BiggerPockets Real Estate Podcast BiggerPockets

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
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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
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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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