BiggerPockets Real Estate Podcast

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Imagine you're friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer or coffee with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The Bigger Pockets Podcast delivers! Co-hosted by Brandon Turner an…

Brandon Turner, David Greene, and Josh Dorkin: Bigger Pockets dot com


    • Jul 3, 2022 LATEST EPISODE
    • weekdays NEW EPISODES
    • 1h 9m AVG DURATION
    • 636 EPISODES

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    Latest episodes from BiggerPockets Real Estate Podcast

    630: Seeing Greene: Estimating Rent, “Amplifying” Cash Flow, and DIY Investing

    Play Episode Listen Later Jul 3, 2022 44:22

    Look up “how to retire early” online and you'll see some common prescriptions. You'll hear investors talk about rental properties and index funds more than other options. This is for good reason since even as real estate investors there are ways we can go beyond the scope of buying rentals to amplify our wealth and set ourselves up for early retirement. This is also the exact question that one of our guests asks on this episode of Seeing Greene.If you've ever wondered what you should do with your rental property profits after you've paid all your bills, whether or not to flip homes in 2022's housing market, or simply how to get less nervous on the phone, then you're in the right place. David Greene, host of The BiggerPockets Real Estate Podcast, runs through a series of different Q&A style submissions from new investors, experienced investors, real estate agents, and everyone in between.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:How to estimate rents on a potential income property and which room count brings in the most moneyHow to find an investor-friendly agent who will give you the local contacts you needWhether to sell a rental property or keep it and cash-on-cash return vs return on equityLive in flips and why flipping houses has gotten so much harder in 2022Turnkey rental companies and whether or not to use one when investing from abroadHow to retire earlier by “amplifying” your rental property's cash flowAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022David's YouTube ChannelAsk David Your Real Estate Investing QuestionListen to All Your Favorite BiggerPockets Podcasts in One PlaceEstimate Rent Easily with The BiggerPockets Rent EstimatorFind an Investor-Friendly Agent Near YouHow to Retire Early (From Someone Who Did at Age 27)David's BiggerPockets ProfileDavid's InstagramBooks Mentioned in the Show SKILL by David GreeneClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-630Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    629: Brandon Turner's 4-Step “Viral” Formula That'll Bring You Deals TODAY

    Play Episode Listen Later Jun 30, 2022 85:59

    To real estate investors and real estate investing enthusiasts, Brandon Turner is a household name. Not only has he written one of the most successful real estate investing books ever published (The Book on Rental Property Investing), but he also pioneered the real estate podcasting, social media, and blogging space. Funny to think that only a decade or so ago, this massively successful capital raiser, business founder, and CEO was painting rental properties, just trying to quit his soul-sucking job.So how did Brandon do this so quickly, and what's going on in the brain (and under the beard) of one of the most successful real estate investors on the planet? Surprisingly, Brandon doesn't have some secret formula, world-changing analogy, or crystal ball. He simply did what he said he would do—look for deals consistently, make offers whenever he could, and close so he could move on to the next. If this sounds familiar to your situation, but you're struggling to find success, you may find that his system is a little bit different from yours.Brandon gives valuable insight into the “machine-building” he's doing over at Open Door Capital, how he's successfully growing his personal brand, and why real estate investing success should never be a surprise. If you're a new listener to the show, it won't be long before you realize why Brandon Turner was (and still is) one of the most beloved voices for building wealth. In This Episode We Cover:The four levels of entrepreneurialism and how to become the “architect” of your own lifeBuilding a personal brand and finding confidence when creating contentThe skills you need to grow a business and become the CEOThe five-point “viral formula” Brandon has used to raise millions of dollarsWhat it takes to be successful and how to create a machine that will find real estate deals for youAnd 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 PlaceSubscribe to The “On The Market” YouTube ChannelHear Our Interview with Jason Drees on Exceeding Your GoalsShould You Quit Your 9-5 Job to Become a Full-Time Real Estate Investor?10 Challenges to Seriously Consider BEFORE Quitting Your Day JobDavid's BiggerPockets ProfileDavid's InstagramDavid's YouTube ChannelAsk David Your Real Estate Investing QuestionRob's YoutubeRob's InstagramRob's TikTokRob's TwitterRob's BiggerPockets ProfileGrab Brandon's FREE MasterclassPurchase Brandon Turner's Best Selling BooksStay Up-to-Date On Your Favorite Real Estate PodcastBiggerPockets Podcast 543 with Gino WickmanBiggerPockets Podcast 584 with Jonathan GreeneBiggerPockets Podcast 264 with Gary VeeDavid's NewsletterBrandon's NewsletterInvest with Open Door CapitalBooks Mentioned in the ShowTraction by Gino WickmanRich Dad Poor Dad by Robert KiyosakiThe Crisis Comfort by Michael EasterLong-Distance Real Estate Investing by David GreeneConnect with BrandonBrandon's BiggerPockets ProfileClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-629Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    628: How Being a Quitter Will Make You a Millionaire

    Play Episode Listen Later Jun 28, 2022 73:48

    Before you quit your job, you'll need to do a few crucial things. If you haven't done these yet, but are strongly considering leaving your job soon, Henry Washington and Rob Abasolo may advise you to wait it out a bit longer. Quitting your job is a big decision, especially if your family relies on the income that you're bringing in. The good news is, that if you're prepared, you can walk away making much more than you did at your W2. But, if you aren't, you could simply be taking a breather in between jobs, instead of building a life you love and ruling your schedule.Henry and Rob both have eerily similar quitting stories. They both quit during the same month of the same year, making the same salary all while building a real estate investment portfolio in the background. While Henry is more of a multifamily investing man, Rob has taken the short-term rental route to build his wealth. Both men have left the cushy healthcare-provided and retirement-matching lifestyles to build something much bigger not only for themselves but their families and employees.If you've wondered “when should I quit my job” or “is now the right time to go full-time into real estate investing?” then this episode is a prerequisite for you. Henry and Rob go over the four things you need to know BEFORE you quit, things to be aware of as a full-time entrepreneur, how to handle taxes and healthcare, and some actionable tips for when you're finally ready to take the plunge into full-time investing.In This Episode We Cover:Why quitting a high-paying job is probably worth it in the long-runSpousal approval when quitting and why it's mandatory before you start doing your own thingHow much should you have in safety reserves when you quitThe “work-life balance” myth and what a day in the life of an entrepreneur really looks likeChanging how you invest after you say goodbye to consistent incomeMapping out potential scenarios so you know what to expect on the other side of employmentAnd 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 PlaceSubscribe to The “On The Market” YouTube ChannelHear Our Interview with Jason Drees on Exceeding Your GoalsShould You Quit Your 9-5 Job to Become a Full-Time Real Estate Investor?10 Challenges to Seriously Consider BEFORE Quitting Your Day JobRob's YoutubeRob's InstagramRob's TikTokRob's TwitterRob's BiggerPockets ProfileHenry's InstagramHenry's BiggerPockets ProfileClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-628Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    627: Seeing Greene: The Real Estate Winners and Losers Of The Next Recession

    Play Episode Listen Later Jun 26, 2022 41:43

    Everyone has housing market crash predictions. Some media outlets will tell you the sky is falling, real estate is on the edge of a cliff, and the whole world is turning upside down. Meanwhile, investors who made it out alive during the great recession see an oncoming housing correction as an opportunity, not a warning sign. Ever since we saw wild home appreciation in late 2020 and beyond, everyday investors have been asking: when is our time up?David Greene, real estate investing expert (also agent, author, and podcast host), knows that people will get hurt if an economic crash does happen. But, he also knows that investors who have kept their expenses lean, saved when they could, and taken care of their assets, will probably ride the tide just fine. In this episode of Seeing Greene, David will answer one of the most asked questions: where do we go from here? He'll also touch on whether or not to give up earnest money in a bad deal, when to replace big systems like an HVAC that is on its last legs, how to calculate ARV, and why adjustable-rate mortgages could spell disaster in 2022.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:What will happen to real estate if the US economy enters a recessionWhether or not short-term rentals and vacation rentals are at risk How to calculate ARV (after repair value) and get estimates without breaking the bankThe best exit strategies to have when investing in real estateHow much in emergency reserves should you have when buying a rentalAdjustable-rate mortgages vs. fixed-rate mortgages and which wins in 2022And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022David's YouTube ChannelAsk David Your Real Estate Investing QuestionListen to All Your Favorite BiggerPockets Podcasts in One PlaceSubscribe to The “On The Market” YouTube ChannelIs The Housing Market About to Collapse? What Investors Need to KnowKey Takeaways From the '08 Recession That Apply TodayThe Ultimate Guide to Quickly Estimating a Property's ARV (After Repair Value)David's BiggerPockets ProfileDavid's InstagramDave's BiggerPockets ProfileDave's InstagramClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-626Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    626: How “Turnkey” Rentals Can Help You Build Real Estate Riches Faster

    Play Episode Listen Later Jun 23, 2022 60:14

    Turnkey rental properties have become a fan favorite for rookie real estate investors and investors who don't have enough time to manage their rehabs and rental properties. Turnkey real estate is marketed as a way for real estate investors to buy a rehabbed property, often with tenants and management in place, leaving them with just rent checks to collect. One company, Rent To Retirement, has become one of the most popular places to find turnkey investment properties—and for a good reason.Behind the helm is Zach Lemaster, former optometrist, and current real estate investor. After going through eight years of school, Zach was left with six figures in student loan debt and a job that required him to be on-site for the majority of his waking hours. Like most new real estate investors, Zach had hit a breaking point and realized he needed something else that could provide him income, without the time commitment.After shelling out a large sum on a wholesaling course, Zach began using his assignment fee profits and salary from his job to buy rental properties. Every year he would buy more and more rentals, allowing him to finally scale into what he calls “turnkey commercial” (triple net) properties that give him sizable rent checks without any of the management headaches. Zach has a real estate investing path worth repeating, and he explains how he did all of it in this episode.In This Episode We Cover:How to use wholesaling to make extra cash to invest in real estateThe dos and don'ts of long-distance real estate investing (don't make Zach's mistake)When to reinvest rental property profits so you can retire even soonerThe biggest challenges you'll face when building a real estate portfolio Turnkey rentals and why they're a great option for busy investorsThe importance of a great property manager and how a bad one can ruin your dealsAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022David's YouTube ChannelAsk David Your Real Estate Investing QuestionListen to All Your Favorite BiggerPockets Podcasts in One PlaceSubscribe to The “On The Market” YouTube ChannelDavid's BiggerPockets ProfileDavid's InstagramDave's BiggerPockets ProfileDave's InstagramMastering Turnkey Real Estate—How to Build a Passive Portfolio6 Pros & Cons of Investing in Turnkey PropertiesThe Perfect Blueprint for Scaling Quickly in Real EstateSubscribe to The Rent to Retirement YouTube ChannelRent to RetirementBooks Mentioned in the ShowThe Millionaire Real Estate Agent by Gary KellerThe E-Myth by Michael GerberConnect with Zach:Zach's BiggerPockets ProfileClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-626Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    625: Live Takes: How to Tackle the Tax Man by Buying More Real Estate

    Play Episode Listen Later Jun 21, 2022 61:55

    Every investor wants to know how to avoid taxes. Many rental property investors get into real estate for this reason alone. And it makes sense—rental property write-offs are not only common in the world of real estate investing but can be very lucrative in almost eliminating your yearly tax burden. So what happens when you feel like you've maxed out your real estate tax benefits? Is there a way to pump out even more tax advantages from the same property?We're back again with another Live Takes episode, where our hosts, David Greene and Henry Washington, do their best to answer the BiggerPockets community's investing inquiries. Joining us are four investors each at different stages of their journeys. These investors ask about how to reduce self-employment tax, finding a mentor when you're brand new to the investing game, what happens when partners disagree on where and what to invest in, and how to maximize depreciation on a cash-flowing property.Do you have a question you'd love to ask David? 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 jump on a live Q&A and get your question answered on the spot!In This Episode We Cover:How real estate professional status can greatly reduce your tax burden (if you qualify)Why smart investors look at their income before buying their next property The most valuable thing a new investor can bring to a mentorHow to know when to pivot investing strategies and the bright side of “shiny object syndrome”What to do when you and an investing partner can't reach a compromise Building and buying depreciation so you can keep more of your cash flowAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022David's YouTube ChannelAsk David Your Real Estate Investing QuestionListen to All Your Favorite BiggerPockets Podcasts in One PlaceSubscribe to The “On The Market” YouTube ChannelDavid's BiggerPockets ProfileDavid's InstagramDave's BiggerPockets ProfileDave's InstagramUnderstanding Rental Property Depreciation9 Simple Steps to Finding the Best Real Estate Mentor for YouHenry's InstagramClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-625Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    624: Seeing Greene: How to Get Around High Down Payment Requirements

    Play Episode Listen Later Jun 19, 2022 46:12

    You need a 20% down payment to buy a house, right? Most people assume that the standard down payment amount, 20% down, is the acceptable average when buying a rental property or a primary residence. But this isn't always true, even for real estate investors. Many investors will spend years saving up just a single down payment amount, only to later realize that they could have bought multiple rental properties faster if they would have done less down. So before you put a big chunk of change into your next rental, listen up.David Greene is back with another episode of Seeing Greene where he takes a multitude of questions from new and small real estate investors. There is an answer for everyone in this episode with topics covering down payment amounts, investing in US real estate while living abroad, new real estate agent tips, how to finance ADUs (accessory dwelling units), and retiring yourself (or your parents) with real estate investing!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:What type of rental property should you buy as your first real estate dealHow to dominate your market as a brand new agent and meet buyers and sellersAs a foreign investor, how can you get around the 35% down payment requirement How to finance an ADU to increase cash flow on your rental propertyShould you invest with your family if you haven't done a deal yet?Buying rental properties without having to save up a 20% down payment And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastDavid's YouTube ChannelAsk David Your Real Estate Investing QuestionListen to All Your Favorite BiggerPockets Podcasts in One PlaceGet Your Tickets to BPCon2022BiggerPockets Money PodcastWork with David's Team on Your Next MortgageDavid's InstagramDavid's BiggerPockets ProfileListen to Our Interview with Dan BraultBook Mentioned in the ShowSOLD by David GreeneSKILL by David GreeneFinding and Funding Great Deals by Anson YoungLong-Distance Real Estate Investing by David GreeneClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-624Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    623: 10th Grade Dropout to 400-Unit Apartment Complexes (WITHOUT Raising Money)

    Play Episode Listen Later Jun 16, 2022 65:56

    Multifamily real estate investors almost always raise money for their deals, right? Some would call it almost impossible to try and build a huge real estate portfolio without borrowing money or partnering up to take down bigger properties. Sofia Castro, along with her husband, not only built a multifamily portfolio using their own money, but did so starting with a severe disadvantage.Both Sofia and her husband were high school dropouts, living without much money, and practically no experience. A local entrepreneur took Sofia and her husband under his wing, teaching them both how to become leasing brokers. From there, they started building their entrepreneurial endeavor, eventually selling their business a couple of decades later for a whopping billion dollars.With cash in hand and real estate experience under their belt, they began buying apartment complexes to flip them as condos. Once the recession hit, Sofia knew this was the wrong business to be in, so she pivoted heavily towards multifamily rental investing, specifically investing in “core deals”. Now, she has a streamlined process for finding deals, buying deals, and screening tenants. She gives some out-of-the-box, but highly useful tips on tenant screening, property management, and why “value-add” real estate isn't all it's chopped up to be.In This Episode We Cover:“Core deals” explained and why they often beat value-add propertiesWhat are cap rates and why understanding them is crucial when buying multifamilyCondo conversions and the risk of flipping during downtimes in the economyTenant screening tips that will get you the best tenants who pay on time, every monthThe right way to do property management and why you shouldn't immediately outsourceHow to buy in the right real estate markets, plus the metrics Sofia looks for when investingAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastDavid's YouTube ChannelAsk David Your Real Estate Investing QuestionListen to All Your Favorite BiggerPockets Podcasts in One PlaceSubscribe to The “On The Market” YouTube ChannelDavid's BiggerPockets ProfileDavid's InstagramDave's BiggerPockets ProfileDave's InstagramRob's YoutubeRob's InstagramRob's TikTokRob's TwitterRob's BiggerPockets ProfileSteer Clear of Social Media ScamsShould You Self-Manage Your Properties or Hire a Pro?The Beginner's Guide to Buying Your First Multifamily PropertyShould You Raise Private Capital for Your Next Investment Project?Books Mentioned in the ShowABCs to Real Estate Investing by Ken McElroyThink and Grow Rich by Napoleon HillConnect with SofiaSofia's Instagram: @officialsofiacastroSofia's LinkedInSofia's FacebookSofia's WebsiteClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-623Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    622: 7 Expert Negotiation Tactics That Will Put a Buyer/Seller/Tenant on Your Side

    Play Episode Listen Later Jun 14, 2022 58:54

    The secrets to negotiation are often simpler than you think. There's no double-talk, bribing, or harshness necessary to get what you want. If you know what the other side wants (which you probably do already), you'll most likely have enough to negotiate successfully. So why aren't most people winning negotiations? Well, when everyone is buying or selling to get the most they can, it's often the people who create wins for their opponents that come out on top.David Greene would know this. He's one of the top real estate agents in the country and is the host of the biggest real estate podcast around (that's us!). His new book, SKILL: A Top-Producing Agent's Guide to Earning Unlimited Income, is more than a handbook for real estate agents. This book also details how almost anyone investing in, buying, or selling real estate can win negotiations easily.David spends time today outlining the seven negotiation tactics he has used in the past to lock down deals for buyers, sellers, and himself. You'll hear real-world examples of when David and co-host Rob used these tactics in their own investments plus exactly how to formulate each of these tactics so you can ultimately get what you want.In This Episode We Cover:Price anchoring and how adjusting a baseline can secure a quick win early in a negotiationStaying likable, yet stern, in a negotiation so the opponents want you to winPersuading opponents that your desired outcome is actually in their best interest Redefining the value you bring and showcasing it in an undeniable way Building a negotiation scarecrow that becomes the enemy (so you don't!)Reigning in FOMO when working with buyers or sellers in a hot housing market And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastDavid's YouTube ChannelAsk David Your Real Estate Investing QuestionListen to All Your Favorite BiggerPockets Podcasts in One PlaceSubscribe to The “On The Market” YouTube ChannelDavid's BiggerPockets ProfileDavid's InstagramDave's BiggerPockets ProfileDave's InstagramRob's YoutubeRob's InstagramRob's TikTokRob's TwitterRob's BiggerPockets Profile3 Not-So-Obvious Secrets to Masterful Real Estate NegotiationInvest with DavidDavid's Ted Talk on Building SkillsBooks Mentioned in the ShowSOLD by David GreeneSKILL by David GreeneBRRRR by David GreeneClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-622See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    621: Seeing Greene: Is Paying Off My Mortgage Early a Mistake?

    Play Episode Listen Later Jun 12, 2022 43:24

    Paying off your mortgage early—to some people, this sounds like a dream scenario. But to others, it could be a cash-tastrophe. We can already hear real estate investors yelling out “always use leverage”, “what about the low interest rates!?”, and “you can scale so much quicker!” Like many real estate investors, David Greene knows the power of leverage and loans to buy rental properties faster. But, it's safe to say that for some people, paying off a property or buying a home in cash may be a much smarter move.Welcome back to another episode of Seeing Greene where David answers questions directly from BiggerPockets listeners and viewers on YouTube. This time around, we have some seriously useful questions being answered for the new investor. These questions range from when to take out a loan and when to pay off a property, how to get started in real estate in your early twenties, how to build more cash flow as your expenses increase, how to get a HELOC on your rental property, and how to raise money for a down payment. All these questions (and more) are coming up!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:Weighing the pros and cons of leverage when investing in real estateHow to start investing in real estate without a ton of money or experience Why it's so difficult to get HELOCs (home equity lines of credit) on rental propertiesReal estate bookkeeping and how to keep all your accounts up to dateHow to finance your down payments so you can buy rental properties fasterGetting preapproved for a mortgage even if you have a 1099 income And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastDavid's YouTube ChannelAsk David Your Real Estate Investing QuestionListen to All Your Favorite BiggerPockets Podcasts in One PlaceGet Your Tickets to BPCon2022BiggerPockets Money PodcastWork with David's Team on Your Next MortgageDavid's InstagramDavid's BiggerPockets ProfileBook Mentioned in the ShowSOLD by David GreeneSKILL by David GreeneThe House Hacking Strategy by Craig CurelopClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-621See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    620: Ed Mylett Foresees Huge Opportunity for “Small Investors” in 2022

    Play Episode Listen Later Jun 9, 2022 65:17

    Ed Mylett knows the housing market. He's participated in real estate investing for decades and has become wildly successful thanks to his tenacity, relationship-building skills, and creativity when getting deals done. But, funnily enough, Ed Mylett isn't most well known for his real estate investor prowess—he's known for his mindset-shifting, world-changing ideas when it comes to personal development, discipline, and entrepreneurship.In Ed's newest book, The Power of One More, he talks about the small tweak that anyone can make to become many multiples more successful. In essence, every extra push-up, cold call, and hug to your spouse or child is the exact thing that puts you above the rest. It's not about putting in the effort, it's about putting in more effort than the average person would. This not only applies heavily to real estate investing but to any goal we set.David and Rob get the opportunity to talk to Ed about his book as well as his sentiment towards today's housing market and what deals he's doing in the background. You may be surprised to hear it, but Ed is incredibly bullish on real estate investing for a few good reasons. He gives a simple yet incredibly practical explanation for why this year is surprisingly the best time to get into real estate investing in a long time.In This Episode We Cover:How the power of “one more” can change everything about your life Why committing to your standards is arguably more important than goal setting How collective psychology is driving the market to new places (and how to escape its grasp!)Why investors must start “evaluating their income streams” instead of just their propertiesThe “most crazy deal” Ed has ever done and why it'll be a first of its kindBuilding the confidence you need to accomplish your dreams and create a life you loveAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastDavid's YouTube ChannelAsk David Your Real Estate Investing QuestionListen to All Your Favorite BiggerPockets Podcasts in One PlaceSubscribe to The “On The Market” YouTube ChannelCheck Out the “On The Market” Interview with J Scott6 Things You'll Need When Getting Into DIY LandlordingStart Landlording Smarter with AvailDavid's BiggerPockets ProfileDavid's InstagramDave's BiggerPockets ProfileDave's InstagramRob's YoutubeRob's InstagramRob's TikTokRob's TwitterRob's BiggerPockets ProfileBiggerPockets Podcast 433BiggerPockets Podcast 600The World's Least-Followed Investment Advice (& How it Can Make You a Millionaire)6 Empowering Strategies to Conquer a Paralyzing Fear of FailureBooks Mentioned in the ShowThe Power of One More by Ed MylettNothing Down by Robert AllenConnect with Ed:Ed's YouTubeEd's Instagram @edmylettEd's PodcastClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-620See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    619: BiggerNews June: Why "DIY Landlords" Will Win in a Recession

    Play Episode Listen Later Jun 7, 2022 61:45

    What do DIY landlording and inflation have to do with each other? Surprisingly, much more than you would think. As the year progresses and the housing market stays hot, more real estate investors are having trouble finding cash-flowing deals. At the same time, the tenants in those properties are seeing the price of their gas, groceries, and rent shoot up. Are tenants going to be left with enough money to pay rent every month? And if not, what will everyday landlords do to keep their properties?These questions are best left to someone who not only has experience owning and managing rental properties but helping others do the same. Laurence Jankelow, co-founder of Avail, one of the leading property management software picks, is here to talk about the future of the DIY landlord, especially in 2022. Laurence has seen the trends on who's increasing rent, who's not, and how many cash-flowing deals are on the table. Laurence, David, and Dave all take time to debate what the next year will look like for landlords and renters alike. If there is a recession around the corner, how can investors keep themselves in a strong position? What is the first expense new landlords should cut if their cash flow starts to dwindle? And what real estate trends are we seeing in today's market that you can get ahead of? All these questions (and more) are answered in this month's BiggerNews episode! In This Episode We Cover:Are we heading towards a recession, and if so, how do we prepare?How software like Avail has made “DIY Landlording” the standard for new investors The biggest challenges investors will face in 2022 and how to combat themHow would a recession affect the housing market (even as demand is high)The best money-saving tips for DIY landlords and real estate investors Inflation's effect on asset prices and pivoting in your investing strategy And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastDavid's YouTube ChannelAsk David Your Real Estate Investing QuestionListen to All Your Favorite BiggerPockets Podcasts in One PlaceSubscribe to The “On The Market” YouTube ChannelCheck Out the “On The Market” Interview with J Scott6 Things You'll Need When Getting Into DIY LandlordingStart Landlording Smarter with AvailDavid's BiggerPockets ProfileDavid's InstagramDave's BiggerPockets ProfileDave's InstagramBooks Mentioned in the ShowRich Dad Poor Dad by Robert KiyosakiConnect with Laurence:Email: laurence.jankelow@realtor.comLaurence's BiggerPockets ProfileClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-619See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    618: Seeing Greene: Is My Property Manager Skimming Off the Top?

    Play Episode Listen Later Jun 5, 2022 43:38

    Property management is a crucial part of your real estate investing business. They make repairs, take tenant calls, and most importantly, collect rent. But what happens when your property manager stops contacting you, forgets to send signed leases, and doesn't send you your rent checks? When is it time to start worrying and how do you go about asking a property manager for your money back?Welcome back to Seeing Greene, where your expert investor, agent, lender, and podcast host, David Greene, answers some of the most commonly asked real estate investing questions. In this episode, we take both video and written submissions and throw them at Dave to get his time-tested take. You'll hear questions like, whether to pursue a business or buy rental properties, when to sell an investment property to reinvest profits, how to look for joint venture partners, and what to do when you're concerned about your property manager's performance. 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:When to start a business or buy a rental property (and how to do both)Why ROE (return on equity) beats ROI (return on investment) in 2022What to ask a potential partner to see if they're a good fit for a joint venture dealHow to score lower interest rates on mortgages as a self-employed investor When and which rental property repairs to prioritize after a home inspection What to do when you suspect a property manager may be skimming off the topAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastDavid's YouTube ChannelAsk David Your Real Estate Investing QuestionListen to All Your Favorite BiggerPockets Podcasts in One PlaceGet Your Tickets to BPCon2022Stay Tuned for Our Upcoming Episode with Ed MylettAttend a David Greene Meetup5 Red Flags to Watch For When Hiring a Property ManagerBook Mentioned in the ShowLong-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-618See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    617: Why Every Great Investor Should Ask, “What Pisses Me Off?”

    Play Episode Listen Later Jun 2, 2022 62:51

    Single-family rentals are where most real estate investors start. In one way or another, a new investor realizes that there is more to life than just their job. They save up, get educated, and buy their first rental property. Those who do well repeat the process, slowly growing their portfolio to double-digit numbers. But, at a certain point, they realize they can't go any further with the system they've set up for themselves. What should they do?Rich Fettke, co-founder of Real Wealth, and author of The Wise Investor, fell into real estate accidentally. Over the years he's had to fine-tune his system, scale his team, and learn how to become not only a successful investor but a successful leader. Now, he runs one of the premier real estate investing websites on the internet, manages three syndications per year, and still individually invests in rental properties.Thanks to his track record of more than two decades, he knows what does and doesn't work when trying to scale your real estate portfolio. Most importantly, Rich knows who to hire onto your team so you can continue to build wealth, without having to do all the work yourself.In This Episode We Cover:Where new investors should look to purchase their first investment property How to scale from single-family rental properties to syndication dealsWhy most investors “trap” themselves without a scalable teamTurning challenges into adventure and shutting down the “inner gremlin”Asking yourself, “what pisses me off?” when defining your company's core valuesAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastDavid's YouTube ChannelAsk David Your Real Estate Investing QuestionListen to All Your Favorite BiggerPockets Podcasts in One PlaceReal Wealth NetworkThe Simplest Way to Successfully Scale Your BusinessSyndications—Everything You Need to Know BEFORE You InvestBooks Mentioned in the ShowThink Again by Adam GrantThe Book on Rental Property Investing by Brandon TurnerThe Wise Investor by Rich FettkeBE 2.0 (Beyond Entrepreneurship 2.0) by Jim CollinsConnect with David:David's InstagramDavid's BiggerPockets ProfileConnect with Rob:Rob's YoutubeRob's InstagramRob's TikTokRob's TwitterRob's BiggerPockets ProfileConnect with Rich:Follow Rich on Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-617See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    616: Making Money in The Metaverse and The Future Of Digital Real Estate

    Play Episode Listen Later May 31, 2022 81:48

    If you've heard of digital real estate, there's a good chance you've watched one of Ryan Pineda's videos. Ryan is a leading figure in the world of real estate investing not only in the Las Vegas, Nevada area but throughout the interwebs. He got started flipping homes and eventually scaled his business up to 100 flips per year! Since then he's branched off into multiple different real estate-related business ventures, but his newest one may be the most revolutionary.During the lockdowns of 2020, Ryan began to research blockchain, cryptocurrency, and decentralized finance. He saw the way that the world was moving and realized it would only be a short amount of time until real estate transactions were regularly done on the blockchain. This dip into DeFi piqued his interest, so he began researching, investing, and putting more of his time into virtual and digital real estate research.Ryan makes a strong case as to why most real estate services will move over to a blockchain model, and those that don't will be left in the dust. Most of what Ryan preaches isn't just speculation—it's happening right now in the real world. If you want to get ahead of the curve, or just finally understand what an NFT is, Ryan is the guy to listen to.In This Episode We Cover:Starting businesses that help scale and optimize your rental property portfolioHow blockchain could end the title company industry and what investors need to knowRaising private capital and selling properties with decentralized finance NFTs and using them to split shares/ownership in a real estate syndication Combining digital and physical real estate investments for maximum diversification What a blockchain beginner can do to get their start in the virtual investing world And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastDavid's YouTube ChannelAsk David Your Real Estate Investing QuestionListen to All Your Favorite BiggerPockets Podcasts in One PlaceBiggerPockets Real Estate Podcast 292BiggerPockets Real Estate Podcast 407What Are NFTs and Why Should Real Estate Investors Care?Watch Our Video on Investing in Virtual Real EstateConnect with David:David's InstagramDavid's BiggerPockets ProfileConnect with Rob:Rob's YoutubeRob's InstagramRob's TikTokRob's TwitterRob's BiggerPockets ProfileConnect with Ryan:Ryan's WebsiteRyan's “Tykes” ProjectSubscribe to Ryan's YouTube ChannelClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-616See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    615: Seeing Greene: Lucrative Lot Splits & Lowering Your Liability as a Landlord

    Play Episode Listen Later May 29, 2022 40:52

    Rental properties come in all shapes and sizes. You may be investing in short-term rentals, long-term rentals, glamping sites, or, maybe you're trying to help someone else buy a rental property. Regardless of where you choose to hang your hat on the real estate investing spectrum, David Greene probably has a golden nugget of advice for your next purchase, sale, or client. In this week's episode of Seeing Greene, David takes questions from investors, agents, wholesalers, and more to help answer some of the most common real estate inquiries. You'll hear topics such as: whether or not a special use permit will increase property value, when to sell and when to refi a rental property, whether or not each separate short-term rental needs its own LLC, and why David stopped looking for under-market properties and started looking at something else entirely. 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 CoverWhen to hold a property at a great interest rate and when to sell or refiWhat it means to “ethically wholesale” and getting deals while helping a sellerLot splitting and the implications it could have on your taxes, insurance, and equity How to succeed in a new market as a real estate agent and dropping “hooks” whenever you canWhen to put your property in an LLC and whether or not each rental requires its ownWhether or not landlords are making the housing market unaffordable for average homebuyersAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastDavid's YouTube ChannelAsk David Your Real Estate Investing QuestionListen to All Your Favorite BiggerPockets Podcasts in One PlaceListen to Our “Ethical Wholesaling” Episode with Jamil DamjiBooks Mentioned in the Show:Buy, Rehab, Rent, Refinance, Repeat by David GreeneLong-Distance Real Estate Investing by David GreeneSold by David GreeneSkill 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-615See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    614: The Cash-Flow Boosting Businesses that Savvy Real Estate Investors Own

    Play Episode Listen Later May 26, 2022 78:03

    Knowing how to buy a business is a lot like knowing how to buy a rental property. First, you'll need to know the price of the asset, then the cash flow, followed by expenses, and finally the structure. Because buying real estate is perceived as “simpler” than buying a business, most investors decide to go the real estate route—but they could be missing out. Codie Sanchez saw this opportunity when she was working in venture capital and decided to try out the business buying route herself, just on a smaller scale.Codie can be perceived as your classic “value-add” investor, which much of the real estate investing community can relate to. She finds a business that has a strong foundation but lacks the tech or marketing to grow faster or increase its profits. When a business has a strong underlying value, just like a rental property, it's easier than most people think to “renovate” it into something that will sell for far higher.Codie stresses that buying businesses isn't so different from buying real estate. She also categorizes which businesses real estate investors should buy if they're looking to maximize their cash flow and minimize their expenses. With some help from Codie, you could be relying on much more than just rent checks soon! In This Episode We CoverWhat a “value-add business” looks like and how to find undervalued businesses Evaluating and analyzing a business purchase and which key metrics to calculate before making an offerBuying off-market businesses and why most business owners never consider selling (until you ask)The three questions every investor MUST ask before buying a business Buying instead of building and how trying to build a business can cost you much more than just moneyBecoming the business owner, not the operator, and outsourcing everything you can And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastDavid's YouTube ChannelHear Codie's Interview on The BiggerPockets Business PodcastHow to Use the DISC Profile to Communicate Effectively in Business“Contrarian Thinking” NewsletterQuiet LightBizBuySellEmpire FlippersConnect with David:David's InstagramDavid's BiggerPockets ProfileConnect with Rob:Rob's YoutubeRob's InstagramRob's TikTokRob's TwitterRob's BiggerPockets ProfileConnect with Codie:Codie's TwitterCodie's InstagramCodie's TikTokClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-614See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    613: 6 Bite-Sized Steps to Buying Your First Rental Property

    Play Episode Listen Later May 24, 2022 62:19

    Buying an investment property is a lot like exercising. At first, you don't know any of the verbiage, then you start learning the tools, and finally, after some repetition (and help from those around you), you can become a real estate (or jiu-jitsu/weight lifting/yoga) expert! Think of David Greene and Rob Abasolo as your spotters for today's deep dive into buying a rental property. Their advice will help you lift the weight, even if you feel uneasy at times!David and Rob, unsurprisingly, started out like everyone else in the real estate investing space. They had no deals, no experience, and not a lot of money. But, over the past decade, both have become experts in their specific investing niches—through trial and a lot of error. Now, they bring you more than a decade worth of combined experience so you can stop hesitating and start taking action.If 2022 is the year for you to start building wealth and pave your path to financial freedom, then this is THE episode to listen to. David and Rob discuss the five most common rookie real estate mistakes and six bite-sized steps that will allow you, no matter your experience, to buy your first, or next, real estate deal. They'll also give a full walkthrough on how to analyze a real estate deal, plus a special bonus that will allow you to hyper-accelerate your growth in the real estate investing world!In This Episode We CoverThe two biggest hurdles that stop people from ever investing in real estateThe wealth-building “pillars” that all investors must know before they start investing Five common mistakes that almost every real estate rookie will faceWhy new investors should “commit” before they start educating themselves Using your network around you to find real estate leads, financing, and contractorsHow to analyze a deal for free using the BiggerPockets Rental Calculator 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 2022Get a Special Discount on BiggerPockets Pro Using Code “REPOD22“BiggerPockets CalculatorFind an Investor-Friendly Agent in Your AreaHear Our Episode with Rent By the Room Expert Todd BaldwinWatch David's Interview with CNN on Rising Interest RatesWork with David's Team at The One Brokerage on Your Next Home LoanConnect with David:David's InstagramDavid's BiggerPockets ProfileConnect with Rob:Rob's YoutubeRob's InstagramRob's TikTokRob's TwitterRob's BiggerPockets ProfileClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-613See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    612: Seeing Greene: Is a Headache Seller Worth Losing a Deal Over?

    Play Episode Listen Later May 22, 2022 38:24

    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 MortgageBooks 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-612See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    611: Using a "Miserable" Job to Fuel a Fast-Growing Flipping Portfolio

    Play Episode Listen Later May 19, 2022 56:55

    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-611See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    610: Live Takes: The 5,000 Mile Away BRRRR (REALLY Long-Distance Investing)

    Play Episode Listen Later May 17, 2022 78:37

    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-610See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    609: Seeing Greene: Gift Funds, Crash Indicators, and Problems with Partnerships

    Play Episode Listen Later May 15, 2022 53:51

    Why can't I use gift funds on my down payment? What are the common housing market crash indicators that real estate investors should look out for? And why does David only invest with the short-term rental king, Rob Abasolo? If you're joining us today for this episode of Seeing Greene, you'll hear answers to all these questions and more!David takes some time out of his day to sit down and answer arguably the most hard-hitting, specific questions we've had to date on an episode of Seeing Greene. These questions include how to find synergy between your career and your investing goals, how to not cross the line when working with multiple agents, the best ways to purchase real estate with no (or low) money down, and why David rarely partners up on real estate deals. Some of these questions may hit home for you, as most of today's guests are either rookie real estate investors or young professionals looking to get their start in investing. Do you have a question you'd love to ask David? 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 jump on a live Q&A and get your question answered on the spot! In This Episode We CoverHow to "explode" as a real estate investor working full-time in a related field Working with multiple agents in a market without crossing the client-exclusivity line Purchasing small multifamily deals with no and low money down How to get around the “gift funds” rule for rental property mortgages The telltale signs that lenders are seeing a housing crash on the horizon The problem with real estate partnerships and how to prepare to be in one And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastSubmit Your Questions to David GreeneDavid Greene MeetupsDavid Greene TeamDavid on BiggerPocketsWork with David as a Loan OfficerReal Estate Rookie Podcast 73: Partnerships—What to Do Before You Jump in With Another InvestorGet Your Ticket for BPCon 2022Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-609See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    608: The “Golden Trio” Every Real Estate Investor MUST Have to Truly Profit First

    Play Episode Listen Later May 12, 2022 63:14

    The Profit First system was revolutionary when introduced by Mike Michalowicz. In simple terms, Profit First allowed small business owners to take home bigger paychecks, reinvest in their business, and scale with ease, oftentimes while doing even less. The age-old adage of “do more work, make more money” was turned on its head by simple accounting practices. In reality, the business owners who were doing the most work were making the least, while business owners who truly knew their numbers worked less, made more, and had more money to invest.After reading Profit First, David Richter knew that this same system could be applied to real estate investing. David grew a rental portfolio himself by learning from a local mentor. This mentor had a growing team, a scaling business, but was making less and less with every deal done. As David investigated more real estate investors' businesses, he found that this wasn't an isolated case. Most investors were making low wages, working far more than at the jobs they had quit, and had inflated businesses, to say the least.With some simple accounting practices, which David describes in this episode, real estate investors can turn their business into Profit First powerhouses using very simple steps. If you've been feeling burnout from a barrage of deals, but aren't seeing the profit you've worked so hard for, you'll want to pick up David's new book, Profit First for Real Estate Investing!In This Episode We CoverThe Profit First formula and why most real estate investors calculate profit all wrongThe biggest mistake that real estate rookies make when starting their businesses Why more deals doesn't automatically equal more money in real estateThe rockstar team member that can make or break your businessThe “golden trio” of accounts that every investor should have set upRedefining the “pay yourself first” method of making money And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGrab Your Tickets for BPCon 2022Invest in David and Rob's Next PropertyDavid's YouTube ChannelDavid's Free Giveaway for BiggerPockets ListenersOur Interview with “Profit First” Author, Mike MichalowiczDavid Greene | BiggerPocketsDavid Greene MeetupsDavid Greene TeamClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-608See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    607: Multifamily Q&A: How to Start, Scale, and Succeed in Apartment Investing

    Play Episode Listen Later May 10, 2022 78:58

    Is multifamily real estate investing as complicated as investors make it out to be? If you're Andrew Cushman of Vantage Point Acquisitions, you'd probably argue that although multifamily has a bit more complexity than single-family rentals, it's still, by all means, profitable for the everyday investor. In the early 2000s, Andrew didn't know anything about pro formas, apartment underwriting, or the best type of mulch to use on large-scale landscaping. Now, more than a decade later, Andrew has been able to lead his team in acquiring, syndicating, and repositioning over 2,500 multifamily units. He's here with David Greene to answer live questions surrounding anything and everything related to multifamily investing. He gives stellar takes on the current state of the market, how rising interest rates will affect multifamily investing over the next few years, and the best way to increase your ROI (return on investment) on a multifamily acquisition.You don't need to be a large-scale apartment investor to take away some golden nuggets from this episode. Even if you've never thought of investing in multifamily, Andrew frames multifamily in a way that'll have you wondering, “could I buy that apartment down the street?” In This Episode We CoverThe five most important factors to understand when looking at a multifamily deal Multifamily debt and equity, plus how they dramatically differ from single family rentalsHow to use pro forma calculations when underwriting a deal and protecting yourself from overinflated profit numbersWhether or not today's rising interest rates will cause a sell-off of multifamily propertiesThe easiest improvements that will dramatically boost your ROI on a multifamily propertyWhat rookie investors get wrong about finding good deals in today's market And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastSubmit Your Questions to David GreeneVantage Point AcquisitionsInvest with David GreeneThe 3 Cs to Achieving Success as an InvestorGoBundanceBiggerPockets Podcast 170: The Journey From Flipping Houses To Owning 1470 UnitsBiggerPockets Podcast 279: How to Find Overlooked Opportunities in a Hot MarketBiggerPockets Podcast 586: The 8 Steps That Will Stop You From Getting Burnt on Multifamily DealsBiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily DealDavid Greene | BiggerPocketsDavid Greene MeetupsDavid Greene TeamClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-607See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    606: Seeing Greene: The “Base Hit” Rental Properties That Will Make You Rich

    Play Episode Listen Later May 8, 2022 55:03

    If you're looking to buy rental properties, build a real estate portfolio, and level up your wealth?—you're in the right place. But, as the housing market stays red hot, it can be a struggle for both new and old investors to know where to look for their next cash flow or appreciation play. Do you stick with on-market properties that may be easier to come by but with serious competition, or do you go the off-market property route and look for distressed, yet overlooked properties.Get answers to this question (and many more) on this episode of Seeing Greene, with your host, David Greene. As always, David takes questions from you, the listeners, to answer some 2022-specific and age-old questions about rental property investing and real estate as a whole. Topics of today's show include classics like buying new construction vs. an existing rental property, how to invest within your retirement accounts, on-market deals vs. off-market deals, and why certain properties stay on the MLS for so long.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:Buying for appreciation vs. cash flow in today's fiercely competitive housing marketHow to invest in real estate even if you're well into retirementThe three main reasons that a property will sit on the MLS for monthsWhen to quit your job and go full-time into real estate investing (and how to set yourself up for a successful departure)The 1031 exchange and how it works to defer taxes for rental property investorsUsing built-up equity to invest in more cash flow and higher appreciationAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastSubmit Your Questions to David GreeneBiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising RisksBiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New InvestorsSeeing Greene: Questions from BiggerPockets' Best and Brightest (Episode 600!)Seeing Greene: Should You Pay Off Debt or Invest in Real Estate?Seeing Greene: FHA Loans, Cash Flow Shrinkage, & Bidding $200k Over Asking10 Actionable Steps Anyone Can Follow to Buy a Rental PropertyDavid Greene MeetupsDavid Greene TeamClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-606See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    605: More Problems, More Money & Why Investors Should Search for Fresh Headaches

    Play Episode Listen Later May 5, 2022 67:55

    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-605See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    604: BiggerNews May: What the Media Isn't Telling You About a “Housing Crash”

    Play Episode Listen Later May 3, 2022 61:20

    It's a housing market crash! It's a housing market bubble! It's a relatively normal and stable housing market! Two of these statements might make you excited, anxious, or hopeful, while one simply makes you yawn. For years, we've heard numerous news outlets, forecasters, and housing authorities tell us that the next housing crash is right around the corner, only for home prices to skyrocket, interest rates to rise, and demand to stay red-hot.If you want to know if a housing market crash is coming, Rick Sharga, Executive Vice President at ATTOM, a leading provider of nationwide property data, is the person to talk to. His entire job is based on finding and figuring out the data behind housing market movements, which he then presents to field leaders who are trying to make better buying, selling, and lending decisions.Rick is an industry vet and was around during the mid-2000s housing market crash, the great recession, the foreclosure crisis, and everything that followed. Rick has seen the runup in housing prices over the past two years and has some interesting theories as to where we're headed next. Whether you think we're in for smooth sailing or on the cusp of another crash, Rick's predictions may surprise you. In This Episode We Cover:Why competition has recently fallen and whether or not this is permanent for the housing market The difference between 2022's housing market and the 2007/2008 housing marketWhether or not raising interest rates has affected hot housing marketsIf we're entering bubble territory and how to tell the real estate market is going southWhich real estate markets are primed for a correction in 2023 (and beyond)How to get ahead of the foreclosure auctions in a “high equity” housing market And So Much More!Links from the showATTOM Data SolutionsOn The Market PodcastRedfinZillowFannie Mae Wallstreet JournalWeatlh TrackFederal Housing Administration (FHA)BlackstoneRealtyTracYoutubeTiktok Dave Meyer's Instagram @thedatadeliBiggerPockets YoutubeDavid Greene's Instagram @davidgreene24David Greene Real Estate (Youtube)Rick's LinkedInRick's Twitter @rickshargaClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-603See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    603: Seeing Greene: Hold or Sell, Maxing Out on Mortgages, and Investor FOMO

    Play Episode Listen Later May 1, 2022 57:36

    The ROI (return on investment) of a rental property is arguably one of the most calculated metrics when deciding whether or not to invest. Even veteran landlords tend to look at ROI as the sole metric that decides whether or not something is a “deal”. But, in the 2022 housing market, more and more landlords are seeing a massive boost in equity, and new investors are finding cash flow harder and harder to find. Has ROI kept its relevance?Welcome back to another episode of Seeing Greene, where expert investor, agent, author, and real estate investor, David Greene, takes time to answer the BiggerPockets community's most top-of-mind questions. In this episode, we touch on topics such as how to scale your portfolio on limited funds, whether or not to invest in tenant-friendly states, long-distance house hacking, and the foolproof way to decide whether to hold or sell in 2022.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:The three ways any real estate investor can scale their portfolio Investing in a market facing depopulation and how to research a rental marketCritiquing the “only cash flow” argument and what other important metric to pay attention toHolding vs. selling your rental properties in 2022 (and how to decide which path to choose)DSCR loans and how to get around the residential mortgage maximumInvestor FOMO and whether or not to buy or wait in today's hot housing marketAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastSubmit Your Questions to David GreeneThe U.S. Census BureauCNN MoneyYahoo FinanceBiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising RisksBiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with RentalsBiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New InvestorsSeeing Greene: Questions from BiggerPockets' Best and Brightest (Episode 600!)Seeing Greene: Should You Pay Off Debt or Invest in Real Estate?Seeing Greene: FHA Loans, Cash Flow Shrinkage, & Bidding $200k Over AskingDavid Greene MeetupsDavid Greene TeamClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-603See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    602: Why The “Right Way” to Buy Rentals is Wrong

    Play Episode Listen Later Apr 28, 2022 77:49

    If you want to invest in real estate, you're probably taking a safe, slow approach to building a rental property portfolio. As a real estate rookie, people tell you that the safest way to invest is to get good at one thing while keeping a distance from doing deals outside your comfort zone. While this type of advice isn't wrong for everyone, it may miss the mark for some.Investors like Marjorie Patton have found ways to dramatically diversify themselves in the world of real estate, without their losing shirts. Marjorie is the head of sales for a financial technology firm by day and a real estate investor, house hacker, flipper, and private money lender by night. With some rather unexpected renovation costs on her first property (and with no safety reserve), Marjorie was forced to learn real estate investing on the fly.Fast forward to today, Marjorie has a seven-door portfolio in the expensive Denver, Colorado area. She's grown quickly and has seen healthy profits, but has no need to quit her W2. Instead, she's going to creatively parlay any deal that comes across her desk so she can build wealth while continuing to work somewhere she loves.In This Episode We Cover:Why diversifying in real estate isn't such a bad idea, plus how to prepare to do different dealsUsing the concepts you know in everyday life to build a real estate portfolio The benefits of being “scared” when doing deals and building confidence through mistakesWhen the right time to quit your W2 is and why you don't have to succumb to the “financial freedom” pressuresFlipping homes, lending private money, and investing in deals with partnersHouse hacking an expensive property while keeping your cost of living lowAnd So Much More!Links from the Show:BiggerPockets WebsiteBiggerPockets BookstoreBiggerPockets On The Market PodcastBiggerPockets Youtube ChannelBiggerPockets Podcast #467: #1 NYT Bestselling Author Adam Grant on the Need to “Think Again”EbayMLS (Multiple Listing Service)Mike Tyson's Official WebsiteSteve Jobs' Wikipedia PageSteve Wozniak's Wikipedia PageMalcolm Gladwell's Official WebsiteWarby Parker WebsiteRocky Mountain Women Invest MeetupAirbnbRedfinHBO's BillionsMark Ferguson's Wikipedia PageRob's TikTok ProfileRob's InstagramRob's Youtube ChannelRob's TwitterDavid's InstagramDavid's Tiktok ProfileDavid's Business WebsiteConnect with Marjorie:Marjorie's InstagramDenver Women Investor Meetup InstagramCheck the full show notes here: https://www.biggerpockets.com/blog/real-estate-602See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    601: Why Hitting Your “Goals” Isn't Enough & Where 95% of Investors Unknowingly Fail

    Play Episode Listen Later Apr 26, 2022 66:38

    What makes a millionaire mindset? Everyone knows what it takes to become successful: hard work, grit, tenacity, and (usually) some form of intelligence. But with so many people (real estate investors specifically) working hard, day in and day out, why aren't we seeing a plethora of unbelievably successful individuals? It turns out, the problem isn't within the system of building wealth, but the individual.Jason Drees, mindset coach and author of Do the Impossible, has seen numerous individuals come to him confused, doubtful, and wanting to do more. Within a matter of years or even months, these individuals poised on success attain things that would take most people many lifetimes. So what's the difference between a massively successful investor and a moderately successful one?In today's show, Jason breaks down the alchemy behind building a business, a life you love, and massive wealth. He even takes a break to coach David and Rob on their future business plans, uncovering some roadblocks and new paths that they never even knew existed. If you've been stuck in analysis paralysis, or simply have a goal to get to fast, this is the episode to not only listen to but take notes and review so you can grow as well.In This Episode We Cover:Why 95% of real estate investors aren't aiming high enough (and how it's hurting them)Evolving your mindset after hitting a goal, no matter how smallHitting unknown goals and looking for accomplishments that excite youUsing your emotion to navigate success and listening to your internal guidanceWalking the path to greatness instead of settling for successHow to “Frame” your goals, plus a live example with David and RobAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerpockets BookstoreBrandon's InstagramTony Robbins's WebsiteTony Robbins Life CoachingDavid's InstagramThe David Greene Team's TikTok ProfileRob's InstagramRob's Youtube ChannelRob's TikTok ProfileConnect with Jason:Jason's Company WebsiteJason's InstagramCheck the full show notes here: https://www.biggerpockets.com/blog/real-estate-601See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    600: Seeing Greene: Questions from BiggerPockets' Best and Brightest (Episode 600!)

    Play Episode Listen Later Apr 24, 2022 50:57

    Welcome episode 600 of the BiggerPockets Real Estate Podcast! Whether you're a first-time listener or a David Greene addict, we're happy to have you here. In today's episode of Seeing Greene, David takes questions from some of the biggest names in the real estate investing space, including fan favorites like Ed Mylett, David Osborn, and even…Brandon Turner (he's back!)While this show features some high-level investors, the questions still apply to everyday investors. David answers questions ranging from how to find work-life balance, what to do to get your offer accepted in today's hot market, how to balance skill with ambition, and where to start when hiring employees for your real estate investing business. Even if you've yet to buy your first rental property, advice like this could slingshot your wealth-building journey farther than you knew you could go!Thanks again to all our celebrity guests for sending in their questions! Heard a question that resonated with you? Want to hear David's thoughts on a certain topic? 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 with the man himself.In This Episode We Cover:How to start (and stay) performing at your best so you can accomplish your goalsWhat the David Greene team is doing to win bidding wars in today's hot housing marketThe best metric to look at when deciding whether or not to buy a propertyHow to maintain work-life balance when working, running your business, and investingTips for hiring employees that can help you build your real estate portfolioThe three biggest leadership tips when running a team (or teams!)David's dream Chipotle order and how to ensure your burrito isn't soggyAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastSubmit Your Questions to David GreeneWhat Michael Jordan and Kobe Taught Tim Grover about “Winning”Investing and Landing Great Deals at Auctions with David Osborn and Aaron AmuchasteguiFrom “D-Student” to $400,000 in Annual Rental Property Cash Flow with David OsbornGobundanceYou Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses40 Doors in the First 2 Years with Henry WashingtonTurning $5K Into $5K/Month and Retiring at 40 with Tim RhodeBiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany ArnasonThe 7 Tips @investorgirlbritt Used to Go from Amateur to Pro InvestorBig Goals? Here's How to Get Your Spouse or Partner on Board with Jay and Wendy PapasanBecoming a Millionaire Real Estate Investor Using The One Thing with Jay PapasanBiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising RisksBiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with RentalsBiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New InvestorsDavid Greene MeetupsDavid Greene TeamClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-600See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    599: The Investing “Cheat Code” of Opportunity Zone Rentals

    Play Episode Listen Later Apr 21, 2022 66:26

    Opportunity zone investing hasn't always been around for real estate investors to take advantage of. But as the government began upping the incentives around this type of real estate investing, more tax-savvy investors started to pay attention. You may have heard of opportunity zones before, but you probably don't know how much of a heavy hitter they are in the realm of tax reduction.Someone who does know about opportunity zone investing is King Malaki Sims—CPA and avid real estate investor. He's been buying and building homes in opportunity zones for years and makes the case that this type of investing truly is the best real estate “cheat code” out there. Through his simple strategy, Malaki has been able to not only defer taxes but in some cases, eliminate them entirely, just through simple, smart real estate investing.Malaki shares how even a novice real estate investor can find, fund, finish, and furnish an opportunity zone rental property all while keeping Uncle Sam away from their hard-earned profits. If you want to build wealth without having to worry about 1031-ing your properties, Malaki is the man to listen to.In This Episode We Cover:Opportunity zones explained and how new investors can start investing in themWhere to find opportunity zones in your local area (no matter where you live!)Funding opportunity zone investments with little to no money down The biggest opportunity zone myths that scare away investors far too earlyDepreciation, bonus depreciation, and tax-deferral strategies you can take advantage ofHow crypto, stock, and other investors can invest in real estate tax-free And So Much More!Links from the Show:BiggerPockets WebsiteBiggerPockets BookstoreBiggerPockets ForumsBiggerPockets Podcast Episode 569: Rich Dad's CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom WheelwrightRobert Kiyosaki's Official WebsiteDonald Trump's Official WebsiteCalifornia Opportunity Zone WebsiteCryptocurrencyRob's TikTok ProfileRob's InstagramRob's Youtube ChannelDavid's InstagramDavid's Tiktok ProfileConnect with King Malaki:King Malaki's InstagramKing Malaki's ClubhouseCheck the full show notes here: https://www.biggerpockets.com/blog/real-estate-599See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    598: How to "Invest on Repeat" with The BRRRR Strategy

    Play Episode Listen Later Apr 19, 2022 92:29

    The BRRRR method can be taught by no one better than David Greene, author of Buy, Rehab, Rent, Refinance, Repeat, and adorably dubbed “Sir BRRRR” by co-host Rob Abasolo. While David may be a master of BRRRR budgets, schedules, and rehabs, Rob isn't as familiar with doing full-on buy, rehab, rent, refinance, and repeat rentals. To not only help out Rob but the BiggerPockets audience as a whole, David does a full walkthrough on his latest BRRRR.This hillside property situated in David's native San Francisco Bay Area has huge potential to become a cash-flowing, equity-increasing deal. David is turning this large home into multiple smaller units that will rent out to A-class tenants and should net him a six-figure equity boost simply by doing these cash-flow-first renovations.David walks through exactly how to find BRRRR properties, telltale signs of a good (or bad) BRRRR deal, how to use the BiggerPockets BRRRR calculator, funding options for your BRRRR (from David's broker!), writing up a contractor scope of work (SOW), and how to build cash flow when there isn't any to be found. You'll also hear how David had a surprise run-in with the cops when walking this property. Action, excitement, and lots of equity are all coming up in this episode!In This Episode We Cover:The first signs that a property may be a great BRRRR deal Using the BiggerPockets BRRRR calculator to evaluate deals and raise private capitalFinancing options you have when funding (and rehabbing) a BRRRRContractor bids and BRRRR budgets (even if you don't have rehab experience)Before photos and David's exact conversion plan to turn a single property into a cash-flowing multifamily The huge wealth-building benefits of getting creative when finding value-add real estateAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets CalculatorsBiggerpockets.com Pro Upgrade Code: REPOD21BiggerPockets PodcastZillowRealtor.comBiggerPockets Conference and EventsRentometerThe 1 BrokerageBuilding Your “Passive Income Blueprint” Using the Right Real Estate Agent w/ Johnny HoangBooks Mentioned in the Show:Buy, Rehab, Rent, Refinance, Repeat by David Greene The Book on Estimating Rehab Costs by J ScottConnect with Rob:Rob's TikTok ProfileRob's InstagramRob's Youtube ChannelConnect with David:David's InstagramDavid's Tiktok ProfileDavid Greene TeamCheck the full show notes here: https://www.biggerpockets.com/blog/real-estate-598See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    597: Seeing Greene: Should You Pay Off Debt or Invest in Real Estate?

    Play Episode Listen Later Apr 17, 2022 52:50

    Should you pay off debt or invest in real estate? Whether you're young or old, rich or poor, in consumer debt or student debt, this is a question that almost everyone has. With inflation hitting decade-long heights, debt seems to be worth less and less every day. But, the other side to this coin is that asset prices, including real estate, are going up. Is there a right move to make, or are we stuck treading water without enough financial traction to stick to?Hear answers to this question (and many more) on this week's Seeing Greene, with your favorite host, agent, investor, and mortgage magician, David Greene. In this episode, you'll hear topics touched on like whether to house hack or buy cash-flowing rentals, what to expect (and not expect) from your real estate agent, how to reduce (and account for) property taxes, how inflation and interest rates will affect the housing market and the best piece of advice David would give new real estate investors.Heard a question that resonated with you? Want to hear David's thoughts on a certain topic? 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 real-time answers!In This Episode We Cover:How inflation can positively affect your debt payoff and using your momentum to buy real estateHouse hacking in expensive areas vs. buying short-term rentals that cash flowHow David's real estate team sets up clients and investors for successFinding the right property manager that will handle your portfolio's headachesWhether buying new construction or an existing home has better long-term ROIHow to claim rental income (including house hack income) so you can increase your financeabilityAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastSubmit Your Questions to David GreeneBiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN PropertiesBiggerPockets Podcast 570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to ScaleBiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House HackingBiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising RisksBiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with RentalsBiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New InvestorsDavid Greene MeetupsDavid Greene TeamClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-597See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    596: The 3 Ways to Find Profitable Properties that Big Investors Won't Touch w/Amanda Cruise

    Play Episode Listen Later Apr 14, 2022 52:24

    Mobile home park investing wasn't very attractive until a few years ago. Thanks to big names in the mobile home park space (like BiggerPockets' own Brandon Turner), the mobile home investing game has become one of the hottest commodities in the world of real estate investing. But it must take a huge jump to go from investing in single-family rentals to double-digit-unit parks, right?Today's guest, Amanda Cruise, is here to tell you that bigger doesn't always mean more challenging. She actually got out of single-family rental investing due to the non-stop headaches of dealing with contractors, property managers, and tenant maintenance problems. She started doing “Lonnie Deals” where she would seller-finance mobile homes to local buyers. Soon, after enough success, she moved on to tackling entire mobile home parks!But how did Amanda beat out the competition when the mobile home park space is so hot? Thankfully, Amanda shares her three top tips on getting around institutional investors so you can purchase cash-flowing mobile home parks, without the headaches of syndicating or raising vast amounts of capital.In This Episode We Cover:“Lonnie Deals” and seller financing mobile homes for profitWhy changing title on a mobile home is far easier than on a traditional homeFinding motivated sellers and how to slide under the radar of institutional investorsScaling your team and the “must-have” roles when buying mobile home parksThe not-so-secret way to get a list of mobile home park owners in your areaThe true “value-add” opportunities to look for in a mobile home parkAnd So Much More!Links from the Show:CraigslistFacebook MarketplaceAirbnbLoopNetCoStarSarah Weaver's WebsiteDavid's InstagramDavid Greene's Real Estate YouTube ChannelRob's TikTok ProfileRob's InstagramRob's Youtube ChannelBiggerPockets Podcast 563: W2 Retired and Traveling the World with Just 15 Units w/Sarah WeaverRobuilt YouTube Channel: Why I'm buying a $3,250,000 Airbnb in ArizonaBrandon Turner's InstagramMobile Home Park Investing Course by Amanda CruiseConnect with Amanda:Freebies from Amanda's Company WebsiteAmanda's InstagramCheck the full show notes here: https://biggerpockets.com/blog/real-estate-596See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    595: How to “Layer” Legal Protection So Lawsuits Won't Touch Your Wealth w/Brian T. Bradley, Esq.

    Play Episode Listen Later Apr 12, 2022 67:35

    Most investors assume LLCs for rental properties are the way to go in terms of asset protection. From a novice's point of view, LLCs seem to provide everything you would need?—anonymity, simple tax filing statuses, and legal protection. But, an LLC in reality isn't as airtight as most real estate investors think. And the worst time to learn about the limitations of an LLC is during a lawsuit, where your wealth (and sanity) is at risk.To stop you from guessing when it comes to asset protection, we've brought on our go-to expert and heavy hitter asset protection lawyer, Brian T. Bradley, Esq. Not only is Brian well versed in the realm of asset protection, but he's also helped numerous clients protect their real estate wealth, making him the perfect person to ask about LLCs, limited partnerships, trusts, and more.Brian walks through the different types of legal “layering” that real estate investors can set up to protect themselves from lawsuits and angry creditors. He defines exactly how each type of real estate investor should set up their assets as their net worth expands, and what to do BEFORE you get served with a lawsuit. While Brian may not know your personal situation, he does speak with years of experience serving high-net-worth investor clients and can relay their mistakes (so you don't make them too).In This Episode We Cover:What is asset protection and why is it crucial for real estate investors in particularThe “layers” of legal protection that real estate investors must haveWhat an LLC really protects you from and why it may be different than what you think“Piercing the veil” and why most investors need to go a step beyond LLCsLimited partnerships and trusts that give you the best asset protectionFinancing hiccups when keeping your rental properties in trustsAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelOn the Market PodcastBiggerpockets BlogsBiggerpockets Agent FinderReal Estate Rookie PodcastRookie Podcast 106: Asset Protection for Rookies: 7 Wealth-Saving Answers from an ExpertTony RobbinsAirbnbWhatsAppMySpaceTikTokCardano (ADA)Rob's TikTok ProfileRob's InstagramRob's Youtube ChannelDavid's InstagramDavid's Tiktok ProfileConnect with Brian:Brian's Company WebsiteEmail Brian: brian@btblegal.comCheck the full show notes here: https://biggerpockets.com/blog/real-estate-595See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    594: BiggerPockets Podcast 594: Seeing Greene: FHA Loans, Cash Flow Shrinkage, & Bidding $200k Over Asking

    Play Episode Listen Later Apr 10, 2022 54:59

    Inflation and cash flow have been fighting against each other for decades. As soon as you increase the rent on an income property, inflation comes right in to eat some of that gain. So in today's borderline hyperinflationary environment, is cash flow still coming out on top? A better question to ask may be, what happens in five, ten, or twenty years? Will inflation completely erode your financial freedom dreams? Or will cash flow match (or beat) this destructive force.This isn't just a question that impacts real estate investors—it affects almost every individual working within today's economy. In today's episode of Seeing Greene, David goes deep into this question (and others) so you, the investors, can have a better understanding of our economy as a whole. You'll also hear topics like whether or not you can transfer title on an FHA loan, what to do when bidding wars push prices well above market comparables, when to cosign and when to ask for a cosigner, and what every investor in their twenties should start doing today.Heard a topic that you wanted more explanation on? Want to ask David a question you've never heard before? 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:How spending power changes the way investors calculate cash flowTransferring title from your personal name into an LLC with an FHA loanHow to know a house is “worth it” and what to look for in a loan officerCosigning for a relative to house hack and staying up-to-code with owner-occupied loansPivoting markets from a cash flow market to an appreciation marketDavid's advice to every young, aspiring real estate investorAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreSubmit Your Questions to David GreeneBiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN PropertiesBiggerPockets Podcast 570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to ScaleBiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily SeaBiggerPockets Podcast 577: Cutting Your Tax Bill, Investing in Different Markets, & “Investor Pressure” | Coaching CallsBiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House HackingBiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising RisksBiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with RentalsBiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New InvestorsDavid Greene MeetupsDavid Greene TeamClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-594See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    593: The Ethical Wholesaler: Putting People Before Property Profits w/Jamil Damji

    Play Episode Listen Later Apr 7, 2022 72:09

    The words “ethical” and “wholesaling” are rarely used in the same sentence. For the most part, many real estate investors and agents look at wholesalers as deceptive, hard to read, and for the most part just looking to make a quick buck. While this may be true for many new wholesalers, it's far from the truth for Jamil Damji. If anything, Jamil wants to put an end to inexperienced, and often financially dangerous wholesaling.You could say Jamil was made to be a wholesaler. He had hustle, cold calling skills, and the will to succeed after being rejected from medical school simply due to his age. He set up a website-building business and got the hang of cold-calling quite quickly. After overhearing a discussion about a real estate deal between his partner and his partner's father, Jamil decided to take his sales skills and turn them into something a bit more profitable. He made a phone call to a local property owner, secured a deal for his partner, and walked away with a $47,000 assignment fee.Now, Jamil runs one of the most respected wholesaling companies in the United States. He's set up an “everyone wins” style of wholesaling where sellers, buyers, and intermediaries in between all get paid fair prices while incentivizing each party to do what's best for the other. This is a brand new concept in the field of wholesaling and one that Jamil wants to see flourish throughout the industry. If you want to learn how Jamil and his team do sixty to eighty deals a month, all while building a loyal customer base, this is the place to be.In This Episode We Cover:How wholesaling works and why so many new investors start with itThe best types of listings to call to find motivated sellers plus where to build your buyers listWhy illegalizing (or at least licensing) wholesaling would be favorable for the industryHow wholesalers can work with agents to build each other's businesses fasterThe biggest mistake wholesalers make when trying to assign contracts to buyersBuilding a “win-win” system so everyone in the transaction becomes a repeat customerAnd So Much More!Links from the Show:Coming Soon: BiggerPockets's On The Market PodcastTriple Digit Flip ShowRobert Abasolo's InstagramRobert Abasolo's TikTokDavid Greene's InstagramDavid Greene Real Estate Youtube ChannelKeyGleeFunny or DieUpright Citizens BrigadeThe Second CityCraigslistU-HaulThe Comedy StoreD.R Horton Company WebsiteSaturday Night LiveBrandon Turner's InstagramConnect with Jamil:Jamil's InstagramJamil's YouTube ChannelCheck the full show notes here: https://www.biggerpockets.com/blog/real-estate-593See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    592: BiggerNews April: How to Counter the Biggest Risk of 2022's Real Estate Cycle w/Doug Lodmell

    Play Episode Listen Later Apr 5, 2022 72:58

    The way the housing market moves largely depends on the real estate cycle we're currently in. We all saw this during the 2007 subprime mortgage crisis as overleveraged homeowners saw their properties foreclosed on and later sold to investors who had cash on hand. We're currently experiencing dramatic demand coupled with low inventory, so are we at the end of the housing market cycle, ready for a recession to knock down this house of cards?Whether we are or aren't close to a housing bubble bursting, smart real estate investors are protecting their wealth regardless of what is to come. This is where today's guest, Doug Lodmell, has gleaming insight. Doug and his team have worked for decades to protect the wealth of real estate investors. This is commonly known as asset protection but can be thought of as simple risk mitigation for the new real estate investor.Doug has been through expansion, crashes, corrections, recoveries, and everything in between and has seen what a poor asset protection strategy can do to an investor's portfolio. He drops some knowledge on today's show around how real estate investors in 2022 can protect themselves from going through a repeat of 2008. His simple, yet undeniably valuable advice could save you not only money but years worth of work you've put into real estate investing.In This Episode We Cover:Quick takes on today's biggest stories surrounding the housing marketThe tools asset protection lawyers use to protect and disguise their clients' wealthWhether or not new real estate investors need LLCs when buying properties The biggest mistakes real estate investors make that cost them their wealthLeveraging debt to build your portfolio vs. cash hoarding for post-crash opportunitiesBiggerPockets' newest podcast show featuring our own Dave Meyer!And So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelOn the Market PodcastWalmartBloomberg NewsDavid's InstagramDave's InstagramConnect with Doug:Doug's LinkedIn ProfileDoug's Company WebsiteCheck the full show notes here: https://www.biggerpockets.com/blog/real-estate-592See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors

    Play Episode Listen Later Apr 3, 2022 51:53

    Cash flow markets are a hotspot for new real estate investors. Why? They're inexpensive to get into, show great cash flow (on paper), and allow many investors to map their date of financial freedom. The downside? Cash flow markets are different in real life than they are on paper. What may look like a phenomenal rental property at first glance could turn into a tenant nightmare and cash flow hemorrhaging situation. So who should invest in these types of real estate markets?Questions just like this (and more) are coming up in this episode of Seeing Greene. As usual, David Greene, your expert on all things real estate, is here to answer quick questions from both rookie and veteran investors. In today's show, David touches on topics like BRRRRing vs. buying multiple properties, 2022 housing market predictions, how to raise capital for your deals, qualifying for financing without strong income, and why 2022 may be the perfect year to go into debt!Heard a question that resonated with you? Want to hear David's thoughts on a certain topic? 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 with the man himself.In This Episode We Cover:The best way to invest spare cash: BRRRRing or buying multiple properties?How David structures his deals and raises capital using debt and equityRefinancing out of a seller-financed situation, even if you don't qualify for conventional loansWhether to keep, sell, or refinance a property when you have significant equity sitting in itHow to house hack (again) when you've already used your one FHA loanDeveloping your crystal clear criteria so you can grow your portfolio faster And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets Rent EstimatorBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreSubmit Your Questions to David GreeneBiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate QuestionsBiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN PropertiesBiggerPockets Podcast 570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to ScaleBiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily DeaBiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House HackingBiggerPockets Podcast 584: The 5 Steps That Will Bring You More Deals, Friends, and Mentors w/Jonathan GreeneBiggerPockets Podcast 586: The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals w/Andrew CushmanBiggerPockets Podcast 587: Full-Time Flipping (Out-of-State!) at 24 by Doing What Most Don't Know w/Dominique GundersonBiggerPockets Podcast 589: 10 Actionable Steps Anyone Can Follow to Buy a Rental PropertyDavid Greene MeetupsDavid Greene TeamClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-591See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    590: From Struggling Renter to Cash Flowing Landlord Using $0 Down Loans w/Andre Haynes

    Play Episode Listen Later Mar 31, 2022 64:34

    No money down real estate investing usually sounds too good to be true. It seems almost impractical that someone without much experience, money, or property can secure cash-flowing rentals without putting a dollar into the deal. Even more astounding, today's guest Andre Haynes was paid a few thousand dollars to buy his first rental property. He shares his exact steps on how he did it on today's show!While investing in real estate with no money down can seem like an advanced concept, Andre wasn't some cash-flowing wizard from the start. If anything, Andre's upbringing may have brought some hurdles to the financial side of his life. He had no credit, no cash, was faced with eviction notices, and generally was falling behind financially as a parent. He had to take a hard look at his life, redefine his goals, and reevaluate his choices. From there, it was a hard, yet incredibly valuable, climb upwards.Now, only a short time later, Andre has built a real estate portfolio worth over a million dollars. He has numerous cash-flowing assets that pay for his liabilities and has started to educate others about how they can do the same. He defines this easily repeatable process on today's show but doesn't gloss over the fact that the only thing stopping you from obtaining the wealth you desire, is yourself.In This Episode We Cover:How to invest when you come from an upbringing that lacks financial literacy Giving up on your “dream” so you can pursue something much greaterAndre's 5-steps to get your life together and how you can start using them todayPracticing delayed gratification and how simple sacrifices pay off big in the long runThe zero down loan program that Andre used to build his real estate portfolioThe importance of becoming a real estate investor before you buy your first propertyAnd So Much More!Links from the Show:BiggerPockets ForumsBiggerPockets PodcastBiggerPockets Agent FinderBPCON 2022NACA (Neighborhood Assistance Corporation of America)MLS (Multiple Listing Service)Realtor.comZillowRich Dad Poor Dad seminarAirbnbVrboTuroPeerspaceThe Landlord Life YouTube seriesLandlord Life Season 3 Episode 2 with Henry WashingtonMindset Matter Merch (No books here)Henry Washington's InstagramBrian Donnelly's KAWSConnect with Andre:Andre's InstagramAndre's Business WebsiteThe Landlord Life YouTube seriesCheck the full show notes here: https://www.biggerpockets.com/blog/real-estate-590See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    589: 10 Actionable Steps Anyone Can Follow to Buy a Rental Property

    Play Episode Listen Later Mar 29, 2022 46:32

    Want to know how to buy a rental property? If rising home prices, rent prices, and fierce market competition have you struggling to get something under contract, your real estate saviors, David Greene and Rob Abasolo are here to help. In 2022's hot housing market, it can seem almost impossible for new real estate investors to get their foot in the door. But, if you follow what the experts are doing, you may be able to lock up your next investment while other buyers are stuck in bidding wars.Whether you're wondering how to buy your first rental property or your next rental property, David and Rob have answers for you. They've partnered up to buy luxury short-term rental properties in sunny Arizona, all while recording the exact steps they're taking to land a deal. If you're already investing in real estate, some of these steps may seem familiar to you, but the gems that David and Rob drop are rarely discussed (and incredibly helpful).So, if you're ready to start your real estate investing journey, build wealth, rake in cash flow, and build passive income, you're in the right place. David and Rob define their ten steps to investing success so you can spend less time analyzing deals and more time collecting rent checks.In This Episode We Cover:How to define your investment criteria so you can find deals that fit your needsWorking with a partner and keeping the line of communication openBlocking off time so you (and your partners) can focus on crossing the finish lineWhat to look for in a real estate agent and how to communicate to them what you wantWriting your offer with multiple strategies in mind so you can beat the competitionHow to not become “emotionally attached” to deals that look too good to be true And So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelQuickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent FinderDave Ramsey's WebsiteZoomBiggerPockets PodcastAirDNAVoice NotesBump AppZillowDavidGreene TeamConnect with Rob and David:Rob's InstagramDavid's BiggerPockets ProfileDavid's InstagramCheck the full show notes here: https://www.biggerpockets.com/blog/real-estate-589See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.