BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

Want financial freedom through real estate investing? Then the BiggerPockets Real Estate Podcast is for you. Sit down every Monday, Wednesday, and Friday with Dave Meyer, the Head of Real Estate at BiggerPockets, as he uncovers tried and true tactics and shares candid conversations with real estate investors who are building wealth in today’s market. Join Dave to walk through deals that went right (and wrong) and learn the strategies you can deploy—start growing your side income today to take control of your financial future. 

  1. Should You Refinance Now? + The Greatest HELOC Hack Ever (No/Low Interest)

    1 DAY AGO

    Should You Refinance Now? + The Greatest HELOC Hack Ever (No/Low Interest)

    “Should I refinance my home NOW or wait?” If you have bought a property in the past two years, every day looks like a better and better time to refinance your mortgage. After the Fed’s big rate cut last month, mortgage rates did the unexpected…they went UP. But, even with these slightly inflated rates, now is looking like a good time to refinance if you bought a home with a higher interest rate. So, should you take the risk of waiting for mortgage rates to drop or lock in these substantially lower rates now? We don’t know what will happen next, so we brought on veteran lender Caeli Ridge to answer some of our more nuanced questions. Caeli summarizes where rates were, where they are today, and where they could be headed. If you want to know what refinance and HELOC (home equity line of credit) rates are right now, stay tuned because she shares exactly what her clients are getting. What about paying no or low interest on your next HELOC? Caeli shares what may be the greatest HELOC hack we’ve ever heard of—one that gives you lots of liquidity while keeping your interest payments at the absolute rock bottom. You may have never heard of anything like it, so don’t miss this one! In This Episode We Cover: Where mortgage rates are right now for refinances and HELOCs The HELOC hack that greatly minimizes your interest in your next equity line  Caeli’s interest rate forecast and where she thinks rates could be in the near future  When waiting to refinance could cost you, and whether rates may go UP again  The metrics that influence where mortgage rates will go next (what to pay attention to) And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Wall Street wants a strong economy. It also wants Fed rate cuts. The two aren’t necessarily compatible Invest in Turnkey Properties with REI Nation Grab Dave’s Book, “Real Estate by the Numbers” Find Investor-Friendly Lenders With Mortgage Rates Falling, When Should Investors Refinance? Connect with Caeli Connect with Dave (00:00) Intro (01:52) Interest Rate Update (06:34) Why Rates Went UP (11:59) Should You Refinance? (18:17) Current Refi Rates (19:37) Best HELOC Hack (29:01) Interest Rate Forecast Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1034 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

    38 min
  2. Making 6 Figures Investing After Quitting His $40K/Year Job for Real Estate

    3 DAYS AGO

    Making 6 Figures Investing After Quitting His $40K/Year Job for Real Estate

    What if you could not only replace but make MUCH more than your W2 salary with real estate investing? Now, imagine you could do it all in just two years. Sounds impossible, right? Today’s guest did precisely that, with more barriers than most. Jon Boyd left his W2 job to pursue real estate investing full-time, all while having to provide for his family of six! Now, he’s making much more than his job ever paid him and is building serious wealth in the process. How’s he doing it? It’s simple: direct-to-seller strategies anyone can try.  Unlike many real estate investors, Jon skipped heavily investing during the 2010s, so his wealth is NOT due to the rapid appreciation of 2020 - 2023. As his W2 whittled him down day by day, Jon knew he needed an exit option. So, he tried one simple direct-to-seller marketing strategy, found a great deal, made a serious profit, and decided, “Let’s go ALL-IN!”  Now, just a few years later, he’s a full-time real estate investor, doing over a dozen house flips in a year, with a portfolio of five rental properties, and making MUCH more than his job was paying. The best part? He does almost all of it himself, and if you’re willing to push past your comfort zone, you can, too! In This Episode We Cover: The one direct-to-seller marketing strategy Jon uses to find off-market, undervalued deals How to plan your financial safety nets when quitting your job for real estate  How to talk to a potential seller so they feel comfortable giving you the deal  The one thing you should do before you quit your job (or you’ll regret it!) How Jon does over a dozen house flips a year with ZERO employees  An unbelievably creative seller finance deal that most investors would never think of  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Grab Henry’s New Book, “Real Estate Deal Maker” Find Investor-Friendly Lenders 10 Steps to Kickstart a Winning Direct Mail Campaign Connect with Jon Connect with Henry Connect with Dave (00:00) Intro (01:09) Given Golden Advice Early (03:43) Quitting His W2 Job (08:54) Taking a Big Risk (12:21) Looking for Off-Market Deals (16:10) Profit on Direct Mail (19:09) How to Talk to Sellers (22:56) Jon's Current Portfolio & Business (24:24) Doing 12-14 Flips by HIMSELF! (28:28) Most Creative Real Estate Deal Ever? (31:49) Can Anyone Do This? Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1033 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

    43 min
  3. BiggerNews: The “Clues” That Point to a Phenomenal Investing Neighborhood

    6 DAYS AGO

    BiggerNews: The “Clues” That Point to a Phenomenal Investing Neighborhood

    Are there “clues” that point to phenomenal real estate investing areas? We mean the areas nobody knew about until it was too late. The neighborhoods that seem to jump in price overnight, and everyone ends up saying, “I should have bought there when I had the chance!” What if there was a way to easily identify WHICH areas are in the “path of progress” and could make you serious wealth IF you buy today? We brought in an expert with two decades of experience picking these markets. James Dainard is a rental property investor, house flipper, private money lender, and every other role you can think of in real estate. He’s been investing primarily in one market for his entire career: Seattle, Washington. But, even though he’s sticking to this specific market, he’s diversified by having investments all around the entire metro area, even in places most people wouldn’t DARE to buy in. Today, he’s sharing his secrets, showcasing precisely what he looks at to identify these hidden but growing real estate areas WITHIN a market. We’ll discuss whether you should focus on the deal or the neighborhood first, “clues” that point to a solid investing area, why zoning will become your wealth-building best friend, and how to identify markets with solid cash flow or appreciation.  In This Episode We Cover: The “clues” that point to a rising real estate area most people DON’T know about yet Whether to choose a neighborhood FIRST or evaluate a deal based on its neighborhood  The magic of “upzoning” and how James uses this to boost his portfolio’s worth  The “path of progress” that will have your home value rising FAR faster than others  What to be cautious of when investing in a new area (these could ruin your real estate deal) Data sources you can use right now to pinpoint exactly where to buy And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Grab James’ New Book, “The House Flipping Framework” Find an Investor-Friendly Agent in Your Area Is That Neighborhood Up-and-Coming? Here’s How to Tell Connect with James Connect with Dave (00:00) Intro (02:35) Neighborhood or Deal First? (06:51) “Clues” of a Great Neighborhood (13:14) This is CRUCIAL (19:57) The Path of Progress (25:41) Stay Away from This (31:44) Do This FIRST Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1032 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

    40 min
  4. 2 Resources OTHER Than Money You Can Use to Get into Real Estate Investing

    OCT 16

    2 Resources OTHER Than Money You Can Use to Get into Real Estate Investing

    Want to invest in real estate but feel like you don’t have everything it takes? You know you need money for a down payment, skills to manage tenants/perform renovations, and time to find the deals in the first place. But what if you only have one of these? Can you still invest in real estate even without the missing pieces? Today, we’re going to show you how to do just that, no matter how much time, money, or real estate experience you’ve got.  We’re walking through three scenarios with three different investors: Dave Meyer (who had no money/experience), Devon Kennard (who had money but no time/experience), and Tyler Madden (who had skills but limited time/money). Each of these investors was able to build a successful real estate portfolio, all while either being time-stretched, money-stretched, or not knowing how to swing a hammer. They’re sharing the secrets to hiring out/building the other skills so you CAN take down real estate deals, no matter what you’re working with. If you can combine all the pieces of this “resource triangle,” you have FAR higher chances of succeeding in real estate investing and reaching financial freedom. If you’re a rookie with no real estate to your name, worry not—we’re teaching you what you need to know in today’s episode.  In This Episode We Cover: The “resource triangle” investing theory and the three things you need to succeed (YOU don’t need all three!)  The most overrated skills in real estate that you can survive without  Building a team and hiring out/outsourcing the resources that you lack  How to start investing if you ONLY have time, money, OR real estate experience  Crucial skills that we WISH we had (you can make a LOT more money with these)  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Invest in Turnkey Rentals with Rent to Retirement or text “REI” to 33777 Grab the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) Book Find an Investor-Friendly Agent in Your Area Mastering These 2 Skills Is Critical to Success in Real Estate Investing Connect with Devon Connect with Tyler Connect with Dave (00:00) Intro (04:54) Got Skills, But No Time/Money? (11:51) Got Money, But No Time/Skills? (18:24) Got Time, But No Money/Skills? (20:23) Getting Your First Deal Done (39:51) Building Valuable Skills (37:18) Most Crucial (and Overrated) Skills Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1030 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

    50 min
  5. The Right Way to Do “Value-Add” Real Estate in 2024

    OCT 14

    The Right Way to Do “Value-Add” Real Estate in 2024

    What’s the best way to build wealth in 2024? For many, it’s “value-add” real estate investing. You might know what this is, but you may have never heard the term before. Value-add investing is when you buy investment properties, improve them, increase the cash flow, equity, or both, and reap the rewards by holding onto them as rentals or flipping them for quick cash. Today’s investor, Tom Shallcross, is doing just this, but he’s making BIG returns (six figures on flips!) and funneling those profits into his sizable rental portfolio. And he’s doing it all in 2024. We know that everyone has told you how impossible it is to invest in real estate in 2024, but Tom instantly proves the naysayers wrong. Not only is he flipping houses, but he’s also buying rentals, BRRRRing (buy, rehab, rent, refinance, repeat), and doing it all in a competitive market—Chicago! So what’s he doing differently? Tom gets the deals before the rest of the investors in his area can, takes on BIG house flips that most investors are too scared to, and constantly reinvests the profits into more real estate. He’s been doing it since 2016 and is STILL finding success in today’s market. How’s he getting the best deals sent to him? How’s he making such large profit margins? We’re uncovering his exact strategy and method in today’s episode.  In This Episode We Cover: “Value-add” real estate investing explained and why it still works in 2024 Knowing your neighborhood “class” and why Tom switched from C to A How Tom is making six-figure profits on house flips even in today’s market  Real estate partnerships and the skillsets you need to build a profitable flipping/rental/rehab business  How to get real estate agents to send you properties BEFORE they hit the market  Using short-term projects (flips!) to fund your rental property portfolio  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Find an Investor-Friendly Agent in Your Area The “Value-Add” Playbook: How to Boost Equity and Bring in MORE Cash Flow Connect with Tom Connect with Dave (00:00) Intro (02:11) "Accidentally" Investing (06:46) Getting Started in Cheap Neighborhoods (09:47) Switching to A-Class Investments (11:59) Finding Deals Before The Rest (18:02) Current Flip Profits + Costs (26:30) Boosting Your Rental's Income (32:24) What's Next? Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1030 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

    41 min
  6. BiggerNews: “Boomtowns” Are Declining…It’s Time to Take Advantage

    OCT 11

    BiggerNews: “Boomtowns” Are Declining…It’s Time to Take Advantage

    Real estate “boomtowns” present a massive opportunity to investors in 2024. A few years ago, buyers were fighting tooth and nail to purchase properties in Austin, Boise, Phoenix, and other red-hot markets. Demand was growing in these cities, and prices were shooting up with no end in sight. But then…it stopped. Prices started declining, vacancy rose, and investors were stuck holding onto properties now worth less than what they paid. The interesting part? These market declines might be only temporary, and those who don’t buy now could be kicking themselves a few years down the road. To give us insight into which boomtowns are worth buying in and which are worth ignoring is Matt Faircloth, multifamily real estate investor. He saw many investors rush to these real estate boomtowns during the peak and are now struggling to fill their rental units as the boom became a bust. He’s identified a sneaky strategy that allows you to buy properties at a discount in these markets to make money while the FOMO investors search for an exit option. We’ll talk about the cities with the most hype, the ones worth investing in, the future boomtowns that most are ignoring, and the massive opportunity of “economic spillover” that could lead you to markets with the best future potential. In This Episode We Cover: The future “boomtowns” that most investors have no clue about (get in early) How boomtowns form and what to look at to tell if one is worth investing in  When is it too late to invest in a growing city (metrics to check before buying) The secondary markets with “economic spillover” boasting huge opportunity The sneaky move Matt is using to buy boomtown properties at a discount  What to do if you bought in a boomtown that is already declining  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Grab Matt’s Book, “Raising Private Capital” Find an Investor-Friendly Agent in Your Area Corporate HQ Relocations Could Signal the Next Real Estate Boomtowns Connect with Matt Connect with Dave (00:00) Intro (02:39) Real Estate "Boomtowns" (06:07) How "Boomtowns" Form (09:44) Cities with the Most Hype (12:11) Hyped vs. Solid Housing Markets (16:33) When Is It Too Late to Get In? (20:41) HUGE Opportunity for Investors (29:26) What “Boomtown” Investors Should Do (35:15) Upcoming Boomtowns Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1029 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

    49 min
  7. How to Invest in Real Estate with $50K in 2024

    OCT 9

    How to Invest in Real Estate with $50K in 2024

    Want to know how to invest $50K in real estate? We’re going to show you exactly how to do it, EVEN in 2024. You can use any of the four strategies we share to start investing in real estate with $50K or less, and you don’t need previous real estate investing experience to try them out. Some of these strategies are best for those who already own a home or are willing to invest out-of-state. But even if you want to stay in your area while investing in real estate, we have an option for you! Okay, so you’ve got $50K (or less) that you’ve saved up for your first real estate deal. Do you immediately start investing? NO. There are a few quick things that you need to do first (don’t worry, they’re free) before you can make your first real estate investment. Following these steps will help you make MUCH better choices on your next investment property and will let you sleep at night if/when things go wrong. After that, you can choose any of the four beginner strategies to start investing in real estate (we’re not just talking house hacking!). We even share an expert tip about some of the best markets to get into as a beginner with solid demand and lower home prices, allowing you to invest if you’re getting priced out (or have too much competition) in the bigger cities! In This Episode We Cover: How (and where) to invest $50K in the 2024 housing market  What you MUST do before you make your first real estate investment  A tax-free way for homeowners to build wealth with properties they already own The solid rental markets that have cheap home prices Why you DON’T have to do it alone, and how to increase your investing budget  The one tried-and-true best beginner investment almost every expert agrees on  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Buy Box Resource  Real Estate Rookie Podcast Real Estate Rookie YouTube Channel Get Free Property Management Software for Landlords with Hemlane Grab Ashley’s Book, “Real Estate Partnerships” Find an Investor-Friendly Agent in Your Area See Ashley and Dave at BPCON2024 in Cancun! Why Your Small Town Is (Probably) the Best Place to Buy Rentals Connect with Ashley Connect with Dave (00:00) Intro (02:50) Can You Start with $50K? (07:44) What to Do BEFORE You Invest (13:02) 1. Add Value to Your Home (19:10) 2. Buy a $160K Rental Property (25:05) 3. Get a Money Partner (32:21) 4. House Hacking (34:47) DON'T Overlook These Markets Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1028 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

    46 min
  8. 30 Units in 7 Years by BRRRRing, Building, Flipping, and Going All-In

    OCT 7

    30 Units in 7 Years by BRRRRing, Building, Flipping, and Going All-In

    After a strong case of “mommy guilt” working as an assistant principal, pregnant with her second child, Deba Douglas knew she needed a way out of the rat race. A run-in with Rich Dad Poor Dad prompted her to begin saving so she could start buying rental properties. She called her lender, found a property, and spent her and her husband's entire savings on the down payment. Little did she know that this one decision would set her life’s course in an entirely different direction. Now, just seven years after first looking into real estate investing, Deba has thirty rental properties and doesn’t work at her W2 anymore! How did she do it so fast, especially with kids to care for, bills to pay, and no prior experience in real estate investing? One BAD piece of beginner advice could have thrown her entire investing career off track, but she quickly learned from her mistake and leveled up at light speed! Deba is sharing how she went from real estate investing zero to hero, doing everything from BRRRR (buy, rehab, rent, refinance, repeat) investing, building new construction rental properties, flipping houses, and becoming an agent herself to help other investors. Want to escape the nine-to-five grind and get on the fast track to financial freedom? Do it all like Deba! In This Episode We Cover: The one critical mistake Deba made on her second deal that could have cost her severely The truth about becoming a real estate agent (and why it isn’t as easy as you think) Regular realtors vs. investor-friendly realtors (you CANNOT mix them up!) When it’s time to quit your job and become a full-time real estate investor Why Deba is still buying in a market that is seeing price declines in 2024 The massive benefits of new construction rental properties (and why they make sense in 2024) And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Grab the Book, “Rich Dad Poor Dad” Find an Investor-Friendly Agent in Your Area See Dave at BPCON2024 in Cancun! Do You NEED an "Investor-Friendly" Agent? Connect with Deba Connect with Dave (00:00) Intro (02:00) Chasing Financial Freedom (05:16) First Property, Then BIG Mistake (14:16) Did It Work Out? (15:59) Quitting Her Job (20:53) Investing and Selling Homes (23:06) Deba's Portfolio (24:18) Building New and BRRRRing (26:50) Investing in a Declining Market (33:38) Goals and Best Beginner Investment Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1027 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

    45 min
4.8
out of 5
16,431 Ratings

About

Want financial freedom through real estate investing? Then the BiggerPockets Real Estate Podcast is for you. Sit down every Monday, Wednesday, and Friday with Dave Meyer, the Head of Real Estate at BiggerPockets, as he uncovers tried and true tactics and shares candid conversations with real estate investors who are building wealth in today’s market. Join Dave to walk through deals that went right (and wrong) and learn the strategies you can deploy—start growing your side income today to take control of your financial future. 

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