Introduction | 2min snip from BiggerPockets Real Estate Podcast

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772: Stop Looking for Perfect Properties, Search for These Instead

BiggerPockets Real Estate Podcast

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CHAPTER

Introduction

David Green: The people buying now are the people who were buying in like 2009, right? Like those people were pumped that they bought in 2009. This is what it looks like to build swaths. Not pretty now, but I think it'll be beautiful in the long run. We understand where the person's coming from, right? The one-star review may not have even been reflective of us. It could have just been frustration with the market or it might be that we're shooting straight with everybody.

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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!

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