Got just enough savings to buy a rental property? Before you pull the trigger, you’ll want to hear today’s episode because you could be making a big mistake. Speaking of buying, are future rate cuts going to push mortgage rates down so low that buyers and bidding wars flood the market? Is this your last chance to get in before home prices shoot back up? Don’t worry; we’re getting to all these questions in this week’s Seeing Greene. David is back and better/balder than ever as he answers your real estate investing questions. First, a young house hacker wants to know what he should do when there are no good deals in his area. Then, another young investor debates whether they should buy a rental or invest in stocks instead. Unfortunately, there’s one big problem he’s overlooking. A new investor wonders if she should dump her ENTIRE savings into a second home, and a realtor asks for lead generation tips. Finally, David gives his take on what will happen when mortgage rates finally fall this year.  Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot! In This Episode We Cover: What to do when you can’t find a cash-flowing deal in your area  Whether to invest in real estate, invest in stocks, or keep saving and wait Mortgage rate cut predictions and the “tsunami” of buyers that could flood the housing market The BIG problem with dumping your savings into a rental property  The TRUTH about real estate investing that none of the gurus will ever tell you How to get more real estate leads by NOT following the basic agent/investor trends And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question Dave's BiggerPockets Profile Dave's Instagram David's BiggerPockets Profile David's Instagram Henry's BiggerPockets Profile Henry's Instagram Grab the “Picking a Market Worksheet” Catch Dave and Henry on the “On the Market” Podcast Census Reporter ChatGPT FRED Books Mentioned in the Show: Pillars of Wealth by David Greene The Small and Mighty Real Estate Investor by Chad Carson SOLD by David Greene Jab, Jab, Jab, Right Hook by Gary Vaynerchuk Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-887 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Before you buy your first rental property, you’ll need to choose a real estate market. If you’re like many Americans, your own backyard may not offer what you want out of an investing area. So, where do you go to find cash flow or appreciation? Today, we’re walking you through choosing a real estate investing market, the metrics to look for, signs of growth and decline, and which markets offer investors the biggest benefits. How hard is it to do market research? If you have access to the internet, you can research a market in a matter of minutes. But knowing WHAT to research is the most crucial part. Dave Meyer, VP of Market Intelligence at BiggerPockets and host of the On the Market podcast, shares his steps to market analysis and how he analyzes each market to ensure it’ll make him the most money in the long run. We’ll touch on population and migration, supply and demand, vacancy rates, rent-to-price ratios, landlord vs. tenant-friendly states, and the telltale signs that a market will have high or low cash flow. So before you buy your first or next rental property, make sure you do THIS research!  In This Episode We Cover How to choose a real estate market in 2024 (market analysis 101) The market “fundamentals” that show whether an area is worth investing in Vacancy rates and signs that you’ll have a HARD time finding tenants  The 1% rule and whether or not we’d still use it in 2024  Cash flow vs. appreciation markets and who should NOT be chasing cash flow  Tenant vs. landlord-friendly states and how to quickly tell which is which  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-886 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The US economy has survived the past few years surprisingly well. But there's one huge threat on the horizon no one is watching. With layoffs and bankruptcies already starting to tick up, a new wave of misfortune could hit consumers EVEN as inflation cools, interest rates begin to drop, and asset prices hit an all-time high. What's coming for us that only the most economically inclined know about? We're about to break it down on this BiggerNews.  J Scott, investing legend and author of too many real estate books to name, is back on the show to talk about housing crashes, economic predictions, mortgage rates, consumer sentiment, and the silent threat to the US economy that nobody is thinking about. J knows the game better than most and is the furthest thing from a bubble boy or permabull. He’s got his finger on the economic pulse and uses the most up-to-date economic data to form his opinions. On today's episode, J shares whether or not he believes another housing crash is coming, how America could become a "renter nation" over the next decade, whether or not home prices will stay high once rates drop, how low mortgage rates could go in 2024, and the biggest economic risk to businesses, employees, and anyone operating in the US economy.  In This Episode We Cover: The likelihood of another housing crash, especially if America falls into a recession  A silent risk to the US economy that could hit everyday Americans hard  Why Americans are pessimistic about the economy but spending more than ever  The economic "musical chairs" which must come to a stop sometime soon  Why home prices could continue to rise as mortgage rates begin to fall  Mortgage rate predictions and J's forecast for how low they'll go in 2024 The big bank bailout program that could be coming to a close   And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question Dave's BiggerPockets Profile Dave's Instagram Grab All of J’s Top Real Estate Investing Books Catch Dave on The “On the Market” Podcast 7 Tips for Successfully Investing in ANY Market Condition With J Scott Books Mentioned in the Show: Real Estate by the Numbers by J Scott Connect with J: J's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-885 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

You’ve heard top investors talk about “hard money loans” before, but what are they? You never walk into a bank and see a “hard money” sign, and if you aren’t outwardly searching for it, you’d probably never know hard money was a thing. That’s because hard money isn’t coming from a bank or big institution, and because of that, it has some HUGE benefits over getting a standard loan. Better loan-to-value ratios, higher lending amounts, faster funding, and the ability to get a loan on a ROUGH property are just a few. So, how do YOU find your first or next hard money loan? We’ve got Will Heaton from Heaton Dainard Real Estate on the show to share his experience as a hard money lender and investor for the past two decades. Will has been on both sides of hard money—he’s been the lender and the borrower, but now primarily focuses on lending to OTHER investors trying to build their fix and flip businesses or real estate portfolios. Will walks us through what hard money is, why it often beats bank loans, how much it costs, the hard money lending process from start to finish, and how to BECOME a hard money lender if you’ve got too much cash in the bank and want to make a solid return. Plus, who should and definitely should not be using hard money to invest in real estate. Having trouble getting your fix and flips or BRRRRs funded? Stick around because hard money may be your best bet.  In This Episode We Cover: Hard money loans explained and which investors should choose it over a bank loan Common hard money fees, interest rates, and payoff periods  The hard money process, from getting preapproved to paying back the loan How to become a hard money lender yourself and put your cash to work  The hard money “draw” process and when you can expect to get your money from a lender  What happens if you DON’T pay back your hard money loan  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram Catch Dave & Henry on the "On the Market" Podcast Hard Money Lending 101 How to Become a Hard Money Lender Connect with Will Heaton Dainard Intrust Funding Will's LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-884 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The affordable housing crisis is an ongoing challenge here in the United States, but this developer has cracked the code in her own backyard—providing more opportunities for low and median-income households without gentrifying their communities. The cherry on top? She’s making a huge profit while doing it. In 2005, during Hurricane Katrina, Terrica Lynn Smith couldn’t scrounge up a few hundred dollars to evacuate her and her two children from New Orleans. After this traumatic event, Terrica was determined to break the curse of generational poverty and create a better financial future for her family. Little did she know that she would be creating a better life for countless people in her community as well. After seven failed attempts, Terrica passed her real estate exam and started selling homes. She jumped at any opportunity to learn something new, which allowed her to advance from a real estate agent to an investor, and finally, to a developer. If you want to have a powerful impact with real estate but lack the resources to do it, this episode is for you. Terrica provides the blueprint for delivering affordable housing to your community at a profit. She also shares the best ways to bring value to a real estate investing partnership, how to get bank financing for large developments, and why cultivating the right mindset is so crucial to your success as an investor! In This Episode We Cover: Solving the affordable housing crisis in your community (and how to make a profit) Why you should get into real estate even if you’re starting from ZERO Building an impenetrable mindset for real estate investing How to bring value to a real estate partnership (beyond capital) How to get bank financing for new development projects FREE resources to fast-track your real estate journey And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube Henry's BiggerPockets Profile Henry's Instagram Catch Henry on the "On the Market" Podcast The Beginner’s Guide to Real Estate Development (with LOW Money Down!) Institutional Investors are Buying Up Affordable Housing in Droves—Are They on to Something? Connect with Terrica Terrica's BiggerPockets Profile Terrica's Facebook Terrica's Instagram Terrica's LinkedIn Terrica's Website Terrica's X/Twitter Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-883 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

A few years ago, everyone was wondering how to start investing in real estate, but now the question has switched to “Is it too late?” If you’re stuck on the sidelines but want to get into the real estate investing game, this Seeing Greene is for you. The man of the people is back for another Seeing Greene-style show! This time, David is answering questions from new investors, experienced investors, and everyone in between. First, we’ll hear from an investor who’s wondering about the value of a low mortgage rate, especially when buying a new build. Is a lower rate worth a higher price? Then, David tells you how to convert your home equity into a new investment property and what you MUST know before getting into commercial real estate. A college student wants to know how to use his $20K savings, and a “late starter” searches for cash flow in a market that’s dry as a desert! Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot! In This Episode We Cover: What to do with $20,000 if you want to start investing in real estate How to create cash flow when rental properties DON’T profit in your market Using your home equity to invest in BIG properties (commercial real estate investing 101) Why a low mortgage rate ISN’T everything and other factors you MUST check before you buy a deal The tricky mortgages you MUST look over BEFORE you sign (you could be surprised!) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Ep 869: Why NOW is The Time to Buy a House (BEFORE Rates Go Down) How to Start a Real Estate Portfolio with Just $10K Books Mentioned in This Show Pillars of Wealth by David Greene Long-Distance Real Estate Investing by David Greene Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-882 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Got home equity? Great, because today we’re showing you how to use home equity to invest in real estate, even if you’re low on cash. But maybe you’re still saving up to buy your first property. Well, we’ve got you covered; we’re also sharing the TOP ways to use your retirement accounts—your Roth IRA or 401(k)—to invest faster than ever before and even lock down your first property in 2024! Joining the show is Kyle Mast, fellow real estate investor and CFP, to talk about all the ways you can invest in real estate that you didn’t even know about. And if you’re like many Americans, you’ve got home equity just sitting there, waiting to be used, so today, we’re walking through how to unlock it so you can build wealth faster, retire earlier, or renovate that rental you just bought! Kyle goes over the multiple ways to finance these investments using a home equity line of credit (HELOC) or retirement accounts like Roth IRAs and 401(k)s, the special program new homebuyers can use to get their first house faster, and why you DON’T want to cash-out refinance your property just yet. Ready to start? Let’s get into it!  In This Episode We Cover How to use home equity or retirement accounts to invest in real estate  Cash-out refinances vs. HELOCs and the EASY choice in today’s high-rate environment  How to qualify for a HELOC and whether you can get one on your rental property  The 401(k) loan where YOU act as the bank and what to watch for BEFORE you get one The first-time homebuyer cheat code that lets you access retirement funds with NO penalty  How to make COMPLETELY passive income by “lending” your home equity  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-881 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

If you want to start investing in real estate, you’ll need to know how to get a mortgage. But with so many home loans available, which is the right one to pick? Do you go FHA or conventional? Do you work with your local bank or call a broker? How much can you even afford? These questions alone might put you into analysis paralysis, so today, we’re breaking down what it takes to get a home loan, how much YOU can qualify for, and the best real estate investment for beginners. To demystify the home loan process is David Mackin—the third David in today’s episode—mortgage broker, house hacker, and home loan expert. He knows what you need to qualify for a mortgage in 2024 because he qualifies buyers all day long. David shares how YOU can determine how much home you can afford, why you’re getting different mortgage rates from different lenders, and how to find cash flow in your market by reverse engineering your real estate calculations.  And, if you’re looking for the easiest, lowest cost, and arguably best way to get into real estate in 2024, this episode is for you. We’ll break down why house hacking has become the new norm and why skipping out on it can cost you BIG in your real estate investing journey.  In This Episode We Cover The simple calculation to estimate how much home you can afford in 2024 Getting pre-approved for a mortgage and why credit score ISN’T as crucial as you think  The danger behind getting a low mortgage rate and signs that your lender isn’t experienced  Debt-to-income (DTI) and two factors that can throw your home loan completely off track Why house hacking is the BEST way to start investing in real estate (especially with high home prices)  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-880 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

You asked, and we answered. Here’s our step-by-step guide on how to buy a house in 2024. Whether you’re looking for a first primary residence, rental property, house hack, or short-term rental, these are the EXACT steps you’ll have to follow to buy a house. But before you can even think about buying, you’ll need to ensure you CAN buy in today’s housing market. Ready to start? Let’s hop in! Here to show you how to buy a house are David Greene and Rob Abasolo, two expert real estate investors who have bought dozens of homes each. Now a real estate agent and mortgage broker, David knows the ins and outs of the industry and can give you insider knowledge on what most buyers, sellers, and agents don’t know (but wish they did). Rob has bought throughout the nation and has turned multiple primary residences into rentals, so he knows both processes like the back of his hand. Let’s make 2024 the year YOU buy your first property. Stick around because we’re going to walk through the six beginner steps to buying a house, the HUGE home inspection red flags you MUST watch out for, and how to get your money back if a deal turns into a dud!  In This Episode We Cover The step-by-step homebuying process explained  Pre-approvals vs. pre-qualifications and why mixing these up will cost you The surefire ways to get your offer accepted EVEN in a hot market  One initial sign of a BAD agent (and when to move on to a better one) The home inspection red flags that could KILL your real estate deal  How to get your earnest money back if the property isn’t worth the money And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-879 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Antoine Martel has a secret to finding the best real estate markets around, and here’s the thing—ANYONE can repeat his process. After flipping over SIX HUNDRED houses and building a BIG real estate portfolio, he knows a thing or two about where to buy, which markets make the most sense, and what type of house is worth the risk. That’s why, instead of doing multimillion-dollar luxury flips, Antoine decided to do “micro-flips” in affordable markets, with a staggering rate of success.   What is "micro-flipping?" If you’re a beginner investor like Antoine, starting out with only $40,000, buying in the big cities won’t work. So, instead, Antoine found the real estate markets with low prices, high demand, and LOTS of deals so he could get his money back faster and keep repeating the system. These low-risk “micro-flips” all-in often cost less than a down payment, but they can give beginner investors the snowball effect they need to start building wealth.  Shortly after seeing massive success with his “micro-flips,” Antoine ran out of deals and decided to move into more markets. From there, he developed a detailed system that ANYONE can copy to pinpoint America's BEST real estate investing markets. And if you stick around, you’ll learn how to do it, too!  In This Episode We Cover How to find the best real estate markets in the country, just like Antoine  The “micro-flipping” strategy that beginner investors can use to start building wealth WITHOUT a big investment  How to use the BRRRR method to turn one property into an entire passive income portfolio  How to “test” your long-distance real estate investing market and ensure it’ll be worth investing in  The home renovation budget “sweet spot” that has ninety-six percent accuracy on ANY flip or BRRRR  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-878 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Got a HELOC? Don’t pay it off…yet! Thinking of house hacking but are discouraged by the low cash flow numbers you’re getting back? Looking to invest in a high property tax state like Texas but are scared to swallow that big expense? All of these topics, and many more, are coming up on this episode of Seeing Greene! David is back to answer YOUR real estate investing questions with his partner in crime, Rob Abasolo. Today, these two investing experts are going to tackle topics like whether or not to buy a house hack that DOESN’T pay for itself, how to account for the HIGH property taxes in hot real estate markets, whether to keep a property you love or sell it for its huge home equity, how to NEVER work again and the fifteen vs. thirty-year mortgage debate, plus when you should NOT pay off your HELOC (home equity line of credit) early.  Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!  In This Episode We Cover: The problem with house hacking in 2024 and whether or not it’s still worth it When you SHOULDN’T pay off your HELOC (home equity line of credit) early Whether to keep, sell, or 1031-exchange a stable rental property you love  The bright side of paying high property taxes for your rentals  How to NEVER WORK AGAIN in fifteen years by following this one strategy And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Henry's BiggerPockets Profile Henry's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube Episode 840: Seeing Greene: Rehab Costs, Renting vs. Owning, and The END of Real Estate? Books Mentioned in the Show Pillars of Wealth by David Greene Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-877 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Multifamily real estate has crashed, but we’re not at the bottom yet. With more debt coming due, expenses rising, incomes falling, and owners feeling desperate, there’s only so much longer that these high multifamily prices can last. Over the past year, expert multifamily investors like Brian Burke and Matt Faircloth have been sitting and waiting for a worthwhile deal to pop up, but after analyzing hundreds of properties, NOTHING would work. How bad IS the multifamily market right now? Brian and Matt are back on the podcast to give their take on the multifamily real estate market. Brian sees a “day of reckoning” coming for multifamily owners as low-interest debt comes due, banks get desperate to be paid, and investors run out of patience. On the other hand, Matt is a bit more optimistic but still thinks price cuts are coming as inexperienced and overconfident investors get pushed out of the market. So, how does this information help you build wealth? In this episode, Brian and Matt share the state of the 2024 multifamily market, explain exactly what they’ve been doing to find deals, and give their strategy for THIS year that you can copy to scoop up real estate deals at a steep discount. Wealth is built in the bad markets, so don’t skip out on this one! In This Episode We Cover: The state of multifamily real estate in 2024 and how low prices could go A “day of reckoning” coming for inexperienced/overleveraged multifamily owners Whether or not we’ve reached the bottom for multifamily price drops  What rookie real estate investors should do NOW to take advantage of this down market Rising mortgage rates and how increased costs have KILLED many multifamily deals Exactly what Brian and Matt are investing in during 2024 to make money no matter how the market moves And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Dave's BiggerPockets Profile Dave's Instagram Join the BiggerPockets Virtual Summit Check Out Dave On the “On the Market” Podcast Top Multifamily Investors’ Advice for Buyers in 2023? DON’T Do It Books Mentioned in the Show Raising Private Capital by Matt Faircloth The Hands-Off Investor by Brian Burke Connect with Matt: Matt's BiggerPockets Profile Matt's Website Matt's Instagram Connect with Brian: Brian's BiggerPockets Profile Brian's Website Brian's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-876 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Snowbird season is coming to THESE real estate markets. Every winter, millions of freezing northerners go south, seeking a temporary escape from the cold and to dethaw themselves before returning in spring. And while you may think that most of these destinations are expensive cities, like Miami, there are some cheaper areas that make not only perfect snowbird rental markets, but profitable year-round short-term rental markets as well. On this BiggerNews, Vacasa’s Kristen Taylor joins us to give her take on the markets with the most demand and the once-popular markets starting to see declines, including a top-rated tourist destination you wouldn’t expect. Kristen shares updated numbers on how long snowbird season lasts, how the typical snowbird is changing, and why snowbird markets can be MUCH more affordable than year-round vacation destinations. And if you’ve got equity in one of YOUR properties that you’d like to turn into snowbird rental property, stick around until the end. This episode’s Seeing Greene segment will answer the age-old question: what do I do with all my home equity? In This Episode We Cover: Snowbird season explained, how long it lasts, and who’s flying south The top snowbird markets in America (and why some are MUCH cheaper than you’d expect) Snowbird markets to stay away from that are seeing declining vacation populations  Combining medium-term and short-term stays to make money the entire YEAR (unlike many short-term rentals)  What to do with a property with a LOT of home equity: sell, get a HELOC, refinance, or keep it? And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Dave's BiggerPockets Profile Dave's Instagram Join the BiggerPockets Virtual Summit Check Out Dave On the “On the Market” Podcast 8 best Florida snowbird destinations Book Mentioned in the Show Start with Strategy by Dave Meyer Long-Distance Real Estate Investing by David Greene Connect with Kristen Kristen's LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-875 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

If you want to know how to invest in real estate, you’re in the right place. Today, we’re going to break down the nine beginner steps to getting your first or next rental property so you can start building wealth, make passive income, and get closer to financial freedom. And while it may SEEM like real estate investing is tough in 2024 with high mortgage rates and scarce housing inventory, lower competition could make getting your next deal easier than you think. Ready to start? Dave Meyer, BiggerPockets' VP of Data and Analytics and host of On the Market, has used these beginner steps to reach financial independence, grow a sizable real estate portfolio, and have enough passive income to do what he wants when he wants. If you want to be in Dave’s position in the next five or ten years, you can follow his strategy STEP-BY-STEP to reach your real estate goals, start building wealth, and finally achieve financial freedom.  Get access to exclusive real estate investing calculators, lease agreements, bootcamps, and more with BiggerPockets Pro, and use code “NEWYEAR2024” for a special discount!  In This Episode We Cover: How to start investing in real estate in 2024 and buy your FIRST rental property Why New Year's resolutions DON’T work (swap them for THIS instead) The BIG advantage to investing in 2024, even with high rates and low inventory  How to set your five-year, one-year, and quarterly goals for passive income and investing  The “LAPS” funnel that brings you unlimited real estate deals  How to analyze a rental property in MINUTES with the BiggerPockets Rental Property Calculator  The one tool EVERY investor needs to start building wealth with real estate  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Rent Estimator Rental Property Calculator Investment Properties for Sale Hear More from Dave On the “On the Market” Podcast Book Mentioned in the Show Start with Strategy by Dave Meyer Connect with Dave Dave's BiggerPockets Profile Dave's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-874 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

How much passive income would you need to quit your job? How many rental properties would you have to buy? Most real estate investors think they’d need twenty, thirty, fifty, or a hundred units to finally retire with a six-figure passive income stream, but that could take decades to achieve. So, how do you do it faster? How do you build massive passive income, monstrous cash flow, and find financial independence fast? Follow Kate Lynch’s advice. Three years ago, Kate was working…a LOT. Seventy-hour work weeks were the norm as she left the house before sunrise and returned well past sunset. Her family time was non-existent, moments with her kids were only reserved for the weekends, and her job controlled every aspect of her life. And while she was getting compensated fairly for the work she was putting in, watching her family time fly by was too much of a burden to bear. So, a rental property portfolio became the goal. Kate bought in a completely unconventional area for her strategy, focusing entirely on cash flow, not caring much about equity, and doing whatever she could to replace her outrageous W2 income. Now, just three years later, she’s financially free, and if you follow her steps and only make a THIRD of what she’s making, you will be too! In This Episode We Cover: How to get off the “hamster wheel” of working a W2 job and find financial freedom Using your retirement funds to invest in real estate (and whether or not it’s worth it) The unconventional short-term rental markets that make HUGE cash flow Buying homes with “negative equity” and how they can make you massive passive income  Long-term vs. short-term rentals and whether the extra cash flow is worth more work And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Henry's BiggerPockets Profile Henry's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube See How Much You Can Earn on Airbnb Ask Your Seeing Greene Question 10 Deals on a $20K Waitress Salary w/Ashley Hamilton Connect with Kate Kate's BiggerPockets Profile Kate's LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-873 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

So, you want to know how to rent your house out. Maybe you’re upsizing or downsizing, moving away for work, or just want to buy another primary residence and take advantage of low-money down loans. Whatever your reason, renting out your primary home can be a phenomenal way to get into the real estate investing game. You’ll make passive income, all while holding on to the equity in your home and appreciation potential. So, how do you start? David, Henry, and Rob are all on the show today to give you a step-by-step guide to turning your primary residence into a rental property. Hundreds of properties have been owned between these three investing experts, and all of them have turned their primary residences into rental properties multiple times. But before you rent out your home, you’ll need to know if your home is even rentable.  We’ll tell you exactly what you need to know to decide whether or not your home would make a good rental, how to make the most money possible off your home with affordable finishes, added amenities, and upgrades, how to decrease your liability and keep your property safe, insuring your rental, screening tenants, collecting rent, and more. If you’re a beginner landlord or are renting out your home for the first time, you CANNOT miss this.  In This Episode We Cover How to convert your primary residence into a rental property  How to know whether or not your home would even make a profitable rental  Areas to invest in and what potential renters will look for  Long-term vs. short-term rental investing and how to know which works best for your home Affordable finishes and amenities you can add to rent out your home for more What you MUST fix in your home to keep your liability as low as possible  Landlord insurance and the one added policy you (probably) should get How to screen tenants, collect rent, and get substantial tax benefits  Whether to invest in out-of-state rentals or buy property in your backyard  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-871 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone keeps talking about an incoming surge of home foreclosures. Over the past few years, online crash predictors shouted from the rooftops about how another foreclosure crisis is always on the way, and we’re only months from a full-on meltdown. How much of this is true, and how much of it is pure clickbait? We’ve got Rick Sharga, Founder and CEO of CJ Patrick Company, one of the world’s leading housing market intelligence and advisory firms, on the show to tell us what the data points to. Ever since the pause on foreclosures during the pandemic, homeowners have been getting win after win. They were able to save up plenty of cash, their home values skyrocketed, and they could refinance at the lowest mortgage rates on record. Now, with high rates, still high home prices, and steady demand, homeowners have most of the power, EVEN if they’re behind on payments. But, as the economy starts to soften, could the tapped-out consumer finally force some homeowners to default on their loans?  In this BiggerNews episode, Rick will give us all the details on today’s current foreclosure landscape, walk us through the three levels of foreclosures, give his 2024 foreclosure prediction, and share the economic indicators to watch that could signal a coming foreclosure crisis.  In This Episode We Cover A 2024 update on foreclosure rates, defaults, and Rick’s foreclosure forecast for next year The three levels of foreclosure and why most homes WON’T ever be defaulted on  Rising consumer debt and what happens as more Americans default on their credit card and auto loans Housing supply and whether or not a foreclosure crisis could finally give us some inventory  Economic indicators to watch that could signal a rise in foreclosures  How to use your home equity to invest in real estate (WITHOUT putting yourself at too much risk!)  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-871 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

If you want to build wealth through real estate, you’ll need a real estate “strategy.” Most people THINK that just buying rental properties or flipping houses is enough, but the experts know that’s far from the truth. If you REALLY want to get rich, find financial freedom, live life on your terms, and own your time, you’ll have to copy what the wealthy do and build a real estate investing strategy that fits YOUR life and YOUR goals. Here’s how you do it! In today’s show, Dave Meyer, BiggerPockets VP of Data and Analytics and author of Start with Strategy, shares how YOU can build wealth in 2024 without a big portfolio or any investing experience. Even if you’re a complete beginner, Dave will walk you through how to create an investing strategy specific to you, a “portfolio plan” that’ll explode your wealth, and a “deal design” that helps you lock in on the perfect properties for your portfolio. If you want to build wealth in 2024, pick up Start with Strategy and use code “START870” at checkout to get 10% off PLUS pre-order bonus content! In This Episode We Cover: How to create your wealth-building real estate investing strategy for 2024 The “portfolio plan” and why you MUST build a portfolio, not just buy properties Creating your “vision” for a life you’d love to live, funded by real estate investments The “deal design” that’ll help you find the BEST properties for your portfolio How to make more money with fewer rentals using “portfolio management” Dave’s personal 2024 investing strategy he’ll be using to build wealth THIS year And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Grab Your Copy of “Start with Strategy” and Use Code “START870” for a 10% Discount Books Mentioned in the Show Long-Distance Real Estate Investing by David Greene Pillars of Wealth by David Greene Connect with Dave: Dave's BiggerPockets Profile Dave's Instagram Catch Dave on the “On the Market” Podcast Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-870 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

If you’ve been thinking about buying a house in 2024, you already may be too late. With mortgage rates dropping, listings increasing, and spring buying season only a short couple of months away, NOW is the time to act before bidding wars start up again. With so much pent-up buyer demand, agents and lenders are already seeing a spike in activity, and we haven’t even gotten to spring. So, if you want to know how to buy a house in 2024, even with fierce competition, we’re here to help. Avery Carl, short-term rental expert and agent, and Caeli Ridge, President at Ridge Lending Group, join us to talk about what they’re seeing in the market NOW, what their housing market predictions are as buying season heats back up, and whether or not now is even the time to buy. Both Avery and Caeli work heavily with investors, so they know what does and doesn’t work when buying a rental property, NOT just a primary residence. We’ll touch on the hottest markets that could see the most competition, why rookie investors need to snap out of analysis paralysis to win in 2024, and why this buying season could become red-hot in just a few months. Plus, David and Rob will answer a listener’s question about how to win in a competitive market without having the highest bid. In This Episode We Cover: “Buying season” and why spring 2024 could bring back the hot housing market  Most active real estate markets that are seeing inventory fly off the MLS Why mortgage rates are NOT as important as you think they are The “great stalemate” and what could cause homeowners to finally list their houses Whether to buy or wait and the risk of holding out for lower mortgage rates How to beat other buyers when bidding for investment properties And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Ask David Your Seeing Greene Question 5 Steps to Get ANY Home Offer Accepted (WITHOUT Being the Highest Bidder) Why Investors Are Giving Up Their “Golden 4% Interest Rates” w/Caeli Ridge Federal Housing Finance Agency Connect with Avery and Caeli: Avery's BiggerPockets Profile Avery's Facebook Avery's Instagram Avery's LinkedIn Avery's Website Caeli's BiggerPockets Profile Caeli's Instagram Caeli's LinkedIn Caeli's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-869 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

One couple is building MASSIVE passive income and generational wealth by buying rental properties for zero dollars out of pocket, sometimes with zero percent interest rates. It sounds too good to be true, doesn’t it? Well, if you’re willing to get a bit creative, you too can build a real estate portfolio that will lead you to hundreds of thousands of dollars a year in passive income, even if you start with little money or experience. Dedric and Krystal Polite are wholesalers, buy and hold rental investors, house flippers, business builders, and, most importantly, husband and wife. After reading the personal finance classic Rich Dad Poor Dad, Dedric had a vision to become rich. It wasn’t until Krystal came into his life that he finally took the steps to realize that dream. Now, they own a massive income property portfolio and host A&E’s 50/50 Flip. In today’s episode, you’ll hear how Dedric and Krystal started with no money, no passive income, and no business knowledge, how they built up their first wholesaling business, how they transitioned into rentals, and the new business they’re investing in that could make them millions. Plus, they give some solid tips on how to invest with a spouse and the question you MUST ask your partner now to make sure they’re willing to build wealth with you.  In This Episode We Cover: The no-money-down, zero-interest creative financing you can use to buy rentals TODAY Building multiple streams of income and why you CAN’T just wholesale and flip houses Investing in small businesses and building a $500K/year passive income stream  The real key to creating multigenerational wealth that’ll actually last  How to know whether or not you should invest with a partner or spouse  When you should (and definitely shouldn’t) use private money on your deals  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear Henry On the “On the Market” Podcast Henry's BiggerPockets Profile Henry's Instagram Watch “50/50 Flip" Connect with Dedric and Krystal: Dedric's BiggerPockets Profile Dedric and Krystal's Facebook Dedric and Krystal's Instagram Dedric's LinkedIn Dedric and Krystal's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-868 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

With doomsday headlines and lagging consumer confidence, how should you proceed in 2024? Time to get the advice of TWO senior economists! BiggerPockets’ Dave Meyer talks with ZILLOW’s Orphe Divounguy and REDFIN’s Chen Zhao to demystify the latest US economic indicators and provide you with strategies to thrive in this year’s housing market.  We’ll get into home prices, the incoming “affordability correction,” mortgage rate forecasts, and why next year could be significantly better for buyers. But that’s not all. Both Chen and Orphe share their outlook for the 2024 economy, the state of the American consumer, and what could happen as student loans kick back in, credit card delinquencies increase, and cash reserves run dry. Finally, we’ll end things with Chen and Orphe’s list of real estate markets to watch and the pricey areas that may see a revitalized post-pandemic boom. If you want to know what to expect, where to invest, and if the hot housing market will return in 2024, stick around! In This Episode We Cover: Redfin and Zillow’s 2024 housing market predictions  The “weakening” American consumer and what this means for homebuying 2024 mortgage rates, “disinflation,” and where we could end up next December The “affordability correction” that could help home buyers get their first house  Riskiest real estate markets in America that could see HUGE price cuts  Affordable markets to watch that have had rock-solid home prices And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Hear Dave on The “On The Market” Podcast Wherever You Listen to Podcasts Hear Past “On the Market” Episodes with Chen and Orphe: On The Market 151 with Chen On The Market 150 Orphe (Ep. 1) On The Market Orphe (Ep. 2) 2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities Connect with Orphe: Orphe's LinkedIn Orphe's Research Tune into “Everyday Economics” with Orphe Connect with Chen: Economists Corner Chen’s LinkedIn Chen's Research Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-867 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

What makes a good real estate market? A stable or growing population, large employers nearby, tourism, and, as a bonus, college-educated residents. Put those all together, and you’ve just stumbled upon your next great real estate investing area: college football towns! After digging into the data, the On the Market panel discovered that many top college football markets aren’t just great for partying and tailgating; they’re also undeniably promising property markets! On today’s episode, Dave, Henry, James, and Kathy will uncover four of the BEST college football markets in the nation and share which ones they personally would invest in. Looking for cash flow? We’ve got a couple of markets. What about long-term appreciation? We have those, too! We even have one STRONG college football market that has seen prices drop off over the past two years, with HUGE potential for rising prices in the near future. If you’ve been waiting to buy your first or next rental property but don’t know where to invest and which metrics to watch, this is THE episode to listen to. The On the Market panel will explain exactly how they analyze each market, which ones make sense for which investor, and why you’ll want to score a deal in these cities before it’s too late! In This Episode We Cover: The four best real estate markets for cash flow, appreciation, and football  One expensive market with amazing house flipping profits and NO income tax  The boomtown market that's seeing BIG price drops but has massive appreciation potential Two cash flow real estate markets with low home prices and strong populations The metrics expert investors look at before they invest in ANY real estate market And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Investing in College Rental Property — Step-by-Step The 8 Best Housing Markets in The US For Low Prices and High Cash Flow Austin Price Decline Forecast Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-866 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Most Americans believe that buying a house is a BAD idea right now. With so much hate on the housing market from everyday people, why are expert investors buying more than ever? Do they know something that we don’t? Or is it just because they have more money and experience than the rookie real estate investor or first-time home buyer? Nope, it’s even more simple than that! We rounded up four housing market experts who actively invest to get their takes on the 2024 housing market. David Greene, expert investor; Rob Abasolo, the king of short-term rentals; Dave Meyer, host of On the Market, and Henry Washington, house flipper and buy and hold investor, are here to give us their takes on whether buying a home could a be good, bad, or ugly decision this year.  The experts also review top surveys that highlight consumer, home buyer, and investor sentiment, plus what they think the best move to make in 2024 is. Take it from four investors who have built considerable wealth through real estate; following the masses isn’t always your best bet.  In This Episode We Cover: Why most Americans think now is a BAD time to buy real estate  Rock-bottom consumer sentiment, rising credit card debt, and more 2024 economic headwinds  The split investor survey that shows why SO many investors are on the fence  The effects of falling mortgage rates and whether or not now is a good time to sell  Who should NOT be investing in real estate right now (or ever) The 2024 investing moves that could make you rich in the long-run  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear More from Dave and Henry on the “On the Market” Podcast Is Buying a Bad Decision? Real Estate Investing For Beginners: How To Get Started Fannie Mae National Housing Survey University of Michigan Consumer Sentiment Fall 2023 RCN Investor Sentiment Survey Connect with Dave: Dave's BiggerPockets Profile Dave's Instagram Connect with Henry: Henry's BiggerPockets Profile Henry's Instagram   Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-865 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to make multiple streams of income? Well, guess what? You DON’T need to buy more properties to do it. Instead, you can turn an existing rental property into a cash cow…but it has to meet the right qualifications. This is precisely what today’s first guest, Stacie, is looking for. She’s got multiple properties, and some have enough land to add a second rental property. But is doing development worth the high cash flow? Welcome back to Seeing Greene, where David and Rob answer real estate questions from BiggerPockets listeners just like you! First, we’ll talk to Stacie about her buy vs. build dilemma, and which makes MUCH more sense in today’s market. Then, an investor struggling to save up down payments asks what he should do: save, invest elsewhere, or pay down his mortgages. Finally, David gives some swift advice on using a home equity “agreement” and how to make the MOST money on your house hack.  Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot! In This Episode We Cover How to turn one rental property into multiple streams of income  Building an ADU (accessory dwelling unit) and how much one can make  Whether to save, invest, or pay down your mortgage with your cash flow Home equity “agreements” and whether they’re worth the risk in 2024 The ONE thing David looks for in ANY house hack that’ll turn it into a cash cow  And So Much More!  Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-864 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

For the past year, commercial real estate has been the disappointing big brother of rental properties. As housing prices went up, commercial real estate prices went down. When primary mortgage rates were high, commercial mortgage rates were even higher. With record-setting vacancy rates in areas like office and less reliance on retail, many investors thought that commercial real estate was a dying asset class. But they weren’t entirely correct. Investors like Kim Hopkins had thriving commercial real estate success, EVEN during lockdowns and the pandemic. Kim’s secret sauce to her high cash-flow commercial real estate portfolio wasn’t in getting lucky—it was all in her “buy box.” Kim ONLY buys properties that can’t get shut down, in markets where they’ll thrive, with tons of customers nearby. And today, she’s sharing her exact formula with us! But that’s not all. Kim is currently debating doing one more deal before the year is up. This property looked like a home run on paper, but as she’s dug deep into it, the property may not be worth the price. From plumbing issues to overinflated income numbers, Kim uses David and Rob as coaches to help her decide whether this deal is worth doing. In This Episode We Cover: Kim’s commercial real estate investing “buy box” she uses to purchase profitable properties Cap rates explained and why you MUST get this right when buying big properties The inflated “pro forma” numbers brokers will try to convince you of (don’t follow these!) The types of commercial properties that are lockdown-resistant and always stay open The significant risks for commercial real estate in 2024 and two businesses you should NEVER rent to A live deal deep dive with a current deal Kim is debating on buying And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube How to Get Into Commercial Real Estate Investing (For Beginners) Pro Forma In Real Estate: What Is It? How To Calculate Cap Rate For Investment Properties Connect with Kim: Kim's BiggerPockets Profile Kim's Email Kim's Instagram Kim's LinkedIn Kim's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-863 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Happy holidays, BiggerPockets listeners. You've all been good this year, so instead of a lump of coal, you're getting a special episode delivered on the most merry day of the year. We'll be sharing Yamundow Camara's unbelievable journey from dirt-poor poverty to INCREDIBLE passive income, even against all odds. If you're unsatisfied with your holiday gifts this season, listen to this episode—it may change your ENTIRE outlook on life and give you something to be extra grateful for today!  ______ How do you go from absolute poverty to passive income in a short amount of time? What if you were raised on the other side of the world, where even a basic education had to be fought for, and every opportunity was a constant struggle? This is the real story of Yamundow Camara, who went from sleeping on a dirt floor in a small village of Gambia to making a million dollars per year thanks to real estate. Yamundow grew up in an environment foreign to many of us. When her parents passed away in her youth, she was forced to live with relatives that treated her as a nuisance, not someone worth nurturing. She slept on the floor of her family’s home and was sometimes lucky enough to have a cardboard box as a mattress. She was set to be wed in her early teenage years, but thanks to her drive, determination, and pleading of her aunts, Yamundow was given a chance to go to high school and college and later immigrate to the US. From there, Yamundow put success as her sole focus. She not only academically overachieved, but was able to do an INCREDIBLE amount of investing with almost no money, no credit score, and no experience in the industry. She now sits on over thirty rental units, with a monthly income that rivals most Americans’ yearly salaries. Yamundow has one of the most incredible stories we’ve ever shared on the podcast, and you’ll have to tune in to hear her unimaginable path to success. In This Episode We Cover: How Yamundow went from complete poverty to making $80,000 in cash flow a month  Putting education first and the true value of hard work and perseverance  Investing with NO credit score and VERY little money and how to find banks that will lend to you Working two jobs and why increasing your income is ESSENTIAL to building wealth  Out-of-state real estate investing and what to do when your local market is too expensive  How to find (and keep) quality contractors, property managers, and other team members  Using the BiggerPockets Rental Property Calculators to make sure a deal is worth doing  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Use the BiggerPockets Rental Property Calculator on Your Next Deal 3 Ways to Invest in Real Estate With Little to No Credit From Extreme Poverty to DIY Wealth and 2 Full-Time Incomes Book Mentioned in the Show: BRRRR by David Greene Long-Distance Real Estate Investing by David Greene SCALE by David Greene Connect with Yamundow: Yamundow's BiggerPockets Profile Yamundow's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-862 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Remy was looking for rental properties in one of America’s hottest housing markets. He knew picking up one rental property, let alone a multifamily, wouldn’t be cheap. But, somehow, even as a newcomer to the area, Remy was able to buy a rental property at a deep discount. He got three rental units for the price of two in a market with loads of investors and immense competition. How did he do it? We’re about to share the secret. In this episode of the BiggerPockets Real Estate podcast, we’re talking to out-of-state investor Remy, as well as Kim Meredith-Hampton, long-time real estate investor and Remy’s agent! Kim operates both in Tampa and Orlando, Florida, serving investor clients looking to buy in a state that has seen immense population growth. Seeking to take advantage of strong demographic trends, Remy picked Kim as his go-to Florida agent, and the rest is history.  Remy and Kim will talk through the three-for-the-price-of-two deal they picked up in the very competitive Florida market and how they were able to get the deal done EVEN when financing fell through, LLC problems came up, and a hurricane froze the Florida state government. You’ll also hear about the final numbers of the deal and why Remy ISN’T counting on big cash flow BUT will make his riches another way from the rentals. In This Episode We Cover Why so many Americans are flocking to the Florida housing market (and how to take advantage) Building your “buy box” and how to know what a great deal looks like Low cash flow and why banking on passive income ISN’T always a wise move  Why you should ALWAYS look for rental properties that come BACK on the market  Financing troubles and how Remy dealt with numerous housing hiccups  Why waiting to invest will cost you and how to get started today! And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-861 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Do you want to make $50,000 in six weeks? Even in this housing market, it’s more than possible. You might think we’re bluffing; with high mortgage rates, little-to-no inventory, and buyer demand down from its peak, most real estate investors believe the market is a graveyard, but they’re wrong. In today’s show, we talk to Mike Cappello, who has been doing a few quick house flips and making an unbelievable return.  But that’s not all. We’ll also talk to the agent who found the deal, Rob Chevez, about what’s making the most money in the “extremely competitive” market of Washington, D.C. The duo will discuss why D.C. is such a solid market to buy, hold, or flip in, the “buy box” they designed to find the most profitable house flips, and how they’re financing deals EVEN with today’s sky-high interest rates. We’ll also get into the nitty gritty of Mike’s latest deal, the one that could make him $50,000 in just six weeks, and the exact steps to follow if YOU want to do a deal like this in your market. The real estate deals are here; stick around to learn how to find ‘em!  In This Episode We Cover How to make $50,000 in just six weeks by doing quick, cosmetic house flips  The effect of high mortgage rates on investors and why there is still PLENTY of demand for properties  Building your “buy box” so you can land a killer deal as soon as it comes across your desk The pros and cons of investing in a super competitive housing market like Washington, D.C.  The biggest mistakes house flippers make in a real estate market like today’s  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-860 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Federal Reserve finally announced the end of rate hikes. It’s a day real estate investors have been eagerly awaiting. With lower mortgage rates on the horizon in 2024, buyers could gain more control of the housing market, and the seller standoff may finally break. What does this mean for the economy, and are we finally out of recession territory? On this BiggerNews episode, we’re breaking it all down! Joining David and Rob are James Dainard and Kathy Fettke from the On the Market podcast. Today, all four housing market experts bring a breaking headline to dive into. From the Fed’s proposed plan for 2024 mortgage rates to the new jobs report that shows optimistic signs for the economy, there is a LOT happening before the new year rolls around. But that’s not all we’ll touch on. A new bill targeting corporate landlords has been proposed, limiting the amount of hold hedge funds have on the housing market. But could this bill target ALL real estate investors, not just the Wall Street buyers? Finally, how the baby boomers bought the housing market and how their remarkable wealth has allowed them to make all-cash home purchases while the other generations sit on the sidelines. In This Episode We Cover: The Fed’s proposed 2024 rate cuts and effects on mortgage rates Recession fears and whether or not we’ll be able to achieve a “soft landing”  The new jobs report and the impact of a “cooling” labor market on employees and employers  Corporate landlords and the dangerous side effects of a new bill that is targeting hedge fund buyers The baby boomer housing market shopping spree and why they’re taking advantage as rates stay high  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Weather Underground How to Make a 120% Return by Buying “Negative” Cash Flow Real Estate Hear James and Kathy on the “On the Market” Podcast Articles from Today’s Show: Fed Rate Cuts Jobs Report Wall Street Landlord Bill Baby Boomers Book Mentioned in the Show: Pillars of Wealth by David Greene Connect with James: James' BiggerPockets Profile James' Instagram Connect with Kathy: Kathy's BiggerPockets Profile Kathy's Instagram   Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-859 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

One real estate investing mistake cost house flipper James Dainard $380,000. This mistake was so bad that, in the long run, it may have cost him up to three-quarters of a million dollars. So what was the grave mistake a multi-decade veteran house flipper made that would bankrupt the average real estate investor? Stick around to find out unless you want your house to literally start falling off a cliff (like James’ did).  James has been doing real estate deals in Seattle for two decades. He’s flipped hundreds of houses, but even the experts get it wrong sometimes. Piggybacking from our last episode, James will walk through one of the worst house flips he’s EVER done, the mistakes he could have easily avoided, and why you never, EVER close on a flip until you have permits in place.  Want to hear last week’s episode about the live in flip that cost a new mom over $300,000? Click here to listen to the episode! In This Episode We Cover: The biggest mistake house flippers can make when investing in 2024 and beyond  What to do when your house flip suddenly stops making financial sense  Foundation issues and how to correct a house that’s literally starting to slide  Forecasting permit times and how not doing so can cost you over $100,000 Why you always, ALWAYS need to have emergency reserves on hand when doing a home renovation or house flip  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Weather Underground How to Make a 120% Return by Buying “Negative” Cash Flow Real Estate Connect with James: James' BiggerPockets Profile James' Instagram Hear James on the “On the Market” Podcast Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-858 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investing can make you rich or ruin you financially…if you’re not taking the proper precautions. Today, you’ll see just how easy it is to lose money on a bad real estate deal and how even the top investors, those with decades of experience, still can end up in a rough situation through no fault of their own. And while both the investors featured in this two-part series have made millions in real estate, they’ve also had a couple of deals gone wrong that have cost them hundreds of thousands. In this episode, we’re talking to Mindy Jensen, host of the BiggerPockets Money podcast, about, as she calls it, “the house that almost broke me.” This property alone lost Mindy over a quarter of a million dollars, as she had to deal with crooked contractors, a once-in-a-lifetime flood, theft, and more. If you want to ensure you NEVER repeat the same mistakes as Mindy, listen to this ENTIRE episode before buying your next house. And next time, we’ll be on with James Dainard, expert flipper and co-host of On the Market, to talk about his house flip that makes Mindy’s look like a walk in the park! In This Episode We Cover: How Mindy lost over $300,000 on ONE real estate investment The one “waiver” you MUST get signed before you hire a contractor DIY vs. hiring it out on home renovations and why Mindy does almost all her own work The “five-hundred-year flood” and the WRONG time to replace a roof Why you must have emergency reserves before you invest in ANY property And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Weather Underground How to Make a 120% Return by Buying “Negative” Cash Flow Real Estate Connect with Mindy: Mindy's BiggerPockets Profile BiggerPockets Money Podcast Mindy's Twitter Profile Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-857 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

How do you make six figures in passive income with no college degree, very little money, and zero experience in real estate? Do what Hunter Lawler did and take it step-by-step; within a few years, you, too, could be making over $100,000 in cash flow with just ten properties! But the only way you’ll get there is by thinking outside the box, buying properties most don’t even know about, and taking risks when talking to sellers. Hunter learned very early on that a college degree doesn’t guarantee a big paycheck. He was making a full-time income from his crawfish-selling side hustle when he decided to drop out. After seeing entrepreneurial success, Hunter pivoted and started investing in the sexiest, highest-priced properties ever…mobile homes. These dirt-cheap rentals gave him the sweat equity he needed to build a bigger portfolio. From mobile homes to single-family houses, self-storage facilities, and killer seller finance deals, this episode is a masterclass on how to grow a six-figure income stream without a college degree or hundreds of thousands in the bank! In This Episode We Cover How to build a six-figure income stream by buying cheap, low-risk rental properties Buying discounted houses at “sheriff sales” and what to know BEFORE you bid Mobile home investing and why it may be the easiest way to get into real estate  Commercial lines of credit, home equity, and how to turn your rentals into more mortgages  Self-storage investing and the hands-off system Hunter uses to create serious cash flow Seller financing and the simple way to convince a seller to take a fair price for their property  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-856 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Student housing investments can make you killer cash flow. If you invest in college towns, students will pay a premium to be close to campus and won’t mind living in a property with three, four, or five other roommates! This means you can squeeze six high-paying tenants into one single-family home. But more money means more problems, and your investment property could become a party house overnight. How do you keep the cash flow and avoid the headache? Let’s find out! David is back on Seeing Greene to answer your real estate investing questions, and his partner in crime, Rob Abasolo, joins in to add more investing firepower to this episode. This time, the dynamic duo will touch on student housing investments and whether fitting six (yes, six!) students under one roof is worth the risk. Then, how to invest when your DTI (debt-to-income) is too high. One investor asks whether a lease option is the best way to sell a property, and finally, we’ll finish with the great debate: pay down your mortgage early or save the money instead. 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 student housing and whether the huge cash flow is worth the headaches How to make sure your short-term rental or student housing DOESN’T become a party house How to fund your real estate deals when your DTI (debt-to-income) is too high  Selling properties via lease options and what could go wrong during the deal  Paying off your mortgage early vs. keeping the cash and saving instead  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-855 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Despite unpredictable mortgage rates, there’s a huge opportunity for real estate investors in the coming year. Get insights and strategies from the BiggerPockets 2024 State of Real Estate Report. In today’s show, BiggerPockets VP of Data and Analytics, Dave Meyer, and co-host of the On the Market podcast, James Dainard, will share their thoughts on where the housing market could go in 2024, what happened in 2023, and the biggest opportunities for investors over the next year. From low mortgage rates to tiny down payments, living for free, and buying brand new homes at a discount, they'll share strategies even beginners can use to build wealth in 2024. Want access to the entire 2024 State of Real Estate Investing Report? Click here or head to BiggerPockets.com/Report24 to access all the strategies, data, and insight for free. In This Episode We Cover: Huge opportunities to build wealth in the 2024 housing market The commercial real estate correction and properties seeing the biggest price cuts Supply, demand, and why home prices didn’t fall in 2023 How to pick up a brand new property at a low mortgage rate TODAY The new five percent down loan program ANYONE can use to live for free Risks to watch out for in 2024 that could kill your cash flow instantly  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Grab the Full 2024 Report for FREE Here Hear Dave and James on the “On the Market” Podcast Try the BiggerPockets Real Estate Investment Calculators BEFORE You Buy Connect with Dave: Dave's BiggerPockets Profile Dave's Instagram Connect with James: James' BiggerPockets Profile James' Instagram Hear James on the “On the Market” Podcast Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-854 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

“Negative” cash flow can help you reach financial freedom up to FIVE TIMES faster, so why are most investors ignoring low-to-no cash flow deals? For decades, cash flow has been king in the real estate investing realm. Investors were told NEVER to buy a rental property that didn’t bring in hundreds a month or at least break even. But now, this golden rule of real estate investing is broken, and there’s a FAR faster way to build wealth that sacrifices cash flow for something much more powerful. And this isn’t just some hypothesis or “what if” scenario. We have three investors today showcasing three real estate deals, ALL with negative cash flow and ALL with huge equity upside, 100% (or greater) returns, or profits that far outweigh what most investors even dream of achieving on their real estate deals. And if you do just a few of these deals the right way, you could reach financial freedom in a matter of years, not decades, like today’s guests.  Join David Greene, James Dainard, and Mindy Jensen as they do their best to deprogram the masses from “cash-flow-only” investing and show you why negative cash flow isn’t always bad—in fact, it could be a sign of an unbelievable deal.  In This Episode We Cover What is “negative” cash flow, and why TOP investors go for these deals ROE (return on equity): the one metric the ultra-successful pay attention to How James traded $800 a month for over $300,000 in equity (with ONE property) The danger of floating rate debt and how it can easily KILL your deals David’s $100 negative cash flow deal that INSTANTLY made him $90K The negative cash flow rules that you MUST follow And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-853 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Investing in real estate can build you massive wealth. And here’s the secret no one wants to tell you: it isn’t all that hard. But before you jump to conclusions and call real estate a get-rich-quick scheme, let’s lay down the law. Investing in real estate is a simple, repeatable process that MANY Americans have used to get rich, but it takes knowledge and time to succeed. Where do you go to learn how to buy your first or next rental property? Well, you’re already here! In this bonus episode, Scott Trench, CEO of BiggerPockets AND decade-long investor, will share his five-step, repeatable process for finding and analyzing real estate deals. Scott has taken the SLOW route to wealth. He doesn’t have a hundred units, a big real estate fund, or a yacht. But he does have a thirteen-unit passive-income-producing rental portfolio that pays him money every single month. Stick around to learn how YOU can get your first or next rental property in 2024. Want full access to the tools and resources from this episode, including calculators and rent estimators? Sign up for BiggerPockets Pro and use code “STABLEWEALTH24” for a special discount! In This Episode We Cover: The five-step process to find real estate deals in any market  How Scott built a thirteen-unit real estate portfolio in under ten years  The slow, steady, repeatable path to wealth with buy and hold rental properties Scott’s 2024 housing market, mortgage rate, and price predictions  How to choose a rental property market depending on your goals  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Rent Estimator Rental Property Calculator Connect with Other Investors on the BiggerPockets Forums Grab the “Quick Start Guide” to Real Estate Hear Scott on the “BiggerPockets Money” Podcast Work with Rent to Retirement for Your First or Next Turnkey Rental Property Books Mentioned in the Show: Set for Life by Scott Trench First-Time Home Buyer by Scott Trench Connect with Scott: Scott's BiggerPockets Profile Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-q4-3 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is “subject to” real estate investing a mistake? Why is cash flow SO hard to find? And what do you do when you overpay for a property? With so many ways to build wealth with real estate, you’ll also need to be aware of the pitfalls. If you don’t know what you’re doing, you could end up with a property you paid too much for, with no cash flow and empty pockets. Thankfully, this is BiggerPockets, so we’re going to give you all the tactics you need to make your next investment a home run. Put on your green-tinted goggles because David does NOT have a green light for this Seeing Greene episode. Due to this unforgivable offense, we brought another expert investor, Rob Abasolo, on to help David answer some of YOUR real estate investing questions. First, we hear from an investor who makes some great cash flow from her short-term rental but wonders if it’s worth all the work. Next, an investor finds out that his new build property is selling for a significant discount—can he get out of the deal? Similarly, an ADU (accessory dwelling unit) investor is looking to develop but doesn’t know the best way to finance his new construction. David also answers some questions from the comment section about why investors stopped chasing cash flow so much. And finally, a realtor is concerned about the amount of subto (subject to) “speculation” in today’s industry. Are his concerns legit? Stick around; we’ll get into it all in this episode! In This Episode We Cover: How to automate your short-term rental so you do less work What to do when you realize you’ve overpaid for a property How to fund a new development with equity, construction loans, or both  Why cash flow is NOT the only thing to focus on anymore  Subject to speculation and whether overpaying to lock in a low rate is EVER worth it  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube How to Fund Real Estate Deals Right Now w/Zach Lemaster Don’t Chase Cash Flow! Use THIS Metric to Analyze Your Deals Subject To Real Estate: Why Investors Should Add This Tool to Their Arsenals Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-852 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

There’s one type of investment property most people would NEVER consider that could make you a millionaire. They’re not regular rental properties or huge apartment complexes—in fact, they’re so cheap that most investors could probably buy them outright in cash. What’s this “overlooked” investment property that could make you millions? Stick around, we’ll tell you.  Four years ago, Jason Velie worked at a W2 job without any investment property or passive income. Now, he’s a multimillionaire, making $10,000/month in pure cash flow, NEVER having to wake up to an alarm clock again. After a first deal gone wrong, where Jason spent two years working on a house just to break even, he was introduced to a new type of investment property—one nobody talks about.  With the massive profits from these cash cow deals, Jason was then able to use just $15,000 to buy a property that is now worth $1,000,000. And this was ALL during one of the hottest real estate markets ever. The best part? You can do EXACTLY what Jason did to become a millionaire, too, so stick around to hear his FULL strategy!  In This Episode We Cover The “overlooked” asset class that could make you six figures with ONE deal Why you should NEVER pay a contractor without seeing the completed work  Calculating your “worst-case scenario” before you buy ANY property  Investing in mobile and manufactured homes and cheap real estate with huge upside  The one real estate investing tool Jason used to explode his portfolio  How Jason turned $15,000 into $4,000 per month in pure cash flow! And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-851 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

“Want to invest in multifamily real estate, do zero work, and make a million dollars, all in a few months? Well, we have the opportunity for you! We’re about to make you a gazillionaire for the low, low price of your entire life savings. Don’t worry about doing any due diligence; just sign these papers without looking through them. You’re about to strike it rich!” Most people can call out an obvious scam or bad real estate deal, but what about the less-than-obvious signs? Today, we’ve got two multifamily real estate experts, Andrew Cushman and Matt Faircloth, on the show to go through the multifamily and syndication red flags that could cost you EVERYTHING. Andrew even went through the painful process of losing 90% of an investment years ago just to walk through his lessons on the show. Whether you’re partnering on a deal or passively investing in syndications, if any of these red flags show up, you should run—immediately. From vetting a sponsor to investigating track records, which metrics to trust (and which NOT to), and the questions you MUST ask, this episode alone could stop you from losing tens or hundreds of thousands of dollars. In This Episode We Cover: The seven deadly signs that a multifamily syndication deal is a scam (or at least a dud) Vetting a sponsor/syndicator and why you MUST avoid “FOMO investing” Partnerships, inexperienced sponsors, and who you can REALLY trust The new financial “metric” unsophisticated syndicators hope you DON’T look into  The “capital stack” explained, and how to do your due diligence on a syndication’s debt (before you invest) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Be a Guest on the BiggerPockets Podcast David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Podcast 636 with Amy Mahjoory (Part 1) BiggerPockets Podcast 352 with Diego Corzo Join BiggerPockets Pro and Start Investing for Financial Freedom TODAY Ask David Your Question Book Mentioned in this Show Pillars of Wealth by David Greene Raising Private Capital by Matt Faircloth The Richest Man in Babylon by George S. Clason: The Hands-Off Investor by Brian Burke Connect with Andrew: Andrew's BiggerPockets Profile Andrew's LinkedIn Vantage Point Acquisitions Connect with Matt: Matt's BiggerPockets Profile Matt's Instagram DeRosa Group Learn more about your ad choices. Visit megaphone.fm/adchoices

Have home equity? Well, you could retire early, thanks to it. If you bought a house from 2009 up until 2021, there’s a good chance you could be sitting on tens of thousands, hundreds of thousands, or millions of dollars in equity. But equity just sitting in a property isn’t doing much for you unless you can use it to retire early! Want to know how? Stick around; we’ll show you! We’re back on another Seeing Greene where average investor Rob Abasolo joins buff, strong, beautiful, and bald David Greene to answer your real estate investing questions. In today’s show, we talk to Anthony, a slow-and-steady investor who’s built up an impressive amount of equity over the past decade. He wants to retire early and use his equity to increase monthly cash flow. But what’s the best way to do it? Next, we share some public loathing of HOAs (homeowners associations) and how they can be the bane of your investing existence, plus when it’s time to sell a property in an HOA. Finally, an investor who is STRUGGLING to pay off her HELOC asks what the next best move to make is: work hard to pay it off the old-fashioned way or leverage ANOTHER investment to become debt-free faster. In This Episode We Cover: How to turn your home equity into cash flow and an early retirement  Buying rental properties in cash and when it makes sense to forgo a mortgage Syndications vs. active investing and when you should stay away from “passive” income HOA headaches and why a homeowner association could ruin your cash flow Cash-hemorrhaging HELOCs and the fastest way to pay off bad debt And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Be a Guest on the BiggerPockets Podcast David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Podcast 636 with Amy Mahjoory (Part 1) BiggerPockets Podcast 352 with Diego Corzo Join BiggerPockets Pro and Start Investing for Financial Freedom TODAY Shop The BiggerPockets Store SALE and Get an Additional 10% Off with Code “BOOKS849” Ask David Your Question Hear More from Expert Flipper James Dainard on The “On the Market” Podcast Books Mentioned in this Show Pillars of Wealth by David Greene Connect with Anthony: Anthony's BiggerPockets Profile Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-849 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Keleisha Carter built a $5K/month passive income stream as a new immigrant with NO green card, money, or ability to get a mortgage. After realizing that her corporate job in Jamaica wouldn’t lead her to where she wanted to be, Keleisha made the adventurous decision to pack up everything she had and move to the US. Overnight, she went from a high-respected marketing role to bussing tables in an entirely different country, but she had bigger plans. Keleisha’s goal was to support her family financially in any way she could and eventually bring them to the States. After numerous promotions, Keleisha built up a small sum of savings that she would use to buy her first rental property. Or, that was the plan until she realized that without being a US citizen, purchasing a home and getting a mortgage would be much more complicated than she thought. In today’s show, Keleisha shares her smart strategy to get around the banks and buy properties, EVEN as a new immigrant. Plus, she’ll show how she’s buying rentals today WITHOUT using her own money and why she’ll NEVER try to flip houses again. In This Episode We Cover: How to get around mortgage qualifications and buy your first property WITHOUT the banks Quitting corporate and when it’s time to take a risk and leave a soul-sucking job behind An immigrant’s guide to real estate investing without a Green Card or citizenship Why EVERY BRRRR (buy, rehab, rent, refinance, repeat) property MUST work as a house flip How to find the perfect out-of-state investing market even if you have ZERO investing experience And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Be a Guest on the BiggerPockets Podcast Henry's BiggerPockets Profile Henry's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Podcast 636 with Amy Mahjoory (Part 1) BiggerPockets Podcast 352 with Diego Corzo Connect with Keleisha: Keleisha's BiggerPockets Profile Keleisha's Facebook Keleisha's Instagram Keleisha's LinkedIn Keleisha's Website   Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-848 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Yes, there are STILL rental property mortgages with low interest rates AND low money down, even in 2023. These investment property loans are unknown to most real estate investors simply because they don’t know where to look or who to ask about them. Which loans are we talking about? Stick around because today, we’re uncovering all the ways that YOU can finance and fund your real estate deals in 2023 and 2024, even when getting a loan is harder than ever before. If you’ve been struggling to put properties under contract because your financing keeps falling through, this is the episode for you. After running into numerous closing table conundrums and non-stop financing fatigue, many real estate investors are giving up on buying new properties due to banks’ lack of liquidity and eye-watering loan requirements. But that isn’t stopping David, Rob, or today’s guest, Zach Lemaster, from closing deals. In this episode, we’ll go through the loan options that WORK in 2023 and 2024, the creative financing you can use to fund your next deal, and the often unknown loans that STILL offer only three percent mortgage rates or just five percent down on rental properties (seriously). If you haven’t tried these loans yet, you could be missing out on some of the best deals of the decade.  In This Episode We Cover The underrated, often overlooked rental property loans with low interest rates and low down payments  Why getting a thirty-year fixed-rate loan may NOT make sense in 2023 and 2024  Whether to secure the debt or the deal first on your next real estate investment  Loan “covenants” you MUST look out for before getting any new mortgage  Mortgage rate predictions and where interest rates could be over the next five years How to build a relationship with banks/lenders so you ALWAYS get funding  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-847 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Hear a sneak peek of David Greene's newest book, Pillars of Wealth: How to Make, Save, and Invest Your Money to Achieve Financial Freedom.  Enjoyed the first chapter? Click here to pick up your copy of the book today! Learn more about your ad choices. Visit megaphone.fm/adchoices

If you want to pay fewer taxes or outright avoid taxes in 2024, you’re in the right place. We’re about to give you all the last-chance tax tips and loopholes you can use NOW to pay WAY less in taxes in 2024. All of these are perfectly legal, but many will require some form of real estate investing. Don’t own any rental property yet? Not a problem! You can STILL start planning to pay lower taxes BEFORE you buy! We brought back our two favorite tax experts, Amanda Han and Matt MacFarland, on to the show to share all the last-minute tax tips YOU can use to pay Uncle Sam less and keep more in your pocket. Plus, Amanda and Matt share a tax “loophole” that anyone who makes under $100K per year OR owns a short-term rental property can use to save thousands, if not tens of thousands, in taxes. We’ll also get into common ways anyone can reduce their taxes through retirement account contributions, charitable donations, and more. Plus, the common misconception costing you thousands of dollars in write-offs that you never knew you could take! In This Episode We Cover The one rental property “loophole” that allows you to take a MASSIVE deduction A huge real estate write-off any investor who makes under $100K is able to take  Retirement investing and how boosting your nest egg can dramatically lower your taxes Common real estate write-offs that you’ve probably missed  How to use your home equity for tax-free income AND a big tax write-off  What to do RIGHT NOW to avoid paying taxes in 2024 (and beyond!) And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-846 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

How many rental properties would it take for you to become financially free? Five, ten, twenty, one hundred? And once you know how many you need, how long will it take you to get there? KC Massie reached financial independence in his thirties after eleven years of slowly, quietly, and strategically building a repeatable rental property portfolio that rakes in over $100,000 per MONTH in rent. Yes, you read that right—six figures a month!  KC didn’t do anything spectacular to achieve this feat. He didn’t raise any money from friends or family, buy a thousand units in a year, or use risky debt. Instead, KC did things the old-fashioned way—slowly building a portfolio of rental properties, consistently buying every year, and making the most money he could at his job to fuel his purchases. Fast forward eleven years, he has complete financial freedom and has enough money to do whatever he wants, whenever he wants. In today’s show, you’ll hear about KC’s repeatable path to real estate wealth, the surprisingly ordinary methods he used to build a BIG portfolio of rental properties, and why he encourages EVERY real estate investor to start “building quietly.”  In This Episode We Cover How KC built a $50K/month rental property income stream in just eleven years The “limiting beliefs” you’re telling yourself that stop you from achieving financial freedom Working with your spouse and why you WANT them included in your rental business  Why getting better at your job is the fastest road to early retirement  How KC doubled his portfolio overnight with one very smart move  Why you MUST start “building quietly” if you ever want to become wealthy  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-845 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jim Kwik is Nike, Google, and SpaceX’s go-to brain expert. If you want to learn anything faster and with less effort, he’s the guy you talk to. Jim is friends with some of the wealthiest, most influential people on the planet, and he knows exactly what it takes to become successful and what YOU need to do TODAY to get to where you want to be. After numerous bad falls, sleeping disorders, and head injuries, Jim was consistently referred to as “the boy with the broken brain.” He couldn't read, he couldn’t remember, and he was falling behind in every aspect of life. But one day, Jim learned how to break the memory code, learn faster than even the most diligent students, and outpace his classmates, who had significant advantages. Now, he teaches everyone else how to do the same. If you want to read faster, remember anything, scale your business, and become successful, Jim has the tips you NEED. He also shares the “lies” you’re telling yourself that stop you from achieving your dreams and the TINY step you can take RIGHT NOW to accomplish your wildest aspirations. In This Episode We Cover: The “lies of learning” that are stopping you from building wealth  Why “knowledge is power” is overrated and when to STOP learning  How to remember ANYONE’S name (even if you just met them)  The three “M's” that lead to a “limitless” brain and unlimited achievement  Why you’re feeling burned out and how to put the fire back into your life  One tiny, simple step you can take today that’ll put you on track for success  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Subscribe to David’s YouTube Channel Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Podcast 803 with Andy Gil BiggerPockets Podcast 443 with Jim Kwik Train Your Brain to Retain: A Quick & Simple Trick to Improve Your Memory Discover Your “Brain Animal” Books Mentioned in the Show: Pillars of Wealth by David Greene Limitless Expanded by Jim Kwik Connect with Jim: Jim's Instagram Jim's Podcast Jim's TikTok Jim's X/Twitter Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-844 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

You want to invest in real estate, but you lack the cash or the income. With home prices and mortgage rates so high, even a decent-paying job won’t land you a rental property or even a primary residence. So, what do you do? Should you call it quits and let others build wealth while you struggle to make ends meet? Not quite. There’s one thing you should start doing today that’ll make your real estate investing much easier. Welcome one and all to another Seeing Greene, where David answers your investing questions in today’s tough housing market. First, Rob joins us to advise an investor struggling to buy her business’s building from her father. He wants to sell after having a rough time with this commercial property, but Shelly, our investor, wants to convince him to keep the building OR give her a chance of ownership. What should she do?  Next, David answers the trifecta of 2023 investing questions: what should you do when your pre-approval is too low? How do you pull out home equity when you’re broke? And what to do when you don’t have enough income to qualify for a mortgage? A straightforward solution solves ALL THREE of these investors’ questions, and it’ll help you, too, if you’re struggling in this market! In This Episode We Cover: What to do if you WANT to invest in real estate but don’t have enough money  Why DTI (debt-to-income) is SO important to investing and how to lower yours NOW Real estate vs. stocks and why property almost ALWAYS beats simple stock investments When to invest in a “mediocre” deal that has no-to-low cash flow How to fire your property manager EVEN if you’ve signed a long-term contract The secret to scaling your real estate portfolio that the gurus won’t tell you And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Subscribe to David’s YouTube Channel Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Podcast 823 on Cost Segregation Seeing Greene 828 BiggerPockets Podcast 844 with Jim Kwik (Coming Soon!) Books Mentioned in the Show: Pillars of Wealth by David Greene The Richest Man in Babylon by George Clason Connect with Shelly: The Mousing Harke Instagram Fairmount Bicycles Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-843 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

You’ve seen Barbara Corcoran on Shark Tank, heard of her unbelievable real estate deals that make millions of dollars, and might own a product or two that she’s invested in. She’s spent her entire career betting on New York real estate, and her risk has come with tens of millions of dollars in rewards. And while Barbara is known for her “go with your gut” type of investing, her son, Tom Higgins, went a completely different direction—and it paid off. Tom has flown under the radar for most of his real estate career, never relying on his Corcoran lineage thanks to his different last name. He worked at a real estate brokerage in college, attended real estate finance classes at night, and eventually found himself in the industry as a real estate development professional, helping develop and renovate over 2,000 multifamily rental units! Tom is a hard-numbers guy. He knows the cash-on-cash return, loan-to-value, and acquisition cost of every deal he’s done. Barbara, on the other hand, self-admittedly, can barely remember which metrics are which. Today, Barbara and Tom debate whether you should go with your head or heart when investing in real estate and why using a little bit of both could make you richer than all the other investors. In This Episode We Cover: Barbara and Tom’s sneaky way of finding up-and-coming real estate investing areas Why Barbara says to never touch a DIME of your cash flow until… How Tom made Barbara even more money by making her go against her investing nature  One super simple way to immediately find out if a contractor will be worth the money  Risky leverage and the one type of loan Tom says to STAY AWAY from Why Barbara looks for “old ladies” every time she’s in a new market  How Tom uses BiggerPockets to meet investors, contractors, and partners (and why you should too!)  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Subscribe to David’s YouTube Channel Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Meet Your Next Partner, Contractor, or Investing Buddy on the BiggerPockets Forums Barbara Corcoran’s Wild Real Estate Tactics You’ll Want to Repeat FIRE by 27 Using the “Chick-Fil-A Rule” of Real Estate Books Mentioned in the Show: Pillars of Wealth by David Greene Connect with Barbara: Barbara's Instagram Barbara's Podcast Barbara's TikTok Barbara's X/Twitter Connect with Tom: Tom's BiggerPockets Profile Tom's X/Twitter Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-842 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Will 2024 bring about a soft landing or a hard recession? Tough economic times could be upon us as more and more economists disagree with the “soft landing” narrative of early and mid-2023. Even though the economy hasn’t broken down yet, top-tier investors like Fundrise’s Ben Miller believe that a recessionary “lag” is taking place that could give us some severe financial whiplash—and only the best of the best will survive what is to come. So, what does it take to survive a recession, and how do you know whether or not you’ve put yourself at risk of losing everything? Ben, David, and Rob all give their takes on what could happen in 2024, how they’re protecting their wealth, and why they’re taking fewer risks to ensure they make it out alive. This may be a HUGE wake-up call if you’re still actively buying real estate deals and leveraging your portfolio as much as possible. Ben will also talk about his lessons from the last two crashes, how the companies he worked with got crushed, and how he changed his investing perspective to build wealth far faster than almost anyone around him. Wealth is built during the downtimes, but if you don’t follow the advice of those who have been through past crashes, you could lose everything you’ve built! In This Episode We Cover: When the 2024 recession could hit and why it may be worse than most Americans believe The recession “lag” that is catching up to us and why it might hit you by surprise  A soft landing vs. hard recession and how bad the economy could get Impacts on real estate and whether or not you should be buying or holding right now Playing financial “defense” and how to ensure you don’t get wiped out during downtimes High mortgage rates and how they could lead to unemployment, a housing market standstill, and a tough economy And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Subscribe to David’s YouTube Channel Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Fundrise’s Ben Miller on The 2023 Financial Crash A “Soft Landing” Looks Shaky as Recession Risk Starts to Rise Why 2023’s “Rolling Recession” is Almost Impossible to Predict Connect with Ben: Fundrise Ben's X/Twitter Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-841 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

We’re about to show you the eight best housing markets you’ve never heard of before. If you want boring, unsexy markets that give you mailbox money every month, have growing populations, cheap homes, and strong economies, bring your notepad because you probably haven’t thought of any of these markets before. We sent our On the Market researchers on a quest to find the country’s most boring, underrated, yet promising rental property markets—and we’re sharing the list with you today. From college football towns to underrated beach cities and strong manufacturing centers, almost all these cities have cash-flowing real estate where you can find steals and deals easier than already-tapped markets like Miami, D.C., or Denver. Some of these markets are on the smaller side. Still, with housing affordability tanking, these cheaper states could see a massive influx in population as coastal workers seek financially stable inland cities. So, if you’ve been saving up to buy your next deal but can’t find anything worth investing in around your area, check out ANY of these eight markets because if you don’t buy in them, we will (and Henry already has)! In This Episode We Cover: Eight boring, stable, cash-flowing real estate markets you can invest in NOW The East Coast beach city with MASSIVE population growth and cheap home prices The college football towns where you can make a killing on student housing Staying away from single-industry markets and what happens when employment starts to fall The state pushing for zero percent state tax that could see a significant population boost The growing city where Henry is gobbling up rental properties as fast as he can And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Get on The Waitlist for BPCon 2024 in Cancún! The 4 Most Affordable, High Cash Flow Real Estate Markets of 2023 These Are The Top 20 Up-And-Coming Real Estate Markets Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-155 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Could the end of real estate investing already be upon us? How do you know how much to spend on a renovation before buying a house? And is a negative cash flow rental EVER worth investing in? On this Seeing Greene, we’re answering the tough questions you’ll be forced to ask in a hard housing market so you can build wealth while the masses run for the hills. Thankfully, David has his co-pilot on this episode! David and Rob are back to answer YOUR real estate questions, EVEN if you’re too scared to hear the answers. On today’s show, a live caller asks, “How do I get a renovation estimate BEFORE bidding on a BRRRR?” If you’ve stressed over which comes first, the bid or the buy, stick around. We’ll also touch on negative cash flow and when it makes sense to buy a rental that’s losing money every month (there’s a science to this). Then, for all you doomsayers, David and Rob give their take on what happens when the population declines, and no one is left to rent houses. Finally, we answer the age-old question, “should I rent or buy in today’s market?”  Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot! In This Episode We Cover How to estimate rehab costs BEFORE you bid on a BRRRR  When it’s worth it to buy a “cash flow negative” rental property  The secret to getting out of ANY contract if you need to exit a deal  The long-term effects of declining populations and whether real estate investing could meet its end  Renting vs. buying and when it makes sense to invest while you're still a renter  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-840 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Darius Kellar went from making ten dollars an hour as a janitor to a real estate investor with over $1,000,000 in rental properties in less than a decade. By taking advantage of property auctions and investing in areas that most real estate investors wouldn’t even consider, Darius has built a real estate portfolio that will soon bring in six figures in rent every year, most of which he’ll get to keep. How he did it was a lot simpler than you’d expect. Before real estate, Darius had $100,000 in student debt, was making a close-to-unlivable wage, and knew he needed a way out. He bought his first home six years after the Great Financial Crisis in an economically devastated city. Darius couldn’t get a mortgage and needed to save up to get out of the two-bedroom house he was sharing with six other people. Once he closed on his first house, he knew he had to repeat the system. But this wasn’t easy. Darius has seen everything from sewer problems to stripped copper piping and wiring, no electric hookups, and renovation headaches, but he never stopped. Now, he makes as much passive income per year as many people’s full-time jobs and can show you how to do the same so you can make more money than you ever dreamed possible. In This Episode We Cover How to buy properties at auctions for THOUSANDS of dollars each (seriously) The one thing you MUST do before you buy any property (getting this wrong could cost you thousands) DIY rehabs and how to outsource your home renovations so you can focus on investing How to use BRRRR (buy, rehab, rent, refinance, repeat) to build your real estate portfolio faster  Why Darius’ overlooked area could be a cash flow goldmine for investors  Turning your real estate skills into a business to make even more money And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-839 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Without asset protection, your wealth is as good as gone. One slip and fall from a tenant, one angry ex-spouse, one jealous onlooker, and you could have your real estate relinquished and your bank accounts drained. And as the economy continues to get even more rocky, lawsuits that threaten your hard-earned nest egg are becoming more and more common. So, how do you build a legal fortress around your fortune? Brian T. Bradley, Esq., our go-to asset protection expert, is back on the show with news that could affect all real estate investors. A recent case surrounding LLCs (limited liability companies) has completely changed the landscape for investors, businesses, and anyone who operates within an LLC. Now, the LLC you so carefully set up could mean nothing if you eventually get sued. But there is something you can do about it. In this episode, Brian goes over the changes in this new LLC law, how you can start protecting your assets (even if you only have a couple of properties), how to NOT commit “accidental fraud,” and the rise of “Robin Hood” lawsuits you MUST protect yourself against. In This Episode We Cover: The asset protection “layers” anyone can use to protect themselves from lawsuits  A new court case on LLCs that could change the way business is done  “Piercing the veil” and mistakes you’re probably making that could cost you everything The “accidental fraud” actions MANY investors make when protecting their assets Why you NEVER want to put your rental properties into an S-Corp The rise in “Robin Hood” lawsuits that target wealthy, successful investors And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Subscribe to David’s YouTube Channel Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube How to “Layer” Legal Protection So Lawsuits Won’t Touch Your Wealth Don’t Lose Your Portfolio to Lawsuits! Here’s How to Protect Yourself Asset Protection for Rookies: 7 Wealth-Saving Answers from an Expert 10 Landlord-Tenant Laws Every Landlord Should Know Books Mentioned in the Show: Pillars of Wealth by David Greene Connect with Brian: Brian's BiggerPockets Profile Brian's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-838 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Kevin Paffrath, AKA “Meet Kevin,” one of YouTube’s most famous financial influencers and real estate investors, joins us for this week’s Seeing Greene to answer YOUR real estate investing questions. But this time, you’ll hear a bit more about who should be investing, who shouldn’t, and why partnering up on a property is a huge “no-no” in Kevin’s book. Plus, if you’re starved for cash flow in this impossible investing environment, Kevin has some good news for you. But that’s not all we get into. David and Kevin talk about why cash flow isn’t as important as you think, why dating the mortgage rate could be risky, the social media investing scam you could be falling into, and why investing with no money down is a fool’s game. One investor even submits a potential deal that makes Kevin want to vomit (his words), so if this sounds like something you’re about to buy, run away! 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: Why you should stop caring so much about cash flow and focus on THIS instead What to do with “trapped capital” in your properties and how to make more money to invest BRRRRing vs. flipping in 2023 (and which one Kevin HATES) The investing “advantage” you might not even know you have Partnership problems and the one real estate investment Kevin won’t touch  Using private money to fund your down payment (and Kevin’s STRONG opinion on this) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Subscribe to David’s YouTube Channel Ask David Your Real Estate Investing Question BiggerPockets Podcast 357 (Kevin’s Episode!) BiggerPockets Podcast 822 BiggerPockets Podcast 833 Luke Carl Books Mentioned in the Show: Pillars of Wealth by David Greene Connect with Kevin: HouseHack Kevin's Instagram Kevin's YouTube Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-837 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

If Lindsey Duguet can reach financial freedom, you can too. She was hundreds of thousands in debt from student loans, trying to raise a family with almost zero free time, working eighty-hour weeks, and failing to find financial footing. Now, just five years later, she’s financially free, owns over five hundred rentals, and works not because she has to but because she wants to. She’s scaled faster than almost anyone else we’ve interviewed, so tune in to hear her secrets! Let’s address the elephant in the room. Lindsey Duguet is actually Dr. Lindsey Duguet, a physician who was the first in her family to attend college. After being told “you can’t do that” more times than she could count, Lindsey made it her mission to prove everyone wrong on her road to success. She got into medical school, nailed residency, became a doctor, and then built a massive passive income rental portfolio on the side to free up family time. In this episode, Lindsey talks about what made her realize she couldn’t rely on a W2, why buying squatter-filled rentals for just $5,000 isn’t the best move to make, a MASSIVE BRRRR win that made her $300K (tax-free), and how to get “unstuck” when you feel like your real estate investing has hit a wall.  In This Episode We Cover How to build a massive real estate portfolio in five years (or less) Direct mail and other ways that Lindsey found killer off-market deals Why you should NEVER buy a house sight unseen (unless you do this) Real estate partnerships and how to use them to build an even bigger portfolio Creating passive income and why you CAN'T rely on your W2 forever  Working full-time while running a real estate portfolio and how to start outsourcing tasks  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-836 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Earlier this year, many Airbnb hosts expected the short-term rental market to fall off a cliff. With the threat of an economic recession, travel spending was supposed to crater, and with it, a slew of Airbnb failures. But that never happened. While demand did drop, supply increased, and daily rate growth eventually fell flat, there was no “Airbnbust” that so many doomsayers predicted. But, with another recession risk looking more real, are hosts still safe? We brought AirDNA’s Jamie Lane back to give his take on whether or not a short-term rental crash could happen this year or next. But that’s not all; Jamie also goes over what top hosts are doing NOW to increase their revenue and keep their businesses afloat even as rates come off their post-pandemic highs. Plus, what’s happening globally as a strong US dollar scares away would-be international travelers. If you run an Airbnb, this is data you must pay attention to. We’ll review which short-term rental markets are in danger, the amenities that will explode your occupancy, what to do when regulations get introduced in your city, and how to prepare if a recession cuts into Americans’ travel spending. In This Episode We Cover: The “Airbnbust” that never happened and why the short-term rental market held up Supply, demand, and why average daily rates are starting to fall across the industry Airbnb bans and short-term rental regulations that could immediately impact your business Global Airbnbs and why international travelers are steering clear of vacationing in the US Fires, floods, hurricanes, and other natural disasters threatening lives and Airbnb businesses Jamie’s advice on getting your first Airbnb and how to find a market that will last And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Tony's BiggerPockets Profile Tony's Instagram Hear Our Last Episode with Jamie Hear More from Tony on the “Real Estate Rookie Podcast” Use the BiggerPockets Airbnb Calculator Try AirDNA Today Attend Host Con with Rob Connect with Jamie: Jamie’s LinkedIn Jamie’s Twitter Jamie’s Podcast Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-835 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

About to take out a HELOC to buy an investment property? This could be a move you regret for years, ESPECIALLY if you’re doing this in 2023. As home prices have risen and real estate investors search for more money to invest, the HELOC (home equity line of credit) has become an obvious choice for many. But drawing from these lines of credit could come with a lot more risk than you might think and may tank your cash flow. David Greene is back on another Seeing Greene, live from Florida! But that’s not all; Rob (Robuilt) Abasolo is coming on to tag-team your real estate investing questions. They'll first talk to Tim, who wants to invest in real estate in high-priced Southern California. He has a townhome with some sizable equity but doesn’t know how to fund his first investment or make the most cash flow. David and Rob also hit on what to do with inherited or paid-off properties and how to scale when you lack the capital. Plus, we read a two-star review and combat it with a YouTube comment compliment from David’s secret admirer.  Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot! In This Episode We Cover How to turn your home into a rental property and investing in expensive areas When you should (and definitely shouldn’t) use a HELOC to fund your rental property purchase The super passive short-term rental “reverse” arbitrage model most landlords don’t know about  Scaling your real estate portfolio even when you’re out of capital  Inherited properties and how to make hands-off cash flow  The smartest ways to fund rental property repairs and renovations  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-834 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Luke Carl’s real estate “gateway drug” took him from one home to three hundred rental units in record time—and it can do the same for you. What started as a niche type of investing quickly took over the world, and Luke was able to use these mega high-cash flow properties to buy more rentals, build more wealth, and have enough real estate to do whatever he wanted, whenever he wanted. If you want that same type of financial freedom, you’ll want to copy Luke’s blueprint.  Luke and his wife, Avery, bought their first short-term rental before the term “Airbnb” even existed. They got in the game so early that they currently have the longest-running Airbnb in the Smoky Mountains. One vacation rental turned into another and another until they eventually reached a breaking point, forcing them to pivot and turn their short-term profits into long-term rentals, a move that Luke would wholeheartedly do again. Now, with a massive rental property portfolio, Luke credits his passive income portfolio to short-term rentals. The high cash flow has allowed him to buy more passive properties that can be outsourced and don’t require constant attention. But can YOU still repeat Luke’s short-term rental strategy with the so-called “#Airbnbust” upon us? Surprisingly, yes. He'll show you how.  In This Episode We Cover How to use high-cash flow vacation rentals to build your real estate portfolio WAY faster Why Luke DIDN’T quit his job to invest in real estate EVEN when he had enough income  Transitioning from short-term rentals to long-term rentals and when to STOP buying Airbnbs Luke’s financial “buckets” every short-term rental operator must set up  Property management vs. self-management and why you DON’T need to outsource most vacation rentals And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-833 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Once you know how to analyze a rental property, you can reach financial freedom FAR faster than most Americans. You’ll be able to know how much a property is worth, how much passive income you’ll make, which properties are worth investing in, and how many rentals you’ll need to retire and reclaim your time freedom. Today, David Greene will give you a masterclass on analyzing rental properties plus seven “sneaky tips” to get ANY offer accepted (even in 2023!).  In this short webinar, you’ll learn how to find the best rental properties in any area and analyze a rental for cash flow, cash on cash return, equity upside, and more. The best part? You don’t need ANY investing experience to do these calculations. With the BiggerPockets Rental Property Calculator, you can tell if a property is worth the price in MINUTES! David will walk through it all in this episode!  Ready to start? Sign up for BiggerPockets Pro and use code “OFFER20” for 20% off an annual membership and UNLIMITED calculator usage!  In This Episode We Cover: How to buy your first (or next) rental property EVEN in today’s tough market  How to analyze a rental property from start to finish in MINUTES The “LAPS” system you can use to constantly find great real estate deals  Cash flow, cash on cash return, equity, and other metrics you MUST know about How to make an irresistible offer and David’s seven “sneaky tips” for getting your first property under contract  The one tool top real estate investors use to build massive passive income And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Subscribe to David’s YouTube Channel Grab The Best-Selling Books by David Greene Rental Property Calculator Rent Estimator Pro-Exclusive Videos Ask David YOUR Investing Question Get the Slide Deck from This Webinar Connect with David: David's BiggerPockets Profile David's Instagram Lending Brokerage Textletter David's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-q4-1 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to speed up your retirement savings so you can retire even faster? With the right out-of-state rental properties, you can have consistent cash flow coming in every month, along with tens of thousands, if not hundreds of thousands, in equity from properties you bought this year! Today, we’re talking to two investors building their retirement nest eggs with long-distance real estate investing. Even better, the deals they’ll share were bought THIS year in today’s impossible housing market. First, we’ll talk to Keith, who lives in pricey California. He knew he couldn’t invest nearby but wanted to start building his passive income empire. With the help of Indianapolis agent Peter Stewart, Keith was able to lock down a medium-term rental that now cash flows $700 per month! Keith and Peter get into all the details, from how much the house cost to how they got it close to $30,000 under asking price, and the almost-perfect BRRRR (buy, rehab, rent, refinance, repeat) they did. Next, we’ll talk to Dave, who sold off all his rental properties in the last crash. Now, with retirement inching closer, he wants to build a legacy for his two boys. Dave worked with Oklahoma’s own Dahlia Khalaf on finding a long-term rental in a market with PLENTY of demand—so much demand that Dave had seventy-five interested applicants the weekend he posted this home for rent! If you want to find deals like Keith and Dave did in TODAY’s housing market, tune in! In This Episode We Cover: Retiring with rental properties and how to start building your nest egg today Out-of-state real estate investing and landlording at a distance when your home market is too pricey Building your “buy box” so you know exactly what rental properties to look for How to get WAY more cash flow out of the same rental with the “medium-term rental” model Using the BRRRR (buy, rehab, rent, refinance, repeat) method to pay close to nothing for rental properties  Why overbidding isn’t always a bad thing (and how it can make you money!) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Subscribe to David’s YouTube Channel Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Grab David’s Book on Long-Distance Investing, BRRRR, and More Analyze Rentals in Minutes with the BiggerPockets Rental Property Calculator Hear How to Get YOUR Offer Accepted in This Housing Market Connect with Dave: Dave's BiggerPockets Profile Connect with Dahlia: Dahlia's BiggerPockets Profile ASN Website ASN Facebook Connect with Keith: Keith's BiggerPockets Profile Keith's Instagram Keith's Facebook Connect with Peter: Peter's BiggerPockets Profile Peter's Facebook Peter's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-832 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

“Should I sell my rental property in 2023?” If you own investment property, you’ve probably asked yourself this numerous times over the past ten months. Prices are high, inventory is low, and your appreciated property’s profits could be turned into even more rental units, making you wealthier over time. So, how do you know if selling and swapping is the best move to make? Or, if you do sell, could you be missing out on even more wild appreciation potential? Let’s find out! Welcome back to Seeing Greene, where your investor, agent, lender, big guy at the gym who helps you with your form, and mentor, David Greene, is here to answer your real estate investing questions. This time, we hear from a Canadian investor debating selling her pricey Toronto triplex for cash-flowing American real estate. Then, David shows you exactly where to find rental property leases, when pulling out equity may not be a good idea, what to do when you CAN’T get home insurance, and how to calculate depreciation on your next rental. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: When to trade your reliable rental for more doors and bigger cash flow  Lease agreements and whether making your own or using a property manager is a better bargain HELOCs, 401(k) loans, and the right way to pay off debt FAST  The home insurance crisis and what to do when you can’t get coverage for your rental Calculating depreciation on a potential property and when tax savings AREN’T worth doing another deal And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Ask David Your Real Estate Investing Question Davids's BiggerPockets Profile David's Instagram Subscribe to David’s YouTube Channel Get Lawyer-Reviewed Lease Forms for Your Rental BiggerPockets Podcast 728 on Medium-Term Rentals BiggerPockets Podcast 819 on Insurance Crisis BiggerPockets Podcast 820 on Late Starter’s Guide Books Mentioned in the Show Pillars of Wealth by David Greene Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-831 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Off-market real estate deals can make you a millionaire in just a few YEARS. Instead of buying the nicest-looking rental property in the best area through a brutal bidding war, David Lecko went the opposite route, purchasing the properties nobody else wanted, finding deals simply by driving for dollars or paying someone else to do so. He went from a burnt-out nine-to-five worker to financial freedom in just two years by following this strategy, and you can do it, too! David was working all day and all night, making a meager salary with almost zero time freedom. His boss, who worked far less than he did, outsourced his business and had rental properties on the side. David knew that to be in the same position, he’d have to mimic his boss’ path to wealth. So, after work, David would drive around his local area, looking for the tallest grass, the biggest roof repairs, and the worst paint jobs. He finally found his first deal, which cost less than a used car, but ended up springboarding David to make millions. In today’s episode, David will walk through EXACTLY how to find off-market real estate deals the RIGHT way, how to get around the lazy lists that most off-market investors use, and how to turn a few properties into millions of dollars of wealth and close to six figures a year in passive income. And in today’s tough housing market, finding deals like these is even MORE crucial. So, what are you waiting for? Financial freedom is only a couple of years away! In This Episode We Cover: How to reach financial freedom in just a couple of years by buying off-market real estate  Driving for dollars and using this strategy to find massively underpriced deals Outsourcing your deal finding so you can drive less and make more money Building your off-market deal list and how many houses it’ll take to get your first payday  To BRRRR or not to BRRRR and why NO cash flow isn’t always a bad thing  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Subscribe to David’s YouTube Channel Join David’s Spartan League Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Podcast 731 with Brent Daniels BiggerPockets Podcast 781 on Finding Off-Market Deals BiggerPockets Podcast 663 with Pitch Anything Part 1 BiggerPockets Podcast 664 with Pitch Anything Part 2 Real Estate Rookie Podcast 241 with Sahleem Lee Books Mentioned in the Show Buy, Rehab, Rent, Refinance, Repeat by David Greene Pillars of Wealth by David Greene Rich Dad Poor Dad by Robert Kiyosaki Connect with David: David's BiggerPockets Profile DealMachine David's Instagram David's Podcast Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-830 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

If you take these three steps, you’ll reach financial freedom. There are no gimmicks, courses to buy, or get-rich-quick schemes. This three-step, repeatable blueprint to building wealth has been time-tested by some of the world’s most successful real estate investors. It’s not complex, but it will take work, sacrifice, and time to get where you want to be. So, what awaits you if you follow through? Financial freedom, multimillionaire wealth, autonomy, and the ability to do whatever you want, whenever you want. The weak won’t make it on this path, but YOU will. Today, we hear directly from David Greene on what made him millions, mistakes he made that you should avoid, and what his new book, Pillars of Wealth, can teach you that most Americans will go their whole lives without knowing. This is a blueprint for wealth-building that only the most financially savvy know about, and you’ll get to hear about all of it on today’s episode. So, if you’re tired of feeling stuck, not knowing how to make or keep more money every month, and need guidance on the next financial move to make, pre-order Pillars of Wealth today and start your journey to financial freedom! In This Episode We Cover: The three “pillars” of wealth that will lead you to financial freedom Why you’re spending all the money you earn and how to save money EVERY month The personal finance metrics you MUST track if you want to become wealthy  Why quitting your job to invest could push your financial progress back by years How to know which rental properties to keep, sell, or trade for something else David’s biggest mistake and what you need to be doing RIGHT NOW to become wealthy And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Subscribe to David’s YouTube Channel Join David’s Spartan League Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear Our Interview with Off-Market Deal-Finding Expert, David Lecko (Coming Soon!) David Greene’s Untold Story of 7-Day Workweeks to 7-Figure Net Worth Book Mentioned in the Show Pillars of Wealth by David Greene The Richest Man in Babylon by George S. Clason Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-829 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

DON’T sell your low-cash flow rental property just yet—you could make it a cash cow with one quick strategy switch. At least that’s Rob Abasolo’s advice as he joins David this Sunday for a Seeing Greene episode, where they take questions directly from BiggerPockets listeners, commenters, and reviewers! And even if you don’t have your first rental in the bag, this episode will be worth tuning into. David and Rob discuss whether buying your first property with a fixed vs. adjustable-rate mortgage (ARM) makes more sense with today’s high interest rates. Then, we hear from an investor looking to sell their rentals and move that money into a bigger city with more appreciation potential. The problem? Their rentals are making some serious cash flow. Speaking of cash flow, we hear from an investor who’s got a townhouse that COULD become a rental but would have some meager returns. Is it worth keeping? Tune in to hear answers to all those questions and more! Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: How to turn your low-cash flow rental into a passive income machine  Partnering with family members on a rental and how to split the profits  Fixed-rate mortgages vs. adjustable-rate mortgages (ARMs) and whether the low rate is worth the risk  When to trade your stable, cash-flowing rentals for long-term appreciation in a better market  Why lenders DON’T want you to downgrade to a cheaper primary residence (and how to get around it) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Subscribe to David’s YouTube Channel Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Rental Property Calculator Rent Estimator BiggerPockets Podcast 798 with Alex and Leila Hormozi BiggerPockets Podcast 816 Ask David Your Real Estate Investing Question Fixed-Rate vs. Adjustable Rate Mortgages: What’s the Difference? Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-828 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want a PRACTICAL guide to making six figures in real estate? What about a way to do it in a year or less? That’s precisely what Keith Everett did, trading his sixteen-dollar-an-hour factory job for the potential to make six figures by himself, wholesaling real estate. Keith dropped out of college to work, realizing he made as much at his job as his university professors. After working twelve to sixteen-hour shifts and receiving a ten-cent raise (seriously), Keith knew he needed a way out. Keith purchased a twenty-dollar book on real estate investing and got his first deal soon after. He was flying high, thinking the rest would be easy until the money stopped flowing in, his car got repossessed, his bank account ran low, and his wife was forced to move away for a job that would support the family. This wasn’t Keith’s plan, but he quickly turned things around. Now, Keith runs a real estate business that brings in not just six figures a year but six figures a MONTH. He’s done over 400 deals in the past seven years and went from factory worker to scrappy hustler to CEO. Keith walks through every book he read, course he attended, and skill he learned that took his wealth to the next level. If you follow his practical tips, you could end up right where he is. In This Episode We Cover: How to make six figures a year (or month) by wholesaling real estate Finding your “financial thermostat” and setting it so you save money EVERY month How to fix your credit and the one thing you can do now to boost your score How to go from hustler to CEO and build a business instead of another job  The biggest mistake Keith made when he started making serious money The three things Keith focuses on when doing ANY deal  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Henry's BiggerPockets Profile Henry's Instagram Listen to Henry on The “On The Market” Podcast Wherever You Listen to Podcasts: Spotify Apple Podcasts BiggerPockets Watch Henry on the “On the Market” YouTube Channel CreditStrong Self.inc Book Mentioned in the Show Flip by Nick Ruiz Objections by Jeb Blount Outwitting the Devil by Napoleon Hill Profit First by Mike Michalowicz Rich Dad Poor Dad by Robert Kiyosaki Secrets of the Millionaire Mind by T. Harv Eker The 5 Love Languages by Gary Chapman Traction by Gino Wickman Way of the Wolf by Jordan Belfort You Can’t Teach a Kid to Ride a Bike at a Seminar by David Sandler Connect with Keith: Keith's Instagram Keith's Twitter/X Hustle Implementers Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-827 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The 2023 housing market may be the “toughest real estate market” we’ve ever experienced. But, after this episode, we bet your home offer will get accepted, even during a wild seller’s market, even if you’re not offering the highest bid, and EVEN if this is your first time buying a home. While you may THINK that sellers always choose the “highest and best” offer that comes their way, we have a few experts to prove that that’s rarely the case and how you can win even in an impossible housing market. First-time home buyers and veteran investors alike are feeling the sting from this never-ending sellers market. There are still more buyers than sellers, and bidding wars have come back into fashion. Thankfully, a few quick tips from today’s expert agent, Lindsey Iskierka, and David Greene’s own mortgage broker, Christian Bachelder, can help you win the home you love or your next cash-flowing, equity-boosting investment property.  We’ll walk through the five steps ANYONE (yes, even you) can take to put yourself in the BEST position to make a bid on a property, how your lender can ensure you DON’T get squeezed into paying more, and the biggest mistake new home buyers make that are costing them their dream home. Stick around because once you put these tips into practice, you could have too many accepted offers on your hands. In This Episode We Cover How to get your home offer accepted in 2023, EVEN if you’re not the highest bidder Pre-qualification vs. pre-approval and why you CAN’T mistake the two  Why you MUST call your lender before putting in ANY property offer (save THOUSANDS) The “rate stack” that could lead to a lower mortgage rate or a credit to closing costs  The powerful negotiation tool that could land you tens of thousands at closing  One common “hiccup” you MUST avoid when closing on your next property  And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Have a rental property? What if you could use it to buy even more rentals, build your real estate portfolio, and have a steady stream of passive income flowing into your bank account? On today’s Seeing Greene, one viewer is asking exactly how to do that, and while his strategy could work, it may not be the best move with mortgage rates so high and deal flow so low. So, what would David do instead?  It’s Sunday, so we’re taking listener questions directly from rookies, veteran investors, and those wanting to retire early. In this episode, David pokes holes in the “cash-out refinance to buy a new property” strategy. We also hear from two late starters who want to get a jump on their retirement, a burnt-out property manager looking for the best way to scale, an equity-heavy investor who’s debating buying a rental or lending out his money, and a reviewer who was scammed by the real estate “gurus.”  Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover How to use your home equity to buy more rental properties and build a real estate portfolio How to retire early, build a nest egg, and create cash flow as a late starter Scaling your real estate business and whether you have what it takes to do so The real estate “gurus” who will take your money and run (and telltale signs of a scam) Why quitting your job for real estate isn’t a smart move to make (especially in 2023) Private money lending vs. property investing and which will make you more money  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-825 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jason Lewis made it his life’s goal to hit financial freedom by thirty-five. After watching his family go bankrupt, lose their multi-generational farm, and have to give up their dreams, Jason knew that this was NOT what he wanted his future to look like. Instead, Jason would build a multi-million dollar real estate portfolio. One without high risk, high leverage, or a bank breathing down his neck when things went sideways. A portfolio that would make him MILLIONS in tax-free income, using techniques every average American can repeat. Jason quickly learned the right way to use debt. After securing a loan at the young age of seven, Jason started raising hogs. When he became the Grand Champion for hog raising at his local fair, he was given a check for a couple thousand dollars—MORE than enough for any seven-year-old. This lesson later helped Jason repeat the same strategy, but with real estate, always adding value and ALWAYS paying his debts. Jason’s “opportunistic” way of investing allows him to buy anything and everything that makes money. House hacking, fix and flips, mobile homes, and oil and gas leases are just SOME of the asset classes that Jason has invested in. One of these allowed him to make $1.9 million using a strategy that ANYONE listening to this episode can take advantage of. Want to hear how? Stick around! In This Episode We Cover: The danger of “overleveraging” and how it can ruin your chance at financial freedom House hacking and how to make tax-free millions simply by living in your home Syndication hype and why you should NEVER “fake it till you make it” in real estate Jason’s “No B.S.” advice to find real estate deals WHEREVER you are Partnerships and when it’s a wiser move to fly solo in your investing career  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube House Hacking 101: What It Is and How to Get Started Is Leveraging Really That Risky? The 30-Something’s Guide to Financial Freedom Tune into the “Creative Real Estate Podcast” with Jason Connect with Jason: Jason's BiggerPockets Jason's Facebook Jason's Instagram Jason's LinkedIn Jason's TikTok Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-824 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

What’s the key to paying fewer taxes? A cost segregation study. Never heard of it? Most real estate investors haven’t, but we’re about to unlock a world of tax-free income earning using this specific tool. If you’ve wondered how the wealthy pay such few taxes while owning million-dollar-producing real estate, this is how. In today’s episode, you’ll learn how to use cost segregation, too, so you can keep more money in your pocket. Taxes aren’t everyone’s favorite subject, but paying fewer taxes? You can probably get behind that. We’ve brought on CPA and CFP Mitchell Baldridge to explain how he helps real estate investors, large and small, delete their taxable income and build their real estate portfolios faster. Our own Rob Abasolo uses Mitchell’s team to cut his taxes down by more than six figures! In this episode, we’ll explain what cost segregation is, why so many top real estate investors use it to lower their taxes, when you can (and can’t) use it on your properties, the short-term rental tax “loophole” to take advantage of, AND what happens when you do it wrong. In This Episode We Cover: How to wipe out your income taxes using cost segregation studies Bonus depreciation and writing off your property faster than before Using real estate losses to lower your W2 or business income The short-term rental “loophole” ANYONE can use to reduce their taxable income Carrying over losses and why top real estate investors will NEVER stop buying property Caveats and pitfalls of cost segregation and when it can come back to bite you And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Landlord Tax Loopholes That’ll Help You Pay ZERO Taxes Can a Cost Segregation Study Help You Lower Your Taxes? Connect with Mitchell: Baldridge Financial Better Bookkeeping RE Cost Seg STR Cost Seg Mitchell's Twitter/X Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-823 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

If you know how to use your home equity, you can retire MUCH faster than most Americans. For the majority of homeowners, equity is just something to sit on, not something worth using. But what if you could convert your home equity into rental properties, cash flow, or even more appreciation? Where would you be in a decade if you used your equity to make even more equity in other properties? You could retire early, make more than you’ve ever imagined, and KNOW that your wealth is working FOR you. It’s Sunday, and David remembered to turn his green light on…you know what that means. We’re back with another episode of Seeing Greene, where real estate investors, rookies, and business owners shoot some of their most pressing questions at David. In this show, a young business owner wants to know how to sell (without sounding salesy). Then David describes how to use your home equity to buy even more properties, the best way to pull "wealth" from your rentals, how to retire in ten years, and why no one talks about the “BEAF” strategy of real estate investing.  Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: How to retire in ten years (or less) by investing in rental properties in THESE areas Turning your home equity into more real estate and investor-only loans most don’t know about Extracting the wealth you’ve built without the tax man taking your gains Rental property upgrades that are ALWAYS worth the money (and which to skip) The new “BEAF” real estate investing strategy that says “NO” to cash flow And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Subscribe to David’s YouTube Channel BiggerPockets Podcast 798 with Alex and Leila Hormozi BiggerPockets Podcast 810 with Greg Harden BiggerPockets Podcast 827 with Keith Everett (Coming Soon!) BiggerPockets Podcast 663 with Oren Klaff Book Mentioned in the Show Pillars of Wealth by David Greene The Small and Mighty Investor by Chad Carson SCALE by David Greene Pitch Anything by Oren Klaff Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-822 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

If you listen to this episode, you’ll be able to buy a rental property in the next ninety days. That means by the end of 2023, you could have passive income flowing in and equity building on your behalf. But how do you get there, especially during a tough housing market like we find ourselves in today? Don’t worry; we’ll give you a step-by-step guide on finding, funding, and profiting from rental properties so you can achieve financial freedom. David Greene is financially free because of real estate. He’s been building his rental property portfolio for over a decade, and now, he’s sharing the tricks of the trade with YOU. In this webinar, David will go through the “ninety-day challenge” that helps real estate rookies become rental property investors in less time than EVER before. If you're starting from ZERO and don’t know where to begin, this is THE episode to tune into. Or, if you’ve hit a wall while building your rental portfolio, stick around; we’ll get you to your first (or next) rental in ninety days (or less)!  Ready to start? Sign up for BiggerPockets Pro and use code “PODCHALLENGE23” for 20% off an annual membership plus a copy of Brandon Turner’s The Intention Journal!  In This Episode We Cover: How to buy your first (or next) rental property in ninety days  Analyzing a real estate deal from SCRATCH using the BiggerPockets Rental Property Calculator  The “LAPS System” that will send potential rental properties your way every day! How to finance your rental properties using more than traditional loans  Why you MUST build a real estate portfolio, NOT just buy one rental property  The real estate investing strategies and niches for YOUR financial freedom goals  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Rental Property Calculator Rent Estimator Pro-Exclusive Videos BiggerPockets Bootcamps ListSource Realtor PropStream Zillow   Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-q3-3 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ryan Tseko became a multifamily millionaire by his mid-thirties after giving up his previous career to invest. By the time Ryan was thirty, he already had twenty-one rental units, paid off over six figures in student debt, and used his pilot job to scope out new property markets. Everything was going to plan until a once-in-a-lifetime opportunity presented itself. Ryan left everything and made the jump. But how did Ryan end up in his multi-millionaire position? How did he go from house hacking “crash pads” for pilots to helping manage one of the largest real estate portfolios in the country? A better question—how did a commercial pilot become Grant Cardone’s right-hand man? Ryan’s story is unbelievable, but it’s true. In today’s episode, Ryan will share why he gave up his high-paid job to bust his butt working for Cardone Capital, why Grant Cardone told him to sell his ENTIRE real estate portfolio, and the two-minute deal analysis Ryan does that instantly tells him whether a property is worth pursuing. Ryan proves ANYONE can go from nothing to much more than something—and you can, too! In This Episode We Cover: Becoming a millionaire by your mid-thirties and turning active income into passive income  House hacking, “crash pads,” and how to make money off of your first home Paying off six figures in student debt and why you MUST be frugal at the beginning of your investing career  Millionaire tips from Grant Cardone and what to do when your property ISN’T profiting  The two-minute deal analysis Ryan uses at Cardone Capital EVERY day  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Need a Real Estate Lingo Review? Check Out the BiggerPockets Glossary BiggerPockets Podcast 108 with Grant Cardone BiggerPockets Podcast 250 with Grant Cardone Book Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki Connect with Ryan: Ryan's Instagram Ryan's YouTube Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-821 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Can you start real estate investing in your 40s, 50s, or 60s? We’re here to prove that it’s 100% possible, even if you have zero real estate experience or feel like you’re getting a “late start” to rental properties. You don’t need a lot to begin, and if you have some of the basics down, you can go from zero rental properties to twenty like today’s guest, Kim Woolf Bosler, who started her real estate portfolio at age fifty-six, with six children and twenty grandchildren! But before we get into Kim’s fast-paced property story, we’ll chat with Kyle Mast, the financially-free CFP (certified financial planner) who already achieved financial independence with the help of real estate investing. Kyle is here to help show that even if you don’t have millions of dollars in the bank or rental property experience, you can STILL invest, no matter your age. He’ll talk about where to pull money from, how to increase your income in retirement, home equity, and more! After some solid tips from Kyle, Kim will share her story of going from primary residence owner to building a portfolio of twenty properties in a VERY short amount of time. Now she has the flexibility to live every day as she chooses and use all her extra income to spend time with her BIG family! You can copy Kim’s exact strategy by tuning into today’s episode!  In This Episode We Cover: How to start investing in real estate in your 40s, 50s, or 60s Using your retirement accounts (like 401(k)s) to buy your first rental property Scaling your passive income FAST with out-of-state investment properties Home equity lines of credit (HELOCs) and leveraging yours to invest 1031 exchanges and turning taxable gains into a tax-free “dream house” And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram A Personal Finance Masterclass with Kyle Mast The Late Starter’s Guide to Financial Independence (Even in Your 50s!) RealWealth Connect with Kim: Kim's Facebook Connect with Kyle: Kyle's Twitter/X Kyle's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-820 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

2023’s insurance market is bad. Really bad. “As bad as I’ve ever seen,” says Insurance Office of America’s Robert J. Hamilton. He’s never seen home and multifamily insurance prices as high as today. But, he has good reason to believe that a better insurance market could be upon us soon, especially as prices continue to ramp up and providers get priced out of the market.  If you’re a property owner, there’s a good chance your insurance premium increased significantly in price last year and the year before. After several unprecedented natural disasters, states like Texas, Florida, and California have seen carriers massively raise rates or leave their markets entirely. But why now? And how long will this last? Robert walks us through exactly what’s caused the higher insurance rates, why so many carriers have given up or died out, and “the beginning of a reset” that could be on the horizon. Andrew Cushman, long-time friend of the show and multifamily investor, gives his seven quick tips on finding a better rate and protecting your property if and when disaster strikes. DO NOT analyze another deal before you watch this episode because, by the time you finish, your new insurance rate could ruin the profit potential.  In This Episode We Cover: The wild 2023 insurance crisis explained and why rates have gone up so dramatically The “capacity crunch” forcing insurance carriers to leave risky markets  What’s causing rates to rise and the “reinsurance” problem carriers face  Underwriting your next rental/multifamily and how to properly predict property insurance costs  The safest states/areas to invest in that carriers are flocking to  The “percentage deductible” trap that could bankrupt your deal if you aren’t careful  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Network with Other Investors on the BiggerPockets Forums How to Protect Your Rental from Fires, Floods, Lawsuits, and Liability What Is Rental Property Insurance & Do Landlords Need It? Book Mentioned in the Show: SCALE by David Greene Connect with Andrew: Andrew's BiggerPockets Profile Andrew's LinkedIn Andrew's Website Connect with Robert: Robert's Email Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-819 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Cash flow “machines” is how Mikey Taylor describes his most recent investments. To the non-investors, the numbers seem too good to be true. But Mikey has repeated this system, again and again, to make millions of dollars off of “boring” investments that most investors overlook. What “cash machines” is Mikey referring to, and how do you go from making $800/month to millions of dollars like he did? Mikey has no degree, full-time job, or wealthy parents to hand him an inheritance. At sixteen, Mikey made it his mission to find sponsors for his skateboarding career. What started as a hobby grew into a profession, but Mikey knew it wouldn’t last. After searching for some other income to support him when his career finally ended, Mikey conveniently stumbled upon real estate—and the rest is history. Since ending his skateboarding career, Mikey has built a brewery, invested in multiple BIG multifamily deals, and started buying the “cash machine” properties so many investors WISH they could get their hands on. If you want to know the strategy behind these bold moves and how you can go from barely scraping by to financial mastery, like Mikey, this is THE episode to watch.  In This Episode We Cover The “cash machine” real estate investments only few investors will buy What REAL passive income looks like and how to start building your income streams today Starting a brewery from scratch and selling it for an almost unbelievable profit  The “blue ocean” real estate deals many are too scared to touch  Converting Kmarts into self-storage and how much money Mikey makes off of each  How to avoid lifestyle inflation when you start making big bucks (so you can invest the rest!)  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-818 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Recorded at Spotify Studios LA. Learn more about your ad choices. Visit megaphone.fm/adchoices

Small multifamily properties are one of the EASIEST ways to get into real estate investing. But, your market may be a little too pricey or lack the supply for you to invest in these “slam dunk” deals. So, where do you go? We’ve got two elite agents from the South and Midwest that can help YOU get your next killer deal in metro areas that are seeing STRONG demand, renter growth, and rising rents. To tell us about Chicago, the “we don’t actually love deep dish” city, is Dan Nelson. Dan was recently able to access a “private listing” that was severely underpriced. He brought this deal to a rookie client of his, who ended up making a MASSIVE amount of equity on closing. We’ll also chat with Jodi Gauthier, a Houston-based agent who secured a very lucrative seller-financed deal for her client, who couldn’t get a mortgage anywhere else. You might think these deals are too good to be true, ESPECIALLY in 2023’s housing market. But, we’re here to prove that as long as you’re in the right market, running the right numbers, with the right agent, you too can lock down these “slam dunk” small multifamily deals. In This Episode We Cover: Two housing markets with “slam dunk” small multifamily opportunities Metrics to watch BEFORE you invest in a market and how to know your home will appreciate What to do when you CAN’T find cash flow in your area (and whether or not cash flow is worth it) Seller financing and how to buy properties when you can’t get approved for a loan Questions to ask your agent to see whether or not they TRULY know what they’re doing And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear Our Last “Elite Agent” Show Barbara Corcoran’s Wild Real Estate Tactics You’ll Want to Repeat Book Mentioned in the Show Long-Distance Real Estate Investing by David Greene Connect with Dan: Dan's BiggerPockets Profile Dan's Facebook Dan's Instagram Dan's LinkedIn Dan's TikTok Dan's Website Connect with Jodi: Jodi's BiggerPockets Profile Jodi's Facebook Jodi's Instagram Jodi's LinkedIn Jodi's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-817 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Don’t know how to invest in real estate? If you’ve got $20K (or less) sitting around, there’s a good chance that you could start TODAY. With home prices still sky-high and most Americans under the impression that buying is out of the picture, David Greene comes in to save the day with the “sneaky rental tactic” that can help you start building a real estate portfolio for less than it costs to buy a car! Welcome back to the long-awaited return of Seeing Greene. We’ve taken some of the BEST questions from BiggerPockets listeners just like you and rapid-fired them at David to get his take. In this show, a military couple is looking to start investing but doesn’t know where to begin. A wholesaler wants to buy rentals with a partner but doesn’t know how they should form an LLC. A high-earner debates whether a “luxury house hack” is worth the extra money. Finally, an active-duty family debates selling their homes, and a deputy sheriff wants to know where best to put her leftover cash from a home sale. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover How to invest in real estate with $20K using the “sneaky rental tactic” “Luxury house hacking” and why buying better properties may be worth the lower cash flow Rental property LLCs and whether or not to form one for your future partnerships When to sell your properties and whether or not a housing crash could be on the horizon  The “base hit” rental properties that will make you RICH when you retire  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-816 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Soli Cayetano makes over $10K per month in passive income at age twenty-five by buying the rental properties that most investors actively avoid. These properties are often in overlooked markets that aren’t as attractive as San Diego, Miami, Austin, or Seattle, but they make her as much, if not more, money. The houses Soli buys are often $100K or less, meaning almost any investor reading this could come close to buying one. In three years, Soli turned $50K into a $5M real estate portfolio, enough passive income to support her for life, and an online following constantly finding and funding deals for her. She started building her real estate portfolio right after college when lockdowns took away her chance to make any active income. After reading David Greene’s Long-Distance Real Estate Investing and listening to the Real Estate Rookie podcast, Soli scraped together every dollar she had and bought a Midwest rental that needed serious rehab. Now, a few years later, she and her partners own dozens of rentals across multiple markets. As a result, Soli was able to quit her job, focus entirely on real estate, and achieve ultimate time freedom. But will her cash-flow-first model work out in the long run? David goes head to head with Soli in this episode to debate whether or not these “cheap” markets are a mistake to invest in. In This Episode We Cover: Out-of-state investing and where to buy rental properties for just $100K Expensive properties vs. cheap properties and which will really make you richer  Keeping yourself accountable and why you need to tell people your goals to make them happen Raising private money and how Soli got over 800 private investors through Instagram alone  Real estate partnerships and how to grow your portfolio FAR faster by not going solo The battle of the BRRRRs and a David vs. Soli debate over which markets make the most money  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Listen to The “Real Estate Rookie” Podcast Check Out Soli On the “On The Market” Podcast Books Mentioned in the Show Long-Distance Real Estate Investing by David Greene Connect with Soli Soli's BiggerPockets Profile Soli's Instagram Soli's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-815 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Home prices are about to slowly slump, real estate agents get their listings held for ransom, “deflation” concerns begin to grow, and multibillion-dollar lawsuits could change real estate investing forever. In other news, it’s just another day in the 2023 housing market. Some say the sky is falling, others are optimistic, but what do the equally named yet unequally-haired Daves think will happen? Tune into this BiggerNews to find out! David Greene and Dave Meyer are reviewing some top headlines on today’s real estate market. Whether you love them or not, real estate agents are at the center of this episode as new lawsuits and cybersecurity attacks put their careers at risk. And this is no exaggeration—one of these stories could foreshadow “the beginning of the end” for real estate as we know it, and David has some strong opinions to share. We’ll also touch on how “deflation” could push prices down as the US economy enters shaky territory and what would have to happen for us to realize this notorious economic event. And if you’re ready to buy or sell a home this year, we have good/bad news for you (depending on what you’re doing) as Goldman Sachs releases their newest home price predictions for 2023 and 2024.  In This Episode We Cover: The multibillion-dollar lawsuits that could create HUGE hurdles for first-time home buyers Deflation concerns and whether or not inflation could reverse entirely Home price predictions and why the housing market could fall flat MLS (multiple listing service) cyberattacks that are holding real estate agents hostage Why institutional investors want to END buyer’s agents and take over home buying And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Hear Dave on the “On the Market” Podcast Dave's BiggerPockets Profile Dave's Instagram Home Prices Deflation Cyberattacks Agent Lawsuits New Agent Lawsuits Could Have Profound Effects for Buying and Selling Homes Where America’s Most Accurate Forecaster Sees Home Prices in 2024 Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-814 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investing is changing. Builders aren’t building what buyers and renters want, insurance companies are pulling out of top investing states, and property threats are growing increasingly common. This may sound like doom and gloom to you, but in reality, it’s keeping your competition out of the game, and if you use the advice on today’s show, you could build wealth while most cower in fear. Seeing Greene is back again as David is on to give his time-tested wisdom to every real estate investor on the planet. But he’s got backup. Rob hangs around on this episode, and special guest Dana Bull, the “know when to stop” investor, is here to drop some knowledge bombs. We take viewer questions like whether you should buy one pricey property or a handful of smaller rentals, what to do when a property you’re buying has an illegal ADU (accessory dwelling unit), why insurance companies are leaving states like California, Florida, and Texas, and what’s the BEST property type to buy in today’s market? Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: The real estate “red pill” you must swallow if you want to become wealthy  Why knowing your “why” is overrated, but having THIS goal isn’t The three rules of real estate and why you should NEVER skip any of them Going big vs. small on your first rental property and the “jump-start” plan you’ll need Illegal additions and ADUs and whether or not a home is worth buying with one Insurance problems and why policies are being dropped in high-risk states The one property type you should focus on when buying in 2023 And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Dave's BiggerPockets Profile Dave's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear Our First Episode with Dana BiggerPockets Podcast 795 with Chad “Coach” Carson BiggerPockets Podcast 798 with Alex and Leila Hormozi “This Is The Hardest Property Insurance Market Ever" Connect with Dana: Dana's BiggerPockets Profile Dana's Instagram Dana's LinkedIn Dana's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-813 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jason Lee owns more rental properties than most full-time real estate investors. But, he didn’t do this by investing after the last housing crash, inheriting millions from his parents, or buying a hundred-unit apartment building at once. Actually, Jason seemed like the least likely person to end up as a big earner. He was raised in a household where finances were a constant source of contention, and he only went to college to play sports. Jason’s parents gave him one choice: become a doctor, lawyer, or other high-skilled professional, so he wouldn’t have to struggle like they did. After scraping through pre-med classes, living in the library, and dedicating all his time to school, he thought what every real estate investor thinks, “Maybe this isn’t the right path.” After having a sudden mental breakthrough, Jason knew he couldn’t continue. So what did he do instead? Real estate. He was working (for free) four days a week and going to school two just to level up his skills so that he could finally do what he loved when he graduated. His first deal almost blew up, he almost quit, and he got six figures stolen from him, but Jason is now back on top, only three years after graduating, with a portfolio in the eight figures. How’d he do it so fast? Stick around and find out.  In This Episode We Cover Quitting a (potential) career to focus on what will REALLY build your wealth  How non-stop rejection allowed Jason to become one of the most successful brokers/investors in his area  Why working for free has a far higher ROI than most college students think Investing in an expensive market and why “cash flow” doesn’t matter  How to NOT get scammed by a contractor and signs yours is stealing money  Jason’s “formula for underwriting” and what he looks at most when doing deals  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Dave's BiggerPockets Profile Dave's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-812 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Recorded at Spotify Studios LA. Learn more about your ad choices. Visit megaphone.fm/adchoices

These three real estate investing tools can make you more money in less time and with less effort than ever. Just ask Mark Simpson from Boostly; he used just one of these tools to bring in over six figures in sales, save dozens of hours a week, and reach thousands of prospects instantly. But, as a small investor, will these tools help you build wealth faster? The answer is a resounding YES!  In this episode, we’re going over three types of real estate investing tools that have helped us scale our portfolios and businesses to new heights. And whether you own a rental portfolio, have a few properties, are still looking to buy your first, or run an entire real estate business, these tools can help ANYONE with ANY skill set, no matter what you do or how long you’ve been doing it.  From automatically personalized video messages for prospects to a tool that will design your house for you and automations that make your team faster, many of these tools are free or cost FAR less than traditional methods. Now you can reach out to sellers, redesign a rental, and have tasks automatically assigned at the SAME time while you focus on building your business. In This Episode We Cover How AI (artificial intelligence) is changing the way real estate investors do deals How Mark from Boostly made six figures by sending this “personalized” video to prospects  The “scraper” tool that can save you dozens of hours by automatically grabbing property information  Remodeling and redesigning a rental in MINUTES (even if you have ZERO experience) What to do when/if AI takes over and how to set yourself apart from the “lazy” investors  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Dave's BiggerPockets Profile Dave's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Catch Mark at BPCon 2023 Hear Mark’s Past Episode on Direct Bookings Brivity Cody REImagineHome Remodeled.ai Tavus BiggerPockets Podcast with Alex Hormozi Jesse Vasquez on Airbnb  Robuilt on ChatGPT Connect with Mark: Boostly Website Email for Prompt List   Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-811 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Tom Brady is the GOAT (greatest of all time). But that makes his performance coach, Greg Harden, the GCOAT (greatest coach of all time). Greg has been coaching elite athletes like Tom Brady, Michael Phelps, and Desmond Howard, as well as top executives at some of the most well-known companies in the world. He knows what makes someone successful and, more importantly, what does not. But you’re probably thinking, “What do I have in common with Tom Brady?” Ask yourself a few questions. Do you want a better life? Do you want to win? Do you want to enjoy the time you’re not working? What could life be like without fearing the future? All of these questions are answered by Greg today, and they’re the same questions he’s been answering for decades to help top athletes reach their peak. In today’s show, Greg explains why giving 100%, 100% of the time is the ONLY option for success, how consistency beats skill, why you’re not changing (even though you want to), and how to turn your fear into an eternal fire that will make your life better than it’s ever been before. In This Episode We Cover: The mental secrets that only elite athletes know about How to let go and why your past baggage is self-sabotaging your life Controlling the controllables and how to stop letting life push you around  The real way to relax and why only the best of the best know how to turn off Why fear is more predictable than you think and how to turn anxiety and ego into fuel for your fire  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Dave's BiggerPockets Profile Dave's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube What Tom Brady Can Teach Us About Real Estate Investing 5 Tactics to Overcome Fear and Start Investing NOW! Grab Greg’s New Book, “Stay Sane in an Insane World” Connect with Greg: Greg's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-810 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Recorded at Spotify Studios LA. Learn more about your ad choices. Visit megaphone.fm/adchoices

Just six years ago, Corey Kent was a broke college graduate, renting out half of a room to save money, eating the same meal every day of the week. His dream was to make a living as a musician without selling out. Now, most country music fans know Corey's name and his platinum record speaks for itself. But what you don’t know is that Corey fueled his music career thanks to a handful of properties he bought years ago. Corey’s side project real estate portfolio allowed him to launch his music career, make passive income when times got tough, and fall on his feet when the world was shut down. Corey was looking to invest in property at just seventeen years old, but when a bank turned him away, he had to change his entire mindset and learn the personal finance game from a very early age. After his grandfather taught him the do’s and don’ts of buying raw land, Corey slowly built his real estate portfolio. At this time, Corey was below the poverty line, sleeping in his truck and saving whatever money he could to invest. He continued to buy property, EVEN when times were tight, successfully using his passive income to help him leapfrog into later becoming a chart-topping musician who now can follow his one true passion.  In This Episode We Cover: Investing in real estate when you have low (or no) credit  Buying land and the rule of thumb that Corey ALWAYS follows before he invests  Corey’s “side project” passive real estate portfolio that helps pay for his lifestyle  How one rental property saved Corey’s family when the lockdowns began  Why real estate DOESN’T need to be your passion to build passive income  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Dave's BiggerPockets Profile Dave's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube 12 Ways To Make Passive Income From Real Estate Investing The Risks and Rewards of Investing in Raw Land Is Raw Land the Most Underrated Asset of 2023? Connect with Corey: Corey's Facebook Corey's Instagram Corey's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-809 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investing is about to get much, much easier. Up until now, buying a property has seemed like a guessing game. Your real estate agent, inspector, and title company do their best to ensure you’re buying the right home, but a few months, or weeks, into owning it, something breaks. But not something small—something huge. Now you’re on the hook for tens of thousands in repairs, and this is just one of many things that could go wrong. What if there was a way to see EXACTLY what a home has been through since it was built? What if you could know about every past owner, system malfunction, renovation, repair, or addition to the home? And what if you could access it in seconds when analyzing deals? Sheila Fejeran and Teresa Grobecker from Consortia are building the technology that lets you do just that. Consortia is real estate on the blockchain. But before you start thinking crypto, know that this is something MUCH different. Consortia gives interested parties—lenders, agents, buyers, and more—access to information you would have NEVER known about a home. But that’s not all. Consortia makes closing and lending quicker, so you can buy a house FAR faster than ever imagined. In This Episode We Cover: How the “CARFAX for properties” will make buying rentals painless The blockchain explained and how it will evolve the entire real estate industry Uncovering unknown property risks and how investors can use Consortia to buy even better deals Stopping wire fraud in its tracks and how blockchain could solve this HUGE payment problem Why you should NEVER, ever decline title insurance on a property purchase And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Dave's BiggerPockets Profile Dave's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube 4 Reasons Cryptocurrencies & Blockchain Technology Are Poised to Transform Real Estate Learn More About Consortia Connect with Sheila and Teresa: Sheila's Facebook Sheila's Instagram Sheila's LinkedIn Teresa's Facebook Teresa's Instagram Teresa's LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-808 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to grab the best real estate deals before the rest? The properties with motivated sellers, high-profit potential, equity upside, and BIG cash flow—the real estate deals that every investor dreams about getting. Well, what if we told you that top investors have a tried-and-true way to get them before anyone else and that they do this consistently, every day, every year, while ninety percent of investors are forced to buy their scraps? Of course, we’re talking about funnels. Not the cake you buy at the fair or the thing you use to pour oil—we’re talking about real estate marketing funnels, and if you know how to use them, you can make money at ANY TIME with ANY property. James Dainard and Sam Primm have been using marketing funnels for years to get off-market deals sent their way. But they’ve also used them to get agent business, find property buyers, and build investor lists. So how do they do it? Today you’ll get a masterclass on building your own investing funnel, so you can get the best deals sent to you instead of picking up low-profit on-market properties. This is the same system the TOP investors are using, and if you repeat the steps outlined today, you’ll be able to build a bigger portfolio, create more passive income, and reach financial freedom faster.  In This Episode We Cover: How to find more real estate deals, buyers, sellers, and investors in ANY market The #1 thing you MUST do when creating a real estate marketing funnel  Metrics and KPIs (key performance indicators) to track (so you don’t waste $$) TV ads, direct mail, cold calling, and other funnel sources you can use to grab deals What to do when your funnel is costing you money but not providing the leads you need And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Hear James on The “On The Market” Podcast Wherever You Listen to Podcasts: BiggerPockets Apple Podcasts Spotify Hear Our Last Episode with James and Sam on Finding Off-Market Deals The 6-Step Funnel Needed to Find Unlimited Real Estate Deals Easy Button Leads PropStream Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Connect with James and Sam: James' BiggerPockets Profile James' Instagram James' Website Sam's BiggerPockets Profile Sam's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-807 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Small multifamily investing is one of the fastest ways to reach financial freedom through real estate. With just a few multifamily rental properties, you can create passive income streams that’ll allow you to retire from your W2 job, go full-time into real estate investing, or have enough money to do whatever you want, whenever you want. Don’t think it’s still possible? Dave Meyer, multifamily investor and VP of Data and Analytics at BiggerPockets, may change your mind.  Dave started investing in real estate by buying a couple of small multifamily rentals within a block of each other. He lived in one of the units while renting out the others, allowing him to live for free and collect some sizable cash flow. Now, years later, Dave is collecting around $5,000 per MONTH from just these two properties. And if you invest in small multifamily rentals, you could experience the same cash flow!  If you want to invest like the experts and use the tools and calculators from this episode, sign up for BiggerPockets Pro and use code “FAMILYPOD20” for a discount!  In This Episode We Cover: How to achieve financial freedom by investing in SMALL multifamily real estate The four MAJOR benefits small multifamily boasts and why you’ll want to get in NOW The financial freedom formula and calculating out how much you REALLY need Financing your small multifamily rentals using loans and creative financing  How to use the BiggerPockets Rental Property Calculator to calculate cash flow, cash-on-cash return, and long-term profit  The dangers you MUST look out for before investing in ANY multifamily deal  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Rental Property Calculator Rent Estimator DealMachine ListSource Grab the Small Multifamily Slides and Worksheet: Slides Worksheet Already Pro? Check Out Pro Exclusive Videos! Sign Up for a BiggerPockets Bootcamp Hear Dave on The “On The Market” Podcast Wherever You Listen to Podcasts: BiggerPockets Apple Podcasts Spotify Dave's BiggerPockets Profile Dave's Instagram Book Mentioned in the Show: Real Estate by the Numbers by J Scott & Dave Meyer The Multifamily Millionaire by Brandon Turner Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-q3-1 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to invest in multimillion-dollar multifamily deals? You might think you don’t have what it takes to take down seven or even eight-figure real estate investments, but you’d probably be wrong. Today’s guests went from buying $99,000 rental properties to $11M multifamily apartment complexes while raising young children. So how do you scale from small to large multifamily and do it at a time when asset prices are so high, and competition remains fierce? David Greene is joined by Matt Faircloth, instructor of the BiggerPockets Multifamily Bootcamp and author of Raising Private Capital. If you’re an avid BiggerPockets listener, you’ve probably heard Matt before on our past multifamily episodes. Today, Matt brought two of his students, Breanne Weber and Denise Mayen, to touch on how they went from real estate rookies with a few flips and rentals to chasing $11M multifamily real estate deals.  Breanne and Denise walk through their steps to find, analyze, and raise capital for massive multifamily deals. From finding the right partners to building your team, splitting roles and responsibilities, and chasing deals that seem almost impossible, today’s episode is for ANYONE who wants to level up their real estate portfolio and get into bigger properties with better profits.  In This Episode We Cover: How to go from small to large multifamily investments and why you need to be “adding more zeros” Finding your perfect real estate partner and what they should have that you don’t  Raising private capital for your real estate deals and why it’s not as hard as you think The four real estate “superpowers” your team MUST possess to get big deals done Diving deep into the $11M, 104-unit deal Breanne and Denise got under contract When to walk away from a real estate deal and how to know it’s too much to handle  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Matt's BiggerPockets Profile Derosa Group Sign Up for a BiggerPockets Bootcamp Book Mentioned in the Show: Grab The Revised Edition of “Raising Private Capital” by Matt Faircloth Connect with Breanne & Denise: Breanne's BiggerPockets Profile Denise's BiggerPockets Profile Braid Capital Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-806 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Think every housing market is too expensive to buy in? Think again. We’re going over two of the country’s biggest cash flow housing markets and showing why they may be your next best bet when buying rental property. And while, traditionally, cash flow real estate markets have been associated with constant turnover, low appreciation, and consistent headaches, these two markets defy the odds—if you know where to buy. Peter Stewart, Indianapolis agent and investor, is on today to discuss why his underrated but surprisingly lucrative housing market deserves your dollars. He’s got clients doing BRRRRs, flips, and regular rental properties with crazy cash flow numbers and returns in the triple-digit percentages! Then we talk to Brandon Ribeiro, Philadelphia commercial agent who recently scored his buyer a rock-bottom mortgage rate (3%!) that will double the cash flow on his newest property. Interested in investing in markets like this? Need a local expert to guide you through the buying process? Check out BiggerPockets Agent Finder to connect with an expert agent in your area. It’s completely free, and you’ll get matched with experts who can talk about cash flow, not just granite countertops. In This Episode We Cover: Two cash flow real estate markets with strong signs for buyers  The market metrics you MUST look at before buying in ANY area  The “danger” of investing in cash flow areas and what you MUST avoid when doing so The 130% cash-on-cash return BRRRR that you can buy in THIS market  How to lock down a rock-bottom mortgage rate with seller-financing And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Book Mentioned in the Show: Buy, Rehab, Rent, Refinance, Repeat by David Greene Connect with Brandon & Peter: Brandon's BiggerPockets Profile Brandon's Instagram Brandon's Website Peter's BiggerPockets Profile Peter's Facebook Peter's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-805 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Support the relief efforts for the Maui wildfires by donating to the organizations below or clicking here. Together, we can make a difference for those affected by this tragic event:  HAWAI‘I COMMUNITY FOUNDATION: https://www.hawaiicommunityfoundation.org/maui-strong MAUI UNITED WAY: https://mauiunitedway.org/  MAUI FOOD BANK: https://mauifoodbank.org/  MAUI HUMANE SOCIETY: https://www.mauihumanesociety.org/  RED CROSS: https://www.redcross.org/local/hawaii.html  _____ Real estate investing isn’t what it used to be. Back in 2010, in a post-crash housing market, almost any property in any area could cash flow easily. Back then, the question wasn’t “Where are the deals?” It was “Which deal should I buy?” But things have changed, and now in 2023, homes are hard to purchase, let alone cash flow, and more and more real estate investors are giving up simply because they don’t know the new rules of the game. So, here’s what you NEED to know. Before we unlock every wealth-building secret in the book, let’s welcome back Danny Zapata, Philip Hernandez, and Wendy St. Clair, our recent mentees of the ninety-day mentorship! We brought them back on the show to talk about deals they’ve done, the progress they’ve made, and where they’ve fallen off track. One mentee left their job, another is handling headache evictions, and one had to put a pause on real estate. But now, they’re ALL ready to expand their empires, but they’ll need some advice first. In this episode, David and Rob show you how to get more real estate deals TODAY, why you’re doing meetups all wrong, the reality of cash flow and why “mailbox money” isn’t what it used to be, and what to do when you CAN’T find the momentum to keep growing your wealth. In This Episode We Cover How to find more real estate deals instantly (even in 2023!)  The “reverse escalator” of wealth and why most Americans are getting left behind What to do when you’ve lost momentum along your real estate journey Replacing your job with real estate and the smartest, cheapest way to buy home-run rental properties  Why you MUST sacrifice short-term cash flow for long-term wealth  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Attend a BiggerPockets Meetup BiggerPockets Podcast 708 BiggerPockets Podcast 719 BiggerPockets Podcast 726 BiggerPockets Podcast 738 Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth" Connect with Danny, Philip, And Wendy: Danny's BiggerPockets Profile Danny's Instagram Philip's BiggerPockets Profile Philip's Instagram Philip's Website Wendy's BiggerPockets Profile Wendy's Instagram    Recorded at Spotify Studios LA. Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-804 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to build a million-dollar real estate portfolio? We’ve got good news for you! You DON’T have to rush full-steam ahead, buying every property that crosses your path to reach financial freedom. That’s right, instead of buying dozens of units a year, you can buy a dozen units within a couple of decades, taking the slow, steady path to building wealth instead of ferociously racing to rack up as many rentals as possible. While it may sound like every real estate investor is constantly on a buying spree, this is far from the truth. Investors like Andy Gil have been able to build seven-figure real estate portfolios without sacrificing time with family or infringing on their morals to make more money. Far from it, actually; Andy is outwardly trying to make it easier for often neglected renters to find a safe place to stay. Through the past two decades, Andy has been building his rental property portfolio up to the twelve units it is today. He never thought he would be the person to buy a house, let alone own a rental portfolio. Still, thanks to his differences that make him a superhero in aspects most investors would dread, he’s built serious wealth without sacrificing what’s important. In this episode, you’ll hear precisely how Andy did it, his “T-Rex” policy that entices renters, outsourcing your weaknesses, and using your differences to build wealth. In This Episode We Cover: Andy’s “T-Rex” rental policy that leads to low vacancy and a steady stream of passive income Outsourcing your weaknesses and why you MUST know what you don’t do well Buying a “fractured condo association” and why Andy is all-in on this uncommon asset class Taking obstacles and turning them into opportunities along your investing journey How multifamily real estate investors can prepare for an upcoming wave of vacancies  Why unit count DOESN’T matter, but the wealth in those units does! And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube A Slow, Steady, and Sustainable Way to Buy Rentals The Ultimate Guide to Adding Systems & Outsourcing to Work Less in Real Estate Going Into Multifamily When You’re Fairly New to Real Estate Connect with Andy: Andy's BiggerPockets Profile Andy's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-803 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Codie Sanchez doesn’t believe in passive income but still makes millions of dollars a year with businesses that don’t require her input. To her, building businesses isn’t the “set it and forget it” dream that most investors think it will be, but it sure beats having a job. Codie has built her wealth by buying “boring” businesses that most people overlook. Car washes, laundromats, and self-storage are some of her portfolio favorites, and they could make you a killing too. So, what business should you buy? In today’s episode, Codie goes over the exact type of businesses real estate investors should be looking into, what to do before you even begin your search, and how to hire someone else to run the business so you don’t have to. But you might think, “I have no experience doing ANYTHING like this.” Thankfully, you don’t need to be a former CEO or investing expert to buy profitable boring businesses, but you need something almost everyone has. From there, Codie dives deep into the secret of “talent management” and how to keep great employees around while making them rich, plus the one partnership tip that could stop you from getting scammed and losing hundreds of thousands of dollars (this happened to Codie). Want to buy a business and leave your nine-to-five behind? Tune in! In This Episode We Cover: How to buy a “boring” business that will build wealth for you  The passive income scam and why the money you make comes with a cost Hiring out your business so you can spend time doing what you want The talent management “secret” and how to keep the best employees around for decades The businesses that real estate investors should look at buying  Codie’s rules of thumb that she follows when buying ANY type of business And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Real Estate Podcast 614 BiggerPockets Money Podcast 416 BiggerPockets Business Podcast 105 Buying and Growing a Small Business With Little to No Risk Books Mentioned in the Show: Winning by Tim Grover Connect with Codie: Contrarian Thinking Codie's Instagram Codie's LinkedIn Codie's Twitter Codie's YouTube Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-802 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

No time or money to invest? You need a real estate partnership. What keeps almost every real estate rookie from investing is the fear that they’ll fail or that they don’t have enough to get started. But what if you could join forces with an experienced investor and learn the real estate investing game while gaining equity? Or, what if you’re busy making money from a high-paid job or business and don’t want to manage tenants, toilets, or trash? Well, there’s a good chance a partnership could take your passive income to the next level. To help unlock the world of real estate partnership, Ashley Kehr and Tony Robinson from the Real Estate Rookie podcast join us and give a glimpse into their new book, Real Estate Partnerships. In it, they talk about the four reasons why most investors need a partner, where to find the right person to invest with, the different types of partnerships (equity vs. debt), and red flags that you CAN’T ignore. Both Ashley and Tony have built multimillion-dollar real estate portfolios thanks to partnering up. So, if you’ve tried to go at it alone and aren’t having much luck building wealth, this may be your sign to start searching for a partner who will help you build your rental property portfolio! Grab your copy of Real Estate Partnerships and use code “PARTNER801” at checkout for an exclusive discount. In This Episode We Cover: The four signs that you NEED a partnership to succeed in real estate  The red flags to RUN away from if you see them in a potential partner  Debt partnerships vs. equity partnerships and how the wrong one could kill your deal The partnership agreement and why you MUST sign one before you start investing together  Where to find the perfect real estate partner (they’re closer than you think!) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Grab Your Copy of “Real Estate Partnerships” and Use Code “PARTNER801” at Checkout How to Use the DISC Profile to Communicate Effectively in Business Connect with Ashley & Tony: Ashley Kehr's BiggerPockets Profile Ashley's Instagram Real Estate Rookie Podcast Tony Robinson's BiggerPockets Profile Tony's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-801 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Recorded at Spotify Studios LA. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to be a millionaire? We sat down with Codie Sanchez, Alex and Leila Hormozi, Mikey Taylor, Cody Davis, Christian Osgood, and other multimillionaires and distilled their most critical investing, business, and entrepreneurship advice into one episode. But we couldn’t unleash all this wealth-building content on any old episode, so we packaged it up and made it into our episode 800 special! This time, we’re not just hearing from one successful guest but dozens of them as we get their take on the biggest mistakes, the worst wastes of money, the best advice they’ve ever received, and whether or not you’re too old (or young) to get rich. You’ll hear what’s holding them back today and the one thing they wished they had done earlier that would have made them millions more and saved thousands of hours. Stick around because this episode is a masterclass on making your first (or next) million from investors who are playing the game better than anyone else. Be sure to keep an eye on the BiggerPockets feed, as these full interviews will be released over the next few weeks!  In This Episode We Cover: What you should NEVER ignore if you’re building a rental portfolio or business Why focusing on making money while you’re young is a WASTE of time  The $3,000 purchase that Alex and Leila Hormozi wish they could take back Why you DON’T need money to make millions and an eight-figure mistake you CAN’T repeat Building your systems and processes NOW so you can relax while others work for you Shiny object syndrome and how it’s secretly making you broke  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Connect with The Guest: Alex Hormozi's Instagram Alex's Latest Episode Andrew Cushman's BiggerPockets Profile Andrew's Latest Episode Ashley Kehr's BiggerPockets Profile Ashley's Instagram Real Estate Rookie Podcast Christian Osgood BiggerPockets Profile Christian's Instagram Christian's Latest Episode Codie Sanchez' Instagram Codie's Latest Episode Cody Davis' Instagram Cody's Latest Episode Danny's (Mentee) BiggerPockets Profile Jason Lee's Instagram  Leila Hormozi's Instagram Leila's Latest Episode Mikey Taylor's Instagram Philip's (Mentee) BiggerPockets Profile Soli Cayetano's BiggerPockets Profile Soli's Instagram Tony Robinson's BiggerPockets Profile Tony's Instagram Wendy's (Mentee) BiggerPockets Profile Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-800 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Recorded at Spotify Studios LA. Learn more about your ad choices. Visit megaphone.fm/adchoices

You can build a multifamily real estate portfolio without a ton of money, risk, or time. Cody Davis and Christian Osgood built their multimillion-dollar rental property portfolio in a matter of years, using strategies that ANYONE, no matter their experience level, can use. But, how they do things is a little unconventional and probably goes against everything top real estate investors have been telling you. While the world looked to lock down as much debt as possible during 2020-2021’s low mortgage rates, Cody and Christian sought something else. This dynamic investing duo wanted long-term debt on excellent properties that could be paid off quickly, enabling them to own their portfolio outright. This meant that Cody and Christian would have to sacrifice a substantial amount of cash flow, keep their spending low, and only buy the best properties out there. How Cody and Christian bought the properties is a strategy you most likely haven’t heard of before. It’s so ingenious that if you follow the same steps as Cody and Christian, you’ll be able to get THE best properties, at the best price, from a seller who WANTS you to make money off them. Doesn’t sound possible in such a cutthroat industry, does it? Stick around to learn the EXACT steps Cody and Christian took to build their low-risk, high-reward, eight-figure portfolio. In This Episode We Cover: How Cody and Christian built a 130-unit rental portfolio in just a few years The three simple steps to seller financing and why you NEVER ask if an owner is selling Working with realtors and how to turn on-market deals into off-market steals  Where to find seller-financed properties and owners that are most likely to sell Mortgage rates, bank loans, and how to choose your own terms on your next loan How to NEVER lose your wealth and why most investors are in for a rude awakening And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Podcast 554 with Cody BiggerPockets Podcast 605 with Christian How Cody Davis Acquired 81 Units By The Time He Turned 21 The Definitive Guide to Using Seller Financing to Buy Real Estate Connect with Cody & Christian: Cody's Instagram Christian's Instagram Christian's BiggerPockets Profile YouTube Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-799 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Recorded at Spotify Studios LA. Learn more about your ad choices. Visit megaphone.fm/adchoices

Leila and Alex Hormozi are arguably the most popular business owners on the internet. After growing Gym Launch, one of their first major brands, and selling it for many millions, Leila and Alex knew that they had the secret sauce for building businesses. When someone asked them to use the same strategy for another brand, the idea of Acquisiton.com was born, and the seven, eight, and nine-figure wealth building began. Now, Leila and Alex are running Acqusition.com at a rate that most entrepreneurs couldn’t even fathom. Their monthly revenues alone blow most businesses’ yearly numbers out of the water. And they’re doing it all as husband and wife, with less bickering and a lot more business getting done. Almost every wannabe entrepreneur wants what Leila and Alex have, so what’s their blueprint to success? In this episode, Leila and Alex break down how they’ve built their nine-figure businesses, the secret to scaling your brand and making millions, the do’s and don’ts of working with your spouse, and Alex’s new book, $100M Leads. This is a masterclass in running your business the RIGHT way, and if you want to build multimillion-dollar wealth, you CANNOT miss this episode. In This Episode We Cover: Leila and Alex’s business blueprint and the exact way they build their brands  The secret to scaling and why it’s SO hard to hire the right people  Leila and Alex’s surprisingly simple investing advice that the wealthy follow Working with your spouse and when you should (and shouldn’t) invite your partner to work with you Who you should hire FIRST when building your small business  The eight ways to build eight-figure revenue streams for your business  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear Our Previous Interview with Alex Sign Up for the “$100M Leads” Live Virtual Event Leila on How to go from $0 to MILLIONAIRE Books Mentioned in the Show $100M Offers by Alex Hormozi Connect with Alex: Alex's Instagram Alex's LinkedIn Alex's Twitter Alex's Website Connect with Leila: Leila's Instagram Leila's LinkedIn Leila's Twitter Leila's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-798 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Recorded at Spotify Studios LA. Learn more about your ad choices. Visit megaphone.fm/adchoices

Most people take YEARS to buy their first rental property, but most people aren’t Jenni Vega. Instead of waiting, Jenni bought seven rentals in just three years, with almost unbelievable cash flow on each using what she calls the “golden triangle” method of investing. With this simple framework, Jenni was able to buy undervalued properties in cities that most investors don’t even have on their radar. The properties are cheaper, the profits are bigger, and if you copy Jenni’s method, you, too, can build a six-figure side income stream in just a few years. Surprisingly, Jenni still keeps her day job as a Cutco closing gift saleswoman. In fact, it’s what got her into real estate. After working with dozens of realtors a week, Jenni learned about buy and hold rental property investing. It didn’t take long before she bought her first property in an area most investors would avoid. But, thanks to careful planning and intentional investing, Jenni turned this cheap property into a $50K/year revenue stream. And that was just the start. Now, breaking all the “real estate rules,” Jenni is out to prove that almost any property can become a profitable vacation rental. Whether she’s adding game rooms, "redneck mini golf" courses, or cowboy pools, Jenni has turned lackluster properties into top-performing short-term rentals. If you follow her advice, you can do it too! In This Episode We Cover: The “golden triangle” method that ensures your rental will always be full Breaking the “real estate rules” and why boring locations bring in BIG cash flow Quitting your nine-to-five and why keeping your active income stream may be a better idea Unique amenities that will make your vacation rental stand out in a saturated market  The short-term rental listing tip that could give you a boost in bookings  How to invest in short-term rentals in 2023 (and what to avoid before you start)  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Tony's BiggerPockets Profile Tony's Instagram Tony's YouTube Hear Tony on the “Real Estate Rookie” Podcast Subscribe to the “Real Estate Rookie” YouTube Channel Learn About Tony’s Recent Deal Gone Wrong Books Mentioned in the Show HOLD: How to Find, Buy, and Rent Houses for Wealth by Steve Chader Connect with Jenni: Jenni's BiggerPockets Profile Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-797 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

We’ve got 2024 housing market predictions coming up in this episode. But don’t worry, David and Rob haven’t put their careers on the line to try and guess where home prices will be next year. Instead, we brought the expert panel from On the Market to give their best real estate predictions so David and Rob remain safe in the eyes of our darling listeners. Dave Meyer, host of On the Market and BiggerPockets VP of Data and Analytics, recaps the 2023 housing market and tells us what (and where) to look for as the year’s second half begins. Dave and the expert investor panel will review everything that happened over the past six months in real estate. From home prices correcting and failing to crash to inventory falling back down to historic lows, days on market dwindling, and the “lock-in effect” for homeowners, the 2023 housing market turned out to be nothing we would have expected. But is there hope for rental property owners and real estate investors? To answer that, our guests will give their mortgage rate, recession, and home price predictions. But that’s not all. They’ll also uncover some of the most underrated real estate markets across the nation, all showing strong signs of growth and huge profit potential. Get in before the masses do, and for more up-to-date real estate data, check out On the Market!  In This Episode We Cover: The housing market correction explained and why we never had the crash so many predicted  Inventory updates and why homeowners are too “locked-in” to sell their homes Mortgage rate predictions and where we could see rates end up in 2024  Home price forecasts and why one expert guest still thinks we’ll see sizable price jumps Three “under the radar” real estate markets that you’ve (probably) never heard of  The #1 place to live in the US that has homes for half the US average!  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Listen to The “On The Market” Podcast Wherever You Listen to Podcasts: BiggerPockets Apple Podcasts Spotify Subscribe to the “On the Market” YouTube Channel The BIG Economic Implications of US Bank Failures w/Mark Zandi NW Arkansas Skyline Reports Connect with Dave, Kathy, Henry, & James: Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram Henry's Website James' BiggerPockets Profile James' Instagram James' Website Kathy's BiggerPockets Profile Kathy's Instagram Kathy's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-796 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Rental properties and early retirement go together like peanut butter and jelly. If you want to leave your nine-to-five behind, make six figures, and have ultimate time freedom, real estate investing may be your best bet. But, with so many influencers constantly pushing “more doors,” it seems like real estate is becoming a death race to retirement, not something that grants total financial freedom. If you want to ACTUALLY retire early, with fewer headaches, and a lot of passive income, Chad “Coach” Carson is who you should listen to. For the past year, Chad and his family have been living abroad in Spain. He’s taken time to learn Spanish, lounge around, and have a siesta while his rental properties create his passive income. The best part? Chad spends two hours (yes, TWO) a week running his rental property portfolio. But Chad didn’t need to build a real estate portfolio of a billion units to accomplish his goal of ultimate time flexibility. Instead, he built a “small and mighty” portfolio. In today’s episode, Chad walks through how to build a rental property portfolio that will help you reach financial freedom without owning hundreds of units. He also uncovers why debt and leverage aren’t always the best option and why you should pay off your properties before they’re due! You can learn more about Chad’s exact strategy in his new book, “The Small and Mighty Real Estate Investor.” Use promo code “SMALL795” for a special discount! In This Episode We Cover: How to retire early with rental properties and only work two hours per week When to take profits and when to reinvest in your portfolio Delayed gratification and why you SHOULD take “mini-retirements” on the road to financial freedom The five most commonly believed myths about building a real estate portfolio  Paying off your rentals early and the double benefit of being debt-free And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Podcast Ep 84 BiggerPockets Podcast Ep 141 BiggerPockets Podcast Ep 293 Real Estate Rookie Podcast Ep 306 BiggerPockets Money Podcast Ep 19 Books Mentioned in the Show BRRRR by David Greene Long-Distance Real Estate Investing by David Greene Pick up your copy of “The Small and Mighty Real Estate Investor” and use code “SMALL795” Connect with Chad: Chad's BiggerPockets Profile Chad's Podcast Chad's YouTube Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-795 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is your market worth buying in? With the economy on shaky footing, now ISN’T the time to guess. And once you find your investing area, how do you ensure your rental property will profit? Even in 2023, when cash flow is low, and home prices are high, it doesn’t take long to determine whether a rental is worth your money (or time). And, if you’re still trying to get your FIRST real estate deal, odds are you’re probably spending HOURS finding deals and crunching numbers. So let’s speed up the process.  In this webinar bonus, Dave Meyer, BiggerPockets VP of Data and Analytics and On the Market host, will walk through EXACTLY how to analyze a rental property in minutes, the tools he uses to calculate cash flow, cash on cash return, and more, and how to know whether or not a real estate market is worth investing in. With mortgage rates rising and affordability at historic lows, Dave was STILL able to find a property that produced positive cash flow. So, if Dave can find a deal like this, why can’t you? Stick around to learn how to calculate rental property profits in MINUTES and which markets are worth the money.  Ready to invest? Sign up for BiggerPockets Pro and use code “DEALANALYSIS” for 20% off an annual membership!  In This Episode We Cover: How to analyze a real estate deal in any market, even if you have NO experience  The 2023 housing market and whether or not now is the right time to invest Running a live deal analysis with the BiggerPockets Rental Property Calculator  Picking your real estate market and signs of one you should invest in  The EASIEST way to analyze deals and grow your rental portfolio faster  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Dave’s BiggerPockets Profile Dave’s Instagram Rental Property Calculator  On the Market Podcast How to analyze a rental property Book Mentioned in the Show Real Estate by Numbers by Dave Meyer Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-q3-1 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Creative finance is a home-buying hack that most people don’t know about. If you know what it is and how to use it, you can pick up properties for only a hundred dollars, build your rental portfolio faster than ever, and reach financial freedom in mere years. And in 2023, when the housing market is still hot, and home prices have barely cooled off, creative finance could be the solution to no cash flow and overpriced deals. But before you creatively finance your next rental property, you’ll need to know which strategy to use and when to use it.  Jenn and Joe Delle Fave used creative finance to move from snowy Upstate New York to sunny Florida after escaping soul-crushing work. Jenn, a former teacher, loved her career, and the time she spent with her kids. But Joe was stuck at the car dealership, working late into the night, sacrificing family time to make more money. He knew he needed a way out but didn’t want to give up the financial security of a W2. Everything changed when he had the “light bulb” moment to try creative finance. Now, Jenn and Joe have run a full-time investing business, picking up pristine properties using strategies like seller financing, subject to, or wrap mortgages. They’ve acquired properties for very little down in some of the most competitive neighborhoods in the country, growing wealth WITH the time freedom they desired. Jenn and Joe give invaluable advice on which strategies work for which seller, the easiest way to get leads sent to you, and how you build wealth with real estate faster.  In This Episode We Cover: The EASIEST way to get dozens of off-market properties sent to you EVERY DAY The best creative financing strategies and when to use each Wrap mortgages explained and taking advantage of someone else’s low mortgage rate  Time freedom and the “golden handcuffs” that stop you from accomplishing your dreams The one thing you should ask EVERY seller before you buy a property  Investing with a spouse and the benefits of building a business together And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear Our Recent Episode with Creative Finance Master, Pace Morby What Is Creative Financing And How To Use It In Real Estate Connect with Jenn & Joe: Jenn's BiggerPockets Profile Jenn Instagram Joe Instagram Jenn & Joe's Facebook Group Jenn & Joe's YouTube Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-794 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Don’t know how to analyze a rental property? After this episode, you’ll be a rental property analysis pro, knowing exactly how much money you’ll make on your first, second, or next real estate investment. But don’t worry; you won’t need any complex formulas, dense spreadsheets, or complicated math to calculate how much cash flow you’ll collect from your real estate deal. Instead, you can use the EXACT methods we show to analyze investment properties in minutes, EVEN if you’re a real estate rookie! Wait? Did David and Rob morph into the queen of upstate real estate, Ashley Kehr, and short-term rental/skincare expert, Tony Robinson? Fortunately, David and Rob are safe and sound, and in this episode, Ashley and Tony from the Real Estate Rookie podcast will teach you EXACTLY how to analyze real estate deals in 2023. From long-term to short-term rentals, BRRRR properties, and choosing your real estate market, Ashley and Tony will go through everything you need to ensure your first or next real estate deal is a home run. Our hosts will go step-by-step through analyzing a real estate investing market, signs of one you should invest in, building your “buy box,” analyzing a long-term, short-term, and BRRRR investment property, and how the 2023 housing market has changed. If you’re still waiting to get a rental property under contract, this is the place to start! In This Episode We Cover: How to analyze a rental property, short-term rental, or BRRRR investment from scratch  2023 housing market updates and what you MUST know before buying  Using the BiggerPockets rental property calculators to analyze properties in minutes Where to find insurance prices, property taxes, and other KEY variables  The three things you MUST know before analyzing an Airbnb or vacation rental  Financing your real estate deal and rental property loans you can use to purchase an investment property!  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Ask David Your Real Estate Investing Question Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram BiggerPockets Calculators Used in This Episode: Rental Property BRRRR Rent Estimator Tune into The “Real Estate Rookie” Podcast: Podcast YouTube Grab Tony’s Short-Term Rental Calculator BrightInvestor NeighborhoodScout Policygenius PriceLabs Propstream Investor Shout-Outs: Amy Mahjoory Lattes and Leases Zosia Madden (Rookie Ep 301) Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-793 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to know how to start a business? One that will help you reach financial freedom, find purpose, and give you more opportunity to spend time with your family? Those are the reasons why almost all of us get into real estate investing, and while having a couple of rentals may not sound like a business to you, running your portfolio like a business will have immeasurable effects on your life. But first, you’ll need to know how the pros build businesses. Gary Harper, esteemed business coach, went from a rental property investor shooing away copper thieves to Fortune 500 executive and now teaches other entrepreneurs how to do the same. He knows what it takes to build a successful business, why so many entrepreneurs fail, and how to delegate and eliminate tasks to build a business you enjoy running. Sounds like a dream, right? In this special edition of Seeing Greene, David and Rob will take listener questions on starting a business, building a rental property portfolio, real estate partnerships, and what parents should do when entering the high-stress world of entrepreneurship. You’ll also hear why being fixated on profit could be a BIG mistake. All that and more are coming up in this episode! In This Episode We Cover: Going from employee to entrepreneur and what to focus on when building a business Scaling a busy business and how to start outsourcing and automating tasks you don’t want to do The “coaches” you can’t trust and signs that a mentor ACTUALLY has experience  Real estate partnerships and one of the biggest mistakes you can make when buying a property together  The work-life balance lie and what you should be focusing on instead How parents can balance raising kids and building a real estate portfolio And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Ask David Your Real Estate Investing Question David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube 15 Things Every Newbie Needs to Know About Starting a Business Work-Life Balance Is a Lie — Here’s How to Really Stress Less Grab a Free Leadership Lesson from Gary Connect with Sharper: Sharper's Facebook Sharper's Instagram Sharper's YouTube  Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-792 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to know EXACTLY how to wholesale real estate in 2023? If so, you’re in luck. Today, you’ll get a sneak peek of Jamil Damji’s newest book, How to Wholesale Real Estate. In it, investing expert and On the Market co-host Jamil Damji walks through exactly how to start wholesaling houses, even if you have no money or experience. But it’s not just about collecting checks from work you’ve done yourself; Jamil also teaches how to build a scalable business so you can focus on living life, not flipping contracts. Want to pick up How to Wholesale Real Estate and other BiggerPockets best-selling audiobooks for 50% off? Head to https://www.biggerpockets.com/audiobooks to get your next BiggerPockets audiobook for half the price. Hurry! This sale ONLY lasts 24 hours! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Ask David Your Real Estate Investing Question David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear Jamil On the “On the Market” Podcast Book Mentioned in the Show: How to Wholesale Real Estate by Jamil Damji Wealth without Cash by Pace Morby BRRRR by David Greene Connect with Jamil: Jamil's BiggerPockets Podcast Jamil's Facebook Jamil's Instagram Jamil's YouTube Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-792-5 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Nate Shields and Troy Zimmerman had a straightforward goal: get to one hundred rental units in ten years. Now, near the halfway mark, Nate and Troy have made almost unbelievable progress in a real estate market most investors perceive as radioactive. With overpriced properties everywhere you look, out-of-whack cash flow, and high mortgage rates, will good deals ever come back? Thankfully for Nate and Troy, finding a deal was never the assignment; making a deal was. After going through difficult partnerships in the past, Nate and Troy were hesitant to hop in the game together. But after years of getting to know each other’s strengths and weaknesses, it was only natural for them to tackle big deals together instead of small deals apart. Now, with forty rental units under their belt, they’re well on their way to hitting their hundred-unit goal. But this wouldn’t have worked out if they hadn’t made one special phone call. In this episode, Nate and Troy will review their most recent acquisition, a fourteen-unit apartment complex with tricky financing in northwest Alabama. They’ll also share how calling one desperate listing agent unlocked a deal flow that brought dozens of units directly to them. If you’re struggling to invest in today’s demanding market and don’t think there are any deals worth the effort, this episode could change everything for you. In This Episode We Cover: The “desperate” real estate deals that NOBODY is looking at (and where to find them) Real estate partnerships and why investing together beats going at it alone  Exit strategies and the BIG mistake most partnerships make when getting started  Why you might be just one phone call away from the best real estate deal of your life Seller financing and how to use it to lower your loan costs and get a tricky deal done Raising private capital and who you should (and shouldn’t) accept money from  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Are You an Agent? Work with Nate to Get More Leads! Partnerships: What to Do Before You Jump in With Another Investor Connect with Nate & Troy: Nate's BiggerPockets Profile Nate's Instagram Troy's BiggerPockets Profile Troy's Twitter Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-791 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want a zero percent interest rate and a paid-off seven-figure property? What about a quick fix and flip that’ll net you six figures in profits? Or, maybe buy an office and make nearly half a million dollars while having your own workplace? It’s 2023, and the housing market has turned most real estate investors off. Everyone thinks that deals are impossible to find, but funnily enough, we keep hearing stories about real estate investors making massive profits while residential buyers cower in fear. So, where can you find these deals? We’ve brought back Kim Meredith-Hampton and Victor Steffen from the Tampa/St. Petersburg, Florida, area and the Dallas-Fort Worth, Texas, markets, respectively. Plus, Matthew Nicklin from southern seller’s market, Atlanta, Georgia, joins us as we review real deals from all three markets to show you that no matter the housing market cycle, you can STILL make money in real estate (even in 2023!) We’ll go over six individual deals, from turnkey medium-term rentals selling at zero percent mortgage rates (with seller financing) to easy, instant cash flow deals with perfect tenants in place. But maybe you’re not a buy and hold investor. If so, a couple of flip deals are brought on to show that six-figure profit potential still exists for the right properties. And, we’ll deep dive into one of the agent’s commercial real estate deals that made nearly half a million dollars in equity alone! In This Episode We Cover: Three hot southern housing markets where you can still find real estate deals  Signs of a stable market and why you want to see faster home sales  Seller financing and how to use it to score a rock-bottom mortgage rate on your next rental  How to use private lending to make a killing without getting your hands dirty on a deal “Office hacking” and turning unused space into cash flow and HUGE equity gains  Paying off your property faster and why having little-to-no cash flow may be worth an earlier retirement  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Articles on Atlanta BiggerPockets Articles on Dallas BiggerPockets Articles on Tampa Connect with Kim, Matthew, & Victor: Kim's BiggerPockets Profile Kim's Website Matthew's BiggerPockets Profile Matthew's Website Victor's BiggerPockets Profile Victor's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-790 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate deals are hard to come by in 2023. But, there are still a few overlooked rental markets that most investors aren’t aware of. In times like this, with investors ready to pounce on almost any property and other assets vastly underperforming real estate, you’ll need to think differently if you want to get ahead. Long gone are the days of buying any property in any market and expecting instant cash flow. Now, you’ve got to think like an expert investor and start Seeing Greene! David is back with another Seeing Greene episode as we touch on how investors can find deals in 2023, which markets are worth looking into, why low cash flow isn’t such a bad thing, and how to decide between buying a single-family or a multifamily rental. We’ve also got some trickier-than-usual questions this time, as a seventeen-year-old wants to know where he should invest a $100K inheritance. We’ll also get into the nitty gritty of paying off loans vs. refinancing, where to find distressed properties, and what to do when natural disasters threaten your rental business. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Emerging real estate markets that most investors overlook  Low cash flow and whether a rental is worth buying if it only profits a few hundred dollars a month How to spend a $100K inheritance and why real estate ISN’T the best choice  BRRRR deals and how to find distressed properties that have huge equity potential  Hard and private money loans, interest-only payments, and when to pay off your debt  Single-family homes vs. multifamily and which makes the most money with the lowest down payment  Natural disasters and whether or not it’s worth it to invest in dangerous areas  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Try the BiggerPockets Rent Estimator on Your Next Property Seeing Greene Episode 762 Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth" Books Mentioned in the Show Buy, Rehab, Rent, Refinance, Repeat by David Greene Set for Life by Scott Trench Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-789 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Lamon Woods used an ingenious rental property strategy to go from one house to over one hundred rentals in a small market without using almost any cash. This strategy is so brilliant that most real estate investors assume it doesn’t exist or they can’t use it in their rental property portfolio. Lamon luckily stumbled upon this way to invest, and now, he’s growing his real estate portfolio at a pace unfathomable to most landlords. But Lamon didn’t start as some rental property investing expert. He was making a low income, working a job he had no passion for, and looking for any avenue that could help make him more money. When his wife suggested that they buy the house they were currently renting, Lamon put up a fight but eventually went along with the plan. It wasn’t until he moved out and rented his first home that the real estate investing lightbulb went off. From there, Lamon realized how quickly passive income could replace his paycheck. So, he made it his goal to buy one house a year. The plan was working, but then Lamon realized he could purchase homes without using his own money. In fact, Lamon could take the properties he already owned and use them to grow his rental property portfolio even faster. Now with over one hundred units to his name, Lamon wants to teach other investors (like you) how to do the same! In This Episode We Cover: Lamon’s “infinite return” financing method that’ll let you buy properties with NO money down “Cross collateralization” and how to use properties you already own to build your rental property portfolio Knowing your real estate market and why over-improving will kill your cash flow  Replacing your paycheck with passive income and going from renter to landlord  Getting around your lender's seasoning period and how to use your equity WITHOUT having to wait  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Henry's BiggerPockets Profile Henry's Instagram How to Use Home Equity to Buy Rentals 5 Reasons to Utilize Your Equity & How to Safely Invest It How to Invest in Real Estate with No Money Down (4 Rules You NEED to Follow!) Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth" Connect with Lamon: Lamon's BiggerPockets Lamon's Instagram   Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-788 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Brandon Turner achieved financial independence in his late 20s. For most people, this would be the end of working, investing, or trying to better themselves. But for Brandon, this was only the start. Now a decade later, Brandon is managing close to one billion dollars in real estate, running numerous companies, and dedicating his efforts to eradicating human trafficking while simultaneously setting millions of Americans financially free. Brandon has, in almost every way, won the game of life, and he has five crucial tips to share with us today. Back in the Sea Shed are long-time co-hosts Brandon and David as they travel back in time and revisit the five most important lessons learned on this podcast. These lessons aren’t just crucial in achieving financial independence. When taken to heart and implemented correctly, they will allow you to level up your life, relationships, friendships, and businesses. They will also set you apart from the 99% of people who want success but refuse to go out and get it. From lessons about spilled sewage to podcast recordings gone wrong, designing the life you want to live, and taking ownership when everything starts falling apart, this is an episode you cannot afford to miss. If you want to achieve financial freedom, start living your dream life, and live a life like Brandon, you’ll have to tune in. In This Episode We Cover: The five most important lessons for financial freedom and building a better life Knowing what you want (and going after it) even when fear takes over Pushing past resistance and why pros show up while amateurs sleep in The “crystal clear criteria” that makes buying real estate easier than ever before Building your “vivid vision” and designing a life that you would love to live  Thinking five steps ahead and how future-planning will make you rich  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David BiggerPockets Podcast 447 with Cameron Herald (Vivid Vision) BiggerPockets Podcast 443 with Jim Kwik BiggerPockets Podcast 365 with Jocko Willink BiggerPockets Podcast 457 with Patrick Bet-David BiggerPockets Podcast 217 with Perry Marshall BiggerPockets Podcast 461 with Steven Pressfield Books Mentioned in the Show: The Intention Journal by Brandon Turner  Multifamily Millionaire Volume I by Brandon Turner & Brian Murray The One Thing by Gary Keller Connect with Brandon: Brandon's BiggerPockets Profile Brandon's Instagram Brandon's Podcast Brandon's TikTok Brandon's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-787 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Brandon Turner is back! That’s right, live from the Sea Shed are your beloved BiggerPockets hosts, Brandon and David! Can you feel the bromance brewing through your speakers, or is it just us? David flew out to attend one of Brandon’s recent events and conduct a two-part interview with one of the most popular property investors on the planet! And boy, oh boy, has Brandon been busy! In this episode, David puts Brandon in the hot seat, going through a fire round of top-asked questions to get Brandon’s input on not just real estate but life. You’ll hear Brandon talk about housing market crash prophecies and whether or not he thinks they’ll come true, the struggles he’s facing with today’s intense competition, an unflattering tattoo that may or may not be part of a bet gone wrong, and why humiliation is one of the BEST ways to get you in the zone to WIN. But that’s not all; you’ll hear about how Brandon used social media to build his entire real estate business, why NOW is the time to lock down good debt (and invest!), and why you need to STOP trying to survive and start looking to thrive! Tune in as we take a nostalgic walk down metaphor lane with Brandon and David! In This Episode We Cover: Finding financial freedom and why the everyday struggle to survive is NOT enough Investing in 2023 and whether or not the housing market could be headed for a crash Using social media to raise private capital, find employees, and grow your business Facing humiliation and transforming negative emotions into the fire that propels you forward Why you can’t buy happiness, but you CAN buy an “environment” that makes you happy  An update on Brandon’s bet with InvestorGirlBritt over who will get an embarrassing new tattoo  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David BiggerPokets Real Estate Podcast 92 with Brandon BiggerPockets Real Estate Podcast 365 with Jocko Willink BiggerPockets Real Estate Podcast 401 with Jordan Harbinger Books Mentioned in the Show: Brandon’s Collection BRRRR by David Greene  Set for Life by Scott Trench Connect with Brandon: Brandon's BiggerPockets Profile Brandon's Instagram Brandon's Podcast Brandon's TikTok Brandon's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-786 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to make over a million dollars a year? Real estate may be the best way to get there. Just follow the same steps Dean Rogers took. In just a decade, Dean went from making $65,000 per year to over a million dollars; but the payoff wasn’t instantaneous. After being put in a position that most people would kill to be in, Dean left behind a seven-figure salary, glitz, glamor, fame, and a childhood dream to do something that fulfilled him. He had to start over entirely while his peers made more money than most of us could imagine. Dean took over a ninety-percent pay cut just to enter the tireless, W2 working world that he thought he would excel in. After realizing that hard work and continuous overachieving gets you nothing but a meager pay raise, he knew he had to go in another direction. He stumbled upon a real estate podcast, started investing with no money (seriously!), and grew a small side hustle into a full-on business that pays him as much as only professional athletes make. Dean’s story goes from riches to rags to riches again as he left his dangerous yet high-paying career to live paycheck to paycheck doing something that he knew would pay off Now, he rakes in more money in one year than most Americans make in a decade, controlling his own life, putting his health and family first, and helping new investors, like you, along the way. Want to make your millions? Tune in!  In This Episode We Cover: How Dean does over 100 real estate deals per year and profits seven figures Walking away from a high salary when you know that the career isn’t worth the cash Investing with no money and how to do your first deal without ANY experience Why you should always make this ONE phone call before partnering with anyone Losing six figures on bad deals and red flags that you should look out for Building your “friends with benefits” that all build wealth together And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube How to Become a Millionaire Through Rental Properties How to Get Your First Deal—An Episode For New Investors Why NFL Players Are Buying Real Estate During the Recession Connect with Dean: Dean's BiggerPockets Profile Dean's Instagram Dean's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-785 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

You’ve built a sizable rental property portfolio; now, it’s time to relax. You book a trip to the beach, get on your swimsuit, and are about to head out the door, but then, your tenant calls you. “The toilet is leaking,” “I lost my keys,” “The oven just went out.” Instead of enjoying your vacation, you’re spending hours looking up plumbers, locksmiths, and electricians. You’re juggling phone calls while trying to enjoy your time off. Wasn’t real estate investing supposed to be passive? This is the scenario that most landlords are living in. And it only gets worse the more homes you buy and the more money you make. But, there is a way never to pick up another tenant phone call again while giving your renters the best experience imaginable. All you have to do is build a system like Pasha Maleknia did. Pasha went from 218 tenant phone calls a year to only one by creating and tweaking this passive income system. In today’s episode, he’ll provide the exact steps so you can do it too. Pasha’s system isn’t complex, and most of it can be built for free. There’s no expensive software or complicated formulas to create this rental portfolio system. If you have some time to set aside from your day, you can build something like this in a matter of hours. So, are you ready to trade tenant phone calls for more trips to the beach? If so, stick around! Grab Pasha’s system spreadsheet template here. In This Episode We Cover: The five-step system to turn a nightmare rental portfolio into truly passive income Why you DON’T need to spend a lot of money or time building a rental systems Finding your “why” behind real estate investing and financial freedom How Henry Washington saved over twenty hours immediately by implementing one super simple system The two things you need to build any system quickly and cheaply And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Grab Pasha’s System Spreadsheet Listen to Henry on The “On The Market” Podcast Wherever You Listen to Podcasts: Spotify Apple Podcasts BiggerPockets Henry's BiggerPockets Profile Henry's Instagram Henry's Website Hear Our Full Interview with Pasha 4 Ways Systems Make Landlording Easier, Simpler & More Profitable Connect with Pasha: Pasha's BiggerPockets Profile Pasha's Instagram Pasha's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-784 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Part 3: Struggling to buy in this expensive housing market? In part three of our home buying hacks series with Chris Hutchins (from All the Hacks), you’ll learn why down payments AREN’T as big as you think, why working with a mortgage broker may be the best move to make, what lenders want to see before they pre-approve you, and home insurance tips to make sure you’re protected during a disaster.  In This Episode We Cover: Debt-to-income requirements and what lenders want to see when you apply for a loan Using a mortgage broker vs. a direct lender (and which will get you a better rate) Home insurance 101 and how to protect your property for less money  The math behind buying a house (and why it beats renting in the long run)  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Pick Up Some of David Greene’s Best Selling Books Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Past BiggerPockets Podcast Episodes Mentioned: How to Start with $10K House Hacking Tax Benefits Hear Chris on The "BiggerPockets Money" Podcast “All the Hacks” Episodes Mentioned: Insurance Net Fulfillment Over Net Worth Tune Into the “All the Hacks” Podcast Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth" Connect with Chris Chris email Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-783-3 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Part 2: Knowledge is power, and this is even more true when buying a primary residence or investment property. In part two of our home buying hacks series, we’re back with Chris Hutchins from All the Hacks, as we touch on how to negotiate with a seller, what to look for in a listing, signs that you could score a killer deal, inspections, and the myriad of ways you can get out of a contract IF a home isn’t what you thought. Before you dive headfirst into real estate, tune in for some ESSENTIAL due diligence tips. In This Episode We Cover: Negotiation tactics elite realtors use and why you must know what a “win” is  Getting ahead in a hot housing market and signs of a desperate seller/agent  Home inspections and using yours to get seller credits or to walk away from a bad deal Quick wins you can use at closing for a few hundred (or thousand) dollars in savings  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Pick Up Some of David Greene’s Best Selling Books Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Past BiggerPockets Podcast Episodes Mentioned: How to Start with $10K House Hacking Tax Benefits Hear Chris on The "BiggerPockets Money" Podcast “All the Hacks” Episodes Mentioned: Insurance Net Fulfillment Over Net Worth Tune Into the “All the Hacks” Podcast Connect with Chris Chris email Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-783-2 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Part 1: Buying your first home is a BIG decision. But you don’t need to go into it blind. In part one of this home buying hacks series, we chat with Chris Hutchins from All the Hacks on why buying a house helps you build wealth, how to find a real estate agent that’ll work for you (for free!), and what you MUST look for when searching for your first (or next) home. If you’re a rookie real estate investor or first-time home buyer, this is the place to start!  In This Episode We Cover: How buying real estate will make you wealthy (EVEN if you’re purchasing a primary residence)  The HUGE hidden benefits of buying property that most home buyers completely overlook  Signs of a great real estate agent and the one thing they MUST have  Home buying hacks for the first-time home buyer so you score a better deal  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Pick Up Some of David Greene’s Best Selling Books Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Past BiggerPockets Podcast Episodes Mentioned: How to Start with $10K House Hacking Tax Benefits Hear Chris on The "BiggerPockets Money" Podcast “All the Hacks” Episodes Mentioned: Insurance Net Fulfillment Over Net Worth Tune Into the “All the Hacks” Podcast Connect with Chris Chris email Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-783-1 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The real estate market is crumbling…or is it? According to experienced investors like Jessie Rodriguez, now is one of the best times in recent memory to start building wealth. As a multi-decade house-flipping veteran, Jessie understands how the housing market works. He lost his business, his home, and the majority of his wealth in 2007 but has made it out not only surviving but thriving with a house-flipping business that prints cash. And he knows something that you probably don’t. The past few years have been a bloodbath for flippers. With home prices correcting and buyers fleeing the market, many flippers from years back aren’t around today. But, the tide has started to turn, and buyers are getting back into bidding wars, willing to spend good money on homes that fit their remote-first lifestyle. Jessie and his team are HEAVILY capitalizing on this, and more good news may be on the way. In this episode, Jessie talks about rebuilding his business after losing it all in 2007, why now may be one of the BEST times to start house flipping, key indicators of a market shift that most investors miss, the biggest myth in today’s real estate space, and how Jessie’s team is redeveloping a historic building and turning it into a passive income stream that offers millions in profits. The best part? You can copy Jessie’s strategy to build your own wealth in 2023, so don’t skip this! In This Episode We Cover: Rebuilding your wealth after losing EVERYTHING in a financial crash  The biggest myth of 2023 real estate and why most investors are wasting time  Signs of a housing market shift and the metrics that predict where we’re headed  Finding a mentor and how the right one can put you decades beyond the competition  Redeveloping historic real estate and the unusual deals that are making Jessie a fortune  Building a seven-figure passive income stream, EVEN if you’re new to rentals  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Watch James on the “On The Market” YouTube Channel Hear James on The “On The Market” Podcast Wherever You Listen to Podcasts: Spotify Apple Podcasts BiggerPockets James' BiggerPockets James' Instagram James' Website Books Mentioned in the Show SOLD by David Greene SKILL by David Greene SCALE by David Greene Connect with Jesse Jesse's Instagram   Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-782 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Commercial real estate has been teetering on the edge of crash territory for months now. With banks tightening their funding, forcing investors to refinance at higher rates and occupancy down across multiple sectors, commercial could be crashing very soon. But we aren’t here to prompt fear for real estate investing; instead, we’re presenting some opportunities to build wealth, even when most investors think the sky is falling. To help give us a read on the whole commercial real estate situation is Willy Walker, CEO of Walker & Dunlop, one of the largest commercial real estate finance companies in the nation. Willy knows precisely what’s happening in the industry because he is the industry. As the third largest apartment lender in the US, valued at over $2 billion, Willy’s ability to forecast the commercial real estate market has helped Walker & Dunlop grow to new heights. And he has some news to share. Willy touches on the “pain to come” for commercial real estate, why residential has stayed safe, big investors’ refinancing dilemma, and why banks are pulling out of lending for large assets. With commercial investors needing cash to fund their deals but failing to find it, everyday investors (just like you) could help fill the void and walk away with a sizable profit. If you want to fuel your wealth, not your fear, stick around!   In This Episode We Cover: The impending commercial real estate crash and who’s in danger  Balloon loans, risky refinances, and why high mortgage rates have put investors in a tough spot Residential vs. commercial real estate and why one can fall while the other holds strong Private lending and how you can take advantage of banks pulling back from larger investments  Asset classes that could have the biggest opportunity if a crash hits  US debt and how increasing the debt ceiling will lead to unmanageable consequences  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Pick Up Some of David Greene’s Best Selling Books Dave's BiggerPockets Profile Dave's Instagram Listen to The “On The Market” Podcast Wherever You Listen to Podcasts: BiggerPockets Apple Podcasts Spotify Connect with Willy: The Walker Webcast Willy's Website Willy's YouTube Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-781-5 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Don’t know where to find undervalued rental properties? Thankfully, we’ve got some experts who do. Finding a below-market-value property is much easier than most people think. So, why is it SO difficult for new real estate investors to find deals instead of duds? If you’re scrolling through popular real estate listing sites, hoping you’ll stumble upon the deal of a lifetime, you may be wasting your time. Today, we present four time-tested, easily-implemented ways to find undervalued, off-market real estate so you can build wealth faster. Rob Abasolo (Robuilt) takes the helm on this episode as he welcomes Henry Washington and James Dainard from the On the Market podcast and Sam Primm, expert investor from the St. Louis area. Henry, James, and Sam have collectively bought thousands of off-market properties. Whether they’re buying them to fix and flip, hold as rentals, or wholesale to other investors, the combined knowledge between these three investors is almost incalculable. They’ve done more deals than hundreds of other investors and know what works and, more importantly, what doesn’t. In this episode, you’ll learn EVERYTHING you need to know about finding off-market real estate deals, tactics that are best for beginners vs. experienced investors, which strategies cost the most money and which you can try for FREE, and how you can find your first off-market deal TODAY. These three investors PROVE that buying deals with huge equity upside and instant profit is NOT impossible in 2023; you just need to know where to look! In This Episode We Cover: The medium-term rental strategy explained and how to use it to make 400% more cash flow Short-term rental regulations and why many hosts may need to switch to medium-term stays Best real estate markets for medium-term rentals and signs of low vacancy Unique amenities that will get you CONSTANT business (bikes, cars, grocery delivery, and more!) Rental contracts and how to use hospitals, insurance companies, construction crews, and more to fill up your rental  Whether or not allowing pets in your rental is EVER the right move to make And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram James' Website Hear Henry and James on the “On the Market” Podcast: Spotify, Apple Podcasts, BiggerPockets Stop Looking for Perfect Properties, Search for These Instead Connect with Sam: Sam's BiggerPockets Profile Sam's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-781 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Your real estate cash flow is suffering. Rent growth is slowing, mortgage rates are rising, and property prices are staying put. So where can you find more room to profit with your rental property? The answer is medium-term rentals! Until a couple of years ago, medium-term rentals, also called corporate rentals or traveling nurse rentals, were the sleepy investing strategy that only experienced investors like Jesse Vasquez knew about. But now, they’ve become (arguably) the best rental property on the planet. With medium-term rentals, you can often make four (or more) times the rent than a regular rental. You’ll also have minimal turnover, more professional tenants, and be able to book out your place at a high monthly rate for four, five, or six months at a time. They’re easier to manage than short-term rentals but have substantially more cash flow than long-term rentals. So, how do you get in on this high-cash flow craze? We brought Jesse back to the show for a step-by-step tutorial on starting, running, and profiting with a medium-term rental. He gives in-depth answers on how much it costs to start, the best locations to buy (or rent), how to get the biggest rental contracts from top corporations, amenities guests will expect, and what to charge. If you want to take your rental property from break-even to making bank, this is the strategy for you! In This Episode We Cover: The medium-term rental strategy explained and how to use it to make 400% more cash flow Short-term rental regulations and why many hosts may need to switch to medium-term stays Best real estate markets for medium-term rentals and signs of low vacancy Unique amenities that will get you CONSTANT business (bikes, cars, grocery delivery, and more!) Rental contracts and how to use hospitals, insurance companies, construction crews, and more to fill up your rental  Whether or not allowing pets in your rental is EVER the right move to make And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Pick Up Some of David Greene’s Best Selling Books Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube David’s First Episode Jesse’s Recent Episode Medium-Term Rentals: How to Get BIG Cash Flow Out of Small Properties Book Mentioned in the Show: 30-Day Stay by Zeona McIntyre & Sarah Weaver Connect with Jesse: Jesse's BiggerPockets Jesse's Instagram Jesse's YouTube Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-780 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The key to financial freedom? Work as a pizza delivery driver! Not only will you learn how to handle high-pressure situations, but you might also find your next property on a regular pizza run! At least that’s what Pamela Bardhi did to build her twenty-seven-unit rental property portfolio and reach financial independence in her late twenties! Pamela’s family moved to the United States when she was just five years old, thrusting her into the restaurant business before she realized that real estate was her true passion. Pamela did everything right. She studied hard, got scholarships, worked at internships, and built her own business, but she was still miserable. Working every day of the week, often twelve hours at a time, was eating away at her. She wanted some side income to help her dial back the time spent building her business, but when her first deal turned into a $100,000 profit, the property game was too enticing to resist. Since then, she’s scaled to massive heights and wants you to do the same. With twenty-seven rental units, over one hundred deals done, and a financially free lifestyle by thirty-one, Pamela knows what it takes to build a property portfolio FAST. But she also knows what can make it crumble. Pamela shares her three BIGGEST lessons learned from doing over one hundred deals and how she turned delivering pizzas into a passive income stream that will create generational wealth for her whole family. In This Episode We Cover: How to reach financial independence with rentals in under ten years  The three biggest lessons every real estate investor must learn to NOT get burnt on a deal Passive vs. active income and why the investor life isn’t for everyone  Becoming your own boss and quitting corporate to do what truly fuels you How the right mentor can immensely speed up your road to early retirement  Real estate partnership red flags that’ll lead to you losing money or pulling your hair out  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Pick Up Some of David Greene’s Best Selling Books Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube From DoorDasher to $1.5 MILLION in Real Estate (All at 22 Years Old!) The 30-Something’s Guide to Financial Freedom Flipping Houses: How to Get Started and Everything You Should Know Connect with Pamela: Pamela's BiggerPockets Profile Pamela's Instagram Pamela's LinkedIn Pamela's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-779 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

 If you want to build a rental portfolio, you need to know how to scale the right way. Buying a property every year or two is good, but it won’t give you the financial freedom you desire. However, if you know how to double, triple, or quadruple the amount of real estate you’re acquiring without adding tons of tasks (or stress) to your plate, you could be financially independent faster than you’ve ever thought. This is precisely what Niti Jamdar & Palak Shah did, building a ten-million-dollar real estate portfolio in less than a decade. As two burnt-out corporate workers, Niti and Palak were tired of putting their jobs before their future family. So after having children, they realized it was time to start building something that would help them regain their freedom instead of shackling them to golden handcuffs. With a busy schedule and little time, Niti and Palak were forced to automate, delegate, and systematize their real estate business. And now, you can copy their exact steps. In their newest book, Accelerate Your Real Estate: Build a Hands-Off Rental Portfolio with the SCALE Strategy, Niti and Palak uncover the five-step system to unlock eight-figure wealth. They used this same strategy to build their portfolio with little free time or money to throw at projects. In this episode, they’ll review these five BRRRR-inspired steps, explain why today’s market isn’t what most people think it is, and debunk the myths that’ll stop you from investing. In This Episode We Cover: The five-step “SCALE” system Niti and Palak used to build an eight-figure portfolio  Quitting corporate to find financial freedom, start a family, and build wealth  BRRRRing in 2023 and why the Buy, Rehab, Rent, Refinance, Repeat strategy isn’t dead Investing with high mortgage rates and why inexperienced investors are wrong about them Outsourcing, delegating, and how to run a HUGE portfolio without any employees  Real estate myths that stop you from building wealth (and how to get around them) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Pick Up Some of David Greene’s Best Selling Books Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear Our Past Interview with Palak Book Mentioned in the Show: Accelerate your Real Estate by Palak Shah & Niti Jamdar The Psychology of Money by Morgan Housel Connect with Palak & Niti: Niti's BiggerPockets Palak's BiggerPockets Real Estate Wealth Blueprint on Instagram Palak & Niti's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-778 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Think it’s too late to retire with real estate? Maybe you’re in your forties, fifties, or sixties and have decided that now is the time to put passive income first. With retirement coming up in a couple of decades (or even years), what can you do to build the nest egg that’ll allow you to enjoy your time away from work? Is it even possible to retire with rentals if you didn’t start in your twenties or thirties? For those tired of the traditional route to retirement, stick around! You’ve hit the jackpot on this Seeing Greene show; it’s episode number 777! But, unlike a casino, everything here is free, and we’re NOT asking you to gamble away your life savings. Instead, David will touch on some of the most crucial questions about real estate investing. From building your retirement with rentals to investing in “cheap” out-of-state markets, buying mobile homes as vacation rentals, and why you CAN’T control cash flow, but you can control something MUCH more important. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Turning a $100K high school into a $42K/month apartment complex  What to do when your first flip or real estate deal becomes a huge flop  The smartest way to shoot up your property’s value and boost your neighborhood’s desirability Unbelievable real estate conversion projects and why creative investing often has the most cash flow Raising private capital when doing large deals and why you NEED partners with skills you don’t possess Signs that your real estate agent might be the love of your life  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Try the BiggerPockets Rental Estimator on Your Next Deal BiggerPockets Real Estate Podcast 759 BiggerPockets Real Estate Podcast 771 Book Mentioned in the Show: Long-Distance Real Estate Investing by David Greene   Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-777 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

You’ve heard cash flow stories before, but NOTHING like this. We’ve talked to hundreds of investors that have flipped houses, bought apartment complexes, storage facilities, and more. But a high school? A high school rental property? Surely this has to be a first. If you want to know the pioneer behind this absolutely insane passive income project, look no further than Jesse Wig, who turned a dilapidated high school into a thirty-one-unit apartment building. But before Jesse went on a literal wild ride through this high school, he faced defeats that would stop most investors in their tracks. After making just ten dollars per hour working under a flipper, Jesse tried to do his first deal himself, but things didn’t go to plan. He walked away from his first real estate deal in debt with a massive loss but decided to try again. Jesse learned quickly from his mistakes and started buying rentals in an up-and-coming area right outside of Pittsburgh, Pennsylvania.  Through a brilliant investing tactic that we’ve never heard of before, Jesse was able to catapult and control his rental properties’ values, skyrocketing his personal wealth while bringing up an entire neighborhood with him. Soon after that, he found his off-market high school and, through some savvy partnerships and serious work, turned it into a cash cow unlike anything we’ve ever seen on the show. Jesse is about to school us on the right way to do real estate! In This Episode We Cover Turning a $100K high school into a $42K/month apartment complex  What to do when your first flip or real estate deal becomes a huge flop  The smartest way to shoot up your property’s value and boost your neighborhood’s desirability  Unbelievable real estate conversion projects and why creative investing often has the most cash flow  Raising private capital when doing large deals and why you NEED partners with skills you don’t possess  Signs that your real estate agent might be the love of your life  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-776 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Rent prices have steadily risen for as long as we can remember. But, few of us would have ever expected the unimaginable rent hikes of 2020-2022. With major metros seeing double-digit year-over-year rent percentage bumps, residents were forced to throw a larger chunk of their income toward housing. Now, with higher rent prices than ever before, America has become “rent-burdened,” and a dangerous threshold has been crossed. What’s causing this rise in rents? Are investors to blame? And what’s a solution that could benefit builders, buyers, and renters? We’ve got Lu Chen and Thomas LaSalvia from Moody’s Commercial Real Estate division to give us their findings. Lu and Thomas’s team have been tracking rent prices carefully, logging which cities have seen the most significant price increases, which are becoming increasingly unaffordable, and what can be done about the problem. With a lack of housing supply and inflation eating away Americans’ income, what can everyday investors like us do? Thankfully, there is a solution to this problem that could help curb unaffordability while presenting a profit for investors. Lu and Thomas go over exactly what would have to happen to return to a normalized, affordable housing market and what’s hurting our efforts to get there. Plus, with rents becoming unaffordable for many young Americans, our Dave duo asks, “Is real estate still safe to invest in?” All that and more in this edition of BiggerNews!  In This Episode We Cover America’s “rent-burdened” status and why prices have crossed a critical threshold  Real estate markets that have seen the largest increase in rent over the past three years Luxury housing and how its development is hurting the effort to increase affordable housing  Whether or not investors are to blame for rents skyrocketing  “Inclusionary housing” and how investors can fill the affordable housing need while making a profit  Whether or not real estate is still safe if renters get priced out of the market  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-775 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Buy real estate or face your dollar’s demise. While this may sound like doomsday prophesying or over-bullish investor attitudes towards properties, the fact is that most investors today won’t make it. With inflation raging ahead, home prices double-digit percentages higher than they were a few years ago, and food and energy costs spiking, your cash isn’t safe. The value of your money is burning, and your bank account won’t be able to extinguish the flames. But there is still hope to build wealth. Welcome back to a macroeconomic Seeing Greene episode where David tells you what he really thinks about today’s inflationary economy. If you want to grow your wealth while prices pop off, this is the episode to tune into. But it’s not just CPI rate rants this time; David will also advise on what to do when down payment requirements more than double at the last second, why Midwest “cash flow” markets aren’t what they seem, building vs. buying an ADU (accessory dwelling unit), and when to sell a rental or flip that is bleeding money every month.  Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: What to invest in when inflation is eating away at your hard-earned money  Down payment requirements and what to do when you can’t close with low money down Cash flow vs. appreciation and using “portfolio architecture” to build the BEST portfolio possible Buying vs. building an ADU (accessory dwelling unit) and which will make you wealthier as a result  How to make money on a house flip gone wrong (even if it’s in a rough neighborhood)  Negative equity and whether or not to sell a rental that is losing value What to do with $30K in today’s expensive investing environment  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Hear Dave on the “On the Market” Podcast Subscribe to the “On The Market” YouTube Channel David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Read Up-to-Date Real Estate Articles and News Stories BiggerPockets Podcast 759 You Won’t Believe It. Inflation Finally Peaked—Here’s The Proof Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth" Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-774 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Financial freedom isn’t important until your life flashes before your eyes. When everything could end, thoughts of your partner, children, and family come to mind, and most notably, what you left behind for them. Pasha Maleknia was thrown into a warzone and came within minutes of meeting his end. As he sat, not knowing whether or not he would ever see his wife again, he made a promise to build financial freedom for his family so that if anything happened to him, they would be protected. Pasha kept his promise and is here to share exactly how he got it done. Through chaos, Pasha was given a second chance at building the life he dreamed of, starting a real estate investment portfolio that has grown to a double-digit unit count with close to six figures in expected cash flow. None of what he did was easy, but using his background in coding, systems, and optimizing everything for efficiency, Pasha is building a hands-off real estate empire that will set his whole family financially free. If you’ve struggled to progress with rental properties, do NOT miss out on Pasha’s story. He explains exactly how his “why” forced him to reach financial freedom in only a few years and what he’s doing now to ensure his wealth never stops growing. Don’t wait for it to be too late. Put your life in your hands, and take Pasha’s words to heart. In This Episode We Cover: The near-death experience that forced Pasha to find financial freedom for his family  Building your “income-producing box” that will take care of your family for decades  DIY rehabs and why you DON’T need to know everything before you start investing  Pasha’s killer first rental property and the “surprise” basement that came with it  Using the BRRRR method to quickly multiply your portfolio without much cash needed  How to automate your ENTIRE rental property portfolio so you do nothing  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Hear Dave on the “On the Market” Podcast Subscribe to the “On The Market” YouTube Channel David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Henry's BiggerPockets Profile Henry's Instagram Hear the Latest Episode on Analyzing Real Estate Deals Understand The BRRRR Method in Real Estate – A Beginner’s Guide Books Mentioned in the Show: BRRRR by David Greene The Book on Advanced Tax Strategies by Amanda Han & Matt MacFarland The Book on Estimating Rehab Costs by J Scott Long-Distance Real Estate Investing by David Greene Raising Private Capital by Matt Faircloth Rich Dad Poor Dad by Robert Kiyosaki Connect with Pasha: Pasha's BiggerPockets Pasha's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-773 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investing has changed a LOT over the past few years. For most people getting into rental property investing in the mid-2010s, profitable properties were plentiful, cash flow was almost automatic, and equity was flowing in the tens (if not hundreds) of thousands every year. Unfortunately, this real estate market is long gone. Now, there’s blood in the streets as new investors try to salvage sickly-looking deals that don’t cash flow and come with pathetic-looking profits. And maybe, just maybe, that’s why now is the best time to buy. Make no mistake, real estate investing isn’t easy, and just buying any house WON’T make you rich. But, the 2023 housing market has far more opportunity than most people think, and David Greene, Henry Washington, and Rob Abasolo are here to explain how. These three investors have been gobbling up rental properties as quickly as possible. And even with lower margins, slim cash flow, and limited equity, there is some method to their madness. If NOTHING you’re looking at is cash flowing and almost every home seems overpriced (especially with today’s mortgage rates), this is THE episode to tune into. In it, David, Henry, and Rob will detail how you can “create” a profitable property while the masses sit on the sidelines, as well as go over real, authentic deals they’re doing today to show you it isn’t impossible to invest in 2023.  In This Episode We Cover: How to analyze a real estate deal and what to do if none of the properties show a profit  The 2023 housing market and how things have changed over the past few years Investor expectations and why the times of “get rich quick” are long gone  How to build, buy, or force equity into your rentals so you get rich in the background Simple steps the average investor can do to make their real estate deals work  Renting vs. flipping and which exit to take in a volatile housing market  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Hear Dave on the “On the Market” Podcast Subscribe to the “On The Market” YouTube Channel David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Introduction to Real Estate Investment Analysis How To Analyze A Short-Term Rental In 2023 2023 Housing Market Outlook The Housing Market “Signals” That Predict Where We’re Headed in 2023 Connect with Henry: Henry's BiggerPockets Profile Henry's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-772 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

You’ve been lied to about affordable housing. Most people will either tell you it’s impossible to buy an affordable home or that those buying affordable homes are outright stupid. The term “affordable” has been correlated with inexperienced buyers getting cheap deals on homes, often ending up in trailer parks or something of the sort. But things have changed. Mortgage rates are at decade highs, home prices tower over what everyday workers can afford, and a new age of affordability is upon us—we’re here to unlock it for you. A new forest of David Greenery has sprouted as we welcome Kristina Smallhorn and Rob Abasolo onto this episode of Seeing Greene. Kristina, Louisiana-based realtor, has been fighting for affordability, helping get her clients into creative homes that don’t break the bank. She’s here to dispel all the myths about affordable housing, manufactured homes, modular homes, land investing, and more. We’ll touch on build-to-rent homes and who should NOT be investing in them, green flags to look out for when buying land, and the danger behind new forty-year mortgages. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Affordability in 2023 and how homebuyers can still purchase even with high home prices Modular homes and how these cheaper builds are quickly becoming the high-quality norm Build-to-rent properties and whether or not appreciation is worth the lack of cash flow Red (and green) flags to watch out for when buying land, plus how to know a plot can even be built on The forty-year mortgage explained and why it may be a BAD idea for desperate borrowers Misconceptions about affordable housing and why “mobile homes” aren’t what you think And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Hear Dave on the “On the Market” Podcast Subscribe to the “On The Market” YouTube Channel David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Here are 92 of the Most Affordable Housing Markets in the World Modular Homes Make a Comeback The Harsh Reality About Pre-fab Homes and Why I Won't Ever Buy Them Book Mentioned in the Show: 10 Things You Need To Know About Land by Cheryl Sain Housing For Purpose by Whitney Chaffin Connect with Kristina: Kristina's YouTube Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-771 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Did you know you can invest in real estate using funds you’ve probably forgotten about? For years, you’ve been socking away money into your IRA or 401(k) to ensure an abundant retirement. The problem? You’ve only been able to invest those funds into passive investments like stocks, bonds, and mutual funds. What about the investors who want a more active income stream with bigger tax benefits, more equity upside, and plenty of cash flow? Can you use your retirement accounts to build wealth with real estate? If you ask Kaaren Hall, her answer is a resounding yes. Kaaren saw quickly how the real money was being made in real estate, so she began investing herself, later realizing that she could use her retirement funds to build a real estate portfolio faster. She founded uDirect IRA Services to help other investors build wealth a better way, opening up more options for passive income, so your retirement accounts can grow into the millions. If you want to scale your real estate portfolio but don’t have the cash on hand, this could be your PERFECT option. Kaaren goes over exactly how to use your retirement accounts to invest in real estate, what you can (and definitely can’t) do when investing this way, and how you can start raising capital for your own deal using other people’s retirement funds. This is a $40 trillion untapped opportunity, so don’t miss out! In This Episode We Cover: Tax-free real estate profits and using self-directed IRAs to build your retirement accounts How Kaaren used retirement funds to buy her newest investment property  The self-directed IRA explained and why SO many savvy investors use one  The “layers” of retirement that’ll help you build massive wealth for later in life  Mistakes you can make when using self-directed funds to invest (and how to avoid them) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Hear Dave on the “On the Market” Podcast Subscribe to the “On The Market” YouTube Channel David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Henry's BiggerPockets Profile Henry's Instagram The Self-Directed IRA: What You Should Know About This Wealth-Building Tool How to Invest in Real Estate With a Self-Directed IRA Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth" Book Mentioned in the Show: BRRRR by David Greene Connect with Kaaren: Work with Kaaren   Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-770 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The BRRRR method allows you to buy rental properties faster, smarter, and with far less cash than ever before. It’s one of the most popular real estate investing strategies around, allowing almost anyone to take a small amount of money and turn it into an extensive rental property portfolio. And while this may seem complicated to imagine for the everyday worker or small landlord, BRRRR can change your life and supercharge your wealth, but only if you know how it works. Of course, we have Sir BRRRR himself on the show, David Greene, to describe exactly how the BRRRR method works, what’s changed in 2023, and the signs you have a great BRRRR deal on your hands. Not only that, David will show you where to find the best BRRRR deals, how to analyze your properties BEFORE you buy, and the rules of thumb you should follow to ensure you’re getting the best BRRRR property possible. He’ll also sprinkle in some expert tips that allow you to maximize the value of your property while paying the least out of pocket! Start building wealth with BRRRR today! Get unlimited access to exclusive tools, leases, and more when you sign up for BiggerPockets Pro and use code “BRRRR20” for a special discount.  In This Episode We Cover: How to use the BRRRR strategy to build a rental property portfolio faster  Why SO many investors leverage the BRRRR method when they start investing  Where to find BRRRR deals and the three types of “distress” to watch out for Signs of a good BRRRR and real estate rules of thumb you should follow Using the BiggerPockets BRRRR calculator to analyze your next property  The ONE tool great investors use to scale their portfolios even faster  Cost-saving tips that’ll keep your rehab budget down while boosting the ARV (after repair value) of your BRRRR And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Try the BiggerPockets BRRRR Calculator on Your Next BRRRR Deal Sign Up for a BiggerPockets Bootcamp Connect with Other Investors, Hard Money Lenders, or Attend a Meetup: Forums Lenders Meetups Why the BRRRR Method WON’T Be the Same in 2023 Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth" Books Mentioned in the Show: BRRRR by David Greene Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-769 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to go full-time into real estate investing? In only a few short years, you’ll be able to make millions of dollars, own a mansion on the beach, and ride your gold-plated jet ski into the sunset without ever having to work again…Of course, none of that is true. But, it’s precisely what the online “gurus” have been peddling for years, seductively luring in burnt-out workers by promising unimaginable income without much upfront work. If you REALLY want to build wealth and amass a portfolio of passive-income-producing properties, this is the show for you. We’re back with another Seeing Greene, where David goes hard on the havoc real estate gurus have unleashed. He’s here to tell you the truth about getting rich with real estate and why quitting your job to follow your dreams isn’t always the best choice. But, if you follow David’s advice, you can grow a skillset and investment portfolio that’ll lead you to the promised land of plentiful passive income. In this show, we’ll touch on topics like how to supplement your income to buy more properties, turning your side hustle into a full-time gig, when to quit corporate to pursue your real estate dreams, and how agents can instantly get better at their jobs. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: The truth about going full-time into real estate and why you might want to hold on to your job How to build up enough capital to start investing even on a median salary  Turning your side hustle into a fully-fledged business and how to know you’re ready to make the leap Real estate roles to look for when transitioning out of your job and into real estate full-time What the gurus aren’t telling you about having a career in real estate  Three things that ANY real estate agent or realtor can do to level up their success  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Use the BiggerPockets Calculators to Analyze Properties BiggerPockets Real Estate Podcast 741 BiggerPockets Real Estate Podcast 753 (Tax Ep) Books Mentioned in the Show: SOLD by David Greene SKILL by David Greene SCALE by David Greene Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-768 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The multifamily market is about to buckle. With sellers still riding the highs of 2022, buyers are at a crossroads; keep pursuing deals or wait for the market to go south. And, with mortgage rates rising and short-term financing coming due, many multifamily owners could be forced to sell their properties to the highest bidder. While some of this may sound like speculation, we’ve got a multifamily forecast straight from an expert in the industry, Angie Smith, from Strategic Management Partners. Angie and her company manage 25,000 rental units at a time. Yes, you read that right! For the past decade, Angie has been the go-to manager for top apartment complexes across Georgia, dealing with everything from noisy tenants to in-unit farms and goat grilling operations (seriously). She knows the ins and outs of property management, what makes a good property manager, and why self-managing isn’t always the wisest move. In this episode, Angie gives her take on the 2023 housing market and when she thinks multifamily will start to get shaky, why most investors are wrong about property management, how to choose a property manager, and the questions you should ask ANY management company before you hire them. If you want TRULY passive income through real estate, you DON’T want to manage your rentals alone.  In This Episode We Cover 2023 multifamily market updates and when prices could start to fall Lessons learned from managing 25,000 rental units, plus an INSANE story about an in-unit butchery Third-party property management vs. self-management (and who can handle it)  Three questions to ask ANY property manager before you hire them  “Receivership” and what happens to owners who can’t pay their bills  What you should NOT ask a property manager to do on your behalf  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-767 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Two real estate markets still look like they’ve got room to grow in 2023, even as home prices face downward pressure for high mortgage rates and days on market begin to creep up. Markets like these two exploded in 2020-2022 and are still seeing strong demographic signs that more growth could be on the way. But, as two markets that have witnessed some of the most dramatic price appreciation in history, is now a worthwhile time to invest? In this episode, we’re doing a market deep dive into two hot housing markets, Tampa, Florida, and Dallas, Texas. These two metro areas saw population booms like never before, shooting their home prices high and keeping competition hot, even as rates rise. But are these two markets starting to see a slowdown in 2023, or are there surefire signs that another wave of buyer activity is about to take place? With so many Americans moving to Texas and Florida, could this be the appreciation play of a lifetime? We’re joined by Kim Meredith-Hampton and Victor Steffen, realtors in the Tampa and Dallas areas, respectively, to talk with David Greene and Dave Meyer about the potential of these two property markets. They’ll touch on how to find cash flow even with high home prices, the strategies they’re using today to lock in wealth-building buys for their clients, and why the days of bidding wars and buyer ferocity may be far from over. In This Episode We Cover: Updates on the Tampa and Dallas markets and whether or not there are still opportunities to buy Florida cash flow and whether or not the sunshine state has been tapped out of passive income  The Texas “BEAF” strategy wealthy investors are using to buy better properties  Short-term rental risk and regulations and what to do if your BnB gets banned  Out-of-state investing and which investors should put money into these property markets Mortgage rate impacts and what high home costs have done to buyer competition  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Hear Dave on the “On the Market” Podcast Subscribe to the “On The Market” YouTube Channel David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Dave's BiggerPockets Profile Dave's Instagram Catch Up on The BiggerPockets Blog Articles Check Out Dave’s Dallas and Tampa Articles: Dallas Tampa Books Mentioned in the Show: Real Estate by Numbers by Dave Meyer  Connect with Kim and Victor: Kim's BiggerPockets Profile Kim's Email Victor's BiggerPockets Profile Victor's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-766 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investing was never meant to be easy, but there are a few ways you can get started without putting a ton of your money or time at risk. Most real estate investors go gung-ho from the start, buying as many cheap rental properties as possible, only later to realize their mistake. But here’s the thing; you don’t need to invest in sketchy markets or buy dirt-cheap rentals to make money, you just need a bit of creativity if you want to get ahead. On this episode of Seeing Greene, we’re taking you through a plethora of investing strategies. We talk about how to invest in real estate when at the tail end of your career, whether to convert your garage into a rental or buy an out-of-state investment, the true cost of holding onto a risky rental property, and why your “cash flow” numbers probably aren’t what they seem. And, if you’re a young investor thinking of skipping college to dive head-first into real estate, you may want to hear David’s advice before you make that move. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: House hacking in an expensive market vs. buying an out-of-state rental  Garage conversions and the surprising profits of turning storage space into a rental unit Going to college vs. becoming an agent and why you don’t have to choose between the two The low-risk way to begin real estate investing (even if you’re starting late!) How many bank accounts you REALLY need when running a rental portfolio When to give up on a risky rental property that has high expenses 1031 exchanges explained and how to dodge taxes when buying a new property And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Out-of-State Investing: The Good and the Bad Episode Seeing Greene 747 Book Mentioned in the Show: Long-Distance Real Estate Investing by David Greene The Multifamily Millionaire Volume I by Brandon Turner & Brian Murray The Multifamily Millionaire Volume II by Brandon Turner & Brian Murray   Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-765 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

For real estate investors, passive income is almost always the goal. You may be making good money at your job, but the long days, longer nights, lack of sleep, and limited time off is probably leaving you feeling fatigued. This is exactly how Brittany Swait felt after a severe diagnosis put her life in danger. She was working harder than ever, but the time with her family was slowly slipping away. That was until she started investing. Brittany was able to build a fifty-nine-unit rental property portfolio in just three years. These properties bring in a staggering $200,000 per year passive paycheck, allowing Brittany to focus on her family, not take tasks from a boss. But this portfolio wasn’t easy to build, even though it happened quickly. Brittany had to learn the BRRRR method, take considerable risks (like draining her retirement accounts), and put herself in an entirely new position. Now, just a few years later, Brittany is building her rental property portfolio at a fast pace, but she loves every minute of it. In this episode, she’ll walk through the exact strategy she uses to make such high cash flow, her five tips for remodeling and renovating that will save you TONS of time, and how she’s been able to pull her cash out of the deals she’s doing. If you want to scale your real estate portfolio, Brittany is the person to listen to.   In This Episode We Cover: The one skill that allowed Brittany to scale from zero to fifty-nine rentals in three years Medium-term rental investing and how to triple your rent with one strategic move Using Facebook to find off-market deals and the one factor that matters MUCH more than you’d think How to estimate rehab costs and five tips you MUST follow when doing a renovation  BRRRRing in 2023 and how to get around the one-year seasoning requirement for a cash-out refinance  Being more than your job and how to build a life that YOU are in control of  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear Our Episode with Rick Morin on Making $300K/Year with 11 Rental Properties Medium-Term Rentals: How to Get BIG Cash Flow Out of Small Properties Book Mentioned in the Show: BRRRR by David Greene Connect with Brittany: Brittany's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-764 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Barbara Corcoran understands real estate arguably better than anyone else. And while most of us know her from Shark Tank, Barbara swims in a league of her own as one of the most successful real estate investors and brokers in New York City. She knows the up-and-coming areas, the overpriced hipster neighborhoods, the streets to stray away from, and which will make you rich when owning real estate. And while Barbara has made a killing, she’s done it in a way foreign to almost any other real estate investor. If you want to know the “formula” for making a fortune, this is the episode to tune into. In it, Barbara uncovers the exact way she finds the hottest rental markets before anyone else, why she consistently overpays for properties, the reason you should partner on almost EVERY deal you do, and why small-time investors are MUCH more likely to succeed than the big players. Not only that, but Barbara also shares her past failures and why falling flat on her face was what she needed to see great success. She talks about her infamous word-of-mouth campaign that sold out an eighty-unit apartment complex in hours, the “Corcoran Report” that landed her on the front page of The New York Times, and why you MUST talk to waiters whenever investing in a new area.  In This Episode We Cover: Barbara’s investing formula that will make you a FORTUNE (if you take the risk!) A terrible first real estate investment and a crucial finding Barbara learned from failing Overpaying for properties and why savvy investors don’t worry about the purchase price Cash-out refinances and why Barbara is ALWAYS taking money out of her properties Almost unbelievable marketing moves that Barbara made to boost her business Whether or not buying with today’s “high” mortgage rates is a mistake Why taking a night drive could be your key to finding the best real estate markets  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Barbara Corcoran’s Top 5 Tips for Winning During a Market Downturn 3 Rules for Crushing It in Business w/Barbara Corcoran Connect with Barbara: Barbara's Instagram Barbara's Podcast Barbara's Twitter Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-763 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The US dollar could be ousted as the world’s reserve currency as more and more countries move away from using a dollar-backed standard for trade. This could lead to an economic domino effect causing more inflation and a difficult domestic economy. But what will this do to the housing market? How will investors be affected, and will this global move put downward pressure on the US economy? Welcome back to another Seeing Greene where your “this is just my opinion” host, David Greene, shares his take on economics, lending, investing, and where to find cash flow in 2023. This time around, David touches on topics like flipping vs. BRRRRing and which makes more sense with high mortgage rates, why using a HELOC to invest in real estate could be risky, what to do when your rental won’t cash flow, and how to turn a troublesome rental into a fully-occupied cash cow. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Why the US dollar is in danger and what it means for real estate investing  BRRRRing vs. flipping and what to do when high interest rates are eating your cash flow Using a HELOC to fund your down payment and the danger of doing so in 2023 How to get pre-approved for a mortgage as a self-employed individual  What to do when your rental property is losing money, and where to invest IF you sell it Real estate side hustles and how to learn while earning some extra income  How to increase occupancy when your rental property isn’t getting tenants  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David BiggerPockets Lenders BiggerPockets Webinars Seeing Greene 750 Jessie Dillon on The “Real Estate Rookie” Podcast Joe Asamoah’s Section 8 Rentals Proof That David Greene Has Legs! Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth" Books Mentioned in the Show: BRRRR by David Greene Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-762 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

How do you go from absolute poverty to passive income in a short amount of time? What if you were raised on the other side of the world, where even a basic education had to be fought for, and every opportunity was a constant struggle? This is the real story of Yamundow Camara, who went from sleeping on a dirt floor in a small village of Gambia to making a million dollars per year thanks to real estate. Yamundow grew up in an environment foreign to many of us. When her parents passed away in her youth, she was forced to live with relatives that treated her as a nuisance, not someone worth nurturing. She slept on the floor of her family’s home and was sometimes lucky enough to have a cardboard box as a mattress. She was set to be wed in her early teenage years, but thanks to her drive, determination, and pleading of her aunts, Yamundow was given a chance to go to high school and college and later immigrate to the US. From there, Yamundow put success as her sole focus. She not only academically overachieved, but was able to do an INCREDIBLE amount of investing with almost no money, no credit score, and no experience in the industry. She now sits on over thirty rental units, with a monthly income that rivals most Americans’ yearly salaries. Yamundow has one of the most incredible stories we’ve ever shared on the podcast, and you’ll have to tune in to hear her unimaginable path to success. In This Episode We Cover: How Yamundow went from complete poverty to making $80,000 in cash flow a month  Putting education first and the true value of hard work and perseverance  Investing with NO credit score and VERY little money and how to find banks that will lend to you Working two jobs and why increasing your income is ESSENTIAL to building wealth Out-of-state real estate investing and what to do when your local market is too expensive How to find (and keep) quality contractors, property managers, and other team members Using the BiggerPockets Rental Property Calculators to make sure a deal is worth doing And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Rental Property Calculator 3 Ways to Invest in Real Estate With Little to No Credit From Extreme Poverty to DIY Wealth and 2 Full-Time Incomes Books Mentioned in the Show: BRRRR by David Greene Long-Distance Real Estate Investing by David Greene SCALE by David Greene Connect with Yamundow: Yamundow's BiggerPockets Profile Yamundow's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-761 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Has housing market hysteria returned? For a few months, homebuyers took a sigh of relief as competition stayed low, prices began to drop, and the real estate market returned to reality. But it seems like the days of sweet deals and plenty of showings are now behind us as homebuyers are jumping back into the market. So what’s causing this housing market madness to refuel, and are we returning to 2020-2022’s crazy competition? In this BiggerNews update, David Greene and Dave Meyer discuss some top headlines affecting the housing market in 2023. First, they’ll get into the nitty gritty of new inflation data and why prices are still high even after some good news. Next, they’ll talk about the newest real estate recovery and give their spring 2023 housing market predictions on whether or not home prices could rise and competition could return. Then, a debate over how the US dollar could be replaced as the world’s reserve currency and which countries are out to take its place. Plus, if you’ve been waiting to get your hands on a new short-term rental property, you could be in luck. Recent data points to a stark shift in vacation home demand as the vacation rental market gets saturated and work from home starts to level off.  If you want up-to-date data on everything happening in the housing market and beyond, tune in and grab Dave’s FREE Q2 real estate report!  In This Episode We Cover: Housing market hysteria and what’s causing homebuyers to jump back into the bidding wars Inflation updates and how close we are to returning to the golden 2% inflation rate Vacation home demand drop-off and what’s causing buyers to ditch their dreams of a beach house De-dollarization, the war against the USD, and which countries are dropping the dollar Real estate price predictions and whether or not we’ll see the yearly price run-up during spring/summer Dave’s FREE Q2 housing market report (and where to get it) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Dave's BiggerPockets Profile Dave's Instagram Grab The Q2 2023 Housing Market Report Hear the “On the Market” Episode About De-Dollarization Has the Housing Market Already Bottomed? Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-760 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

A rental property doesn’t need to be brand new, have the best amenities, or offer 24/7 property management to do well. An older home can out-cash-flow a new build with one specific factor. So, what is THE key to having a profitable rental property, and why do so many rookie real estate investors not pay attention to it? Tune in, and find out on this week’s episode of Seeing Greene! We’re back with your “I finally remembered to turn on the green light!” host, David Greene. This time around, David is taking questions from all levels of real estate investors. Questions like what to do when your HELOC (home equity line of credit) rate is about to skyrocket, how fast to scale your rental portfolio, whether new homes are worth it as rentals, and how to turn a couple of rental properties into a real estate retirement plan. We even get a quick cameo from tax expert Tom Wheelwright on how to avoid taxes the next time you’re selling a rental! Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: The SINGLE most crucial rental property factor that investors often overlook What to do when mortgage rates rise and your HELOC rate is about to readjust  Scaling your real estate portfolio and when you’re going TOO big  How to AVOID taxes when you sell a rental (and what to do if you’ve already sold) New homes vs. existing inventory and whether a new build makes a better rental  How to build a retirement plan with only a couple of rental properties  Pulling profits from a rental property in a trust (and the implications of doing so) And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent Lender Finder BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Why the BRRRR Method WON’T Be the Same in 2023 Rich Dad’s CPA on How ANY Investor Can Avoid Taxes in 2022 8 Ways to Use Rental Properties to Create Retirement Income Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth"   Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-759 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate vs. stocks. Cash flow vs. consistent dividends. Equity vs. price-to-earnings. If you’re reading this right now, chances are that you’re more of a real estate investor than a stock picker. But maybe you’re on the wrong side. Does the passivity of stock investing beat buying properties? Or do things like depreciation, tax write-offs, and the ability to use leverage while having tangible assets take the cake when it comes to the stock vs. real estate debate? And what about investing in 2023 as the economy continues to falter?  We brought on return guest, stock investing expert, and host of We Study Billionaires, Trey Lockerbie, to put him head-to-head against some of the most famous names in real estate podcasting. Rob Abasolo emcees this battle of investment strategies as Dave Meyer and Henry Washington bring in the housing heat. And while no physical jabs are thrown, Trey and our real estate investing experts put these two popular asset classes head-to-head to see which is a better bet for today’s investors. And if you’re trying to scoop up deals at a discount, we touch on whether stocks or real estate are better bets during a recession, which comes out on top, and the risks you MUST know about before investing in either asset class. So, if you’ve got some cash burning a hole in your pocket and don’t know what to do with it, we may have the exact answers you need!  In This Episode We Cover: Stocks vs. real estate and which asset class has better returns over time  Volatility, risk, and which types of investments could put you in the MOST danger  Investing during a recession and whether or not real estate or stocks have reached their bottom Investing in bonds and why it may be a smarter move than you think in 2023 How to identify your “risk profile” so you can invest with MUCH less stress  Bitcoin, farmland, and other alternative assets that our guests would invest in  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent Lender Finder BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear Dave and Henry On the “On the Market” Podcast: BiggerPockets Apple Podcasts Spotify Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram Henry's Website BiggerPockets Podcast 646 with Trey Real Estate Vs. Stocks: What 145 Years Of Returns Tells Us Connect with Trey: Better Booch Trey's Twitter We Study Billionaires Podcast The Investor’s Podcast Network Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-758 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

When you think of creative finance, you think of Pace Morby. He didn’t invent creative finance, seller financing, or subject to investing. Instead, he perfected it, buying deals often with zero dollars down, low (or no) interest, and with terms any investor would dream of. But maybe you don’t know what creative finance is. Maybe the terms “seller financing” or “subject to” have never been mentioned to you before. As Pace describes in this episode, this industry-wide ignorance of creative finance is by design and keeps you from building wealth. To Pace, creative finance is the ultimate key to building a big rental property portfolio. But most sellers, buyers, and real estate agents don’t know about it. Describe creative finance to a regular realtor, and you’ll get laughed out of the listing. But, bring it up to a buyer, and suddenly everything changes. Don’t believe us? Pace brings up numerous examples in today’s show of how he was able to get real estate deals done that agents and realtors alike thought impossible. In this episode, you’ll get a complete intro to creative finance. Pace runs through the definitions, how each strategy works, why NOBODY talks about creative financing, and how YOU can start investing today (yes, TODAY!) with zero dollars out of your pocket and even with limited experience. Ready to start your rental portfolio? Tune in and get your copy of Pace’s new book, Wealth without Cash, today!  In This Episode We Cover: How Pace Morby buys multifamily real estate for NO MONEY out of pocket  Pace’s new BiggerPockets book that’ll help you get your first creative finance deal done  Seller financing explained and using it when a seller won’t budge on purchase price  The “subject to” strategy and how to lock in a rock-bottom mortgage rate even in 2023 Underwriting a real estate deal and seller lies that can often trick an inexperienced buyer Tax benefits of creative financing and how it makes a win-win for you and a buyer  The risks of subject to and seller financing and how to EASILY avoid them  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Boost Your Knowledge with Pace’s Creative Financing Bootcamp BiggerPockets Podcast 527: 300 Doors, 100% Creative Financing Real Estate Rookie Podcast 236: Creative Financing 101 with No Cash, Credit, or Credentials Real Estate Rookie Podcast 280: How to Buy a Rental Property with NO Money OR Credit Rob and Pace’s Recent Collab Books Mentioned in the Show: Wealth without Cash by Pace Morby Connect with Pace: Pace's BiggerPockets Profile Pace's Instagram Pace's YouTube   Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-757 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate cash flow is why most investors decide to buy rental properties. But with interest rates at decade-long highs, rents starting to stagnate, and home prices still in unaffordable territory, making cash flow, or breaking even for that matter, has become challenging. And while the “golden age” of cash flow real estate investing might be over, there are still numerous ways to bring in more passive income on properties you already own. We’re back for another Seeing Greene, where your favorite investor, broker, and “definitely not a loan expert,” David Greene, is back to answer YOUR real estate investing questions. This time around, we’ve got some serious questions about which rental properties are worth buying, how to get around zoning headaches, whether building an ADU is worth the money, and whether or not now is the right time to sell a high-equity property. David also touches on the EASIEST way to increase your cash flow in 2023 and the investing method that EVERY investor should focus on. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: How to “supercharge” your real estate cash flow by looking for money in places most investors avoid Zoning requirements and how to get around them by building ADUs or making some simple rental property tweaks Investing out of state and whether selling your primary residence to buy rentals is ever worth it How to start and structure a real estate partnership (and why David invests solo) Building an ADU vs. buying a rental property and which is a MUCH safer bet When to sell vs. hold a rental property (even if you have HUGE equity gains) And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Work with David’s Mortgage Team Try the BiggerPockets Rent Estimator on Your Next Property Is Building an Accessory Dwelling Unit (ADU) a Worthwhile Investment? Books Mentioned in the Show: Long-Distance Real Estate Investing by David Greene Connect with Guest Cristian: Cristian's BiggerPockets Profile Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-756 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Most people buy rental properties on purpose, but most people aren’t Rick Morin. Rick is what we would call an “accidental investor.” He has been able to build a home-run housing portfolio by slowly, steadily investing whenever he had the chance. The best part? In the beginning, Rick had no idea that what he was doing was real estate investing. He was stunned when he bought his first home, which ended up paying for itself entirely. Fast forward a couple of decades, and Rick is sitting pretty with $285,000/year in passive income, a $3,000,000 portfolio, and the financial freedom most Americans won’t achieve until their 60s. So how did a barber, growing up in an impoverished household, go from making $12 a haircut to pulling in over $200,000 per year in pure cash flow? It’s simple: buy right, buy consistently, and trust your gut. Rick has done flips with car-sized holes in the roof, gone over budget and timeline, and made up his own comps, but at the end of the day, all the deals he’s done have led to him holding this massive real estate portfolio. And while he’s nothing short of an investing genius, his process for evaluating and doing deals is NOT complex. You don’t need a degree, a large inheritance, or any experience to repeat Rick’s system. If you’re trying to build wealth in the background, leave a legacy for your kids, grandkids, great-grandkids, and everyone else down the line while focusing on doing what you love, tune into this episode. Rick has wealth-building advice that ANY investor can benefit from hearing.  This Show Sponsored By Take your business to the next level with Left Main: the #1 CRM for Real Estate Professionals, built on Salesforce. Go to leftmainrei.com/biggerpockets to learn more. In This Episode We Cover: Turning $12 haircuts into a $3,000,000 real estate portfolio  How Rick used “house hacking” to accidentally start investing in real estate  House flipping and how to use short-term profits to pay for long-term rental properties  Leaving a legacy, building generational wealth, and escaping poverty  Where to find off-market deals and using Facebook, friends, and clients to get DEEPLY discounted properties  Short-term rental investing and the secret tip a top tourist group CEO gave Rick  Why building wealth slowly will make you richer than speeding your way to financial freedom  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter House Hacking 101: What It Is and How to Get Started How to Easily Find Off-Market Properties The Plight of an Accidental Landlord Flipping Houses: How to Get Started and Everything You Should Know Connect with Rick: Rick's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-755 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ready to buy your first rental property in 2023? If you’re going to reach financial independence, retire early, and own your time, you better get started. But you can’t build a rental property portfolio without buying your first, second, or third deal. So, how do you go from real estate zero to rental property hero without having any experience? Take some notes from rental property investing expert David Greene, who built his financial freedom-producing portfolio in under ten years! David walks step-by-step through everything you must do to buy your first rental property in 2023. From finding the deals, getting your financing and loans set up, analyzing a property, and repeating the system. If you listen fully through this episode, you’ll have everything you need to find and buy your first (or next) rental property. So what are you waiting for? Grab a notepad and a pen, and don’t get distracted by David’s beautiful bald head. Now is the time to start building your life of financial freedom!  Want to take your real estate investing to the NEXT LEVEL? Reach financial freedom faster and sign up for BiggerPockets Pro with code “RENTAL20” for a special discount! This Show Sponsored By Take your business to the next level with Left Main: the #1 CRM for Real Estate Professionals, built on Salesforce. Go to leftmainrei.com/biggerpockets to learn more. In This Episode We Cover: Why your first few real estate deals DON’T MATTER (as much as you’d think) The “stack” real estate method to build an EXPLOSIVE real estate portfolio  The “3 D’s” of real estate investing and where to find dollars, deals, and investing direction  The BEST way to find real estate deals (even in a tough market like 2023) How to analyze a rental property (LIVE!) using the BiggerPockets rental property calculator  The one tool top investors use to get deals done even faster  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Join BiggerPockets Pro and Use Code “RENTAL20” for 20% Off Try the BiggerPockets Rental Property Calculator on Your Next Deal Estimate Rent Easily with the BiggerPockets Rent Estimator Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth" Books Mentioned in the Show: BRRRR by David Greene Long-Distance Real Estate Investing by David Greene SOLD by David Greene SKILL by David Greene SCALE by David Greene The One Thing by Gary Keller Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-754 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want more real estate tax deductions? If you’re a savvy investor, you can use the tax code to avoid income tax, keep more money, and grow your portfolio even faster. But it’s hard to do so without a rock-solid CPA behind you. Thankfully, we have some of the world’s top real estate CPAs on the show, and they’re giving their take on tough tax questions (WITHOUT sending you a bill!). If you want to lower your tax burden, keep more of your hard-earned money, and play the tax game to WIN, stick around! Welcome back to another Seeing Greene! This time, we’re joined by some of the most beloved real estate tax rockstars. Amanda Han, Matt Bontrager, and Tom Wheelwright have spent their careers helping real estate investors get the most out of their investments. From eliminating income tax to finding hidden deductions, boosting depreciation, and getting their clients into more tax-advantaged assets, these CPAs practice what they preach and are here to help you too! They’ll be answering questions about how to unlock the MASSIVE tax benefits of real estate investing while working a W2, when to start an LLC, how to protect your assets, whether a 1031 exchange is really worth it, and how to find the right CPA. Their suggestions could save you THOUSANDS in taxes, so don’t miss this one!  In This Episode We Cover: How to avoid income tax through real estate investing (even with a W2 job!) When to pull equity out of a property and how long to hold a rental Crucial questions to ask a CPA and how to know that they’re truly “investor-friendly” The 1031 exchange explained and when it’s NOT a good option for eager sellers Private money lending and how to ensure your lender shares in your property’s tax benefits  Capital gains tax and how to AVOID it when selling a primary residence And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Hear Our Past Episodes with Amanda: BiggerPockets Podcast 49 BiggerPockets Podcast 162 BiggerPockets Podcast 269 BiggerPockets Podcast 370 BiggerPockets Podcast 424 BiggerPockets Rookie 77 BiggerPockets Rookie 255 BiggerPockets Rookie 260 Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth" Hear Our Past Episodes with Matt: BiggerPockets Podcast 689 Hear Our Past Episodes with Tom: BiggerPockets Podcast 569 BiggerPockets Podcast 631 Connect with Amanda, Matt, & Tom: Amanda's BiggerPockets Profile Amanda's Instagram Amanda's Website Matt's BiggerPockets Matt's Website Tom's BiggerPockets Tom's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-753 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to know how to invest in multifamily real estate WITHOUT being a multimillionaire? We aren’t talking about tackling a duplex or triplex; we’re talking about sixteen, eight, or ten-unit apartment buildings that could help you replace your W2 income. And while these deals may seem too big to take down for a rookie real estate investor, they’re much easier to get done IF you know what to do. But you’ll want to follow Lee Yoder's advice, who left his job and took a hefty pay cut to start investing in real estate. As a corporate physical therapist, Lee knew that time was passing him by. The one thing he could do to ensure a life of financial freedom and time with his growing family? Multifamily real estate investing! He made the risky decision to switch gears, leaving the corporate world and thirty percent of his income behind to make the jump. Thanks to smart saving and spending, Lee was in a position where he could dedicate large chunks of his time to flipping houses and later investing in passive-income-generating real estate. The best part about Lee’s story is that he did all of this on a middle-class income, without a ton of cash, using tools that almost every investor has available to them. If you want to know how he did it, what steps helped him skyrocket his portfolio, and how you can repeat his system, stick around!  In This Episode We Cover: When to go full-time into real estate and saying goodbye to a steady paycheck  House flipping and buying under-market homes at online auctions  The “passive income” fallacy and why real estate investing ISN’T what you think Living below your means and why spending less allows you to take bigger risks  Using real estate meetups to find partners, mentors, and deals in your area  The rental property “scrapyard” that most investors overlook when buying multifamily Buying in the multifamily “sweet spot” that new investors and big syndicators won’t venture into  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Work with Andrew Andrew's BiggerPockets Profile Try the BRRRR Calculator on Your Next Deal What is the BRRRR Method & How to Use it to Invest in Real Estate How to Properly Analyze a BRRRR Property Hear Andrew On Our Recent Episode About Asset Management Connect with Lee: Lee's BiggerPockets Profile Lee's LinkedIn Lee's Facebook Lee's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-752 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The BRRRR method just got served a devastating blow. With new financing rules and regulations, the “Buy, Rehab, Rent, Refinance, Repeat” strategy could be coming to a close for rookie real estate investors. This is a sensitive subject for most investing experts, as the BRRRR method was almost foolproof from 2010 to 2020. ANYBODY could find a house needing renovations, make some needed repairs, and turn it into a cash cow by refinancing out of their original loan. But now, the tide has started to turn, cash flow has been erased thanks to high mortgage rates, and finding a home for sale isn’t as easy as it always was. For investors who relied on the BRRRR method, this could be seen as the end of a wildly profitable era. But for expert investors like David Greene, Henry Washington, and Rob Abasolo this is just the beginning of a new type of BRRRR that could pay off handsomely but has much more lethal side effects. In this episode, we’ll get into exactly what the BRRRR strategy is, how investors use it to recycle their down payments, and what changes have caused it to go out of style. Our expert hosts will also describe what you MUST do to make your BRRRR investment work in 2023 and why simply buying a fixer-upper is NOT a worthwhile strategy. So stick around if you don’t want to get burnt on your next BRRRR!  In This Episode We Cover: The BRRRR method explained and why it’s such a profitable rental property strategy  What changed in the BRRRR method and why 2023 will be MUCH more challenging  Seasoning period requirements and how long you’ll have to wait before refinancing  BRRRR red flags and what to do to protect yourself from buying a bad deal The 1% rule and whether or not it’s still worth chasing in 2023  Expert ways to get around BRRRR waiting periods and high-interest rates  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Henry's BiggerPockets Profile Henry's Instagram Try the BRRRR Calculator on Your Next Deal What is the BRRRR Method & How to Use it to Invest in Real Estate How to Properly Analyze a BRRRR Property Books Mentioned in the Show: Buy, Rehab, Rent, Refinance, Repeat by David Greene Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-751 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

You want cash flow, but how do you get it in a housing market with high rates and home prices but low inventory? Or, how do you escape the rent cycle and get into real estate investing? Should you buy your first rental before a primary residence? And what financial position do you need to be in to leap into homeownership? When starting your real estate investing journey, questions like these seem to have no end. That’s why we’ve got David Greene, experienced investor, agent, broker, and author, to help guide you to the answers. Welcome back to another Seeing Greene, where your tips, flips, and financial freedom-finding host, David, is here to help you build wealth through real estate investing. We’ve got questions from investors, renters, and homeowners trying to take their first step into the rental property investing world. First, we talk about tenant-friendly states and how house hacking can allow you to dodge many of these harsh landlord laws. Next, we hit on some HELOC (home equity line of credit) questions about when to pay off a HELOC and whether using one to buy a rental is a good idea. Finally, David talks about growing your financial foundation and how to systematize your business, so you AREN’T working sixteen-hour days. All that and more, coming up! Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Tenant-friendly states and whether they’re still worth investing in  How to find “quick” cash flow in today’s real estate market  When (and when NOT) to use a HELOC to fund your down payment  Buying a primary residence vs. rental property and building your financial foundation  When to pay off a line of credit and recycling the funds to buy more rentals  Systems you MUST put into place to free up time, do bigger deals, and get more done  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David 3 Real Winning Deals in 2023 (and Where You Can Find Them!) Need Lending? Contact David’s Brokerage Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth" Books Mentioned in the Show: SCALE by David Greene SOLD by David Greene SKILL by David Greene   Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-750 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Your DoorDash driver may be the world's next real estate mogul. If you ever had Josh Janus drop off food at your house, you may have been in the middle of him getting a deal done. That's right; between picking up and delivering food, Josh was cold-calling sellers, sourcing as many off-market real estate deals as possible. This type of serial side hustling led Josh to acquire $1,500,000 in real estate at age twenty-two, making $50,000 per month and building a business most entrepreneurs could only dream of. From a young age, Josh was already the king of multiple income streams. He was making duct tape wallets on the bus, flipping shoes online, and doing whatever he could to save more money. When he found BiggerPockets, he realized that real estate was the way to propel his dollars even further, allowing him to have money work for him instead of the other way around. So, Josh set out building a "hybrid wholesaling" model. He would contact off-market sellers, send their information to an agent, and get paid for his side of the deal. Once Josh got his real estate license, he started hustling even harder, selling $17,000,000 of real estate as an agent, making more in a month than many Americans make in a year. So what was Josh's quick key to success? How did he do all this in his early twenties without any experience? And how can you repeat the same system to skyrocket your wealth? Stick around; Josh will tell you how to do it too!  In This Episode We Cover: The "hybrid wholesale" model Josh uses to make serious commissions on off-market deals Side hustles, alternative income streams, and how to make more money in your free time Cold calling tips and getting your first off-market deal under contract (even with NO experience) How to use the BiggerPockets forums to get more deals, network with more investors, and build wealth  Mistakes you should avoid when hunting for your own off-market real estate deals Josh's nearly perfect BRRRR and the right way to do a deal that needs a renovation/rehab And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Hear Our Interview with Couch-Flipper Turned Investor, Ryan Pineda Build Your Off-Market List with PropStream Books Mentioned in the Show: Long-Distance Real Estate Investing by David Greene SCALE by David Greene Connect with Josh: Josh's BiggerPockets Profile Josh's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-749 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

A preschool teacher turned rental property millionaire!? You wouldn’t believe it at first. How could someone like Anne Curry go from making five dollars per hour to bringing in five figures’ worth of rent checks every month? While it didn’t happen overnight, Anne’s story is one that’s repeatable by almost everyone, no matter where you’re starting financially, how much education you have, or your background. Anne was never destined to be rich. She grew up in a household of non-profit workers, teachers, and those that expected to give more than they got. So when Anne married her husband, a social worker, she knew their chance of owning a home, let alone several, was slim to none. But, her fire for financial freedom and generational wealth never stopped burning, and as soon as she could purchase her first property, she made the jump that changed the course of her life. Now, as an affordable housing landlord with hundreds of units, Anne is on a mission to not only build wealth but help others follow her same path. She went from having very little money to an astonishingly large real estate portfolio simply by asking questions, offering help, and having a tenacious attitude to build up others, not just her bank account. She explains how ANY landlord can get into affordable housing, the massive benefits that this type of investing offers, and the common myths most people get wrong about section 8 and guaranteed rent.  In This Episode We Cover: Affordable housing myths and why most landlords are wrong about section 8 tenants How to find affordable housing deals and the HUGE grants local governments offer Scaling into multifamily and how to connect with those that have affordable housing deals Finding a mentor, asking questions, and why you MUST be willing to learn before you invest The new BRRRR method that’ll let you level up your wealth while owning your home Types of affordable housing and who to talk to if you want to convert your rental to section 8 housing And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Killer Cash Flow with This “Tenant-First” Section 8 Rental Strategy Why I’m Investing in Affordable Housing for the Long Haul The Pros and Cons of Accepting Section 8 Housing What is the BRRRR Method? Connect with Anne: Anne's Instagram Anne's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-748 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to buy rental properties while the market is down? If you didn’t already know, you could be sitting on the perfect funding source found right under your own feet. But with today’s mortgage rates still double what they were last year, is taking out any of your equity a mistake, or could this be the opportunity of a lifetime to scoop up some sweet real estate deals at a stellar price? We’ve got our expert investor, lender, broker, and ship-metaphor-making host, David Greene, to give you his wealth-building secrets. Welcome back to another Seeing Greene, where we take questions live from BiggerPockets listeners on how you can retire early with real estate, build a business you love, and create generational wealth. This time, we’ve got questions on how to use home equity to buy more property, then we debate cash flow vs. appreciation and which is a better bang for your buck. We’ll also compare commercial vs. residential real estate and explain how these two seemingly similar assets operate VERY differently. And finally, David gives his favorite news sources on where to learn about the economy, the housing market, inflation, and every other variable that’ll help you make intelligent investing decisions! Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!  In This Episode We Cover: Refinancing vs. selling and what to do with high equity but high mortgage rates Appreciation vs. cash flow and why bad neighborhoods are NOT for rental property investing Residential vs. commercial real estate and why it gets tricky when funding bigger deals Bitcoin as an alternative to cash and why the rich are still investing in a downturn  Portfolio architecture and how to buy rentals that build wealth (not just cash flow) Where to learn about economic trends, data, and the housing market  Paying off debt vs. investing in real estate (and which to do first)  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Network with Other Investors at a BiggerPockets Meetup Cash Flow vs. Appreciation Portfolio Architecture 101 The Patrick Bet-David Podcast Sign Up for David’s Newsletter, ‘Behind the Shine” Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-747 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Twenty-eight rental units before turning twenty-eight years old? That takes some SERIOUS drive. But after talking to Jake Radawick, the whole story makes much more sense. Within three years, Jake built a rental property portfolio that brings in over $200,000 a year in rent and provides Jakes with a full-time salary’s worth of passive income. But Jake wouldn’t have done any of it if it weren’t for his family—specifically his brother. Jake’s older brother has been his “why” for as long as he can remember. He broke through barriers and was able to achieve what most thought impossible of someone with autism. This gave Jake the confidence to go after goals that others told him weren’t achievable. And now, after three years, a lot of work, and some serious goals, Jake has a real estate portfolio that would have taken most investors decades to build. But it didn’t come without its struggles. From financing blunders to pipes bursting and flooded basements, this episode will open you up to the realities of building a sizable rental portfolio. But, if you’re willing to take risks like Jake, pivot when possible, and build a team of investing experts, you too could replace your W2 income with real estate profits in just a few years!  In This Episode We Cover: How to build a sizable real estate portfolio in three years or less Knowing your “why” behind investing and why you NEED one to be successful How to save up for a down payment and why side jobs are a MUST when building wealth Live-in BRRRRs and capitalizing on equity to build your portfolio even faster  Investing out of state and why balancing cash flow with appreciation is a must The “snowball” method that Jake used to buy properties faster than most investors What to do when no one will finance your loan and why you should always have a great relationship with your banker And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Network with Other Investors at a BiggerPockets Meetup Book Mentioned in the Show: Buy, Rehab, Rent, Refinance, Repeat by David Greene Investing in Real Estate with No (and Low) Money Down by Brandon Turner SCALE by David Greene Connect with Jake: Jake's BiggerPockets Profile Jake's Instagram Jake's Facebook Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-746 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

There is an almost fool-proof way to invest in real estate in 2023. It requires very little money down, no experience in investing, and can be used over and over and over again to build millions of dollars in real estate wealth. The strategy? House hacking! Real estate millionaires agree that this strategy is the BEST way to get started investing and can help launch you to the next level of financial freedom. You DON’T need a ton of time or money to house hack, and doing so could set you up for life. And if you think our empire-building hosts, David Greene, Henry Washington, and Rob Abasolo, aren’t spitting facts, think again. All three of these investors started house hacking and credit it as the greatest move they made to build wealth. But how does house hacking work, and if it’s such a smart move to make, why isn’t everyone doing it? In essence, house hacking allows you to monetize your living space. So, you get paid to have a mortgage instead of paying a mortgage. This could mean renting out your spare bedrooms, Airbnb-ing your mother-in-law suite, or buying a duplex and renting out the other side. And during a time when mortgage rates are higher than many of us have seen before and housing affordability is at an all-time low, house hacking can become your savior of savings, helping you keep more money every month. This compounded savings allows you to buy even more real estate, build your dream portfolio faster, and retire earlier than you thought. So, if you’re ready to invest in real estate, don’t sleep on house hacking!  In This Episode We Cover: House hacking explained and why it’s the EASIEST real estate investing strategy of 2023 Investing in real estate with no and low money down and why house hacking is the perfect starter option The different ways to house hack, from buying a duplex to renting out rooms How to find and analyze your house hack to ensure it’s paying for itself The best housing markets for house hacking and why you DON’T need to cash flow The house hack stack and the secret to building a multi-million dollar portfolio over just a few years And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Henry's BiggerPockets Profile Henry's Instagram Try the BiggerPockets Real Estate Calculators on Your Next Deal How to Start a Real Estate Portfolio with Just $10K Books Mentioned in the Show: The House Hacking Strategy by Craig Curelop Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-745 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

What’s the key to escaping the rat race in 2023? Do you need a rental property LLC for every property, or can you put multiple in one? And how do you create cash flow when housing prices are so high? For the everyday real estate investor, it can seem like profitable rental properties are getting harder and harder to find, and financial independence is slowly slipping away. And while many would give up on their pursuit for early retirement, time freedom, and autonomy over their schedule, we’re here to give you the knowledge you need to hit your wildest investing goals in 2023. We’re back with another Seeing Greene, where your agent, investor, broker, and system-building savant, David Greene, answers your real estate investing questions on the spot! In this episode, we’ll touch on rental property LLCs and how many properties to put in each one, what to do when home prices are high, and cash flow is low, the “new build BRRRR” that could create crazy equity gains, and a smarter way to shop for landlord insurance. All that (and much more) is coming up, so stick around! Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Where to buy your next rental property and how to create cash flow Setting up your rental property LLCs and how many you’ll really need The build, rent, refinance and repeat BRRRR strategy that could produce massive equity Why bigger is better and the reason you should ALWAYS shop for rentals with more rooms How to provide value to your mentor (even if you don’t have real estate experience) Landlord insurance and when a commercial policy trumps individual coverage Building systems for your real estate business and a practical way to start systemizing TODAY And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Top 10 Real Estate Markets for Cash Flow in 2023 The BiggerPockets Guide to Landlord Insurance Sign Up for David’s 2023 Scottsdale Goal Setting Retreat Book Mentioned in the Show: SOLD by David Greene SKILL by David Greene SCALE by David Greene Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-744 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The BRRRR method is one of the most celebrated, highly-effective real estate investing strategies the world has ever known. Never heard of it? BRRRR stands for “Buy, Rehab, Rent, Refinance, Repeat” and is a simple framework to allow any real estate investor, no matter their skill level, to get into real estate investing for no money at the end of the deal. This down payment recycling system allows you to use the same amount of cash to build a real estate portfolio that’ll expand to infinity. And for a while, the BRRRR method was yet to be bested—until now. Janice Stitzer may have cracked the code. As a house-hacking California native, Janice was pushed out of the golden state right before the last crash when housing prices were high, cash flow was low, and traffic was at a standstill. She and her husband decided to boost their quality of life by relocating to Colorado, where they started a construction company and a BRRRR-ing empire. Then in 2008, when lending screeched to a halt, her BRRRRs died down. But some years later, a new idea hatched—the BRRRR 2.0. Using this simple strategy, Janice got a brand new short-term rental that cash flows like crazy, all while gaining $200K in equity before her first guest checked in. This repeatable system can be used by almost anyone and doesn’t require much experience. With just five properties, this “BRRRR 2.0” investing style could make you a millionaire. But you won’t know how it works if you don’t tune in! So, stick around! In This Episode We Cover: The BRRRR 2.0 method and how it unlocks MASSIVE amounts of equity  House hacking in expensive markets and the lowering your cost of living (even in LA) The BRRRR strategy explained and why it’s still one of the most profitable ways to invest The five things to look for when developing land or investing in new construction  Why you NEED a great general contractor at your side ANY time you plan on building  Short-term rental investing and why the cash flow beats consistent long-term rentals  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter How to Succeed in Real Estate Investing Using the BRRRR Method 14 Questions to Ask Before You Hire a General Contractor 4 Vital Points to Consider BEFORE Getting Into New Construction Book Mentioned in the Show: Buy, Rehab, Rent, Refinance, Repeat by David Greene Connect with Janice: Janice's Instagram Janice's Website   Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-743 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Financial freedom is the goal we’re all after. Whether you want to replace your nine-to-five income, retire your spouse or family members, spend more time with your loved ones, or just have enough money to travel the world, reaching financial independence is truly the American dream. And the wisest, most stable way to find financial freedom? Real estate investing! For generations, rental property investing has been the foundation of many millionaires’ portfolios, and you can repeat their path with four simple steps. To give you the complete rundown on the four steps to financial freedom, we’ve got Dave Meyer, VP of Data and Analytics and host of On the Market, on the show. Dave embodies the financially-free life most people dream of. He lives abroad, chooses to work, and eats copious amounts of sandwiches every day. But what most people don’t see is the decade of hard work and dedication that Dave put in to get up to this point.  Dave will explain exactly how to calculate the passive income you need to find financial freedom, where to start investing in real estate, how to analyze a real estate deal from scratch, and the one tool that EVERY investor can use to build a rental property portfolio faster. If you want to become a real estate pro in 2023, sign up for BiggerPockets Pro and use code “ANALYSIS20” for a special discount.  In This Episode We Cover How to achieve financial freedom through real estate in 2023  Calculating your FI number and setting the RIGHT type of real estate goals Picking your real estate market and metrics you MUST use when researching  Finding real estate deals and the LAPS funnel professional investors use to find perfect properties How to analyze a real estate deal in minutes using the BiggerPockets rental property calculator  Cash flow vs. appreciation and which you should pick when deciding on your investment strategy  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-742 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The golden age of cash flow real estate investing could be over as we know it. For the past decade and a half, landlords got used to buying standard homes that made a killing in cash flow. Combine that with exponentially appreciating home prices, and anyone who purchased a property in the past ten years looks like an investing oracle. But now, the tide is starting to turn, and rookie real estate investors are struggling to find any house in almost any market that can cash flow. So what happened, and why has the nation’s cash-flowing real estate suddenly disappeared?  Welcome back to another Seeing Greene, where your “don’t just go for cash flow” host, David Greene, is back to drop some real estate knowledge for ANY level of investor. In this episode, we get into why it’s so challenging to find real estate deals that cash flow in 2023, when to invest in an appreciation vs. cash flow market, and whether or not to sell a property that isn’t profitable. Then, we switch gears and touch on how to vet a private lender you met online and whether or not an out-of-state rental rehab project is too risky for a brand-new real estate investor.  Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: The “Golden Age” of cash flow and why it might finally be over in 2023 How to pivot when you can’t find a “deal” in today’s housing market Cash flow vs. appreciation markets and which makes for a better long-term bet What to do when your rental property isn’t profitable and how to know it’s worth selling Vetting private money lenders and why you should NEVER send money to one Out-of-state renovations and rehabs and why rookie real estate investors should stay clear of them Delayed gratification and why it’s the true path to building wealth  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Cash Flow vs. Appreciation Ability to Delay Gratification Predicts Wealth, Health & Success Book Mentioned in the Show: Long-Distance Real Estate Investing by David Greene Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-741 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

SVB’s (Silicon Valley Bank) collapse has more to do with the housing market than you think. With bank runs becoming contagious, Americans in fear of economic turmoil, and a recession now closer on the horizon, assets like real estate could be affected in ways that most everyday Americans don’t realize. But, to understand what could happen to home prices and the US economy, we’ll need to explain the entire situation. Back on as expert guests, J Scott, multi-decade investor, and Scott Trench, CEO of BiggerPockets, are here to share their takes on the SVB’s meltdown. More importantly, they explain the events leading up to this bank collapse, how the pandemic created fuel for this future fire, and whether SVB’s collapse could cause a chain reaction that leads to more bank failures, harder economic times, and, surprisingly, higher mortgage rates.  J and Scott debate whether or not more small banks are at risk, what could happen to HELOCs (home equity lines of credit), mortgages, and other financing options, and whether or not real estate will go down with the ship as our economic situation goes from bad to worse. And, if you’ve been saving up for your next investment property, stick around as J and Scott walk through how real estate investors should be using their money in troubling times like today. In This Episode We Cover: SVB’s collapse explained and how it could drag us into a deeper recession  The effects on real estate and whether or not prices will drop as a result Mortgage rate predictions and the Fed’s shaky decision to raise or halt rates  HELOCs (home equity lines of credit), mortgages, and other property financing options that could be in danger  Whether or not we’re in a recession, and if we aren’t, when the recession could hit Investing in real estate in 2023 and the moves you MUST make to protect your investment  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Watch J’s First Interview with BiggerPockets How Did A $200B+ Bank Collapse In 48 Hours? Is Real Estate Going To Be Impacted? Books Mentioned in the Show: Recession-Proof Real Estate Investing, Flipping, and More by J Scott Connect with Scott & J: J's BiggerPockets Profile J's Website Scott's BiggerPockets Profile Scott's Instagram Hear Scott on the BiggerPockets Money Podcast Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-bonus-svb Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Eric Quinn turned $500 into over forty rental properties without rich relatives, a winning lottery ticket, or a magic genie. Like many investors after the 2008 crash, Eric was left flat broke, with an unbelievably high adjustable mortgage rate, hundreds of thousands in credit card debt, and just a few hundred dollars to his name. His “bed,” a pile of clothes in an empty apartment, was the one thing that could comfort him while digging himself out of the housing market hole he fell into. Now, Eric’s life looks a little different. With dozens of cash-flowing rental units, even Eric questions how he got here. His story includes selling snakes, dealing drugs, storage wars, terrible real estate deals, and bad debt, but at the end of it, thanks to making the perfect pivot, he came out on top. He made almost every real estate investing mistake in the book, from buying a property he knew nothing about to purchasing fifteen rental properties in one month (don’t do this) and taking risks that were never worth the reward. But Eric isn’t here to cry over spilled milk. Instead, he’s here to share EXACTLY how he made it out of a horrible situation and turned his life around to build wealth, have time freedom, and live without worrying. You might be feeling a bit like Eric did, and if you want to know the mistakes you should avoid and the moves you should make to get in a better position, tune into today’s episode! In This Episode We Cover: How to build wealth when starting from ZERO (or in SERIOUS credit card debt) Storage wars and making thousands flipping items found at auctions The HUGE cash flow of sober living facilities and why they beat regular rental properties Becoming a real estate agent and why you HAVE to go all in if you want to make more money Purchasing portfolios and the big mistake Eric made that cost him hundreds of thousands Property inspections and why you NEVER use a residential inspector on a commercial property And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Henry's BiggerPockets Profile Henry's Instagram How to Start a Sober Living Home 22 Doors After “Starting from Negative” Property Inspections—Why They’re Vitally Important & How to Get the Most Out of Yours Book Mentioned in the Show: The Gap and The Gain by Dan Sullivan Who Not How by Dan Sullivan  Connect with Eric: Eric's Instagram Eric's Facebook Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-740 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The way you manage your multifamily real estate could be the defining factor when growing a bigger portfolio, reaching financial freedom, and leaving a lasting legacy. The “DIY management” style works for most real estate investors until they build a significant stack of multifamily properties. Then, the toilet calls, tenant complaints, and late rent checks get a little exhausting when you’re now taking care of dozens of tenants, not just two or three. So, what’s the right way to scale with multifamily real estate without losing your hair? We’ve brought back multifamily investing experts Andrew Cushman and Matt Faircloth to explain how new multifamily investors can start to scale by making some strategic hires. Both of these battle-tested investing experts have dealt with their fair share of flaky property managers, late maintenance technicians, and asset managers who care more about a paycheck than building a profitable portfolio. They know exactly what does (and doesn’t) make a good hire and how you can start scaling quicker by outsourcing work you once thought crucial for an owner to do. Andrew and Matt break down the difference between a property manager and an asset manager and explain why these roles are commonly confused. They also hit on how essential operations are at a time when cap rates are starting to expand and many buyers have fled the market. Finally, they’ll walk through the exact skills you should be looking for in an asset manager, property manager, leasing agent, and maintenance supervisor, so you can focus on growing your portfolio, NOT handling the day-to-day hiccups.  In This Episode We Cover: Asset management vs. property management and how these two separate roles create investing synergy  The changing multifamily market and how “buying a deal” isn’t as easy as it was before What small multifamily investors can do NOW to build the road to a bigger portfolio  Hiring a property manager and the twenty-seven questions you MUST ask them before you bring them into your team  Attitude over skills and how to find the rockstars that want to build your real estate portfolio Incentivizing success and making sure your workers are paid for increasing value and cash flow  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David What Is a Real Estate Investment Asset Manager? Get your free copy of the 27 Questions You should ask a Property Manager Book Mentioned in the Show: Raising Private Capital by Matt Faircloth Connect with Matt and Andrew: Andrew's BiggerPockets Profile Andrew's LinkedIn Vantage Point Acquisitions Matt's BiggerPockets Profile Matt's Instagram DeRosa Group Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-739 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Building a real estate portfolio in 2023 isn’t as easy as it used to be. Without the free-flowing deal flow of the past decade, real estate investors need to try more intelligent strategies to snag properties that can help them reach financial freedom. To help them hit their goals, expert investors David Greene and Rob Abasolo have been coaching a small group of real estate mentees on their journey to build a robust property portfolio. Over the past three episodes, we’ve seen them build their buy boxes, decide on markets, formulate offers, and level up their investor skills. At the end of this ninety-day journey, our mentees have made some profound revelations. We start with Philip, who’s been struggling to find a worthwhile campground to get under contract. He’s been able to wrangle in a deal, but it comes with “hairy” circumstances that could allow him more bargaining power when negotiating with the seller. Next, Wendy is back on her hunt for a house hack. After viewing potential properties in the Las Vegas area, she’s had to pivot her investing strategy to tackle something that comes with lower costs. And finally, Danny joins us to talk about two “offensive” offers he made and the “pickle jar” method that investors should know about before negotiating with a seller. All of the mentees have made MASSIVE strides in their real estate investing journeys, but what comes next is entirely up to them. Stick around to hear how they got ahead of the game, what made the most significant difference in their property searches, and how they’re gearing up to tackle even bigger deals throughout 2023! In This Episode We Cover: Negotiating with a seller and what to do when hidden costs pop up during your due diligence Networking with other investors and the MASSIVE benefit that comes with it House hacking, medium-term rentals, and what to do when struggling to find cash flow Pivoting your rental property strategy and why you should NEVER make an offer unless the numbers make sense Making “offensive” offers and why lowballing isn’t always such a bad thing Building your “buy box” and keeping it flexible enough, so you’re still able to get properties under contract Analysis paralysis, outsourcing, and what will stop you from making it in real estate And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob’s BiggerPockets Profile Rob’s YouTube Rob’s Instagram Rob’s TikTok Rob’s Twitter BiggerPockets Podcast 708 Part 1 BiggerPockets Podcast 719 Part 2 BiggerPockets Podcast 726 Part 3 Connect with Our Mentees: Danny's BiggerPockets Danny's Instagram Philip's BiggerPockets Philip's Instagram Philip's Website Wendy's BiggerPockets Wendy's Instagram Wendy's LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-738 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The 2023 housing correction could be the PERFECT time to invest in real estate. Don’t believe us? Maybe you’ll be more convinced by Dave Meyer, VP of Data and Analytics at BiggerPockets and real estate investor who got his start right after the 2008 housing market crash. For a fresh-out-of-college Dave, this was one of the scariest purchases he could have ever made. Right off of the Great Recession, no one knew which way the housing market would head, but because Dave took an educated, data-backed risk, he’s been rewarded handsomely with passive income. And if you’re like most new real estate investors, you want to find financial freedom and spend more time doing what you love while building wealth in the background. Now, with skittish sellers and high mortgage rates scaring away many would-be-homebuyers, you can pick up real estate deals that could propel your wealth forward for years to come. And in this webinar, Dave will show you EXACTLY how to find, analyze, and finance your real estate deals. He’ll also dive deep into the data behind today’s housing market and prove why now may be one of the BEST times to buy real estate in years. Now is YOUR time to start building wealth. Don’t sit on the sidelines while others are reaching financial freedom. Become a BiggerPockets Pro member and get access to exclusive rental property calculators, lease templates, property management software, and access to bootcamps that will take your knowledge to the next level. Sign up for BiggerPockets Pro and use code “INVEST23” for 20% off and a special gift from Dave!  In This Episode We Cover: How to find financial freedom in ANY housing market (even in 2023!) The housing market correction that could be a BIG OPPORTUNITY for buyers Whether or not buying in today’s housing market is a smart move to make Mortgage rate fears and how to combat a high monthly payment with seller concessions Strategies that work in today’s real estate market and the five ways to profit with real estate How to analyze a rental property investment with the BiggerPockets calculators And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Dave's BiggerPockets Profile Dave's Instagram Hear Dave on the “On the Market” Podcast Subscribe to the “On The Market” YouTube Channel BiggerPockets Rental Property Calculator Estimate Rent Easily with the BiggerPockets Rent Estimator Join BiggerPockets Pro and Use Code “INVEST23” for 20% off and a special gift from Dave Books Mentioned in the Show Real Estate by Numbers by Dave Meyer and J Scott Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-bonus-housing-crash Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Lewis Howes has made a career taking the insights of millionaires and masters of crafts and turning them into digestible, actionable steps that everyday Americans can use to achieve their dreams. He’s talked to investing moguls, sports icons, mindset authorities, and everyone in between. Through doing this, he’s become an expert on building the mental landscape that makes you successful, accountable, and ready to make meaningful action in the world. He knows what it takes to build wealth, get rich, and start eight-figure businesses. And he also understands why you may not be ready to achieve your wildest dreams. Lewis Howes knows most people aren’t ready to get rich. It’s not because they aren’t smart or savvy enough at investing. It’s because there’s something missing deep down—something they didn’t even know about. And Lewis has real-world experience with this struggle. He was flat broke only fifteen years ago, sleeping on his sister’s couch, watching his dreams of becoming a professional athlete slip away. He even got caught by his first mentor stealing food after a speaking event when he didn’t have enough money to eat. Fast forward to today, and Lewis is a best-selling author, owner of a multi-million dollar business, and gets paid more in an hour than most Americans make in a year. So what changed? What steps did Lewis take to accomplish this unbelievable feat, and what can YOU do to repeat the same system that led Lewis to greatness? All that (and more) in this episode!  In This Episode We Cover: How Lewis Howes went from flat broke to multi-millionaire  Why you’re NOT READY to get rich (and what you can do to change that) The importance of getting a coach and why tenaciously leveling up your skills is crucial to success Breaking out of rock bottom and how to build wealth when starting from zero The three steps to greatness that will help you achieve any dream  The one skill Lewis says you MUST have in today’s modern world  Pushing past fear and how judgment stops so many from fulfilling their destiny  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob’s BiggerPockets Profile Rob’s YouTube Rob’s Instagram Rob’s TikTok Rob’s Twitter BiggerPockets Podcast 405 with Lewis Howes How Can You Achieve a Mindset for Investing Success? Mastering These 2 Skills Is Critical to Success in Real Estate Investing 4 Key Ways to Build Wealth in Real Estate Book Mentioned in the Show The Greatness Mindset by Lewis Howes Connect with Lewis: Lewis' Instagram Lewis' LinkedIn Lewis' Podcast Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-737 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

In this month’s BiggerNews, the mortgage rate rollercoaster continues, ChatGPT tries to take your job, Facebook tells investors to get lost, and David discusses his love-hate relationship with Jack in the Box. That’s right, we’ve crammed in all the most important news for real estate investors, including AI realtors, dangerous fast food options, and why buyers and sellers keep pushing down hard on both pedals. David Greene and Dave Meyer will go down the real estate rabbit hole, discussing the most important headlines affecting today’s housing market. Welcome back to BiggerNews, where we touch on the facts, data, and everything else affecting real estate investing. This time, the Dave duo hits on why mortgage rates shot down earlier this year and what’s causing them to rise again, plus what this will do to buyers and sellers who are waiting to get into the market. Then, we’ll hear how the BRRRR method could be in danger as new mortgage rules make a cash-out refinance far harder than before. Ever thought, “We need more artificially conscious investors.” If so, you’re in luck! We’ll touch on how ChatGPT could allow an influx of sub-par investors to enter the market. And if you’ve been waiting for a revival of Craigslist, stick around. New rules that Meta (Facebook) announced recently may deal a blow to real estate sellers on the popular platform. Finally, David and Dave will give their take on Biden’s new “Renters Bill of Rights,” which could create more protections for renters but with the side effect of rent control for landlords. All these stories could have SERIOUS impacts on the housing market. Whether you’re an investor, realtor, renter, or homeowner, this is news you need to know about! In This Episode We Cover: Mortgage rate updates and what’s causing the interest rate volatility affecting investors New cash-out refinance rules that could make the BRRRR method even more challenging  Why Meta is cutting support for real estate sellers (and what this means for off-market investors) The Biden Administration’s new renter bill that could create housing markets dead zones for investing  Chat GPT’s opportunity for investors and how it could harm those that are running the best real estate businesses  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Dave's BiggerPockets Profile Dave's Instagram Hear Dave on the “On the Market” Podcast Subscribe to the “On The Market” YouTube Channel 2023 Mortgage Rate Outlook: Could Rates Drop? Biden’s “Renters Bill of Rights” Is Here — Is Nationwide Rent Control Coming? How to Succeed in Real Estate Investing Using the BRRRR Method Why Rent Control Doesn’t Work - Freakonomics Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-736 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Which rental property “deal-breakers” could kill your cash flow? When is the right time to stop saving and start investing? And what should you do once you’ve hit your passive income goals? These are all questions that everyday real estate investors like you are asking, and on this episode of Seeing Greene, David will provide all the answers you need. So whether you’re just getting started, questioning when to invest, or ready to retire early but don’t want to regret the decision, this is the episode for you! David Greene, your expert investor, agent, broker, and podcast host, can help you reach your wealth-building goals faster than ever. This time, David outlines the three pillars of saving and investing and how following this simple guideline can stop you from losing all your wealth in one fell swoop. Next, we debate whether or not paying off a rental property makes sense in today’s unstable interest rate environment and how inflation is making real estate investing more challenging than ever before. Finally, we touch on rental property “deal-breakers” and what your agent should tell you before you buy a deal. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Saving vs. investing and when it’s time to pull the trigger on a rental property The three pillars of money management and why you ALWAYS need emergency reserves Paying off your rental property and what to do with six figures in yearly cash flow Inflation, rising prices, and how intelligent investing protects you against an environment of easy money Unpermitted renovations and whether or not a deal is worth it with one Real estate agent red flags and what to do if your agent isn’t looking out for your best interest Negotiating through agents and how to get your point across when talking through middlemen And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David BiggerPockets Podcast 674 with Ashley Hamilton BiggerPockets Podcast 353 with Tim Rhode BiggerPockets Podcast 717 Should I Pay Off My Mortgage Or Invest In Another Property? Book Mentioned in the Show Long-Distance Real Estate Investing by David Greene Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-735 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

There are a few real estate investing red flags that an investor should ALWAYS look out for. If you don’t, you could end up in the same situation as David Pere, who just finished off a four-year lawsuit after a seller tried to get rid of a deal that wasn’t even worth the dough. But David wasn’t a rookie when this happened. This was David’s third deal after having multiple units under his belt. And even though he was able to walk away from the lawsuit, the downsides, years of stress, and wasted opportunity is what he wants to make sure you DON’T repeat.  This deal didn’t look fishy at the start, but as soon as closing came, difficulties started to crawl out of every nook and cranny of this property. Made-up leases? David’s got them! Weirdly intertwined relationships between sellers and property managers? It’s there too! Repairs that never got made? You bet! And this isn’t even the worst of the deal gone wrong. The story gets even more unbelievable, fraudulent, and downright confusing as David spills the tea. But this isn’t a pity party. All while this lawsuit was happening, David has been scaling his rental property portfolio, reaching financial freedom, and still doing the best he could to build wealth. This story is NOT meant to scare you off from investing but to show you that any deal, no matter how bad it gets, can be a learning lesson that allows you to reach your goals even faster!   In This Episode We Cover: The “more doors” trap and why scaling bigger isn’t always the best move Lease options explained and why a seller would risk signing one  Mixed use real estate and the multiple streams of income that come from one property  Why you should ALWAYS get your team into a deal before you sign the contract  Red flags David missed that you should ALWAYS look out for when buying a new property Taking a seller to court and what to do if you find out there’s fraud in your deal  Why savvy buyers (and sellers) always document EVERYTHING said in a negotiation  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob’s BiggerPockets Profile Rob’s YouTube Rob’s Instagram Rob’s TikTok Rob’s Twitter Case Notes The 6 Best Ways to Minimize Your Chances of a Lawsuit 3 Strategies for Using a Lease Option to Invest in Real Estate Creatively Investing in Mixed Use Commercial Property Book Mentioned in the Show The No B.S. Guide to Military Life by David Pere (For FREE!) Connect with David Pere: David' BiggerPockets Profile David's Instagram David's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-734 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market is heating up as homebuyer season comes back in full swing. For the past few months, most real estate investors have assumed that high interest rates and low inventory would stop first-time homebuyers from making offers on houses. But, most of us assumed wrong. At the start of this year, demand started picking back up, causing investors to pivot to get offers in quickly. So, if you’ve been waiting to buy your first or next deal, now may be the perfect time to start analyzing properties, sending in offers, and getting your property portfolio started. But you can’t do it without an elite agent! We brought in three of the nation’s top agents to tell us what’s happening in their markets, what types of deals they’re doing, and how you can make the most off your next purchase. We first welcome back Dahlia Khalaf from ASN Realty in Tulsa, Oklahoma. She’s recently helped a client get into a “double dip deal” that resulted in tens of thousands in profit on a deal that almost any beginner investor could do. But they had to get creative to find it! Next, we bring back Rob Chevez from Washington, D.C., who’s worked out an interestingly debt-ridden real estate deal to help his investor client pull in some SERIOUS cash flow from short-term renting. And lastly, who could forget about our own David Greene? He’s California’s favorite real estate agent, and his team has been using the house hacking strategy to help first-time homebuyers subsidize a SIGNIFICANT portion of their mortgage. Even better? This deal required no money down and allowed his clients to lock in a low mortgage rate and a low cost of living while in one of America’s most expensive cities, San Diego. If you want a home run deal like any of the ones discussed on today’s show, head to BiggerPockets’ Agent Finder to find an elite investor-friendly agent in your area.  In This Episode We Cover Why the housing market is heating up as homebuyers come back with higher demand  Wholetail real estate deals and how to flip a property without ANY renovation costs  How to find off-market deals and targeting homes that have been sitting on the market  Home liens and using them to find sellers who are willing to give a discount on their properties  Whether or not cash flow is still possible in 2023 and which strategies will bring in the highest rents House hacking and using this strategy to lower your cost of living significantly  Rate buydowns, seller credits, and more ways to come to closing with less money  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Dave's BiggerPockets Profile Dave's Instagram Hear Dave on the “On the Market” Podcast BiggerPockets Podcast 697 with Dahlia, Rob, and David Connect with Dahlia and Rob: Dahlia's BiggerPockets Profile ASN ASN Facebook Rob's BiggerPockets Profile Rob's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-733 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to quit your job for real estate? Not so fast. Trading your steady W2 for rental properties could be a risk that isn’t worth taking in 2023. But why? Isn’t the point of property investing to reach financial freedom and leave your W2 behind? Stick around for the full perspective from expert investor David Greene. His advice could save you money and time when deciding whether or not staying at your job is the right move to make! Welcome back to another episode of Seeing Greene, where your favorite agent, broker, Batman-voice-impersonator, and podcast host, David Greene, answers your most-asked questions on real estate investing! This time around, we hear from a new investor who wants to know the best real estate side hustles, a mid-career worker who’s undecided on how he should best use his cash to invest, and we even receive a call all the way from New Zealand on how to pick the best real estate market. David also goes deep into why outsourcing is SO challenging (at first), where the BRRRR method WON’T work, and the problem with coaching programs. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!  In This Episode We Cover: The best real estate side hustles for investors who want some extra cash What you need to know BEFORE you quit your job to invest full-time Real estate market research and the best cities to invest for cash flow Scaling your business and your portfolio and the secret to outsourcing work Why the BRRRR method WON’T work in certain rental markets Appreciation vs. cash flow markets and when to pick one over the other Whether to buy more rentals, invest in syndications, or put up cash for a coaching program And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David BiggerPockets Real Estate Podcast 718 BiggerPockets Real Estate Podcast 690 BiggerPockets Money Podcast 305 Should You Invest for Equity or Cash Flow? Book Mentioned in the Show Long Distance Real Estate by David Greene BRRRR by David Greene Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-732 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The last housing crash wasn’t a good time for most Americans. And for Brent Daniels, it was the worst time of his life. Before the crash, he was riding high, making six figures, living in a big house with a new car, and building a real estate brokerage with eighty employees. Then, the market started to tank, and so did Brent’s revenue. He had to let go of all eighty workers, watch his car get repossessed, and witness his wife leaving him. But that wasn’t all. The ten-year office lease for his brokerage was still due, and the owners shackled him with seven hundred thousand dollars of debt. Brent hit rock bottom as his reputation lay ruined, forced to stay with friends to survive. He slowly got back into real estate, making a few hundred dollars here and there. But then, one day, Brent stumbled upon an assignment fee. He watched one of his friends walk away with a five-figure check simply for flipping a contract to an investor. Thus, the wholesaling fire was sparked, and Brent gave up his dreams of becoming a top agent or real estate investor. He hit the phones, finding as many motivated sellers as possible. From there, Brent shares how he built a business that does over a million dollars a year with just four team members, why he doesn’t invest heavily in real estate, and the exact script he uses to get hefty wholesale fees from motivated sellers. Now, with a net worth of over eight million dollars, Brent has proven that no comeback is impossible and that the best foundation for success is rock bottom. In This Episode We Cover: Overleveraging and Brent’s mistakes that made him lose everything in the last crash The toxic “supreme ego” that will push you to take risks that are never worth it Paying off six figures in debt and how to rebuild when starting from below zero  The secret to talking to motivated sellers and the four pillars of negotiation in a deal Cold calling tips and what you should NEVER say to a seller  How to scale a LEAN business that operates almost entirely without you  A glimpse into an alternate universe where Henry Washington is David Greene’s wife  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Henry's BiggerPockets Profile Henry's Instagram The Newbie’s Guide to Wholesaling in 7 Simple Steps 5 Cold Calling Techniques That Really Work 3 Types of Motivated Sellers (& How to Win Deals By Solving Their Problems!) How to Stop Worrying and Start Living Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki Connect with Brent: Brent's Instagram Brent's Website Brent's YouTube Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-731 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to know how to invest in real estate with $10,000? For most people, $10,000 doesn’t sound like enough to start a rental property portfolio. But today, you’ll learn exactly how to turn this easily savable amount of money into the foundation for financial freedom. If you want to know the nine ways you can begin building wealth through real estate with $10,000 or less, stick around! David Greene, Henry Washington, and Rob Abasolo all started their real estate investing journeys without stacks of cash. They had to scrimp, save, and hustle to get to their first property. But, once the cash flow wheel started to turn, all of these investors quickly multiplied their real estate holdings and sailed straight for financial independence. And now, they want to help you do the same! David, Henry, and Rob all share their favorite ways to invest in real estate with $10,000, the risks and rewards of each of these strategies, and pit each method against the others in a strategic showdown on the BEST way to invest in real estate with little money. They even share the fastest ways to save up $10,000, so you can start investing sooner! So if you want to make 2023 THE year you start investing, even if you don’t have much savings, stick around! In This Episode We Cover: How to invest in real estate with $10,000 or less The nine best strategies that rookie investors can use to get their first property  How to save $10,000 and which side hustles will make you the MOST cash  Cash flow vs. appreciation and which markets are worth investing in The “rental arbitrage” strategy that can make you THOUSANDS a month (with a LOW investment) The riskiest ways to get into real estate and which strategies newbies should AVOID  A free way to ensure your success when investing that many people overlook  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Henry's BiggerPockets Profile Henry's Instagram Books Mentioned in the Show BRRRR by David Greene Long-Distance Real Estate Investing by David Greene SCALE by David Greene Investing in Real Estate with No (and Low) Money Down by Brandon Turner Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-730 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The real estate markets that have the highest populations tend to have the highest housing prices. Think of cities like New York, Los Angeles, San Francisco, and Seattle. Just a few years ago, these bustling metros were packed to the brim with tech workers, all of which contributed to housing shortages and sky-high home prices. Now, with remote work the new norm, these big cities are seeing their populations slowly start to siphon out to more affordable housing markets in America. As an investor, you may ask yourself, “where are the most people (and money) headed?” In this episode, Dave Meyer and David Greene will answer this exact question. But, it isn’t as easy as solely looking at population growth. Dave and David go deep into the data to see where businesses, tech jobs, and high salaries are moving so you can make the best bet for future equity plays. And even though it seems like Miami, Austin, and other booming markets have already priced out most investors, recent price drops could be a short-term loss that leads to your long-term gain. But even if you know where Americans are migrating, you’ll still need to know the “why” so you can find future markets fitting these criteria. Dave and David touch on how work from home changed the housing market, why the pandemic split the nation into affordable and unaffordable housing markets, and how something as simple as a warm day could heavily impact where the best investing opportunity is. So stick around if you’re planning on buying, investing, selling, or moving in 2023! In This Episode We Cover: The ten real estate markets that are seeing massive migration even in 2023  The “great reshuffling” and how a nomadic work culture changed America’s housing landscape Work from home’s effect on migration, high-paying jobs, and home prices  How political stances and low/no income tax enticed many Americans to leave their home states The housing markets seeing the BIGGEST population drops and where not to invest  Where businesses are moving, and the sneaky tax incentives states use to entice corporations  Why short-term price drops DO NOT predict the future of the housing market  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Dave's BiggerPockets Profile Dave's Instagram Migration, Inflation, and Why Big Cities Are Losing Their “Desirable” Status Book Mentioned in the Show Long-Distance Real Estate Investing by David Greene Real Estate By the Numbers by Dave Meyer Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-729 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

You don’t need a hundred rental properties to make a million dollars a year. You can do it with less than ten properties. Sounds insane, right? If so, tune in to hear Jesse Vasquez’s story as he breaks down exactly how he built a seven-figure income stream with fewer rental properties than most medium-sized landlords. He even gives an example of how just two of his rental properties are cash-flowing enough to replace a six-figure salary. So what is he doing differently from the rest? After escaping the “golden handcuffs” of a six-figure healthcare sales job, Jesse knew he couldn’t ever return to the corporate work environment again. He loved the paycheck but was paralyzed by the work and needed an escape that could help him build wealth without sucking his soul. After sparking up a conversation with a traveling nurse, he realized there was an unfilled niche in the medium-term rental space, one that traveling professionals would pay handsomely for. From working in healthcare, Jesse has been able to pinpoint exactly what makes a high-cash flow medium-term rental, which amenities can dramatically increase your rent price, and how to make six figures in cash flow with just a few properties. This deep dive will give you EVERYTHING you need to know before you buy a medium-term rental, how to achieve a near-zero vacancy rate, and the most lucrative way to find tenants that will net you five times higher rent than a regular long-term tenant. In This Episode We Cover: The medium-term rental strategy explained and how it produces so much cash flow Leaving a cushy six-figure job to build a real estate business, not just retire early  How Jesse makes close to a million dollars a year with just nine rental properties  The secret amenities that nurses MUST have to book your property  The exact agencies to call to get your property rented at SIGNIFICANTLY higher rates  How to choose the perfect medium-term rental market and what to look for in local hospitals  Home insurance rental coverage and how to use it to fill up your units FAST  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Medium-Term Rentals—How to Get BIG Cash Flow Out of Small Properties ALE Solutions DANHousing Furnished Finder Stats Book Mentioned in the Show 30-Day Stay by Zeona McIntyre & Sarah Weaver Connect with Jesse: Jesse's BiggerPockets Jesse's Instagram Midterm Rental Summit Jesse's Website Jesse's YouTube Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-728 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Short-term rental investing is where the big bucks are made. Unlike long-term traditional rental properties, short-term rental hosts can charge higher daily rates, allowing them to lock in far higher revenue. This revenue number grows exponentially the bigger, better, and more unique a property gets. So, a Spanish-style Scottsdale mansion will rent out for a LOT more than a traditional large home. And that’s exactly what we have on this episode of Seeing Greene; a Scottsdale, Arizona mansion bringing in over $300,000 per year! On this special edition of Seeing Greene, David Greene and Rob “Robuilt” Abasolo will give a Deal Deep Dive on their latest partnership property. This massive mansion in sunny Scottsdale was one of the most expensive properties Rob had ever bought, but with the help of David, they’ve been able to turn it into a cash cow, even as headaches pop up. David and Rob walk through the property cost, how they found it, the renovations they made, and how much they expect to bring in this year. They also share guest stories that’ll make you feel sympathy for any vacation rental host, the problem with pool heaters, and what to do when your guest pulls a Glock on your house cleaner. These are the stories most vacation rental hosts won’t tell you, so stick around if you want to hear all the cash-flowing details! In This Episode We Cover: Scottsdale real estate and why David and Rob picked this perfect vacation rental destination  The downside of buying dozens of properties and why one large purchase beats many small ones Finding an investor-friendly agent and why you NEED a rockstar in your real estate market How much David and Rob spent on furnishing, painting, and fixing this property David’s five-point matrix for a profitable rental property Guest horror stories and why you should ALWAYS keep your TV manual And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter BiggerPockets Podcast 680 with Direct Booking Expert, Mark Simpson The Ultimate Guide to Short-Term Rental Properties Airbnb Horror Stories (& How You Can Prevent Your Own) Watch Rob’s Vlog on The Scottsdale Mansion Learn More About David’s Upcoming Retreats Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-727 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Your lowball offer might seem offensive to most sellers. But, when phrased and timed correctly, you’ll be able to lock down real estate deals at the perfect price, sometimes without the seller even knowing it. Unfortunately, most real estate investors make a MASSIVE mistake when negotiating. Too often, they ask for everything they want when making an offer, not knowing there are ways to get an even better price later on. Want to see how this sneaky style of negotiation works? Stick around! We’re back with our real estate mentees as they get one step closer to buying their next property and building their dream real estate portfolio. First, we chat with Philip, who lost out on the perfect deal but now knows a better way to get properties under contract. Then, Danny joins us as he stays on the hunt for a multimillion-dollar multifamily but is struggling to find reasonably priced properties in his area. Finally, Wendy is on as she debates which of her rentals have the best medium-term tenant potential. She also dives into a new market that could be perfect for her high-cash flow house hacking strategy. We also get deep into the mindset of these intermediate investors. We’ll talk about why it’s so hard to let go of a great deal, how to systematize your learning so you’re constantly leveling up your skills (even during a busy day), breaking through analysis paralysis, and why your limiting beliefs are often untrue. So if you want to tee up your next real estate deal like Philip, Danny, and Wendy, tune into this episode!  In This Episode We Cover Why you NEVER submit your final offer when trying to get a perfect property under contract Buying raw land and how to perform due diligence on an untraditional asset  Embracing the chaos and how to build your real estate portfolio with a jam-packed schedule  Why 2023 is the perfect market to write “offensive offers” on properties  Medium-term rental investing and which markets work best for it Analysis paralysis and how your mind tricks you into not succeeding  The ONE thing that most house hacking investors forget when looking for new deals  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-726 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

To invest in real estate, you need to have a strong why. Without it, you won’t get far, and the first fumble that comes your way may be your last. That’s why having a solid reason behind your real estate investing can keep you going while the rest give up. And this is precisely what Suni Rao’s success is built on as a former pro tennis player turned financial analyst and now ten-unit real estate investor. You may think you know her story already since she was a former pro, but you’d probably be wrong. Suni was raised in a household of domestic violence. As a child, she knew that if she only had enough money, she could escape and finally be free of the abuse. So when the opportunity came for her to play pro tennis at a young age, she took the chance without ever looking back. This dream continued until her early twenties, when she was physically forced to give up her goal of winning the world’s biggest tournaments. She took a hard pivot, eventually leading her to climb the corporate ladder, only to have some crushing feedback knock her off. However, none of this stopped Suni from building the life she wanted in the background. After one property came another, and another, and another. Now, with ten units to her name, she’s making massive strides toward financial freedom and is here to tell you exactly how you can do the same.  In This Episode We Cover Financial insecurity and how to regain your freedom through real estate investing  House hacking and using it as a stepping stone to invest in bigger, better properties  Leaving the corporate ladder behind to build your own wealth without an employer  Sports lessons of resilience that any real estate investor can relate to  How to stop limiting beliefs and doubts from derailing your dreams  Why property class matters and how buying in better neighborhoods will make you more  How to “force appreciation” and gain massive equity on your properties  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-725 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

You need to know how to scale your real estate portfolio. You’ve been stuck at the same number of units, dealing with the same problems for far too long. But what can you do? At what point do you reach a limit to the number of rentals you can take on? Is there even a limit at all? For most investors, hitting a wall in your real estate portfolio can feel like the beginning of the end. For David Greene, this just shows that you need to scale a little smarter. And today, he’ll show you exactly how to do it. David, at one point, had a portfolio of over fifty single-family homes. As a result, he was constantly getting calls about evictions, maintenance issues, late payments, and the everyday landlord headaches. He realized that he was spending all his extra cash flow fixing the regularly sprouting problems, so he decided to pivot. Now, he has a cash-flowing, profitable, passive real estate portfolio with multiple types of rentals nationwide and far fewer headaches. Not only that, he’s leading a top real estate agent team, teaching his top agents the same skills in his newest book, SCALE: A Successful Agent’s Guide to Leveling Up Their Real Estate Business. In it, David teaches top agents how to leave the mundane headaches behind and start building a business. But this book isn’t just for agents. If you’re an investor, the same rules apply to you, and learning these skills can help you leverage time, money, and other workers to help you grow an even bigger business. Pre-Order SCALE now, and use code “SCALE724” to get a special discount and access to exclusive pre-order benefits.  In This Episode We Cover: A deep dive into David’s newest book, SKILL How David went from blue-collar worker to seven-figure business owner  The two pieces of any successful system (and the part EVERYONE screws up) Why finding your weakness is the key to unlocking wealth  Learning how to leverage time, money, and workers to build your business bigger The “three dimensions” of scaling and which one you MUST start putting into practice today Fish-cleaning vs. fish-catching and how to adapt your skills when building your real estate portfolio And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter The 5 Things You Need to Build a $1,000,000+ Rental Portfolio Books Mentioned in the Show SCALE by David Greene (Use Code “SCALE724” at Checkout) SKILL by David Greene SOLD by David Greene BRRRR by David Greene Long-Distance Real Estate Investing by David Greene Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-724 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The 2023 recession is both an opportunity and a danger for real estate investors nationwide. Falling prices, rising mortgage rates, and an uncertain housing market have made buying rental properties riskier than at any other time in the past ten years. But, the flip side of this coin is that a lack of buyers and harsh buying conditions makes it easier than ever to pick up homes in grade-A areas, many of which could help you realize massive returns in the future. So, is now the time to buy? Welcome back to Seeing Greene, where expert investor, agent, broker, and author, David Greene, answers your recession-based real estate questions on the spot. We take questions from new investors struggling to find cash flow in today’s challenging market and long-term property owners who don’t know what to do with all their equity. We’ll also hit on the touchy subject of when to quit your job, when you have too much debt to invest, and the difference between a property manager and an asset manager (most people get this wrong!). Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Why cash flow is NOT the most important metric when buying in 2023 Using the recession to snag better deals on homes in appreciating areas  Selling vs. renting and what to do with a house that has heaps of equity  When to quit your W2 and whether or not doing so in a recession is too risky  Overleveraging yourself and why you may want to hold off on investing if you have high debt  Lease options and using them to buy properties from on-the-fence sellers  Asset management vs. property management and how these two titles differ  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David 10 Challenges to Seriously Consider BEFORE Quitting Your Day Job Join David’s Scottsdale Retreat Books Mentioned in the Show SCALE by David Greene SKILL by David Greene How to Invest in Real Estate By Joshua Dorkin & Brandon Turner Recession-Proof Real Estate Investing by J Scott Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-723 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Cash flow, cartels, building a real estate empire, and everything in between—this is the story that many have yet to hear. The world of a real estate investor can seem glamorous. There are always so many properties, cash flow, retreats, speaking events, and jam-packed, money-making schedules that most nine-to-five workers would be envious of. However, what you’re seeing is the result, not the journey. What about the seven-day work weeks, the night shifts, the financial stress, the bad tenants, and the failures? This is what made David Greene what he is today. To most, David Greene is the epitome of an entrepreneur. He owns a multimillion-dollar real estate portfolio, multiple cash-flowing companies, and hosts the best real estate podcast ever (we’re not biased). But just fourteen years ago, this was far from his reality. David was waiting tables, working at restaurants, trying to become deputy sheriff, and had no real estate to speak of. He sacrificed almost every weekend to make more money so he one day could own his schedule. In this episode, you’ll hear precisely how David hustled for years to buy his first property, how his first tenant stole thousands from him, the long nights he spent working overtime to save up even more, and how eventually everything clicked, and he started building wealth at record speed. If you want an authentic look into the making of a real estate tycoon without the rose-colored hindsight, this is the episode to tune into. In This Episode We Cover: Investing during the great recession and why most investors wouldn’t touch real estate The worst first-rental property experience ever and why you NEED to screen your tenants Why every investor needs to respect money, not just try to make more of it Doing whatever you have to do to save up, invest, and build a brighter future for yourself  Building the BRRRR strategy and accidentally finding a way to recycle down payments Out-of-state investing and how to pivot when your market becomes too expensive Strengthening your financial foundation so you can invest wisely and work way less Rob and David’s Russian-Mexican Spanish and how to confuse everyone in Latin America And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene Books Mentioned in the Show BRRRR by David Greene Long-Distance Real Estate Investing by David Greene SCALE by David Greene SKILL by David Greene SOLD by David Greene Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-722 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

A commercial real estate crash is looking more and more likely in 2023. Rising interest rates, compressed cap rates, and new inventory about to hit the market is making commercial real estate, and multifamily more specifically, look as unattractive as ever to a real estate investor. But with so much money still thrown at multifamily investments, are everyday investors going to get caught up in all the hysteria? Or is this merely an overhyped crash that won’t come to fruition for years to come? Scott Trench, CEO of BiggerPockets and host of the BiggerPockets Money Podcast, has had suspicions about the multifamily space since mortgage rates began to spike. Now, he’s on the show to explain why a crash could happen, who it will affect, and what investors can do to prepare themselves. This is NOT a time to take on the high-stakes deals that were so prominent in 2020 and 2021. Scott gives his recommendations on what both passive and active investors can do to keep their wealth if and when a crash finally hits. But that’s not all! We wouldn’t be talking about multifamily without Andrew Cushman and Matt Faircloth, two large multifamily investors who have decades of experience in the space. Andrew and Matt take questions from two BiggerPockets mentees, Philip and Danny, a couple of California-based investors trying to scale their multifamily portfolios. If you want to get into multifamily the right way or dodge a lousy deal, stick around! In This Episode We Cover: The commercial real estate crash and bad news for high-interest rate investors Cap rate compression, rent stagnation, and red flags for the multifamily market  Recommendations for both active and passive multifamily investors How to vet a real estate syndication deal when raising private capital Scaling from small to large multifamily and why the jump is easier than you think Cash flow vs. appreciation and which is a better bet if valuations start to tank Balloon payments, adjustable-rate mortgages, and risky financing options putting new investors in a tough spot And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Understanding Rental Property Depreciation—A Real Estate Investor’s Guide House Hacking 101—What It Is and How to Get Started Your Debt-to-Income Ratio Can Make or Break Your Investing Career On The Market Podcast 65 with Ben Miller On The Market Podcast 71 with Brian Burke BiggerPockets Real Estate Podcast 708 BiggerPockets Real Estate Podcast 719 Book Mentioned in the Show The Hands-Off Investor by Brian Burke Connect with Andrew, Matt, Dave, and Scott: Andrew's BiggerPockets Profile Dave's BiggerPockets Profile Matt's BiggerPockets Profile Scott's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-721 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

How important are mortgage rates to real estate investing? Should I take out as much depreciation as possible to lower my taxes? And what should I do when my DTI (debt-to-income) ratio is too high? You’ve got the questions, and David Greene has the answers! On this episode of Seeing Greene, David goes high-level, getting into the topics like real estate tax benefits, return on equity (ROE), and why loans and leverage are riskier than most rookies think! We’ve got questions from house hackers, BRRRRers, multifamily and commercial investors, and more on this week’s Seeing Greene. First, we hear from a college student trying to house hack in an expensive housing market. Then, a family who has outgrown their space and wants to use creative financing to buy their next primary residence. And finally, a mother concerned that real estate investing could affect her children’s stability. Don’t know what you’d do in these situations? Then, stick around! David’s got the answers! Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: How to house hack even in a high-priced housing market BRRRRing into a higher interest rate and when it makes sense to cash out Creative financing strategies and whether or not they’re worth using for residential real estate Margin loans and when it makes sense to take out leverage from your stock portfolio  ROI (return on investment) vs. ROE (return on equity) and how to value a primary turned rental property House hacking’s effect on family life and when moving isn’t worth the money Bonus depreciation explained and the short-term gain, and long-term pain of big tax deductions And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Understanding Rental Property Depreciation—A Real Estate Investor’s Guide House Hacking 101—What It Is and How to Get Started Your Debt-to-Income Ratio Can Make or Break Your Investing Career Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-720 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Knowing how to find real estate deals can be challenging for new and experienced investors. For those who want to build bigger portfolios beyond just buying single-family rental properties, finding multifamily, development, or perfect medium-term rental deals can be a struggle. You have to be in the know and have a network full of agents, brokers, lenders, and other investors who can throw deals your way, so you don’t have to dig through the scraps that bigger investors (or investment firms) have left behind. This is a struggle that all three of our ninety-day mentees have faced since we spoke to them last. We’ll be getting updates on all their situations in today’s episode as David and Rob work to get them to their next investments as soon as possible. First, we talk to Philip, who’s still struggling to find adequate land for his future resort. He’s successfully made one offer but has yet to receive a counter. Next, Wendy wants out of turnkey rentals and is looking into more cash-flow heavy real estate investments like medium-term rentals that can provide her the retirement she dreams of. Lastly, we talk to Danny, who’s struggling to connect the dots that will lead to his next property. As an introvert, finding contractors in the field has become challenging, although he has started to reach out to other investors he knows in his area. A common thread in this episode is that ALL our mentees are finding a pain point stopping them from reaching their next property. Of course, what they do next is entirely up to them, but you’ll hear case-by-case advice from David and Rob, which could also help you on your next deal! So if you’ve hit a roadblock on your path to real estate wealth, don’t give up—tune in! In This Episode We Cover: Purchasing raw land and the pros and cons of trying to buy what is worth developing  Private money lending and raising private capital as a way to make more income on the side  How to increase your real estate deal flow and get more properties (or parcels) sent to you The high-cash flow world of medium-term rental investing and why it may be worth converting your units  How to find contractors, real estate agents, and other team members for your next investment  Networking 101 and what introverts can do to build a list of other investors who can help them along their way  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Hear the First 90-Day Mentee Episode Jesse's Instagram Book Mentioned in this Episode 30-Day Stay by Zeona McIntyre & Sarah Weaver Connect with Danny, Philip, & Wendy: Danny's BiggerPockets Profile Philip's BiggerPockets Profile Wendy's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-719 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Most 2023 housing market predictions sound like this, “The sky is falling! Sell everything! Houses will be worth $1 next year! This is just like 2008!” Look at the track record of those who shill predictions like this. These are the same forecasters who have been predicting a crash will happen at some point over the last ten years. Now, with a whiff of fear in the air, mainstream real estate journalists will do anything they can to convince you we’re having a repeat of 2008. However, this is far from the truth. But how could we forecast the 2023 housing market without data? And where there’s data, there’s Dave Meyer, VP of Data and Analytics at BiggerPockets and host of the On the Market podcast. Dave and his team have recently released “The 2023 State of Real Estate Investing Report,” which gives all the housing market data you need to invest successfully in 2023. In it, Dave shares how the 2022 housing market flipped once the Fed raised rates, how supply and demand have been affected, and what we can expect for 2023. Dave will also go over the three investing strategies he feels are more appropriate for investing in 2023, including a completely passive way to invest, a cash flow and appreciation combo, and how buyers can take advantage of this market to get deals at a steep discount. While we can’t predict the future, we can give you our best insight into what you can do to build wealth in 2023. So turn off the mainstream fear forecasting and tune into real news designed to make you richer! In This Episode We Cover: Why 2023 is not a “normal” housing market and the details leading up to today’s state The “levers” that affect home prices and why 2023 is NOT the same as 2008 Seller’s vs. buyer’s markets and where prices are most expected to dip Homebuyer demand and how unaffordability has caused most buyers to sit on their hands Mortgage rate increases and how the Fed is using high rates to combat inflation The three strategies that work in today’s housing market and how to invest while others sit on the sidelines 2023 housing market predictions and when we could potentially see home prices bottom And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Books Mentioned in this Episode Real Estate by the Numbers by J Scott and Dave Meyer Real Estate Note Investing by Dave Van Horn Connect with Dave: Dave's BiggerPockets Profile Dave's Instagram “On the Market” Podcast “On The Market” YouTube Channel Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-718 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Hoarder houses, hidden tax benefits, and how to invest when getting a late start—it’s all answered on this episode of Seeing Greene. We’re back, and David has brought some new questions never answered before on the show. This time, we’ll touch on some sticky situations, like creative ways to buy a hoarder house and whether investing in a tricky renovation is even worth the potential equity. We also hear about David’s secret system for getting contractors to always show up on time and get the job done, no matter what! Not only those topics, but we also have some questions and answers that fluctuate with the market cycles. David will hit on the advantages of flipping vs. BRRRR-ing a property, the best real estate exit strategy to go from active to passive income, and what investors who got a late start can do now to get ahead. This episode has something for EVERY level of investor, from beginners who need to get into their first rental to investors looking to turn their rental properties into lower tax bills. So stick around if you’re investing or trying to invest in 2023! Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Flipping vs. BRRRRing and when selling beats holding a home The best way to start investing that’s easily repeatable and doesn’t require much cash Dealing with difficult contractors and what you can do to ensure they show up on time every day Real estate exit strategies and how to sell a rental without suffering a massive tax burden The hidden real estate tax advantages that most investors overlook Advice for late starters who want to invest in real estate and whether equity or cash flow is worth chasing And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Learn More About the Short-Term Rental Tax “Loophole” 5 Tips to Help Investors Handle Hoarder House Situations 3 Exit Strategies You Need to Have When Investing in Real Estate Books Mentioned in this Episode Long-Distance Real Estate Investing by David Greene Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-717 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Financial independence is something that people spend decades trying to achieve. For the average American worker, this can be a slow grind, saving a few hundred dollars a month, hoping to be financially free at sixty-five so they can finally enjoy retirement. The problem? You spent three or four decades at a job, waiting to do what you want. If you’re going to crack the code to financial freedom, retire early, and live and work on your terms, you might want to follow Greg Cullen’s strategy. Greg has been hustling since he was a teenager. He was bringing in a full-time salary at age sixteen after building a sign-spinning business with over a dozen workers. He always knew the key to success was finding smart ways to make more money. So, when Greg was offered a full-time salary, he turned it down for a sales job with no cap on commissions, allowing him to save money at a far faster rate, and reach financial freedom well before the age of thirty. But Greg didn’t need some colossal empire of cash-flowing rentals. Instead, he’s financially free with only ten units, all of which he bought in under a decade. So how did someone like Greg, without real estate experience, scale his income up so fast? In this episode, you’ll learn what Greg did to purchase properties at lightning speed, the Chick-fil-A rule of real estate you should adopt, and how failing is the only successful way to hit financial freedom early. In This Episode We Cover: Why choosing a commission-based job, with uncapped earnings, beats a salary almost always Sign spinning and creative ways Greg made big money as a teenager The Chick-fil-A real estate rule that all investors should follow when picking a rental property market Common investing hurdles and how to deal with massive burnout when trying to make more money The laws of power that every entrepreneur, investor, or employee must know to level up What to do when real estate partnerships go wrong and turning a stressful situation into a killer deal And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Hear Our Interview with “The 48 Laws of Power” Author, Robert Greene Books Mentioned in this Episode The Concise 48 Laws Of Power by Robert Greene Rich Dad Poor Dad by Robert Kiyosaki Connect with Greg: Greg's BiggerPockets Profile Greg's YouTube Greg's Instagram Greg's TikTok Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-716 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Search “how to make passive income” online, and there’s a good chance you’ll see “real estate investing” on every list. Why? Real estate investing is one of the most time-tested, stable, and repeatable ways for the everyday American to get rich, build wealth, and start collecting passive income every month. But you’ll never get going if you don’t know where to start. So to make your 2023 as successful as ever, David Greene, investor, agent, and host of the BiggerPockets Real Estate Podcast, sat down to walk through the eleven steps it takes to go from onlooker to real estate investor. Real estate is NOT a “get rich quick” type of investment, but it can help you build wealth in a surprisingly short amount of time. Just ask David, who spent years working overtime as a cop, slowly building up a real estate portfolio that eventually led him to hit financial freedom before most people buy their first house! In this episode, David will walk step-by-step through everything a new investor must do to get their first rental property, how to analyze real estate deals once you find them, and how to repeat the system, so your passive income stack grows bigger every year! Want to become a real estate investing expert in 2023? Sign up for BiggerPockets Pro, where you’ll get access to real estate tools and calculators, bootcamps for any investor, lease agreement packages for all fifty states, unlimited webinar replays, and exclusive videos. Start the new year off right by upgrading to BiggerPockets Pro, and use code “NEWYEAR” at checkout for a special discount!  In This Episode We Cover: How to make 2023 your best real estate investing year EVER  David’s slow start and going from almost giving up to financial freedom in only a few years How to analyze a real estate deal from start to finish (with a LIVE example) The 11 KEYS to success when starting in rental property investing How to find real estate deals in ANY market using the LAPS funnel Setting goals and why so many people fall short of their new year’s resolutions Using BiggerPockets Pro to get your first (or next) real estate deal even faster!  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Sign Up for BiggerPockets Pro and Use Code “NEWYEAR” for a Special Discount Rental Property Calculator Rent Estimator Pro-Exclusive Videos Grab the Best-Selling BiggerPockets Books Get Your Ticket to BPCon 2023!   Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-715 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

What’s your real estate retirement plan? How should you fund your rentals? And why is today’s housing market so hard to cash flow? These are just some of the questions that regular real estate investors ask themselves. In a high interest rate, low inventory environment like 2023, landlords need to find better deals, use better financing strategies, and look for different ways to profit, to turn their portfolios into passive income-generating machines. Welcome back to a Seeing Greene episode that has questions from all over the nation. Some investors wonder why their cash-on-cash return numbers look so bleak. Others are debating using a HELOC (home equity line of credit) to buy rentals, even as interest rates continue to rise steadily. You'll hear answers to those questions all while David touches on topics around buying for cash flow vs. appreciation, how to buy rental properties while in college, how to find off-market properties, and where to meet private money lenders! Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!  In This Episode We Cover: Starting a construction company and using this lucrative trade to invest faster Cash-on-cash return and why appreciating markets are crunching down on potential cash flow Single-family vs. multifamily real estate investing and when to favor appreciation over cash flow Using a HELOC to buy rental properties vs. saving up your cash for a down payment Investing while in college and how to get approved for a mortgage even if you don’t have full-time income Where to find off-market real estate deals and reach motivated sellers And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Ask David Your Real Estate Investing Question Amy Mahjoory's Masterclass on Private Lending Part 1 Amy Mahjoory's Masterclass on Private Lending Part 2 Amy Mahjoory's Masterclass on Private Lending Part 3 Amy Mahjoory's Masterclass on Private Lending Part 4 How to Calculate Cash-on-Cash Return Learn More About David’s Full Real Estate Team David's BiggerPockets Profile David's Instagram David’s YouTube Channel Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-714 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Chances are you’ve seen the movie Top Gun before. This exhilarating film showcased the almost unbelievably intense reality of being an elite pilot in the military. And behind many of those awe-inspiring stunts and scenes was John Foley, Blue Angels pilot, entrepreneur, real estate investor, public speaker, and all-around inspiring human being. John has performed these death-defying stunts for years and successfully became the one percent of the one percent of pilots. His key to success? Failing hard. As soon as John saw the Blue Angels perform as a child, he dreamed of doing the same. It took him eighteen years to accomplish his dream, but it came with a cost. Before hitting his performance peak, John made a flight mistake that could have ended his career and another pilot’s life. Thankfully, this ill fate was avoided, but John still had to live with the consequences of making such a massive mistake. As a result, John reframed and rewired his brain to be better, retain more, keep his composure, and be “glad to be here.” He’s made his way up to the highest level of flying and knows the key to elite success. The surprisingly simple method is laid out in today’s show, as John walks through the five steps he goes through every day to improve his life constantly, always be grateful, and never leave a day to waste. So if you want to push yourself to the next level, accomplish more than you think you’re capable of, and live more life in the moment, tune into this episode! In This Episode We Cover: Knowing your blind spots and why witnessing your weaknesses can boost your skills Why complacency kills and thinking you’re “good enough” can drag you down  The benefits of a debrief and why you always want to know what you did wrong  Finding your “why” and turning it into the driving force behind your success  The “glad to be here” method and why it’s a “wonder drug” for human happiness  How the 1% of any skill set optimize their performance and push others to do the same  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership Here’s Why Failure Is NEVER the End of Your Real Estate Journey Book Mentioned in this Episode Fearless Success by John Foley  Connect with John: John's Website John's Instagram John's LinkedIn John's Podcast Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-713 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Short-term rentals can be categorized, at least at a surface level, as the “easiest” investments of 2021 and 2022. With low interest rates and a surge of post-pandemic tourism, new hosts were buying homes for cheap monthly payments, throwing some furniture in them, and making a six-figure return within a year of owning just one property. Naturally, this led more and more hosts to start building bigger vacation rental empires, buying as many properties as possible and inflating prices as a result. But, the boom in BnBs caught on quickly, and more investors began tackling the same strategy. Before long, there were more short-term rentals than ever, but the same number of guests occupied them. Now, short-term rental hosts are facing lower occupancy as they struggle to compete over which properties will get which guests. So, is this the end of the short-term rental industry, or is the data showing something completely different? We brought on Jamie Lane, Vice President of Research at AirDNA, to give us a glimmer of hope. Jamie knows short-term rental data better than anyone else. He knows which markets are growing, which are declining, which amenities get you the highest ROI, and why last-minute bookings aren’t a bad thing. He gives us a deep dive into what’s affecting the short-term rental market as a whole, whether it’s on a decline, and what hosts can do to beat out the competition when trying to fill their listings. In This Episode We Cover: The “BnBust” and why so many short-term rental hosts are facing low occupancy  2023 short-term rental predictions and the effect a recession could have on the industry The best short-term rental markets and which tourist cities will remain strong Short-term rental regulations and how they may be a good thing for existing hosts Last-minute bookings and using dynamic pricing to make these stays more profitable The top amenities guests want in their vacation rental in 2023 Superhost status and the massive boost in bookings it can lead to And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Hear More from Tony on the “Real Estate Rookie Podcast” Use the BiggerPockets Airbnb Calculator Try AirDNA Today Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Tony's BiggerPockets Profile AirDNA 2023 Outlook Report AirDNA November 2022 Data Connect with Jamie: Jamie's LinkedIn Jamie's Twitter Jamie's Podcast   Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-712 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Multifamily real estate investing was almost impossible to break into over the past few years. Even those that had been in the field for decades were finding it challenging to get offers accepted or deals underwritten. Investors were throwing in almost unbelievable amounts of non-refundable earnest money, going well over asking price and analyzing deals at lightning speed, which often led to mistakes, not more money. But the tables have turned, and now, thanks to high interest rates, the buyer is in the driving seat. And how could it be a multifamily episode without Andrew Cushman and Matt Faircloth? These two expert multifamily investors have been buying apartments for decades and helping others do the same! In this episode, Andrew and Matt break down what has gone on in the multifamily markets, why cap rates haven’t kept pace with interest rates, and what buyers can do now that sellers have lost most of their bargaining power. You’ll also get to hear their multifamily predictions for 2023, how far they expect prices to fall, and what you can do to start or scale your multifamily investing this year! Then, Andrew and Matt take questions from the BiggerPockets forums and live Q&As with new multifamily investors. These topics range from property classes explained to raising private capital from investors (who aren’t your mom) and the risks and rewards of investing in smaller markets. Whether you’re interested in duplexes, triplexes, or two-hundred-unit apartment complexes, Andrew and Matt have answers for you! In This Episode We Cover: The mortgage and cap rate battle and how the two are unbalanced in 2023 The multifamily buyer’s market and why now is the time to aggressively chase deals 2023 housing market predictions and what multifamily investors can expect  How to start, or scale, your multifamily real estate portfolio this year  Long-distance real estate investing and assessing a property market from afar How to raise money from private investors and expanding your network The hidden dangers behind investing in a small, tertiary markets And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Andrew's BiggerPockets Profile Andrew's LinkedIn Vantage Point Acquisitions Matt's BiggerPockets Profile Matt's Instagram DeRosa Group Paul Moore’s Article on Interest Rates and Cap Rates Books Mentioned in the Show: Long-Distance Real Estate Investing by David Greene Raising Private Capital by Matt Faircloth The Intention Journal by Brandon Turner Connect with Philip & Daniel: Philip's BiggerPockets Profile Philip's Instagram Philip's Website Daniel's BiggerPockets Profile Daniel's Twitter Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-711 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Assisted living investments may be the most underrated, unknown, but ridiculously profitable real estate investment out there. For many investors, turning their single-family home into assisted or senior living seems like an impossible task. Don’t you need to have a medical background? Do you need a license? Can anyone do it? Instead of getting caught in analysis paralysis, Antoinette Munroe looked at the numbers, decided to take the jump, and hasn’t looked back. And after hearing her story, you might do the same! Antoinette found financial freedom in just a few years with vacation rental investing. She used the game-changing strategy of house hacking combined with short-term rentals to profit over a thousand dollars a month, all while living in her own house. She slowly started building her empire, buying one property a year while working towards financial independence. She reached her ultimate goal, retiring early after only a few years of investing. Then, things started to change. With new regulations rolling in, Antoinette had a large slice of her business about to be shut down or restricted at best. She needed to pivot to something that would make her the same money while still being passive enough to live the newly-retired lifestyle. When she heard about assisted living, she knew she had to run the numbers to see if the hype matched reality. The income was astonishing, and now she’s dedicated her time, money, and resources to building an assisted living empire that'll pay her much more than the vacation rentals before. In This Episode We Cover: The “game-changing” house hacking strategy that will help you reach financial freedom faster Why you DON’T need to build a large real estate portfolio to retire early Short-term rental regulations and how they’re delivering a blow to new investors Pivoting your strategy to make even more money when everything is going wrong Assisted living investing explained and how you can get in on the high-income action The funding/financing mistake that Antoinette made and why you MUST avoid it The bright side of short-term rental investors and improving your community while making passive income And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Rob BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Hear Antoinette’s Story on the “BiggerPockets Money” Podcast Here’s Why You Should Consider Investing in Senior Living Do New Short-Term Rental Regulations Make Investing Risky? Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-710 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Before buying a rental property, real estate investing can seem scary. Only experienced landlords know how to deal with closing delays, overbudget rehabs, and tenant issues. But that doesn’t mean you have to come in blind on your first real estate investment. If you have the proper knowledge, expectations, and systems set up, you can build a real estate portfolio faster than the rest, which is what Ashley Kehr, author of Real Estate Rookie: 90 Days To Your First Investment, did. Ashley hosts the Real Estate Rookie Podcast, where she interviews new investors who have had one or a few successful deals. She’s seen what it takes for someone to go from bystander to investor and wants to make sure you can purchase your first investment property too. On today’s show, Ashley walks through her pre-closing checklist, where she details everything from due diligence to budgeting renovations and rehabs, how to negotiate with sellers, where to find insurance and more. This is just a brief glimpse at everything you can find in Ashley’s new book, and combining these golden nuggets with what is shared in Real Estate Rookie will get you on a faster path to landlord life and passive income. So, if you’ve been waiting to invest or feeling like you don’t know what you don’t know, this may be the perfect episode to start. Tune in, grab the new book, and get ready to make some property purchases in 2023! In This Episode We Cover: The pre-closing checklist and everything a new investor should do before they come to closing Due diligence and how to ensure title work, home insurance, and taxes are ready Renovation and rehab budgeting and how to build a scope of work even when investing out of state Negotiating with a seller on both on and off-market deals and the pros/cons of using an agent How to smoothly communicate with a seller or agent so you can get a deal done quicker (and with less stress) Landlord insurance and how to find a policy that works for you before you close And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Real Estate Rookie Podcast Books Mentioned in the Show Long Distance Real Estate by David Greene Real Estate Rookie by Ashley Kehr You’re Not Listening by Kate Murphy Hug Your Haters by Jay Baer Connect with Ashley: Ashley's BiggerPockets Profile Ashley's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-709 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

There’s a big difference between a real estate portfolio and having a few rental properties. Casual real estate investors can slowly start stacking one or two units a year and eventually end up with financial freedom, but often with stress and headaches that match their cash flow. Other investors, like David Greene and Rob Abasolo, take a more goal-oriented approach, building millions of dollars of wealth in under a decade with a portfolio that is self-sustaining, not self-defeating. Our goal here at BiggerPockets is to help YOU find financial freedom by following the same steps as investors like David and Rob. In the same spirit, David and Rob have decided to sit down with three mentees and give them one-on-one coaching to get them to their ultimate goals. These mentees are all at different stages of their investing journey, focusing on different strategies with different properties. First, we talk to Philip, a school teacher who dreams of building out glampsites and campsites, all while developing cash-flowing retreat centers. Secondly, we talk to Wendy, an investor stuck in the “turnkey trap” who wants to escape her job and the low cash flow of “easy” investing. Lastly, we talk to Danny, a multifamily investor who wants to scale faster to regain his time. All of these mentees have the same goal: financial freedom. If you’re trying to find your way out of the rat race and into the wealth-building realm of real estate, these are the episodes for you. We’ll continuously be checking in on our guests, giving them action items, and helping them work through any roadblocks that come their way. So stick around for the journey; you might hit financial freedom faster! In This Episode We Cover: Investing in glamping, camping, and retreat centers and why developing may be a costly move How to find a real estate agent/broker who can source your PERFECT property (even if it’s VERY niche) The “turnkey trap” and why easier investing often leads to lower returns Why working in real estate as you build your portfolio is a cheat code for investors  House hacking, rental arbitrage, and creative ways to rent your properties for more How to scale from small to large multifamily investing and how to find your own mentor And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Rob's BiggerPockets Profile Hear Our Interview with the Discount Lots Founders How to Plan for (and CRUSH) Your 2023 Goals Book Mentioned in the Show Long Distance Real Estate by David Greene Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-708 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The 1031 exchange is a strategy that helps investors build more passive income, with fewer properties, all while avoiding the tax man. While many real estate investors know about this strategy, only a few of them know it well enough to pull it off. The rules are simple; sell a property, buy another property with the proceeds, and pay no capital gains tax. But, this is far easier said than done, and it’s much easier to make mistakes than most people think. Even our real estate hero, David Greene, had a 1031 exchange go awry. To clear up the misconceptions, highlight the common mistakes, and guide us to tax-advantaged freedom, we’ve brought on 1031 exchange expert, Ryan Finch, to the show to share everything he knows about this misunderstood, often misused strategy. Ryan is a real estate investor at heart, house hacking as a sophomore in college to live for free. After working at multiple commercial real estate and development companies, he got the itch to start investing heavier himself and help others propel their wealth. Now, Ryan works to help real estate investors and everyday homeowners make the most out of their equity. Ryan has unlocked the tools that have allowed those with home equity to build passive income streams, buy bigger, better properties, and reduce much of their landlord burden, all in a single transaction. If you’ve been sitting on some post-2020 equity, this episode will teach you how to use it as fuel for your financial freedom fire, all while ditching the tax bill that comes with selling! In This Episode We Cover: The 1031 exchange explained and using it to avoid taxes (legally) Converting home equity into cash flow and when selling makes more sense than refinancing How both the government and real estate investors benefit from the 1031 exchange  What to know before you use a 1031 exchange and the three rules you MUST pay attention to 1031 tax benefits, depreciation, and cost segregation to massively lower your tax bill The most common mistakes investors make when doing their first 1031 exchange And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel 1031 Exchange—A Definitive Guide for Real Estate Investors Will a 1031 Exchange Help Grow Your Portfolio? How to (Legally!) Avoid Capital Gains Taxes on Real Estate Rich Dad’s CPA on How ANY Investor Can Avoid Taxes IPX Asset Preservation Inc First American Connect with Ryan: Ryan's Website Phone Number: 720-439-6540 Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-707 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to become a real estate millionaire? You’re in the right place. No matter how much money you’re starting with, how much experience you have, or how many Seeing Greene episodes you’ve watched, it’s ALWAYS possible to build wealth through real estate. But that’s easy for someone like David Greene and Rob Abasolo to say, right? They’ve already made it big, with millions of dollars in cash-flowing income properties. But they didn’t start like this. David and Rob have come together to ask themselves, “what would we do if it all came crashing down?” If both of them lost their entire real estate portfolios in one fell swoop, how would they build it back up? Today, we put these two real estate legends in the hot seat and give them the biggest nightmare scenario so they can show you exactly how to build a real estate portfolio from scratch, no matter where you’re starting. David and Rob will also be given certain dollar amounts to use in rebuilding their portfolio. So, if you’ve only got a thousand bucks on you, David and Rob will show you exactly how to use it best to catapult your wealth forward so you can become a real estate millionaire. If 2023 is going to be YOUR year to get started, get going, and get one step closer to financial freedom, we’d suggest following David and Rob’s plan! In This Episode We Cover: The biggest challenges real estate investors face today (and how to solve them) Raising private capital, real estate syndications, and how to use other people’s money to build wealth Mistakes to avoid when building (or starting) your real estate portfolio The four steps to take when rebuilding a real estate portfolio and why building your network is so crucial Rental arbitrage and why it’s a great no money down strategy for cash flow House hacking and the low down payment loans you can use to buy properties for cheap Boosting your brand, creating content, and how to build a reputation in real estate And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Listen to Part 1 6 Mistakes to Avoid How to Make 100% Passive Income How to Build a Real Estate Portfolio from SCRATCH in 2023 The Ultimate Guide to Airbnb Rental Arbitrage How to Become a Real Estate Millionaire (NO Experience Necessary) Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-706 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

You may know how to build a real estate portfolio, but how do you build an unshakeable one? Most real estate investors think that buying a few dozen dirt-cheap houses is all they need to do to make millions and live a life full of passive income. This is far from reality, as your entire net worth could come crashing down as soon as a housing market crash, correction, or new rental policy comes into play. So how do you build a sustainable real estate portfolio—one that will grow your wealth even during the worst of economic times? David Greene has touched on this topic numerous times, often referring to “portfolio architecture” as one of the most crucial aspects of building wealth through real estate. This strategy not only helps you grow wealth but keep it even when everything goes wrong. Don’t believe us? Listen to David and Rob’s individual stories on what happened to their portfolios during the 2020 lockdowns and how quickly they bounced back while other investors had to completely rebuild. In part one of this two-part podcast, David and Rob will go through the most common weaknesses in their real estate portfolios, what could cause everything to come crashing down, and the five most important keys to portfolio architecture. They also talk about diversification and how having just one type of real estate in one location could be a huge mistake. In This Episode We Cover: Why cash flow isn’t as reliable as most investors think and why you CAN’T depend on it The few things that could completely destroy your real estate portfolio  Liquidity and how much cash to have on hand/ready to deploy when things go wrong Why all real estate investors should strive to be “broke millionaires” Real estate diversification and why you want to own rentals in more than one market The five factors of portfolio architecture that EVERY investor must pay attention to And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Buy-and-Hold Investors—Don’t Forget to Diversify Is The Housing Market About to Collapse? How to Build a Rental Portfolio That Nets $10K a Month 4 Tips to Balance Out the Highly Seasonal Nature of Vacation Rentals Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-705 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Land flipping is an unusual real estate investment. Unlike all the rest, there are no utilities, renovations, or tenants to take care of. It’s really as simple as buying a piece of land with high demand and finding a seller who either wants to build or sit on it. But can it be that easy? If land flipping is low cost, low risk, and high reward, why aren’t more investors buying raw land? What are everyday real estate investors like us missing that land flippers like Paul Hersko and Willie Goldberg understand? Paul and Willie, like many investors, didn’t start out in real estate. Willie worked in investment banking while Paul was busy running an ecommerce business. Both were feeling unfulfilled by their work and wanted to build something bigger and better on their own. After a casual skydiving session, Paul and Willie realized they'd be perfect partners together, deciding that buying, selling, and financing raw land was what interested them most. Now they’re making massive multiples on literal dirt, selling plots online to investors and retail buyers who want to own real estate without the big banks, down payments, and high interest rates. Paul and Willie have built an entire business around these types of deals, and even though land is low-cost, you'd be surprised by how much they make off of a simple land sale. This could be the best low-risk real estate investing out there!  In This Episode We Cover: The benefits of buying and selling raw land and why it’s far less stressful than regular rental property investing  Flipping land and why offering owner financing almost always gets the deal done  Building a scalable system for your real estate business and the crucial KPIs to track The risks behind buying raw land and pitfalls to look out for when getting started Why banks refuse to lend on raw land and using the lack of loans as an opportunity  The one US state that Paul and Willie refuse to buy land in  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Dirt Cheap Land Flipping and Reaching Motivated Sellers How To Buy Land & Questions To Ask Before Making Your First Investment Investing in Vacant Land 101 Work with Discount Lots Books Mentioned in the Show Am I Being Too Subtle by Sam Zell The Hard Thing About Hard Things by Ben Horowitz Made in America by Sam Walton Connect with Willie & Paul: Paul's Website Willie's Website Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-704 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Don’t think you know how to buy a rental property? Give us just one hour of your time, and you’ll be able to score your first investment property in the next ninety days! No gimmicks, jokes, or get-rich-quick schemes—David Greene and the BiggerPockets team designed this plan specifically for rookie real estate investors who want to get into the investment property game as soon as possible. So, if you’ve been waiting on the sidelines, hoping to one day reach financial freedom, now is the time to plug in and get ready to invest! David Greene has been investing in real estate for over a decade. Before that, he was a police officer working almost every day of the week, scraping enough money together to buy his first rental property. He reached financial freedom in only a few years, but it took grit, determination, and a tenacious effort to keep moving forwards. Now, he wants to teach you how to do the same, by buying your first rental property in 2023, even with the wild housing market we have on our hands. David walks through six actionable steps you can start taking to get your first property under contract in just ninety days! If you can carve out fifteen minutes of your workweek for the next few months, we know you’ll be closer to investing than ever before. Anyone can follow these steps to start buying real estate, no matter how much experience or money they're starting with. Ready to invest? Hit play!  In This Episode We Cover: How to buy your first rental property in ninety days (or less) The six steps ANY investor can take find, analyze, fund, and buy an investment property  Where to find real estate deals and the easiest (and hardest) way to do so Analyzing a live deal using the BiggerPockets Rental Property Calculator  Funding your first rental property and how to do so even if you have no money  Why real estate investors LOVE BiggerPockets Pro (and why you will too!)  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Sign Up for BiggerPockets Pro and Use Code “GOALS2023” for a Special Discount Rental Property Calculator Rent Estimator Pro-Exclusive Videos Already a BiggerPockets Pro Member? Get the Bonuses from Today’s Webinar Find an Investor-Friendly Lender Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-703 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Renting vs. buying a home, forty-year mortgages, HELOCs, and relationships vs. real estate. There’s something for everyone on this episode of Seeing Greene, as David tackles questions that go far beyond just basic investing. And as the housing market continues to get even more confusing, homebuyers, landlords, and sellers are stuck with some serious debates that only an expert agent, mortgage broker, and investor like David can answer! When choosing to rent vs. buy a home, David uses some geographic-specific data to decide which markets make more sense to own. Then, we have a question on how an interest-only mortgage works, and whether not paying into principal is a waste of time or a better option for cash-flow-strapped landlords. If you’re thinking of buying a property in all cash, David has some advice as to why now may not be the time to use loan-free dollars to get a better deal. Finally, David takes a more personal question from a listener, asking when to put real estate over relationships and why dating feels like a “waste of time” when trying to build wealth. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Buying vs. renting and when house hacking makes sense EVEN if you lose money every month Using a HELOC (home equity line of credit) to buy your first rental and the dangers of doing so Investing in your business vs. buying more real estate and when to do both The “lease-back” agreement and why it’s a phenomenal way to get a tough deal done Buying rentals in cash and why it may be a mistake as the markets shifts more to the buyers Having a social life vs. investing and why so many investors find dating a waste of time And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Renting vs. Buying a House: Which Makes More Sense in 2022? The Pros and Cons of a Lease Forward (or Lease Back) Should You Pay Cash for a House? Maybe Not—Here’s Why Learn More About David’s Full Real Estate Team Books Mentioned in the Show: SOLD by David Greene SKILL by David Greene Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-702 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market is an unstable beast. As soon as you’ve got your footing in one strategy, it violently jerks you into another, often by force. This is how most investors felt during the great recession as flipping profits dried up, home sales fell off a cliff, and investors were faced with a tough question, “who’s going to buy these deals?” While many investors stood on the sidelines, hoping that someone would save them, Eric Brewer did something much different, and it’s a move that’s paid off heavily over ten years later. Before the crash, Eric was a car salesman, but he wasn’t the type you’re imagining. His main strategy was “talk to everyone,” and it earned him salesman of the month almost every month. But selling cars didn’t make for a family-friendly schedule, so he pivoted into real estate investing and took the dealership’s owner with him. They were flipping hundreds of houses a year, making tenfold what they were used to when selling cars. But then the housing crash happened, and once again Eric needed to pivot. Now, instead of just flipping, he’s doing wholesale deals, novation contracts (MUCH bigger profits than wholesale), turnkey rental sales, and more. As the housing market has changed, so has Eric’s mindset, never betting on one strategy to be the one that brings home the bacon. Eric has stayed ahead of the game, blatantly ignores the “expert advice” off-market investors like to peddle, and pivots as soon as the market shows signs of a move. In this flip-flop market we’ve experienced over the past two years, this is EXACTLY what investors need to hear.  In This Episode We Cover: How Eric closes on over thirty real estate deals a MONTH using simple marketing tactics  The biggest “buyers list” no one knows about, and why you won’t find it where you’d think Why most people HATE salespeople, and how to get around the common seller/buyer objections  BRRRRing > flipping and why the tax code favors holders over flippers  Eric’s top ways to find off-market deals and why you should NEVER disqualify a lead  Novation deals and why they’re better and more profitable than wholesaling in 2023 And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Rob's BiggerPockets Profile 7 Situations That Cause Investors to Pivot ( & How to Play the Cards You’re Dealt) The Best Kept Secret for Finding Off-Market Deals How To Find Great Deals by Building an Off-Market List Crash or Correction: Are We Repeating 2008’s Mistakes? Connect with Eric: Eric's BiggerPockets Eric's Instagram Eric's Website Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-701 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Rob Dyrdek is one of the most well-known pro skaters, entrepreneurs, and media figures of all time. He essentially owned the MTV lineup for years with hit shows such as Rob & Big, Rob Dyrdek's Fantasy Factory, and Ridiculousness. At first glance, Rob may look like a phenomenal skater who turned his passion into something profitable. But behind the half pipes is an almost unbelievable amount of discipline, wisdom, and time optimization that only a select few know about. Rob, like many entrepreneurs, ditched school early on when he realized that his talents were best used elsewhere. He left high school at sixteen, went on to compete in the highest level of skateboarding, and started his first company at seventeen. He was bringing in millions of dollars a year at an age where money is almost incomprehensible. Rob was fueled by creation, starting dozens of businesses that were doing millions in revenue but weren’t making a financial difference in his life. So, he took a high-level view of what was worth keeping and cut out everything but that. From then on Rob began investing down two major avenues—businesses and real estate. Most people who follow Rob know about the former, but very few know about the latter. Now, Rob’s on the show to help us celebrate the 700th episode of the BiggerPockets Real Estate Podcast and show us how we too can make millions of dollars by tracking every minute of our day as intelligently as possible.  In This Episode We Cover: Becoming an entrepreneur and Rob’s earliest business ventures Why quantity over quality is key when building businesses and brands Real estate syndications and why Rob will only touch a certain type of property The “soul-sucking” landlord life and why it is NOT for everyone Rob’s recession-proof plan that will make him millions even as investing fear peaks Tracking your life and how doing so will make you richer and happier almost automatically Building your financial framework and how so many doors open after you do so And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Rob's BiggerPockets Profile Why Elite Investors Know Exactly How Much Their Time Is Worth Syndications and Everything You Need to Know BEFORE You Invest Here’s What It Takes to Succeed as an Entrepreneur Connect with Rob Dyrdek: Rob's Website Rob's Instagram Rob's Twitter Rob's Podcast Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-700 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Having a high DTI (debt-to-income) ratio is enough to stop many would-be investors from taking the leap and buying their first, or next, rental property. So, what do you do when your income isn't enough to buy the next property? What if you've used up all your financeability on your primary residence or house hack? How can you squeeze out a loan to buy another property? We’re back on another Seeing Greene episode, where your “one away from seven hundred” host, David Greene, is here to give you practical advice on buying and selling properties. In today’s episode, we take multiple video and written submissions, with topics touching on how to buy more real estate when your debt-to-income is maxed out, what to do with a dangerous tenant, refinancing at today’s high interest rates, and why off-market deals aren’t always what they seem to be. And, if you’ve struggled with setting standards before, you’re in for a special treat, as David gives himself (and all of you) a personal pep talk on expecting excellency. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: The bright side of BRRRRing even with rising interest rates  DTI (debt-to-income) requirements and getting around them for your next deal When it’s worth selling a rental property that has a low interest rate loan on it Off-market real estate deals and knowing when a difficult deal is worth pursuing  Setting high standards for yourself and your team while not getting bogged down by lackluster work effort  What to do when a tenant poses a danger to not only themselves but your property  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Set Your Goals with David and Rob Books Mentioned in the Show SOLD by David Greene SKILL by David Greene Buy, Rehab, Rent, Refinance, Repeat by David Greene Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-699 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Finding financial freedom is hard enough, but doing so right after going through a toxic divorce can seem almost impossible. All of a sudden, you’ve gone from a two-income household to just one, your children are now your sole responsibility, and you’ve got to almost financially start over. Finding financial independence after events like this would be awe-inspiring—so imagine you did it all in just two years. Sarah King did just that, with thirteen units under her belt since buying her house hack property in 2020. Sarah worked hard to put herself in a strong financial position. She was a debt-free disciple who paid off six figures in debt. Then, she focused on her savings, minimizing her expenses and increasing her income as much as she possibly could. But then, when everything started to feel stable, she uncovered something that would unravel her marriage. She went from financially stable to undoubtedly anxious in a matter of days. But it’s what she did next that was incredible. Knowing she had to do whatever she could to take care of her daughter, Sarah went on rental property shopping spree. She built the portfolio she knew her family needed, and now just two years later, she’s enjoying the fruits of her non-stop labor. But how did she get the money for the deals? What strategy allowed her to cash flow so much in such a short amount of time? If you want to do what Sarah did, you’ll have to tune into this episode. In This Episode We Cover: How to achieve financial independence through real estate in less time than you think House hacking and why it’s arguably the best way to start investing  Why being scared of debt is a downside when trying to build a rental property portfolio The medium-term rental strategy and using it to get better cash flow on smaller units Private money lending and how to raise private capital from those who know and trust you Hiring, outsourcing, delegating, and how to free up much more time in your life The phenomenal funnels that will bring you the best tenants, deals, and more money! And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Divorced and $250K in Debt to Financially Free in 10 Years Books Mentioned in the Show Set for Life by Scott Trench 30-Day Stay by Sarah Weaver & Zeona McIntyre Raising Private Capital by Matt Faircloth Simple Path to Wealth by JL Collins Rich Dad Poor Dad by Robert Kiyosaki Connect with Sarah: Sarah's Instagram Sarah's Website Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-698 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Each real estate market has its own type of flavor. Some are short-term rental markets, others are affordable cash-flowing long-term rental markets, and many are in between, capitalizing on strong appreciation with enough monthly profit to keep investors going. The great thing about investing in the US is that we have fifty states' worth of land to buy, improve, and rent out. And today, we’ll be looking at three specific markets, all with wildly different price ranges and profit potential for 2023. Welcome back to this month’s BiggerNews, where your host Dave Meyer (not David Greene *gasp*) will be interviewing three of the most elite agents across the United States. We’ll talk to Rob Chevez, the investor and experienced agent operating in our nation’s capital, Washington, DC. You’ll also hear from Dahlia Khalaf, managing broker of ASN Realty Group in affordable Oklahoma. And, of course, we’ve got David Greene, California’s favorite realtor, here to talk about why sunny San Diego deserves an investment from you. With mid-priced markets like DC, affordable real estate in Oklahoma, and massively-appreciating west-coast properties to build your wealth, this episode of BiggerNews shows you how you can invest in ANY of these markets and build wealth in 2023. The agents also talk about the strategies that are working in each market and some of the major pitfalls you could stumble upon if you aren’t a local expert. Need to find an agent in your neck of the woods? Use the BiggerPockets Agent Finder to connect with a local expert in your area! In This Episode We Cover: How markets like Washington, DC, Tulsa, and San Diego are faring in 2023 The oversaturation of short-term rentals and which investors should avoid buying them The real estate “Bermuda triangle” and why every investor should buy at least one property there House hacking for cash flow and turning your primary residence into a paid-for mortgage  Subject to deals and other creative financing strategies that work as the buyer’s market takes shape Advice from expert agents around the country for investors in 2023 And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Dave's BiggerPockets Profile Dave's Instagram "On the Market" Podcast "On the Market" YouTube Channel Connect with Dahlia & Rob: ASN Dahlia's BiggerPockets Profile Dahlia's Facebook GRID Rob's BiggerPockets Profile Rob's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-697 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s 2023 goal-setting time! For some investors, setting goals is a coveted experience where they get to center themselves and plan for the coming year. For others, setting goals can seem stressful as there are too many shiny objects always around to chase. This type of dichotomy exists even among the most experienced investors, as you’ll see in this episode. David Greene, everyone’s favorite investor, agent, broker, and mentor, systematically sets his goals, while Rob “Robuilt” Abasolo, the internet’s short-term rental oracle, does things a bit differently. In this episode, you’ll get a peek behind the scenes at how two very successful investors set goals in two very different ways. But this isn’t just about real estate investing and building wealth. David and Rob both touch on the personal goals they’ve set out for themselves and how they organically intertwine with the lofty investing goals they’ve set for 2023. David and Rob both want to grow their wealth substantially in 2023. But this doesn’t mean that they’re just hungry for doors. You’ll hear a crucial tip on how top real estate investors focus more on revenue than on unit count and how mistakenly chasing more properties could put you in a stressed-out situation without much to show for it! If you’re ready to tackle some of your biggest goals yet, tune in to this episode, and bring a planner while you’re at it! In This Episode We Cover: How to crush your 2023 goals by revamping and reviewing your 2022 plans Constantly updating your MINS (most important next steps) to hit goals even faster The struggles of outsourcing and hiring and why you MUST do it to grow The “more doors” trap that investors often find themselves falling into Building your vision for the next year and basing your goals on an end-result Content creation, building your brand, and becoming a bigger figure in the real estate space And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Rob's BiggerPockets Profile Hear Our 2022 Goal Setting Episode Landlord Tax Loopholes That’ll Help You Pay ZERO Taxes in 2022 3 Simple Steps to Set Achievable (Yet Ambitious!) Real Estate Goals Invest with David Greene Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-696 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

How much billionaire advice have you gotten? Ever decided to look up the wealthiest people in your area and give them a call? What type of tips could they give you for success? What business ideas would they push you to try? And how would your life change? Instead of speculating, at a young age, Andrew J. Abernathey tried out this strategy, and much to his surprise, he got the billionaire mentor he always dreamed of. Before that, Andrew was just a simple farm boy. You know how it goes: tending to the field, ordering supplies, and trading futures at ten years old. Yep, you read that right. Andrew was making trading calls on grain prices at only ten years old, a skill that his father helped teach him. At fourteen, Andrew decided to put some money in the stock market, and a year later, walked away with an $80,000 profit. And like all young boys, he knew exactly what he wanted to spend his money on—a million-dollar apartment complex! Picking up on a pattern? Andrew has been making incredible moves at almost unbelievably young ages. But we haven’t even touched on the most incredible part of his journey yet. In this episode, you’ll hear how Andrew made wild real estate profits at sixteen, met his billionaire mentor by offering him some pie, and went on to build hundreds of millions in self-storage. It’s all true, and it’s all coming up in this episode! In This Episode We Cover: The importance of early financial education and investing at a young age How parents can cultivate the passions their kids possess  Puts and calls, stock trading, and how to invest like Warren Buffett Apartment investing and how knowing your market can make you millions  How to find a mentor (even if you’re looking for a billionaire!) Analysis paralysis, shiny object syndrome, and sticking to one strategy Self-storage development and the details behind the deal And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Henry's Instagram Henry's BiggerPockets Profile Here’s What 10 Billionaires Say You Should Do Every Day Should You Start Investing in Real Estate When You're Young? How I Hired Warren Buffett as My Real Estate Mentor Book Mentioned in the Show Open Secrets of Success: The Gary Tharaldson Story by Patrick McCloskey Connect with Andrew: Andrew's Personal Website Abernathey Holdings Andrew's Facebook Andrew's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-695 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Small multifamily investing is one of the easiest, fastest ways to find financial freedom. We’re not talking about any “get rich quick” promises or risky businesses—thousands of real estate investors have used small multifamily rental properties to live the life of their dreams. And today, we want to help you do the same. We’ve got our multifamily millionaire, Dave Meyer,  here to share the tools of the trade! Dave was able to reach financial independence in only a few years, thanks to a small portfolio of multifamily rental properties! Even if you’re an absolute beginner in real estate, without any properties or experience, small multifamily can be one of the easiest ways to start investing. With low money down options, the ability to house hack, and big cash flow opportunities, any investor can start, or scale, a real estate portfolio with a duplex, triplex, or quadplex. And Dave will walk you through every step of the journey. From finding deals to analyzing them, financing them, and doing it again, this step-by-step process is simple to follow, and can be done in a matter of weeks or months! So, if you’re ready to build a life you love, have the financial autonomy you’ve always dreamed of, and start investing today, hit play on this episode! And, if you’re interested in using the top-tier tools Dave shows in this video, sign up for BiggerPockets Pro today! Make sure you stick around until the end of this episode—Dave will be giving away a BIG discount with a bundle of bonuses! In This Episode We Cover: How to achieve financial freedom through small multifamily investing Why invest in multifamily rentals and not single-family homes for your first real estate deal Where to find small multifamily properties (and how to get them at a discount!) Rental property financing and the different loans to use when closing on your first property How to analyze a real estate deal in just minutes (no experience needed!) The dangers of investing in small multifamily properties and what to watch out for How to get a discount on some of the most-used BiggerPockets tools! And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Grab the Multifamily Worksheet BiggerPockets Calculators Find a Lender for Your Next Real Estate Deal Already a BiggerPockets Pro Member? Get Access to Pro-Exclusive Videos Book Mentioned in the Show Real Estate By Numbers by Dave Meyer & J Scott Connect with Dave: Dave's BiggerPockets Profile Dave's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-694 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

You’ve got home equity, but maybe not cash flow. If you want to realize financial freedom, you’ll need consistent, passive monthly income. But with cash flow harder to find than ever before, how can you get it when real estate prices and interest rates remain high? Should you give up on cash flow entirely and only bank on appreciation? Maybe not. Using the strategy David outlines today, you can convert your equity into cash flow, but you’ll need to follow the right steps. Welcome back to another Seeing Greene episode, where David, and some expert guests, answer your questions surrounding anything and everything related to real estate investing. Joining us on today’s show are Dave Meyer, J Scott, and Pat Hiban, all BiggerPockets authors and real estate masters in their own rights. They tag-team questions ranging from how to get around the twenty percent down payment requirement, how to calculate the time value of money on an investment, how HELOCs (home equity lines of credit) work, whether investing in hurricane-heavy Florida makes sense, and more! Don’t forget to head over to the BiggerPockets Bookstore to get massive discounts on some of the best real estate investing books in the world! Still itching to ask David a question? Submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: How to get around the twenty percent down payment requirement even as a foreign investor Cash-out refinances vs. HELOCs and which make more sense for the casual investor Converting equity into cash flow and how to know when you should sell an investment property Hurricanes, high insurance rates, and other hurdles that come when investing in Florida Calculating the time value of money and when an investment is worth buying House hacking and using your primary residence as an income-generating asset  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area BiggerPockets Bookstore Cyber Monday Sale Stay Up-to-Date on All the New BiggerPockets Books Coming Soon Should You Invest for Equity or Cash Flow? Books Mentioned in the Show Real Estate By Numbers by Dave Meyer & J Scott Connect with David, Dave, J, & Pat: David's BiggerPockets Profile David's Instagram Dave's BiggerPockets Profile J's BiggerPockets Profile Pat's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-693 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Financial freedom isn’t something that most Americans strive towards. For the most part, working at a job, getting a steady paycheck, and bringing home the bacon is enough. That is until something forcibly stops you from working. It could be a workplace injury, a family emergency, or even a cancer diagnosis. What do you do when you can’t work or provide for your family, all while fighting a life-threatening disease? Josh Goldstein was in this exact situation in 2015 when doctors gave him a rough diagnosis—pancreatic cancer. Josh and his wife knew that he could make it through the treatments, but the financial problem still loomed largely. How would they be able to pay the bills, take care of their kids, or continue living the life they loved without any money coming in from Josh’s work? The answer—real estate investing. After years of analysis paralysis and a deep obsession with BiggerPockets content (woohoo!), Josh bought his first property as the world was starting to shut down. But he didn’t let the lockdowns stop his plan to hit financial freedom fast. Over the past two years, Josh has gone from zero to twenty units, some of which he’s never laid eyes on before. This portfolio, which was built out of a life-threatening situation, is now bringing in hundreds of thousands a year for Josh’s family, providing them well-earned financial independence. In This Episode We Cover: Solving life’s hardest problems (even when they threaten to kill you!) Building your foundation for financial freedom today so you’ll never be out of options Kicking analysis paralysis to the curb and the simple way to start investing in real estate Long-distance real estate investing and why it isn’t as scary as you may think Short-term rental saturation and what will happen as hosts buy more and more homes Why you always want to double-check the battery life on your home’s smart locks  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Henry's BiggerPockets Profile Henry's Instagram BiggerPockets Podcast 340 with Whitney Hutten BiggerPockets Podcast 364 with Avery Carl Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki Long-Distance Real Estate Investing by David Greene Connect with Josh: Josh's BiggerPockets Profile Josh's Instagram Josh's Email Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-692 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Property management has always been a sensitive subject for landlords. Most real estate investors either want to be completely hands-off, letting a property manager handle the entirety of their leasing and management, OR be hands-on, constantly dealing with tenant issues themselves. And for a long time, there wasn’t a great way to self-manage. You either ran your business off scraps of paper or insufficient spreadsheets. But it’s 2022, and this has completely changed. When Ryan Barone was applying for his first apartment, he was blown away by how complicated the tenant application process was. So, he built an app that made it easier for tenants to upload all their documents to landlords. Then, the landlords started reaching out to Ryan asking for a tenant management version of the software. As a result, RentRedi was born, and has slowly grown to become one of the most popular property management tools around! Ryan credits much of his success to early BiggerPockets users, who constantly tested and tried RentRedi when it was in early development. Now, the software is fully formed—used by tens of thousands of investors across the country. And it comes standard with a BiggerPockets Pro Membership! If you want to know how to manage your properties without the headaches (or high costs) of regular property management, stick around. Ryan gives a full demo on how you can start using RentRedi today! In This Episode We Cover: Common landlord and tenant headaches and how RentRedi instantly solves them Reporting, rent collection, bookkeeping, and more features you can get with RentRedi How to start self-managing as a new landlord even if you have no experience How RentRedi used BiggerPockets users as beta testers to build the best property management software around Outsourcing and delegating tasks so you can build your business faster than ever before Turning tenant problems into profits and managing your rentals without breaking the bank And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Try RentRedi Today! Angel.co Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Connect with Ryan: Ryan's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-691 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Most investors buy rental property for cash flow, and much to their surprise, no cash flow is to be found once the deal is done. Maybe they’ll get some limited returns in their first year of landlording, but with cash flow-induced frustration, they decide to try another strategy. This happens again and again as real estate investors struggle to realize anything other than a meager return on what was supposed to be a financially-freeing investment. But worry not—this is all part of the plan. David is back on another episode of Seeing Greene, where he answers the most-pressing real estate questions from across the web. But David isn’t alone in the episode! He brings along real estate investing experts Brandon Turner, Pat Hiban, and Zeona McIntyre to help answer hard-hitting questions surrounding anything and everything related to real estate. This week’s topics touch on shiny object syndrome, when to pay for real estate leads, assisted living investing, 1031 exchanges, short-term rentals vs multifamily investing, and how to find the right mentor. If you’ve been looking to up your real estate game, head over to the BiggerPockets Bookstore and take advantage of MASSIVE discounts on some of the best real estate books around! And remember to use ANY of today’s hosts’ names as a discount code to get even more off when buying any BiggerPockets books! In This Episode We Cover: How to avoid shiny object syndrome when no real estate strategy seems to work Why most new investors have the wrong idea about cash flow and rental properties Assisted living investing and who should make the jump into this high-cash flow asset class 1031 exchanges explained and using them to become a passive real estate investor Short-term rentals vs. multifamily investing and which is the better bet in 2023 How to find a mentor when you’re just starting in your real estate investing journey And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Hear Our Interview with Assisted Living Investing Expert, Isabelle Guarino-Smith Stay Up-to-Date on All the New BiggerPockets Books Coming Soon Shop the BiggerPockets Bookstore and Use Codes BRANDON, DAVID, PAT, or ZEONA for a Special Discount Books Mentioned in the Show Tax Strategies by Amanda Han & Matt MacFarland Advanced Tax Strategies by Amanda Han & Matt MacFarland 30-Day Stay by Zeona McIntyre & Sarah Weaver Real Estate by Numbers by J Scot & Dave Meyer 6 Steps to 7 Figures by Pat Hiban SKILL by David Greene BRRRR by David Greene Long Distance Real Estate Investing by David Greene Connect with Brandon, Pat, & Zeona: Brandon's BiggerPockets Profile Pat's BiggerPockets Profile Zeona's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-690 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Non-investors hate real estate tax loopholes. It always seems like the wealthiest landlords, apartment owners, or short-term rental hosts walk away with not only massive income but little-to-no tax bills at the end of the year. Are investors unethically avoiding taxes OR are they carefully, quietly using the tax code to build wealth and bring their tax burden down to zero? And if the big investors can do it, can average investors use the same strategies? Whether you own one, ten, or a thousand rental units, Matt Bontrager, CPA at TrueBooks, has a solution for you. He’s been working with real estate investors for years to help them minimize their tax burdens and maximize their portfolio values. And unlike most CPAs, Matt can explain these strategies in a way that excites you, instead of slowly lulling you into a depreciation-induced dream. Matt touches on the most powerful ways to eliminate your taxes in 2022. These tax strategies work for almost every type of investor, whether you’ve got a full-blown business or just a short-term rental side hustle. These tax tactics, when used correctly, can allow you to walk away from 2022 with a bigger refund, no tax bill, or years’ worth of losses to roll over so you walk into 2023 in a better reposition than ever before. In This Episode We Cover: The massive short-term rental tax “loophole” most investors are unaware of Tax preparers vs. advisors and when you should start hiring these team members Cost segregation studies and using them to eliminate years’ worth of tax bills Bonus depreciation write-offs and why every investor MUST take advantage of this before the end of the year Real estate professional status, its benefits, and what you need to do to obtain it Tax avoidance strategies the wealthy use that almost any investor can mimic And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Understanding Rental Property Depreciation—A Real Estate Investor’s Guide 4 Real Estate Tax Strategies That Can Protect You From Inflation Books Mentioned in the Show Tax Strategies by Amanda Han & Matt MacFarland Advanced Tax Strategies by Amanda Han & Matt MacFarland Connect with Matt: Matt's BiggerPockets Profile Matt's Instagram Matt's Website Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-689 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Scott Galloway, NYU professor commonly known as “Prof G,” thinks that America is adrift. Communities are dying, young people are feeling helpless, and wealth is slowly being sucked out of the system to give the ultra-rich even more comforts than before. The average American merely wants to make it—having a house, a family, and maybe an ounce of peace. But with mainstream media violently pointing fingers at one another and the modern worker feeling desolate in the daily grind, what can we do to put this country on the correct course? Scott knows that the game is rigged. He has strong feelings that real estate investors, like many of us, are playing with “cheat codes.” But, that doesn’t mean we’re doing anything wrong. Scott dives into his personal philosophy on who has taken advantage of this country, who needs the most help, and how a young, aspiring entrepreneur or investor can build wealth, without blindly buying into “sexy” assets. Although Scott likes real estate (and wishes he bought more of it), he cautions young investors to take a step back and be intelligent with their investments. A few right moves when Scott was young allowed him to live the life he has today—but this was through hard work and taking the right action, not waiting for someone else to save him. No matter what age you are, what side of the political spectrum you fall on, or your feelings toward real estate—Scott has words you’ll want to hear. In This Episode We Cover: Scott’s new book Adrift and why he thinks America’s course needs to be corrected The biggest problems America is facing today and how a specific demographic is rigging the system The bias against boys and how young men are left behind How young people can get ahead and why they should steer clear of “sexy” investments Fiat money, cryptocurrency, and how the American dollar is quickly losing its value The real estate “cheat codes” that any investor can take advantage of How YOU can create change in the world that will lead to more equality, friendship, and connectivity And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Dave’s BiggerPockets Profile Dave’s Instagram Book Mentioned in the Show Adrift by Scott Galloway Connect with Scott: Scott's Twitter Sign Up to Scott’s Newsletter Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-688 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Knowing how to buy a rental property is one thing, but coming up with the money is another. This is the constant struggle real estate investors find themselves in. When they have cash, there aren’t enough deals. When they have deals, there isn’t enough cash. This catch-22 usually puts investors in a spin cycle, never pulling the trigger on their first or next deal. But, it doesn’t have to be this way. With the right mindset, you can find the money to purchase more rental property, even if you’ve run out of options. This is what expert investor, David Greene, refers to as his capital “carrot,” or the thing that allows him to find (and make) more money to buy even more real estate. And it’s just one of the topics in today’s Seeing Greene show. In this episode, David takes a live call from Garrett, who’s struggling with whether or not to sell or keep his first deal. We also get questions about BRRRRing with high interest rates, where to find medium-term rental tenants, and how to find a realtor in a brand-new market. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: The house hack “savings” that turn a dud into a screaming real estate deal Whether or not keep or sell a rental even if you’re not making much from it How to buy BRRRRs in today’s high-interest rate environment  Dominating a market as a brand new real estate agent or realtor Where to find medium-term rental tenants and common short-term rental regulations How to find a rockstar real estate agent when investing out of state And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Get Real Estate Investing Data, Guides, and Resources Use the BiggerPockets Rental Property Calculator on Your Next Deal BiggerPockets Podcast 679 with Zeona and Sarah (Medium-Term Rentals) BiggerPockets Podcast 680 with Mark Simpson (Short-Term Rentals) Books Mentioned in the Show SOLD by David Greene SKILL by David Greene Multifamily Millionaire Volume 1 by Brandon Turner & Brian Murray Multifamily Millionaire Volume 2 by Brandon Turner & Brian Murray Long-Distance Real Estate Investing by David Greene 30-Day Stay by Zeona McIntyre & Sarah Weaver Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-687 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

House flips, opportunity zone investing, student housing—name a real estate strategy, Evan Turner, former NBA player, has probably done it. Unlike most professional athletes, Evan left the league with more assets than at the peak of his career. He was buying real estate, building homes, and making moves while working a grueling six days a week schedule, knowing that he had to use this opportunity to build something that went far beyond basketball. Evan grew up in the inner city with a single parent. The realities of struggling for money were all too real for him when he got hit with millions of dollars in his early 20s. He struggled to spend any money for the first few years of his NBA career, which led him to have a surplus that he used in all the right ways. Relying on NBA veterans around him, Evan knew that to build wealth, he needed to up his assets. The most tangible thing he could think of investing in? Real estate. Now, with many deals under his belt, Evan has become proficient in almost every aspect of buying, funding, and profiting on a real estate deal. He, like many other investors, is seen as lucky for buying consistently throughout the past decade. But Evan knows that the rewards he reaps today came from smart decisions he made years ago. Now, even after he’s out of the game, Evan is still able to bring in seven-figure paychecks. But this time, thanks to smart strategizing, he’ll get to keep most of it. In This Episode We Cover: Making the money mindset shift that allows you to build wealth while others waste their resources Opportunity zone investing and using real estate to revitalize urban communities Evan’s unbelievable seven-figure fix and flip vacation home deal Why the first investment property matters most and how to ensure you turn a profit with no experience Building your real estate team and why everyone needs to network Taking the “luck” out of investing and why consistency beats timing every time And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter The Investing “Cheat Code” of Opportunity Zone Rentals The 20 Best Performing Opportunity Zones for Real Estate Investors Tune Into the “Point Forward” Podcast Connect with Evan: Evan's Instagram Evan's Twitter Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-686 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Finding off-market properties was much harder a few years ago than it is today. Before you’d have to drive for dollars, mark down addresses, build a spreadsheet, constantly update it, and maybe, just maybe, you’d get a motivated seller willing to do a deal with you. This process was overly complicated, expensive, and took too much time. Because it was so challenging, many new real estate investors would forego looking for off-market deals entirely and only stick with on-market MLS listings. But things have changed. We’ve brought back four-time guest, Justin Silverio, onto the podcast to talk about his new tool, Invelo. Invelo puts all your lists, leads, and tasks into one place, so you’re not scatterbrained when building an off-market lead flow. This app allows anyone, no matter their experience level, to find owners, phone numbers, and addresses while tracking your touch points in a systematized, automated way, so you always have new leads coming in. This software is a game changer for flippers, wholesalers, and any investor trying to dodge the high prices and agent commissions of buying on-market. And Justin assures us, even if you’ve never done an off-market deal, Invelo will give you everything you need to successfully get the first one in the bag. Stick around ‘til the end of the episode, where we share a special way to start marketing for free with this game-changing tool! In This Episode We Cover: How Justin started flipping houses and finding off-market deals with no experience The right way to do direct mail and why so many investor letters get thrown in the trash Using Invelo to build lists, reach sellers, and get educated on how to find deals faster How to optimize your marketing budget by only marketing to leads who could turn into deals Invelo’s automation that scrubs your list for you so you only keep the best leads  A special discount for BiggerPockets Pro and how you can get a free marketing credit with Invelo And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter BiggerPockets Podcast 58 BiggerPockets Podcast 82 BiggerPockets Podcast 194 Use the BiggerPockets Rehab Estimator on Your Next Flip or BRRRR Invelo Open Letter Marketing Books Mentioned in the Show Finding and Funding Great Deals by Anson Young Buy, Rehab, Rent, Refinance, Repeat by David Greene Connect with Justin & Anson: Anson's BiggerPockets Profile Justin's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-685 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Interest rates have become a hot topic over the past six months. Back in 2020 and 2021, homeowners were bragging to their friends about their rock-bottom mortgage rates and how they secured financing at three percent or less! But times have changed, and seven percent interest rates are becoming the norm. Now, nobody is bragging—in fact, many investors are too scared to buy, thinking that today’s interest rates are far too high to buy homes with. If you’re following this thought process, you could be making a BIG mistake. Welcome back with another Seeing Greene episode, where our “high rates, who cares?” host, David Greene, answers questions directly from investors just like you. In today’s show, David coaches a young investor on building his side business, why quitting your job could be a mistake, and how to learn from past deals to build wealth far faster. Then, David pivots into answering questions from investors on how to get over your fear of taking on good debt, how much to have in safety reserves for your property, and why being scared of high interest rates could hurt you in the long run. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Why quitting your job as a real estate investor could be a BIG mistake The right way to house hack and how to maximize every piece of property you buy Good debt vs. bad debt and why most people view mortgages the wrong way Capital expenditure funds and how much to keep in cash reserves High interest rates and when refinancing at a worse rate make sense Seeing money as “energy” and using it to build wealth while others are scared to act And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram The Fed’s Plan for Future Interest Rates Debt Is Good When It Comes to Real Estate Join David’s “Behind the Shine” Newsletter Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-684 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Chris Voss is an expert negotiator. After going from a street cop to the FBI and later thriving as a hostage negotiator, he wrote the world-famous book, Never Split the Difference. This book has served as a masterclass in negotiation for almost every field of work, including real estate investing. Although many of Chris’s examples come from life-or-death situations, the same rules and tactics can be applied to real estate investing. That is exactly why Chris pivoted and started coaching real estate agents to become better negotiators. But maybe you’re not an agent. Maybe you’re just trying to get your first or next deal done, working with a tough buyer/seller, and feeling like you’re making no headway. Chris has seen this time and time again. An overly aggressive buyer comes in, lowballs a seller, the seller then paints the buyer as the enemy, and the duo does a dance to the death ending in no deal done and frustrations at all-time highs. This is NOT the way to do real estate deals, and Chris has some advice that’ll help you change the way you (and your agent) get things done. Chris goes in-depth on a few concepts, such as why “no” is actually what you want to hear, how to form “calibrated questions” that get you what you want, and why you’ll need to start using “tactical empathy” if you want to close deals faster. These are some of the same tactics that co-host Rob recently used to get a multimillion-dollar property, without much money out of pocket. No matter your skill level, number of deals done, or years of experience, this advice from Chris could catapult your investing to the next level. In This Episode We Cover: Reviewing key lessons taught in Chris’s classic, Never Split the Difference  Why most real estate agents will work against their clients, instead of with them Using overcommunication to develop instant rapport with a buyer, seller, or client “Tactical empathy” and why it’s a brilliant way to keep your opponent open to offers Asking “calibrated questions” that make sellers feel safe when working with you Building a negotiation scarecrow and making someone else (not you) the instant, uniting enemy And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter BiggerPockets Podcast 260 with Chris The Happiness Advantage TED Talk Books Mentioned in the Show: The Full-Fee Agent by Chris Voss Never Split the Difference by Chris Voss SKILL by David Greene Connect with Chris: Chris' Website Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-683 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investing wouldn’t be the same without BiggerPockets. If you were lucky enough to attend BPCon 2022 in sunny San Diego, you’ll know what we mean. With a sea of investors ready to network, advise, and invest with one another, this event shows how powerful the community of real estate investors is. But even if you weren’t able to make it this year, you can still get a sneak peek at what a BPCon panel looks like! On this bonus episode, sponsored by Rent to Retirement, we take hosts from all our different podcasts to give their advice, expertise, and tips to new and aspiring real estate investors. You’ll hear Ashley Kehr and Tony Robinson from the Real Estate Rookie Podcast answer tactical questions on partnerships, LLCs, and refinancing. Then, BiggerPockets Money Podcast host Mindy Jensen joins The Real Estate InvestHer Show duo, Liz Faircloth and Andresa Guidelli, to play the “spend or save” game. We also bring on the whole cast of our newest show, On the Market, to analyze two deals live in front of the entire audience to see whether or not two flips are flops. Finally, for all you original BiggerPockets Real Estate Podcast listeners, we have David Greene and Rob Abasolo welcoming a special guest back to the show—one that many of you surely missed. In This Episode We Cover: How to apply for a mentorship with hosts from your favorite BiggerPockets Podcast When to keep properties in your personal name vs. in an LLC Spending vs. saving, and when to pay top price for contractors, cars, self-care, and more! Live deal reviews of two “profitable” flips in a hot market and why you can’t always trust the numbers A special cameo from a long-time friend of the show David’s secret jiu-jitsu move to instantly de-escalate an attack from Rob Abasolo  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Hear Last Year’s Live Panel from BPCon 2021 Rookie Podcast 106: Asset Protection on Rookie Mentorships on InvestHer BiggerPockets Podcast 443 with Jim Kwik David's BiggerPockets Profile Rob's BiggerPockets Profile Brandon's BiggerPockets Profile Dave's BiggerPockets Profile Ashley's BiggerPockets Profile Tony's BiggerPockets Profile Mindy's BiggerPockets Profile Andresa's BiggerPockets Profile Liz' BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Jamil's BiggerPockets Profile Kathy's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-BONUS Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Office investments were supposed to be dead by now. 2020 was supposedly the great exodus, where on-site workers were freed of their commutes, small talk, and trips to the water cooler. We were sold a future where remote work was the only option, where everyone had an at-home standing desk, and nobody needed to wear pants. But, this didn't last long, as companies slowly started taking steps to get workers back into the office, making owners of the offices wealthy once again. But, with so many companies trying flexible schedules, prioritizing work from home, and renewing their video conferencing subscriptions, will office space still be the same as it was just a few years ago? On this month’s BiggerNews, we brought on Kevin Fagan, Senior Director and Head of CRE Economic Analysis at Moody’s Analytics, to give us the scoop on office investing and commercial real estate in 2022. Kevin’s team works diligently going through the data behind office investments, highlighting whether or not leases are renewed, how rents are being affected, and if office buildings are truly being abandoned. He brings some good news not only for office space investors, but for real estate investors as a whole, showing that this niche won’t be going away anytime soon. With coworking and residential conversions on the rise, office building investments could be a far smarter move than most investors would assume. In This Episode We Cover: How office space investing fared through the pandemic and how far occupancy rates fell Comparing today’s office investing environment to 2008’s and the stark differences between the two Office occupancy forecasting and when the data predicts a full recovery How unemployment rates will affect office investors and whether or not employers will force workers back into the office The best real estate markets to invest in office space and which big metros to definitely avoid The benefits of office investing compared to residential real estate and why this low-turnover niche is worth it And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Dave’s BiggerPockets Profile Dave’s Instagram Investing in Office Buildings—A Beginner’s Guide The Coming Collapse of Downtown Office Real Estate Connect with Kevin: Kevin's LinkedIn Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-682 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

There’s a dark side of real estate no one talks about. Crime, destruction, theft, violence—you name it, we’ve dealt with it. With the spookiest day of the year coming close, we’re going to tell you all our terrible real estate tales. Everyone on podcasts and YouTube wants to show you how easy it is to invest, how it’s an assured path to wealth, and rarely what type of mistakes you can make. But we’re flipping the script, bringing in some of the best and brightest in real estate to show that the grass is usually greener where the septic tank is. Today’s guests, who have all collectively succeeded at failing, are Andrew Cushman, Jamil Damji, and Matt Faircloth. If you’ve been a BiggerPockets listener, these names may sound familiar to you, but if you’re brand new, let us introduce you to these industry giants. Andrew is a multifamily expert and one of the smartest names in the game on screening and underwriting (analyzing) properties. Jamil built the nation’s largest wholesaling operation and is an expert guest on On the Market. And Matt, CEO of the DeRosa Group, literally wrote the book on Raising Private Capital. But these titans of industry only made mistakes at the beginning of their careers, right? Not quite. They share today a selection of stories that will make you realize that the only successful investors are the ones who can both literally and figuratively weather a strong storm. And if you think it’s all cash flow and cruises for these investors, you couldn’t be more wrong.  In This Episode We Cover: Why you should ALWAYS check out a property before you buy (and what happens if you don’t) Becoming the "Sheriff" of your investment and how contractors can easily take you for a ride 1031 exchange mistakes and how to negotiate with a seller even when you’re on a time crunch Always staying in your lane and trusting your gut when a deal doesn’t feel right Paying more for insurance and how to financially prepare for a natural disaster  Why even with all the pain, real estate investing is the best wealth vehicle in the game! And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram BiggerPockets Podcast 661 Vantage Point Acquisitions The DeRosa Group Jamil’s YouTube Book Mentioned in the Show: Raising Private Capital by Matt Faircloth Connect with Matt, Andrew, & Jamil: Andrew's BiggerPockets Profile Jamil's BiggerPockets Profile Matt's BiggerPockets Profile Jamil's Instagram Matt's Instagram   Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-681 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Most people stumble into short-term rental investing. At some point, they realize a long-term rental, mother-in-law suite, or family cabin could become a revenue-generating, passive income machine. So what do they do? They go online to all the big travel sites, upload their listing, and start hosting. After a few months or years, they buy another short-term rental, and now, they’ve got multiple properties across a few different sites. The reviews are flowing, and the revenue with it. But one day, it stops. This happened to Rob when his listing got locked—halting his revenue. Without much of a way to repair this, Rob started thinking of how he could host with autonomy and reduce the risk as his portfolio grew. Sooner or later, Rob and today’s guest, Mark Simpson, started talking. Mark, an expert in hospitality, knew that something like this would happen. It’s why Mark has been helping hosts build their own booking sites over at Boostly.  As a short-term rental expert, Mark helps hosts build an income stream that can’t be paused, limited, or removed. Instead, he and his team give hosts everything they need to get more bookings, pay fewer fees, and keep guests coming back for more. And, as the short-term rental space grows at lightspeed, Mark argues that hosts should start building out these direct booking sites now before it’s too late.  In This Episode We Cover: The danger of solely hosting your short-term rentals on online travel agencies  How so many hosts find themselves “held hostage” by guests and travel sites Building your “guest avatar” and modifying your vacation rental to fit your ideal guest Guest screening tips and how to safely rent your property on your own website  Underrated upgrades to make to your short-term rental that massively boost bookings  Effortlessly converting guests online travel stays and into direct bookings  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Stop Relying On Airbnb and VRBO and Build A Business You Control 4 Things You Need to Know Before Buying A Short-Term Rental Boostly’s Property Management Software List Books Mentioned in the Show: Short-Term Rental, Long-Term Wealth by Avery Carl The Book Direct Playbook by Mark Simpson Connect with Mark: Mark's Website Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-680 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Medium-term rentals have seen growth like almost no other type of real estate. In the past, if you wanted high cash flow, you’d be hit with the headache of running a short-term or vacation rental. So, most investors who wanted to take the passive investing route stuck to regular, long-term rental properties. But, with interest rates higher than many of us have ever seen, most regular rental properties simply won’t cut it. Thankfully, there's a strategy that merges short and long-term rentals, with many of the combined benefits but few drawbacks. The strategy is simple: buy a house, furnish it, and rent it out for over thirty days. Surprisingly, doing so will often get you double the rent as a regular rental property without the constant turnover of short-term rentals. Don’t believe us? Maybe Sarah Weaver and Zeona McIntyre can change your mind. They’ve been doing the medium-term rental strategy for years, and it’s what’s given them the financial freedom they enjoy today! Sarah, shortly after finding out about the medium-term rental strategy, converted many of her long-term rentals into medium-term. Zeona, a former short-term rental owner, knew the high cash flow, low maintenance approach would help her live the nomadic lifestyle she loves. They detail exactly how they did it, what it takes to succeed, and how you can repeat the process in their new book, 30-Day Stay.  In This Episode We Cover: The medium-term rental strategy explained and why it’s often a better bet than short-term rentals Switching from short-term rentals to medium-term rentals and why the pivot makes sense The best guests for medium-term rentals and why it isn’t always about traveling nurses Which markets work best for this strategy and what bedroom/bathroom count has the highest ROI Property management, maintenance, and how to make sure your medium-term rental succeeds Analyzing a medium-term rental property and what extra costs to be aware of And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter BiggerPockets Podcast 229 w/Zeona BiggerPockets Podcast 300 w/Zeona BiggerPockets Podcast 563 w/Sarah Furnished Finder Stats Books Mentioned in the Show: Profit like the Pros by Ken Corsini Raising Private Capital by Matt Faircloth SKILL by David Greene 30-Day Stay by Zeona McIntyre & Sarah Weaver (Use Code “ZEONA” or “SARAH” for a Discount) Connect with Sarah & Zeona: Sarah's Instagram Zeona's Instagram Sarah's BiggerPockets Profile Zeona's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-679 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Let’s be honest. The housing market has been a pain over the past few years. Sellers wouldn’t entertain any offer that wasn’t 10% over the listing price, real estate agents wouldn’t return your calls, and you may have thought that the time to buy rental properties was over. Fortunately, the tides have turned, and the seller’s market has almost overnight become a buyer’s market. Price drops are aplenty on the MLS, real estate agents want to be your best friend, and sellers desperately need to get their homes offloaded. This creates an opportunity for you to start buying deals at a discount. Jamil Damji, America’s leading wholesaler, knows that now is the time to get properties under contract. He’s been an expert at off-market deal-finding for decades, but now, he says that on-market deals are becoming far easier to find. Combine his nationwide knowledge with David Greene’s agent expertise, and you have a masterclass on finding steals, not just deals, in today’s housing market. David and Jamil go through eight different techniques you can use to find deals, lock them in at a low price, and grow your real estate portfolio, while everyone else is too scared to act. In times like these, when fear is at an all-time high, smart investors keep their cool, continue buying based on the numbers, and walk away far richer than the average investor. Interested in doing the same? Grab your notepad and write down these eight techniques. There’s a good chance you’ll be using them soon! In This Episode We Cover: How the housing market has shifted and whether or not we’ve become a buyer’s market Off-market vs. on-market deal-finding strategies and which makes sense in 2022/2023 Using “emotional influence” to get a seller to agree to your terms as soon as possible Building relationships with listing agents so they act as your ally in a deal How to leverage “bad news” to turn frustration into motivation for a seller  Tell-tale signs of a motivated seller that will quickly get a deal done And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram BiggerPockets Podcast 677 BiggerPockets Podcast 667 These 20 Housing Markets Are Cooling the Fastest, According to Redfin Connect with Jamil: Jamil's BiggerPockets Profile Jamil's Instagram Jamil's YouTube Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-678 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Financial freedom in two years? How can that be possible with high interest rates and higher home prices? If you’re looking at what’s on the MLS as the only deals around, you could be missing out on buying properties that could fast-track your journey to early retirement. Taylor Wing, unlike most investors, didn’t go the conventional route when building his rental property portfolio. But, walking the road less traveled has paid off significantly, as he has already found financial freedom in less time than it takes most investors to buy their first property! Taylor’s career trajectory was cut and dry from the start. After graduating from West Point, he entered the Army and knew exactly how rankings, raises, and benefits would work from the day he started until the day he retired. This rigidity didn’t sit well with an entrepreneurial-minded, soon-to-be investor like Taylor. After his first house hack, and a very successful BRRRR, Taylor went full-throttle on investing. Now, just two years later, he has a portfolio of over thirty rental units, a Rolodex full of private money lenders, and teams in multiple states ready to help him grow. So what sets Taylor apart from the rest? Aside from his resilience, Taylor chose to take action once he had enough information, instead of falling victim to analysis paralysis. If you follow Taylor’s advice, you too could grow a portfolio as fast as he did! In This Episode We Cover: Taking action, pushing past fear, and refusing to be stuck in analysis paralysis Direct-to-seller marketing and how to find off-market real estate deals Creative financing strategies, the subject to method, and no money down deals Defining your “buy box” and red flags when looking for a BRRRR or rental property Building your real estate team and the most important hire you can have How to create an actionable plan to reach financial freedom in only a few years  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Jamil's BiggerPockets Profile Jamil's Instagram Hear About “Reverse Flipping” with Ashley Hamilton The 30-Something’s Guide to Financial Freedom Try Follow Up Boss to Get More Real Estate Deals Books Mentioned in the Show: Financial Freedom with Real Estate Investing by Michael Blank Traction by Gino Wickman Connect with Taylor: Taylor's BiggerPockets Profile Taylor's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-677 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The short-term rental game is not one to enter lightly. Regular rental property investors shudder at the constant turnover, consistent guest complaints, and far more intensive upkeep that vacation rental property owners pride themselves on. But is a week in the life of a self-managing short-term rental empire owner that bad? Well, maybe we’ll just have Rob Abasolo AKA Robuilt, YouTube’s go-to authority on vacation rental investing, answer this. Rob has had a troubling week to put it lightly. From guests somehow deadbolting themselves out of their homes to ACs being frozen solid, sending vacationers to the wrong address, and almost obliterating a $20,000 pool, many things can go wrong in the realm of short-term rentals. But, is the profit worth the pain? Dave Meyer from On The Market joins along this episode to act as Rob’s therapist/cheerleader as we go through a week’s worth of almost unbelievable events in the life of a vacation rental property owner. This episode highlights lessons learned from each mistake that you can use to build a better rental property portfolio, have a more seamless customer experience, and maybe get a little more “me and my burrito” time. In This Episode We Cover: Setting up fail-safes around your short-term rental so guests always have a way in Why sticking to your guns isn’t always the best way to build a strong vacation destination brand Supply chain shortages and how it’s severely delaying short-term rental owners Why you should never fully drain a pool (unless you like paying $20,000+ in repairs!) Using speed to your advantage and making guests feel heard as soon as a problem arises Staying in contact with your team so you can solve problems smarter And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Dave's BiggerPockets Profile Dave's Instagram The Ultimate Guide to Short-Term Rental Properties How I Perfected the Process of Self-Managing My Rentals Vacation Rentals Are Popular, But Are They Profitable? Book Mentioned in the Show: Short-Term Rental, Long-Term Wealth by Avery Carl Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-676 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Mortgage rates are up, which is good news for (almost) no one. Those who have built huge equity gains over the past few years now feel like they’re stuck at a crossroads. You could pull a cash-out refinance to buy another investment property, but with such high mortgage rates, is it better to wait out the market? This standoff between buyers, sellers, and the Federal Reserve have many investors confused about the next move to make. Thankfully, our in-the-field investing veteran, David Greene, is here to help. Welcome back to another episode of Seeing Greene, where your host David answers questions on the spot from investors spanning every skill level. We’ve got video and text submissions this week, with topics ranging from whether to wait or buy now, how to push past negativity when you’re struggling to find deals, when to refinance while interest rates rise, asset protection basics, and much more. These in-depth answers from David will probably solve top-of-mind questions you may have too! Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Whether to buy now or wait for a housing market correction How to get out of a negative mindset when struggling to find deals “Timing” your refinance to get the lowest rate possible (and whether or not it’s worth it) What most investors get wrong about house hack “cash flow” Asset protection basics and if an LLC is necessary for your first rental Self-management vs. property management and when to trade money for time And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Ask David Your Real Estate Investing Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Book Mentioned in the Show: Real Estate by the Numbers by Dave Meyer & J Scott Connect with Jonathan Jonathan's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-675 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Ashley Hamilton is a landlord, multi-unit investor, reverse flipper, hard money lender, and everything else in between. You may recognize her name from episode 331, appropriately titled “10 Real Estate Deals on a $20K Waitress Salary,” which became one of the most popular BiggerPockets Real Estate Podcast episodes. If you haven’t heard of Ashley, here’s a quick rundown: As a teen mom, Ashley was working hard daily to provide for her kids. With only a $20K/year salary, she began buying rental properties, often in cash, in the Detroit area. The last time we chatted, Ashley had ten units. But now, things are very different. Ashley knew that ten units and $7,000/month in cash flow was life-changing, but wanted to go even bigger. Since then, she’s rapidly expanded her rental property empire, growing her portfolio by many multiples and expanding into other businesses like consulting and hard money lending. She’s even developed her own version of the BRRRR strategy called “reverse flipping,” which makes high interest rates a non-issue when trying to refinance out of your property. She gives some killer tips on keeping tenant turnover low, why paying taxes isn’t such a bad thing, and how betting on cities like Detroit can make you much wealthier. One surprising thing about Ashley is that she built the foundation of her portfolio on cash deals while making a below-poverty salary. So if you think money is the one thing stopping you from investing, Ashley will probably change your mind! In This Episode We Cover: Buying properties in cash and why leverage isn’t always the best move to make What to do once you’ve hit financial freedom and building generational wealth  Going slow to build a property portfolio fast and “portfolio architecture” Reducing tenant turnover and how Ashley kept 80% of her tenants over ten years! The “reverse flip” strategy and why you should be on the lookout for PILFs Investing even on a low salary and where cash flow can still be found And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Hear Our First Interview with Ashley Tenant Turnover Can Wreck Your Profits—Here’s the Simple Solution to This Costly Issue Book Mentioned in the Show: Buy, Rehab, Rent, Refinance, Repeat by David Greene Connect with Ashley: Ashley's BiggerPockets Profile Work with Ashley Hamilton Consults Ashley's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-674 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

What sets apart your everyday real estate investor from an investing expert? While novice investors are focused on cash flow only, veteran landlords focus on something worth much, much more. Thankfully, even if you’re just getting started on your investing journey, you don’t have to go through the hard work that experts like Dave Meyer and J Scott went through. Instead, you can hear their time-tested advice today, and grab their new book Real Estate by the Numbers!  J, a techie turned master flipper has written numerous books on estimating rehab costs, calculating real estate deals, and recession-proof investing. Dave, our VP of Data and Analytics and host of On the Market, has been head-down in housing market data for the past decade. These two real estate investing juggernauts combined their knowledge to write a book that lets every investor, no matter their skill level, find better deals, calculate profits smarter, and build wealth faster.  In this episode, we talk about calculating cash flow, ROI, and other metrics that may, or may not, matter as much as you’d think. You’ll hear how these two experts use much more than the numbers to define which deals are worth buying. After this episode, you may look at your portfolio differently, or even think about selling some of the properties you thought were “winners” before!  In This Episode We Cover: The math behind the real estate deal and which metrics matter more than most Calculating which properties work best for your portfolio  Defining your “buy box” and using it to filter through deals so you can build wealth faster Why your property’s ROI (return on investment) might be even better than you think How to start thinking like an investing expert and the lump sum vs. cash flow debate  Understanding the time value of money and how it’ll make you richer quicker  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Here’s Why You Should Consider Investing in Senior Living Should You Invest In Senior Housing (And Is Now the Right Time)? Genworth’s Cost of Care Survey BiggerPockets Calculators Book Mentioned in the Show: Real Estate by the Numbers by Dave Meyer & J Scott and Use Code “DAVE” or “JSCOTT” for 10% Off Connect with Dave & J: J's BiggerPockets Profile J's Website Dave's BiggerPockets Profile Dave's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-673 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Rising interest rates are being met with some negativity from investors. Deals don’t make sense anymore, cash flow is becoming almost extinct, and those who could qualify just a year ago are barely making the cut. How could mortgage rates almost doubling over the past year make buying real estate possible, let alone profitable in 2022? David Greene, veteran real estate investor, says that now is the time to buy! Welcome back to another Episode of Seeing Greene, where David hits on some time-sensitive questions surrounding the world of real estate. We touch on private money lending, the housing market and interest rate updates, how to “gift” a down payment, real estate partnerships, goal setting, and who should stay away from house flipping. If you’re just starting your journey in real estate investing, this is the episode to listen to! Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Why rising interest rates make buying real estate even easier in 2022 How to ensure a private money lender feels protected in a deal Real estate partnerships and the right way to gift a down payment DSCR loans and other investor-only financing options you can use to scale your portfolio Novice flipper tips and who should and shouldn’t be flipping homes How to set bigger, better goals that allow you to accomplish your dreams at light speed And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Ask David Your Real Estate Investing Question Books Mentioned in the Show: Long-Distance Real Estate Investing by David Greene Buy, Rehab, Rent, Refinance, Repeat by David Greene The Richest Man in Babylon (BiggerPockets Edition) by George Clason Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-672 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Assisted living investing isn't your typical type of rental property investing. When someone thinks “I want to get rich in real estate,” they’re often not considering setting up a home for seniors, those in medical decline, or medical patients. Investors almost prematurely dismiss any idea of RAL homes (residential assisted living) if they have no medical background and no personal need to do it themselves. This can become a costly mistake, especially when the evidence adds up on why assisted living could be the most recession-proof real estate investment out there. Isabelle Guarino-Smith is one of the investors that decided to go down this path. Without any medical experience of her own, she led her family business to become a successful assisted living brand throughout the state of Arizona. When her grandmother needed care many states away, Isabelle’s father realized that building not only a better facility, but a more profitable portfolio, was a smart move to make. And this risk has paid off significantly, as Isabelle now takes home a five-figure monthly cash flow from each of these properties. She knows that the “silver tsunami” is coming in quickly and that capitalizing on this niche now could mean even great profits in the future. But, this isn’t all about the money for Isabelle and her team. She’s seen how much better care seniors can get in smaller facilities and that this type of investment doesn’t just pay itself back in profits, but in knowing that you’re making a difference in the lives of those who need it most. In This Episode We Cover: How to transition from residential real estate investor to assisted living specialist  The three types of senior housing facilities and the only one worth investing in The “silver tsunami” that’s on the way and how to capitalize on it before it’s too late Financing options for assisted living investments and how to raise capital Renovation tips, common costs, and how much you can expect to make on your first facility And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Dave's BiggerPockets Profile Dave's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Here’s Why You Should Consider Investing in Senior Living Should You Invest In Senior Housing (And Is Now the Right Time)? Genworth’s Cost of Care Survey Books Mentioned in the Show: Rich Dad Poor Dad by Robert Kiyosaki The Pumpkin Plan by Mike Michalowicz The 5am Club by Robin Sharma Connect with Isabelle: Isabelle’s Website Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-671 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

After a strong housing market runup, the Federal Reserve is looking to tame this economic beast with yet another rate hike. Most investors see now as a time to take a step back, invest less, and hold their financial positions steady. But, are we approaching a 2009/2010-type scenario where home prices dramatically drop, and deals are easier to find than ever before? On this month’s BiggerNews, we bring in Kathy Fettke, nationwide real estate investing expert and On the Market expert guest, to give her take on upcoming opportunities. In a recession or correction, smart investors deploy their “defensive investing” techniques, allowing them to pick up steals, not just deals, and fold properties into their portfolio that can help float them during times of trouble. Even as an intense investor, Kathy adopts the “aggressively defensive” tactic, the same one Rich Dad Poor Dad author Robert Kiyosaki told her about back in 2008. Simply put, industry experts like Kathy aren’t thinking of selling—they’re focused on buying!  To wrap up, Dave, David, and Kathy give some practical tips on time management, and how to keep buying as you get busy. With only twenty-four hours in a day, these big-time investors still find ways to run business, record podcasts, and buy new deals, but only thanks to a system they’ve designed. Before you know it, you might be in too tight of a timeline to actively invest, so start implementing these tips now! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Dave's BiggerPockets Profile Dave's Instagram Subscribe to the “On The Market” YouTube Channel BiggerPockets Podcast 502 The Fed Basically Admitted It. They Want a Housing Correction Real Wealth Grow Developments Books Mentioned in the Show: Real Estate by the Numbers by Dave Meyer Rich Dad Poor Dad by Robert Kiyosaki Connect with Kathy: Kathy's BiggerPockets Profile Kathy's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-670 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

BRRRR investing has become one of the most popular real estate investing strategies across the United States. But, the great contractor shortage of 2020 and 2021 almost decimated BRRRR investors. Record high prices, dragged-out timelines, and the inability to rely on almost anyone to fix up houses brought this strategy close to extinction. But now, we’re seeing a second wind of BRRRR investing as contractors aren’t being stretched so thin and competition for real estate starts to slump. Welcome back to another episode of Seeing Greene, where your “I don’t seek validation, validation seeks me” host, David Greene, is back to answer your questions on anything related to real estate. In this episode, we talk about investing methods such as the BRRRR strategy, real estate syndication investing, becoming a real estate professional, and more. We’ll also touch on some deeper topics like why so many new real estate investors crave validation, how to know when to fire your property management company, and the medieval meaning of “racking your brain.” Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: How less competition for contractors could make the BRRRR strategy much more viable in 2022 Real estate syndications vs. investing in your own deals (and how to know which is a better choice) Becoming a real estate professional to significantly lower your taxable income Refinancing a property even if you lack a W2 or don’t have consistent income The right way to find a mentor and taking the “apprenticeship” role instead of asking for advice When to switch property managers and questions to ask before you let them go And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Find the Real Estate Professional You Need BiggerPockets Podcast 378 with Brian Burke BiggerPockets Podcast 649 with Alex Hormozi Books Mentioned in the Show: Buy, Rehab, Rent, Refinance, Repeat by David Greene Long-Distance Real Estate Investing by David Greene Investing in Real Estate with No (and Low) Money Down by Brandon Turner Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-669 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Reaching financial freedom doesn’t mean grinding away for decades to finally retire. It may only take a couple of deals for you to create enough traction to quit your W2 or go full-time into investing. But what if you have a family and children to support? Surely there’s no way to hit quick financial independence with those responsibilities? If you’re still not persuaded, hear Zasha Smith’s story. Zasha was working sixty-hour weeks, sometimes every day of the week, as a civil engineer. She knew that continuing down this career path would lead to long days, even longer nights, and time away from her children. After a quick Google search on “how to get rich,” she stumbled upon real estate investing. After her first successful home flip and her first rental property purchase, she gave her resignation, and the rest is history. Now, she’s got a portfolio capable of providing her a financially free lifestyle, with ten units acquired in just three years. Mind you, this all happened during the events of 2020, meaning Zasha deserves even more credit! She’s currently using her wealth to give back to the community, with plans to build affordable housing throughout her home state of Hawaii. Her “give back, get ahead” mentality is surely working, and it’s something all real estate investors should try. In This Episode We Cover: When to quit your W2 and pursue full-time real estate investing Finding off-market deals and beating Brandon Turner in his own backyard Affordable housing and how you, the landlord, can help those who have limited resources Masterminds, real estate meetups, and other ways to quickly grow your investing network  Real estate partnerships and red flags that every investor must pay attention to Giving back to the community and mentoring others who are just getting started And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Find the Real Estate Professional You Need Why I’m Investing in Affordable Housing for the Long Haul 10 Challenges to Seriously Consider BEFORE Quitting Your Day Job Books Mentioned in the Show: Buy, Rehab, Rent, Refinance, Repeat by David Greene Rich Dad Poor Dad by Robert Kiyosaki Connect with Zasha: Zasha's BiggerPockets Zasha's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-668 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Investment properties are hard to find—unless you use the tips Jonathan Greene mentions in today’s episode. If you’re like most real estate investors, you know that in 2022, it can feel like you're constantly getting nickeled and dimed over every aspect of your offer. The seller wants more money, a quicker closing, refuses to give seller concessions, and acts like their often outdated, structurally unsound property is worth as much as their neighbors' new construction down the street. How do you negotiate with these sellers to actually get the deal done at a price that won’t destroy your future profits? Or, maybe a better question to ask is, how do you find deals already on the market, with desperate sellers waiting to accept any offer that comes their way? What if you’re a brand new real estate investor, still looking for your first rental property? How do you get on the same wavelength as a tough seller? Jonathan Greene is known around the BiggerPockets forums as a millionaire mentor. He left his career as a criminal prosecutor to start profiting from investment properties. Now, he runs an agent team that has built seriously strong negotiation tactics, and Jonathan still invests heavily on the side. He’s walked away from more deals than he can count. But, he’s also won deals that other investors would have no chance at acquiring. Want to repeat how Jonathan did it? You’ll hear it all in this episode! In This Episode We Cover: Why “hard” negotiations don’t work in real estate and the fastest way to ruin a potential deal Defining your “buy box” and looking for much more than just cash flow The foolproof way to guarantee you'll make money on your investment property purchases Why rookies get stuck in analysis paralysis and how simply “seeing” a house will snap you out of it Becoming a great real estate negotiator and giving sellers offers that they can’t refuse The almost too easy way to find under-the-radar real estate deals on the MLS And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter BiggerPockets Real Estate Podcast 584 7 Top Real Estate Negotiation Tips Listen to “Zen and the Art of Real Estate Investing" Connect with Jonathan: Jonathan's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-667 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Unless you’re trying to invest in real estate using all cash, you’ll need to know which investment loans work best for you. But what if you’re a contractor, a business owner, or self-employed? What if you’ve already used up all your financeability and your DTI (debt-to-income ratio) is too high for lenders to take you seriously? What’s your next step? Fortunately, even if you’re feeling the crunch of difficult financing, you still have numerous ways to buy rental properties. You just need to know where to look! We’re back! Or more like David is back on another episode of Seeing Greene where he takes the most-pressing questions from our audience and answers them live for all investors to benefit. In this episode, we’ll be talking about mid-term rentals and the threat they pose to “regular” rental property investing, why it’s so challenging to find investor-friendly agents, how wholesaling real estate could get you into trouble, and house hacking in an expensive market (even with VERY little down). Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Why mid-term rentals may be the perfect sweet spot between effort and cash flow How to grow an investor-friendly team of agents when most agents simply won’t cut it Scaling your rental property portfolio using DSCR loans and other investment property products The 10-second calculation that’ll help you decide whether to sell or rent out your house House hacking in an expensive market and whether the “5% down” method is just a myth Why agents could find themselves in serious trouble when trying to wholesale real estate And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Partnerships—What to Do Before You Jump in With Another Investor 3 Reasons I Think Medium-Term Rentals Beat Short-Term Get Closing Costs Covered with Kyle Renke Housing Market “Soft Spots” with Kyle Renke Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-666 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Short-term rental arbitrage seems like an elusive concept. As a real estate investor, it can be a little hard to wrap your head around it. You lease a property, rent it out, and then…profit? That’s right! Without buying a rental property, dealing with maintenance or large-scale repairs, you too can make just as much money (if not more) than the landlord down the street without ever owning the property in the first place. It sounds like a dream, but in reality, you’ll need an airtight system and team to make it work. Thankfully, Jeff Iloulian has all that and more. Before 2014, Jeff was living as a lucrative lawyer, billing high by-the-minute rates and making money every second he worked. This was during the “wild west” of short-term rental investing, where mom-and-pop owned vacation rentals were starting to become a serious way to make passive income. Jeff initiated his portfolio with just one “lease arbitrage” unit and eventually ballooned his empire up to 150 rentals! Now, Jeff does more than just run his short-term rental portfolio. He runs the buying group HostGPO, helping link up short-term rental operators with vendors who can provide better, time-tested, industry-specific products. Not only that, Jeff manages numerous other vacation rentals, so he knows everything from furnishing to cleaning, check-out procedures, and more. He gives a furniture and furnishing masterclass in the second half of this interview where many of his tips could save you thousands over the lifetime of just one rental unit. In This Episode We Cover: Rental arbitrage and how any investor (no matter their budget) can use it to make passive income Breaking out of the “not enough time” matrix to start investing on a busy schedule Furnishing your short-term rental and why IKEA may not be the best bet for bed sheets Building your short-term rental dream team and how to manage a large-scale portfolio The mega-niche investing opportunity of renting soon-to-be destroyed homes  Leaving a lucrative career to invest in real estate and why it’s almost always worth it And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Airbnb Rental Arbitrage—The Ultimate Guide The Ultimate Guide to Short-Term Rental Properties Creative Ways to Furnish Your Short-Term Rentals on a Budget How to Build Your Dream Short-Term Rental Team Get Exclusive Short-Term Rental Investor Discounts with HostGPO Books Mentioned in the Show: Buy, Rehab, Rent, Refinance, Repeat by David Greene Short-Term Rental, Long-Term Wealth by Avery Carl Connect with Jeff: Jeff's Website Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-665 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The way you pitch anything is how you pitch everything. So how are you showing your professionalism in meetings, negotiations, or presentations? Are you rolling in nervously with a pitch deck that looks like it was made by two middle-schoolers, sporting an unfitting suit and some cheap-looking picture of Hawaii as your background? Is that what multimillionaires want to see on a deal presentation? Will investors even take you seriously? There are a few keys to a perfect pitch, regardless of what you’re even pitching. Oren Klaff, author of Pitch Anything, has become a master at deal negotiations and capital raising. He’s seen what makes a prospective investor walk out of the room or end a video call early, and he’s here to make sure you’re not the person on the other end of that presentation. So what do you need to do to successfully sell or pitch anything? In part two of this second episode with Oren, we walk through the different types of brain stages a presentation attendee is in, how to bypass the brain, and the wrong way to design a pitch. Oren has seen it enough to know that the how you’re presenting information probably isn’t the right way. He gives some rapid-fire tips on immediately boosting your credibility, upping the stakes, and how to get investors, attendees, or anyone else on your side from the first sentence. In This Episode We Cover: Pitching to “dead air” and how to successfully sell anyone on a deal in the video conference-first world Bypassing the brain so investors and attendees hear what you have to say The wrong way to structure a pitch and why most people fail at building rapport Ending the pitch, escalating the tension, and raising the stakes for your attendees The million-dollar move that helped Rob raise seven figures in only a few days And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Check Out Part One with Oren How to Take Control of Everyday Negotiations With One Simple Technique How to Pitch to Investors So They Bite The 4-Second Pitch to Unlock Unlimited Funds Book Mentioned in the Show: Pitch Anything by Oren Klaff Connect with Oren: Oren's website Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-664 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Oren Klaff is best known for his groundbreaking book, Pitch Anything. In it, he gives a systematized way to take control of every meeting, negotiation, and deal on your terms without taking a submissive position. Oren has the expertise to back up his claims. As a world-renowned leader in sales, capital raising, and negotiation, he’s been in the meetings, flipped the script, and gotten deals done that most couldn’t even dream of. Now, he’s sharing his wisdom with you. Much of what Oren describes gets a bad rap in today’s world. The terms “alpha” or “in control” are subliminally thought of as violent or harsh, but in Oren’s context, they are completely accurate. In part one of this two-part episode, Oren gives you everything you need to take control of your deal, get negotiations done on the terms you want, and put opponents in the position for you both to succeed, instead of merely butting heads. But this advice isn’t just for the board room. These key principles work in every conversation you’ll ever have, whether you're raising millions to close on an apartment complex investment or merely trying to get your kid to eat their vegetables. The way you pitch, frame, and control a conversation directly correlates to its outcome. And in real estate investing, this isn’t a skill you’ll want to be without. In This Episode We Cover: The alpha and beta dynamic and putting yourself in the alpha position in every negotiation The risk of not taking control and how giving someone else the lead could ruin your deal Shifting perspective and the “frame control” exercise that’ll bring anyone down (or up) to your level Putting your opponent or partner in an “emotional state” so they can see your point of view  Raising the stakes and how doing so will solidify any deal that needs to get done And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter How to Take Control of Everyday Negotiations With One Simple Technique 7 Real Estate Negotiation Tips 4 Reasons Negotiating Regularly Will Make You Richer, Wiser, & More Confident Book Mentioned in the Show: Pitch Anything by Oren Klaff Connect with Oren: Oren's website Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-663 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Cash flow—the two words every rookie real estate investor loves to hear. It’s always about cash flow. “If the property doesn’t bring in a healthy amount of pure profit every month, there’s no point in buying it!” This sentiment could cost you hundreds of thousands, if not millions over the lifetime of your real estate investing career. Don’t get us wrong, cash flow is important, but focusing on this metric alone may lead to your downfall. Chris Lopez hopped off the “buy only for cash flow” bandwagon long ago, and he’s much richer for doing so. Chris has become successful quickly in the real estate game, which is doubly impressive if you look at his past business history. He didn’t start in real estate sales, investing, or anything of that nature—he was more interested in building content for other businesses he was pursuing. After realizing that rental property investing was the way to go, Chris took a hard pivot, repurposing the same skills he used in his businesses to work in real estate. Now, he’s got eight units of his own, passive investments he doesn't need to worry about, and a successful real estate brokerage situated in the real estate mecca of Denver, Colorado. He’s become the foremost expert on Denver real estate not because he’s done thousands of deals, but because he knows the area well enough to teach those who don’t. Chris talks about business building, mentorship, and a much better calculation than cash flow in this episode. In This Episode We Cover: Building a real estate business that not only makes you active but passive income SEO, content marketing, and using “lead magnets” to drastically increase your deal flow The wrong way to find a mentor and four simple steps to take to get the attention of top investors The world’s best business card and how it turns you from a novice into an expert How to reevaluate your real estate portfolio to ensure it’s making the most money possible And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter BiggerPockets Podcast 278 BiggerPockets Podcast 558 Watch Chris’ “House Hackerz” Series on YouTube 9 Simple Steps to Finding the Best Real Estate Mentor Books Mentioned in the Show: Rich Dad Poor Dad by Robert Kiyosaki BRRRR by David Greene How to Sell Your House for Top Dollar, Faster by Faby Gonzalez Good to Great by Jim Collins Who Not How by Dan Sullivan Connect with Chris: Chris' website Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-662 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The multifamily real estate market seemed almost impenetrable over the past two years. Unless you had millions in dry powder, ready to overpay for a huge apartment complex, there was a low chance you’d be making any money in the multifamily industry. This gave the big buyers an unfair advantage, while smaller investors struggled to put almost anything under contract. The tables have started to turn as interest rates rise, repricing becomes the norm, and multifamily buyers start fleeing the closing table. It’s now your time to shine, small-scale investors. As large buyers begin to fear a housing market crash, you can swoop up the spoils that could benefit you for years to come. But, before you do so, you’ll need to understand how exactly multifamily investing works. Back again on the show are Andrew Cushman and Matt Faircloth, two multifamily masters in their own rights. They’ve become real estate veterans after over a decade worth of investing experience. Now, they’re here to share some beginner steps and tips on how you can get into the world of multifamily real estate, regardless of your experience, knowledge, or bank account size. These steps are simplistic at a high level, but doing them correctly could help you beat out the competition for years to come. The only question is, are you ready to start? In This Episode We Cover: Why today’s “fearful” multifamily market is a great opportunity for new investors  Evaluating your goals, skillset, and advantages before you step into the multifamily market The biggest mistakes new investors make when choosing a real estate market How to get deals sent directly to you and build up a network of top-tier brokers Building your real estate dream team that’ll allow you to scale with far less headache Raising private capital and using other people’s money to grow your real estate empire  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram BiggerPockets Podcast 571 BiggerPockets Podcast 586 BiggerPockets Podcast 634 BiggerPockets Podcast 279 Harvard Joint Center for Housing Studies Crexi Loopnet Berkadia Cushman and Wakefield CBRE Marcus and Milichap Colliers Books Mentioned in the Show: Long-Distance Real Estate Investing by David Greene Raising Private Capital by Matt Faircloth Connect with Matt & Andrew: Andrew's BiggerPockets Profile Matt's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-661 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Hotel investments, big BRRRRs, and some mind-boggling cash flow are coming up on this Deal Deep Dive with our very own Rob Abasolo. For almost the entirety of Rob’s short-term rental investing career, he’s preached the good gospel about how small, mom-and-pop-owned vacation rentals are the way of the future. The secluded single-family rental, log cabin, or treehouse were some of Rob’s most impressive and profitable investments. But now, he’s taken a step in a whole different direction. Rob doubled his rental property portfolio almost overnight, going from fifteen units to thirty-five by purchasing a twenty-unit hotel/motel mix in beautiful Upstate New York. Without much experience running anything on that scale, Rob and his partners went to work trying to figure out how to turn this mess of a motel into a profitable, high-value vacation destination. He faced some serious hurdles, from canceling on guests to fixing a literal hole in the middle of the property, but found a way to make it work. Once the renovations are complete, Rob will walk away with an almost unbelievable amount of yearly cash flow, a seven-figure increase in equity, and a scalable system that will let him do these types of deals more often than he thought. Want to hear the nitty gritty so you can tackle something as lucrative as this? Sit back, relax, press play, and prepare for your next big property purchase!  In This Episode We Cover: Transitioning from single-family rentals to multifamily vacation rental investments  Hotel hurdles and what you should know before investing in a multi-unit short-term rental Big BRRRRs and how to revive a rental property that has serious deferred maintenance  How to find contractors when you’re in a low-population investing area The right way to transfer ownership after you’ve bought a not-so-straightforward property Seller financing and getting deals with lower interest rates and far more flexible lending And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Our Interview with Heather Blankenship on RV Park Investing Are There Opportunities in Hotel Investing in 2022? Struggling to Find a Stellar Contractor? Try These 9 Pro Tips The Definitive Guide to Using Seller Financing to Buy Real Estate Watch Rob’s Video on This Property Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-660 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Nobody likes cold calling. Even just the thought of cold calling is enough to make seasoned real estate investors start to sweat. The waiting, debating, and constant rejection can get to anyone. So why not take the stress out of a tense situation? Why not make cold calling a game? Luke Rotvold decided to do just this. As a new wholesaler, he was used to spending hours on the phone every day. He got so bored that he started playing video games while negotiating with sellers. Surprisingly, it didn’t distract him—it made finding deals far easier. Luke severely leveled up his cold calling skills during those eight-hour long Madden marathons, and eventually started making enough money to build his own team. But Luke didn’t want to start something that felt like a drag to the workers, employers, and everyone else in between. Instead, Luke built a lifestyle-first business, where everyone wins (and loses) together, and coming to work feels like an escape, not a prison sentence. The results speak for themselves as Luke and his team have been able to crush massive wholesaling, flipping, and investing goals. Luke has made hundreds of thousands on flips, tens of thousands cold calling, and now watches as his cascading cash flow rolls in from his buy and hold investments. He breaks down his four tips to gamify your real estate business so you, and your team, can build wealth together. In This Episode We Cover: Why cold calling is such a difficult skill to master and how making it fun will get your more deals Creating a company culture that outside employees will be envious of The four ways to gamify your real estate investing so you can enjoy getting more done Sharing the wins, and losses, with a team so everyone rises together  Incentivizing not only your employees but yourself by building powerful goals Partnering with those you work with so you can collectively build bigger portfolios  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter 5 Cold Calling Techniques That Really Work No. 1 Most Effective Way to Master the Art of Cold Calling Which Company Culture Cultivates Competency? Books Mentioned in the Show: Top Five Regrets of the Dying by Bronnie Ware The Monk Who Sold His Ferrari by Robin Sharma Connect with Luke: Luke's Instagram Luke's YouTube Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-659 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Mortgage rates went from being a nap-inducing topic to becoming one of the most talked about, researched, and debated subjects of 2022. After two years of rock-bottom interest rates, homebuyers and investors are getting a rude awakening with some of the biggest mortgage rate hikes in decades, used simply to slow down the economy’s rampant inflation. But where are we headed, and if interest rates go higher, is there a way that the everyday investor can still lock in a low payment? There’s no better person to ask than US Wholesale Mortgage’s Mat Ishbia. Mat has been running the US’s largest wholesale mortgage company for decades, so he knows the ins and outs of the industry better than anyone else. His company provides some of the lowest payments and fastest closings for residential and investor borrowers around the country. With all this background knowledge, where does Mat think that mortgage rates are headed by the end of 2022? Mat pulls out his wealth of knowledge to give investors just like you the best glimpse into the future on this month’s BiggerNews episode. Not only that, Mat walks through how every borrower can save a whopping $9,400 on their next mortgage by making one simple move, and why investors should work with a mortgage broker first, not a mortgage lender, when trying to find the best rates, service, and closing dates around. In This Episode We Cover: Why working with a mortgage broker gives borrowers better pricing and flexibility Interest rate predictions as we enter into the second half of 2022 Where to find the cheapest mortgage (regardless of interest rates) Housing market forecasts and whether or not the recession will hit homebuying DSCR loans and other investor-only loans that won’t require a W2  How interest rates are calculated by mortgage lenders and what happens behind the scenes And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Find a Lender in Your Area What’s the Difference Between a Mortgage Banker and a Mortgage Broker? Ask These 19 Questions to Find the Best Mortgage Lender Hear About David’s Low Money Down BRRRR Deal David's BiggerPockets Profile David's Instagram Dave's BiggerPockets Profile Dave's Instagram Book Mentioned in the Show: Buy, Rehab, Rent, Refinance, Repeat by David Greene Connect with Mat: United Wholesale Mortgage Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-658 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The best way to build wealth isn’t always the most obvious. More people will take the passive road to wealth building, which is usually far slower, and much less efficient than the active path to wealth. The active investor takes time making calculated decisions that would scare almost every average investor. Flipping a house, renovating a rental, or buying a thirteen-unit apartment building may be a little too much for most people, but probably not too much for you. If you’re looking to fast-track your way to millionaire status, have the passive cash flow to float you in retirement, and live life on your schedule, then real estate investing is probably your chosen asset. The guests of today’s Seeing Greene episode prove this even with their quick questions. In this episode, David will answer questions on which investing strategy is best over the next ten years, whether to invest in stocks vs. real estate, how to start investing with as little as $5K and up to $100K, and how increasing your leverage can slingshot your net worth. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!  In This Episode We Cover: The 1031 exchange explained and how to turn one property into many  Single-family vs. multifamily real estate and which will make more in the next decade Real estate coaching and why it might not be as good of a career as most people think Stocks vs. real estate and which is better for the investor trying to build wealth now Paying off debt vs. investing in real estate and how to know which move is right for your specific circumstance How to start investing with as little as five-thousand dollars (even with no experience!) And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Ask David Your Real Estate Investing Question BiggerPockets Real Estate Podcast 639 with Matt Argersinger from “The Motley Fool” Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-657 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

A “dead” real estate deal happens more than you’d think. Somewhere along the line, a buyer, seller, agent, or investor gives up. Either there’s not enough money, time, or patience left in the deal to get the property bought or sold. When real estate transactions drag out, you could get caught with months of holding time or thousands in inspection costs, only to have the deal drop out from under your feet. So, how do you revive a dead deal when everyone else has given up? Just ask Tyler and Trevor Sarter. Tyler and Trevor are based in Detroit, dealing with lots of international investors who want a piece of the cash-flowing pie. They work primarily as wholesalers, but also flip houses, and advise/consult their investors from abroad. They have a “do what you need to do to get the deal done” type mentality, which to no surprise has served them very well in their business. When other investors give up, Tyler and Trevor are waiting in the wings to get the property closed. As two former basketball players, they understand what working as a team means and how everyone needs to play their part in order to become champions. They’re not as profit-oriented as they are solution-oriented, making sure everything gets done no matter what comes their way. Because of this, they’ve built a successful real estate business, better yet as two brothers. In This Episode We Cover: How to find buyers, sellers, and deals as a wholesaler, flipper, and investor Keeping the deal “alive” and why over-communicating is necessary to start investing Staying organized and building a fine-tuned machine that will run even when things go wrong How to prepare yourself as a rookie real estate investor for your first deal  Using real estate to help friends and family deal with tough situations (while you also make a profit!) Finding the “MVP” of your team and the support roles that will boost that player up  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter The Newbie’s Guide to Wholesaling in 7 Simple Steps How to Build a Highly Effective Real Estate Team REIPro PropStream Books Mentioned in the Show: Rich Dad Poor Dad by Robert Kiyosaki Millionaire Real Estate Investor by Gary Keller The Millionaire Fastlane by MJ DeMarco Mastery by Robert Greene Connect with Tyler & Trevor: Tyler's BiggerPockets Profile Trevor's BiggerPockets Profile Work with Promise Land Realty Work with Promise Land Realty on Instagram Work with Promise Land Realty on Twitter Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-656 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Private money lending has become a hot topic over the past few years. With rising equity and asset prices, more lenders have come out of the woodwork, and an equal amount of investors have sprouted up to match the need. But taking on private money isn’t a light decision, although most investors think of it that way. Doing a deal the wrong way could put your reputation in jeopardy and rack up an expensive bill you’ll need to pay back. Before you accept (or lend) private money, there are a few things you should know. But you don’t have to go through trial and error to figure them out! Back on part four of this private money series is Amy Mahjoory, investor and private money expert. Amy goes into the nitty-gritty of private money, from debating debt vs. equity to the risk of raising capital, protecting your investors, and the type of interest rates you can charge and returns you can expect. If you haven’t raised or lent private money before, we recommend watching the entirety of this four-part series, as it answers crucial questions that rookies can often overlook. We also follow up with some Q&As from the comment section about how to pay a private money lender back, why coaching is seen as scammy, and the three documents you’ll need to do a private money deal. In This Episode We Cover: Raising debt vs. equity for your real estate deal and which one comes with more risk Building rapport with lenders and never accepting “random” investments  The most common private money red flags for both lenders and investors The three documents you’ll need to accept a private money loan  Finding “silent partners” who will fund your deal without overriding your decisions The best investment opportunities of 2022 in multiple different niches And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Amy’s Private Money Resources BiggerPockets Podcast 636 with Amy Part 1 BiggerPockets Podcast 637 with Amy Part 2 BiggerPockets Podcast 654 with Amy Part 3 BiggerPockets Podcast 649 with Alex Hormozi Raising Private Money Live Event Coaching with Amy - PML Excel Course Amy's E-book Books Mentioned in the Show: Lend to Live by Alexandria Breashears & Beth Johnson Raising Private Capital by Matt Faircloth Pitch Anything by Oren Klaff Connect with Amy: Amy's Website Amy's LinkedIn Amy's Instagram: @amymahjoory Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-655 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Finding a private money lender is far less complicated than people think. Striking up a ten-minute conversation could be enough to find your next round of private money. At least that’s how it worked out for Josiah. Josiah is a small business owner, running a pool cleaning business while building up a small portfolio of rental properties. He sees dozens of new faces every day, and those new faces directly translate into new opportunities. After hearing our past episodes with Amy Mahjoory, Josiah took some of her tips and began pitching his deals to everyone he encountered. Now, he’s got some private money lenders lined up for his new multi-unit, four and a-half acre, short-term rental real estate deal. We told you—raising private money is a lot easier than most people think! But we’re not just talking to Josiah today. We also have Amy back on the show for part three of her private money masterclass. This time, Amy talks about building the “credibility pieces” that give private money lenders confidence in you, your team, and your deal. These range from presentations to deal reviews, calculators, and more. These private money tools took decades to build and Amy still uses them today! Interested in testing out some of Amy's private money-raising tools? Check out the BiggerPockets Real Estate Podcast show page for links! In This Episode We Cover: Josiah’s "pool guy to private money" story and how anyone can find private money in their area The FACT framework recap and using it to establish a system for finding private money Building rapport and creating credibility by showcasing yourself, your deals, and your team The sixteen “credibility pieces” Amy uses every day to engage more private money lenders How to be prepared when private money lenders ask you specifics about a certain deal A brief lesson in how to escape a bear “attack” from Rob Abasolo And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Amy’s Private Money Resources BiggerPockets Podcast 636 with Amy Part 1 BiggerPockets Podcast 637 with Amy Part 2 Coaching with Amy - PML Excel Course Amy's E-book Books Mentioned in the Show: Long-Distance Real Estate Investing by David Greene Lend to Live by Alexandria Breashears & Beth Johnson Raising Private Capital by Matt Faircloth Connect with Amy & Josiah: Amy's Website Amy's LinkedIn Amy's Instagram: @amymahjoory Josiah's Instagram: @josiahhein Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-654 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

You’ve probably seen Flip or Flop before. Even if you’re not a home flipper, it’s hard to not get sucked into the glitz and glamor of watching Tarek El Moussa and his team rip out old fixtures from the 1950s and replace them with brand new, beautifully designed upgrades. Tarek is one of the most recognized home flippers in the world and has inspired thousands of others to start building wealth through real estate. He’s an inspiration to all of us, but how did he get to such a peak point? Tarek wasn’t a great flipper right out the gate. He electrocuted and burned himself on his first deal, but that wasn’t enough to deter him. Before the great recession, Tarek was living large, making forty-thousand dollars a month in his early twenties. But when the crash came, he had to sell everything and start from scratch. After attending a real estate seminar he caught the flipping bug and realized he needed to invest in real estate full-time. After a successful first flip, he pitched the idea of Flip or Flop to different television networks, with HGTV finally giving him a chance. He describes the first season of Flip or Flop as working eighteen-hour days, constantly stressing, and forcing himself to build a business, not just a side-hustle. This allowed him to delegate by buying more flips and building wealth faster. Funnily enough, his main piece of advice for flippers isn’t to try and make more money—it’s to start losing it instead. In This Episode We Cover: Tarek’s five house flipping tips that anyone can use to successfully start flipping The single biggest mistake that most flippers (and investors) make Flipping while filming and how to pitch a TV show as a complete novice Why finding real estate deals is the most important thing a house flipper can do Knowing your market and the key metrics to look for when investigating an area Designing a renovation that will beat out the comps in your neighborhood  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Enroll In the BiggerPockets Bootcamps and Get 10% Off Using Code “BOOTCAMP10” Do You Make These 7 Deadly House Flipping Mistakes? Books Mentioned in the Show: Long-Distance Real Estate Investing by David Greene The Book on Flipping Houses by J Scott Connect with Tarek: Invest with Tarek and His Team Tarek's Instagram: @therealtarekelmoussa Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-653 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

You may already be a landlord, or you might still be searching for your first rental property. How should you go about finding a winner? What’s the best real estate market to invest in and how do you make the most money while having the least amount of stress? Only experienced landlords know how to answer these questions. They’ve bought dozens of houses, dealt with numerous tenants, and been through trial and error, so you don’t have to. And that’s exactly what this episode is all about. Ashley Kehr, host of the Real Estate Rookie Podcast, and Craig Curelop, author of The House Hacking Strategy, are here to answer common landlording FAQs. Both Ashley and Craig have had so much interest in their individual endeavors that they’re now hosting the BiggerPockets Bootcamps! Ashley’s will teach you about buying (and managing) your first property the right way, while Craig’s house hacking bootcamp will give you everything you need to buy your first house hack property in just ten weeks! Along with real estate regulars David Greene and Rob Abasolo, Ashley and Craig will be touching on some hot topics in today’s episodes. Topics like when to give rent credits to tenants, pros and cons of renting by the room, the first steps to take after getting a property under contract, how to show your rental units, and where to find the best real estate markets around.  In This Episode We Cover: Tenant rent credits, when to apply them, and the dangers of using them improperly Pros and cons of renting by the room and how house hacking can be seriously profitable Mixed-use properties and the first steps you should take after getting one under-contract In-person vs. virtual showings and which are better for leasing/selling a property Becoming a “passive” landlord and setting your system up to take care of headaches for you The telltale signs of a great rental property market and which states show the biggest signs of progress And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Enroll In the BiggerPockets Bootcamps and Get 10% Off Using Code “BOOTCAMP10” Listen to The “Real Estate Rookie” Podcast with Ashley Kehr Avail’s Landlord-Tenant State Laws Book Mentioned in the Show: The House Hacking Strategy by Craig Curelop Connect with Craig & Ashley: Ashley's BiggerPockets Profile Craig's BiggerPockets Profile Ashley Instagram: @wealthfromrentals Craig's Instagram: @thefiguy   Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-652 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

How does a recession affect real estate investors? With layoffs, high inflation, and affordability problems, can the average American even afford to rent? What about vacation rentals—will short-term rental hosts see occupancy drop as families run out of disposable income? These types of questions can strike fear into rookie real estate investors, but we’ve brought along some veterans to clear up the facts from fiction. Welcome to another episode of Seeing Greene where David is joined by numerous expert investors to help him answer real estate-related questions. Ashley Kehr, Avery Carl, Craig Curelop, and Matt Faircloth are all on today’s episode to answer questions ranging from recession risk to house hacking income, scaling from small to large multifamily, and more. If you want to dive deeper into any of these niches, be sure to sign up for the BiggerPockets Bootcamps, featuring strategy-specific live lessons for house hackers, short-term rental hosts, multifamily investors, and more. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Finding a mentor and how to choose a real estate market as a beginner Where the short-term rental market is trending and whether or not recession puts it at risk Renting to family and friends, whether to discount rent, and how to treat them as a tenant Debt-to-income ratios and how house hacking rent could affect yours Scaling from small multifamily to large multifamily properties and the differences between the two Investing in real estate vs. stocks and the risks of selling a rental property HELOCs vs. cash-out refinances and which is best when buying more real estate And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Enroll In the BiggerPockets Bootcamps and Get 10% Off Using Code “BOOTCAMP10” No, Life Isn’t Fair—But Here’s How You Can Turn Things Around Books Mentioned in the Show: The House Hacking Strategy by Craig Curelop The Multifamily Millionaire Part 1 by Brandon Turner & Brian Murray The Multifamily Millionaire Part 2 by Brandon Turner & Brian Murray Raising Private Capital by Matt Faircloth Short-Term Rental Long-Term Wealth by Avery Carl Connect with Ashley, Avery, Craig & Matt: Ashley's BiggerPockets Profile Avery's BiggerPockets Profile Craig's BiggerPockets Profile Matt's BiggerPockets Profile Ashley's Instagram: @wealthfromrentals Avery's Instagram: @theshorttermshop Craig's Instagram: @thefiguy Matt's Instagram: @themattfaircloth Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-651 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Should you quit your job? If you’re a new investor, this question can be extremely daunting. W-2s provide security, insurance, and consistent income so you can get approved for loans and lending. But at some point, especially as things take off, holding onto a job could be holding you back. But how do you know whether or not it’s time to quit? Take advice from some veteran quitters, Pat Hiban and Tim Rhode. You may have heard Pat and Tim on episode 648 of the BiggerPockets Real Estate Podcast, where they lay out their quitter’s journey on how leaving their lines of work made them more money with far less stress. Now, they’re taking live scenarios from BiggerPockets listeners and playing “2 Legit or Quit,” to give their expert insight on whether or not the job is worth the wage. Pick up Pat and Tim’s newest book, The Quitter’s Manifesto: Quit a Job You Hate for the Work You Love, today!  Link Mentioned in this Episode: Grab Your Copy of “The Quitter’s Manifesto” Hear Pat and Tim’s Past Episode 10 Challenges to Seriously Consider BEFORE Quitting Your Day Job Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Rob's BiggerPockets Profile David's BiggerPockets Profile David's Instagram Check the full episode: Why Winners Quit: The 5 Factors to Leaving a Soul-Sucking Job Learn more about your ad choices. Visit megaphone.fm/adchoices

RV park investments are probably not the first thing you think of when somebody says “real estate investing.” You’re probably used to single-family homes, duplexes, apartments, or something that has to do with long-term, residential real estate. What if we told you there was a hidden niche in the real estate investing arena, one with less competition, sky-high revenues, and almost unlimited ways to cash flow.  Heather Blankenship has been in the short-term rental investing niche for more than a decade. It was much different back when she got started. On a coast-to-coast road trip, Heather had the idea to buy an RV park. She had no experience, no money, and knew nothing about hospitality operations. She was, quite surprisingly, able to find and buy a $3.2M RV park, which she’s now upgraded into a $15M property.  Don’t get her story wrong, this is not a “fake it till you make it” type scenario. Heather put in years' worth of long days, longer nights, and enormous effort to make properties just like this one, finally profit. Now, with three kids and a portfolio worth over $30M, Heather has become one of the leading figures in creative short-term rental investing. If you’ve never thought about glamping, camping, or RV park investing, this episode will seriously pique your interest.  In This Episode We Cover The massive cash flow you can earn from RV parks, campsites, and glamping  How the short-term rental space is softening and what hosts can do to stand out Ditching the traditional travel sites and why building a direct booking site may be the best move for investors  The dozens of ways you can make money owning an RV park or campsite  Commercial financing, permitting, and everything else you must know before buying a large short-term rental property  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Hear Heather’s Interview on The “Real Estate Rookie” Podcast Fanboy with Rob over Matthew McConaughey’s Interview Campgrounds—The Investment You’ve (Probably) Never Thought About Use the BiggerPockets Tools on Your Next Deal Books Mentioned in the Show: The Gap and the Gain by Dan Sullivan The Ruthless Elimination of Hurry by John Mark Comer Connect with Heather: Heather's BiggerPockets Profile Heather's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-650 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Alex Hormozi is quite literally the one hundred-million-dollar man. If you haven’t heard of Alex before, prepare to have your mind blown wide open. He’s the poster child for entrepreneurialism on the internet, founding multiple eight and nine-figure businesses, including his current venture that does over $150M per year in revenue. He’s one of the wisest founders and CEOs out there, not because he does so much, but because he knows when to do less. One of Alex’s first successes, Gym Launch, proved how repeatable building multi-million dollar businesses can be. He quickly ramped up revenue, grew a team, and began cash-flowing seven figures. But, this was just the beginning. Over the past decade, Alex has advised numerous start-ups and established businesses, blowing revenue and sales figures out of the water by introducing easily-repeatable systems into the mix There aren’t many people who think like Alex is in his industry, or in any industry, to be fair. But, you don’t need to be just like Alex to use his teachings in real life. In this episode, Alex lays out the scaling system that will make you seven figures before you know it. He also talks about the one investment every entrepreneur should make—one that almost guarantees success, regardless of the field you're in. Want to learn how to ditch the burnout, make moves that count, and start bringing in millions? Hit play on this episode. In This Episode We Cover: Alex Hormozi’s journey from complete rookie to $150M in cash flow  How to scale your business from low revenue to seven-figures and beyond  The “weak link” every entrepreneur should focus on strengthening immediately  Hiring the “stallions” that can run your business better than you’ve ever dreamt  The “prescriptions of activation” that lead to massive success, with far less confusion  Why just being “good enough” can lead to more success than people think  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter The Simplest Way to Successfully Scale Your Business The Millionaire Formula—10 Steps to Hit 7-Figure Net Worth How to Succeed at Doing Anything w/David Greene Books Mentioned in the Show: $100M Offers by Alex Hormozi Crushing It in Apartments and Commercial Real Estate by Brian Murray Connect with Alex: Work with Alex and Scale Your Business at Acquisition.com Alex's YouTube Alex's Instagram Alex's Twitter Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-649 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Quitting your job is a big decision and it doesn’t always lead to the perfect outcome—at least not immediately. Most people think that you have to be miserable or make very little money to want to quit a job, but even high earners still find themselves struggling to attend their nine-to-fives. Pat Hiban is the perfect example. He quit during his prime even as he was making a high income and after owning his own company. Regardless of all the respect, responsibility, and ability to make phenomenal income, it just wasn't enough for Pat. You may be feeling the same. Maybe you’re daydreaming about multifamily investing as you sit at work, or picturing the perfect vacation rental property on your commute. Whatever your reason, quitting might be the best move for you to make, but only if it’s the right time. Don’t worry if you’re struggling with decision fatigue, Pat and fellow quitter Tim Rhode just came out with their newest book, The Quitter’s Manifesto: Quit a Job You Hate for the Work You Love. In it, Pat and Tim give stories and tools that will help you on your path to building wealth while leaving a job that you hate. The resources you’ll find in this book are exactly what our very own David Greene used when deciding to quit his highly lucrative, but mentally draining job as a police officer. If you’ve been sitting on the fence, not knowing the next step to take in your career, this book may be exactly what you need. In This Episode We Cover: How to quit your job and start investing in real estate full-time The five factors of a soul-sucking job and how to evaluate whether or not it’s time to jump ship Finding the "quitter’s trapeze” that can help you transition from W-2 to self-employed worker Building your team of quitters who will hold you accountable and take you to the next level of your career What it looks like when you’re ready to quit and how to emotionally prepare for the impact And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter BiggerPockets Podcast 190 with Pat BiggerPockets Podcast 353 with Tim Hear David’s Real Estate Origin Story on The “BiggerPockets Money Podcast” 10 Challenges to Seriously Consider BEFORE Quitting Your Day Job Books Mentioned in the Show: 6 Steps to 7 Figures by Pat Hiban The Quitter’s Manifesto by Tim Rhode and Pat Hiban Connect with Pat & Tim: Pat's LinkedIn Pat's BiggerPockets Profile Tim's Website Tim's LinkedIn Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-648 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone wants more real estate leads. It doesn’t matter if you’re an agent, investor, flipper, or mortgage broker. The more prospective buyers and sellers, the better. But what happens when you finally get those leads? Maybe you’re cold calling, meeting for coffee, or linking up at the property. What do you say to let leads know that you’re the best agent or investor around and that they can trust you to get the deal done? Juliet Lalouel has a simple, fool-proof answer for you. Juliet operates out of Hawaii, one of the nation's hottest real estate markets. She’s done everything from working in restaurants to running a bike business in her garage, to even becoming the go-to matchmaker for musicians that want to invest in real estate. She’s worn a lot of hats and even decided to leave one of the top teams in the state to go solo as an investor agent. When she realized all the leads were coming from her own personal network, she decided to make the jump on her own. Now, she’s actively flipping, buying, and selling homes for not only herself but her investor clients throughout the islands. She’s been able to grow a respectable network, one which many investors dream of having, and she did all of this through tweaking her “tonality.” If you want to hear why this small change led to such big results, be sure to listen all the way to the end of this episode. In This Episode We Cover: How to get more real estate leads as an agent, investor, or broker Why “tonality” is such an important part of your pitch when selling yourself to clients Building your investor network and gaining the trust of the biggest players in your area Why every investor or agent should reassess their emotional intelligence (and how to improve it) The five-second pitch to earn a lead’s trust as soon as they pick up the phone Why no type of experience is unimportant when it comes to building real estate skills  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Amy Mahjoory’s 4-Second Power Pitch Books Mentioned in the Show: SOLD by David Greene SKILL by David Greene Pitch Anything by Oren Klaff Thinking, Fast, and Slow by Daniel Kahneman Never Spilt the Difference by Chris Voss 48 Laws of Power by Robert Greene Connect with Juliet: Juliet's Website Juliet's Instagram HeavyRealty's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-647 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Every investor has wondered how to invest like Warren Buffett. He’s arguably the best stock trader of all time—preaching the fundamentals of investing in equities, something that most modern-day investors seem to forget. We’re seeing the same thing in the real estate industry. With a runup of home prices and stock prices over the past two years, almost every investing strategy has worked. But, as prices begin to plummet, overconfident investors are starting to see the errors of their ways and that making money isn’t always easy. So in today’s risky environment, we have to ask: what would Warren (Buffett) do? Someone who’s been asking that question for years is Trey Lockerbie. He’s co-host of We Study Billionaires, where he interviews some of the best and brightest investors on planet earth. Trey has lived an interesting life. He was a musician, went on the road for years, started a kombucha brand, and now reads everything he can on how to build billion-dollar businesses and billion-dollar wealth. With the aura of fear many of us are feeling in the investing space, Trey brings in some much-needed clarity on what investors should and shouldn’t be doing right now. And he got some of this advice directly from top stock investor himself, Warren Buffett. While we do go deep into the coming opportunities for real estate investors, we also hear about how stock investing isn’t so different, and why the massive drop in cryptocurrency prices could be an opportunity for investors who are on the fence about blockchain. Regardless of what you invest in, how much you invest, or whether or not you’ve started investing, Trey can enlighten you on how to maximize the decision you’re about to make. In This Episode We Cover: Secret investing lessons learned at a dinner with Warren Buffett Understanding the “human” element behind why markets rise and fall Fear vs. greed and whether or not to buy in an overly pessimistic investing environment Why Bitcoin is becoming more attractive to real estate investors even as its price drops Inflation, money printing, and how the world’s debt works How high will interest rates go and what investors should prepare for Starting a business that can sell for millions (or billions) and how to get there And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Listen to Our Past Episode with “We Study Billionaires” Host Stig Brodersen Check Out Our Episode with Ed Mylett on Investing Opportunities in 2022 How I Hired Warren Buffett as My Real Estate Mentor “We Study Billionaires” Podcast Connect with Trey: Trey on Twitter Drink Some of Trey’s Superb Kombucha Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-646 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Should you borrow money from your family? It could hurt your relationship if the deal goes wrong, but strengthen an existing partnership if everything goes right. Maybe a better question—how should you start raising private capital for your real estate deals? When it comes to the debt vs. equity debate, which makes more sense in your situation? Don’t worry, we’re bringing answers to all these questions and more! Welcome back to another episode of Seeing Greene, where your host David Greene answers questions from both aspiring and established real estate investors. We’re also joined by Alex Breshears and Beth Johnson, two expert private money lenders and authors of the newest BiggerPockets book, Lend to Live. They help tag-team some private money-specific questions as well as give context on who you should and shouldn’t accept funding from. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: How to use real estate depreciation to offset income from a W2 Sell, refi, rent, or hold—which is the best move as the market gets shaky? Whether building a purely passive real estate portfolio is possible or improbable How to pay back private money and whether taking debt vs. equity partners is the best move Borrowing money from family and how it could hurt your real estate deals and relationships Why understanding a lender’s pain points is mandatory before accepting money from them And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter BiggerPockets Podcast 636 with Amy Mahjoory (Part 1) BiggerPockets Podcast 637 with Amy Mahjoory (Part 2) Scott Trench’s 10-Step Checklist to Buy Your First Rental Property Books Mentioned in the Show Lend to Live by Beth Johnson and Alex Breshears The Win-Win Wealth Strategy by Tom Wheelwright Set for Life by Scott Trench Connect with Beth & Alex: Alex and Beth Email on Lend2Live Beth's Email on Flynn Family Lending Alex' BiggerPockets Profile Beth's BiggerPockets Profile Lend2Live Flynn Family Lending Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-645 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The BRRRR method (buy, rehab, rent, refinance, repeat) is commonly known among real estate investors as one of the fastest ways to build a portfolio of rental properties. The beauty of the BRRRR strategy is that it takes less time and money to get properties to cash flow with baked-in appreciation. But what if you were to ramp up the BRRRR method, so instead of doing a BRRRR every year, you did it 125 times a year. Sounds a little insane, right? Meet the man behind the madness, Chad Beeman, who has (and this is not an exaggeration) bought and BRRRRed fifty rental properties in the past six months. This is a staggering amount of properties to buy in such a short amount of time. The craziest part? Chad is planning on purchasing another seventy properties over the next six months! So how is he able to buy so many properties, scale so quickly, and do so without losing his balance? Chad walks through his small team, system, and thought process that helps him stay so successful. He’s had some blunders in the past (like spending $30K rehabbing the wrong house) but has thought of them as “tuition” when investing in real estate. Thanks to these mistakes, he’s been able to grow faster, build more than a million dollars worth of appreciation, and shoot well past financial freedom in his real estate investing journey. In This Episode We Cover: Why the BRRRR method is perfect for those who are strapped for cash but want to build wealth How the current housing market is affecting BRRRR deals and the art of making multiple offers Becoming an “accidental millionaire” and how real estate wealth grows in the background Building a small team, learning to outsource, and developing the “Who Not How” mentality  Real estate partnerships and how they can allow you to buy more properties using less money Why you should always double-check you’re at the right house BEFORE doing a renovation And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Listen to Our Interview with “Who Not How” Author Dan Sullivan Use the BiggerPockets Calculators to Analyze Your Next Rental Property Books Mentioned in the Show BRRRR by David Greene Who Not How by Dan Sullivan Connect with Chad: Chad's Instagram Chad's LinkedIn Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-644 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

A 3D printed house isn’t all that different from a traditional home—except they are stronger, faster to build, easier to maintain, and cost much less than your average “stick-built” home. These 3D printed homes can be printed in as little as two days, with a crew of only two workers, using much cheaper material than traditional builders use. Does this mean that a wave of ultra-affordable homes is about to hit the market, or is this still just a futuristic theory that may never come to fruition? We’re back with this month’s BiggerNews, as we dive into the world of 3D printed houses, the future of building costs, and how the housing crisis could be quickly solved with printable and profitable homes. Zachary Mannheimer, CEO of Alquist 3D, is here to share his knowledge on how the construction industry is about to be severely disrupted. To Zachary, 3D printed homes could help millions of Americans who struggle to find housing, as well as make housing affordable for everyday workers. Zachary’s team designs and builds 3D printed homes, and while it may seem a bit far off to most investors, Zachary thinks we’re only a few short years away from a takeover in how housing is built. With massive cost savings for developers, immediately accessible parts for maintenance, and some of the strongest materials used in construction, 3D printed houses aren’t just a replacement for traditional homes, they’re a complete upgrade. In This Episode We Cover: How does 3D printing work and the new way to build residential homes The housing inventory shortage and how 3D printed houses could be the solution Huge cost savings and how developers could build homes for far cheaper Comparing 3D printed houses to traditional homes and which will win in the long-run Whether cheaper homes could help or hurt landlords and real estate investors  Creating jobs, trade schools, and technical programs around 3D printing And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Hear More About 3D Printed Homes on This Week’s “On The Market” Episode U.S. Housing Starts Fell Again In June—What It Means For Investors Get Behind The Shine—A Weekly Textletter from David Greene Connect with Zachary:  Zachary’s Team at Alquist Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-643 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Is private money lending the next best way to invest? To the everyday landlord, home flipper, or once-in-a-while investor, private lending seems completely foreign. Why would you lend money when you can put it into your deals? And even if you wanted to, wouldn’t it take millions, or at least a few hundred thousand dollars to get started? Surprisingly, private money lending is available to more people than you think, and it could be your next way to make truly passive income. Alex Breshears and Beth Johnson were neither millionaires nor active investors when they started lending private money. Over time, they realized that they had grown relationships with active real estate investors, many of which always needed funding for the next deal. While swinging hammers and painting baseboards may sound fun to active BRRRRers or flippers, to Alex and Beth, the passive income that came in from private money lending was even better. They’re now so ingrained in the world of private money lending that they’ve written the newest BiggerPockets book, Lend to Live, where they talk about how to build “hassle-free passive income” by lending private money. In this episode, they go over how a new investor can start lending, what to look out for in a lender when you need money for deals, and how even with a few thousand dollars, you too can start building truly passive income streams. In This Episode We Cover: How any investor can start lending money for a substantial profit Why private lending has become more popular as investment funding becomes limited Hard money vs. private money and why you should never confuse the two What to look for in a private money lender and how to vet them before you invest Protecting your money as a private lender and what you need to do to secure a return Where private money lenders can find investors who are looking to invest  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Why Private Money Lending is a Perfect Alternative to Active Investing The Perks & Process of Becoming a Private Lender Books Mentioned in the Show Lend to Live by Beth Johnson and Alex Breshears Extreme Ownership by Leif Babin Cashflow Quadrant by Robert Kiyosaki Psycho-Cybernetics by Maxwell Maltz, M.D Connect with Beth & Alex: Alex and Beth Email on Lend2Live Beth's Email on Flynn Family Lending Alex' BiggerPockets Profile Beth's BiggerPockets Profile Lend2Live Flynn Family Lending Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-642 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Vacation rentals, real estate agent commissions, brokerage fees, insurance quotes, and everything in between just start to scratch the surface of who Christian Bachelder is. Some of you may have seen Christian before on our YouTube channel where he talks about interest rates, loan products, and other future financing projections. But today, Christian gets to talk about how he not only built a large rental portfolio but did so while running multiple businesses. Even as full-time workers, many Americans feel like they don’t have enough time in the day to relax, let alone invest. So how does someone with a jam-packed schedule, a lot of pressure, and a mountain of responsibilities find time to not only buy one rental but fifteen rental properties in a year? To Christian, it took a bit of trial and error, but the answer is simply making your time as efficient as humanly possible. He’s been able to heavily invest, start and run one of the top mortgage brokerages in the country, work as an agent, and provide insurance to clients as well. He drills down into what business owners and investors alike need to do to reclaim their time, and once it’s theirs, use it to the highest and best use. He also drops some financing pro tips that may help you lower the down payment you need or close with a better-than-average interest rate! In This Episode We Cover: Turning your referrals into full-blown businesses that can build your wealth Why investors should always choose brokers, lenders, and agents who invest themselves  The velocity of time and why focusing on “return on time” beats ROI when investing Creative financing and loan programs that can save you serious cash at closing Partnering up to not only buy real estate but build businesses faster How to get three times more work done in the same amount of time And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter BiggerPockets Short-Term Rental Calculator Work with The One Brokerage on Your Next Loan Books Mentioned in the Show SOLD by David Greene SKILL by David Greene BRRRR by David Greene Long-Distance Real Estate Investing by David Greene Never Split the Difference by Chris Voss Connect with Christian: Christian's Email Christian's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-641 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Knowing how to buy your first rental property can be the difference between you building a life of financial freedom or merely treading water working for active income. The life of a real estate investor isn’t glamorous, but it leads to generational wealth, time freedom, and the ability to do what you want, when you want, with who you want. The first step to becoming a real estate investor is buying your first real estate deal. This first step is where ninety-nine percent of people stop, but it’s where you will start. Dave Meyer, VP of Data and Analytics and host of On The Market, has built a financial freedom-permitting property portfolio over the last decade. He doesn’t have thousands of units, but even with his medium-sized portfolio, he’s been able to travel the world, live abroad, and continuously build wealth. He’s here to teach you exactly how to do the same by buying your first, second, or third real estate deal in the next 365 days! If you’re able to do so, you will see your life start to change before your eyes. Money will be easier to find, deals will come your way, and passive income streams will be dug in your direction. If you’re able to buy your first (or next) deal like Dave describes, put systems in place for future purchases, and slowly build a team around you, your dream rental property portfolio won’t be too far away. In This Episode We Cover: The 3 “Ds” of real estate investing and how to get over their obstacles Why every smart investor continues to buy even in murky housing markets like today Building the “LAPS” funnel that will send real estate deals your way How to analyze a rental property for free using the BiggerPockets rental property calculator The different types of ways you can buy real estate with no money down  Why the first three real estate deals matter more than most people think And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Listen to Dave on The “On The Market” Podcast: Spotify, Apple Podcast, & BiggerPockets BiggerPockets Rental Property Calculator BiggerPockets Rent Estimator BiggerPockets Agent Finder BiggerPockets Deals for Sale Already a Pro Member? Use Code “PRORENTAL” to Get All the Upgrades Mentioned in This Video Books Mentioned in the Show Real Estate By The Numbers by Dave Meyer BRRRR by David Greene Connect with Dave: Dave's BiggerPockets Profile Dave's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-640 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

REITs have long been a passive income generator for many who don’t want to deal with the trash, toilets, and tenants that come with rental property investing. No 2 AM phone calls, no listings, no showings, and no sales. With REITs (real estate investment trusts) you simply click a button, buy a share in the company, and wait for your passive income (dividends) to flow into your account. Seems pretty sweet right? Matt Argersinger from The Motley Fool agrees. Matt isn’t your typical stock investor. He’s owned multiple rental properties and has even house hacked and put in some serious sweat equity. He knows that leverage and forced appreciation are huge wealth builders in the realm of real estate, but still chooses to invest in REITs instead of rentals. Why? Matt is focused more on creating passive income—as in TRULY passive income—no tenant surprises or maintenance calls to make. Matt wants to research, invest, and let his net worth grow, all while still receiving real estate-generated cash flow. Maybe you’re skeptical. How can passive investing be so easy? If you’re brand new to REITs, Matt does a phenomenal job at explaining what they are, how they work, which types to buy, and what you can do to get started investing today. Regardless of your knowledge of the stock market, if you like income-producing real estate, this episode is for you. In This Episode We Cover: What are REITs (real estate investment trusts) and how they work Why buy REITs instead of rentals, plus the benefits of both Cheap REITs that are becoming undervalued as the stock market crashes  Mortgage vs. equity REITs and why higher cash flow could mean higher risk The dangers of day trading and how long investors should hold onto REITs The key metrics any investor needs to research before investing in a REIT And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Henry's BiggerPockets Profile Henry's Instagram Hear David on “Motley Fool Money” Join the Real Estate Winners and Grow Your REIT Portfolio Invest in Real Estate Without Leaving Your Computer Passive Real Estate Investments vs REITs Data Center REITs Are On Fire—Should You Invest? Connect with Matt: Matt's Website   Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-639 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Rental property investing is a great way to make cash flow, or so it seemed in the pre-2022 world. Interest rates are rising, home prices have skyrocketed, and rent can’t keep pace with this market. Brian Davila saw this in his portfolio and knew he needed to do something about it. Buying “traditional” rental properties wasn’t going to cut it, especially when the monthly cash flow was a measly few hundred dollars. How many houses would it take to grant him a life of financial freedom? To most people, Brian Davila looks spoiled for choice. He’s a young guy, doing forty or so flips per year, bringing in big active and passive income checks. If you think that Brian can’t relate to the average investor, you’re wrong. Brain immigrated to the United States at just six years old, dropped out of high school in the ninth grade, and had his first child at nineteen. He was working at Las Vegas day clubs making ten dollars an hour before he decided to become a real estate agent. After cold calling hundreds of sellers a week, Brian was able to grow his clientele and eventually become a top agent. The only problem? He had no time for his family. He made the switch to start flipping and buying long-term rentals but had to pivot once again to a different strategy that would make him more cash flow even as home prices rise. Brian knows what it takes to become very successful in real estate in a short amount of time, and if Brian can do it, anyone can.  In This Episode We Cover: How to become a successful agent and why most people shouldn’t get their license  Transitioning from trading your time for money to letting your money give you back time Brian’s biggest mistake when growing a fast-paced real estate investing business  Flipping forty homes a year and how to get around permitting pain points  Short-term rentals vs. long-term rentals and which will survive in 2022 Lowering your tax bill as a real estate investor and avoiding capital gains  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Real Estate Rookie 113 BiggerPockets Podcast 616 How to Calculate Numbers on a Rental Property Rob’s Video on The New Airbnb Redesign Books Mentioned in the Show SKILL by David Greene SOLD by David Greene Flip Your Future by Ryan Pineda $100M Offers by Alex Hormozi Connect with Brian: Brian's BiggerPockets Profile Brian's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-638 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Most new investors don’t know how to find private money for real estate. They think private money is only reserved for those with a Rolodex full of rich or well-off business people, investors, or relatives. Using this line of thinking, most real estate investors will simply buy a deal, save up for years, and do it again. If you want to get on the fast track to a respectable real estate portfolio—private money is the way to go. But you don’t have to take our word for it. Amy Mahjoory, private money expert, is back on part two of her financing and funding masterclass. Amy has grown her real estate portfolio quickly, thanks to private money. On just her second deal she was able to pay for a significant portion of the property using her private lender. Now, she urges investors, no matter their experience level, to do the same. This time, Amy walks through five strategies that any investor can use to connect with private money lenders today. These strategies are simple—so simple that almost anyone can use them and find success quickly. They don’t require lots of money, time, or experience, but you need to be aware of them next time you’re in a perfect situation to make your pitch. Try these five strategies today, and you may see your inbox flooded with private money offers!  In This Episode We Cover Why raising private money is easy when you’ve built the right systems and strategies Referrals and why word-of-mouth is one of the most powerful marketing tactics Connecting with non-real estate-related professionals to raise money How one small “investment” in attending an event can open you up to dozens of lenders at once Building an online presence so you’re known, liked, and trusted by a large community  Hosting and attending meetups, no matter the industry or your experience, to find private money And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Listen to Amy’s Part 1 Episode Brandon Turner’s 4-Step “Viral” Formula That’ll Bring You Deals TODAY Book Mentioned in the Show: Raising Private Capital by Matt Faircloth Connect with Amy: Amy's Website Amy's LinkedIn Amy's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-637 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Raising capital for real estate is at some point what every investor must do. When you’re buying your first rental property, you can easily use your cash savings or a conventional loan to close on the property. But, on your second, third, fourth, or one-hundredth deal, finding the money (or financing) to get the deal done may start to get a little difficult. So how do you come up with the money to buy more rental properties, house flips, or commercial real estate, WITHOUT asking your parents, grandma, or friends for cash? Amy Mahjoory has raised $20M from private money lenders, none of which are related to her (she makes sure of that). Think of Amy as a capital connector, getting to know as many existing, or potential, private money lenders as possible. We know what you’re thinking, “private money lending sounds complicated, don’t only big investors do that?” Think of a private money lender as anyone who has money, isn’t doing much with it, and wants to make more of it. These lenders could be your taxi driver, your dentist, or maybe a friend of a friend. Private money is all around you, and if financing or cash reserves is what’s stopping you from doing more deals, we urge you to take the four steps that Amy outlines today. There’s a good chance you already know a private money lender! In This Episode We Cover: What is private money lending and why it’s so different from traditional financing Building a reputation that’ll turn a stranger into a trusted lender quickly The “four-second power pitch” that’ll land you lenders immediately How to make your lending process legit and the documentation needed to do so Addressing investor fear and how to make lenders feel confident in you The key to open, honest, and powerful communication when talking to any potential lender And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area “On The Market” YouTube Channel David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Access Brandon Turner’s Free Masterclass How to Find Private Money Lenders and Finance Your Deals 10 Ways to Build a Reputation as Your Market’s Premier Real Estate Investor Hard Money vs. Private Money Books Mentioned in the Show Raising Private Capital by Matt Faircloth Rich Dad Poor Dad by Robert Kiyosaki Connect with Amy: Amy's Website Amy's LinkedIn Amy's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-636 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Building a rental property empire isn’t easy. Whether you dream of owning five, ten, or two hundred rental units, there is a way to get there—you just need to know what it is. It took Sam Primm seven years to figure out the smartest way to invest in real estate, and now he’s here to share it with you! Sam, like many people, didn’t hate his nine-to-five job but knew that being on some else's schedule wasn’t bearable for the rest of his life. Sam partnered up flipping a few houses here, buying a few rental units there, and wholesaling for some extra cash. Three years into his real estate side business, Sam took the leap and went full-time into investing. Since then, he’s been able to buy over $20M in real estate, totaling his portfolio to a whopping $40M. This may seem unachievable to the average real estate investor, but Sam makes it clear that he isn’t special and is just a regular guy buying rentals. Through his real estate tenure, he’s been able to define exactly what the average investor needs to do to scale their real estate portfolio. His “SCALE” system isn’t complex, but it will help you double, triple, or quadruple the amount of real estate you own in a very short amount of time. Itching to go full-time into investing like Sam did? Tune into this episode, he’ll show you exactly how he did it. In This Episode We Cover: What to know BEFORE you quit your job to go full-time into real estate investing The “SCALE” system that allows you to grow your real estate portfolio faster  The best way to meet private money lenders, investing experts, and future partners Getting your spouse on board the real estate investing train Why fear is the most important feeling for new real estate investors Using social media to grow your network so you can scale faster And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area “On The Market” YouTube Channel Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Henry's Instagram Henry's BiggerPockets Profile Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki Traction by Gino Wickman Connect with Sam: Sam's Instagram Sam's YouTube Sam's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-635 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Investing in apartment buildings may seem like a big jump to everyday real estate investors. Mom and pop landlords—used to buying single-family houses or duplexes—may see apartment buildings as far outside their reach. And this, for the most part, has been true over the past two years. With high competition, equally high prices, and syndication deals popping off every other second, regular investors haven’t been able to invest in large multifamily real estate—until now. Andrew Cushman and Matt Faircloth started as solo-investors like most of us. But, over the past decade, they’ve both grown large multifamily portfolios, and know exactly how hard it's been over the past two years. They’re finally starting to see some cracks in the institutional armor of multifamily, allowing small-time investors to get deals while everyone else is fleeing from high interest rates and an oncoming economic downturn. If you’ve been waiting to level up your investment portfolio, make big equity gains, and bring in massive passive income, then this is the episode for you. And, if you feel like you’re too new to invest, the BiggerPockets Multifamily Bootcamp, hosted by Matt Faircloth, will give you everything you need to go from onlooker to investor! In This Episode We Cover: Multifamily “tailwinds” that are making apartment investing easier in 2022 and 2023 The hidden opportunity of multifamily that most investors don’t pay attention to How creativity became crucial in the real estate industry and using it to score better deals Which multifamily properties are safe from an economic downturn and inflation  The seven ways that you can mitigate multifamily risk when investing How to start building your multifamily strategy today so deals flow to you as competition thins And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts David's BiggerPockets Profile David's Instagram Sign Up For the BiggerPockets Multifamily Bootcamp BiggerPockets Podcast 88 BiggerPockets Podcast 203 BiggerPockets Podcast 289 BiggerPockets Podcast 170 BiggerPockets Podcast 279 BiggerPockets Podcast 586 Vantage Point Acquisitions DeRosa Group Invest with David Greene Book Mentioned in the Show Raising Private Capital by Matt Faircloth Connect with Matt and Andrew: Andrew's BiggerPockets Profile Matt's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-634 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Cash flow is necessary when investing in rental properties. Cash flow grants you, the real estate investor, enough leeway to pay for your mortgage and taxes, and save up a healthy safety reserve for future renovations. For new real estate investors, cash flow is probably the single most important metric they look at, but it’s not always a great predictor of a good investment. If you want to truly build wealth, generate passive income, and retire early (or rich), start looking at the metrics David Greene is talking about. Welcome back to another episode of Seeing Greene. Our cash flow creator, expert agent, and investor with decades of experience, David Greene, is back to answer your most asked questions. In this episode, we’re touching on topics like when to focus less on work and focus more on real estate investing, why low cash flow isn’t always a bad thing, what happens when an appraisal misses the mark, creatively financing home renovations, and how much every investor should have in safety reserves.  Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!  In This Episode We Cover: Why buying real estate in sprints is normal and when to lay off investing The many metrics outside of cash flow that point to a great rental property What to do when an appraisal comes back low and how to challenge an appraisal  The different ways to finance a home renovation and which will pave the way for more passive income How much to keep in safety reserves if you’re buying your first rental property  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 David’s YouTube Channel Ask David Your Real Estate Investing Question Listen to All Your Favorite BiggerPockets Podcasts in One Place Find an Investor-Friendly Agent Near You David’s BiggerPockets Profile David's Instagram Apply for Your Dream Job at BiggerPockets Leave a Review on Apple Podcasts Should You Invest for Equity or Cash Flow? How to Fund Rehabs and Renovations Book Mentioned in the Show  SKILL by David Greene Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-633 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Multifamily investing is a bit different than other types of residential real estate investing. When the economy begins to shift, and a recession is looming, multifamily real estate tends to drop in price. But, at the same time, more renters need a place to stay, or more importantly, an affordable place to stay, making multifamily apartments their go-to option. If apartment investing has ever interested you before, Jake Stenziano and Gino Barbaro make a strong argument why now may be the perfect time to get into the industry. If you’re feeling deja vu, don’t worry, Jake and Gino have been on the BiggerPockets Podcast multiple times before. Each time they come on they bring new lessons, new deals, and a lot more units under their belt. Only a decade or so ago, Jake and Gino were busting their humps working at jobs and businesses that didn’t fulfill them. It took them a year and a half to buy their first deal, and now, they’re sitting on $175M worth of multifamily. That’s quite a lot of deals in just a decade. Jake and Gino drop some gems in this episode, specifically on why 2022 may be a smart time to start investing, how to develop your “buy right” criteria, and preparing your exit strategies so you can build wealth, not just get rich once. They’ve learned a lot of multifamily investing lessons the hard way, so next time you’re presented with a killer deal, you don’t have to double down on their mistakes. In This Episode We Cover: Why you DON’T need to raise outside money to tackle big multifamily deals How to hire the right people and get employees invested in your properties (literally) The “buy right” framework and three pillars of real estate that every investor must understand Why exit strategies are the most crucial part of investing and how to define yours Managing properties the right way and how good property management can make or break a deal The “conveyor belt” acquisition system that will fly deals your way (even when you’re not working) And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts David's BiggerPockets Profile Dave's BiggerPockets Profile David's Instagram Dave's Instagram Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Rob's BiggerPockets Profile BiggerPockets Podcast 182 BiggerPockets Podcast 266 Pizza Owner to 1,500 Units Millionaire Couples Books Mentioned in the Show Small Giants by Bo Burlingham Scaling Up by Verne Harnish The 7 Habits of Highly Effective People by Stephen Covey Connect with Jake and Gino: Jake’s BiggerPockets Profile Jake’s LinkedIn Gino’s Linkedin Jake and Gino’s Facebook Page Jake and Gino’s LinkedIn Jake and Gino’s Website Jake and Gino’s Podcast Jake and Gino’s Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-632 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone wonders how the rich avoid taxes. To most Americans, it seems like there is some big loophole that only the mega-wealthy know about, leaving average workers strapped with a large tax bill. Are the ultra-wealthy cheating the tax code, or are they onto something that everyday Americans simply don’t know about? Tom Wheelwright, author of Tax-Free Wealth and Rich Dad’s (Robert Kiyosaki) CPA is here to tell you how to take advantage of these big tax deductions that mystify small-time investors. If you’re already investing in real estate, you’ll know that the tax deductions can be plentiful. You get mortgage interest, depreciation, maintenance, and insurance write-offs. But, even bigger than those, are bonus depreciation and cost segregation, which aren’t complicated tax strategies and can help almost any investor reduce their tax bill significantly. So what can an average investor like you do to get started saving on taxes? Tom walks through the 2022 tax deductions that are decreasing this year, which to take advantage of immediately, how to find the right CPA for you, and which write-offs you may be missing. These tips could reduce your taxes by a significant amount, freeing up much more of your capital for future real estate deals! In This Episode We Cover: The disappearing tax deductions that every investor should take advantage of How the wealthy avoid taxes by buying real estate and getting into debt Renting vs. buying and which makes more sense in 2022 as affordability plummets Using cost segregation and bonus depreciation to wipe out your tax bill How to work with the government, instead of against it, to build wealth faster  The best 2022 real estate tax strategies that small or large real estate investors can implement And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Subscribe to The “On The Market” YouTube Channel Hear Our Past Interview with Tom on 5 Steps to Eliminate Income Tax Listen to The Rent vs. Buy Debate on This Week’s Episode of On The Market Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts David's BiggerPockets Profile Dave's BiggerPockets Profile David's Instagram Dave's Instagram Books Mentioned in the Show Tax-Free Wealth by Tom Wheelright The Win Win Wealth Strategy by Tom Wheelright Connect with Tom: Tom's Website Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-631 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Look up “how to retire early” online and you’ll see some common prescriptions. You’ll hear investors talk about rental properties and index funds more than other options. This is for good reason since even as real estate investors there are ways we can go beyond the scope of buying rentals to amplify our wealth and set ourselves up for early retirement. This is also the exact question that one of our guests asks on this episode of Seeing Greene. If you’ve ever wondered what you should do with your rental property profits after you’ve paid all your bills, whether or not to flip homes in 2022’s housing market, or simply how to get less nervous on the phone, then you’re in the right place. David Greene, host of The BiggerPockets Real Estate Podcast, runs through a series of different Q&A style submissions from new investors, experienced investors, real estate agents, and everyone in between. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: How to estimate rents on a potential income property and which room count brings in the most money How to find an investor-friendly agent who will give you the local contacts you need Whether to sell a rental property or keep it and cash-on-cash return vs return on equity Live in flips and why flipping houses has gotten so much harder in 2022 Turnkey rental companies and whether or not to use one when investing from abroad How to retire earlier by “amplifying” your rental property’s cash flow And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 David’s YouTube Channel Ask David Your Real Estate Investing Question Listen to All Your Favorite BiggerPockets Podcasts in One Place Estimate Rent Easily with The BiggerPockets Rent Estimator Find an Investor-Friendly Agent Near You How to Retire Early (From Someone Who Did at Age 27) David’s BiggerPockets Profile David's Instagram Book Mentioned in the Show  SKILL by David Greene Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-630 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

To real estate investors and real estate investing enthusiasts, Brandon Turner is a household name. Not only has he written one of the most successful real estate investing books ever published (The Book on Rental Property Investing), but he also pioneered the real estate podcasting, social media, and blogging space. Funny to think that only a decade or so ago, this massively successful capital raiser, business founder, and CEO was painting rental properties, just trying to quit his soul-sucking job. So how did Brandon do this so quickly, and what’s going on in the brain (and under the beard) of one of the most successful real estate investors on the planet? Surprisingly, Brandon doesn’t have some secret formula, world-changing analogy, or crystal ball. He simply did what he said he would do—look for deals consistently, make offers whenever he could, and close so he could move on to the next. If this sounds familiar to your situation, but you’re struggling to find success, you may find that his system is a little bit different from yours. Brandon gives valuable insight into the “machine-building” he’s doing over at Open Door Capital, how he’s successfully growing his personal brand, and why real estate investing success should never be a surprise. If you’re a new listener to the show, it won’t be long before you realize why Brandon Turner was (and still is) one of the most beloved voices for building wealth.  In This Episode We Cover: The four levels of entrepreneurialism and how to become the “architect” of your own life Building a personal brand and finding confidence when creating content The skills you need to grow a business and become the CEO The five-point “viral formula” Brandon has used to raise millions of dollars What it takes to be successful and how to create a machine that will find real estate deals for you And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Subscribe to The “On The Market” YouTube Channel Hear Our Interview with Jason Drees on Exceeding Your Goals Should You Quit Your 9-5 Job to Become a Full-Time Real Estate Investor? 10 Challenges to Seriously Consider BEFORE Quitting Your Day Job David’s BiggerPockets Profile David's Instagram David’s YouTube Channel Ask David Your Real Estate Investing Question Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Rob's BiggerPockets Profile Grab Brandon's FREE Masterclass Purchase Brandon Turner’s Best Selling Books Stay Up-to-Date On Your Favorite Real Estate Podcast BiggerPockets Podcast 543 with Gino Wickman BiggerPockets Podcast 584 with Jonathan Greene BiggerPockets Podcast 264 with Gary Vee David's Newsletter Brandon's Newsletter Invest with Open Door Capital Books Mentioned in the Show Traction by Gino Wickman Rich Dad Poor Dad by Robert Kiyosaki The Crisis Comfort by Michael Easter Long-Distance Real Estate Investing by David Greene Connect with Brandon Brandon's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-629 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Before you quit your job, you’ll need to do a few crucial things. If you haven’t done these yet, but are strongly considering leaving your job soon, Henry Washington and Rob Abasolo may advise you to wait it out a bit longer. Quitting your job is a big decision, especially if your family relies on the income that you’re bringing in. The good news is, that if you’re prepared, you can walk away making much more than you did at your W2. But, if you aren't, you could simply be taking a breather in between jobs, instead of building a life you love and ruling your schedule. Henry and Rob both have eerily similar quitting stories. They both quit during the same month of the same year, making the same salary all while building a real estate investment portfolio in the background. While Henry is more of a multifamily investing man, Rob has taken the short-term rental route to build his wealth. Both men have left the cushy healthcare-provided and retirement-matching lifestyles to build something much bigger not only for themselves but their families and employees. If you’ve wondered “when should I quit my job” or “is now the right time to go full-time into real estate investing?” then this episode is a prerequisite for you. Henry and Rob go over the four things you need to know BEFORE you quit, things to be aware of as a full-time entrepreneur, how to handle taxes and healthcare, and some actionable tips for when you’re finally ready to take the plunge into full-time investing. In This Episode We Cover: Why quitting a high-paying job is probably worth it in the long-run Spousal approval when quitting and why it’s mandatory before you start doing your own thing How much should you have in safety reserves when you quit The “work-life balance” myth and what a day in the life of an entrepreneur really looks like Changing how you invest after you say goodbye to consistent income Mapping out potential scenarios so you know what to expect on the other side of employment And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Subscribe to The “On The Market” YouTube Channel Hear Our Interview with Jason Drees on Exceeding Your Goals Should You Quit Your 9-5 Job to Become a Full-Time Real Estate Investor? 10 Challenges to Seriously Consider BEFORE Quitting Your Day Job Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Rob's BiggerPockets Profile Henry's Instagram Henry's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-628 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone has housing market crash predictions. Some media outlets will tell you the sky is falling, real estate is on the edge of a cliff, and the whole world is turning upside down. Meanwhile, investors who made it out alive during the great recession see an oncoming housing correction as an opportunity, not a warning sign. Ever since we saw wild home appreciation in late 2020 and beyond, everyday investors have been asking: when is our time up? David Greene, real estate investing expert (also agent, author, and podcast host), knows that people will get hurt if an economic crash does happen. But, he also knows that investors who have kept their expenses lean, saved when they could, and taken care of their assets, will probably ride the tide just fine. In this episode of Seeing Greene, David will answer one of the most asked questions: where do we go from here? He’ll also touch on whether or not to give up earnest money in a bad deal, when to replace big systems like an HVAC that is on its last legs, how to calculate ARV, and why adjustable-rate mortgages could spell disaster in 2022. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: What will happen to real estate if the US economy enters a recession Whether or not short-term rentals and vacation rentals are at risk  How to calculate ARV (after repair value) and get estimates without breaking the bank The best exit strategies to have when investing in real estate How much in emergency reserves should you have when buying a rental Adjustable-rate mortgages vs. fixed-rate mortgages and which wins in 2022 And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 David’s YouTube Channel Ask David Your Real Estate Investing Question Listen to All Your Favorite BiggerPockets Podcasts in One Place Subscribe to The “On The Market” YouTube Channel Is The Housing Market About to Collapse? What Investors Need to Know Key Takeaways From the ’08 Recession That Apply Today The Ultimate Guide to Quickly Estimating a Property’s ARV (After Repair Value) David’s BiggerPockets Profile David's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-626 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Turnkey rental properties have become a fan favorite for rookie real estate investors and investors who don't have enough time to manage their rehabs and rental properties. Turnkey real estate is marketed as a way for real estate investors to buy a rehabbed property, often with tenants and management in place, leaving them with just rent checks to collect. One company, Rent To Retirement, has become one of the most popular places to find turnkey investment properties—and for a good reason. Behind the helm is Zach Lemaster, former optometrist, and current real estate investor. After going through eight years of school, Zach was left with six figures in student loan debt and a job that required him to be on-site for the majority of his waking hours. Like most new real estate investors, Zach had hit a breaking point and realized he needed something else that could provide him income, without the time commitment. After shelling out a large sum on a wholesaling course, Zach began using his assignment fee profits and salary from his job to buy rental properties. Every year he would buy more and more rentals, allowing him to finally scale into what he calls “turnkey commercial” (triple net) properties that give him sizable rent checks without any of the management headaches. Zach has a real estate investing path worth repeating, and he explains how he did all of it in this episode. In This Episode We Cover: How to use wholesaling to make extra cash to invest in real estate The dos and don’ts of long-distance real estate investing (don’t make Zach’s mistake) When to reinvest rental property profits so you can retire even sooner The biggest challenges you’ll face when building a real estate portfolio  Turnkey rentals and why they’re a great option for busy investors The importance of a great property manager and how a bad one can ruin your deals And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 David’s YouTube Channel Ask David Your Real Estate Investing Question Listen to All Your Favorite BiggerPockets Podcasts in One Place Subscribe to The “On The Market” YouTube Channel David’s BiggerPockets Profile David's Instagram Dave's BiggerPockets Profile Dave's Instagram Mastering Turnkey Real Estate—How to Build a Passive Portfolio 6 Pros & Cons of Investing in Turnkey Properties The Perfect Blueprint for Scaling Quickly in Real Estate Subscribe to The Rent to Retirement YouTube Channel Rent to Retirement Books Mentioned in the Show The Millionaire Real Estate Agent by Gary Keller The E-Myth by Michael Gerber Connect with Zach: Zach's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-626 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Every investor wants to know how to avoid taxes. Many rental property investors get into real estate for this reason alone. And it makes sense—rental property write-offs are not only common in the world of real estate investing but can be very lucrative in almost eliminating your yearly tax burden. So what happens when you feel like you’ve maxed out your real estate tax benefits? Is there a way to pump out even more tax advantages from the same property? We’re back again with another Live Takes episode, where our hosts, David Greene and Henry Washington, do their best to answer the BiggerPockets community’s investing inquiries. Joining us are four investors each at different stages of their journeys. These investors ask about how to reduce self-employment tax, finding a mentor when you’re brand new to the investing game, what happens when partners disagree on where and what to invest in, and how to maximize depreciation on a cash-flowing property. Do you have a question you’d love to ask David? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot! In This Episode We Cover: How real estate professional status can greatly reduce your tax burden (if you qualify) Why smart investors look at their income before buying their next property  The most valuable thing a new investor can bring to a mentor How to know when to pivot investing strategies and the bright side of “shiny object syndrome” What to do when you and an investing partner can’t reach a compromise  Building and buying depreciation so you can keep more of your cash flow And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 David’s YouTube Channel Ask David Your Real Estate Investing Question Listen to All Your Favorite BiggerPockets Podcasts in One Place Subscribe to The “On The Market” YouTube Channel David’s BiggerPockets Profile David's Instagram Dave's BiggerPockets Profile Dave's Instagram Understanding Rental Property Depreciation 9 Simple Steps to Finding the Best Real Estate Mentor for You Henry's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-625 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

You need a 20% down payment to buy a house, right? Most people assume that the standard down payment amount, 20% down, is the acceptable average when buying a rental property or a primary residence. But this isn’t always true, even for real estate investors. Many investors will spend years saving up just a single down payment amount, only to later realize that they could have bought multiple rental properties faster if they would have done less down. So before you put a big chunk of change into your next rental, listen up. David Greene is back with another episode of Seeing Greene where he takes a multitude of questions from new and small real estate investors. There is an answer for everyone in this episode with topics covering down payment amounts, investing in US real estate while living abroad, new real estate agent tips, how to finance ADUs (accessory dwelling units), and retiring yourself (or your parents) with real estate investing! Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: What type of rental property should you buy as your first real estate deal How to dominate your market as a brand new agent and meet buyers and sellers As a foreign investor, how can you get around the 35% down payment requirement  How to finance an ADU to increase cash flow on your rental property Should you invest with your family if you haven’t done a deal yet? Buying rental properties without having to save up a 20% down payment  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast David’s YouTube Channel Ask David Your Real Estate Investing Question Listen to All Your Favorite BiggerPockets Podcasts in One Place Get Your Tickets to BPCon2022 BiggerPockets Money Podcast Work with David’s Team on Your Next Mortgage David’s Instagram David’s BiggerPockets Profile Listen to Our Interview with Dan Brault Books Mentioned in the Show SOLD by David Greene SKILL by David Greene Finding and Funding Great Deals by Anson Young Long-Distance Real Estate Investing by David Greene Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-624 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Multifamily real estate investors almost always raise money for their deals, right? Some would call it almost impossible to try and build a huge real estate portfolio without borrowing money or partnering up to take down bigger properties. Sofia Castro, along with her husband, not only built a multifamily portfolio using their own money, but did so starting with a severe disadvantage. Both Sofia and her husband were high school dropouts, living without much money, and practically no experience. A local entrepreneur took Sofia and her husband under his wing, teaching them both how to become leasing brokers. From there, they started building their entrepreneurial endeavor, eventually selling their business a couple of decades later for a whopping billion dollars. With cash in hand and real estate experience under their belt, they began buying apartment complexes to flip them as condos. Once the recession hit, Sofia knew this was the wrong business to be in, so she pivoted heavily towards multifamily rental investing, specifically investing in “core deals”. Now, she has a streamlined process for finding deals, buying deals, and screening tenants. She gives some out-of-the-box, but highly useful tips on tenant screening, property management, and why “value-add” real estate isn’t all it’s chopped up to be. In This Episode We Cover: “Core deals” explained and why they often beat value-add properties What are cap rates and why understanding them is crucial when buying multifamily Condo conversions and the risk of flipping during downtimes in the economy Tenant screening tips that will get you the best tenants who pay on time, every month The right way to do property management and why you shouldn’t immediately outsource How to buy in the right real estate markets, plus the metrics Sofia looks for when investing And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast David’s YouTube Channel Ask David Your Real Estate Investing Question Listen to All Your Favorite BiggerPockets Podcasts in One Place Subscribe to The “On The Market” YouTube Channel David’s BiggerPockets Profile David's Instagram Dave's BiggerPockets Profile Dave's Instagram Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Rob's BiggerPockets Profile Steer Clear of Social Media Scams Should You Self-Manage Your Properties or Hire a Pro? The Beginner’s Guide to Buying Your First Multifamily Property Should You Raise Private Capital for Your Next Investment Project? Books Mentioned in the Show ABCs to Real Estate Investing by Ken McElroy Think and Grow Rich by Napoleon Hill Connect with Sofia Sofia's Instagram: @officialsofiacastro Sofia's LinkedIn Sofia's Facebook Sofia's Website Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-623 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The secrets to negotiation are often simpler than you think. There’s no double-talk, bribing, or harshness necessary to get what you want. If you know what the other side wants (which you probably do already), you’ll most likely have enough to negotiate successfully. So why aren't most people winning negotiations? Well, when everyone is buying or selling to get the most they can, it’s often the people who create wins for their opponents that come out on top. David Greene would know this. He’s one of the top real estate agents in the country and is the host of the biggest real estate podcast around (that’s us!). His new book, SKILL: A Top-Producing Agent’s Guide to Earning Unlimited Income, is more than a handbook for real estate agents. This book also details how almost anyone investing in, buying, or selling real estate can win negotiations easily. David spends time today outlining the seven negotiation tactics he has used in the past to lock down deals for buyers, sellers, and himself. You’ll hear real-world examples of when David and co-host Rob used these tactics in their own investments plus exactly how to formulate each of these tactics so you can ultimately get what you want. In This Episode We Cover: Price anchoring and how adjusting a baseline can secure a quick win early in a negotiation Staying likable, yet stern, in a negotiation so the opponents want you to win Persuading opponents that your desired outcome is actually in their best interest  Redefining the value you bring and showcasing it in an undeniable way  Building a negotiation scarecrow that becomes the enemy (so you don’t!) Reigning in FOMO when working with buyers or sellers in a hot housing market  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast David’s YouTube Channel Ask David Your Real Estate Investing Question Listen to All Your Favorite BiggerPockets Podcasts in One Place Subscribe to The “On The Market” YouTube Channel David’s BiggerPockets Profile David's Instagram Dave's BiggerPockets Profile Dave's Instagram Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Rob's BiggerPockets Profile 3 Not-So-Obvious Secrets to Masterful Real Estate Negotiation Invest with David David’s Ted Talk on Building Skills Books Mentioned in the Show SOLD by David Greene SKILL by David Greene BRRRR by David Greene Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-622 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Paying off your mortgage early—to some people, this sounds like a dream scenario. But to others, it could be a cash-tastrophe. We can already hear real estate investors yelling out “always use leverage”, “what about the low interest rates!?”, and “you can scale so much quicker!” Like many real estate investors, David Greene knows the power of leverage and loans to buy rental properties faster. But, it’s safe to say that for some people, paying off a property or buying a home in cash may be a much smarter move. Welcome back to another episode of Seeing Greene where David answers questions directly from BiggerPockets listeners and viewers on YouTube. This time around, we have some seriously useful questions being answered for the new investor. These questions range from when to take out a loan and when to pay off a property, how to get started in real estate in your early twenties, how to build more cash flow as your expenses increase, how to get a HELOC on your rental property, and how to raise money for a down payment. All these questions (and more) are coming up! Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Weighing the pros and cons of leverage when investing in real estate How to start investing in real estate without a ton of money or experience  Why it’s so difficult to get HELOCs (home equity lines of credit) on rental properties Real estate bookkeeping and how to keep all your accounts up to date How to finance your down payments so you can buy rental properties faster Getting preapproved for a mortgage even if you have a 1099 income  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast David’s YouTube Channel Ask David Your Real Estate Investing Question Listen to All Your Favorite BiggerPockets Podcasts in One Place Get Your Tickets to BPCon2022 BiggerPockets Money Podcast Work with David’s Team on Your Next Mortgage David’s Instagram David’s BiggerPockets Profile Books Mentioned in the Show SOLD by David Greene SKILL by David Greene The House Hacking Strategy by Craig Curelop Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-621 Learn more about your ad choices. Visit megaphone.fm/adchoices

Ed Mylett knows the housing market. He’s participated in real estate investing for decades and has become wildly successful thanks to his tenacity, relationship-building skills, and creativity when getting deals done. But, funnily enough, Ed Mylett isn’t most well known for his real estate investor prowess—he’s known for his mindset-shifting, world-changing ideas when it comes to personal development, discipline, and entrepreneurship. In Ed’s newest book, The Power of One More, he talks about the small tweak that anyone can make to become many multiples more successful. In essence, every extra push-up, cold call, and hug to your spouse or child is the exact thing that puts you above the rest. It’s not about putting in the effort, it’s about putting in more effort than the average person would. This not only applies heavily to real estate investing but to any goal we set. David and Rob get the opportunity to talk to Ed about his book as well as his sentiment towards today’s housing market and what deals he’s doing in the background. You may be surprised to hear it, but Ed is incredibly bullish on real estate investing for a few good reasons. He gives a simple yet incredibly practical explanation for why this year is surprisingly the best time to get into real estate investing in a long time. In This Episode We Cover: How the power of “one more” can change everything about your life  Why committing to your standards is arguably more important than goal setting  How collective psychology is driving the market to new places (and how to escape its grasp!) Why investors must start “evaluating their income streams” instead of just their properties The “most crazy deal” Ed has ever done and why it’ll be a first of its kind Building the confidence you need to accomplish your dreams and create a life you love And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast David’s YouTube Channel Ask David Your Real Estate Investing Question Listen to All Your Favorite BiggerPockets Podcasts in One Place Subscribe to The “On The Market” YouTube Channel Check Out the “On The Market” Interview with J Scott 6 Things You’ll Need When Getting Into DIY Landlording Start Landlording Smarter with Avail David’s BiggerPockets Profile David's Instagram Dave's BiggerPockets Profile Dave's Instagram Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Rob's BiggerPockets Profile BiggerPockets Podcast 433 BiggerPockets Podcast 600 The World’s Least-Followed Investment Advice (& How it Can Make You a Millionaire) 6 Empowering Strategies to Conquer a Paralyzing Fear of Failure Books Mentioned in the Show The Power of One More by Ed Mylett Nothing Down by Robert Allen Connect with Ed: Ed's YouTube Ed's Instagram Ed's Podcast Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-620 Learn more about your ad choices. Visit megaphone.fm/adchoices

What do DIY landlording and inflation have to do with each other? Surprisingly, much more than you would think. As the year progresses and the housing market stays hot, more real estate investors are having trouble finding cash-flowing deals. At the same time, the tenants in those properties are seeing the price of their gas, groceries, and rent shoot up. Are tenants going to be left with enough money to pay rent every month? And if not, what will everyday landlords do to keep their properties? These questions are best left to someone who not only has experience owning and managing rental properties but helping others do the same. Laurence Jankelow, co-founder of Avail, one of the leading property management software picks, is here to talk about the future of the DIY landlord, especially in 2022. Laurence has seen the trends on who’s increasing rent, who’s not, and how many cash-flowing deals are on the table.  Laurence, David, and Dave all take time to debate what the next year will look like for landlords and renters alike. If there is a recession around the corner, how can investors keep themselves in a strong position? What is the first expense new landlords should cut if their cash flow starts to dwindle? And what real estate trends are we seeing in today’s market that you can get ahead of? All these questions (and more) are answered in this month’s BiggerNews episode!  In This Episode We Cover: Are we heading towards a recession, and if so, how do we prepare? How software like Avail has made “DIY Landlording” the standard for new investors  The biggest challenges investors will face in 2022 and how to combat them How would a recession affect the housing market (even as demand is high) The best money-saving tips for DIY landlords and real estate investors  Inflation’s effect on asset prices and pivoting in your investing strategy  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast David’s YouTube Channel Ask David Your Real Estate Investing Question Listen to All Your Favorite BiggerPockets Podcasts in One Place Subscribe to The “On The Market” YouTube Channel Check Out the “On The Market” Interview with J Scott 6 Things You’ll Need When Getting Into DIY Landlording Start Landlording Smarter with Avail David’s BiggerPockets Profile David's Instagram Dave's BiggerPockets Profile Dave's Instagram Book Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki Connect with Laurence: Laurence's Email Laurence's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-619 Learn more about your ad choices. Visit megaphone.fm/adchoices

Property management is a crucial part of your real estate investing business. They make repairs, take tenant calls, and most importantly, collect rent. But what happens when your property manager stops contacting you, forgets to send signed leases, and doesn’t send you your rent checks? When is it time to start worrying and how do you go about asking a property manager for your money back? Welcome back to Seeing Greene, where your expert investor, agent, lender, and podcast host, David Greene, answers some of the most commonly asked real estate investing questions. In this episode, we take both video and written submissions and throw them at Dave to get his time-tested take. You’ll hear questions like, whether to pursue a business or buy rental properties, when to sell an investment property to reinvest profits, how to look for joint venture partners, and what to do when you’re concerned about your property manager’s performance.  Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!  In This Episode We Cover: When to start a business or buy a rental property (and how to do both) Why ROE (return on equity) beats ROI (return on investment) in 2022 What to ask a potential partner to see if they’re a good fit for a joint venture deal How to score lower interest rates on mortgages as a self-employed investor  When and which rental property repairs to prioritize after a home inspection  What to do when you suspect a property manager may be skimming off the top And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast David’s YouTube Channel Ask David Your Real Estate Investing Question Listen to All Your Favorite BiggerPockets Podcasts in One Place Get Your Tickets to BPCon2022 Stay Tuned for Our Upcoming Episode with Ed Mylett Attend a David Greene Meetup 5 Red Flags to Watch For When Hiring a Property Manager David’s Instagram David’s BiggerPockets Profile Book Mentioned in the Show Long-Distance Real Estate Investing by David Greene Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-618 Learn more about your ad choices. Visit megaphone.fm/adchoices

Single-family rentals are where most real estate investors start. In one way or another, a new investor realizes that there is more to life than just their job. They save up, get educated, and buy their first rental property. Those who do well repeat the process, slowly growing their portfolio to double-digit numbers. But, at a certain point, they realize they can’t go any further with the system they’ve set up for themselves. What should they do? Rich Fettke, co-founder of Real Wealth, and author of The Wise Investor, fell into real estate accidentally. Over the years he’s had to fine-tune his system, scale his team, and learn how to become not only a successful investor but a successful leader. Now, he runs one of the premier real estate investing websites on the internet, manages three syndications per year, and still individually invests in rental properties. Thanks to his track record of more than two decades, he knows what does and doesn’t work when trying to scale your real estate portfolio. Most importantly, Rich knows who to hire onto your team so you can continue to build wealth, without having to do all the work yourself. In This Episode We Cover: Where new investors should look to purchase their first investment property  How to scale from single-family rental properties to syndication deals Why most investors “trap” themselves without a scalable team Turning challenges into adventure and shutting down the “inner gremlin” Asking yourself, “what pisses me off?” when defining your company’s core values And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast David’s YouTube Channel Ask David Your Real Estate Investing Question Listen to All Your Favorite BiggerPockets Podcasts in One Place Real Wealth Network The Simplest Way to Successfully Scale Your Business Syndications—Everything You Need to Know BEFORE You Invest David’s Instagram David’s BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Rob's BiggerPockets Profile Books Mentioned in the Show Think Again by Adam Grant The Book on Rental Property Investing by Brandon Turner The Wise Investor by Rich Fettke BE 2.0 (Beyond Entrepreneurship 2.0) by Jim Collins Connect with Rich: Follow Rich on Instagram  Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-617 Learn more about your ad choices. Visit megaphone.fm/adchoices

If you’ve heard of digital real estate, there’s a good chance you’ve watched one of Ryan Pineda’s videos. Ryan is a leading figure in the world of real estate investing not only in the Las Vegas, Nevada area but throughout the interwebs. He got started flipping homes and eventually scaled his business up to 100 flips per year! Since then he’s branched off into multiple different real estate-related business ventures, but his newest one may be the most revolutionary. During the lockdowns of 2020, Ryan began to research blockchain, cryptocurrency, and decentralized finance. He saw the way that the world was moving and realized it would only be a short amount of time until real estate transactions were regularly done on the blockchain. This dip into DeFi piqued his interest, so he began researching, investing, and putting more of his time into virtual and digital real estate research. Ryan makes a strong case as to why most real estate services will move over to a blockchain model, and those that don’t will be left in the dust. Most of what Ryan preaches isn’t just speculation—it’s happening right now in the real world. If you want to get ahead of the curve, or just finally understand what an NFT is, Ryan is the guy to listen to. In This Episode We Cover: Starting businesses that help scale and optimize your rental property portfolio How blockchain could end the title company industry and what investors need to know Raising private capital and selling properties with decentralized finance  NFTs and using them to split shares/ownership in a real estate syndication  Combining digital and physical real estate investments for maximum diversification  What a blockchain beginner can do to get their start in the virtual investing world  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast David’s YouTube Channel Ask David Your Real Estate Investing Question Listen to All Your Favorite BiggerPockets Podcasts in One Place BiggerPockets Real Estate Podcast 292 BiggerPockets Real Estate Podcast 407 What Are NFTs and Why Should Real Estate Investors Care? Watch Our Video on Investing in Virtual Real Estate Connect with David: David’s Instagram David’s BiggerPockets Profile Connect with Rob: Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Rob's BiggerPockets Profile Connect with Ryan: Ryan's Website Ryan’s “Tykes” Project Subscribe to Ryan’s YouTube Channel Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-616 Learn more about your ad choices. Visit megaphone.fm/adchoices

Rental properties come in all shapes and sizes. You may be investing in short-term rentals, long-term rentals, glamping sites, or, maybe you’re trying to help someone else buy a rental property. Regardless of where you choose to hang your hat on the real estate investing spectrum, David Greene probably has a golden nugget of advice for your next purchase, sale, or client.  In this week’s episode of Seeing Greene, David takes questions from investors, agents, wholesalers, and more to help answer some of the most common real estate inquiries. You’ll hear topics such as: whether or not a special use permit will increase property value, when to sell and when to refi a rental property, whether or not each separate short-term rental needs its own LLC, and why David stopped looking for under-market properties and started looking at something else entirely.  Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!  In This Episode We Cover When to hold a property at a great interest rate and when to sell or refi What it means to “ethically wholesale” and getting deals while helping a seller Lot splitting and the implications it could have on your taxes, insurance, and equity  How to succeed in a new market as a real estate agent and dropping “hooks” whenever you can When to put your property in an LLC and whether or not each rental requires its own Whether or not landlords are making the housing market unaffordable for average homebuyers And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast David’s YouTube Channel Ask David Your Real Estate Investing Question Listen to All Your Favorite BiggerPockets Podcasts in One Place Listen to Our “Ethical Wholesaling” Episode with Jamil Damji Books Mentioned in the Show: Buy, Rehab, Rent, Refinance, Repeat by David Greene Long-Distance Real Estate Investing by David Greene Sold by David Greene Skill by David Greene Connect with David: David’s Instagram David’s BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-615 Learn more about your ad choices. Visit megaphone.fm/adchoices

Knowing how to buy a business is a lot like knowing how to buy a rental property. First, you’ll need to know the price of the asset, then the cash flow, followed by expenses, and finally the structure. Because buying real estate is perceived as “simpler” than buying a business, most investors decide to go the real estate route—but they could be missing out. Codie Sanchez saw this opportunity when she was working in venture capital and decided to try out the business buying route herself, just on a smaller scale. Codie can be perceived as your classic “value-add” investor, which much of the real estate investing community can relate to. She finds a business that has a strong foundation but lacks the tech or marketing to grow faster or increase its profits. When a business has a strong underlying value, just like a rental property, it’s easier than most people think to “renovate” it into something that will sell for far higher. Codie stresses that buying businesses isn’t so different from buying real estate. She also categorizes which businesses real estate investors should buy if they’re looking to maximize their cash flow and minimize their expenses. With some help from Codie, you could be relying on much more than just rent checks soon!  In This Episode We Cover What a “value-add business” looks like and how to find undervalued businesses  Evaluating and analyzing a business purchase and which key metrics to calculate before making an offer Buying off-market businesses and why most business owners never consider selling (until you ask) The three questions every investor MUST ask before buying a business  Buying instead of building and how trying to build a business can cost you much more than just money Becoming the business owner, not the operator, and outsourcing everything you can  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast David’s YouTube Channel Hear Codie’s Interview on The BiggerPockets Business Podcast How to Use the DISC Profile to Communicate Effectively in Business “Contrarian Thinking” Newsletter Quiet Light BizBuySell Empire Flippers Connect with David: David’s Instagram David’s BiggerPockets Profile Connect with Rob: Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Rob's BiggerPockets Profile Connect with Codie: Codie's Twitter Codie's Instagram Codie's TikTok Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-614 Learn more about your ad choices. Visit megaphone.fm/adchoices

Buying an investment property is a lot like exercising. At first, you don’t know any of the verbiage, then you start learning the tools, and finally, after some repetition (and help from those around you), you can become a real estate (or jiu-jitsu/weight lifting/yoga) expert! Think of David Greene and Rob Abasolo as your spotters for today’s deep dive into buying a rental property. Their advice will help you lift the weight, even if you feel uneasy at times! David and Rob, unsurprisingly, started out like everyone else in the real estate investing space. They had no deals, no experience, and not a lot of money. But, over the past decade, both have become experts in their specific investing niches—through trial and a lot of error. Now, they bring you more than a decade worth of combined experience so you can stop hesitating and start taking action. If 2022 is the year for you to start building wealth and pave your path to financial freedom, then this is THE episode to listen to. David and Rob discuss the five most common rookie real estate mistakes and six bite-sized steps that will allow you, no matter your experience, to buy your first, or next, real estate deal. They’ll also give a full walkthrough on how to analyze a real estate deal, plus a special bonus that will allow you to hyper-accelerate your growth in the real estate investing world! In This Episode We Cover The two biggest hurdles that stop people from ever investing in real estate The wealth-building “pillars” that all investors must know before they start investing  Five common mistakes that almost every real estate rookie will face Why new investors should “commit” before they start educating themselves  Using your network around you to find real estate leads, financing, and contractors How to analyze a deal for free using the BiggerPockets Rental Calculator  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Invest in David and Rob’s Next Property David’s YouTube Channel Grab Your Tickets for BPCon 2022 Get a Special Discount on BiggerPockets Pro Using Code “REPOD22“ BiggerPockets Calculator Find an Investor-Friendly Agent in Your Area Hear Our Episode with Rent By the Room Expert Todd Baldwin Watch David’s Interview with CNN on Rising Interest Rates Work with David’s Team at The One Brokerage on Your Next Home Loan Connect with David: David’s Instagram David’s BiggerPockets Profile Connect with Rob: Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Rob's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-613 Learn more about your ad choices. Visit megaphone.fm/adchoices

Cash flow and appreciation are at opposite ends of the investing spectrum. One will fuel your current lifestyle while the other will slowly, silently build your long-term wealth. The cash flow vs. appreciation debate has gotten even stronger this year as home prices continue to rise and cash flow prospects dwindle in formerly stable markets. Is there a way to still get the benefits of long-term growth while also taking home a sizeable rent check? If there’s one man to ask, it’s your host, David Greene, who’s joining us for another episode of Seeing Greene. David knows a thing or two about buying for different purposes, in different market conditions, with different exit strategies. He’s not only asked about how to do this on today’s episode, he’s also asked questions like who should be on the mortgage when buying a rental with a partner, whether to sell or refi a rental, what to do when your DTI (debt-to-income) ratio is too high, dealing with difficult sellers, and how to get comfortable with being uncomfortable.  Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!  In This Episode We Cover How to split title and mortgage costs when investing with a spouse or partner  Whether to focus on one market or several markets with different benefits in each When to sell or refi a rental property (especially if interest rates are rising)  How to purchase your next primary residence AFTER you’ve quit your W2 for real estate Dealing with difficult sellers and how to “convince” them to accept your offer Why being uncomfortable when investing is a sure sign of growth  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast David’s YouTube Channel Grab Your Tickets for BPCon 2022 BiggerPockets Money Podcast Real Estate Rookie Podcast Ask David Your Real Estate Investing Question How to Use a HELOC to Buy Real Estate How to Embrace the Uncertainty of Change & Make Your First Deal Cash Flow vs. Appreciation—What Experienced Investors Know That You Don’t Work with The One Brokerage For Your Next Mortgage Book Mentioned in the Show: Long-Distance Real Estate Investing by David Greene Connect with David: David’s Instagram David’s BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-612 Learn more about your ad choices. Visit megaphone.fm/adchoices

House flipping is a very potent form of investing. After just one fix and flip, many investors find themselves hooked, leaving their stable jobs for the profit (and rush) or finishing another flip. This happened quickly to Jason Pritchard, flipper and rental property investor in central California. Jason was working at a sales job he hated and after watching one of the many famous HGTV flipping shows, thought, “Hey, I could do that!” He gave it a try, using his life savings and retirement funds available to him. It was a success, so he decided to scale up. One flip grew to a few, and now, Jason's team does over seventy-five flips and wholesale deals per year! This incredible volume didn’t happen overnight—it took Jason seven years to go from W2 worker to one of the best flippers in the state! And it’s not just flipping Jason is after. He’s been able to grow a massive rental property portfolio, some eighty-three units, at the same time! You’re probably wondering how Jason did this so fast. Worry not, as he details every step from how he finds leads, builds a team, pays the taxman, and even compensates employees. If you’re trying to get your foot into the flipping door, Jason’s story should inspire you to do almost exactly what he did.  In This Episode We Cover Using the skills from your job and translating them to make real estate riches  Building a business and the most important step most flippers/wholesalers skip Funding your flips and why paying taxes might be a good thing when it comes to financing How to find employees that will grow with your business, even if you feel like you “can’t” hire just yet Private money lenders and using them to scale your business even bigger  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Invest in David and Rob’s Next Property David’s YouTube Channel Grab Your Tickets for BPCon 2022 BiggerPockets Money Podcast Real Estate Rookie Podcast Airbnb How to Flip a House & Make a Profit How to Build a Highly Effective Real Estate Team How I Find Private Money Lenders to 100% Fund My Deals Books Mentioned in the Show: The Go-Giver by Bob BUrg Think and Grow Rich by Napoleon Hill Connect with David: David’s Instagram David’s BiggerPockets Profile Connect with Rob: Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Rob's BiggerPockets Profile Connect with Jason: Jason's Instagram Jason's Facebook Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-611 Learn more about your ad choices. Visit megaphone.fm/adchoices

Building a house vs. buying a house—which makes more sense for today’s investor? With home prices rising faster than many of us have ever seen before, more and more real estate investors are asking whether or not building their rentals is a smarter idea. And who can blame them? Building a rental property can seem like a great way to minimize acquisition costs, but this is only true in certain circumstances, which many investors just won’t fit into.  Welcome to Live Takes where Henry Washington, investor and On The Market guest host, joins David Greene for a live real estate Q&A. David and Henry invite four investors onto the show today to talk about each of their passive income predicaments. These topics include buying vs. building a home, how to get out of a bad BRRRR, whether or not it’s too late in life to invest in real estate, and how to invest out-of-country. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene or Live Takes. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!  In This Episode We Cover Buying vs. building rental properties and which decision makes sense for which investor What to do when you go over budget on a rehab, flip, or BRRRR investment How to invest and scale a real estate portfolio when getting started later in life Whether to invest long-distance or stick it out in your local market  Mitigating risk and keeping your cash flow rolling when stuck in a bad deal How to finance land purchases and using a backwards BRRRR method to do so  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Grab Your Tickets for BPCon 2022 BiggerPockets Money Podcast Real Estate Rookie Podcast 5 Ways to Avoid Going Over Your Flipping Budget Is it Better to Build New or Renovate Existing Homes as an Investor? David Greene | BiggerPockets David Greene Meetups David Greene Team Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-610 Learn more about your ad choices. Visit megaphone.fm/adchoices

Why can’t I use gift funds on my down payment? What are the common housing market crash indicators that real estate investors should look out for? And why does David only invest with the short-term rental king, Rob Abasolo? If you’re joining us today for this episode of Seeing Greene, you’ll hear answers to all these questions and more! David takes some time out of his day to sit down and answer arguably the most hard-hitting, specific questions we’ve had to date on an episode of Seeing Greene. These questions include how to find synergy between your career and your investing goals, how to not cross the line when working with multiple agents, the best ways to purchase real estate with no (or low) money down, and why David rarely partners up on real estate deals.  Some of these questions may hit home for you, as most of today’s guests are either rookie real estate investors or young professionals looking to get their start in investing.  Do you have a question you’d love to ask David? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!  In This Episode We Cover How to "explode" as a real estate investor working full-time in a related field  Working with multiple agents in a market without crossing the client-exclusivity line  Purchasing small multifamily deals with no and low money down  How to get around the “gift funds” rule for rental property mortgages  The telltale signs that lenders are seeing a housing crash on the horizon  The problem with real estate partnerships and how to prepare to be in one  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Submit Your Questions to David Greene David Greene Meetups David Greene Team Work with David as a Loan Officer Real Estate Rookie Podcast 73: Partnerships—What to Do Before You Jump in With Another Investor Get Your Ticket for BPCon 2022 Books Mentioned in the Show: The Book On Investing in Real Estate with No (and Low) Money Down by Brandon Turner SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business by David Greene The Millionaire Real Estate Agent by Gary Keller with Dave Jenks and Papasan Connect with David: David’s Instagram David’s BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-609 Learn more about your ad choices. Visit megaphone.fm/adchoices

The Profit First system was revolutionary when introduced by Mike Michalowicz. In simple terms, Profit First allowed small business owners to take home bigger paychecks, reinvest in their business, and scale with ease, oftentimes while doing even less. The age-old adage of “do more work, make more money” was turned on its head by simple accounting practices. In reality, the business owners who were doing the most work were making the least, while business owners who truly knew their numbers worked less, made more, and had more money to invest. After reading Profit First, David Richter knew that this same system could be applied to real estate investing. David grew a rental portfolio himself by learning from a local mentor. This mentor had a growing team, a scaling business, but was making less and less with every deal done. As David investigated more real estate investors’ businesses, he found that this wasn’t an isolated case. Most investors were making low wages, working far more than at the jobs they had quit, and had inflated businesses, to say the least. With some simple accounting practices, which David describes in this episode, real estate investors can turn their business into Profit First powerhouses using very simple steps. If you’ve been feeling burnout from a barrage of deals, but aren’t seeing the profit you’ve worked so hard for, you’ll want to pick up David’s new book, Profit First for Real Estate Investing! In This Episode We Cover The Profit First formula and why most real estate investors calculate profit all wrong The biggest mistake that real estate rookies make when starting their businesses  Why more deals doesn’t automatically equal more money in real estate The rockstar team member that can make or break your business The “golden trio” of accounts that every investor should have set up Redefining the “pay yourself first” method of making money  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Grab Your Tickets for BPCon 2022 Invest in David and Rob’s Next Property David’s YouTube Channel David’s Free Giveaway for BiggerPockets Listeners Our Interview with “Profit First” Author, Mike Michalowicz Books Mentioned in the Show: Profit First for Real Estate Investing by David Richter Lifeonaire by Steve Cook Rich Dad Poor Dad by Robert Kiyosaki Profit First by Mike Michalowicz The Road Less Stupid by Keith J. Cunningham The Book on Rental Property Investing by Brandon Turner The Book on Managing Rental Properties by Brandon Turner Connect with David: David’s Instagram David’s BiggerPockets Profile Connect with Rob: Rob’s Youtube Rob’s Instagram Rob’s TikTok Rob’s Twitter Rob’s BiggerPockets Profile Connect with David Richter: Simple CFO Solutions Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-608 Learn more about your ad choices. Visit megaphone.fm/adchoices

Is multifamily real estate investing as complicated as investors make it out to be? If you’re Andrew Cushman of Vantage Point Acquisitions, you’d probably argue that although multifamily has a bit more complexity than single-family rentals, it’s still, by all means, profitable for the everyday investor. In the early 2000s, Andrew didn’t know anything about pro formas, apartment underwriting, or the best type of mulch to use on large-scale landscaping. Now, more than a decade later, Andrew has been able to lead his team in acquiring, syndicating, and repositioning over 2,500 multifamily units. He’s here with David Greene to answer live questions surrounding anything and everything related to multifamily investing. He gives stellar takes on the current state of the market, how rising interest rates will affect multifamily investing over the next few years, and the best way to increase your ROI (return on investment) on a multifamily acquisition. You don’t need to be a large-scale apartment investor to take away some golden nuggets from this episode. Even if you’ve never thought of investing in multifamily, Andrew frames multifamily in a way that’ll have you wondering, “could I buy that apartment down the street?”  In This Episode We Cover The five most important factors to understand when looking at a multifamily deal  Multifamily debt and equity, plus how they dramatically differ from single family rentals How to use pro forma calculations when underwriting a deal and protecting yourself from overinflated profit numbers Whether or not today’s rising interest rates will cause a sell-off of multifamily properties The easiest improvements that will dramatically boost your ROI on a multifamily property What rookie investors get wrong about finding good deals in today’s market  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Submit Your Questions to David Greene The 3 Cs to Achieving Success as an Investor GoBundance BiggerPockets Podcast 170: The Journey From Flipping Houses To Owning 1470 Units BiggerPockets Podcast 279: How to Find Overlooked Opportunities in a Hot Market BiggerPockets Podcast 586: The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal David Greene Meetups David Greene Team Book Mentioned in the Show: Raising Private Capital by Matt Faircloth Connect with David: David’s Instagram David’s BiggerPockets Profile Connect with Andrew: Andrew’s BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-607 Learn more about your ad choices. Visit megaphone.fm/adchoices

If you’re looking to buy rental properties, build a real estate portfolio, and level up your wealth?—you’re in the right place. But, as the housing market stays red hot, it can be a struggle for both new and old investors to know where to look for their next cash flow or appreciation play. Do you stick with on-market properties that may be easier to come by but with serious competition, or do you go the off-market property route and look for distressed, yet overlooked properties. Get answers to this question (and many more) on this episode of Seeing Greene, with your host, David Greene. As always, David takes questions from you, the listeners, to answer some 2022-specific and age-old questions about rental property investing and real estate as a whole. Topics of today’s show include classics like buying new construction vs. an existing rental property, how to invest within your retirement accounts, on-market deals vs. off-market deals, and why certain properties stay on the MLS for so long. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Buying for appreciation vs. cash flow in today’s fiercely competitive housing market How to invest in real estate even if you’re well into retirement The three main reasons that a property will sit on the MLS for months When to quit your job and go full-time into real estate investing (and how to set yourself up for a successful departure) The 1031 exchange and how it works to defer taxes for rental property investors Using built-up equity to invest in more cash flow and higher appreciation And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Submit Your Questions to David Greene BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors Seeing Greene: Questions from BiggerPockets’ Best and Brightest (Episode 600!) Seeing Greene: Should You Pay Off Debt or Invest in Real Estate? Seeing Greene: FHA Loans, Cash Flow Shrinkage, & Bidding $200k Over Asking 10 Actionable Steps Anyone Can Follow to Buy a Rental Property David Greene Meetups David Greene Team Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-606 Learn more about your ad choices. Visit megaphone.fm/adchoices

How many rental units do you want? Depending on who you ask, the number of rental properties can differ dramatically. A young investor may be looking to scale their portfolio quickly, eyeing ten, fifteen, or even one-hundred units. But, for a veteran real estate investor, who may already have a three or four-figure portfolio, the optimal rental unit count could be none at all—they may purely want passive income. Christian Osgood knows this all too well, and it’s how he’s grown a seventy-one-unit portfolio in such a short amount of time. As half of a dynamic investing duo, Christian and his partner Cody Davis know that the first place to look for a deal is within someone’s goals. Unlike most off-market deal hunters, Christian and Cody don’t blatantly ask a seller if they’re willing to part ways with their property. They do something much different and a bit unorthodox.  Christian and Cody have grown a massive multifamily portfolio in an impressive amount of time. Christian walks through the reasons why this partnership works, how they divvy up their roles, and why new investors should learn to love new problems, not cower in fear over potential pit-stops on their wealth-building journey.  In This Episode We Cover The “fish hauling and shipbuilding” of a perfect real estate partnership  Why entrepreneurs and investors alike should search out new problems to solve Financing large deals using OPM (other people’s money) and raising capital the right way How to find any off-market property owner simply by using Google Maps The biggest mistake you can make when raising money from private investors  Relationship marketing and how it can open you up to phenomenal real estate deals  And So Much More! Links from the show 81 Units in 3 Years: All On-Market with NO Bank Loans w/Cody Davis OpenCorporates Airbnb HGTV Microsoft Investment with David Greene David's Instagram Robuilt's Instagram Robuilt's Tiktok Robuilt's Twitter Rental Property Investing The 10X Rule Connect with Christian: Cody and Christian's YouTube Channel The Multifamily Strategy Christian's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-605 Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s a housing market crash! It’s a housing market bubble! It’s a relatively normal and stable housing market! Two of these statements might make you excited, anxious, or hopeful, while one simply makes you yawn. For years, we’ve heard numerous news outlets, forecasters, and housing authorities tell us that the next housing crash is right around the corner, only for home prices to skyrocket, interest rates to rise, and demand to stay red-hot. If you want to know if a housing market crash is coming, Rick Sharga, Executive Vice President at ATTOM, a leading provider of nationwide property data, is the person to talk to. His entire job is based on finding and figuring out the data behind housing market movements, which he then presents to field leaders who are trying to make better buying, selling, and lending decisions. Rick is an industry vet and was around during the mid-2000s housing market crash, the great recession, the foreclosure crisis, and everything that followed. Rick has seen the runup in housing prices over the past two years and has some interesting theories as to where we’re headed next. Whether you think we’re in for smooth sailing or on the cusp of another crash, Rick’s predictions may surprise you.  In This Episode We Cover: Why competition has recently fallen and whether or not this is permanent for the housing market  The difference between 2022’s housing market and the 2007/2008 housing market Whether or not raising interest rates has affected hot housing markets If we’re entering bubble territory and how to tell the real estate market is going south Which real estate markets are primed for a correction in 2023 (and beyond) How to get ahead of the foreclosure auctions in a “high equity” housing market  And So Much More! Links from the show ATTOM Data Solutions On The Market Podcast Redfin Zillow Fannie Mae  Wallstreet Journal Weatlh Track Federal Housing Administration (FHA) Blackstone RealtyTrac Youtube Tiktok   Dave Meyer's Instagram @thedatadeli BiggerPockets Youtube David Greene's Instagram @davidgreene24 David Greene Real Estate (Youtube) Rick's LinkedIn Rick's Twitter @ricksharga Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-603 Learn more about your ad choices. Visit megaphone.fm/adchoices

The ROI (return on investment) of a rental property is arguably one of the most calculated metrics when deciding whether or not to invest. Even veteran landlords tend to look at ROI as the sole metric that decides whether or not something is a “deal”. But, in the 2022 housing market, more and more landlords are seeing a massive boost in equity, and new investors are finding cash flow harder and harder to find. Has ROI kept its relevance? Welcome back to another episode of Seeing Greene, where expert investor, agent, author, and real estate investor, David Greene, takes time to answer the BiggerPockets community’s most top-of-mind questions. In this episode, we touch on topics such as how to scale your portfolio on limited funds, whether or not to invest in tenant-friendly states, long-distance house hacking, and the foolproof way to decide whether to hold or sell in 2022. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: The three ways any real estate investor can scale their portfolio  Investing in a market facing depopulation and how to research a rental market Critiquing the “only cash flow” argument and what other important metric to pay attention to Holding vs. selling your rental properties in 2022 (and how to decide which path to choose) DSCR loans and how to get around the residential mortgage maximum Investor FOMO and whether or not to buy or wait in today’s hot housing market And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Submit Your Questions to David Greene The U.S. Census Bureau CNN Money Yahoo Finance BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors Seeing Greene: Questions from BiggerPockets’ Best and Brightest (Episode 600!) Seeing Greene: Should You Pay Off Debt or Invest in Real Estate? Seeing Greene: FHA Loans, Cash Flow Shrinkage, & Bidding $200k Over Asking David Greene Meetups David Greene Team Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-603 Learn more about your ad choices. Visit megaphone.fm/adchoices

If you want to invest in real estate, you’re probably taking a safe, slow approach to building a rental property portfolio. As a real estate rookie, people tell you that the safest way to invest is to get good at one thing while keeping a distance from doing deals outside your comfort zone. While this type of advice isn’t wrong for everyone, it may miss the mark for some. Investors like Marjorie Patton have found ways to dramatically diversify themselves in the world of real estate, without their losing shirts. Marjorie is the head of sales for a financial technology firm by day and a real estate investor, house hacker, flipper, and private money lender by night. With some rather unexpected renovation costs on her first property (and with no safety reserve), Marjorie was forced to learn real estate investing on the fly. Fast forward to today, Marjorie has a seven-door portfolio in the expensive Denver, Colorado area. She’s grown quickly and has seen healthy profits, but has no need to quit her W2. Instead, she’s going to creatively parlay any deal that comes across her desk so she can build wealth while continuing to work somewhere she loves. In This Episode We Cover: Why diversifying in real estate isn’t such a bad idea, plus how to prepare to do different deals Using the concepts you know in everyday life to build a real estate portfolio  The benefits of being “scared” when doing deals and building confidence through mistakes When the right time to quit your W2 is and why you don’t have to succumb to the “financial freedom” pressures Flipping homes, lending private money, and investing in deals with partners House hacking an expensive property while keeping your cost of living low And So Much More! Links from the Show: BiggerPockets Website BiggerPockets Bookstore BiggerPockets On The Market Podcast BiggerPockets Youtube Channel BiggerPockets Podcast #467: #1 NYT Bestselling Author Adam Grant on the Need to “Think Again” Ebay MLS (Multiple Listing Service) Mike Tyson's Official Website Steve Jobs' Wikipedia Page Steve Wozniak's Wikipedia Page Malcolm Gladwell's Official Website Warby Parker Website Rocky Mountain Women Invest Meetup Airbnb Redfin HBO’s Billions Mark Ferguson's Wikipedia Page Rob’s TikTok Profile Rob’s Instagram Rob’s Youtube Channel Rob's Twitter David’s Instagram David’s Tiktok Profile David's Business Website Connect with Marjorie: Marjorie's Instagram Denver Women Investor Meetup Instagram Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-602 Learn more about your ad choices. Visit megaphone.fm/adchoices

What makes a millionaire mindset? Everyone knows what it takes to become successful: hard work, grit, tenacity, and (usually) some form of intelligence. But with so many people (real estate investors specifically) working hard, day in and day out, why aren’t we seeing a plethora of unbelievably successful individuals? It turns out, the problem isn’t within the system of building wealth, but the individual. Jason Drees, mindset coach and author of Do the Impossible, has seen numerous individuals come to him confused, doubtful, and wanting to do more. Within a matter of years or even months, these individuals poised on success attain things that would take most people many lifetimes. So what’s the difference between a massively successful investor and a moderately successful one? In today’s show, Jason breaks down the alchemy behind building a business, a life you love, and massive wealth. He even takes a break to coach David and Rob on their future business plans, uncovering some roadblocks and new paths that they never even knew existed. If you’ve been stuck in analysis paralysis, or simply have a goal to get to fast, this is the episode to not only listen to but take notes and review so you can grow as well. In This Episode We Cover: Why 95% of real estate investors aren’t aiming high enough (and how it’s hurting them) Evolving your mindset after hitting a goal, no matter how small Hitting unknown goals and looking for accomplishments that excite you Using your emotion to navigate success and listening to your internal guidance Walking the path to greatness instead of settling for success How to “Frame” your goals, plus a live example with David and Rob And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel Biggerpockets Bookstore Brandon's Instagram Tony Robbins's Website Tony Robbins Life Coaching David's Instagram The David Greene Team's TikTok Profile Rob's Instagram Rob's Youtube Channel Rob's TikTok Profile Connect with Jason: Jason's Company Website Jason's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-601 Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome episode 600 of the BiggerPockets Real Estate Podcast! Whether you’re a first-time listener or a David Greene addict, we’re happy to have you here. In today’s episode of Seeing Greene, David takes questions from some of the biggest names in the real estate investing space, including fan favorites like Ed Mylett, David Osborn, and even…Brandon Turner (he’s back!) While this show features some high-level investors, the questions still apply to everyday investors. David answers questions ranging from how to find work-life balance, what to do to get your offer accepted in today’s hot market, how to balance skill with ambition, and where to start when hiring employees for your real estate investing business. Even if you’ve yet to buy your first rental property, advice like this could slingshot your wealth-building journey farther than you knew you could go! Thanks again to all our celebrity guests for sending in their questions! Heard a question that resonated with you? Want to hear David’s thoughts on a certain topic? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A with the man himself. In This Episode We Cover: How to start (and stay) performing at your best so you can accomplish your goals What the David Greene team is doing to win bidding wars in today’s hot housing market The best metric to look at when deciding whether or not to buy a property How to maintain work-life balance when working, running your business, and investing Tips for hiring employees that can help you build your real estate portfolio The three biggest leadership tips when running a team (or teams!) David’s dream Chipotle order and how to ensure your burrito isn’t soggy And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Submit Your Questions to David Greene What Michael Jordan and Kobe Taught Tim Grover about “Winning” Investing and Landing Great Deals at Auctions with David Osborn and Aaron Amuchastegui From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn Gobundance You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses 40 Doors in the First 2 Years with Henry Washington Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode BiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason The 7 Tips @investorgirlbritt Used to Go from Amateur to Pro Investor Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors David Greene Meetups David Greene Team Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-600 Learn more about your ad choices. Visit megaphone.fm/adchoices

Opportunity zone investing hasn’t always been around for real estate investors to take advantage of. But as the government began upping the incentives around this type of real estate investing, more tax-savvy investors started to pay attention. You may have heard of opportunity zones before, but you probably don’t know how much of a heavy hitter they are in the realm of tax reduction. Someone who does know about opportunity zone investing is King Malaki Sims—CPA and avid real estate investor. He’s been buying and building homes in opportunity zones for years and makes the case that this type of investing truly is the best real estate “cheat code” out there. Through his simple strategy, Malaki has been able to not only defer taxes but in some cases, eliminate them entirely, just through simple, smart real estate investing. Malaki shares how even a novice real estate investor can find, fund, finish, and furnish an opportunity zone rental property all while keeping Uncle Sam away from their hard-earned profits. If you want to build wealth without having to worry about 1031-ing your properties, Malaki is the man to listen to. In This Episode We Cover: Opportunity zones explained and how new investors can start investing in them Where to find opportunity zones in your local area (no matter where you live!) Funding opportunity zone investments with little to no money down  The biggest opportunity zone myths that scare away investors far too early Depreciation, bonus depreciation, and tax-deferral strategies you can take advantage of How crypto, stock, and other investors can invest in real estate tax-free  And So Much More! Links from the Show: BiggerPockets Website BiggerPockets Bookstore BiggerPockets Forums BiggerPockets Podcast Episode 569: Rich Dad’s CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright Robert Kiyosaki's Official Website Donald Trump's Official Website California Opportunity Zone Website Cryptocurrency Rob’s TikTok Profile Rob’s Instagram Rob’s Youtube Channel David’s Instagram David’s Tiktok Profile Connect with King Malaki: King Malaki's Instagram King Malaki's Clubhouse Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-599 Learn more about your ad choices. Visit megaphone.fm/adchoices

The BRRRR method can be taught by no one better than David Greene, author of Buy, Rehab, Rent, Refinance, Repeat, and adorably dubbed “Sir BRRRR” by co-host Rob Abasolo. While David may be a master of BRRRR budgets, schedules, and rehabs, Rob isn’t as familiar with doing full-on buy, rehab, rent, refinance, and repeat rentals. To not only help out Rob but the BiggerPockets audience as a whole, David does a full walkthrough on his latest BRRRR. This hillside property situated in David’s native San Francisco Bay Area has huge potential to become a cash-flowing, equity-increasing deal. David is turning this large home into multiple smaller units that will rent out to A-class tenants and should net him a six-figure equity boost simply by doing these cash-flow-first renovations. David walks through exactly how to find BRRRR properties, telltale signs of a good (or bad) BRRRR deal, how to use the BiggerPockets BRRRR calculator, funding options for your BRRRR (from David's broker!), writing up a contractor scope of work (SOW), and how to build cash flow when there isn’t any to be found. You’ll also hear how David had a surprise run-in with the cops when walking this property. Action, excitement, and lots of equity are all coming up in this episode! In This Episode We Cover: The first signs that a property may be a great BRRRR deal  Using the BiggerPockets BRRRR calculator to evaluate deals and raise private capital Financing options you have when funding (and rehabbing) a BRRRR Contractor bids and BRRRR budgets (even if you don’t have rehab experience) Before photos and David’s exact conversion plan to turn a single property into a cash-flowing multifamily  The huge wealth-building benefits of getting creative when finding value-add real estate And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Calculators Biggerpockets.com Pro Upgrade Code: REPOD21 BiggerPockets Podcast Zillow Realtor.com BiggerPockets Conference and Events Rentometer The 1 Brokerage Building Your “Passive Income Blueprint” Using the Right Real Estate Agent w/ Johnny Hoang Books Mentioned in the Show: Buy, Rehab, Rent, Refinance, Repeat by David Greene The Book on Estimating Rehab Costs by J Scott Connect with Rob: Rob's TikTok Profile Rob's Instagram Rob's Youtube Channel Connect with David: David's Instagram David's Tiktok Profile David Greene Team Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-598 Learn more about your ad choices. Visit megaphone.fm/adchoices

Should you pay off debt or invest in real estate? Whether you’re young or old, rich or poor, in consumer debt or student debt, this is a question that almost everyone has. With inflation hitting decade-long heights, debt seems to be worth less and less every day. But, the other side to this coin is that asset prices, including real estate, are going up. Is there a right move to make, or are we stuck treading water without enough financial traction to stick to? Hear answers to this question (and many more) on this week’s Seeing Greene, with your favorite host, agent, investor, and mortgage magician, David Greene. In this episode, you’ll hear topics touched on like whether to house hack or buy cash-flowing rentals, what to expect (and not expect) from your real estate agent, how to reduce (and account for) property taxes, how inflation and interest rates will affect the housing market and the best piece of advice David would give new real estate investors. Heard a question that resonated with you? Want to hear David’s thoughts on a certain topic? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get real-time answers! In This Episode We Cover: How inflation can positively affect your debt payoff and using your momentum to buy real estate House hacking in expensive areas vs. buying short-term rentals that cash flow How David’s real estate team sets up clients and investors for success Finding the right property manager that will handle your portfolio’s headaches Whether buying new construction or an existing home has better long-term ROI How to claim rental income (including house hack income) so you can increase your financeability And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Submit Your Questions to David Greene BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties BiggerPockets Podcast 570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors David Greene Meetups David Greene Team Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-597 Learn more about your ad choices. Visit megaphone.fm/adchoices

Mobile home park investing wasn’t very attractive until a few years ago. Thanks to big names in the mobile home park space (like BiggerPockets’ own Brandon Turner), the mobile home investing game has become one of the hottest commodities in the world of real estate investing. But it must take a huge jump to go from investing in single-family rentals to double-digit-unit parks, right? Today’s guest, Amanda Cruise, is here to tell you that bigger doesn’t always mean more challenging. She actually got out of single-family rental investing due to the non-stop headaches of dealing with contractors, property managers, and tenant maintenance problems. She started doing “Lonnie Deals” where she would seller-finance mobile homes to local buyers. Soon, after enough success, she moved on to tackling entire mobile home parks! But how did Amanda beat out the competition when the mobile home park space is so hot? Thankfully, Amanda shares her three top tips on getting around institutional investors so you can purchase cash-flowing mobile home parks, without the headaches of syndicating or raising vast amounts of capital. In This Episode We Cover: “Lonnie Deals” and seller financing mobile homes for profit Why changing title on a mobile home is far easier than on a traditional home Finding motivated sellers and how to slide under the radar of institutional investors Scaling your team and the “must-have” roles when buying mobile home parks The not-so-secret way to get a list of mobile home park owners in your area The true “value-add” opportunities to look for in a mobile home park And So Much More! Links from the Show: Craigslist Facebook Marketplace Airbnb LoopNet CoStar Sarah Weaver's Website David's Instagram David Greene's Real Estate YouTube Channel Rob's TikTok Profile Rob's Instagram Rob's Youtube Channel BiggerPockets Podcast 563: W2 Retired and Traveling the World with Just 15 Units w/Sarah Weaver Robuilt YouTube Channel: Why I’m buying a $3,250,000 Airbnb in Arizona Brandon Turner's Instagram Mobile Home Park Investing Course by Amanda Cruise Connect with Amanda: Freebies from Amanda's Company Website Amanda's Instagram Check the full show notes here: https://biggerpockets.com/blog/real-estate-596 Learn more about your ad choices. Visit megaphone.fm/adchoices

Most investors assume LLCs for rental properties are the way to go in terms of asset protection. From a novice’s point of view, LLCs seem to provide everything you would need?—anonymity, simple tax filing statuses, and legal protection. But, an LLC in reality isn’t as airtight as most real estate investors think. And the worst time to learn about the limitations of an LLC is during a lawsuit, where your wealth (and sanity) is at risk. To stop you from guessing when it comes to asset protection, we’ve brought on our go-to expert and heavy hitter asset protection lawyer, Brian T. Bradley, Esq. Not only is Brian well versed in the realm of asset protection, but he’s also helped numerous clients protect their real estate wealth, making him the perfect person to ask about LLCs, limited partnerships, trusts, and more. Brian walks through the different types of legal “layering” that real estate investors can set up to protect themselves from lawsuits and angry creditors. He defines exactly how each type of real estate investor should set up their assets as their net worth expands, and what to do BEFORE you get served with a lawsuit. While Brian may not know your personal situation, he does speak with years of experience serving high-net-worth investor clients and can relay their mistakes (so you don’t make them too). In This Episode We Cover: What is asset protection and why is it crucial for real estate investors in particular The “layers” of legal protection that real estate investors must have What an LLC really protects you from and why it may be different than what you think “Piercing the veil” and why most investors need to go a step beyond LLCs Limited partnerships and trusts that give you the best asset protection Financing hiccups when keeping your rental properties in trusts And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel On the Market Podcast Biggerpockets Blogs Biggerpockets Agent Finder Real Estate Rookie Podcast Rookie Podcast 106: Asset Protection for Rookies: 7 Wealth-Saving Answers from an Expert Tony Robbins Airbnb WhatsApp MySpace TikTok Cardano (ADA) Rob's TikTok Profile Rob's Instagram Rob's Youtube Channel David's Instagram David's Tiktok Profile Connect with Brian: Brian's Company Website Email Brian: brian@btblegal.com Check the full show notes here: https://biggerpockets.com/blog/real-estate-595 Learn more about your ad choices. Visit megaphone.fm/adchoices

Inflation and cash flow have been fighting against each other for decades. As soon as you increase the rent on an income property, inflation comes right in to eat some of that gain. So in today’s borderline hyperinflationary environment, is cash flow still coming out on top? A better question to ask may be, what happens in five, ten, or twenty years? Will inflation completely erode your financial freedom dreams? Or will cash flow match (or beat) this destructive force. This isn’t just a question that impacts real estate investors—it affects almost every individual working within today’s economy. In today’s episode of Seeing Greene, David goes deep into this question (and others) so you, the investors, can have a better understanding of our economy as a whole. You’ll also hear topics like whether or not you can transfer title on an FHA loan, what to do when bidding wars push prices well above market comparables, when to cosign and when to ask for a cosigner, and what every investor in their twenties should start doing today. Heard a topic that you wanted more explanation on? Want to ask David a question you’ve never heard before? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: How spending power changes the way investors calculate cash flow Transferring title from your personal name into an LLC with an FHA loan How to know a house is “worth it” and what to look for in a loan officer Cosigning for a relative to house hack and staying up-to-code with owner-occupied loans Pivoting markets from a cash flow market to an appreciation market David’s advice to every young, aspiring real estate investor And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore Submit Your Questions to David Greene BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties BiggerPockets Podcast 570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Sea BiggerPockets Podcast 577: Cutting Your Tax Bill, Investing in Different Markets, & “Investor Pressure” | Coaching Calls BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors David Greene Meetups David Greene Team Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-594 Learn more about your ad choices. Visit megaphone.fm/adchoices

The words “ethical” and “wholesaling” are rarely used in the same sentence. For the most part, many real estate investors and agents look at wholesalers as deceptive, hard to read, and for the most part just looking to make a quick buck. While this may be true for many new wholesalers, it's far from the truth for Jamil Damji. If anything, Jamil wants to put an end to inexperienced, and often financially dangerous wholesaling. You could say Jamil was made to be a wholesaler. He had hustle, cold calling skills, and the will to succeed after being rejected from medical school simply due to his age. He set up a website-building business and got the hang of cold-calling quite quickly. After overhearing a discussion about a real estate deal between his partner and his partner’s father, Jamil decided to take his sales skills and turn them into something a bit more profitable. He made a phone call to a local property owner, secured a deal for his partner, and walked away with a $47,000 assignment fee. Now, Jamil runs one of the most respected wholesaling companies in the United States. He’s set up an “everyone wins” style of wholesaling where sellers, buyers, and intermediaries in between all get paid fair prices while incentivizing each party to do what’s best for the other. This is a brand new concept in the field of wholesaling and one that Jamil wants to see flourish throughout the industry. If you want to learn how Jamil and his team do sixty to eighty deals a month, all while building a loyal customer base, this is the place to be. In This Episode We Cover: How wholesaling works and why so many new investors start with it The best types of listings to call to find motivated sellers plus where to build your buyers list Why illegalizing (or at least licensing) wholesaling would be favorable for the industry How wholesalers can work with agents to build each other’s businesses faster The biggest mistake wholesalers make when trying to assign contracts to buyers Building a “win-win” system so everyone in the transaction becomes a repeat customer And So Much More! Links from the Show: Coming Soon: BiggerPockets's On The Market Podcast Triple Digit Flip Show Robert Abasolo's Instagram Robert Abasolo's TikTok David Greene's Instagram David Greene Real Estate Youtube Channel KeyGlee Funny or Die Upright Citizens Brigade The Second City Craigslist U-Haul The Comedy Store D.R Horton Company Website Saturday Night Live Brandon Turner's Instagram Connect with Jamil: Jamil's Instagram Jamil's YouTube Channel Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-593 Learn more about your ad choices. Visit megaphone.fm/adchoices

The way the housing market moves largely depends on the real estate cycle we’re currently in. We all saw this during the 2007 subprime mortgage crisis as overleveraged homeowners saw their properties foreclosed on and later sold to investors who had cash on hand. We’re currently experiencing dramatic demand coupled with low inventory, so are we at the end of the housing market cycle, ready for a recession to knock down this house of cards? Whether we are or aren’t close to a housing bubble bursting, smart real estate investors are protecting their wealth regardless of what is to come. This is where today’s guest, Doug Lodmell, has gleaming insight. Doug and his team have worked for decades to protect the wealth of real estate investors. This is commonly known as asset protection but can be thought of as simple risk mitigation for the new real estate investor. Doug has been through expansion, crashes, corrections, recoveries, and everything in between and has seen what a poor asset protection strategy can do to an investor's portfolio. He drops some knowledge on today’s show around how real estate investors in 2022 can protect themselves from going through a repeat of 2008. His simple, yet undeniably valuable advice could save you not only money but years worth of work you’ve put into real estate investing. In This Episode We Cover: Quick takes on today’s biggest stories surrounding the housing market The tools asset protection lawyers use to protect and disguise their clients’ wealth Whether or not new real estate investors need LLCs when buying properties  The biggest mistakes real estate investors make that cost them their wealth Leveraging debt to build your portfolio vs. cash hoarding for post-crash opportunities BiggerPockets’ newest podcast show featuring our own Dave Meyer! And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel On the Market Podcast Walmart Bloomberg News David's Instagram Dave's Instagram Connect with Doug: Doug's LinkedIn Profile Doug's Company Website Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-592 Learn more about your ad choices. Visit megaphone.fm/adchoices

Cash flow markets are a hotspot for new real estate investors. Why? They’re inexpensive to get into, show great cash flow (on paper), and allow many investors to map their date of financial freedom. The downside? Cash flow markets are different in real life than they are on paper. What may look like a phenomenal rental property at first glance could turn into a tenant nightmare and cash flow hemorrhaging situation. So who should invest in these types of real estate markets? Questions just like this (and more) are coming up in this episode of Seeing Greene. As usual, David Greene, your expert on all things real estate, is here to answer quick questions from both rookie and veteran investors. In today’s show, David touches on topics like BRRRRing vs. buying multiple properties, 2022 housing market predictions, how to raise capital for your deals, qualifying for financing without strong income, and why 2022 may be the perfect year to go into debt! Heard a question that resonated with you? Want to hear David’s thoughts on a certain topic? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A with the man himself. In This Episode We Cover: The best way to invest spare cash: BRRRRing or buying multiple properties? How David structures his deals and raises capital using debt and equity Refinancing out of a seller-financed situation, even if you don’t qualify for conventional loans Whether to keep, sell, or refinance a property when you have significant equity sitting in it How to house hack (again) when you’ve already used your one FHA loan Developing your crystal clear criteria so you can grow your portfolio faster  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Rent Estimator BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore Submit Your Questions to David Greene BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate? BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties BiggerPockets Podcast 570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Dea BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking BiggerPockets Podcast 584: The 5 Steps That Will Bring You More Deals, Friends, and Mentors w/Jonathan Greene BiggerPockets Podcast 586: The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals w/Andrew Cushman BiggerPockets Podcast 587: Full-Time Flipping (Out-of-State!) at 24 by Doing What Most Don’t Know w/Dominique Gunderson BiggerPockets Podcast 589: 10 Actionable Steps Anyone Can Follow to Buy a Rental Property David Greene Meetups David Greene Team Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-591 Learn more about your ad choices. Visit megaphone.fm/adchoices

No money down real estate investing usually sounds too good to be true. It seems almost impractical that someone without much experience, money, or property can secure cash-flowing rentals without putting a dollar into the deal. Even more astounding, today’s guest Andre Haynes was paid a few thousand dollars to buy his first rental property. He shares his exact steps on how he did it on today’s show! While investing in real estate with no money down can seem like an advanced concept, Andre wasn’t some cash-flowing wizard from the start. If anything, Andre’s upbringing may have brought some hurdles to the financial side of his life. He had no credit, no cash, was faced with eviction notices, and generally was falling behind financially as a parent. He had to take a hard look at his life, redefine his goals, and reevaluate his choices. From there, it was a hard, yet incredibly valuable, climb upwards. Now, only a short time later, Andre has built a real estate portfolio worth over a million dollars. He has numerous cash-flowing assets that pay for his liabilities and has started to educate others about how they can do the same. He defines this easily repeatable process on today’s show but doesn’t gloss over the fact that the only thing stopping you from obtaining the wealth you desire, is yourself. In This Episode We Cover: How to invest when you come from an upbringing that lacks financial literacy  Giving up on your “dream” so you can pursue something much greater Andre’s 5-steps to get your life together and how you can start using them today Practicing delayed gratification and how simple sacrifices pay off big in the long run The zero down loan program that Andre used to build his real estate portfolio The importance of becoming a real estate investor before you buy your first property And So Much More! Links from the Show: BiggerPockets Forums BiggerPockets Podcast BiggerPockets Agent Finder BPCON 2022 NACA (Neighborhood Assistance Corporation of America) MLS (Multiple Listing Service) Realtor.com Zillow Rich Dad Poor Dad seminar Airbnb Vrbo Turo Peerspace The Landlord Life YouTube series Landlord Life Season 3 Episode 2 with Henry Washington Mindset Matter Merch (No books here) Henry Washington's Instagram Brian Donnelly's KAWS Connect with Andre: Andre's Instagram Andre's Business Website The Landlord Life YouTube series Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-590 Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to know how to buy a rental property? If rising home prices, rent prices, and fierce market competition have you struggling to get something under contract, your real estate saviors, David Greene and Rob Abasolo are here to help. In 2022’s hot housing market, it can seem almost impossible for new real estate investors to get their foot in the door. But, if you follow what the experts are doing, you may be able to lock up your next investment while other buyers are stuck in bidding wars. Whether you’re wondering how to buy your first rental property or your next rental property, David and Rob have answers for you. They’ve partnered up to buy luxury short-term rental properties in sunny Arizona, all while recording the exact steps they’re taking to land a deal. If you’re already investing in real estate, some of these steps may seem familiar to you, but the gems that David and Rob drop are rarely discussed (and incredibly helpful). So, if you’re ready to start your real estate investing journey, build wealth, rake in cash flow, and build passive income, you’re in the right place. David and Rob define their ten steps to investing success so you can spend less time analyzing deals and more time collecting rent checks. In This Episode We Cover: How to define your investment criteria so you can find deals that fit your needs Working with a partner and keeping the line of communication open Blocking off time so you (and your partners) can focus on crossing the finish line What to look for in a real estate agent and how to communicate to them what you want Writing your offer with multiple strategies in mind so you can beat the competition How to not become “emotionally attached” to deals that look too good to be true  And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder Dave Ramsey's Website Zoom BiggerPockets Podcast AirDNA Voice Notes Bump App Zillow DavidGreene Team Connect with Rob and David: Rob's Instagram David's BiggerPockets Profile David's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-589 Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to retire with rentals? Want more cash flow? Want to put up a lower down payment? What about building an ADU on your land? All of these questions (and more) are coming up on this episode of Seeing Greene. Unfortunately, this is the first time in BiggerPockets history that David Greene, master investor/agent, hasn’t been able to answer a question (and for good reason). David tackles some challenging topics this episode, ranging from climate change affecting real estate values, what to do once depreciation runs out, and at what point should an investor take profits in the form of cash flow? While you may have heard varying opinions from other investing experts (or even other BiggerPockets hosts), David has a rather conclusive take on why you should NOT be retiring early with rental properties, but you should do something much greater instead. If you heard a question that resonated with you or you’d like David to go more into detail on a certain topic, submit your question here so David can answer it on the next episode of Seeing Greene. Or, follow David on Instagram to see when he’s going live so you can hop on a live Q&A with the man himself! In This Episode We Cover: How climate change will and won’t affect buying patterns for real estate investors  Whether or not to trade a higher down payment for more cash flow or vice versa Where to find real estate meetups to network with other investors When the right time to pull out cash flow from your rental property is How to maximize tax benefits after your property’s depreciation runs out Building an ADU vs. buying another rental property with the cash And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Rent Estimator BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore Submit Your Questions to David Greene BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate? BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Dea BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks David Greene Meetups David Greene Team Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-588 Learn more about your ad choices. Visit megaphone.fm/adchoices

Forty real estate deals is a lot, especially for an experienced investor. How many people do you know that have done forty flips, wholesale deals, or own over forty rentals? Odds are, probably not many. So how does a nineteen-year-old do that many deals in only a year? Even better, how do they then take that experience and build a successful flipping business thousands of miles away from where they live? The answer might surprise you. Dominique Gunderson is an anomaly in the best of ways. At fifteen years old she became privy to short sales, then at age seventeen, she left high school to start wholesaling full-time. Now, at age twenty-four, she runs a full-time flipping business based in New Orleans while she resides in her home state of California. She’s managing this entire out-of-state real estate investing venture strictly through her phone, laptop, and conversations with her contractors. Impressive, right? But this level of speed and growth didn’t come without its tradeoffs. Dominique failed many, many times in her pursuit of passive income and real estate profits. She’s the first to admit that she wouldn’t trade a single failure for anything she has now, as they’ve been the stepping stones to her success. So if you want to stop sitting on the sidelines and start succeeding at record speed, you better prepare to fail, just like Dominique did. In This Episode We Cover: How to quickly screen for potential hidden gems in the multifamily space The eight steps that lead to perfect multifamily underwriting so you can make the best offer possible “Loss to lease” and using it as a value-add opportunity that most investors miss Getting debt quotes, insurance quotes, and accurately calculating future property taxes Who’s opinion you need to ask for before going through on a multifamily deal Looking for the opportunities and traps within a seller’s finances Writing an LOI (letter of intent) and getting bigger deals under contract And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Bookstore The Real Estate InvestHER Show Episode 170: How this Full Time Nurse Manages Multifamily Syndications with Savannah Arroyo Facebook Airbnb Lowe's Home Improvement The Home Depot MLS (Multiple Listing Service) Connect with Dominique: Dominique's BiggerPockets Profile Dominique's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-587 Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to know how to analyze a multifamily property? Maybe you’ve analyzed duplexes, triplexes, quadplexes, or even ten-unit apartment complexes before, but what about the big deals? We’re talking about multi-million dollar multifamily investments, with hundreds of units, large debt and equity structures, and many, many small pain points only experienced investors would notice. If you’re looking for an in-depth overview of how to find, analyze, and buy a large multifamily property so you can build passive income and serious equity growth, then Andrew Cushman is the man to talk to. Andrew is so good at what he does that he's partnered up with BiggerPockets Podcast host, David Greene, to invest together. In Andrew’s previous episode, he touched on the “phase I underwriting” that comes with analyzing a multifamily deal. In this episode, Andrew focuses on what investors should do after they’ve triaged their deals and are left with only the best in the bunch. Andrew spent years worth of time analyzing deals to come up with these eight steps. He shares them today so you can have less headache and more investing success than when he started! In This Episode We Cover: How to quickly screen for potential hidden gems in the multifamily space The eight steps that lead to perfect multifamily underwriting so you can make the best offer possible “Loss to lease” and using it as a value-add opportunity that most investors miss Getting debt quotes, insurance quotes, and accurately calculating future property taxes Who’s opinion you need to ask for before going through on a multifamily deal Looking for the opportunities and traps within a seller’s finances Writing an LOI (letter of intent) and getting bigger deals under contract And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel DavidGreene Team BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal BiggerPockets Store BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman Axiom Metrics CoStar ALN Apartment Data Apartments.com Rent.com Parks and Recreation (TV Show) David Greene's Webinars David's Instagram Andrew's Visuals Example 1 (Spreadsheet File) Example 2 (Spreadsheet File) Example 3 (Spreadsheet File) Rent Increases Loss to Lease Debt Quote Property Taxes Renovation Budget (Spreadsheet File) Connect with Andrew: Andrew's Linkedin Profile Andrew's Company Website Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-586 Learn more about your ad choices. Visit megaphone.fm/adchoices

BRRRRs, property classes, raising capital questions and more are in this episode of Seeing Greene! As always, your investor mentor, top agent, and shiny-headed host of the BiggerPockets Podcast is back to walk through real-life questions and examples brought to him directly from listeners just like you. This episode walks through a lot of the struggles new and intermediate investors have when trying to scale. So even if you’ve got one unit (or none), you’re probably in one of our guest’s positions. Investors all over the country are enjoying the spoils of this hot real estate market and need to know the next best move to make. In today’s show, David touches on topics like how to scale when you feel overleveraged, the four hurdles that stop investors from building portfolios, how to tell whether a rental is an a, b, or c-class property, whether or not to raise money on your first big deal, and why every BRRRR needs to start backwards. If you heard a question that resonated with you or you’d like David to go more into detail on a certain topic, submit your question here so David can answer it on the next episode of Seeing Greene. Or, follow David on Instagram to see when he’s going live so you can hop on a live Q&A with the bald builder of wealth himself! In This Episode We Cover: The four things that slow investors down when building their real estate portfolio How to know your “property’s personality” so you can get better tenants and equity gain Defining property classes and what to do if a property and neighborhood class mix Selling off your rental properties to buy bigger deals vs. raising private capital Why real estate is easy in theory but difficult in practice The single best strategy for every new real estate investor to start with And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Rent Estimator BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore Submit Your Questions to David Greene BiggerPockets Podcast 569: Rich Dad’s CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off? BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow — BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate? BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Dea BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking David Greene Team Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-585 Learn more about your ad choices. Visit megaphone.fm/adchoices

If you’re new to investing in real estate, you may not have run your first real estate analysis yet. But as soon as you start looking at properties, you’ll become a spreadsheet wizard in no time! With so many investors counting on automatic analysis from modern, hyper-specific real estate calculators, old-school investors beg the question “do these calculators really make a difference in the deal?” Today, expert investor, home flipper, wholetailer, and almost every other real estate title in the book, Jonathan Greene, joins us to talk about what new investors are missing out on. While many investors run spreadsheets and analyses before seeing a deal, Jonathan does it the other way around. Jonathan will drive to a property, walk the property, and then after taking a look at some specific parts of the property, will run a deal analysis. He walks through the system that not only makes this efficient but worthwhile. If you've been around the BiggerPockets Forums for some time, you’ve probably recognized Jonathan’s name (or face). He’s an active contributor, responding to forum posts almost every day and chatting with new investors every chance he gets. Jonathan has found deals, mentors, partners, and great friends thanks to online forums, like BiggerPockets. If you’re looking to get the most out of your virtual networking, Jonathan shares his five tips on extracting huge value from the collective minds of over two million real estate investors! In This Episode We Cover: Going beyond the spreadsheets and analyzing real estate internally (before using a calculator) How to get the “feel” of a house when investing out-of-state The crucial parts of a house Jonathan looks at during his first walkthrough The five steps to being successful in an online community (or in real life too!) Choosing your perfect out-of-state market using two simple data points Flipping poorly designed homes into massively profitable masterpieces  And So Much More! Links from the Show: BiggerPockets Forums BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene BiggerPockets Podcast 583: Building Your “Passive Income Blueprint” Using the Right Real Estate Agent w/ Johnny Hoang Redfin Airbnb Vrbo (formerly called HomeAway) Facebook Dave Meyer's Instagram Dave Meyer's BiggerPockets Profile David's BiggerPockets Profile David's Instagram David’s Youtube Channel Rob's Instagram Rob's YouTube Channel Rob’s Tiktok Connect with Jonathan: Jonathan’s Instagram Jonathan’s TikTok Jonathan’s YouTube Channel Jonathan’s Business Website: Streamlined Properties Zen and the Art of Real Estate Investing Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-584 Learn more about your ad choices. Visit megaphone.fm/adchoices

The signs of a bad real estate agent aren’t very clear if you’re a new investor. But, after trial and error and a lot of deals done, you’ll be able to weed out the basic agents from the rockstar realtors. If you’re brand new to real estate investing, there’s no need to sort through ten agents just to find out what makes the good ones great. Today, we’re giving you a shortcut as we pick the brain of one of the top real estate agents in the San Francisco Bay Area, and the country! Johnny Hoang just began his real estate agent journey only a short two years ago, but he’s been able to close on an astounding $67M in home sales despite having such a short time in the market. Even with things as hot as they are, that’s a very impressive number from any agent, let alone a rookie! Of course, it should come as no surprise that Johnny is a student of David Greene and works with David daily. In today’s show, David and co-host Rob Abasolo break down what it means to be a great real estate agent. They walk through different scenarios and situations with Johnny so you, the listeners, come away knowledgeable of the difference between an agent who will help you grow your portfolio and an agent who purely wants a commission check. In This Episode We Cover: How top agents prioritize clients and what you need to do to get to the top of the list The investor-client “kiss of death” and how to NOT talk to an experienced agent The seven signs of a bad agent and when to steer clear of an agent who’s all talk Finding the perfect investor-friendly agent that will diligently hunt down deals for you House hacking and using owner-occupied loans to slowly build your wealth What to expect (and not expect) your real estate agent to bring to the table And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder DavidGreene Team Keller Williams Realty Redfin Reddit Zillow David's BiggerPockets Profile David's Youtube Channel Rob's Tiktok Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-583 Learn more about your ad choices. Visit megaphone.fm/adchoices

Should I invest now or wait? How do I set up my children for financial success? What do top agents do to stand out in the market? These are all questions of real estate investors, agents, and onlookers who wait to see what’s next in the 2022 housing market. With so much uncertainty around us and an environment of intense competition, it can be a struggle to know what move is the right one or whether or not to sit out of the game entirely. Well, if you’re looking for a top agent, investor, and podcaster with a very shiny head, you’ve come to the right place. David Greene is back with another fan-favorite episode of the Seeing Greene series as he takes questions directly from BiggerPockets listeners and commenters on YouTube. In this week’s seeing Greene, you’ll hear David go granular into commonly asked questions and topics like: how to finance a rental without W2 income, what to do when a home is zoned incorrectly, investing in expensive markets like Hawaii, asset protection for real estate investors, and why cash flow isn’t the most important metric when house hacking. Want to ask David a question? Submit your video here!  In This Episode We Cover: The exact way David provides value to his residential and investor clients Buying your child a rental property and the logistics that go with it What to do with a rental property that was zoned incorrectly  Investing in vacation rental markets like Hawaii and why they’re different than regular markets Whether to invest now or wait until the market has more cash-flowing deals The best way to protect your assets as a new real estate investor Why house hacking is the best way to get your start in real estate investing (even in expensive markets) And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Rent Estimator BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore Submit Your Questions to David Greene BiggerPockets Podcast 569: Rich Dad’s CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off? BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow — BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate? BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties David Greene Team Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-582 Learn more about your ad choices. Visit megaphone.fm/adchoices

What do you think of when we say ADU (accessory dwelling unit)? If you’re like most homeowners, you probably think of a back house, a mother-in-law suite, or a converted art studio. But what if you don’t have a home that comes with a pre-fitted accessory dwelling unit? What if you don’t want to put in the money (or time) to build one out. Are you left with any options, or are your ADU dreams dead in the dust? If you’ve wanted to start building passive income streams through your primary residence, then we’ve got good news for you. With us today is Derek Sherrell, also known as “That ADU Guy”, precisely because he is THE person you want to talk to when it comes to accessory dwelling units on your property. Derek knows his stuff, consulting dozens of homeowners on how an ADU would fit into their property and how much passive income they could make as a result. And it’s not just about building some other structure in your backyard. You can convert attics, basements, garages, and even portions of your house into accessory dwelling units. Not only does this allow you to save on the cost of new construction, but it also gives you another option to build wealth, pay down your mortgage, or simply profit from a rarely used portion of your home. In This Episode We Cover: The exact criteria homeowners should look for in potential ADU-friendly properties  Attached vs. detached ADUs and the benefits (and cash flow difference) of both The four main challenges when building, financing, or strategizing an ADU What to look for in existing ADU structures, whether it’s a garage, back house, or basement How to become an ADU expert quickly (and for free) with simple city zoning information And So Much More! Links from the Show: BiggerPockets Agent Finder BiggerPockets Forums Dave Ramsey website Warren Buffet Forbes profile Joe Asamoah's BiggerPockets profile GC Real Estate Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-581 Learn more about your ad choices. Visit megaphone.fm/adchoices

The word “foreclosure” is forever stained in the minds of almost every American who lived through the great recession. News stories in 2010 would talk about the slew of families that had been foreclosed on, with big banks taking back property from a significant number of former homeowners. Fast forward twelve years and many real estate investing fortunes have been made on the backs of foreclosure sales. Is this chance coming back once again in 2022? Joined with us today for this month’s BiggerNews is the David Greene and Dave Meyer duo plus special guest, Daren Blomquist, VP of Market Economics at Auction.com. Daren knows the foreclosure market inside and out, spending his days studying and analyzing housing market data. With the newest “surge” in foreclosures, Daren is here to quell the mind of investors who are either hoping for (or dreading) another foreclosure crisis. Back in early 2020, the US government imposed a foreclosure moratorium and a nationwide forbearance program, allowing citizens to hang on to their homes a little longer. As the economy shifts back into gear, and the moratorium ending, will we see a surge in foreclosures? Or, has price appreciation gifted so many homeowners with equity that foreclosures aren’t even on the horizon? Whatever the answer is, Daren can help you, the investor, plan for your next money-making move. In This Episode We Cover: Announcing who the new BiggerPockets Podcast host is! The mass migration of homebuyers out of their local metros and into new surroundings Zillow’s newest “SuperApp” that plans to replace realtors How the 2010 foreclosure crisis compares to today and what would bring a new wave of foreclosures Why foreclosures are up a whopping 97% as we head into 2022 Investing in foreclosures and how to score deals before they hit the market And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Real Estate Podcast on Apple Podcast Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder Redfin Data Uber Airbnb Zillow Black Knight, Inc. BiggerPockets Podcast 353: Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode Realtor.com Dave Meyer's Real Estate News Dave Meyer's Instagram David's Instagram Henry's Instagram Rob's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-580 Learn more about your ad choices. Visit megaphone.fm/adchoices

You can build wealth with short-term rental investing quite easily. All you need is a great location, a solid property, a good strategy, some phenomenal cleaners…wait maybe it isn't all that easy. But it’s certainly doable if you’re willing to put in the time, effort, and work to make your vacation rental stand out from the rest. This is exactly what investorsDavid Greene and Rob Abasolo are doing with their current partnership—buying luxury homes and turning them into once-in-a-lifetime getaways for wealthy vacationers. But maybe you’re not ready to drop a few million on a multifamily mansion. Even so, you can still make a phenomenal return in the short-term rental space, you just need to know how to do so. Back in episode 578, David and Rob walked through the first three steps in their short-term rental success strategy. Steps like finding a short-term rental market, choosing your location, and defining your strategy. In this part two episode, David and Rob walk through the more granular steps to getting your vacation rental up and running. Steps like what property type works best for which investors, understanding your timeline so you can build wealth while obtaining financial freedom, and divvying up work between you and your partners (or investors). Follow all five (six) steps in this episode, and you’ll be on your way to cashing in the profits from your vacation venture! In This Episode We Cover: The four main types of short-term rental properties and the benefits of each How to mitigate your investing fears so you and your partners can move with confidence Understanding not only your cash flow goals, but your long-term equity goals as well Laying out clear roles and responsibilities for each partner in the investment How to cautiously bring in outside investors on your vacation rental deals And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Rent Estimator BiggerPockets Forums BiggerPockets Talent Search BiggerPockets Rental Property Calculator BiggerPockets Pro Membership Airbnb BiggerPockets Events AirDNA Invest With David Greene BiggerPockets Podcast 578: The Secret Sauce Behind Short-Term Rental Success (Part 1) w/Rob Abasolo Robuilt YouTube Channel: This is exactly how much your property will make on Airbnb Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-show-579 Learn more about your ad choices. Visit megaphone.fm/adchoices

Short-term rentals have taken the world by storm. Over the past two decades, the bed and breakfast type business has fallen prey to the more scalable short-term rental model. Real estate investors quickly realized that they could capitalize on the long-term equity gain of rental properties with the cash flow of hotels in one highly-lucrative asset class. Thus, the rise of the short-term rental, VRBO, and Airbnb investor was born. Arguably the most notable short-term rental investor in the space today is good friend of the show, Rob Abasolo. Rob is such a pioneer in the short-term rental investing area, that veteran agent, broker, and investor David Greene, has partnered up with him to collectively build their cash-flowing, equity-increasing empire together. With dozens of deals under both of their belts, Rob and David walk through the five steps that it takes to find success in the short-term rental space. This episode is split up into two sections, with the latter coming out right after this one. In this show, Rob dives deep into finding a short-term rental market that fits your needs and goals, choosing a location that specifically benefits you as the investor, the different types of short-term rentals, and how to build a vacation rental strategy that will match your goals for financial independence. Whether you’re thinking of buying a snowy chateau or a desert domicile, Rob and David will help you put the pieces together so you can build a strong portfolio that will benefit you for decades to come. In This Episode We Cover: Choosing a short-term rental market and what aspects to look for Cash flow vs. appreciation and which matters more when it comes to STR investing The four types of short-term rental markets and which have the best chance of success Seasonality and factoring it into your revenue and profit calculations The risks of investing in vacation rental markets and how to scale your portfolio faster And So Much More! Links from the Show: BiggerPockets Forums BiggerPockets Youtube Channel Airbnb Brian Chesky's Linkedn profile Julian (San Diego, California) town profile Eureka Springs City (Arkansas) profile Waco City (Texas) profile Chip and Joanna Gaines HGTV profile Copperopolis Town (Calaveras County, California) profile AirDNA Destin City (Florida) profile Gatlinburg City (Tennessee) profile Great Smoky Mountains Zillow Redfin Robuilt YouTube Channel: HOW MUCH MONEY MY TINY HOUSES MAKE and why Airbnb is the best way to make passive income Robuilt YouTube Channel: This is exactly how much your property will make on Airbnb Check the full show notes here: https://biggerpockets.com/blog/biggerpockets-podcast-578 Learn more about your ad choices. Visit megaphone.fm/adchoices

Should you invest in multiple real estate markets? How can real estate investors lower their tax burden? And, how do you handle all the pressure and stress that comes with success? These are just a few of the questions that live listeners asked top real estate agent, investor, and BiggerPockets Podcast host, David Greene. As per usual, David uses this coaching call as a way to answer questions from rookies and experienced investors, without any preparation. You’ll get to hear firsthand how David answers questions like how to find your real estate tax expert, should you focus on one market or expand into multiple, what are the best real estate books to develop an “investor mindset”, and how do 1099 workers find financing? Regardless of the stage of real estate investing you’re in, all of these questions can help you develop your investing muscle so you can crush bigger deals and keep more of your hard-earned profit. Have you heard of a real estate investing topic that you want David to go into more detail about? Is there a specific question you want answered by an industry expert? If so, be sure to follow David on Instagram (@davidgreene24) to see whenever he goes live for a Q&A session. Or record your question and submit it here! In This Episode We Cover: Accelerated depreciation and using it to substantially lower your tax bill Finding a real-estate specific CPA that allows you to do more with your current portfolio The pros and cons of investing in different markets and the strategies for each Developing your investor mindset and having the courage to act when opportunities present themselves Dealing with the pressure and stress that comes with investing and leading teams How to finance real estate investments without having W2 income And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Calculators Submit your Question for an upcoming Seeing Greene episode! Biggerpockets Pro Membership David Greene's Real Estate Team BiggerPockets Ask your Questions Live BiggerPockets Podcast Biggerpockets Youtube Channel Brandon's BiggerPockets Profile The Dark Knight Rises BiggerPockets Money Podcast Blackstone Zillow David's One Brokerage BiggerPockets Real Estate Podcast on iTunes Check the full show notes here: https://biggerpockets.com/show577 Learn more about your ad choices. Visit megaphone.fm/adchoices

The short-term rental market seems to get bigger and bigger every day. This should come as no surprise, seeing that short-term rentals not only work for vacationers, traveling business people, or anyone else who wants a nice, unique place to stay. But, while the rest of the world is focusing on which mountainside chateau they’re booking for their weekend getaway, real estate investors worldwide are figuring out how they can buy, rehab, furnish, and profit from these vacation rental ventures. With so much competition in the market, it begs the question: is the short-term rental space becoming oversaturated?And, if it is, how can investors get on the ground floor of sleepy markets that will explode in popularity over the next decade or so? Of course, with questions like these, we need our short-term rental and wave-hair-styling expert, Rob Abasolo at the side of Sir BRRRR himself, David Greene. In this Q&A episode, David and Rob will discuss a handful of topics, mostly centered around short-term and vacation rentals. Topics like: how to mix a long-term rental and short-term rental in one property, how to market outside of the top short-term rental platforms, can you convert a regular rental into a vacation rental, and the pros and cons of real estate partnerships. In This Episode We Cover: Buying mixed-use properties so you can combine long and short-term rental advantages Whether or not the short-term rental market is starting to see saturation How to adjust cleaning fees to optimize your booking rate Converting a long-term rental into a short-term rental (and the time it takes to do so) What to do when you can’t find comps (comparable rents) in your area? The pros and cons of real estate partnerships and what to do before you join forces And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Rent Estimator BiggerPockets Forums BiggerPockets Talent Search BiggerPockets Rental Property Calculator BiggerPockets Pro Membership Airbnb VRBO Airdna Rentalizer BiggerPockets Podcast 453: Live Q&A with Brandon and David: Risk, Partnerships, Inspiration and Opportunity of Real Estate Julian Gonda's Instagram Join us for our Q&A Shows and ask your question Invest With David Greene David Greene Team David’s Instagram David’s BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/show576 Learn more about your ad choices. Visit megaphone.fm/adchoices

Section 8 BRRRR investing seems like a niche within a niche. To start, you have your classic BRRRR strategy (buy, rehab, rent, refinance repeat), a method that many real estate investors have used to gain vast amounts of equity in short amounts of time. Then, on top of the BRRRR, you have section 8 rentals, which many investors stray away from. Both of these investment strategies can be thought of as “advanced” rental property investing methods, but combining them can almost automatically guarantee you phenomenal rent, for years (if not decades) to come. One investor known for his expertise in both section 8 rentals and BRRRR investing is Dr. Joe Asamoah. Regularly, Dr. Joe may be the smartest person in the room and he really shines when speaking about the often forgotten benefits of section 8 rentals. While many investors simply think of D-class houses and D-class tenants when accepting section 8 vouchers, Dr. Joe disagrees. His theory is simple—Find C or D-class properties in B-class neighborhoods, and rent to A-class section 8 tenants. The payoff? Very long-term tenants with guaranteed rent whose lives you can benefit directly. And Dr. Joe isn't just hypothesizing about this—he’s been doing this for decades and may be why he has tenants who have stayed with him for over twenty years, paying rent every month, on time. In This Episode We Cover: Before and after photos of Dr. Joe’s most recent section 8 BRRRR rental Renovation hiccups when doing large renovations/BRRRR deals The “bedroom-to-cash-flow” ratio that makes section 8 a lucrative choice for investors How to find the highest quality, long-term tenants in your investing area Building multiple exit strategies out of one property for maximum cash flow and equity gain The most common BRRRR risks and how to mitigate appraisal and tenant headaches And So Much More! Links from the Show: BiggerPockets YouTube Channel BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah BiggerPockets Podcast 498: Real Deal: BRRRR Deep Dive w/ Joe Asamoah (Pt 1) Zillow Craigslist AffordableHousing.com (formerly GoSection8.com) David Greene's Instagram David David Greene Real Estate YouTube Channel Robert Abasolo's Instagram Robert Abasolo's Robuilt YouTube Channel Robert Abasolo's TikTok Check the full show notes here: https://biggerpockets.com/show575 Learn more about your ad choices. Visit megaphone.fm/adchoices

If a housing bubble is on the horizon, how best do real estate investors prepare for the massive hit they’re about to take? With so much money flowing throughout the economy, home prices hitting record highs, and competition staying fierce, what can the average investor do to stock up so when a housing market crash does happen, they’re ready to make big moves? David Greene, may have an answer. Although many people see David as a real estate fortune teller, he, unfortunately does not bring his crystal ball (unless you count his shiny bald head) onto today’s coaching call episode. Lucky for us, he does bring over a decade worth of knowledge from investing in many different phases of the real estate cycle. David is thrown questions from live guests today, without any preparation or information besides his own knowledge. Topics on today’s show range from when to buy a primary residence vs. buying a rental property, outsourcing your tasks so you can grow your portfolio, what will happen when interest rates rise this year, housing bubble indicators, and finding honest contractors. If you’re looking to invest in real estate, whether this year or within the next decade, David’s thoughts on surviving and thriving in a housing crash could make you much, much wealthier! In This Episode We Cover: Whether to pay rent and buy a rental property or buy your first primary residence  Bridge loans and raising private capital from investors in your network Enforcing the principles of Who Not How to grow your business faster and smarter Avoiding the housing market hysteria that many investors are facing today The leading indicators of a housing market crash (and how to see them before others do) How to avoid untrustworthy contractors and keep the quality ones around And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Calculators Submit your Question for an upcoming Seeing Greene episode! Biggerpockets Pro Membership David Greene's Real Estate Team Henry Washington's BiggerPockets Profile BiggerPockets Ask your Questions Live BiggerPockets Podcast Warren Buffet Bitcoin Ethereum XRP Craiglist Check the full show notes here: https://biggerpockets.com/show574 Learn more about your ad choices. Visit megaphone.fm/adchoices

Financial freedom is the “why” behind almost everyone getting into real estate investing—but sometimes not for the right reason. We all want more time to spend with our families, doing things we love, and having autonomy over our own lives without having to worry about making money to live. This is all well and good for investors getting a delayed start on their investing journey, but what about the young investors, the ingenuitive investors, or those who could give so much more than they get? This is just one of the topics that your hosts David Greene and Henry Washington get into today, as they take live questions from BiggerPockets listeners without any prep, research, or outside factors coming into play. You’re getting a direct line into the mind of two of the best investors (and podcast hosts) around so you can see their struggles, landlording pains, and decisions behind their investing careers. In this show, we especially get into topics such as: building a real estate portfolio from scratch, non-QM loans and their big benefits for investors, when to stop buying rentals and focus on paying off your portfolio, finding off-market deals, and the classic cash flow vs. appreciation debate for long term wealth. This episode features both rookie investors and investors already seeing success through real estate. If you invest in real estate (or want to), this is the place to be! In This Episode We Cover: Investing locally vs. investing out-of-state to capitalize on lower housing costs Portfolio loans, non-QM loans, and other flexible financing for real estate investments When to stop buying rentals and pay off the ones you already own Whether or not to allow rental arbitrageurs to lease your rental properties Cash flow vs. appreciation and how this personally impacts your growth How to build relationships with commercial brokers so the deals come to you And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Rent Estimator BiggerPockets Forums BiggerPockets Talent Search BiggerPockets Podcast 366: 40 Doors in the First 2 Years with Henry Washington ListSource PropStream - Real Estate Investment Software Landglide DealMachine Airbnb David Greene Team David’s Instagram David’s BiggerPockets Profile Live Questions Click here to check the full show notes: https://www.biggerpockets.com/show573 Learn more about your ad choices. Visit megaphone.fm/adchoices

Do you need to be rich to buy a rental property? Arguably, no. In reality, you don’t need a lot of experience, know-how, or cash on hand to buy your first income property. But, you need to at least be resourceful, take advantage of your opportunities, and have the tenacity to follow through on your goals. If you have all those qualities, you may be a great real estate investor, or maybe you’re today’s guest, Erika Brown. Erika wasn’t raised by real estate investors. No, this was a skill she had to learn completely on her own. In fact, she learned the real estate sales skill without even knowing it! When Erika moved to a new neighborhood in the Atlanta, Georgia area, she was consistently convincing friends to buy properties around her home. She passed these leads along to a local real estate agent until she realized she was casually handing over six figures in commissions. So, she went ahead and got her real estate license, and later turned a pocket listing into her first real estate investment. From there, she saw a profitable path laid out, all she needed was the partners, lending, and work to actualize it. Now, Erika is sitting on a sizable real estate portfolio, building purposeful and profitable businesses so she can employ members of her community and lead the wealth generation movement in her circle! In This Episode We Cover: When part-time agents should make the jump to full-time work (and how to do it) Quitting the corporate lifestyle to take on more risk as a real estate investor Cashing out retirement accounts to fund your first (or next) deal Getting around common real estate roadblocks that lead rookie investors to fail Having a “purpose-first” business model so you can build wealth and upgrade your community Why every investor must “do what the wealthy do” to succeed in real estate And So Much More! Links from the Show: BiggerPockets Website BiggerPockets Podcast BiggerPockets Live Q&A BiggerPockets Conference BiggerPockets Forums TEDx Talks: How to Succeed at Doing Anything | David Greene | TEDxRoseville Airbnb MLS (Multiple Listing Service) The Last Dance - A docuseries that chronicles the rise of superstar Michael Jordan and the 1990s Chicago Bulls Peerspace Facebook Groups Check the full show notes here: https://www.biggerpockets.com/show572 Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate underwriting isn’t a commonly used term within the residential world. If you’re used to dealing with single-family homes, duplexes, triplexes, or quadplexes, you’ve probably done real estate underwriting to some degree, but you’ve called it “real estate analysis”. In both scenarios, investors are looking at what they’ll make on a deal, how much they need to invest, and what exit strategies they have. But, in a hot housing market, like we’re in today, by the time you analyze a deal, a deal may already be gone. You need a way to quickly sort deals into the “pursue” or “dump” piles, and Andrew Cushman, expert multifamily investor, may have just the solution for you. Andrew has been on the BiggerPockets podcast before and manages over 2,600 units, so he definitely knows what he’s talking about! Today, Andrew showcases the phase one underwriting he uses to decide quickly on deals, as well as the four levers to look at before even getting into underwriting. His system can save you hours, or even days, if you’re a full-time investor, and it helps rookie investors quickly analyze deals so they can get into the game. Now, residential owners can transition into commercial real estate with better scale and bigger profits. In This Episode We Cover: How Andrew scaled from zero to 2,600 units in only ten years The basic screening process that allows you to triage your deals and waste less time Four levers every investor should look at when analyzing a new deal The six factors of phase one multifamily underwriting and using it to unlock “home runs”  Developing and nurturing broker relationships so you can get off-market deals before your competition  And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman BiggerPockets Podcast 270: Turning Your Primary Residence Into 40 Units & Financial Independence with Amy Arata How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman Hal Elrod's Website BiggerPockets Calculators Submit your Question for an upcoming Seeing Greene episode! CoStar ESRI LoopNet Invest with David Greene David's Instagram Check the full show notes here: https://www.biggerpockets.com/show571 Learn more about your ad choices. Visit megaphone.fm/adchoices

Your rental portfolio can either be your ticket to financial freedom or a massive headache, but it’s completely up to you, the investor, to decide. Many investors who have been stacking up properties over the past few years now realize they’re sitting on a significant amount of equity. But what is the best way to use this equity without raising your stress levels in the process? Should you buy more units or focus on getting better, smaller, cash-flowing deals? David Greene is here to help alleviate you from the decision-induced stress, as he’s been dealing with these exact types of questions personally and with many of his buyers recently. In this Seeing Greene episode, David takes answers from BiggerPockets listeners both in video and written form, discussing topics ranging from scaling your real estate portfolio, outsourcing “heavy” tasks with a virtual assistant, and whether to cash-out refinance or use a HELOC(home equity line of credit). David also answers the age-old question of whether or not unit count matters when it comes to cash flow and long-term wealth building. You may be surprised to hear that many investors' “unit counts” don’t accurately reflect the size of their personal holdings. You’ll also get advice on how to find a great real estate agent from one of the top agents in the country! If you’d like to ask David a question, be sure to submit yours here! In This Episode We Cover: How to grow your real estate portfolio in spite of fluctuating market conditions Using virtual assistants to outsource the repeatable, “heavy” tasks on your plate When the right time to sell an investment property is (especially with HIGH appreciation) Transferring a rental property from your LLC into your personal name, and the implications that come with it The two types of agents and which one you should use for buying investment properties HELOCs vs cash-out refinances and the specific uses of both And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Rent Estimator BiggerPockets Forums BiggerPockets Rental Property Calculator BiggerPockets Pro Membership Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder Submit Your Questions to David Greene BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off? BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow — BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate? BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties David Greene Team Click here to check the full show notes: https://www.biggerpockets.com/show570 Learn more about your ad choices. Visit megaphone.fm/adchoices

If you’re asking your CPA how to not pay taxes, this may be the perfect episode for you. In fact, this episode is geared towards anyone making money in real estate, and listening could save you a massive amount in taxes over your lifetime. But isn’t tax reduction only for the ultra-rich? How can the average, everyday investor who has one, two, or a dozen rentals keep more of their capital so they can invest in more deals? Tom Wheelwright is the exact man to ask this question to. He’s so good at what he does, that he’s been advising Rich Dad Poor Dad’s Robert Kiyosaki for decades. Tom is dedicated to minimizing the tax burden that he and other investors suffer from. If you’ve read Rich Dad Poor Dad, a lot of Tom’s strategy will sound familiar, but in reality, it’s what all intelligent investors are doing. In today’s episode, Tom walks through the biggest areas where real estate investors can cut their tax bills, how to generate losses through depreciation, building an investment system, and the five steps to eliminating income tax from your real estate deals. If you make money in real estate, no matter how, this is information you can NOT live without. In This Episode We Cover: Why rich investors pay fewer taxes than those who are employed or self-employed Tax incentives vs. loopholes and why one is risky and the other is celebrated Where investors can look to greatly reduce their taxable income  How real estate debt gives investors far less risk in their deals Deprecation, recapture, and how real estate gives you a leg up on income tax reduction Whether or not you should hold a real estate investment in an LLC And So Much More! Links from the Show: BiggerPockets Website BiggerPockets Youtube Channel BiggerPockets Podcast BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming Amazon Airbnb Invest with David Greene The CASHFLOW GAME by Robert Kiyosaki The Real Estate Strategies Podcast with Ken McElroy: QUITTING Your 9-5 for Real Estate Investing (with BiggerPockets' David Greene) Ken McElroy's Official Website Robert Kiyosaki's Official Website Listen to the full episode: https://www.biggerpockets.com/show569 Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market is an evolving beast that almost no one can accurately map. With so many investors on opposite sides of the fence when it comes to housing market crashes and corrections, it’s nice to hear the thoughts of someone who has accurately predicted past crashes. We’re honored to have Ivy Zelman from Zelman & Associates on today to discuss the modern housing market, supply chain shortages, and overbuilding problems. Zelman accurately predicted the 2007 housing market crash and has been on the front line of analysis and forecasting when it comes to all things housing market-related. She’s seen the data firsthand and has a broad understanding of which factors specifically impact prices, demand, and overall availability. David Greene and Dave Meyer take some time to ask her the top-of-mind questions that investors and first-time homebuyers want answered. If you’re planning on purchasing real estate in the next year or two, it may be best to get Zelman’s opinion before putting in your offer. She’s seeing multiple “yellow flags” that may signal stark changes within the housing market, either allowing you to scoop up better deals in the near future or at least mitigate loss when buying at these record-high prices. In This Episode We Cover: The similarities between the 2007 housing market and today’s housing market Affordability and how it greatly impacts both buying and selling behavior The “overbuilding problem” we’re seeing with many multifamily developers Supply chain problems, labor shortages, and other factors impacting new construction Who should (and should not) buy real estate over the next couple of years And So Much More! Links from the Show BiggerPockets Jobs BiggerPockets Youtube Channel BiggerPockets Forums National Association of Realtors (NAR) Cradle to Grave by Zelman & Associates Zillow Listen to the full episode: https://www.biggerpockets.com/show568 Learn more about your ad choices. Visit megaphone.fm/adchoices

The 1% rule, HELOCs, BRRRRs, cash-out refinances, and cash flow are all topics on this episode of Seeing Greene. As always, you’ll be joined by our jiu-jitsu loving, metaphor-creating, top-tier agent and investor, David Greene as he takes questions submitted via video, on YouTube, and through the BiggerPockets forums. With so many new investors getting into real estate, there is no better time than now to sit down, relax, and get into the mind of an expert. If you’re a rookie figuring out how to get financing for your first real estate deal or a veteran investor debating cash flow vs. appreciation and the usability of the 1% rule, be sure to stick around. David touches on all these topics and more as he dives deep into some of the most asked questions around the real estate community. You’ll hear about out-of-state investing, the best real estate investment for cash flow, the implications of partnering with a romantic partner, ADUs (attached dwelling units), and how to get around the dreaded six-month seasoning period of cash-out refinances. If you’d like to ask David a question, be sure to submit yours here! In This Episode We Cover: Securing financing when you don’t have any deals under your belt Whether to use a cash-out refinance or HELOC (home equity line of credit) on your next BRRRR Whether or not triple net lease properties are worth investing in and the risks Why David changed his stance on cash flow vs. appreciation over the past few years Whether or not the 1% rule is still viable for modern real estate investors How to get around the six-month seasoning period of refinances  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Rent Estimator BiggerPockets Forums BiggerPockets Talent Search BiggerPockets Rental Property Calculator BiggerPockets Pro Membership Submit Your Questions to David Greene BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off? BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow — BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate? David Greene Team Click here to check the full show notes: https://www.biggerpockets.com/show567 Learn more about your ad choices. Visit megaphone.fm/adchoices

How many rental properties do you own? It could be one or one hundred rentals. But, whether you’re a rookie or veteran real estate investor, it’s hard to not be impressed by Jason Rash’s story. Jason has put off investing in real estate for most of his working life, focusing more on passive income streams like investing in stocks. This all changed when Jason saw tens of thousands in stock value disappear from his accounts. He wanted something more reliable, stable, and calculated that he could control. Of course, real estate investing fits that criteria exactly. So what did Jason do? Did he go and buy one rental, wait a few years, and then try to buy another? Nope. Jason went and bought ten properties over the span of eight months. That more than one property a month within his first year of investing! Be warned, there is a method to this madness. Jason has a tight control on his long-distance investing, having only the best agents, property managers, plumbers, electricians, and contractors on speed dial. This wasn’t a system he fell into, this was a system he intentionally built. Jason shares his six-part criteria that any new investor can use, especially when trying to minimize headaches and maximize cash flow. In This Episode We Cover: The huge competitive advantage of having local knowledge and a core four Lowering your property management fee while creating a win-win for both parties Seller credits and using them to finance house repairs and upgrades Fighting off “shiny object syndrome” so you can stay focused on your goal Jason’s six-step criteria to buy headache-free houses when investing from a distance Building a scalable, repeatable, simple system for finding, funding, and closing on great deals And So Much More! Links from the Show: BPCON2021 Zillow TEDx Talks: How to Succeed at Doing Anything | David Greene | TEDxRoseville Airbnb BiggerPockets Website David Greenes's Instagram Grant Cardone's Website Check the full show notes here: https://www.biggerpockets.com/show566 Learn more about your ad choices. Visit megaphone.fm/adchoices

Analysis paralysis is always lurking. Even the most experienced investors feel it before they pull the trigger on a new deal, business, or strategy. It’s not to say that careful consideration of an investment isn’t a crucial requirement to success, but the mental stuttering we feel when trying to make a decision can leave us in a foggy stupor. When we feel like this, we do fewer deals, build less wealth, and live our lives half full. Kindra Hall, bestselling author, master storyteller, and real estate investor knows this feeling all too well. She watched her husband struggle with analysis paralysis during the mass foreclosures of the great recession. Thankfully, she and her husband took the time to catch, analyze, choose, and install a better outlook, or story, for their investing future. This type of mental mechanism allowed Kindra and her husband to grow their real estate holdings and buy the beach house of their dreams. In today’s episode, Kindra outlines the four steps every investor needs to go through to create better mental stories that will push you to the finish line, instead of keeping you in investing anxiety. If you’re still waiting to purchase your first investment property, we recommend taking this advice to heart, trying it out, and taking action! In This Episode We Cover: The stories we outwardly and inwardly tell ourselves that could hurt our success How to crush hesitation so you can make the right decision faster Shrinking limiting beliefs about what we can and can’t do The four-step process to redesigning your story and installing a new one How Kindra got a $1M+ beach house for well under asking price And So Much More! Links from the Show BiggerPockets Jobs BiggerPockets Youtube Channel BiggerPockets Forums Airbnb Holmes on Homes (TV Series) Craigslist Amazon Barnes and Noble Robert's Youtube Channel Robert's Instagram Robert's TikTok David's Instagram Seth Godin's Website Check the full show notes here: https://www.biggerpockets.com/show565 Learn more about your ad choices. Visit megaphone.fm/adchoices

Bad tenants? Funding hiccups? Scaling too fast? These are just some of the problems real estate investors have to deal with every day. What’s the prize for all this work? Financial freedom, personal fulfillment, and the time to do what you want, with who you want, wherever you want! It’s no surprise that real estate investing is one of the best ways for the average person to build wealth. But what do you do when things go wrong? Expert investor, agent, lender, and podcast host, David Greene, is joined by short-term rental pioneer and YouTube personality, Rob Abasolo, to answer questions from rookie and veteran investors. These questions are thrown at our experienced hosts without any prep, allowing them to come up with quick solutions that could answer a question you’ve been wishing someone would ask. David and Rob touch on topics that almost every investor will deal with, such as: how to take on private money for the first time, creative ways to fund your rehab, tips for setting up a short-term rental, when to quit your job and pursue real estate full-time, and how to get rid of headache tenants.  In This Episode We Cover: Should you own real estate in an LLC or in your personal name? How to legally (and ethically) raise private capital for real estate deals The best ways to fund a rehab, especially when you’re low on cash The biggest mistake that short-term rental hosts make when setting up their first rental Valuing your time vs. money and when to quit your W2 Inheriting tenants and what to do when renters won’t pay on time (or at all) And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Rent Estimator BiggerPockets Forums BiggerPockets Talent Search BiggerPockets Rental Property Calculator BiggerPockets Pro Membership Submit Your Questions to David Greene David Greene Team David’s Instagram David’s BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/show564 Learn more about your ad choices. Visit megaphone.fm/adchoices

Long-distance investing may sound like an impossible feat to achieve for many investors. What if something goes wrong in the house? What if something needs fixing? What if there are problems with tenants? As today’s guest Sarah Weaver puts it, “do nothing”, your core four can handle it all so you don’t have to stress. Sarah knows what she’s talking about—she’s been a nomadic landlord for years now, teaching agents and investors how to grow their businesses while living their dream life. Sarah was able to close on twelve units while operating abroad and working remotely. She was buying fourplexes while hiking in New Zealand, landlording while on the beaches of Bali, and growing her businesses while enjoying everything South America had to offer. Sarah embodies the exact type of life so many investors are looking for. The difference between most investors and Sarah? She let go of fear and kept her goals in mind, no matter what she was doing. This way, she’s been able to retire off of fifteen rental properties in less than a decade while running her own business, traveling, and really doing whatever she wants! In This Episode We Cover: Really long-distance investing and how your boots on the ground team make it possible How to find an investor-friendly agent that will provide big value to your business What agents need to know before they start working with real estate investors  Having a crystal clear criteria and using it easily find real estate deals Medium-term rentals that provide less risk and more rent than long-term rentals The long-distance BRRRR and using it to invest in affordable areas Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder And So Much More! Links from the Show: BiggerPockets Website BiggerPockets Forums Keller Williams Website Airbnb VRBO Facebook Marketplace Furnished Finder Aria Design Services Hospitable (formerly Smartbnb) Personal Capital AirDNA BPCON2021 How to Use the DISC Profile to Communicate Effectively in Business , an article by David Greene Robert Abasolo's Instagram Robert Abasolo's TikTok David Greene's Instagram Craig Curelop's BiggerPockets Profile Matt Faircloth’s BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/show563 Learn more about your ad choices. Visit megaphone.fm/adchoices

“How to invest in real estate?” is a commonly searched-for term across the internet. With home prices continuing to climb and inventory staying low, more people want to know how it’s possible to buy real estate in turbulent times like 2022. It’s no surprise there’s been an uptick in investors—real estate offers consistent, reliable returns, paired with big tax benefits and the ability to scale with ease. But don’t you worry, we’re not going to make you go through all the trips and stumbles uneducated investors have to face. David Greene, host of the BiggerPockets Real Estate Podcast, has made these mistakes for you, so you can achieve financial freedom faster and with less stress. David shares eleven powerful tips that you can use to make 2022 your best investing year yet! He also provides examples from his own investing career on what you should (and should not) do when getting your footing in the investing world. If you pair this information with daily consistent action, you’re in for a phenomenal 2022 (and beyond)! In This Episode We Cover: Eleven powerful tips to make 2022 the best investing year ever Why new year’s resolutions don’t always work, plus a better way to set goals The three keys to success in real estate, life, and business Building out your LAPS funnel so you always have deals coming in  The best real estate investing tools that you should take advantage of A special discount off BiggerPockets Pro just for listeners of this episode And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums David Greene Team Biggerpockets Pro Upgrade (Code: REPOD1) BiggerPockets Pro Exclusive Videos Hustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene BiggerPockets Store Webinar Slides Webinar Workbook Real Estate Investing Bootcamps BiggerPockets's Instagram BiggerPockets Investment Calculators Foreclosure.com AirDNA Airbnb Email: support@biggerpockets.com (for refund) Check the full show notes here: https://www.biggerpockets.com/show562 Learn more about your ad choices. Visit megaphone.fm/adchoices

House hacking, renting by the room, co-living, boarding houses? These are all things that author, investor, real estate agent, and expert hacker of houses, Craig Curelop, is used to. Craig got his start in real estate investing by renting out rooms in his own home, having his roommates pay his mortgage for him, and eventually skating on to financial freedom. Craig is joined by another familiar expert house hacker and real estate investor, David Greene, to answer questions around lending, leases, and the legality of raising private money. With so many new real estate rookies in the investing sphere, this episode is a great intro for anyone who’s looking to plan, start, or scale their next real estate investment. Craig and David fire from the hip in this episode, answering questions live with topics ranging from scaling your business while keeping your free time, refinancing on a shared boarding house, raising private capital (equity vs. debt), what to expect when you house hack, and how to rent out your home in the snowy winter. In This Episode We Cover: Establishing your “beachhead” as an investor, business owner, or real estate agent Strategizing your refinance when your home is less than conventional How much interest to promise investors and when to raise capital  Planning your house hack purchase and setting up your home for multiple roommates Precautions to take when renting out your home in the winter And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Rent Estimator BiggerPockets Forums BiggerPockets Talent Search BiggerPockets Rental Property Calculator BiggerPockets Pro Membership Submit Your Questions to David Greene David Greene Team David’s Instagram David’s BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/show561 Learn more about your ad choices. Visit megaphone.fm/adchoices

Co-living (coliving) may sound a bit scary at first to a landlord. You have a bunch of young professionals living under one roof. What if there is an argument over cleaning, what if there is a fight that breaks out, will my property be ripped to shreds? Let today’s guest, Sam Wegert, quell your fears—co-living and house hacking can rake in cash flow, with way less of a landlord headache. Sam is no stranger to entrepreneurship and real estate investing. He bought his own martial art studio at the age of fifteen and his first rental property at nineteen years old. Now he boasts a portfolio of over twenty-two long-term rentals, ten short-term rentals, seven martial arts studios, and one online program. Even more impressive, Sam is managing over 150 different tenants throughout his thirty-two properties. How does he do this without ripping his hair out? Well, aside from the relaxation that comes after an intense sparring match, Sam has systematized his real estate business into a cash-producing machine. He has had to build his own property management and his own policies that help keep him, and his tenants, happy. If you’re looking for your next cash cow rental investment, this could be it!  In This Episode We Cover: Starting a business and buying property at an impressively young age House hacking and why every young investor should try it Keeping the peace in a co-living house and building a bullet-proof lease  What to look for when buying co-living properties (size, bedrooms, bathrooms, etc.) The systems Sam uses to keep his rental property business running smoothly Developing discipline to take on bigger, scarier challenges (and crush them!) And So Much More! Links from the Show: BiggerPocket's The Ultimate Beginner's Guide to Real Estate Investing BiggerPockets Youtube Channel Craigslist Facebook BiggerPockets Youtube: BRRRR and Rent by the Room: Retire from Real Estate with few properties with Ron Gallagher GoBundance PadSplit Apartments.com Salesmate Zillow MLS (Multiple Listing Service) BiggerPockets Podcast 392: $12,500 per Month in ‘Pure Cash Flow’ With Todd Baldwin BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn The Tony Robbins Podcast Craig Curelop's Instagram Craig Curelop's Tiktok David Greene's Instagram Connect with Sam: Life Door Rentals Website UpLevel Martial Arts Website Sam's Facebook Profile Sam's Instagram Sam's Coliving Course Sam's Facebook Page Check the full show notes here: https://www.biggerpockets.com/show560 Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate CRMs (customer relationship management) aren’t the most exciting things to talk about…that is until you look at the results they help build. Before building her own CRM, Stephanie Betters was struggling to grow her real estate portfolio. She had an original goal to acquire fifteen units before her children went to college, but realized that her taxing job as a nurse wouldn’t allow it. For her to hit fifteen units, she would have to scale, automate, and delegate tasks. She did just that and overshot her goal by a significant margin. As of now, Stephanie has 1,000 rental units and is wholesaling and building another 200 deals per year. She’s doing all of this while working as a part-time nurse, which truly shows her real estate system is a well-oiled machine. But, this system wasn’t just dropped into her lap, she had to build it herself using Salesforce as a base. If you’ve been thinking about scaling your business, no matter what stage you’re at, Stephanie has recommendations for how to do so in the best way possible. This includes systems for the novice investor/house hacker up to the streamlined syndicator and everything in between. In This Episode We Cover: Incorporating “real estate tech” at each stage of your investing journey Using CRMs like salesforce to automate your entire business Hiring, training, and leading a team of virtual assistants (foreign and domestic) “Lead leakage” and how it could be costing you thousands every month The three most important KPIs every investor should be tracking Text, email, and other outreach-type automations that will save you time And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Business Podcast Zillow Google Sheets Zapier David Greene Team Podio Asana BiggerPockets Business Podcast 80: Turning Problems Into New Income Streams With Stephanie Betters Salesforce DocuSign Slack Redfin BiggerPockets Calculators Realtor.com Left Main Blinkist Craig's BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/show559 Learn more about your ad choices. Visit megaphone.fm/adchoices

Cash flow is arguably the most important metric in real estate investing…that is if you’re talking to novice investors. Expert investors, like David Greene, know that cash flow is but one of many factors to consider when buying a rental property, and it’s arguably the least important. While rookie investors focus on building their cash flow, veterans focus on building their wealth while freeing up their time. On this week’s episode of Seeing Greene, your jiu-jitsu and real estate sensei is back to drop some wealth-building bombs so you can work less, live more, and lead a happier life. David takes questions in the form of video submissions as well as questions off of the BiggerPockets forums. The topics of these questions range from HELOC (home equity lines of credit), buying rentals without a W2, cash flow vs. appreciation, and why rent appreciation isn’t matching home appreciation. Want to ask David a question? Send in your video submission here! In This Episode We Cover: When to use HELOCs, hard money loans, or conventional loans to buy rentals How to find financing for a rental when you don’t have W2 income What sellers look for when deciding on which offer to take How to lower your DTI (debt-to-income) ratio so you can qualify for more loans Whether or not to focus on cash flow or appreciation for long-term wealth building Why rent growth cannot and will not match home price appreciation And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Rent Estimator BiggerPockets Forums BiggerPockets Talent Search Submit Your Questions to David Greene David Greene Team BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off? BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow — BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions Click here to check the full show notes: https://www.biggerpockets.com/show558 Learn more about your ad choices. Visit megaphone.fm/adchoices

Raising capital for real estate investing is a far more useful skill than most people realize. If you have a strong knack for networking and the social skills to connect with many different individuals, you could be the exact piece that almost every investor is looking for. As more investors get into the hot commercial real estate market, they’ll need private capital to fund their deals. So who better than you to connect the investor and the deal finder for a piece of the cash flow pie? If you’re worried about the time commitment of raising capital, let us introduce you to Esther Reizes-Lowenbein, who not only worked as a broker, capital raiser, and investor but also is raising her eight children while doing it. Fortunately for Esther, raising capital is something she loves to do, as she has a strong communication background with her former training in speech pathology. If you’re getting the itch to start investing in bigger deals, but don’t know how to get started, Esther can help. She walks through the different roles in commercial real estate, whether to invest, syndicate, or stick with small deals, and how to become a capital raiser yourself (the right, legal way). In This Episode We Cover: General partners, limited partners, and every commercial real estate role in between Whether to invest, syndicate, or continue to buy small deals yourself How to legally (and ethically) become a great capital raiser The biggest mistakes commercial brokers make early into their career The hottest property types and which you should look into for 2022 The Achilles heel of most short-term rental deals  And So Much More! Links from the Show: BiggerPockets Forums BiggerPockets Podcast 518: The Biggest Takeaways from BPCon 2021 | Live Host Panel from NOLA BiggerPockets Podcast 366: 40 Doors in the First 2 Years with Henry Washington BPCON2021 - New Orleans Airbnb Henry Washington's Instagram David Greene's Instagram Check the full show notes here: https://biggerpockets.com/show557 Learn more about your ad choices. Visit megaphone.fm/adchoices

If you’re rehabbing a rental, performing a BRRRR, building an ADU, or even getting into new construction, now is a challenging time for you. With supply chain problems, limited materials, and all-time high housing prices, contractors are in low supply. Even when you do schedule a project, the likelihood of your contractors showing up on time can be slim at best. David Greene is back with another round of coaching calls to give his take on this current contractor crisis, as well as answer questions on the BRRRR strategy, the turnkey rental method, going over budget, and how to stay focused when investing. If you’ve struggled at all with anything related to calculating rehab budgets, liens on properties, and managing contractors yourself, be sure to write down David’s suggestions. Have a question about real estate investing you want to ask David? Want to help other investors in your position? Submit your question here!  In This Episode We Cover: Whether or not the turnkey rental model is built to scale your portfolio Why capital is crucial when investing in real estate over the long-term Breaking down the BRRRR strategy and walking through the more difficult steps What to do if your rehab job goes over budget (and how to make it a win!) Backing out of a contract when a lien has been placed against a home Where (and how) to find reasonable, timely, and available contractors  And So Much More! Links from the Show BiggerPockets Forums Submit Your Questions to David Open Door Capital BiggerPockets Facebook Group David Greene Team Real Estate Rookie Podcast BiggerPockets Youtube Channel David's Instagram Check the full show notes here: https://biggerpockets.com/show556 Learn more about your ad choices. Visit megaphone.fm/adchoices

If you’ve got real estate investing questions, David Greene and Henry Washington have answers. These two real estate investors have been through the good times and the bad times, dealing with dozens of tenants, plenty of 2 AM maintenance calls, and all the fun that comes along the way. Today, they open up their minds to help share answers to some of the most asked real estate questions. These questions were taken directly from real estate investors, just like you! You’ll get to hear exactly how David and Henry answer tough questions like these, on the spot, with no preparation. If you’ve been itching to ask a question to a high-level investor like David or Henry, stick around, as they might answer your question on today’s episode! Want to ask a question next time? Submit yours at biggerpockets.com/david!  In This Episode We Cover: How to buy properties in an expensive market (and still cash flow!) Whether or not you should convince a seller to owner-finance you a deal Saving up down payments vs. using HELOCs (home equity lines of credit) to purchase your deals When the right time to jump into real estate is (and how much you should have saved) Whether or not you should buy a house that’s on a septic tank How to finance more properties when you’ve personally maxed out your DTI (debt-to-income ratio) And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Rent Estimator BiggerPockets Forums BiggerPockets Talent Search Submit Your Questions to David Greene David Greene Team David’s Instagram David’s BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/show555 Learn more about your ad choices. Visit megaphone.fm/adchoices

Profitable on-market properties are all around you, you just need to take the time to look. Oh, we hear what you’re saying, “all those on-market properties are bad deals!” While not all properties sitting on the MLS are home runs, today’s guest Cody Davis can confirm there are multiple cash flowing needles in the public housing market haystack. Cody and his partner have been able to grow their portfolio to eighty-one units, all through seller financing and all found on-market. These deals not only cash flow but once paid off will allow Cody to retire not only himself but his mother as well. Did we mention that he’s twenty-one years old at the time of this recording? Another under-thirty-expert to add to our list of impressive guests! While many investors give up after initial pushback over seller financing, Cody goes one step further by having the investor emotionally invest in his success. No tacky sales methods or pushy conversations—just honest work with a clear vision that a seller can relate to. Cody is top of his class in terms of managing properties, acquiring new ones, and working with sellers—a guest ANY investor can learn a lot from! In This Episode We Cover: Picking yourself up after a deal falls apart and finding another “Relationship marketing” and how it helps sellers finance your acquisitions Raising private capital and being sure your cash flow outweighs your debt Having a crystal clear vision and using it to fuel all your acquisitions Managing a property in-house vs. hiring a third-party property manager  Why cap rate may be an over-hyped, often useless metric when looking at commercial real estate Finding real estate deals on-market when there are “no deals to be found” And So Much More! Links from the Show: BiggerPockets Youtube Channel BiggerPockets Rent Estimator BiggerPockets Forums MLS (Multiple Listing Service) Website LoopNet The Office (TV show) The Office Parkour in YouTube AppFolio Property Management Tiktok Click here to check the full show notes: https://www.biggerpockets.com/show554 Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s the new year, and that means it’s time for 2022 housing market predictions! Recently, Redfin compiled a list of their ten top 2022 housing market predictions ranging from things like interest rate bumps, to rent hikes, housing price cooldowns, and more. But, are these predictions realistic, and if so, how should investors prepare for them to come true? David Greene and Dave Meyer are back again to take a look at five of these ten predictions and give their informed, battle-tested opinions on which have the potential to come true. Dave has spent probably every day of the past year looking at housing market data and investing himself. David on the other hand has been running multiple businesses in the real estate vertical, allowing him to see directly what is happening in the market. With the Dave-duo back in the podcasting saddle, you’ll be able to make wiser investment decisions this year while following the “pendulum swing” of wealth-building in real estate! Have a happy, healthy, and wealthy 2022! In This Episode We Cover: What happens when interest rates start to rise in 2022? Will new listings hit a 10-year high as housing demand stays steady? What will rent hikes look like as inflation roars onward? Whether or not investing in condos could be the underrated real estate play of the decade Investing in the metaverse and buying virtual real estate Hedging inflation by making smart, informed real estate purchases And So Much More! Links from the Show BiggerPockets Forums Redfin Submit Your Questions to David Dave Ramsey's Website BiggerPockets Podcast on Apple The Big Short Minecraft Second Life Decentraland Sandbox Email Us: podcast@biggerpockets.com David's Instagram Check the full show notes here: https://www.biggerpockets.com/show553 Learn more about your ad choices. Visit megaphone.fm/adchoices

2022 goals are coming upon us. If you haven’t done so already, it may be a great time to sit down alone, with your partner, or with other fellow investors to come up with a rock-solid game plan for this next year. We all want toacquire more units, see higher appreciation, and rake in more cash flow, but without a system and plan to catapult momentum, it’ll be hard to achieve what we dream of. That’s why David Greene, your new head host of the BiggerPockets Podcast, is here to help you build smart, scalable, accomplishable goals so you can crush 2022 and beyond. David also invites fellow investors, business owners, and entrepreneurs onto the show to have a live Q&A about running a business, cash flow vs. appreciation, developing an investor mindset, dealing with past goals you haven’t accomplished, and accelerating your portfolio growth. In This Episode We Cover: David’s 2022 investing, business, and personal growth goals How to not get bogged down in the day-to-day of your business Keeping up the momentum throughout the year and celebrating small wins Where to invest if you’re looking for long-term cash flow What to do if you don’t hit your goals in 2022? How to grow your portfolio and build capital to tackle more deals And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Talent Search Submit Your Questions to David Greene David Greene Team Click here to check the full show notes: https://www.biggerpockets.com/show552   Learn more about your ad choices. Visit megaphone.fm/adchoices

Brandon Turner has been an essential part of the real estate investing community for almost a decade. Some could say that he is THE person most thought of when you say “real estate investing”. But, in a both sad and happy way, Brandon is taking time off from the BiggerPockets Podcast to spend more time with his family, build his business, and surf significantly more. Due to the magnitude of the occasion, we brought in BiggerPockets’ founder, Joshua Dorkin, to help hand off the keys to the castle to your new show host, David Greene. Brandon, David, and Josh spend this show talking about burnout, identity, the cost of comparison, wealth building, new year's resolutions and goals, and how to become a better person, bit by bit, every day. We will miss hearing Brandon’s metaphors, jiu-jitsu references, and real estate horror stories from years ago, but we wish him the best of luck on his new ventures and hope to hear him back on the podcast soon with an update. For everyone but Brandon, stick around for new show formats with brand new co-hosts and content that you, the BiggerPockets community, have been asking for. In This Episode We Cover: Why burnout can be dangerous and often deceiving on your journey to success Separating your identity from your occupation and being more than just an investor The cost of comparison and why being content is the ultimate sign of success The “Wheel Of Life” practice to help you analyze where you are lacking 2022 goal setting and resolutions, and whether or not they work Advice on podcasting and taking the reins from Brandon Turner and Joshua Dorkin And So Much More! Links from the Show: BiggerPockets 2022 Wheel of Life BPCON 2021 Hustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene BiggerPockets Podcast 421: Family Over Everything: How Life Forced BP Founder Joshua Dorkin to Reevaluate His Choices BiggerPockets Podcast 092: No (and Low) Money Down Real Estate Investing with Brandon Turner BiggerPockets Bookstore Zillow Tiktok Uber Open Door Capital Derek Sivers' Website The 'Birds Aren't Real' Conspiracy Movement GoBundance Live with Kelly and Ryan Check the full show notes here: https://www.biggerpockets.com/show551 Learn more about your ad choices. Visit megaphone.fm/adchoices

Tommy Christy has bought more homes than most investors you know combined. While he didn’t have to put up his own money to close on the deals, he did go through the process of lead generating, offering, auctioning, analyzing, and finally closing on them for his hedge fund employer. He was able to score twenty-seven hundred homes in just over two years, before realizing it was time for him to build his personal portfolio a bit more. When the market crashed in 2009, Tommy saw an opportunity to buy homes at a significant discount. He was essentially buying anything under sixty thousand dollars in California, which turned out to be a good idea seeing how much the state has appreciated in the past twelve years. Tommy knows what it takes for the hedge funds to buy a great deal, but he also knows what they’re overlooking. Even if you’re not planning on buying two-thousand plus units in two years, Tommy’s knowledge of “buy boxes” and systematizing your lead flow can help you reach a significant unit count, much faster. If you want to partner up on a deal, have a chat, or wholesale a home, get in touch with Tommy at tommy@ilovehouses.com! In This Episode We Cover: REOs vs. foreclosures vs. pre-foreclosures (and which you should look out for) Creative financing and understanding which type falls into which market cycle Developing your “buy box” and “crystal clear criteria” for real estate deals Thinking like a hedge fund so you can beat them at their own game How to scale your portfolio so you don’t just have more units, but less work Where to find the best lead sources so you can buy, BRRRR, or wholesale as you see fit And So Much More! Links from the Show BiggerPockets Forums GoBundance Zillow David Greene's Company BiggerPockets Show 551 with Josh Dorkin Wells Fargo Property Radar BiggerPockets Youtube Channel BiggerPockets Podcast 527: 300 Doors, 100% Creative Financing with Pace Morby Sacramento Bee Invitation Homes Zillow Open Door Capital BiggerPockets Podcast 543: 5 Tools To Unlock Your “Ideal Life” w/ “Traction” Author Gino Wickman Josh Dorkin BiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui Jeff Brown's BiggerPockets Profile Supermarket Sweep Check the full show notes here: https://www.biggerpockets.com/show550  Learn more about your ad choices. Visit megaphone.fm/adchoices

Maria Friström is an investor, designer, mother, and business owner from Finland, and she’s one of the only few people that can match Brandon Turner in height. Maria was working in Silicon Valley before she voluntarily left her position to build an empire of her own. She took her down payment savings for a primary residence and on a whim bought a rental property in Fort Collins, Colorado. She and her husband then decided to move to Finland to raise their children. Through some challenging life events, Maria was left heartbroken and grief-stricken, with a business that became a full-time job for her. She wanted to express her creativity via design, so they decided to move back to America to flip their first rental property in Colorado. Maria’s inspiring story is a testament to how real estate investing can pull you out of financial, emotional, and mental depths. She has built a real estate empire worth well over two million dollars and has the financial freedom to spend time where she wants, with who she wants, doing what she wants. In This Episode We Cover: How to build your real estate portfolio without building yourself a job Using real estate as a hedge against high taxes  Presenting investment opportunities in a professional, efficient way Healing after heartbreak and using your passions to bring you mental clarity  The 4 keys to raising capital for real estate investing (whether it be banks, private money, etc.) Why you should always be willing to eat the shiz sandwich  And So Much More! Links from the Show BPCON2021 BiggerPockets Real Estate Podcast BiggerPockets Talent Search BiggerPockets on Audible BiggerPockets on Twitter BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Pro Membership Brandon Turner’s Instagram David Greene’s Instagram Open Door Capital BiggerPockets Podcast 485: Atomic Habits That Help You Achieve Unthinkable Success w/ NYT Best Selling Author James Clear How to Retire Early With Real Estate & Do What Matters More with Chad Carson How to Use the DISC Profile to Communicate Effectively in Business Click here to check the full show notes: https://www.biggerpockets.com/show549 Learn more about your ad choices. Visit megaphone.fm/adchoices

Your real estate partnership may be closer than you think. Maybe it’s that seller you’re talking to on craigslist, maybe it’s your home appraiser, or maybe it’s someone you meet at a sketchy real estate investing company. Mike Nuss and Tyler Combs never planned on becoming partners when they linked up to discuss a potential sale of a property. But, when fate put the two together again in the same company, they decided to split off and use their complementary skill sets to build a real estate empire. Mike brought the acquisitions and property management side to their business, while Tyler focused on managing and selling flips. Together they brought the rocket fuel of profit and cash flow to their growing business. Now, they’ve acquired more than eighty units and aren’t planning on stopping any time soon. Mike and Tyler built their business on the back of strong investor relationships, truthful and honest work, and the ability to find seller finance deals. With the combo of creative financing, marketing, and hard work, they’ve become real estate leaders in their area with an expanding portfolio, team, and strategy. In This Episode We Cover: How to vet someone who’s raising capital for a real estate investment Combining flips and rentals to maximize growth in real estate  Using seller financing to acquire more units with less money upfront Creative financing options like subject to, raising private capital, and more “Land Banking” and using it to set up your portfolio for future success Becoming a master in your field and going a mile deep on your strengths And So Much More! Links from the Show BPCON2021 BiggerPockets Real Estate Podcast BiggerPockets Talent Search BiggerPockets on Itunes BiggerPockets on Audible BiggerPockets on Twitter BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Pro Membership Brandon Turner’s Instagram David Greene’s Instagram Open Door Capital BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan BiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie Duke Click here to check the full show notes: https://www.biggerpockets.com/show548 Learn more about your ad choices. Visit megaphone.fm/adchoices

Buying and selling real estate portfolios isn’t what Omni Casey was raised to think about. As a middle child in a large family, Omni was never given the “investing talk” and was often surrounded by people who thought landlords were greedy. But, Omni had the entrepreneurial spirit, and through trial and error, found real estate investing to be the most reliable, practical, scalable, and fun business around. He started with a single “condotel” in his native state of Hawaii before branching off into out-of-state investing. For most of the past two decades, Omni never spoke about his investing career to those outside of his immediate family. It wasn’t until recently that he started the “Cash Flow Breakfast Club” for agents in his brokerage to talk about investing, financial freedom, and generational wealth. Now, with over one hundred properties, Omni is on a mission to purchase fifty-two properties in fifty-two weeks! Although it’s not the end of the year just yet, we’re quite confident that he and his team will successfully cross the finish line. In This Episode We Cover: How to get into real estate when your family doesn’t openly talk about money Finding a mentor and using their expertise to propel you forward Purchasing real estate in expensive markets and when to value appreciation over cash flow The questions to ask a potential property manager in a new market Buying and selling real estate portfolios to create a win-win for both parties 2022 market predictions and why you shouldn’t depend on today’s political environment The “Cash Flow Breakfast Club” and Omni’s new book And So Much More! Links from the Show: BPCON2021 BiggerPockets Real Estate Podcast Cashflow Board Game Click here to check the full show notes: https://www.biggerpockets.com/show547 Learn more about your ad choices. Visit megaphone.fm/adchoices

Adversity tends to breed ingenuity and genius. More often than not, smart and capable individuals will find a way to use their hardships as fuel to build something better. This is exactly what house flipping, wholesaling, and rental property-owning partners Noah Evans and Jeff Fawson did. Noah and Jeff were both following different paths to real estate success, taking on apprenticeships under investors who had already made it big. It wasn’t until Jeff was doing some work on Noah’s house that the two began talking, realizing they had the same type of past conflicts and saw each other’s strengths as their own weaknesses. Now, they’re building a systematized, scaling real estate business, operating in multiple markets, and bringing in not only flipping and wholesaling profits but generational wealth-building cash flow. Noah and Jeff discuss how they research markets for investing, systematizing fix and flips down to a point-by-point checklist, and how to make networking beneficial (instead of a drag). In This Episode We Cover: Using your past struggles to fuel your future success in real estate and life Networking in a way that truly adds value to other investors’ lives Finding a partner who matches your weaknesses and struggles in your strengths How to identify and research a new market for real estate investing The systems and tools that Noah and Jeff use to run their scalable business Paying attention to personal progress, instead of the dollar amount on a deal How ripped BiggerPockets founder Josh Dorkin has become And So Much More! Links from the Show BiggerPockets Talent Search BiggerPockets on Itunes BiggerPockets on Audible BiggerPockets on Twitter BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Pro Membership Brandon Turner's Instagram David Greene's Instagram Open Door Capital GoBundance Chasing Freedom Website Click here to check the full show notes: https://www.biggerpockets.com/show546 Learn more about your ad choices. Visit megaphone.fm/adchoices

Sergio Altomare didn’t start out investing in self storage. He made a massive leap, making lots of mistakes along the way until he found this gold mine of an asset class. For years, Sergio was buying small multifamily properties, one of them being a “monster house” which he later had to sell due to some serious zoning issues. Once he was introduced to syndications, he knew he could take his portfolio higher, without the headaches of large multifamily. Now, Sergio has twelve self storage facilities, with a combined valuation of close to $40M. He’s been able to increase his equity by many, many millions with simple value-add strategies like increasing rent, paving parking lots, and installing key-accessible gates for his customers. This isn’t the regular value-add you’re used to with granite countertops and freshly tiled showers; self storage value-add can be minimal with massive results. Sergio also dives into his long-term exit plans—something every investor should be thinking about. Are you planning on selling your properties one by one to the highest bidder, or will you package them up and walk away with a huge payday? In This Episode We Cover: What a multifamily “monster house” is and why you should avoid them Zoning laws and how they can affect your long-term profit The pros and cons of investing in self storage facilities  What to look for in self storage facilities and other types of commercial real estate How to raise money for your deals (even if you’re a new investor) Defining your exit plan so you can walk away rich after building your portfolio And So Much More! Links from the Show: BiggerPockets Talent Search BiggerPockets on Itunes BiggerPockets on Audible BiggerPockets on Twitter Facebook Ads Google ads Radius Plus U-Haul's Facebook page Blackstone Open Door Capital Bird-in-Hand Self Storage The Real Estate InvestHER Facebook Community GoBundance Hearthfire Self Storage BiggerPockets Podcast 388: The 7-Step “Playbook” for Scaling Your Real Estate Business With AJ Osborne BiggerPockets Podcast 286: $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne Paul Moore's BiggerPockets Profile Ashley Wilson's BiggerPockets Profile Liz Faircloth's BiggerPockets Profile Check the full show notes here: https://biggerpockets.com/show545 Learn more about your ad choices. Visit megaphone.fm/adchoices

Cameron Herold developed the “Vivid Vision” format years ago, allowing not only him but other high-level business leaders to peek into the crystal ball of their futures. This vision doesn’t magically come true once you write it out, but mysteriously, those who craft a "Vivid Vision" accomplish, if not exceed, their goals for the future. No one is more deserving of a call with Cameron than J.B. Klein, our winner of BPCon 2021’s coaching call giveaway. J.B. scaled quickly over the past year to hit a respectable unit count, but he’s feeling traction slip out from under his feet. J.B. wants to ensure that his business is set up to grow if he intends to acquire many multiples of his current portfolio. To that end, JB crafted a Vivid Vision, and a team of copywriters at Conscious Copy helped turn it into a masterpiece! This call between Cameron and J.B. is a massive resource to anyone investing in real estate, regardless of business size or experience. Cameron is a highly sought-after business coach and he makes clear, direct points that any listener of The BiggerPockets Podcast can take and expand upon to make their lives more fulfilling. In This Episode We Cover: How to craft your three-year “Vivid Vision” of a future business Describing and defining your why behind business growth, passive income, and freedom Building strong relationships with your team, partners, and investors Minimizing anxiety and sleepless nights as a stressed-out leader Delegating any task that doesn’t include your “genius”  Setting up the core values of your business and sticking to them And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel Conscious Copy (Vivid Vision Copywriting Team) Open Door Capital BPCon 2021 Keller Williams Realty 1-800-GOT-JUNK? Invest in Your Leaders Course The Second-in-Command Podcast Harley-Davidson David Osborn's Personal Website JB's Vivid Vision Check the full show notes here: https://biggerpockets.com/show544 Learn more about your ad choices. Visit megaphone.fm/adchoices

Gino Wickman’s name is synonymous with business growth, entrepreneurship, and freedom. He spent the majority of his youth building up his father’s company to later sell it for a substantial sum. After teaching others how to do the same, Gino took the time to write books that would pave the way for future entrepreneurial success. Books like Traction, Rocket Fuel, Get A Grip, and his newest book, The EOS Life.  In it, Gino describes the five points of an ideal life: doing what you love, with people you love, making a huge difference, being compensated appropriately, and having time for other passions. Sounds like paradise doesn’t it? Well, if you’re an entrepreneur (or a want-to-be entrepreneur), this “ideal life” is perfectly within your grasp. On today’s show, Gino walks through how any entrepreneur, nine-to-five worker, or business owner can hit all five of these points and live a truly fulfilling life. Gino mentions five separate tools that can help you along your journey to an ideal life, but the most important piece of this entire show is how you have to put up the risk to take away the reward. In This Episode We Cover: Why Gino created EOS (Entrepreneurial Operating System) for business owners Whether or not you have the six essential traits of an entrepreneur  The five points of living an ideal life (and why they’re closer than you think) Dropping your $25/hour tasks and starting to focus on $1,000+/hour tasks  Understanding that reward does not come without sufficient risk  Why time off from work can fuel better ideas and help you enjoy life more And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Rental Property Calculator BiggerPockets Pro Membership - Use discount code: podcast21 BiggerPockets Blogs BiggerPockets Forums BiggerPockets Webinars BiggerPockets Real Estate Podcast BiggerPockets Books by Brandon Turner BiggerPocket's Ultimate Beginner's Guide to Real Estate Investing Open Door Capital Brandon's Instagram David’s Instagram EOS Website Click here to check the full show notes: https://www.biggerpockets.com/show543 Learn more about your ad choices. Visit megaphone.fm/adchoices

Billy Dha Kidd is better known for his rapping than his real estate skills, but both careers are worth celebrating. Billy’s early life was anything but comfortable — growing up in El Salvador, he was used to no running water and no electricity. He likes to say that he didn’t start at zero but started at negative one-hundred. Billy’s family immigrated to the United States when he was 10 years old, moving first to California and then later to Nebraska. As a teenager, Billy began rapping as a way for him to express himself but found he loved the craft. Rapping allowed Billy to fill his time with something positive, instead of taking the wrong path many of his friends were on. His rap taught him sales skills, business skills, how taxes work, and most importantly, how to make money. Reading stories of generational wealth, Billy was compelled to start investing in real estate. He got his first deal, learned a lot about the BRRRR strategy, and continued to put his knowledge to work. Now, he’s sitting on twenty-two doors between eighteen different properties. He gives credit to simply taking responsibility for his outcomes, instead of blaming others or the system around him. In This Episode We Cover: Building wealth even if you started with a disadvantage Developing sales skills and using them when buying and selling properties Generational wealth and why it means more than just getting rich Finding deals both on and off-market for the BRRRR strategy The biggest hurdles that come with owning a large rental portfolio  Creating a sellable, scalable business so you work less and make more And So Much More! Links from the Show: BiggerPocket's Ultimate Beginner's Guide to Real Estate Investing Open Door Capital BiggerPockets Podcast 537: 10 Best Books for Real Estate, Health, and Wealth Brandon Turner's Instagram Universal Music Group Myspace MLS (Multiple Listing Service) Zillow Realtor Wells Fargo Bank Chase Bank The One Brokerage - The David Greene lending team Check the full show notes here: http://biggerpockets.com/show542 Learn more about your ad choices. Visit megaphone.fm/adchoices

Will inflation sink real estate? Is Zillow out of the iBuyer game? And why does my cash offer mean less than it did last year? Dave Meyer, VP of Data and Analytics at BiggerPockets, has heard your questions through BiggerPockets forum posts, YouTube videos, and on Instagram. This data-loving sandwich connoisseur is back to walk you through the biggest stories in real estate. As incredible as Zillow Offers was, it looks like it won’t be around any longer (at least for a while) since having a half a billion-dollar loss in Q3 of 2021. With Zillow’s exit from the iBuyer and flipping market, other big players like Opendoor and Offerpad have come in to fill the gap. But, what about the new “Power Buyers” in the market? Will they help or hurt real estate investors? We’ve also seen a run-up in inflation over this past year, causing home prices to artificially soar (especially when paired with low interest rates). So what is the best move for a real estate investor to make in today’s market? Take advantage of low-interest mortgages and all-time high rent prices, or wait for a supposed housing market crash or correction? In This Episode We Cover: Why Zillow cut their losses and exited the iBuying arena The new “Power Buyers” in the housing market and how they could help investors like you What a 30-year high inflation rate means for asset prices How to take advantage of record-low interest rates for long-term cash flow The cities in the US with the highest growing rent prices  What to look for in a rental depending on your estimated retirement age And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel Zillow iBuyer Opendoor Offerpad Redfin BiggerPockets Podcast 480: Making $200k a Month After Being on the Verge of Bankruptcy Knock.com Orchard Homeward Band Protocol Check the full show notes here: http://biggerpockets.com/show541 Learn more about your ad choices. Visit megaphone.fm/adchoices

How do you build massive wealth while keeping your passions, family, faith, and bank account intact? Successful real estate investors will tell you the same thing: you need to automate and systematize to make time for it all, and they aren't kidding. Whitney Sewell was working as a cop when he got his start in real estate. Looking at his $35,000 salary, he realized that the long hours and tiresome, but enjoyable work, wouldn’t allow him financial freedom. Whitney wanted more time with his kids, his wife, and his beloved horses. So, he started attending every real estate conference he could go to, networking with anyone who owned any amount of real estate. He hired a performance coach, built a successful podcast, and flipped his limiting beliefs on their head, so he could tackle big deals. In only three years, Whitney built a real estate empire with over $300M assets under management. Part of his personal profits are donated to help adopted children and those who need adoptive parents. Whitney talks about how his faith and social goals have played a huge part in his real estate and how doing good must be the driving force behind wealth accumulation. In This Episode We Cover: Why it’s important to “overcommit” if you really want to succeed in real estate The “most dangerous book to reach on a beach” Why your network is your net worth and pushing yourself to connect with other like-minded investors Why wealth and faith don’t need to contradict each other Giving yourself the “thinking time” to spawn new, ingenious ideas Outsourcing and upgrading your business so you can make more while loving life And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Pro Membership - Use discount code: podcast21 BiggerPockets Blogs BiggerPockets Forums BiggerPockets Webinars BiggerPockets Real Estate Podcast BiggerPockets Books by Brandon Turner The Official BiggerPockets Facebook group BiggerPockets Podcast 401: Follow these Steps to Get People to Know, Like, and Trust You with Jordan Harbinger BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless Harley Davidson Straight Path Horses Website Click here to check the full show notes: https://www.biggerpockets.com/show540 Learn more about your ad choices. Visit megaphone.fm/adchoices

If you’re looking to buy your first (or next) rental, you’ve come to the right place! BiggerPockets was founded to help real estate investors network, build their skills, and grow their portfolios. In today’s episode, master of multifamily and all things rental-property related, Brandon Turner, shares how you can build momentum and get your next deal under contract. By overcoming the three roadblocks of real estate investing, you’ll be able to scale your portfolio to heights you’ve never imagined. Achieve financial freedom or surpass it entirely with intelligent, consistent investing so you (and your family) can live a life you love. If you’re ready to get started, grab your notepad and pen. Brandon is about to show you why your next investment property is within reach! In This Episode We Cover: How to get your first (or next) real estate deal under contract Defeating the three roadblocks of real estate investing and using them to grow a sizeable portfolio Why the first few deals matter (and why they definitely don’t) Using daily consistent action to build a system that works on your behalf Why most people want to invest in real estate but never do How to analyze a rental property deal in five minutes (even if you’re brand new!) And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Rental Property Calculator BiggerPockets Pro Membership - Use discount code: podcast21 BiggerPockets Blogs BiggerPockets Forums BiggerPockets Webinars BiggerPockets Real Estate Podcast BiggerPockets Books by Brandon Turner BiggerPockets PRO Exclusive videos The Official BiggerPockets Facebook group BiggerPockets Podcast 437: How Your “Worst Case Scenario” Can Set You Free From a Job You Hate with MarieForleo Doug Nordman's LinkedIn Profile Joshua Dorkin's Website Open Door Capital Brandon Turner's Instagram MLS (Multiple Listing Service) DealMachine Driving For Dollars Uber Eats PropStream ListSource BeardyBrew Coffee Website Dave Meyer’s Blog Content Check the full show notes here: https://biggerpockets.com/show539 Learn more about your ad choices. Visit megaphone.fm/adchoices

Not everyone will love commercial investing, mixed-use buildings, flipping houses, BRRRRing, or even traditional buy-and-hold rentals. But you’ll probably find one type of real estate class that you absolutely love. It may take you some time, but if you’re able to find a property type that sparks your creativity, all while providing positive cash flow, you’ll know you made it. Katie Neason definitely didn't love government-subsidized rentals. She dreaded the phone calls, the repairs, and the unresponsive tenants. Katie thought that upgrading her investing strategy to multifamily housing would solve the problems. Unfortunately, after buying some fourplexes, she realized that too wasn’t for her. After trial and error, Katie found her true real estate loves: flipping, developing, and mixed-use buildings. So, she went into all three and is doing phenomenal! Katie shares a special Deal Deep Dive where she walks through a degraded downtown building that is now the talk of the town due to her smart negotiating, creative redesigns, and ability to use her network to fund the deal! In This Episode We Cover: Why it’s important to find the real estate classes you truly enjoy working on Understanding the positives and negatives that come with subsidized housing Revitalizing a downtown through smart planning, designing, and financing  Taking action so you can achieve “hockey stick” growth in real estate Working with the city so you can collectively build something that adds value to the community How to negotiate so both the buyer and seller walk away with a win And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BPCon 2021 David's Instagram BiggerPockets Store Open Door Capital The Self Storage Conference Maui Masterclass with Brandon Turner and Tarl Yarber Noah and Jeff's Episode (coming soon!) BiggerPockets Podcast 511: Getting Your Market, Money, and Mindset Right | 3 Coaching Calls! How to Invest in Real Estate—The Ultimate Show for Getting Started with Josh Dorkin, Brandon Turner, and 11 Rockstar Investors BiggerPockets Webinar JDC Mindset Academy Audible BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!) Josh Dorkin's Instagram Check the full show notes here: https://biggerpockets.com/show538 Learn more about your ad choices. Visit megaphone.fm/adchoices

Sometimes the best real estate books aren’t about real estate at all. Or at least, that’s what Brandon and David found out. After rummaging through their bookshelves, Brandon and David decided to give listeners their top ten books that allowed them to reach financial, spiritual, and personal success. Some of these books include classics you’ve heard mentioned on the show before, while others are centered more on human happiness, problem solving, or relationships. What’s important to know is that these books can help anyone, no matter what stage of the investing journey they’re in. Whether you’re a veteran or rookie, reading a simple concept, sentence, or quote can fundamentally shift how you think about life and investing. Brandon also runs through a dozen more book recommendations at the end of this episode, so if you’ve already read through the top ten, hang around for that! In This Episode We Cover: Brandon and David’s top ten book list (for any type of investor!) Understanding the different parts of the brain and using it to build better arguments and strengthen relationships  Tweaking the “rules of the game” you’re playing in relation to wealth and happiness Taking on extreme ownership and using it to become a better leader Developing confidence and how to do so when you’re feeling lost Communicating more effectively and allowing others to see through your perspective And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums Open Door Capital BiggerPockets Events BiggerPockets Facebook Group BiggerPockets Store BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan https://www.biggerpockets.com/show537 Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investing can feel complicated, even when you’re doing well. There’s usually a time when every investor hits an invisible wall and moving on to the next deal, partnership, or business can feel like a slog. When this happens, it’s a good idea to lean on experienced investors who have been through these waves of success, failure, and stagnation. Brandon Turner, host of The BiggerPockets Podcast, is back with live one-on-one coaching calls with three different investors, all experiencing some form of investor paralysis. Brandon talks to Mike who’s having trouble letting go of control on rehabs, Stephanie who’s had past success but can’t pick her next move, and Sterling who wants to build organic relationships with sellers. These three investors are in three completely different parts of their real estate investing journey, but all share some of the same headaches. Brandon walks each of them through their predicaments while illuminating some paths forward that could yield them more money, less headache, and a larger portfolio. In This Episode We Cover: Always thinking of yourself as “the general” and not a foot soldier in the war Prioritizing time with family over simple outsourceable tasks Why real estate investors need to go “a mile deep” to survive in 2021 (and beyond!) Building organic relationships with off-market sellers Systematizing an outreach network and drip campaign that allow deals to come to you And So Much More! Links from the Show: BiggerPockets Youtube Channel Jason Drees' Website Open Door Capital Etsy ebay Audible Joe Fairless' Best Ever Conference Website BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming BiggerPockets Podcast 409: Giving Yourself Permission to Go BIGGER: the “Bluefishing” Mentality with Steve Sims Brandon Turner's Instagram Brandon Tuner's TikTok David Greene's Instagram Check the full show notes here: https://www.biggerpockets.com/show536 Learn more about your ad choices. Visit megaphone.fm/adchoices

On today's show: a coaching session with David Greene and the winner of a charity auction at BPCon, Carla Holmes from Yellow Square Properties. Carla is a long-time investor and rookie to commercial investing. She's been cautious with her real estate investing and never took on debt after she went through foreclosure during The Great Recession. Now, she sits on over a million dollars in equity, spread across multiple properties in the Carolinas. Her recent acquisition is a 4.5-acre commercial property that she’ll convert into a parking lot for big rigs in her area. Since this is a brand new real estate class she’s entering into, Carla wants to be absolutely sure she’s crossing all her t’s and dotting her i’s. David walks her through a live analysis going over the hurdles, work, expenses, and income that this property will bring in. He also helps Carla debate whether selling, refinancing, or keeping her current properties is best based on her one-year financial independence goal. In This Episode We Cover: How to analyze a commercial property from scratch with limited property information Identifying the drawbacks and new potential income stream opportunities on a property Why so many frugal investors avoid debt, even if it could be of benefit to them Why you shouldn’t “hit the cones” when investing in a new real estate class  Thinking multiple steps ahead when making a move in real estate And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BPCon 2021 Craigslist Facebook Marketplace David's Instagram BiggerPockets's Instagram Check the full show notes here: https://www.biggerpockets.com/show535 Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to another episode of Seeing Greene! That’s right, David Greene is back with more real estate answers, some brand new metaphors, and basic Jiu-Jitsu knowledge for the new and experienced real estate investor. In this episode, we’re taking ten questions from BiggerPockets listeners, investors, agents, and rookies looking to build wealth through real estate. David discusses topics ranging from investing out-of-state vs. in-state investing, whether cash flow or appreciation is a more important metric to track, and how to accurately value a property when using more than just data and numbers. David also gives advice on building systems within your business to help you get more deals, and making your investing machine much more scalable. This episode has questions from non-investors, rookies, and veterans so no matter what stage of investing you’re in, David answers a question for you! Have a question you want David to answer on the next Seeing Greene episode? Submit your video submission at Biggerpockets.com/david. In This Episode We Cover: The spectrum of investing and why you need to seriously consider cash flow vs. appreciation Why waiting on the sidelines may lose you more money than investing in a hot market Using more than just numbers and data to analyze a potential deal How to return profits to investors and whether an equity or debt split is best Systematizing your deal flow and taking advantage of CRMs (customer relationship management) How agents can build their reputation in areas with far higher commission checks What to do if you feel like you don’t have any valuable skills And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Blogs BiggerPockets Youtube Channel Biggerpockets.com/start Submit your questions BiggerPockets Calculators BiggerPockets Podcast 322: 3 Things Every Leader MUST Do to Scale with Ben Kinney Brivity CRM Click here to check the full show notes: https://www.biggerpockets.com/show534 Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s easy to get caught up in the world of residential real estate investing. Maybe buy a single-family buy-and-hold deal, or try and flip a house, or why not BRRRR? But, residential real estate comes with many challenges: complicated evictions, clogged toilets, a noisy tenant in your upstairs unit, and many, many more. But, there is an asset class you can invest in without toilets, tenants, or trash problems. Paul Moore, author, capital raiser, and real estate educator joins us to talk about his newest obsession: self storage investing. Why self storage? Maybe it’s because nobody is living in the property, or that many existing facilities have HUGE value-add potential, or maybe it’s the tax savings, or the ability to increase equity by hundreds of thousands, if not millions, seemingly overnight. There are so many reasons why self storage investing could be one of the greatest yet rarely spoken of assets in the world of real estate investing. Wondering how you can get started in this high-profit, low-maintenance investing world? Grab Paul’s new book, Storing Up Profits! In This Episode We Cover: Why commercial real estate allows you to build wealth faster, smarter, and with scale  The four strategies you can use to build your self storage empire  The massive tax-saving strategies you may be missing out on Looking for value-add that’s hidden in plain sight The seven paths a new investor can take to get started in the self storage industry Income opportunities that could turn thousands in revenue into millions in equity And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Blogs BiggerPockets Podcast 285: 3 Reasons Multifamily Rentals Might Be the Perfect Investment with Paul Moore BiggerPockets Podcast 286: $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne Paul Moore’s Blogs in BiggerPockets Blog Blackstone U-Haul Airbnb Forbes Amazon Wellings Capital Sam Zell J Scott's Personal Website Tarl Yarber's BiggerPockets Profile Gary Keller Jeff Bezos Tom Wheelwright's Personal Website Check the full show notes here: https://biggerpockets.com/show533 Learn more about your ad choices. Visit megaphone.fm/adchoices

If you own a single-family rental or a portfolio of single-family rentals, the world of large multifamily may seem scary to you. There are so many more tenants and units, there’s a different financing structure, and what about finding the deals? At some point, many investors make the jump into the world of multifamily, and they rarely look back. One of our own, J Scott, did the same when he offered a year's worth of work for free in order to learn the multifamily game. Joining him today are multifamily syndicators and thought leaders Ashley Wilson, Brian Burke, and Joe Fairless. Together these four investors manage over two billion dollars worth of multifamily real estate. And just like many listeners, they at one point started at zero. J uses this episode as a multifamily roundtable, asking each of these veteran investors about the state of the housing market, where to invest, how to plan an exit, which strategies they use when investing, and how rookie investors can get started. Regardless of your unit count, experience, or real estate skills, all these investors believe that with some hard, creative work, you too can succeed in multifamily! In This Episode We Cover: Why 2021 was the “perfect storm” for multifamily (and whether or not it will continue) Cap rate and why it isn’t as great of a metric as most investors think it is Creating an entrance and exit plan for a large multifamily deal Finding the “value-add” that will make you and your investors more money How to analyze a multifamily market using a number of demographic metrics Transitioning from single-family investing to multifamily success Growing relationships with owners, brokers, and multifamily vendors And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel UHaul Joe Fairless's Podcast Matthew McConaughey University of Houston Speech Check the full show notes here: https://biggerpockets.com/show532 Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate zoning allows those with a keen eye, creative mind, and delayed gratification to transform a once-vacant warehouse into a massively profitable multifamily deal. While this isn’t as easy as the simple buy-and-hold strategy of real estate investing, it can generate far more profit, equity, and appreciation than buying a single-family home or even multifamily buildings outright. J Scott joins David Greene to talk with Dan ‘The Real Estate Man’ Harvey, who has been using this multifamily conversion strategy for years after he realized how many vacant commercial properties were being under-analyzed by investors. The tactic isn’t too complicated: find a commercial property with the right zoning, convert it into multifamily housing, stabilize, refinance, and do it again! Dan says that this strategy is a slight off-shoot of the ever-popular BRRRR strategy, but with FAR more upside. Even if you know nothing about zoning, construction, or analyzing big deals, Dan will help you navigate how to do your first multifamily conversion in this episode. He even gives a direct callout to anyone who wants to help him and learn from his experience! In This Episode We Cover: Understanding the different types of zoning codes in your area Finding the “best use” of a property and using that to siphon off maximum profit How “By-Right” zoning allows investors to fully capitalize on a property’s best use Calculating future rents and value of a property after a multifamily conversion Combining residential and commercial space to eliminate vacancies on your property Building a team and finding a mentor that will give you the knowledge to grow And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel BPCON 2021 Brandon Turner's BiggerPockets Profile Robert Kiyosaki's Website David’s Instagram David’s BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/show531 Learn more about your ad choices. Visit megaphone.fm/adchoices

Having limited lung capacity while playing college basketball seems almost impossible. But, like almost everything else in Nolan Gottlieb’s life, he pushed through it to accomplish his dreams. Hard work and determination are what allowed Nolan to step onto that basketball court, even with a severe physical disadvantage. The same determination is exactly what allowed him to close on nineteen units in just ten months of investing. Nolan didn’t know anything about real estate; he couldn’t even describe what a mortgage was if you asked. But, as he ventured off the basketball court and became a real estate agent, he knew that agent commissions wouldn’t protect him and his family if he got sick again. He needed long-lasting wealth, passive income, and an ability to scale his success. He started out partnering with a friend on a BRRRR. It went so well, he decided to tackle an off-market deal. Nolan was able to close not only on one off-market deal, but on a fourteen-unit apartment building as well, thanks to his six steps to find “buried gold” in his market. In This Episode We Cover: How to accomplish your goals, even if you start at a severe disadvantage Why passive income sources far outweigh one-time profits The six steps to finding profitable, undervalued off-market properties  Taking down a fourteen unit apartment building as a rookie What appraisers look for when going through your property Discovering your “why” behind investing in real estate And So Much More! Links from the Show: qPublic.net Shutterfly Whitepages MLS.com BiggerPockets Podcast BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming BPCON 2021 David Greene's Instagram Duke University's Blue Devils Basketball Team Bobby Hurley's Wikipedia page C.S Lewis's Website Brandon Turner BiggerPockets Profile Robert Kiyosaki's Website Check the full show notes here: https://biggerpockets.com/show530 Learn more about your ad choices. Visit megaphone.fm/adchoices

Creative financing solves an important problem for almost every type of real estate investor. Don’t have enough cash? Try creative financing! No credit? Try creative financing! Ran out of conventional loans? You already know what we’re going to say...One of the most knowledgeable real estate investors around, who pretty much reinvented the subject to deal, is Pace Morby, and he’s here with us today! Pace invites four guests onto the show to ask him their most burning questions about subject to deals, creative financing, legal protections when investing in real estate, and how to negotiate with a seller. Even if you’ve never thought of doing a creative financing structure, Pace may convince you that there’s good reason to be educated on them, as it could help you save thousands in closing costs and allow you to scale your portfolio much quicker. In This Episode We Cover: What are novation agreements and why they may be a great secret negotiating tactic  Whether or not today’s housing market shows similar signs to the 2007 crash  How to calculate profits for a potential buyer on a wholesale deal Whether or not an LLC is necessary when buying rental properties or flips The inexpensive team member that could help take HOURS of work off your plate  What to do when a seller won’t come down to your maximum offer And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel Open Door Airbnb Prime Corporate Services A&E TV Triple Digit Flip Check the full show notes here: https://biggerpockets.com/show529 Learn more about your ad choices. Visit megaphone.fm/adchoices

Closing off-market deals is one of the best ways to start stacking your real estate portfolio, especially while the housing market is so hot. But, off-market deals often require cold-calling, which is something that makes many investors’ blood run cold. So, how do you talk to a seller in the most confident, comfortable, and competent way? You start by asking the five questions Pace Morby, master of off-market deal-finding and creative financing, has laid out. These five questions were developed over years of cold calling and door knocking. They were specifically designed to walk a seller through a transaction, making them as comfortable as possible, allowing them to bring up their own limitations, and giving you the space to close if the deal fits. This is not your typical “call the seller and give them a cash offer” piece of advice. These questions run far, far deeper than that. If you’ve wanted to try flipping, wholesaling, or even just off-market deal finding, this may be the perfect episode to listen to, as a veteran investor lays out the exact questions he used to close on 500+ off-market deals. In This Episode We Cover: Why every seller has their own “bunnies” and what you can do to find them Asking questions that allow sellers to illuminate silent partners in the deal Why you should NEVER tell sellers what is wrong with their property Helping a seller create a story and allowing your offer to fuel it Pulling out missing information when initially interviewing a seller Going in for the close without becoming a pushy salesperson And So Much More! Links from the Show BiggerPockets Youtube Channel Triple Digit Flip on A&E BiggerPockets Podcast 527: 300 Doors, 100% Creative Financing with Pace Morby Brandon Turner’s Instagram Pace Morby Interviews Jerry Norton On How He'd Get His First Deal Click here to check the full show notes: https://www.biggerpockets.com/show528   Learn more about your ad choices. Visit megaphone.fm/adchoices

Pace Morby’s name has become synonymous with seller financing, subject to deals, and flipping. He is one of the most educated players in the real estate game on all things related to non-traditional financing. He even taught Brandon Turner, the author of Investing in Real Estate with No (and Low) Money Down, a thing or two on today’s show! Originally working as a contractor, Pace was hired on as a flipper for some popular iBuyer portfolios. He flipped over a thousand homes a year but was doing so without building any wealth for himself. This is when he began flipping his own homes and slowly, steadily building a portfolio of rentals that would provide him with the cash flow he desired. Did we mention he did this entirely without bank financing? Since Pace is the go-to investor for all things creative financing, Brandon and David took advantage of his time on the show to ask him about subject to strategies, seller financing tips, and how he takes a seller from consideration to closing. If you’ve been wondering how to build your rental portfolio without down payments, credit checks, or preapproval from banks, this is THE episode to listen to. In This Episode We Cover: Outsourcing your business so you aren’t the driver of every deal Structuring a subject to deal and using it to create a win for the seller Why you shouldn’t be afraid to offer full price on a seller finance deal The first phrase you should say to any seller when viewing their property What to do when your “due on sale” clause comes to fruition How to find work, meet investors, and grow your brand through social media  And So Much More! Links from the Show: BiggerPockets Youtube Channel Triple Digit Flip on A&E BiggerPockets Podcast 493: How COVID Changed Real Estate Forever (+How it Didn’t!) with Ken McElroy Opendoor Zillow Start Virtual Redfin Airbnb Kelley Blue Book Craigslist Open Door Capital BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss Equity Assurance The Moth Podcast Brandon Turner’s Instagram Grant Cardone’s Instagram Ken McElroy's Website Pace Morby Interviews Jerry Norton On How He'd Get His First Deal Chris Voss' LinkedIn Freebies from this episode: Pace's ebook on Subto Exclusive seller video calls Check the full show notes here: http://biggerpockets.com/show527 Learn more about your ad choices. Visit megaphone.fm/adchoices

[NOTE: Since this episode was recorded, some events have changed. We have updated the intro to the episode and the lead-in to our conversation with Jeff Watson to reflect those developments] Inflation is big, scary, and in the news. With it comes the fear of sky-high home values, consumer goods falling in short supply, and cash positions becoming worthless overnight. With high inflation at our doorstep, we need to be smarter (and faster) when it comes to investing. Thankfully, for BiggerPockets listeners, one of the strongest hedges against inflation is real estate! David Greene and Dave Meyer are back on another episode of BiggerNews to discuss not only the cause of inflation but how to protect yourself against it in this hyper-inflationary environment we find ourselves in. Both David and Dave harp on how important it is to start investing as soon as you can, taking advantage of low-interest rates and locked-in leverage that bank financing provides. Jeff Watson, attorney and self-directed IRA expert, joins the Dave duo to talk about the proposed “Build Back Better Bill” and its consequences for real estate investors - which Jeff calls a “nightmare” for those who want to raise private money for deals. As noted at the top of this description – in the time since this episode was recorded, the sections of the bill affecting Self-Directed IRAs have been removed. We've added audio to the episode explaining those developments; we are keeping the content because it offers a glimpse into an issue that may crop up again on Capitol Hill in the future. In This Episode We Cover: What is inflation and how did America become an inflationary environment? The main causes of inflation and whether or not it will affect you Using debt to lock in low-interest-rate loans while rents continue to rise The “Build Back Better Bill” and its consequences for all real estate investors How this new bill would have potentially hurt ‘average joe’ investors while propping up hedge funds Steps you can take to protect your assets And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel David Greene's Instagram David Meyer's Instagram BiggerPockets Conference BiggerPockets Pro Membership BiggerPockets Money Podcast Real Estate Rookie Podcast BiggerPockets Daily Podcast GoBundance Brian Beaulieu of ITR Economics Quest Trust Company President Donald J Trump Robert Kiyosaki Peter Thiel Paypal HandsOff My IRA Protecting IRA Investment Choice (Jeff's Document) Summary of Changes Proposed by House Reconciliation “Build Back Better” Bill (Jeff's Document) BiggerPockets Podcast 502: BiggerNews, September: Will Anything Slow Down this Housing Market? with Dave Meyer & Kathy Fettke Check the full show notes here: http://biggerpockets.com/show526 Learn more about your ad choices. Visit megaphone.fm/adchoices

Our perceptions of work and life have changed significantly over the past year. While we once had a clear distinction between the two, now, we have a blurred line barely separating them. For some, this has made their life more hectic, and for others, more clear. It’s now more important than ever to define where we’re going and why we’re going in that direction. Joining David today is Mindy Jensen, host of the BiggerPockets Money Podcast, and Geoff Woods, host The ONE Thing Podcast. Many guests on the show have mentioned The ONE Thing for its simple, yet impactful message for team leaders and solopreneurs who have too much on their plates. Geoff has taken the message of this book and his organization to heart, allowing him to free up time, and live a truly extraordinary life. Geoff unpacks exactly what it means to have intentional goals and live with purpose. He is very specific on defining what truly matters to your business, personal life, and internal values, and separates those things from the rest. Geoff also brings on Jordan and John, two business partners, one of which attended The ONE Thing Retreat last year, and talks them through their long-term vision, goal, and strategy. In This Episode We Cover: The importance of striving to live an extraordinary life in all aspects  How to become more purposeful in the areas of life that truly matter Working through goal setting in partnerships, relationships, or solo Why most people don’t reach their goals or set too attainable goals Permitting yourself to dream big for a five, ten, or twenty-year vision What you can expect at The ONE Thing’s 2021 Retreat Why the purpose of a goal isn’t the result, but something far more meaningful And So Much More! Links from the Show Brandon Turner's Instagram David Greene's Instagram BiggerPockets Webinars BiggerPockets Pro Membership The 1 thing Website The 1 thing podcast BiggerPockets Podcast 411: The Life-Changing Power of a Goal-Setting Retreatwith Geoff Woods The 1 thing Goal Setting Retreat Website Click here to check the full show notes: https://www.biggerpockets.com/show525 Learn more about your ad choices. Visit megaphone.fm/adchoices

A decade ago, Chandler David Smith was a broke college student. After searching for jobs, he was given the opportunity to try his hand at door-to-door pest control sales. The first week went slow, and he wasn’t able to close on a single sale. But, by the end of the summer, he had crushed the rookie sales record and walked away with $96,000 worth of commission. But now Chandler had a problem: too much cash and nothing to do with it. His friend’s father convinced him that real estate investing may be the best place to park his extra cash, so he did just that. Chandler bought a condo for $73,000. It wasn’t a great deal and he made some big mistakes, but it sparked a fire under him that allowed him to grow his portfolio to over three hundred units, through small multifamily, large multifamily, and self storage. It’s no coincidence that Chandler succeeded in real estate with his sales background, since finding off-market deals, negotiating with sellers, and raising rents all require you to sell something to someone. If you can capitalize on some of these sales secrets that Chandler discusses, you may too have a far easier time locking down phenomenal deals. In This Episode We Cover: The verbal and visual cues that show a sales prospect you’re trustworthy Why those that can handle rejection succeed not only in sales but in real estate Following the “sales logic” of preface, feature, and benefit  The huge advantage of investors buying “mid-priced” properties The differences between owning small multifamily, large multifamily, and self storage  Developing your property management team and using them to scale your portfolio And So Much More! Links from the Show: Brandon Turner's Instagram David Greene's Instagram Chandler David Smith's Youtube Channel: How Brandon Turner Changed My Life (Full Interview) AJ Osborne Website Tim Ferriss Website Garrett Myers Instagram GoBundance BiggerPockets Webinars BiggerPockets Pro Membership MLS (Multiple Listing Service) Craigslist Facebook Youtube Check the full show notes here: https://biggerpockets.com/show524 Learn more about your ad choices. Visit megaphone.fm/adchoices

You wouldn’t know how far Max Maxwell has come at first glance. Looking at his Instagram, you’ll see private planes, a wealth of knowledge on real estate, and seriously shiny Rolexes. Not many people know that only a number of years ago, Max was broke, without enough money to fill up his car with gas, and sleeping at his mom’s house after ten years of failed businesses. Max tried everything from running a property management company, to marketing, to managing a restaurant, and many other ventures. None of them truly stuck, causing Max to go from state to state, trying to find a successful business model that would make him wealthy. Now, Max is well known as a master in wholesaling, rental property investing, and philanthropy. He has always made an effort to help those in need and even went to Ghana with today’s host, Nasar El Arabi. These North Carolinian investors have truly gone from rags to riches and have been able to find meaningful, lasting success through real estate investing. In This Episode We Cover: How to get your start in real estate investing without any money  Finding yourself at the bottom and pushing yourself up to the top Finding, skip tracing, and marketing your first deal as a wholesaler  The “conveyor belt” system of off-market deal-finding Why every great real estate investor MUST be able to spot good deals Jumping into a new niche, even as an experienced real estate investor And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel Brandon Turner's Instagram David Greene's Instagram BiggerPockets Podcast 522: From “No Comma Paychecks” to 7-Figures Using These 5 Skills w/ Nasar El Arabi GQ Magazine Vogue Magazine Barnes & Noble REISkip REIRail BiggerPockets Conference BiggerPockets Pro Membership Real Estate Doru's Instagram Real Estate Doru's Website Real Estate Doru's Youtube Channel Check the full show notes here: https://biggerpockets.com/show523 Learn more about your ad choices. Visit megaphone.fm/adchoices

Nasar El-Arabi is a self-proclaimed “failure” when it comes to being employed. He wasn’t cut out for the banking industry, the call center, or the classroom. Some people aren’t meant to be employed, and Nasar was one of them. As soon as he was able to get his start in real estate investing, he realized that this was a path that could help him succeed, all while challenging him in ways the W2 world didn’t. Nasar has been wholesaling, flipping, and landlording for over a decade. He has amassed a seven-figure net worth, due to his sweat, grind, and problem-solving. Nasar has put together his list of the five most important traits of any successful real estate investor. These traits aren’t what you’d hear at corporate, and they require those who are interested in investing to put in the time, energy, and creativity to thrive. If you’re interested not only in real estate investing, but becoming a full-time investor doing what you love, make sure you pay careful attention to Nasar’s advice. While these aren’t traits you can simply switch on or off overnight, they are things that you can develop over the years you are investing, which can help you build wealth, reach financial freedom, and give you the life you’ve dreamed of. In This Episode We Cover: How to invest in real estate while making a median income  Diversifying your portfolio so you have multiple exit strategies and streams of income Why every investor needs to “become a rookie all over again” Using creative financing to structure deals that benefit the buyer and seller Leveraging partnerships to find cash, divvy up responsibilities, and purchase more real estate Owning a business and learning the skills that every leader needs to succeed And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Publishing BiggerPockets Bookstore Brandon's Instagram David’s Instagram BiggerPockets Podcast 116: How to Quit Your Job Through Wholesaling, Flipping, and Taking Action with Nasar Elarabi BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming BiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport Click here to check the full show notes: https://www.biggerpockets.com/show522 Learn more about your ad choices. Visit megaphone.fm/adchoices

People often tell each other to “stay positive” in light of grim circumstances or hard times. This consistent positivity can feel forced when going through something truly terrifying, but it’s exactly what helped Jeffrey Holst fight cancer, get out of bankruptcy, and retire in only seven years. Once Jeffrey committed to having no bad days, he was able to either change his day that was going poorly or see the positive in everything around him. This philosophy helped him spur on new relationships, find new partners, and close on deals creatively. It was never “we can’t close on this” for Jeffrey, it was “how can we close on this.” He uses what he likes to call the “sideways eight” strategy that allows him to have infinite returns when investing, all while giving his partners and private lenders a sizable profit. Jeffrey also talks about seeing the positive attributes of negative situations, and how he was able to leave his job as a lawyer and hit financial freedom due to his cancer diagnosis and later bankruptcy. If Jeffrey was able to dominate the multifamily market with an underwater net worth, think of what YOU can accomplish in the world of real estate investing! In This Episode We Cover: Buying properties without credit, money, or experience  Creative financing strategies that allow you take tackle bigger and better deals Fighting cancer and using hard times to fuel your success  Managing a portfolio of two-hundred and fifty units The “last life philosophy” and how it gives you a clear path to victory  Syndicating on a small scale to close multi-million dollar deals Analyzing your market as a "boots on the ground" investor And So Much More! Links from the Show: Carlton Sheets Real Estate Course Infomercial Matt Faircloth's BiggerPockets profile Tony Robbins' Website Hal Elrod's Website Four Reasons to Invest in Real Estate episode on the Old Fashioned Real Estate Show hosted by Brian Levredge and Jeffrey Holst Feras Moussa of Disrupt Equity BiggerPockets Podcast 488: From 4 Units to 2,000 and Why Large Multifamily “Isn’t So Scary Whitney Sewell of Life Bridge Capital GoBundance BiggerPockets Podcast 004: Commercial Real Estate Investing With Frank Gallinelli BiggerPockets Radio Podcast 002: Starting Out with Karen Rittenhouse – Subject To, Direct Mail, and Investing from a Woman’s Perspective Generational Wealth with Dr. Tony Pennells episode on the Last Life Ever Podcast Akamai Coffee Website Mike Tyson's Website Arnold Schwarzenegger's Website Shaquille O'Neal's Profile Richard Branson of the Virgin Group Check the full show notes here: https://biggerpockets.com/show521 Learn more about your ad choices. Visit megaphone.fm/adchoices

The hosts look and sound a little different today. There are no beards and we haven’t heard one metaphor containing jiu-jitsu lingo... That’s because Ashley Kehr and Tony Robinson, hosts of the Real Estate Rookie Podcast have taken over the BiggerPockets Real Estate Podcast! Ashley and Tony regularly talk about how rookies can get their first (or next) deal, but today they’re combining expertise to talk about something more controversial: rental arbitrage. Rental arbitrage is a form of subletting that allows long-term tenants to make massive cash flow off of short-term rentals. Someone who’s done this to an extreme is Rafael Loza. Rafael was working the night shift as his W2 job when he found out about short-term rental arbitrage. He sat on the idea for a few months, but ultimately tried out the concept on an apartment. This one apartment took home a massive profit, allowing him to quit his job and scale to fourteen units in just nine months. Now, Rafael has twenty-four active units, all grossing thousands of dollars a month in rent for him. Back in March of 2020, Rafael was projected to bring in forty-seven thousand dollars in revenue in one month alone. But, the pandemic hit, forcing him to pivot, switch strategies, and take advantage of the flourishing short-term rental market. He has his sights set on ownership, but now he’s simply raking in the short-term stacks. In This Episode We Cover: Rental arbitrage and why it’s a low-cost way to get into real estate investing Short-term cash flow vs long-term appreciation and combining the two The startup costs it takes to create an arbitrage empire How to pitch landlords on using their properties for short-term rentals Negotiating leases and adding a subletting clause to any lease you undertake Pivoting when your business hits a wall and combing back stronger And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel Brandon Turner's Instagram Tony's Instagram Ashley’s Instagram Real Estate Rookie Youtube Channel Airbnb Vrbo The Real Estate Rookie Podcast Clubhouse Check the full show notes here: https://biggerpockets.com/show520 Learn more about your ad choices. Visit megaphone.fm/adchoices

You may know Ashley Kehr from the Real Estate Rookie Podcast, but you may not know that only a short time ago she was a rookie herself. Ashley started as a property manager for a local investor and slowly made her way from owning one property to owning thirty-three long-term rentals, a short-term arbitrage property, two commercial units, and one mobile home park. Quite a diverse portfolio! What makes this even more impressive is that Ashley wasn’t coming into real estate with boatloads of cash. In fact, she and her husband have never collectively made more than six figures from their W2 jobs. So how does someone with a median income generate such a massive amount of cash flow, appreciation, and time freedom? Ashley discusses the five fundamentals of real estate investing that led her to seven-figure net worth. These fundamentals can be used by anyone, at any stage in real estate investing, no matter their experience level. If you’re ready to supercharge your investing and go from rookie to rockstar, commit to the game plan Ashley has laid out! In This Episode We Cover: How to invest in real estate while making a median income  Diversifying your portfolio so you have multiple exit strategies and streams of income Why every investor needs to “become a rookie all over again” Using creative financing to structure deals that benefit the buyer and seller Leveraging partnerships to find cash, divvy up responsibilities, and purchase more real estate Owning a business and learning the skills that every leader needs to succeed And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Publishing BiggerPockets Bookstore Real Estate Rookie Youtube Channel Real Estate Rookie FaceBook Group BiggerPockets Rookie Podcast Tony's Instagram Brandon's Instagram David’s Instagram Real Estate Rookie Bootcamp BiggerPockets Podcast 348: Full-Time Job, Full-Time Mom, and Full-Time Wealth From Rentals with Ashley Kehr BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming Click here to check the full show notes: https://www.biggerpockets.com/show519 Learn more about your ad choices. Visit megaphone.fm/adchoices

Marching along Bourbon Street last week was a parade with some of the best real estate investors in the world, celebrating another successful BPCon, ready to take on the world. Throughout the past week, attendees of the conference heard from world-class business leaders, investors, and authors, learning about everything from running a business to short-term rental markets, to self-storage, and more. On this live episode, your hosts, Brandon and David, are joined by Scott Trench, host of the BiggerPockets Money Podcast, Ashley Kehr and Tony Robinson, hosts of the Real Estate Rookie Podcast, and Liz Faircloth and Andresa Guidelli, hosts of The Real Estate InvestHER Podcast, plus special guest Esther, who has a widely impressive portfolio herself. You’ll hear the hosts talk about topics like how to connect with fellow investors, future trends influencing the real estate market, what’s working today (and what isn’t), plus a live version of the Famous Four and Fire Round. If you weren’t able to make it to this year's BPCon, plug into this episode and get on the waiting list for next year! In This Episode We Cover: What’s ‘firing up’ the hosts of the BiggerPockets Podcast Network? What investors can do in today’s market to ensure wealth tomorrow Future trends that allow investors to profitably pivot How BPCon helps connect investors, reshape ideas, and build wealth How to vet partners before you go in on a deal with them The top characteristics that contribute to your success as an investor  Why you should definitely be at BPCon 2022  And So Much More! Links from the Show: NPR (National Public Radio) Kevin Leahy's BiggerPockets Profile Mark Ferguson's InvestFourMore Wendy Papasan's LinkedIn Profile Noah Evans's LinkedIn Profile Rickey Rodriguez's BiggerPockets Profile Your First Real Estate Investment Podcast: How to Recover from the Great Recession and Leverage Creative Financing to Fund Your First Deal Joe Asamoah's BiggerPockets Author Profile AJ Osborne's Personal Website Steve Rozenberg's BiggerPockets Profile InvestHer's Partnership Question Guide Meetup Hal Elrod's Personal Website Dave Ramsey's Personal Website Cashflow The Board Game Matt Faircloth's BiggerPockets Author Profile BiggerPockets Calculators The Real Estate InvestHER Community Check the full show notes here: https://biggerpockets.com/show518 Learn more about your ad choices. Visit megaphone.fm/adchoices

Avery Carl is the go-to contact for short-term rental investing. Her business, The Short Term Shop and The Mortgage Shop not only helps find properties and secure loans for prospective short-term rental investors but also helps guide investors through their first vacation property purchase. While this type of property can be a cash flow king, it also takes more management and a bit more time upfront to get the system oiled and operating smoothly. Since we last talked to Avery, she’s quadrupled her portfolio from twenty-something short-term units to ninety-six units, sixty-one of which are large multifamily properties. Avery gives an in-depth analysis on why short-term rentals should hold a place in every investor's asset collection, and the common pitfalls investors go through when purchasing their first short-term rental. If you’d like to learn more about building wealth through short-term rental investing, grab Avery’s brand new book Short-Term Rental, Long-Term Wealth! In This Episode We Cover: Why having short-term rentals can help real estate investors mitigate risk How Avery added over seventy more doors to her portfolio in under two years The wrong vs. the right questions to ask when buying a short-term rental The five things people need to avoid when making their first STR purchase Why you may want to “bear-proof” your next cabin in the woods Not being afraid to ask questions when investing Why you should buy Avery’s new book Short-Term Rental, Long-Term Wealth And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl BiggerPockets Publishing BiggerPockets Bookstore AirDNA PriceLabs Airbnb Vrbo Facebook Marketplace Turo Realtor.com Vacasa Craigslist Amazon Check the full show notes here: https://biggerpockets.com/show517 Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone knows that financial education is one of the most crucial things to teach children at a young age. It doesn't just set them up to be wealthy, but it gives them the tools to be confident, choose delayed gratification, and hopefully, impact another young person’s life one day. This is understood wholeheartedly by Rashad Bilal and Troy Millings, former financial advisor and school teacher. What had started as a small classroom experiment in teaching children financial literacy turned into a media empire. Rashad and Troy shared their class teachings online, which pushed them to create a course for the kids, and later into the Earn Your Leisure podcast, where they talk about everything ranging from high-value financial concepts to sports to entertainment and more. What keeps Rashad and Troy going is knowing that their work is allowing thousands of people to improve their life situations, whether children or adults. The duo not only talks extensively about the difference between financial assets and liabilities but about relationship assets and liabilities. This helps answer the question: who’s helping bring you up and who’s trying to keep you down? In This Episode We Cover: The importance of spurring on financial literacy for young kids  How to teach your children about money and examples you can use The role that playing sports had in Rashad and Troy’s lives Assets over liabilities and why you need to invest in relationship assets as well Stocks, ETFs, multifamily, and cryptocurrency investments Staying committed to your goals and following through And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Conference 2021 BiggerPockets Agents Finder BiggerPockets Insights EYL Episode #63 Money Machine by Earn Your Leisure Airbnb Brandon's Instagram David’s Instagram OpenDoor Capital Click here to check the full show notes: https://www.biggerpockets.com/show516 Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s not uncommon for investors to start out by buying properties in their home markets. It makes things like neighborhood research, rehabs, and tenant showings so much easier when you’re only a short drive away from your property. That’s how Dave Meyer, VP of Data and Analytics right here at BiggerPockets, feels. Dave is currently living in Europe and has invested exclusively in Denver, where he used to call home. Now, as an entirely remote landlord, he’s seen the data on how many markets (like Tampa, Florida) are doing phenomenally for appreciation and rent increases. David Greene, out-of-state investor and the man who literally wrote the book on long-distance real estate investing is here to offer some much-needed council. With David having the experience as an agent and out-of-state investor and Dave having robust housing data at his disposal, the two come up with some clear plans to invest in up-and-coming markets. David and Dave talk about cash flow, appreciation, wage growth, the investing “spectrum”, and why so many real estate investors aren’t planning far enough ahead. In This Episode We Cover: Cash flow vs. appreciation and which one matters most to you Developing your investment strategy and picking markets where it works Balancing the benefits of real estate investing and the investing “spectrum” What makes a market appreciate and cause rents to rise? What to do once you’ve found a great market to invest in Questions you should ask every out-of-state agent and property manager Where Dave and David are both looking to invest And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Conference 2021 BiggerPockets Agents Finder BiggerPockets Insights BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! Zillow Check the full show notes here: https://biggerpockets.com/show515 Learn more about your ad choices. Visit megaphone.fm/adchoices

Once the housing market started to slide in 2007, smart investors began buying, and waiting, for rock-bottom prices to kick in. Investors were buying homes in some of the best markets for dimes on the dollar, and have seen massive profits whether keeping them as buy-and-hold rentals, BRRRR deals, or flips. While small investors started buying a couple of houses a year, institutional investors were doing far, far more. Private equity funds, along with REITs and hedge funds knew that foreclosed homes were a steal, and their economies of scale made it even easier to turn these financially mismanaged properties into appreciation and cash flow kings. As institutional investors began fixing up these homes, listing them for rent, and later selling them, the entire market moved in an upward direction. Now, first-time homebuyers are competing with these economic powerhouses to lock down their first primary residence or rental property. A man who has been covering this topic for years is The Wall Street Journal's, Ryan Dezember. Ryan has a keen understanding of what influences the housing market as a whole, why institutional investors are making the moves they are, and what this means for small mom-and-pop landlords. Dave Meyer also joins David Greene on this episode to discuss the ways small landlords can beat Wall Street at their own game. In This Episode We Cover: Why home prices dropped to the lowest point in 2011 How the pandemic gave institutional investors more buying power Who are the “wall street buyers” that are buying thousands of single-family homes? Why you should “find the tenant” before finding your next property The “carbon monoxide” of investing that most investors aren't paying attention to How institutional investors use economies of scale to rapidly rehab homes What small investors can do to beat institutional investors at the closing table And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Conference 2021 Blackstone Zillow Redfin BiggerPockets Insights BiggerPockets Show 515 Check the full show notes here: https://biggerpockets.com/show514 Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to another episode of Seeing Greene with BiggerPockets Podcast host, top real estate agent, and BRRRR master himself, David Greene. Today’s episode touches on many topics that relate to the BRRRR strategy, ranging from financing, rehabbing, calculating cash flow, and where to find deals. Since the BRRRR method is such a popular strategy among real estate investors, we thought it best to have an episode that touches on so many aspects of the BRRRR strategy itself. Not only has David written the book on BRRRR investing, but he also continues to do BRRRR investing in his real estate career. This strategy is not only one of the best ways to get into real estate with low (or no) money down, it’s also a method that works on building generational wealth for you in the background. Have a question you want David to answer on the next Seeing Greene episode? Submit your video submission at Biggerpockets.com/david. In This Episode We Cover: Whether you should refinance a BRRRR in your personal name or an LLC Using agents or wholesalers to find your next BRRRR property Why some markets simply won’t cash flow (and why that isn’t necessarily a bad thing) The minimum cash flow requirements for a multifamily property Hard money loans vs construction loans when performing a BRRRR How to get financing when your property is not a traditional rental or commercial building And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Rental Property Calculator BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions BiggerPockets Podcast 487: 10 Common Real Estate Investing Questions Answered by David Greene BiggerPockets Podcast 473: Quitting the Police Force, Wholesaling, & Buying Notes with David Greene\ Submit Your Questions to David Greene Click here to check the full show notes: https://www.biggerpockets.com/show513 Learn more about your ad choices. Visit megaphone.fm/adchoices

Back in 2004, Jude Bernard was sitting at a blackjack table in Vegas. This wasn’t his first game of the day, nor his second, or even his third. Jude had been sitting at that blackjack table for thirty hours straight. When the final game ended, he walked away, $150,000 poorer than he started. Jude then found the closest tattoo parlor, walked in, and got the phrase “never again” tattooed on his hand as a testament to his mistake. Now, Jude runs a rental and flipping empire, settling for no less than seven-figure profits on his fix and flips. He also runs The Brooklyn Bank, a non-profit designed to help economically empower people of color in New York City. Through his earlier gambling mistakes, Jude realized that no matter what, the “house” always wins. So, he searched for a way that he could become the “house” in his environment, and the best way was through real estate investing. Jude has built a very strong foundation for his real estate investing through taking calculated risks, nurturing his relationships, and letting his fears fuel his fire. Jude is currently raising money to help the people of Haiti through their most recent natural disaster. Brandon and David have both pledged $5,000 each. To help out, even more, Brandon wants all listeners to know that If you donate $5,000 to The Brooklyn Bank organization, Brandon will host you in Maui! For full details please contact Matt@odcfund.com. In This Episode We Cover: Purchasing properties in very expensive markets (like New York City) Building relationships with everyone you talk to, funneling more deals into your pipeline  Making sure every deal has a seven-figure upside (seriously!) Using your greatest fears to propel you to the next level  Gambling addiction and the message behind why the “house” always wins How the Brooklyn Bank is helping build a pathway out of poverty  How you can spend a week with Brandon and help support a great cause And So Much More! Links from the Show: BiggerPockets Podcast 512: From Losing $150k at the Blackjack Table to 7-Figure Profits in Real Estate BiggerPockets Podcast 455: Mixtapes to Millions in Real Estate with DJ Envy and Cesar Pina The Brooklyn Bank  Brandon’s Maui MasterClass Brandon Turner's Instagram David Greene's Instagram Matt@odcfund.com donations@thebrooklynbank.com Check the full show notes here: https://biggerpockets.com/show512 Learn more about your ad choices. Visit megaphone.fm/adchoices

So many BiggerPockets listeners are out there killing it in the world of real estate investing. But, with growth and positive change comes more and more questions. On today’s coaching call, David Greene talks to Carly, Michael, and Katie about three different problems that present three specific solutions. Carly is trying to weigh the risk of investing in a declining market, Michael wants to shake off the “agent shame” that comes with lead generating as a realtor, and Katie wants to power her growth with more revenue and more cash flow. Each of these real estate professionals is in a different spot: one is a small-time landlord, one is a new agent, and the other is a fix and flip veteran. Even with completely different investment plans, all three of these investors are able to find simple, meaningful solutions when talking with David. The topics touched on in this episode include creating an investment strategy, house hacking, finding the right property managers, growing your confidence, purchasing commercial real estate, and more. If you want to get in on the next call with David, click this link to apply! In This Episode We Cover: Should you invest in an area with a declining population but great cash flow? How to mitigate your investment risk by purchasing a house hack property Using referrals to find your next property manager  Putting your clients best interest first and showing confidence Starting businesses in different verticals that can empower your current business  Turning your biggest expenses into revenue generators Taking advantage of using a Key Principle on larger deals And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel Simplisafe BiggerPockets Wealth Magazine The BiggerPockets Bundle Giveaway Submit your Question for David Greene to answer! BiggerPockets Find an Agent Keller Williams Amazon Prime Check the full show notes here: https://biggerpockets.com/show511 Learn more about your ad choices. Visit megaphone.fm/adchoices

As an entrepreneur, you may be used to putting in hours of work learning new tactics, skills, and strategies. Your business rests on your shoulders, and why wouldn’t it, you’re the one who built it from the ground up. While it’s a commendable feat to build a profitable business, it can also be a prison sentence for many “hands-on” entrepreneurs. This is how Sam Carpenter, author of Work the System felt as he put in 110 hours a week just to keep his business afloat. Sam realized why he was working so hard without seeing results: there were no systems in his business. Once he started implementing systems and processes, he went from 110+ hour weeks to 2 hour weeks. The same happened with one of his students and now partner, Josh Fonger, who runs Work the System Enterprises where he helps business owners from over 50 countries scale their businesses with far less headache. If you’ve ever felt that your business relies on you too much to take a day off, take a vacation, or simply work less every week, these are the two guys you need to talk to. Josh and Sam were kind enough to take three live guest calls on this episode’s recording to help with their specific business problems. As all the guests are real estate investors and professionals, much of the advice may translate to your business as well! In This Episode We Cover: Why a system doesn’t need to (and shouldn’t) be complicated to design and implement Reducing your time, effort, and energy spent on work Understanding which systems need to be fixed or removed entirely front our life How to stop playing “whack-a-mole” with your business processes Why so many businesses fall behind after improving  Creating a sustainable solution that gives you (the entrepreneur) maximum freedom And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Podcast BiggerPockets Bookstore Open Door Capital BiggerPockets Insights BiggerPockets Books BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors BiggerPockets Podcast 137: How to Use Systems to Scale Your Real Estate Business with Sam Craven Work the System Website Click here to check the full show notes: https://www.biggerpockets.com/show510 Learn more about your ad choices. Visit megaphone.fm/adchoices

If you scroll through Manny Khoshbin’s Instagram, you’ll see wealth, success, and a lot of very nice automobiles. You may look at his life and say “well, that must be nice”, but there is much more to Manny than Ferraris and private planes. A few decades ago, Manny was homeless, sleeping in a car with five other family members, simply trying to survive in America. Manny’s dad wanted to protect his son from entering the military in Iran, so two weeks before Manny’s birthday, the family packed up and left for the United States. They were homeless for a couple of months but slowly were able to find jobs and scrape together some money. Manny worked at a swap meet, a K-mart, a multi-level marketing company selling snacks, and other various jobs. As he was working he realized that the people driving the Porches, Lamborghinis, and Mercedes were all investing in real estate. After making money in his entrepreneurial endeavors, he bought his first commercial property. Now, two and a half decades later, Manny is sitting on a billion dollars worth of real estate. Oh, and did we mention he bought this all without syndicating? In This Episode We Cover: Manny’s “American Dream” story from immigrant to multimillionaire  Why commercial real estate is such a profitable investment Value-add opportunities and flipping commercial real estate over the span of a few years Which real estate industries are on the downward trend (and which to invest in) The steps new real estate investors should take to make it big Why Manny’s luxury cars are an investment, not just toys And So Much More! Links from the Show: auction.com BPCON2021.COM Elon Musk Holly Burton Dave Ramsey SpaceX FedEx CVS KMart Amazon Target Books Mentioned in this Show: Trump: The Art of the Deal by Donal Trump Manny Khoshbin’s Contrarian Playbook by Manny Khoshbin Driven: The Never-Give-Up Roadmap to Massive Success by Manny Khoshbin Check the full show notes here: https://biggerpockets.com/show509 Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s tough out there. Between investors, agents, and wholesalers, everyone you know wants to get a home under contract. So what do you do when there is an influx of buyers and the same amount of sellers? Start building systems that can beat out your competition and will flow deals directly to you for years to come! Now we know what you’re saying, “I wish that were possible”, but it may be easier than you think.  Trevor Mauch, founder of Carrot, spent years manually chasing after deals. Cold calling, door knocking, direct mail, and every other method you can imagine; he's tried it. While these strategies work great for many people, they’re labor-intensive and incredibly hard to scale. Trevor looked at the marketing he was doing that WASN’T outbound and realized it wasn’t only creating leads for him, but doing so while he slept. He then started building out Carrot, which helps set up agents, investors, wholesalers, and anyone else who wants off-market deals with websites that convert consistently every day. What sets apart Carrot from most “we buy houses for cash” websites is their “evergreen content” production. This content ranks you higher on google, gets sellers and buyers reaching out to you, and allows you to do less work and close on more deals. Learn more about how to make this happen at carrot.com/pockets In This Episode We Cover: Getting out of the “hamster wheel” lead generation work  Outbound vs. inbound marketing and which requires less work from you Why social media isn’t enough in this heavily digital age  Building your “authority hubs” so sellers or buyers can trust your business  Focusing on locations and niche markets to find more buyers and sellers What Trevor thinks will happen in the housing market over the next few years And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel Zillow Carrot Software Company EP 246: How to Double Your Commissions Without Doubling Your Team w/ David Greene of Bigger Pockets [HYBRID Part 1] How to Get More Motivated Seller Leads (with no paid ads) Using 1 Proven, Simple Marketing Strategy (Free Live Workshop) Offerpad Opendoor Redfin Realtor.com Trulia WordPress Fresh Chalk David's Instagram Farr Group Simplysold.com Rev Kind House Buyers House Heroes Check the full show notes here: https://biggerpockets.com/show508 Learn more about your ad choices. Visit megaphone.fm/adchoices

Finishing a triathlon is a grueling achievement, only accomplished by those who are in peak physical and mental condition. Once finished, the top of the top go on to train for an Ironman, arguably the toughest triathlon on the planet. One hundred and forty miles of pain and pressure, broken up into a two-mile swim, a one hundred and twelve-mile bike ride, and a twenty-six-mile run. This is not a race for the faint of heart, and if you can finish just one, you have bragging rights forever. What would it take for someone to finish not one ironman, not two, not ten, not twenty, but 100 consecutive Ironman races, back to back? Wake up, swim, bike, and run over one hundred and forty miles, go to sleep, and do it all over again. That’s what James “Iron Cowboy” Lawrence did, smashing through world records and personal goals. James sits down with Brandon and David today to talk about mental toughness, creating goals that scare you, gradually working your way up to mastery, and asking “what am I willing to sacrifice to reach the end?” James had to run a business, take care of his seven-person family, and compete for more than a quarter of a year straight. If he can conquer one of the greatest physical and mental feats the world has ever witnessed, what’s stopping you from accomplishing your goals? In This Episode We Cover: Pushing yourself past the limit to see what you’re truly capable of Breaking multiple world records and developing mental toughness  Why your goals should scare you enough to pursue them Why you don’t need to 10x your output and the importance of small steps Finding what you’re willing to sacrifice to reach your goal Why every great athlete, entrepreneur, and leader needs a rockstar team  Choosing the person who “doesn’t break” under hard circumstances And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Podcast BiggerPockets Bookstore Open Door Capital BiggerPockets Perks BiggerPockets Insights BiggerPockets Books BiggerPockets Podcast 485: Atomic Habits That Help You Achieve Unthinkable Success w/ NYT Best Selling Author James Clear James “Iron Cowboy” Lawrence's Website Click here to check the full show notes: https://www.biggerpockets.com/show507 Learn more about your ad choices. Visit megaphone.fm/adchoices

Financial freedom is attainable for all of us, but how fast we reach it differs greatly. You may be making $100 profit per month on each single-family home you buy, but what if you could multiply that profit? A duplex becomes $200 per month, a fourplex, $400, and a 16 unit apartment will net you a solid $1,600 per month. Now, it’s not a goal of buying 50+ single-family homes to reach financial freedom, it’s buying 10 or so small multifamily investments.  This simple mindset tweak can change your life and investing career forever, it certainly did for Brandon Turner, host of The BiggerPockets Real Estate Podcast and author of The Multifamily Millionaire. This pre-recorded webinar walks through the key benefits of investing in small multifamily, how to find and finance deals, risks to look out for, and scaling so you can go full-time in real estate. There are tons of tips, tricks, and free giveaways (including discount codes) throughout this episode, and if you’re looking for visuals, head over to the BiggerPockets Youtube Channel to see the full slideshow!  In This Episode We Cover How to reach financial freedom through small multifamily investing The four key benefits of investing in multifamily properties How to find deals (even if you live in an expensive area) How to analyze your multifamily deals using the BiggerPockets Calculators Financing your deals using FHA loans, conventional loans, and seller financing Risks and dangers to look out for in your next deal And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel The BiggerPockets Bundle Giveaway BiggerPocketsWebinar: How to Become a Real Estate Millionaire (presented by Brandon Turner) BiggerPockets Podcast 463: How to Get Your First or Next Property (Step-by-Step) in 90 Days BiggerPockets Rental Property Calculator BiggerPockets Podcast BiggerPockets Webinar Replays BiggerPockets Bookstore BiggerPockets Perks BiggerPockets Insights BiggerPockets Books BiggerPockets Multislides BiggerPockets 7 Years to 7 Figure Wealth BiggerPockets Pro Upgrade Realtor Open Door Capital Gary Keller Multiple Listing Service (MLS) Email Your Questions: podcast@biggerpockets.com Check the full show notes here: https://www.biggerpockets.com/show506 Learn more about your ad choices. Visit megaphone.fm/adchoices

You hear Brandon Turner’s voice quite often on the BiggerPockets Real Estate Podcast, but rarely is it heard advising new investors. Today, Brandon is taking on three live “coaching calls” with three investors, all in different stages of their investing career. Brandon and the guests talk through topics like scaling your business, branding your real estate company, and when the right time to hire is. These investors have portfolios ranging from a few units to more than forty, making this an episode that any investor can listen to, no matter where they’re at in their real estate investing journey. This advice is hand-tailored for each investor, and comes from someone who has made it out of that “awkward teenage investing” phase. In This Episode We Cover: How to hire out property management when your portfolio begins to grow Appealing to higher authority when you have to make tough decisions Acting like you own the portfolio you’re trying to scale to Branding your real estate company so people can trust you and invest with you Starting your own meetup if you don’t find one that clicks Understanding that “everything gets easier as you grow” And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel The BiggerPockets Bundle Giveaway Cozy Apartments.com Ring Central Google Voice Mobile Home Park Investors with Jefferson Lilly & Brad Johnson The Mobile Home Park Investing Podcast with Kevin Bupp Pay Near Me BiggerPockets Facebook Page BiggerPockets Facebook Group BiggerPockets Instagram Airbnb Are Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do! (Youtube Video) BiggerPockets Conference Email Your Questions: podcast@biggerpockets.com Joe's BiggerPockets Profile Joe's Instagram Joe's Facebook Page Check the full show notes here: https://www.biggerpockets.com/show505 Learn more about your ad choices. Visit megaphone.fm/adchoices

Wouldn’t it be nice to be a millionaire? Sitting under a palm tree, relaxing, with plenty of money set aside for you. To be in that position you not only have to escape the rat race but pledge to live a life of continual improvement, always looking for ways you can be better. That’s exactly what Brandon Turner and David Greene did to reach their multimillionaire status and live a life of greatness. In this episode, we continue listing the ten steps to become a millionaire, with a bonus step at the end. If you didn’t hearlast week’s episode, check out episode 503 for the first five steps mentioned by David and Brandon. This time, we talk about things like harnessing synergy, upgrading your social circle, quitting the things that hold you back, searching for continual improvement, and always giving back. Think of becoming a millionaire less as a singular task and more as a continual journey. If you put in the work and follow these steps laid out by David and Brandon, you’ll have a high chance of becoming a millionaire (if not a multimillionaire) within the next decade. So get out there, meet people, make opportunities, and achieve the impossible. In This Episode We Cover: Getting on a team where your strength is amplified  Surrounding yourself with those who overachieve and push you higher Finding a way to quit everything repeatable or assignable  Doing what others view as “hard” and pushing yourself to be great Helping others upgrade their lives and giving back whenever possible Taking advantage of this strong economy to tackle as much as you can And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel The BiggerPockets Bookstore GoBundance Open Door Capital Email Your Questions: podcast@biggerpockets.com BiggerPockets Podcast 217: How to Work Less and Earn More Using the 80/20 Rule with Perry Marshall BiggerPockets Podcast 457: How Thinking 5 Moves Ahead Can Make You Millions with Patrick Bet-David Click here to check the full show notes: https://www.biggerpockets.com/show504 Learn more about your ad choices. Visit megaphone.fm/adchoices

You probably know Brandon Turner and David Greene as multimillionaire real estate investors. What you may not know, is that a decade ago this was a very different story. Brandon didn’t grow up in a wealthy family, and by his 20s, had packed on about $20,000 of credit card debt while spending $1,000 more than he could afford each month. David grew up in a family where finances were a constant stressor, he later vowed to himself that he would never let money problems hurt him or the people he loves. Now, both Brandon and David have made the long journey from rags to riches, and through investing in real estate they were able to pull themselves up by their bootstraps and reach financial independence. Today, we talk through the first five (of ten) steps that helped Brandon and David reach this financial feat.  This is a great episode to take notes on, as becoming a millionaire is close to impossible without following most, if not all of these steps. While this episode isn’t entirely focused on real estate investing, a large part of being a successful real estate investor is financial intelligence. Even if you’ve made mistakes in the past with investments, debt, spending, or any other financial lever, following these ten steps will give you a solid framework to stair-step your way into millionaire status.  In This Episode We Cover How Brandon and David discovered their need for financial independence early in life  Thinking of money the same way you think about fitness and health Reaching huge financial milestones, even if you started out with extra obstacles Fighting lifestyle creep and never falling into the Ferrari trap  Building an income stream that is scalable, passive, and automated  The “stair-stepping” method that leads to massive wealth accumulation And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel The BiggerPockets Bookstore Alan Corey Gary Keller BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions with Cameron Herold BiggerPockets Podcast 461: Defeating the “Enemy of Success” with Steven Pressfield (The War of Art) GoBundance YNAB (You Need A Budget) Mint Open Door Capital Email Your Questions: podcast@biggerpockets.com Check the full show notes here: https://www.biggerpockets.com/show503 Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to another episode of the BiggerPockets Podcast. Today, we’re trying a new format where David Greene and Dave Meyer bring on an expert in the real estate investing space and talk through all the market trends, legislature, and other factors influencing the housing market and economy. As our special guest, Kathy Fettke from the Real Wealth Network joins us to talk about housing market predictions in 2021 and beyond, the eviction moratorium (and its effects after ending), and where investors should start looking for opportunities. We touch on economic concepts like supply and demand, how this market compares to 2007’s bubble, why millennials are soon to become the biggest buying cohort in America, and the underbuilding crisis that we’re currently facing. If you’d like to request a topic for discussion or ask a question, send us an email at podcast@biggerpockets.com with NEWS in the subject line! In This Episode We Cover: Housing market predictions for 2021 and beyond Comparing today’s high values to the values back in 2007 The eviction moratorium and the impact it had on mom and pop landlords Understanding the difference between the dollar crashing and home values skyrocketing  When we will return to a more “normal” housing market  Why millennials face an uphill battle when trying to purchase homes And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel Dave's Real Estate News NMHC Rent Payment Tracker Email Your Questions: podcast@biggerpockets.com Check the full show notes here: http://biggerpockets.com/show502 Learn more about your ad choices. Visit megaphone.fm/adchoices

We’re back with another episode of “Seeing Greene” with David Greene! Listeners and investors have submitted their questions via video and through the BiggerPockets Facebook Groups and BiggerPockets forums over the past month, we’ve compiled some of the best (and most frequently asked) questions so David can answer them live on air! This episode goes over a handful of different topics with questions from agents, wholesalers, new home buyers, rookie investors, veteran investors, and others just trying to get into real estate investing. These questions are not only common, but crucial when trying to understand purchasing, structuring, and optimizing real estate investments. If you want to ask David a question, click here to submit a video for David to answer on the next “Seeing Greene”! Want an answer right away? Head over to the BiggerPockets forums to get help from millions of other real estate investors, just like you. In This Episode We Cover: How to become a star agent in a brand new (or competitive) market Should you use points to get lower interest rates? How soon can you refinance a house purchased in cash? What are some factors of a successful short-term rental? How would David escape a triangle hold from Brandon Turner? How do you structure partnerships? And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Bookstore David’s Instagram BiggerPockets Bundle BiggerPockets Wealth Magazine Submit Your Questions to David Greene Click here to check the full show notes: https://www.biggerpockets.com/show501 Learn more about your ad choices. Visit megaphone.fm/adchoices

Robert Kiyosaki is arguably the most influential author in the finance, real estate, and investing space. His book, Rich Dad Poor Dad, has sold over thirty million copies and has been translated into forty different languages across forty different countries. Since its inception in 2002, Rich Dad Poor Dad has become almost every investor’s favorite book, prompting them to get out of the rat race, pursue financial independence, and teach them everything Robert’s “Rich Dad” taught him. Robert has seen numerous housing cycles, including crashes, booms, and busts. His knowledge of micro and macroeconomics is astounding (to say the least) and he has some strong predictions for the future of real estate investing and the global economy as a whole. We talk about capitalism, marxism, communism, inflation, debt, assets, liabilities, and everything in between. This episode is not only crucial for anyone who is a fan of Robert’s books, board games, and videos but anyone who truly wants to learn the game of real estate. As a general word of advice: Robert has some very strong opinions that he voices throughout this episode, and even if you disagree with any (or many) of them, it may serve helpful to listen to his full explanations of his takes. Robert has built an incredibly successful life, but started as a child of a financially dependent family, served in the marines during the Vietnam war, and has fought hard to keep capitalism alive and well in the United States, and abroad. Be sure to grab Robert’s new book, Capitalist Manifesto, and thank you for joining us for the 500th episode of The BiggerPockets Podcast! In This Episode We Cover: Why Rich Dad Poor Dad remains a timeless classic in the investing world Why Robert favors real estate, precious metals, and cryptocurrency above other assets The difference between an asset and liability, and why so many Americans confuse them Writing (and fighting) for freedom, prosperity, and wealth  Paying attention to the macroeconomic trends and using them to make smarter investing decisions The assets that Robert is bullish on in today’s market Why you need to love studying real estate to become successful And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Bookstore Brandon's Instagram David’s Instagram BiggerPockets Bundle BiggerPockets Wealth Magazine BiggerPockets Podcast 479: 10 Powerful Lessons Brandon Learned Building a $50M+ Rental Portfolio Ray Kroc's Story Dave Ramsey's Website Cashflow Game GoBundance Ken McElroy's Website David's Guesting on Ken McElroy's Show Jordan Peterson's Website Check the full show notes here: https://biggerpockets.com/show500 Learn more about your ad choices. Visit megaphone.fm/adchoices

Many people call themselves “entrepreneurs” nowadays. Essentially, anyone who can make some kind of income on their own is an entrepreneur, but there is a big difference between an entrepreneur and a business owner. While an entrepreneur can start businesses, a business owner can build, enhance, and delegate out a business. This is something that today’s guest, James Wedmore, is proficient at. James’ experience in this field speaks for itself, he’s an 8-figure CEO, a highly sought-after coach for successful business leaders, and runs the Mind Your Business Podcast. He has a unique viewpoint when looking at growth, which allows many business owners to take a step back and think “what is truly achievable?” James helps business owners grow their businesses into scalable, profitable, and successful operations. He focuses on building a “machine” that can run as a business, as opposed to a business owner doing 10+ different tasks, solely because they can. He also talks about the importance of having urgency in your product offering and giving your business what it needs to thrive, not just trying to extract what you need from it. In This Episode We Cover: The difference between entrepreneurs and business owners Why so many business owners get bored of their business Addressing the needs of your business and asking “what does it want from me?” Letting go of technician roles in a business and delegating tasks Getting rid of bad habits through mindful integrity Forgiving yourself for mistakes, self-judgment, and blame And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Bookstore Brandon's Instagram David’s Instagram OpenDoor Capital Mind Your Business Podcast BiggerPockets Podcast 484: 3 Ways to Simplify Your Real Estate Investing with Brandon Turner BiggerPockets Podcast 449: How Emails Are Constantly Destroying Your Productivity with Cal Newport Click here to check the full show notes: https://www.biggerpockets.com/show499 Learn more about your ad choices. Visit megaphone.fm/adchoices

When most people think about section 8 housing, they think of run-down homes, troublesome tenants, and negligent landlords. This stereotype may prove true in some markets, but for Dr. Joe Asamoah, this is far from reality. Joe has built his real estate portfolio by renovating homes to an incredibly high standard, situated in some of the best neighborhoods in the DC market, and all while under section 8 housing. Joe figured out early on that section 8 housing authorities gave much more rent money for houses with 5 bedrooms and up, so he started renovating to match the rent section 8 could provide him. This not only allows him to take home a sizable profit, but score tenants who will respect his homes as their own, and stay there for 15 to 20 years minimum. This is no joke, Joe has tenants who have been with him for two decades! You’ll see a deep dive of Joe’s latest property in today’s episode, complete with pictures, videos, and other helpful visuals. If you’re only listening to this podcast, we’d highly recommend checking out the video version over on the BiggerPockets Youtube channel! In This Episode We Cover: What the “Big City BRRRR” strategy entails How to control tenant turnover so you have ZERO vacancy  Using section 8 to take in higher rents How to create a top tier product that attracts top tier tenants  Becoming the best landlord a tenant could ask for Adding bedrooms, bathrooms, and getting permits for everything in between And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Bookstore Brandon's Instagram David’s Instagram BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah Rookie Podcast 03: Coronavirus Crash? Do's and Don'ts from Recession Veterans Joe Asamoah and Steve Rozenberg BiggerPockets Youtube: Big City BRRRR Strategy & Recession Proof Cash Flow Real Estate with Joseph Asamoah! Check the full show notes here: https://www.biggerpockets.com/show498 Learn more about your ad choices. Visit megaphone.fm/adchoices

We’re back for part two with The Multifamily Millionaire authors Brandon Turner and Brian Murray. This time, Brian is on the mic to give you the ten steps to purchase your first large multifamily property. You may be thinking that these ten steps sound too easy for such a large deal, but that is part of the advice that Brian gives. Brian wants smaller multifamily owners or even single-family owners to know that buying a large multifamily property is just more volume, not a completely different skill set. If you own one or multiple units right now, you may have more skills than most to take down a 100-unit apartment building or a big mobile home park. The only thing standing in your way is the mindset. This episode just scratches the surface of what’s possible in large multifamily real estate investing, the rest can be found in The Multifamily Millionaire Volume II. As a reminder, if you purchase before the end of August 2021, you’ll get a four-week multifamily masterclass, taught by Brandon Turner. In This Episode We Cover: Why chasing larger deals leads to larger profits  Understanding the skills needed to become a successful multifamily investor Shrinking your criteria down to a micro-level, not just a macro overview Starting (or investing in) syndications so you can get into bigger multifamily deals Capital stacks, debt, and other types of financing when buying large properties Why underwriting is more than just putting numbers into a spreadsheet And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Bookstore Brandon's Instagram David’s Instagram BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray Discover the Multifamily Book bonuses  Click here to check the full show notes: https://www.biggerpockets.com/show497 Learn more about your ad choices. Visit megaphone.fm/adchoices

For the most part, Brandon Turner was able to achieve financial independence through small multifamily investing. This is why investing in duplexes, triplexes, quadplexes, and even 24-unit apartment buildings can be a fantastic learning experience and money maker for new landlords. But how do you get started if you’ve never bought a property before? Brandon and his co-author of The Multifamily Millionaire, Brian Murray, walk through the seven steps to go from real estate onlooker to small multifamily master. We talk about everything from defining your criteria, financing, management, lead generation, and more. If you’re looking to build a portfolio of small multifamily properties that will allow you to break out of the rat race and do more of what you love (which may be large multifamily), make sure you not only listen to this whole episode but get Brandon and Brian’s new book! This is a two-part episode series. In part one we talk about small multifamily and in part two we talk about large multifamily, both episodes have crucial information for anyone trying to get into the multifamily space! In This Episode We Cover: The difference between small multifamily properties and large multifamily properties Financial independence vs. generational wealth and understanding which goal you have Why you don’t necessarily need to start small in multifamily Defining your crystal clear criteria and knowing what you want On-market leads vs. off-market leads and the pros/cons of both Financing small multifamily properties and house hacking The “multifamily warp” that takes you from newbie investor to multi-millionaire And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Youtube Channel BiggerPockets Bookstore Realtor.com LoopNet Zillow Jason Drees's Coaching Ryan Murdock's Instagram Mike Williams's LinkedIn Profile Micah Cabagbag's Instagram BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray Check the full show notes here: https://www.biggerpockets.com/show496 Learn more about your ad choices. Visit megaphone.fm/adchoices

It often seems like the most successful people are the ones who take the most risks. There’s no surprise that at one point, billionaire entrepreneurs were given the choice to either stay where they stood or leap for something greater. This is something that today’s guest, Sukhinder Singh Cassidy, understands. She’s helped lead some of the biggest companies around like J Crew, Stitch Fix, TripAdvisor, and Urban Outfitters (just to name a few). The one thing that Sukhinder has found throughout her years in Silicon Valley and through writing her new book, Choose Possibility, is that groundbreaking leaders don’t just take one big risk, they take several small ones. This works for real estate investors too. If you’ve just gotten into real estate investing education, the first step for you isn’t to go out and buy a house, it’s to join a meetup, contact an agent, or even join the BiggerPockets forums. These are what Sukhinder calls the “minimum viable choice”. Don’t worry about doing everything, just do something! Sukhinder gives some great advice on leadership for those in executive business roles, plus how to find talent in this increasingly competitive market. If you’re just starting in your career, take Sukhinder’s advice and do great work for great people, the rest will fall into place. In This Episode We Cover: How Sukhinder’s love of entrepreneurship began “Coconut events” vs. “subway events” (and how you can plan for both) Embracing uncertainty and calculating your risks Starting in Silicon Valley and building a strong reputation  Choosing to make the “minimum viable choice” whenever possible How to know whether you’re managing others or having others manage you What leaders and business owners can do to attract the best talent And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Youtube Channel OpenDoor Capital Brandon and David’s Books BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions BiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok Choose Possibility Website Click here to check the full show notes: https://www.biggerpockets.com/show495 Learn more about your ad choices. Visit megaphone.fm/adchoices

There’s a new three-peat on the BiggerPockets Real Estate Podcast, and no, it’s not Michael Jordan. Danny Johnson, the founder of Forefront CRM, is back with us on today’s episode to talk about the five F-words of real estate investing. Before you jump to conclusions, this is a family-friendly show, the F-words we’re talking about are fear, fundamentals, focus, funnel, and follow up. Many investors find too few deals, too few motivated sellers, or too few ways to find financing. This is all being said while other investors are closing deals, finding motivated sellers, and getting the financing they need to pursue even more deals. What separates the two from each other? Often, it comes down to the simplest things. Are you trying to be too creative or are you mastering the fundamentals? Do you know your metrics down to a tee so you can improve upon them? How is your funnel being filled and where are your leads coming through? If leads come through, are you following up or letting them fade away? And lastly, are you pushing past your fear to do any of the above things? If you feel like you’re stuck, without much of a handle on your real estate business, feel free to try Danny's Forefront CRM! In This Episode We Cover: How to create time freedom in a business largely depends on your efforts Tracking how your team performs their work and continuously improving Pushing past fear and not allowing laziness to stop your dreams  Understanding the fundamentals and performing them as well as possible Tracking and reviewing metrics consistently  Knowing the costs to fill your funnel and seeing every phone call as a potential deal Following up with customers (without being too salesy or pushy) And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Youtube Channel BiggerPockets Podcast 018 : Flipping, Marketing, and Wholesaling with Danny Johnson BiggerPockets Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson Trello Pipedrive ForefrontCRM Brandon's Instagram David's Instagram Check the full show notes here: https://biggerpockets.com/show494 Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s rare to find someone with the experience, knowledge, and downright friendliness of Ken McElroy, which is why we’re having him back on the show! This time, Ken breaks down some of the fundamental truths of real estate investing and how it can help you, as an investor, make more money, reach financial freedom, and live the life you were born to live. Ken has been in the real estate game for decades, starting as a property manager in college, becoming a landlord with a sizable portfolio, then meeting Robert Kiyosaki and working on books, education, and systems with some of the biggest names in real estate. Ken has been through multiple market cycles, dozens of policy changes from the government, and made lots of money on many different types of deals. He has a unique experience that gives him a leg up on much of the new competition. You’ll hear Ken’s thoughts on the “affordability crisis” we may be facing in the coming years, how short-term rentalsare changing the landscape of month-to-month rentals, and how an inexperienced investor can get started with “good debt”. Make no mistake, the lessons Ken talks through in this episode took decades to learn, but you can get them all in just over an hour! In This Episode We Cover: How COVID did (and didn’t) affect the market for real estate investors Leveraging “good debt” so you can build your real estate empire When prices of labor, lumber, and new construction will flatten What the future of the real estate market will look like, and how landlords can benefit Working with the system (government, tax codes, etc.) as opposed to working against it Why great deals will always get funded (especially in today’s market!) And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Youtube Channel OpenDoor Capital Brandon and David’s Books Real Estate Rookie Bootcamp BiggerPockets Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy Airbnb Get Ken McElroy's free e-book for BiggerPockets listeners Click here to check the full show notes: https://www.biggerpockets.com/show493 Learn more about your ad choices. Visit megaphone.fm/adchoices

Rob Abasolo, AKA Robuilt on Youtube, didn’t have a background in real estate, or construction, or hospitality, or really anything related to his current success. He did have drive, creative thinking, and the will to make something work when other people told him it was impossible. Rob and his wife moved from Kansas City to Los Angeles, trading a $1,100 mortgage on a house for a $1,800 rent bill on a small apartment. Around this time, Rob started hearing about Airbnb and short-term rental hosting. So, he decided to buy a house, keep his apartment, and try his hand at some Airbnb arbitrage. It worked, and thus the short-term rental revenue model was proven! Rob then started to Airbnb out the apartment attached to his new home. He was pulling in some solid income, anywhere from $2,000 to $3,000 a month. So what did he do next? He built a “tiny house” in his backyard for around $72,000 and began renting it out for up to $4,000 a month on Airbnb. That’s when Rob thought “what if I built ten of these?” Now, four years later, that’s exactly what he’s done. Rob has a growing portfolio of short-term rentals all across the United States. From California to Texas, to Tennessee and beyond. But this isn’t the end for Rob. His new plans? Build a massive “glamping” compound on his newly acquired 50 acres of land in Gatlinburg! In This Episode We Cover: Airbnb arbitrage and the risk of always going after cashflow Offsetting your mortgage with short-term (or long-term) house hacking Airbnb regulations and making sure you’re allowed to host visitors Building a “tiny house” and the cost associated with it Funding your deals through HELOCs and partnerships  The new trend of “glamping” and why it may be a massive opportunity And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Youtube Channel American Horror Story Turo Joshua Tree Harebnb Listing BiggerPockets Podcast 280: The Key to Making Great Deals (Hint: Overlooked Properties!) with Mark Hentemann (Writer for TV’s Family Guy!) Zillow Airbnb Check the full show notes here: https://biggerpockets.com/show492 Learn more about your ad choices. Visit megaphone.fm/adchoices

Many of us have a story behind doing what we do. You may have been raised by parents living paycheck to paycheck, spurring you to chase financial freedom and create a better life. Or maybe you labored tirelessly at work to get a promotion or raise, simply to be passed up for someone else. For Adam Gilbert, founder of MyBodyTutor, his “why” is his father. Adam looked up to his father all his life but saw the pain and distress he was going through when he had a heart attack, a triple bypass surgery, and was later diagnosed with multiple sclerosis. This forged a path for Adam that materialized in the health and fitness space. Adam knew that he never wanted to be “too tired” to play with his kids, spend time with his family, or pursue a passion. As Adam has grown his business over the past decade and a half, he’s come away with many lessons that ring true for not only fitness enthusiasts but business owners as well. We talk through the five rules that Adam has put together for anyone to become healthy, wealthy, and mentally sound. While this is a mindset episode, you’ll be surprised with how many of these rules crossover almost perfectly into real estate investing. In This Episode We Cover: When to quit your full-time job and pursue your passions Choosing daily consistent action over large infrequent actions Why health is the ultimate productivity tool  Setting up “planned indulgences” and being strict, yet fair with yourself Choosing consistency over intensity and opting for small changes over time Doing what scares you until it doesn’t Accountability through partners, coaches, and friends And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Youtube Channel BiggerPockets Bookstore GoBundance OpenDoor Capital Brandon and David's Books Adam from My Body Tutor BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy Mybodytutor.com Special Deal for Listeners Click here to check the full show notes: https://www.biggerpockets.com/show491 Learn more about your ad choices. Visit megaphone.fm/adchoices

We all know that Hawaii is expensive. With its black sand beaches, fantastic surfing waves, and delicious poke bowls, why wouldn’t you want to live and invest there? Well, even with all those positives, many investors steer clear of Hawaii due to its high prices and lack of land, but one investor, Indar Lange, has proven those critics wrong. Indar is Hawaii’s largest flipper, running about 15 flips at any given moment, and tackling deals priced at upwards of $3,000,000! Indar is no rookie to the game, he’s been doing this for the last decade and a half, but he had humble beginnings. Growing up poor on a farm in rural Hawaii, Indar thought that his life would be set once he got his engineering degree. After realizing that engineers topped out at about $150,000 per year, Indar had to think of something else to do. He coincidently bought a small home at the time, fixed it up, and sold it after living in it for a few years. He paid zero taxes on the gain and this became his first live in flip, which caused the real estate wheels to start turning in his head. Now, he’s hooked up with some of the best lenders, agents, wholesalers, contractors, and investors in the Hawaii area, taking down massive deals for a big payday. You’ll hear Indar’s full story and catch his “Ninja Tips” for the aspiring real estate investor. In This Episode We Cover: Why real estate the go-to investment for the wealthiest people in the world  Completing a live in flip and the tax benefits associated with it When it makes sense to attend a real estate course (even expensive ones) How Indar stopped his first flip from falling through due to lack of funding Financing your deals with hard money and private money loans Long-distance real estate investing from Hawaii Cost segregation studies and other tax write-offs from real estate Indar’s “Ninja Tips” for real estate investors And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Youtube Channel BiggerPockets Bookstore Plastiq BiggerPockets Hard Money Lenders BiggerPockets Money Podcast Mindy's BiggerPockets Profile Home Depot Yelp BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber BiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” Murdock BiggerPockets Conference Brandon and David's Books Adam from My Body Tutor Check out the full show notes here: https://biggerpockets.com/show490 Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate is a business, but we often don’t think of it that way. A single-family home here, a duplex there, at the end of the day we’re just landlords, right?  What if some large corporation or outside buyer wanted to buy your real estate business from you. Even better, what if you had such efficient systems in place that you could sell your business for 10x what you put into it. Sounds pretty sweet right? Today we talk to Michelle Seiler Tucker & Sharon Lechter, authors of Exit Rich and Rich Dad Poor Dad. Michelle and Sharon have spent years building and selling businesses and have defined the 6 Ps to a profitable exit. Their main critique of most business owners: start planning to scale efficiently TODAY. This can help you as a real estate investor start putting systems in place to grow your portfolio faster and with less work from you later on. If you’re willing to put in the upfront effort to start hiring right, systematizing, and opting for efficiency you most certainly will “exit rich”! In This Episode We Cover: What business owners do that costs them millions in company valuation  The 6 Ps to a profitable (and stress-free) exit Building systems that allow your business to grow efficiently  Focusing on company culture and having an employee liaison Why most business owners won’t let go of their “hands-on” role How a business is valued (and what you can do to boost your valuation) And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel GoBundance OpenDoor Capital Brandon's Books BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone Cherry Creek Lodge - Guests Ranch Exit Rich Website  Click here to check the full show notes: https://www.biggerpockets.com/show489 Learn more about your ad choices. Visit megaphone.fm/adchoices

The average journey of a real estate investor tends to go something like this: buy a house, use profits to reinvest into another house, buy a duplex here and there, and buy another house again. Does this sound like you or someone you know? For Feras Moussa, stacking single-family properties was never the goal, especially after he had to manage his first rental investments. At some point, it becomes too hard to scale and you’re stuck with 30+ units and 30+ tenants all trying to get your attention to fix something. This is how real estate can become more of a job than a business. Feras knew this so he started venturing into medium/large multifamily investments instead. His first big multifamily deal was a 99-unit deal in Atlanta, Georgia. He was able to take a neglected apartment complex and turn it into a cash-flowing, high-value piece of property that he later sold for a sizable multiple. Now, Feras does bigger deals, like a $50M+ apartment complex that his company Disrupt Equity and Open Door Capital are partnering on. If you feel too scared to jump (or even dip your toe) into bigger multifamily investments, hear out Feras. He shows it’s a lot less scary than most people think. In This Episode We Cover: How to scale your real estate investment portfolio with medium/large multifamily The habits that a successful multifamily investor develops Networking and being more than just the “business card” person Why masterminds are a HUGE source of deals, partners, and friends Underwriting and how it differs from basic deal analysis Using “value-add” to increase the value of a property and cash flow The red flags you should look for when buying multifamily properties  And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Youtube Channel GoBundance Brandon's Books Best Ever Conference Blackstone Check the full show notes here: https://biggerpockets.com/show488 Learn more about your ad choices. Visit megaphone.fm/adchoices

David Greene is back and we’re “Seeing Greene” as he answers some of the most common real estate investing questions from BiggerPockets listeners! David goes over a multitude of different questions, ranging from financing, to acquisition, to mindset, and strategy. Not only does David have the experience of being a real estate investor, he’s also a licensed real estate agent and owns a mortgage company as well. This allows him to have insider insight that many real estate investors simply don’t have. If you’ve wanted a question answered by an industry expert, stick around because your question might just be answered on this episode of “Seeing Greene”! In This Episode We Cover: Building leverage with HELOCs and Cash-Out Refinances  When to lower rent prices on a vacant property that won’t fill up Write-offs and tax deductions that real estate investors can use How newly proposed capital gains taxes may influence seller financing opportunities How to shift your mindset and identity to fit the person you want to become Finding financing when you’re self-employed or have low income And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel Rookie Podcast 55: Combining House Hacking and Live in Flips with Tyler Madden Submit Your Questions to David Greene Click here to check the full show notes: https://www.biggerpockets.com/show487 Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s understandable why so many real estate investors don’t want to partner up. I mean, who wants to split half of a rent check with someone else? This can seem especially true when you’re just starting and every cent of profit counts. But, what if the path to financial freedom was through partnerships? What if you could grow your wealth, spend less time working, and scale far faster simply by leveraging your relationships. With us are the hosts of the new InvestHER podcast, Liz Faircloth and Andresa Guidelli, two real estate veterans who partnered up to teach women about financial freedom, cash flow, and everything related to real estate. Liz and Andresa are both partners in real estate and partners in leading the InvestHER community, so they know a thing or two about what makes partnerships work and what doesn’t. We talk about questions to ask potential partners, how to test out a partnership by doing a project together, formalizing a partnership with binding contracts, how to stop resentment in partnerships, and how to end partnerships that go bad. If you’re looking to scale your real estate portfolio to new heights, you’ll definitely be using partnerships to do so. Tune in to make sure you and your partner stay protected! In This Episode We Cover: Why it’s so hard to scale in real estate without partnerships  The top questions to ask a potential partner  Testing out your partnership by doing a small deal together Making deposits into the “emotional bank account” of a partnership Finalizing your partnership agreement with an attorney Keeping information flowing on both sides Preventing (and ending) bad partnerships The new InvestHER podcast! And SO much more! Links from the Show BiggerPockets Forums OpenDoor Capital Real Estate Rookie Podcast BiggerPockets Business Podcast BiggerPockets Money Podcast BiggerPockets Podcast 088: Investing with Your Spouse, Managing Financials, and Growing Your Team with Matt and Liz Faircloth BiggerPockets Podcast 203: Finding Deals, Funding, Contractors, and Mentors with Matt and Liz Faircloth BiggerPockets Podcast 314: How to Find Rockstar Contractors and Manage Like a Boss with Andresa Guidelli Matt Faircloth's BiggerPockets Profile Ryan Murdock's BiggerPockets Profile Mindy Jensen's BiggerPockets Profile BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan Check the full show notes here: https://www.biggerpockets.com/show486 Learn more about your ad choices. Visit megaphone.fm/adchoices

Three years ago, Atomic Habits was released. In this groundbreaking book, author James Clear asks a complex question “why do we continue our bad habits while neglecting good habits?” While it’s not as easy as simply saying, “I want to be better, hence I’ll stop doing this”, there are some ways that you can convince (and often trick) yourself into developing the habits that will help you create a better life. The first thing to know about habits is that they aren’t a minimal part of your life. Your habits are what your life is built upon. Do you habitually clean your room every week? You’re most likely a clean and well-organized person. Are you constantly looking for ways to save money? You probably have a decent-sized bank account. If you want to become the “money person” or the “helpful person” or the “intelligent person” you need to start adopting the habits that someone in those positions would have. So how do you develop a good habit? More importantly, how do you halt your bad habits from derailing your entire life? James walks through a few key ways to do this, from making habit cues less obvious, to changing your environment, to removing yourself from the choice entirely. One thing is for certain, if you want to change your life for the better, you need to start changing your habits. In This Episode We Cover: How James developed his interest in habits and psychology Becoming “the architect” of your habits and not falling victim to poor choices Understand the end goal and slowly work your way to it Taking on the actions of someone successful and becoming that identity  Why bad habits can be so hard to break How long does it take to develop a habit? Intaking media that will change your mindset and influence your actions And So Much More! Links from the Show BiggerPockets Forums OpenDoor Capital BiggerPockets Youtube Channel BiggerPockets Pro Membership BiggerPockets Events BiggerPockets Facebook Group BiggerPockets Store Brandon's Instagram David's Instagram BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors Click here to check the full show notes: https://www.biggerpockets.com/show485 Learn more about your ad choices. Visit megaphone.fm/adchoices

Brandon Turner is a man of many talents. Whether it be building a real estate empire, growing a team, or surfing out in Maui, he seems to make it all look so simple. Yet, that is his key to success. Simplicity.  Brandon’s keynote speech from BPCon 2019 touches on many things, including how to simplify your business so it’s working for you, how to grow a team you trust, working with your strengths, and becoming the superhero in your own story. It also includes glimpses into Brandon’s everyday life. From hair styles, to how to ask out your crush, and even saving naked swimmers on Maui beaches.  Regardless of where you’re at in the journey, every successful business owner (whether real estate or not) has to make a big business into something simple and seamless, and that’s what you’ll learn from Brandon’s keynote speech.  Want tickets to BPCon 2021? Click here! In This Episode We Cover: How to make your real estate business as simple as possible How to take the complexity out of tasks that seem difficult at the start Why simple isn’t easy (but it’s worth it) How to stop yourself from “building too many bridges” Why you need to hire before you’re ready  The importance of rehearsing your steps (in business and surfing) How to become the “Superhero” in your story Why Brandon had a mullet in his youth And SO much more! Links from the Show BiggerPockets Forums OpenDoor Capital BPCON2021 J Scott 's BiggerPockets Profile BiggerPockets Business Podcast 18: How to “Have It All” by Living with Intention with Brandon Turner BiggerPockets Podcast 394: Making a 25 Deal/Year Business (and Marriage) Work… Together! with Elliot and Chrissy Smith Ryan Murdock's Facebook Profile Check the full show notes here: https://www.biggerpockets.com/show484 Learn more about your ad choices. Visit megaphone.fm/adchoices

Last week, Brandon and David sat down to talk about the “Core 4” of any successful real estate team. Now they’re here to talk about the “Divided 5-ed”, a term they coined to describe the five team members you’ll need to scale your portfolio to new heights. Both Brandon and David agree that a sizable, growing real estate portfolio needs to be thought of more as a business than just a group of rental properties. Maybe you’re looking to scale into large multifamily properties, commercial properties, self-storage units, or mobile home parks. Or maybe you’re just going to buy 1,000 single-family homes. Whatever your strategy, you will need a lead generator, underwriter, money raiser, asset manager, and financer/bookkeeper on your team. You may start out doing many of these roles when you buy your first few properties, but as you scale, you’ll need to fill these roles with more fitting individuals. Maybe you want to get more experience before you start buying properties. Great! Join someone else’s team and think about how you can be the BEST in the role that you’ve been appointed to. In This Episode We Cover: The five roles that will make scaling possible (and easy) for your future acquisitions How to choose the asset class that fires you up Using DISC scoring to decide who would be best for each role How Brandon built his team at Open Door Capital using this layout Finding a team where you learn, grow, and thrive And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Pro Membership Open Door Capital BiggerPockets Podcast 481: Build an Unstoppable Real Estate Portfolio with the “Core 4” BiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok with Ryan Pineda BiggerPockets Podcast 444: 150 Deals at Age 22 by Putting Relationships Over Profit with Cole Ruud-Johnson How to Use the DISC Profile to Communicate Effectively in Business BiggerPockets Events BiggerPockets Facebook Group BiggerPockets Store Brandon's Instagram David's Instagram Click here to check the full show notes: https://www.biggerpockets.com/show483 Learn more about your ad choices. Visit megaphone.fm/adchoices

Everybody is busy. We have jobs, kids, businesses, and responsibilities to take care of. Why go out of your way and risk your money and time to invest in real estate? Mike Webb, firefighter, investor, flipper, and wholesaler argues the opposite. Mike says that it’s far riskier to simply rely on your job for the entirety of your income. Mike began his investing career by investing in a side-by-side duplex, rehabbing it, and failing to complete a successful BRRRR. After seeing the cash flow and learning from his mistakes, Mike saw an investment strategy that could carry him to financial freedom. He is still working as a full-time firefighter, but is building his portfolio and completing 20-30 flips per year while he does so. This gives Mike the ultimate freedom to do whatever is best for him and his family, even though he loves his job. In a world where it seems cool for everyone to quit their job, Mike reassures those who like their work that it’s worth staying, especially to keep that investment money flowing. He also walks through his partnerships, how he hires his team members, and what you can do to systematize your business so you can outsource your work as you take on more strategic roles!  In This Episode We Cover: Why you don’t have to choose between a career and investing in real estate Learning from your first deal and using your newfound knowledge to expand Why the 1% rule and 2% rule shouldn’t be the ONLY metric you consider during deal analysis Using the BiggerPockets Forums to meet partners, mentors, and other real estate professionals The “OODA Loop” and why it’s a great tool for organizations Starting a meetup and being in the know with local investors Why working AND investing decreases your overall financial risk And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Podcast 469: Why Do Investors Lie to Themselves? +More Audience Q&A (Pt. 2) (Mike's question) BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene Open Door Capital Voxer Slack Loom WizeHire Google Docs BiggerPockets Events BiggerPockets Facebook Group BiggerPockets Store Brandon's Instagram David's Instagram Check the full show notes here: https://biggerpockets.com/show482 Learn more about your ad choices. Visit megaphone.fm/adchoices

David Greene is great at coining new terms, just like his co-host Brandon Turner. Today we talk about the “Core 4” of any successful real estate investor's team. This includes the agent/deal finder, the property manager, the lender, and the contractor. Without these Core 4, you’ll have trouble building a real estate empire, especially if you’re doing so long distance. The good news? Even if you’re a brand new investor, you can start building out these relationships today! With the help of BiggerPockets, you can find agents, lenders, property managers, and contractors. You can also head over to the forums and chat with other investors in your area, get their take on who’s the best in the business, and use their referrals to grow your team. Are you an agent, lender, contractor, or property manager? Great! Brandon and David drop some tips on how you can attract the best clientele that will help you grow your businesses as well. The most important part of any of this is having open, honest, consistent communication with your team members and making sure nothing is falling through the cracks so everyone knows exactly what they should be doing. In This Episode We Cover: What the “Core 4” is and why it’s crucial for all real estate investors How to find an agent using BiggerPockets’ agent directory What agents can do to find clients that will close many times over Why you should never “just go for the rate” when comparing lenders Why a great property manager should be out of sight and out of mind Choosing a contractor who ISN’T just an “order taker” And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Pro Membership Real Estate Investing Calculators Beardy Brandon BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan BiggerPockets Podcast 475: 50x Your Revenue By Focusing on ROR (Return on Relationships) with John Ruhlin https://www.biggerpockets.com/show481 Learn more about your ad choices. Visit megaphone.fm/adchoices

At one point, Dan Brault had a construction company working on custom builds in upstate New York. He had left behind a successful sales career to do it and although he was highly stressed, he felt all of his hard work was going to be rewarded sometime soon. That is, until, he had a huge project that went over budget, over the timeline, and forced him into $400,000 worth of debt. Dan closed his company, went back to sales and started to think about what he did wrong. Was it the leadership? Was it the system? Was it just bad luck? Dan went to work, doing whatever he could to level up his business skills so he could get back into real estate full-time and do so in a way that allowed him to scale. Now, after going through many of life’s lessons, Dan is doing phenomenally, with him and his team closing on 12+ wholesale deals a month, getting him close to $200k in monthly revenue. He credits his success to his systems, his team, and the way he pivoted his leadership that allowed the entire company to work as one well-oiled machine. In This Episode We Cover: The danger of buying cheap homes in C or D-class neighborhoods On-market vs. off-market properties and which investors should go for off-market deals Dan’s favorite off-market strategies and the way he gets most of his leads Finding the “price behind the problem” so you can close on more deals Forming partnerships with real estate brokerages as a wholesaler The high costs of running a wholesaling team What sets apart gurus and gimmicks from real, honest coaches And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel Tony Robbins BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah Facebook Marketplace Darrin Damme of Bullseye Branding Left Main REI GoBundance JD Mindset Academy Beardy Brandon Check the full show notes here: http://biggerpockets.com/show480 Learn more about your ad choices. Visit megaphone.fm/adchoices

We all reach a point of complacency. We tell ourselves that we’ve done enough, it’s too hard to go further, or we don’t have enough experience, money, or time to accomplish the goals that seem impossible. Brandon Turner, host of the BiggerPockets podcast, was feeling this way too, sitting on a decade worth of real estate, with enough passive income to live his life how he saw fit. It wasn’t until Brandon started surrounding himself with people who did much more than him that he realized he wasn’t hitting his true potential. Now, leading the real estate syndication Open Door Capital, Brandon has more than 10x-ed his rental portfolio, built a life he loves in Maui, and worked with some of his heroes. This wasn’t by accident, it also wasn’t dropped into his lap. Brandon spent serious time thinking about his “vivid vision” of the future, what he wanted out of life, and who would help him get there. He’s had ups and downs, with some of his favorite employees leaving, partnerships falling through, and deals being lost. All of these proved to be valuable lessons in his ongoing work to create a mobile home empire and become the best of the best at what he, and his team, does. In This Episode We Cover: The 10 lessons Brandon learned starting Open Door Capital Why it’s crucial to have a goal for your life and shoot towards it Understanding when you’ve become complacent and finding inspiration Giving up more to work with partners who will bring you far, far greater returns Working for your employees and doing anything you can for their success How coaching allowed Brandon to open up his mind to huge possibilities Using a “Hunger Games” style recruiting technique when finding new talent And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Membership BiggerPockets Book Store Open Door Capital BiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees BiggerPockets Podcast 369: Escaping the Day-to-Day Grind to Work on Your Business with Jefferson Lilly BiggerPockets Podcast 246: Surviving the Coming Crash, Earning 20% Returns, and Buying Mobile Home Parks with Kevin Bupp BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions with Cameron Herold BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray Pre-order Multifamily Millionaire by Brandon Turner and Brian Murray https://www.biggerpockets.com/show479 Learn more about your ad choices. Visit megaphone.fm/adchoices

What happens when you’re pinned to the floor in the middle of a fight? Someone has you in a locked position and you can’t move. You’re sweating, you’re angry, and you start feeling the will to fight flow through your whole body. Although we’re talking about Brazilian Jiu-Jitsu with the legendary trainer and black belt, Ryron Gracie, we could easily be talking about real estate. So many new real estate investors come into this space being scared of discomfort, wanting to be hand-held, and feeling like there is no way to hit their investing goals. That is until they’re put in the proper position, scenario, or matched up with a great teacher. These are the exact lessons that Ryron shares with us today. As a lifelong Jiu-Jitsu practitioner, and now a teacher himself, Ryron knows that the same lessons applied on the mat should be applied in everyday life. Lessons like: be comfortable with discomfort, never get pulled into anyone else’s fight, and change the game to fit your needs. This not only makes Ryron a financially successful individual, but a master in martial arts.  Even if you’ve never done martial arts, had any interest in Brazilian Jiu-Jitsu, or started real estate investing, this episode will help you change your mindset to thrive in situations where you feel lost and helpless, which is something all of us need throughout our lives. In This Episode We Cover “Emotional Jiu-Jitsu” and how to find comfort in difficult conversations Taking the fight to the ground and changing the game The crossovers between martial arts and building wealth through real estate Putting your ego and insecurity to the side and doing what’s truly best for you Realizing when you’re coming from a place of lack And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel David's Instagram Gracie University Check the full show notes here: http://biggerpockets.com/show477 Learn more about your ad choices. Visit megaphone.fm/adchoices

Normally we have two hosts and one guest, but today we have three hosts, and one of them happens to be a guest as well. We welcome Tony J Robinson, host of the BiggerPockets Real Estate Rookie Podcast, to the show! Tony has grown a respectable following due to his impressive short-term rental portfolio, his ability to scale quickly, and his made-for-radio voice. Tony grew up with real estate around him. His dad had a wholesaling company, and when it closed down his father relayed to Tony that his biggest mistake was failing to keep any of the wholesale deals as rentals. With this advice in mind, Tony saw an opportunity to fix up some rental properties in Louisiana. This gave him an intro to real estate funding, and after a few successful deals, he decided to dive in head first. Now, Tony has short-term rentals in Tennessee and Joshua Tree. He’s started multiple partnerships and speaks on the benefits of having reliable, trustworthy partners, plus how to avoid toxic partnerships that will stop you from scaling. He also lets us in on his free and simple method of finding out whether or not a market will work for short-term rentals. In This Episode We Cover: The importance of having cash-flowing passive income Why you should never treat a rental like your primary residence Buying in markets that are heavily reliant on tourism  How to make a strong, stable, and reliable partnership  The risk vs. rewards of short-term rentals Long-distance real estate investing as a rookie investor And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Real Estate Rookie Podcast BiggerPockets Money Podcast BiggerPockets Youtube Channel BiggerPockets Money Youtube Channel (Please subscribe!) Real Estate Rookie Youtube Channel (Please subscribe!) BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl Airbnb VRBO Zillow PriceLabs Brandon's Instagram David's Instagram Check the full show notes here: http://biggerpockets.com/show476 Learn more about your ad choices. Visit megaphone.fm/adchoices

You wouldn’t think that a farm boy from Ohio would be spending hundreds of thousands if not millions on expensive clothing, high-priced whiskey, and expensive knife sets, would you? Only, he’s not buying these things for himself, he’s buying them for his clients, many of whom are some of the biggest names in business and entertainment. What does John Ruhlin from Giftology see in gift-giving that we don’t? First, John realized that giving regular corporate gifts, like a stress ball or a free pen, wouldn’t cut it when trying to build long-term relationships. He even went as far as to get courtside NBA tickets paired with a $500 steakhouse dinner to get Cameron Herold (a past guest of ours) on his team, only to find that Cameron was severely disappointed. So he started turning up the personalization of his gifts. Now, John sends out personally engraved knife sets, world-class food and wine pairings hosted by the best sommelier in the country, and video messages sent in physical boxes (seriously). He’s discovered the art and the science behind gift-giving and wants everyone to know what is, and isn’t an appropriate gift. As he puts it, you need to focus on your ROR (return on relationships) more than your ROI. In This Episode We Cover: The gifts you SHOULD NOT give to those you want to impress Focusing on ROR (return on relationships) as opposed to ROI Have a “relationship plan” in place for clients, employees, and partners Using personalized gifts to stick out from the competition Taking a warm lead and turning it into a burning fire  The best gifts to give based on the occasion, timing, and relationship And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel Brandon's BiggerPockets Profile Brandon's Instagram David's BiggerPockets Profile David's Instagram BiggerPockets Podcast 467: #1 NYT Bestselling Author Adam Grant on the Need to “Think Again” BiggerPockets Podcast 451: Stop Chasing the “False Summit”: Have Better Relationships and Results with Michael Hyatt GoBundance Open Door Capital Giftology Website Click here to check the full show notes: https://www.biggerpockets.com/show475 Learn more about your ad choices. Visit megaphone.fm/adchoices

Letting go of something successful isn’t easy, but what if you know it’s costing you your dreams? Today we talk to mother, real estate agent, and massive multifamily investor, Pili Yarusi, about doing what it takes to stay focused, engaged, and on top of your life. Pili moved out to New York from Hawaii with dreams of becoming a star in theater but ended up working as a bartender. Lucky for her, bartending is where she met her husband and future business partner. Together, they started flipping houses, which taught her not only to systematize investments but also to use her creativity in an efficient way. She and her husband later expanded into wholesaling. Pili knew something was missing and she wanted to focus more on growing a multifamily portfolio. With help from some mentors, she realized that the main thing holding her back was her current (and very successful) flipping and wholesaling business. She closed both businesses, got herself systematized, and went head first into multifamily. Now this homeschool teacher/mom is sitting on $75,000,000 in real estate, totaling in at 850 units. No small number by ANY means! She gives some incredible advice on what new investors need to do before they can reach their goals of owning big portfolios. In This Episode We Cover: Limiting your creativity (in a good way) when doing flips and rehabs The 4-3-2-1 principle and waking up with A.L.O.H.A Identifying as the person you want to become, and letting go of less useful identities The right (and the wrong) way to train employees and build a team 506b vs 506c syndications, plus what to know if you want to start one And SO much more! Links from the Show BiggerPockets Forums Clubhouse BiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui Real Estate Rockstars Podcast InvestNext  Check the full show notes here: https://www.biggerpockets.com/show474 Learn more about your ad choices. Visit megaphone.fm/adchoices

There is only one man on the podcast today that has a beard, and no, it’s not the guitar-playing, surfing, 7-foot tall one. David Greene is “seeing Greene” in this episode and gives new and experienced investors advice and answers on their questions. We go through a range of subjects from real estate notes, quitting a W2, scaling, and whether or not to start a property management business. With David’s experience as a W2 police officer, agent, broker, investor, and lender, he can give all kinds of great answers related to real estate. So whether you’re a newbie trying to get your first deal done or an experienced landlordclosing on a new house every week, there is probably some question David answers that can help you out! All of these questions have been asked by BiggerPockets listeners either via video or from Facebook. If you weren’t able to get a question answered by David this time, you can submit a question at this link. In This Episode We Cover: Purchasing a property from a wholesaler How to place properties under an LLC once purchased Is land worth pursuing or should you stick to properties? When is the right time to quit your W2 and pursue real estate Can you 1031-exchange a flip into a buy and hold rental? And So Much More! Links from the Show Brandon's Instagram David's Instagram BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Podcast 457: How Thinking 5 Moves Ahead Can Make You Millions with Patrick Bet-David 6 Mindset Shifts to Make Today to Become Successful Tomorrow BiggerPockets Business Podcast 89: How David Greene Plans to Sell $150 Million of Real Estate in 2021 Rookie Podcast 81: David Greene on Where Rookies Go Wrong When Looking for an Agent Submit Your Questions to David Greene Click here to check the full show notes: https://www.biggerpockets.com/show473 Learn more about your ad choices. Visit megaphone.fm/adchoices

Nick Lamagna wasn’t planning on getting into real estate investing. When he finished college he knew that he wanted to go into law enforcement to help with counter-terrorism. He scored well on all the tests needed to be a great candidate for his dream job, but when he suffered a permanent hand injury, he was disqualified from working in law enforcement. During a period where Nick didn’t know what he was going to do, his mom forced him to read Rich Dad Poor Dad, which (like many of our listeners) changed his view on making money and having a career. After the initial interest was sparked, Nick started tackling real estate deals outside of his native state of New York. He faced challenges with getting mortgages, so he partnered with other real estate investors. He needed more cash, so he started wholesaling. The 2008 housing market crash happened, so he decided to start flipping. And now, Nick is going into bigger deals like commercial real estate and mobile home parks. Nick’s advice to new investors: think creatively, get comfortable with being uncomfortable, be in constant contact with your team, and don’t stick to one strategy. In This Episode We Cover: Long-distance real estate investing when your local market is too expensive  Building a buyers list for wholesaling and networking  Partnering with others who can finance real estate purchases  Why communication is key when doing long-distance renovations  Turning your weaknesses into your greatest strengths  And SO much more! Links from the Show 27 Interior & Exterior Preventative Maintenance Tasks for Rentals (Article) BiggerPockets Youtube Channel Brandon's Guesting on Nick's Podcast LoopNet BiggerPockets Podcast 461: Defeating the “Enemy of Success” with Steven Pressfield (The War of Art) Check the full show notes here: http://biggerpockets.com/show472 Learn more about your ad choices. Visit megaphone.fm/adchoices

We like to think that we have a lot of winners on the BiggerPockets Real Estate Podcast, whether they are in real estate or not. We may have one of the biggest winners on today's show. Tim Grover, trainer to Michael Jordan and Kobe Bryant joins us to talk about overcoming adversity, developing a winning mindset, finding what makes you fail, and his new book, accurately titled Winning: The Unforgiving Race to Greatness.  Tim argues that one of the hardest things to succeed in is business since there are so many factors that influence success. When you own or run a business, you’re constantly being thrown curveballs (like a global pandemic tied with government shutdowns). So how do you succeed when there is a constantly changing game plan? You adapt, you overcome, and you mitigate failure. These are the exact lessons that Tim taught to his high-profile clients, like Michael Jordan and Kobe Bryant, arguably the two greatest basketball players of all time. Before MJ and Kobe became the best, they had to master being average, then being good, then being great. So many people want to take shortcuts to greatness, not understanding that mastering those different levels is what truly puts you on a different stage than those who master the average level and give up. In This Episode We Cover: What really holds people back when they say they want something Focusing on recovery and health before trying to up your abilities Becoming a constant reminder to others to win and shoot for success How to stop performing with emotion and start performing with energy Stop confusing “finishing” with “winning” Struggling with balance when succeeding in your career, family life, or anything else And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Podcast 433: You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses BiggerPockets Podcast 457: How Thinking 5 Moves Ahead Can Make You Millions with Patrick Bet-David Brandon's BiggerPockets Profile Brandon's Instagram David's BiggerPockets Profile David's Instagram Click here to check the full show notes: https://www.biggerpockets.com/show471 Learn more about your ad choices. Visit megaphone.fm/adchoices

There has been a great feud between Brittany Arnason and Host of the BiggerPockets Podcast, Brandon Turner. Both of them have done lots of renovations on houses, secured millions in funding, and live right next to the beach in Maui, but only one of them has won a “quickest person to get to 200,000 followers on Instagram” battle. We’re happy to have the winner on our show as a guest today! Brittany started out her real estate journey when she was 18 years old, buying her first rental property and tackling a multitude of different DIY projects. If you haven’t heard her story, you can check it out on episode 320. Now she’s back to talk about how she moved to Maui, hired out her employees, secured funding on commercial deals, and used social media to get her deals and connections. Her biggest advice to new investors, “jump in before you’re ready”. You won't ever have all the answers, but those who get started will finish far ahead of those who always dream about being an investor. You can also help ease the stress and unforeseen speed bumps by getting in groups with other investors, following those you look up to on social media, and becoming a resource for future mentors. In This Episode We Cover: Using social media to find deals, mentors, employees, and friends Generating leads in unorthodox ways  Fighting back against imposter syndrome and seeing your strengths Getting super cheap interest rates when closing on commercial mortgages Why the bigger deals tend to be the more passive ones Why whatever you believe can end up being true And SO much more! Links from the Show BiggerPockets Podcast 461: Defeating the “Enemy of Success” with Steven Pressfield (The War of Art) BiggerPockets's List of Agents BiggerPockets Youtube Channel BiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason Invest with Zasha's Instagram BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn BiggerPockets Podcast 292: 200+ Deals in the First Four Years with Ryan Pineda BiggerPockets Podcast 388: The 7-Step “Playbook” for Scaling Your Real Estate Business With AJ Osborne BiggerPockets Podcast 412: Start Investing in Large Multifamily? How to Do it, and Why (or Why Not) with Ashley Wilson BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber GoBundance BiggerPockets Podcast 343: Want to Work Less and Earn More? Think Like a Pilot! With Steve Rozenberg From Military to Millionaire Jason Drees Academy Real Estate Rockstars Podcast We Study Billionaires Podcast TikTok BiggerPockets Podcast 433: You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan Brandon's Instagram Check the full show notes here: http://biggerpockets.com/show470 Learn more about your ad choices. Visit megaphone.fm/adchoices

We interview a lot of great guests on our Sunday episodes of the BiggerPockets Real Estate podcast, but we rarely hear from agents, investors, and BiggerPockets listeners who are in an early stage of real estate success. Both Brandon and David know what it’s like to be grinding, day in and day out, to get your real estate business off the ground. That’s why they’re here today to answer questions from live listeners about mindset, mentality, and growth. We talk to Brody, Joseph, Wale, and Mike, all in different stages of their real estate journey, and all very committed to success! You’ll hear questions like: If given the chance to go back, what would Brandon and David do differently? What deserves more emphasis, mindset or skill set? Is it okay to explore different opportunities at an early stage of investing? How to find balance when SO many opportunities are exciting? How do you make time for family, a job, side businesses, and real estate? Why do investors lie to themselves? Thanks again to our guests for coming on and throwing such great questions at Brandon and David! In This Episode We Cover: Leaving your W2 job to pursue real estate and other opportunities How to harness your mindset to grow your specific skill set The power of house hacking, and how it pushes your portfolio forward Scaling bigger and faster (even if it’s scary) Developing the ability to adapt, so you can survive any situation How to stop making promises that you’ll fail to uphold And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Podcast 209: Flipping 83 Homes in the Last 18 Months with Kevin Carroll Gobundance Getting Started with Real Estate Investing: An Interview with My Real Estate Mentor  Click here to check the full show notes: https://www.biggerpockets.com/show469 Learn more about your ad choices. Visit megaphone.fm/adchoices

Last time we did a live Q&A, fans from all over came on to ask questions to Brandon and David. Now we’re back, answering the questions that BiggerPockets Real Estate Podcast fans have on their minds. We’ll go over a handful of questions, all from different investors in different parts of their real estate journey. Questions include: How can investors offload their unwanted properties to charities? How do I stop analysis paralysis even after so much research? Is it a good idea to buy in an area with a falling population? What metrics should I look for when scaling my portfolio? What’s the best niche to build wealth fastest? Plus other commonly asked questions Thanks again to our guests Nicole, Michael, Ryan, Owen, and Emily for throwing their great questions at Brandon and David! In This Episode We Cover: The biggest regret that most real estate investors have Scaling to bigger and better deals (with higher unit counts) Finding a mentor who can push you to accomplish BIG deals Using other people’s money to build your real estate portfolio The best niches for newbie investors to start out in And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel Restoring Eden BiggerPockets Podcast 414: 1300 Units in Real Estate Development at 30 years old with Evan Holladay Petey Pablo - Raise Up (Official Video) Open Door Capital 3 Reasons Multifamily Rentals Might Be the Perfect Investment with Paul Moore Evan Holladay's Instagram Charity Water BiggerPockets Pro Membership Getting Started with Real Estate Investing: An Interview with My Real Estate Mentor Check the full show notes here: http://biggerpockets.com/show468 Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone wants to be right all the time. We have so many preconceived notions running through our heads at all times, and we always think that we’re the ones standing on the right side of history. What if that train of thought was secretly pushing you to failure, or even death? Adam Grant argues this point in his book Think Again. Adam hypothesizes that the main reason so many businesses, relationships, and experiments fail is because those in them tend to be locked in on one view. How many times have you been in a fight with your partner where you realize you maybe wrong, but also realize it would be worse to back down from your original stance? This is how businesses like Blockbuster and Blackberry slowly faded away while the likes of Apple and Microsoft flourished. Adam talks through some of the best (and worst) moments in business history when companies thought they were too big to fall. The same goes for political candidates, social movements, and almost any other type of human-to-human interaction. The one way you can be sure you’re coming out with the right conclusion? Think like a scientist!  In This Episode We Cover: The preacher, prosecutor, and politician mindsets  Valuing humility over pride and stopping your ideas from becoming your identity  How ego, image, and regret play into the way we act Blackberry vs Apple and how Steve Jobs made the right decision  Why you should give people FEWER reasons to back up a proposal Why “super forecasters” will never let a bias persuade them And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors Click here to check the full show notes: https://www.biggerpockets.com/show467 Learn more about your ad choices. Visit megaphone.fm/adchoices

Alan Corey has had an interesting career to say the least. He’s been an IT worker, a comedian, an author, a real estate investor, and even a reality TV star. Alan has always been fascinated with making passive income in a frugal, but very intelligent way. He’s so frugal in fact, that he made up a crazy story to be on the Jerry Springer show, just to get a free trip to Chicago out of it. Talk about being committed! Alan’s real estate story starts off with buying a 1 bedroom apartment in Brooklyn, New York, hanging up a curtain in the living room, and house hacking. He then repeated this strategy over and over again, becoming a millionaire before 30 years old, with a lot of property and “good debt”. Alan is part of the FIRE (financial independence retire early) community, but instead of investing mainly in stocks, he does so in real estate. His strategy is simple: buy a rental property for every bill you have, then start inventing “fun bills” as excuses to buy more rental property. Whether you’re looking to pay off your phone bill every month, or finance your brand new Tesla, this strategy will work for you. Alan also “hides money from himself” so he can be better off in the future. Right now he’s sitting on around $8,000,000 of real estate solely from his own investments. His new book House FIRE teaches you everything you need to know about retiring early with real estate! In This Episode We Cover: Chasing financial independence and early retirement with real estate Taking on “good debt” so you can grow you real estate portfolio faster Thinking of each property you buy as a “lottery ticket” Alan’s books: A Million Bucks By 30 and House FIRE The danger of high-interest consumer debt (like credit card debt) Seller financing and zero cash-flow triple net leases And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel Alan Corey's Video Sampler Dave Ramsey BiggerPockets Podcast 344: “No Money” Real Estate Investing with Gabriel Hamel BiggerPockets Business Podcast 13: 3 Rules for Crushing It in Business with ‘Shark Tank’ Star Barbara Corcoran Shark Tank Check the full show notes here: https://www.biggerpockets.com/show466 Learn more about your ad choices. Visit megaphone.fm/adchoices

If you don’t feel amped up to accomplish your goals, you definitely will after this episode. Today we talk to real estate agent, entrepreneur, author, and Million Dollar Listing New York star, Ryan Serhant. You’ve probably seen Ryan selling ridiculously nice (and expensive) homes on TV, but today you’ll be the private audience to hear his backstory, his work ethic, and how he developed his big confidence. Ryan moved to New York to become the next big star in theatre, but after seeing the financial position of those “successful” actors he looked up to, he made a pivot. Ryan got his real estate license and started listing apartments to pay his bills, but was given a golden opportunity when an foreign buyer specifically chose him to find her next multi-million dollar home in New York City. Ryan still remembers the lack of confidence he felt when he got the listing, and knew the only thing to do was educate himself and practice his pitch. Long story short, he helped the buyer find her dream home, and the rest is history. You’ll hear Ryan talk about the importance of confidence, not only in this podcast, but in his new book Big Money Energy. Brandon and David both agree with Ryan on how important, and often undervalued, having confidence is. Not just confidence in your work, but confidence that you’ll be able to accomplish the most challenging tasks you set for yourself! In This Episode We Cover: Selling the most expensive home in Florida Using the pandemic to springboard a new career or venture  Taking on a task, developing the confidence, and succeeding  Leaning to own the things that make you different from everyone else Stop focusing on the deals and start focusing on “the work” Many, many multi-million dollar deal stories And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Webinars BiggerPockets Blog BiggerPockets Bookstore BiggerPockets Podcast Serhant Brokerage Ryan's personal website Click here to check the full show notes: https://www.biggerpockets.com/show465 Learn more about your ad choices. Visit megaphone.fm/adchoices

Many, many people give up on real estate after just one bad deal, one bad tenant, or one bad flip. But what if you lost all you had from real estate deals, would you still be willing to bet on real estate? What if you lost it all twice? Welby Accely, has been in that position. He lost all he had, two separate times through dicey real estate deals. He never did give up on real estate, and now he’s sitting on 50 rentals and over 70 completed flips. Welby grew up in Brooklyn, and knew that his godfather was doing well in real estate, so when he got older, he decided to give it a shot. He invested in a multifamily deal in Atlanta, overleveraged himself, and had it foreclosed on him. A few years later, he had another Atlanta property taken from home. Welby was wiped out. He got scammed, lied to, and dove in too deep a couple times. After these tough experiences, he knew he had to do whatever he could to make sure his due diligence was top notch. He was later told about Connecticut, and decided to take some serious time exploring the market, building relationships, and networking. Then, he started flipping. 1 house a year, 2 houses a year, then 15 houses a year, and now 20 houses a year. Now, Welby takes young and aspiring real estate investors on “ride alongs” so they can see exactly what it’s like to be a real estate investor! In This Episode We Cover: How crucial it is to understand your market before you invest Never trusting a new partnership without proof of concept and contracts Pulling yourself back up after losing tens of thousands of dollars Putting in offers everyday so you can secure a deal Hard money loans vs. using your own capital Helping build other’s businesses so they stay loyal to yours And SO much more! Links from the Show BiggerPockets Forums Water Park Scam BiggerPockets Webinars BiggerPockets Blog  Check the full show notes here: http://biggerpockets.com/show464 Learn more about your ad choices. Visit megaphone.fm/adchoices

We often have famous guests come on the BiggerPockets podcast and talk about their deals, their businesses, and their journey. Today you’ll hear from one of the biggest real estate celebrities, Brandon Turner, as he goes through the 90-day challenge, preparing you to buy your first (or next) real estate deal in the next 90 days. You’ll hear Brandon’s story on why he went into real estate, how he grew his portfolio, and the exact steps he took to reach financial freedom and grow his portfolio to over 1,000 units! We’ll go through developing a real estate strategy, picking a niche, finding your “why”, finding a deal, marketing, financing, and calculating a real deal live on the (pre-recorded) webinar! This is the hand-down best place to start as a newbie investor or an investor who just wants to grab some more deals in the next 90 days. These actionable steps have helped hundreds of investors across the BiggerPockets forums, and can help make you a successful real estate investor sooner! In This Episode We Cover: Discovering your “why” behind investing, real estate, financial freedom How to find deals even in competitive markets  Going over a live deal using the BiggerPockets rental property calculator How to find your “home run number” that makes a deal great Using the L.A.P.S funnel to never run out of deals Financing and funding your first property (even with no or low money down) And So Much More! Links from the Show BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Podcast Open Door Capital The 90 Days Challenge Real Estate Investment Calculators Click here to check the full show notes: https://www.biggerpockets.com/show463 Learn more about your ad choices. Visit megaphone.fm/adchoices

Some would call Terrance Doyle a “baller”. Not because he’s done hundreds of millions of dollars in real estate transactions, or because he has done over 600 flips, or because he helps lead the Tribe of Multifamily Mentors. Terrance played college basketball, which grew into working as an NBA sports agent, garnering him access to famous coaches, players, and executives. Terrance and a couple of his college teammates started a franchise after college, and needed somewhere to park cash. Another teammate helped Terrance buy a foreclosure at a public trustee sale, which he flipped for a sizable profit. This is when he knew that the real money was made in real estate. Between 2008 and 2014, Terrance did over 600 flips, in multiple different areas of the country. As he learnt to build relationships and rapport with buyers, sellers, lenders, and contractors, Terrance started taking on bigger and better deals. He’s done $35,000,000 in transactions since the start of the pandemic and relies on the five basic fundamentals of real estate: know your market, be aggressive, be faster than the competition, have solid lenders, and make sure your ducks are in a row. In This Episode We Cover: The 5 fundamentals of successful real estate investing Going from NBA agent to full-time real estate professional  Finding your competitive edge and knowing where you can add value How to invest in a very expensive market (like Denver!) Cap rates, NOI, cash on cash return, and other important metrics How to run your organization more efficiently, so you can do more And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel Check the fulls how notes here: http://biggerpockets.com/show462 Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s daunting to wake up every day and try your best at whatever it is that you do. Maybe it’s your job, maybe it’s real estate, maybe it’s writing a book. When you sit down at your desk, there’s that little voice that says “get another cup of coffee” or “just take a little email break before you start” or “you’re not going to get anything done, who are you kidding?” This is the voice of resistance, and to author Steven Pressfield, it’s a voice that needs to be silenced and controlled at all costs. Steven should know, he wrote the book on fighting resistance, The War of Art, where he talks about how to keep up inspiration, even when there isn’t any to be found. As Steven puts it “an amateur does things when they feel like it, a professional doesn’t care how they feel, they just do it.” This is something many real estate investors struggle with. We want to buy another property, but we get stuck in analysis paralysis, or scared off by some new type of financing, or don’t want to take on another rehab. Professionals don’t let their environment (or their own mind) tell them what they should and shouldn’t do. Professionals do what has to be done. We also talk with Steven about his latest book A Man At Arms and why the ancient world of nobility and strength intrigued him so much. If you’ve seen any of Steven’s films, read any of Steven’s books, or just want to push through to success, you’ll love his take on writing, success, and failure. In This Episode We Cover: How to push past failure, regardless of the line of work you’re in Overcoming the “analysis” phase of any new venture or life dream How resistance plays a role in failure for many real estate investors How to fight resistance so you can push through to your goals The villain on the outside, and the villain within you And So Much More! Links from the Show BiggerPockets Podcast Open Door Capital BiggerPockets book store Brandon's Instagram David's Instagram The 90 Days Challenge Steven's Website Click here to check the full show notes: https://www.biggerpockets.com/show461 Learn more about your ad choices. Visit megaphone.fm/adchoices

If you’re listening to the BiggerPockets podcast, you know that the only way to reach financial success is to climb the corporate ladder, right? Nope! Yet, many people still believe that the only way for them to get rich is by going above and beyond for a job, only to be let go when the company is sold or merged. This is exactly what Ayoka Moss and Robert Charles thought, until they were put in a situation where entrepreneurialism and real estate was the only option. Ayoka had serious drive, especially after reading Rich Dad Poor Dad (a favorite of the BP community). Robert, on the other hand, was working as hard as he could, selling cars, breaking sales records, but once he was let go due to his company being bought out, he had open ears for Ayoka’s proposal. Ayoka and Robert decided to start wholesaling real estate, and had 6 failed deals before they finally found themselves making a profit. Once the money came in, they knew they had to do whatever it takes to reach success in real estate. Now, only a couple years later, Ayoka and Robert are living rent free, with 20 units, and 35 deals done! That’s some serious change when compared to their old W2 lifestyles. Ayoka and Robert go through how they got deals done, found mentors, and most importantly, changed mindsets to tackle what really matters. In This Episode We Cover: How real estate wholesaling works Why the corporate lifestyle doesn’t last forever for most people Understanding real estate before you jump in head first  “Un-Labelling” yourself so you can accomplish anything Balancing wholesale fees with cash flowing rental properties  Finding mentors and providing value so they trust you And SO much more! Links from the Show BiggerPockets Forums Grant Cardone Breakfast Club: Mark Whitten Explains How Easy It Is To Build Wealth With Real Estate Linkedin Amway Hertz Ty Flip Man Taylor Shares How He's Created Multiple Millionires and Many 6 Figure Earners Real Estate Disruptors PropStream Zillow Homevestors Grant Cardone BiggerPockets Podcast 452: Landing Incredible Deals Using This “Scary” Technique with Steve Trang Steve Trang Yahoo Finance Check the full show notes here: https://www.biggerpockets.com/show460 Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever been in a conversation where someone has had to ask you to repeat something multiple times? It’sfrustrating when you’re trying to tell someone something and they just won’t listen, but what about all the times you’ve been distracted in a conversation? There are a handful of reasons why humans aren’t great at listening, but the benefits to becoming a true listener are off the charts. Better connections, more trust, and happier relationships just to tout a few. In her book, Listen Like You Mean It, Ximena Vengoechea talks about why listening is so important, and why we often get it wrong. Being a great listener is almost like having a super-power, you’ll be able to tell what a person wants and needs faster and more accurately. This can help in almost any business, but especially in a people-first business like real estate when you’re constantly talking to tenants, management, sellers, buyers, or agents. Ximena goes through the 3 qualities that are most needed when becoming a great listener and how you can put yourself into “listening mode”. She also walks through how to have difficult conversations or conversations with people who aren’t the best listeners, plus what you can do to make sure that the person talking to you really feels heard. This isn’t just a crucial trait for anyone in real estate, but for anyone who wants successful relationships with the ones they love. In This Episode We Cover: How user research prompted Ximena to write about listening Asking good questions that help people open up more Cutting out the distractions and being present and mindful in a conversation  Why attention tends to waver in day-to-day conversations The 3 most important qualities you can adopt to become a better listener How to be more extraverted in conversations And So Much More! Links from the Show BiggerPockets Podcast Open Door Capital BiggerPockets book store Brandon's Instagram David's Instagram Click here to check the full show notes: https://www.biggerpockets.com/show459 Learn more about your ad choices. Visit megaphone.fm/adchoices

Every real estate investor knows that things don’t always go as well as we’d like. What happens when you’re hit with a $16,000 bill to fix a sewer, or when 20 of your tenants call you all at once with problems? Some things, like those examples, make active real estate investors envy passive investors. This is why Tamar Hermes decided to go on a more passive route for real estate investing.  Tamar started at age 28, working as an executive in the television industry. She realized that she was trading her time for money, and without her job, she wouldn’t be able to pay her bills. So, she put 10% down on a duplex and started house hacking. Over time she bought more and more duplexes, some even out of her 401(k). She was an aspiring landlord, but after being hit with the situations above, she decided to sell all her units in Los Angeles and put her money into more passive income streams. Now she’s invested in syndications, like Brandon’s Open Door Capital to be exact. This gives her far more freedom to pursue her passions in life, without having to worry about those 2 A.M. toilet calls. Tamar refers to herself as a very cautious investor, and that may be why she feels far more diversified with passive investing than active investing. She also talks through “finding your tribe” and how Gobundance has helped her meet friends and partners within the real estate space. This doesn’t mean you need to go out and find a group, but having friends and allies within your certain niche can help move you miles ahead of the competition! In This Episode We Cover: Using house hacking as a way to fuel your real estate investing  The difference between passive and active real estate investing Finding cash flow AND appreciation when looking for rental properties “Upgrading your investing” and growing your investor mindset Recourse vs non-recourse loans Finding quality agents, certified financial planners, and other partners And SO much more! Links from the Show BiggerPockets Forums Open Door Capital Travel Nurse Housing Grant Cardone GoBundance BiggerPockets Bookstore BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan Josh Dorkin  Check the full show notes here: http://biggerpockets.com/show458 Learn more about your ad choices. Visit megaphone.fm/adchoices

Some people are born into wealth, but none are born into success. Success needs to be earned, through pain, hard work, and perseverance. Patrick Bet-David came to the United States during the Iranian Revolution of 1978, after already being a refugee in Germany. Patrick served in the U.S. Army and prided himself on his ability to party, but after a family health emergency, he decided enough was enough, and he became the hard-working, driven man he is today. Now, a successful businessman, media producer, best selling author, and CEO, Patrick has a lot of wisdom to share for young and aspiring businesspeople. One of his biggest lessons: don’t waste your pain. Patrick shows how the best of the best in business, sports, or any other field are consistently putting themselves in positions where they have to fight to be the best. Patrick argues that even if you’re the best basketball player in your high school, once you go to college you may be at the bottom of the list, and once you become the best in college, you may be stuck again at the bottom of the professional leagues. This means you have to constantly change, adapt, and improve yourself to become the best of the best. We also talk about Patrick’s book, Your Next Five Moves and how people who are masters in their skillset are thinking at least five moves ahead of their competition. Want to buy a house? What are the next 5-10 moves you could make right now to get that done. Most people do a single step, stop because it’s too hard, and leave it at that. If you want to be the best of the best, you need to think bigger and understand the importance of the sequencing of those steps. In This Episode We Cover: Patrick’s journey from refugee to multi-million dollar business owner  Pushing yourself to perform at the highest level you possibly can Giving your children values instead of material gifts Thinking five steps ahead of yourself and the competition Going through a “Personal Identity Audit” and learning to accept yourself Entrepreneurship vs Intrapreneurship And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Brandon's Instagram David's Instagram Your Next Five Moves Website Check the full show notes here: http://biggerpockets.com/show457 Learn more about your ad choices. Visit megaphone.fm/adchoices

Anything over 100 units tends to scare many investors, especially rookie investors. How do you even get to 100 units when it’s already challenging enough to get one? That answer is simple: stack them slowly over time. That’s exactly what today’s guest, Erika Sleger, did. Erika heard about house hacking from a lecture in college, so once she graduated she decided to buy a fourplex, live in one unit, and rent out the others. She learnt some valuable skills from that first fourplex and later sold it for a nice profit, 1031 exchanged it into an 18 unit, and started collecting rent. From there, she used her equity on the 18 unit to buy a 64 unit. Another 16 units here, some more units there, and before she knew it Erika had over 120 rental units. She acquired all of these properties through 1031 exchanges and pulling cash out via refinances for down payments. Managing over 100 units isn’t easy, it took Erika a while to find management that worked, and she was still managing her managers. Even with the best due diligence, Erika talks through the challenges of filling and managing so many units. That’s why Erika sold her multifamily properties and moved her money into commercial real estate. Now she owns “amazon-proof” commercial spaces for coffee shops, a daycare center, and even a car maintenance shop. These leases are triple net, and give her the flexibility to move wherever she wants in the world, without having to over-manage a property manager. This is what “the stack” done correctly looks like! In This Episode We Cover: House hacking to secure your first rental property Using 1031 exchanges to acquire more properties with no capital gains taxes Buying LARGE multifamily properties and setting up management The importance of due diligence when buying multifamily and commercial Triple net leases and the benefits of commercial buildings And SO much more! Links from the Show BiggerPockets Forums Tony Robbins Walgreens CVS Starbucks Amazon BiggerPockets Podcast 253: Recession-Resistant Investing & the Benefits of Buying Shopping Centers with David Puchi BiggerPockets Podcast 363: How to Work (Way) Less but Accomplish (Way) More in 2020 with Michael Hyatt Check the full show notes here: http://biggerpockets.com/show456 Learn more about your ad choices. Visit megaphone.fm/adchoices

You’ve probably heard of The Breakfast Club, the morning radio show in over 90 markets that covers everything from hip hop culture, to celebrity gossip, to politics and more. If you've listened, you may recognize DJ Envy’s voice. He’s here today with his partner Cesar Pina, to talk real estate, seminars, and business. DJ Envy grew up in Queens, New York, and was neighbors with a successful DJ. After he heard how much money DJs were making in the city, he decided to start DJ-ing himself, and began releasing mixtapes. As his success grew, he started working for a radio station and landed a morning show, which later became known as The Breakfast Club. After buying his first house and later selling it due to a long commute, Envy walked away with around $80,000. He was hooked, and knew that real estate was a long-term way for him to build his wealth and create success for him and his family. He started out buying a house every year and selling it a year later, then bought some homes in Detroit for $15,000 that sold for over $260,000! Envy wanted to get more into real estate, so he was introduced to Cesar. Cesar was serving time in prison when he first learnt about real estate investing. Once he was released, he decided to jump in. He bought single family homes, then small multifamily homes, then went on to commercial buildings. Now, heowns more than 1,600 units and flips anywhere from 60 to 80 houses per year! His new book, Flipping Keys, comes out later this month. Cesar and Envy became an unstoppable duo, and now they're teaching others how they too can buy rentals and flip houses. They see this as a way to serve their community and let those who may be unaware of real estate investing have a chance at success and financial freedom. In This Episode We Cover: How DJ Envy started buying and flipping homes  Buying homes under market value to make high profits Why house hacking is the best way to get started in real estate Buying in Detroit during the early days of the recession  How to use other people’s money (OPM) to fund your deals Why most real estate seminars take more than they give to attendees And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Brandon's Instagram David's Instagram Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! Click here to check the full show notes: https://www.biggerpockets.com/show455 Learn more about your ad choices. Visit megaphone.fm/adchoices

Retiring via passive income is why most people get into real estate, but rarely does someone accomplish that goal within just two years! Rachel Richards, real estate investor, agent, and author of Money Honey shares her story of aggressive real estate acquisition. All purchased, by the way, with at least 20% down! While her friends in high school may have been reading for fun, Rachel was reading Rich Dad Poor Dad and trying to find the best way to become financially free. After she graduated from college she took jobs where she felt underappreciated and at some points, humiliated. She realized that this was not the path she would go down, and started investing shortly after in 2017. By 2018, Rachel and her husband had acquired 38 doors. Yes, you heard that right, 38 doors in under two years! These rental properties allowed Rachel and her husband to retire, as they were making six-figure incomes solely from their properties alone. This didn’t mean two years in she was still a rookie. Far from it actually. Rachel had to systematize her rental properties as much as she could within those two years so she could manage them long distance without having huge headaches along the way. Rachel shares some interesting stories, from turning a duplex into a short-term boarding home, to catching her property managers stealing over $6,000 from her. She’s learnt a lot and put her knowledge into her books Money Honey and Passive Income, Aggressive Retirement, both of which may help you get to where she’s at now! In This Episode We Cover: Understanding how important financial independence is to your life Dismissing limiting beliefs that you can’t or shouldn’t do something Seller concessions and how you can use them to get more money at closing  Why being too frugal may lead you to lose more money in the long run Systematizing your long distance real estate investing And SO much more! Links from the Show BiggerPockets Forums Be a guest to the podcast Cutco Cutlery BiggerPockets Podcast 416: 29-Year Old Making Nearly $1M in Passive Real Estate Income (3 Years In!) with Matt Onofrio BiggerPockets Podcast 418: 14 Deals in 16 Months: How Alex Camacho Found his Mastery in Deal Finding BiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber Check the full show notes here: http://biggerpockets.com/show454 Learn more about your ad choices. Visit megaphone.fm/adchoices

We’re taking a bit of a detour from our regular programming to answer some live questions on real estate mindset! Brandon and David take live questions from investors across the nation on some of the most hard-hitting/commonly contemplated real estate questions and topics such as… Is perceived “risk” deterring you from making strong financial decisions? How do you keep the fire going as an agent and investor when you get rejected? When should you allow team members to take on your roles and processes? What to do to get over the fear of partnerships? How do you balance ambition and being content with your success? How to find inspiration in other people's success? What to do when there is SO much opportunity but you don’t know what to choose? And More! Brandon and David spend some time answering all of the above questions with life lessons they’ve learned in their investing careers. The solution to the problem isn’t always cut and dry, but almost all of these questions come up in a real estate investor’s career, one way or another. If you didn’t get your question answered in this episode, stay tuned as we may plan to do another Live Q&A in the future! In This Episode We Cover: Answers to the top real estate “mindset” questions  Finding your fire and running towards it Letting go of the “I have to do everything” mentality Focusing on one thing, doing a great job, and letting go of the rest Getting your spouse on board for real estate investing/financial freedom Staying content and grounded while also striving for greater things And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store BiggerPockets Forums BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors Click here to check the full show notes: https://www.biggerpockets.com/show453 Learn more about your ad choices. Visit megaphone.fm/adchoices

Steve Trang is all over social media, he runs a real estate brokerage, a sales training business, and a title company, but he didn’t start out as a real estate professional. Steve was actually an engineer at Intel before he made the leap to become an agent. As luck would have it, Steve got in right as the market was about to tank in 2007/2008. Did this stop him from finding success? Of course not! Steve was interested in real estate, and after finding out what agents did for a living, he knew he needed to make a career switch. He left his corporate job and headed into real estate, trying to get any leads he could as an agent. His prior employer, Intel, told him that he was welcomed back if he ever needed a job, but when he tried to come back a couple years later, they didn’t have a position available for him. He knew the bridge was burnt, and it was time for him to go full throttle on real estate. Now, a decade or so later, Steve is teaching his tips and tricks to aspiring agents, wholesalers, and de al finders alike. He has a very specific hiring process, and will only start to evaluate a candidate that fits into his time-tested requirements. This helps him weed out potential employees and keep only the serious ones around. Steve gives some pointers on the best cold calling tips, the common mistakes that newbies make, and how to mitigate rejection when a cold call goes sour. If you’re afraid to cold call or afraid of being rejected in general during real estate prospecting, Steve talks through how he uses rejection to hit the successful metrics he needs! In This Episode We Cover: What type of person should be a real estate agent? Knowing that real estate is a long-term success game, not an overnight win Using PPC (pay per click), direct mail, and cold calling to get leads How to hire employees that want success, not just a paycheck Having regular, but efficient meetings with your team The top cold calling tips for those who are prospecting What to do if you’re afraid to cold call (or afraid of being rejected) And SO much more! Links from the Show BiggerPockets Forums Intel Wells Fargo BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan JotForm BiggerPockets LAPS Funnel Propstream Batch Leads SkipFast Grant Cardone BiggerPockets Publishing Check the full show notes here: biggerpockets.com/show452 Learn more about your ad choices. Visit megaphone.fm/adchoices

Does it ever seem like working overtime is a competition? We often see people bragging about how they work 60 hour weeks, work on weekends, or spend the most time at the office or in front of their computer. Does this constant overworking actually accomplish something or is it more of a chest-beating competition? Michael Hyatt argues that working crazy hours rarely does anything for our productivity, and if anything, can make our work sluggish and dull. He should know, in the beginning of the COVID-19 pandemic as teams were working more than ever from home, Michael decided to do the opposite. Michael lowered his (and his team’s) working hours from 40 hours a week, to 30 hours a week. The result? A profit increase of nearly 100% and company-wide productivity boost. Not only does your work quality benefit, but so do your relationships, your health, and your outlook on life when you are off of the “grind mode”. Michael believes this so much that he wrote a book about it. Win at Work and Succeed at Lifegoes through what Michael calls the “double win”: winning at life and work, with no tradeoffs! Michael lists a handful of ways you can instantly improve your work/life balance. Tips on sleep, nutrition, and getting your “daily big 3” done so you can accomplish goals that matter, instead of just being productive. If you ever feel like a workaholic, these tips will help you align back to a productive yet enjoyable schedule. In This Episode We Cover: Fighting the “cult of overwork” especially when working becomes a bragging right How to keep your business running at full speed while having time for your family The importance of putting up “hard boundaries” so your day can be respected Identifying the “big 3” tasks that you need to get done everyday How to implement “double wins” in your life Knowing which work is important and which work can be put on hold And So Much More!  Links from the Show BiggerPockets Podcast BiggerPockets book store Brandon's Instagram David's Instagram BiggerPockets Podcast 363: How to Work (Way) Less but Accomplish (Way) More in 2020 with Michael Hyatt Click here to check the full show notes: https://www.biggerpockets.com/show451 Learn more about your ad choices. Visit megaphone.fm/adchoices

First-time home buyer? At some point, all of us were. How do you make sure you’re getting a great deal, how should you pay for it, and what can you do to make sure it’s a purchase that will help you grow your wealth. In today’s episode, you’ll hear from Scott Trench and Mindy Jensen, hosts of the BiggerPockets Money Show. Their new book, First-Time Home Buyer, shows how to buy your first property in a way that sets you up for long-term success. Most people see their primary home as an investment, but that isn’t usually the truth. Housing is a cost, and like many costs in life, we should try to minimize it when we can. Having a lower housing cost can allow you to invest more of your money, build up safety reserves for repairs, and have the financial bandwidth to live with less stress.  Scott and Mindy debate cash flow vs appreciation, how much you should put down on your home, and what kind of liquidity position you need to be in to find success in your purchase and future endeavors. Even if you’re not looking to build a rental empire, this is a fantastic book for anyone who is looking into buying for the first time. Don’t know about equity, title insurance, or other real estate terms? No problem! First-Time Home Buyer has you covered.  In This Episode We Cover: What will 2021 hold for real estate investors and first-time home buyers Is appreciation or cash flow a better metric to measure How to have a primary residence that sets you up for long term wealth  The 5 steps to finding a great deal on a primary residence  Looking at the market even when you’re not ready to buy What people get wrong when they buy a home And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Money BiggerPockets Money Podcast 165: How ‘Finance Ninja” Daniel J. Mills Started at $30k a Year and Grew a US Rental Empire from Japan Check the full show notes here: http://biggerpockets.com/show450 Learn more about your ad choices. Visit megaphone.fm/adchoices

We’ve known for a long time that humans aren’t great at multitasking. Once distracted, our brains find it hard to let go of the new information we’ve just learnt or seen. This is why the constant onslaught of emails, messages, texts, and phone calls could be killing our productivity and creativity. Cal Newport, author of A World Without Email, has seen this first hand. Cal discusses something he likes to call “Hyperactive Hivemind Workflow”, which is essentially what happens to our brains when we’re constantly being nudged by electronic messages. When you’ve got your head down and are working hard on an important project, just a simple glance at an email can spin everything out of whack. Here’s the thing, this is happening to all of us, all the time. We are constantly monitoring our emails and messages, and by the mid afternoon, we’re out of energy. We’ve exhausted all of our cognitive resources. But isn’t it productive to check emails and respond to them quickly throughout the day? This is what Cal refers to as the “fool’s gold of busyness”. Luckily, there are some ways to get us into a more productive state, without having a barrage of emails in our inbox. Cal talks about efficient meetings, Kanban boards, restricting ad hoc communication, having office hours, and being intentional with your time and attention. While these small email responses may seem like just a minute here or a minute there, they actually eat up a huge part of our work life. In This Episode We Cover: Why we need to limit our intake of email, messages, and other communication throughout the day Getting your team to be less ad hoc about communication and more intentional Having a “process and procedure first” mindset when starting a business Understanding what the “vital tasks” are in your business Knowing your cognizant footprint and having intentional attention And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Brandon's Instagram David's Instagram BiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport Click here to check the full show notes: https://www.biggerpockets.com/show449 Learn more about your ad choices. Visit megaphone.fm/adchoices

Busy people tend to be...busy, and often, real estate investing is one of the things that they “just don’t have time for”. If you feel that way, listen to today’s guest, Dion Mcneeley as he describes his own system for buying real estate the “lazy” way.  Dion was a police officer and a truck driving instructor, taking care of his kids as a single parent, and struggling to get ahead. He went from $89,000 in debt to becoming debt free and financially free, thanks to the help of rental properties, in just 10 years.  After buying his primary home, Dion heard of success in owning rental properties, so he decided to move out of his house and into an apartment to see if he fit as a landlord. He rented the house to his friend, who later moved out without notifying him. Dion tried to make landlording work with another tenant, but ended up being underwater on the house payments. This is when he found BiggerPockets and read Rich Dad Poor Dad.  What was Dion’s mistake? He wasn’t running his rental properties like a business. After upgrading his processes, he went on to buy and house hack a duplex. Then he bought another duplex as an investment, and another one, then another house hack duplex. Within just 6 years, he had 7 units and was raking in $2,700 a month in pure cash flow! Dion talks about the mistakes he made, why he prefers side-by-side duplexes, how he’s located his properties for maximum asset protection, and goes into his amazing strategy for getting tenants to sign longer leases and raise their own rents. You can check out Dion’s Youtube channel or find him on the Real Estate Rookie Facebook Group! In This Episode We Cover: Why being lazy can be a benefit when building systems for real estate How to use your job and your rentals to achieve a 100% savings rate The benefit of side-by-side duplexes as opposed to two-story duplexes Making sure that your procedures are easy so they can be repeatable  Getting tenants on longer leases and higher rents with the “Binder Strategy” Spacing out rentals so you have a large pool of tenants to choose from And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast 276: Early Retirement ($10k/Month) by Age 35 with Bryce Stewart BiggerPockets Podcast 443: 10 Ways to Learn Anything Faster with Jim Kwik BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah BiggerPockets Money Podcast BiggerPockets Business Podcast BiggerPockets Rookie Rookie Podcast 51: 18 Deals in 2 Years AND a Full Time Job with Kevin Christensen CDS Rental Calculator App BiggerPockets Rental Calculator Zillow Trulia Wells Fargo Guild Mortgage BiggerPockets Facebook Group Check the full show notes here: http://biggerpockets.com/show448 Learn more about your ad choices. Visit megaphone.fm/adchoices

What do you want out of life? What do you want to accomplish in the next 3-5 years? When asked this question, most entrepreneurs give a pretty simplistic answer. Something like “Oh, we’ll get more clients by this time next year” or “I’ll buy two more houses and then I’ll be happy”. How often do we sit down and paint a picture of what we want our life to look like? Today we’re discussing Vivid Visions with their creator Cameron Herold. Cameron is a veteran in the business world, he likes to say that he was “groomed” by his entrepreneurial grandparents and father to become a success story. By the time Cameron was 21, he had a full-on business that had 12 employees, and at 22 he bought his first rental property. He later became a franchisee for College Pro Painters and was so successful that he went on to coach new franchisees. He’s partnered with hundred-million dollar companies, grown and sold businesses for millions, coached the CEO of Sprint, a monarchy in the middle east, has written 5 books, and runs the Second in Command Podcast, where he talks to successful COOs. Cameron is someone who clearly has accomplished a lot and has a TON of wisdom to share. Cameron has serious knowledge on business management and talks about the importance of the CEO and COO relationship. Cameron describes how a COO needs to be a partner to the entrepreneur (the CEO) and operate as the ying to the CEO’s yang. If you’ve heard the terms “the visionary and the innovator” from books like Traction, this is exactly what Cameron is talking about. If you’ve been wondering where the idea of a “plan” or “vision” comes into play, Brandon, David, and Cameron all discuss their “Vivid Visions” and how it’s led them to success in their life. Cameron coined the term “Vivid Vision” because most entrepreneurs were simply writing down a 1-2 sentence mission statement instead of creating a vision of what they wanted their company and future to look like. This vision not only helps you build a life you want by design, it also entices great executives, employees, and partners to join you on your path to that clear and decisive “Vivid Vision”. In This Episode We Cover: How Brandon found out about the “Vivid Vision” and how it has changed his worldview since creating one Why Cameron decided to coach COOs as opposed to CEOs The importance of having a COO or 2nd in command that you trust and believe in Why your job postings should scare those who aren’t ready to take risks and grow Why entrepreneurs have such a hard time when letting go How to create your “Vivid Vision” in 7 steps What a great “Vivid Vision” looks like, what it includes, and how to structure it And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Brandon's Instagram David's Instagram BiggerPockets Business Podcast 39: Creating Your Vision and Achieving Massive Success with Cameron Herold BiggerPockets Podcast 230: Real Estate Investing as a Side Hustle with Grammy-Winning Producer Seth Mosley Brandon's Vivid Vision (photo) Second-In-Command Podcast Vivid Vision Website Click here to check the full show notes: https://www.biggerpockets.com/show447 Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever had analysis paralysis? Maybe you have it right now and that’s why you’re listening to this episode! Kyle and Lauren Clugston would call that “productive procrastination”, and the only way to get out of it is to move forward! They should know, it took them over 3 years before they made their first move in real estate investing!  In college Lauren stumbled upon Brandon’s old blog about real estate investing. As she read, she gained more confidence in the craft, and knew that real estate was what she wanted to do with her money. She then started trying to convince her partner, Kyle, that real estate investing was the way to go. As someone without an investing background, Kyle was hesitant, but took a leap of faith which paid off! Now they're BRRRR-ing their way through New Jersey, with single family and multifamily properties throughout the state. Lauren and Kyle had to learn a lot before they became the real estate success stories they are now. Things like doing inspections, estimating rehab costs, getting financing, setting up systems and procedures, and getting legal documents prepared were at one point a great challenge to Lauren and Kyle. Now, they’ve got them down! Lauren and Kyle lay out everything they wish their former selves had known, and go through the things that early real estate investors should worry about, and the things they definitely shouldn’t lose sleep over. This advice could save months, weeks, or hours off of your deal analyses and might be just the thing you need to get out of analysis paralysis!  In This Episode We Cover: Why house hacking is such a great strategy for new investors Focusing on the right metrics, whether it be cashflow or units Defining your specific roles as partners and investors  The importance of weekly meetings with your team Setting up your real estate to run like a business, not just a hobby How to put together an “invest with us” packet for private lenders And SO much more! Links from the Show BiggerPockets Forums Grant Cardone BiggerPockets Youtube Channel Brandon's Old Blog BiggerPockets Webinars BiggerPockets Rehab Estimator Calculator BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber Bathroom Example (file) Check the full show notes here: http://biggerpockets.com/show446 Learn more about your ad choices. Visit megaphone.fm/adchoices

The BiggerPockets podcast has quite a diverse group of guests that come on the show. We’ve had writers, speakers, businesspeople, and actors, but this may be the first rapper we’ve had with us. Chris Greenwood AKA Manafest is in the studio, and instead of recording beats, he’s recording the best lessons he’s learned through his music career, real estate investing, and online business. Chris started out like many of us, working a stable job for a large corporation. After years of doing music on the side while working his full time job, he decided to take the jump and make rapping and rocking his career. Chris is the first to admit that this may not have been the best financial decision, and staying on the job for a little while longer could have relieved him of a lot of headaches. That being said, Chris didn’t just survive, he actually thrived in the music scene. When Chris and his wife decided to move out of their condo to upgrade to a larger home, they brought up the idea of renting out the condo instead of selling. This opened Chris up to the world of real estate investing, and as he saw the checks start to come in, he realized that this was a money maker that could help bring in stable income, passively while he worked on his music. Now Chris owns various properties and mainly buys from turnkey companies. Brandon, David, and Chris all have their own opinions on turnkey real estate investing, but they all agree on one thing: for those that don’t have much time to be an active investor, it’s a great way to start or stack up rental properties. Aside from rentals and rapping, Chris developed his own online course to teach other musicians how to successfully market their music in an industry that has such a high barrier to entry. Chris talks through how he separated himself from all the other “course gurus” and how you too can serve as an authoritative figure in your own community with knowledge, experience, and perseverance. In This Episode We Cover: How Manafest got his start in music (and why he made the jump to full time) The struggles and benefits of working a full-time job and pursuing your dreams Renting your primary residence instead of selling when you move out Not getting sucked into the “you’ll have to fix toilets” fear of real estate investing  Turnkey rentals and why they may (or may not) work for your investing strategy Having the drive to help people before you ask for money or a sale Chris’s book From Red to Black And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Manafest Website Click here to check the full show notes: https://www.biggerpockets.com/show445 Learn more about your ad choices. Visit megaphone.fm/adchoices

It seems like young real estate investors get more and more impressive every week. Today we talk with Cole Ruud-Johnson, a wholesaler and flipper out of the Seattle area. The impressive part? He’s 22 years old and has done 150+ deals to date! Even at 22, Cole’s journey wasn’t a linear path, he had lots of ups and downs to get him to the level of success he achieves now.  Cole tried to be a real estate agent at 18, but wasn’t getting the hang of it. After failing at a couple of real estate brokerages, he entered into a third and learned how they were creating their own inventory via cold calling. He decided he’d give this a try, and partnered up with his friend to cold call for deals. After three months, an agent brought them their first off-market deal. This first deal alone netted them $105,000. Yes, you read that right, six-figures on ONE wholesale deal. This wasn’t enough for Cole, he knew he had to get back out there and work on getting his next deal. Cole’s small business grew to a small empire, but over time this pushed him into a massive burn out. He had to make some BIG changes in his business, many of which even business veterans wouldn’t be comfortable doing.  Now he’s here with us on the podcast, talking through his lean team, his deals, his systems, and how new wholesalers can start getting deals. Cole even throws in the script he uses to get wholesale deals over the phone, so if you’re thinking about getting off-market deals or starting your wholesaling journey, this is the episode for you! In This Episode We Cover: How wholesaling and off-market deals can net big profits Why you need to be consistent when cold calling  The script that Cole uses to get off-market and wholesale deals How to scale your business (and prevent massive burnout) Growing slowly to scale, instead of fast and crashing The types of lists that Cole and his team pull Keeping the flow of communication open between you and your partners Taking action instead of just taking in information And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast 443: 10 Ways to Learn Anything Faster with Jim Kwik BiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!) BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber BiggerPockets Podcast 394: Making a 25 Deal/Year Business (and Marriage) Work… Together! with Elliot and Chrissy Smith BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan Check the full show notes here: http://biggerpockets.com/show444 Learn more about your ad choices. Visit megaphone.fm/adchoices

During childhood, Jim Kwik experienced a traumatic brain injury. As a result, he lacked focus in school, wasn’t able to read properly, and at one point, a teacher told him that he had a “broken brain”. So how did a kid with a “broken brain” become the leading mental coach for athletes, CEOs, and movie stars? Simple: Jim looked into how to learn instead of what to learn. Soon enough, Jim was reading faster, memorizing with higher accuracy, and doing well in school. His friends asked him for some tips so they could improve their grades as well. With some success in his inner circle, he decided to make a flyer for speed reading and memory improvement classes. He put up the flyer at his college hoping one or two people would show up to his impromptu class. Over 100 students showed up, of which 71 signed up for a full course with Jim. After that, Jim knew it was his life mission to help those who wanted to learn, memorize, and live better. So why is it so hard for some people to memorize things? We forget details all the time, whether it be names, addresses, phone numbers, or other important information. Jim goes through a simple method to memorizing any piece of information, called the M.O.M system. He also outlines 10 tips for a limitless brain, many of which you can implement soon after you finish this episode! Even something as simple as reading slightly faster can allow you to save weeks worth of time each year. So if you’ve been beating yourself up over forgetting that one seller’s name, check out Jim Kwik’s podcast and his new book Limitless. As Jim puts it, increasing your memory and reading power not only adds years to your life, but life to your years! In This Episode We Cover: How Jim recovered from a traumatic brain injury as a child Why school teaches us what to learn, but not how to learn Increasing your reading speed so you can finish tasks faster How to remember important things like names, addresses, and phone numbers The 3 keys to a better memory The 10 tips for a limitless brain (including diet, exercise, and learning) How to learn anything faster (no matter what it is!) And SO Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Jim Kwik’s podcast Limitless by Jim Kwik Click here to check the full show notes: https://www.biggerpockets.com/show443 Learn more about your ad choices. Visit megaphone.fm/adchoices

Hearing Bryce Stewart’s story may sound familiar to long-time BiggerPockets Podcast listeners. That’s because Bryce was on Episode 276 where he gave the great metaphor “vacuuming out the truck” relating to real estate investments. Bryce is back to talk about being a great mentor/mentee, what every contractor needs before working on a rental, how to go from active to passive real estate ownership, and his new book House-Hacker’s Guide To The Galaxy. Bryce understands what it’s like to be a new investor. Every step seems hard, the end result seems almost impossible, so where do you even start? Simply, take a step forward, no matter how small it is. Even just starting to save a few hundred bucks a month can be your first step towards becoming a real estate investor. As time goes on, these small steps become giant leaps, and what seemed impossible at first, can now be doubled since you have the know-how. Bryce takes us back to a time where he didn’t know how to get his property taxes lowered, but through very incremental steps was able to make a case and save himself thousands of dollars in the long run. Looking for a mentor? Stick around to hear Bryce’s top piece of advice for any new real estate investor. This simple tactic can help beginner investors know more about what they’re getting into and also show the mentor they’re serious about their new interest. In This Episode We Cover: Why small steps can lead to massive leaps in real estate investing How to go from an active to a passive investor Why newbies should know what collateral is and how it affects their loans What every contractor needs to have before they work with Bryce A specialized and creative new BRRRR strategy What you can do to get your foot in the door as a real estate investor And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Podcast 276: Early Retirement ($10k/Month) by Age 35 with Bryce Stewart BiggerPockets Webinars Docusign Dotloop M1 Mastermind YNAB Zillow The Crown (Netflix) Young Life Check the full show notes here: http://biggerpockets.com/show442 Learn more about your ad choices. Visit megaphone.fm/adchoices

When most people think of professional athletes, they usually think of superstars being paid millions every month (or even every week). Most people don’t come to realize that for everyone on an NFL team, that pay grade isn’t as high. That too, is what Hakeem Valles found out after being signed on by the Cardinals. Hakeem wasn’t making a lot, and realized that he was essentially throwing away $2,000 a month on rent. After one season with the team, he decided to go on BiggerPockets and ask around for agents and leads in the area. Hakeem ended up with a LOT of responses and found a great agent who helped him close on a fourplex, which he house hacked while practicing with the team. It’s hard enough to house hack when your tenants know you’re the owner, but it can be even harder when your tenants know you’re an NFL player. Hakeem’s advice: be a tenant of your own property and don’t let the other tenants know that you own the place. Doing this can help reduce some awkward encounters you may have. After retiring, Hakeem went on to do bigger real estate deals and partnered up on a 40 acre farm! He also owns Perspective Global Media, where he counsels other real estate professionals on how to grow their reach through social media platforms like TikTok and LinkedIn. Hakeem drops some gems towards the end of this episode on how you too can use TikTok to gain followers, clients, and partners! In This Episode We Cover: Why even professional athletes need to have multiple streams of income How a shocking event in Hakeem’s life changed his outlook forever Fighting income creep and keeping expenses low When renting does and doesn’t make sense for your financial situation The biggest mistake Hakeem made when living in his fourplex How to fight the fear of getting into real estate (and making mistakes) Using social media to leverage your personal brand and grow followers and clients And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Books Mentioned in this Show: Rental Property Investing by Brandon Turner The Go-Giver by Bob burg The 1 Thing by Gary Keller Click here to check the full show notes: https://www.biggerpockets.com/show441 Learn more about your ad choices. Visit megaphone.fm/adchoices

Believe it or not, TikTok isn’t just teenagers doing dances; there are actually some pretty influential investors on the platform. Meet Daniel Iles, a TikTok and Youtube creator who bought a staggering $1,000,000 in real estate during his first year of investing. Daniel was able to amass this serious sum of real estate while only putting $23,000 down. Now that’s impressive! Due to an aggressive goal of reading 60 books a year, Daniel picked up a book that many of our listeners have heard of, Investing in Real Estate with No (and Low) Money Down from our very own Brandon Turner. This unlocked the potential of investing in real estate for Daniel. He took advantage of FHA loans, using equity as down payments, and building his credit to get loans from small credit unions and banks. Daniel now owns 9 units and a combined valuation of almost $1,500,000, still with almost no money down. Daniel stresses that his success comes from systems. Whether it’s systems about credit cards, loans, tenant management, deal analyzing, or anything else related to real estate investing, systems are the key to keeping your sanity when things go wrong. He also has some tips for new investors trying to acquire a lot of real estate, in a small amount of time. Creating these systems for scaling will allow you to make smart decisions and invest in a way that doesn’t push you to burn out. In This Episode We Cover: Using TikTok as a creator, not a consumer, to connect with influential investors How Alaska real estate compares to continental United States real estate Securing houses with low or no money down Using equity in a house as the down payment Why small banks and credit unions may be more flexible when funding deals What Daniel looks for in his rental properties Tenant management systems for simpler investing And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore TikTok BiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok with Ryan Pineda Zillow Realtor Craigslist TenantCloud Tim Ferriss Check the full show notes here: http://biggerpockets.com/show440 Learn more about your ad choices. Visit megaphone.fm/adchoices

Last week’s show with Marie Forleo was so good that Brandon and David are back with a special guest, BiggerPockets’ senior producer Kevin Leahy, to unpack all the wisdom from the “figureoutable” show. Kevin learnt about Marie Forleo though his wife suggesting he take some of her advice when transitioning into his current position at BiggerPockets. A simple trick from Marie helped Kevin make some big decisions: see if your body expands or contracts when you think about two different options. This trick, along with her insight on writing your options down in order to take a step back from your situation, has helped Kevin make some hard decisions. If you listened to last week’s show, you’ll remember that Marie touched on how important marketing is in any industry. Whether you’re a real estate agent, a buy and hold investor, or a flipper, you have to be marketing to get clients, deals, and even employees. How are you differentiating yourself in the market, and what can you do to be “that guy” or “that girl” in your specific industry? You’ll also hear a special tip on how Kevin lost a deal to another buyer, and the exact tactic that the other buyer used to get the property under contract. Kevin goes through why this is such a great tactic for making sellers comfortable and how you can deploy it in your future deals as well. In This Episode We Cover: How to stop trying to force square pegs into round holes The importance of taking a step back when assessing the situation Harnessing intense emotions to make a better game plan Why every business person NEEDS marketing in their industry How to differentiate yourself within a market Standing out to sellers to get more deals underway And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store BiggerPockets Podcast 437: How Your “Worst Case Scenario” Can Set You Free From a Job You Hate with Marie Forleo Click here to check the full show notes: https://www.biggerpockets.com/show439 Learn more about your ad choices. Visit megaphone.fm/adchoices

Anson Young’s voice may sound familiar to you, that’s because he’s been on the podcast four times! Every time he’s back we learn something new, and today, Anson is talking about how to find and fund great deals, regardless of your schedule, or budget. You don’t need to be a full-time real estate professional to find great deals, just be sure to follow Anson’s advice. If you haven’t heard Anson’s prior episodes, here’s a recap. Anson has touched on almost every aspect of real estate investing. He flips, he wholesales, and he sells houses as an agent, meaning he has a huge amount of knowledge to share to BiggerPockets listeners. On average, Anson is doing 12-15 flips a year, 10 wholesale deals a year, and a dozen or so sales a year as an agent. Anson has some great advice on finding off-market (and on-market) deals that include driving for dollars, door knocking, and list building. He also shares how to build a profitable list, what neighborhoods to look into for deals, and how to specify what type of home you’re trying to get depending on your goals. If you’ve been trying to get your foot in the door to real estate investing, Anson shares why many people have trouble at the start. It all comes down to consistency. If you’re new, it may be fun at first to start driving for dollars, but are you doing it consistently? Do you have an accountability partner that can hold you to a high standard to get the work done? Are you systematizing your leads or trying to juggle them all in your head? We also talk about Anson’s fantastic book Finding and Funding Great Deals, where you can find everything you need to find and fund your next real estate deal. We’re also happy to announce the BiggerPockets Book Club, where you can hear from Anson live and ask him questions about his deals, his book, and his portfolio! In This Episode We Cover: How to find profitable deals in hot markets  Determining your goals and aligning them to your investor strategy  What to do if you struggle with consistency in real estate investing How to analyze not only your deals but your market as a whole What to look for in niche lists when prospecting off-market deals Hiring out jobs to get your lead funnel filled How to have your letter stand out when doing direct mail marketing And SO much more! Links from the Show BiggerPockets Forums David's Instagram Brandon's Instagram BiggerPockets Book Club BiggerPockets Podcast 034: Virtual Real Estate Investing and How to Find Great Deals in a Hot Market with Anson Young BiggerPockets Podcast 096: Finding Deals, Wholesaling and House Flipping in a Hot Market With Anson Young BiggerPockets Podcast 235: How to Find and Fund Real Estate Deals with Anson Young BiggerPockets Podcast 328: How to Laser-Focus on the Wildly Important With Author Chris McChesney Zillow Redfin Official BiggerPockets Facebook Group Whitepages BiggerPockets Podcast 012 : Wholesaling and Marketing with Sharon Vornholt ListSource BiggerPockets Podcast 437: How Your “Worst Case Scenario” Can Set You Free From a Job You Hate with Marie Forleo BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!) Check the full show notes here: http://biggerpockets.com/show438 Learn more about your ad choices. Visit megaphone.fm/adchoices

Marie Forleo, world class coach, marketer, and author, grew up with a mother that did everything. Whether it was retiling the bathroom, fixing a leak in the roof, or performing electrical engineering on small appliances, her mother seemed to be able to figure out almost anything. One day she told Marie “everything is figureoutable”, which became the mantra for her career. Fast forward a decade or so, Marie is working on the floor of the New York Stock Exchange, surrounded by the mega rich. She was stressed out and felt that she wasn’t in the right place. After a prayer and a cry, Marie knew she needed to get out from a job that was slowly killing her. She made the jump and went after coaching, without any experience, money, or clients. Before she left her job she asked herself, “what is the worst case scenario if I leave”. She calculated it out, wrote it down, and realized, the worst case scenario really wasn’t all that bad. Marie strongly believes that although you can be a victim of circumstances, you should never victimize yourself and tell yourself that you “can’t” do something. Everyone has the ability to reach their full potential, but once you start putting up excuses, it’s hard to get there. “Feel the fear”, that’s what Marie told herself in those trying times, and continues to tell herself and her clients that everyday. As she puts it “Fear is really trying to tell you to move towards something”. As real estate investors, this is something we can all relate to, but often don’t put into practice. Well, now's the time to! In This Episode We Cover: The 3 rules of “everything is figureoutable” The power of neuroscience and how you can use it to shape your behavior How would you behave if you were the best in the world at your job? Changing your limiting beliefs to reach something greater Knowing when to leave a bad job and having a plan for the worst case scenario Feeling the fear and running towards things that scare you Pulling yourself out of the victim trap (even if you are a victim) And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Everything is Figureoutable Website Marie's B School Click here to check the full show notes: https://www.biggerpockets.com/show437 Learn more about your ad choices. Visit megaphone.fm/adchoices

There’s a limiting belief that many people have: “I can’t do this thing because I have no experience”. Jamie Gruber disagreed with this line of thinking. Even with no multifamily experience, Jamie decided he wanted to be a multifamily investor. So what did he do? He started the Multifamily and More meetup to network with existing multifamily investors. This didn’t mean that Jamie had no experience in real estate, he had a small portfolio of single family homes that he started to landlord by accident. Even with no experience in the multifamily space he was interested in, he was able to secure a deal with a member of his network. Now with 21 chapters and 10,000+ members, Multifamily and More has become a big part of the multifamily investing community. It grew because, as Jamie describes, he added value, stayed consistent with meetings and postings, and built an online community that could network and interact (even during COVID). Jamie gives his tips on starting a lasting community, how to navigate meetups during COVID lockdowns, finding the best partners for multifamily deals, and the importance of cash reserves when buying a property. Many single family investors want to transition to multifamily, if you’re part of that demographic, join Multifamily and More! In This Episode We Cover: Turning your primary residence into a profitable investment instead of selling The importance of having cash reserves available when doing deals How to break through single family investing and start growing a multifamily portfolio What a business partner needs to see in you before they can offer you deals, money, or experience The difference between financing residential deals and financing multifamily deals Why you need to have a good operating agreement when partnering on deals And SO much more! Links from the Show BiggerPockets Forums David's Instagram Brandon's Instagram BiggerPockets Podcast BiggerPockets Podcast 266: How We Used a Partnership to Buy 900 Units with Jake and Gino Meetup.com Gobundance Emerge Zoom BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn  Check the full show notes here: https://www.biggerpockets.com/show436 Learn more about your ad choices. Visit megaphone.fm/adchoices

Scott McGillivray is back for this second part of his amazing interview. Last time we talked about the nitty gritty of Scott’s investments, how he started to acquire houses, and building his empire. Now we’re touching more on the mindset of what makes Scott so successful, and how you can put yourself in his shoes. Many people may know Scott from his HGTV shows, but maybe you didn’t know he was once in a boy band. Seriously. He took dance classes, convinced his friends to join him, and sold out some shows, but the takeaway from this short-lived boy band was priceless. If you see someone else finding success with something, use their blazed trail to find success yourself. From his boy band, to being on student council, and even the passing away of a loved one, Scott learned valuable lessonsthat he took with him for the rest of his life, and now gets to share with the BiggerPockets audience. Scott goes on to share a story that made him pivot the direction of his life as a teenager, and lead him to become the real estate mogul he is today. Scott goes through his top pieces of advice for young people and proves how planting seeds for investments early leads to acres upon acres of residual fruits for decades to come. In This Episode We Cover: How Scott manages his hectic life between companies, shows, and family Why successful people aren’t afraid of failing What young or inexperienced investors should do when they feel scared of taking a risk Why Scott says you “can’t lose money in real estate” The importance of talking to those who are older and have more experience than you Scott’s top pieces of advice for young people just starting out their careers How Scott runs his companies and what he’s doing to be a better leader How you can be the MVP of your company  And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Books Mentioned in this Show: E-Myth by Michael Gerber Built to Sell by John Warrillow Click here to check the full show notes: https://www.biggerpockets.com/show435 Learn more about your ad choices. Visit megaphone.fm/adchoices

Do you like watching home improvement shows such as Income Property, Vacation House Rules, and Buyers Bootcamp? If so, you’re in luck! Joining us on the podcast is HGTV host Scott McGillivray! Scott has been hosting some of the best real estate investing and construction shows for over a decade now, and if you like BiggerPockets, you’ve probably seen an episode of one of Scott’s shows! Scott’s investing career started long before his TV network deals. As a student in college, Scott accidentally stumbled upon his landlord’s mortgage statement of account. He realized that him and his roommates were paying a few hundred dollars over what their landlord was paying monthly for a mortgage. That was the lightbulb moment for Scott. It was time to get into real estate investing. While in college with no job, very little money, and no experience, Scott bought a house and moved out of his rented room. Now he wanted more. Over the next few years Scott started amassing more and more rentals, taking as many financing options as he could get his hands on. By the time he was 25, he already had 25 units and a significant amount of profit coming in every year. This only pushed Scott to strive for bigger and better deals. Now Scott owns hundreds of rentals, and spends his time between Florida and Canada, finding more deals, and fixing up more rentals. Scott is a tried and true investor, one who has gone through different market swings, different fads, and many different tenants. While he’s only in his early 40s, he has amassed an extensive knowledge of the real estate space. It’s no surprise he’s one of Brandon’s real estate heroes! If you liked this episode be sure to tune in this weekend for part 2 of Scott's interview! In This Episode We Cover: When is the best time to get started in real estate? Why most people are scared to invest, and what pushes them to finally do it Amassing a small real estate empire even while you’re young How to take advantage of financing offers and how Scott closed on 8 houses in the same day Why you need to give your investing career time to start rolling What a “double offer” is, and how you can use it to beat others to a deal Why you should take action even when the market is uncertain The ScottMc Method And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Shirt BiggerPockets Podcast Income Property Show Grant Cardone Brandon's Guesting in Scott's Podcast Check the full show notes here: http://biggerpockets.com/show434 Learn more about your ad choices. Visit megaphone.fm/adchoices

You may have heard a speech from Ed Mylett (AKA the greatest speaker of today) sometime before this episode, but maybe not like this. For those who don’t know, Ed Mylett is a renowned speaker, entrepreneur, real estate investor, author, and podcaster. He has started businesses worth millions and continues to teach entrepreneurs through his personal brand. What many people don’t know is how much Ed loves real estate. That’s right, you heard it first on BiggerPockets! It’s not the speaking, writing, and podcasting, it’s owning cash flowing properties. As a matter of fact, he just closed on one recently with his son and did an astonishing $100 million in real estate deals in 2020. Ed emphasizes the importance of faith, generosity, and most importantly, setting your life at a high standard. These seem to be the key thought processes that many other successful entrepreneurs have, and again proves Ed’s point on their importance. It’s not easy being in real estate, especially when the deals get big (we’re talking $25M+ deals). Ed cautions young investors to not bite off more than they can chew, or as he puts it “don’t take a loss where you can’t fight again”. In a world full of mega-leveraged investment opportunities, this might be the advice new investors need to feel confident going forward. This episode also dives into the importance of having a purpose, whether related to faith or not, and how you need to chase the life you want, set your standards high, and do the most impactful things to accomplish them. Links from the Show BiggerPockets Podcast BiggerPockets book store #Maxout Your Life Website Books Mentioned in this Show: #Maxout Your Life by Ed Mylett E-Myth by Michael Gerber Click here to check the full show notes: https://www.biggerpockets.com/show433 Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone wants to be a millionaire, and if you’re listening to this episode, you probably want to be one as well! With so many online gurus trying to sell their secret to success, it can be hard to distinguish the real from the...not so real. On this episode, we’re lucky enough to have two millionaires with us! Brandon Turner and David Greene! Brandon and David have compiled a list of 4 traits that all millionaires possess, and if you can possess these traits too, you’ll be on your path to millions. These millionaire traits aren’t just exemplified in Brandon and David, these traits tend to be universally consistent across self-made millionaires. This episode will also touch on mastery and how you can not only achieve it, but refine it using the 4 stages of mastery. Stuck on a deal, don’t know where to go next in your career, thinking of jumping ship on a project? List down these 4 stages and see where you stand, you’ll be able to see what you need to do to go on to achieve greater mastery in whatever you’re interested in. Since it’s the start of the year, it’s a great time to look forward with not only hope, but a plan. Take your existing plan and see where these traits and stages fit into your life, where you’re lacking, and where you can do better. This is how you’ll achieve success and the coveted millionaire status. In This Episode We Cover: What sets apart millionaires from those chasing millions The 4 common traits of a millionaire Developing your crystal clear criteria for investing in real estate The importance of raising standards over time to achieve more Why tracking your personal AND business life can merge to benefit your entire life The 4 stages of mastery that will make you into a millionaire And SO much more! Links from the Show BiggerPockets Forums Ramit Sethi Will Teach You to Be Rich! – BiggerPockets Money Podcast 73 BiggerPockets Money Podcast 127: Planning for the Unexpected: Being Financially Ready to Take Advantage of Opportunities with Ramit Sethi BiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees BiggerPockets Calculators BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray  Check the full show notes here: https://www.biggerpockets.com/show432 Learn more about your ad choices. Visit megaphone.fm/adchoices

Your agent is calling you to show you houses, your boss is emailing you about some work to do, your partner wants to grab dinner, and you want to take a nap. How do you prioritize things in your life when everything seems so important? The key is essentialism. Joining the podcast today is Greg McKeown, Author of Essentialism: The Disciplined Pursuit of Less. Greg relates to the struggle of many entrepreneurs and investors: too many options, not enough time. Instead of telling you to wake up at 5 AM, take a cold shower and work until 10PM, he presents a far more effective (and simple) approach. What Greg suggests: pick the things you care most about, do them, and don’t worry about the rest. But how do you pick when everything seems essential? The answer: almost everything else besides your core cares/needs aren’t essential. If you begin to treat the non-essential as essential, you stretch yourself too thin, not allowing you the time to accomplish what truly is...essential. In the modern age, many of us feel like we don’t have time to accomplish everything we want. When we get laser-focused and put the principles of essentialism in our daily lives, we can accomplish more than ever. In This Episode We Cover: What is essentialism? How to designate the non-essential from the essential tasks Why having too many good options puts us in a dangerous position How to find out which tasks deserve delegation or deletion Developing the courage to say “no” Finding an accountability partner so you’re locked in for success Why Brandon wants to spend less time on Tiktok And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Essentialism book Website StickK App. How to turn goals into a reality Click here to check the full show notes: https://www.biggerpockets.com/show431 Learn more about your ad choices. Visit megaphone.fm/adchoices

Another year of the BiggerPockets Real Estate Podcast is in the books! This time, we’re joined by co hosts, David and Brandon, live from the Sea Shed in Maui! We’ve had such a fantastic group of guests this year, so to help ease into 2021, David and Brandon picked their 7 favorite clips from the whole year. You’ll hear from familiar faces like Tarl Yarber, Thach Nguyen, and other real estate rockstars. This episode doesn’t just touch on real estate, we also go into how many real estate professionals made personal growth a priority when accomplishing their goals, all while enjoying their life more. If you’re ready to expand your business, get more units under contract, or begin your first house hack, this advice will be crucial for your personal, business, and real estate success in the coming year. It has certainly helped out Brandon and David! Thanks again for joining us this year, we look forward to interviewing even more amazing guests in 2021 (and beyond)! In This Episode We Cover: Why certainty is often more expensive than risk Why integrity in the present is worth so much more for your future Staying focused on the long-term perspective for consistent success The importance of peace of mind when investing in real estate (and other assets) Why you need to build a business around your life (not the other way around) How to commit even when you don’t have all the pieces needed Why you always need to keep your expenses low (if you want to escape the rat race) And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast 368: $3,500 per Month From One BRRRR Deal With Palak Shah BiggerPockets Business Podcast BiggerPockets Business Podcast 88: What’s Your Special “Cut”? Why Brandon Turner and David Greene Doubled Down on Theirs in 2020 BiggerPockets Podcast 375: Live Coronavirus Q&A: Resources, Tactics, and Mindset Shifts for Today’s Real Estate Investor BiggerPockets Podcast 376: 12 Real Estate Rockstars Reveal Their No. 1 Tip for Surviving (& Thriving) Through a Downturn BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn BiggerPockets Podcast 201: Flipping 100+ “Zombie” Houses with Justin Stamper Zombie House Flipping Hustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene BiggerPockets Podcast 395: From Car Valet to $100k/Month… Seriously! with Thach Nguyen BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber BiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees BiggerPockets Podcast 422: From W2-Job Single Mom to Flipping Real Estate Rockstar with Amanda Young BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan BiggerPockets Webinars BiggerPockets Podcast 385: Once Homeless, Now Investing in an Expensive Market (With No Money of His Own) With Greg Gaudet BiggerPockets Podcast 393: Campus Maintenance Man to $10M in Real Estate Owned with Rick Jarman Rick Jarman's Instagram Check the full show notes here: https://www.biggerpockets.com/show430 Learn more about your ad choices. Visit megaphone.fm/adchoices

How many times has something happened in life where we blamed someone besides ourselves for the outcome? Didn’t get a promotion: it’s your bosses fault for being greedy! Ran late to work: it’s all the other drivers faults, not yours! Investment property having problems: it’s the tenant doing all the damage! Ryan Michler, founder of the Order of Man, sees this sort of victim mentality as a massive block to our full potential. He makes the well-put point that all we can do is control our effort, we can’t control others. This realization didn’t come easy, though. Ryan realized this after a tough fight with his partner, leading him to reevaluate not only their relationship, but the way he shifted blame on others, in an unhealthy way. Now Ryan interviews the men that he looks up to on his own podcast, all while running his organization/brotherhood of those part of the “Order of Man”. It’s not easy to stay humble and calm all the time, especially in the state of our current world, but Ryan does as good of a job as any to remind us all that our future is in our hands, and all we can do is try our best, consistently. In This Episode We Cover: Why we all need to practice humility, ownership, responsibility, and sovereignty  The importance of having a “servant’s mindset” even as a business owner How to constantly add value to whatever you do in life Why we should shift our focus to our efforts and not other’s efforts Why having children makes you want to be better and push harder The importance of owning and running a business, even at a young age Dropping the “I” and using the “We” when leading a team Why “the win” is simply “playing the game” And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store The Intention Journal Order Of Man Podcast Click here to check the full show notes: https://www.biggerpockets.com/show429 Learn more about your ad choices. Visit megaphone.fm/adchoices

Rodney Ross didn’t have the most gracious entrance to the real estate space. He bought a house while in college, with only $8,000 down and not a lot in the bank. The house ended up getting de-authorized for tenants to live in so Rodney had to go back on his loan. Game over right? Time to give up? Not for Rodney! While finishing college, Rodney decided to take it a bit slower, getting his real estate agent license so he could build up the capital to buy rentals. He’s been an agent, a wholesaler, a general contractor, and a buy and hold investor. If it’s happening in real estate, Rodney probably knows about it! Unlike many new (and even experienced) real estate investors, Rodney took the time to nurture leads, have meaningful conversations with sellers and buyers, and found that by having some basic empathy for the other party, you’re more likely to close deals. This strategy seemed to have worked, in a decade since his first deal, Rodney now has around 20 cash flowing units, and he’s looking for more!  Using the 203k loan, Rodney has been able to get homes at a discount, finance the repairs, and get them rented and refinanced, kind of like a speciality BRRRR. This episode proves that if you care about real estate, care about your partners, and are willing to take risks, it will truly pay off. In This Episode We Cover: How to get back up after a frustrating investment How knowing about construction timelines and projects can help you get comfortable enough to do your first rehab Why mixed use properties are often an overlooked real estate class The importance of defining your role with your partner How to talk to buyers so they’ll choose you over other offers Why it’s so important to look out for the other real estate parties in a deal And SO much more! Links from the Show BiggerPockets Forums David's Instagram Brandon's Instagram BiggerPockets Podcast BiggerPockets Store Keller Williams Wells Fargo Check the full show notes here: http://biggerpockets.com/show428 Learn more about your ad choices. Visit megaphone.fm/adchoices

We’re joined today by author, consultant, and entrepreneur Brian Moran, author of The 12 Week Year. Brian holds a view that many BiggerPockets listeners subscribe to: you are more capable than you think. Through short term sprints, Brian has found that we can all accomplish long-term goals, regardless of the difficulty. This isn’t just a strategy that works for real estate, this works in any industry. Brian has consulted with every kind of business, and the results speak for themselves. Regardless of job type, business type, or industry type, the 12 week yearhelps you accomplish more by doubling down on what you need to do most. Brian also talks about the danger of long term goal setting, and even annual goal setting. It isn’t that long term goal setting doesn’t work, it’s that it presents us with a long time frame to accomplish something we could do far quicker. That’s how the 12 week year kicks our “unproductive mindset” to the curb, and gets us fired up to do great things sooner. Many investors find it hard to break out of their comfort zone, do the things that they find hard, or even just feel motivated. The crucial part of finding success wherever you need it? Take action, start today, track, plan, and re-plan when needed. You’ll soon find that you’re fired up about things that used to seem scary! In This Episode We Cover: What the “12 Week Year” really is How short term goal setting can help you accomplish your biggest goals Why you need to shift focus to executable tasks  How to get tactical on your goals and what you can do to accomplish them Leaning into hard things and shying away from comfort The importance of “vision work” and knowing where you’re headed Holding yourself accountable for what you want most in life How repetition forms competence and competence forms confidence And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Real Estate Investment Calculators Buy, Rehab, Rent, Refinance, Repeat by David Greene The House Hacking Strategy by Craig Curelop Click here to check the full show notes: https://www.biggerpockets.com/show427 Learn more about your ad choices. Visit megaphone.fm/adchoices

Many new investors find excuses for why they can’t buy properties. Either they don’t have the money, the deals, or the experience. Our guest today, Jon Wooten, had none of these three, but found a way to acquire 18 units (and become financially free) in only a few years. By asking questions and sticking out to the local real estate investors, Jon was able to acquire valuable experience, all while gaining equity in his rental properties. Jon has his own method for finding deals and acquiring wealth, called the “Sunflower Method”, which has helped him get to the point he is at. Now, financially free at 28, Jon has the ability to choose whether he wants to work, which projects to go after, and how he wants to spend his time. This isn’t a far away goal that only the rich and well connected can get to, it’s available for all real estate investors! You may be working a minimum wage job, stuck in a career you want out of, or have debt. Jon shows that all of these can’t stop you from acquiring wealth! How do you find houses? How do you find a mentor? What’s the best way to find a quality handyman? How can you make sure a house is being inspected properly. All these questions and more are answered in this episode! In This Episode We Cover: How to find a mentor AND get your first rental Why you should make it an effort to get to know your local real estate investors  Why self-managing is a great way to gain experience How to get seller financing on a rental (and who to ask for it) Why you should call “for rent” signs What the “Sunflower Method” is and how it builds wealth The best way to find a quality (and inexpensive) handyman  Fake cash flow vs Pure cash flow How to properly inspect a house before you make an offer And SO much more! Links from the Show BiggerPockets Forums David's Instagram Brandon's Instagram BiggerPockets Podcast BiggerPockets Store BiggerPockets Podcast 050: Getting Started and No Money Down House Flipping with Mike Simmons BiggerPockets Podcast 200: A Step-by-Step Guide to Buying Your First Real Estate Investment BiggerPockets Podcast 180: 58 Deals by Age Twenty-Three with Devan McClish BiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” Murdock Open Door Capital Tony Robbins Check the full show notes here: https://www.biggerpockets.com/show426 Learn more about your ad choices. Visit megaphone.fm/adchoices

On last week’s episode, we talked to Dan Sullivan, author of Who Not How. This week, we’re joined by his co-author, Benjamin Hardy. Benjamin has spent the last few years getting his PhD in organizational psychology, writing books such as Personality Isn’t Permanent and Willpower Doesn’t Work. These tie perfectly into his new book Who Not How, and will help you get to the business, personal, fitness, or other goals you’re trying to reach. Benjamin goes through why things like willpower and effort are often misunderstood, and how they can be used as tools to get you to your goals, but they aren’t the path. Benjamin walks us through why so many entrepreneurs get “decision fatigue” and why situations often rule over people, not the other way around. Benjamin presents a very unique view on shaping your future, one that isn’t often talked about in the self-help and business space. With many entrepreneurs feeling stressed, fatigued, or just confused, Benjamin’s advice offers not only a practical, but tangible way to accomplish what you want and do better in your business and personal life. We also double down on the importance of hiring people who will make your life easier, not just for your sake, but for theirs as well. Plus, Benjamin shares one of the most important hires you can make that will help you clear hundreds of hours off your calendar. This episode isn’t just about why you should hire an employee. It’s about how you designate your time, and ultimately your life. As Benjamin says “Your future self is more important than your present self”, and for good reason! In This Episode We Cover: Why willpower doesn’t work in the way many people think it does Why situations are often more powerful than people How to remove “decision fatigue” and stop it from plaguing your life How to find the right “who” for your organization and life Defining your crystal clear criteria for your future self and the roles of others How to be the right “who” for someone else’s “how” Applying behaviors so your identity can follow Focusing more on getting your “$10,000 tasks” done And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Benjamin's book: Willpower Doesn't Work Click here to check the full show notes: https://www.biggerpockets.com/show425 Learn more about your ad choices. Visit megaphone.fm/adchoices

We have a real estate and investing mastermind session in this episode of the BiggerPockets Real Estate podcast! J Scott, Amanda Han, & Matt MacFarland join David and Brandon to discuss what investors should do to maximize their wealth (and opportunities) in 2021. Co-host David Greene goes over his new book SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business, talking through who should (and shouldn’t) be an agent, what makes a great agent, how agents can maximize their income, and more! J Scott talks heavily about how the election, stimulus packages, and new (proposed) tax codes could hurt (or help) real estate agents, and what you can do to ward off higher tax plans, loss of rent, or even inflation. Amanda and Matt are our tax professionals on the show! They dive into which upcoming 2021 tax codes could affect you, whether you’re an agent, a real estate investor, or just a W2 worker! This is a fantastic episode for any listener who wants to know more about how 2021 may shape our economic future. Thankfully, we have some of the best guests in the world to tell you about it! In This Episode We Cover: Who should and shouldn’t become a real estate agent How to offset earned income tax with real estate investments Why you should buy David’s new book SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business The new opportunity of buying businesses in 2021 How to hire your best workers (and why you may need to let some go) How 2020 taught us to keep our businesses lean What to do if 1031 exchanges go away How inflation may affect your wealth over the next 1-5 years Why debt is a great inflation hedge And SO much more! Links from the Show BiggerPockets Forums David's Instagram Brandon's Instagram BiggerPockets Podcast BiggerPockets Bookstore 20% off code: podcast BiggerPockets Business Podcast 20: The Questions You MUST Ask Every Potential Hire with David Greene BiggerPockets Business Podcast 18: How to “Have It All” by Living with Intention with Brandon Turner BiggerPockets Business Podcast BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray BiggerPockets New Books! BiggerPockets Podcast 319: Avoid These Common Newbie Mistakes! Hard-Earned Lessons from Nathan Brooks Paying Off Student Loan Debt with a Median Income and Two Kids in Northern California with Kyle Renke Bring Brandon a Deal BiggerPockets Webinars BiggerPockets Facebook Page Check the full show notes here: http://biggerpockets.com/show424 Learn more about your ad choices. Visit megaphone.fm/adchoices

Has anyone ever told you “you’re really good at that, you should make a business out of it”, if so, you may have inadvertently found your “unique ability”. Author and coach Dan Sullivan joins us to talk about the secrets of success behind the 20,000+ entrepreneurs he’s coached over the past few decades. If you’re finding it hard to scale up your business, hire on more staff, or get rid of the stuff you hate doing, Dan probably has an solution for you. As someone who’s built a coaching empire AND been bankrupt twice, Dan knows a thing or two about what makes asuccessful enterprise, and what doesn’t. His key to success? Create a self-managing company, that allows you, the entrepreneur, to do what you really love. Hate going through spreadsheets? Great, hire someone who loves it! Don’t like picking up the phone to talk to investors? Cool, get someone who likes to chat! Love giving presentations to prospective clients? Great, make it your main job! Whether you have one employee or thousands of employees, Dan shows how simple it is to designate tasks, get the right person doing the right thing, and free up time for you and the whole team! The best way to hear Dan’s advice and grow your company? Listen to this episode! In This Episode We Cover: Finding your “unique ability” and using it to build a business The 4 freedoms of an entrepreneur (and why they’re so important) How to create a “self-managing” company Why procrastination is a great tool Why the future of business is reliant on teams How to hold a team together when building your business Whether you’re a “simplifier” or “multiplier” entrepreneur How not to get bogged down in an abundance of choice in the modern age And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Strategic Coach Website Click here to check the full show notes: https://www.biggerpockets.com/show423 Learn more about your ad choices. Visit megaphone.fm/adchoices

Amanda Young stumbled into real estate. After being let go from a job, dealing with a family emergency, and homeschooling her son, Amanda knew that she had to find a way to provide for her family, but also allow her to discover her hidden edge. After finding BiggerPockets and joining a local REIA (real estate investors association), she decided to take the jump and buy her first rental. Now, in 2020, she has 7 rental properties and a flourishing flipping business, working with a partner that matches her energy. Amanda found her localized niche by targeting owners of “sinkhole homes” and offering them deals that not only made sense for the buyer, but were a steal for her. She then used creative financing (really creative) to get these homes under contract. Amanda is the definition of someone who has grit, and is willing to work hard to earn their piece. She talks through Section 2 deals, 1031 exchanges, refinancing, and even how to “COVID-Proof” your tenants, so when the next global emergency happens, you’ll be ready. In This Episode We Cover: How to fight your analysis paralysis and get deals done What probate deals are and how to find leads Why owner financing can be a win-win for buyers and sellers How Amanda found a niche in “sinkhole homes” Why it’s important to find a niche that others would run from How to “COVID-Proof” your rental properties Getting ahead as a woman in a male-dominated industry (flipping) Empathizing with the seller so you’ll win negotiations (even with less money) And SO much more! Links from the Show BiggerPockets Forums David's Instagram Brandon's Instagram BiggerPockets Podcast Sinkholes: Swallowed Alive (Discovery Channel) BiggerPockets Podcast 412: Start Investing in Large Multifamily? How to Do it, and Why (or Why Not) with Ashley Wilson Check the full show notes here: https://www.biggerpockets.com/show422 Learn more about your ad choices. Visit megaphone.fm/adchoices

Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin. What you may not know is Joshua’s journey in founding, building, scaling, and finally leaving BiggerPockets. It was a hard decision for Joshua to leave, but thanks to his amazing team, he was able to (even during a time of tribulation in his personal life). You’ll hear how Joshua was cranking out 100 hour weeks, working 7 straight days, for the first 6 years of BiggerPocket’s existence. He later transitioned to building a team, starting with the BiggerPocket Podcast’s very own host, Brandon Turner. This later snowballed into more hirings, with the BiggerPockets growing faster and faster, and being able to scale larger and larger. Just at the time when things were starting to go from big to bigger, Joshua had to take time off to take care of his daughter’s medical emergency. This caused a shift in Joshua’s reality, so he dropped everything. This keynote speech goes deep into what really matters most. It’s not money, it’s not success, but it’s something that matters even more: fulfillment and family. Check out the video on our Youtube channel, and be sure to give Joshua a follow on Twitter at @jrdorkin. In This Episode We Cover: The history of BiggerPockets and how it grew to what it is today Why “knowing everything” usually means knowing nothing The importance of hiring smart, capable people How to listen to your body and mind, to find out what you need most Why you shouldn’t work 6 years straight with no time off Why you need to do the “Big Scary Thing” How life forces you to account for what matters most Why Joshua Dorkin has 3 dads And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Click here to check the full show notes: https://www.biggerpockets.com/show421 Learn more about your ad choices. Visit megaphone.fm/adchoices

David Grabiner takes the term “long distance investor” to the extreme. While he was a hospital administrator in the Democratic Republic of Congo, he was calling real estate agents in Chattanooga, Tennessee trying to scoop up multifamily deals. David started out by partnering up with his father, buying a quadplex that helped him get his initial training in property management. He later scaled up his and his father’s investment portfolio to 24 units, and then, within 3 years, scaled up his own investments to 150+ units! This meant that David had to quit his job and go full-time into real estate investing. He did it, and he isn’t looking back! Now David is a deal-finding machine, buying directly from listing agents and becoming one of the go-to multifamily investors in Chattanooga. Whether you own one single family home, a dozen duplexes, or hundreds of apartment complexes, you’ll take something away from David’s in depth discussion on property management, landlording, and tenant screening. In This Episode We Cover: Finding your “unfair advantage” and how it can help your investing career Approaching different investors with different points of view The importance of networking for off-market deals Why you shouldn’t be scared to be “the owner”, and actually use it to market yourself to others How to find, screen, and keep tenants in place How you can quickly increase a property’s value (simply by being a great property manager) Finding the “sweet spot” in multi-family deals Setting up systems for automated property management (so you can scale!) And SO much more! Links from the Show BiggerPockets Forums David's Instagram Brandon's Instagram BiggerPockets Podcast Buildium Collegedale Credit Union BiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss Rent Manager Check the full show notes here: https://www.biggerpockets.com/show420 Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever missed out on an important moment because you were staring at your phone, distracted by TV, or just zoning out? Nir Eyal, author of Indistractable, felt the same way when he missed an important moment with his daughter because he was locked in on his phone. This spurred Nir’s curiosity on why people get distracted, what they’re getting distracted by, and how people can turn their distractions into the opposite: traction.  As a business owner, angel investor, Stanford lecturer, and father, Nir understands what it feels like to live a hectic life, but he also understands that most of the time, we ourselves are the ones making it hectic. So what prompts us to take action? What prompts us to take inaction? How can we make ourselves do the things we need to do, with better results, and still have time for our children, relationships, hobbies, and even down time? It’s all possible, and the key to a distraction-free life is even easier than you would think.  In This Episode We Cover Why most people know their distractions, but not how to eliminate them  Why we need to “get out of our own way” to accomplish our goals How to find your “traction” and use it to get ahead The 4 steps to eliminate distraction  Understanding your values and using them to schedule your time How to “time box” your calendar and get your tasks done Leaving the victim mentality behind and empowering yourself to do what’s important The 3 “life domains” that we revolve around  Why you need to prioritize consistency over intensity  And So Much More! Links from the Show BiggerPockets Podcast Indistractable book’s Website Nir’s schedule maker tool Article “Why schedules are better than to-do lists” Brandon’s Instagram David’s Instagram Books Mentioned in this Show Hooked by Nir Eyal Indistractable by Nir Eyal Connect with Nir: Nir's website Learn more about your ad choices. Visit megaphone.fm/adchoices

Alex Camacho has had quite an interesting career path, and he’s just getting started! From a bank teller, to the mortgage business, to property management, and even Airbnb arbitraging, Alex took his time in acquiring the skills to succeed in real estate. In this episode, you’ll hear Alex talk about how he became successful at locking down deals, finding the “pain points” of sellers, and how to have empathy when closing. You’ll also hear how he analyzed over 5,000+ deals, leading him at one point to close on 8 deals in one month (seriously!) You’ll hear Alex go through his off and on-market strategies, and how to steer clear of deals that won’t make the cut. In just 16 months on his own, he’s done 14 deals, some with six-figure profits (each), and how he’s using social media to get even more! In This Episode We Cover: The importance of apprenticeships in real estate The art of saying “no” as you grow into your role Why it’s crucial to surround yourself with high-level investors and entrepreneurs How to get great at analyzing deals, so you can close on the best ones! Using the “LAPS” funnel to drive leads and grow your portfolio Finding the “pain points” sellers have, and how to empathize with them Using social media as a tool, instead of a distraction And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Keyword Alerts BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber BiggerPockets Webinars BiggerPockets Calculators BiggerPockets Pro BiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason BiggerPockets Podcast 292: 200+ Deals in the First Four Years with Ryan Pineda Check full show notes here: http://biggerpockets.com/show418 Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you a new or aspiring real estate investor who hasn’t locked down your first deal? Or maybe you haven’t hit your personal goal or unit count yet. If so, you may need to tweak your mindset to reach new heights. Brandon and David are back flying solo on this weekend’s episode to talk about the 9 mindset changes that make successful real estate investors, well, successful! You’ll hear them dive deep into each mindset change, with examples from their investing careers, and how they made the leap to change their mindsets for the better. If you’re looking to cultivate a healthier relationship with real estate investing for the better, this is an excellent episode to take some notes! Whether you’re brand new to investing or just looking to level-up your current portfolio, you’ll take away some important lessons on this weekend’s episode. In This Episode We Cover: Why many new investors haven’t done their first (or second) deal yet Understanding the cost of inaction (and how it can work against you) Focusing on the big picture without being bogged down with details Building your investment criteria to know what you want Turning “base hits” into “home runs” “Running towards hard” and taking responsibility for doing the work Thinking outside the box, regardless of your career, investor level, or experience Gathering experience and keeping the momentum going Using off-market techniques to get on-market deals (and vice versa!) Letting go of expectations for your deals And SO much more! Links from the Show BiggerPockets Podcast BiggerPockets Podcast 413: Matthew McConaughey on Vision, Preparation, and Balancing Ambition with Family & Freedom Click here to check the full show notes: https://www.biggerpockets.com/show417 Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever wanted to know how Mark Cuban, Richard Branson, and Warren Buffett seem to invest with ease? Or how you can leverage and measure your risk to make billionaire financial decisions? On this episode, Stig Brodersen – investor, teacher, and host of the popular We Study Billionaires podcast – brings you his distilled wisdom on success, mindset, the stock market, and the 3 universal traits shared by ultra-elite investors (and no, they don’t include flying first class or eating copious amounts of caviar). Early on in his story, Stig found himself dissatisfied with his job and needing a change. So, he did what any rational person would do, and began studying billionaires starting from the top of the Forbes 400 list. He didn’t get far before he “found his fire,” discovering passion and community in studying the stock market and the most heralded investor of all time: Warren Buffett. He has since interviewed hundreds of guests on his podcast, and unearthed countless pearls of wisdom that he shares with you in this episode. You might be thinking: “They’re interviewing a stock market investor on a real estate podcast?” Yes, and any real estate investor could learn a thing or two! As a practiced student of the financial markets, Stig calls out all-too-common mistakes made by new investors, and shares a blueprint for you to use to determine if and how to get started in the markets, regardless of experience. In This Episode We Cover: The 3 timeless traits of billionaires Why real estate investors should “cross-train” in the stock market Assessing best- and worst-case scenarios Why you need to "resonate" with your chosen asset class Why real estate is an asymmetric bet with high reward for relatively small risk How to get into investing in the stock market with little-to-no experience Common mistakes of new stock market investors How a BiggerPockets member saved Stig's life on an overseas trip (really!) Links from the Show BiggerPockets Podcast The Investor's Podcast Network's list of best investing podcasts The Investor Podcast Network Click here to check the full show notes: https://www.biggerpockets.com/show415 Learn more about your ad choices. Visit megaphone.fm/adchoices

The harder the problem, the bigger the reward... and real estate developers who can solve affordable housing problems can do very, very well. Enter today's guest, Evan Holladay, who reached 1,300 units before the age of 30 through a combination of focus, relationship-building, and a deep understanding of the rules of the game. In this high-level episode, you'll learn how Evan and his team apply creative financing techniques to multimillion dollar projects; how they takes advantage of tax credits and grants and put together public-private partnerships; and why patience and persistence can lead to huge profits in the development game. Whether you plan on getting into bigger deals in the future or not (Evan wants 100,000 units!), this episode will inspire you to start thinking like a big-time investor, strategist, and leader. In This Episode We Cover: Listening to "what fires you up" when getting started Evan's apprenticeship for a student housing developer What a public-private partnership is Using tax credits to make a profit building affordable housing How he creatively finances big multifamily deals How he manages risk Why “it’s more valuable to control real estate than to own real estate” Why development is such a big opportunity in markets where "it's too expensive to invest where I live!" And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Shirt How to Invest In Real Estate With Only $1,000!? BiggerPockets Podcast 353: Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode LoopNet Check the full show notes here: http://biggerpockets.com/show414 Learn more about your ad choices. Visit megaphone.fm/adchoices

You, BiggerPockets listener, may have more in common with Matthew McConaughey than first realized... Changing careers. Wondering how family life fits in with a hard-driving work ethic. Embracing spontaneity, but learning that success comes from making the choice today to "be kind to your future self." The Oscar-winning actor covers those topics and more in our chat today. A lifelong journaler, McConaughey is in a reflective mood after writing his first book, Greenlights... which is filled with unforgettable stories about growing up the son of Texas an oil pipe "peddler," stumbling into acting after a night drinking with the producer of Dazed and Confused, getting arrested for playing the bongo drums in the nude, and his mid-career shift toward intense, challenging projectslike Dallas Buyers Club. If you're thinking "nah, this episode won't teach me how to house hack"... fair enough. But give it a chance and see if you aren't entertained. It's a soulful, positive, not-at-all-Hollywood conversation about choices, happiness, and success. Here's to catching more greenlights! In This Episode We Cover: Matthew's upbringing and lessons learned from his parents His decision to reject law school to pursue film His dad's 3 words of advice on choosing a career Forming your personal identity through a process of elimination How he prepares for intense roles The power of solo travel His faith His beliefs about money and philanthropy The give-and-take between career and family life Links from the Show BiggerPockets Podcast Greenlights book's website Click here to get the full show notes: https://www.biggerpockets.com/show413 Learn more about your ad choices. Visit megaphone.fm/adchoices

Ashley "BadAsh" Wilson is back today to discuss how she's shifted strategies since her popular first appearance on the show two years ago. Today's topics: Jumping from house flipping and short-term rentals into large multifamily; finding and using your unique ability when getting started; and how women can (and should!) use real estate investing to secure financial independence. Want to know how many offers it takes to land a 150-unit apartment building in Houston? Interested in multifamily, but unsure where to start? You'll get answers in this show – and in the multifamily "tip sheet" she prepared just for our audience (download it below). If you are a woman who's determined to get into real estate investing – or if you think your wife, mother, sister, or daughter would benefit from hearing Ashley's story – pick up a copy of her new book, The Only Woman in the Room: Knowledge and Inspiration from 20 Women Real Estate Investors today! In This Episode We Cover: How Ashley made the jump from flipping and rental houses to large multifamily investing Her #1 tip for anyone who wants to get into multifamily How she acquired a 150-unit apartment building in Houston What a "Letter of Intent" (LOI) is Looking at 200 deals just to buy one (!) Using "the stack" method vs. multifamily syndication How she became an expert in construction management Why she wrote a book about being "the only woman in the room" Why it's worth visualizing your perfect day when you start building your business And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Building a Six-Figure Family Real Estate Business with Ashley Wilson Roadmap for Scaling to Large Multifamily BiggerPockets Blog Open Door Capital J Scott of BiggerPockets Business Podcast Mid Atlantic Summit by Dave Van Horn The Real Estate Investher InvestorGirl Brit Instagram BiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason Check the full show notes here: http://biggerpockets.com/show412 Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever bought a whiteboard or a journal and thought, this is it... This is the moment when I REALLY commit to goal-setting... and then (as it tends to do) life just kind of gets in the way? This episode is about rethinking your approach to goals – and to do this, we've brought in an expert on managing your time and mental energy like a billionaire: Geoff Woods, VP of The One Thing and facilitator of their upcoming virtual goal-setting retreat Today, Geoff shares the blueprint that high-performing couples, teams, and individuals use 1) cast a shared vision of the future 2) work backwards to map out important steps, and 3) regularly recalibrate and track progress. Plus, we put this to the test, live! About halfway through the episode, you'll meet Matt and Melissa Miller – married parents of 3 who own 7 units but are struggling to define their exact vision... and the action plan required to realize it. Geoff leads them through a goal-setting exercise live, and the result is inspiring and surprisingly emotional. #MarriageGoals - literally! Whether you're looking to get on the same page as a spouse, business partner, or just chart out a clearer path for yourself... you'll get a ton of value out of this episode. Let us know what you think of it, and use the link below if you're interested in joining Geoff (and Brandon and Heather Turner!) at the retreat next month. In This Episode We Cover: How billionaires set goals What to do when your spouse or partner is not a natural goal-setter How to have an ongoing relationship with your goals A live goal-setting exercise with a real estate investor couple, Matt and Melissa Defining whose lane is whose when running a business with your spouse or partner What happens at a goal-setting retreat Geoff's personal story of leaving medical sales to work with Gary Keller and Jay Papasan Links from the Show BiggerPockets Podcast Virtual goal-setting retreat The 1 thing Website The 1 thing podcast Click here to check the full show notes: http://biggerpockets.com/show411 Learn more about your ad choices. Visit megaphone.fm/adchoices

What does it take to pull off a home run real estate deal? Today, we put that question to Ken Corsini, HGTV star and author of Profit Like the Pros: The Best Real Estate Deals That Shaped Expert Investors. Ken spoke to a diverse group of 25 investors about their very best deals, and in this episode he breaks down the common threads that run through each of those stories. You'll also hear Ken's tips for building your own personal brand in your market, and how he used his "Flip or Flop Atlanta" fame to build a brokerage and mortgage company. Throughout this episode, Ken points you to individual investors in the BiggerPockets community; be sure to check out their BP profiles to learn more... and pick up a copy of the Profit Like the Pros in the BiggerPockets store today. Every format includes a bunch of great bonus materials, including a breakdown of 22 investors' worst deals – so you can avoid the same mistakes. In This Episode We Cover: How personal connections often lead to home run deals Honing in on a specific niche and building expert knowledge How one deal can change the trajectory of your career Ken, David, and Brandon's personal best/favorite deals Common traits of the worst deals featured in Ken's book How Ken built a personal brand, then spun it into different businesses How he controls each aspect of his real estate transactions (title, lending, etc.) And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Flip or Flop Atlanta Best Deal Ever (Youtube Series) BiggerPockets Podcast 339: 60,000 Tenants?! How Frank Rolfe Built a Mobile Home Empire BiggerPockets Podcast 405: Investing in the Only True Recession-Proof Asset: Yourself! with Lewis Howes BiggerPockets Podcast 235: How to Find and Fund Real Estate Deals with Anson Young BiggerPockets Podcast 401: Follow these Steps to Get People to Know, Like, and Trust You with Jordan Harbinger BiggerPockets Podcast 329: Financial Freedom Before 30 Through Just 10 Deals With Felipe Mejia Self Storage Properties at Pennies on the Dollar with Stacy Rossetti Real Estate Rookie Podcast Check the full show notes here: https://www.biggerpockets.com/show410 Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's a special episode featuring the author of a book we can't get enough of: Bluefishing: The Art of Making Things Happen by the man, the myth, the legend - Steve Sims. Who is Steve, anyway? Well, he's a former bricklayer and bouncer-turned-entrepreneur who uses a unique mindset and blend of skills to creates once-in-a-lifetime experiences for billionaire clients. Experiences like: getting married by the Pope in the Vatican, having a private dinner at the feet of Michaelangelo's David statue, or going on an underwater tour of the Titanic shipwreck. And here's the thing: as you'll hear in this episode, Steve's not a silver-spoon, high society type. He's just a regular guy who chooses to think and act differently, consistently. And after this episode, you'll be able to "Bluefish" your way into more relationships, more private money, and ultimately more deals! We talk about "leading with value" when approaching mentors... blah blah blah. Today, you'll hear a refreshing new twiston that concept, and learn actual tactics you can put into practice to make more connections and level up your life today.  One final note: Steve uses some colorful language in this episode; please take note of the "Explicit" label, and listen to this one when the kiddos aren't in the backseat :) In This Episode We Cover: How Steve went from bricklayer to bouncer to building a business that makes people's dreams come true What "Bluefishing" is Digging deeper to find your customers' true motivation The one thing Artificial Intelligence can't replace Why it's often better to remove – rather than solve – problems in your business How to chase your own dreams, not someone else's Why social media "influencer culture" often leave you feeling empty and unhappy Stories of working with clients ranging from Elon Musk to The Pope Links from the Show BiggerPockets Podcast Bluefishing SpaceX Click here to check the full notes: http://biggerpockets.com/show409 Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever wonder how your family would manage if you or your spouse lost your job? Emma Powell faced that reality head-on. She knew she needed "full-time income" while continuing to spend time with her family... and she knew real estate investing would be the vehicle to get her there. Today Emma shares her journey from part-time photographer to multifamily dealmaker – how she got in the game by joining a REIA and immediately loaning money to an experienced investor (we discuss the right and wrong way to do this); her #1 piece of advice when meeting with a potential mentor; and her foray into the world of lease option ("rent to own") deals. Plus – Emma shares her perspective on how to choose a niche that suits your strengths (wholesaling wasn't for her; syndication and bigger commercial deals were a better fit). This is an inspiring story of someone who experienced a financial wake-up call, and went from total rookie to syndicator in just a few years... all while homeschooling 6 kids. Enjoy this one, and we'll see you again on Sunday! In This Episode We Cover: Emma's reaction to her husband being laid off from his tech job What a Real Estate Investor Association (REIA) Meeting is How she's found nearly all her deals by simply networking Due diligence when loaning money to an investor What lease options are What a "due on sale" clause is Closing a great deal after a seller was burned by wholesalers Her passive income goals for the future And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Real Estate Investment Association The Real Estate Syndication Show 5 Hour School Week BiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui BiggerPockets Blogs BiggerPockets Webinars Check the full show notes here: https://www.biggerpockets.com/show408 Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to think like a high-level investor and business owner who is seizing the moment and enjoying his best year ever? Listen up! Former Oakland A's baseball player (and show 292 guest) Ryan Pineda steps back up to the plate today... and he delivers a detailed breakdown of how he's using TikTok, Youtube, billboards, and TV commercials to generate an avalanche of leads in the Las Vegas, NV market. Ryan's team flips and wholesales 100 houses a year... but because he's set them up according to the EOS/Traction system, he spends just 3-4 hours per week running things! Sound good? Well, a lot of hard work went it. And in this episode, you'll hear the journey firsthand: from exactly how each member of Ryan's team handles a transaction, to why they keep a visual scoreboard in the office, to how he had to shift his mindset after realizing he was the bottleneck holding his business back. In This Episode We Cover: Operating a real estate brokerage, tax company, house flipping business all at once Flipping 100 houses/year in 3-4 hours/week How Ryan attracts deals using TV ads and billboards Why he believes influence is the most valuable currency today Finding the one thing you can't delegate How he leads a team using EOS system from the book Traction How structure can actually free your team up to do their best work And SO much more! Links from the Show: The DISC Profile EOS Don't this miss one this one, and leave us (and Ryan) a comment in the show notes over at biggerpockets.com/show407. Learn more about your ad choices. Visit megaphone.fm/adchoices

"Systems, People, and Positive Vibes" are what powers Shelby Osborne's business, and today she breaks down exactly how she's used those 3 forces to go from 0 to 51 units in just a few years. Shelby shares how she boils everything down into checklists and automated reminders, so she can focus more energy on revenue-generating activities. Plus, she shares a combination word that's right up there with "liger," "bromance," and "Bollywood": the "BRRRR-nB." In her Deal Deep Dive, she reveals how she picked up a foreclosure property, transformed it into an Airbnb to generate big-time cashflow, and expects to pull all her money out so she can do it again and again! A former U.S. Army captain, Shelby is a serious go-getter and you won't help but be energized by her "no excuses" approach to life – colorful language and all ;) Oh, and before you leave this page be sure to check out her checklist for startup your own real estate meetup below! (If you can't see it on your phone, head over to biggerpockets.com/show406.) In This Episode We Cover: How Shelby transitioned from Army life to real estate agent and investor life How she finances her deals with a combination of bank loans, hard money, private money and lines of credit The details of her ongoing "BRRRnB" deal How she saves time by using email templates and automated follow-up sequences How to set up your business to run on autopilot so you don't have to rely on your (unreliable) brain Building a community to attract talented people with positive attitudes And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Wealth Magazine BiggerPockets Insights Myers & Briggs Test The DISC Profile Open Door Capital Find Real Estate Agents Pints and Properties Meetup BiggerPockets Podcast 396: Post-COVID-19 Investing and Landing Great Deals at Auctions with David Osborn and Aaron Amuchastegui AirBnb The Incredible Power of Long-Distance BRRRR Investing with Alex Felice Check the full show notes here: http://biggerpockets.com/show406 Learn more about your ad choices. Visit megaphone.fm/adchoices

Do you have fears and insecurities that hold you back from the life you envision? No? OK, well we'll see you next week... But really: this topic gets to the heart of why so many real estate investors quit, fail, or never even get started at all. Today's guest, Lewis Howes, has been studying these concepts for the past 13 years as host of the hit podcast School of Greatness. It all started as an effort to climb out of a major low point in Lewis' life, when he was broke and sleeping on his sister's couch... having crashed out of a brief arena football career. In this episode, you'll learn how Lewis learned to hack his self-limiting beliefs by systematically putting himself in situations (Toastmasters, salsa dancing, public speaking) that utterly terrified him. And he shares some practical exercises you can do to achieve greater confidence and self-mastery. Plus -- as a LinkedIn expert with a far-reaching network of connections, Lewis also opens up about how to effectively network on social media and elsewhere. Don't miss this weekend episode of the BiggerPockets Real Estate Podcast, and give Lewis a shout on social media you take him up on his challenge to write a mission statement for your life! As always: if you're enjoying these shows, the best way to show your appreciation is to rate and review us on Apple Podcasts. It really helps us out! In This Episode We Cover: Climbing out of a hole when he had no money and no marketable skills Overcoming fear of public speaking Two practical exercises to confront your biggest fears The clarifying power of writing a personal mission statement The LinkedIn message formula Lewis used when reaching out to powerful people Choosing a niche, then a sub-niche The 3 magic words that multiply your chances of getting a deal or upgrade The one common trait shared by all the top performers he's interviewed And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast USA Men’s National Team Ellen’s Show The Today’s Show LinkedIn Rookie of the Year Lewis's Interview on Jay Shetty's Show On Purpose Dave Ramsey Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! BiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees Sweet Martha's Cookie Jar Kevin Hart on His Secrets to Success and Building an Empire Monday.com Rob Bell Real Estate in Your Twenties BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!) BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors Gary Vaynerchuk on Finding Deals Through Social Media & Crushing It as an Entrepreneur Click here to check the full show notes: https://www.biggerpockets.com/show405 Learn more about your ad choices. Visit megaphone.fm/adchoices

We frequently talk about networking as a real estate investor: for example, talk to your mail carrier because they likely have seen opportunities in your neighborhood. But what if you are the mail carrier? Today’s guest, George Gipson, worked for the USPS when he started investing, which seems like the perfect opportunity for finding deals. But as with any start in real estate investing, it isn’t always as easy as it seems. In today’s episode, we talk about taking action and committing to yourself - to ensure that those key opportunities actually work in your favor. We also talk about how important it is to learn your personal finances before diving into investing, plus how George used house hacking and short-term renting to reach financial freedom at an early stage of his investing. He’s even quit his job at USPS now so he can focus full-time on real estate. This is a real story about getting it done and seeing your own potential. In This Episode We Cover: Investing that doesn’t meet your standard rules of thumb Overcoming issues that might be deal-breakers for other investors Living for free through house hacking and short-term renting Setting up your short-term rentals for success Utilizing your network to find deals Pushing through your commitment to yourself, even when it isn’t easy Finding the path in life that’s right for you And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Marketplace Realtor Zillow Trulia BiggerPockets Podcast 393: Campus Maintenance Man to $10M in Real Estate Owned with Rick Jarman BiggerPockets Shirt Check the full show notes here: http://biggerpockets.com/show404 Learn more about your ad choices. Visit megaphone.fm/adchoices

Whoa. Today we have the man Brandon credits with helping him "go big" in business and life: his performance coach, Jason Drees. In fact, Jason works with a bunch of real estate investors... and today he shares tools for getting your mindset right and getting out of your own way as you grow your portfolio! You'll love hearing Jason explain what a coach does, how he worked with Brandon to turn a weakness (fear of fundraising/rejection) into a strength ($10M+ raised in 2020), and the reason why some of his clients are thriving despite COVID-19. Plus: about halfway through, there's an absolute gem when the guys discuss the planning models they use to attack challenges. Jason suggests a small but powerful mindset shift, and we're not exaggerating when we say this one tip may cause you to rethink your whole plan... and unleash new potential you didn't know you had! This is a real, vulnerable episode where both Brandon and David both discuss holding onto identities and beliefs that no longer served them. So what did you think? Let us know in the comments at biggerpockets.com/show403, or in a review on Apple Podcasts. In This Episode We Cover: Common ways real estate investors self-sabotage How Brandon got around his discomfort with raising private money How our mindset influences our emotions The BIG difference between the "Decide, Plan, Commit" model and the "Decide, Commit, Plan" model Avoiding goals that are too specific Thinking like a millionaire How to feel empowered in the midst of COVID-19 And SO much more! Links from the Show BiggerPockets Forums Tony Robbins My Body Tutor P90X DVD Workout - Base Kit Matt Kahn Jay Abraham Jason Drees Coaching  JDC Mindset Academy   Check the full show notes here: http://biggerpockets.com/show403 Learn more about your ad choices. Visit megaphone.fm/adchoices

When it comes to pulling the trigger on a rental property, what we have is a "paradox of choice." So. Many. Options. It's easy to suffer from Fear of Missing Out, and it's even easier to get overwhelmed by the vast array of options out there. That's where today's show comes in: press play, and Brandon and David will guide you through an 8-step process to closing on that first (or next) rental property. Along the way, they share the tools (BP Insights) and team members ("Core Four" and more!) they use to guide decisions about where and how to deploy their capital. Your action steps start with clarifying your goals, then we move to comparing markets and sizing up different neighborhoods using school district ratings and crime data. Next, we tackling finding a deal – whether you're using an agent, a wholesaler, turnkey provider, or going off-market yourself... and how to avoid getting into trouble by "trusting your gut and hoping" when you're in an unfamiliar territory. If you invest out of state, should you fly out? What about systems and standard operating procedures once you've got a tenant in the property? We answer all those questions, and more. Finally: We mention it a few times in this episode, and if you want to take advantage of our awesome new Pro benefit, BPInsights, use the discount code BPDATA for 20% of a Pro Annual membership. You'll get access to exclusive BPInsights Facebook group, a bonus webinar showing you how to use this platform to identify a market, and a bunch of other great Pro benefits including unlimited calculator use. Oh, and be sure to use that discount code before it expires on October 1st, 2020! In This Episode We Cover: Comparing the Cashflow vs. Appreciation potential of various markets Rent-to-Price and "Rent-to-Income" ratios + other indicators How to find market rents, crime data, and school district info The one team member you should seek out to double-check your assumptions about a neighborhood Various types of deal finders and the pros and cons of working with each What to consider when working with turnkey providers Using BPInsights data in your quest for a property And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Pro discount code: bpdata BiggerPockets Insights Meet Property Management Extraordinaire, RE Investor & Hotel Owner Jesse McCue BiggerPockets Marketplace Realtor Zillow Trulia 5 Markets With Promising Rent-to-Income Ratios: September 2020 Markets of the Month BiggerPockets Events BiggerPockets Bookstore Check the full show notes here: http://biggerpockets.com/show402 Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the brand new Sunday edition of the show – where we go beyond tactics and focus on the "mind game." In this premiere episode, you'll learn about the easy, free practice that might just be the highest ROI use of your time... and there is no one more qualified to teach this than Jordan Harbinger. Jordan brushes aside common myths about transactional "networking" using business cards or annoying LinkedIn messages. Instead, he shares the proven system he's used to build a world-class network. In fact, Jordan's strategies are so effective, the CIA and MI6 intelligence agencies hired him to teach them to their agents! So, how does this apply to real estate investing? Well.. what would it be like to have a solid stable of connections to mentors, private lenders, and people who actively look for opportunities for you? We're talking about people who you know would pick up your call. This show breaks down exactly how you can build those kind of relationship without changing your personality – even if you think you don't have a ton to offer the other person. Here's our challenge to you: put just one of these strategies into practice in your business this week, and see what happens. Hit us up on Instagram (@beardybrandon and @davidgreene24) to show us you did it! And remember, without committing to a system and following up, you won't get results. Let us know what you think of this new iteration of the BiggerPockets Real Estate Podcast. And if you're interested in more conversations like this, check out Jordan's podcast, the Jordan Harbinger Show, wherever you listen to us. In This Episode We Cover: Why intentional networking is so crucial for real estate investors How to take full advantage of your time at real estate meetups His "Connect 4" system for reengaging with 4 people ("weak and dormant ties") each week How to generate social capital How to avoid strictly transactional relationships The right way to introduce two people to each other over email Developing confidence and overcoming shyness to succeed in the business world And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore Craigslist Ben Horowitz BiggerPockets Events Boomerang for Gmail Superhuman Emails Ray Dalio Mark Cuban Check the full show notes here: http://biggerpockets.com/show401 Learn more about your ad choices. Visit megaphone.fm/adchoices

Over 400 episodes, we've absorbed a lot of hard-won real estate investing wisdom from our guests. Pretty tough to boil down to 10 concepts... but that's exactly what Brandon and David set out to do on today's show! You'll hear them outline each principle, cite the person they learned it from, and bring it to life with real-world examples from their own investing experience as well as those of previous guests. It's a fitting tribute to a major milestone for the show, and we hope it inspires you to revisit some classic episodes and implement this advice in your own business right away. Thank you for supporting us; we sincerely appreciate you. If you like what we do, can we ask you to take 30 seconds to leave us a rating and review on Apple Podcasts? Every single one helps, and seeing your feedback motivates us to create more value on the road to episode 500! In This Episode We Cover: Playing "great defense" with your spending The danger of jumping the gun with the wrong tenant, deal, or partner Focusing on one niche until you're a master Asking yourself exactly what you need to achieve your vision Ways your ego can cost you money in real estate investing Tracking results and constantly improving Only investing in assets you know well Why you should strive to be great at your day job Why bigger deals aren't necessarily more harder And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore Andy Frisella BiggerPockets Podcast 353: Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode My Body Tutor Josh Dorkin BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah BiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan BiggerPockets Podcast 276: Early Retirement ($10k/Month) by Age 35 with Bryce Stewart James Wedmore BiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport BiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan Holiday BiggerPockets Podcast 396: Post-COVID-19 Investing and Landing Great Deals at Auctions with David Osborn and Aaron Amuchastegui BiggerPockets Podcast 328: How to Laser-Focus on the Wildly Important With Author Chris McChesney BiggerPockets Podcast 246: Surviving the Coming Crash, Earning 20% Returns, and Buying Mobile Home Parks with Kevin Bupp BiggerPockets Podcast 262: $600,000 Per Month in Gross Rents from Mobile Home Parks with Jefferson Lilly BiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber Check the full show notes here: https://www.biggerpockets.com/show400 Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we’re swerving a bit from tradition to bring you a guest who is not a real estate investor. Jeff Thorman spent years as a general contractor, built his own company, then started his own YouTube channel, HomeRenovisionDIY, to teach people how to renovate their own homes. Learn from his years of experience renovating in this episode. Jeff brings us incredible tips on building strong relationships with contractors - from inquiry to project close. We discuss the importance of using quality materials in any project. We even dive into some projects you should absolutely be able to do-it-yourself as an investor. As a real estate investor, you will have to complete renovation projects at some point - use this episode to make sure those projects are seamless and successful! In This Episode We Cover: Learning the contractors’ perspective The importance in using quality materials and building long-term solutions in your properties Shopping directly from suppliers to save money on big rehab projects Creating systems to retain quality contractors Understanding the real cost of low-cost materials  Upgrades to improve your rental property and decrease vacancy How to ask a contractor to walkthrough a project before you buy it How to spot houses with cosmetic fixes vs. big, expensive projects Newbie DIY projects anybody can tackle And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore Virtual Wealth Expo BiggerPockets Calculators Home Depot Joanna Gaines Ikea cost vs value report BiggerPockets Insights Marr Risinger's Youtube Channel Check the full show notes here: https://www.biggerpockets.com/show399 Learn more about your ad choices. Visit megaphone.fm/adchoices

When Tarl Yarber last appeared on the show (#189), we got a behind-the-scenes look at his monster house flipping business. He was doing a lot of volume, but here's the catch: he was stressed out and unhappy. Plus... with zero rentals to his name, he had to keep spinning the hamster wheel – "feeding the machine" – to make any money. Today's show is about a big mindset shift, and the systems and teams Tarl put in place to create a business that truly serves him, rather than the way around... and allows he and his wife to travel 200 days a year while working on his business rather than in it. We cover a lot of topics here, from high-level success principles to the specific real estate investing actions you can take – today – to adopt a more intentional and focused approach to building longterm wealth. Lastly – Tarl's an exceptional networker, and the guys discuss the importance of meeting up with other rockstar investors even if the pandemic is preventing you from doing it in person. So... how do you do that? Well, Tarl's hosting a virtual conference September 18-19, and he's offering a 50% discount to BiggerPockets Pro members (check your email). This isn't a series of webinars, either... You'll be able to actually meet up with other attendees through online breakout groups, so it solves for the biggest challenge most investors are facing right now. Follow this link to http://virtualwealthexpobp.com/ to snag your ticket today! In This Episode We Cover: The many advantages of the Buy, Rehab, Rent, Refinance, Repeat (BRRRR) Strategy Creating multiple exit strategies when BRRRR'ing Why sketchy tax deductions can hurt your longterm wealth Designing your real estate investing strategy to fit your desired lifestyle How Tarl and his wife mapped out their vision on butcher paper Making a "To Do" List and a "To Don't" List Why businesses need to be able to "scale down" in times like these And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Business BiggerPockets Bookstore BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!) Virtual Wealth Expo BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber BiggerPockets Podcast 395: From Car Valet to $100k/Month… Seriously! with Thach Nguyen The Notebook Check the full show notes here: https://www.biggerpockets.com/show398  Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's episode we open up the phone lines again to field your real estate investing questions... and for an added twist, we bring in the familiar voice of author, BiggerPockets Business Podcast host, and house flipper/investor extraordinaire J Scott. You'll hear callers chime in with questions like: 1) "Help me get started" 2) "should I partner with family members?" 3) "How do I transition from single family to multifamily" – and much more! From refinancing and the finer points of BRRRR... to mentorship and long-distance investing... It's all here! Tell Brandon and David what you think of this new format in the show notes at biggerpockets.com/show397. We want to hear from you, too! Learn more about your ad choices. Visit megaphone.fm/adchoices

No one knows where the real estate market is headed next... but with an estimated 30 million Americans out of work, wouldn't you like to know how to buy foreclosed properties, step-by-step? That's what you'll learn today, from two investors who have completed over 1,000 deals each: David Osborn and Aaron Amuchastegui. They begin the show by sharing their thoughts on today's economy (hint: they've kept plenty of cash cash on hand), then walk us through their 5-step process for successfully bidding on foreclosed properties at auction. From building a list of properties, to lining up funding, to checking title and actually making your bid, you'll learn how David and Aaron (+ thousands of other investors) built serious wealth buying up distressed properties after the last big crash. This skill set is another tool to add to your tool belt, and whether there's another wave of foreclosures coming or not, you can use it to build serious wealth. For more, pick up a copy of David and Aaron's new book, Bidding to Buy: A Step-by-Step Guide to Investing in Real Estate Foreclosures. And check out the show notes at biggerpockets.com/show396 for a transcript and other resources. In This Episode We Cover: The impact of COVID-19 on various assets Why David Osborn is keeping a heavy cash position How the foreclosure process works (notice, etc.) What a foreclosure auction (sometimes called a "trustee sale") is The 5 Steps to buying at auction Why it's so important to drive by every property you plan to buy Aaron's first auction experience as a newbie How to deal with a lien on a property And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast Keller Williams BiggerPockets Podcast 353: Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode GoBundance Auction.com Roddy's Foreclosure Listing Auction Texas BiggerPockets Analysis Calculators BiggerPockets Podcast 385: Once Homeless, Now Investing in an Expensive Market (With No Money of His Own) With Greg Gaudet Real Estate Rockstar Podcast BiggerPockets Money Podcast Real Estate Rookie Podcast BiggerPockets Business BiggerPockets Bookstore Check the full show notes here: https://www.biggerpockets.com/show396 Learn more about your ad choices. Visit megaphone.fm/adchoices

Today: a no-excuses, American Dream story that will get you fired up to go hunt down a deal! Thach Nguyen is an investor and agent in the Seattle, Washington area. When he was a kid, his family fled Vietnam for the U.S... he later parked cars at a Chinese restaurant... and despite becoming a top-producing agent building a monster portfolio of paid-off rental properties, he's still hungry and shows no sign of slowing down. In today's episode, Thach (pronounced "Thatch") shares the lessons he learned during the Great Recession, his criteria for buying a "perfect BRRRR"... and why he says there's no shame in living with mom and dad to save money! Plus, the guys discuss the pros and cons of paying down mortgages, the psychological advantage of owning your primary residence free-and-clear, and Thach's favorite (free) lead generation strategy. We think you'll love Thach's energy; he thinks big and will motivate you to do the same. Give him a follow (IG: @thachnguyen) and let us know what you think of this episode! In This Episode We Cover: How Thach created $100k/month (!) in rental income Why he's focusing on the affordable housing niche Buying townhouses in Seattle, WA Buying a "micro-apartment" building in Oakland, CA And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah How To Start Thinking Like A Big Time Real Estate Investor (Video) Tarl Yarber Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever considered partnering up with your spouse or another family member? Today's guests Elliot and Chrissy Smith did just that when they left stable careers to flip, wholesale, and buy rental properties together in Washington state. Running the business together wasn't easy on their marriage. In fact, they almost got divorced. Fast forward to today... they're happy, doing 25 deals/year, and building long-term wealth by steadily buying rental properties. So, what adjustments did they make? In this episode Elliot and Chrissy share what they've learned about defining roles, managing cashflow, and finding work-life balance as young parents who happen to be business partners. It's a rare inside look at the ups and downs – and risks and rewards – of running a true family business. As die-hard fans right remember from his appearance on Show #255, Elliot is a skilled negotiator... and today he shares a surprisingly simple negotiating tip for those nerve-wracking kitchen table conversations with homeowners. Look: you gotta love a couple who hires a babysitter just so they can drive around looking for distressed properties (a move which led to today's Deal Deep Dive). So check out this episode, and share it with your spouse, friend, or family member who you think might enjoy it! In This Episode We Cover: How Elliot and Chrissy divided their business into "lanes" Their first taste of success with direct mail Leaving full-time jobs to pursue their dreams in real estate Dangers to be aware of when teaming up with your spouse Showing a seller the math behind your offer Plowing the cash from their flips into buy-and-hold rentals Using the same exact same materials on every flip Incentivizing a contractor by offering a profit share Why they've slowed down their marketing in recent months Elliot's cold call center for real estate investors And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Podcast 255: Six-Figure Real Estate Investing in Just 20 Hours a Week with Elliot Smith Jason Drees BiggerPockets Webinars Tarl Yarber Audible BiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber Check the full show notes here: http://biggerpockets.com/show394 Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investing... old school! Rick Jarman (@realestateoldschool on Instagram) joins us today to share some of his hard-won wisdom from 44+ years as a flipper and landlord in Tuscaloosa, Alabama. And it's quite the journey, from cabinet maker and campus maintenance man to cigar-puffing 64-year-old social media influencer! In this episode you'll hear tales of up markets, down markets, losing it all, getting it all back... and a tornado that wiped out 20 of Rick's 100+ rental houses. He also takes us through his rules for tenant screening, explains why he favors 15-year mortgages, and paints a picture of what it's like to self-manage such a large portfolio of single family homes (with a team, of course). Give Rick a follow, and if you know someone who'd make a great guest on the BiggerPockets Real Estate Podcast send them over to biggerpockets.com/guest where they can apply to appear on the show. In This Episode We Cover: How Rick went from maintenance guy to owning 100+ properties Selling his truck to buy his first rental in 1981 Investing lessons learned through 4 recessions Why his rentals saved him when his home building business failed in the late 90s Losing 20+ houses in a tornado in 2011 Rick's tenant screening process Why tenants' credit scores don't tell the whole story Wrapping 40+ houses into one loan Why some investors "get bored with what works" And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Podcast 382: No Money Down BRRRR Investing with Josiah Smelser (Part 1, Recorded Pre-Coronavirus) BiggerPockets Webinars Credit Score and FICO  Quickbooks Facebook Marketplace BiggerPockets Bookstore BiggerPockets Shirts and Mugs MBA562 Guest Teacher: Brandon Turner- How to (Finally) Write a Wicked-Awesome Book in 100 Days or Less  Check the full show notes here: http://biggerpockets.com/show393 Learn more about your ad choices. Visit megaphone.fm/adchoices

A $1 million net worth before the age of 30... through frugality and creative real estate investing! That's what Todd Baldwin's achieved in a few short years, riding the red-hot Seattle housing market by repeat house hacking, renting by the bedroom, and living way below his means. Sure, Todd's benefited from appreciation, but he's also generating monster cash-on-cash returns across his 6 rental properties. And today, you'll learn just how he's doing it: how he finds pocket listings, why he favors new construction, why he pays for a $2,000/month service most landlords would never dream of providing, how he limits roommate drama, and much more. Wondering if this is legal? We discuss that in detail. Oh, and get this—Todd's all-time vacancy rate? Zero percent. So if you're in a high-priced coastal market, you need to listen to this show. And if you don't, we can pretty much guarantee you'll still enjoy it and pick up a few landlording nuggets along the way. Know someone who might put Todd's strategy to use? Share this episode with him or her today! And make sure you're subscribed to the show so you won't miss us next week. In This Episode We Cover: How Todd makes $12K+ in pure cash flow by renting by the bedroom Why he buys new construction rather than fixer-uppers Why he pays for all utilities The legalities of renting by the room The dangers of buying a property with a homeowner's association (HOA) Using a Tinder-like app to find roommates and tenants Why he hires maids to clean each of his 6 properties weekly His system for preventing conflicts among roommates How complementary skillsets make for great business (and romantic) relationships And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast Redfin BiggerPockets Magazine Renthoop BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! Joe Rogan Check the full show notes here: http://biggerpockets.com/show392 Learn more about your ad choices. Visit megaphone.fm/adchoices

Live calls, Dave Ramsey style! In this episode we open up the phone (er, Zoom) lines to take audience questions on everything from "should I flip or hold this deal" to "Coronavirus cost me my job... how can I invest now?" Brandon and David offer also advice on house hacking, Home Equity Lines of Credit (HELOCs), appraisals, and the pros and cons of tapping a retirement account to jumpstart a real estate investing career. We'll be back to our regular programming next week... but let us know what you think of this format. And if you've got 30 seconds to leave us a rating and review in Apple Podcasts, we wouldn't be mad at that either. Links from the Show BiggerPockets Forums BiggerPockets Podcast Redfin Zillow Realtor.com BiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui Find Real Estate Agent on BiggerPockets BiggerPockets BiggerPockets Podcast 366: 40 Doors in the First 2 Years with Henry Washington Brendon Burchard's Show My Body Tutor The Essential 11 Podcast BiggerPockets Conference Check the full show notes here: https://www.biggerpockets.com/show391 Learn more about your ad choices. Visit megaphone.fm/adchoices

From fashion design work in India, to a corporate career with Nordstrom... to leaving that career to flip 40+ houses in 6 years – all in one of the hottest markets on the planet! Seattle investor Leka Devatha has quite a story to tell, and a lot of hard-won wisdom too! From her 6 tips for finding and keeping great contractors, to the exact criteria she uses when looking for a flip opportunity, Leka spills the beans and outlines a framework you can apply whether you choose to flip, BRRRR, wholesale, or buy and hold. We cover a crucial tax tip for anyone hiring a contractor, ever. Leka shares an unexpected silver lining brought on by the pandemic. And your mind will be blown when she tells how a "cosmetic" flip opportunity morphed into 3-year odyssey and wound up rewarding her with a 7-figure (yes, 7-figure) payday. Give Leka (pronounced "LAY-kuh") a follow on Instagram and let her know if you appreciate this episode... and make sure you subscribe to the show in your favorite podcast app, so you won't miss the next one. In This Episode We Cover: Flipping 40 homes in 6 years A "cosmetic flip" that turned into a 7-figure (!) profit through the magic of subdivision Why you should get to know the land use planner in your city Leka's system for finding and retaining great contractors How to start a real estate meetup Why virtual networking amid COVID-19 is more efficient Why she pays her broker a commission even if she keeps a house as a rental Leka's criteria for a great flip opportunity What W-9s are and why it's so important to get them signed up front And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast Jason Drees Real Estate at Work (Seattle Meetup) Redfin Zillow Realtor.com Caleb Backholm's Insurance BiggerPockets Podcast 388: The 7-Step “Playbook” for Scaling Your Real Estate Business With AJ Osborne Check the full show notes here: https://www.biggerpockets.com/show390 Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you tired of toiling in the trenches... and ready to run a business that cranks out profits without your constant involvement? That's what today's guest has managed to do! In this episode, Michigan-based investor Mike Simmons shares exactly how he went from moderate success to $1 million in annual profit. You'll learn why Mike switched gears from flipping to wholesaling real estate, what he's learned from spending hundreds of thousands of dollars on various marketing channels, and the four-point checklist you must use when considering any kind of partnership. Ultimately, expert marketing tactics are fine and well. But to scale, you've got to master leadership and hiring—topics Mike covers in great detail here and in his new book, Level Jumping. So pick up a copy (see link below), and share this episode with a friend, family member, or fellow investor who you think would enjoy it! In This Episode We Cover: Mike's remedy to cure a bad case of "analysis paralysis" Why he switched gears from flipping to wholesaling Why wholesaling is NOT always a great thing for newbies The marketing channels Mike uses to do 100 deals per year Ultra-specific direct mail tips (from a guy who's sent hundreds of thousands of dollars of direct mail!) What most do wrong with direct mail marketing How he made a $50K assignment fee and the key lesson he learned Hiring and managing transaction coordinators Hiring his first salesperson on a "straight commission" pay structure Using personality assessments like DISC and Kolbe when hiring Why intelligence is not the most important predictor of success in real estate investing And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Podcast 050: Getting Started and No Money Down House Flipping with Mike Simmons BiggerPockets Insights BiggerPockets Insights Rent Estimator Gary Vaynerchuk's Instagram Gary Vaynerchuk on Finding Deals Through Social Media & Crushing It as an Entrepreneur KOLBE Personality Test Check the full show notes here: http://biggerpockets.com/show389 Learn more about your ad choices. Visit megaphone.fm/adchoices

Do you dream of stepping back from the day to day and working on your business rather than in it? Of course you do! AJ Osborne has achieved that goal—and having experienced a harrowing health emergency that incapacitated him for months (see show 286), this Boise, Idaho, investor is ultra-qualified to discuss the value of documenting, delegating, and streamlining your real estate business so it can run without you. AJ owns and operates over 1 million square feet of self-storage. Today he breaks down the seven-step process he uses to improve operations, unlock hidden value, and scale fast. If you're thinking, "I don't do deals that big," rest assured: AJ reveals that he actually lost money on his very first deal but gained a ton of wisdom, which he's generous enough to share with us today—and which applies across the board. Plus, AJ shares a tip on financing deals that may totally change the way you think about growing your portfolio! Check him out, and pick up a copy of his book, The Investor's Guide to Growing Wealth in Self-Storage: How to Turn a Real Estate Asset into a Thriving Business. Learn more about your ad choices. Visit megaphone.fm/adchoices

On today's show: the massive impact of just a few flips and a few small multifamily rental properties. Starting in 2017, that combination allowed our guest Megan Greathouse to step aside from her W-2 job (her husband still works) and spend much more time with her two young kids... all while dedicating just 5 hours per month to self-managing her portfolio in St. Louis. Want to know how she did it? Megan spells it all out in this episode and provides the exact tools and templates she uses to maximize her efficiency—enabling her business to serve her and allowing more time for what really matters. Give Megan a follow, and share this episode with a friend, partner, spouse, or family member who you think might enjoy it! In This Episode We Cover: Starting out with a fourplex Investing with a full-time job and kids The P.R.O.P. system for property management How Megan and her husband use the "2 in 5 Rule" to avoid capital gains taxes How she uses real estate to create time freedom and hang out more with her kids Flipping an old house near Washington University in St. Louis A BRRRR "fail" (contractor issues) that turned out OK Lessons she learned in the military The key to avoiding analysis paralysis: "Get to 80% and go!" Buying a 60-acre farm outside the city And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Podcast Landlord Advisory Panel BiggerPockets Events BiggerPockets Magazine BiggerPockets Money Podcast BiggerPockets Guide in Finding Agents BiggerPockets Books BiggerPockets Webinars BiggerPockets Podcast 100: The 1st Deal, Management Drama, and the Birth of BiggerPockets with Joshua Dorkin Open Door Capital LLC Ryan's BiggerPockets Profile TenantCloud QuickBooks Boomerang for Gmail Seth Mosley's Music and Money Group Brandon's Instagram BiggerPockets Shirt Scott Trench Check the full show notes here: http://biggerpockets.com/show387 Learn more about your ad choices. Visit megaphone.fm/adchoices

Yesterday, Marcus Maloney showed us how he built his deal-finding machine. Today, he tells us how he's hanging onto it by making two big shifts in his business. When the pandemic hit, lenders got nervous... and that put a couple of Marcus' deals in danger. So did he give up? No! He tapped his own network of private lenders to provide financing to his end buyers—a win-win-win. Plus, Marcus tells us why he's shifted focus to the Midwest since we first spoke and how he worked out a deal with a "great tenant" who wound up unemployed and unable to pay rent. Wondering how to adjust your business to the new normal? Check out this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next one. In This Episode We Cover: The problems Marcus ran into in mid-March How he plugged the gap with private money Developing relationships with private lenders before you really need them Why he's concentrating on a lower-priced market How he negotiated with a resident who could no longer afford rent And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Podcast 386: Starting Out With $200 and Investing for Profit AND Cash Flow With Marcus Maloney (Part 1, Pre-Coronavirus) BiggerPockets Podcast 352: No Driver’s License, No Money, No Excuses: How Diego Corzo Blazed a Trail to 18 Doors BiggerPockets Webinars BiggerPockets Radio Podcast 001: Building a Successful House Flipping Business and Losing Millions with Marty Boardman BiggerPockets Podcast 382: No Money Down BRRRR Investing with Josiah Smelser (Part 1, Recorded Pre-Coronavirus) Check the full show notes here: http://biggerpockets.com/show386-5 Learn more about your ad choices. Visit megaphone.fm/adchoices

From "bad drug dealer" in his youth... to earning a master's degree, then jumping into real estate at age 36 and crushing his first deal! Today, Marcus Maloney shares his wild ride in Part 1 of two episodes this week. This one was recorded before the coronavirus pandemic, so we don't discuss that topic. Tomorrow, we'll dive into how Marcus pivoted to keep doing deals in these trying times. In this episode, you'll learn how Marcus used just $200 to launch his career, how he acquired nine rental properties, and how he's completed dozens of local (Phoenix) and long-distance (Chicago) real estate transactions. He also discusses the strategies he's using to generate leads, how he builds trust with both sellers and buyers, and how he works with acquisition managers, who take a cut of the deals they bring him. Plus—the guys have a great conversation about performance coaching and why the thing that's holding you back probably isn't something you're going to fix at a real estate boot camp. Marcus was nice enough to take some time out from riding his Harley to share some of his hard-won wisdom, so say hello to him on the BiggerPockets Forums, where he's a frequent contributor. And don't forget to subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next show! In This Episode We Cover: How Marcus "flipped piglets" as a boy How a rescinded job offer led to him to pursue real estate The personal development he had to do to become a successful real estate investor Direct mail marketing Closing deals on the phone Attracting partners by creating valuable content Why Marcus lives in Phoenix but buys rentals near Chicago What separates successful "bird dogs" and wholesalers from those who give up And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Podcast BiggerPockets Reviews SunTrust Wells Fargo Guild Mortgage Buildium Re-Leased Rent Manager Quicken Loans Cozy Performance Coach Jason Drees Performance Coach Phil Towle Check the full show notes here: http://biggerpockets.com/show386 Learn more about your ad choices. Visit megaphone.fm/adchoices

Flipping with no money down... in Hawaii? You heard that right. Greg Gaudet actually considers himself "risk-averse" and still holds a full-time job, but he's able to make nice chunks of change by hustling to find deals and managing rehabs for Brandon's team on Maui. Today, Greg walks us through his journey from "rock bottom," including bouts with addiction and homelessness, to living the life of his dreams, buying a Porsche cash, and owning a handful of properties free and clear. You'll learn the right way to approach investing in condos, how to bring value to a potential partner or mentor, how Greg manages risk by keeping his living expenses low, and the mindset shifts that allowed him to 1) get clean and 2) "get out of his own way" in the real estate business. This is truly one of the most powerful stories we've told on the BiggerPockets Real Estate Podcast, and it's guaranteed to get your wheels spinning! In This Episode We Cover: How tragedy shaped much of Greg's early years Bad advice he received when jumping into investing What to look for (and avoid) when investing in condos How Greg bought a condo for less than 50¢ on the dollar How he and Brandon structure their flip deals How anyone can flip without risk—if they're willing to work Greg's "why" (and his paid-for Porsche) How to approach a mentor without making it awkward And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Podcast BiggerPockets Calculators BiggerPockets Podcast 302: Making $100k/Deal Using Other People’s Money, Time & Experience with Cory Nemoto Calculating Numbers on a Rental Property [Using The Four Square Method!] Condominium Council of Maui BiggerPockets Events Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! Open Letter Marketing BiggerPockets Podcast 194: Achieving Impressive Spreads Through High-End Flips with Justin Silverio CallPorter Deal Machine KECO Capital Open Door Capital Gobundance BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn Audible Premier Restoration Hawaii Brandon's Instagram David's Instagram Check the full show notes here: http://biggerpockets.com/show385 Learn more about your ad choices. Visit megaphone.fm/adchoices

After yesterday's deep dive interview discussing 2 disastrous flip projects, we have a solo show for you today. And the title says it all, really. Brandon and David boiled down nearly 400 podcast episodes, countless forum threads, books, and real-life conversations, and their own missteps and now present: the Top 10 Ways Real Estate Investors Lose Money. These aren't the only ways to go wrong in this business, but at some point you're in danger of falling into at least one of these traps. So, what did we miss? Let us know in the forums, the comments section on our show notes, or in the Official BiggerPockets Facebook Group. And be sure to subscribe to the BiggerPockets Real Estate Podcast so you won't miss an episode. In This Episode We Cover: Focus vs. spreading yourself too thin The #1 way to lose money that you haven't thought of Managing the people who manage your asset What David calls "Spreadsheet magic" Investing in areas with diverse employment Over-renovating after watching too much HGTV Inheriting tenants from a seller Evaluating real estate agents The myth of "more money down = more safety" And SO much more! Links from the Show BiggerPockets Forums Contractor Bid Form BiggerPockets Podcast 287: Putting Together Real Estate Deals Using Creativity Instead of Cash with Shiloh Lundahl BiggerPockets Calculators Be a guest on the podcast Joe Rogan Podcast Check the full show notes here: http://biggerpockets.com/show384-5 Learn more about your ad choices. Visit megaphone.fm/adchoices

You can put a dollar number on the losses Spencer Cornelia took on his first two long-distance flips... but it's hard to quantify the value of the lessons he learned and is now passing on to you. We noticed Spencer's thread detailing his struggles in the BiggerPockets forums and invited him on the show; he bravely accepted. In this episode, you'll learn the pitfalls to watch out for when taking on heavy renovations (anywhere, but especially long-distance), how to ensure quality work is getting done, and the dangers of letting projects drag on when you're locked into expensive short-term financing. Plus, it's not a total downer... because Spencer's seeing a bunch of success with his new Youtube venture, and plans to continue investing in (less aggressively leveraged) real estate projects. Brandon and David add their own perspectives having made some similar errors in their careers, and tomorrow in Part 2 they'll break down the 10 Deadliest Mistakes Investors Make. New investors: heed the advice in these two shows! And as always: run your numbers conservatively, know your own risk tolerance, and run deals by trusted advisors before jumping in. In This Episode We Cover: What went wrong with Spencer's rehabs How to ensure contractors are doing quality work Incentivizing team members and keeping them accountable How much money he paid in interest and fees to his hard money lenders Functional obsolescence and complications with older homes Why you can't always trust an appraisal "Home buyer turnoffs" and why it's easy to miss them Why Spencer sold and took a loss rather than choosing another exit strategy Why he's not giving up on real estate How you can "go broke buying good deals" And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Podcast BiggerPockets Calculators Famous Four Analysis BiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber Pace Morby's Youtube Channel BiggerPockets Pro Replay BiggerPockets Webinars BiggerPockets Pro  Check the full show notes here: http://biggerpockets.com/show384 Learn more about your ad choices. Visit megaphone.fm/adchoices

Interested in someday making the leap to bigger investments? Don't miss this one! Ben Leybovich and Sam Grooms join us for a high-level conversation about how they transitioned from flips and smaller assets to 100-plus-unit, value-add multifamily deals. Since the first part of this show was recorded pre-coronavirus, we brought the guys back on to hear their thoughts on today's market and get an update on how their business is doing amid the volatility (spoiler: pretty well!). In This Episode We Cover: Finding the perfect partner for you The 6 factors they look at when analyzing a market Why Sam & Ben keep such a large reserve fund Why investors sometimes overvalue cash flow Why they like the Phoenix market How to establish a competitive edge in real estate investing How they look at multifamily syndication as "a long flip" Why equity protects you Buying insurance against interest rate increases Hiring their own construction team How they're adjusting to COVID-19 And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Podcast BiggerPockets Calculators BiggerPockets Podcast 382: No Money Down BRRRR Investing with Josiah Smelser (Part 1, Recorded Pre-Coronavirus) BiggerPockets Podcast 382.5: Surviving When the BRRRR Hits the Fan with Josiah Smelser (Part 2, Post-Coronavirus) Deloitte BiggerPockets Conference 2020 BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah Open Door Capital BiggerPockets Podcast 313: How to Be Happy AND Grow a Massive Business with Entrepreneur Jesse Itzler (and Josh!) Check the full show notes here: http://biggerpockets.com/show383 Learn more about your ad choices. Visit megaphone.fm/adchoices

What happens to a no-money-down BRRRR investor when a pandemic breaks out, lending standards suddenly tighten, private money lenders get skittish, and property values quickly drop? Today, Josiah Smelser returns to the show and tells all. In Part 1 yesterday, we learned how Josiah built a $4M portfolio by buying, renovating, renting, refinancing, and repeating using both hard money and private money. Coronavirus hit him hard. And if he didn't have cash reserves, credit options, and the right mindset, it might have totally wiped him out. When the virus hit, Josiah had 10 properties he needed to refinance. It was a perfect storm: His private money lender immediately pulled funds, his refinance bank changed their terms, and property values dropped—all at once—meaning he would need to bring way more cash to the table. What happened next? Listen to this episode to learn about how Josiah made it through the nightmare and came out on the other side... with more equity and reduced interest payments. Real estate investing isn't all sunshine and rainbows. But if you keep your mind right, plan your exit strategies, and maintain cash and credit lines, you too can survive the curveballs thrown your way. In This Episode We Cover: What happens when private lenders want their money back Why Josiah's bank changed the loan-to-value ratio on him Tapping a cash-out refinance in an emergency Trying to sell a property you had planned to BRRRR Taking out loans in your spouse's name to get around loan limitations Key to pulling off a BRRRR in a down market How Josiah saved $750K in interest over 30 years by getting a lower interest rate How an attorney can help you arrange a great partnership Why Josiah looks at this stressful time as a highlight of his real estate investing career And SO much more! Links from the Show BiggerPockets Forums David's Instagram BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock Mindy Jensen's BiggerPockets Profile BiggerPockets Money Podcast Oculus Check full show notes here: https://www.biggerpockets.com/show382-5 Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we bring you Part 1 of back-to-back episodes with real estate investor/appraiser/author/all-around good guy Josiah Smelser. This first conversation was recorded pre-coronavirus lockdown, but it's packed with tips you can put into action today. You'll learn how Josiah solved the #1 bottleneck in his business (capital!), allowing him to BRRRR at scale and rack up rental properties with very little money out of pocket. Even more impressive: he's doing it long-distance (The properties are in Dallas, TX and Josiah lives in Huntsville, AL.) And if that weren't enough, the guys go in-depth on appraisals – and the techniques you can use to help appraisers see your side of the story. Josiah's a longtime licensed appraiser, so he speaks from experience... and he shares his playbook for giving yourself the best chance to pull all your money out of your deal. If you like what Josiah has to say, then be sure to check it Part 2 tomorrow. We bring him back on, post-COVID-19, to discuss the serious challenges he's faced: lenders pulling out, property values dropping, and even a domestic violence issue at one of his rentals. The good news: he made it through. Tune in tomorrow to hear how! In This Episode We Cover: Why Josiah sold his properties pre-2008 crash (and why he still regrets it!) Combining hard money and private money to BRRRR with no money out of pocket How Josiah uses "boots on the ground" partners to invest at a distance Why he analyzes 8-10 deals per day Buying houses sight unseen Why BRRRR investors must keep cash reserves How to talk to appraisers (like getting out of a speeding ticket!) Why a property's list price is irrelevant Deals... on the MLS, in 2020?! The square footage trick that's made him thousands of dollars Losing out to a lower offer on a big multifamily deal And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Podcast BiggerPockets Calculators Zillow Bring Brandon a Deal Brandon's Instagram Open Door Capital LLC BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray GoBundance Check the full show notes here: https://www.biggerpockets.com/show382 Learn more about your ad choices. Visit megaphone.fm/adchoices

Can you flip, wholesale, and buy rentals throughout a downturn? Yes... IF you heed the advice given out in today's episode. Our guest Tucker Merrihew is more than qualified to tackle this subject, having launched his real estate business in Portland, Oregon, in 2008—during one of the worst housing markets of all time. In a rare "Double Deep Dive" segment, Tucker walks us through a couple TTM Development projects from 2009 and reveals exactly what he did right and wrong at the time. As for the coming months... you'll learn which types of properties to avoid, which price ranges to target, and why renovating old homes can be risky business at this stage of the market cycle. Plus, Tucker explains why he underwrites every deal at 3 different prices to make sure it passes his "Oh $#!# Test" if the market goes south. Tucker is a seasoned pro with hundreds of deals under his belt, and he shares tons of valuable information for free in this episode. Be sure to subscribe to the BiggerPockets Real Estate Podcast for more tips on investing safely while taking advantage of the opportunities ahead. Learn more about your ad choices. Visit megaphone.fm/adchoices

Feeling like you're in uncharted territory as a landlord? You're in good company! Today's show walks you through how to ethically and profitably manage rentals through the COVID-19 outbreak and beyond. Brandon and David sit down with Mike Butler, acclaimed author of Landlording on Autopilot; Chris Clothier, partner at REI Nation (formerly Memphis Invest); and Dave Poeppelmeier, owner of eight houses in Toledo, Ohio. You'll get a ton out of this panel discussion, including exact scripts for communicating with non-paying residents, strategies for connecting tenants to government resources, a discussion about "deferment" vs. "forbearance," and much more. Mike (500+ units), Chris (6,000+ turnkey units), and Dave (8 properties, mostly student rentals) are all in different markets and at different stages of their investing careers... so you're guaranteed to learn something you can apply in your business today. Enjoy this episode, jump on the BiggerPockets Forums to connect with fellow investors, and subscribe to this show in your favorite podcast app so you won't miss us next week! In This Episode We Cover: Mortgage forbearance vs. deferment for landlords What % of REI Nation's tenants paid April rent Establishing open lines of communication with tenants What tone to use in conversations about rent Why Dave proactively reached out to his renters Guiding tenants to government resources (unemployment, etc.) Creating contingency plans Mike's "Wendy's walk-up window" for rent payment How to look for better financing in low-interest-rate environments How to stay organized if you're getting government assistance for your business And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinars BiggerPockets Bookstore BiggerPockets Podcast 224: Building a Process to Buy 17 Deals a Week with Chris Clothier Are Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do! BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock BiggerPockets Bookstore  Check the full show notes here: https://www.biggerpockets.com/show380 Learn more about your ad choices. Visit megaphone.fm/adchoices

There are plenty of opinions out there about where the real estate market is headed next. But what are the numbers telling us? Today we dig into the data with Dave Meyer, BiggerPockets' VP of Growth and Analytics and a real estate investor himself. Dave leads BiggerPockets Insights—a Pro/Premium benefit providing current local market data—and he's been looking at data points in the weeks since shelter-in-place orders began to grind the economy to a halt. So... Why are rents down? Why haven't prices dropped? And what data should investors be keeping an eye on? The guys tackle those questions and much more in today's episode. Plus, Dave discusses his list of the country's best 11 cashflow markets adjusted for vacancy and explains what makes them so attractive right now. Add in a topical "Fire Round" and a breakdown of Dave's "ski for free" Airbnb scheme, and you've got an action-packed episode sure to bolster your confidence in these uncertain times. Check out this episode of the BiggerPockets Real Estate Podcast, and be sure to subscribe to the show in your favorite podcast app so you won't miss the next one! In This Episode We Cover: The top cashflow markets in the country for high value and low vacancy 3 data points Dave looks at when analyzing a new market Why housing prices haven't fallen much yet Dave's (cautiously optimistic) forecast on real estate prices What's happening to rents nationwide What "income-to-price" reveals about a market What BiggerPockets Insights is How new investors can take advantage of this downtime The potential of a population shift away from urban centers How Dave bought an Airbnb in Colorado to "ski for free" And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinars BiggerPockets Bookstore BiggerPockets Podcast 186: How to Get Your First Few Properties — Even in a Competitive Market with Dave Meyer Air DNA BiggerPockets Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager BiggerPockets Pro BiggerPockets Insights Newbie Real Estate Investors - What YOU Should Be Doing During This COVID Time BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene Check the full show notes here: http://biggerpockets.com/show379 Learn more about your ad choices. Visit megaphone.fm/adchoices

With a recession already underway, we're turning to an investor with 30 years of experience, 3,000-plus multifamily units acquired, and one of the sharpest minds in real estate. Brian Burke is back today, and he sits down with Brandon and David to offer his interpretation of current events and to guide our audience through how to invest passively without violating Warren Buffett's No. 1 rule: "Never Lose Money!" Brian explains how his firm Praxis Capital is navigating COVID-19 and shares a few tips everyday investors can use to fortify their portfolios. We also discuss leverage, how lending practices are changing, and techniques you can use today to safeguard your investments against vacancy and drops in valuation. In the second half of the show, Brian speaks to those interested in becoming "hands-off" investors—whether you want to focus on making money in your day job or just don't want to deal with being a landlord. After all, BiggerPockets has 10-plus books on how to actively get deals done... but none (until now) on how to evaluate passive investment opportunities. We go over how to meet syndicators, what red flags to look for, how to diversify your investments... and the absolute No. 1 quality to look for in a passive investment (hint: it's NOT the deal itself). This episode is packed with deep insights into the current market shift, but it's also a timeless lesson in evaluating syndication opportunities. For more info, check out Brian's new book, The Hands-Off Investor: An Insider's Guide to Investing in Passive Real Estate Syndications, and all the great bonus content, too. In This Episode We Cover: How Brian got his start raising capital from his cop buddies "Bulletproof vests" investors can use to survive right now Brian's definition of "over-leveraged" Why Brian is currently more focused on operations than acquisitions How government stimulus $ may affect the real estate market How and where passive investors meet syndicators The #1 quality passive investors should look for in a syndicator Why the deal sponsor is more important than the deal itself Diversifying your passive investment portfolio Red flags to look for when evaluating syndicators Why "alignment of interests" is overrated The lesson he learned from a friend who lost her life savings Links from the Show BiggerPockets Forums BiggerPockets Webinars BiggerPockets Business Podcast Real Estate Rookie Podcast BiggerPockets Money Podcast BiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian Burke BiggerPockets Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian Burke BiggerPockets Podcast 152: Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge Shukhat BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene BiggerPockets BRRRR Guide BiggerPockets Bookstore Check the full show notes here: http://biggerpockets.com/show378 Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's guest does 125 deals a year in Dallas—from his home base in the Caribbean. How? Well, he bailed on direct mail marketing and doubled down on radio ads. And when others froze up as the coronavirus spread, his team put in new systems and closed a $23,500 wholesale deal... without even stepping foot inside the house. Chris Arnold zigs when others zag, and today you'll learn how he sets up his business so he can consistently work ON it, not in it... while enjoying a great lifestyle in Tulum, Mexico. Chris shares timely tips for how to orchestrate deals while maintaining safe social distancing (he even holds "Zoom open houses" with multiple cash buyers at once); breaks down which team member handles each aspect of a transaction; and delivers a fantastic tip for new real estate investors struggling to stay focused. Plus—Chris shares how advertising on local radio stations has elevated his home-buying business to new levels. Look, he says, you might prefer podcasts... "but you are not your seller!" We play one of his ads on the show, and he guides us through how to research various audiences and negotiate the best rates with stations. This show covers it all—from the finer points of buying properties at deep discounts to the mindset shifts Chris has made along the way. Check it out, and if you enjoyed this please share it with just one family member or friend. We appreciate you, and we'll see you next Thursday. In This Episode We Cover: Why Chris runs his business virtually from Mexico His #1 lead generation strategy: good old-fashioned radio! 3 major demographics he markets to Why "bouncing" is the reason so many newbies fail 3 shifts he's made to adapt to COVID-19 How he decides whether to wholesale or fix and flip a property The exact workflow his team uses to work leads from start to finish How he inspects houses remotely Closing deals over the phone How he puts together "Zoom open houses" for cash buyers How he's finding cash buyers who will buy sight unseen How the market is reacting to coronavirus Ways to back out of a contract if necessary And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Coronavirus Relief Programs BiggerPockets Webinars How to Build a Deal Pipeline Realtor Zillow Pandora The Multipliers Mastermind BiggerPockets Business Podcast Real Estate Rookie Podcast BiggerPockets Money Podcast GoBundance Check the full show notes: http://biggerpockets.com/show377 Learn more about your ad choices. Visit megaphone.fm/adchoices

Strength in numbers! When you finish this episode, you'll have 12+ action items that could help you withstand the coming economic slump... and perhaps even accelerate your path to financial freedom. Each investor featured today gives you their top piece of advice for handling an economic downturn: from mindset, to leadership, to specific strategies you can begin to put in place TODAY. Don't miss this one, and be sure to subscribe to the BiggerPockets Real Estate Podcast for more hard-won wisdom on how to lead your business through the coronavirus crisis and beyond. In This Episode We Cover: Why now is the time to write a 10-year vision for yourself Serving others first, even when our impulse is self-protection Cutting overhead to preserve cash Finding creative ways to rent out property Collecting payments up-front, for a discount Working with lenders if you're having shortfalls with rent Investing as a group to hedge risk Controlling your emotions when the market is volatile Why you should be building a team NOW The importance of picking up the phone to nurture relationships And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Magazine BiggerPockets Conference GoBundance BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne BiggerPockets Webinar BiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan BiggerPockets Bookstore BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan Kirkland Signature Protein Bars BiggerPockets Money Podcast 100: From Financial Disaster to Real Estate Master with Brandon Turner Jason Drees Coaching BiggerPockets Podcast 162: How to Pay Less to the IRS with Amanda Han, CPA BiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian Burke AppSumo BiggerPockets Podcast 213: Investing in Real Estate Without Being a Landlord with Noah Kagan BiggerPockets Podcast 201: Flipping 100+ “Zombie” Houses with Justin Stamper BiggerPockets Business Podcast Landlordology Cozy.co Are Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do! BiggerPockets Youtube Channel 876: What Makes a CEO with BiggerPockets CEO, Scott Trench ScottSilverRealty BiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui Check the full show notes here: http://biggerpockets.com/show376 Learn more about your ad choices. Visit megaphone.fm/adchoices

Economic upheaval. Tenants losing their jobs. Entire cities shut down. How should real estate investors operate today? In this episode, we’re opening up the phone lines and patching in both expert investors (Tarl Yarber, Avery Carl, Justin Stamper) and newbies (Sawyer, Adam, Joe) in various markets across the country. What you’ll learn: how hard-hit short-term rental operators can adapt to travel restrictions, how to plan for non-payment of rent, which strategies are likely to work best in the coming economic shift, what the heck is going on with interest rates... and much more. Tell us what you think of this new format, and be sure to subscribe to the BiggerPockets Real Estate Podcast for more on how best to run your business in unprecedented times. Stay safe and we’ll see you next Thursday. In This Episode We Cover: How certain areas of the country are affected How to find renters at this time How to make your Airbnb business thrive Why panic selling is not recommended The value of working with a partner What to do if your properties are affected How the pricing of properties are affected Various creative financing you can try Current status of various investors Why rents never go down And SO much more! Links from the Show BiggerPockets Forums Zombie House Flipping BiggerPockets Podcast 201: Flipping 100+ “Zombie” Houses with Justin Stamper TravelNursing.org Furnished Finder RNvip.com Trusted Health Cross Country Nurses AYA Healthcare BiggerPockets Podcast 374: What Real Estate Investors NEED to Know About the Coronavirus, the Economy, and the Problems at Your Door BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl ClearBank Open Door Capital BiggerPockets Youtube Channel BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber Melanie & Dave Dupuis's Instagram Are Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do! (Video) Dave Ramsey Justin Stamper's Instagram Justin Stamper's Website The Short Term Shop Avery Carl's BiggerPockets Profile BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl Tarl's Instagram BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber Check the full show notes here: https://www.biggerpockets.com/show375 Learn more about your ad choices. Visit megaphone.fm/adchoices

Rent's due... or is it? From quarantines to eviction moratoriums to a plummeting stock market, COVID-19 has upended seemingly everything -- and today we talk through what it all means for real estate investors. J Scott, author of Recession-Proof Real Estate Investing, and Scott Trench, author of Set for Life and CEO of BiggerPockets, join Brandon and David for a roundtable discussion packed with perspective and insight. We begin with a high-level analysis of today's economy, and discuss how you can fortify your portfolio in the face of a likely recession (there's still time!). Then, the guys take on your most pressing questions -- starting with, "what happens if my tenant doesn't pay rent?" *NOTE: If you want to skip directly to audience Q&A, that section starts at 1 hour, 5 minutes.* Whether you're a brand new investor nervous about getting started... or a veteran waiting for the right opportunity to deploy capital, this episode will give you a chance to take a deep breath and assess the playing field. We hope you enjoy this special episode, recorded March 18... Stay safe, take care of yourselves, and stay tuned for more Coronavirus content across all BiggerPockets platforms in the days and weeks ahead. In This Episode We Cover: BiggerPockets members' top questions right now How to control your emotions when people around you are panicking Which strategies do and don't work well during downturns How to approach tenants who have lost income and don't pay rent The importance of "buying right" and keeping cash reserves 6 ways real estate investors should prep for a recession How power dynamics in the marketplace will change Whether you should still be out there looking for deals How to productively use your time while confined indoors Adjustable Rate Mortgages today COVID-19's effect on the overall economy The effects of Quantitative Easing and 0% interest rates And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Money Podcast BiggerPockets Real Estate Rookie Podcast BiggerPockets Business Podcast Mindy Jensen's BiggerPockets Profile Imperial College COVID-19 Response Team Article Ray Dalio BiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie Duke BiggerPockets Calculators 4 Wealth Generators of Real Estate Investing (video) Zillow BiggerPockets Podcast 311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J Scott Check the full show notes here: http://biggerpockets.com/show373 Learn more about your ad choices. Visit megaphone.fm/adchoices

Four years ago, Lee Ripma was brand new to real estate. She vowed she'd one day appear on the BiggerPockets Podcast. That day has come. And we're all better off for it! In this action-packed episode, Lee traces her journey from full-time field biologist to newbie who jumped straight into long-distance multifamily (wait 'til you hear about her first deal!) to developing apartment buildings in the high-end Los Angeles market. You'll learn how she formed relationships with local, "boots-on-the-ground" partners on her BRRRR deals in Kansas City, why she came to prefer value-add multifamily deals over BRRRR, and how she's able to find higher and better uses for properties in Southern California. From looking at our podcast stats, we know a LOT of you are in hot markets like L.A., New York, San Francisco, and Washington, D.C. If you've ever thought to yourself, "My market's so expensive... How can I invest in real estate?"—look no further. This episode will get you motivated, and it may just ignite your real estate investing career! Be sure to subscribe to the BiggerPockets Real Estate Podcast, sample the other BiggerPockets podcasts in our network (just search "BiggerPockets" in your favorite podcast app), and as always, if you appreciate this content, please give us an honest rating and review on Apple Podcasts. In This Episode We Cover: Why she abandoned the idea of building a tiny house empire How her career as an environmental consultant prepared her for real estate investing Why innovation can be overrated How she screwed up her first deal and still made 28% cash-on-cash Why choosing a “submarkets” is more important than the general market you choose Why she shifted from BRRRR to value-add multifamily investing How she unlocks value in rundown apartment buildings Finding “boots-on-the-ground” partners for out-of-state deals How she learned the development game by apprenticing under an experienced investor How real estate development creates money out of thin air Tearing down single-family homes and building 4-unit apartment buildings How she moves projects more quickly by using “prefabricated construction” Why “value-add” drives the biggest returns on investment And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Money Podcast How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman BiggerPockets Task Rabbit BiggerPockets Podcast 092: No (and Low) Money Down Real Estate Investing with Brandon Turner Podcast Movement BiggerPockets Money Tiktok Check the full show notes here: http://biggerpockets.com/show373 Learn more about your ad choices. Visit megaphone.fm/adchoices

Securing financial freedom for her family through long-distance real estate investing! West Point graduate Erin Helle's story starts the day she was ordered to deploy to Afghanistan. She already had a young daughter, and her husband was headed to Iraq. Something had to change. Mix in a serious health condition, the result was this: Erin felt forced to take action and build something that would endure and provide for her daughters no matter what. In this episode, you'll learn which steps she took. From buying new construction, to flipping at a distance, to using a self-directed IRA to purchase a rental property, this show is packed with valuable lessons from an investor who's acquired 20 doors in the span of two years. Erin shares a powerful story that's sure to make you think hard about the legacy YOU plan to leave behind and what you plan to do to get there. In This Episode We Cover: Buying new construction Generating momentum as a newbie investor Erin's key performance indicators Lead measures vs. lag measures Out-of-state real estate investing Teaching young kids about money Why getting your real estate license may be overrated Why she doesn't "DIY" anymore And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” Murdock Open Door Capital $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne Brandon's Instagram Craigslist Zillow Redfin BiggerPockets Money Podcast BiggerPockets Business Podcast Click here for full show notes: http://biggerpockets.com/show372 Learn more about your ad choices. Visit megaphone.fm/adchoices

More "newbie" content. More "first deal" success stories. Tips, tools, and step-by-step guidance from investors just one step ahead of you. That's what many of you have been asking for. And that's what you'll get when you subscribe to Real Estate Rookie, BiggerPockets' newest podcast! Episode 1 is LIVE now, and it's a gem if we do say so ourselves—check it out here. In this brief announcement, Brandon and David introduce hosts Ashley Kehr and Felipe Mejia (remember them from episodes 348 and 329?)... and explain WHO would—and wouldn't—benefit from listening to Real Estate Rookie. You might be asking—is the "OG" BiggerPockets Podcast changing? Or even going away? Not a chance! In fact, we hope you listen to both shows. Check out Real Estate Rookie today, and Brandon and David will have another great interview right here tomorrow. Then next week, you'll get an episode of Real Estate Rookie on Wednesday, and we'll be back to regular programming. Tell us what you think of the new podcast, join the Facebook group (just search "Real Estate Rookie"), and give Ashley and Felipe a follow on Instagram @wealthfromrentals and @felipemejiarei! Learn more about your ad choices. Visit megaphone.fm/adchoices

$700,000-plus in wholesale fees—fresh out of high school! On this show, Will Brown reveals how laser-focusing on “deal flow” allowed him to build a rental property portfolio, build a self-sustaining business, and amass a small fortune… all in a matter of months. You’ll be blown away by Will’s story of being struck by inspiration while playing Grand Theft Auto at age 18. That led to the BiggerPockets Podcast, and well… you’ll have to hear the rest of his story to believe it. If you want to know the exact structure of a four-deal-per-month wholesaling business and the specific marketing methods Will uses to reach sellers, check out this episode. He walks us through how he handles leads, how he manages his business from 3,000 miles away, and why he’s handing over the reins to a partner so he can focus on building a technology startup. This is a fantastic episode highlighting a BiggerPockets member who took massive action, trusted the process, and saw massive results. Download this one, and make sure you’re subscribed to the BiggerPockets so you won’t miss a show! In This Episode We Cover: How Will built a powerful marketing machine How he's able to spend only 30 minutes on each deal How he prevents leads from slipping through the cracks Ringless voicemail messaging and text message marketing Why he prefers wholesaling over flipping houses How he handles tricky title issues Why it's never a bad idea to make an offer Will's artificial intelligence startup And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Ultimate Beginner's Guide BiggerPockets Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles BiggerPockets Podcast BiggerPockets Podcast 209: Flipping 83 Homes in the Last 18 Months with Kevin Carroll BiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport Shark Tank Check the full show notes here: http://biggerpockets.com/show371 Learn more about your ad choices. Visit megaphone.fm/adchoices

Get to know enough CPAs, and you'll hear the "light bulb" story. "I was helping this real estate investor with her taxes... and thought, 'Why am I not doing this?!'" Yes, there are POWERFUL tax breaks available for rental property investors. But you have to know what to look for! That's the focus of today's episode AND the new book (out today!) from Amanda Han and Matt MacFarland: "The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors." You'll hear Amanda and Matt break down the basic concepts you need to understand in order to reach your goals, outline the questions you should ask your CPA, and take on the notorious "Do I need an LLC?" question. You'll also learn about more complex strategies like advanced/bonus depreciation, Opportunity Zone investing, and 1031 exchanges... plus, how short-term rental investors and flippers can optimize their tax strategy. This episode is packed with free information that is literally valuable—meaning it could save you thousands, or tens of thousands, of dollars! Download this one, check out the book, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next show. In This Episode We Cover: How Amanda and Matt ended up doing tax/real estate What they do and how they help clients What their new book is all about How to save tons of money in terms of taxes Best time to work with a CPA How an LLC plays into a real estate investor’s life 3 benefits of working with a professional Importance of having a system in place with the help of tax and legal advisors How cost segregation comes into play Who does a cost segregation study Other things investors should not do on their own Why it pays to be cautious when it comes to 1031 exchanges Why buy and hold is preferable over flipping from a tax perspective Cool things about short-term rentals from a tax perspective What an Opportunity Zone is and why it matters What a flow-through entity tax break is And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Explore Companies on BiggerPockets BiggerPockets Bookstore IRS Website   Check the full show notes here: http://biggerpockets.com/show370 Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to step out of your business and finally gain the freedom to think more strategically? Let Jefferson Lilly show you how! Jefferson is a mobile home park investor, who went from sleeping on an air mattress on-site at his mobile parks to running a lean team and focusing his energy on raising millions from investors. No matter what stage of your career you’re in or what your preferred strategy is, you’ll get a ton of value out of this high-level discussion about building a “2.0” business that serves you AND your team. You’ll learn how Jefferson went from acquiring parks “deal by deal” to starting a fund, how he overcame fear to hire several six-figure employees, and how he incentivizes his team to maximize occupancy. Also, Jefferson breaks down the criteria he uses to narrow down potential deals (including proximity to a Walmart)—AND reveals the four main ways he and his team reach out to mom-and-pop park owners. This is an awesome show, whether you’re interested in mobile homes or not. So check it out, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next one! In This Episode We Cover: The “unfair advantages” of mobile home park investing 4 main methods to find off-market deals How his team uses brokers to source deals Hiring 6-figure employees How Jefferson has raised more than $30M from 200 investors How he incentivizes his team based on occupancy 2 factors that drive profitability in the mobile home park business The difference between a “2.0” business vs. a “1.0” business Jefferson’s biggest career regret Why he aims to hire “coaches” rather than “cheerleaders” How and why he started a fund rather than individually syndicating deals And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne BiggerPockets Podcast 339: 60,000 Tenants?! How Frank Rolfe Built a Mobile Home Empire Mobile Home University BiggerPockets Podcast 262: $600,000 Per Month in Gross Rents from Mobile Home Parks with Jefferson Lilly Indeed.com BiggerPockets Podcast 361: Using $3,500 to Kickstart an “Unsexy” Investment Empire with Tristan Thomas Tim Ferriss Podcast The Dave Ramsey Show Quickbooks Check the full show notes here: http://biggerpockets.com/show369 Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s show: accelerated wealth-building through leverage and systems! Palak Shah walks us through how she built a $4M portfolio in just three years by "supercharging" the BRRRR strategy. Palak left a career in corporate America to focus full-time on real estate in the Philadelphia area, and she applied her training as an engineer to create airtight processes that help her business run without her. You’ll love hearing how she finds deals from wholesalers on Facebook, why she’s not afraid to sell off some of her BRRRR properties, and how she creates checklists to determine whether a deal fits her criteria. Also, we discuss how to beat “analysis paralysis” by remembering her acronym “A.B.L.E.” Palak is a relatable, inspiring investor who offers great tips for anyone hoping to transition away from a 9-to-5… so check out this episode today, and share it with a friend or family member! In This Episode We Cover: Leaving her corporate job to take more control over her time Why she’s OK paying capital gains tax rather than using 1031 exchanges Flexing your “risk-taking muscle” Using hard money for BRRRR projects Creating “templates” to make investing easier over time Criticisms of the BRRRR strategy Why she sells off some of her BRRRR properties Using local banks and credit unions Her mantra: “Fortune favors the finance-savvy” How her systems allowed her to buy 2 properties from India Her “A.B.L.E.” method to escape analysis paralysis How she bought 9 units for 40% off the list price How she used a home equity loan to borrow $160K And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Fear-Setting: The Most Valuable Exercise I Do Every Month How to Make $100,000/Year with Fixer-Upper Rentals (by Buying Only 2 Properties Annually) Microsoft Project Redfin Hustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene BiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan Check the full show notes here: http://biggerpockets.com/show368 Learn more about your ad choices. Visit megaphone.fm/adchoices

7X-ing her income by leaving a so-so job to flip houses! Today’s guest is Kara Beckmann, a rehabber and rental property investor who’s tearing it up in Scottsdale, Ariz., and on her Instagram page @beckmannhouse. You'll be inspired by Kara's journey from pastry chef to retail worker to full-time investor funding deals with private and hard money. Kara shares some great tips for networking with wholesalers and builders to snag deals (to date, she's spent $0 on marketing). You'll also learn how she maximizes profit by sticking to her rehab budgets, how she keeps contractors on deadline, and how she manages risk by outlining several different exit strategies. Kara's story will motivate you to apply your own "unique ability" to your real estate business and overcome the fear that might be stopping you from doing your first or next deal! Enjoy this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next one. In This Episode We Cover: How Kara learned saving habits at age 14 How she started thinking like an entrepreneur while working in retail How she was motivated by not getting a raise in 5 years Buying her first deal for $50K below asking price Reinvesting profits from her first flip Her apprenticeship with a general contractor How she develops a scope of work and deadline Why she doesn’t spend any money on marketing Her networking tips The challenges of investing without W-2 income How she prepares several exit strategies for each deal Where she gets inspiration for her designs How she sticks to her budgets (the “price per square foot” method) Incentivizing her contractors to complete work on time And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Money Podcast BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!) BiggerPockets Conference Zillow Realtor.com TikTok Email: podcast@biggerpockets.com Check the full show notes here: http://biggerpockets.com/show367 Learn more about your ad choices. Visit megaphone.fm/adchoices

From panicked newbie with just $1,000 saved to 40 rental units—in two years’ time! On today’s show, we sit down with Henry Washington, a buy and hold investor from Arkansas who’s built a sizable portfolio while working full-time. You’ll learn how Henry changed his mindset as he and his wife prepared to start a family and how he secured his first deal by doing something anyone can do—simply announcing to the world that he buys houses. You’ll also learn how Henry built a deal pipeline by looking in places other investors didn’t, how he asked more experienced investors for help when he didn’t know what to do next, and how he does business with local banks to expand his portfolio. Plus, Brandon and David dig into how to property screen tenants, how to decide when to flip or BRRRR vs. when to hold onto a rental, and how to use an online ad campaign to drive a steady supply of leads to your website. This episode lays out a blueprint for building massive wealth. Just adapt it to your market, and work the process. Don’t miss this one, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next! In This Episode We Cover: How “panic” drove Henry to start saving and investing How he started his investment career by simply “paying himself first” The list he used for his first (wildly successful) direct mail campaign The lessons he, Brandon, and David took away from Rich Dad Poor Dad Why he told people he bought properties (before he ever did!) Why writing down his fears helps him conquer them How he sought help from a more experienced investor on his first deal How he used a 401(k) loan to buy a cash-flowing property How he launched a Google Ads campaign to drive traffic to his website The power of small, local banks to fund deals Why he holds open houses rather than individual showings for tenants Why the best real estate investors buy “situations,” not houses And SO much more! Links from the Show BiggerPockets Forums biggerpockets.com/podcastsurvey BiggerPockets Business Podcast 30: How to Guarantee Profit From Day 1 with Mike Michalowicz Google Adwords LeadPropeller Cozy.co Trulia Realtor HotPads Zillow Craigslist BiggerPockets Bookstore BiggerPockets Business Check the full show notes here: http://biggerpockets.com/show366 Learn more about your ad choices. Visit megaphone.fm/adchoices

Decorated Navy SEAL commander. Author. Podcaster. And house hacker?! Yes, Jocko Willink invests in real estate and shares some great tips… but that's not the only reason he's on the show today. And it's not the only reason why he's sure to be one of our most popular guests to date. You see, Jocko looks at life's challenges differently. And after hearing his message, you might, too. Contractor rip you off? Good. Rental property flooded? Good. Spent a bunch of money and never found a deal? GOOD! Actually, great! Now you can learn something about yourself. You can get tougher. You can improve. That's the worldview Jocko outlines in his No. 1 New York Times bestseller Extreme Ownership: How U.S. Navy SEALs Lead and Win. Today, we dive deep into how to apply this mindset to your business. PLUS, we discuss Jocko's philosophy on leading teams, managing risk, harnessing your ego, and foregoing comfort in pursuit of long-term goals like financial freedom. You'll also love getting to know Jocko the real estate investor! From buying a hoarder house filled with chicken bones to dividing his kids' bedrooms into "prison cell"-sized sleeping quarters, Jocko discusses how some sacrifice goes a long way toward creating financial freedom—even on a modest military salary. Beware: by the end of this show, you might just be staring down your fears and greeting your biggest obstacles head-on with the word "good." In This Episode We Cover: What “extreme ownership” is and how it applies to real estate investing Fixing up creepy, run-down houses in Southern California in his 20s Why Jocko recommends house hacking for men and women in the military How joining the Navy gave him purpose His approach to Navy SEAL BUD/S training The lessons he learned from the Great Recession—even though it didn’t personally affect his finances Avoiding "lifestyle creep" Considering the worst case scenario before taking risks How to harness your ego for good What he says when people push back against the idea of extreme ownership Why he writes books for kids (and why some adults like those books best) And SO much more! Links from the Show BiggerPockets Forums Joe Rogan's Show Joe Rogan Experience #1391- Tulsi Gabbard & Jocko Willink Click here to check the full notes: http://biggerpockets.com/show365 Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever been interested in making money with short-term rentals but feel there’s just too much you don’t know? Welcome to the club! On today’s show, Brandon and David interview Avery Carl, a short-term rental (STR) investor who opens up the playbook and shows us what she’s doing and how she’s doing it! Avery shares the apps, software, and systems she uses to manage five STRs in under 30 minutes a week! You’ll love her thoughts on self-management versus using a professional company, avoiding negative online reviews, and properly marketing your properties to maximize revenue. She also discusses how she diversifies risk in her portfolio, why she buys properties for 10% down, and what expenses she accounts for when analyzing deals that come across her desk. Avery shares some fantastic insight into how to run a STR business with minimum time and intrusion, as well as some overall advice for knowing your market and minimizing your risk. Download this episode of the BiggerPockets Real Estate Podcast and see for yourself today! In This Episode We Cover: Where she’s currently buying How she balances running a real estate team with investing How she created systems to help manage her portfolio of vacation rental properties The difference between self-management and using a management company How she manages negative reviews online Her advice for marketing your STR The apps she uses to automate the STR business How she buys her STRs with 10% down What expenses she factors into her numbers for STRs How she protects her investments from a possible recession How she diversifies her risk between long-term and short-term rentals How she uses her first properties when buying additional properties And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Real Estate Podcast The Grey (movie) Airbnb iGMS Vacation Rental App BiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan Holiday BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone Email Us for Pro Deals: podcast@biggerpockets.com   Check the full show notes here: http://biggerpockets.com/show364 Learn more about your ad choices. Visit megaphone.fm/adchoices

Will 2020 be your best year ever? Today’s episode has all the ingredients to make the answer a big, resounding “Yes!” Bestselling author and productivity expert Michael Hyatt is here, and he guides us through how real estate investors should approach the year ahead. You’ll love hearing how Michael’s eliminated virtually everything except his three highest-leverage, revenue-generating activities; how to steer clear of what he calls “drudgery zone” work; and how to find someone who actually enjoys those tasks you can’t stand doing. And if you’re thinking, “Well, I’m not ready for that yet…” Michael has tips for how to get started by delegating just one task. Michael has written extensively about three topics that touch every real estate investor: productivity (Free to Focus), goal-setting (Your Best Year Ever), and delegation (Your World-Class Assistant). Today, we cover them all in-depth. So download this episode, make sure you’re subscribed to the BiggerPockets Real Estate Podcast, and start 2020 right! In This Episode We Cover: How Michael grew his company in a year while taking 162 days off per year How “vague aspirations” set you up for failure Why you’re 42% more likely to achieve your goals if you write them down Why you shouldn’t have more than 3 goals at once The keys to hiring a world-class executive assistant The importance of a detailed, well-thought-out job description The right way to document workflows How to focus on your “Desire Zone” How to offload tasks in the “Drudgery Zone” The difference between goals and projects Why he hired a world-class coach to teach him an obscure hobby And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast 230: Real Estate Investing as a Side Hustle with Grammy-Winning Producer Seth Mosley BiggerPockets Podcast 117: Maximizing Productivity to Get Things Done with David Allen BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene Tucker Max BiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan Holiday Evernote Loom BiggerPockets Pro BiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber Masterclass BiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport The Tim Ferriss Show How to Make 2020 Your Best Real Estate Year Ever Webinar Check the full show notes here: http://biggerpockets.com/show363 Learn more about your ad choices. Visit megaphone.fm/adchoices

Today’s show is centered around a big question we get ALL the time... “How do I get my spouse/partner on board with my real estate investing goals?” It’s the perfect time of year to think through exactly how to do that, and we have the perfect guests to offer some advice. Jay and Wendy Papasan run an annual couples’ goal-setting retreat in Austin, Texas. Today, they walk us through the exercises they use to help couples (and business partners) confront uncomfortable questions and get on the same page. Oh, and if you don’t know who Jay is, check out BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The ONE Thing with Jay Papasan and BiggerPockets Business Podcast 06: How to Manage Your Time Like a Millionaire with Jay Papasan. Jay's wife, Wendy, is a real estate broker who leads a high-performing team that’s expanded into four cities. In this episode, you’ll learn how to initiate a goal-setting conversation with your partner, what kinds of settings work best for this exercise, what questions to ask, and which timelines to use. Also, stick around through the end to hear Wendy’s tips on using leverage and a “not to-do list” to apply your time and energy more efficiently and be happier. This is a profound episode with two real estate rockstars. If you enjoy it, do us a favor and share it with YOUR spouse or partner… or pass it onto a couple who you think might benefit.  Download this one today, and make sure you’re subscribed to the show, so you won’t miss the next one! In This Episode We Cover: How Wendy and Jay started setting goals together 13 years ago Applying the idea of a “leadership retreat” to your family What settings work best for goal-setting with your spouse or partner Navigating a relationship where one partner is an entrepreneur Their answer to, “How do I get my spouse on board with real estate investing?” Why most failures of leadership are failures of courage (Keith Cunningham) How having tough conversations about goals can head off misunderstandings How Brandon’s navigated balancing business with family Why Gary Keller calls tough conversations “care-frontations” Which time horizons are most useful when setting goals Using the language of business in your marriage Putting your marriage first, even when you have kids Moving at the speed of communication Delegating draining tasks to help you keep more energy for yourself and your family And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Business Podcast 06: How to Manage Your Time Like a Millionaire With Jay Papasan BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan Gary Keller BiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” Murdock Paying Off Student Loan Debt with a Median Income and Two Kids in Northern California with Kyle Renke Check the full show notes here: http://biggerpockets.com/show362 Learn more about your ad choices. Visit megaphone.fm/adchoices

Traveling the world on mobile home cash flow at 26 years of age? Yes, it’s possible! On today’s show, Brandon and David interview Tristan Thomas, a mobile home park investor who parlayed a few thousand dollars into a life of financial freedom. Tristan shares some great info regarding how he chooses his markets to invest in, how he finds deals in those markets, and some of the key differences to holding title to mobile homes compared with traditional real estate. He also shares a fantastic perspective on how using “rent-to-own” financing can eliminate maintenance and repair costs, motivate your tenants to take better care of the property, and help you build wealth with very little of your own money. Tristan is a great example of how to find financial freedom at ANY age and shares exactly how he did it himself! Download this inspirational episode today, and subscribe to the podcast in your favorite app so you won't miss the next show. In This Episode We Cover: How Tristan got into mobile homes How he finds deals in today's market The key differences to holding title to mobile homes compared with traditional real estate How to use “rent-to-own” financing to eliminate maintenance and repairs costs How to motivate your tenants to take better care of the property How to build wealth with very little of your own money Making a 100% return on investment within 12 months His 5 biggest lead generators that are all free The criteria he looks for to find the best mobile home deals Getting into real estate investing for financial freedom And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Podcast Survey BiggerPockets Webinars Josh's Twitter Profile Podcast Survey Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! BiggerPockets Events and Meetups Mobile Home Park Investing Boot Camp BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene Check the full show notes here: http://biggerpockets.com/show361 Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever wanted to invest in real estate but aren’t ready for a full-time commitment? Today’s guest has figured out just how to do so, and she’s sharing it all with you! Stephanie Cabral is a lawyer, real estate agent, and investor out of Connecticut, who has figured out how to make money from residential real estate ownership while working two full-time jobs. On today’s show, Stephanie breaks down how she saved $100K on one deal, developed an automated direct mail system, and successfully used the often-confusing 203k loan program. You’ll love her advice on automation/delegation and investing in single family homes. Plus, she talks about what she looks for in her market, and shares her thoughts on the next big change in real estate in the near future. You’ll also find some great tips regarding managing properties yourself and hiring and using virtual assistants to save you time. Download this one today, and share it with a friend or family member who would benefit! In This Episode We Cover: How Stephanie defines “administrative stamina” How she took out a HELOC on her first property How she got a $100K discount on her first property Why she invests in single family homes How she uses VAs to handle the heavy lifting of her RE business Her theory on automation and delegation How she’s using RE to get out of her legal practice What she looks for in a good assistant What she’s looking for in out-of-state markets How she automated her direct mail system Her advice for managing properties yourself Her thoughts on the next big trend in RE investing over the coming 5-10 years And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Podcast Survey Upwork Podio StrugglingInvestor PayYourRent Cozy OnlineJobs.ph Adobe LinkedIn Brandon's Instagram David's Instagram   Check the full show notes at BiggerPockets: http://biggerpockets.com/show360 Learn more about your ad choices. Visit megaphone.fm/adchoices

You asked for it, and we answered! On today’s episode, Brandon and David interview three first-time home buyers, who all utilized the house hacking strategy in different ways! Our first guest shares how he bought in the most expensive market in the country and lives for FREE by using several techniques anyone can replicate (while taking advantage of a massive value-add opportunity). Our second guests share how they used house hacking to buy a BUSINESS that will generate over $20K in profit per month... while also eliminating the majority of their rehab costs and reducing risks and living expenses at the same time! And our third guest shares how he took advantage of California’s recent ADU law revision to buy a property that will eliminate his living expenses while making him massive cash flow at the same time. This episode covers FAQs—like how to use an agent to help you find a property, how to house hack in unique ways, and what to expect when buying your first property—and is guaranteed to get those wheels turning in your mind! Download this one, and share with a friend today! In This Episode We Cover: Ryan Meinzer How he found the property His unique angle on TIC (tenancy in common) What he intended to do reduce his living expenses How a sliding door turned out to be a blessing What the requirements are to convert a TIC Key lessons learned from this deal Hero and Stephanie Cruz The struggle of finding the right Realtor Finding a property that needs less rehab What is assisted living property How much they earn from each room Making more money to help more people Rob Kishi How Daivd and Rob were introduced during a meetup Why he fell in love with idea of house hacking What the property looks like Investing with Mom What ADU stands for And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Network - Find a Real Estate Agent BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! BiggerPockets Podcast 350: How to House Hack Your Way to Financial Freedom in 3 Years with Craig Curelop The Core 4 Members Vital to a Profitable Long-Distance Real Estate Investing Team (blog) BiggerPockets Premium Membership Check the full show notes here: http://biggerpockets.com/show359 Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you been looking for the right way to find deals in today’s tough market? Today’s show might be just what you’ve been looking for! Join us as Brandon and David sit down and bring out the gold nuggets on what’s working for successful real estate investors in today’s hot market. You’ll learn six strategies that will help you land deals and build wealth, as well as detailed insight into how to pull them off successfully. You’ll want to hear this advice about how to find deals, how to set up your business, and how to protect your capital that not everyone is talking about! For the second half of the show, Brandon and David share five “accelerants” that will help increase the level of your success once you’ve found the strategies that work for you. This show is the first of its kind, and we think you’re going to love it. You spoke, we heard, and this is the content the people want. Download and share this gem today! In This Episode We Cover: Strategy #1: BRRRR Strategy #2: House Hacking Strategy #3: House Flipping Strategy #4: Vacation Rentals Strategy #5: Wholesaling Strategy #6: Syndication Accelerants and how to pour fuel on the fire OPM (other people’s money) Value-add Forced equity Increased cash flow through additional units Leveraging others (core four) Finding deals from your sphere of influence Funnels Partnerships Personalities Skill sets Resources And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Podcast 302: Making $100k/Deal Using Other People’s Money, Time & Experience with Cory Nemoto KECO Capital KECO Capital’s Instagram BiggerPockets Hard Money Lenders BiggerPockets Webinars BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray BiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” Murdock Paying Off Student Loan Debt with a Median Income and Two Kids in Northern California with Kyle Renke Check the full show notes here: https://www.biggerpockets.com/show358 Learn more about your ad choices. Visit megaphone.fm/adchoices

YouTube sensation alert! On today’s show, Brandon and David sit down with real estate investor and agent Kevin Paffrath of “Meet Kevin” on YouTube. Kevin is young and doing great with real estate from several angles! He's built millions of dollars in wealth through single family properties in Southern California and shares some fantastic advice that will help you do the same. You will love his advice regarding what he looks for in rehabs, what he avoids, and how he LOVES finding properties with problems! He also discusses how he found a deal holding an open house, how he avoids paying taxes on his profits, and how he was able to buy a house with his girlfriend while working at Jamba Juice! This episode is high-energy, fun, and full of great practical advice for newbies and experienced investors alike. In This Episode We Cover: Buying his first property while working at Jamba Juice How he bought with PMI, then removed it later Why he invests as an agent Why he tracks his net worth Common problems that prevent investors from building wealth Buying the majority of his properties from the MLS How he talks to other agents to get deals sent to him Finding a deal while holding an open house Why buying SFR to build equity then exchanging into multifamily is a great strategy Avoiding paying taxes Looking where others aren’t for deals How he still buys homes that get multiple offers Why he DOESN'T want cash flow right now A walk through of his latest rental Attracting quality tenants The best kind of relationship with real estate agents The problems he avoids in rehabs And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Pro Email: podcast@biggerpockets.com David's Instagram Brandon's Instagram BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone BiggerPockets Youtube BiggerPockets Meetup BiggerPockets Webinar Replay Check the full show notes here: http://biggerpockets.com/show357 Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to build massive wealth in a top-end rental market that’s also really expensive—all while minimizing your risk? Don’t we all! Well, you’re in luck, because today’s guest has done just that—and in a surprisingly simple way that anyone can replicate. On today’s show, Brandon and David dig deep into the strategy used by Joe Asamoah, a Washington, D.C. investor, who owns more than 30 single family homes that are currently building him massive wealth! You will be absolutely fascinated as you hear how Joe uses HUD housing vouchers to generate big returns in high-end areas while also reducing his risk to survive tough markets. Joe also shares some amazing tips for how he keeps tenants for 15 years at a time, including how he creates a huge demand for his homes, which kinds of properties he targets, and how he gets deals brought to him before anyone else. Joe goes on to reveal some extremely effective tips regarding how to treat your tenants so well they never leave, how to convince lenders to work with you, and why he visits potential tenants in their current homes on short notice. This show is chock full of extremely practical advice anyone can follow, not to mention useful tips for high-level real estate investing. This is an episode you will listen to several times and walk away extremely inspired. In This Episode We Cover: Why he targets 5-bedroom houses Why the greatest HUD demand is for 4-, 5-, and 6-bedroom homes HUD requirements for what qualifies as a bedroom The advantages of investing in a capital city Why he rehabs his properties to HGTV-grade quality Why he visits potential tenants at their current homes Why he sends his tenants flowers on Mother’s Day and presents for Christmas Why he rewards his tenants' children for good grades and even offers vacations for tenants How his model is designed to be recession-proof Why he has a 20-page lease Why he focuses more on reducing expenses than he does on increasing rents Why he hired an assistant to manage his properties instead of using a traditional property manager And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Pro Email: podcast@biggerpockets.com David's Instagram Brandon's Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

From Bangor, Maine to Maui... by providing massive value! If you’re looking for a mentor, partner, or lender, this episode is for you. You’ll learn how Ryan Murdock went from small-time landlord/property manager to major player in Brandon’s growing mobile home park empire; how he’s the perfect complement to Brandon’s DISC profile; and how they find, underwrite, and finance multi-million dollar deals. Ryan is a modest, down-to-earth guy with a keen awareness of his own strengths and weaknesses, and this episode will show you how you can develop that quality to find the right partner and level up your business (and life!). Don’t miss this one, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss out next week! In This Episode We Cover: How Brandon and Ryan met What Ryan did that caused Brandon to pump his brakes and start paying attention How they slowly formed what became one of the most dynamic duos in real estate The attitude Ryan embraces that makes him so valuable How he earned an equity stake in a huge company How they’ve hired additional members to help grow the business Learn how to create the “vivid vision” Brandon came up with How they joined forces to create “rocket fuel” and scale their syndication model And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Events BiggerPockets Bookstore BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock Dave Van Horn – MidWest Real Estate Networking Summit Darren Sager's BiggerPockets Profile BiggerPockets Money Mindy Jensen's BiggerPockets Profile BiggerPockets Business Podcast 16: Mastering Cash Flow and Finding Riches in “Headache” Jobs with 3Point Cleaning CEO Jesse McCue Meet Property Management Extraordinaire, RE Investor & Hotel Owner Jesse McCue BiggerPockets Business Podcast 18: How to “Have It All” by Living with Intention with Brandon Turner BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray Brandon's Instagram David's Instagram Listen on BiggerPockets: https://www.biggerpockets.com/show355 Learn more about your ad choices. Visit megaphone.fm/adchoices

From single family to multifamily to hotels! On today’s show, Nichole Stohler sits down with Brandon and David and discusses her journey from purchasing a single family home to syndicating hotels! Nichole has a fascinating story that started with losing the first house she bought, grew into recommitting herself to learning the asset class of real estate, and ended with massive success through big deal syndications. You’ll love the advice she shares about managing managers, scaling the right way, and dealing with tenants according to three irrefutable laws. She goes on to discuss keeping properties clean, choosing the right partners, and analyzing economic factors when choosing a hotel or apartment complex. Nichole reveals tons of great tips when it comes to building wealth through various asset classes of real estate. This show has something for everyone! In This Episode We Cover: Her 3 irrefutable rules for dealing with tenants How she scaled from SFH to multifamily and hotels How she manages her managers What she learned from her first deal that lost her money Why she committed to really learning the asset class of real estate Why having clean apartments is so important to tenant relations Why so many investors make the mistake of not focusing on asset management Why she turned to hotels when she couldn’t find anything in the multifamily space How the 1031 exchange impacted her capital gains and depreciation recapture Which economic drivers she looks for when choosing a property to buy What she’s learned about operating syndications in the hotel space And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Pro Email Us: podcast@biggerpockets.com BiggerPockets Podcast 345: “Vivid Visions” and 90-Day Sprints—Brandon’s Approach to Mobile Home Park Investing (and Life!) BiggerPockets Events GoodReads Jo Nesbo Camilla Läckberg BiggerPockets Bookstore Check the full show notes on BiggerPockets: http://biggerpockets.com/show354 Learn more about your ad choices. Visit megaphone.fm/adchoices

“Trading up” to successfully retire financially free at 40! On today’s show, Brandon and David interview retired real estate broker Tim Rhode, who explains how he was able to buy great deals and 1031 exchange them into financial freedom! Tim shares some fantastic advice on playing great financial defense to achieve an early retirement, crushing it in real estate sales, and locking up deals during his first conversation with sellers. Tim also shares how knowing his market led to him making hundreds of thousands buying land in the path of progress, how to build a “fulfillment triangle," and how he recognized the market turning in 2006 and cashed out before losing money. Tim has a huge heart, is committed to helping others get out of the rat race, and shares some incredible advice on how to do so. Make sure you listen for his description of the several levels of financial freedom and his belief that those who make it to the top of the mountain should throw down the rope for the rest still climbing. Download this one today! In This Episode We Cover: Levels of risk tolerance Delegating things you're not good at How he got into real estate sales Playing great "defense" Not caring about what others think How he invested everything left over that he didn’t spend How he bought his first property—a triple wide mobile home—for 50 cents on the dollar Using his influence as a broker to get great deals before they hit the market How he bought land in the path of progress How he exchanged several good deals by “trading up” into a triple net lease commercial property out of state His philosophy on timing markets His “fulfillment triangle” The power of the 1031 exchange Which houses he flipped and which he kept How he retired at 40 years old The multiple levels of financial freedom The financial freedom principles he teaches in his non-profit Where he believes we are in the current market cycle And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast 326: Health, (Big) Wealth, and Total Accountability With David Osborn, Pat Hiban, Tim Rhode (and Josh!) Firestarter BiggerPockets Wayne Dyer Tom Hopkins Zig Ziglar BiggerPockets Bookstore GoBundance BiggerPockets Pro Email Us: podcast@biggerpockets.com Check the full show notes on BiggerPockets: http://biggerpockets.com/show353 Learn more about your ad choices. Visit megaphone.fm/adchoices

Prefer to listen, rather than read? Here's a sample of the audio format of "The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom," by BiggerPockets' own Craig Curelop. In it, you'll hear: An overview of the "unfair advantages" house hacking offers A breakdown of varying house hacking techniques A real-life case study illustrating the above You can find the full audiobook here bit.ly/househackaudible. And don't forget, Audible is running a special deal for BiggerPockets Real Estate Podcast listeners! If you're not yet a member, go to http://www.audibletrial.com/biggerpockets to get a free Audible book and a free 1-month subscription. Learn more about your ad choices. Visit megaphone.fm/adchoices

Eighteen doors by 29 years old by never taking no for an answer! We realize there are a lot of inspirational investors out there, but on today’s show, you’re going to be blown away by one of the best. Brandon and David sit down with Diego Corzo, a “DREAMer” who moved to the United States with his family at a young age. Fast forward a few years, and Diego jumped headfirst into real estate investing, using house hacking strategies that will work for anyone. You will be blown away by Diego’s story of how he rode a bike (with his suit in a backpack to avoid getting it sweaty) when he couldn’t get a driver’s license, how he got on the fast track to becoming a millionaire, and how he overcame a speech impediment, going on to give a TED talk! You will love his fantastic advice on what to look for in a house hack property, which areas to look when investing, and how to target the perfect tenant market. You’ll also appreciate his thoughts on avoiding drama between roommates, vetting turnkey companies, and structuring partnerships. Diego goes on to share some solid info about why he prefers “B” neighborhoods over “C” and why doing your own math is so important when analyzing deals. This guest is truly an incredible person with an incredible story—not to mention some pretty fantastic investing advice. Don’t miss out! Download this episode today, and make sure you're subscribed to the BiggerPockets Real Estate Podcast so you won't miss the next one! In This Episode We Cover: How Diego owned 18 doors by 29 How he overcame not having a driver's license What adversity can teach you How he got on the fast track to becoming a millionaire How he overcame his stutter to go on to do a TED talk How he invests out of state What he looks for in a home to house hack How he bought his first property How he bought a property with his father Why he prefers “B”-class properties over “C”-class properties How he vets turnkey companies Why doing your own math is so important What he looks for in someone he can trust What he recommends in terms of choosing an area His advice for structuring partnerships How he recommends avoiding drama with roommates in a home And SO much more! Links from the Show BiggerPockets Forums Brandon's Instagram David's Instagram DACA BiggerPockets Youtube Channel GoBundance BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn BiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban BiggerPockets Podcast 318: 100 Units in the First 2 Years (Using Bank Financing!) with Collin Schwartz BiggerPockets Business Podcast Loom BiggerPockets Conference Check the full show notes here: http://biggerpockets.com/show352 Learn more about your ad choices. Visit megaphone.fm/adchoices

All the BiggerPockets podcast hosts on stage in one place!  This bonus episode was recorded at the BiggerPockets Conference 2019 on October 7th in front of a live audience of more than 1,000 people at the Gaylord Opryland Resort in Nashville, Tenn. We turned the mics over to our members, who fired a bunch of great questions at Scott Trench and Mindy Jensen, Brandon Turner and David Greene, Joshua Dorkin, and J and Carol Scott. Our panelists covered some nitty gritty real estate topics, like tackling vacancy and how to invest IRA funds, as well as big-picture concepts like motivation, marketing, and teaching family members the importance of investing at an early age. Also, everyone reveals which animal they would be if they had to choose, and a member of the audience challenges David Greene to produce an analogy on the spot. Listen to find out whether he performed under pressure!  Our first conference in seven years was a big success, and we’re so thankful to everyone who came out to learn, network, and have a great time. Download this bonus episode, and be sure to subscribe to all three shows BiggerPockets Real Estate Podcast, BiggerPockets Money Podcast, and BiggerPockets Business Podcast so you won't miss an episode. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stop whatever you are doing and download this episode right now! Today’s show is highly likely to change your life in ways you may not have even realized it needed changing! Brandon and David sit down for an amazing interview with Ryan Holiday, keynote speaker and bestselling author of Ego Is the Enemy, The Obstacle Is the Way, and Stillness Is the Key. And Ryan does not disappoint! You will be blown away with his advice regarding how we talk ourselves into buying deals we know we shouldn’t, how he conducts cost/benefit analysis on different opportunities that come his way, and how he’s learned to avoid “success” when it will cost him more than it’s worth. Ryan also shares some mind-blowing knowledge about why we make bad decisions; why working harder isn’t always better; and how to identify virtues or skills you are lacking in a given situation, so you can figure out the path to the result you want. In addition, he shares how he models himself after the best and brightest minds he knows, how he believes in the power of journaling, and how important it is to put your strongest energy into the pursuits that will yield the highest ROI. This show is simply an incredible breakdown on human performance, goal setting/reaching, and using real estate to accomplish what really matters in life. Download this one today and buckle your seat belt! In This Episode We Cover: How to let your individual trials help you grow by how you respond How to recognize why you made bad decisions How to avoid worse decisions Why he invests in short-term rentals What he means by “stillness is the key” How to become something better Why “working harder” isn’t always the best answer How success can actually become a trap for us How our best ideas can come from time away to think How to model ourselves after the best, brightest, and most successful minds Why he believes so much about the power of journaling How to create routines that free your mind to reach new heights How to put your energy into efforts that lead to a better ROI on your time And SO much more! Links from the Show BiggerPockets Forums Audible Trial BiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport American Apparel BiggerPockets Youtube Channel BiggerPockets Instagram Brandon's Instagram David's Instagram Listen on BiggerPockets: http://biggerpockets.com/show351 Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever wanted to break into real estate but just weren’t sure how to take that first step? You're not alone! Almost all investors struggled with their first deal. But today’s guest may be just what you needed to get your foot in the door! On today’s show, Brandon and David dive deep into the mind of Craig Curelop, the author of BiggerPockets Publishing's new book The House Hacking Strategy. Craig shares some incredible advice on how he eliminated his living expenses and earned as much as one could from a full-time job through house hacking—all by age 26! Craig breaks down just how simply you can get your first property with less than 5 percent down and turn it into a wealth-building machine that will help you achieve a “return on your potential” you may not have realized you’re currently lacking. You’ll learn what to look for in a house hack, how to find the “path of progress” to start your search, and which straightforward criteria we can all use when searching for deals. You’ll also hear how to make “hedonic adaptation” work for you, how to exchange comfortability for profitability, and how to decide which property would work best for your specific situation. We ALL want to own more real estate, and we all need somewhere to live. On today’s show, you’ll learn how to combine those two needs to build wealth and save money at the same time. Download this one today! In This Episode We Cover: Why he left Silicon Valley to build wealth through real estate How he bought his first house hack  Why house hacking is so effective for establishing financial freedom His scale of comfortability vs. profitability Who should house hack Why expensive markets are the best places to build wealth through real estate The importance of solid metrics in a potential house hack How he gets in front of the “path of progress” to maximize returns How to take advantage of low down payment options to snag properties that earn income How house hacking allows you to find the “return on your potential” How to make “hedonic adaptation” work for you, not against you And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast 252: House Hacking (Your First Deal) & Life Hacking with Craig Curelop BiggerPockets Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich Zillow Xero Accounting Software You can listen on BiggerPockets here: http://biggerpockets.com/show350 Learn more about your ad choices. Visit megaphone.fm/adchoices

Apartment flipping from one of the best in the biz! On today’s show, Brandon and David sit down with Nathan Tabor, a well-known multifamily investor who has done 26 multifamily flips in less than 10 years! You will love this informational and oftentimes hilarious episode, where Nathan shares some fantastic advice on how to flip apartments for big returns, what to look for in a deal, and which five incredible pieces of due diligence every investor needs to know. You’ll also love his straightforward direction regarding questions to ask the county zoning department, great advice for raising money, and some mind-blowing insight into who actually owns fire hydrants! This show is a very fun listen with tons of talk about dealing with rejection, finding the niche that’s perfect for you, and applying information you already know. Nathan's story is sure to change your mindset and confidence when it comes to taking action in your life. Make sure you listen today! In This Episode We Cover: How title insurance works How to check with the zoning department to make sure you don’t get burned How to file a claim for title insurance His fantastic advice for due diligence checklists His advice for finding your niche The benefits of niching down How to find your passion and inner focus How to handle the fear of rejection The key to applying information you have in your life already How to flip an apartment or apartment complex Advice for raising money How to understand what a cap rate is Why multifamily may be less risky than single family And SO much more! Links from the Show BiggerPockets Forums Brandon's Instagram David's Instagram BiggerPockets Signup Joe Fairless Denver Conference Loopnet BiggerPockets Podcast 345: “Vivid Visions” and 90-Day Sprints—Brandon’s Approach to Mobile Home Park Investing (and Life!) Up Movie Google Business Template Apartments.com Forrent.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Today’s guest is proof rental property investing can be fun, rewarding, and—with the right systems in place—totally doable… even with a job and a family. Ashley Kehr sits down with Brandon and David and shares some great advice for building a rental property portfolio without much hassle or headache! Ashley manages all her own rentals and discusses the top three apps she uses to do it with ease. She also shares how she structures her partnerships, how she pitches her deals, and how she’s finding deals in today’s hot market. Ashley gives great advice for what most newbies get wrong about investing, which apps she uses to find off-market property owner info, and how she uses her children to help her find potential deals! Plus, you won’t want to miss how Ashley helped her sister buy a duplex (and spend just $45 a month to live there), as well as how she bought a property no one else wanted, pulled $6,000 more out of it than she put in, and created a cash flow of almost $1,000 a month! Today’s show is fun, entertaining, and full of great advice for investors of all levels. Download this one today! In This Episode We Cover: 3 apps Ashley uses to remove herself from the business How she uses technology to systemize her rural business How she structured her first partnerships (with ease!) Where she's finding deals How she used her current job and boss to get into investing What newbies get wrong about the reality of investing How she uses apps to find off-market deals Using her children to find deals while driving in the car (a fun family game!) How she helped her sister buy a duplex at 20 years old How she bought a property for each of her kids How she set it up to be paid off and refi-ed by college How she uses a commercial line of credit to borrow money to buy new properties How she finds properties on the MLS Why she always tells everyone she buys rental properties What her favorite parts of the business are How she bought a property no one else wanted for $35K, pulled out $6K more than she put in, and cash flows almost $1K/month And SO much more! Links from the Show BiggerPockets Conference (Last Chance!) BiggerPockets Forums BiggerPockets Webinar BiggerPockets Instagram BiggerPockets Twitter Profile BiggerPockets Pro Buildium AppFolio One Drive Google Drive Google Voice Everlance Landglide OnX Maps Zillow BiggerPockets Podcast 346: 34 Units & 6-Figure Wholesale Fees (at 20 Years Old!) with Josiah Pott BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock Brandon's Instagram David's Instagram Check the full show notes here: http://biggerpockets.com/show348 Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s show, a married couple who scaled to 5,000 units together! Brandon and David interview Mark and Tamiel Kenney, a husband and wife team who buy large apartment complexes through the power of syndication. This mighty couple shares some great insight into how to find the right partner, how to set expectations with your agent (or team member) in the beginning, and how coming up with strict criteria helped them overcome their fear of getting started. You’ll love their advice on what they learned in the first 12 months to help them land their first deal, how they split profits with investors, and which are the most important fundamentals for any multifamily investor to learn. You DO NOT want to miss their advice on following up after meeting with brokers or investors. Plus, they reveal the most common trait successful syndicators share. Mark and Tamiel go on to share how they’ve struggled with—and overcome—the difficulties of balancing a demanding business while still carving out valuable family time. Don’t miss this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next! In This Episode We Cover: - What to look for in partners - How to have conversations with brokers and managers to set expectations - What they learned in their first year that allowed them to land their first big deal - The importance of strict criteria - Mistakes they made that prevented them from being successful - How they find deals their investors will want to invest in - How to provide clarity to help investors feel comfortable moving forward - How to use social media to build your database of partners, investors, and brokers - Advice for standing out from other buyers when interacting with brokers - How they split up the various tasks of their business - How a typical syndication split looks in their deals - What success looks like in their family and business - Why learning the fundamentals is more important than complicating your business - And SO much more! Links from the Show: BiggerPockets Forums BiggerPockets Webinar Monkeypod Kitchen Pacific North West Real Estate Wealth Expo BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber Zillow Linkedin Brandon's Instagram Josh's Instagram Click here to listen on Biggerpockets: https://www.biggerpockets.com/show347 Learn more about your ad choices. Visit megaphone.fm/adchoices

Attention: this is a must-listen show! Whatever you’re doing, stop and download today’s episode! Brandon and David sit down with Josiah Pott, a real estate investor/wholesaler who is doing six-figure deals at 20 years old, using nothing but old fashioned cold calling. Josiah shares just how he puts houses under contract and wholesales them for big profits—then converts that money into cash-flowing rental property. You will love hearing how he found his first mentor (and got paid $20K to do so), why he dropped out of college to invest in real estate, and what his five tools are for finding off-market property owner info. You’ll also love hearing how the power of compound interest changed his life, how he uses a calendar to manage his lead follow-up, and how he handles questions regarding his young age. Josiah has done several deals where he’s made well over six figures and will tell you exactly how he did so. Don’t miss out on this game-changing info. Download this show today! In This Episode We Cover: His five tools for finding off-market property owner info How he wholesales and turns that into rentals Why he won’t miss out on seller financing in the future Why he wants things to be “hard” How he found a mentor (and got paid $20K by them) Why he dropped out of college to invest in real estate How the power of compound interest changed his life, mindset, and approach to building wealth How he’s accumulated a very impressive portfolio at 20 years old Why he uses cold calling to build wealth How he made $127K on one deal How he made $355K on a deal with his partner How he organizes his business so he doesn’t lose deals Why he keeps a personal touch in his business How he handles questions about his young age How he and his wife work together on their business And SO much more! Links from the Show BiggerPockets Forums Brandon's Instagram David's Instagram Podio PipeDrive Trello Check the full show notes here: http://biggerpockets.com/show346 Learn more about your ad choices. Visit megaphone.fm/adchoices

Today, Brandon Turner’s on the other side of the microphone. J and Carol Scott, co-hosts of the BiggerPockets Business Podcast, recently interviewed him… and the result was so epic we wanted to share it here, too! In this episode, Brandon reveals why he chose mobile home park investing (hint: NOT necessarily because it’s the “best” investment) and describes the method his team used to get hundreds of pads under contract in just a few months. (It's an approach YOU can apply using the new BiggerPockets Intention Journal.) But this show is about much more than real estate. It’s about avoiding that all-too-common pitfall where you set an ambitious goal only to see it buried under an avalanche of more urgent (but less important) responsibilities. Brandon shares the tools he’s used to break that cycle and how he’s applied them to other challenges—like moving to Hawaii, improving his personal health, and spending more meaningful time with his family. You’ll hear how Brandon’s first business venture failed, how he got into real estate investing for cash flow, and how he discovered a way to bring BIG value to BiggerPockets as Employee #2, despite not owning a computer the year before! Oh, and you’ll learn the meaning of “M.I.N.S.” and the role they play in moving your business forward (ESPECIALLY when the going gets tough).  Brandon also shares why writing out a “vivid vision” of your future might be the best thing you can do to move yourself closer to your ideal life; why he asks, “What would be awesome?” and then works backwards; and why he and his wife organize a goal-setting retreat together on the same day every year. This is an amazing episode that lays out a battle plan for getting WAY more done while setting aside quality time for friends, family, and fun.  Download this one, and subscribe using your favorite podcast app so you won’t miss any future shows! In This Episode We Cover: Brandon's mobile oil change business plan (that he didn't execute on) How he flipped a house and spent all the money Brandon's very first house hack How he “got into the business of collecting units” and quit his job How a cold email led to him working for BiggerPockets The strategy he used to write 50 blog posts in a year for BiggerPockets Brandon's thoughts on the path to 100 units  Why you should ask yourself, “What would be awesome?” How to ask, “What if it was easy?” and work backwards toward your goal How to balance family life and health with business  Why he chose mobile home park investing (hint: not because it’s the “best” asset) How to "have it all" (as long as you’re focused and tracking everything) Tips for setting goals as a couple How to identify the “Most Important Next Step” (M.I.N.S.) and then time block it  The 90 Days of Intention Journal The importance of writing down goals every day And SO much more! Links from the Show BiggerPockets Forums Brandon's Instagram David's Instagram BiggerPockets Business Podcast Smart Passive Income Blog Viper Chill Neil Patel GraphicRiver.net BiggerPockets Podcast 230: Real Estate Investing as a Side Hustle with Grammy-Winning Producer Seth Mosley Music and Money Investor Group "Heartbeat" Music Video Brandon's Vivid Vision (photo) Tim Ferriss Show Full Circle Music BiggerPockets Podcast Josh Dorkin J Scott's Blog BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock BiggerPockets Money Podcast Mindy Jensen Scott Trench David Greene Real Estate In Your Twenties BiggerPockets Bookstore Learn more about your ad choices. Visit megaphone.fm/adchoices

Over 25 seller financed deals in a few short years! Today’s guest, former service member (and diamond pushup world record holder) Gabriel Hamel, sits down with Brandon and David to share how he built a portfolio of over 140 units (in an expensive market) using creative methods and seller financing to make deals where other investors miss them! Gabriel shares how he started investing in a tough market and used sub-prime lending (successfully) to house hack his first few properties. He gives some awesome advice on approaching sellers with seller financing proposals, structuring the offers, and showing them how it’s a win-win. He also gives great advice on finding gentrifying markets, walking away from closings with money in his pocket, and applying a mindset to real estate investing that helps him succeed in all aspects of life! Gabriel has very practical, down-to-earth, useful advice and shares it willingly. This is an episode for both newbies and experienced investors to download today! Listen to the full episode here: http://biggerpockets.com/show344 In This Episode We Cover: Started with sub-prime lending and it worked out House hacked his first and second home Owns 140 units now How he got started buying properties in a scary market from 2009-2012 Why he began with seller financing How he found his first off-market deals Seller financing wizardry What he looks for in improving neighborhoods How he’s been able to walk away with cash at closing—better than no money Why he focuses more on terms than just price His advice for having a success mindset in ALL areas of life What he looks for in a deal How he scaled to over 100 units And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel Brandon's Instagram David's Instagram Want to host your own BiggerPockets podcast? Pitch us! GoBundance Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to build a cash flowing portfolio while working a full time job? Today’s guest did just that! Steve Rosenberg shares his incredible story of how he built a huge property management company (along with several cash flowing rental properties) while working as an airline pilot and travelling the country! Steve has a genuine, straight forward style and shares what he did wrong buying real estate, where he learned what his strengths are, and how he and his partner resurrected a dying business. Steve also shares how he learned why systems are so important, how he learned to build them, and which systems he uses in his own business to save time, make money, and scale! Steve shares some of the most painful lessons he learned through failure so you don’t have to learn them yourself. This is an episode you definitely want to download today! Learn more about your ad choices. Visit megaphone.fm/adchoices

From buying duplexes to a self-storage empire! Today’s guest Kris Benson sits down with Brandon and David to talk about his remarkable journey across all kinds of different real estate asset classes. Kris began with a successful sales career and explains why he transitioned into owning real estate instead. You’ll love Kris’s story about how he built a 64-unit apartment complex (in a cornfield), how he found partners to bring the project to life, and how it all started with one phone call! He also shares why he now invests in self-storage, how he evaluates properties, and why he believes this asset is recession-proof! Kris provides great advice for raising money and finding your niche, and explains his theory that “deals create deals” as he walks through his journey. This is a fantastic show full of great content. Download today! In This Episode We Cover: Why he transitioned out of a successful sales career How he got started with a duplex and built up to a large commercial real estate portfolio How he acquired 20 small multifamily units—and hated it How he built a 64-unit apartment complex from the ground up How he got involved in a condo syndication project How he began finding the right partners to build multifamily projects with His theory on “deals create deals” Why he now invests in self-storage Where to find data on self-storage and REIT’s Why he believes self-storage is recession-proof How the best opportunities in his life have come from cold calls to property owners or friends How he learned his skillset and why he sticks to it His advice for raising money from others And SO much more! Links from the Show: BiggerPockets Forums Kris's first BiggerPockets Forums Post BiggerPockets Store BiggerPockets Shirts Mindy's BiggerPockets Profile BiggerPockets Money Podcast Buck Construction Apartments.com City Point Capital BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless UpWork Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate flipper, broker, contractor, and more! Today’s guest, Jared Holland, is doing 30 deals a year and profiting from all different phases of a flip-and he shares exactly how he does it! Today’s show gets into the nitty gritty of Jared’s business and how he grow from one wholesale deal to running an entire business in a short period of time. You’ll love Jared’s advise on using a multitude of methods to find deals, how he handled the transition of going from employee in his business to manager of his business, and how he got his first deal from a hedge fund! You’ll also find some fantastic advice about finding the right mindset in an employee/partner, how to find deals if you have no money, and why you should NEVER assume the person you’re talking to doesn’t want to work with you. Jared gives some great advice on why taking big action matters, as well as how to decide which actions you should start with. If you’re looking to level up your investing, or take your business from successful to great, download this one today! Learn more about your ad choices. Visit megaphone.fm/adchoices

Would you be interested in taking your retirement account and turning it into 22 cash flowing rental properties? What about doing it with someone else’s capital? Today’s guest did just that! Whitney Hutten shares her incredible story of how she built a rental property empire off of a 401k account by leveraging the power of a team! You’ll love how she made 50k on one of her first deals (without paying a dime of the mortgage herself) and how she used Brandon Turners method known as “the stack” to keep building! She also shares how she got her start in turnkey houses and moved along a spectrum to get to fixer-upper BRRRR’s, how she bought 10 houses her first year, and why she invests out of state. Whitney goes DEEP sharing which parts of town she invests in, why she invests near hospitals, and how she netted a 30% ROI on a BRRRR gone wrong! You do not want to miss this inspirational story of how an “average Jane” accomplished extraordinary results through real estate-including how she fixed a bus falling on one of her houses and survived a racoon infestation on another! This show is hilarious, insightful, and content packed. Download today! Learn more about your ad choices. Visit megaphone.fm/adchoices

Over 20 years' experience in mobile home park mastery! On today’s show, Brandon and David interview Frank Rolfe, an experienced mobile home park investor with TONS of great advice to share—and share he does! You won’t want to miss Frank’s incredible tips for using seller financing to buy parks, staying low risk while scaling, and the beauty of owning “small cities”! He also gives fantastic advice for making “stakeholders” out of tenants, describes what the perfect mobile home park setup looks like, and discusses how to find pocket listings no one else is seeing. Frank goes on to share the incredible story of how he bought a mobile home park with a wrestling ring in the back and how he sold it for a $1 million profit seven years later! In addition, he talks about his strategy for finding the perfect resident manager and insuring yourself against embezzlement from your management team. This is one of the most information-packed shows we’ve ever done in the MHP space, and you’ll be blown away by the amount of content here. Download it today! In This Episode We Cover: How Frank uses seller financing to buy deals he never could with a bank How he stays low risk while scaling How he got started with a billboard business How he owns “small cities” The key to doing seller financing correctly How he rents to “stakeholders” not just tenants What the perfect mobile home park setup looks like Why he loves mobile homes (aka "the gem" of real estate) Why mom and pop-type owners love mobile home parks How the average park can be bought and rents doubled year one The win-win opportunity mobile home parks provide for tenants and owners The mistakes he made on his first deal and how he learned to avoid it The No. 1 thing to look for when buying a park His strategy for finding pocket listings from brokers The 5 ways he finds parks to buy And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Business Podcast BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock 21st Mortgage Learn more about your ad choices. Visit megaphone.fm/adchoices

From waiting tables to scaling up to 250 units! Today’s show is going to blow your mind. Brandon and David sit down with James Dainard, a real estate investor in the Seattle area, who is using his broad knowledge of real estate investing to do some big things! James shares how he got started door-knocking for someone else’s company to learn the business—and things took off from there! He also shares how he’s finding 60 percent of his deals from the MLS, how he uses local zoning knowledge to find opportunities others are missing, and how he made over a million dollars off an MLS flip! James has some GREAT strategies he uses, including combining flipping, wholesaling, and BRRRRing; improving the return on his equity; and “inventing returns." You’ll also be blown away at how he created a 60-room rental (!!!) property that earns over $9K a month and how he saves money on maintenance and property management by running it all in-house. James is a smart, humble, and experienced investor doing some very impressive stuff. Download this one today! In This Episode We Cover: How he got started door-knocking for someone else’s company Story behind his first deal How he bought a 60-room house How he got to over 200 units all single-family Combining wholesaling, flipping, and BRRRR What he looks for in an area and using zoning knowledge to find opportunity Profiting $1 million on a flip he found on the MLS About his apartment complex that was on the market for 200+ days How he uses flips to fund his rentals Getting 60% of his deals off the MLS How he calculates the return on his equity Why he hires people in-house to manage properties and do maintenance How he BRRRRed a deal with no money left in that cash flowed $2K a month His unique method for “inventing” returns And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Premium Forum Thread about BiggerPockets Premium BiggerPockets Youtube Page BiggerPockets Podcast 302: Making $100k/Deal Using Other People’s Money, Time & Experience with Cory Nemoto Brandon's Instagram David's Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to learn from two guys who have weathered several real estate market cycles and come out on top? You’re in the right place! In this episode, Brandon and David sit down with Russell Gray and Robert Helms, longtime hosts of the Real Estate Radio Guys program. In this wide-ranging discussion, Russell and Robert cover a TON of subjects, from house hacking to investing in overseas resorts. The guys share the lessons they learned from the 2008 crash (hint: don’t rely too heavily on credit) and explain how they’re preparing for the next one. They break down how multifamily investing is just like running a business, and why hiring an assistant is the most important first step when scaling up. Russell and Robert also tell us why having an A-student mentality can hinder new investors (and make them a target for gurus), and why you don’t need to know every step in order to just get started. You’ll learn why Robert is about to make his 137th trip to Belize, why he and Russell stopped investing in Mexico and Australia, and why you should design your own personal investment philosophy, too.  If you’re a big-picture thinker interested in using the tax code to your advantage and staying on top of market cycles, this show will blow your mind. Listen here or on your favorite podcast app, rate and review us, and subscribe so you won’t miss the next one! In This Episode We Cover: How these guys inspired Brandon What an entrepreneur does How gurus take advantage of hungry new investors How they are preparing for the next real estate downturn Their strategy for building big wealth in other countries How they learned the lesson about needing sufficient reserves the hard way What to do when available credit goes away Why they invest in resorts Where we are in the market cycle Why they are locking in long-term debt right now What they learned from the 2008 crash How to prepare and win for the next downturn What an opportunity zone is and how to use them Why they study global economics And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Real Estate Podcast Robert Kiyosaki BiggerPockets Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy Peak Prosperity Brandon's Instagram David's Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

Location, location, location! On today’s show, Brandon and David sit down with Robert Jones, a real estate agent and investor in Colorado, who has built a cash-flowing portfolio with millions of dollars in equity in an expensive market. Robert will blow you away with his knowledge on making deals work (even through the MLS) and choosing what to buy. You won’t want to miss his advice on buying properties with super low down payments, targeting ideal locations that attract ideal talents, and using agents to do the work of finding deals. You’ll also love his tips for creating systems so he can travel while making money and identifying the qualities of a good agent. Robert is extremely humble for having such massive success, and he shares his whole playbook for how he built a portfolio of 26 units worth millions before the age of 35. DO NOT miss this one. Download today! In This Episode We Cover: Turning primary residences into rental properties What are capital gains Should you rent or sell your house? Moving to a new house every year Taking 3 months off while having a real estate business Real estate to fund your life Being an agent or not How "The Stack" works And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar GoBundance Audible Federal Housing Finance Agency BiggerPockets Podcast 280: The Key to Making Great Deals (Hint: Overlooked Properties!) with Mark Hentemann (Writer for TV’s Family Guy!) Learn more about your ad choices. Visit megaphone.fm/adchoices

A whopping 73 units a year without negotiating your own deals! Today’s guest Ryan Dossey breaks down his business and shares how he built a deal-finding pipeline he runs without doing the work! Ryan gives great insight into how he finds deals directly from sellers, has team members meet with and close deals, then decides if he wants to keep them or wholesale them. If you’ve ever been interested in how to build systems to get your time back, this is a show for you. You won’t want to miss how Ryan used BiggerPockets to start and grow his business, how he began wholesaling, and how he uses NONE of his own money. You’ll also love hearing how Ryan made $10K in four hours on his first deal and how he built a conveyor belt to close deals while he’s out of the country. Plus, he gives investors AMAZING advice on approaching a mentor the right way! Ryan is a great example of how to use BiggerPockets to grow your wealth and portfolio, and he shares some powerful tips about how you can do the same. Download this one today! In This Episode We Cover: How Ryan got into real estate in spite of never graduating high school How he learned to see the world from a different perspective than everyone else Why he markets directly to sellers How he used BiggerPockets to build several different businesses How he got his first wholesale deal (and made $10K in four hours doing so) Why he went full time into RE and how he knew it was the right time to do it How he chooses his markets What no one tells you about the RIGHT way to approach a potential mentor How he built a conveyor belt to close deals while he’s out of the country Why he invests in multifamily The No. 1 thing a newbie needs to know to get started wholesaling Why focusing on one task is key to being successful faster And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar GoBundance BiggerPockets Airbnb Calculator BiggerPockets Podcast 068: Being a Superhero House Flipper, Investor, and Team Leader with Mark Ferguson InvestFourMore Podio Deal Machine (App) CallPorter  Learn more about your ad choices. Visit megaphone.fm/adchoices

Self-storage with OPM! Today’s guest Ben Lapidus sits down and spills the beans on his strategies for buying self-storage units and running an investment fund with other people’s money. Ben has some really great advice for those who want to get started in self-storage, including how he got started getting 25% of other people’s deals, why he jumped from single family into commercial opportunities, and how he mitigates risk in the self storage space. You also won’t want to miss what he shares regarding how he picks a market, his criteria for buying a deal, and where he recommends brand new self storage investors get their start (hint-it’s all about size). If you want to have your mind blown, you CAN’T miss his technique for seller financing negotiating where he improves his terms by saving the seller’s money on their taxes-brilliant! This episode is completely full of high energy, content packed, practical advice for getting into commercial opportunities with other people’s money and we guarantee you will learn a TON. Download today and buckle your seat belt! In This Episode We Cover: How Ben found real estate after finding success in other business ventures Starting off investing with partners and getting 25% of the deal with none of the risk or capital Why he jumped from SFR to apartments What he learned buying an awful property on his first deal How he put together his first syndication Why he invests in self storage How he found opportunities while looking for something else How he focuses on his strengths and finds partners to handle his weaknesses How he finds deals in today’s market His criteria for what he needs to see in a market How he mitigates risk when buying self storage Why he looks for “expansion potential” How he finances his deals, the strategy he recommends for newer self storage buyers to look into His BRILLIANT tax saving strategy he uses to save thousands of dollars on seller financing opportunities The one thing he think should be taught in school that isn’t How he recommends people improve their people skills and forming connections And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Premium Best Ever Conference BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne Learn more about your ad choices. Visit megaphone.fm/adchoices

Commercial real estate like you’ve never heard it before!  On today’s episode, Brandon and David sit down with Ken Wimberly, the owner of a Keller Williams commercial brokerage and a commercial investor himself. Ken shares some incredible tips on how to get into owning commercial property, including how to find quality tenants, how to structure the lease, and how to protect yourself from a changing market. He also provides great advice on building relationships and identifying who NOT to partner with. Ken goes on to talk about how he went from working in a pizza restaurant to cashing his first check for 50K as a broker—with absolutely no training program! He shares some incredible advice for opening a laundromat, making huge returns, and successfully investing in other people’s deals, too. If you’ve ever been interested in how to do big deals without big headaches, this episode is for you! In This Episode We Cover: How he builds relationships How he learned the commercial business sitting across from a mentor and listening How he buys laundromats Investing in commercial spaces Using OPM to buy land and selling a 5K investment for 150K  How he earned a commission of $50K on a deal he couldn’t do How he chooses his business partners His morning routine What to look for in a potential partner to disqualify them How newbies should start off investing in commercial property How to balance investing with family time How he structures deals Tips on owning a business inside your commercial building How he invests in other people's deals And SO much more! Links from the show: BiggerPockets Forums BiggerPockets Webinar BiggerPockets Commercial Lenders CBRE BiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban BiggerPockets Podcast 322: 3 Things Every Leader MUST Do to Scale with Ben Kinney Google Alerts GoBundance BiggerPockets Business Podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

Build a deal funnel to fuel your business and keep the leads coming! On today’s show Brandon and David sit down with Adam Johnson and Brent Moreno, two wholesalers running a business that fuels their investment portfolio! Adam and Brent share several key pieces that make their business go, like how they have built systems to reduce their workload, how they keep their pipeline full of leads, and how they use a “three foot rule” to make sure everyone knows how they can help them. You’ll also love how they recruit others to work in their business, how they use stories to hold people’s attention, and how they have leveraged an army of Uber drivers to find them deals! These two guys have formed a great partnership, and share TONS of practical, meat-and-potatoes advice for how you can do the same. Their advice on “helping over haggling” alone is priceless! If you want to learn how to form the perfect partnership, how to build a portfolio off of a consistent pipeline of deals, AND how to wholesale those deals for profit, this is an episode you can’t miss! In This Episode We Cover: How they got into wholesaling How their business is structured Why they love wholesaling more than anything else How they use systems to create success when they don’t feel like working What a perfect partnership should look like The funnel they have set up to find, capture, and follow up with distressed seller leads The three-foot rule How they use Uber drivers to find them deals How they are helpers not hagglers The number one thing a newbie needs to do well to start a wholesale business How to recruit others to bring you deals How to use stories to get others involved in helping your business How they believe there is no “box” to think outside of And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Youtube Channel BiggerPockets Money Podcast BiggerPockets Business Podcast Podio InvestorPO REIpro PropStream ListSource LeadSherpa David Goggins on Joe Rogan’s Podcast Gary Johnston  Learn more about your ad choices. Visit megaphone.fm/adchoices

Ten doors free and clear on a blue-collar salary—today’s guest shares exactly how she did just that! Brandon and David sit down with Ashley Hamilton, who shares the incredible story of how she went from poverty to success through real estate investing with very little help or guidance. Ashley shares her remarkable strategies for investing in a market where very few others could, how she used BiggerPockets to develop a system, and how she got the city of Detroit to offer her a deal to buy a property at $500! Ashley also shares how she buys cheap houses at auctions, how she finds banks to finance her rehabs, and how she uses keyword alerts in the BiggerPockets forums to snag deals before anyone else! And be sure to listen for Ashley’s “no milk for her cereal” strategy to overcome and succeed! If you’re looking for an incredibly inspirational story that highlights how creativity and resiliency can pay off, you want to download this today.  In This Episode We Cover: How Ashley found a way to invest in a market when very few others could How she got the city of Detroit to call her and offer her a deal to buy for $500 Getting to nearly a half a million dollars in equity in a few short years How she got started investing with nothing but BiggerPockets as a guide Finding the best part of the city to invest in Why she fix her rentals up to suburb quality even in low-income neighborhoods Building a portfolio of 10 doors free and clear The way she uses the BiggerPockets forums to help her make money Landlording like a boss Giving back to your tenants And SO much more! Links from the Show: BiggerPockets Forums BiggerPockets Webinar Tarl Yarber's BiggerPockets Profile Dave Van Horn's BiggerPockets Profile Brie Schmidt's BiggerPockets Profile Joe Fairless' BiggerPockets Profile BiggerPockets Instagram Brandon's Instagram David's Instagram Rentometer Rich Dad Poor Dad Seminar GoBundance BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss Learn more about your ad choices. Visit megaphone.fm/adchoices

Incredible show alert! You don’t want to miss this one: Brandon and David sit down with bestselling author Cal Newport (who wrote So Good They Can’t Ignore You: Why Skills Trump Passion in the Quest for Work You Love, Deep Work: Rules for Focused Success in a Distracted World, and so on) to discuss just what makes high performers different than the rest. Cal shares incredible insight based on his research as a professor at Georgetown University, including how boredom can serve a very useful purpose, how to improve your focus to master your craft, and how building “career capital” can open doors to the life you’ve always wanted. Cal also shares life-changing advice on how starting the day in “monk mode” can supercharge your productivity, how to set better expectations with team members, and how to rebuild your digital life in 30 days. This episode is so good you’ll feel guilty you didn’t have to pay. Download it today! In This Episode We Cover: Cal’s story Improve your focus and remove distractions to increase productivity How to combine “deep work” with “shallow work” to stay mentally energized Building career capital you can then invest to build a better life What successful people do that unsuccessful people don’t How to set better expectations with team members How to start your day in “monk mode” and be insanely productive How to give your hours a job and make time work for you How to use boredom to recharge and motivate you His thoughts on social media and how it can rob you of time Taking the information you’re learning and letting it sink in  Detox and rebuild your digital life in 30 days And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Pro BiggerPockets Calc BiggerPockets Podcast 329: Financial Freedom Before 30 Through Just 10 Deals With Felipe Mejia BiggerPockets Podcast 327: The “Buy, Rehab, Rent, Refinance, Repeat” Method Made Simple With David Greene LinkedIn Moment App Realtor.com Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Lifeonaire by Steve Cook So Good They Can’t Ignore You by Cal Newport The 4-Hour Week by Timothy Ferriss Deep Work by Cal Newport Digital Minimalism by Cal Newport The Rise of Theodore Roosevelt by Edmund Morris Gates by Stephen Manes Connect with Cal Cal’s Personal Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Financially independent before 30 years old! Today’s guest Felipe Mejiasits down with Brandon and David and shares the incredible story of how he scaled from a $3,000 mobile home to 10 units and financial independence! Felipe has created a unique system that involves multi-unit properties, short-term rentals, and leveraging others to help run his business. The result? He is currently crushing it! You don’t want to miss the insanely powerful “no-why principle” he’s used relentlessly to succeed whenever he’s told no. Felipe also discusses how he leveraged the job of communicating with his Airbnb guests to buy his time back, and how he took advantage of a construction boom in his hometown to service its workers. He also talks about how he lost 30 pounds after realizing he was in the wrong profession, and how he bought a mobile home for $3,000 and then later got paid $30,000 for it! This episode is jam packed with fun, exciting content and practical advice for those looking to exit the rat race and achieve financial independence through creative strategies with real estate. Download it today! In This Episode We Cover: How he took his disappointment from missing out on a police career and turned it into RE investing success His “no-why principle” How he got his wife to buy into his vision How he took advantage of a booming construction industry to rent rooms out to builders His advice for pushing through being told no How he would listen to the BiggerPockets podcast in headphones while working in a construction job Real estate replacing his full time job before age 30 Delegating the work of his various businesses How he lives for free in Nashville How he leverages out communicating with his Airbnb guests and loves it How he got paid $30,000 on a property he paid $3,000 for And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar PNW Real Estate Wealth Expo BiggerPockets Podcast 232: The Four Lead Sources Nathan Brooks is Using to Flip 120 Houses a Year BiggerPockets Podcast 238: Becoming a Real Estate Millionaire on a Teacher’s Salary with Michael “Swanny” Swan BiggerPockets Pro BiggerPockets Podcast 322: 3 Things Every Leader MUST Do to Scale with Ben Kinney BiggerPockets Bookstore PayNearMe BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman The Founder | Netflix David’s Instagram Brandon’s Instagram Books Mentioned in this Show Miracle Morning by Hal Elrod Rich Dad Poor Dad by Robert Kiyosaki Richest Man in Babylon by George S Clason Lifeonaire by Steve Cook Why the Rich Are Getting Richer by Robert Kiyosaki Tweetable Topics: “Success is the other side of fear.” (Tweet This!) “People stop at no and don’t ask why.” (Tweet This!) “Do whatever works for you.” (Tweet This!) “My rentals feed my life, my flips feed my rentals.” (Tweet This!) Connect with Felipe Felipe’s Company Website Felipe’s Instagram Felipe’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

If you’ve ever had an interest in turning your desire to invest in real estate into a well-oiled business machine, today’s episode is for you! Chris McChesney, bestselling author of The 4 Disciplines of Execution, shares some mind-blowing strategies recognized worldwide for their ability to help followers achieve more success! Chris shares the difference between lead and lag activities, how to use the power of leverage to move your business forward, and how staying busy isn’t always in your best interest. He also shares eye-opening insight into the way we use confirmation bias to avoid making progress, how to break major wars into smaller, winnable battles, and the secret of “tendency override.” Chris has developed an amazing system using four key strategies to improve your odds to succeed and has implemented them with companies like Coca-Cola, Comcast, The Ritz-Carlton, and more! Don’t miss this episode chock full of actionable advice for improving your life, as well as your business! In This Episode We Cover: The difference between lag and lead activities How to use the power of leverage to move your business forward How staying busy isn’t always in your best interest How to identify your most important goal The secret to losing weight—and how to apply it to real estate What most business owners do wrong How confirmation bias clouds your vision Learning the secret of “tendency override” Breaking major wars down into small battles How to keep your goals small to make sure you achieve them How to avoid giving in to self-victimization How to develop a scorecard to track your progress How to use accountability to stay on track And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Youtube Channel BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock (Podcast) My Body Tutor My Fitness Pal BiggerPockets Instagram Brandon’s Instagram David’s Instagram Books Mentioned in this Show The 4 Disciplines of Execution by Chris McChesney Rich Dad Poor Dad by Robert Kiyosaki The ONE Thing by Gary Keller Essentialism by Greg McKeown Stephen R. Covey’s The 7 Habits of Highly Effective People The 12 Week Year by Brian P. Moran 90 Day Journal by Brandon Turner As a Man Thinketh by James Allen Built to Last by Jim Collins Good to Great by Jim Collins Tweetable Topics: “The real enemy of execution is your day job.” (Tweet This!) “You can be busy all day long and not be a step closer to your goal.” (Tweet This!) “The most strategic work you do will feel like you’re wasting time.” (Tweet This!) “If we don’t track, we lie to our selves.” (Tweet This!) “Make and keep a promise to yourself.” (Tweet This!) “If you think the problem is out there, that very thought is your problem.” (Tweet This!) Connect with Chris Chris McChesney’s Bio Chris McChesney’s Speaker Site Learn more about your ad choices. Visit megaphone.fm/adchoices

Today, we’re introducing the BiggerPockets Business Podcast, co-hosted by J and Carol Scott. Subscribe now using the links below; Episode 1 is up now! SUBSCRIBE ON APPLE PODCASTS (IPHONE): https://podcasts.apple.com/us/podcast/biggerpockets-business-podcast/id1460051721 SUBSCRIBE ON GOOGLE PODCASTS (ANDROID): https://www.google.com/podcasts?feed=aHR0cHM6Ly9icGJ1c2luZXNzLmxpYnN5bi5jb20vcnNz The BiggerPockets Real Estate Podcast will be back tomorrow, and we’ll be back to regular programming next week. Future episodes of BiggerPockets Business will drop on Tuesdays -- the day after the BiggerPockets Money Podcast. Oh, and go follow the BiggerPockets Business Podcast on Twitter @BPBusinessShow and Instagram @BiggerPockets! Learn more about your ad choices. Visit megaphone.fm/adchoices

In this special half-episode, David reads from Chapter 2 of the brand-new book he’s written on the BRRRR strategy. This particular passage goes to the heart of what makes BRRRR work: buying great deals. So how do you pull that off? In this chapter, David reveals: what he looks for when targeting properties, how to practice analyzing deals so you won’t be afraid to pull the trigger, and how to find team members and align their incentives with yours. Order “Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple” today at www.BiggerPockets.com/BRRRRbook. Physical copy, eBook, or audio version (read by a professional narrator) are all available. Or you can also get EVERY format if you order the Ultimate Package. That includes the exclusive eBook, “Long-Distance BRRR,” a bonus video on how to interview and hire a great contractor, and access to a live Q&A webinar with David. In the meantime, enjoy this bonus episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s here—THE book on BRRRR! And who better to write it than the leading authority on this strategy: our co-host David Greene. In this episode, he breaks down exactly how to “Buy, Rehab, Rent, Refinance, and Repeat” your way to wealth. David reveals how BRRRR allows him to force equity, leverage the talents of others, and recycle his capital so he didn’t have to keep working 100-hour weeks as a police officer. You’ll learn about the velocity of money, the “core four” players every BRRRR investor needs on his or her team, and the way to eliminate fear by taking a cold, hard look at the numbers. David also explains how this strategy can reduce capital expenditures and how to come to the bargaining table with a cash offer that puts you in the driver’s seat. He also addresses some common objections, including the notion that it’s difficult to influence the appraised value of your rehabbed property. Plus, you won’t want to miss the “Deal Deep Dive” where David goes into detail about one of his recent real-life BRRRR deals. Whether you’re brand new to this method of investing or are looking to fine-tune your BRRRR skills, this episode will provide you with a ton of value. Still, we only cover part of what’s in David’s book, so check it out on the BiggerPockets Bookstore. In This Episode We Cover: Who David is Defining and explaining BRRRR Discovering the main benefits to BRRRR How to increase your ROI Understanding what increasing the velocity of your money is Getting good at what you do How to decrease risk by building equity and pulling capital How to scale to financial freedom faster Ways to lower CapEx expenses And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Dave Visaya’s BiggerPockets Profile BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene BiggerPockets Instagram BRRR Calculator BiggerPockets Bookstore Books Mentioned in this Show Buy, Rehab, Rent, Refinance, Repeat (BRRRR) by David Greene Long-Distance Real Estate Investing by David Greene The Millionaire Real Estate Agent by Gary Keller So Good They Can’t Ignore You by Cal Newport Digital Minimalism by Cal Newport Tweetable Topics: “Make money work for me.” (Tweet This!) “Repetition builds mastery.” (Tweet This!) “Operating from ignorance or inexperience is operating with a massive amount of risk.” (Tweet This!) “Down payment has nothing to do with risk.” (Tweet This!) “BRRRR investing is about gaining equity without losing capital.” (Tweet This!) Connect with David David’s BiggerPockets Profile David’s Instagram David’s Facebook Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

What does true wealth mean to you? Maybe it’s having control over your time or having the means to donate part of your income to charity. Maybe it means feeling healthy enough to jump out of bed and attack the day. In today’s episode, Brandon, David, and Josh (remember him?) speak with three financially independent investors about what motivated each of them to work so hard toward their goals. Early in their careers, David Osborn, Pat Hiban, and Tim Rhode realized they shared a common goal: to steadily accumulate streams of passive—or as they call it—“horizontal” income. So they got together and made a serious commitment, vowing to hold each other accountable every step of the way—even if it meant dishing out some tough love. In this episode, you’ll learn how finding an accountability partner can change the trajectory of your career and life, and how giving time and money can not only make you feel better but also make you more wealthy. You’ll also learn how David, Pat, and Tim built dozens of streams of income by living below their means, connecting with the right people, and taking advantage of opportunities. This is a must-listen if you’ve ever asked the question, “Why am I working so hard, anyway?” You’ll come away from this episode motivated to hold yourself and your loved ones accountable so you can reach your goals together. Download it today! In This Episode We Cover: The background of these founders The story behind the three amigos and the founding of GoBundance The Pillars of GoBundance Having a genuine contribution Having authentic relationships Having extreme accountability Having horizontal income Having age-defying health Having bucket list adventures How to reach your financial goal Finding motivation to earn and grow more And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar GoBundance BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn BiggerPockets Podcast 284: The “Miracle” Behind Becoming a Millionaire with Hal Elrod and David Osborn BiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban  BiggerPockets Podcast 313: How to Be Happy AND Grow a Massive Business with Entrepreneur Jesse Itzler (and Josh!) 1 Life Fully Lived Books Mentioned in this Show The Miracle Morning by Hal Elrod The 4-Hour Work Week by Timothy Ferriss Rich Dad, Poor Dad by Robert Kiyosaki 6 Steps to 7 Figures by Pat Hiban & Gary Keller Rich Dad’s Cashflow Quadrant by Robert Kiyosaki Retire Young Retire Rich by Robert Kiyosaki Richest Man in Babylon by George S. Clason How to Invest in Real Estate by Brandon Turner and Joshua Dorkin Think and Grow Rich by Napoleon Hill As a Man Thinketh by James Allen The E-Myth Revisited by Michael E. Gerber Tweetable Topics: “How can I work as little as possible and keep making money?” (Tweet This!) “Spend your time doing the things that make you money and delegate the rest.” (Tweet This!) “Real estate is the everyday man’s way to wealth.” (Tweet This!) “My car is always secondhand.” (Tweet This!) “Set financial goals, not material ones!” (Tweet This!) “All the wins I’ve got in life have all came from me willing to be vulnerable.” (Tweet This!) “It’s weird because every successful person I’ve ever met spends more time thinking than doing anything else.” (Tweet This!) “You can’t build a successful business without health.” (Tweet This!) “A life without contribution is a life not worth living.” (Tweet This!) “Always be where you are.” (Tweet This!) Connect with Pat, Tim, and David GoBundance Learn more about your ad choices. Visit megaphone.fm/adchoices

Awesome show alert! Today’s guest is so full of information you will be blown away. Aaron Amuchastegui sits down with Brandon and David and explains how he buys 20 deals a month while practicing principles of the four-hour workweek. It’s an incredible story about how he built a big business with foreclosures, how he keeps his pipeline full (including how he buys deals at auctions), how he does due diligence, and how he tracks down owners of vacant properties. You won’t want to miss his advice on owning C- or D-level properties, how he uses flip profits to fund a business that acquires rentals, and—most importantly—how you can lose money in real estate even if you’re buying great deals. This episode is full of more powerful insight than we can begin to mention. Aaron is a big-time real estate investor who has gone from rags to riches, to rags to riches again. Tune in to hear him share everything he learned along the way. Download today! In This Episode We Cover: How he got into real estate investing Buying at an auction The different types of auctions How to approach and talk to cash buyers The moral aspect of real estate How to do title research A big surprise after buying a sight-unseen house Bouncing back from losing everything he built Why he thinks flipping is a job And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Kiawe Outdoor Instagram Kiawe Outdoor Brandon’s Instagram BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors Auction.com GoBundance Five Hour School Week Books Mentioned in this Show The Miracle Morning by Hal Elrod The 4-Hour Work Week by Timothy Ferriss Rich Dad, Poor Dad by Robert Kiyosaki Tweetable Topics: “There’s so many problems that you can solve in real estate.” (Tweet This!) “I make money 9/10 houses. I take a loss 1/10.” (Tweet This!) “Flipping is only money when you keep flipping.” (Tweet This!) Connect with Aaron Email Aaron: aaron@flsonline.com or aaron@fivehourschoolweek.com Aaron’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Do you want to invest in multifamily apartments but feel intimidated by the process? If so, today’s episode is for you! Brandon and David interview Michael Blank, an experienced multifamily investor/educator, who breaks down the seemingly daunting process into super simple steps. Don’t miss Michael’s advice on how to get started in the space, how “the law of the first deal” will increase your odds of success, and how multifamily investing can lead to financial independence in five years. You’ll also love learning common multifamily vocabulary, what an ideal property looks like, and how to develop relationships with potential investors. Michael also shares incredible insight into how he built his empire, as well as his top two negotiating tactics and “three levers” to successfully negotiate a multifamily deal! This is one of THE most informative shows we’ve ever done. Download it now! In This Episode We Cover: How he got started and why he recommends multifamily investing Scaling his business despite running out of of time What is “the law of the first deal”  The multiple ways syndicators make money in a deal Common multifamily terms and what they mean How to improve the value of a multifamily property What an ideal deal looks like Developing pre-existing relationships with potential investors Why cash flow is so important in multifamily His top two negotiating tactics How he bought a 321-unit building, how he BRRRR-ed a multifamily building, and returned 96 percent of their investors’ capital in the process His “three levers” to negotiate in a multi family deal And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast 066: Flips, Apartments, & Protecting Yourself From Professional Tenants with Michael Blank BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone LoopNet BiggerPockets Bookstore Books Mentioned in this Show Vivid Vision by Cameron Herold The ABCs of Real Estate Investing by Ken McElroy Rich Dad Poor Dad by Robert Kiyosaki How We Bought a 24-Unit Apartment Building for (Almost) No Money Down by Brandon Turner Raising Private Capital by Matt Faircloth The ONE Thing by Gary Keller The Miracle Morning by Hal Elrod Financial Freedom with Real Estate Investing by Michael Blank Tweetable Topics: “The value of the first deal far outweighs any kind of money you can make from it.” (Tweet This!) “Nobody is rich on their first deal, but they’re rich because of their first deal.” (Tweet This!) “I’d rather do an 80/20 gigantic deal than 70/30 of nothing.” (Tweet This!) “Structure your deals based on who your investors are.” (Tweet This!) “Never take money unless you know what the heck you are doing.” (Tweet This!) “Always raise more money than you think you need.” (Tweet This!) Connect with Michael Michael’s BiggerPockets Profile Michael’s Personal Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Would getting more deals through your network help your real estate business? Today’s guest specializes in just that! Brandon and David sit down with Travis Chappell, host of the “Build Your Network” podcast, and dive into how to create success through other people. Travis shares strategies for using his network to find deals, mastering the art of giving to increase your success, and becoming a leader in any space you are passionate about—no matter who you are! You won’t want to miss his “anchoring” negotiating strategy, his advice on the right way to reach out to mentors/influencers, and his five tips for starting off an effective working relationship! This is one of the most value-packed shows BiggerPockets has done. Download it now! In This Episode We Cover: How Travis uses his network to source deals Why he rents his primary residence The power of creating a platform like a podcast or meetup The key to successfully partnering with family Why givers are more successful How his networks really affect his net worth The reason why he’s selling his real estate properties The beauty of adding value first to others His five effective tips for reaching out and connecting with anyone His “anchoring” negotiating tactic and how he used it to land a deal Why house hacking is his favorite way to get started in real estate And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Events BiggerPockets Podcast 314: How to Find Rockstar Contractors and Manage Like a Boss with Andresa Guidelli Build Your Network 186: The Bigger Pockets Podcast with Brandon Turner  BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless Best Ever Podcast by Joe Fairless BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone Entrepreneurs on Fire with John Lee Dumas BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan Jordan Harbinger Show Noah Kagan BiggerPockets Hard Money Lenders BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene Books Mentioned in this Show Give and Take by Adam Grant Millionaire Real Estate Investor by Gary Keller Never Split the Difference Chris Voss Fire Round Questions Any advice on finding deals to flip in a hot market? Do you think it’s a mistake to think about investing out of state, given my lack of experience at this point? Any tips for motivating contractors to move quickly? Tweetable Topics: “Most of the things that we need to master fall under the communication category.” (Tweet This!) “You don’t have to be an expert to start a podcast or a meetup.” (Tweet This!) “Every deal is different. What works for me may not work for you.” (Tweet This!) “The deal is in the numbers. If it’s a good deal, it will make money regardless of all the other stuff.” (Tweet This!) “What you focus on, you get more of.” (Tweet This!) “There’s deals for everybody out there!” (Tweet This!) “Not all debt is bad.” (Tweet This!) “The number one thing about networking is giving value.” (Tweet This!) Connect with Travis Travis’ Personal Website Meet Your Hero Course Learn more about your ad choices. Visit megaphone.fm/adchoices

Today’s guest grew up poor, living in a cabin without power or running water. But now he controls millions of dollars in real estate, owns several companies, and leads one of the country’s top-producing sales teams. How did Ben Kinney pull that off? The story involves, of course, hard work and tenacity. It involves a book that shifted his mindset at just the right time. And most importantly, it involves teamwork. In this episode, Ben lays out the hiring process he used to build a real estate agent business. He talks about how he got used to rejection working as a “cable guy” and shares how YOU can find an off-market deal and start house hacking—without a lot of money out of pocket. Ben also details the seven goals that influenced his every decision and the three things every leader should do when growing his or her business. (Hint: “inspect what you expect.”) In the “Deal Deep Dive” segment, Ben tells us how he was able to buy a company for a hefty price by controlling the terms of the deal. He’s a big-picture guy, who will challenge you to think differently about real estate and business. If you feel held back by tasks you don’t enjoy, listen to this show for practical tips on how to delegate more effectively. Today’s episode will inspire you and help you invest more efficiently, so you can do what you love and watch your wealth grow. In This Episode We Cover: The amazing story behind how Ben got started selling homes Being recession proof Why he builds and buys businesses Using synergy to grow his RE empire What he looks for in a deal Why he likes to buy and hold instead of flip How big businessmen save on taxes What is the income triangle and how to flip it Finding great leaders as partners or employees Building an ecosystem to help find him deals Questions he asks new hires or partners to determine if they are the right ones The story about how he spent six days to find ONE hire Working only do things he enjoys And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Brandon’s Instagram BiggerPockets Facebook Page Pat Flynn’s Podcast The Real Estate Guys BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan David’s Instagram BiggerPockets Instagram Books Mentioned in this Show The Millionaire Real Estate Agent by Gary Keller Cashflow Quadrant by Robert Kiyosaki Rich Dad Poor Dad by Robert Kiyosaki Set for Life by Scott Trench Extreme Ownership by Jocko Willink Tax-Free Wealth by Tom Wheelwright The ONE Thing by Gary Keller and Jay Papasan Tweetable Topics: “I hate when people call me an entrepreneur and the reason is because 98% so-called entrepreneurs fail.” (Tweet This!) “Systems make the ordinary become extraordinary.” (Tweet This!) “People complicate things to justify their inactions.” (Tweet This!) “You can’t be chasing money because money runs too fast.” (Tweet This!) “Hire the things you don’t enjoy.” (Tweet This!) Connect with Ben Ben’s Personal Website Email Ben Ben’s Facebook Page Ben’s Twitter Profile Ben’s Training Website Learn more about your ad choices. Visit megaphone.fm/adchoices

In this bonus episode, co-authors Carol and J Scott read from Chapter 5: Seller Motivation and Leverage. This passage reveals the exact questions the authors ask sellers, and how to “aggressively listen” for valuable information — even when making casual conversation. Plus, Carol and J do some investor/seller role-playing. Order “The Book on Negotiating Real Estate” today at www.BiggerPockets.com/NegotiatingBook; you can get a physical copy, eBook, or audio version (that one is read by professional narrators) — OR just get the Ultimate package, which includes everything, PLUS access to two live Q&A webinars with Carol and J, two bonus videos, and a Quick Reference Guide with the top negotiating tips and tricks from the book Learn more about your ad choices. Visit megaphone.fm/adchoices

Would your real estate investing business benefit from better negotiating tactics? Of course it would! On today’s show, Brandon and David sit down with J and Carol Scott, as well as Mark Ferguson, co-authors of the new BiggerPockets book The Book on Negotiating Real Estate. The authors discuss several powerful negotiating strategies, plus common misconceptions about negotiating, how “winning” in negotiating doesn’t always mean the other side is losing, and how the best deals are done through building rapport (with examples of how to do just that). You won’t want to miss their tips on how to prepare for a negotiation beforehand—something that’s made them hundreds of thousands of dollars over the years—and how to negotiate with your own contractor to get the best prices possible! This episode is full of advice to help you, the investor, save money and get deals. If you want to experience better results getting what YOU want out of a deal, download this one today! In This Episode We Cover: Introducing J, Carol, and Mark Common misconceptions about negotiating How winning doesn’t always mean the other side losing The right mindset when it comes to negotiating How building rapport can get you deals Learning to shift the negotiation off of price and into something else Tips in preparing for your negotiation beforehand Negotiating with your contractor to get the best deal possible The tip that’s made them hundreds of thousands of dollars over the years How they closed on a deal using negotiating tactics to lower the price on an already great deal And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Brandon’s Instagram Be a Podcast Guest BiggerPockets Podcast 311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J Scott BiggerPockets Podcast 010 : Flipping Houses 101 with J Scott BiggerPockets Podcast 068: Being a Superhero House Flipper, Investor, and Team Leader with Mark Ferguson The Best Ever Conference BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber Books Mentioned in this Show BRRRR by David Greene The Book on Flipping Houses by J. Scott The Book on Negotiating Real Estate by J. Scott, Mark Ferguson, and Carol Scott Moneyball by Michael Lewis The Book on Rental Property Investing by Brandon Turner Long-Distance Real Estate Investing by David Greene The Millionaire Real Estate Investor by Gary Keller Now, Discover Your Strengths by Marcus Buckingham Too Perfect by Jeannette Dewyze & Allan Mallinger The ONE Thing by Gary Keller and Jay Papasan Tweetable Topics: “90% of negotiation is literally the skills all of us already have.” (Tweet This!) “Treat every conversation as a discussion as opposed to as a questionnaire.” (Tweet This!) “Negotiate everything, always.” (Tweet This!) “The person who cares the least has the most power.” (Tweet This!) Connect with J and Carol J and Carol Scott’s Website J’s BiggerPockets Profile Carol’s BiggerPockets Profile J’s Facebook Profile J’s Twitter Profile Connect with Mark Mark’s Website Mark’s BiggerPockets Profile Mark’s Youtube Channel Learn more about your ad choices. Visit megaphone.fm/adchoices

Imagine building a business around work you’d do for free. Sound pretty great? Today’s guest has done just that, and her story may change the way you think about investing. Brittany Arnason is a 26-year-old who’s converted her talent for hands-on work into a cash-flowing, 10-unit rental portfolio. In this episode, Brittany shares how she learned the business of real estate and construction as a small child, bought her first property for $25,000, and worked on it herself to save money and learn the business. She goes on to reveal her DIY secrets for adding value at minimal cost, how she applied skills she learned at her 9 to 5 to make her a more successful investor, and how she operates as a woman in a male-dominated industry. Brittany has an incredible energy, spark, and passion for real estate, and it is infectious. Don’t miss how she uses creative strategies to finance her deals and the BRRRR method to fund unlimited projects. This is an episode that will leave you pumped up and ready to go get your next (or first) deal. Download it today! In This Episode We Cover: How Britt got her first rental property at the age of 18! Quitting her job as a power engineer Pros and cons of doing your own work The Lifeonaire Strategy Things that make a huge impact in a property Using personal line of credit to fund deals What is a Step Up mortgage Doing BRRRR strategy with her boyfriend Finding deals through realtors and MLS How she learned DIY skills from the internet And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Brandon’s Instagram David’s Instagram Chip Gaines Joanna Gaines #HumboldtHouse Realtor.ca Pinterest BiggerPockets Calculator Rehab Estimator Calculator BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors Gary Vaynerchuk on Finding Deals Through Social Media & Crushing It as an Entrepreneur Books Mentioned in this Show The Book on Rental Property Investing by Brandon Turner Lifeonaire by Steve Cook Unlimited Power by Tony Robbins BRRRR Book by David Greene (coming soon!) J. Scott’s Book on Estimating Rehab Cost Long-Distance Real Estate Investing by David Greene 90 Days Journal by Brandon Turner (coming soon!) Gary Vaynerchuk’s Crushing It! The Subtle Art of Not Giving a F*ck by Mark Manson 4-Hour Work Week by Tim Ferriss Fire Round Questions I wonder what your 3 favorite tools are How many calls, showings, and applications you see before having a signed lease? Tweetable Topics: “New builds can be easier and more straightforward than rehabs!” (Tweet This!) “If it keeps you motivated and it keeps it fun for you, it probably will help your business.” (Tweet This!) “You have to do whatever it takes to make it work.” (Tweet This!) Connect with Britt Britt’s Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

How does finding and closing 15 deals a month sound? Today’s guest shares exactly how his team does just that! Returning guest Nathan Brooks goes into detail about how he built a turnkey business that consistently finds and closes deals on a large scale. He also shares great info regarding how he uses the DISC profile to understand himself and his team members, his three-step process for rehabbing homes, and why he always has at least two sets of eyes on every deal. Plus, he reveals what he wishes he had done differently in the beginning and how to alternate between a “10,000-foot view” of your business and being on the front line. You also won’t want to miss his discussion about mistakes newbies should avoid. Nathan is a long-time investor with a heart-felt passion for helping others succeed. If you want to grow your real estate business, be sure to check out the incredible advice and encouragement he shares in today’s episode! In This Episode We Cover: How Nathan uses the DISC profile to understand himself What he would have done different if starting his business again His three-step process for rehabbing homes Why he always uses two sets of eyes on every deal How he utilized meetups to grow his business How his team is buying 12-15 deals a month His rule for replacing anything that doesn’t have a 10-year life span Mistakes for newbies to avoid How to alternate between a big picture view and daily activities to lead to success How he handled his nightmare flip And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Seth Godin BiggerPockets Podcast 313: How to Be Happy AND Grow a Massive Business with Entrepreneur Jesse Itzler (and Josh!) Tony Robbin’s DISC Test How to Use the DISC Profile To Communicate Effectively in Business BiggerPockets Podcast 087: How to Thrive After The Collapse of a Real Estate Empire with Nathan Brooks BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss BiggerPockets Podcast 232: The Four Lead Sources Nathan Brooks is Using to Flip 120 Houses a Year BiggerPockets Podcast 159: How to Build a Real Estate Business That Buys 60 Deals a Year with Nathan Brooks Books Mentioned in this Show Traction by Gino Wickman Never Split the Difference by Chris Voss On the Shortness of Life by Seneca Extreme Ownership by Jocko Willink Go Giver by Bob Burg Fire Round Questions Any tips on negotiating with sellers in a competitive market? How can I tell if the wholesaler I’m dealing with is legit? Just curious if anyone else can share strategies for assessing property management companies? Tweetable Topics: “As soon as you can afford it, hire your weaknesses.” (Tweet This!) “The direction of your business is your responsibility.” (Tweet This!) “If you’re not taking professional pictures of your rental property, stop and start doing that now.” (Tweet This!) “Your business is only as good as you are.” (Tweet This!) Connect with Nathan Nathan’s BiggerPockets Profile Nathan’s Facebook Profile Nathan’s Company Nathan’s Meetup Group Learn more about your ad choices. Visit megaphone.fm/adchoices

Interested in buying over 100 units in two years’ time? Today’s guest did just that! Collin Schwartz shares the amazing story of how he built an impressive portfolio on the foundation of direct mail and networking through meetups. You’ll learn how Collin utilized a clever twist on the BRRRR method to avoiding paying cash for properties (but still get back his down payment), how he uses balloon notes to do this, and how his highly targeted direct mail strategy led to it all being possible. Collin also shares how he runs meetups to find deals, what his criteria are for buying properties, and how he partners/leverages with others to make this incredible success possible over such a short period of time. Collin also earns income managing properties—and even leverages that business to find deals too! If you want a solid game plan that will lead to impressive growth, this is an episode you don’t want to miss! In This Episode We Cover: How Collin went from handwriting 191 letters to over 100 units in two years How he uses networking to find deals His direct mail strategy How he uses the BRRRR method and traditional financing His 50/50 partnership structure Tips for using RUBS to increase profit What criteria he looks for in properties How to run meetups to find deals Advice for using balloon notes to get into deals (and later refinancing) How to outsource paperwork and bookkeeping to others How he makes money managing his own properties And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar ListSource Invoice America BiggerPockets Events BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock BiggerPockets Jobs Zillow Loopnet Books Mentioned in this Show Who: The A Method for Hiring by Geoff Smart and Randy Street Rich Dad Poor Dad by Robert Kiyosaki The Millionaire Real Estate Investor by Gary Keller Shoe Dog by Phil Knight Tweetable Topics: “In my mindset, more units, less risk.” (Tweet This!) “Real estate is forgiving.” (Tweet This!) Connect with Collin Collin’s BiggerPockets Profile Collin’s Meetup Collin’s Instagram Collin’s LinkedIn Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever dreamed of being a successful multifamily investor who owns millions of dollars in real estate while others manage your assets? Well, today’s guest is doing just that! Brandon and David sit down with Chad Doty, a one-time businessman who ditched corporate life and moved on to real estate, now owning 3,000 units! Chad shares TONS of meaty insight, including what he looks for when choosing a market, where he’s currently investing (and avoiding), and four rules of thumb for building a multifamily business. Chad gives great advice regarding overcoming high barriers to entry, getting brokers to take you seriously (even as a newbie), and adding value to properties in order to generate big profits. Plus, you DO NOT want to miss Chad’s take on finding deals others are missing, the order in which you should build your team, and how he would invest his grandmother’s last 100K! If you’re looking for an episode with so much value you’ll feel guilty you didn’t have to pay for it, download this one now! In This Episode We Cover: How Chad got into multifamily What evergreen is Two real estate myths What comes first: deal or money The market he invests in and why His success metrics The four components of any successful business Raising money to fund an apartment building Increase rent vs. decrease expenses What does his team look like managing thousands of properties Rules of thumb for communicating with property management His thoughts on the future of today’s market And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Real Estate Glossary Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! (podcast) BiggerPockets Podcast 316: How to Become a Millionaire Through Real Estate by 26 with Graham Stephan (podcast) BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan (podcast) Books Mentioned in this Show The Speed of Trust by Stephen Covey The Millionaire Real Estate Investor by Gary Keller The Goal by Eliyahu M. Goldratt Tweetable Topics: “Money flows to competency not to good deals.” (Tweet This!) “Capital formation is the ultimate entrepreneurial skill.” (Tweet This!) “If emotions are going to be out there, use it to your benefit.” (Tweet This!) “Embrace the suck required to get good. But once you do that, the world is your oyster.” (Tweet This!) “Hospitals are 24-hour blue collar job factories.” (Tweet This!) Connect with Chad Chad’s Personal Website Free Report for Evidenced Based Investing Learn more about your ad choices. Visit megaphone.fm/adchoices

Interested in becoming a millionaire through real estate investing? Of course you are! Today’s guest did just that—by age 26! Brandon and David sit down with top-producing real estate agent and investor Graham Stephan as he spills the strategy he used to build massive wealth at such a young age. You won’t want to miss his “fortune formula,” including how he adds value to the deals he buys, how he saved money to invest without missing out on life’s experiences, and how he found work he loved to do so he could work hard while still feeling like he was on vacation. Graham’s passion for real estate carried him to big success through investing, and he shares great advice for using YouTube to grow your brand. He also discusses how skipping college helped make him a millionaire and how he worked with his grandma to fund his first deal!  Graham touches on why he feels the future of RE is in development, ways to “make, not just find,” deals in today’s market, what to watch out for with Airbnb, and how he bought a house before he even owned a credit card. DON’T miss this powerful show from someone who made the most of his 20s to set himself up for future success. Download it today! In This Episode We Cover: Started as listing agent in L.A. at age 18 Closing over 3 million dollars as a first deal that made him quit college The plan he put in place What he could’ve done better What it’s like buying rental properties at a young age Hack on managing properties House hacking in LA The Subway sandwich story How Graham became a millionaire in real estate by 26 Why going to college would have set him back a decade The Millionaire Formula His current investments and future plans Tips on landlording And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Meet BiggerPockets Career Opportunities Mission Meats BiggerPockets Youtube Channel How I became a Millionaire in Real Estate by 26 (video) BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene David Greene’s Youtube Channel Books Mentioned in this Show The Book on Managing Rental Properties by Heather and Brandon Turner Buy It, Rent It, Profit! by Bryan M. Chavis The 4-Hour Workweek by Timothy Ferriss Tweetable Topics: “If people worth 10 million dollars are buying these properties, chances are this is something I should start paying attention to myself.” (Tweet This!)  “You don’t have to deprive yourself to be successful, you just have to be smart about the things you chase.” (Tweet This!) “Going to college for me would have set me back probably almost a decade.” (Tweet This!) “For me, my work is my vacation.” (Tweet This!) “Every year there’s a new opportunity out there.” (Tweet This!) “Landlording is a skill.” (Tweet This!) “If you pick up the phone, you are ahead of 80% of agents out there.” (Tweet This!) Connect with Graham Graham’s Youtube Channel Learn more about your ad choices. Visit megaphone.fm/adchoices

Interested in learning techniques that will virtually guarantee you success, regardless of your field of interest? Of course you are! On that front, today’s show will not disappoint! Brandon and David interview bestselling author Robert Greene, whose latest book is titled The Laws of Human Nature. Robert discusses brilliant concepts regarding earning the trust of others, determining who you can trust in an interaction, and developing the super power of reading other people’s non-verbal cues. He also shares valuable insight that will help you positively impact the emotions of others around you, put yourself in a peak state of performance, and activate the power of your own emotional connection to things you are passionate about. And do not miss Robert’s advice on making sure others cannot manipulate or deceive you, or what he’s learned studying Leonardo da Vinci and others who have mastered their crafts! If you want to become the investor who gets deals first, gets the best prices on rehabs, and is less likely to be fooled in a transaction, download this episode right now! In This Episode We Cover: Robert’s mentor-mentee relationship with Ryan Holiday What a mentor is looking for a mentee What are the laws of human nature Understanding human nature and why it’s the most important skill Seeing through people beyond the surface Validating the good in people Flattery vs. recognizing somebody’s strength The different biases and how we’re governed by emotions – Conviction bias – Appearance bias – Group bias Techniques to resist these biases How to present yourself Mastery and being emotionally connected to what you do And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan Holiday (Podcast) Insight Timer Brandon’s Instagram David’s Instagram BiggerPockets’ Instagram Books Mentioned in this Show The 48 Laws of Power by Robert Greene Mastery by Robert Greene The Art of Seduction by Robert Greene Laws of Human Nature by Robert Greene I Hope They Serve Beer in Hell by Tucker Max The 50th Law by 50 Cent and Robert Greene Pitch Anything by Oren Klaff The Art Of War by Sun Tzu Principles by Ray Dalio The Obstacle Is the Way by Ryan Holiday The Book on Rental Properties by Brandon Turner Long-Distance Real Estate Investing by David Greene Tweetable Topics: “The most important thing you are looking for is not a glittering resume, it’s not charm, but their character.” (Tweet This!) “The most important skill you can develop in life is understanding people.” (Tweet This!) “The energy that you present people, is how they’re going to see you.” (Tweet This!) Connect with Robert Robert’s Personal Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Would your real estate business benefit from better rehab/construction knowledge or tactics? Well, that’s the focus of today’s show, where Andresashares her story of moving from Brazil to America and crushing it in the real estate space! Andresa excels in an area many of us find extremely challenging: managing rehabs. In this episode, she pulls back the curtain and shares tips for how you can do the same. Andresa gives great advice for finding excellent contractors (and vetting them), the three things she puts in every contract, and how she makes sure she’s never ripped off. You won’t want to miss her advice on finding the perfect team, determining the scope of work for your project, and learning your market. Andresa also shares a killer tip about challenging low appraisals she’s used successfully three separate times! Andresa is able to skillfully manage several rehab projects at a time while also running a side Airbnb business and gives great guidance on how you can do the same. Download this one now! In This Episode We Cover: How Andresa got into real estate How she finds great contractors The three things she puts in her contract How she pays her contractors Her advice for finding the perfect team How she embraces what she’s good at Why you should be humble enough to partner with others How she determines her scope of work Tips for understanding your market How she challenges appraisals Her advice for Airbnb investing And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side Of No Money Down with Ryan Murdock Best Ever Conference BiggerPockets Events BiggerPockets Podcast 203: Finding Deals, Funding, Contractors, and Mentors with Matt and Liz Faircloth BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki The Book on Investing with Low or No Money Down by Brandon Turner Extreme Ownership by Jocko Willink Never Split the Difference by Chris Voss Long-Distance Real Estate Investing by David Greene Traction by Gino Wickman The Code of the Extraordinary Mind by Vishen Lakhiani Tweetable Topics: “There’s somebody for every role.” (Tweet This!) “Get the ‘no’ first because that is when the negotiation starts.” (Tweet This!) “Partner up with somebody that is willing to share to you the entire process.” (Tweet This!) Connect with Andresa Andresa’s BiggerPockets Profile Andresa’s Website and Podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

You want to crush it in real estate investing. But you also want fun, adventure, and time for yourself and your loved ones. Can you have both? Our guest today says, “YES!” Jesse Itzler is a serial entrepreneur who’s worn a lot of hats: rapper, founder of a private jet company (sold to Warren Buffett’s Berkshire Hathaway), partner in a coconut water venture (sold to Coca-Cola), ultra-marathoner, and part-owner of the Atlanta Hawks. Jesse shares his plan for 4x-ing your productivity, what he learned from living with a Navy SEAL (and writing a book about it!), and why investors must learn to “fall in love with the process,” rather than the product. You’ll learn his trick for scheduling memorable experiences and why you should develop your own “happiness meter.” Oh, and stick around to hear Jesse’s hilarious story about performing in front of 600,000 people—and forgetting the words. This show is packed with wise counsel for anyone who is or wants to be a hard-charging entrepreneur, but also craves more balance and bliss. Download this episode, and share it with a friend or family member who would enjoy it! When you do, tag us on Twitter (@jrdorkin, @brandtonatBP, @biggerpockets) or Instagram (@jrdorkin, @beardybrandon, @biggerpockets)! In This Episode We Cover: Jesse Itzler’s backstory The moment of the most happiness -41 bucks story! How to measure happiness with the “Happiness Meter” The “3-Hour Rule” What Kevin’s Rule is and why you should create “moments” Advice for making the most of life Why you should think through: What do I want to be known for in the next 5 years? How to reach out to people who you aspire to meet His advice on growing multiple business A way to redefine failure The Misogi And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Atlanta Hawks Marquis Jet Zico Coconut Water Jesse Jaymes – Shake It Like A White Girl (Video) Spanx The Happiness Meter by Jesse Itzler at TEDxHickory (Video) 29029 Everesting Josh’s Instagram Josh’s Personal Website Brandon’s Instagram Books Mentioned in this Show Living with a SEAL by Jesse Itzler Living with the Monks by Jesse Itzler Fit For Life: A New Beginning by Harvey Diamond Rich Dad Poor Dad by Robert Kiyosaki The E-Myth Revisited by Michael Gerber The ONE Thing by Gary Keller The 4 Disciplines of Execution by Chris McChesney, Sean Covey, & Jim Huling The Wealthy Barber by David Chilton Tweetable Topics: “If you have health, you have hope. If you have hope, you have everything.” (Tweet This!) “In most areas of our life, there’s a way to measure almost everything.” (Tweet This!) “As we get older, it’s very hard to create newness.” (Tweet This!) “If it’s not important to you, it’s not going to happen.” (Tweet This!) “People buy into stories more than products.” (Tweet This!) “As a parent, praise your kids’ effort, not the result.” (Tweet This!) “Money is fun to make, fun to spend, and fun to give away.” (Tweet This!) Connect with Jesse Jesse’s Website Jesse’s Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

Excited about real estate investing and looking for a blueprint to follow? Well, you’re in luck! Today’s guest James Masotti is a well-rounded investor who’s piling up properties while working a full-time job. James shares how he consistently finds deals in a competitive market (it’s not through the MLS), how he funds these deals (it’s not with his money), and how he handles the common complications every investor faces. He also gives some great advice for acquiring properties already occupied by tenants, and explains how he keeps his partner and lenders happy even when things don’t go according to plan. He offers tips on planning for CapEx and dealing with the dark side of real estate investing, too.  Plus, you won’t want to miss his advice when it comes to building funnels to find deals, as well as just what to look for when interviewing real estate agents. James has a straightforward, no-nonsense approaching to succeeding in today’s market and provides tons of good content for how you can do the same! Download this episode today! In This Episode We Cover: Jame’s entrance into real estate investing while having a professional career Cash reserves and how he plans for CapEx How he finds and funds deals Dealing with tenant evictions Finding the lender you need What a debt cover ratio is Why he continuously builds funnels How to handle when things go wrong Analyzing and overcoming the dark side of real estate investing! And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Be a Guest on the Podcast Biggerpockets Investor Deal Diaries BiggerPockets Meetup and Events BiggerPockets Marketplace BiggerPockets Podcast 308: From 0 to 400 Units in 3.5 Years with Sterling White BiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie Duke BiggerPockets Podcast 304: Using Incredible Strength of Mindset to Succeed Despite Overwhelming Obstacles With Nick Santonastasso The Blitzkrieg Rent Collection Plan for Landlords (Blog) What is CapEx in Multifamily Real Estate Investing (Blog) Biggerpockets Bookstore Books Mentioned in this Show The Book on Managing Rental Properties by Heather and Brandon Turner I Will Teach You To Be Rich by Ramit Sethi The Book on Estimating Rehab Costs by J. Scott The Richest Man in Babylon by George S. Clason Rich Dad Poor Dad by Robert Kiyosaki E-Myth by Michael E. Gerber Lifeonaire by Steve Cook Fire Round Questions How to create a deal in partnership? Late rent problems, let me know your strategy! What are the most important rules of thumb you use when analyzing properties? Tweetable Topics: “Real estate is very forgiving.” (Tweet This!) “When you’re looking to scale, you want to have reserves available.” (Tweet This!) “Don’t chase something that you’re not comfortable with because that’s when you get in trouble.” (Tweet This!) Connect with James Jame’s BiggerPockets Profile Jame’s LinkedIn Profile Jame’s Twitter Profile Jame’s Facebook Profile Jame’s Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you a real estate investor concerned with the potential of a shifting economy? These concerns are understandable, and today’s guest has some great techniques for both protecting your money and taking advantage of deals in any market! J Scott,... Learn more about your ad choices. Visit megaphone.fm/adchoices

Looking to find financial independence through real estate but don’t want to be responsible for a portfolio of 100 homes? Well, that’s exactly what today’s guest is doing! Jenny Bayless is a real estate investor in Colorado who is using long-distance investing principles to systematically build a portfolio of cash flowing properties using the BRRRR method! Jenny is absolutely crushing it by “making” deals in today’s tough market and shares what she looks for that other investors miss. Learn her system for targeting fixer-upper properties, how she estimates rehab costs, and the method her real estate agent uses to send her videos of potential properties so she doesn’t have to drive hours to see them. Jenny also shares how she uses hard money to buy “cash,” how she found a rockstar agent, and how she backed into an “accidental BRRRR” that led to future success! Today’s episode is equal parts inspirational and practical with TONS of actionable advice. If you want to retire early with real estate but don’t want the headache of managing 100 homes, don’t miss this show! In This Episode We Cover: Long-distance principles Jenny uses to invest near her market How Jenny uses the BRRRR strategy to systematically grow her portfolio Ways to chase financial freedom without a monstrous portfolio How she has an agent do her due diligence for her The strategy she uses to “make” deals in a today’s tough market Her opinion on how to use turnkey properties to get started investing Ways to start with fixer-upper properties to get great deals in a hot market How she uses hard money to buy “cash” deals How she estimates rehab costs before writing offers, Her “accidental” BRRRR story How she’s pursuing financial independence with only 10 homes! And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Biggerpockets’ Instagram Brandon’s Instagram BiggerPockets BRRRR Guide How BRRRR Increases Your ROI (And Why You Should Be Using It) BiggerPockets Calculators BiggerPockets Bookstore Quickbooks Online Cozy Property Manager Buildium Property Manager Appfolio Property Management Software Books Mentioned in this Show The Book on Estimating Rehab Costs by J. Scott The Book on Flipping Houses by J. Scott Long-Distance Real Estate Investing by David Greene Building Wealth One House at a Time by John Schaub The Book on Managing Rental Properties by Heather Turner and Brandon Turner Rich Dad’s Cashflow Quadrant by Robert Kiyosaki Tweetable Topics: “The worst that they can say is no.” (Tweet This!) “We all know what it’s like to have a job. We don’t all know what it’s like to run a business.” (Tweet This!) Connect with Jennifer Jennifer’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever considered flipping houses for cash but aren’t sure where to start? If so, today’s episode is perfect for you! Brandon and David interview Steven Pesavento, a long distance flipper who’s doing 75 deals a year. Steven shares several of his tips for success, including just what he does to keep his pipeline full of deals, how he follows up with qualified leads, and the strategy he used to get good at closing deals working for someone else! You’ll love Steven’s system for choosing the best market to flip in, how he systematically ramped up his business, and how he built a team from the ground up (including each team member’s job title and description)! This episode is chock full of specific, actionable advice that will apply to newbies and experienced pros alike. Download and listen today! How he finds his deals, where he is consistent and wins the long game, how he flips 75 houses a year, when to grit and when to quit, how to know when it’s time to ramp up your business, how to build and scale your business, the order in which you should hire, what makes up an all-star team, why repetitions are so important, and what to look for in a partner to help grow your business. In This Episode We Cover: Steven’s background and how he got into real estate Learning through modeling successful investors The very first deal (which was not that great) How he set his goals Knowing the right time to get serious Direct mail and other marketing methods that worked for him Partnering with great people From zero to 75 deals within two years Raising money from private investors Renting his personal home on Airbnb to pay the bills Living frugally to get the business running Not taking a paycheck until year two so he could invest in people and growth And SO much more! Links from the Show BiggerPockets Gift BiggerPockets Forums BiggerPockets Webinar BiggerPockets Jobs Tony Robbins’ Website BiggerPockets Podcast BiggerPockets Podcast 307: The Science Behind Setting and Achieving Big Goals BiggerPockets Hard Money Lenders Tony Robbin’s Events Amazon Books Mentioned in this Show 90 Days of Intention by Brandon Turner (Journal) Four Hour Workweek by Tim Ferriss The ONE Thing by Gary Keller Rich Dad Poor Dad by Robert Kiyosaki Never Split the Difference by Chris Voss Awaken the Giant Within by Tony Robbins Fire Round Questions Does anyone know of a way to finance a house where I could sell it in 3 months without hard money or cash? What kind of presentation do you use when trying to get funding for your flips? Any tips and tricks you use to ensure that you won’t go over budget during your rehab? How do I qualify for a loan to fix and flip houses without savings or good credit? Tweetable Topics: “It’s not about how I may get rich, but it’s about how am I going to learn everything that I possibly can.” (Tweet This!) “We’re not doing anything special, we’re just doing it.” (Tweet This!) “It’s a very simple business, but it’s not that easy.” (Tweet This!) Connect with Steven Steven’s BiggerPockets Profile Steven’s Company Website Steven’s Facebook Profile Steven’s Twitter Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Would your life be positively impacted by owning over 400 rental units? What if you could get there in under four years? On today’s show, we interview BiggerPockets contributor Sterling White, who has managed to do just that! Sterling shares how he started his entrepreneurial journey selling Pokemon cards and eventually worked his way up to owning over 150 single family properties (and several multifamilies as well). He also shares how he finds 90-100% of his properties OFF MARKET using a five-step system for finding and closing on them (so simple anyone can do it), as well as the script he uses when speaking directly to sellers. You don’t want to miss his powerful secret for building rapport with potential leads (by sending a specific puzzle to them in the mail) and how he raises money to close on these properties. If you want to scale your business and want the blueprint for how to do it, don’t miss this powerful episode! In This Episode We Cover: How Sterling got into real estate, working for free just to learn Negotiating equity: What is it? Why you possibly shouldn’t go the wholesaling route The benefit of focusing on your strengths How to work with your family and friends and branching out from there How he finds deals—cold call mixed with direct mail Why he sends Rubik’s cubes to prospects Tips for creating a network of investors by building a funnel What his team looks like And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Events Mentor Better Business Bureau BiggerPockets Blog BiggerPockets Facebook Profile BiggerPockets Podcast 061: How to Succeed in Multifamily Investing – A Unique Conversation with Josh, Brandon, and Ben BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman BiggerPockets Youtube Channel Upwork Fiverr ListSource Brandon’s Instagram David’s Instagram Books Mentioned in this Show 90 Days of Intention by Brandon Turner (Journal) Jab, Jab, Jab, Right Hook by Gary Vaynerchuk Multi-Family Millions by David Lindahl Lead the Field by Earl Nightingale Fire Round Questions Should you invest in a passive deal first or jump straight in to being a deal sponsor? What do you believe are the pros/cons or benefits/risks of investing in multifamily and residential rental properties? Can you wholesale multifamily properties? What expenses I should consider when analyzing an apartment complex? Does anyone have any creative ways to target owners of apartment complexes to try and complete a deal? Tweetable Topics: “You just have to train yourself to get past objections.” (Tweet This!) “Share your story to other people who are where you were.” (Tweet This!) “If you can’t negotiate the price, negotiate the terms.” (Tweet This!) “Everything is selling. Even when you’re buying, you still have to sell.” (Tweet This!) “We all have a short amount of time on this planet, so might as well go after your dreams and goals ultimately.” (Tweet This!) Connect with Sterling Sterling’s BiggerPockets Profile Sterling’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Raise your hand if this describes you: You start working toward a new goal with excitement, only to watch it eventually fizzle out to nothing. If you’re human, it’s likely you’ve experienced this phenomenon. Why is it some goals are just so hard to accomplish, whereas others we’re able to conquer with ease? On today’s episode of The BiggerPockets Podcast, that’s exactly what you’ll discover. Diving deep into psychological research on goals, motivation, and time management, Brandon and David will pull back the curtain on how people set and accomplish big goals and give you a GPS toward changing your life forever. If there is one episode you listen to all year, let it be this one! In This Episode We Cover: The real estate G.P.S. system GOAL Specific Difficult Feedback Commitment Training your reticular activating system Make sub goals Reward yourself for small wins PLAN Why humans need processes and steps Lead measures vs. leg measures Learn the L.A.P.S. system on finding deals Keystone habits SCHEDULE Schedule meet-ups Set the behavior, time, and location ACCOUNTABILITY Why you may want to join a group that meets weekly with clear structure And SO much more! Links from the Show GoBundance BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn BiggerPockets Calculators Realtor.com James Clear BiggerPockets Events Goals Research Summary (Graphs) Brandon’s Blog Posts StickK App Steph Curry Shoots ‘Til He Makes 500 3-Pointers Every Day: Here’s the Crucial Lesson That Teaches Us (Blog) Books Mentioned in this Show 90 Days of Intention by Brandon Turner (Journal) Handbook of Positive Psychology by CR Snyder & Shane J. Lopez 59 Seconds: Change Your Life in Under a Minute by Richard Wiseman The Miracle Morning by Hal Elrod Power of Habit by Charles Duhigg The Subtle Art of Not Giving a F*ck by Mark Mason Pitch Anything by Oren Klaff Tweetable Topics: “When people wrote down their goals, they were 33% more successful in achieving them.” (Tweet This!) “Subconscious is a powerful ally, but a terrible master.” (Tweet This!) “Every goal you desire is preceded by a process required to get the results.” (Tweet This!) Connect with Brandon and David Brandon’s Instagram David’s Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you looking to take your investing from casual to serious someday? Have you ever thought about what it would take to own thousands of units without having real estate run your life? Well, you’re in luck! On today’s show, we interview Monick Halm. Monick’s story will blow you away as she shares how she went from house hacking a duplex in L.A. to owning over one thousand units! Monick’s super simple system for finding others to partner with and invest in her deals has allowed her to scale without creating an overwhelming amount of work for herself. You’ll be amazed at Monick’s super simple formula for using the “three Cs” to find partners, her tips for raising private money naturally, and the effortless way she scales her investing. Do NOT miss her seven step criteria for choosing a new market and how to evaluate an area to find where it is in the market cycle (including which point you want to jump in at). Monick’s story is creative, encouraging, and inspiring to investors of all levels. Don’t miss out on this show filled with practical advice today! In This Episode We Cover: How Monick bought at worst time to get into real estate How she partnered on her first house with a friend and each lived in one side (unique and creative house hacking technique) How she met Robert Helms of the Real Estate Radio podcast and it changed her thinking Her “Three C” system for evaluating potential partners to work with: Character, Commitment, Capacity Her 7 criteria for choosing a market to invest in: Population growth, Job growth , Diversified economy, Landlord friendly, Business friendly, In the right part of the market cycle (rising market), Familiarity How she ramped up her business by getting into syndication Why finding “business friendly” markets will help ensure you have a healthy tenant pool The four stages to a market cycle (and which one you want to look for when deciding when to jump in) How she developed land to create an awesome RV park to satisfy a market with massive rental demand And SO much more! Links from the Show BiggerPockets Forums Become a Guest at the BiggerPockets Podcast The Real Estate Guys Radio Flip or Flop (TV Series) Secrets of Successful Syndication Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki Set for Life by Scott Trench Turning Pro by Steven Pressfield The War of Art by Steven Pressfield Fire Round Questions Where to start a syndication? When starting out what was the best way to find partners? Tweetable Topics: “Relationship is very crucial in real estate investing.” (Tweet This!) “Great talent does not cost you money; it makes you money.” (Tweet This!) “Definitely, we’d have not gone where we are now if we were doing this alone.” (Tweet This!) “Your network is your net worth.” (Tweet This!) Connect with Monick Monick’s BiggerPockets Profile Monick’s Personal Website VIP Assets Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you interested in retiring early with real estate but don’t want to manage hundreds of properties to do so? Today’s guest has managed to travel to 54 countries in the last three years after retiring in his 30s by owning just FIVE properties. Brad Dantonio shares exactly how he reached financial independence at such a young age by focusing on three unique skill sets (and how you can, too). In this episode, you’ll learn how Brad has created “time wealth,” how he tracks every expense he has, and how he achieved the equivalent of a four-year degree while sitting in Houston traffic! Brad also gives us the three tips he shares with young people (including how to take your journaling to a whole new level), how he forever changed his relationship to fear, and how learning the art of delaying gratification at a young age gave him an advantage over his competition for life! Brad has a fantastic story of overcoming adversity as a young child and using his setbacks as fuel to create the system he used to retire early and live the life of his dreams. If you want to use real estate to live your best life, this is an episode you don’t want to miss! In This Episode We Cover: How Brad got into real estate How he increased his income every year for 13 years because he was fanatical about self-development How journaling impacted his life The story of him selling his software to make money and using it to to buy houses How he ended up self studying about negotiation and sales His offensive and defensive techniques on living less and earning more The value of tracking expenses Why he thinks he’s wealthier than billionaires through the concept of time wealth And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Meetup and Events BiggerPockets Webinars My Fitness Pal My Body Tutor Toshl How Does it Feel to be Rich? (Blog) BiggerPockets Store MBA562 Guest Teacher: Brandon Turner- How to (Finally) Write a Wicked-Awesome Book in 100 Days or Less (Podcast Episode) A Simple 4-Step Process for Writing Your First Book in 100 Days (Blog) Connect with BiggerPockets Publishing SalesForce Amazon Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki Lifeonaire by Steve Cook & Shaun McCloskey Poor Charlie’s Almanack by Charles T. Munger How to Invest in Real Estate by Joshua Dorkin, Brandon Turner How to Win Friends & Influence People by Dale Carnegie 90 Days of Intention Journal by Brandon Turner The Richest Man in Babylon by George S. Clason Titan: The Life of John D. Rockefeller, Sr. by Ron Chernow Robert Greene’s Mastery The 48 Laws of Power by Robert Greene Shoe Dog by Phil Knight Fire Round Questions Has anyone compared the returns of a stock/bond portfolio against investing remotely in real estate If someone has the money to pay the mortgage in full, should they do it? or invest it? To MBA, or not to MBA? Would you buy a property with pending tenant evictions? Tweetable Topics: “Inspect what you expect.” (Tweet This!) “You can’t spend enough money on books.” (Tweet This!) Connect with Brad Brad’s Personal Website Brad’s Twitter Profile Brad’s Instagram Brad’s Facebook Page Learn more about your ad choices. Visit megaphone.fm/adchoices

If you’re looking to have your mind completely blown and walk away feeling like you can and WILL do anything, this show is for you! Today’s guest is inspirational figure, fitness model, and Vine sensation Nick Santonastasso.Nick shares his personal story and holds nothing back, describing how he’s overcome the difficulties of being born with Hanhart syndrome and the incredible mindset he’s developed along the way that led to him meeting Dwayne “The Rock” Johnson, becoming an online viral sensation (and scaring a character from The Walking Dead as a zombie), climbing a mountain despite the absence of three limbs, and more! Nick shares tons of actionable steps for overpowering fear, overcoming and adapting to any environment, harnessing the power of gratitude, and more than we can list here! If you’ve ever been stuck in a personal rut and want to find a way to establish a mindset that ALL real estate investors should be adopting, listen to this episode and share it with someone you love! In This Episode We Cover: Nick’s story and a life with Hanhart syndrome Changing your internal language The story behind the skateboard handstand The importance of having an authentic self The “must be nice” syndrome Thoughts on having a “massive footprint” Breaking down goals Modeling yourself on someone Gratitude and why it’s important Choosing empowering over disempowering thoughts And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinars David’s Instagram Brandon’s Instagram BiggerPocket’s Instagram Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki Victim to Victor by Nick Santonastasso Tweetable Topics: “The emotion of gratitude outweighs all emotions.” (Tweet This!) “Humans in general have the tendency to start with ‘cannot.'” (Tweet This!) “Everything in life is trial and error.” (Tweet This!) “The biggest disability you can have is a bad mindset.” (Tweet This!) Connect with Nick Nick’s Youtube Channel Nick’s Facebook Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you a little tired of hearing about all the “successes” of real estate investors and wondering how realistic this is in the real world? Well, on today’s show, Brandon and David share the 10 biggest mistakes they’ve made in their investing careers—warts and all! Let’s be honest—real estate isn’t all sunshine and rainbows. Mistakes happen! In this episode, we cover WHY investors often sabotage their own success and what can be done to overcome this! You’ll learn how to avoid massaging your numbers to force a bad deal through, how to guard against getting ripped off by contractors, how to hire the RIGHT team members to help you succeed, and how to fire the wrong ones! We also cover the high cost of analysis paralysis and how to move past it, how to choose the right market for yourself, and the mistake that cost David $5,000—simply because he didn’t understand how inspection periods work in different states. If you want to see the real story behind real estate investing, including the stuff that often isn’t talked about, don’t miss your chance for some authentic, honest transparency from two experienced investors! In This Episode We Cover: A discussion on waiting to start investing because you don’t feel you can do it yet The pros and cons of doing everything yourself The danger of working with the wrong people Stories of buying the wrong deal How to avoid not managing people correctly What can happen when you underestimate rehab costs Why you shouldn’t put too much down on a property The pitfalls of not doing enough market research Avoiding investing because your state is too expensive Not rehabbing correctly And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinars BiggerPockets Podcast BiggerPockets Contractors BiggerPockets Loans BiggerPockets Analysis Tools Biggerpockets File Place How to Buy Real Estate & Build Your Portfolio Fast! (“The Stack!”) Books Mentioned in this Show Ego is the Enemy by Ryan Holiday The Millionaire Real Estate Agent by Gary Keller The Book on Estimating Rehab Costs by J. Scott So Good They Can’t Ignore You by Cal Newport High Performance Habits by Brendon Burchard Fire Round Questions Is there a formula for budgeting for preventative maintenance and repairs. How long does it usually take you to get a unit rented out after purchasing? I am looking for advice and knowledge on how to go about getting into a second deal with all my funds tied up in this duplex currently What are your screening criteria that you use for weeding out bad deals when you’re looking to BRRRR? Tweetable Topics: “Thinking small is more expensive than failing big.” (Tweet This!) “Find an investor-friendly agent.” (Tweet This!) “Calculators don’t have egos.” (Tweet This!) “The wise investor understands equity equals safety.” (Tweet This!) “Define what you want and work for it until you get it.” (Tweet This!) Connect with Brandon and David Brandon’s Instagram Brandon’s BiggerPockets Profile David’s Instagram David’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever had an interest in house flipping but felt you needed help getting started? Today’s show covers that exact topic! Cory Nemoto is an extremely humble but successful house flipper in Hawaii who is CRUSHING the game. On today’s show, Cory shares his personal strategies for keeping his pipeline full of great deals, what techniques he uses to make a minimum of $100k on each deal, how he partners with new investors to make everyone money, and his brilliant tips for building relationships with those most likely to build his business. You do not want to miss Cory’s unique strategy for using “debt-quity” to get deals brought to him before anyone else! Cory has been so successful flipping houses in Hawaii that he’s moved his system to Seattle, where he’s crushing it there too—all using very simple methods built on relationships and creating win-win scenarios. If you’re looking for a can’t-miss way to build a profitable house flipping business, listen to this one! In This Episode We Cover: The two reasons you should NOT get into real estate investing Figuring out your big “why” Cory’s unique strategy for getting started  What exactly “debt-quity” is How he makes a MINIMUM of $100k on each flip The networking strategy Cory uses to keep his pipeline full Where he finds hungry, ambitious, and like-minded people to partner with and his brilliant strategy to connect with them And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinars BiggerPockets Events BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki The Book on Flipping Houses by J. Scott The Go-Giver by Bob Burg & John David Mann Fire Round Questions In your own experience, how or what have you done to find deals off-market? How are you finding your deals? Would it be better to buy higher end properties in good locations maybe? I am considering to invest a property either in Silicone Valley or Seattle area. What do you guys think? Anyone ever hold a “contractor” open house (so to speak)? How to source trustworthy contractors and inspectors? Tweetable Topics: “Even if the profit is small, it doesn’t mean it’s not a good deal.” (Tweet This!) “Every deal is different.” (Tweet This!) “If you’re in it for the money and the image, then you’re not going to make it.” (Tweet This!) Connect with Cory Cory’s BiggerPockets Profile Cory’s Website Cory’s Instagram Cory’s Facebook Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Looking to get started investing but don’t have millions of dollars and notice there’s not a lot of opportunity in your market? Well, this is the episode for you! Today’s guest is a long-distance investor who uses the BRRRR strategy to buy fixer-upper properties in other states, then refinances to use the money to buy more deals! Alex Felice shares his valuable insights on his criteria for analyzing deals, how he builds his out of state team, and why he’ll never look at a property in person! You won’t want to miss Alex’s strategies for overcoming the fear of investing long distance, as well as his plan for living broke on purpose and how he combines long-distance investing with the BRRRR method to build a portfolio that scales! Alex is a high-energy individual who is passionate about taking action and building the future he wants. Don’t miss your chance to learn from what he’s accomplished, and start making progress building your own portfolio now! In This Episode We Cover: Alexander’s back story and how he got into real estate Why live-in flip? His strategy of being broke on purpose How he learned about the BRRRR strategy Why he thinks being close to your property is a crutch The importance of “skills that scale”: networking and education How to complete a BRRRR in 8 weeks What delayed financing is How to know what a good deal looks like What “unicorn paralysis” is and how to avoid it His strategy in his own market How to think like an underwriter And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Landlord Forms Zillow Trulia How I Analyzed a Deal in 5 Minutes (& Bought it Before Anyone Else Could) (blog) The Secret to Unlocking Bank Financing The highest return on investment you can make – Best Investment Books(blog) Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Principles: Life and Work by Ray Dalio Sapiens: A Brief History of Humankind by Yuval Noah Harari Thinking, Fast and Slow by Daniel Khaneman Science in the Soul by Richard Dawkins The Demon Haunted World by Carl Sagan Factfulness by Hans Rosling Fire Round Questions Can someone explain BRRRR to me like I’m a second grader? What are some pro’s and con’s with buying investment properties out of state? I was just wondering, what questions should I ask potential real estate agents before I make them apart of my team? I am looking to purchase some property online sight unseen. Can you give me any tips for purchasing property like this? Do you focus on properties with little to no repairs? Tweetable Topics: “Live life broke and save a bunch of money.” (Tweet This!) “Being close to your property is a hindrance.” (Tweet This!) “The only point of the first deal is to get the second deal.” (Tweet This!) “As fast as you can, as slow as you need to, but don’t set your goals too small.” (Tweet This!) “You want to convince people that are better than you to deal with you.” (Tweet This!) Connect with Alexander Alexander’s BiggerPockets Profile Alexander’s Personal Blog Learn more about your ad choices. Visit megaphone.fm/adchoices

What is the best way to get started investing in real estate? The problem with this question is that there are SO many different pieces of advice. That’s why we’re excited to bring you one of the most unique episodes of the BiggerPockets Podcast we’ve ever had. In this episode, Josh Dorkin is back—and he and Brandon deliver a series of interviews with some of the past guests from the BiggerPockets Podcast, including David Greene, Kenyon Meadows, Andrew Cushman, Arianne Lemire, Darren Sager, Ryan Murdock, Tim Shiner, Anson Young, Zeona McIntyre, and Ben Leybovich. In This Episode We Cover: Why live and rent with Tim Shiner Darren Sager on what real estate investing strategy to focus on How to know if you’re ready with Ben Leybovich How Zeona McIntyre converts any kind of property into rentals Anson Young’s thoughts on when to tackle projects with grit and when to quit Why Kenyon Meadows thinks you should find an in-person mentor David Greene’s “one thing” How Arianne Lemire analyzes a deal each day Why Andrew Cushman focuses on process rather than outcome Ryan Murdock’s concept of cash reserves How to live-in flip with Mindy Jensen And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Store BiggerPockets Webinar BiggerPockets Events BiggerPockets Money Podcast Books Mentioned in this Show How to Invest in Real Estate by Josh Dorkin and Brandon Turner Investing in Real Estate with No or Low Money Down by Brandon Turner Set for Life by Scott Trench Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets Rich Dad Poor Dad by Robert T. Kiyosaki Long-Distance Real Estate Investing by David Greene Emerging Real Estate Markets by David Lindahl My Wife Hates Loves Rent Houses by Tim and Crystal Shiner Entrepreneurial Reflections by Jay Rodgers Hamburger America by George Motz Never Split the Difference by Chris Voss Exactly What to Say by Phil M. Jones How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson Way of the Peaceful Warrior by Dan Millman Finding and Funding Great Deals by Anson Young Grit: The Power of Passion and Perseverance by Angela Duckworth High Performance Habits by Brendon Burchard Alternative Financial Medicine by Kenyon Meadows M.D. Building Wealth One House at a Time by John Schaub The ONE Thing by Gary Keller Thinking in Bets by Annie Duke Living with a SEAL by Jesse Itzler Extreme Ownership by Jocko Willink So Good They Can’t Ignore You by Cal Newport Miracle Morning by Hal Elrod The 4-hour Workweek by Timothy Ferriss Richest Man in Babylon by George S. Clason How to Sell Your Home by Mindy Jensen Tweetable Topics: “I really don’t care that much if I’m negative or positive. My bigger thing is appreciation.” —Tim Shiner (Tweet This!) “You can’t do something until you are ready to do it.” —Ben Leybovich (Tweet This!) “Everything that we do has a process.” —Brandon Turner (Tweet This!) “You can go for an online course or YouTube videos, but you cannot replace that in-person mentor.” —Kenyon Meadows (Tweet This!) “Stop thinking that what you need is someone to hold your hand and walk you through this.” —David Greene (Tweet This!) “Daily, consistent action will lead to great results.” —Arianne Lemire (Tweet This!) “Focus on the process and not the outcome.” —Andrew Cushman (Tweet This!) “Failure is not a failure if you learn from it.” —Andrew Cushman (Tweet This!) Connect with the Guests (through BiggerPockets) Tim Shiner Darren Sager Ben Leybovich Zeona McIntyre Anson Young Kenyon Meadows David Greene Arianne Lemire Andrew Cushman Ryan Murdock Mindy Jensen Learn more about your ad choices. Visit megaphone.fm/adchoices

Would you like to invest in real estate but lack the capital? In this powerful episode of The BiggerPockets Podcast, Brandon and David dive deep into the topic to cover four unique strategies for building a real estate empire using other people’s... Learn more about your ad choices. Visit megaphone.fm/adchoices