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BiggerPockets Real Estate Podcast
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Description
On the BiggerPockets Real Estate Podcast, co-hosts David Greene and Rob Abasolo interview real estate investors and entrepreneurs about successes, failures, and hard-earned lessons. Through in-depth conversations, 1-on-1 listener coaching calls, and news analysis, you’ll get a breakdown of real strategies that work for different niches and experience levels. Tune into the #1 real estate investing podcast every Monday, Wednesday, and Friday.
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A bad contractor could not only ruin your home renovation but cost you tens if not hundreds of thousands of dollars. Don’t believe us? Just ask Rico to the Rescue’s Rico León. Rico has spent years cleaning up contractor mistakes, making homeowners feel whole again after getting ripped off, lied to, and scammed by who they thought were reputable contractors. As a contractor himself, Rico knows the red flags to spot right away to tell if a contractor will take your money and run, and he’s sharing them with us today!
This episode is crucial for ANYONE who owns a home, is looking to renovate one, or is just getting started in real estate investing. Home renovations can make or break your career as a real estate investor, so knowing who can get the job done is a skill that can’t be overlooked. Rico breaks down the common problems inexperienced contractors run into, the Ponzi scheme of payments to look out for, how to create a contractor contract so you protect yourself, and the mistakes you can prevent BEFORE you hire a contractor.
Plus, we’ll get into the not-so-obvious red flags that only an experienced contractor will notice, what you need to check before you hire a contractor, the milestones to set up so you don’t get ripped off, and the conversation you must have with ANY contractor before work begins. Finally, Rico leaves us with four tips to help even the most inexperienced homeowner hire the right contractor.
In This Episode We Cover:
Red flags that point to a shady contractor who has their eyes on your wallet
Writing your contractor contract so you stay legally protected during a renovation
Why you never (EVER!) pay upfront for a home renovation
What you MUST check before you hire a contractor to ensure they’re legit
The common contractor Ponzi scheme that is slowly being targeted by local governments
Expert-tested tips to hire the right contractor for your first home renovation
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Hear Henry and James On the “On the Market” Podcast
Henry's BiggerPockets Profile
Henry's Instagram
James' BiggerPockets Profile
James' Instagram
Watch "Rico to the Rescue" On HGTV
Catch Rico On the Other HGTV Shows:
Battle on the Mountain
House Hunters: All Stars
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-916
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Tune into The DealMachine Real Estate Investing Podcast for more episodes just like this!
Want to take down off-market real estate deals? You know, the properties you can get at the lowest prices and make a significant profit on? If so, you must know how to talk to off-market sellers. But, before you take your next seller phone call, you better be prepared to get hit with any of these nine common seller objections. And if you’ve been in real estate for a while, many of these sound familiar. But today, our friends at DealMachine will show you how to handle them like a pro.
“I need to talk to my spouse.” “I need to think about it.” “My house is worth more!” These are just a few common real estate objections you may have heard before. So, how do you turn a standoffish seller into a motivated one? Jennie Hudspeth, sales trainer for top homebuying companies, is on to give her time-tested, expert knowledge on disarming even the most frustrated sellers so you can get on equal footing and make an off-market deal actually happen!
Liked today’s show? Check out even more DealMachine podcast episodes here, where you’ll learn from wholesaling experts and the TOP off-market deal finders!
In This Episode We Cover:
How to handle the top nine real estate objections you’ll hear from off-market sellers
The three things that will make an owner unsure about selling (and how to address them)
The common “smokescreen” objections and how to bring back a seller’s confidence in you
What to do when an off-market seller is fixated on an on-market sales price
Not wasting sellers’ time and ensuring they are in the position to sell their home
Why should you NEVER say, “Can I be honest with you?” and what you should say instead
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Instagram
Rob's TikTok
Rob's X/Twitter
Rob's YouTube
Listen to “The DealMachine Real Estate Investing Podcast”
Get Your Next Off-Market Deal Faster with DealMachine
Connect with Jennie:
Jennie's Email
Jennie's Instagram
Jennie's LinkedIn
Connect with David:
David's BiggerPockets Profile
David's Instagram
Connect with Ryan:
Ryan's Instagram
Ryan's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-bonus-2
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The Fed has signaled something significant for mortgage rates. With inflation still rearing its head and the job market hot as ever, the Fed already has enough evidence to hold back on lowering the federal funds rate, which influences the mortgage rate you get on a home. So when will the Fed finally lower rates so we can escape this highly unaffordable mortgage market? Or, can the Fed pause for the foreseeable future as we enter a new era of high interest rates? Caeli Ridge, President of Ridge Lending Group, is here to help us answer these questions.
Caeli works on getting investors mortgages every single day, so she has a solid pulse on the mortgage market. She gives us a mortgage rate update, explaining what today’s rates look like, when the first Fed rate cuts could come (sooner than you think!), and how a mortgage lender calculates your specific rate. She also gives some tips on navigating this high-rate environment and why merely looking at your mortgage rate as a deciding factor could cost you big time.
As we wrap up, Dave will give his perspective on what the Fed is waiting for and the factors that MUST change before the Fed decides to proceed with a rate cut. He’ll also share a few tips on how to get ahead of the competition with today’s high rates and why these unique advantages won’t last long.
In This Episode We Cover:
How long we’ll have to wait for the Fed to finally cut rates
March 2024 rate update and the rate you can expect on your next mortgage
What matters MUCH more than your mortgage rate when closing on a property
LLPAs (loan-level price adjustments) and how to score a lower interest rate from your mortgage lender
The crucial economic factors the Fed is watching to decide when to lower mortgage rates
How to get ahead of the competition during a high-rate environment and buy when the masses are distracted
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Dave's BiggerPockets Profile
Dave's Instagram
Hear Dave on The “On the Market” Podcast
Watch Dave on the “On The Market” YouTube Channel
Sign Up for BiggerPockets Pro to Attend the Market Intelligence Workshop
Grab The Personalized Guide to Picking a Mortgage
The BiggerPockets Mortgage & Home Loan Calculator
Should You Buy Mortgage Points?
Fed Meetings Calendar
Connect with Caeli:
Caeli's BiggerPockets Profile
Caeli's Instagram
Caeli's LinkedIn
Caeli's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-915
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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You hear us talk a lot about buying real estate, but what real estate deals are WE doing in 2024? Today, we’re pulling back the curtain on our portfolios, walking you through actual deals we’re doing, how much they cost us, how much they’re making, and why, surprisingly, one of us STOPPED buying real estate to focus on something that’ll make much more money. Want to know what it is? We’re about to give you every detail you need to repeat the real estate deals we’re doing!
First, Rob will talk about his Pink Pickle…yes, you read that right. It’s the newest bachelorette party-themed short-term rental in Austin, Texas! This short-term rental has everything you’d ever need: a pink pickleball court, a pink dinosaur, a mysterious red button that you SHOULD NOT PRESS, and an above-ground pool. This property took a LOT of work, but it only happened because of a real estate deal gone wrong.
Next, David gives a masterclass on how to make half a MILLION dollars in equity on one rental property. He also shows you how having an investor’s eye can allow you to TRIPLE the square footage of a home and skyrocket the rents, making you much more cash flow than you thought possible. And no one even wanted this property in the first place! How do you find these hidden deals? Stick around; we’ll show you!
In This Episode We Cover:
Whether to buy more doors or reinvest in your real estate portfolio in 2024 (and what we’re doing)
Housing market headwinds that are stopping most investors and how to get around them
Turning a house flip gone wrong into a cash-flowing short-term rental
How David turned a tiny house into a $1.3M triplex with a HUGE equity position
The BRRRRSTR strategy explained (buy, rehab, rent, refinance, repeat, short-term rental)
Why you always check for extra square footage BEFORE you make an offer on a house
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Instagram
Rob's TikTok
Rob's X/Twitter
Rob's YouTube
How to Invest in Short Term Rentals (STR)
How to Invest in Real Estate With the BRRRR Method
Book the Pink Pickle
Why I stopped buying real estate (and why you should too)
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-914
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Most real estate investors do a few deals a year if they’re lucky. But today’s guest was doing twenty to thirty real estate deals a MONTH. That’s right—not per YEAR, per MONTH. And he did it all while scaling his real estate business at lightning speed. The best part? He didn’t have to use his own money to get there—his deals were being funded completely by private partners, and if you stick around, you’ll know exactly how to do it, too!
After closely observing investors while he was a real estate agent, Don’nell Greer got the hang of finding and tackling profitable real estate deals. After much analysis paralysis, he got his first deal under contract—an $80,000 home that needed some heavy sweat equity to make it profitable. With high rents and low home prices, Don’nell knew the deal would work, but he needed more money. Through a family loan, Don’nell realized the power of private money, and once he saw the possibilities, there was no turning back.
Fast forward soon after, and Don’nell was borrowing hundreds of thousands of dollars from millionaire investors he met through his network. Thanks to the new source of funding, Don’nell was able to flip dozens of houses a month, making a life-changing business in the process. But it wasn’t all good news. Partnership problems, rising interest rates, and changing market dynamics forced Don’nell to make a hard pivot—a pivot you may have to make in the future!
In This Episode We Cover:
How to get past analysis paralysis and get your first real estate deal in the bag
How to use private money to fund your real estate deals when you’re low on cash
Flipping twenty-thirty houses a MONTH by scaling your real estate business
Taking a chance on tenants and why most landlords say “no” to some of the best renters
How Don’nell corrected course when rising interest rates put his flipping business at risk
The power of coaching and mentorships and why you need a strong real estate community to succeed
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Hear Dave and Henry On the “On the Market” Podcast
Dave's BiggerPockets Profile
Dave's Instagram
Henry's BiggerPockets Profile
Henry's Instagram
Find Your Next Home Insurance Contact
Don’nell Greer Made $70,000 on the First Property. Now He’s 200 Flips Into His Career—Here’s How He Did It
Connect with Don'nell:
Don'nell's BiggerPockets
Don'nell's Facebook
Don'nell's Instagram
Don'nell's LinkedIn
Don'nell's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-913
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Want to double your real estate portfolio and bring in much more cash flow? What about using some of your untapped home equity to invest? Today, we’re showing you how to do just that on this episode of Seeing Greene, where we get into real estate partnerships, paying off rental properties, using home equity to invest, and the not-so-secret repeatable thirteen-percent return real estate investment.
Green means go, so we’re flooring it in this episode as David Greene and expert guest James Dainard bring some high-level investing tactics you can use to build wealth even faster. First, we get a question from Real Estate Rookie guest Matt Marcelissen, wondering how he can double his real estate portfolio by harnessing the power of partnerships. David and James give some rare advice on why you SHOULDN’T split things 50/50. Next, an investor wants to know if his low ROE (return on equity) rental is worth paying off. Then, what to do when you have home equity but can’t sell the house? And finally, James’ thirteen-percent return investment he’s using to pay for his kids’ college!
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
How to double your cash flow by using real estate partnerships the RIGHT way
Why splitting returns on your partnership 50/50 is NOT the way to go
Whether or not to pay off a rental property to boost your cash flow
How to invest with home equity when you can’t sell a property
Why David looks for this type of housing market “potential” when buying properties
Hard money investments that can make you double-digit returns
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Ask David Your Real Estate Investing Question
Dave's BiggerPockets Profile
Dave's Instagram
BiggerPockets' Instagram
Hear James On The “On the Market” Podcast
Past Episodes Mentioned on Today’s Show:
Dion Mcneeley (Real Estate)
Dion McNeeley (Rookie)
Matt Marcelissen
Seeing Greene 897
Connect with Matt
Matt's BiggerPockets Profile
Matt's Instagram
Connect with James
James' BiggerPockets Profile
James' Instagram
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-912
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Want to turn your rental property into a cash-flowing machine? What about boosting your property’s equity by tens or hundreds of thousands? The “value-add” strategy can do all this and more, but you’ll need to know the right moves to make. Top real estate investors have been using value-add on their rental property portfolios for decades, turning lackluster rentals into financial freedom-producing properties, and you can do the same IF you know how to spot value-add opportunities.
So, today, we’re showing YOU how to make MORE cash flow and explode your home equity by tweaking your rental properties in the right ways. Both David and Rob have done this numerous times across multiple properties. In fact, David even shares a real-life example of how he increased the cash flow on one of his rental properties by over $10,000/month thanks to an interesting strategy most rookie real estate investors would completely overlook.
Not only that, Rob was able to turn his first Southern California home into a multifamily rental that hosts long, medium, and short-term tenants, and rakes in massive cash flow almost a decade after purchasing it. Whether you’ve got small, big, long, medium, or short-term rentals, you can use value-add to create more passive income and bigger equity gains. Stick around as we give away our secrets on the best value-add moves to make.
In This Episode We Cover:
How to use the “value-add” investing strategy to make MASSIVE cash flow on any property
The two most common ways to add value to your rental property portfolio
The value-add improvements to spot BEFORE you buy another rental property (most people miss this)
Additions, ADUs, and other ways to add more doors to your rental property
Boosting your cash flow by converting your long-term rentals into short and medium-term rentals
What you MUST do BEFORE you start adding on to your rental property
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Dave's BiggerPockets Profile
Dave's Instagram
Rob's BiggerPockets Profile
Rob's Instagram
Rob's TikTok
Rob's X/Twitter
Rob's YouTube
BiggerPockets' Instagram
Learn The Original Value-Add Strategy with The BRRRR Book
The Renovations That’ll Instantly Increase Your Home Value, Part 1
The Renovations That’ll Instantly Increase Your Home Value, Part 2
How to Do Value-Add Renovations Without Disrupting Tenants
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-911
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Did you know that a certain shade of paint can help you sell your home for more? Or that one type of countertop could cause buyers to get into a bidding war over your house? What about the one inexpensive outdoor improvement that families LOVE to see when touring homes? Today, we brought on Zillow’s Home Trends Expert, Amanda Pendleton, to share all the secrets to help you sell your home faster and for more!
Amanda’s team at Zillow takes design data to a whole new level. They know which paint colors prospective buyers want to see, the type of pictures you MUST have on your listing, and the cheap upgrades any homeowner can make to get even more bids on their home. In this episode, she’s sharing much of what her team has learned so you can not only sell for more but also learn the tricks sellers are using when you go to buy your next home.
First, Amanda updates us on housing inventory and outlines today’s “typical buyer.” Then we ask, “Is now the right time to sell?” Plus, we’ll get Amanda’s top tweaks to make to your home so you can sell for more. But it’s not just eye-catching upgrades we’re talking about. Amanda also shares the home renovations with the lowest ROI (return on investment) and the one pricey upgrade that is RARELY worth the money.
In This Episode We Cover:
Home renovations that cost less than $5,000 but can BOOST your property value
The free home-selling tweaks you can make that will bring in more buyers
The upgrades that will hurt your home when trying to sell and could be a negative investment
2024’s typical buyer, and exactly what they’re looking for when shopping for homes
A housing inventory update and why we’re slowly starting to see homes come on the market
The one super affordable upgrade anyone can make to their backyard
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Dave's BiggerPockets Profile
Dave's Instagram
Henry's BiggerPockets Profile
Henry's Instagram
Hear Dave and Henry On The “On the Market” Podcast
BiggerPockets' Instagram
Zillow Data From Today’s Show:
Zillow Research Page
Best Interior Paint Colors for Selling Your House
Connect with Amanda:
Amanda's LinkedIn
Amanda's X/Twitter
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-910
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Can’t invest in your own backyard? Out-of-state investing is the way to go! With it, you can invest nationwide, finding more cash flow or appreciation potential than you would in your local area. But managing a rental property portfolio from hundreds, if not thousands of miles away, isn’t always easy. Thankfully, we’ve got two time-tested out-of-state investors with six killer tips to share on making your next long-distance investment as profitable and painless as possible.
Whether you’re buying short-term rentals, long-term rentals, or something in between, these tips can help ANYONE find financial freedom faster, deal with fewer tenant headaches, and save a ton on future maintenance bills. The best part? You don’t have to check in on your property every other week to ensure it’s safe and sound, but you will need local help if you’re trying to take your investment to the next level. What exactly do we mean? Stick around; we’re walking through all the top tips you need to know.
Want more tips for out-of-state investing? Pick up David’s book, Long-Distance Real Estate Investing!
In This Episode We Cover:
The top six expert tips for buying and managing out-of-state investment properties
Cash flow vs. appreciation and why you MUST know what you want BEFORE you buy an out-of-state rental
The real estate market “fundamentals” that point to a phenomenal investing area
Investing with your end goal in mind so you can quit your job or retire a multimillionaire
Local laws that can DESTROY your investment if you DON’T know about them
The “boots on the ground” team that’ll keep your property in tip-top shape (no matter where you are)
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Instagram
Rob's TikTok
Rob's X/Twitter
Rob's YouTube
BiggerPockets' Instagram
Try the BiggerPockets Rent Estimator
Should You Invest Locally or Long Distance?
Books Mentioned in the Show
Long-Distance Real Estate Investing by David Greene
Start with Strategy by Dave Meyer
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-909
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Want BIG cash flow numbers? How about $400K/year cash flow? Would that be enough to set you financially free? For Amanda and David Fornelli, this is reality, and it’s all thanks to one very unique rental property investment. And even though these numbers are massive, Amanda and David aren’t that removed from being real estate rookies. Just five years ago, they didn’t own any rental properties and were W2 workers just looking for a way to make some extra income.
After finding themselves in a real estate investing program, this power couple began flipping any house they could get their hands on in Southern California. Within three months, David had made twice as much from flips as he did at his day job, so he quit, and the rest is history. Now, they’re full-time investors, still flipping houses, but ALSO running a multimillion-dollar boutique hotel that’s making them hundreds of thousands of dollars a year in profit.
In today’s episode, Amanda and David talk about leaving their jobs to flip houses full time, how they slowly realized that short-term rentals beat the short-term profits of house flipping, why they’re still investing in high-priced Sothern California, and the massive cash flow they’re making off their very first commercial real estate investment—a small, but very profitable boutique hotel.
In This Episode We Cover:
Making $400K/year from an unconventional type of rental property
When it’s time to quit your job and become a full-time real estate investor
Using the BRRRR strategy to make massive wealth gains WITHOUT investing your own money
How to mitigate risk when doing high-priced house flips (especially as a beginner!)
Raising private money and how to buy bigger, better real estate deals without using your own cash
Short-term rental vs. hotel investing and why you CANNOT treat these as the same assets
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Henry's BiggerPockets Profile
Henry's Instagram
Hear More From Henry On The “On the Market” Podcast
Rob's BiggerPockets Profile
Rob's Instagram
Rob's TikTok
Rob's X/Twitter
Rob's YouTube
BiggerPockets' Instagram
How to Buy a Hotel: Breaking Down Tony’s FIRST Commercial Real Estate Deal
Private Capital Explained: The 4-Second Pitch to Unlock Unlimited Funds w/Amy Mahjoory
Stay At Yara Palm Springs - Instagram: @yarapalmsprings
Stay At Yara Palm Springs - Website
Connect with Amanda & David:
Amanda Instagram: @_amandafornelli_
David Instagram: @davidjfornelli
Portfolio Instagram: @nopali_properties
Nopali Properties - Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-908
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Where’d all the cash flow go? More than ever, rental property owners are waking up to find less and less mailbox money coming in every month. This is doubly true for those who used low down payments to house hack and turned their properties into full-on rentals. So, what do you do if you have a rental property giving you low, no, or negative cash flow? Should you sell it and swap it for another investment or ride it out, betting on future appreciation gains? We’re giving our thoughts in this Seeing Greene!
As always, David and Rob are here to answer your pressing real estate investing questions. But resident yacht tycoon James Dainard also brings his twenty years of investing experience to the show to help this week’s rookie real estate investors. First, our very own Noah Bacon asks what he should do with a negative cash-flowing house hack that has six figures in tax-free equity. Then, we ask a question everyone wants an answer to, “WTF is wrong with investors these days?” If you want to turn your house into a rental property, stick around because two more investors ask whether it’s worth it AND when you can start writing off those lucrative real estate tax deductions.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
Whether to keep or sell a rental property that’s losing money every month
Appreciation vs. cash flow and why SO many new investors get this wrong
How to minimize your chance of negative cash flow by buying in THESE areas
Why some real estate markets appreciate while others rarely see price growth
Whether you should turn your primary into a rental property or buy an investment property instead
Real estate tax deductions and how long you have to wait to write them off
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Instagram
Rob's TikTok
Rob's X/Twitter
Rob's YouTube
BiggerPockets' Instagram
James' BiggerPockets Profile
James' Instagram
Hear James On The “On the Market” Podcast
Ask David Your Real Estate Investing Question
Landlord Tax Loopholes That’ll Help You Pay ZERO Taxes w/Matt Bontrager
WTF is wrong with investors these days?
Connect with Noah:
Noah's BiggerPockets Profile
Noah's Instagram: @makinbaconrei
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-907
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Learn how to become a millionaire with real estate EVEN in 2024. You’re trying to make big wealth-building moves this year, but how do you reach seven figures without any real estate experience? Thankfully, you don’t need to be an investing expert or property-picking genius to make a millionaire dollars in real estate—you just need to follow the basic steps almost any real estate millionaire follows. So, how do you get started? We’re going to show you in today’s episode!
It should be no surprise that our two hosts, David Greene and Rob Abasolo, are real estate millionaires and have been for years. After grinding away and buying multiple properties, both David and Rob realized, almost accidentally, that they had million-dollar net worths. What they did to get there wasn’t high risk, didn’t take a whole lot of time, and is easily repeatable by any real estate investor EVEN in 2024.
So, today, our millionaire hosts will show you exactly what they did to make a million dollars, the easiest ways to get started in real estate today so you can begin building wealth, the strategies anyone can use to make tens if not hundreds of thousands of dollars in equity, and what you can do NOW even if you NO cash to invest.
In This Episode We Cover:
How to become a millionaire (even in 2024) through real estate investing
What a millionaire actually is, and why so many people get this calculation wrong
The beginner strategies ANYONE can use to become a millionaire in today’s economy
Whether or not a million dollars is even enough to be considered “wealthy” in 2024
The two most powerful investing levers you can pull to become a millionaire faster
How long it will take to make a million dollars, and the FIRST STEP you should focus on
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Instagram
Rob's TikTok
Rob's X/Twitter
Rob's YouTube
BiggerPockets' Instagram
Start Connecting with Other Investors in The BiggerPockets Forums
The Millionaire Formula: 10 Steps to Hit 7-Figure Net Worth
Top 10 Tax Advantages of Investing in Real Estate
Books Mentioned in this Show:
BRRRR by David Greene
The House Hacking Strategy by Craig Curelop
Pillars of Wealth by David Greene
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-906
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On a national level, Fannie Mae is predicting the multifamily market to remain subdued in 2024. Ever since interest rates began to rise, multifamily transactions have slowed considerably. Higher rates made profits fall, and as a result, buying and improving multifamily properties halted. And, with a massive lag in multifamily construction, new units were popping up left and right in already saturated markets, creating a race to the bottom for rent prices as multifamily operators struggled to keep their units occupied. But, the multifamily woes may be close to over.
Kim Betancourt, Vice President of Multifamily Economics and Strategic Research at Fannie Mae, joins us to share the findings of a recent multifamily report. Kim knows that there are oversupplied multifamily markets across the country. Cities like Austin have become the poster child for what oversupply can do to home and rent prices. However, Kim argues that this is only a fraction of the overall housing market, and many markets are in need of more multifamily housing.
So, if much of America is still struggling with having enough housing supply, shouldn’t rents be on an upward trend? Kim shares her team's findings and rent forecasts, explaining when rents could begin to climb, which multifamily properties will experience the most demand, and why we need MORE multifamily housing, not less.
In This Episode We Cover:
Fannie Mae’s 2024, 2025, and 2026 rent growth forecast for multifamily
A “tale of two markets” and why the “oversupply” narrative isn’t the whole story
Property classes and why B/C-class properties are seeing such strong demand
The one metric that points to a growing or shrinking multifamily real estate market
Why so many millennials are “stuck” as renters and can’t become homeowners
How rising rents could affect multifamily prices and boost valuations across the country
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Dave's BiggerPockets Profile
Dave's Instagram
Henry's BiggerPockets Profile
Henry's Instagram
BiggerPockets' Instagram
Want More Up-to-Date Housing Market News? Check Out the “On the Market” Podcast
Multifamily Is at High Risk of Continuing Its Historic Crash in 2024—Here’s Why
These 10 Markets Are Building the Most Multifamily Housing—How Can Investors Take Advantage?
Fannie Mae’s Insights and Reports:
All Research
January 2024 Multifamily Market Commentary
February 2024 Multifamily Market Commentary
February 2024 Economic and Housing Forecast
Connect with Kim:
Kim's LinkedIn
Kim's Profile - Fannie Mae
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-905
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For years, the BRRRR method (buy, rehab, rent, refinance, repeat) was every real estate investor’s favorite strategy. And it’s easy to see why. Using this simple formula, you can buy an outdated property, fix it up, lock in some solid equity, and then refinance, having the bank pay you back all the money you put into a deal. It sounds foolproof in theory, and up until 2020’s hot housing market, it essentially was.
But things have changed. Home prices are higher than ever, mortgage rates are still double what they were during 2021, and everyone and their grandma now wants to invest in real estate, making more competition for these outdated homes. So, one big question presents itself: Does the BRRRR method still work in 2024? And, if it does, what are some ways to beat the competition and score a seriously good deal, no matter the mortgage rate?
Well, we’ve got the man who literally wrote the BRRRR book on the show—our very own David Greene! David is giving his time-tested insider tips on how to build wealth with BRRRR, create more equity on your next home rehab, which new loans make BRRRR much better in 2024, and why you CAN’T rely on cash flow anymore, but you can rely on something MUCH more beneficial. Ready to get your first (or next) BRRRR done in 2024? This is the episode for you!
In This Episode We Cover:
The BRRRR method (buy, rehab, rent, refinance, repeat) explained
Whether or not you can still do a BRRRR in 2024 (and if it’s even worth it)
New types of loans for BRRRRs that make buying and cash-out refinancing MUCH easier
Cost-cutting rehab tips to make sure you don’t go over budget on your next home renovation
The not-so-basic “value-add” potential you NEED to look for in your next BRRRR property
Massive tax benefits, long-term wealth, future cash flow, and more upsides of doing a BRRRR in 2024
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob' Instagram
Rob's TikTok
Rob's X/Twitter
Rob's YouTube
BiggerPockets' Instagram
Grab The BRRRR Book
How to Invest in Real Estate With the BRRRR Method
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-904
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Would you buy multifamily real estate now? Asset prices are falling, mortgage rates are still high, banks aren’t taking on new loans, and every real estate “expert” thinks that the multifamily space is full of dead deals. If this was so true, then how did Brian Adamson build a multimillion-dollar, 120-unit portfolio with plenty of cash flow and seven figures in equity all in the past four years, a time of tremendous booms and busts in the multifamily market? Well, he’s about to show you!
Brian started investing before The Great Recession but didn’t walk away from the housing crash unscathed. Thankfully, a few upside-down properties didn’t stop him from investing as he continued to do wholesaling and fix and flip deals from 2008 onwards. But, in 2020, he had a calling to start investing in multifamily during a hot market and in areas most real estate investors would run from.
Fast forward close to four years later, and Brian has a rental property portfolio of over one hundred units, with tens of thousands in cash flow coming in every month and millions in equity. He bought when he shouldn’t have, in places investors run from, with loans even top investors refuse to use, but he came out on top. In this episode, he’ll break down his exact strategy, what and where he’s buying, and how much money he’s making, plus some real estate markets he’s bullish on in 2024.
In This Episode We Cover:
Massive multifamily deals that are making Brian a millionaire even during a down market
A failed first multifamily attempt that cost Brian tens of thousands of dollars
Investing in markets that most investors would NEVER even consider
The exact rent, cash flow, and equity numbers Brian looks at before buying
How to use bridge loans to cover your rehab costs on a home-run deal
Real estate investing markets that Brian is bullish on in 2024
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob' Instagram
Rob's TikTok
Rob's X/Twitter
Rob's YouTube
BiggerPockets' Instagram
Beginner’s Guide To Investing In Your First Multifamily Property
Multifamily Is Likely To Start Recovering in 2024—Here’s Why
Book Mentioned in the Show
SCALE by David Greene
Connect with Brian:
Brian's BiggerPockets Profile
Brian's Facebook
Brian's Instagram: @brianadamsonofficial
Brian's LinkedIn
Brian's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-903
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Want to build a real estate business? When done right, a real estate business could make you hundreds of thousands, if not millions, of dollars a year, even with a small team. You’ll be able to do dozens more deals, scale your portfolio faster, and find true financial freedom in a matter of years. But it won’t be easy. Starting a real estate business is one thing, but scaling it is a different beast. So, we’ve brought multimillion-dollar real estate business owners onto the show so YOU don’t make their early-stage mistakes.
It’s a bird, it’s a plane, it’s…David with a green light behind him. You know what that means—it’s time for Seeing Greene, where David, Rob, and special guest James Dainard answer YOUR real estate investing questions. Fan-favorite guest Josh Janus is back to ask how to scale a real estate business and what to delegate first. A tax-smart investor asks whether to sell his home or keep it as a cash-flowing rental. Two investors close to retirement ask how to invest $1,000,000 and how to start investing as a later starter.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
How to scale your real estate business when you’re feeling burnt out (and expert mistakes to avoid)
The first things to delegate and outsource when building your business
Whether to sell a house for a BIG gain or keep it as a cash-flowing short-term rental
How to invest $1,000,000 and the problem with searching for “passive” income
How to get into the real estate investing game as a late starter with a fair share of cash
Some much-deserved review love for our very own Rob Abasolo
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob' Instagram
Rob's TikTok
Rob's X/Twitter
Rob's YouTube
BiggerPockets' Instagram
Ask David Your Real Estate Investing Question
Catch James on the “On the Market” Podcast
From DoorDasher to $1.5 MILLION in Real Estate (All at 22 Years Old!) w/Josh Janus
Books Mentioned in the Show
SCALE by David Greene
Connect with James:
James' BiggerPockets Profile
James' Instagram
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-902
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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If you want to start investing in real estate and buy your first rental property, there are six beginner steps you’ll need to take. Following these steps to a tee could mean the difference between having a home-run first investment property and a horrible experience that leaves you worse off than before. So stick around as we lead you to your first property (and financial independence) faster, even if you’re an investing beginner.
We’ve brought on Certified Financial Planner (CFP) and personal finance master Kyle Mast to walk through the six steps you must take before buying a rental property. We’re not talking about the usual “find an agent, find a market, find a property” type of advice. This time, it’s all about setting you up for FINANCIAL success and, more importantly, stopping you from financial failure by making the wrong moves in the beginning. If you don’t get these steps down, you can kiss your dreams of financial freedom goodbye.
We’ll touch on how to define your investing goals to get what you REALLY want out of life, how to evaluate whether or not you’re even in a financial position to invest, how to fix your bad finances if they’re not up to shape, building a solid emergency reserve for when things go wrong, and what the experts say you NEED to know before you invest in 2024.
In This Episode We Cover:
The six beginner steps EVERY investor must take before buying an investment property
Investing with the end in mind and deciding what you really want: money or time?
Budgeting, getting rid of bad debt, and how to make and save more money to invest
Building emergency reserves and why skipping on this is a costly mistake that could set you back years
EXACTLY what you need to know before investing (if you can’t answer these questions, you should NOT invest)
Tips to get you to your first rental property even faster
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob' Instagram
Rob's TikTok
Rob's X/Twitter
Rob's YouTube
BiggerPockets' Instagram
A Personal Finance Masterclass with Kyle Mast
Check Out SoFi’s High-Yield Savings Account
Books Mentioned in the Show
Pillars of Wealth by David Greene
Rich Dad Poor Dad by Robert Kiyosaki
The Richest Man in Babylon (BiggerPockets Edition) by George S. Clason
Set for Life by Scott Trench
Connect with Kyle:
Kyle's BiggerPockets Profile
Kyle's Twitter
Kyle's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-901
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The old ways of financial freedom are gone. Before, buying a rental or two and repeating the process for a few years was all you had to do to find financial independence and retire early, sipping fruity drinks on the beach without a worry in the world. But now, that's over. The days of easy passive income are gone, but a new path to wealth is beginning to emerge, one that will still lead you to millionaire status if you’re strong enough (and smart enough) to take it.
It’s the 900th episode of the BiggerPockets Real Estate podcast, and this is no ordinary show. We brought out the big guns this time. Brian Burke, J Scott, and Scott Trench, all time-tested investors, join us to share the truth about real estate investing in 2024 and answer the question we’re all thinking: “Is it still possible to reach financial freedom with real estate?”
But that’s not all. We’re getting their takes on whether or not to wait for lower mortgage rates with monthly payments still sky-high, which strategies are working for them in 2024, which investors will get burnt during this investing cycle, and what a new investor can start doing TODAY to become a millionaire in the next decade. Plus, they share why investors should be fearful now more than ever and why the get-rich-quick influencers are about to get the wake-up call of a lifetime.
In This Episode We Cover:
Whether or not financial freedom is still achievable through real estate in 2024
Why waiting for mortgage rates to drop might not be the best move to make
Investing strategies that are making money RIGHT NOW (and which to avoid)
Why investors MUST have more “fear” if they want to survive in this market
The slow, steady path to building wealth with real estate (this WORKS in 2024)
What new investors should do RIGHT NOW if they want to get in the game
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Grab Dave’s New Book, “Real Estate by the Numbers”
Hear James on The “On the Market” Podcast
David's BiggerPockets Profile
David's Instagram
Dave's BiggerPockets Profile
Dave's Instagram
BiggerPockets' Instagram
Past Episodes Mentioned in Today’s Show:
Scott Webinar
David Greene’s First Episode
J’s First Episode
Brian’s First Episode
Books Mentioned in the Show
The Book on Flipping Houses by J Scott
Real Estate by the Numbers by J Scott and Dave Meyer
Pillars of Wealth by David Greene
Connect with Brian:
Brian's BiggerPockets Profile
Brian's Website
Brian's Instagram
Connect with J:
J's BiggerPockets Profile
J's Website and Socials
Connect with Scott:
Scott's BiggerPockets Profile
Scott's Instagram
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-900
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Learn more about your ad choices. Visit megaphone.fm/adchoices
With some often overlooked home renovations, you could boost your property’s value by tens, if not hundreds, of thousands of dollars. But which home renovations have the best bang for your buck? We’ve got pro house flippers James Dainard and Jessie Rodriguez back on the show to give their insider tips on the home upgrades that could get you up to a 400% return on your money and the interior renovations they NEVER skip during a house flip.
Last time, we talked about the exterior renovations that can make your house stand out from the rest during a busy buying season (If you missed it, click here to take a listen). This time, we’re taking our shoes off and heading inside, talking about the best kitchen, bedroom, and bathroom upgrades that offer huge returns for often just hundreds of dollars. So, even if you don’t have the budget to add new rooms, you can still pull out thousands more in extra equity with these quick interior fixes.
But if you do have a chunk of change set aside, we’ll also get into adding bedrooms and bathrooms as well as opening up more living space so you can wow buyers (or an appraiser) as soon as they step through the door. Plus, the not-so-sexy but certainly necessary upgrades you’d NEED to pass an inspection!
In This Episode We Cover:
The most overlooked home renovations that don’t cost much but can increase your property’s value
Whether an “open-concept” floor plan is still worth it in 2024
The one kitchen renovation that could give you a 400% return on your investment
A pro tip to save over thirty percent on this one crucial bathroom upgrade
When to add bedrooms and bathrooms to a home (and the return you can expect on additions)
When to replace an old water heater, furnace, or electrical panel so you DON’T get flagged during an inspection
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Grab Dave’s New Book, “Real Estate by the Numbers”
Hear James on The “On the Market” Podcast
David's BiggerPockets Profile
David's Instagram
BiggerPockets' Instagram
Unbelievable Returns from Flipping This New Type of Real Estate
Did High Interest Rates Kill House Flipping?
Connect with James
James' BiggerPockets Profile
James' Instagram
Connect with Jessie
Jesse's Instagram
Jesse's LinkedIn
Jesse's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-899
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
What if you could make six figures on your first real estate deal? “Yeah, right! Where am I going to find a property like that?” you say. What if we told you that instead of finding a home-run rental property, you could build a better one? Now, not only do you have some instant equity once the house is built, but you also deal with none of the expensive capital expenditures, regular repairs, and common headaches that come with owning an older home. And you can do this even in the most expensive of markets.
When Lacey Russell was looking for an investor-friendly agent, she turned to BiggerPockets Agent Finder, where she found her rockstar real estate agent, Sam Haack. Together, they realized that building a new construction rental worked FAR better than buying one, so Sam scoped the market for investor-friendly builders, and now, they’re off to the races. They’ll go through the full numbers of this real estate deal, from land costs to loans, equity forecasts, cash flow, and more!
Want to find an agent just like Sam? Hop on the BiggerPockets Agent Finder, answer a few questions, and get matched with investor-friendly agents in your area!
In This Episode We Cover:
How to find profitable real estate deals when your market is VERY expensive or has no inventory
When building rentals beats buying them and how much instant equity you can make
How to find an investor-friendly agent no matter your real estate market
The type of lender to look for that’ll get you a lower mortgage rate
Finding a builder in your area that’ll work with your investor-first numbers
What you MUST tell your real estate agent in the beginning to find success together
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Grab Dave’s New Book, “Real Estate by the Numbers”
Hear Henry on The “On the Market” Podcast
Henry's BiggerPockets Profile
Henry's Instagram
BiggerPockets' Instagram
Try the Rental Property Calculator on Your Next Real Estate Deal
Books Mentioned in the Show
Buy, Rehab, Rent, Refinance, Repeat by David Greene
Rich Dad Poor Dad by Robert Kiyosaki
Wealth without Cash by Pace Morby
Connect with Lacey
Lacey's LinkedIn
Connect with Sam
Sam's BiggerPockets Profile
Sam's Instagram
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-898
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why too many commercials these days.
"It spreadsheeted... that could come out wrong." 😂😂😂
did
I'll be buying the paperback version. This narrator is way too dry for me.
they had a very poor explanation of their service and how it is related to "blockchain"!
I'm a huge fan of the BiggerPockets Real Estate Podcast! The insights and discussions they bring to the table are incredibly valuable for both seasoned investors and newcomers to the real estate world. https://issuu.com/customise-sticker I particularly enjoy how the hosts dive into a wide range of topics, from market trends and investment strategies to tips for managing properties and building a successful real estate portfolio. The guests they bring on the show also add a diverse perspective, sharing their experiences and lessons learned in the industry. https://www.openstreetmap.org/user/Customise-Sticker
how did she finance all of the deals. I heard Brrrr method but did she just roll from o e to the next for all of them? This is where I am stuck. I have 2 buildings/3 doors. I want to scale, but I don't have the cash for downpayments. Technically I can refinance both buildings, but it would not be enough for a downpayment for a third building.
The scaling of projects of space organizations is especially positively perceived with the announcement of the creation of new jobs https://orbitaltoday.com/2023/03/31/orbex-under-fire-as-danish-jobs-rise/ After the start of the operation of a new production, compliance of the declared obligations to create jobs does not always correspond to reality.
This guy inspired the f*** outta me.
Love the show good information and great personalities
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Started trying offer below ask, no one has even given a counter offer. so I am guessing the offers were offensive. The last offer we put in was above asking, and we still got beat out. I was trying to follow advice from this podcast but I am confused becausewhat i am seeing doesn't match what i am hearing online. Also, properties are moving really fast, going contingent in one or two days, while I am still running numbers. I thought the RE market was slowing down. I am making offers in OBX, NC and North Shore in MA.
Good day Guys, Hope all is well and that life I treating you fairly. My name is Bill Falagitis and I live and invest is real-estate in Ontario Canada. I'm having a hard time making an account on the Bigger Pockets website. Can Canadians make an account to BPs? if not can you suggest someone in Canada that's even as half as good as you guys are that can help out? You guys are so inspirational please keep up the good work. Thank you for your time.
I really liked the brief interludes with summaries by David and Rob on this episode. I didn't feel like it took away from what was being said; on the contrary it added value by reinforcing key points.
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Great content! but was chopped up and had random interruptions.
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