Episodes
-
Is property “rezoning” the trick to making much more money in real estate? Our guest is using zoning laws to his favor by finding areas with hidden potential but NO space left to build. He then changes the zoning, builds new homes, and sells them FAST (and often over-asking price) to the local buyers waiting in line for inventory to arrive. You can do it, too, but you’ll need some beginner information before you start.
Since 2016, Stuart Udis has been building homes in areas most investors overlook. The average investor sees an area with growing demand but realizes that they can’t build a home because a piece of land may NOT allow residential units, so they give up. Stuart instead gets both the city AND the local residents on his side, having all parties favor a zoning change, helping him be the only investor to build on that once-overlooked piece of land.
So how do YOU do this, too? In this episode, Stuart walks through how he finds hidden opportunities in often-overlooked neighborhoods, the groups you’ll have to meet with before you try to change the zoning, and the types of units he’s building that give him the highest return on his money.
In This Episode We Cover:
Why “rezoning” property might be one of the most overlooked investing strategies
The big cash flow mistake that Stuart made earlier on in his investing career
The #1 reason you must look into school districts BEFORE buying in an area
Getting approval for rezoning from the city and the neighbors you MUST get on your side
How to tell exactly what a buyer/renter will want BEFORE you rezone/build
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Grab Henry’s New Book, “Real Estate Deal Maker”
Grab Dave’s Newest Book, “Start with Strategy”
Find an Investor-Friendly Agent in Your Area
Can You Build Wealth by Rezoning Your Property? Yes! Here’s How
Connect with Stuart
Connect with Henry
Connect with Dave
(00:00) Intro
(01:20) Buying $50K Houses!
(05:06) BIG Cash Flow Mistake
(09:05) Finding a Hidden Opportunity
(13:45) Changing “Zoning” to Meet Demand
(20:36) Getting Zoning Approval
(24:57) What Buyers/Renters Want
(26:37) Buying, Building, and Renovating Rentals
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1039
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
Real estate investing is great…sometimes. Other times, it’s NOT fun to be a real estate investor. While the pros, like financial freedom, generational wealth, and passive income definitely outweigh the cons, there are times when real estate investing makes you sit back and think, “Wow, I’m not having fun right now.” So we’re here to vent some of our biggest frustrations about the real estate industry, and if you’re an investor, landlord, house flipper, or property manager, you’ll probably relate.
These are the things that grind our gears the MOST. Now we’re not saying to ditch rental properties and real estate investing because of these downsides. Despite all these investment property pains, we still believe real estate is the best asset class for investing. But you will be hit with the headaches that we go through if you decide to invest.
The good news? We will give you actionable tips to avoid the worst of these throughout the episode. If you’re brand new to real estate investing or are thinking of buying your first property, this is advice you need to hear before you begin so you can make the most money with the least amount of stress.
In This Episode We Cover:
Why you really (really) don’t need to become an agent just to invest in real estate
Getting blinded by “exit strategies” and how it’ll cost you in the long run
How Henry learned to work with contractors so he doesn’t get scammed or ghosted
Why we’re begging you to stop doing “virtual staging” when selling a house
Etiquette for agents writing property descriptions (stop saying everything is “cozy”)
How to improve your relationship with your tenants so you both can enjoy your lives
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Grab Henry’s New Book, “Real Estate Deal Maker”
Property Manager Finder
How to Work With Contractors and Manage a Job Site as a Flipping Newbie
Connect with Henry
Connect with Dave
(00:00) Intro
(00:41) 1. Becoming an Agent Just to Invest
(04:58) 2. Bad/Slow Communication
(07:30) 3. Being Blinded by Exit Strategies
(12:30) 4. Unrealistic Expectations
(17:03) 5. Working with Contractors
(23:22) 6. Agent Property Descriptions
(25:07) 7. Virtual Staging
(30:47) 8. SO. MUCH. PAPERWORK.
(33:19) 9. Shady Wholesalers
(37:36) 10. Tenants vs. Landlords
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1038
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
Missing episodes?
-
Discounted real estate deals could be coming THIS winter as the housing market begins to “thaw.” Today, Dave is flying solo, bringing you a housing market update on all the crucial factors real estate investors are looking at—home prices, mortgage rates, housing supply, and rent prices. Even with home sales falling by a massive margin, home prices are still at all-time highs, and the housing market is “stuck,” but we could see some sellers taking price cuts this winter if you’re willing to take advantage.
Okay, but how can home prices still be THIS high when the total home sales are twenty percent lower than average and around fifty percent under the recent highs? It’s simple—affordability struggles. High rates, high prices, and “locked-in” homeowners staying in place keep the market frozen. So, why does Dave believe sellers will be more inclined to drop their prices this winter? Where does he believe interest rates will be by the end of the year? And what’s the one thing that could get the housing market “unstuck”?
In This Episode We Cover:
Why Dave believes real estate deals are coming THIS winter
Mortgage rate predictions and how low rates could go by the end of this year
Whether to buy now or wait for affordability to improve, prices to drop, and rates to fall
Why home prices are still rising EVEN with homebuyer demand plummeting
The MASSIVE drop in home sales since the pandemic boom and why prices have remained high
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Nearly A Quarter of Prospective First-Time Homebuyers are Holding Off Until After the Election: Redfin Survey
Grab Dave’s Book, “Real Estate by the Numbers”
Find an Investor-Friendly Agent in Your Area
The Fed Finally Cuts Rates, but Will It Even Matter?
Connect with Dave
(00:00) Intro
(00:50) Home Prices Are Changing
(04:57) The Deals Are Coming
(06:05) MASSIVE Decline in Home Sales
(11:12) So…Why Are Prices High?
(16:19) Mortgage Rate Forecast
(18:14) Buy Now or Wait?
(19:17) Rents Still Struggling
(21:56) Winter Opportunity
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1037
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
These two college teammates built a sizable real estate portfolio in just three years by using what they call the “delayed BRRRR strategy.” They’ve used this specific real estate investing tactic (and the regular BRRRR strategy) to turn one duplex into more than a dozen rental properties for their portfolio. They didn’t start with a ton of money and only got into investing together in 2021 when housing competition was high, and rates were soon to rise sharply. So, how does their strategy work, and how can YOU use it to buy more rental properties?
In this episode, these innovative investors, Joe Escamilla and Sam Farman, talk about why it’s CRUCIAL to have great real estate investing partners and how choosing the right one can be the rocket fuel you need to build a financial freedom-enabling rental property portfolio. They share the new “BRRRR” strategy (buy, rehab, rent, refinance, repeat) they’re using to get steady real estate cash flow AND boost their equity at the same time.
We’ll also talk about raising private capital and creating your own real estate syndication so you can buy more real estate using other people’s money and pass along the returns to your investors. Joe and Sam have built a real estate portfolio most investors can only dream of achieving, and they did it all in only three years, during high rates, and while working full-time jobs. Stick around to hear how you can do it, too!
In This Episode We Cover:
The new-and-improved “BRRRR” strategy that lets you “recycle” your money
Signs of a perfect real estate partner and why getting this right is CRUCIAL for growth
Cash-out refinancing to reinvest in real estate and grow your portfolio faster
Why you DON’T want to sit on the sidelines while rates are high and competition is low
Syndications and how to raise money for your next real estate deal
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Rich Dad Poor Dad
Grab the Book on the “BRRRR” Strategy
Find Investor-Friendly Lenders
The Beginner’s Guide to “Infinite Investing” with the BRRRR Method
Connect with Joe
Connect with Sam
Connect with Dave
(00:00) Intro
(01:26) The Perfect Partnership?
(03:59) First Duplex in 2021
(11:38) This Works WITH High Rates
(16:25) Using Other People’s Money
(23:33) The New 2025 “BRRRR” Strategy
(28:25) Who Does What?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1036
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
“Lake Effect” cash flow is starting to make landlords rich in this under-the-radar region of the United States. For the past few decades, mainstream real estate investing platforms have almost forgotten this region, and we’ve even overlooked it a few times. Here, landlords can buy affordable homes, make serious cash flow, and see significant investing advantages they can’t get in most other areas. Where are we talking about? Salt Lake? The Great Lakes? Lake Tahoe?
Welcome back to this week’s BiggerNews, where we’re discussing everyone’s favorite subject—cash flow (and a LOT of it). We brought Real Estate Rookie co-host Ashley Kehr, a predominantly cash-flow investor, to the show to share why her home region is finally getting the recognition it deserves for real estate investing.
If you want the residual income that will lead you to financial freedom and an early retirement, this is the region to look at. You can buy homes for a fraction of what they cost elsewhere, all while getting surprisingly high rent prices, leaving you with a serious supply of cash flow at the end of the month. We’re talking about the MOST affordable cities in this area, why the tech industry is moving in, and one crucial advantage that makes this market almost future-proof.
In This Episode We Cover:
“Lake Effect” cash flow and why it’s making landlords wealthy in this affordable area
The most affordable (and cash-flowing) markets in this under-the-radar region
Why more and more tech companies are moving into this overlooked area
Appreciation potential and the cities with cash flow AND rising home prices
The “booming” area that has serious infrastructure support for more jobs/businesses
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Get Banking Built for Landlords with Baselane
Ready to Start? Grab “The Book on Rental Property Investing”
Find an Investor-Friendly Agent in Your Area
Top 10 Real Estate Markets for Cash Flow in 2024
Real Estate Rookie Podcast
10 Deals on a $20K Waitress Salary With Ashley Hamilton
Connect with Ashley
Connect with Dave
(00:00) Intro
(03:22) Still SUPER Affordable
(08:32) Most Affordable Markets
(11:30) Tech Industry is Moving In
(14:57) Climate Resilience
(18:56) Under-the-Radar Markets?
(28:58) This Area is Booming
(32:18) Even More Advantages?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1035
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
“Should I refinance my home NOW or wait?” If you have bought a property in the past two years, every day looks like a better and better time to refinance your mortgage. After the Fed’s big rate cut last month, mortgage rates did the unexpected…they went UP. But, even with these slightly inflated rates, now is looking like a good time to refinance if you bought a home with a higher interest rate. So, should you take the risk of waiting for mortgage rates to drop or lock in these substantially lower rates now?
We don’t know what will happen next, so we brought on veteran lender Caeli Ridge to answer some of our more nuanced questions. Caeli summarizes where rates were, where they are today, and where they could be headed. If you want to know what refinance and HELOC (home equity line of credit) rates are right now, stay tuned because she shares exactly what her clients are getting.
What about paying no or low interest on your next HELOC? Caeli shares what may be the greatest HELOC hack we’ve ever heard of—one that gives you lots of liquidity while keeping your interest payments at the absolute rock bottom. You may have never heard of anything like it, so don’t miss this one!
In This Episode We Cover:
Where mortgage rates are right now for refinances and HELOCs
The HELOC hack that greatly minimizes your interest in your next equity line
Caeli’s interest rate forecast and where she thinks rates could be in the near future
When waiting to refinance could cost you, and whether rates may go UP again
The metrics that influence where mortgage rates will go next (what to pay attention to)
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Wall Street wants a strong economy. It also wants Fed rate cuts. The two aren’t necessarily compatible
Invest in Turnkey Properties with REI Nation
Grab Dave’s Book, “Real Estate by the Numbers”
Find Investor-Friendly Lenders
With Mortgage Rates Falling, When Should Investors Refinance?
Connect with Caeli
Connect with Dave
(00:00) Intro
(01:52) Interest Rate Update
(06:34) Why Rates Went UP
(11:59) Should You Refinance?
(18:17) Current Refi Rates
(19:37) Best HELOC Hack
(29:01) Interest Rate Forecast
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1034
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
What if you could not only replace but make MUCH more than your W2 salary with real estate investing? Now, imagine you could do it all in just two years. Sounds impossible, right? Today’s guest did precisely that, with more barriers than most. Jon Boyd left his W2 job to pursue real estate investing full-time, all while having to provide for his family of six! Now, he’s making much more than his job ever paid him and is building serious wealth in the process. How’s he doing it? It’s simple: direct-to-seller strategies anyone can try.
Unlike many real estate investors, Jon skipped heavily investing during the 2010s, so his wealth is NOT due to the rapid appreciation of 2020 - 2023. As his W2 whittled him down day by day, Jon knew he needed an exit option. So, he tried one simple direct-to-seller marketing strategy, found a great deal, made a serious profit, and decided, “Let’s go ALL-IN!”
Now, just a few years later, he’s a full-time real estate investor, doing over a dozen house flips in a year, with a portfolio of five rental properties, and making MUCH more than his job was paying. The best part? He does almost all of it himself, and if you’re willing to push past your comfort zone, you can, too!
In This Episode We Cover:
The one direct-to-seller marketing strategy Jon uses to find off-market, undervalued deals
How to plan your financial safety nets when quitting your job for real estate
How to talk to a potential seller so they feel comfortable giving you the deal
The one thing you should do before you quit your job (or you’ll regret it!)
How Jon does over a dozen house flips a year with ZERO employees
An unbelievably creative seller finance deal that most investors would never think of
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Grab Henry’s New Book, “Real Estate Deal Maker”
Find Investor-Friendly Lenders
10 Steps to Kickstart a Winning Direct Mail Campaign
Connect with Jon
Connect with Henry
Connect with Dave
(00:00) Intro
(01:09) Given Golden Advice Early
(03:43) Quitting His W2 Job
(08:54) Taking a Big Risk
(12:21) Looking for Off-Market Deals
(16:10) Profit on Direct Mail
(19:09) How to Talk to Sellers
(22:56) Jon's Current Portfolio & Business
(24:24) Doing 12-14 Flips by HIMSELF!
(28:28) Most Creative Real Estate Deal Ever?
(31:49) Can Anyone Do This?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1033
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
Are there “clues” that point to phenomenal real estate investing areas? We mean the areas nobody knew about until it was too late. The neighborhoods that seem to jump in price overnight, and everyone ends up saying, “I should have bought there when I had the chance!” What if there was a way to easily identify WHICH areas are in the “path of progress” and could make you serious wealth IF you buy today? We brought in an expert with two decades of experience picking these markets.
James Dainard is a rental property investor, house flipper, private money lender, and every other role you can think of in real estate. He’s been investing primarily in one market for his entire career: Seattle, Washington. But, even though he’s sticking to this specific market, he’s diversified by having investments all around the entire metro area, even in places most people wouldn’t DARE to buy in.
Today, he’s sharing his secrets, showcasing precisely what he looks at to identify these hidden but growing real estate areas WITHIN a market. We’ll discuss whether you should focus on the deal or the neighborhood first, “clues” that point to a solid investing area, why zoning will become your wealth-building best friend, and how to identify markets with solid cash flow or appreciation.
In This Episode We Cover:
The “clues” that point to a rising real estate area most people DON’T know about yet
Whether to choose a neighborhood FIRST or evaluate a deal based on its neighborhood
The magic of “upzoning” and how James uses this to boost his portfolio’s worth
The “path of progress” that will have your home value rising FAR faster than others
What to be cautious of when investing in a new area (these could ruin your real estate deal)
Data sources you can use right now to pinpoint exactly where to buy
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Grab James’ New Book, “The House Flipping Framework”
Find an Investor-Friendly Agent in Your Area
Is That Neighborhood Up-and-Coming? Here’s How to Tell
Connect with James
Connect with Dave
(00:00) Intro
(02:35) Neighborhood or Deal First?
(06:51) “Clues” of a Great Neighborhood
(13:14) This is CRUCIAL
(19:57) The Path of Progress
(25:41) Stay Away from This
(31:44) Do This FIRST
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1032
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
Want to invest in real estate but feel like you don’t have everything it takes? You know you need money for a down payment, skills to manage tenants/perform renovations, and time to find the deals in the first place. But what if you only have one of these? Can you still invest in real estate even without the missing pieces? Today, we’re going to show you how to do just that, no matter how much time, money, or real estate experience you’ve got.
We’re walking through three scenarios with three different investors: Dave Meyer (who had no money/experience), Devon Kennard (who had money but no time/experience), and Tyler Madden (who had skills but limited time/money). Each of these investors was able to build a successful real estate portfolio, all while either being time-stretched, money-stretched, or not knowing how to swing a hammer. They’re sharing the secrets to hiring out/building the other skills so you CAN take down real estate deals, no matter what you’re working with.
If you can combine all the pieces of this “resource triangle,” you have FAR higher chances of succeeding in real estate investing and reaching financial freedom. If you’re a rookie with no real estate to your name, worry not—we’re teaching you what you need to know in today’s episode.
In This Episode We Cover:
The “resource triangle” investing theory and the three things you need to succeed (YOU don’t need all three!)
The most overrated skills in real estate that you can survive without
Building a team and hiring out/outsourcing the resources that you lack
How to start investing if you ONLY have time, money, OR real estate experience
Crucial skills that we WISH we had (you can make a LOT more money with these)
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Invest in Turnkey Rentals with Rent to Retirement or text “REI” to 33777
Grab the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) Book
Find an Investor-Friendly Agent in Your Area
Mastering These 2 Skills Is Critical to Success in Real Estate Investing
Connect with Devon
Connect with Tyler
Connect with Dave
(00:00) Intro
(04:54) Got Skills, But No Time/Money?
(11:51) Got Money, But No Time/Skills?
(18:24) Got Time, But No Money/Skills?
(20:23) Getting Your First Deal Done
(39:51) Building Valuable Skills
(37:18) Most Crucial (and Overrated) Skills
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1030
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
What’s the best way to build wealth in 2024? For many, it’s “value-add” real estate investing. You might know what this is, but you may have never heard the term before. Value-add investing is when you buy investment properties, improve them, increase the cash flow, equity, or both, and reap the rewards by holding onto them as rentals or flipping them for quick cash. Today’s investor, Tom Shallcross, is doing just this, but he’s making BIG returns (six figures on flips!) and funneling those profits into his sizable rental portfolio. And he’s doing it all in 2024.
We know that everyone has told you how impossible it is to invest in real estate in 2024, but Tom instantly proves the naysayers wrong. Not only is he flipping houses, but he’s also buying rentals, BRRRRing (buy, rehab, rent, refinance, repeat), and doing it all in a competitive market—Chicago! So what’s he doing differently?
Tom gets the deals before the rest of the investors in his area can, takes on BIG house flips that most investors are too scared to, and constantly reinvests the profits into more real estate. He’s been doing it since 2016 and is STILL finding success in today’s market. How’s he getting the best deals sent to him? How’s he making such large profit margins? We’re uncovering his exact strategy and method in today’s episode.
In This Episode We Cover:
“Value-add” real estate investing explained and why it still works in 2024
Knowing your neighborhood “class” and why Tom switched from C to A
How Tom is making six-figure profits on house flips even in today’s market
Real estate partnerships and the skillsets you need to build a profitable flipping/rental/rehab business
How to get real estate agents to send you properties BEFORE they hit the market
Using short-term projects (flips!) to fund your rental property portfolio
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Find an Investor-Friendly Agent in Your Area
The “Value-Add” Playbook: How to Boost Equity and Bring in MORE Cash Flow
Connect with Tom
Connect with Dave
(00:00) Intro
(02:11) "Accidentally" Investing
(06:46) Getting Started in Cheap Neighborhoods
(09:47) Switching to A-Class Investments
(11:59) Finding Deals Before The Rest
(18:02) Current Flip Profits + Costs
(26:30) Boosting Your Rental's Income
(32:24) What's Next?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1030
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
Real estate “boomtowns” present a massive opportunity to investors in 2024. A few years ago, buyers were fighting tooth and nail to purchase properties in Austin, Boise, Phoenix, and other red-hot markets. Demand was growing in these cities, and prices were shooting up with no end in sight. But then…it stopped. Prices started declining, vacancy rose, and investors were stuck holding onto properties now worth less than what they paid. The interesting part? These market declines might be only temporary, and those who don’t buy now could be kicking themselves a few years down the road.
To give us insight into which boomtowns are worth buying in and which are worth ignoring is Matt Faircloth, multifamily real estate investor. He saw many investors rush to these real estate boomtowns during the peak and are now struggling to fill their rental units as the boom became a bust. He’s identified a sneaky strategy that allows you to buy properties at a discount in these markets to make money while the FOMO investors search for an exit option.
We’ll talk about the cities with the most hype, the ones worth investing in, the future boomtowns that most are ignoring, and the massive opportunity of “economic spillover” that could lead you to markets with the best future potential.
In This Episode We Cover:
The future “boomtowns” that most investors have no clue about (get in early)
How boomtowns form and what to look at to tell if one is worth investing in
When is it too late to invest in a growing city (metrics to check before buying)
The secondary markets with “economic spillover” boasting huge opportunity
The sneaky move Matt is using to buy boomtown properties at a discount
What to do if you bought in a boomtown that is already declining
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Grab Matt’s Book, “Raising Private Capital”
Find an Investor-Friendly Agent in Your Area
Corporate HQ Relocations Could Signal the Next Real Estate Boomtowns
Connect with Matt
Connect with Dave
(00:00) Intro
(02:39) Real Estate "Boomtowns"
(06:07) How "Boomtowns" Form
(09:44) Cities with the Most Hype
(12:11) Hyped vs. Solid Housing Markets
(16:33) When Is It Too Late to Get In?
(20:41) HUGE Opportunity for Investors
(29:26) What “Boomtown” Investors Should Do
(35:15) Upcoming Boomtowns
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1029
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
Want to know how to invest $50K in real estate? We’re going to show you exactly how to do it, EVEN in 2024. You can use any of the four strategies we share to start investing in real estate with $50K or less, and you don’t need previous real estate investing experience to try them out. Some of these strategies are best for those who already own a home or are willing to invest out-of-state. But even if you want to stay in your area while investing in real estate, we have an option for you!
Okay, so you’ve got $50K (or less) that you’ve saved up for your first real estate deal. Do you immediately start investing? NO. There are a few quick things that you need to do first (don’t worry, they’re free) before you can make your first real estate investment. Following these steps will help you make MUCH better choices on your next investment property and will let you sleep at night if/when things go wrong.
After that, you can choose any of the four beginner strategies to start investing in real estate (we’re not just talking house hacking!). We even share an expert tip about some of the best markets to get into as a beginner with solid demand and lower home prices, allowing you to invest if you’re getting priced out (or have too much competition) in the bigger cities!
In This Episode We Cover:
How (and where) to invest $50K in the 2024 housing market
What you MUST do before you make your first real estate investment
A tax-free way for homeowners to build wealth with properties they already own
The solid rental markets that have cheap home prices
Why you DON’T have to do it alone, and how to increase your investing budget
The one tried-and-true best beginner investment almost every expert agrees on
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Buy Box Resource
Real Estate Rookie Podcast
Real Estate Rookie YouTube Channel
Get Free Property Management Software for Landlords with Hemlane
Grab Ashley’s Book, “Real Estate Partnerships”
Find an Investor-Friendly Agent in Your Area
See Ashley and Dave at BPCON2024 in Cancun!
Why Your Small Town Is (Probably) the Best Place to Buy Rentals
Connect with Ashley
Connect with Dave
(00:00) Intro
(02:50) Can You Start with $50K?
(07:44) What to Do BEFORE You Invest
(13:02) 1. Add Value to Your Home
(19:10) 2. Buy a $160K Rental Property
(25:05) 3. Get a Money Partner
(32:21) 4. House Hacking
(34:47) DON'T Overlook These Markets
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1028
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
After a strong case of “mommy guilt” working as an assistant principal, pregnant with her second child, Deba Douglas knew she needed a way out of the rat race. A run-in with Rich Dad Poor Dad prompted her to begin saving so she could start buying rental properties. She called her lender, found a property, and spent her and her husband's entire savings on the down payment. Little did she know that this one decision would set her life’s course in an entirely different direction.
Now, just seven years after first looking into real estate investing, Deba has thirty rental properties and doesn’t work at her W2 anymore! How did she do it so fast, especially with kids to care for, bills to pay, and no prior experience in real estate investing? One BAD piece of beginner advice could have thrown her entire investing career off track, but she quickly learned from her mistake and leveled up at light speed!
Deba is sharing how she went from real estate investing zero to hero, doing everything from BRRRR (buy, rehab, rent, refinance, repeat) investing, building new construction rental properties, flipping houses, and becoming an agent herself to help other investors. Want to escape the nine-to-five grind and get on the fast track to financial freedom? Do it all like Deba!
In This Episode We Cover:
The one critical mistake Deba made on her second deal that could have cost her severely
The truth about becoming a real estate agent (and why it isn’t as easy as you think)
Regular realtors vs. investor-friendly realtors (you CANNOT mix them up!)
When it’s time to quit your job and become a full-time real estate investor
Why Deba is still buying in a market that is seeing price declines in 2024
The massive benefits of new construction rental properties (and why they make sense in 2024)
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Grab the Book, “Rich Dad Poor Dad”
Find an Investor-Friendly Agent in Your Area
See Dave at BPCON2024 in Cancun!
Do You NEED an "Investor-Friendly" Agent?
Connect with Deba
Connect with Dave
(00:00) Intro
(02:00) Chasing Financial Freedom
(05:16) First Property, Then BIG Mistake
(14:16) Did It Work Out?
(15:59) Quitting Her Job
(20:53) Investing and Selling Homes
(23:06) Deba's Portfolio
(24:18) Building New and BRRRRing
(26:50) Investing in a Declining Market
(33:38) Goals and Best Beginner Investment
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1027
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
For years, we’ve been told that lower mortgage rates could reignite homebuyer demand and help improve affordability so first-time homebuyers (or even rookie landlords) can finally buy their first property. But, with mortgage interest rates lowering right before our eyes, we’re noticing something peculiar—affordability isn’t improving. Home prices are staying stagnant, if not rising. Thanks to America’s “golden handcuffs,” we’re still in a housing market standoff, but there might be some solutions to fix it.
We’re bringing on The New York Times’ Rukmini Callimachi, a real estate correspondent, to shed light on the vast affordability crisis affecting America. With homes “unmanageably expensive,” regardless of whether you’re renting or buying, we need solutions that don’t just spark up demand (like lowering mortgage rates). There’s one glaring problem plaguing the property market, but why won’t anybody fix it?
Today, we're cracking this discussion wide open, speaking on the solutions that could ACTUALLY increase affordability in the future, the rising homelessness problem affecting working Americans and students, and how NIMBYism (not in my backyard) could be forcefully put to stop as communities struggle to build enough housing. If you want to get in (or get back in) the real estate game, whether as an investor, house hacker, or first-time homebuyer, these solutions could directly affect you!
In This Episode We Cover:
Housing inventory update and the “golden handcuffs” keeping housing constrained
Why homebuyers are stuck and the magic interest rate that could unlock demand
The root of our housing problems and what we must do NOW to fix it
Growing homelessness (even among working adults) and why housing costs have gotten too high
Modular home building and how this new type of construction could change the housing market forever
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
On the Market
Grab Dave’s Book, “Real Estate by the Numbers”
Find Investor-Friendly Lenders
See Dave at BPCON2024 in Cancun!
Cheaper, Faster, and Better for Investors: Modular Homes Make a Comeback
Read More from Rukmini
Interest Rates Have Dropped, but Homeowners Are Not Moving
Connect with Dave
00:00 Intro
02:35 America’s “Golden Handcuffs”
06:52 Homebuyers Are Stuck
11:30 Affordability Solutions
23:55 Growing Homelessness
26:14 Construction MUST Change
29:56 Let’s Get DENSE
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1026
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
Can you make the same returns as active real estate (if not more) with “passive” real estate investing? What if you’ve got a busy day job, hobbies you want to pursue, or don’t have the landlording drive to build a rental property portfolio? Well, passive income investing might be just what you need. How do you know you’re the right fit for it, and what kind of real estate investments are the most passive? We’re giving you what you need to get started.
We’ve got two active and passive real estate investors, Devon Kennard (former NFL player!) and Kathy Fettke, on the show to break down the differences between active and passive real estate investing. We’ll discuss who should invest in each type and whether it’s worth it to stay at your job and invest passively on the side. Plus, we’re all sharing our favorite active and passive investments that we’re putting our money into today.
But how much of a return can you make when you’re investing passively, doing less of the work? We’re giving you real return numbers from some of our passive income sources so you can know what to expect when putting your money to work.
In This Episode We Cover:
Active vs. passive real estate investing and which one YOU should choose
How much you can make with passive investing and the returns we’re getting
Why you may NOT want to quit your job to go into real estate (you can STILL invest)
Real estate note investing and why Devon is going all-in on this active/passive investment
Why new real estate investors should NOT be passively investing…yet
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
On the Market Podcast
PassivePockets Podcast
Scaling Smart
Start with Strategy
Try Baselane, the One Platform for All Your Property Banking & Finances
Pre-Order Devon’s New Book, "Real Estate Side Hustle"
Property Manager Finder
See Dave, Devon, and Kathy at BPCON2024 in Cancun!
What Is Passive Real Estate Investing And Is It Right For You?
Connect with Devon
Connect with Kathy
Connect with Dave
(00:00) Intro
(03:18) Active vs. Passive Investing
(09:13) Who Should Passively Invest?
(14:45) Better Returns with Passive Investing?
(19:20) Who Should Actively Invest?
(25:42) Real Estate Note Investing
(28:59) Best Active and Passive Investments
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1025
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
Mike Baum owns just one rental property, but this one property alone has changed his life. It’s allowed him to become such an investing expert that he’s constantly being asked for his opinion on the BiggerPockets forums, and he provides some of the most well-thought-out investing advice on the internet. So why does he have just one rental property, and why doesn’t he grow using his expertise? The answer isn’t that obvious.
You wouldn’t know it, but Mike is permanently disabled. After overworking so hard that he ended up losing his vision, he was placed on disability for the rest of his working career. This high achiever was forced to slow down and find something else that could replace his day job. Shortly after his diagnosis, he found BiggerPockets and turned a family vacation home into a short-term rental.
Now, he’s got systems and processes that help him self-manage with very few headaches, and he will probably keep this property as his one and only rental for life. Why didn’t he “FOMO” in when everyone was gobbling up real estate in 2020? Why didn’t he grow his portfolio to become the next tycoon? Mike has some clear answers for why he did what he did, and after listening to him, you might change what you want, too.
In This Episode We Cover:
Why you DON’T need a large real estate portfolio to find financial success when investing
Why Mike tells beginner investors that they should NOT buy a short-term rental property
The systems and processes Mike made to automate his vacation rental self-management (so he works less!)
One thing you should do NOW before you start investing in real estate (it’s free!)
The real result of “FOMO” investing and how to stop shiny object syndrome from blowing you off course
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Short-Term Rental & Airbnb Investing Forum
Ask Your Question on the BiggerPockets Forums
Grab the Book, “Short-Term Rental, Long-Term Wealth”
Find an Investor-Friendly Agent in Your Area
See Dave at BPCON2024 in Cancun!
Investing in Short-Term Rental Properties: A Beginner’s Guide & How to Get Started
Connect with Mike
Connect with Dave
(00:00) Intro
(02:34) Losing Sight After Overworking
(05:24) Empty Lake House?
(08:52) Managing a Vacation Rental
(12:20) Know This BEFORE You Buy
(17:17) Just ONE Property
(20:56) No-FOMO Investing
(26:21) A “Very Interesting” 2025
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1024
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
Cash flow is hard to find in 2024, but these real estate markets have plenty of it. Since so many previously “cash-flowing” markets have seen rising prices, higher expenses, and limited housing inventory, we went back to the drawing board to reevaluate which markets in the United States offer the most cash flow potential. Today, we share these markets and hone in on two specific ones with real-life on-market examples to prove that cash flow is still possible.
But before we get into that, we’re sharing the cash flow formula even beginners can use to quickly calculate whether a rental property will cash flow. Then, we describe what type of cash-on-cash return WE target in today’s market and list some of the most cash-flowing markets of 2024.
Want to see real cash-flowing rental property examples? We’re hopping over to BiggerPockets Deal Finder as we quickly analyze two separate rental properties in two cash-flowing markets to prove that these properties do sport some serious cash flow. Don’t believe us? Head over to BiggerPockets Market Finder, where you can see the nation’s top rent-to-price investing areas (that’s where the cash flow is!).
In This Episode We Cover:
Two cities that have cash-flowing rental properties for sale RIGHT NOW
Precisely how to calculate cash flow for rental properties (and why most investors do this wrong)
The optimal cash-on-cash return we target that properties must meet before we bid on them
The 1% rule explained and whether or not it’s still worth using in 2024
When to sell a cash-flowing rental, even if it’s making you mailbox money every month
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
On the Market
BiggerPockets YouTube
BiggerPockets Real Estate Investment Calculators
Try BiggerPockets Deal Finder
Learn All the Rental Property Formulas with “Real Estate by the Numbers”
Find an Investor-Friendly Agent in Your Area
See Dave and Henry at BPCON2024 in Cancun!
Top 10 Real Estate Markets for Cash Flow in 2024
Connect with Henry
Connect with Dave
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1023
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
Struggling to pick what to invest in, especially when real estate prices and mortgage rates are still so high? Many investors are sitting on the sidelines, saving cash for their first or next investment property, but nothing seems to work out. So what do you do, keep your money socked away or invest in other assets that aren’t real estate while waiting for the right time to pull the trigger? We know many of you are in this position, so today, we’re sharing what we’re investing in that ISN’T real estate.
This may be a surprise, but even some of the most well-known investors in the BiggerPockets universe aren’t 100% in real estate. Dave Meyer, Brian Burke, and Mindy Jensen all don’t have even half of their net worths in real estate investments. As such respected real estate investors, what else are they putting their money into that ISN’T more rental properties?
In this episode, you get to peek into our investment accounts as we share exactly what we’ve been investing in, how we diversify our investment portfolios, and the “riskier” assets we put our money into that you may not even know exist. So, if you’re struggling to buy real estate or just don’t think investment properties are for you, worry not; you can still build wealth without purchasing a property.
In This Episode We Cover:
Alternatives to real estate investing that we’re investing in NOW
Diversifying your investment portfolio and why you SHOULDN’T hold just one type of asset
The “riskier” investments that we’re making and how much money we allocate for them
De-risking your portfolio by buying safer, passive, less volatile assets
What beginners should do to build wealth even with a small(er) amount of money
Whether to continue waiting on the sidelines or start investing NOW
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
BiggerPockets Money Podcast
On the Market
Get Banking Built for Landlords with Baselane
Invest Passively with Brian’s Book, “The Hands-Off Investor”
Find an Investor-Friendly Agent in Your Area
See Dave and Mindy at BPCON2024 in Cancun!
Real Estate Isn’t Enough—Here’s How Three Pro Investors Diversify Their Portfolios
Connect with Brian
Connect with Mindy
Connect with Dave
(00:00) Intro
(03:16) How Much Real Estate We Own
(06:33) Allocating Your Cash
(11:17) "Riskier" Investments
(18:40) What Beginners Should Do
(27:51) Diversifying Your Real Estate
(35:32) Wait to Buy?
(38:49) What We WANT to Invest In
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1022
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
“Glamping” investments have slowly become massive money-makers in the real estate industry. What used to be someone setting up a tent and potentially a portable toilet for guests looking to get into nature has now become a full-blown luxury business that travelers will pay good money to get a taste of. One large glamping property allowed today’s investor, Garrett Brown, to replace his music producer job and reach levels of success most short-term rental investors can only dream of.
Garrett owns a ten-acre piece of land in a lake town outside Houston, Texas. Even though many non-Texans won’t be familiar with the area, local travelers flock to it to escape the big city. Since buying the property, Garrett has made some serious expansions, such as building cabins (and even geo-domes) with WiFi, running water, and the creature comforts many of us don’t want to live without.
Plus, Garrett is doing it all while getting most of his bookings directly from social media. That’s right, he has (mostly) cut out Airbnb and other middlemen booking platforms, so he keeps much more of the profit and even gets his guests to upgrade with “add-on packages” that make the deal even sweeter. You can do it, too, but you’ll need to hear how Garrett does it in this episode!
In This Episode We Cover:
Why “glamping” has become such a popular (and profitable) version of short-term rental investing
The “sixty-thirty-ten” rule that helps you identify the best areas for short-term rentals
Leaving your career to build income streams that don’t take up all of your time
How to get seventy to eighty percent of your guest bookings through direct booking
Why you should offer your guests “add-on packages” that help make YOU more revenue
The reason you should “start small” when building out your glamping sites
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Put Your Vacation Rental on Autopilot with Hospitable
Grab the Book, "Short-Term Rental, Long-Term Wealth"
Find an Investor-Friendly Agent in Your Area
See Dave and Garrett at BPCON2024 in Cancun!
Investing in Short-Term Rental Properties: A Beginner’s Guide & How to Get Started
Connect with Garrett
Connect with Dave
(00:00) Intro
(01:49) Music Producer to…Real Estate?
(08:50) His First House Flip
(11:50) Switching to Short-Term Rentals
(18:11) Buying 10 Acres and Building Cabins
(23:57) Can Anyone Do This?
(30:21) Getting Guests Through Social Media
(34:33) Start Small!
(36:31) Learn from Garrett!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1021
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
Rent prices have come down to earth after their meteoric growth of 2020 - 2022, but what will they do in 2025? Will we continue to see slow (or no) rent price growth, or could lower interest rates push more households to form and demand to jump? With so much multifamily housing supply and the Fed’s recent rate cut decision, we’ve got a lot to unpack on this BiggerNews episode. Thankfully, we have Apartment List’s Chief Economist, Igor Popov, to help us.
We’re talking about rent prices: where they are, where they’re going, and what’s impacting them in 2024 (and into 2025). Unsurprisingly, we’ve got a lot of multifamily supply—apartments are giving huge concessions to lease up. But what if we told you we were oversupplied AND undersupplied at the same time, and in a few years' time, demand could heat up again?
Igor gives a rare 2025 rental market forecast, his take on what’s impacting rent growth, and whether the “oversupply” of multifamily is hurting single-family rental investors’ chances to get higher rents.
In This Episode We Cover:
A 2025 rental market forecast and whether we’ll see rents grow, decline, or flatten next year
The areas where all the rental money is moving to (things have REALLY changed)
More renter control as the oversupplied multifamily market searches for tenants
Why the housing market is currently in a dangerous flood-drought combination
Will sluggish multifamily rent prices push single-family rents down with them?
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Apartment List Research
Invest in Turnkey Properties with REI Nation
Grab Dave’s Newest Book, “Start with Strategy”
Find an Investor-Friendly Agent in Your Area
See Dave at BPCON2024 in Cancun!
What Happens to Rent Prices When 1,000,000 New Units Come Online in 2024?
Connect with Dave
(00:00) Intro
(03:55) Anything But “Normal” Rent Prices
(08:54) Money is in Suburbs
(12:59) More Renter Control
(17:00) Multifamily vs. Single-Family Rents
(18:09) Lots of Supply, Not Enough Supply
(23:08) 2025 Rent Prediction
(25:52) Learn More from Igor!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1020
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices - Show more
