BiggerPockets Real Estate Podcast

Navigating the world of real estate investing can feel daunting, but it doesn’t have to be! In this discussion, experts share the six key steps to buy your first rental property and the top rookie mistakes to avoid. They compare real estate investing to fitness, emphasizing the importance of community support and persistence. Listeners will learn practical deal analysis techniques, strategies for sourcing properties, and tips for overcoming fear and taking action. With the right tools and mindset, financial freedom is within reach!

Cash flow and appreciation are at opposite ends of the investing spectrum. One will fuel your current lifestyle while the other will slowly, silently build your long-term wealth. The cash flow vs. appreciation debate has gotten even stronger this year as home prices continue to rise and cash flow prospects dwindle in formerly stable markets. Is there a way to still get the benefits of long-term growth while also taking home a sizeable rent check?If there’s one man to ask, it’s your host, David Greene, who’s joining us for another episode of Seeing Greene. David knows a thing or two about buying for different purposes, in different market conditions, with different exit strategies. He’s not only asked about how to do this on today’s episode, he’s also asked questions like who should be on the mortgage when buying a rental with a partner, whether to sell or refi a rental, what to do when your DTI (debt-to-income) ratio is too high, dealing with difficult sellers, and how to get comfortable with being uncomfortable. 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 CoverHow to split title and mortgage costs when investing with a spouse or partner Whether to focus on one market or several markets with different benefits in eachWhen to sell or refi a rental property (especially if interest rates are rising) How to purchase your next primary residence AFTER you’ve quit your W2 for real estateDealing with difficult sellers and how to “convince” them to accept your offerWhy being uncomfortable when investing is a sure sign of growth And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastDavid’s YouTube ChannelGrab Your Tickets for BPCon 2022BiggerPockets Money PodcastReal Estate Rookie PodcastAsk David Your Real Estate Investing QuestionHow to Use a HELOC to Buy Real EstateHow to Embrace the Uncertainty of Change & Make Your First Deal Cash Flow vs. Appreciation—What Experienced Investors Know That You Don’tWork with The One Brokerage For Your Next MortgageBook Mentioned in the Show:Long-Distance Real Estate Investing by David GreeneConnect with David:David’s InstagramDavid’s BiggerPockets ProfileClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-612 Learn more about your ad choices. Visit megaphone.fm/adchoices

House flipping is a very potent form of investing. After just one fix and flip, many investors find themselves hooked, leaving their stable jobs for the profit (and rush) or finishing another flip. This happened quickly to Jason Pritchard, flipper and rental property investor in central California. Jason was working at a sales job he hated and after watching one of the many famous HGTV flipping shows, thought, “Hey, I could do that!”He gave it a try, using his life savings and retirement funds available to him. It was a success, so he decided to scale up. One flip grew to a few, and now, Jason's team does over seventy-five flips and wholesale deals per year! This incredible volume didn’t happen overnight—it took Jason seven years to go from W2 worker to one of the best flippers in the state! And it’s not just flipping Jason is after. He’s been able to grow a massive rental property portfolio, some eighty-three units, at the same time!You’re probably wondering how Jason did this so fast. Worry not, as he details every step from how he finds leads, builds a team, pays the taxman, and even compensates employees. If you’re trying to get your foot into the flipping door, Jason’s story should inspire you to do almost exactly what he did. In This Episode We CoverUsing the skills from your job and translating them to make real estate riches Building a business and the most important step most flippers/wholesalers skipFunding your flips and why paying taxes might be a good thing when it comes to financingHow to find employees that will grow with your business, even if you feel like you “can’t” hire just yetPrivate money lenders and using them to scale your business even bigger And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastInvest in David and Rob’s Next PropertyDavid’s YouTube ChannelGrab Your Tickets for BPCon 2022BiggerPockets Money PodcastReal Estate Rookie PodcastAirbnbHow to Flip a House & Make a ProfitHow to Build a Highly Effective Real Estate TeamHow I Find Private Money Lenders to 100% Fund My DealsBooks Mentioned in the Show:The Go-Giver by Bob BUrgThink and Grow Rich by Napoleon HillConnect with David:David’s InstagramDavid’s BiggerPockets ProfileConnect with Rob:Rob's YoutubeRob's InstagramRob's TikTokRob's TwitterRob's BiggerPockets ProfileConnect with Jason:Jason's InstagramJason's FacebookClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-611 Learn more about your ad choices. Visit megaphone.fm/adchoices

Building a house vs. buying a house—which makes more sense for today’s investor? With home prices rising faster than many of us have ever seen before, more and more real estate investors are asking whether or not building their rentals is a smarter idea. And who can blame them? Building a rental property can seem like a great way to minimize acquisition costs, but this is only true in certain circumstances, which many investors just won’t fit into. Welcome to Live Takes where Henry Washington, investor and On The Market guest host, joins David Greene for a live real estate Q&A. David and Henry invite four investors onto the show today to talk about each of their passive income predicaments. These topics include buying vs. building a home, how to get out of a bad BRRRR, whether or not it’s too late in life to invest in real estate, and how to invest out-of-country.Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene or Live Takes. 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 CoverBuying vs. building rental properties and which decision makes sense for which investorWhat to do when you go over budget on a rehab, flip, or BRRRR investmentHow to invest and scale a real estate portfolio when getting started later in lifeWhether to invest long-distance or stick it out in your local market Mitigating risk and keeping your cash flow rolling when stuck in a bad dealHow to finance land purchases and using a backwards BRRRR method to do so And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGrab Your Tickets for BPCon 2022BiggerPockets Money PodcastReal Estate Rookie Podcast5 Ways to Avoid Going Over Your Flipping BudgetIs it Better to Build New or Renovate Existing Homes as an Investor?David Greene | BiggerPocketsDavid Greene MeetupsDavid Greene TeamClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-610 Learn more about your ad choices. Visit megaphone.fm/adchoices

Explore the ins and outs of using gift funds for real estate purchases and the pros and cons of house hacking. Discover key indicators of a potential market crash and why understanding affordability is crucial. Learn about the dynamics of real estate partnerships, especially the tension between cash flow and equity growth strategies. Plus, get tips on effective investment financing by focusing on income potential rather than traditional criteria. Tune in for vital insights that can help both rookie and experienced investors thrive!

David Richter, author of "Profit First for Real Estate Investing," shares his passion for empowering real estate investors to boost their profits. He discusses the revolutionary Profit First system and its application to real estate, unveiling the 'Golden Trio' of bank accounts essential for financial health: profit, owner's compensation, and owner's tax. Through personal anecdotes, David emphasizes the importance of financial clarity and the need to shift from a 'do more to make more' mindset to efficient fund management, helping investors work less and profit more.

Andrew Cushman, a seasoned multifamily investor from Vantage Point Acquisitions, shares his journey from novice to expert, having acquired over 2,500 units. He delves into essential strategies for transitioning from single-family to multifamily investments, emphasizing the importance of thorough underwriting and financing options. Andrew discusses the impact of rising interest rates, offering insights on maximizing ROI and the significance of networking. His advice makes multifamily investing accessible, sparking curiosity even among first-time investors.

Discover the secrets to building a rental property portfolio that thrives in today's competitive market. Learn the pros and cons of on-market versus off-market investments and how to leverage home equity wisely. Explore strategies for balancing cash flow and appreciation, while navigating the complexities of rental property management. Delve into retirement investing and the benefits of 1031 exchanges. Plus, hear personal stories about transitioning from traditional jobs to real estate careers, providing insights into this dynamic field.

How many rental units do you want? Depending on who you ask, the number of rental properties can differ dramatically. A young investor may be looking to scale their portfolio quickly, eyeing ten, fifteen, or even one-hundred units. But, for a veteran real estate investor, who may already have a three or four-figure portfolio, the optimal rental unit count could be none at all—they may purely want passive income.Christian Osgood knows this all too well, and it’s how he’s grown a seventy-one-unit portfolio in such a short amount of time. As half of a dynamic investing duo, Christian and his partner Cody Davis know that the first place to look for a deal is within someone’s goals. Unlike most off-market deal hunters, Christian and Cody don’t blatantly ask a seller if they’re willing to part ways with their property. They do something much different and a bit unorthodox. Christian and Cody have grown a massive multifamily portfolio in an impressive amount of time. Christian walks through the reasons why this partnership works, how they divvy up their roles, and why new investors should learn to love new problems, not cower in fear over potential pit-stops on their wealth-building journey. In This Episode We CoverThe “fish hauling and shipbuilding” of a perfect real estate partnership Why entrepreneurs and investors alike should search out new problems to solveFinancing large deals using OPM (other people’s money) and raising capital the right wayHow to find any off-market property owner simply by using Google MapsThe biggest mistake you can make when raising money from private investors Relationship marketing and how it can open you up to phenomenal real estate deals And So Much More!Links from the show81 Units in 3 Years: All On-Market with NO Bank Loans w/Cody DavisOpenCorporatesAirbnbHGTVMicrosoftInvestment with David GreeneDavid's InstagramRobuilt's InstagramRobuilt's TiktokRobuilt's TwitterRental Property InvestingThe 10X RuleConnect with Christian:Cody and Christian's YouTube ChannelThe Multifamily StrategyChristian's InstagramClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-605 Learn more about your ad choices. Visit megaphone.fm/adchoices

Rick Sharga, Executive Vice President of Market Intelligence at ATTOM, shares his wealth of knowledge from over 20 years in the real estate industry. He discusses the current housing market, debunking the myths surrounding a housing crash. Rick highlights the lack of warning signs compared to the 2007 crisis and clarifies how rising interest rates are affecting market dynamics. With a keen eye on data, he offers surprising predictions about future trends, emphasizing the importance of informed decision-making in a shifting landscape.