Vacation rentals, real estate agent commissions, brokerage fees, insurance quotes, and everything in between just start to scratch the surface of who Christian Bachelder is. Some of you may have seen Christian before on our YouTube channel where he talks about interest rates, loan products, and other future financing projections. But today, Christian gets to talk about how he not only built a large rental portfolio but did so while running multiple businesses.Even as full-time workers, many Americans feel like they don’t have enough time in the day to relax, let alone invest. So how does someone with a jam-packed schedule, a lot of pressure, and a mountain of responsibilities find time to not only buy one rental but fifteen rental properties in a year? To Christian, it took a bit of trial and error, but the answer is simply making your time as efficient as humanly possible.He’s been able to heavily invest, start and run one of the top mortgage brokerages in the country, work as an agent, and provide insurance to clients as well. He drills down into what business owners and investors alike need to do to reclaim their time, and once it’s theirs, use it to the highest and best use. He also drops some financing pro tips that may help you lower the down payment you need or close with a better-than-average interest rate!In This Episode We Cover:Turning your referrals into full-blown businesses that can build your wealthWhy investors should always choose brokers, lenders, and agents who invest themselves The velocity of time and why focusing on “return on time” beats ROI when investingCreative financing and loan programs that can save you serious cash at closingPartnering up to not only buy real estate but build businesses fasterHow to get three times more work done in the same amount of timeAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramRob's BiggerPockets ProfileRob's YoutubeRob's InstagramRob's TikTokRob's TwitterBiggerPockets Short-Term Rental CalculatorWork with The One Brokerage on Your Next LoanBooks Mentioned in the ShowSOLD by David GreeneSKILL by David GreeneBRRRR by David GreeneLong-Distance Real Estate Investing by David GreeneNever Split the Difference by Chris VossConnect with Christian:Christian's EmailChristian's BiggerPockets ProfileClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-641Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

BiggerPockets Real Estate Podcast

641: 15 Rentals in 1 Year (While Running 3 Businesses!) by Putting Time First

Knowing how to buy your first rental property can be the difference between you building a life of financial freedom or merely treading water working for active income. The life of a real estate investor isn’t glamorous, but it leads to generational wealth, time freedom, and the ability to do what you want, when you want, with who you want. The first step to becoming a real estate investor is buying your first real estate deal. This first step is where ninety-nine percent of people stop, but it’s where you will start.Dave Meyer, VP of Data and Analytics and host of On The Market, has built a financial freedom-permitting property portfolio over the last decade. He doesn’t have thousands of units, but even with his medium-sized portfolio, he’s been able to travel the world, live abroad, and continuously build wealth. He’s here to teach you exactly how to do the same by buying your first, second, or third real estate deal in the next 365 days!If you’re able to do so, you will see your life start to change before your eyes. Money will be easier to find, deals will come your way, and passive income streams will be dug in your direction. If you’re able to buy your first (or next) deal like Dave describes, put systems in place for future purchases, and slowly build a team around you, your dream rental property portfolio won’t be too far away.In This Episode We Cover:The 3 “Ds” of real estate investing and how to get over their obstaclesWhy every smart investor continues to buy even in murky housing markets like todayBuilding the “LAPS” funnel that will send real estate deals your wayHow to analyze a rental property for free using the BiggerPockets rental property calculatorThe different types of ways you can buy real estate with no money down Why the first three real estate deals matter more than most people thinkAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramListen to Dave on The “On The Market” Podcast: Spotify, Apple Podcast, & BiggerPocketsBiggerPockets Rental Property CalculatorBiggerPockets Rent EstimatorBiggerPockets Agent FinderBiggerPockets Deals for SaleAlready a Pro Member? Use Code “PRORENTAL” to Get All the Upgrades Mentioned in This VideoBooks Mentioned in the ShowReal Estate By The Numbers by Dave MeyerBRRRR by David GreeneConnect with Dave:Dave's BiggerPockets ProfileDave's InstagramClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-640Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

640: How to Buy Your First 3 Rental Properties (Step-by-Step) This Year!

REITs have long been a passive income generator for many who don’t want to deal with the trash, toilets, and tenants that come with rental property investing. No 2 AM phone calls, no listings, no showings, and no sales. With REITs (real estate investment trusts) you simply click a button, buy a share in the company, and wait for your passive income (dividends) to flow into your account. Seems pretty sweet right? Matt Argersinger from The Motley Fool agrees.Matt isn’t your typical stock investor. He’s owned multiple rental properties and has even house hacked and put in some serious sweat equity. He knows that leverage and forced appreciation are huge wealth builders in the realm of real estate, but still chooses to invest in REITs instead of rentals. Why? Matt is focused more on creating passive income—as in TRULY passive income—no tenant surprises or maintenance calls to make. Matt wants to research, invest, and let his net worth grow, all while still receiving real estate-generated cash flow.Maybe you’re skeptical. How can passive investing be so easy? If you’re brand new to REITs, Matt does a phenomenal job at explaining what they are, how they work, which types to buy, and what you can do to get started investing today. Regardless of your knowledge of the stock market, if you like income-producing real estate, this episode is for you.In This Episode We Cover:What are REITs (real estate investment trusts) and how they workWhy buy REITs instead of rentals, plus the benefits of bothCheap REITs that are becoming undervalued as the stock market crashes Mortgage vs. equity REITs and why higher cash flow could mean higher riskThe dangers of day trading and how long investors should hold onto REITsThe key metrics any investor needs to research before investing in a REITAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramHenry's BiggerPockets ProfileHenry's InstagramHear David on “Motley Fool Money”Join the Real Estate Winners and Grow Your REIT PortfolioInvest in Real Estate Without Leaving Your ComputerPassive Real Estate Investments vs REITsData Center REITs Are On Fire—Should You Invest?Connect with Matt:Matt's Website Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-639Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

639: Passive Income (Without the Properties!) by Investing in REITs

Rental property investing is a great way to make cash flow, or so it seemed in the pre-2022 world. Interest rates are rising, home prices have skyrocketed, and rent can’t keep pace with this market. Brian Davila saw this in his portfolio and knew he needed to do something about it. Buying “traditional” rental properties wasn’t going to cut it, especially when the monthly cash flow was a measly few hundred dollars. How many houses would it take to grant him a life of financial freedom?To most people, Brian Davila looks spoiled for choice. He’s a young guy, doing forty or so flips per year, bringing in big active and passive income checks. If you think that Brian can’t relate to the average investor, you’re wrong. Brain immigrated to the United States at just six years old, dropped out of high school in the ninth grade, and had his first child at nineteen. He was working at Las Vegas day clubs making ten dollars an hour before he decided to become a real estate agent.After cold calling hundreds of sellers a week, Brian was able to grow his clientele and eventually become a top agent. The only problem? He had no time for his family. He made the switch to start flipping and buying long-term rentals but had to pivot once again to a different strategy that would make him more cash flow even as home prices rise. Brian knows what it takes to become very successful in real estate in a short amount of time, and if Brian can do it, anyone can. In This Episode We Cover:How to become a successful agent and why most people shouldn’t get their license Transitioning from trading your time for money to letting your money give you back timeBrian’s biggest mistake when growing a fast-paced real estate investing business Flipping forty homes a year and how to get around permitting pain points Short-term rentals vs. long-term rentals and which will survive in 2022Lowering your tax bill as a real estate investor and avoiding capital gains And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramRob's BiggerPockets ProfileRob's YoutubeRob's InstagramRob's TikTokRob's TwitterReal Estate Rookie 113BiggerPockets Podcast 616How to Calculate Numbers on a Rental PropertyRob’s Video on The New Airbnb RedesignBook Mentioned in the ShowSKILL by David GreeneSOLD by David GreeneFlip Your Future by Ryan Pineda$100M Offers by Alex HormoziConnect with Brian:Brian's BiggerPockets ProfileBrian's InstagramClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-638Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

638: Making a Profitable Pivot Out of Regular Rentals and into Vacation Investing

Most new investors don’t know how to find private money for real estate. They think private money is only reserved for those with a Rolodex full of rich or well-off business people, investors, or relatives. Using this line of thinking, most real estate investors will simply buy a deal, save up for years, and do it again. If you want to get on the fast track to a respectable real estate portfolio—private money is the way to go.But you don’t have to take our word for it. Amy Mahjoory, private money expert, is back on part two of her financing and funding masterclass. Amy has grown her real estate portfolio quickly, thanks to private money. On just her second deal she was able to pay for a significant portion of the property using her private lender. Now, she urges investors, no matter their experience level, to do the same.This time, Amy walks through five strategies that any investor can use to connect with private money lenders today. These strategies are simple—so simple that almost anyone can use them and find success quickly. They don’t require lots of money, time, or experience, but you need to be aware of them next time you’re in a perfect situation to make your pitch. Try these five strategies today, and you may see your inbox flooded with private money offers! In This Episode We CoverWhy raising private money is easy when you’ve built the right systems and strategiesReferrals and why word-of-mouth is one of the most powerful marketing tacticsConnecting with non-real estate-related professionals to raise moneyHow one small “investment” in attending an event can open you up to dozens of lenders at onceBuilding an online presence so you’re known, liked, and trusted by a large community Hosting and attending meetups, no matter the industry or your experience, to find private moneyAnd So Much More!Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-637Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

637: Private Money Explained: 5 Simple Ways to Find Private Money Today (Part 2)

Raising capital for real estate is at some point what every investor must do. When you’re buying your first rental property, you can easily use your cash savings or a conventional loan to close on the property. But, on your second, third, fourth, or one-hundredth deal, finding the money (or financing) to get the deal done may start to get a little difficult. So how do you come up with the money to buy more rental properties, house flips, or commercial real estate, WITHOUT asking your parents, grandma, or friends for cash?Amy Mahjoory has raised $20M from private money lenders, none of which are related to her (she makes sure of that). Think of Amy as a capital connector, getting to know as many existing, or potential, private money lenders as possible. We know what you’re thinking, “private money lending sounds complicated, don’t only big investors do that?” Think of a private money lender as anyone who has money, isn’t doing much with it, and wants to make more of it.These lenders could be your taxi driver, your dentist, or maybe a friend of a friend. Private money is all around you, and if financing or cash reserves is what’s stopping you from doing more deals, we urge you to take the four steps that Amy outlines today. There’s a good chance you already know a private money lender!In This Episode We Cover:What is private money lending and why it’s so different from traditional financingBuilding a reputation that’ll turn a stranger into a trusted lender quicklyThe “four-second power pitch” that’ll land you lenders immediatelyHow to make your lending process legit and the documentation needed to do soAddressing investor fear and how to make lenders feel confident in youThe key to open, honest, and powerful communication when talking to any potential lenderAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your Area“On The Market” YouTube ChannelDavid's BiggerPockets ProfileDavid's InstagramRob's BiggerPockets ProfileRob's YoutubeRob's InstagramRob's TikTokRob's TwitterAccess Brandon Turner’s Free MasterclassHow to Find Private Money Lenders and Finance Your Deals10 Ways to Build a Reputation as Your Market’s Premier Real Estate InvestorHard Money vs. Private MoneyBooks Mentioned in the ShowRaising Private Capital by Matt FairclothRich Dad Poor Dad by Robert KiyosakiConnect with Amy:Amy's WebsiteAmy's LinkedInAmy's InstagramClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-636Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

636: Private Capital Explained: The 4-Second Pitch to Unlock Unlimited Funds (Part 1)

Building a rental property empire isn’t easy. Whether you dream of owning five, ten, or two hundred rental units, there is a way to get there—you just need to know what it is. It took Sam Primm seven years to figure out the smartest way to invest in real estate, and now he’s here to share it with you! Sam, like many people, didn’t hate his nine-to-five job but knew that being on some else's schedule wasn’t bearable for the rest of his life.Sam partnered up flipping a few houses here, buying a few rental units there, and wholesaling for some extra cash. Three years into his real estate side business, Sam took the leap and went full-time into investing. Since then, he’s been able to buy over $20M in real estate, totaling his portfolio to a whopping $40M. This may seem unachievable to the average real estate investor, but Sam makes it clear that he isn’t special and is just a regular guy buying rentals.Through his real estate tenure, he’s been able to define exactly what the average investor needs to do to scale their real estate portfolio. His “SCALE” system isn’t complex, but it will help you double, triple, or quadruple the amount of real estate you own in a very short amount of time. Itching to go full-time into investing like Sam did? Tune into this episode, he’ll show you exactly how he did it.In This Episode We Cover:What to know BEFORE you quit your job to go full-time into real estate investingThe “SCALE” system that allows you to grow your real estate portfolio faster The best way to meet private money lenders, investing experts, and future partnersGetting your spouse on board the real estate investing trainWhy fear is the most important feeling for new real estate investorsUsing social media to grow your network so you can scale fasterAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your Area“On The Market” YouTube ChannelRob's BiggerPockets ProfileRob's YoutubeRob's InstagramRob's TikTokRob's TwitterHenry's InstagramHenry's BiggerPockets ProfileBook Mentioned in the ShowRich Dad Poor Dad by Robert KiyosakiTraction by Gino WickmanConnect with Sam:Sam's InstagramSam's YouTubeSam's BiggerPockets ProfileClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-635Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

635: How an "Average Joe" Can Build a Multimillion Dollar Rental Portfolio

Investing in apartment buildings may seem like a big jump to everyday real estate investors. Mom and pop landlords—used to buying single-family houses or duplexes—may see apartment buildings as far outside their reach. And this, for the most part, has been true over the past two years. With high competition, equally high prices, and syndication deals popping off every other second, regular investors haven’t been able to invest in large multifamily real estate—until now.Andrew Cushman and Matt Faircloth started as solo-investors like most of us. But, over the past decade, they’ve both grown large multifamily portfolios, and know exactly how hard it's been over the past two years. They’re finally starting to see some cracks in the institutional armor of multifamily, allowing small-time investors to get deals while everyone else is fleeing from high interest rates and an oncoming economic downturn.If you’ve been waiting to level up your investment portfolio, make big equity gains, and bring in massive passive income, then this is the episode for you. And, if you feel like you’re too new to invest, the BiggerPockets Multifamily Bootcamp, hosted by Matt Faircloth, will give you everything you need to go from onlooker to investor!In This Episode We Cover:Multifamily “tailwinds” that are making apartment investing easier in 2022 and 2023The hidden opportunity of multifamily that most investors don’t pay attention toHow creativity became crucial in the real estate industry and using it to score better dealsWhich multifamily properties are safe from an economic downturn and inflation The seven ways that you can mitigate multifamily risk when investingHow to start building your multifamily strategy today so deals flow to you as competition thinsAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsDavid's BiggerPockets ProfileDavid's InstagramSign Up For the BiggerPockets Multifamily BootcampBiggerPockets Podcast 88BiggerPockets Podcast 203BiggerPockets Podcast 289BiggerPockets Podcast 170BiggerPockets Podcast 279BiggerPockets Podcast 586Vantage Point AcquisitionsDeRosa GroupInvest with David GreeneBooks Mentioned in the ShowRaising Private Capital by Matt FairclothConnect with Matt and Andrew:Andrew's BiggerPockets ProfileMatt's BiggerPockets ProfileClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-634Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

634: Why 2023 Will Be One of The Best Years Ever to Invest in Multifamily

Cash flow is necessary when investing in rental properties. Cash flow grants you, the real estate investor, enough leeway to pay for your mortgage and taxes, and save up a healthy safety reserve for future renovations. For new real estate investors, cash flow is probably the single most important metric they look at, but it’s not always a great predictor of a good investment. If you want to truly build wealth, generate passive income, and retire early (or rich), start looking at the metrics David Greene is talking about.Welcome back to another episode of Seeing Greene. Our cash flow creator, expert agent, and investor with decades of experience, David Greene, is back to answer your most asked questions. In this episode, we’re touching on topics like when to focus less on work and focus more on real estate investing, why low cash flow isn’t always a bad thing, what happens when an appraisal misses the mark, creatively financing home renovations, and how much every investor should have in safety reserves. 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:Why buying real estate in sprints is normal and when to lay off investingThe many metrics outside of cash flow that point to a great rental propertyWhat to do when an appraisal comes back low and how to challenge an appraisal The different ways to finance a home renovation and which will pave the way for more passive incomeHow much to keep in safety reserves if you’re buying your first rental property And So Much More!Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-633Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

633: Seeing Greene: Is My BRRRR a Bust If Cash Flow is Low?

Multifamily investing is a bit different than other types of residential real estate investing. When the economy begins to shift, and a recession is looming, multifamily real estate tends to drop in price. But, at the same time, more renters need a place to stay, or more importantly, an affordable place to stay, making multifamily apartments their go-to option. If apartment investing has ever interested you before, Jake Stenziano and Gino Barbaro make a strong argument why now may be the perfect time to get into the industry.If you’re feeling deja vu, don’t worry, Jake and Gino have been on the BiggerPockets Podcast multiple times before. Each time they come on they bring new lessons, new deals, and a lot more units under their belt. Only a decade or so ago, Jake and Gino were busting their humps working at jobs and businesses that didn’t fulfill them. It took them a year and a half to buy their first deal, and now, they’re sitting on $175M worth of multifamily. That’s quite a lot of deals in just a decade.Jake and Gino drop some gems in this episode, specifically on why 2022 may be a smart time to start investing, how to develop your “buy right” criteria, and preparing your exit strategies so you can build wealth, not just get rich once. They’ve learned a lot of multifamily investing lessons the hard way, so next time you’re presented with a killer deal, you don’t have to double down on their mistakes.In This Episode We Cover:Why you DON’T need to raise outside money to tackle big multifamily dealsHow to hire the right people and get employees invested in your properties (literally)The “buy right” framework and three pillars of real estate that every investor must understandWhy exit strategies are the most crucial part of investing and how to define yoursManaging properties the right way and how good property management can make or break a dealThe “conveyor belt” acquisition system that will fly deals your way (even when you’re not working)And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsDavid's BiggerPockets ProfileDave's BiggerPockets ProfileDavid's InstagramDave's InstagramRob's YoutubeRob's InstagramRob's TikTokRob's TwitterRob's BiggerPockets ProfileBiggerPockets Podcast 182BiggerPockets Podcast 266Pizza Owner to 1,500 UnitsMillionaire CouplesBooks Mentioned in the ShowSmall Giants by Bo BurlinghamScaling Up by Verne HarnishThe 7 Habits of Highly Effective People by Stephen CoveyConnect with Jake and Gino:Jake’s BiggerPockets ProfileJake’s LinkedInGino’s LinkedinJake and Gino’s Facebook PageJake and Gino’s LinkedInJake and Gino’s WebsiteJake and Gino’s PodcastJake and Gino’s InstagramClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-632Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

632: The “Conveyor Belt” System That’ll Build You a BIG Rental Portfolio Quickly

Everyone wonders how the rich avoid taxes. To most Americans, it seems like there is some big loophole that only the mega-wealthy know about, leaving average workers strapped with a large tax bill. Are the ultra-wealthy cheating the tax code, or are they onto something that everyday Americans simply don’t know about? Tom Wheelwright, author of Tax-Free Wealth and Rich Dad’s (Robert Kiyosaki) CPA is here to tell you how to take advantage of these big tax deductions that mystify small-time investors.If you’re already investing in real estate, you’ll know that the tax deductions can be plentiful. You get mortgage interest, depreciation, maintenance, and insurance write-offs. But, even bigger than those, are bonus depreciation and cost segregation, which aren’t complicated tax strategies and can help almost any investor reduce their tax bill significantly. So what can an average investor like you do to get started saving on taxes?Tom walks through the 2022 tax deductions that are decreasing this year, which to take advantage of immediately, how to find the right CPA for you, and which write-offs you may be missing. These tips could reduce your taxes by a significant amount, freeing up much more of your capital for future real estate deals!In This Episode We Cover:The disappearing tax deductions that every investor should take advantage ofHow the wealthy avoid taxes by buying real estate and getting into debtRenting vs. buying and which makes more sense in 2022 as affordability plummetsUsing cost segregation and bonus depreciation to wipe out your tax billHow to work with the government, instead of against it, to build wealth faster The best 2022 real estate tax strategies that small or large real estate investors can implementAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceSubscribe to The “On The Market” YouTube ChannelHear Our Past Interview with Tom on 5 Steps to Eliminate Income TaxListen to The Rent vs. Buy Debate on This Week’s Episode of On The MarketLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsDavid's BiggerPockets ProfileDave's BiggerPockets ProfileDavid's InstagramDave's InstagramBooks Mentioned in the ShowTax-Free Wealth by Tom WheelrightThe Win Win Wealth Strategy by Tom WheelrightConnect with Tom:Tom's WebsiteClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-631Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

631: BiggerNews July: Rich Dad's CPA on How ANY Investor Can Avoid Taxes in 2022

Look up “how to retire early” online and you’ll see some common prescriptions. You’ll hear investors talk about rental properties and index funds more than other options. This is for good reason since even as real estate investors there are ways we can go beyond the scope of buying rentals to amplify our wealth and set ourselves up for early retirement. This is also the exact question that one of our guests asks on this episode of Seeing Greene.If you’ve ever wondered what you should do with your rental property profits after you’ve paid all your bills, whether or not to flip homes in 2022’s housing market, or simply how to get less nervous on the phone, then you’re in the right place. David Greene, host of The BiggerPockets Real Estate Podcast, runs through a series of different Q&A style submissions from new investors, experienced investors, real estate agents, and everyone in between.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 estimate rents on a potential income property and which room count brings in the most moneyHow to find an investor-friendly agent who will give you the local contacts you needWhether to sell a rental property or keep it and cash-on-cash return vs return on equityLive in flips and why flipping houses has gotten so much harder in 2022Turnkey rental companies and whether or not to use one when investing from abroadHow to retire earlier by “amplifying” your rental property’s cash flowAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022David’s YouTube ChannelAsk David Your Real Estate Investing QuestionListen to All Your Favorite BiggerPockets Podcasts in One PlaceEstimate Rent Easily with The BiggerPockets Rent EstimatorFind an Investor-Friendly Agent Near YouHow to Retire Early (From Someone Who Did at Age 27)David’s BiggerPockets ProfileDavid's InstagramBooks Mentioned in the Show SKILL by David GreeneClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-630Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

630: Seeing Greene: Estimating Rent, “Amplifying” Cash Flow, and DIY Investing

To real estate investors and real estate investing enthusiasts, Brandon Turner is a household name. Not only has he written one of the most successful real estate investing books ever published (The Book on Rental Property Investing), but he also pioneered the real estate podcasting, social media, and blogging space. Funny to think that only a decade or so ago, this massively successful capital raiser, business founder, and CEO was painting rental properties, just trying to quit his soul-sucking job.So how did Brandon do this so quickly, and what’s going on in the brain (and under the beard) of one of the most successful real estate investors on the planet? Surprisingly, Brandon doesn’t have some secret formula, world-changing analogy, or crystal ball. He simply did what he said he would do—look for deals consistently, make offers whenever he could, and close so he could move on to the next. If this sounds familiar to your situation, but you’re struggling to find success, you may find that his system is a little bit different from yours.Brandon gives valuable insight into the “machine-building” he’s doing over at Open Door Capital, how he’s successfully growing his personal brand, and why real estate investing success should never be a surprise. If you’re a new listener to the show, it won’t be long before you realize why Brandon Turner was (and still is) one of the most beloved voices for building wealth. In This Episode We Cover:The four levels of entrepreneurialism and how to become the “architect” of your own lifeBuilding a personal brand and finding confidence when creating contentThe skills you need to grow a business and become the CEOThe five-point “viral formula” Brandon has used to raise millions of dollarsWhat it takes to be successful and how to create a machine that will find real estate deals for youAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceSubscribe to The “On The Market” YouTube ChannelHear Our Interview with Jason Drees on Exceeding Your GoalsShould You Quit Your 9-5 Job to Become a Full-Time Real Estate Investor?10 Challenges to Seriously Consider BEFORE Quitting Your Day JobDavid’s BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelAsk David Your Real Estate Investing QuestionRob's YoutubeRob's InstagramRob's TikTokRob's TwitterRob's BiggerPockets ProfileGrab Brandon's FREE MasterclassPurchase Brandon Turner’s Best Selling BooksStay Up-to-Date On Your Favorite Real Estate PodcastBiggerPockets Podcast 543 with Gino WickmanBiggerPockets Podcast 584 with Jonathan GreeneBiggerPockets Podcast 264 with Gary VeeDavid's NewsletterBrandon's NewsletterInvest with Open Door CapitalBooks Mentioned in the ShowTraction by Gino WickmanRich Dad Poor Dad by Robert KiyosakiThe Crisis Comfort by Michael EasterLong-Distance Real Estate Investing by David GreeneConnect with BrandonBrandon's BiggerPockets ProfileClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-629Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

629: Brandon Turner’s 4-Step “Viral” Formula That’ll Bring You Deals TODAY

Before you quit your job, you’ll need to do a few crucial things. If you haven’t done these yet, but are strongly considering leaving your job soon, Henry Washington and Rob Abasolo may advise you to wait it out a bit longer. Quitting your job is a big decision, especially if your family relies on the income that you’re bringing in. The good news is, that if you’re prepared, you can walk away making much more than you did at your W2. But, if you aren't, you could simply be taking a breather in between jobs, instead of building a life you love and ruling your schedule.Henry and Rob both have eerily similar quitting stories. They both quit during the same month of the same year, making the same salary all while building a real estate investment portfolio in the background. While Henry is more of a multifamily investing man, Rob has taken the short-term rental route to build his wealth. Both men have left the cushy healthcare-provided and retirement-matching lifestyles to build something much bigger not only for themselves but their families and employees.If you’ve wondered “when should I quit my job” or “is now the right time to go full-time into real estate investing?” then this episode is a prerequisite for you. Henry and Rob go over the four things you need to know BEFORE you quit, things to be aware of as a full-time entrepreneur, how to handle taxes and healthcare, and some actionable tips for when you’re finally ready to take the plunge into full-time investing.In This Episode We Cover:Why quitting a high-paying job is probably worth it in the long-runSpousal approval when quitting and why it’s mandatory before you start doing your own thingHow much should you have in safety reserves when you quitThe “work-life balance” myth and what a day in the life of an entrepreneur really looks likeChanging how you invest after you say goodbye to consistent incomeMapping out potential scenarios so you know what to expect on the other side of employmentAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceSubscribe to The “On The Market” YouTube ChannelHear Our Interview with Jason Drees on Exceeding Your GoalsShould You Quit Your 9-5 Job to Become a Full-Time Real Estate Investor?10 Challenges to Seriously Consider BEFORE Quitting Your Day JobRob's YoutubeRob's InstagramRob's TikTokRob's TwitterRob's BiggerPockets ProfileHenry's InstagramHenry's BiggerPockets ProfileClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-628Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

628: How Being a Quitter Will Make You a Millionaire

Everyone has housing market crash predictions. Some media outlets will tell you the sky is falling, real estate is on the edge of a cliff, and the whole world is turning upside down. Meanwhile, investors who made it out alive during the great recession see an oncoming housing correction as an opportunity, not a warning sign. Ever since we saw wild home appreciation in late 2020 and beyond, everyday investors have been asking: when is our time up?David Greene, real estate investing expert (also agent, author, and podcast host), knows that people will get hurt if an economic crash does happen. But, he also knows that investors who have kept their expenses lean, saved when they could, and taken care of their assets, will probably ride the tide just fine. In this episode of Seeing Greene, David will answer one of the most asked questions: where do we go from here? He’ll also touch on whether or not to give up earnest money in a bad deal, when to replace big systems like an HVAC that is on its last legs, how to calculate ARV, and why adjustable-rate mortgages could spell disaster in 2022.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:What will happen to real estate if the US economy enters a recessionWhether or not short-term rentals and vacation rentals are at risk How to calculate ARV (after repair value) and get estimates without breaking the bankThe best exit strategies to have when investing in real estateHow much in emergency reserves should you have when buying a rentalAdjustable-rate mortgages vs. fixed-rate mortgages and which wins in 2022And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022David’s YouTube ChannelAsk David Your Real Estate Investing QuestionListen to All Your Favorite BiggerPockets Podcasts in One PlaceSubscribe to The “On The Market” YouTube ChannelIs The Housing Market About to Collapse? What Investors Need to KnowKey Takeaways From the ’08 Recession That Apply TodayThe Ultimate Guide to Quickly Estimating a Property’s ARV (After Repair Value)David’s BiggerPockets ProfileDavid's InstagramClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-626Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

627: Seeing Greene: The Real Estate Winners and Losers Of The Next Recession

On the BiggerPockets Real Estate Podcast, co-hosts David Greene and Rob Abasolo interview real estate investors and entrepreneurs about successes, failures, and hard-earned lessons. Through in-depth conversations, 1-on-1 listener coaching calls, and news analysis, you’ll get a breakdown of real strategies that work for different niches and experience levels. Tune into the #1 real estate investing podcast every Tuesday, Thursday, and Sunday. 

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BiggerPockets Real Estate Podcast

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