BiggerPockets Real Estate Podcast BiggerPockets

Knowing how to buy a business is a lot like knowing how to buy a rental property. First, you’ll need to know the price of the asset, then the cash flow, followed by expenses, and finally the structure. Because buying real estate is perceived as “simpler” than buying a business, most investors decide to go the real estate route—but they could be missing out. Codie Sanchez saw this opportunity when she was working in venture capital and decided to try out the business buying route herself, just on a smaller scale.

Codie can be perceived as your classic “value-add” investor, which much of the real estate investing community can relate to. She finds a business that has a strong foundation but lacks the tech or marketing to grow faster or increase its profits. When a business has a strong underlying value, just like a rental property, it’s easier than most people think to “renovate” it into something that will sell for far higher.

Codie stresses that buying businesses isn’t so different from buying real estate. She also categorizes which businesses real estate investors should buy if they’re looking to maximize their cash flow and minimize their expenses. With some help from Codie, you could be relying on much more than just rent checks soon! 

In This Episode We Cover

What a “value-add business” looks like and how to find undervalued businesses 

Evaluating and analyzing a business purchase and which key metrics to calculate before making an offer

Buying off-market businesses and why most business owners never consider selling (until you ask)

The three questions every investor MUST ask before buying a business 

Buying instead of building and how trying to build a business can cost you much more than just money

Becoming the business owner, not the operator, and outsourcing everything you can 

And So Much More!

Links from the Show

BiggerPockets Youtube Channel

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Bookstore

BiggerPockets Bootcamps

BiggerPockets Podcast

David’s YouTube Channel

Hear Codie’s Interview on The BiggerPockets Business Podcast

How to Use the DISC Profile to Communicate Effectively in Business

“Contrarian Thinking” Newsletter

Quiet Light

BizBuySell

Empire Flippers

Connect with David:

David’s Instagram

David’s BiggerPockets Profile

Connect with Rob:

Rob's Youtube

Rob's Instagram

Rob's TikTok

Rob's Twitter

Rob's BiggerPockets Profile

Connect with Codie:

Codie's Twitter

Codie's Instagram

Codie's TikTok




Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-614

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Buying an investment property is a lot like exercising. At first, you don’t know any of the verbiage, then you start learning the tools, and finally, after some repetition (and help from those around you), you can become a real estate (or jiu-jitsu/weight lifting/yoga) expert! Think of David Greene and Rob Abasolo as your spotters for today’s deep dive into buying a rental property. Their advice will help you lift the weight, even if you feel uneasy at times!

David and Rob, unsurprisingly, started out like everyone else in the real estate investing space. They had no deals, no experience, and not a lot of money. But, over the past decade, both have become experts in their specific investing niches—through trial and a lot of error. Now, they bring you more than a decade worth of combined experience so you can stop hesitating and start taking action.

If 2022 is the year for you to start building wealth and pave your path to financial freedom, then this is THE episode to listen to. David and Rob discuss the five most common rookie real estate mistakes and six bite-sized steps that will allow you, no matter your experience, to buy your first, or next, real estate deal. They’ll also give a full walkthrough on how to analyze a real estate deal, plus a special bonus that will allow you to hyper-accelerate your growth in the real estate investing world!

In This Episode We Cover

The two biggest hurdles that stop people from ever investing in real estate

The wealth-building “pillars” that all investors must know before they start investing 

Five common mistakes that almost every real estate rookie will face

Why new investors should “commit” before they start educating themselves 

Using your network around you to find real estate leads, financing, and contractors

How to analyze a deal for free using the BiggerPockets Rental Calculator 

And So Much More!

Links from the Show

BiggerPockets Youtube Channel

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Bookstore

BiggerPockets Bootcamps

BiggerPockets Podcast

Invest in David and Rob’s Next Property

David’s YouTube Channel

Grab Your Tickets for BPCon 2022

Get a Special Discount on BiggerPockets Pro Using Code “REPOD22“

BiggerPockets Calculator

Find an Investor-Friendly Agent in Your Area

Hear Our Episode with Rent By the Room Expert Todd Baldwin

Watch David’s Interview with CNN on Rising Interest Rates

Work with David’s Team at The One Brokerage on Your Next Home Loan

Connect with David:

David’s Instagram

David’s BiggerPockets Profile

Connect with Rob:

Rob's Youtube

Rob's Instagram

Rob's TikTok

Rob's Twitter

Rob's BiggerPockets Profile




Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-613

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Cash flow and appreciation are at opposite ends of the investing spectrum. One will fuel your current lifestyle while the other will slowly, silently build your long-term wealth. The cash flow vs. appreciation debate has gotten even stronger this year as home prices continue to rise and cash flow prospects dwindle in formerly stable markets. Is there a way to still get the benefits of long-term growth while also taking home a sizeable rent check?

If there’s one man to ask, it’s your host, David Greene, who’s joining us for another episode of Seeing Greene. David knows a thing or two about buying for different purposes, in different market conditions, with different exit strategies. He’s not only asked about how to do this on today’s episode, he’s also asked questions like who should be on the mortgage when buying a rental with a partner, whether to sell or refi a rental, what to do when your DTI (debt-to-income) ratio is too high, dealing with difficult sellers, and how to get comfortable with being uncomfortable. 

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

How to split title and mortgage costs when investing with a spouse or partner 

Whether to focus on one market or several markets with different benefits in each

When to sell or refi a rental property (especially if interest rates are rising) 

How to purchase your next primary residence AFTER you’ve quit your W2 for real estate

Dealing with difficult sellers and how to “convince” them to accept your offer

Why being uncomfortable when investing is a sure sign of growth 

And So Much More!

Links from the Show

BiggerPockets Youtube Channel

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Bookstore

BiggerPockets Bootcamps

BiggerPockets Podcast

David’s YouTube Channel

Grab Your Tickets for BPCon 2022

BiggerPockets Money Podcast

Real Estate Rookie Podcast

Ask David Your Real Estate Investing Question

How to Use a HELOC to Buy Real Estate

How to Embrace the Uncertainty of Change & Make Your First Deal

Cash Flow vs. Appreciation—What Experienced Investors Know That You Don’t

Work with The One Brokerage For Your Next Mortgage

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Connect with David:

David’s Instagram

David’s BiggerPockets Profile




Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-612




See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

House flipping is a very potent form of investing. After just one fix and flip, many investors find themselves hooked, leaving their stable jobs for the profit (and rush) or finishing another flip. This happened quickly to Jason Pritchard, flipper and rental property investor in central California. Jason was working at a sales job he hated and after watching one of the many famous HGTV flipping shows, thought, “Hey, I could do that!”

He gave it a try, using his life savings and retirement funds available to him. It was a success, so he decided to scale up. One flip grew to a few, and now, Jason's team does over seventy-five flips and wholesale deals per year! This incredible volume didn’t happen overnight—it took Jason seven years to go from W2 worker to one of the best flippers in the state! And it’s not just flipping Jason is after. He’s been able to grow a massive rental property portfolio, some eighty-three units, at the same time!

You’re probably wondering how Jason did this so fast. Worry not, as he details every step from how he finds leads, builds a team, pays the taxman, and even compensates employees. If you’re trying to get your foot into the flipping door, Jason’s story should inspire you to do almost exactly what he did. 

In This Episode We Cover

Using the skills from your job and translating them to make real estate riches 

Building a business and the most important step most flippers/wholesalers skip

Funding your flips and why paying taxes might be a good thing when it comes to financing

How to find employees that will grow with your business, even if you feel like you “can’t” hire just yet

Private money lenders and using them to scale your business even bigger 

And So Much More!

Links from the Show

BiggerPockets Youtube Channel

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Bookstore

BiggerPockets Bootcamps

BiggerPockets Podcast

Invest in David and Rob’s Next Property

David’s YouTube Channel

Grab Your Tickets for BPCon 2022

BiggerPockets Money Podcast

Real Estate Rookie Podcast

Airbnb

How to Flip a House & Make a Profit

How to Build a Highly Effective Real Estate Team

How I Find Private Money Lenders to 100% Fund My Deals

Books Mentioned in the Show:

The Go-Giver by Bob BUrg

Think and Grow Rich by Napoleon Hill

Connect with David:

David’s Instagram

David’s BiggerPockets Profile

Connect with Rob:

Rob's Youtube

Rob's Instagram

Rob's TikTok

Rob's Twitter

Rob's BiggerPockets Profile

Connect with Jason:

Jason's Instagram

Jason's Facebook




Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-611




See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Building a house vs. buying a house—which makes more sense for today’s investor? With home prices rising faster than many of us have ever seen before, more and more real estate investors are asking whether or not building their rentals is a smarter idea. And who can blame them? Building a rental property can seem like a great way to minimize acquisition costs, but this is only true in certain circumstances, which many investors just won’t fit into. 

Welcome to Live Takes where Henry Washington, investor and On The Market guest host, joins David Greene for a live real estate Q&A. David and Henry invite four investors onto the show today to talk about each of their passive income predicaments. These topics include buying vs. building a home, how to get out of a bad BRRRR, whether or not it’s too late in life to invest in real estate, and how to invest out-of-country.

Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene or Live Takes. 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

Buying vs. building rental properties and which decision makes sense for which investor

What to do when you go over budget on a rehab, flip, or BRRRR investment

How to invest and scale a real estate portfolio when getting started later in life

Whether to invest long-distance or stick it out in your local market 

Mitigating risk and keeping your cash flow rolling when stuck in a bad deal

How to finance land purchases and using a backwards BRRRR method to do so 

And So Much More!

Links from the Show

BiggerPockets Youtube Channel

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Bookstore

BiggerPockets Bootcamps

BiggerPockets Podcast

Grab Your Tickets for BPCon 2022

BiggerPockets Money Podcast

Real Estate Rookie Podcast

5 Ways to Avoid Going Over Your Flipping Budget

Is it Better to Build New or Renovate Existing Homes as an Investor?

David Greene | BiggerPockets

David Greene Meetups

David Greene Team

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-610




See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Why can’t I use gift funds on my down payment? What are the common housing market crash indicators that real estate investors should look out for? And why does David only invest with the short-term rental king, Rob Abasolo? If you’re joining us today for this episode of Seeing Greene, you’ll hear answers to all these questions and more!

David takes some time out of his day to sit down and answer arguably the most hard-hitting, specific questions we’ve had to date on an episode of Seeing Greene. These questions include how to find synergy between your career and your investing goals, how to not cross the line when working with multiple agents, the best ways to purchase real estate with no (or low) money down, and why David rarely partners up on real estate deals. 

Some of these questions may hit home for you, as most of today’s guests are either rookie real estate investors or young professionals looking to get their start in investing. 

Do you have a question you’d love to ask David? 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

How to "explode" as a real estate investor working full-time in a related field 

Working with multiple agents in a market without crossing the client-exclusivity line 

Purchasing small multifamily deals with no and low money down 

How to get around the “gift funds” rule for rental property mortgages 

The telltale signs that lenders are seeing a housing crash on the horizon 

The problem with real estate partnerships and how to prepare to be in one 

And So Much More!

Links from the Show

BiggerPockets Youtube Channel

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Bookstore

BiggerPockets Bootcamps

BiggerPockets Podcast

Submit Your Questions to David Greene

David Greene Meetups

David Greene Team

Work with David as a Loan Officer

Real Estate Rookie Podcast 73: Partnerships—What to Do Before You Jump in With Another Investor

Get Your Ticket for BPCon 2022

Books Mentioned in the Show:

The Book On Investing in Real Estate with No (and Low) Money Down by Brandon Turner

SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business by David Greene

The Millionaire Real Estate Agent by Gary Keller with Dave Jenks and Papasan

Connect with David:

David’s Instagram

David’s BiggerPockets Profile







Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-609

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.