BiggerPockets Real Estate Podcast BiggerPockets

Before you start investing in real estate, make sure you hear this episode. Almost every beginner ends up making these five big real estate investing mistakes. Some cost money, some cost time, but all of them cost you peace of mind and push you further away from achieving financial freedom. We’re breaking down these five big mistakes so you can avoid them and start building wealth faster!

Dave Meyer and Rob Abasolo are back today to discuss the five common real estate investing mistakes to avoid. From buying bad deals to doing wrong calculations, getting stuck in analysis paralysis, and beyond, even our expert investors have fallen into these beginner traps a few times. However, their previous mistakes could make you money as they share exactly how to avoid these rental property investing pitfalls.

If you want to invest in real estate but are stuck, scared that you’ll make the wrong move, jump into today’s episode and take notes. If you can avoid these real estate investing mistakes, you’ll not only end up richer but with far less grey hair than even the most savvy investors. Let’s get into it!

In This Episode We Cover
The five biggest real estate investing mistakes that beginners make (and YOU can avoid)
Why even a profitable rental property can be the “wrong” deal for you 
The one thing that most new investors leave out when they’re analyzing real estate deals
The “sacrifices” you can make to get the money for your first or next real estate deal 
Why you should NOT borrow money to buy your first investment property 
The problem with real estate partnerships and why they’re so easy to get wrong
An antidote to analysis paralysis that’ll stop you from sitting on the sidelines 
And So Much More!

(00:00) Intro
(01:25) 1. Buying the Wrong Deal
(05:57) How to Avoid Bad Deals
(07:14) 2. Analyzing Wrong
(11:09) 3. “Lacking” Money
(23:23) How to Do Partnerships
(25:49) 4. Getting “Stuck”
(29:01) Escaping Analysis Paralysis
(31:12) 5. Doom and Gloom
(34:18) Talk to THESE People

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-970
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Your rental properties are sitting vacant—what do you do? Do you sell or lower your rent price to spark some interest? Will reducing your rent open you up to bad tenants? We’re getting into exactly what you should do in this sticky landlording situation, and many others, in this episode of Seeing Greene. This time, we’re sharing wisdom on what to do when you can’t find tenants, how to invest with just $15,000 in 2024, which rental property mortgage to pay off first, and whether to keep or sell your newly renovated rental.

As usual, your real estate investing experts, David Greene and Rob Abasolo, are on the show to help answer any investing question you can think of. Our first video submission comes from a new investor who is completing his first BRRRR (buy, rehab, rent, refinance, repeat). With only $15,000 in the bank and a desire to build a real estate portfolio, what’s the BEST way to use such a small amount of cash? Next, a landlord with multiple rentals wants to know which mortgage to pay down first: her primary residence or her other rentals. An out-of-state investor with a vacant property struggles to find a tenant even after lowering his rent price. A medium-term rental owner with a burnt property asks whether to sell or re-rent the property after his insurance-paid renovations are completed.

Want to ask David and Rob a question? If so, submit your question here so they can answer it on the next episode of Seeing Greene, or hop on the BiggerPockets forums and ask other investors their take!

In This Episode We Cover
Struggling to find tenants? What to do if you think your rent price is too high 
Building a real estate portfolio with just $15,000 and why you must use the “BRRRR method”
Paying off your mortgage early and whether to prioritize loan balance or interest rate when picking which property to pay off
The huge danger of using a HELOC (home equity line of credit) to pay off a property
What to do after you renovate/rebuild a rental property—keep or sell it?
And So Much More!

(00:00) Intro
(01:24) Build a Portfolio with $15K?
(10:43) Which Mortgage to Pay Off First? 
(20:22) I Can’t Find Tenants! 
(30:00) Sell or Keep Renovated Rental?
(35:30) Ask Us Your Question! 

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-969
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Want to know how to make millions WITHOUT owning real estate? Rental arbitrage is the strategy for you. And maybe you’ve heard about it before, but we promise you’ve never heard anything like this. Today’s guest is bringing in millions of dollars through “guaranteed” rental arbitrage contracts that last YEARS. You heard that right—guaranteed rent for years, often at the highest price on the market. And you don’t need to own a single rental property to try this strategy. So, how do you get started?
If you’re looking to make big money with big deals but don’t have the deep pockets to buy a hundred-unit apartment complex, Noble Crawford has what you need. After choosing his wife’s health over his day job, Noble realized he needed an income stream he could depend on—one that wouldn’t be ripped away from him when life’s challenges arose. He learned about Airbnb investing and, by default, rental/Airbnb arbitrage. When the opportunity came for him to house medical students in need, he jumped at the chance and found a seriously lucrative investing avenue.
In today’s episode, Noble will walk through exactly what you can do to start making tens of thousands, if not millions, with rental arbitrage. Plus, he’ll share how to get the deeply-desired government contracts that guarantee you top-of-the-market rent for YEARS.
In This Episode We Cover
How to use “rental arbitrage” to invest in real estate without owning a single property 
The lucrative government housing contracts that can make you millions (seriously!)
How Noble gets up to $10,000 per month per unit with these lucrative cash flow contracts
Crucial first steps to starting your rental arbitrage empire (don’t get these wrong)
Exactly where to find and how to get in touch with agencies that are looking for housing 
And So Much More!

(00:00) Intro
(01:23) Cash Flow “Contracts”
(04:38) $10,000/Month from ONE Rental?
(09:23) Leaving His Job
(12:20) Moving from Airbnb to Contracts
(18:44) How to Compete for Contracts
(26:30) How to Get Started
(35:01) Connecting with Agencies
(36:53) You NEED This Document

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-968
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Almost overnight, multifamily investing went from red-hot to something not even the most experienced investors would touch. After interest rates went up, rent growth stalled, and apartment supply flooded the market, the apartment investing industry became the ugly duckling of real estate. Owners struggled to get tenants and had huge balloon payments due, and no one was there to save them. But one man predicted that this would happen before anyone else—Brian Burke.

After seeing a crash on the horizon, Brian sold off most of his multifamily real estate portfolio and did it at just the right time. Now, he has a new prediction that could make apartment investors very happy. But a market turnaround won’t come quickly, and if you want to ensure you don’t make the same mistakes most multifamily investors made in 2020 - 2022, you’ll need to hear this BiggerNews episode. 

In this BiggerNews, Brian walks through everything that went wrong with multifamily real estate, signs it’s time to sell your properties, and some hope on the horizon for 2025 that most investors have no idea about.

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

In This Episode We Cover
A multifamily real estate update and Brian’s buying plans for 2024 and 2025
The “sobering reality” of the perfectly timed “traffic accident” that hit multifamily all at once 
Why as soon as you sense “irrational exuberance,” it may be time to sell your real estate 
An optimistic prediction from Brian on when multifamily could finally get back on its feet
Syndication struggles and what every syndicator/investor should be doing NOW 
Why the multifamily oversupply may NOT be a problem in the coming years 
And So Much More!

Links from the Show
Find an Agent
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Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
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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
BiggerPockets’ Instagram
Listen to Dave on the “On The Market” Podcast
See Dave at BPCON2024 in Cancun!
On the Market Podcast 214 – What to Know About “Capital Calls” As Multifamily Syndications Get “Squeezed” w/Brian Burke
Book Mentioned in the Show
The Hands-Off Investor by Brian Burke
Connect with Brian:
Brian’s BiggerPockets Profile

(00:00) Intro
(01:57) "Irrational Exuberance”
(08:52) Investors Get Hungry
(11:34) Developers Come In
(14:34) The Sobering Reality
(19:01) Distressed Properties
(22:02) Don’t Buy Anything?
(23:41) Long-Term Multifamily Predictions
(26:30) Syndication Struggles

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-967
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Think you've got a bad real estate deal? We doubt it comes even close to what we’re about to share. Today, the experts are in to talk about bee-infested rental properties, risky flips, “wholetail” failures, and other ways that they’ve lost money with real estate deals gone wrong. Why are we sharing such horrific stories? Because we want YOU to be able to avoid the same fate on your first or next investment property. Take a seat, get some popcorn, and pray that your properties won’t turn out like this…

First, Henry Washington from the On the Market podcast shares his recent luxury flip…or should we say, luxury “flop.” This property was poised to make him up to a six-figure profit, but it didn’t work out that way. One simple mistake ruined this real estate deal and forced Henry to slowly pay away all his profits to a hard money lender. Next, our own Rob Absolo talks about the dangers of NOT looking at the comps when doing a “wholetail” deal and how you could easily find yourself with a home worth less than what you put into it.

Finally, the deal of all horrible deals comes out…David Greene’s deal. Where do we even start? Permit problems, mold, bee infestations, and NO way out—this short-term rental gone wrong is costing David hundreds of thousands of dollars, and with little light at the end of the tunnel, he may be forced to do something drastic. So, how do YOU avoid these nightmarish real estate deals? Stick around so you know exactly what NOT to do.

In This Episode We Cover
Three of the worst real estate deals our investing experts have ever done
Why not knowing your neighborhood can cost you BIG on your next house flip
The danger of hard money loans and the massive interest they come with
Why you NEED a partner/mentor in your area to confirm a property’s worth
The so-called “landlord-friendly” state that’s actively trying to ruin David Greene 
How nosy neighbors can end up costing you hundreds of thousands of dollars 
Whether or not our investing experts regret investing in real estate after this 
And So Much More!

(00:00) Intro
(01:24) A Risky Luxury Flip
(06:02) Final Numbers and Exit Plans
(09:19) Henry’s Mistake
(11:14) An Overpriced Wholetail
(15:04) Rob’s Mistake
(23:23) The City Ruined My Real Estate
(32:43) David Lost HOW Much!?
(36:19) How to Avoid This
(39:07) Do We Regret It?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-966
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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
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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