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How to Make Your Deal a Good Deal
Real estate is about buying something for less than it's worth and then capitalizing on that. Most people believe they're overpaying for real estate at the time they buy it. We always think we could have got the deal better. It's time that really creates the wealth in real estate.
Real estate investing has changed a LOT over the past few years. For most people getting into rental property investing in the mid-2010s, profitable properties were plentiful, cash flow was almost automatic, and equity was flowing in the tens (if not hundreds) of thousands every year. Unfortunately, this real estate market is long gone. Now, there’s blood in the streets as new investors try to salvage sickly-looking deals that don’t cash flow and come with pathetic-looking profits. And maybe, just maybe, that’s why now is the best time to buy.
Make no mistake, real estate investing isn’t easy, and just buying any house WON’T make you rich. But, the 2023 housing market has far more opportunity than most people think, and David Greene, Henry Washington, and Rob Abasolo are here to explain how. These three investors have been gobbling up rental properties as quickly as possible. And even with lower margins, slim cash flow, and limited equity, there is some method to their madness.
If NOTHING you’re looking at is cash flowing and almost every home seems overpriced (especially with today’s mortgage rates), this is THE episode to tune into. In it, David, Henry, and Rob will detail how you can “create” a profitable property while the masses sit on the sidelines, as well as go over real, authentic deals they’re doing today to show you it isn’t impossible to invest in 2023.
In This Episode We Cover:
How to analyze a real estate deal and what to do if none of the properties show a profit
The 2023 housing market and how things have changed over the past few years
Investor expectations and why the times of “get rich quick” are long gone
How to build, buy, or force equity into your rentals so you get rich in the background
Simple steps the average investor can do to make their real estate deals work
Renting vs. flipping and which exit to take in a volatile housing market
And So Much More!
Links from the Show
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
Introduction to Real Estate Investment Analysis
How To Analyze A Short-Term Rental In 2023
The Housing Market “Signals” That Predict Where We’re Headed in 2023
Connect with Henry:
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-772
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