BiggerPockets Real Estate Podcast

BiggerPockets
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77 snips
Aug 8, 2023 • 55min

802: Codie Sanchez: Passive Income is a Scam, Do This Instead

Codie Sanchez doesn’t believe in passive income but still makes millions of dollars a year with businesses that don’t require her input. To her, building businesses isn’t the “set it and forget it” dream that most investors think it will be, but it sure beats having a job. Codie has built her wealth by buying “boring” businesses that most people overlook. Car washes, laundromats, and self-storage are some of her portfolio favorites, and they could make you a killing too.So, what business should you buy? In today’s episode, Codie goes over the exact type of businesses real estate investors should be looking into, what to do before you even begin your search, and how to hire someone else to run the business so you don’t have to. But you might think, “I have no experience doing ANYTHING like this.” Thankfully, you don’t need to be a former CEO or investing expert to buy profitable boring businesses, but you need something almost everyone has.From there, Codie dives deep into the secret of “talent management” and how to keep great employees around while making them rich, plus the one partnership tip that could stop you from getting scammed and losing hundreds of thousands of dollars (this happened to Codie). Want to buy a business and leave your nine-to-five behind? Tune in!In This Episode We Cover:How to buy a “boring” business that will build wealth for you The passive income scam and why the money you make comes with a costHiring out your business so you can spend time doing what you wantThe talent management “secret” and how to keep the best employees around for decadesThe businesses that real estate investors should look at buying Codie’s rules of thumb that she follows when buying ANY type of businessAnd So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets 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 ChannelWork with DavidRob's BiggerPockets ProfileRob's InstagramRob's TikTokRob's TwitterRob's YouTubeBiggerPockets Real Estate Podcast 614BiggerPockets Money Podcast 416BiggerPockets Business Podcast 105Buying and Growing a Small Business With Little to No RiskBooks Mentioned in the Show:Winning by Tim GroverConnect with Codie:Contrarian ThinkingCodie's InstagramCodie's LinkedInCodie's TwitterCodie's YouTubeClick here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-802Interested 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
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5 snips
Aug 6, 2023 • 1h 5min

801: The Secret to Building a Rental Portfolio With Limited Time, Money, or Experience

No time or money to invest? You need a real estate partnership. What keeps almost every real estate rookie from investing is the fear that they’ll fail or that they don’t have enough to get started. But what if you could join forces with an experienced investor and learn the real estate investing game while gaining equity? Or, what if you’re busy making money from a high-paid job or business and don’t want to manage tenants, toilets, or trash? Well, there’s a good chance a partnership could take your passive income to the next level.To help unlock the world of real estate partnership, Ashley Kehr and Tony Robinson from the Real Estate Rookie podcast join us and give a glimpse into their new book, Real Estate Partnerships. In it, they talk about the four reasons why most investors need a partner, where to find the right person to invest with, the different types of partnerships (equity vs. debt), and red flags that you CAN’T ignore.Both Ashley and Tony have built multimillion-dollar real estate portfolios thanks to partnering up. So, if you’ve tried to go at it alone and aren’t having much luck building wealth, this may be your sign to start searching for a partner who will help you build your rental property portfolio!Grab your copy of Real Estate Partnerships and use code “PARTNER801” at checkout for an exclusive discount.In This Episode We Cover:The four signs that you NEED a partnership to succeed in real estate The red flags to RUN away from if you see them in a potential partner Debt partnerships vs. equity partnerships and how the wrong one could kill your dealThe partnership agreement and why you MUST sign one before you start investing together Where to find the perfect real estate partner (they’re closer than you think!)And So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets 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 ChannelWork with DavidRob's BiggerPockets ProfileRob's InstagramRob's TikTokRob's TwitterRob's YouTubeGrab Your Copy of “Real Estate Partnerships” and Use Code “PARTNER801” at CheckoutHow to Use the DISC Profile to Communicate Effectively in BusinessConnect with Ashley & Tony:Ashley Kehr's BiggerPockets ProfileAshley's InstagramReal Estate Rookie PodcastTony Robinson's BiggerPockets ProfileTony's InstagramClick here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-801Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.Recorded at Spotify Studios LA. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Aug 3, 2023 • 47min

800: Million-Dollar Advice from Millionaire Investors Codie Sanchez, Alex and Leila Hormozi, and More!

Want to be a millionaire? We sat down with Codie Sanchez, Alex and Leila Hormozi, Mikey Taylor, Cody Davis, Christian Osgood, and other multimillionaires and distilled their most critical investing, business, and entrepreneurship advice into one episode. But we couldn’t unleash all this wealth-building content on any old episode, so we packaged it up and made it into our episode 800 special!This time, we’re not just hearing from one successful guest but dozens of them as we get their take on the biggest mistakes, the worst wastes of money, the best advice they’ve ever received, and whether or not you’re too old (or young) to get rich. You’ll hear what’s holding them back today and the one thing they wished they had done earlier that would have made them millions more and saved thousands of hours.Stick around because this episode is a masterclass on making your first (or next) million from investors who are playing the game better than anyone else. Be sure to keep an eye on the BiggerPockets feed, as these full interviews will be released over the next few weeks! In This Episode We Cover:What you should NEVER ignore if you’re building a rental portfolio or businessWhy focusing on making money while you’re young is a WASTE of time The $3,000 purchase that Alex and Leila Hormozi wish they could take backWhy you DON’T need money to make millions and an eight-figure mistake you CAN’T repeatBuilding your systems and processes NOW so you can relax while others work for youShiny object syndrome and how it’s secretly making you broke And So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets 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 ChannelWork with DavidRob's BiggerPockets ProfileRob's InstagramRob's TikTokRob's TwitterRob's YouTubeConnect with The Guest:Alex Hormozi's InstagramAlex's Latest EpisodeAndrew Cushman's BiggerPockets ProfileAndrew's Latest EpisodeAshley Kehr's BiggerPockets ProfileAshley's InstagramReal Estate Rookie PodcastChristian Osgood BiggerPockets ProfileChristian's InstagramChristian's Latest EpisodeCodie Sanchez' InstagramCodie's Latest EpisodeCody Davis' InstagramCody's Latest EpisodeDanny's (Mentee) BiggerPockets ProfileJason Lee's Instagram Leila Hormozi's InstagramLeila's Latest EpisodeMikey Taylor's InstagramPhilip's (Mentee) BiggerPockets ProfileSoli Cayetano's BiggerPockets ProfileSoli's InstagramTony Robinson's BiggerPockets ProfileTony's InstagramWendy's (Mentee) BiggerPockets ProfileClick here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-800Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.Recorded at Spotify Studios LA. Learn more about your ad choices. Visit megaphone.fm/adchoices
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4 snips
Aug 1, 2023 • 1h 1min

799: 3 Steps to Building a Simple, Safe, "No Bank" Rental Property Portfolio w/Cody Davis and Christian Osgood

You can build a multifamily real estate portfolio without a ton of money, risk, or time. Cody Davis and Christian Osgood built their multimillion-dollar rental property portfolio in a matter of years, using strategies that ANYONE, no matter their experience level, can use. But, how they do things is a little unconventional and probably goes against everything top real estate investors have been telling you.While the world looked to lock down as much debt as possible during 2020-2021’s low mortgage rates, Cody and Christian sought something else. This dynamic investing duo wanted long-term debt on excellent properties that could be paid off quickly, enabling them to own their portfolio outright. This meant that Cody and Christian would have to sacrifice a substantial amount of cash flow, keep their spending low, and only buy the best properties out there.How Cody and Christian bought the properties is a strategy you most likely haven’t heard of before. It’s so ingenious that if you follow the same steps as Cody and Christian, you’ll be able to get THE best properties, at the best price, from a seller who WANTS you to make money off them. Doesn’t sound possible in such a cutthroat industry, does it? Stick around to learn the EXACT steps Cody and Christian took to build their low-risk, high-reward, eight-figure portfolio.In This Episode We Cover:How Cody and Christian built a 130-unit rental portfolio in just a few yearsThe three simple steps to seller financing and why you NEVER ask if an owner is sellingWorking with realtors and how to turn on-market deals into off-market steals Where to find seller-financed properties and owners that are most likely to sellMortgage rates, bank loans, and how to choose your own terms on your next loanHow to NEVER lose your wealth and why most investors are in for a rude awakeningAnd So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets 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 ChannelWork with DavidRob's BiggerPockets ProfileRob's InstagramRob's TikTokRob's TwitterRob's YouTubeBiggerPockets Podcast 554 with CodyBiggerPockets Podcast 605 with ChristianHow Cody Davis Acquired 81 Units By The Time He Turned 21The Definitive Guide to Using Seller Financing to Buy Real EstateConnect with Cody & Christian:Cody's InstagramChristian's InstagramChristian's BiggerPockets ProfileYouTubeWebsiteClick here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-799Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.Recorded at Spotify Studios LA. Learn more about your ad choices. Visit megaphone.fm/adchoices
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9 snips
Jul 30, 2023 • 1h 12min

798: Leila and Alex Hormozi’s Unbelievably Simple Investing Advice

Leila and Alex Hormozi are arguably the most popular business owners on the internet. After growing Gym Launch, one of their first major brands, and selling it for many millions, Leila and Alex knew that they had the secret sauce for building businesses. When someone asked them to use the same strategy for another brand, the idea of Acquisiton.com was born, and the seven, eight, and nine-figure wealth building began.Now, Leila and Alex are running Acqusition.com at a rate that most entrepreneurs couldn’t even fathom. Their monthly revenues alone blow most businesses’ yearly numbers out of the water. And they’re doing it all as husband and wife, with less bickering and a lot more business getting done. Almost every wannabe entrepreneur wants what Leila and Alex have, so what’s their blueprint to success?In this episode, Leila and Alex break down how they’ve built their nine-figure businesses, the secret to scaling your brand and making millions, the do’s and don’ts of working with your spouse, and Alex’s new book, $100M Leads. This is a masterclass in running your business the RIGHT way, and if you want to build multimillion-dollar wealth, you CANNOT miss this episode.In This Episode We Cover:Leila and Alex’s business blueprint and the exact way they build their brands The secret to scaling and why it’s SO hard to hire the right people Leila and Alex’s surprisingly simple investing advice that the wealthy followWorking with your spouse and when you should (and shouldn’t) invite your partner to work with youWho you should hire FIRST when building your small business The eight ways to build eight-figure revenue streams for your business And So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets 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 ChannelWork with DavidRob's BiggerPockets ProfileRob's InstagramRob's TikTokRob's TwitterRob's YouTubeHear Our Previous Interview with AlexSign Up for the “$100M Leads” Live Virtual EventLeila on How to go from $0 to MILLIONAIREBooks Mentioned in the Show$100M Offers by Alex HormoziConnect with Alex:Alex's InstagramAlex's LinkedInAlex's TwitterAlex's WebsiteConnect with Leila:Leila's InstagramLeila's LinkedInLeila's TwitterLeila's WebsiteClick here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-798Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.Recorded at Spotify Studios LA. Learn more about your ad choices. Visit megaphone.fm/adchoices
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6 snips
Jul 27, 2023 • 1h 1min

797: 7 Rentals in 3 Years by Breaking All the Real Estate Rules w/Jenni Vega

Most people take YEARS to buy their first rental property, but most people aren’t Jenni Vega. Instead of waiting, Jenni bought seven rentals in just three years, with almost unbelievable cash flow on each using what she calls the “golden triangle” method of investing. With this simple framework, Jenni was able to buy undervalued properties in cities that most investors don’t even have on their radar. The properties are cheaper, the profits are bigger, and if you copy Jenni’s method, you, too, can build a six-figure side income stream in just a few years.Surprisingly, Jenni still keeps her day job as a Cutco closing gift saleswoman. In fact, it’s what got her into real estate. After working with dozens of realtors a week, Jenni learned about buy and hold rental property investing. It didn’t take long before she bought her first property in an area most investors would avoid. But, thanks to careful planning and intentional investing, Jenni turned this cheap property into a $50K/year revenue stream. And that was just the start.Now, breaking all the “real estate rules,” Jenni is out to prove that almost any property can become a profitable vacation rental. Whether she’s adding game rooms, "redneck mini golf" courses, or cowboy pools, Jenni has turned lackluster properties into top-performing short-term rentals. If you follow her advice, you can do it too!In This Episode We Cover:The “golden triangle” method that ensures your rental will always be fullBreaking the “real estate rules” and why boring locations bring in BIG cash flowQuitting your nine-to-five and why keeping your active income stream may be a better ideaUnique amenities that will make your vacation rental stand out in a saturated market The short-term rental listing tip that could give you a boost in bookings How to invest in short-term rentals in 2023 (and what to avoid before you start) And So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets 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 AreaRob's BiggerPockets ProfileRob's InstagramRob's TikTokRob's TwitterRob's YouTubeTony's BiggerPockets ProfileTony's InstagramTony's YouTubeHear Tony on the “Real Estate Rookie” PodcastSubscribe to the “Real Estate Rookie” YouTube ChannelLearn About Tony’s Recent Deal Gone WrongBooks Mentioned in the ShowHOLD: How to Find, Buy, and Rent Houses for Wealth by Steve Chader and Jennice DotyConnect with Jenni:Jenni's BiggerPockets ProfileClick here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-797Interested 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
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12 snips
Jul 25, 2023 • 40min

796: 2024 Housing Market Predictions and 3 Underrated Real Estate Markets to Watch

We’ve got 2024 housing market predictions coming up in this episode. But don’t worry, David and Rob haven’t put their careers on the line to try and guess where home prices will be next year. Instead, we brought the expert panel from On the Market to give their best real estate predictions so David and Rob remain safe in the eyes of our darling listeners. Dave Meyer, host of On the Market and BiggerPockets VP of Data and Analytics, recaps the 2023 housing market and tells us what (and where) to look for as the year’s second half begins.Dave and the expert investor panel will review everything that happened over the past six months in real estate. From home prices correcting and failing to crash to inventory falling back down to historic lows, days on market dwindling, and the “lock-in effect” for homeowners, the 2023 housing market turned out to be nothing we would have expected. But is there hope for rental property owners and real estate investors?To answer that, our guests will give their mortgage rate, recession, and home price predictions. But that’s not all. They’ll also uncover some of the most underrated real estate markets across the nation, all showing strong signs of growth and huge profit potential. Get in before the masses do, and for more up-to-date real estate data, check out On the Market! In This Episode We Cover:The housing market correction explained and why we never had the crash so many predicted Inventory updates and why homeowners are too “locked-in” to sell their homesMortgage rate predictions and where we could see rates end up in 2024 Home price forecasts and why one expert guest still thinks we’ll see sizable price jumpsThree “under the radar” real estate markets that you’ve (probably) never heard of The #1 place to live in the US that has homes for half the US average! And So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets 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 AreaListen to The “On The Market” Podcast Wherever You Listen to Podcasts:BiggerPocketsApple PodcastsSpotifySubscribe to the “On the Market” YouTube ChannelThe BIG Economic Implications of US Bank Failures w/Mark ZandiNW Arkansas Skyline ReportsConnect with Dave, Kathy, Henry, & James:Dave's BiggerPockets ProfileDave's InstagramHenry's BiggerPockets ProfileHenry's InstagramHenry's WebsiteJames' BiggerPockets ProfileJames' InstagramJames' WebsiteKathy's BiggerPockets ProfileKathy's InstagramKathy's WebsiteClick here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-796Interested 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
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19 snips
Jul 23, 2023 • 1h

795: Making $10K/Month with a “Small and Mighty” Rental Portfolio w/Chad “Coach” Carson

Rental properties and early retirement go together like peanut butter and jelly. If you want to leave your nine-to-five behind, make six figures, and have ultimate time freedom, real estate investing may be your best bet. But, with so many influencers constantly pushing “more doors,” it seems like real estate is becoming a death race to retirement, not something that grants total financial freedom. If you want to ACTUALLY retire early, with fewer headaches, and a lot of passive income, Chad “Coach” Carson is who you should listen to.For the past year, Chad and his family have been living abroad in Spain. He’s taken time to learn Spanish, lounge around, and have a siesta while his rental properties create his passive income. The best part? Chad spends two hours (yes, TWO) a week running his rental property portfolio. But Chad didn’t need to build a real estate portfolio of a billion units to accomplish his goal of ultimate time flexibility. Instead, he built a “small and mighty” portfolio.In today’s episode, Chad walks through how to build a rental property portfolio that will help you reach financial freedom without owning hundreds of units. He also uncovers why debt and leverage aren’t always the best option and why you should pay off your properties before they’re due! You can learn more about Chad’s exact strategy in his new book, “The Small and Mighty Real Estate Investor.” Use promo code “SMALL795” for a special discount!In This Episode We Cover:How to retire early with rental properties and only work two hours per weekWhen to take profits and when to reinvest in your portfolioDelayed gratification and why you SHOULD take “mini-retirements” on the road to financial freedomThe five most commonly believed myths about building a real estate portfolio Paying off your rentals early and the double benefit of being debt-freeAnd So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets 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 ChannelWork with DavidRob's BiggerPockets ProfileRob's InstagramRob's TikTokRob's TwitterRob's YouTubeBiggerPockets Podcast Ep 84BiggerPockets Podcast Ep 141BiggerPockets Podcast Ep 293Real Estate Rookie Podcast Ep 306BiggerPockets Money Podcast Ep 19Books Mentioned in the ShowBRRRR by David GreeneLong-Distance Real Estate Investing by David GreenePick up your copy of “The Small and Mighty Real Estate Investor” and use code “SMALL795”Connect with Chad:Chad's BiggerPockets ProfileChad's PodcastChad's YouTubeClick here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-795Interested 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
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6 snips
Jul 22, 2023 • 44min

BEFORE You Buy: How to Know Your Market (and Property) Will Make it In 2023 w/Dave Meyer

Is your market worth buying in? With the economy on shaky footing, now ISN’T the time to guess. And once you find your investing area, how do you ensure your rental property will profit? Even in 2023, when cash flow is low, and home prices are high, it doesn’t take long to determine whether a rental is worth your money (or time). And, if you’re still trying to get your FIRST real estate deal, odds are you’re probably spending HOURS finding deals and crunching numbers. So let’s speed up the process. In this webinar bonus, Dave Meyer, BiggerPockets VP of Data and Analytics and On the Market host, will walk through EXACTLY how to analyze a rental property in minutes, the tools he uses to calculate cash flow, cash on cash return, and more, and how to know whether or not a real estate market is worth investing in. With mortgage rates rising and affordability at historic lows, Dave was STILL able to find a property that produced positive cash flow. So, if Dave can find a deal like this, why can’t you? Stick around to learn how to calculate rental property profits in MINUTES and which markets are worth the money. Ready to invest? Sign up for BiggerPockets Pro and use code “DEALANALYSIS” for 20% off an annual membership! In This Episode We Cover:How to analyze a real estate deal in any market, even if you have NO experience The 2023 housing market and whether or not now is the right time to investRunning a live deal analysis with the BiggerPockets Rental Property Calculator Picking your real estate market and signs of one you should invest in The EASIEST way to analyze deals and grow your rental portfolio faster And So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets 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 ChannelWork with DavidDave’s BiggerPockets ProfileDave’s InstagramRental Property Calculator On the Market PodcastHow to analyze a rental propertyBook Mentioned in the ShowReal Estate by Numbers by Dave MeyerClick here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-q3-1Interested 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
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8 snips
Jul 20, 2023 • 1h 5min

794: Buying Houses with $100 Down and Creative Finance Secrets Most Don't Know

Creative finance is a home-buying hack that most people don’t know about. If you know what it is and how to use it, you can pick up properties for only a hundred dollars, build your rental portfolio faster than ever, and reach financial freedom in mere years. And in 2023, when the housing market is still hot, and home prices have barely cooled off, creative finance could be the solution to no cash flow and overpriced deals. But before you creatively finance your next rental property, you’ll need to know which strategy to use and when to use it. Jenn and Joe Delle Fave used creative finance to move from snowy Upstate New York to sunny Florida after escaping soul-crushing work. Jenn, a former teacher, loved her career, and the time she spent with her kids. But Joe was stuck at the car dealership, working late into the night, sacrificing family time to make more money. He knew he needed a way out but didn’t want to give up the financial security of a W2. Everything changed when he had the “light bulb” moment to try creative finance.Now, Jenn and Joe have run a full-time investing business, picking up pristine properties using strategies like seller financing, subject to, or wrap mortgages. They’ve acquired properties for very little down in some of the most competitive neighborhoods in the country, growing wealth WITH the time freedom they desired. Jenn and Joe give invaluable advice on which strategies work for which seller, the easiest way to get leads sent to you, and how you build wealth with real estate faster. In This Episode We Cover:The EASIEST way to get dozens of off-market properties sent to you EVERY DAYThe best creative financing strategies and when to use eachWrap mortgages explained and taking advantage of someone else’s low mortgage rate Time freedom and the “golden handcuffs” that stop you from accomplishing your dreamsThe one thing you should ask EVERY seller before you buy a property Investing with a spouse and the benefits of building a business togetherAnd So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets 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 ChannelWork with DavidRob's BiggerPockets ProfileRob's InstagramRob's TikTokRob's TwitterRob's YouTubeHear Our Recent Episode with Creative Finance Master, Pace MorbyWhat Is Creative Financing And How To Use It In Real EstateConnect with Jenn & Joe:Jenn's BiggerPockets ProfileJenn InstagramJoe InstagramJenn & Joe's Facebook GroupJenn & Joe's YouTubeClick here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-794Interested 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

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