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

BiggerPockets Real Estate Podcast

769: The Beginner’s Guide to “Infinite Investing” with the BRRRR Method

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

768: Seeing Greene: Do This BEFORE You Leave Your 9-5 Behind

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

767: Multifamily Market Update + What a 20 Year Veteran Knows That You Don’t w/Angie Smith

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

766: Explosive Growth Could Be in Store for These Two Real Estate Markets w/Kim Meredith-Hampton and Victor Steffen

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

765: Seeing Greene: Out-of-State Mistakes, “Low Risk” Real Estate, & False Cash Flow

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

764: Making $200K/Year in JUST 3 Years with This High-Cash Flow Strategy w/Brittany Swait

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

763: Barbara Corcoran's Wild Real Estate Tactics You'll Want to Repeat

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

762: The US Dollar’s Downfall, Flipping vs. BRRRING, and Where to Find Cash Flow

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

761: From Sleeping on the Floor to Making $80K/Month (in 2 Years!) w/Yamundow Camara

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

760: BiggerNews: Buyers Jump Back In as Real Estate Competition Heats Up

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

759: Seeing Greene: The ONE Factor That'll Make or Break Your Rental Property

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

758: Real Estate vs. Stocks: Which Will Make YOU More Money in 2023? w/Trey Lockerbie

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

757: $0 Down Deals, 3% Interest Rates, and Insane Property Purchases w/Pace Morby

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

756: Seeing Greene: How to “Supercharge” Your Rental Property's Cash Flow in 2023

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

755: How a Barber Went from $12 Clips to Six-Figure Cash Flow in 10 Years w/Rick Morin

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 Tuesday, Thursday, and Sunday.

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