BiggerPockets Real Estate Podcast BiggerPockets

Looking for monthly cash flow but live in an expensive real estate market? It sounds like you need to start buying rental property OUT of state. After realizing that real estate investing could be the wealth-builder they needed, Jessica and Shyd Coloma wanted to get in the game. But in pricey Southern California, finding passive-income generating rental properties was next to impossible. So, they began looking out of state. Thanks to BiggerPockets Agent Finder, they met Ohio-based agent Michael Gallagher, and now, just a couple of years later, they have a cash-flowing rental property portfolio!

Michael was able to quickly show the couple which cities offered cash flow, appreciation, and a bit of both, as well as the parts of town that were seeing the most growth. They ended up buying a duplex for under $100,000, saw instant cash flow, and decided they needed more! In today’s show, they’ll walk through all the numbers of their first and second deals, how their rock star agent saved the day multiple times, and what you MUST look for in an out-of-state investing market.

Need an investor-friendly agent? Use BiggerPockets Agent Finder to connect with local agents in your investing area for free! 

In This Episode We Cover
Long-distance real estate investing and how to buy rentals from 2,000+ miles away 
Building your "buy box" so you know exactly what you want in an out-of-state market
Cash flow vs. appreciation and which cities in Ohio offer which benefits 
Finding a property manager remotely and whether local managers beat national ones
Short-term rentals, medium-term rentals, and the strategies to get even more cash flow out of your rental
One huge closing hiccup Jessica and Shyd ran into that you should be on the lookout for
And So Much More!

(00:00) Intro
(01:22) Investing Out of State  
(08:24) $87K First Rental Property! 
(13:07) Finding a Property Manager 
(15:06) 2nd Deal in Columbus 
(23:34) Closing Hiccups and Final Numbers
(29:09) Keep Investing in Ohio?
(31:29) Ready to Invest Out of State? 

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-960
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The 2024 housing market isn’t turning out how most of us thought. At the beginning of the year, real estate investors were hopeful that mortgage rates would fall, affordability would return, and home prices would have a chance to stabilize before going back up. But none of those things happened. Rates are still high, affordability is at a forty-year low, and home prices are slowly rising even with diminished demand. Why is this happening, and what’s causing these market moves? All that and more, with VP of Market Intelligence at BiggerPockets, Dave Meyer, in this BiggerNews episode.

We’re giving you an entire wrap-up of the 2024 housing market (so far) on today’s episode as Dave goes through the data behind affordability, home prices, inventory, sales, and which real estate markets are faring the best. With more and more homeowners “locked in,” the US as a whole is still experiencing low housing inventory—HALF the amount of inventory from just a few years ago. This puts buyers in a tough spot. Should they buy now with limited choices and high rates or wait for mortgage rates to drop? And if they do decide to wait, what happens to rent prices?

Dave answers it all plus shares the region-by-region differences affecting each corner of the US housing market. From high inventory in the Southeast to the often overlooked real estate regions with massive demand, we’ll get into where money is moving and which states you should be most concerned about investing in. All that, and much more, in this BiggerNews housing market update! 

Support today’s show sponsor, Rent App: the free and easy way to collect rent!

In This Episode We Cover
A 2024 housing market update and the data you should pay attention to most
Why home prices continue to rise EVEN with low demand and record-low affordability
Our ongoing affordability crisis and how mortgage rates are stunting home sales
Why inventory is exploding in one specific region of the United States (and what it means for investors)
Slow rent growth and the multifamily overbuilding problem that could affect many investors
Exactly what Dave is investing in this year, plus the one big concern he has for future real estate deals 
And So Much More!

(00:00) Intro
(02:11) Affordability at 40-Year Low
(06:13) Inventory is Rising (Good News)
(08:41) Home Sales Are Up…Kind Of  
(10:48) Rent and Home Prices Increase 
(15:04) Hot and Cold Housing Markets 
(21:51) What Investors MUST Know
(26:42) How to Track the Housing Market 

Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/real-estate-959
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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Hiring a property manager can be one of the best or worst decisions in your real estate investing career. The right property manager can give you the time to scale your portfolio to new heights, all while increasing the revenue on your rental properties. But the wrong property manager can drown you in unnecessary fees, push time-consuming tasks back on your plate, and leave your properties worse off than they were before. How do you distinguish between the two when every property manager tells you they’re the best in the business? In today’s show, we’ll show you how.

After building their real estate portfolios, Luke Rzepiennik and Michael Vialpando struggled to find property managers that fit their standards. They both had portfolios of short-term rentals, but no manager in their area was making the cut. With busy schedules and full-time jobs, neither of them could drop everything to become the perfect property manager. So, instead, they started Renjoy to not only manage their own properties but other investors’ properties as well.

If you’ve struggled to find the right property manager in your area or are at the tipping point of needing one, Luke and Michael can help. They give a masterclass on property management, from the exact questions to ask a property manager to signs of a great one, red flags to watch out for, and when it’s time to stop managing your own properties and start hiring it out. Plus, we’ll share the huge mistake most rental property investors make and the little “fees” that can kill your cash flow when using a property manager incorrectly.

Find a trusted property manager in your area today with BiggerPockets Property Manager Finder!

In This Episode We Cover
How to hire a property manager so you can spend less time managing and more time scaling
What a property manager does and the roles and responsibilities you should expect them to take on 
Questions you should ask any short-term rental property management company BEFORE you hire them
Death by fees and the tiny charges that are draining your rental of any cash flow
When it’s time to hire a property manager and common property management pricing 
And So Much More!

(00:00) Intro
(01:25) Building Their Rental Portfolios
(04:07) Property Management Problems
(11:59) Questions You MUST Ask 
(18:42) When to Hire and Pricing 
(24:53) These Costs Will Kill Your Deal!
(28:26) Medium-Term Rental Management 
(31:25) Saving Your Time 
(36:35) Connect with Luke and Michael!

Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/real-estate-958
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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Have you ever thought about buying rental properties abroad? It might surprise you, but investing overseas could bring in much more cash flow and appreciation than you thought possible. Bobby, a real estate investor from Arizona, moved his money down south, buying in both big cities and small tourist destinations in Mexico. He’s here to share everything you need to know about buying international investment properties and how you, too, can beat the US housing market by moving your money elsewhere.
It’s time to practice your Spanish because, on this Seeing Greene, señor David Verde and Rob Abasolo are here to talk about investing in Mexico’s cash-flowing coasts and appreciating capital city. Bobby details finding properties for sale when investing abroad, how to get a rental property loan (and today’s mortgage rates), the challenges American investors will encounter, and the tourist markets to look for. Plus, we’ll answer some questions from the comments and listeners about buying in a flood zone, financing an ADU (accessory dwelling unit), and how to run your numbers on a build-to-rent property.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
Investing in overseas rental properties and everything you need to know to find deals
Financing investment properties in Mexico and the sizable mortgage rate differences
Signs that your international investment is actually a scam (red flags!)
Tourist markets with solid signs of growth and how to spot them so you can see BIG appreciation
Should flood zones scare you, and when is it worth it to invest in a property in one
Build-to-rent calculations and the top things the experts look at before buying a NEW property
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Property Manager Finder
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Ask David Your Real Estate Investing Question
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Instagram
Rob's TikTok
Rob's X/Twitter
Rob's YouTube
BiggerPockets' Instagram
Access Exclusive Real Estate Investing Tools with BiggerPockets Pro
Try the BiggerPockets Calculators Today
Connect with Other Investors on the BiggerPockets Forums
Grab David’s Book, “Long-Distance Real Estate Investing”
Reach Financial Independence with the BiggerPockets Money Podcast
BiggerPockets Real Estate 932 - Seeing Greene: When NOT to Build an ADU and How to Invest $300K

(00:00) Intro
(01:16) Investing in Mexico!
(03:52) Financing Rental Properties Abroad 
(06:37) Finding Properties in Mexico 
(08:25) Airbnb-ing Abroad Tips
(09:59)  Airbnb Profit Numbers 
(16:27) The Problem with ADUs and HELOCs
(22:41) Buy in a Flood Zone?
(25:21) Build-to-Rent Calculations
(29:58) Ask Us Your Question!

Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/real-estate-957
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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"Subject to" real estate has been exploding in popularity. When mortgage rates began to rise, subject to (often called sub to) came in as the hero to save the day. This real estate investing strategy offered investors the chance to take over low-interest-rate loans from homeowners who wanted to sell their properties. And, with often a minimal down payment required, new and experienced investors lined up to give this fast-scaling strategy a try. Without even knowing it, Tanner Litchfield did the same.
After being brought a home run, three-percent mortgage rate deal, Tanner knew he had to act quickly to secure what would be a massive passive income play. He put down a six-figure down payment to secure it, with another seventy thousand dollars in renovation costs. Things were rolling smoothly until…they weren’t. Tanner lost every penny he put into this property and the property itself while another investor walked away with it in hand. How did this happen, and how do YOU avoid a six-figure creative financing mistake?
In today’s episode, Tanner walks through every difficult detail of this deal gone wrong. He shares the red flags he should have seen in the beginning and the one thing that could have saved him from this deadly deal. If you’re interested in seller financing, subject to, or any other type of creative financing, you MUST listen to this episode, or you could be hit with a six-figure loss, too.

In This Episode We Cover:
Subject to real estate explained and why so many investors are flocking to this strategy
The “due on sale" clause which can easily lose you an entire property if called
Why you MUST understand the zoning and rules for your rental property BEFORE you buy it
The “gray area” of creative financing that is putting new and veteran investors at risk
Why having a solid network in your investing area can stop you from getting burned 
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Property Manager Finder
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Ask David Your Real Estate Investing Question
Dave's BiggerPockets Profile
Dave's Instagram
Henry's BiggerPockets Profile
Henry's Instagram
Hear Dave and Henry On the “On the Market” Podcast
Watch Dave on the “On The Market” YouTube Channel
The Hidden Risks of “Subject To” Real Estate w/Eddie Speed
Creative Financing: How To Use It In Real Estate
Connect with Tanner:
Tanner's BiggerPockets Profile

(00:00) Intro
(01:20) Ditching Dentistry to Invest
(04:35) Finding Creative Financing
(06:15) A Perfect Deal on Paper
(10:15) Scoring a 3% Interest Rate?
(12:39) Things Go Really Wrong
(21:15) A Massive "Gray Area"
(25:43) A Chance of Recovering?
(30:25) What Tanner Would Do Differently

Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/real-estate-956
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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Which will make you richer: real estate vs. stocks? We brought the fine folks from The Motley Fool on the podcast to get into a serious debate over which asset makes you more money, which is easier to invest in, and which saves you the most in taxes. We’ll go head-to-head against The Motley Fool’s Jason Moser and Matt Argersinger to finally answer the age-old question: Should you invest in stocks, real estate, or both?

For this debate, we had to bring out the big guns. That’s why Dave Meyer and BiggerPockets CEO Scott Trench will be on team real estate for this debate, as Chris Hutchins from All the Hacks moderates to ensure things stay fair. Although we’d love to admit that we crushed this debate, there are some moments when the stock investors will surprise you, showing that real estate may not be for everyone and how stocks beat real estate in numerous ways. But that doesn’t answer the question, “Does real estate make you richer?” Don’t worry; we’ll get into all that in this debate. 

Stick around as we get into the topics you care about most: building wealth, barriers to entry, volatility and risk, diversification, REITs vs. rentals, leverage and liquidity, time commitments, tax advantages, and more. If you’re itching to park your cash in an investment, hear out the debate BEFORE you make a move!

Support today’s show sponsor, Rent App: the free and easy way to collect rent!

In This Episode We Cover
The ultimate real estate vs. stocks debate (and which will make you richer)
Barriers to entry and which asset class is the EASIEST for beginners
Volatility and risk, and the sizable advantage real estate has for stable pricing 
REITs (real estate investment trusts) vs. rentals and the more “passive” type of real estate investing 
How much time it actually takes to succeed at stock investing and landlording 
The MASSIVE tax advantages to real estate investing that stocks cannot beat 
Why BiggerPockets CEO Scott Trench invests more in stocks than in real estate (!?)
And So Much More!

(00:00) Intro
(02:20) Stocks vs. Real Estate Investing 
(04:08) Building Wealth 
(08:43) Barriers to Entry 
(14:50 )Volatility and Risk 
(20:41) Diversification
(23:42) REITs (Real Estate Investment Trusts) vs. Rentals 
(32:57) Time Commitments 
(35:53) Leverage and Liquidity 
(41:12) Tax Advantages 
(43:54) Closing Arguments 

Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/real-estate-955
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