’t want to regret the decision, this is the episode for you!

David Greene, your expert investor, agent, broker, and podcast host, can help you reach your wealth-building goals faster than ever. This time, David outlines the three pillars of saving and investing and how following this simple guideline can stop you from losing all your wealth in one fell swoop. Next, we debate whether or not paying off a rental property makes sense in today’s unstable interest rate environment and how inflation is making real estate investing more challenging than ever before. Finally, we touch on rental property “deal-breakers” and what your agent should tell you before you buy a deal.

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:

Saving vs. investing and when it’s time to pull the trigger on a rental property

The three pillars of money management and why you ALWAYS need emergency reserves

Paying off your rental property and what to do with six figures in yearly cash flow

Inflation, rising prices, and how intelligent investing protects you against an environment of easy money

Unpermitted renovations and whether or not a deal is worth it with one

Real estate agent red flags and what to do if your agent isn’t looking out for your best interest

Negotiating through agents and how to get your point across when talking through middlemen

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

BiggerPockets Podcast 674 with Ashley Hamilton

BiggerPockets Podcast 353 with Tim Rhode

BiggerPockets Podcast 717

Should I Pay Off My Mortgage Or Invest In Another Property?

Book Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-735

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

734: Seller Red Flags I Should Have Seen Before Doing a Nightmare Deal w/David Pere Mar 02, 2023

There are a few real estate investing red flags that an investor should ALWAYS look out for. If you don’t, you could end up in the same situation as David Pere, who just finished off a four-year lawsuit after a seller tried to get rid of a deal that wasn’t even worth the dough. But David wasn’t a rookie when this happened. This was David’s third deal after having multiple units under his belt. And even though he was able to walk away from the lawsuit, the downsides, years of stress, and wasted opportunity is what he wants to make sure you DON’T repeat.

This deal didn’t look fishy at the start, but as soon as closing came, difficulties started to crawl out of every nook and cranny of this property. Made-up leases? David’s got them! Weirdly intertwined relationships between sellers and property managers? It’s there too! Repairs that never got made? You bet! And this isn’t even the worst of the deal gone wrong. The story gets even more unbelievable, fraudulent, and downright confusing as David spills the tea.

But this isn’t a pity party. All while this lawsuit was happening, David has been scaling his rental property portfolio, reaching financial freedom, and still doing the best he could to build wealth. This story is NOT meant to scare you off from investing but to show you that any deal, no matter how bad it gets, can be a learning lesson that allows you to reach your goals even faster!

In This Episode We Cover:

The “more doors” trap and why scaling bigger isn’t always the best move

Lease options explained and why a seller would risk signing one

Mixed use real estate and the multiple streams of income that come from one property

Why you should ALWAYS get your team into a deal before you sign the contract

Red flags David missed that you should ALWAYS look out for when buying a new property

Taking a seller to court and what to do if you find out there’s fraud in your deal

Why savvy buyers (and sellers) always document EVERYTHING said in a negotiation

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 6 Best Ways to Minimize Your Chances of a Lawsuit

3 Strategies for Using a Lease Option to Invest in Real Estate Creatively

Investing in Mixed Use Commercial Property

Book Mentioned in the Show

The No B.S. Guide to Military Life by David Pere (For FREE!)

Connect with David Pere:

David' BiggerPockets Profile

David's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-734

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

733: 3 Real Winning Deals in 2023 (and Where You Can Find Them!) Feb 28, 2023

The housing market is heating up as homebuyer season comes back in full swing. For the past few months, most real estate investors have assumed that high interest rates and low inventory would stop first-time homebuyers from making offers on houses. But, most of us assumed wrong. At the start of this year, demand started picking back up, causing investors to pivot to get offers in quickly. So, if you’ve been waiting to buy your first or next deal, now may be the perfect time to start analyzing properties, sending in offers, and getting your property portfolio started. But you can’t do it without an elite agent!

We brought in three of the nation’s top agents to tell us what’s happening in their markets, what types of deals they’re doing, and how you can make the most off your next purchase. We first welcome back Dahlia Khalaf from ASN Realty in Tulsa, Oklahoma. She’s recently helped a client get into a “double dip deal” that resulted in tens of thousands in profit on a deal that almost any beginner investor could do. But they had to get creative to find it! Next, we bring back Rob Chevez from Washington, D.C., who’s worked out an interestingly debt-ridden real estate deal to help his investor client pull in some SERIOUS cash flow from short-term renting.

And lastly, who could forget about our own David Greene? He’s California’s favorite real estate agent, and his team has been using the house hacking strategy to help first-time homebuyers subsidize a SIGNIFICANT portion of their mortgage. Even better? This deal required no money down and allowed his clients to lock in a low mortgage rate and a low cost of living while in one of America’s most expensive cities, San Diego.

If you want a home run deal like any of the ones discussed on today’s show, head to BiggerPockets’ Agent Finder to find an elite investor-friendly agent in your area.

In This Episode We Cover

Why the housing market is heating up as homebuyers come back with higher demand

Wholetail real estate deals and how to flip a property without ANY renovation costs

How to find off-market deals and targeting homes that have been sitting on the market

Home liens and using them to find sellers who are willing to give a discount on their properties

Whether or not cash flow is still possible in 2023 and which strategies will bring in the highest rents

House hacking and using this strategy to lower your cost of living significantly

Rate buydowns, seller credits, and more ways to come to closing with less money

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

BiggerPockets Podcast 697 with Dahlia, Rob, and David

Connect with Dahlia and Rob:

Dahlia's BiggerPockets Profile

ASN

ASN Facebook

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-733

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

732: Seeing Greene: Side Hustles, Syndications, & Escaping a W2 with Real Estate Feb 26, 2023

Want to quit your job for real estate? Not so fast. Trading your steady W2 for rental properties could be a risk that isn’t worth taking in 2023. But why? Isn’t the point of property investing to reach financial freedom and leave your W2 behind? Stick around for the full perspective from expert investor David Greene. His advice could save you money and time when deciding whether or not staying at your job is the right move to make!

Welcome back to another episode of Seeing Greene, where your favorite agent, broker, Batman-voice-impersonator, and podcast host, David Greene, answers your most-asked questions on real estate investing! This time around, we hear from a new investor who wants to know the best real estate side hustles, a mid-career worker who’s undecided on how he should best use his cash to invest, and we even receive a call all the way from New Zealand on how to pick the best real estate market. David also goes deep into why outsourcing is SO challenging (at first), where the BRRRR method WON’T work, and the problem with coaching programs.

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:

The best real estate side hustles for investors who want some extra cash

What you need to know BEFORE you quit your job to invest full-time

Real estate market research and the best cities to invest for cash flow

Scaling your business and your portfolio and the secret to outsourcing work

Why the BRRRR method WON’T work in certain rental markets

Appreciation vs. cash flow markets and when to pick one over the other

Whether to buy more rentals, invest in syndications, or put up cash for a coaching program

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

BiggerPockets Real Estate Podcast 718

BiggerPockets Real Estate Podcast 690

BiggerPockets Money Podcast 305

Should You Invest for Equity or Cash Flow?

Book Mentioned in the Show

Long Distance Real Estateby David Greene

BRRRR by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-732

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

731: From Losing EVERYTHING in the Last Crash to $9,000,000 Income in 9 Years w/Brent Daniels Feb 23, 2023

The last housing crash wasn’t a good time for most Americans. And for Brent Daniels, it was the worst time of his life. Before the crash, he was riding high, making six figures, living in a big house with a new car, and building a real estate brokerage with eighty employees. Then, the market started to tank, and so did Brent’s revenue. He had to let go of all eighty workers, watch his car get repossessed, and witness his wife leaving him. But that wasn’t all. The ten-year office lease for his brokerage was still due, and the owners shackled him with seven hundred thousand dollars of debt.

Brent hit rock bottom as his reputation lay ruined, forced to stay with friends to survive. He slowly got back into real estate, making a few hundred dollars here and there. But then, one day, Brent stumbled upon an assignment fee. He watched one of his friends walk away with a five-figure check simply for flipping a contract to an investor. Thus, the wholesaling fire was sparked, and Brent gave up his dreams of becoming a top agent or real estate investor.

He hit the phones, finding as many motivated sellers as possible. From there, Brent shares how he built a business that does over a million dollars a year with just four team members, why he doesn’t invest heavily in real estate, and the exact script he uses to get hefty wholesale fees from motivated sellers. Now, with a net worth of over eight million dollars, Brent has proven that no comeback is impossible and that the best foundation for success is rock bottom.

In This Episode We Cover:

Overleveraging and Brent’s mistakes that made him lose everything in the last crash

The toxic “supreme ego” that will push you to take risks that are never worth it

Paying off six figures in debt and how to rebuild when starting from below zero

The secret to talking to motivated sellers and the four pillars of negotiation in a deal

Cold calling tips and what you should NEVER say to a seller

How to scale a LEAN business that operates almost entirely without you

A glimpse into an alternate universe where Henry Washington is David Greene’s wife

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 Newbie’s Guide to Wholesaling in 7 Simple Steps

5 Cold Calling Techniques That Really Work

3 Types of Motivated Sellers (& How to Win Deals By Solving Their Problems!)

How to Stop Worrying and Start Living

Books Mentioned in the Show

Rich Dad Poor Dad by Robert Kiyosaki

Connect with Brent:

Brent's Instagram

Brent's Website

Brent's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-731

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

730: How to Start a Real Estate Portfolio with Just $10K Feb 21, 2023

Want to know how to invest in real estate with $10,000? For most people, $10,000 doesn’t sound like enough to start a rental property portfolio. But today, you’ll learn exactly how to turn this easily savable amount of money into the foundation for financial freedom. If you want to know the nine ways you can begin building wealth through real estate with $10,000 or less, stick around!

David Greene, Henry Washington, and Rob Abasolo all started their real estate investing journeys without stacks of cash. They had to scrimp, save, and hustle to get to their first property. But, once the cash flow wheel started to turn, all of these investors quickly multiplied their real estate holdings and sailed straight for financial independence. And now, they want to help you do the same!

David, Henry, and Rob all share their favorite ways to invest in real estate with $10,000, the risks and rewards of each of these strategies, and pit each method against the others in a strategic showdown on the BEST way to invest in real estate with little money. They even share the fastest ways to save up $10,000, so you can start investing sooner! So if you want to make 2023 THE year you start investing, even if you don’t have much savings, stick around!

In This Episode We Cover:

How to invest in real estate with $10,000 or less

The nine best strategies that rookie investors can use to get their first property

How to save $10,000 and which side hustles will make you the MOST cash

Cash flow vs. appreciation and which markets are worth investing in

The “rental arbitrage” strategy that can make you THOUSANDS a month (with a LOW investment)

The riskiest ways to get into real estate and which strategies newbies should AVOID

A free way to ensure your success when investing that many people overlook

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

Books Mentioned in the Show

BRRRR by David Greene

Long-Distance Real Estate Investing by David Greene

SCALE by David Greene

Investing in Real Estate with No (and Low) Money Down by Brandon Turner

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-730

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

729: The 10 Real Estate Markets Primed for Long-Term Growth in 2023 Feb 19, 2023

The real estate markets that have the highest populations tend to have the highest housing prices. Think of cities like New York, Los Angeles, San Francisco, and Seattle. Just a few years ago, these bustling metros were packed to the brim with tech workers, all of which contributed to housing shortages and sky-high home prices. Now, with remote work the new norm, these big cities are seeing their populations slowly start to siphon out to more affordable housing markets in America.

As an investor, you may ask yourself, “where are the most people (and money) headed?” In this episode, Dave Meyer and David Greene will answer this exact question. But, it isn’t as easy as solely looking at population growth. Dave and David go deep into the data to see where businesses, tech jobs, and high salaries are moving so you can make the best bet for future equity plays. And even though it seems like Miami, Austin, and other booming markets have already priced out most investors, recent price drops could be a short-term loss that leads to your long-term gain.

But even if you know where Americans are migrating, you’ll still need to know the “why” so you can find future markets fitting these criteria. Dave and David touch on how work from home changed the housing market, why the pandemic split the nation into affordable and unaffordable housing markets, and how something as simple as a warm day could heavily impact where the best investing opportunity is. So stick around if you’re planning on buying, investing, selling, or moving in 2023!

In This Episode We Cover:

The ten real estate markets that are seeing massive migration even in 2023

The “great reshuffling” and how a nomadic work culture changed America’s housing landscape

Work from home’s effect on migration, high-paying jobs, and home prices

How political stances and low/no income tax enticed many Americans to leave their home states

The housing markets seeing the BIGGEST population drops and where not to invest

Where businesses are moving, and the sneaky tax incentives states use to entice corporations

Why short-term price drops DO NOT predict the future of the housing market

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

Migration, Inflation, and Why Big Cities Are Losing Their “Desirable” Status

Book Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Real Estate By the Numbers by Dave Meyer

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-729

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

728: Making $80K+ Per MONTH with Just 9 Rental Properties w/Jesse Vasquez Feb 16, 2023

You don’t need a hundred rental properties to make a million dollars a year. You can do it with less than ten properties. Sounds insane, right? If so, tune in to hear Jesse Vasquez’s story as he breaks down exactly how he built a seven-figure income stream with fewer rental properties than most medium-sized landlords. He even gives an example of how just two of his rental properties are cash-flowing enough to replace a six-figure salary. So what is he doing differently from the rest?

After escaping the “golden handcuffs” of a six-figure healthcare sales job, Jesse knew he couldn’t ever return to the corporate work environment again. He loved the paycheck but was paralyzed by the work and needed an escape that could help him build wealth without sucking his soul. After sparking up a conversation with a traveling nurse, he realized there was an unfilled niche in the medium-term rental space, one that traveling professionals would pay handsomely for.

From working in healthcare, Jesse has been able to pinpoint exactly what makes a high-cash flow medium-term rental, which amenities can dramatically increase your rent price, and how to make six figures in cash flow with just a few properties. This deep dive will give you EVERYTHING you need to know before you buy a medium-term rental, how to achieve a near-zero vacancy rate, and the most lucrative way to find tenants that will net you five times higher rent than a regular long-term tenant.

In This Episode We Cover:

The medium-term rental strategy explained and how it produces so much cash flow

Leaving a cushy six-figure job to build a real estate business, not just retire early

How Jesse makes close to a million dollars a year with just nine rental properties

The secret amenities that nurses MUST have to book your property

The exact agencies to call to get your property rented at SIGNIFICANTLY higher rates

How to choose the perfect medium-term rental market and what to look for in local hospitals

Home insurance rental coverage and how to use it to fill up your units FAST

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

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

ALE Solutions

DANHousing

Furnished Finder Stats

Book Mentioned in the Show

30-Day Stay by Zeona McIntyre & Sarah Weaver

Connect with Jesse:

Jesse's BiggerPockets

Midterm Rental Summit

Jesse's Website

Jesse's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-728

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

727: Seeing Greene: Making $300K Per Year On ONE Short-Term Rental Feb 14, 2023

Short-term rental investing is where the big bucks are made. Unlike long-term traditional rental properties, short-term rental hosts can charge higher daily rates, allowing them to lock in far higher revenue. This revenue number grows exponentially the bigger, better, and more unique a property gets. So, a Spanish-style Scottsdale mansion will rent out for a LOT more than a traditional large home. And that’s exactly what we have on this episode of Seeing Greene; a Scottsdale, Arizona mansion bringing in over $300,000 per year!

On this special edition of Seeing Greene, David Greene and Rob “Robuilt” Abasolo will give a Deal Deep Dive on their latest partnership property. This massive mansion in sunny Scottsdale was one of the most expensive properties Rob had ever bought, but with the help of David, they’ve been able to turn it into a cash cow, even as headaches pop up. David and Rob walk through the property cost, how they found it, the renovations they made, and how much they expect to bring in this year.

They also share guest stories that’ll make you feel sympathy for any vacation rental host, the problem with pool heaters, and what to do when your guest pulls a Glock on your house cleaner. These are the stories most vacation rental hosts won’t tell you, so stick around if you want to hear all the cash-flowing details!

In This Episode We Cover:

Scottsdale real estate and why David and Rob picked this perfect vacation rental destination

The downside of buying dozens of properties and why one large purchase beats many small ones

Finding an investor-friendly agent and why you NEED a rockstar in your real estate market

How much David and Rob spent on furnishing, painting, and fixing this property

David’s five-point matrix for a profitable rental property

Guest horror stories and why you should ALWAYS keep your TV manual

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

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

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

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

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

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!

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

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

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

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

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

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:

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

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!

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:

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

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

Danny's BiggerPockets Profile

Book Mentioned in this Episode

30-Day Stay by Zeona McIntyre & Sarah Weaver

Connect with Danny, Philip, & Wendy:

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

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

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

Books Mentioned in this Episode

Real Estate by the Numbers by J Scott and Dave Meyer

Real Estate Note Investing by Dave Van Horn

Connect with Dave:

“On The Market” YouTube Channel

“On the Market” Podcast

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-718

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

717: Seeing Greene: Hoarder Houses and Investing Tips for Late Starters Jan 22, 2023

Hoarder houses, hidden tax benefits, and how to invest when getting a late start—it’s all answered on this episode of Seeing Greene. We’re back, and David has brought some new questions never answered before on the show. This time, we’ll touch on some sticky situations, like creative ways to buy a hoarder house and whether investing in a tricky renovation is even worth the potential equity. We also hear about David’s secret system for getting contractors to always show up on time and get the job done, no matter what!

Not only those topics, but we also have some questions and answers that fluctuate with the market cycles. David will hit on the advantages of flipping vs. BRRRR-ing a property, the best real estate exit strategy to go from active to passive income, and what investors who got a late start can do now to get ahead. This episode has something for EVERY level of investor, from beginners who need to get into their first rental to investors looking to turn their rental properties into lower tax bills. So stick around if you’re investing or trying to invest in 2023!

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:

Flipping vs. BRRRRing and when selling beats holding a home

The best way to start investing that’s easily repeatable and doesn’t require much cash

Dealing with difficult contractors and what you can do to ensure they show up on time every day

Real estate exit strategies and how to sell a rental without suffering a massive tax burden

The hidden real estate tax advantages that most investors overlook

Advice for late starters who want to invest in real estate and whether equity or cash flow is worth chasing

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

Learn More About the Short-Term Rental Tax “Loophole”

5 Tips to Help Investors Handle Hoarder House Situations

3 Exit Strategies You Need to Have When Investing in Real Estate

Books Mentioned in this Episode

Long-Distance Real Estate Investing by David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-717

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

716: FIRE by 27 Using the "Chick-Fil-A Rule" of Real Estate w/Greg Cullen Jan 19, 2023

Financial independence is something that people spend decades trying to achieve. For the average American worker, this can be a slow grind, saving a few hundred dollars a month, hoping to be financially free at sixty-five so they can finally enjoy retirement. The problem? You spent three or four decades at a job, waiting to do what you want. If you’re going to crack the code to financial freedom, retire early, and live and work on your terms, you might want to follow Greg Cullen’s strategy.

Greg has been hustling since he was a teenager. He was bringing in a full-time salary at age sixteen after building a sign-spinning business with over a dozen workers. He always knew the key to success was finding smart ways to make more money. So, when Greg was offered a full-time salary, he turned it down for a sales job with no cap on commissions, allowing him to save money at a far faster rate, and reach financial freedom well before the age of thirty.

But Greg didn’t need some colossal empire of cash-flowing rentals. Instead, he’s financially free with only ten units, all of which he bought in under a decade. So how did someone like Greg, without real estate experience, scale his income up so fast? In this episode, you’ll learn what Greg did to purchase properties at lightning speed, the Chick-fil-A rule of real estate you should adopt, and how failing is the only successful way to hit financial freedom early.

In This Episode We Cover:

Why choosing a commission-based job, with uncapped earnings, beats a salary almost always

Sign spinning and creative ways Greg made big money as a teenager

The Chick-fil-A real estate rule that all investors should follow when picking a rental property market

Common investing hurdles and how to deal with massive burnout when trying to make more money

The laws of power that every entrepreneur, investor, or employee must know to level up

What to do when real estate partnerships go wrong and turning a stressful situation into a killer deal

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 Our Interview with “The 48 Laws of Power” Author, Robert Greene

Books Mentioned in this Episode

The Concise 48 Laws Of Power by Robert Greene

Rich Dad Poor Dad by Robert Kiyosaki

Connect with Greg:

Greg's BiggerPockets Profile

Greg's YouTube

Greg's Instagram

Greg's TikTok

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-716

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

715: How to Make 2023 Your Best Year Ever Jan 17, 2023

Search “how to make passive income” online, and there’s a good chance you’ll see “real estate investing” on every list. Why? Real estate investing is one of the most time-tested, stable, and repeatable ways for the everyday American to get rich, build wealth, and start collecting passive income every month. But you’ll never get going if you don’t know where to start. So to make your 2023 as successful as ever, David Greene, investor, agent, and host of the BiggerPockets Real Estate Podcast, sat down to walk through the eleven steps it takes to go from onlooker to real estate investor.

Real estate is NOT a “get rich quick” type of investment, but it can help you build wealth in a surprisingly short amount of time. Just ask David, who spent years working overtime as a cop, slowly building up a real estate portfolio that eventually led him to hit financial freedom before most people buy their first house! In this episode, David will walk step-by-step through everything a new investor must do to get their first rental property, how to analyze real estate deals once you find them, and how to repeat the system, so your passive income stack grows bigger every year!

Want to become a real estate investing expert in 2023? Sign up for BiggerPockets Pro, where you’ll get access to real estate tools and calculators, bootcamps for any investor, lease agreement packages for all fifty states, unlimited webinar replays, and exclusive videos.

Start the new year off right by upgrading to BiggerPockets Pro, and use code “NEWYEAR” at checkout for a special discount!

In This Episode We Cover:

How to make 2023 your best real estate investing year EVER

David’s slow start and going from almost giving up to financial freedom in only a few years

How to analyze a real estate deal from start to finish (with a LIVE example)

The 11 KEYS to success when starting in rental property investing

How to find real estate deals in ANY market using the LAPS funnel

Setting goals and why so many people fall short of their new year’s resolutions

Using BiggerPockets Pro to get your first (or next) real estate deal even faster!

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

Grab the Best-Selling BiggerPockets Books

Get Your Ticket to BPCon 2023!

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-715

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

714: Seeing Greene: Outsourcing, Retiring with Real Estate, & Investing in College Jan 15, 2023

What’s your real estate retirement plan? How should you fund your rentals? And why is today’s housing market so hard to cash flow? These are just some of the questions that regular real estate investors ask themselves. In a high interest rate, low inventory environment like 2023, landlords need to find better deals, use better financing strategies, and look for different ways to profit, to turn their portfolios into passive income-generating machines.

Welcome back to a Seeing Greene episode that has questions from all over the nation. Some investors wonder why their cash-on-cash return numbers look so bleak. Others are debating using a HELOC (home equity line of credit) to buy rentals, even as interest rates continue to rise steadily. You'll hear answers to those questions all while David touches on topics around buying for cash flow vs. appreciation, how to buy rental properties while in college, how to find off-market properties, and where to meet private money lenders!

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:

Starting a construction company and using this lucrative trade to invest faster

Cash-on-cash return and why appreciating markets are crunching down on potential cash flow

Single-family vs. multifamily real estate investing and when to favor appreciation over cash flow

Using a HELOC to buy rental properties vs. saving up your cash for a down payment

Investing while in college and how to get approved for a mortgage even if you don’t have full-time income

Where to find off-market real estate deals and reach motivated sellers

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

Amy Mahjoory's Masterclass on Private Lending Part 1

Amy Mahjoory's Masterclass on Private Lending Part 2

Amy Mahjoory's Masterclass on Private Lending Part 3

Amy Mahjoory's Masterclass on Private Lending Part 4

How to Calculate Cash-on-Cash Return

Learn More About David’s Full Real Estate Team

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-714

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

713: The Real Life Top Gun’s Advice to Become ELITE at Anything w/John Foley Jan 12, 2023

Chances are you’ve seen the movie Top Gun before. This exhilarating film showcased the almost unbelievably intense reality of being an elite pilot in the military. And behind many of those awe-inspiring stunts and scenes was John Foley, Blue Angels pilot, entrepreneur, real estate investor, public speaker, and all-around inspiring human being. John has performed these death-defying stunts for years and successfully became the one percent of the one percent of pilots. His key to success? Failing hard.

As soon as John saw the Blue Angels perform as a child, he dreamed of doing the same. It took him eighteen years to accomplish his dream, but it came with a cost. Before hitting his performance peak, John made a flight mistake that could have ended his career and another pilot’s life. Thankfully, this ill fate was avoided, but John still had to live with the consequences of making such a massive mistake. As a result, John reframed and rewired his brain to be better, retain more, keep his composure, and be “glad to be here.”

He’s made his way up to the highest level of flying and knows the key to elite success. The surprisingly simple method is laid out in today’s show, as John walks through the five steps he goes through every day to improve his life constantly, always be grateful, and never leave a day to waste. So if you want to push yourself to the next level, accomplish more than you think you’re capable of, and live more life in the moment, tune into this episode!

In This Episode We Cover:

Knowing your blind spots and why witnessing your weaknesses can boost your skills

Why complacency kills and thinking you’re “good enough” can drag you down

The benefits of a debrief and why you always want to know what you did wrong

Finding your “why” and turning it into the driving force behind your success

The “glad to be here” method and why it’s a “wonder drug” for human happiness

How the 1% of any skill set optimize their performance and push others to do the same

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

Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership

Here’s Why Failure Is NEVER the End of Your Real Estate Journey

Book Mentioned in this Episode

Fearless Success by John Foley

Connect with John:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-713

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

712: Has the Short-Term Rental Goldmine Run Dry? w/AirDNA’s Jamie Lane Jan 10, 2023

Short-term rentals can be categorized, at least at a surface level, as the “easiest” investments of 2021 and 2022. With low interest rates and a surge of post-pandemic tourism, new hosts were buying homes for cheap monthly payments, throwing some furniture in them, and making a six-figure return within a year of owning just one property. Naturally, this led more and more hosts to start building bigger vacation rental empires, buying as many properties as possible and inflating prices as a result.

But, the boom in BnBs caught on quickly, and more investors began tackling the same strategy. Before long, there were more short-term rentals than ever, but the same number of guests occupied them. Now, short-term rental hosts are facing lower occupancy as they struggle to compete over which properties will get which guests. So, is this the end of the short-term rental industry, or is the data showing something completely different? We brought on Jamie Lane, Vice President of Research at AirDNA, to give us a glimmer of hope.

Jamie knows short-term rental data better than anyone else. He knows which markets are growing, which are declining, which amenities get you the highest ROI, and why last-minute bookings aren’t a bad thing. He gives us a deep dive into what’s affecting the short-term rental market as a whole, whether it’s on a decline, and what hosts can do to beat out the competition when trying to fill their listings.

In This Episode We Cover:

The “BnBust” and why so many short-term rental hosts are facing low occupancy

2023 short-term rental predictions and the effect a recession could have on the industry

The best short-term rental markets and which tourist cities will remain strong

Short-term rental regulations and how they may be a good thing for existing hosts

Last-minute bookings and using dynamic pricing to make these stays more profitable

The top amenities guests want in their vacation rental in 2023

Superhost status and the massive boost in bookings it can lead 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

Use the BiggerPockets Airbnb Calculator

Try AirDNA Today

AirDNA 2023 Outlook Report

AirDNA November 2022 Data

Connect with Jamie:

Jamie's LinkedIn

Jamie's Twitter

Jamie's Podcast

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-712

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

711: Is This the BIGGEST Multifamily Opportunity in 10 Years? w/Andrew Cushman and Matt Faircloth Jan 08, 2023

Multifamily real estate investing was almost impossible to break into over the past few years. Even those that had been in the field for decades were finding it challenging to get offers accepted or deals underwritten. Investors were throwing in almost unbelievable amounts of non-refundable earnest money, going well over asking price and analyzing deals at lightning speed, which often led to mistakes, not more money. But the tables have turned, and now, thanks to high interest rates, the buyer is in the driving seat.

And how could it be a multifamily episode without Andrew Cushman and Matt Faircloth? These two expert multifamily investors have been buying apartments for decades and helping others do the same! In this episode, Andrew and Matt break down what has gone on in the multifamily markets, why cap rates haven’t kept pace with interest rates, and what buyers can do now that sellers have lost most of their bargaining power. You’ll also get to hear their multifamily predictions for 2023, how far they expect prices to fall, and what you can do to start or scale your multifamily investing this year!

Then, Andrew and Matt take questions from the BiggerPockets forums and live Q&As with new multifamily investors. These topics range from property classes explained to raising private capital from investors (who aren’t your mom) and the risks and rewards of investing in smaller markets. Whether you’re interested in duplexes, triplexes, or two-hundred-unit apartment complexes, Andrew and Matt have answers for you!

In This Episode We Cover:

The mortgage and cap rate battle and how the two are unbalanced in 2023

The multifamily buyer’s market and why now is the time to aggressively chase deals

2023 housing market predictions and what multifamily investors can expect

How to start, or scale, your multifamily real estate portfolio this year

Long-distance real estate investing and assessing a property market from afar

How to raise money from private investors and expanding your network

The hidden dangers behind investing in a small, tertiary 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

Paul Moore’s Article on Interest Rates and Cap Rates

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Raising Private Capital by Matt Faircloth

The Intention Journal by Brandon Turner

Connect with Philip & Daniel:

Philip's BiggerPockets Profile

Philip's Instagram

Philip's Website

Daniel's BiggerPockets Profile

Daniel's Twitter

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-711

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

710: How to TRIPLE Your Rental Property Income with Group Home Investing w/Antoinette Munroe Jan 05, 2023

Assisted living investments may be the most underrated, unknown, but ridiculously profitable real estate investment out there. For many investors, turning their single-family home into assisted or senior living seems like an impossible task. Don’t you need to have a medical background? Do you need a license? Can anyone do it? Instead of getting caught in analysis paralysis, Antoinette Munroe looked at the numbers, decided to take the jump, and hasn’t looked back. And after hearing her story, you might do the same!

Antoinette found financial freedom in just a few years with vacation rental investing. She used the game-changing strategy of house hacking combined with short-term rentals to profit over a thousand dollars a month, all while living in her own house. She slowly started building her empire, buying one property a year while working towards financial independence. She reached her ultimate goal, retiring early after only a few years of investing. Then, things started to change.

With new regulations rolling in, Antoinette had a large slice of her business about to be shut down or restricted at best. She needed to pivot to something that would make her the same money while still being passive enough to live the newly-retired lifestyle. When she heard about assisted living, she knew she had to run the numbers to see if the hype matched reality. The income was astonishing, and now she’s dedicated her time, money, and resources to building an assisted living empire that'll pay her much more than the vacation rentals before.

In This Episode We Cover:

The “game-changing” house hacking strategy that will help you reach financial freedom faster

Why you DON’T need to build a large real estate portfolio to retire early

Short-term rental regulations and how they’re delivering a blow to new investors

Pivoting your strategy to make even more money when everything is going wrong

Assisted living investing explained and how you can get in on the high-income action

The funding/financing mistake that Antoinette made and why you MUST avoid it

The bright side of short-term rental investors and improving your community while making passive income

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 BiggerPockets Profile

Hear Antoinette’s Story on the “BiggerPockets Money” Podcast

Here’s Why You Should Consider Investing in Senior Living

Do New Short-Term Rental Regulations Make Investing Risky?

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-710

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

709: Everything a New Investor Should Know BEFORE Closing on a Property w/Ashley Kehr Jan 03, 2023

Before buying a rental property, real estate investing can seem scary. Only experienced landlords know how to deal with closing delays, overbudget rehabs, and tenant issues. But that doesn’t mean you have to come in blind on your first real estate investment. If you have the proper knowledge, expectations, and systems set up, you can build a real estate portfolio faster than the rest, which is what Ashley Kehr, author of Real Estate Rookie: 90 Days To Your First Investment, did.

Ashley hosts the Real Estate Rookie Podcast, where she interviews new investors who have had one or a few successful deals. She’s seen what it takes for someone to go from bystander to investor and wants to make sure you can purchase your first investment property too. On today’s show, Ashley walks through her pre-closing checklist, where she details everything from due diligence to budgeting renovations and rehabs, how to negotiate with sellers, where to find insurance and more.

This is just a brief glimpse at everything you can find in Ashley’s new book, and combining these golden nuggets with what is shared in Real Estate Rookie will get you on a faster path to landlord life and passive income. So, if you’ve been waiting to invest or feeling like you don’t know what you don’t know, this may be the perfect episode to start. Tune in, grab the new book, and get ready to make some property purchases in 2023!

In This Episode We Cover:

The pre-closing checklist and everything a new investor should do before they come to closing

Due diligence and how to ensure title work, home insurance, and taxes are ready

Renovation and rehab budgeting and how to build a scope of work even when investing out of state

Negotiating with a seller on both on and off-market deals and the pros/cons of using an agent

How to smoothly communicate with a seller or agent so you can get a deal done quicker (and with less stress)

Landlord insurance and how to find a policy that works for you before you close

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

Books Mentioned in the Show

Long Distance Real Estate by David Greene

Real Estate Rookie by Ashley Kehr

You’re Not Listening by Kate Murphy

Hug Your Haters by Jay Baer

Connect with Ashley:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-709

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

708: Future Millionaires: The 90-Day Mentorship to Grow Your Real Estate Portfolio Jan 01, 2023

There’s a big difference between a real estate portfolio and having a few rental properties. Casual real estate investors can slowly start stacking one or two units a year and eventually end up with financial freedom, but often with stress and headaches that match their cash flow. Other investors, like David Greene and Rob Abasolo, take a more goal-oriented approach, building millions of dollars of wealth in under a decade with a portfolio that is self-sustaining, not self-defeating. Our goal here at BiggerPockets is to help YOU find financial freedom by following the same steps as investors like David and Rob.

In the same spirit, David and Rob have decided to sit down with three mentees and give them one-on-one coaching to get them to their ultimate goals. These mentees are all at different stages of their investing journey, focusing on different strategies with different properties. First, we talk to Philip, a school teacher who dreams of building out glampsites and campsites, all while developing cash-flowing retreat centers. Secondly, we talk to Wendy, an investor stuck in the “turnkey trap” who wants to escape her job and the low cash flow of “easy” investing. Lastly, we talk to Danny, a multifamily investor who wants to scale faster to regain his time.

All of these mentees have the same goal: financial freedom. If you’re trying to find your way out of the rat race and into the wealth-building realm of real estate, these are the episodes for you. We’ll continuously be checking in on our guests, giving them action items, and helping them work through any roadblocks that come their way. So stick around for the journey; you might hit financial freedom faster!

In This Episode We Cover:

Investing in glamping, camping, and retreat centers and why developing may be a costly move

How to find a real estate agent/broker who can source your PERFECT property (even if it’s VERY niche)

The “turnkey trap” and why easier investing often leads to lower returns

Why working in real estate as you build your portfolio is a cheat code for investors

House hacking, rental arbitrage, and creative ways to rent your properties for more

How to scale from small to large multifamily investing and how to find your own mentor

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 Our Interview with the Discount Lots Founders

How to Plan for (and CRUSH) Your 2023 Goals

Book Mentioned in the Show

Long Distance Real Estate by David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-708

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

707: 1031 Exchange Deep Dive: What to Know and Mistakes You MUST Avoid w/Expert Ryan Finch Dec 29, 2022

The 1031 exchange is a strategy that helps investors build more passive income, with fewer properties, all while avoiding the tax man. While many real estate investors know about this strategy, only a few of them know it well enough to pull it off. The rules are simple; sell a property, buy another property with the proceeds, and pay no capital gains tax. But, this is far easier said than done, and it’s much easier to make mistakes than most people think. Even our real estate hero, David Greene, had a 1031 exchange go awry.

To clear up the misconceptions, highlight the common mistakes, and guide us to tax-advantaged freedom, we’ve brought on 1031 exchange expert, Ryan Finch, to the show to share everything he knows about this misunderstood, often misused strategy. Ryan is a real estate investor at heart, house hacking as a sophomore in college to live for free. After working at multiple commercial real estate and development companies, he got the itch to start investing heavier himself and help others propel their wealth.

Now, Ryan works to help real estate investors and everyday homeowners make the most out of their equity. Ryan has unlocked the tools that have allowed those with home equity to build passive income streams, buy bigger, better properties, and reduce much of their landlord burden, all in a single transaction. If you’ve been sitting on some post-2020 equity, this episode will teach you how to use it as fuel for your financial freedom fire, all while ditching the tax bill that comes with selling!

In This Episode We Cover:

The 1031 exchange explained and using it to avoid taxes (legally)

Converting home equity into cash flow and when selling makes more sense than refinancing

How both the government and real estate investors benefit from the 1031 exchange

What to know before you use a 1031 exchange and the three rules you MUST pay attention to

1031 tax benefits, depreciation, and cost segregation to massively lower your tax bill

The most common mistakes investors make when doing their first 1031 exchange

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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!

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

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

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!

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

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

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

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

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

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!

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

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

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

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

Divorced and $250K in Debt to Financially Free in 10 Years

Books Mentioned in the Show

Set for Life by Scott Trench

30-Day Stay by Sarah Weaver & Zeona McIntyre

Raising Private Capital by Matt Faircloth

Simple Path to Wealth by JL Collins

Rich Dad Poor Dad by Robert Kiyosaki

Connect with Sarah:

Sarah's Instagram

Sarah's Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-698

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

697: BiggerNews December: 3 Coast-to-Coast Markets We’d Invest in Next Year Dec 06, 2022

Each real estate market has its own type of flavor. Some are short-term rental markets, others are affordable cash-flowing long-term rental markets, and many are in between, capitalizing on strong appreciation with enough monthly profit to keep investors going. The great thing about investing in the US is that we have fifty states' worth of land to buy, improve, and rent out. And today, we’ll be looking at three specific markets, all with wildly different price ranges and profit potential for 2023.

Welcome back to this month’s BiggerNews, where your host Dave Meyer (not David Greene *gasp*) will be interviewing three of the most elite agents across the United States. We’ll talk to Rob Chevez, the investor and experienced agent operating in our nation’s capital, Washington, DC. You’ll also hear from Dahlia Khalaf, managing broker of ASN Realty Group in affordable Oklahoma. And, of course, we’ve got David Greene, California’s favorite realtor, here to talk about why sunny San Diego deserves an investment from you.

With mid-priced markets like DC, affordable real estate in Oklahoma, and massively-appreciating west-coast properties to build your wealth, this episode of BiggerNews shows you how you can invest in ANY of these markets and build wealth in 2023. The agents also talk about the strategies that are working in each market and some of the major pitfalls you could stumble upon if you aren’t a local expert.

Need to find an agent in your neck of the woods? Use the BiggerPockets Agent Finder to connect with a local expert in your area!

In This Episode We Cover:

How markets like Washington, DC, Tulsa, and San Diego are faring in 2023

The oversaturation of short-term rentals and which investors should avoid buying them

The real estate “Bermuda triangle” and why every investor should buy at least one property there

House hacking for cash flow and turning your primary residence into a paid-for mortgage

Subject to deals and other creative financing strategies that work as the buyer’s market takes shape

Advice from expert agents around the country for investors 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

"On the Market" YouTube Channel

"On the Market" Podcast

Connect with Dahlia & Rob:

ASN

Dahlia's BiggerPockets Profile

Dahlia's Facebook

GRID

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-697

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

696: How to Plan for (and CRUSH) Your 2023 Goals Dec 04, 2022

It’s 2023 goal-setting time! For some investors, setting goals is a coveted experience where they get to center themselves and plan for the coming year. For others, setting goals can seem stressful as there are too many shiny objects always around to chase. This type of dichotomy exists even among the most experienced investors, as you’ll see in this episode. David Greene, everyone’s favorite investor, agent, broker, and mentor, systematically sets his goals, while Rob “Robuilt” Abasolo, the internet’s short-term rental oracle, does things a bit differently.

In this episode, you’ll get a peek behind the scenes at how two very successful investors set goals in two very different ways. But this isn’t just about real estate investing and building wealth. David and Rob both touch on the personal goals they’ve set out for themselves and how they organically intertwine with the lofty investing goals they’ve set for 2023.

David and Rob both want to grow their wealth substantially in 2023. But this doesn’t mean that they’re just hungry for doors. You’ll hear a crucial tip on how top real estate investors focus more on revenue than on unit count and how mistakenly chasing more properties could put you in a stressed-out situation without much to show for it! If you’re ready to tackle some of your biggest goals yet, tune in to this episode, and bring a planner while you’re at it!

In This Episode We Cover:

How to crush your 2023 goals by revamping and reviewing your 2022 plans

Constantly updating your MINS (most important next steps) to hit goals even faster

The struggles of outsourcing and hiring and why you MUST do it to grow

The “more doors” trap that investors often find themselves falling into

Building your vision for the next year and basing your goals on an end-result

Content creation, building your brand, and becoming a bigger figure in the real estate space

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 Our 2022 Goal Setting Episode

Landlord Tax Loopholes That’ll Help You Pay ZERO Taxes in 2022

3 Simple Steps to Set Achievable (Yet Ambitious!) Real Estate Goals

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-696

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

695: Billionaire Advice that Made a Farm Boy a Fortune in Self-Storage w/Andrew J. Abernathey Dec 01, 2022

How much billionaire advice have you gotten? Ever decided to look up the wealthiest people in your area and give them a call? What type of tips could they give you for success? What business ideas would they push you to try? And how would your life change? Instead of speculating, at a young age, Andrew J. Abernathey tried out this strategy, and much to his surprise, he got the billionaire mentor he always dreamed of.

Before that, Andrew was just a simple farm boy. You know how it goes: tending to the field, ordering supplies, and trading futures at ten years old. Yep, you read that right. Andrew was making trading calls on grain prices at only ten years old, a skill that his father helped teach him. At fourteen, Andrew decided to put some money in the stock market, and a year later, walked away with an $80,000 profit. And like all young boys, he knew exactly what he wanted to spend his money on—a million-dollar apartment complex!

Picking up on a pattern? Andrew has been making incredible moves at almost unbelievably young ages. But we haven’t even touched on the most incredible part of his journey yet. In this episode, you’ll hear how Andrew made wild real estate profits at sixteen, met his billionaire mentor by offering him some pie, and went on to build hundreds of millions in self-storage. It’s all true, and it’s all coming up in this episode!

In This Episode We Cover:

The importance of early financial education and investing at a young age

How parents can cultivate the passions their kids possess

Puts and calls, stock trading, and how to invest like Warren Buffett

Apartment investing and how knowing your market can make you millions

How to find a mentor (even if you’re looking for a billionaire!)

Analysis paralysis, shiny object syndrome, and sticking to one strategy

Self-storage development and the details behind the deal

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

Here’s What 10 Billionaires Say You Should Do Every Day

Should You Start Investing in Real Estate When You're Young?

How I Hired Warren Buffett as My Real Estate Mentor

Book Mentioned in the Show

Open Secrets of Success: The Gary Tharaldson Story by Patrick McCloskey

Connect with Andrew:

Andrew's Personal Website

Abernathey Holdings

Andrew's Facebook

Andrew's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-695

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

694: How to Reach Financial Freedom in 2023 with Small Multifamily Properties Nov 29, 2022

Small multifamily investing is one of the easiest, fastest ways to find financial freedom. We’re not talking about any “get rich quick” promises or risky businesses—thousands of real estate investors have used small multifamily rental properties to live the life of their dreams. And today, we want to help you do the same. We’ve got our multifamily millionaire, Dave Meyer, here to share the tools of the trade! Dave was able to reach financial independence in only a few years, thanks to a small portfolio of multifamily rental properties!

Even if you’re an absolute beginner in real estate, without any properties or experience, small multifamily can be one of the easiest ways to start investing. With low money down options, the ability to house hack, and big cash flow opportunities, any investor can start, or scale, a real estate portfolio with a duplex, triplex, or quadplex. And Dave will walk you through every step of the journey. From finding deals to analyzing them, financing them, and doing it again, this step-by-step process is simple to follow, and can be done in a matter of weeks or months!

So, if you’re ready to build a life you love, have the financial autonomy you’ve always dreamed of, and start investing today, hit play on this episode! And, if you’re interested in using the top-tier tools Dave shows in this video, sign up for BiggerPockets Pro today! Make sure you stick around until the end of this episode—Dave will be giving away a BIG discount with a bundle of bonuses!

In This Episode We Cover:

How to achieve financial freedom through small multifamily investing

Why invest in multifamily rentals and not single-family homes for your first real estate deal

Where to find small multifamily properties (and how to get them at a discount!)

Rental property financing and the different loans to use when closing on your first property

How to analyze a real estate deal in just minutes (no experience needed!)

The dangers of investing in small multifamily properties and what to watch out for

How to get a discount on some of the most-used BiggerPockets tools!

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

Grab the Multifamily Worksheet

Find a Lender for Your Next Real Estate Deal

Already a BiggerPockets Pro Member? Get Access to Pro-Exclusive Videos

Book Mentioned in the Show

Real Estate By Numbersby Dave Meyer & J Scott

Connect with Dave:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-694

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

693: Seeing Greene: How to Turn Equity into Cash Flow and Getting Around 20% Down Nov 27, 2022

You’ve got home equity, but maybe not cash flow. If you want to realize financial freedom, you’ll need consistent, passive monthly income. But with cash flow harder to find than ever before, how can you get it when real estate prices and interest rates remain high? Should you give up on cash flow entirely and only bank on appreciation? Maybe not. Using the strategy David outlines today, you can convert your equity into cash flow, but you’ll need to follow the right steps.

Welcome back to another Seeing Greene episode, where David, and some expert guests, answer your questions surrounding anything and everything related to real estate investing. Joining us on today’s show are Dave Meyer, J Scott, and Pat Hiban, all BiggerPockets authors and real estate masters in their own rights. They tag-team questions ranging from how to get around the twenty percent down payment requirement, how to calculate the time value of money on an investment, how HELOCs (home equity lines of credit) work, whether investing in hurricane-heavy Florida makes sense, and more!

Don’t forget to head over to the BiggerPockets Bookstore to get massive discounts on some of the best real estate investing books in the world! Still itching to ask David a question? 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:

How to get around the twenty percent down payment requirement even as a foreign investor

Cash-out refinances vs. HELOCs and which make more sense for the casual investor

Converting equity into cash flow and how to know when you should sell an investment property

Hurricanes, high insurance rates, and other hurdles that come when investing in Florida

Calculating the time value of money and when an investment is worth buying

House hacking and using your primary residence as an income-generating asset

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

BiggerPockets Bookstore Cyber Monday Sale

Stay Up-to-Date on All the New BiggerPockets Books Coming Soon

Should You Invest for Equity or Cash Flow?

Books Mentioned in the Show

Real Estate By Numbersby Dave Meyer & J Scott

Connect with David, Dave, J, & Pat:

Pat's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-693

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

692: Fighting Cancer, Financial Freedom, and 20 Units in 2 Years/Josh Goldstein Nov 24, 2022

Financial freedom isn’t something that most Americans strive towards. For the most part, working at a job, getting a steady paycheck, and bringing home the bacon is enough. That is until something forcibly stops you from working. It could be a workplace injury, a family emergency, or even a cancer diagnosis. What do you do when you can’t work or provide for your family, all while fighting a life-threatening disease?

Josh Goldstein was in this exact situation in 2015 when doctors gave him a rough diagnosis—pancreatic cancer. Josh and his wife knew that he could make it through the treatments, but the financial problem still loomed largely. How would they be able to pay the bills, take care of their kids, or continue living the life they loved without any money coming in from Josh’s work? The answer—real estate investing.

After years of analysis paralysis and a deep obsession with BiggerPockets content (woohoo!), Josh bought his first property as the world was starting to shut down. But he didn’t let the lockdowns stop his plan to hit financial freedom fast. Over the past two years, Josh has gone from zero to twenty units, some of which he’s never laid eyes on before. This portfolio, which was built out of a life-threatening situation, is now bringing in hundreds of thousands a year for Josh’s family, providing them well-earned financial independence.

In This Episode We Cover:

Solving life’s hardest problems (even when they threaten to kill you!)

Building your foundation for financial freedom today so you’ll never be out of options

Kicking analysis paralysis to the curb and the simple way to start investing in real estate

Long-distance real estate investing and why it isn’t as scary as you may think

Short-term rental saturation and what will happen as hosts buy more and more homes

Why you always want to double-check the battery life on your home’s smart locks

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

BiggerPockets Podcast 340 with Whitney Hutten

BiggerPockets Podcast 364 with Avery Carl

Books Mentioned in the Show

Rich Dad Poor Dad by Robert Kiyosaki

Long-Distance Real Estate Investing by David Greene

Connect with Josh:

Josh's BiggerPockets Profile

Josh's Instagram

Josh's Email

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-692

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

691: Painless Property Management 101 w/Ryan Barone from RentRedi Nov 22, 2022

Property management has always been a sensitive subject for landlords. Most real estate investors either want to be completely hands-off, letting a property manager handle the entirety of their leasing and management, OR be hands-on, constantly dealing with tenant issues themselves. And for a long time, there wasn’t a great way to self-manage. You either ran your business off scraps of paper or insufficient spreadsheets. But it’s 2022, and this has completely changed.

When Ryan Barone was applying for his first apartment, he was blown away by how complicated the tenant application process was. So, he built an app that made it easier for tenants to upload all their documents to landlords. Then, the landlords started reaching out to Ryan asking for a tenant management version of the software. As a result, RentRedi was born, and has slowly grown to become one of the most popular property management tools around!

Ryan credits much of his success to early BiggerPockets users, who constantly tested and tried RentRedi when it was in early development. Now, the software is fully formed—used by tens of thousands of investors across the country. And it comes standard with a BiggerPockets Pro Membership! If you want to know how to manage your properties without the headaches (or high costs) of regular property management, stick around. Ryan gives a full demo on how you can start using RentRedi today!

In This Episode We Cover:

Common landlord and tenant headaches and how RentRedi instantly solves them

Reporting, rent collection, bookkeeping, and more features you can get with RentRedi

How to start self-managing as a new landlord even if you have no experience

How RentRedi used BiggerPockets users as beta testers to build the best property management software around

Outsourcing and delegating tasks so you can build your business faster than ever before

Turning tenant problems into profits and managing your rentals without breaking the bank

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 RentRedi Today!

Angel.co

Ryan's BiggerPockets Profile

Connect with Ryan:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-691

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

690: Seeing Greene: Why Are My Rental Property Returns Looking So Bleak? Nov 20, 2022

Most investors buy rental property for cash flow, and much to their surprise, no cash flow is to be found once the deal is done. Maybe they’ll get some limited returns in their first year of landlording, but with cash flow-induced frustration, they decide to try another strategy. This happens again and again as real estate investors struggle to realize anything other than a meager return on what was supposed to be a financially-freeing investment. But worry not—this is all part of the plan.

David is back on another episode of Seeing Greene, where he answers the most-pressing real estate questions from across the web. But David isn’t alone in the episode! He brings along real estate investing experts Brandon Turner, Pat Hiban, and Zeona McIntyre to help answer hard-hitting questions surrounding anything and everything related to real estate. This week’s topics touch on shiny object syndrome, when to pay for real estate leads, assisted living investing, 1031 exchanges, short-term rentals vs multifamily investing, and how to find the right mentor.

If you’ve been looking to up your real estate game, head over to the BiggerPockets Bookstore and take advantage of MASSIVE discounts on some of the best real estate books around! And remember to use ANY of today’s hosts’ names as a discount code to get even more off when buying any BiggerPockets books!

In This Episode We Cover:

How to avoid shiny object syndrome when no real estate strategy seems to work

Why most new investors have the wrong idea about cash flow and rental properties

Assisted living investing and who should make the jump into this high-cash flow asset class

1031 exchanges explained and using them to become a passive real estate investor

Short-term rentals vs. multifamily investing and which is the better bet in 2023

How to find a mentor when you’re just starting in your real estate investing journey

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 Our Interview with Assisted Living Investing Expert, Isabelle Guarino-Smith

Stay Up-to-Date on All the New BiggerPockets Books Coming Soon

Shop the BiggerPockets Bookstore and Use Codes BRANDON, DAVID, PAT, or ZEONA for a Special Discount

Books Mentioned in the Show

Tax Strategies by Amanda Han & Matt MacFarland

Advanced Tax Strategies by Amanda Han & Matt MacFarland

30-Day Stay by Zeona McIntyre & Sarah Weaver

Real Estate by Numbers by J Scot & Dave Meyer

6 Steps to 7 Figures by Pat Hiban

SKILL by David Greene

BRRRR by David Greene

Long Distance Real Estate Investingby David Greene

Connect with Brandon, Pat, & Zeona:

Pat's BiggerPockets Profile

Zeona's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-690

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

689: Landlord Tax Loopholes That’ll Help You Pay ZERO Taxes in 2022 w/Matt Bontrager Nov 17, 2022

Non-investors hate real estate tax loopholes. It always seems like the wealthiest landlords, apartment owners, or short-term rental hosts walk away with not only massive income but little-to-no tax bills at the end of the year. Are investors unethically avoiding taxes OR are they carefully, quietly using the tax code to build wealth and bring their tax burden down to zero? And if the big investors can do it, can average investors use the same strategies?

Whether you own one, ten, or a thousand rental units, Matt Bontrager, CPA at TrueBooks, has a solution for you. He’s been working with real estate investors for years to help them minimize their tax burdens and maximize their portfolio values. And unlike most CPAs, Matt can explain these strategies in a way that excites you, instead of slowly lulling you into a depreciation-induced dream.

Matt touches on the most powerful ways to eliminate your taxes in 2022. These tax strategies work for almost every type of investor, whether you’ve got a full-blown business or just a short-term rental side hustle. These tax tactics, when used correctly, can allow you to walk away from 2022 with a bigger refund, no tax bill, or years’ worth of losses to roll over so you walk into 2023 in a better reposition than ever before.

In This Episode We Cover:

The massive short-term rental tax “loophole” most investors are unaware of

Tax preparers vs. advisors and when you should start hiring these team members

Cost segregation studies and using them to eliminate years’ worth of tax bills

Bonus depreciation write-offs and why every investor MUST take advantage of this before the end of the year

Real estate professional status, its benefits, and what you need to do to obtain it

Tax avoidance strategies the wealthy use that almost any investor can mimic

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

4 Real Estate Tax Strategies That Can Protect You From Inflation

Books Mentioned in the Show

Tax Strategies by Amanda Han & Matt MacFarland

Advanced Tax Strategies by Amanda Han & Matt MacFarland

Connect with Matt:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-689

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

688: Scott Galloway (Prof G) on Why Smart Investors Stay Away from “Sexy” Nov 15, 2022

Scott Galloway, NYU professor commonly known as “Prof G,” thinks that America is adrift. Communities are dying, young people are feeling helpless, and wealth is slowly being sucked out of the system to give the ultra-rich even more comforts than before. The average American merely wants to make it—having a house, a family, and maybe an ounce of peace. But with mainstream media violently pointing fingers at one another and the modern worker feeling desolate in the daily grind, what can we do to put this country on the correct course?

Scott knows that the game is rigged. He has strong feelings that real estate investors, like many of us, are playing with “cheat codes.” But, that doesn’t mean we’re doing anything wrong. Scott dives into his personal philosophy on who has taken advantage of this country, who needs the most help, and how a young, aspiring entrepreneur or investor can build wealth, without blindly buying into “sexy” assets.

Although Scott likes real estate (and wishes he bought more of it), he cautions young investors to take a step back and be intelligent with their investments. A few right moves when Scott was young allowed him to live the life he has today—but this was through hard work and taking the right action, not waiting for someone else to save him. No matter what age you are, what side of the political spectrum you fall on, or your feelings toward real estate—Scott has words you’ll want to hear.

In This Episode We Cover:

Scott’s new book Adrift and why he thinks America’s course needs to be corrected

The biggest problems America is facing today and how a specific demographic is rigging the system

The bias against boys and how young men are left behind

How young people can get ahead and why they should steer clear of “sexy” investments

Fiat money, cryptocurrency, and how the American dollar is quickly losing its value

The real estate “cheat codes” that any investor can take advantage of

How YOU can create change in the world that will lead to more equality, friendship, and connectivity

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

Book Mentioned in the Show

Adrift by Scott Galloway

Connect with Scott:

Scott's Twitter

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-688

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

687: Seeing Greene: Using the “Capital Carrot” to Find Money for Your Next Deal Nov 13, 2022

Knowing how to buy a rental property is one thing, but coming up with the money is another. This is the constant struggle real estate investors find themselves in. When they have cash, there aren’t enough deals. When they have deals, there isn’t enough cash. This catch-22 usually puts investors in a spin cycle, never pulling the trigger on their first or next deal. But, it doesn’t have to be this way. With the right mindset, you can find the money to purchase more rental property, even if you’ve run out of options.

This is what expert investor, David Greene, refers to as his capital “carrot,” or the thing that allows him to find (and make) more money to buy even more real estate. And it’s just one of the topics in today’s Seeing Greene show. In this episode, David takes a live call from Garrett, who’s struggling with whether or not to sell or keep his first deal. We also get questions about BRRRRing with high interest rates, where to find medium-term rental tenants, and how to find a realtor in a brand-new market.

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:

The house hack “savings” that turn a dud into a screaming real estate deal

Whether or not keep or sell a rental even if you’re not making much from it

How to buy BRRRRs in today’s high-interest rate environment

Dominating a market as a brand new real estate agent or realtor

Where to find medium-term rental tenants and common short-term rental regulations

How to find a rockstar real estate agent when investing out of state

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

Get Real Estate Investing Data, Guides, and Resources

Use the BiggerPockets Rental Property Calculator on Your Next Deal

BiggerPockets Podcast 679 with Zeona and Sarah (Medium-Term Rentals)

BiggerPockets Podcast 680 with Mark Simpson (Short-Term Rentals)

Books Mentioned in the Show

SOLD by David Greene

SKILL by David Greene

Multifamily Millionaire Volume 1 by Brandon Turner & Brian Murray

Multifamily Millionaire Volume 2 by Brandon Turner & Brian Murray

Long-Distance Real Estate Investing by David Greene

30-Day Stay by Zeona McIntyre & Sarah Weaver

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-687

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

686: Seven-Figure Flips and Opportunity Zone Investing w/Former NBA Player Evan Turner Nov 10, 2022

House flips, opportunity zone investing, student housing—name a real estate strategy, Evan Turner, former NBA player, has probably done it. Unlike most professional athletes, Evan left the league with more assets than at the peak of his career. He was buying real estate, building homes, and making moves while working a grueling six days a week schedule, knowing that he had to use this opportunity to build something that went far beyond basketball.

Evan grew up in the inner city with a single parent. The realities of struggling for money were all too real for him when he got hit with millions of dollars in his early 20s. He struggled to spend any money for the first few years of his NBA career, which led him to have a surplus that he used in all the right ways. Relying on NBA veterans around him, Evan knew that to build wealth, he needed to up his assets. The most tangible thing he could think of investing in? Real estate.

Now, with many deals under his belt, Evan has become proficient in almost every aspect of buying, funding, and profiting on a real estate deal. He, like many other investors, is seen as lucky for buying consistently throughout the past decade. But Evan knows that the rewards he reaps today came from smart decisions he made years ago. Now, even after he’s out of the game, Evan is still able to bring in seven-figure paychecks. But this time, thanks to smart strategizing, he’ll get to keep most of it.

In This Episode We Cover:

Making the money mindset shift that allows you to build wealth while others waste their resources

Opportunity zone investing and using real estate to revitalize urban communities

Evan’s unbelievable seven-figure fix and flip vacation home deal

Why the first investment property matters most and how to ensure you turn a profit with no experience

Building your real estate team and why everyone needs to network

Taking the “luck” out of investing and why consistency beats timing every 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

The Investing “Cheat Code” of Opportunity Zone Rentals

The 20 Best Performing Opportunity Zones for Real Estate Investors

Tune Into the “Point Forward” Podcast

Connect with Evan:

Evan's Instagram

Evan's Twitter

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-686

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

685: How to Easily Find Off-Market Properties (No Experience Required!) w/Justin Silverio Nov 08, 2022

Finding off-market properties was much harder a few years ago than it is today. Before you’d have to drive for dollars, mark down addresses, build a spreadsheet, constantly update it, and maybe, just maybe, you’d get a motivated seller willing to do a deal with you. This process was overly complicated, expensive, and took too much time. Because it was so challenging, many new real estate investors would forego looking for off-market deals entirely and only stick with on-market MLS listings. But things have changed.

We’ve brought back four-time guest, Justin Silverio, onto the podcast to talk about his new tool, Invelo. Invelo puts all your lists, leads, and tasks into one place, so you’re not scatterbrained when building an off-market lead flow. This app allows anyone, no matter their experience level, to find owners, phone numbers, and addresses while tracking your touch points in a systematized, automated way, so you always have new leads coming in.

This software is a game changer for flippers, wholesalers, and any investor trying to dodge the high prices and agent commissions of buying on-market. And Justin assures us, even if you’ve never done an off-market deal, Invelo will give you everything you need to successfully get the first one in the bag. Stick around ‘til the end of the episode, where we share a special way to start marketing for free with this game-changing tool!

In This Episode We Cover:

How Justin started flipping houses and finding off-market deals with no experience

The right way to do direct mail and why so many investor letters get thrown in the trash

Using Invelo to build lists, reach sellers, and get educated on how to find deals faster

How to optimize your marketing budget by only marketing to leads who could turn into deals

Invelo’s automation that scrubs your list for you so you only keep the best leads

A special discount for BiggerPockets Pro and how you can get a free marketing credit with Invelo

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

BiggerPockets Podcast 194

BiggerPockets Podcast 58

BiggerPockets Podcast 82

Use the BiggerPockets Rehab Estimator on Your Next Flip or BRRRR

Invelo

Open Letter Marketing

Books Mentioned in the Show

Finding and Funding Great Deals by Anson Young

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

Connect with Justin & Anson:

Anson's BiggerPockets Profile

Justin's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-685

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

684: Seeing Greene: The “Energy of Money” and Why You’re Looking at Debt All Wrong Nov 06, 2022

Interest rates have become a hot topic over the past six months. Back in 2020 and 2021, homeowners were bragging to their friends about their rock-bottom mortgage rates and how they secured financing at three percent or less! But times have changed, and seven percent interest rates are becoming the norm. Now, nobody is bragging—in fact, many investors are too scared to buy, thinking that today’s interest rates are far too high to buy homes with. If you’re following this thought process, you could be making a BIG mistake.

Welcome back with another Seeing Greene episode, where our “high rates, who cares?” host, David Greene, answers questions directly from investors just like you. In today’s show, David coaches a young investor on building his side business, why quitting your job could be a mistake, and how to learn from past deals to build wealth far faster. Then, David pivots into answering questions from investors on how to get over your fear of taking on good debt, how much to have in safety reservesfor your property, and why being scared of high interest rates could hurt you in the long run.

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 quitting your job as a real estate investor could be a BIG mistake

The right way to house hack and how to maximize every piece of property you buy

Good debt vs. bad debt and why most people view mortgages the wrong way

Capital expenditure funds and how much to keep in cash reserves

High interest rates and when refinancing at a worse rate make sense

Seeing money as “energy” and using it to build wealth while others are scared to act

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 Fed’s Plan for Future Interest Rates

Debt Is Good When It Comes to Real Estate

Join David’s “Behind the Shine” Newsletter

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-684

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

683: Why Expert Negotiators Love to Hear “No” w/Never Split the Difference’s Chris Voss Nov 03, 2022

Chris Voss is an expert negotiator. After going from a street cop to the FBI and later thriving as a hostage negotiator, he wrote the world-famous book, Never Split the Difference. This book has served as a masterclass in negotiation for almost every field of work, including real estate investing. Although many of Chris’s examples come from life-or-death situations, the same rules and tactics can be applied to real estate investing. That is exactly why Chris pivoted and started coaching real estate agents to become better negotiators.

But maybe you’re not an agent. Maybe you’re just trying to get your first or next deal done, working with a tough buyer/seller, and feeling like you’re making no headway. Chris has seen this time and time again. An overly aggressive buyer comes in, lowballs a seller, the seller then paints the buyer as the enemy, and the duo does a dance to the death ending in no deal done and frustrations at all-time highs. This is NOT the way to do real estate deals, and Chris has some advice that’ll help you change the way you (and your agent) get things done.

Chris goes in-depth on a few concepts, such as why “no” is actually what you want to hear, how to form “calibrated questions” that get you what you want, and why you’ll need to start using “tactical empathy” if you want to close deals faster. These are some of the same tactics that co-host Rob recently used to get a multimillion-dollar property, without much money out of pocket. No matter your skill level, number of deals done, or years of experience, this advice from Chris could catapult your investing to the next level.

In This Episode We Cover:

Reviewing key lessons taught in Chris’s classic, Never Split the Difference

Why most real estate agents will work against their clients, instead of with them

Using overcommunication to develop instant rapport with a buyer, seller, or client

“Tactical empathy” and why it’s a brilliant way to keep your opponent open to offers

Asking “calibrated questions” that make sellers feel safe when working with you

Building a negotiation scarecrow and making someone else (not you) the instant, uniting enemy

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

BiggerPockets Podcast 260 with Chris

The Happiness Advantage TED Talk

Books Mentioned in the Show:

The Full-Fee Agent by Chris Voss

Never Split the Difference by Chris Voss

SKILL by David Greene

Connect with Chris:

Chris' Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-683

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

BiggerPockets Bonus: Q&As, Deal Reviews, and Cameos from Your Favorite Hosts Nov 03, 2022

Real estate investing wouldn’t be the same without BiggerPockets. If you were lucky enough to attend BPCon 2022 in sunny San Diego, you’ll know what we mean. With a sea of investors ready to network, advise, and invest with one another, this event shows how powerful the community of real estate investors is. But even if you weren’t able to make it this year, you can still get a sneak peek at what a BPCon panel looks like!

On this bonus episode, sponsored by Rent to Retirement, we take hosts from all our different podcasts to give their advice, expertise, and tips to new and aspiring real estate investors. You’ll hear Ashley Kehr and Tony Robinson from the Real Estate Rookie Podcast answer tactical questions on partnerships, LLCs, and refinancing. Then, BiggerPockets Money Podcast host Mindy Jensen joins The Real Estate InvestHer Show duo, Liz Faircloth and Andresa Guidelli, to play the “spend or save” game.

We also bring on the whole cast of our newest show, On the Market, to analyze two deals live in front of the entire audience to see whether or not two flips are flops. Finally, for all you original BiggerPockets Real Estate Podcast listeners, we have David Greene and Rob Abasolo welcoming a special guest back to the show—one that many of you surely missed.

In This Episode We Cover:

How to apply for a mentorship with hosts from your favorite BiggerPockets Podcast

When to keep properties in your personal name vs. in an LLC

Spending vs. saving, and when to pay top price for contractors, cars, self-care, and more!

Live deal reviews of two “profitable” flips in a hot market and why you can’t always trust the numbers

A special cameo from a long-time friend of the show

David’s secret jiu-jitsu move to instantly de-escalate an attack from Rob Abasolo

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 Last Year’s Live Panel from BPCon 2021

Rookie Podcast 106: Asset Protection on Rookie

Mentorships on InvestHer

BiggerPockets Podcast 443 with Jim Kwik

Andresa's BiggerPockets Profile

Liz' BiggerPockets Profile

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

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

682: BiggerNews November: Was The “Office Apocalypse” All Hype? w/Kevin Fagan Nov 01, 2022

Office investments were supposed to be dead by now. 2020 was supposedly the great exodus, where on-site workers were freed of their commutes, small talk, and trips to the water cooler. We were sold a future where remote work was the only option, where everyone had an at-home standing desk, and nobody needed to wear pants. But, this didn't last long, as companies slowly started taking steps to get workers back into the office, making owners of the offices wealthy once again.

But, with so many companies trying flexible schedules, prioritizing work from home, and renewing their video conferencing subscriptions, will office space still be the same as it was just a few years ago? On this month’s BiggerNews, we brought on Kevin Fagan, Senior Director and Head of CRE Economic Analysis at Moody’s Analytics, to give us the scoop on office investing and commercial real estate in 2022.

Kevin’s team works diligently going through the data behind office investments, highlighting whether or not leases are renewed, how rents are being affected, and if office buildings are truly being abandoned. He brings some good news not only for office space investors, but for real estate investors as a whole, showing that this niche won’t be going away anytime soon. With coworking and residential conversions on the rise, office building investments could be a far smarter move than most investors would assume.

In This Episode We Cover:

How office space investing fared through the pandemic and how far occupancy rates fell

Comparing today’s office investing environment to 2008’s and the stark differences between the two

Office occupancy forecasting and when the data predicts a full recovery

How unemployment rates will affect office investors and whether or not employers will force workers back into the office

The best real estate markets to invest in office space and which big metros to definitely avoid

The benefits of office investing compared to residential real estate and why this low-turnover niche is worth it

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

Investing in Office Buildings—A Beginner’s Guide

The Coming Collapse of Downtown Office Real Estate

Connect with Kevin:

Kevin's LinkedIn

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-682

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

681: Real Estate Horror Stories: Navigating Six-Figure Losses, Stabbings, and Sewer Problems Oct 30, 2022

There’s a dark side of real estate no one talks about. Crime, destruction, theft, violence—you name it, we’ve dealt with it. With the spookiest day of the year coming close, we’re going to tell you all our terrible real estate tales. Everyone on podcasts and YouTube wants to show you how easy it is to invest, how it’s an assured path to wealth, and rarely what type of mistakes you can make. But we’re flipping the script, bringing in some of the best and brightest in real estate to show that the grass is usually greener where the septic tank is.

Today’s guests, who have all collectively succeeded at failing, are Andrew Cushman, Jamil Damji, and Matt Faircloth. If you’ve been a BiggerPockets listener, these names may sound familiar to you, but if you’re brand new, let us introduce you to these industry giants. Andrew is a multifamily expert and one of the smartest names in the game on screening and underwriting (analyzing) properties. Jamil built the nation’s largest wholesaling operation and is an expert guest on On the Market. And Matt, CEO of the DeRosa Group, literally wrote the book on Raising Private Capital.

But these titans of industry only made mistakes at the beginning of their careers, right? Not quite. They share today a selection of stories that will make you realize that the only successful investors are the ones who can both literally and figuratively weather a strong storm. And if you think it’s all cash flow and cruises for these investors, you couldn’t be more wrong.

In This Episode We Cover:

Why you should ALWAYS check out a property before you buy (and what happens if you don’t)

Becoming the "Sheriff" of your investment and how contractors can easily take you for a ride

1031 exchange mistakes and how to negotiate with a seller even when you’re on a time crunch

Always staying in your lane and trusting your gut when a deal doesn’t feel right

Paying more for insurance and how to financially prepare for a natural disaster

Why even with all the pain, real estate investing is the best wealth vehicle in the game!

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

BiggerPockets Podcast 661

The DeRosa Group

Jamil’s YouTube

Book Mentioned in the Show:

Raising Private Capitalby Matt Faircloth

Connect with Matt, Andrew, & Jamil:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-681

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

680: Why Hosts Are Backing Away from Travel Sites and Building Direct Bookings w/Mark Simpson Oct 27, 2022

Most people stumble into short-term rental investing. At some point, they realize a long-term rental, mother-in-law suite, or family cabin could become a revenue-generating, passive income machine. So what do they do? They go online to all the big travel sites, upload their listing, and start hosting. After a few months or years, they buy another short-term rental, and now, they’ve got multiple properties across a few different sites. The reviews are flowing, and the revenue with it. But one day, it stops.

This happened to Rob when his listing got locked—halting his revenue. Without much of a way to repair this, Rob started thinking of how he could host with autonomy and reduce the risk as his portfolio grew. Sooner or later, Rob and today’s guest, Mark Simpson, started talking. Mark, an expert in hospitality, knew that something like this would happen. It’s why Mark has been helping hosts build their own booking sites over at Boostly.

As a short-term rental expert, Mark helps hosts build an income stream that can’t be paused, limited, or removed. Instead, he and his team give hosts everything they need to get more bookings, pay fewer fees, and keep guests coming back for more. And, as the short-term rental space grows at lightspeed, Mark argues that hosts should start building out these direct booking sites now before it’s too late.

In This Episode We Cover:

The danger of solely hosting your short-term rentals on online travel agencies

How so many hosts find themselves “held hostage” by guests and travel sites

Building your “guest avatar” and modifying your vacation rental to fit your ideal guest

Guest screening tips and how to safely rent your property on your own website

Underrated upgrades to make to your short-term rental that massively boost bookings

Effortlessly converting guests online travel stays and into direct bookings

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

Stop Relying On Airbnb and VRBO and Build A Business You Control

4 Things You Need to Know Before Buying A Short-Term Rental

Boostly’s Property Management Software List

Books Mentioned in the Show:

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

The Book Direct Playbook by Mark Simpson

Connect with Mark:

Mark's Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-680

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

679: Medium-Term Rentals: How to Get BIG Cash Flow Out of Small Properties w/Sarah Weaver and Zeona McIntyre Oct 25, 2022

Medium-term rentals have seen growth like almost no other type of real estate. In the past, if you wanted high cash flow, you’d be hit with the headache of running a short-term or vacation rental. So, most investors who wanted to take the passive investing route stuck to regular, long-term rental properties. But, with interest rates higher than many of us have ever seen, most regular rental properties simply won’t cut it. Thankfully, there's a strategy that merges short and long-term rentals, with many of the combined benefits but few drawbacks.

The strategy is simple: buy a house, furnish it, and rent it out for over thirty days. Surprisingly, doing so will often get you double the rent as a regular rental property without the constant turnover of short-term rentals. Don’t believe us? Maybe Sarah Weaver and Zeona McIntyre can change your mind. They’ve been doing the medium-term rental strategy for years, and it’s what’s given them the financial freedom they enjoy today!

Sarah, shortly after finding out about the medium-term rental strategy, converted many of her long-term rentals into medium-term. Zeona, a former short-term rental owner, knew the high cash flow, low maintenance approach would help her live the nomadic lifestyle she loves. They detail exactly how they did it, what it takes to succeed, and how you can repeat the process in their new book, 30-Day Stay.

In This Episode We Cover:

The medium-term rental strategy explained and why it’s often a better bet than short-term rentals

Switching from short-term rentals to medium-term rentals and why the pivot makes sense

The best guests for medium-term rentals and why it isn’t always about traveling nurses

Which markets work best for this strategy and what bedroom/bathroom count has the highest ROI

Property management, maintenance, and how to make sure your medium-term rental succeeds

Analyzing a medium-term rental property and what extra costs to be aware 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

BiggerPockets Podcast 229 w/Zeona

BiggerPockets Podcast 300 w/Zeona

BiggerPockets Podcast 563 w/Sarah

Furnished Finder Stats

Books Mentioned in the Show:

Profit like the Pros by Ken Corsini

Raising Private Capital by Matt Faircloth

SKILL by David Greene

30-Day Stay by Zeona McIntyre & Sarah Weaver (Use Code “ZEONA” or “SARAH” for a Discount)

Connect with Sarah & Zeona:

Sarah's Instagram

Zeona's Instagram

Sarah's BiggerPockets Profile

Zeona's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-679

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

678: Is the Buyer’s Market Back? How to Find Deals and Steals on the MLS w/Jamil Damji Oct 23, 2022

Let’s be honest. The housing market has been a pain over the past few years. Sellers wouldn’t entertain any offer that wasn’t 10% over the listing price, real estate agents wouldn’t return your calls, and you may have thought that the time to buy rental properties was over. Fortunately, the tides have turned, and the seller’s market has almost overnight become a buyer’s market. Price drops are aplenty on the MLS, real estate agents want to be your best friend, and sellers desperately need to get their homes offloaded. This creates an opportunity for you to start buying deals at a discount.

Jamil Damji, America’s leading wholesaler, knows that now is the time to get properties under contract. He’s been an expert at off-market deal-finding for decades, but now, he says that on-market deals are becoming far easier to find. Combine his nationwide knowledge with David Greene’s agent expertise, and you have a masterclass on finding steals, not just deals, in today’s housing market.

David and Jamil go through eight different techniques you can use to find deals, lock them in at a low price, and grow your real estate portfolio, while everyone else is too scared to act. In times like these, when fear is at an all-time high, smart investors keep their cool, continue buying based on the numbers, and walk away far richer than the average investor. Interested in doing the same? Grab your notepad and write down these eight techniques. There’s a good chance you’ll be using them soon!

In This Episode We Cover:

How the housing market has shifted and whether or not we’ve become a buyer’s market

Off-market vs. on-market deal-finding strategies and which makes sense in 2022/2023

Using “emotional influence” to get a seller to agree to your terms as soon as possible

Building relationships with listing agents so they act as your ally in a deal

How to leverage “bad news” to turn frustration into motivation for a seller

Tell-tale signs of a motivated seller that will quickly get a deal done

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

BiggerPockets Podcast 677

BiggerPockets Podcast 667

These 20 Housing Markets Are Cooling the Fastest, According to Redfin

Connect with Jamil:

Jamil's YouTube

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-678

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

677: How to Build an Income-Replacing, All Off-Market Rental Property Portfolio w/Taylor Wing Oct 20, 2022

Financial freedom in two years? How can that be possible with high interest rates and higher home prices? If you’re looking at what’s on the MLS as the only deals around, you could be missing out on buying properties that could fast-track your journey to early retirement. Taylor Wing, unlike most investors, didn’t go the conventional route when building his rental property portfolio. But, walking the road less traveled has paid off significantly, as he has already found financial freedom in less time than it takes most investors to buy their first property!

Taylor’s career trajectory was cut and dry from the start. After graduating from West Point, he entered the Army and knew exactly how rankings, raises, and benefits would work from the day he started until the day he retired. This rigidity didn’t sit well with an entrepreneurial-minded, soon-to-be investor like Taylor. After his first house hack, and a very successful BRRRR, Taylor went full-throttle on investing.

Now, just two years later, he has a portfolio of over thirty rental units, a Rolodex full of private money lenders, and teams in multiple states ready to help him grow. So what sets Taylor apart from the rest? Aside from his resilience, Taylor chose to take action once he had enough information, instead of falling victim to analysis paralysis. If you follow Taylor’s advice, you too could grow a portfolio as fast as he did!

In This Episode We Cover:

Taking action, pushing past fear, and refusing to be stuck in analysis paralysis

Direct-to-seller marketing and how to find off-market real estate deals

Creative financing strategies, the subject to method, and no money down deals

Defining your “buy box” and red flags when looking for a BRRRR or rental property

Building your real estate team and the most important hire you can have

How to create an actionable plan to reach financial freedom in only a few years

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 About “Reverse Flipping” with Ashley Hamilton

The 30-Something’s Guide to Financial Freedom

Try Follow Up Boss to Get More Real Estate Deals

Books Mentioned in the Show:

Financial Freedom with Real Estate Investing by Michael Blank

Traction by Gino Wickman

Connect with Taylor:

Taylor's BiggerPockets Profile

Taylor's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-677

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

676: Rob's Real Talk: What Running Short-Term Rentals at Scale REALLY Looks Like Oct 18, 2022

The short-term rental game is not one to enter lightly. Regular rental property investors shudder at the constant turnover, consistent guest complaints, and far more intensive upkeep that vacation rental property owners pride themselves on. But is a week in the life of a self-managing short-term rental empire owner that bad? Well, maybe we’ll just have Rob Abasolo AKA Robuilt, YouTube’s go-to authority on vacation rental investing, answer this.

Rob has had a troubling week to put it lightly. From guests somehow deadbolting themselves out of their homes to ACs being frozen solid, sending vacationers to the wrong address, and almost obliterating a $20,000 pool, many things can go wrong in the realm of short-term rentals. But, is the profit worth the pain?

Dave Meyer from On The Market joins along this episode to act as Rob’s therapist/cheerleader as we go through a week’s worth of almost unbelievable events in the life of a vacation rental property owner. This episode highlights lessons learned from each mistake that you can use to build a better rental property portfolio, have a more seamless customer experience, and maybe get a little more “me and my burrito” time.

In This Episode We Cover:

Setting up fail-safes around your short-term rental so guests always have a way in

Why sticking to your guns isn’t always the best way to build a strong vacation destination brand

Supply chain shortages and how it’s severely delaying short-term rental owners

Why you should never fully drain a pool (unless you like paying $20,000+ in repairs!)

Using speed to your advantage and making guests feel heard as soon as a problem arises

Staying in contact with your team so you can solve problems smarter

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 Ultimate Guide to Short-Term Rental Properties

How I Perfected the Process of Self-Managing My Rentals

Vacation Rentals Are Popular, But Are They Profitable?

Book Mentioned in the Show:

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

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-676

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

675: Seeing Greene: When Does It Make Sense to Refi with High Interest Rates? Oct 16, 2022

Mortgage rates are up, which is good news for (almost) no one. Those who have built huge equity gains over the past few years now feel like they’re stuck at a crossroads. You could pull a cash-out refinance to buy another investment property, but with such high mortgage rates, is it better to wait out the market? This standoff between buyers, sellers, and the Federal Reserve have many investors confused about the next move to make. Thankfully, our in-the-field investing veteran, David Greene, is here to help.

Welcome back to another episode of Seeing Greene, where your host David answers questions on the spot from investors spanning every skill level. We’ve got video and text submissions this week, with topics ranging from whether to wait or buy now, how to push past negativity when you’re struggling to find deals, when to refinance while interest rates rise, asset protection basics, and much more. These in-depth answers from David will probably solve top-of-mind questions you may have too!

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:

Whether to buy now or wait for a housing market correction

How to get out of a negative mindset when struggling to find deals

“Timing” your refinance to get the lowest rate possible (and whether or not it’s worth it)

What most investors get wrong about house hack “cash flow”

Asset protection basics and if an LLC is necessary for your first rental

Self-management vs. property management and when to trade money for 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

Jonathan's BiggerPockets Profile

Book Mentioned in the Show:

Real Estate by the Numbers by Dave Meyer & J Scott

Connect with Jonathan

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-675

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

674: Investor Update: The "10 Deals on $20K/Year" Investor's Explosive Growth w/Ashley Hamilton Oct 13, 2022

Ashley Hamilton is a landlord, multi-unit investor, reverse flipper, hard money lender, and everything else in between. You may recognize her name from episode 331, appropriately titled “10 Real Estate Deals on a $20K Waitress Salary,” which became one of the most popular BiggerPockets Real Estate Podcast episodes. If you haven’t heard of Ashley, here’s a quick rundown: As a teen mom, Ashley was working hard daily to provide for her kids. With only a $20K/year salary, she began buying rental properties, often in cash, in the Detroit area. The last time we chatted, Ashley had ten units. But now, things are very different.

Ashley knew that ten units and $7,000/month in cash flow was life-changing, but wanted to go even bigger. Since then, she’s rapidly expanded her rental property empire, growing her portfolio by many multiples and expanding into other businesses like consulting and hard money lending. She’s even developed her own version of the BRRRR strategy called “reverse flipping,” which makes high interest rates a non-issue when trying to refinance out of your property.

She gives some killer tips on keeping tenant turnover low, why paying taxes isn’t such a bad thing, and how betting on cities like Detroit can make you much wealthier. One surprising thing about Ashley is that she built the foundation of her portfolio on cash deals while making a below-poverty salary. So if you think money is the one thing stopping you from investing, Ashley will probably change your mind!

In This Episode We Cover:

Buying properties in cash and why leverage isn’t always the best move to make

What to do once you’ve hit financial freedom and building generational wealth

Going slow to build a property portfolio fast and “portfolio architecture”

Reducing tenant turnover and how Ashley kept 80% of her tenants over ten years!

The “reverse flip” strategy and why you should be on the lookout for PILFs

Investing even on a low salary and where cash flow can still be found

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 Our First Interview with Ashley

Tenant Turnover Can Wreck Your Profits—Here’s the Simple Solution to This Costly Issue

Book Mentioned in the Show:

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

Connect with Ashley:

Work with Ashley Hamilton Consults

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-674

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

673: Beyond Cash on Cash: How Thinking Like an Investor Unlocks More Deals w/Dave Meyer & J Scott Oct 11, 2022

What sets apart your everyday real estate investor from an investing expert? While novice investors are focused on cash flow only, veteran landlords focus on something worth much, much more. Thankfully, even if you’re just getting started on your investing journey, you don’t have to go through the hard work that experts like Dave Meyer and J Scott went through. Instead, you can hear their time-tested advice today, and grab their new book Real Estate by the Numbers!

J, a techie turned master flipper has written numerous books on estimating rehab costs, calculating real estate deals, and recession-proof investing. Dave, our VP of Data and Analytics and host of On the Market, has been head-down in housing market data for the past decade. These two real estate investing juggernauts combined their knowledge to write a book that lets every investor, no matter their skill level, find better deals, calculate profits smarter, and build wealth faster.

In this episode, we talk about calculating cash flow, ROI, and other metrics that may, or may not, matter as much as you’d think. You’ll hear how these two experts use much more than the numbers to define which deals are worth buying. After this episode, you may look at your portfolio differently, or even think about selling some of the properties you thought were “winners” before!

In This Episode We Cover:

The math behind the real estate deal and which metrics matter more than most

Calculating which properties work best for your portfolio

Defining your “buy box” and using it to filter through deals so you can build wealth faster

Why your property’s ROI (return on investment) might be even better than you think

How to start thinking like an investing expert and the lump sum vs. cash flow debate

Understanding the time value of money and how it’ll make you richer quicker

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

Here’s Why You Should Consider Investing in Senior Living

Should You Invest In Senior Housing (And Is Now the Right Time)?

Genworth’s Cost of Care Survey

Book Mentioned in the Show:

Real Estate by the Numbers by Dave Meyer & J Scott and Use Code “DAVE” or “JSCOTT” for 10% Off

Connect with Dave & J:

J's Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-673

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

672: Seeing Greene: Interest Rates, Flipping Tips, and Investor-Only Loans Oct 09, 2022

Rising interest rates are being met with some negativity from investors. Deals don’t make sense anymore, cash flow is becoming almost extinct, and those who could qualify just a year ago are barely making the cut. How could mortgage rates almost doubling over the past year make buying real estate possible, let alone profitable in 2022? David Greene, veteran real estate investor, says that now is the time to buy!

Welcome back to another Episode of Seeing Greene, where David hits on some time-sensitive questions surrounding the world of real estate. We touch on private money lending, the housing market and interest rate updates, how to “gift” a down payment, real estate partnerships, goal setting, and who should stay away from house flipping. If you’re just starting your journey in real estate investing, this is the episode to listen to!

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 rising interest rates make buying real estate even easier in 2022

How to ensure a private money lender feels protected in a deal

Real estate partnerships and the right way to gift a down payment

DSCR loans and other investor-only financing options you can use to scale your portfolio

Novice flipper tips and who should and shouldn’t be flipping homes

How to set bigger, better goals that allow you to accomplish your dreams at light speed

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

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Buy, Rehab, Rent, Refinance, Repeatby David Greene

The Richest Man in Babylon (BiggerPockets Edition) by George Clason

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-672

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

671: Will the “Silver Tsunami” Flood You with Cash Flow? w/Isabelle Guarino-Smith Oct 06, 2022

Assisted living investing isn't your typical type of rental property investing. When someone thinks “I want to get rich in real estate,” they’re often not considering setting up a home for seniors, those in medical decline, or medical patients. Investors almost prematurely dismiss any idea of RAL homes (residential assisted living) if they have no medical background and no personal need to do it themselves. This can become a costly mistake, especially when the evidence adds up on why assisted living could be the most recession-proof real estate investment out there.

Isabelle Guarino-Smith is one of the investors that decided to go down this path. Without any medical experience of her own, she led her family business to become a successful assisted living brand throughout the state of Arizona. When her grandmother needed care many states away, Isabelle’s father realized that building not only a better facility, but a more profitable portfolio, was a smart move to make. And this risk has paid off significantly, as Isabelle now takes home a five-figure monthly cash flow from each of these properties.

She knows that the “silver tsunami” is coming in quickly and that capitalizing on this niche now could mean even great profits in the future. But, this isn’t all about the money for Isabelle and her team. She’s seen how much better care seniors can get in smaller facilities and that this type of investment doesn’t just pay itself back in profits, but in knowing that you’re making a difference in the lives of those who need it most.

In This Episode We Cover:

How to transition from residential real estate investor to assisted living specialist

The three types of senior housing facilities and the only one worth investing in

The “silver tsunami” that’s on the way and how to capitalize on it before it’s too late

Financing options for assisted living investments and how to raise capital

Renovation tips, common costs, and how much you can expect to make on your first facility

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

Here’s Why You Should Consider Investing in Senior Living

Should You Invest In Senior Housing (And Is Now the Right Time)?

Genworth’s Cost of Care Survey

Books Mentioned in the Show:

Rich Dad Poor Dad by Robert Kiyosaki

The Pumpkin Plan by Mike Michalowicz

The 5am Club by Robin Sharma

Connect with Isabelle:

Isabelle’s Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-671

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

670: BiggerNews October: Should You Sell Before the Fed “Creates” a Crash? Oct 04, 2022

After a strong housing market runup, the Federal Reserve is looking to tame this economic beast with yet another rate hike. Most investors see now as a time to take a step back, invest less, and hold their financial positions steady. But, are we approaching a 2009/2010-type scenario where home prices dramatically drop, and deals are easier to find than ever before? On this month’s BiggerNews, we bring in Kathy Fettke, nationwide real estate investing expert and On the Market expert guest, to give her take on upcoming opportunities.

In a recession or correction, smart investors deploy their “defensive investing” techniques, allowing them to pick up steals, not just deals, and fold properties into their portfolio that can help float them during times of trouble. Even as an intense investor, Kathy adopts the “aggressively defensive” tactic, the same one Rich Dad Poor Dad author Robert Kiyosaki told her about back in 2008. Simply put, industry experts like Kathy aren’t thinking of selling—they’re focused on buying!

To wrap up, Dave, David, and Kathy give some practical tips on time management, and how to keep buying as you get busy. With only twenty-four hours in a day, these big-time investors still find ways to run business, record podcasts, and buy new deals, but only thanks to a system they’ve designed. Before you know it, you might be in too tight of a timeline to actively invest, so start implementing these tips now!

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

BiggerPockets Podcast 502

The Fed Basically Admitted It. They Want a Housing Correction

Real Wealth

Grow Developments

Books Mentioned in the Show:

Real Estate by the Numbers by Dave Meyer

Rich Dad Poor Dad by Robert Kiyosaki

Connect with Kathy:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-670

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

669: Seeing Greene: Is BRRRR Investing About to Get Even Better? Oct 02, 2022

BRRRR investing has become one of the most popular real estate investing strategies across the United States. But, the great contractor shortage of 2020 and 2021 almost decimated BRRRR investors. Record high prices, dragged-out timelines, and the inability to rely on almost anyone to fix up houses brought this strategy close to extinction. But now, we’re seeing a second wind of BRRRR investing as contractors aren’t being stretched so thin and competition for real estate starts to slump.

Welcome back to another episode of Seeing Greene, where your “I don’t seek validation, validation seeks me” host, David Greene, is back to answer your questions on anything related to real estate. In this episode, we talk about investing methods such as the BRRRR strategy, real estate syndication investing, becoming a real estate professional, and more. We’ll also touch on some deeper topics like why so many new real estate investors crave validation, how to know when to fire your property management company, and the medieval meaning of “racking your brain.”

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:

How less competition for contractors could make the BRRRR strategy much more viable in 2022

Real estate syndications vs. investing in your own deals (and how to know which is a better choice)

Becoming a real estate professional to significantly lower your taxable income

Refinancing a property even if you lack a W2 or don’t have consistent income

The right way to find a mentor and taking the “apprenticeship” role instead of asking for advice

When to switch property managers and questions to ask before you let them go

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

Find the Real Estate Professional You Need

BiggerPockets Podcast 378 with Brian Burke

BiggerPockets Podcast 649 with Alex Hormozi

Books Mentioned in the Show:

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

Long-Distance Real Estate Investing by David Greene

Investing in Real Estate with No (and Low) Money Down by Brandon Turner

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-669

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

668: 10 Units in 3 Years and Giving Back While Getting Ahead w/Zasha Smith Sep 29, 2022

Reaching financial freedom doesn’t mean grinding away for decades to finally retire. It may only take a couple of deals for you to create enough traction to quit your W2 or go full-time into investing. But what if you have a family and children to support? Surely there’s no way to hit quick financial independence with those responsibilities? If you’re still not persuaded, hear Zasha Smith’s story.

Zasha was working sixty-hour weeks, sometimes every day of the week, as a civil engineer. She knew that continuing down this career path would lead to long days, even longer nights, and time away from her children. After a quick Google search on “how to get rich,” she stumbled upon real estate investing. After her first successful home flip and her first rental property purchase, she gave her resignation, and the rest is history.

Now, she’s got a portfolio capable of providing her a financially free lifestyle, with ten units acquired in just three years. Mind you, this all happened during the events of 2020, meaning Zasha deserves even more credit! She’s currently using her wealth to give back to the community, with plans to build affordable housing throughout her home state of Hawaii. Her “give back, get ahead” mentality is surely working, and it’s something all real estate investors should try.

In This Episode We Cover:

When to quit your W2 and pursue full-time real estate investing

Finding off-market deals and beating Brandon Turner in his own backyard

Affordable housing and how you, the landlord, can help those who have limited resources

Masterminds, real estate meetups, and other ways to quickly grow your investing network

Real estate partnerships and red flags that every investor must pay attention to

Giving back to the community and mentoring others who are just getting started

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

Find the Real Estate Professional You Need

Why I’m Investing in Affordable Housing for the Long Haul

10 Challenges to Seriously Consider BEFORE Quitting Your Day Job

Books Mentioned in the Show:

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

Rich Dad Poor Dad by Robert Kiyosaki

Connect with Zasha:

Zasha's BiggerPockets

Zasha's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-668

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

667: How to Get Any Seller to Accept Your Offer in 24 Hours (or Less!) w/Jonathan Greene Sep 27, 2022

Investment properties are hard to find—unless you use the tips Jonathan Greene mentions in today’s episode. If you’re like most real estate investors, you know that in 2022, it can feel like you're constantly getting nickeled and dimed over every aspect of your offer. The seller wants more money, a quicker closing, refuses to give seller concessions, and acts like their often outdated, structurally unsound property is worth as much as their neighbors' new construction down the street.

How do you negotiate with these sellers to actually get the deal done at a price that won’t destroy your future profits? Or, maybe a better question to ask is, how do you find deals already on the market, with desperate sellers waiting to accept any offer that comes their way? What if you’re a brand new real estate investor, still looking for your first rental property? How do you get on the same wavelength as a tough seller?

Jonathan Greene is known around the BiggerPockets forums as a millionaire mentor. He left his career as a criminal prosecutor to start profiting from investment properties. Now, he runs an agent team that has built seriously strong negotiation tactics, and Jonathan still invests heavily on the side. He’s walked away from more deals than he can count. But, he’s also won deals that other investors would have no chance at acquiring. Want to repeat how Jonathan did it? You’ll hear it all in this episode!

In This Episode We Cover:

Why “hard” negotiations don’t work in real estate and the fastest way to ruin a potential deal

Defining your “buy box” and looking for much more than just cash flow

The foolproof way to guarantee you'll make money on your investment property purchases

Why rookies get stuck in analysis paralysis and how simply “seeing” a house will snap you out of it

Becoming a great real estate negotiator and giving sellers offers that they can’t refuse

The almost too easy way to find under-the-radar real estate deals on the MLS

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

BiggerPockets Real Estate Podcast 584

7 Top Real Estate Negotiation Tips

Listen to “Zen and the Art of Real Estate Investing"

Connect with Jonathan:

Jonathan's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-667

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

666: Seeing Greene: The 10-Second Formula to Solve the "Sell vs. Rent" Situation Sep 25, 2022

Unless you’re trying to invest in real estate using all cash, you’ll need to know which investment loans work best for you. But what if you’re a contractor, a business owner, or self-employed? What if you’ve already used up all your financeability and your DTI (debt-to-income ratio) is too high for lenders to take you seriously? What’s your next step? Fortunately, even if you’re feeling the crunch of difficult financing, you still have numerous ways to buy rental properties. You just need to know where to look!

We’re back! Or more like David is back on another episode of Seeing Greene where he takes the most-pressing questions from our audience and answers them live for all investors to benefit. In this episode, we’ll be talking about mid-term rentals and the threat they pose to “regular” rental property investing, why it’s so challenging to find investor-friendly agents, how wholesaling real estate could get you into trouble, and house hacking in an expensive market (even with VERY little down).

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 mid-term rentals may be the perfect sweet spot between effort and cash flow

How to grow an investor-friendly team of agents when most agents simply won’t cut it

Scaling your rental property portfolio using DSCR loans and other investment property products

The 10-second calculation that’ll help you decide whether to sell or rent out your house

House hacking in an expensive market and whether the “5% down” method is just a myth

Why agents could find themselves in serious trouble when trying to wholesale 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

Partnerships—What to Do Before You Jump in With Another Investor

3 Reasons I Think Medium-Term Rentals Beat Short-Term

Get Closing Costs Covered with Kyle Renke

Housing Market “Soft Spots” with Kyle Renke

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-666

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

665: Building a 150-Unit “Lease Arbitrage” Empire and the STR Furnishing Playbook w/Jeff Iloulian Sep 22, 2022

Short-term rental arbitrage seems like an elusive concept. As a real estate investor, it can be a little hard to wrap your head around it. You lease a property, rent it out, and then…profit? That’s right! Without buying a rental property, dealing with maintenance or large-scale repairs, you too can make just as much money (if not more) than the landlord down the street without ever owning the property in the first place. It sounds like a dream, but in reality, you’ll need an airtight system and team to make it work.

Thankfully, Jeff Iloulian has all that and more. Before 2014, Jeff was living as a lucrative lawyer, billing high by-the-minute rates and making money every second he worked. This was during the “wild west” of short-term rental investing, where mom-and-pop owned vacation rentals were starting to become a serious way to make passive income. Jeff initiated his portfolio with just one “lease arbitrage” unit and eventually ballooned his empire up to 150 rentals!

Now, Jeff does more than just run his short-term rental portfolio. He runs the buying group HostGPO, helping link up short-term rental operators with vendors who can provide better, time-tested, industry-specific products. Not only that, Jeff manages numerous other vacation rentals, so he knows everything from furnishing to cleaning, check-out procedures, and more. He gives a furniture and furnishing masterclass in the second half of this interview where many of his tips could save you thousands over the lifetime of just one rental unit.

In This Episode We Cover:

Rental arbitrage and how any investor (no matter their budget) can use it to make passive income

Breaking out of the “not enough time” matrix to start investing on a busy schedule

Furnishing your short-term rental and why IKEA may not be the best bet for bed sheets

Building your short-term rental dream team and how to manage a large-scale portfolio

The mega-niche investing opportunity of renting soon-to-be destroyed homes

Leaving a lucrative career to invest in real estate and why it’s almost always worth it

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

Airbnb Rental Arbitrage—The Ultimate Guide

The Ultimate Guide to Short-Term Rental Properties

Creative Ways to Furnish Your Short-Term Rentals on a Budget

How to Build Your Dream Short-Term Rental Team

Get Exclusive Short-Term Rental Investor Discounts with HostGPO

Books Mentioned in the Show:

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

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

Connect with Jeff:

Jeff's Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-665

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

664: Why Your “Pitch Deck” Won’t Work (and What to Do Instead) w/Pitch Anything’s Oren Klaff (Part 2) Sep 20, 2022

The way you pitch anything is how you pitch everything. So how are you showing your professionalism in meetings, negotiations, or presentations? Are you rolling in nervously with a pitch deck that looks like it was made by two middle-schoolers, sporting an unfitting suit and some cheap-looking picture of Hawaii as your background? Is that what multimillionaires want to see on a deal presentation? Will investors even take you seriously?

There are a few keys to a perfect pitch, regardless of what you’re even pitching. Oren Klaff, author of Pitch Anything, has become a master at deal negotiations and capital raising. He’s seen what makes a prospective investor walk out of the room or end a video call early, and he’s here to make sure you’re not the person on the other end of that presentation. So what do you need to do to successfully sell or pitch anything?

In part two of this second episode with Oren, we walk through the different types of brain stages a presentation attendee is in, how to bypass the brain, and the wrong way to design a pitch. Oren has seen it enough to know that the how you’re presenting information probably isn’t the right way. He gives some rapid-fire tips on immediately boosting your credibility, upping the stakes, and how to get investors, attendees, or anyone else on your side from the first sentence.

In This Episode We Cover:

Pitching to “dead air” and how to successfully sell anyone on a deal in the video conference-first world

Bypassing the brain so investors and attendees hear what you have to say

The wrong way to structure a pitch and why most people fail at building rapport

Ending the pitch, escalating the tension, and raising the stakes for your attendees

The million-dollar move that helped Rob raise seven figures in only a few days

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

Check Out Part One with Oren

How to Take Control of Everyday Negotiations With One Simple Technique

How to Pitch to Investors So They Bite

The 4-Second Pitch to Unlock Unlimited Funds

Book Mentioned in the Show:

Pitch Anything by Oren Klaff

Connect with Oren:

Oren's website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-664

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

663: How to “Raise the Stakes” So Anyone Accepts Your Deal w/Pitch Anything’s Oren Klaff (Part 1) Sep 18, 2022

Oren Klaff is best known for his groundbreaking book, Pitch Anything. In it, he gives a systematized way to take control of every meeting, negotiation, and deal on your terms without taking a submissive position. Oren has the expertise to back up his claims. As a world-renowned leader in sales, capital raising, and negotiation, he’s been in the meetings, flipped the script, and gotten deals done that most couldn’t even dream of. Now, he’s sharing his wisdom with you.

Much of what Oren describes gets a bad rap in today’s world. The terms “alpha” or “in control” are subliminally thought of as violent or harsh, but in Oren’s context, they are completely accurate. In part one of this two-part episode, Oren gives you everything you need to take control of your deal, get negotiations done on the terms you want, and put opponents in the position for you both to succeed, instead of merely butting heads.

But this advice isn’t just for the board room. These key principles work in every conversation you’ll ever have, whether you're raising millions to close on an apartment complex investment or merely trying to get your kid to eat their vegetables. The way you pitch, frame, and control a conversation directly correlates to its outcome. And in real estate investing, this isn’t a skill you’ll want to be without.

In This Episode We Cover:

The alpha and beta dynamic and putting yourself in the alpha position in every negotiation

The risk of not taking control and how giving someone else the lead could ruin your deal

Shifting perspective and the “frame control” exercise that’ll bring anyone down (or up) to your level

Putting your opponent or partner in an “emotional state” so they can see your point of view

Raising the stakes and how doing so will solidify any deal that needs to get done

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 Take Control of Everyday Negotiations With One Simple Technique

7 Real Estate Negotiation Tips

4 Reasons Negotiating Regularly Will Make You Richer, Wiser, & More Confident

Book Mentioned in the Show:

Pitch Anything by Oren Klaff

Connect with Oren:

Oren's website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-663

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

662: ROE > ROI and Why Your “Cash Flow” Number is Deceiving w/Chris Lopez Sep 15, 2022

Cash flow—the two words every rookie real estate investor loves to hear. It’s always about cash flow. “If the property doesn’t bring in a healthy amount of pure profit every month, there’s no point in buying it!” This sentiment could cost you hundreds of thousands, if not millions over the lifetime of your real estate investing career. Don’t get us wrong, cash flow is important, but focusing on this metric alone may lead to your downfall.

Chris Lopez hopped off the “buy only for cash flow” bandwagon long ago, and he’s much richer for doing so. Chris has become successful quickly in the real estate game, which is doubly impressive if you look at his past business history. He didn’t start in real estate sales, investing, or anything of that nature—he was more interested in building content for other businesses he was pursuing. After realizing that rental property investing was the way to go, Chris took a hard pivot, repurposing the same skills he used in his businesses to work in real estate.

Now, he’s got eight units of his own, passive investments he doesn't need to worry about, and a successful real estate brokerage situated in the real estate mecca of Denver, Colorado. He’s become the foremost expert on Denver real estate not because he’s done thousands of deals, but because he knows the area well enough to teach those who don’t. Chris talks about business building, mentorship, and a much better calculation than cash flow in this episode.

In This Episode We Cover:

Building a real estate business that not only makes you active but passive income

SEO, content marketing, and using “lead magnets” to drastically increase your deal flow

The wrong way to find a mentor and four simple steps to take to get the attention of top investors

The world’s best business card and how it turns you from a novice into an expert

How to reevaluate your real estate portfolio to ensure it’s making the most money possible

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

BiggerPockets Podcast 278

BiggerPockets Podcast 558

Watch Chris’ “House Hackerz” Series on YouTube

9 Simple Steps to Finding the Best Real Estate Mentor

Books Mentioned in the Show:

Rich Dad Poor Dad by Robert Kiyosaki

BRRRR by David Greene

How to Sell Your House for Top Dollar, Faster by Faby Gonzalez

Good to Great by Jim Collins

Who Not How by Dan Sullivan

Connect with Chris:

Chris' website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-662

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

661: How to “Start from Zero” in Today’s Multifamily Market w/Andrew Cushman and Matt Faircloth Sep 13, 2022

The multifamily real estate market seemed almost impenetrable over the past two years. Unless you had millions in dry powder, ready to overpay for a huge apartment complex, there was a low chance you’d be making any money in the multifamily industry. This gave the big buyers an unfair advantage, while smaller investors struggled to put almost anything under contract. The tables have started to turn as interest rates rise, repricing becomes the norm, and multifamily buyers start fleeing the closing table.

It’s now your time to shine, small-scale investors. As large buyers begin to fear a housing market crash, you can swoop up the spoils that could benefit you for years to come. But, before you do so, you’ll need to understand how exactly multifamily investing works. Back again on the show are Andrew Cushman and Matt Faircloth, two multifamily masters in their own rights.

They’ve become real estate veterans after over a decade worth of investing experience. Now, they’re here to share some beginner steps and tips on how you can get into the world of multifamily real estate, regardless of your experience, knowledge, or bank account size. These steps are simplistic at a high level, but doing them correctly could help you beat out the competition for years to come. The only question is, are you ready to start?

In This Episode We Cover:

Why today’s “fearful” multifamily market is a great opportunity for new investors

Evaluating your goals, skillset, and advantages before you step into the multifamily market

The biggest mistakes new investors make when choosing a real estate market

How to get deals sent directly to you and build up a network of top-tier brokers

Building your real estate dream team that’ll allow you to scale with far less headache

Raising private capital and using other people’s money to grow your real estate empire

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

BiggerPockets Podcast 571

BiggerPockets Podcast 586

BiggerPockets Podcast 634

BiggerPockets Podcast 279

Harvard Joint Center for Housing Studies

Crexi

Loopnet

Berkadia

Cushman and Wakefield

CBRE

Marcus and Milichap

Colliers

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Raising Private Capital by Matt Faircloth

Connect with Matt & Andrew:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-661

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

660: Deal Deep Dive: How Robuilt Doubled His Property Portfolio Overnight Sep 11, 2022

Hotel investments, big BRRRRs, and some mind-boggling cash flow are coming up on this Deal Deep Dive with our very own Rob Abasolo. For almost the entirety of Rob’s short-term rental investing career, he’s preached the good gospel about how small, mom-and-pop-owned vacation rentals are the way of the future. The secluded single-family rental, log cabin, or treehouse were some of Rob’s most impressive and profitable investments. But now, he’s taken a step in a whole different direction.

Rob doubled his rental property portfolio almost overnight, going from fifteen units to thirty-five by purchasing a twenty-unit hotel/motel mix in beautiful Upstate New York. Without much experience running anything on that scale, Rob and his partners went to work trying to figure out how to turn this mess of a motel into a profitable, high-value vacation destination. He faced some serious hurdles, from canceling on guests to fixing a literal hole in the middle of the property, but found a way to make it work.

Once the renovations are complete, Rob will walk away with an almost unbelievable amount of yearly cash flow, a seven-figure increase in equity, and a scalable system that will let him do these types of deals more often than he thought. Want to hear the nitty gritty so you can tackle something as lucrative as this? Sit back, relax, press play, and prepare for your next big property purchase!

In This Episode We Cover:

Transitioning from single-family rentals to multifamily vacation rental investments

Hotel hurdles and what you should know before investing in a multi-unit short-term rental

Big BRRRRs and how to revive a rental property that has serious deferred maintenance

How to find contractors when you’re in a low-population investing area

The right way to transfer ownership after you’ve bought a not-so-straightforward property

Seller financing and getting deals with lower interest rates and far more flexible lending

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

Our Interview with Heather Blankenship on RV Park Investing

Are There Opportunities in Hotel Investing in 2022?

Struggling to Find a Stellar Contractor? Try These 9 Pro Tips

The Definitive Guide to Using Seller Financing to Buy Real Estate

Watch Rob’s Video on This Property

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-660

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

659: Beat the Grind: Make Millions in Real Estate by Gamifying Your Day-To-Day w/Luke Rotvold Sep 08, 2022

Nobody likes cold calling. Even just the thought of cold calling is enough to make seasoned real estate investors start to sweat. The waiting, debating, and constant rejection can get to anyone. So why not take the stress out of a tense situation? Why not make cold calling a game? Luke Rotvold decided to do just this. As a new wholesaler, he was used to spending hours on the phone every day. He got so bored that he started playing video games while negotiating with sellers. Surprisingly, it didn’t distract him—it made finding deals far easier.

Luke severely leveled up his cold calling skills during those eight-hour long Madden marathons, and eventually started making enough money to build his own team. But Luke didn’t want to start something that felt like a drag to the workers, employers, and everyone else in between. Instead, Luke built a lifestyle-first business, where everyone wins (and loses) together, and coming to work feels like an escape, not a prison sentence.

The results speak for themselves as Luke and his team have been able to crush massive wholesaling, flipping, and investing goals. Luke has made hundreds of thousands on flips, tens of thousands cold calling, and now watches as his cascading cash flow rolls in from his buy and hold investments. He breaks down his four tips to gamify your real estate business so you, and your team, can build wealth together.

In This Episode We Cover:

Why cold calling is such a difficult skill to master and how making it fun will get your more deals

Creating a company culture that outside employees will be envious of

The four ways to gamify your real estate investing so you can enjoy getting more done

Sharing the wins, and losses, with a team so everyone rises together

Incentivizing not only your employees but yourself by building powerful goals

Partnering with those you work with so you can collectively build bigger portfolios

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

5 Cold Calling Techniques That Really Work

No. 1 Most Effective Way to Master the Art of Cold Calling

Which Company Culture Cultivates Competency?

Books Mentioned in the Show:

Top Five Regrets of the Dying by Bronnie Ware

The Monk Who Sold His Ferrari by Robin Sharma

Connect with Luke:

Luke's Instagram

Luke's YouTube

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-659

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

658: BiggerNews September: Mortgage Rate Predictions from the Nation’s #1 Lender w/Mat Ishbia Sep 06, 2022

Mortgage rates went from being a nap-inducing topic to becoming one of the most talked about, researched, and debated subjects of 2022. After two years of rock-bottom interest rates, homebuyers and investors are getting a rude awakening with some of the biggest mortgage rate hikes in decades, used simply to slow down the economy’s rampant inflation. But where are we headed, and if interest rates go higher, is there a way that the everyday investor can still lock in a low payment?

There’s no better person to ask than US Wholesale Mortgage’s Mat Ishbia. Mat has been running the US’s largest wholesale mortgage company for decades, so he knows the ins and outs of the industry better than anyone else. His company provides some of the lowest payments and fastest closings for residential and investor borrowers around the country. With all this background knowledge, where does Mat think that mortgage rates are headed by the end of 2022?

Mat pulls out his wealth of knowledge to give investors just like you the best glimpse into the future on this month’s BiggerNews episode. Not only that, Mat walks through how every borrower can save a whopping $9,400 on their next mortgage by making one simple move, and why investors should work with a mortgage broker first, not a mortgage lender, when trying to find the best rates, service, and closing dates around.

In This Episode We Cover:

Why working with a mortgage broker gives borrowers better pricing and flexibility

Interest rate predictions as we enter into the second half of 2022

Where to find the cheapest mortgage (regardless of interest rates)

Housing market forecasts and whether or not the recession will hit homebuying

DSCR loans and other investor-only loans that won’t require a W2

How interest rates are calculated by mortgage lenders and what happens behind the scenes

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

Find a Lender in Your Area

What’s the Difference Between a Mortgage Banker and a Mortgage Broker?

Ask These 19 Questions to Find the Best Mortgage Lender

Hear About David’s Low Money Down BRRRR Deal

United Wholesale Mortgage

Book Mentioned in the Show:

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

Connect with Mat:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-658

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

657: Seeing Greene: Can You Start Investing with Just $5,000? Sep 04, 2022

The best way to build wealth isn’t always the most obvious. More people will take the passive road to wealth building, which is usually far slower, and much less efficient than the active path to wealth. The active investor takes time making calculated decisions that would scare almost every average investor. Flipping a house, renovating a rental, or buying a thirteen-unit apartment building may be a little too much for most people, but probably not too much for you.

If you’re looking to fast-track your way to millionaire status, have the passive cash flow to float you in retirement, and live life on your schedule, then real estate investing is probably your chosen asset. The guests of today’s Seeing Greene episode prove this even with their quick questions. In this episode, David will answer questions on which investing strategy is best over the next ten years, whether to invest in stocks vs. real estate, how to start investing with as little as $5K and up to $100K, and how increasing your leverage can slingshot your net worth.

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:

The 1031 exchange explained and how to turn one property into many

Single-family vs. multifamily real estate and which will make more in the next decade

Real estate coaching and why it might not be as good of a career as most people think

Stocks vs. real estate and which is better for the investor trying to build wealth now

Paying off debt vs. investing in real estate and how to know which move is right for your specific circumstance

How to start investing with as little as five-thousand dollars (even with no experience!)

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

BiggerPockets Real Estate Podcast 639 with Matt Argersinger from “The Motley Fool”

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-657

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

656: The “Deal Never Dies” & Picking Up Properties Other Investors Neglect w/Tyler and Trevor Sarter Sep 01, 2022

A “dead” real estate deal happens more than you’d think. Somewhere along the line, a buyer, seller, agent, or investor gives up. Either there’s not enough money, time, or patience left in the deal to get the property bought or sold. When real estate transactions drag out, you could get caught with months of holding time or thousands in inspection costs, only to have the deal drop out from under your feet. So, how do you revive a dead deal when everyone else has given up? Just ask Tyler and Trevor Sarter.

Tyler and Trevor are based in Detroit, dealing with lots of international investors who want a piece of the cash-flowing pie. They work primarily as wholesalers, but also flip houses, and advise/consult their investors from abroad. They have a “do what you need to do to get the deal done” type mentality, which to no surprise has served them very well in their business. When other investors give up, Tyler and Trevor are waiting in the wings to get the property closed.

As two former basketball players, they understand what working as a team means and how everyone needs to play their part in order to become champions. They’re not as profit-oriented as they are solution-oriented, making sure everything gets done no matter what comes their way. Because of this, they’ve built a successful real estate business, better yet as two brothers.

In This Episode We Cover:

How to find buyers, sellers, and deals as a wholesaler, flipper, and investor

Keeping the deal “alive” and why over-communicating is necessary to start investing

Staying organized and building a fine-tuned machine that will run even when things go wrong

How to prepare yourself as a rookie real estate investor for your first deal

Using real estate to help friends and family deal with tough situations (while you also make a profit!)

Finding the “MVP” of your team and the support roles that will boost that player up

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 Newbie’s Guide to Wholesaling in 7 Simple Steps

How to Build a Highly Effective Real Estate Team

REIPro

PropStream

Books Mentioned in the Show:

Rich Dad Poor Dadby Robert Kiyosaki

Millionaire Real Estate Investor by Gary Keller

The Millionaire Fastlane by MJ DeMarco

Masteryby Robert Greene

Connect with Tyler & Trevor:

Tyler's BiggerPockets Profile

Trevor's BiggerPockets Profile

Work with Promise Land Realty

Work with Promise Land Realty on Instagram

Work with Promise Land Realty on Twitter

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-656

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

655: Private Money Explained Part 4: Rates, Returns, and Protecting Investors w/Amy Mahjoory Aug 30, 2022

Private money lending has become a hot topic over the past few years. With rising equity and asset prices, more lenders have come out of the woodwork, and an equal amount of investors have sprouted up to match the need. But taking on private money isn’t a light decision, although most investors think of it that way. Doing a deal the wrong way could put your reputation in jeopardy and rack up an expensive bill you’ll need to pay back.

Before you accept (or lend) private money, there are a few things you should know. But you don’t have to go through trial and error to figure them out! Back on part four of this private money series is Amy Mahjoory, investor and private money expert. Amy goes into the nitty-gritty of private money, from debating debt vs. equity to the risk of raising capital, protecting your investors, and the type of interest rates you can charge and returns you can expect.

If you haven’t raised or lent private money before, we recommend watching the entirety of this four-part series, as it answers crucial questions that rookies can often overlook. We also follow up with some Q&As from the comment section about how to pay a private money lender back, why coaching is seen as scammy, and the three documents you’ll need to do a private money deal.

In This Episode We Cover:

Raising debt vs. equity for your real estate deal and which one comes with more risk

Building rapport with lenders and never accepting “random” investments

The most common private money red flags for both lenders and investors

The three documents you’ll need to accept a private money loan

Finding “silent partners” who will fund your deal without overriding your decisions

The best investment opportunities of 2022 in multiple different niches

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

Amy’s Private Money Resources

BiggerPockets Podcast 636 with Amy Part 1

BiggerPockets Podcast 637 with Amy Part 2

BiggerPockets Podcast 654 with Amy Part 3

BiggerPockets Podcast 649 with Alex Hormozi

Raising Private Money Live Event

Coaching with Amy - PML Excel Course

Amy's E-book

Books Mentioned in the Show:

Lend to Live by Alexandria Breashears & Beth Johnson

Raising Private Capital by Matt Faircloth

Pitch Anything by Oren Klaff

Connect with Amy:

Amy's Instagram: @amymahjoory

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-655

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

654: Private Money Explained Part 3: The "Credibility Pieces" Lenders Love to See w/Amy Mahjoory Aug 28, 2022

Finding a private money lender is far less complicated than people think. Striking up a ten-minute conversation could be enough to find your next round of private money. At least that’s how it worked out for Josiah. Josiah is a small business owner, running a pool cleaning business while building up a small portfolio of rental properties. He sees dozens of new faces every day, and those new faces directly translate into new opportunities.

After hearing our past episodes with Amy Mahjoory, Josiah took some of her tips and began pitching his deals to everyone he encountered. Now, he’s got some private money lenders lined up for his new multi-unit, four and a-half acre, short-term rental real estate deal. We told you—raising private money is a lot easier than most people think! But we’re not just talking to Josiah today. We also have Amy back on the show for part three of her private money masterclass.

This time, Amy talks about building the “credibility pieces” that give private money lenders confidence in you, your team, and your deal. These range from presentations to deal reviews, calculators, and more. These private money tools took decades to build and Amy still uses them today! Interested in testing out some of Amy's private money-raising tools? Check out the BiggerPockets Real Estate Podcast show page for links!

In This Episode We Cover:

Josiah’s "pool guy to private money" story and how anyone can find private money in their area

The FACT framework recap and using it to establish a system for finding private money

Building rapport and creating credibility by showcasing yourself, your deals, and your team

The sixteen “credibility pieces” Amy uses every day to engage more private money lenders

How to be prepared when private money lenders ask you specifics about a certain deal

A brief lesson in how to escape a bear “attack” from Rob Abasolo

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

Amy’s Private Money Resources

BiggerPockets Podcast 636 with Amy Part 1

BiggerPockets Podcast 637 with Amy Part 2

Coaching with Amy - PML Excel Course

Amy's E-book

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Lend to Live by Alexandria Breashears & Beth Johnson

Raising Private Capital by Matt Faircloth

Connect with Amy & Josiah:

Amy's Instagram: @amymahjoory

Josiah's Instagram: @josiahhein

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-654

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

653: Tarek El Moussa on Why Flopping While Flipping is The Way to Win Aug 25, 2022

You’ve probably seen Flip or Flop before. Even if you’re not a home flipper, it’s hard to not get sucked into the glitz and glamor of watching Tarek El Moussa and his team rip out old fixtures from the 1950s and replace them with brand new, beautifully designed upgrades. Tarek is one of the most recognized home flippers in the world and has inspired thousands of others to start building wealth through real estate. He’s an inspiration to all of us, but how did he get to such a peak point?

Tarek wasn’t a great flipper right out the gate. He electrocuted and burned himself on his first deal, but that wasn’t enough to deter him. Before the great recession, Tarek was living large, making forty-thousand dollars a month in his early twenties. But when the crash came, he had to sell everything and start from scratch. After attending a real estate seminar he caught the flipping bug and realized he needed to invest in real estate full-time.

After a successful first flip, he pitched the idea of Flip or Flop to different television networks, with HGTV finally giving him a chance. He describes the first season of Flip or Flop as working eighteen-hour days, constantly stressing, and forcing himself to build a business, not just a side-hustle. This allowed him to delegate by buying more flips and building wealth faster. Funnily enough, his main piece of advice for flippers isn’t to try and make more money—it’s to start losing it instead.

In This Episode We Cover:

Tarek’s five house flipping tips that anyone can use to successfully start flipping

The single biggest mistake that most flippers (and investors) make

Flipping while filming and how to pitch a TV show as a complete novice

Why finding real estate deals is the most important thing a house flipper can do

Knowing your market and the key metrics to look for when investigating an area

Designing a renovation that will beat out the comps in your neighborhood

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

Enroll In the BiggerPockets Bootcamps and Get 10% Off Using Code “BOOTCAMP10”

Do You Make These 7 Deadly House Flipping Mistakes?

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

The Book on Flipping Houses by J Scott

Connect with Tarek:

Invest with Tarek and His Team

Tarek's Instagram: @therealtarekelmoussa

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-653

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

652: Landlord Lowdown: 2022 Market Questions Answered from 4 Expert Perspectives Aug 23, 2022

You may already be a landlord, or you might still be searching for your first rental property. How should you go about finding a winner? What’s the best real estate market to invest in and how do you make the most money while having the least amount of stress? Only experienced landlords know how to answer these questions. They’ve bought dozens of houses, dealt with numerous tenants, and been through trial and error, so you don’t have to. And that’s exactly what this episode is all about.

Ashley Kehr, host of the Real Estate Rookie Podcast, and Craig Curelop, author of The House Hacking Strategy, are here to answer common landlording FAQs. Both Ashley and Craig have had so much interest in their individual endeavors that they’re now hosting the BiggerPockets Bootcamps! Ashley’s will teach you about buying (and managing) your first property the right way, while Craig’s house hacking bootcamp will give you everything you need to buy your first house hack property in just ten weeks!

Along with real estate regulars David Greene and Rob Abasolo, Ashley and Craig will be touching on some hot topics in today’s episodes. Topics like when to give rent credits to tenants, pros and cons of renting by the room, the first steps to take after getting a property under contract, how to show your rental units, and where to find the best real estate markets around.

In This Episode We Cover:

Tenant rent credits, when to apply them, and the dangers of using them improperly

Pros and cons of renting by the room and how house hacking can be seriously profitable

Mixed-use properties and the first steps you should take after getting one under-contract

In-person vs. virtual showings and which are better for leasing/selling a property

Becoming a “passive” landlord and setting your system up to take care of headaches for you

The telltale signs of a great rental property market and which states show the biggest signs of progress

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

Enroll In the BiggerPockets Bootcamps and Get 10% Off Using Code “BOOTCAMP10”

Listen to The “Real Estate Rookie” Podcast with Ashley Kehr

Avail’s Landlord-Tenant State Laws

Book Mentioned in the Show:

The House Hacking Strategyby Craig Curelop

Connect with Craig & Ashley:

Ashley Instagram: @wealthfromrentals

Craig's Instagram: @thefiguy

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-652

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

651: Seeing Greene: Recession Risks, Renting to Family, & Scaling Your Portfolio Aug 21, 2022

How does a recession affect real estate investors? With layoffs, high inflation, and affordability problems, can the average American even afford to rent? What about vacation rentals—will short-term rental hosts see occupancy drop as families run out of disposable income? These types of questions can strike fear into rookie real estate investors, but we’ve brought along some veterans to clear up the facts from fiction.

Welcome to another episode of Seeing Greene where David is joined by numerous expert investors to help him answer real estate-related questions. Ashley Kehr, Avery Carl, Craig Curelop, and Matt Faircloth are all on today’s episode to answer questions ranging from recession risk to house hacking income, scaling from small to large multifamily, and more. If you want to dive deeper into any of these niches, be sure to sign up for the BiggerPockets Bootcamps, featuring strategy-specific live lessons for house hackers, short-term rental hosts, multifamily investors, and more.

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:

Finding a mentor and how to choose a real estate market as a beginner

Where the short-term rental market is trending and whether or not recession puts it at risk

Renting to family and friends, whether to discount rent, and how to treat them as a tenant

Debt-to-income ratios and how house hacking rent could affect yours

Scaling from small multifamily to large multifamily properties and the differences between the two

Investing in real estate vs. stocks and the risks of selling a rental property

HELOCs vs. cash-out refinances and which is best when buying more 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

Enroll In the BiggerPockets Bootcamps and Get 10% Off Using Code “BOOTCAMP10”

No, Life Isn’t Fair—But Here’s How You Can Turn Things Around

Books Mentioned in the Show:

The House Hacking Strategy by Craig Curelop

The Multifamily Millionaire Part 1 by Brandon Turner & Brian Murray

The Multifamily Millionaire Part 2 by Brandon Turner & Brian Murray

Raising Private Capital by Matt Faircloth

Short-Term Rental Long-Term Wealth by Avery Carl

Connect with Ashley, Avery, Craig & Matt:

Ashley's Instagram: @wealthfromrentals

Avery's Instagram: @theshorttermshop

Craig's Instagram: @thefiguy

Matt's Instagram: @themattfaircloth

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-651

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

Bonus: 2 Legit or Quit? (Signs You Should Quit Your Job ASAP) Aug 20, 2022

Should you quit your job? If you’re a new investor, this question can be extremely daunting. W-2s provide security, insurance, and consistent income so you can get approved for loans and lending. But at some point, especially as things take off, holding onto a job could be holding you back. But how do you know whether or not it’s time to quit? Take advice from some veteran quitters, Pat Hiban and Tim Rhode.

You may have heard Pat and Tim on episode 648 of the BiggerPockets Real Estate Podcast, where they lay out their quitter’s journey on how leaving their lines of work made them more money with far less stress. Now, they’re taking live scenarios from BiggerPockets listeners and playing “2 Legit or Quit,” to give their expert insight on whether or not the job is worth the wage.

Pick up Pat and Tim’s newest book, The Quitter’s Manifesto: Quit a Job You Hate for the Work You Love, today!

Link Mentioned in this Episode:

Grab Your Copy of “The Quitter’s Manifesto”

Hear Pat and Tim’s Past Episode

10 Challenges to Seriously Consider BEFORE Quitting Your Day Job

Check the full episode: Why Winners Quit: The 5 Factors to Leaving a Soul-Sucking Job

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

650: Glamping, Campsites, and The Insane RV Park Revenue No One is Talking About w/Heather Blankenship Aug 18, 2022

RV park investments are probably not the first thing you think of when somebody says “real estate investing.” You’re probably used to single-family homes, duplexes, apartments, or something that has to do with long-term, residential real estate. What if we told you there was a hidden niche in the real estate investing arena, one with less competition, sky-high revenues, and almost unlimited ways to cash flow.

Heather Blankenship has been in the short-term rental investing niche for more than a decade. It was much different back when she got started. On a coast-to-coast road trip, Heather had the idea to buy an RV park. She had no experience, no money, and knew nothing about hospitality operations. She was, quite surprisingly, able to find and buy a $3.2M RV park, which she’s now upgraded into a $15M property.

Don’t get her story wrong, this is not a “fake it till you make it” type scenario. Heather put in years' worth of long days, longer nights, and enormous effort to make properties just like this one, finally profit. Now, with three kids and a portfolio worth over $30M, Heather has become one of the leading figures in creative short-term rental investing. If you’ve never thought about glamping, camping, or RV park investing, this episode will seriously pique your interest.

In This Episode We Cover

The massive cash flow you can earn from RV parks, campsites, and glamping

How the short-term rental space is softening and what hosts can do to stand out

Ditching the traditional travel sites and why building a direct booking site may be the best move for investors

The dozens of ways you can make money owning an RV park or campsite

Commercial financing, permitting, and everything else you must know before buying a large short-term rental 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

Hear Heather’s Interview on The “Real Estate Rookie” Podcast

Fanboy with Rob over Matthew McConaughey’s Interview

Campgrounds—The Investment You’ve (Probably) Never Thought About

Use the BiggerPockets Tools on Your Next Deal

Books Mentioned in the Show:

The Gap and the Gainby Dan Sullivan

The Ruthless Elimination of Hurryby John Mark Comer

Connect with Heather:

Heather's BiggerPockets Profile

Heather's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-650

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

649: Alex Hormozi on The “Weak Links” That Will Make Anyone a Millionaire Aug 16, 2022

Alex Hormozi is quite literally the one hundred-million-dollar man. If you haven’t heard of Alex before, prepare to have your mind blown wide open. He’s the poster child for entrepreneurialism on the internet, founding multiple eight and nine-figure businesses, including his current venture that does over $150M per year in revenue. He’s one of the wisest founders and CEOs out there, not because he does so much, but because he knows when to do less.

One of Alex’s first successes, Gym Launch, proved how repeatable building multi-million dollar businesses can be. He quickly ramped up revenue, grew a team, and began cash-flowing seven figures. But, this was just the beginning. Over the past decade, Alex has advised numerous start-ups and established businesses, blowing revenue and sales figures out of the water by introducing easily-repeatable systems into the mix

There aren’t many people who think like Alex is in his industry, or in any industry, to be fair. But, you don’t need to be just like Alex to use his teachings in real life. In this episode, Alex lays out the scaling system that will make you seven figures before you know it. He also talks about the one investment every entrepreneur should make—one that almost guarantees success, regardless of the field you're in.

Want to learn how to ditch the burnout, make moves that count, and start bringing in millions? Hit play on this episode.

In This Episode We Cover:

Alex Hormozi’s journey from complete rookie to $150M in cash flow

How to scale your business from low revenue to seven-figures and beyond

The “weak link” every entrepreneur should focus on strengthening immediately

Hiring the “stallions” that can run your business better than you’ve ever dreamt

The “prescriptions of activation” that lead to massive success, with far less confusion

Why just being “good enough” can lead to more success than people think

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 Simplest Way to Successfully Scale Your Business

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

How to Succeed at Doing Anything w/David Greene

Books Mentioned in the Show:

$100M Offersby Alex Hormozi

Crushing It in Apartments and Commercial Real Estateby Brian Murray

Connect with Alex:

Work with Alex and Scale Your Business at Acquisition.com

Alex's YouTube

Alex's Instagram

Alex's Twitter

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-649

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

648: Why Winners Quit: The 5 Factors to Leaving a Soul-Sucking Job w/Pat Hiban and Tim Rhode Aug 14, 2022

Quitting your job is a big decision and it doesn’t always lead to the perfect outcome—at least not immediately. Most people think that you have to be miserable or make very little money to want to quit a job, but even high earners still find themselves struggling to attend their nine-to-fives. Pat Hiban is the perfect example. He quit during his prime even as he was making a high income and after owning his own company. Regardless of all the respect, responsibility, and ability to make phenomenal income, it just wasn't enough for Pat.

You may be feeling the same. Maybe you’re daydreaming about multifamily investing as you sit at work, or picturing the perfect vacation rental property on your commute. Whatever your reason, quitting might be the best move for you to make, but only if it’s the right time. Don’t worry if you’re struggling with decision fatigue, Pat and fellow quitter Tim Rhode just came out with their newest book, The Quitter’s Manifesto: Quit a Job You Hate for the Work You Love.

In it, Pat and Tim give stories and tools that will help you on your path to building wealth while leaving a job that you hate. The resources you’ll find in this book are exactly what our very own David Greene used when deciding to quit his highly lucrative, but mentally draining job as a police officer. If you’ve been sitting on the fence, not knowing the next step to take in your career, this book may be exactly what you need.

In This Episode We Cover:

How to quit your job and start investing in real estate full-time

The five factors of a soul-sucking job and how to evaluate whether or not it’s time to jump ship

Finding the "quitter’s trapeze” that can help you transition from W-2 to self-employed worker

Building your team of quitters who will hold you accountable and take you to the next level of your career

What it looks like when you’re ready to quit and how to emotionally prepare for the impact

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

BiggerPockets Podcast 190 with Pat

BiggerPockets Podcast 353 with Tim

Hear David’s Real Estate Origin Story on The “BiggerPockets Money Podcast”

10 Challenges to Seriously Consider BEFORE Quitting Your Day Job

Books Mentioned in the Show:

6 Steps to 7 Figures by Pat Hiban

The Quitter’s Manifesto by Tim Rhode and Pat Hiban

Connect with Pat & Tim:

Pat's LinkedIn

Pat's BiggerPockets Profile

Tim's Website

Tim's LinkedIn

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-648

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

647: Got a Need for Leads? Use This Opener to Earn Trust in 5 Seconds (or Less!) w/Juliet Lalouel Aug 11, 2022

Everyone wants more real estate leads. It doesn’t matter if you’re an agent, investor, flipper, or mortgage broker. The more prospective buyers and sellers, the better. But what happens when you finally get those leads? Maybe you’re cold calling, meeting for coffee, or linking up at the property. What do you say to let leads know that you’re the best agent or investor around and that they can trust you to get the deal done? Juliet Lalouel has a simple, fool-proof answer for you.

Juliet operates out of Hawaii, one of the nation's hottest real estate markets. She’s done everything from working in restaurants to running a bike business in her garage, to even becoming the go-to matchmaker for musicians that want to invest in real estate. She’s worn a lot of hats and even decided to leave one of the top teams in the state to go solo as an investor agent. When she realized all the leads were coming from her own personal network, she decided to make the jump on her own.

Now, she’s actively flipping, buying, and selling homes for not only herself but her investor clients throughout the islands. She’s been able to grow a respectable network, one which many investors dream of having, and she did all of this through tweaking her “tonality.” If you want to hear why this small change led to such big results, be sure to listen all the way to the end of this episode.

In This Episode We Cover:

How to get more real estate leads as an agent, investor, or broker

Why “tonality” is such an important part of your pitch when selling yourself to clients

Building your investor network and gaining the trust of the biggest players in your area

Why every investor or agent should reassess their emotional intelligence (and how to improve it)

The five-second pitch to earn a lead’s trust as soon as they pick up the phone

Why no type of experience is unimportant when it comes to building real estate skills

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

Amy Mahjoory’s 4-Second Power Pitch

Books Mentioned in the Show:

SOLD by David Greene

SKILL by David Greene

Pitch Anything by Oren Klaff

Thinking, Fast, and Slow by Daniel Kahneman

Never Spilt the Difference by Chris Voss

48 Laws of Power by Robert Greene

Connect with Juliet:

Juliet's Website

Juliet's Instagram

HeavyRealty's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-647

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

646: Building Wealth Like Warren Buffett & Lessons Learned from Billionaires w/Trey Lockerbie Aug 09, 2022

Every investor has wondered how to invest like Warren Buffett. He’s arguably the best stock trader of all time—preaching the fundamentals of investing in equities, something that most modern-day investors seem to forget. We’re seeing the same thing in the real estate industry. With a runup of home prices and stock prices over the past two years, almost every investing strategy has worked. But, as prices begin to plummet, overconfident investors are starting to see the errors of their ways and that making money isn’t always easy. So in today’s risky environment, we have to ask: what would Warren (Buffett) do?

Someone who’s been asking that question for years is Trey Lockerbie. He’s co-host of We Study Billionaires, where he interviews some of the best and brightest investors on planet earth. Trey has lived an interesting life. He was a musician, went on the road for years, started a kombucha brand, and now reads everything he can on how to build billion-dollar businesses and billion-dollar wealth. With the aura of fear many of us are feeling in the investing space, Trey brings in some much-needed clarity on what investors should and shouldn’t be doing right now. And he got some of this advice directly from top stock investor himself, Warren Buffett.

While we do go deep into the coming opportunities for real estate investors, we also hear about how stock investing isn’t so different, and why the massive drop in cryptocurrency prices could be an opportunity for investors who are on the fence about blockchain. Regardless of what you invest in, how much you invest, or whether or not you’ve started investing, Trey can enlighten you on how to maximize the decision you’re about to make.

In This Episode We Cover:

Secret investing lessons learned at a dinner with Warren Buffett

Understanding the “human” element behind why markets rise and fall

Fear vs. greed and whether or not to buy in an overly pessimistic investing environment

Why Bitcoin is becoming more attractive to real estate investors even as its price drops

Inflation, money printing, and how the world’s debt works

How high will interest rates go and what investors should prepare for

Starting a business that can sell for millions (or billions) and how to get there

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

Listen to Our Past Episode with “We Study Billionaires” Host Stig Brodersen

Check Out Our Episode with Ed Mylett on Investing Opportunities in 2022

How I Hired Warren Buffett as My Real Estate Mentor

“We Study Billionaires” Podcast

Connect with Trey:

Trey on Twitter

Drink Some of Trey’s Superb Kombucha

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-646

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

645: Seeing Greene: Will Borrowing Money from Family Ruin Your Real Estate Deal? Aug 07, 2022

Should you borrow money from your family? It could hurt your relationship if the deal goes wrong, but strengthen an existing partnership if everything goes right. Maybe a better question—how should you start raising private capital for your real estate deals? When it comes to the debt vs. equity debate, which makes more sense in your situation? Don’t worry, we’re bringing answers to all these questions and more!

Welcome back to another episode of Seeing Greene, where your host David Greene answers questions from both aspiring and established real estate investors. We’re also joined by Alex Breshears and Beth Johnson, two expert private money lenders and authors of the newest BiggerPockets book, Lend to Live. They help tag-team some private money-specific questions as well as give context on who you should and shouldn’t accept funding from.

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:

How to use real estate depreciation to offset income from a W2

Sell, refi, rent, or hold—which is the best move as the market gets shaky?

Whether building a purely passive real estate portfolio is possible or improbable

How to pay back private money and whether taking debt vs. equity partners is the best move

Borrowing money from family and how it could hurt your real estate deals and relationships

Why understanding a lender’s pain points is mandatory before accepting money from 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

BiggerPockets Podcast 636 with Amy Mahjoory (Part 1)

BiggerPockets Podcast 637 with Amy Mahjoory (Part 2)

Scott Trench’s 10-Step Checklist to Buy Your First Rental Property

Books Mentioned in the Show

Lend to Live by Beth Johnson and Alex Breshears

The Win-Win Wealth Strategy by Tom Wheelwright

Set for Life by Scott Trench

Connect with Beth & Alex:

Alex and Beth Email on Lend2Live

Beth's Email on Flynn Family Lending

Alex' BiggerPockets Profile

Beth's BiggerPockets Profile

Lend2Live

Flynn Family Lending

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-645

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

644: 50 Properties in 6 Months Using the Supercharged BRRRR Strategy w/Chad Beeman Aug 04, 2022

The BRRRR method (buy, rehab, rent, refinance, repeat) is commonly known among real estate investors as one of the fastest ways to build a portfolio of rental properties. The beauty of the BRRRR strategy is that it takes less time and money to get properties to cash flow with baked-in appreciation. But what if you were to ramp up the BRRRR method, so instead of doing a BRRRR every year, you did it 125 times a year. Sounds a little insane, right?

Meet the man behind the madness, Chad Beeman, who has (and this is not an exaggeration) bought and BRRRRed fifty rental properties in the past six months. This is a staggering amount of properties to buy in such a short amount of time. The craziest part? Chad is planning on purchasing another seventy properties over the next six months! So how is he able to buy so many properties, scale so quickly, and do so without losing his balance?

Chad walks through his small team, system, and thought process that helps him stay so successful. He’s had some blunders in the past (like spending $30K rehabbing the wrong house) but has thought of them as “tuition” when investing in real estate. Thanks to these mistakes, he’s been able to grow faster, build more than a million dollars worth of appreciation, and shoot well past financial freedom in his real estate investing journey.

In This Episode We Cover:

Why the BRRRR method is perfect for those who are strapped for cash but want to build wealth

How the current housing market is affecting BRRRR deals and the art of making multiple offers

Becoming an “accidental millionaire” and how real estate wealth grows in the background

Building a small team, learning to outsource, and developing the “Who Not How” mentality

Real estate partnerships and how they can allow you to buy more properties using less money

Why you should always double-check you’re at the right house BEFORE doing a renovation

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

Listen to Our Interview with “Who Not How” Author Dan Sullivan

Use the BiggerPockets Calculators to Analyze Your Next Rental Property

Books Mentioned in the Show

BRRRR by David Greene

Who Not How by Dan Sullivan

Connect with Chad:

Chad's Instagram

Chad's LinkedIn

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-644

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

643: BiggerNews August: Will 3D Printed Homes Slash Housing Costs? w/Zachary Mannheimer Aug 02, 2022

A 3D printed house isn’t all that different from a traditional home—except they are stronger, faster to build, easier to maintain, and cost much less than your average “stick-built” home. These 3D printed homes can be printed in as little as two days, with a crew of only two workers, using much cheaper material than traditional builders use. Does this mean that a wave of ultra-affordable homes is about to hit the market, or is this still just a futuristic theory that may never come to fruition?

We’re back with this month’s BiggerNews, as we dive into the world of 3D printed houses, the future of building costs, and how the housing crisis could be quickly solved with printable and profitable homes. Zachary Mannheimer, CEO of Alquist 3D, is here to share his knowledge on how the construction industry is about to be severely disrupted. To Zachary, 3D printed homes could help millions of Americans who struggle to find housing, as well as make housing affordable for everyday workers.

Zachary’s team designs and builds 3D printed homes, and while it may seem a bit far off to most investors, Zachary thinks we’re only a few short years away from a takeover in how housing is built. With massive cost savings for developers, immediately accessible parts for maintenance, and some of the strongest materials used in construction, 3D printed houses aren’t just a replacement for traditional homes, they’re a complete upgrade.

In This Episode We Cover:

How does 3D printing work and the new way to build residential homes

The housing inventory shortage and how 3D printed houses could be the solution

Huge cost savings and how developers could build homes for far cheaper

Comparing 3D printed houses to traditional homes and which will win in the long-run

Whether cheaper homes could help or hurt landlords and real estate investors

Creating jobs, trade schools, and technical programs around 3D printing

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 More About 3D Printed Homes on This Week’s “On The Market” Episode

U.S. Housing Starts Fell Again In June—What It Means For Investors

Get Behind The Shine—A Weekly Textletter from David Greene

Connect with Zachary:

Zachary’s Team at Alquist

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-643

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

642: Private Money: What the Experts Warn Against Before You Lend (Or Borrow!) w/Beth Johnson and Alex Breshears Jul 31, 2022

Is private money lending the next best way to invest? To the everyday landlord, home flipper, or once-in-a-while investor, private lending seems completely foreign. Why would you lend money when you can put it into your deals? And even if you wanted to, wouldn’t it take millions, or at least a few hundred thousand dollars to get started? Surprisingly, private money lending is available to more people than you think, and it could be your next way to make truly passive income.

Alex Breshears and Beth Johnson were neither millionaires nor active investors when they started lending private money. Over time, they realized that they had grown relationships with active real estate investors, many of which always needed funding for the next deal. While swinging hammers and painting baseboards may sound fun to active BRRRRers or flippers, to Alex and Beth, the passive income that came in from private money lending was even better.

They’re now so ingrained in the world of private money lending that they’ve written the newest BiggerPockets book, Lend to Live, where they talk about how to build “hassle-free passive income” by lending private money. In this episode, they go over how a new investor can start lending, what to look out for in a lender when you need money for deals, and how even with a few thousand dollars, you too can start building truly passive income streams.

In This Episode We Cover:

How any investor can start lending money for a substantial profit

Why private lending has become more popular as investment funding becomes limited

Hard money vs. private money and why you should never confuse the two

What to look for in a private money lender and how to vet them before you invest

Protecting your money as a private lender and what you need to do to secure a return

Where private money lenders can find investors who are looking to invest

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 Private Money Lending is a Perfect Alternative to Active Investing

The Perks & Process of Becoming a Private Lender

Books Mentioned in the Show

Lend to Live by Beth Johnson and Alex Breshears

Extreme Ownership by Leif Babin

Cashflow Quadrantby Robert Kiyosaki

Psycho-Cybernetics by Maxwell Maltz, M.D

Connect with Beth & Alex:

Alex and Beth Email on Lend2Live

Beth's Email on Flynn Family Lending

Alex' BiggerPockets Profile

Beth's BiggerPockets Profile

Lend2Live

Flynn Family Lending

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-642

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

641: 15 Rentals in 1 Year (While Running 3 Businesses!) by Putting Time First w/Christian Bachelder Jul 28, 2022

Vacation rentals, real estate agent commissions, brokerage fees, insurance quotes, and everything in between just start to scratch the surface of who Christian Bachelder is. Some of you may have seen Christian before on our YouTube channel where he talks about interest rates, loan products, and other future financing projections. But today, Christian gets to talk about how he not only built a large rental portfolio but did so while running multiple businesses.

Even as full-time workers, many Americans feel like they don’t have enough time in the day to relax, let alone invest. So how does someone with a jam-packed schedule, a lot of pressure, and a mountain of responsibilities find time to not only buy one rental but fifteen rental properties in a year? To Christian, it took a bit of trial and error, but the answer is simply making your time as efficient as humanly possible.

He’s been able to heavily invest, start and run one of the top mortgage brokerages in the country, work as an agent, and provide insurance to clients as well. He drills down into what business owners and investors alike need to do to reclaim their time, and once it’s theirs, use it to the highest and best use. He also drops some financing pro tips that may help you lower the down payment you need or close with a better-than-average interest rate!

In This Episode We Cover:

Turning your referrals into full-blown businesses that can build your wealth

Why investors should always choose brokers, lenders, and agents who invest themselves

The velocity of time and why focusing on “return on time” beats ROI when investing

Creative financing and loan programs that can save you serious cash at closing

Partnering up to not only buy real estate but build businesses faster

How to get three times more work done in the same amount 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

BiggerPockets Short-Term Rental Calculator

Work with The One Brokerage on Your Next Loan

Books Mentioned in the Show

SOLD by David Greene

SKILL by David Greene

BRRRR by David Greene

Long-Distance Real Estate Investing by David Greene

Never Split the Differenceby Chris Voss

Connect with Christian:

Christian's Email

Christian's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-641

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

640: How to Buy Your First 3 Rental Properties (Step-by-Step) This Year! Jul 26, 2022

Knowing how to buy your first rental property can be the difference between you building a life of financial freedom or merely treading water working for active income. The life of a real estate investor isn’t glamorous, but it leads to generational wealth, time freedom, and the ability to do what you want, when you want, with who you want. The first step to becoming a real estate investor is buying your first real estate deal. This first step is where ninety-nine percent of people stop, but it’s where you will start.

Dave Meyer, VP of Data and Analytics and host of On The Market, has built a financial freedom-permitting property portfolio over the last decade. He doesn’t have thousands of units, but even with his medium-sized portfolio, he’s been able to travel the world, live abroad, and continuously build wealth. He’s here to teach you exactly how to do the same by buying your first, second, or third real estate deal in the next 365 days!

If you’re able to do so, you will see your life start to change before your eyes. Money will be easier to find, deals will come your way, and passive income streams will be dug in your direction. If you’re able to buy your first (or next) deal like Dave describes, put systems in place for future purchases, and slowly build a team around you, your dream rental property portfolio won’t be too far away.

In This Episode We Cover:

The 3 “Ds” of real estate investing and how to get over their obstacles

Why every smart investor continues to buy even in murky housing markets like today

Building the “LAPS” funnel that will send real estate deals your way

How to analyze a rental property for free using the BiggerPockets rental property calculator

The different types of ways you can buy real estate with no money down

Why the first three real estate deals matter more than most people think

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

Listen to Dave on The “On The Market” Podcast: Spotify, Apple Podcast, & BiggerPockets

BiggerPockets Agent Finder

BiggerPockets Deals for Sale

Already a Pro Member? Use Code “PRORENTAL” to Get All the Upgrades Mentioned in This Video

Books Mentioned in the Show

Real Estate By The Numbers by Dave Meyer

BRRRR by David Greene

Connect with Dave:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-640

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

639:Passive Income (Without the Properties!) by Investing in REITs w/Matt Argersinger Jul 24, 2022

REITs have long been a passive income generator for many who don’t want to deal with the trash, toilets, and tenants that come with rental property investing. No 2 AM phone calls, no listings, no showings, and no sales. With REITs (real estate investment trusts) you simply click a button, buy a share in the company, and wait for your passive income (dividends) to flow into your account. Seems pretty sweet right? Matt Argersinger from The Motley Fool agrees.

Matt isn’t your typical stock investor. He’s owned multiple rental properties and has even house hacked and put in some serious sweat equity. He knows that leverage and forced appreciation are huge wealth builders in the realm of real estate, but still chooses to invest in REITs instead of rentals. Why? Matt is focused more on creating passive income—as in TRULY passive income—no tenant surprises or maintenance calls to make. Matt wants to research, invest, and let his net worth grow, all while still receiving real estate-generated cash flow.

Maybe you’re skeptical. How can passive investing be so easy? If you’re brand new to REITs, Matt does a phenomenal job at explaining what they are, how they work, which types to buy, and what you can do to get started investing today. Regardless of your knowledge of the stock market, if you like income-producing real estate, this episode is for you.

In This Episode We Cover:

What are REITs (real estate investment trusts) and how they work

Why buy REITs instead of rentals, plus the benefits of both

Cheap REITs that are becoming undervalued as the stock market crashes

Mortgage vs. equity REITs and why higher cash flow could mean higher risk

The dangers of day trading and how long investors should hold onto REITs

The key metrics any investor needs to research before investing in a REIT

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 David on “Motley Fool Money”

Join the Real Estate Winners and Grow Your REIT Portfolio

Invest in Real Estate Without Leaving Your Computer

Passive Real Estate Investments vs REITs

Data Center REITs Are On Fire—Should You Invest?

Connect with Matt:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-639

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

638: Making a Profitable Pivot Out of Regular Rentals and into Vacation Investing w/Brian Davila Jul 21, 2022

Rental property investing is a great way to make cash flow, or so it seemed in the pre-2022 world. Interest rates are rising, home prices have skyrocketed, and rent can’t keep pace with this market. Brian Davila saw this in his portfolio and knew he needed to do something about it. Buying “traditional” rental properties wasn’t going to cut it, especially when the monthly cash flow was a measly few hundred dollars. How many houses would it take to grant him a life of financial freedom?

To most people, Brian Davila looks spoiled for choice. He’s a young guy, doing forty or so flips per year, bringing in big active and passive income checks. If you think that Brian can’t relate to the average investor, you’re wrong. Brain immigrated to the United States at just six years old, dropped out of high school in the ninth grade, and had his first child at nineteen. He was working at Las Vegas day clubs making ten dollars an hour before he decided to become a real estate agent.

After cold calling hundreds of sellers a week, Brian was able to grow his clientele and eventually become a top agent. The only problem? He had no time for his family. He made the switch to start flipping and buying long-term rentals but had to pivot once again to a different strategy that would make him more cash flow even as home prices rise. Brian knows what it takes to become very successful in real estate in a short amount of time, and if Brian can do it, anyone can.

In This Episode We Cover:

How to become a successful agent and why most people shouldn’t get their license

Transitioning from trading your time for money to letting your money give you back time

Brian’s biggest mistake when growing a fast-paced real estate investing business

Flipping forty homes a year and how to get around permitting pain points

Short-term rentals vs. long-term rentals and which will survive in 2022

Lowering your tax bill as a real estate investor and avoiding capital gains

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

BiggerPockets Podcast 616

Real Estate Rookie 113

How to Calculate Numbers on a Rental Property

Rob’s Video on The New Airbnb Redesign

Books Mentioned in the Show

SKILLby David Greene

SOLDby David Greene

Flip Your Futureby Ryan Pineda

$100M Offersby Alex Hormozi

Connect with Brian:

Brian's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-638

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

637: Private Money Explained: 5 Simple Ways to Find Private Money Today (Part 2) w/Amy Mahjoory Jul 19, 2022

Most new investors don’t know how to find private money for real estate. They think private money is only reserved for those with a Rolodex full of rich or well-off business people, investors, or relatives. Using this line of thinking, most real estate investors will simply buy a deal, save up for years, and do it again. If you want to get on the fast track to a respectable real estate portfolio—private money is the way to go.

But you don’t have to take our word for it. Amy Mahjoory, private money expert, is back on part two of her financing and funding masterclass. Amy has grown her real estate portfolio quickly, thanks to private money. On just her second deal she was able to pay for a significant portion of the property using her private lender. Now, she urges investors, no matter their experience level, to do the same.

This time, Amy walks through five strategies that any investor can use to connect with private money lenders today. These strategies are simple—so simple that almost anyone can use them and find success quickly. They don’t require lots of money, time, or experience, but you need to be aware of them next time you’re in a perfect situation to make your pitch. Try these five strategies today, and you may see your inbox flooded with private money offers!

In This Episode We Cover

Why raising private money is easy when you’ve built the right systems and strategies

Referrals and why word-of-mouth is one of the most powerful marketing tactics

Connecting with non-real estate-related professionals to raise money

How one small “investment” in attending an event can open you up to dozens of lenders at once

Building an online presence so you’re known, liked, and trusted by a large community

Hosting and attending meetups, no matter the industry or your experience, to find private money

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

Listen to Amy’s Part 1 Episode

Brandon Turner’s 4-Step “Viral” Formula That’ll Bring You Deals TODAY

Book Mentioned in the Show:

Raising Private Capital by Matt Faircloth

Connect with Amy:

Amy's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-637

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

636: Private Capital Explained: The 4-Second Pitch to Unlock Unlimited Funds (Part 1) w/Amy Mahjoory Jul 17, 2022

Raising capital for real estate is at some point what every investor must do. When you’re buying your first rental property, you can easily use your cash savings or a conventional loan to close on the property. But, on your second, third, fourth, or one-hundredth deal, finding the money (or financing) to get the deal done may start to get a little difficult. So how do you come up with the money to buy more rental properties, house flips, or commercial real estate, WITHOUT asking your parents, grandma, or friends for cash?

Amy Mahjoory has raised $20M from private money lenders, none of which are related to her (she makes sure of that). Think of Amy as a capital connector, getting to know as many existing, or potential, private money lenders as possible. We know what you’re thinking, “private money lending sounds complicated, don’t only big investors do that?” Think of a private money lender as anyone who has money, isn’t doing much with it, and wants to make more of it.

These lenders could be your taxi driver, your dentist, or maybe a friend of a friend. Private money is all around you, and if financing or cash reserves is what’s stopping you from doing more deals, we urge you to take the four steps that Amy outlines today. There’s a good chance you already know a private money lender!

In This Episode We Cover:

What is private money lending and why it’s so different from traditional financing

Building a reputation that’ll turn a stranger into a trusted lender quickly

The “four-second power pitch” that’ll land you lenders immediately

How to make your lending process legit and the documentation needed to do so

Addressing investor fear and how to make lenders feel confident in you

The key to open, honest, and powerful communication when talking to any potential lender

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

“On The Market” YouTube Channel

Access Brandon Turner’s Free Masterclass

How to Find Private Money Lenders and Finance Your Deals

10 Ways to Build a Reputation as Your Market’s Premier Real Estate Investor

Hard Money vs. Private Money

Books Mentioned in the Show

Raising Private Capital by Matt Faircloth

Rich Dad Poor Dadby Robert Kiyosaki

Connect with Amy:

Amy's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-636

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

635: How an "Average Joe" Can Build a Multimillion Dollar Rental Portfolio Jul 14, 2022

Building a rental property empire isn’t easy. Whether you dream of owning five, ten, or two hundred rental units, there is a way to get there—you just need to know what it is. It took Sam Primm seven years to figure out the smartest way to invest in real estate, and now he’s here to share it with you! Sam, like many people, didn’t hate his nine-to-five job but knew that being on some else's schedule wasn’t bearable for the rest of his life.

Sam partnered up flipping a few houses here, buying a few rental units there, and wholesaling for some extra cash. Three years into his real estate side business, Sam took the leap and went full-time into investing. Since then, he’s been able to buy over $20M in real estate, totaling his portfolio to a whopping $40M. This may seem unachievable to the average real estate investor, but Sam makes it clear that he isn’t special and is just a regular guy buying rentals.

Through his real estate tenure, he’s been able to define exactly what the average investor needs to do to scale their real estate portfolio. His “SCALE” system isn’t complex, but it will help you double, triple, or quadruple the amount of real estate you own in a very short amount of time. Itching to go full-time into investing like Sam did? Tune into this episode, he’ll show you exactly how he did it.

In This Episode We Cover:

What to know BEFORE you quit your job to go full-time into real estate investing

The “SCALE” system that allows you to grow your real estate portfolio faster

The best way to meet private money lenders, investing experts, and future partners

Getting your spouse on board the real estate investing train

Why fear is the most important feeling for new real estate investors

Using social media to grow your network so you can scale faster

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

“On The Market” YouTube Channel

Books Mentioned in the Show

Rich Dad Poor Dadby Robert Kiyosaki

Tractionby Gino Wickman

Connect with Sam:

Sam's YouTube

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-635

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

634: Why 2023 Will Be One of The Best Years Ever to Invest in Multifamily w/Matt Faircloth and Andrew Cushman Jul 12, 2022

Investing in apartment buildings may seem like a big jump to everyday real estate investors. Mom and pop landlords—used to buying single-family houses or duplexes—may see apartment buildings as far outside their reach. And this, for the most part, has been true over the past two years. With high competition, equally high prices, and syndication deals popping off every other second, regular investors haven’t been able to invest in large multifamily real estate—until now.

Andrew Cushman and Matt Faircloth started as solo-investors like most of us. But, over the past decade, they’ve both grown large multifamily portfolios, and know exactly how hard it's been over the past two years. They’re finally starting to see some cracks in the institutional armor of multifamily, allowing small-time investors to get deals while everyone else is fleeing from high interest rates and an oncoming economic downturn.

If you’ve been waiting to level up your investment portfolio, make big equity gains, and bring in massive passive income, then this is the episode for you. And, if you feel like you’re too new to invest, the BiggerPockets Multifamily Bootcamp, hosted by Matt Faircloth, will give you everything you need to go from onlooker to investor!

In This Episode We Cover:

Multifamily “tailwinds” that are making apartment investing easier in 2022 and 2023

The hidden opportunity of multifamily that most investors don’t pay attention to

How creativity became crucial in the real estate industry and using it to score better deals

Which multifamily properties are safe from an economic downturn and inflation

The seven ways that you can mitigate multifamily risk when investing

How to start building your multifamily strategy today so deals flow to you as competition thins

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

BiggerPockets Podcast 203

BiggerPockets Podcast 88

BiggerPockets Podcast 289

BiggerPockets Podcast 170

BiggerPockets Podcast 279

BiggerPockets Podcast 586

Book Mentioned in the Show

Raising Private Capital by Matt Faircloth

Connect with Matt and Andrew:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-634

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

633: Seeing Greene: Is My BRRRR a Bust If Cash Flow is Low? Jul 10, 2022

Cash flow is necessary when investing in rental properties. Cash flow grants you, the real estate investor, enough leeway to pay for your mortgage and taxes, and save up a healthy safety reserve for future renovations. For new real estate investors, cash flow is probably the single most important metric they look at, but it’s not always a great predictor of a good investment. If you want to truly build wealth, generate passive income, and retire early (or rich), start looking at the metrics David Greene is talking about.

Welcome back to another episode of Seeing Greene. Our cash flow creator, expert agent, and investor with decades of experience, David Greene, is back to answer your most asked questions. In this episode, we’re touching on topics like when to focus less on work and focus more on real estate investing, why low cash flow isn’t always a bad thing, what happens when an appraisal misses the mark, creatively financing home renovations, and how much every investor should have in safety reserves.

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 buying real estate in sprints is normal and when to lay off investing

The many metrics outside of cash flow that point to a great rental property

What to do when an appraisal comes back low and how to challenge an appraisal

The different ways to finance a home renovation and which will pave the way for more passive income

How much to keep in safety reserves if you’re buying your first rental property

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Find an Investor-Friendly Agent Near You

Apply for Your Dream Job at BiggerPockets

Leave a Review on Apple Podcasts

Should You Invest for Equity or Cash Flow?

How to Fund Rehabs and Renovations

Book Mentioned in the Show

SKILLby David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-633

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

632: The “Conveyor Belt” System That’ll Build You a BIG Rental Portfolio Quickly w/Jake and Gino Jul 07, 2022

Multifamily investing is a bit different than other types of residential real estate investing. When the economy begins to shift, and a recession is looming, multifamily real estate tends to drop in price. But, at the same time, more renters need a place to stay, or more importantly, an affordable place to stay, making multifamily apartments their go-to option. If apartment investing has ever interested you before, Jake Stenziano and Gino Barbaro make a strong argument why now may be the perfect time to get into the industry.

If you’re feeling deja vu, don’t worry, Jake and Gino have been on the BiggerPockets Podcast multiple times before. Each time they come on they bring new lessons, new deals, and a lot more units under their belt. Only a decade or so ago, Jake and Gino were busting their humps working at jobs and businesses that didn’t fulfill them. It took them a year and a half to buy their first deal, and now, they’re sitting on $175M worth of multifamily. That’s quite a lot of deals in just a decade.

Jake and Gino drop some gems in this episode, specifically on why 2022 may be a smart time to start investing, how to develop your “buy right” criteria, and preparing your exit strategies so you can build wealth, not just get rich once. They’ve learned a lot of multifamily investing lessons the hard way, so next time you’re presented with a killer deal, you don’t have to double down on their mistakes.

In This Episode We Cover:

Why you DON’T need to raise outside money to tackle big multifamily deals

How to hire the right people and get employees invested in your properties (literally)

The “buy right” framework and three pillars of real estate that every investor must understand

Why exit strategies are the most crucial part of investing and how to define yours

Managing properties the right way and how good property management can make or break a deal

The “conveyor belt” acquisition system that will fly deals your way (even when you’re not working)

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

BiggerPockets Podcast 182

BiggerPockets Podcast 266

Pizza Owner to 1,500 Units

Millionaire Couples

Books Mentioned in the Show

Small Giantsby Bo Burlingham

Scaling Upby Verne Harnish

The 7 Habits of Highly Effective Peopleby Stephen Covey

Connect with Jake and Gino:

Jake’s BiggerPockets Profile

Jake’s LinkedIn

Gino’s Linkedin

Jake and Gino’s Facebook Page

Jake and Gino’s LinkedIn

Jake and Gino’s Website

Jake and Gino’s Podcast

Jake and Gino’s Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-632

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

631: BiggerNews July: Rich Dad's CPA on How ANY Investor Can Avoid Taxes in 2022 w/Tom Wheelwright Jul 05, 2022

Everyone wonders how the rich avoid taxes. To most Americans, it seems like there is some big loophole that only the mega-wealthy know about, leaving average workers strapped with a large tax bill. Are the ultra-wealthy cheating the tax code, or are they onto something that everyday Americans simply don’t know about? Tom Wheelwright, author of Tax-Free Wealth and Rich Dad’s (Robert Kiyosaki) CPA is here to tell you how to take advantage of these big tax deductions that mystify small-time investors.

If you’re already investing in real estate, you’ll know that the tax deductions can be plentiful. You get mortgage interest, depreciation, maintenance, and insurance write-offs. But, even bigger than those, are bonus depreciation and cost segregation, which aren’t complicated tax strategies and can help almost any investor reduce their tax bill significantly. So what can an average investor like you do to get started saving on taxes?

Tom walks through the 2022 tax deductions that are decreasing this year, which to take advantage of immediately, how to find the right CPA for you, and which write-offs you may be missing. These tips could reduce your taxes by a significant amount, freeing up much more of your capital for future real estate deals!

In This Episode We Cover:

The disappearing tax deductions that every investor should take advantage of

How the wealthy avoid taxes by buying real estate and getting into debt

Renting vs. buying and which makes more sense in 2022 as affordability plummets

Using cost segregation and bonus depreciation to wipe out your tax bill

How to work with the government, instead of against it, to build wealth faster

The best 2022 real estate tax strategies that small or large real estate investors can implement

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Hear Our Past Interview with Tom on 5 Steps to Eliminate Income Tax

Listen to The Rent vs. Buy Debate on This Week’s Episode of On The Market

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

Books Mentioned in the Show

Tax-Free Wealthby Tom Wheelright

The Win Win Wealth Strategyby Tom Wheelright

Connect with Tom:

Tom's Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-631

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

630: Seeing Greene: Estimating Rent, “Amplifying” Cash Flow, and DIY Investing Jul 03, 2022

Look up “how to retire early” online and you’ll see some common prescriptions. You’ll hear investors talk about rental properties and index funds more than other options. This is for good reason since even as real estate investors there are ways we can go beyond the scope of buying rentals to amplify our wealth and set ourselves up for early retirement. This is also the exact question that one of our guests asks on this episode of Seeing Greene.

If you’ve ever wondered what you should do with your rental property profits after you’ve paid all your bills, whether or not to flip homes in 2022’s housing market, or simply how to get less nervous on the phone, then you’re in the right place. David Greene, host of The BiggerPockets Real Estate Podcast, runs through a series of different Q&A style submissions from new investors, experienced investors, real estate agents, and everyone in between.

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:

How to estimate rents on a potential income property and which room count brings in the most money

How to find an investor-friendly agent who will give you the local contacts you need

Whether to sell a rental property or keep it and cash-on-cash return vs return on equity

Live in flips and why flipping houses has gotten so much harder in 2022

Turnkey rental companies and whether or not to use one when investing from abroad

How to retire earlier by “amplifying” your rental property’s cash flow

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Estimate Rent Easily with The BiggerPockets Rent Estimator

Find an Investor-Friendly Agent Near You

How to Retire Early (From Someone Who Did at Age 27)

Book Mentioned in the Show

SKILLby David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-630

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

629: Brandon Turner’s 4-Step “Viral” Formula That’ll Bring You Deals TODAY Jun 30, 2022

To real estate investors and real estate investing enthusiasts, Brandon Turner is a household name. Not only has he written one of the most successful real estate investing books ever published (The Book on Rental Property Investing), but he also pioneered the real estate podcasting, social media, and blogging space. Funny to think that only a decade or so ago, this massively successful capital raiser, business founder, and CEO was painting rental properties, just trying to quit his soul-sucking job.

So how did Brandon do this so quickly, and what’s going on in the brain (and under the beard) of one of the most successful real estate investors on the planet? Surprisingly, Brandon doesn’t have some secret formula, world-changing analogy, or crystal ball. He simply did what he said he would do—look for deals consistently, make offers whenever he could, and close so he could move on to the next. If this sounds familiar to your situation, but you’re struggling to find success, you may find that his system is a little bit different from yours.

Brandon gives valuable insight into the “machine-building” he’s doing over at Open Door Capital, how he’s successfully growing his personal brand, and why real estate investing success should never be a surprise. If you’re a new listener to the show, it won’t be long before you realize why Brandon Turner was (and still is) one of the most beloved voices for building wealth.

In This Episode We Cover:

The four levels of entrepreneurialism and how to become the “architect” of your own life

Building a personal brand and finding confidence when creating content

The skills you need to grow a business and become the CEO

The five-point “viral formula” Brandon has used to raise millions of dollars

What it takes to be successful and how to create a machine that will find real estate deals for you

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Hear Our Interview with Jason Drees on Exceeding Your Goals

Should You Quit Your 9-5 Job to Become a Full-Time Real Estate Investor?

10 Challenges to Seriously Consider BEFORE Quitting Your Day Job

Grab Brandon's FREE Masterclass

Purchase Brandon Turner’s Best Selling Books

Stay Up-to-Date On Your Favorite Real Estate Podcast

BiggerPockets Podcast 543 with Gino Wickman

BiggerPockets Podcast 584 with Jonathan Greene

BiggerPockets Podcast 264 with Gary Vee

David's Newsletter

Brandon's Newsletter

Invest with Open Door Capital

Books Mentioned in the Show

Tractionby Gino Wickman

Rich Dad Poor Dadby Robert Kiyosaki

The Crisis Comfortby Michael Easter

Long-Distance Real Estate Investingby David Greene

Connect with Brandon

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-629

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

628: How Being a Quitter Will Make You a Millionaire Jun 28, 2022

Before you quit your job, you’ll need to do a few crucial things. If you haven’t done these yet, but are strongly considering leaving your job soon, Henry Washington and Rob Abasolo may advise you to wait it out a bit longer. Quitting your job is a big decision, especially if your family relies on the income that you’re bringing in. The good news is, that if you’re prepared, you can walk away making much more than you did at your W2. But, if you aren't, you could simply be taking a breather in between jobs, instead of building a life you love and ruling your schedule.

Henry and Rob both have eerily similar quitting stories. They both quit during the same month of the same year, making the same salary all while building a real estate investment portfolio in the background. While Henry is more of a multifamily investing man, Rob has taken the short-term rental route to build his wealth. Both men have left the cushy healthcare-provided and retirement-matching lifestyles to build something much bigger not only for themselves but their families and employees.

If you’ve wondered “when should I quit my job” or “is now the right time to go full-time into real estate investing?” then this episode is a prerequisite for you. Henry and Rob go over the four things you need to know BEFORE you quit, things to be aware of as a full-time entrepreneur, how to handle taxes and healthcare, and some actionable tips for when you’re finally ready to take the plunge into full-time investing.

In This Episode We Cover:

Why quitting a high-paying job is probably worth it in the long-run

Spousal approval when quitting and why it’s mandatory before you start doing your own thing

How much should you have in safety reserves when you quit

The “work-life balance” myth and what a day in the life of an entrepreneur really looks like

Changing how you invest after you say goodbye to consistent income

Mapping out potential scenarios so you know what to expect on the other side of employment

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Hear Our Interview with Jason Drees on Exceeding Your Goals

Should You Quit Your 9-5 Job to Become a Full-Time Real Estate Investor?

10 Challenges to Seriously Consider BEFORE Quitting Your Day Job

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-628

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

627: Seeing Greene: The Real Estate Winners and Losers Of The Next Recession Jun 26, 2022

Everyone has housing market crash predictions. Some media outlets will tell you the sky is falling, real estate is on the edge of a cliff, and the whole world is turning upside down. Meanwhile, investors who made it out alive during the great recession see an oncoming housing correction as an opportunity, not a warning sign. Ever since we saw wild home appreciation in late 2020 and beyond, everyday investors have been asking: when is our time up?

David Greene, real estate investing expert (also agent, author, and podcast host), knows that people will get hurt if an economic crash does happen. But, he also knows that investors who have kept their expenses lean, saved when they could, and taken care of their assets, will probably ride the tide just fine. In this episode of Seeing Greene, David will answer one of the most asked questions: where do we go from here? He’ll also touch on whether or not to give up earnest money in a bad deal, when to replace big systems like an HVAC that is on its last legs, how to calculate ARV, and why adjustable-rate mortgages could spell disaster in 2022.

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:

What will happen to real estate if the US economy enters a recession

Whether or not short-term rentals and vacation rentals are at risk

How to calculate ARV (after repair value) and get estimates without breaking the bank

The best exit strategies to have when investing in real estate

How much in emergency reserves should you have when buying a rental

Adjustable-rate mortgages vs. fixed-rate mortgages and which wins in 2022

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Is The Housing Market About to Collapse? What Investors Need to Know

Key Takeaways From the ’08 Recession That Apply Today

The Ultimate Guide to Quickly Estimating a Property’s ARV (After Repair Value)

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-626

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

626: How “Turnkey” Rentals Can Help You Build Real Estate Riches Faster w/Zach Lemaster Jun 23, 2022

Turnkey rental properties have become a fan favorite for rookie real estate investors and investors who don't have enough time to manage their rehabs and rental properties. Turnkey real estate is marketed as a way for real estate investors to buy a rehabbed property, often with tenants and management in place, leaving them with just rent checks to collect. One company, Rent To Retirement, has become one of the most popular places to find turnkey investment properties—and for a good reason.

Behind the helm is Zach Lemaster, former optometrist, and current real estate investor. After going through eight years of school, Zach was left with six figures in student loan debt and a job that required him to be on-site for the majority of his waking hours. Like most new real estate investors, Zach had hit a breaking point and realized he needed something else that could provide him income, without the time commitment.

After shelling out a large sum on a wholesaling course, Zach began using his assignment fee profits and salary from his job to buy rental properties. Every year he would buy more and more rentals, allowing him to finally scale into what he calls “turnkey commercial” (triple net) properties that give him sizable rent checks without any of the management headaches. Zach has a real estate investing path worth repeating, and he explains how he did all of it in this episode.

In This Episode We Cover:

How to use wholesaling to make extra cash to invest in real estate

The dos and don’ts of long-distance real estate investing (don’t make Zach’s mistake)

When to reinvest rental property profits so you can retire even sooner

The biggest challenges you’ll face when building a real estate portfolio

Turnkey rentals and why they’re a great option for busy investors

The importance of a great property manager and how a bad one can ruin your deals

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Mastering Turnkey Real Estate—How to Build a Passive Portfolio

6 Pros & Cons of Investing in Turnkey Properties

The Perfect Blueprint for Scaling Quickly in Real Estate

Subscribe to The Rent to Retirement YouTube Channel

Rent to Retirement

Books Mentioned in the Show

The Millionaire Real Estate Agentby Gary Keller

The E-Mythby Michael Gerber

Connect with Zach:

Zach's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-626

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

625: Live Takes: How to Tackle the Tax Man by Buying More Real Estate Jun 21, 2022

Every investor wants to know how to avoid taxes. Many rental property investors get into real estate for this reason alone. And it makes sense—rental property write-offs are not only common in the world of real estate investing but can be very lucrative in almost eliminating your yearly tax burden. So what happens when you feel like you’ve maxed out your real estate tax benefits? Is there a way to pump out even more tax advantages from the same property?

We’re back again with another Live Takes episode, where our hosts, David Greene and Henry Washington, do their best to answer the BiggerPockets community’s investing inquiries. Joining us are four investors each at different stages of their journeys. These investors ask about how to reduce self-employment tax, finding a mentor when you’re brand new to the investing game, what happens when partners disagree on where and what to invest in, and how to maximize depreciation on a cash-flowing property.

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

In This Episode We Cover:

How real estate professional status can greatly reduce your tax burden (if you qualify)

Why smart investors look at their income before buying their next property

The most valuable thing a new investor can bring to a mentor

How to know when to pivot investing strategies and the bright side of “shiny object syndrome”

What to do when you and an investing partner can’t reach a compromise

Building and buying depreciation so you can keep more of your cash flow

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Understanding Rental Property Depreciation

9 Simple Steps to Finding the Best Real Estate Mentor for You

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-625

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

624: Seeing Greene: How to Get Around High Down Payment Requirements Jun 19, 2022

You need a 20% down payment to buy a house, right? Most people assume that the standard down payment amount, 20% down, is the acceptable average when buying a rental property or a primary residence. But this isn’t always true, even for real estate investors. Many investors will spend years saving up just a single down payment amount, only to later realize that they could have bought multiple rental properties faster if they would have done less down. So before you put a big chunk of change into your next rental, listen up.

David Greene is back with another episode of Seeing Greene where he takes a multitude of questions from new and small real estate investors. There is an answer for everyone in this episode with topics covering down payment amounts, investing in US real estate while living abroad, new real estate agent tips, how to finance ADUs (accessory dwelling units), and retiring yourself (or your parents) with real estate investing!

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:

What type of rental property should you buy as your first real estate deal

How to dominate your market as a brand new agent and meet buyers and sellers

As a foreign investor, how can you get around the 35% down payment requirement

How to finance an ADU to increase cash flow on your rental property

Should you invest with your family if you haven’t done a deal yet?

Buying rental properties without having to save up a 20% down payment

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Get Your Tickets to BPCon2022

Work with David’s Team on Your Next Mortgage

Listen to Our Interview with Dan Brault

Books Mentioned in the Show

SOLD by David Greene

SKILL by David Greene

Finding and Funding Great Dealsby Anson Young

Long-Distance Real Estate Investingby David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-624

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

623: 10th Grade Dropout to 400-Unit Apartment Complexes (WITHOUT Raising Money) w/Sofia Castro Jun 16, 2022

Multifamily real estate investors almost always raise money for their deals, right? Some would call it almost impossible to try and build a huge real estate portfolio without borrowing money or partnering up to take down bigger properties. Sofia Castro, along with her husband, not only built a multifamily portfolio using their own money, but did so starting with a severe disadvantage.

Both Sofia and her husband were high school dropouts, living without much money, and practically no experience. A local entrepreneur took Sofia and her husband under his wing, teaching them both how to become leasing brokers. From there, they started building their entrepreneurial endeavor, eventually selling their business a couple of decades later for a whopping billion dollars.

With cash in hand and real estate experience under their belt, they began buying apartment complexes to flip them as condos. Once the recession hit, Sofia knew this was the wrong business to be in, so she pivoted heavily towards multifamily rental investing, specifically investing in “core deals”. Now, she has a streamlined process for finding deals, buying deals, and screening tenants. She gives some out-of-the-box, but highly useful tips on tenant screening, property management, and why “value-add” real estate isn’t all it’s chopped up to be.

In This Episode We Cover:

“Core deals” explained and why they often beat value-add properties

What are cap rates and why understanding them is crucial when buying multifamily

Condo conversions and the risk of flipping during downtimes in the economy

Tenant screening tips that will get you the best tenants who pay on time, every month

The right way to do property management and why you shouldn’t immediately outsource

How to buy in the right real estate markets, plus the metrics Sofia looks for when investing

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Steer Clear of Social Media Scams

Should You Self-Manage Your Properties or Hire a Pro?

The Beginner’s Guide to Buying Your First Multifamily Property

Should You Raise Private Capital for Your Next Investment Project?

Books Mentioned in the Show

ABCs to Real Estate Investing by Ken McElroy

Think and Grow Richby Napoleon Hill

Connect with Sofia

Sofia's Instagram: @officialsofiacastro

Sofia's LinkedIn

Sofia's Facebook

Sofia's Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-623

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

622: 7 Expert Negotiation Tactics That Will Put a Buyer/Seller/Tenant on Your Side Jun 14, 2022

The secrets to negotiation are often simpler than you think. There’s no double-talk, bribing, or harshness necessary to get what you want. If you know what the other side wants (which you probably do already), you’ll most likely have enough to negotiate successfully. So why aren't most people winning negotiations? Well, when everyone is buying or selling to get the most they can, it’s often the people who create wins for their opponents that come out on top.

David Greene would know this. He’s one of the top real estate agents in the country and is the host of the biggest real estate podcast around (that’s us!). His new book, SKILL: A Top-Producing Agent’s Guide to Earning Unlimited Income, is more than a handbook for real estate agents. This book also details how almost anyone investing in, buying, or selling real estate can win negotiations easily.

David spends time today outlining the seven negotiation tactics he has used in the past to lock down deals for buyers, sellers, and himself. You’ll hear real-world examples of when David and co-host Rob used these tactics in their own investments plus exactly how to formulate each of these tactics so you can ultimately get what you want.

In This Episode We Cover:

Price anchoring and how adjusting a baseline can secure a quick win early in a negotiation

Staying likable, yet stern, in a negotiation so the opponents want you to win

Persuading opponents that your desired outcome is actually in their best interest

Redefining the value you bring and showcasing it in an undeniable way

Building a negotiation scarecrow that becomes the enemy (so you don’t!)

Reigning in FOMO when working with buyers or sellers in a hot housing market

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

3 Not-So-Obvious Secrets to Masterful Real Estate Negotiation

Invest with David

David’s Ted Talk on Building Skills

Books Mentioned in the Show

SOLD by David Greene

SKILLby David Greene

BRRRR by David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-622

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

621: Seeing Greene: Is Paying Off My Mortgage Early a Mistake? Jun 12, 2022

Paying off your mortgage early—to some people, this sounds like a dream scenario. But to others, it could be a cash-tastrophe. We can already hear real estate investors yelling out “always use leverage”, “what about the low interest rates!?”, and “you can scale so much quicker!” Like many real estate investors, David Greene knows the power of leverage and loans to buy rental properties faster. But, it’s safe to say that for some people, paying off a property or buying a home in cash may be a much smarter move.

Welcome back to another episode of Seeing Greene where David answers questions directly from BiggerPockets listeners and viewers on YouTube. This time around, we have some seriously useful questions being answered for the new investor. These questions range from when to take out a loan and when to pay off a property, how to get started in real estate in your early twenties, how to build more cash flow as your expenses increase, how to get a HELOC on your rental property, and how to raise money for a down payment. All these questions (and more) are coming up!

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:

Weighing the pros and cons of leverage when investing in real estate

How to start investing in real estate without a ton of money or experience

Why it’s so difficult to get HELOCs (home equity lines of credit) on rental properties

Real estate bookkeeping and how to keep all your accounts up to date

How to finance your down payments so you can buy rental properties faster

Getting preapproved for a mortgage even if you have a 1099 income

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Get Your Tickets to BPCon2022

Work with David’s Team on Your Next Mortgage

Books Mentioned in the Show

SOLD by David Greene

SKILL by David Greene

The House Hacking Strategy by Craig Curelop

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-621

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

620: Ed Mylett Foresees Huge Opportunity for “Small Investors” in 2022 Jun 09, 2022

Ed Mylett knows the housing market. He’s participated in real estate investing for decades and has become wildly successful thanks to his tenacity, relationship-building skills, and creativity when getting deals done. But, funnily enough, Ed Mylett isn’t most well known for his real estate investor prowess—he’s known for his mindset-shifting, world-changing ideas when it comes to personal development, discipline, and entrepreneurship.

In Ed’s newest book, The Power of One More, he talks about the small tweak that anyone can make to become many multiples more successful. In essence, every extra push-up, cold call, and hug to your spouse or child is the exact thing that puts you above the rest. It’s not about putting in the effort, it’s about putting in more effort than the average person would. This not only applies heavily to real estate investing but to any goal we set.

David and Rob get the opportunity to talk to Ed about his book as well as his sentiment towards today’s housing market and what deals he’s doing in the background. You may be surprised to hear it, but Ed is incredibly bullish on real estate investing for a few good reasons. He gives a simple yet incredibly practical explanation for why this year is surprisingly the best time to get into real estate investing in a long time.

In This Episode We Cover:

How the power of “one more” can change everything about your life

Why committing to your standards is arguably more important than goal setting

How collective psychology is driving the market to new places (and how to escape its grasp!)

Why investors must start “evaluating their income streams” instead of just their properties

The “most crazy deal” Ed has ever done and why it’ll be a first of its kind

Building the confidence you need to accomplish your dreams and create a life you love

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Check Out the “On The Market” Interview with J Scott

6 Things You’ll Need When Getting Into DIY Landlording

Start Landlording Smarter with Avail

BiggerPockets Podcast 433

BiggerPockets Podcast 600

The World’s Least-Followed Investment Advice (& How it Can Make You a Millionaire)

6 Empowering Strategies to Conquer a Paralyzing Fear of Failure

Books Mentioned in the Show

The Power of One More by Ed Mylett

Nothing Down by Robert Allen

Connect with Ed:

Ed's YouTube

Ed's Instagram

Ed's Podcast

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-620

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

619: BiggerNews June: Why "DIY Landlords" Will Win in a Recession w/Laurence Jankelow Jun 07, 2022

What do DIY landlording and inflation have to do with each other? Surprisingly, much more than you would think. As the year progresses and the housing market stays hot, more real estate investors are having trouble finding cash-flowing deals. At the same time, the tenants in those properties are seeing the price of their gas, groceries, and rent shoot up. Are tenants going to be left with enough money to pay rent every month? And if not, what will everyday landlords do to keep their properties?

These questions are best left to someone who not only has experience owning and managing rental properties but helping others do the same. Laurence Jankelow, co-founder of Avail, one of the leading property management software picks, is here to talk about the future of the DIY landlord, especially in 2022. Laurence has seen the trends on who’s increasing rent, who’s not, and how many cash-flowing deals are on the table.

Laurence, David, and Dave all take time to debate what the next year will look like for landlords and renters alike. If there is a recession around the corner, how can investors keep themselves in a strong position? What is the first expense new landlords should cut if their cash flow starts to dwindle? And what real estate trends are we seeing in today’s market that you can get ahead of? All these questions (and more) are answered in this month’s BiggerNews episode!

In This Episode We Cover:

Are we heading towards a recession, and if so, how do we prepare?

How software like Avail has made “DIY Landlording” the standard for new investors

The biggest challenges investors will face in 2022 and how to combat them

How would a recession affect the housing market (even as demand is high)

The best money-saving tips for DIY landlords and real estate investors

Inflation’s effect on asset prices and pivoting in your investing strategy

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Check Out the “On The Market” Interview with J Scott

6 Things You’ll Need When Getting Into DIY Landlording

Start Landlording Smarter with Avail

Laurence's BiggerPockets Profile

Book Mentioned in the Show

Rich Dad Poor Dadby Robert Kiyosaki

Connect with Laurence:

Laurence's Email

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-619

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

618: Seeing Greene: Is My Property Manager Skimming Off the Top? Jun 05, 2022

Property management is a crucial part of your real estate investing business. They make repairs, take tenant calls, and most importantly, collect rent. But what happens when your property manager stops contacting you, forgets to send signed leases, and doesn’t send you your rent checks? When is it time to start worrying and how do you go about asking a property manager for your money back?

Welcome back to Seeing Greene, where your expert investor, agent, lender, and podcast host, David Greene, answers some of the most commonly asked real estate investing questions. In this episode, we take both video and written submissions and throw them at Dave to get his time-tested take. You’ll hear questions like, whether to pursue a business or buy rental properties, when to sell an investment property to reinvest profits, how to look for joint venture partners, and what to do when you’re concerned about your property manager’s performance.

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:

When to start a business or buy a rental property (and how to do both)

Why ROE (return on equity) beats ROI (return on investment) in 2022

What to ask a potential partner to see if they’re a good fit for a joint venture deal

How to score lower interest rates on mortgages as a self-employed investor

When and which rental property repairs to prioritize after a home inspection

What to do when you suspect a property manager may be skimming off the top

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Get Your Tickets to BPCon2022

Stay Tuned for Our Upcoming Episode with Ed Mylett

Attend a David Greene Meetup

5 Red Flags to Watch For When Hiring a Property Manager

Book Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-618

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

617: Why Every Great Investor Should Ask, “What Pisses Me Off?” w/Rich Fettke Jun 02, 2022

Single-family rentals are where most real estate investors start. In one way or another, a new investor realizes that there is more to life than just their job. They save up, get educated, and buy their first rental property. Those who do well repeat the process, slowly growing their portfolio to double-digit numbers. But, at a certain point, they realize they can’t go any further with the system they’ve set up for themselves. What should they do?

Rich Fettke, co-founder of Real Wealth, and author of The Wise Investor, fell into real estate accidentally. Over the years he’s had to fine-tune his system, scale his team, and learn how to become not only a successful investor but a successful leader. Now, he runs one of the premier real estate investing websites on the internet, manages three syndications per year, and still individually invests in rental properties.

Thanks to his track record of more than two decades, he knows what does and doesn’t work when trying to scale your real estate portfolio. Most importantly, Rich knows who to hire onto your team so you can continue to build wealth, without having to do all the work yourself.

In This Episode We Cover:

Where new investors should look to purchase their first investment property

How to scale from single-family rental properties to syndication deals

Why most investors “trap” themselves without a scalable team

Turning challenges into adventure and shutting down the “inner gremlin”

Asking yourself, “what pisses me off?” when defining your company’s core values

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Real Wealth Network

The Simplest Way to Successfully Scale Your Business

Syndications—Everything You Need to Know BEFORE You Invest

Books Mentioned in the Show

Think Again by Adam Grant

The Book on Rental Property Investing by Brandon Turner

The Wise Investor by Rich Fettke

BE 2.0 (Beyond Entrepreneurship 2.0) by Jim Collins

Connect with Rich:

Follow Rich on Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-617

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

616: Making Money in The Metaverse and The Future Of Digital Real Estate w/Ryan Pineda May 31, 2022

If you’ve heard of digital real estate, there’s a good chance you’ve watched one of Ryan Pineda’s videos. Ryan is a leading figure in the world of real estate investing not only in the Las Vegas, Nevada area but throughout the interwebs. He got started flipping homes and eventually scaled his business up to 100 flips per year! Since then he’s branched off into multiple different real estate-related business ventures, but his newest one may be the most revolutionary.

During the lockdowns of 2020, Ryan began to research blockchain, cryptocurrency, and decentralized finance. He saw the way that the world was moving and realized it would only be a short amount of time until real estate transactions were regularly done on the blockchain. This dip into DeFi piqued his interest, so he began researching, investing, and putting more of his time into virtual and digital real estate research.

Ryan makes a strong case as to why most real estate services will move over to a blockchain model, and those that don’t will be left in the dust. Most of what Ryan preaches isn’t just speculation—it’s happening right now in the real world. If you want to get ahead of the curve, or just finally understand what an NFT is, Ryan is the guy to listen to.

In This Episode We Cover:

Starting businesses that help scale and optimize your rental property portfolio

How blockchain could end the title company industry and what investors need to know

Raising private capital and selling properties with decentralized finance

NFTs and using them to split shares/ownership in a real estate syndication

Combining digital and physical real estate investments for maximum diversification

What a blockchain beginner can do to get their start in the virtual investing world

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

BiggerPockets Real Estate Podcast 292

BiggerPockets Real Estate Podcast 407

What Are NFTs and Why Should Real Estate Investors Care?

Watch Our Video on Investing in Virtual Real Estate

Connect with David:

Connect with Rob:

Subscribe to Ryan’s YouTube Channel

Connect with Ryan:

Ryan's Website

Ryan’s “Tykes” Project

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-616

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

615: Seeing Greene: Lucrative Lot Splits & Lowering Your Liability as a Landlord May 29, 2022

Rental properties come in all shapes and sizes. You may be investing inshort-term rentals, long-term rentals, glamping sites, or, maybe you’re trying to help someone else buy a rental property. Regardless of where you choose to hang your hat on the real estate investing spectrum, David Greene probably has a golden nugget of advice for your next purchase, sale, or client.

In this week’s episode of Seeing Greene, David takes questions from investors, agents, wholesalers, and more to help answer some of the most common real estate inquiries. You’ll hear topics such as: whether or not a special use permit will increase property value, when to sell and when to refi a rental property, whether or not each separate short-term rental needs its own LLC, and why David stopped looking for under-market properties and started looking at something else entirely.

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, orfollow 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

When to hold a property at a great interest rate and when to sell or refi

What it means to “ethically wholesale” and getting deals while helping a seller

Lot splitting and the implications it could have on your taxes, insurance, and equity

How to succeed in a new market as a real estate agent and dropping “hooks” whenever you can

When to put your property in an LLC and whether or not each rental requires its own

Whether or not landlords are making the housing market unaffordable for average homebuyers

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Listen to Our “Ethical Wholesaling” Episode with Jamil Damji

Books Mentioned in the Show:

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

Long-Distance Real Estate Investing by David Greene

Sold by David Greene

Skill by David Greene

Connect with David:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-615

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

614: The Cash-Flow Boosting Businesses that Savvy Real Estate Investors Own w/Codie Sanchez May 26, 2022

Knowing how to buy a business is a lot like knowing how to buy a rental property. First, you’ll need to know the price of the asset, then the cash flow, followed by expenses, and finally the structure. Because buying real estate is perceived as “simpler” than buying a business, most investors decide to go the real estate route—but they could be missing out. Codie Sanchez saw this opportunity when she was working in venture capital and decided to try out the business buying route herself, just on a smaller scale.

Codie can be perceived as your classic “value-add” investor, which much of the real estate investing community can relate to. She finds a business that has a strong foundation but lacks the tech or marketing to grow faster or increase its profits. When a business has a strong underlying value, just like a rental property, it’s easier than most people think to “renovate” it into something that will sell for far higher.

Codie stresses that buying businesses isn’t so different from buying real estate. She also categorizes which businesses real estate investors should buy if they’re looking to maximize their cash flow and minimize their expenses. With some help from Codie, you could be relying on much more than just rent checks soon!

In This Episode We Cover

What a “value-add business” looks like and how to find undervalued businesses

Evaluating and analyzing a business purchase and which key metrics to calculate before making an offer

Buying off-market businesses and why most business owners never consider selling (until you ask)

The three questions every investor MUST ask before buying a business

Buying instead of building and how trying to build a business can cost you much more than just money

Becoming the business owner, not the operator, and outsourcing everything you can

And So Much More!

Links from the Show

Hear Codie’s Interview on The BiggerPockets Business Podcast

How to Use the DISC Profile to Communicate Effectively in Business

“Contrarian Thinking” Newsletter

Quiet Light

BizBuySell

Empire Flippers

Connect with David:

Connect with Rob:

Connect with Codie:

Codie's Twitter

Codie's Instagram

Codie's TikTok

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-614

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

613: 6 Bite-Sized Steps to Buying Your First Rental Property May 24, 2022

Buying an investment property is a lot like exercising. At first, you don’t know any of the verbiage, then you start learning the tools, and finally, after some repetition (and help from those around you), you can become a real estate (or jiu-jitsu/weight lifting/yoga) expert! Think of David Greene and Rob Abasolo as your spotters for today’s deep dive into buying a rental property. Their advice will help you lift the weight, even if you feel uneasy at times!

David and Rob, unsurprisingly, started out like everyone else in thereal estate investing space. They had no deals, no experience, and not a lot of money. But, over the past decade, both have become experts in their specific investing niches—through trial and a lot of error. Now, they bring you more than a decade worth of combined experience so you can stop hesitating and start taking action.

If 2022 is the year for you to start building wealth and pave your path to financial freedom, then this is THE episode to listen to. David and Rob discuss the five most common rookie real estate mistakes and six bite-sized steps that will allow you, no matter your experience, to buy your first, or next, real estate deal. They’ll also give a full walkthrough on how to analyze a real estate deal, plus a special bonus that will allow you to hyper-accelerate your growth in the real estate investing world!

In This Episode We Cover

The two biggest hurdles that stop people from ever investing in real estate

The wealth-building “pillars” that all investors must know before they start investing

Five common mistakes that almost every real estate rookie will face

Why new investors should “commit” before they start educating themselves

Using your network around you to find real estate leads, financing, and contractors

How to analyze a deal for free using the BiggerPockets Rental Calculator

And So Much More!

Links from the Show

Invest in David and Rob’s Next Property

Get a Special Discount on BiggerPockets Pro Using Code “REPOD22“

BiggerPockets Calculator

Hear Our Episode with Rent By the Room Expert Todd Baldwin

Watch David’s Interview with CNN on Rising Interest Rates

Work with David’s Team at The One Brokerage on Your Next Home Loan

Connect with David:

Connect with Rob:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-613

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

612: Seeing Greene: Is a Headache Seller Worth Losing a Deal Over? May 22, 2022

Cash flow and appreciation are at opposite ends of the investing spectrum. One will fuel your current lifestyle while the other will slowly, silently build your long-term wealth. The cash flow vs. appreciation debate has gotten even stronger this year as home prices continue to rise and cash flow prospects dwindle in formerly stable markets. Is there a way to still get the benefits of long-term growth while also taking home a sizeable rent check?

If there’s one man to ask, it’s your host, David Greene, who’s joining us for another episode of Seeing Greene. David knows a thing or two about buying for different purposes, in different market conditions, with different exit strategies. He’s not only asked about how to do this on today’s episode, he’s also asked questions like who should be on the mortgage when buying a rental with a partner, whether to sell or refi a rental, what to do when your DTI (debt-to-income) ratio is too high, dealing with difficult sellers, and how to get comfortable with being uncomfortable.

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, orfollow 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

How to split title and mortgage costs when investing with a spouse or partner

Whether to focus on one market or several markets with different benefits in each

When to sell or refi a rental property (especially if interest rates are rising)

How to purchase your next primary residence AFTER you’ve quit your W2 for real estate

Dealing with difficult sellers and how to “convince” them to accept your offer

Why being uncomfortable when investing is a sure sign of growth

And So Much More!

Links from the Show

How to Use a HELOC to Buy Real Estate

How to Embrace the Uncertainty of Change & Make Your First Deal

Cash Flow vs. Appreciation—What Experienced Investors Know That You Don’t

Work with The One Brokerage For Your Next Mortgage

Book Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Connect with David:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-612

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

611: Using a "Miserable" Job to Fuel a Fast-Growing Flipping Portfolio w/Jason Pritchard May 19, 2022

House flippingis a very potent form of investing. After just one fix and flip, many investors find themselves hooked, leaving their stable jobs for the profit (and rush) or finishing another flip. This happened quickly to Jason Pritchard, flipper and rental property investor in central California. Jason was working at a sales job he hated and after watching one of the many famous HGTV flipping shows, thought, “Hey, I could do that!”

He gave it a try, using his life savings and retirement funds available to him. It was a success, so he decided to scale up. One flip grew to a few, and now, Jason's team does over seventy-five flips and wholesale deals per year! This incredible volume didn’t happen overnight—it took Jason seven years to go from W2 worker to one of the best flippers in the state! And it’s not just flipping Jason is after. He’s been able to grow a massive rental property portfolio, some eighty-three units, at the same time!

You’re probably wondering how Jason did this so fast. Worry not, as he details every step from how he finds leads, builds a team, pays the taxman, and even compensates employees. If you’re trying to get your foot into the flipping door, Jason’s story should inspire you to do almost exactly what he did.

In This Episode We Cover

Using the skills from your job and translating them to make real estate riches

Building a business and the most important step most flippers/wholesalers skip

Funding your flips and why paying taxes might be a good thing when it comes to financing

How to find employees that will grow with your business, even if you feel like you “can’t” hire just yet

Private money lenders and using them to scale your business even bigger

And So Much More!

Links from the Show

Invest in David and Rob’s Next Property

How to Flip a House & Make a Profit

How to Build a Highly Effective Real Estate Team

How I Find Private Money Lenders to 100% Fund My Deals

Books Mentioned in the Show:

The Go-Giverby Bob BUrg

Think and Grow Rich by Napoleon Hill

Connect with David:

Connect with Rob:

Connect with Jason:

Jason's Instagram

Jason's Facebook

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-611

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

610: Live Takes: The 5,000 Mile Away BRRRR (REALLY Long-Distance Investing) May 17, 2022

Building a house vs. buying a house—which makes more sense for today’s investor? With home prices rising faster than many of us have ever seen before, more and more real estate investors are asking whether or not building their rentals is a smarter idea. And who can blame them? Building a rental property can seem like a great way to minimize acquisition costs, but this is only true in certain circumstances, which many investors just won’t fit into.

Welcome to Live Takes where Henry Washington, investor and On The Marketguest host, joins David Greene for a live real estate Q&A. David and Henry invite four investors onto the show today to talk about each of their passive income predicaments. These topics include buying vs. building a home, how to get out of a bad BRRRR, whether or not it’s too late in life to invest in real estate, and how to invest out-of-country.

Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene or Live Takes. 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. building rental properties and which decision makes sense for which investor

What to do when you go over budget on a rehab, flip, or BRRRR investment

How to invest and scale a real estate portfolio when getting started later in life

Whether to invest long-distance or stick it out in your local market

Mitigating riskand keeping your cash flow rolling when stuck in a bad deal

How to finance land purchases and using a backwards BRRRR method to do so

And So Much More!

Links from the Show

5 Ways to Avoid Going Over Your Flipping Budget

Is it Better to Build New or Renovate Existing Homes as an Investor?

David Greene | BiggerPockets

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-610

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

609: Seeing Greene: Gift Funds, Crash Indicators, and Problems with Partnerships May 15, 2022

Why can’t I use gift funds on my down payment? What are the common housing market crash indicators that real estate investors should look out for? And why does David only invest with the short-term rental king, Rob Abasolo? If you’re joining us today for this episode of Seeing Greene, you’ll hear answers to all these questions and more!

David takes some time out of his day to sit down and answer arguably the most hard-hitting, specific questions we’ve had to date on an episode of Seeing Greene. These questions include how to find synergy between your career and your investing goals, how to not cross the line when working with multiple agents, the best ways to purchase real estate with no (or low) money down, and why David rarely partners up on real estate deals.

Some of these questions may hit home for you, as most of today’s guests are either rookie real estate investors or young professionals looking to get their start in investing.

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

In This Episode We Cover

How to "explode" as a real estate investor working full-time in a related field

Working with multiple agents in a market without crossing the client-exclusivity line

Purchasing small multifamily deals with no and low money down

How to get around the “gift funds” rule for rental property mortgages

The telltale signs that lenders are seeing a housing crash on the horizon

The problem with real estate partnerships and how to prepare to be in one

And So Much More!

Links from the Show

Work with David as a Loan Officer

Real Estate Rookie Podcast 73: Partnerships—What to Do Before You Jump in With Another Investor

Books Mentioned in the Show:

The Book On Investing in Real Estate with No (and Low) Money Down by Brandon Turner

SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business by David Greene

The Millionaire Real Estate Agent by Gary Keller with Dave Jenks and Papasan

Connect with David:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-609

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

608: The “Golden Trio” Every Real Estate Investor MUST Have to Truly Profit First w/David Richter May 12, 2022

The Profit First system was revolutionary when introduced by Mike Michalowicz. In simple terms, Profit First allowed small business owners to take home bigger paychecks, reinvest in their business, and scale with ease, oftentimes while doing even less. The age-old adage of “do more work, make more money” was turned on its head by simple accounting practices. In reality, the business owners who were doing the most work were making the least, while business owners who truly knew their numbers worked less, made more, and had more money to invest.

After reading Profit First, David Richter knew that this same system could be applied to real estate investing. David grew a rental portfolio himself by learning from a local mentor. This mentor had a growing team, a scaling business, but was making less and less with every deal done. As David investigated more real estate investors’ businesses, he found that this wasn’t an isolated case. Most investors were making low wages, working far more than at the jobs they had quit, and had inflated businesses, to say the least.

With some simple accounting practices, which David describes in this episode, real estate investors can turn their business into Profit First powerhouses using very simple steps. If you’ve been feeling burnout from a barrage of deals, but aren’t seeing the profit you’ve worked so hard for, you’ll want to pick up David’s new book, Profit First for Real Estate Investing!

In This Episode We Cover

The Profit First formula and why most real estate investors calculate profit all wrong

The biggest mistake that real estate rookies make when starting their businesses

Why more deals doesn’t automatically equal more money in real estate

The rockstar team member that can make or break your business

The “golden trio” of accounts that every investor should have set up

Redefining the “pay yourself first” method of making money

And So Much More!

Links from the Show

Invest in David and Rob’s Next Property

David’s Free Giveaway for BiggerPockets Listeners

Our Interview with “Profit First” Author, Mike Michalowicz

Books Mentioned in the Show:

Profit First for Real Estate Investing by David Richter

Lifeonaire by Steve Cook

Rich Dad Poor Dad by Robert Kiyosaki

Profit First by Mike Michalowicz

The Road Less Stupid by Keith J. Cunningham

The Book on Rental Property Investing by Brandon Turner

The Book on Managing Rental Properties by Brandon Turner

Connect with David:

Connect with Rob:

Connect with David Richter:

Simple CFO Solutions

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-608

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

607: Multifamily Q&A: How to Start, Scale, and Succeed in Apartment Investing w/Andrew Cushman May 10, 2022

Is multifamily real estate investing as complicated as investors make it out to be? If you’re Andrew Cushman of Vantage Point Acquisitions, you’d probably argue that although multifamily has a bit more complexity than single-family rentals, it’s still, by all means, profitable for the everyday investor.

In the early 2000s, Andrew didn’t know anything about pro formas, apartment underwriting, or the best type of mulch to use on large-scale landscaping. Now, more than a decade later, Andrew has been able to lead his team in acquiring, syndicating, and repositioning over 2,500 multifamily units. He’s here with David Greene to answer live questions surrounding anything and everything related to multifamily investing. He gives stellar takes on the current state of the market, how rising interest rates will affect multifamily investing over the next few years, and the best way to increase your ROI (return on investment) on a multifamily acquisition.

You don’t need to be a large-scale apartment investor to take away some golden nuggets from this episode. Even if you’ve never thought of investing in multifamily, Andrew frames multifamily in a way that’ll have you wondering, “could I buy that apartment down the street?”

In This Episode We Cover

The five most important factors to understand when looking at a multifamily deal

Multifamily debt and equity, plus how they dramatically differ from single family rentals

How to use pro forma calculations when underwriting a deal and protecting yourself from overinflated profit numbers

Whether or not today’s rising interest rates will cause a sell-off of multifamily properties

The easiest improvements that will dramatically boost your ROI on a multifamily property

What rookie investors get wrong about finding good deals in today’s market

And So Much More!

Links from the Show

The 3 Cs to Achieving Success as an Investor

BiggerPockets Podcast 170: The Journey From Flipping Houses To Owning 1470 Units

BiggerPockets Podcast 279: How to Find Overlooked Opportunities in a Hot Market

BiggerPockets Podcast 586: The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals

BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal

Book Mentioned in the Show:

Raising Private Capital by Matt Faircloth

Connect with David:

Andrew’s BiggerPockets Profile

Connect with Andrew:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-607

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

606: Seeing Greene: The “Base Hit” Rental Properties That Will Make You Rich May 08, 2022

If you’re looking to buy rental properties, build a real estate portfolio, and level up your wealth?—you’re in the right place. But, as the housing market stays red hot, it can be a struggle for both new and old investors to know where to look for their next cash flow or appreciation play. Do you stick with on-market properties that may be easier to come by but with serious competition, or do you go the off-market property route and look for distressed, yet overlooked properties.

Get answers to this question (and many more) on this episode of Seeing Greene, with your host, David Greene. As always, David takes questions from you, the listeners, to answer some 2022-specific and age-old questions about rental property investing and real estate as a whole. Topics of today’s show include classics like buying new construction vs. an existing rental property, how to invest within your retirement accounts, on-market deals vs. off-market deals, and why certain properties stay on the MLS for so long.

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 for appreciation vs. cash flow in today’s fiercely competitive housing market

How to invest in real estate even if you’re well into retirement

The three main reasons that a property will sit on the MLS for months

When to quit your job and go full-time into real estate investing (and how to set yourself up for a successful departure)

The 1031 exchange and how it works to defer taxes for rental property investors

Using built-up equity to invest in more cash flow and higher appreciation

And So Much More!

Links from the Show

BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks

BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors

Seeing Greene: Questions from BiggerPockets’ Best and Brightest (Episode 600!)

Seeing Greene: Should You Pay Off Debt or Invest in Real Estate?

Seeing Greene: FHA Loans, Cash Flow Shrinkage, & Bidding $200k Over Asking

10 Actionable Steps Anyone Can Follow to Buy a Rental Property

81 Units in 3 Years: All On-Market with NO Bank Loans w/Cody Davis

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-606

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

605: More Problems, More Money & Why Investors Should Search for Fresh Headaches May 05, 2022

How many rental units do you want? Depending on who you ask, the number of rental properties can differ dramatically. A young investor may be looking to scale their portfolio quickly, eyeing ten, fifteen, or even one-hundred units. But, for a veteran real estate investor, who may already have a three or four-figure portfolio, the optimal rental unit count could be none at all—they may purely want passive income.

Christian Osgood knows this all too well, and it’s how he’s grown a seventy-one-unit portfolio in such a short amount of time. As half of a dynamic investing duo, Christian and his partner Cody Davis know that the first place to look for a deal is within someone’s goals. Unlike most off-market deal hunters, Christian and Cody don’t blatantly ask a seller if they’re willing to part ways with their property. They do something much different and a bit unorthodox.

Christian and Cody have grown a massive multifamily portfolio in an impressive amount of time. Christian walks through the reasons why this partnership works, how they divvy up their roles, and why new investors should learn to love new problems, not cower in fear over potential pit-stops on their wealth-building journey.

In This Episode We Cover

The “fish hauling and shipbuilding” of a perfect real estate partnership

Why entrepreneurs and investors alike should search out new problems to solve

Financing large deals using OPM (other people’s money) and raising capital the right way

How to find any off-market property owner simply by using Google Maps

The biggest mistake you can make when raising money from private investors

Relationship marketing and how it can open you up to phenomenal real estate deals

And So Much More!

Links from the show

Investment with David Greene

Rental Property Investing

The 10X Rule

Connect with Christian:

Cody and Christian's YouTube Channel

The Multifamily Strategy

Federal Housing Administration (FHA)

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-605

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

604: BiggerNews May: What the Media Isn't Telling You About a “Housing Crash” May 03, 2022

It’s a housing market crash! It’s a housing market bubble! It’s a relatively normal and stable housing market! Two of these statements might make you excited, anxious, or hopeful, while one simply makes you yawn. For years, we’ve heard numerous news outlets, forecasters, and housing authorities tell us that the next housing crash is right around the corner, only for home prices to skyrocket, interest rates to rise, and demand to stay red-hot.

If you want to know if a housing market crash is coming, Rick Sharga, Executive Vice President at ATTOM, a leading provider of nationwide property data, is the person to talk to. His entire job is based on finding and figuring out the data behind housing market movements, which he then presents to field leaders who are trying to make better buying, selling, and lending decisions.

Rick is an industry vet and was around during the mid-2000s housing market crash, the great recession, the foreclosure crisis, and everything that followed. Rick has seen the runup in housing prices over the past two years and has some interesting theories as to where we’re headed next. Whether you think we’re in for smooth sailing or on the cusp of another crash, Rick’s predictions may surprise you.

In This Episode We Cover:

Why competition has recently fallen and whether or not this is permanent for the housing market

The difference between 2022’s housing market and the 2007/2008 housing market

Whether or not raising interest rates has affected hot housing markets

If we’re entering bubble territory and how to tell the real estate market is going south

Which real estate markets are primed for a correction in 2023 (and beyond)

How to get ahead of the foreclosure auctions in a “high equity” housing market

And So Much More!

Links from the show

ATTOM Data Solutions

On The Market Podcast

Dave Meyer's Instagram @thedatadeli

BiggerPockets Youtube

David Greene's Instagram @davidgreene24

David Greene Real Estate (Youtube)

Rick's LinkedIn

Rick's Twitter @ricksharga

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-603

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

603: Seeing Greene: Hold or Sell, Maxing Out on Mortgages, and Investor FOMO May 01, 2022

The ROI (return on investment) of a rental property is arguably one of the most calculated metrics when deciding whether or not to invest. Even veteran landlords tend to look at ROI as the sole metric that decides whether or not something is a “deal”. But, in the 2022 housing market, more and more landlords are seeing a massive boost in equity, and new investors are finding cash flow harder and harder to find. Has ROI kept its relevance?

Welcome back to another episode of Seeing Greene, where expert investor, agent, author, and real estate investor, David Greene, takes time to answer the BiggerPockets community’s most top-of-mind questions. In this episode, we touch on topics such as how to scale your portfolio on limited funds, whether or not to invest in tenant-friendly states, long-distance house hacking, and the foolproof way to decide whether to hold or sell in 2022.

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:

The three ways any real estate investor can scale their portfolio

Investing in a market facing depopulation and how to research a rental market

Critiquing the “only cash flow” argument and what other important metric to pay attention to

Holding vs. selling your rental properties in 2022 (and how to decide which path to choose)

DSCR loans and how to get around the residential mortgage maximum

Investor FOMO and whether or not to buy or wait in today’s hot housing market

And So Much More!

Links from the Show

BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks

The U.S. Census Bureau

CNN Money

Yahoo Finance

BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals

BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors

Seeing Greene: Questions from BiggerPockets’ Best and Brightest (Episode 600!)

Seeing Greene: Should You Pay Off Debt or Invest in Real Estate?

Seeing Greene: FHA Loans, Cash Flow Shrinkage, & Bidding $200k Over Asking

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-603

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

602: Why The “Right Way” to Buy Rentals is Wrong Apr 28, 2022

If you want to invest in real estate, you’re probably taking a safe, slow approach to building a rental property portfolio. As a real estate rookie, people tell you that the safest way to invest is to get good at one thing while keeping a distance from doing deals outside your comfort zone. While this type of advice isn’t wrong for everyone, it may miss the mark for some.

Investors like Marjorie Patton have found ways to dramatically diversify themselves in the world of real estate, without their losing shirts. Marjorie is the head of sales for a financial technology firm by day and a real estate investor, house hacker, flipper, and private money lender by night. With some rather unexpected renovation costs on her first property (and with no safety reserve), Marjorie was forced to learn real estate investing on the fly.

Fast forward to today, Marjorie has a seven-door portfolio in the expensive Denver, Colorado area. She’s grown quickly and has seen healthy profits, but has no need to quit her W2. Instead, she’s going to creatively parlay any deal that comes across her desk so she can build wealth while continuing to work somewhere she loves.

In This Episode We Cover:

Why diversifying in real estate isn’t such a bad idea, plus how to prepare to do different deals

Using the concepts you know in everyday life to build a real estate portfolio

The benefits of being “scared” when doing deals and building confidence through mistakes

When the right time to quit your W2 is and why you don’t have to succumb to the “financial freedom” pressures

Flipping homes, lending private money, and investing in deals with partners

House hacking an expensive property while keeping your cost of living low

And So Much More!

Links from the Show:

BiggerPockets On The Market Podcast

BiggerPockets Podcast #467: #1 NYT Bestselling Author Adam Grant on the Need to “Think Again”

Ebay

Mike Tyson's Official Website

Steve Jobs' Wikipedia Page

Steve Wozniak's Wikipedia Page

Malcolm Gladwell's Official Website

Warby Parker Website

Rocky Mountain Women Invest Meetup

Mark Ferguson's Wikipedia Page

HBO’s Billions

Rob’s TikTok Profile

Rob’s Instagram

Rob’s Youtube Channel

Rob's Twitter

Denver Women Investor Meetup Instagram

David’s Tiktok Profile

David's Business Website

Connect with Marjorie:

Marjorie's Instagram

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-602

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

601: Why Hitting Your “Goals” Isn’t Enough & Where 95% of Investors Unknowingly Fail Apr 26, 2022

What makes a millionaire mindset? Everyone knows what it takes to become successful: hard work, grit, tenacity, and (usually) some form of intelligence. But with so many people (real estate investors specifically) working hard, day in and day out, why aren’t we seeing a plethora of unbelievably successful individuals? It turns out, the problem isn’t within the system of building wealth, but the individual.

Jason Drees, mindset coach and author of Do the Impossible, has seen numerous individuals come to him confused, doubtful, and wanting to do more. Within a matter of years or even months, these individuals poised on success attain things that would take most people many lifetimes. So what’s the difference between a massively successful investor and a moderately successful one?

In today’s show, Jason breaks down the alchemy behind building a business, a life you love, and massive wealth. He even takes a break to coach David and Rob on their future business plans, uncovering some roadblocks and new paths that they never even knew existed. If you’ve been stuck in analysis paralysis, or simply have a goal to get to fast, this is the episode to not only listen to but take notes and review so you can grow as well.

In This Episode We Cover:

Why 95% of real estate investors aren’t aiming high enough (and how it’s hurting them)

Evolving your mindset after hitting a goal, no matter how small

Hitting unknown goals and looking for accomplishments that excite you

Using your emotion to navigate success and listening to your internal guidance

Walking the path to greatness instead of settling for success

How to “Frame” your goals, plus a live example with David and Rob

And So Much More!

Links from the Show

Biggerpockets Bookstore

Tony Robbins Life Coaching

Tony Robbins's Website

The David Greene Team's TikTok Profile

Rob's TikTok Profile

Connect with Jason:

Jason's Company Website

Jason's Instagram

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-601

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

600: Seeing Greene: Questions from BiggerPockets' Best and Brightest (Episode 600!) Apr 24, 2022

Welcome episode 600 of the BiggerPockets Real Estate Podcast! Whether you’re a first-time listener or a David Greene addict, we’re happy to have you here. In today’s episode of Seeing Greene, David takes questions from some of the biggest names in the real estate investing space, including fan favorites like Ed Mylett, David Osborn, and even…Brandon Turner (he’s back!)

While this show features some high-level investors, the questions still apply to everyday investors. David answers questions ranging from how to find work-life balance, what to do to get your offer accepted in today’s hot market, how to balance skill with ambition, and where to start when hiring employees for your real estate investing business. Even if you’ve yet to buy your first rental property, advice like this could slingshot your wealth-building journey farther than you knew you could go!

Thanks again to all our celebrity guests for sending in their questions! Heard a question that resonated with you? Want to hear David’s thoughts on a certain topic? 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 with the man himself.

In This Episode We Cover:

How to start (and stay) performing at your best so you can accomplish your goals

What the David Greene team is doing to win bidding wars in today’s hot housing market

The best metric to look at when deciding whether or not to buy a property

How to maintain work-life balance when working, running your business, and investing

Tips for hiring employees that can help you build your real estate portfolio

The three biggest leadership tips when running a team (or teams!)

David’s dream Chipotle order and how to ensure your burrito isn’t soggy

And So Much More!

Links from the Show

What Michael Jordan and Kobe Taught Tim Grover about “Winning”

Investing and Landing Great Deals at Auctions with David Osborn and Aaron Amuchastegui

From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn

Gobundance

You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses

40 Doors in the First 2 Years with Henry Washington

Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode

BiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason

The 7 Tips @investorgirlbritt Used to Go from Amateur to Pro Investor

Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan

Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan

BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks

BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals

BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-600

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

599: The Investing “Cheat Code” of Opportunity Zone Rentals Apr 21, 2022

Opportunity zone investing hasn’t always been around for real estate investors to take advantage of. But as the government began upping the incentives around this type of real estate investing, more tax-savvy investors started to pay attention. You may have heard of opportunity zones before, but you probably don’t know how much of a heavy hitter they are in the realm of tax reduction.

Someone who does know about opportunity zone investing is King Malaki Sims—CPA and avid real estate investor. He’s been buying and building homes in opportunity zones for years and makes the case that this type of investing truly is the best real estate “cheat code” out there. Through his simple strategy, Malaki has been able to not only defer taxes but in some cases, eliminate them entirely, just through simple, smart real estate investing.

Malaki shares how even a novice real estate investor can find, fund, finish, and furnish an opportunity zone rental property all while keeping Uncle Sam away from their hard-earned profits. If you want to build wealth without having to worry about 1031-ing your properties, Malaki is the man to listen to.

In This Episode We Cover:

Opportunity zones explained and how new investors can start investing in them

Where to find opportunity zones in your local area (no matter where you live!)

Funding opportunity zone investments with little to no money down

The biggest opportunity zone myths that scare away investors far too early

Depreciation, bonus depreciation, and tax-deferral strategies you can take advantage of

How crypto, stock, and other investors can invest in real estate tax-free

And So Much More!

Links from the Show:

BiggerPockets Podcast Episode 569: Rich Dad’s CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright

Robert Kiyosaki's Official Website

Donald Trump's Official Website

California Opportunity Zone Website

Cryptocurrency

Rob’s TikTok Profile

Rob’s Instagram

Rob’s Youtube Channel

David’s Tiktok Profile

Connect with King Malaki:

King Malaki's Instagram

King Malaki's Clubhouse

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-599

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

598: How to "Invest on Repeat" with The BRRRR Strategy Apr 19, 2022

The BRRRR method can be taught by no one better than David Greene, author of Buy, Rehab, Rent, Refinance, Repeat, and adorably dubbed “Sir BRRRR” by co-host Rob Abasolo. While David may be a master of BRRRR budgets, schedules, and rehabs, Rob isn’t as familiar with doing full-on buy, rehab, rent, refinance, and repeat rentals. To not only help out Rob but the BiggerPockets audience as a whole, David does a full walkthrough on his latest BRRRR.

This hillside property situated in David’s native San Francisco Bay Area has huge potential to become a cash-flowing, equity-increasing deal. David is turning this large home into multiple smaller units that will rent out to A-class tenants and should net him a six-figure equity boost simply by doing these cash-flow-first renovations.

David walks through exactly how to find BRRRR properties, telltale signs of a good (or bad) BRRRR deal, how to use the BiggerPockets BRRRR calculator, funding options for your BRRRR (from David's broker!), writing up a contractor scope of work (SOW), and how to build cash flow when there isn’t any to be found. You’ll also hear how David had a surprise run-in with the cops when walking this property. Action, excitement, and lots of equity are all coming up in this episode!

In This Episode We Cover:

The first signs that a property may be a great BRRRR deal

Using the BiggerPockets BRRRR calculator to evaluate deals and raise private capital

Financing options you have when funding (and rehabbing) a BRRRR

Contractor bids and BRRRR budgets (even if you don’t have rehab experience)

Before photos and David’s exact conversion plan to turn a single property into a cash-flowing multifamily

The huge wealth-building benefits of getting creative when finding value-add real estate

And So Much More!

Links from the Show

Biggerpockets.com Pro Upgrade Code: REPOD21

BiggerPockets Conference and Events

Rentometer

The 1 Brokerage

Building Your “Passive Income Blueprint” Using the Right Real Estate Agent w/ Johnny Hoang

Books Mentioned in the Show:

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

The Book on Estimating Rehab Costs by J Scott

Connect with Rob:

Rob's TikTok Profile

Connect with David:

David's Tiktok Profile

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-598

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

597: Seeing Greene: Should You Pay Off Debt or Invest in Real Estate? Apr 17, 2022

Should you pay off debt or invest in real estate? Whether you’re young or old, rich or poor, in consumer debt or student debt, this is a question that almost everyone has. With inflation hitting decade-long heights, debt seems to be worth less and less every day. But, the other side to this coin is that asset prices, including real estate, are going up. Is there a right move to make, or are we stuck treading water without enough financial traction to stick to?

Hear answers to this question (and many more) on this week’s Seeing Greene, with your favorite host, agent, investor, and mortgage magician, David Greene. In this episode, you’ll hear topics touched on like whether to house hack or buy cash-flowing rentals, what to expect (and not expect) from your real estate agent, how to reduce (and account for) property taxes, how inflation and interest rates will affect the housing market and the best piece of advice David would give new real estate investors.

Heard a question that resonated with you? Want to hear David’s thoughts on a certain topic? 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 real-time answers!

In This Episode We Cover:

How inflation can positively affect your debt payoff and using your momentum to buy real estate

House hacking in expensive areas vs. buying short-term rentals that cash flow

How David’s real estate team sets up clients and investors for success

Finding the right property manager that will handle your portfolio’s headaches

Whether buying new construction or an existing home has better long-term ROI

How to claim rental income (including house hack income) so you can increase your financeability

And So Much More!

Links from the Show

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

BiggerPockets Podcast 570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale

BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking

BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks

BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals

BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-597

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

596: The 3 Ways to Find Profitable Properties that Big Investors Won’t Touch w/Amanda Cruise Apr 14, 2022

Mobile home park investing wasn’t very attractive until a few years ago. Thanks to big names in the mobile home park space (like BiggerPockets’ own Brandon Turner), the mobile home investing game has become one of the hottest commodities in the world of real estate investing. But it must take a huge jump to go from investing in single-family rentals to double-digit-unit parks, right?

Today’s guest, Amanda Cruise, is here to tell you that bigger doesn’t always mean more challenging. She actually got out of single-family rental investing due to the non-stop headaches of dealing with contractors, property managers, and tenant maintenance problems. She started doing “Lonnie Deals” where she would seller-finance mobile homes to local buyers. Soon, after enough success, she moved on to tackling entire mobile home parks!

But how did Amanda beat out the competition when the mobile home park space is so hot? Thankfully, Amanda shares her three top tips on getting around institutional investors so you can purchase cash-flowing mobile home parks, without the headaches of syndicating or raising vast amounts of capital.

In This Episode We Cover:

“Lonnie Deals” and seller financing mobile homes for profit

Why changing title on a mobile home is far easier than on a traditional home

Finding motivated sellers and how to slide under the radar of institutional investors

Scaling your team and the “must-have” roles when buying mobile home parks

The not-so-secret way to get a list of mobile home park owners in your area

The true “value-add” opportunities to look for in a mobile home park

And So Much More!

Links from the Show:

Sarah Weaver's Website

David Greene's Real Estate YouTube Channel

Rob's TikTok Profile

BiggerPockets Podcast 563: W2 Retired and Traveling the World with Just 15 Units w/Sarah Weaver

Robuilt YouTube Channel: Why I’m buying a $3,250,000 Airbnb in Arizona

Mobile Home Park Investing Course by Amanda Cruise

Connect with Amanda:

Freebies from Amanda's Company Website

Amanda's Instagram

Check the full show notes here: https://biggerpockets.com/blog/real-estate-596

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

595: How to “Layer” Legal Protection So Lawsuits Won’t Touch Your Wealth w/Brian T. Bradley, Esq. Apr 12, 2022

Most investors assume LLCs for rental properties are the way to go in terms of asset protection. From a novice’s point of view, LLCs seem to provide everything you would need?—anonymity, simple tax filing statuses, and legal protection. But, an LLC in reality isn’t as airtight as most real estate investors think. And the worst time to learn about the limitations of an LLC is during a lawsuit, where your wealth (and sanity) is at risk.

To stop you from guessing when it comes to asset protection, we’ve brought on our go-to expert and heavy hitter asset protection lawyer, Brian T. Bradley, Esq. Not only is Brian well versed in the realm of asset protection, but he’s also helped numerous clients protect their real estate wealth, making him the perfect person to ask about LLCs, limited partnerships, trusts, and more.

Brian walks through the different types of legal “layering” that real estate investors can set up to protect themselves from lawsuits and angry creditors. He defines exactly how each type of real estate investor should set up their assets as their net worth expands, and what to do BEFORE you get served with a lawsuit. While Brian may not know your personal situation, he does speak with years of experience serving high-net-worth investor clients and can relay their mistakes (so you don’t make them too).

In This Episode We Cover:

What is asset protection and why is it crucial for real estate investors in particular

The “layers” of legal protection that real estate investors must have

What an LLC really protects you from and why it may be different than what you think

“Piercing the veil” and why most investors need to go a step beyond LLCs

Limited partnerships and trusts that give you the best asset protection

Financing hiccups when keeping your rental properties in trusts

And So Much More!

Links from the Show

Biggerpockets Agent Finder

Biggerpockets Blogs

Rookie Podcast 106: Asset Protection for Rookies: 7 Wealth-Saving Answers from an Expert

David's Tiktok Profile

Connect with Brian:

Brian's Company Website

Email Brian: brian@btblegal.com

Check the full show notes here: https://biggerpockets.com/blog/real-estate-595

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

594: BiggerPockets Podcast 594: Seeing Greene: FHA Loans, Cash Flow Shrinkage, & Bidding $200k Over Asking Apr 10, 2022

Inflation and cash flow have been fighting against each other for decades. As soon as you increase the rent on an income property, inflation comes right in to eat some of that gain. So in today’s borderline hyperinflationary environment, is cash flow still coming out on top? A better question to ask may be, what happens in five, ten, or twenty years? Will inflation completely erode your financial freedom dreams? Or will cash flow match (or beat) this destructive force.

This isn’t just a question that impacts real estate investors—it affects almost every individual working within today’s economy. In today’s episode of Seeing Greene, David goes deep into this question (and others) so you, the investors, can have a better understanding of our economy as a whole. You’ll also hear topics like whether or not you can transfer title on an FHA loan, what to do when bidding wars push prices well above market comparables, when to cosign and when to ask for a cosigner, and what every investor in their twenties should start doing today.

Heard a topic that you wanted more explanation on? Want to ask David a question you’ve never heard before? 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:

How spending power changes the way investors calculate cash flow

Transferring title from your personal name into an LLC with an FHA loan

How to know a house is “worth it” and what to look for in a loan officer

Cosigning for a relative to house hack and staying up-to-code with owner-occupied loans

Pivoting markets from a cash flow market to an appreciation market

David’s advice to every young, aspiring real estate investor

And So Much More!

Links from the Show

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

BiggerPockets Podcast 570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale

BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Sea

BiggerPockets Podcast 577: Cutting Your Tax Bill, Investing in Different Markets, & “Investor Pressure” | Coaching Calls

BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking

BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks

BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals

BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors

Coming Soon: BiggerPockets's On The Market Podcast

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-594

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

593: The Ethical Wholesaler: Putting People Before Property Profits w/Jamil Damji Apr 07, 2022

The words “ethical” and “wholesaling” are rarely used in the same sentence. For the most part, many real estate investors and agents look at wholesalers as deceptive, hard to read, and for the most part just looking to make a quick buck. While this may be true for many new wholesalers, it's far from the truth for Jamil Damji. If anything, Jamil wants to put an end to inexperienced, and often financially dangerous wholesaling.

You could say Jamil was made to be a wholesaler. He had hustle, cold calling skills, and the will to succeed after being rejected from medical school simply due to his age. He set up a website-building business and got the hang of cold-calling quite quickly. After overhearing a discussion about a real estate deal between his partner and his partner’s father, Jamil decided to take his sales skills and turn them into something a bit more profitable. He made a phone call to a local property owner, secured a deal for his partner, and walked away with a $47,000 assignment fee.

Now, Jamil runs one of the most respected wholesaling companies in the United States. He’s set up an “everyone wins” style of wholesaling where sellers, buyers, and intermediaries in between all get paid fair prices while incentivizing each party to do what’s best for the other. This is a brand new concept in the field of wholesaling and one that Jamil wants to see flourish throughout the industry. If you want to learn how Jamil and his team do sixty to eighty deals a month, all while building a loyal customer base, this is the place to be.

In This Episode We Cover:

How wholesaling works and why so many new investors start with it

The best types of listings to call to find motivated sellers plus where to build your buyers list

Why illegalizing (or at least licensing) wholesaling would be favorable for the industry

How wholesalers can work with agents to build each other’s businesses faster

The biggest mistake wholesalers make when trying to assign contracts to buyers

Building a “win-win” system so everyone in the transaction becomes a repeat customer

And So Much More!

Links from the Show:

Triple Digit Flip Show

Robert Abasolo's Instagram

Robert Abasolo's TikTok

David Greene Real Estate Youtube Channel

KeyGlee

Funny or Die

Upright Citizens Brigade

D.R Horton Company Website

Saturday Night Live

Connect with Jamil:

Jamil's YouTube Channel

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-593

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

592: BiggerNews April: How to Counter the Biggest Risk of 2022's Real Estate Cycle w/Doug Lodmell Apr 05, 2022

The way the housing market moves largely depends on the real estate cycle we’re currently in. We all saw this during the 2007 subprime mortgage crisis as overleveraged homeowners saw their properties foreclosed on and later sold to investors who had cash on hand. We’re currently experiencing dramatic demand coupled with low inventory, so are we at the end of the housing market cycle, ready for a recession to knock down this house of cards?

Whether we are or aren’t close to a housing bubble bursting, smart real estate investors are protecting their wealth regardless of what is to come. This is where today’s guest, Doug Lodmell, has gleaming insight. Doug and his team have worked for decades to protect the wealth of real estate investors. This is commonly known as asset protection but can be thought of as simple risk mitigation for the new real estate investor.

Doug has been through expansion, crashes, corrections, recoveries, and everything in between and has seen what a poor asset protection strategy can do to an investor's portfolio. He drops some knowledge on today’s show around how real estate investors in 2022 can protect themselves from going through a repeat of 2008. His simple, yet undeniably valuable advice could save you not only money but years worth of work you’ve put into real estate investing.

In This Episode We Cover:

Quick takes on today’s biggest stories surrounding the housing market

The tools asset protection lawyers use to protect and disguise their clients’ wealth

Whether or not new real estate investors need LLCs when buying properties

The biggest mistakes real estate investors make that cost them their wealth

Leveraging debt to build your portfolio vs. cash hoarding for post-crash opportunities

BiggerPockets’ newest podcast show featuring our own Dave Meyer!

And So Much More!

Links from the Show

Connect with Doug:

Doug's LinkedIn Profile

Doug's Company Website

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-592

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

591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors Apr 03, 2022

Cash flow markets are a hotspot for new real estate investors. Why? They’re inexpensive to get into, show great cash flow (on paper), and allow many investors to map their date of financial freedom. The downside? Cash flow markets are different in real life than they are on paper. What may look like a phenomenal rental property at first glance could turn into a tenant nightmare and cash flow hemorrhaging situation. So who should invest in these types of real estate markets?

Questions just like this (and more) are coming up in this episode of Seeing Greene. As usual, David Greene, your expert on all things real estate, is here to answer quick questions from both rookie and veteran investors. In today’s show, David touches on topics like BRRRRing vs. buying multiple properties, 2022 housing market predictions, how to raise capital for your deals, qualifying for financing without strong income, and why 2022 may be the perfect year to go into debt!

In This Episode We Cover:

The best way to invest spare cash: BRRRRing or buying multiple properties?

How David structures his deals and raises capital using debt and equity

Refinancing out of a seller-financed situation, even if you don’t qualify for conventional loans

Whether to keep, sell, or refinance a property when you have significant equity sitting in it

How to house hack (again) when you’ve already used your one FHA loan

Developing your crystal clear criteria so you can grow your portfolio faster

And So Much More!

Links from the Show

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

BiggerPockets Podcast 570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale

BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Dea

BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking

BiggerPockets Podcast 584: The 5 Steps That Will Bring You More Deals, Friends, and Mentors w/Jonathan Greene

BiggerPockets Podcast 586: The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals w/Andrew Cushman

BiggerPockets Podcast 587: Full-Time Flipping (Out-of-State!) at 24 by Doing What Most Don’t Know w/Dominique Gunderson

BiggerPockets Podcast 589: 10 Actionable Steps Anyone Can Follow to Buy a Rental Property

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-591

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

590: From Struggling Renter to Cash Flowing Landlord Using $0 Down Loans w/Andre Haynes Mar 31, 2022

No money down real estate investing usually sounds too good to be true. It seems almost impractical that someone without much experience, money, or property can secure cash-flowing rentals without putting a dollar into the deal. Even more astounding, today’s guest Andre Haynes was paid a few thousand dollars to buy his first rental property. He shares his exact steps on how he did it on today’s show!

While investing in real estate with no money down can seem like an advanced concept, Andre wasn’t some cash-flowing wizard from the start. If anything, Andre’s upbringing may have brought some hurdles to the financial side of his life. He had no credit, no cash, was faced with eviction notices, and generally was falling behind financially as a parent. He had to take a hard look at his life, redefine his goals, and reevaluate his choices. From there, it was a hard, yet incredibly valuable, climb upwards.

Now, only a short time later, Andre has built a real estate portfolio worth over a million dollars. He has numerous cash-flowing assets that pay for his liabilities and has started to educate others about how they can do the same. He defines this easily repeatable process on today’s show but doesn’t gloss over the fact that the only thing stopping you from obtaining the wealth you desire, is yourself.

In This Episode We Cover:

How to invest when you come from an upbringing that lacks financial literacy

Giving up on your “dream” so you can pursue something much greater

Andre’s 5-steps to get your life together and how you can start using them today

Practicing delayed gratification and how simple sacrifices pay off big in the long run

The zero down loan program that Andre used to build his real estate portfolio

The importance of becoming a real estate investor before you buy your first property

And So Much More!

Links from the Show:

BiggerPockets Agent Finder

BPCON 2022

NACA (Neighborhood Assistance Corporation of America)

Rich Dad Poor Dad seminar

The Landlord Life YouTube series

Landlord Life Season 3 Episode 2 with Henry Washington

Mindset Matter Merch (No books here)

Henry Washington's Instagram

Brian Donnelly's KAWS

Connect with Andre:

Andre's Instagram

Andre's Business Website

The Landlord Life YouTube series

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-590

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

589: 10 Actionable Steps Anyone Can Follow to Buy a Rental Property Mar 29, 2022

Want to know how to buy a rental property? If rising home prices, rent prices, and fierce market competition have you struggling to get something under contract, your real estate saviors, David Greene and Rob Abasolo are here to help. In 2022’s hot housing market, it can seem almost impossible for new real estate investors to get their foot in the door. But, if you follow what the experts are doing, you may be able to lock up your next investment while other buyers are stuck in bidding wars.

Whether you’re wondering how to buy your first rental property or your next rental property, David and Rob have answers for you. They’ve partnered up to buy luxury short-term rental properties in sunny Arizona, all while recording the exact steps they’re taking to land a deal. If you’re already investing in real estate, some of these steps may seem familiar to you, but the gems that David and Rob drop are rarely discussed (and incredibly helpful).

So, if you’re ready to start your real estate investing journey, build wealth, rake in cash flow, and build passive income, you’re in the right place. David and Rob define their ten steps to investing success so you can spend less time analyzing deals and more time collecting rent checks.

In This Episode We Cover:

How to define your investment criteria so you can find deals that fit your needs

Working with a partner and keeping the line of communication open

Blocking off time so you (and your partners) can focus on crossing the finish line

What to look for in a real estate agent and how to communicate to them what you want

Writing your offer with multiple strategies in mind so you can beat the competition

How to not become “emotionally attached” to deals that look too good to be true

And So Much More!

Links from the Show

Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder

Dave Ramsey's Website

Zoom

Connect with Rob and David:

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-589

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

588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals Mar 27, 2022

Want to retire with rentals? Want more cash flow? Want to put up a lower down payment? What about building an ADU on your land? All of these questions (and more) are coming up on this episode of Seeing Greene. Unfortunately, this is the first time in BiggerPockets history that David Greene, master investor/agent, hasn’t been able to answer a question (and for good reason).

David tackles some challenging topics this episode, ranging from climate change affecting real estate values, what to do once depreciation runs out, and at what point should an investor take profits in the form of cash flow? While you may have heard varying opinions from other investing experts (or even other BiggerPockets hosts), David has a rather conclusive take on why you should NOT be retiring early with rental properties, but you should do something much greater instead.

If you heard a question that resonated with you or you’d like David to go more into detail on a certain topic, submit your question here so David can answer it on the next episode of Seeing Greene. Or, follow David on Instagram to see when he’s going live so you can hop on a live Q&A with the man himself!

In This Episode We Cover:

How climate change will and won’t affect buying patterns for real estate investors

Whether or not to trade a higher down payment for more cash flow or vice versa

Where to find real estate meetups to network with other investors

When the right time to pull out cash flow from your rental property is

How to maximize tax benefits after your property’s depreciation runs out

Building an ADU vs. buying another rental property with the cash

And So Much More!

Links from the Show

BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Dea

BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking

BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-588

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

587: Full-Time Flipping (Out-of-State!) at 24 by Doing What Most Don’t Know w/Dominique Gunderson Mar 24, 2022

Forty real estate deals is a lot, especially for an experienced investor. How many people do you know that have done forty flips, wholesale deals, or own over forty rentals? Odds are, probably not many. So how does a nineteen-year-old do that many deals in only a year? Even better, how do they then take that experience and build a successful flipping business thousands of miles away from where they live? The answer might surprise you.

Dominique Gunderson is an anomaly in the best of ways. At fifteen years old she became privy to short sales, then at age seventeen, she left high school to start wholesaling full-time. Now, at age twenty-four, she runs a full-time flipping business based in New Orleans while she resides in her home state of California. She’s managing this entire out-of-state real estate investing venture strictly through her phone, laptop, and conversations with her contractors. Impressive, right?

But this level of speed and growth didn’t come without its tradeoffs. Dominique failed many, many times in her pursuit of passive income and real estate profits. She’s the first to admit that she wouldn’t trade a single failure for anything she has now, as they’ve been the stepping stones to her success. So if you want to stop sitting on the sidelines and start succeeding at record speed, you better prepare to fail, just like Dominique did.

In This Episode We Cover:

How to quickly screen for potential hidden gems in the multifamily space

The eight steps that lead to perfect multifamily underwriting so you can make the best offer possible

“Loss to lease” and using it as a value-add opportunity that most investors miss

Getting debt quotes, insurance quotes, and accurately calculating future property taxes

Who’s opinion you need to ask for before going through on a multifamily deal

Looking for the opportunities and traps within a seller’s finances

Writing an LOI (letter of intent) and getting bigger deals under contract

And So Much More!

Links from the Show

The Real Estate InvestHER Show Episode 170: How this Full Time Nurse Manages Multifamily Syndications with Savannah Arroyo

Lowe's Home Improvement

The Home Depot

Dominique's BiggerPockets Profile

Connect with Dominique:

Dominique's Instagram

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-587

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

586: The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals w/Andrew Cushman Mar 22, 2022

Want to know how to analyze a multifamily property? Maybe you’ve analyzed duplexes, triplexes, quadplexes, or even ten-unit apartment complexes before, but what about the big deals? We’re talking about multi-million dollar multifamily investments, with hundreds of units, large debt and equity structures, and many, many small pain points only experienced investors would notice.

If you’re looking for an in-depth overview of how to find, analyze, and buy a large multifamily property so you can build passive income and serious equity growth, then Andrew Cushman is the man to talk to. Andrew is so good at what he does that he's partnered up with BiggerPockets Podcast host, David Greene, to invest together.

In Andrew’s previous episode, he touched on the “phase I underwriting” that comes with analyzing a multifamily deal. In this episode, Andrew focuses on what investors should do after they’ve triaged their deals and are left with only the best in the bunch. Andrew spent years worth of time analyzing deals to come up with these eight steps. He shares them today so you can have less headache and more investing success than when he started!

In This Episode We Cover:

How to quickly screen for potential hidden gems in the multifamily space

The eight steps that lead to perfect multifamily underwriting so you can make the best offer possible

“Loss to lease” and using it as a value-add opportunity that most investors miss

Getting debt quotes, insurance quotes, and accurately calculating future property taxes

Who’s opinion you need to ask for before going through on a multifamily deal

Looking for the opportunities and traps within a seller’s finances

Writing an LOI (letter of intent) and getting bigger deals under contract

And So Much More!

Links from the Show

BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal

DavidGreene Team

BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman

How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman

Parks and Recreation (TV Show)

David Greene's Webinars

Andrew's Linkedin Profile

Andrew's Visuals

Example 1 (Spreadsheet File)

Example 2 (Spreadsheet File)

Example 3 (Spreadsheet File)

Renovation Budget (Spreadsheet File)

Connect with Andrew:

Andrew's Company Website

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-586

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

585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks Mar 20, 2022

BRRRRs, property classes, raising capital questions and more are in this episode of Seeing Greene! As always, your investor mentor, top agent, and shiny-headed host of the BiggerPockets Podcast is back to walk through real-life questions and examples brought to him directly from listeners just like you. This episode walks through a lot of the struggles new and intermediate investors have when trying to scale. So even if you’ve got one unit (or none), you’re probably in one of our guest’s positions.

Investors all over the country are enjoying the spoils of this hot real estate market and need to know the next best move to make. In today’s show, David touches on topics like how to scale when you feel overleveraged, the four hurdles that stop investors from building portfolios, how to tell whether a rental is an a, b, or c-class property, whether or not to raise money on your first big deal, and why every BRRRR needs to start backwards.

In This Episode We Cover:

The four things that slow investors down when building their real estate portfolio

How to know your “property’s personality” so you can get better tenants and equity gain

Defining property classes and what to do if a property and neighborhood class mix

Selling off your rental properties to buy bigger deals vs. raising private capital

Why real estate is easy in theory but difficult in practice

The single best strategy for every new real estate investor to start with

And So Much More!

Links from the Show

BiggerPockets Podcast 569: Rich Dad’s CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright

BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?

BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Dea

BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-585

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

584: The 5 Steps That Will Bring You More Deals, Friends, and Mentors w/Jonathan Greene Mar 17, 2022

If you’re new to investing in real estate, you may not have run your first real estate analysis yet. But as soon as you start looking at properties, you’ll become a spreadsheet wizard in no time! With so many investors counting on automatic analysis from modern, hyper-specific real estate calculators, old-school investors beg the question “do these calculators really make a difference in the deal?”

Today, expert investor, home flipper, wholetailer, and almost every other real estate title in the book, Jonathan Greene, joins us to talk about what new investors are missing out on. While many investors run spreadsheets and analyses before seeing a deal, Jonathan does it the other way around. Jonathan will drive to a property, walk the property, and then after taking a look at some specific parts of the property, will run a deal analysis. He walks through the system that not only makes this efficient but worthwhile.

If you've been around the BiggerPockets Forums for some time, you’ve probably recognized Jonathan’s name (or face). He’s an active contributor, responding to forum posts almost every day and chatting with new investors every chance he gets. Jonathan has found deals, mentors, partners, and great friends thanks to online forums, like BiggerPockets. If you’re looking to get the most out of your virtual networking, Jonathan shares his five tips on extracting huge value from the collective minds of over two million real estate investors!

In This Episode We Cover:

Going beyond the spreadsheets and analyzing real estate internally (before using a calculator)

How to get the “feel” of a house when investing out-of-state

The crucial parts of a house Jonathan looks at during his first walkthrough

The five steps to being successful in an online community (or in real life too!)

Choosing your perfect out-of-state market using two simple data points

Flipping poorly designed homes into massively profitable masterpieces

And So Much More!

Links from the Show:

BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene

BiggerPockets Podcast 583: Building Your “Passive Income Blueprint” Using the Right Real Estate Agent w/ Johnny Hoang

Vrbo (formerly called HomeAway)

Dave Meyer's BiggerPockets Profile

Dave Meyer's Instagram

David’s Youtube Channel

Jonathan’s YouTube Channel

Rob's YouTube Channel

Rob’s Tiktok

Connect with Jonathan:

Jonathan’s Instagram

Jonathan’s TikTok

Jonathan’s Business Website: Streamlined Properties

Zen and the Art of Real Estate Investing

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-584

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

583: Building Your “Passive Income Blueprint” Using the Right Real Estate Agent w/ Johnny Hoang Mar 15, 2022

The signs of a bad real estate agent aren’t very clear if you’re a new investor. But, after trial and error and a lot of deals done, you’ll be able to weed out the basic agents from the rockstar realtors. If you’re brand new to real estate investing, there’s no need to sort through ten agents just to find out what makes the good ones great. Today, we’re giving you a shortcut as we pick the brain of one of the top real estate agents in the San Francisco Bay Area, and the country!

Johnny Hoang just began his real estate agent journey only a short two years ago, but he’s been able to close on an astounding $67M in home sales despite having such a short time in the market. Even with things as hot as they are, that’s a very impressive number from any agent, let alone a rookie! Of course, it should come as no surprise that Johnny is a student of David Greene and works with David daily.

In today’s show, David and co-host Rob Abasolo break down what it means to be a great real estate agent. They walk through different scenarios and situations with Johnny so you, the listeners, come away knowledgeable of the difference between an agent who will help you grow your portfolio and an agent who purely wants a commission check.

In This Episode We Cover:

How top agents prioritize clients and what you need to do to get to the top of the list

The investor-client “kiss of death” and how to NOT talk to an experienced agent

The seven signs of a bad agent and when to steer clear of an agent who’s all talk

Finding the perfect investor-friendly agent that will diligently hunt down deals for you

House hacking and using owner-occupied loans to slowly build your wealth

What to expect (and not expect) your real estate agent to bring to the table

And So Much More!

Links from the Show

Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder

DavidGreene Team

Keller Williams Realty

David's Youtube Channel

Rob's Tiktok

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-583

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

582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking Mar 13, 2022

Should I invest now or wait? How do I set up my children for financial success? What do top agents do to stand out in the market? These are all questions of real estate investors, agents, and onlookers who wait to see what’s next in the 2022 housing market. With so much uncertainty around us and an environment of intense competition, it can be a struggle to know what move is the right one or whether or not to sit out of the game entirely.

Well, if you’re looking for a top agent, investor, and podcaster with a very shiny head, you’ve come to the right place. David Greene is back with another fan-favorite episode of the Seeing Greene series as he takes questions directly from BiggerPockets listeners and commenters on YouTube.

In this week’s seeing Greene, you’ll hear David go granular into commonly asked questions and topics like: how to finance a rental without W2 income, what to do when a home is zoned incorrectly, investing in expensive markets like Hawaii, asset protection for real estate investors, and why cash flow isn’t the most important metric when house hacking.

Want to ask David a question? Submit your video here!

In This Episode We Cover:

The exact way David provides value to his residential and investor clients

Buying your child a rental property and the logistics that go with it

What to do with a rental property that was zoned incorrectly

Investing in vacation rental markets like Hawaii and why they’re different than regular markets

Whether to invest now or wait until the market has more cash-flowing deals

The best way to protect your assets as a new real estate investor

Why house hacking is the best way to get your start in real estate investing (even in expensive markets)

And So Much More!

Links from the Show

BiggerPockets Podcast 569: Rich Dad’s CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright

BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?

BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

BiggerPockets Agent Finder

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-582

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

581: The Hidden Passive Income Source in Your Own Backyard w/That ADU Guy Mar 10, 2022

What do you think of when we say ADU (accessory dwelling unit)? If you’re like most homeowners, you probably think of a back house, a mother-in-law suite, or a converted art studio. But what if you don’t have a home that comes with a pre-fitted accessory dwelling unit? What if you don’t want to put in the money (or time) to build one out. Are you left with any options, or are your ADU dreams dead in the dust?

If you’ve wanted to start building passive income streams through your primary residence, then we’ve got good news for you. With us today is Derek Sherrell, also known as “That ADU Guy”, precisely because he is THE person you want to talk to when it comes to accessory dwelling units on your property. Derek knows his stuff, consulting dozens of homeowners on how an ADU would fit into their property and how much passive income they could make as a result.

And it’s not just about building some other structure in your backyard. You can convert attics, basements, garages, and even portions of your house into accessory dwelling units. Not only does this allow you to save on the cost of new construction, but it also gives you another option to build wealth, pay down your mortgage, or simply profit from a rarely used portion of your home.

In This Episode We Cover:

The exact criteria homeowners should look for in potential ADU-friendly properties

Attached vs. detached ADUs and the benefits (and cash flow difference) of both

The four main challenges when building, financing, or strategizing an ADU

What to look for in existing ADU structures, whether it’s a garage, back house, or basement

How to become an ADU expert quickly (and for free) with simple city zoning information

And So Much More!

Links from the Show:

Warren Buffet Forbes profile

Dave Ramsey website

Joe Asamoah's BiggerPockets profile

GC Real Estate

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-581

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

580: BiggerNews March: How a Surge of Foreclosures Will Impact the Housing Market w/Auction.com’s Daren Blomquist Mar 08, 2022

The word “foreclosure” is forever stained in the minds of almost every American who lived through the great recession. News stories in 2010 would talk about the slew of families that had been foreclosed on, with big banks taking back property from a significant number of former homeowners. Fast forward twelve years and many real estate investing fortunes have been made on the backs of foreclosure sales. Is this chance coming back once again in 2022?

Joined with us today for this month’s BiggerNews is the David Greene and Dave Meyer duo plus special guest, Daren Blomquist, VP of Market Economics at Auction.com. Daren knows the foreclosure market inside and out, spending his days studying and analyzing housing market data. With the newest “surge” in foreclosures, Daren is here to quell the mind of investors who are either hoping for (or dreading) another foreclosure crisis.

Back in early 2020, the US government imposed a foreclosure moratorium and a nationwide forbearance program, allowing citizens to hang on to their homes a little longer. As the economy shifts back into gear, and the moratorium ending, will we see a surge in foreclosures? Or, has price appreciation gifted so many homeowners with equity that foreclosures aren’t even on the horizon? Whatever the answer is, Daren can help you, the investor, plan for your next money-making move.

In This Episode We Cover:

Announcing who the new BiggerPockets Podcast host is!

The mass migration of homebuyers out of their local metros and into new surroundings

Zillow’s newest “SuperApp” that plans to replace realtors

How the 2010 foreclosure crisis compares to today and what would bring a new wave of foreclosures

Why foreclosures are up a whopping 97% as we head into 2022

Investing in foreclosures and how to score deals before they hit the market

And So Much More!

Links from the Show

BiggerPockets Real Estate Podcast on Apple Podcast

Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder

BiggerPockets Podcast 353: Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode

Dave Meyer's Real Estate News

Dave Meyer's Instagram

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-580

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

579: The Secret Sauce Behind Short-Term Rental Success (Part 2) w/Rob Abasolo Mar 06, 2022

You can build wealth with short-term rental investing quite easily. All you need is a great location, a solid property, a good strategy, some phenomenal cleaners…wait maybe it isn't all that easy. But it’s certainly doable if you’re willing to put in the time, effort, and work to make your vacation rental stand out from the rest. This is exactly what investorsDavid Greene and Rob Abasolo are doing with their current partnership—buying luxury homes and turning them into once-in-a-lifetime getaways for wealthy vacationers.

But maybe you’re not ready to drop a few million on a multifamily mansion. Even so, you can still make a phenomenal return in the short-term rental space, you just need to know how to do so. Back in episode 578, David and Rob walked through the first three steps in their short-term rental success strategy. Steps like finding a short-term rental market, choosing your location, and defining your strategy.

In this part two episode, David and Rob walk through the more granular steps to getting your vacation rental up and running. Steps like what property type works best for which investors, understanding your timeline so you can build wealth while obtaining financial freedom, and divvying up work between you and your partners (or investors). Follow all five (six) steps in this episode, and you’ll be on your way to cashing in the profits from your vacation venture!

In This Episode We Cover:

The four main types of short-term rental properties and the benefits of each

How to mitigate your investing fears so you and your partners can move with confidence

Understanding not only your cash flow goals, but your long-term equity goals as well

Laying out clear roles and responsibilities for each partner in the investment

How to cautiously bring in outside investors on your vacation rental deals

And So Much More!

Links from the Show

BiggerPockets Podcast 578: The Secret Sauce Behind Short-Term Rental Success (Part 1) w/Rob Abasolo

Invest With David Greene

Robuilt YouTube Channel: This is exactly how much your property will make on Airbnb

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-show-579

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

578: The Secret Sauce Behind Short-Term Rental Success (Part 1) w/Rob Abasolo Mar 03, 2022

Short-term rentals have taken the world by storm. Over the past two decades, the bed and breakfast type business has fallen prey to the more scalable short-term rental model. Real estate investors quickly realized that they could capitalize on the long-term equity gain of rental properties with the cash flow of hotels in one highly-lucrative asset class. Thus, the rise of the short-term rental, VRBO, and Airbnb investor was born.

Arguably the most notable short-term rental investor in the space today is good friend of the show, Rob Abasolo. Rob is such a pioneer in the short-term rental investing area, that veteran agent, broker, and investor David Greene, has partnered up with him to collectively build their cash-flowing, equity-increasing empire together. With dozens of deals under both of their belts, Rob and David walk through the five steps that it takes to find success in the short-term rental space.

This episode is split up into two sections, with the latter coming out right after this one. In this show, Rob dives deep into finding a short-term rental market that fits your needs and goals, choosing a location that specifically benefits you as the investor, the different types of short-term rentals, and how to build a vacation rental strategy that will match your goals for financial independence. Whether you’re thinking of buying a snowy chateau or a desert domicile, Rob and David will help you put the pieces together so you can build a strong portfolio that will benefit you for decades to come.

In This Episode We Cover:

Choosing a short-term rental market and what aspects to look for

Cash flow vs. appreciation and which matters more when it comes to STR investing

The four types of short-term rental markets and which have the best chance of success

Seasonality and factoring it into your revenue and profit calculations

The risks of investing in vacation rental markets and how to scale your portfolio faster

And So Much More!

Links from the Show:

Brian Chesky's Linkedn profile

Julian (San Diego, California) town profile

Eureka Springs City (Arkansas) profile

Waco City (Texas) profile

Chip and Joanna Gaines HGTV profile

Copperopolis Town (Calaveras County, California) profile

Destin City (Florida) profile

Gatlinburg City (Tennessee) profile

Great Smoky Mountains

Robuilt YouTube Channel: HOW MUCH MONEY MY TINY HOUSES MAKE and why Airbnb is the best way to make passive income

Robuilt YouTube Channel: This is exactly how much your property will make on Airbnb

Check the full show notes here: https://biggerpockets.com/blog/biggerpockets-podcast-578

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

577: Cutting Your Tax Bill, Investing in Different Markets, & "Investor Pressure" | Coaching Calls Mar 01, 2022

Should you invest in multiple real estate markets? How can real estate investors lower their tax burden? And, how do you handle all the pressure and stress that comes with success? These are just a few of the questions that live listeners asked top real estate agent, investor, and BiggerPockets Podcast host, David Greene. As per usual, David uses this coaching call as a way to answer questions from rookies and experienced investors, without any preparation.

You’ll get to hear firsthand how David answers questions like how to find your real estate tax expert, should you focus on one market or expand into multiple, what are the best real estate books to develop an “investor mindset”, and how do 1099 workers find financing? Regardless of the stage of real estate investing you’re in, all of these questions can help you develop your investing muscle so you can crush bigger deals and keep more of your hard-earned profit.

Have you heard of a real estate investing topic that you want David to go into more detail about? Is there a specific question you want answered by an industry expert? If so, be sure to follow David on Instagram (@davidgreene24) to see whenever he goes live for a Q&A session. Or record your question and submit it here!

In This Episode We Cover:

Accelerated depreciation and using it to substantially lower your tax bill

Finding a real-estate specific CPA that allows you to do more with your current portfolio

The pros and cons of investing in different markets and the strategies for each

Developing your investor mindset and having the courage to act when opportunities present themselves

Dealing with the pressure and stress that comes with investing and leading teams

How to finance real estate investments without having W2 income

And So Much More!

Links from the Show

Submit your Question for an upcoming Seeing Greene episode!

Biggerpockets Pro Membership

David Greene's Real Estate Team

BiggerPockets Ask your Questions Live

Biggerpockets Youtube Channel

The Dark Knight Rises

Blackstone

BiggerPockets Real Estate Podcast on iTunes

David's One Brokerage

Check the full show notes here: https://biggerpockets.com/show577

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

576: Short-Term Rental Roundup: Small Markets, Partnerships, & When to Go “All In” | Q&A w/Rob Abasolo Feb 27, 2022

The short-term rental market seems to get bigger and bigger every day. This should come as no surprise, seeing that short-term rentals not only work for vacationers, traveling business people, or anyone else who wants a nice, unique place to stay. But, while the rest of the world is focusing on which mountainside chateau they’re booking for their weekend getaway, real estate investors worldwide are figuring out how they can buy, rehab, furnish, and profit from these vacation rental ventures.

With so much competition in the market, it begs the question: is the short-term rental space becoming oversaturated?And, if it is, how can investors get on the ground floor of sleepy markets that will explode in popularity over the next decade or so? Of course, with questions like these, we need our short-term rental and wave-hair-styling expert, Rob Abasolo at the side of Sir BRRRR himself, David Greene.

In this Q&A episode, David and Rob will discuss a handful of topics, mostly centered around short-term and vacation rentals. Topics like: how to mix a long-term rental and short-term rental in one property, how to market outside of the top short-term rental platforms, can you convert a regular rental into a vacation rental, and the pros and cons of real estate partnerships.

In This Episode We Cover:

Buying mixed-use properties so you can combine long and short-term rental advantages

Whether or not the short-term rental market is starting to see saturation

How to adjust cleaning fees to optimize your booking rate

Converting a long-term rental into a short-term rental (and the time it takes to do so)

What to do when you can’t find comps (comparable rents) in your area?

The pros and cons of real estate partnerships and what to do before you join forces

And So Much More!

Links from the Show

BiggerPockets Podcast 453: Live Q&A with Brandon and David: Risk, Partnerships, Inspiration and Opportunity of Real Estate

VRBO

Airdna Rentalizer

Julian Gonda's Instagram

Join us for our Q&A Shows and ask your question

Invest With David Greene

BiggerPockets YouTube Channel

Click here to check the full show notes: https://www.biggerpockets.com/show576

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

575: Killer Cash Flow with This “Tenant-First” Section 8 Rental Strategy w/Joe Asamoah Feb 24, 2022

Section 8 BRRRR investing seems like a niche within a niche. To start, you have your classic BRRRR strategy (buy, rehab, rent, refinance repeat), a method that many real estate investors have used to gain vast amounts of equity in short amounts of time. Then, on top of the BRRRR, you have section 8 rentals, which many investors stray away from. Both of these investment strategies can be thought of as “advanced” rental property investing methods, but combining them can almost automatically guarantee you phenomenal rent, for years (if not decades) to come.

One investor known for his expertise in both section 8 rentals and BRRRR investing is Dr. Joe Asamoah. Regularly, Dr. Joe may be the smartest person in the room and he really shines when speaking about the often forgotten benefits of section 8 rentals. While many investors simply think of D-class houses and D-class tenants when accepting section 8 vouchers, Dr. Joe disagrees.

His theory is simple—Find C or D-class properties in B-class neighborhoods, and rent to A-class section 8 tenants. The payoff? Very long-term tenants with guaranteed rent whose lives you can benefit directly. And Dr. Joe isn't just hypothesizing about this—he’s been doing this for decades and may be why he has tenants who have stayed with him for over twenty years, paying rent every month, on time.

In This Episode We Cover:

Before and after photos of Dr. Joe’s most recent section 8 BRRRR rental

Renovation hiccups when doing large renovations/BRRRR deals

The “bedroom-to-cash-flow” ratio that makes section 8 a lucrative choice for investors

How to find the highest quality, long-term tenants in your investing area

Building multiple exit strategies out of one property for maximum cash flow and equity gain

The most common BRRRR risks and how to mitigate appraisal and tenant headaches

And So Much More!

Links from the Show:

BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah

BiggerPockets Podcast 498: Real Deal: BRRRR Deep Dive w/ Joe Asamoah (Pt 1)

AffordableHousing.com (formerly GoSection8.com)

David Greene's Instagram David

David Greene Real Estate YouTube Channel

Robert Abasolo's Instagram

Robert Abasolo's Robuilt YouTube Channel

Robert Abasolo's TikTok

Check the full show notes here: https://biggerpockets.com/show575

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

574: Rising Rates, Rentals vs. Primary Residences, and Common Crash Indicators | Coaching Calls Feb 22, 2022

If a housing bubble is on the horizon, how best do real estate investors prepare for the massive hit they’re about to take? With so much money flowing throughout the economy, home prices hitting record highs, and competition staying fierce, what can the average investor do to stock up so when a housing market crash does happen, they’re ready to make big moves? David Greene, may have an answer.

Although many people see David as a real estate fortune teller, he, unfortunately does not bring his crystal ball (unless you count his shiny bald head) onto today’s coaching call episode. Lucky for us, he does bring over a decade worth of knowledge from investing in many different phases of the real estate cycle. David is thrown questions from live guests today, without any preparation or information besides his own knowledge.

Topics on today’s show range from when to buy a primary residence vs. buying a rental property, outsourcing your tasks so you can grow your portfolio, what will happen when interest rates rise this year, housing bubble indicators, and finding honest contractors. If you’re looking to invest in real estate, whether this year or within the next decade, David’s thoughts on surviving and thriving in a housing crash could make you much, much wealthier!

In This Episode We Cover:

Whether to pay rent and buy a rental property or buy your first primary residence

Bridge loans and raising private capital from investors in your network

Enforcing the principles of Who Not How to grow your business faster and smarter

Avoiding the housing market hysteria that many investors are facing today

The leading indicators of a housing market crash (and how to see them before others do)

How to avoid untrustworthy contractors and keep the quality ones around

And So Much More!

Links from the Show

Submit your Question for an upcoming Seeing Greene episode!

Biggerpockets Pro Membership

David Greene's Real Estate Team

Henry Washington's BiggerPockets Profile

BiggerPockets Ask your Questions Live

Check the full show notes here: https://biggerpockets.com/show574

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

573: BiggerPockets Podcast 573: Rental Arbitrage, Out-of-State Investing, & Home Loans You've Never Heard Of | Q&A w/Henry Washington Feb 20, 2022

Financial freedom is the “why” behind almost everyone getting into real estate investing—but sometimes not for the right reason. We all want more time to spend with our families, doing things we love, and having autonomy over our own lives without having to worry about making money to live. This is all well and good for investors getting a delayed start on their investing journey, but what about the young investors, the ingenuitive investors, or those who could give so much more than they get?

This is just one of the topics that your hosts David Greene and Henry Washington get into today, as they take live questions from BiggerPockets listeners without any prep, research, or outside factors coming into play. You’re getting a direct line into the mind of two of the best investors (and podcast hosts) around so you can see their struggles, landlording pains, and decisions behind their investing careers.

In this show, we especially get into topics such as: building a real estate portfolio from scratch, non-QM loans and their big benefits for investors, when to stop buying rentals and focus on paying off your portfolio, finding off-market deals, and the classic cash flow vs. appreciation debate for long term wealth. This episode features both rookie investors and investors already seeing success through real estate. If you invest in real estate (or want to), this is the place to be!

In This Episode We Cover:

Investing locally vs. investing out-of-state to capitalize on lower housing costs

Portfolio loans, non-QM loans, and other flexible financing for real estate investments

When to stop buying rentals and pay off the ones you already own

Whether or not to allow rental arbitrageurs to lease your rental properties

Cash flow vs. appreciation and how this personally impacts your growth

How to build relationships with commercial brokers so the deals come to you

And So Much More!

Links from the Show

BiggerPockets Podcast 366: 40 Doors in the First 2 Years with Henry Washington

ListSource

PropStream - Real Estate Investment Software

Live Questions

Click here to check the full show notes: https://www.biggerpockets.com/show573

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

572: The Super Repeatable Path to Real Estate Wealth (No Experience Needed!) w/Erika Brown Feb 17, 2022

Do you need to be rich to buy a rental property? Arguably, no. In reality, you don’t need a lot of experience, know-how, or cash on hand to buy your first income property. But, you need to at least be resourceful, take advantage of your opportunities, and have the tenacity to follow through on your goals. If you have all those qualities, you may be a great real estate investor, or maybe you’re today’s guest, Erika Brown.

Erika wasn’t raised by real estate investors. No, this was a skill she had to learn completely on her own. In fact, she learned the real estate sales skill without even knowing it! When Erika moved to a new neighborhood in the Atlanta, Georgia area, she was consistently convincing friends to buy properties around her home. She passed these leads along to a local real estate agent until she realized she was casually handing over six figures in commissions.

So, she went ahead and got her real estate license, and later turned a pocket listing into her first real estate investment. From there, she saw a profitable path laid out, all she needed was the partners, lending, and work to actualize it. Now, Erika is sitting on a sizable real estate portfolio, building purposeful and profitable businesses so she can employ members of her community and lead the wealth generation movement in her circle!

In This Episode We Cover:

When part-time agents should make the jump to full-time work (and how to do it)

Quitting the corporate lifestyle to take on more risk as a real estate investor

Cashing out retirement accounts to fund your first (or next) deal

Getting around common real estate roadblocks that lead rookie investors to fail

Having a “purpose-first” business model so you can build wealth and upgrade your community

Why every investor must “do what the wealthy do” to succeed in real estate

And So Much More!

Links from the Show:

BiggerPockets Live Q&A

TEDx Talks: How to Succeed at Doing Anything | David Greene | TEDxRoseville

The Last Dance - A docuseries that chronicles the rise of superstar Michael Jordan and the 1990s Chicago Bulls

Peerspace

Facebook Groups

Check the full show notes here: https://www.biggerpockets.com/show572

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

571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal Feb 15, 2022

Real estate underwriting isn’t a commonly used term within the residential world. If you’re used to dealing with single-family homes, duplexes, triplexes, or quadplexes, you’ve probably done real estate underwriting to some degree, but you’ve called it “real estate analysis”. In both scenarios, investors are looking at what they’ll make on a deal, how much they need to invest, and what exit strategies they have.

But, in a hot housing market, like we’re in today, by the time you analyze a deal, a deal may already be gone. You need a way to quickly sort deals into the “pursue” or “dump” piles, and Andrew Cushman, expert multifamily investor, may have just the solution for you. Andrew has been on the BiggerPockets podcast before and manages over 2,600 units, so he definitely knows what he’s talking about!

Today, Andrew showcases the phase one underwriting he uses to decide quickly on deals, as well as the four levers to look at before even getting into underwriting. His system can save you hours, or even days, if you’re a full-time investor, and it helps rookie investors quickly analyze deals so they can get into the game. Now, residential owners can transition into commercial real estate with better scale and bigger profits.

In This Episode We Cover:

How Andrew scaled from zero to 2,600 units in only ten years

The basic screening process that allows you to triage your deals and waste less time

Four levers every investor should look at when analyzing a new deal

The six factors of phase one multifamily underwriting and using it to unlock “home runs”

Developing and nurturing broker relationships so you can get off-market deals before your competition

And So Much More!

Links from the Show

BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene

BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman

BiggerPockets Podcast 270: Turning Your Primary Residence Into 40 Units & Financial Independence with Amy Arata

How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman

Hal Elrod's Website

Submit your Question for an upcoming Seeing Greene episode!

CoStar

ESRI

LoopNet

Check the full show notes here: https://www.biggerpockets.com/show571

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

570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale Feb 13, 2022

Your rental portfolio can either be your ticket to financial freedom or a massive headache, but it’s completely up to you, the investor, to decide. Many investors who have been stacking up properties over the past few years now realize they’re sitting on a significant amount of equity. But what is the best way to use this equity without raising your stress levels in the process? Should you buy more units or focus on getting better, smaller, cash-flowing deals?

David Greene is here to help alleviate you from the decision-induced stress, as he’s been dealing with these exact types of questions personally and with many of his buyers recently. In this Seeing Greene episode, David takes answers from BiggerPockets listeners both in video and written form, discussing topics ranging from scaling your real estate portfolio, outsourcing “heavy” tasks with a virtual assistant, and whether to cash-out refinance or use a HELOC(home equity line of credit).

David also answers the age-old question of whether or not unit count matters when it comes to cash flow and long-term wealth building. You may be surprised to hear that many investors' “unit counts” don’t accurately reflect the size of their personal holdings. You’ll also get advice on how to find a great real estate agent from one of the top agents in the country!

If you’d like to ask David a question, be sure to submit yours here!

In This Episode We Cover:

How to grow your real estate portfolio in spite of fluctuating market conditions

Using virtual assistants to outsource the repeatable, “heavy” tasks on your plate

When the right time to sell an investment property is (especially with HIGH appreciation)

Transferring a rental property from your LLC into your personal name, and the implications that come with it

The two types of agents and which one you should use for buying investment properties

HELOCs vs cash-out refinances and the specific uses of both

And So Much More!

Links from the Show

Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder

BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?

BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

Click here to check the full show notes: https://www.biggerpockets.com/show570

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

569: Rich Dad's CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright Feb 10, 2022

If you’re asking your CPA how to not pay taxes, this may be the perfect episode for you. In fact, this episode is geared towards anyone making money in real estate, and listening could save you a massive amount in taxes over your lifetime. But isn’t tax reduction only for the ultra-rich? How can the average, everyday investor who has one, two, or a dozen rentals keep more of their capital so they can invest in more deals?

Tom Wheelwright is the exact man to ask this question to. He’s so good at what he does, that he’s been advising Rich Dad Poor Dad’s Robert Kiyosaki for decades. Tom is dedicated to minimizing the tax burden that he and other investors suffer from. If you’ve read Rich Dad Poor Dad, a lot of Tom’s strategy will sound familiar, but in reality, it’s what all intelligent investors are doing.

In today’s episode, Tom walks through the biggest areas where real estate investors can cut their tax bills, how to generate losses through depreciation, building an investment system, and the five steps to eliminating income tax from your real estate deals. If you make money in real estate, no matter how, this is information you can NOT live without.

In This Episode We Cover:

Why rich investors pay fewer taxes than those who are employed or self-employed

Tax incentives vs. loopholes and why one is risky and the other is celebrated

Where investors can look to greatly reduce their taxable income

How real estate debt gives investors far less risk in their deals

Deprecation, recapture, and how real estate gives you a leg up on income tax reduction

Whether or not you should hold a real estate investment in an LLC

And So Much More!

Links from the Show:

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

Amazon

The CASHFLOW GAME by Robert Kiyosaki

The Real Estate Strategies Podcast with Ken McElroy: QUITTING Your 9-5 for Real Estate Investing (with BiggerPockets' David Greene)

Ken McElroy's Official Website

Robert Kiyosaki's Official Website

Listen to the full episode: https://www.biggerpockets.com/show569

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

568: BiggerNews February: Analyst Who Predicted '07 Crash Sees "Yellow Flags" w/ Ivy Zelman Feb 08, 2022

The housing market is an evolving beast that almost no one can accurately map. With so many investors on opposite sides of the fence when it comes to housing market crashes and corrections, it’s nice to hear the thoughts of someone who has accurately predicted past crashes. We’re honored to have Ivy Zelman from Zelman & Associates on today to discuss the modern housing market, supply chain shortages, and overbuilding problems.

Zelman accurately predicted the 2007 housing market crash and has been on the front line of analysis and forecasting when it comes to all things housing market-related. She’s seen the data firsthand and has a broad understanding of which factors specifically impact prices, demand, and overall availability. David Greene and Dave Meyer take some time to ask her the top-of-mind questions that investors and first-time homebuyers want answered.

If you’re planning on purchasing real estate in the next year or two, it may be best to get Zelman’s opinion before putting in your offer. She’s seeing multiple “yellow flags” that may signal stark changes within the housing market, either allowing you to scoop up better deals in the near future or at least mitigate loss when buying at these record-high prices.

In This Episode We Cover:

The similarities between the 2007 housing market and today’s housing market

Affordability and how it greatly impacts both buying and selling behavior

The “overbuilding problem” we’re seeing with many multifamily developers

Supply chain problems, labor shortages, and other factors impacting new construction

Who should (and should not) buy real estate over the next couple of years

And So Much More!

Links from the Show

BiggerPockets Jobs

Cradle to Grave by Zelman & Associates

National Association of Realtors (NAR)

Listen to the full episode: https://www.biggerpockets.com/show568

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

567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties Feb 06, 2022

The 1% rule, HELOCs, BRRRRs, cash-out refinances, and cash flow are all topics on this episode of Seeing Greene. As always, you’ll be joined by our jiu-jitsu loving, metaphor-creating, top-tier agent and investor, David Greene as he takes questions submitted via video, on YouTube, and through the BiggerPockets forums. With so many new investors getting into real estate, there is no better time than now to sit down, relax, and get into the mind of an expert.

If you’re a rookie figuring out how to get financing for your first real estate deal or a veteran investor debating cash flow vs. appreciation and the usability of the 1% rule, be sure to stick around. David touches on all these topics and more as he dives deep into some of the most asked questions around the real estate community.

You’ll hear about out-of-state investing, the best real estate investment for cash flow, the implications of partnering with a romantic partner, ADUs (attached dwelling units), and how to get around the dreaded six-month seasoning period of cash-out refinances. If you’d like to ask David a question, be sure to submit yours here!

In This Episode We Cover:

Securing financing when you don’t have any deals under your belt

Whether to use a cash-out refinance or HELOC (home equity line of credit) on your next BRRRR

Whether or not triple net lease properties are worth investing in and the risks

Why David changed his stance on cash flow vs. appreciation over the past few years

Whether or not the 1% rule is still viable for modern real estate investors

How to get around the six-month seasoning period of refinances

And So Much More!

Links from the Show

BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?

BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?

Click here to check the full show notes: https://www.biggerpockets.com/show567

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

566: 10 Properties in 8 Months by Saying “No” More Than “Yes” w/Jason Rash Feb 03, 2022

How many rental properties do you own? It could be one or one hundred rentals. But, whether you’re a rookie or veteran real estate investor, it’s hard to not be impressed by Jason Rash’s story. Jason has put off investing in real estate for most of his working life, focusing more on passive income streams like investing in stocks. This all changed when Jason saw tens of thousands in stock value disappear from his accounts.

He wanted something more reliable, stable, and calculated that he could control. Of course, real estate investing fits that criteria exactly. So what did Jason do? Did he go and buy one rental, wait a few years, and then try to buy another? Nope. Jason went and bought ten properties over the span of eight months. That more than one property a month within his first year of investing!

Be warned, there is a method to this madness. Jason has a tight control on his long-distance investing, having only the best agents, property managers, plumbers, electricians, and contractors on speed dial. This wasn’t a system he fell into, this was a system he intentionally built. Jason shares his six-part criteria that any new investor can use, especially when trying to minimize headaches and maximize cash flow.

In This Episode We Cover:

The huge competitive advantage of having local knowledge and a core four

Lowering your property management fee while creating a win-win for both parties

Seller credits and using them to finance house repairs and upgrades

Fighting off “shiny object syndrome” so you can stay focused on your goal

Jason’s six-step criteria to buy headache-free houses when investing from a distance

Building a scalable, repeatable, simple system for finding, funding, and closing on great deals

And So Much More!

Links from the Show:

TEDx Talks: How to Succeed at Doing Anything | David Greene | TEDxRoseville

David Greenes's Instagram

Grant Cardone's Website

Check the full show notes here: https://www.biggerpockets.com/show566

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

565: How to Take the Fear Out of Investing in New (or Bigger) Deals w/Bestselling Author Kindra Hall Feb 01, 2022

Analysis paralysis is always lurking. Even the most experienced investors feel it before they pull the trigger on a new deal, business, or strategy. It’s not to say that careful consideration of an investment isn’t a crucial requirement to success, but the mental stuttering we feel when trying to make a decision can leave us in a foggy stupor. When we feel like this, we do fewer deals, build less wealth, and live our lives half full.

Kindra Hall, bestselling author, master storyteller, and real estate investor knows this feeling all too well. She watched her husband struggle with analysis paralysis during the mass foreclosures of the great recession. Thankfully, she and her husband took the time to catch, analyze, choose, and install a better outlook, or story, for their investing future. This type of mental mechanism allowed Kindra and her husband to grow their real estate holdings and buy the beach house of their dreams.

In today’s episode, Kindra outlines the four steps every investor needs to go through to create better mental stories that will push you to the finish line, instead of keeping you in investing anxiety. If you’re still waiting to purchase your first investment property, we recommend taking this advice to heart, trying it out, and taking action!

In This Episode We Cover:

The stories we outwardly and inwardly tell ourselves that could hurt our success

How to crush hesitation so you can make the right decision faster

Shrinking limiting beliefs about what we can and can’t do

The four-step process to redesigning your story and installing a new one

How Kindra got a $1M+ beach house for well under asking price

And So Much More!

Links from the Show

BiggerPockets Jobs

Holmes on Homes (TV Series)

Amazon

Barnes and Noble

Robert's Youtube Channel

Check the full show notes here: https://www.biggerpockets.com/show565

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

564: Difficult Tenants, Taking on Investors, & Leaving a Safe Job for Real Estate | Q&A w/Rob Abasolo Jan 30, 2022

Bad tenants? Funding hiccups? Scaling too fast? These are just some of the problems real estate investors have to deal with every day. What’s the prize for all this work? Financial freedom, personal fulfillment, and the time to do what you want, with who you want, wherever you want! It’s no surprise that real estate investing is one of the best ways for the average person to build wealth. But what do you do when things go wrong?

Expert investor, agent, lender, and podcast host, David Greene, is joined by short-term rental pioneer and YouTube personality, Rob Abasolo, to answer questions from rookie and veteran investors. These questions are thrown at our experienced hosts without any prep, allowing them to come up with quick solutions that could answer a question you’ve been wishing someone would ask.

David and Rob touch on topics that almost every investor will deal with, such as: how to take on private money for the first time, creative ways to fund your rehab, tips for setting up a short-term rental, when to quit your job and pursue real estate full-time, and how to get rid of headache tenants.

In This Episode We Cover:

Should you own real estate in an LLC or in your personal name?

How to legally (and ethically) raise private capital for real estate deals

The best ways to fund a rehab, especially when you’re low on cash

The biggest mistake that short-term rental hosts make when setting up their first rental

Valuing your time vs. money and when to quit your W2

Inheriting tenants and what to do when renters won’t pay on time (or at all)

And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show564

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

563: W2 Retired and Traveling the World with Just 15 Units w/Sarah Weaver Jan 27, 2022

Long-distance investing may sound like an impossible feat to achieve for many investors. What if something goes wrong in the house? What if something needs fixing? What if there are problems with tenants? As today’s guest Sarah Weaver puts it, “do nothing”, your core four can handle it all so you don’t have to stress.

Sarah knows what she’s talking about—she’s been a nomadic landlord for years now, teaching agents and investors how to grow their businesses while living their dream life. Sarah was able to close on twelve units while operating abroad and working remotely. She was buying fourplexes while hiking in New Zealand, landlording while on the beaches of Bali, and growing her businesses while enjoying everything South America had to offer.

Sarah embodies the exact type of life so many investors are looking for. The difference between most investors and Sarah? She let go of fear and kept her goals in mind, no matter what she was doing. This way, she’s been able to retire off of fifteen rental properties in less than a decade while running her own business, traveling, and really doing whatever she wants!

In This Episode We Cover:

Really long-distance investing and how your boots on the ground team make it possible

How to find an investor-friendly agent that will provide big value to your business

What agents need to know before they start working with real estate investors

Having a crystal clear criteria and using it easily find real estate deals

Medium-term rentals that provide less risk and more rent than long-term rentals

The long-distance BRRRR and using it to invest in affordable areas

Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder

And So Much More!

Links from the Show:

Hospitable (formerly Smartbnb)

Keller Williams Website

Personal Capital

Robert Abasolo's Instagram

How to Use the DISC Profile to Communicate Effectively in Business , an article by David Greene

Robert Abasolo's TikTok

Craig Curelop's BiggerPockets Profile

Matt Faircloth’s BiggerPockets Profile

Check the full show notes here: https://www.biggerpockets.com/show563

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

562: How to Make 2022 Your Best Year Ever Jan 25, 2022

“How to invest in real estate?” is a commonly searched-for term across the internet. With home prices continuing to climb and inventory staying low, more people want to know how it’s possible to buy real estate in turbulent times like 2022. It’s no surprise there’s been an uptick in investors—real estate offers consistent, reliable returns, paired with big tax benefits and the ability to scale with ease.

But don’t you worry, we’re not going to make you go through all the trips and stumbles uneducated investors have to face. David Greene, host of the BiggerPockets Real Estate Podcast, has made these mistakes for you, so you can achieve financial freedom faster and with less stress.

David shares eleven powerful tips that you can use to make 2022 your best investing year yet! He also provides examples from his own investing career on what you should (and should not) do when getting your footing in the investing world. If you pair this information with daily consistent action, you’re in for a phenomenal 2022 (and beyond)!

In This Episode We Cover:

Eleven powerful tips to make 2022 the best investing year ever

Why new year’s resolutions don’t always work, plus a better way to set goals

The three keys to success in real estate, life, and business

Building out your LAPS funnel so you always have deals coming in

The best real estate investing tools that you should take advantage of

A special discount off BiggerPockets Pro just for listeners of this episode

And So Much More!

Links from the Show

BiggerPockets Pro Exclusive Videos

Biggerpockets Pro Upgrade (Code: REPOD1)

Hustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene

Real Estate Investing Bootcamps

Webinar Slides

Webinar Workbook

BiggerPockets's Instagram

BiggerPockets Investment Calculators

Foreclosure.com

Email: support@biggerpockets.com (for refund)

Check the full show notes here: https://www.biggerpockets.com/show562

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

561: Establishing Your “Beachhead” to Work Less and Invest MUCH More | Q&A w/Craig Curelop Jan 23, 2022

House hacking, renting by the room, co-living, boarding houses? These are all things that author, investor, real estate agent, and expert hacker of houses, Craig Curelop, is used to. Craig got his start in real estate investing by renting out rooms in his own home, having his roommates pay his mortgage for him, and eventually skating on to financial freedom.

Craig is joined by another familiar expert house hacker and real estate investor, David Greene, to answer questions around lending, leases, and the legality of raising private money. With so many new real estate rookies in the investing sphere, this episode is a great intro for anyone who’s looking to plan, start, or scale their next real estate investment.

Craig and David fire from the hip in this episode, answering questions live with topics ranging from scaling your business while keeping your free time, refinancing on a shared boarding house, raising private capital (equity vs. debt), what to expect when you house hack, and how to rent out your home in the snowy winter.

In This Episode We Cover:

Establishing your “beachhead” as an investor, business owner, or real estate agent

Strategizing your refinance when your home is less than conventional

How much interest to promise investors and when to raise capital

Planning your house hack purchase and setting up your home for multiple roommates

Precautions to take when renting out your home in the winter

And So Much More!

Links from the Show

BiggerPocket's The Ultimate Beginner's Guide to Real Estate Investing

Click here to check the full show notes: https://www.biggerpockets.com/show561

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

560: Double Your Rental Income with Co-Living Cash Flow w/Sam Wegert Jan 20, 2022

Co-living (coliving) may sound a bit scary at first to a landlord. You have a bunch of young professionals living under one roof. What if there is an argument over cleaning, what if there is a fight that breaks out, will my property be ripped to shreds? Let today’s guest, Sam Wegert, quell your fears—co-living and house hacking can rake in cash flow, with way less of a landlord headache.

Sam is no stranger to entrepreneurship and real estate investing. He bought his own martial art studio at the age of fifteen and his first rental property at nineteen years old. Now he boasts a portfolio of over twenty-two long-term rentals, ten short-term rentals, seven martial arts studios, and one online program. Even more impressive, Sam is managing over 150 different tenants throughout his thirty-two properties.

How does he do this without ripping his hair out? Well, aside from the relaxation that comes after an intense sparring match, Sam has systematized his real estate business into a cash-producing machine. He has had to build his own property management and his own policies that help keep him, and his tenants, happy. If you’re looking for your next cash cow rental investment, this could be it!

In This Episode We Cover:

Starting a business and buying property at an impressively young age

House hacking and why every young investor should try it

Keeping the peace in a co-living house and building a bullet-proof lease

What to look for when buying co-living properties (size, bedrooms, bathrooms, etc.)

The systems Sam uses to keep his rental property business running smoothly

Developing discipline to take on bigger, scarier challenges (and crush them!)

And So Much More!

Links from the Show:

BiggerPockets Youtube: BRRRR and Rent by the Room: Retire from Real Estate with few properties with Ron Gallagher

BiggerPockets Podcast 392: $12,500 per Month in ‘Pure Cash Flow’ With Todd Baldwin

BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn

The Tony Robbins Podcast

Craig Curelop's Instagram

Craig Curelop's Tiktok

Life Door Rentals Website

Connect with Sam:

UpLevel Martial Arts Website

Sam's Facebook Profile

Sam's Coliving Course

Sam's Facebook Page

Check the full show notes here: https://www.biggerpockets.com/show560

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

559: 1,000 Units as a Part-Time Nurse and the System That Helped Her Get There w/Stephanie Betters Jan 18, 2022

Real estate CRMs (customer relationship management) aren’t the most exciting things to talk about…that is until you look at the results they help build. Before building her own CRM, Stephanie Betters was struggling to grow her real estate portfolio. She had an original goal to acquire fifteen units before her children went to college, but realized that her taxing job as a nurse wouldn’t allow it. For her to hit fifteen units, she would have to scale, automate, and delegate tasks.

She did just that and overshot her goal by a significant margin. As of now, Stephanie has 1,000 rental units and is wholesaling and building another 200 deals per year. She’s doing all of this while working as a part-time nurse, which truly shows her real estate system is a well-oiled machine. But, this system wasn’t just dropped into her lap, she had to build it herself using Salesforce as a base.

If you’ve been thinking about scaling your business, no matter what stage you’re at, Stephanie has recommendations for how to do so in the best way possible. This includes systems for the novice investor/house hacker up to the streamlined syndicator and everything in between.

In This Episode We Cover:

Incorporating “real estate tech” at each stage of your investing journey

Using CRMs like salesforce to automate your entire business

Hiring, training, and leading a team of virtual assistants (foreign and domestic)

“Lead leakage” and how it could be costing you thousands every month

The three most important KPIs every investor should be tracking

Text, email, and other outreach-type automations that will save you time

And So Much More!

Links from the Show

BiggerPockets Business Podcast

BiggerPockets Business Podcast 80: Turning Problems Into New Income Streams With Stephanie Betters

Left Main

Blinkist

Check the full show notes here: https://www.biggerpockets.com/show559

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

558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate? Jan 16, 2022

Cash flow is arguably the most important metric in real estate investing…that is if you’re talking to novice investors. Expert investors, like David Greene, know that cash flow is but one of many factors to consider when buying a rental property, and it’s arguably the least important. While rookie investors focus on building their cash flow, veterans focus on building their wealth while freeing up their time.

On this week’s episode of Seeing Greene, your jiu-jitsu and real estate sensei is back to drop some wealth-building bombs so you can work less, live more, and lead a happier life. David takes questions in the form of video submissions as well as questions off of the BiggerPockets forums. The topics of these questions range from HELOC (home equity lines of credit), buying rentals without a W2, cash flow vs. appreciation, and why rent appreciation isn’t matching home appreciation.

Want to ask David a question? Send in your video submission here!

In This Episode We Cover:

When to use HELOCs, hard money loans, or conventional loans to buy rentals

How to find financing for a rental when you don’t have W2 income

What sellers look for when deciding on which offer to take

How to lower your DTI (debt-to-income) ratio so you can qualify for more loans

Whether or not to focus on cash flow or appreciation for long-term wealth building

Why rent growth cannot and will not match home price appreciation

And So Much More!

Links from the Show

BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?

BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

Click here to check the full show notes: https://www.biggerpockets.com/show558

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

557: Raising Millions of Dollars (and 8 Kids!) After Dumping Her Day Job w/ Esther Reizes-Lowenbein Jan 13, 2022

Raising capital for real estate investing is a far more useful skill than most people realize. If you have a strong knack for networking and the social skills to connect with many different individuals, you could be the exact piece that almost every investor is looking for. As more investors get into the hot commercial real estate market, they’ll need private capital to fund their deals. So who better than you to connect the investor and the deal finder for a piece of the cash flow pie?

If you’re worried about the time commitment of raising capital, let us introduce you to Esther Reizes-Lowenbein, who not only worked as a broker, capital raiser, and investor but also is raising her eight children while doing it. Fortunately for Esther, raising capital is something she loves to do, as she has a strong communication background with her former training in speech pathology.

If you’re getting the itch to start investing in bigger deals, but don’t know how to get started, Esther can help. She walks through the different roles in commercial real estate, whether to invest, syndicate, or stick with small deals, and how to become a capital raiser yourself (the right, legal way).

In This Episode We Cover:

General partners, limited partners, and every commercial real estate role in between

Whether to invest, syndicate, or continue to buy small deals yourself

How to legally (and ethically) become a great capital raiser

The biggest mistakes commercial brokers make early into their career

The hottest property types and which you should look into for 2022

The Achilles heel of most short-term rental deals

And So Much More!

Links from the Show:

BiggerPockets Podcast 518: The Biggest Takeaways from BPCon 2021 | Live Host Panel from NOLA

BiggerPockets Podcast 366: 40 Doors in the First 2 Years with Henry Washington

BPCON2021 - New Orleans

Henry Washington's Instagram

Check the full show notes here: https://biggerpockets.com/show557

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

556: The Most Feared BRRRR Step (and How to Get Over It) | Coaching Calls Jan 11, 2022

If you’re rehabbing a rental, performing a BRRRR, building an ADU, or even getting into new construction, now is a challenging time for you. With supply chain problems, limited materials, and all-time high housing prices, contractors are in low supply. Even when you do schedule a project, the likelihood of your contractors showing up on time can be slim at best.

David Greene is back with another round of coaching calls to give his take on this current contractor crisis, as well as answer questions on the BRRRR strategy, the turnkey rental method, going over budget, and how to stay focused when investing. If you’ve struggled at all with anything related to calculating rehab budgets, liens on properties, and managing contractors yourself, be sure to write down David’s suggestions.

Have a question about real estate investing you want to ask David? Want to help other investors in your position? Submit your question here!

In This Episode We Cover:

Whether or not the turnkey rental model is built to scale your portfolio

Why capital is crucial when investing in real estate over the long-term

Breaking down the BRRRR strategy and walking through the more difficult steps

What to do if your rehab job goes over budget (and how to make it a win!)

Backing out of a contract when a lien has been placed against a home

Where (and how) to find reasonable, timely, and available contractors

And So Much More!

Links from the Show

Submit Your Questions to David

Check the full show notes here: https://biggerpockets.com/show556

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

555: Buying in Expensive Markets & When to Jump Into Real Estate: Live Q&A w/Henry Washington Jan 09, 2022

If you’ve got real estate investing questions, David Greene and Henry Washington have answers. These two real estate investors have been through the good times and the bad times, dealing with dozens of tenants, plenty of 2 AM maintenance calls, and all the fun that comes along the way. Today, they open up their minds to help share answers to some of the most asked real estate questions.

These questions were taken directly from real estate investors, just like you! You’ll get to hear exactly how David and Henry answer tough questions like these, on the spot, with no preparation. If you’ve been itching to ask a question to a high-level investor like David or Henry, stick around, as they might answer your question on today’s episode!

Want to ask a question next time? Submit yours at biggerpockets.com/david!

In This Episode We Cover:

How to buy properties in an expensive market (and still cash flow!)

Whether or not you should convince a seller to owner-finance you a deal

Saving up down payments vs. using HELOCs (home equity lines of credit) to purchase your deals

When the right time to jump into real estate is (and how much you should have saved)

Whether or not you should buy a house that’s on a septic tank

How to finance more properties when you’ve personally maxed out your DTI (debt-to-income ratio)

And So Much More!

Links from the Show

Managing a property in-house vs. hiring a third-party property manager

Click here to check the full show notes: https://www.biggerpockets.com/show555

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

554: 81 Units in 3 Years: All On-Market with NO Bank Loans w/Cody Davis Jan 06, 2022

Profitable on-market properties are all around you, you just need to take the time to look. Oh, we hear what you’re saying, “all those on-market properties are bad deals!” While not all properties sitting on the MLS are home runs, today’s guest Cody Davis can confirm there are multiple cash flowing needles in the public housing market haystack.

Cody and his partner have been able to grow their portfolio to eighty-one units, all through seller financing and all found on-market. These deals not only cash flow but once paid off will allow Cody to retire not only himself but his mother as well. Did we mention that he’s twenty-one years old at the time of this recording? Another under-thirty-expert to add to our list of impressive guests!

While many investors give up after initial pushback over seller financing, Cody goes one step further by having the investor emotionally invest in his success. No tacky sales methods or pushy conversations—just honest work with a clear vision that a seller can relate to. Cody is top of his class in terms of managing properties, acquiring new ones, and working with sellers—a guest ANY investor can learn a lot from!

In This Episode We Cover:

Picking yourself up after a deal falls apart and finding another

“Relationship marketing” and how it helps sellers finance your acquisitions

Raising private capital and being sure your cash flow outweighs your debt

Having a crystal clear vision and using it to fuel all your acquisitions

Why cap rate may be an over-hyped, often useless metric when looking at commercial real estate

Finding real estate deals on-market when there are “no deals to be found”

And So Much More!

Links from the Show:

MLS (Multiple Listing Service) Website

LoopNet

The Office (TV show)

The Office Parkour in YouTube

AppFolio Property Management

Tiktok

Click here to check the full show notes: https://www.biggerpockets.com/show554

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

553: BiggerNews January: Our Top 5 2022 Housing Market Predictions w/David Greene & Dave Meyer Jan 04, 2022

It’s the new year, and that means it’s time for 2022 housing market predictions! Recently, Redfin compiled a list of their ten top 2022 housing market predictions ranging from things like interest rate bumps, to rent hikes, housing price cooldowns, and more. But, are these predictions realistic, and if so, how should investors prepare for them to come true?

David Greene and Dave Meyer are back again to take a look at five of these ten predictions and give their informed, battle-tested opinions on which have the potential to come true. Dave has spent probably every day of the past year looking at housing market data and investing himself. David on the other hand has been running multiple businesses in the real estate vertical, allowing him to see directly what is happening in the market.

With the Dave-duo back in the podcasting saddle, you’ll be able to make wiser investment decisions this year while following the “pendulum swing” of wealth-building in real estate!

Have a happy, healthy, and wealthy 2022!

In This Episode We Cover:

What happens when interest rates start to rise in 2022?

Will new listings hit a 10-year high as housing demand stays steady?

What will rent hikes look like as inflation roars onward?

Whether or not investing in condos could be the underrated real estate play of the decade

Investing in the metaverse and buying virtual real estate

Hedging inflation by making smart, informed real estate purchases

And So Much More!

Links from the Show

Submit Your Questions to David

Dave Ramsey's Website

BiggerPockets Podcast on Apple

Email Us: podcast@biggerpockets.com

Check the full show notes here: https://www.biggerpockets.com/show553

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

552: Kicking Off 2022 with Goal Setting and Live Q&A w/ David Greene Jan 02, 2022

2022 goals are coming upon us. If you haven’t done so already, it may be a great time to sit down alone, with your partner, or with other fellow investors to come up with a rock-solid game plan for this next year. We all want toacquire more units, see higher appreciation, and rake in more cash flow, but without a system and plan to catapult momentum, it’ll be hard to achieve what we dream of.

That’s why David Greene, your new head host of the BiggerPockets Podcast, is here to help you build smart, scalable, accomplishable goals so you can crush 2022 and beyond. David also invites fellow investors, business owners, and entrepreneurs onto the show to have a live Q&A about running a business, cash flow vs. appreciation, developing an investor mindset, dealing with past goals you haven’t accomplished, and accelerating your portfolio growth.

In This Episode We Cover:

David’s 2022 investing, business, and personal growth goals

How to not get bogged down in the day-to-day of your business

Keeping up the momentum throughout the year and celebrating small wins

Where to invest if you’re looking for long-term cash flow

What to do if you don’t hit your goals in 2022?

How to grow your portfolio and build capital to tackle more deals

And So Much More!

Links from the Show

BiggerPockets 2022 Wheel of Life

Click here to check the full show notes: https://www.biggerpockets.com/show552

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

551: Brandon’s Final Episode: Life Beyond Real Estate, w/ David Greene and BiggerPockets Founder Joshua Dorkin Dec 30, 2021

Brandon Turner has been an essential part of the real estate investing community for almost a decade. Some could say that he is THE person most thought of when you say “real estate investing”. But, in a both sad and happy way, Brandon is taking time off from the BiggerPockets Podcast to spend more time with his family, build his business, and surf significantly more.

Due to the magnitude of the occasion, we brought in BiggerPockets’ founder, Joshua Dorkin, to help hand off the keys to the castle to your new show host, David Greene. Brandon, David, and Josh spend this show talking about burnout, identity, the cost of comparison, wealth building, new year's resolutions and goals, and how to become a better person, bit by bit, every day.

We will miss hearing Brandon’s metaphors, jiu-jitsu references, and real estate horror stories from years ago, but we wish him the best of luck on his new ventures and hope to hear him back on the podcast soon with an update. For everyone but Brandon, stick around for new show formats with brand new co-hosts and content that you, the BiggerPockets community, have been asking for.

In This Episode We Cover:

Why burnout can be dangerous and often deceiving on your journey to success

Separating your identity from your occupation and being more than just an investor

The cost of comparison and why being content is the ultimate sign of success

The “Wheel Of Life” practice to help you analyze where you are lacking

2022 goal setting and resolutions, and whether or not they work

Advice on podcasting and taking the reins from Brandon Turner and Joshua Dorkin

And So Much More!

Links from the Show:

BPCON 2021

Hustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene

BiggerPockets Podcast 421: Family Over Everything: How Life Forced BP Founder Joshua Dorkin to Reevaluate His Choices

BiggerPockets Podcast 092: No (and Low) Money Down Real Estate Investing with Brandon Turner

The 'Birds Aren't Real' Conspiracy Movement

Derek Sivers' Website

Live with Kelly and Ryan

Check the full show notes here: https://www.biggerpockets.com/show551

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

550: BiggerPockets Podcast 550: Foreclosures, Flipping, and Creating Your Rental Property “Buy Box” w/Tommy Christy Dec 28, 2021

Tommy Christy has bought more homes than most investors you know combined. While he didn’t have to put up his own money to close on the deals, he did go through the process of lead generating, offering, auctioning, analyzing, and finally closing on them for his hedge fund employer. He was able to score twenty-seven hundred homes in just over two years, before realizing it was time for him to build his personal portfolio a bit more.

When the market crashed in 2009, Tommy saw an opportunity to buy homes at a significant discount. He was essentially buying anything under sixty thousand dollars in California, which turned out to be a good idea seeing how much the state has appreciated in the past twelve years. Tommy knows what it takes for the hedge funds to buy a great deal, but he also knows what they’re overlooking.

Even if you’re not planning on buying two-thousand plus units in two years, Tommy’s knowledge of “buy boxes” and systematizing your lead flow can help you reach a significant unit count, much faster. If you want to partner up on a deal, have a chat, or wholesale a home, get in touch with Tommy at tommy@ilovehouses.com!

In This Episode We Cover:

REOs vs. foreclosures vs. pre-foreclosures (and which you should look out for)

Creative financing and understanding which type falls into which market cycle

Developing your “buy box” and “crystal clear criteria” for real estate deals

Thinking like a hedge fund so you can beat them at their own game

How to scale your portfolio so you don’t just have more units, but less work

Where to find the best lead sources so you can buy, BRRRR, or wholesale as you see fit

And So Much More!

Links from the Show

BiggerPockets Show 551 with Josh Dorkin

David Greene's Company

Wells Fargo

Property Radar

BiggerPockets Podcast 527: 300 Doors, 100% Creative Financing with Pace Morby

BiggerPockets Podcast 543: 5 Tools To Unlock Your “Ideal Life” w/ “Traction” Author Gino Wickman

Josh Dorkin

BiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui

Jeff Brown's BiggerPockets Profile

Supermarket Sweep

Check the full show notes here: https://www.biggerpockets.com/show550

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

549: Building a $2M Portfolio While Raising 2 Kids w/ Maria Friström Dec 26, 2021

Maria Friström is an investor, designer, mother, and business owner from Finland, and she’s one of the only few people that can match Brandon Turner in height. Maria was working in Silicon Valley before she voluntarily left her position to build an empire of her own. She took her down payment savings for a primary residence and on a whim bought a rental property in Fort Collins, Colorado.

She and her husband then decided to move to Finland to raise their children. Through some challenging life events, Maria was left heartbroken and grief-stricken, with a business that became a full-time job for her. She wanted to express her creativity via design, so they decided to move back to America to flip their first rental property in Colorado.

Maria’s inspiring story is a testament to how real estate investing can pull you out of financial, emotional, and mental depths. She has built a real estate empire worth well over two million dollars and has the financial freedom to spend time where she wants, with who she wants, doing what she wants.

In This Episode We Cover:

How to build your real estate portfolio without building yourself a job

Using real estate as a hedge against high taxes

Presenting investment opportunities in a professional, efficient way

Healing after heartbreak and using your passions to bring you mental clarity

The 4 keys to raising capital for real estate investing (whether it be banks, private money, etc.)

Why you should always be willing to eat the shiz sandwich

And So Much More!

Links from the Show

David Greene’s Instagram

BiggerPockets Podcast 485: Atomic Habits That Help You Achieve Unthinkable Success w/ NYT Best Selling Author James Clear

How to Retire Early With Real Estate & Do What Matters More with Chad Carson

How to Use the DISC Profile to Communicate Effectively in Business

Click here to check the full show notes: https://www.biggerpockets.com/show549

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

548: How to NOT Get Scammed on Your Next “Real Estate Opportunity” w/Mike Nuss & Tyler Combs Dec 23, 2021

Your real estate partnership may be closer than you think. Maybe it’s that seller you’re talking to on craigslist, maybe it’s your home appraiser, or maybe it’s someone you meet at a sketchy real estate investing company. Mike Nuss and Tyler Combs never planned on becoming partners when they linked up to discuss a potential sale of a property. But, when fate put the two together again in the same company, they decided to split off and use their complementary skill sets to build a real estate empire.

Mike brought the acquisitions and property management side to their business, while Tyler focused on managing and selling flips. Together they brought the rocket fuel of profit and cash flow to their growing business. Now, they’ve acquired more than eighty units and aren’t planning on stopping any time soon.

Mike and Tyler built their business on the back of strong investor relationships, truthful and honest work, and the ability to find seller finance deals. With the combo of creative financing, marketing, and hard work, they’ve become real estate leaders in their area with an expanding portfolio, team, and strategy.

In This Episode We Cover:

How to vet someone who’s raising capital for a real estate investment

Combining flips and rentals to maximize growth in real estate

Using seller financing to acquire more units with less money upfront

Creative financing options like subject to, raising private capital, and more

“Land Banking” and using it to set up your portfolio for future success

Becoming a master in your field and going a mile deep on your strengths

And So Much More!

Links from the Show

BiggerPockets on Itunes

David Greene’s Instagram

BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan

BiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie Duke

Click here to check the full show notes: https://www.biggerpockets.com/show548

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

547: 52 Properties in 52 Weeks with Omni Casey Dec 21, 2021

Buying and selling real estate portfolios isn’t what Omni Casey was raised to think about. As a middle child in a large family, Omni was never given the “investing talk” and was often surrounded by people who thought landlords were greedy. But, Omni had the entrepreneurial spirit, and through trial and error, found real estate investing to be the most reliable, practical, scalable, and fun business around.

He started with a single “condotel” in his native state of Hawaii before branching off into out-of-state investing. For most of the past two decades, Omni never spoke about his investing career to those outside of his immediate family. It wasn’t until recently that he started the “Cash Flow Breakfast Club” for agents in his brokerage to talk about investing, financial freedom, and generational wealth.

Now, with over one hundred properties, Omni is on a mission to purchase fifty-two properties in fifty-two weeks! Although it’s not the end of the year just yet, we’re quite confident that he and his team will successfully cross the finish line.

In This Episode We Cover:

How to get into real estate when your family doesn’t openly talk about money

Finding a mentor and using their expertise to propel you forward

Purchasing real estate in expensive markets and when to value appreciation over cash flow

The questions to ask a potential property manager in a new market

Buying and selling real estate portfolios to create a win-win for both parties

2022 market predictions and why you shouldn’t depend on today’s political environment

The “Cash Flow Breakfast Club” and Omni’s new book

And So Much More!

Links from the Show:

Cashflow Board Game

Click here to check the full show notes: https://www.biggerpockets.com/show547

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

546: Flipping 30 Houses Per Year All While Keeping Wealth-Building Cash Flow w/ Noah Evans and Jeff Fawson Dec 19, 2021

Adversity tends to breed ingenuity and genius. More often than not, smart and capable individuals will find a way to use their hardships as fuel to build something better. This is exactly what house flipping, wholesaling, and rental property-owning partners Noah Evans and Jeff Fawson did.

Noah and Jeff were both following different paths to real estate success, taking on apprenticeships under investors who had already made it big. It wasn’t until Jeff was doing some work on Noah’s house that the two began talking, realizing they had the same type of past conflicts and saw each other’s strengths as their own weaknesses.

Now, they’re building a systematized, scaling real estate business, operating in multiple markets, and bringing in not only flipping and wholesaling profits but generational wealth-building cash flow. Noah and Jeff discuss how they research markets for investing, systematizing fix and flips down to a point-by-point checklist, and how to make networking beneficial (instead of a drag).

In This Episode We Cover:

Using your past struggles to fuel your future success in real estate and life

Networking in a way that truly adds value to other investors’ lives

Finding a partner who matches your weaknesses and struggles in your strengths

How to identify and research a new market for real estate investing

The systems and tools that Noah and Jeff use to run their scalable business

Paying attention to personal progress, instead of the dollar amount on a deal

How ripped BiggerPockets founder Josh Dorkin has become

And So Much More!

Links from the Show

BiggerPockets on Itunes

Chasing Freedom Website

Click here to check the full show notes: https://www.biggerpockets.com/show546

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

545: Self Storage Investing and Avoiding “Monster Houses” w/ Sergio Altomare Dec 16, 2021

Sergio Altomare didn’t start out investing in self storage. He made a massive leap, making lots of mistakes along the way until he found this gold mine of an asset class. For years, Sergio was buying small multifamily properties, one of them being a “monster house” which he later had to sell due to some serious zoning issues. Once he was introduced to syndications, he knew he could take his portfolio higher, without the headaches of large multifamily.

Now, Sergio has twelve self storage facilities, with a combined valuation of close to $40M. He’s been able to increase his equity by many, many millions with simple value-add strategies like increasing rent, paving parking lots, and installing key-accessible gates for his customers. This isn’t the regular value-add you’re used to with granite countertops and freshly tiled showers; self storage value-add can be minimal with massive results.

Sergio also dives into his long-term exit plans—something every investor should be thinking about. Are you planning on selling your properties one by one to the highest bidder, or will you package them up and walk away with a huge payday?

In This Episode We Cover:

What a multifamily “monster house” is and why you should avoid them

Zoning laws and how they can affect your long-term profit

The pros and cons of investing in self storage facilities

What to look for in self storage facilities and other types of commercial real estate

How to raise money for your deals (even if you’re a new investor)

Defining your exit plan so you can walk away rich after building your portfolio

And So Much More!

Links from the Show:

BiggerPockets on Itunes

Facebook Ads

Google ads

Radius Plus

U-Haul's Facebook page

Blackstone

Bird-in-Hand Self Storage

The Real Estate InvestHER Facebook Community

BiggerPockets Podcast 388: The 7-Step “Playbook” for Scaling Your Real Estate Business With AJ Osborne

Hearthfire Self Storage

BiggerPockets Podcast 286: $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne

Paul Moore's BiggerPockets Profile

Ashley Wilson's BiggerPockets Profile

Liz Faircloth's BiggerPockets Profile

Check the full show notes here: https://biggerpockets.com/show545

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

544: How to Craft a Vivid Vision in Your Real Estate Business w/ Cameron Herold Dec 14, 2021

Cameron Herold developed the “Vivid Vision” format years ago, allowing not only him but other high-level business leaders to peek into the crystal ball of their futures. This vision doesn’t magically come true once you write it out, but mysteriously, those who craft a "Vivid Vision" accomplish, if not exceed, their goals for the future.

No one is more deserving of a call with Cameron than J.B. Klein, our winner of BPCon 2021’s coaching call giveaway. J.B. scaled quickly over the past year to hit a respectable unit count, but he’s feeling traction slip out from under his feet. J.B. wants to ensure that his business is set up to grow if he intends to acquire many multiples of his current portfolio.

To that end, JB crafted a Vivid Vision, and a team of copywriters at Conscious Copy helped turn it into a masterpiece!

This call between Cameron and J.B. is a massive resource to anyone investing in real estate, regardless of business size or experience. Cameron is a highly sought-after business coach and he makes clear, direct points that any listener of The BiggerPockets Podcast can take and expand upon to make their lives more fulfilling.

In This Episode We Cover:

How to craft your three-year “Vivid Vision” of a future business

Describing and defining your why behind business growth, passive income, and freedom

Building strong relationships with your team, partners, and investors

Minimizing anxiety and sleepless nights as a stressed-out leader

Delegating any task that doesn’t include your “genius”

Setting up the core values of your business and sticking to them

And So Much More!

Links from the Show

Conscious Copy (Vivid Vision Copywriting Team)

Invest in Your Leaders Course

BPCon 2021

Keller Williams Realty

1-800-GOT-JUNK?

The Second-in-Command Podcast

Harley-Davidson

David Osborn's Personal Website

JB's Vivid Vision

Check the full show notes here: https://biggerpockets.com/show544

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

543: 5 Tools To Unlock Your “Ideal Life” w/ "Traction" Author Gino Wickman Dec 12, 2021

Gino Wickman’s name is synonymous with business growth, entrepreneurship, and freedom. He spent the majority of his youth building up his father’s company to later sell it for a substantial sum. After teaching others how to do the same, Gino took the time to write books that would pave the way for future entrepreneurial success. Books like Traction, Rocket Fuel, Get A Grip, and his newest book, The EOS Life.

In it, Gino describes the five points of an ideal life: doing what you love, with people you love, making a huge difference, being compensated appropriately, and having time for other passions. Sounds like paradise doesn’t it? Well, if you’re an entrepreneur (or a want-to-be entrepreneur), this “ideal life” is perfectly within your grasp.

On today’s show, Gino walks through how any entrepreneur, nine-to-five worker, or business owner can hit all five of these points and live a truly fulfilling life. Gino mentions five separate tools that can help you along your journey to an ideal life, but the most important piece of this entire show is how you have to put up the risk to take away the reward.

In This Episode We Cover:

Why Gino created EOS (Entrepreneurial Operating System) for business owners

Whether or not you have the six essential traits of an entrepreneur

The five points of living an ideal life (and why they’re closer than you think)

Dropping your $25/hour tasks and starting to focus on $1,000+/hour tasks

Understanding that reward does not come without sufficient risk

Why time off from work can fuel better ideas and help you enjoy life more

And So Much More!

Links from the Show

BiggerPockets Pro Membership - Use discount code: podcast21

BiggerPockets Books by Brandon Turner

BiggerPocket's Ultimate Beginner's Guide to Real Estate Investing

Click here to check the full show notes: https://www.biggerpockets.com/show543

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

542: 22 Doors After “Starting from Negative” w/Billy Dha Kidd Dec 09, 2021

Billy Dha Kidd is better known for his rapping than his real estate skills, but both careers are worth celebrating. Billy’s early life was anything but comfortable — growing up in El Salvador, he was used to no running water and no electricity. He likes to say that he didn’t start at zero but started at negative one-hundred. Billy’s family immigrated to the United States when he was 10 years old, moving first to California and then later to Nebraska.

As a teenager, Billy began rapping as a way for him to express himself but found he loved the craft. Rapping allowed Billy to fill his time with something positive, instead of taking the wrong path many of his friends were on. His rap taught him sales skills, business skills, how taxes work, and most importantly, how to make money.

Reading stories of generational wealth, Billy was compelled to start investing in real estate. He got his first deal, learned a lot about the BRRRR strategy, and continued to put his knowledge to work. Now, he’s sitting on twenty-two doors between eighteen different properties. He gives credit to simply taking responsibility for his outcomes, instead of blaming others or the system around him.

In This Episode We Cover:

Building wealth even if you started with a disadvantage

Developing sales skills and using them when buying and selling properties

Generational wealth and why it means more than just getting rich

Finding deals both on and off-market for the BRRRR strategy

The biggest hurdles that come with owning a large rental portfolio

Creating a sellable, scalable business so you work less and make more

And So Much More!

Links from the Show:

BiggerPocket's Ultimate Beginner's Guide to Real Estate Investing

BiggerPockets Podcast 537: 10 Best Books for Real Estate, Health, and Wealth

Universal Music Group

Myspace

The One Brokerage - The David Greene lending team

Check the full show notes here: http://biggerpockets.com/show542

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

541: BiggerNews December: Zillow Quits Flipping, Inflation News, & "Power Buyers" Dec 07, 2021

Will inflation sink real estate? Is Zillow out of the iBuyer game? And why does my cash offer mean less than it did last year? Dave Meyer, VP of Data and Analytics at BiggerPockets, has heard your questions through BiggerPockets forum posts, YouTube videos, and on Instagram. This data-loving sandwich connoisseur is back to walk you through the biggest stories in real estate.

As incredible as Zillow Offers was, it looks like it won’t be around any longer (at least for a while) since having a half a billion-dollar loss in Q3 of 2021. With Zillow’s exit from the iBuyer and flipping market, other big players like Opendoor and Offerpad have come in to fill the gap. But, what about the new “Power Buyers” in the market? Will they help or hurt real estate investors?

We’ve also seen a run-up in inflation over this past year, causing home prices to artificially soar (especially when paired with low interest rates). So what is the best move for a real estate investor to make in today’s market? Take advantage of low-interest mortgages and all-time high rent prices, or wait for a supposed housing market crash or correction?

In This Episode We Cover:

Why Zillow cut their losses and exited the iBuying arena

The new “Power Buyers” in the housing market and how they could help investors like you

What a 30-year high inflation rate means for asset prices

How to take advantage of record-low interest rates for long-term cash flow

The cities in the US with the highest growing rent prices

What to look for in a rental depending on your estimated retirement age

And So Much More!

Links from the Show

BiggerPockets Podcast 480: Making $200k a Month After Being on the Verge of Bankruptcy

Check the full show notes here: http://biggerpockets.com/show541

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

540: Cop Salary to $300 Million in Real Estate w/ Whitney Sewell Dec 05, 2021

How do you build massive wealth while keeping your passions, family, faith, and bank account intact? Successful real estate investors will tell you the same thing: you need to automate and systematize to make time for it all, and they aren't kidding. Whitney Sewell was working as a cop when he got his start in real estate. Looking at his $35,000 salary, he realized that the long hours and tiresome, but enjoyable work, wouldn’t allow him financial freedom.

Whitney wanted more time with his kids, his wife, and his beloved horses. So, he started attending every real estate conference he could go to, networking with anyone who owned any amount of real estate. He hired a performance coach, built a successful podcast, and flipped his limiting beliefs on their head, so he could tackle big deals.

In only three years, Whitney built a real estate empire with over $300M assets under management. Part of his personal profits are donated to help adopted children and those who need adoptive parents. Whitney talks about how his faith and social goals have played a huge part in his real estate and how doing good must be the driving force behind wealth accumulation.

In This Episode We Cover:

Why it’s important to “overcommit” if you really want to succeed in real estate

The “most dangerous book to reach on a beach”

Why your network is your net worth and pushing yourself to connect with other like-minded investors

Why wealth and faith don’t need to contradict each other

Giving yourself the “thinking time” to spawn new, ingenious ideas

Outsourcing and upgrading your business so you can make more while loving life

And So Much More!

Links from the Show

BiggerPockets Pro Membership - Use discount code: podcast21

BiggerPockets Books by Brandon Turner

The Official BiggerPockets Facebook group

BiggerPockets Podcast 401: Follow these Steps to Get People to Know, Like, and Trust You with Jordan Harbinger

BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless

Harley Davidson

Straight Path Horses Website

Click here to check the full show notes: https://www.biggerpockets.com/show540

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

539: How to Get Your First, Second, or Next Rental Property Dec 02, 2021

If you’re looking to buy your first (or next) rental, you’ve come to the right place! BiggerPockets was founded to help real estate investors network, build their skills, and grow their portfolios. In today’s episode, master of multifamily and all things rental-property related, Brandon Turner, shares how you can build momentum and get your next deal under contract.

By overcoming the three roadblocks of real estate investing, you’ll be able to scale your portfolio to heights you’ve never imagined. Achieve financial freedom or surpass it entirely with intelligent, consistent investing so you (and your family) can live a life you love.

If you’re ready to get started, grab your notepad and pen. Brandon is about to show you why your next investment property is within reach!

In This Episode We Cover:

How to get your first (or next) real estate deal under contract

Defeating the three roadblocks of real estate investing and using them to grow a sizeable portfolio

Why the first few deals matter (and why they definitely don’t)

Using daily consistent action to build a system that works on your behalf

Why most people want to invest in real estate but never do

How to analyze a rental property deal in five minutes (even if you’re brand new!)

And So Much More!

Links from the Show

BiggerPockets Pro Membership - Use discount code: podcast21

BiggerPockets Books by Brandon Turner

BiggerPockets PRO Exclusive videos

The Official BiggerPockets Facebook group

BiggerPockets Podcast 437: How Your “Worst Case Scenario” Can Set You Free From a Job You Hate with MarieForleo

Doug Nordman's LinkedIn Profile

Joshua Dorkin's Website

BeardyBrew Coffee Website

Dave Meyer’s Blog Content

Check the full show notes here: https://biggerpockets.com/show539

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

538: Find the Real Estate You Hate (So You Can Buy the Real Estate You Love) Nov 30, 2021

Not everyone will love commercial investing, mixed-use buildings, flipping houses, BRRRRing, or even traditional buy-and-hold rentals. But you’ll probably find one type of real estate class that you absolutely love. It may take you some time, but if you’re able to find a property type that sparks your creativity, all while providing positive cash flow, you’ll know you made it.

Katie Neason definitely didn't love government-subsidized rentals. She dreaded the phone calls, the repairs, and the unresponsive tenants. Katie thought that upgrading her investing strategy to multifamily housing would solve the problems. Unfortunately, after buying some fourplexes, she realized that too wasn’t for her.

After trial and error, Katie found her true real estate loves: flipping, developing, and mixed-use buildings. So, she went into all three and is doing phenomenal! Katie shares a special Deal Deep Dive where she walks through a degraded downtown building that is now the talk of the town due to her smart negotiating, creative redesigns, and ability to use her network to fund the deal!

In This Episode We Cover:

Why it’s important to find the real estate classes you truly enjoy working on

Understanding the positives and negatives that come with subsidized housing

Revitalizing a downtown through smart planning, designing, and financing

Taking action so you can achieve “hockey stick” growth in real estate

Working with the city so you can collectively build something that adds value to the community

How to negotiate so both the buyer and seller walk away with a win

And So Much More!

Links from the Show

The Self Storage Conference

Maui Masterclass with Brandon Turner and Tarl Yarber

Noah and Jeff's Episode (coming soon!)

BiggerPockets Podcast 511: Getting Your Market, Money, and Mindset Right | 3 Coaching Calls!

How to Invest in Real Estate—The Ultimate Show for Getting Started with Josh Dorkin, Brandon Turner, and 11 Rockstar Investors

BiggerPockets Webinar

JDC Mindset Academy

Audible

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)

Josh Dorkin's Instagram

Check the full show notes here: https://biggerpockets.com/show538

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

537: 10 Best Books for Real Estate, Health, and Wealth Nov 28, 2021

Sometimes the best real estate books aren’t about real estate at all. Or at least, that’s what Brandon and David found out. After rummaging through their bookshelves, Brandon and David decided to give listeners their top ten books that allowed them to reach financial, spiritual, and personal success. Some of these books include classics you’ve heard mentioned on the show before, while others are centered more on human happiness, problem solving, or relationships.

What’s important to know is that these books can help anyone, no matter what stage of the investing journey they’re in. Whether you’re a veteran or rookie, reading a simple concept, sentence, or quote can fundamentally shift how you think about life and investing. Brandon also runs through a dozen more book recommendations at the end of this episode, so if you’ve already read through the top ten, hang around for that!

In This Episode We Cover:

Brandon and David’s top ten book list (for any type of investor!)

Understanding the different parts of the brain and using it to build better arguments and strengthen relationships

Tweaking the “rules of the game” you’re playing in relation to wealth and happiness

Taking on extreme ownership and using it to become a better leader

Developing confidence and how to do so when you’re feeling lost

Communicating more effectively and allowing others to see through your perspective

And So Much More!

Links from the Show

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan

https://www.biggerpockets.com/show537

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

536: How to Get 'Unstuck' | Coaching Calls w/ Brandon Turner Nov 25, 2021

Real estate investing can feel complicated, even when you’re doing well. There’s usually a time when every investor hits an invisible wall and moving on to the next deal, partnership, or business can feel like a slog. When this happens, it’s a good idea to lean on experienced investors who have been through these waves of success, failure, and stagnation.

Brandon Turner, host of The BiggerPockets Podcast, is back with live one-on-one coaching calls with three different investors, all experiencing some form of investor paralysis. Brandon talks to Mike who’s having trouble letting go of control on rehabs, Stephanie who’s had past success but can’t pick her next move, and Sterling who wants to build organic relationships with sellers.

These three investors are in three completely different parts of their real estate investing journey, but all share some of the same headaches. Brandon walks each of them through their predicaments while illuminating some paths forward that could yield them more money, less headache, and a larger portfolio.

In This Episode We Cover:

Always thinking of yourself as “the general” and not a foot soldier in the war

Prioritizing time with family over simple outsourceable tasks

Why real estate investors need to go “a mile deep” to survive in 2021 (and beyond!)

Building organic relationships with off-market sellers

Systematizing an outreach network and drip campaign that allow deals to come to you

And So Much More!

Links from the Show:

Joe Fairless' Best Ever Conference Website

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

BiggerPockets Podcast 409: Giving Yourself Permission to Go BIGGER: the “Bluefishing” Mentality with Steve Sims

Brandon Tuner's TikTok

Check the full show notes here: https://www.biggerpockets.com/show536

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

535: Keep, Refi, or Sell and Scale? | Live Portfolio Analysis Nov 23, 2021

On today's show: a coaching session with David Greene and the winner of a charity auction at BPCon, Carla Holmes from Yellow Square Properties.

Carla is a long-time investor and rookie to commercial investing. She's been cautious with her real estate investing and never took on debt after she went through foreclosure during The Great Recession. Now, she sits on over a million dollars in equity, spread across multiple properties in the Carolinas. Her recent acquisition is a 4.5-acre commercial property that she’ll convert into a parking lot for big rigs in her area.

Since this is a brand new real estate class she’s entering into, Carla wants to be absolutely sure she’s crossing all her t’s and dotting her i’s. David walks her through a live analysis going over the hurdles, work, expenses, and income that this property will bring in. He also helps Carla debate whether selling, refinancing, or keeping her current properties is best based on her one-year financial independence goal.

In This Episode We Cover:

How to analyze a commercial property from scratch with limited property information

Identifying the drawbacks and new potential income stream opportunities on a property

Why so many frugal investors avoid debt, even if it could be of benefit to them

Why you shouldn’t “hit the cones” when investing in a new real estate class

Thinking multiple steps ahead when making a move in real estate

And So Much More!

Links from the Show

BiggerPockets's Instagram

Check the full show notes here: https://www.biggerpockets.com/show535

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

534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off? Nov 21, 2021

Welcome to another episode of Seeing Greene! That’s right, David Greene is back with more real estate answers, some brand new metaphors, and basic Jiu-Jitsu knowledge for the new and experienced real estate investor. In this episode, we’re taking ten questions from BiggerPockets listeners, investors, agents, and rookies looking to build wealth through real estate.

David discusses topics ranging from investing out-of-state vs. in-state investing, whether cash flow or appreciation is a more important metric to track, and how to accurately value a property when using more than just data and numbers. David also gives advice on building systems within your business to help you get more deals, and making your investing machine much more scalable.

This episode has questions from non-investors, rookies, and veterans so no matter what stage of investing you’re in, David answers a question for you!

Have a question you want David to answer on the next Seeing Greene episode? Submit your video submission at Biggerpockets.com/david.

In This Episode We Cover:

The spectrum of investing and why you need to seriously consider cash flow vs. appreciation

Why waiting on the sidelines may lose you more money than investing in a hot market

Using more than just numbers and data to analyze a potential deal

How to return profits to investors and whether an equity or debt split is best

Systematizing your deal flow and taking advantage of CRMs (customer relationship management)

How agents can build their reputation in areas with far higher commission checks

What to do if you feel like you don’t have any valuable skills

And So Much More!

Links from the Show

Biggerpockets.com/start

Submit your questions

BiggerPockets Podcast 322: 3 Things Every Leader MUST Do to Scale with Ben Kinney

Brivity CRM

Click here to check the full show notes: https://www.biggerpockets.com/show534

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

533: No Tenants, Toilets, or Trash? It's Possible, Through Self Storage w/ Paul Moore Nov 18, 2021

It’s easy to get caught up in the world of residential real estate investing. Maybe buy a single-family buy-and-hold deal, or try and flip a house, or why not BRRRR? But, residential real estate comes with many challenges: complicated evictions, clogged toilets, a noisy tenant in your upstairs unit, and many, many more. But, there is an asset class you can invest in without toilets, tenants, or trash problems.

Paul Moore, author, capital raiser, and real estate educator joins us to talk about his newest obsession: self storage investing. Why self storage? Maybe it’s because nobody is living in the property, or that many existing facilities have HUGE value-add potential, or maybe it’s the tax savings, or the ability to increase equity by hundreds of thousands, if not millions, seemingly overnight.

There are so many reasons why self storage investing could be one of the greatest yet rarely spoken of assets in the world of real estate investing. Wondering how you can get started in this high-profit, low-maintenance investing world? Grab Paul’s new book, Storing Up Profits!

In This Episode We Cover:

Why commercial real estate allows you to build wealth faster, smarter, and with scale

The four strategies you can use to build your self storage empire

The massive tax-saving strategies you may be missing out on

Looking for value-add that’s hidden in plain sight

The seven paths a new investor can take to get started in the self storage industry

Income opportunities that could turn thousands in revenue into millions in equity

And So Much More!

Links from the Show

BiggerPockets Podcast 285: 3 Reasons Multifamily Rentals Might Be the Perfect Investment with Paul Moore

BiggerPockets Podcast 286: $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne

Paul Moore’s Blogs in BiggerPockets Blog

J Scott's Personal Website

Tarl Yarber's BiggerPockets Profile

Gary Keller

Jeff Bezos

Tom Wheelwright's Personal Website

Check the full show notes here: https://biggerpockets.com/show533

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

532: Is 2022 the “Perfect Storm” For Multifamily Investing? | J Scott Takeover Nov 16, 2021

If you own a single-family rental or a portfolio of single-family rentals, the world of large multifamily may seem scary to you. There are so many more tenants and units, there’s a different financing structure, and what about finding the deals? At some point, many investors make the jump into the world of multifamily, and they rarely look back. One of our own, J Scott, did the same when he offered a year's worth of work for free in order to learn the multifamily game.

Joining him today are multifamily syndicators and thought leaders Ashley Wilson, Brian Burke, and Joe Fairless. Together these four investors manage over two billion dollars worth of multifamily real estate. And just like many listeners, they at one point started at zero.

J uses this episode as a multifamily roundtable, asking each of these veteran investors about the state of the housing market, where to invest, how to plan an exit, which strategies they use when investing, and how rookie investors can get started. Regardless of your unit count, experience, or real estate skills, all these investors believe that with some hard, creative work, you too can succeed in multifamily!

In This Episode We Cover:

Why 2021 was the “perfect storm” for multifamily (and whether or not it will continue)

Cap rate and why it isn’t as great of a metric as most investors think it is

Creating an entrance and exit plan for a large multifamily deal

Finding the “value-add” that will make you and your investors more money

How to analyze a multifamily market using a number of demographic metrics

Transitioning from single-family investing to multifamily success

Growing relationships with owners, brokers, and multifamily vendors

And So Much More!

Links from the Show

Matthew McConaughey University of Houston Speech

UHaul

Joe Fairless's Podcast

Check the full show notes here: https://biggerpockets.com/show532

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

531: Can’t Find a Deal? Here's How to "Make a Deal" w/ Daniel Harvey Nov 14, 2021

Real estate zoning allows those with a keen eye, creative mind, and delayed gratification to transform a once-vacant warehouse into a massively profitable multifamily deal. While this isn’t as easy as the simple buy-and-hold strategy of real estate investing, it can generate far more profit, equity, and appreciation than buying a single-family home or even multifamily buildings outright.

J Scott joins David Greene to talk with Dan ‘The Real Estate Man’ Harvey, who has been using this multifamily conversion strategy for years after he realized how many vacant commercial properties were being under-analyzed by investors. The tactic isn’t too complicated: find a commercial property with the right zoning, convert it into multifamily housing, stabilize, refinance, and do it again! Dan says that this strategy is a slight off-shoot of the ever-popular BRRRR strategy, but with FAR more upside.

Even if you know nothing about zoning, construction, or analyzing big deals, Dan will help you navigate how to do your first multifamily conversion in this episode. He even gives a direct callout to anyone who wants to help him and learn from his experience!

In This Episode We Cover:

Understanding the different types of zoning codes in your area

Finding the “best use” of a property and using that to siphon off maximum profit

How “By-Right” zoning allows investors to fully capitalize on a property’s best use

Calculating future rents and value of a property after a multifamily conversion

Combining residential and commercial space to eliminate vacancies on your property

Building a team and finding a mentor that will give you the knowledge to grow

And So Much More!

Links from the Show

Brandon Turner's BiggerPockets Profile

BPCON 2021

Robert Kiyosaki's Website

Click here to check the full show notes: https://www.biggerpockets.com/show531

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

530: Finding the “Hidden Gold” Most Investors Miss Both On & Off-Market Nov 11, 2021

Having limited lung capacity while playing college basketball seems almost impossible. But, like almost everything else in Nolan Gottlieb’s life, he pushed through it to accomplish his dreams. Hard work and determination are what allowed Nolan to step onto that basketball court, even with a severe physical disadvantage. The same determination is exactly what allowed him to close on nineteen units in just ten months of investing.

Nolan didn’t know anything about real estate; he couldn’t even describe what a mortgage was if you asked. But, as he ventured off the basketball court and became a real estate agent, he knew that agent commissions wouldn’t protect him and his family if he got sick again. He needed long-lasting wealth, passive income, and an ability to scale his success.

He started out partnering with a friend on a BRRRR. It went so well, he decided to tackle an off-market deal. Nolan was able to close not only on one off-market deal, but on a fourteen-unit apartment building as well, thanks to his six steps to find “buried gold” in his market.

In This Episode We Cover:

How to accomplish your goals, even if you start at a severe disadvantage

Why passive income sources far outweigh one-time profits

The six steps to finding profitable, undervalued off-market properties

Taking down a fourteen unit apartment building as a rookie

What appraisers look for when going through your property

Discovering your “why” behind investing in real estate

And So Much More!

Links from the Show:

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

BPCON 2021

Duke University's Blue Devils Basketball Team

Bobby Hurley's Wikipedia page

C.S Lewis's Website

Brandon Turner BiggerPockets Profile

Robert Kiyosaki's Website

Check the full show notes here: https://biggerpockets.com/show530

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

529: “Free Real Estate”, Negotiations, & Market Cycles | 'Takeover' Ep w Pace Morby Nov 09, 2021

Creative financing solves an important problem for almost every type of real estate investor. Don’t have enough cash? Try creative financing! No credit? Try creative financing! Ran out of conventional loans? You already know what we’re going to say...One of the most knowledgeable real estate investors around, who pretty much reinvented the subject to deal, is Pace Morby, and he’s here with us today!

Pace invites four guests onto the show to ask him their most burning questions about subject to deals, creative financing, legal protections when investing in real estate, and how to negotiate with a seller. Even if you’ve never thought of doing a creative financing structure, Pace may convince you that there’s good reason to be educated on them, as it could help you save thousands in closing costs and allow you to scale your portfolio much quicker.

In This Episode We Cover:

What are novation agreements and why they may be a great secret negotiating tactic
Whether or not today’s housing market shows similar signs to the 2007 crash
How to calculate profits for a potential buyer on a wholesale deal
Whether or not an LLC is necessary when buying rental properties or flips
The inexpensive team member that could help take HOURS of work off your plate
What to do when a seller won’t come down to your maximum offer
And So Much More!

Links from the Show

Check the full show notes here: https://biggerpockets.com/show529

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

528: 5 Questions to Ask EVERY Seller & Finding the “Bunnies” To Close the Deal Nov 07, 2021

Closing off-market deals is one of the best ways to start stacking your real estate portfolio, especially while the housing market is so hot. But, off-market deals often require cold-calling, which is something that makes many investors’ blood run cold. So, how do you talk to a seller in the most confident, comfortable, and competent way? You start by asking the five questions Pace Morby, master of off-market deal-finding and creative financing, has laid out.

These five questions were developed over years of cold calling and door knocking. They were specifically designed to walk a seller through a transaction, making them as comfortable as possible, allowing them to bring up their own limitations, and giving you the space to close if the deal fits. This is not your typical “call the seller and give them a cash offer” piece of advice. These questions run far, far deeper than that.

If you’ve wanted to try flipping, wholesaling, or even just off-market deal finding, this may be the perfect episode to listen to, as a veteran investor lays out the exact questions he used to close on 500+ off-market deals.

In This Episode We Cover:

Why every seller has their own “bunnies” and what you can do to find them

Asking questions that allow sellers to illuminate silent partners in the deal

Why you should NEVER tell sellers what is wrong with their property

Helping a seller create a story and allowing your offer to fuel it

Pulling out missing information when initially interviewing a seller

Going in for the close without becoming a pushy salesperson

And So Much More!

Links from the Show

BiggerPockets Podcast 527: 300 Doors, 100% Creative Financing with Pace Morby

Triple Digit Flip on A&E

Pace Morby Interviews Jerry Norton On How He'd Get His First Deal

Click here to check the full show notes: https://www.biggerpockets.com/show528

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

527: 300 Doors, 100% Creative Financing with Pace Morby Nov 04, 2021

Pace Morby’s name has become synonymous with seller financing, subject to deals, and flipping. He is one of the most educated players in the real estate game on all things related to non-traditional financing. He even taught Brandon Turner, the author of Investing in Real Estate with No (and Low) Money Down, a thing or two on today’s show!

Originally working as a contractor, Pace was hired on as a flipper for some popular iBuyer portfolios. He flipped over a thousand homes a year but was doing so without building any wealth for himself. This is when he began flipping his own homes and slowly, steadily building a portfolio of rentals that would provide him with the cash flow he desired. Did we mention he did this entirely without bank financing?

Since Pace is the go-to investor for all things creative financing, Brandon and David took advantage of his time on the show to ask him about subject to strategies, seller financing tips, and how he takes a seller from consideration to closing. If you’ve been wondering how to build your rental portfolio without down payments, credit checks, or preapproval from banks, this is THE episode to listen to.

In This Episode We Cover:

Outsourcing your business so you aren’t the driver of every deal

Structuring a subject to deal and using it to create a win for the seller

Why you shouldn’t be afraid to offer full price on a seller finance deal

The first phrase you should say to any seller when viewing their property

What to do when your “due on sale” clause comes to fruition

How to find work, meet investors, and grow your brand through social media

And So Much More!

Links from the Show:

BiggerPockets Podcast 493: How COVID Changed Real Estate Forever (+How it Didn’t!) with Ken McElroy

Triple Digit Flip on A&E

BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss

Equity Assurance

The Moth Podcast

Grant Cardone’s Instagram

Ken McElroy's Website

Pace Morby Interviews Jerry Norton On How He'd Get His First Deal

Chris Voss' LinkedIn

Freebies from this episode:

Pace's ebook on Subto

Exclusive seller video calls

Check the full show notes here: http://biggerpockets.com/show527

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

526: BiggerNews November: Congress's $40B Sucker Punch to Real Estate Investors (See Update!) Nov 02, 2021

[NOTE: Since this episode was recorded, some events have changed. We have updated the intro to the episode and the lead-in to our conversation with Jeff Watson to reflect those developments]

Inflation is big, scary, and in the news. With it comes the fear of sky-high home values, consumer goods falling in short supply, and cash positions becoming worthless overnight. With high inflation at our doorstep, we need to be smarter (and faster) when it comes to investing. Thankfully, for BiggerPockets listeners, one of the strongest hedges against inflation is real estate!

David Greene and Dave Meyer are back on another episode of BiggerNews to discuss not only the cause of inflation but how to protect yourself against it in this hyper-inflationary environment we find ourselves in. Both David and Dave harp on how important it is to start investing as soon as you can, taking advantage of low-interest rates and locked-in leverage that bank financing provides.

Jeff Watson, attorney and self-directed IRA expert, joins the Dave duo to talk about the proposed “Build Back Better Bill” and its consequences for real estate investors - which Jeff calls a “nightmare” for those who want to raise private money for deals. As noted at the top of this description – in the time since this episode was recorded, the sections of the bill affecting Self-Directed IRAs have been removed. We've added audio to the episode explaining those developments; we are keeping the content because it offers a glimpse into an issue that may crop up again on Capitol Hill in the future.

In This Episode We Cover:

What is inflation and how did America become an inflationary environment?

The main causes of inflation and whether or not it will affect you

Using debt to lock in low-interest-rate loans while rents continue to rise

The “Build Back Better Bill” and its consequences for all real estate investors

How this new bill would have potentially hurt ‘average joe’ investors while propping up hedge funds

Steps you can take to protect your assets

And So Much More!

Links from the Show

David Meyer's Instagram

BiggerPockets Daily Podcast

Brian Beaulieu of ITR Economics

Quest Trust Company

President Donald J Trump

Protecting IRA Investment Choice (Jeff's Document)

Summary of Changes Proposed by House Reconciliation “Build Back Better” Bill (Jeff's Document)

BiggerPockets Podcast 502: BiggerNews, September: Will Anything Slow Down this Housing Market? with Dave Meyer & Kathy Fettke

Check the full show notes here: http://biggerpockets.com/show526

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

525: Stop Planning Goals Around Results, Do This Instead w/ Geoff Woods Oct 31, 2021

Our perceptions of work and life have changed significantly over the past year. While we once had a clear distinction between the two, now, we have a blurred line barely separating them. For some, this has made their life more hectic, and for others, more clear. It’s now more important than ever to define where we’re going and why we’re going in that direction.

Joining David today is Mindy Jensen, host of the BiggerPockets Money Podcast, and Geoff Woods, host The ONE Thing Podcast. Many guests on the show have mentioned The ONE Thing for its simple, yet impactful message for team leaders and solopreneurs who have too much on their plates. Geoff has taken the message of this book and his organization to heart, allowing him to free up time, and live a truly extraordinary life.

Geoff unpacks exactly what it means to have intentional goals and live with purpose. He is very specific on defining what truly matters to your business, personal life, and internal values, and separates those things from the rest. Geoff also brings on Jordan and John, two business partners, one of which attended The ONE Thing Retreat last year, and talks them through their long-term vision, goal, and strategy.

In This Episode We Cover:

The importance of striving to live an extraordinary life in all aspects

How to become more purposeful in the areas of life that truly matter

Working through goal setting in partnerships, relationships, or solo

Why most people don’t reach their goals or set too attainable goals

Permitting yourself to dream big for a five, ten, or twenty-year vision

What you can expect at The ONE Thing’s 2021 Retreat

Why the purpose of a goal isn’t the result, but something far more meaningful

And So Much More!

Links from the Show

BiggerPockets Podcast 411: The Life-Changing Power of a Goal-Setting Retreatwith Geoff Woods

The 1 thing Website

The 1 thing podcast

The 1 thing Goal Setting Retreat Website

Click here to check the full show notes: https://www.biggerpockets.com/show525

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

524: 3 Sales Secrets That Will Help You Close Your First or Next Deal Oct 28, 2021

A decade ago, Chandler David Smith was a broke college student. After searching for jobs, he was given the opportunity to try his hand at door-to-door pest control sales. The first week went slow, and he wasn’t able to close on a single sale. But, by the end of the summer, he had crushed the rookie sales record and walked away with $96,000 worth of commission.

But now Chandler had a problem: too much cash and nothing to do with it. His friend’s father convinced him that real estate investing may be the best place to park his extra cash, so he did just that. Chandler bought a condo for $73,000. It wasn’t a great deal and he made some big mistakes, but it sparked a fire under him that allowed him to grow his portfolio to over three hundred units, through small multifamily, large multifamily, and self storage.

It’s no coincidence that Chandler succeeded in real estate with his sales background, since finding off-market deals, negotiating with sellers, and raising rents all require you to sell something to someone. If you can capitalize on some of these sales secrets that Chandler discusses, you may too have a far easier time locking down phenomenal deals.

In This Episode We Cover:

The verbal and visual cues that show a sales prospect you’re trustworthy

Why those that can handle rejection succeed not only in sales but in real estate

Following the “sales logic” of preface, feature, and benefit

The huge advantage of investors buying “mid-priced” properties

The differences between owning small multifamily, large multifamily, and self storage

Developing your property management team and using them to scale your portfolio

And So Much More!

Links from the Show:

Chandler David Smith's Youtube Channel: How Brandon Turner Changed My Life (Full Interview)

AJ Osborne Website

Tim Ferriss Website

Garrett Myers Instagram

Youtube

Check the full show notes here: https://biggerpockets.com/show524

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

523: Meet Max Maxwell: Broke at 30, Millionaire at 33 | 'Takeover' Ep w Nasar Oct 26, 2021

You wouldn’t know how far Max Maxwell has come at first glance. Looking at his Instagram, you’ll see private planes, a wealth of knowledge on real estate, and seriously shiny Rolexes. Not many people know that only a number of years ago, Max was broke, without enough money to fill up his car with gas, and sleeping at his mom’s house after ten years of failed businesses.

Max tried everything from running a property management company, to marketing, to managing a restaurant, and many other ventures. None of them truly stuck, causing Max to go from state to state, trying to find a successful business model that would make him wealthy.

Now, Max is well known as a master in wholesaling, rental property investing, and philanthropy. He has always made an effort to help those in need and even went to Ghana with today’s host, Nasar El Arabi. These North Carolinian investors have truly gone from rags to riches and have been able to find meaningful, lasting success through real estate investing.

In This Episode We Cover:

How to get your start in real estate investing without any money

Finding yourself at the bottom and pushing yourself up to the top

Finding, skip tracing, and marketing your first deal as a wholesaler

The “conveyor belt” system of off-market deal-finding

Why every great real estate investor MUST be able to spot good deals

Jumping into a new niche, even as an experienced real estate investor

And So Much More!

Links from the Show

BiggerPockets Podcast 522: From “No Comma Paychecks” to 7-Figures Using These 5 Skills w/ Nasar El Arabi

Real Estate Doru's Instagram

Real Estate Doru's Website

Real Estate Doru's Youtube Channel

Check the full show notes here: https://biggerpockets.com/show523

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

522: From “No Comma Paychecks” to 7-Figures Using These 5 Skills w/ Nasar El Arabi Oct 24, 2021

Nasar El-Arabi is a self-proclaimed “failure” when it comes to being employed. He wasn’t cut out for the banking industry, the call center, or the classroom. Some people aren’t meant to be employed, and Nasar was one of them. As soon as he was able to get his start in real estate investing, he realized that this was a path that could help him succeed, all while challenging him in ways the W2 world didn’t.

Nasar has been wholesaling, flipping, and landlording for over a decade. He has amassed a seven-figure net worth, due to his sweat, grind, and problem-solving. Nasar has put together his list of the five most important traits of any successful real estate investor. These traits aren’t what you’d hear at corporate, and they require those who are interested in investing to put in the time, energy, and creativity to thrive.

If you’re interested not only in real estate investing, but becoming a full-time investor doing what you love, make sure you pay careful attention to Nasar’s advice. While these aren’t traits you can simply switch on or off overnight, they are things that you can develop over the years you are investing, which can help you build wealth, reach financial freedom, and give you the life you’ve dreamed of.

In This Episode We Cover:

How to invest in real estate while making a median income

Diversifying your portfolio so you have multiple exit strategies and streams of income

Why every investor needs to “become a rookie all over again”

Using creative financing to structure deals that benefit the buyer and seller

Leveraging partnerships to find cash, divvy up responsibilities, and purchase more real estate

Owning a business and learning the skills that every leader needs to succeed

And So Much More!

Links from the Show

BiggerPockets Publishing

BiggerPockets Podcast 116: How to Quit Your Job Through Wholesaling, Flipping, and Taking Action with Nasar Elarabi

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

BiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport

Click here to check the full show notes: https://www.biggerpockets.com/show522

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

521: Leukemia & Bankruptcy to Retired with 250 Units in 7 Years Oct 21, 2021

People often tell each other to “stay positive” in light of grim circumstances or hard times. This consistent positivity can feel forced when going through something truly terrifying, but it’s exactly what helped Jeffrey Holst fight cancer, get out of bankruptcy, and retire in only seven years. Once Jeffrey committed to having no bad days, he was able to either change his day that was going poorly or see the positive in everything around him.

This philosophy helped him spur on new relationships, find new partners, and close on deals creatively. It was never “we can’t close on this” for Jeffrey, it was “how can we close on this.” He uses what he likes to call the “sideways eight” strategy that allows him to have infinite returns when investing, all while giving his partners and private lenders a sizable profit.

Jeffrey also talks about seeing the positive attributes of negative situations, and how he was able to leave his job as a lawyer and hit financial freedom due to his cancer diagnosis and later bankruptcy. If Jeffrey was able to dominate the multifamily market with an underwater net worth, think of what YOU can accomplish in the world of real estate investing!

In This Episode We Cover:

Buying properties without credit, money, or experience

Creative financing strategies that allow you take tackle bigger and better deals

Fighting cancer and using hard times to fuel your success

Managing a portfolio of two-hundred and fifty units

The “last life philosophy” and how it gives you a clear path to victory

Syndicating on a small scale to close multi-million dollar deals

Analyzing your market as a "boots on the ground" investor

And So Much More!

Links from the Show:

Carlton Sheets Real Estate Course Infomercial

Matt Faircloth's BiggerPockets profile

Tony Robbins' Website

Hal Elrod's Website

Four Reasons to Invest in Real Estate episode on the Old Fashioned Real Estate Show hosted by Brian Levredge and Jeffrey Holst

Feras Moussa of Disrupt Equity

BiggerPockets Podcast 488: From 4 Units to 2,000 and Why Large Multifamily “Isn’t So Scary

Whitney Sewell of Life Bridge Capital

BiggerPockets Podcast 004: Commercial Real Estate Investing With Frank Gallinelli

BiggerPockets Radio Podcast 002: Starting Out with Karen Rittenhouse – Subject To, Direct Mail, and Investing from a Woman’s Perspective

Generational Wealth with Dr. Tony Pennells episode on the Last Life Ever Podcast

Akamai Coffee Website

Mike Tyson's Website

Arnold Schwarzenegger's Website

Shaquille O'Neal's Profile

Richard Branson of the Virgin Group

Check the full show notes here: https://biggerpockets.com/show521

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

520: $47k/Month in Rent, 0 Doors Owned | Rookie Takeover w/ Rafael Loza Oct 19, 2021

The hosts look and sound a little different today. There are no beards and we haven’t heard one metaphor containing jiu-jitsu lingo... That’s because Ashley Kehr and Tony Robinson, hosts of the Real Estate Rookie Podcast have taken over the BiggerPockets Real Estate Podcast! Ashley and Tony regularly talk about how rookies can get their first (or next) deal, but today they’re combining expertise to talk about something more controversial: rental arbitrage.

Rental arbitrage is a form of subletting that allows long-term tenants to make massive cash flow off of short-term rentals. Someone who’s done this to an extreme is Rafael Loza. Rafael was working the night shift as his W2 job when he found out about short-term rental arbitrage. He sat on the idea for a few months, but ultimately tried out the concept on an apartment. This one apartment took home a massive profit, allowing him to quit his job and scale to fourteen units in just nine months.

Now, Rafael has twenty-four active units, all grossing thousands of dollars a month in rent for him. Back in March of 2020, Rafael was projected to bring in forty-seven thousand dollars in revenue in one month alone. But, the pandemic hit, forcing him to pivot, switch strategies, and take advantage of the flourishing short-term rental market. He has his sights set on ownership, but now he’s simply raking in the short-term stacks.

In This Episode We Cover:

Rental arbitrage and why it’s a low-cost way to get into real estate investing

Short-term cash flow vs long-term appreciation and combining the two

The startup costs it takes to create an arbitrage empire

How to pitch landlords on using their properties for short-term rentals

Negotiating leases and adding a subletting clause to any lease you undertake

Pivoting when your business hits a wall and combing back stronger

And So Much More!

Links from the Show

Real Estate Rookie Youtube Channel

Ashley’s Instagram

The Real Estate Rookie Podcast

Vrbo

Clubhouse

Check the full show notes here: https://biggerpockets.com/show520

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

519: 5 Keys to Becoming a Millionaire on Less Than $100k Per Year Oct 17, 2021

You may know Ashley Kehr from the Real Estate Rookie Podcast, but you may not know that only a short time ago she was a rookie herself. Ashley started as a property manager for a local investor and slowly made her way from owning one property to owning thirty-three long-term rentals, a short-term arbitrage property, two commercial units, and one mobile home park. Quite a diverse portfolio!

What makes this even more impressive is that Ashley wasn’t coming into real estate with boatloads of cash. In fact, she and her husband have never collectively made more than six figures from their W2 jobs. So how does someone with a median income generate such a massive amount of cash flow, appreciation, and time freedom?

Ashley discusses the five fundamentals of real estate investing that led her to seven-figure net worth. These fundamentals can be used by anyone, at any stage in real estate investing, no matter their experience level. If you’re ready to supercharge your investing and go from rookie to rockstar, commit to the game plan Ashley has laid out!

In This Episode We Cover:

How to invest in real estate while making a median income

Diversifying your portfolio so you have multiple exit strategies and streams of income

Why every investor needs to “become a rookie all over again”

Using creative financing to structure deals that benefit the buyer and seller

Leveraging partnerships to find cash, divvy up responsibilities, and purchase more real estate

Owning a business and learning the skills that every leader needs to succeed

And So Much More!

Links from the Show

BiggerPockets Publishing

Real Estate Rookie Youtube Channel

Real Estate Rookie FaceBook Group

BiggerPockets Rookie Podcast

Real Estate Rookie Bootcamp

BiggerPockets Podcast 348: Full-Time Job, Full-Time Mom, and Full-Time Wealth From Rentals with Ashley Kehr

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

Click here to check the full show notes: https://www.biggerpockets.com/show519

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

518: The Biggest Takeaways from BPCon 2021 | Live Host Panel from NOLA Oct 14, 2021

Marching along Bourbon Street last week was a parade with some of the best real estate investors in the world, celebrating another successful BPCon, ready to take on the world. Throughout the past week, attendees of the conference heard from world-class business leaders, investors, and authors, learning about everything from running a business to short-term rental markets, to self-storage, and more.

On this live episode, your hosts, Brandon and David, are joined by Scott Trench, host of the BiggerPockets Money Podcast, Ashley Kehr and Tony Robinson, hosts of the Real Estate Rookie Podcast, and Liz Faircloth and Andresa Guidelli, hosts of The Real Estate InvestHER Podcast, plus special guest Esther, who has a widely impressive portfolio herself.

You’ll hear the hosts talk about topics like how to connect with fellow investors, future trends influencing the real estate market, what’s working today (and what isn’t), plus a live version of the Famous Four and Fire Round.

If you weren’t able to make it to this year's BPCon, plug into this episode and get on the waiting list for next year!

In This Episode We Cover:

What’s ‘firing up’ the hosts of the BiggerPockets Podcast Network?

What investors can do in today’s market to ensure wealth tomorrow

Future trends that allow investors to profitably pivot

How BPCon helps connect investors, reshape ideas, and build wealth

How to vet partners before you go in on a deal with them

The top characteristics that contribute to your success as an investor

Why you should definitely be at BPCon 2022

And So Much More!

Links from the Show:

NPR (National Public Radio)

Kevin Leahy's BiggerPockets Profile

Mark Ferguson's InvestFourMore

Wendy Papasan's LinkedIn Profile

Noah Evans's LinkedIn Profile

Rickey Rodriguez's BiggerPockets Profile

Your First Real Estate Investment Podcast: How to Recover from the Great Recession and Leverage Creative Financing to Fund Your First Deal

Joe Asamoah's BiggerPockets Author Profile

AJ Osborne's Personal Website

Steve Rozenberg's BiggerPockets Profile

InvestHer's Partnership Question Guide

Meetup

Hal Elrod's Personal Website

Dave Ramsey's Personal Website

Cashflow The Board Game

Matt Faircloth's BiggerPockets Author Profile

The Real Estate InvestHER Community

Check the full show notes here: https://biggerpockets.com/show518

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

517: 5 Pitfalls When Buying These “Crazy Cash Flow” Properties Oct 12, 2021

Avery Carl is the go-to contact for short-term rental investing. Her business, The Short Term Shop and The Mortgage Shop not only helps find properties and secure loans for prospective short-term rental investors but also helps guide investors through their first vacation property purchase. While this type of property can be a cash flow king, it also takes more management and a bit more time upfront to get the system oiled and operating smoothly.

Since we last talked to Avery, she’s quadrupled her portfolio from twenty-something short-term units to ninety-six units, sixty-one of which are large multifamily properties. Avery gives an in-depth analysis on why short-term rentals should hold a place in every investor's asset collection, and the common pitfalls investors go through when purchasing their first short-term rental.

If you’d like to learn more about building wealth through short-term rental investing, grab Avery’s brand new book Short-Term Rental, Long-Term Wealth!

In This Episode We Cover:

Why having short-term rentals can help real estate investors mitigate risk

How Avery added over seventy more doors to her portfolio in under two years

The wrong vs. the right questions to ask when buying a short-term rental

The five things people need to avoid when making their first STR purchase

Why you may want to “bear-proof” your next cabin in the woods

Not being afraid to ask questions when investing

Why you should buy Avery’s new book Short-Term Rental, Long-Term Wealth

And So Much More!

Links from the Show

BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl

BiggerPockets Publishing

Check the full show notes here: https://biggerpockets.com/show517

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

516: Are You an Asset or Liability to Those in Your Life? w/ Earn Your Leisure Oct 10, 2021

Everyone knows that financial education is one of the most crucial things to teach children at a young age. It doesn't just set them up to be wealthy, but it gives them the tools to be confident, choose delayed gratification, and hopefully, impact another young person’s life one day. This is understood wholeheartedly by Rashad Bilal and Troy Millings, former financial advisor and school teacher.

What had started as a small classroom experiment in teaching children financial literacy turned into a media empire. Rashad and Troy shared their class teachings online, which pushed them to create a course for the kids, and later into the Earn Your Leisure podcast, where they talk about everything ranging from high-value financial concepts to sports to entertainment and more.

What keeps Rashad and Troy going is knowing that their work is allowing thousands of people to improve their life situations, whether children or adults. The duo not only talks extensively about the difference between financial assets and liabilities but about relationship assets and liabilities. This helps answer the question: who’s helping bring you up and who’s trying to keep you down?

In This Episode We Cover:

The importance of spurring on financial literacy for young kids

How to teach your children about money and examples you can use

The role that playing sports had in Rashad and Troy’s lives

Assets over liabilities and why you need to invest in relationship assets as well

Stocks, ETFs, multifamily, and cryptocurrency investments

Staying committed to your goals and following through

And So Much More!

Links from the Show

BiggerPockets Conference 2021

BiggerPockets Agents Finder

EYL Episode #63 Money Machine by Earn Your Leisure

Click here to check the full show notes: https://www.biggerpockets.com/show516

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

515: Your Step-by-Step Guide to Buying Out-of-State Investment Properties Oct 07, 2021

It’s not uncommon for investors to start out by buying properties in their home markets. It makes things like neighborhood research, rehabs, and tenant showings so much easier when you’re only a short drive away from your property. That’s how Dave Meyer, VP of Data and Analytics right here at BiggerPockets, feels.

Dave is currently living in Europe and has invested exclusively in Denver, where he used to call home. Now, as an entirely remote landlord, he’s seen the data on how many markets (like Tampa, Florida) are doing phenomenally for appreciation and rent increases. David Greene, out-of-state investor and the man who literally wrote the book on long-distance real estate investing is here to offer some much-needed council.

With David having the experience as an agent and out-of-state investor and Dave having robust housing data at his disposal, the two come up with some clear plans to invest in up-and-coming markets. David and Dave talk about cash flow, appreciation, wage growth, the investing “spectrum”, and why so many real estate investors aren’t planning far enough ahead.

In This Episode We Cover:

Cash flow vs. appreciation and which one matters most to you

Developing your investment strategy and picking markets where it works

Balancing the benefits of real estate investing and the investing “spectrum”

What makes a market appreciate and cause rents to rise?

What to do once you’ve found a great market to invest in

Questions you should ask every out-of-state agent and property manager

Where Dave and David are both looking to invest

And So Much More!

Links from the Show

BiggerPockets Conference 2021

BiggerPockets Agents Finder

BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone

BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!

Check the full show notes here: https://biggerpockets.com/show515

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

514: BiggerNews, October: How Small Landlords Can Beat the Hedge Funds Oct 05, 2021

Once the housing market started to slide in 2007, smart investors began buying, and waiting, for rock-bottom prices to kick in. Investors were buying homes in some of the best markets for dimes on the dollar, and have seen massive profits whether keeping them as buy-and-hold rentals, BRRRR deals, or flips. While small investors started buying a couple of houses a year, institutional investors were doing far, far more.

Private equity funds, along with REITs and hedge funds knew that foreclosed homes were a steal, and their economies of scale made it even easier to turn these financially mismanaged properties into appreciation and cash flow kings. As institutional investors began fixing up these homes, listing them for rent, and later selling them, the entire market moved in an upward direction. Now, first-time homebuyers are competing with these economic powerhouses to lock down their first primary residence or rental property.

A man who has been covering this topic for years is The Wall Street Journal's, Ryan Dezember. Ryan has a keen understanding of what influences the housing market as a whole, why institutional investors are making the moves they are, and what this means for small mom-and-pop landlords. Dave Meyer also joins David Greene on this episode to discuss the ways small landlords can beat Wall Street at their own game.

In This Episode We Cover:

Why home prices dropped to the lowest point in 2011

How the pandemic gave institutional investors more buying power

Who are the “wall street buyers” that are buying thousands of single-family homes?

Why you should “find the tenant” before finding your next property

The “carbon monoxide” of investing that most investors aren't paying attention to

How institutional investors use economies of scale to rapidly rehab homes

What small investors can do to beat institutional investors at the closing table

And So Much More!

Links from the Show

BiggerPockets Conference 2021

Blackstone

BiggerPockets Show 515

Check the full show notes here: https://biggerpockets.com/show514

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

513: Seeing Greene: BRRRR 101 - Loans, Deals, & Cash Flow Oct 03, 2021

Welcome back to another episode of Seeing Greene with BiggerPockets Podcast host, top real estate agent, and BRRRR master himself, David Greene. Today’s episode touches on many topics that relate to the BRRRR strategy, ranging from financing, rehabbing, calculating cash flow, and where to find deals.

Since the BRRRR method is such a popular strategy among real estate investors, we thought it best to have an episode that touches on so many aspects of the BRRRR strategy itself. Not only has David written the book on BRRRR investing, but he also continues to do BRRRR investing in his real estate career. This strategy is not only one of the best ways to get into real estate with low (or no) money down, it’s also a method that works on building generational wealth for you in the background.

Have a question you want David to answer on the next Seeing Greene episode? Submit your video submission at Biggerpockets.com/david.

In This Episode We Cover:

Whether you should refinance a BRRRR in your personal name or an LLC

Using agents or wholesalers to find your next BRRRR property

Why some markets simply won’t cash flow (and why that isn’t necessarily a bad thing)

The minimum cash flow requirements for a multifamily property

Hard money loans vs construction loans when performing a BRRRR

How to get financing when your property is not a traditional rental or commercial building

And So Much More!

Links from the Show

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

BiggerPockets Podcast 487: 10 Common Real Estate Investing Questions Answered by David Greene

BiggerPockets Podcast 473: Quitting the Police Force, Wholesaling, & Buying Notes with David Greene\

BiggerPockets Podcast 512: From Losing $150k at the Blackjack Table to 7-Figure Profits in Real Estate

Click here to check the full show notes: https://www.biggerpockets.com/show513

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

512: From Losing $150k at the Blackjack Table to 7-Figure Profits in Real Estate Sep 30, 2021

Back in 2004, Jude Bernard was sitting at a blackjack table in Vegas. This wasn’t his first game of the day, nor his second, or even his third. Jude had been sitting at that blackjack table for thirty hours straight. When the final game ended, he walked away, $150,000 poorer than he started. Jude then found the closest tattoo parlor, walked in, and got the phrase “never again” tattooed on his hand as a testament to his mistake.

Now, Jude runs a rental and flipping empire, settling for no less than seven-figure profits on his fix and flips. He also runs The Brooklyn Bank, a non-profit designed to help economically empower people of color in New York City. Through his earlier gambling mistakes, Jude realized that no matter what, the “house” always wins. So, he searched for a way that he could become the “house” in his environment, and the best way was through real estate investing.

Jude has built a very strong foundation for his real estate investing through taking calculated risks, nurturing his relationships, and letting his fears fuel his fire.

Jude is currently raising money to help the people of Haiti through their most recent natural disaster. Brandon and David have both pledged $5,000 each. To help out, even more, Brandon wants all listeners to know that If you donate $5,000 to The Brooklyn Bank organization, Brandon will host you in Maui! For full details please contact Matt@odcfund.com.

In This Episode We Cover:

Purchasing properties in very expensive markets (like New York City)

Building relationships with everyone you talk to, funneling more deals into your pipeline

Making sure every deal has a seven-figure upside (seriously!)

Using your greatest fears to propel you to the next level

Gambling addiction and the message behind why the “house” always wins

How the Brooklyn Bank is helping build a pathway out of poverty

How you can spend a week with Brandon and help support a great cause

And So Much More!

Links from the Show:

BiggerPockets Podcast 455: Mixtapes to Millions in Real Estate with DJ Envy and Cesar Pina

The Brooklyn Bank

Brandon’s Maui MasterClass

Matt@odcfund.com

donations@thebrooklynbank.com

Check the full show notes here: https://biggerpockets.com/show512

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

511: Getting Your Market, Money, and Mindset Right | 3 Coaching Calls! Sep 28, 2021

So many BiggerPockets listeners are out there killing it in the world of real estate investing. But, with growth and positive change comes more and more questions. On today’s coaching call, David Greene talks to Carly, Michael, and Katie about three different problems that present three specific solutions.

Carly is trying to weigh the risk of investing in a declining market, Michael wants to shake off the “agent shame” that comes with lead generating as a realtor, and Katie wants to power her growth with more revenue and more cash flow. Each of these real estate professionals is in a different spot: one is a small-time landlord, one is a new agent, and the other is a fix and flip veteran. Even with completely different investment plans, all three of these investors are able to find simple, meaningful solutions when talking with David.

The topics touched on in this episode include creating an investment strategy, house hacking, finding the right property managers, growing your confidence, purchasing commercial real estate, and more. If you want to get in on the next call with David, click this link to apply!

In This Episode We Cover:

Should you invest in an area with a declining population but great cash flow?

How to mitigate your investment risk by purchasing a house hack property

Using referrals to find your next property manager

Putting your clients best interest first and showing confidence

Starting businesses in different verticals that can empower your current business

Turning your biggest expenses into revenue generators

Taking advantage of using a Key Principle on larger deals

And So Much More!

Links from the Show

BiggerPockets Wealth Magazine

Simplisafe

The BiggerPockets Bundle Giveaway

Submit your Question for David Greene to answer!

BiggerPockets Find an Agent

Keller Williams

Amazon Prime

Check the full show notes here: https://biggerpockets.com/show511

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

510: Work Less and Make More by “Working the System” w/ Sam Carpenter & Josh Fonger Sep 26, 2021

As an entrepreneur, you may be used to putting in hours of work learning new tactics, skills, and strategies. Your business rests on your shoulders, and why wouldn’t it, you’re the one who built it from the ground up. While it’s a commendable feat to build a profitable business, it can also be a prison sentence for many “hands-on” entrepreneurs. This is how Sam Carpenter, author of Work the System felt as he put in 110 hours a week just to keep his business afloat.

Sam realized why he was working so hard without seeing results: there were no systems in his business. Once he started implementing systems and processes, he went from 110+ hour weeks to 2 hour weeks. The same happened with one of his students and now partner, Josh Fonger, who runs Work the System Enterprises where he helps business owners from over 50 countries scale their businesses with far less headache.

If you’ve ever felt that your business relies on you too much to take a day off, take a vacation, or simply work less every week, these are the two guys you need to talk to. Josh and Sam were kind enough to take three live guest calls on this episode’s recording to help with their specific business problems. As all the guests are real estate investors and professionals, much of the advice may translate to your business as well!

In This Episode We Cover:

Why a system doesn’t need to (and shouldn’t) be complicated to design and implement

Reducing your time, effort, and energy spent on work

Understanding which systems need to be fixed or removed entirely front our life

How to stop playing “whack-a-mole” with your business processes

Why so many businesses fall behind after improving

Creating a sustainable solution that gives you (the entrepreneur) maximum freedom

And So Much More!

Links from the Show

BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors

BiggerPockets Books

BiggerPockets Podcast 137: How to Use Systems to Scale Your Real Estate Business with Sam Craven

Work the System Website

Click here to check the full show notes: https://www.biggerpockets.com/show510

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

509: Cars & Cashflow: Manny Khoshbin’s Story from Homeless to $1B Sep 23, 2021

If you scroll through Manny Khoshbin’s Instagram, you’ll see wealth, success, and a lot of very nice automobiles. You may look at his life and say “well, that must be nice”, but there is much more to Manny than Ferraris and private planes. A few decades ago, Manny was homeless, sleeping in a car with five other family members, simply trying to survive in America.

Manny’s dad wanted to protect his son from entering the military in Iran, so two weeks before Manny’s birthday, the family packed up and left for the United States. They were homeless for a couple of months but slowly were able to find jobs and scrape together some money. Manny worked at a swap meet, a K-mart, a multi-level marketing company selling snacks, and other various jobs.

As he was working he realized that the people driving the Porches, Lamborghinis, and Mercedes were all investing in real estate. After making money in his entrepreneurial endeavors, he bought his first commercial property. Now, two and a half decades later, Manny is sitting on a billion dollars worth of real estate. Oh, and did we mention he bought this all without syndicating?

In This Episode We Cover:

Manny’s “American Dream” story from immigrant to multimillionaire

Why commercial real estate is such a profitable investment

Value-add opportunities and flipping commercial real estate over the span of a few years

Which real estate industries are on the downward trend (and which to invest in)

The steps new real estate investors should take to make it big

Why Manny’s luxury cars are an investment, not just toys

And So Much More!

Links from the Show:

Books Mentioned in this Show:

Trump: The Art of the Deal by Donal Trump

Manny Khoshbin’s Contrarian Playbook by Manny Khoshbin

Driven: The Never-Give-Up Roadmap to Massive Success by Manny Khoshbin

Check the full show notes here: https://biggerpockets.com/show509

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

508: How to 10x Your Deal Flow Using "Evergreen Content" Sep 21, 2021

It’s tough out there. Between investors, agents, and wholesalers, everyone you know wants to get a home under contract. So what do you do when there is an influx of buyers and the same amount of sellers? Start building systems that can beat out your competition and will flow deals directly to you for years to come! Now we know what you’re saying, “I wish that were possible”, but it may be easier than you think.

Trevor Mauch, founder of Carrot, spent years manually chasing after deals. Cold calling, door knocking, direct mail, and every other method you can imagine; he's tried it. While these strategies work great for many people, they’re labor-intensive and incredibly hard to scale. Trevor looked at the marketing he was doing that WASN’T outbound and realized it wasn’t only creating leads for him, but doing so while he slept.

He then started building out Carrot, which helps set up agents, investors, wholesalers, and anyone else who wants off-market deals with websites that convert consistently every day. What sets apart Carrot from most “we buy houses for cash” websites is their “evergreen content” production. This content ranks you higher on google, gets sellers and buyers reaching out to you, and allows you to do less work and close on more deals.

Learn more about how to make this happen at carrot.com/pockets

In This Episode We Cover:

Getting out of the “hamster wheel” lead generation work

Outbound vs. inbound marketing and which requires less work from you

Why social media isn’t enough in this heavily digital age

Building your “authority hubs” so sellers or buyers can trust your business

Focusing on locations and niche markets to find more buyers and sellers

What Trevor thinks will happen in the housing market over the next few years

And So Much More!

Links from the Show

EP 246: How to Double Your Commissions Without Doubling Your Team w/ David Greene of Bigger Pockets [HYBRID Part 1]

Carrot Software Company

How to Get More Motivated Seller Leads (with no paid ads) Using 1 Proven, Simple Marketing Strategy (Free Live Workshop)

Check the full show notes here: https://biggerpockets.com/show508

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

507: Sacrifice, Failure and Pain, A 100 Days of Hell Success Story w/The Iron Cowboy Sep 19, 2021

Finishing a triathlon is a grueling achievement, only accomplished by those who are in peak physical and mental condition. Once finished, the top of the top go on to train for an Ironman, arguably the toughest triathlon on the planet. One hundred and forty miles of pain and pressure, broken up into a two-mile swim, a one hundred and twelve-mile bike ride, and a twenty-six-mile run. This is not a race for the faint of heart, and if you can finish just one, you have bragging rights forever.

What would it take for someone to finish not one ironman, not two, not ten, not twenty, but 100 consecutive Ironman races, back to back? Wake up, swim, bike, and run over one hundred and forty miles, go to sleep, and do it all over again. That’s what James “Iron Cowboy” Lawrence did, smashing through world records and personal goals.

James sits down with Brandon and David today to talk about mental toughness, creating goals that scare you, gradually working your way up to mastery, and asking “what am I willing to sacrifice to reach the end?” James had to run a business, take care of his seven-person family, and compete for more than a quarter of a year straight. If he can conquer one of the greatest physical and mental feats the world has ever witnessed, what’s stopping you from accomplishing your goals?

In This Episode We Cover:

Pushing yourself past the limit to see what you’re truly capable of

Breaking multiple world records and developing mental toughness

Why your goals should scare you enough to pursue them

Why you don’t need to 10x your output and the importance of small steps

Finding what you’re willing to sacrifice to reach your goal

Why every great athlete, entrepreneur, and leader needs a rockstar team

Choosing the person who “doesn’t break” under hard circumstances

And So Much More!

Links from the Show

BiggerPockets Perks

BiggerPockets Podcast 485: Atomic Habits That Help You Achieve Unthinkable Success w/ NYT Best Selling Author James Clear

BiggerPockets Books

James “Iron Cowboy” Lawrence's Website

Click here to check the full show notes: https://www.biggerpockets.com/show507

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

506: Achieving Financial Freedom Through Small Multifamily Investing Sep 16, 2021

Financial freedom is attainable for all of us, but how fast we reach it differs greatly. You may be making $100 profit per month on each single-family home you buy, but what if you could multiply that profit? A duplex becomes $200 per month, a fourplex, $400, and a 16 unit apartment will net you a solid $1,600 per month. Now, it’s not a goal of buying 50+ single-family homes to reach financial freedom, it’s buying 10 or so small multifamily investments.

This simple mindset tweak can change your life and investing career forever, it certainly did for Brandon Turner, host of The BiggerPockets Real Estate Podcast and author of The Multifamily Millionaire. This pre-recorded webinar walks through the key benefits of investing in small multifamily, how to find and finance deals, risks to look out for, and scaling so you can go full-time in real estate.

There are tons of tips, tricks, and free giveaways (including discount codes) throughout this episode, and if you’re looking for visuals, head over to the BiggerPockets Youtube Channel to see the full slideshow!

In This Episode We Cover

How to reach financial freedom through small multifamily investing

The four key benefits of investing in multifamily properties

How to find deals (even if you live in an expensive area)

How to analyze your multifamily deals using the BiggerPockets Calculators

Financing your deals using FHA loans, conventional loans, and seller financing

Risks and dangers to look out for in your next deal

And So Much More!

Links from the Show

The BiggerPockets Bundle Giveaway

BiggerPocketsWebinar: How to Become a Real Estate Millionaire (presented by Brandon Turner)

BiggerPockets Podcast 463: How to Get Your First or Next Property (Step-by-Step) in 90 Days

BiggerPockets Webinar Replays

BiggerPockets Perks

BiggerPockets Multislides

BiggerPockets Books

BiggerPockets 7 Years to 7 Figure Wealth

BiggerPockets Pro Upgrade

Realtor

Multiple Listing Service (MLS)

Gary Keller

Email Your Questions: podcast@biggerpockets.com

Check the full show notes here: https://www.biggerpockets.com/show506

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

505: “Act Like You Have 100+ Units” | Coaching Calls w/ Brandon Turner Sep 14, 2021

You hear Brandon Turner’s voice quite often on the BiggerPockets Real Estate Podcast, but rarely is it heard advising new investors. Today, Brandon is taking on three live “coaching calls” with three investors, all in different stages of their investing career. Brandon and the guests talk through topics like scaling your business, branding your real estate company, and when the right time to hire is.

These investors have portfolios ranging from a few units to more than forty, making this an episode that any investor can listen to, no matter where they’re at in their real estate investing journey. This advice is hand-tailored for each investor, and comes from someone who has made it out of that “awkward teenage investing” phase.

In This Episode We Cover:

How to hire out property management when your portfolio begins to grow

Appealing to higher authority when you have to make tough decisions

Acting like you own the portfolio you’re trying to scale to

Branding your real estate company so people can trust you and invest with you

Starting your own meetup if you don’t find one that clicks

Understanding that “everything gets easier as you grow”

And So Much More!

Links from the Show

The BiggerPockets Bundle Giveaway

Mobile Home Park Investors with Jefferson Lilly & Brad Johnson

The Mobile Home Park Investing Podcast with Kevin Bupp

Pay Near Me

BiggerPockets Facebook Page

BiggerPockets Instagram

Are Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do! (Youtube Video)

Joe's BiggerPockets Profile

Email Your Questions: podcast@biggerpockets.com

Joe's Instagram

Joe's Facebook Page

Check the full show notes here: https://www.biggerpockets.com/show505

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

504: The Millionaire Formula: 10 Steps to Hit 7-Figure Net Worth (Part 2) Sep 12, 2021

Wouldn’t it be nice to be a millionaire? Sitting under a palm tree, relaxing, with plenty of money set aside for you. To be in that position you not only have to escape the rat race but pledge to live a life of continual improvement, always looking for ways you can be better. That’s exactly what Brandon Turner and David Greene did to reach their multimillionaire status and live a life of greatness.

In this episode, we continue listing the ten steps to become a millionaire, with a bonus step at the end. If you didn’t hearlast week’s episode, check out episode 503 for the first five steps mentioned by David and Brandon. This time, we talk about things like harnessing synergy, upgrading your social circle, quitting the things that hold you back, searching for continual improvement, and always giving back.

Think of becoming a millionaire less as a singular task and more as a continual journey. If you put in the work and follow these steps laid out by David and Brandon, you’ll have a high chance of becoming a millionaire (if not a multimillionaire) within the next decade. So get out there, meet people, make opportunities, and achieve the impossible.

In This Episode We Cover:

Getting on a team where your strength is amplified

Surrounding yourself with those who overachieve and push you higher

Finding a way to quit everything repeatable or assignable

Doing what others view as “hard” and pushing yourself to be great

Helping others upgrade their lives and giving back whenever possible

Taking advantage of this strong economy to tackle as much as you can

And So Much More!

Links from the Show

The BiggerPockets Bookstore

BiggerPockets Podcast 217: How to Work Less and Earn More Using the 80/20 Rule with Perry Marshall

Email Your Questions: podcast@biggerpockets.com

BiggerPockets Podcast 457: How Thinking 5 Moves Ahead Can Make You Millions with Patrick Bet-David

Click here to check the full show notes: https://www.biggerpockets.com/show504

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

503: The Millionaire Formula: 10 Steps to Hit 7-Figure Net Worth (Part 1) Sep 09, 2021

You probably know Brandon Turner and David Greene as multimillionaire real estate investors. What you may not know, is that a decade ago this was a very different story. Brandon didn’t grow up in a wealthy family, and by his 20s, had packed on about $20,000 of credit card debt while spending $1,000 more than he could afford each month. David grew up in a family where finances were a constant stressor, he later vowed to himself that he would never let money problems hurt him or the people he loves.

Now, both Brandon and David have made the long journey from rags to riches, and through investing in real estate they were able to pull themselves up by their bootstraps and reach financial independence. Today, we talk through the first five (of ten) steps that helped Brandon and David reach this financial feat.

This is a great episode to take notes on, as becoming a millionaire is close to impossible without following most, if not all of these steps. While this episode isn’t entirely focused on real estate investing, a large part of being a successful real estate investor is financial intelligence. Even if you’ve made mistakes in the past with investments, debt, spending, or any other financial lever, following these ten steps will give you a solid framework to stair-step your way into millionaire status.

In This Episode We Cover

How Brandon and David discovered their need for financial independence early in life

Thinking of money the same way you think about fitness and health

Reaching huge financial milestones, even if you started out with extra obstacles

Fighting lifestyle creep and never falling into the Ferrari trap

Building an income stream that is scalable, passive, and automated

The “stair-stepping” method that leads to massive wealth accumulation

And So Much More!

Links from the Show

The BiggerPockets Bookstore

Alan Corey

Gary Keller

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions with Cameron Herold

BiggerPockets Podcast 461: Defeating the “Enemy of Success” with Steven Pressfield (The War of Art)

YNAB (You Need A Budget)

Mint

Email Your Questions: podcast@biggerpockets.com

Check the full show notes here: https://www.biggerpockets.com/show503

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

502: BiggerNews, September: Will Anything Slow Down this Housing Market? with Dave Meyer & Kathy Fettke Sep 07, 2021

Welcome back to another episode of the BiggerPockets Podcast. Today, we’re trying a new format where David Greene and Dave Meyer bring on an expert in the real estate investing space and talk through all the market trends, legislature, and other factors influencing the housing market and economy.

As our special guest, Kathy Fettke from the Real Wealth Network joins us to talk about housing market predictions in 2021 and beyond, the eviction moratorium (and its effects after ending), and where investors should start looking for opportunities. We touch on economic concepts like supply and demand, how this market compares to 2007’s bubble, why millennials are soon to become the biggest buying cohort in America, and the underbuilding crisis that we’re currently facing.

If you’d like to request a topic for discussion or ask a question, send us an email at podcast@biggerpockets.com with NEWS in the subject line!

In This Episode We Cover:

Housing market predictions for 2021 and beyond

Comparing today’s high values to the values back in 2007

The eviction moratorium and the impact it had on mom and pop landlords

Understanding the difference between the dollar crashing and home values skyrocketing

When we will return to a more “normal” housing market

Why millennials face an uphill battle when trying to purchase homes

And So Much More!

Links from the Show

NMHC Rent Payment Tracker

Dave's Real Estate News

Email Your Questions: podcast@biggerpockets.com

Check the full show notes here: http://biggerpockets.com/show502

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

501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions Sep 05, 2021

We’re back with another episode of “Seeing Greene” with David Greene! Listeners and investors have submitted their questions via video and through the BiggerPockets Facebook Groups and BiggerPockets forums over the past month, we’ve compiled some of the best (and most frequently asked) questions so David can answer them live on air!

This episode goes over a handful of different topics with questions from agents, wholesalers, new home buyers, rookie investors, veteran investors, and others just trying to get into real estate investing. These questions are not only common, but crucial when trying to understand purchasing, structuring, and optimizing real estate investments.

If you want to ask David a question, click here to submit a video for David to answer on the next “Seeing Greene”! Want an answer right away? Head over to the BiggerPockets forums to get help from millions of other real estate investors, just like you.

In This Episode We Cover:

How to become a star agent in a brand new (or competitive) market

Should you use points to get lower interest rates?

How soon can you refinance a house purchased in cash?

What are some factors of a successful short-term rental?

How would David escape a triangle hold from Brandon Turner?

How do you structure partnerships?

And So Much More!

Links from the Show

BiggerPockets Wealth Magazine

BiggerPockets Bundle

Click here to check the full show notes: https://www.biggerpockets.com/show501

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

500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming Sep 02, 2021

Robert Kiyosaki is arguably the most influential author in the finance, real estate, and investing space. His book, Rich Dad Poor Dad, has sold over thirty million copies and has been translated into forty different languages across forty different countries. Since its inception in 2002, Rich Dad Poor Dad has become almost every investor’s favorite book, prompting them to get out of the rat race, pursue financial independence, and teach them everything Robert’s “Rich Dad” taught him.

Robert has seen numerous housing cycles, including crashes, booms, and busts. His knowledge of micro and macroeconomics is astounding (to say the least) and he has some strong predictions for the future of real estate investing and the global economy as a whole. We talk about capitalism, marxism, communism, inflation, debt, assets, liabilities, and everything in between. This episode is not only crucial for anyone who is a fan of Robert’s books, board games, and videos but anyone who truly wants to learn the game of real estate.

As a general word of advice: Robert has some very strong opinions that he voices throughout this episode, and even if you disagree with any (or many) of them, it may serve helpful to listen to his full explanations of his takes. Robert has built an incredibly successful life, but started as a child of a financially dependent family, served in the marines during the Vietnam war, and has fought hard to keep capitalism alive and well in the United States, and abroad.

Be sure to grab Robert’s new book, Capitalist Manifesto, and thank you for joining us for the 500th episode of The BiggerPockets Podcast!

In This Episode We Cover:

Why Rich Dad Poor Dad remains a timeless classic in the investing world

Why Robert favors real estate, precious metals, and cryptocurrency above other assets

The difference between an asset and liability, and why so many Americans confuse them

Writing (and fighting) for freedom, prosperity, and wealth

Paying attention to the macroeconomic trends and using them to make smarter investing decisions

The assets that Robert is bullish on in today’s market

Why you need to love studying real estate to become successful

And So Much More!

Links from the Show

BiggerPockets Wealth Magazine

BiggerPockets Bundle

BiggerPockets Podcast 479: 10 Powerful Lessons Brandon Learned Building a $50M+ Rental Portfolio

Ray Kroc's Story

Dave Ramsey's Website

Cashflow Game

David's Guesting on Ken McElroy's Show

Ken McElroy's Website

Jordan Peterson's Website

Check the full show notes here: https://biggerpockets.com/show500

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

499: The Death of The "Entrepreneur”: Experience from an 8-Figure CEO Aug 29, 2021

Many people call themselves “entrepreneurs” nowadays. Essentially, anyone who can make some kind of income on their own is an entrepreneur, but there is a big difference between an entrepreneur and a business owner. While an entrepreneur can start businesses, a business owner can build, enhance, and delegate out a business. This is something that today’s guest, James Wedmore, is proficient at.

James’ experience in this field speaks for itself, he’s an 8-figure CEO, a highly sought-after coach for successful business leaders, and runs the Mind Your Business Podcast. He has a unique viewpoint when looking at growth, which allows many business owners to take a step back and think “what is truly achievable?”

James helps business owners grow their businesses into scalable, profitable, and successful operations. He focuses on building a “machine” that can run as a business, as opposed to a business owner doing 10+ different tasks, solely because they can. He also talks about the importance of having urgency in your product offering and giving your business what it needs to thrive, not just trying to extract what you need from it.

In This Episode We Cover:

The difference between entrepreneurs and business owners

Why so many business owners get bored of their business

Addressing the needs of your business and asking “what does it want from me?”

Letting go of technician roles in a business and delegating tasks

Getting rid of bad habits through mindful integrity

Forgiving yourself for mistakes, self-judgment, and blame

And So Much More!

Links from the Show

Mind Your Business Podcast

BiggerPockets Podcast 484: 3 Ways to Simplify Your Real Estate Investing with Brandon Turner

BiggerPockets Podcast 449: How Emails Are Constantly Destroying Your Productivity with Cal Newport

Click here to check the full show notes: https://www.biggerpockets.com/show499

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

498: Real Deal: BRRRR Deep Dive w/ Joe Asamoah (Pt 1) Aug 26, 2021

When most people think about section 8 housing, they think of run-down homes, troublesome tenants, and negligent landlords. This stereotype may prove true in some markets, but for Dr. Joe Asamoah, this is far from reality.

Joe has built his real estate portfolio by renovating homes to an incredibly high standard, situated in some of the best neighborhoods in the DC market, and all while under section 8 housing. Joe figured out early on that section 8 housing authorities gave much more rent money for houses with 5 bedrooms and up, so he started renovating to match the rent section 8 could provide him. This not only allows him to take home a sizable profit, but score tenants who will respect his homes as their own, and stay there for 15 to 20 years minimum. This is no joke, Joe has tenants who have been with him for two decades!

You’ll see a deep dive of Joe’s latest property in today’s episode, complete with pictures, videos, and other helpful visuals. If you’re only listening to this podcast, we’d highly recommend checking out the video version over on the BiggerPockets Youtube channel!

In This Episode We Cover:

What the “Big City BRRRR” strategy entails

How to control tenant turnover so you have ZERO vacancy

Using section 8 to take in higher rents

How to create a top tier product that attracts top tier tenants

Becoming the best landlord a tenant could ask for

Adding bedrooms, bathrooms, and getting permits for everything in between

And So Much More!

Links from the Show

BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah

Rookie Podcast 03: Coronavirus Crash? Do's and Don'ts from Recession Veterans Joe Asamoah and Steve Rozenberg

BiggerPockets Youtube: Big City BRRRR Strategy & Recession Proof Cash Flow Real Estate with Joseph Asamoah!

Check the full show notes here: https://www.biggerpockets.com/show498

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

497: Bigger Deals, Better Profits: 10 Steps to Your First Large Multifamily w/ Brian Murray and Brandon Turner Aug 22, 2021

We’re back for part two with The Multifamily Millionaire authors Brandon Turner and Brian Murray. This time, Brian is on the mic to give you the ten steps to purchase your first large multifamily property. You may be thinking that these ten steps sound too easy for such a large deal, but that is part of the advice that Brian gives.

Brian wants smaller multifamily owners or even single-family owners to know that buying a large multifamily property is just more volume, not a completely different skill set. If you own one or multiple units right now, you may have more skills than most to take down a 100-unit apartment building or a big mobile home park. The only thing standing in your way is the mindset.

This episode just scratches the surface of what’s possible in large multifamily real estate investing, the rest can be found in The Multifamily Millionaire Volume II. As a reminder, if you purchase before the end of August 2021, you’ll get a four-week multifamily masterclass, taught by Brandon Turner.

In This Episode We Cover:

Why chasing larger deals leads to larger profits

Understanding the skills needed to become a successful multifamily investor

Shrinking your criteria down to a micro-level, not just a macro overview

Starting (or investing in) syndications so you can get into bigger multifamily deals

Capital stacks, debt, and other types of financing when buying large properties

Why underwriting is more than just putting numbers into a spreadsheet

And So Much More!

Links from the Show

BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray

BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray

Discover the Multifamily Book bonuses

Click here to check the full show notes: https://www.biggerpockets.com/show497

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

496: Become a (Small) Multifamily Millionaire in 7 Steps w/ Brian Murray and Brandon Turner Aug 19, 2021

For the most part, Brandon Turner was able to achieve financial independence through small multifamily investing. This is why investing in duplexes, triplexes, quadplexes, and even 24-unit apartment buildings can be a fantastic learning experience and money maker for new landlords. But how do you get started if you’ve never bought a property before?

Brandon and his co-author of The Multifamily Millionaire, Brian Murray, walk through the seven steps to go from real estate onlooker to small multifamily master. We talk about everything from defining your criteria, financing, management, lead generation, and more. If you’re looking to build a portfolio of small multifamily properties that will allow you to break out of the rat race and do more of what you love (which may be large multifamily), make sure you not only listen to this whole episode but get Brandon and Brian’s new book!

This is a two-part episode series. In part one we talk about small multifamily and in part two we talk about large multifamily, both episodes have crucial information for anyone trying to get into the multifamily space!

In This Episode We Cover:

The difference between small multifamily properties and large multifamily properties

Financial independence vs. generational wealth and understanding which goal you have

Why you don’t necessarily need to start small in multifamily

Defining your crystal clear criteria and knowing what you want

On-market leads vs. off-market leads and the pros/cons of both

Financing small multifamily properties and house hacking

The “multifamily warp” that takes you from newbie investor to multi-millionaire

And So Much More!

Links from the Show

LoopNet

Mike Williams's LinkedIn Profile

Jason Drees's Coaching

Ryan Murdock's Instagram

Micah Cabagbag's Instagram

BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray

BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray

Check the full show notes here: https://www.biggerpockets.com/show496

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

495: The Science Behind Taking Risks (and Why They Definitely Pay Off) Aug 15, 2021

It often seems like the most successful people are the ones who take the most risks. There’s no surprise that at one point, billionaire entrepreneurs were given the choice to either stay where they stood or leap for something greater. This is something that today’s guest, Sukhinder Singh Cassidy, understands. She’s helped lead some of the biggest companies around like J Crew, Stitch Fix, TripAdvisor, and Urban Outfitters (just to name a few).

The one thing that Sukhinder has found throughout her years in Silicon Valley and through writing her new book, Choose Possibility, is that groundbreaking leaders don’t just take one big risk, they take several small ones. This works for real estate investors too. If you’ve just gotten into real estate investing education, the first step for you isn’t to go out and buy a house, it’s to join a meetup, contact an agent, or even join the BiggerPockets forums. These are what Sukhinder calls the “minimum viable choice”. Don’t worry about doing everything, just do something!

Sukhinder gives some great advice on leadership for those in executive business roles, plus how to find talent in this increasingly competitive market. If you’re just starting in your career, take Sukhinder’s advice and do great work for great people, the rest will fall into place.

In This Episode We Cover:

How Sukhinder’s love of entrepreneurship began

“Coconut events” vs. “subway events” (and how you can plan for both)

Embracing uncertainty and calculating your risks

Starting in Silicon Valley and building a strong reputation

Choosing to make the “minimum viable choice” whenever possible

How to know whether you’re managing others or having others manage you

What leaders and business owners can do to attract the best talent

And So Much More!

Links from the Show

Brandon and David’s Books

BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions

BiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok

Choose Possibility Website

Click here to check the full show notes: https://www.biggerpockets.com/show495

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

494: The Five F-Words Every Real Estate Investor Needs to Master Aug 12, 2021

There’s a new three-peat on the BiggerPockets Real Estate Podcast, and no, it’s not Michael Jordan. Danny Johnson, the founder of Forefront CRM, is back with us on today’s episode to talk about the five F-words of real estate investing. Before you jump to conclusions, this is a family-friendly show, the F-words we’re talking about are fear, fundamentals, focus, funnel, and follow up.

Many investors find too few deals, too few motivated sellers, or too few ways to find financing. This is all being said while other investors are closing deals, finding motivated sellers, and getting the financing they need to pursue even more deals. What separates the two from each other? Often, it comes down to the simplest things.

Are you trying to be too creative or are you mastering the fundamentals? Do you know your metrics down to a tee so you can improve upon them? How is your funnel being filled and where are your leads coming through? If leads come through, are you following up or letting them fade away? And lastly, are you pushing past your fear to do any of the above things?

If you feel like you’re stuck, without much of a handle on your real estate business, feel free to try Danny's Forefront CRM!

In This Episode We Cover:

How to create time freedom in a business largely depends on your efforts

Tracking how your team performs their work and continuously improving

Pushing past fear and not allowing laziness to stop your dreams

Understanding the fundamentals and performing them as well as possible

Tracking and reviewing metrics consistently

Knowing the costs to fill your funnel and seeing every phone call as a potential deal

Following up with customers (without being too salesy or pushy)

And SO much more!

Links from the Show

BiggerPockets Podcast 018 : Flipping, Marketing, and Wholesaling with Danny Johnson

BiggerPockets Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson

Check the full show notes here: https://biggerpockets.com/show494

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

493: How COVID Changed Real Estate Forever (+How it Didn’t!) with Ken McElroy Aug 08, 2021

It’s rare to find someone with the experience, knowledge, and downright friendliness of Ken McElroy, which is why we’re having him back on the show! This time, Ken breaks down some of the fundamental truths of real estate investing and how it can help you, as an investor, make more money, reach financial freedom, and live the life you were born to live.

Ken has been in the real estate game for decades, starting as a property manager in college, becoming a landlord with a sizable portfolio, then meeting Robert Kiyosaki and working on books, education, and systems with some of the biggest names in real estate. Ken has been through multiple market cycles, dozens of policy changes from the government, and made lots of money on many different types of deals. He has a unique experience that gives him a leg up on much of the new competition.

You’ll hear Ken’s thoughts on the “affordability crisis” we may be facing in the coming years, how short-term rentalsare changing the landscape of month-to-month rentals, and how an inexperienced investor can get started with “good debt”. Make no mistake, the lessons Ken talks through in this episode took decades to learn, but you can get them all in just over an hour!

In This Episode We Cover:

How COVID did (and didn’t) affect the market for real estate investors

Leveraging “good debt” so you can build your real estate empire

When prices of labor, lumber, and new construction will flatten

What the future of the real estate market will look like, and how landlords can benefit

Working with the system (government, tax codes, etc.) as opposed to working against it

Why great deals will always get funded (especially in today’s market!)

And So Much More!

Links from the Show

Brandon and David’s Books

Real Estate Rookie Bootcamp

BiggerPockets Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy

Get Ken McElroy's free e-book for BiggerPockets listeners

Click here to check the full show notes: https://www.biggerpockets.com/show493

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

492: Robuilt’s Tiny Houses That are Cashing in MASSIVE Profits Every Month Aug 05, 2021

Rob Abasolo, AKA Robuilt on Youtube, didn’t have a background in real estate, or construction, or hospitality, or really anything related to his current success. He did have drive, creative thinking, and the will to make something work when other people told him it was impossible.

Rob and his wife moved from Kansas City to Los Angeles, trading a $1,100 mortgage on a house for a $1,800 rent bill on a small apartment. Around this time, Rob started hearing about Airbnb and short-term rental hosting. So, he decided to buy a house, keep his apartment, and try his hand at some Airbnb arbitrage. It worked, and thus the short-term rental revenue model was proven!

Rob then started to Airbnb out the apartment attached to his new home. He was pulling in some solid income, anywhere from $2,000 to $3,000 a month. So what did he do next? He built a “tiny house” in his backyard for around $72,000 and began renting it out for up to $4,000 a month on Airbnb. That’s when Rob thought “what if I built ten of these?”

Now, four years later, that’s exactly what he’s done. Rob has a growing portfolio of short-term rentals all across the United States. From California to Texas, to Tennessee and beyond. But this isn’t the end for Rob. His new plans? Build a massive “glamping” compound on his newly acquired 50 acres of land in Gatlinburg!

In This Episode We Cover:

Airbnb arbitrage and the risk of always going after cashflow

Offsetting your mortgage with short-term (or long-term) house hacking

Airbnb regulations and making sure you’re allowed to host visitors

Building a “tiny house” and the cost associated with it

Funding your deals through HELOCs and partnerships

The new trend of “glamping” and why it may be a massive opportunity

And SO much more!

Links from the Show

Joshua Tree Harebnb Listing

American Horror Story

Turo

BiggerPockets Podcast 280: The Key to Making Great Deals (Hint: Overlooked Properties!) with Mark Hentemann (Writer for TV’s Family Guy!)

Check the full show notes here: https://biggerpockets.com/show492

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

491: 5 Rules of Health & Wealth to Become the Millionaire with a Six Pack Aug 01, 2021

Many of us have a story behind doing what we do. You may have been raised by parents living paycheck to paycheck, spurring you to chase financial freedom and create a better life. Or maybe you labored tirelessly at work to get a promotion or raise, simply to be passed up for someone else. For Adam Gilbert, founder of MyBodyTutor, his “why” is his father.

Adam looked up to his father all his life but saw the pain and distress he was going through when he had a heart attack, a triple bypass surgery, and was later diagnosed with multiple sclerosis. This forged a path for Adam that materialized in the health and fitness space. Adam knew that he never wanted to be “too tired” to play with his kids, spend time with his family, or pursue a passion.

As Adam has grown his business over the past decade and a half, he’s come away with many lessons that ring true for not only fitness enthusiasts but business owners as well. We talk through the five rules that Adam has put together for anyone to become healthy, wealthy, and mentally sound. While this is a mindset episode, you’ll be surprised with how many of these rules crossover almost perfectly into real estate investing.

In This Episode We Cover:

When to quit your full-time job and pursue your passions

Choosing daily consistent action over large infrequent actions

Why health is the ultimate productivity tool

Setting up “planned indulgences” and being strict, yet fair with yourself

Choosing consistency over intensity and opting for small changes over time

Doing what scares you until it doesn’t

Accountability through partners, coaches, and friends

And So Much More!

Links from the Show

Brandon and David's Books

Adam from My Body Tutor

BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy

Mybodytutor.com Special Deal for Listeners

Click here to check the full show notes: https://www.biggerpockets.com/show491

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

490: 7 “Ninja Tips” From One of Hawaii’s Largest Real Estate Investors Jul 29, 2021

We all know that Hawaii is expensive. With its black sand beaches, fantastic surfing waves, and delicious poke bowls, why wouldn’t you want to live and invest there? Well, even with all those positives, many investors steer clear of Hawaii due to its high prices and lack of land, but one investor, Indar Lange, has proven those critics wrong.

Indar is Hawaii’s largest flipper, running about 15 flips at any given moment, and tackling deals priced at upwards of $3,000,000! Indar is no rookie to the game, he’s been doing this for the last decade and a half, but he had humble beginnings.

Growing up poor on a farm in rural Hawaii, Indar thought that his life would be set once he got his engineering degree. After realizing that engineers topped out at about $150,000 per year, Indar had to think of something else to do. He coincidently bought a small home at the time, fixed it up, and sold it after living in it for a few years. He paid zero taxes on the gain and this became his first live in flip, which caused the real estate wheels to start turning in his head.

Now, he’s hooked up with some of the best lenders, agents, wholesalers, contractors, and investors in the Hawaii area, taking down massive deals for a big payday. You’ll hear Indar’s full story and catch his “Ninja Tips” for the aspiring real estate investor.

In This Episode We Cover:

Why real estate the go-to investment for the wealthiest people in the world

Completing a live in flip and the tax benefits associated with it

When it makes sense to attend a real estate course (even expensive ones)

How Indar stopped his first flip from falling through due to lack of funding

Financing your deals with hard money and private money loans

Long-distance real estate investing from Hawaii

Cost segregation studies and other tax write-offs from real estate

Indar’s “Ninja Tips” for real estate investors

And SO much more!

Links from the Show

BiggerPockets Hard Money Lenders

Plastiq

BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber

Home Depot

Yelp

BiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” Murdock

Brandon and David's Books

Adam from My Body Tutor

Check out the full show notes here: https://biggerpockets.com/show490

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

489: How Are You Preparing to “Exit Rich” in Real Estate? Jul 25, 2021

Real estate is a business, but we often don’t think of it that way. A single-family home here, a duplex there, at the end of the day we’re just landlords, right?

What if some large corporation or outside buyer wanted to buy your real estate business from you. Even better, what if you had such efficient systems in place that you could sell your business for 10x what you put into it. Sounds pretty sweet right?

Today we talk to Michelle Seiler Tucker & Sharon Lechter, authors of Exit Rich and Rich Dad Poor Dad. Michelle and Sharon have spent years building and selling businesses and have defined the 6 Ps to a profitable exit. Their main critique of most business owners: start planning to scale efficiently TODAY.

This can help you as a real estate investor start putting systems in place to grow your portfolio faster and with less work from you later on. If you’re willing to put in the upfront effort to start hiring right, systematizing, and opting for efficiency you most certainly will “exit rich”!

In This Episode We Cover:

What business owners do that costs them millions in company valuation

The 6 Ps to a profitable (and stress-free) exit

Building systems that allow your business to grow efficiently

Focusing on company culture and having an employee liaison

Why most business owners won’t let go of their “hands-on” role

How a business is valued (and what you can do to boost your valuation)

And So Much More!

Links from the Show

BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone

Brandon's Books

Cherry Creek Lodge - Guests Ranch

Exit Rich Website

Click here to check the full show notes: https://www.biggerpockets.com/show489

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

488: From 4 Units to 2,000 and Why Large Multifamily “Isn’t So Scary” Jul 22, 2021

The average journey of a real estate investor tends to go something like this: buy a house, use profits to reinvest into another house, buy a duplex here and there, and buy another house again. Does this sound like you or someone you know?

For Feras Moussa, stacking single-family properties was never the goal, especially after he had to manage his first rental investments. At some point, it becomes too hard to scale and you’re stuck with 30+ units and 30+ tenants all trying to get your attention to fix something. This is how real estate can become more of a job than a business.

Feras knew this so he started venturing into medium/large multifamily investments instead. His first big multifamily deal was a 99-unit deal in Atlanta, Georgia. He was able to take a neglected apartment complex and turn it into a cash-flowing, high-value piece of property that he later sold for a sizable multiple. Now, Feras does bigger deals, like a $50M+ apartment complex that his company Disrupt Equity and Open Door Capital are partnering on.

If you feel too scared to jump (or even dip your toe) into bigger multifamily investments, hear out Feras. He shows it’s a lot less scary than most people think.

In This Episode We Cover:

How to scale your real estate investment portfolio with medium/large multifamily

The habits that a successful multifamily investor develops

Networking and being more than just the “business card” person

Why masterminds are a HUGE source of deals, partners, and friends

Underwriting and how it differs from basic deal analysis

Using “value-add” to increase the value of a property and cash flow

The red flags you should look for when buying multifamily properties

And SO much more!

Links from the Show

Check the full show notes here: https://biggerpockets.com/show488

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

487: 10 Common Real Estate Investing Questions Answered by David Greene Jul 18, 2021

David Greene is back and we’re “Seeing Greene” as he answers some of the most common real estate investing questions from BiggerPockets listeners! David goes over a multitude of different questions, ranging from financing, to acquisition, to mindset, and strategy.

Not only does David have the experience of being a real estate investor, he’s also a licensed real estate agent and owns a mortgage company as well. This allows him to have insider insight that many real estate investors simply don’t have.

If you’ve wanted a question answered by an industry expert, stick around because your question might just be answered on this episode of “Seeing Greene”!

In This Episode We Cover:

Building leverage with HELOCs and Cash-Out Refinances

When to lower rent prices on a vacant property that won’t fill up

Write-offs and tax deductions that real estate investors can use

How newly proposed capital gains taxes may influence seller financing opportunities

How to shift your mindset and identity to fit the person you want to become

Finding financing when you’re self-employed or have low income

And So Much More!

Links from the Show

Rookie Podcast 55: Combining House Hacking and Live in Flips with Tyler Madden

Click here to check the full show notes: https://www.biggerpockets.com/show487

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

486: The Key to Scaling that Most Real Estate Investors Miss Out On (+New Podcast!) w/ Liz Faircloth & Andresa Guidelli Jul 15, 2021

It’s understandable why so many real estate investors don’t want to partner up. I mean, who wants to split half of a rent check with someone else? This can seem especially true when you’re just starting and every cent of profit counts. But, what if the path to financial freedom was through partnerships? What if you could grow your wealth, spend less time working, and scale far faster simply by leveraging your relationships.

With us are the hosts of the new InvestHER podcast, Liz Faircloth and Andresa Guidelli, two real estate veterans who partnered up to teach women about financial freedom, cash flow, and everything related to real estate. Liz and Andresa are both partners in real estate and partners in leading the InvestHER community, so they know a thing or two about what makes partnerships work and what doesn’t.

We talk about questions to ask potential partners, how to test out a partnership by doing a project together, formalizing a partnership with binding contracts, how to stop resentment in partnerships, and how to end partnerships that go bad.

If you’re looking to scale your real estate portfolio to new heights, you’ll definitely be using partnerships to do so. Tune in to make sure you and your partner stay protected!

In This Episode We Cover:

Why it’s so hard to scale in real estate without partnerships

The top questions to ask a potential partner

Testing out your partnership by doing a small deal together

Making deposits into the “emotional bank account” of a partnership

Finalizing your partnership agreement with an attorney

Keeping information flowing on both sides

Preventing (and ending) bad partnerships

The new InvestHER podcast!

And SO much more!

Links from the Show

BiggerPockets Business Podcast

BiggerPockets Podcast 088: Investing with Your Spouse, Managing Financials, and Growing Your Team with Matt and Liz Faircloth

BiggerPockets Podcast 203: Finding Deals, Funding, Contractors, and Mentors with Matt and Liz Faircloth

BiggerPockets Podcast 314: How to Find Rockstar Contractors and Manage Like a Boss with Andresa Guidelli

Matt Faircloth's BiggerPockets Profile

Ryan Murdock's BiggerPockets Profile

Mindy Jensen's BiggerPockets Profile

BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy

BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan

Check the full show notes here: https://www.biggerpockets.com/show486

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

485: Atomic Habits That Help You Achieve Unthinkable Success w/ NYT Best Selling Author James Clear Jul 11, 2021

Three years ago, Atomic Habits was released. In this groundbreaking book, author James Clear asks a complex question “why do we continue our bad habits while neglecting good habits?” While it’s not as easy as simply saying, “I want to be better, hence I’ll stop doing this”, there are some ways that you can convince (and often trick) yourself into developing the habits that will help you create a better life.

The first thing to know about habits is that they aren’t a minimal part of your life. Your habits are what your life is built upon. Do you habitually clean your room every week? You’re most likely a clean and well-organized person. Are you constantly looking for ways to save money? You probably have a decent-sized bank account. If you want to become the “money person” or the “helpful person” or the “intelligent person” you need to start adopting the habits that someone in those positions would have.

So how do you develop a good habit? More importantly, how do you halt your bad habits from derailing your entire life? James walks through a few key ways to do this, from making habit cues less obvious, to changing your environment, to removing yourself from the choice entirely. One thing is for certain, if you want to change your life for the better, you need to start changing your habits.

In This Episode We Cover:

How James developed his interest in habits and psychology

Becoming “the architect” of your habits and not falling victim to poor choices

Understand the end goal and slowly work your way to it

Taking on the actions of someone successful and becoming that identity

Why bad habits can be so hard to break

How long does it take to develop a habit?

Intaking media that will change your mindset and influence your actions

And So Much More!

Links from the Show

BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors

Click here to check the full show notes: https://www.biggerpockets.com/show485

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

484: 3 Ways to Simplify Your Real Estate Investing with Brandon Turner Jul 08, 2021

Brandon Turner is a man of many talents. Whether it be building a real estate empire, growing a team, or surfing out in Maui, he seems to make it all look so simple. Yet, that is his key to success. Simplicity.

Brandon’s keynote speech from BPCon 2019 touches on many things, including how to simplify your business so it’s working for you, how to grow a team you trust, working with your strengths, and becoming the superhero in your own story. It also includes glimpses into Brandon’s everyday life. From hair styles, to how to ask out your crush, and even saving naked swimmers on Maui beaches.

Regardless of where you’re at in the journey, every successful business owner (whether real estate or not) has to make a big business into something simple and seamless, and that’s what you’ll learn from Brandon’s keynote speech.

Want tickets to BPCon 2021? Click here!

In This Episode We Cover:

How to make your real estate business as simple as possible

How to take the complexity out of tasks that seem difficult at the start

Why simple isn’t easy (but it’s worth it)

How to stop yourself from “building too many bridges”

Why you need to hire before you’re ready

The importance of rehearsing your steps (in business and surfing)

How to become the “Superhero” in your story

Why Brandon had a mullet in his youth

And SO much more!

Links from the Show

J Scott 's BiggerPockets Profile

BiggerPockets Business Podcast 18: How to “Have It All” by Living with Intention with Brandon Turner

BiggerPockets Podcast 394: Making a 25 Deal/Year Business (and Marriage) Work… Together! with Elliot and Chrissy Smith

Ryan Murdock's Facebook Profile

Check the full show notes here: https://www.biggerpockets.com/show484

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

483: The 5 Things You Need to Build a $1,000,000+ Rental Portfolio Jul 04, 2021

Last week, Brandon and David sat down to talk about the “Core 4” of any successful real estate team. Now they’re here to talk about the “Divided 5-ed”, a term they coined to describe the five team members you’ll need to scale your portfolio to new heights. Both Brandon and David agree that a sizable, growing real estate portfolio needs to be thought of more as a business than just a group of rental properties.

Maybe you’re looking to scale into large multifamily properties, commercial properties, self-storage units, or mobile home parks. Or maybe you’re just going to buy 1,000 single-family homes. Whatever your strategy, you will need a lead generator, underwriter, money raiser, asset manager, and financer/bookkeeper on your team. You may start out doing many of these roles when you buy your first few properties, but as you scale, you’ll need to fill these roles with more fitting individuals.

Maybe you want to get more experience before you start buying properties. Great! Join someone else’s team and think about how you can be the BEST in the role that you’ve been appointed to.

In This Episode We Cover:

The five roles that will make scaling possible (and easy) for your future acquisitions

How to choose the asset class that fires you up

Using DISC scoring to decide who would be best for each role

How Brandon built his team at Open Door Capital using this layout

Finding a team where you learn, grow, and thrive

And So Much More!

Links from the Show

BiggerPockets Podcast 481: Build an Unstoppable Real Estate Portfolio with the “Core 4”

BiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok with Ryan Pineda

BiggerPockets Podcast 444: 150 Deals at Age 22 by Putting Relationships Over Profit with Cole Ruud-Johnson

How to Use the DISC Profile to Communicate Effectively in Business

Click here to check the full show notes: https://www.biggerpockets.com/show483

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

482: Full-Time Fireman Does 300 Deals While Working 40 Hours/Week Jul 01, 2021

Everybody is busy. We have jobs, kids, businesses, and responsibilities to take care of. Why go out of your way and risk your money and time to invest in real estate? Mike Webb, firefighter, investor, flipper, and wholesaler argues the opposite. Mike says that it’s far riskier to simply rely on your job for the entirety of your income.

Mike began his investing career by investing in a side-by-side duplex, rehabbing it, and failing to complete a successful BRRRR. After seeing the cash flow and learning from his mistakes, Mike saw an investment strategy that could carry him to financial freedom. He is still working as a full-time firefighter, but is building his portfolio and completing 20-30 flips per year while he does so. This gives Mike the ultimate freedom to do whatever is best for him and his family, even though he loves his job.

In a world where it seems cool for everyone to quit their job, Mike reassures those who like their work that it’s worth staying, especially to keep that investment money flowing. He also walks through his partnerships, how he hires his team members, and what you can do to systematize your business so you can outsource your work as you take on more strategic roles!

In This Episode We Cover:

Why you don’t have to choose between a career and investing in real estate

Learning from your first deal and using your newfound knowledge to expand

Why the 1% rule and 2% rule shouldn’t be the ONLY metric you consider during deal analysis

Using the BiggerPockets Forums to meet partners, mentors, and other real estate professionals

The “OODA Loop” and why it’s a great tool for organizations

Starting a meetup and being in the know with local investors

Why working AND investing decreases your overall financial risk

And SO much more!

Links from the Show

BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene

BiggerPockets Podcast 469: Why Do Investors Lie to Themselves? +More Audience Q&A (Pt. 2) (Mike's question)

Check the full show notes here: https://biggerpockets.com/show482

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

481: Build an Unstoppable Real Estate Portfolio with the “Core 4” Jun 27, 2021

David Greene is great at coining new terms, just like his co-host Brandon Turner. Today we talk about the “Core 4” of any successful real estate investor's team. This includes the agent/deal finder, the property manager, the lender, and the contractor. Without these Core 4, you’ll have trouble building a real estate empire, especially if you’re doing so long distance. The good news? Even if you’re a brand new investor, you can start building out these relationships today!

With the help of BiggerPockets, you can find agents, lenders, property managers, and contractors. You can also head over to the forums and chat with other investors in your area, get their take on who’s the best in the business, and use their referrals to grow your team.

Are you an agent, lender, contractor, or property manager? Great! Brandon and David drop some tips on how you can attract the best clientele that will help you grow your businesses as well. The most important part of any of this is having open, honest, consistent communication with your team members and making sure nothing is falling through the cracks so everyone knows exactly what they should be doing.

In This Episode We Cover:

What the “Core 4” is and why it’s crucial for all real estate investors

How to find an agent using BiggerPockets’ agent directory

What agents can do to find clients that will close many times over

Why you should never “just go for the rate” when comparing lenders

Why a great property manager should be out of sight and out of mind

Choosing a contractor who ISN’T just an “order taker”

And So Much More!

Links from the Show

Real Estate Investing Calculators

Beardy Brandon

BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy

BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan

BiggerPockets Podcast 475: 50x Your Revenue By Focusing on ROR (Return on Relationships) with John Ruhlin

https://www.biggerpockets.com/show481

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

480: Making $200k a Month After Being on the Verge of Bankruptcy Jun 24, 2021

At one point, Dan Brault had a construction company working on custom builds in upstate New York. He had left behind a successful sales career to do it and although he was highly stressed, he felt all of his hard work was going to be rewarded sometime soon. That is, until, he had a huge project that went over budget, over the timeline, and forced him into $400,000 worth of debt.

Dan closed his company, went back to sales and started to think about what he did wrong. Was it the leadership? Was it the system? Was it just bad luck? Dan went to work, doing whatever he could to level up his business skills so he could get back into real estate full-time and do so in a way that allowed him to scale.

Now, after going through many of life’s lessons, Dan is doing phenomenally, with him and his team closing on 12+ wholesale deals a month, getting him close to $200k in monthly revenue. He credits his success to his systems, his team, and the way he pivoted his leadership that allowed the entire company to work as one well-oiled machine.

In This Episode We Cover:

The danger of buying cheap homes in C or D-class neighborhoods

On-market vs. off-market properties and which investors should go for off-market deals

Dan’s favorite off-market strategies and the way he gets most of his leads

Finding the “price behind the problem” so you can close on more deals

Forming partnerships with real estate brokerages as a wholesaler

The high costs of running a wholesaling team

What sets apart gurus and gimmicks from real, honest coaches

And SO much more!

Links from the Show

BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah

Tony Robbins

Facebook Marketplace

Darrin Damme of Bullseye Branding

Check the full show notes here: http://biggerpockets.com/show480

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

479: 10 Powerful Lessons Brandon Learned Building a $50M+ Rental Portfolio Jun 20, 2021

We all reach a point of complacency. We tell ourselves that we’ve done enough, it’s too hard to go further, or we don’t have enough experience, money, or time to accomplish the goals that seem impossible. Brandon Turner, host of the BiggerPockets podcast, was feeling this way too, sitting on a decade worth of real estate, with enough passive income to live his life how he saw fit. It wasn’t until Brandon started surrounding himself with people who did much more than him that he realized he wasn’t hitting his true potential.

Now, leading the real estate syndication Open Door Capital, Brandon has more than 10x-ed his rental portfolio, built a life he loves in Maui, and worked with some of his heroes. This wasn’t by accident, it also wasn’t dropped into his lap. Brandon spent serious time thinking about his “vivid vision” of the future, what he wanted out of life, and who would help him get there.

He’s had ups and downs, with some of his favorite employees leaving, partnerships falling through, and deals being lost. All of these proved to be valuable lessons in his ongoing work to create a mobile home empire and become the best of the best at what he, and his team, does.

In This Episode We Cover:

The 10 lessons Brandon learned starting Open Door Capital

Why it’s crucial to have a goal for your life and shoot towards it

Understanding when you’ve become complacent and finding inspiration

Giving up more to work with partners who will bring you far, far greater returns

Working for your employees and doing anything you can for their success

How coaching allowed Brandon to open up his mind to huge possibilities

Using a “Hunger Games” style recruiting technique when finding new talent

And So Much More!

Links from the Show

BiggerPockets Membership

BiggerPockets Book Store

BiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees

BiggerPockets Podcast 369: Escaping the Day-to-Day Grind to Work on Your Business with Jefferson Lilly

BiggerPockets Podcast 246: Surviving the Coming Crash, Earning 20% Returns, and Buying Mobile Home Parks with Kevin Bupp

BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions with Cameron Herold

BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray

BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray

Pre-order Multifamily Millionaire by Brandon Turner and Brian Murray

https://www.biggerpockets.com/show479

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

477: Discomfort & Uncertainty Lead To Victory w/ BJJ Black Belt Ryron Gracie Jun 13, 2021

What happens when you’re pinned to the floor in the middle of a fight? Someone has you in a locked position and you can’t move. You’re sweating, you’re angry, and you start feeling the will to fight flow through your whole body. Although we’re talking about Brazilian Jiu-Jitsu with the legendary trainer and black belt, Ryron Gracie, we could easily be talking about real estate.

So many new real estate investors come into this space being scared of discomfort, wanting to be hand-held, and feeling like there is no way to hit their investing goals. That is until they’re put in the proper position, scenario, or matched up with a great teacher. These are the exact lessons that Ryron shares with us today.

As a lifelong Jiu-Jitsu practitioner, and now a teacher himself, Ryron knows that the same lessons applied on the mat should be applied in everyday life. Lessons like: be comfortable with discomfort, never get pulled into anyone else’s fight, and change the game to fit your needs. This not only makes Ryron a financially successful individual, but a master in martial arts.

Even if you’ve never done martial arts, had any interest in Brazilian Jiu-Jitsu, or started real estate investing, this episode will help you change your mindset to thrive in situations where you feel lost and helpless, which is something all of us need throughout our lives.

In This Episode We Cover

“Emotional Jiu-Jitsu” and how to find comfort in difficult conversations

Taking the fight to the ground and changing the game

The crossovers between martial arts and building wealth through real estate

Putting your ego and insecurity to the side and doing what’s truly best for you

Realizing when you’re coming from a place of lack

And So Much More!

Links from the Show

Gracie University

Check the full show notes here: http://biggerpockets.com/show477

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

476: Using Partners to Scale & Killing it With Airbnbs w/ Tony J Robinson Jun 10, 2021

Normally we have two hosts and one guest, but today we have three hosts, and one of them happens to be a guest as well. We welcome Tony J Robinson, host of the BiggerPockets Real Estate Rookie Podcast, to the show! Tony has grown a respectable following due to his impressive short-term rental portfolio, his ability to scale quickly, and his made-for-radio voice.

Tony grew up with real estate around him. His dad had a wholesaling company, and when it closed down his father relayed to Tony that his biggest mistake was failing to keep any of the wholesale deals as rentals. With this advice in mind, Tony saw an opportunity to fix up some rental properties in Louisiana. This gave him an intro to real estate funding, and after a few successful deals, he decided to dive in head first.

Now, Tony has short-term rentals in Tennessee and Joshua Tree. He’s started multiple partnerships and speaks on the benefits of having reliable, trustworthy partners, plus how to avoid toxic partnerships that will stop you from scaling. He also lets us in on his free and simple method of finding out whether or not a market will work for short-term rentals.

In This Episode We Cover:

The importance of having cash-flowing passive income
Why you should never treat a rental like your primary residence
Buying in markets that are heavily reliant on tourism
How to make a strong, stable, and reliable partnership
The risk vs. rewards of short-term rentals
Long-distance real estate investing as a rookie investor
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Real Estate Rookie Podcast
BiggerPockets Money Podcast
BiggerPockets Youtube Channel
BiggerPockets Money Youtube Channel (Please subscribe!)
Real Estate Rookie Youtube Channel (Please subscribe!)
BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl
Airbnb
VRBO
Zillow
PriceLabs
Brandon's Instagram
David's Instagram

Check the full show notes here: http://biggerpockets.com/show476

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

475: 50x Your Revenue By Focusing on ROR (Return on Relationships) with John Ruhlin Jun 06, 2021

You wouldn’t think that a farm boy from Ohio would be spending hundreds of thousands if not millions on expensive clothing, high-priced whiskey, and expensive knife sets, would you? Only, he’s not buying these things for himself, he’s buying them for his clients, many of whom are some of the biggest names in business and entertainment. What does John Ruhlin from Giftology see in gift-giving that we don’t?

First, John realized that giving regular corporate gifts, like a stress ball or a free pen, wouldn’t cut it when trying to build long-term relationships. He even went as far as to get courtside NBA tickets paired with a $500 steakhouse dinner to get Cameron Herold (a past guest of ours) on his team, only to find that Cameron was severely disappointed. So he started turning up the personalization of his gifts.

Now, John sends out personally engraved knife sets, world-class food and wine pairings hosted by the best sommelier in the country, and video messages sent in physical boxes (seriously). He’s discovered the art and the science behind gift-giving and wants everyone to know what is, and isn’t an appropriate gift. As he puts it, you need to focus on your ROR (return on relationships) more than your ROI.

In This Episode We Cover:

The gifts you SHOULD NOT give to those you want to impress
Focusing on ROR (return on relationships) as opposed to ROI
Have a “relationship plan” in place for clients, employees, and partners
Using personalized gifts to stick out from the competition
Taking a warm lead and turning it into a burning fire
The best gifts to give based on the occasion, timing, and relationship
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show475

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

474: How this Busy Mom of Three Bought $75M of Real Estate w/ Pili Yarusi Jun 03, 2021

Letting go of something successful isn’t easy, but what if you know it’s costing you your dreams? Today we talk to mother, real estate agent, and massive multifamily investor, Pili Yarusi, about doing what it takes to stay focused, engaged, and on top of your life.

Pili moved out to New York from Hawaii with dreams of becoming a star in theater but ended up working as a bartender. Lucky for her, bartending is where she met her husband and future business partner. Together, they started flipping houses, which taught her not only to systematize investments but also to use her creativity in an efficient way. She and her husband later expanded into wholesaling.

Pili knew something was missing and she wanted to focus more on growing a multifamily portfolio. With help from some mentors, she realized that the main thing holding her back was her current (and very successful) flipping and wholesaling business. She closed both businesses, got herself systematized, and went head first into multifamily.

Now this homeschool teacher/mom is sitting on $75,000,000 in real estate, totaling in at 850 units. No small number by ANY means! She gives some incredible advice on what new investors need to do before they can reach their goals of owning big portfolios.

In This Episode We Cover:

Limiting your creativity (in a good way) when doing flips and rehabs
The 4-3-2-1 principle and waking up with A.L.O.H.A
Identifying as the person you want to become, and letting go of less useful identities
The right (and the wrong) way to train employees and build a team
506b vs 506c syndications, plus what to know if you want to start one
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show474

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

473: Quitting the Police Force, Wholesaling, & Buying Notes with David Greene May 30, 2021

There is only one man on the podcast today that has a beard, and no, it’s not the guitar-playing, surfing, 7-foot tall one. David Greene is “seeing Greene” in this episode and gives new and experienced investors advice and answers on their questions. We go through a range of subjects from real estate notes, quitting a W2, scaling, and whether or not to start a property management business.

With David’s experience as a W2 police officer, agent, broker, investor, and lender, he can give all kinds of great answers related to real estate. So whether you’re a newbie trying to get your first deal done or an experienced landlordclosing on a new house every week, there is probably some question David answers that can help you out!

All of these questions have been asked by BiggerPockets listeners either via video or from Facebook. If you weren’t able to get a question answered by David this time, you can submit a question at this link.

In This Episode We Cover:

Purchasing a property from a wholesaler
How to place properties under an LLC once purchased
Is land worth pursuing or should you stick to properties?
When is the right time to quit your W2 and pursue real estate
Can you 1031-exchange a flip into a buy and hold rental?
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show473

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

472: Here’s What You SHOULDN’T Do When Long-Distance Investing May 27, 2021

Nick Lamagna wasn’t planning on getting into real estate investing. When he finished college he knew that he wanted to go into law enforcement to help with counter-terrorism. He scored well on all the tests needed to be a great candidate for his dream job, but when he suffered a permanent hand injury, he was disqualified from working in law enforcement.

During a period where Nick didn’t know what he was going to do, his mom forced him to read Rich Dad Poor Dad, which (like many of our listeners) changed his view on making money and having a career. After the initial interest was sparked, Nick started tackling real estate deals outside of his native state of New York.

He faced challenges with getting mortgages, so he partnered with other real estate investors. He needed more cash, so he started wholesaling. The 2008 housing market crash happened, so he decided to start flipping. And now, Nick is going into bigger deals like commercial real estate and mobile home parks.

Nick’s advice to new investors: think creatively, get comfortable with being uncomfortable, be in constant contact with your team, and don’t stick to one strategy.

In This Episode We Cover:

Long-distance real estate investing when your local market is too expensive
Building a buyers list for wholesaling and networking
Partnering with others who can finance real estate purchases
Why communication is key when doing long-distance renovations
Turning your weaknesses into your greatest strengths
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show472

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

471: What Michael Jordan and Kobe Taught Tim Grover about "Winning" May 23, 2021

We like to think that we have a lot of winners on the BiggerPockets Real Estate Podcast, whether they are in real estate or not. We may have one of the biggest winners on today's show. Tim Grover, trainer to Michael Jordan and Kobe Bryant joins us to talk about overcoming adversity, developing a winning mindset, finding what makes you fail, and his new book, accurately titled Winning: The Unforgiving Race to Greatness.

Tim argues that one of the hardest things to succeed in is business since there are so many factors that influence success. When you own or run a business, you’re constantly being thrown curveballs (like a global pandemic tied with government shutdowns). So how do you succeed when there is a constantly changing game plan? You adapt, you overcome, and you mitigate failure.

These are the exact lessons that Tim taught to his high-profile clients, like Michael Jordan and Kobe Bryant, arguably the two greatest basketball players of all time. Before MJ and Kobe became the best, they had to master being average, then being good, then being great. So many people want to take shortcuts to greatness, not understanding that mastering those different levels is what truly puts you on a different stage than those who master the average level and give up.

In This Episode We Cover:

What really holds people back when they say they want something
Focusing on recovery and health before trying to up your abilities
Becoming a constant reminder to others to win and shoot for success
How to stop performing with emotion and start performing with energy
Stop confusing “finishing” with “winning”
Struggling with balance when succeeding in your career, family life, or anything else
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show471

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

470: The 7 Tips @investorgirlbritt Used to Go from Amateur to Pro Investor May 20, 2021

There has been a great feud between Brittany Arnason and Host of the BiggerPockets Podcast, Brandon Turner. Both of them have done lots of renovations on houses, secured millions in funding, and live right next to the beach in Maui, but only one of them has won a “quickest person to get to 200,000 followers on Instagram” battle. We’re happy to have the winner on our show as a guest today!

Brittany started out her real estate journey when she was 18 years old, buying her first rental property and tackling a multitude of different DIY projects. If you haven’t heard her story, you can check it out on episode 320. Now she’s back to talk about how she moved to Maui, hired out her employees, secured funding on commercial deals, and used social media to get her deals and connections.

Her biggest advice to new investors, “jump in before you’re ready”. You won't ever have all the answers, but those who get started will finish far ahead of those who always dream about being an investor. You can also help ease the stress and unforeseen speed bumps by getting in groups with other investors, following those you look up to on social media, and becoming a resource for future mentors.

In This Episode We Cover:

Using social media to find deals, mentors, employees, and friends
Generating leads in unorthodox ways
Fighting back against imposter syndrome and seeing your strengths
Getting super cheap interest rates when closing on commercial mortgages
Why the bigger deals tend to be the more passive ones
Why whatever you believe can end up being true
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show470

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

469: Why Do Investors Lie to Themselves? +More Audience Q&A (Part 2) May 16, 2021

We interview a lot of great guests on our Sunday episodes of the BiggerPockets Real Estate podcast, but we rarely hear from agents, investors, and BiggerPockets listeners who are in an early stage of real estate success. Both Brandon and David know what it’s like to be grinding, day in and day out, to get your real estate business off the ground. That’s why they’re here today to answer questions from live listeners about mindset, mentality, and growth.

We talk to Brody, Joseph, Wale, and Mike, all in different stages of their real estate journey, and all very committed to success! You’ll hear questions like:

If given the chance to go back, what would Brandon and David do differently?
What deserves more emphasis, mindset or skill set?
Is it okay to explore different opportunities at an early stage of investing?
How to find balance when SO many opportunities are exciting?
How do you make time for family, a job, side businesses, and real estate?
Why do investors lie to themselves?

Thanks again to our guests for coming on and throwing such great questions at Brandon and David!

In This Episode We Cover:

Leaving your W2 job to pursue real estate and other opportunities
How to harness your mindset to grow your specific skill set
The power of house hacking, and how it pushes your portfolio forward
Scaling bigger and faster (even if it’s scary)
Developing the ability to adapt, so you can survive any situation
How to stop making promises that you’ll fail to uphold
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show469

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

468: You Asked, Brandon and David Answered: Real Estate Q&A (Part 1) May 13, 2021

Last time we did a live Q&A, fans from all over came on to ask questions to Brandon and David. Now we’re back, answering the questions that BiggerPockets Real Estate Podcast fans have on their minds. We’ll go over a handful of questions, all from different investors in different parts of their real estate journey. Questions include:

How can investors offload their unwanted properties to charities?
How do I stop analysis paralysis even after so much research?
Is it a good idea to buy in an area with a falling population?
What metrics should I look for when scaling my portfolio?
What’s the best niche to build wealth fastest?
Plus other commonly asked questions

Thanks again to our guests Nicole, Michael, Ryan, Owen, and Emily for throwing their great questions at Brandon and David!

In This Episode We Cover:

The biggest regret that most real estate investors have
Scaling to bigger and better deals (with higher unit counts)
Finding a mentor who can push you to accomplish BIG deals
Using other people’s money to build your real estate portfolio
The best niches for newbie investors to start out in
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show468

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

467: #1 NYT Bestselling Author Adam Grant on the Need to “Think Again” May 09, 2021

Everyone wants to be right all the time. We have so many preconceived notions running through our heads at all times, and we always think that we’re the ones standing on the right side of history. What if that train of thought was secretly pushing you to failure, or even death? Adam Grant argues this point in his book Think Again.

Adam hypothesizes that the main reason so many businesses, relationships, and experiments fail is because those in them tend to be locked in on one view. How many times have you been in a fight with your partner where you realize you maybe wrong, but also realize it would be worse to back down from your original stance?

This is how businesses like Blockbuster and Blackberry slowly faded away while the likes of Apple and Microsoft flourished. Adam talks through some of the best (and worst) moments in business history when companies thought they were too big to fall. The same goes for political candidates, social movements, and almost any other type of human-to-human interaction. The one way you can be sure you’re coming out with the right conclusion? Think like a scientist!

In This Episode We Cover:

The preacher, prosecutor, and politician mindsets
Valuing humility over pride and stopping your ideas from becoming your identity
How ego, image, and regret play into the way we act
Blackberry vs Apple and how Steve Jobs made the right decision
Why you should give people FEWER reasons to back up a proposal
Why “super forecasters” will never let a bias persuade them
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show467

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

466: Buying “Lottery Ticket” Investment Properties with Alan Corey May 06, 2021

Alan Corey has had an interesting career to say the least. He’s been an IT worker, a comedian, an author, a real estate investor, and even a reality TV star. Alan has always been fascinated with making passive income in a frugal, but very intelligent way. He’s so frugal in fact, that he made up a crazy story to be on the Jerry Springer show, just to get a free trip to Chicago out of it. Talk about being committed!

Alan’s real estate story starts off with buying a 1 bedroom apartment in Brooklyn, New York, hanging up a curtain in the living room, and house hacking. He then repeated this strategy over and over again, becoming a millionaire before 30 years old, with a lot of property and “good debt”. Alan is part of the FIRE (financial independence retire early) community, but instead of investing mainly in stocks, he does so in real estate.

His strategy is simple: buy a rental property for every bill you have, then start inventing “fun bills” as excuses to buy more rental property. Whether you’re looking to pay off your phone bill every month, or finance your brand new Tesla, this strategy will work for you. Alan also “hides money from himself” so he can be better off in the future. Right now he’s sitting on around $8,000,000 of real estate solely from his own investments.

His new book House FIRE teaches you everything you need to know about retiring early with real estate!

In This Episode We Cover:

Chasing financial independence and early retirement with real estate
Taking on “good debt” so you can grow you real estate portfolio faster
Thinking of each property you buy as a “lottery ticket”
Alan’s books: A Million Bucks By 30 and House FIRE
The danger of high-interest consumer debt (like credit card debt)
Seller financing and zero cash-flow triple net leases
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show466

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

465: How Ryan Serhant Uses "Big Money Energy" To Make Millions May 02, 2021

If you don’t feel amped up to accomplish your goals, you definitely will after this episode. Today we talk to real estate agent, entrepreneur, author, and Million Dollar Listing New York star, Ryan Serhant. You’ve probably seen Ryan selling ridiculously nice (and expensive) homes on TV, but today you’ll be the private audience to hear his backstory, his work ethic, and how he developed his big confidence.

Ryan moved to New York to become the next big star in theatre, but after seeing the financial position of those “successful” actors he looked up to, he made a pivot. Ryan got his real estate license and started listing apartments to pay his bills, but was given a golden opportunity when an foreign buyer specifically chose him to find her next multi-million dollar home in New York City. Ryan still remembers the lack of confidence he felt when he got the listing, and knew the only thing to do was educate himself and practice his pitch. Long story short, he helped the buyer find her dream home, and the rest is history.

You’ll hear Ryan talk about the importance of confidence, not only in this podcast, but in his new book Big Money Energy. Brandon and David both agree with Ryan on how important, and often undervalued, having confidence is. Not just confidence in your work, but confidence that you’ll be able to accomplish the most challenging tasks you set for yourself!

In This Episode We Cover:

Selling the most expensive home in Florida
Using the pandemic to springboard a new career or venture
Taking on a task, developing the confidence, and succeeding
Leaning to own the things that make you different from everyone else
Stop focusing on the deals and start focusing on “the work”
Many, many multi-million dollar deal stories
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show465

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

464: Scammed, Cheated, But Still Coming Out with 50 units with Welby Accely Apr 29, 2021

Many, many people give up on real estate after just one bad deal, one bad tenant, or one bad flip. But what if you lost all you had from real estate deals, would you still be willing to bet on real estate? What if you lost it all twice? Welby Accely, has been in that position. He lost all he had, two separate times through dicey real estate deals. He never did give up on real estate, and now he’s sitting on 50 rentals and over 70 completed flips.

Welby grew up in Brooklyn, and knew that his godfather was doing well in real estate, so when he got older, he decided to give it a shot. He invested in a multifamily deal in Atlanta, overleveraged himself, and had it foreclosed on him. A few years later, he had another Atlanta property taken from home. Welby was wiped out. He got scammed, lied to, and dove in too deep a couple times.

After these tough experiences, he knew he had to do whatever he could to make sure his due diligence was top notch. He was later told about Connecticut, and decided to take some serious time exploring the market, building relationships, and networking. Then, he started flipping. 1 house a year, 2 houses a year, then 15 houses a year, and now 20 houses a year.

Now, Welby takes young and aspiring real estate investors on “ride alongs” so they can see exactly what it’s like to be a real estate investor!

In This Episode We Cover:

How crucial it is to understand your market before you invest
Never trusting a new partnership without proof of concept and contracts
Pulling yourself back up after losing tens of thousands of dollars
Putting in offers everyday so you can secure a deal
Hard money loans vs. using your own capital
Helping build other’s businesses so they stay loyal to yours
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show464

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

463: How to Get Your First or Next Property (Step-by-Step) in 90 Days Apr 25, 2021

We often have famous guests come on the BiggerPockets podcast and talk about their deals, their businesses, and their journey. Today you’ll hear from one of the biggest real estate celebrities, Brandon Turner, as he goes through the 90-day challenge, preparing you to buy your first (or next) real estate deal in the next 90 days.

You’ll hear Brandon’s story on why he went into real estate, how he grew his portfolio, and the exact steps he took to reach financial freedom and grow his portfolio to over 1,000 units! We’ll go through developing a real estate strategy, picking a niche, finding your “why”, finding a deal, marketing, financing, and calculating a real deal live on the (pre-recorded) webinar!

This is the hand-down best place to start as a newbie investor or an investor who just wants to grab some more deals in the next 90 days. These actionable steps have helped hundreds of investors across the BiggerPockets forums, and can help make you a successful real estate investor sooner!

In This Episode We Cover:

Discovering your “why” behind investing, real estate, financial freedom
How to find deals even in competitive markets
Going over a live deal using the BiggerPockets rental property calculator
How to find your “home run number” that makes a deal great
Using the L.A.P.S funnel to never run out of deals
Financing and funding your first property (even with no or low money down)
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show463

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

462: The 5 Fundamentals That Lead to $35M of Real Estate in 1 Year with Terrance Doyle Apr 22, 2021

Some would call Terrance Doyle a “baller”. Not because he’s done hundreds of millions of dollars in real estate transactions, or because he has done over 600 flips, or because he helps lead the Tribe of Multifamily Mentors. Terrance played college basketball, which grew into working as an NBA sports agent, garnering him access to famous coaches, players, and executives.

Terrance and a couple of his college teammates started a franchise after college, and needed somewhere to park cash. Another teammate helped Terrance buy a foreclosure at a public trustee sale, which he flipped for a sizable profit. This is when he knew that the real money was made in real estate. Between 2008 and 2014, Terrance did over 600 flips, in multiple different areas of the country.

As he learnt to build relationships and rapport with buyers, sellers, lenders, and contractors, Terrance started taking on bigger and better deals. He’s done $35,000,000 in transactions since the start of the pandemic and relies on the five basic fundamentals of real estate: know your market, be aggressive, be faster than the competition, have solid lenders, and make sure your ducks are in a row.

In This Episode We Cover:

The 5 fundamentals of successful real estate investing
Going from NBA agent to full-time real estate professional
Finding your competitive edge and knowing where you can add value
How to invest in a very expensive market (like Denver!)
Cap rates, NOI, cash on cash return, and other important metrics
How to run your organization more efficiently, so you can do more
And SO much more!

Links from the Show

Check the fulls how notes here: http://biggerpockets.com/show462

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

461: Defeating the "Enemy of Success" with Steven Pressfield (The War of Art) Apr 18, 2021

It’s daunting to wake up every day and try your best at whatever it is that you do. Maybe it’s your job, maybe it’s real estate, maybe it’s writing a book. When you sit down at your desk, there’s that little voice that says “get another cup of coffee” or “just take a little email break before you start” or “you’re not going to get anything done, who are you kidding?”

This is the voice of resistance, and to author Steven Pressfield, it’s a voice that needs to be silenced and controlled at all costs. Steven should know, he wrote the book on fighting resistance, The War of Art, where he talks about how to keep up inspiration, even when there isn’t any to be found. As Steven puts it “an amateur does things when they feel like it, a professional doesn’t care how they feel, they just do it.”

This is something many real estate investors struggle with. We want to buy another property, but we get stuck in analysis paralysis, or scared off by some new type of financing, or don’t want to take on another rehab. Professionals don’t let their environment (or their own mind) tell them what they should and shouldn’t do. Professionals do what has to be done.

We also talk with Steven about his latest book A Man At Arms and why the ancient world of nobility and strength intrigued him so much. If you’ve seen any of Steven’s films, read any of Steven’s books, or just want to push through to success, you’ll love his take on writing, success, and failure.

In This Episode We Cover:

How to push past failure, regardless of the line of work you’re in
Overcoming the “analysis” phase of any new venture or life dream
How resistance plays a role in failure for many real estate investors
How to fight resistance so you can push through to your goals
The villain on the outside, and the villain within you
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show461

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

460: From Sleeping on a Couch to Owning 20 Units (in 2 Years!) with Robert Charles & Ayoka Moss Apr 15, 2021

If you’re listening to the BiggerPockets podcast, you know that the only way to reach financial success is to climb the corporate ladder, right? Nope! Yet, many people still believe that the only way for them to get rich is by going above and beyond for a job, only to be let go when the company is sold or merged. This is exactly what Ayoka Moss and Robert Charles thought, until they were put in a situation where entrepreneurialism and real estate was the only option.

Ayoka had serious drive, especially after reading Rich Dad Poor Dad (a favorite of the BP community). Robert, on the other hand, was working as hard as he could, selling cars, breaking sales records, but once he was let go due to his company being bought out, he had open ears for Ayoka’s proposal. Ayoka and Robert decided to start wholesaling real estate, and had 6 failed deals before they finally found themselves making a profit. Once the money came in, they knew they had to do whatever it takes to reach success in real estate.

Now, only a couple years later, Ayoka and Robert are living rent free, with 20 units, and 35 deals done! That’s some serious change when compared to their old W2 lifestyles. Ayoka and Robert go through how they got deals done, found mentors, and most importantly, changed mindsets to tackle what really matters.

In This Episode We Cover:

How real estate wholesaling works
Why the corporate lifestyle doesn’t last forever for most people
Understanding real estate before you jump in head first
“Un-Labelling” yourself so you can accomplish anything
Balancing wholesale fees with cash flowing rental properties
Finding mentors and providing value so they trust you
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show460

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

459: The Superpower of Listening: Get More Out of Your Conversations Apr 11, 2021

Have you ever been in a conversation where someone has had to ask you to repeat something multiple times? It’sfrustrating when you’re trying to tell someone something and they just won’t listen, but what about all the times you’ve been distracted in a conversation? There are a handful of reasons why humans aren’t great at listening, but the benefits to becoming a true listener are off the charts. Better connections, more trust, and happier relationships just to tout a few.

In her book, Listen Like You Mean It, Ximena Vengoechea talks about why listening is so important, and why we often get it wrong. Being a great listener is almost like having a super-power, you’ll be able to tell what a person wants and needs faster and more accurately. This can help in almost any business, but especially in a people-first business like real estate when you’re constantly talking to tenants, management, sellers, buyers, or agents.

Ximena goes through the 3 qualities that are most needed when becoming a great listener and how you can put yourself into “listening mode”. She also walks through how to have difficult conversations or conversations with people who aren’t the best listeners, plus what you can do to make sure that the person talking to you really feels heard. This isn’t just a crucial trait for anyone in real estate, but for anyone who wants successful relationships with the ones they love.

In This Episode We Cover:

How user research prompted Ximena to write about listening
Asking good questions that help people open up more
Cutting out the distractions and being present and mindful in a conversation
Why attention tends to waver in day-to-day conversations
The 3 most important qualities you can adopt to become a better listener
How to be more extraverted in conversations
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show459

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

458: Ditching "Active Investing" for More Passive Income Streams with Tamar Hermes Apr 08, 2021

Every real estate investor knows that things don’t always go as well as we’d like. What happens when you’re hit with a $16,000 bill to fix a sewer, or when 20 of your tenants call you all at once with problems? Some things, like those examples, make active real estate investors envy passive investors. This is why Tamar Hermes decided to go on a more passive route for real estate investing.

Tamar started at age 28, working as an executive in the television industry. She realized that she was trading her time for money, and without her job, she wouldn’t be able to pay her bills. So, she put 10% down on a duplex and started house hacking. Over time she bought more and more duplexes, some even out of her 401(k). She was an aspiring landlord, but after being hit with the situations above, she decided to sell all her units in Los Angeles and put her money into more passive income streams.

Now she’s invested in syndications, like Brandon’s Open Door Capital to be exact. This gives her far more freedom to pursue her passions in life, without having to worry about those 2 A.M. toilet calls. Tamar refers to herself as a very cautious investor, and that may be why she feels far more diversified with passive investing than active investing.

She also talks through “finding your tribe” and how Gobundance has helped her meet friends and partners within the real estate space. This doesn’t mean you need to go out and find a group, but having friends and allies within your certain niche can help move you miles ahead of the competition!

In This Episode We Cover:

Using house hacking as a way to fuel your real estate investing
The difference between passive and active real estate investing
Finding cash flow AND appreciation when looking for rental properties
“Upgrading your investing” and growing your investor mindset
Recourse vs non-recourse loans
Finding quality agents, certified financial planners, and other partners
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show458

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

457: How Thinking 5 Moves Ahead Can Make You Millions with Patrick Bet-David Apr 04, 2021

Some people are born into wealth, but none are born into success. Success needs to be earned, through pain, hard work, and perseverance.

Patrick Bet-David came to the United States during the Iranian Revolution of 1978, after already being a refugee in Germany. Patrick served in the U.S. Army and prided himself on his ability to party, but after a family health emergency, he decided enough was enough, and he became the hard-working, driven man he is today.

Now, a successful businessman, media producer, best selling author, and CEO, Patrick has a lot of wisdom to share for young and aspiring businesspeople. One of his biggest lessons: don’t waste your pain. Patrick shows how the best of the best in business, sports, or any other field are consistently putting themselves in positions where they have to fight to be the best. Patrick argues that even if you’re the best basketball player in your high school, once you go to college you may be at the bottom of the list, and once you become the best in college, you may be stuck again at the bottom of the professional leagues. This means you have to constantly change, adapt, and improve yourself to become the best of the best.

We also talk about Patrick’s book, Your Next Five Moves and how people who are masters in their skillset are thinking at least five moves ahead of their competition. Want to buy a house? What are the next 5-10 moves you could make right now to get that done. Most people do a single step, stop because it’s too hard, and leave it at that. If you want to be the best of the best, you need to think bigger and understand the importance of the sequencing of those steps.

In This Episode We Cover:

Patrick’s journey from refugee to multi-million dollar business owner
Pushing yourself to perform at the highest level you possibly can
Giving your children values instead of material gifts
Thinking five steps ahead of yourself and the competition
Going through a “Personal Identity Audit” and learning to accept yourself
Entrepreneurship vs Intrapreneurship
And So Much More!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show457

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

456: 126 Multi-Family Units On a Military Salary with Erika Sleger Apr 01, 2021

Anything over 100 units tends to scare many investors, especially rookie investors. How do you even get to 100 units when it’s already challenging enough to get one? That answer is simple: stack them slowly over time. That’s exactly what today’s guest, Erika Sleger, did. Erika heard about house hacking from a lecture in college, so once she graduated she decided to buy a fourplex, live in one unit, and rent out the others.

She learnt some valuable skills from that first fourplex and later sold it for a nice profit, 1031 exchanged it into an 18 unit, and started collecting rent. From there, she used her equity on the 18 unit to buy a 64 unit. Another 16 units here, some more units there, and before she knew it Erika had over 120 rental units. She acquired all of these properties through 1031 exchanges and pulling cash out via refinances for down payments.

Managing over 100 units isn’t easy, it took Erika a while to find management that worked, and she was still managing her managers. Even with the best due diligence, Erika talks through the challenges of filling and managing so many units. That’s why Erika sold her multifamily properties and moved her money into commercial real estate.

Now she owns “amazon-proof” commercial spaces for coffee shops, a daycare center, and even a car maintenance shop. These leases are triple net, and give her the flexibility to move wherever she wants in the world, without having to over-manage a property manager. This is what “the stack” done correctly looks like!

In This Episode We Cover:

House hacking to secure your first rental property
Using 1031 exchanges to acquire more properties with no capital gains taxes
Buying LARGE multifamily properties and setting up management
The importance of due diligence when buying multifamily and commercial
Triple net leases and the benefits of commercial buildings
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show456

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

455: Mixtapes to Millions in Real Estate with DJ Envy and Cesar Pina Mar 28, 2021

You’ve probably heard of The Breakfast Club, the morning radio show in over 90 markets that covers everything from hip hop culture, to celebrity gossip, to politics and more. If you've listened, you may recognize DJ Envy’s voice. He’s here today with his partner Cesar Pina, to talk real estate, seminars, and business.

DJ Envy grew up in Queens, New York, and was neighbors with a successful DJ. After he heard how much money DJs were making in the city, he decided to start DJ-ing himself, and began releasing mixtapes. As his success grew, he started working for a radio station and landed a morning show, which later became known as The Breakfast Club.

After buying his first house and later selling it due to a long commute, Envy walked away with around $80,000. He was hooked, and knew that real estate was a long-term way for him to build his wealth and create success for him and his family. He started out buying a house every year and selling it a year later, then bought some homes in Detroit for $15,000 that sold for over $260,000! Envy wanted to get more into real estate, so he was introduced to Cesar.

Cesar was serving time in prison when he first learnt about real estate investing. Once he was released, he decided to jump in. He bought single family homes, then small multifamily homes, then went on to commercial buildings. Now, heowns more than 1,600 units and flips anywhere from 60 to 80 houses per year! His new book, Flipping Keys, comes out later this month.

Cesar and Envy became an unstoppable duo, and now they're teaching others how they too can buy rentals and flip houses. They see this as a way to serve their community and let those who may be unaware of real estate investing have a chance at success and financial freedom.

In This Episode We Cover:

How DJ Envy started buying and flipping homes
Buying homes under market value to make high profits
Why house hacking is the best way to get started in real estate
Buying in Detroit during the early days of the recession
How to use other people’s money (OPM) to fund your deals
Why most real estate seminars take more than they give to attendees
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show455

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

454: Retiring in 2 years Through “Aggressive” Rental Property Investing with Rachel Richards Mar 25, 2021

Retiring via passive income is why most people get into real estate, but rarely does someone accomplish that goal within just two years! Rachel Richards, real estate investor, agent, and author of Money Honey shares her story of aggressive real estate acquisition. All purchased, by the way, with at least 20% down!

While her friends in high school may have been reading for fun, Rachel was reading Rich Dad Poor Dad and trying to find the best way to become financially free. After she graduated from college she took jobs where she felt underappreciated and at some points, humiliated. She realized that this was not the path she would go down, and started investing shortly after in 2017. By 2018, Rachel and her husband had acquired 38 doors. Yes, you heard that right, 38 doors in under two years!

These rental properties allowed Rachel and her husband to retire, as they were making six-figure incomes solely from their properties alone. This didn’t mean two years in she was still a rookie. Far from it actually. Rachel had to systematize her rental properties as much as she could within those two years so she could manage them long distance without having huge headaches along the way.

Rachel shares some interesting stories, from turning a duplex into a short-term boarding home, to catching her property managers stealing over $6,000 from her. She’s learnt a lot and put her knowledge into her books Money Honey and Passive Income, Aggressive Retirement, both of which may help you get to where she’s at now!

In This Episode We Cover:

Understanding how important financial independence is to your life
Dismissing limiting beliefs that you can’t or shouldn’t do something
Seller concessions and how you can use them to get more money at closing
Why being too frugal may lead you to lose more money in the long run
Systematizing your long distance real estate investing
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show454

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

453: Live Q&A with Brandon and David: Risk, Partnerships, Inspiration and Opportunity of Real Estate Mar 21, 2021

We’re taking a bit of a detour from our regular programming to answer some live questions on real estate mindset! Brandon and David take live questions from investors across the nation on some of the most hard-hitting/commonly contemplated real estate questions and topics such as…

Is perceived “risk” deterring you from making strong financial decisions?
How do you keep the fire going as an agent and investor when you get rejected?
When should you allow team members to take on your roles and processes?
What to do to get over the fear of partnerships?
How do you balance ambition and being content with your success?
How to find inspiration in other people's success?
What to do when there is SO much opportunity but you don’t know what to choose?
And More!

Brandon and David spend some time answering all of the above questions with life lessons they’ve learned in their investing careers. The solution to the problem isn’t always cut and dry, but almost all of these questions come up in a real estate investor’s career, one way or another.

If you didn’t get your question answered in this episode, stay tuned as we may plan to do another Live Q&A in the future!

In This Episode We Cover:

Answers to the top real estate “mindset” questions
Finding your fire and running towards it
Letting go of the “I have to do everything” mentality
Focusing on one thing, doing a great job, and letting go of the rest
Getting your spouse on board for real estate investing/financial freedom
Staying content and grounded while also striving for greater things
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show453

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

452: Landing Incredible Deals Using This “Scary” Technique with Steve Trang Mar 18, 2021

Steve Trang is all over social media, he runs a real estate brokerage, a sales training business, and a title company, but he didn’t start out as a real estate professional. Steve was actually an engineer at Intel before he made the leap to become an agent. As luck would have it, Steve got in right as the market was about to tank in 2007/2008. Did this stop him from finding success? Of course not!

Steve was interested in real estate, and after finding out what agents did for a living, he knew he needed to make a career switch. He left his corporate job and headed into real estate, trying to get any leads he could as an agent. His prior employer, Intel, told him that he was welcomed back if he ever needed a job, but when he tried to come back a couple years later, they didn’t have a position available for him. He knew the bridge was burnt, and it was time for him to go full throttle on real estate.

Now, a decade or so later, Steve is teaching his tips and tricks to aspiring agents, wholesalers, and de al finders alike. He has a very specific hiring process, and will only start to evaluate a candidate that fits into his time-tested requirements. This helps him weed out potential employees and keep only the serious ones around.

Steve gives some pointers on the best cold calling tips, the common mistakes that newbies make, and how to mitigate rejection when a cold call goes sour. If you’re afraid to cold call or afraid of being rejected in general during real estate prospecting, Steve talks through how he uses rejection to hit the successful metrics he needs!

In This Episode We Cover:

What type of person should be a real estate agent?
Knowing that real estate is a long-term success game, not an overnight win
Using PPC (pay per click), direct mail, and cold calling to get leads
How to hire employees that want success, not just a paycheck
Having regular, but efficient meetings with your team
The top cold calling tips for those who are prospecting
What to do if you’re afraid to cold call (or afraid of being rejected)
And SO much more!

Links from the Show

Check the full show notes here: biggerpockets.com/show452

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

451: Stop Chasing the “False Summit”: Have Better Relationships and Results with Michael Hyatt Mar 14, 2021

Does it ever seem like working overtime is a competition? We often see people bragging about how they work 60 hour weeks, work on weekends, or spend the most time at the office or in front of their computer. Does this constant overworking actually accomplish something or is it more of a chest-beating competition?

Michael Hyatt argues that working crazy hours rarely does anything for our productivity, and if anything, can make our work sluggish and dull. He should know, in the beginning of the COVID-19 pandemic as teams were working more than ever from home, Michael decided to do the opposite. Michael lowered his (and his team’s) working hours from 40 hours a week, to 30 hours a week. The result? A profit increase of nearly 100% and company-wide productivity boost.

Not only does your work quality benefit, but so do your relationships, your health, and your outlook on life when you are off of the “grind mode”. Michael believes this so much that he wrote a book about it. Win at Work and Succeed at Lifegoes through what Michael calls the “double win”: winning at life and work, with no tradeoffs!

Michael lists a handful of ways you can instantly improve your work/life balance. Tips on sleep, nutrition, and getting your “daily big 3” done so you can accomplish goals that matter, instead of just being productive. If you ever feel like a workaholic, these tips will help you align back to a productive yet enjoyable schedule.

In This Episode We Cover:

Fighting the “cult of overwork” especially when working becomes a bragging right
How to keep your business running at full speed while having time for your family
The importance of putting up “hard boundaries” so your day can be respected
Identifying the “big 3” tasks that you need to get done everyday
How to implement “double wins” in your life
Knowing which work is important and which work can be put on hold
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show451

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

450: How Your First Time Home Buying Decision Affects Long-Term Wealth with Scott and Mindy Mar 11, 2021

First-time home buyer? At some point, all of us were. How do you make sure you’re getting a great deal, how should you pay for it, and what can you do to make sure it’s a purchase that will help you grow your wealth. In today’s episode, you’ll hear from Scott Trench and Mindy Jensen, hosts of the BiggerPockets Money Show. Their new book, First-Time Home Buyer, shows how to buy your first property in a way that sets you up for long-term success.

Most people see their primary home as an investment, but that isn’t usually the truth. Housing is a cost, and like many costs in life, we should try to minimize it when we can. Having a lower housing cost can allow you to invest more of your money, build up safety reserves for repairs, and have the financial bandwidth to live with less stress.

Scott and Mindy debate cash flow vs appreciation, how much you should put down on your home, and what kind of liquidity position you need to be in to find success in your purchase and future endeavors. Even if you’re not looking to build a rental empire, this is a fantastic book for anyone who is looking into buying for the first time. Don’t know about equity, title insurance, or other real estate terms? No problem! First-Time Home Buyer has you covered.

In This Episode We Cover:

What will 2021 hold for real estate investors and first-time home buyers
Is appreciation or cash flow a better metric to measure
How to have a primary residence that sets you up for long term wealth
The 5 steps to finding a great deal on a primary residence
Looking at the market even when you’re not ready to buy
What people get wrong when they buy a home
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show450

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

449: How Emails Are Constantly Destroying Your Productivity with Cal Newport Mar 07, 2021

We’ve known for a long time that humans aren’t great at multitasking. Once distracted, our brains find it hard to let go of the new information we’ve just learnt or seen. This is why the constant onslaught of emails, messages, texts, and phone calls could be killing our productivity and creativity. Cal Newport, author of A World Without Email, has seen this first hand.

Cal discusses something he likes to call “Hyperactive Hivemind Workflow”, which is essentially what happens to our brains when we’re constantly being nudged by electronic messages. When you’ve got your head down and are working hard on an important project, just a simple glance at an email can spin everything out of whack.

Here’s the thing, this is happening to all of us, all the time. We are constantly monitoring our emails and messages, and by the mid afternoon, we’re out of energy. We’ve exhausted all of our cognitive resources. But isn’t it productive to check emails and respond to them quickly throughout the day? This is what Cal refers to as the “fool’s gold of busyness”.

Luckily, there are some ways to get us into a more productive state, without having a barrage of emails in our inbox. Cal talks about efficient meetings, Kanban boards, restricting ad hoc communication, having office hours, and being intentional with your time and attention. While these small email responses may seem like just a minute here or a minute there, they actually eat up a huge part of our work life.

In This Episode We Cover:

Why we need to limit our intake of email, messages, and other communication throughout the day
Getting your team to be less ad hoc about communication and more intentional
Having a “process and procedure first” mindset when starting a business
Understanding what the “vital tasks” are in your business
Knowing your cognizant footprint and having intentional attention
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show449

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

448: The Lazy Person’s Guide to Financial Freedom in Less Than 10 Years with Dion Mcneeley Mar 04, 2021

Busy people tend to be...busy, and often, real estate investing is one of the things that they “just don’t have time for”. If you feel that way, listen to today’s guest, Dion Mcneeley as he describes his own system for buying real estate the “lazy” way.

Dion was a police officer and a truck driving instructor, taking care of his kids as a single parent, and struggling to get ahead. He went from $89,000 in debt to becoming debt free and financially free, thanks to the help of rental properties, in just 10 years.

After buying his primary home, Dion heard of success in owning rental properties, so he decided to move out of his house and into an apartment to see if he fit as a landlord. He rented the house to his friend, who later moved out without notifying him. Dion tried to make landlording work with another tenant, but ended up being underwater on the house payments. This is when he found BiggerPockets and read Rich Dad Poor Dad.

What was Dion’s mistake? He wasn’t running his rental properties like a business. After upgrading his processes, he went on to buy and house hack a duplex. Then he bought another duplex as an investment, and another one, then another house hack duplex. Within just 6 years, he had 7 units and was raking in $2,700 a month in pure cash flow!

Dion talks about the mistakes he made, why he prefers side-by-side duplexes, how he’s located his properties for maximum asset protection, and goes into his amazing strategy for getting tenants to sign longer leases and raise their own rents. You can check out Dion’s Youtube channel or find him on the Real Estate Rookie Facebook Group!

In This Episode We Cover:

Why being lazy can be a benefit when building systems for real estate
How to use your job and your rentals to achieve a 100% savings rate
The benefit of side-by-side duplexes as opposed to two-story duplexes
Making sure that your procedures are easy so they can be repeatable
Getting tenants on longer leases and higher rents with the “Binder Strategy”
Spacing out rentals so you have a large pool of tenants to choose from
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show448

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

447: Create Your Dream Life in 3-5 Years Using Vivid Visions with Cameron Herold Feb 28, 2021

What do you want out of life? What do you want to accomplish in the next 3-5 years? When asked this question, most entrepreneurs give a pretty simplistic answer. Something like “Oh, we’ll get more clients by this time next year” or “I’ll buy two more houses and then I’ll be happy”. How often do we sit down and paint a picture of what we want our life to look like? Today we’re discussing Vivid Visions with their creator Cameron Herold.

Cameron is a veteran in the business world, he likes to say that he was “groomed” by his entrepreneurial grandparents and father to become a success story. By the time Cameron was 21, he had a full-on business that had 12 employees, and at 22 he bought his first rental property. He later became a franchisee for College Pro Painters and was so successful that he went on to coach new franchisees.

He’s partnered with hundred-million dollar companies, grown and sold businesses for millions, coached the CEO of Sprint, a monarchy in the middle east, has written 5 books, and runs the Second in Command Podcast, where he talks to successful COOs. Cameron is someone who clearly has accomplished a lot and has a TON of wisdom to share.

Cameron has serious knowledge on business management and talks about the importance of the CEO and COO relationship. Cameron describes how a COO needs to be a partner to the entrepreneur (the CEO) and operate as the ying to the CEO’s yang. If you’ve heard the terms “the visionary and the innovator” from books like Traction, this is exactly what Cameron is talking about.

If you’ve been wondering where the idea of a “plan” or “vision” comes into play, Brandon, David, and Cameron all discuss their “Vivid Visions” and how it’s led them to success in their life. Cameron coined the term “Vivid Vision” because most entrepreneurs were simply writing down a 1-2 sentence mission statement instead of creating a vision of what they wanted their company and future to look like. This vision not only helps you build a life you want by design, it also entices great executives, employees, and partners to join you on your path to that clear and decisive “Vivid Vision”.

In This Episode We Cover:

How Brandon found out about the “Vivid Vision” and how it has changed his worldview since creating one
Why Cameron decided to coach COOs as opposed to CEOs
The importance of having a COO or 2nd in command that you trust and believe in
Why your job postings should scare those who aren’t ready to take risks and grow
Why entrepreneurs have such a hard time when letting go
How to create your “Vivid Vision” in 7 steps
What a great “Vivid Vision” looks like, what it includes, and how to structure it
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show447

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

446: Pivoting the Goal and Swapping Doors for Cashflow with Kyle and Lauren Clugston Feb 25, 2021

Have you ever had analysis paralysis? Maybe you have it right now and that’s why you’re listening to this episode! Kyle and Lauren Clugston would call that “productive procrastination”, and the only way to get out of it is to move forward! They should know, it took them over 3 years before they made their first move in real estate investing!

In college Lauren stumbled upon Brandon’s old blog about real estate investing. As she read, she gained more confidence in the craft, and knew that real estate was what she wanted to do with her money. She then started trying to convince her partner, Kyle, that real estate investing was the way to go. As someone without an investing background, Kyle was hesitant, but took a leap of faith which paid off!

Now they're BRRRR-ing their way through New Jersey, with single family and multifamily properties throughout the state. Lauren and Kyle had to learn a lot before they became the real estate success stories they are now. Things like doing inspections, estimating rehab costs, getting financing, setting up systems and procedures, and getting legal documents prepared were at one point a great challenge to Lauren and Kyle. Now, they’ve got them down!

Lauren and Kyle lay out everything they wish their former selves had known, and go through the things that early real estate investors should worry about, and the things they definitely shouldn’t lose sleep over. This advice could save months, weeks, or hours off of your deal analyses and might be just the thing you need to get out of analysis paralysis!

In This Episode We Cover:

Why house hacking is such a great strategy for new investors
Focusing on the right metrics, whether it be cashflow or units
Defining your specific roles as partners and investors
The importance of weekly meetings with your team
Setting up your real estate to run like a business, not just a hobby
How to put together an “invest with us” packet for private lenders
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show446

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

445: When to Quit Your Job and Pursue Your Dreams with Rapper Manafest Feb 21, 2021

The BiggerPockets podcast has quite a diverse group of guests that come on the show. We’ve had writers, speakers, businesspeople, and actors, but this may be the first rapper we’ve had with us. Chris Greenwood AKA Manafest is in the studio, and instead of recording beats, he’s recording the best lessons he’s learned through his music career, real estate investing, and online business.

Chris started out like many of us, working a stable job for a large corporation. After years of doing music on the side while working his full time job, he decided to take the jump and make rapping and rocking his career. Chris is the first to admit that this may not have been the best financial decision, and staying on the job for a little while longer could have relieved him of a lot of headaches. That being said, Chris didn’t just survive, he actually thrived in the music scene.

When Chris and his wife decided to move out of their condo to upgrade to a larger home, they brought up the idea of renting out the condo instead of selling. This opened Chris up to the world of real estate investing, and as he saw the checks start to come in, he realized that this was a money maker that could help bring in stable income, passively while he worked on his music.

Now Chris owns various properties and mainly buys from turnkey companies. Brandon, David, and Chris all have their own opinions on turnkey real estate investing, but they all agree on one thing: for those that don’t have much time to be an active investor, it’s a great way to start or stack up rental properties.

Aside from rentals and rapping, Chris developed his own online course to teach other musicians how to successfully market their music in an industry that has such a high barrier to entry. Chris talks through how he separated himself from all the other “course gurus” and how you too can serve as an authoritative figure in your own community with knowledge, experience, and perseverance.

In This Episode We Cover:

How Manafest got his start in music (and why he made the jump to full time)
The struggles and benefits of working a full-time job and pursuing your dreams
Renting your primary residence instead of selling when you move out
Not getting sucked into the “you’ll have to fix toilets” fear of real estate investing
Turnkey rentals and why they may (or may not) work for your investing strategy
Having the drive to help people before you ask for money or a sale
Chris’s book From Red to Black
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show445

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

444: 150 Deals at Age 22 by Putting Relationships Over Profit with Cole Ruud-Johnson Feb 18, 2021

It seems like young real estate investors get more and more impressive every week. Today we talk with Cole Ruud-Johnson, a wholesaler and flipper out of the Seattle area. The impressive part? He’s 22 years old and has done 150+ deals to date! Even at 22, Cole’s journey wasn’t a linear path, he had lots of ups and downs to get him to the level of success he achieves now.

Cole tried to be a real estate agent at 18, but wasn’t getting the hang of it. After failing at a couple of real estate brokerages, he entered into a third and learned how they were creating their own inventory via cold calling. He decided he’d give this a try, and partnered up with his friend to cold call for deals.

After three months, an agent brought them their first off-market deal. This first deal alone netted them $105,000. Yes, you read that right, six-figures on ONE wholesale deal. This wasn’t enough for Cole, he knew he had to get back out there and work on getting his next deal.

Cole’s small business grew to a small empire, but over time this pushed him into a massive burn out. He had to make some BIG changes in his business, many of which even business veterans wouldn’t be comfortable doing.

Now he’s here with us on the podcast, talking through his lean team, his deals, his systems, and how new wholesalers can start getting deals. Cole even throws in the script he uses to get wholesale deals over the phone, so if you’re thinking about getting off-market deals or starting your wholesaling journey, this is the episode for you!

In This Episode We Cover:

How wholesaling and off-market deals can net big profits
Why you need to be consistent when cold calling
The script that Cole uses to get off-market and wholesale deals
How to scale your business (and prevent massive burnout)
Growing slowly to scale, instead of fast and crashing
The types of lists that Cole and his team pull
Keeping the flow of communication open between you and your partners
Taking action instead of just taking in information
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show444

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

443: 10 Ways to Learn Anything Faster with Jim Kwik Feb 14, 2021

During childhood, Jim Kwik experienced a traumatic brain injury. As a result, he lacked focus in school, wasn’t able to read properly, and at one point, a teacher told him that he had a “broken brain”. So how did a kid with a “broken brain” become the leading mental coach for athletes, CEOs, and movie stars? Simple: Jim looked into how to learn instead of what to learn. Soon enough, Jim was reading faster, memorizing with higher accuracy, and doing well in school.

His friends asked him for some tips so they could improve their grades as well. With some success in his inner circle, he decided to make a flyer for speed reading and memory improvement classes. He put up the flyer at his college hoping one or two people would show up to his impromptu class. Over 100 students showed up, of which 71 signed up for a full course with Jim. After that, Jim knew it was his life mission to help those who wanted to learn, memorize, and live better.

So why is it so hard for some people to memorize things? We forget details all the time, whether it be names, addresses, phone numbers, or other important information. Jim goes through a simple method to memorizing any piece of information, called the M.O.M system. He also outlines 10 tips for a limitless brain, many of which you can implement soon after you finish this episode!

Even something as simple as reading slightly faster can allow you to save weeks worth of time each year. So if you’ve been beating yourself up over forgetting that one seller’s name, check out Jim Kwik’s podcast and his new book Limitless. As Jim puts it, increasing your memory and reading power not only adds years to your life, but life to your years!

In This Episode We Cover:

How Jim recovered from a traumatic brain injury as a child
Why school teaches us what to learn, but not how to learn
Increasing your reading speed so you can finish tasks faster
How to remember important things like names, addresses, and phone numbers
The 3 keys to a better memory
The 10 tips for a limitless brain (including diet, exercise, and learning)
How to learn anything faster (no matter what it is!)
And SO Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show443

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

442: Taking "Bite-Sized Steps" to Go from Broke to $20,000/Month with Bryce Stewart Feb 11, 2021

Hearing Bryce Stewart’s story may sound familiar to long-time BiggerPockets Podcast listeners. That’s because Bryce was on Episode 276 where he gave the great metaphor “vacuuming out the truck” relating to real estate investments.

Bryce is back to talk about being a great mentor/mentee, what every contractor needs before working on a rental, how to go from active to passive real estate ownership, and his new book House-Hacker’s Guide To The Galaxy.

Bryce understands what it’s like to be a new investor. Every step seems hard, the end result seems almost impossible, so where do you even start? Simply, take a step forward, no matter how small it is. Even just starting to save a few hundred bucks a month can be your first step towards becoming a real estate investor.

As time goes on, these small steps become giant leaps, and what seemed impossible at first, can now be doubled since you have the know-how. Bryce takes us back to a time where he didn’t know how to get his property taxes lowered, but through very incremental steps was able to make a case and save himself thousands of dollars in the long run.

Looking for a mentor? Stick around to hear Bryce’s top piece of advice for any new real estate investor. This simple tactic can help beginner investors know more about what they’re getting into and also show the mentor they’re serious about their new interest.

In This Episode We Cover:

Why small steps can lead to massive leaps in real estate investing
How to go from an active to a passive investor
Why newbies should know what collateral is and how it affects their loans
What every contractor needs to have before they work with Bryce
A specialized and creative new BRRRR strategy
What you can do to get your foot in the door as a real estate investor
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show442

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

441: House Hacking as an NFL Player? How Former Tight End Hakeem Valles Grew His Real Estate Portfolio Feb 07, 2021

When most people think of professional athletes, they usually think of superstars being paid millions every month (or even every week). Most people don’t come to realize that for everyone on an NFL team, that pay grade isn’t as high. That too, is what Hakeem Valles found out after being signed on by the Cardinals.

Hakeem wasn’t making a lot, and realized that he was essentially throwing away $2,000 a month on rent. After one season with the team, he decided to go on BiggerPockets and ask around for agents and leads in the area. Hakeem ended up with a LOT of responses and found a great agent who helped him close on a fourplex, which he house hackedwhile practicing with the team.

It’s hard enough to house hack when your tenants know you’re the owner, but it can be even harder when your tenants know you’re an NFL player. Hakeem’s advice: be a tenant of your own property and don’t let the other tenants know that you own the place. Doing this can help reduce some awkward encounters you may have.

After retiring, Hakeem went on to do bigger real estate deals and partnered up on a 40 acre farm! He also owns Perspective Global Media, where he counsels other real estate professionals on how to grow their reach through social media platforms like TikTok and LinkedIn. Hakeem drops some gems towards the end of this episode on how you too can use TikTok to gain followers, clients, and partners!

In This Episode We Cover:

Why even professional athletes need to have multiple streams of income
How a shocking event in Hakeem’s life changed his outlook forever
Fighting income creep and keeping expenses low
When renting does and doesn’t make sense for your financial situation
The biggest mistake Hakeem made when living in his fourplex
How to fight the fear of getting into real estate (and making mistakes)
Using social media to leverage your personal brand and grow followers and clients
And So Much More!

Links from the Show

Books Mentioned in this Show:

Rental Property Investing by Brandon Turner
The Go-Giver by Bob burg
The 1 Thing by Gary Keller

Click here to check the full show notes: https://www.biggerpockets.com/show441

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

440: How a 25 Year Old Bought $1M of Real Estate in 1 Year with Daniel Iles Feb 04, 2021

Believe it or not, TikTok isn’t just teenagers doing dances; there are actually some pretty influential investors on the platform. Meet Daniel Iles, a TikTok and Youtube creator who bought a staggering $1,000,000 in real estate during his first year of investing. Daniel was able to amass this serious sum of real estate while only putting $23,000 down. Now that’s impressive!

Due to an aggressive goal of reading 60 books a year, Daniel picked up a book that many of our listeners have heard of, Investing in Real Estate with No (and Low) Money Down from our very own Brandon Turner. This unlocked the potential of investing in real estate for Daniel. He took advantage of FHA loans, using equity as down payments, and building his credit to get loans from small credit unions and banks.

Daniel now owns 9 units and a combined valuation of almost $1,500,000, still with almost no money down. Daniel stresses that his success comes from systems. Whether it’s systems about credit cards, loans, tenant management, deal analyzing, or anything else related to real estate investing, systems are the key to keeping your sanity when things go wrong.

He also has some tips for new investors trying to acquire a lot of real estate, in a small amount of time. Creating these systems for scaling will allow you to make smart decisions and invest in a way that doesn’t push you to burn out.

In This Episode We Cover:

Using TikTok as a creator, not a consumer, to connect with influential investors
How Alaska real estate compares to continental United States real estate
Securing houses with low or no money down
Using equity in a house as the down payment
Why small banks and credit unions may be more flexible when funding deals
What Daniel looks for in his rental properties
Tenant management systems for simpler investing
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show440

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

439: How Are You Marketing Yourself? with BiggerPockets Producer Kevin Leahy Jan 31, 2021

Last week’s show with Marie Forleo was so good that Brandon and David are back with a special guest, BiggerPockets’ senior producer Kevin Leahy, to unpack all the wisdom from the “figureoutable” show.

Kevin learnt about Marie Forleo though his wife suggesting he take some of her advice when transitioning into his current position at BiggerPockets. A simple trick from Marie helped Kevin make some big decisions: see if your body expands or contracts when you think about two different options. This trick, along with her insight on writing your options down in order to take a step back from your situation, has helped Kevin make some hard decisions.

If you listened to last week’s show, you’ll remember that Marie touched on how important marketing is in any industry. Whether you’re a real estate agent, a buy and hold investor, or a flipper, you have to be marketing to get clients, deals, and even employees. How are you differentiating yourself in the market, and what can you do to be “that guy” or “that girl” in your specific industry?

You’ll also hear a special tip on how Kevin lost a deal to another buyer, and the exact tactic that the other buyer used to get the property under contract. Kevin goes through why this is such a great tactic for making sellers comfortable and how you can deploy it in your future deals as well.

In This Episode We Cover:

How to stop trying to force square pegs into round holes
The importance of taking a step back when assessing the situation
Harnessing intense emotions to make a better game plan
Why every business person NEEDS marketing in their industry
How to differentiate yourself within a market
Standing out to sellers to get more deals underway
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show439

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

438: The Ultimate Beginner’s Guide to Finding GREAT Deals in ANY Market with Anson Young Jan 28, 2021

Anson Young’s voice may sound familiar to you, that’s because he’s been on the podcast four times! Every time he’s back we learn something new, and today, Anson is talking about how to find and fund great deals, regardless of your schedule, or budget. You don’t need to be a full-time real estate professional to find great deals, just be sure to follow Anson’s advice.

If you haven’t heard Anson’s prior episodes, here’s a recap. Anson has touched on almost every aspect of real estate investing. He flips, he wholesales, and he sells houses as an agent, meaning he has a huge amount of knowledge to share to BiggerPockets listeners. On average, Anson is doing 12-15 flips a year, 10 wholesale deals a year, and a dozen or so sales a year as an agent.

Anson has some great advice on finding off-market (and on-market) deals that include driving for dollars, door knocking, and list building. He also shares how to build a profitable list, what neighborhoods to look into for deals, and how to specify what type of home you’re trying to get depending on your goals.

If you’ve been trying to get your foot in the door to real estate investing, Anson shares why many people have trouble at the start. It all comes down to consistency. If you’re new, it may be fun at first to start driving for dollars, but are you doing it consistently? Do you have an accountability partner that can hold you to a high standard to get the work done? Are you systematizing your leads or trying to juggle them all in your head?

We also talk about Anson’s fantastic book Finding and Funding Great Deals, where you can find everything you need to find and fund your next real estate deal. We’re also happy to announce the BiggerPockets Book Club, where you can hear from Anson live and ask him questions about his deals, his book, and his portfolio!

In This Episode We Cover:

How to find profitable deals in hot markets
Determining your goals and aligning them to your investor strategy
What to do if you struggle with consistency in real estate investing
How to analyze not only your deals but your market as a whole
What to look for in niche lists when prospecting off-market deals
Hiring out jobs to get your lead funnel filled
How to have your letter stand out when doing direct mail marketing
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show438

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

437: How Your “Worst Case Scenario” Can Set You Free From a Job You Hate with Marie Forleo Jan 24, 2021

Marie Forleo, world class coach, marketer, and author, grew up with a mother that did everything. Whether it was retiling the bathroom, fixing a leak in the roof, or performing electrical engineering on small appliances, her mother seemed to be able to figure out almost anything. One day she told Marie “everything is figureoutable”, which became the mantra for her career.

Fast forward a decade or so, Marie is working on the floor of the New York Stock Exchange, surrounded by the mega rich. She was stressed out and felt that she wasn’t in the right place. After a prayer and a cry, Marie knew she needed to get out from a job that was slowly killing her. She made the jump and went after coaching, without any experience, money, or clients.

Before she left her job she asked herself, “what is the worst case scenario if I leave”. She calculated it out, wrote it down, and realized, the worst case scenario really wasn’t all that bad.

Marie strongly believes that although you can be a victim of circumstances, you should never victimize yourself and tell yourself that you “can’t” do something. Everyone has the ability to reach their full potential, but once you start putting up excuses, it’s hard to get there.

“Feel the fear”, that’s what Marie told herself in those trying times, and continues to tell herself and her clients that everyday. As she puts it “Fear is really trying to tell you to move towards something”. As real estate investors, this is something we can all relate to, but often don’t put into practice. Well, now's the time to!

In This Episode We Cover:

The 3 rules of “everything is figureoutable”
The power of neuroscience and how you can use it to shape your behavior
How would you behave if you were the best in the world at your job?
Changing your limiting beliefs to reach something greater
Knowing when to leave a bad job and having a plan for the worst case scenario
Feeling the fear and running towards things that scare you
Pulling yourself out of the victim trap (even if you are a victim)
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show437

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

436: Going into Multifamily When You’re Fairly New to Real Estate with Jamie Gruber Jan 21, 2021

There’s a limiting belief that many people have: “I can’t do this thing because I have no experience”. Jamie Gruber disagreed with this line of thinking. Even with no multifamily experience, Jamie decided he wanted to be a multifamily investor. So what did he do? He started the Multifamily and More meetup to network with existing multifamily investors.

This didn’t mean that Jamie had no experience in real estate, he had a small portfolio of single family homes that he started to landlord by accident. Even with no experience in the multifamily space he was interested in, he was able to secure a deal with a member of his network.

Now with 21 chapters and 10,000+ members, Multifamily and More has become a big part of the multifamily investing community. It grew because, as Jamie describes, he added value, stayed consistent with meetings and postings, and built an online community that could network and interact (even during COVID).

Jamie gives his tips on starting a lasting community, how to navigate meetups during COVID lockdowns, finding the best partners for multifamily deals, and the importance of cash reserves when buying a property. Many single family investors want to transition to multifamily, if you’re part of that demographic, join Multifamily and More!

In This Episode We Cover:

Turning your primary residence into a profitable investment instead of selling
The importance of having cash reserves available when doing deals
How to break through single family investing and start growing a multifamily portfolio
What a business partner needs to see in you before they can offer you deals, money, or experience
The difference between financing residential deals and financing multifamily deals
Why you need to have a good operating agreement when partnering on deals
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show436

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

435: Why Successful People HATE Losing, But Aren’t Afraid to Lose with Scott McGillivray (Part 2) Jan 17, 2021

Scott McGillivray is back for this second part of his amazing interview. Last time we talked about the nitty gritty of Scott’s investments, how he started to acquire houses, and building his empire. Now we’re touching more on the mindset of what makes Scott so successful, and how you can put yourself in his shoes.

Many people may know Scott from his HGTV shows, but maybe you didn’t know he was once in a boy band. Seriously. He took dance classes, convinced his friends to join him, and sold out some shows, but the takeaway from this short-lived boy band was priceless. If you see someone else finding success with something, use their blazed trail to find success yourself.

From his boy band, to being on student council, and even the passing away of a loved one, Scott learned valuable lessonsthat he took with him for the rest of his life, and now gets to share with the BiggerPockets audience.

Scott goes on to share a story that made him pivot the direction of his life as a teenager, and lead him to become the real estate mogul he is today. Scott goes through his top pieces of advice for young people and proves how planting seeds for investments early leads to acres upon acres of residual fruits for decades to come.

In This Episode We Cover:

How Scott manages his hectic life between companies, shows, and family
Why successful people aren’t afraid of failing
What young or inexperienced investors should do when they feel scared of taking a risk
Why Scott says you “can’t lose money in real estate”
The importance of talking to those who are older and have more experience than you
Scott’s top pieces of advice for young people just starting out their careers
How Scott runs his companies and what he’s doing to be a better leader
How you can be the MVP of your company
And So Much More!

Links from the Show

Books Mentioned in this Show:

E-Myth by Michael Gerber
Built to Sell by John Warrillow

Click here to check the full show notes: https://www.biggerpockets.com/show435

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

434: How HGTV’s Scott McGillivray Started a Real Estate Empire with No Job, No Money, and No Experience (Part 1) Jan 14, 2021

Do you like watching home improvement shows such as Income Property, Vacation House Rules, and Buyers Bootcamp? If so, you’re in luck! Joining us on the podcast is HGTV host Scott McGillivray! Scott has been hosting some of the best real estate investing and construction shows for over a decade now, and if you like BiggerPockets, you’ve probably seen an episode of one of Scott’s shows!

Scott’s investing career started long before his TV network deals. As a student in college, Scott accidentally stumbled upon his landlord’s mortgage statement of account. He realized that him and his roommates were paying a few hundred dollars over what their landlord was paying monthly for a mortgage. That was the lightbulb moment for Scott. It was time to get into real estate investing.

While in college with no job, very little money, and no experience, Scott bought a house and moved out of his rented room. Now he wanted more. Over the next few years Scott started amassing more and more rentals, taking as many financing options as he could get his hands on. By the time he was 25, he already had 25 units and a significant amount of profit coming in every year.

This only pushed Scott to strive for bigger and better deals. Now Scott owns hundreds of rentals, and spends his time between Florida and Canada, finding more deals, and fixing up more rentals.

Scott is a tried and true investor, one who has gone through different market swings, different fads, and many different tenants. While he’s only in his early 40s, he has amassed an extensive knowledge of the real estate space. It’s no surprise he’s one of Brandon’s real estate heroes!

If you liked this episode be sure to tune in this weekend for part 2 of Scott's interview!

In This Episode We Cover:

When is the best time to get started in real estate?
Why most people are scared to invest, and what pushes them to finally do it
Amassing a small real estate empire even while you’re young
How to take advantage of financing offers and how Scott closed on 8 houses in the same day
Why you need to give your investing career time to start rolling
What a “double offer” is, and how you can use it to beat others to a deal
Why you should take action even when the market is uncertain
The ScottMc Method
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show434

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

433: You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses Jan 10, 2021

You may have heard a speech from Ed Mylett (AKA the greatest speaker of today) sometime before this episode, but maybe not like this. For those who don’t know, Ed Mylett is a renowned speaker, entrepreneur, real estate investor, author, and podcaster. He has started businesses worth millions and continues to teach entrepreneurs through his personal brand.

What many people don’t know is how much Ed loves real estate. That’s right, you heard it first on BiggerPockets! It’s not the speaking, writing, and podcasting, it’s owning cash flowing properties. As a matter of fact, he just closed on one recently with his son and did an astonishing $100 million in real estate deals in 2020.

Ed emphasizes the importance of faith, generosity, and most importantly, setting your life at a high standard. These seem to be the key thought processes that many other successful entrepreneurs have, and again proves Ed’s point on their importance.

It’s not easy being in real estate, especially when the deals get big (we’re talking $25M+ deals). Ed cautions young investors to not bite off more than they can chew, or as he puts it “don’t take a loss where you can’t fight again”. In a world full of mega-leveraged investment opportunities, this might be the advice new investors need to feel confident going forward.

This episode also dives into the importance of having a purpose, whether related to faith or not, and how you need to chase the life you want, set your standards high, and do the most impactful things to accomplish them.

Links from the Show

Books Mentioned in this Show:

#Maxout Your Life by Ed Mylett
E-Myth by Michael Gerber

Click here to check the full show notes: https://www.biggerpockets.com/show433

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

432: From $0 to $1,000,000 in 5 Years: The 4 Steps to Gain Millionaire Net Worth with Brandon and David Jan 07, 2021

Everyone wants to be a millionaire, and if you’re listening to this episode, you probably want to be one as well! With so many online gurus trying to sell their secret to success, it can be hard to distinguish the real from the...not so real.

On this episode, we’re lucky enough to have two millionaires with us! Brandon Turner and David Greene! Brandon and David have compiled a list of 4 traits that all millionaires possess, and if you can possess these traits too, you’ll be on your path to millions. These millionaire traits aren’t just exemplified in Brandon and David, these traits tend to be universally consistent across self-made millionaires.

This episode will also touch on mastery and how you can not only achieve it, but refine it using the 4 stages of mastery. Stuck on a deal, don’t know where to go next in your career, thinking of jumping ship on a project? List down these 4 stages and see where you stand, you’ll be able to see what you need to do to go on to achieve greater mastery in whatever you’re interested in.

Since it’s the start of the year, it’s a great time to look forward with not only hope, but a plan. Take your existing plan and see where these traits and stages fit into your life, where you’re lacking, and where you can do better. This is how you’ll achieve success and the coveted millionaire status.

In This Episode We Cover:

What sets apart millionaires from those chasing millions
The 4 common traits of a millionaire
Developing your crystal clear criteria for investing in real estate
The importance of raising standards over time to achieve more
Why tracking your personal AND business life can merge to benefit your entire life
The 4 stages of mastery that will make you into a millionaire
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show432

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

431: How to Make Trade-offs in Your Life (Before Others Do it For You) with Greg McKeown Jan 03, 2021

Your agent is calling you to show you houses, your boss is emailing you about some work to do, your partner wants to grab dinner, and you want to take a nap. How do you prioritize things in your life when everything seems so important? The key is essentialism.

Joining the podcast today is Greg McKeown, Author of Essentialism: The Disciplined Pursuit of Less. Greg relates to the struggle of many entrepreneurs and investors: too many options, not enough time. Instead of telling you to wake up at 5 AM, take a cold shower and work until 10PM, he presents a far more effective (and simple) approach.

What Greg suggests: pick the things you care most about, do them, and don’t worry about the rest. But how do you pick when everything seems essential?

The answer: almost everything else besides your core cares/needs aren’t essential. If you begin to treat the non-essential as essential, you stretch yourself too thin, not allowing you the time to accomplish what truly is...essential.

In the modern age, many of us feel like we don’t have time to accomplish everything we want. When we get laser-focused and put the principles of essentialism in our daily lives, we can accomplish more than ever.

In This Episode We Cover:

What is essentialism?
How to designate the non-essential from the essential tasks
Why having too many good options puts us in a dangerous position
How to find out which tasks deserve delegation or deletion
Developing the courage to say “no”
Finding an accountability partner so you’re locked in for success
Why Brandon wants to spend less time on Tiktok
And So Much More!

Links from the Show

BiggerPockets Podcast
BiggerPockets book store
Essentialism book Website
StickK App. How to turn goals into a reality

Click here to check the full show notes: https://www.biggerpockets.com/show431

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

430: Best of 2020: Brandon and David’s Favorite Pieces of Advice from 2020 Guests Dec 31, 2020

Another year of the BiggerPockets Real Estate Podcast is in the books! This time, we’re joined by co hosts, David and Brandon, live from the Sea Shed in Maui!

We’ve had such a fantastic group of guests this year, so to help ease into 2021, David and Brandon picked their 7 favorite clips from the whole year. You’ll hear from familiar faces like Tarl Yarber, Thach Nguyen, and other real estate rockstars.

This episode doesn’t just touch on real estate, we also go into how many real estate professionals made personal growth a priority when accomplishing their goals, all while enjoying their life more.

If you’re ready to expand your business, get more units under contract, or begin your first house hack, this advice will be crucial for your personal, business, and real estate success in the coming year. It has certainly helped out Brandon and David!

Thanks again for joining us this year, we look forward to interviewing even more amazing guests in 2021 (and beyond)!

In This Episode We Cover:

Why certainty is often more expensive than risk
Why integrity in the present is worth so much more for your future
Staying focused on the long-term perspective for consistent success
The importance of peace of mind when investing in real estate (and other assets)
Why you need to build a business around your life (not the other way around)
How to commit even when you don’t have all the pieces needed
Why you always need to keep your expenses low (if you want to escape the rat race)
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show430

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

429: Pursuing Self-Sovereignty and Why Life is More Meaningful When It’s Hard with Ryan Michler Dec 27, 2020

How many times has something happened in life where we blamed someone besides ourselves for the outcome? Didn’t get a promotion: it’s your bosses fault for being greedy! Ran late to work: it’s all the other drivers faults, not yours! Investment property having problems: it’s the tenant doing all the damage!

Ryan Michler, founder of the Order of Man, sees this sort of victim mentality as a massive block to our full potential. He makes the well-put point that all we can do is control our effort, we can’t control others.

This realization didn’t come easy, though. Ryan realized this after a tough fight with his partner, leading him to reevaluate not only their relationship, but the way he shifted blame on others, in an unhealthy way.

Now Ryan interviews the men that he looks up to on his own podcast, all while running his organization/brotherhood of those part of the “Order of Man”.

It’s not easy to stay humble and calm all the time, especially in the state of our current world, but Ryan does as good of a job as any to remind us all that our future is in our hands, and all we can do is try our best, consistently.

In This Episode We Cover:

Why we all need to practice humility, ownership, responsibility, and sovereignty
The importance of having a “servant’s mindset” even as a business owner
How to constantly add value to whatever you do in life
Why we should shift our focus to our efforts and not other’s efforts
Why having children makes you want to be better and push harder
The importance of owning and running a business, even at a young age
Dropping the “I” and using the “We” when leading a team
Why “the win” is simply “playing the game”
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show429

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

428: Using Simple Conversations to Get Deals Others Can’t with Investor Rodney Ross Dec 24, 2020

Rodney Ross didn’t have the most gracious entrance to the real estate space. He bought a house while in college, with only $8,000 down and not a lot in the bank. The house ended up getting de-authorized for tenants to live in so Rodney had to go back on his loan. Game over right? Time to give up? Not for Rodney!

While finishing college, Rodney decided to take it a bit slower, getting his real estate agent license so he could build up the capital to buy rentals. He’s been an agent, a wholesaler, a general contractor, and a buy and hold investor. If it’s happening in real estate, Rodney probably knows about it!

Unlike many new (and even experienced) real estate investors, Rodney took the time to nurture leads, have meaningful conversations with sellers and buyers, and found that by having some basic empathy for the other party, you’re more likely to close deals.

This strategy seemed to have worked, in a decade since his first deal, Rodney now has around 20 cash flowing units, and he’s looking for more!

Using the 203k loan, Rodney has been able to get homes at a discount, finance the repairs, and get them rented and refinanced, kind of like a speciality BRRRR. This episode proves that if you care about real estate, care about your partners, and are willing to take risks, it will truly pay off.

In This Episode We Cover:

How to get back up after a frustrating investment
How knowing about construction timelines and projects can help you get comfortable enough to do your first rehab
Why mixed use properties are often an overlooked real estate class
The importance of defining your role with your partner
How to talk to buyers so they’ll choose you over other offers
Why it’s so important to look out for the other real estate parties in a deal
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show428

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

427: The 12 Week Year and The Danger of Long-Term Goal Setting with Brian Moran Dec 20, 2020

We’re joined today by author, consultant, and entrepreneur Brian Moran, author of The 12 Week Year. Brian holds a view that many BiggerPockets listeners subscribe to: you are more capable than you think. Through short term sprints, Brian has found that we can all accomplish long-term goals, regardless of the difficulty.

This isn’t just a strategy that works for real estate, this works in any industry. Brian has consulted with every kind of business, and the results speak for themselves. Regardless of job type, business type, or industry type, the 12 week yearhelps you accomplish more by doubling down on what you need to do most.

Brian also talks about the danger of long term goal setting, and even annual goal setting. It isn’t that long term goal setting doesn’t work, it’s that it presents us with a long time frame to accomplish something we could do far quicker. That’s how the 12 week year kicks our “unproductive mindset” to the curb, and gets us fired up to do great things sooner.

Many investors find it hard to break out of their comfort zone, do the things that they find hard, or even just feel motivated. The crucial part of finding success wherever you need it? Take action, start today, track, plan, and re-plan when needed. You’ll soon find that you’re fired up about things that used to seem scary!

In This Episode We Cover:

What the “12 Week Year” really is
How short term goal setting can help you accomplish your biggest goals
Why you need to shift focus to executable tasks
How to get tactical on your goals and what you can do to accomplish them
Leaning into hard things and shying away from comfort
The importance of “vision work” and knowing where you’re headed
Holding yourself accountable for what you want most in life
How repetition forms competence and competence forms confidence
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show427

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

426: Using the “Sunflower Method” To Buy 18 Properties in Just a Few Years with Teacher Jon Wooten Dec 17, 2020

Many new investors find excuses for why they can’t buy properties. Either they don’t have the money, the deals, or the experience. Our guest today, Jon Wooten, had none of these three, but found a way to acquire 18 units (and become financially free) in only a few years.

By asking questions and sticking out to the local real estate investors, Jon was able to acquire valuable experience, all while gaining equity in his rental properties. Jon has his own method for finding deals and acquiring wealth, called the “Sunflower Method”, which has helped him get to the point he is at.

Now, financially free at 28, Jon has the ability to choose whether he wants to work, which projects to go after, and how he wants to spend his time. This isn’t a far away goal that only the rich and well connected can get to, it’s available for all real estate investors!

You may be working a minimum wage job, stuck in a career you want out of, or have debt. Jon shows that all of these can’t stop you from acquiring wealth!

How do you find houses? How do you find a mentor? What’s the best way to find a quality handyman? How can you make sure a house is being inspected properly. All these questions and more are answered in this episode!

In This Episode We Cover:

How to find a mentor AND get your first rental
Why you should make it an effort to get to know your local real estate investors
Why self-managing is a great way to gain experience
How to get seller financing on a rental (and who to ask for it)
Why you should call “for rent” signs
What the “Sunflower Method” is and how it builds wealth
The best way to find a quality (and inexpensive) handyman
Fake cash flow vs Pure cash flow
How to properly inspect a house before you make an offer
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show426

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

425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy Dec 13, 2020

On last week’s episode, we talked to Dan Sullivan, author of Who Not How. This week, we’re joined by his co-author, Benjamin Hardy. Benjamin has spent the last few years getting his PhD in organizational psychology, writing books such as Personality Isn’t Permanent and Willpower Doesn’t Work. These tie perfectly into his new book Who Not How, and will help you get to the business, personal, fitness, or other goals you’re trying to reach.

Benjamin goes through why things like willpower and effort are often misunderstood, and how they can be used as tools to get you to your goals, but they aren’t the path. Benjamin walks us through why so many entrepreneurs get “decision fatigue” and why situations often rule over people, not the other way around.

Benjamin presents a very unique view on shaping your future, one that isn’t often talked about in the self-help and business space. With many entrepreneurs feeling stressed, fatigued, or just confused, Benjamin’s advice offers not only a practical, but tangible way to accomplish what you want and do better in your business and personal life.

We also double down on the importance of hiring people who will make your life easier, not just for your sake, but for theirs as well. Plus, Benjamin shares one of the most important hires you can make that will help you clear hundreds of hours off your calendar.

This episode isn’t just about why you should hire an employee. It’s about how you designate your time, and ultimately your life. As Benjamin says “Your future self is more important than your present self”, and for good reason!

In This Episode We Cover:

Why willpower doesn’t work in the way many people think it does
Why situations are often more powerful than people
How to remove “decision fatigue” and stop it from plaguing your life
How to find the right “who” for your organization and life
Defining your crystal clear criteria for your future self and the roles of others
How to be the right “who” for someone else’s “how”
Applying behaviors so your identity can follow
Focusing more on getting your “$10,000 tasks” done
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show425

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

424: Make More Money, Build Your Portfolio, and Get Greater Tax Deductions in 2021 with J Scott, Amanda Han, & Matt MacFarland Dec 10, 2020

We have a real estate and investing mastermind session in this episode of the BiggerPockets Real Estate podcast! J Scott, Amanda Han, & Matt MacFarland join David and Brandon to discuss what investors should do to maximize their wealth (and opportunities) in 2021.

Co-host David Greene goes over his new book SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business, talking through who should (and shouldn’t) be an agent, what makes a great agent, how agents can maximize their income, and more!

J Scott talks heavily about how the election, stimulus packages, and new (proposed) tax codes could hurt (or help) real estate agents, and what you can do to ward off higher tax plans, loss of rent, or even inflation.

Amanda and Matt are our tax professionals on the show! They dive into which upcoming 2021 tax codes could affect you, whether you’re an agent, a real estate investor, or just a W2 worker!

This is a fantastic episode for any listener who wants to know more about how 2021 may shape our economic future. Thankfully, we have some of the best guests in the world to tell you about it!

In This Episode We Cover:

Who should and shouldn’t become a real estate agent
How to offset earned income tax with real estate investments
Why you should buy David’s new book SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business
The new opportunity of buying businesses in 2021
How to hire your best workers (and why you may need to let some go)
How 2020 taught us to keep our businesses lean
What to do if 1031 exchanges go away
How inflation may affect your wealth over the next 1-5 years
Why debt is a great inflation hedge
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show424

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

423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan Dec 06, 2020

Has anyone ever told you “you’re really good at that, you should make a business out of it”, if so, you may have inadvertently found your “unique ability”.

Author and coach Dan Sullivan joins us to talk about the secrets of success behind the 20,000+ entrepreneurs he’s coached over the past few decades. If you’re finding it hard to scale up your business, hire on more staff, or get rid of the stuff you hate doing, Dan probably has an solution for you.

As someone who’s built a coaching empire AND been bankrupt twice, Dan knows a thing or two about what makes asuccessful enterprise, and what doesn’t. His key to success? Create a self-managing company, that allows you, the entrepreneur, to do what you really love.

Hate going through spreadsheets? Great, hire someone who loves it! Don’t like picking up the phone to talk to investors? Cool, get someone who likes to chat! Love giving presentations to prospective clients? Great, make it your main job!

Whether you have one employee or thousands of employees, Dan shows how simple it is to designate tasks, get the right person doing the right thing, and free up time for you and the whole team! The best way to hear Dan’s advice and grow your company? Listen to this episode!

In This Episode We Cover:

Finding your “unique ability” and using it to build a business
The 4 freedoms of an entrepreneur (and why they’re so important)
How to create a “self-managing” company
Why procrastination is a great tool
Why the future of business is reliant on teams
How to hold a team together when building your business
Whether you’re a “simplifier” or “multiplier” entrepreneur
How not to get bogged down in an abundance of choice in the modern age
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show423

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

422: From W2-Job Single Mom to Flipping Real Estate Rockstar with Amanda Young Dec 03, 2020

Amanda Young stumbled into real estate. After being let go from a job, dealing with a family emergency, and homeschooling her son, Amanda knew that she had to find a way to provide for her family, but also allow her to discover her hidden edge.

After finding BiggerPockets and joining a local REIA (real estate investors association), she decided to take the jump and buy her first rental. Now, in 2020, she has 7 rental properties and a flourishing flipping business, working with a partner that matches her energy.

Amanda found her localized niche by targeting owners of “sinkhole homes” and offering them deals that not only made sense for the buyer, but were a steal for her. She then used creative financing (really creative) to get these homes under contract.

Amanda is the definition of someone who has grit, and is willing to work hard to earn their piece. She talks through Section 2 deals, 1031 exchanges, refinancing, and even how to “COVID-Proof” your tenants, so when the next global emergency happens, you’ll be ready.

In This Episode We Cover:

How to fight your analysis paralysis and get deals done
What probate deals are and how to find leads
Why owner financing can be a win-win for buyers and sellers
How Amanda found a niche in “sinkhole homes”
Why it’s important to find a niche that others would run from
How to “COVID-Proof” your rental properties
Getting ahead as a woman in a male-dominated industry (flipping)
Empathizing with the seller so you’ll win negotiations (even with less money)
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show422

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

421: Family Over Everything: How Life Forced BP Founder Joshua Dorkin to Reevaluate His Choices Nov 29, 2020

Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin.

What you may not know is Joshua’s journey in founding, building, scaling, and finally leaving BiggerPockets. It was a hard decision for Joshua to leave, but thanks to his amazing team, he was able to (even during a time of tribulation in his personal life).

You’ll hear how Joshua was cranking out 100 hour weeks, working 7 straight days, for the first 6 years of BiggerPocket’s existence. He later transitioned to building a team, starting with the BiggerPocket Podcast’s very own host, Brandon Turner.

This later snowballed into more hirings, with the BiggerPockets growing faster and faster, and being able to scale larger and larger. Just at the time when things were starting to go from big to bigger, Joshua had to take time off to take care of his daughter’s medical emergency. This caused a shift in Joshua’s reality, so he dropped everything.

This keynote speech goes deep into what really matters most. It’s not money, it’s not success, but it’s something that matters even more: fulfillment and family.

Check out the video on our Youtube channel, and be sure to give Joshua a follow on Twitter at @jrdorkin.

In This Episode We Cover:

The history of BiggerPockets and how it grew to what it is today
Why “knowing everything” usually means knowing nothing
The importance of hiring smart, capable people
How to listen to your body and mind, to find out what you need most
Why you shouldn’t work 6 years straight with no time off
Why you need to do the “Big Scary Thing”
How life forces you to account for what matters most
Why Joshua Dorkin has 3 dads
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show421

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

420: Finding the “Sweet Spot” in Multifamily: Scaling to 150+ Units with David Grabiner Nov 26, 2020

David Grabiner takes the term “long distance investor” to the extreme. While he was a hospital administrator in the Democratic Republic of Congo, he was calling real estate agents in Chattanooga, Tennessee trying to scoop up multifamily deals.

David started out by partnering up with his father, buying a quadplex that helped him get his initial training in property management. He later scaled up his and his father’s investment portfolio to 24 units, and then, within 3 years, scaled up his own investments to 150+ units!

This meant that David had to quit his job and go full-time into real estate investing. He did it, and he isn’t looking back! Now David is a deal-finding machine, buying directly from listing agents and becoming one of the go-to multifamily investors in Chattanooga.

Whether you own one single family home, a dozen duplexes, or hundreds of apartment complexes, you’ll take something away from David’s in depth discussion on property management, landlording, and tenant screening.

In This Episode We Cover:

Finding your “unfair advantage” and how it can help your investing career
Approaching different investors with different points of view
The importance of networking for off-market deals
Why you shouldn’t be scared to be “the owner”, and actually use it to market yourself to others
How to find, screen, and keep tenants in place
How you can quickly increase a property’s value (simply by being a great property manager)
Finding the “sweet spot” in multi-family deals
Setting up systems for automated property management (so you can scale!)
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show420

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

419: Defeating Distraction and Why “To-Do” Lists are Dangerous with Nir Eyal Nov 22, 2020

Ever missed out on an important moment because you were staring at your phone, distracted by TV, or just zoning out? Nir Eyal, author of Indistractable, felt the same way when he missed an important moment with his daughter because he was locked in on his phone.

This spurred Nir’s curiosity on why people get distracted, what they’re getting distracted by, and how people can turn their distractions into the opposite: traction.

As a business owner, angel investor, Stanford lecturer, and father, Nir understands what it feels like to live a hectic life, but he also understands that most of the time, we ourselves are the ones making it hectic.

So what prompts us to take action? What prompts us to take inaction? How can we make ourselves do the things we need to do, with better results, and still have time for our children, relationships, hobbies, and even down time?

It’s all possible, and the key to a distraction-free life is even easier than you would think.

In This Episode We Cover

Why most people know their distractions, but not how to eliminate them
Why we need to “get out of our own way” to accomplish our goals
How to find your “traction” and use it to get ahead
The 4 steps to eliminate distraction
Understanding your values and using them to schedule your time
How to “time box” your calendar and get your tasks done
Leaving the victim mentality behind and empowering yourself to do what’s important
The 3 “life domains” that we revolve around
Why you need to prioritize consistency over intensity
And So Much More!

Links from the Show

Books Mentioned in this Show

Hooked by Nir Eyal
Indistractable by Nir Eyal

Connect with Nir:

Nir's website

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

418: 14 Deals in 16 Months: How Alex Camacho Found his Mastery in Deal Finding Nov 19, 2020

Alex Camacho has had quite an interesting career path, and he’s just getting started! From a bank teller, to the mortgage business, to property management, and even Airbnb arbitraging, Alex took his time in acquiring the skills to succeed in real estate.

In this episode, you’ll hear Alex talk about how he became successful at locking down deals, finding the “pain points” of sellers, and how to have empathy when closing. You’ll also hear how he analyzed over 5,000+ deals, leading him at one point to close on 8 deals in one month (seriously!)

You’ll hear Alex go through his off and on-market strategies, and how to steer clear of deals that won’t make the cut. In just 16 months on his own, he’s done 14 deals, some with six-figure profits (each), and how he’s using social media to get even more!

In This Episode We Cover:

The importance of apprenticeships in real estate
The art of saying “no” as you grow into your role
Why it’s crucial to surround yourself with high-level investors and entrepreneurs
How to get great at analyzing deals, so you can close on the best ones!
Using the “LAPS” funnel to drive leads and grow your portfolio
Finding the “pain points” sellers have, and how to empathize with them
Using social media as a tool, instead of a distraction
And SO much more!

Links from the Show

Check full show notes here: http://biggerpockets.com/show418

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

417: 9 Ways to Tweak Your Mindset So You Can Lock Down Deals with Brandon and David Nov 15, 2020

Are you a new or aspiring real estate investor who hasn’t locked down your first deal? Or maybe you haven’t hit your personal goal or unit count yet. If so, you may need to tweak your mindset to reach new heights.

Brandon and David are back flying solo on this weekend’s episode to talk about the 9 mindset changes that make successful real estate investors, well, successful! You’ll hear them dive deep into each mindset change, with examples from their investing careers, and how they made the leap to change their mindsets for the better.

If you’re looking to cultivate a healthier relationship with real estate investing for the better, this is an excellent episode to take some notes!

Whether you’re brand new to investing or just looking to level-up your current portfolio, you’ll take away some important lessons on this weekend’s episode.

In This Episode We Cover:

Why many new investors haven’t done their first (or second) deal yet
Understanding the cost of inaction (and how it can work against you)
Focusing on the big picture without being bogged down with details
Building your investment criteria to know what you want
Turning “base hits” into “home runs”
“Running towards hard” and taking responsibility for doing the work
Thinking outside the box, regardless of your career, investor level, or experience
Gathering experience and keeping the momentum going
Using off-market techniques to get on-market deals (and vice versa!)
Letting go of expectations for your deals
And SO much more!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show417

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

415: Studying Billionaires: The 3 Timeless Principles for Wealth with Stig Brodersen Nov 08, 2020

Ever wanted to know how Mark Cuban, Richard Branson, and Warren Buffett seem to invest with ease? Or how you can leverage and measure your risk to make billionaire financial decisions?

On this episode, Stig Brodersen – investor, teacher, and host of the popular We Study Billionaires podcast – brings you his distilled wisdom on success, mindset, the stock market, and the 3 universal traits shared by ultra-elite investors (and no, they don’t include flying first class or eating copious amounts of caviar).

Early on in his story, Stig found himself dissatisfied with his job and needing a change. So, he did what any rational person would do, and began studying billionaires starting from the top of the Forbes 400 list. He didn’t get far before he “found his fire,” discovering passion and community in studying the stock market and the most heralded investor of all time: Warren Buffett.

He has since interviewed hundreds of guests on his podcast, and unearthed countless pearls of wisdom that he shares with you in this episode.

You might be thinking: “They’re interviewing a stock market investor on a real estate podcast?” Yes, and any real estate investor could learn a thing or two!

As a practiced student of the financial markets, Stig calls out all-too-common mistakes made by new investors, and shares a blueprint for you to use to determine if and how to get started in the markets, regardless of experience.

In This Episode We Cover:

The 3 timeless traits of billionaires
Why real estate investors should “cross-train” in the stock market
Assessing best- and worst-case scenarios
Why you need to "resonate" with your chosen asset class
Why real estate is an asymmetric bet with high reward for relatively small risk
How to get into investing in the stock market with little-to-no experience
Common mistakes of new stock market investors
How a BiggerPockets member saved Stig's life on an overseas trip (really!)

Links from the Show

BiggerPockets Podcast
The Investor's Podcast Network's list of best investing podcasts
The Investor Podcast Network

Click here to check the full show notes: https://www.biggerpockets.com/show415

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

414: 1300 Units in Real Estate Development at 30 years old with Evan Holladay Nov 05, 2020

The harder the problem, the bigger the reward... and real estate developers who can solve affordable housing problems can do very, very well.

Enter today's guest, Evan Holladay, who reached 1,300 units before the age of 30 through a combination of focus, relationship-building, and a deep understanding of the rules of the game.

In this high-level episode, you'll learn how Evan and his team apply creative financing techniques to multimillion dollar projects; how they takes advantage of tax credits and grants and put together public-private partnerships; and why patience and persistence can lead to huge profits in the development game.

Whether you plan on getting into bigger deals in the future or not (Evan wants 100,000 units!), this episode will inspire you to start thinking like a big-time investor, strategist, and leader.

In This Episode We Cover:

Listening to "what fires you up" when getting started
Evan's apprenticeship for a student housing developer
What a public-private partnership is
Using tax credits to make a profit building affordable housing
How he creatively finances big multifamily deals
How he manages risk
Why “it’s more valuable to control real estate than to own real estate”
Why development is such a big opportunity in markets where "it's too expensive to invest where I live!"
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show414

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

413: Matthew McConaughey on Vision, Preparation, and Balancing Ambition with Family & Freedom Nov 01, 2020

You, BiggerPockets listener, may have more in common with Matthew McConaughey than first realized...

Changing careers. Wondering how family life fits in with a hard-driving work ethic. Embracing spontaneity, but learning that success comes from making the choice today to "be kind to your future self."

The Oscar-winning actor covers those topics and more in our chat today. A lifelong journaler, McConaughey is in a reflective mood after writing his first book, Greenlights... which is filled with unforgettable stories about growing up the son of Texas an oil pipe "peddler," stumbling into acting after a night drinking with the producer of Dazed and Confused, getting arrested for playing the bongo drums in the nude, and his mid-career shift toward intense, challenging projectslike Dallas Buyers Club.

If you're thinking "nah, this episode won't teach me how to house hack"... fair enough. But give it a chance and see if you aren't entertained. It's a soulful, positive, not-at-all-Hollywood conversation about choices, happiness, and success. Here's to catching more greenlights!

In This Episode We Cover:

Matthew's upbringing and lessons learned from his parents
His decision to reject law school to pursue film
His dad's 3 words of advice on choosing a career
Forming your personal identity through a process of elimination
How he prepares for intense roles
The power of solo travel
His faith
His beliefs about money and philanthropy
The give-and-take between career and family life

Links from the Show

Click here to get the full show notes: https://www.biggerpockets.com/show413

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

412: Start Investing in Large Multifamily? How to Do it, and Why (or Why Not) with Ashley Wilson Oct 29, 2020

Ashley "BadAsh" Wilson is back today to discuss how she's shifted strategies since her popular first appearance on the show two years ago.

Today's topics: Jumping from house flipping and short-term rentals into large multifamily; finding and using your unique ability when getting started; and how women can (and should!) use real estate investing to secure financial independence.

Want to know how many offers it takes to land a 150-unit apartment building in Houston? Interested in multifamily, but unsure where to start? You'll get answers in this show – and in the multifamily "tip sheet" she prepared just for our audience (download it below).

If you are a woman who's determined to get into real estate investing – or if you think your wife, mother, sister, or daughter would benefit from hearing Ashley's story – pick up a copy of her new book, The Only Woman in the Room: Knowledge and Inspiration from 20 Women Real Estate Investors today!

In This Episode We Cover:

How Ashley made the jump from flipping and rental houses to large multifamily investing
Her #1 tip for anyone who wants to get into multifamily
How she acquired a 150-unit apartment building in Houston
What a "Letter of Intent" (LOI) is
Looking at 200 deals just to buy one (!)
Using "the stack" method vs. multifamily syndication
How she became an expert in construction management
Why she wrote a book about being "the only woman in the room"
Why it's worth visualizing your perfect day when you start building your business
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show412

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

411: The Life-Changing Power of a Goal-Setting Retreat (+ Live Demo with Husband/Wife Investors Matt & Melissa) with Geoff Woods Oct 25, 2020

Have you ever bought a whiteboard or a journal and thought, this is it... This is the moment when I REALLY commit to goal-setting... and then (as it tends to do) life just kind of gets in the way?

This episode is about rethinking your approach to goals – and to do this, we've brought in an expert on managing your time and mental energy like a billionaire: Geoff Woods, VP of The One Thing and facilitator of their upcoming virtual goal-setting retreat

Today, Geoff shares the blueprint that high-performing couples, teams, and individuals use 1) cast a shared vision of the future 2) work backwards to map out important steps, and 3) regularly recalibrate and track progress. Plus, we put this to the test, live!

About halfway through the episode, you'll meet Matt and Melissa Miller – married parents of 3 who own 7 units but are struggling to define their exact vision... and the action plan required to realize it. Geoff leads them through a goal-setting exercise live, and the result is inspiring and surprisingly emotional. #MarriageGoals - literally!

Whether you're looking to get on the same page as a spouse, business partner, or just chart out a clearer path for yourself... you'll get a ton of value out of this episode. Let us know what you think of it, and use the link below if you're interested in joining Geoff (and Brandon and Heather Turner!) at the retreat next month.

In This Episode We Cover:

How billionaires set goals
What to do when your spouse or partner is not a natural goal-setter
How to have an ongoing relationship with your goals
A live goal-setting exercise with a real estate investor couple, Matt and Melissa
Defining whose lane is whose when running a business with your spouse or partner
What happens at a goal-setting retreat
Geoff's personal story of leaving medical sales to work with Gary Keller and Jay Papasan

Links from the Show

Click here to check the full show notes: http://biggerpockets.com/show411

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

410: Life-Changing Deals: 5 Traits They Have in Common with Ken Corsini Oct 22, 2020

What does it take to pull off a home run real estate deal?

Today, we put that question to Ken Corsini, HGTV star and author of Profit Like the Pros: The Best Real Estate Deals That Shaped Expert Investors.

Ken spoke to a diverse group of 25 investors about their very best deals, and in this episode he breaks down the common threads that run through each of those stories.

You'll also hear Ken's tips for building your own personal brand in your market, and how he used his "Flip or Flop Atlanta" fame to build a brokerage and mortgage company.

Throughout this episode, Ken points you to individual investors in the BiggerPockets community; be sure to check out their BP profiles to learn more... and pick up a copy of the Profit Like the Pros in the BiggerPockets store today.

Every format includes a bunch of great bonus materials, including a breakdown of 22 investors' worst deals – so you can avoid the same mistakes.

In This Episode We Cover:

How personal connections often lead to home run deals
Honing in on a specific niche and building expert knowledge
How one deal can change the trajectory of your career
Ken, David, and Brandon's personal best/favorite deals
Common traits of the worst deals featured in Ken's book
How Ken built a personal brand, then spun it into different businesses
How he controls each aspect of his real estate transactions (title, lending, etc.)
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show410

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

409: Giving Yourself Permission to Go BIGGER: the "Bluefishing" Mentality with Steve Sims Oct 18, 2020

Today's a special episode featuring the author of a book we can't get enough of: Bluefishing: The Art of Making Things Happen by the man, the myth, the legend - Steve Sims.

Who is Steve, anyway? Well, he's a former bricklayer and bouncer-turned-entrepreneur who uses a unique mindset and blend of skills to creates once-in-a-lifetime experiences for billionaire clients.

Experiences like: getting married by the Pope in the Vatican, having a private dinner at the feet of Michaelangelo's David statue, or going on an underwater tour of the Titanic shipwreck.

And here's the thing: as you'll hear in this episode, Steve's not a silver-spoon, high society type. He's just a regular guy who chooses to think and act differently, consistently. And after this episode, you'll be able to "Bluefish" your way into more relationships, more private money, and ultimately more deals!

We talk about "leading with value" when approaching mentors... blah blah blah. Today, you'll hear a refreshing new twiston that concept, and learn actual tactics you can put into practice to make more connections and level up your life today.

One final note: Steve uses some colorful language in this episode; please take note of the "Explicit" label, and listen to this one when the kiddos aren't in the backseat :)

In This Episode We Cover:

How Steve went from bricklayer to bouncer to building a business that makes people's dreams come true
What "Bluefishing" is
Digging deeper to find your customers' true motivation
The one thing Artificial Intelligence can't replace
Why it's often better to remove – rather than solve – problems in your business
How to chase your own dreams, not someone else's
Why social media "influencer culture" often leave you feeling empty and unhappy
Stories of working with clients ranging from Elon Musk to The Pope

Links from the Show

Click here to check the full notes: http://biggerpockets.com/show409

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

408: Full-Time Income on a Part-Time Schedule with Emma Powell Oct 15, 2020

Ever wonder how your family would manage if you or your spouse lost your job? Emma Powell faced that reality head-on. She knew she needed "full-time income" while continuing to spend time with her family... and she knew real estate investing would be the vehicle to get her there.

Today Emma shares her journey from part-time photographer to multifamily dealmaker – how she got in the game by joining a REIA and immediately loaning money to an experienced investor (we discuss the right and wrong way to do this); her #1 piece of advice when meeting with a potential mentor; and her foray into the world of lease option ("rent to own") deals.

Plus – Emma shares her perspective on how to choose a niche that suits your strengths (wholesaling wasn't for her; syndication and bigger commercial deals were a better fit).

This is an inspiring story of someone who experienced a financial wake-up call, and went from total rookie to syndicator in just a few years... all while homeschooling 6 kids. Enjoy this one, and we'll see you again on Sunday!

In This Episode We Cover:

Emma's reaction to her husband being laid off from his tech job
What a Real Estate Investor Association (REIA) Meeting is
How she's found nearly all her deals by simply networking
Due diligence when loaning money to an investor
What lease options are
What a "due on sale" clause is
Closing a great deal after a seller was burned by wholesalers
Her passive income goals for the future
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show408

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

407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok with Ryan Pineda Oct 11, 2020

Want to think like a high-level investor and business owner who is seizing the moment and enjoying his best year ever? Listen up!

Former Oakland A's baseball player (and show 292 guest) Ryan Pineda steps back up to the plate today... and he delivers a detailed breakdown of how he's using TikTok, Youtube, billboards, and TV commercials to generate an avalanche of leads in the Las Vegas, NV market.

Ryan's team flips and wholesales 100 houses a year... but because he's set them up according to the EOS/Traction system, he spends just 3-4 hours per week running things!

Sound good? Well, a lot of hard work went it.

And in this episode, you'll hear the journey firsthand: from exactly how each member of Ryan's team handles a transaction, to why they keep a visual scoreboard in the office, to how he had to shift his mindset after realizing he was the bottleneck holding his business back.

In This Episode We Cover:

Operating a real estate brokerage, tax company, house flipping business all at once
Flipping 100 houses/year in 3-4 hours/week
How Ryan attracts deals using TV ads and billboards
Why he believes influence is the most valuable currency today
Finding the one thing you can't delegate
How he leads a team using EOS system from the book Traction
How structure can actually free your team up to do their best work
And SO much more!

Links from the Show:

Don't this miss one this one, and leave us (and Ryan) a comment in the show notes over at biggerpockets.com/show407.

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

406: 51 Units and $900/Month in Pure Cashflow on a “BRRRRnB” with Shelby Osborne Oct 08, 2020

"Systems, People, and Positive Vibes" are what powers Shelby Osborne's business, and today she breaks down exactly how she's used those 3 forces to go from 0 to 51 units in just a few years.

Shelby shares how she boils everything down into checklists and automated reminders, so she can focus more energy on revenue-generating activities.

Plus, she shares a combination word that's right up there with "liger," "bromance," and "Bollywood": the "BRRRR-nB." In her Deal Deep Dive, she reveals how she picked up a foreclosure property, transformed it into an Airbnb to generate big-time cashflow, and expects to pull all her money out so she can do it again and again!

A former U.S. Army captain, Shelby is a serious go-getter and you won't help but be energized by her "no excuses" approach to life – colorful language and all ;) Oh, and before you leave this page be sure to check out her checklist for startup your own real estate meetup below! (If you can't see it on your phone, head over to biggerpockets.com/show406.)

In This Episode We Cover:

How Shelby transitioned from Army life to real estate agent and investor life
How she finances her deals with a combination of bank loans, hard money, private money and lines of credit
The details of her ongoing "BRRRnB" deal
How she saves time by using email templates and automated follow-up sequences
How to set up your business to run on autopilot so you don't have to rely on your (unreliable) brain
Building a community to attract talented people with positive attitudes
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show406

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

405: Investing in the Only True Recession-Proof Asset: Yourself! with Lewis Howes Oct 04, 2020

Do you have fears and insecurities that hold you back from the life you envision? No? OK, well we'll see you next week... But really: this topic gets to the heart of why so many real estate investors quit, fail, or never even get started at all.

Today's guest, Lewis Howes, has been studying these concepts for the past 13 years as host of the hit podcast School of Greatness. It all started as an effort to climb out of a major low point in Lewis' life, when he was broke and sleeping on his sister's couch... having crashed out of a brief arena football career.

In this episode, you'll learn how Lewis learned to hack his self-limiting beliefs by systematically putting himself in situations (Toastmasters, salsa dancing, public speaking) that utterly terrified him. And he shares some practical exercises you can do to achieve greater confidence and self-mastery.

Plus -- as a LinkedIn expert with a far-reaching network of connections, Lewis also opens up about how to effectively network on social media and elsewhere.

Don't miss this weekend episode of the BiggerPockets Real Estate Podcast, and give Lewis a shout on social media you take him up on his challenge to write a mission statement for your life!

As always: if you're enjoying these shows, the best way to show your appreciation is to rate and review us on Apple Podcasts. It really helps us out!

In This Episode We Cover:

Climbing out of a hole when he had no money and no marketable skills
Overcoming fear of public speaking
Two practical exercises to confront your biggest fears
The clarifying power of writing a personal mission statement
The LinkedIn message formula Lewis used when reaching out to powerful people
Choosing a niche, then a sub-niche
The 3 magic words that multiply your chances of getting a deal or upgrade
The one common trait shared by all the top performers he's interviewed
And SO much more!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show405

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

404: How a Mailman Was Able to Quit His Job Through Real Estate Investing with George Gipson Oct 01, 2020

We frequently talk about networking as a real estate investor: for example, talk to your mail carrier because they likely have seen opportunities in your neighborhood. But what if you are the mail carrier?

Today’s guest, George Gipson, worked for the USPS when he started investing, which seems like the perfect opportunity for finding deals. But as with any start in real estate investing, it isn’t always as easy as it seems.

In today’s episode, we talk about taking action and committing to yourself - to ensure that those key opportunities actually work in your favor. We also talk about how important it is to learn your personal finances before diving into investing, plus how George used house hacking and short-term renting to reach financial freedom at an early stage of his investing. He’s even quit his job at USPS now so he can focus full-time on real estate. This is a real story about getting it done and seeing your own potential.

In This Episode We Cover:

Investing that doesn’t meet your standard rules of thumb
Overcoming issues that might be deal-breakers for other investors
Living for free through house hacking and short-term renting
Setting up your short-term rentals for success
Utilizing your network to find deals
Pushing through your commitment to yourself, even when it isn’t easy
Finding the path in life that’s right for you
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show404

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

403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees Sep 27, 2020

Whoa.

Today we have the man Brandon credits with helping him "go big" in business and life: his performance coach, Jason Drees. In fact, Jason works with a bunch of real estate investors... and today he shares tools for getting your mindset right and getting out of your own way as you grow your portfolio!

You'll love hearing Jason explain what a coach does, how he worked with Brandon to turn a weakness (fear of fundraising/rejection) into a strength ($10M+ raised in 2020), and the reason why some of his clients are thriving despite COVID-19.

Plus: about halfway through, there's an absolute gem when the guys discuss the planning models they use to attack challenges. Jason suggests a small but powerful mindset shift, and we're not exaggerating when we say this one tip may cause you to rethink your whole plan... and unleash new potential you didn't know you had!

This is a real, vulnerable episode where both Brandon and David both discuss holding onto identities and beliefs that no longer served them. So what did you think? Let us know in the comments at biggerpockets.com/show403, or in a review on Apple Podcasts.

In This Episode We Cover:

Common ways real estate investors self-sabotage
How Brandon got around his discomfort with raising private money
How our mindset influences our emotions
The BIG difference between the "Decide, Plan, Commit" model and the "Decide, Commit, Plan" model
Avoiding goals that are too specific
Thinking like a millionaire
How to feel empowered in the midst of COVID-19
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show403

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

402: Identifying Your Best Market, Neighborhood, and Property in 8 Steps with Brandon and David Sep 24, 2020

When it comes to pulling the trigger on a rental property, what we have is a "paradox of choice." So. Many. Options. It's easy to suffer from Fear of Missing Out, and it's even easier to get overwhelmed by the vast array of options out there.

That's where today's show comes in: press play, and Brandon and David will guide you through an 8-step process to closing on that first (or next) rental property.

Along the way, they share the tools (BP Insights) and team members ("Core Four" and more!) they use to guide decisions about where and how to deploy their capital.

Your action steps start with clarifying your goals, then we move to comparing markets and sizing up different neighborhoods using school district ratings and crime data.

Next, we tackling finding a deal – whether you're using an agent, a wholesaler, turnkey provider, or going off-market yourself... and how to avoid getting into trouble by "trusting your gut and hoping" when you're in an unfamiliar territory.

If you invest out of state, should you fly out? What about systems and standard operating procedures once you've got a tenant in the property? We answer all those questions, and more.

Finally: We mention it a few times in this episode, and if you want to take advantage of our awesome new Pro benefit, BPInsights, use the discount code BPDATA for 20% of a Pro Annual membership.

You'll get access to exclusive BPInsights Facebook group, a bonus webinar showing you how to use this platform to identify a market, and a bunch of other great Pro benefits including unlimited calculator use. Oh, and be sure to use that discount code before it expires on October 1st, 2020!

In This Episode We Cover:

Comparing the Cashflow vs. Appreciation potential of various markets
Rent-to-Price and "Rent-to-Income" ratios + other indicators
How to find market rents, crime data, and school district info
The one team member you should seek out to double-check your assumptions about a neighborhood
Various types of deal finders and the pros and cons of working with each
What to consider when working with turnkey providers
Using BPInsights data in your quest for a property
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show402

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

401: Follow these Steps to Get People to Know, Like, and Trust You with Jordan Harbinger Sep 20, 2020

Welcome to the brand new Sunday edition of the show – where we go beyond tactics and focus on the "mind game."

In this premiere episode, you'll learn about the easy, free practice that might just be the highest ROI use of your time... and there is no one more qualified to teach this than Jordan Harbinger.

Jordan brushes aside common myths about transactional "networking" using business cards or annoying LinkedIn messages. Instead, he shares the proven system he's used to build a world-class network. In fact, Jordan's strategies are so effective, the CIA and MI6 intelligence agencies hired him to teach them to their agents!

So, how does this apply to real estate investing? Well.. what would it be like to have a solid stable of connections to mentors, private lenders, and people who actively look for opportunities for you? We're talking about people who you know would pick up your call. This show breaks down exactly how you can build those kind of relationship without changing your personality – even if you think you don't have a ton to offer the other person.

Here's our challenge to you: put just one of these strategies into practice in your business this week, and see what happens. Hit us up on Instagram (@beardybrandon and @davidgreene24) to show us you did it! And remember, without committing to a system and following up, you won't get results.

Let us know what you think of this new iteration of the BiggerPockets Real Estate Podcast. And if you're interested in more conversations like this, check out Jordan's podcast, the Jordan Harbinger Show, wherever you listen to us.

In This Episode We Cover:

Why intentional networking is so crucial for real estate investors
How to take full advantage of your time at real estate meetups
His "Connect 4" system for reengaging with 4 people ("weak and dormant ties") each week
How to generate social capital
How to avoid strictly transactional relationships
The right way to introduce two people to each other over email
Developing confidence and overcoming shyness to succeed in the business world
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show401

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

400: “This Advice Changed My Life” with Brandon and David Sep 17, 2020

Over 400 episodes, we've absorbed a lot of hard-won real estate investing wisdom from our guests. Pretty tough to boil down to 10 concepts... but that's exactly what Brandon and David set out to do on today's show!

You'll hear them outline each principle, cite the person they learned it from, and bring it to life with real-world examples from their own investing experience as well as those of previous guests.

It's a fitting tribute to a major milestone for the show, and we hope it inspires you to revisit some classic episodes and implement this advice in your own business right away.

Thank you for supporting us; we sincerely appreciate you. If you like what we do, can we ask you to take 30 seconds to leave us a rating and review on Apple Podcasts? Every single one helps, and seeing your feedback motivates us to create more value on the road to episode 500!

In This Episode We Cover:

Playing "great defense" with your spending
The danger of jumping the gun with the wrong tenant, deal, or partner
Focusing on one niche until you're a master
Asking yourself exactly what you need to achieve your vision
Ways your ego can cost you money in real estate investing
Tracking results and constantly improving
Only investing in assets you know well
Why you should strive to be great at your day job
Why bigger deals aren't necessarily more harder
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show400

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

399: Solving the Investor/Contractor Relationship with Jeff Thorman of HomeRenovisionDIY Sep 10, 2020

Today we’re swerving a bit from tradition to bring you a guest who is not a real estate investor. Jeff Thorman spent years as a general contractor, built his own company, then started his own YouTube channel, HomeRenovisionDIY, to teach people how to renovate their own homes.

Learn from his years of experience renovating in this episode. Jeff brings us incredible tips on building strong relationships with contractors - from inquiry to project close. We discuss the importance of using quality materials in any project. We even dive into some projects you should absolutely be able to do-it-yourself as an investor. As a real estate investor, you will have to complete renovation projects at some point - use this episode to make sure those projects are seamless and successful!

In This Episode We Cover:

Learning the contractors’ perspective
The importance in using quality materials and building long-term solutions in your properties
Shopping directly from suppliers to save money on big rehab projects
Creating systems to retain quality contractors
Understanding the real cost of low-cost materials
Upgrades to improve your rental property and decrease vacancy
How to ask a contractor to walkthrough a project before you buy it
How to spot houses with cosmetic fixes vs. big, expensive projects
Newbie DIY projects anybody can tackle
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show399

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

398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber Sep 03, 2020

When Tarl Yarber last appeared on the show (#189), we got a behind-the-scenes look at his monster house flipping business.

He was doing a lot of volume, but here's the catch: he was stressed out and unhappy. Plus... with zero rentals to his name, he had to keep spinning the hamster wheel – "feeding the machine" – to make any money.

Today's show is about a big mindset shift, and the systems and teams Tarl put in place to create a business that truly serves him, rather than the way around... and allows he and his wife to travel 200 days a year while working on his business rather than in it.

We cover a lot of topics here, from high-level success principles to the specific real estate investing actions you can take – today – to adopt a more intentional and focused approach to building longterm wealth.

Lastly – Tarl's an exceptional networker, and the guys discuss the importance of meeting up with other rockstar investors even if the pandemic is preventing you from doing it in person.

So... how do you do that?

Well, Tarl's hosting a virtual conference September 18-19, and he's offering a 50% discount to BiggerPockets Pro members (check your email). This isn't a series of webinars, either... You'll be able to actually meet up with other attendees through online breakout groups, so it solves for the biggest challenge most investors are facing right now.

Follow this link to http://virtualwealthexpobp.com/ to snag your ticket today!

In This Episode We Cover:

The many advantages of the Buy, Rehab, Rent, Refinance, Repeat (BRRRR) Strategy
Creating multiple exit strategies when BRRRR'ing
Why sketchy tax deductions can hurt your longterm wealth
Designing your real estate investing strategy to fit your desired lifestyle
How Tarl and his wife mapped out their vision on butcher paper
Making a "To Do" List and a "To Don't" List
Why businesses need to be able to "scale down" in times like these
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show398

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

397: Live Calls! A Travel Nurse, a College Student, a High-End Flipper + More BP Members Put Brandon, David, and J Scott on the Hot Seat Aug 27, 2020

In today's episode we open up the phone lines again to field your real estate investing questions... and for an added twist, we bring in the familiar voice of author, BiggerPockets Business Podcast host, and house flipper/investor extraordinaire J Scott.

You'll hear callers chime in with questions like: 1) "Help me get started" 2) "should I partner with family members?" 3) "How do I transition from single family to multifamily" – and much more! From refinancing and the finer points of BRRRR... to mentorship and long-distance investing... It's all here!

Tell Brandon and David what you think of this new format in the show notes at biggerpockets.com/show397. We want to hear from you, too!

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

396: Post-COVID-19 Investing and Landing Great Deals at Auctions with David Osborn and Aaron Amuchastegui Aug 20, 2020

No one knows where the real estate market is headed next... but with an estimated 30 million Americans out of work, wouldn't you like to know how to buy foreclosed properties, step-by-step?

That's what you'll learn today, from two investors who have completed over 1,000 deals each: David Osborn and Aaron Amuchastegui. They begin the show by sharing their thoughts on today's economy (hint: they've kept plenty of cash cash on hand), then walk us through their 5-step process for successfully bidding on foreclosed properties at auction.

From building a list of properties, to lining up funding, to checking title and actually making your bid, you'll learn how David and Aaron (+ thousands of other investors) built serious wealth buying up distressed properties after the last big crash. This skill set is another tool to add to your tool belt, and whether there's another wave of foreclosures coming or not, you can use it to build serious wealth.

For more, pick up a copy of David and Aaron's new book, Bidding to Buy: A Step-by-Step Guide to Investing in Real Estate Foreclosures. And check out the show notes at biggerpockets.com/show396 for a transcript and other resources.

In This Episode We Cover:

The impact of COVID-19 on various assets
Why David Osborn is keeping a heavy cash position
How the foreclosure process works (notice, etc.)
What a foreclosure auction (sometimes called a "trustee sale") is
The 5 Steps to buying at auction
Why it's so important to drive by every property you plan to buy
Aaron's first auction experience as a newbie
How to deal with a lien on a property
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show396

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

395: From Car Valet to $100k/Month... Seriously! with Thach Nguyen Aug 13, 2020

Today: a no-excuses, American Dream story that will get you fired up to go hunt down a deal!

Thach Nguyen is an investor and agent in the Seattle, Washington area. When he was a kid, his family fled Vietnam for the U.S... he later parked cars at a Chinese restaurant... and despite becoming a top-producing agent building a monster portfolio of paid-off rental properties, he's still hungry and shows no sign of slowing down.

In today's episode, Thach (pronounced "Thatch") shares the lessons he learned during the Great Recession, his criteria for buying a "perfect BRRRR"... and why he says there's no shame in living with mom and dad to save money!

Plus, the guys discuss the pros and cons of paying down mortgages, the psychological advantage of owning your primary residence free-and-clear, and Thach's favorite (free) lead generation strategy.

We think you'll love Thach's energy; he thinks big and will motivate you to do the same. Give him a follow (IG: @thachnguyen) and let us know what you think of this episode!

In This Episode We Cover:

How Thach created $100k/month (!) in rental income
Why he's focusing on the affordable housing niche
Buying townhouses in Seattle, WA
Buying a "micro-apartment" building in Oakland, CA
And SO much more!

Links from the Show

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

394: Making a 25 Deal/Year Business (and Marriage) Work... Together! with Elliot and Chrissy Smith Aug 06, 2020

Ever considered partnering up with your spouse or another family member?

Today's guests Elliot and Chrissy Smith did just that when they left stable careers to flip, wholesale, and buy rental properties together in Washington state.

Running the business together wasn't easy on their marriage. In fact, they almost got divorced. Fast forward to today... they're happy, doing 25 deals/year, and building long-term wealth by steadily buying rental properties.

So, what adjustments did they make?

In this episode Elliot and Chrissy share what they've learned about defining roles, managing cashflow, and finding work-life balance as young parents who happen to be business partners. It's a rare inside look at the ups and downs – and risks and rewards – of running a true family business.

As die-hard fans right remember from his appearance on Show #255, Elliot is a skilled negotiator... and today he shares a surprisingly simple negotiating tip for those nerve-wracking kitchen table conversations with homeowners.

Look: you gotta love a couple who hires a babysitter just so they can drive around looking for distressed properties (a move which led to today's Deal Deep Dive). So check out this episode, and share it with your spouse, friend, or family member who you think might enjoy it!

In This Episode We Cover:

How Elliot and Chrissy divided their business into "lanes"
Their first taste of success with direct mail
Leaving full-time jobs to pursue their dreams in real estate
Dangers to be aware of when teaming up with your spouse
Showing a seller the math behind your offer
Plowing the cash from their flips into buy-and-hold rentals
Using the same exact same materials on every flip
Incentivizing a contractor by offering a profit share
Why they've slowed down their marketing in recent months
Elliot's cold call center for real estate investors
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show394

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

393: Campus Maintenance Man to $10M in Real Estate Owned with Rick Jarman Jul 30, 2020

Real estate investing... old school!

Rick Jarman (@realestateoldschool on Instagram) joins us today to share some of his hard-won wisdom from 44+ years as a flipper and landlord in Tuscaloosa, Alabama. And it's quite the journey, from cabinet maker and campus maintenance man to cigar-puffing 64-year-old social media influencer!

In this episode you'll hear tales of up markets, down markets, losing it all, getting it all back... and a tornado that wiped out 20 of Rick's 100+ rental houses. He also takes us through his rules for tenant screening, explains why he favors 15-year mortgages, and paints a picture of what it's like to self-manage such a large portfolio of single family homes (with a team, of course).

Give Rick a follow, and if you know someone who'd make a great guest on the BiggerPockets Real Estate Podcast send them over to biggerpockets.com/guest where they can apply to appear on the show.

In This Episode We Cover:

How Rick went from maintenance guy to owning 100+ properties
Selling his truck to buy his first rental in 1981
Investing lessons learned through 4 recessions
Why his rentals saved him when his home building business failed in the late 90s
Losing 20+ houses in a tornado in 2011
Rick's tenant screening process
Why tenants' credit scores don't tell the whole story
Wrapping 40+ houses into one loan
Why some investors "get bored with what works"
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show393

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

392: $12,500 per Month in 'Pure Cash Flow' With Todd Baldwin Jul 23, 2020

A $1 million net worth before the age of 30... through frugality and creative real estate investing!

That's what Todd Baldwin's achieved in a few short years, riding the red-hot Seattle housing market by repeat house hacking, renting by the bedroom, and living way below his means.

Sure, Todd's benefited from appreciation, but he's also generating monster cash-on-cash returns across his 6 rental properties. And today, you'll learn just how he's doing it: how he finds pocket listings, why he favors new construction, why he pays for a $2,000/month service most landlords would never dream of providing, how he limits roommate drama, and much more.

Wondering if this is legal? We discuss that in detail. Oh, and get this—Todd's all-time vacancy rate? Zero percent. So if you're in a high-priced coastal market, you need to listen to this show. And if you don't, we can pretty much guarantee you'll still enjoy it and pick up a few landlording nuggets along the way.

Know someone who might put Todd's strategy to use? Share this episode with him or her today! And make sure you're subscribed to the show so you won't miss us next week.

In This Episode We Cover:

How Todd makes $12K+ in pure cash flow by renting by the bedroom
Why he buys new construction rather than fixer-uppers
Why he pays for all utilities
The legalities of renting by the room
The dangers of buying a property with a homeowner's association (HOA)
Using a Tinder-like app to find roommates and tenants
Why he hires maids to clean each of his 6 properties weekly
His system for preventing conflicts among roommates
How complementary skillsets make for great business (and romantic) relationships
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show392

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

391: Your Real Estate Questions Answered, Live! with Brandon, David, and BP Nation Jul 16, 2020

Live calls, Dave Ramsey style!

In this episode we open up the phone (er, Zoom) lines to take audience questions on everything from "should I flip or hold this deal" to "Coronavirus cost me my job... how can I invest now?"

Brandon and David offer also advice on house hacking, Home Equity Lines of Credit (HELOCs), appraisals, and the pros and cons of tapping a retirement account to jumpstart a real estate investing career.

We'll be back to our regular programming next week... but let us know what you think of this format. And if you've got 30 seconds to leave us a rating and review in Apple Podcasts, we wouldn't be mad at that either.

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show391

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

390: 7 Figures from ONE Deal with Leka Devatha Jul 09, 2020

From fashion design work in India, to a corporate career with Nordstrom... to leaving that career to flip 40+ houses in 6 years – all in one of the hottest markets on the planet!

Seattle investor Leka Devatha has quite a story to tell, and a lot of hard-won wisdom too! From her 6 tips for finding and keeping great contractors, to the exact criteria she uses when looking for a flip opportunity, Leka spills the beans and outlines a framework you can apply whether you choose to flip, BRRRR, wholesale, or buy and hold.

We cover a crucial tax tip for anyone hiring a contractor, ever. Leka shares an unexpected silver lining brought on by the pandemic. And your mind will be blown when she tells how a "cosmetic" flip opportunity morphed into 3-year odyssey and wound up rewarding her with a 7-figure (yes, 7-figure) payday.

Give Leka (pronounced "LAY-kuh") a follow on Instagram and let her know if you appreciate this episode... and make sure you subscribe to the show in your favorite podcast app, so you won't miss the next one.

In This Episode We Cover:

Flipping 40 homes in 6 years
A "cosmetic flip" that turned into a 7-figure (!) profit through the magic of subdivision
Why you should get to know the land use planner in your city
Leka's system for finding and retaining great contractors
How to start a real estate meetup
Why virtual networking amid COVID-19 is more efficient
Why she pays her broker a commission even if she keeps a house as a rental
Leka's criteria for a great flip opportunity
What W-9s are and why it's so important to get them signed up front
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show390

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

389: He Changed His Strategy & Is Now Making $1M/Year! With Mike Simmons Jul 02, 2020

Are you tired of toiling in the trenches... and ready to run a business that cranks out profits without your constant involvement?

That's what today's guest has managed to do! In this episode, Michigan-based investor Mike Simmons shares exactly how he went from moderate success to $1 million in annual profit.

You'll learn why Mike switched gears from flipping to wholesaling real estate, what he's learned from spending hundreds of thousands of dollars on various marketing channels, and the four-point checklist you must use when considering any kind of partnership.

Ultimately, expert marketing tactics are fine and well. But to scale, you've got to master leadership and hiring—topics Mike covers in great detail here and in his new book, Level Jumping.

So pick up a copy (see link below), and share this episode with a friend, family member, or fellow investor who you think would enjoy it!

In This Episode We Cover:

Mike's remedy to cure a bad case of "analysis paralysis"
Why he switched gears from flipping to wholesaling
Why wholesaling is NOT always a great thing for newbies
The marketing channels Mike uses to do 100 deals per year
Ultra-specific direct mail tips (from a guy who's sent hundreds of thousands of dollars of direct mail!)
What most do wrong with direct mail marketing
How he made a $50K assignment fee and the key lesson he learned
Hiring and managing transaction coordinators
Hiring his first salesperson on a "straight commission" pay structure
Using personality assessments like DISC and Kolbe when hiring
Why intelligence is not the most important predictor of success in real estate investing
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show389

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

388: The 7-Step “Playbook” for Scaling Your Real Estate Business With AJ Osborne Jun 25, 2020

Do you dream of stepping back from the day to day and working on your business rather than in it? Of course you do!

AJ Osborne has achieved that goal—and having experienced a harrowing health emergency that incapacitated him for months (see show 286), this Boise, Idaho, investor is ultra-qualified to discuss the value of documenting, delegating, and streamlining your real estate business so it can run without you.

AJ owns and operates over 1 million square feet of self-storage. Today he breaks down the seven-step process he uses to improve operations, unlock hidden value, and scale fast.

If you're thinking, "I don't do deals that big," rest assured: AJ reveals that he actually lost money on his very first deal but gained a ton of wisdom, which he's generous enough to share with us today—and which applies across the board.

Plus, AJ shares a tip on financing deals that may totally change the way you think about growing your portfolio!

Check him out, and pick up a copy of his book, The Investor's Guide to Growing Wealth in Self-Storage: How to Turn a Real Estate Asset into a Thriving Business.

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

387: Time Freedom Through 7 Deals in Her First 3 Years With Megan Greathouse Jun 18, 2020

On today's show: the massive impact of just a few flips and a few small multifamily rental properties.

Starting in 2017, that combination allowed our guest Megan Greathouse to step aside from her W-2 job (her husband still works) and spend much more time with her two young kids... all while dedicating just 5 hours per month to self-managing her portfolio in St. Louis.

Want to know how she did it? Megan spells it all out in this episode and provides the exact tools and templates she uses to maximize her efficiency—enabling her business to serve her and allowing more time for what really matters.

Give Megan a follow, and share this episode with a friend, partner, spouse, or family member who you think might enjoy it!

In This Episode We Cover:

Starting out with a fourplex
Investing with a full-time job and kids
The P.R.O.P. system for property management
How Megan and her husband use the "2 in 5 Rule" to avoid capital gains taxes
How she uses real estate to create time freedom and hang out more with her kids
Flipping an old house near Washington University in St. Louis
A BRRRR "fail" (contractor issues) that turned out OK
Lessons she learned in the military
The key to avoiding analysis paralysis: "Get to 80% and go!"
Buying a 60-acre farm outside the city
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show387

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

Still Doing Deals... Thanks to These 2 Pivots With Marcus Maloney (Part 2, Post-Coronavirus) Jun 12, 2020

Yesterday, Marcus Maloney showed us how he built his deal-finding machine. Today, he tells us how he's hanging onto it by making two big shifts in his business.

When the pandemic hit, lenders got nervous... and that put a couple of Marcus' deals in danger. So did he give up? No! He tapped his own network of private lenders to provide financing to his end buyers—a win-win-win.

Plus, Marcus tells us why he's shifted focus to the Midwest since we first spoke and how he worked out a deal with a "great tenant" who wound up unemployed and unable to pay rent.

Wondering how to adjust your business to the new normal? Check out this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next one.

In This Episode We Cover:

The problems Marcus ran into in mid-March
How he plugged the gap with private money
Developing relationships with private lenders before you really need them
Why he's concentrating on a lower-priced market
How he negotiated with a resident who could no longer afford rent
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show386-5

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

386: Starting Out With $200 and Investing for Profit AND Cash Flow With Marcus Maloney (Part 1, Pre-Coronavirus) Jun 11, 2020

From "bad drug dealer" in his youth... to earning a master's degree, then jumping into real estate at age 36 and crushing his first deal!

Today, Marcus Maloney shares his wild ride in Part 1 of two episodes this week. This one was recorded before the coronavirus pandemic, so we don't discuss that topic. Tomorrow, we'll dive into how Marcus pivoted to keep doing deals in these trying times.

In this episode, you'll learn how Marcus used just $200 to launch his career, how he acquired nine rental properties, and how he's completed dozens of local (Phoenix) and long-distance (Chicago) real estate transactions.

He also discusses the strategies he's using to generate leads, how he builds trust with both sellers and buyers, and how he works with acquisition managers, who take a cut of the deals they bring him.

Plus—the guys have a great conversation about performance coaching and why the thing that's holding you back probably isn't something you're going to fix at a real estate boot camp.

Marcus was nice enough to take some time out from riding his Harley to share some of his hard-won wisdom, so say hello to him on the BiggerPockets Forums, where he's a frequent contributor.

And don't forget to subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next show!

In This Episode We Cover:

How Marcus "flipped piglets" as a boy
How a rescinded job offer led to him to pursue real estate
The personal development he had to do to become a successful real estate investor
Direct mail marketing
Closing deals on the phone
Attracting partners by creating valuable content
Why Marcus lives in Phoenix but buys rentals near Chicago
What separates successful "bird dogs" and wholesalers from those who give up
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show386

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

385: Once Homeless, Now Investing in an Expensive Market (With No Money of His Own) With Greg Gaudet Jun 04, 2020

Flipping with no money down... in Hawaii? You heard that right.

Greg Gaudet actually considers himself "risk-averse" and still holds a full-time job, but he's able to make nice chunks of change by hustling to find deals and managing rehabs for Brandon's team on Maui.

Today, Greg walks us through his journey from "rock bottom," including bouts with addiction and homelessness, to living the life of his dreams, buying a Porsche cash, and owning a handful of properties free and clear.

You'll learn the right way to approach investing in condos, how to bring value to a potential partner or mentor, how Greg manages risk by keeping his living expenses low, and the mindset shifts that allowed him to 1) get clean and 2) "get out of his own way" in the real estate business.

This is truly one of the most powerful stories we've told on the BiggerPockets Real Estate Podcast, and it's guaranteed to get your wheels spinning!

In This Episode We Cover:

How tragedy shaped much of Greg's early years
Bad advice he received when jumping into investing
What to look for (and avoid) when investing in condos
How Greg bought a condo for less than 50¢ on the dollar
How he and Brandon structure their flip deals
How anyone can flip without risk—if they're willing to work
Greg's "why" (and his paid-for Porsche)
How to approach a mentor without making it awkward
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show385

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

10 Deadly Mistakes Real Estate Investors Make with Brandon and David May 29, 2020

After yesterday's deep dive interview discussing 2 disastrous flip projects, we have a solo show for you today.

And the title says it all, really.

Brandon and David boiled down nearly 400 podcast episodes, countless forum threads, books, and real-life conversations, and their own missteps and now present: the Top 10 Ways Real Estate Investors Lose Money.

These aren't the only ways to go wrong in this business, but at some point you're in danger of falling into at least one of these traps.

So, what did we miss? Let us know in the forums, the comments section on our show notes, or in the Official BiggerPockets Facebook Group. And be sure to subscribe to the BiggerPockets Real Estate Podcast so you won't miss an episode.

In This Episode We Cover:

Focus vs. spreading yourself too thin
The #1 way to lose money that you haven't thought of
Managing the people who manage your asset
What David calls "Spreadsheet magic"
Investing in areas with diverse employment
Over-renovating after watching too much HGTV
Inheriting tenants from a seller
Evaluating real estate agents
The myth of "more money down = more safety"
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show384-5

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

384: Losing $60k on His First 2 Flips so You Won't Have To with Spencer Cornelia May 28, 2020

You can put a dollar number on the losses Spencer Cornelia took on his first two long-distance flips... but it's hard to quantify the value of the lessons he learned and is now passing on to you.

We noticed Spencer's thread detailing his struggles in the BiggerPockets forums and invited him on the show; he bravely accepted.

In this episode, you'll learn the pitfalls to watch out for when taking on heavy renovations (anywhere, but especially long-distance), how to ensure quality work is getting done, and the dangers of letting projects drag on when you're locked into expensive short-term financing.

Plus, it's not a total downer... because Spencer's seeing a bunch of success with his new Youtube venture, and plans to continue investing in (less aggressively leveraged) real estate projects.

Brandon and David add their own perspectives having made some similar errors in their careers, and tomorrow in Part 2 they'll break down the 10 Deadliest Mistakes Investors Make.

New investors: heed the advice in these two shows! And as always: run your numbers conservatively, know your own risk tolerance, and run deals by trusted advisors before jumping in.

In This Episode We Cover:

What went wrong with Spencer's rehabs
How to ensure contractors are doing quality work
Incentivizing team members and keeping them accountable
How much money he paid in interest and fees to his hard money lenders
Functional obsolescence and complications with older homes
Why you can't always trust an appraisal
"Home buyer turnoffs" and why it's easy to miss them
Why Spencer sold and took a loss rather than choosing another exit strategy
Why he's not giving up on real estate
How you can "go broke buying good deals"
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show384

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

383: Finding Your Perfect Partner and the Top 6 Factors When Choosing a Market with Ben Leybovich & Sam Grooms May 21, 2020

Interested in someday making the leap to bigger investments? Don't miss this one!

Ben Leybovich and Sam Grooms join us for a high-level conversation about how they transitioned from flips and smaller assets to 100-plus-unit, value-add multifamily deals.

Since the first part of this show was recorded pre-coronavirus, we brought the guys back on to hear their thoughts on today's market and get an update on how their business is doing amid the volatility (spoiler: pretty well!).

In This Episode We Cover:

Finding the perfect partner for you
The 6 factors they look at when analyzing a market
Why Sam & Ben keep such a large reserve fund
Why investors sometimes overvalue cash flow
Why they like the Phoenix market
How to establish a competitive edge in real estate investing
How they look at multifamily syndication as "a long flip"
Why equity protects you
Buying insurance against interest rate increases
Hiring their own construction team
How they're adjusting to COVID-19
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show383

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

Surviving When the BRRRR Hits the Fan with Josiah Smelser (Part 2, Post-Coronavirus) May 15, 2020

What happens to a no-money-down BRRRR investor when a pandemic breaks out, lending standards suddenly tighten, private money lenders get skittish, and property values quickly drop?

Today, Josiah Smelser returns to the show and tells all.

In Part 1 yesterday, we learned how Josiah built a $4M portfolio by buying, renovating, renting, refinancing, and repeating using both hard money and private money.

Coronavirus hit him hard. And if he didn't have cash reserves, credit options, and the right mindset, it might have totally wiped him out.

When the virus hit, Josiah had 10 properties he needed to refinance. It was a perfect storm: His private money lender immediately pulled funds, his refinance bank changed their terms, and property values dropped—all at once—meaning he would need to bring way more cash to the table.

What happened next? Listen to this episode to learn about how Josiah made it through the nightmare and came out on the other side... with more equity and reduced interest payments.

Real estate investing isn't all sunshine and rainbows. But if you keep your mind right, plan your exit strategies, and maintain cash and credit lines, you too can survive the curveballs thrown your way.

In This Episode We Cover:

What happens when private lenders want their money back
Why Josiah's bank changed the loan-to-value ratio on him
Tapping a cash-out refinance in an emergency
Trying to sell a property you had planned to BRRRR
Taking out loans in your spouse's name to get around loan limitations
Key to pulling off a BRRRR in a down market
How Josiah saved $750K in interest over 30 years by getting a lower interest rate
How an attorney can help you arrange a great partnership
Why Josiah looks at this stressful time as a highlight of his real estate investing career
And SO much more!

Links from the Show

Check full show notes here: https://www.biggerpockets.com/show382-5

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

382: No Money Down BRRRR Investing with Josiah Smelser (Part 1, Recorded Pre-Coronavirus) May 14, 2020

Today we bring you Part 1 of back-to-back episodes with real estate investor/appraiser/author/all-around good guy Josiah Smelser.

This first conversation was recorded pre-coronavirus lockdown, but it's packed with tips you can put into action today. You'll learn how Josiah solved the #1 bottleneck in his business (capital!), allowing him to BRRRR at scale and rack up rental properties with very little money out of pocket. Even more impressive: he's doing it long-distance (The properties are in Dallas, TX and Josiah lives in Huntsville, AL.)

And if that weren't enough, the guys go in-depth on appraisals – and the techniques you can use to help appraisers see your side of the story. Josiah's a longtime licensed appraiser, so he speaks from experience... and he shares his playbook for giving yourself the best chance to pull all your money out of your deal.

If you like what Josiah has to say, then be sure to check it Part 2 tomorrow. We bring him back on, post-COVID-19, to discuss the serious challenges he's faced: lenders pulling out, property values dropping, and even a domestic violence issue at one of his rentals.

The good news: he made it through. Tune in tomorrow to hear how!

In This Episode We Cover:

Why Josiah sold his properties pre-2008 crash (and why he still regrets it!)
Combining hard money and private money to BRRRR with no money out of pocket
How Josiah uses "boots on the ground" partners to invest at a distance
Why he analyzes 8-10 deals per day
Buying houses sight unseen
Why BRRRR investors must keep cash reserves
How to talk to appraisers (like getting out of a speeding ticket!)
Why a property's list price is irrelevant
Deals... on the MLS, in 2020?!
The square footage trick that's made him thousands of dollars
Losing out to a lower offer on a big multifamily deal
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show382

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

381: 5 Rules for Investing in a Down Market with Tucker Merrihew May 07, 2020

Can you flip, wholesale, and buy rentals throughout a downturn?

Yes... IF you heed the advice given out in today's episode.

Our guest Tucker Merrihew is more than qualified to tackle this subject, having launched his real estate business in Portland, Oregon, in 2008—during one of the worst housing markets of all time.

In a rare "Double Deep Dive" segment, Tucker walks us through a couple TTM Development projects from 2009 and reveals exactly what he did right and wrong at the time.

As for the coming months... you'll learn which types of properties to avoid, which price ranges to target, and why renovating old homes can be risky business at this stage of the market cycle.

Plus, Tucker explains why he underwrites every deal at 3 different prices to make sure it passes his "Oh $#!# Test" if the market goes south.

Tucker is a seasoned pro with hundreds of deals under his belt, and he shares tons of valuable information for free in this episode. Be sure to subscribe to the BiggerPockets Real Estate Podcast for more tips on investing safely while taking advantage of the opportunities ahead.

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

380: Profitable Landlording in a Crisis with Mike Butler, Chris Clothier, and Dave Poeppelmeier Apr 30, 2020

Feeling like you're in uncharted territory as a landlord? You're in good company!

Today's show walks you through how to ethically and profitably manage rentals through the COVID-19 outbreak and beyond.

Brandon and David sit down with Mike Butler, acclaimed author of Landlording on Autopilot; Chris Clothier, partner at REI Nation (formerly Memphis Invest); and Dave Poeppelmeier, owner of eight houses in Toledo, Ohio.

You'll get a ton out of this panel discussion, including exact scripts for communicating with non-paying residents, strategies for connecting tenants to government resources, a discussion about "deferment" vs. "forbearance," and much more.

Mike (500+ units), Chris (6,000+ turnkey units), and Dave (8 properties, mostly student rentals) are all in different markets and at different stages of their investing careers... so you're guaranteed to learn something you can apply in your business today.

Enjoy this episode, jump on the BiggerPockets Forums to connect with fellow investors, and subscribe to this show in your favorite podcast app so you won't miss us next week!

In This Episode We Cover:

Mortgage forbearance vs. deferment for landlords
What % of REI Nation's tenants paid April rent
Establishing open lines of communication with tenants
What tone to use in conversations about rent
Why Dave proactively reached out to his renters
Guiding tenants to government resources (unemployment, etc.)
Creating contingency plans
Mike's "Wendy's walk-up window" for rent payment
How to look for better financing in low-interest-rate environments
How to stay organized if you're getting government assistance for your business
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show380

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

379: What the Numbers Reveal About Today's Rents, Prices, and Top Cashflow Markets with Data Scientist Dave Meyer Apr 23, 2020

There are plenty of opinions out there about where the real estate market is headed next. But what are the numbers telling us?

Today we dig into the data with Dave Meyer, BiggerPockets' VP of Growth and Analytics and a real estate investor himself.

Dave leads BiggerPockets Insights—a Pro/Premium benefit providing current local market data—and he's been looking at data points in the weeks since shelter-in-place orders began to grind the economy to a halt.

So...

Why are rents down? Why haven't prices dropped? And what data should investors be keeping an eye on? The guys tackle those questions and much more in today's episode.

Plus, Dave discusses his list of the country's best 11 cashflow markets adjusted for vacancy and explains what makes them so attractive right now.

Add in a topical "Fire Round" and a breakdown of Dave's "ski for free" Airbnb scheme, and you've got an action-packed episode sure to bolster your confidence in these uncertain times.

Check out this episode of the BiggerPockets Real Estate Podcast, and be sure to subscribe to the show in your favorite podcast app so you won't miss the next one!

In This Episode We Cover:

The top cashflow markets in the country for high value and low vacancy
3 data points Dave looks at when analyzing a new market
Why housing prices haven't fallen much yet
Dave's (cautiously optimistic) forecast on real estate prices
What's happening to rents nationwide
What "income-to-price" reveals about a market
What BiggerPockets Insightsis
How new investors can take advantage of this downtime
The potential of a population shift away from urban centers
How Dave bought an Airbnb in Colorado to "ski for free"
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show379

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

378: A $500M Syndicator's View on Today's Market and How to Succeed as a "Hands-Off Investor" with Brian Burke Apr 16, 2020

With a recession already underway, we're turning to an investor with 30 years of experience, 3,000-plus multifamily units acquired, and one of the sharpest minds in real estate.

Brian Burke is back today, and he sits down with Brandon and David to offer his interpretation of current events and to guide our audience through how to invest passively without violating Warren Buffett's No. 1 rule: "Never Lose Money!"

Brian explains how his firm Praxis Capital is navigating COVID-19 and shares a few tips everyday investors can use to fortify their portfolios. We also discuss leverage, how lending practices are changing, and techniques you can use today to safeguard your investments against vacancy and drops in valuation.

In the second half of the show, Brian speaks to those interested in becoming "hands-off" investors—whether you want to focus on making money in your day job or just don't want to deal with being a landlord. After all, BiggerPockets has 10-plus books on how to actively get deals done... but none (until now) on how to evaluate passive investment opportunities.

We go over how to meet syndicators, what red flags to look for, how to diversify your investments... and the absolute No. 1 quality to look for in a passive investment (hint: it's NOT the deal itself).

This episode is packed with deep insights into the current market shift, but it's also a timeless lesson in evaluating syndication opportunities.

For more info, check out Brian's new book, The Hands-Off Investor: An Insider's Guide to Investing in Passive Real Estate Syndications, and all the great bonus content, too.

In This Episode We Cover:

How Brian got his start raising capital from his cop buddies
"Bulletproof vests" investors can use to survive right now
Brian's definition of "over-leveraged"
Why Brian is currently more focused on operations than acquisitions
How government stimulus $ may affect the real estate market
How and where passive investors meet syndicators
The #1 quality passive investors should look for in a syndicator
Why the deal sponsor is more important than the deal itself
Diversifying your passive investment portfolio
Red flags to look for when evaluating syndicators
Why "alignment of interests" is overrated
The lesson he learned from a friend who lost her life savings

Links from the Show

Check the full show notes here: http://biggerpockets.com/show378

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

377: The Riches Are... on the Radio? How to Dial in Your Marketing & Do 100+ Deals a Year with Chris Arnold Apr 09, 2020

Today's guest does 125 deals a year in Dallas—from his home base in the Caribbean.

How? Well, he bailed on direct mail marketing and doubled down on radio ads.

And when others froze up as the coronavirus spread, his team put in new systems and closed a $23,500 wholesale deal... without even stepping foot inside the house.

Chris Arnold zigs when others zag, and today you'll learn how he sets up his business so he can consistently work ON it, not in it... while enjoying a great lifestyle in Tulum, Mexico.

Chris shares timely tips for how to orchestrate deals while maintaining safe social distancing (he even holds "Zoom open houses" with multiple cash buyers at once); breaks down which team member handles each aspect of a transaction; and delivers a fantastic tip for new real estate investors struggling to stay focused.

Plus—Chris shares how advertising on local radio stations has elevated his home-buying business to new levels. Look, he says, you might prefer podcasts... "but you are not your seller!"

We play one of his ads on the show, and he guides us through how to research various audiences and negotiate the best rates with stations.

This show covers it all—from the finer points of buying properties at deep discounts to the mindset shifts Chris has made along the way.

Check it out, and if you enjoyed this please share it with just one family member or friend. We appreciate you, and we'll see you next Thursday.

In This Episode We Cover:

Why Chris runs his business virtually from Mexico
His #1 lead generation strategy: good old-fashioned radio!
3 major demographics he markets to
Why "bouncing" is the reason so many newbies fail
3 shifts he's made to adapt to COVID-19
How he decides whether to wholesale or fix and flip a property
The exact workflow his team uses to work leads from start to finish
How he inspects houses remotely
Closing deals over the phone
How he puts together "Zoom open houses" for cash buyers
How he's finding cash buyers who will buy sight unseen
How the market is reacting to coronavirus
Ways to back out of a contract if necessary
And SO much more!

Links from the Show

Check the full show notes: http://biggerpockets.com/show377

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

376: 12 Real Estate Rockstars Reveal Their #1 Tip for Surviving (and Thriving) through a Downturn Apr 02, 2020

Strength in numbers!

When you finish this episode, you'll have 12+ action items that could help you withstand the coming economic slump... and perhaps even accelerate your path to financial freedom.

Each investor featured today gives you their top piece of advice for handling an economic downturn: from mindset, to leadership, to specific strategies you can begin to put in place TODAY.

Don't miss this one, and be sure to subscribe to the BiggerPockets Real Estate Podcast for more hard-won wisdom on how to lead your business through the coronavirus crisis and beyond.

In This Episode We Cover:

Why now is the time to write a 10-year vision for yourself
Serving others first, even when our impulse is self-protection
Cutting overhead to preserve cash
Finding creative ways to rent out property
Collecting payments up-front, for a discount
Working with lenders if you're having shortfalls with rent
Investing as a group to hedge risk
Controlling your emotions when the market is volatile
Why you should be building a team NOW
The importance of picking up the phone to nurture relationships
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show376

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

375: Live Coronavirus Q&A: Resources, Tactics, and Mindset Shifts for Today's Real Estate Investor Mar 26, 2020

Economic upheaval. Tenants losing their jobs. Entire cities shut down.

How should real estate investors operate today?

In this episode, we’re opening up the phone lines and patching in both expert investors (Tarl Yarber, Avery Carl, Justin Stamper) and newbies (Sawyer, Adam, Joe) in various markets across the country.

What you’ll learn: how hard-hit short-term rental operators can adapt to travel restrictions, how to plan for non-payment of rent, which strategies are likely to work best in the coming economic shift, what the heck is going on with interest rates... and much more.

Tell us what you think of this new format, and be sure to subscribe to the BiggerPockets Real Estate Podcast for more on how best to run your business in unprecedented times.

Stay safe and we’ll see you next Thursday.

In This Episode We Cover:

How certain areas of the country are affected
How to find renters at this time
How to make your Airbnb business thrive
Why panic selling is not recommended
The value of working with a partner
What to do if your properties are affected
How the pricing of properties are affected
Various creative financing you can try
Current status of various investors
Why rents never go down
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show375

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

374: What Real Estate Investors NEED to Know About the Coronavirus, the Economy, and the Problems At Your Door Mar 19, 2020

Rent's due... or is it?

From quarantines to eviction moratoriums to a plummeting stock market, COVID-19 has upended seemingly everything -- and today we talk through what it all means for real estate investors.

J Scott, author of Recession-Proof Real Estate Investing, and Scott Trench, author of Set for Life and CEO of BiggerPockets, join Brandon and David for a roundtable discussion packed with perspective and insight.

We begin with a high-level analysis of today's economy, and discuss how you can fortify your portfolio in the face of a likely recession (there's still time!). Then, the guys take on your most pressing questions -- starting with, "what happens if my tenant doesn't pay rent?"

*NOTE: If you want to skip directly to audience Q&A, that section starts at 1 hour, 5 minutes.*

Whether you're a brand new investor nervous about getting started... or a veteran waiting for the right opportunity to deploy capital, this episode will give you a chance to take a deep breath and assess the playing field.

We hope you enjoy this special episode, recorded March 18... Stay safe, take care of yourselves, and stay tuned for more Coronavirus content across all BiggerPockets platforms in the days and weeks ahead.

In This Episode We Cover:

BiggerPockets members' top questions right now
How to control your emotions when people around you are panicking
Which strategies do and don't work well during downturns
How to approach tenants who have lost income and don't pay rent
The importance of "buying right" and keeping cash reserves
6 ways real estate investors should prep for a recession
How power dynamics in the marketplace will change
Whether you should still be out there looking for deals
How to productively use your time while confined indoors
Adjustable Rate Mortgages today
COVID-19's effect on the overall economy
The effects of Quantitative Easing and 0% interest rates
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show373

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

373: Invest Locally or Out of State? Why Not Both! BRRRRing & Building with Lee Ripma Mar 12, 2020

Four years ago, Lee Ripma was brand new to real estate. She vowed she'd one day appear on the BiggerPockets Podcast. That day has come.

And we're all better off for it!

In this action-packed episode, Lee traces her journey from full-time field biologist to newbie who jumped straight into long-distance multifamily (wait 'til you hear about her first deal!) to developing apartment buildings in the high-end Los Angeles market.

You'll learn how she formed relationships with local, "boots-on-the-ground" partners on her BRRRR deals in Kansas City, why she came to prefer value-add multifamily deals over BRRRR, and how she's able to find higher and better uses for properties in Southern California.

From looking at our podcast stats, we know a LOT of you are in hot markets like L.A., New York, San Francisco, and Washington, D.C. If you've ever thought to yourself, "My market's so expensive... How can I invest in real estate?"—look no further.

This episode will get you motivated, and it may just ignite your real estate investing career!

Be sure to subscribe to the BiggerPockets Real Estate Podcast, sample the other BiggerPockets podcasts in our network (just search "BiggerPockets" in your favorite podcast app), and as always, if you appreciate this content, please give us an honest rating and review on Apple Podcasts.

In This Episode We Cover:

Why she abandoned the idea of building a tiny house empire
How her career as an environmental consultant prepared her for real estate investing
Why innovation can be overrated
How she screwed up her first deal and still made 28% cash-on-cash
Why choosing a “submarkets” is more important than the general market you choose
Why she shifted from BRRRR to value-add multifamily investing
How she unlocks value in rundown apartment buildings
Finding “boots-on-the-ground” partners for out-of-state deals
How she learned the development game by apprenticing under an experienced investor
How real estate development creates money out of thin air
Tearing down single-family homes and building 4-unit apartment buildings
How she moves projects more quickly by using “prefabricated construction”
Why “value-add” drives the biggest returns on investment
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show373

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

372: Flipping and Rental Property Investing 2,000 Miles Away with Erin Helle Mar 06, 2020

Securing financial freedom for her family through long-distance real estate investing!

West Point graduate Erin Helle's story starts the day she was ordered to deploy to Afghanistan. She already had a young daughter, and her husband was headed to Iraq.

Something had to change.

Mix in a serious health condition, the result was this: Erin felt forced to take action and build something that would endure and provide for her daughters no matter what.

In this episode, you'll learn which steps she took. From buying new construction, to flipping at a distance, to using a self-directed IRA to purchase a rental property, this show is packed with valuable lessons from an investor who's acquired 20 doors in the span of two years.

Erin shares a powerful story that's sure to make you think hard about the legacy YOU plan to leave behind and what you plan to do to get there.

In This Episode We Cover:

Buying new construction
Generating momentum as a newbie investor
Erin's key performance indicators
Lead measures vs. lag measures
Out-of-state real estate investing
Teaching young kids about money
Why getting your real estate license may be overrated
Why she doesn't "DIY" anymore
And SO much more!

Links from the Show

Click here for full show notes: http://biggerpockets.com/show372

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

371: Introducing BiggerPockets' Brand New Show: Real Estate Rookie Podcast Mar 05, 2020

More "newbie" content. More "first deal" success stories. Tips, tools, and step-by-step guidance from investors just one step ahead of you.

That's what many of you have been asking for.

And that's what you'll get when you subscribe to Real Estate Rookie, BiggerPockets' newest podcast!

Episode 1 is LIVE now, and it's a gem if we do say so ourselves—check it out here.

In this brief announcement, Brandon and David introduce hosts Ashley Kehr and Felipe Mejia (remember them from episodes 348 and 329?)... and explain WHO would—and wouldn't—benefit from listening to Real Estate Rookie.

You might be asking—is the "OG" BiggerPockets Podcast changing? Or even going away? Not a chance!

In fact, we hope you listen to both shows.

Check out Real Estate Rookie today, and Brandon and David will have another great interview right here tomorrow.

Then next week, you'll get an episode of Real Estate Rookie on Wednesday, and we'll be back to regular programming.

Tell us what you think of the new podcast, join the Facebook group (just search "Real Estate Rookie"), and give Ashley and Felipe a follow on Instagram @wealthfromrentals and @felipemejiarei!

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

371: 75 Deals at Just 20 Years Old with William Brown Feb 27, 2020

$700,000-plus in wholesale fees—fresh out of high school!

On this show, Will Brown reveals how laser-focusing on “deal flow” allowed him to build a rental property portfolio, build a self-sustaining business, and amass a small fortune… all in a matter of months.

You’ll be blown away by Will’s story of being struck by inspiration while playing Grand Theft Auto at age 18. That led to the BiggerPockets Podcast, and well… you’ll have to hear the rest of his story to believe it.

If you want to know the exact structure of a four-deal-per-month wholesaling business and the specific marketing methods Will uses to reach sellers, check out this episode. He walks us through how he handles leads, how he manages his business from 3,000 miles away, and why he’s handing over the reins to a partner so he can focus on building a technology startup.

This is a fantastic episode highlighting a BiggerPockets member who took massive action, trusted the process, and saw massive results. Download this one, and make sure you’re subscribed to the BiggerPockets so you won’t miss a show!

In This Episode We Cover:

How Will built a powerful marketing machine
How he's able to spend only 30 minutes on each deal
How he prevents leads from slipping through the cracks
Ringless voicemail messaging and text message marketing
Why he prefers wholesaling over flipping houses
How he handles tricky title issues
Why it's never a bad idea to make an offer
Will's artificial intelligence startup
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show371

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

370: Tax Hacks to Juice Your ROI with Amanda Han and Matt MacFarland Feb 20, 2020

Get to know enough CPAs, and you'll hear the "light bulb" story.

"I was helping this real estate investor with her taxes... and thought, 'Why am I not doing this?!'"

Yes, there are POWERFUL tax breaks available for rental property investors. But you have to know what to look for!

That's the focus of today's episode AND the new book (out today!) from Amanda Han and Matt MacFarland: "The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors."

You'll hear Amanda and Matt break down the basic concepts you need to understand in order to reach your goals, outline the questions you should ask your CPA, and take on the notorious "Do I need an LLC?" question.

You'll also learn about more complex strategies like advanced/bonus depreciation, Opportunity Zone investing, and 1031 exchanges... plus, how short-term rental investors and flippers can optimize their tax strategy.

This episode is packed with free information that is literally valuable—meaning it could save you thousands, or tens of thousands, of dollars!

Download this one, check out the book, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next show.

In This Episode We Cover:

How Amanda and Matt ended up doing tax/real estate
What they do and how they help clients
What their new book is all about
How to save tons of money in terms of taxes
Best time to work with a CPA
How an LLC plays into a real estate investor’s life
3 benefits of working with a professional
Importance of having a system in place with the help of tax and legal advisors
How cost segregation comes into play
Who does a cost segregation study
Other things investors should not do on their own
Why it pays to be cautious when it comes to 1031 exchanges
Why buy and hold is preferable over flipping from a tax perspective
Cool things about short-term rentals from a tax perspective
What an Opportunity Zone is and why it matters
What a flow-through entity tax break is
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show370

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

369: Escaping the Day-to-Day Grind to Work ON Your Business with Jefferson Lilly Feb 13, 2020

Want to step out of your business and finally gain the freedom to think more strategically? Let Jefferson Lilly show you how!

Jefferson is a mobile home park investor, who went from sleeping on an air mattress on-site at his mobile parks to running a lean team and focusing his energy on raising millions from investors.

No matter what stage of your career you’re in or what your preferred strategy is, you’ll get a ton of value out of this high-level discussion about building a “2.0” business that serves you AND your team.

You’ll learn how Jefferson went from acquiring parks “deal by deal” to starting a fund, how he overcame fear to hire several six-figure employees, and how he incentivizes his team to maximize occupancy.

Also, Jefferson breaks down the criteria he uses to narrow down potential deals (including proximity to a Walmart)—AND reveals the four main ways he and his team reach out to mom-and-pop park owners.

This is an awesome show, whether you’re interested in mobile homes or not. So check it out, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next one!

In This Episode We Cover:

The “unfair advantages” of mobile home park investing
4 main methods to find off-market deals
How his team uses brokers to source deals
Hiring 6-figure employees
How Jefferson has raised more than $30M from 200 investors
How he incentivizes his team based on occupancy
2 factors that drive profitability in the mobile home park business
The difference between a “2.0” business vs. a “1.0” business
Jefferson’s biggest career regret
Why he aims to hire “coaches” rather than “cheerleaders”
How and why he started a fund rather than individually syndicating deals
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show369

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

368: $3,500 per Month From One BRRRR Deal With Palak Shah Feb 06, 2020

On today’s show: accelerated wealth-building through leverage and systems!

Palak Shah walks us through how she built a $4M portfolio in just three years by "supercharging" the BRRRR strategy.

Palak left a career in corporate America to focus full-time on real estate in the Philadelphia area, and she applied her training as an engineer to create airtight processes that help her business run without her.

You’ll love hearing how she finds deals from wholesalers on Facebook, why she’s not afraid to sell off some of her BRRRR properties, and how she creates checklists to determine whether a deal fits her criteria.

Also, we discuss how to beat “analysis paralysis” by remembering her acronym “A.B.L.E.”

Palak is a relatable, inspiring investor who offers great tips for anyone hoping to transition away from a 9-to-5… so check out this episode today, and share it with a friend or family member!

In This Episode We Cover:

Leaving her corporate job to take more control over her time
Why she’s OK paying capital gains tax rather than using 1031 exchanges
Flexing your “risk-taking muscle”
Using hard money for BRRRR projects
Creating “templates” to make investing easier over time
Criticisms of the BRRRR strategy
Why she sells off some of her BRRRR properties
Using local banks and credit unions
Her mantra: “Fortune favors the finance-savvy”
How her systems allowed her to buy 2 properties from India
Her “A.B.L.E.” method to escape analysis paralysis
How she bought 9 units for 40% off the list price
How she used a home equity loan to borrow $160K
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show368

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

367: Quitting Retail to Flip, BRRRR, and Design with Kara Beckmann Jan 30, 2020

7X-ing her income by leaving a so-so job to flip houses!

Today’s guest is Kara Beckmann, a rehabber and rental property investor who’s tearing it up in Scottsdale, Ariz., and on her Instagram page @beckmannhouse.

You'll be inspired by Kara's journey from pastry chef to retail worker to full-time investor funding deals with private and hard money. Kara shares some great tips for networking with wholesalers and builders to snag deals (to date, she's spent $0 on marketing).

You'll also learn how she maximizes profit by sticking to her rehab budgets, how she keeps contractors on deadline, and how she manages risk by outlining several different exit strategies.

Kara's story will motivate you to apply your own "unique ability" to your real estate business and overcome the fear that might be stopping you from doing your first or next deal!

Enjoy this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next one.

In This Episode We Cover:

How Kara learned saving habits at age 14
How she started thinking like an entrepreneur while working in retail
How she was motivated by not getting a raise in 5 years
Buying her first deal for $50K below asking price
Reinvesting profits from her first flip
Her apprenticeship with a general contractor
How she develops a scope of work and deadline
Why she doesn’t spend any money on marketing
Her networking tips
The challenges of investing without W-2 income
How she prepares several exit strategies for each deal
Where she gets inspiration for her designs
How she sticks to her budgets (the “price per square foot” method)
Incentivizing her contractors to complete work on time
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Webinar
BiggerPockets Money Podcast
BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)
BiggerPockets Conference
Zillow
Realtor.com
TikTok
Email: podcast@biggerpockets.com

Check the full show notes here: http://biggerpockets.com/show367

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

366: 40 Doors in His First 2 Years with Henry Washington Jan 23, 2020

From panicked newbie with just $1,000 saved to 40 rental units—in two years’ time!

On today’s show, we sit down with Henry Washington, a buy and hold investor from Arkansas who’s built a sizable portfolio while working full-time.

You’ll learn how Henry changed his mindset as he and his wife prepared to start a family and how he secured his first deal by doing something anyone can do—simply announcing to the world that he buys houses.

You’ll also learn how Henry built a deal pipeline by looking in places other investors didn’t, how he asked more experienced investors for help when he didn’t know what to do next, and how he does business with local banks to expand his portfolio.

Plus, Brandon and David dig into how to property screen tenants, how to decide when to flip or BRRRR vs. when to hold onto a rental, and how to use an online ad campaign to drive a steady supply of leads to your website.

This episode lays out a blueprint for building massive wealth. Just adapt it to your market, and work the process.

Don’t miss this one, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next!

In This Episode We Cover:

How “panic” drove Henry to start saving and investing
How he started his investment career by simply “paying himself first”
The list he used for his first (wildly successful) direct mail campaign
The lessons he, Brandon, and David took away from Rich Dad Poor Dad
Why he told people he bought properties (before he ever did!)
Why writing down his fears helps him conquer them
How he sought help from a more experienced investor on his first deal
How he used a 401(k) loan to buy a cash-flowing property
How he launched a Google Ads campaign to drive traffic to his website
The power of small, local banks to fund deals
Why he holds open houses rather than individual showings for tenants
Why the best real estate investors buy “situations,” not houses
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show366

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

365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading through Extreme Ownership (+ His Real Estate Investing Tips!) Jan 16, 2020

Decorated Navy SEAL commander. Author. Podcaster. And house hacker?!

Yes, Jocko Willink invests in real estate and shares some great tips… but that's not the only reason he's on the show today. And it's not the only reason why he's sure to be one of our most popular guests to date.

You see, Jocko looks at life's challenges differently. And after hearing his message, you might, too.

Contractor rip you off? Good. Rental property flooded? Good. Spent a bunch of money and never found a deal? GOOD!

Actually, great!

Now you can learn something about yourself. You can get tougher. You can improve.

That's the worldview Jocko outlines in his No. 1 New York Times bestseller Extreme Ownership: How U.S. Navy SEALs Lead and Win.

Today, we dive deep into how to apply this mindset to your business. PLUS, we discuss Jocko's philosophy on leading teams, managing risk, harnessing your ego, and foregoing comfort in pursuit of long-term goals like financial freedom.

You'll also love getting to know Jocko the real estate investor!

From buying a hoarder house filled with chicken bones to dividing his kids' bedrooms into "prison cell"-sized sleeping quarters, Jocko discusses how some sacrifice goes a long way toward creating financial freedom—even on a modest military salary.

Beware: by the end of this show, you might just be staring down your fears and greeting your biggest obstacles head-on with the word "good."

In This Episode We Cover:

What “extreme ownership” is and how it applies to real estate investing
Fixing up creepy, run-down houses in Southern California in his 20s
Why Jocko recommends house hacking for men and women in the military
How joining the Navy gave him purpose
His approach to Navy SEAL BUD/S training
The lessons he learned from the Great Recession—even though it didn’t personally affect his finances
Avoiding "lifestyle creep"
Considering the worst case scenario before taking risks
How to harness your ego for good
What he says when people push back against the idea of extreme ownership
Why he writes books for kids (and why some adults like those books best)
And SO much more!

Links from the Show

Click here to check the full notes: http://biggerpockets.com/show365

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

364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl Jan 09, 2020

Ever been interested in making money with short-term rentals but feel there’s just too much you don’t know? Welcome to the club!

On today’s show, Brandon and David interview Avery Carl, a short-term rental (STR) investor who opens up the playbook and shows us what she’s doing and how she’s doing it! Avery shares the apps, software, and systems she uses to manage five STRs in under 30 minutes a week!

You’ll love her thoughts on self-management versus using a professional company, avoiding negative online reviews, and properly marketing your properties to maximize revenue. She also discusses how she diversifies risk in her portfolio, why she buys properties for 10% down, and what expenses she accounts for when analyzing deals that come across her desk.

Avery shares some fantastic insight into how to run a STR business with minimum time and intrusion, as well as some overall advice for knowing your market and minimizing your risk. Download this episode of the BiggerPockets Real Estate Podcast and see for yourself today!

In This Episode We Cover:

Where she’s currently buying
How she balances running a real estate team with investing
How she created systems to help manage her portfolio of vacation rental properties
The difference between self-management and using a management company
How she manages negative reviews online
Her advice for marketing your STR
The apps she uses to automate the STR business
How she buys her STRs with 10% down
What expenses she factors into her numbers for STRs
How she protects her investments from a possible recession
How she diversifies her risk between long-term and short-term rentals
How she uses her first properties when buying additional properties
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Real Estate Podcast
The Grey (movie)
Airbnb
iGMS Vacation Rental App
BiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan Holiday
BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
Email Us for Pro Deals: podcast@biggerpockets.com

Check the full show notes here: http://biggerpockets.com/show364

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

363: How to Work (Way) Less but Accomplish (Way) More in 2020 with Michael Hyatt Jan 02, 2020

Will 2020 be your best year ever?

Today’s episode has all the ingredients to make the answer a big, resounding “Yes!”

Bestselling author and productivity expert Michael Hyatt is here, and he guides us through how real estate investors should approach the year ahead.

You’ll love hearing how Michael’s eliminated virtually everything except his three highest-leverage, revenue-generating activities; how to steer clear of what he calls “drudgery zone” work; and how to find someone who actually enjoys those tasks you can’t stand doing.

And if you’re thinking, “Well, I’m not ready for that yet…” Michael has tips for how to get started by delegating just one task.

Michael has written extensively about three topics that touch every real estate investor: productivity (Free to Focus), goal-setting (Your Best Year Ever), and delegation (Your World-Class Assistant). Today, we cover them all in-depth.

So download this episode, make sure you’re subscribed to the BiggerPockets Real Estate Podcast, and start 2020 right!

In This Episode We Cover:

How Michael grew his company in a year while taking 162 days off per year
How “vague aspirations” set you up for failure
Why you’re 42% more likely to achieve your goals if you write them down
Why you shouldn’t have more than 3 goals at once
The keys to hiring a world-class executive assistant
The importance of a detailed, well-thought-out job description
The right way to document workflows
How to focus on your “Desire Zone”
How to offload tasks in the “Drudgery Zone”
The difference between goals and projects
Why he hired a world-class coach to teach him an obscure hobby
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show363

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

362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan Dec 26, 2019

Today’s show is centered around a big question we get ALL the time...

“How do I get my spouse/partner on board with my real estate investing goals?”

It’s the perfect time of year to think through exactly how to do that, and we have the perfect guests to offer some advice.

Jay and Wendy Papasan run an annual couples’ goal-setting retreat in Austin, Texas. Today, they walk us through the exercises they use to help couples (and business partners) confront uncomfortable questions and get on the same page.

Oh, and if you don’t know who Jay is, check out BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The ONE Thing with Jay Papasan and BiggerPockets Business Podcast 06: How to Manage Your Time Like a Millionaire with Jay Papasan.

Jay's wife, Wendy, is a real estate broker who leads a high-performing team that’s expanded into four cities.

In this episode, you’ll learn how to initiate a goal-setting conversation with your partner, what kinds of settings work best for this exercise, what questions to ask, and which timelines to use.

Also, stick around through the end to hear Wendy’s tips on using leverage and a “not to-do list” to apply your time and energy more efficiently and be happier.

This is a profound episode with two real estate rockstars. If you enjoy it, do us a favor and share it with YOUR spouse or partner… or pass it onto a couple who you think might benefit.

Download this one today, and make sure you’re subscribed to the show, so you won’t miss the next one!

In This Episode We Cover:

How Wendy and Jay started setting goals together 13 years ago
Applying the idea of a “leadership retreat” to your family
What settings work best for goal-setting with your spouse or partner
Navigating a relationship where one partner is an entrepreneur
Their answer to, “How do I get my spouse on board with real estate investing?”
Why most failures of leadership are failures of courage (Keith Cunningham)
How having tough conversations about goals can head off misunderstandings
How Brandon’s navigated balancing business with family
Why Gary Keller calls tough conversations “care-frontations”
Which time horizons are most useful when setting goals
Using the language of business in your marriage
Putting your marriage first, even when you have kids
Moving at the speed of communication
Delegating draining tasks to help you keep more energy for yourself and your family
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show362

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

361: Using $3,500 to Kickstart an "Unsexy" Investment Empire with Tristan Thomas Dec 19, 2019

Traveling the world on mobile home cash flow at 26 years of age? Yes, it’s possible!

On today’s show, Brandon and David interview Tristan Thomas, a mobile home park investor who parlayed a few thousand dollars into a life of financial freedom.

Tristan shares some great info regarding how he chooses his markets to invest in, how he finds deals in those markets, and some of the key differences to holding title to mobile homes compared with traditional real estate.

He also shares a fantastic perspective on how using “rent-to-own” financing can eliminate maintenance and repair costs, motivate your tenants to take better care of the property, and help you build wealth with very little of your own money.

Tristan is a great example of how to find financial freedom at ANY age and shares exactly how he did it himself! Download this inspirational episode today, and subscribe to the podcast in your favorite app so you won't miss the next show.

In This Episode We Cover:

How Tristan got into mobile homes
How he finds deals in today's market
The key differences to holding title to mobile homes compared with traditional real estate
How to use “rent-to-own” financing to eliminate maintenance and repairs costs
How to motivate your tenants to take better care of the property
How to build wealth with very little of your own money
Making a 100% return on investment within 12 months
His 5 biggest lead generators that are all free
The criteria he looks for to find the best mobile home deals
Getting into real estate investing for financial freedom
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show361

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

360: Leveraging Virtual Assistants and Automation to Build a $2M Portfolio with Stephanie Cabral Dec 12, 2019

Have you ever wanted to invest in real estate but aren’t ready for a full-time commitment? Today’s guest has figured out just how to do so, and she’s sharing it all with you!

Stephanie Cabral is a lawyer, real estate agent, and investor out of Connecticut, who has figured out how to make money from residential real estate ownership while working two full-time jobs.

On today’s show, Stephanie breaks down how she saved $100K on one deal, developed an automated direct mail system, and successfully used the often-confusing 203k loan program.

You’ll love her advice on automation/delegation and investing in single family homes. Plus, she talks about what she looks for in her market, and shares her thoughts on the next big change in real estate in the near future. You’ll also find some great tips regarding managing properties yourself and hiring and using virtual assistants to save you time.

Download this one today, and share it with a friend or family member who would benefit!

In This Episode We Cover:

How Stephanie defines “administrative stamina”
How she took out a HELOC on her first property
How she got a $100K discount on her first property
Why she invests in single family homes
How she uses VAs to handle the heavy lifting of her RE business
Her theory on automation and delegation
How she’s using RE to get out of her legal practice
What she looks for in a good assistant
What she’s looking for in out-of-state markets
How she automated her direct mail system
Her advice for managing properties yourself
Her thoughts on the next big trend in RE investing over the coming 5-10 years
And SO much more!

Links from the Show

Check the full show notes at BiggerPockets: http://biggerpockets.com/show360

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

359: Using an Agent to Find Your First (or Next) Deal With Ryan Meinzer, Stephanie & Hero Cruz, and Rob Kishi Dec 05, 2019

You asked for it, and we answered! On today’s episode, Brandon and David interview three first-time home buyers, who all utilized the house hacking strategy in different ways!

Our first guest shares how he bought in the most expensive market in the country and lives for FREE by using several techniques anyone can replicate (while taking advantage of a massive value-add opportunity).

Our second guests share how they used house hacking to buy a BUSINESS that will generate over $20K in profit per month... while also eliminating the majority of their rehab costs and reducing risks and living expenses at the same time!

And our third guest shares how he took advantage of California’s recent ADU law revision to buy a property that will eliminate his living expenses while making him massive cash flow at the same time.

This episode covers FAQs—like how to use an agent to help you find a property, how to house hack in unique ways, and what to expect when buying your first property—and is guaranteed to get those wheels turning in your mind! Download this one, and share with a friend today!

In This Episode We Cover:

Ryan Meinzer
How he found the property
His unique angle on TIC (tenancy in common)
What he intended to do reduce his living expenses
How a sliding door turned out to be a blessing
What the requirements are to convert a TIC
Key lessons learned from this deal
Hero and Stephanie Cruz
The struggle of finding the right Realtor
Finding a property that needs less rehab
What is assisted living property
How much they earn from each room
Making more money to help more people
Rob Kishi
How Daivd and Rob were introduced during a meetup
Why he fell in love with idea of house hacking
What the property looks like
Investing with Mom
What ADU stands for
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show359

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

358: 6 Popular Strategies to Make You Money in TODAY’s Real Estate Market Nov 28, 2019

Have you been looking for the right way to find deals in today’s tough market?

Today’s show might be just what you’ve been looking for! Join us as Brandon and David sit down and bring out the gold nuggets on what’s working for successful real estate investors in today’s hot market.

You’ll learn six strategies that will help you land deals and build wealth, as well as detailed insight into how to pull them off successfully. You’ll want to hear this advice about how to find deals, how to set up your business, and how to protect your capital that not everyone is talking about!

For the second half of the show, Brandon and David share five “accelerants” that will help increase the level of your success once you’ve found the strategies that work for you.

This show is the first of its kind, and we think you’re going to love it. You spoke, we heard, and this is the content the people want.

Download and share this gem today!

In This Episode We Cover:

Strategy #1: BRRRR
Strategy #2: House Hacking
Strategy #3: House Flipping
Strategy #4: Vacation Rentals
Strategy #5: Wholesaling
Strategy #6: Syndication
Accelerants and how to pour fuel on the fire
OPM (other people’s money)
Value-add
Forced equity
Increased cash flow through additional units
Leveraging others (core four)
Finding deals from your sphere of influence
Funnels
Partnerships
Personalities
Skill sets
Resources
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show358

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

357: $6M Portfolio Before Age 30 by Finding "Problem" Properties with "Meet Kevin" Paffrath Nov 21, 2019

YouTube sensation alert!

On today’s show, Brandon and David sit down with real estate investor and agent Kevin Paffrath of “Meet Kevin” on YouTube.

Kevin is young and doing great with real estate from several angles! He's built millions of dollars in wealth through single family properties in Southern California and shares some fantastic advice that will help you do the same.

You will love his advice regarding what he looks for in rehabs, what he avoids, and how he LOVES finding properties with problems! He also discusses how he found a deal holding an open house, how he avoids paying taxes on his profits, and how he was able to buy a house with his girlfriend while working at Jamba Juice!

This episode is high-energy, fun, and full of great practical advice for newbies and experienced investors alike.

In This Episode We Cover:

Buying his first property while working at Jamba Juice
How he bought with PMI, then removed it later
Why he invests as an agent
Why he tracks his net worth
Common problems that prevent investors from building wealth
Buying the majority of his properties from the MLS
How he talks to other agents to get deals sent to him
Finding a deal while holding an open house
Why buying SFR to build equity then exchanging into multifamily is a great strategy
Avoiding paying taxes
Looking where others aren’t for deals
How he still buys homes that get multiple offers
Why he DOESN'T want cash flow right now
A walk through of his latest rental
Attracting quality tenants
The best kind of relationship with real estate agents
The problems he avoids in rehabs
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Pro
Email: podcast@biggerpockets.com
David's Instagram
Brandon's Instagram
BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
BiggerPockets Youtube
BiggerPockets Meetup
BiggerPockets Webinar Replay

Check the full show notes here: http://biggerpockets.com/show357

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

356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah Nov 14, 2019

Want to build massive wealth in a top-end rental market that’s also really expensive—all while minimizing your risk? Don’t we all!

Well, you’re in luck, because today’s guest has done just that—and in a surprisingly simple way that anyone can replicate. On today’s show, Brandon and David dig deep into the strategy used by Joe Asamoah, a Washington, D.C. investor, who owns more than 30 single family homes that are currently building him massive wealth!

You will be absolutely fascinated as you hear how Joe uses HUD housing vouchers to generate big returns in high-end areas while also reducing his risk to survive tough markets. Joe also shares some amazing tips for how he keeps tenants for 15 years at a time, including how he creates a huge demand for his homes, which kinds of properties he targets, and how he gets deals brought to him before anyone else.

Joe goes on to reveal some extremely effective tips regarding how to treat your tenants so well they never leave, how to convince lenders to work with you, and why he visits potential tenants in their current homes on short notice.

This show is chock full of extremely practical advice anyone can follow, not to mention useful tips for high-level real estate investing. This is an episode you will listen to several times and walk away extremely inspired.

In This Episode We Cover:

Why he targets 5-bedroom houses
Why the greatest HUD demand is for 4-, 5-, and 6-bedroom homes
HUD requirements for what qualifies as a bedroom
The advantages of investing in a capital city
Why he rehabs his properties to HGTV-grade quality
Why he visits potential tenants at their current homes
Why he sends his tenants flowers on Mother’s Day and presents for Christmas
Why he rewards his tenants' children for good grades and even offers vacations for tenants
How his model is designed to be recession-proof
Why he has a 20-page lease
Why he focuses more on reducing expenses than he does on increasing rents
Why he hired an assistant to manage his properties instead of using a traditional property manager
And SO much more!

Links from the Show

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

355: From Small-time Landlord to 1000+ Units Under Contract with Ryan "The Mercenary" Murdock Nov 07, 2019

From Bangor, Maine to Maui... by providing massive value!

If you’re looking for a mentor, partner, or lender, this episode is for you. You’ll learn how Ryan Murdock went from small-time landlord/property manager to major player in Brandon’s growing mobile home park empire; how he’s the perfect complement to Brandon’s DISC profile; and how they find, underwrite, and finance multi-million dollar deals.

Ryan is a modest, down-to-earth guy with a keen awareness of his own strengths and weaknesses, and this episode will show you how you can develop that quality to find the right partner and level up your business (and life!).

Don’t miss this one, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss out next week!

In This Episode We Cover:

How Brandon and Ryan met
What Ryan did that caused Brandon to pump his brakes and start paying attention
How they slowly formed what became one of the most dynamic duos in real estate
The attitude Ryan embraces that makes him so valuable
How he earned an equity stake in a huge company
How they’ve hired additional members to help grow the business
Learn how to create the “vivid vision” Brandon came up with
How they joined forces to create “rocket fuel” and scale their syndication model
And SO much more!

Links from the Show

Listen on BiggerPockets: https://www.biggerpockets.com/show355

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

354: From Rookie Mistakes to Syndicating BIG Deals with Nichole Stohler Oct 31, 2019

From single family to multifamily to hotels!

On today’s show, Nichole Stohler sits down with Brandon and David and discusses her journey from purchasing a single family home to syndicating hotels! Nichole has a fascinating story that started with losing the first house she bought, grew into recommitting herself to learning the asset class of real estate, and ended with massive success through big deal syndications.

You’ll love the advice she shares about managing managers, scaling the right way, and dealing with tenants according to three irrefutable laws. She goes on to discuss keeping properties clean, choosing the right partners, and analyzing economic factors when choosing a hotel or apartment complex.

Nichole reveals tons of great tips when it comes to building wealth through various asset classes of real estate. This show has something for everyone!

In This Episode We Cover:

Her 3 irrefutable rules for dealing with tenants
How she scaled from SFH to multifamily and hotels
How she manages her managers
What she learned from her first deal that lost her money
Why she committed to really learning the asset class of real estate
Why having clean apartments is so important to tenant relations
Why so many investors make the mistake of not focusing on asset management
Why she turned to hotels when she couldn’t find anything in the multifamily space
How the 1031 exchange impacted her capital gains and depreciation recapture
Which economic drivers she looks for when choosing a property to buy
What she’s learned about operating syndications in the hotel space
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Pro
Email Us: podcast@biggerpockets.com
BiggerPockets Podcast 345: “Vivid Visions” and 90-Day Sprints—Brandon’s Approach to Mobile Home Park Investing (and Life!)
BiggerPockets Events
GoodReads
Jo Nesbo
Camilla Läckberg
BiggerPockets Bookstore

Check the full show notes on BiggerPockets: http://biggerpockets.com/show354

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

353: Turning $5k into $5k/Month and Retiring at 40 with Tim Rhode Oct 24, 2019

“Trading up” to successfully retire financially free at 40!

On today’s show, Brandon and David interview retired real estate broker Tim Rhode, who explains how he was able to buy great deals and 1031 exchange them into financial freedom!

Tim shares some fantastic advice on playing great financial defense to achieve an early retirement, crushing it in real estate sales, and locking up deals during his first conversation with sellers.

Tim also shares how knowing his market led to him making hundreds of thousands buying land in the path of progress, how to build a “fulfillment triangle," and how he recognized the market turning in 2006 and cashed out before losing money.

Tim has a huge heart, is committed to helping others get out of the rat race, and shares some incredible advice on how to do so. Make sure you listen for his description of the several levels of financial freedom and his belief that those who make it to the top of the mountain should throw down the rope for the rest still climbing. Download this one today!

In This Episode We Cover:

Levels of risk tolerance
Delegating things you're not good at
How he got into real estate sales
Playing great "defense"
Not caring about what others think
How he invested everything left over that he didn’t spend
How he bought his first property—a triple wide mobile home—for 50 cents on the dollar
Using his influence as a broker to get great deals before they hit the market
How he bought land in the path of progress
How he exchanged several good deals by “trading up” into a triple net lease commercial property out of state
His philosophy on timing markets
His “fulfillment triangle”
The power of the 1031 exchange
Which houses he flipped and which he kept
How he retired at 40 years old
The multiple levels of financial freedom
The financial freedom principles he teaches in his non-profit
Where he believes we are in the current market cycle
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Podcast 326: Health, (Big) Wealth, and Total Accountability With David Osborn, Pat Hiban, Tim Rhode (and Josh!)
Firestarter BiggerPockets
Wayne Dyer
Tom Hopkins
Zig Ziglar
BiggerPockets Bookstore
GoBundance
BiggerPockets Pro
Email Us: podcast@biggerpockets.com

Check the full show notes on BiggerPockets: http://biggerpockets.com/show353

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

352: Bonus Audiobook Excerpt: The House Hacking Strategy Oct 19, 2019

Prefer to listen, rather than read?

Here's a sample of the audio format of "The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom," by BiggerPockets' own Craig Curelop.

In it, you'll hear:

An overview of the "unfair advantages" house hacking offers
A breakdown of varying house hacking techniques
A real-life case study illustrating the above

You can find the full audiobook here bit.ly/househackaudible.

And don't forget, Audible is running a special deal for BiggerPockets Real Estate Podcast listeners!

If you're not yet a member, go to http://www.audibletrial.com/biggerpockets to get a free Audible book and a free 1-month subscription.

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

352: No Driver’s License, No Money, No Excuses: How Diego Corzo Blazed a Trail to 18 Doors Oct 17, 2019

Eighteen doors by 29 years old by never taking no for an answer! We realize there are a lot of inspirational investors out there, but on today’s show, you’re going to be blown away by one of the best.

Brandon and David sit down with Diego Corzo, a “DREAMer” who moved to the United States with his family at a young age. Fast forward a few years, and Diego jumped headfirst into real estate investing, using house hacking strategies that will work for anyone.

You will be blown away by Diego’s story of how he rode a bike (with his suit in a backpack to avoid getting it sweaty) when he couldn’t get a driver’s license, how he got on the fast track to becoming a millionaire, and how he overcame a speech impediment, going on to give a TED talk!

You will love his fantastic advice on what to look for in a house hack property, which areas to look when investing, and how to target the perfect tenant market. You’ll also appreciate his thoughts on avoiding drama between roommates, vetting turnkey companies, and structuring partnerships. Diego goes on to share some solid info about why he prefers “B” neighborhoods over “C” and why doing your own math is so important when analyzing deals.

This guest is truly an incredible person with an incredible story—not to mention some pretty fantastic investing advice.

Don’t miss out! Download this episode today, and make sure you're subscribed to the BiggerPockets Real Estate Podcast so you won't miss the next one!

In This Episode We Cover:

How Diego owned 18 doors by 29
How he overcame not having a driver's license
What adversity can teach you
How he got on the fast track to becoming a millionaire
How he overcame his stutter to go on to do a TED talk
How he invests out of state
What he looks for in a home to house hack
How he bought his first property
How he bought a property with his father
Why he prefers “B”-class properties over “C”-class properties
How he vets turnkey companies
Why doing your own math is so important
What he looks for in someone he can trust
What he recommends in terms of choosing an area
His advice for structuring partnerships
How he recommends avoiding drama with roommates in a home
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show352

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

351: LIVE from BPCon2019: Ask Us Anything! Oct 13, 2019

All the BiggerPockets podcast hosts on stage in one place!

This bonus episode was recorded at the BiggerPockets Conference 2019 on October 7th in front of a live audience of more than 1,000 people at the Gaylord Opryland Resort in Nashville, Tenn.

We turned the mics over to our members, who fired a bunch of great questions at Scott Trench and Mindy Jensen, Brandon Turner and David Greene, Joshua Dorkin, and J and Carol Scott.

Our panelists covered some nitty gritty real estate topics, like tackling vacancy and how to invest IRA funds, as well as big-picture concepts like motivation, marketing, and teaching family members the importance of investing at an early age.

Also, everyone reveals which animal they would be if they had to choose, and a member of the audience challenges David Greene to produce an analogy on the spot. Listen to find out whether he performed under pressure!

Our first conference in seven years was a big success, and we’re so thankful to everyone who came out to learn, network, and have a great time.

Download this bonus episode, and be sure to subscribe to all three shows BiggerPockets Real Estate Podcast, BiggerPockets Money Podcast, and BiggerPockets Business Podcast so you won't miss an episode.

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

351: Unlocking Greater Focus, Creativity, and Happiness Through “Stillness” with Ryan Holiday Oct 10, 2019

Stop whatever you are doing and download this episode right now!

Today’s show is highly likely to change your life in ways you may not have even realized it needed changing! Brandon and David sit down for an amazing interview with Ryan Holiday, keynote speaker and bestselling author of Ego Is the Enemy, The Obstacle Is the Way, and Stillness Is the Key.

And Ryan does not disappoint! You will be blown away with his advice regarding how we talk ourselves into buying deals we know we shouldn’t, how he conducts cost/benefit analysis on different opportunities that come his way, and how he’s learned to avoid “success” when it will cost him more than it’s worth.

Ryan also shares some mind-blowing knowledge about why we make bad decisions; why working harder isn’t always better; and how to identify virtues or skills you are lacking in a given situation, so you can figure out the path to the result you want. In addition, he shares how he models himself after the best and brightest minds he knows, how he believes in the power of journaling, and how important it is to put your strongest energy into the pursuits that will yield the highest ROI.

This show is simply an incredible breakdown on human performance, goal setting/reaching, and using real estate to accomplish what really matters in life.

Download this one today and buckle your seat belt!

In This Episode We Cover:

How to let your individual trials help you grow by how you respond
How to recognize why you made bad decisions
How to avoid worse decisions
Why he invests in short-term rentals
What he means by “stillness is the key”
How to become something better
Why “working harder” isn’t always the best answer
How success can actually become a trap for us
How our best ideas can come from time away to think
How to model ourselves after the best, brightest, and most successful minds
Why he believes so much about the power of journaling
How to create routines that free your mind to reach new heights
How to put your energy into efforts that lead to a better ROI on your time
And SO much more!

Links from the Show

Listen on BiggerPockets: http://biggerpockets.com/show351

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

350: How to House Hack Your Way to Financial Freedom in 3 Years with Craig Curelop Oct 03, 2019

Ever wanted to break into real estate but just weren’t sure how to take that first step? You're not alone!

Almost all investors struggled with their first deal. But today’s guest may be just what you needed to get your foot in the door! On today’s show, Brandon and David dive deep into the mind of Craig Curelop, the author of BiggerPockets Publishing's new book The House Hacking Strategy.

Craig shares some incredible advice on how he eliminated his living expenses and earned as much as one could from a full-time job through house hacking—all by age 26! Craig breaks down just how simply you can get your first property with less than 5 percent down and turn it into a wealth-building machine that will help you achieve a “return on your potential” you may not have realized you’re currently lacking.

You’ll learn what to look for in a house hack, how to find the “path of progress” to start your search, and which straightforward criteria we can all use when searching for deals. You’ll also hear how to make “hedonic adaptation” work for you, how to exchange comfortability for profitability, and how to decide which property would work best for your specific situation.

We ALL want to own more real estate, and we all need somewhere to live. On today’s show, you’ll learn how to combine those two needs to build wealth and save money at the same time.

Download this one today!

In This Episode We Cover:

Why he left Silicon Valley to build wealth through real estate
How he bought his first house hack
Why house hacking is so effective for establishing financial freedom
His scale of comfortability vs. profitability
Who should house hack
Why expensive markets are the best places to build wealth through real estate
The importance of solid metrics in a potential house hack
How he gets in front of the “path of progress” to maximize returns
How to take advantage of low down payment options to snag properties that earn income
How house hacking allows you to find the “return on your potential”
How to make “hedonic adaptation” work for you, not against you
And SO much more!

Links from the Show

You can listen on BiggerPockets here: http://biggerpockets.com/show350

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

349: Multifamily Flipping and Due Diligence Tips to Save Thousands with Nathan Tabor Sep 26, 2019

Apartment flipping from one of the best in the biz!

On today’s show, Brandon and David sit down with Nathan Tabor, a well-known multifamily investor who has done 26 multifamily flips in less than 10 years! You will love this informational and oftentimes hilarious episode, where Nathan shares some fantastic advice on how to flip apartments for big returns, what to look for in a deal, and which five incredible pieces of due diligence every investor needs to know.

You’ll also love his straightforward direction regarding questions to ask the county zoning department, great advice for raising money, and some mind-blowing insight into who actually owns fire hydrants!

This show is a very fun listen with tons of talk about dealing with rejection, finding the niche that’s perfect for you, and applying information you already know. Nathan's story is sure to change your mindset and confidence when it comes to taking action in your life. Make sure you listen today!

In This Episode We Cover:

How title insurance works
How to check with the zoning department to make sure you don’t get burned
How to file a claim for title insurance
His fantastic advice for due diligence checklists
His advice for finding your niche
The benefits of niching down
How to find your passion and inner focus
How to handle the fear of rejection
The key to applying information you have in your life already
How to flip an apartment or apartment complex
Advice for raising money
How to understand what a cap rate is
Why multifamily may be less risky than single family
And SO much more!

Links from the Show

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

348: Full-Time Job, Full-Time Mom, and Full-Time Wealth From Rentals with Ashley Kehr Sep 19, 2019

Today’s guest is proof rental property investing can be fun, rewarding, and—with the right systems in place—totally doable… even with a job and a family.

Ashley Kehr sits down with Brandon and David and shares some great advice for building a rental property portfolio without much hassle or headache! Ashley manages all her own rentals and discusses the top three apps she uses to do it with ease. She also shares how she structures her partnerships, how she pitches her deals, and how she’s finding deals in today’s hot market.

Ashley gives great advice for what most newbies get wrong about investing, which apps she uses to find off-market property owner info, and how she uses her children to help her find potential deals! Plus, you won’t want to miss how Ashley helped her sister buy a duplex (and spend just $45 a month to live there), as well as how she bought a property no one else wanted, pulled $6,000 more out of it than she put in, and created a cash flow of almost $1,000 a month!

Today’s show is fun, entertaining, and full of great advice for investors of all levels. Download this one today!

In This Episode We Cover:

3 apps Ashley uses to remove herself from the business
How she uses technology to systemize her rural business
How she structured her first partnerships (with ease!)
Where she's finding deals
How she used her current job and boss to get into investing
What newbies get wrong about the reality of investing
How she uses apps to find off-market deals
Using her children to find deals while driving in the car (a fun family game!)
How she helped her sister buy a duplex at 20 years old
How she bought a property for each of her kids
How she set it up to be paid off and refi-ed by college
How she uses a commercial line of credit to borrow money to buy new properties
How she finds properties on the MLS
Why she always tells everyone she buys rental properties
What her favorite parts of the business are
How she bought a property no one else wanted for $35K, pulled out $6K more than she put in, and cash flows almost $1K/month
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show348

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

347: Using Multifamily Syndication to Reach 5,000 Units with Mark and Tamiel Kenney Sep 12, 2019

On today’s show, a married couple who scaled to 5,000 units together!

Brandon and David interview Mark and Tamiel Kenney, a husband and wife team who buy large apartment complexes through the power of syndication. This mighty couple shares some great insight into how to find the right partner, how to set expectations with your agent (or team member) in the beginning, and how coming up with strict criteria helped them overcome their fear of getting started.

You’ll love their advice on what they learned in the first 12 months to help them land their first deal, how they split profits with investors, and which are the most important fundamentals for any multifamily investor to learn. You DO NOT want to miss their advice on following up after meeting with brokers or investors. Plus, they reveal the most common trait successful syndicators share.

Mark and Tamiel go on to share how they’ve struggled with—and overcome—the difficulties of balancing a demanding business while still carving out valuable family time.

Don’t miss this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next!

In This Episode We Cover:

- What to look for in partners

- How to have conversations with brokers and managers to set expectations

- What they learned in their first year that allowed them to land their first big deal

- The importance of strict criteria

- Mistakes they made that prevented them from being successful

- How they find deals their investors will want to invest in

- How to provide clarity to help investors feel comfortable moving forward

- How to use social media to build your database of partners, investors, and brokers

- Advice for standing out from other buyers when interacting with brokers

- How they split up the various tasks of their business

- How a typical syndication split looks in their deals

- What success looks like in their family and business

- Why learning the fundamentals is more important than complicating your business

- And SO much more!

Links from the Show:

Pacific North West Real Estate Wealth Expo

BiggerPockets Webinar

Monkeypod Kitchen

BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber