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Knowing how to find real estate deals can be challenging for new and experienced investors. For those who want to build bigger portfolios beyond just buying single-family rental properties, finding multifamily, development, or perfect medium-term rental deals can be a struggle. You have to be in the know and have a network full of agents, brokers, lenders, and other investors who can throw deals your way, so you don’t have to dig through the scraps that bigger investors (or investment firms) have left behind.This is a struggle that all three of our ninety-day mentees have faced since we spoke to them last. We’ll be getting updates on all their situations in today’s episode as David and Rob work to get them to their next investments as soon as possible. First, we talk to Philip, who’s still struggling to find adequate land for his future resort. He’s successfully made one offer but has yet to receive a counter. Next, Wendy wants out of turnkey rentals and is looking into more cash-flow heavy real estate investments like medium-term rentals that can provide her the retirement she dreams of.Lastly, we talk to Danny, who’s struggling to connect the dots that will lead to his next property. As an introvert, finding contractors in the field has become challenging, although he has started to reach out to other investors he knows in his area. A common thread in this episode is that ALL our mentees are finding a pain point stopping them from reaching their next property. Of course, what they do next is entirely up to them, but you’ll hear case-by-case advice from David and Rob, which could also help you on your next deal! So if you’ve hit a roadblock on your path to real estate wealth, don’t give up—tune in!In This Episode We Cover:Purchasing raw land and the pros and cons of trying to buy what is worth developing Private money lending and raising private capital as a way to make more income on the side How to increase your real estate deal flow and get more properties (or parcels) sent to youThe high-cash flow world of medium-term rental investing and why it may be worth converting your units How to find contractors, real estate agents, and other team members for your next investment Networking 101 and what introverts can do to build a list of other investors who can help them along their way And So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelRob's BiggerPockets ProfileRob's YouTubeRob's InstagramRob's TikTokRob's TwitterHear the First 90-Day Mentee EpisodeJesse's InstagramBook Mentioned in this Episode30-Day Stay by Zeona McIntyre & Sarah WeaverConnect with Danny, Philip, & Wendy:Danny's BiggerPockets ProfilePhilip's BiggerPockets ProfileWendy's BiggerPockets ProfileClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-719Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Most 2023 housing market predictions sound like this, “The sky is falling! Sell everything! Houses will be worth $1 next year! This is just like 2008!” Look at the track record of those who shill predictions like this. These are the same forecasters who have been predicting a crash will happen at some point over the last ten years. Now, with a whiff of fear in the air, mainstream real estate journalists will do anything they can to convince you we’re having a repeat of 2008. However, this is far from the truth.But how could we forecast the 2023 housing market without data? And where there’s data, there’s Dave Meyer, VP of Data and Analytics at BiggerPockets and host of the On the Market podcast. Dave and his team have recently released “The 2023 State of Real Estate Investing Report,” which gives all the housing market data you need to invest successfully in 2023. In it, Dave shares how the 2022 housing market flipped once the Fed raised rates, how supply and demand have been affected, and what we can expect for 2023.Dave will also go over the three investing strategies he feels are more appropriate for investing in 2023, including a completely passive way to invest, a cash flow and appreciation combo, and how buyers can take advantage of this market to get deals at a steep discount. While we can’t predict the future, we can give you our best insight into what you can do to build wealth in 2023. So turn off the mainstream fear forecasting and tune into real news designed to make you richer!In This Episode We Cover:Why 2023 is not a “normal” housing market and the details leading up to today’s stateThe “levers” that affect home prices and why 2023 is NOT the same as 2008Seller’s vs. buyer’s markets and where prices are most expected to dipHomebuyer demand and how unaffordability has caused most buyers to sit on their handsMortgage rate increases and how the Fed is using high rates to combat inflationThe three strategies that work in today’s housing market and how to invest while others sit on the sidelines2023 housing market predictions and when we could potentially see home prices bottomAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelBooks Mentioned in this EpisodeReal Estate by the Numbers by J Scott and Dave MeyerReal Estate Note Investing by Dave Van HornConnect with Dave:Dave's BiggerPockets ProfileDave's Instagram“On the Market” Podcast“On The Market” YouTube ChannelClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-718Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Hoarder houses, hidden tax benefits, and how to invest when getting a late start—it’s all answered on this episode of Seeing Greene. We’re back, and David has brought some new questions never answered before on the show. This time, we’ll touch on some sticky situations, like creative ways to buy a hoarder house and whether investing in a tricky renovation is even worth the potential equity. We also hear about David’s secret system for getting contractors to always show up on time and get the job done, no matter what!Not only those topics, but we also have some questions and answers that fluctuate with the market cycles. David will hit on the advantages of flipping vs. BRRRR-ing a property, the best real estate exit strategy to go from active to passive income, and what investors who got a late start can do now to get ahead. This episode has something for EVERY level of investor, from beginners who need to get into their first rental to investors looking to turn their rental properties into lower tax bills. So stick around if you’re investing or trying to invest in 2023!Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!In This Episode We Cover:Flipping vs. BRRRRing and when selling beats holding a homeThe best way to start investing that’s easily repeatable and doesn’t require much cashDealing with difficult contractors and what you can do to ensure they show up on time every dayReal estate exit strategies and how to sell a rental without suffering a massive tax burdenThe hidden real estate tax advantages that most investors overlookAdvice for late starters who want to invest in real estate and whether equity or cash flow is worth chasingAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelLearn More About the Short-Term Rental Tax “Loophole”5 Tips to Help Investors Handle Hoarder House Situations3 Exit Strategies You Need to Have When Investing in Real EstateBooks Mentioned in this EpisodeLong-Distance Real Estate Investing by David GreeneClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-717Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Financial independence is something that people spend decades trying to achieve. For the average American worker, this can be a slow grind, saving a few hundred dollars a month, hoping to be financially free at sixty-five so they can finally enjoy retirement. The problem? You spent three or four decades at a job, waiting to do what you want. If you’re going to crack the code to financial freedom, retire early, and live and work on your terms, you might want to follow Greg Cullen’s strategy.Greg has been hustling since he was a teenager. He was bringing in a full-time salary at age sixteen after building a sign-spinning business with over a dozen workers. He always knew the key to success was finding smart ways to make more money. So, when Greg was offered a full-time salary, he turned it down for a sales job with no cap on commissions, allowing him to save money at a far faster rate, and reach financial freedom well before the age of thirty.But Greg didn’t need some colossal empire of cash-flowing rentals. Instead, he’s financially free with only ten units, all of which he bought in under a decade. So how did someone like Greg, without real estate experience, scale his income up so fast? In this episode, you’ll learn what Greg did to purchase properties at lightning speed, the Chick-fil-A rule of real estate you should adopt, and how failing is the only successful way to hit financial freedom early.In This Episode We Cover:Why choosing a commission-based job, with uncapped earnings, beats a salary almost alwaysSign spinning and creative ways Greg made big money as a teenagerThe Chick-fil-A real estate rule that all investors should follow when picking a rental property marketCommon investing hurdles and how to deal with massive burnout when trying to make more moneyThe laws of power that every entrepreneur, investor, or employee must know to level upWhat to do when real estate partnerships go wrong and turning a stressful situation into a killer dealAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelRob's BiggerPockets ProfileRob's YouTubeRob's InstagramRob's TikTokRob's TwitterHear Our Interview with “The 48 Laws of Power” Author, Robert GreeneBooks Mentioned in this EpisodeThe Concise 48 Laws Of Power by Robert GreeneRich Dad Poor Dad by Robert KiyosakiConnect with Greg:Greg's BiggerPockets ProfileGreg's YouTubeGreg's InstagramGreg's TikTokClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-716Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Search “how to make passive income” online, and there’s a good chance you’ll see “real estate investing” on every list. Why? Real estate investing is one of the most time-tested, stable, and repeatable ways for the everyday American to get rich, build wealth, and start collecting passive income every month. But you’ll never get going if you don’t know where to start. So to make your 2023 as successful as ever, David Greene, investor, agent, and host of the BiggerPockets Real Estate Podcast, sat down to walk through the eleven steps it takes to go from onlooker to real estate investor.Real estate is NOT a “get rich quick” type of investment, but it can help you build wealth in a surprisingly short amount of time. Just ask David, who spent years working overtime as a cop, slowly building up a real estate portfolio that eventually led him to hit financial freedom before most people buy their first house! In this episode, David will walk step-by-step through everything a new investor must do to get their first rental property, how to analyze real estate deals once you find them, and how to repeat the system, so your passive income stack grows bigger every year!Want to become a real estate investing expert in 2023? Sign up for BiggerPockets Pro, where you’ll get access to real estate tools and calculators, bootcamps for any investor, lease agreement packages for all fifty states, unlimited webinar replays, and exclusive videos.Start the new year off right by upgrading to BiggerPockets Pro, and use code “NEWYEAR” at checkout for a special discount! In This Episode We Cover:How to make 2023 your best real estate investing year EVER David’s slow start and going from almost giving up to financial freedom in only a few yearsHow to analyze a real estate deal from start to finish (with a LIVE example)The 11 KEYS to success when starting in rental property investingHow to find real estate deals in ANY market using the LAPS funnelSetting goals and why so many people fall short of their new year’s resolutionsUsing BiggerPockets Pro to get your first (or next) real estate deal even faster! And So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelSign Up for BiggerPockets Pro and Use Code “NEWYEAR” for a Special DiscountRental Property CalculatorRent EstimatorPro-Exclusive VideosGrab the Best-Selling BiggerPockets BooksGet Your Ticket to BPCon 2023! Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-715Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What’s your real estate retirement plan? How should you fund your rentals? And why is today’s housing market so hard to cash flow? These are just some of the questions that regular real estate investors ask themselves. In a high interest rate, low inventory environment like 2023, landlords need to find better deals, use better financing strategies, and look for different ways to profit, to turn their portfolios into passive income-generating machines.Welcome back to a Seeing Greene episode that has questions from all over the nation. Some investors wonder why their cash-on-cash return numbers look so bleak. Others are debating using a HELOC (home equity line of credit) to buy rentals, even as interest rates continue to rise steadily. You'll hear answers to those questions all while David touches on topics around buying for cash flow vs. appreciation, how to buy rental properties while in college, how to find off-market properties, and where to meet private money lenders!Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover:Starting a construction company and using this lucrative trade to invest fasterCash-on-cash return and why appreciating markets are crunching down on potential cash flowSingle-family vs. multifamily real estate investing and when to favor appreciation over cash flowUsing a HELOC to buy rental properties vs. saving up your cash for a down paymentInvesting while in college and how to get approved for a mortgage even if you don’t have full-time incomeWhere to find off-market real estate deals and reach motivated sellersAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaAsk David Your Real Estate Investing QuestionAmy Mahjoory's Masterclass on Private Lending Part 1Amy Mahjoory's Masterclass on Private Lending Part 2Amy Mahjoory's Masterclass on Private Lending Part 3Amy Mahjoory's Masterclass on Private Lending Part 4How to Calculate Cash-on-Cash ReturnLearn More About David’s Full Real Estate TeamDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-714Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Chances are you’ve seen the movie Top Gun before. This exhilarating film showcased the almost unbelievably intense reality of being an elite pilot in the military. And behind many of those awe-inspiring stunts and scenes was John Foley, Blue Angels pilot, entrepreneur, real estate investor, public speaker, and all-around inspiring human being. John has performed these death-defying stunts for years and successfully became the one percent of the one percent of pilots. His key to success? Failing hard.As soon as John saw the Blue Angels perform as a child, he dreamed of doing the same. It took him eighteen years to accomplish his dream, but it came with a cost. Before hitting his performance peak, John made a flight mistake that could have ended his career and another pilot’s life. Thankfully, this ill fate was avoided, but John still had to live with the consequences of making such a massive mistake. As a result, John reframed and rewired his brain to be better, retain more, keep his composure, and be “glad to be here.”He’s made his way up to the highest level of flying and knows the key to elite success. The surprisingly simple method is laid out in today’s show, as John walks through the five steps he goes through every day to improve his life constantly, always be grateful, and never leave a day to waste. So if you want to push yourself to the next level, accomplish more than you think you’re capable of, and live more life in the moment, tune into this episode!In This Episode We Cover:Knowing your blind spots and why witnessing your weaknesses can boost your skillsWhy complacency kills and thinking you’re “good enough” can drag you down The benefits of a debrief and why you always want to know what you did wrong Finding your “why” and turning it into the driving force behind your success The “glad to be here” method and why it’s a “wonder drug” for human happiness How the 1% of any skill set optimize their performance and push others to do the same And So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelRob's BiggerPockets ProfileRob's YouTubeRob's InstagramRob's TikTokRob's TwitterNavy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme OwnershipHere’s Why Failure Is NEVER the End of Your Real Estate JourneyBook Mentioned in this EpisodeFearless Success by John Foley Connect with John:John's WebsiteJohn's InstagramJohn's LinkedInJohn's PodcastClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-713Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Short-term rentals can be categorized, at least at a surface level, as the “easiest” investments of 2021 and 2022. With low interest rates and a surge of post-pandemic tourism, new hosts were buying homes for cheap monthly payments, throwing some furniture in them, and making a six-figure return within a year of owning just one property. Naturally, this led more and more hosts to start building bigger vacation rental empires, buying as many properties as possible and inflating prices as a result.But, the boom in BnBs caught on quickly, and more investors began tackling the same strategy. Before long, there were more short-term rentals than ever, but the same number of guests occupied them. Now, short-term rental hosts are facing lower occupancy as they struggle to compete over which properties will get which guests. So, is this the end of the short-term rental industry, or is the data showing something completely different? We brought on Jamie Lane, Vice President of Research at AirDNA, to give us a glimmer of hope.Jamie knows short-term rental data better than anyone else. He knows which markets are growing, which are declining, which amenities get you the highest ROI, and why last-minute bookings aren’t a bad thing. He gives us a deep dive into what’s affecting the short-term rental market as a whole, whether it’s on a decline, and what hosts can do to beat out the competition when trying to fill their listings.In This Episode We Cover:The “BnBust” and why so many short-term rental hosts are facing low occupancy 2023 short-term rental predictions and the effect a recession could have on the industryThe best short-term rental markets and which tourist cities will remain strongShort-term rental regulations and how they may be a good thing for existing hostsLast-minute bookings and using dynamic pricing to make these stays more profitableThe top amenities guests want in their vacation rental in 2023Superhost status and the massive boost in bookings it can lead toAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaHear More from Tony on the “Real Estate Rookie Podcast”Use the BiggerPockets Airbnb CalculatorTry AirDNA TodayRob's BiggerPockets ProfileRob's YouTubeRob's InstagramRob's TikTokRob's TwitterTony's BiggerPockets ProfileAirDNA 2023 Outlook ReportAirDNA November 2022 DataConnect with Jamie:Jamie's LinkedInJamie's TwitterJamie's Podcast Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-712Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Multifamily real estate investing was almost impossible to break into over the past few years. Even those that had been in the field for decades were finding it challenging to get offers accepted or deals underwritten. Investors were throwing in almost unbelievable amounts of non-refundable earnest money, going well over asking price and analyzing deals at lightning speed, which often led to mistakes, not more money. But the tables have turned, and now, thanks to high interest rates, the buyer is in the driving seat.And how could it be a multifamily episode without Andrew Cushman and Matt Faircloth? These two expert multifamily investors have been buying apartments for decades and helping others do the same! In this episode, Andrew and Matt break down what has gone on in the multifamily markets, why cap rates haven’t kept pace with interest rates, and what buyers can do now that sellers have lost most of their bargaining power. You’ll also get to hear their multifamily predictions for 2023, how far they expect prices to fall, and what you can do to start or scale your multifamily investing this year!Then, Andrew and Matt take questions from the BiggerPockets forums and live Q&As with new multifamily investors. These topics range from property classes explained to raising private capital from investors (who aren’t your mom) and the risks and rewards of investing in smaller markets. Whether you’re interested in duplexes, triplexes, or two-hundred-unit apartment complexes, Andrew and Matt have answers for you!In This Episode We Cover:The mortgage and cap rate battle and how the two are unbalanced in 2023The multifamily buyer’s market and why now is the time to aggressively chase deals2023 housing market predictions and what multifamily investors can expect How to start, or scale, your multifamily real estate portfolio this year Long-distance real estate investing and assessing a property market from afarHow to raise money from private investors and expanding your networkThe hidden dangers behind investing in a small, tertiary marketsAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaAndrew's BiggerPockets ProfileAndrew's LinkedInVantage Point AcquisitionsMatt's BiggerPockets ProfileMatt's InstagramDeRosa GroupPaul Moore’s Article on Interest Rates and Cap RatesBooks Mentioned in the Show:Long-Distance Real Estate Investing by David GreeneRaising Private Capital by Matt FairclothThe Intention Journal by Brandon TurnerConnect with Philip & Daniel:Philip's BiggerPockets ProfilePhilip's InstagramPhilip's WebsiteDaniel's BiggerPockets ProfileDaniel's TwitterClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-711Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Assisted living investments may be the most underrated, unknown, but ridiculously profitable real estate investment out there. For many investors, turning their single-family home into assisted or senior living seems like an impossible task. Don’t you need to have a medical background? Do you need a license? Can anyone do it? Instead of getting caught in analysis paralysis, Antoinette Munroe looked at the numbers, decided to take the jump, and hasn’t looked back. And after hearing her story, you might do the same!Antoinette found financial freedom in just a few years with vacation rental investing. She used the game-changing strategy of house hacking combined with short-term rentals to profit over a thousand dollars a month, all while living in her own house. She slowly started building her empire, buying one property a year while working towards financial independence. She reached her ultimate goal, retiring early after only a few years of investing. Then, things started to change.With new regulations rolling in, Antoinette had a large slice of her business about to be shut down or restricted at best. She needed to pivot to something that would make her the same money while still being passive enough to live the newly-retired lifestyle. When she heard about assisted living, she knew she had to run the numbers to see if the hype matched reality. The income was astonishing, and now she’s dedicated her time, money, and resources to building an assisted living empire that'll pay her much more than the vacation rentals before.In This Episode We Cover:The “game-changing” house hacking strategy that will help you reach financial freedom fasterWhy you DON’T need to build a large real estate portfolio to retire earlyShort-term rental regulations and how they’re delivering a blow to new investorsPivoting your strategy to make even more money when everything is going wrongAssisted living investing explained and how you can get in on the high-income actionThe funding/financing mistake that Antoinette made and why you MUST avoid itThe bright side of short-term rental investors and improving your community while making passive incomeAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelRob BiggerPockets ProfileRob's YouTubeRob's InstagramRob's TikTokRob's TwitterHear Antoinette’s Story on the “BiggerPockets Money” PodcastHere’s Why You Should Consider Investing in Senior LivingDo New Short-Term Rental Regulations Make Investing Risky?Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-710Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Before buying a rental property, real estate investing can seem scary. Only experienced landlords know how to deal with closing delays, overbudget rehabs, and tenant issues. But that doesn’t mean you have to come in blind on your first real estate investment. If you have the proper knowledge, expectations, and systems set up, you can build a real estate portfolio faster than the rest, which is what Ashley Kehr, author of Real Estate Rookie: 90 Days To Your First Investment, did.Ashley hosts the Real Estate Rookie Podcast, where she interviews new investors who have had one or a few successful deals. She’s seen what it takes for someone to go from bystander to investor and wants to make sure you can purchase your first investment property too. On today’s show, Ashley walks through her pre-closing checklist, where she details everything from due diligence to budgeting renovations and rehabs, how to negotiate with sellers, where to find insurance and more.This is just a brief glimpse at everything you can find in Ashley’s new book, and combining these golden nuggets with what is shared in Real Estate Rookie will get you on a faster path to landlord life and passive income. So, if you’ve been waiting to invest or feeling like you don’t know what you don’t know, this may be the perfect episode to start. Tune in, grab the new book, and get ready to make some property purchases in 2023!In This Episode We Cover:The pre-closing checklist and everything a new investor should do before they come to closingDue diligence and how to ensure title work, home insurance, and taxes are readyRenovation and rehab budgeting and how to build a scope of work even when investing out of stateNegotiating with a seller on both on and off-market deals and the pros/cons of using an agentHow to smoothly communicate with a seller or agent so you can get a deal done quicker (and with less stress)Landlord insurance and how to find a policy that works for you before you closeAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelReal Estate Rookie PodcastBooks Mentioned in the ShowLong Distance Real Estate by David GreeneReal Estate Rookie by Ashley KehrYou’re Not Listening by Kate MurphyHug Your Haters by Jay BaerConnect with Ashley:Ashley's BiggerPockets ProfileAshley's InstagramClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-709Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
There’s a big difference between a real estate portfolio and having a few rental properties. Casual real estate investors can slowly start stacking one or two units a year and eventually end up with financial freedom, but often with stress and headaches that match their cash flow. Other investors, like David Greene and Rob Abasolo, take a more goal-oriented approach, building millions of dollars of wealth in under a decade with a portfolio that is self-sustaining, not self-defeating. Our goal here at BiggerPockets is to help YOU find financial freedom by following the same steps as investors like David and Rob.In the same spirit, David and Rob have decided to sit down with three mentees and give them one-on-one coaching to get them to their ultimate goals. These mentees are all at different stages of their investing journey, focusing on different strategies with different properties. First, we talk to Philip, a school teacher who dreams of building out glampsites and campsites, all while developing cash-flowing retreat centers. Secondly, we talk to Wendy, an investor stuck in the “turnkey trap” who wants to escape her job and the low cash flow of “easy” investing. Lastly, we talk to Danny, a multifamily investor who wants to scale faster to regain his time.All of these mentees have the same goal: financial freedom. If you’re trying to find your way out of the rat race and into the wealth-building realm of real estate, these are the episodes for you. We’ll continuously be checking in on our guests, giving them action items, and helping them work through any roadblocks that come their way. So stick around for the journey; you might hit financial freedom faster!In This Episode We Cover:Investing in glamping, camping, and retreat centers and why developing may be a costly moveHow to find a real estate agent/broker who can source your PERFECT property (even if it’s VERY niche)The “turnkey trap” and why easier investing often leads to lower returnsWhy working in real estate as you build your portfolio is a cheat code for investors House hacking, rental arbitrage, and creative ways to rent your properties for moreHow to scale from small to large multifamily investing and how to find your own mentorAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelRob's YouTubeRob's InstagramRob's TikTokRob's TwitterRob's BiggerPockets ProfileHear Our Interview with the Discount Lots FoundersHow to Plan for (and CRUSH) Your 2023 GoalsBook Mentioned in the ShowLong Distance Real Estate by David GreeneClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-708Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The 1031 exchange is a strategy that helps investors build more passive income, with fewer properties, all while avoiding the tax man. While many real estate investors know about this strategy, only a few of them know it well enough to pull it off. The rules are simple; sell a property, buy another property with the proceeds, and pay no capital gains tax. But, this is far easier said than done, and it’s much easier to make mistakes than most people think. Even our real estate hero, David Greene, had a 1031 exchange go awry.To clear up the misconceptions, highlight the common mistakes, and guide us to tax-advantaged freedom, we’ve brought on 1031 exchange expert, Ryan Finch, to the show to share everything he knows about this misunderstood, often misused strategy. Ryan is a real estate investor at heart, house hacking as a sophomore in college to live for free. After working at multiple commercial real estate and development companies, he got the itch to start investing heavier himself and help others propel their wealth.Now, Ryan works to help real estate investors and everyday homeowners make the most out of their equity. Ryan has unlocked the tools that have allowed those with home equity to build passive income streams, buy bigger, better properties, and reduce much of their landlord burden, all in a single transaction. If you’ve been sitting on some post-2020 equity, this episode will teach you how to use it as fuel for your financial freedom fire, all while ditching the tax bill that comes with selling!In This Episode We Cover:The 1031 exchange explained and using it to avoid taxes (legally)Converting home equity into cash flow and when selling makes more sense than refinancingHow both the government and real estate investors benefit from the 1031 exchange What to know before you use a 1031 exchange and the three rules you MUST pay attention to1031 tax benefits, depreciation, and cost segregation to massively lower your tax billThe most common mistakes investors make when doing their first 1031 exchangeAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube Channel1031 Exchange—A Definitive Guide for Real Estate InvestorsWill a 1031 Exchange Help Grow Your Portfolio?How to (Legally!) Avoid Capital Gains Taxes on Real EstateRich Dad’s CPA on How ANY Investor Can Avoid TaxesIPXAsset Preservation IncFirst AmericanConnect with Ryan:Ryan's WebsitePhone Number: 720-439-6540Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-707Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Want to become a real estate millionaire? You’re in the right place. No matter how much money you’re starting with, how much experience you have, or how many Seeing Greene episodes you’ve watched, it’s ALWAYS possible to build wealth through real estate. But that’s easy for someone like David Greene and Rob Abasolo to say, right? They’ve already made it big, with millions of dollars in cash-flowing income properties. But they didn’t start like this.David and Rob have come together to ask themselves, “what would we do if it all came crashing down?” If both of them lost their entire real estate portfolios in one fell swoop, how would they build it back up? Today, we put these two real estate legends in the hot seat and give them the biggest nightmare scenario so they can show you exactly how to build a real estate portfolio from scratch, no matter where you’re starting.David and Rob will also be given certain dollar amounts to use in rebuilding their portfolio. So, if you’ve only got a thousand bucks on you, David and Rob will show you exactly how to use it best to catapult your wealth forward so you can become a real estate millionaire. If 2023 is going to be YOUR year to get started, get going, and get one step closer to financial freedom, we’d suggest following David and Rob’s plan!In This Episode We Cover:The biggest challenges real estate investors face today (and how to solve them)Raising private capital, real estate syndications, and how to use other people’s money to build wealthMistakes to avoid when building (or starting) your real estate portfolioThe four steps to take when rebuilding a real estate portfolio and why building your network is so crucialRental arbitrage and why it’s a great no money down strategy for cash flowHouse hacking and the low down payment loans you can use to buy properties for cheapBoosting your brand, creating content, and how to build a reputation in real estateAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelRob's BiggerPockets ProfileRob's YouTubeRob's InstagramRob's TikTokRob's TwitterListen to Part 16 Mistakes to AvoidHow to Make 100% Passive IncomeHow to Build a Real Estate Portfolio from SCRATCH in 2023The Ultimate Guide to Airbnb Rental ArbitrageHow to Become a Real Estate Millionaire (NO Experience Necessary)Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-706Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
You may know how to build a real estate portfolio, but how do you build an unshakeable one? Most real estate investors think that buying a few dozen dirt-cheap houses is all they need to do to make millions and live a life full of passive income. This is far from reality, as your entire net worth could come crashing down as soon as a housing market crash, correction, or new rental policy comes into play. So how do you build a sustainable real estate portfolio—one that will grow your wealth even during the worst of economic times?David Greene has touched on this topic numerous times, often referring to “portfolio architecture” as one of the most crucial aspects of building wealth through real estate. This strategy not only helps you grow wealth but keep it even when everything goes wrong. Don’t believe us? Listen to David and Rob’s individual stories on what happened to their portfolios during the 2020 lockdowns and how quickly they bounced back while other investors had to completely rebuild.In part one of this two-part podcast, David and Rob will go through the most common weaknesses in their real estate portfolios, what could cause everything to come crashing down, and the five most important keys to portfolio architecture. They also talk about diversification and how having just one type of real estate in one location could be a huge mistake.In This Episode We Cover:Why cash flow isn’t as reliable as most investors think and why you CAN’T depend on itThe few things that could completely destroy your real estate portfolio Liquidity and how much cash to have on hand/ready to deploy when things go wrongWhy all real estate investors should strive to be “broke millionaires”Real estate diversification and why you want to own rentals in more than one marketThe five factors of portfolio architecture that EVERY investor must pay attention toAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelRob's BiggerPockets ProfileRob's YouTubeRob's InstagramRob's TikTokRob's TwitterBuy-and-Hold Investors—Don’t Forget to DiversifyIs The Housing Market About to Collapse?How to Build a Rental Portfolio That Nets $10K a Month4 Tips to Balance Out the Highly Seasonal Nature of Vacation RentalsClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-705Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Land flipping is an unusual real estate investment. Unlike all the rest, there are no utilities, renovations, or tenants to take care of. It’s really as simple as buying a piece of land with high demand and finding a seller who either wants to build or sit on it. But can it be that easy? If land flipping is low cost, low risk, and high reward, why aren’t more investors buying raw land? What are everyday real estate investors like us missing that land flippers like Paul Hersko and Willie Goldberg understand?Paul and Willie, like many investors, didn’t start out in real estate. Willie worked in investment banking while Paul was busy running an ecommerce business. Both were feeling unfulfilled by their work and wanted to build something bigger and better on their own. After a casual skydiving session, Paul and Willie realized they'd be perfect partners together, deciding that buying, selling, and financing raw land was what interested them most.Now they’re making massive multiples on literal dirt, selling plots online to investors and retail buyers who want to own real estate without the big banks, down payments, and high interest rates. Paul and Willie have built an entire business around these types of deals, and even though land is low-cost, you'd be surprised by how much they make off of a simple land sale. This could be the best low-risk real estate investing out there! In This Episode We Cover:The benefits of buying and selling raw land and why it’s far less stressful than regular rental property investing Flipping land and why offering owner financing almost always gets the deal done Building a scalable system for your real estate business and the crucial KPIs to trackThe risks behind buying raw land and pitfalls to look out for when getting startedWhy banks refuse to lend on raw land and using the lack of loans as an opportunity The one US state that Paul and Willie refuse to buy land in And So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelDirt Cheap Land Flipping and Reaching Motivated SellersHow To Buy Land & Questions To Ask Before Making Your First InvestmentInvesting in Vacant Land 101Work with Discount LotsBooks Mentioned in the ShowAm I Being Too Subtle by Sam ZellThe Hard Thing About Hard Things by Ben HorowitzMade in America by Sam WaltonConnect with Willie & Paul:Paul's WebsiteWillie's WebsiteClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-704Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Don’t think you know how to buy a rental property? Give us just one hour of your time, and you’ll be able to score your first investment property in the next ninety days! No gimmicks, jokes, or get-rich-quick schemes—David Greene and the BiggerPockets team designed this plan specifically for rookie real estate investors who want to get into the investment property game as soon as possible. So, if you’ve been waiting on the sidelines, hoping to one day reach financial freedom, now is the time to plug in and get ready to invest!David Greene has been investing in real estate for over a decade. Before that, he was a police officer working almost every day of the week, scraping enough money together to buy his first rental property. He reached financial freedom in only a few years, but it took grit, determination, and a tenacious effort to keep moving forwards. Now, he wants to teach you how to do the same, by buying your first rental property in 2023, even with the wild housing market we have on our hands.David walks through six actionable steps you can start taking to get your first property under contract in just ninety days! If you can carve out fifteen minutes of your workweek for the next few months, we know you’ll be closer to investing than ever before. Anyone can follow these steps to start buying real estate, no matter how much experience or money they're starting with. Ready to invest? Hit play! In This Episode We Cover:How to buy your first rental property in ninety days (or less)The six steps ANY investor can take find, analyze, fund, and buy an investment property Where to find real estate deals and the easiest (and hardest) way to do soAnalyzing a live deal using the BiggerPockets Rental Property Calculator Funding your first rental property and how to do so even if you have no money Why real estate investors LOVE BiggerPockets Pro (and why you will too!) And So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelSign Up for BiggerPockets Pro and Use Code “GOALS2023” for a Special DiscountRental Property CalculatorRent EstimatorPro-Exclusive VideosAlready a BiggerPockets Pro Member? Get the Bonuses from Today’s WebinarFind an Investor-Friendly LenderClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-703Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Renting vs. buying a home, forty-year mortgages, HELOCs, and relationships vs. real estate. There’s something for everyone on this episode of Seeing Greene, as David tackles questions that go far beyond just basic investing. And as the housing market continues to get even more confusing, homebuyers, landlords, and sellers are stuck with some serious debates that only an expert agent, mortgage broker, and investor like David can answer!When choosing to rent vs. buy a home, David uses some geographic-specific data to decide which markets make more sense to own. Then, we have a question on how an interest-only mortgage works, and whether not paying into principal is a waste of time or a better option for cash-flow-strapped landlords. If you’re thinking of buying a property in all cash, David has some advice as to why now may not be the time to use loan-free dollars to get a better deal. Finally, David takes a more personal question from a listener, asking when to put real estate over relationships and why dating feels like a “waste of time” when trying to build wealth.Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!In This Episode We Cover:Buying vs. renting and when house hacking makes sense EVEN if you lose money every monthUsing a HELOC (home equity line of credit) to buy your first rental and the dangers of doing soInvesting in your business vs. buying more real estate and when to do bothThe “lease-back” agreement and why it’s a phenomenal way to get a tough deal doneBuying rentals in cash and why it may be a mistake as the markets shifts more to the buyersHaving a social life vs. investing and why so many investors find dating a waste of timeAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelRenting vs. Buying a House: Which Makes More Sense in 2022?The Pros and Cons of a Lease Forward (or Lease Back)Should You Pay Cash for a House? Maybe Not—Here’s WhyLearn More About David’s Full Real Estate TeamBooks Mentioned in the Show:SOLD by David GreeneSKILL by David GreeneClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-702Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The housing market is an unstable beast. As soon as you’ve got your footing in one strategy, it violently jerks you into another, often by force. This is how most investors felt during the great recession as flipping profits dried up, home sales fell off a cliff, and investors were faced with a tough question, “who’s going to buy these deals?” While many investors stood on the sidelines, hoping that someone would save them, Eric Brewer did something much different, and it’s a move that’s paid off heavily over ten years later.Before the crash, Eric was a car salesman, but he wasn’t the type you’re imagining. His main strategy was “talk to everyone,” and it earned him salesman of the month almost every month. But selling cars didn’t make for a family-friendly schedule, so he pivoted into real estate investing and took the dealership’s owner with him. They were flipping hundreds of houses a year, making tenfold what they were used to when selling cars. But then the housing crash happened, and once again Eric needed to pivot.Now, instead of just flipping, he’s doing wholesale deals, novation contracts (MUCH bigger profits than wholesale), turnkey rental sales, and more. As the housing market has changed, so has Eric’s mindset, never betting on one strategy to be the one that brings home the bacon. Eric has stayed ahead of the game, blatantly ignores the “expert advice” off-market investors like to peddle, and pivots as soon as the market shows signs of a move. In this flip-flop market we’ve experienced over the past two years, this is EXACTLY what investors need to hear. In This Episode We Cover:How Eric closes on over thirty real estate deals a MONTH using simple marketing tactics The biggest “buyers list” no one knows about, and why you won’t find it where you’d thinkWhy most people HATE salespeople, and how to get around the common seller/buyer objections BRRRRing > flipping and why the tax code favors holders over flippers Eric’s top ways to find off-market deals and why you should NEVER disqualify a lead Novation deals and why they’re better and more profitable than wholesaling in 2023And So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelRob's YouTubeRob's InstagramRob's TikTokRob's TwitterRob's BiggerPockets Profile7 Situations That Cause Investors to Pivot ( & How to Play the Cards You’re Dealt)The Best Kept Secret for Finding Off-Market DealsHow To Find Great Deals by Building an Off-Market ListCrash or Correction: Are We Repeating 2008’s Mistakes?Connect with Eric:Eric's BiggerPocketsEric's InstagramEric's WebsiteClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-701Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Rob Dyrdek is one of the most well-known pro skaters, entrepreneurs, and media figures of all time. He essentially owned the MTV lineup for years with hit shows such as Rob & Big, Rob Dyrdek's Fantasy Factory, and Ridiculousness. At first glance, Rob may look like a phenomenal skater who turned his passion into something profitable. But behind the half pipes is an almost unbelievable amount of discipline, wisdom, and time optimization that only a select few know about.Rob, like many entrepreneurs, ditched school early on when he realized that his talents were best used elsewhere. He left high school at sixteen, went on to compete in the highest level of skateboarding, and started his first company at seventeen. He was bringing in millions of dollars a year at an age where money is almost incomprehensible. Rob was fueled by creation, starting dozens of businesses that were doing millions in revenue but weren’t making a financial difference in his life. So, he took a high-level view of what was worth keeping and cut out everything but that.From then on Rob began investing down two major avenues—businesses and real estate. Most people who follow Rob know about the former, but very few know about the latter. Now, Rob’s on the show to help us celebrate the 700th episode of the BiggerPockets Real Estate Podcast and show us how we too can make millions of dollars by tracking every minute of our day as intelligently as possible. In This Episode We Cover:Becoming an entrepreneur and Rob’s earliest business venturesWhy quantity over quality is key when building businesses and brandsReal estate syndications and why Rob will only touch a certain type of propertyThe “soul-sucking” landlord life and why it is NOT for everyoneRob’s recession-proof plan that will make him millions even as investing fear peaksTracking your life and how doing so will make you richer and happier almost automaticallyBuilding your financial framework and how so many doors open after you do soAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelRob's YouTubeRob's InstagramRob's TikTokRob's TwitterRob's BiggerPockets ProfileWhy Elite Investors Know Exactly How Much Their Time Is WorthSyndications and Everything You Need to Know BEFORE You InvestHere’s What It Takes to Succeed as an EntrepreneurConnect with Rob Dyrdek:Rob's WebsiteRob's InstagramRob's TwitterRob's PodcastClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-700Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Comments (144)

Bill Falagitis

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.

Oct 23rd
Reply

Jeramy Jasmann

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.

Sep 23rd
Reply

Advisory Services

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Sep 19th
Reply

steve

.

Jul 26th
Reply (1)

Vernon Martin

Great content! but was chopped up and had random interruptions.

Jun 11th
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Christopher Pedersen

CENTRAL PNEUMATICsk nk N 1/5 HP 58 PSI Oil-Free Airbrush Compressorj. ImKit . N Mkn M.

Jun 5th
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baner Pune

really appealing and approaching content for reading and implementation purpose. Property Management Software

May 23rd
Reply

Ian Middleton

appreciate the content but your voices sound like robots...too much compression maybe?

Mar 10th
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Coach T

What’s up with image for this episode? This isn’t a rock podcast lol

Mar 2nd
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ID23432660

Can we discuss how he as a 7 figure income and that clearly affected how quickly he was able to grow? I’m still looking through all the episodes but let’s discuss the people who start from nothing and get into real estate- how do they do it? A small percentage of people have a 7 figure income. Thx

Feb 16th
Reply

Supama Devu

Josh, Brandon thanks Al it for all the help and wisdom. I were 7 years sleeping in a sofa while full of debts and depression, I discovered BP on YouTube and my life has such a change that is night and day compared to before, not only you guys gave hope you guys showed me how to do it, Mindy and Scott too put their part, I used the knowledge from you guys and moved to another country, got my 1st property that I'm living for free while still get cash flow,and looking forward to get the next one if the numbers make sense. josh your "why" was the main reason I got into this, my why is my family and seen you how has changed so much and keep going full for yours give hope that may be one day I could do It too. Brandon thanks for all those years I learned so much from you guys that there's no way to pay it back. David Mr analogy green, you're doing a great job,keep improving and getting better, I'll stick around to see you grow this podcast even higher, don't let me down.

Dec 30th
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Derrick Sousley

totally not a fan of top grading he discussed..worked for a company who did that and made for a ridiculous hiring process, 3 hour interviews are nutty..just my opinion. everything else he says is great stuff!

Dec 6th
Reply

Matthew Watson

Idk if it is just castbox or all of the podcasts are this way but the last several I have listened to there are parts missing and/or it repeats sections. For example in this one at 36:11 it did this and it did it one other time before this that I did not write down. I have compared them to the YouTube version and there are definitely sections that are missing.

Nov 7th
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Ivan Terrero

pure gold..

Nov 7th
Reply

Colton Harthoorn

ikhip nov back can NCC can I I bnnvccggv can cc nmmvc need xbzzzc CNN be cum l loo c cc cc😁😁🤣bb

Sep 16th
Reply

Vicki M James

what the full name or author of the Attraction book?

Aug 30th
Reply

First Name

27:20

Aug 20th
Reply

Robert Lee

full time fireman means he's got a crap ton of free time at the firehouse to work on side hustles. source: bunch of firefighters in my family.

Jul 11th
Reply

Robert Lee

full time fireman means he's got a crap ton of free time at the firehouse to work on side hustles.

Jul 11th
Reply

James Timothy

what was the name of the book he said that he just read? "Life in air"?

Jul 4th
Reply (2)
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