BiggerPockets Daily BiggerPockets
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BiggerPockets Daily takes the real estate investing wisdom contained in tens of thousands of BiggerPockets Blog articles and converts it into a convenient daily audio experience... because you can't have your face in a screen while you're out there living your busy life. Rental properties, house flipping, wholesaling... it's all here. And unlike other daily podcasts, the information is timeless – so you can learn on your timeline. Skip episodes, take a break, then binge and catch up. Or just make us a part of your daily routine!
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Solving the Housing Crisis: What Lawmakers Must Do to Support Investors and Boost Housing Supply by Kurt Carlton
There’s a critical lack of affordable housing. This housing shortage began following the 2008 financial crisis and worsened during the pandemic, and now, not enough homes have been built to meet current demand. Inventory is slowly rising in Q2, which is helpful, but more inventory alone doesn’t solve the problem.
The government has plans to help create more affordable housing inventory and keep large-scale investors from taking homes away from middle-income Americans. The White House released a budget in March that included plans to support Biden’s Housing Supply Action Plan. Items like significant tax credits for first-time homebuyers and for homeowners who sell their starter homes were created to directly reward and incentivize consumers to move.
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I Would Have Lost Our Investors $5.5 Million—What Would You Have Done In This Situation? by Paul Moore
. What were you doing on the morning of Jan. 17, 2020? While the world was learning about a strange new virus approaching our shores, my business partner, Ben, and I were visiting Louisville, Kentucky. We were meeting our largest operating partner, Mike (not his real name), to walk through a mobile home park his firm was acquiring. Our fund would be the largest investor.
This park looked like many we had invested in, but larger. There were 315 lots, but about 50 were vacant. We saw a typical range of cars—from junkers to Jaguars. People walked their dogs, kids boarded buses, and a maintenance man shuffled around with his coffe
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Detroit Beat Its Post-Pandemic Downtown Doom Loop—Here’s How Investors Can Benefit by Jeff Vasisht
A mayor in handcuffs, a bankrupt city mired in poverty, unemployment, and soaring crime: 10 years ago that was Detroit’s legacy. Today, it is a real estate success story.
Early investors—to quote one of Motown’s most famous songs—are dancing in the street. Developers are pouring billions of dollars into its business district, luring the likes of Ford, Quicken Loans, Blue Cross Blue Shield, and more to take up office space. There’s even a Gucci store—the city’s first. The spillover has resulted in booming residential home prices—up 40% since 2020—and revitalized neighborhoo
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The One Renovation Guaranteed to Increase ROI—No, It’s Not the Kitchen or Bathroom by Corby Goade
Gearing up for your first rehab? Whether it’s a flip or BRRRR, I’ve got earth-shattering news for you that will change everything you thought you knew about value-adds in real estate: If you’re trying to build equity for leverage or to cash out and want to get the best bang for your buck, forget the roof, new furnace, kitchens, or bathrooms. You need to take it outside and spend some real money on landscaping.
But everyone knows kitchens and bathrooms are where the big money is made, right? Don’t get me wrong—you should update kitchens and bathrooms, but we are talking return on investment (ROI) here. Kitchens and bathrooms are high-expense, high-return areas. Landscaping is a low-expense, high-return prospect. You’ll get a better return on landscaping than you will any other rehab expense.
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Real Estate Investors: Use These Loans to Get Your Construction Project Across the Finish Line by William J Tessar
The real estate market is ever-evolving, and there has been a growing trend toward ground-up construction. With existing home inventory remaining at historic lows and no improvement in sight, new construction will be one of the solutions to the current housing crisis—and savvy investors will reap the rewards, with an average of 10% to 20% gross profit on projects done right.
For builders, a successful project is one completed on time and within budget. But that is no easy feat these days. According to the Construction Management Association of America, 98% of construction projects go over budget. To put it another way, that’s 9 out of 10 projects, according to the International Journal of Innovation, Management and Technology.
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Free Money? Can You Build a Real Estate Portfolio with Zero-Interest Credit Cards? By Jeff Vasishta
Juggling 0% interest business credit cards is like juggling torches in a hay-covered barn. Drop one, and the whole place goes up in flames. However, if you are disciplined and know what you’re doing, they could be a great asset in helping you kick-start your real estate investing career.
Getting a 0% Business Credit Card
There’s lots of information online regarding 0% APR business credit cards. Most offer 0% interest for 12-18 months. This makes them well-suited for real estate projects that can be refinanced or sold, allowing you to pay back the cards before interest starts to kick in. These cards are relatively easy to get, provided you have good credit and a business entity.
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