BiggerPockets Real Estate Podcast

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BiggerPockets Real Estate 1252 - I Had 4 Kids, No Cash, and a Traveling Spouse: Now I’ve Got 4 Rentals w/Joanna Caldera

Rich Dad Poor Dad

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What Happened to Real Estate Investing?

Fri, 10 Apr 2026 11:00:00 -0000

What happened to real estate investing?

From 2010 until 2022 everyone wanted to buy real estate. Fortunes were being made, cash flow was plentiful in many markets, and real estate seemed to only go up…until it didn’t. Now influencers are saying “real estate is dead,” some investors have given up on financial freedom, and many are taking a pause.

But, if you ask any American if home prices will go up in the next ten years, they will reply “of course!” Is it the same with stocks, crypto, precious metals? Not at all. So, where are we at in the cycle? Is this the bottoming-out period that 2030s investors will look back on and wish they could have bought, or is this the new normal now that the “goldilocks era” of investing is over.

Today, we’re answering two questions: What happened to real estate investing and why we’re still investing in it, today. It may not be as easy, but it’s still looking so worth it as crypto falls off a cliff, stocks see their worst weeks in years, and real estate deals get more meat on the bone. This is why we’re still investing in real estate today, even if we’ll never return to the 2010s era.

In This Episode We Cover

What happened to real estate investing? Why cash flow was uniquely easy to get in the 2010s

Market pain = opportunity: the real reason why experienced investors are heavily buying in 2026

The “get rich quick with real estate” expectations are wrong (but you can still retire early with rentals)

How we’re changing our strategies in 2026 to buy at bigger discounts and protect against downside risk

And So Much More!

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We’re Selling Our Rentals (Here’s Why)

Wed, 08 Apr 2026 11:00:00 -0000

We’re selling off rental properties. Nope, that’s not clickbait; we’re actually getting rid of cash-flowing rental properties from our real estate portfolios.

But why? And why now?

Is there a market crash we fear is coming? Do we think this is the peak of real estate? Have we finally decided to listen to the social media doomers who keep telling us it’s another 2008? Not quite. Instead, our reasoning behind selling might make a lot more sense than you think. In fact, after you listen to this episode, you might decide to sell some rentals.

So, what are we doing with the money? Are we going to sit on cash, pay off properties, or retire early? Both Dave and Henry have different reasons for selling, but both agree there’s one thing you should do (at least twice a year) to see whether you should sell properties in your portfolio.

Thought you were supposed to “hold forever,” as many of the traditional real estate investors have told you? We have proof that selling can often make you much wealthier than holding—here’s how.

In This Episode We Cover

Why we’re selling parts of our rental property portfolios in 2026

Signs you should sell a rental instead of holding, renovating, or paying it off

What we’re going to do with the money from our property sales

Is the market too risky to hold real estate right now? (We may buy even more)

The one thing every investor should do (at least) twice a year to make the highest returns

Buying from landlords? Great deal funnel or overpriced properties?

And So Much More!

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I Replaced My $80K Salary with 2 Real Estate Deals Per Year

Mon, 06 Apr 2026 11:00:00 -0000

Five years ago, Martin Castro-Silva was working at a bank, earning $80,000 per year. Not a bad gig, but one thing was eating at him—he was missing the moments with his two kids, three and one years old at the time.

It wasn’t until Martin picked up a pattern that everything changed—all his wealthy clients at the bank were in real estate, and one was willing to show him the ropes. So, using the limited savings he (and his mom!) had, he took a chance with zero investing experience. He knocked his first deal out of the park and replaced HALF of his salary while working on the side. This had to be it. THIS was his ticket to freedom.

Now, in 2026, Martin has an income-replacing machine of a real estate business—he completely controls his schedule and has put his family in their dream home. He’ll talk about exactly how he found, funded, and profited on his first house flips, the huge trap that most beginners will easily fall into, and the reason why telling everyone you invest in real estate is one of the smartest moves you can make.

Ready to replace your salary like Martin? He did it with just two deals per year—so why can’t you?

In This Episode We Cover

How to replace your salary with active real estate deals (even in 2026!)

Using a home equity line of credit (HELOC) to fund real estate deals faster

Quit your job for real estate? What Martin asked himself before he walked away

The big mistake that cost Martin thousands of dollars on his house flip (easily avoidable!)

The best way to find real estate deals that’s 100% free (but requires some talking)

Afraid to buy your first real estate deal? Martin has some advice for you!

And So Much More!

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The Most Boring Way to Get Rich with Rentals

Fri, 03 Apr 2026 11:00:00 -0000

This is the most boring way to get rich with rentals.

It’s not flashy, it’s not sexy, but it works—and it doesn’t even take that long to pull off. You don’t need to have hundreds of thousands of dollars saved up, investing experience, or dozens of rental properties. In fact, you can build over a million dollars in wealth with just four to five properties: no big apartment complexes, no complicated strategies, no sketchy financing.

That’s what we’re all after, right? Boring ways to build wealth. We want consistent five and six-figure cash flow hitting our bank accounts every year with millions in equity. But if it’s so boring and easily accessible, why isn’t everyone doing it?

Well, that’s where many Americans are wrong—thousands of real estate investors are using this same strategy to slowly and steadily build wealth without the stress of scaling a huge real estate portfolio. Dave has done it, dozens of top investors we’ve interviewed on the show have done it, and now you can, too—even if you’re starting from square one.

This is the boring way to build wealth with real estate.

In This Episode We Cover

The most boring real estate investing strategy to become a millionaire

How to get into your first investment property with significantly less than you think

The best beginner rental properties to buy with value-add potential (increase equity!)

Full math of how just a handful of rentals can become over a million dollars in equity (and $90K+/year cash flow!)

How to use your home equity to invest so you can recycle your money

The simple, beginner-friendly value-add renovations that can boost home value by $10K+

And So Much More!

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He Bought After 2008, Sold at the Peak, and JUST Bought Again

Wed, 01 Apr 2026 11:00:00 -0000

Few investors have gotten the real estate market as right as Brian Burke. He bought heavily discounted deals after 2008, sold at the post-2020 peak, waited years to buy, and finally just made his next big move—taking down a profitable, large investment property for 50%+ off. If he’s finally getting back into the market, should you, too?

Brian has owned thousands of rental units across dozens of apartment complexes, bought and sold 500+ single-family homes, and seems to innately know the time to buy, the time to sell, and, as he puts it, the time to sit on the beach. Brian is seeing seller pressure start to peak across a specific type of investment property—loans are coming due, and banks are forcing owners’ hands. This is the opportunity we’ve all been waiting for.

In today’s episode, Brian explains how to get in front of these deals before other investors, the sector seeing the biggest discounts (50%+ off), and what small, single-family investors should do now to capitalize on the growing opportunity everyone seems to be ignoring.

Heaven in 2027 for investors? Brian’s been saying it for years—looks like he’s about to be proven right.

In This Episode We Cover

Are short sales back? How desperate sellers are giving up their properties at massive discounts

How Brian scored 50%+ off on an investment property most investors overlook

How to find seriously discounted properties before they reach the general public

Brian’s real estate prediction for 2026 and 2027 (it could get a lot better for buyers)

Are syndications…dead? What Brian says to do before you passively invest money

And So Much More!

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The Basic, Starter Rentals That Cash Flow Me $120,000/Year

Mon, 30 Mar 2026 11:00:00 -0000

Six figures in cash flow per year from nine paid-off properties. That’s the definition of a small, powerful, profitable rental property portfolio. And today’s guest, Greg Roedersheimer, did it all within the last five years by buying the type of property every tenant truly wants.

Back in 2007, Greg’s agent told him it was time to buy. Little did he know that in just a year, he would be unable to sell that property and would be forced to become an accidental landlord. 13 years later, after having his pre-40s “midlife crisis,” Greg knew he needed a way out of corporate with cash flow to replace his salary. He settled back into real estate, but this time the market was very different.

Through smart partnerships, savvy saving, and targeting the exact type of property that has the most demand potential, Greg has built a small, financially freeing portfolio that has allowed him to regain his time with his kids, dedicate hours to his hobbies, and partner up to make win-win deals for him, his partner, and his tenants!

In This Episode We Cover

The types of rental properties that have the highest demand from today’s tenants

Why even small rental properties (condos!) can cash flow in the 2020s

Don’t have enough money to invest? How to partner up and get your first deal

Self-management vs. hiring a property manager: Why Greg does what he does for his nine-unit portfolio

How to go from “turnkey” landlord to “value-add” investor and make serious equity gains

The best beginner advice if you’re on the fence about buying your first rental

And So Much More!

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If You're Scared About the Economy, Listen to This

Fri, 27 Mar 2026 11:00:00 -0000

If you’re scared about the economy, you need to hear this.

You probably either invest in real estate or want to, but nothing seems stable. Wars have begun. Gas prices are rising. Mortgage rates just went back up. It feels like things are getting more unstable by the day, and the average American is struggling to get by. This is a transitionary time in the economy, and we’re making proactive moves to limit the downside (and take advantage of the upside) starting now.

Some real estate is more recession-resistant than others—and that’s what we’re focusing on now. Dave and Henry are outlining the properties they’re looking to buy as risk and opportunity rise simultaneously. If you’re new to real estate investing, we’ll tell you what we’d do starting now to get the lowest-risk rental property in 2026 and which markets could be worth putting your money into.

Current investors—it’s time to start “pruning.” You said you’d never sell, but now may be the time. Both Dave and Henry are actively looking to offload some of their properties to make way for the buying opportunities to come. There are clear signs you should sell in today’s housing market, and if you own a rental property meeting this criteria, it could be time to get that cash out ASAP.

In This Episode We Cover

The best recession-resistant assets? Why we’re still buying this type of real estate

How to invest in real estate even when it feels like the economy is falling apart

Signs you should sell a rental property before the economy gets even worse

The lowest-risk real estate investments that still have solid upsides in 2026

The “green light, yellow light, red light” exercise every current investor needs to perform on their portfolio

And So Much More!

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Making Money 7 Different Ways on Each Property (Without Even Owning It!)

Wed, 25 Mar 2026 11:00:00 -0000

This investor makes six figures in profit without putting a single dollar into her real estate deals. Using a new real estate investing “model,” Chauncey Pham has cracked the code to make as much profit as possible from a single property. It’s so genius, we’re surprised no one has come up with it before, but today we’re sharing it with you.

Chauncey has always been good at sales—clearly, when she replaced her W-2 income in the first three months of being a real estate agent. She saw her investor clients making money hand over fist, and thought, “If they can do it, why can’t I?” So her husband quit to help her try flipping houses. The first deal netted a $60K profit.

That was it. It was time to go all-in.

But then Chauncey realized something crucial. In every house flip, dozens of people are getting paid. The buyer’s agent, the seller’s agent, the lenders, the contractors, the stagers, and the title company. This was six figures in expenses that she could be collecting. So, she created a new “model,” what she calls “turnkey house flipping,” that allows her to make six figures without putting a dollar into the deal.

This is exactly how she does it.

In This Episode We Cover

How to make six figures with zero dollars invested in your real estate deals (Chauncey’s investing “model”)

Why Chauncey thinks every investor should heavily consider becoming a real estate agent

The perfect seller script when buying off-market real estate deals (real example)

Chauncey’s exact house flipping numbers and how much she makes off of each deal

Investors: you need to understand this before you talk to an agent (crucial!)

And So Much More!

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The “Escape Corporate” Rental Property Plan I Followed to “Retire” in My 30s

Mon, 23 Mar 2026 11:00:00 -0000

15 years ago, Matt McCurdy had everything—a good corporate job, a great degree, and a path to a comfortable retirement…in 30 years. The problem? Matt didn’t want to wait 30 years to live the life he envisioned, and spending three more decades on the “corporate treadmill” was looking increasingly bleak as the days passed.

But within just five years, Matt escaped the cubicle life, replaced his income with rental properties, and then scaled up to 50+ rentals and financial freedom decades before traditional retirement age. How’d he get there so fast?

The rental property “plan” Matt devised is something most investors ignore. This detailed strategy for acquiring rental properties helped him scale to millionaire wealth even without any prior experience. Matt’s secret to supercharged growth? Buying rental “packages” that are often underpriced and ignored by most of the small landlords in your area.

Matt’s sharing all his secrets today—how he scaled to 50+ units, how he bought 20 (yes, 20) rental properties with just $35K down, and the dangerous sewer line problem that you don’t have to learn the hard way.

In This Episode We Cover

The rental property “plan” every investor needs to design before they start or scale up

How to buy 10+ rental properties at once by investing in rental “packages”

Quitting corporate in under 10 years? How Matt did it in just five years of real estate investing

The one big mistake Matt made on his first rental property (you can avoid it)

An affordable housing investment that Matt is doubling down on as the middle class shrinks

And So Much More!

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The Great Stall is ON | March 2026 Housing Market Update

Fri, 20 Mar 2026 11:00:00 -0000

The “Great Stall” is on. Home prices are stagnating or falling, and the hot markets are slowing down. Now, 40% of the U.S. housing market is in decline. This is exactly what we were waiting for. But new risks to the real estate market could flip this “stall” into something more serious. War. Spiking oil prices. A white-collar recession. What happens now?

We’re back with March’s housing market update, giving you the newest data on home prices, inventory, affordability, and some surprisingly good insurance news.

We’re living through what Dave predicted many months ago—the Great Stall. And while it may not sound all that great, there are actually some huge benefits of this stagnant market being passed on to homebuyers and real estate investors. In fact, your home insurance may actually be shrinking because of it. We’ll get into detail on that in the show.

But what about new risks? War in the Middle East, spiking gas prices, and rising unemployment. All of these could have serious effects on real estate. This isn’t 2008 again, but we’re carefully watching one metric that (if increased) could pose a substantial threat to the housing market.

In This Episode We Cover

Why home prices “stalling” is actually a good thing for investors and homebuyers

Cheaper mortgage payments? Huge news for U.S. housing affordability

Why home insurance prices are actually going down in the areas you’d least expect

How to save 5%-10% on your landlord insurance immediately (90% of people don’t do this)

The biggest risks to real estate which could threaten the housing market

Buyers: It’s time. Why you should start negotiating hard on home price

And So Much More!

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We Achieved Financial Freedom in 5 Years with Rentals (Doing These 5 Things)

Wed, 18 Mar 2026 11:00:00 -0000

In just around five years, these two investors went from zero rentals to financial freedom through real estate. In their own words, “I want as few doors as possible with as much money as possible.”

That’s what we’re all after as real estate investors. How can we generate the most passive income with the fewest properties, headaches, and issues to deal with? A little over five years ago, Amelia McGee and Grace Gudenkauf were willing to buy any property with any problem, to get in the game. They wanted to quit their jobs, become their own bosses, own their time, and live the lives they imagined—not be tied to a paycheck.

Now, they’ve achieved financial freedom and are sharing the five things that got them there. What’s the one thing Grace and Amelia say every new landlord should put in place at the start? Why is day-one cash flow overrated, and what’s the thing that actually makes you wealthy? Plus, why do they think “growing” to a big portfolio is too risky and not worth the effort?

Grace and Amelia learned all these lessons the hard way over the past five years. Today, we’re giving them to you in under an hour so you can get to financial freedom even faster.

In This Episode We Cover

Why you don’t want a big real estate portfolio and the much better alternative

Stop focusing so much on cash flow: Why chasing passive income is delaying your financial freedom

Stop growing, start selling: The single most important piece of advice for current investors

The one crucial metric that shows whether you should keep a rental or sell it

One type of rental property that Grace says is solving all her problems

And So Much More!

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I Had 4 Kids, No Cash, and a Traveling Spouse: Now I've Got 4 Rentals

Mon, 16 Mar 2026 11:00:00 -0000

Just three years ago, Joanna Caldera was working as a nurse, raising four children while her husband was gone most of the month in the oil fields. She wanted time with her kids and her husband to come home, but all of that required money.

Now, just three years later, she has four rental units, has made $130K in profit from her first two house flips, has replaced her nurse’s salary with real estate income, and has her dream home. Anyone can do the same, using the strategies she shares today, even if you have no experience, even if you’ve got very little cash to play with.

Joanna even overpaid for her first property by $20,000—a mistake almost every rookie investor is scared to make, but it paid off. She’s done everything—cosmetic flips, BRRRRs (buy, rehab, rent, refinance, repeat), added floors and rooms, dealt with hoarder houses, and did it all in between picking up her kids from school, taking them to practice, and oftentimes while working a nurse’s shift.

Joanna proves real estate investing is possible for everyone, and within just a few years, your life can completely change because of it.

In This Episode We Cover

How to invest in real estate when you have very little time or cash

Why “overpaying” for a property is not a bad idea (if your situation is like Joanna’s)

Using your home equity to invest and why HELOCs are an investor’s secret weapon

Pulling off the “perfect BRRRR” and getting a renovated house for very little money

Raising private money from your friends and family when starting to invest (and how to protect their principal)

Making six figures to renovate your dream home? Joanna did it, you can, too

And So Much More!

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If I Had to Start Over in Real Estate in 2026, I’d Do This Now

Fri, 13 Mar 2026 11:00:00 -0000

If we had to start our real estate portfolios over again in 2026, this is exactly what we’d do. If you’re just beginning to buy rentals or want to overhaul your current portfolio, this is the episode to listen to.

Tim Yu went from zero rental properties to a dozen in just four years, but looking back, he would have done things very differently. He could have made more passive income, stressed less, worked smarter, and saved himself from a ton of headaches. Now, he’s sharing with you what to do instead, so you don’t make the same mistakes. Fast forward to today: Tim is now buying properties that cash flow $3,000-$5,000 per month thanks to the lessons he learned.

Why does Tim regret scaling fast with single-family? Why do most people quit their jobs too soon after their first taste of real estate success? And why is Tim only trying to buy one solid investment property per year? His answers go against most real estate advice, but following his lead could accelerate your path to financial freedom.

In This Episode We Cover

The easiest first rental property new investors should try before scaling

How to “test” new strategies so you don’t lose money (like Tim did)

Why Tim kept his job even while making serious money in real estate

The real estate analysis mistake Tim made that cost him time, sleep, and money

Why you only need to buy one solid investment property per year (scale slower, make more!)

And So Much More!

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The Financial Freedom "Stack": Start with No Rentals, Retire Decades Early

Wed, 11 Mar 2026 11:00:00 -0000

This is the proven path to becoming a real estate millionaire, retiring early, and gaining complete financial independence. It’s not hard, but it takes time, work, and forethought. If you can follow this financial freedom “stack,” you’ll be able to retire early, or retire much richer, like today’s guest.

Andrew Giancola, host of The Personal Finance Podcast, beat the system. He reached financial independence in his 30s, not through luck, market timing, or big bets, but through slow, smart money moves and purchasing enough rentals to buy back his time. He reverse-engineered his path, creating the 11-step financial freedom “stack” that anyone can use to become a millionaire and retire early.

The “stack” starts at the beginning. You don’t need any money or experience to start. The genius part of the system is that it almost automatically puts you in the best possible position to invest, reinvest, and finally retire how you want. We’re going into detail on each step of the “stack” so you can follow it, find financial freedom, and live life completely on your terms.

In This Episode We Cover

The 11 (repeatable) steps to go from no rentals to complete financial freedom

How to trade your time for rental properties (if you’re starting with no money)

The least amount of money you should have before you begin investing

How much do you need to retire? Calculating your “freedom number” fast

Still got “bad” debt? What to do ASAP before buying your first rental

How to pick a real estate investing strategy based on your savings

Don’t just invest in rentals: Why Andrew and Dave think "100% rentals" is too risky

“Wealth accelerators” that supercharge your net worth

And So Much More!

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How Dave Went from Broke, Living in Grandma’s Basement to Rental Millionaire

Mon, 09 Mar 2026 11:00:00 -0000

This investor started with $0 in the bank, waited tables to buy rental properties, secretly moved into a retirement community to save money on rent, and borrowed a down payment just to get into his first home. Now, 16 years later, he’s financially free, has surpassed the millionaire mark, and never got caught in the “buy a hundred units” trap.

This might be one of the most intriguing guests we’ve ever had on the show. He went against all odds to build wealth that a job couldn’t take away, found “secret” rental units everybody overlooked, and even reverse-engineered government documents to find out where the next prime rental property location would be, so he could buy exactly where the demand was going.

Some would call him a genius; others, a pioneer. But we just call him the man with sandwich crumbs on his shirt because today we’re finally sharing the Dave Meyer origin story, and a lot of it we didn’t even know.

In This Episode We Cover

How to go from broke twenty-something-year-old to real estate millionaire before you’re 40

You don’t need a down payment? How to partner up to cover your first real estate investment

Sneaking into a retirement community to pay lower rent (worth the risk?)

The secret rental units that most people overlook (Dave and Henry have found them)

The best rental ever? How to use local government data to pinpoint exactly where to buy

Moving abroad while managing rental properties? How Dave kept his rentals running while in a different time zone

And So Much More!

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10 Things We Wish We Knew Before Buying a Rental Property

Fri, 06 Mar 2026 12:00:00 -0000

If you know these 10 things before you start investing in real estate, you’ll reach financial freedom faster, make more money with fewer rentals, and keep your stress levels in check. But if you don’t, you’ll learn them the hard way, as many investors do.

These are the 10 things we wish someone had told us before we started buying rental properties.

If you’re like most beginners, you’ve probably got a big goal: 50 rentals in 5 years so that you can be financially free by 30, 40, or 50! Or, you think you’ll buy a handful of rental properties, turn on property management, and coast into the sunset, a millionaire investor with your rentals running on autopilot.

What if we told you the reality is very different, but the results are better than you can imagine? Both Dave and Henry reached financial freedom with rental properties in under fifteen years, without falling into the traps most aggressive “investors” do. Today, they’re sharing what actually works, so you can start building the life you dream of and do it all in a decade (or less!).

What’s the one skill Dave and Henry regret never learning? Why will chasing cash flow too early delay financial freedom? And why is sticking to your investing goals actually a mistake?

In This Episode We Cover

The one thing every investor must decide first before buying any investment property

You aren’t an investor: Why thinking like one can hurt your returns (and what to do instead)

The real probability of going broke in real estate (stop being scared to invest)

One skill that dramatically increases your returns on rental properties

Want 50 doors? 100 rentals? Why Dave and Henry say it doesn’t actually matter how big your portfolio is

Stop focusing on cash flow—this other goal will get you to financial freedom way faster

And So Much More!

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7 Ways to Lower Rental Property Expenses by Thousands Per Year

Wed, 04 Mar 2026 12:00:00 -0000

This could turn an average real estate deal into a home run, and it’s nothing you can’t do right now. Today, we’re giving you seven tips to save thousands (if not tens of thousands) on your rental property expenses, so you keep more of your cash flow every month.

Plus, we’re announcing something new at BiggerPockets—something we specifically negotiated to save you hundreds, even thousands, of dollars on every rental you buy.

We’ll teach you how to close on your first (or next) rental property with less, get the seller to pay for your reserves or next repair, instantly save $250/year on landlord insurance, do top-tier renovations for budget prices, and save $10,000+ with just two phone calls.

Want lower property taxes, too? We’ll show you the completely legal (and surprisingly easy) way to get the city to charge you hundreds of dollars less per year.

In This Episode We Cover

The rule of thumb that has saved Dave and Henry $10,000+ during renovations

How to immediately get $1,000+ off your closing costs on your next investment property

Why you always (especially now) ask sellers for a credit/assist at closing

Do not let your general contractor buy the materials (rookie mistake)

How Dave gets his property taxes lowered by hundreds of dollars with one phone call

And So Much More!

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$1 Rental Properties and "Infinite" Returns with a 100% On-Market Strategy

Mon, 02 Mar 2026 12:00:00 -0000

This might be the smartest small real estate portfolio strategy we’ve ever heard.

Today’s guest has done the seemingly impossible—gotten rental properties for one dollar, used dirt to cover his down payments, and achieved the (to many investors, extinct) “infinite BRRRR” strategy. He did it all out of necessity—starting with a $30,000-per-year salary and a 90-hour-per-week job. Joe Meehan didn’t have the resources to build a real estate portfolio—but he did it anyway.

Seven years ago, Joe was coaching basketball on a grueling schedule, making a low income. He saved up all he could, bought his first house, and it all clicked—this is how he would get ahead. Just four years later, he quit his job. Seven years later, he has a cash-flowing rental portfolio of 11 units, and he works for himself.

Joe shares the ingeniously simple strategies he’s used to turn very little money into a safe, scalable, profitable rental property portfolio. No off-market deals, no sketchy financing—he even did it with eight and nine-percent interest rates. The cards were stacked against him, but he came out (strongly) on top. The best part? You can use the same strategies in 2026.

In This Episode We Cover

The genius strategy Joe used to get a rental property for ONE dollar (yes, really—$1!)

Using extra land to pay for your down payment (Henry loves this strategy)

The “infinite BRRRR” and how to get a cash-flowing, renovated rental for (essentially) $0 down

The single best rental property for beginners with limited funds

Why you shouldn’t buy a vacation rental in a touristy market (what to buy instead)

And So Much More!

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How to Buy 4 Rental Properties by 40 Years Old

Fri, 27 Feb 2026 12:00:00 -0000

Four rental properties by age 40? It’s possible, and if you can achieve it, your financial future will change forever. Henry and I have done it—both of us were able to buy four rental properties before our forties, and not only will it allow us to retire early, but our traditional retirement will be much wealthier.

So, how do you start? This is exactly how to buy four rental properties by age 40, step by step. (And don’t worry if you’re over 40, you can use the same steps.)

We’ll start with an easy property that many new investors can qualify for (with a bit of work), then a property with a huge upside for your net worth. Next, a cash-flowing investment that can help you have more rental income, and finally—where it all comes together—an investment property that you have expertise in.

If you can acquire all four rental properties, your life and the life of your family could be changed forever as you create serious equity, grow cash flow, and leave a legacy behind.

Four rentals by 40? This is exactly how it’s done.

In This Episode We Cover

The first rental any new investor should start with (least money down, no experience needed)

How to add value to rental properties to increase your net worth

Out-of-state real estate investing for cash flow, where home prices are more affordable

The upsides to pay attention to when adding value to a property

Real estate investor vs. average American’s net worth (the differences are huge)

And So Much More!

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6 Numbers You Need to Know Before Buying a Rental Property

Wed, 25 Feb 2026 12:00:00 -0000

There are six numbers you need to know before buying a rental property. We run these numbers before we buy any investment, and knowing all six gives you the highest chance of making money instead of purchasing a headache.

We’ll give you the full list of the six most crucial real estate numbers and how to calculate them so you get the highest return possible. Most new investors skip over most of these, and it costs them—big time. But calculating these in advance lets you know whether you’re buying at the right price, how much you can later sell your property for, if your rents will be high enough for you to cash flow, and whether the deal is even worth holding on to.

Plus, we’ll throw in a bonus metric you can easily calculate that quickly shows you whether a rental property, fix-and-flip, BRRRR (buy, rehab, rent, refinance, repeat), or any other deal is actually worth the effort you’re going to put in.

In short, if you know these six numbers, you can confidently make a move on that first or next investment property.

In This Episode We Cover

Do NOT trust the list price! How to tell if the property you’re buying is overpriced, underpriced, or just right

The one thing every real estate deal must have for Henry to buy it (it’s not cash flow)

How to price rent (the right way) and ensure you’re going to cash flow

The single most overlooked expense that can ruin almost any real estate deal

Stop trusting "cash flow." This metric works much better at calculating returns

And So Much More!

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From a $35K Salary to Owning 3 Rentals (Starting in 2024!)

Mon, 23 Feb 2026 12:00:00 -0000

Renovating two rental properties, while working two jobs, all in your twenties. Flo Jacques took it on so she could replace her $35,000/year college admissions salary—and it was so worth it.

The first year after graduating college, at age 22, Flo decided she was done being a renter. With just $15,000 down, she bought her first home to live in. But being an investor? That wouldn’t come until 2024—arguably one of the hardest housing markets in recent history. When she saw a panel on investing in real estate (and started having literal dreams about owning rentals), she knew it was time.

The first investment property? A $70,000 neglected house in need of a big rehab and in a flood zone. What could go wrong? If that wasn’t enough, Flo then—midway through the rehab—decided to buy another rental to renovate—a duplex. She was managing two rental renovations while working two jobs. But now, Flo has some strong cash flow she created.

Flo learned a lot, especially since she’s only in her twenties, but she is already on to the next deal: a flip with six-figure profit potential. In today’s show, Flo shares why she took the leap, the lessons she learned managing two renovations at once, a sure sign to fire your contractor, and why her new goal is one of the biggest we’ve ever heard.

In This Episode We Cover

How to renovate rental properties the right way (Flo made the mistakes for you)

Why you’re not too young or inexperienced to take on your first real estate deal

One sign you should fire your contractor (they will start to price gouge you)

Hard money loans explained, and whether you should use this financing on your next rental renovation

New rules of thumb Flo always follows when renovating a house

Stuck in analysis paralysis? Why it’s time to take action and start investing

And So Much More!

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The Biggest Homebuyer Discounts in Over 12 Years | Feb. 2026 Update

Fri, 20 Feb 2026 12:00:00 -0000

Homebuyers are getting the biggest discounts on properties in over 12 years—and it’s only getting started.

At this point, nobody can refute that a full-on buyer’s market has arrived. Homes are selling below list price, buyers are waiting out the market, and sellers are getting increasingly desperate. All the while, mortgage rates are a full percentage point lower than a year ago, inventory is up, and mortgage payments are actually down.

This is it. The “shift” that investors and homebuyers have been waiting for.

In this month’s housing market update, we’ll get into it all—how much of a discount you can get on your next property (and markets with the biggest deals), why nobody is buying right now and how that gives investors an advantage, whether mortgage rates will drop below the low six-percent range, and how likely a housing market crash is with inventory rising but demand staying stagnant.

In This Episode We Cover

These housing markets are seeing 10% discounts off list price

Signs pointing to a “full-on” buyer’s market, and whether it will last

Inventory is rising by double-digit percentages, but is it enough to cause a housing crash?

Will mortgage rates keep falling throughout 2026?

The real reason so many homebuyers aren’t jumping back in as prices fall

And So Much More!

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Single-Family vs. Multifamily Rentals: Which Is the Best First Rental?

Wed, 18 Feb 2026 12:00:00 -0000

Single-family vs. multifamily rental properties—which gets you to financial freedom faster?

A rookie real estate investor is wondering what he should do for his first rental property. Multifamily rentals can help you scale faster and have more cash flow, but single-family rentals mean fewer tenants (and fewer headaches) with less management. Dave and Henry have invested in both and have a clear answer for which is the winner.

We’re back answering your questions from the BiggerPockets Forums. First, single-family vs. multifamily—if you’re starting in real estate right now, there’s one clear choice. Next, a young landlord just inherited a tenant who’s paying 50% below-market rent. Should he raise the rent and risk losing a 12-year tenant, or follow a much more “reasonable” strategy to get them to stay and pay a fairer price?

BRRRRing vs. house-flipping: let’s say you have $100,000 ready to invest, which option gives you a higher return? BRRRRing (buy, rehab, rent, refinance, repeat) means you’ll have a long-term rental after the rehab, but is a flip worth it for the instant payout? And finally, we do the thing you never expected BiggerPockets to do…we tell someone not to house hack (but here’s why).

In This Episode We Cover

Single-family vs. multifamily rentals, and which Dave and Henry would almost always prefer

BRRRRing vs. flipping houses: which is lower risk in today’s housing market?

Who should not house hack, and what you should do instead with your money

Raising rents on inherited tenants: the “stair-step” strategy that Henry uses

And So Much More!

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Stop Buying Rentals and Start Buying Rental Portfolios (Scale Much Faster)

Mon, 16 Feb 2026 12:00:00 -0000

If you want financial freedom faster, you need to stop buying rentals and start buying rental portfolios.

Most people have never thought about it. Instead, they slowly build their rental portfolio to 10 or (at the most) 20 units. And while we love the slow-and-steady approach, Jose Martinez is doing something much more—buying 10+ unit portfolios in a single transaction. He only needed a few “deals” to reach financial freedom.

No risky creative financing or buying a bunch of $50K houses in the middle of nowhere. Jose’s portfolio rakes in steady rent, and now he’s a full-time real estate investor. And he did it all in just four years—starting in 2022.

Two secrets helped him do this so quickly: the right mentor and the right financing. A lucky run-in at the gym changed Jose’s entire life forever, but you don’t need luck to use his financing strategy. This often-overlooked strategy has allowed Jose to use equity from other properties to buy bigger deals, often putting down less than 5%!

If Jose could do it, starting with no experience, speaking no English, and being new to the U.S., why can’t you?

In This Episode We Cover

How to reach financial freedom much faster by buying rental portfolios (not single rentals)

The genius financing strategy Jose uses that only small, local banks offer

Why you need to stop waiting and start investing (don’t get stuck!)

The key to finding a mentor who will help you scale significantly faster

How to use your rentals’ equity to buy more rental properties and put way less down

And So Much More!

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How to (Legally) Pay the Least Amount in Taxes as a Real Estate Investor

Fri, 13 Feb 2026 12:00:00 -0000

This episode alone could save you hundreds, thousands, or tens of thousands in taxes—all with 100% legal means.

If you own a rental property, you could be paying significantly less in taxes. With the US tax code being favorable to real estate investors and renewed provisions in the One Big Beautiful Bill, real estate investing is one of the most tax-advantaged investments on the planet. Today, we’re showing you how to pay the least amount of taxes, before tax day 2026!

Amanda Han, CPA and real estate investor, says 40% of the tax returns she reviews are not optimized for deductions. Investors are leaving thousands on the table and giving it straight to the IRS. But after this episode, you won’t have to anymore.

We’re talking about how real estate investors can reduce their taxable income by up to 20%—instantly. Plus, the one renewed tax deduction that creates six-figure write-offs for investors, and what you can start doing right now to lower your taxes as much as possible starting in 2026.

In This Episode We Cover

How to reduce your taxable rental income by 20% instantly (many investors miss this)

The biggest (six-figure) write-off that was renewed in the One Big Beautiful Bill

Commonly missed real estate tax deductions that every investor can write off

Are opportunity zones back? How to defer your capital gain to another year

What to start doing right now to have the most tax deductions with the least stress

If your CPA says this to you…consider finding a new one

And So Much More!

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The 2026 Value-Add Real Estate Playbook (30% - 50% ROIs)

Wed, 11 Feb 2026 12:00:00 -0000

What if you could create home equity and cash flow out of nothing?

It’s not magic. We’ve done it hundreds of times, and most real estate investors still think it’s impossible; meanwhile, experts are making 30%-50% ROIs (return on investment) in places where nothing on the market will cash flow.

The secret? Value-add investing. Today, we’re sharing the entire playbook, giving you actual examples and steps to turn basic properties into cash-flowing, high-appreciation investments. Your experts? James Dainard, arguably the best flipper in Seattle, who’s done (literally) thousands of flips, BRRRRs, and value-add investments, and Henry Washington, making killer returns by finding hidden space most people miss.

We’ll go easiest to hardest, so even beginners can get their foot in the door. Anything from painting walls and replacing floors can massively improve your returns. Take it up another level, and you’re adding bedrooms and bathrooms, making a huge difference in the home. Finally, heavy value-add—want to rearrange the whole house and walk away with up to a 50% return? That’s James’ bread and butter.

We’ll give you the exact steps to take, the properties to look for with value-add potential, the people you need on your team to get it done, and when to build rather than buy and rehab.

See Dave, Henry, and James at the Value-Add Conference in Seattle!

In This Episode We Cover

The three types of value-add investments (easiest to hardest) and how much they can make

How value-add investing can boost your equity and cash flow on your rentals

The hidden “space” that can make a massive difference in home equity

The “core team” James uses on every renovation he completes

How to passively invest in a value-add renovation and learn how to do it while making a return

Building vs. buying and renovating (which is more worth it?)

And So Much More!

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The Small Sacrifices That Gave Me 25 Rentals and $18,000/Month Cash Flow

Mon, 09 Feb 2026 12:00:00 -0000

One property can change your entire life. Less than a decade after buying your first, you could be completely financially free, like today’s guest, who has one piece of advice:

“Just buy something.”

Cameron Philgreen bought a small house in Kansas. Less than ten years later, that home’s profit allowed him to build his dream business—a coffee shop that he runs, instead of working a 9-5 job. But that’s just the effect of one property. After finding BiggerPockets, Cameron knew he needed to start actually investing. His goal? 25 rentals by 2025. He did it in under a decade.

By trading comfort for cash flow (including sharing a bathroom with strangers), DIY-ing rehabs to save money, and learning how to scale instead of stress, Cameron now has a rental property portfolio producing $18,000/month in cash flow. His days consist of volunteering, running his dream business, For Keeps Coffee & Bakery, and spending time with his kids.

Cameron shares how he finds perfect (on-market!) BRRRR deals with little effort, why outsourcing actually makes you more money, and the easiest way to get into the real estate investing game.

Complete financial freedom in your 30s? Cameron has it, and you’re only a few years away from it yourself.

In This Episode We Cover

How to build a six-figure rental property income stream in under ten years

Why just buying one property can change your entire financial future

How to get renovated, high-ROI properties using the “BRRRR” method

Trading comfort for cash flow: Would you house hack for complete financial freedom?

Why you must become an entrepreneur to make it in real estate investing

And So Much More!

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Renting vs. Buying a House: How to Get Wealthier with Either Decision

Fri, 06 Feb 2026 12:00:00 -0000

Renting vs. buying a house. Everyone has the debate completely wrong, and it’s costing Americans their financial freedom.

“Live in Los Angeles? Guess you have to rent. Live in the Midwest? Guess you should buy.”

What if there was a way to grow your wealth no matter where you live, how much home prices are, or what’s going on in the housing market? What if you could get richer while renting? What if your simple, affordable house could propel you toward financial freedom? What if you could make hundreds of thousands of dollars, tax-free, by buying the home everyone overlooks?

Today, we’re showing you how to do all of them. We’ll give you three scenarios to buy, rent, or do a combination of both, and get wealthier in the process. Plus, Dave shares his “cheat code” investment strategy that gets him cheaper homes that he’ll love living in and makes him substantially wealthier in the process.

It’s not buy vs. rent. It’s about building your wealth no matter your choice.

In This Episode We Cover

Renting vs. buying a house: The (not so obvious) answer nobody is talking about

How to turn your home into future cash flow and what to look at before you buy

The overlooked strategy Dave is using to make hundreds of thousands on his primary residence

Live in an expensive city? This is how to rent and invest, so you always grow your wealth

How just one house hack property can allow you to buy your dream home (Henry’s strategy)

And So Much More!

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5 Ways to Finance a Rental Property That Nobody Talks About

Wed, 04 Feb 2026 12:00:00 -0000

There are five rental property loans nobody talks about. 99% of people have never heard of them.

0% down payments. 5% interest rates. No W-2 needed. The loans we’re talking about today offer these benefits and (much) more. So, what are they, and why hasn’t anyone told you about them?

If you’ve felt it was impossible to get a mortgage for your first or next rental property, the five investment property loans we’re sharing will change your mind. First, we’re talking about a mortgage with 5% interest rates, 0% down, and no closing costs. There’s a catch—but we think it’s well worth it.

Next, a no-money-down loan that 97% of America will qualify for—there’s a good chance your next home will qualify for it, too. Then, a sneaky way to get around the bank and get a lower interest rate, down payment, or both. Want a 3% mortgage rate like back in 2020? There’s only one way to get it. Plus, for our self-employed and business-owner listeners, there’s one loan that doesn’t require a W-2.

In This Episode We Cover

Five game-changing rental property loans flying under the radar (low rates, no money down)

No W-2? No problem! There’s one loan that self-employed investors must try

Want your first property but have a lower income? This mortgage was designed for you

How to buy a rental property without using a bank (and get much better terms)

The only loan that lets you lock in a 3% rate (yes, that’s right) in 2026

And So Much More!

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Quitting Corporate with 8 Paid-Off Rental Properties ($100K Passive Income)

Mon, 02 Feb 2026 12:00:00 -0000

Eight rental properties. That’s all you need to retire early.

Don’t believe us? Today’s guest went from corporate life to early retirement, generating over $100,000 per year in cash flow thanks to a small, powerful rental property portfolio. He didn’t start with a ton of money, and he had no experience. But he followed a simple, genius strategy: Save, buy, repeat, pay off.

Vicente Garcia wanted to build a college fund for his children. When he moved to a new home, he realized he had an income-producing asset right in front of him. So, he turned his old primary residence into a rental, recognized its potential, and a few years later bought his first full-fledged investment property.

By combining savings from his job, recycling his properties’ cash flow, and using 401(k) loans (an incredibly underrated tool), Vicente grew to eight rental properties. His goal? Not to scale, but to slowly pay off the portfolio. Now, in his 50s, Vicente has six-figure cash flow, a paid-off rental portfolio of eight properties, and only one thing on his mind: what’s next?

In This Episode We Cover

Don’t sell, rent instead! The life-changing effects of turning your primary residence into a rental

Don’t have enough for a down payment? Why a 401(k) loan could get you your first (or next) rental faster

Paying off your rentals vs. buying more: The strong argument for a small, debt-free portfolio

It’s not too late to start! Why you’re only around a decade away from retirement with real estate

Why Vicente says now may be one of the best times to begin investing in years

And So Much More!

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How Much Cash Flow Should Your Rentals Make?

Fri, 30 Jan 2026 12:00:00 -0000

Every new real estate investor asks one question: How much cash flow should my rental property make?

For years, you’d hear things like “$200 per month per door” or “it has to hit the 1% rule”. But with so many of these rules outdated, we need a 2026 refresh on real estate cash flow. In today’s housing market, what is good cash flow for a rental property?

This is how much your rental properties should cash flow each month to help you reach financial freedom.

We’ll show you exactly how to calculate cash flow, the cash flow goal Dave personally sets for his portfolio, and when a property doesn’t need to cash flow based on other crucial factors. Plus, how to create your “worst case scenario” when analyzing a rental property, so even if everything goes wrong all at once, you’ll still be able to pay your mortgage, keep your rental going, and not lose sleep.

Is the cash flow you’re making enough, or are you falling behind? We’re sharing it all in this episode.

In This Episode We Cover

How much cash flow should you be making on a rental property (in 2026)?

How to calculate cash flow, cash-on-cash return, and other crucial money metrics

Why Dave doesn’t care (too much) about year one (or day one) cash flow

Breaking even on your rental? Why this isn’t a bad thing if you’re in a specific situation

The cash-on-cash return a rental property has to hit for Dave to move forward on it

And So Much More!

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Are $100K Rental Properties Ever Worth It?

Wed, 28 Jan 2026 12:00:00 -0000

Is a $100,000 rental property ever worth it? We see so many markets across the country that sport cheap rental properties. But, are you really just buying a problem that will never truly cash flow, or do these dirt-cheap deal-finders know something that we don’t?

We’re back, as Dave and Henry answer your questions from the BiggerPockets Forums. First, we’re talking about cheap rental properties—$100K or less—and when Henry will and won’t buy them. How much money should you put down on a rental property? One investor has a different idea than the standard 20%-25% down, and Dave agrees—if you want more cash flow, less stress, and a more stable portfolio.

Is flipping…moral? Concerned homebuyers say house flippers are taking inventory off the market, and Henry…thinks they have a point (to some extent).

Finally, after years of working with hard money lenders, Henry shares (more like yells) some choice words at any lenders listening on how to make the industry suck a little less.

In This Episode We Cover

$100K rental properties: Are they too cheap to be a cash-flowing investment?

How much money to put down on a rental property to cash flow in 2026

Interest-only loans: When Dave and Henry say it’s totally worth it

Henry’s rant against hard money lenders and why investors must be careful

The morally-right way to flip a house (without hurting homebuyers)

And So Much More!

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Paycheck to Paycheck in His 40s, Millionaire in His 50s with “Boring” Rentals

Mon, 26 Jan 2026 12:00:00 -0000

At age 47, Neil Whitney and his wife were living paycheck to paycheck—one bad day away from losing everything. Now, less than ten years later, he’s financially free with $8,000/month in passive income from rentals.

Neil started with almost no money, promising his wife he would keep their life savings untouched while investing. He picked up side gigs, drove for Uber for a year and a half, and saved anything he could to buy a rental. And once he got his first rent check, everything changed for Neil and his family.

Neil is now a millionaire in his 50s, thanks to “boring rentals,” all in affordable price ranges ($200K or under homes!). Once paid off, his rental portfolio will make him over $20,000 per month. In his own words, “If I can do this, anyone can do this.” Today, he shares the steps he took, how he finds the best tenants, and how to use rentals to fund the dream life you’ve always wanted (new cars, overseas trips, and more).

So if you’re in your 40s, 50s, or 60s and thinking it’s too late for you to turn your life around and get to financial freedom, Neil is ready to prove you wrong.

In This Episode We Cover

How to buy your first rental property even if you’re living paycheck to paycheck

Are $200K houses really worth it? Neil says “yes!” and explains why lower-income tenants should not scare you

The one side hustle that helped Neil save over $15,000 for real estate investing

Using home equity to invest and build a real estate portfolio faster

Want a new car? A nice vacation? How to have rentals pay for all of it

The best piece of advice for new investors and those wanting to build financial freedom

And So Much More!

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Sellers Are Accepting Even Less | Jan. 2026 Housing Market Update

Fri, 23 Jan 2026 12:00:00 -0000

Buyers just got even more in control, and it’s excellent news for investors.

Homes are now sitting on the market for the longest time in a decade, with sellers accepting thousands less than their original list price. For those who have been waiting to buy their first or next investment property, this could be the sign that it’s time to get in the game. But, with mortgage rates (slowly) coming down, will this window of opportunity last months or mere weeks?

We’re back with our January 2026 housing market update! Dave is getting into it all—mortgage rates, inventory, demand, and why investors are becoming so bullish heading into this new year.

Think there’s a housing crash on the way? Dave does his favorite thing—looks at data instead of guessing—to show some clear signs that those hoping for a crash will (unfortunately for them) be waiting quite a while. Demand is growing (steadily), and hungry homebuyers are itching to get back into the market. How much time do we have before steady appreciation returns?

Stick around, we’re getting into it in this housing market update!

In This Episode We Cover

Sellers are accepting less: How much should you be bidding on houses?

The best (and worst) housing markets in America (updated)

Growing buyer demand and signs that the housing market (probably) won’t crash

Why mortgage rates reversed after falling below 6% earlier this month

Why investors are getting so bullish about rental properties in 2026

And So Much More!

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Scott Trench’s $1,000,000 Bet on Real Estate (Update)

Wed, 21 Jan 2026 12:00:00 -0000

Last year, Scott Trench, former BiggerPockets CEO, made a big bet on real estate—selling $1,000,000 in stocks to buy rentals instead. A year later, he’s on the show, and we’ve got one crucial question to ask him.

Was it worth it?

The man behind the mustache (yes, he’s still got it!) is joining us today to give a life update and share how his huge financial decision played out. But a lot has changed in the past year, markets aside. Scott stepped down as BiggerPockets CEO and is now fully dedicated to BiggerPockets Money, helping as many people as possible find their own version of financial freedom.

We’ll go over his $1,000,000 stock sell-off, how his investments have been performing since then, his 2026 outlook, and why he believes many investors will be proven wrong about the housing market and real estate investments. Scott believes the next three years will be an “absorption” phase for real estate, but what does that mean for your property values, rent prices, and cash flow?

And don’t worry, Scott also shares what he’s been doing since stepping away from 100-hour weeks as BiggerPockets CEO.

In This Episode We Cover

Was selling worth it? The results of Scott’s $1,000,000 bet on rentals

Scott’s growing fear about the stock market and AI-led price rallies

Scott’s investment portfolio in 2026 and why he still has so much of his net worth in the stock market

The “absorption” phase begins, and Scott’s 2026 rent price growth prediction

Stocks vs. real estate: Are either truly safe in an economy like this?

And So Much More!

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Retire Early with Less Than 10 Rentals? Dion McNeeley’s “Boring” Strategy

Mon, 19 Jan 2026 12:00:00 -0000

Over $20,000 per month in pure cash flow from just eight rental properties—all achieved in around a decade. Dion McNeeley did it and has inspired thousands of others to repeat his “boring” and self-proclaimed “lazy” strategy to reach financial freedom. Today, he’s teaching you how to do it, too.

A 40-year-old single dad with less than $1,000 in the bank and over $80,000 in debt is not who you’d think would become a multi-millionaire rental investor. But now, over a decade later, joining us from Thailand and making over $200,000 per year in cash flow, is the same man—Dion McNeeley! His tried-and-true strategy for rental investing is one anyone can replicate, and if you put in five years of hard work and another five years of patience, you, too, can be living your dream life, just like Dion.

Dion is walking through his exact rental property criteria and what he plans to buy in 2026. Plus, he’ll share his best advice for beginners, the first step every new investor should take, how to know you’re ready to invest, and three tips to optimize your portfolio to make the most cash flow possible.

This is the lazy path to early retirement with rentals!

In This Episode We Cover

How Dion went from making $17/hour to $20,000/month with just eight rentals

Why “recycling” your cash flow makes you so much wealthier and massively increases passive income

The two signs that you’re ready to invest in real estate (Dion still follows these rules)

Proof that you can still retire with real estate in 2026 (it’s not too late to buy)

Dion’s number one resource for real estate investing that you can use for free

The “game-changing” skill that Dion says makes investors the most money

And So Much More!

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Where We’d Invest in Real Estate in 2026 (If We Could Buy Anywhere)

Fri, 16 Jan 2026 12:00:00 -0000

If we could invest in real estate anywhere in the country, where would we put our money? It’s a new year, and markets have already shifted, changing where the best buying opportunities are. So today, Ashley Kehr (from the Real Estate Rookie podcast), Henry, and Dave are back to share their updated 2026 best places to buy rental property list!

These markets span multiple states, but many have affordable home prices (some even below $200K!). But of these top markets, which one would we make the biggest bet on?

These markets fly under the radar—we’re not talking about big cities like Miami, Austin, Chicago, or Denver. Many of these may be real estate markets you’ve only heard of once or twice, but once you hear the numbers, you might take a deeper look. If you want cash-flowing cities with landlord-friendly laws, we have them. If you want appreciation potential in affordable pockets of the country, we’ve got that, too. And, if you want to buy a rental in the birthplace of Mountain Dew, you’re in luck.

Each of these cities is broken down into metrics that matter most to investors: average home price, rent price, rent-to-price ratio, population growth, job growth, and more. These aren’t just “cheap” markets with low home prices, but “sleeper” cities that only the savviest investors know about.

In This Episode We Cover

A cash-flowing college town with home prices that are below $200K

The hurricane-safe southern city that is growing at lightning speed

An affordable “sleeper” market between two very unaffordable cities

Small multifamilies and Mountain Dew: this market has plenty of both

You can buy a home for around $160,000 in this Midwest market with a (surprisingly) large population

And So Much More!

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How to Buy Your First Rental Property in 2026 (Step-by-Step)

Wed, 14 Jan 2026 12:00:00 -0000

This is how to buy a rental property in 2026. You don’t need experience, a big bank account, or a complicated spreadsheet. Anyone can follow these seven steps to acquire (at least) one rental property by the end of 2026.

Real estate investments are one of the best ways to grow wealth, reach financial freedom, and retire early. But you need to start with your first rental property to get to your end goal. We know how to do it because both Dave and Henry went from zero rentals (and almost no money) to financially independent investors.

It took Dave 15 years, but Henry only 7. And you might be able to do it faster.

We’ll start by helping you define your goal: how much passive income do you want and by when? Then, how to pick the right strategy, market, and property to fit that goal. We’ll share key rules of thumb to help you analyze (calculate the profit of) your first rental and understand what a “good deal” really looks like. Then, how to make offers, manage your first rental, and repeat it, so you can reach financial freedom.

This isn’t theory; we’ve followed these seven steps to achieve life-changing passive income. Now, it’s your turn.

In This Episode We Cover

How to buy your first rental property by the end of 2026 (it’s possible!)

The first thing you should do before you look at a single rental property

Why we choose our investing strategy before choosing a market to invest in

The easiest way to analyze rental properties (and what a “good deal” looks like)

The biggest mistake new investors make when submitting offers

Do this during the first 90 days of owning a rental (very, very important)

And So Much More!

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Chad Carson: How to Retire with the Fewest Rentals Possible in 2026

Mon, 12 Jan 2026 11:00:00 -0000

You do not need a huge rental property portfolio to retire early. Today, Chad Carson (Coach Carson) will prove it, explaining how to retire with the fewest rentals possible.

Trust him, because he’s already done it with fewer rentals than you’d think.

Chad ditched the “buy 100 doors” mentality in exchange for fewer rentals, fewer headaches, and way more cash flow. Now, in his 40s and years into his lifestyle of two-hour workweeks, Chad has more than enough passive income to provide for his family, go on long (often up to a year at a time) international trips with his wife and children, and grow the wealth that will sustain him through traditional retirement age.

Thousands have copied his “small and mighty” approach, as Chad’s name has become synonymous with “make more doing less.”

Today, Chad is showing you how to do it in 2026, even if you only have five hours a week to dedicate to investing, even with today’s home prices and mortgage rates, and even if you’re starting with zero experience. Plus, the best properties for beginners and experienced investors, the exact deals he’s purchasing in 2026, and why now may be the best buying opportunity in years.

In This Episode We Cover:

How to retire early with the fewest rentals possible in 2026

The best real estate investing strategy for a beginner with limited free time

Why Chad believes there is more “opportunity” for investing in 2026 than in previous years

Put more money down? Plus, why Chad strongly believes paid off properties beat big portfolios

Why “ugly” rental properties will get you to financial independence even faster

How to “harvest” your cash flow once you’ve built a big enough portfolio

And So Much More!

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New Zillow Forecast: 10 Predictions for the 2026 Housing Market

Fri, 09 Jan 2026 12:00:00 -0000

Zillow released its new 2026 housing market predictions and…I’m not sure I agree with them. From home price to mortgage rate predictions, “kidfluence” steering decisions, and the rise of the lifestyle renter, I’m going through all 10 of Zillow’s predictions and sharing which I agree with, which I’m confused by, and which made me laugh. Even with a few very interesting predictions, I do think some core forecasts will actually play out in 2026.

When’s the last time you asked your kid, “Hey buddy, where do YOU want to live?” and rented based on their answer? Well, Zillow believes that your toddler does have a serious influence on your next home. But that’s not all. In 2026, renting could become cool again as more “lifestyle renters” plan NOT to buy, even if mortgage rates drop. This could be a good sign for investors looking to keep long-term tenants, but you’ll need the right type of property.

We’ll also touch on Zillow’s home price prediction (and why they’re more positive than Dave), the floor for mortgage rates in 2026 (will we break into the 5s?), and why buying a new-build could get even better.

In This Episode We Cover

Zillow’s 2026 housing market predictions (prices, rates, rents, and more!)

Why housing demand could bounce back (but by how much?)

The “kidfluence” and why your seven-year-old really calls the shots when house hunting

One prediction that Dave audibly started laughing at (does anyone believe this?)

The rise of “lifestyle” renters and a good trend for real estate investors

Will AI find your next home? Why Zillow is betting on a breakthrough

And So Much More!

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I Went from $1,000 to 100 Rentals in 8 Years (+ BIG Announcement)

Wed, 07 Jan 2026 12:00:00 -0000

After 1.5 years of hosting the BiggerPockets Real Estate podcast, Dave is making a change…a big one. Today, we’re announcing the new co-host of the podcast—someone we think you’ll be pleasantly surprised by…

This investor went from having only $1,000 in the bank to 100 rental properties just eight years later. He started with barely any money, bad credit, and a spending problem, and has quickly become one of the most financially savvy real estate investors in the industry, inspiring thousands of others to take control of their futures and find financial freedom for themselves and their families. And after many of you begged us to combine forces, this investor is joining the BiggerPockets team to share the lessons they’ve learned so you can build wealth faster and better than before.

In today’s episode, we’re announcing the new BiggerPockets Real Estate co-host, how one conversation changed their entire financial future forever, and proof that you can go from zero experience to a real estate millionaire, even if you know nothing about rentals right now.

A new era for BiggerPockets Real Estate starts now.

In This Episode We Cover

BIG announcement: the new co-host of the BiggerPockets Real Estate podcast

How to go from broke and no plan to financial freedom with rental properties

Closing your first real estate deal, even if you have zero experience

Why you need to start telling everyone that you want to invest in real estate

Beginners: this is what you must know before you buy your first deal

Got an idea for an episode? Let us know what YOU want to see in 2026!

And So Much More!

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The 2026 State of Real Estate Investing: An “Easier” Road Ahead

Mon, 05 Jan 2026 12:00:00 -0000

Real estate investing is about to get easier…much easier. And this could be the average American’s first opportunity in years to get in the game. Small investors are more optimistic, planning to buy—not pause—in 2026 as home prices stall, rents get ready to rise again, and affordability slowly trickles back.

This is the State of Real Estate Investing in 2026, and the opportunities are growing.

We’ve turned a corner in the housing market. Buyers have control, prices can be negotiated, and mortgage rates are coming down—this is what we’ve been asking for. Cash flow is even making a comeback after many investors thought it was gone for good. So, what strategies will work especially well in 2026, what are the pitfalls investors should look out for, and what is Dave buying in the next 12 months?

Today, we’re sharing it all. Strategies. Tactics. Risks. Rewards. We’re cracking open the expert investor playbook, and even sharing brand-new insights from investors that contradict what major media networks have been telling you about the housing market.

In This Episode We Cover

Cash flow returns—the 2026 perfect storm for cash flow potential to increase

The biggest buying opportunity in years—and why average Americans must take advantage

Real estate investing strategies Dave is betting on (with his own money!) in 2026

Riskier strategies new investors should stay away from (and experts can win with)

Four crucial considerations before you buy an investment property

Housing crash in 2026? Here’s the real likelihood of it happening

And So Much More!

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The 2026 Housing Market is Here: 3 New Moves We’re Making This Year

Fri, 02 Jan 2026 12:00:00 -0000

2026 is finally here! And if you can still read this sentence without seeing double, you’ve made it!

But this year, things are going to be a little… different. We usually talk about the best places or strategies for buying rentals, but we’re going on a bit of a detour to start the year by discussing our real estate resolutions, all of which will actively help us retire early. Want to retire with rentals, too? This is the episode for you, and we’re sharing the strategies we’re using in 2026 to get there.

Kathy Fettke shares a new way she’s optimizing her real estate portfolio, with the goal to increase cash flow by 10% on her current portfolio (not buying more rentals!). Henry takes an opposite approach to most investors, opting not to scale his portfolio and instead doing something much safer. Dave details his “End Game”—the ultimate real estate portfolio for early retirement.

You can copy these experts’ strategies in 2026 to retire with rentals, too!

In This Episode We Cover

How to use AI to optimize your portfolio and find the cash flow blind spots where you’re losing potential profits

Stop scaling? Why Henry is making moves to pay off some rentals instead (and whether you should, too)

Building your “End Game” portfolio to retire with rentals you actually enjoy owning

The three “buckets” of investing and a sign you’ve already outgrown yours (it could cost you)

Henry and Dave’s real goal that has nothing to do with real estate (can you help them out?)

And So Much More!

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3 Types of Rentals That STILL Make You Rich

Wed, 31 Dec 2025 11:00:00 -0000

These rental property deals are making us richer, even with high housing prices and interest rates. Everyone thinks it’s impossible to find cash-flowing rental properties in today’s housing market, but this is NOT the truth. We’re going to show you three real rental property deals we’re buying. All of these are being purchased in 2025—these are NOT cheap deals from 2020 with 3% - 4% interest rates. Each one will build major equity, cash flow, or both.

Dave brought backup on this episode—the entire expert panel from the On the Market podcast—to share real deals they’re doing right now. We’ve got three to go through—a $55,000 heavy rehab rental property that will also serve as Henry’s own vacation home, a new build rental property at a super reasonable $214,000 price, and finally, a very creative (but somewhat costly) land-banking deal in Seattle, Washington.

Each of these deals ranges in expertise needed. Some of the heavier rehab projects may require a few years of renovation experience, while Kathy’s new build deal is a profitable rental ANYONE can buy right now. Regardless of your experience, you can copy these strategies and get richer with these rentals!

In This Episode We Cover

Three profitable real estate deals you can do RIGHT NOW

How to buy a brand new rental property, with a low interest rate, for just around $200,000

How Henry is turning a $55,000 disaster house into a $265,000 top-tier rental

James’s super creative way to make $300,000 on land in high-demand areas

The best investment if you’ve got a busy job, a family to take care of, or just a hectic schedule

And So Much More!

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From Zero to $8,000/Month Cash Flow in Just 2 Years (While Working a W2)

Mon, 29 Dec 2025 12:00:00 -0000

Growing to $8,000 in monthly cash flow and 35 rental units—all while working a W2 job?! Just two years ago, today’s guest knew nothing about real estate investing. But he found a deal and brought it to someone with money, and this single move launched his investing journey. Want to do the same, starting from zero? Then you don’t want to miss this one!

Luke Tetreault was miserable at his W2 job. When he had finally reached his breaking point, he decided to take a swing at real estate—and at first, it wasn’t pretty. Without any investing knowledge or experience, Luke found his first property on Facebook Marketplace and didn’t even have the money to close it himself. So, he reached out to an old contact, who ended up funding the deal. Over time, he grew his network until he had contractors and private money lenders for all his deals!

He started with a single-family home, but his most recent deal? An 18-unit mobile home park he bought with creative financing. Stick around as Luke teaches you how to find off-market deals no one’s looking for, use your everyday hobbies to build out your investing team, and scale your portfolio starting with little to no cash!

In This Episode We Cover

How Luke scaled to $8,000 in monthly cash flow and 35 units (in TWO years)

Boosting your cash flow by pivoting to another investing strategy

Buying an 18-unit mobile home park with zero money out of pocket

Creative ways to find off-market real estate deals at a deep discount

Two signs you’re ready to leave your W2 job for real estate investing

Leveraging your own hobbies and passions to build your investing team

And So Much More!

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Zillow Forecast: Best and Worst Housing Markets of 2026

Fri, 26 Dec 2025 12:00:00 -0000

The housing market correction is well underway, but the story looks very different depending on where you invest. Some markets are cooling gently, others are slipping faster, and a few affordability outliers are still holding up. With new Zillow data in hand, Dave breaks down the major regional patterns, why price growth is slowing almost everywhere, and what today’s shifts actually mean for investors buying at the end of 2025 and into 2026.

He also looks at markets that may be “oversold” despite strong fundamentals, the places where buyers suddenly have serious leverage, and how rents are diverging sharply from home prices in some metros. We’ll even take a look at the data to see where corrections may continue.

So, where should you buy? If you want killer deals, are these “oversold” markets prime places for rental property investing, or could they fall even further?

In This Episode We Cover

Zillow’s newest list of best and worst housing markets of 2026

Where buyers have strong leverage and where demand still holds

Markets that have strong fundamentals but major concerns from buyers

What rising or falling rents actually signal for investors

Will hot, affordable markets keep their flame burning or freeze like the rest of the US?

And So Much More!

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Want to Invest in Real Estate in 2026? Listen to This First

Wed, 24 Dec 2025 10:00:00 -0000

This could make you much wealthier in 2026—and all you need is around 30 minutes of free time.

Throughout 2025, three days a week, we’ve interviewed some of the best and brightest real estate investors in the country. They’ve launched new strategies that have made them millions, shared tips that can turn any rental from a dud to a deal, and even explained their exact buy boxes and techniques for building wealth.

Today, we’ve compiled some of the most valuable advice we’ve received in 2025 into a holiday gift for you.

We’ll talk about the real financial freedom you receive as a real estate investor, how just one rental property (not dozens) can be enough to change your life, why the most successful investors tell everyone that they invest in real estate—and how it pays off, a new BRRRR strategy, and the best rental renovations with significant returns.

Even against the mainstream narrative, real estate investors grew their wealth substantially in 2025. And 2026 could get even better…

In This Episode We Cover

Why financial freedom is not what you think it is (the truth)

One rental property can change your entire life, and how a beginner investor replaced her salary with real estate in four years

The unbelievable real estate deal this rookie got by telling everyone that she invests in real estate

The “slow BRRRR” method that makes you wealthy with way less stress

The best rental renovations for $5,000 (or less) with up to a 300% return potential!

And So Much More!

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Sellers Do What No One Expects | Dec. 2025 Housing Market Update

Mon, 22 Dec 2025 12:00:00 -0000

This could be the most encouraging sign for the housing market in years. It’s the final month of 2025, and the housing market has flipped from this time last year. Real prices are down, mortgage rates are near a percent lower, inventory is stabilizing, and affordability…it’s actually improving. But hints at a wave of underwater mortgages are making people nervous. With the number rising, is this the “distress” signal many have been waiting for?

Welcome to our last housing market update of 2025. We’re getting into it all: home price, mortgage rate, and inventory updates, plus a new seller trend that is causing serious confusion, and could be the final nail in the “housing market crash” coffin. With sellers doing what nobody expects, next year could get interesting.

More homeowners are falling “underwater” on their mortgages. Is this a 2008 repeat or just a blip on the real estate radar? Some economists are worried about rising delinquencies, but a high-level view of the data could point to an entirely different conclusion.

In This Episode We Cover

Sellers do what nobody expects, and it’s killing the “crash” narrative

Underwater mortgages are surging, but are homeowners really in danger?

The best news we’ve had in three years? A massive win for housing affordability

Mortgage rate momentum and whether now is the right time to refinance

The key affordability improvements we’ve seen since the start of 2025

And So Much More!

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6 Predictions for 2026 That Could Reshape the Economy and Housing Market

Fri, 19 Dec 2025 12:00:00 -0000

Has real estate finally bottomed? Ben Miller, CEO of Fundrise (managing over $7B in real estate), says it’s so. And he’s not just talking about commercial real estate. If true, one particular type of real estate investment could do exceptionally well over the next year, but most people (even Dave!) are going in a different direction. Where could the next big real estate boom happen? We’re getting into it!

To continue this prediction season, Ben joins us to walk through a few crucial economic outlooks that could greatly affect the housing market. From AI stunting hiring to inflation actually going down (below 2%!), American wage trends changing dramatically, and the assets that will perform best, we’re getting his take as someone who manages billions of dollars in real estate.

Want mortgage rates to go down? We need lower inflation, and Ben says there’s good news on the horizon for stable prices. New technology adoption could lead to much lower inflation (even deflation in some cases). Could this be what reignites the housing market as mortgage rates react to a more stable economy? Ben gives his full take, with some surprises even Dave wasn’t prepared for.

In This Episode We Cover

The bottom for real estate prices? Why Ben thinks it’s here (or very close)

The end of runaway inflation: How AI could kill the concern over rising costs

More Americans making less, and what happens when AI takes tens of millions of jobs

The one type of residential real estate that is poised to perform best in 2026

A new AI tool that could be pivotal for rental property investing research

And So Much More!

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Agents Won't Bring You Deals? Tell Them This

Wed, 17 Dec 2025 12:00:00 -0000

Your real estate agent is ignoring you and not sending you deals. You told them you’re interested in investing, but they’re leaving your texts on “read.” This happened a lot to Dave and Henry until they started saying the right thing to agents. Now, they have more investing opportunities than they can handle.

What’s the secret to landing an agent who will put you first? They’re sharing the tactic today.

We’re back, taking questions from the BiggerPockets Forums, helping you invest in real estate wherever you are. Speaking of locations, an investor is worried about this “big city” they’re about to invest in. But Dave and Henry push back, calling this one market a “sleeper” city for investment properties, one that Dave is actively looking to invest in.

A house hacker with a high DTI (debt-to-income ratio) sees a property down the street that they want to buy. But with maxed-out credit, how can he make it work? We’ve got multiple options anyone can try. Would you buy a property with 0% down and a 100% loan? This investor is scared of overleveraging himself, but is it worth it for the low investment?

Finally, we’re giving you actual steps to lower (or at least stabilize) your renovation budget even with rising material and labor costs. Do NOT start buying toilets in bulk, we’ll tell you why…

In This Episode We Cover

Signs of an investor-friendly agent, and the easy way to weed out average agents

The most underrated real estate investing area in the country that is still affordable

How to invest in real estate when your DTI (debt-to-income) is maxed out

The real risk behind a VA loan (0% down loan) and how to ensure you’re not biting off more than you can chew

Flipping or BRRRRing? How Henry and Dave keep their costs on budget

And So Much More!

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8 Rentals on a Teacher’s Salary by “Reverse BRRRR-ing”

Mon, 15 Dec 2025 12:00:00 -0000

Within three years, this high school teacher bought eight rental units, giving him an extra $1,600/month in pure cash flow and helping him pay for his child’s future. Through a combination of affordable markets, “reverse BRRRRs,” and beginner-friendly renovations, Ben Vidovich has built financial freedom that middle-class America rarely achieves.

With his first child on the way, Ben knew he needed something more than the retirement account he was throwing his money into. As a high school teacher living in one of America’s most expensive markets, buying a rental property nearby was far from possible, and Ben wasn’t sitting on piles of cash.

So, Ben hunted down “affordable” markets across America, took the leap, and bought his first rental property, a duplex, for under $200,000. Three years later, he’s perfected the reverse BRRRR strategy to scale quickly, using local banks to fund renovations and rehabs on multiple homes, all from thousands of miles away. Now, he’s starting to buy these houses in cash for better passive income and the ability to leverage them to buy even more rentals.

This is a repeatable, middle-class investing strategy anyone can follow, and Ben is actively using it in 2025!

In This Episode We Cover

How to invest in real estate on a middle-class salary (while living in a pricey market)

The “reverse BRRRR” strategy that you can use to put $0 down on renovated rentals

Inherited tenants: worth it for the instant cash flow or problem for your portfolio?

Beginner-friendly renovations that rookie investors can perform from out of state

Is it worth it to buy rental properties in cash? How Ben uses paid-off properties as leverage to scale faster

And So Much More!

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How to Calculate Cash Flow on a Rental Property

Fri, 12 Dec 2025 12:00:00 -0000

Before you buy your first (or next) real estate deal, you need to know one thing—how to calculate cash flow on a rental property.

The problem? 99% of investors do this wrong and get burned as a result. That’s why after buying dozens of rental properties, we’ve come up with arguably the most accurate way to calculate real estate cash flow, and today, we’re showing you how to do it, too.

Joining us is Ashley Kehr from the Real Estate Rookie podcast, who’s been buying rentals routinely for over ten years now. We’ll use the BiggerPockets Rental Property Calculator (which you can try for free!) to run numbers on a real rental property Dave is looking to buy right now.

You’ll learn exactly how to estimate both fixed and variable expenses, how much emergency reserves to set aside, how to account for property management fees, vacancy, repairs, and more, plus what to do to instantly boost your potential cash flow before you buy!

In This Episode We Cover

How to calculate cash flow on any rental property before you submit an offer

The easiest way to increase your cash flow if it’s not hitting the mark

What a good deal looks like to Ashley and Dave (when they’d submit an offer)

How to estimate your expenses (accurately) so you get the most cash flow possible

How much cash flow should you be making in 2026?

And So Much More!

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Why Keeping Your Job Makes You Richer (Quicker) in Real Estate

Wed, 10 Dec 2025 12:00:00 -0000

We know you’ve been thinking about it. Dreaming about it. Talking to your spouse, friends, and family about it. Take our advice: don’t do it…yet.

Obviously, we’re talking about the one thing every real estate investor is after: quitting your job. It’s the goal of every rental property owner to have enough real estate cash flow to pay for your life, tell your boss it’s over, and walk out the door, fading away into the sunset.

But quitting your job for rentals could add years to your financial freedom timeline, limit your ability to scale your real estate portfolio, and force you back into the job market when things get tough. Today, we brought on someone who’s proof that keeping your job makes you richer (quicker) in real estate.

Paul Novak has worked full-time for 20 years. At record speed, he acquired eight rentals in just five years. And guess what? In five more years, he could be financially independent and retire early, IF he keeps his job and invests. The best part? Paul has unlocked secret, low-interest loans that W-2 workers have easy access to but rarely know about, helping him supercharge his rental portfolio.

If you really want to quit, do it. But if you actually want to get wealthy with real estate, listen to this episode.

In This Episode We Cover

How Paul scaled to eight rental units while working a full-time schedule

The secret loan to fund your real estate deals that W-2 workers have easy access to

Why you’ll retire much sooner if you keep your W-2 job vs. quitting

Should you work in the real estate industry if you don’t like your job?

The benefits of going full-time into real estate (only quit if these are worth it)

And So Much More!

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2026 Home Price Predictions: The Correction Continues?

Mon, 08 Dec 2025 12:00:00 -0000

Home prices are about to “bend”...but will they break? The 2026 housing market could be another year of a correction, but how low could we go?

Last week, we gave our mortgage rate predictions for 2026; this week, we’re focusing on home price forecasts. The housing market is stuck, and something needs to give. Americans can’t afford homes at these high prices, but with so many “locked-in” homeowners, where will the new supply come from? There are a few scenarios that could unfold, with different results that could greatly impact your buying, selling, and wealth-building.

This year feels…different. And while Dave shares his “most likely” scenario for home prices, two other scenarios (“upside” and “downside”) aren’t worth ruling out just yet. One “X factor” could shoot home prices high, with Americans rushing back to buy. But a downside risk could drive our correction even deeper. Dave describes the rental properties he’s looking to buy during this year of opportunity, along with the rules you must follow so you don’t get burned.

In This Episode We Cover

2026 home price predictions and whether the correction will continue into next year

The one crucial factor driving home prices (and what happens when it changes)

The “range” that home prices could be in this year, and what inflation-adjusted prices will look like

The “X factor” that has a chance to reset the hot housing market and drive down mortgage rates

What Dave is buying now and his exact buy box for “The Great Stall” market we’re entering

And So Much More!

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How to Build Your 2026 Plan (Retire with Rentals Faster)

Fri, 05 Dec 2025 12:00:00 -0000

By the time you finish this episode, you’ll have your exact plan for financial freedom through real estate, starting in 2026.

See if you can answer these questions right now: How much money do you want to make every month? When do you (realistically) want to retire? How much real estate will it take to get there? And which strategy will actually get you to the finish line?

If you can’t answer all four of those questions, you’re like 99% of real estate investors—buying properties just to “build wealth.” While “building wealth” is worth striving for, it’s not actually a true goal. It's what keeps investors working longer, unsure of when or if they’ve “made it” or how much farther they have to go.

If you do one thing before 2026, do this: define your financial goals. Today, Dave shows you exactly how to do that. You’ll learn the formula to calculate your financial freedom number, how much real estate you’ll need, how long it will take, the one- and three-year goals you should set now, and the best real estate strategies for your situation.

You could be retired in under 10 years if you start in 2026. What are you waiting for?

In This Episode We Cover

How to actually retire with rental properties in 10 years (or less) with a personalized strategy

The best real estate investments for those with low money or little time

How long it will take you to replace your income with real estate

2026 goal-planning that is achievable and gets you closer to early retirement

How it’s possible to double your money in a matter of years by reverse engineering your investments

And So Much More!

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Retired in His Mid-40s Using the Perfect “Small” Rental Property Formula

Wed, 03 Dec 2025 12:00:00 -0000

How does a 9th-grade dropout end up retiring early in his 40s with over 50 rental properties that generate the highest possible cash flow?

And we’re not talking about big properties—no apartment buildings or commercial real estate. This investor built the perfect rental property portfolio from duplexes and triplexes—small multifamily properties that any new investor can buy. Instead of taking his energy and buying larger properties, he reinvested in the ones he had, which made him even more money, allowing him to scale faster.

Matt (the Lumberjack Landlord) and his wife have self-managed over 100 rental units, meaning all that cash flow goes to them. Using his “acquire, stabilize, optimize” formula, Matt’s rentals make hundreds more in cash flow per unit than other properties. This has allowed him to retire in his 40s, all while supporting his family of six.

Today, he’s showing you how you can make the most from your rental properties, too. Simple utility changes, smart renovations for higher rents, cheap (and efficient) upgrades, and more can put hundreds of dollars back in your pocket every month. Plus, he shares how to keep your best tenants, even during tough economic times. If Matt could do it all while working 60+ hour weeks, why can’t you?

In This Episode We Cover

How to make the most cash flow possible by self-managing your rentals

Bigger isn’t better: Why Matt exclusively buys small multifamily properties

The “formula” for the rental portfolio that can retire you in your 40s

How to afford your first rental property even if you’re low on cash

Why every investor should talk to local banks first about financing their rentals

Easy ways to keep your best tenants even when the economy gets shaky

Would you live in a jail? Why Matt’s tenants pay to get put behind bars

And So Much More!

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2026 Mortgage Rate Predictions: This “X Factor” Could Change Everything

Mon, 01 Dec 2025 12:00:00 -0000

Want lower mortgage rates? One economic “X factor” could give them to us. It’s time for our 2026 mortgage rate predictions!

Is this the year we get back into the 5% mortgage rate range? It might be more likely than you think. But two things are currently holding mortgage rates in limbo, keeping the housing market “stuck” as buyers beg for a more affordable interest rate. These crucial factors could finally budge, and if/when they do, big changes to mortgage rates could follow.

For four years, Dave has been sharing his mortgage rate forecast leading up to the new year—and he’s been right almost every time. But we’re not just sharing Dave’s take. We’ll also give you mortgage rate forecasts from top economists at Fannie Mae, NAR, and more.

Waiting for lower mortgage rates? Stick around to see if Dave’s prediction is what you want to hear.

In This Episode We Cover

2026 mortgage rate predictions and whether we’ll get back into the 5% range

The “X factor” that could send mortgage rates into a free fall

The two things keeping mortgage rates “stuck” right now (and whether they’ll move)

A desperate move from the Federal Reserve to lower mortgage rates that could cause massive ripple effects throughout the economy

Interest rate forecasts from top mortgage and real estate organizations

And So Much More!

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What We’re Buying During This Housing Correction

Fri, 28 Nov 2025 12:00:00 -0000

The housing market has been flat or falling for almost three years, and last month we called it what it is: a correction. Not a crash…but a real correction. So what does that actually mean for investors right now?

Today, the On the Market crew is taking over to talk through how to approach a correction, what smart investors are doing in this environment, and what WE’RE buying as opportunities start to surface. The market feels “slow,” but compared to the years of easy money, almost anything would. This is the part of the cycle where predictability returns, distress starts to show, and disciplined investors set themselves up to win after the Great Stall.

Kathy Fettke shares how her strategy has evolved after 25 years of buying through multiple cycles, why she’s leaning into lower-stress investing, and what still hasn’t changed about finding solid long-term deals. Henry breaks down what a “balanced” market actually looks like, why multiple exit strategies matter more than ever, and the tactics he’s setting up to ensure he always walks away profitable. And Dave explains the deal analysis mindset you need during a correction—and the key market signals worth watching right now.

If you’re waiting for perfect timing to invest, this episode might change your mind. This is what we’re looking to buy right now at the end of 2025.

In This Episode We Cover

What a real correction looks like (sorry, it’s not a crash!)

The multiple exit strategies that will save you from a bad deal in 2025 and 2026

How investor psychology shifts during slower, more “normal” markets (don’t be scared!)

How we’re actively adjusting our investing strategies—and what we’re buying now

The key metrics worth tracking during a housing market correction

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The “Lazy” Person’s Guide to Retiring with Rentals (in a Decade!)

Wed, 26 Nov 2025 11:00:00 -0000

Don’t buy in good school districts. Always end your leases in winter. NEVER raise rents on a tenant.

These are just some of the “Dionisms” that have made Dion McNeeley, the so-called “lazy investor,” rich with rental properties. He achieved financial freedom, retiring early with a $200,000/year passive income after slowly, steadily, and lazily investing for the past decade.

Want to never swing a hammer? You don’t have to! Want tenants to stick around as long as possible? They will! Too scared to have the rent raise talk? Let Dion do it for you! In this episode, we’re breaking down the ten different “Dionisms” (unconventional landlord advice) that have literally made Dion millions and can do the same for you.

Dion went from debt-riddled to multi-millionaire in just over a decade, starting his journey making just $17/hour, with three kids and very little time. If Dion can reach financial freedom with FEWER rentals, why can’t you?

In This Episode We Cover:

Dion’s small (but mighty) financial freedom-enabling real estate portfolio

Dion’s “binder strategy” that has tenants raise rents FOR you

Why Dion never has his leases expire in the summer (even though EVERYONE says to do this)

Buying in average school districts? Dion says DON’T buy near good schools (and he’s right)

The surprising reason why the “worst states to invest in” will make you the richest

And So Much More!

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Why This Expert Investor Owns Only ONE Rental Property

Mon, 24 Nov 2025 12:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

And So Much More!

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How to Invest in an Expensive Market ($500K+ Home Prices)

Fri, 21 Nov 2025 12:00:00 -0000

If you live in a market where home prices are hovering above $500,000, this is the episode for you. You’ve all told us loud and clear: real estate investing is tough when you live in an expensive market. Many investors feel like they can’t buy a single property, let alone scale to financial freedom. We hear you, and today we’re giving you multiple strategies that work in high-priced markets.

We’re not only showing you which investments work, but sharing the cash flow “superchargers” that routinely make rental property investors even more money in markets that many assume won’t work.

We have different strategies for every investor: value-add, high-cash flow, low money down, and how to combine them to make the most money possible on your next investment. Plus, Dave shares the hybrid approach he’s using to invest in his pricey market (Seattle) and build a cash-flowing portfolio out of state.

In This Episode We Cover

How to invest in real estate when you live in an expensive market

The “slow BRRRR” value-add strategy that makes you rich with way less stress

Rental properties you can buy with just 5% down (even in pricey markets)

Cash flow “supercharger” strategies that turn ordinary properties into money-making machines

How to combine cheaper out-of-state investments with local net-worth-boosting properties

And So Much More!

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How Many Rentals Can One Person Actually Manage?

Wed, 19 Nov 2025 12:00:00 -0000

Someone drove a car into Henry’s house. Yes, through his rental property.

For 99% of people reading this, that would put them in the hospital from stress. But Henry didn’t even need to lift a finger when this happened to him on vacation. Why? We’re about to tell you on this BiggerPockets Forum Q&A episode!

You’ve got a few rental properties—maybe even a decent-sized portfolio—but you want to scale. How many rentals can you realistically self-manage? 10? 30? 50? What’s the tipping point where you go from managing it all to creating another full-time job for yourself? And when should you finally hire a property manager? Henry scaled up to 70 rental units before fully outsourcing, but he agrees that doing it sooner (and with fewer units) might have been the better move.

Plus, Dave shares how to analyze real estate deals in under a minute when you’ve got dozens of potential rental properties in the pipeline. That’s right, the Data Deli himself is telling you NOT to open a spreadsheet for 90% of deals, and to use his quick “gut check” process instead. An investor also asks whether they should BRRRR in a rough neighborhood (C- or D-class) with low appreciation potential. Is there enough juice to make it worth it? Dave and Henry say it could be—but only in this circumstance.

In This Episode We Cover

How many rental properties can one person realistically scale to (self-managing)?

Dave and Henry’s quick “gut check” process for analyzing real estate deals ASAP

BRRRRing in a C- or D-class neighborhood (what if it doesn’t appreciate?)

The first steps every beginner real estate investor should take before buying property

How to run the numbers on a house hack to ensure it makes sense for your lifestyle

And So Much More!

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Sleeping at Work to Build an 8-Unit Portfolio in America’s Most Expensive City

Mon, 17 Nov 2025 12:00:00 -0000

Ben Chester had no money. In fact, it was worse—he had $120,000 in debt. He was sleeping at work and renting out his own rented apartment just to survive in America’s most expensive market—New York City.

Now, six years later, he has eight rental properties, is debt-free, and even owns Billy Joel’s former residence (yes, you read that right).

If you’re living in an expensive market and think it’s impossible to invest, Ben has the formula for you. He turned very little money into a one-bedroom apartment empire—buying whatever he could in New York City, knowing it would all be worth the sacrifice. He’s split these small apartments into multiple rentals with up to four tenants, allowing him to make the numbers work even when everyone else says it’s impossible.

But that’s not the best part. After unlocking a tax “loophole” when buying a lake house, Ben is now able to offset 100% of his W-2 income taxes, meaning he often gets a check back from the government every year, all thanks to his real estate. Thought it was impossible to invest in markets like New York City? Ben is about to make it a very attractive option.

In This Episode We Cover

Turning a one-bedroom apartment into four living spaces with multiple roommates

The astonishing price Ben is paying for these tiny rentals (and why they’re worth it)

The tax “loophole” that regular real estate investors can use to offset all of their income

Buying (and renovating) Billy Joel’s house! Yes, Ben actually did that

How to finance your home renovation when you don’t have the cash (0% interest)

And So Much More!

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A Turning Point for the Housing Market? | Nov. Housing Market Update

Fri, 14 Nov 2025 12:00:00 -0000

The realities of a housing market correction are setting in. This could be the turning point for real estate that investors (and homebuyers) have been waiting for. Are you ready?

We’re back with our November housing market update, giving you the latest data on home prices, housing inventory, days on market, affordability, and where (and what) are the best opportunities for investors.

Sellers are growing increasingly desperate as the buyer’s market shifts further toward the investor’s side. And, with the seasonally slow winter months coming up, this could be the perfect moment to strike a deal.

There’s even better news to come. New affordability measurements are showing what most Americans thought impossible: an improvement in housing affordability. Could this set us on a trend where buying a home (at least temporarily) becomes affordable, and makes deals more profitable for investors? Dave lays it all out in today's show!

In This Episode We Cover

Home price updates and signs sellers are getting increasingly desperate

More choices for investors as housing inventory growth hits a recent record

The areas where homes are sitting on the market for the longest (multiple months!)

Dave’s pick for the best strategy in this buyer-controlled market

Affordability for Americans? A major (positive!) shift we cannot ignore

And So Much More!

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You’ve Bought a Few Rentals…Now What?

Wed, 12 Nov 2025 12:00:00 -0000

You’ve bought a few rental properties…now what?

Odds are, like most real estate investors, you’ve got a small portfolio, but you definitely don’t feel “rich” yet. When does the actual wealth start coming into play? If you’re in this position, you’re already closer to financial freedom than you think. So, how do you move forward, and what moves do you make to get there faster?

Both Dave and Henry have sat down and asked, “So…where’s the money?” years into their real estate investing careers. Now, farther down the line, they’ve created millions in wealth and thousands (if not tens of thousands) in monthly cash flow. This took time, but it also took some pivots. That’s why today, both these experts are laying out how you actually get to your financial end goals even if you feel like you’re not even close.

Should you quit your job and go full-time into real estate? Should you reinvest cash flow or pay yourself first? Should you switch strategies if you feel like there’s more money to be made? And what do you do when you feel burnt out on buying rentals? This is how to unlock the real wealth in real estate after your first properties.

In This Episode We Cover

Yes, you can still reach financial freedom in 10 years with real estate

How to use your cash flow to invest faster and get wealthier quicker

Why you always need a “job,” even if that means working for yourself

How Henry pays his bills while investing (he does not touch the cash flow…yet)

The two benefits you must get from your real estate investing strategy (or change it ASAP)

What to do when you’re burnt out on investing or dealing with tenants

And So Much More!

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I Started BRRRR-ing in My Mid-40s, Now I’ll Retire a Decade Earlier

Mon, 10 Nov 2025 12:00:00 -0000

Brian Waters was destined to work until he was at least 63 years old. Now, just five years after starting to invest intentionally, he’s got 16 rental units that can retire him a decade earlier! How’d he do it? A combination of easy, done-for-you out-of-state investment properties and the ever-profitable BRRRR method.

Brian’s work isn’t sitting at a desk or crunching numbers. He’s a firefighter and is routinely one serious injury away from his career being over. With a family to support, losing his work wasn’t an option. So, in his 40s, he decided to pivot and go all-in on building a real estate portfolio. He bought a couple of properties in his home state of California before Southern California prices began to eat into his limited savings. So, things had to change.

By being extremely clear about his plan, Brian began investing out of state, buying over a dozen properties without ever laying eyes on them. He tried a very beginner-friendly strategy that helped him build his out-of-state portfolio before moving on to the BRRRR method, where he gets paid to buy cash-flowing rentals in areas 99% of investors overlook. In five years, he’s completely transformed his financial future, using a method you can, too!

In This Episode We Cover

The best out-of-state real estate investment for beginners (completely hands-off)

How to use the BRRRR method even when you’re living thousands of miles away from your investing market

Using your primary residence’s equity to fund your first (or next) real estate deal

What to do once you’ve run out of cash to invest (should you raise private money?)

Why you do NOT need to wait until you're 65 to finally retire

And So Much More!

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The “Great Stall” Has Begun

Fri, 07 Nov 2025 12:00:00 -0000

The housing market is not going to crash tomorrow. It’s also not going to boom soon. We’re not in 2008, and we’re also not in 2020. We’re in a strange gray area, a zone that most Americans have never experienced before.

We’re entering the “Great Stall.” And this could last for years.

All data points to a new kind of housing market forming. But why, and why now? Is there any chance of a housing crash or home price explosion like before? Yes, but Dave is going to break down the odds of each scenario, plus what to do in the most likely scenario, while home prices stagnate and mortgage rates stay relatively high.

If you want to take advantage of the “Great Stall,” so that when home prices do go back up you’ll profit, there are four things you need to do. We’ll break down each step so you can prepare and pounce on the investment property that makes your future self wealthy.

The “Great Stall” is here, and when it’s over, millions of Americans will wish they had bought.

In This Episode We Cover

Crash, boom, or plateau? The most likely scenario for home prices over the next few years

How to prepare for the “Great Stall” and take advantage of frozen home prices

The “upsides” you must look for that could explode your wealth when appreciation returns

Why you need to start going “risk-off” in your investing to protect your wealth

What will finally cause home prices to rebound and Americans to get back into the market

And So Much More!

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4 High-Return, Beginner-Friendly Investing Strategies for 2026

Wed, 05 Nov 2025 12:00:00 -0000

Want to start investing in real estate? Then you’ll need an easy way to get into the game: no huge fix and flips or pricey renovations, no 20-unit apartment buildings or hotels. If you’re starting now (or starting over), we have four real estate investing strategies that still work in 2025 (and most likely will in 2026) for beginner-friendly budgets and solid returns.

Tony Robinson, host of the Real Estate Rookie podcast, has heard from hundreds of beginner investors and helped many of them grow and scale. He sees that things are changing, and they’re changing quickly. Dead strategies are making a comeback, popular properties are no longer as profitable, and beginners are feeling more analysis paralysis. How do you actually get your first deal done? Don’t make it so hard!

Tony is sharing four beginner strategies that rookies can use to start investing. From low-money-down homes that make average Americans millionaires, to the big cash flow (with small properties) strategy that could replace your job, and even a 100% passive investment many rookies don’t think they qualify for.

This could be the day your financial future changes forever. So, are you ready to invest?

In This Episode We Cover

Four beginner-friendly real estate investing strategies that work in 2025

The fastest path to financial freedom that average Americans can take advantage of

How “co-living” could replace your job with high cash flow from regular rentals

An Airbnb rebound? Why dropping vacation rental prices is a sign of deals for investors

Yes, even rookies can make 100% passive income (using this one strategy)

And So Much More!

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I Bought 3 Rentals Then Ran Out of Money…Now I Have 50 Units

Mon, 03 Nov 2025 12:00:00 -0000

Retirement seemed way too far away for Jessie Dillon. She was burnt out, in physical pain every day, and tired of working so hard. What could get her to the semi-retired lifestyle she wanted faster? Rental properties, of course.

Now, just four years later, Jessie has thousands of dollars in monthly cash flow and over a million dollars in real estate equity. Her dreams of location-independence are coming to fruition soon, and she’s sharing how you can do it, too, even if you have less money than you need to invest.

Jessie was hooked on real estate from the start, buying rentals while she was renting herself. But after three property purchases, she was strapped for cash—but she didn’t give up. By creating an ingenious partner-finding system, she found her money partner and bought a rental that changed her life (and made them $1,000,000 in the process). Now, she’s repeated the system multiple times, with 50 units on a 50/50 partnership. And she did it all while in her thirties.

She’s giving away her exact system so anyone can take it, repeat it, and retire early!

In This Episode We Cover

How to invest in real estate after you’ve run out of money (you don’t have to wait to save up)

The one rental property that made Jessie and her partner over $1,000,000

How much cash flow you should be making on every rental property you buy

Jessie’s ingenious system for finding a real estate investing partner in your network

Stop self-managing: why Jessie (and Dave) think you should hire a property manager

And So Much More!

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Don’t Bet on the Fed: What Investors Need to Do Now as Rates Rise Again

Fri, 31 Oct 2025 11:00:00 -0000

The Federal Reserve just cut rates by another 0.25%, but mortgage rates went…up? This is now the fourth time the Fed has lowered its federal funds rate, and mortgage rates have defied them. It’s becoming clearer than ever before: real estate investors cannot rely on the Fed to save them.

If you’re waiting for mortgage rates to get back in the mid-to-low 5% range, you might be waiting for a while. But you don’t have to. Dave (and the guests on this show) are actively buying real estate deals, building their portfolios, and increasing their cash flow, all while interest rates are high. You can do it too—no matter what the Fed decides. In fact, right now may be a low-rate period that future investors will wish they could return to.

There are six things you can do right now to lock in great real estate deals, even with rates rising higher. This is the opportunity for investors. Average homebuyers are sitting on the sidelines, many investors are still scared to jump back in, all while sellers are lowering prices, offering concessions, and willing to negotiate. You wanted a time to get better deals? This is it, and the Fed’s moves are only giving you more control.

In This Episode We Cover

The Fed rate cut update and why mortgage rates went up after the announcement

The real reason why the Fed’s cuts aren’t moving mortgage rates lower

Six ways to take advantage of a high-rate, lower-competition housing market

The “relatively affordable” pockets of the country that are seeing rising housing demand

Why real estate forecasters could be dead wrong and rates could rise over the next few years

And So Much More!

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He Was Right in 2000, 2008, and 2020: Now He’s Saying to Buy

Wed, 29 Oct 2025 11:00:00 -0000

He was right in 2000, 2008, and 2020—now he’s saying it’s time to buy.

Brian Burke is one of the most revered minds in real estate investing. Almost nobody has done what he has—purchased over $1 billion in real estate without ever losing investor money. He played it safe, made moves 99% of investors couldn’t believe (including selling 75% of his portfolio at the peak in 2022), and came out on top time and time again. Now, he’s saying it’s time to get back into the housing market, but for specific properties.

Brian thinks now is the time to make moves and that this “stall” in pricing could last years and is a massive boon to real estate investors. Brian has historically purchased in these often-ignored lull periods, and even small deals he bought back then are now paying for his retirement and oceanfront Hawaii property. He stresses that you should buy these manageable, small, and powerful properties right now, too, so you can reach financial freedom faster like he did.

What are the properties Brian says investors should be scooping up right now? We’re sharing in this episode.

In This Episode We Cover

Why Brian believes that these “stalled” home prices could last a while

The perfect rental property for small investors that will pay for your early retirement

Looking for “problem” properties that have huge upside potential

A repeat of the mid-1990s? Why we’re following the same slow, steady trend

Pay off your rentals faster! What Brian did to speed up his financial freedom timeline

And So Much More!

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I Started with Just $3,500: How I Bought My First Rental Property

Mon, 27 Oct 2025 11:00:00 -0000

You’ve got little savings but want to buy a rental property. You see so many “no money down” investing strategies, but how do you know you won’t get burned trying them out? If you want to learn how to invest in real estate with no money, the right way, you need to take tips from those who have done it successfully without overleveraging themselves. Today, we’ve got two experts who bought rentals with very little savings and did it the legitimate way.

Deandra McDonald went from $5,000 in credit card debt and a $28,000 salary to financial freedom with rentals in just a decade. Dave Meyer (your host!) was waiting tables when he bought his first rental. Both did it without sketchy loans, running up credit card debt, or getting in over their heads—and they started with barely any money.

In this episode, we’ll walk through the steps you need to take and strategies you must try to buy real estate with no money. We’ll talk about how to fix your credit and become lendable, improve your income so you have cash reserves, down payment assistance programs that can get you into your first property for under $1,000, and the minimum amount you’ll need to invest safely.

No money? No problem. This is the blueprint for buying rentals with little to no money!

In This Episode We Cover

How to invest in real estate with no money and a lower income

Down payment assistance programs that can cover thousands in closing costs

The #1 best strategy for beginner real estate investors that requires the least amount of money

How to fix your money habits and build saving skills so you’re ready to buy rentals

Real estate partnership setups that give you equity in exchange for work

What to do when a bank won’t approve your mortgage application

And So Much More!

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Home Prices Could “Stall” for Years | October 2025 Housing Market Update

Fri, 24 Oct 2025 11:00:00 -0000

Home prices might not rebound for years.

For many markets, we’re seeing negative price growth, and even in the “hot” markets, that growth is slowing way down. Inventory is up, affordability isn’t, and the supply-demand balance is shifting fast. But here’s the thing. If prices remain stagnant, investors may have years’ worth of opportunities to buy, and when the market swings in the other direction, those who did could see significant appreciation. This isn’t a guess—we’ve seen this many times before.

Dave is here to break it all down in this October 2025 housing market update. We’re going to get into it all: home prices, housing inventory and demand, rent price growth predictions, and the huge upside for investors that many are already taking advantage of.

Plus, a shocking statistic reveals the “real” home price appreciation in America and why it’s nothing like what you think. This could hurt real estate investors in the short term, but it could be life-changing for anyone who invests for the future.

In This Episode We Cover

Why home prices in America could stagnate for years to come

The huge advantage real estate investors will have to scoop up discounted deals

A shocking calculation on the “real” (inflation-adjusted) home price appreciation in America

When home prices could rebound again (how long you have to buy more property)

Rent price updates and the two things keeping rent growth so low

And So Much More!

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Real Estate is Getting Riskier…and It’s Making Investors Wealthy

Wed, 22 Oct 2025 11:00:00 -0000

Real estate investing is riskier today than it has been in years—and that’s a good thing. If you invest in real estate, what do you hope for? Opportunities to buy low, sell high, and cash flow in the middle. That’s exactly what’s happening in 2025—and it’s these “riskier” times that have made millions of real estate investors wealthy in the past.

But if you don’t know the risks, you could get hurt. Today, we’re explaining the biggest risks to real estate investing in 2025, how to mitigate all of them, and how to use them to your advantage, so in five years, everyone will wish they did what you did.

This is a “risk-off” time in the market, meaning big, risky swings on problem properties have even greater downsides. That’s why we’re sharing what our “perfect” property criteria is for a housing market like this one. These homes are easier to find, rent, sell (if need be), and can be purchased at sizable discounts. And if you think just sitting on the sidelines is keeping you safe, think again. We’re sharing another risk that could be even more threatening to your wealth.

In This Episode We Cover

The biggest risks of real estate investing in 2025 and how experts avoid them

The single greatest financial risk to all Americans right now (and why investors won’t get hit)

Our “perfect” property buy box for low-risk, higher-upside real estate investments

The properties you should avoid buying today (they’re far riskier than you think)

Dave’s three investing tips that will keep you afloat (and cash flowing) even during turbulent real estate markets

And So Much More!

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How to Invest in Real Estate WHILE in College (It’s Possible!)

Mon, 20 Oct 2025 11:00:00 -0000

Think you’re too young to start buying rentals and building wealth? You’re not! If you want to know how to invest in real estate while in college, or in your 20s, Daniel Kaplan has the blueprint. In three years, he went from having just $10,000 to his name to owning 99 rental units (and counting)!

As a college sophomore, Daniel bought a rental property for less than $50,000 (yes, really!). Then, he used the Section 8 investing strategy to mitigate his risk, earn consistent rent checks, and lock in over $600 in monthly cash flow. This first investment was a home run, but as you’re about to find out, it was just the first of many deals for Daniel. Today, he’s closing in on 100 total units!

Recently graduated, Daniel now uses wholesale real estate to help fund his investments and has a large real estate portfolio that spans three completely different markets—all because he took action with his limited money and resources. In this episode, you’ll learn how to do the same, no matter your age, experience, or season of life!

In This Episode We Cover

How to invest in real estate in your 20s (even as a college student)

How Daniel went from having $10,000 in savings to owning 99 units in just three years

Real estate side hustles you can use to fund your next investment

How to create consistent cash flow with the Section 8 investing model

Common home renovation mistakes that could cost you thousands

And So Much More!

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AI Could Take Your Job, But It Can't Take Your Real Estate

Fri, 17 Oct 2025 11:00:00 -0000

30% of all jobs could be affected by AI. And if you work in sales, marketing, software engineering, or really any other white-collar profession, there’s a chance your job will be much different (or no longer exist) in a decade. This means that the “work for 40 years and comfortably retire” plan is slowly becoming less realistic.

But what’s the one thing AI can’t take? Your real estate portfolio and the passive income that comes with it.

Today, we’re talking about how you can AI-proof your income with real estate investments. In fact, for those who own assets, AI will most likely help you make even more money in less time. But why real estate specifically? Why is this asset class so primed to be the AI-proof answer? And how can you start investing now, so if your job disappears, your income streams don’t?

AI may take your job, but it’s never going to take your real estate.

In This Episode We Cover

Why real estate is (arguably) the strongest way to protect your income in an AI-driven economy

The end of traditional “retirement” and how AI could change the American working career

Jobs that are becoming more and more valuable in the AI age

Why ownership beats AI and why those without assets will struggle

AI tools we’re using to automate our real estate businesses right now

And So Much More!

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

How Much Do You Need to Invest to Replace Your Income with Rentals?

Wed, 15 Oct 2025 11:00:00 -0000

How much money do you need to invest to retire with real estate? We did the math, and it’s not as much as you’d think. In fact, in some markets, even with a small amount of disposable income, you could become financially free in just five years. We’re asked about retiring with rentals so often that we’re providing an in-depth answer in today’s show.

You asked, Dave and Henry are answering. Today, we’re grabbing questions directly from the BiggerPockets Forums and shooting them straight at two of the most trusted real estate investors in the industry.

One beginner wants to know how he can achieve financial independence in just five to ten years with rental properties. He has $3,000/month to invest, but will that be enough? Another rookie investor is considering the ultimate real estate portfolio to build: do you start with a single-family home and then move on to multifamily, or do something completely different? Dave and Henry both give a take that you might not expect.

To end, we have a double debate: cash flow vs. appreciation (and which makes you richer) and existing vs. new-build rental properties (is a higher price worth fewer headaches?). Want to build wealth with real estate? Today’s answers might surprise you.

In This Episode We Cover

How much do you need to invest to reach financial freedom with rentals?

What are the best rental properties for beginners? How to find the perfect fit for your situation

Why, if you want to build wealth, you need to stop caring so much about cash flow

The low-headache rental property: are new construction rentals really worth the cost?

Why Dave is upset he hasn’t won the Pulitzer Prize yet

And So Much More!

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How I Built a $100K/Year Passive Income Stream in 5 Years

Mon, 13 Oct 2025 11:00:00 -0000

How much passive income would you need to retire early? $60K/year? $80K/year? $100K/year? What if you could build a financially freeing passive income stream in just five years? Five years from now, you could retire early, quit your job, or keep building wealth. What would that freedom feel like?

Joe Hammel has already achieved it, using a simplistic, beginner-friendly “bread and butter” rental strategy. Today, he’s generating $115,000/year in pure cash flow from his rentals, just five years after buying his first rental. In this episode, Joe shares exactly how he grew his six-figure passive income stream and the exact blueprint you can use to replicate it.

Joe invests in a market that real estate investors used to laugh at—Detroit. However, the tables are now turning, as Detroit continues to see solid appreciation, cash flow, and affordable prices. Joe buys houses for $100,000 (yes, even today), often using the “slow BRRRR strategy”, and rents them out for well above his costs. He says out-of-state investors can do this easily as well, and he has helped dozens repeat his system.

This could be your path to achieving financial freedom in under a decade, just like Joe!

In This Episode We Cover

The “bread and butter” rentals beginners can buy to build passive income streams

Why Joe says Detroit is such a solid real estate investing market (especially now)

Using the “slow BRRRR” method to build wealth faster and increase your equity

The best rental property types to target (for beginner investors, especially!)

How to invest in affordable markets even if you live hours away

And So Much More!

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Zillow: The Buying Window Could Be Closing in These States

Fri, 10 Oct 2025 11:00:00 -0000

The buying window could be closing in these housing markets. For the first time in years, inventory is dropping in once-strong buyer’s markets. Sellers are tired of waiting for offers and refusing to get lowballed, so more are staying put. With less inventory comes more competition, rising prices, and vulnerable buyers. So, which markets are most at risk?

Senior Economist at Zillow, Kara Ng, joins us to share the latest data on the housing market. Buyers have realized mortgage rates probably aren’t going back to 5% any time soon, but with sellers opting to stay in their homes, are would-be homebuyers stuck between high rent and high mortgage payments?

But there’s good news for new investors and first-time homebuyers. A new resource allowing buyers to get down payment assistance was recently released, helping those who don’t have tens of thousands saved for a down payment.

Want a return to an affordable housing market? Kara shares the single biggest variable that’s stopping affordability (it’s not mortgage rates) and how, if we can solve it, every American could benefit.

In This Episode We Cover

Zillow’s latest housing market update, price prediction, and mortgage rate forecast

Buyer’s market no more? How sellers are taking their housing market power back

The real reason why no one is moving (and why the housing market is stuck)

Zillow’s new down payment assistance resource for first-time homebuyers

The one true solution to our affordability problem (it isn’t lowering interest rates)

And So Much More!

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How to Make the Most Money Possible from Your Rental Property

Wed, 08 Oct 2025 11:00:00 -0000

This is how to make the most money possible from your rental properties without buying another unit. We got into real estate investing to build wealth, not have the biggest portfolio possible. Financial freedom isn’t so freeing when you have a hundred rental units and hundreds of tenants calling. So, can you make more money with fewer rental units? Yes, and today, we’re giving you five ways to do it.

Each of these tips will help you increase your cash flow without having to put a down payment on another property. You can raise the value of each rental unit (growing your net worth) and boost rents by hundreds of dollars a month (more cash flow, same property). We’re discussing the amenities that renters will pay more for, the “convenience” factors you can charge for, and the strategies that generate more revenue than long-term rentals.

You don’t need a huge real estate portfolio to achieve financial freedom, but you do need an efficient one. Follow any of these five tips, and you could make more with less, reaching your ultimate cash flow goal faster.

In This Episode We Cover

How to increase the “perceived” value of your rental property with inexpensive upgrades

The amenities that renters will gladly pay more for (and aren’t difficult to add)

The “capacity” renovations Henry uses to increase his cash flow by thousands per year

When to switch from a long-term rental to a higher-revenue short or medium-term rental

The “convenience” amenities that take spare space and turn it into extra income

And So Much More!

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Turning a $25,000 Rental Property into a $5,000/Month Rental Portfolio

Mon, 06 Oct 2025 11:00:00 -0000

This investor turned a $25,000 rental property (yes, you read that right) into a real estate portfolio producing $5,000/month in actual cash flow. He had no experience, lived in a small town many would write off, and was working 60 hours a week. But small towns mean less competition and lower prices, and Dustin Cardenas was ready to take advantage. Seven years later, he’s financially free thanks to his small rental portfolio!

Dustin’s small town of 30,000 people is located in one of the most affordable parts of the country. Houses routinely sell for $30,000 to $50,000, a down payment for many investors across the US. He’s what you’d call an “everyman”—he’s worked in pest control, as a car salesman, and in a juvenile detention facility. In other words, he had no silver spoon.

When a local investor in town told him, “You can do this,” he took the chance. Now, seven years later, he’s got 20 rental units, left his full-time position at work, and is making a life-changing amount of rental income. These affordable, cash-flowing towns exist throughout the US, and like Dustin, you could use them to reach financial freedom!

In This Episode We Cover

The uber-affordable small Midwest towns where rentals are less than $50,000

The perfect starter real estate investment Dustin used to scale fast

Why you must ask your bank for a line of credit if you’re ready to invest more

Dustin’s tips to save money on your next rental renovation (huge savings!)

Better than Airbnb? Why Dustin ditched his short-term rental and makes phenomenal cash flow with this strategy

And So Much More!

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The New (Better) House Hack: No Roommates, More Rent

Fri, 03 Oct 2025 11:00:00 -0000

House hacking is still the easiest way to start investing in real estate—and it’s getting even easier. You no longer need to live with roommates, share spaces with tenants, and give up your home to offset your mortgage. Instead, thanks to some new methods, you may not even need to live with or next to a tenant at all. These “house hacking” methods still make you rich, still save you tons of money, and work in 2025. In fact, they’re so good, Dave and Henry are doing them right now, even in their 30s and 40s, even with spouses and kids!

So what is house hacking? House hacking is when you rent out a portion of the space in or on your property to offset your mortgage cost. This could be renting out one unit in a duplex while you live in the other, or renting out a bedroom in a single-family home. While those are the more “traditional” ways to house hack, there are new tactics that still make you money every month without giving up your personal space. We’re talking about renting out garages, extra land, swimming pools, and more.

Plus, new house hacking loans allow you to put even less money down on your next property so that you can get in with little money down, have other people pay most of your mortgage, and use the savings to build your passive income streams faster. It’s made us wealthy, and thousands of other investors, too. So, when are you going to start house hacking?

In This Episode We Cover

Why house hacking is the easiest way to get started in real estate in 2025

How to house hack without having roommates (multiple methods)

New 5% down loans you can use for single-family AND multifamily rentals

Alternatives to renting rooms/units (renting swimming pools, garage space, office space, land, etc.)

Why Fall 2025 may be an even easier time to get your first house hack (buyers in control!)

Henry’s new home that he’s personally designed for house hacking (you’ll want to live there)

And So Much More!

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How to Invest in Real Estate on Lower Income ($50,000 or Less)

Wed, 01 Oct 2025 11:00:00 -0000

This is how to buy rental properties on a lower salary ($50,000 or less per year) in six steps.

If you think you need to be rich to buy rentals, you couldn’t be more wrong. In fact, real estate may be the best investment for those who want to go from low income to financial freedom. You can grow your portfolio faster by using loans, get cash flow that can retire you early, and even make hundreds of thousands completely tax-free.

We’re going to share multiple strategies you can use on a lower income to get your first property for as little as 0% down.

Dave is also highlighting three real estate investing strategies that beginners with little money can use to maximize their investment the most. This means you could turn one investment property into multiple, supercharging your investment so you can repeat it and become wealthier faster, regardless of how much you make at work.

Listen, you DON’T need to make six-figures to buy your first property. This is how you do it with half of that.

In This Episode We Cover

How to buy your first rental property while making $50,000 per year or less

Lower-income loans and down payment options that require little money down

The three best real estate investing strategies to multiply your money so you can reinvest faster

The first step you should take today if you’re serious about building wealth with real estate

Homebuyer grants that offer thousands in assistance available only for lower income limits

And So Much More!

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I Had ZERO Experience and Replaced My Income with Real Estate

Mon, 29 Sep 2025 11:00:00 -0000

Have zero experience in real estate investing (literally no idea where to begin)? This guest proves you could be financially free in ten years or less if you start today.

Just a decade ago, Peter Fife was broke, working a dead-end job, and never thought about investment properties. He had such little money that when a book on investing piqued his interest, he would sit in a bookshop reading it, but never buying it. His brother, who had some money but bad credit, asked Peter to use his credit to fund a renovation on a triplex. Both had no idea what they were getting into—essentially a second job after their nine-to-fives, painting, replacing floors, scrubbing walls.

The profit from the first deal? Close to a six-figure check, replacing Peter’s income. He then did his spin on the BRRRR method—buying, renovating, reinvesting, and repeating—quitting his job with just two properties.

Now, less than a decade later, he’s financially free with enough passive income to support him and his wife. He took some huge risks, including selling everything he worked for to buy one really run-down property. The gamble worked out, and he’s still using the same formula today!

You don’t need experience to start investing, just follow Peter’s framework!

In This Episode We Cover

How to invest in real estate when you have no money or experience to start

The shadiest lender ever (please don’t do what Peter did)

Why you must reinvest profits from your first real estate deals

How to know it’s time to quit your job to go all-in on real estate investing

Peter’s repeatable BRRRR formula (buy, rehab, REINVEST, repeat)

Why Peter sold his best rentals to buy a beat-up multifamily property (and how much it makes now)

And So Much More!

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Sept. 2025 Housing Market Update: Mild Correction, Any Signs of a Crash?

Fri, 26 Sep 2025 11:00:00 -0000

We can definitively say it now: the buyer’s market is here.

The housing market is cooling down, but the deals are heating up as a “mild” correction slows down hot markets and gives buyers even more power in cold ones. With it comes buying opportunities—ones that real estate investors have been starved of over the past few years. You can negotiate for more, offer less, and lock in a lower mortgage rate than last year.

The question is: will this correction turn into a full-blown housing crash? Dave’s giving you his honest (and data-backed) opinion in this September 2025 housing market update!

Mortgage delinquencies are rising rapidly in one subset of the market, the crash-bro clickbaiters say it’s a sign of a coming housing apocalypse—are they finally right about something? One thing is certain: a few housing markets across the US are in danger of slipping into an even more oversupplied market. But, with new data showing that sellers are quitting and walking away, will this reverse the worrying trend?

Stick around, we’ve got your housing market update without the hype.

In This Episode We Cover

The “mild” housing market correction: what it means and whether it’ll become a crash

Updated home price predictions and how much prices will rise/fall by the end of the year

Signs that you can start confidently bidding under asking price (but by how much?)

Why inventory is beginning to reverse (have sellers finally had enough?)

Mortgage delinquencies are rising: who’s affected and could it lead to foreclosures?

What investors should do now to prepare to buy discounted deals (be patient!)

And So Much More!

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How to Buy a Small Multifamily Rental (2-4 Units) in 2025

Wed, 24 Sep 2025 11:00:00 -0000

Small multifamily rentals may be the secret to turning average investors into millionaires. These unassuming properties are in the perfect “sweet spot” for scaling a real estate portfolio, helping you reach financial independence faster with more passive income than regular, single-family rentals, but with even fewer expenses.

Today, we’re giving you the five steps to buy your first small multifamily and why 2025 may be the best time to get in the game.

Dave, your host, is financially free right now primarily because of small multifamily rentals. His first rental was a small multifamily, he house-hacked a small multifamily, and over a decade later, this remains his favorite real estate investment—for good reason. Small multifamily properties bring in more rent but leave you with only one roof, one furnace, and one foundation to worry about. You can use the best, lowest down payment debt to get one, and just a few of these properties could make you financially free.

So, how do you buy your first multifamily property? We’ll break down the five beginner-friendly steps to get there, from picking a market to finding deals, getting a loan, analyzing for cash flow, and closing and managing. This is the small multifamily blueprint that works in 2025 (we’re currently using it to invest!).

In This Episode We Cover

Why small multifamily rentals are in the perfect investing “sweet spot” for 2025

The five simple steps you can take this year to buy a small multifamily rental

Why smaller multifamily rentals often outperform larger ones

How to get into your first small multifamily for just 3.5% down

The best real estate markets for small multifamily investing in 2025

And So Much More!

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From $20K/Year Salary to $20K+/Month Passive Income w/Ashley Hamilton

Mon, 22 Sep 2025 11:00:00 -0000

Ashley Hamilton had every card stacked against her in achieving financial freedom. She was a single mother with two children, earning just $20,000 per year working as a waitress, living in Detroit, one of the hardest-hit markets following the Great Financial Crisis.

Sixteen years later, she’s making $50,000 per month in pure cash flow (and she has the receipts to prove it)!

In Detroit, foreclosures were running rampant, houses were being repossessed left and right, but what could she do with almost no disposable income? Thanks to a $6,000 tax refund check, Ashley did what everyone told her not to do—buy a house during the crash. Fortune favors the bold, and Ashley was soon making $7,000 per year in cash flow from a single property. It was time to repeat the system and buy more rentals. With each tax refund, a new property was acquired, and get this—without using a mortgage.

Ashley scaled fast thanks to her super-saver mentality, and now makes more passive income in one month than many people do in a year. She’s done it all with fewer rental properties, striving to have more cash flow instead of more doors. She’s walking through her portfolio, breaking down which properties make the most, and how to scale beyond financial freedom, no matter your starting point.

In This Episode We Cover

How to invest in real estate even if you have a low salary and little disposable income

Why you don’t need a massive real estate portfolio for financial freedom

The best piece of advice Ashley gives to new real estate investors

The secret to scaling your real estate portfolio that 99% of people will ignore

Breaking the generational poverty curse and giving your kids a greater life

And So Much More!

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Fed Cuts Rates: Who Needs to Rate Lock and Refinance ASAP

Fri, 19 Sep 2025 11:00:00 -0000

The Federal Reserve has finally cut rates. Will mortgage rates follow? If you’ve been waiting to rate lock or refinance, is now the time, or does the market think we have even further to fall?

With inflation coming down from past years’ peaks and unemployment slowly ticking up, the Fed made the decision everyone was waiting for: cut rates…cautiously. There are still more 2025 rate cuts lined up, but they may not have the effect on mortgage rates that many people think. Many expect mortgage rates could dip into the mid-5% range by late 2025—Dave isn’t so sure.

Today, we’re giving you a full recap of the Fed meeting and their announcement, what current mortgage rates are, and interest rate predictions for the rest of 2025 and into 2026. Plus, Dave shares who should consider rate locking and refinancing right now as mortgage rates have fallen over the past couple of months.

If you missed the Fed meeting, don’t worry, this episode will get you up to speed!

In This Episode We Cover

The Fed’s recent rate cut announcement and where mortgage rates are today

Mortgage interest rate predictions and whether we’ll dip into the 5%-range by the end of 2025

Who should rate lock and refinance now, given that rates may go back up (what Dave would do)

Future Fed rate cuts and where current Fed members think we’ll be in 2026, 2027, and beyond

The two scenarios that could lead to us seeing 5% mortgage rates again

And So Much More!

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Buy Now vs. Wait and the Best First Rental for Beginners

Wed, 17 Sep 2025 11:00:00 -0000

Should you buy a rental property now or wait? If you buy now and prices rise, you’ll get all the appreciation that comes with it and have the chance to refinance at any point in the future. But waiting to have a larger down payment could get you a better loan and put you in a stronger financial position. You want to get into real estate investing soon, so what should you do?

We’re answering this question, and more, on this Q&A episode where we field actual investor dilemmas and share what we’d do in these situations. First, the classic buy now or wait debate. Mortgage rates are falling, and so are prices in many areas, and if you’ve got just enough money to buy your first rental, is now the time to do it? Or, do you wait and save, bringing even more money to the table?

Should you renovate a house as a first-time real estate investor? If done right, the benefits could be massive, but veteran house flipper James Dainard says there’s only so far into a renovation you should go as a beginner. Plus, do you want 100% financing as a new investor with no experience? We’ve got some interesting news for you! Finally, the one flipping metric to rule them all—what James uses on every flip to see if it’s worth it.

See Dave and James live at BPCON2025. Limited tickets are still available!

In This Episode We Cover

Whether to buy a rental property now or wait until you have more saved up (is it worth it?)

Should you buy a move-in-ready rental property or renovate as a beginner?

Can new investors really get 100% financing on their first real estate deal?

Why James stopped looking at “profit” before deciding on whether a flip is worth it

How to get James’ personal advice on your next deal (you have to bring him this)

And So Much More!

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From Starting Over at 30 to 17 Rentals (and Financial Freedom) 5 Years Later

Mon, 15 Sep 2025 11:00:00 -0000

At 30, Sarah King was forced to liquidate all her assets after a messy divorce. She had to start over and rebuild any wealth she had acquired, all while being a single mom to her one-year-old. Now, just five years later, she has 17 rental properties and is on track to retire early as a multimillionaire over a decade before traditional retirement age. She did it all with very little money and creatively found ways to invest without having a huge bank account.

And she’s done it all while working full-time.

After building up a small rental portfolio with her now ex-husband, Sarah already had some of the skillset to invest in real estate. The problem? Those properties were sold to pay for divorce fees, leaving her with little money, but a basic plan. Her next step? Find a duplex, renovate it to increase the equity, rent out one side, and live in the other, and…repeat. She did a house hack BRRRR (buy, rehab, rent, refinance, repeat)!

With proof of concept, Sarah went on to repeat this renovation and refinance process, allowing her to scale, with little money, into a sizable rental property portfolio that will pay for her early retirement. Now, she’s got a plan to retire with $6M (yes, you read that right) in assets, and is giving you the framework she’s using to get there so that you can repeat it!

In This Episode We Cover

How to build a rental property portfolio with little money but a need for financial freedom

The best first investment property to start building wealth with (you can do it with kids!)

Why you do not need to use your own money to invest in real estate (private money 101)

Better than long-term rentals? Why Sarah pivoted to this high-cash-flow strategy

Buying homes for $200,000 (or less) and still raking in serious rental income

And So Much More!

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How to Diversify Your Rental Portfolio for Financial Freedom Faster

Fri, 12 Sep 2025 11:00:00 -0000

You’ve built up (or are about to build) a rental portfolio, but something is telling you it’s time to pivot. Maybe you’ve gone too far into one strategy, like owning eight short-term rentals. Or you’re seeing new build-to-rent properties with low prices, low maintenance, and low interest rates, and thinking “hmm…that seems like a good deal.” How do you know when to stay on course with your original plan or pivot to something greater? Which will get you financial freedom faster (and safer)?

This is a dilemma that you’re probably facing, and if you aren’t right now, you will. Garrett Brown is facing this conundrum head-on. He’s spent years building a real estate portfolio, but he’s deep in the vacation rental realm. He wants a safer, more passive, less time-intensive way to diversify his portfolio, so what should he do?

He’s got three options: buy a small multifamily rental, buy another short-term rental in a different part of town, or take advantage of new-build properties with price cuts and significant builder concessions. These are options that are probably open to you right now, and we’re about to show you which makes the most money, which has the least stress, and which is the best for real estate diversification.

In This Episode We Cover

Build-to-rent vs. multifamily vs. Airbnb: Which is the best bet in 2025?

When to pivot strategies and do something new to diversify your real estate portfolio

Red flags when buying a long or short-term rental that could hurt your cash flow

Are the high returns of Airbnb worth the added stress/time to manage?

The unbeatable benefit of new-build rental properties in 2025

And So Much More!

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How to Do a “Slow BRRRR” in 2025 (Better Than BRRRR)

Wed, 10 Sep 2025 11:00:00 -0000

The “Slow BRRRR” method. It’s less risky, comes with more cash flow, and is easier to pull off than the traditional BRRRR (buy, rehab, rent, refinance, repeat) strategy. A couple of weeks ago, we shared why this was the best rental property investing tactic for 2025, and today, we’re walking through the steps so you can do a slow BRRRR this year.

There are five steps to doing a Slow BRRRR. From finding the right property to planning a stress-free renovation to eventually refinancing, we’ll walk through each step, giving you the exact timeline it may take to get there. Busy job? Have other responsibilities? Need flexibility when investing? Great! This method is what you’re looking for, and it’s also the strategy Dave is using right now to invest.

Plus, we’ll walk through an actual Slow BRRRR example to show you that the strategy works, can get you sizable cash flow and equity, and is significantly easier than the traditional BRRRR method. This works even with today’s high interest rates, so you don’t need to stress about rushing through renovations and refinancing. Ready to take the slow, steady, less stressful path to financial freedom? This is it.

In This Episode We Cover

The Slow BRRRR method explained and why it’s even better than the original

How to find the right property for your BRRRR (on-market, no cold calls/letters!)

The best loan to use for a Slow BRRRR that keeps your returns safe

Using the BiggerPockets BRRRR Calculator to run your numbers easily

Why now may be one of the best times to lock in your next BRRRR (buyers have control)

And So Much More!

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I Built a $12K/Month Rental Portfolio While Working 9-5

Mon, 08 Sep 2025 11:00:00 -0000

After a fateful encounter with a real estate investor on vacation, Pratik Shah's eyes were opened to the possibilities of real estate investing. Now, just eight years later, he has a rental property portfolio producing $12,000 per month in pure profit. Even better, he accomplished it all while working a 9-to-5 job, buying rental properties on the side, and managing them from afar. No creative financing strategies, no off-market deal hunting, just picking the right properties in the right markets.

Pratik's secret to a six-figure passive income stream in under a decade? Move markets when deals no longer make sense. Pratik has switched investing markets three times now, going where the cash flow is and the prices make sense. This has helped him grow his real estate portfolio while other investors complain that prices in their markets are too high.

The proof that his repeatable strategy works? An income-replacing amount of cash flow every month that could easily give him the financial freedom many of us dream of. Pratik turned a bad tenant who burned down his house into a huge payday, simple networking into rare real estate deals, and a duplex into a portfolio of just under 20 rental units!

In This Episode We Cover

How Pratik built a $12,000/month passive income stream while working 9-to-5

When it's time to switch real estate investing markets for better opportunities

How Pratik made a six-figure win out of a burned-down house

No more rentals? Why Pratik is pausing on rental properties for a different strategy

Want more off-market deals? Why you need to go to meetups and connect with investors on the BiggerPockets forums!

And So Much More!

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Where We’d Invest in Real Estate Right Now (9 Markets)

Fri, 05 Sep 2025 11:00:00 -0000

Here’s where we’d invest in real estate right now.

The best markets to buy rental properties are often overlooked, affordable cities with strong rents, reasonable home prices, and robust job growth. These markets could not only appreciate steadily, giving you the long-term wealth you’re looking for, but also pocket you some decent cash flow, so you have more passive income to grow your portfolio faster.

We’ve got nine expert-chosen markets lined up, and there’s probably more than one with precisely what you’re looking for!

These are NOT teeny tiny markets with $50,000 home prices in some town you’ve never heard of. These are real cities, with serious growth potential and millions (if not billions) of dollars being poured into them by local governments. Cities where jobs are growing, populations are rising, and rental demand is strong.

If you don’t know where to buy your first or next property, this is the episode to help you whittle down your list. By the time you’re done listening to this, you’ll have at least a few hot real estate markets to start analyzing!

In This Episode We Cover

The nine best (affordable) real estate markets that we would personally invest in

A booming group of “satellite” cities that are already growing very fast

The fastest-growing affordable city with a new $3B (yes, billion) investment

The Northeast’s sweet spot city with high rents and median home prices

One Midwest city investors LOVE to buy in…but is it still worth it?

And So Much More!

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Honest Advice to Someone Who Wants Financial Freedom

Wed, 03 Sep 2025 11:00:00 -0000

Financial freedom—no boss bugging you, bills taken care of, vacations easily paid for, and time to do whatever you want. This is the goal of every real estate investor, and the goal Dave and Henry had when they bought their first rental properties. But now, they’re financially free, with real estate portfolios that can pay for their lifestyles and seven-figure net worths. Is financial freedom what they thought it would be?

No.

Dave and Henry could quit. They could vacation for much of the year. They could drive Ferraris. But…they don’t. They both continue to work and invest, even while being financially independent. But why? Today, we’re talking about why financial freedom is much different than you think, why Dave and Henry decided NOT to live off of their cash flow, and what actual financial freedom looks like (it’s not endless beach days).

You want financial freedom, but what if the reality of financial freedom is even better than you thought? Today, we’re showing you how to get there, how to change your financial freedom goals as you grow, and why getting to financial freedom slower will make you even happier.

In This Episode We Cover

Paying off properties vs. buying more: which gets you financial freedom faster?

The “levels” of financial freedom, and which one you’re at right now

Financial freedom vs. financial flexibility: the real goal for real estate investors

Why spending your rentals' cash flow delays your financial freedom

Why you should have some lifestyle creep and upgrade your standards as your wealth grows

And So Much More!

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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Do You Need an LLC for Rental Property Investing?

Mon, 01 Sep 2025 11:00:00 -0000

This episode could save you tens of thousands, if not millions, in the long run. We get the same questions all the time: Do I need an LLC for rental property investing? Should I start an LLC before buying my first rental? Where is the best state for a real estate LLC? We’re not lawyers, so we can’t advise on this, but we do know someone who can—Brian T. Bradley, nationally renowned asset protection lawyer.

Brian has heard all the “legal advice” from social media—an LLC makes you anonymous, an LLC helps you pay no taxes, and an LLC will completely hide your assets. If you’d prefer to 1. Keep your assets yours and 2. Not spend years in federal prison, this is the episode to watch. Just following any of the above (extremely incorrect) advice could not only risk your rentals, but also put you behind bars.

In today’s episode, Brian shares a masterclass on asset protection, from which legal entities you need (LLCs, trusts, partnerships), to the biggest myth about where to start an LLC, how much it costs to keep your asset protection strong, and whether you really should buy your first rental without an LLC. Don’t know what an LLC even is? You better, and after this episode, you’ll be a pro!

In This Episode We Cover

LLCs explained (limited liability companies) and how they protect your assets

The biggest myth about LLCs that will cost many investors in the long run

When to upgrade from an LLC to an asset protection trust (you may already be there)

How much an LLC costs to create, keep active, and where to start yours

Offshore trusts that are virtually untouchable by US courts

Own rentals? Do this right now, before you get sued

And So Much More!

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This Is the Best Rental Property to Buy in 2025

Fri, 29 Aug 2025 11:00:00 -0000

You want to invest in real estate, but don’t know which property to buy. We’re about to make it much easier. These are the two best investment properties to buy in 2025, whether you’re a beginner with little to no real estate investing experience or a veteran investor ready for something with a bit more meat on the bone. We’ll share exactly how much they cost, where to find them, and how much they could make.

Let’s start with the beginners/part-time real estate investors. If you’ve got limited time in the day to dedicate to real estate, we’ve got the property for you. Dave is investing in these types of properties right now, even with his packed schedule and full-time job. These rental properties give you long-term returns with the added upside of tens, if not hundreds, of thousands in equity growth.

Next, for those who are a bit more dedicated, Henry will share the investment property “formula” you can rinse and repeat to build your real estate wealth. This works even better in today’s buyer's market and, when done right, can replace a six-figure salary, if you’re willing to put in the work. These are the investment properties working in today’s market!

In This Episode We Cover

The “slow” BRRRR method that makes you equity rich without the stress of a quick renovation

How much money you’ll need to invest in either of these solid real estate deals

Where to find properties like this (cheaper than the average home price!)

How to replace a six-figure salary with Henry’s house flipping “formula”

Funding a home renovation when you don’t have the cash (best options)

And So Much More!

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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How to Make Any Rental Property Cash Flow (Before You Buy)

Wed, 27 Aug 2025 11:00:00 -0000

We’re going to show you how to make any rental property cash flow as soon as you buy it. Want to know how to analyze a rental property like a pro? This is how. Expert investors don’t just crunch the numbers once and submit an offer or reject it—that’s an easy way to miss out on the best real estate deals. Instead, we’re showing you how we tweak specific numbers in your offer to make the deal as profitable as possible, while giving the seller many ways to say “yes.”

Today, our friend and fellow investor, Ashley Kehr from the Real Estate Rookie podcast, brought us a real deal she’s debating on buying. Here are the quick numbers: it’s a triplex (three units) being sold by a tired landlord. The price seems reasonable, but the expenses may be too high. We use the BiggerPockets Rental Property Calculator to run the numbers and see if it cash flows, then tweak the offer in multiple different ways to boost the returns substantially.

Now, Ashley is taking these offers to the seller. Yes, offers—plural—to see which one they’ll choose. Either way, Ashley is in a position to make more money from this rental than before, and all she had to do was get a little creative. Today, we’re showing you, too, how to make any real estate deal cash flow.

In This Episode We Cover

How to analyze a rental property from start to finish (and calculate an offer)

Seller financing vs. bank loans: how to give the seller the choice so you both benefit

Estimating rents and how to ensure that your units will bring in enough revenue

The numbers you can “manipulate” to make your rental cash flow more

The three final offers Ashley will be giving this seller, and why you should not submit just one

And So Much More!

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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The New (Better) BRRRR Method: Less Risk, More Cash Flow

Mon, 25 Aug 2025 20:56:00 -0000

The BRRRR method (buy, rehab, rent, refinance, repeat) was, for a few years at least, the real estate investor’s golden ticket to a million-dollar portfolio. It allowed investors to buy properties, fix them up fast, get their down payment money back, and recycle it. This created an “infinite” investing loop where someone with one down payment could turn it into five (or more) separate houses. But with high mortgage rates, the BRRRR method was thought to be over by many…until now.

We’re introducing a new BRRRR strategy. It’s safer, with less risk (and stress), makes you more cash flow than before, and keeps your leverage lower so you don’t go underwater in a housing correction. Does it work? Dave and Henry are both using this new BRRRR method right now—and doing quite well, we might add.

You (yes, you listening to this) can also use this new BRRRR method to buy houses, increase their value, get higher cash flow than regular rentals, and then recycle the money you put into the property to use toward your next investment. You can invest faster, but with lower risk than before, and scale your real estate portfolio the right way, so if interest rates rise, it might not even matter for your bottom line!

In This Episode We Cover

The new 2025 BRRRR method that’s safer, smarter, and produces more cash flow

One big problem with the “perfect BRRRR” and why you should (probably) stop chasing it

You don’t need to refinance: why a HELOC (home equity line of credit) may be better

Expert tips for doing your first BRRRR in 2025 with the least risk and the highest reward

The right amount of money to leave in your BRRRR property (how much equity to pull out after the renovation)

And So Much More!

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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How to Invest in Real Estate on a Middle-Class Salary ($70K or Less)

Fri, 22 Aug 2025 11:00:00 -0000

Do you make a middle-class income ($70,000 or less) per year and want to invest in real estate? This is how you do it.

You don’t need a six-figure salary to buy your first rental property and start building generational wealth and early retirement. Dave is a testament to this, buying his first rental with barely any money, zero experience, and working as a waiter. If you’ve got a stable salary and some savings, you’re already leagues ahead of him. Today, we’re showing you how to put that money to work.

We used median income and savings data to create a complete middle-class investor plan to get you on the fastest (and safest) path to financial freedom. We’ll walk through three investing strategies anyone in the middle class can use to buy their first rental, define how much money you’ll need saved, what to do if you don’t have enough in the bank, and how to repeat the system to finally retire early with real estate.

Stop waiting, start wealth-building. This is how to escape the “middle-class trap” and move up the rungs to financial freedom even if you’re starting with a $70,000/year salary!

In This Episode We Cover:

The three best real estate investments for a middle-class income earner

The “middle-class trap” that most Americans are stuck in (how to escape)

Pro tip: How to get more money for your first deal if you don’t have enough

How to retire in just a decade with rental property investing (even starting from scratch)

The one high-profit, low-money-down, tax-free strategy Dave is using right now!

And So Much More!

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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The Best Real Estate Loans You DON’T Know About

Wed, 20 Aug 2025 11:00:00 -0000

These investment property loans can get you a 4% interest rate, a lower monthly payment, or require very little cash at closing. They’re still available in 2025, but most real estate investors are unaware of them. We’ve used these exact strategies on our rental properties in the past, and with rates trending lower, this could be an even better time to take advantage. We’re giving you the full details in this 2025 rental property financing guide!

Low credit score or high debt-to-income? You can still invest, but you’ll need to do it wisely. Jeff Welgan is here to help. Jeff is one of our trusted investor-friendly lenders, meaning he’s used to working with rental property investors, not your standard homebuyer who buys a house every thirty years. Jeff is on the inside of the mortgage industry, meaning he knows loans that beginner investors rarely ever hear about.

Today, we’re talking about the real estate loans you wish you knew about, mortgage rate predictions and how low interest rates could go by the end of 2025 (Dave and Jeff even place a bet on it), the best beginner loans with little money down, and a sneaky way to snag a 4% interest rate while waiting for rates to get lower.

See Jeff and Dave live at BPCON2025!

In This Episode We Cover

A lower monthly mortgage option most investors have no clue about

The one rental property type that investors can get a 4% interest rate on

Low credit score? Here’s how to get a mortgage even if you’re in the 500s

How much money to put down on your first or next rental (and what it does to your rate)

Best beginner real estate investing loans (and how to get 100% financing)

Interest rate predictions and where Dave and Jeff think rates will be heading

And So Much More!

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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Home Prices Could Stagnate for Years

Mon, 18 Aug 2025 11:00:00 -0000

We may be entering a rare period where home prices stagnate for years. It’s been a long time since we’ve seen real estate prices not appreciate year-over-year, but this reality is becoming increasingly likely every day. With low affordability, high mortgage rates, rising supply, and steady demand, the tables are starting to turn for one of the hottest asset classes of the past decade (real estate). The question is, should you buy fully knowing prices won’t rise anytime soon?

J Scott has been investing in real estate for decades. He’s been through the booms and the busts and has maintained a very even demeanor, even in the best and worst of times. So, we brought on a real estate veteran to answer a simple question: Is real estate still worth investing in with stagnant prices, and if so, how do you make appreciation when the market won’t give it to you?

J shares why home prices will likely stay flat or even dip for years to come, the strategies you can still use to raise your property values by sizable margins, two types of financing that work best for times like these (and benefit the investor), and when real estate could bounce back. Scared to invest when you don’t know where prices are going? Listen to J’s advice!

In This Episode We Cover

Real estate price predictions and how long we could go with a sideways market

The two things that control home prices and the direction they’re going in

Could real estate prices crash in the near future?

How to use inflation to your advantage and get more from the banks

Two creative ways to finance your next rental that work best in price-stagnant markets

One real estate niche that could be bottoming out with significant price discounts

And So Much More!

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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August 2025 Housing Market Update: Rates Fall, Price Corrections Spread

Fri, 15 Aug 2025 11:00:00 -0000

Mortgage rates just hit their lowest point in 2025. The housing market correction spreads to nearly 50% of the country. Sellers are giving up as new listings begin to retreat. Is this just a normal correction or the signs of a housing market crash? Should you take the chance and buy now with lower rates and desperate sellers, or could this just be the start of a downward spiral? We’re giving the data on it all in this August 2025 housing market update!

Interest rates got some serious relief at the start of the month. We’re now around 0.5% lower than we were at the beginning of the year, bringing some much-needed affordability to the housing market. The cause? New and revised jobs reports are getting investors worried about the economy, and increasing our likelihood of a recession coming our way. But with less labor stability, will homeowners be forced to sell? And will we see foreclosures begin to rise?

Sellers are starting to realize what we all already know: it’s a buyer’s market. Would you sell your home when buyers have all the leverage? Probably not. And most sellers are feeling the same, choosing to hold onto their houses instead of putting them on the market. What’s the chance this locks up inventory yet again? Is this the tipping point for the housing market and a perfect window to buy? Dave’s giving his take today.

In This Episode We Cover

Mortgage rate updates: why they’re falling and whether this downward trend will continue

Why we could be entering a nationwide housing correction as price declines deepen

Foreclosure and delinquency updates: will homeowners be forced to sell soon?

The growing buyer’s market and why would-be sellers have decided to wait it out

Is now the perfect time to invest with low rates and high buyer power?

And So Much More

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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How to Find Profitable Rentals in 2025 (Lazy + Expert Methods)

Wed, 13 Aug 2025 11:00:00 -0000

If you know how to find investment properties the right way, your path to real estate wealth gets a lot shorter. Today, we’re giving you two methods anyone can try—one from an expert on finding great deals with incredible financing options, and another, more “lazy” method that even beginner investors can take advantage of. You won’t just find real estate deals faster, you’ll get the best deals in the market, while investors who don’t listen to this podcast doomscroll on listing websites, praying they’ll find a diamond in the rough.

We’re back, answering your BiggerPockets Forum questions on today’s episode, and the first one is crucial—how to find profitable rental properties. Next, an investor wants to buy a duplex with tenants in place. The problem? They’re paying way below market rents. Is there a way to keep good tenants around while raising rent prices? Yes—we’ll show you how!

When should you keep, sell, or reinvest in a rental? Run this quick calculation to figure out which properties need to be let go, which need to be upgraded, and which you should let ride. Finally, got $400,000 in cash? We’re sharing exactly what we’d do to turn that amount of money into consistent passive income.

In This Episode We Cover

How to find investment properties even if your local market seems low on supply

The “lazy” way to get real estate deals sent directly to you (Dave’s method!)

How to raise rents the right way and keep inherited tenants happy and paying

When to reinvest in your rental to make more cash flow (or sell it and use the money elsewhere)

How we’d spend $400,000 if we wanted 100% passive retirement income

And So Much More!

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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Financial freedom through real estate, without the hype

Tue, 12 Aug 2025 11:00:00 -0000

Hosted by Dave Meyer, the BiggerPockets Real Estate Podcast is your trusted source for strategy, education, and motivation tailored to the everyday real estate investor. Whether you're just starting out or working on your next deal, you’ll get practical advice and data-backed insights to help you invest smarter and more confidently. No hype. No grindset. Just clear strategy, honest insights, and proven tactics from experienced investors and relatable guests.

Every week, we bring you:

Actionable how-tos
Real-world case studies
In-depth interviews with everyday investors
Honest discussions about risk, strategy, and long-term thinking

If you're looking to build wealth on your own terms, and want a community that supports realistic goals, you’re in the right place.

Subscribe and start your journey today.

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These “Small” Rentals Boast BIG Cash Flow (Even at 7% Rates)

Mon, 11 Aug 2025 11:00:00 -0000

Think today’s mortgage rates are stopping you from getting rich with rental properties? Think again. Today’s guest built an 11-unit rental portfolio—starting in 2022, with high interest rates—and is cash flowing on each property. In fact, he’s making more cash flow than most investors we know, even with still sky-high rates. How’s he doing it with such little money down? No creative finance, no expert skills—Justin Albrecht is just following a simple, repeatable rental formula.

After moving back in with his mom, Justin was getting the itch to find his own place. The problem? This was 2022, where single-family homes for sale were rife with bidding wars. What about small multifamily properties, like a duplex, triplex, or quadplex? That seemed to be the sweet spot. With zero experience in property management or landlording, Justin took the plunge.

Fast forward three years, Justin now owns four properties totaling 11 rental units, and just quit his W2 job to focus his full-time efforts on his rentals. He did it all without putting a ton of money down and dealing with 7% interest rates on most of his properties. Still, he’s making sizable cash flow, impressive return on equity numbers, and living for free. Today, he’s breaking down his blueprint.

In This Episode We Cover

The small multifamily rentals that average investors can use to build massive wealth

How to unlock monthly cash flow even with interest rates at 7% (or higher!)

Getting into your first real estate deal with just 3.5% down

Does the 1% rule still exist in the 2020s? Yes! Here’s how Justin is finding these deals

“Turnkey” rentals that are move-in ready but still produce serious cash flow

And So Much More!

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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How to Make $5,000/Month with Rentals (Starting from Zero)

Fri, 08 Aug 2025 11:00:00 -0000

This is how to make $5,000 per month in passive income from rental properties on an average salary, starting with little money. You don’t need to have any real estate investing experience to follow this blueprint, but if you’ve already started investing, you could (and probably will) get there faster. How much money do you need? How long will it take? Which properties should you invest in? We’re sharing the complete blueprint in this episode.

Financial freedom is the goal for almost every real estate investor; the way you get there is by having consistent cash flow that can pay for your life. Would $5,000 per month ($60,000 per year) in passive income make your financial freedom possible? If you’re like most Americans, there’s a good chance it would.

Dave is walking through how to get there in less time than you’d think, so you can retire decades earlier and live life free from the pull of a paycheck. Want more than $5,000 per month? You can use this same blueprint and math to get to $10,000, $15,000, or $20,000 per month through real estate investing.

In This Episode We Cover

How to make $5,000 per month with rental properties (and retire much sooner)

The simple calculation that will tell you how much money you’ll need to invest

Why you should not focus on cash flow first if you want to reach financial independence

The types of investments that will multiply your money faster

How to switch from more active to passive investments so you can “harvest” your cash flow

And So Much More!

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How I Get Lower Offer Prices Accepted in 2025

Wed, 06 Aug 2025 11:00:00 -0000

Sellers are already accepting lower offer prices. The data is clear—the buyer’s market is back. So, how do you ensure you’re getting the best price for you, without making a seller feel like they’re getting taken advantage of? This episode is all about how we negotiate the best real estate deals in 2025, using methods that everyday homebuyers are unaware of, and most investors never try. This is how to do real estate negotiation the right way.

Listen: you don’t need to be the highest offer to win the house. We’re showing you other “levers” you can pull besides the offer price that give the seller confidence in you as a buyer and get you under contract quicker. What if you’re doing off-market deals? You know, sending mailers, talking to sellers, walking homes. Henry breaks down the three offers he gives every seller (yes, three), and why this strategy is a winner.

Rather have a low interest rate than a slightly lower price? There’s one subset of sellers that’s basically begging buyers to take houses off their hands. The best part? They’ll actually pay to get you a lower mortgage rate. Don’t worry, we’re sharing all our expert tricks to get you the best price/rate/terms on your next investment property.

Learn expert negotiation tips from former FBI hostage negotiator Chris Voss at BPCon2025!

In This Episode We Cover

The “pre-negotiation plan” that leads to you making a much better offer

Negotiating for a lower interest rate and the sellers who will pay for it

Data proving that sellers are ready to accept lower offer prices

How to “build trust” with sellers before you make a lowball offer

The three options you should give every off-market seller (don’t give just one)

Other “levers” you can pull to make a great offer without raising your price

And So Much More!

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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Making $30,000/Month (Per Property) with Assisted Living Rentals

Mon, 04 Aug 2025 11:00:00 -0000

This investor generates $30,000 per month in rental income from a single property. It’s not a short-term rental, or a beachside Airbnb, or anything even close to that. Within a couple of years of starting to scale, James Davis has a rental portfolio on track to gross $1,000,000 per year in rents, from just six properties. The best part? He’s not even doing it for the money. His investments are making lives better while securing him financial freedom.

You may have heard of assisted living before, but probably not like this. While many assisted living facilities focus on older adults, James owns small assisted living properties that cater to individuals with disabilities. After taking on two traditional real estate deals, James’s brother, who worked in disability services, thought they could be treating residents better. So, they converted one of James’s properties into a compliant assisted living facility. They got their first monthly tenant—the rent: $15,000 per month for one bedroom.

Sounds steep, right? James walks through the entire expenses and profit margins to prove that the caregiving business may be worthwhile, even just for the emotional benefits. Now, he has six properties and has already pulled in $500,000 just halfway through the year. Follow the same steps James shares in this episode, and your portfolio could grow just as fast.

In This Episode We Cover

How James went from making $16/hour to bringing in $1,000,000/year in rents

How much assisted living investment properties make (cash flow!)

Locking down a 3.5% interest rate using the creative “subject to” strategy

The process of becoming legally compliant for running an assisted living property

Why James still buys long-term rentals instead of more assisted living properties

And So Much More!

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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Late Starter’s Guide to Real Estate (Start in Your 40s!)

Fri, 01 Aug 2025 11:00:00 -0000

Is it too late to invest in real estate if you’re in your 30s, 40s, or 50s? No!

Today, we’re giving you the exact blueprint to retire in 10-15 years, even if you’re starting in your 50s with a median income and average savings. Got a small sum stashed for retirement and looking to real estate for relief? If you follow this strategy, you too could have retirement with plentiful passive income not too far in the future. We did the math—it’s totally doable.

Tired of seeing 23-year-olds flaunt 50-unit portfolios on social media? You DON’T need to be in your 20s, have a high income, or get a large inheritance to retire early with real estate. The average American can still do it in just over a decade.

Dave is giving you steps to take today to start on that journey, and he shares his fully mapped-out strategy for achieving early retirement in 10 to 15 years, regardless of your current age. Plus, how to “audit” your resources so you know the best strategy for you to take to reach your (early) retirement goals on time!

In This Episode We Cover

How to start investing in real estate in your 30s, 40s, or 50s

“Auditing” your time, money, and skills to find the best strategy for investing

The math that proves you can retire with real estate in just 10-15 years

Dave’s exact blueprint for a 40-year-old who wants to retire by their mid-50s

What to do if you don’t have much money saved for investing (you can still invest)

And So Much More!

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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The Stages of Real Estate Investing (Where Do You Stand?)

Wed, 30 Jul 2025 11:00:00 -0000

Within 10 years, today’s guest went from zero experience in real estate investing to millionaire through investment properties. Now, she’s reverse-engineering her path, showing you how to do it faster, even if you’re just getting started on your first deal. Almost every (successful) real estate investor goes through a few crucial “stages.” Today, we’re breaking them down so YOU know where you stand.

First: Do you know how a mortgage works? If so, you’re already further ahead than Leka Devatha was a decade ago. She was not only an immigrant to the United States, but also had extremely basic financial knowledge, far from what a “real estate investor” should possess. However, even starting from zero, Leka was able to scale not only quickly but efficiently. A decade later, she’s one of the leading voices in real estate investing, with a financially freeing rental portfolio and fun projects that make her massive six-figure profits.

We’ll detail the different investing stages, from complete real estate rookie to expert investor, plus show you how to get the funding for your first or next deal, how to buy back your time, and make more money while having fewer properties (it’s very possible).

Unlock the hidden potential in every property with Leka’s guide to maximizing your real estate portfolio, Return on Real Estate!

In This Episode We Cover

The different “stages” every real estate investor goes through (and how to scale faster)

The easiest, FREE way to start real estate investing (Leka did this!)

Why you must (must!) buy an “easy” property for your first real estate deal

How to start scaling to multiple rentals, flips, and deals each year

Raising money from your network so you can grow even faster (and make others money!)

Buying back your time so you can actually enjoy your financial freedom

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1154

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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Retiring 15 Years Early by Buying Rentals on Repeat (HELOCs!)

Mon, 28 Jul 2025 11:00:00 -0000

What if you could shave 15 years off your working career? Whether you love your job or hate it, having the option to retire early on a schedule you choose is something we are all working toward. Thankfully, you don’t need 100 properties to do it. Today’s guest did it with 15, slowly building a rental property portfolio and recycling his home equity so he could scale faster and reach financial freedom sooner.

Tony DeGiacomo lived with his parents for years while buying rentals. Every single dollar he made was designated for a new rental property. He knew his goal: long-term wealth through real estate, even if it took some time. Some twenty years later, he’s got 15 properties, 30 or so units, and could comfortably live off the cash flow of his first property purchases. How’d he scale his respectable portfolio? Using HELOCs (home equity lines of credit) to turn one rental into multiple.

Today, he talks about the even bigger deals he’s doing, how to make money before, during, and after a crash, and the reason he’s switched from buying to building properties for better returns. Tony can comfortably retire at 50, but will he when he’s having so much fun with real estate? No matter what he chooses, you can follow his “formula” to retire over a decade earlier.

In This Episode We Cover

How to retire 15 years earlier with a small (but scalable) rental portfolio

How to use HELOCs (home equity lines of credit) to invest in rentals faster

Why it’s crucial to have active income to buy real estate (DON’T quit your day job!)

Building and converting commercial properties into rentals

Why real estate is the best “get rich slow” scheme for regular people

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1153

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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3% Interest Rates in 2025? This “Hack” Unlocks It

Fri, 25 Jul 2025 11:00:00 -0000

Want a 3% interest rate? What about a lower purchase price? Maybe hundreds of thousands of dollars in tax-free income? These real estate “hacks” unlock all of these benefits—and they work especially well in 2025. We’re entering a new type of housing market: sellers have lost much of their control, inventory is high, affordable areas are seeing stronger demand, and real estate investors need to pivot ASAP.

So, how do you take advantage of today’s real estate market? Dave has five hacks he’s currently using to find real estate deals at better prices (and substantially lower interest rates) in 2025. You can use them to land better buys, too.

Our hacks include how to “steal” a 3% mortgage rate even in 2025, the “rental property” that isn’t really a rental (but has way better upsides), how to perform renovations with less stress and more flexibility, a location hack that will get you a lower price while still having big-city demand and more!

In This Episode We Cover

How to get a 3% interest rate even in 2025, even if you’ve been quoted much higher

The markets that have serious demand but much more affordable home prices

Why a traditional rental might not be your best bet in 2025

The “delayed BRRRR” strategy that makes you more with less renovation stress

How to “benchmark” rentals in your area so you know you’re getting a great deal

And So Much More

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1152

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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How to Start Investing in Real Estate (From Scratch!) in 2025

Wed, 23 Jul 2025 11:00:00 -0000

This is how to start investing in real estate in 2025 from scratch, even if you don’t have any experience. You could be a brand-new investor or someone returning after years since your last purchase. One thing is clear: 2025 has changed the housing market. We are not in the same scenario as we were in 2020, 2022, or even 2024. Investors have more negotiating power now, and if you’ve decided to get in the game, now is the time to pick up deals.

So, if we were starting from scratch in real estate investing, what would we do? Which strategies make the most sense for beginners? How do you find undervalued real estate deals and negotiate with sellers? Plus, should you even be buying now, or should you be waiting for greater price movement?

If you want to invest in real estate in 2025, this is the exact place to start. We’ll walk through each step a beginner needs to take, from picking a strategy to finding an agent and lender, how to lock in a lower purchase price on your first investment property, and some deal-finding “hacks” even the most advanced investors rarely know about.

In This Episode We Cover

How to start investing in real estate in 2025, even if you have no experience

Who should you talk to first: the agent, the lender, or somebody else entirely?

The best strategies (with the LEAST risk) for beginner real estate investors

How to find undervalued real estate deals in this new buyer’s market

The single easiest investment strategy for any American to get started

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1151

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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I Traded My Rentals for “Passive” Real Estate (Worth It?)

Mon, 21 Jul 2025 11:00:00 -0000

Want passive income? We mean truly passive—no tenant phone calls, no toilets, no evictions—just checks sent to your account. This is the dream of every real estate investor, and today’s guest, Chris Lopez, actually achieved it. He did what we preach on every single episode—bought single-family rentals and small multifamily buildings and ran them right—but at some point, he realized the cash flow was too low, and the headaches were too high. So he switched, finding a type of real estate that is truly passive.

At one point, Chris’s rental property portfolio was only making him a meager $20 per hour. Doesn’t sound like financial freedom, does it? He dipped his toe into passive investing, invested a little more, then a little more. Now, he’s heavily on the passive side.

Chris is on today to show you how to do the same. Got a lot of equity but low cash flow? Turn that rental into bigger, better, and more passive income. Tired of dealing with tenants but still want financial freedom? You can exchange your rentals for a passive income stream. We’re talking about debt funds, value-add syndications, and other passive investments that enable investors to earn more while doing less.

Join Chris’s 5-week cohort to learn how to transition from active landlord to passive investor (while multiplying your cash flow).

In This Episode We Cover

Real estate investments that make double-digit returns (without the work)

The one (easy) calculation every investor must perform annually

How to vet a passive investment (and the person running it) before you invest

Significant economic risks to be aware of before you start passive investing

Keep, refinance, or sell? How to know your rental is past its useful period

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1150

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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July 2025 Housing Market Update: A New "Correction" Begins

Fri, 18 Jul 2025 11:00:00 -0000

The real estate correction is here, but is a crash coming next? New data suggests sellers are getting increasingly frustrated as their houses sit—and they’ve finally had enough. Buyers are ready to pounce on lower-priced homes, but can they actually afford them? If you’re investing in real estate, is now the best time in a long time to fight for a price cut or seller concession? We’re back with our monthly housing market update, sharing our supply, demand, and home price predictions.

Inventory is growing—fast. We’re up double-digit percentage points year-over-year. But buyers are starting to catch on, getting back into the market. So, if we’ve got supply and demand, why are home prices falling—and could they fall even more? With so many homes on the market, are we on a crash course? What’s stopping us from seeing double-digit home price declines in the most oversupplied markets?

We’re halfway through 2025, with a much better outlook on what’s to come. Dave is giving a full update in today’s episode on home prices, new listings, buyer demand, and the likelihood that this correction goes even deeper, becoming a full-fledged housing market crash.

In This Episode We Cover

Why sellers are quitting the housing market even as buyer demand grows

The key metric that proves you can get price cuts in 2025 (start negotiating!)

The worrying trend for home prices that could foreshadow even more declines

One sector of real estate that is seeing massive distress (and foreclosure problems)

Markets with the best and worst home price trends (markets to target?)

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1149

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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You Could Have More Equity Than You Think! (How to Use It)

Wed, 16 Jul 2025 11:00:00 -0000

It’s the situation every real estate investor wants to be in: your house just appraised for more than you expected. Now, you’ve got some home equity added to your net worth, but how do you use it? Should you keep it in the property and maintain low leverage, or use home equity to scale your real estate portfolio more quickly? We’re answering common real estate questions like this one and a lot more in today’s show!

James Dainard joins the show as our veteran real estate investor, owning hundreds of rental units, flipping thousands of houses, and lending millions of dollars. He started as a rookie during the Great Financial Crisis, and today, he’s sharing his hard-earned lessons so you don’t have to make the same mistakes. We’re touching on:

What to do with your home equity when your house appraises high

How to estimate rehab costs on a renovation or house flip

Becoming a private money lender (serious passive income!)

Interior design 101, even if you have zero experience in home renovations

Whether we should finally kill the 1% rule in real estate (maybe it’s time)

Got an investing question? Ask yours on the BiggerPockets Forums!

In This Episode We Cover

How to use home equity to invest (and whether you should with 7% mortgage rates)

Estimating renovation costs on your next rehab or house flip (for free!)

Interior design on a budget and how to build a “spec list” of what your house flip needs

Private money lending for beginners and how to (passively) make serious cash flow

The 1% rule explained and why it isn’t so safe in 2025

And So Much More!

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Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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Financial Freedom with Rentals After 3 Years of Pure Hustle

Mon, 14 Jul 2025 11:00:00 -0000

After hearing this episode, you’ll have no excuse not to reach financial freedom in under a decade. Today’s guest did it in even less time, scaling up to income-replacing cash flow in just a matter of years, even with a very demanding full-time job and constantly moving around the country. Through pure hustle, Taylor Wing is now financially independent in his late twenties with a sizable rental property portfolio that spits out cash flow to pay for his South Florida lifestyle. He’s got so many tricks to reach financial freedom faster, but his best piece of advice? The number of rentals you own doesn’t matter.

Taylor was a full-time military member, serving in the Army for the first five years of his career, bouncing between North Carolina, South Dakota, and beyond. Wherever he was stationed, he began buying houses as soon as possible. That meant Taylor spent almost every hour of the day working, either at his job or on his rental property portfolio, for years straight. Was it a grind? Yes. Was it worth it? 100%.

Now, fast forward seven years after graduating from West Point, and his family is financially free. He has his beautiful house on the water in Florida and is spending more time with his new (and growing!) family. Through “rebalancing” his rental portfolio, strategically using “reverse 1031 exchanges,” and other savvy strategies, Taylor is now in complete control of his time. He’s teaching you how to do the same today!

In This Episode We Cover

Why “unit count” doesn’t matter for financial freedom, but cash flow does

Buying rentals in multiple markets and how to maximize your profit with medium-term rentals

Why every real estate investor MUST review and “rebalance” their rental portfolio (or it’ll cost them)

How to do a “reverse 1031 exchange” and move your headache rentals into better cash-flowing real estate

The $140,000 properties Taylor is buying today that make $300-$400/month cash flow!

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1147

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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The “Golden Age” of Real Estate is Over.

Fri, 11 Jul 2025 11:00:00 -0000

The golden age of real estate investing is over, and there’s a good chance it isn’t coming back (for a while, at least). We have to admit it—real estate deals aren’t nearly as good as they were in the 2010s. But here’s the thing…we’re still buying real estate. Even with low affordability, high interest rates, and still high home prices, real estate still makes much more sense as an investment than your other options. We can prove it, and we’re doing it in today’s episode.

You know your crypto-buying uncle who’s always predicting a housing crash? Send him this episode. Dave presents the proof, backed by decades of data, showing that real estate remains one of the best risk-adjusted returns of any investment you can buy today.

And with sellers significantly outnumbering buyers and home prices starting to correct, this could be one of the best times to buy before demand boomerangs back and supply dwindles. Dave is buying right now, after reviewing all the data. So, if the numbers make sense for him, what’s holding you back?

In This Episode We Cover

Who cares about 2010s home prices? Why you should be buying NOW

Historical home price growth and why higher home price appreciation is likely

Real estate vs. crypto vs. stocks vs. gold vs. businesses in 2025

Dave’s investing game plan for 2025 and the requirements a rental property must hit

How to buy better real estate deals as sellers get even more desperate

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1146

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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2025 Long-Distance Investing Blueprint (Listen Before Buying)

Wed, 09 Jul 2025 11:00:00 -0000

Can’t make the numbers work in your local market? No worries—long-distance real estate investing is the natural next step. We’ve done it before, many times, and made the beginner mistakes, so you don’t have to. Now, we’re gearing up to do it again. Dave and Henry are heading out on the “Cash Flow Road Show,” touring top Midwest markets, and maybe even making offers along the way.

These trips are crucial for finding deals and getting to know an area. We’re sharing the exact blueprint to follow before you make a long-distance investment. Who should you meet? How do you know a neighborhood is safe? What are the exact questions you should ask an agent?

We’re providing you with the complete list so your next long-distance or out-of-state investment is a success. Seriously, we’re giving you an actual list of things expert investors do before buying in any area. Don’t just show up and start touring houses—make your trip out to a new market worth the effort. Follow these exact steps before long-distance investing!

In This Episode We Cover

The two real estate professionals you must talk to when looking at new markets (it’s not just the agent)

The exact questions experts ask real estate agents about their market

Why you should look for smaller markets surrounding big cities (better prices and cash flow?)

Not sure if a neighborhood is safe? Try this one thing every time

The best time to take a trip out to a potential investing market

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1145

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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Replacing His Income with Rentals (in 3 Years!) by “Recycling” Money

Mon, 07 Jul 2025 11:00:00 -0000

In just three years, this investor scaled up to making over $100,000 per year thanks to real estate. He did it all starting in 2022 when interest rates were beginning to rise, the market was turning, and many investors decided to sit on their hands. Thanks to a strategy that allowed him to “recycle” his money, he went from one down payment to 16 rental units in record time. How’d he do it?

Only in his 20s, Ricardo Adames already knew he wanted out of his career. Working harder wasn’t paying him dividends, so he knew he needed an extra income source. Even after taking a “risk” on his first deal, he was able to walk away with a perfect rental property that only cost him (after all was said and done) $5,000. How’s that possible? Simple—the BRRRR method.

In this episode, Ricardo details this cash-recycling method investors can use TODAY to build a six-figure-producing real estate portfolio, even if you have little experience. Plus, Ricardo shares his exact “buy box”—the properties he’s targeting for more home-run real estate deals in 2025!

In This Episode We Cover

How to “recycle” your down payment money and scale way faster with the BRRRR method

Why buying below-market-value is the ultimate risk-mitigator in 2025

How Ricardo went from zero experience to doing eight real estate deals at once just three years later

Why high interest rates aren’t stopping you from investing in real estate

Making money even in a down market (Florida!) that most won’t invest in

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1144

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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How to Buy Real Estate Without Banks (Private Money Lending)

Fri, 04 Jul 2025 11:00:00 -0000

Can’t (or don’t want to) get a bank loan? We have another option for funding your real estate investments: private money lending! If your DTI (debt-to-income) is too high, you’ve maxed out how many mortgages you can get, or you need quick cash to finance a renovation, house flip, or BRRRR (buy, rehab, rent, refinance, repeat), private money loans can float you. Today, we’re sharing how to find a private money lender, what interest rates they charge, who these loans are best suited for, and what documents to bring to get approved.

Dave is out on a search to find the perfect pickle for his sandwich, so we brought in a seasoned investor and trusted Real Estate Rookie host, Ashley Kehr. Today, she’s invited her private money lender, James Dainard, to the show to explain how private money works, how much money you’ll need to put down, rates and terms you can expect, and red flags a lender looks for.

But this isn’t just for borrowers. If you’ve got a serious sum of cash and want to lend to investors and pocket the interest payment, James will show you how. Plus, Ashley shares her exact private money lending structure that she worked out with James on a recent deal he lent to her.

No bank loan? No problem—here’s how private money works!

In This Episode We Cover

Private money explained, who should use it, and which investment properties it works best for

Interest rates and mortgage points you’ll pay with private money loans

Ashley’s actual recent private money loan broken down with her lender (James!)

What lenders look for in a borrower and the exact documents you should bring to a lender

Private money vs. real estate partnerships: which works best for which investors?

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1143

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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These Properties Make WAY More Than Rentals ($2,000+ Per Month!)

Wed, 02 Jul 2025 11:00:00 -0000

Don’t buy rental properties? What if there were investment properties that made way more cash flow than rentals (we’re talking $2,000 or more per month)? These unique properties are often cheaper than rentals but command higher income. You don’t need any special skills to run one, and you can own them while working a full-time job, accelerating your track to early retirement. Want to know what they are? We’re giving the exact property types (and profits) in today’s episode.

Tony Robinson, host of the Real Estate Rookie podcast, and Nate Weintraub, head of Calico Content and copywriter for BiggerPockets, both ditched the long-term rental route years ago. The stress, low cash flow, and speed to scale weren’t worth it. Tony went one route, buying short-term rentals and eventually scaling into a money-making boutique hotel. Nate decided he'd had it with toilets, so he bought the ultimate toiletless investment—a self-storage facility.

Today, they’re sharing their profit numbers, rents, and the cost of their investments (which are surprisingly affordable). Plus, how many hours do these take to run? When Tony isn’t hosting our sister podcast, and Nate isn’t doing podcast SEO, how do they handle the day-to-day operations? And finally, can they convince Dave that long-term rentals aren’t superior?

In This Episode We Cover

How much you can make with a boutique hotel or self-storage facility (it’s a lot)

The surprisingly affordable prices of buying these “bigger” real estate deals

Finding hotels, motels, and self-storage facilities for sale in your market

How much time it takes to run a short-term rental or self-storage facility

The risks you must know before trying either of these strategies

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1142

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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$12,000/Month Cash Flow by Cracking the Rental "Formula"

Mon, 30 Jun 2025 11:00:00 -0000

This investor is producing $12,000 per month in cash flow and is well on his way to early retirement before the age of fifty, and he did it all after taking a DECADE off of investing. By cracking the real estate “formula,” Andre Taylor was able to buy larger properties faster. He used his financial independence number to work backward by picking up properties that would truly help him retire early. He’s still buying deals in 2025, and you can retire early, too, if you use his “formula.”

Andre started with just $3,000 in the bank. Not $30,000—$3,000. With a bit of sweat equity, he converted a foreclosure into a cash-flowing rental, generating a solid $300 in profit per month per unit. Then, everything clicked—what if he bought enough rentals to replace his income? After calculating his “freedom number,” he knew how many rentals he needed.

But then Andre…took a break. A long break. A decade of not investing. When he got back, it was time to go all out. In today’s episode, you’ll hear about the buying spree Andre’s been on over the past eight years, how he closed on over thirty rental units (some filled with black mold), and why “buying up the block” is the fastest way to reach financial freedom.

In This Episode We Cover

How many rentals you’ll need to retire early by calculating your “freedom number”

Buying foreclosures and the pros and cons of these cheaper deals

The many ways to finance a rental (mortgages, credit cards, 401(k) loans, etc.)

Why you should start contacting owners of properties next to your current rentals

How to make the passive income jump faster by buying commercial properties (five units or more!)

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1141

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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Investor Who Timed Market (3 Times!) Says Now May Be Bottom

Fri, 27 Jun 2025 11:00:00 -0000

The housing market is already predicted to see price cuts by the end of the year, but is now the time to buy, or should you wait for further price movement? We brought on an investor who has successfully timed the housing market (three times) to give his thoughts on whether we’re at the bottom or we have a long way to go. If you’ve been holding out for lower home prices and less competition, should you take the risk and wait, knowing a rebound could be on the way?

Through a combination of genius and a bit of luck, Brian Burke has sold, bought, and sold at the right times repeatedly. He exited the majority of his real estate portfolio in the early 2020s as prices hit all-time highs and competition was fierce. For the last three and a half years, he hadn’t bought anything, up until very recently. Is this a signal that now is the time to buy?

Today, we’re asking Brian whether 2025 is the right time to buy (and for which assets), how to get in “position” to make a profit as home prices decline, the sellers most likely to give you concessions and further price cuts, and signs YOU should sell your headache rental and trade it for something better. The second half of 2025 could be when the scales tip—are you ready to make a move?

In This Episode We Cover

Buying near the bottom and how to capitalize on the steepest price cuts

What Brian looks for in a rental property during a down market

How to get even deeper discounts (and seller concessions) in 2025

Signs that you should sell your rental and redeploy the profits

How much debt to take on during volatile times in the housing market

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1140

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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Change Your Financial Future with ONE Real Estate Deal

Wed, 25 Jun 2025 11:00:00 -0000

All it takes is one (yes, ONE!) real estate deal to change your life and jumpstart your path to financial freedom. You could stop after just one, but more often than not, that first deal opens the door to even bigger opportunities, allowing you to build wealth, create more passive income streams, and finally reach financial independence. Every successful real estate investor has had that one deal that set off a domino effect, enabling them to build wealth. We’re sharing ours today so you can repeat them!

Joining Dave are Garrett Brown and Matt Faircloth, two investors from different backgrounds, strategies, and parts of the country. But both had real estate deals that propelled them forward toward financial freedom. Dave also had a killer real estate deal (only his second deal ever!) that significantly increased his standard of living.

We’ll share how Garrett made $50,000 (tax-free!) on a repeatable first real estate deal anyone in any area can try. Matt shares how he was able to scale up his portfolio fast when he realized he didn’t need to provide the money for his down payments and renovations. Finally, Dave shares the second deal he ever did that upgraded his life permanently and why he does not “sacrifice” to achieve financial freedom faster.

In This Episode We Cover

The real estate deals that defined our investing careers (and how they propelled us to financial freedom)

The easiest real estate investment for beginners (make $50K+ tax-free!)

Using other people’s money to invest in real estate? Why you don’t need to have the down payment

How to live for free and speed up your timeline to financial independence like Dave

Why you should tell everyone you know that you invest in real estate

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1139

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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Semi-Retired with a Small $6,000/Month Rental Portfolio

Mon, 23 Jun 2025 11:00:00 -0000

This investor used his primary residence to build a $6,000/month rental property portfolio—helping him semi-retire, cut his workload in half, and generate a sizable income stream outside his job. And he did it with affordable, small multifamily rental properties that he still buys in today’s market, all while working a demanding schedule that required his attention 24/7, 40 weeks per year.

Bill Price has worked as a sound engineer for some of the music industry’s biggest names. He’s toured with Justin Bieber, Weezer, and Third Eye Blind (among many more), working intensive hours on global tours. But, in the background, when he was off the road, Bill was building an intentional real estate portfolio to replace his income. Today, less than a decade after buying his first true rental, he’s working just 16 weeks per year instead of 40.

Bill made some mistakes and some BIG bets that paid off. We’re talking terrible tenants, eviction notices, bird cages, dog droppings, and flooded basements. But, through it all, Bill says it was well worth it, as 90% of his rental property investing career has been buying deals and collecting checks. If Bill can manage a rental portfolio while touring in Japan and setting up an impromptu skate park for Justin Bieber, why can’t you?

In This Episode We Cover

How to cut your workload in HALF with a small, cash-flowing rental property portfolio

Turning your primary residence into multiple rental properties so you can scale faster

A big eviction mistake that cost Bill months of time with a bad tenant

Doing a BRRRR (Buy, Rehab, Rent, Refinance, Repeat)? Why you should run your numbers as a flip, too

Why you should tell EVERYONE within your circle that you buy rental properties!

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1138

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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June 2025 Housing Market Update: The Biggest Shift in Decades

Fri, 20 Jun 2025 11:00:00 -0000

June 2025 Housing Market Update: The Biggest Shift in Decades

Podcast Description

The housing market is experiencing its most significant shift in decades. Sellers are returning in full force, outnumbering buyers by a substantial margin. Homes are selling for under-asking, giving investors and first-time homebuyers discounts previously unheard of. Are we on our way to a housing market crash, correction, or a much-needed reset, which would return us to the “normal” housing market many of us have been asking for over the past few years?

We’re breaking it all down—best and worst markets, home prices, mortgage rates, supply and demand, and more—in our June 2025 housing market update!

Mortgage delinquencies are rising—which could spell trouble. Are we heading back to foreclosure territory of the last housing crash? Not quite, but this is good news for buyers. Dave shares his 2025 investing plan so you can follow along, find better deals, and reduce your risk. Plus, will we see interest rates reverse with good inflation data and a worrying jobs report? The Fed could make moves; stick around to hear how they'll affect you!

In This Episode We Cover

A June 2025 housing market update and the ballooning buyer’s market

Home price shifts and how to get a serious discount on your next real estate deal

Whether the Fed will finally lower rates with cooled inflation reports

Why mortgage delinquencies are rising and whether we should worry

The best and worst real estate markets to buy or sell in

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1137

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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The Simple Formula to Estimate Renovation Costs (2025 Numbers)

Wed, 18 Jun 2025 11:00:00 -0000

Your agent just sent you a killer real estate deal with enormous upside, but it needs a bit of work. Here’s exactly how to estimate renovation costs, so you know you’re buying a property with a juicy margin instead of one that will just break even. Whether you’re renovating a rental property, planning to refinance after the rehab with the BRRRR method, or flipping a house for some quick cash, we’ll give you the formula to run your renovation numbers FAST.

We’re back with real estate investor questions from the BiggerPockets Forums. First up: how to estimate rehab costs on a distressed property. And, if the renovation costs are high, is the rehab still worth it? Then, once you’ve got your rental portfolio, when should you hire property management?

Your agent wants you to sign an exclusivity agreement so you only work with them; here’s when we will (and definitely won’t) do it. Finally, we share a way to access home equity WITHOUT refinancing at a higher rate and killing your cash flow.

Got a question? Need answers? Share your real estate investing situation on the BiggerPockets Forums.

In This Episode We Cover

How to estimate rehab costs and the price-per-square-foot guidelines to follow

Accessing home equity without refinancing (a way better option in 2025)

How much money should you make on a flip? Why even $40,000 may be too low

When to hire a property manager and signs that one will actually take care of your tenants/property

Whether or not to sign an exclusivity agreement with your real estate agent

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1136

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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Fast-Tracking Financial Freedom (in Her 30s!) with JUST 5 Rentals

Mon, 16 Jun 2025 11:00:00 -0000

Five rental properties are all you need to change your life. This income alone could cover all your bills, allowing your entire paycheck to go toward investing as you're fast-tracked to financial freedom and early retirement. Even if you’ve got a demanding job with long hours and limited free time, investing in real estate is STILL the right move. Today’s guest was able to utilize her (very limited) downtime to build a rental portfolio of six units, all while managing her hectic day job. Now, she’s in a great position to retire early and is even eyeing her dream retirement house as we speak.

Jessica Cruel is editor-in-chief at Allure & SELF, but before the big title, she was living in expensive Newark, New Jersey, looking to invest in real estate while making less than six figures a year. After watching her ex-boyfriend successfully do a real estate deal, she thought, “If he can do it, I can do it better.” So, she bought a rental with multiple units but a sizable renovation checklist. It took her two years to turn it around, but now, she’s cashing the checks that will fund her early retirement.

Six years later, Jessica has a six-unit portfolio, with enough income to cover her bills and a hunger to build her small, slow-but-steady, financial freedom-enabling real estate portfolio. If she can do it in her pricey area, why can’t you?

In This Episode We Cover

The single best strategy for starting in real estate (it will save you a TON)

Why you DON’T need a huge real estate portfolio to retire early

How to invest in real estate even with a demanding day job

How NOT to get your AC unit stolen while you’re away (seriously)

Buy your retirement home now! How to have your dream home pay for itself

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1135

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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How to Buy a Rental Property in 2025 (6 Beginner Steps)

Fri, 13 Jun 2025 11:00:00 -0000

In this episode, we’re explaining exactly how to buy a rental property in 2025 as a real estate investing beginner. You don’t need to be a landlord already or have any investing experience to follow these steps; all you need is around 40 minutes and the desire to build wealth, find financial freedom, and start investing in your future. Ready? Let’s get you your first rental!

These are the steps that Dave followed to eventually build a seven-figure real estate portfolio and reach financial independence himself. We’ll start with YOU—what do you want out of the rental? Cash flow or appreciation? How much time do you have? Want more passive income with slimmer returns or higher returns with a more hands-on approach?

Then, we’ll cover tactical steps to help you find (and buy) your first rental before 2025 ends. Steps like picking your market, building your “buy box,” and the multiple ways to find cash-flowing real estate deals. We’re back in a buyer’s market, so you have the upper hand in negotiations. It’s time to make moves and start building serious wealth, one investment property at a time!

In This Episode We Cover

Why 2025 may be the best time to buy a rental in years! (The market has changed!)

One thing you must do before you start looking into rental property investments

How to pick a market (and neighborhood) that has the highest return potential

The many ways to find real estate deals, both on listing sites and off-market

How to negotiate with sellers for BIG concessions (price cuts, interest rate buydowns, and more!)

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1134

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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The Best “Early Retirement” Strategy 99% of Investors Ignore

Wed, 11 Jun 2025 11:00:00 -0000

Want to retire early? What about early retirement AND making millions of dollars tax-free? Only one real estate investing strategy gives you the ability to do both, but 99% of investors won’t try it. Why? We don’t know because today’s two guests, as well as Dave, are all using this investing strategy in 2025 to make a killing on their real estate deals. It’s not house hacking, it’s not medium-term rentals, and it’s not private lending—it’s live-in flipping.

Never heard of live-in flipping? There’s a good reason—nobody is doing it, even though it boasts the biggest benefits of almost any real estate strategy out there. This method enabled Mindy Jensen to accumulate millions of dollars in net worth by her early 50s, much of which was tax-free. The same strategy is being used by Ashley Kehr and Dave to make hundreds of thousands of dollars in profit simply by buying a house, fixing it up while living in it, and reselling it.

How does this get you to early retirement? Simple: you make hundreds of thousands tax-free, more than what your job might pay you over several years, dramatically boosting your bank account and allowing your investments to multiply way faster. Anyone can do it—whether you’re single, have a partner, or kids—and the benefits are unbeatable. Wanna know how to start? Mindy, the expert on live-in flips, is sharing her secrets in today’s episode.

In This Episode We Cover

Live-in flipping 101, the best real estate strategy for tax-free millions

What type of house makes the best live-in flip (with the highest profits)

What level of renovation to put into the house (DON’T pick your favorite upgrades)

Tips to keep your family comfortable while live-in flipping, especially if you have kids

Financing a live-in flip and one easy way to get a lower interest rate

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1133

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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$100K/Year Passive Income with Cheap, Small, Repeatable Rentals

Mon, 09 Jun 2025 11:00:00 -0000

This investor is making $100,000 per year with small, affordable, repeatable rental properties. He started investing years ago but recently bought another home-run rental for just $87,000, which will continue to boost his passive income. His slow, steady “tortoise” approach is one that anyone (especially beginners) can use in 2025 to build wealth and massive passive income through rental property investing. How do you do it? He’s sharing his blueprint.

Nathan Nicholson woke up one day in his 30s to realize that his bank account had only $32,000 in it. While by no means is $32,000 a small sum, as a top producer in the mortgage business, he expected to have much more—something needed to change. After watching clients close (and make it rich) on rentals, he decided to give it a shot.

But instead of going for the biggest house his money could buy, he opted for a small, affordable property where less could go wrong. It was a good move and one worth repeating. Fast forward over a decade later, Nathan has 22 properties, 10 of which are paid off, with six-figure cash flow coming in every year. He scaled smart (and safely) using his “tortoise approach” to investing—an approach you can use, too!

In This Episode We Cover

Why buying small (less than 1,000 square feet!) rentals is a smart move for beginners

Taking the “tortoise approach” to wealth so you safely get to early retirement

Cashing out your 401(k) for rentals? Why Nathan says it’s worth it

One quick calculation (that beats the 1% rule) every investor should use

Why Nathan is buying even more as price cuts hit many major housing markets

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1132

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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Should I Buy a House Now or Wait Until 2026?

Fri, 06 Jun 2025 11:00:00 -0000

“Should I buy a house now or wait until prices fall further?” If you’re a first-time homebuyer or regular real estate investor, you’ve no doubt asked yourself this question. Home prices are falling in many major markets, and affordability could be improving for Americans. There’s a strong chance home prices could fall even further throughout this year, so should you wait for the bottom or take your chances and put something under contract now?

Dave is sharing his exact investing plan today.

With new home price predictions from top housing market data leaders like Zillow forecasting a drop in home prices, many buyers are remaining hesitant. But, as a real estate investor, you’re not buying your dream house—you’re looking for deals. Dave shares a simple strategy he uses to gauge when to buy, even when the housing market is going in different directions.

If you follow this method, you’ll not only (most likely) be better off than the average investor, but you’ll be buying with far less stress and far greater strategy. Plus, what are the scenarios for the next year or two? Is there a chance that home prices could reverse and return to appreciation territory by this time next year? Dave is sharing his take so you can make better investment decisions.

In This Episode We Cover

Dave’s exact real estate investing plan for buying in 2025 and 2026

New home price predictions and why top experts have flipped their forecasts

One simple, repeatable strategy to invest in rising and falling real estate markets

The “upsides” you MUST look for when investing in real estate in 2025

Is 2025 the bottom? Why it may not even matter for savvy real estate investors

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1131

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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Why Waiting for the “Perfect” Property is Costing You Wealth

Wed, 04 Jun 2025 11:00:00 -0000

Your idea of a “dream home” or “dream investment property” is stopping you from building wealth and taking steps toward financial freedom. Don’t believe us? Today’s guest proves it.

Mitra Kalita lives in her dream home today, but it’s only because she bought a house FAR from what was her dream back in 2002. With her family moving often, she was accustomed to packing up and making somewhere new her home throughout her childhood. So, when it was time to buy her first property, then later move, settle in, move again, and repeat, it was nothing new. This has now led to her dream home, but it only started because she made a move on that first property.

Mitra went through the 2008 housing crash as a journalist, seeing what actual loss looked like for everyday Americans. However, even with memories of the last crash, she still owns real estate and hopes the new generation of first-time homebuyers can do the same. Today, we’re talking with Mitra about the impact 2008 had on the housing market and society at large, why your “dream home” often comes after your first home, and why working while investing is a superpower that most Americans are missing.

In This Episode We Cover

Why you should ditch the “dream” home/property idea and buy now instead

How the 2008 housing crash changed America forever and still affects today’s buyers

Is buying a house still worth it, and if so, will most millennials ever get their chance to buy?

Why combining real estate investing and a strong career can be a wealth-building superpower

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1130

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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You DON’T Need 20+ Rentals to Quit (I Did It With 6)

Mon, 02 Jun 2025 11:00:00 -0000

It doesn’t take long to replace your income through rental property investing. Just ask Miller McSwain, who quit his job two and a half years after buying his first rental property! But it wasn't a standard rental with just one tenant and one income stream that got him there. Instead, a new “mega cash flow” strategy got him to his goal in record time. It’s not short-term rentals, mid-term rentals, or house flipping, but something that might work even better.

Miller was a nuclear rocket scientist by day (yes, seriously) and a house hacker by night. He bought a property just after graduation, using his job offer as proof of income to the bank. He and his fiancée (now wife) lived in the basement while renting out the rooms on the top floors. He was saving tons on rent and living for almost free. So, why couldn’t he do this on a bigger scale?

He could, and he did. This “co-living” strategy became Miller’s new obsession. Now, he’s got six rental properties with over 40 tenants, making thousands of dollars a month from each property in pure cash flow. He’s sharing exactly how to do it and does so in-depth in his new book, Co-Living Cash Flow, so you can quit your job, or at least replace some, or all, of your income with the fewest properties possible.

In This Episode We Cover

Miller’s “mega cash flow” strategy that produces way more passive income than regular rentals

Exactly what to look for in the perfect “co-living” property for happy tenants (and neighbors)

The “community” events Miller throws at his properties that lead to lower vacancy

Discounting security deposits? The method behind Miller’s genius tenant screening tactic

How to remotely manage co-living rentals yourself (no need to pay a manager!)

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1129

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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How to Buy 5 Rental Properties in Just 5 Years

Fri, 30 May 2025 11:00:00 -0000

You can buy five rentals in just five years, even with less than 5% down. Today, we’re teaching you three savvy strategies to quickly scale your real estate portfolio so you can start building wealth without waiting years and years to buy your first (or next) investment property. And no, we’re not just talking about house hacking—Dave is walking through three separate strategies you can use to buy five rentals in just five years. All three methods are effective in today’s market and can be repeated even by a beginner.

These strategies are broken down by financial starting point: 1) starting with little money, 2) having a solid amount saved, and 3) having a lot saved for investment. So, whether you’re a graduate fresh out of college who's ready to invest in rentals or a doctor/lawyer/executive with hundreds of thousands sitting around, we have a strategy for you.

The best part? As your portfolio grows, you can combine these strategies to reach your financial freedom goals faster and pick the path that works best for you as your wealth grows. Ready to get started? Follow this plan, and by 2030, you’ll have five rental properties!

In This Episode We Cover

How to buy five rental properties in just five years (even with 3.5% down!)

The beginner-friendly strategy that successful real estate investors recommend

How to recycle your money with the BRRRR method and supercharge your scaling

Got a high income? Why buying turnkey, easy-to-manage rentals could be your best bet

Full math examples of the methods, how much money it takes, and how much you’ll make

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1128

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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How to Buy Time and Freedom with a Simple Rental Portfolio (2-Hour Workweek)

Wed, 28 May 2025 11:00:00 -0000

Rentals can give you much more than just bigger pockets. They can buy you time, flexibility, and the freedom to design an adventurous and fulfilling life. Just ask today’s guest, who built a simple real estate portfolio that runs itself—creating space for midday hikes, living abroad, and passion projects. In this episode, he’ll show YOU how to slow down and do the same!

Today, Chad Carson, investor and author of The Small and Mighty Real Estate Investor returns to the show to share how real estate investing gave him much more than money. Chad has been investing for decades, but now, he’s making a major shift. Rather than accumulating more rental properties, he’s paying off the ones he already owns. Instead of putting in 80-hour workweeks, he’s traveling, taking mini-retirements, and prioritizing his life goals. And the best part? Some weeks, he spends as little as two hours on his portfolio!

Want to copy Chad’s success? In this episode, he’ll show you how to trade the rat race—whether that means long hours at your nine-to-five or the relentless grind of scaling your investments—for time freedom, a flexible portfolio, and a real estate business that works for you.

In This Episode We Cover

How Chad optimized his real estate portfolio for a two-hour workweek

Why real estate’s real return isn’t money—but time, freedom, and flexibility

How to use real estate investing to build a fulfilling life (not just a big portfolio!)

Swapping traditional retirement for mini-retirements that help you savor life while you’re young

The power of paying down mortgages versus buying more rental properties

How to ditch the rat race for a real estate business that works for YOU

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1127

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3 Cash-Flowing Real Estate Deals in 2025 (& Where We Found Them)

Mon, 26 May 2025 11:00:00 -0000

There are still real estate deals even in 2025. To prove it, we’re taking three real (on-market!) deals and analyzing them three ways: as a long, medium, and short-term rental to see which will have the highest cash flow. All of these properties are around or under the median home price in the US and have at least one strategy that makes them profitable, even in 2025 with today’s high interest rates.

To help run the deal analysis, Ashley Kehr from the Real Estate Rookie podcast and Garrett Brown from BiggerStays join us to crunch the numbers. You’re probably thinking, “Short-term rentals always make more than long-term rentals!” but that isn’t exactly the case. With the added expense of short-term rental management, some deals may work MUCH better as a long or medium-term rental.

We’ve even got some bonus strategies to share to boost your rental property profits, like renting-by-the-room to get even more revenue and subdividing your lot so you can sell it and pay off your rental faster (more cash flow!). These deals still work in 2025, and today, we’re sharing exactly where we found them.

In This Episode We Cover

How to analyze a rental property as a short, medium, and long-term rental

The one overlooked cost you should ALWAYS account for on a short-term rental

A sneaky tactic to get extra cash if you’re on a BIG lot

Using the “coliving” (rent-by-the-room) strategy to get even more rent every month

Why short-term rental regulations are a good thing for investors

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1126

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How to Become a Millionaire Through Real Estate (Beginners)

Fri, 23 May 2025 11:00:00 -0000

Everyone wants to know how to become a millionaire in real estate. And surprisingly, getting there isn’t all that hard. You can create a seven-figure net worth by investing for just 8-12 years, and if you’re willing to put in a little more work, you can get there faster. Dave has done it, and a million of our BiggerPockets members have done it, too. So today, we’re sharing the real estate millionaire math so you can repeat it and reach your financial independence number faster.

We’re not just showing you how to get to a million dollars in equity. We’re also discussing what you need to know to replace your salary with rental properties. This way, you’ll have cash flow to live off of and appreciation to build your wealth. Using the four “building blocks” of real estate, you can skyrocket your wealth in a (relatively) short amount of time.

Maybe you want to be a millionaire in less than a decade and build a real estate portfolio faster. Great! We’re sharing two extra levers you can pull to make more money from your properties IF you’re willing to put in the work.

What are you waiting for? Let’s make your first million!

In This Episode We Cover

How to become a millionaire with real estate in just 8-12 years (we did the math)

Replacing your salary with rentals and how to “compound” your cash flow

The four ways that real estate makes you rich (it’s not just rent checks)

Two other wealth “levers” you can pull to get to millionaire status faster

Should you buy a rental property in cash? Here’s what happens to your returns

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1125

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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98% of Housing Markets “Weaker” Than Last Year: Good News for Investors?

Thu, 22 May 2025 11:00:00 -0000

49 of the nation’s 50 largest metro area housing markets are showing “weaker” home price growth in 2025. For some, this signals a long-predicted crash/correction on the horizon. But for others (like Dave), it’s something very different, and could be a huge help for the aspiring real estate investor.

For years, we’ve been struggling with a dangerous combination of high rates, high home prices, and low affordability. If top markets are starting to weaken and prices are softening, could this actually be a good sign for investors and buyers waiting on the sidelines? If mortgage rates come down and wages continue to grow, are we inching closer to equilibrium and the more affordable housing market we’ve all been waiting for?

In this bonus episode, Dave is explaining why housing market “weakness” is a sign of long-term strength and a huge opportunity for investors willing to make moves. Don’t believe him? Dave shares a personal bet he’s making on the housing market—with a lot of money on the line—that could turn out to be a genius move in the years ahead. What’s his plan? Stick around, we’re getting into it!

In This Episode We Cover

Why 98% of major housing markets are seeing “weaker” home price growth in 2025

Why price softness does NOT signal a crash or correction

Good news for first-time homebuyers: purchasing could become more affordable

The three factors of an affordable housing market (and are we shifting to better affordability?)

Dave’s recent rental property move to capitalize on this window of opportunity

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1124⁠-5

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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When’s the Right Time to Start Investing? (Age, Money, Lifestyle)

Wed, 21 May 2025 11:00:00 -0000

When is the right time to invest in real estate? We’ve all asked ourselves this, and if you’ve been thinking about buying rentals, you probably have, too. Whether you’re 20 or 50, have a little money or a lot, that first real estate deal can seem so...scary. You’ve never done this before, and things can (and will) go wrong, so how do you know you’re ready? Have you read enough books, saved enough for emergencies, or looked at enough houses? We’ve got three investors who all started in different positions to help get you an answer.

Dave started investing right after college when he was waiting tables and had barely any money in the bank. Henry began to invest well into his working career, but with a family to take care of in the near future, he had to invest differently. On the other hand, Jonathan Greene was born into real estate, with an investor father who taught him the ropes from childhood. Each expert started from a different place, but they all agree on when it makes sense to invest.

How much money do you need to make? How much free time should you set aside? What should your bank account look like? Do you need to know how to renovate and repair? Each investor will share where they think you should be to successfully invest in real estate. Good news—you might already be there!

In This Episode We Cover

The right age to invest in real estate (and can you ever be too young/old?)

How much money you should have in case your first deal goes wrong

Growing your confidence to buy and how many houses you should view before bidding

The time it takes to invest in real estate on the side (do you have the schedule for it?)

Financial signs that you’re NOT ready to buy a rental (and how to fix your finances)

Is it too late to invest with high home prices and interest rates?

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1124

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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How to Retire with Rentals in Just 10 Years (It’s Still Possible!)

Mon, 19 May 2025 11:00:00 -0000

Want to retire early? You don’t need millions of dollars in stocks, retirement accounts, or cash to do it. You might just need a handful of rental properties. Today’s guest, Paul Novak, only started investing four years ago in 2021, but he’s already nearly at his early retirement goal through rental property investing. He may only need one or two more rentals to fully retire in his mid-40s. Want to trim twenty years off of your working career? Follow Paul’s plan!

After realizing that stock investing could only get him to retirement so fast, Paul knew he needed a better path to early retirement. He thought real estate could be the answer. The problem? This was 2021, where every house was going over asking and competition was steep. He finally got a deal done after previous ones fell through and found he was already making 10 times more money than his stocks were giving him. It became a no-brainer to repeat the strategy.

Fast forward to 2025, Paul has five rentals, with seven units in total, and he’s nearly at his cash flow goal to retire from his job. He did it all through some very creative rental financing. One more rental could unlock the holy grail: early retirement, time freedom, and plenty of passive income. And this is just four years into his investing journey!

In This Episode We Cover

How to retire early in just ten years with boring, repeatable rental deals

401(k) loans, HELOCs (home equity lines of credit), and other ways to fund your rentals

Why interest rates don’t matter as much as you think they do

How to run your numbers on rentals so you’re ALWAYS making money

Why you don’t need a dozen or more rentals to reach financial freedom

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1123

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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May 2025 Housing Market Update: Price Cuts Arrive, Market “Softening” Continues

Fri, 16 May 2025 11:00:00 -0000

The housing market is going through another significant shift. Sellers have lost even more control as price cuts become common in some top markets. Rents are flat, but will they stay this way? The Trump administration presents a groundbreaking proposal that could greatly affect many real estate investors. This is May 2025’s housing market update, where we’re filling you in on all the biggest stories affecting real estate!

The market “softening” continues. Inventory is rising, and sellers are realizing this isn’t 2022 anymore. Price cuts have become common in Texas, Florida, and California. But other markets are still seeing price jumps, so have the southern states become the new buyer’s markets? Investing opportunities could be here for the right buyers, and Dave has already made a move, locking up his latest investment to capitalize on what’s to come.

But what about mortgage rates? Do we have any hope that we’ll get below 6% this year? Dave shares his updated mortgage rate “range” for 2025. Have Section 8 renters? You’ll want to hear the end of today’s episode as a new proposal from the Trump administration could slash Section 8 funding, putting tenants and landlords in a tricky position. All that, and more, in today’s episode!

In This Episode We Cover

The housing market “shift” pushing us into a bigger buyer’s market

The end of Section 8? A new proposal from D.C. could cause major cuts

Markets with the most price cuts and areas where prices are rising instead

Mortgage rate forecast and the range we could hover around for the rest of the year

Investing opportunities with “juicier” returns as sellers lose control

Rent price updates and which properties will get hit hardest as vacancy rises

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1122

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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The Easiest Way to Find Profitable Rental Properties

Wed, 14 May 2025 11:00:00 -0000

This is how to find investment properties that make real money in 2025. No “off-market” deals, no mailing letters, no cold calling—we’ll walk you through how to find profitable, on-market rental properties that anyone can spot in any market across the country. Plus, how to separate “upside” potential from money pits that aren’t worth the price. Dave has been buying rentals for 15 years, and he’s showing you his exact method.

If you’re used to browsing listing sites like Zillow, Realtor, or Redfin, prepare to get your mind blown. We just released a brand new tool, BiggerDeals (100% free, by the way), that allows you to quickly search on-market properties and instantly get their cash flow, cash-on-cash return, cap rate, and rent-to-value ratios. This trims down your search time for properties by a massive margin.

Now that you’ve used BiggerDeals to find your next potential rental, Dave will show you how to run the numbers in-depth to ensure you’re buying a deal, not a dud. If the numbers work, and it fits your buy box, it’s time to make an offer! The deal-finding and analysis can all be done in minutes, which means you’re WAY closer to your first (or next) rental property than you thought!

In This Episode We Cover

How to find profitable rental properties in any market in just minutes with BiggerDeals

Why you DON’T need to find “off-market deals” to invest in real estate

The “funnel” approach to finding rentals and how to trim down your search time by 90%+

Using the rental property calculator to easily run your numbers

How to estimate variable expenses on your next investment property

The one thing you should always do before you offer on a property

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1121

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠.

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Financial Freedom with Just 4 Rentals? Why Small Portfolios Win

Mon, 12 May 2025 11:00:00 -0000

This investor quit her job for good, with just four rental properties. Not 40, not 400—four rentals. And she’s not looking to grow much beyond that. You’ve heard other investors talk about owning dozens, even hundreds of rental units, but you DON’T need to get to that scale to reach financial freedom. Antoinette Munroe is proof of that.

After countless “I hate my job” Google searches, Antoinette found the FIRE movement (financial independence, retire early). This prompted her to start saving and investing at a far greater speed than before, hopefully giving her enough runway to quit. She had saved enough to buy her first house—but realized it could actually make her money. The accidental real estate investor was born!

Fast forward around a decade later, Antoinette owns four rental properties with very high cash flow. She’s done flips, learned to renovate and rehab homes, added additions to increase value, split properties in two, and done whatever it takes to make more from one house. But does Antoinette want more rental units? Not really. She’s happy with her small and mighty real estate portfolio—unless an investment in one of her vacation destinations comes up for sale!

In This Episode We Cover:

Why you DON’T need a large rental property portfolio to quit your job

The unique, high-cash flow rental properties Antoinette focuses on today

Doubling your cash flow by “splitting” rentals with the right amount of space

How to fight city code enforcement fines and reduce them by 90%

Using a HELOC to buy rental properties (and get ALL your money back via BRRRR!)

And So Much More!

Links from the Show

BiggerPockets Real Estate 710 - How to TRIPLE Your Rental Property Income with Group Home Investing w/Antoinette Munroe

Baselane: Automate your real estate finances with banking and AI-powered bookkeeping. Claim your $100 bonus!

Grab the Book, “The Small and Mighty Real Estate Investor”

BiggerPockets Real Estate 710 - How to TRIPLE Your Rental Property Income with Group Home Investing w/Antoinette Munroe

Connect with Antoinette

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1120

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠.

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How to Invest in Real Estate During a Recession (2025 Update) w/J Scott

Fri, 09 May 2025 11:00:00 -0000

A recession isn’t a time to panic—it’s a time to build wealth. If you’re listening to this podcast, you’re already multiple steps ahead of the masses that shift their mindset with every news story shouting from the rooftops that a crash, correction, or recession is coming. Savvy investors are sitting, waiting, knowing that if a recession does come, deals usually do, too. Want to build wealth during a recession instead of losing your head? J Scott, author of Recession-Proof Real Estate Investing, is here to show you how.

J says there are three things every investor should be doing before a recession to be in the best position possible. If you follow these three, relatively simple, steps, you’ll be ready to buy deals at a steep discount while average Americans miss out on yet another opportunity to invest. This happened in 2008, and many modern investors regret not having the means to buy back then.

Plus, J outlines the real estate deals that work best in a recession, whether you’re a buy-and-hold landlord or a flipper/renovator. Some homes have serious risks attached to them during downturns, while others offer wealth-preserving (and building) opportunities. Here’s how to invest in real estate if a 2025 recession hits.

In This Episode We Cover

The three things every investor must do to prepare for a recession

Time to sell? Why offloading a poorly performing rental now could be a smart move

What to do right now if you have rental properties (and want to keep your cash flow going!)

The business “cycle” and why we may be at the “peak” before the fall

Building your recession-proof strategy so you DON’T deviate from it when times get tough

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1119

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠.

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Signs the Housing Market is Becoming “Healthier” in 2025

Thu, 08 May 2025 11:00:00 -0000

It doesn’t seem like it, but the housing market could be getting a LOT healthier. After years of buyer-seller imbalance, with rising mortgage rates, low affordability, and frozen transaction volume, there are finally some signs of improvement. But are these changes enough to call the market “healthy”? Or are we still a long way from normal?

We’re back with a bonus audio-only episode, touching on housing market expert Logan Mohtashami’s recent article, Why the housing market is actually much healthier in 2025. Dave breaks down the five key traits of a healthy housing market—and which ones the 2025 market actually meets. Although things have significantly improved from the supply-starved 2020-2022 period, affordability is still a huge issue. Can we somehow make the jump back to a healthy housing market?

We might not be there yet, but things are shifting. So what does that mean for investors? With uncertainty comes opportunities, even if market conditions aren’t “ideal.” Do you NEED to wait for a healthy housing market to jump into the game? We’re breaking it down today!

In This Episode We Cover

Signs that the US housing market is becoming (surprisingly) healthier

Five factors that make up a “healthy” housing market, and where we need to be to get back to pre-pandemic levels

Can we ever solve our affordability crisis and get housing back to reasonable pricing?

Signs we’re going in the right direction, EVEN with prices still high

Why a “healthy” housing market doesn’t always mean a good time to invest (and vice versa)

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠.

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠.

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Data Says It’s a Buyer’s Market: Here’s Where the Most Opportunity Is w/Michael Zuber

Wed, 07 May 2025 11:00:00 -0000

The buyer’s market is back, and opportunities are growing. Inventory is rising, demand is shrinking, and sellers are more motivated to give you a price cut, concession, or repair. This is the time investors have been waiting for, and much of the housing market is already on discount. But which areas are the deepest buyer’s markets, and how are we investing today to capitalize?

BiggerPockets CEO Scott Trench and Michael Zuber from One Rental at a Time join the show to share about deals they recently bought to take advantage of 2025’s housing market conditions. Plus, we give away free data on the markets with the most buyer control. Buyer’s market conditions don’t show up often—and they won’t last long.

Finally, we’re unveiling a brand new, free tool from BiggerPockets that makes it easier than ever to find cash-flowing real estate deals in your area—BiggerDeals! No more scrolling through hundreds of listings. You can see estimated cash flow, cap rate, cash-on-cash return numbers, and more with BiggerDeals!

In This Episode We Cover:

The free, easy way to find cash-flowing rental properties in your area

How to take advantage of the growing “buyer’s market” and which areas buyers have the most control

Two real deals Scott and Michael are investing in right now

How to get massive discounts (and interest rate buydowns) on new construction homes

The four factors that make up a buyer’s market and free data to see if your market is one

And So Much More!

Links from the Show

Data from Today’s Episode

BiggerDeals

BiggerPockets Real Estate 1095 - Scott Trench: How I’m Protecting My Money From “Irrational Exuberance”

One Rental at a Time YouTube Channel

One Rental at a Time Book

Earn 10-12% Without Landlord Headaches with Ignite Funding

Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust

Try BiggerDeals Today and Find Your Next Rental

Grab “The Book on Rental Property Investing”

Connect with Michael

Connect with Scott

Check out more resources from this show on ⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1118

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠.

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Financial Freedom in 6 Years by Buying Rentals with Just $6,000 Down

Mon, 05 May 2025 11:00:00 -0000

This investor turned $6,000 into financial freedom in just six years. He did it in a major market and became a millionaire by age 28 simply by repeating this beginner-friendly rental property strategy over and over again. And, even though he started earlier, you can STILL buy properties like his, at affordable prices, that cash flow, in the same market today. Where is he investing, and how did he scale up so fast? We’re breaking it all down in today’s episode.

Jeremy Taggart saved every dollar from his college internship, knowing he wanted to invest in real estate after graduation. He bought his first house, a small multifamily, for just $6,000 down, lived in it, did some DIY renovations, and increased the value. Thanks to the rent savings, he bought another property the following year—this time, making $50,000 (tax-free!) by fixing it up.

This was just the start of the “rinse and repeat” strategy that would turn Jeremy into a millionaire before he was thirty. But it wasn’t easy. Jeremy was fired from his job, had to start working for himself, and did what many real estate investors won’t. The result? Complete financial independence less than a decade after graduating college. His strategy still works in 2025, but will you use it?

In This Episode We Cover:

The easiest way to buy your first property with low money down (only $6,000!)

Making $50,000 tax-free using the “BRRRR strategy” (buy, rehab, rent, refinance, repeat)

The affordable, cash-flowing, stable real estate market Jeremy invests in (you can, too!)

Is becoming a real estate agent worth it as a real estate investor?

Why Jeremy switched from “cash flow” to “equity” investing for long-term wealth

And So Much More!

Links from the Show

Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations

Rich Dad Poor Dad

Grab the Personal Finance Classic, “Rich Dad Poor Dad”

The BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat)

Connect with Jeremy

Check out more resources from this show on ⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠ and ⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1117

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠.

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The Mortgage Rate “Range” to Expect for the Rest of 2025

Fri, 02 May 2025 11:00:00 -0000

Here’s the mortgage rate “range” Dave expects to see through the end of 2025.

With so much rate volatility as of late, it’s getting harder and harder to predict when interest rates will rise, fall, stabilize, or go in a completely different direction. Behind all the fluctuations, we can see why this is happening: recession fears, inflation fears, and declining sentiment toward the American economy. There are a few ways future mortgage rates could go, and today, Dave shares his prediction for the 2025 mortgage rate “range.”

You want lower mortgage rates, we want lower mortgage rates—everyone wants lower mortgage rates—how do we get there?

Dave will spell out the scenario that has to happen for rates to fall, and if you start seeing these warning signs, you might want to prepare. Plus, if the opposite happens, what could cause rates to rise even higher? Finally, Dave shares his plan for investing with fluctuating rates and his strategy for building wealth in a volatile market.

In This Episode We Cover

The mortgage rate “range” to expect in 2025 (and what’s affecting rates now)

Everyone is wrong about the Fed—here’s who actually controls mortgage rates

The recession vs. inflation standoff and why the winner will greatly affect your rate

The “Sell America” trade that’s putting the American economy under severe pressure

How Dave is investing in 2025 and his plan for which properties to buy even with high rates

And So Much More!

Check out more resources from this show on ⁠⁠⁠BiggerPockets.com⁠⁠⁠ and ⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1116

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠.

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Where We’d Invest in Real Estate in 2025 (If We Could Buy Anywhere)

Wed, 30 Apr 2025 11:00:00 -0000

Where would we invest in real estate if we could pick anywhere in the country? Even with many real estate markets stagnating, several markets are still primed for serious growth. Today, Ashley Kehr and Henry Washington join Dave to share the best markets to buy rental properties right now. These markets span coast-to-coast, and we curated a list of nine top markets with the highest potential across the nation.

Want an affordable rental property with high rent prices? We’ve got plenty of places on the list. Looking for appreciating cities with super low vacancy so you’re never without renters? There are cities in this episode for you! We’ve even got markets that are great for fix and flips if you’re looking for some quick(er) cash!

We broke the country into three zones: East, Central, and West. Each investor chose a market in each region that they would invest in TODAY, explaining why the market works, which strategy performs best there, the average home price, rent price, and economic data that makes it better than other cities in the region. Don’t know where to invest in 2025? After this episode, you’ll have nine great options!

In This Episode We Cover

The manufacturing “sleeper” market with high employment and low home prices

A “steady” Midwest city with a BIG new investment that could drive up demand

A super affordable Northeast city that is great for house flips (but maybe not for rentals)

Looking for appreciation? This area has below-average home prices, but they could rise quickly

The best market for new builds just outside of a major metropolitan area

HIGH rental demand here and why Dave regrets not investing in this market

And So Much More!

Check out more resources from this show on ⁠⁠BiggerPockets.com⁠⁠ and ⁠⁠https://www.biggerpockets.com/blog/real-estate-1115

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠advertise@biggerpockets.com⁠⁠.

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11 Rentals in 4 Years with SMALL, Affordable Multifamily Properties

Mon, 28 Apr 2025 11:00:00 -0000

We always say it, but buying just ONE rental property can change everything! For Jesse Walters, a coffee roaster by trade but a cash-flowing investor now, buying his first rental property opened up an entirely new world of not only passive income—but freedom. After his wife became a real estate agent, Jesse noticed the sizable commission checks and thought hundreds of dollars a month in passive cash flow beat wholesaling three-dollar bags of coffee. Was he right?

Jesse didn’t do any expert-level real estate investing moves to get his first deal done. It was 2021—he found a listing for an affordable house, put 20% down on it, and rented it out. That strategy seemed to work, so Jesse did it again, finding another on-market, affordable rental property to purchase. Then, he took it up a notch, purchasing a fourplex (four units) by putting—get this—$0 down! He used a strategy ANYONE with access to a local bank can try, and this property lit the rocket fuel for his portfolio.

Now, he has 11 rental units, runs multiple house flips a year that pay him five-figure checks, and is building a new triplex that will hit the 1% rule from the start. Jesse shares the exact playbook for building a small but profitable rental property portfolio, even with high interest rates, even in a small town, and even if you have no experience.

In This Episode We Cover

How Jesse used his two small rental properties to put $0 down on a fourplex!

“Building” the 1% rule and why brand new rentals may make more sense than existing ones

Why you CAN cash flow with affordable real estate in small towns

The investor cheat code that Jesse has (thanks to his wife) and why you NEED an investor-friendly agent to get the best deals

How Jesse made $21,000 on a quick, cosmetic, low-cost flip (as a complete newbie)

And So Much More!

Check out more resources from this show on ⁠BiggerPockets.com⁠ and ⁠https://www.biggerpockets.com/blog/real-estate-1114

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠advertise@biggerpockets.com⁠.

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Buying a House Could Get Easier for Millennials. There's Just One Big Problem...

Fri, 25 Apr 2025 11:00:00 -0000

The housing market could do something it’s never done before—permanently reverse. For as long as home prices have been recorded, they’ve always increased over time. But, with one of the largest generations, the Baby Boomers, aging out, and household formation shrinking as birth rates decline, we could face a new problem—insufficient demand.

This is a huge problem for Millennials and the Gen Z generation since buying a house, the primary asset that makes up the majority of many Americans’ net worth, may not be the same wise financial decision as it was before. James Rodriguez joins us on the show to break down his recent article, The millennial homebuying predicament, and why buying a home may get easier for the younger generations, but it could come with less long-term payoff.

For years, economists speculated that a “silver tsunami” would flood the housing market with inventory. What actually ensued, however, was more of a “silver glacier,” since we’re still millions of housing units short. But once these boomer-owned homes hit the market, will prices grow, stall, or decline? What happens to home prices if the population stagnates or reverses? Does buying a home become a riskier decision? James is on to help us answer these questions and share which homes could be the safest bet for long-term demand.

In This Episode We Cover

The demographic dropoff that could transform the housing market forever

Properties with the most (and least) demand as household sizes shrink

With population concerns, does buying a house become a much riskier decision?

The “silver glacier” that’s slowly melting and bringing inventory to the market

Could immigration solve America’s population replacement problem?

And So Much More!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1113

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Price Cuts Ahead: Zillow Downgrades 2025 Housing Market Forecast

Thu, 24 Apr 2025 11:00:00 -0000

More price cuts could be coming this year. Zillow just made headlines by revising its 2025 housing market forecast, now predicting home values to drop in much of the United States. But do other top housing market forecasters agree, and if home prices fall this year, does it put you in a better position as an investor to lock down discounted deals? Dave is unpacking Zillow’s new prediction, plus sharing his own take on what might happen next.

This is not the first time Zillow has revised its 2025 housing market forecast. They’ve updated their predictions several times throughout the year, with the newest release being the most negative for home prices. Some markets in the US are even predicted to see drops of up to 10%—other markets could have price growth, while the rest of the nation struggles.

What’s causing the downward trend in home prices? Is it tariffs, inflation fears, signs of a recession, or just too much housing supply and insufficient demand? We’re breaking it down in this episode. If you plan on buying or selling this year, don’t miss this.

In This Episode We Cover:

Zillow’s new 2025 housing market forecast and why price declines seem likely

The best and worst housing markets for home price growth (some could fall by 10%)

What Fannie Mae, Wells Fargo, and JP Morgan are predicting for 2025 home prices

Is this the start of a housing market crash, or just a break for buyers?

What Dave is doing now to pick up more properties as home prices weaken

And So Much More!

Links from the Show

Zillow Home Value and Home Sales Forecast (April 2025)

Get $100 Off BPCon 2025

Get $100 Off Tickets to BPCon 2025!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-bonus-4

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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3 Types of Rentals That Make You Rich in 2025 (Actual Deals)

Wed, 23 Apr 2025 11:00:00 -0000

These rental property deals are making us richer in 2025, even with high housing prices and interest rates. Everyone thinks it’s impossible to find cash-flowing rental properties in today’s housing market, but this is NOT the truth. We’re going to show you three real rental property deals we’re buying in 2025. All of these are being purchased in 2025—these are NOT cheap deals from 2020 with 3% - 4% interest rates. Each one will build major equity, cash flow, or both.

Dave brought backup on this episode—the entire expert panel from the On the Market podcast—to share real deals they’re doing right now. We’ve got three to go through—a $55,000 heavy rehab rental property that will also serve as Henry’s own vacation home, a new build rental property at a super reasonable $214,000 price, and finally, a very creative (but somewhat costly) land-banking deal in Seattle, Washington.

Each of these deals ranges in expertise needed. Some of the heavier rehab projects may require a few years of renovation experience, while Kathy’s new build deal is a profitable rental ANYONE can buy right now. Regardless of your experience, you can copy these strategies and get richer with these rentals!

In This Episode We Cover

Three profitable real estate deals you can do RIGHT NOW in 2025

How to buy a brand new rental property, with a low interest rate, for just around $200,000

How Henry is turning a $55,000 disaster house into a $265,000 top-tier rental

James’s super creative way to make $300,000 on land in high-demand areas

The best investment if you’ve got a busy job, a family to take care of, or just a hectic schedule

And So Much More!

Links Mentioned in the Show

On the Market Podcast

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1112

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I Turned My Condo into a $10K+/Month Rental Portfolio (in 4 Years!)

Mon, 21 Apr 2025 11:00:00 -0000

Andrew Freed turned one condo into a rental property portfolio that makes him $10,000 per month! Just four years ago, Andrew had little to his name—around $50,000 and a $200,000 condo. That’s what a decade of working had gotten him, but to Andrew, it was a sign he wasn’t doing enough. Like most real estate investors, Andrew stumbled upon Rich Dad Poor Dad and made an immediate change that would propel him to financial freedom. Four years later, he’s there—quitting his job and going full-time into real estate.

How did he do it? Simple. “Recycling” his money is what allowed Andrew to scale so quickly. A HELOC (home equity line of credit) on his condo gave him the money for his first small multifamily—a house hack that would help him live for free. With each new property, he’d get a new HELOC and use it to grow his portfolio even faster.

Now, Andrew has a sizable real estate portfolio, personally paying him six figures a year, while he focuses on the next property. If you want to quit your job and give real estate your all, you can do what Andrew did, recycling your money to build your wealth—and you can start with just a condo!

In This Episode We Cover:

How to use HELOCs (home equity lines of credit) to quickly fund your first real estate deal

Using the BRRRR method (buy, rehab, rent, refinance, repeat) to buy rentals for essentially $0

The “sweet spot” multifamily properties that are easier to manage and boast big cash flow

How to take down huge real estate deals when you don’t have the money

Why buying portfolios of properties (not single properties) is the cheat code for faster financial freedom

And So Much More!

Links from the Show

Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations

Get $100 Off BPCon 2025

Start with Strategy

Rich Dad Poor Dad

Real Estate Rookie 267 - 24 Units in 2 Years by Making Your Rentals Match the Market w/Andrew Freed

BiggerPockets Real Estate 1085 - Making $200K/Year With the Least Amount of Rentals Possible w/Dion McNeeley

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1111

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April 2025 Housing Market Update: Prices to Weaken, Buyers Get Better Bargains

Fri, 18 Apr 2025 11:00:00 -0000

Home prices could weaken, bringing big bargains to patient buyers who’ve been sitting on the sidelines. The housing market is seeing some turbulence, even if it remains more stable than other parts of the economy. Inventory is rising, and sellers are in a tough position, with many buyers still waiting out the market. Stock sell-offs and tariffs are keeping fear high, and the housing market could freeze because of it.

Where is the housing market headed? We’re catching you up on all the data and big headlines in this April 2025 housing market update.

First up: inventory. A few years ago, there was none—now, we may have too much. More homes are hitting the market, which could spell trouble for sellers. With inflation fears and stock market uncertainty dragging down demand, prices may soften. Don’t worry, this isn’t another 2008, even though a certain “delinquency chart” would have you thinking so. We’re also hitting on the condo market and why more than half of condo sellers should prepare to accept an under-asking price…and this could be just the start.

In This Episode We Cover:

April 2025 housing market update: home prices, inventory, mortgage rates, and more

Why inventory is rising so quickly now and what it means for buyers (good news?)

Home price predictions and whether or not we’ll see prices fall even more in inventory-heavy markets

The condo market’s notable sign of weakness and why price drops are becoming more common

With more economic pain, will foreclosures increase? Here’s why mortgage delinquencies aren’t exploding

And So Much More!

Links from the Show

On the Market 309 - Americans Are Late on Their Mortgages: Why I’m NOT Worried About THAT Chart

BiggerPockets Real Estate 1103 - April 2025 “Upside” Update: Making a BIG Change to My Portfolio (Cashing Out)

Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations

Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust

Start Investing with Dave’s Book, “Start with Strategy”

On the Market 309 - Americans Are Late on Their Mortgages: Why I’m NOT Worried About THAT Chart

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1110

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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The World Has Changed, But THIS Is Still the Best Way to Invest in Real Estate

Wed, 16 Apr 2025 11:00:00 -0000

Real estate investing in 2025 has huge, underrated potential to make you wealthy—but hardly anyone is talking about it. As tariffs, mortgage rates, and stock market volatility take over the news cycle, average Americans are turning away from time-tested investments like real estate and worrying about unstable markets instead. This could be a huge mistake because, as I’m about to show you, the ability to get rich with real estate has not disappeared—if anything, the opportunity has grown.

For months, I’ve been talking about how we’re entering the “upside” era of real estate investing—a time when patient, prudent investors can make a killing by pinpointing often-overlooked opportunities. Today, I’m sharing the exact “upsides” to look for in 2025 and how I’m buying real estate deals RIGHT NOW that will make me wealthier in the not-so-far future.

Even better? I’m proving how real estate BEATS your other investments—especially during turbulent times. Stocks, bonds, cryptocurrency, and even private businesses can’t hold a candle to real estate. Now is the time to get in, and if you don’t, you can be sure other investors will pick up what you missed, building their financial freedom where you could have built yours!

In This Episode We Cover:

The “upside” era explained and seven different ways to build wealth through real estate NOW

Real estate vs. stocks vs. cryptocurrency vs. businesses: which reigns supreme?

How to achieve financial freedom in just a decade if you start investing NOW

Real “upside” deal examples Dave is doing now to build wealth in today’s market

Huge economic tailwinds real estate has over the next few years (if not much longer)

And So Much More!

Links from the Show

Baselane: Automate your real estate finances with banking and AI-powered bookkeeping. Claim your $100 bonus

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

The One True “Inflation-Proof” Investment (EVEN with Tariffs)

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1109

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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I Bought My First Rental in 2021, Now I Have 19 and Replaced My Salary!

Mon, 14 Apr 2025 11:00:00 -0000

This high school football coach grew a real estate side hustle over the past four years that now replaces his W2 income. He did it making a median salary, all while working his full-time job and raising his family. He didn’t use flashy methods, risky strategies, or constant cold calling. Starting with around $30,000, Lamontis Gardner went from zero to 19 rental units in just four years and is STILL growing!

After pandemic lockdowns left Lamontis with extra time and little work, he knew he needed to stop solely relying on his W2 income to fuel his life. Of course, Rich Dad Poor Dad found its way into his hands, and the real estate bug began. From there, Lamontis turned a lost deal into an opportunity to buy three duplexes from one owner. The problem? He only had a third of the money. It was time to partner up!

After a home run first real estate deal that gave him a six-figure equity upside, Lamontis knew this was the path for him. Since then, he’s been buying rentals, flipping houses, and doing whatever he can to reinvest in real estate, all while working his W2 job. Now, he’s replaced his W2 income but is STILL growing his portfolio even in 2025’s high-rate, “tough” housing market. Want to do the same? Copy Lamontis’s strategy!

In This Episode We Cover

How to invest in real estate when you don’t have enough money for a down payment

Why you DON’T need to cold call in order to find great off-market real estate deals

The easiest (and most profitable) homes to flip that ANYONE can find on-market

Why section 8 rentals are not what you think (and might be as good or better than regular rentals)

When to flip vs. renovate and rent a house (telltale signs of a great flip/bad rental)

How Lamontis scaled to 19 rentals and multiple flips per year WITHOUT a big team

And So Much More!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1108

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Home Renovation Q&A: Permits, Building a Scope of Work, & Managing Renovations

Fri, 11 Apr 2025 11:00:00 -0000

Does your rental property need some updating? Maybe you’re buying a house with unpermitted work, and you’ve got to go back and fix a few problems. Or, this could be your first home renovation as you try to squeeze some sweat equity out of your property. Regardless of your situation, if you’re planning a home renovation, you’ll need to know how to do a few things: build a scope of work, pull permits, manage contractors, and ensure the job is actually getting done. We’ll help you do all of those today!

We’re taking questions from the BiggerPockets Forums today and answering topics like:

What to do when your home has unpermitted renovations

How to analyze your first rental property or house hack

How to build a scope of work to ensure you get the HIGHEST appraisal value

The best way to check in on renovations, especially if you’re investing out-of-state

Some of these seem tricky if you’re a first-time investor, but don’t worry, ANYONE (even a newbie) can handle a home renovation IF you take the right steps and follow our suggestions.

In This Episode We Cover:

Should you EVER buy a house with unpermitted renovations? And how to get permits retroactively

How to analyze your first rental property (or house hack) to make sure it’ll pencil out

Building a scope of work (SOW) so you have a bullet-proof renovation plan

How to check in on your home renovation if you’re investing from a distance

The one contract contingency to add IF you’re worried about renovations the seller made

And So Much More!

Links from the Show

BiggerPockets Real Estate 1103 - April 2025 “Upside” Update: Making a BIG Change to My Portfolio (Cashing Out)

Real Price of Gold

Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations

BiggerPockets Calculators

BiggerPockets Market Finder

Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust

Resource Hub

Ready for Your First Home Renovation? Grab “The Book on Estimating Rehab Costs”

How to Renovate a House—Whether You’re Renting, Flipping, or Moving In

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1107

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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The One True “Inflation-Proof” Investment (EVEN with Tariffs)

Wed, 09 Apr 2025 11:00:00 -0000

Inflation is eating away your net worth, and if you don’t do something about it, you could be worse off in the future. What’s the best inflation-proof investment to make in 2025? Which options will merely hedge against inflation, and which will beat inflation so you grow your wealth while prices are going up? With new tariffs potentially flaring up inflation again, every investor should be paying careful attention to this.

Dave did the math to find four inflation-proof investments that perform best over time. He even discovered how one of the most common “inflation hedges” could cost you real wealth over time and why buying a house in cash to save on interest could be the wrong move. If inflation is about to take away your spending power, where’s the best place to put your money?

Dave compared not only the nominal (non-inflation-adjusted), but also the real (inflation-adjusted) returns to ensure each of these assets is actually getting you a REAL return. Should you move your money into bonds, high-yield savings accounts, stocks, or stick to real estate? We’re sharing the analysis today.

In This Episode We Cover:

The most inflation-proof investments that will keep your wealth growing even with high tariffs

Why one common “inflation hedge” could be a massive mistake to invest in

Inflation-proof real estate investing and how to ensure you make a REAL return

Why rising home prices will NOT protect your wealth, even if you have paid-off houses

What to do if you have cash on you right now but want to make a return

And So Much More!

Links from the Show

BiggerPockets Real Estate 1103 - April 2025 “Upside” Update: Making a BIG Change to My Portfolio (Cashing Out)

Real Price of Gold

Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations

Get $100 Off Your Ticket to BPCon2025

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

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1106

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Buying ONE Rental Changed My Life: 4 Years Later, I Quit My Job

Mon, 07 Apr 2025 11:00:00 -0000

Just buy ONE rental property and watch your life change. Today’s guest was working multiple jobs, and a single property purchase allowed her to finally free up her weekends and regain some freedom in her life. The best part? She did it with just around $4,000, then repeated the process again and again, leading her to quit her demanding teaching job in just four years! Today, she’s describing exactly how she did it!

Deandra McDonald called a lender, expecting to get a preapproval for a home. What actually happened? They told her, “No. Come back when you have more money, better credit, and less debt.” She hustled for two years, saving, working more, and paying off debt. She finally secured a loan for her first property, a two-bedroom townhouse that would change her life forever.

Now, she’s a financially independent real estate investor, no longer tied to her teaching job, and investing in completely overlooked “rental properties” that produce killer returns and allow her to live job-free. These properties are still largely ignored, but Deandra says it’s not too late to take advantage of them and escape your W2 job, too!

In This Episode We Cover:

How getting just one rental property can lead you to financial freedom in under a decade

Why you CAN NOT give up when a lender tells you “no” for a home purchase

The overlooked rental properties that you can buy at a MAJOR discount

Why Deandra wants to pay off her mortgages instead of scaling to a huge unit count

The easiest way to start investing in real estate that requires the least money possible

And So Much More!

Links from the Show

Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations

Grab the Personal Finance Classic, “Rich Dad Poor Dad”

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

Connect with Deandra

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1105

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Housing Market Flips from Seller’s to Buyer’s Market in Much of the Country

Fri, 04 Apr 2025 11:00:00 -0000

The housing market is finally giving buyers a break. Home prices aren’t crashing, but many of them are dropping, or stagnating, as homes sit on the market and seller confidence drops, buyer control rises, and economic sentiment remains low. Americans aren’t feeling good about the economy, but this makes buying a home even better: lower mortgage rates, the ability to get seller concessions, and longer negotiation times put buyers in the driver’s seat. So, how should you take advantage?

Dave brought the entire expert investing panel from the On the Market podcast to the show to share what they’re buying, what they’re selling, and how they’re investing during this new buyer’s market.

Not every market in the US is experiencing a buyer’s market, but if you’re in one of the many major metros that is, we’re sharing how to take advantage of it. Fear means opportunity, and the opportunity is here. If you’re buying rentals, how does this affect your cash flow? If you’re flipping homes, when should you start dropping prices before your listing gets too stale? These investors are buying, selling, and managing rentals in THIS market and giving tips on the best moves to make.

In This Episode We Cover

Why the housing market is flipping back to a buyer’s market after years of aggressive competition

Asking for seller concessions and how to get a discount on your next deal

Why experts are loading up on properties that are priced right before the buyer demand returns

When it’s okay to break even on a rental property’s cash flow (and when it’s NOT)

Local data to look at now to see if you have more control as a buyer or a seller

And So Much More!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1104

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

April 2025 “Upside” Update: Making a BIG Change to My Portfolio (Cashing Out)

Wed, 02 Apr 2025 11:00:00 -0000

Over the past month, I’ve decided to make a big move that will greatly affect my real estate portfolio. This was a decision I made after seeing severe weakness in the market and realizing it was time to put my money where my mouth is. For months, I’ve been talking about the “upside” era strategy of real estate investing—the theory that now is a great time to buy as real estate is primed to experience significant upsides in the future, making investors rich. I’m doubling down on this due to market volatility—and in today’s episode, I’m sharing exactly where I’m putting my money.

I made a move that most investors would caution against, but I ran the numbers (many times) and am confident in what I decided to do. Part of my plan is to move money out of riskier assets with potentially lower returns and into assets that I’m confident will generate stronger returns. This is something EVERYONE (yes, even you) should be thinking about NOW to build long-term wealth in the future.

I’ve got two places I’m planning on putting the money from making this move. One will allow me to capitalize on future real estate deals, the other will guarantee me a minimum of a 6.5% return—and that’s just the floor of the return. I’m putting the “upside” strategy into play now, and if you’re feeling the same way about the economy as I am, you should, too!

In This Episode We Cover:

The big move I made and why I’m cashing out of some investments to fuel others

How I’m getting a guaranteed MINIMUM 6.5% return with this big investing move

Rental properties I’m looking for right now that have the highest “upside” potential

Three things every investor should do right now to ensure they capitalize on the “upside” era

Key indicators that the stock market is significantly overvalued (and what I did with my stocks)

And So Much More!

Links from the Show

BiggerPockets Real Estate 1066 - The “Upside” Era Explained

BiggerPockets Real Estate 1075 - 10 Hidden Ways to Buy Properties with Huge “Upside”

Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust

(00:00) Intro

(01:12) The “Upside” Era Begins

(04:12) The “Upside” Investing Strategy

(11:23) I Cashed Out

(15:12) Where I’m Moving Money

(17:25) What I’m Buying NOW

(23:44) 3 Things You Should Do

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1103

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Making $60K Per Month with the Repeatable, Low-Risk Real Estate “Formula”

Mon, 31 Mar 2025 11:00:00 -0000

Today’s guest makes $60,000 per MONTH the old-fashioned real estate investing way. He buys rentals you can find on any real estate listing site, uses his own money to invest, doesn’t need “creative financing” techniques to fund the deal, and treats his tenants well. This is a real estate portfolio anyone can repeat, and it has made Welby Accely a multimillionaire in just over a decade, even after he lost everything (three times!).

In a time when every real estate guru is trying to get you into the lowest-money-down deal with the most risk and the shallowest margins, Welby takes it the whole other direction. His simple offer “formula” allows him to buy properties under market value, fix them up, get them rented, and refinance out to create an “infinite return.” Basically the BRRRR (buy, rehab, rent, refinance, repeat) strategy, but EVEN safer.

How does he find rentals that are (almost) always worth more than what he pays for them? Welby says, “Every deal is a flip,” meaning if you buy rentals like a flipper would, your profit margins massively multiply, and you reap huge financial benefits. Welby is a REAL real estate investor, giving you a real strategy you can use in 2025, even with high interest rates. The question is, will you take advantage of it like Welby did?

In This Episode We Cover

Welby’s unbeatable “offer formula” to get discounted real estate deals with HUGE equity upside

Why Welby believes every investment is a “flip” and how it’s made him millions

How to find real estate deals ON-MARKET by simply browsing listing sites and activating notifications

Why Welby always puts more money down on his properties (and it pays him back BIG time)

What you can offer (that isn’t money) to get a seller to accept your bid

And So Much More!

(00:00) Intro

(01:32) NEVER Buy “Cheap” Real Estate

(03:54) Every Investment is a “Flip”

(06:13) ONLY Buy These Properties

(09:32) How to Find On-Market Deals

(15:29) The Easy Offer Formula

(18:02) Put MORE Money Down

(23:21) $4,300/Month Cash Flow (ONE Property)

(27:55) Offer More Than Money

(32:02) Follow Welby’s Formula!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1102

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Housing Market Shift: Inventory Catapults Back, Buying Opportunities Grow

Fri, 28 Mar 2025 11:00:00 -0000

Home prices are falling fast in some prime real estate markets across the country while others remain stubbornly stuck. What’s the defining factor between a stable housing market and one where sellers are actively cutting prices? Housing inventory! This metric defined the 2020 - 2022 run-up in home prices, but the rubber band of demand is snapping back as buyer power grows, housing inventory rises, and investors get even better buying opportunities.

Remember when people said, “I’ll buy when prices drop”? Well, now might be the time.

ResiClub’s Lance Lambert joins us to provide a holistic view of housing inventory, prices, demand, and emerging opportunities. Lance walks through the most up-to-date data on where housing inventory is rising fast, where prices are quickly declining, and which markets are holding on as sellers remain in control.

We’ll also talk about why homebuilding costs are about to JUMP and the reason Warren Buffett sold his homebuilding stocks shortly after buying them. Will construction slow down, limiting new inventory and leading us back into ultra-low supply? If so, this could push home prices higher, creating a prime opportunity for real estate investors.

In This Episode We Cover:

Is spiking inventory a worrying sign for the housing market, or are we merely normalizing?

What to look at in your housing market to forecast whether prices will rise or fall

Why are homebuilding costs about to JUMP, and could this lead to even more inventory problems?

The new housing trend: Older renters, but could this mean more demand for rentals?

And So Much More!

Links from the Show

ResiClub: The cost breakdown for constructing a single-family home in 2024

ResiClub: Did Warren Buffett see this coming? Homebuilder margins face pressure in 2025

ResiClub: The vanishing young homebuyer: Median first-time homebuyer age jumps from 28 in 1991 to 38 in 2024

Invest in Private Market Real Estate with the Fundrise Flagship Fund

Inventory Is Key to a Stable Real Estate Market—Will It Recover?

Join Lance’s Newsletter

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1101

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The Ultimate Underrated Rental Property of 2025 (for Small Investors)

Wed, 26 Mar 2025 11:00:00 -0000

What’s the best rental property for the average investor? It’s not a single-family rental, it’s not a large apartment building, it’s not even a duplex or a triplex—it’s a “sweet spot” small multifamily. These investment properties, ranging from five to 25 units, make more money, are easier to manage, and help you scale faster to achieve financial freedom. Even large multifamily investing experts like Brian Burke are ditching the huge apartment complexes to buy these.

But what makes these small multifamily investment properties so much better than their bigger and smaller counterparts? We’re discussing the massive investing opportunities in 2025 for these properties with Brian today and how new investors and those looking for a manageable portfolio can leverage these properties to reach financial freedom.

These types of properties are still experiencing low prices with limited competition, which means that if you know about them, you already have an advantage. How long do we have until multifamily prices rebound and these investments become out of reach for regular investors? How do you analyze a small multifamily property to ensure it makes you monthly passive income? Brian shares his wisdom and gives an exact timeline for when it may be too late to buy.

In This Episode We Cover:

The rental property “sweet spot” for more income and fewer headaches

Why it’s easier to own multifamily than single-family homes

The multifamily real estate crash and why prices are LOW right now

How to analyze small multifamily before you buy and which expenses most new investors forget

What makes a “good” small multifamily real estate deal in 2025

And So Much More!

Links from the Show

Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations

Grab Brian’s Book, “The Hands-Off Investor”

How to Buy a Small Multifamily Property (A Step-by-Step Case Study for Newbies!)

Connect with Brian

(00:00) Intro

(01:54) The Rental Property “Sweet Spot”

(04:31) Management is EASIER!

(07:36) It’s On SALE!

(10:53) How Long Will Opportunity Last?

(13:38) “Good” Deals in 2025

(17:48) How to Analyze Small Multifamily

(24:03) Can Small Investors Do This?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1100

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13 Rental Units with a “Rinse and Repeat” Investing Method

Mon, 24 Mar 2025 11:00:00 -0000

This investor built a multimillion-dollar real estate portfolio with low-money-down loans and little cash-to-close. Thanks to his smart “rinse and repeat” strategy, he’s quickly scaled from zero to 13 rental units in just four years, all while collecting thousands of dollars of cash flow a month. He would have never been able to get to this place if he hadn’t followed a strategy many investors are too scared to try.

Mike Johnson knew the best way to take bigger career risks was to have a backup plan. The ultimate passive income plan? Rental properties. But he didn’t want to put 20% to 25% down on each property he bought, so he started where many investors do—house hacking. Four years later, he’s continued his repeatable house hacking strategy, purchasing a new property every year, living in one unit, and renting out the others.

This has allowed Mike to build a portfolio worth $3.4 million in just four years while buying in B+ or A-class neighborhoods and taking home a healthy amount of cash flow. But he has dealt with his fair share of headaches—squatters, non-paying tenants, and a lot of purple paint. Mike still says investing has been a massive win for him, and you can repeat his same strategy!

In This Episode We Cover:

How to start investing in real estate with little money using the house hacking strategy

Why your primary residence IS an investment (and a phenomenal one at that)

The biggest mistake Mike made that led to him buying a property with a squatter in the unit

The new 5% down multifamily loan you can use to buy bigger, better, more expensive properties

The cash flow AND appreciation market Mike is bullish on (and keeps investing in)

When to self-manage vs. hire property management for your rentals

And So Much More!

Links from the Show

Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust

Mikes Instagram

Mikes LinkedIn

Save $100 on Real Estate’s Biggest Event of the Year, BPCon2025

Grab the Book “The House Hacking Strategy”

Download the “Should I Buy Points” Resource

Connect with Mike

Find investor-friendly tax and financial experts with BiggerPockets Tax & Financial Services Finder!

(00:00) Intro

(01:28) Investing to KEEP Working?

(03:32) First Deal with $19K Down!

(09:12) 3.5% Down 4 Unit!

(13:27) Worst Tenant Ever

(18:51) 3 More Units and Hiring Management

(23:32) $1.5M Property for $38K Down!

(23:41) SOCIAL - 38k cash for a $1.5m property

(28:14) Your Primary is the BEST Investment

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1099

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March 2025 Housing Market Update: Are Price Declines Coming?

Fri, 21 Mar 2025 11:00:00 -0000

The housing market saw significant “softening” in February, with inventory rising, demand shrinking, and buyers regaining more control while sellers find themselves in a tough position. Why is this happening now, especially as mortgage rates continue to dip? With recession fears and economic tensions running high, Americans worry what’s coming next, causing much of the economy to shift. With price declines already happening in some markets and more potentially on the horizon, when is the right time to buy?

We’re back with a March 2025 housing market update, going over what’s happening in the national housing market, which states are seeing the hottest (and coldest) housing demand, what’s going on with mortgage interest rates, and why the market is noticeably softening.

But the real question remains: How can YOU continue building wealth while others fear the worst? Is this your “be greedy when others are fearful” moment? Dave is giving his take and sharing how he’s tailoring his own investing strategy in 2025.

In This Episode We Cover:

Why the housing market is starting to noticeably “soften” in 2025

Hottest/coldest housing markets in the United States with the most/least inventory

Are price declines coming? Whether we’ll end this year with negative price growth

Why mortgage rates are dropping, but housing demand isn’t rising

Why real estate could be the “First In, First Out” investment of 2025’s wild economy

Whether or not now is the time to buy and what could cause a reversal of these worrying trends

And So Much More!

Links from the Show

Redfin Housing Market Data

ResiClub Housing Inventory Data

Consumer Confidence Index

Unemployment Claims Data

GDPNow

Invest in Private Market Real Estate with the Fundrise Flagship Fund

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

Find Investor-friendly Tax and Financial Experts

Will Mortgage Rates Fall Below 6%? Here’s What Could Trigger Low Rates

(00:00) Intro

(01:54) The Market is “Softening”

(03:19) Inventory is Rising

(07:48) Hottest/Coldest Markets

(12:22) Price Declines Coming?

(13:39) Mortgage Rates Are Dropping

(19:10) The FIFO Scenario

(26:11) Should You Buy NOW?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1098

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How to Unlock Your Home’s Hidden Passive Income Stream (ADUs 101)

Wed, 19 Mar 2025 11:00:00 -0000

There’s a hidden passive income stream in your basement, backyard, or garage, and only one investing strategy can unlock it. More and more homeowners and landlords are using this strategy to pay their mortgages, pad their pockets with cash flow, and increase their home values significantly. Of course, we’re talking about ADUs (accessory dwelling units), the rental properties that states are begging you to build, and you can do so right now with the home you already own.

To help you affordably (and profitably) build your first ADU, we brought on Derek Sherrell, AKA That ADU Guy, to give you the beginner steps to your first attached (or detached) investment. We’re walking through which properties have the best ADU opportunity, how much an ADU costs to build or convert, how much an ADU will make, how to fund and finance your first ADU, and how Derek builds an ADU from scratch in just 90 days!

Derek often makes an infinite return on his ADU investments, and he’s teaching you how to do the same! If you’re in an expensive state like California, Oregon, or Washington, this strategy is even more effective as you can collect more rent AND do so without local regulations slowing down your ADU progress!

In This Episode We Cover:

How much an ADU costs to build, and the wild returns Derek is making in 2025

The most affordable ADU conversion that will boost your property’s cash flow

Three crucial beginner tips when designing and building your first ADU

How to finance your ADU conversion/build and why Derek loves HELOCs

Best states for building ADUs and who to call BEFORE you decide to build

And So Much More!

Links from the Show

Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust

Save $100 on Real Estate’s Biggest Event of the Year, BPCon2025

Is Building an Accessory Dwelling Unit (ADU) a Worthwhile Investment

Derek's BiggerPockets Profile

Derek's Website

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1097

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Building HUGE Equity With 100% Hands-Off Investing

Mon, 17 Mar 2025 11:00:00 -0000

House flipping can make you wealthy. Everyone has seen the TV shows, podcast interviews, and the high-priced renovations, even in their own neighborhoods. But what if where you live is WAY too expensive to flip houses? The home costs are high, the labor costs are high, and underpriced, outdated homes are hard to find. Thankfully, you’re not out of luck. Today, we’re teaching you how to flip houses from a distance, even thousands of miles away!

Dominique Gunderson is currently flipping 12 houses from 2,000 miles away. Yes, it’s possible (and profitable), and Dominique has made it her full-time business. As a Los Angeles native, Dominique couldn’t afford anything in her home market, but through visiting family in New Orleans, she realized it was the perfect place to flip. So, she slowly started scaling a team that would allow her to be anywhere in the world while she ran her business.

In only her mid-twenties, she’s been able to build a team that takes care of the renovations and rehabs for her while she handles finding the deals and getting the funding. Today, she’s teaching you how to do the same: build your out-of-state team, scale the right way, and when (and how) to delegate so you don’t do all the work. She’s even breaking down her profit margins and revealing how much you can actually make flipping in affordable markets.

In This Episode We Cover:

How to flip houses anywhere (and FROM anywhere!) without doing the work yourself

How much long-distance flips can make you in 2025 (Dominique’s profit margins)

Building your boots-on-the-ground team to handle renovations for you

When to flip vs. hold and signs a flip should become your next rental property

The secret to scaling your team so you can do less work and make more money

And So Much More!

Links from the Show

Grab “The House Flipping Framework” Book

Invest in High-ROI Turnkey Rentals with Rent to Retirement or Txt REI to 33777

BiggerPockets Real Estate 587 - Full-Time Flipping (Out-of-State!) at 24 by Doing What Most Don’t Know w/Dominique Gunderson

Connect with Dominique

Find investor-friendly tax and financial experts with BiggerPockets Tax & Financial Services Finder!

(00:00) Intro

(03:35) Long-Distance…Flipping?

(05:28) Flipping 12 Houses at Once!

(07:52) Building Your Team

(12:49) First Deal and 2025 Profits

(19:13) Keeping Flips as Rentals

(22:06) Secrets to Scaling

(31:38) Keep it Small (But Scalable!)

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1096

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Scott Trench: How I'm Protecting My Money From “Irrational Exuberance”

Fri, 14 Mar 2025 11:00:00 -0000

Stock prices are falling, and Americans are fearful. Tariffs, trade wars, economic tension, and interest rates are putting pressure on asset prices. Commercial real estate has already crashed, but the worst may be yet to come. Home prices aren’t growing; in fact, small multifamily prices may even be declining. What should you do? We can’t provide financial advice, but Scott Trench, CEO of BiggerPockets, is revealing how he’s protecting his wealth in 2025.

A recession could be coming; we’re all aware of that. But what does this mean for real estate, stock, crypto, and gold prices? The “irrational exuberance” bubble seems to have popped after stocks hit wildly high price-to-earnings ratios, Bitcoin soared to six figures, and gold began a massive runup. Things are about to change very quickly.

Scott is putting his money where his mouth is, revealing the contrarian moves he’s making to his portfolio to keep his wealth growing during this increasingly volatile period. He’s giving his stock market prediction, interest rate prediction, and home price prediction and sharing where real estate investors should look for stellar deals as everyday Americans run away in fear.

In This Episode We Cover

Scott’s exact portfolio allocation: what he’s selling and what he’s holding NOW

The speculative bubble that could be very close to (if not already) popping

Will interest rates rise further despite market volatility?

The biggest buying opportunities for investors to score killer deals on investment properties

The critical risk to index funds that investors MUST be aware of

Could commercial real estate prices crash even more, creating substantial potential margins for investors?

And So Much More!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1095

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Pro’s Guide to Property Management: Work Less, Make More from Your Rentals!

Wed, 12 Mar 2025 11:00:00 -0000

Property management can make or break your real estate portfolio, and most new investors don’t know where to start. Do you hire a property manager or self-manage your rental(s)? How do you know a property manager will ensure your rental is performing instead of just collecting a monthly fee? Should you use a local property management company or a national chain?

The real question: who will make YOU more money and keep your rental on track with your goals?

Want to spot an average property manager vs. one that builds your wealth? Follow Selali Kalevor’s advice. He’s not only a property manager himself but an “upside” investor as well, who knows what it takes to make not only his clients' properties perform but also his own. He shares the key questions to ask ANY property manager and must-know tips for self-managing rentals.

Plus, Dave and Selali describe the one thing that makes a property manager a massive value to rental property investors, and if your manager can’t do this, you might as well find a new one.

In This Episode We Cover:

Crucial questions to ask a property manager to see if they’re worth the fee

Hiring a local vs. national property management company (and what to check before you hire them)

The type of “manager” that will make you more money with less stress

Signs that you should (or shouldn’t) be managing your properties yourself

The #1 most important factor when hiring a property manager

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Get Fast, Affordable Landlord Insurance with Steadily

Save $100 on Real Estate’s Biggest Event of the Year, BPCon2025

Grab the Book “The Self-Managing Landlord”

78 Questions To Ask A Property Manager Before Hiring Them

Connect with Selali

(00:00) Intro

(01:56) Becoming a Property Manager

(06:12) Picking a Property Manager

(11:09) Local vs. National Property Managers

(18:58) Best Managers Do This

(24:56) How to Self-Manage

(27:11) Know Your Property’s “Why”

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1094

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Financial Freedom in 11 Years Thanks to This “Perfect” Rental Strategy

Mon, 10 Mar 2025 11:00:00 -0000

Imagine getting paid to buy rental properties. Well, it’s more than possible, and today’s investor proves it. After spending months looking for the “perfect BRRRR” property, Jon Kessler stumbled upon it and, through a series of fortunate events, got paid $50,000 to buy a cash-flowing rental property. And guess what? This wasn’t a one-time occurrence. Jon repeated this strategy multiple times to build his real estate portfolio with little money and reach financial freedom in just 11 years!

So what is the “perfect BRRRR” strategy, and how can you repeat it to get paid at the closing table, just like Jon? Today, Jon is walking us through his decade-long real estate investing journey, starting with being tens of thousands of dollars underwater on his home in 2008 to getting paid to buy rental properties, building an off-market lead business, and eventually getting to his true goal: financial freedom and truly passive income.

Jon faced a LOT of ups and downs. He started with zero investing experience, had non-paying tenants, a home with negative equity, and built his real estate portfolio all while working a full-time job and raising kids. Think you can’t invest in real estate in your situation? Jon will prove you couldn’t be more wrong!

In This Episode We Cover:

The “perfect BRRRR” investing strategy that pays YOU to buy rentals

Financial freedom in just a decade and why it’s still more than possible

Why you should turn your primary residence into a rental property when you move out

Working with wholesalers and how to score super underpriced real estate deals

How Jon finds his off-market real estate deals and the method he uses to contact motivated sellers

100% passive income and what Jon is investing in now for more time freedom

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

PassivePockets

Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust

Grab the BRRRR Book

BiggerPockets Real Estate 1072 - How to Make More Passive Income with Fewer Rentals (& ACTUALLY Retire Early)

Connect with Jon

(00:00) Intro

(01:55) "Accidental” Landlord

(04:59) Buying His First True Rental

(08:05) Finding the BRRRR Method

(12:28) Getting Paid to Buy Rentals

(18:09) SUPER Underpriced Homes

(21:36) Finding Off-Market Deals

(25:06) Shifting to “Passive” Income

(29:00) 100% Passive Investing

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1093

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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The Overlooked “Upside” That Will Make Future Landlords Rich

Fri, 07 Mar 2025 12:00:00 -0000

Your rental properties are about to make even more money. There’s one often overlooked real estate investing “upside” that, over time, makes rental property investors and landlords rich without any extra effort. This is one upside that Dave is exceptionally bullish on and is one of the most compelling cases for rental property investing. It’s not home price growth, it’s not tax benefits, and it’s not zoning changes—it’s simple: rent price growth.

Rent has steadily grown throughout the history of the housing market and shot up at an extreme pace during 2020 - 2022. Now, the pendulum is swinging in the other direction as rents soften and tons of supply hit the market. But how far are we from going back to the days of solid rent growth? And with the new housing supply already starting to be absorbed, could we get to above-average rent growth again? We brought Chris Salviati from Apartment List on the show to share his team’s rent research.

Over time, your rental income will rise significantly while your mortgage payment stays the same, boosting your profits. So, where are rents poised to grow the most? Will we ever experience 2021-level rent growth again? And will 2025 be the year strong nationwide rent growth returns? We’re breaking it all down today so you know exactly where rents are headed next!

In This Episode We Cover:

Why “rent growth” is one of the most underrated “upsides” of real estate investing

The 2020-2022 rent price explosion explained and why rents skyrocketed

What has been keeping rent growth suppressed for the past few years

Markets with rent declines that could quickly reverse (significant buying opportunities)

The property classes (A/B/C/D) experiencing the most rental demand (it’s NOT the nicest ones!)

Multifamily vs. single-family rent trends and whether new apartments drive down home rent prices

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Apartment List Research

Rent Prices Are “Guaranteed” to Increase Over the Next Two Years—Here’s Why

Grab The Apartment List Research Or Email research@apartmentlist.com

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1092

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Will Mortgage Rates Fall Below 6%? Here’s What Could Trigger Low Rates

Thu, 06 Mar 2025 12:00:00 -0000

Mortgage rates have hit a new low for 2025, hovering around 6.75%, down from their peak of 7.25%. This is serious interest rate relief for homebuyers, real estate investors, and anyone getting a mortgage. But will mortgage rates fall even further in 2025? A new article from HousingWire’s Logan Mohtashami suggests that even more rate relief could be on the way, but not without a series of caveats.

To give our take, we’re bringing you a bonus episode where Dave breaks down Logan’s argument, gives his opinion on the hypotheses, and reveals what would have to happen for rates to drop into the low sixes, maybe even into the five percent range! With bond yields ticking down and recession fears mounting, mortgage rates seem poised to improve compared to the past couple of years.

Will we have to see economic pain before rates lower? Could rates go back up, even higher than before, if positive economic news emerges? Dave is breaking down both his own predictions and Logan’s in this bonus episode.

In This Episode We Cover:

Today’s mortgage rates and why we’re hitting 2025 lows

Two factors that influence mortgage rates and where they both stand now

The bond yield “spread” and how its improvement could keep rates low

What has to happen for rates to fall even more, and why it’s not all good news

Could mortgage rates get BELOW six percent in 2025?

And So Much More!

Links from the Show

Do mortgage rates have room to drop lower?

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

Mortgage Rates Hit 2025 Low as Recession Fears Rise

Read Logan’s Article, “Do mortgage rates have room to drop lower?”

(00:00) Intro

(02:05) Why Mortgage Rates Are Falling

(03:18) Will Mortgage Rates Fall Further?

(05:49) What This Means for Investors

(07:02) The Mortgage-Bond "Spread"

(10:18) What Will Cause Lower Rates

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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BRRRR for Beginners: How to Build Massive Wealth with This “Dead” Strategy

Wed, 05 Mar 2025 12:00:00 -0000

The BRRRR strategy is arguably the fastest way to build wealth with real estate. Just ask Leka Devatha, a Seattle-based investor. She’s got ONE BRRRR property this year that could make her $600,000 in profit. And that’s ONE home, not an apartment complex. So what is the BRRRR strategy, and why do so many investors write it off instead of trying it in 2025? Are they missing out? Absolutely!

BRRRR stands for buy, rehab, rent, refinance, repeat. The basic formula is this: buy a house that needs some improvement, renovate the home (to a scale you’re comfortable with), rent out the home to tenants now that it’s fixed up, and refinance it. Now that the property is worth more, you may be able to get the bank to pay YOU back your initial down payment and renovation costs due to the increase in equity. Then…repeat until you’re financially free.

How do you pull off a BRRRR in 2025 with high interest rates, high home prices, and rising renovation costs? Dave and Leka are walking through their own BRRRR deals, showing you how to successfully BRRRR and do it without using ANY of your own money (seriously!).

In This Episode We Cover:

The BRRRR strategy explained and whether it still works in 2025

Leka’s BRRRR deals making her up to $600K!

The best property types for BRRRRing to get more cash flow, higher appreciation, and bigger returns

How to use other people’s money (OPM) to fund your BRRRR investments

The “DADU” strategy that could skyrocket your home price with one savvy addition

And So Much More!

Links from the Show

Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust

Save $100 on Real Estate’s Biggest Event of the Year, BPCon2025

Grab the BRRRR Book

What is the BRRRR Method & How to Use it to Invest in Real Estate

Connect with Leka

(00:00) Intro

(03:42) BRRRR Strategy Explained

(05:38) How to Boost Home Value

(08:47) BRRRRing with No Money

(12:50) Using Other People’s Money

(15:39) Refinancing Your BRRRR

(18:39) Real 2025 BRRRR Examples

(23:03) Best BRRRR Property Types

(26:08) The Secret to Finding Deals

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1091

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Scaling from 0 to 30 Deals (While Working 9-5) and Starting with $0

Mon, 03 Mar 2025 12:00:00 -0000

30 real estate deals in two years, starting with very little money, AND doing it all while working a nine-to-five? After listening to Tim Yu, you’ll have no excuse NOT to invest in real estate. He’s done it all: house hacking, creative financing, seller financing, lease-to-own, single-family, multifamily, house flipping, and everything in between to find the real estate investing tactic that worked best for his goals and his lifestyle.

After trying (and failing) house flipping, Tim was ready to give up on real estate entirely. It wasn’t until a house hack (renting out other units/rooms in your home) gave Tim the cash flow he needed that he decided to give real estate another shot. From there, he spent hours calling owners after work, sweating bullets on cold calls, and refining his real estate skills.

He’s been able to buy a house for truly ZERO dollars down, pick up profitable rental properties for as little as $3,000, and get seller financing terms that have made him six figures in just a year or so. Tim has tried every strategy, so you don’t have to, and if one of his tactics resonates with you, be like Tim and give it your all!

In This Episode We Cover:

The one loan that lets you buy your first property for ZERO dollars down

How to get squatters out of your property (fast) with “cash for keys”

Using seller financing to pick up real estate deals for just $3,000-$5,000

Tim’s personalized strategy for finding off-market deals and motivated sellers

The new type of rental property Tim is buying that makes $3,000+/month in cash flow

And So Much More!

Links from the Show

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

Grab the Book on Creative Finance, “Wealth without Cash”

8 Rentals in UNDER 1 Year: A Rental Property Financing Masterclass

Connect with Tim

(00:00) Intro

(01:43) BAD First Real Estate Deal

(05:51) $0 Down Cash-Flowing Rental

(09:24) Seller Financing with LITTLE Money

(14:49) Finding Off-Market Deals

(24:08) Moving Markets

(31:38) New Type of Rentals?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1090

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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How I Turned $9,000 into My Dream Home By "Level-Up" Investing

Fri, 28 Feb 2025 12:00:00 -0000

Can you afford your “dream house” right now? The one with the pool and the ocean views, space for the kids to run around, and a huge pantry. The secret nobody will tell you: you CAN afford your dream house right now—or at least you can afford the investment that will get you there. Just ask James Dainard, who took a $175,000 hoarder condo and turned it into what would eventually become his $8,500,000 dream house. You can do the same using his level-up strategy.

James only started with $9,000, which turned into multiple millions over the next fifteen years. He would buy a house, fix it, and trade it up for a better one, repeating this strategy five times until he reached the goal: a 9,000-square-foot luxury home in one of the priciest markets in America, Scottsdale, Arizona.

He made millions of dollars completely tax-free because of this live-in flip strategy that ANYONE can use to massively multiply their wealth and take them to their dream home. And maybe you don’t want an $8,500,000 mansion—that’s fine! It only took James three house flips to get into “dream home territory,” and you can do the same!

In This Episode We Cover:

How to use the live-in flip strategy to make tax-free millions and buy your dream home

Why buying the worst house in the best neighborhood can make you rich

Why your primary residence IS an investment…if you use it the right way

The real estate tax cheat code that lets homeowners make $500K in tax-free profits

How to renovate a home even if you have zero flipping or construction experience

Why it’s crucial to find a spouse who’s DTF (down to flip)

And So Much More!

Links from the Show

James’ Live-in Flip Story!

Watch the Trailer for Million Dollar Zombie Flips!

Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations

Find Investor-friendly Tax and Financial Experts

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

Is a Live In Flip Right for You? Here’s How to Tell

(00:00) Intro

(03:57) Best Investment? YOUR House!

(07:41) House 1 ($175K Condo)

(12:05) Pay NO Taxes on Profit!

(14:06) House 2 ($235K)

(19:09) House 3 ($890K)

(22:04) House 4 ($1.7M)

(26:22) Making $1.2M on ONE House!?

(28:10) House 5 ($8.5M Dream House!)

(31:44) Tips for 1st Live-in Flip

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1089

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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High-ROI “Value-Add” Renovations for Any Budget ($5K - $50K+)

Wed, 26 Feb 2025 09:00:00 -0000

Which rental renovations give you the biggest bang for your buck, turning a few thousand dollars of materials and labor into hundreds of more dollars of rent per month and tens of thousands more in home value? Today, we’re going through each tier of rental renovations: easy and cheap ($5,000 or under), moderately challenging and expensive ($25,000 - $50,000), and hard/pro-level ($50,000+). This will give you a roadmap of high-ROI rental renovations you can make right now to increase your property’s value and rent.

Why are these rental renovations (AKA value-add) so important right now? Because with so many investors and homebuyers sitting out of the market, you can take your pick of homes with overlooked potential and turn them into high-value investment properties. This not only makes tenants happier due to new renovations and upgrades but also gets you higher rents and wealth-building equity to boot.

We’ll start with some easy ones—painting, tiling, adding backsplashes, etc.—and work our way up to the pro-level renovations like adding square footage and turning a single-family home into a multifamily. Based on your experience, you can go either route, but both have enormous potential to turn your initial investment into a killer real estate deal.

In This Episode We Cover:

How to increase your property’s value (and rents) with high-ROI rental renovations

The easiest (and cheapest) upgrades to make that take little time

What to look for when buying a home for “value-add” and signs of money-making potential

The one appliance you should NEVER include in your rental property

The easy bathroom conversion that will massively boost your home’s equity

Pro-level rental renovations that could make you six-figures

And So Much More!

Links from the Show

Invest in High-ROI Turnkey Rentals with Rent to Retirement or Txt REI to 33777

The One Renovation Guaranteed to Increase ROI—No, It’s Not the Kitchen or Bathroom

(00:00) Intro

(03:53) $5,000 (or Less) Renovations

(12:06) Best Homes for Value-Add

(17:20) Worthless Renovations

(18:28) $25K - $50K Renovations

(20:21) Kitchen Renovation Worth It?

(24:33) BIG Renovations ($50K+)

(29:37) High Risk, High Reward Renovations

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1088

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Snowballing $20K into 10 Rentals by Doing What You (Probably) Won’t w/Gary Striewski

Mon, 24 Feb 2025 09:00:00 -0000

Would you sell your car, live without plumbing and electricity, and shower at the gym daily to build a rental portfolio? Now, would you do it while having one of the most prestigious jobs on the planet? If you said yes to both, you might as well be Gary Striewski, rental property investor, DIY home renovator, and, yes, host of SportsCenter.

Wait… the host of SportsCenter used a bucket as a bathroom while renovating? Yep, but he’s got a good reason for going through the struggle.

Working at SportsCenter has always been Gary’s dream job, but when 2020 hit, he knew he needed an alternative income stream. Real estate seemed like the obvious answer, but without much savings and only a car to his name he didn’t have many options to invest. So what did he do? Sold his car, downgraded significantly, and picked up a condo for $20,000 down.

Fast forward a few years—Gary has turned that first condo into a full real estate portfolio, including a private ski house that’s soon to be a short-term rental. He’s had evictions, DIY renovations where he lived without plumbing for months, and closings that didn’t go as planned, but with persistence and grit, he’s become an expert investor. Follow Gary’s tenacity, and you can, too!

In This Episode We Cover:

How Gary turned a $20,000 down payment into ten rental units and a real estate portfolio

Gary’s “value-add” renovation that 99% of people would never do themselves

A huge tenant mistake Gary made that will cost you if you repeat it

Why you should constantly evaluate selling your rentals, even if they’re performing well

Whether or not condos are worth it as starter real estate investments

Sports stars who (unsurprisingly) love real estate investing

And So Much More!

Links from the Show

Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations

10 Hidden Ways to Buy Properties with Huge “Upside”

Connect with Gary

(00:00) Intro

(02:19) 1 Condo to 9 Rentals!

(04:06) Base Hit First Deal

(08:56) A Big Tenant Mistake

(12:48) $60K Profit in 1 Year!

(19:17) Living Without a Toilet for a Deal?

(25:24) First Short-Term Rental

(30:04) ANYONE Can Do This!

(32:33) They Invest in Real Estate, Too!?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1087

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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The BRRRR Formula Has Changed (It Still Makes You Rich) | AMA (Ask Meyer Anything)

Fri, 21 Feb 2025 09:00:00 -0000

Think the BRRRR method (buy, rehab, rent, refinance, repeat) is dead because of high interest rates and rising home prices? Think again. We’re doing BRRRR deals right now that are making us cash flow and serious equity while most investors sit on the sidelines. But how do we FIND these money-making BRRRR deals? We’re sharing the new BRRRR formula in today’s episode, along with more questions and answers from the BiggerPockets Forums.

Besides uncovering our BRRRR secrets, we’re helping an investor scale from single-family rentals to multifamily rentals. This is a BIG jump, and there’s a smarter way to scale your way up to big, new-build multifamily buildings. Next, an investor finally sees the light, realizing cash flow ISN’T everything. He’s about to walk into a nice chunk of equity with his new property, but is the cash flow TOO low (should he worry)?

What were you thinking about when you were 18? Maybe you were stressing out about college applications or sleeping in until noon. One ambitious young investor wants to get his first rental at just 18 years old, but on this rare occasion, we advise against it. If you’re in his position, too, we’d recommend doing something else first. Finally, are “small towns” too risky to invest in? How small is too small? We’re getting into it in this episode!

Looking to invest? Need answers? Ask your question on the BiggerPockets Forums!

In This Episode We Cover:

How to BRRRR in 2025 and how Henry finds his undervalued real estate deals

The pitfalls of scaling from single to multifamily rentals and how to do it the right way

Is a low cash flow rental worth it for a five-figure equity gain once purchased?

How to start investing in real estate at a very young age (18 years old!)

Investing in small towns and how to see where the big companies are going first

And So Much More!

Links from the Show

Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations

Grab the BRRRR Book, “Buy, Rehab, Rent, Refinance, Repeat”

(00:00) Intro

(01:00) How to BRRRR in 2025

(09:03) Scaling from Single to Multifamily

(15:36) Low Cash Flow Worth It?

(20:09) Start Investing at 18?

(24:20) Buying in “Small” Towns

(31:13) Ask Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1086

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Making $200K/Year With the Least Amount of Rentals Possible

Wed, 19 Feb 2025 09:00:00 -0000

Don’t buy in good school districts. Always end your leases in winter. NEVER raise rents on a tenant.

In This Episode We Cover:

Dion’s small (but mighty) financial freedom-enabling real estate portfolio

Dion’s “binder strategy” that has tenants raise rents FOR you

Why Dion never has his leases expire in the summer (even though EVERYONE says to do this)

Buying in average school districts? Dion says DON’T buy near good schools (and he’s right)

The surprising reason why the “worst states to invest in” will make you the richest

And So Much More!

Links from the Show

Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust

Retire with FEWER Rentals with “The Small and Mighty Real Estate Investor”

Investor Spotlight: From USMC to FIRE With Just 5 Properties Featuring Dion McNeeley

Connect with Dion

(00:00) Intro

(01:42) Low Income, High Debt, Lots of Responsibility

(05:33) $21,000/Month Portfolio!

(08:20) Have FEWER Rentals

(11:51) 1. DON'T Raise Rents

(18:18) 2. End Leases in the Winter

(21:05) 3. DON’T Buy Near Good Schools

(26:45) 4. DON’T Diversify

(29:59) 5. DON’T Use LLCs

(32:29) 6. Buy in BLUE States

(37:30) 7. Value-Add Isn’t Worth It

(40:23) Be Like Dion!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1085

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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‘Building’ 7-Figure Wealth with ONE Very Lucrative Rental Property

Mon, 17 Feb 2025 09:00:00 -0000

Though only five years into his rental property investing career, David Rosenbeck is making a seven-figure wealth-building move. If it all pans out, he’ll be one million dollars (or more) richer, with a brand new investment property that’ll spit out $7,000 cash flow monthly! This is a DREAM real estate deal that any investor wishes they could get their hands on…but here’s the thing: anyone can do this, and you can 'build' your own deal from scratch!

After making $100,000 in his first 18 months of investing, David knew he had a knack for real estate investing. He was a nurse practitioner and in no way wanted to give up his sizable six-figure salary, but he knew he wanted to scale his real estate portfolio in a big way. The problem? Deals are hard to come by, and David’s main strategy—medium-term rentals (renting to traveling nurses)—was getting saturated. So, he searched for something new and landed on a big opportunity: build his OWN short-term rental in one of the hottest destinations in the US but build it specifically to beat the competition.

He found the money and the dirt to build on and is off to the races—keeping his small portfolio while taking a big risk for a massive reward: a million-dollar equity upside if he pulls it off. Want to hear how you can create your own seven-figure opportunity? David is sharing, step-by-step, exactly how he did it!

In This Episode We Cover:

How David is ‘building’ a seven-figure equity-upside real estate deal

Using other people’s money to invest in real estate (and how to do it the RIGHT way)

How David scaled from zero to eight rentals in just three years

The bright side of short-term rental regulations and the market that David feels very confident in

How to find a builder/developer for your first new construction rental property (and vet them BEFORE you start!)

And So Much More!

Links from the Show

Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust

Save $100 on Real Estate’s Biggest Event of the Year, BPCon2025

Grab the Book “Raising Private Capital”

Real Estate Rookie 273 - Making $100K in 18 Months with “Misfit” Medium-Term Rentals w/David Rosenbeck

Connect with David Rosenbeck

(00:00) Intro

(01:44) Nurse Practitioner Turned Investor

(06:02) 8 Rentals in 3 years!

(09:34) Ditching Medium-Term Rentals for…

(14:27) Development Details

(16:48) Building the Perfect Property

(24:21) Finding Your Builder

(26:51) How Much He’ll Make

(30:34) Become a BiggerPockets Guest!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1084

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Feb 2025 Housing Market Update: Are Our Predictions Already Wrong?

Fri, 14 Feb 2025 09:00:00 -0000

The 2025 housing market has already defied most expectations, but a worrying “shift” could throw everything off track. Home prices keep rising in every major metro—even with interest rates stuck in the sevens. It seems that nothing can stop the wave of demand hitting home sellers even as affordability reaches lows we haven’t seen in decades. But what could be the housing market’s kryptonite—the one thing that could lead to lower prices and distress in the market?

Today, we’re giving you a Q1 housing market update with the latest data coming in from January 2025, sharing must-know metrics about home sales, prices, mortgage rates, buyer demand, and even mortgage delinquencies.

Is Dave already off on his 2025 housing market predictions? He could be, as housing has seen unexpected strength despite last year’s big election, inflation rising once again, and interest rates more than double what they were just a few years ago. Will we see mortgage rates (and prices) drop at any point this year? What’s the one thing that could flip this housing market? We’re getting into the mystery metric you MUST watch to know what’s coming next.

In This Episode We Cover:

A Q1 2025 housing market update: prices, rates, demand, inventory, and more!

One troubling metric that could spell pain for the housing market in 2025

The markets where inventory is exploding, but does that mean prices will fall?

Is there a chance that mortgage rates will drop this year, or has the Fed paused for good?

The often overlooked (and cheap!) real estate markets seeing sizable home price appreciation

And So Much More!

Links from the Show

Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations

Reserve Your Spot at BPCON2025 and Get $100 Off Your Ticket

New Tariffs Mean Much More for Mortgage Rates Than You Think

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1083

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Is NOW the Time to Get Back Into Airbnb?

Wed, 12 Feb 2025 09:00:00 -0000

Is now finally the time to get back into Airbnb investing? We all knew about the Airbnb bubble that formed shortly after lockdowns. With low interest rates and local vacationing exploding, everyone wanted to cash in on the short-term rental craze. The result? Inexperienced hosts flooded the market with half-baked Airbnb listings, leading to an oversaturation in vacation rentals and stricter short-term rental laws. But things are beginning to change.

Avery Carl, arguably the most knowledgeable short-term rental investor in the country and author of Smarter Short-Term Rentals, has NEVER sold a vacation rental due to poor performance. In fact, she’s stayed booked and busy while new short-term rental investors struggle to fill their units. How does she do it? And why does she think now is the time to double down on traditional vacation rental markets?

Avery gives her expert advice on where (and what) to buy, how to boost your Airbnb bookings even in crowded markets, and why you don’t need every amenity under the sun to attract guests. Plus, why are Airbnb bans a good thing? Avery shares why some investors will thrive while others fight to survive in the new short-term rental space.

Take advantage of the new Airbnb upside with Avery’s book Smarter Short-Term Rentals.

In This Episode We Cover:

Short-term rental market update and why Avery believes “stabilization” is here

Why newbies are too scared to get into Airbnb investing (and how you can take advantage)

Picking an Airbnb market and why you can’t follow the “top markets” lists

What to do if your short-term rental is underperforming and you can’t get guests

Are Airbnb bans a good thing? Which markets will benefit because of it?

And So Much More!

Links from the Show

Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust

Grab Avery’s New Book, “Smarter Short-Term Rentals”

How to Analyze a Short Term Rental Investment (The Enemy Method)

Connect with Avery

(00:00) Intro

(01:43) Short-Term Rental Market Update

(04:54) Newbies Scared Off?

(06:52) What to Buy Right Now

(09:52) Picking an Airbnb Market

(12:10) RELAX with the Amenities

(17:42) Is Your Airbnb Underperforming?

(23:57) Future of Short-Term Rentals

(27:45) Grab Avery’s Book!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1082

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Regular Investor Makes $1.5M by Recognizing This Rare “Upside” on Her Rental

Mon, 10 Feb 2025 09:00:00 -0000

Imagine making $1,500,000 on one regular real estate deal. We’re not talking about a huge apartment complex or commercial real estate investment. $1,500,000 on a single-family home purchase. How is that even possible? Dina Onur is more than a million dollars richer after spotting one rare real estate investing “upside” at the closing table. And the best part? She’s just a regular, everyday investor.

Dina runs her own home healthcare business and is a mom of three, but she decided, “I’m not busy enough; let’s start buying (and renovating) rentals!” So, that’s exactly what she did. Her clients routinely had houses to sell, so instead of passing them along to real estate agents she knew, Dina made the jump, buying a triplex to test her hand at rental property investing. She did a BIG renovation but created some serious sweat equity as a result. The next rental? Double the size—a six-unit investment property.

But, none of these compare to the one deal that is making her over a million dollars. This was such a rare find that Dina was offered hundreds of thousands of dollars over the asking price to sell it to other investors. She refused, and if you can find a property like hers, you too could make a seven-figure profit on your next real estate deal.

In This Episode We Cover:

How Dina made $1,500,000 on a real estate deal everyone else overlooked

Pulling yourself up from bankruptcy to rebuild your financial life

The one reason you ALWAYS check the zoning of a property before you buy

Why Dina refuses to invest in single-family homes and sees them as too risky

Using a HELOC (home equity line of credit) to fund your home renovations

Financing new construction and a sneaky way to get around the massive down payment

And So Much More!

Links from the Show

Save $100 on Real Estate’s Biggest Event of the Year, BPCon2025

Invest in High-ROI Turnkey Rentals with Rent to Retirement or Txt REI to 33777

Buy the BRRRR Book, “Buy, Rehab, Rent, Refinance, Repeat”

10 Hidden Ways to Buy Properties with Huge “Upside”

Connect with Dina

(00:00) Intro

(00:55) Young Business Owner to Bankruptcy

(02:17) Accidentally Finding Real Estate

(06:41) Finding Her First Deal

(09:29) Huge Renovations, But BIG Rewards

(17:12) Tearing Down Her House for This?

(20:12) Making $1.5M on One DEAL!?

(26:19) What's Next?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1081

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

How to Buy Your First Out-of-State Real Estate Investment (Step-by-Step)

Fri, 07 Feb 2025 09:00:00 -0000

Out-of-state real estate investing is making a comeback, becoming one of the best investing strategies of 2025. Why? Home prices in most coastal markets have exploded, forcing investors in pricey areas to look elsewhere for real estate deals that work. Thankfully, America is a big country with plenty of profitable real estate markets, so even if you’re priced out of your own area, you can still invest elsewhere.

So, how do you start? What should you do going into a new market as a new investor? Kathy Fettke is returning to the show as our resident long-distance real estate expert, showing you how to buy out-of-state investment properties in just a few simple steps. Anyone (and we mean ANYONE) can follow these steps to purchase a profitable property from a distance, even if it’s your first rental.

We’re giving you an exact roadmap of everything you need to know: how to choose markets, find deals, analyze them, get property management, and start renting them out even if you live thousands of miles away.

In This Episode We Cover:

How to pick an out-of-state investing market and whether you need to visit it first

Analyzing deals from a distance and key factors to get right (insurance, property taxes, and more)

How to buy a house sight unseen, EVEN as a beginner investor

The one type of rental property Kathy says you should buy for your first rental

What to tell a property manager as soon as you close on your first long-distance rental

And So Much More!

Links from the Show

BiggerPockets Market Finder

Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations

Grab the Book on “Long-Distance Real Estate Investing”

Should You Invest Locally or Long Distance?

(00:00) Intro

(01:31) Why Invest Out of State?

(05:51) 1. Pick (and Visit!) Markets

(11:00) Meet with Agents/Property Managers

(15:17) 2. Define a "Good" Deal

(17:16) Buy New/Turnkey?

(20:45) Know Your "Advantage"

(23:43) 3. Make an Offer

(27:47) How to Buy Sight Unseen

(30:18) 4. Close and Manage the Rental

(33:22) Reviewing the Steps

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1080

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

How to Capture the “Upside” in the 2025 Housing Market

Wed, 05 Feb 2025 09:00:00 -0000

How do you get higher rents, more appreciation, and bigger returns from real estate investing in 2025? It’s easy—copy the experts. They’re doing it over dozens of deals, so why not apply their same tactics to your properties? That’s precisely what we’re sharing in today’s episode—the “upside” tactics ANYONE can use on ANY investment property to create more cash flow, better equity upside, and make their future selves richer.

Last week, we discussed the ten different “upside” investing tactics you can use in 2025 to boost your real estate returns. Today, we’re walking through six of them, in-depth, with investing experts Ashley Kehr and James Dainard. Ashley has been investing in rentals for over a decade, seeing basic properties become home-run rentals over time. James has made millions of dollars flipping houses with HUGE “upside,” he’s teaching you how to do the same, even if you’re only buying rentals.

We’re walking through our favorite “upside” strategies and how to spot the properties that have multiple "upsides" for investors. Follow these steps, and in a few years, the properties you buy in 2025 could become your best investments yet!

In This Episode We Cover:

Why you CAN’T just focus on today’s rent prices/cash flow and how basic properties can become cash flow kings

The “rocket fuel” James used to explode his net worth and real estate portfolio

Hidden zoning opportunities that most homebuyers have no clue about (MASSIVE price appreciation potential)

How to pinpoint the “path of progress” so you know exactly where to buy

Why putting more cash down on a real estate deal is such an underrated move

And So Much More!

Links from the Show

The Best Markets to Buy Rental Properties Right Now (2025)

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

BiggerPockets Real Estate 1075 - 10 Hidden Ways to Buy Properties with Huge “Upside”

(00:00) Intro

(03:50) Make Your Future Self Rich

(05:07) Which Properties to Buy?

(09:20) 1. Rent Growth

(13:24) 2. Value-Add

(14:49) 3. Zoning Opportunities

(19:11) 4. More Equity, Less Debt

(22:14) 5. Path of Progress

(26:33) 6. Learning (and Earning)

(29:26) Find YOUR Upside

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1079

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The Repeatable “Stack” Method to Buy Rentals Faster (and with Less Money)

Mon, 03 Feb 2025 09:00:00 -0000

One of the most repeatable, scalable ways to build a real estate portfolio is using “The Stack” method. This investing strategy allows you to slowly scale your real estate using low-money-down loans, turning one down payment into multiple properties. It’s one of the smartest, safest ways to build wealth, but it’s almost been forgotten. Today, we’re talking to an investor reviving “The Stack,” using it to build an eight-rental real estate portfolio starting with just $15,000.

Like most investors, Connor Anderson had barely enough money to close on his first house, a condo. He scrounged together just $15,000 to buy his first property and immediately began to rent out the other rooms. But this was just the beginning for Connor.

Over the next few years, Connor slowly turned the rent savings from that one condo into a single-family house, a duplex, and now a fourplex, which he is still house hacking in. The best part? Those properties he used to live in are now cash-flowing rentals WITH equity, which he has used to buy more properties. This is “The Stack” method done the right way, and if you want to safely, slowly, and steadily grow your rental portfolio without a ton of money, this is how to do it.

In This Episode We Cover:

“The Stack” method and how to use it to build a rental portfolio with little money

Why you DON’T need to rush building a real estate portfolio to be successful

One investing area that both Connor and Dave are very bullish on

How Connor scored a zero-dollar-down, off-market duplex

Interest rate buydowns and other strategies to create cash flow in 2025

And So Much More!

Links from the Show

Maximize Your Real Estate Investing with a Self-Directed IRA

Grab the Book “The House Hacking Strategy”

The Stack: The Perfect Blueprint for Scaling Quickly in Real Estate

Connect with Connor

(00:00) Intro

(02:36) First Deal for $15,000 (Condo)

(08:23) Home Run Rental for 5% Down (House)

(12:03) Off-Market $0 Down Duplex

(17:36) The “Stack” Method

(23:20) “Turnkey” 5% Down Fourplex

(25:58) How to Find Cash Flow in 2025

(29:00) Best Area to Buy?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1078

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4 Cities Where You Can Live for Free in 2025

Fri, 31 Jan 2025 09:00:00 -0000

One of the best ways to “live for free” is a strategy almost every successful real estate investor uses at some point in their journey: house hacking. You’ve probably heard of it before—house hacking allows you to significantly reduce (or eliminate) your mortgage/rent payment, so your housing cost hits rock bottom or even zero. This helps you save more money every month, invest faster, and reach financial freedom after a short (but worthwhile) period of sacrifice.

Which US markets are best for house hacking, getting a great job, and paying next to nothing for housing? We’re presenting four of the best house hacking markets in the country, some of which you’ll probably be tempted to move to. These markets all have lower home prices but respectable wages, things to do, and great rents for you to collect.

Who better to judge these markets than the man who wrote The House Hacking Strategy, Craig Curelop? Data scientist Austin Wolff is pitching these four real estate markets to Craig and Dave as the house hacking duo votes on whether they’d move to that market to house hack or stay put where they are.

In This Episode We Cover:

How to reduce (or eliminate) your monthly mortgage/rent payment with house hacking

The different levels of house hacking (comfort vs. profitability)

What makes a market worthwhile to house hack in (it ISN’T just about the money)

A mountain biking capital with booming job growth and low home prices

A “smart-grid” affordable city close to two major markets

Great jobs, an excellent airport, solid schools, and strong growth from this underrated southern market

Buying a house for under $300K in this city with a sports atmosphere

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Grab Craig’s Book “The House Hacking Strategy”

The 10 Best Markets for Your First House Hack

Connect with Austin

Connect with Craig

(00:00) Intro

(01:57) What is House Hacking?

(05:11) Should You Move to House Hack?

(07:51) 1. Fayetteville, Arkansas

(11:59) 2. Chattanooga, Tennessee

(15:39) 3. Charlotte, North Carolina

(20:08) 4. Indianapolis, Indiana

(24:56) How to Start House Hacking

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1077

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How to (Legally) Reduce Taxes with Real Estate + Crucial New Trump Tax Plans

Wed, 29 Jan 2025 09:00:00 -0000

The clock is ticking to tax day, and you could be stuck with a big tax bill. Thankfully, if you own real estate, reducing your taxes is easy. Don’t know which write-offs to take? We brought CPA and real estate investor Amanda Han on the show to break down the most crucial tax-saving tips for real estate investors. Plus, she sheds light on President Trump’s tax plan, how it could significantly benefit real estate investors, and what changes to watch for.

If you’re not taking advantage of write-offs like depreciation or boosting your retirement with tax-deferred real estate investing, you could be missing out on tens of thousands, if not hundreds of thousands, in tax savings. Keep more money in your pocket come tax day by following Amanda’s tips (you don’t even need a CPA to take advantage of some of these!).

Will Trump bring back the holy grail of tax deductions—100% bonus depreciation? Could he make “SALT” (state and local tax) deductions uncapped so you can lower your federal taxes even more? What about the other “tax-free” income source that could become a reality in President Trump’s second term? Amanda is sharing info on all of it so you can pay less taxes, keep more of your hard-earned money, and invest faster!

In This Episode We Cover:

The one massive real estate tax deduction that President Trump could bring back soon

One real estate write-off every single investor should take advantage of NOW

How to use your retirement accounts to buy real estate (and defer your taxes!)

“SALT” deductions and how this could significantly reduce your federal income taxes

Do you really need a CPA to take advantage of real estate tax deductions?

And So Much More!

Links from the Show

Grab Amanda’s Books on Real Estate Tax Strategies

Invest in High-ROI Turnkey Rentals with Rent to Retirement or Txt REI to 33777

Find Investor-friendly Tax and Financial Experts

4 Real Estate Tax Strategies That Can Protect You From Inflation

Connect with Amanda

(00:00) Intro

(02:27) Huge Tax Savings of Real Estate

(08:05) DON’T Forget About This

(13:08) Investing with Retirement Accounts

(20:53) New Trump Tax Policies

(26:22) “SALT” Tax Savings

(31:37) Will Capital Gains Change?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1076

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10 Hidden Ways to Buy Properties with Huge “Upside”

Mon, 27 Jan 2025 09:00:00 -0000

If you don’t want to make money in real estate, skip this episode. If you hate the idea of having hundreds of thousands or millions of dollars in equity and six-figure passive cash flow in the not-so-far future, ignore the ten strategies we’re sharing today.

When followed, these ten tactics will help you buy real estate deals with phenomenal “upside” potential in markets that most investors overlook but will WISH they bought in within a few years. Anyone can use this information to unlock the “upside” in whatever market they choose to invest in, but they aren’t obvious.

You’ve probably been told the opposite of the advice we’ll give you today. But here’s the thing: the housing market has CHANGED. In 2025, those 2015 strategies will not work. To unlock the “upside” potential that will lead only savvy real estate investors to generational wealth, plentiful passive income, and serious returns, you must shed the old ways and embrace the new strategies. That’s why Dave is outlining the ten strategies he would use to find hidden “upside” in the 2025 housing market and sharing how he’s doing it (right now!) with some of his properties.

In This Episode We Cover:

Ten ways to unlock the hidden “upside” in your next real estate deal (make MORE money!)

How to “design” a real estate deal BEFORE you buy it (this is a BIG change)

Four "upside" fundamentals to follow if you want to buy the best deals in the best areas

How Dave boosted his cash flow and secured a rental in an appreciating area by using his “upside” tactics

Why day one “cash flow” is NOT as important as it used to be (this could be costing you deals!)

And So Much More!

Links from the Show

Maximize Your Real Estate Investing with a Self-Directed IRA

Buy Dave’s Book, “Start with Strategy”

The State of Real Estate Investing: What You Need to Know for 2025

(00:00) Intro

(01:37) Deal Design

(03:06) The “Upside” Fundamentals

(07:36) Dave’s Real “Upside” Example

(09:50) Dave’s 2025 “Upside” Strategies

(17:56) 5 More “Upside” Tactics

(23:25) Follow the “Upside” Formula!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1075

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The Best Markets to Buy Rental Properties Right Now (2025)

Fri, 24 Jan 2025 09:00:00 -0000

New to real estate investing? Stuck in an area with expensive housing prices or not-so-landlord-friendly laws but want to buy real estate? We’ve got you covered. We’re sharing our favorite 2025 real estate markets for rental property investing, many of which are so affordable even a real estate rookie will have no trouble buying in. But these aren’t just cheap markets; they all have strong fundamentals that drive appreciation and rising rents.

We brought the market-picking experts, Ashley Kehr and Henry Washington, back to the show to share their picks and see how they compare to Dave’s. We’ve got “sleeper” markets that are growing but fly under the radar, a new Midwest manufacturing hub that will soon become one of America’s most prized chip-building markets, and the next boom city with great jobs and even better cash flow.

Then, we’ll share bonus affordable markets for those who don’t have much money to start. Got some more cash saved and looking to buy in a big city with big upside potential? We’re listing the three big cities we’d happily call home and invest in, with phenomenal housing market metrics and much more affordable prices than New York, Seattle, and the other “big” real estate markets.

In This Episode We Cover:

The best rental property markets of 2025 that sport appreciation, cash flow, and affordable prices

Why Henry thinks this “unsexy sleeper” market could be a phenomenal place to buy

The chip-manufacturing Midwest market that could see massive growth

One market with a booming economy but still very affordable home prices

The “big” cities we’d buy in that are poised for growth and home price appreciation

How to find the perfect market for YOU to invest in (free data on HUNDREDS of markets)

And So Much More!

Links from the Show

Ashley’s Free Market Worksheet

Free Market Data

Join the Future of Real Estate Investing with Fundrise

Real Estate Podcast 1007 - Where We’d Invest in Real Estate in 2024 if We Were Starting from Scratch w/Ashley Kehr and Henry Washington

(00:00) Intro

(04:18) Best “Sleeper” Markets

(09:29) The Next Tech Market

(14:28) Midwest Boom Market

(18:56) Most Affordable Markets

(21:46) Best Big Cities to Invest In

(27:04) How to Find YOUR Market

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1074

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The Opportunity is Coming in Commercial Real Estate (How to Take Advantage)

Wed, 22 Jan 2025 09:00:00 -0000

The multifamily and commercial real estate crash seems to be nearing its end, which means some incredible buying opportunities are on the way. Big apartment owners have been decimated after their occupancy rates dropped, interest rates shot up, and loans got called due. But when prices fall and the masses turn away from an asset, it’s usually time to buy, and 2025 could be one of those times for commercial real estate.

But YOU don’t have to be the one to go out and find the deal yourself, do all the renovations, and deal with tenants—you can invest all while someone else does it for you. That’s exactly what today’s guests, Jim Pfeifer and Paul Shannon from the PassivePockets podcast, are on to talk about. They see coming opportunities to invest in multifamily real estate deals passively and will teach you exactly how to do it.

Both Jim and Paul previously owned rental properties but moved over to real estate syndications, a passive real estate investment, as they grew. Now, they can have someone else do all the work for them while they reap the benefits. The best part? 2025 is looking like an opportune time to get in on investments like these, as many of the inexperienced syndicators have fled the market. Still, the veterans remain, ready to buy underpriced assets and pass the profits on to you!

In This Episode We Cover:

Why the historic commercial real estate crash could be close to over

Real estate syndication investing 101 and how to invest without the stress of landlording

Better, safer multifamily real estate deals that are coming to the market

How to analyze a passive real estate investment AND the syndicator running it

What to ask any syndicator before you invest in their deal (this is crucial)

And So Much More!

Links from the Show

Maximize Your Real Estate Investing with a Self-Directed IRA

Grab the Book on Passive Investing, “The Hands-Off Investor”

Invest Smarter with PassivePockets

Connect with Jim

Connect with Paul

(00:00) Intro

(03:53) The Multifamily Crash Explained

(06:48) Has Multifamily Hit the Bottom?

(11:16) Investing Opportunities Coming?

(13:17) How to Take Advantage

(20:58) Analyzing a Deal/Operator

(28:02) Massive Passive Investing Benefits

(32:31) Join PassivePockets!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1073

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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How to Make More Passive Income with Fewer Rentals (& ACTUALLY Retire Early) w/Chad Carson

Mon, 20 Jan 2025 09:00:00 -0000

Want to retire early? Then, STOP buying rental properties. You heard that right; buying more rental properties may actually push you further away from early retirement IF you’ve crossed a certain threshold. Today’s guest proves you don’t need dozens of rental properties to reach financial freedom. Chad Carson, the “small and mighty” investor, is back to share why he scaled down his rental portfolio and now only works two hours a week because of it!

Don’t know Chad? He’s the investor who did it right. After building a real estate business way too big for his liking, he and his partner thought, “Is this the life we dreamed of?” It wasn’t, so they began scaling down, only keeping the properties they loved and selling the rest. Now, Chad does what he wants full-time, including traveling the world and living abroad with his family, coaching other investors, and spending a fraction of his waking hours on his rental property portfolio. This is an investor who has actually retired early with real estate.

Want to copy Chad’s blueprint to financial freedom in just ten to fifteen years? He’s sharing the three “phases” every investor goes through, including the most important one—the “harvesting” phase that allows you to retire early. How do you get to the “harvest” after all your hard work, and what should you do once you get there to unlock ultimate financial freedom? Chad is sharing it all, step-by-step, in this episode.

In This Episode We Cover:

How to retire early with fewer rental properties than you’d think

The three “phases” of financial freedom investing (and how long it’ll take to retire early)

How to start building your real estate portfolio even if you have no money or experience

Why cash flow is far less important than you think when building a rental portfolio

Why Chad sells some of his successful rental properties to pay off others (this is a cheat code!)

Three tools you can use to start “harvesting” your portfolio and retire early

And So Much More!

Links from the Show

BiggerPockets Money Podcast

Set for Life by Scott Trench

Zeckendorf: The autobiography of the man who played a real-life game of Monopoly and won the largest real estate empire in history

Find Your Next Real Estate Deal with PropStream

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

BiggerPockets Real Estate 1004 - How to Retire Early with Fewer Rental Properties Than You Think w/Chad Carson

Connect with Chad

(00:00) Intro

(01:52) Financial Freedom, Not Just Getting Rich

(05:09) The "Harvesting" Phase

(09:51) 3 Phases of Financial Freedom Investing

(18:32) How to "Grow" the Right Way

(24:29) What About Cash Flow?

(26:58) How to Start "Harvesting"

(33:55) Consolidating Your Portfolio

(36:32) Spending Your Time Freedom

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1072

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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The Macro Analysis is Clear: Why We Are Reallocating (Away From Stocks) to Real Estate in 2025

Fri, 17 Jan 2025 09:00:00 -0000

Is it a good time to invest in real estate? Yes, and we have proof that real estate may be underpriced, even as we hover around the most expensive average home prices in history. How can real estate be undervalued when prices are at historic highs? Dave is sitting down with Scott Trench, CEO of BiggerPockets, who has condensed ten hours' worth of research into one episode to prove to you that, without a doubt, real estate will be winning over the next few years. Plus, he’s about to make a BIG financial bet on it.

We’ve been talking a lot about entering the “upside” era recently—the new cycle of real estate investing—and wanted Scott’s take on it, too. He has invested in real estate for over a decade, reached financial independence through rental properties, and has been openly critical about multiple sectors of the real estate industry over the past few years.

Today, Scott makes a compelling case for real estate as a better investment than stocks, crypto, or gold. Some specific real estate niches could see prices drop even more, making 2025 (and 2026) phenomenal opportunities to buy. Make your choice: tune into this episode and build wealth while others sit on the sidelines or wish you had done so in a few years.

In This Episode We Cover:

Why residential real estate may actually be undervalued in 2025

One sector of real estate with enormous buying opportunities nobody is noticing

Scott’s MASSIVE real estate bet and why he’s selling much of his stock portfolio

Where interest rates will be in 2025 and whether they could rise even more

Rental housing demand and the almost irrefutable case that rent prices will rise

Why Scott believes Bitcoin will be going to $0 in the long term

And So Much More!

Links from the Show

BiggerPockets Money Podcast

Rent Growth

Treasury Yields

Real Median Household Income

Median Sales Price of Houses

S&P 500 Ten-Year Returns vs. S&P 500 P/E

Join the Future of Real Estate Investing with Fundrise

Grab Scott’s Book, “Set for Life”

The Rational Investor’s Case Against Bitcoin

Connect with Scott

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1071

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Should You Pay Off Debt or Invest in Real Estate? (Follow This Rule) | AMA (Ask Meyer Anything)

Wed, 15 Jan 2025 09:00:00 -0000

Can’t figure out how to buy multiple rental properties a year with your current income? Wondering whether you should get rid of your student loans before buying your next property? Maybe your market is too expensive, so is it time to go out of state instead? These are some of the most common questions we see on the BiggerPockets Forums, and today, we’re answering them so you can get to your next rental(s) faster, even if you’ve got debt and even if your home market is too expensive.

First, we’re explaining when and why we buy properties without ever seeing them in real life. Isn’t that a huge risk? Yes—if you do it the wrong way. Next, should you invest out-of-state if your home market is too expensive, and if you decide to do so, what should you know BEFORE buying a property well outside driving distance? Want to scale faster? We’re discussing purchasing multiple rental properties a year and when it’s time to grow your real estate portfolio.

Got student debt? You’re not alone! Henry had his student loans until recently and still heavily invested in real estate. But, if your interest rate crosses a certain threshold, we’d definitely recommend reconsidering real estate investing. Stay tuned; we’ll share when your debt is too much to invest.

Join BiggerPockets Momentum 2025 to supercharge your investing this year!

In This Episode We Cover:

How to buy multiple rental properties a year and when it’s time to scale

Paying off debt vs. investing and whether six-figure student loans are stopping you

Buying rentals sight unseen, the risks, and why we do it under certain circumstances

Out-of-state investing 101 and signs it’s time to leave your home market to invest elsewhere

Keeping vs. selling a negative cash-flowing rental property (and when to hold for equity)

And So Much More!

Links from the Show

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

(00:46) Buy Rentals Sight Unseen?

(06:03) Out-of-State Investing 101

(10:59) Ask Us Questions LIVE!

(12:37) Buy 2 Rentals in 1 Year?

(16:12) Invest While in Debt?

(21:46) Keep Negative Cash Flow Property?

(27:03) Post Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1070

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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The Financial Freedom Formula Has Changed (2025 Update)

Mon, 13 Jan 2025 09:00:00 -0000

Can you still achieve financial freedom with real estate investing? Around a decade ago, it was common knowledge that with a few rental properties, you could easily replace your income, retire early, and be fast-tracked to financial independence within just three to five years of investing. Is that possible anymore? How long will financial independence actually take if you start investing in real estate in 2025? And if you feel like you’re almost there, should you quit your job and dive head first into real estate?

We’ve got two financially free investors on the show, each taking different paths to get there. Dave kept his full-time W2 to pay for his more passive real estate investments, while Henry quit his job to buy rentals and flip houses full-time. Would they both be okay if they lost their “active” income today? Yes! But they STILL choose to work to build the dream life that goes far beyond basic financial freedom.

Today, they’re sharing how the financial freedom formula has changed, what you need to do to get on the path to financial independence/early retirement in 2025, and whether you should stay at your W2 while you build your rental portfolio or quit your job to pursue real estate full-time. The good news: financial freedom through real estate is still a significantly quicker route to retirement, but which path will you choose to get there?

In This Episode We Cover:

What “financial independence” really means and how long it will take for you to get there

The cash flow myth that most new real estate investors believe (this could hurt you later!)

Full-time real estate investing vs. keeping a nine-to-five and why you NEED “active” income to scale fast

What to know about full-time real estate investing BEFORE you quit your job

And So Much More!

Links from the Show

How to Retire Early with Fewer Rental Properties Than You Think w/Chad Carson

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1069

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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J Scott: We’re Due for a Recession, But It Isn’t All Bad for Real Estate

Fri, 10 Jan 2025 09:00:00 -0000

Will mortgage rates remain above seven percent in 2025? Are we closer to a recession than most Americans realize? Why does it feel like this economic cycle of high rates and a struggling middle class will never end? The biggest question is: What do all these factors mean for real estate, and should you still be investing? We brought on the man who literally wrote the book on Recession-Proof Real Estate Investing to give his 2025 outlook.

J Scott has flipped over 500 homes, manages and owns thousands of rental units, and has been involved in tens of millions of dollars in real estate transactions. He started investing in 2008; he’s seen the worst of recessions and the highest of pricing peaks. We brought him back on the show as our industry expert to provide his time-tested take on what could happen in 2025 and share his economic framework for forecasting what’s coming next.

J says we’re long overdue for a recession—and the red flags are popping up more frequently. While signs of a global recession loom, J explains what this means for mortgage rates and home prices and why now might still be the time to invest.

In This Episode We Cover:

Why J believes we’re closer to a global recession than most people think

New Trump presidential policies that could have huge impacts on inflation (and mortgage rates)

Whether mortgage rates will stay in the seven percent range EVEN as the Fed lowers rates

The broken economic “cycle” we find ourselves in and the only way to fix it

Could home prices correct/crash if mortgage rates finally do fall?

And So Much More!

Links from the Show

Principles: Life and Work by Ray Dalio

J's Newsletter

Join the Future of Real Estate Investing with Fundrise

Grab J’s Top Real Estate Investing Books

Read the Latest Blog Posts from J

Connect with J

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1068

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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The Easiest Way to Invest in Real Estate This Year

Wed, 08 Jan 2025 09:00:00 -0000

There is an easier way to invest in real estate in 2025. It doesn’t require a ton of money or experience; anyone can do it (even a complete beginner), and it’ll lead to you having more money, more passive income, and a bigger bank account. Successful real estate investors agree: this is a “cheat code” to start investing in real estate in 2025.

What are we talking about? It’s not short-term rentals or buying apartment complexes; it’s actually extremely simple—house hacking. Both Dave and Henry used this low-money down, high-impact real estate investing strategy to grow their portfolios to be worth multiple million dollars. It’s the BEST way for a beginner to get into the real estate investing game and allows you to buy properties with just a fraction of a regular down payment.

We’re so convinced that it’s the best bet for beginners that we’re bringing on the BiggerPockets Real Estate Podcast producer Ian Kay, a complete real estate beginner, to walk him through how to use this exact strategy to start his real estate portfolio. We’ll break down the numbers to show how one smart investment can fund your dream home and leave you tens of thousands richer. Ready to invest in 2025? Then don’t sleep on house hacking!

In This Episode We Cover:

The easiest, most beginner-friendly way to start investing in real estate in 2025

One simple investing mistake that could cost you $60K+ (and how to avoid it)

The steps you should start taking NOW to get your first investment property in 2025

How to analyze a house hack and crucial metrics to check BEFORE you buy

In analysis paralysis? This is what to do NOW to get out of it and get closer to your goals

And So Much More!

Links from the Show

BiggerPockets Deal Finder

Grab the Book on House Hacking, “The House Hacking Strategy”

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

Connect with Ian

(00:00) Intro

(02:20) Want to Start Investing?

(04:54) What Do YOU Want to Achieve?

(08:23) House Hacking (Easiest First Investment)

(18:42) Analyzing a House Hack

(23:40) What to Do RIGHT NOW

(32:59) Stuck in Analysis Paralysis?

(34:13) Next Steps

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1067

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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The State of Real Estate Investing: What You Need to Know for 2025

Mon, 06 Jan 2025 09:00:00 -0000

The opportunity coming for real estate investing in 2025 is almost unimaginable. A decade from now, if you buy right, you’ll be looking back thanking yourself for planting the seed of financial freedom, generational wealth, and an early retirement. This isn’t just hype or hope because we’re real estate investors—all the data points to one thing: real estate is the best investment of 2025 and will continue to be so throughout the next decade.

This show is a bit different. Dave has done months of research to give you the single strongest case for real estate investing in 2025 and beyond. Don’t believe real estate is the best place to park your money? Listen to this episode and see whether Dave gives the most convincing argument you’ve ever heard for buying investment property.

This new era is brimming with “upside,” so much so that we’re calling this the “Upside Era,” a new dawn for real estate investing that will lead you to financial freedom in fifteen years (or less), get you to your financial goals, and leave you better off than any of the other investments around, whether that’s stocks, bonds, or crypto.

Don’t delay. The “Upside Era” starts now. The only question is, will you be part of it?

In This Episode We Cover:

Why real estate is still the single greatest asset for achieving financial freedom

The reason why 2025 is a prime time for investing in real estate

Whether the high cash flow and easy deals of the 2010s will ever return

Data pointing to home prices and rent prices rising well into the future

Dave’s ten core principles to follow that will lead you to wealth in the “Upside Era”

The best resource on the planet to get free information on real estate investing

And So Much More!

Links from the Show

Real Estate Investing For Beginners: How To Get Started

(00:00) Intro

(02:23) The Case for Real Estate

(03:11) 1. Financial Independence

(06:37) 2. Huge Demand for Housing

(08:31) 3. Market Stability

(09:24) 4. Income Replacement

(10:13) 5. Diverse Returns

(10:49) 6. Stock Market Hedge

(11:43) 7. Inflation Hedge

(12:25) 8. Tax Advantages

(12:55) 9. Valuable Service Provider

(13:46) “It’s Not as Good as Before!”

(17:19) The "Upside" Era Begins

(20:48) What to Know for 2025

(27:02) Thrive in the "Upside" Era

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1066

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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It’s About to Get Good! (2025 Housing Market Predictions)

Fri, 03 Jan 2025 09:00:00 -0000

Today, we’re releasing our 2025 housing market predictions, and let’s just say we’re feeling optimistic about the future. Many of you may have been waiting for a housing crash or correction. But where is it? In short, it never happened. Home prices kept climbing, rent prices finally stabilized, and mortgage rates stayed at eye-watering highs. What’s coming next for the 2025 housing market? Are things about to get better (or worse) for homebuyers and real estate investors?

This is when Dave takes out his crystal ball (federal housing data and spreadsheets) to predict what’s to come in the new year. He’s giving his full forecast on three crucial topics, home prices, mortgage rates, and rent growth, and explaining his predictions and reasoning behind them. If Dave is correct, it may be a good year for real estate investing. Don’t believe us? Stick around!

Coming up after this episode, Dave is piggybacking off of these predictions to show you why real estate could be the single greatest investment in the coming years. If you’re on the fence about buying a home or investing for the first time, this data-driven episode could get you out of analysis paralysis!

In This Episode We Cover:

Why 2025 is already shaping up to be an excellent year for real estate investors and homeowners

Dave’s 2025 mortgage rate range and whether we’ll see some interest rate relief

The reason why home prices could still grow even with so many potential homebuyers sitting on the sidelines

Are foreclosures and mortgage delinquencies a threat to the housing market?

Why 2026 could be the year everything changes for rent prices (and what to expect in 2025)

And So Much More!

Links from the Show

Get Ready to Invest with Dave’s Book “Start with Strategy”

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

The House Flipping Framework

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1065

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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The 2025 Housing Market is Here! (What to Watch Starting NOW)

Wed, 01 Jan 2025 09:00:00 -0000

Welcome to the 2025 housing market! It’s a new year, and if you’re ready to invest more, get closer to financial independence, or finally find and buy your first home, we’re here to help.

We’ve got BIG plans for 2025 and are watching some key economic indicators to help us decide what to do next. But we have already zeroed in on a few investments we’re eager to invest in. Curious about where we’re putting our money in 2025? We’ll share exactly where—and why!

We’re recapping our 2024 progress and giving you tips on what to buy based on your goals. Some of us are scaling down this year while others are scaling up, but we all have the same advice for someone who wants to get into the real estate investing game. If you follow this simple, repeatable path we’re laying down, you’ll be investing in no time.

Don’t let 2025 pass you by! You could regret sitting on the sidelines! Tune in, take notes, and let’s get wealthier together this year!

In This Episode We Cover

The easiest way for beginners to start investing in real estate in 2025

Key economic indicators we’re watching during the 2025 housing market

What strategies we’re switching up in 2025—and what won’t work this year

How to invest based on your goals and whether you should prioritize active vs. passive income

Our 2025 goals: how many properties we’ll buy, flip, or test with new strategies

And So Much More!

Links

Scaling Smart

Start with Strategy

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1064

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Late Start, Early Retirement: A Step-by-Step Fast Track to FI

Mon, 30 Dec 2024 09:00:00 -0000

Got a late start on your retirement planning? Do you feel like you missed the boat and won’t be able to retire on your timeline? We’ve got good news for you in today’s episode—it’s never too late for retirement (and even EARLY retirement!). No matter what age you’re at, how much you have in the bank, and how much you make, you CAN retire on your terms, and our guests will prove it. The question is, will you follow through on their time-tested system for reaching retirement?

Bill Yount and Jackie Cummings Koski from the Catching Up to FI podcast are here to show you that whatever your situation is, you can get on track for retirement. Bill and Jackie both were late starters, only taking retirement seriously decades after starting their working careers. Even with their “late start,” Bill and Jackie were able to massively multiply their net worths and retirement savings, allowing them to reach financial freedom on their terms.

In today’s show, Bill and Jackie walk through the four steps that anyone can take to begin saving for retirement. You don’t need ANY money to take these initial steps, but doing so will change your entire financial future. Stick around for our next show as we get into the nitty gritty of retirement planning and put you directly on the path to retirement or early retirement!

In This Episode We Cover:

The four steps anyone can take to reach retirement

Why it’s okay to be a “late starter,” especially when it comes to retirement planning

How to do a “backward budget” to quickly and easily see how much you’re spending

Why you MUST look back on the financial “lessons” you’ve learned to build wealth now!

Getting clear on your goals and what you want to achieve so you can reach retirement

The “trifecta of mistakes” Bill made and how even that didn’t stop his financial freedom journey!

And So Much More!

Links from the Show

The BiggerPockets Money Podcast

BiggerPockets Money 314 - Finance Friday: How to Get to Early Retirement Even Faster

BiggerPockets Money 422 - The Late Starter’s Guide to Financial Independence (Even in Your 50s!) w/Bill Yount and Becky Heptig

BiggerPockets Money 527 - Retired at 49 on an Average Salary after Getting a “Late Start” to FIRE w/Jackie Cummings Koski

Catching Up to FI

Reach Financial Independence Faster with "Set for Life"

BiggerPockets Money 422 - The Late Starter’s Guide to Financial Independence (Even in Your 50s!)

Connect with Scott

Connect with Mindy

(00:00) Intro

(03:02) Late Start, Early Retirement

(07:49) Before You Can Start

(09:55) “Backwards” Budgeting

(19:12) Make a Plan

(30:41) Acknowledge Your “Lessons”

(35:20) Stick Around!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1063

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Were We Wrong About the Housing Market? (+ 2025 Predictions)

Fri, 27 Dec 2024 09:00:00 -0000

It’s what you’ve all been waiting for—our 2025 housing market predictions! We’re sharing where we think home prices, interest rates, and real estate will be over the next year. But we’re not just talking about 2025. We’re also going BACK and reviewing our 2024 housing market forecast, painfully detailing each part we got wrong and congratulating whoever got their predictions right. But how did top real estate companies like Zillow perform on their forecasts? Don’t worry; we’re rating their predictions as well!

Last year, some of us thought home prices would decline year-over-year, while others were confident we’d still see rising prices. We also had surprisingly accurate mortgage rate predictions, so does that mean we could be right for 2025, too? Stick around to find out! Plus, we’re sharing where we think will become the country's best real estate investing markets and naming the cities we believe have the best potential for building wealth!

In This Episode We Cover:

Updated 2025 housing market predictions and where home prices and mortgage rates could go

How we (and Zillow!) did on our 2024 housing market forecast (plus what we got WRONG!)

Real estate markets that have the most investment potential in 2025

Why we’re all becoming bullish on lower mortgage rates, EVEN with persistent inflation

Did we ever actually make it into recession territory in 2024?

And So Much More!

Links from the Show

Check Out "On the Market"

Grab James’ New Book “The House Flipping Framework”

2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities

Connect with Dave and Our Panel of Expert Guests:

(00:00) Intro

(04:10) Zillow's 2024 Predictions

(13:05) Home Prices

(16:06) Recession Risk

(17:56) Mortgage Rates

(18:56) Best Markets to Invest

(21:36) 2025 Home Price Predictions

(25:19) 2025 Mortgage Rate Predictions

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1062

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Real Estate Syndications 101: What To Know BEFORE You Invest

Wed, 25 Dec 2024 09:00:00 -0000

Want 100% passive income? As in no tenants, toilets, phone calls, or painting! You can get genuinely passive income through one type of investment—real estate syndications. Never heard of them before? You’re about to have your world flipped upside down because today, Jim Pfeifer, host of PassivePockets: The Passive Real Estate Investing Show, is on to walk you through real estate syndications, even if you’re a complete beginner!

Joining Jim is a long-time syndication investor and former professional football player (seriously!) Devon Kennard. Before syndications, Devon bought single-family homes during his NFL career, but as his time got increasingly limited, he needed a passive way to invest. The obvious choice? Real estate syndications!

Jim and Devon deliver a masterclass on syndication investing, showing you how much money you’ll need, how to vet a syndication deal BEFORE you invest, the profits you could make, and red flags to watch out for. If passive income is your goal, syndications are for you; here’s everything a beginner needs to know!

In This Episode We Cover:

Real estate syndications explained and who should (and shouldn’t) invest in them

The minimum investment amount for real estate syndications (lower than you’d think!)

How to vet a syndicator (general partner) BEFORE you invest in their deal

Why many real estate investors ditch rentals for the passivity of syndications

Preferred returns, equity payouts, and other ways a syndication will make you money

What Devon and Jim look for in a syndication before they invest any money

And So Much More!

Links from the Show

PassivePockets: The Passive Real Estate Investing Show

Grab Devon’s Book, “Real Estate Side Hustle”

The Ultimate Guide to Real Estate Syndication

Connect with Devon

Connect with Jim

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1061

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Want to Buy Real Estate in 2025? Listen to This FIRST (Best Advice of 2024)

Mon, 23 Dec 2024 09:00:00 -0000

Want to invest in real estate in 2025? Then this is the show to listen to. We’ve had some phenomenal guests on the show this past year. This time, we rounded up our favorite tips from them, ranging from starting with $50,000, which markets to buy in, and how to retire early with fewer rentals, and compiled them into one life-changing episode. These were the episodes you all loved the most, so we’re taking the golden nuggets and giving them to you today!

Is it still worth it to invest in real estate when prices are so high, and affordability is so low? CEO of BiggerPockets, Scott Trench, gives his honest, raw opinion. Next, two investors who retired with small real estate portfolios share why you DON’T need dozens of rental properties to reach financial freedom. You might need just one! Plus, we’ll show YOU the best way to start investing with $50,000.

Finally, we’re breaking down the real estate markets we believe are the best for beginners and the ones with the most bang for your buck. Will Trump’s housing policies change the market? What will tariffs and tax cuts do to real estate? Stick around; we also share our thoughts on Trump’s 2025 plans!

In This Episode We Cover:

How to retire early with fewer rental properties by building a “small and mighty” real estate portfolio

Why this expert investor only has ONE rental property (and doesn’t plan to buy more)

How to invest in real estate with just $50,000 (beginner-friendly tactics!)

The best real estate investing markets that we’d start in if we were beginners

What the Trump administration’s proposals could mean for the housing market

And So Much More!

Links from the Show

BiggerPockets Real Estate Episode 1,004 - How to Retire Early with Fewer Rental Properties Than You Think w/Chad Carson

BiggerPockets Real Estate Episode 1,007 - Where We’d Invest in Real Estate in 2024 if We Were Starting from Scratch w/Ashley Kehr and Henry Washington

BiggerPockets Real Estate Episode 1,024 - A Better Retirement After Buying Just ONE Rental (and Never FOMO-ing) w/Mike Baum

BiggerPockets Real Estate Episode 1,028 - How to Invest in Real Estate with $50K in 2024 w/Ashley Kehr

On the Market Episode 250 - Trump vs. Harris Economic Plans: Taxes, Affordable Housing, and Inflation w/Joel Naroff

Millions of Americans Should Keep Their Homes as Rentals, Not Sell. Here’s Why.

Yes, I’m Afraid of a Real Estate Bubble—But I Continue to Invest Anyway. Here’s Why.

Trump Wins Presidential Election: What It Means for the Housing Market

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

BiggerPockets Real Estate 1,000 - Real Estate Is Changing, and So Is BiggerPockets

(00:00) Intro

(02:34) Is Real Estate STILL Worth It?

(11:06) Retire Early with FEWER Rentals!

(22:57) Don't FOMO Into Investing!

(29:20) How to Invest $50K

(42:06) Best Markets for Beginners

(53:08) Trump’s Tax Cuts, Tariffs

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1060

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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2025’s Massive Opportunity for Real Estate Investing (Before It’s Too Late)

Fri, 20 Dec 2024 09:00:00 -0000

Real estate investing may not see an opportunity like this for years. We’re in one of the wildest economic periods: mortgage rates are high, inflation has cooled, stock prices are hitting records, and the housing supply chain is slowing dramatically. What happens next? In short, something really, really good for real estate investors. And this isn’t hype—it’s precisely what the data points to.

Ben Miller, Fundrise CEO and one of our favorite macroeconomic experts, is back to break down his four data points that directly point to a win for real estate investors in 2025 and beyond. Answer this: what happens when housing supply is low, little to no new inventory is coming online, interest rates come back down, and everyone’s competing for homes? The answer: prices go up.

That reality is coming to fruition soon, and those who already own real estate are poised to reap significant profits. Those who sat on the sidelines will be forced to compete with other buyers as sky-high demand returns. But that’s not even Ben’s entire argument. He brings even MORE data to make the case for real estate in 2025—and it’s a case you shouldn’t ignore.

In This Episode We Cover:

An expert’s case for real estate investing in 2025 and why it isn’t too late to get in

Why commercial real estate could be close to the bottom (and be rebounding soon)

The stock-to-real-estate correlation that BROKE last year (and what it means)

The reason Ben believes new Trump tariffs could be good for homeowners and investors

Why the housing undersupply problem could get even worse in 2025, 2026

What happens when interest rates fall and demand for homes returns?

And So Much More!

Links from the Show

Put Your Vacation Rental on Autopilot with Hospitable

Redfin’s 2025 Housing Market Predictions (Home Prices, Mortgage Rates, & More)

Connect with Ben

(00:00) Intro

(01:05) The Case for Real Estate in 2025

(02:58) 1. Real Estate is Cheap(er) Now (Timestamp)

(06:15) Have We Bottomed? (Timestamp)

(09:02) 2. The "Inverse Correlation" Begins

(15:02) 3. Housing Supply Will Crash

(19:41) Tariffs Will Help

(24:06) 4. Interest Rates Will Fall

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1059

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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I Said I'd Never Flip a House...Why I’m Starting in 2025

Wed, 18 Dec 2024 09:00:00 -0000

Dave said he’d never flip a house. He doesn’t have the handyman skills; he doesn’t like managing contractors, and he can’t design a floor plan. So why now, coming into 2025, has he decided to flip his first house? It’s simple—an opportunity was presented to him that he couldn’t pass up. Partnering with expert investor James Dainard, Dave is flipping this house with James acting as the operator and Dave as the investor. If you’ve ever wanted to get into house flipping but felt like Dave, this episode will show you how to start.

If Dave isn’t managing contractors or handling permits, what role does he play? Today, Dave and James are walking through their unique house-flipping partnership, explaining why James made an offer on the property within hours of hearing about it, their rehab budget, renovation plan, potential profit, and some hiccups they could run into (asbestos!).

James is even sharing his expert tips on how to know a property is worth buying for a flip and questions you must ask a flipper or lender BEFORE you start working with them. We’ll keep you updated on this flip’s progress so you can see exactly what goes right, what goes wrong, and how much money this property will make!

In This Episode We Cover:

How to invest in house flipping even if you have ZERO renovation/remodeling experience

Finding the deal and why you need to have relationships with wholesalers

How to spot a great potential house flip—and one HUGE red flag to avoid at all costs

Two ways to raise money for your house flips (debt vs. equity) and the pros and cons of both

Picking a real estate investing partner and questions you must ask before you work together

And So Much More!

Links from the Show

Hear Dave and James on On the Market

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

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

(00:00) Intro

(02:23) Finding the Deal

(03:30) Purchase Price, Rehab Costs, & Comps

(08:16) Signs of a Good Flip

(11:52) Permits, Plans, and...Asbestos!

(13:50) How to Passively Invest in Flips

(18:53) Picking a Partner

(29:02) Ask THESE Questions

(33:28) Follow the Flip Progress!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1058

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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AMA (Ask Meyer Anything): Seller Financing, A Better "BRRRR", & Do You Need an LLC?

Mon, 16 Dec 2024 09:00:00 -0000

When is seller financing worth it (as a buyer AND a seller)? Do you need an LLC to start investing in real estate, and will it help you buy more deals? Can you BRRRR (buy, rehab, rent, refinance, repeat) your primary residence to realize some serious home equity gains? We’re getting into these topics and more as we answer YOUR questions from the BiggerPockets Forums.

First, a seller has been presented with an interesting seller finance offer. Should they take it? How do they vet the buyer before giving them the house in exchange for monthly payments? We’ll explain when seller financing makes sense for sellers and how buyers can create compelling offers. Next, do one-bed, one-bath rentals do well, or are they too small for most areas?

How can you use your primary residence to build wealth without renting to tenants? We’re talking about the new BRRRR, or as Dave calls it, the LIFLOC (we’ll describe it in detail!). Do you need an LLC to invest? Most new investors get this totally wrong. Finally, why do investors and agents think so poorly of wholesalers? Do we ever use them? And how do you tell a good one from a bad one?

Looking to invest? Need answers? Ask your question on the BiggerPockets Forums!

In This Episode We Cover:

Whether or not you should accept a seller finance offer on your house vs. a loan or cash

Why we LOVE small rental properties (one bed, one bath) even though most investors avoid them

Using the “BRRRR” method to turn your primary residence into a wealth-building property

LLCs for real estate, when you need one, and whether they’ll help you buy more deals

Working with real estate wholesalers and the legitimate reason why so many investors/agents avoid them

And So Much More!

Links from the Show

Invest in High-ROI Turnkey Rentals with Rent to Retirement

Grab the “BRRRR” Book

What Is Seller Financing in Real Estate?

(00:00) Intro

(00:54) Should I Seller Finance?

(07:38) Buy 1 Bed/1 Bath Rentals?

(12:51) Best Home Investment Ever?

(18:21) Do I Need an LLC?

(22:51) Working with Wholesalers

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1057

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Redfin’s 2025 Housing Market Predictions (Home Prices, Mortgage Rates, & More)

Fri, 13 Dec 2024 09:00:00 -0000

Redfin just released their highly-anticipated 2025 housing market forecast, and today, we’re reacting to each of their ten crucial housing market predictions. We’re touching on the exact numbers you want to hear about—home prices, mortgage rates, home sales, rent prices, and housing supply. Knowing what’s coming could give you an edge as an investor, agent, or first-time homebuyer.

First, we’re reviewing Redfin’s home price predictions for 2025. Will things get any more affordable, or will high home prices persist into 2025? Will mortgage rates finally reach the low sixes, maybe even into the high fives? Dave disagrees with Redfin’s take on interest rates, so where does he think they’ll be headed?

If you’re a real estate agent, broker, loan officer, or in the industry, listen up! Redfin has some good news you want to hear about home sales! Renters and landlords, take note—Redfin’s predictions suggest rents could become more affordable for everyday Americans. But that’s not all; we’ll also review their housing inventory, agent commission, and migration predictions for 2025!

In This Episode We Cover:

Redfin’s notable 2025 mortgage rate prediction that most homebuyers DON’T want to hear

2025 home price forecast and whether or not we’ll continue to see prices climb

The “step in the right direction” for home sales coming in 2025

Why homebuilders are getting bullish thanks to the 2024 Republican sweep

Why Gen Z may be the first generation to give up on homebuying

And So Much More!

Links from the Show

Redfin’s 2025 Predictions

Invest in High-ROI Turnkey Rentals with Rent to Retirement

2025 Housing Market Predictions (+ How’d We Do Last Time?)

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1056

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Should I Sell My 4% Interest Rate Rental Property? ($300K in Equity!)

Wed, 11 Dec 2024 09:00:00 -0000

Should you keep, refinance, or sell your rental property? If you’re sitting on a low mortgage rate and plenty of equity, you’ve probably asked yourself this once or twice within the past year. Most people who bought a rental property before 2020 have seen unprecedented appreciation and rock-bottom interest rates and are likely sitting on a war chest-sized home equity position. But that equity could be better spent investing in new properties than keeping your old ones.

This is Dave’s exact predicament. He’s got a property he bought back in 2016 that has over $300,000 in home equity. It’s cash flowing a solid $500 per month with a mortgage rate of just under four percent, but only producing a measly two percent cash-on-cash return. He’s getting four times the return on his recent investment property purchases, so should he sell? Not so fast; we’re doing the math to figure out whether he should keep, refinance, sell, or change strategies on this property.

Got the same good problem? Stick around as we even drop a fifth option most investors overlook entirely, which gives you the best of both worlds.

In This Episode We Cover:

Whether to keep, refinance, or sell a low-performing rental property

The obvious problem with cash-out refinancing in 2024/2025

Why we DON’T love doing 1031 exchanges (and a tax-advantaged way around them)

Converting your long-term rental into a medium or short-term rental (MORE cash flow!)

How to access home equity WITHOUT refinancing your property or getting a new loan

And So Much More!

Links from the Show

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

Get a Quote on Your Next Short-Term Rental Loan with Host Financial

Keep or Sell? What to Do When Your Rental Doesn’t Cash Flow

(00:00) Intro

(01:20) Property Details

(04:51) 1. Keep the Property

(07:12) 2. Refinance the Property

(10:29) 3. Sell the Property

(17:12) 4. Convert Into a Mid-Term Rental?

(21:10) The Best Option?

(22:24) 5. Use Home Equity Instead

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1055

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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The Expert Investor: Early Retirement is a Mistake, Rent INSTEAD of Buying!

Mon, 09 Dec 2024 09:00:00 -0000

Why does this veteran real estate investor say that early retirement and financial freedom are a bad idea? Why does he think renting, NOT buying a house, makes more sense for most Americans in 2025? And what’s the one mistake that lost him hundreds of thousands of dollars even after being an experienced investor for decades? Jonathan Greene, one of our favorite repeat guests, is back on the show to share.

Jonathan’s father, a serial real estate investor, taught him everything about rental properties early on. Together, they walked potential properties, snuck into foreclosed homes, reviewed the profits and figures line by line, and even dealt with evictions together. This equipped Jonathan with the skills to not only build generational wealth for his family but also financial freedom for himself. However, once he achieved it, Jonathan realized that early financial freedom wasn’t worth it. But why?

This episode looks into the mind of one of the most experienced investors in the entire industry. Jonathan shares why he still decided to work even after building a real estate portfolio, the investment he made that cost him severely, why he’s moving his money into a more “passive” investment, the reason renting makes MORE sense than buying in 2025, and what a beginner should do RIGHT NOW to start investing in real estate.

In This Episode We Cover:

The reason Jonathan says early retirement/financial freedom is a mistake

One thing every beginner to real estate investing should be doing right now

Jonathan’s huge loss and the lessons he learned about pricing yourself too high

Renting vs. buying and the obvious choice for most Americans in 2025

What to teach your kids about real estate investing and generational wealth

And So Much More!

Links from the Show

Buy, Rehab, Rent, Refinance, Repeat

The House Hacking Strategy

The Passive Real Estate Investing Show

Listen to Jonathan’s Podcast, Zen and the Art of Real Estate Investing

Grab the Syndication Investing Book, “The Hands-Off Investor”

Renting a Home Is Financially Better Than Buying—Wait, What?!

Connect with Jonathan

(00:00) Intro

(01:26) Learning to Invest as a Toddler

(04:41) Teaching Your Kids About Wealth

(06:31) Flunking Out Then Back to College

(07:54) DON’T Retire Early!

(16:08) His Huge Losses

(17:02) What Jonathan Invests in NOW

(22:30) Don’t Buy a House?

(26:11) How to Start TODAY

(32:39) Exposing Your Kids to Real Estate

(35:34) Connect with Jonathan!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1054

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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BiggerNews: The 2024 Housing Market in Review (What’s Coming Next?)

Fri, 06 Dec 2024 09:00:00 -0000

The 2024 housing market was nothing short of "wild," to put it lightly. We came from years of unprecedented growth, rock-bottom mortgage rates, and fiery homebuyer demand. While some predicted a housing market crash, we were quite sure that real estate prices would stay stable—and that’s precisely what happened! So, before we enter the 2025 housing market, we’re recapping 2024 with all its trends and surprises so you don’t get caught off guard next year!

We’re touching on the big topics: prices, inventory, affordability, best and worst markets, and the commercial real estate crash. Why did prices RISE even when buyer demand fell significantly? Why did the existing housing inventory stay so low? And is now the best time to buy multifamily after its massive value drop in 2024?

Get prepared to make 2025 your best year yet, but don’t make the same mistakes of the past. Stick around; we’re giving you your 2024 housing market in review!

In This Episode We Cover:

The biggest trends (and surprises) of the 2024 housing market

Why did home prices rise in 2024 even with buyer demand so low?

Our affordability crisis keeping many Americans renting instead of buying

The commercial real estate crash and why multifamily is seriously struggling now

Hottest (and coldest) real estate markets that nobody would have expected

The cities that are seeing the most rent price growth (and some with the least)

And So Much More!

Links from the Show

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

(00:00) Intro

(01:12) Sluggish Homebuying

(03:03) REALLY Low Affordability

(06:19) The "Lock-In Effect"

(06:50) Home Prices Still Rising

(07:55) Worst/Best Markets

(10:54) Multifamily Crashed Hard

(15:52) Commercial Real Estate's Big Problem

(17:36) Rent Prices Still Growing

(20:16) Key Takeaways

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1053

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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From the Forums: One Thing That Most Beginner Investors Should NOT Do

Wed, 04 Dec 2024 09:00:00 -0000

Should you borrow money for your first real estate deal? We’re not talking about taking an interest-free loan from your mom; we mean using “private money” to finance your investment. This type of investment property financing is usually reserved for the more experienced investors, but is it a bad idea for someone with such little experience? Is there another way to finance your first deal that gives you more wiggle room if you make a mistake?

This is just one of the BiggerPockets Forum questions we’re answering today from investors like you. One investor on her second rental wants to know whether bankruptcy or late payments is an immediate red flag in a tenant application. She’s struggling to fill up her property, so should she take on a tenant with sub-optimal finances? What do you do when you inherit a tenant paying substantially under-market rent? How do you raise rents the right way?

Finally, Henry the house flipper shares his thoughts on the 70% rule and gives his own house-flipping formula you can perform on the spot to see if your deal is a steal!

Looking to invest? Need answers? Ask your question on the BiggerPockets Forums!

In This Episode We Cover:

Whether you should or shouldn’t borrow private money for your first real estate deal

Tenant red flags and what to do when you’re struggling to fill a vacancy

Raising rents on inherited tenants and why we DON’T ask for market rates

How to attract better tenants to your rental property (and whether to lower the price)

Henry’s house-flipping formula that beats the 70% rule calculation

And So Much More!

Links from the Show

The Comprehensive Guide for Financing Your Very First Real Estate Deal

(00:51) Use Private Money for FIRST Deal?

(06:21) Tenant Red Flags

(11:24) How to Attract Tenants

(13:47) Raising Rents on Inherited Tenants

(19:55) Ditch the 70% Rule?

(27:54) Ask Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1052

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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The “Dirt Floor to $80K/Month” Investor is BACK (and She’s Gone BIGGER!)

Mon, 02 Dec 2024 09:00:00 -0000

Yamundow Camara grew up in The Gambia. After losing her parents at a young age, she was taken in by relatives who forced her to sleep on a dirt floor and treated her like a constant burden. Fast forward to 2024, Yamundow has over one hundred rental units and makes hundreds of thousands of dollars (if not millions) in passive income yearly. She STILL works a W2 while running her real estate portfolio. If she could do it, you can, too.

If you missed Yamundow’s first episode, we highly recommend listening to it after this one. She goes into great detail on her troubling upbringing, moving to the US, and buying her first real estate deal. Now, she’s gone bigger…much bigger—scaling from thirty-two units to over 150 rental units in just over a year. And she’s not just in residential real estate anymore.

Yamundow discusses the deals she’s bought, the hellish renovation project she went through, and her newest commercial real estate asset—a cash-flowing self-storage facility that takes just thirty minutes a week to manage! Yamundow is the epitome of “rags to riches.” We guarantee you’ll be inspired to invest after you hear this one!

In This Episode We Cover:

Going from complete poverty to millionaire by scaling smart in real estate

Why Yamundow started investing in self-storage recently instead of rentals

The reason Yamundow STILL has her W2 job (and thinks you should NOT quit!)

What to do when the city government is ruining your renovation plans

Finding real estate deals for sale on…Facebook? Here’s how Yamundow does it

Sponsoring orphans, writing a book, and Yamundow's big TV show dreams

And So Much More!

Links from the Show

Shop the BiggerPockets Bookstore Black Friday SALE

Interested in Self-Storage Investing? Grab the Book, “Storing Up Profits”

From Sleeping on the Floor to Making $80K/Month (in 2 Years!)

Connect with Yamundow

(00:00) Intro

(01:22) Sleeping on Dirt Floors After Losing Everything

(04:55) 32 Units While Working a W2!

(09:15) Inspiring Others to Invest

(10:27) A Hellish 12-Unit Renovation

(15:27) Financing and Working with Contractors

(18:13) BIG Section 8 Cash Flow

(20:54) Getting into Self Storage Investments

(25:36) Supporting Her Family

(29:58) What's Next?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1051

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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This Could Be Like Getting into Airbnb in 2012

Fri, 29 Nov 2024 09:00:00 -0000

While short-term rentals are seeing slowing demand, mid-term rentals are taking off (and fast). Mid-term rentals, also called medium-term rentals or MTRs, are thirty-day or longer stays, usually for traveling professionals or those who need temporary housing while relocating. These rentals give you more rent than a regular long-term rental, less turnover than short-term rentals, and can be successful in even the most average of markets. Where are MTRs heading next? We brought on Jeff Hurst, CEO of the leading MTR listing website Furnished Finder, to share the data he’s seeing.

Jeff believes MTRs are still years away from peaking in demand and supply. But maybe he’s a little biased as someone who works in the field. Even as an industry insider, Jeff brought some solid stats that show that MTR is far from falling off the investing map. He’s so bullish on this strategy that he believes MTR is now where Airbnb was in 2012. But what should you do to get in on MTR investing?

Jeff shares the best MTR markets and signs for whether or not your city could be a great place to try it, plus the surprising property type that works best for this strategy (MUCH more affordable than short-term rentals) and how landlords and investors can find tenants WITHOUT going through pricey booking platforms.

In This Episode We Cover:

The state of the mid-term rental market and why it’s looking much brighter than short-term rentals

Mid-term rental investing explained, and who’s staying at these properties

Why rural markets actually make terrific mid-term rental investing areas

How to start investing in mid-term rentals WITHOUT owning a single property (rental arbitrage)

How to find tenants for your mid-term rentals without paying high listing fees

The (surprisingly) small property types that work best for mid-term rentals

And So Much More!

Links from the Show

Shop the BiggerPockets Bookstore Black Friday SALE

Grab the MTR Book, “30-Day Stay”

How to Invest in Medium-Term Rentals

Furnished Finder Stats

(00:00) Intro

(03:10) What Are Mid-Term Rentals?

(07:33) Mid-Term Demand is Still Growing

(12:18) Best Mid-Term Markets

(20:39) Are We Past the Peak?

(22:46) Finding Tenants

(26:38) Fewer Regulations?

(32:42) Bullish on Mid-Term’s Future

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1050

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Is This the Most Beginner-Friendly Way to Start Investing?

Wed, 27 Nov 2024 09:00:00 -0000

Most people get turnkey real estate investing all wrong. They either think it’s a completely hands-off investment like stocks or that all turnkey real estate companies offer the same product. Both of these assumptions can be dangerous when investing in what should be an easier, less stressful, and far more scalable type of real estate investment—turnkey rentals. If you invest in truly turnkey real estate, you’ll get all the benefits of regular rental properties with MANY of the headaches already dealt with. What do we mean?

We’re bringing back repeat guest Chris Clothier, turnkey provider and investor for over twenty years, to explain exactly what turnkey real estate is and whether or not it’s right for you. Chris describes the danger of thinking that every “turnkey” company is actually turnkey and signs that the company you’re dealing with could be selling you a bad deal. Plus, who should buy turnkey in the first place? Is it only for beginners, or do experienced investors move their money into these properties, too?

How much money do turnkey properties make? We’re sharing those stats and the two questions you MUST ask a turnkey company before you work with them!

In This Episode We Cover:

Turnkey real estate investing explained and why so many investors get this definition wrong

How much turnkey rentals can make you in 2025 (actual return estimates)

The two questions you MUST ask a turnkey provider to prove they’re legit

Signs of a good turnkey real estate deal and why you should NOT buy properties under a certain price point

Why turnkey real estate investing isn’t just for beginners

And So Much More!

Links from the Show

BiggerPockets Real Estate 26 - Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier

BiggerPockets Real Estate 122 - 5 Myths Holding Investors Back From Real Estate Greatness with Chris Clothier

BiggerPockets Real Estate 224 - Building a Process to Buy 17 Deals a Week with Chris Clothier

BiggerPockets Real Estate 380 - Profitable Landlording in a Crisis with Mike Butler, Chris Clothier, and Dave Poeppelmeier

Turnkey Real Estate Investing: Complete Guide

Connect with Chris

(00:00) Intro

(03:49) Turnkey Investing 101

(07:11) Who Should Buy Turnkey?

(19:37) Signs of a Good Deal

(22:53) 2 Questions You MUST Ask

(28:00) Turnkey Rental Returns in 2025

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1049

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Expert Investor Shares How He Made $100K with Just One Property

Mon, 25 Nov 2024 10:00:00 -0000

Would you spend thirty hours finding a deal if it could make you over $100,000? Of course you would! And that’s exactly what David Lecko, CEO of DealMachine, suggests you do to find better real estate deals in 2025. After hundreds of calls and mailers, an extensive rehab, and two appraisals, he walked into six-figure equity on a single rental property!

Welcome back to the BiggerPockets Real Estate podcast! David has achieved financial freedom by building a real estate portfolio of nineteen cash-flowing, appreciating properties. His big secret? Buying the same property over and over in a market he knows inside out—Indianapolis, Indiana. He’ll scour tax-delinquent lists for distressed properties that fit his buy box and use the BRRRR method (buy, rehab, rent, refinance, repeat) to snowball into his next deal.

But now that David has moved to Austin, Texas, he faces a brand-new challenge—investing in real estate out of state. While most investors would hire a property manager to oversee their properties, David self-manages from hundreds of miles away and employs an assistant to be his eyes and ears. Tune in as David shares all of the details on his latest deal and the strategies investors can use to gain a competitive edge in 2025!

In This Episode We Cover:

The strategy David used to make $100,000 on ONE real estate deal

How to self-manage your rental properties (from hundreds of miles away)

Why the BRRRR method (buy, rehab, rent, refinance, repeat) still works today

How to scale faster and make higher returns by staying within your buy box

The midwestern markets that allow you to earn cash flow and appreciation

Why you shouldn’t wait for interest rates to drop to buy your next property

And So Much More!

Links from the Show

Buy the Book “Rich Dad Poor Dad”

From Burnt-Out Tech Worker to $95K in Passive Income in 2 Years

Connect with David

(00:00) Intro

(02:32) Tax-Delinquent Properties

(07:46) $100K from ONE Deal

(13:10) David’s Buy Box

(17:12) Self-Managing (Out of State!)

(23:23) David’s Plans for 2025

(27:31) HUGE Market Opportunities

(31:42) Connect with David!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1048

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Can Trump Push Jerome Powell Out of the Fed? w/WSJ's Nick Timiraos

Fri, 22 Nov 2024 10:00:00 -0000

Has the Federal Reserve gone too far? Many Americans are critical of the Fed’s move to raise interest rates sharply, pause for years, and then slowly start implementing rate cuts. The arguably most prominent critic of the Fed? President-Elect Donald Trump, who, shortly after nominating the current Fed chair, Jerome Powell, reversed his opinion on whether Powell was the right person for the job.

Now, with Trump coming back to the White House, Powell’s job hangs in jeopardy—or does it? Can a President fire the Fed chair? Does the President have the authority to influence how the Fed operates? What would happen if Trump decided to go after Powell and request his resignation? Nick Timiraos, reporter at The Wall Street Journal and Federal Reserve expert, is on to answer these questions.

Nick gives us the latest update on rate cuts, where the Fed is headed, how the future of the Fed looks with Trump back in office, and why some politicians champion “Fed Independence,” while others argue that Fed power has overstepped its bounds. Are Trump and Powell more aligned than they think, and is this government drama all talk? We’re getting Nick’s expert viewpoint on it all.

In This Episode We Cover:

Why “Fed Independence” could actually be a crucial piece to keeping the economy stable

Whether or not Trump has the authority to fire and replace a Fed chair

Future rate cuts, inflation concerns, and the Fed’s latest “signal” on rates

Powell’s simple response when asked if he would resign because of Trump’s request

Why the Fed does NOT have to answer to the President (and is this a good thing?)

Trump’s proposed tax and tariff policies and why they could challenge the Fed

And So Much More!

Links from the Show

Nick’s WSJ Articles

Trump May Consider Shaking Up the Federal Reserve If Elected—Here’s What That Could Look Like

(00:00) Intro

(01:52) Latest Fed Meeting Update

(03:04) More Rate Cuts Coming?

(05:07) Can Trump Change the Fed?

(08:45) Is the Fed Above the Law?

(16:42) Can Trump Fire Powell?

(18:53) What Happens Next?

(24:52) Trump's Tricky Policies

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1047

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Landlords, What Are Your Wildest Tenant Stories?

Wed, 20 Nov 2024 10:00:00 -0000

Every landlord has some wild tenant 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!

In This Episode We Cover:

Why you MUST have a (secured) separate entrance when house hacking

The reason Henry now double-checks the identity of his tenants before signing a lease with them

Turning bad 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

Landlord the Right Way with “The Book on Managing Rental Properties”

12 Tenant Nightmare Stories I Swear Are Actually True

(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 and https://www.biggerpockets.com/blog/real-estate-1046

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Mon, 18 Nov 2024 10:00:00 -0000

What if, within ten years, you could reach financial freedom? Imagine it. You may have a high-stress job where you’re working long hours and making good money but feeling burnout 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 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 and the surprising choice Benjamin made to reach financial independence faster

Vetting a real estate partner 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

Grab “The Intention Journal”

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

Connect with Benjamin

(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 and 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.

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

Fri, 15 Nov 2024 10:00:00 -0000

What makes a “good” real estate deal 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, 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. 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 (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) 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

Get a Quote on Your Next Short-Term Rental Loan with Host Financial

Calculate IRR with Dave’s Book, “Real Estate by the Numbers”

What's a "Good" Deal in Real Estate? 5 Criteria to Consider

Connect with Garrett

(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 and 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.

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The Massive Opportunity of Overlooked On-Market Deals

Wed, 13 Nov 2024 10:00:00 -0000

Today, we’re talking about the easiest way to find profitable rental properties 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 beginners will have no trouble finding deals. What are we talking about? On-market, MLS (multiple listing service) 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, 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 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 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

BiggerPockets Rental Property Calculator

BiggerPockets Real Estate Rent Estimator

Connect with Dan

(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 and 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.

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5 Rentals and 4 Flips WITHOUT Needing a W2!

Mon, 11 Nov 2024 10:00:00 -0000

Clay White has done the seemingly impossible. He’s bought five rental properties, 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, Clay proves that you couldn’t be more wrong. He not only built an entire rental 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 and when to use each to pull out equity

Why you should always overestimate your home renovation costs

And So Much More!

Links from the Show

Learn How to Flip Houses with “The House Flipping Framework”

The Rookie’s Step-by-Step Guide to Home Renovation Projects

Connect with Clay

(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 and https://www.biggerpockets.com/blog/real-estate-1042

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

Fri, 08 Nov 2024 10:00:00 -0000

So you want to start investing in real estate 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 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 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 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 and why you must keep cash on you when you start investing

And So Much More!

Links from the Show

Get a Quote on Your Next Short-Term Rental Loan with Host Financial

Start from Scratch with “The Book on Rental Property Investing”

Real Estate Investing For Beginners: How To Get Started

Connect with Tony

(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 and https://www.biggerpockets.com/blog/real-estate-1041

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

Wed, 06 Nov 2024 10:00:00 -0000

Can you invest in real estate 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 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)

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 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” 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

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1040

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

Mon, 04 Nov 2024 10:00:00 -0000

Is 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, 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

The big cash flow mistake that Stuart made earlier on in his investing career

The #1 reason you must look into school districts 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

Can You Build Wealth by Rezoning Your Property? Yes! Here’s How

Connect with Stuart

(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 and https://www.biggerpockets.com/blog/real-estate-1039

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10 Things We Hate About Real Estate Investing

Fri, 01 Nov 2024 09:00:00 -0000

Real estate investing is great…sometimes. Other times, it’s NOT fun to be a real estate investor. While the pros, like financial freedom, 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 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 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 so he doesn’t get scammed or ghosted

Why we’re begging you to stop doing “virtual staging” 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

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

(00:00) Intro

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

(04:58) 2. Bad/Slow Communication

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

(12:30) 4. Unrealistic Expectations

(17:03) 5. Working with Contractors

(23:22) 6. Agent Property Descriptions

(25:07) 7. Virtual Staging

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

(33:19) 9. Shady Wholesalers

(37:36) 10. Tenants vs. Landlords

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

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

Wed, 30 Oct 2024 09:00:00 -0000

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

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

In This Episode We Cover:

Why Dave believes real estate deals are coming THIS winter

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

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

Why home prices are still rising EVEN with homebuyer demand plummeting

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

And So Much More!

Links from the Show

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

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

(00:00) Intro

(00:50) Home Prices Are Changing

(04:57) The Deals Are Coming

(06:05) MASSIVE Decline in Home Sales

(11:12) So…Why Are Prices High?

(16:19) Mortgage Rate Forecast

(18:14) Buy Now or Wait?

(19:17) Rents Still Struggling

(21:56) Winter Opportunity

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

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

Mon, 28 Oct 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

And So Much More!

Links from the Show

Grab the Book on the “BRRRR” Strategy

Rich Dad Poor Dad

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

Connect with Joe

Connect with Sam

(00:00) Intro

(01:26) The Perfect Partnership?

(03:59) First Duplex in 2021

(11:38) This Works WITH High Rates

(16:25) Using Other People’s Money

(23:33) The New 2025 “BRRRR” Strategy

(28:25) Who Does What?

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

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

Fri, 25 Oct 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

And So Much More!

Links from the Show

Get Banking Built for Landlords with Baselane

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

Real Estate Rookie Podcast

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

(00:00) Intro

(03:22) Still SUPER Affordable

(08:32) Most Affordable Markets

(11:30) Tech Industry is Moving In

(14:57) Climate Resilience

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

(28:58) This Area is Booming

(32:18) Even More Advantages?

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

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

Wed, 23 Oct 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

Where mortgage rates are right now for refinances and HELOCs

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

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

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

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

And So Much More!

Links from the Show

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

With Mortgage Rates Falling, When Should Investors Refinance?

Connect with Caeli

(00:00) Intro

(01:52) Interest Rate Update

(06:34) Why Rates Went UP

(11:59) Should You Refinance?

(18:17) Current Refi Rates

(19:37) Best HELOC Hack

(29:01) Interest Rate Forecast

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

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

Mon, 21 Oct 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

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

And So Much More!

Links from the Show

10 Steps to Kickstart a Winning Direct Mail Campaign

Connect with Jon

(00:00) Intro

(01:09) Given Golden Advice Early

(03:43) Quitting His W2 Job

(08:54) Taking a Big Risk

(12:21) Looking for Off-Market Deals

(16:10) Profit on Direct Mail

(19:09) How to Talk to Sellers

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

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

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

(31:49) Can Anyone Do This?

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

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

Fri, 18 Oct 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

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

And So Much More!

Links from the Show

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

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

(00:00) Intro

(02:35) Neighborhood or Deal First?

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

(13:14) This is CRUCIAL

(19:57) The Path of Progress

(25:41) Stay Away from This

(31:44) Do This FIRST

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

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

Wed, 16 Oct 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

And So Much More!

Links from the Show

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

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

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

Connect with Devon

Connect with Tyler

(00:00) Intro

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

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

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

(20:23) Getting Your First Deal Done

(39:51) Building Valuable Skills

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

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

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

Mon, 14 Oct 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

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

And So Much More!

Links from the Show

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

Connect with Tom

(00:00) Intro

(02:11) "Accidentally" Investing

(06:46) Getting Started in Cheap Neighborhoods

(09:47) Switching to A-Class Investments

(11:59) Finding Deals Before The Rest

(18:02) Current Flip Profits + Costs

(26:30) Boosting Your Rental's Income

(32:24) What's Next?

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

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

Fri, 11 Oct 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

The secondary markets with “economic spillover” boasting huge opportunity

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

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

And So Much More!

Links from the Show

Grab Matt’s Book, “Raising Private Capital”

Corporate HQ Relocations Could Signal the Next Real Estate Boomtowns

Connect with Matt

(00:00) Intro

(02:39) Real Estate "Boomtowns"

(06:07) How "Boomtowns" Form

(09:44) Cities with the Most Hype

(12:11) Hyped vs. Solid Housing Markets

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

(20:41) HUGE Opportunity for Investors

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

(35:15) Upcoming Boomtowns

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

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

Wed, 09 Oct 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

The solid rental markets that have cheap home prices

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

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

And So Much More!

Links from the Show

Real Estate Rookie Podcast

Buy Box Resource

Real Estate Rookie YouTube Channel

Get Free Property Management Software for Landlords with Hemlane

Grab Ashley’s Book, “Real Estate Partnerships”

See Ashley and Dave at BPCON2024 in Cancun!

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

(00:00) Intro

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

(07:44) What to Do BEFORE You Invest

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

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

(25:05) 3. Get a Money Partner

(32:21) 4. House Hacking

(34:47) DON'T Overlook These Markets

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Mon, 07 Oct 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

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

And So Much More!

Links from the Show

Grab the Book, “Rich Dad Poor Dad”

Do You NEED an "Investor-Friendly" Agent?

Connect with Deba

(00:00) Intro

(02:00) Chasing Financial Freedom

(05:16) First Property, Then BIG Mistake

(14:16) Did It Work Out?

(15:59) Quitting Her Job

(20:53) Investing and Selling Homes

(23:06) Deba's Portfolio

(24:18) Building New and BRRRRing

(26:50) Investing in a Declining Market

(33:38) Goals and Best Beginner Investment

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

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

Fri, 04 Oct 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

And So Much More!

Links from the Show

On the Market

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

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

Wed, 02 Oct 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

And So Much More!

Links from the Show

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

PassivePockets Podcast

Scaling Smart

Start with Strategy

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

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

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

Connect with Devon

(00:00) Intro

(03:18) Active vs. Passive Investing

(09:13) Who Should Passively Invest?

(14:45) Better Returns with Passive Investing?

(19:20) Who Should Actively Invest?

(25:42) Real Estate Note Investing

(28:59) Best Active and Passive Investments

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Mon, 30 Sep 2024 09:00:00 -0000

In This Episode We Cover:

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

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

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

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

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

And So Much More!

Links from the Show

Short-Term Rental & Airbnb Investing Forum

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

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

Connect with Mike

(00:00) Intro

(02:34) Losing Sight After Overworking

(05:24) Empty Lake House?

(08:52) Managing a Vacation Rental

(12:20) Know This BEFORE You Buy

(17:17) Just ONE Property

(20:56) No-FOMO Investing

(26:21) A “Very Interesting” 2025

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

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

Fri, 27 Sep 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

And So Much More!

Links from the Show

BiggerPockets Real Estate Investment Calculators

On the Market

BiggerPockets YouTube

Try BiggerPockets Deal Finder

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

See Dave and Henry at BPCON2024 in Cancun!

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Wed, 25 Sep 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

Whether to continue waiting on the sidelines or start investing NOW

And So Much More!

Links from the Show

BiggerPockets Money Podcast

On the Market

Get Banking Built for Landlords with Baselane

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

See Dave and Mindy at BPCON2024 in Cancun!

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

Connect with Brian

Connect with Mindy

(00:00) Intro

(03:16) How Much Real Estate We Own

(06:33) Allocating Your Cash

(11:17) "Riskier" Investments

(18:40) What Beginners Should Do

(27:51) Diversifying Your Real Estate

(35:32) Wait to Buy?

(38:49) What We WANT to Invest In

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

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

Mon, 23 Sep 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

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

And So Much More!

Links from the Show

Put Your Vacation Rental on Autopilot with Hospitable

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

See Dave and Garrett at BPCON2024 in Cancun!

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

Connect with Garrett

(00:00) Intro

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

(08:50) His First House Flip

(11:50) Switching to Short-Term Rentals

(18:11) Buying 10 Acres and Building Cabins

(23:57) Can Anyone Do This?

(30:21) Getting Guests Through Social Media

(34:33) Start Small!

(36:31) Learn from Garrett!

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

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

Fri, 20 Sep 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

More renter control as the oversupplied multifamily market searches for tenants

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

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

And So Much More!

Links from the Show

Apartment List Research

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

(00:00) Intro

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

(08:54) Money is in Suburbs

(12:59) More Renter Control

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

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

(23:08) 2025 Rent Prediction

(25:52) Learn More from Igor!

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Wed, 18 Sep 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

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

And So Much More!

Links from the Show

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

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

Connect with Craig

(00:00) Intro

(02:04) House Hacking 8 Times!

(05:28) One Really Bad BRRRR

(14:41) Worst Contractor Ever?

(25:59) Finally Selling It

(27:54) The Good Ending

(30:10) Failing Fast

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

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Mon, 16 Sep 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

And So Much More!

Links from the Show

Get Free Property Management Software for Landlords with Hemlane

The Pros and Cons of Accepting Section 8 Housing

Connect with Josh

(00:00) Intro

(01:27) A Failed "Quick Flip"

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

(09:17) Buying 13 Units at Once

(15:13) Quitting His Job/Business

(18:26) Using Other People's Money

(20:11) Moving to a Bigger Market

(23:53) Making More with Section 8

(30:10) Scaling Fast!

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Fri, 13 Sep 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

And So Much More!

Links from the Show

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

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

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

Learn More from Nick

(00:00) Intro

(02:10) The Fed Explained

(03:59) September's Crucial Fed Meeting

(07:05) Who Decides the Rates?

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

(17:27) Risks to Real Estate

(23:30) Unemployment is Rising

(29:33) Rate Cut Predictions

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

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

Wed, 11 Sep 2024 09:00:00 -0000

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

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

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

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

In This Episode We Cover:

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

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

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

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

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

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

And So Much More!

Links from the Show

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

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

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

Connect with Rich

(00:00) Intro

(02:13) Stop Growing, Start Doing This

(06:31) Choose Life Over Business

(12:57) How to Start Scaling

(21:02) Do More in LESS Time

(24:42) Making Your First Hire

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

(36:38) Grab "Scaling Smart"!

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Mon, 09 Sep 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

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

And So Much More!

Links from the Show

Learn Creative Finance with “Wealth without Cash”

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

Creative Financing: How To Use It In Real Estate

(00:00) Intro

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

(05:51) Moving and Remote Management

(11:07) Making 2x His Mortgage

(17:15) Building the Team

(20:38) Creative Solutions with HUGE Returns

(29:16) Low Money Down Strategies

(30:11) Next-Level Seller Financing

(34:25) Creative Finance Risks

(37:41) Long-Term Vision

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Fri, 06 Sep 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

And So Much More!

Links from the Show

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

See Dave and Kathy at BPCON2024 in Cancun!

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

On the Market Podcast

(00:00) Intro

(02:03) Buying New Homes at a Distance

(06:42) The “Path of Progress”

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

(19:25) Get a Lower Mortgage Rate

(24:14) Where (Not) to Buy

(30:10) Forecasting Appreciation

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Wed, 04 Sep 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

And So Much More!

Links from the Show

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

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

00:00 Intro

03:38 3 Types of Investor "Risk"

07:22 Investing During "Risky" Times

11:18 The "Buckets" of Risk

14:46 Dodging "Black Swan" Events

18:52 Risk Mitigation Tactics to Use NOW

23:53 The Risk of Loss

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Mon, 02 Sep 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

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

And So Much More!

Links from the Show

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

What Are Rent-to-Own Homes?

Connect with Maura

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

BiggerNews: How Harris/Trump's Housing Policies Could Impact Affordability

Fri, 30 Aug 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

The housing affordability problem and new government proposals aiming to help

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

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

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

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

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

And So Much More!

Links from the Show

Grab Dave’s Newest Book “Start with Strategy”

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

Bipartisan Policy Center Rent Regulation

Freakonomics - Why Rent Control Doesn’t Work

(00:00) Intro

(02:14) Promoting Affordable Housing

(03:04) Our Massive Affordability Problem

(05:49) What Needs to Change

(10:00) Harris' Housing Plan

(14:01) Nationwide Rent Control?

(18:33) Trump's Housing Plan

(22:08) How Affordability Impacts Investors

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

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

Wed, 28 Aug 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

How Lawrence escaped generational poverty through sacrifice and smart investing

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

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

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

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

And So Much More!

Links from the Show

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

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

See Dave and Lawrence at BPCON2024 in Cancun!

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

Connect with Lawrence

(00:00) Intro

(01:31) BPCon2024 Giveaway!

(02:55) Switching Jobs to Invest

(11:24) Food Delivery Side Hustle

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

(18:52) Breaking Generational Poverty

(21:34) Dream Job for Investors

(26:37) Time Spent Managing His Rentals

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

(33:55) The Dish

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

8 Rental Units in 2.5 Years (While Working 6 Jobs!)

Mon, 26 Aug 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

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

And So Much More!

Links from the Show

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

Get Started with “The Book on Rental Property Investing”

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

Connect with Brandon

(00:00) Intro

(01:31) Investing While Working 6 Jobs!

(07:24) First “Trainwreck” Deal

(16:17) Second “Turnkey” Property

(19:33) Becoming an Agent?

(23:13) His Financial Freedom Number

(26:08) Investing On a Low Income

(29:13) Early Retirement at 45!

(32:06) Advice for New Investors

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

BiggerNews: Have the Airbnb Bans Backfired on Big Cities? w/Taylor Marr

Fri, 23 Aug 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

And So Much More!

Links from the Show

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

Follow Taylor on Twitter

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

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

(00;00) Intro

(02:33) 2024 Housing Market Update

(05:52) Effects on Short-Term Rentals

(09:47) Airbnb Supply Update

(11:16) Are Airbnbs Oversaturated?

(14:07) The Age of "Experiences"

(16:43) How Airbnbs Impact Local Economies

(25:05) Side Effects of Airbnb Bans

(34:30) Tips for Investors

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

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

Wed, 21 Aug 2024 09:00:00 -0000

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

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

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

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

In This Episode We Cover:

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

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

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

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

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

And So Much More!

Links from the Show

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

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

BiggerPockets Market Finder

Post Your Market and Tag BiggerPockets on Instagram!

(00:00) Intro

(03:02) Ashley's First Market

(06:19) Would You Move to Invest?

(10:38) Henry's First Market

(13:41) Where to Invest in Real Estate

(14:38) Ashley's 2024 Market

(21:16) Henry's 2024 Market

(29:47) Dave's 2024 Market

(34:06) Find Your Market "Advantage"

(35:45) The Dish

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

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

Mon, 19 Aug 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

And So Much More!

Links from the Show

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

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

(00:00) Intro

(01:43) Got a Late Start?

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

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

(16:48) Why Real Estate?

(19:40) Buying "Risky" Rentals

(23:21) Getting Through Challenges

(25:05) Investing Later in Life

(28:51) Jill's Current Portfolio

(31:56) Creating Cash Flow

(36:20) Advice for Late Starters

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Fri, 16 Aug 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

Rising housing inventory and why experienced investors expected this already

The difference between the 2008 housing market crash and today

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

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

And So Much More!

Links from the Show

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

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

See Dave and James at BPCON2024 in Cancun!

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

(00:00) Intro

(04:01) New Recession Fears

(14:25) Is This Like 2008?

(18:06) What Will Cause a Crash

(31:11) What to Do During a Crash

(36:56) Opportunity for Investors

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

How to Retire Early with Fewer Rental Properties Than You Think w/Chad Carson

Wed, 14 Aug 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

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

And So Much More!

Links from the Show

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

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

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

Chad's BiggerPockets Profile

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

00:00 Intro

01:56 You DON'T Need 100 Rentals

05:18 What Do You REALLY Want?

09:53 Why Work More?

14:04 Metrics of Success

23:36 Reverse Engineering Financial Freedom

26:42 Does Door Count Matter?

33:13 What is "Enough"?

37:20 The Dish

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

From $17K/Year Teacher Salary to Financial Freedom with Repeatable Rentals

Mon, 12 Aug 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

And So Much More!

Links from the Show

Try the BiggerPockets Real Estate Investment Calculators on Your Next Deal

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

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

(00:00) Intro

(01:47) Accidentally Making Double His Salary

(06:58) Doing Everything Wrong

(11:07) Surviving the 2008 Crash

(16:37) Quitting His Job

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

(29:26) How Much These Deals Make

(31:12) Get Deals Sent to You!

(32:22) Best Tip for Newbies

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Fri, 09 Aug 2024 09:00:00 -0000

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

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

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

In This Episode We Cover:

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

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

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

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

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

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

And So Much More!

Links from the Show

Share Your Predictions on the BiggerPockets Forums

See Dave and Kathy at BPCON2024 in Cancun!

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

(00:00) Intro

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

(03:27) Inflation Rate

(07:36) Jobs and Unemployment

(12:49) Fed Rate Cuts

(17:18) Mortgage Rates

(22:12) 2025 Home Prices

(27:38) Housing Crash Coming?

(31:12) Single Men Tank the Housing Market

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

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

Wed, 07 Aug 2024 09:00:00 -0000

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

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

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

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

In This Episode We Cover:

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

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

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

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

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

And So Much More!

Links from the Show

Find Your Next Investing Market with BiggerPockets Market Finder

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

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

Ashley's BiggerPockets Profile

(00:00) Introduction

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

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

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

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

(39:15) The Dish

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

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

Tue, 06 Aug 2024 16:52:00 -0000

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

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

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

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

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

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

In This Episode We Cover

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

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

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

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

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

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

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

And So Much More!

(00:00) Welcome to BiggerPockets 2.0

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

(08:58) The Truth About Financial Freedom

(17:21) 3 Options for Investors in 2024

(25:37) The Problem with Passive Income

(30:14) Buying in Affordable Markets

(36:58) Become the Millionaire Next Door

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Fri, 02 Aug 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

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

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

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

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

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

And So Much More!

(00:00) Intro

(01:19) Lower Mortgage Rates On the Way

(06:21) Inventory Hits Recent High

(13:28) Markets with Most/Least Inventory

(15:53) Price Cuts Rise, But…

(17:33) Best Markets for Investors

(20:52) Which Homes Are Selling?

(23:04) Little Houses, Big Demand?

(26:25) What Investors MUST Know

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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3 Steps to Buying Your First (or Next) Small Multifamily Property

Thu, 01 Aug 2024 06:00:00 -0000

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

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

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

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

In This Episode We Cover

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

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

Strategies to find profitable multifamily rentals in your investing area

Analyzing rental properties in minutes with the BiggerPockets Rental Property Calculator

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

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

And So Much More!

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

998: How to Create Multiple Streams of Income Through Real Estate Investing

Wed, 31 Jul 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

How to create multiple streams of income through real estate investing

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

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

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

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

And So Much More!

Links from the Show

Connect with Other Investors on the BiggerPockets Forums

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

See Henry and James at BPCON2024 in Cancun!

How to Create Multiple Streams of Income in Real Estate

(00:00) Intro

(01:12) Making Multiple Income Streams

(04:38) How Newbies Can Start

(09:00) Owning 8 Businesses!?

(13:28) Passive Income Streams

(18:59) Which Streams to Build

(27:06) What to Start Doing NOW

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

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

Tue, 30 Jul 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

Moving to another state to chase your real estate investing dream

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

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

How to stop junk mail from being delivered to your property

First steps to take after inheriting an investment property

How to identify the best investing strategy for your market

And So Much More!

Links from the Show

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

Buy the Book “The House Hacking Strategy”

BiggerPockets Real Estate – Seeing Greene Episode 843

(00:00) iNTRO

(01:16) Relocating for Real Estate

(11:39) How to STOP Junk Mail

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

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

(34:33) Send Us Your Question!

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

996: Financial Freedom in 3 Years by Investing in “Boring” Rental Properties

Mon, 29 Jul 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

How to replace your W2 income with real estate investing

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

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

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

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

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

And So Much More!

Links from the Show

Grab Your Copy of “Rich Dad Poor Dad”

See Henry at BPCON2024 in Cancun!

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

(00:00) Intro

(02:02) 48 Hour Shifts!?

(03:17) Replacing His Salary

(10:21) Quitting and Buying First Rentals

(17:33) Current Portfolio and Financing

(21:19) Real Deal Review

(24:37) Scaling with “Controlled Growth”

(30:39) Replace YOUR W2

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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995: BiggerNews: Multifamily Market Update + Where to Find Deals NOW

Fri, 26 Jul 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

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

The oversupplied areas with opportunities for investors to buy

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

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

Affordable housing and the massive mismatch between supply and demand

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

And So Much More!

Links from the Show

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

See Henry and Kathy at BPCON2024 in Cancun!

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

(01:28) Commercial vs. Residential Real Estate

(04:24) Rent Slowly Recovers

(09:02) Will Building Slow Down?

(12:33) Job Loss and Affordability Problems

(15:33) Affordable Housing

(19:09) Good for Small Landlords?

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

(28:14) Opportunities to Look For

(35:05) One Danger to Multifamily

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

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

Wed, 24 Jul 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

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

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

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

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

Simple tweaks to your listing that will get you more bookings

2025 short-term rental predictions and what hosts should know

And So Much More!

Links from the Show

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

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

BiggerPockets’ Instagram

See Henry and Zach at BPCON2024 in Cancun!

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

(00:00) Intro

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

(02:53) Airbnb is Changing

(11:11) Airbnb is Changing

(13:34) Regulations and Airbnb Bans

(20:51) How to Stand Out

(24:45) Tips to Increase Bookings

(31:49) 2025 Predictions

(35:16) Meet Zach at BPCon24!

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

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

Tue, 23 Jul 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

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

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

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

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

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

And So Much More!

Links from the Show

Ask Your Question and Network with Investors on the BiggerPockets Forums

Grab the Book “Long-Distance Real Estate Investing”

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

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

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

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

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

(00:00) Intro

(01:14) Should I Start Flipping Houses?

(11:37) Scale or Pay Off Properties?

(15:46) Partnering on a House Hack?

(21:33) Comment Section Callout

(24:03) Residential vs. Commercial Real Estate

(41:37) Share Your Thoughts!

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

992: International Real Estate Investments: Make More by Buying Abroad?

Mon, 22 Jul 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

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

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

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

The three trips you should take before buying property abroad

And So Much More!

Links from the Show

Try Hospitable, The Highest-Rated Vacation Rental Software

Grab the Book “Long-Distance Real Estate Investing”

3 Things to Consider When Buying Properties Internationally

(00:00) Intro

(01:45) Why Invest Abroad?

(05:51) Buying in Central America

(10:50) Easy Enough for Beginners?

(20:43) Where Investors Should Buy

(26:11) Picking a Market

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Fri, 19 Jul 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

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

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

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

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

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

And So Much More!

Links from the Show

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

What does a world without Airbnb look like?

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

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

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

(00:00) Intro

(02:24) A “Tsunami” Coming?

(13:08) The Airbnb Bans Begin

(21:43) New Fees for Homebuyers?

(28:31) Cities Are Sinking

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Thu, 18 Jul 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

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

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

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

Using the BiggerPockets Rental Property Calculator to analyze deals in minutes

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

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

And So Much More!

(00:00) Intro

(02:03) Want Financial Freedom?

(09:00) 1. Finding Real Estate Deals

(12:37) 2. Evaluating Properties

(24:34) 3. Making Your Offer

(29:10) Best Tool for Beginners

(37:00) PRO CODE

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

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

Wed, 17 Jul 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

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

The Southern cash flow market with solid long-term potential

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

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

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

And So Much More

Links from the Show

Find Your Perfect Investing Market Today with BiggerPockets Market Finder

Find Your Next Investment Property with BiggerPockets Deal Finder

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

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

(00:00) Intro

(02:31) 1. Joplin, Missouri

(05:56) Easy Cash Flow?

(09:02) Why Joplin?

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

(18:18) 2. Williamsburg, Virginia

(22:16) Syndication Investing

(28:26) How to Pick YOUR Market

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

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

Tue, 16 Jul 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

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

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

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

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

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

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

And So Much More!

Links from the Show

Ask Your Question and Network with Investors on the BiggerPockets Forums

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

Grab David’s Book on the BRRRR Method

(00:00) Intro

(02:03) Scaling with “Sneaky Rentals”

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

(14:29) How to Consolidate Debt

(19:31) Where We're Investing

(24:12) When to Refinance?

(30:38) How to Fund a BIG Renovation

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

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

Mon, 15 Jul 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

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

Making millions by buying overlooked RV parks and campgrounds

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

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

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

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

And So Much More!

Links from the Show

See Dave and Henry at BPCON2024 in Cancun!

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

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

(00:00) Intro

(02:17) Campground Investing 101

(07:36) 10 Streams of Income!

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

(13:21) Know BEFORE You Buy

(19:00) From Rentals to Campgrounds

(23:17) Campground Investing Myths

(33:51) Regulations and Local Laws

(35:38) Common Campground Pitfalls

(39:42) Grab Heather’s New Book!

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

987: BiggerNews: Rate Cut Chances Increase as New "Affordable" Markets Emerge

Fri, 12 Jul 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

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

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

Why the oversupply of multifamily rentals could actually reverse soon

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

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

And So Much More!

Links from the Show

See Dave & Kathy at BPCON2024 in Cancun!

Ask Your Question in the BiggerPockets Forums

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

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

(00:00) Intro

(01:54) Rate Cuts Coming?

(11:24) Rents Are “Softening”

(19:09) How to Mitigate Falling Rents

(21:36) New Affordable Markets Emerge

(28:20) Emergency Reserves 101

(33:05) Ask Your Question!

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

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

Wed, 10 Jul 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

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

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

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

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

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

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

And So Much More!

Links from the Show

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

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

(00:00) Intro

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

(05:39) Average Cost and Size

(08:12) Do They Appreciate?

(10:02) How to Invest in Tiny Homes

(15:35) It’s THAT Cheap!?

(18:17) Insurance for Tiny Homes

(20:18) Tiny Home Tenants

(22:22) How to Get Started

(26:28) Would We Buy Tiny Homes?

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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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

Tue, 09 Jul 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

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

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

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

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

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

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

And So Much More!

Links from the Show

Ask Your Question and Network with Investors on the BiggerPockets Forums

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

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

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

(00:00) Intro

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

(06:12) How to Retire with Home Equity

(13:00) Sell Rentals for House Hack?

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

(26:04) Comment Section Callout

(28:47) Contractor’s Advice for Investors

(35:46) Build Multifamily on Inherited Lots?

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

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

Mon, 08 Jul 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

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

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

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

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

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

And So Much More!

Links from the Show

Find Your Next Investing Market with BiggerPockets Market Finder

Grab “The Book on Rental Property Investing”

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

(00:00) Intro

(01:41) Serial Side Hustler

(05:29) Buying His First Duplex

(06:57) Invest vs. Pay Off Debt

(12:42) Tom’s Portfolio

(14:40) Investing in Multiple Markets

(20:01) Finding Hot Investing Areas

(26:08) Working Less, Making More

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

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

Fri, 05 Jul 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

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

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

Skylar’s 2025 housing market and mortgage rate predictions

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

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

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

And So Much More!

Links from the Show

Access Zillow’s Free Housing Data

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

(00:00) Intro

(01:36) Homebuying Sees “Extra Slowdown”

(06:51) Homes Sitting Longer

(08:34) More Inventory On the Way?

(13:19) Zillow Updates Forecast

(17:54) Markets Seeing Price Corrections

(20:58) Hot Markets

(22:22) Where Rents Are Growing

(26:33) Investors, Watch THIS

(29:16) 2025 Predictions

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

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

Wed, 03 Jul 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

How veterans can build wealth through military real estate investing

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

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

What sellers and buyers need to know about assuming VA loans

How to find a lender that specializes in military loan products

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

And So Much More!

Links from the Show

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

(00:00) Intro

(01:14) Buying His First House Hack

(05:57) Military Real Estate Investing 101

(09:11) VA Loan Benefits & Requirements

(14:57) Reusing VA Loans & Finding Lenders

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

(23:14) HUGE Military Investing Advantages

(26:21) Connect with David!

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

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

Tue, 02 Jul 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

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

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

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

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

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

How contractors can get consistent work from investors by doing this

And So Much More!

Links from the Show

Ask Your Question and Network with Investors on the BiggerPockets Forums

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

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

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

(00:00) Intro

(01:37) How to Invest with High Rates

(07:24) Renting Out an RV?

(14:00) Questions from the Comment Section

(15:41) Sell Rentals to Recession Prep?

(23:56) What Contractors Must Know

(33:58) Subscribe for More Seeing Greene!

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

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

Mon, 01 Jul 2024 06:00:00 -0000

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

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

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

In This Episode We Cover

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

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

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

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

How to manage your business the right way so you only need to work a few hours a week

Who should (and shouldn’t) buy businesses, and how to pick one

And So Much More!

(00:00) Intro

(01:34) Buying When No One Else Would

(04:02) House Hacking an Apartment?

(06:09) Selling Off His Rentals?!

(13:06) Ditching Rentals to Buy Businesses

(15:32) Buying His First Business

(17:45) Finding Investment Opportunities

(21:07) $100K/Year Income Streams?

(24:55) Managing the Businesses

(28:28) Who Should Buy Businesses?

(30:58) How to Get Started

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-980

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979: BiggerNews: What Happens to The Housing Market if Mortgage Rates Stay High?

Fri, 28 Jun 2024 06:00:00 -0000

Mortgage rate s were supposed to be going down by now, but what happened? Even in late 2023, many housing market experts predicted that we’d be seeing high to mid six percent mortgage rates at this point and hovering around the high five percent rate mark by the end of the year, but the Fed isn’t showing any sign of lowering rates soon. Some experts even believe rates could go UP again this year as the job market stays hot and the economy sees unprecedented strength. This begs the question: What IF mortgage rates remain high?

It’s a reality many of us don’t want to see, but 2024 could end with minor, if any, rate cuts, keeping monthly mortgage payments high and affordability low. So, what should an investor do in this situation? Sit on the sidelines? Invest in a different asset class? Pray to Jerome Powell? While that last option may be worthwhile, top real estate investors are saying that NOW is the time to buy BEFORE rates fall. What do we mean?

We’ve got the entire expert investor panel from On the Market here to give their take on what investors should do IF rates don’t fall. From house flipping to long-term buy and hold rentals, our nationwide panel of investors shares exactly what they’re doing to make money even with high interest rates. Plus, we’ll give our predictions on when rates could fall, what will happen to housing inventory, what young people should do NOW to get their first house, and why investors need to “reset” if they want to thrive in this high rate housing market.

In This Episode We Cover

Mortgage rate predictions and when interest rates could finally start falling

What should investors do IF mortgage rates stay high throughout 2024

The “lock-in effect” and whether or not high rates are leading to lower inventory

The homes that are flying off the market in many areas (and the ones that are sitting)

How young people can creatively get into their first home or investment property

Why investors MUST “reset” their expectations if they’re to build wealth in this housing market

And So Much More!

(00:00) Intro

(04:45) When Could Mortgage Rates Fall?

(13:48) Inventory is Getting Gobbled Up

(19:56) Can Young People Make It?

(24:19) Investors Must "Reset"

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-979

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How to Buy Your First, Second, or Third Rental Property!

Thu, 27 Jun 2024 06:00:00 -0000

“The stack” method is how to buy rental property faster than you thought possible. With so many real estate investing beginners wondering how to build a real estate portfolio, especially in today’s market, Dave Meyer, VP of Market Intelligence at BiggerPockets, decided to reintroduce “the stack” on today’s podcast. In it, he’ll show you exactly how someone with zero real estate investing experience can go from one to two to three rentals and beyond by following this simple framework.

If you’ve struggled to buy your first rental property or never made it past the first deal, this is the episode to watch. Dave walks through how you can use “the stack” method to explode your real estate portfolio, the three simple steps to start buying rental properties today, and the one tool top real estate investors use to buy more real estate and find financial freedom faster. Beginner or investing veteran, if you’re feeling stuck but want to reach your financial goals, this might be just what you need.

Sign up for BiggerPockets Pro to get unlimited access to the rental property calculator and all the tools from today’s video. Use code “FIRSTPOD24” to receive 20% off!

In This Episode We Cover

How to buy your first, second, or third rental property using “the stack” method

The easiest way to find real estate deals in today’s market, even if you have no experience

How to analyze a rental property in just minutes with the BiggerPockets Rental Property Calculator

Financing and funding your first/next deal and why it’s not as hard as you think

The best real estate investing tool for those who want to explode their portfolios

Why real estate is the perfect investment for financial freedom

And So Much More!

(00:00) Intro

(00:35) How to Buy Your First Rental Property

(02:53) Achieving Financial Freedom

(05:03) Scared to Invest?

(09:44) "The Stack" Method

(12:11) 1. Finding Deals

(14:20) How to Analyze a Rental Property

(25:36) 2. Finding Financing/Funding

(28:34) 3. Finding Direction

(31:14) 3-Step Recap

(32:40) What Pro Investors Do

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-no-number-2

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978: How to Build Your Real Estate Investing Team (Agents, Contractors, Lenders)

Wed, 26 Jun 2024 06:00:00 -0000

If you want to grow your real estate portfolio faster, make more money with less headache, and achieve whatever financial dreams you desire, you need one thing—a real estate team. Most people don’t realize that the top real estate investors rarely do everything themselves. Instead, they’ve hand-picked real estate investing rockstars to grow their businesses FOR them. We’re talking investor-friendly agents, lenders, contractors, property managers, and more. If you can find the right people to fill those roles, you’ll be able to grow your passive income faster than you thought possible. So, where do you find them?

Dave Meyer and Henry Washington are back to give a masterclass on building your real estate team. They’ll walk you through each role—real estate agents, lenders and brokers, insurance agents, property managers, and contractors—describing what to look for, red flags to run from, and exactly where you can find the best of the best in your market. Get this right, and you’re on a fast track to real estate riches, but get it wrong, and you could delay your financial freedom!

Ready to build your investor-friendly real estate team? Check out BiggerPockets’ free team-builder to find agents, lenders, and more in your area!

In This Episode We Cover

How to build an investor-friendly real estate team from scratch

The sign of a great investor-friendly agent and clear red flags experienced investors notice

Why some lenders will lend to you much more easily than others

Why Henry ALWAYS uses an insurance broker (NOT an agent) to find policies

How to incentivize your property manager to make you more money (NOT just collect fees!)

A unique way to find quality contractors in your area and how to inspect their work BEFORE you hire them

And So Much More!

(00:00) Intro

(02:24) Real Estate Agents

(12:15) Lenders and Brokers

(22:08) Insurance

(25:27) Property Managers

(34:26) Contractors

(44:07) Where to Find Your Team

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-978

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977: Seeing Greene: Exiting Bad Deals, Going Over Budget, & the BEST First Rental

Tue, 25 Jun 2024 06:00:00 -0000

Every investor would love some extra cash flow…but at what cost? Does it make sense to go all in on a large down payment so that more money trickles in each month? If you want minimal debt, have no plans to scale, and are confident that your new property will appreciate, perhaps. But if your goal is to buy more rental properties and build your portfolio as quickly as possible, there are much better ways to leverage your cash position. In this Seeing Greene, we help a new investor navigate this exact scenario when buying his first property!

Next, we hear from someone whose earnest money deposit (EMD) is wrapped up in a failed medium-term rental. Should she cut her losses and walk away from the deal or weather the storm until the property can cash flow? Stick around to find out! Finally, we chat with an investor who has gone over his rehab budget and finds himself knee-deep in high-interest credit card debt. David and Rob walk him through the steps that will allow him to consolidate his bad debt and turn a ROUGH situation into MORE rentals!

Get a BIG incentive on turnkey rentals from today's show sponsor, Rent to Retirement. Visit them at RentToRetirement.com or text "REI" to 33777!

In This Episode We Cover

Whether you should ever force cash flow with a larger down payment

The BEST first rental property to buy (and how much money you’ll need)

Saving up for ONE property versus buying multiple rentals

Creative ways to get out of a BAD deal (and when to ride it out instead!)

How to get back in the green after overshooting your rehab budget

And So Much More!

(00:00) Intro

(01:30) Which Rental Should I Buy?

(07:34) The Medium-Term Rental Fiasco

(15:23) Comment Section Callout

(19:06) Help, I’ve Gone OVER Budget!

(33:05) Ask Us Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-977

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976: How to Start Mobile Home Investing (The Right Way) for Just $15,000

Mon, 24 Jun 2024 06:00:00 -0000

Can you start investing in real estate with just $15,000? Yep, and mobile home investing is how you do it. We know what you’re thinking, “I don’t want to own trailers! I want to invest in “real” houses where the “real” money is at!” That’s what today’s guest John Fedro thought too some twenty years ago when he stumbled into mobile home investing, which, at the time, was even too embarrassing for him to share. But, over the past two decades, this at-first “embarrassing” investment has made him wealthy, and if you follow his lead, it can do the same for you.

John has successfully made money with mobile homes in various ways: buying and flipping, wholesaling, renting, and seller financing, the main topic of today’s episode. He provides a masterclass on how to make money buying and selling mobile homes, where you essentially take on the role of the bank. However, it’s crucial to be cautious. Mishandling this could lead you into an ethical gray area and potentially harm your buyer. On the other hand, getting it right can create a win-win situation for both the buyer and seller while making you wealthy.

John shares his whole strategy, plus how he’s getting into deals for $15,000 and often making DOUBLE his money and $400 per month (or more) cash flow per door when he seller finances these properties. If you want a way to get into real estate investing without a ton of cash but with the potential to make a serious return on your money, this may be your winning strategy.

In This Episode We Cover

The three “levels” of mobile home investing and how much each costs to get into

The danger of seller financing the wrong way and how it can hurt your buyer

Why you MUST background check EVERYONE you seller-finance a mobile home to

One thing that new mobile home investors overlook that can ruin your properties

The exit strategies you must know about to avoid losing money on your next deal

Whether or not we would invest in mobile homes (and our concerns with seller financing)

And So Much More!

(00:00) Intro

(02:32) Seller Financing...Mobile Homes?

(11:18) Win-Win Seller Financing

(16:52) 3 "Levels" of Mobile Home Investing

(22:08) How Much to Invest?

(23:53) Cash Flow and Profit Numbers

(26:51) What to Look Out For

(32:38) New Investors, Do THIS!

(33:52) Would WE Invest In It?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-976

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975: BiggerNews: Rent Price Updates and Why Landlords Are Optimistic About 2024 w/Zumper’s Anthemos Georgiades

Fri, 21 Jun 2024 06:00:00 -0000

The rental market could finally be returning to stability after a wild past four years. Since 2020, we’ve seen rent prices skyrocket almost overnight, with huge asking price increases for single-family homes, multifamily apartments, and everything in between. But that trend quickly reversed as the fight against inflation began, mortgage rates rose, and would-be homebuyers sat still, not knowing whether to stay renting or search for a home. But, a return to “equilibrium” may be coming soon, and that’s good news for landlords and renters alike. To break it all down, Zumper’s Anthemos Georgiades joins the show to share his team’s latest rent data.

Anthemos brings some surprisingly good news for landlords, from new month-over-month rent growth data to consumer preferences shifting to a more renter-focused lifestyle; now may be the moment landlords have been waiting for as renter demand looks promising and rates stay high. We’ll also discuss the inflation lag effect our rental market has caused and how to stay on top of current rent prices.

Has the dream of homeownership died? And if so, how do YOU attract the long-term renters who want to make a home out of your house (while paying YOU rent!)? Stick around for this rental market update every landlord needs to know about.

Support today’s show sponsor, Rent App: the free and easy way to collect rent!

In This Episode We Cover

Rent growth updates and why rents for some units are starting to climb

Single-family vs. multifamily demand and which asset is seeing the most strength

Why Anthemos is predicting a return to “equilibrium” for landlords this summer

The massive effect rent has on inflation and how housing shifts the economy

Is the “American Dream” dead? Why young Americans are ditching homeownership

Where to find free, up-to-date rent price data so YOU can make the most from your rental

And So Much More!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-975

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974: Maximalism: The New Renter-Friendly Trend Landlords Can’t Overlook w/Tay “BeepBoop” Nakamoto

Wed, 19 Jun 2024 06:00:00 -0000

Want to really stand out in your market? A few renter-friendly interior design ideas can make a world of difference, elevating a run-of-the-mill property into one that attracts tenants and guests and stays occupied year-round. Today’s guest has some affordable, do-it-yourself (DIY) design hacks centered around “maximalism,” the design trend you can’t afford to not know about.

Welcome back to the BiggerPockets Real Estate podcast! If you want to boost your property’s value, keep renters happy, and get even MORE cash flow from your portfolio, you’ve come to the right place. Today, interior designer Tay “BeepBoop” Nakamoto joins the show to share some of her most popular rental design tips. Regardless of your investing strategy, whether you own short-term rentals or are flipping houses for a profit, you won’t want to miss out on these enormous value-adds. The best part? They are extremely cost-effective, easy to implement, and, most importantly, reversible!

In this episode, Tay delves into maximalism—the interior design trend that is taking the world by storm in 2024—and shares how you can seamlessly integrate this popular style with your rental properties. She even shares some of the best places to find furniture, décor, and materials, as well as some common pitfalls to avoid when tackling your own home renovation projects!

In This Episode We Cover

The best renter-friendly, do-it-yourself (DIY) design hacks for rentals

How to implement maximalism throughout your rental properties

Why you must know your limits when making design changes

Where to find budget-friendly furniture and décor for your property

How landlords can benefit from keeping up with the latest design trends

Common pitfalls to avoid when tackling your own home design projects

And So Much More!

(00:00) Intro

(01:17) What Is Maximalism?

(04:31) Fixing Up Her First Home

(11:02) Renter-Friendly DIY Projects

(20:50) Common Pitfalls & Cosmetic Changes

(26:42) How to Implement Maximalism

(27:49) Connect with Tay!

(28:24) Boost Your Property's Value!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-974

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973: Seeing Greene: Retiring Early, ARMs vs. Fixed-Rate Mortgages, & When to Sell

Tue, 18 Jun 2024 06:00:00 -0000

Want to retire early? Real estate investing might be your best bet. Looking to boost your cash flow and expand your real estate portfolio, too? In today’s show, we’re sharing how to use home equity to build wealth the RIGHT way, plus the “portfolio architecture” secrets that enable you to retire earlier than you thought. Whether you’ve got one rental or a hundred or are just starting to dig into real estate investing, we’ve got the investing information you need on this Seeing Greene to reach true financial freedom.

First, an investor sitting on $300,000 of equity asks what he should do: sell his current rental property and buy more OR convert the single-family home into a multifamily investment. The answer isn’t as clear-cut as you’d think. Next, we discuss whether ARMs (adjustable-rate mortgages) vs. fixed-rate mortgages are your best bet for a lower mortgage rate. Plus, we'll share the five BIG mistakes new real estate investors can make. Finally, David describes “portfolio architecture” to an investor who wants to retire by age fifty. He CAN get it done, and you can, too, IF you follow David’s massive passive income plan!

Want to ask David and Rob a question? If so, submit your question here so they can answer it on the next episode of Seeing Greene, or hop on the BiggerPockets forums and ask other investors their take!

In This Episode We Cover

How to retire earlier with rental properties by strategizing your “portfolio architecture”

Using home equity to invest and whether you should renovate a property or sell it and buy more rentals

Adjustable-rate mortgages (ARMs) vs. fixed-rate mortgages and the “rate roulette” you could be playing

Five real estate investing beginner mistakes you should avoid when using the BiggerPockets Forums

How to explode your cash flow by converting your long-term rental into a short or medium-term rental

And So Much More!

(00:00) Intro

(01:31) Buy More Rentals or Convert Current One?

(07:33) ARM vs. Fixed- Rate Mortgages

(16:43) 5 Mistakes New Investors Make

(21:08) Portfolio Architecture (Retire Early!)

(32:05) Moving “Lazy” Equity

(42:09) Note Investing 101

(51:12) Starting a Business

(53:50) Ask Us Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-973

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972: 3 Beginner Steps to Find Undervalued Real Estate in ANY Market

Mon, 17 Jun 2024 06:00:00 -0000

What sets apart the wealthy from the wannabes when investing? Knowing how to find real estate deals! You’ll be ahead of ninety-nine percent of investors if you know how to find off-market real estate deals and discounted on-market properties. Today, we’re giving you everything you need to know to find real estate deals in your market, no matter your budget, and even if you have zero real estate investing experience.

Henry Washington, co-host of On the Market and author of Real Estate Deal Maker, is on to condense his seven years of investing into simple steps YOU can follow to find undervalued real estate. You’ll learn what a great real estate deal is, how to spot one even if you’ve never invested, why buying right is what REALLY makes you rich, three steps to start finding deals today, and the beginner mistake that’ll stop the deals from coming your way.

Plus, Henry even shares the hidden on-market deals ANYONE can find (if they’re up to it). If you follow these steps, you’ll have a steady stream of real estate deals flowing your way. But if you don’t, you could waste years of building wealth waiting for the right deal to fall into your lap. So, are you going to take action or make excuses?

In This Episode We Cover

How anyone in any real estate market can find undervalued real estate deals

The three steps to finding discounted deals and why most people give up too soon

Hidden on-market deals that anyone with a real estate agent can find

The biggest beginner mistake you can’t afford to make (it’ll could cost you…)

Why you DON’T need a ton of time and money to start finding off-market real estate

And So Much More!

(00:00) Intro

(02:08) What Makes a Great Deal?

(06:34) How You Really Make Money

(08:10) 3 Steps to Find Deals

(16:21) Biggest Beginner Mistake

(20:37) Learning From the Best

(23:29) Hidden On-Market Deals

(29:09) Most People Won’t Do This

(33:02) Beginner Steps to Take

(35:26) Grab Henry’s Book

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-972

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971: BiggerNews: Mid-Year Housing Market Update + Mortgage Rate Forecast w/Redfin Chief Economist Daryl Fairweather

Fri, 14 Jun 2024 06:00:00 -0000

We’re almost halfway through 2024, and the housing market is at a standstill. Mortgage rates are high, inventory is low, buyers have fewer choices, and many homeowners refuse to put their properties up for sale. But could things change in the second half of this year if interest rates fall and inventory improves, even if ever so slightly? We brought Redfin Chief Economist Daryl Fairweather on this BiggerNews episode to get her team’s latest 2024 housing market predictions.

First, Daryl explains how our stubbornly strong economy put the Federal Reserve in a challenging position and whether or not we could hit the magic two-percent inflation rate goal. Will buyers ever get a break in this tough housing market, and could lower interest rates improve things? Daryl shares what she thinks will happen once the Fed finally cuts rates, how low rates could go, and whether or not this will heat home prices up yet again.

Some “unusual demand” may come late this year for housing, but will agents, brokers, and sellers see the traditionally hot summer season they’ve been waiting for? We’re answering all these questions and more with this housing market data leader on this BiggerNews episode!

Support today’s show sponsor, Rent App: the free and easy way to collect rent!

In This Episode We Cover

2024 housing market and mortgage rate predictions from Redfin’s Chief Economist

How our economy has stayed so stubbornly strong EVEN with rate hikes

Homeowner control and why buyers may be in an even worse position AFTER rates fall

Improving housing inventory and what’s contributing the most to more homes on the market

Why inflation may NOT need to hit the two-percent target for the Fed to lower rates

The “lock-in effect” explained and why more homeowners with low rates could start selling

And So Much More!

(00:00) Intro

(01:38) A Stubbornly Strong Economy

(07:03) Housing Is STILL Hot?

(13:23) Mortgage Rate Prediction

((18:29) Will Inflation Fall?

(20:56) 2024 Predictions

(23:53) An Opportunity for Investors

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-971

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970: 5 Mistakes to Avoid When You Start Investing in Real Estate

Wed, 12 Jun 2024 06:00:00 -0000

Before you start investing in real estate, make sure you hear this episode. Almost every beginner ends up making these five big real estate investing mistakes. Some cost money, some cost time, but all of them cost you peace of mind and push you further away from achieving financial freedom. We’re breaking down these five big mistakes so you can avoid them and start building wealth faster!

Dave Meyer and Rob Abasolo are back today to discuss the five common real estate investing mistakes to avoid. From buying bad deals to doing wrong calculations, getting stuck in analysis paralysis, and beyond, even our expert investors have fallen into these beginner traps a few times. However, their previous mistakes could make you money as they share exactly how to avoid these rental property investing pitfalls.

If you want to invest in real estate but are stuck, scared that you’ll make the wrong move, jump into today’s episode and take notes. If you can avoid these real estate investing mistakes, you’ll not only end up richer but with far less grey hair than even the most savvy investors. Let’s get into it!

In This Episode We Cover

The five biggest real estate investing mistakes that beginners make (and YOU can avoid)

Why even a profitable rental property can be the “wrong” deal for you

The one thing that most new investors leave out when they’re analyzing real estate deals

The “sacrifices” you can make to get the money for your first or next real estate deal

Why you should NOT borrow money to buy your first investment property

The problem with real estate partnerships and why they’re so easy to get wrong

An antidote to analysis paralysis that’ll stop you from sitting on the sidelines

And So Much More!

(00:00) Intro

(01:25) 1. Buying the Wrong Deal

(05:57) How to Avoid Bad Deals

(07:14) 2. Analyzing Wrong

(11:09) 3. “Lacking” Money

(23:23) How to Do Partnerships

(25:49) 4. Getting “Stuck”

(29:01) Escaping Analysis Paralysis

(31:12) 5. Doom and Gloom

(34:18) Talk to THESE People

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-970

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969: Seeing Greene: I Can’t Find Tenants! Should I Sell or Lower My Rent?

Tue, 11 Jun 2024 06:00:00 -0000

Your rental properties are sitting vacant—what do you do? Do you sell or lower your rent price to spark some interest? Will reducing your rent open you up to bad tenants? We’re getting into exactly what you should do in this sticky landlording situation, and many others, in this episode of Seeing Greene. This time, we’re sharing wisdom on what to do when you can’t find tenants, how to invest with just $15,000 in 2024, which rental property mortgage to pay off first, and whether to keep or sell your newly renovated rental.

As usual, your real estate investing experts, David Greene and Rob Abasolo, are on the show to help answer any investing question you can think of. Our first video submission comes from a new investor who is completing his first BRRRR (buy, rehab, rent, refinance, repeat). With only $15,000 in the bank and a desire to build a real estate portfolio, what’s the BEST way to use such a small amount of cash? Next, a landlord with multiple rentals wants to know which mortgage to pay down first: her primary residence or her other rentals. An out-of-state investor with a vacant property struggles to find a tenant even after lowering his rent price. A medium-term rental owner with a burnt property asks whether to sell or re-rent the property after his insurance-paid renovations are completed.

In This Episode We Cover

Struggling to find tenants? What to do if you think your rent price is too high

Building a real estate portfolio with just $15,000 and why you must use the “BRRRR method”

Paying off your mortgage early and whether to prioritize loan balance or interest rate when picking which property to pay off

The huge danger of using a HELOC (home equity line of credit) to pay off a property

What to do after you renovate/rebuild a rental property—keep or sell it?

And So Much More!

(00:00) Intro

(01:24) Build a Portfolio with $15K?

(10:43) Which Mortgage to Pay Off First?

(20:22) I Can’t Find Tenants!

(30:00) Sell or Keep Renovated Rental?

(35:30) Ask Us Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-969

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968: Making $10,000/Month PER Rental with These Guaranteed Cash Flow “Contracts” w/Noble Crawford

Mon, 10 Jun 2024 06:00:00 -0000

Want to know how to make millions WITHOUT owning real estate? Rental arbitrage is the strategy for you. And maybe you’ve heard about it before, but we promise you’ve never heard anything like this. Today’s guest is bringing in millions of dollars through “guaranteed” rental arbitrage contracts that last YEARS. You heard that right—guaranteed rent for years, often at the highest price on the market. And you don’t need to own a single rental property to try this strategy. So, how do you get started?

If you’re looking to make big money with big deals but don’t have the deep pockets to buy a hundred-unit apartment complex, Noble Crawford has what you need. After choosing his wife’s health over his day job, Noble realized he needed an income stream he could depend on—one that wouldn’t be ripped away from him when life’s challenges arose. He learned about Airbnb investing and, by default, rental/Airbnb arbitrage. When the opportunity came for him to house medical students in need, he jumped at the chance and found a seriously lucrative investing avenue.

In today’s episode, Noble will walk through exactly what you can do to start making tens of thousands, if not millions, with rental arbitrage. Plus, he’ll share how to get the deeply-desired government contracts that guarantee you top-of-the-market rent for YEARS.

In This Episode We Cover

How to use “rental arbitrage” to invest in real estate without owning a single property

The lucrative government housing contracts that can make you millions (seriously!)

How Noble gets up to $10,000 per month per unit with these lucrative cash flow contracts

Crucial first steps to starting your rental arbitrage empire (don’t get these wrong)

Exactly where to find and how to get in touch with agencies that are looking for housing

And So Much More!

(00:00) Intro

(01:23) Cash Flow “Contracts”

(04:38) $10,000/Month from ONE Rental?

(09:23) Leaving His Job

(12:20) Moving from Airbnb to Contracts

(18:44) How to Compete for Contracts

(26:30) How to Get Started

(35:01) Connecting with Agencies

(36:53) You NEED This Document

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-968

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967: BiggerNews: Apartment Investing Took a Huge Hit, Is a Comeback On the Way? w/Brian Burke

Fri, 07 Jun 2024 06:00:00 -0000

Almost overnight, multifamily investing went from red-hot to something not even the most experienced investors would touch. After interest rates went up, rent growth stalled, and apartment supply flooded the market, the apartment investing industry became the ugly duckling of real estate. Owners struggled to get tenants and had huge balloon payments due, and no one was there to save them. But one man predicted that this would happen before anyone else—Brian Burke.

After seeing a crash on the horizon, Brian sold off most of his multifamily real estate portfolio and did it at just the right time. Now, he has a new prediction that could make apartment investors very happy. But a market turnaround won’t come quickly, and if you want to ensure you don’t make the same mistakes most multifamily investors made in 2020 - 2022, you’ll need to hear this BiggerNews episode.

In this BiggerNews, Brian walks through everything that went wrong with multifamily real estate, signs it’s time to sell your properties, and some hope on the horizon for 2025 that most investors have no idea about.

Support today’s show sponsor, Rent App: the free and easy way to collect rent!

In This Episode We Cover

A multifamily real estate update and Brian’s buying plans for 2024 and 2025

The “sobering reality” of the perfectly timed “traffic accident” that hit multifamily all at once

Why as soon as you sense “irrational exuberance,” it may be time to sell your real estate

An optimistic prediction from Brian on when multifamily could finally get back on its feet

Syndication struggles and what every syndicator/investor should be doing NOW

Why the multifamily oversupply may NOT be a problem in the coming years

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Listen to Dave on the “On The Market” Podcast

BiggerPockets’ Instagram

On the Market Podcast 214 – What to Know About “Capital Calls” As Multifamily Syndications Get “Squeezed” w/Brian Burke

Book Mentioned in the Show

The Hands-Off Investor by Brian Burke

Connect with Brian:

Brian’s BiggerPockets Profile

(00:00) Intro

(01:57) "Irrational Exuberance”

(08:52) Investors Get Hungry

(11:34) Developers Come In

(14:34) The Sobering Reality

(19:01) Distressed Properties

(22:02) Don’t Buy Anything?

(23:41) Long-Term Multifamily Predictions

(26:30) Syndication Struggles

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-967

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966: Top Investors Reveal Their Worst Real Estate Deals (DON'T Repeat Them!)

Wed, 05 Jun 2024 06:00:00 -0000

Think you've got a bad real estate deal? We doubt it comes even close to what we’re about to share. Today, the experts are in to talk about bee-infested rental properties, risky flips, “wholetail” failures, and other ways that they’ve lost money with real estate deals gone wrong. Why are we sharing such horrific stories? Because we want YOU to be able to avoid the same fate on your first or next investment property. Take a seat, get some popcorn, and pray that your properties won’t turn out like this…

First, Henry Washington from the On the Market podcast shares his recent luxury flip…or should we say, luxury “flop.” This property was poised to make him up to a six-figure profit, but it didn’t work out that way. One simple mistake ruined this real estate deal and forced Henry to slowly pay away all his profits to a hard money lender. Next, our own Rob Absolo talks about the dangers of NOT looking at the comps when doing a “wholetail” deal and how you could easily find yourself with a home worth less than what you put into it.

Finally, the deal of all horrible deals comes out…David Greene’s deal. Where do we even start? Permit problems, mold, bee infestations, and NO way out—this short-term rental gone wrong is costing David hundreds of thousands of dollars, and with little light at the end of the tunnel, he may be forced to do something drastic. So, how do YOU avoid these nightmarish real estate deals? Stick around so you know exactly what NOT to do.

In This Episode We Cover

Three of the worst real estate deals our investing experts have ever done

Why not knowing your neighborhood can cost you BIG on your next house flip

The danger of hard money loans and the massive interest they come with

Why you NEED a partner/mentor in your area to confirm a property’s worth

The so-called “landlord-friendly” state that’s actively trying to ruin David Greene

How nosy neighbors can end up costing you hundreds of thousands of dollars

Whether or not our investing experts regret investing in real estate after this

And So Much More!

(00:00) Intro

(01:24) A Risky Luxury Flip

(06:02) Final Numbers and Exit Plans

(09:19) Henry’s Mistake

(11:14) An Overpriced Wholetail

(15:04) Rob’s Mistake

(23:23) The City Ruined My Real Estate

(32:43) David Lost HOW Much!?

(36:19) How to Avoid This

(39:07) Do We Regret It?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-966

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965: Seeing Greene: Insurance and Taxes Killed My Cash Flow, Should I Sell?

Tue, 04 Jun 2024 06:00:00 -0000

Want a quicker way to buy rental properties? One that takes less cash, less time, and is beginner-friendly? Then you’re in the right place! In this Seeing Greene, we’re talking about the “sneaky rental tactic” that can help you build a real estate portfolio in just a few years. And if insurance and property taxes have been eating away all your cash flow, we go through a real-life investor’s situation to determine whether he should hold, fold, or change his real estate strategy. All that, and more, is coming up!

Like most investors in America, your property expenses are rising, but rent isn’t climbing at the same rate. What do you do when your cash flow disappears? That’s what our first investor is asking. Then, a house hacker wants to know how to get into his second property and what rules he has to follow to house hack once again. A rent-by-the-room investor gets given an ultimatum by his potential tenant—what should he do? We’ll also discuss the difference between “cheap” and “bad” houses, what to look for in a home inspection, and what to do when guests throw a party at your Airbnb.

Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!

In This Episode We Cover

Whether to keep or sell a rental property if it no longer brings in monthly cash flow

The “sneaky rental tactic” anyone can use to buy their first (or next) investment property

How many checking accounts you should have for your real estate portfolio

Renting-by-the-room and what to do when a tenant has make-or-break demands

The problem with buying “cheap houses” and why we steer clear of them

What we look at in a home inspection report and what you should always ask the inspector

How to stop parties and large gatherings from happening at your Airbnb or short-term rental

And So Much More!

(00:00) Intro

(01:51) Sell My Low-Cash-Flow Rental?

(07:30) The “Sneaky” Rental Tactic

(12:55) How Many Checking Accounts?

(15:05) Buying “Cheap” Houses

(21:50) Home Inspections 101

(27:58) Ask Airbnb Guests for ID?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-965

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964: Retiring His Parents by Buying Unwanted, Overlooked Real Estate Deals w/Logan Koch

Mon, 03 Jun 2024 06:00:00 -0000

One investment property could change your life, especially if you buy the right one. Logan Koch, an investor in Pittsburgh, Pennsylvania, was buying investment properties for one specific goal: To retire his parents. With a $45,000/year cash flow target in mind, Logan and his parents went to work, finding small multifamily rental properties to buy, fix, and increase rents on. But one day, Logan stumbled across a commercial real estate deal that nobody wanted, one with huge signs of opportunity.

In today’s show, Logan lays down step-by-step exactly what he did to find this unwanted and unnoticed commercial real estate investment, how he was able to DOUBLE the cash flow on it, the massive return on investment he’s walking away with, and even how he got the city to lower his property taxes by two-thirds! The best part? None of what Logan did requires expert-level investing knowledge. Anyone, even a complete real estate investing beginner, can follow Logan’s same thought process to find and buy undervalued real estate deals.

Do you want to start building some retirement (or early retirement) cash flow for yourself or your parents? These are the exact types of deals you should be on the lookout for! Stick around as we discuss Logan’s almost unbelievable return on this cheap investment property everyone else was overlooking!

In This Episode We Cover

Telltale signs that a property’s expenses are WAY too high (and how to lower them significantly)

Setting a cash flow retirement goal that’ll allow you to retire (or retire early) on your timeline

How Logan cut his property tax bill on this investment by over sixty percent!

Seller financing and how to get creative when buying commercial real estate

BRRRR-ing a big property and how Logan bought $15,000/year cash flow for just $20,000!

And So Much More!

(00:00) Intro

(01:58) Investing to Retire His Parents

(05:50) Small Multifamily, Big Cash Flow

(11:42) Finding the Opportunity

(19:01) Cutting Property Taxes by 66%

(22:22) A 75% Return!?

(29:19) The Rental Retirement Plan

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-964

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963: BiggerNews: 6 Rules for Real Estate Investing in 2024 w/J Scott

Fri, 31 May 2024 06:00:00 -0000

Real estate investing in 2024 isn’t as easy as a few years ago. When interest rates are low, housing inventory is high, the economy is booming, and everyone’s happy, real estate investors can take considerably more risks with bigger payoffs. But now, only the most savvy investors are finding cash flow, appreciation potential, and wealth-building properties. So, with little hope in sight for lower rates or home prices, how do you ensure you’re building wealth, not getting burnt, in the challenging 2024 housing market?

If there’s one person who knows how to invest during tough times, it’s J Scott. He literally wrote the book on recession-proof real estate investing and has flipped, landlorded, and syndicated through booms, busts, and the in-between periods. Today, J is laying down his six rules for real estate investing in 2024, which he’s following himself to ensure his portfolio doesn’t just survive but thrive, no matter what the housing market throws his way.

First, we dive into the factors causing such a harsh housing market and whether J thinks home prices will rise, flatten, or crash. Next, J walks through the six rules for real estate investing in 2024. We’ll talk about appreciation potential, rising expenses like insurance and property taxes, the riskiest investing strategies of today, loans that’ll put your real estate deals at risk, and why you MUST start paying attention to your local housing laws.

Support today’s show sponsor, Rent App: the free and easy way to collect rent!

In This Episode We Cover

The six rules for successful real estate investing in 2024 from a time-tested expert

Inflation, interest rates, home values, and why the housing market has significantly slowed down

What rising expenses like insurance premiums, property taxes, and labor will do to your rentals

The one thing you CAN NOT assume when analyzing real estate deals (big potential mistake)

Adjustable-rate mortgages (ARMs) and why J is avoiding these at all costs

Rent control, short-term rental regulations, and housing laws that could put your rentals at risk

And So Much More!

(00:00) Intro

(01:30) What Affects the Housing Market?

(11:20) 1. Don’t Bet on Appreciation

(15:46) 2. Expect Higher Expenses, Lower Rent

(20:37) 3. Know the Risks of Flips

(26:46) 4. Avoid Adjustable-Rate Loans

(28:48) 5. Buy What You Can Hold

(33:15) 6. Pay Attention to Local Laws

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-963

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How to Use the BRRRR Method to “Invest on Repeat”

Thu, 30 May 2024 06:00:00 -0000

Want to reach financial freedom faster? The BRRRR method is how you do it. Seriously—the BRRRR strategy is almost too good to be true, which is why so many real estate investors use it as the stepping stone to start building wealth. In short, the BRRRR (buy, rehab, rent, refinance, repeat) method allows you to reuse and recycle your money repeatedly, turning one sum of cash into multiple investment properties or an entire portfolio! This allows you to build your real estate portfolio faster WITHOUT having to wait around to save up tons of capital to invest.

But how do you use the BRRRR method to build wealth, passive income, and financial freedom? We’ve got a financially free investor, Dave Meyer, on the show to walk through the three steps of completing a BRRRR real estate deal. From finding the properties to analyzing them for maximum profit potential and refinancing to get your money back out, these are the steps a beginner needs to take to do their first BRRRR deal. Plus, we’ll even show you a tool that runs the numbers for you in just minutes so you can get your first or next investment property even faster!

Want to do BRRRR deals like the pros? Sign up for BiggerPockets Pro to unlock unlimited BRRRR calculator usage and access all the elite investor tools by using code “BUYPOD24” at checkout. Plus, you’ll score a sweet discount and over a thousand dollars in bonuses!

In This Episode We Cover

The BRRRR method explained and how to use it to “invest on repeat”

Why BRRRR may be one of the best ways to reach financial freedom FAST

The risks of the BRRRR method (and easy ways to get around them)

How to find perfect properties for the BRRRR method (and Dave’s favorite way to find deals)

Analyzing a BRRRR deal from start to finish (in just minutes!) with the BRRRR calculator

How to get funding for your first or next BRRRR deal with these investor-friendly lenders

And So Much More!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-no-number

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962: How to Buy a Home (or Entire Neighborhood) With Your Friends and Family w/Phil Levin

Wed, 29 May 2024 06:00:00 -0000

Imagine living in a home where your next-door neighbors are your best friends or family members. We know you’ve thought about it before—starting a compound with all the people you love, everyone helps each other, watches each other’s kids, the community stays safe, and you barely have to drive! This is exactly what co-ownership homes, co-buying, and co-living can do for you! But getting a dozen or so people together to do a real estate deal can be a little tricky; that’s why we have Phil Levin, founder of Live Near Friends, on the show to help.

Phil lives in his own housing “cluster” with nineteen (yes, nineteen) of his closest friends. He believes that being near your loved ones helps you live a happier, safer, and more contented lifestyle—and we agree! There are massive positives to living in a neighborhood with your friends. We’re talking free babysitters, consistent helping hands, less driving and more walking, and, of course, being able to see your best friends almost every day of the week. But practically, how does one start building a community like this?

Phil walks through the different setups anyone can try to begin living with and around their friends and family, from co-buying with one or multiple others to starting a “minihood” and making your own part of the block, or building an ADU (accessory dwelling unit) for a close friend or two to live in. He even talks about the rising demand for this type of co-living and what developers and real estate agents can do to make serious profits from this growing trend.

In This Episode We Cover

Co-ownership, co-living, and co-buying explained and how to live with your best friends

The massive benefits of living near family and friends (especially if you have kids!)

The “law of proximity” and boosting your lifestyle by co-living with more happiness and less stress

Creating a “minihood” where you and your friends all live within walking distance

How real estate developers can get a jump on this fast-growing co-ownership trend

And So Much More!

(00:00) Intro

(01:24) Compound Living

(04:00) How to Start Coliving

(07:15) Benefits to Living with Friends

(10:51) “Cobuying” with Friends/Family

(16:39) Huge Demand for This Housing

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-962

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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961: Seeing Greene: How to Avoid High Down Payments and When to BRRRR vs. Buy New

Tue, 28 May 2024 06:00:00 -0000

One of the biggest hurdles to rental property investing? High down payments. Most lenders want you to come to the table with twenty to thirty percent down, but with home prices averaging around $400,000, it might not be easy to come up with $80,000 to $120,000 on your next deal, especially with today’s high cost of living. So, how do you skirt the high down payment requirements while still locking up solid real estate deals? We’re showing you how in today’s Seeing Greene!

First, a Hawaii investor struggles to scale his real estate portfolio with the state’s significant down payment requirements. David and Rob give him some creative ways to still get deals done. A median-income-earning new investor wants to know whether to buy a new construction home or BRRRR his way to wealth. Then, we debate whether a high down payment with cash flow beats a low down payment with negative cash flow. Looking for a better interest rate on your next deal? We’ll share the seller finance strategies you can use to buy off-market properties, plus whether or not you can buy two houses at once with the same preapproval.

Support today's show sponsor, Rent to Retirement, by checking out their turnkey rental properties for sale!

In This Episode We Cover

How to get around high down payment requirements on your next deal

BRRRRing (buy, rehab, rent, refinance, repeat) vs. buying new build homes

Weighing the pros and cons of a high down payment with higher cash flow

The ONLY type of investor who should purchase negative cash flow properties

Seller financing 101 and how to find these hidden deals with rock-bottom rates

Buying two houses with the same preapproval and whether it’s even possible

And So Much More!

(00:00) Intro

(01:07) How to Avoid High Down Payments

(11:36) BRRRR or Buy a New Build?

(20:35) Take Negative Cash Flow?

(24:50) Comment Section Callout

(27:36) Getting Seller Finance Deals

(34:24) Buying Two Houses at Once?

(36:53) Ask Us Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-961

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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960: No Cash Flow in Your Market? How to Invest Out-of-State Like a Pro w/Jessica and Shyd Coloma and Michael Gallagher

Mon, 27 May 2024 06:00:00 -0000

Looking for monthly cash flow but live in an expensive real estate market? It sounds like you need to start buying rental property OUT of state. After realizing that real estate investing could be the wealth-builder they needed, Jessica and Shyd Coloma wanted to get in the game. But in pricey Southern California, finding passive-income generating rental properties was next to impossible. So, they began looking out of state. Thanks to BiggerPockets Agent Finder, they met Ohio-based agent Michael Gallagher, and now, just a couple of years later, they have a cash-flowing rental property portfolio!

Michael was able to quickly show the couple which cities offered cash flow, appreciation, and a bit of both, as well as the parts of town that were seeing the most growth. They ended up buying a duplex for under $100,000, saw instant cash flow, and decided they needed more! In today’s show, they’ll walk through all the numbers of their first and second deals, how their rock star agent saved the day multiple times, and what you MUST look for in an out-of-state investing market.

Need an investor-friendly agent? Use BiggerPockets Agent Finder to connect with local agents in your investing area for free!

In This Episode We Cover

Long-distance real estate investing and how to buy rentals from 2,000+ miles away

Building your "buy box" so you know exactly what you want in an out-of-state market

Cash flow vs. appreciation and which cities in Ohio offer which benefits

Finding a property manager remotely and whether local managers beat national ones

Short-term rentals, medium-term rentals, and the strategies to get even more cash flow out of your rental

One huge closing hiccup Jessica and Shyd ran into that you should be on the lookout for

And So Much More!

(00:00) Intro

(01:22) Investing Out of State

(08:24) $87K First Rental Property!

(13:07) Finding a Property Manager

(15:06) 2nd Deal in Columbus

(23:34) Closing Hiccups and Final Numbers

(29:09) Keep Investing in Ohio?

(31:29) Ready to Invest Out of State?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-960

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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959: BiggerNews: 2024 Housing Market Update and Why Prices Are Still Rising

Fri, 24 May 2024 06:00:00 -0000

The 2024 housing market isn’t turning out how most of us thought. At the beginning of the year, real estate investors were hopeful that mortgage rates would fall, affordability would return, and home prices would have a chance to stabilize before going back up. But none of those things happened. Rates are still high, affordability is at a forty-year low, and home prices are slowly rising even with diminished demand. Why is this happening, and what’s causing these market moves? All that and more, with VP of Market Intelligence at BiggerPockets, Dave Meyer, in this BiggerNews episode.

We’re giving you an entire wrap-up of the 2024 housing market (so far) on today’s episode as Dave goes through the data behind affordability, home prices, inventory, sales, and which real estate markets are faring the best. With more and more homeowners “locked in,” the US as a whole is still experiencing low housing inventory—HALF the amount of inventory from just a few years ago. This puts buyers in a tough spot. Should they buy now with limited choices and high rates or wait for mortgage rates to drop? And if they do decide to wait, what happens to rent prices?

Dave answers it all plus shares the region-by-region differences affecting each corner of the US housing market. From high inventory in the Southeast to the often overlooked real estate regions with massive demand, we’ll get into where money is moving and which states you should be most concerned about investing in. All that, and much more, in this BiggerNews housing market update!

Support today’s show sponsor, Rent App: the free and easy way to collect rent!

In This Episode We Cover

A 2024 housing market update and the data you should pay attention to most

Why home prices continue to rise EVEN with low demand and record-low affordability

Our ongoing affordability crisis and how mortgage rates are stunting home sales

Why inventory is exploding in one specific region of the United States (and what it means for investors)

Slow rent growth and the multifamily overbuilding problem that could affect many investors

Exactly what Dave is investing in this year, plus the one big concern he has for future real estate deals

And So Much More!

(00:00) Intro

(02:11) Affordability at 40-Year Low

(06:13) Inventory is Rising (Good News)

(08:41) Home Sales Are Up…Kind Of

(10:48) Rent and Home Prices Increase

(15:04) Hot and Cold Housing Markets

(21:51) What Investors MUST Know

(26:42) How to Track the Housing Market

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-959

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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958: Hiring a Property Manager 101: Make More (in Less Time) from Your Rentals w/Luke Rzepiennik and Michael Vialpando

Wed, 22 May 2024 06:00:00 -0000

Hiring a property manager can be one of the best or worst decisions in your real estate investing career. The right property manager can give you the time to scale your portfolio to new heights, all while increasing the revenue on your rental properties. But the wrong property manager can drown you in unnecessary fees, push time-consuming tasks back on your plate, and leave your properties worse off than they were before. How do you distinguish between the two when every property manager tells you they’re the best in the business? In today’s show, we’ll show you how.

After building their real estate portfolios, Luke Rzepiennik and Michael Vialpando struggled to find property managers that fit their standards. They both had portfolios of short-term rentals, but no manager in their area was making the cut. With busy schedules and full-time jobs, neither of them could drop everything to become the perfect property manager. So, instead, they started Renjoy to not only manage their own properties but other investors’ properties as well.

If you’ve struggled to find the right property manager in your area or are at the tipping point of needing one, Luke and Michael can help. They give a masterclass on property management, from the exact questions to ask a property manager to signs of a great one, red flags to watch out for, and when it’s time to stop managing your own properties and start hiring it out. Plus, we’ll share the huge mistake most rental property investors make and the little “fees” that can kill your cash flow when using a property manager incorrectly.

Find a trusted property manager in your area today with BiggerPockets Property Manager Finder!

In This Episode We Cover

How to hire a property manager so you can spend less time managing and more time scaling

What a property manager does and the roles and responsibilities you should expect them to take on

Questions you should ask any short-term rental property management company BEFORE you hire them

Death by fees and the tiny charges that are draining your rental of any cash flow

When it’s time to hire a property manager and common property management pricing

And So Much More!

(00:00) Intro

(01:25) Building Their Rental Portfolios

(04:07) Property Management Problems

(11:59) Questions You MUST Ask

(18:42) When to Hire and Pricing

(24:53) These Costs Will Kill Your Deal!

(28:26) Medium-Term Rental Management

(31:25) Saving Your Time

(36:35) Connect with Luke and Michael!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-958

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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957: Seeing Greene: Flood Zones, New Builds, & Does Mexico's Cash Flow Beat the US?

Tue, 21 May 2024 06:00:00 -0000

Have you ever thought about buying rental properties abroad? It might surprise you, but investing overseas could bring in much more cash flow and appreciation than you thought possible. Bobby, a real estate investor from Arizona, moved his money down south, buying in both big cities and small tourist destinations in Mexico. He’s here to share everything you need to know about buying international investment properties and how you, too, can beat the US housing market by moving your money elsewhere.

It’s time to practice your Spanish because, on this Seeing Greene, señor David Verde and Rob Abasolo are here to talk about investing in Mexico’s cash-flowing coasts and appreciating capital city. Bobby details finding properties for sale when investing abroad, how to get a rental property loan (and today’s mortgage rates), the challenges American investors will encounter, and the tourist markets to look for. Plus, we’ll answer some questions from the comments and listeners about buying in a flood zone, financing an ADU (accessory dwelling unit), and how to run your numbers on a build-to-rent property.

Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!

In This Episode We Cover:

Investing in overseas rental properties and everything you need to know to find deals

Financing investment properties in Mexico and the sizable mortgage rate differences

Signs that your international investment is actually a scam (red flags!)

Tourist markets with solid signs of growth and how to spot them so you can see BIG appreciation

Should flood zones scare you, and when is it worth it to invest in a property in one

Build-to-rent calculations and the top things the experts look at before buying a NEW property

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Access Exclusive Real Estate Investing Tools with BiggerPockets Pro

Try the BiggerPockets Calculators Today

Connect with Other Investors on the BiggerPockets Forums

Grab David’s Book, “Long-Distance Real Estate Investing”

Reach Financial Independence with the BiggerPockets Money Podcast

BiggerPockets Real Estate 932 - Seeing Greene: When NOT to Build an ADU and How to Invest $300K

(00:00) Intro

(01:16) Investing in Mexico!

(03:52) Financing Rental Properties Abroad

(06:37) Finding Properties in Mexico

(08:25) Airbnb-ing Abroad Tips

(09:59) Airbnb Profit Numbers

(16:27) The Problem with ADUs and HELOCs

(22:41) Buy in a Flood Zone?

(25:21) Build-to-Rent Calculations

(29:58) Ask Us Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-957

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

956: How a 3% Interest Rate Cost Me Over $180,000 (Avoid My Mistake) w/Tanner Litchfield

Mon, 20 May 2024 06:00:00 -0000

"Subject to" real estate has been exploding in popularity. When mortgage rates began to rise, subject to (often called sub to) came in as the hero to save the day. This real estate investing strategy offered investors the chance to take over low-interest-rate loans from homeowners who wanted to sell their properties. And, with often a minimal down payment required, new and experienced investors lined up to give this fast-scaling strategy a try. Without even knowing it, Tanner Litchfield did the same.

After being brought a home run, three-percent mortgage rate deal, Tanner knew he had to act quickly to secure what would be a massive passive income play. He put down a six-figure down payment to secure it, with another seventy thousand dollars in renovation costs. Things were rolling smoothly until…they weren’t. Tanner lost every penny he put into this property and the property itself while another investor walked away with it in hand. How did this happen, and how do YOU avoid a six-figure creative financing mistake?

In today’s episode, Tanner walks through every difficult detail of this deal gone wrong. He shares the red flags he should have seen in the beginning and the one thing that could have saved him from this deadly deal. If you’re interested in seller financing, subject to, or any other type of creative financing, you MUST listen to this episode, or you could be hit with a six-figure loss, too.

In This Episode We Cover:

Subject to real estate explained and why so many investors are flocking to this strategy

The “due on sale" clause which can easily lose you an entire property if called

Why you MUST understand the zoning and rules for your rental property BEFORE you buy it

The “gray area” of creative financing that is putting new and veteran investors at risk

Why having a solid network in your investing area can stop you from getting burned

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

The Hidden Risks of “Subject To” Real Estate w/Eddie Speed

Creative Financing: How To Use It In Real Estate

Connect with Tanner:

Tanner's BiggerPockets Profile

(00:00) Intro

(01:20) Ditching Dentistry to Invest

(04:35) Finding Creative Financing

(06:15) A Perfect Deal on Paper

(10:15) Scoring a 3% Interest Rate?

(12:39) Things Go Really Wrong

(21:15) A Massive "Gray Area"

(25:43) A Chance of Recovering?

(30:25) What Tanner Would Do Differently

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-956

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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955: BiggerNews: Real Estate vs. Stocks, the Ultimate Wealth-Building Debate w/The Motley Fool!

Fri, 17 May 2024 06:00:00 -0000

Which will make you richer: real estate vs. stocks? We brought the fine folks from The Motley Fool on the podcast to get into a serious debate over which asset makes you more money, which is easier to invest in, and which saves you the most in taxes. We’ll go head-to-head against The Motley Fool’s Jason Moser and Matt Argersinger to finally answer the age-old question: Should you invest in stocks, real estate, or both?

For this debate, we had to bring out the big guns. That’s why Dave Meyer and BiggerPockets CEO Scott Trench will be on team real estate for this debate, as Chris Hutchins from All the Hacks moderates to ensure things stay fair. Although we’d love to admit that we crushed this debate, there are some moments when the stock investors will surprise you, showing that real estate may not be for everyone and how stocks beat real estate in numerous ways. But that doesn’t answer the question, “Does real estate make you richer?” Don’t worry; we’ll get into all that in this debate.

Stick around as we get into the topics you care about most: building wealth, barriers to entry, volatility and risk, diversification, REITs vs. rentals, leverage and liquidity, time commitments, tax advantages, and more. If you’re itching to park your cash in an investment, hear out the debate BEFORE you make a move!

Support today’s show sponsor, Rent App: the free and easy way to collect rent!

In This Episode We Cover

The ultimate real estate vs. stocks debate (and which will make you richer)

Barriers to entry and which asset class is the EASIEST for beginners

Volatility and risk, and the sizable advantage real estate has for stable pricing

REITs (real estate investment trusts) vs. rentals and the more “passive” type of real estate investing

How much time it actually takes to succeed at stock investing and landlording

The MASSIVE tax advantages to real estate investing that stocks cannot beat

Why BiggerPockets CEO Scott Trench invests more in stocks than in real estate (!?)

And So Much More!

(00:00) Intro

(02:20) Stocks vs. Real Estate Investing

(04:08) Building Wealth

(08:43) Barriers to Entry

(14:50 )Volatility and Risk

(20:41) Diversification

(23:42) REITs (Real Estate Investment Trusts) vs. Rentals

(32:57) Time Commitments

(35:53) Leverage and Liquidity

(41:12) Tax Advantages

(43:54) Closing Arguments

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-955

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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954: Cheap Old Houses: Buying Fixer-Uppers for Just $100K w/Ethan and Elizabeth Finkelstein

Wed, 15 May 2024 06:00:00 -0000

Would you buy a house for $100K? That’s right, just twenty-five percent of the median home price in America. Well, we found a couple who does just that, finding fixer-upper properties that often cost less than six figures and turning them into eye-catching, head-turning homes. They even argue that these cheap old homes are BETTER than the newer-built house flips that so many investors are targeting today. So, how do you find your next $100K home, and where do you start looking?

Elizabeth and Ethan Finkelstein, the brains behind HGTV’s Cheap Old Houses and the social media account by the same name with millions of followers, join us on today’s show. Elizabeth and Ethan love cheap old houses, but not for the reason you think. Most investors purely look at the numbers or the profit potential, but Elizabeth and Ethan see beyond that, fixing up old houses to not only collect the significant equity gain but restore communities and bring back long-forgotten styles, materials, and looks.

They’ve bought houses for as cheap as $27,000 and turned them into homes anyone would dream of having. If you’re an investor without much capital and can get a little handy, these old houses could explode your portfolio. But who SHOULD be buying these cheap old houses? Stick around as Elizabeth and Ethan give their expert advice on what to DIY vs. hire out, which old pieces to keep, the best way for beginners to get started with little money, and the decades that built the BEST houses!

In This Episode We Cover

How to get on the path to financial freedom by buying cheap old houses

Buying houses for just $27,000 and where to find these types of homes

How old is old enough, and the decades when building quality starts to decline

Using the “live in flip” strategy to buy your first fixer-upper or primary residence

DIY vs. hiring it out and the tasks that Elizabeth and Ethan enjoy the most

And So Much More!

(00:00) Intro

(01:24) Why Cheap Old Houses?

(05:16) $150K Houses!?

(07:17) Rehabbing New vs. Old Houses

(19:03) Who Should Do These Rehabs?

(20:11) Best Ways to Get Started

(23:38) DIY vs. Hiring it Out

(27:47) Connect with Ethan and Elizabeth!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-954

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

953: Is the 1% Rule Dead? + Why Building (NOT Buying) Could Make You More

Tue, 14 May 2024 06:00:00 -0000

Could building houses make you more money than buying existing ones? When should someone use the 1% rule in real estate, and when does this metric point to a cash flow disaster? What’s the best way to get more capital or funding for future real estate deals: get a HELOC on your primary residence or look for investor-only DSCR loans? We’re pulling some of the top questions from the BiggerPockets Forums and giving our answers on today’s show!

Expert investors Dave Meyer, James Dainard, and Kathy Fettke from the BiggerPockets On the Market podcast are on today to answer YOUR real estate investing questions. First, we return to the age-old debate, “Does the 1% rule exist anymore?” With high home prices and lagging rent growth, this once foolproof metric could be an outdated calculation inexperienced real estate investors should avoid. Next, can you make more money building houses than flipping houses?

Are turnkey rentals the best “low headache” real estate investment? We’ll answer that and give our thoughts on when to use a HELOC (home equity line of credit) vs. a DSCR loan (debt service coverage ratio). Finally, for our out-of-state investors, we share the top metrics to look at BEFORE you invest in a new market.

Want to ask a real estate investing question? Post yours in the BiggerPockets Forums, and we might select it for our next show!

In This Episode We Cover

The 1% rule explained and when you should (and definitely shouldn’t) use it to decide on deals

Building new construction vs. flipping houses, plus which could make you more in 2024

Turnkey real estate investing and whether the lost value-add potential is worth the passive income

HELOCs (home equity lines of credit) vs. DSCR (debt service coverage ratio) loans

Best tools to use and metrics to track when looking into out-of-state investing markets

And So Much More!

(00:00) Intro

(00:46) Is the 1% Rule Dead?

(08:24) Building vs. Flipping Houses

(14:30) Are Turnkey Rentals Worth It?

(20:56) HELOCs vs. DSCR Loans

(25:07) Local Market Metrics to Track

(30:46) Ask Us Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-953

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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952: From Broke College Graduate to Financial Freedom While Living Abroad w/Dave Meyer

Mon, 13 May 2024 06:00:00 -0000

You don’t have to race to financial independence to get there. Dave Meyer, VP of Market Intelligence at BiggerPockets, took his time building up passive income, and years later, it’s what has allowed him to amass impressive wealth all while living abroad, working where he wants, and securing a very stable retirement. But Dave wasn’t always some housing market genius who knew every statistic and metric about real estate investing. He started as a broke college student with no job prospects, struggling to pay his own rent.

After graduating college during one of the worst recessions America had ever experienced, Dave was waiting tables to keep the lights on. He realized that he needed a different way to get ahead, and just getting a job wasn’t going to be enough. So, even with no money, Dave convinced a few friends to buy a house together while he borrowed money for his share of the down payment. Dave managed the property, took the tenant phone calls, and did what he had to do to learn the real estate ropes. And…it worked!

Now, a decade and a half later, Dave has an entire real estate portfolio of long-term and short-term rentals and passive income streams from syndication investments, but this all started with one small deal he took a chance on. Today, Dave shares every part of his story, from finding the first deal to moving abroad, pausing buying rentals, and why he’s getting BACK in the game now and doing deals again!

In This Episode We Cover

How to invest in real estate even if you’re starting from zero with NO money

The power of house hacking and how this strategy can explode your real estate portfolio

Optimizing your portfolio and how to systematize your rentals so YOU don’t do all the work

Investing during a housing crash and why most Americans were running from rental properties

Passive investing through real estate syndications and the pros and cons of putting your money in one

Why Dave is finally getting back into the rental property game after years on the sidelines

And So Much More!

(00:00) Intro

(01:08) First Rental with NO Money

(12:25) Optimizing His Portfolio

(18:30) Investing During the Crash

(19:46) Moving Abroad

(21:45) Passive vs. Active Investments

(30:59) Dave’s Current Portfolio

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-952

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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951: BiggerNews: Why Low Mortgage Rates Can't Solve Our Affordability Crisis w/Andy Walden

Fri, 10 May 2024 06:00:00 -0000

Housing prices won’t budge, but there could be some relief on the horizon for homebuyers. As America’s affordability crisis continues to strain consumers, one of the most considerable costs, housing, is much to blame. Rising mortgage rates are making monthly payments significantly more expensive than just a few years prior, but how long can this last? According to the Vice President of Enterprise Research Strategy at ICE, Andy Walden, not much longer.

Every month, Andy’s team at ICE releases their Mortgage Monitor data reports, sharing valuable insights on what’s happening in the housing market. On this BiggerNews, we’re asking Andy to share what the data is telling him about home prices, mortgage rates, housing inventory, and buyer demand but, even more importantly, where we could be headed in 2024 and whether or not this hot housing market still has room to run.

While there has been huge home price growth over the last few years, Andy reckons prices could begin to “soften” as affordability reaches its breaking point. With demand retreating from the market and housing inventory still on the rise, prices may start to decline, and even if interest rates do fall again, we may not see the uptick in demand many home sellers are waiting for. Stick around as we unpack exactly what’s moving the housing market with ICE’s Andy Walden!

Support today’s show sponsor, Rent App: the free and easy way to collect rent!

In This Episode We Cover

Why home prices may begin to “soften” in 2024 and what’s causing demand to fall

How to predict housing market trends and the key metrics that indicate potential price movement

The “lock-in” effect that’s causing homeowners to hold on to their properties

Why inventory is quickly rising across much of America, EVEN with sky-high rates

The ongoing affordability crisis and the dramatic changes that could solve it

Record home equity and why American homeowners may be richer than ever

And So Much More!

(00:00) Intro

(01:37) Home Prices Hit New Highs

(06:08) How to Predict Market Trends

(09:53) Will Prices Soften?

(11:37) Why is Inventory Rising?

(19:09) Rate Cuts Won’t Solve This

(27:15) The Cure for Low Affordability

(29:15) Home Equity Breaks Record

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-951

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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950: The Easiest Way to Invest in Real Estate in 2024 w/Terrence Terrell

Wed, 08 May 2024 06:00:00 -0000

There’s one way to invest in real estate that’s cheaper, easier, and more efficient than almost any other strategy. It allows you to get the best mortgage rates with the lowest down payments and buy properties in the best areas. And you can do it every single year until you grow a massive real estate portfolio. Real estate millionaires have been made using this strategy, but most Americans have no idea about it. What’s the wealth-building secret that savvy investors are taking advantage of? Of course, it’s house hacking.

If you’ve never heard of house hacking before, the concept is simple: You buy a single-family home or a small multifamily property and rent out the space you’re not using. This not only allows you access to the best mortgages but also keeps your mortgage cost lower than living on your own. This strategy is so good that expert investor Dave Meyer and today’s lender guest, Terrence Terrell, have used it repeatedly to build serious wealth.

If you’re a first-time homebuyer or have a home but want to get into rental property investing, this is THE strategy to try first. Terrence gives a beginner-friendly masterclass on house hacking, showcasing the huge benefits of house hacking’s low-money-down loans, what you need to have to qualify for a mortgage, the common misconceptions most people get wrong about house hacking, and how to use this strategy to build wealth fast.

In This Episode We Cover

House hacking explained and why it’s the easiest beginner real estate investing strategy

How to buy your first investment property with as little as ONE percent down

Qualifying for a mortgage and what first-time homebuyers must know before they apply

The free way to find out whether or not you’ll be able to get financing for your house hack

The easy, low-money-down way to build a real estate portfolio by house hacking

And So Much More!

(00:00) Intro

(01:26) What is House Hacking?

(03:16) Put Just 1% Down!

(07:50) Who Should House Hack?

(09:28) It's Not as Hard As You Think

(11:55) What Homebuyers Need to Know

(14:51) Qualifying for a Mortgage

(18:43) Advice for First-Time House Hackers

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-950

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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949: Seeing Greene: Is Losing $800/Month in Cash Flow Worth $200K+ Equity?

Tue, 07 May 2024 06:00:00 -0000

Would you buy a rental property that loses money every month? What if, in a few years, that one property could make you hundreds of thousands of dollars? Would the negative cash flow be worth the massive appreciation upside? Today, we’re answering that exact question from an investor who could be sitting on a wealth-building opportunity but doesn’t know what decision to make. Should he buy the "bleeding" property at a steep discount or give up this needle in the housing market haystack to avoid a cash flow trap? Let’s find out!

We’re back on Seeing Greene as David and Rob, your go-to real estate investing experts, answer questions directly from BiggerPockets Real Estate listeners like you! First, an investor has a rare opportunity to buy “Grandma’s house” with over $200K+ in potential equity upside. The problem? It will LOSE $800/month! Next, a new property manager wants to know how to raise rents on a twenty-year tenant. Do you pay capital gains on the profit of your home sale or the entire amount? We’ll show you how to know how much you owe. Then, an investor debates selling his C-class cash-flowing properties in exchange for appreciating assets, and we explain the “sneaky rental” tactic that’ll take you to ten rental properties in no time!

In This Episode We Cover

Negative cash flow and one of the ONLY times it makes sense to buy a “bleeding” rental

How to raise rents (the right way) on a long-term tenant

Capital gains tax explained and how much YOU could owe on your next home sale

Whether to trade cash flow for appreciation and selling your rentals that don’t have room to grow

The “sneaky” rental tactic that allows you to scale a real estate portfolio FAST

And So Much More!

(00:00) Intro

(01:23) Losing $800/Month to Make $200K?

(11:59) Raising Rents On 20-Year Tenant

(21:28) Comment Section & Capital Gains 101

(25:47) Trade Cash Flow Portfolio for Appreciation?

(33:05) The "Sneaky Rental" Tactic

(38:20) Ask Us Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-949

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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948: 10 Rentals in 5 Years by Buying in Overlooked Short-Term Rental Markets w/Jarrod Tucker and Yiwei Cheng

Mon, 06 May 2024 06:00:00 -0000

When you think about short-term rental and Airbnb markets, what comes to mind? Joshua Tree, the Smoky Mountains, maybe Destin? We all know about the famous short-term rental markets, but what about the not-so-famous ones? You know, the unsexy markets where you book an Airbnb for a conference or when you’re going to see extended family? That’s right; we’re talking about everyday American markets like Cincinnati, Ohio. But surprisingly, these markets make some of the best investments for short-term rental investors like Jarrod Tucker and Yiwei Cheng.

Jarrod and Yiwei moved to Cincinnati for work shortly after catching the real estate investing bug. They knew they wanted to invest in real estate, but long-term rentals only came with measly cash flow that would never support their passive income goals. So, what’s the next best option? Short-term rentals! Unfortunately, Cincinnati isn’t known as a popular vacation getaway, but it didn’t have to be to support Jarrod and Yiwei’s cash flow dreams!

Now, five years after the start of their investing journey, they have ten rentals of their own and manage a couple dozen more for other investors. The question is, how do you make money with short-term rentals in an unsexy market? Jarrod and Yiwei walk through their tips for finding the right properties, keeping occupancy rates high, buying real estate when your DTI (debt-to-income) gets maxed out, and why you MUST separate yourself from the basic short-term rentals to reach your financial goals.

In This Episode We Cover

The three types of short-term rental guests who consistently come to markets like Cincinnati

How to set your Airbnb apart if you’re in a saturated short-term rental market

Tips for higher occupancy and what you MUST have to get more bookings

Scaling your real estate portfolio when you have high DTI (debt-to-income)

Using partnerships to buy even more properties when you’re low on cash

Why you DON’T need to invest in high-priced, popular vacation destinations

And So Much More!

(00:00) Intro

(01:36) The Accidental Airbnb Host

(08:07) Short-Term Rentals in…Cincinnati?

(13:37) Are Short-Term Rentals Saturated?

(19:46) Tips for Higher Occupancy

(22:31) Scaling with High DTI (Debt-to-Income)

(32:24) Advice for New Investors

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-948

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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947: 2024 Deals We’re Doing with High Cash Flow and Rock-Bottom Rates (4.75%!)

Fri, 03 May 2024 06:00:00 -0000

Want a low mortgage rate? We mean a really low rate—like 4.75% in 2024 low. What about half a million in profit on a sneaky development deal? Or, maybe you’d settle for a quick house flip that pockets you $55,000 on a bad day. These aren’t made-up numbers; these are REAL deals that our expert investing panel is doing in today’s hot, hot housing market. And if you know where to find deals and steals like these, you, too, could be taking home huge profits like they are! Thankfully, they’re sharing all their secrets on today’s episode!

David and Rob are taking some time off to play pickleball, while Dave Meyer and the entire On the Market podcast panel join us today! In this show, we’re talking about the real estate deals getting done in 2024. Each expert brings in a deal they’ve recently done and showcases how they found it, what they bought it for, how much cash flow or profit they’re going to make, and advice to help YOU repeat these home-run real estate deals.

First, Dave will share about a cash-flowing on-market rental property he bought (while abroad!) thanks to his inventor-friendly agent. Kathy Fettke gives tips on getting a low mortgage rate on your next new construction rental and how doing so could massively boost your cash flow. Henry Washington walks through a quick flip that will make him $55,000 on the low end and the ingenious way he found this deal. And finally, James Dainard talks about the almost unbelievably good development deal he’s doing in Seattle that will profit $500,000 (yes, that’s half a million!).

In This Episode We Cover:

How to score a mortgage rate in the four-percent range by buying new construction rentals

The three big housing market challenges of 2024 and how investors can overcome them

How to find cash-flowing, on-market rental properties by investing out-of-state

One of the smartest ways to find off-market real estate deals for flipping or holding

The one contract clause that is helping James make $500K+ on his new development deal

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Kathy's BiggerPockets Profile

On the “On the Market” Podcast

Investing in Real Estate Out of State: What You Need To Know

4 Vital Points to Consider BEFORE Getting Into New Construction

Flipping Houses: How to Get Started and Everything You Should Know

What Exactly Is an Accessory Dwelling Unit (DADU/ADU)

(00:00) Intro

(01:19) Investing Challenges of 2024

(08:17) 1. Cash-Flowing On-Market Rental

(14:41) 2. New Construction with a 4.75% Rate!

(20:44) 3. $55K House Flip Profit!

(26:11) 4. Making $500K with DADUs!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-947

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

946: How to Supplement Your Income with Real Estate (So You Can Do What You Love) w/Juliet Lalouel

Wed, 01 May 2024 06:00:00 -0000

Why are rock stars turning to real estate side hustles to pay their bills? During the lockdowns, many musicians, gig workers, and creatives saw their income streams dwindle. There were no shows to play, no tours to attend, festivals were canceled, and human-to-human contact was limited as much as possible. As a result, famous musicians began to become real estate agents, mortgage brokers, investors, house hackers, and everything in between to pay their bills. And guess what—it worked!

Now, touring is back on, but those whose job is pursuing their passions still need extra income to take care of their bills during slow seasons or to build wealth. That’s where Juliet Lalouel from Heavy Realty comes in. Juliet is a Colorado and Hawaii-based investor and real estate agent who helps the music and creative communities find ways to fast-track their financial freedom to keep doing what they love. But her message doesn’t just apply to musicians. Anyone who loves what they do but wants more financial stability can take these lessons to heart.

Today, we’re talking about how anyone from any background can use real estate to supplement their income, pay their bills, and help them build wealth. Juliet shares why you may make a great real estate investor/professional without even knowing it and the beginner investments that ANYONE can try to start building a strong financial fortress, even if you’re a real estate enthusiast by day and a rock star by night.

In This Episode We Cover

Real estate side hustles that’ll help you make extra income no matter your experience

Why musicians and creatives make GREAT real estate investors

The best ways to start making money with real estate and how to find your perfect role

Beginner investments for anyone to start building wealth today

Financing your first investment property, even if you DON’T have a W2

Why real estate is the ultimate side income stream to support your dreams

And So Much More!

(00:00) Intro

(01:36) Anyone Can Invest

(05:07) Why Musicians Make Great Investors

(07:53) The Best Way to Get Started

(13:40) Beginner Investments

(17:57) Financing Your 1st Property

(20:52) Do Your Passion Full-Time

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-946

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

945: Seeing Greene: Stolen Properties and Why Your Rate Doesn't (Really) Matter

Tue, 30 Apr 2024 06:00:00 -0000

There’s a silent threat out there that most real estate investors have no idea about. It’s a threat that could take away all your cash flow, ruin your real estate portfolio, and put you right back to square one after years of work. And even the most seasoned investors aren’t immune to this threat—our own David Greene almost got caught in this trap and had to act quickly to escape. What’s the danger we’re discussing, and how do you ensure YOU don’t lose everything? We’re about to tell you!

We’re back on another Seeing Greene as David and Rob take your real estate investing questions and give up-to-date advice on what they’d do in your situation. First, a real estate investor sees his cash flow disappear due to rising operating expenses—should he sell the property or keep a low/no cash-flowing deal? Then, we talk about the silent threat targeting real estate investors—title fraud. An investor wants to know if a low mortgage rate on a subject to deal warrants a higher price, and Rob and David debate whether investing in expensive markets is worth the cost.

In This Episode We Cover:

Title fraud explained and how silent thieves can steal your real estate portfolio without you even knowing it

Whether to keep, sell, or 1031 exchange a rental property that won’t cash flow

The real value of a low interest rate and why many investors get this wrong

Warning signs that your properties are being stolen out from under you

Investing in expensive markets and why we would/wouldn’t invest in states like Hawaii

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

This “CARFAX for Properties” Could Change EVERYTHING About Investing

Ponzi Schemes, Property Fraud, and How to NOT Fall for a Real Estate Scam

Cash Flow For Rental Properties: What is Average or Good?

Get Short-Term Rental Comps with AirDNA

(00:00) Intro

(01:25) My Cash Flow Disappeared!

(08:05) The Biggest Threat to Your Portfolio?

(15:03) Comment Section Callout!

(19:06) Would We Invest in Hawaii?

(28:15) Ask Us Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-945

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

944: 3 Ways We Find Real Estate Deals Even During the Harshest Housing Markets

Mon, 29 Apr 2024 06:00:00 -0000

It seems like everyone is wondering how to find real estate deals in today’s supply-constrained market. With housing inventory still hovering around historical lows, finding a cash-flowing, appreciating rental property isn’t as easy as before. But maybe that’s just because most people don’t know where to look for these properties. In reality, there are steals and deals all around us, and if our hosts can take down home-run real estate deals in this housing market, what’s stopping you from doing it, too?

So today, David Greene and Dave Meyer are giving you three ways to find your next real estate deal using both on AND off-market investing tactics. The majority of Americans ignore these tactics, and only serious or savvy investors will follow through on them. Once you know where to find these deals, the deal flow doesn’t stop. If you can master any of these three tactics, you’ll have a source of profitable investment properties streaming to you for years to come.

First, we’ll show you how to find off-market deals and a few strategies you can use to locate and engage with motivated sellers. Next, we’re sharing the exact networking play to get real estate deals sent straight to you. And if you think on-market (MLS) deals are dead, you couldn’t be more wrong. David shares how he picked up an on-market luxury vacation rental for a surprisingly low price, all because he knew where to look!

Looking for cash-flowing short and medium-term rental properties in the best investing markets in America? Visit Rent to Retirement or text “REI” to 33777!

In This Episode We Cover:

The three “buckets” for finding your first or next real estate deal in 2024

“Off-market real estate” explained and why most people get it wrong

How Dave was able to find off-market deals just by…riding his bike?

The people you MUST connect with if you want real estate deals sent to you consistently

The overlooked on-market properties that ANY investor can find with huge price-cut potential

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

David' BiggerPockets

How to Find a Deal When Inventory Is Low

30 Ways Find Good Real Estate Deals In 2024

(00:00) Intro

(01:25) 1. Discounted Off-Market Deals

(09:56) 2. Talk to These People

(16:43) 3. Overlooked MLS Properties

(25:50) Find Your Next Deal!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-944

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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943: BiggerNews: Can’t Qualify for Another Mortgage? Try THESE Investor Loans w/Jeff Welgan

Fri, 26 Apr 2024 06:00:00 -0000

Want to scale your real estate portfolio faster? These investment property loans can help. Most real estate investors get stuck early on in their journey. They buy some properties and build up some comfortable cash flow, but then…they can’t qualify for another loan. They’ve either reached the maximum limit on conventional mortgages OR don’t have enough income to qualify for bigger and better investments. So what do they do? Give up? Settle with a small rental portfolio? No, they use THESE investment property loans instead.

Jeff Welgan, our investor-friendly lender expert, is back to show us what we’ve been missing. From DSCR (debt service coverage ratio) loans that help you scale to more doors, to no-income-necessary investor loans that don’t look at your income, to business bank statement loans that’ll let you buy homes based on your business’s cash flow, these mortgages can help anyone in any position, purchase real estate faster.

If your DTI (debt-to-income) ratio is too high and you’re struggling to qualify for another mortgage, this is THE episode for you. We’ll discuss using your property’s rent to qualify for more, loans that get around DTI requirements, using your business to fund your deals, and the mortgages you should look into FIRST before you move on to more complex loan products. Stick around if you’re ready to scale faster!

Thank you to our sponsor, Rent App: the free and easy way to collect rent.

In This Episode We Cover

Why you cannot overlook rehabbing older homes and outdated properties

The two things that tell Lisa an older home ISN’T worth investing in

Why termites, foundation problems, and outdated electrical systems aren’t as bad as you think

The huge mistake Lisa made that ruined a $100K+ rehab project and how to avoid the same fate

Tenant retention 101 and best ways to ensure your vacancy rate is low and your cash flow is high

DealMachine’s five ways to find motivated sellers in any market

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Find an Investor-Friendly Tax Pro Today

Real Estate Podcast 939 - BiggerNews: 100% Financing for First-Time Home Buyers is HERE w/Jeff Welgan

What Is Debt to Income Ratio? (DTI)

DSCR Loans: What Are They And How To Get The Best Terms

Connect with Jeff:

Jeff's Instagram

Jeff's LinkedIn

Jeff's Website

(00:00) Intro

(03:20) What is DTI?

(07:03) Use Rent to Qualify!

(09:32) How to Qualify for More

(13:30) Investment Loans You’ve Never Heard of

(21:48) No Income to Qualify?

(26:04) Which Loan to Choose?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-943

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

942: Building Wealth with OLD Homes and How to Keep Tenants for Longer w/Lisa Field Moore

Wed, 24 Apr 2024 06:00:00 -0000

How do you find investment properties nobody else is looking for—the ones with cash flow potential, equity upside, and wealth-building qualities all the other investors overlook? Simple: buy what nobody else wants. For Lisa Field Moore, that’s old homes. Most rookie investors walk into an old house, notice the foundation problems, warped floors, and outdated electricals, and quickly see themselves out. But Lisa sees money to be made—and you should too.

In this episode, Lisa shares how she’s built a sizable real estate portfolio by buying old, overlooked, and outdated homes, all in the past four years! But these are treacherous waters, and getting a major rehab item wrong could cost you a deal. To help, Lisa breaks down what isn’t (and definitely is) a red flag when looking at old homes, how she lost serious money making one easy mistake, and how to avoid doing a bad deal ever again. Plus, she shares her tips for rock-solid tenant retention that’ll keep your rental properties filled for years (or even decades!).

Want to know how to find these older homes with wealth-building potential? Stick around because DealMachine gives us a bonus segment on the five ways to find a motivated seller in ANY market!

In This Episode We Cover:

Why you cannot overlook rehabbing older homes and outdated properties

The two things that tell Lisa an older home ISN’T worth investing in

Why termites, foundation problems, and outdated electrical systems aren’t as bad as you think

The huge mistake Lisa made that ruined a $100K+ rehab project and how to avoid the same fate

Tenant retention 101 and best ways to ensure your vacancy rate is low and your cash flow is high

DealMachine’s five ways to find motivated sellers in any market

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Henry’s BiggerPockets Profile

Henry’s Instagram

8 Things to Look for When Rehabbing Older Homes

Pros and Cons of Old vs. New Rentals

Connect with Lisa:

Lisa's BiggerPockets Profile

(00:00) Intro

(01:31) Investing in OLD Houses

(05:22) Signs of a Solid Property

(10:18) $100K Rehab Gone WRONG

(16:06) How to Avoid Bad Deals

(19:42) When to Hold and When to Sell

(23:54) Tenant Retention 101

(34:27) 5 Ways to Find Motivated Sellers

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-942

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

941: Seeing Greene: Are Home Warranties Worth It & When to Pay Off Debt vs. Invest?

Tue, 23 Apr 2024 06:00:00 -0000

Should you pay off debt or invest? Many online financial gurus would tell you in a heartbeat that paying off debt is the number one priority…but is that always true? What if there was a way to pay off debt WHILE investing, so you could lower your liabilities AND build wealth in the background? And what if you could do that even if you were hundreds of thousands of dollars in debt? If this sounds like your situation, this Seeing Greene is for you!

David and Rob are back, answering your real estate questions so YOU can build wealth faster, reach financial freedom, and live the life you love. Our first question comes from a concerned rental property owner wondering why his property management company can’t do something seemingly simple. Then, a nationwide investor asks, “Are home warranties ever worth it?” A medical student with massive student loans asks how to start investing while in debt, and an aspiring investor asks how to turn his inherited rental property into a big portfolio. Will robots cause the downfall of real estate, and when is it the right time to add a bedroom to your rental? All that and more are coming up in this episode!

In This Episode We Cover:

Should you invest or pay down debt? We have a strategy for doing BOTH!

What to do when your property management company ISN’T doing what you want

Home warranties 101: an appliance saver or a complete waste of money?

How to turn one rental property into an entire portfolio using HELOCs and cash-out refinances

Whether or not construction “robots” will cause home prices to plunge

When (and when NOT) to add bedrooms or extra space to your rental property

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Seeing Greene: Rehab Costs, Renting vs. Owning, and The END of Real Estate?

Should I Pay Off My Student Loan or Invest in Real Estate?

Complete Guide to Home Warranties

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-941

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

940: Crucial Questions to Ask an Agent and How to Negotiate Commissions w/James Dainard

Mon, 22 Apr 2024 06:00:00 -0000

Everyone knows how to find a real estate agent. But an investor-friendly agent—one who will find deals for you, run the numbers, hook you up with contractors, and help you get funding—isn’t the same as your neighborhood agent down the street. These agents have connections that can help skyrocket a new real estate investor’s portfolio and bring them deals that no one else knows about. So, how do you find these diamond-in-the-rough real estate agents? You need to ask THESE questions.

To help you vet your future investor-friendly real estate agent is James Dainard. James is a flipper, wholesaler, broker, investor, and lender in the Seattle, Washington, area. He’s been buying and selling houses for two decades and does more deals in one month than most investors do in years! He’s here to guide any investor through finding an investor-friendly agent, the crucial questions you MUST ask at the start, his number one tip for finding the best agents in an area, and how agents can set themselves apart from the competition.

But that’s not all. With the latest agent commission lawsuits, more buyers are aware that commissions are negotiable. So, whether you’re looking to get a steal on your next deal or want a first-class buying and selling experience, James walks through how you may now be able to negotiate what commission you want to give an agent, depending on what matters most to you.

In This Episode We Cover:

The best place to find a real estate agent (for investors!)

Questions you MUST ask any “investor-friendly” agent BEFORE you use them

The services that expert-level agents provide that’ll help you build wealth faster

Negotiating agent commissions and how the recent NAR lawsuit could change the agent landscape

How to make sure that your agent knows what they’re talking about when they bring you deals

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

5 Ways to Find an Investor-Friendly Real Estate Agent

Connect with James:

Thank you to our sponsor, Rent App: the free and easy way to collect rent.

Broker Website

James' YouTube

(00:00) Intro

(00:52) Regular vs. Investor-Friendly Agents

(04:21) Services to Look For

(08:47) How to Find the Right Agent

(13:50) #1 Tip to Try

(17:04) Questions to Ask Your Agent

(19:36) Elite Agents Have This

(25:22) Negotiating Commissions

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-940

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

939: BiggerNews: 100% Financing for First-Time Home Buyers is HERE w/Jeff Welgan

Fri, 19 Apr 2024 06:00:00 -0000

If you’re a first-time home buyer, now may be one of the best times to get a loan in recent history, according to mortgage advisor Jeff Welgan. With new no-money-down mortgages coming out specifically to help first-time home buyers finally get into a property, you can now buy a house for no money out of pocket, with your entire purchase price and closing costs covered. These 100% financeable loans aren’t a secret, so why don’t most first-time home buyers know about them?

In this BiggerNews, we’re diving deep into the best first-time home buyer loans available in 2024, how to pick up your first property for NO MONEY out of pocket, and low-money-down multifamily deals any brand new investor can start buying today. With affordability at nearly forty-year lows, most Americans struggle to save up a down payment, even if they have enough income to qualify for a home loan. This is where 100% financeable loans come in, making it easier than ever to buy your first home.

So, who can get approved for these first-time home buyer mortgages, where do you find them, and how do they work? Jeff goes through these programs on the federal and state levels, showing first-time home buyers where to find them, which loans to avoid, and whether or not they can use these loans to buy their next property.

In This Episode We Cover:

How to get 100% financing on your first property (no money down!)

Who qualifies for these first-time home buyer loans, and which properties require a down payment

The problem with FHA loans and where you should/shouldn’t use them

Rate buydowns and why this once valuable tool is no longer being used

How to invest in small multifamily with VERY little money down

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Grab the “First-Time Home Buyer” Book from BiggerPockets

Connect with Jeff:

Jeff's Instagram

Jeff's LinkedIn

Jeff's Website

(00:00) Intro

(01:12) 100% Financing For Your FIRST Home?

(06:28) How These Loans Work

(11:40) The Problem with FHA Loans?

(14:35) Getting a Lower Mortgage Rate

(25:30) Low Money Down Multifamily Investing

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-939

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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938: Scaling from 0 to 20+ Doors Using These "Self-Management" Tools & Tips w/Amelia McGee and Grace Gudenkauf

Wed, 17 Apr 2024 06:00:00 -0000

If there’s one thing that’ll make or break your real estate portfolio, it’s property management. When done correctly, property management can feed you consistent, passive income without the everyday stressors of being a landlord. Whenever you hear people talking about bad tenants, midnight phone calls, or surprise maintenance problems, they’re really talking about property management gone wrong. So, how does a rookie real estate investor, with even just one rental property, start managing the right way so they can scale their portfolio faster?

Amelia McGee and Grace Gudenkauf, authors of The Self-Managing Landlord, did it all wrong initially. They were picking up every tenant phone call, placing every service request, taking rent payments every which way, and here’s the thing—none of it was working. As they scaled their portfolios, things only got more difficult until finally, one day, they stopped and developed a system, and like that, their businesses took off.

Now, only a few years into real estate investing, both Amelia and Grace have dozens of rental units to their names and less stress than ever before. How did they do it all WITHOUT hiring everything out to a property manager? In today’s show, they’ll share the self-managing principles they used to explode their rental portfolios while staying sane! And if you’re a new investor or are about to be one, these tips could save you YEARS of headaches!

In This Episode We Cover:

Why EVERY real estate investor should be self-managing when building their portfolio

How to start building your property management “system” that’ll save you HOURS a week

What brand new investors NEED to start doing once they have their first property

Three apps/software that every real estate investor should have

Tenant selection 101 and simple mistakes that could cost you months of rent

How to know it's time to start outsourcing and signs you need some help

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Rookie Podcast 111 - 26 Doors in 1 Year? Here’s How You Can Do It Too! w/Amelia McGee

Rookie Podcast 161 - Using Calculated Risk to Acquire 17 Doors In Under a Year (at Age 24!) w/ Grace Gudenkauf

Self-Management vs. Property Management Company: What’s Right for You?

Book Mentioned in the Show

The Self-Managing Landord by Amelia McGee & Grace Gudenkauf

Connect with Grace & Amelia:

Amelia's Instagram

Grace's Instagram

Amelia and Grace's Website

(00:00) Intro

(01:48) EVERYONE Should Self-Manage

(04:06) How Bad Management Burns YOU

(09:31) Start Doing This NOW

(14:08) Tips for Your First Rental Property

(19:26) 3 Apps/Software You Need

(22:44) Tenant Selection and Screening

(26:56) Outsourcing vs. DIY

(32:21) When to Hire it Out

(36:11) Grab the Book!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-938

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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937: Seeing Greene: Paying Off Rentals, Estimating Crime, & Replacing Your Salary

Tue, 16 Apr 2024 06:00:00 -0000

Should I pay off my rental property or reinvest? How do I replace my six-figure salary with cash flow from real estate investing? And what’s the best way to analyze crime BEFORE I invest in an area? You asked, and we’re here to answer on this episode of Seeing Greene as we take questions from rookie real estate investors, veterans in the rental property game, and everyone in between. If you want to scale your portfolio faster or quit your job with real estate, this is the place to be!

First, we take a question from a high-earner asking whether they should pay off their rental properties OR use their extra money to build a bigger portfolio faster. A fledgling house hacker wants to know the best way to analyze an investing area for crime now that many online listing websites have taken down this data. A business owner is struggling to find real estate write-offs and asks for help, and a rental property investor needs to know which commercial real estate investment boasts the biggest cash flow. Finally, an anonymous question comes in from a techie who’s about to lose their job. How can they replace their six-figure income with rental properties fast?

In This Episode We Cover:

Whether to pay off your mortgages early or reinvest to build a bigger portfolio

Replacing your salary with real estate income and why you may want to get a job instead

How to analyze an investment area for crime with limited online data

The short-term rental tax loophole that could save you a TON on taxes

Will an ADU (accessory dwelling unit) add value to your property on an appraisal?

Cash-flowing commercial real estate investments and why top investors pay attention to something else

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Ask Other Investors Their Takes on a Neighborhood

Rookie Podcast 368 - Pay Less Tax to the IRS This Year With THESE Real Estate Tax Strategies w/Natalie Kolodij

Real Estate Podcast 823 - The Tax-Free Strategy Only Real Estate Investors Can Access

Real Estate Podcast 919 - How to Use Real Estate to Quit the 9-5 Grind

Get a Short-Term Rental Cost Segregation

Books Mentioned in the Show

Pillars of Wealth by David Greene

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-937

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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936: 4 Ways to Start Investing in Real Estate with NO or LOW Money

Mon, 15 Apr 2024 06:00:00 -0000

Want to know how to invest in real estate with NO money down? Or, maybe you’ve got a bit of cash in the bank and think now is the time to get into the real estate investing game. No matter where you’re at or how much money you have, we’re bringing you four ways to invest in real estate with no money AND low money in 2024. Does it sound too good to be true? Thankfully, this is just how real estate works and our expert investor hosts can back up the facts—these methods CAN be done with little or no money down.

Some of these strategies will get you in the game, making cash flow every month, EVEN without owning a rental property. Others will allow you to put very little money down to buy your first house, but you must be willing to follow a few rules. We’ll also get into the short-term rental side hustle that has landlords pay YOU for managing their property and exactly how Rob scored a three percent interest rate (in TODAY’s market) while putting very little money down on a property.

Don’t let money stop you from starting your investing journey! Combine a few of these strategies, and you could have a cash-flowing rental property portfolio in just a few years’ time!

In This Episode We Cover:

How to start a real estate business without owning a single property!

The exact method Rob used to score a three percent interest rate in 2024

How to buy one house every year using these low-money-down loans

Real estate partnerships 101 and how to invest using other people’s money

The property management side hustle for short-term rentals that could help you save up a down payment

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Network and Learn from Other Investors on The BiggerPockets Forums

Grab “The Book on Investing in Real Estate with No (and Low) Money Down”

How to Buy a Rental Property With No Money: 10 Strategies for Real Estate Investors

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-936

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

935: BiggerNews: Investing with High Rates, Stubborn Inflation, & Low Supply w/Kathy Fettke

Fri, 12 Apr 2024 06:00:00 -0000

Mortgage rates are high, supply is low, and inflation just won’t go away. These market conditions make investing in real estate harder than ever…or so most investors think. The truth? This housing market isn’t all that different from years past, and if you know which moves to make, you can get ahead of all the other investors without them noticing. What do we mean? We’ve got a seasoned investor with over thirty years of rental property experience on the show, ready to share how buying during “high” rates can be a huge advantage.

But that’s not all we’re getting into on this BiggerNews episode. We’ve got questions directly from BiggerPockets listeners that we’re throwing at expert investor Kathy Fettke to see what time-tested advice she’d give. First, a listener wants to know why mortgage rates aren’t falling and how to get into the real estate investing game during a time like this. Then, we discuss how investors can save themselves against inflation. With a spike in part-time work, could the American economy be showing signs of weakness? Finally, we answer the question everyone has on their minds: Is it the darn millennials’ fault for causing these high home prices?

Want to ask a question for a future BiggerNews episode? Post your question in the BiggerPockets forums and get answers from a community of over 2,000,000 real estate investors!

In This Episode We Cover:

Mortgage rates explained and why interest rates are staying so high

Sneaky ways to snag a LOW interest rate in 2024 (Kathy got 4.75%!)

The best hedge against inflation and how to protect the money you have

Rising part-time work and whether or not this is a recession warning sign

Did millennials cause this unaffordable housing market?

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear Dave and Kathy On the “On the Market” Podcast

Kathy's BiggerPockets Profile

Kathy's Instagram

BiggerNews, September: Will Anything Slow Down this Housing Market? with Dave Meyer & Kathy Fettke

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-935

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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934: How to Pay Less Taxes by Buying Real Estate (1 Write-Off You’re Overlooking) w/Brandon Hall

Thu, 11 Apr 2024 06:00:00 -0000

With so many real estate tax write-offs, it’s no wonder that CPA Brandon Hall says rental real estate is one of the most tax-advantaged assets on the planet. But, even with so much free-flowing information on how to pay less to Uncle Sam, most real estate investors are missing out on a MASSIVE tax deduction that could be saving them thousands, if not tens of thousands, on their tax bill. What’s the write-off that even our host, Dave Meyer, didn’t know about? Stick around, or walk away from a HUGE tax savings.

Brandon Hall is a real estate investor-focused CPA. He knows the deductions, write-offs, and audit red flags that could be helping or hurting you. Today, he’s walking through whether or not you need a tax professional (a LOT of people DON’T), why you need to start tax planning BEFORE you buy your first property, the biggest real estate tax write-off that most people miss, and why you should WAIT to file your taxes to see if a MASSIVE real estate tax benefit is making a much-awaited comeback.

Need a tax professional to help you make the right tax moves? Find one for FREE with BiggerPockets Tax Finder.

In This Episode We Cover:

The big real estate write-off that most investors are completely overlooking

Why you should WAIT to file your taxes in case this MASSIVE tax benefit returns

Who should (and definitely shouldn’t) be doing their own taxes

Scaling your portfolio? Why you MUST start strategically planning your taxes now

The biggest audit red flags that are NOT worth the deduction (watch out for these!)

A bonus depreciation update and how this could save you hundreds of thousands

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear Dave On the “On the Market” Podcast

100% Bonus Depreciation Coming Back? (Do NOT File…Yet) w/Brandon Hall

The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of w/Brandon Hall

Connect with Brandon

Brandon's BiggerPockets Profile

Brandon's LinkedIn

Brandon's Website

Brandon's X/Twitter

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-934

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

933: Designing for Dollars: 7 Design Tips That Could Double Your Airbnb Revenue w/Erica Dike

Wed, 10 Apr 2024 06:00:00 -0000

If you follow these Airbnb design tips, you could double your nightly rates almost instantly. Don’t believe us? Erica Dike, a short-term rental design expert, has done it before and is sharing her “designing for dollars” formula ANYONE can use to boost nightly rates, double revenue, or increase their bookings. Erica, like many of us, has seen the standard Airbnb designs. You know what we’re talking about—the sterile walls and lack of color, or the obscurely small dining room table for a cabin that’s supposed to sleep ten. Erica’s designs go far beyond what most guests expect, and that’s why she’s been so successful.

Erica gives us the three steps to her “designing for dollars” formula, plus seven tips that ANY Airbnb, medium-term, or long-term rental investor can use to attract their target guest/renter and start making more money than ever before. Plus, if you’re a host with a lackluster short-term rental and are looking for some quick design ideas to spruce up your space, Erica shows you step-by-step how to refresh your rental for MORE revenue!

No matter what space you’re in—vacation rentals, travel nurse housing, student rentals, or fix-and-flips—these design tips will blow your potential renters and buyers away, leaving you with more money than the house next door. Ready for Erica to “crack the code” on Airbnb design? Let’s get into it!

In This Episode We Cover:

How Erica doubled a client’s Airbnb revenue with smart design strategies

The “designing for dollars” formula that’ll get you more bookings on Airbnb

How to define your “target market” and attract the exact guests you want

The seven steps you can use NOW to get higher rents on your short-term rental

Why long-term rental landlords MUST pay attention to design to attract the best tenants

The first thing to do if you think your Airbnb needs a redesign or refresh

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Investing in Short-Term Rental Properties: A Beginner’s Guide & How to Get Started

How to Get More Airbnb Bookings This Spring and Summer Break

Connect with Erica:

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-933

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

932: Seeing Greene: When NOT to Build an ADU and How to Invest $300K

Tue, 09 Apr 2024 06:00:00 -0000

How does a HELOC work? Can you use one to start investing in real estate when you’re low on cash? And, if you do decide to go the rental property investing route, how do you ensure you’ll retire a millionaire? If these questions have been keeping you up at night, worry not; David and Rob’s real estate wisdom is about to make those early retirement and financial freedom dreams a reality.

Welcome back to another Seeing Greene. As always, your expert investor co-hosts, David Greene and Rob Abasolo, are here to answer any and every real estate investing question you have. First, we answer, "Is an ADU (accessory dwelling unit) EVER worth building?" With the sky-high construction and labor costs, do these tiny homes make more sense now than ever? Next, we’ll break down how a HELOC (home equity line of credit) works, then David and Rob explain how they’d invest $300K in TODAY’s market and counsel a landlord/broker on how to retire a millionaire with real estate.

In This Episode We Cover:

When (and when NOT) to build an ADU (accessory dwelling unit) on your property

HELOC (home equity line of credit) interest rates explained and when to open one

How David and Rob would invest $300K in today’s housing market

How to use home equity and a SMALL real estate portfolio to retire a millionaire

What to do when your long-term tenant NEVER signed a lease

Portfolio architecture 101 and the huge benefit of paying off your rental properties

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Listen to Our Sister Podcast, “On the Market”

Forum Post: Buying a property where tenant does not have a lease

Episode 919: How to Use Real Estate to Quit the 9-5 Grind

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-932

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

931: How to Build a Real Estate Portfolio from Scratch in 2024

Mon, 08 Apr 2024 06:00:00 -0000

If you have just $10,000, you can start investing in real estate THIS YEAR, even with ZERO experience. How are you going to do it? In this episode, we’re breaking down the most beginner-friendly ways to build a real estate portfolio with low savings, a median income, and bills to pay. While this might not be the easiest road to real estate riches, within just a few years, you could be sitting on multiple investment properties IF you make the right moves.

Dave Meyer, David Greene, and Rob Abasolo all started investing without much cash in the bank. They had to budget, save, and build up their finances to get their first rental property in the bag. But, once they started investing, it was hard to stop. Now, they all have financial freedom-enabling real estate portfolios that spit out plenty of monthly cash flow. And they’re here to help you build wealth, too!

Dave, David, and Rob share their favorite ways to start from scratch when investing in real estate, how to best use $10,000 to get in the game, the one beginner investing strategy that EVERYONE should try, and how to use other people’s money to grow your real estate portfolio even faster! So, if you want to make 2024 the year YOU start investing, even if you don’t have a ton saved up, stick around!

In This Episode We Cover:

How to start investing in real estate with just $10,000 and a median-income job

The best beginner real estate investment for those who want to get into the game

How to make money in real estate WITHOUT buying a single property

The unconventional advice that could give you a HUGE pay raise at work

Real estate partnerships 101 and the exact pitch Rob gave his first partners to raise money for a deal

The “sneaky rental” tactic that allows you to scale your real estate portfolio at lightning speed

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Get Access to Expert Investing Tools with BiggerPockets Pro

Network with Other Investors on the BiggerPockets Forums

Connect with Dave:

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-931

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

930: Agents React to NAR Lawsuit Commission Change

Fri, 05 Apr 2024 06:00:00 -0000

The NAR lawsuit changed the real estate industry overnight. Just like that, buyer’s agents were no longer getting their standard three percent commission, and many investors began imagining what buying and selling homes would be like without realtors. But is this massive NAR settlement as dramatic as the headlines are making it out to be? Is there really an agent exodus on the horizon, or is this just a way for the bad agents to exit the industry quickly? We brought on a panel of top investor-friendly agents to find out.

Joining us are four agents from across the nation: Avery Carl, Craig Curelop, Juliet Lalouel, and Mike Savegnago. All of these agents are affected by the recent NAR lawsuit settlement, but they don’t seem so shaken up. For many of these agents, this lawsuit simply thinned the competition, putting the expert agents back on top while showing the less-than agents the door. Plus, after the recent deals they’ve done, they’re not too concerned about a lack of buyer’s agent fees.

Today, we’re asking each of them their thoughts on the changes to the NAR’s rules, how this will affect buying and selling homes, what this means for real estate agent commissions, and what agents should do NOW to get ahead of the game. Plus, since our agent panel is all investors as well, they give some crucial advice on finding an agent in your area that will help you build your real estate portfolio even bigger.

In This Episode We Cover:

The NAR lawsuit explained and what it means for real estate agent commissions

A “huge exit of agents” and how this could change the real estate industry forever

What to do when a seller offers you or your buyer’s agent a zero-percent commission

What real estate agents need to start doing NOW to ensure they still get paid

The key signs of an investor-friendly agent that any landlord should be looking for

Massive downsides of buying or selling without an agent (it will cost you…)

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

On The Market

Connect with Other Investors in the “On The Market” Forums

Subscribe to The “On The Market” YouTube Channel

Avery's BiggerPockets Profile

Craig's BiggerPockets Profile

Craig's Facebook

Craig's Instagram

Craig's Website

Juliet's BiggerPockets Profile

Juliet's Instagram

Juliet's Brokerage Instagram

Juliet's YouTube

Juliet's Website

Mike's BiggerPockets Profile

Mike's Facebook

Mike's LinkedIn

Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-930

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

929: Spring Cleaning: Why We’re Selling Off Parts of Our Rental Portfolios

Thu, 04 Apr 2024 06:00:00 -0000

Why are David and Rob selling off parts of their rental portfolios? It’s a new season, and you know what that means—spring cleaning! And if you’ve got underperforming properties, a real estate business that’s just treading water, or employees who aren’t moving the needle, this is the episode for you. David and Rob are talking about “trimming the fat” of their portfolios and businesses, weeding out the bad expenses, and selling off their problem rental properties. And with spring being the best time to sell, you may want to consider doing the same.

First, we’re going through David and Rob’s real estate businesses—they’re talking about hiring, firing, starting new businesses, and when it’s time to slow INSTEAD of grow. Next, the investing duo takes a hard look at their portfolios, triaging the properties into winners, losers, and the ones that need a little love. If you’ve got a rental property that isn’t pulling in the numbers you want, now may be the time to sell!

But, if you’re going to sell some of your rentals, how do you use that money to keep building wealth? We’ll get into exactly what David and Rob are doing with the money from their problem rental properties and how they’re using it to multiply their cash flow even more. Don’t leave your portfolio collecting dust—you’ve got some spring cleaning to do!

In This Episode We Cover

When it’s time to sell your rental properties (and how to know they’re underperforming)

Why you should NOT start a new business until you evaluate THIS

Hiring, firing, and how to know it’s time to cut back your business expenses

The real reason you need to visit your properties more often (Rob’s BIG mistake)

Return on equity (ROE) and why you need to keep track of this crucial metric

David’s potential move and why he may be leaving the Golden State behind

And So Much More!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-929

Learn more about your ad choices. Visit megaphone.fm/adchoices

928: 124 Units in 4 Years by Only Investing in Small Towns and Tiny Markets w/Dylan Osmon

Wed, 03 Apr 2024 06:00:00 -0000

In just four years, Dylan Osmon went from having no job, barely any money, and no real estate investing experience to owning over one hundred rental units. How’d he do it so quickly? Before we answer that, we’re going to make this a little more impressive. Dylan isn’t buying in the big cities with tons of inventory going on the market every week—he’s been buying in tiny towns that you and almost everyone else listening to this have never heard of. And he may have struck gold by doing so.

Dylan acquired his first investment property right before the lockdowns. Then, after closing, he quickly realized that this was the worst rental property he could have bought. It had everything—low rents, tenants who never paid, and, to top it off, a cesspool of human waste in the crawlspace—everything you need for a deal gone wrong. He quickly got control of this nightmare rental, flipping it and walking away unscathed. But now, he had to start back from square one, this time with new knowledge.

Over the next few years, Dylan made it his mission to build multiple income streams, so every dollar he made went into new deals. He eventually met partners that would help him scale even quicker and learned the secret to finding the best off-market properties—don’t worry, he shares it in this episode! Now, he’s got over one hundred rentals across three small markets, and if you copy his strategy, you could too!

In This Episode We Cover:

Why you CANNOT overlook small markets when investing in real estate

The #1 best way to find off-market real estate deals in any area

How much emergency reserves you should have on hand at ALL times

Investing in real estate with no money by finding the deal FIRST

Scaling your real estate business faster so you don’t have to do so much of the work

The risk of having only a W2 salary and just one income stream

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Use The BiggerPockets Investment Calculators On Your Next Deal

8 “Under the Radar” Housing Markets With Low Prices and High Cash Flow

Connect with Dylan

Dylan's BiggerPockets Profile

Dylan's Facebook

Dylan's Instagram

Dylan's Website

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-928

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927: Seeing Greene: Refi vs. “Recast,” Tax-Free Equity, & When to Cut Your Losses

Tue, 02 Apr 2024 06:00:00 -0000

When is it NOT worth taking a capital gains tax exemption? Wouldn’t it ALWAYS be a good time to pay Uncle Sam less? Not exactly…and today, we’re going to get into why. But there’s much more coming up in this Seeing Greene. If you’ve had trouble with an overbudget home renovation or are a real estate agent looking for new ways to find leads, stick around—we’ve got just what you need.

BRRRRman and Rob-in are back as our housing heroes, answering any and every question you have about real estate investing. First, Ronnie, a new real estate agent and full-time law enforcement officer, wants to know how to get more leads in his small market. David gives one piece of advice EVERY real estate agent must hear to help explode their businesses. Next, we discuss refinancing vs. recasting your mortgage and when each is worth it. A house hacker debates reinvesting in his backyard tiny home or buying a house in cash. Then, we talk about why selling your former primary residence, even with a capital gains exemption, might not make sense. And finally, a rehab gone wrong causes an investor to question whether it’s time to hold ’em or fold ’em.

In This Episode We Cover:

How to get more real estate leads as an agent no matter the size of your market

“Recasting” your mortgage and how it can save you hundreds or thousands every month

Reinvesting in a rental or buying a new one in cash using a cash-out refinance

Avoiding capital gains taxes when selling your primary and whether to move that cash into a new rental OR keep the property

Home renovations gone wrong and when to sell a property you’ve gone over budget on

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Grab David’s Book, “SCALE”

Meet Investors in Your Area on the BiggerPockets Forums or at a BiggerPockets Meetup:

Forums

Meetups

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-927

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

926: 6 Tips to Grow Your Real Estate Portfolio While Working 9-5

Mon, 01 Apr 2024 06:00:00 -0000

You want to grow your real estate side hustle, but your W2 is taking up too much of your time. How do you invest in real estate when you’re stuck at the office or behind a desk from nine to five? We’re about to give you expert tips on growing a real estate portfolio or real estate business no matter your W2 because if David Greene and Rob Abasolo can do it, so can you!

Whether you want to build a rental property portfolio, flipping or wholesaling business, real estate agent side income, or something else, it can be a struggle managing your real side hustle while working your full-time job. And, if you eventually want to quit your job and become a full-time real estate investor, you’ll need your real estate to produce as much or more than your current job, but how do you make that type of income with only nights and weekends free?

These six tips will help you create a bigger, better, more scalable real estate side hustle, helping you do more with less time WITHOUT burning out. From setting a side hustle schedule to automating everything you DON’T need to be doing, avoiding feeling overworked, and using your free time to speed up your timeline to financial freedom, these tips are CRUCIAL if you ever want to build wealth through real estate. So, if you’re struggling to balance your job with creating a real estate business/portfolio, implement these tips TODAY!

In This Episode We Cover:

Why you need to START telling your boss (and yourself) “no” more often

How to automate and delegate to free up time in your day so you can do what matters most

The Pareto Principle (80/20 rule) that will change the way you do anything and everything

Tips to avoid burnout when working a job AND for yourself and what David did to reverse his real estate paralysis

Why you should NOT quit your job until you’ve reached THIS stage of investing

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

How to Use Real Estate to Quit the 9-5 Grind

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-926

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

925: BiggerNews: Housing Inventory Up 24%, Are We Returning to “Normal”? w/Mike Simonsen

Fri, 29 Mar 2024 06:00:00 -0000

Housing inventory has shot up over twenty percent year-over-year. So, are our low inventory struggles finally behind us? During the low interest rate days, housing inventory couldn’t keep up with demand. Within days of posting a listing, properties had already gone under contract, and buyers could no longer bid. But now, with higher interest rates, we’re finally starting to see a return to “normal,” but a rate cut could take us back to scarce inventory in an instant. So, is now the time to buy?

Mike Simonsen from Altos Research joins us on this BiggerNews episode to give an update on housing inventory. Mike’s team tracks every home for sale in the country every single week and has been doing so for almost two decades. Today, he gives us the most recent data on homes for sale, why inventory is rising, the states that are seeing the most inventory hit the market, and whether or not we can expect to return to pre-pandemic inventory levels.

Plus, for those debating waiting it out for lower mortgage rates, Mike shares exactly how rates will affect housing inventory and why waiting could throw you back into the bidding wars once rates drop again. Mike even discusses the data behind price cuts and when you can expect sellers to start accepting lower bids.

In This Episode We Cover:

A housing inventory update and why more inventory is finally starting to hit the market

What happens to housing inventory if interest rates fall or rise

Florida, Texas, and other southern states that are seeing a surge in housing inventory

Why most investors are wrong about price cuts

What must happen if we’re to see inventory rise back to pre-pandemic levels

The one thing buyers and sellers should know if they’re waiting for rates to fall

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

The Housing Market “Signals” That Predict Where We’re Headed w/Mike Simonsen

HousingWire CEO: This Inventory Shortage Could Last Decades

Connect with Mike

Altos Research

Mike's LinkedIn

Mike's X/Twitter

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-925

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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924: Raising Private Money 101: Beginner Steps to Raise Your First $1,000,000

Thu, 28 Mar 2024 06:00:00 -0000

Want to explode your real estate portfolio? Then you MUST know about raising private money. When done correctly, private money (also called private capital) can help you and your investors reach financial freedom faster instead of wasting months or years between deals as you wait for your savings to grow. The best part? It’s not just the big players that are raising private capital. Small-time investors doing five or ten-unit deals can still massively benefit from private money, and we’re about to show you how to get it!

When talking about private capital, there’s arguably no one who knows the subject better than Matt Faircloth. Matt literally wrote the book Raising Private Capital and has used the same strategies in it to raise millions of dollars for his own investing business, The DeRosa Group. Matt’s partner, Hervé Francois, also joins us today to go over the beginner steps of raising private capital. These two capital-raising experts will show you exactly how to raise your first $1,000,000 in three simple steps and give you a pitch example you can use to raise private capital from ANYONE in your network!

Connect with more investors, get more deals done, and raise private capital faster with a BiggerPockets Pro membership. Podcast listeners get 20% off with code “FUNDING24”!

In This Episode We Cover:

How to raise private capital and get your first $1,000,000 in private money

Scaling your real estate portfolio FASTER by leveraging private capital

The BIGGEST mistake beginners make when trying to raise private capital

The three beginner steps you can take to start raising private capital for your next deal

A private money pitch example you can use to start building your network

The best real estate investing tool that every capital raiser should have

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Rental Property Calculator

BiggerPockets Tools Mentioned in Today’s Video:

Rent Estimator

Grab Matt’s Book, “Raising Private Capital”

Connect with Hervé

Hervé's BiggerPockets Profile

Hervé's LinkedIn

Hervé's Website

Connect with Matt

Matt's BiggerPockets Profile

Matt's Instagram

Matt's Website

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-924

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

923: From No Savings to Building 60 Houses in 5 Years! w/Ayesha and Kevan Shelton

Wed, 27 Mar 2024 06:00:00 -0000

Feeling scared to do your first or next real estate deal? Even if everything goes wrong, you may still be in a better position than Ayesha and Kevan Shelton were just a few years ago. After quitting their jobs to become full-time real estate investors, Ayesha and Kevan found themselves staring at a $300,000 loss. Their credit was ruined, their life savings drained, and most of their partners walked away, never to return. Ayesha and Kevan did the right thing, paying back every investor who funded their failed house flips, but it came at a cost.

With a baby on the way, Ayesha and Kevan were debating bankruptcy to get some relief from the massive financial pressure they were under. But some wise investors told them they had it in them to rebuild their wealth—and that’s precisely what they did. In today’s incredible investor story, you’ll hear about how this power couple pivoted to turn their business around and began investing in new build construction projects.

Now, five years later, they’ve built sixty homes, developed their own communities, and created true wealth out of nothing. The best part? These new construction homes are affordable housing, helping solve the inventory crisis we’re currently facing and giving those that truly need it safe, affordable, quality homes to live in. And if Ayesha and Kevan can do it starting from negative, you can too, even if you’re starting from zero!

In This Episode We Cover:

How Ayesha and Kevan turned a $300K loss into a massively successful business

Why you always (ALWAYS!) pay back the investors you’ve borrowed from

Affordable housing 101 and how to get discounted land deals for your next new construction project

How to find the “path of progress” of where homes will appreciate in your area

Scaling your business with new construction homes instead of flipping houses

Private money, hard money, and other creative financing methods to use when banks WON’T fund your deals

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

4 Vital Points to Consider BEFORE Getting Into New Construction

Kevan's BiggerPockets Profile

Connect with Kevan & Ayesha

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-923

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

922: Seeing Greene: Signs It’s Time to STOP Investing in Real Estate

Tue, 26 Mar 2024 06:00:00 -0000

When is enough enough? When is it time to STOP investing in real estate? When you have a hundred units or a thousand? When can you step back and let the hard work and grind pay off so you can spend more time with your family, spouse, children, and loved ones? But maybe this is just the start of your real estate investing journey, so a better question would be: how to start investing when you DON’T have tons of money to get in the game? Whether you’re a couple of years away from early retirement or gearing up for your first rental, we’ve got you covered on this episode of Seeing Greene.

Full-time real estate investors David and Rob are back to answer your investor questions! This time around, live-caller Ethan wants to know when enough is enough. He’s built a big real estate portfolio, but his spouse is asking, “What’s the end goal?” Next, David and Rob share what’s going on in their own lives and the “perfect storm” that hit David head-on that could be headed your way. A young house hacker wants to know the best plan for his property after he moves out: rent by the room, turn it into a long-term rental, or go the short-term rental route. Finally, a homeowner with some sizable equity but no extra money asks if she should sell her low-rate primary residence and exchange it for some investment properties.

In This Episode We Cover:

Why you need to start preparing your short-term rental for spring and summer break NOW

When to start raising rates on last-minute guests (HUGE revenue boost)

What you MUST include in your listing before it’s spring/summer break

Amenities that any host can add to their home to bring in more bookings

Why seasonal photos make a huge difference to guests when browsing properties

How to avoid parties at your property and guest red flags to watch out for

Airbnb’s indoor camera ban and what to do if you have security cameras on your property

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear Our Interview with AirDNA’s Jamie Lane

AirDNA

PriceLabs

BiggerPockets Podcast 795 with Chad Carson

BiggerPockets Podcast 492 with Rob Abasolo

Forum Post: Sell Primary Residence to Use Equity for Rentals?

Check Out Rob’s New Short-Term Rental, The Pink Pickle

Book Mentioned in the Show:

SCALE by David Greene

The Small and Mighty Real Estate Investor by Chad Carson

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-922

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

921: How to Get More Airbnb Bookings This Spring and Summer Break

Mon, 25 Mar 2024 06:00:00 -0000

Wondering how to get more bookings on Airbnb as spring break and summer vacation inch closer? With some expert tips, you’ll be able to bring in more revenue and higher reviews during these peak travel times. From listing optimizations to algorithm-beating description tweaks and amenities that’ll make your short-term rental stand out, using any of these expert tips can help your single short-term rental or short-term rental portfolio see more bookings flow in!

We’ve already got a short-term rental expert on the show, Rob Abasolo. But one isn’t enough. Avery Carl is back to give her time-tested tips on boosting your Airbnb bookings during the spring break and summer vacation seasons. These two full-time vacation rental investors get into how to make more money with last-minute bookings, why you MUST change your pictures before it’s too late, the description tweaks that can lead to a full calendar, and the “low-hanging fruit” amenities that guests LOVE to see!

Plus, since it’s spring break, these experts give their best tips on how to avoid parties at your property and stop your short-term rental from becoming a spring break rager!

In This Episode We Cover:

Why you need to start preparing your short-term rental for spring and summer break NOW

When to start raising rates on last-minute guests (HUGE revenue boost)

What you MUST include in your listing before it’s spring/summer break

Amenities that any host can add to their home to bring in more bookings

Why seasonal photos make a huge difference to guests when browsing properties

How to avoid parties at your property and guest red flags to watch out for

Airbnb’s indoor camera ban and what to do if you have security cameras on your property

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear Our Interview with AirDNA’s Jamie Lane

AirDNA

PriceLabs

Avery's BiggerPockets Profile

Book Mentioned in the Show:

Short-Term Rental, Long-Term Wealth by Avery Carl

Connect with Avery:

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-921

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

920: Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever w/The New York Times’ Debra Kamin

Fri, 22 Mar 2024 06:00:00 -0000

A bombshell NAR settlement could bring wide-sweeping changes to the housing market. After a snowball of NAR lawsuits, the realtor association agreed to settle for a whopping $418 million and make critical changes to how real estate agent commissions are paid and how competition can be upheld. This significantly impacts anyone buying or selling a home and has life-changing effects for every real estate agent and realtor in the country. The New York Times’ Debra Kamin joins us to break the story.

Debra breaks down the enormous legal loss that NAR (National Association of Realtors) suffered last week and the impacts it will have on the housing market. First, we discuss the new agent commission rules, which may break the standard six percent fee that realtors are used to taking. These commissions are real estate agents’ livelihoods, and a new model that supports lower commissions could force many agents to leave the industry entirely.

We’ll also touch on the turbulent times NAR has faced recently, from sexual harassment scandals to changing leadership and, now, a massive settlement that could lose them more than half of their members. Will a new type of real estate agent form from the ashes of this century-old model? Or, could a brand-new way of buying and selling homes transform the housing market? Stay with us; we’ll give you the entire scoop.

In This Episode We Cover:

NAR’s massive settlement creating ripple effects across the real estate market

The new real estate agent commission rules that could shock an entire industry

Changes to the multiple listing service (MLS) that may open the market up to new competition

The future of buyer’s agents and whether or not they’ll remain a critical component to buying a home

Sexual harassment scandals, turbulent leadership, and recent NAR struggles

What the future of using a real estate agent could look like

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Check out the entire episode on the "On the Market" YouTube Channel

The NAR Will Eliminate 6% Commission Standards and Pay $418 Million in Damages After Settling Lawsuit

Is It the End of the Realtor? Inside the NAR Crisis

New Agent Lawsuits Could Have Profound Effects for Buying and Selling Homes

Connect with Debra:

NYT

Debra's Website

Debra's Twitter

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-920

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

919: How to Use Real Estate to Quit the 9-5 Grind

Thu, 21 Mar 2024 06:00:00 -0000

Ready to escape the rat race and leave your nine-to-five behind? You’re tired of the early mornings, late nights, alarm clocks, and commuting. You want to go out on your own, create your own destiny, gain autonomy, and control your schedule. Can real estate help you get there? Definitely, but it won’t be the way you think. Those popular flipping shows on TV and influencer Instagram feeds love to show how easy and fun it is to be a full-time real estate investor. But is this reality?

Today, we’re having an “escape the rat race” roundtable as Dave Meyer, David Greene, and Rob Abasolo discuss the best way to quit your job with real estate. Two of these investors are full-time real estate professionals, while one still holds their nine-to-five. In this episode, they get into the exact strategies you can use to start building wealth through real estate, create cash flow to replace your job, and determine which investments will work best for you. There’s even one strategy they ALL agree is the best way to get started.

But before you hand in your two weeks’ notice, you better listen up. The world of full-time real estate investing isn’t what it seems on the outside, and unless you’re willing to put in the work, you might as well stay at your job and invest on the side. Want to hear about the grind none of the investing gurus will tell you about? Stick around; we’re sharing it all in this episode.

In This Episode We Cover:

How to quit your nine-to-five job and start investing in real estate full-time

The easiest way to get started investing in real estate that EVERYONE should do

Active vs. passive real estate investing and whether you should flip houses or fund other people’s deals

The truth about real estate cash flow and why it WON’T solve the problems you want it to

Which personality types should invest in which assets (and the ones you should avoid)

Real estate jobs you can start NOW that will help you get into the game even faster

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Forum Post: Which real estate strategy works best to escape the 9-5 rat race?

Hear Last Week’s Seeing Greene, “Seeing Greene: Can I Escape the Rat Race with Just $70K?”

Why you shouldn’t quit your 9-5 job to become a real estate investor

BiggerPocket's Instagram

Connect with Dave:

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-919

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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918: Creating Their Own Demand By Ditching the "Cookie-Cutter Flips" w/George and Heather Bassett

Wed, 20 Mar 2024 06:00:00 -0000

Fix and flips have looked a lot alike for the past few years. You see the same countertops, wall colors, appliances, and flooring in almost every new flip. While it makes sense for many high-volume flippers to use the same “cookie cutter” recipe repeatedly, it may not get you the highest price on your house flip. If you want to start a bidding war on your next investment property, you’ll need to think outside the box, like George and Heather Bassett have.

George and Heather aren’t your everyday house flippers. To start, they filmed this entire interview from inside a church-turned-luxury house flip. George and Heather want to make each home they flip stand out and feel unique to every prospective buyer who walks through it, and their recipe for success sure seems to be working. On a recent flip, they had over fifty showings in one weekend alone. So, what house-flipping tips do they have that could help YOU sell for more?

From unique finishes to thinking of livability first, asking the house what IT wants, and staging the not-so-basic way, George and Heather deliver an absolute masterclass on how to turn your next fix and flip into a show-stopping, bidding-war-starting, beautiful property that could give you tens of thousands more in profit than what the everyday flipper is getting.

In This Episode We Cover:

Why “cookie cutter” flips AREN’T what buyers want in 2024

Inexpensive, “unique” additions that’ll make your fix and flip sell for more

Asking the house what IT wants and keeping the character of historic homes

How to use “bold” renovations to start a bidding war on your next house flip

Financing your next fix and flip with hard money, private money, and…credit cards?

The ONE thing that’ll help your home sell for TOP dollar (which most people skip)

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

The Renovations That’ll Instantly Increase Your Home Value, Part 1

The Renovations That’ll Instantly Increase Your Home Value, Part 2

Check Out George and Heather’s Church Flip

Connect with George and Heather:

Team Bassett Facebook

Team Bassett Website

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-918

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

917: Seeing Greene: Can I Escape the Rat Race with Just $70K?

Tue, 19 Mar 2024 06:00:00 -0000

Want to escape the rat race? To do so, you’ll need some serious investments. And if you want bigger and better cash flow or appreciation, commercial real estate is the place to start. But how do you find these bigger deals? Sure, it’s easy to log on to your favorite listing website and find a hundred houses to buy, but what about self-storage facilities, multifamily apartments, warehouses, and more? How do you find the BIG deals?

On this Seeing Greene, we’re answering crucial investing questions so you can build wealth better and reach financial freedom faster. First, Real Estate Rookie guest Mike Larson calls in to ask how to find off-market commercial real estate deals. If you’ve ever wondered how to invest in commercial real estate, this is the place to start! Next, a BiggerPockets Forum poster asks for the best investment to “escape the nine-to-five rat race.” A short-term rental investor needs to know the best way to invest his home equity. Plus, we discuss why mortgage rates DON’T matter as much as you think they do!

In This Episode We Cover:

How to escape the rat race with real estate investing

Commercial real estate investing 101 and where to find off-market commercial deals

Commercial funding tips you MUST know before you try to buy a big property

How to use your home equity to invest and WHICH type of real estate is your best bet

What to do when the chances of refinancing to a lower rate look bleak

The truth about high mortgage rates (most investors are WRONG about this)

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear James On the “On the Market” Podcast

Grab David’s Book “Pillars of Wealth”

From $40K Debt to 4 Doors and Six-Figure Net Worth (In 1 Year!) w/Mike Larson

Which real estate strategy works best to escape the 9-5 rat race?

Connect with Mike

Mike's Instagram

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-917

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

916: Crucial Contractor Tips to Avoid Renovation Disaster w/‘Rico to the Rescue’

Mon, 18 Mar 2024 06:00:00 -0000

A bad contractor could not only ruin your home renovation but cost you tens if not hundreds of thousands of dollars. Don’t believe us? Just ask Rico to the Rescue’s Rico León. Rico has spent years cleaning up contractor mistakes, making homeowners feel whole again after getting ripped off, lied to, and scammed by who they thought were reputable contractors. As a contractor himself, Rico knows the red flags to spot right away to tell if a contractor will take your money and run, and he’s sharing them with us today!

This episode is crucial for ANYONE who owns a home, is looking to renovate one, or is just getting started in real estate investing. Home renovations can make or break your career as a real estate investor, so knowing who can get the job done is a skill that can’t be overlooked. Rico breaks down the common problems inexperienced contractors run into, the Ponzi scheme of payments to look out for, how to create a contractor contract so you protect yourself, and the mistakes you can prevent BEFORE you hire a contractor.

Plus, we’ll get into the not-so-obvious red flags that only an experienced contractor will notice, what you need to check before you hire a contractor, the milestones to set up so you don’t get ripped off, and the conversation you must have with ANY contractor before work begins. Finally, Rico leaves us with four tips to help even the most inexperienced homeowner hire the right contractor.

In This Episode We Cover:

Red flags that point to a shady contractor who has their eyes on your wallet

Writing your contractor contract so you stay legally protected during a renovation

Why you never (EVER!) pay upfront for a home renovation

What you MUST check before you hire a contractor to ensure they’re legit

The common contractor Ponzi scheme that is slowly being targeted by local governments

Expert-tested tips to hire the right contractor for your first home renovation

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear Henry and James On the “On the Market” Podcast

Watch "Rico to the Rescue" On HGTV

Catch Rico On the Other HGTV Shows:

Battle on the Mountain

House Hunters: All Stars

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-916

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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How to Get an Off-Market Seller on YOUR Side (+Most Common Objections) W/DealMachine

Sat, 16 Mar 2024 06:00:00 -0000

Tune into The DealMachine Real Estate Investing Podcast for more episodes just like this!

Want to take down off-market real estate deals? You know, the properties you can get at the lowest prices and make a significant profit on? If so, you must know how to talk to off-market sellers. But, before you take your next seller phone call, you better be prepared to get hit with any of these nine common seller objections. And if you’ve been in real estate for a while, many of these sound familiar. But today, our friends at DealMachine will show you how to handle them like a pro.

“I need to talk to my spouse.” “I need to think about it.” “My house is worth more!” These are just a few common real estate objections you may have heard before. So, how do you turn a standoffish seller into a motivated one? Jennie Hudspeth, sales trainer for top homebuying companies, is on to give her time-tested, expert knowledge on disarming even the most frustrated sellers so you can get on equal footing and make an off-market deal actually happen!

Liked today’s show? Check out even more DealMachine podcast episodes here, where you’ll learn from wholesaling experts and the TOP off-market deal finders!

In This Episode We Cover:

How to handle the top nine real estate objections you’ll hear from off-market sellers

The three things that will make an owner unsure about selling (and how to address them)

The common “smokescreen” objections and how to bring back a seller’s confidence in you

What to do when an off-market seller is fixated on an on-market sales price

Not wasting sellers’ time and ensuring they are in the position to sell their home

Why should you NEVER say, “Can I be honest with you?” and what you should say instead

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Listen to “The DealMachine Real Estate Investing Podcast”

Get Your Next Off-Market Deal Faster with DealMachine

Connect with Jennie:

Jennie's Email

Jennie's Instagram

Jennie's LinkedIn

Connect with David:

Connect with Ryan:

Ryan's Instagram

Ryan's Website

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-bonus-2

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

915: BiggerNews: Why Mortgage Rates AREN’T Falling w/Caeli Ridge

Fri, 15 Mar 2024 06:00:00 -0000

The Fed has signaled something significant for mortgage rates. With inflation still rearing its head and the job market hot as ever, the Fed already has enough evidence to hold back on lowering the federal funds rate, which influences the mortgage rate you get on a home. So when will the Fed finally lower rates so we can escape this highly unaffordable mortgage market? Or, can the Fed pause for the foreseeable future as we enter a new era of high interest rates? Caeli Ridge, President of Ridge Lending Group, is here to help us answer these questions.

Caeli works on getting investors mortgages every single day, so she has a solid pulse on the mortgage market. She gives us a mortgage rate update, explaining what today’s rates look like, when the first Fed rate cuts could come (sooner than you think!), and how a mortgage lender calculates your specific rate. She also gives some tips on navigating this high-rate environment and why merely looking at your mortgage rate as a deciding factor could cost you big time.

As we wrap up, Dave will give his perspective on what the Fed is waiting for and the factors that MUST change before the Fed decides to proceed with a rate cut. He’ll also share a few tips on how to get ahead of the competition with today’s high rates and why these unique advantages won’t last long.

In This Episode We Cover:

How long we’ll have to wait for the Fed to finally cut rates

March 2024 rate update and the rate you can expect on your next mortgage

What matters MUCH more than your mortgage rate when closing on a property

LLPAs (loan-level price adjustments) and how to score a lower interest rate from your mortgage lender

The crucial economic factors the Fed is watching to decide when to lower mortgage rates

How to get ahead of the competition during a high-rate environment and buy when the masses are distracted

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Grab The Personalized Guide to Picking a Mortgage

The BiggerPockets Mortgage & Home Loan Calculator

Should You Buy Mortgage Points?

Fed Meetings Calendar

Connect with Caeli:

Caeli's BiggerPockets Profile

Caeli's Instagram

Caeli's LinkedIn

Caeli's Website

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-915

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

914: Deals We’re Doing: Rob’s Pink Pickle and How David Made $500K on ONE House914:

Thu, 14 Mar 2024 06:00:00 -0000

You hear us talk a lot about buying real estate, but what real estate deals are WE doing in 2024? Today, we’re pulling back the curtain on our portfolios, walking you through actual deals we’re doing, how much they cost us, how much they’re making, and why, surprisingly, one of us STOPPED buying real estate to focus on something that’ll make much more money. Want to know what it is? We’re about to give you every detail you need to repeat the real estate deals we’re doing!

First, Rob will talk about his Pink Pickle…yes, you read that right. It’s the newest bachelorette party-themed short-term rental in Austin, Texas! This short-term rental has everything you’d ever need: a pink pickleball court, a pink dinosaur, a mysterious red button that you SHOULD NOT PRESS, and an above-ground pool. This property took a LOT of work, but it only happened because of a real estate deal gone wrong.

Next, David gives a masterclass on how to make half a MILLION dollars in equity on one rental property. He also shows you how having an investor’s eye can allow you to TRIPLE the square footage of a home and skyrocket the rents, making you much more cash flow than you thought possible. And no one even wanted this property in the first place! How do you find these hidden deals? Stick around; we’ll show you!

In This Episode We Cover:

Whether to buy more doors or reinvest in your real estate portfolio in 2024 (and what we’re doing)

Housing market headwinds that are stopping most investors and how to get around them

Turning a house flip gone wrong into a cash-flowing short-term rental

How David turned a tiny house into a $1.3M triplex with a HUGE equity position

The BRRRRSTR strategy explained (buy, rehab, rent, refinance, repeat, short-term rental)

Why you always check for extra square footage BEFORE you make an offer on a house

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

How to Invest in Short Term Rentals (STR)

How to Invest in Real Estate With the BRRRR Method

Book the Pink Pickle

Why I stopped buying real estate (and why you should too)

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-914

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

913: 150+ Deals in 3 Years and Why You DON’T Want to Be a Landlord w/Don'nell Greer

Wed, 13 Mar 2024 06:00:00 -0000

Most real estate investors do a few deals a year if they’re lucky. But today’s guest was doing twenty to thirty real estate deals a MONTH. That’s right—not per YEAR, per MONTH. And he did it all while scaling his real estate business at lightning speed. The best part? He didn’t have to use his own money to get there—his deals were being funded completely by private partners, and if you stick around, you’ll know exactly how to do it, too!

After closely observing investors while he was a real estate agent, Don’nell Greer got the hang of finding and tackling profitable real estate deals. After much analysis paralysis, he got his first deal under contract—an $80,000 home that needed some heavy sweat equity to make it profitable. With high rents and low home prices, Don’nell knew the deal would work, but he needed more money. Through a family loan, Don’nell realized the power of private money, and once he saw the possibilities, there was no turning back.

Fast forward soon after, and Don’nell was borrowing hundreds of thousands of dollars from millionaire investors he met through his network. Thanks to the new source of funding, Don’nell was able to flip dozens of houses a month, making a life-changing business in the process. But it wasn’t all good news. Partnership problems, rising interest rates, and changing market dynamics forced Don’nell to make a hard pivot—a pivot you may have to make in the future!

In This Episode We Cover:

How to get past analysis paralysis and get your first real estate deal in the bag

How to use private money to fund your real estate deals when you’re low on cash

Flipping twenty-thirty houses a MONTH by scaling your real estate business

Taking a chance on tenants and why most landlords say “no” to some of the best renters

How Don’nell corrected course when rising interest rates put his flipping business at risk

The power of coaching and mentorships and why you need a strong real estate community to succeed

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Find Your Next Home Insurance Contact

Don’nell Greer Made $70,000 on the First Property. Now He’s 200 Flips Into His Career—Here’s How He Did It

Connect with Don'nell:

Don'nell's BiggerPockets

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-913

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

912: Seeing Greene: Paying Off Rentals, Partnerships Splits, & Using Home Equity

Tue, 12 Mar 2024 06:00:00 -0000

Want to double your real estate portfolio and bring in much more cash flow? What about using some of your untapped home equity to invest? Today, we’re showing you how to do just that on this episode of Seeing Greene, where we get into real estate partnerships, paying off rental properties, using home equity to invest, and the not-so-secret repeatable thirteen-percent return real estate investment.

Green means go, so we’re flooring it in this episode as David Greene and expert guest James Dainard bring some high-level investing tactics you can use to build wealth even faster. First, we get a question from Real Estate Rookie guest Matt Marcelissen, wondering how he can double his real estate portfolio by harnessing the power of partnerships. David and James give some rare advice on why you SHOULDN’T split things 50/50. Next, an investor wants to know if his low ROE (return on equity) rental is worth paying off. Then, what to do when you have home equity but can’t sell the house? And finally, James’ thirteen-percent return investment he’s using to pay for his kids’ college!

In This Episode We Cover:

How to double your cash flow by using real estate partnerships the RIGHT way

Why splitting returns on your partnership 50/50 is NOT the way to go

Whether or not to pay off a rental property to boost your cash flow

How to invest with home equity when you can’t sell a property

Why David looks for this type of housing market “potential” when buying properties

Hard money investments that can make you double-digit returns

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear James On The “On the Market” Podcast

Past Episodes Mentioned on Today’s Show:

Dion Mcneeley (Real Estate)

Dion McNeeley (Rookie)

Matt Marcelissen

Seeing Greene 897

Connect with Matt

Matt's BiggerPockets Profile

Matt's Instagram

Connect with James

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-912

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

911: The “Value-Add” Playbook: How to Boost Equity and Bring in MORE Cash Flow

Mon, 11 Mar 2024 06:00:00 -0000

Want to turn your rental property into a cash-flowing machine? What about boosting your property’s equity by tens or hundreds of thousands? The “value-add” strategy can do all this and more, but you’ll need to know the right moves to make. Top real estate investors have been using value-add on their rental property portfolios for decades, turning lackluster rentals into financial freedom-producing properties, and you can do the same IF you know how to spot value-add opportunities.

So, today, we’re showing YOU how to make MORE cash flow and explode your home equity by tweaking your rental properties in the right ways. Both David and Rob have done this numerous times across multiple properties. In fact, David even shares a real-life example of how he increased the cash flow on one of his rental properties by over $10,000/month thanks to an interesting strategy most rookie real estate investors would completely overlook.

Not only that, Rob was able to turn his first Southern California home into a multifamily rental that hosts long, medium, and short-term tenants, and rakes in massive cash flow almost a decade after purchasing it. Whether you’ve got small, big, long, medium, or short-term rentals, you can use value-add to create more passive income and bigger equity gains. Stick around as we give away our secrets on the best value-add moves to make.

In This Episode We Cover:

How to use the “value-add” investing strategy to make MASSIVE cash flow on any property

The two most common ways to add value to your rental property portfolio

The value-add improvements to spot BEFORE you buy another rental property (most people miss this)

Additions, ADUs, and other ways to add more doors to your rental property

Boosting your cash flow by converting your long-term rentals into short and medium-term rentals

What you MUST do BEFORE you start adding on to your rental property

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Learn The Original Value-Add Strategy with The BRRRR Book

The Renovations That’ll Instantly Increase Your Home Value, Part 1

The Renovations That’ll Instantly Increase Your Home Value, Part 2

How to Do Value-Add Renovations Without Disrupting Tenants

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-911

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

910: Zillow’s “Trends Expert” on How to Sell Your Home Faster (and For More!) w/Amanda Pendleton

Fri, 08 Mar 2024 07:00:00 -0000

Did you know that a certain shade of paint can help you sell your home for more? Or that one type of countertop could cause buyers to get into a bidding war over your house? What about the one inexpensive outdoor improvement that families LOVE to see when touring homes? Today, we brought on Zillow’s Home Trends Expert, Amanda Pendleton, to share all the secrets to help you sell your home faster and for more!

Amanda’s team at Zillow takes design data to a whole new level. They know which paint colors prospective buyers want to see, the type of pictures you MUST have on your listing, and the cheap upgrades any homeowner can make to get even more bids on their home. In this episode, she’s sharing much of what her team has learned so you can not only sell for more but also learn the tricks sellers are using when you go to buy your next home.

First, Amanda updates us on housing inventory and outlines today’s “typical buyer.” Then we ask, “Is now the right time to sell?” Plus, we’ll get Amanda’s top tweaks to make to your home so you can sell for more. But it’s not just eye-catching upgrades we’re talking about. Amanda also shares the home renovations with the lowest ROI (return on investment) and the one pricey upgrade that is RARELY worth the money.

In This Episode We Cover:

Home renovations that cost less than $5,000 but can BOOST your property value

The free home-selling tweaks you can make that will bring in more buyers

The upgrades that will hurt your home when trying to sell and could be a negative investment

2024’s typical buyer, and exactly what they’re looking for when shopping for homes

A housing inventory update and why we’re slowly starting to see homes come on the market

The one super affordable upgrade anyone can make to their backyard

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear Dave and Henry On The “On the Market” Podcast

Best Interior Paint Colors for Selling Your House

Zillow Data From Today’s Show:

Zillow Research Page

Connect with Amanda:

Amanda's LinkedIn

Amanda's X/Twitter

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-910

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

909: 6 Expert Tips for Out-of-State Real Estate Investing

Thu, 07 Mar 2024 07:00:00 -0000

Can’t invest in your own backyard? Out-of-state investing is the way to go! With it, you can invest nationwide, finding more cash flow or appreciation potential than you would in your local area. But managing a rental property portfolio from hundreds, if not thousands of miles away, isn’t always easy. Thankfully, we’ve got two time-tested out-of-state investors with six killer tips to share on making your next long-distance investment as profitable and painless as possible.

Whether you’re buying short-term rentals, long-term rentals, or something in between, these tips can help ANYONE find financial freedom faster, deal with fewer tenant headaches, and save a ton on future maintenance bills. The best part? You don’t have to check in on your property every other week to ensure it’s safe and sound, but you will need local help if you’re trying to take your investment to the next level. What exactly do we mean? Stick around; we’re walking through all the top tips you need to know.

Want more tips for out-of-state investing? Pick up David’s book, Long-Distance Real Estate Investing!

In This Episode We Cover:

The top six expert tips for buying and managing out-of-state investment properties

Cash flow vs. appreciation and why you MUST know what you want BEFORE you buy an out-of-state rental

The real estate market “fundamentals” that point to a phenomenal investing area

Investing with your end goal in mind so you can quit your job or retire a multimillionaire

Local laws that can DESTROY your investment if you DON’T know about them

The “boots on the ground” team that’ll keep your property in tip-top shape (no matter where you are)

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Try the BiggerPockets Rent Estimator

Should You Invest Locally or Long Distance?

Books Mentioned in the Show

Long-Distance Real Estate Investing by David Greene

Start with Strategy by Dave Meyer

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-909

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

908: $400,000/Year From One Unique Rental Property w/Amanda and David Fornelli

Wed, 06 Mar 2024 17:20:00 -0000

Want BIG cash flow numbers? How about $400K/year cash flow? Would that be enough to set you financially free? For Amanda and David Fornelli, this is reality, and it’s all thanks to one very unique rental property investment. And even though these numbers are massive, Amanda and David aren’t that removed from being real estate rookies. Just five years ago, they didn’t own any rental properties and were W2 workers just looking for a way to make some extra income.

After finding themselves in a real estate investing program, this power couple began flipping any house they could get their hands on in Southern California. Within three months, David had made twice as much from flips as he did at his day job, so he quit, and the rest is history. Now, they’re full-time investors, still flipping houses, but ALSO running a multimillion-dollar boutique hotel that’s making them hundreds of thousands of dollars a year in profit.

In today’s episode, Amanda and David talk about leaving their jobs to flip houses full time, how they slowly realized that short-term rentals beat the short-term profits of house flipping, why they’re still investing in high-priced Sothern California, and the massive cash flow they’re making off their very first commercial real estate investment—a small, but very profitable boutique hotel.

In This Episode We Cover:

Making $400K/year from an unconventional type of rental property

When it’s time to quit your job and become a full-time real estate investor

Using the BRRRR strategy to make massive wealth gains WITHOUT investing your own money

How to mitigate risk when doing high-priced house flips (especially as a beginner!)

Raising private money and how to buy bigger, better real estate deals without using your own cash

Short-term rental vs. hotel investing and why you CANNOT treat these as the same assets

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

How to Buy a Hotel: Breaking Down Tony’s FIRST Commercial Real Estate Deal

Private Capital Explained: The 4-Second Pitch to Unlock Unlimited Funds w/Amy Mahjoory

Stay At Yara Palm Springs - Instagram: @yarapalmsprings

Stay At Yara Palm Springs - Website

Connect with Amanda & David:

Amanda Instagram: @_amandafornelli_

David Instagram: @davidjfornelli

Portfolio Instagram: @nopali_properties

Nopali Properties - Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-908

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

907: Seeing Greene: $100K In Equity But NO Cash Flow, Should I Sell?

Tue, 05 Mar 2024 07:00:00 -0000

Where’d all the cash flow go? More than ever, rental property owners are waking up to find less and less mailbox money coming in every month. This is doubly true for those who used low down payments to house hack and turned their properties into full-on rentals. So, what do you do if you have a rental property giving you low, no, or negative cash flow? Should you sell it and swap it for another investment or ride it out, betting on future appreciation gains? We’re giving our thoughts in this Seeing Greene!

As always, David and Rob are here to answer your pressing real estate investing questions. But resident yacht tycoon James Dainard also brings his twenty years of investing experience to the show to help this week’s rookie real estate investors. First, our very own Noah Bacon asks what he should do with a negative cash-flowing house hack that has six figures in tax-free equity. Then, we ask a question everyone wants an answer to, “WTF is wrong with investors these days?” If you want to turn your house into a rental property, stick around because two more investors ask whether it’s worth it AND when you can start writing off those lucrative real estate tax deductions.

In This Episode We Cover:

Whether to keep or sell a rental property that’s losing money every month

Appreciation vs. cash flow and why SO many new investors get this wrong

How to minimize your chance of negative cash flow by buying in THESE areas

Why some real estate markets appreciate while others rarely see price growth

Whether you should turn your primary into a rental property or buy an investment property instead

Real estate tax deductions and how long you have to wait to write them off

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Hear James On The “On the Market” Podcast

Landlord Tax Loopholes That’ll Help You Pay ZERO Taxes w/Matt Bontrager

WTF is wrong with investors these days?

Connect with Noah:

Noah's BiggerPockets Profile

Noah's Instagram: @makinbaconrei

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-907

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

906: How to Become a Millionaire Through Real Estate Investing (Beginners!)

Mon, 04 Mar 2024 07:00:00 -0000

Learn how to become a millionaire with real estate EVEN in 2024. You’re trying to make big wealth-building moves this year, but how do you reach seven figures without any real estate experience? Thankfully, you don’t need to be an investing expert or property-picking genius to make a millionaire dollars in real estate—you just need to follow the basic steps almost any real estate millionaire follows. So, how do you get started? We’re going to show you in today’s episode!

It should be no surprise that our two hosts, David Greene and Rob Abasolo, are real estate millionaires and have been for years. After grinding away and buying multiple properties, both David and Rob realized, almost accidentally, that they had million-dollar net worths. What they did to get there wasn’t high risk, didn’t take a whole lot of time, and is easily repeatable by any real estate investor EVEN in 2024.

So, today, our millionaire hosts will show you exactly what they did to make a million dollars, the easiest ways to get started in real estate today so you can begin building wealth, the strategies anyone can use to make tens if not hundreds of thousands of dollars in equity, and what you can do NOW even if you NO cash to invest.

In This Episode We Cover:

How to become a millionaire (even in 2024) through real estate investing

What a millionaire actually is, and why so many people get this calculation wrong

The beginner strategies ANYONE can use to become a millionaire in today’s economy

Whether or not a million dollars is even enough to be considered “wealthy” in 2024

The two most powerful investing levers you can pull to become a millionaire faster

How long it will take to make a million dollars, and the FIRST STEP you should focus on

And So Much More!

Links from the Show

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Start Connecting with Other Investors in The BiggerPockets Forums

The Millionaire Formula: 10 Steps to Hit 7-Figure Net Worth

Top 10 Tax Advantages of Investing in Real Estate

Books Mentioned in this Show:

BRRRR by David Greene

The House Hacking Strategy by Craig Curelop

Pillars of Wealth by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-906

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

905: Fannie Mae: Multifamily Is STILL Undersupplied, Rent Growth Likely w/Kim Betancourt

Fri, 01 Mar 2024 18:09:00 -0000

On a national level, Fannie Mae is predicting the multifamily market to remain subdued in 2024. Ever since interest rates began to rise, multifamily transactions have slowed considerably. Higher rates made profits fall, and as a result, buying and improving multifamily properties halted. And, with a massive lag in multifamily construction, new units were popping up left and right in already saturated markets, creating a race to the bottom for rent prices as multifamily operators struggled to keep their units occupied. But, the multifamily woes may be close to over.

Kim Betancourt, Vice President of Multifamily Economics and Strategic Research at Fannie Mae, joins us to share the findings of a recent multifamily report. Kim knows that there are oversupplied multifamily markets across the country. Cities like Austin have become the poster child for what oversupply can do to home and rent prices. However, Kim argues that this is only a fraction of the overall housing market, and many markets are in need of more multifamily housing.

So, if much of America is still struggling with having enough housing supply, shouldn’t rents be on an upward trend? Kim shares her team's findings and rent forecasts, explaining when rents could begin to climb, which multifamily properties will experience the most demand, and why we need MORE multifamily housing, not less.

In This Episode We Cover:

Fannie Mae’s 2024, 2025, and 2026 rent growth forecast for multifamily

A “tale of two markets” and why the “oversupply” narrative isn’t the whole story

Property classes and why B/C-class properties are seeing such strong demand

The one metric that points to a growing or shrinking multifamily real estate market

Why so many millennials are “stuck” as renters and can’t become homeowners

How rising rents could affect multifamily prices and boost valuations across the country

And So Much More!

Links from the Show