BiggerPockets Real Estate Podcast BiggerPockets

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!

Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/real-estate-958
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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.
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Would you buy a house for $100K? That’s right, just twenty-five percent of the median home price in America. Well, we found a couple who does just that, finding fixer-upper properties that often cost less than six figures and turning them into eye-catching, head-turning homes. They even argue that these cheap old homes are BETTER than the newer-built house flips that so many investors are targeting today. So, how do you find your next $100K home, and where do you start looking?

Elizabeth and Ethan Finkelstein, the brains behind HGTV’s Cheap Old Houses and the social media account by the same name with millions of followers, join us on today’s show. Elizabeth and Ethan love cheap old houses, but not for the reason you think. Most investors purely look at the numbers or the profit potential, but Elizabeth and Ethan see beyond that, fixing up old houses to not only collect the significant equity gain but restore communities and bring back long-forgotten styles, materials, and looks.

They’ve bought houses for as cheap as $27,000 and turned them into homes anyone would dream of having. If you’re an investor without much capital and can get a little handy, these old houses could explode your portfolio. But who SHOULD be buying these cheap old houses? Stick around as Elizabeth and Ethan give their expert advice on what to DIY vs. hire out, which old pieces to keep, the best way for beginners to get started with little money, and the decades that built the BEST houses!

In This Episode We Cover
How to get on the path to financial freedom by buying cheap old houses 
Buying houses for just $27,000 and where to find these types of homes 
How old is old enough, and the decades when building quality starts to decline
Using the “live in flip” strategy to buy your first fixer-upper or primary residence 
DIY vs. hiring it out and the tasks that Elizabeth and Ethan enjoy the most 
And So Much More!

(00:00) Intro
(01:24) Why Cheap Old Houses?
(05:16) $150K Houses!?
(07:17) Rehabbing New vs. Old Houses 
(19:03) Who Should Do These Rehabs?
(20:11) Best Ways to Get Started 
(23:38) DIY vs. Hiring it Out
(27:47) Connect with Ethan and Elizabeth!

Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/real-estate-954
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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Could building houses make you more money than buying existing ones? When should someone use the 1% rule in real estate, and when does this metric point to a cash flow disaster? What’s the best way to get more capital or funding for future real estate deals: get a HELOC on your primary residence or look for investor-only DSCR loans? We’re pulling some of the top questions from the BiggerPockets Forums and giving our answers on today’s show!

Expert investors Dave Meyer, James Dainard, and Kathy Fettke from the BiggerPockets On the Market podcast are on today to answer YOUR real estate investing questions. First, we return to the age-old debate, “Does the 1% rule exist anymore?” With high home prices and lagging rent growth, this once foolproof metric could be an outdated calculation inexperienced real estate investors should avoid. Next, can you make more money building houses than flipping houses? 

Are turnkey rentals the best “low headache” real estate investment? We’ll answer that and give our thoughts on when to use a HELOC (home equity line of credit) vs. a DSCR loan (debt service coverage ratio). Finally, for our out-of-state investors, we share the top metrics to look at BEFORE you invest in a new market. 

Want to ask a real estate investing question? Post yours in the BiggerPockets Forums, and we might select it for our next show!

In This Episode We Cover
The 1% rule explained and when you should (and definitely shouldn’t) use it to decide on deals
Building new construction vs. flipping houses, plus which could make you more in 2024
Turnkey real estate investing and whether the lost value-add potential is worth the passive income
HELOCs (home equity lines of credit) vs. DSCR (debt service coverage ratio) loans
Best tools to use and metrics to track when looking into out-of-state investing markets 
And So Much More!

(00:00) Intro
(00:46) Is the 1% Rule Dead?
(08:24) Building vs. Flipping Houses
(14:30) Are Turnkey Rentals Worth It?
(20:56) HELOCs vs. DSCR Loans
(25:07) Local Market Metrics to Track
(30:46) Ask Us Your Question!

Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/real-estate-953
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