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BiggerPockets Real Estate Podcast

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BiggerPockets

Want financial freedom through real estate investing? Then the BiggerPockets Real Estate Podcast is for you. Sit down every Monday, Wednesday, and Friday with Dave Meyer, the Head of Real Estate at BiggerPockets, as he uncovers tried and true tactics and shares candid conversations with real estate investors who are building wealth in today’s market. Join Dave to walk through deals that went right (and wrong) and learn the strategies you can deploy—start growing your side income today to take control of your financial future.

#1069

Landlords, What Are Your Wildest Tenant Stories?

Every [landlord] (https://www.biggerpockets.com/blog/what-is-a-landlord) has some wild [tenant stories] (https://www.biggerpockets.com/blog/true-tenant-nightmare-stories) . We’re sharing the ones you probably won’t believe in this episode. And we’re not just talking about a bad eviction or an upstairs neighbor blasting loud music. Instead, we’re talking about identity theft, living room toilets (this actually happened), random people sleeping on YOUR couch, and the mystery of the magically appearing staircase. Being a landlord isn’t always easy, but some stories make real estate investing truly worth it. We’ve seen some of our tenants turn their lives around completely, all by having a safe place to live. Even with all the chaos, broken toilets, non-paying tenants, and occasional hard conversations, being a landlord can be pretty rewarding. Do you have a tenant story you want to share? Drop it in the [BiggerPockets Forums] (https://www.biggerpockets.com/forums) ! In This Episode We Cover: Why you MUST have a (secured) separate entrance when [house hacking] (https://www.biggerpockets.com/real-estate-investing/house-hacking-strategy) The reason Henry now double-checks the identity of his tenants before signing a lease with them Turning [bad tenants] (https://www.biggerpockets.com/blog/horrible-tenants) into good friends by taking shots with them What to do when your tenants turn your living room into a bathroom (this one was pretty bad) Why taking a chance on a tenant isn’t always a bad thing and how being a great landlord can turn people’s lives around And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Landlord the Right Way with “The Book on Managing Rental Properties”] (https://store.biggerpockets.com/products/the-book-on-managing-rental-properties?utm_source=owned_media) [Property Manager Finder] (https://biggerpockets.com/findapm) [12 Tenant Nightmare Stories I Swear Are Actually True] (https://www.biggerpockets.com/blog/true-tenant-nightmare-stories?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Henry] (https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Who's In My House?! (05:20) My Tenant Isn't Really My Tenant... (12:04) Taking Shots with My Tenant (16:39) They Did WHAT in the Living Room? (25:53) The Tenants Everyone Wants (29:35) Tenant Turning His Life Around Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1045] (https://www.biggerpockets.com/blog/real-estate-1045) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

23 hrs Ago

41 MINS

41:12

23 hrs Ago

#1068

Financial Freedom in 8 Years by Investing for Equity (NOT Cash Flow)

What if, within ten years, you could reach [financial freedom] (https://www.biggerpockets.com/blog/financial-freedom-at-the-lowest-barrier-of-entry) ? Imagine it. You may have a high-stress job where you’re working long hours and making good money but feeling [burnout] (https://www.biggerpockets.com/blog/2013-12-31-avoiding-burnout-goals-great) creeping in. You NEED an exit strategy if you’re going to keep up with this lifestyle because before long, you may need an early retirement. That’s precisely how Benjamin Aaker, emergency medicine physician, felt. Benjamin loves his work, and he’s still working today, but now, he has the option to leave when the burnout gets too much. After becoming an “accidental landlord,” Benjamin quickly saw the benefits of investing in real estate. He bought a few more houses and a multifamily building, then went bigger and bigger. Now, he’s equity-rich with a real estate portfolio that can support his lifestyle if he decides not to work. Even if you’re not stressed out at your job (yet), Benjamin encourages you to financially prepare to exit your career, if just for peace of mind. He talks about how you can scale smarter, faster, and better with partners, why sometimes you need to get dirty to succeed in real estate, and how to juggle investing with your full-time job. In This Episode We Cover: How to [scale your real estate portfolio] (https://www.biggerpockets.com/blog/building-scaling-real-estate-portfolio) fast and reach financial freedom The crucial mistake Benjamin made when he bought his first big property Determining your financial independence timeline and when you want to be able to quit [Appreciation vs. cash flow] (https://www.biggerpockets.com/blog/invest-for-real-estate-cash-flow-or-appreciation-in-high-interest-rate-environment) and the surprising choice Benjamin made to reach financial independence faster Vetting a [real estate partner] (https://www.biggerpockets.com/blog/real-estate-investing-partnership-types) BEFORE you invest and red flags to look for Syndication investing for beginners and using other people’s money to buy real estate And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Invest in Turnkey Properties with REI Nation] (https://info.reination.com/qr?utm_campaign=Bigger%20Pockets%20-%20YouTube%20QR%20Overlay%20Ad&utm_source=youtube&utm_medium=paidsocial) [Grab “The Intention Journal”] (https://store.biggerpockets.com/products/the-intention-journal?utm_source=owned_media) [Find an Investor-Friendly Agent in Your Area] (http://biggerpockets.com/agentmatch) [How to Build a Real Estate Portfolio & Quickly Scale Your Investments] (https://www.biggerpockets.com/blog/building-scaling-real-estate-portfolio?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Benjamin] (https://www.biggerpockets.com/users/benjaminsf?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (00:48) Got a High-Stress Job? (02:30) The “Accidental” Landlord (03:54) Becoming Work-OPTIONAL (10:22) Equity Over Cash Flow (14:31) Multifamily and BIG Syndication Mistakes (23:55) A Really Crappy Problem (27:30) Finding (and Vetting) Partners (30:35) WAY Bigger Deals Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1045] (https://www.biggerpockets.com/blog/real-estate-1045) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

18 Nov 2024

40 MINS

40:20

18 Nov 2024

#1067

BiggerNews: How Much of a Return Should Your Investment Property Produce?

[What makes a “good” real estate deal] (https://www.biggerpockets.com/blog/definition-good-deal-real-estate) in 2025 and beyond? How much of a return should your investment property be producing? Are real estate returns good enough in this tough housing market to beat out other performing assets like stocks? Today, we’re sharing our exact investing criteria, defining what makes a “good” real estate deal to us, and how you can use key indicators to identify deals worth the effort. We’re breaking this episode into a few parts as we touch on the primary types of investment properties: long-term rentals, [short-term rentals] (https://www.biggerpockets.com/guides/the-ultimate-guide-to-short-term-rental-properties) , and house flips. Garrett Brown is our resident vacation rental expert and shares how he’s routinely getting twenty percent (or greater) returns by reinvesting in his short-term rentals. Next, familiar face James Dainard discusses the unbelievable house-flipping returns he nets, but are they worth the risk? Finally, Dave shares the metric he goes after when investing in long-term, low-risk [rental properties] (https://www.biggerpockets.com/blog/are-rental-properties-a-good-investment) . Plus, we’ll share when it’s a better use of your money to reinvest in your current properties vs. going out and buying new ones! In This Episode We Cover: What makes a “good” real estate deal in 2025 and beyond The massive return James is making with [house flipping] (https://www.biggerpockets.com/guides/how-to-flip-houses) (and the HUGE risks he takes) Garrett’s unique short-term rentals pulling in twenty percent (or higher!) average returns [IRR (internal rate of return)] (https://www.biggerpockets.com/blog/internal-rate-return-irr) explained and why everyone should calculate this when investing When to buy more properties vs. reinvest back into your performing portfolio And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Get a Quote on Your Next Short-Term Rental Loan with Host Financial] (https://www.hostfinancial.com?utm_source=youtube&utm_medium=banner&utm_campaign=biggerpockets) [Calculate IRR with Dave’s Book, “Real Estate by the Numbers”] (https://store.biggerpockets.com/products/real-estate-by-the-numbers?utm_source=youtube&utm_medium=description&utm_campaign=none) [Property Manager Finder] (https://biggerpockets.com/findapm) [What's a "Good" Deal in Real Estate? 5 Criteria to Consider] (https://www.biggerpockets.com/blog/definition-good-deal-real-estate?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Garrett] (https://www.biggerpockets.com/users/garrettb40?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with James] (https://www.biggerpockets.com/users/jdainflips?) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (00:51) What's a "Good" Return? (06:21) IRR (Internal Rate of Return) Explained (07:59) What Makes a "Good" STR Deal? (11:14) Flipping Houses (High Risk/Reward) (16:43) Long-Term Rentals (Low Risk) (23:17) When to Reinvest vs. Buy More (29:23) Do This NOW! Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1044] (https://www.biggerpockets.com/blog/real-estate-1044) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

15 Nov 2024

39 MINS

39:03

15 Nov 2024

#1066

The Massive Opportunity of Overlooked On-Market Deals

Today, we’re talking about the easiest way to find profitable [rental properties] (https://www.biggerpockets.com/blog/are-rental-properties-a-good-investment) in 2024 (and 2025!). It’s not through cold calling homeowners, sending mailers, networking with wholesalers, or doing any other “off-market” strategy. It’s so easy that even [real estate investing] (https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide) beginners will have no trouble finding deals. What are we talking about? On-market, [MLS (multiple listing service)] (https://www.biggerpockets.com/blog/what-is-the-mls) properties for sale. You might think, “But everything on the market is overpriced; there are NO good deals left!” That’s where you’re wrong, and today’s guest proves it. Dan Nelson has been buying on-market investment properties for two decades now, and he’s built an entire portfolio doing so (even in recent years). Dan knows there’s a time and place for [off-market deals] (https://www.biggerpockets.com/blog/ways-to-find-off-market-deals-in-2024) , but he has found so many hidden opportunities on the market that he keeps returning to buy. During this episode, Dan shows YOU precisely what to look for when browsing listing websites for rental properties or potential house flips. He shares the hidden opportunities most investors miss and why you should NOT be focused on properties that make money from day one. Instead, he walks through his simple strategy to create serious [cash flow] (https://www.biggerpockets.com/blog/rental-property-cash-flow-analysis) only a couple of years after purchasing properties most investors overlook. In This Episode We Cover: Why (for the most part) off-market deals are NOT great for beginners The reason Dan doesn’t care about “day one cash flow” when buying rentals Signs that you should [offer a lower price] (https://www.biggerpockets.com/blog/when-to-lower-asking-price-real-estate) on a potential rental property Why you should always look for on-market deals BEFORE deciding on a market When it’s time to start buying off-market deals (Beginners should avoid this) And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [BiggerPockets Rental Property Calculator] (https://www.biggerpockets.com/rental-property-calculator?utm_source=youtube&utm_medium=description&utm_campaign=none) [BiggerPockets Real Estate Rent Estimator] (https://www.biggerpockets.com/insights/property-searches/new) [Grab Dave’s Newest Book, “Start with Strategy”] (https://store.biggerpockets.com/products/start-with-strategy?utm_source=youtube&utm_medium=description&utm_campaign=none) [Find an Investor-Friendly Agent in Your Area] (http://biggerpockets.com/agentmatch) [Top 10 Real Estate Markets for Cash Flow in 2024] (https://www.biggerpockets.com/blog/best-real-estate-markets-for-cash-flow?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dan] (https://www.biggerpockets.com/users/dann13?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (02:16) Why Buy On-Market Deals (03:26) On-Market vs. Off-Market Explained (06:57) HUGE On-Market Opportunity (13:24) Buy at Asking Price? (15:19) The Cash Flow Secret (19:13) Where Does This Strategy Work? (25:47) Where Does This Strategy Work? (31:59) When to Look Off-Market? (32:55) Buy Your FIRST Rental! Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1043] (https://www.biggerpockets.com/blog/real-estate-1043) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

13 Nov 2024

42 MINS

42:03

13 Nov 2024

#1065

5 Rentals and 4 Flips WITHOUT Needing a W2!

Clay White has done the seemingly impossible. He’s bought five [rental properties] (https://www.biggerpockets.com/blog/are-rental-properties-a-good-investment) , completed multiple flips, and done it all in the past fifteen months with high mortgage rates. To make it more impressive, he did it WITHOUT a W2 job at just twenty-three years old! So what sets Clay apart from ninety-nine percent of other investors? As you’ll hear in today’s episode, he went through an almost comical amount of failures, but how he solved them makes him an elite investor. If you think you missed the boat on [real estate investing] (https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide) , Clay proves that you couldn’t be more wrong. He not only built an entire [rental portfolio] (https://www.biggerpockets.com/blog/building-scaling-real-estate-portfolio) in one of the most challenging times to invest but did it with no consistent income, no experience, and in a market you’ve probably never heard of. If you can follow Clay’s advice, mimic his ingenuity and tenacity for problem-solving, and are willing to put up with small failures to achieve massive success, you, too, will be able to build serious wealth, no matter your timeline, no matter your age, and no matter your job. In This Episode We Cover: How to invest in real estate even if you’ve got little money (and no job!) Returning a house after you bought it (yes, you can do this!) Why bringing in a partner is an excellent idea for your first real estate investment Clay’s straightforward solution when you can’t find the right licensed contractor [Cash-out refinances vs. HELOCs] (https://www.biggerpockets.com/blog/cash-out-refinance-vs-heloc) and when to use each to pull out equity Why you should always overestimate your [home renovation costs] (https://www.biggerpockets.com/blog/rookie-330) And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Learn How to Flip Houses with “The House Flipping Framework”] (https://store.biggerpockets.com/products/the-house-flipping-framework?utm_source=youtube&utm_medium=mention) [Find Investor-Friendly Lenders] (http://biggerpockets.com/findlenders) [The Rookie’s Step-by-Step Guide to Home Renovation Projects] (https://www.biggerpockets.com/blog/rookie-330?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Clay] (https://www.biggerpockets.com/users/clayw45?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Henry] (https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (01:04) Refusing To Get a 9-5 (04:23) Buying (and Returning!) a House (07:58) Home Run Second Deal (12:54) Rebuilding a Duplex (16:52) Using Equity to Flip a House (26:38) Final Flip Numbers (27:49) A Flip Goes Wrong…Again (31:04) Financing Deals (33:13) Buying Even MORE Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1042] (https://www.biggerpockets.com/blog/real-estate-1042) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

11 Nov 2024

42 MINS

42:16

11 Nov 2024

#1064

How to Invest in Real Estate in 2025 (with NO Experience)

So you want to [start investing in real estate] (https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide) but have ZERO experience. What should you do? The good news is that even if you don’t know how to invest in real estate, you can get started relatively quickly, especially if you avoid the common rookie mistakes. To help you jump over the investing hurdles, instead of running right into them, Dave brought on Tony Robinson, top [short-term rental] (https://www.biggerpockets.com/guides/the-ultimate-guide-to-short-term-rental-properties) investor, and Henry Washington, repeat co-host and long-term rental investor, to share exactly what they’d do if they were starting from scratch in 2025. Both Henry and Tony have scaled very fast. They own seven-figure real estate portfolios producing hundreds of thousands in rent yearly. But neither of them has been investing for more than ten years. How did they scale their real estate portfolios so quickly? They learned from their mistakes FAST and are teaching you the same lessons on today’s show. In this episode, we’re going through the beginner steps you should take to [build a real estate portfolio] (https://www.biggerpockets.com/blog/building-scaling-real-estate-portfolio) starting in 2025. We’ll discuss whether you should buy long-term or short-term rentals, how to choose a market to invest in, knowing how much you can afford, the many ways to find real estate deals, and the one thing Henry and Tony WISHED they had done earlier. Ready to start investing in 2025? This is your quick guide! In This Episode We Cover: Best beginner real estate investments and whether you should buy or build your first rental What to do when you don’t have tons of money to invest and how to calculate your buying power [How to find real estate deals] (https://www.biggerpockets.com/blog/find-real-estate-deals) even if you’re low on time or money The one thing Henry and Tony advise every rookie real estate investor to start doing NOW [Emergency reserves] (https://www.biggerpockets.com/blog/how-much-do-you-need-to-save-in-an-emergency-fund) and why you must keep cash on you when you start investing And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Real Estate Rookie Podcast] (https://www.biggerpockets.com/podcasts/real-estate-rookie) [On the Market Podcast ] (https://www.biggerpockets.com/podcasts/on-the-market) [Get a Quote on Your Next Short-Term Rental Loan with Host Financial] (https://www.hostfinancial.com?utm_source=youtube&utm_medium=banner&utm_campaign=biggerpockets) [Start from Scratch with “The Book on Rental Property Investing”] (https://store.biggerpockets.com/products/rental-property-investing?utm_source=owned_media) [Find an Investor-Friendly Agent in Your Area] (http://biggerpockets.com/agentmatch) [Real Estate Investing For Beginners: How To Get Started] (https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Henry] (https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Tony] (https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (01:01) Best Starter Investments (03:08) Short-Term Rentals (08:42) 1. Choose a Market (10:04) Long-Term Rentals (14:42) 2. Know Your Buying Power (18:39) 3. Finding Real Estate Deals (24:21) 4. Document EVERYTHING (28:39) 5. Start a “Reinvestment” Fund Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1041] (https://www.biggerpockets.com/blog/real-estate-1041) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

08 Nov 2024

44 MINS

44:50

08 Nov 2024

#1063

Can You Still Find On-Market, Cash Flowing Rentals in 2024? (We Found Some)

Can you [invest in real estate] (https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide) with just $75,000? And not only invest but can you find cash-flowing rentals in solid markets with long-term profit potential without spending six figures? Yes, to both. Today, we’re proving it’s more than possible because we’re finding on-market [rental properties] (https://www.biggerpockets.com/blog/are-rental-properties-a-good-investment) for sale that can be bought, renovated, and rented with a $75,000 (or less) investment. These are LIVE deals, meaning you could make an offer on them right after this podcast airs (seriously!). To help us out, Dave asked fellow investors Ashley Kehr and Henry Washington to bring a deal to the show that: 1. Has an all-in cost of $75,000 or less 2. Is on-market (on [the MLS] (https://www.biggerpockets.com/blog/what-is-the-mls) ) 3. Isn’t a house hack (you don’t have to live in the property). Dave found his own deal and brought it along, too. So today, we’re sharing three actual deals in three solid real estate markets, all that you can invest in with $75,000 or less. We found rental properties that not only [cash flow] (https://www.biggerpockets.com/blog/rental-property-cash-flow-analysis) hundreds of dollars a month but come close to (or beat) the 1% rule, AND one is already renovated, meaning you just need to find renters, and you’re already making money. Don’t let the naysayers fool you—this is PROOF you can find good rental properties even in 2024. In This Episode We Cover: How to invest $75,000 in real estate if you want cash-flowing rental properties Three distinct real estate markets that all offer below-average rental property prices How much to keep in cash reserves for your first investment property “ [Value-add] (https://www.biggerpockets.com/blog/real-estate-911) ” potential you can spot that’ll help you boost equity in your property The one cost that you really need to check before you buy in a new market Key indicators that point to a real estate market growing (or slowing) And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Invest in Turnkey Properties with REI Nation] (https://info.reination.com/qr?utm_campaign=Bigger%20Pockets%20-%20YouTube%20QR%20Overlay%20Ad&utm_source=youtube&utm_medium=paidsocial) [Grab Henry’s New Book, “Real Estate Deal Maker”] (https://store.biggerpockets.com/products/real-estate-deal-maker?utm_source=youtube&utm_medium=description&utm_campaign=none) [Find an Investor-Friendly Agent in Your Area] (http://biggerpockets.com/agentmatch) [Top 10 Real Estate Markets for Cash Flow in 2024] (https://www.biggerpockets.com/blog/best-real-estate-markets-for-cash-flow?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Ashley] (https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Henry] (https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1040] (https://www.biggerpockets.com/blog/real-estate-1040) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

06 Nov 2024

39 MINS

39:52

06 Nov 2024

#1062

The Hidden Opportunity of Property “Rezoning” Making This Investor Wealthy

Is [property “rezoning”] (https://www.biggerpockets.com/blog/property-rezoning) the trick to making much more money in real estate? Our guest is using zoning laws to his favor by finding areas with hidden potential but NO space left to build. He then changes the [zoning] (https://www.biggerpockets.com/blog/development-zoning-fundamentals) , builds new homes, and sells them FAST (and often over-asking price) to the local buyers waiting in line for inventory to arrive. You can do it, too, but you’ll need some beginner information before you start. Since 2016, Stuart Udis has been building homes in areas most investors overlook. The average investor sees an area with growing demand but realizes that they can’t build a home because a piece of land may NOT allow residential units, so they give up. Stuart instead gets both the city AND the local residents on his side, having all parties favor a zoning change, helping him be the only investor to build on that once-overlooked piece of land. So how do YOU do this, too? In this episode, Stuart walks through how he finds hidden opportunities in often-overlooked neighborhoods, the groups you’ll have to meet with before you try to change the zoning, and the types of units he’s building that give him the highest return on his money. In This Episode We Cover: Why “rezoning” property might be one of the most overlooked [investing strategies] (https://www.biggerpockets.com/smarter/strategy) The big [cash flow] (https://www.biggerpockets.com/blog/rental-property-cash-flow-analysis) mistake that Stuart made earlier on in his investing career The #1 reason you must look into [school districts] (https://www.biggerpockets.com/blog/2011-04-06-school-districts-real-estate-prices) BEFORE buying in an area Getting approval for rezoning from the city and the neighbors you MUST get on your side How to tell exactly what a buyer/renter will want BEFORE you rezone/build And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Grab Henry’s New Book, “Real Estate Deal Maker”] (https://store.biggerpockets.com/products/real-estate-deal-maker?utm_source=youtube&utm_medium=description&utm_campaign=none) [Grab Dave’s Newest Book, “Start with Strategy”] (https://store.biggerpockets.com/products/start-with-strategy?utm_source=youtube&utm_medium=description&utm_campaign=none) [Find an Investor-Friendly Agent in Your Area] (http://biggerpockets.com/agentmatch) [Can You Build Wealth by Rezoning Your Property? Yes! Here’s How] (https://www.biggerpockets.com/blog/property-rezoning?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Stuart] (https://www.biggerpockets.com/users/stuartu?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Henry] (https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (01:20) Buying $50K Houses! (05:06) BIG Cash Flow Mistake (09:05) Finding a Hidden Opportunity (13:45) Changing “Zoning” to Meet Demand (20:36) Getting Zoning Approval (24:57) What Buyers/Renters Want (26:37) Buying, Building, and Renovating Rentals Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1039] (https://www.biggerpockets.com/blog/real-estate-1039) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

04 Nov 2024

36 MINS

36:47

04 Nov 2024

#1061

10 Things We Hate About Real Estate Investing

Real estate investing is great…sometimes. Other times, it’s NOT fun to be a real estate investor. While the pros, like [financial freedom] (https://www.biggerpockets.com/blog/financial-freedom-at-the-lowest-barrier-of-entry) , generational wealth, and passive income definitely outweigh the cons, there are times when real estate investing makes you sit back and think, “Wow, I’m not having fun right now.” So we’re here to vent some of our biggest frustrations about the real estate industry, and if you’re an investor, landlord, house flipper, or property manager, you’ll probably relate. These are the things that grind our gears the MOST. Now we’re not saying to ditch rental properties and [real estate investing] (https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide) because of these downsides. Despite all these investment property pains, we still believe real estate is the best asset class for investing. But you will be hit with the headaches that we go through if you decide to invest. The good news? We will give you actionable tips to avoid the worst of these throughout the episode. If you’re brand new to real estate investing or are thinking of buying your first property, this is advice you need to hear before you begin so you can make the most money with the least amount of stress. In This Episode We Cover: Why you really (really) don’t need to [become an agent] (https://www.biggerpockets.com/blog/become-a-real-estate-agent-to-invest) just to invest in real estate Getting blinded by “exit strategies” and how it’ll cost you in the long run How Henry learned to [work with contractors] (https://www.biggerpockets.com/blog/work-with-contractors-manage-job-site) so he doesn’t get scammed or ghosted Why we’re begging you to stop doing “ [virtual staging] (https://www.biggerpockets.com/blog/is-virtual-staging-the-best-thing-for-a-flip) ” when selling a house Etiquette for agents writing property descriptions (stop saying everything is “cozy”) How to improve your relationship with your tenants so you both can enjoy your lives And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Grab Henry’s New Book, “Real Estate Deal Maker”] (https://store.biggerpockets.com/products/real-estate-deal-maker?utm_source=youtube&utm_medium=description&utm_campaign=none) [Property Manager Finder] (https://biggerpockets.com/findapm) [How to Work With Contractors and Manage a Job Site as a Flipping Newbie] (https://www.biggerpockets.com/blog/work-with-contractors-manage-job-site?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Henry] (https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (00:41) 1. Becoming an Agent Just to Invest (04:58) 2. Bad/Slow Communication (07:30) 3. Being Blinded by Exit Strategies (12:30) 4. Unrealistic Expectations (17:03) 5. Working with Contractors (23:22) 6. Agent Property Descriptions (25:07) 7. Virtual Staging (30:47) 8. SO. MUCH. PAPERWORK. (33:19) 9. Shady Wholesalers (37:36) 10. Tenants vs. Landlords Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1038] (https://www.biggerpockets.com/blog/real-estate-1038) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

01 Nov 2024

51 MINS

51:02

01 Nov 2024

#1060

The Housing Market is Changing (Deals Are Coming in Winter)

Discounted [real estate deals] (https://www.biggerpockets.com/blog/find-real-estate-deals) could be coming THIS winter as the housing market begins to “thaw.” Today, Dave is flying solo, bringing you a housing market update on all the crucial factors real estate investors are looking at—home prices, [mortgage rates] (https://www.biggerpockets.com/blog/with-mortgage-rates-falling-when-should-investors-refinance) , housing supply, and [rent prices] (https://www.biggerpockets.com/blog/rent-prices-are-guaranteed-to-rise-over-the-next-two-years) . Even with home sales falling by a massive margin, home prices are still at all-time highs, and the housing market is “stuck,” but we could see some sellers taking price cuts this winter if you’re willing to take advantage. Okay, but how can home prices still be THIS high when the total home sales are twenty percent lower than average and around fifty percent under the recent highs? It’s simple—affordability struggles. High rates, high prices, and “locked-in” homeowners staying in place keep the market frozen. So, why does Dave believe sellers will be more inclined to drop their prices this winter? Where does he believe [interest rates] (https://www.biggerpockets.com/blog/investors-stop-worrying-about-rates-in-2024) will be by the end of the year? And what’s the one thing that could get the housing market “unstuck”? In This Episode We Cover: Why Dave believes real estate deals are coming THIS winter Mortgage rate predictions and how low rates could go by the end of this year Whether to [buy now or wait] (https://www.biggerpockets.com/blog/calculate-if-you-should-buy-real-estate-now-or-wait) for affordability to improve, prices to drop, and rates to fall Why home prices are still rising EVEN with homebuyer demand plummeting The MASSIVE drop in home sales since the pandemic boom and why prices have remained high And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Nearly A Quarter of Prospective First-Time Homebuyers are Holding Off Until After the Election: Redfin Survey] (https://www.redfin.com/news/homebuying-delay-election-survey-2024/) [Grab Dave’s Book, “Real Estate by the Numbers”] (https://store.biggerpockets.com/products/real-estate-by-the-numbers?utm_source=youtube&utm_medium=description&utm_campaign=none) [Find an Investor-Friendly Agent in Your Area] (http://biggerpockets.com/agentmatch) [The Fed Finally Cuts Rates, but Will It Even Matter?] (https://www.biggerpockets.com/blog/on-the-market-255?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (00:50) Home Prices Are Changing (04:57) The Deals Are Coming (06:05) MASSIVE Decline in Home Sales (11:12) So…Why Are Prices High? (16:19) Mortgage Rate Forecast (18:14) Buy Now or Wait? (19:17) Rents Still Struggling (21:56) Winter Opportunity Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1037] (https://www.biggerpockets.com/blog/real-estate-1037) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

30 Oct 2024

31 MINS

31:09

30 Oct 2024

#1059

Building a Rental Portfolio WHILE Working W2s by “Recycling" Their Money

These two college teammates built a sizable real estate portfolio in just three years by using what they call the “delayed [BRRRR strategy] (https://www.biggerpockets.com/guides/brrrr-method) .” They’ve used this specific real estate investing tactic (and the regular BRRRR strategy) to turn one duplex into more than a dozen rental properties for their portfolio. They didn’t start with a ton of money and only got into investing together in 2021 when housing competition was high, and rates were soon to rise sharply. So, how does their strategy work, and how can YOU use it to buy more rental properties? In this episode, these innovative investors, Joe Escamilla and Sam Farman, talk about why it’s CRUCIAL to have great [real estate investing partners] (https://www.biggerpockets.com/blog/real-estate-investing-partnership-types) and how choosing the right one can be the rocket fuel you need to build a financial freedom-enabling rental property portfolio. They share the new “BRRRR” strategy (buy, rehab, rent, refinance, repeat) they’re using to get steady real estate cash flow AND boost their equity at the same time. We’ll also talk about raising private capital and creating your own [real estate syndication] (https://www.biggerpockets.com/blog/ultimate-guide-to-real-estate-syndication) so you can buy more real estate using other people’s money and pass along the returns to your investors. Joe and Sam have built a [real estate portfolio] (https://www.biggerpockets.com/blog/building-scaling-real-estate-portfolio) most investors can only dream of achieving, and they did it all in only three years, during high rates, and while working full-time jobs. Stick around to hear how you can do it, too! In This Episode We Cover: The new-and-improved “BRRRR” strategy that lets you “recycle” your money Signs of a perfect real estate partner and why getting this right is CRUCIAL for growth [Cash-out refinancing] (https://www.biggerpockets.com/blog/what-is-a-cash-out-refinance) to reinvest in real estate and grow your portfolio faster Why you DON’T want to sit on the sidelines while rates are high and competition is low Syndications and how to raise money for your next real estate deal And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Rich Dad Poor Dad] (https://store.biggerpockets.com/products/rich-dad-poor-dad) [Grab the Book on the “BRRRR” Strategy] (https://store.biggerpockets.com/products/buy-rehab-rent-refinance-repeat?utm_source=owned_media) [Find Investor-Friendly Lenders] (http://biggerpockets.com/findlenders) [The Beginner’s Guide to “Infinite Investing” with the BRRRR Method] (https://www.biggerpockets.com/blog/real-estate-769?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Joe] (https://www.biggerpockets.com/users/josephe69?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Sam] (https://www.biggerpockets.com/users/samf190?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (01:26) The Perfect Partnership? (03:59) First Duplex in 2021 (11:38) This Works WITH High Rates (16:25) Using Other People’s Money (23:33) The New 2025 “BRRRR” Strategy (28:25) Who Does What? Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1036] (https://www.biggerpockets.com/blog/real-estate-1036) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

28 Oct 2024

37 MINS

37:15

28 Oct 2024

#1058

BiggerNews: This Area Has the BEST Cash Flow Potential in the Country

“Lake Effect” cash flow is starting to make landlords rich in this under-the-radar region of the United States. For the past few decades, mainstream real estate investing platforms have almost forgotten this region, and we’ve even overlooked it a few times. Here, landlords can buy affordable homes, make serious [cash flow] (https://www.biggerpockets.com/blog/rental-property-cash-flow-analysis) , and see significant investing advantages they can’t get in most other areas. Where are we talking about? Salt Lake? The Great Lakes? Lake Tahoe? Welcome back to this week’s BiggerNews, where we’re discussing everyone’s favorite subject—cash flow (and a LOT of it). We brought [Real Estate Rookie] (https://www.biggerpockets.com/podcasts/real-estate-rookie) co-host Ashley Kehr, a predominantly cash-flow investor, to the show to share why her home region is finally getting the recognition it deserves for [real estate investing] (https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide) . If you want the residual income that will lead you to financial freedom and an early retirement, this is the region to look at. You can buy homes for a fraction of what they cost elsewhere, all while getting surprisingly high rent prices, leaving you with a serious supply of cash flow at the end of the month. We’re talking about the [MOST affordable cities] (https://www.biggerpockets.com/blog/most-affordable-housing-markets-to-invest-in) in this area, why the tech industry is moving in, and one crucial advantage that makes this market almost future-proof. In This Episode We Cover: “Lake Effect” cash flow and why it’s making landlords wealthy in this affordable area The most affordable (and cash-flowing) markets in this under-the-radar region Why more and more tech companies are moving into this overlooked area [Appreciation] (https://www.biggerpockets.com/blog/what-is-appreciation-in-real-estate) potential and the cities with cash flow AND rising home prices The “booming” area that has serious infrastructure support for more jobs/businesses And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Get Banking Built for Landlords with Baselane] (https://www.baselane.com/lp/bigger-pockets?utm_source=partner_biggerpockets&utm_medium=Social&utm_campaign=bp_social_youtube) [Ready to Start? Grab “The Book on Rental Property Investing”] (https://store.biggerpockets.com/products/rental-property-investing?utm_source=owned_media) [Find an Investor-Friendly Agent in Your Area] (http://biggerpockets.com/agentmatch) [Top 10 Real Estate Markets for Cash Flow in 2024] (https://www.biggerpockets.com/blog/best-real-estate-markets-for-cash-flow?utm_source=youtube&utm_medium=description&utm_campaign=none) [Real Estate Rookie Podcast] (https://www.biggerpockets.com/podcasts/real-estate-rookie) [10 Deals on a $20K Waitress Salary With Ashley Hamilton] (https://www.biggerpockets.com/blog/biggerpockets-podcast-331-10-deals-20k-year-waitress-salary-ashley-hamilton) [Connect with Ashley] (https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (03:22) Still SUPER Affordable (08:32) Most Affordable Markets (11:30) Tech Industry is Moving In (14:57) Climate Resilience (18:56) Under-the-Radar Markets? (28:58) This Area is Booming (32:18) Even More Advantages? Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1035] (https://www.biggerpockets.com/blog/real-estate-1035) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

25 Oct 2024

41 MINS

41:52

25 Oct 2024

#1057

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

“Should I [refinance] (https://www.biggerpockets.com/guides/how-to-refinance-your-mortgage) my home NOW or wait?” If you have bought a property in the past two years, every day looks like a better and better time to refinance your mortgage. After the Fed’s big rate cut last month, mortgage rates did the unexpected…they went UP. But, even with these slightly inflated rates, now is looking like a good time to refinance if you bought a home with a higher [interest rate] (https://www.biggerpockets.com/blog/investors-stop-worrying-about-rates-in-2024) . So, should you take the risk of waiting for mortgage rates to drop or lock in these substantially lower rates now? We don’t know what will happen next, so we brought on veteran [lender] (https://www.biggerpockets.com/business/finder/lenders) Caeli Ridge to answer some of our more nuanced questions. Caeli summarizes where rates were, where they are today, and where they could be headed. If you want to know what refinance and [HELOC (home equity line of credit)] (https://www.biggerpockets.com/blog/what-is-a-heloc) rates are right now, stay tuned because she shares exactly what her clients are getting. What about paying no or low interest on your next HELOC? Caeli shares what may be the greatest HELOC hack we’ve ever heard of—one that gives you lots of liquidity while keeping your interest payments at the absolute rock bottom. You may have never heard of anything like it, so don’t miss this one! In This Episode We Cover: Where [mortgage rates] (https://www.biggerpockets.com/blog/with-mortgage-rates-falling-when-should-investors-refinance) are right now for refinances and HELOCs The HELOC hack that greatly minimizes your interest in your next equity line Caeli’s interest rate forecast and where she thinks rates could be in the near future When waiting to refinance could cost you, and whether rates may go UP again The metrics that influence where mortgage rates will go next (what to pay attention to) And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Wall Street wants a strong economy. It also wants Fed rate cuts. The two aren’t necessarily compatible] (https://finance.yahoo.com/news/wall-street-wants-strong-economy-110854497.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAB3EnaqVWh6-rv_cV9PNGJ3Gb1YG6Zn1Pw8keXR5myKT0JMzc7fyNWHFaxflYsHiAD-vXFrc9TdGJsNFfWQEi4V8_JGz_jJGojHWpqA_mpKPS8rbXxpN8j3jtVkfDIw3gz8Ywx3SUx--KQDMzBwj9vGhtoZfJrwkX1LX3M32WzEw) [Invest in Turnkey Properties with REI Nation] (http://www.biggerpockets.com/nationyt) [Grab Dave’s Book, “Real Estate by the Numbers”] (https://store.biggerpockets.com/products/real-estate-by-the-numbers?utm_source=youtube&utm_medium=description&utm_campaign=none) [Find Investor-Friendly Lenders] (http://biggerpockets.com/findlenders) [With Mortgage Rates Falling, When Should Investors Refinance?] (https://www.biggerpockets.com/blog/with-mortgage-rates-falling-when-should-investors-refinance?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Caeli] (https://www.biggerpockets.com/users/caelir?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (01:52) Interest Rate Update (06:34) Why Rates Went UP (11:59) Should You Refinance? (18:17) Current Refi Rates (19:37) Best HELOC Hack (29:01) Interest Rate Forecast Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1034] (https://www.biggerpockets.com/blog/real-estate-1034) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

23 Oct 2024

37 MINS

37:35

23 Oct 2024

#1056

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

What if you could not only replace but make MUCH more than your W2 salary with real estate investing? Now, imagine you could do it all in just two years. Sounds impossible, right? Today’s guest did precisely that, with more barriers than most. Jon Boyd left his W2 job to pursue [real estate investing] (https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide) full-time, all while having to provide for his family of six! Now, he’s making much more than his job ever paid him and is building serious wealth in the process. How’s he doing it? It’s simple: direct-to-seller strategies anyone can try. Unlike many real estate investors, Jon skipped heavily investing during the 2010s, so his wealth is NOT due to the rapid appreciation of 2020 - 2023. As his W2 whittled him down day by day, Jon knew he needed an exit option. So, he tried one simple direct-to-seller marketing strategy, found a great deal, made a serious profit, and decided, “Let’s go ALL-IN!” Now, just a few years later, he’s a full-time real estate investor, doing over a dozen [house flips] (https://www.biggerpockets.com/guides/how-to-flip-houses) in a year, with a portfolio of five rental properties, and making MUCH more than his job was paying. The best part? He does almost all of it himself, and if you’re willing to push past your comfort zone, you can, too! In This Episode We Cover: The one direct-to-seller marketing strategy Jon uses to [find off-market, undervalued deals] (https://www.biggerpockets.com/blog/ways-to-find-off-market-deals-in-2024) How to plan your financial safety nets when quitting your job for real estate How to talk to a potential seller so they feel comfortable giving you the deal The one thing you should do [before you quit your job] (https://www.biggerpockets.com/blog/money-305) (or you’ll regret it!) How Jon does over a dozen house flips a year with ZERO employees An unbelievably creative [seller finance] (https://www.biggerpockets.com/blog/seller-financing) deal that most investors would never think of And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Grab Henry’s New Book, “Real Estate Deal Maker”] (https://store.biggerpockets.com/products/real-estate-deal-maker?utm_source=youtube&utm_medium=description&utm_campaign=none) [Find Investor-Friendly Lenders] (http://biggerpockets.com/findlenders) [10 Steps to Kickstart a Winning Direct Mail Campaign] (https://www.biggerpockets.com/blog/real-estate-direct-mail?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Jon] (https://www.biggerpockets.com/users/jonathanb92?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Henry] (https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (01:09) Given Golden Advice Early (03:43) Quitting His W2 Job (08:54) Taking a Big Risk (12:21) Looking for Off-Market Deals (16:10) Profit on Direct Mail (19:09) How to Talk to Sellers (22:56) Jon's Current Portfolio & Business (24:24) Doing 12-14 Flips by HIMSELF! (28:28) Most Creative Real Estate Deal Ever? (31:49) Can Anyone Do This? Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1033] (https://www.biggerpockets.com/blog/real-estate-1033) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

21 Oct 2024

42 MINS

42:30

21 Oct 2024

#1055

BiggerNews: The “Clues” That Point to a Phenomenal Investing Neighborhood

Are there “clues” that point to phenomenal [real estate investing] (https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide) areas? We mean the areas nobody knew about until it was too late. The neighborhoods that seem to jump in price overnight, and everyone ends up saying, “I should have bought there when I had the chance!” What if there was a way to easily identify WHICH areas are in the “path of progress” and could make you serious wealth IF you buy today? We brought in an expert with two decades of experience picking these markets. James Dainard is a rental property investor, house flipper, [private money lender] (https://www.biggerpockets.com/blog/advantages-of-being-a-private-money-lender) , and every other role you can think of in real estate. He’s been investing primarily in one market for his entire career: [Seattle, Washington] (https://www.biggerpockets.com/blog/seattle-rental-market) . But, even though he’s sticking to this specific market, he’s diversified by having investments all around the entire metro area, even in places most people wouldn’t DARE to buy in. Today, he’s sharing his secrets, showcasing precisely what he looks at to identify these hidden but growing real estate areas WITHIN a market. We’ll discuss whether you should focus on the deal or the neighborhood first, “clues” that point to a solid investing area, why zoning will become your wealth-building best friend, and how to identify markets with solid cash flow or [appreciation] (https://www.biggerpockets.com/blog/what-is-appreciation-in-real-estate) . In This Episode We Cover: The “clues” that point to a rising real estate area most people DON’T know about yet Whether to [choose a neighborhood] (https://www.biggerpockets.com/blog/neighborhood-analysis) FIRST or evaluate a deal based on its neighborhood The magic of “upzoning” and how James uses this to boost his portfolio’s worth The “path of progress” that will have your home value rising FAR faster than others What to be cautious of when investing in a new area (these could ruin your real estate deal) Data sources you can use right now to pinpoint exactly where to buy And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Grab James’ New Book, “The House Flipping Framework”] (https://store.biggerpockets.com/products/the-house-flipping-framework?utm_source=youtube&utm_medium=mention) [Find an Investor-Friendly Agent in Your Area] (http://biggerpockets.com/agentmatch) [Is That Neighborhood Up-and-Coming? Here’s How to Tell] (https://www.biggerpockets.com/blog/neighborhood-analysis?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with James] (https://www.biggerpockets.com/users/jdainflips?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (02:35) Neighborhood or Deal First? (06:51) “Clues” of a Great Neighborhood (13:14) This is CRUCIAL (19:57) The Path of Progress (25:41) Stay Away from This (31:44) Do This FIRST Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1032] (https://www.biggerpockets.com/blog/real-estate-1032) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

18 Oct 2024

40 MINS

40:01

18 Oct 2024

#1054

2 Resources OTHER Than Money You Can Use to Get into Real Estate Investing

Want to invest in real estate but feel like you don’t have everything it takes? You know you need money for a [down payment] (https://www.biggerpockets.com/blog/down-payment) , skills to manage tenants/perform renovations, and time to find the deals in the first place. But what if you only have one of these? Can you still invest in real estate even without the missing pieces? Today, we’re going to show you how to do just that, no matter how much time, money, or real estate experience you’ve got. We’re walking through three scenarios with three different investors: Dave Meyer (who had no money/experience), Devon Kennard (who had money but no time/experience), and Tyler Madden (who had skills but limited time/money). Each of these investors was able to build a successful [real estate portfolio] (https://www.biggerpockets.com/blog/building-scaling-real-estate-portfolio) , all while either being time-stretched, money-stretched, or not knowing how to swing a hammer. They’re sharing the secrets to hiring out/building the other skills so you CAN take down real estate deals, no matter what you’re working with. If you can combine all the pieces of this “resource triangle,” you have FAR higher chances of succeeding in [real estate investing] (https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide) and reaching [financial freedom] (https://www.biggerpockets.com/blog/financial-freedom-at-the-lowest-barrier-of-entry) . If you’re a rookie with no real estate to your name, worry not—we’re teaching you what you need to know in today’s episode. In This Episode We Cover: The “resource triangle” investing theory and the three things you need to succeed (YOU don’t need all three!) The most overrated skills in real estate that you can survive without Building a team and hiring out/outsourcing the resources that you lack How to [start investing] (https://www.biggerpockets.com/blog/money-438) if you ONLY have time, money, OR real estate experience Crucial skills that we WISH we had (you can make a LOT more money with these) And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Invest in Turnkey Rentals with Rent to Retirement] (https://www.renttoretirement.com/) or text “REI” to 33777 [Grab the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) Book] (https://store.biggerpockets.com/products/buy-rehab-rent-refinance-repeat?utm_source=owned_media) [Find an Investor-Friendly Agent in Your Area] (http://biggerpockets.com/agentmatch) [Mastering These 2 Skills Is Critical to Success in Real Estate Investing] (https://www.biggerpockets.com/blog/real-estate-investing-most-valuable-skills?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Devon] (https://www.biggerpockets.com/users/devonk15?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Tyler] (https://www.biggerpockets.com/users/mwhq?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (04:54) Got Skills, But No Time/Money? (11:51) Got Money, But No Time/Skills? (18:24) Got Time, But No Money/Skills? (20:23) Getting Your First Deal Done (39:51) Building Valuable Skills (37:18) Most Crucial (and Overrated) Skills Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1030] (https://www.biggerpockets.com/blog/real-estate-1030) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

16 Oct 2024

49 MINS

49:57

16 Oct 2024

#1053

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

What’s the best way to [build wealth] (https://www.biggerpockets.com/blog/how-to-build-wealth-with-real-estate) in 2024? For many, it’s “value-add” real estate investing. You might know what this is, but you may have never heard the term before. Value-add investing is when you buy investment properties, improve them, increase the [cash flow] (https://www.biggerpockets.com/blog/rental-property-cash-flow-analysis) , equity, or both, and reap the rewards by holding onto them as rentals or flipping them for quick cash. Today’s investor, Tom Shallcross, is doing just this, but he’s making BIG returns (six figures on flips!) and funneling those profits into his sizable rental portfolio. And he’s doing it all in 2024. We know that everyone has told you how impossible it is to invest in real estate in 2024, but Tom instantly proves the naysayers wrong. Not only is he [flipping houses] (https://www.biggerpockets.com/guides/how-to-flip-houses) , but he’s also buying rentals, BRRRRing (buy, rehab, rent, refinance, repeat), and doing it all in a competitive market—Chicago! So what’s he doing differently? Tom gets the deals before the rest of the investors in his area can, takes on BIG house flips that most investors are too scared to, and constantly reinvests the profits into more real estate. He’s been doing it since 2016 and is STILL finding success in today’s market. How’s he getting the best deals sent to him? How’s he making such large profit margins? We’re uncovering his exact strategy and method in today’s episode. In This Episode We Cover: “Value-add” real estate investing explained and why it still works in 2024 Knowing your [neighborhood “class”] (https://www.biggerpockets.com/blog/real-estate-property-class) and why Tom switched from C to A How Tom is making six-figure profits on house flips even in today’s market [Real estate partnerships] (https://www.biggerpockets.com/blog/real-estate-investing-partnership-types) and the skillsets you need to build a profitable flipping/rental/rehab business How to get real estate agents to send you properties BEFORE they hit the market Using short-term projects (flips!) to fund your rental property portfolio And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Find an Investor-Friendly Agent in Your Area] (http://biggerpockets.com/agentmatch) [The “Value-Add” Playbook: How to Boost Equity and Bring in MORE Cash Flow] (https://www.biggerpockets.com/blog/real-estate-911?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Tom] (https://www.biggerpockets.com/users/toms219?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (02:11) "Accidentally" Investing (06:46) Getting Started in Cheap Neighborhoods (09:47) Switching to A-Class Investments (11:59) Finding Deals Before The Rest (18:02) Current Flip Profits + Costs (26:30) Boosting Your Rental's Income (32:24) What's Next? Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1030] (https://www.biggerpockets.com/blog/real-estate-1030) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

14 Oct 2024

41 MINS

41:28

14 Oct 2024

#1052

BiggerNews: “Boomtowns” Are Declining…It’s Time to Take Advantage

[Real estate “boomtowns”] (https://www.biggerpockets.com/blog/corporate-hq-relocations-could-signal-next-real-estate-boomtowns) present a massive opportunity to investors in 2024. A few years ago, buyers were fighting tooth and nail to purchase properties in [Austin] (https://www.biggerpockets.com/blog/austin-real-estate-market) , Boise, Phoenix, and other red-hot markets. Demand was growing in these cities, and prices were shooting up with no end in sight. But then…it stopped. Prices started declining, [vacancy] (https://www.biggerpockets.com/blog/vacancy-rates) rose, and investors were stuck holding onto properties now worth less than what they paid. The interesting part? These market declines might be only temporary, and those who don’t buy now could be kicking themselves a few years down the road. To give us insight into which boomtowns are worth buying in and which are worth ignoring is Matt Faircloth, [multifamily real estate] (https://www.biggerpockets.com/guides/buying-multifamily) investor. He saw many investors rush to these real estate boomtowns during the peak and are now struggling to fill their rental units as the boom became a bust. He’s identified a sneaky strategy that allows you to buy properties at a discount in these markets to make money while the [FOMO investors] (https://www.biggerpockets.com/blog/on-the-market-44) search for an exit option. We’ll talk about the cities with the most hype, the ones worth investing in, the future boomtowns that most are ignoring, and the massive opportunity of “economic spillover” that could lead you to markets with the best future potential. In This Episode We Cover: The future “boomtowns” that most investors have no clue about (get in early) How boomtowns form and what to look at to tell if one is worth investing in When is it too late to invest in a growing city (metrics to check before buying) The secondary markets with “economic spillover” boasting huge opportunity The sneaky move Matt is using to buy boomtown properties at a discount What to do if you bought in a boomtown that is already declining And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Grab Matt’s Book, “Raising Private Capital”] (https://store.biggerpockets.com/products/raising-private-capital-revised-edition?utm_source=youtube&utm_medium=description&utm_campaign=none) [Find an Investor-Friendly Agent in Your Area] (http://biggerpockets.com/agentmatch) [Corporate HQ Relocations Could Signal the Next Real Estate Boomtowns] (https://www.biggerpockets.com/blog/corporate-hq-relocations-could-signal-next-real-estate-boomtowns?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Matt] (https://www.biggerpockets.com/users/mfaircloth?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (02:39) Real Estate "Boomtowns" (06:07) How "Boomtowns" Form (09:44) Cities with the Most Hype (12:11) Hyped vs. Solid Housing Markets (16:33) When Is It Too Late to Get In? (20:41) HUGE Opportunity for Investors (29:26) What “Boomtown” Investors Should Do (35:15) Upcoming Boomtowns Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1029] (https://www.biggerpockets.com/blog/real-estate-1029) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

11 Oct 2024

49 MINS

49:07

11 Oct 2024

#1051

How to Invest in Real Estate with $50K in 2024

Want to know how to invest $50K in real estate? We’re going to show you exactly how to do it, EVEN in 2024. You can use any of the four strategies we share to start investing in real estate with $50K or less, and you don’t need previous [real estate investing] (https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide) experience to try them out. Some of these strategies are best for those who already own a home or are willing to [invest out-of-state] (https://www.biggerpockets.com/blog/investing-in-real-estate-out-of-state) . But even if you want to stay in your area while investing in real estate, we have an option for you! Okay, so you’ve got $50K (or less) that you’ve saved up for your first real estate deal. Do you immediately start investing? NO. There are a few quick things that you need to do first (don’t worry, they’re free) before you can make your first real estate investment. Following these steps will help you make MUCH better choices on your next investment property and will let you sleep at night if/when things go wrong. After that, you can choose any of the four beginner strategies to start investing in real estate (we’re not just talking [house hacking] (https://www.biggerpockets.com/real-estate-investing/house-hacking-strategy) !). We even share an expert tip about some of the best markets to get into as a beginner with solid demand and lower home prices, allowing you to invest if you’re getting priced out (or have too much competition) in the bigger cities! In This Episode We Cover: How (and where) to invest $50K in the 2024 housing market What you MUST do before you make your first real estate investment A tax-free way for homeowners to [build wealth] (https://www.biggerpockets.com/blog/how-to-build-wealth-with-real-estate) with properties they already own The solid [rental markets that have cheap home prices] (https://www.biggerpockets.com/blog/most-affordable-housing-markets-to-invest-in) Why you DON’T have to do it alone, and how to increase your investing budget The one tried-and-true best beginner investment almost every expert agrees on And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Buy Box Resource ] (https://www.biggerpockets.com/resources) [Real Estate Rookie Podcast] (https://www.biggerpockets.com/podcasts/real-estate-rookie) [Real Estate Rookie YouTube Channel] (https://www.youtube.com/@RealEstateRookie/featured) [Get Free Property Management Software for Landlords with Hemlane] (https://www.hemlane.com/free-biggerpockets/?utm_source=biggerpockets&utm_medium=partnership&utm_campaign=bpyoutube_free) [Grab Ashley’s Book, “Real Estate Partnerships”] (https://store.biggerpockets.com/products/real-estate-partnerships?utm_source=youtube&utm_medium=description&utm_campaign=none) [Find an Investor-Friendly Agent in Your Area] (http://biggerpockets.com/agentmatch) [See Ashley and Dave at BPCON2024 in Cancun!] (https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none) [Why Your Small Town Is (Probably) the Best Place to Buy Rentals] (https://www.biggerpockets.com/blog/real-estate-1018?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Ashley] (https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (02:50) Can You Start with $50K? (07:44) What to Do BEFORE You Invest (13:02) 1. Add Value to Your Home (19:10) 2. Buy a $160K Rental Property (25:05) 3. Get a Money Partner (32:21) 4. House Hacking (34:47) DON'T Overlook These Markets Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1028] (https://www.biggerpockets.com/blog/real-estate-1028) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

09 Oct 2024

45 MINS

45:43

09 Oct 2024

#1050

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

After a strong case of “mommy guilt” working as an assistant principal, pregnant with her second child, Deba Douglas knew she needed a way out of the rat race. A run-in with [Rich Dad Poor Dad] (https://store.biggerpockets.com/products/rich-dad-poor-dad) prompted her to begin saving so she could start buying rental properties. She called her lender, found a property, and spent her and her husband's entire savings on the down payment. Little did she know that this one decision would set her life’s course in an entirely different direction. Now, just seven years after first looking into real estate investing, Deba has thirty [rental properties] (https://www.biggerpockets.com/blog/are-rental-properties-a-good-investment) and doesn’t work at her W2 anymore! How did she do it so fast, especially with kids to care for, bills to pay, and no prior experience in real estate investing? One BAD piece of beginner advice could have thrown her entire investing career off track, but she quickly learned from her mistake and leveled up at light speed! Deba is sharing how she went from real estate investing zero to hero, doing everything from [BRRRR (buy, rehab, rent, refinance, repeat)] (https://www.biggerpockets.com/guides/brrrr-method) investing, building new construction rental properties, flipping houses, and becoming an agent herself to help other investors. Want to escape the nine-to-five grind and get on the fast track to financial freedom? Do it all like Deba! In This Episode We Cover: The one critical mistake Deba made on her second deal that could have cost her severely The truth about becoming a real estate agent (and why it isn’t as easy as you think) Regular realtors vs. investor-friendly realtors (you CANNOT mix them up!) When it’s time to [quit your job and become a full-time real estate investor] (https://www.biggerpockets.com/blog/should-you-quit-your-9-5-job-for-real-estate) Why Deba is still buying in a market that is seeing price declines in 2024 The massive benefits of [new construction] (https://www.biggerpockets.com/blog/warren-buffett-is-buying-construction-stocks-should-you) rental properties (and why they make sense in 2024) And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Grab the Book, “Rich Dad Poor Dad”] (https://store.biggerpockets.com/products/rich-dad-poor-dad?utm_source=youtube&utm_medium=description&utm_campaign=none) [Find an Investor-Friendly Agent in Your Area] (http://biggerpockets.com/agentmatch) [See Dave at BPCON2024 in Cancun!] (https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none) [Do You NEED an "Investor-Friendly" Agent?] (https://www.biggerpockets.com/blog/real-estate-investor-friendly-agent?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Deba] (https://www.biggerpockets.com/users/debad?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (02:00) Chasing Financial Freedom (05:16) First Property, Then BIG Mistake (14:16) Did It Work Out? (15:59) Quitting Her Job (20:53) Investing and Selling Homes (23:06) Deba's Portfolio (24:18) Building New and BRRRRing (26:50) Investing in a Declining Market (33:38) Goals and Best Beginner Investment Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1027] (https://www.biggerpockets.com/blog/real-estate-1027) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

07 Oct 2024

44 MINS

44:55

07 Oct 2024

#1049

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

For years, we’ve been told that lower [mortgage rates] (https://www.biggerpockets.com/blog/with-mortgage-rates-falling-when-should-investors-refinance) could reignite homebuyer demand and help improve affordability so first-time homebuyers (or even rookie landlords) can finally buy their first property. But, with mortgage interest rates lowering right before our eyes, we’re noticing something peculiar—affordability isn’t improving. Home prices are staying stagnant, if not rising. Thanks to America’s “golden handcuffs,” we’re still in a housing market standoff, but there might be some solutions to fix it. We’re bringing on The New York Times’ Rukmini Callimachi, a real estate correspondent, to shed light on the vast [affordability crisis] (https://www.biggerpockets.com/blog/how-the-nimby-movement-helped-create-the-affordable-housing-crisis) affecting America. With homes “unmanageably expensive,” regardless of whether you’re renting or buying, we need solutions that don’t just spark up demand (like lowering mortgage rates). There’s one glaring problem plaguing the property market, but why won’t anybody fix it? Today, we're cracking this discussion wide open, speaking on the solutions that could ACTUALLY increase affordability in the future, the rising homelessness problem affecting working Americans and students, and how NIMBYism (not in my backyard) could be forcefully put to stop as communities struggle to build enough housing. If you want to get in (or get back in) the real estate game, whether as an investor, [house hacker] (https://www.biggerpockets.com/real-estate-investing/house-hacking-strategy) , or first-time homebuyer, these solutions could directly affect you! In This Episode We Cover: [Housing inventory] (https://www.biggerpockets.com/blog/real-estate-925) update and the “golden handcuffs” keeping housing constrained Why homebuyers are stuck and the magic interest rate that could unlock demand The root of our housing problems and what we must do NOW to fix it Growing homelessness (even among working adults) and why housing costs have gotten too high [Modular home] (https://www.biggerpockets.com/blog/on-the-market-37) building and how this new type of construction could change the housing market forever And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [On the Market] (https://www.biggerpockets.com/podcasts/on-the-market) [Grab Dave’s Book, “Real Estate by the Numbers”] (https://store.biggerpockets.com/products/real-estate-by-the-numbers?utm_source=youtube&utm_medium=description&utm_campaign=none) [Find Investor-Friendly Lenders] (http://biggerpockets.com/findlenders) [See Dave at BPCON2024 in Cancun!] (https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none) [Cheaper, Faster, and Better for Investors: Modular Homes Make a Comeback] (https://www.biggerpockets.com/blog/on-the-market-37?utm_source=youtube&utm_medium=description&utm_campaign=none) [Read More from Rukmini] (https://www.nytimes.com/by/rukmini-callimachi) [Interest Rates Have Dropped, but Homeowners Are Not Moving] (https://www.nytimes.com/2024/09/05/realestate/interest-rate-lock-effect-home-ownership.html) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) 00:00 Intro 02:35 America’s “Golden Handcuffs” 06:52 Homebuyers Are Stuck 11:30 Affordability Solutions 23:55 Growing Homelessness 26:14 Construction MUST Change 29:56 Let’s Get DENSE Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1026] (https://www.biggerpockets.com/blog/real-estate-1026) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

04 Oct 2024

40 MINS

40:17

04 Oct 2024

#1048

Active vs. Passive Investing: Make Higher Returns With Less Headache?

Can you make the same returns as active real estate (if not more) with “passive” [real estate investing] (https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide) ? What if you’ve got a busy day job, hobbies you want to pursue, or don’t have the landlording drive to build a rental property portfolio? Well, [passive income] (https://www.biggerpockets.com/blog/how-to-earn-passive-income-in-2024) investing might be just what you need. How do you know you’re the right fit for it, and what kind of real estate investments are the most passive? We’re giving you what you need to get started. We’ve got two active and passive real estate investors, Devon Kennard (former NFL player!) and Kathy Fettke, on the show to break down the differences between active and [passive real estate investing] (https://www.biggerpockets.com/blog/passive-real-estate-investing) . We’ll discuss who should invest in each type and whether it’s worth it to stay at your job and invest passively on the side. Plus, we’re all sharing our favorite active and passive investments that we’re putting our money into today. But how much of a return can you make when you’re investing passively, doing less of the work? We’re giving you real return numbers from some of our passive income sources so you can know what to expect when putting your money to work. In This Episode We Cover: [Active vs. passive] (https://www.biggerpockets.com/blog/2013-11-09-active-income-vs-passive-income) real estate investing and which one YOU should choose How much you can make with passive investing and the returns we’re getting Why you may NOT want to quit your job to go into real estate (you can STILL invest) [Real estate note investing] (https://www.biggerpockets.com/blog/mortgage-note) and why Devon is going all-in on this active/passive investment Why new real estate investors should NOT be passively investing…yet And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [On the Market Podcast ] (https://www.biggerpockets.com/podcasts/on-the-market) [PassivePockets Podcast] (https://passivepockets.com/podcast/) [Scaling Smart] (https://store.biggerpockets.com/products/scaling-smart) [Start with Strategy ] (https://store.biggerpockets.com/products/start-with-strategy) [Try Baselane, the One Platform for All Your Property Banking & Finances] (https://www.baselane.com/lp/bigger-pockets?utm_source=partner_biggerpockets&utm_medium=Social&utm_campaign=bp_social_youtube) [Pre-Order Devon’s New Book, "Real Estate Side Hustle"] (https://store.biggerpockets.com/products/real-estate-side-hustle?utm_source=youtube&utm_medium=description&utm_campaign=none) [Property Manager Finder] (https://biggerpockets.com/findapm) [See Dave, Devon, and Kathy at BPCON2024 in Cancun!] (https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none) [What Is Passive Real Estate Investing And Is It Right For You?] (https://www.biggerpockets.com/blog/passive-real-estate-investing?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Devon] (https://www.biggerpockets.com/users/devonk15?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Kathy] (https://www.biggerpockets.com/users/kfettke?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (03:18) Active vs. Passive Investing (09:13) Who Should Passively Invest? (14:45) Better Returns with Passive Investing? (19:20) Who Should Actively Invest? (25:42) Real Estate Note Investing (28:59) Best Active and Passive Investments Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1025] (https://www.biggerpockets.com/blog/real-estate-1025) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

02 Oct 2024

44 MINS

44:32

02 Oct 2024

#1047

A Better Retirement After Buying Just ONE Rental (and Never FOMO-ing)

[Mike Baum] (https://www.biggerpockets.com/users/michaelb393) owns just one rental property, but this one property alone has changed his life. It’s allowed him to become such an investing expert that he’s constantly being asked for his opinion on the [BiggerPockets forums] (https://www.biggerpockets.com/forums) , and he provides some of the most well-thought-out investing advice on the internet. So why does he have just one rental property, and why doesn’t he grow using his expertise? The answer isn’t that obvious. You wouldn’t know it, but Mike is permanently disabled. After overworking so hard that he ended up losing his vision, he was placed on disability for the rest of his working career. This high achiever was forced to slow down and find something else that could replace his day job. Shortly after his diagnosis, he found BiggerPockets and turned a family vacation home into a [short-term rental] (https://www.biggerpockets.com/guides/the-ultimate-guide-to-short-term-rental-properties) . Now, he’s got systems and processes that help him self-manage with very few headaches, and he will probably keep this property as his one and only rental for life. Why didn’t he “FOMO” in when everyone was gobbling up real estate in 2020? Why didn’t he grow his portfolio to become the next tycoon? Mike has some clear answers for why he did what he did, and after listening to him, you might change what you want, too. In This Episode We Cover: Why you DON’T need a large [real estate portfolio] (https://www.biggerpockets.com/blog/building-scaling-real-estate-portfolio) to find financial success when investing Why Mike tells beginner investors that they should NOT buy a short-term rental property The systems and processes Mike made to automate his vacation rental self-management (so he works less!) One thing you should do NOW before you start investing in real estate (it’s free!) The real result of [“FOMO” investing] (https://www.biggerpockets.com/blog/on-the-market-44) and how to stop shiny object syndrome from blowing you off course And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Short-Term Rental & Airbnb Investing Forum] (https://www.biggerpockets.com/forums/530) [Ask Your Question on the BiggerPockets Forums] (https://www.biggerpockets.com/forums?utm_source=owned_media) [Grab the Book, “Short-Term Rental, Long-Term Wealth”] (https://store.biggerpockets.com/collections/all-books/products/short-term-rental-long-term-wealth?utm_source=owned_media) [Find an Investor-Friendly Agent in Your Area] (http://biggerpockets.com/agentmatch) [See Dave at BPCON2024 in Cancun!] (https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none) [Investing in Short-Term Rental Properties: A Beginner’s Guide & How to Get Started] (https://www.biggerpockets.com/guides/the-ultimate-guide-to-short-term-rental-properties?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Mike] (https://www.biggerpockets.com/users/michaelb393?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (02:34) Losing Sight After Overworking (05:24) Empty Lake House? (08:52) Managing a Vacation Rental (12:20) Know This BEFORE You Buy (17:17) Just ONE Property (20:56) No-FOMO Investing (26:21) A “Very Interesting” 2025 Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1024] (https://www.biggerpockets.com/blog/real-estate-1024) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

30 Sep 2024

34 MINS

34:37

30 Sep 2024

#1046

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

[Cash flow] (https://www.biggerpockets.com/blog/rental-property-cash-flow-analysis) is hard to find in 2024, but these real estate markets have plenty of it. Since so many previously “cash-flowing” markets have seen rising prices, higher expenses, and limited housing inventory, we went back to the drawing board to reevaluate which markets in the United States offer the most cash flow potential. Today, we share these markets and hone in on two specific ones with real-life on-market examples to prove that cash flow is still possible. But before we get into that, we’re sharing the cash flow formula even beginners can use to quickly calculate whether a rental property will cash flow. Then, we describe what type of [cash-on-cash return] (https://www.biggerpockets.com/blog/cash-on-cash-return) WE target in today’s market and list some of the most cash-flowing markets of 2024. Want to see real cash-flowing rental property examples? We’re hopping over to [BiggerPockets Deal Finder] (https://www.biggerpockets.com/blog/deals) as we quickly analyze two separate rental properties in two cash-flowing markets to prove that these properties do sport some serious cash flow. Don’t believe us? Head over to [BiggerPockets Market Finder] (https://www.biggerpockets.com/markets) , where you can see the nation’s top rent-to-price investing areas (that’s where the cash flow is!). In This Episode We Cover: Two cities that have cash-flowing rental properties for sale RIGHT NOW Precisely how to calculate cash flow for rental properties (and why most investors do this wrong) The optimal cash-on-cash return we target that properties must meet before we bid on them The [1% rule ] (https://www.biggerpockets.com/blog/1-percent-rule-in-real-estate) explained and whether or not it’s still worth using in 2024 When to sell a cash-flowing rental, even if it’s making you mailbox money every month And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [On the Market] (https://www.biggerpockets.com/podcasts/on-the-market) [BiggerPockets YouTube] (https://www.youtube.com/@biggerpockets) [BiggerPockets Real Estate Investment Calculators] (https://www.biggerpockets.com/investment-calculators) [Try BiggerPockets Deal Finder] (https://www.biggerpockets.com/deals?utm_source=youtube&utm_medium=description&utm_campaign=none) [Learn All the Rental Property Formulas with “Real Estate by the Numbers”] (https://store.biggerpockets.com/products/real-estate-by-the-numbers?utm_source=youtube&utm_medium=description&utm_campaign=none) [Find an Investor-Friendly Agent in Your Area] (http://biggerpockets.com/agentmatch) [See Dave and Henry at BPCON2024 in Cancun!] (https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none) [Top 10 Real Estate Markets for Cash Flow in 2024] (https://www.biggerpockets.com/blog/best-real-estate-markets-for-cash-flow?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Henry] (https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1023] (https://www.biggerpockets.com/blog/real-estate-1023) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

27 Sep 2024

42 MINS

42:13

27 Sep 2024

#1045

What to Invest in When You’re NOT Buying Real Estate

Struggling to pick what to invest in, especially when real estate prices and [mortgage rates] (https://www.biggerpockets.com/blog/with-mortgage-rates-falling-when-should-investors-refinance) are still so high? Many investors are sitting on the sidelines, saving cash for their first or next investment property, but nothing seems to work out. So what do you do, keep your money socked away or invest in other assets that aren’t real estate while waiting for the right time to pull the trigger? We know many of you are in this position, so today, we’re sharing what we’re investing in that ISN’T real estate. This may be a surprise, but even some of the most well-known investors in the BiggerPockets universe aren’t 100% in real estate. Dave Meyer, Brian Burke, and Mindy Jensen all don’t have even half of their [net worths] (https://wwwdev.biggerpockets.com/blog/glossary/net-worth) in [real estate investments] (https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide) . As such respected real estate investors, what else are they putting their money into that ISN’T more rental properties? In this episode, you get to peek into our investment accounts as we share exactly what we’ve been investing in, how we diversify our investment portfolios, and the “riskier” assets we put our money into that you may not even know exist. So, if you’re struggling to buy real estate or just don’t think investment properties are for you, worry not; you can still [build wealth] (https://www.biggerpockets.com/blog/how-to-build-wealth-with-real-estate) without purchasing a property. In This Episode We Cover: Alternatives to real estate investing that we’re investing in NOW [Diversifying your investment portfolio] (https://www.biggerpockets.com/blog/how-the-best-real-estate-investors-diversify-their-portfolios) and why you SHOULDN’T hold just one type of asset The “riskier” investments that we’re making and how much money we allocate for them De-risking your portfolio by buying safer, passive, less volatile assets What beginners should do to build wealth even with a small(er) amount of money Whether to continue waiting on the sidelines or start investing NOW And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [BiggerPockets Money Podcast ] (https://www.biggerpockets.com/podcasts/money) [On the Market] (https://www.biggerpockets.com/podcasts/on-the-market) [Get Banking Built for Landlords with Baselane] (https://www.baselane.com/lp/bigger-pockets?utm_source=partner_biggerpockets&utm_medium=Social&utm_campaign=bp_social_youtube) [Invest Passively with Brian’s Book, “The Hands-Off Investor”] (https://store.biggerpockets.com/products/the-hands-off-investor?utm_source=owned_media) [Find an Investor-Friendly Agent in Your Area] (http://biggerpockets.com/agentmatch) [See Dave and Mindy at BPCON2024 in Cancun!] (https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none) [Real Estate Isn’t Enough—Here’s How Three Pro Investors Diversify Their Portfolios] (https://www.biggerpockets.com/blog/how-the-best-real-estate-investors-diversify-their-portfolios?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Brian] (https://www.biggerpockets.com/users/cirrusav8or?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Mindy] (https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (03:16) How Much Real Estate We Own (06:33) Allocating Your Cash (11:17) "Riskier" Investments (18:40) What Beginners Should Do (27:51) Diversifying Your Real Estate (35:32) Wait to Buy? (38:49) What We WANT to Invest In Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1022] (https://www.biggerpockets.com/blog/real-estate-1022) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

25 Sep 2024

51 MINS

51:01

25 Sep 2024

#1044

Turning One Property into an Entire Portfolio by Doubling Down on This Niche

“Glamping” investments have slowly become massive money-makers in the real estate industry. What used to be someone setting up a tent and potentially a portable toilet for guests looking to get into nature has now become a full-blown luxury business that travelers will pay good money to get a taste of. One large glamping property allowed today’s investor, [Garrett Brown] (https://www.biggerpockets.com/users/garrettbrownre) , to replace his music producer job and reach levels of success most [short-term rental] (https://www.biggerpockets.com/guides/the-ultimate-guide-to-short-term-rental-properties) investors can only dream of. Garrett owns a ten-acre piece of land in a lake town outside Houston, Texas. Even though many non-Texans won’t be familiar with the area, local travelers flock to it to escape the big city. Since buying the property, Garrett has made some serious expansions, such as building cabins (and even geo-domes) with WiFi, running water, and the creature comforts many of us don’t want to live without. Plus, Garrett is doing it all while getting most of his bookings directly from social media. That’s right, he has (mostly) cut out [Airbnb] (https://www.biggerpockets.com/blog/6-steps-started-airbnb) and other middlemen booking platforms, so he keeps much more of the profit and even gets his guests to upgrade with “add-on packages” that make the deal even sweeter. You can do it, too, but you’ll need to hear how Garrett does it in this episode! In This Episode We Cover: Why “glamping” has become such a popular (and profitable) version of short-term rental investing The “sixty-thirty-ten” rule that helps you identify the [best areas for short-term rentals] (https://www.biggerpockets.com/blog/best-short-term-rental-markets-for-high-returns-and-growth) Leaving your career to build income streams that don’t take up all of your time How to get seventy to eighty percent of your guest bookings through [direct booking] (https://www.biggerpockets.com/blog/stop-relying-on-airbnb-and-vrbo-and-build-a-business-you-control) Why you should offer your guests “add-on packages” that help make YOU more revenue The reason you should “start small” when building out your glamping sites And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Put Your Vacation Rental on Autopilot with Hospitable] (https://hospitable.com/biggerpockets-2/?utm_source=biggerpockets&utm_medium=referral) [Grab the Book, "Short-Term Rental, Long-Term Wealth"] (https://store.biggerpockets.com/collections/all-books/products/short-term-rental-long-term-wealth?utm_source=owned_media) [Find an Investor-Friendly Agent in Your Area] (http://biggerpockets.com/agentmatch) [See Dave and Garrett at BPCON2024 in Cancun!] (https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none) [Investing in Short-Term Rental Properties: A Beginner’s Guide & How to Get Started] (https://www.biggerpockets.com/guides/the-ultimate-guide-to-short-term-rental-properties?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Garrett] (https://www.biggerpockets.com/users/garrettbrownre?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (01:49) Music Producer to…Real Estate? (08:50) His First House Flip (11:50) Switching to Short-Term Rentals (18:11) Buying 10 Acres and Building Cabins (23:57) Can Anyone Do This? (30:21) Getting Guests Through Social Media (34:33) Start Small! (36:31) Learn from Garrett! Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1021] (https://www.biggerpockets.com/blog/real-estate-1021) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

23 Sep 2024

45 MINS

45:28

23 Sep 2024

#1043

BiggerNews: Renters Regain Control and a New Rent Price Forecast for 2025

[Rent prices] (https://www.biggerpockets.com/blog/rent-prices-are-guaranteed-to-rise-over-the-next-two-years) have come down to earth after their meteoric growth of 2020 - 2022, but what will they do in 2025? Will we continue to see slow (or no) rent price growth, or could lower [interest rates] (https://www.biggerpockets.com/blog/investors-stop-worrying-about-rates-in-2024) push more households to form and demand to jump? With so much multifamily housing supply and the Fed’s recent rate cut decision, we’ve got a lot to unpack on this BiggerNews episode. Thankfully, we have Apartment List’s Chief Economist, Igor Popov, to help us. We’re talking about rent prices: where they are, where they’re going, and what’s impacting them in 2024 (and into 2025). Unsurprisingly, we’ve got a lot of [multifamily] (https://www.biggerpockets.com/guides/buying-multifamily) supply—apartments are giving huge concessions to lease up. But what if we told you we were oversupplied AND undersupplied at the same time, and in a few years' time, demand could heat up again? Igor gives a rare 2025 rental market forecast, his take on what’s impacting rent growth, and whether the “oversupply” of multifamily is hurting single-family rental investors’ chances to get higher rents. In This Episode We Cover: A 2025 [rental market forecast] (https://www.biggerpockets.com/blog/2024-rental-market-forecast) and whether we’ll see rents grow, decline, or flatten next year The areas where all the rental money is moving to (things have REALLY changed) More renter control as the oversupplied multifamily market searches for tenants Why the housing market is currently in a dangerous flood-drought combination Will sluggish multifamily rent prices push [single-family] (https://www.biggerpockets.com/blog/single-family-investing-benefits) rents down with them? And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Apartment List Research ] (https://www.apartmentlist.com/research) [Invest in Turnkey Properties with REI Nation] (https://info.reination.com/qr?utm_campaign=Bigger%20Pockets%20-%20YouTube%20QR%20Overlay%20Ad&utm_source=youtube&utm_medium=paidsocial) [Grab Dave’s Newest Book, “Start with Strategy”] (https://store.biggerpockets.com/products/start-with-strategy?utm_source=youtube&utm_medium=description&utm_campaign=none) [Find an Investor-Friendly Agent in Your Area] (http://biggerpockets.com/agentmatch) [See Dave at BPCON2024 in Cancun!] (https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none) [What Happens to Rent Prices When 1,000,000 New Units Come Online in 2024?] (https://www.biggerpockets.com/blog/on-the-market-195?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (03:55) Anything But “Normal” Rent Prices (08:54) Money is in Suburbs (12:59) More Renter Control (17:00) Multifamily vs. Single-Family Rents (18:09) Lots of Supply, Not Enough Supply (23:08) 2025 Rent Prediction (25:52) Learn More from Igor! Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1020] (https://www.biggerpockets.com/blog/real-estate-1020) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

20 Sep 2024

33 MINS

33:52

20 Sep 2024

#1042

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

Can your mistakes make you a millionaire? If you’re like Craig Curelop and learn from what went wrong, then yes! Craig is now financially free, with millions of dollars in equity, thousands in monthly [cash flow] (https://www.biggerpockets.com/blog/rental-property-cash-flow-analysis) , and a thriving business. But, back when he was starting, he made a few mistakes that cost him a sizable amount of money, took years of time away, and put serious stress on his shoulders while trying to grow his [real estate portfolio] (https://www.biggerpockets.com/blog/building-scaling-real-estate-portfolio) . Thankfully, you can take his lessons to heart, so YOU don’t have to make them yourself. Today, we’re talking about one of Craig’s real estate deals that went wrong. What was supposed to be a profitable out-of-state [BRRRR (buy rehab rent refinance repeat)] (https://www.biggerpockets.com/guides/brrrr-method) investment quickly turned into contractor scams, danger, theft, and even…love. Yes, love is part of it, too. Craig lost a significant sum on this deal, but if you follow his advice, you don’t have to repeat the same mistakes. Even though this was a property from hell, Craig still kept investing, eventually reaching [financial freedom] (https://www.biggerpockets.com/blog/financial-freedom-at-the-lowest-barrier-of-entry) and living his dream life. Something WILL go wrong when you start investing in real estate—just make sure it wasn’t what Craig went through. In This Episode We Cover: Real estate investing mistakes that lost Craig money on his first [out-of-state investment] (https://www.biggerpockets.com/blog/investing-in-real-estate-out-of-state) Interviewing agents and why it isn’t enough to work with someone based on a good feeling The easy way to avoid a contractor taking your money WITHOUT doing work Why a cheap deal doesn’t mean it’s a good deal (be really careful) Cutting your losses early and when you should give up on a project that’s going south Why you MUST check references on everyone you work with on a real estate deal And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Grab Craig’s Book, “The House Hacking Strategy”] (https://store.biggerpockets.com/products/the-house-hacking-strategy?utm_source=owned_media) [Find an Investor-Friendly Agent in Your Area] (http://biggerpockets.com/agentmatch) [See Dave at BPCON2024 in Cancun! ] (https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none) [Contractor Nightmares: 5 Red Flags to Watch For and How to Escape a Bad Hire] (https://www.biggerpockets.com/blog/red-flags-to-avoid-with-contractors-and-how-to-escape-a-bad-hire?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Craig] (https://www.biggerpockets.com/users/craigcurelop?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (02:04) House Hacking 8 Times! (05:28) One Really Bad BRRRR (14:41) Worst Contractor Ever? (25:59) Finally Selling It (27:54) The Good Ending (30:10) Failing Fast (34:45) Should I Fire My Property Manager? Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1019] (https://www.biggerpockets.com/blog/real-estate-1019) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

18 Sep 2024

47 MINS

47:11

18 Sep 2024

#1041

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

Your small town might be the best place to invest in real estate, even if it’s got only a few thousand residents. We know—everyone has told you to go to the bigger, growing cities where you can chase appreciation, but today’s guest might change your mind. He was able to scale to over twenty rental properties in just a few years, all by buying in his rural Ohio town that you’ve probably never heard of. Even better? He bought the rentals with none of his own money, AND he was cash-flowing THOUSANDS per month. So how do you do it, too? Josh Bauerle tried to invest in real estate back in 2006. What was supposed to be a “quick flip” turned into a thirteen-year investment, which (thankfully) made a bit of money by the end. After taking a decade off from [real estate investing] (https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide) , he got back in the game, first by buying a rental from his father and then by purchasing a twelve-unit [real estate portfolio] (https://www.biggerpockets.com/blog/building-scaling-real-estate-portfolio) from a local friend. He then scaled FAST to a serious amount of rentals, all in a tiny town with a small population. After that, he stumbled upon the best-kept cash flow secret in real estate investing: [section 8] (https://www.biggerpockets.com/blog/pros-cons-section-8) rentals. Today, Josh is sharing how he did it without using his own money, and how you can do it, too, whether you’re in a sizable city or a small town. In This Episode We Cover: Why living in a small town is a HUGE advantage for real estate investing [Seller financing] (https://www.biggerpockets.com/blog/seller-financing) 101 and how to buy rental properties without getting a traditional loan Using other people’s money to build a rental property portfolio Section 8 rentals, the pros and cons, and why they get you MORE rent than regular rentals The simple way that Josh has found his [off-market real estate] (https://www.biggerpockets.com/blog/off-market-properties) deals with social media And So Much More! Links from the Show [Join BiggerPockets for FREE] (https://www.biggerpockets.com/signup?utm_source=owned_media) [Let Us Know What You Thought of the Show!] (https://www.BiggerPockets.com/Podcastfeedback) [Get Free Property Management Software for Landlords with Hemlane] (https://www.hemlane.com/free-biggerpockets/?utm_source=biggerpockets&utm_medium=partnership&utm_campaign=bpyoutube_free) [Grab Dave’s Newest Book, “Start with Strategy”] (https://store.biggerpockets.com/products/start-with-strategy?utm_source=youtube&utm_medium=description&utm_campaign=none) [Find an Investor-Friendly Agent in Your Area] (http://biggerpockets.com/agentmatch) [See Dave at BPCON2024 in Cancun!] (https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none) [The Pros and Cons of Accepting Section 8 Housing] (https://www.biggerpockets.com/blog/pros-cons-section-8?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Josh] (https://www.biggerpockets.com/users/joshb176?utm_source=youtube&utm_medium=description&utm_campaign=none) [Connect with Dave] (https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none) (00:00) Intro (01:27) A Failed "Quick Flip" (05:47) Taking a 10-Year Investing Break (09:17) Buying 13 Units at Once (15:13) Quitting His Job/Business (18:26) Using Other People's Money (20:11) Moving to a Bigger Market (23:53) Making More with Section 8 (30:10) Scaling Fast! Check out more resources from this show on [BiggerPockets.com] (https://www.biggerpockets.com/) and [https://www.biggerpockets.com/blog/real-estate-1018] (https://www.biggerpockets.com/blog/real-estate-1018) Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [advertise@biggerpockets.com] (mailto:advertise@biggerpockets.com) . Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices) ... Read more

16 Sep 2024

40 MINS

40:05

16 Sep 2024

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#1069

Landlords, What Are Your Wildest Tenant Stories?

#1068

Financial Freedom in 8 Years by Investing for Equity (NOT Cash Flow)

#1067

BiggerNews: How Much of a Return Should Your Investment Property Produce?

#1066

The Massive Opportunity of Overlooked On-Market Deals

#1065

5 Rentals and 4 Flips WITHOUT Needing a W2!

#1064

How to Invest in Real Estate in 2025 (with NO Experience)

#1063

Can You Still Find On-Market, Cash Flowing Rentals in 2024? (We Found Some)

#1062

The Hidden Opportunity of Property “Rezoning” Making This Investor Wealthy

#1061

10 Things We Hate About Real Estate Investing

#1060

The Housing Market is Changing (Deals Are Coming in Winter)

#1059

Building a Rental Portfolio WHILE Working W2s by “Recycling" Their Money

#1058

BiggerNews: This Area Has the BEST Cash Flow Potential in the Country

#1057

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

#1056

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

#1055

BiggerNews: The “Clues” That Point to a Phenomenal Investing Neighborhood

#1054

2 Resources OTHER Than Money You Can Use to Get into Real Estate Investing

#1053

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

#1052

BiggerNews: “Boomtowns” Are Declining…It’s Time to Take Advantage

#1051

How to Invest in Real Estate with $50K in 2024

#1050

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

#1049

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

#1048

Active vs. Passive Investing: Make Higher Returns With Less Headache?

#1047

A Better Retirement After Buying Just ONE Rental (and Never FOMO-ing)

#1046

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

#1045

What to Invest in When You’re NOT Buying Real Estate

#1044

Turning One Property into an Entire Portfolio by Doubling Down on This Niche

#1043

BiggerNews: Renters Regain Control and a New Rent Price Forecast for 2025

#1042

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

#1041

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