BiggerPockets Real Estate Podcast

Invest in Turnkey Properties with REI Nation

Top 10 Real Estate Markets for Cash Flow in 2024

Connect with Ashley

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1040

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Nov 04, 2024

00:36:47

Is property “rezoning” the trick to making much more money in real estate? Our guest is using zoning laws to his favor by finding areas with hidden potential but NO space left to build. He then changes the zoning, builds new homes, and sells them FAST (and often over-asking price) to the local buyers waiting in line for inventory to arrive. You can do it, too, but you’ll need some beginner information before you start.

Since 2016, Stuart Udis has been building homes in areas most investors overlook. The average investor sees an area with growing demand but realizes that they can’t build a home because a piece of land may NOT allow residential units, so they give up. Stuart instead gets both the city AND the local residents on his side, having all parties favor a zoning change, helping him be the only investor to build on that once-overlooked piece of land.

So how do YOU do this, too? In this episode, Stuart walks through how he finds hidden opportunities in often-overlooked neighborhoods, the groups you’ll have to meet with before you try to change the zoning, and the types of units he’s building that give him the highest return on his money.

In This Episode We Cover:

Why “rezoning” property might be one of the most overlooked investing strategies

The big cash flow mistake that Stuart made earlier on in his investing career

The #1 reason you must look into school districts BEFORE buying in an area

Getting approval for rezoning from the city and the neighbors you MUST get on your side

How to tell exactly what a buyer/renter will want BEFORE you rezone/build

And So Much More!

Links from the Show

Grab Dave’s Newest Book, “Start with Strategy”

Can You Build Wealth by Rezoning Your Property? Yes! Here’s How

Connect with Stuart

(00:00) Intro

(01:20) Buying $50K Houses!

(05:06) BIG Cash Flow Mistake

(09:05) Finding a Hidden Opportunity

(13:45) Changing “Zoning” to Meet Demand

(20:36) Getting Zoning Approval

(24:57) What Buyers/Renters Want

(26:37) Buying, Building, and Renovating Rentals

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1039

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Nov 01, 2024

00:51:02

Real estate investing is great…sometimes. Other times, it’s NOT fun to be a real estate investor. While the pros, like financial freedom, generational wealth, and passive income definitely outweigh the cons, there are times when real estate investing makes you sit back and think, “Wow, I’m not having fun right now.” So we’re here to vent some of our biggest frustrations about the real estate industry, and if you’re an investor, landlord, house flipper, or property manager, you’ll probably relate.

These are the things that grind our gears the MOST. Now we’re not saying to ditch rental properties and real estate investing because of these downsides. Despite all these investment property pains, we still believe real estate is the best asset class for investing. But you will be hit with the headaches that we go through if you decide to invest.

The good news? We will give you actionable tips to avoid the worst of these throughout the episode. If you’re brand new to real estate investing or are thinking of buying your first property, this is advice you need to hear before you begin so you can make the most money with the least amount of stress.

In This Episode We Cover:

Why you really (really) don’t need to become an agent just to invest in real estate

Getting blinded by “exit strategies” and how it’ll cost you in the long run

How Henry learned to work with contractors so he doesn’t get scammed or ghosted

Why we’re begging you to stop doing “virtual staging” when selling a house

Etiquette for agents writing property descriptions (stop saying everything is “cozy”)

How to improve your relationship with your tenants so you both can enjoy your lives

And So Much More!

Links from the Show

How to Work With Contractors and Manage a Job Site as a Flipping Newbie

Property Manager Finder

(00:00) Intro

(00:41) 1. Becoming an Agent Just to Invest

(04:58) 2. Bad/Slow Communication

(07:30) 3. Being Blinded by Exit Strategies

(12:30) 4. Unrealistic Expectations

(17:03) 5. Working with Contractors

(23:22) 6. Agent Property Descriptions

(25:07) 7. Virtual Staging

(30:47) 8. SO. MUCH. PAPERWORK.

(33:19) 9. Shady Wholesalers

(37:36) 10. Tenants vs. Landlords

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1038

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Oct 30, 2024

00:31:09

Discounted real estate deals could be coming THIS winter as the housing market begins to “thaw.” Today, Dave is flying solo, bringing you a housing market update on all the crucial factors real estate investors are looking at—home prices, mortgage rates, housing supply, and rent prices. Even with home sales falling by a massive margin, home prices are still at all-time highs, and the housing market is “stuck,” but we could see some sellers taking price cuts this winter if you’re willing to take advantage.

Okay, but how can home prices still be THIS high when the total home sales are twenty percent lower than average and around fifty percent under the recent highs? It’s simple—affordability struggles. High rates, high prices, and “locked-in” homeowners staying in place keep the market frozen. So, why does Dave believe sellers will be more inclined to drop their prices this winter? Where does he believe interest rates will be by the end of the year? And what’s the one thing that could get the housing market “unstuck”?

In This Episode We Cover:

Why Dave believes real estate deals are coming THIS winter

Mortgage rate predictions and how low rates could go by the end of this year

Whether to buy now or wait for affordability to improve, prices to drop, and rates to fall

Why home prices are still rising EVEN with homebuyer demand plummeting

The MASSIVE drop in home sales since the pandemic boom and why prices have remained high

And So Much More!

Links from the Show

Nearly A Quarter of Prospective First-Time Homebuyers are Holding Off Until After the Election: Redfin Survey

Grab Dave’s Book, “Real Estate by the Numbers”

The Fed Finally Cuts Rates, but Will It Even Matter?

(00:00) Intro

(00:50) Home Prices Are Changing

(04:57) The Deals Are Coming

(06:05) MASSIVE Decline in Home Sales

(11:12) So…Why Are Prices High?

(16:19) Mortgage Rate Forecast

(18:14) Buy Now or Wait?

(19:17) Rents Still Struggling

(21:56) Winter Opportunity

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1037

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Oct 28, 2024

00:37:15

These two college teammates built a sizable real estate portfolio in just three years by using what they call the “delayed BRRRR strategy.” They’ve used this specific real estate investing tactic (and the regular BRRRR strategy) to turn one duplex into more than a dozen rental properties for their portfolio. They didn’t start with a ton of money and only got into investing together in 2021 when housing competition was high, and rates were soon to rise sharply. So, how does their strategy work, and how can YOU use it to buy more rental properties?

In this episode, these innovative investors, Joe Escamilla and Sam Farman, talk about why it’s CRUCIAL to have great real estate investing partners and how choosing the right one can be the rocket fuel you need to build a financial freedom-enabling rental property portfolio. They share the new “BRRRR” strategy (buy, rehab, rent, refinance, repeat) they’re using to get steady real estate cash flow AND boost their equity at the same time.

We’ll also talk about raising private capital and creating your own real estate syndication so you can buy more real estate using other people’s money and pass along the returns to your investors. Joe and Sam have built a real estate portfolio most investors can only dream of achieving, and they did it all in only three years, during high rates, and while working full-time jobs. Stick around to hear how you can do it, too!

In This Episode We Cover:

The new-and-improved “BRRRR” strategy that lets you “recycle” your money

Signs of a perfect real estate partner and why getting this right is CRUCIAL for growth

Cash-out refinancing to reinvest in real estate and grow your portfolio faster

Why you DON’T want to sit on the sidelines while rates are high and competition is low

Syndications and how to raise money for your next real estate deal

And So Much More!

Links from the Show

Grab the Book on the “BRRRR” Strategy

Rich Dad Poor Dad

Find Investor-Friendly Lenders

The Beginner’s Guide to “Infinite Investing” with the BRRRR Method

Connect with Joe

Connect with Sam

(00:00) Intro

(01:26) The Perfect Partnership?

(03:59) First Duplex in 2021

(11:38) This Works WITH High Rates

(16:25) Using Other People’s Money

(23:33) The New 2025 “BRRRR” Strategy

(28:25) Who Does What?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1036

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Oct 25, 2024

00:41:52

“Lake Effect” cash flow is starting to make landlords rich in this under-the-radar region of the United States. For the past few decades, mainstream real estate investing platforms have almost forgotten this region, and we’ve even overlooked it a few times. Here, landlords can buy affordable homes, make serious cash flow, and see significant investing advantages they can’t get in most other areas. Where are we talking about? Salt Lake? The Great Lakes? Lake Tahoe?

Welcome back to this week’s BiggerNews, where we’re discussing everyone’s favorite subject—cash flow (and a LOT of it). We brought Real Estate Rookie co-host Ashley Kehr, a predominantly cash-flow investor, to the show to share why her home region is finally getting the recognition it deserves for real estate investing.

If you want the residual income that will lead you to financial freedom and an early retirement, this is the region to look at. You can buy homes for a fraction of what they cost elsewhere, all while getting surprisingly high rent prices, leaving you with a serious supply of cash flow at the end of the month. We’re talking about the MOST affordable cities in this area, why the tech industry is moving in, and one crucial advantage that makes this market almost future-proof.

In This Episode We Cover:

“Lake Effect” cash flow and why it’s making landlords wealthy in this affordable area

The most affordable (and cash-flowing) markets in this under-the-radar region

Why more and more tech companies are moving into this overlooked area

Appreciation potential and the cities with cash flow AND rising home prices

The “booming” area that has serious infrastructure support for more jobs/businesses

And So Much More!

Links from the Show

Get Banking Built for Landlords with Baselane

Ready to Start? Grab “The Book on Rental Property Investing”

Top 10 Real Estate Markets for Cash Flow in 2024

Real Estate Rookie Podcast

10 Deals on a $20K Waitress Salary With Ashley Hamilton

Connect with Ashley

(00:00) Intro

(03:22) Still SUPER Affordable

(08:32) Most Affordable Markets

(11:30) Tech Industry is Moving In

(14:57) Climate Resilience

(18:56) Under-the-Radar Markets?

(28:58) This Area is Booming

(32:18) Even More Advantages?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1035

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Oct 23, 2024

00:37:35

“Should I refinance my home NOW or wait?” If you have bought a property in the past two years, every day looks like a better and better time to refinance your mortgage. After the Fed’s big rate cut last month, mortgage rates did the unexpected…they went UP. But, even with these slightly inflated rates, now is looking like a good time to refinance if you bought a home with a higher interest rate. So, should you take the risk of waiting for mortgage rates to drop or lock in these substantially lower rates now?

We don’t know what will happen next, so we brought on veteran lender Caeli Ridge to answer some of our more nuanced questions. Caeli summarizes where rates were, where they are today, and where they could be headed. If you want to know what refinance and HELOC (home equity line of credit) rates are right now, stay tuned because she shares exactly what her clients are getting.

What about paying no or low interest on your next HELOC? Caeli shares what may be the greatest HELOC hack we’ve ever heard of—one that gives you lots of liquidity while keeping your interest payments at the absolute rock bottom. You may have never heard of anything like it, so don’t miss this one!

In This Episode We Cover:

Where mortgage rates are right now for refinances and HELOCs

The HELOC hack that greatly minimizes your interest in your next equity line

Caeli’s interest rate forecast and where she thinks rates could be in the near future

When waiting to refinance could cost you, and whether rates may go UP again

The metrics that influence where mortgage rates will go next (what to pay attention to)

And So Much More!

Links from the Show

Invest in Turnkey Properties with REI Nation

street-wants-strong-economy-110854497.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAB3EnaqVWh6-rv_cV9PNGJ3Gb1YG6Zn1Pw8keXR5myKT0JMzc7fyNWHFaxflYsHiAD-vXFrc9TdGJsNFfWQEi4V8_JGz_jJGojHWpqA_mpKPS8rbXxpN8j3jtVkfDIw3gz8Ywx3SUx--KQDMzBwj9vGhtoZfJrwkX1LX3M32WzEw">Wall Street wants a strong economy. It also wants Fed rate cuts. The two aren’t necessarily compatible

Grab Dave’s Book, “Real Estate by the Numbers”

Find Investor-Friendly Lenders

With Mortgage Rates Falling, When Should Investors Refinance?

Connect with Caeli

(00:00) Intro

(01:52) Interest Rate Update

(06:34) Why Rates Went UP

(11:59) Should You Refinance?

(18:17) Current Refi Rates

(19:37) Best HELOC Hack

(29:01) Interest Rate Forecast

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1034

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Oct 21, 2024

00:42:30

What if you could not only replace but make MUCH more than your W2 salary with real estate investing? Now, imagine you could do it all in just two years. Sounds impossible, right? Today’s guest did precisely that, with more barriers than most. Jon Boyd left his W2 job to pursue real estate investing full-time, all while having to provide for his family of six! Now, he’s making much more than his job ever paid him and is building serious wealth in the process. How’s he doing it? It’s simple: direct-to-seller strategies anyone can try.

Unlike many real estate investors, Jon skipped heavily investing during the 2010s, so his wealth is NOT due to the rapid appreciation of 2020 - 2023. As his W2 whittled him down day by day, Jon knew he needed an exit option. So, he tried one simple direct-to-seller marketing strategy, found a great deal, made a serious profit, and decided, “Let’s go ALL-IN!”

Now, just a few years later, he’s a full-time real estate investor, doing over a dozen house flips in a year, with a portfolio of five rental properties, and making MUCH more than his job was paying. The best part? He does almost all of it himself, and if you’re willing to push past your comfort zone, you can, too!

In This Episode We Cover:

The one direct-to-seller marketing strategy Jon uses to find off-market, undervalued deals

How to plan your financial safety nets when quitting your job for real estate

How to talk to a potential seller so they feel comfortable giving you the deal

The one thing you should do before you quit your job (or you’ll regret it!)

How Jon does over a dozen house flips a year with ZERO employees

An unbelievably creative seller finance deal that most investors would never think of

And So Much More!

Links from the Show

Find Investor-Friendly Lenders

10 Steps to Kickstart a Winning Direct Mail Campaign

Connect with Jon

(00:00) Intro

(01:09) Given Golden Advice Early

(03:43) Quitting His W2 Job

(08:54) Taking a Big Risk

(12:21) Looking for Off-Market Deals

(16:10) Profit on Direct Mail

(19:09) How to Talk to Sellers

(22:56) Jon's Current Portfolio & Business

(24:24) Doing 12-14 Flips by HIMSELF!

(28:28) Most Creative Real Estate Deal Ever?

(31:49) Can Anyone Do This?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1033

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

Oct 18, 2024

00:40:01

Are there “clues” that point to phenomenal real estate investing areas? We mean the areas nobody knew about until it was too late. The neighborhoods that seem to jump in price overnight, and everyone ends up saying, “I should have bought there when I had the chance!” What if there was a way to easily identify WHICH areas are in the “path of progress” and could make you serious wealth IF you buy today? We brought in an expert with two decades of experience picking these markets.

James Dainard is a rental property investor, house flipper, private money lender, and every other role you can think of in real estate. He’s been investing primarily in one market for his entire career: Seattle, Washington. But, even though he’s sticking to this specific market, he’s diversified by having investments all around the entire metro area, even in places most people wouldn’t DARE to buy in.

Today, he’s sharing his secrets, showcasing precisely what he looks at to identify these hidden but growing real estate areas WITHIN a market. We’ll discuss whether you should focus on the deal or the neighborhood first, “clues” that point to a solid investing area, why zoning will become your wealth-building best friend, and how to identify markets with solid cash flow or appreciation.

In This Episode We Cover:

The “clues” that point to a rising real estate area most people DON’T know about yet

Whether to choose a neighborhood FIRST or evaluate a deal based on its neighborhood

The magic of “upzoning” and how James uses this to boost his portfolio’s worth

The “path of progress” that will have your home value rising FAR faster than others

What to be cautious of when investing in a new area (these could ruin your real estate deal)

Data sources you can use right now to pinpoint exactly where to buy

And So Much More!

Links from the Show

Grab James’ New Book, “The House Flipping Framework”

Is That Neighborhood Up-and-Coming? Here’s How to Tell

Connect with James

(00:00) Intro

(02:35) Neighborhood or Deal First?

(06:51) “Clues” of a Great Neighborhood

(13:14) This is CRUCIAL

(19:57) The Path of Progress

(25:41) Stay Away from This

(31:44) Do This FIRST

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1032

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Oct 16, 2024

00:49:57

Want to invest in real estate but feel like you don’t have everything it takes? You know you need money for a down payment, skills to manage tenants/perform renovations, and time to find the deals in the first place. But what if you only have one of these? Can you still invest in real estate even without the missing pieces? Today, we’re going to show you how to do just that, no matter how much time, money, or real estate experience you’ve got.

We’re walking through three scenarios with three different investors: Dave Meyer (who had no money/experience), Devon Kennard (who had money but no time/experience), and Tyler Madden (who had skills but limited time/money). Each of these investors was able to build a successful real estate portfolio, all while either being time-stretched, money-stretched, or not knowing how to swing a hammer. They’re sharing the secrets to hiring out/building the other skills so you CAN take down real estate deals, no matter what you’re working with.

If you can combine all the pieces of this “resource triangle,” you have FAR higher chances of succeeding in real estate investing and reaching financial freedom. If you’re a rookie with no real estate to your name, worry not—we’re teaching you what you need to know in today’s episode.

In This Episode We Cover:

The “resource triangle” investing theory and the three things you need to succeed (YOU don’t need all three!)

The most overrated skills in real estate that you can survive without

Building a team and hiring out/outsourcing the resources that you lack

How to start investing if you ONLY have time, money, OR real estate experience

Crucial skills that we WISH we had (you can make a LOT more money with these)

And So Much More!

Links from the Show