BiggerPockets Real Estate Podcast

BiggerPockets
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14 snips
Nov 1, 2022 • 1h 2min

682: BiggerNews November: Was The “Office Apocalypse” All Hype? w/Kevin Fagan

Office investments were supposed to be dead by now. 2020 was supposedly the great exodus, where on-site workers were freed of their commutes, small talk, and trips to the water cooler. We were sold a future where remote work was the only option, where everyone had an at-home standing desk, and nobody needed to wear pants. But, this didn't last long, as companies slowly started taking steps to get workers back into the office, making owners of the offices wealthy once again.But, with so many companies trying flexible schedules, prioritizing work from home, and renewing their video conferencing subscriptions, will office space still be the same as it was just a few years ago? On this month’s BiggerNews, we brought on Kevin Fagan, Senior Director and Head of CRE Economic Analysis at Moody’s Analytics, to give us the scoop on office investing and commercial real estate in 2022.Kevin’s team works diligently going through the data behind office investments, highlighting whether or not leases are renewed, how rents are being affected, and if office buildings are truly being abandoned. He brings some good news not only for office space investors, but for real estate investors as a whole, showing that this niche won’t be going away anytime soon. With coworking and residential conversions on the rise, office building investments could be a far smarter move than most investors would assume.In This Episode We Cover:How office space investing fared through the pandemic and how far occupancy rates fellComparing today’s office investing environment to 2008’s and the stark differences between the twoOffice occupancy forecasting and when the data predicts a full recoveryHow unemployment rates will affect office investors and whether or not employers will force workers back into the officeThe best real estate markets to invest in office space and which big metros to definitely avoidThe benefits of office investing compared to residential real estate and why this low-turnover niche is worth itAnd 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 InstagramDave’s BiggerPockets ProfileDave’s InstagramInvesting in Office Buildings—A Beginner’s GuideThe Coming Collapse of Downtown Office Real EstateConnect with Kevin:Kevin's LinkedInClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-682Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 30, 2022 • 1h 16min

681: Real Estate Horror Stories: Navigating Six-Figure Losses, Stabbings, and Sewer Problems

There’s a dark side of real estate no one talks about. Crime, destruction, theft, violence—you name it, we’ve dealt with it. With the spookiest day of the year coming close, we’re going to tell you all our terrible real estate tales. Everyone on podcasts and YouTube wants to show you how easy it is to invest, how it’s an assured path to wealth, and rarely what type of mistakes you can make. But we’re flipping the script, bringing in some of the best and brightest in real estate to show that the grass is usually greener where the septic tank is.Today’s guests, who have all collectively succeeded at failing, are Andrew Cushman, Jamil Damji, and Matt Faircloth. If you’ve been a BiggerPockets listener, these names may sound familiar to you, but if you’re brand new, let us introduce you to these industry giants. Andrew is a multifamily expert and one of the smartest names in the game on screening and underwriting (analyzing) properties. Jamil built the nation’s largest wholesaling operation and is an expert guest on On the Market. And Matt, CEO of the DeRosa Group, literally wrote the book on Raising Private Capital.But these titans of industry only made mistakes at the beginning of their careers, right? Not quite. They share today a selection of stories that will make you realize that the only successful investors are the ones who can both literally and figuratively weather a strong storm. And if you think it’s all cash flow and cruises for these investors, you couldn’t be more wrong. In This Episode We Cover:Why you should ALWAYS check out a property before you buy (and what happens if you don’t)Becoming the "Sheriff" of your investment and how contractors can easily take you for a ride1031 exchange mistakes and how to negotiate with a seller even when you’re on a time crunchAlways staying in your lane and trusting your gut when a deal doesn’t feel rightPaying more for insurance and how to financially prepare for a natural disaster Why even with all the pain, real estate investing is the best wealth vehicle in the game!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 InstagramBiggerPockets Podcast 661Vantage Point AcquisitionsThe DeRosa GroupJamil’s YouTubeBook Mentioned in the Show:Raising Private Capital by Matt FairclothConnect with Matt, Andrew, & Jamil:Andrew's BiggerPockets ProfileJamil's BiggerPockets ProfileMatt's BiggerPockets ProfileJamil's InstagramMatt's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-681Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 27, 2022 • 1h 17min

680: Why Hosts Are Backing Away from Travel Sites and Building Direct Bookings w/Mark Simpson

Most people stumble into short-term rental investing. At some point, they realize a long-term rental, mother-in-law suite, or family cabin could become a revenue-generating, passive income machine. So what do they do? They go online to all the big travel sites, upload their listing, and start hosting. After a few months or years, they buy another short-term rental, and now, they’ve got multiple properties across a few different sites. The reviews are flowing, and the revenue with it. But one day, it stops.This happened to Rob when his listing got locked—halting his revenue. Without much of a way to repair this, Rob started thinking of how he could host with autonomy and reduce the risk as his portfolio grew. Sooner or later, Rob and today’s guest, Mark Simpson, started talking. Mark, an expert in hospitality, knew that something like this would happen. It’s why Mark has been helping hosts build their own booking sites over at Boostly. As a short-term rental expert, Mark helps hosts build an income stream that can’t be paused, limited, or removed. Instead, he and his team give hosts everything they need to get more bookings, pay fewer fees, and keep guests coming back for more. And, as the short-term rental space grows at lightspeed, Mark argues that hosts should start building out these direct booking sites now before it’s too late. In This Episode We Cover:The danger of solely hosting your short-term rentals on online travel agencies How so many hosts find themselves “held hostage” by guests and travel sitesBuilding your “guest avatar” and modifying your vacation rental to fit your ideal guestGuest screening tips and how to safely rent your property on your own website Underrated upgrades to make to your short-term rental that massively boost bookings Effortlessly converting guests online travel stays and into direct bookings 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 InstagramRob's BiggerPockets ProfileRob's YoutubeRob's InstagramRob's TikTokRob's TwitterStop Relying On Airbnb and VRBO and Build A Business You Control4 Things You Need to Know Before Buying A Short-Term RentalBoostly’s Property Management Software ListBooks Mentioned in the Show:Short-Term Rental, Long-Term Wealth by Avery CarlThe Book Direct Playbook by Mark SimpsonConnect with Mark:Mark's WebsiteClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-680Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices
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6 snips
Oct 25, 2022 • 1h 15min

679: Medium-Term Rentals: How to Get BIG Cash Flow Out of Small Properties w/Sarah Weaver and Zeona McIntyre

Medium-term rentals have seen growth like almost no other type of real estate. In the past, if you wanted high cash flow, you’d be hit with the headache of running a short-term or vacation rental. So, most investors who wanted to take the passive investing route stuck to regular, long-term rental properties. But, with interest rates higher than many of us have ever seen, most regular rental properties simply won’t cut it. Thankfully, there's a strategy that merges short and long-term rentals, with many of the combined benefits but few drawbacks.The strategy is simple: buy a house, furnish it, and rent it out for over thirty days. Surprisingly, doing so will often get you double the rent as a regular rental property without the constant turnover of short-term rentals. Don’t believe us? Maybe Sarah Weaver and Zeona McIntyre can change your mind. They’ve been doing the medium-term rental strategy for years, and it’s what’s given them the financial freedom they enjoy today!Sarah, shortly after finding out about the medium-term rental strategy, converted many of her long-term rentals into medium-term. Zeona, a former short-term rental owner, knew the high cash flow, low maintenance approach would help her live the nomadic lifestyle she loves. They detail exactly how they did it, what it takes to succeed, and how you can repeat the process in their new book, 30-Day Stay. In This Episode We Cover:The medium-term rental strategy explained and why it’s often a better bet than short-term rentalsSwitching from short-term rentals to medium-term rentals and why the pivot makes senseThe best guests for medium-term rentals and why it isn’t always about traveling nursesWhich markets work best for this strategy and what bedroom/bathroom count has the highest ROIProperty management, maintenance, and how to make sure your medium-term rental succeedsAnalyzing a medium-term rental property and what extra costs to be aware ofAnd 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 InstagramRob's BiggerPockets ProfileRob's YoutubeRob's InstagramRob's TikTokRob's TwitterBiggerPockets Podcast 229 w/ZeonaBiggerPockets Podcast 300 w/ZeonaBiggerPockets Podcast 563 w/SarahFurnished Finder StatsBooks Mentioned in the Show:Profit like the Pros by Ken CorsiniRaising Private Capital by Matt FairclothSKILL by David Greene30-Day Stay by Zeona McIntyre & Sarah Weaver (Use Code “ZEONA” or “SARAH” for a Discount)Connect with Sarah & Zeona:Sarah's InstagramZeona's InstagramSarah's BiggerPockets ProfileZeona's BiggerPockets ProfileClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-679Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 23, 2022 • 59min

678: Is the Buyer’s Market Back? How to Find Deals and Steals on the MLS w/Jamil Damji

Let’s be honest. The housing market has been a pain over the past few years. Sellers wouldn’t entertain any offer that wasn’t 10% over the listing price, real estate agents wouldn’t return your calls, and you may have thought that the time to buy rental properties was over. Fortunately, the tides have turned, and the seller’s market has almost overnight become a buyer’s market. Price drops are aplenty on the MLS, real estate agents want to be your best friend, and sellers desperately need to get their homes offloaded. This creates an opportunity for you to start buying deals at a discount.Jamil Damji, America’s leading wholesaler, knows that now is the time to get properties under contract. He’s been an expert at off-market deal-finding for decades, but now, he says that on-market deals are becoming far easier to find. Combine his nationwide knowledge with David Greene’s agent expertise, and you have a masterclass on finding steals, not just deals, in today’s housing market.David and Jamil go through eight different techniques you can use to find deals, lock them in at a low price, and grow your real estate portfolio, while everyone else is too scared to act. In times like these, when fear is at an all-time high, smart investors keep their cool, continue buying based on the numbers, and walk away far richer than the average investor. Interested in doing the same? Grab your notepad and write down these eight techniques. There’s a good chance you’ll be using them soon!In This Episode We Cover:How the housing market has shifted and whether or not we’ve become a buyer’s marketOff-market vs. on-market deal-finding strategies and which makes sense in 2022/2023Using “emotional influence” to get a seller to agree to your terms as soon as possibleBuilding relationships with listing agents so they act as your ally in a dealHow to leverage “bad news” to turn frustration into motivation for a seller Tell-tale signs of a motivated seller that will quickly get a deal doneAnd 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 InstagramBiggerPockets Podcast 677BiggerPockets Podcast 667These 20 Housing Markets Are Cooling the Fastest, According to RedfinConnect with Jamil:Jamil's BiggerPockets ProfileJamil's InstagramJamil's YouTubeClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-678Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 20, 2022 • 1h 1min

677: How to Build an Income-Replacing, All Off-Market Rental Property Portfolio w/Taylor Wing

Financial freedom in two years? How can that be possible with high interest rates and higher home prices? If you’re looking at what’s on the MLS as the only deals around, you could be missing out on buying properties that could fast-track your journey to early retirement. Taylor Wing, unlike most investors, didn’t go the conventional route when building his rental property portfolio. But, walking the road less traveled has paid off significantly, as he has already found financial freedom in less time than it takes most investors to buy their first property!Taylor’s career trajectory was cut and dry from the start. After graduating from West Point, he entered the Army and knew exactly how rankings, raises, and benefits would work from the day he started until the day he retired. This rigidity didn’t sit well with an entrepreneurial-minded, soon-to-be investor like Taylor. After his first house hack, and a very successful BRRRR, Taylor went full-throttle on investing.Now, just two years later, he has a portfolio of over thirty rental units, a Rolodex full of private money lenders, and teams in multiple states ready to help him grow. So what sets Taylor apart from the rest? Aside from his resilience, Taylor chose to take action once he had enough information, instead of falling victim to analysis paralysis. If you follow Taylor’s advice, you too could grow a portfolio as fast as he did!In This Episode We Cover:Taking action, pushing past fear, and refusing to be stuck in analysis paralysisDirect-to-seller marketing and how to find off-market real estate dealsCreative financing strategies, the subject to method, and no money down dealsDefining your “buy box” and red flags when looking for a BRRRR or rental propertyBuilding your real estate team and the most important hire you can haveHow to create an actionable plan to reach financial freedom in only a few years And So Much More!Links from the ShowBiggerPockets 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 InstagramJamil's BiggerPockets ProfileJamil's InstagramHear About “Reverse Flipping” with Ashley HamiltonThe 30-Something’s Guide to Financial FreedomTry Follow Up Boss to Get More Real Estate DealsBooks Mentioned in the Show:Financial Freedom with Real Estate Investing by Michael BlankTraction by Gino WickmanConnect with Taylor:Taylor's BiggerPockets ProfileTaylor's InstagramClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-677Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 18, 2022 • 1h 12min

676: Rob's Real Talk: What Running Short-Term Rentals at Scale REALLY Looks Like

The short-term rental game is not one to enter lightly. Regular rental property investors shudder at the constant turnover, consistent guest complaints, and far more intensive upkeep that vacation rental property owners pride themselves on. But is a week in the life of a self-managing short-term rental empire owner that bad? Well, maybe we’ll just have Rob Abasolo AKA Robuilt, YouTube’s go-to authority on vacation rental investing, answer this.Rob has had a troubling week to put it lightly. From guests somehow deadbolting themselves out of their homes to ACs being frozen solid, sending vacationers to the wrong address, and almost obliterating a $20,000 pool, many things can go wrong in the realm of short-term rentals. But, is the profit worth the pain?Dave Meyer from On The Market joins along this episode to act as Rob’s therapist/cheerleader as we go through a week’s worth of almost unbelievable events in the life of a vacation rental property owner. This episode highlights lessons learned from each mistake that you can use to build a better rental property portfolio, have a more seamless customer experience, and maybe get a little more “me and my burrito” time.In This Episode We Cover:Setting up fail-safes around your short-term rental so guests always have a way inWhy sticking to your guns isn’t always the best way to build a strong vacation destination brandSupply chain shortages and how it’s severely delaying short-term rental ownersWhy you should never fully drain a pool (unless you like paying $20,000+ in repairs!)Using speed to your advantage and making guests feel heard as soon as a problem arisesStaying in contact with your team so you can solve problems smarterAnd So Much More!Links from the ShowBiggerPockets 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 InstagramRob's BiggerPockets ProfileRob's YoutubeRob's InstagramRob's TikTokRob's TwitterDave's BiggerPockets ProfileDave's InstagramThe Ultimate Guide to Short-Term Rental PropertiesHow I Perfected the Process of Self-Managing My RentalsVacation Rentals Are Popular, But Are They Profitable?Book Mentioned in the Show:Short-Term Rental, Long-Term Wealth by Avery CarlClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-676Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 16, 2022 • 43min

675: Seeing Greene: When Does It Make Sense to Refi with High Interest Rates?

Mortgage rates are up, which is good news for (almost) no one. Those who have built huge equity gains over the past few years now feel like they’re stuck at a crossroads. You could pull a cash-out refinance to buy another investment property, but with such high mortgage rates, is it better to wait out the market? This standoff between buyers, sellers, and the Federal Reserve have many investors confused about the next move to make. Thankfully, our in-the-field investing veteran, David Greene, is here to help.Welcome back to another episode of Seeing Greene, where your host David answers questions on the spot from investors spanning every skill level. We’ve got video and text submissions this week, with topics ranging from whether to wait or buy now, how to push past negativity when you’re struggling to find deals, when to refinance while interest rates rise, asset protection basics, and much more. These in-depth answers from David will probably solve top-of-mind questions you may have too!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:Whether to buy now or wait for a housing market correctionHow to get out of a negative mindset when struggling to find deals“Timing” your refinance to get the lowest rate possible (and whether or not it’s worth it)What most investors get wrong about house hack “cash flow”Asset protection basics and if an LLC is necessary for your first rentalSelf-management vs. property management and when to trade money for timeAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastListen 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 QuestionDavid's BiggerPockets ProfileDavid's InstagramRob's BiggerPockets ProfileRob's YoutubeRob's InstagramRob's TikTokRob's TwitterBook Mentioned in the Show:Real Estate by the Numbers by Dave Meyer & J ScottConnect with JonathanJonathan's BiggerPockets ProfileClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-675Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 13, 2022 • 1h 22min

674: Investor Update: The "10 Deals on $20K/Year" Investor's Explosive Growth w/Ashley Hamilton

Ashley Hamilton is a landlord, multi-unit investor, reverse flipper, hard money lender, and everything else in between. You may recognize her name from episode 331, appropriately titled “10 Real Estate Deals on a $20K Waitress Salary,” which became one of the most popular BiggerPockets Real Estate Podcast episodes. If you haven’t heard of Ashley, here’s a quick rundown: As a teen mom, Ashley was working hard daily to provide for her kids. With only a $20K/year salary, she began buying rental properties, often in cash, in the Detroit area. The last time we chatted, Ashley had ten units. But now, things are very different.Ashley knew that ten units and $7,000/month in cash flow was life-changing, but wanted to go even bigger. Since then, she’s rapidly expanded her rental property empire, growing her portfolio by many multiples and expanding into other businesses like consulting and hard money lending. She’s even developed her own version of the BRRRR strategy called “reverse flipping,” which makes high interest rates a non-issue when trying to refinance out of your property.She gives some killer tips on keeping tenant turnover low, why paying taxes isn’t such a bad thing, and how betting on cities like Detroit can make you much wealthier. One surprising thing about Ashley is that she built the foundation of her portfolio on cash deals while making a below-poverty salary. So if you think money is the one thing stopping you from investing, Ashley will probably change your mind!In This Episode We Cover:Buying properties in cash and why leverage isn’t always the best move to makeWhat to do once you’ve hit financial freedom and building generational wealth Going slow to build a property portfolio fast and “portfolio architecture”Reducing tenant turnover and how Ashley kept 80% of her tenants over ten years!The “reverse flip” strategy and why you should be on the lookout for PILFsInvesting even on a low salary and where cash flow can still be foundAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastListen 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 InstagramRob's BiggerPockets ProfileRob's YoutubeRob's InstagramRob's TikTokRob's TwitterHear Our First Interview with AshleyTenant Turnover Can Wreck Your Profits—Here’s the Simple Solution to This Costly IssueBook Mentioned in the Show:Buy, Rehab, Rent, Refinance, Repeat by David GreeneConnect with Ashley:Ashley's BiggerPockets ProfileWork with Ashley Hamilton ConsultsAshley's InstagramClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-674Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 11, 2022 • 1h 22min

673: Beyond Cash on Cash: How Thinking Like an Investor Unlocks More Deals w/Dave Meyer & J Scott

What sets apart your everyday real estate investor from an investing expert? While novice investors are focused on cash flow only, veteran landlords focus on something worth much, much more. Thankfully, even if you’re just getting started on your investing journey, you don’t have to go through the hard work that experts like Dave Meyer and J Scott went through. Instead, you can hear their time-tested advice today, and grab their new book Real Estate by the Numbers! J, a techie turned master flipper has written numerous books on estimating rehab costs, calculating real estate deals, and recession-proof investing. Dave, our VP of Data and Analytics and host of On the Market, has been head-down in housing market data for the past decade. These two real estate investing juggernauts combined their knowledge to write a book that lets every investor, no matter their skill level, find better deals, calculate profits smarter, and build wealth faster. In this episode, we talk about calculating cash flow, ROI, and other metrics that may, or may not, matter as much as you’d think. You’ll hear how these two experts use much more than the numbers to define which deals are worth buying. After this episode, you may look at your portfolio differently, or even think about selling some of the properties you thought were “winners” before! In This Episode We Cover:The math behind the real estate deal and which metrics matter more than mostCalculating which properties work best for your portfolio Defining your “buy box” and using it to filter through deals so you can build wealth fasterWhy your property’s ROI (return on investment) might be even better than you thinkHow to start thinking like an investing expert and the lump sum vs. cash flow debate Understanding the time value of money and how it’ll make you richer quicker And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen 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 InstagramRob's BiggerPockets ProfileRob's YoutubeRob's InstagramRob's TikTokRob's TwitterHere’s Why You Should Consider Investing in Senior LivingShould You Invest In Senior Housing (And Is Now the Right Time)?Genworth’s Cost of Care SurveyBiggerPockets CalculatorsBook Mentioned in the Show:Real Estate by the Numbers by Dave Meyer & J Scott and Use Code “DAVE” or “JSCOTT” for 10% OffConnect with Dave & J:J's BiggerPockets ProfileJ's WebsiteDave's BiggerPockets ProfileDave's InstagramClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-673Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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