BiggerPockets Real Estate Podcast

Economic upheaval. Tenants losing their jobs. Entire cities shut down.How should real estate investors operate today?In this episode, we’re opening up the phone lines and patching in both expert investors (Tarl Yarber, Avery Carl, Justin Stamper) and newbies (Sawyer, Adam, Joe) in various markets across the country.What you’ll learn: how hard-hit short-term rental operators can adapt to travel restrictions, how to plan for non-payment of rent, which strategies are likely to work best in the coming economic shift, what the heck is going on with interest rates... and much more.Tell us what you think of this new format, and be sure to subscribe to the BiggerPockets Real Estate Podcast for more on how best to run your business in unprecedented times.Stay safe and we’ll see you next Thursday.In This Episode We Cover: How certain areas of the country are affected How to find renters at this time How to make your Airbnb business thrive Why panic selling is not recommended The value of working with a partner What to do if your properties are affected How the pricing of properties are affected Various creative financing you can try Current status of various investors Why rents never go down And SO much more! Links from the Show BiggerPockets Forums Zombie House Flipping BiggerPockets Podcast 201: Flipping 100+ “Zombie” Houses with Justin Stamper TravelNursing.org Furnished Finder RNvip.com Trusted Health Cross Country Nurses AYA Healthcare BiggerPockets Podcast 374: What Real Estate Investors NEED to Know About the Coronavirus, the Economy, and the Problems at Your Door BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl ClearBank Open Door Capital BiggerPockets Youtube Channel BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber Melanie & Dave Dupuis's Instagram Are Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do! (Video) Dave Ramsey Justin Stamper's Instagram Justin Stamper's Website The Short Term Shop Avery Carl's BiggerPockets Profile BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl Tarl's Instagram BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber Check the full show notes here: https://www.biggerpockets.com/show375 Learn more about your ad choices. Visit megaphone.fm/adchoices

Rent's due... or is it?From quarantines to eviction moratoriums to a plummeting stock market, COVID-19 has upended seemingly everything -- and today we talk through what it all means for real estate investors.J Scott, author of Recession-Proof Real Estate Investing, and Scott Trench, author of Set for Life and CEO of BiggerPockets, join Brandon and David for a roundtable discussion packed with perspective and insight.We begin with a high-level analysis of today's economy, and discuss how you can fortify your portfolio in the face of a likely recession (there's still time!). Then, the guys take on your most pressing questions -- starting with, "what happens if my tenant doesn't pay rent?"*NOTE: If you want to skip directly to audience Q&A, that section starts at 1 hour, 5 minutes.*Whether you're a brand new investor nervous about getting started... or a veteran waiting for the right opportunity to deploy capital, this episode will give you a chance to take a deep breath and assess the playing field.We hope you enjoy this special episode, recorded March 18... Stay safe, take care of yourselves, and stay tuned for more Coronavirus content across all BiggerPockets platforms in the days and weeks ahead.In This Episode We Cover: BiggerPockets members' top questions right now How to control your emotions when people around you are panicking Which strategies do and don't work well during downturns How to approach tenants who have lost income and don't pay rent The importance of "buying right" and keeping cash reserves 6 ways real estate investors should prep for a recession How power dynamics in the marketplace will change Whether you should still be out there looking for deals How to productively use your time while confined indoors Adjustable Rate Mortgages today COVID-19's effect on the overall economy The effects of Quantitative Easing and 0% interest rates And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Money Podcast BiggerPockets Real Estate Rookie Podcast BiggerPockets Business Podcast Mindy Jensen's BiggerPockets Profile Imperial College COVID-19 Response Team Article Ray Dalio BiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie Duke BiggerPockets Calculators 4 Wealth Generators of Real Estate Investing (video) Zillow BiggerPockets Podcast 311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J Scott Check the full show notes here: http://biggerpockets.com/show373 Learn more about your ad choices. Visit megaphone.fm/adchoices

Four years ago, Lee Ripma was brand new to real estate. She vowed she'd one day appear on the BiggerPockets Podcast. That day has come.And we're all better off for it!In this action-packed episode, Lee traces her journey from full-time field biologist to newbie who jumped straight into long-distance multifamily (wait 'til you hear about her first deal!) to developing apartment buildings in the high-end Los Angeles market.You'll learn how she formed relationships with local, "boots-on-the-ground" partners on her BRRRR deals in Kansas City, why she came to prefer value-add multifamily deals over BRRRR, and how she's able to find higher and better uses for properties in Southern California.From looking at our podcast stats, we know a LOT of you are in hot markets like L.A., New York, San Francisco, and Washington, D.C. If you've ever thought to yourself, "My market's so expensive... How can I invest in real estate?"—look no further.This episode will get you motivated, and it may just ignite your real estate investing career!Be sure to subscribe to the BiggerPockets Real Estate Podcast, sample the other BiggerPockets podcasts in our network (just search "BiggerPockets" in your favorite podcast app), and as always, if you appreciate this content, please give us an honest rating and review on Apple Podcasts.In This Episode We Cover: Why she abandoned the idea of building a tiny house empire How her career as an environmental consultant prepared her for real estate investing Why innovation can be overrated How she screwed up her first deal and still made 28% cash-on-cash Why choosing a “submarkets” is more important than the general market you choose Why she shifted from BRRRR to value-add multifamily investing How she unlocks value in rundown apartment buildings Finding “boots-on-the-ground” partners for out-of-state deals How she learned the development game by apprenticing under an experienced investor How real estate development creates money out of thin air Tearing down single-family homes and building 4-unit apartment buildings How she moves projects more quickly by using “prefabricated construction” Why “value-add” drives the biggest returns on investment And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Money Podcast How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman BiggerPockets Task Rabbit BiggerPockets Podcast 092: No (and Low) Money Down Real Estate Investing with Brandon Turner Podcast Movement BiggerPockets Money Tiktok Check the full show notes here: http://biggerpockets.com/show373 Learn more about your ad choices. Visit megaphone.fm/adchoices

Securing financial freedom for her family through long-distance real estate investing!West Point graduate Erin Helle's story starts the day she was ordered to deploy to Afghanistan. She already had a young daughter, and her husband was headed to Iraq.Something had to change.Mix in a serious health condition, the result was this: Erin felt forced to take action and build something that would endure and provide for her daughters no matter what.In this episode, you'll learn which steps she took. From buying new construction, to flipping at a distance, to using a self-directed IRA to purchase a rental property, this show is packed with valuable lessons from an investor who's acquired 20 doors in the span of two years.Erin shares a powerful story that's sure to make you think hard about the legacy YOU plan to leave behind and what you plan to do to get there.In This Episode We Cover: Buying new construction Generating momentum as a newbie investor Erin's key performance indicators Lead measures vs. lag measures Out-of-state real estate investing Teaching young kids about money Why getting your real estate license may be overrated Why she doesn't "DIY" anymore And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” Murdock Open Door Capital $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne Brandon's Instagram Craigslist Zillow Redfin BiggerPockets Money Podcast BiggerPockets Business Podcast Click here for full show notes: http://biggerpockets.com/show372 Learn more about your ad choices. Visit megaphone.fm/adchoices

More "newbie" content. More "first deal" success stories. Tips, tools, and step-by-step guidance from investors just one step ahead of you.That's what many of you have been asking for.And that's what you'll get when you subscribe to Real Estate Rookie, BiggerPockets' newest podcast!Episode 1 is LIVE now, and it's a gem if we do say so ourselves—check it out here.In this brief announcement, Brandon and David introduce hosts Ashley Kehr and Felipe Mejia (remember them from episodes 348 and 329?)... and explain WHO would—and wouldn't—benefit from listening to Real Estate Rookie.You might be asking—is the "OG" BiggerPockets Podcast changing? Or even going away? Not a chance!In fact, we hope you listen to both shows.Check out Real Estate Rookie today, and Brandon and David will have another great interview right here tomorrow.Then next week, you'll get an episode of Real Estate Rookie on Wednesday, and we'll be back to regular programming.Tell us what you think of the new podcast, join the Facebook group (just search "Real Estate Rookie"), and give Ashley and Felipe a follow on Instagram @wealthfromrentals and @felipemejiarei! Learn more about your ad choices. Visit megaphone.fm/adchoices

$700,000-plus in wholesale fees—fresh out of high school!On this show, Will Brown reveals how laser-focusing on “deal flow” allowed him to build a rental property portfolio, build a self-sustaining business, and amass a small fortune… all in a matter of months.You’ll be blown away by Will’s story of being struck by inspiration while playing Grand Theft Auto at age 18. That led to the BiggerPockets Podcast, and well… you’ll have to hear the rest of his story to believe it.If you want to know the exact structure of a four-deal-per-month wholesaling business and the specific marketing methods Will uses to reach sellers, check out this episode. He walks us through how he handles leads, how he manages his business from 3,000 miles away, and why he’s handing over the reins to a partner so he can focus on building a technology startup.This is a fantastic episode highlighting a BiggerPockets member who took massive action, trusted the process, and saw massive results. Download this one, and make sure you’re subscribed to the BiggerPockets so you won’t miss a show!In This Episode We Cover: How Will built a powerful marketing machine How he's able to spend only 30 minutes on each deal How he prevents leads from slipping through the cracks Ringless voicemail messaging and text message marketing Why he prefers wholesaling over flipping houses How he handles tricky title issues Why it's never a bad idea to make an offer Will's artificial intelligence startup And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Ultimate Beginner's Guide BiggerPockets Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles BiggerPockets Podcast BiggerPockets Podcast 209: Flipping 83 Homes in the Last 18 Months with Kevin Carroll BiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport Shark Tank Check the full show notes here: http://biggerpockets.com/show371 Learn more about your ad choices. Visit megaphone.fm/adchoices

Get to know enough CPAs, and you'll hear the "light bulb" story."I was helping this real estate investor with her taxes... and thought, 'Why am I not doing this?!'"Yes, there are POWERFUL tax breaks available for rental property investors. But you have to know what to look for!That's the focus of today's episode AND the new book (out today!) from Amanda Han and Matt MacFarland: "The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors."You'll hear Amanda and Matt break down the basic concepts you need to understand in order to reach your goals, outline the questions you should ask your CPA, and take on the notorious "Do I need an LLC?" question.You'll also learn about more complex strategies like advanced/bonus depreciation, Opportunity Zone investing, and 1031 exchanges... plus, how short-term rental investors and flippers can optimize their tax strategy.This episode is packed with free information that is literally valuable—meaning it could save you thousands, or tens of thousands, of dollars!Download this one, check out the book, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next show.In This Episode We Cover: How Amanda and Matt ended up doing tax/real estate What they do and how they help clients What their new book is all about How to save tons of money in terms of taxes Best time to work with a CPA How an LLC plays into a real estate investor’s life 3 benefits of working with a professional Importance of having a system in place with the help of tax and legal advisors How cost segregation comes into play Who does a cost segregation study Other things investors should not do on their own Why it pays to be cautious when it comes to 1031 exchanges Why buy and hold is preferable over flipping from a tax perspective Cool things about short-term rentals from a tax perspective What an Opportunity Zone is and why it matters What a flow-through entity tax break is And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Explore Companies on BiggerPockets BiggerPockets Bookstore IRS Website  Check the full show notes here: http://biggerpockets.com/show370 Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to step out of your business and finally gain the freedom to think more strategically? Let Jefferson Lilly show you how!Jefferson is a mobile home park investor, who went from sleeping on an air mattress on-site at his mobile parks to running a lean team and focusing his energy on raising millions from investors.No matter what stage of your career you’re in or what your preferred strategy is, you’ll get a ton of value out of this high-level discussion about building a “2.0” business that serves you AND your team.You’ll learn how Jefferson went from acquiring parks “deal by deal” to starting a fund, how he overcame fear to hire several six-figure employees, and how he incentivizes his team to maximize occupancy.Also, Jefferson breaks down the criteria he uses to narrow down potential deals (including proximity to a Walmart)—AND reveals the four main ways he and his team reach out to mom-and-pop park owners.This is an awesome show, whether you’re interested in mobile homes or not. So check it out, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next one!In This Episode We Cover: The “unfair advantages” of mobile home park investing 4 main methods to find off-market deals How his team uses brokers to source deals Hiring 6-figure employees How Jefferson has raised more than $30M from 200 investors How he incentivizes his team based on occupancy 2 factors that drive profitability in the mobile home park business The difference between a “2.0” business vs. a “1.0” business Jefferson’s biggest career regret Why he aims to hire “coaches” rather than “cheerleaders” How and why he started a fund rather than individually syndicating deals And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne BiggerPockets Podcast 339: 60,000 Tenants?! How Frank Rolfe Built a Mobile Home Empire Mobile Home University BiggerPockets Podcast 262: $600,000 Per Month in Gross Rents from Mobile Home Parks with Jefferson Lilly Indeed.com BiggerPockets Podcast 361: Using $3,500 to Kickstart an “Unsexy” Investment Empire with Tristan Thomas Tim Ferriss Podcast The Dave Ramsey Show Quickbooks Check the full show notes here: http://biggerpockets.com/show369 Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s show: accelerated wealth-building through leverage and systems!Palak Shah walks us through how she built a $4M portfolio in just three years by "supercharging" the BRRRR strategy.Palak left a career in corporate America to focus full-time on real estate in the Philadelphia area, and she applied her training as an engineer to create airtight processes that help her business run without her.You’ll love hearing how she finds deals from wholesalers on Facebook, why she’s not afraid to sell off some of her BRRRR properties, and how she creates checklists to determine whether a deal fits her criteria.Also, we discuss how to beat “analysis paralysis” by remembering her acronym “A.B.L.E.”Palak is a relatable, inspiring investor who offers great tips for anyone hoping to transition away from a 9-to-5… so check out this episode today, and share it with a friend or family member!In This Episode We Cover: Leaving her corporate job to take more control over her time Why she’s OK paying capital gains tax rather than using 1031 exchanges Flexing your “risk-taking muscle” Using hard money for BRRRR projects Creating “templates” to make investing easier over time Criticisms of the BRRRR strategy Why she sells off some of her BRRRR properties Using local banks and credit unions Her mantra: “Fortune favors the finance-savvy” How her systems allowed her to buy 2 properties from India Her “A.B.L.E.” method to escape analysis paralysis How she bought 9 units for 40% off the list price How she used a home equity loan to borrow $160K And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Fear-Setting: The Most Valuable Exercise I Do Every Month How to Make $100,000/Year with Fixer-Upper Rentals (by Buying Only 2 Properties Annually) Microsoft Project Redfin Hustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene BiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan Check the full show notes here: http://biggerpockets.com/show368 Learn more about your ad choices. Visit megaphone.fm/adchoices

7X-ing her income by leaving a so-so job to flip houses!Today’s guest is Kara Beckmann, a rehabber and rental property investor who’s tearing it up in Scottsdale, Ariz., and on her Instagram page @beckmannhouse.You'll be inspired by Kara's journey from pastry chef to retail worker to full-time investor funding deals with private and hard money. Kara shares some great tips for networking with wholesalers and builders to snag deals (to date, she's spent $0 on marketing).You'll also learn how she maximizes profit by sticking to her rehab budgets, how she keeps contractors on deadline, and how she manages risk by outlining several different exit strategies.Kara's story will motivate you to apply your own "unique ability" to your real estate business and overcome the fear that might be stopping you from doing your first or next deal!Enjoy this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next one.In This Episode We Cover: How Kara learned saving habits at age 14 How she started thinking like an entrepreneur while working in retail How she was motivated by not getting a raise in 5 years Buying her first deal for $50K below asking price Reinvesting profits from her first flip Her apprenticeship with a general contractor How she develops a scope of work and deadline Why she doesn’t spend any money on marketing Her networking tips The challenges of investing without W-2 income How she prepares several exit strategies for each deal Where she gets inspiration for her designs How she sticks to her budgets (the “price per square foot” method) Incentivizing her contractors to complete work on time And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Money Podcast BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!) BiggerPockets Conference Zillow Realtor.com TikTok Email: podcast@biggerpockets.com Check the full show notes here: http://biggerpockets.com/show367 Learn more about your ad choices. Visit megaphone.fm/adchoices