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BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

On the BiggerPockets Real Estate Podcast, co-hosts David Greene and Rob Abasolo interview real estate investors and entrepreneurs about successes, failures, and hard-earned lessons. Through in-depth conversations, 1-on-1 listener coaching calls, and news analysis, you?ll get a breakdown of real strategies that work for different niches and experience levels. Tune into the #1 real estate investing podcast every Monday, Wednesday, and Friday.

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Episodes

918: Creating Their Own Demand By Ditching the "Cookie-Cutter Flips" w/George and Heather Bassett

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Hear Dave and Henry On the ?On the Market? Podcast Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram 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 Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-918 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-03-20
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917: Seeing Greene: Can I Escape the Rat Race with Just $70K?

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!  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: 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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Hear James On the ?On the Market? Podcast David's BiggerPockets Profile David's Instagram James' BiggerPockets Profile James' Instagram BiggerPockets' Instagram Grab David?s Book ?Pillars of Wealth? Ask David Your Real Estate Investing Question 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 Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-917 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-03-19
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916: Crucial Contractor Tips to Avoid Renovation Disaster w/?Rico to the Rescue?

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Hear Henry and James On the ?On the Market? Podcast Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Watch "Rico to the Rescue" On HGTV Catch Rico On the Other HGTV Shows: Battle on the Mountain House Hunters: All Stars Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-916 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-03-18
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How to Get an Off-Market Seller on YOUR Side (+Most Common Objections) W/DealMachine

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube 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: David's BiggerPockets Profile David's Instagram Connect with Ryan: Ryan's Instagram Ryan's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-bonus-2 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-03-16
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915: BiggerNews: Why Mortgage Rates AREN?T Falling w/Caeli Ridge

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Dave's BiggerPockets Profile Dave's Instagram Hear Dave on The ?On the Market? Podcast Watch Dave on the ?On The Market? YouTube Channel Sign Up for BiggerPockets Pro to Attend the Market Intelligence Workshop 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 Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-915 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-03-15
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914: Deals We?re Doing: Rob?s Pink Pickle and How David Made $500K on ONE House914:

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube 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) Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-914 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-03-14
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913: 150+ Deals in 3 Years and Why You DON?T Want to Be a Landlord w/Don'nell Greer

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Hear Dave and Henry On the ?On the Market? Podcast Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram 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 Don'nell's Facebook Don'nell's Instagram Don'nell's LinkedIn Don'nell's Website 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-03-13
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912: Seeing Greene: Paying Off Rentals, Partnerships Splits, & Using Home Equity

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!  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: 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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Ask David Your Real Estate Investing Question Dave's BiggerPockets Profile Dave's Instagram BiggerPockets' Instagram 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 Matt's BiggerPockets Profile Matt's Instagram Connect with James James' BiggerPockets Profile James' Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-03-12
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911: The ?Value-Add? Playbook: How to Boost Equity and Bring in MORE Cash Flow

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Dave's BiggerPockets Profile Dave's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube BiggerPockets' Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-03-11
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910: Zillow?s ?Trends Expert? on How to Sell Your Home Faster (and For More!) w/Amanda Pendleton

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram Hear Dave and Henry On The ?On the Market? Podcast BiggerPockets' Instagram Zillow Data From Today?s Show: Zillow Research Page Best Interior Paint Colors for Selling Your House 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-03-08
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909: 6 Expert Tips for Out-of-State Real Estate Investing

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube BiggerPockets' Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-03-07
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908: $400,000/Year From One Unique Rental Property w/Amanda and David Fornelli

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Henry's BiggerPockets Profile Henry's Instagram Hear More From Henry On The ?On the Market? Podcast Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube BiggerPockets' Instagram How to Buy a Hotel: Breaking Down Tony?s FIRST Commercial Real Estate Deal Private Capital Explained: The 4-Second Pitch to Unlock Unlimited Funds w/Amy Mahjoory Stay At Yara Palm Springs - Instagram: @yarapalmsprings Stay At Yara Palm Springs - Website Connect with Amanda & David: Amanda Instagram: @_amandafornelli_ David Instagram: @davidjfornelli Portfolio Instagram: @nopali_properties Nopali Properties - Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-908 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-03-06
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907: Seeing Greene: $100K In Equity But NO Cash Flow, Should I Sell?

Where?d all the cash flow go? More than ever, rental property owners are waking up to find less and less mailbox money coming in every month. This is doubly true for those who used low down payments to house hack and turned their properties into full-on rentals. So, what do you do if you have a rental property giving you low, no, or negative cash flow? Should you sell it and swap it for another investment or ride it out, betting on future appreciation gains? We?re giving our thoughts in this Seeing Greene! As always, David and Rob are here to answer your pressing real estate investing questions. But resident yacht tycoon James Dainard also brings his twenty years of investing experience to the show to help this week?s rookie real estate investors. First, our very own Noah Bacon asks what he should do with a negative cash-flowing house hack that has six figures in tax-free equity. Then, we ask a question everyone wants an answer to, ?WTF is wrong with investors these days?? If you want to turn your house into a rental property, stick around because two more investors ask whether it?s worth it AND when you can start writing off those lucrative real estate tax deductions. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he?s going live so you can jump on a live Q&A and get your question answered on the spot! In This Episode We Cover: Whether to keep or sell a rental property that?s losing money every month Appreciation vs. cash flow and why SO many new investors get this wrong How to minimize your chance of negative cash flow by buying in THESE areas Why some real estate markets appreciate while others rarely see price growth Whether you should turn your primary into a rental property or buy an investment property instead Real estate tax deductions and how long you have to wait to write them off And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube BiggerPockets' Instagram James' BiggerPockets Profile James' Instagram Hear James On The ?On the Market? Podcast Ask David Your Real Estate Investing Question Landlord Tax Loopholes That?ll Help You Pay ZERO Taxes w/Matt Bontrager WTF is wrong with investors these days? Connect with Noah: Noah's BiggerPockets Profile Noah's Instagram: @makinbaconrei Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-907 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-03-05
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906: How to Become a Millionaire Through Real Estate Investing (Beginners!)

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube BiggerPockets' Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-03-04
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905: Fannie Mae: Multifamily Is STILL Undersupplied, Rent Growth Likely w/Kim Betancourt

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram BiggerPockets' Instagram Want More Up-to-Date Housing Market News? Check Out the ?On the Market? Podcast Multifamily Is at High Risk of Continuing Its Historic Crash in 2024?Here?s Why These 10 Markets Are Building the Most Multifamily Housing?How Can Investors Take Advantage? Fannie Mae?s Insights and Reports: All Research January 2024 Multifamily Market Commentary February 2024 Multifamily Market Commentary February 2024 Economic and Housing Forecast Connect with Kim: Kim's LinkedIn Kim's Profile - Fannie Mae Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-905 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-03-01
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904: Does the BRRRR Method Still Work in 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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob' Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube BiggerPockets' Instagram Grab The BRRRR Book How to Invest in Real Estate With the BRRRR Method 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-29
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903: 120 Rentals in 3 Years by Buying Multifamily During a BAD Market w/Brian Adamson

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob' Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube BiggerPockets' Instagram Beginner?s Guide To Investing In Your First Multifamily Property Multifamily Is Likely To Start Recovering in 2024?Here?s Why Book Mentioned in the Show SCALE by David Greene Connect with Brian: Brian's BiggerPockets Profile Brian's Facebook Brian's Instagram: @brianadamsonofficial Brian's LinkedIn Brian's Website   Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-903 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-28
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902: Seeing Greene: Investing WITHOUT Burning Out and What We?d Do With $1M

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. 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: 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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob' Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube BiggerPockets' Instagram Ask David Your Real Estate Investing Question Catch James on the ?On the Market? Podcast From DoorDasher to $1.5 MILLION in Real Estate (All at 22 Years Old!) w/Josh Janus Books Mentioned in the Show SCALE by David Greene Connect with James: James' BiggerPockets Profile James' Instagram   Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-902 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-27
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901: The 6 Beginner Steps to Take Before Investing in Real Estate

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob' Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube BiggerPockets' Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-26
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900: The Truth About Real Estate Investing in 2024 (What Investors NEED to Know) w/Brian Burke, J Scott, and Scott Trench

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Grab Dave?s New Book, ?Real Estate by the Numbers? Hear James on The ?On the Market? Podcast David's BiggerPockets Profile David's Instagram Dave's BiggerPockets Profile Dave's Instagram BiggerPockets' Instagram Past Episodes Mentioned in Today?s Show: Scott Webinar David Greene?s First Episode 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 BiggerPockets Profile Brian's Website Brian's Instagram Connect with J: J's BiggerPockets Profile J's Website and Socials Connect with Scott: Scott's BiggerPockets Profile 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-23
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899: The Renovations That?ll Instantly Increase Your Home Value (Part 2) w/James Dainard and Jessie Rodriguez

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Grab Dave?s New Book, ?Real Estate by the Numbers? Hear James on The ?On the Market? Podcast David's BiggerPockets Profile David's Instagram BiggerPockets' Instagram Unbelievable Returns from Flipping This New Type of Real Estate Did High Interest Rates Kill House Flipping? Connect with James James' BiggerPockets Profile James' Instagram Connect with Jessie Jesse's Instagram Jesse's LinkedIn Jesse's Website 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-22
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898: Making $175K in Instant Equity on Her First Real Estate Deal w/Lacey Russell and Sam Haack

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Grab Dave?s New Book, ?Real Estate by the Numbers? Hear Henry on The ?On the Market? Podcast Henry's BiggerPockets Profile Henry's Instagram BiggerPockets' Instagram 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 Sam's BiggerPockets Profile Sam's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-21
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897: Seeing Greene: Generational Wealth 101 and Getting Started in a Tough Market

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. 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: 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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Grab Dave?s New Book, ?Real Estate by the Numbers? Hear James on The ?On the Market? Podcast David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob' Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube James' BiggerPockets Profile James' Instagram BiggerPockets' Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-20
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896: The Renovations That?ll Instantly Increase Your Home Value (Part 1) w/James Dainard and Jessie Rodriguez

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Grab Dave?s New Book, ?Real Estate by the Numbers? Hear James on The ?On the Market? Podcast David's BiggerPockets Profile David's Instagram: @davidgreene24 BiggerPockets' Instagram Unbelievable Returns from Flipping This New Type of Real Estate Did High Interest Rates Kill House Flipping? Connect with James James' BiggerPockets Profile 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-19
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895: BiggerNews: How Climate is Exploding Insurance, Building, and Investing Costs w/Natalie Ambrosio Preudhomme

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Grab Dave?s New Book, ?Real Estate by the Numbers? Hear Dave on The ?On the Market? Podcast Watch Dave on the ?On The Market? YouTube Channel Dave's BiggerPockets Profile Dave's Instagram BiggerPockets' Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-16
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894: How to Buy a Rental Property in 90 Days (or Less!)

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Grab Dave?s New Book, ?Real Estate by the Numbers? Hear Dave on The ?On the Market? Podcast Watch Dave on the ?On The Market? YouTube Channel Dave's BiggerPockets Profile Dave's Instagram BiggerPockets' Instagram BiggerPockets Tools Mentioned in Today?s Video: Rental Property Calculator Rent Estimator BiggerPockets Bootcamps   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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-15
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893: 2024?s New BRRR Strategy: BUILD, Rent, Refinance, Repeat w/Natalie Cloutier

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast 4 Vital Points to Consider BEFORE Getting Into New Construction How Much Does It Cost To Build A House? Dave's BiggerPockets Profile Dave's Instagram: @thedatadeli Henry's BiggerPockets Profile Henry's Instagram: @thehenrywashington BiggerPockets' Instagram Connect with Natalie: Natalie's BiggerPockets Profile 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-14
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892: Seeing Greene: How to Retire with Real Estate and Negotiate Your Loans

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! 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 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-13
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891: How to Negotiate a Deal When It's Under Contract

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube BiggerPockets' Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-12
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890: 100% Bonus Depreciation Coming Back? (Do NOT File?Yet) w/Brandon Hall

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 Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the ?On The Market? Forums Subscribe to The ?On The Market? YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram 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 BiggerPockets Profile 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-09
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889: How to Build Generational Wealth Without Losing it Along the Way w/Whitney Elkins-Hutten

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-08
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888: 25 Properties at 27 Years Old by Building His Own Rentals w/Donovan Adesoro

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-07
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887: Seeing Greene: Your Last Chance Before the House-Buying ?Tsunami? Hits?

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.  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: 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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Ask David Your Question Dave's BiggerPockets Profile Dave's Instagram David's BiggerPockets Profile David's Instagram Henry's BiggerPockets Profile Henry's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-06
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886: How to Choose a Real Estate Investing Market (Step-by-Step)

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Ask David Your Question Dave's BiggerPockets Profile Dave's Instagram David's BiggerPockets Profile David's Instagram Henry's BiggerPockets Profile Henry's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-05
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885: BiggerNews: America's Path to "Renter Nation" as Prices Rise, Rates Stay Put w/J Scott

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Ask David Your Question Dave's BiggerPockets Profile Dave's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-02
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884: How to Use "Hard Money" to Flip Houses, BRRRR, or Buy More Deals w/Will Heaton

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Ask David Your Question Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-02-01
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883: From Homeless at 17 to Solving the Affordable Housing Crisis for a Profit w/Terrica Lynn Smith

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Ask David Your Question Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube Henry's BiggerPockets Profile Henry's Instagram 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 Terrica's Facebook Terrica's Instagram Terrica's LinkedIn Terrica's Website Terrica's X/Twitter 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-01-31
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882: Seeing Greene: How Do I Start Investing When There?s NO Cash Flow?

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! 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: 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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-01-30
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881: How to Use Home Equity, 401(k)s, or IRAs to Invest in Real Estate w/Kyle Mast

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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-01-29
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880: How to Get a Home Loan as a House Hacker, Investor, or First-Time Homebuyer w/David Mackin

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Dave's BiggerPockets Profile Dave's Instagram 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 BiggerPockets Profile David's LinkedIn David's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-01-26
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879: How to Buy a House in 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-01-25
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878: The Low-Risk ?Micro-Flips? ANY Beginner Investor Should Try w/Antoine Martel

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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-01-24
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877: Seeing Greene: DON?T Pay Off Your HELOC Until You Hear This...

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.  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: 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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Henry's BiggerPockets Profile Henry's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-01-23
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876: Huge Opportunity for New Multifamily Investors As Prices Set to Drop w/Brian Burke and Matt Faircloth

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Dave's BiggerPockets Profile Dave's Instagram 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: Matt's BiggerPockets Profile Matt's Website Matt's Instagram Connect with Brian: Brian's BiggerPockets Profile Brian's Website 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-01-22
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875: BiggerNews: Top ?Snowbird? Rental Markets with Year-Round Cash Flow w/Kristen Taylor

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Dave's BiggerPockets Profile Dave's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-01-19
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874: How to Invest in Real Estate in 2024 (Step-by-Step)

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Rent Estimator Rental Property Calculator Investment Properties for Sale Hear More from Dave On the ?On the Market? Podcast Book Mentioned in the Show Start with Strategy by Dave Meyer Connect with Dave Dave's BiggerPockets Profile Dave's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-01-18
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873: Replacing Her HUGE W2 Salary in Just 3 Years w/ "Negative" Equity Rentals w/Kate Lynch

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Henry's BiggerPockets Profile Henry's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-01-17
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872: How to Turn Your Primary Residence into a Rental Property

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Henry's BiggerPockets Profile Henry's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-01-15
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871: BiggerNews: Why the Crash Predictors Are Wrong About a Foreclosure ?Crisis? w/Rick Sharga

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Dave's BiggerPockets Profile Dave's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-01-12
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870: The Real Estate ?Strategy? ANYONE Can Use to Build Wealth in 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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and 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 Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube 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: Dave's BiggerPockets Profile Dave's Instagram 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-01-10
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