733: 3 Real Winning Deals in 2023 (and Where You Can Find Them!)
BiggerPockets Real Estate Podcast
How Did You Come Up With the 210 Number?
When you first offered on the house, list price was 295. You got it for 210, which is nearly 30% below list price. How did you do that? We took into consideration what comps were and what we estimated rehab would be if he was going to flip. So that's where we landed at based on those things.
The housing market is heating up as homebuyer season comes back in full swing. For the past few months, most real estate investors have assumed that high interest rates and low inventory would stop first-time homebuyers from making offers on houses. But, most of us assumed wrong. At the start of this year, demand started picking back up, causing investors to pivot to get offers in quickly. So, if you’ve been waiting to buy your first or next deal, now may be the perfect time to start analyzing properties, sending in offers, and getting your property portfolio started. But you can’t do it without an elite agent!
We brought in three of the nation’s top agents to tell us what’s happening in their markets, what types of deals they’re doing, and how you can make the most off your next purchase. We first welcome back Dahlia Khalaf from ASN Realty in Tulsa, Oklahoma. She’s recently helped a client get into a “double dip deal” that resulted in tens of thousands in profit on a deal that almost any beginner investor could do. But they had to get creative to find it! Next, we bring back Rob Chevez from Washington, D.C., who’s worked out an interestingly debt-ridden real estate deal to help his investor client pull in some SERIOUS cash flow from short-term renting.
And lastly, who could forget about our own David Greene? He’s California’s favorite real estate agent, and his team has been using the house hacking strategy to help first-time homebuyers subsidize a SIGNIFICANT portion of their mortgage. Even better? This deal required no money down and allowed his clients to lock in a low mortgage rate and a low cost of living while in one of America’s most expensive cities, San Diego.
If you want a home run deal like any of the ones discussed on today’s show, head to BiggerPockets’ Agent Finder to find an elite investor-friendly agent in your area.
In This Episode We Cover
Why the housing market is heating up as homebuyers come back with higher demand
Wholetail real estate deals and how to flip a property without ANY renovation costs
How to find off-market deals and targeting homes that have been sitting on the market
Home liens and using them to find sellers who are willing to give a discount on their properties
Whether or not cash flow is still possible in 2023 and which strategies will bring in the highest rents
House hacking and using this strategy to lower your cost of living significantly
Rate buydowns, seller credits, and more ways to come to closing with less money
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
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
BiggerPockets Podcast 697 with Dahlia, Rob, and David
Connect with Dahlia and Rob:
Dahlia's BiggerPockets Profile
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-733
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