BiggerPockets Real Estate Podcast

“Should I buy a house now or wait until prices fall further?” If you're a first-time homebuyer or regular real estate investor, you've no doubt asked yourself this question. Home prices are falling in many major markets, and affordability could be improving for Americans. There's a strong chance home prices could fall even further throughout this year, so should you wait for the bottom or take your chances and put something under contract now? Dave is sharing his exact investing plan today. With new home price predictions from top housing market data leaders like Zillow forecasting a drop in home prices, many buyers are remaining hesitant. But, as a real estate investor, you're not buying your dream house—you're looking for deals. Dave shares a simple strategy he uses to gauge when to buy, even when the housing market is going in different directions. If you follow this method, you'll not only (most likely) be better off than the average investor, but you'll be buying with far less stress and far greater strategy. Plus, what are the scenarios for the next year or two? Is there a chance that home prices could reverse and return to appreciation territory by this time next year? Dave is sharing his take so you can make better investment decisions. In This Episode We Cover Dave's exact real estate investing plan for buying in 2025 and 2026  New home price predictions and why top experts have flipped their forecasts  One simple, repeatable strategy to invest in rising and falling real estate markets  The “upsides” you MUST look for when investing in real estate in 2025  Is 2025 the bottom? Why it may not even matter for savvy real estate investors And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1131 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Your idea of a “dream home” or “dream investment property” is stopping you from building wealth and taking steps toward financial freedom. Don't believe us? Today's guest proves it.  Mitra Kalita lives in her dream home today, but it's only because she bought a house FAR from what was her dream back in 2002. With her family moving often, she was accustomed to packing up and making somewhere new her home throughout her childhood. So, when it was time to buy her first property, then later move, settle in, move again, and repeat, it was nothing new. This has now led to her dream home, but it only started because she made a move on that first property.  Mitra went through the 2008 housing crash as a journalist, seeing what actual loss looked like for everyday Americans. However, even with memories of the last crash, she still owns real estate and hopes the new generation of first-time homebuyers can do the same. Today, we're talking with Mitra about the impact 2008 had on the housing market and society at large, why your “dream home” often comes after your first home, and why working while investing is a superpower that most Americans are missing.  In This Episode We Cover Why you should ditch the “dream” home/property idea and buy now instead  How the 2008 housing crash changed America forever and still affects today's buyers  Is buying a house still worth it, and if so, will most millennials ever get their chance to buy? Why combining real estate investing and a strong career can be a wealth-building superpower  And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1130 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

It doesn't take long to replace your income through rental property investing. Just ask Miller McSwain, who quit his job two and a half years after buying his first rental property! But it wasn't a standard rental with just one tenant and one income stream that got him there. Instead, a new “mega cash flow” strategy got him to his goal in record time. It's not short-term rentals, mid-term rentals, or house flipping, but something that might work even better. Miller was a nuclear rocket scientist by day (yes, seriously) and a house hacker by night. He bought a property just after graduation, using his job offer as proof of income to the bank. He and his fiancée (now wife) lived in the basement while renting out the rooms on the top floors. He was saving tons on rent and living for almost free. So, why couldn't he do this on a bigger scale? He could, and he did. This “co-living” strategy became Miller's new obsession. Now, he's got six rental properties with over 40 tenants, making thousands of dollars a month from each property in pure cash flow. He's sharing exactly how to do it and does so in-depth in his new book, Co-Living Cash Flow, so you can quit your job, or at least replace some, or all, of your income with the fewest properties possible.  In This Episode We Cover Miller's “mega cash flow” strategy that produces way more passive income than regular rentals Exactly what to look for in the perfect “co-living” property for happy tenants (and neighbors) The “community” events Miller throws at his properties that lead to lower vacancy  Discounting security deposits? The method behind Miller's genius tenant screening tactic  How to remotely manage co-living rentals yourself (no need to pay a manager!) And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1129 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

You can buy five rentals in just five years, even with less than 5% down. Today, we're teaching you three savvy strategies to quickly scale your real estate portfolio so you can start building wealth without waiting years and years to buy your first (or next) investment property. And no, we're not just talking about house hacking—Dave is walking through three separate strategies you can use to buy five rentals in just five years. All three methods are effective in today's market and can be repeated even by a beginner. These strategies are broken down by financial starting point: 1) starting with little money, 2) having a solid amount saved, and 3) having a lot saved for investment. So, whether you're a graduate fresh out of college who's ready to invest in rentals or a doctor/lawyer/executive with hundreds of thousands sitting around, we have a strategy for you. The best part? As your portfolio grows, you can combine these strategies to reach your financial freedom goals faster and pick the path that works best for you as your wealth grows. Ready to get started? Follow this plan, and by 2030, you'll have five rental properties! In This Episode We Cover How to buy five rental properties in just five years (even with 3.5% down!) The beginner-friendly strategy that successful real estate investors recommend  How to recycle your money with the BRRRR method and supercharge your scaling Got a high income? Why buying turnkey, easy-to-manage rentals could be your best bet  Full math examples of the methods, how much money it takes, and how much you'll make  And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1128 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Rentals can give you much more than just bigger pockets. They can buy you time, flexibility, and the freedom to design an adventurous and fulfilling life. Just ask today's guest, who built a simple real estate portfolio that runs itself—creating space for midday hikes, living abroad, and passion projects. In this episode, he'll show YOU how to slow down and do the same!   Today, Chad Carson, investor and author of The Small and Mighty Real Estate Investor returns to the show to share how real estate investing gave him much more than money. Chad has been investing for decades, but now, he's making a major shift. Rather than accumulating more rental properties, he's paying off the ones he already owns. Instead of putting in 80-hour workweeks, he's traveling, taking mini-retirements, and prioritizing his life goals. And the best part? Some weeks, he spends as little as two hours on his portfolio!   Want to copy Chad's success? In this episode, he'll show you how to trade the rat race—whether that means long hours at your nine-to-five or the relentless grind of scaling your investments—for time freedom, a flexible portfolio, and a real estate business that works for you. In This Episode We Cover How Chad optimized his real estate portfolio for a two-hour workweek Why real estate's real return isn't money—but time, freedom, and flexibility How to use real estate investing to build a fulfilling life (not just a big portfolio!) Swapping traditional retirement for mini-retirements that help you savor life while you're young The power of paying down mortgages versus buying more rental properties How to ditch the rat race for a real estate business that works for YOU And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1127 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

There are still real estate deals even in 2025. To prove it, we're taking three real (on-market!) deals and analyzing them three ways: as a long, medium, and short-term rental to see which will have the highest cash flow. All of these properties are around or under the median home price in the US and have at least one strategy that makes them profitable, even in 2025 with today's high interest rates. To help run the deal analysis, Ashley Kehr from the Real Estate Rookie podcast and Garrett Brown from BiggerStays join us to crunch the numbers. You're probably thinking, “Short-term rentals always make more than long-term rentals!” but that isn't exactly the case. With the added expense of short-term rental management, some deals may work MUCH better as a long or medium-term rental. We've even got some bonus strategies to share to boost your rental property profits, like renting-by-the-room to get even more revenue and subdividing your lot so you can sell it and pay off your rental faster (more cash flow!). These deals still work in 2025, and today, we're sharing exactly where we found them.  In This Episode We Cover How to analyze a rental property as a short, medium, and long-term rental  The one overlooked cost you should ALWAYS account for on a short-term rental  A sneaky tactic to get extra cash if you're on a BIG lot  Using the “coliving” (rent-by-the-room) strategy to get even more rent every month  Why short-term rental regulations are a good thing for investors  And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1126 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone wants to know how to become a millionaire in real estate. And surprisingly, getting there isn't all that hard. You can create a seven-figure net worth by investing for just 8-12 years, and if you're willing to put in a little more work, you can get there faster. Dave has done it, and a million of our BiggerPockets members have done it, too. So today, we're sharing the real estate millionaire math so you can repeat it and reach your financial independence number faster. We're not just showing you how to get to a million dollars in equity. We're also discussing what you need to know to replace your salary with rental properties. This way, you'll have cash flow to live off of and appreciation to build your wealth. Using the four “building blocks” of real estate, you can skyrocket your wealth in a (relatively) short amount of time. Maybe you want to be a millionaire in less than a decade and build a real estate portfolio faster. Great! We're sharing two extra levers you can pull to make more money from your properties IF you're willing to put in the work. What are you waiting for? Let's make your first million! In This Episode We Cover How to become a millionaire with real estate in just 8-12 years (we did the math) Replacing your salary with rentals and how to “compound” your cash flow The four ways that real estate makes you rich (it's not just rent checks) Two other wealth “levers” you can pull to get to millionaire status faster  Should you buy a rental property in cash? Here's what happens to your returns And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1125 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

49 of the nation's 50 largest metro area housing markets are showing “weaker” home price growth in 2025. For some, this signals a long-predicted crash/correction on the horizon. But for others (like Dave), it's something very different, and could be a huge help for the aspiring real estate investor.  For years, we've been struggling with a dangerous combination of high rates, high home prices, and low affordability. If top markets are starting to weaken and prices are softening, could this actually be a good sign for investors and buyers waiting on the sidelines? If mortgage rates come down and wages continue to grow, are we inching closer to equilibrium and the more affordable housing market we've all been waiting for? In this bonus episode, Dave is explaining why housing market “weakness” is a sign of long-term strength and a huge opportunity for investors willing to make moves. Don't believe him? Dave shares a personal bet he's making on the housing market—with a lot of money on the line—that could turn out to be a genius move in the years ahead. What's his plan? Stick around, we're getting into it! In This Episode We Cover Why 98% of major housing markets are seeing “weaker” home price growth in 2025 Why price softness does NOT signal a crash or correction Good news for first-time homebuyers: purchasing could become more affordable The three factors of an affordable housing market (and are we shifting to better affordability?) Dave's recent rental property move to capitalize on this window of opportunity  And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1124⁠-5 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

When is the right time to invest in real estate? We've all asked ourselves this, and if you've been thinking about buying rentals, you probably have, too. Whether you're 20 or 50, have a little money or a lot, that first real estate deal can seem so...scary. You've never done this before, and things can (and will) go wrong, so how do you know you're ready? Have you read enough books, saved enough for emergencies, or looked at enough houses? We've got three investors who all started in different positions to help get you an answer.  Dave started investing right after college when he was waiting tables and had barely any money in the bank. Henry began to invest well into his working career, but with a family to take care of in the near future, he had to invest differently. On the other hand, Jonathan Greene was born into real estate, with an investor father who taught him the ropes from childhood. Each expert started from a different place, but they all agree on when it makes sense to invest. How much money do you need to make? How much free time should you set aside? What should your bank account look like? Do you need to know how to renovate and repair? Each investor will share where they think you should be to successfully invest in real estate. Good news—you might already be there!  In This Episode We Cover The right age to invest in real estate (and can you ever be too young/old?) How much money you should have in case your first deal goes wrong  Growing your confidence to buy and how many houses you should view before bidding  The time it takes to invest in real estate on the side (do you have the schedule for it?) Financial signs that you're NOT ready to buy a rental (and how to fix your finances) Is it too late to invest with high home prices and interest rates?  And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1124 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to retire early? You don't need millions of dollars in stocks, retirement accounts, or cash to do it. You might just need a handful of rental properties. Today's guest, Paul Novak, only started investing four years ago in 2021, but he's already nearly at his early retirement goal through rental property investing. He may only need one or two more rentals to fully retire in his mid-40s. Want to trim twenty years off of your working career? Follow Paul's plan! After realizing that stock investing could only get him to retirement so fast, Paul knew he needed a better path to early retirement. He thought real estate could be the answer. The problem? This was 2021, where every house was going over asking and competition was steep. He finally got a deal done after previous ones fell through and found he was already making 10 times more money than his stocks were giving him. It became a no-brainer to repeat the strategy. Fast forward to 2025, Paul has five rentals, with seven units in total, and he's nearly at his cash flow goal to retire from his job. He did it all through some very creative rental financing. One more rental could unlock the holy grail: early retirement, time freedom, and plenty of passive income. And this is just four years into his investing journey!  In This Episode We Cover How to retire early in just ten years with boring, repeatable rental deals  401(k) loans, HELOCs (home equity lines of credit), and other ways to fund your rentals Why interest rates don't matter as much as you think they do  How to run your numbers on rentals so you're ALWAYS making money  Why you don't need a dozen or more rentals to reach financial freedom  And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1123 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market is going through another significant shift. Sellers have lost even more control as price cuts become common in some top markets. Rents are flat, but will they stay this way? The Trump administration presents a groundbreaking proposal that could greatly affect many real estate investors. This is May 2025's housing market update, where we're filling you in on all the biggest stories affecting real estate!  The market “softening” continues. Inventory is rising, and sellers are realizing this isn't 2022 anymore. Price cuts have become common in Texas, Florida, and California. But other markets are still seeing price jumps, so have the southern states become the new buyer's markets? Investing opportunities could be here for the right buyers, and Dave has already made a move, locking up his latest investment to capitalize on what's to come. But what about mortgage rates? Do we have any hope that we'll get below 6% this year? Dave shares his updated mortgage rate “range” for 2025. Have Section 8 renters? You'll want to hear the end of today's episode as a new proposal from the Trump administration could slash Section 8 funding, putting tenants and landlords in a tricky position. All that, and more, in today's episode!  In This Episode We Cover The housing market “shift” pushing us into a bigger buyer's market  The end of Section 8? A new proposal from D.C. could cause major cuts Markets with the most price cuts and areas where prices are rising instead  Mortgage rate forecast and the range we could hover around for the rest of the year  Investing opportunities with “juicier” returns as sellers lose control  Rent price updates and which properties will get hit hardest as vacancy rises  And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1122 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

This is how to find investment properties that make real money in 2025. No “off-market” deals, no mailing letters, no cold calling—we'll walk you through how to find profitable, on-market rental properties that anyone can spot in any market across the country. Plus, how to separate “upside” potential from money pits that aren't worth the price. Dave has been buying rentals for 15 years, and he's showing you his exact method. If you're used to browsing listing sites like Zillow, Realtor, or Redfin, prepare to get your mind blown. We just released a brand new tool, BiggerDeals (100% free, by the way), that allows you to quickly search on-market properties and instantly get their cash flow, cash-on-cash return, cap rate, and rent-to-value ratios. This trims down your search time for properties by a massive margin. Now that you've used BiggerDeals to find your next potential rental, Dave will show you how to run the numbers in-depth to ensure you're buying a deal, not a dud. If the numbers work, and it fits your buy box, it's time to make an offer! The deal-finding and analysis can all be done in minutes, which means you're WAY closer to your first (or next) rental property than you thought!  In This Episode We Cover How to find profitable rental properties in any market in just minutes with BiggerDeals Why you DON'T need to find “off-market deals” to invest in real estate The “funnel” approach to finding rentals and how to trim down your search time by 90%+ Using the rental property calculator to easily run your numbers  How to estimate variable expenses on your next investment property The one thing you should always do before you offer on a property  And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1121 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

This investor quit her job for good, with just four rental properties. Not 40, not 400—four rentals. And she's not looking to grow much beyond that. You've heard other investors talk about owning dozens, even hundreds of rental units, but you DON'T need to get to that scale to reach financial freedom. Antoinette Munroe is proof of that. After countless “I hate my job” Google searches, Antoinette found the FIRE movement (financial independence, retire early). This prompted her to start saving and investing at a far greater speed than before, hopefully giving her enough runway to quit. She had saved enough to buy her first house—but realized it could actually make her money. The accidental real estate investor was born! Fast forward around a decade later, Antoinette owns four rental properties with very high cash flow. She's done flips, learned to renovate and rehab homes, added additions to increase value, split properties in two, and done whatever it takes to make more from one house. But does Antoinette want more rental units? Not really. She's happy with her small and mighty real estate portfolio—unless an investment in one of her vacation destinations comes up for sale! In This Episode We Cover: Why you DON'T need a large rental property portfolio to quit your job The unique, high-cash flow rental properties Antoinette focuses on today Doubling your cash flow by “splitting” rentals with the right amount of space How to fight city code enforcement fines and reduce them by 90% Using a HELOC to buy rental properties (and get ALL your money back via BRRRR!) And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Real Estate Guest BiggerPockets Forums BiggerPockets Real Estate 710 - How to TRIPLE Your Rental Property Income with Group Home Investing w/Antoinette Munroe Baselane: Automate your real estate finances with banking and AI-powered bookkeeping. Claim your $100 bonus! Grab the Book, “The Small and Mighty Real Estate Investor” Sign Up for the BiggerPockets Real Estate Newsletter Find Investor-Friendly Lenders BiggerPockets Real Estate 710 - How to TRIPLE Your Rental Property Income with Group Home Investing w/Antoinette Munroe Connect with Antoinette Connect with Dave   Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1120 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

A recession isn't a time to panic—it's a time to build wealth. If you're listening to this podcast, you're already multiple steps ahead of the masses that shift their mindset with every news story shouting from the rooftops that a crash, correction, or recession is coming. Savvy investors are sitting, waiting, knowing that if a recession does come, deals usually do, too. Want to build wealth during a recession instead of losing your head? J Scott, author of Recession-Proof Real Estate Investing, is here to show you how. J says there are three things every investor should be doing before a recession to be in the best position possible. If you follow these three, relatively simple, steps, you'll be ready to buy deals at a steep discount while average Americans miss out on yet another opportunity to invest. This happened in 2008, and many modern investors regret not having the means to buy back then. Plus, J outlines the real estate deals that work best in a recession, whether you're a buy-and-hold landlord or a flipper/renovator. Some homes have serious risks attached to them during downturns, while others offer wealth-preserving (and building) opportunities. Here's how to invest in real estate if a 2025 recession hits. In This Episode We Cover The three things every investor must do to prepare for a recession  Time to sell? Why offloading a poorly performing rental now could be a smart move What to do right now if you have rental properties (and want to keep your cash flow going!) The business “cycle” and why we may be at the “peak” before the fall  Building your recession-proof strategy so you DON'T deviate from it when times get tough  And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1119 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠. Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

The buyer's market is back, and opportunities are growing. Inventory is rising, demand is shrinking, and sellers are more motivated to give you a price cut, concession, or repair. This is the time investors have been waiting for, and much of the housing market is already on discount. But which areas are the deepest buyer's markets, and how are we investing today to capitalize? BiggerPockets CEO Scott Trench and Michael Zuber from One Rental at a Time join the show to share about deals they recently bought to take advantage of 2025's housing market conditions. Plus, we give away free data on the markets with the most buyer control. Buyer's market conditions don't show up often—and they won't last long. Finally, we're unveiling a brand new, free tool from BiggerPockets that makes it easier than ever to find cash-flowing real estate deals in your area—BiggerDeals! No more scrolling through hundreds of listings. You can see estimated cash flow, cap rate, cash-on-cash return numbers, and more with BiggerDeals! In This Episode We Cover: The free, easy way to find cash-flowing rental properties in your area  How to take advantage of the growing “buyer's market” and which areas buyers have the most control Two real deals Scott and Michael are investing in right now How to get massive discounts (and interest rate buydowns) on new construction homes The four factors that make up a buyer's market and free data to see if your market is one  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Real Estate Guest BiggerDeals  Data from Today's Episode  BiggerPockets Real Estate 1095 - Scott Trench: How I'm Protecting My Money From “Irrational Exuberance” One Rental at a Time YouTube Channel One Rental at a Time Book Earn 10-12% Without Landlord Headaches with Ignite Funding Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust Try BiggerDeals Today and Find Your Next Rental Grab “The Book on Rental Property Investing” Sign Up for the BiggerPockets Real Estate Newsletter Find an Investor-Friendly Agent in Your Area Connect with Michael Connect with Scott Check out more resources from this show on ⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1118 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

This investor turned $6,000 into financial freedom in just six years. He did it in a major market and became a millionaire by age 28 simply by repeating this beginner-friendly rental property strategy over and over again. And, even though he started earlier, you can STILL buy properties like his, at affordable prices, that cash flow, in the same market today. Where is he investing, and how did he scale up so fast? We're breaking it all down in today's episode. Jeremy Taggart saved every dollar from his college internship, knowing he wanted to invest in real estate after graduation. He bought his first house, a small multifamily, for just $6,000 down, lived in it, did some DIY renovations, and increased the value. Thanks to the rent savings, he bought another property the following year—this time, making $50,000 (tax-free!) by fixing it up. This was just the start of the “rinse and repeat” strategy that would turn Jeremy into a millionaire before he was thirty. But it wasn't easy. Jeremy was fired from his job, had to start working for himself, and did what many real estate investors won't. The result? Complete financial independence less than a decade after graduating college. His strategy still works in 2025, but will you use it? In This Episode We Cover: The easiest way to buy your first property with low money down (only $6,000!) Making $50,000 tax-free using the “BRRRR strategy” (buy, rehab, rent, refinance, repeat) The affordable, cash-flowing, stable real estate market Jeremy invests in (you can, too!) Is becoming a real estate agent worth it as a real estate investor? Why Jeremy switched from “cash flow” to “equity” investing for long-term wealth And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Real Estate Guest Rich Dad Poor Dad Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations Grab the Personal Finance Classic, “Rich Dad Poor Dad” Sign Up for the BiggerPockets Real Estate Newsletter Find an Investor-Friendly Agent in Your Area The BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat) Connect with Jeremy Connect with Dave Check out more resources from this show on ⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠ and ⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1117 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Here's the mortgage rate “range” Dave expects to see through the end of 2025. With so much rate volatility as of late, it's getting harder and harder to predict when interest rates will rise, fall, stabilize, or go in a completely different direction. Behind all the fluctuations, we can see why this is happening: recession fears, inflation fears, and declining sentiment toward the American economy. There are a few ways future mortgage rates could go, and today, Dave shares his prediction for the 2025 mortgage rate “range.” You want lower mortgage rates, we want lower mortgage rates—everyone wants lower mortgage rates—how do we get there? Dave will spell out the scenario that has to happen for rates to fall, and if you start seeing these warning signs, you might want to prepare. Plus, if the opposite happens, what could cause rates to rise even higher? Finally, Dave shares his plan for investing with fluctuating rates and his strategy for building wealth in a volatile market.  In This Episode We Cover The mortgage rate “range” to expect in 2025 (and what's affecting rates now) Everyone is wrong about the Fed—here's who actually controls mortgage rates The recession vs. inflation standoff and why the winner will greatly affect your rate The “Sell America” trade that's putting the American economy under severe pressure How Dave is investing in 2025 and his plan for which properties to buy even with high rates And So Much More! Check out more resources from this show on ⁠⁠⁠BiggerPockets.com⁠⁠⁠ and ⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1116 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Where would we invest in real estate if we could pick anywhere in the country? Even with many real estate markets stagnating, several markets are still primed for serious growth. Today, Ashley Kehr and Henry Washington join Dave to share the best markets to buy rental properties right now. These markets span coast-to-coast, and we curated a list of nine top markets with the highest potential across the nation. Want an affordable rental property with high rent prices? We've got plenty of places on the list. Looking for appreciating cities with super low vacancy so you're never without renters? There are cities in this episode for you! We've even got markets that are great for fix and flips if you're looking for some quick(er) cash! We broke the country into three zones: East, Central, and West. Each investor chose a market in each region that they would invest in TODAY, explaining why the market works, which strategy performs best there, the average home price, rent price, and economic data that makes it better than other cities in the region. Don't know where to invest in 2025? After this episode, you'll have nine great options!  In This Episode We Cover The manufacturing “sleeper” market with high employment and low home prices A “steady” Midwest city with a BIG new investment that could drive up demand  A super affordable Northeast city that is great for house flips (but maybe not for rentals) Looking for appreciation? This area has below-average home prices, but they could rise quickly  The best market for new builds just outside of a major metropolitan area HIGH rental demand here and why Dave regrets not investing in this market  And So Much More! Check out more resources from this show on ⁠⁠BiggerPockets.com⁠⁠ and ⁠⁠https://www.biggerpockets.com/blog/real-estate-1115 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠advertise@biggerpockets.com⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

We always say it, but buying just ONE rental property can change everything! For Jesse Walters, a coffee roaster by trade but a cash-flowing investor now, buying his first rental property opened up an entirely new world of not only passive income—but freedom. After his wife became a real estate agent, Jesse noticed the sizable commission checks and thought hundreds of dollars a month in passive cash flow beat wholesaling three-dollar bags of coffee. Was he right? Jesse didn't do any expert-level real estate investing moves to get his first deal done. It was 2021—he found a listing for an affordable house, put 20% down on it, and rented it out. That strategy seemed to work, so Jesse did it again, finding another on-market, affordable rental property to purchase. Then, he took it up a notch, purchasing a fourplex (four units) by putting—get this—$0 down! He used a strategy ANYONE with access to a local bank can try, and this property lit the rocket fuel for his portfolio. Now, he has 11 rental units, runs multiple house flips a year that pay him five-figure checks, and is building a new triplex that will hit the 1% rule from the start. Jesse shares the exact playbook for building a small but profitable rental property portfolio, even with high interest rates, even in a small town, and even if you have no experience.  In This Episode We Cover How Jesse used his two small rental properties to put $0 down on a fourplex! “Building” the 1% rule and why brand new rentals may make more sense than existing ones  Why you CAN cash flow with affordable real estate in small towns  The investor cheat code that Jesse has (thanks to his wife) and why you NEED an investor-friendly agent to get the best deals How Jesse made $21,000 on a quick, cosmetic, low-cost flip (as a complete newbie)  And So Much More! Check out more resources from this show on ⁠BiggerPockets.com⁠ and ⁠https://www.biggerpockets.com/blog/real-estate-1114 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠advertise@biggerpockets.com⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market could do something it's never done before—permanently reverse. For as long as home prices have been recorded, they've always increased over time. But, with one of the largest generations, the Baby Boomers, aging out, and household formation shrinking as birth rates decline, we could face a new problem—insufficient demand. This is a huge problem for Millennials and the Gen Z generation since buying a house, the primary asset that makes up the majority of many Americans' net worth, may not be the same wise financial decision as it was before. James Rodriguez joins us on the show to break down his recent article, The millennial homebuying predicament, and why buying a home may get easier for the younger generations, but it could come with less long-term payoff.  For years, economists speculated that a “silver tsunami” would flood the housing market with inventory. What actually ensued, however, was more of a “silver glacier,” since we're still millions of housing units short. But once these boomer-owned homes hit the market, will prices grow, stall, or decline? What happens to home prices if the population stagnates or reverses? Does buying a home become a riskier decision? James is on to help us answer these questions and share which homes could be the safest bet for long-term demand.  In This Episode We Cover The demographic dropoff that could transform the housing market forever  Properties with the most (and least) demand as household sizes shrink  With population concerns, does buying a house become a much riskier decision? The “silver glacier” that's slowly melting and bringing inventory to the market  Could immigration solve America's population replacement problem? And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1113 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

More price cuts could be coming this year. Zillow just made headlines by revising its 2025 housing market forecast, now predicting home values to drop in much of the United States. But do other top housing market forecasters agree, and if home prices fall this year, does it put you in a better position as an investor to lock down discounted deals? Dave is unpacking Zillow's new prediction, plus sharing his own take on what might happen next. This is not the first time Zillow has revised its 2025 housing market forecast. They've updated their predictions several times throughout the year, with the newest release being the most negative for home prices. Some markets in the US are even predicted to see drops of up to 10%—other markets could have price growth, while the rest of the nation struggles. What's causing the downward trend in home prices? Is it tariffs, inflation fears, signs of a recession, or just too much housing supply and insufficient demand? We're breaking it down in this episode. If you plan on buying or selling this year, don't miss this.  In This Episode We Cover: Zillow's new 2025 housing market forecast and why price declines seem likely  The best and worst housing markets for home price growth (some could fall by 10%) What Fannie Mae, Wells Fargo, and JP Morgan are predicting for 2025 home prices Is this the start of a housing market crash, or just a break for buyers? What Dave is doing now to pick up more properties as home prices weaken  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Real Estate Guest Get $100 Off BPCon 2025 Zillow Home Value and Home Sales Forecast (April 2025) Connect with Dave Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-bonus-4 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

These rental property deals are making us richer in 2025, even with high housing prices and interest rates. Everyone thinks it's impossible to find cash-flowing rental properties in today's housing market, but this is NOT the truth. We're going to show you three real rental property deals we're buying in 2025. All of these are being purchased in 2025—these are NOT cheap deals from 2020 with 3% - 4% interest rates. Each one will build major equity, cash flow, or both. Dave brought backup on this episode—the entire expert panel from the On the Market podcast—to share real deals they're doing right now. We've got three to go through—a $55,000 heavy rehab rental property that will also serve as Henry's own vacation home, a new build rental property at a super reasonable $214,000 price, and finally, a very creative (but somewhat costly) land-banking deal in Seattle, Washington. Each of these deals ranges in expertise needed. Some of the heavier rehab projects may require a few years of renovation experience, while Kathy's new build deal is a profitable rental ANYONE can buy right now. Regardless of your experience, you can copy these strategies and get richer with these rentals!  In This Episode We Cover Three profitable real estate deals you can do RIGHT NOW in 2025 How to buy a brand new rental property, with a low interest rate, for just around $200,000 How Henry is turning a $55,000 disaster house into a $265,000 top-tier rental  James's super creative way to make $300,000 on land in high-demand areas  The best investment if you've got a busy job, a family to take care of, or just a hectic schedule  And So Much More! Links Mentioned in the Show Get $100 Off Tickets to BPCon 2025! On the Market Podcast Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1112 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Andrew Freed turned one condo into a rental property portfolio that makes him $10,000 per month! Just four years ago, Andrew had little to his name—around $50,000 and a $200,000 condo. That's what a decade of working had gotten him, but to Andrew, it was a sign he wasn't doing enough. Like most real estate investors, Andrew stumbled upon Rich Dad Poor Dad and made an immediate change that would propel him to financial freedom. Four years later, he's there—quitting his job and going full-time into real estate. How did he do it? Simple. “Recycling” his money is what allowed Andrew to scale so quickly. A HELOC (home equity line of credit) on his condo gave him the money for his first small multifamily—a house hack that would help him live for free. With each new property, he'd get a new HELOC and use it to grow his portfolio even faster.  Now, Andrew has a sizable real estate portfolio, personally paying him six figures a year, while he focuses on the next property. If you want to quit your job and give real estate your all, you can do what Andrew did, recycling your money to build your wealth—and you can start with just a condo! In This Episode We Cover: How to use HELOCs (home equity lines of credit) to quickly fund your first real estate deal Using the BRRRR method (buy, rehab, rent, refinance, repeat) to buy rentals for essentially $0  The “sweet spot” multifamily properties that are easier to manage and boast big cash flow  How to take down huge real estate deals when you don't have the money  Why buying portfolios of properties (not single properties) is the cheat code for faster financial freedom  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Real Estate Guest Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations Get $100 Off BPCon 2025 Start with Strategy Rich Dad Poor Dad Real Estate Rookie 267 - 24 Units in 2 Years by Making Your Rentals Match the Market w/Andrew Freed BiggerPockets Real Estate 1085 - Making $200K/Year With the Least Amount of Rentals Possible w/Dion McNeeley Connect with Dave Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1111 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Home prices could weaken, bringing big bargains to patient buyers who've been sitting on the sidelines. The housing market is seeing some turbulence, even if it remains more stable than other parts of the economy. Inventory is rising, and sellers are in a tough position, with many buyers still waiting out the market. Stock sell-offs and tariffs are keeping fear high, and the housing market could freeze because of it. Where is the housing market headed? We're catching you up on all the data and big headlines in this April 2025 housing market update. First up: inventory. A few years ago, there was none—now, we may have too much. More homes are hitting the market, which could spell trouble for sellers. With inflation fears and stock market uncertainty dragging down demand, prices may soften. Don't worry, this isn't another 2008, even though a certain “delinquency chart” would have you thinking so. We're also hitting on the condo market and why more than half of condo sellers should prepare to accept an under-asking price…and this could be just the start. In This Episode We Cover: April 2025 housing market update: home prices, inventory, mortgage rates, and more Why inventory is rising so quickly now and what it means for buyers (good news?) Home price predictions and whether or not we'll see prices fall even more in inventory-heavy markets  The condo market's notable sign of weakness and why price drops are becoming more common With more economic pain, will foreclosures increase? Here's why mortgage delinquencies aren't exploding  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Real Estate Guest Get Early Bird Tickets to BPCon2025 ($100 Off!) On the Market 309 - Americans Are Late on Their Mortgages: Why I'm NOT Worried About THAT Chart BiggerPockets Real Estate 1103 - April 2025 “Upside” Update: Making a BIG Change to My Portfolio (Cashing Out) Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust Start Investing with Dave's Book, “Start with Strategy” Sign Up for the BiggerPockets Real Estate Newsletter Find Investor-Friendly Lenders On the Market 309 - Americans Are Late on Their Mortgages: Why I'm NOT Worried About THAT Chart Connect with Dave Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1110 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investing in 2025 has huge, underrated potential to make you wealthy—but hardly anyone is talking about it. As tariffs, mortgage rates, and stock market volatility take over the news cycle, average Americans are turning away from time-tested investments like real estate and worrying about unstable markets instead. This could be a huge mistake because, as I'm about to show you, the ability to get rich with real estate has not disappeared—if anything, the opportunity has grown. For months, I've been talking about how we're entering the “upside” era of real estate investing—a time when patient, prudent investors can make a killing by pinpointing often-overlooked opportunities. Today, I'm sharing the exact “upsides” to look for in 2025 and how I'm buying real estate deals RIGHT NOW that will make me wealthier in the not-so-far future. Even better? I'm proving how real estate BEATS your other investments—especially during turbulent times. Stocks, bonds, cryptocurrency, and even private businesses can't hold a candle to real estate. Now is the time to get in, and if you don't, you can be sure other investors will pick up what you missed, building their financial freedom where you could have built yours! In This Episode We Cover: The “upside” era explained and seven different ways to build wealth through real estate NOW Real estate vs. stocks vs. cryptocurrency vs. businesses: which reigns supreme? How to achieve financial freedom in just a decade if you start investing NOW Real “upside” deal examples Dave is doing now to build wealth in today's market  Huge economic tailwinds real estate has over the next few years (if not much longer) And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Real Estate Guest Get Early Bird Tickets to BPCon2025 ($100 Off!) Baselane: Automate your real estate finances with banking and AI-powered bookkeeping. Claim your $100 bonus Find YOUR Perfect Investing Strategy with Dave's Book, “Start with Strategy” Sign Up for the BiggerPockets Real Estate Newsletter Find an Investor-Friendly Agent in Your Area The One True “Inflation-Proof” Investment (EVEN with Tariffs) Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1109 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

This high school football coach grew a real estate side hustle over the past four years that now replaces his W2 income. He did it making a median salary, all while working his full-time job and raising his family. He didn't use flashy methods, risky strategies, or constant cold calling. Starting with around $30,000, Lamontis Gardner went from zero to 19 rental units in just four years and is STILL growing! After pandemic lockdowns left Lamontis with extra time and little work, he knew he needed to stop solely relying on his W2 income to fuel his life. Of course, Rich Dad Poor Dad found its way into his hands, and the real estate bug began. From there, Lamontis turned a lost deal into an opportunity to buy three duplexes from one owner. The problem? He only had a third of the money. It was time to partner up! After a home run first real estate deal that gave him a six-figure equity upside, Lamontis knew this was the path for him. Since then, he's been buying rentals, flipping houses, and doing whatever he can to reinvest in real estate, all while working his W2 job. Now, he's replaced his W2 income but is STILL growing his portfolio even in 2025's high-rate, “tough” housing market. Want to do the same? Copy Lamontis's strategy!  In This Episode We Cover How to invest in real estate when you don't have enough money for a down payment  Why you DON'T need to cold call in order to find great off-market real estate deals  The easiest (and most profitable) homes to flip that ANYONE can find on-market Why section 8 rentals are not what you think (and might be as good or better than regular rentals) When to flip vs. renovate and rent a house (telltale signs of a great flip/bad rental)  How Lamontis scaled to 19 rentals and multiple flips per year WITHOUT a big team  And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1108 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Does your rental property need some updating? Maybe you're buying a house with unpermitted work, and you've got to go back and fix a few problems. Or, this could be your first home renovation as you try to squeeze some sweat equity out of your property. Regardless of your situation, if you're planning a home renovation, you'll need to know how to do a few things: build a scope of work, pull permits, manage contractors, and ensure the job is actually getting done. We'll help you do all of those today! We're taking questions from the BiggerPockets Forums today and answering topics like: What to do when your home has unpermitted renovations How to analyze your first rental property or house hack How to build a scope of work to ensure you get the HIGHEST appraisal value The best way to check in on renovations, especially if you're investing out-of-state Some of these seem tricky if you're a first-time investor, but don't worry, ANYONE (even a newbie) can handle a home renovation IF you take the right steps and follow our suggestions. In This Episode We Cover: Should you EVER buy a house with unpermitted renovations? And how to get permits retroactively  How to analyze your first rental property (or house hack) to make sure it'll pencil out Building a scope of work (SOW) so you have a bullet-proof renovation plan  How to check in on your home renovation if you're investing from a distance  The one contract contingency to add IF you're worried about renovations the seller made  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Real Estate Guest Get Early Bird Tickets to BPCon2025 ($100 Off!) BiggerPockets Real Estate 1103 - April 2025 “Upside” Update: Making a BIG Change to My Portfolio (Cashing Out) Real Price of Gold Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations BiggerPockets Forums BiggerPockets Calculators BiggerPockets Market Finder Real Estate Rookie Podcast Resource Hub Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust Ask Your Question on the BiggerPockets Forums Ready for Your First Home Renovation? Grab “The Book on Estimating Rehab Costs” Sign Up for the BiggerPockets Real Estate Newsletter Find an Investor-Friendly Agent in Your Area How to Renovate a House—Whether You're Renting, Flipping, or Moving In Connect with Ashley Connect with Dave Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1107 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Inflation is eating away your net worth, and if you don't do something about it, you could be worse off in the future. What's the best inflation-proof investment to make in 2025? Which options will merely hedge against inflation, and which will beat inflation so you grow your wealth while prices are going up? With new tariffs potentially flaring up inflation again, every investor should be paying careful attention to this. Dave did the math to find four inflation-proof investments that perform best over time. He even discovered how one of the most common “inflation hedges” could cost you real wealth over time and why buying a house in cash to save on interest could be the wrong move. If inflation is about to take away your spending power, where's the best place to put your money? Dave compared not only the nominal (non-inflation-adjusted), but also the real (inflation-adjusted) returns to ensure each of these assets is actually getting you a REAL return. Should you move your money into bonds, high-yield savings accounts, stocks, or stick to real estate? We're sharing the analysis today. In This Episode We Cover: The most inflation-proof investments that will keep your wealth growing even with high tariffs Why one common “inflation hedge” could be a massive mistake to invest in Inflation-proof real estate investing and how to ensure you make a REAL return Why rising home prices will NOT protect your wealth, even if you have paid-off houses What to do if you have cash on you right now but want to make a return And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Real Estate Guest Get Early Bird Tickets to BPCon2025 ($100 Off!) BiggerPockets Real Estate 1103 - April 2025 “Upside” Update: Making a BIG Change to My Portfolio (Cashing Out) Real Price of Gold Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations Get $100 Off Your Ticket to BPCon2025  Invest in Any Market Cycle with “Recession-Proof Real Estate Investing” Sign Up for the BiggerPockets Real Estate Newsletter Find Investor-Friendly Lenders Connect with Dave Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1106 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Just buy ONE rental property and watch your life change. Today's guest was working multiple jobs, and a single property purchase allowed her to finally free up her weekends and regain some freedom in her life. The best part? She did it with just around $4,000, then repeated the process again and again, leading her to quit her demanding teaching job in just four years! Today, she's describing exactly how she did it! Deandra McDonald called a lender, expecting to get a preapproval for a home. What actually happened? They told her, “No. Come back when you have more money, better credit, and less debt.” She hustled for two years, saving, working more, and paying off debt. She finally secured a loan for her first property, a two-bedroom townhouse that would change her life forever. Now, she's a financially independent real estate investor, no longer tied to her teaching job, and investing in completely overlooked “rental properties” that produce killer returns and allow her to live job-free. These properties are still largely ignored, but Deandra says it's not too late to take advantage of them and escape your W2 job, too! In This Episode We Cover: How getting just one rental property can lead you to financial freedom in under a decade Why you CAN NOT give up when a lender tells you “no” for a home purchase The overlooked rental properties that you can buy at a MAJOR discount  Why Deandra wants to pay off her mortgages instead of scaling to a huge unit count The easiest way to start investing in real estate that requires the least money possible And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Real Estate Guest Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations Grab the Personal Finance Classic, “Rich Dad Poor Dad” Sign Up for the BiggerPockets Real Estate Newsletter Find Investor-Friendly Lenders A Better Retirement After Buying Just ONE Rental (and Never FOMO-ing) Connect with Deandra Connect with Dave Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1105 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market is finally giving buyers a break. Home prices aren't crashing, but many of them are dropping, or stagnating, as homes sit on the market and seller confidence drops, buyer control rises, and economic sentiment remains low. Americans aren't feeling good about the economy, but this makes buying a home even better: lower mortgage rates, the ability to get seller concessions, and longer negotiation times put buyers in the driver's seat. So, how should you take advantage? Dave brought the entire expert investing panel from the On the Market podcast to the show to share what they're buying, what they're selling, and how they're investing during this new buyer's market.  Not every market in the US is experiencing a buyer's market, but if you're in one of the many major metros that is, we're sharing how to take advantage of it. Fear means opportunity, and the opportunity is here. If you're buying rentals, how does this affect your cash flow? If you're flipping homes, when should you start dropping prices before your listing gets too stale? These investors are buying, selling, and managing rentals in THIS market and giving tips on the best moves to make.  In This Episode We Cover Why the housing market is flipping back to a buyer's market after years of aggressive competition  Asking for seller concessions and how to get a discount on your next deal Why experts are loading up on properties that are priced right before the buyer demand returns  When it's okay to break even on a rental property's cash flow (and when it's NOT) Local data to look at now to see if you have more control as a buyer or a seller  And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1104 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Over the past month, I've decided to make a big move that will greatly affect my real estate portfolio. This was a decision I made after seeing severe weakness in the market and realizing it was time to put my money where my mouth is. For months, I've been talking about the “upside” era strategy of real estate investing—the theory that now is a great time to buy as real estate is primed to experience significant upsides in the future, making investors rich. I'm doubling down on this due to market volatility—and in today's episode, I'm sharing exactly where I'm putting my money. I made a move that most investors would caution against, but I ran the numbers (many times) and am confident in what I decided to do. Part of my plan is to move money out of riskier assets with potentially lower returns and into assets that I'm confident will generate stronger returns. This is something EVERYONE (yes, even you) should be thinking about NOW to build long-term wealth in the future. I've got two places I'm planning on putting the money from making this move. One will allow me to capitalize on future real estate deals, the other will guarantee me a minimum of a 6.5% return—and that's just the floor of the return. I'm putting the “upside” strategy into play now, and if you're feeling the same way about the economy as I am, you should, too! In This Episode We Cover: The big move I made and why I'm cashing out of some investments to fuel others  How I'm getting a guaranteed MINIMUM 6.5% return with this big investing move  Rental properties I'm looking for right now that have the highest “upside” potential  Three things every investor should do right now to ensure they capitalize on the “upside” era  Key indicators that the stock market is significantly overvalued (and what I did with my stocks)  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Real Estate Guest BiggerPockets Real Estate 1066 - The “Upside” Era Explained BiggerPockets Real Estate 1075 - 10 Hidden Ways to Buy Properties with Huge “Upside” Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust Grab Dave's Book, “Start with Strategy” Sign Up for the BiggerPockets Real Estate Newsletter Find an Investor-Friendly Agent in Your Area Connect with Dave (00:00) Intro (01:12) The “Upside” Era Begins (04:12) The “Upside” Investing Strategy (11:23) I Cashed Out (15:12) Where I'm Moving Money (17:25) What I'm Buying NOW (23:44) 3 Things You Should Do Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1103 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's guest makes $60,000 per MONTH the old-fashioned real estate investing way. He buys rentals you can find on any real estate listing site, uses his own money to invest, doesn't need “creative financing” techniques to fund the deal, and treats his tenants well. This is a real estate portfolio anyone can repeat, and it has made Welby Accely a multimillionaire in just over a decade, even after he lost everything (three times!).  In a time when every real estate guru is trying to get you into the lowest-money-down deal with the most risk and the shallowest margins, Welby takes it the whole other direction. His simple offer “formula” allows him to buy properties under market value, fix them up, get them rented, and refinance out to create an “infinite return.” Basically the BRRRR (buy, rehab, rent, refinance, repeat) strategy, but EVEN safer. How does he find rentals that are (almost) always worth more than what he pays for them? Welby says, “Every deal is a flip,” meaning if you buy rentals like a flipper would, your profit margins massively multiply, and you reap huge financial benefits. Welby is a REAL real estate investor, giving you a real strategy you can use in 2025, even with high interest rates. The question is, will you take advantage of it like Welby did?  In This Episode We Cover Welby's unbeatable “offer formula” to get discounted real estate deals with HUGE equity upside  Why Welby believes every investment is a “flip” and how it's made him millions How to find real estate deals ON-MARKET by simply browsing listing sites and activating notifications  Why Welby always puts more money down on his properties (and it pays him back BIG time) What you can offer (that isn't money) to get a seller to accept your bid  And So Much More! (00:00) Intro (01:32) NEVER Buy “Cheap” Real Estate (03:54) Every Investment is a “Flip” (06:13) ONLY Buy These Properties (09:32) How to Find On-Market Deals (15:29) The Easy Offer Formula (18:02) Put MORE Money Down (23:21) $4,300/Month Cash Flow (ONE Property) (27:55) Offer More Than Money (32:02) Follow Welby's Formula! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1102 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Home prices are falling fast in some prime real estate markets across the country while others remain stubbornly stuck. What's the defining factor between a stable housing market and one where sellers are actively cutting prices? Housing inventory! This metric defined the 2020 - 2022 run-up in home prices, but the rubber band of demand is snapping back as buyer power grows, housing inventory rises, and investors get even better buying opportunities. Remember when people said, “I'll buy when prices drop”? Well, now might be the time. ResiClub's Lance Lambert joins us to provide a holistic view of housing inventory, prices, demand, and emerging opportunities. Lance walks through the most up-to-date data on where housing inventory is rising fast, where prices are quickly declining, and which markets are holding on as sellers remain in control. We'll also talk about why homebuilding costs are about to JUMP and the reason Warren Buffett sold his homebuilding stocks shortly after buying them. Will construction slow down, limiting new inventory and leading us back into ultra-low supply? If so, this could push home prices higher, creating a prime opportunity for real estate investors. In This Episode We Cover: Is spiking inventory a worrying sign for the housing market, or are we merely normalizing? What to look at in your housing market to forecast whether prices will rise or fall  Why are homebuilding costs about to JUMP, and could this lead to even more inventory problems? The new housing trend: Older renters, but could this mean more demand for rentals? And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Real Estate Guest ResiClub: The cost breakdown for constructing a single-family home in 2024 ResiClub: Did Warren Buffett see this coming? Homebuilder margins face pressure in 2025 ResiClub: The vanishing young homebuyer: Median first-time homebuyer age jumps from 28 in 1991 to 38 in 2024 Invest in Private Market Real Estate with the Fundrise Flagship Fund Grab Dave's Book, “Real Estate by the Numbers” Sign Up for the BiggerPockets Real Estate Newsletter Find an Investor-Friendly Agent in Your Area Inventory Is Key to a Stable Real Estate Market—Will It Recover? Join Lance's Newsletter Connect with Dave Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1101 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

What's the best rental property for the average investor? It's not a single-family rental, it's not a large apartment building, it's not even a duplex or a triplex—it's a “sweet spot” small multifamily. These investment properties, ranging from five to 25 units, make more money, are easier to manage, and help you scale faster to achieve financial freedom. Even large multifamily investing experts like Brian Burke are ditching the huge apartment complexes to buy these. But what makes these small multifamily investment properties so much better than their bigger and smaller counterparts? We're discussing the massive investing opportunities in 2025 for these properties with Brian today and how new investors and those looking for a manageable portfolio can leverage these properties to reach financial freedom. These types of properties are still experiencing low prices with limited competition, which means that if you know about them, you already have an advantage. How long do we have until multifamily prices rebound and these investments become out of reach for regular investors? How do you analyze a small multifamily property to ensure it makes you monthly passive income? Brian shares his wisdom and gives an exact timeline for when it may be too late to buy. In This Episode We Cover: The rental property “sweet spot” for more income and fewer headaches  Why it's easier to own multifamily than single-family homes  The multifamily real estate crash and why prices are LOW right now How to analyze small multifamily before you buy and which expenses most new investors forget What makes a “good” small multifamily real estate deal in 2025 And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Podcast Guest! Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations Grab Brian's Book, “The Hands-Off Investor” Sign Up for the BiggerPockets Real Estate Newsletter Property Manager Finder How to Buy a Small Multifamily Property (A Step-by-Step Case Study for Newbies!) Connect with Brian Connect with Dave (00:00) Intro (01:54) The Rental Property “Sweet Spot” (04:31) Management is EASIER! (07:36) It's On SALE! (10:53) How Long Will Opportunity Last? (13:38) “Good” Deals in 2025 (17:48) How to Analyze Small Multifamily (24:03) Can Small Investors Do This? Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1100 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

This investor built a multimillion-dollar real estate portfolio with low-money-down loans and little cash-to-close. Thanks to his smart “rinse and repeat” strategy, he's quickly scaled from zero to 13 rental units in just four years, all while collecting thousands of dollars of cash flow a month. He would have never been able to get to this place if he hadn't followed a strategy many investors are too scared to try. Mike Johnson knew the best way to take bigger career risks was to have a backup plan. The ultimate passive income plan? Rental properties. But he didn't want to put 20% to 25% down on each property he bought, so he started where many investors do—house hacking. Four years later, he's continued his repeatable house hacking strategy, purchasing a new property every year, living in one unit, and renting out the others. This has allowed Mike to build a portfolio worth $3.4 million in just four years while buying in B+ or A-class neighborhoods and taking home a healthy amount of cash flow. But he has dealt with his fair share of headaches—squatters, non-paying tenants, and a lot of purple paint. Mike still says investing has been a massive win for him, and you can repeat his same strategy!  In This Episode We Cover: How to start investing in real estate with little money using the house hacking strategy  Why your primary residence IS an investment (and a phenomenal one at that) The biggest mistake Mike made that led to him buying a property with a squatter in the unit  The new 5% down multifamily loan you can use to buy bigger, better, more expensive properties  The cash flow AND appreciation market Mike is bullish on (and keeps investing in) When to self-manage vs. hire property management for your rentals  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Podcast Guest! Mikes Instagram Mikes LinkedIn Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust Save $100 on Real Estate's Biggest Event of the Year, BPCon2025 Grab the Book “The House Hacking Strategy” Sign Up for the BiggerPockets Real Estate Newsletter Find Investor-Friendly Lenders Download the “Should I Buy Points” Resource Connect with Mike Connect with Dave (00:00) Intro (01:28) Investing to KEEP Working? (03:32) First Deal with $19K Down! (09:12) 3.5% Down 4 Unit! (13:27) Worst Tenant Ever (18:51) 3 More Units and Hiring Management (23:32) $1.5M Property for $38K Down! (23:41) SOCIAL - 38k cash for a $1.5m property (28:14) Your Primary is the BEST Investment Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1099 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market saw significant “softening” in February, with inventory rising, demand shrinking, and buyers regaining more control while sellers find themselves in a tough position. Why is this happening now, especially as mortgage rates continue to dip? With recession fears and economic tensions running high, Americans worry what's coming next, causing much of the economy to shift. With price declines already happening in some markets and more potentially on the horizon, when is the right time to buy? We're back with a March 2025 housing market update, going over what's happening in the national housing market, which states are seeing the hottest (and coldest) housing demand, what's going on with mortgage interest rates, and why the market is noticeably softening. But the real question remains: How can YOU continue building wealth while others fear the worst? Is this your “be greedy when others are fearful” moment? Dave is giving his take and sharing how he's tailoring his own investing strategy in 2025. Find investor-friendly tax and financial experts with BiggerPockets Tax & Financial Services Finder! In This Episode We Cover: Why the housing market is starting to noticeably “soften” in 2025  Hottest/coldest housing markets in the United States with the most/least inventory  Are price declines coming? Whether we'll end this year with negative price growth  Why mortgage rates are dropping, but housing demand isn't rising Why real estate could be the “First In, First Out” investment of 2025's wild economy  Whether or not now is the time to buy and what could cause a reversal of these worrying trends  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Podcast Guest! Redfin Housing Market Data ResiClub Housing Inventory Data Consumer Confidence Index Unemployment Claims Data GDPNow Invest in Private Market Real Estate with the Fundrise Flagship Fund Invest in Any Market Cycle with “Recession-Proof Real Estate Investing” Sign Up for the BiggerPockets Real Estate Newsletter Find Investor-friendly Tax and Financial Experts Will Mortgage Rates Fall Below 6%? Here's What Could Trigger Low Rates Connect with Dave (00:00) Intro (01:54) The Market is “Softening” (03:19) Inventory is Rising (07:48) Hottest/Coldest Markets (12:22) Price Declines Coming? (13:39) Mortgage Rates Are Dropping (19:10) The FIFO Scenario (26:11) Should You Buy NOW? Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1098 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

There's a hidden passive income stream in your basement, backyard, or garage, and only one investing strategy can unlock it. More and more homeowners and landlords are using this strategy to pay their mortgages, pad their pockets with cash flow, and increase their home values significantly. Of course, we're talking about ADUs (accessory dwelling units), the rental properties that states are begging you to build, and you can do so right now with the home you already own. To help you affordably (and profitably) build your first ADU, we brought on Derek Sherrell, AKA That ADU Guy, to give you the beginner steps to your first attached (or detached) investment. We're walking through which properties have the best ADU opportunity, how much an ADU costs to build or convert, how much an ADU will make, how to fund and finance your first ADU, and how Derek builds an ADU from scratch in just 90 days! Derek often makes an infinite return on his ADU investments, and he's teaching you how to do the same! If you're in an expensive state like California, Oregon, or Washington, this strategy is even more effective as you can collect more rent AND do so without local regulations slowing down your ADU progress! In This Episode We Cover: How much an ADU costs to build, and the wild returns Derek is making in 2025 The most affordable ADU conversion that will boost your property's cash flow Three crucial beginner tips when designing and building your first ADU How to finance your ADU conversion/build and why Derek loves HELOCs Best states for building ADUs and who to call BEFORE you decide to build And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Podcast Guest! Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust Save $100 on Real Estate's Biggest Event of the Year, BPCon2025 Grab Dave's Book, “Start with Strategy” Sign Up for the BiggerPockets Real Estate Newsletter Find Investor-Friendly Lenders Is Building an Accessory Dwelling Unit (ADU) a Worthwhile Investment Derek's BiggerPockets Profile Derek's Website Connect with Dave Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1097 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

House flipping can make you wealthy. Everyone has seen the TV shows, podcast interviews, and the high-priced renovations, even in their own neighborhoods. But what if where you live is WAY too expensive to flip houses? The home costs are high, the labor costs are high, and underpriced, outdated homes are hard to find. Thankfully, you're not out of luck. Today, we're teaching you how to flip houses from a distance, even thousands of miles away! Dominique Gunderson is currently flipping 12 houses from 2,000 miles away. Yes, it's possible (and profitable), and Dominique has made it her full-time business. As a Los Angeles native, Dominique couldn't afford anything in her home market, but through visiting family in New Orleans, she realized it was the perfect place to flip. So, she slowly started scaling a team that would allow her to be anywhere in the world while she ran her business. In only her mid-twenties, she's been able to build a team that takes care of the renovations and rehabs for her while she handles finding the deals and getting the funding. Today, she's teaching you how to do the same: build your out-of-state team, scale the right way, and when (and how) to delegate so you don't do all the work. She's even breaking down her profit margins and revealing how much you can actually make flipping in affordable markets. In This Episode We Cover: How to flip houses anywhere (and FROM anywhere!) without doing the work yourself How much long-distance flips can make you in 2025 (Dominique's profit margins) Building your boots-on-the-ground team to handle renovations for you When to flip vs. hold and signs a flip should become your next rental property  The secret to scaling your team so you can do less work and make more money  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Podcast Guest! Invest in High-ROI Turnkey Rentals with Rent to Retirement or Txt REI to 33777 Grab “The House Flipping Framework” Book Sign Up for the BiggerPockets Real Estate Newsletter Find Investor-Friendly Lenders BiggerPockets Real Estate 587 - Full-Time Flipping (Out-of-State!) at 24 by Doing What Most Don't Know w/Dominique Gunderson Connect with Dominique Connect with Dave (00:00) Intro (03:35) Long-Distance…Flipping? (05:28) Flipping 12 Houses at Once! (07:52) Building Your Team (12:49) First Deal and 2025 Profits (19:13) Keeping Flips as Rentals (22:06) Secrets to Scaling (31:38) Keep it Small (But Scalable!) Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1096 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stock prices are falling, and Americans are fearful. Tariffs, trade wars, economic tension, and interest rates are putting pressure on asset prices. Commercial real estate has already crashed, but the worst may be yet to come. Home prices aren't growing; in fact, small multifamily prices may even be declining. What should you do? We can't provide financial advice, but Scott Trench, CEO of BiggerPockets, is revealing how he's protecting his wealth in 2025.  A recession could be coming; we're all aware of that. But what does this mean for real estate, stock, crypto, and gold prices? The “irrational exuberance” bubble seems to have popped after stocks hit wildly high price-to-earnings ratios, Bitcoin soared to six figures, and gold began a massive runup. Things are about to change very quickly. Scott is putting his money where his mouth is, revealing the contrarian moves he's making to his portfolio to keep his wealth growing during this increasingly volatile period. He's giving his stock market prediction, interest rate prediction, and home price prediction and sharing where real estate investors should look for stellar deals as everyday Americans run away in fear.  Find investor-friendly tax and financial experts with BiggerPockets Tax & Financial Services Finder!   In This Episode We Cover Scott's exact portfolio allocation: what he's selling and what he's holding NOW The speculative bubble that could be very close to (if not already) popping Will interest rates rise further despite market volatility?  The biggest buying opportunities for investors to score killer deals on investment properties The critical risk to index funds that investors MUST be aware of  Could commercial real estate prices crash even more, creating substantial potential margins for investors?  And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1095 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Property management can make or break your real estate portfolio, and most new investors don't know where to start. Do you hire a property manager or self-manage your rental(s)? How do you know a property manager will ensure your rental is performing instead of just collecting a monthly fee? Should you use a local property management company or a national chain? The real question: who will make YOU more money and keep your rental on track with your goals? Want to spot an average property manager vs. one that builds your wealth? Follow Selali Kalevor's advice. He's not only a property manager himself but an “upside” investor as well, who knows what it takes to make not only his clients' properties perform but also his own. He shares the key questions to ask ANY property manager and must-know tips for self-managing rentals. Plus, Dave and Selali describe the one thing that makes a property manager a massive value to rental property investors, and if your manager can't do this, you might as well find a new one.  In This Episode We Cover: Crucial questions to ask a property manager to see if they're worth the fee Hiring a local vs. national property management company (and what to check before you hire them) The type of “manager” that will make you more money with less stress  Signs that you should (or shouldn't) be managing your properties yourself  The #1 most important factor when hiring a property manager  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Podcast Guest! Join the Future of Real Estate Investing with Fundrise Get Fast, Affordable Landlord Insurance with Steadily Save $100 on Real Estate's Biggest Event of the Year, BPCon2025 Grab the Book “The Self-Managing Landlord” Sign Up for the BiggerPocket Real Estate Newsletter Property Manager Finder 78 Questions To Ask A Property Manager Before Hiring Them Connect with Selali Connect with Dave (00:00) Intro (01:56) Becoming a Property Manager (06:12) Picking a Property Manager (11:09) Local vs. National Property Managers (18:58) Best Managers Do This (24:56) How to Self-Manage (27:11) Know Your Property's “Why” Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1094 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Imagine getting paid to buy rental properties. Well, it's more than possible, and today's investor proves it. After spending months looking for the “perfect BRRRR” property, Jon Kessler stumbled upon it and, through a series of fortunate events, got paid $50,000 to buy a cash-flowing rental property. And guess what? This wasn't a one-time occurrence. Jon repeated this strategy multiple times to build his real estate portfolio with little money and reach financial freedom in just 11 years! So what is the “perfect BRRRR” strategy, and how can you repeat it to get paid at the closing table, just like Jon? Today, Jon is walking us through his decade-long real estate investing journey, starting with being tens of thousands of dollars underwater on his home in 2008 to getting paid to buy rental properties, building an off-market lead business, and eventually getting to his true goal: financial freedom and truly passive income. Jon faced a LOT of ups and downs. He started with zero investing experience, had non-paying tenants, a home with negative equity, and built his real estate portfolio all while working a full-time job and raising kids. Think you can't invest in real estate in your situation? Jon will prove you couldn't be more wrong! In This Episode We Cover: The “perfect BRRRR” investing strategy that pays YOU to buy rentals  Financial freedom in just a decade and why it's still more than possible Why you should turn your primary residence into a rental property when you move out Working with wholesalers and how to score super underpriced real estate deals How Jon finds his off-market real estate deals and the method he uses to contact motivated sellers 100% passive income and what Jon is investing in now for more time freedom And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Podcast Guest! Join the Future of Real Estate Investing with Fundrise PassivePockets Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust Grab the BRRRR Book Sign Up for the BiggerPocket Real Estate Newsletter Find an Investor-Friendly Agent in Your Area BiggerPockets Real Estate 1072 - How to Make More Passive Income with Fewer Rentals (& ACTUALLY Retire Early) Connect with Jon (00:00) Intro (01:55) "Accidental” Landlord (04:59) Buying His First True Rental (08:05) Finding the BRRRR Method (12:28) Getting Paid to Buy Rentals (18:09) SUPER Underpriced Homes (21:36) Finding Off-Market Deals (25:06) Shifting to “Passive” Income (29:00) 100% Passive Investing Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1093 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Your rental properties are about to make even more money. There's one often overlooked real estate investing “upside” that, over time, makes rental property investors and landlords rich without any extra effort. This is one upside that Dave is exceptionally bullish on and is one of the most compelling cases for rental property investing. It's not home price growth, it's not tax benefits, and it's not zoning changes—it's simple: rent price growth. Rent has steadily grown throughout the history of the housing market and shot up at an extreme pace during 2020 - 2022. Now, the pendulum is swinging in the other direction as rents soften and tons of supply hit the market. But how far are we from going back to the days of solid rent growth? And with the new housing supply already starting to be absorbed, could we get to above-average rent growth again? We brought Chris Salviati from Apartment List on the show to share his team's rent research.  Over time, your rental income will rise significantly while your mortgage payment stays the same, boosting your profits. So, where are rents poised to grow the most? Will we ever experience 2021-level rent growth again? And will 2025 be the year strong nationwide rent growth returns? We're breaking it all down today so you know exactly where rents are headed next! In This Episode We Cover: Why “rent growth” is one of the most underrated “upsides” of real estate investing The 2020-2022 rent price explosion explained and why rents skyrocketed  What has been keeping rent growth suppressed for the past few years  Markets with rent declines that could quickly reverse (significant buying opportunities) The property classes (A/B/C/D) experiencing the most rental demand (it's NOT the nicest ones!) Multifamily vs. single-family rent trends and whether new apartments drive down home rent prices  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Podcast Guest! Apartment List Research Join the Future of Real Estate Investing with Fundrise Grab Dave's Book, “Real Estate by the Numbers” Sign Up for the BiggerPocket Real Estate Newsletter Find an Investor-Friendly Agent in Your Area Rent Prices Are “Guaranteed” to Increase Over the Next Two Years—Here's Why Grab The Apartment List Research Or Email research@apartmentlist.com Connect with Dave   Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1092 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mortgage rates have hit a new low for 2025, hovering around 6.75%, down from their peak of 7.25%. This is serious interest rate relief for homebuyers, real estate investors, and anyone getting a mortgage. But will mortgage rates fall even further in 2025? A new article from HousingWire's Logan Mohtashami suggests that even more rate relief could be on the way, but not without a series of caveats.  To give our take, we're bringing you a bonus episode where Dave breaks down Logan's argument, gives his opinion on the hypotheses, and reveals what would have to happen for rates to drop into the low sixes, maybe even into the five percent range! With bond yields ticking down and recession fears mounting, mortgage rates seem poised to improve compared to the past couple of years. Will we have to see economic pain before rates lower? Could rates go back up, even higher than before, if positive economic news emerges? Dave is breaking down both his own predictions and Logan's in this bonus episode.  In This Episode We Cover: Today's mortgage rates and why we're hitting 2025 lows  Two factors that influence mortgage rates and where they both stand now  The bond yield “spread” and how its improvement could keep rates low  What has to happen for rates to fall even more, and why it's not all good news Could mortgage rates get BELOW six percent in 2025? And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Podcast Guest! Do mortgage rates have room to drop lower? Invest in Any Market Cycle with “Recession-Proof Real Estate Investing” Sign Up for the BiggerPocket Real Estate Newsletter Find Investor-Friendly Lenders Mortgage Rates Hit 2025 Low as Recession Fears Rise Read Logan's Article, “Do mortgage rates have room to drop lower?” Connect with Dave   (00:00) Intro (02:05) Why Mortgage Rates Are Falling (03:18) Will Mortgage Rates Fall Further? (05:49) What This Means for Investors (07:02) The Mortgage-Bond "Spread" (10:18) What Will Cause Lower Rates Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-bonus Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The BRRRR strategy is arguably the fastest way to build wealth with real estate. Just ask Leka Devatha, a Seattle-based investor. She's got ONE BRRRR property this year that could make her $600,000 in profit. And that's ONE home, not an apartment complex. So what is the BRRRR strategy, and why do so many investors write it off instead of trying it in 2025? Are they missing out? Absolutely! BRRRR stands for buy, rehab, rent, refinance, repeat. The basic formula is this: buy a house that needs some improvement, renovate the home (to a scale you're comfortable with), rent out the home to tenants now that it's fixed up, and refinance it. Now that the property is worth more, you may be able to get the bank to pay YOU back your initial down payment and renovation costs due to the increase in equity. Then…repeat until you're financially free. How do you pull off a BRRRR in 2025 with high interest rates, high home prices, and rising renovation costs? Dave and Leka are walking through their own BRRRR deals, showing you how to successfully BRRRR and do it without using ANY of your own money (seriously!). In This Episode We Cover: The BRRRR strategy explained and whether it still works in 2025 Leka's BRRRR deals making her up to $600K! The best property types for BRRRRing to get more cash flow, higher appreciation, and bigger returns  How to use other people's money (OPM) to fund your BRRRR investments  The “DADU” strategy that could skyrocket your home price with one savvy addition  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Podcast Guest! Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust Save $100 on Real Estate's Biggest Event of the Year, BPCon2025 Grab the BRRRR Book Sign Up for the BiggerPocket Real Estate Newsletter Find Investor-Friendly Lenders What is the BRRRR Method & How to Use it to Invest in Real Estate Connect with Leka Connect with Dave (00:00) Intro (03:42) BRRRR Strategy Explained (05:38) How to Boost Home Value (08:47) BRRRRing with No Money (12:50) Using Other People's Money (15:39) Refinancing Your BRRRR (18:39) Real 2025 BRRRR Examples (23:03) Best BRRRR Property Types (26:08) The Secret to Finding Deals Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1091 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

30 real estate deals in two years, starting with very little money, AND doing it all while working a nine-to-five? After listening to Tim Yu, you'll have no excuse NOT to invest in real estate. He's done it all: house hacking, creative financing, seller financing, lease-to-own, single-family, multifamily, house flipping, and everything in between to find the real estate investing tactic that worked best for his goals and his lifestyle. After trying (and failing) house flipping, Tim was ready to give up on real estate entirely. It wasn't until a house hack (renting out other units/rooms in your home) gave Tim the cash flow he needed that he decided to give real estate another shot. From there, he spent hours calling owners after work, sweating bullets on cold calls, and refining his real estate skills. He's been able to buy a house for truly ZERO dollars down, pick up profitable rental properties for as little as $3,000, and get seller financing terms that have made him six figures in just a year or so. Tim has tried every strategy, so you don't have to, and if one of his tactics resonates with you, be like Tim and give it your all! In This Episode We Cover: The one loan that lets you buy your first property for ZERO dollars down How to get squatters out of your property (fast) with “cash for keys” Using seller financing to pick up real estate deals for just $3,000-$5,000 Tim's personalized strategy for finding off-market deals and motivated sellers  The new type of rental property Tim is buying that makes $3,000+/month in cash flow  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Podcast Guest! Get Fully Customizable Insurance Coverage for All Phases of Occupancy on One Monthly Schedule and Bill with NREIG Grab the Book on Creative Finance, “Wealth without Cash” Sign Up for the BiggerPocket Real Estate Newsletter Property Manager Finder 8 Rentals in UNDER 1 Year: A Rental Property Financing Masterclass Connect with Tim Connect with Dave (00:00) Intro (01:43) BAD First Real Estate Deal (05:51) $0 Down Cash-Flowing Rental (09:24) Seller Financing with LITTLE Money (14:49) Finding Off-Market Deals (24:08) Moving Markets (31:38) New Type of Rentals? Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1090 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Can you afford your “dream house” right now? The one with the pool and the ocean views, space for the kids to run around, and a huge pantry. The secret nobody will tell you: you CAN afford your dream house right now—or at least you can afford the investment that will get you there. Just ask James Dainard, who took a $175,000 hoarder condo and turned it into what would eventually become his $8,500,000 dream house. You can do the same using his level-up strategy. James only started with $9,000, which turned into multiple millions over the next fifteen years. He would buy a house, fix it, and trade it up for a better one, repeating this strategy five times until he reached the goal: a 9,000-square-foot luxury home in one of the priciest markets in America, Scottsdale, Arizona. He made millions of dollars completely tax-free because of this live-in flip strategy that ANYONE can use to massively multiply their wealth and take them to their dream home. And maybe you don't want an $8,500,000 mansion—that's fine! It only took James three house flips to get into “dream home territory,” and you can do the same! In This Episode We Cover: How to use the live-in flip strategy to make tax-free millions and buy your dream home Why buying the worst house in the best neighborhood can make you rich  Why your primary residence IS an investment…if you use it the right way  The real estate tax cheat code that lets homeowners make $500K in tax-free profits  How to renovate a home even if you have zero flipping or construction experience  Why it's crucial to find a spouse who's DTF (down to flip) And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a Podcast Guest James' Live-in Flip Story! Watch the Trailer for Million Dollar Zombie Flips!  Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations Find Investor-friendly Tax and Financial Experts Grab James' New Book, “The House Flipping Framework” Sign Up for the BiggerPocket Real Estate Newsletter Find Investor-Friendly Lenders Is a Live In Flip Right for You? Here's How to Tell Connect with James Connect with Dave (00:00) Intro (03:57) Best Investment? YOUR House! (07:41) House 1 ($175K Condo) (12:05) Pay NO Taxes on Profit! (14:06) House 2 ($235K) (19:09) House 3 ($890K) (22:04) House 4 ($1.7M) (26:22) Making $1.2M on ONE House!? (28:10) House 5 ($8.5M Dream House!) (31:44) Tips for 1st Live-in Flip Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1089 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Which rental renovations give you the biggest bang for your buck, turning a few thousand dollars of materials and labor into hundreds of more dollars of rent per month and tens of thousands more in home value? Today, we're going through each tier of rental renovations: easy and cheap ($5,000 or under), moderately challenging and expensive ($25,000 - $50,000), and hard/pro-level ($50,000+). This will give you a roadmap of high-ROI rental renovations you can make right now to increase your property's value and rent. Why are these rental renovations (AKA value-add) so important right now? Because with so many investors and homebuyers sitting out of the market, you can take your pick of homes with overlooked potential and turn them into high-value investment properties. This not only makes tenants happier due to new renovations and upgrades but also gets you higher rents and wealth-building equity to boot. We'll start with some easy ones—painting, tiling, adding backsplashes, etc.—and work our way up to the pro-level renovations like adding square footage and turning a single-family home into a multifamily. Based on your experience, you can go either route, but both have enormous potential to turn your initial investment into a killer real estate deal. In This Episode We Cover: How to increase your property's value (and rents) with high-ROI rental renovations The easiest (and cheapest) upgrades to make that take little time What to look for when buying a home for “value-add” and signs of money-making potential The one appliance you should NEVER include in your rental property The easy bathroom conversion that will massively boost your home's equity Pro-level rental renovations that could make you six-figures And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a Podcast Guest Invest in High-ROI Turnkey Rentals with Rent to Retirement or Txt REI to 33777 Grab Henry's New Book, “Real Estate Deal Maker” Find an Investor-Friendly Agent in Your Area The One Renovation Guaranteed to Increase ROI—No, It's Not the Kitchen or Bathroom Connect with Henry Connect with Dave (00:00) Intro (03:53) $5,000 (or Less) Renovations (12:06) Best Homes for Value-Add (17:20) Worthless Renovations (18:28) $25K - $50K Renovations (20:21) Kitchen Renovation Worth It? (24:33) BIG Renovations ($50K+) (29:37) High Risk, High Reward Renovations Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1088 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Would you sell your car, live without plumbing and electricity, and shower at the gym daily to build a rental portfolio? Now, would you do it while having one of the most prestigious jobs on the planet? If you said yes to both, you might as well be Gary Striewski, rental property investor, DIY home renovator, and, yes, host of SportsCenter. Wait… the host of SportsCenter used a bucket as a bathroom while renovating? Yep, but he's got a good reason for going through the struggle. Working at SportsCenter has always been Gary's dream job, but when 2020 hit, he knew he needed an alternative income stream. Real estate seemed like the obvious answer, but without much savings and only a car to his name he didn't have many options to invest. So what did he do? Sold his car, downgraded significantly, and picked up a condo for $20,000 down. Fast forward a few years—Gary has turned that first condo into a full real estate portfolio, including a private ski house that's soon to be a short-term rental. He's had evictions, DIY renovations where he lived without plumbing for months, and closings that didn't go as planned, but with persistence and grit, he's become an expert investor. Follow Gary's tenacity, and you can, too! In This Episode We Cover: How Gary turned a $20,000 down payment into ten rental units and a real estate portfolio Gary's “value-add” renovation that 99% of people would never do themselves A huge tenant mistake Gary made that will cost you if you repeat it Why you should constantly evaluate selling your rentals, even if they're performing well Whether or not condos are worth it as starter real estate investments  Sports stars who (unsurprisingly) love real estate investing And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a Podcast Guest Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations Grab Dave's Book, “Start with Strategy” Sign Up for the BiggerPocket Real Estate Newsletter Find an Investor-Friendly Agent in Your Area 10 Hidden Ways to Buy Properties with Huge “Upside” Connect with Gary Connect with Dave (00:00) Intro (02:19) 1 Condo to 9 Rentals! (04:06) Base Hit First Deal (08:56) A Big Tenant Mistake (12:48) $60K Profit in 1 Year! (19:17) Living Without a Toilet for a Deal? (25:24) First Short-Term Rental (30:04) ANYONE Can Do This! (32:33) They Invest in Real Estate, Too!? Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1087 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Think the BRRRR method (buy, rehab, rent, refinance, repeat) is dead because of high interest rates and rising home prices? Think again. We're doing BRRRR deals right now that are making us cash flow and serious equity while most investors sit on the sidelines. But how do we FIND these money-making BRRRR deals? We're sharing the new BRRRR formula in today's episode, along with more questions and answers from the BiggerPockets Forums. Besides uncovering our BRRRR secrets, we're helping an investor scale from single-family rentals to multifamily rentals. This is a BIG jump, and there's a smarter way to scale your way up to big, new-build multifamily buildings. Next, an investor finally sees the light, realizing cash flow ISN'T everything. He's about to walk into a nice chunk of equity with his new property, but is the cash flow TOO low (should he worry)? What were you thinking about when you were 18? Maybe you were stressing out about college applications or sleeping in until noon. One ambitious young investor wants to get his first rental at just 18 years old, but on this rare occasion, we advise against it. If you're in his position, too, we'd recommend doing something else first. Finally, are “small towns” too risky to invest in? How small is too small? We're getting into it in this episode! Looking to invest? Need answers? Ask your question on the BiggerPockets Forums! In This Episode We Cover: How to BRRRR in 2025 and how Henry finds his undervalued real estate deals The pitfalls of scaling from single to multifamily rentals and how to do it the right way Is a low cash flow rental worth it for a five-figure equity gain once purchased? How to start investing in real estate at a very young age (18 years old!) Investing in small towns and how to see where the big companies are going first And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a Podcast Guest Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations Grab the BRRRR Book, “Buy, Rehab, Rent, Refinance, Repeat” Sign Up for the BiggerPocket Real Estate Newsletter Find an Investor-Friendly Agent in Your Area Ask Your Question on the BiggerPockets Forums Connect with Dave (00:00) Intro (01:00) How to BRRRR in 2025 (09:03) Scaling from Single to Multifamily (15:36) Low Cash Flow Worth It? (20:09) Start Investing at 18? (24:20) Buying in “Small” Towns (31:13) Ask Your Question! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1086 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Don't buy in good school districts. Always end your leases in winter. NEVER raise rents on a tenant. These are just some of the “Dionisms” that have made Dion McNeeley, the so-called “lazy investor,” rich with rental properties. He achieved financial freedom, retiring early with a $200,000/year passive income after slowly, steadily, and lazily investing for the past decade. Want to never swing a hammer? You don't have to! Want tenants to stick around as long as possible? They will! Too scared to have the rent raise talk? Let Dion do it for you! In this episode, we're breaking down the ten different “Dionisms” (unconventional landlord advice) that have literally made Dion millions and can do the same for you.  Dion went from debt-riddled to multi-millionaire in just over a decade, starting his journey making just $17/hour, with three kids and very little time. If Dion can reach financial freedom with FEWER rentals, why can't you?  In This Episode We Cover: Dion's small (but mighty) financial freedom-enabling real estate portfolio  Dion's “binder strategy” that has tenants raise rents FOR you  Why Dion never has his leases expire in the summer (even though EVERYONE says to do this) Buying in average school districts? Dion says DON'T buy near good schools (and he's right) The surprising reason why the “worst states to invest in” will make you the richest  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a Podcast Guest Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust Retire with FEWER Rentals with “The Small and Mighty Real Estate Investor” Find an Investor-Friendly Agent in Your Area Investor Spotlight: From USMC to FIRE With Just 5 Properties Featuring Dion McNeeley Connect with Dion Connect with Dave (00:00) Intro (01:42) Low Income, High Debt, Lots of Responsibility (05:33) $21,000/Month Portfolio! (08:20) Have FEWER Rentals (11:51) 1. DON'T Raise Rents (18:18) 2. End Leases in the Winter (21:05) 3. DON'T Buy Near Good Schools (26:45) 4. DON'T Diversify (29:59) 5. DON'T Use LLCs (32:29) 6. Buy in BLUE States (37:30) 7. Value-Add Isn't Worth It (40:23) Be Like Dion! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1085 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices