BiggerPockets Real Estate Podcast

Johnny Hoang, a top-performing real estate agent from the David Greene Team, shares his extraordinary journey of closing $67M in home sales in just two years. He reveals the essential traits of great real estate agents and how they prioritize client success over commission. The conversation dives into common pitfalls for investors, like the 'kiss of death' in communication with agents, and actionable insights on building passive income through strategic investments. Hoang also highlights the value of mentorship and effective collaboration in real estate.

Dive into the world of real estate with insights on whether to invest now or hold back. Discover unique strategies for financing rentals without W2 income and how to navigate zoning issues effectively. Explore the allure of investing in premium markets like Hawaii and learn about asset protection for your investments. Also, discuss the often-overlooked factors beyond cash flow in house hacking and how to set your children up for financial success in real estate.

Derek Sherrell, known as "That ADU Guy," is a leading expert on accessory dwelling units (ADUs) and helps homeowners unlock passive income potential. He discusses innovative ways to turn attics, basements, and garages into profitable ADUs without the need for extensive construction. Derek provides insightful tips on identifying ADU-friendly properties, navigating zoning regulations, and suggests financing strategies. His expertise sheds light on the financial benefits of integrating ADUs, emphasizing how they can enhance property value and generate sustainable income.

Daren Blomquist, VP of Market Economics at Auction.com, dives into the current state of the foreclosure market. With data-driven insights, he discusses the implications of rising foreclosures on housing inventory, contrasting it with the equity many homeowners have gained. The conversation touches on pandemic-related factors impacting foreclosures, the psychology behind real estate decisions, and investment strategies for navigating future market trends. Daren’s expertise sheds light on whether we’re on the brink of another crisis or witnessing a shifting opportunity.

Rob Abasolo, a short-term rental investor and collaborator with David Greene, shares key strategies for success in the vacation rental market. They discuss choosing the right property type, crafting effective partnerships, and managing expectations. The duo offers insights into investing in luxury rentals, stressing the importance of exceptional service and strategic management. Listeners will learn practical tips on task delegation, guest communication, and financial strategies, empowering them to thrive in the competitive world of short-term rentals.

Rob Abasolo, a pioneer in short-term rental investing, joins the discussion to unveil the secrets to success in the booming market. He shares the essential five steps for launching a lucrative short-term rental business, including how to select profitable locations and types of rentals. Rob emphasizes the importance of local support and understanding market dynamics to optimize cash flow and appreciation. Additionally, he explores strategies for risk management and scaling your investments while maintaining property quality and personal enjoyment.

Dive into real estate strategies with a focus on cutting tax bills through accelerated depreciation. Discover the pros and cons of investing across multiple markets and learn how to find a tax-savvy CPA. Explore personal anecdotes about handling stress and pressure in the path to financial success. Hear how house hacking can be a game-changer for income generation, and gain insights into navigating financing options without a traditional W-2 income. This discussion is packed with practical advice to sharpen your investing skills!

Discover the booming short-term rental market and strategies to thrive in it. Explore the pros and cons of mixing long-term and short-term rentals in one property. Delve into effective marketing tactics beyond usual platforms and the potential of sleepy markets. Gain insights on the importance of reliable partners and team dynamics in real estate ventures. Learn how to adapt your investments to market trends while managing cleaning and maintenance effectively. Plus, get real-time Q&A insights to fine-tune your investment strategy!

Joe Asamoah, a real estate investor specializing in Section 8 rentals, shares his unique 'tenant-first' strategy that defies the stereotypes of this market. He emphasizes the benefits of selecting C or D-class properties in B-class neighborhoods to attract A-class tenants, leading to long-term, reliable rent. Joe discusses renovation tips and strategies for fostering lasting tenant relationships, even retaining tenants for over 20 years. His insights on the financial advantages of Section 8 investing and innovative property transformations make for an enlightening listen.

If a housing bubble is on the horizon, how best do real estate investors prepare for the massive hit they’re about to take? With so much money flowing throughout the economy, home prices hitting record highs, and competition staying fierce, what can the average investor do to stock up so when a housing market crash does happen, they’re ready to make big moves? David Greene, may have an answer.Although many people see David as a real estate fortune teller, he, unfortunately does not bring his crystal ball (unless you count his shiny bald head) onto today’s coaching call episode. Lucky for us, he does bring over a decade worth of knowledge from investing in many different phases of the real estate cycle. David is thrown questions from live guests today, without any preparation or information besides his own knowledge.Topics on today’s show range from when to buy a primary residence vs. buying a rental property, outsourcing your tasks so you can grow your portfolio, what will happen when interest rates rise this year, housing bubble indicators, and finding honest contractors. If you’re looking to invest in real estate, whether this year or within the next decade, David’s thoughts on surviving and thriving in a housing crash could make you much, much wealthier!In This Episode We Cover:Whether to pay rent and buy a rental property or buy your first primary residence Bridge loans and raising private capital from investors in your networkEnforcing the principles of Who Not How to grow your business faster and smarterAvoiding the housing market hysteria that many investors are facing todayThe leading indicators of a housing market crash (and how to see them before others do)How to avoid untrustworthy contractors and keep the quality ones aroundAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsSubmit your Question for an upcoming Seeing Greene episode!Biggerpockets Pro MembershipDavid Greene's Real Estate TeamHenry Washington's BiggerPockets ProfileBiggerPockets Ask your Questions LiveBiggerPockets PodcastWarren BuffetBitcoinEthereumXRPCraiglistCheck the full show notes here: https://biggerpockets.com/show574 Learn more about your ad choices. Visit megaphone.fm/adchoices