BiggerPockets Real Estate Podcast BiggerPockets

Want a quicker way to buy rental properties? One that takes less cash, less time, and is beginner-friendly? Then you’re in the right place! In this Seeing Greene, we’re talking about the “sneaky rental tactic” that can help you build a real estate portfolio in just a few years. And if insurance and property taxes have been eating away all your cash flow, we go through a real-life investor’s situation to determine whether he should hold, fold, or change his real estate strategy. All that, and more, is coming up!

Like most investors in America, your property expenses are rising, but rent isn’t climbing at the same rate. What do you do when your cash flow disappears? That’s what our first investor is asking. Then, a house hacker wants to know how to get into his second property and what rules he has to follow to house hack once again. A rent-by-the-room investor gets given an ultimatum by his potential tenant—what should he do? We’ll also discuss the difference between “cheap” and “bad” houses, what to look for in a home inspection, and what to do when guests throw a party at your Airbnb.

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
Whether to keep or sell a rental property if it no longer brings in monthly cash flow
The “sneaky rental tactic” anyone can use to buy their first (or next) investment property 
How many checking accounts you should have for your real estate portfolio
Renting-by-the-room and what to do when a tenant has make-or-break demands 
The problem with buying “cheap houses” and why we steer clear of them 
What we look at in a home inspection report and what you should always ask the inspector 
How to stop parties and large gatherings from happening at your Airbnb or short-term rental 
And So Much More!

(00:00) Intro
(01:51) Sell My Low-Cash-Flow Rental?
(07:30) The “Sneaky” Rental Tactic
(12:55) How Many Checking Accounts?
(15:05) Buying “Cheap” Houses
(21:50) Home Inspections 101
(27:58) Ask Airbnb Guests for ID?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-965
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One investment property could change your life, especially if you buy the right one. Logan Koch, an investor in Pittsburgh, Pennsylvania, was buying investment properties for one specific goal: To retire his parents. With a $45,000/year cash flow target in mind, Logan and his parents went to work, finding small multifamily rental properties to buy, fix, and increase rents on. But one day, Logan stumbled across a commercial real estate deal that nobody wanted, one with huge signs of opportunity.

In today’s show, Logan lays down step-by-step exactly what he did to find this unwanted and unnoticed commercial real estate investment, how he was able to DOUBLE the cash flow on it, the massive return on investment he’s walking away with, and even how he got the city to lower his property taxes by two-thirds! The best part? None of what Logan did requires expert-level investing knowledge. Anyone, even a complete real estate investing beginner, can follow Logan’s same thought process to find and buy undervalued real estate deals.

Do you want to start building some retirement (or early retirement) cash flow for yourself or your parents? These are the exact types of deals you should be on the lookout for! Stick around as we discuss Logan’s almost unbelievable return on this cheap investment property everyone else was overlooking! 

In This Episode We Cover
Telltale signs that a property’s expenses are WAY too high (and how to lower them significantly)
Setting a cash flow retirement goal that’ll allow you to retire (or retire early) on your timeline 
How Logan cut his property tax bill on this investment by over sixty percent! 
Seller financing and how to get creative when buying commercial real estate 
BRRRR-ing a big property and how Logan bought $15,000/year cash flow for just $20,000!
And So Much More!

(00:00) Intro
(01:58) Investing to Retire His Parents
(05:50) Small Multifamily, Big Cash Flow
(11:42) Finding the Opportunity
(19:01) Cutting Property Taxes by 66%
(22:22) A 75% Return!?
(29:19) The Rental Retirement Plan

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-964
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Real estate investing in 2024 isn’t as easy as a few years ago. When interest rates are low, housing inventory is high, the economy is booming, and everyone’s happy, real estate investors can take considerably more risks with bigger payoffs. But now, only the most savvy investors are finding cash flow, appreciation potential, and wealth-building properties. So, with little hope in sight for lower rates or home prices, how do you ensure you’re building wealth, not getting burnt, in the challenging 2024 housing market?

If there’s one person who knows how to invest during tough times, it’s J Scott. He literally wrote the book on recession-proof real estate investing and has flipped, landlorded, and syndicated through booms, busts, and the in-between periods. Today, J is laying down his six rules for real estate investing in 2024, which he’s following himself to ensure his portfolio doesn’t just survive but thrive, no matter what the housing market throws his way.

First, we dive into the factors causing such a harsh housing market and whether J thinks home prices will rise, flatten, or crash. Next, J walks through the six rules for real estate investing in 2024. We’ll talk about appreciation potential, rising expenses like insurance and property taxes, the riskiest investing strategies of today, loans that’ll put your real estate deals at risk, and why you MUST start paying attention to your local housing laws. 

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

In This Episode We Cover
The six rules for successful real estate investing in 2024 from a time-tested expert
Inflation, interest rates, home values, and why the housing market has significantly slowed down
What rising expenses like insurance premiums, property taxes, and labor will do to your rentals
The one thing you CAN NOT assume when analyzing real estate deals (big potential mistake)
Adjustable-rate mortgages (ARMs) and why J is avoiding these at all costs
Rent control, short-term rental regulations, and housing laws that could put your rentals at risk
And So Much More!

(00:00) Intro
(01:30) What Affects the Housing Market?
(11:20) 1. Don’t Bet on Appreciation 
(15:46) 2. Expect Higher Expenses, Lower Rent
(20:37) 3. Know the Risks of Flips 
(26:46) 4. Avoid Adjustable-Rate Loans
(28:48) 5. Buy What You Can Hold 
(33:15) 6. Pay Attention to Local Laws 

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-963
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Want to reach financial freedom faster? The BRRRR method is how you do it. Seriously—the BRRRR strategy is almost too good to be true, which is why so many real estate investors use it as the stepping stone to start building wealth. In short, the BRRRR (buy, rehab, rent, refinance, repeat) method allows you to reuse and recycle your money repeatedly, turning one sum of cash into multiple investment properties or an entire portfolio! This allows you to build your real estate portfolio faster WITHOUT having to wait around to save up tons of capital to invest.

But how do you use the BRRRR method to build wealth, passive income, and financial freedom? We’ve got a financially free investor, Dave Meyer, on the show to walk through the three steps of completing a BRRRR real estate deal. From finding the properties to analyzing them for maximum profit potential and refinancing to get your money back out, these are the steps a beginner needs to take to do their first BRRRR deal. Plus, we’ll even show you a tool that runs the numbers for you in just minutes so you can get your first or next investment property even faster!

Want to do BRRRR deals like the pros? Sign up for BiggerPockets Pro to unlock unlimited BRRRR calculator usage and access all the elite investor tools by using code “BUYPOD24” at checkout. Plus, you’ll score a sweet discount and over a thousand dollars in bonuses! 

In This Episode We Cover
The BRRRR method explained and how to use it to “invest on repeat” 
Why BRRRR may be one of the best ways to reach financial freedom FAST
The risks of the BRRRR method (and easy ways to get around them)
How to find perfect properties for the BRRRR method (and Dave’s favorite way to find deals)
Analyzing a BRRRR deal from start to finish (in just minutes!) with the BRRRR calculator 
How to get funding for your first or next BRRRR deal with these investor-friendly lenders 
And So Much More!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-no-number
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Imagine living in a home where your next-door neighbors are your best friends or family members. We know you’ve thought about it before—starting a compound with all the people you love, everyone helps each other, watches each other’s kids, the community stays safe, and you barely have to drive! This is exactly what co-ownership homes, co-buying, and co-living can do for you! But getting a dozen or so people together to do a real estate deal can be a little tricky; that’s why we have Phil Levin, founder of Live Near Friends, on the show to help.

Phil lives in his own housing “cluster” with nineteen (yes, nineteen) of his closest friends. He believes that being near your loved ones helps you live a happier, safer, and more contented lifestyle—and we agree! There are massive positives to living in a neighborhood with your friends. We’re talking free babysitters, consistent helping hands, less driving and more walking, and, of course, being able to see your best friends almost every day of the week. But practically, how does one start building a community like this?

Phil walks through the different setups anyone can try to begin living with and around their friends and family, from co-buying with one or multiple others to starting a “minihood” and making your own part of the block, or building an ADU (accessory dwelling unit) for a close friend or two to live in. He even talks about the rising demand for this type of co-living and what developers and real estate agents can do to make serious profits from this growing trend. 

In This Episode We Cover
Co-ownership, co-living, and co-buying explained and how to live with your best friends 
The massive benefits of living near family and friends (especially if you have kids!)
The “law of proximity” and boosting your lifestyle by co-living with more happiness and less stress 
Creating a “minihood” where you and your friends all live within walking distance
How real estate developers can get a jump on this fast-growing co-ownership trend 
And So Much More!

(00:00) Intro
(01:24) Compound Living 
(04:00) How to Start Coliving 
(07:15) Benefits to Living with Friends 
(10:51) “Cobuying” with Friends/Family
(16:39) Huge Demand for This Housing 

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-962
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One of the biggest hurdles to rental property investing? High down payments. Most lenders want you to come to the table with twenty to thirty percent down, but with home prices averaging around $400,000, it might not be easy to come up with $80,000 to $120,000 on your next deal, especially with today’s high cost of living. So, how do you skirt the high down payment requirements while still locking up solid real estate deals? We’re showing you how in today’s Seeing Greene!

First, a Hawaii investor struggles to scale his real estate portfolio with the state’s significant down payment requirements. David and Rob give him some creative ways to still get deals done. A median-income-earning new investor wants to know whether to buy a new construction home or BRRRR his way to wealth. Then, we debate whether a high down payment with cash flow beats a low down payment with negative cash flow. Looking for a better interest rate on your next deal? We’ll share the seller finance strategies you can use to buy off-market properties, plus whether or not you can buy two houses at once with the same preapproval. 

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! 

Support today's show sponsor, Rent to Retirement, by checking out their turnkey rental properties for sale!

In This Episode We Cover
How to get around high down payment requirements on your next deal
BRRRRing (buy, rehab, rent, refinance, repeat) vs. buying new build homes 
Weighing the pros and cons of a high down payment with higher cash flow 
The ONLY type of investor who should purchase negative cash flow properties
Seller financing 101 and how to find these hidden deals with rock-bottom rates
Buying two houses with the same preapproval and whether it’s even possible 
And So Much More!

(00:00) Intro
(01:07) How to Avoid High Down Payments
(11:36) BRRRR or Buy a New Build?
(20:35) Take Negative Cash Flow? 
(24:50) Comment Section Callout 
(27:36) Getting Seller Finance Deals  
(34:24) Buying Two Houses at Once?
(36:53) Ask Us Your Question! 

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-961
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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