BiggerPockets Real Estate Podcast BiggerPockets

The BRRRR method is one of the most celebrated, highly-effective real estate investing strategies the world has ever known. Never heard of it? BRRRR stands for “Buy, Rehab, Rent, Refinance, Repeat” and is a simple framework to allow any real estate investor, no matter their skill level, to get into real estate investing for no money at the end of the deal. This down payment recycling system allows you to use the same amount of cash to build a real estate portfolio that’ll expand to infinity. And for a while, the BRRRR method was yet to be bested—until now.
Janice Stitzer may have cracked the code. As a house-hacking California native, Janice was pushed out of the golden state right before the last crash when housing prices were high, cash flow was low, and traffic was at a standstill. She and her husband decided to boost their quality of life by relocating to Colorado, where they started a construction company and a BRRRR-ing empire. Then in 2008, when lending screeched to a halt, her BRRRRs died down. But some years later, a new idea hatched—the BRRRR 2.0.
Using this simple strategy, Janice got a brand new short-term rental that cash flows like crazy, all while gaining $200K in equity before her first guest checked in. This repeatable system can be used by almost anyone and doesn’t require much experience. With just five properties, this “BRRRR 2.0” investing style could make you a millionaire. But you won’t know how it works if you don’t tune in! So, stick around!
In This Episode We Cover:
The BRRRR 2.0 method and how it unlocks MASSIVE amounts of equity 
House hacking in expensive markets and the lowering your cost of living (even in LA)
The BRRRR strategy explained and why it’s still one of the most profitable ways to invest
The five things to look for when developing land or investing in new construction 
Why you NEED a great general contractor at your side ANY time you plan on building 
Short-term rental investing and why the cash flow beats consistent long-term rentals 
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
BPCON2023
Listen to All Your Favorite BiggerPockets Podcasts in One Place
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
David's BiggerPockets Profile
David's Instagram
David’s YouTube Channel
Work with David
Rob's BiggerPockets Profile
Rob's YouTube
Rob's Instagram
Rob's TikTok
Rob's Twitter
How to Succeed in Real Estate Investing Using the BRRRR Method
14 Questions to Ask Before You Hire a General Contractor
4 Vital Points to Consider BEFORE Getting Into New Construction
Book Mentioned in the Show:
Buy, Rehab, Rent, Refinance, Repeat by David Greene
Connect with Janice:
Janice's Instagram
Janice's Website
 
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-743
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Financial freedom is the goal we’re all after. Whether you want to replace your nine-to-five income, retire your spouse or family members, spend more time with your loved ones, or just have enough money to travel the world, reaching financial independence is truly the American dream. And the wisest, most stable way to find financial freedom? Real estate investing! For generations, rental property investing has been the foundation of many millionaires’ portfolios, and you can repeat their path with four simple steps.
To give you the complete rundown on the four steps to financial freedom, we’ve got Dave Meyer, VP of Data and Analytics and host of On the Market, on the show. Dave embodies the financially-free life most people dream of. He lives abroad, chooses to work, and eats copious amounts of sandwiches every day. But what most people don’t see is the decade of hard work and dedication that Dave put in to get up to this point. 
Dave will explain exactly how to calculate the passive income you need to find financial freedom, where to start investing in real estate, how to analyze a real estate deal from scratch, and the one tool that EVERY investor can use to build a rental property portfolio faster.
If you want to become a real estate pro in 2023, sign up for BiggerPockets Pro and use code “ANALYSIS20” for a special discount. 
In This Episode We Cover
How to achieve financial freedom through real estate in 2023 
Calculating your FI number and setting the RIGHT type of real estate goals
Picking your real estate market and metrics you MUST use when researching 
Finding real estate deals and the LAPS funnel professional investors use to find perfect properties
How to analyze a real estate deal in minutes using the BiggerPockets rental property calculator 
Cash flow vs. appreciation and which you should pick when deciding on your investment strategy 
And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-742
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The golden age of cash flow real estate investing could be over as we know it. For the past decade and a half, landlords got used to buying standard homes that made a killing in cash flow. Combine that with exponentially appreciating home prices, and anyone who purchased a property in the past ten years looks like an investing oracle. But now, the tide is starting to turn, and rookie real estate investors are struggling to find any house in almost any market that can cash flow. So what happened, and why has the nation’s cash-flowing real estate suddenly disappeared? 
Welcome back to another Seeing Greene, where your “don’t just go for cash flow” host, David Greene, is back to drop some real estate knowledge for ANY level of investor. In this episode, we get into why it’s so challenging to find real estate deals that cash flow in 2023, when to invest in an appreciation vs. cash flow market, and whether or not to sell a property that isn’t profitable. Then, we switch gears and touch on how to vet a private lender you met online and whether or not an out-of-state rental rehab project is too risky for a brand-new real estate investor. 
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 hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
The “Golden Age” of cash flow and why it might finally be over in 2023
How to pivot when you can’t find a “deal” in today’s housing market
Cash flow vs. appreciation markets and which makes for a better long-term bet
What to do when your rental property isn’t profitable and how to know it’s worth selling
Vetting private money lenders and why you should NEVER send money to one
Out-of-state renovations and rehabs and why rookie real estate investors should stay clear of them
Delayed gratification and why it’s the true path to building wealth 
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
BPCON2023
Listen to All Your Favorite BiggerPockets Podcasts in One Place
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
David's BiggerPockets Profile
David's Instagram
David’s YouTube Channel
Work with David
Cash Flow vs. Appreciation
Ability to Delay Gratification Predicts Wealth, Health & Success
Book Mentioned in the Show:
Long-Distance Real Estate Investing by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-741
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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SVB’s (Silicon Valley Bank) collapse has more to do with the housing market than you think. With bank runs becoming contagious, Americans in fear of economic turmoil, and a recession now closer on the horizon, assets like real estate could be affected in ways that most everyday Americans don’t realize. But, to understand what could happen to home prices and the US economy, we’ll need to explain the entire situation.
Back on as expert guests, J Scott, multi-decade investor, and Scott Trench, CEO of BiggerPockets, are here to share their takes on the SVB’s meltdown. More importantly, they explain the events leading up to this bank collapse, how the pandemic created fuel for this future fire, and whether SVB’s collapse could cause a chain reaction that leads to more bank failures, harder economic times, and, surprisingly, higher mortgage rates. 
J and Scott debate whether or not more small banks are at risk, what could happen to HELOCs (home equity lines of credit), mortgages, and other financing options, and whether or not real estate will go down with the ship as our economic situation goes from bad to worse. And, if you’ve been saving up for your next investment property, stick around as J and Scott walk through how real estate investors should be using their money in troubling times like today.
In This Episode We Cover:
SVB’s collapse explained and how it could drag us into a deeper recession 
The effects on real estate and whether or not prices will drop as a result
Mortgage rate predictions and the Fed’s shaky decision to raise or halt rates 
HELOCs (home equity lines of credit), mortgages, and other property financing options that could be in danger 
Whether or not we’re in a recession, and if we aren’t, when the recession could hit
Investing in real estate in 2023 and the moves you MUST make to protect your investment 
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
BPCON2023
Listen to All Your Favorite BiggerPockets Podcasts in One Place
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
David's BiggerPockets Profile
David's Instagram
David’s YouTube Channel
Work with David
Watch J’s First Interview with BiggerPockets
How Did A $200B+ Bank Collapse In 48 Hours? Is Real Estate Going To Be Impacted?
Books Mentioned in the Show:
Recession-Proof Real Estate Investing, Flipping, and More by J Scott
Connect with Scott & J:
J's BiggerPockets Profile
J's Website
Scott's BiggerPockets Profile
Scott's Instagram
Hear Scott on the BiggerPockets Money Podcast

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-bonus-svb
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Eric Quinn turned $500 into over forty rental properties without rich relatives, a winning lottery ticket, or a magic genie. Like many investors after the 2008 crash, Eric was left flat broke, with an unbelievably high adjustable mortgage rate, hundreds of thousands in credit card debt, and just a few hundred dollars to his name. His “bed,” a pile of clothes in an empty apartment, was the one thing that could comfort him while digging himself out of the housing market hole he fell into.
Now, Eric’s life looks a little different. With dozens of cash-flowing rental units, even Eric questions how he got here. His story includes selling snakes, dealing drugs, storage wars, terrible real estate deals, and bad debt, but at the end of it, thanks to making the perfect pivot, he came out on top. He made almost every real estate investing mistake in the book, from buying a property he knew nothing about to purchasing fifteen rental properties in one month (don’t do this) and taking risks that were never worth the reward.
But Eric isn’t here to cry over spilled milk. Instead, he’s here to share EXACTLY how he made it out of a horrible situation and turned his life around to build wealth, have time freedom, and live without worrying. You might be feeling a bit like Eric did, and if you want to know the mistakes you should avoid and the moves you should make to get in a better position, tune into today’s episode!
In This Episode We Cover:
How to build wealth when starting from ZERO (or in SERIOUS credit card debt)
Storage wars and making thousands flipping items found at auctions
The HUGE cash flow of sober living facilities and why they beat regular rental properties
Becoming a real estate agent and why you HAVE to go all in if you want to make more money
Purchasing portfolios and the big mistake Eric made that cost him hundreds of thousands
Property inspections and why you NEVER use a residential inspector on a commercial property
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
BPCON2023
Listen to All Your Favorite BiggerPockets Podcasts in One Place
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
David's BiggerPockets Profile
David's Instagram
David’s YouTube Channel
Work with David
Henry's BiggerPockets Profile
Henry's Instagram
How to Start a Sober Living Home
22 Doors After “Starting from Negative”
Property Inspections—Why They’re Vitally Important & How to Get the Most Out of Yours
Book Mentioned in the Show:
The Gap and The Gain by Dan Sullivan
Who Not How by Dan Sullivan 
Connect with Eric:
Eric's Instagram
Eric's Facebook

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-740
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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The way you manage your multifamily real estate could be the defining factor when growing a bigger portfolio, reaching financial freedom, and leaving a lasting legacy. The “DIY management” style works for most real estate investors until they build a significant stack of multifamily properties. Then, the toilet calls, tenant complaints, and late rent checks get a little exhausting when you’re now taking care of dozens of tenants, not just two or three. So, what’s the right way to scale with multifamily real estate without losing your hair?
We’ve brought back multifamily investing experts Andrew Cushman and Matt Faircloth to explain how new multifamily investors can start to scale by making some strategic hires. Both of these battle-tested investing experts have dealt with their fair share of flaky property managers, late maintenance technicians, and asset managers who care more about a paycheck than building a profitable portfolio. They know exactly what does (and doesn’t) make a good hire and how you can start scaling quicker by outsourcing work you once thought crucial for an owner to do.
Andrew and Matt break down the difference between a property manager and an asset manager and explain why these roles are commonly confused. They also hit on how essential operations are at a time when cap rates are starting to expand and many buyers have fled the market. Finally, they’ll walk through the exact skills you should be looking for in an asset manager, property manager, leasing agent, and maintenance supervisor, so you can focus on growing your portfolio, NOT handling the day-to-day hiccups. 
In This Episode We Cover:
Asset management vs. property management and how these two separate roles create investing synergy 
The changing multifamily market and how “buying a deal” isn’t as easy as it was before
What small multifamily investors can do NOW to build the road to a bigger portfolio 
Hiring a property manager and the twenty-seven questions you MUST ask them before you bring them into your team 
Attitude over skills and how to find the rockstars that want to build your real estate portfolio
Incentivizing success and making sure your workers are paid for increasing value and cash flow 
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
BPCON2023
Listen to All Your Favorite BiggerPockets Podcasts in One Place
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
David's BiggerPockets Profile
David's Instagram
David’s YouTube Channel
Work with David
What Is a Real Estate Investment Asset Manager?
Get your free copy of the 27 Questions You should ask a Property Manager
Book Mentioned in the Show:
Raising Private Capital by Matt Faircloth
Connect with Matt and Andrew:
Andrew's BiggerPockets Profile
Andrew's LinkedIn
Vantage Point Acquisitions
Matt's BiggerPockets Profile
Matt's Instagram
DeRosa Group

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-739
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