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  • While short-term rentals are seeing slowing demand, mid-term rentals are taking off (and fast). Mid-term rentals, also called medium-term rentals or MTRs, are thirty-day or longer stays, usually for traveling professionals or those who need temporary housing while relocating. These rentals give you more rent than a regular long-term rental, less turnover than short-term rentals, and can be successful in even the most average of markets. Where are MTRs heading next? We brought on Jeff Hurst, CEO of the leading MTR listing website Furnished Finder, to share the data he’s seeing.
    Jeff believes MTRs are still years away from peaking in demand and supply. But maybe he’s a little biased as someone who works in the field. Even as an industry insider, Jeff brought some solid stats that show that MTR is far from falling off the investing map. He’s so bullish on this strategy that he believes MTR is now where Airbnb was in 2012. But what should you do to get in on MTR investing?
    Jeff shares the best MTR markets and signs for whether or not your city could be a great place to try it, plus the surprising property type that works best for this strategy (MUCH more affordable than short-term rentals) and how landlords and investors can find tenants WITHOUT going through pricey booking platforms.

    In This Episode We Cover:
    The state of the mid-term rental market and why it’s looking much brighter than short-term rentals
    Mid-term rental investing explained, and who’s staying at these properties
    Why rural markets actually make terrific mid-term rental investing areas
    How to start investing in mid-term rentals WITHOUT owning a single property (rental arbitrage)
    How to find tenants for your mid-term rentals without paying high listing fees
    The (surprisingly) small property types that work best for mid-term rentals
    And So Much More!

    Links from the Show
    Join BiggerPockets for FREE
    Let Us Know What You Thought of the Show!
    Shop the BiggerPockets Bookstore Black Friday SALE
    Grab the MTR Book, “30-Day Stay”
    Find an Investor-Friendly Agent in Your Area
    How to Invest in Medium-Term Rentals
    Connect with Henry
    Furnished Finder Stats
    Connect with Dave

    (00:00) Intro
    (03:10) What Are Mid-Term Rentals?
    (07:33) Mid-Term Demand is Still Growing
    (12:18) Best Mid-Term Markets
    (20:39) Are We Past the Peak?
    (22:46) Finding Tenants
    (26:38) Fewer Regulations?
    (32:42) Bullish on Mid-Term’s Future

    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1050
    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
    Learn more about your ad choices. Visit megaphone.fm/adchoices

  • Most people get turnkey real estate investing all wrong. They either think it’s a completely hands-off investment like stocks or that all turnkey real estate companies offer the same product. Both of these assumptions can be dangerous when investing in what should be an easier, less stressful, and far more scalable type of real estate investment—turnkey rentals. If you invest in truly turnkey real estate, you’ll get all the benefits of regular rental properties with MANY of the headaches already dealt with. What do we mean?
    We’re bringing back repeat guest Chris Clothier, turnkey provider and investor for over twenty years, to explain exactly what turnkey real estate is and whether or not it’s right for you. Chris describes the danger of thinking that every “turnkey” company is actually turnkey and signs that the company you’re dealing with could be selling you a bad deal. Plus, who should buy turnkey in the first place? Is it only for beginners, or do experienced investors move their money into these properties, too?
    How much money do turnkey properties make? We’re sharing those stats and the two questions you MUST ask a turnkey company before you work with them!

    In This Episode We Cover:
    Turnkey real estate investing explained and why so many investors get this definition wrong 
    How much turnkey rentals can make you in 2025 (actual return estimates) 
    The two questions you MUST ask a turnkey provider to prove they’re legit 
    Signs of a good turnkey real estate deal and why you should NOT buy properties under a certain price point 
    Why turnkey real estate investing isn’t just for beginners 
    And So Much More!

    Links from the Show
    Join BiggerPockets for FREE
    Let Us Know What You Thought of the Show!
    BiggerPockets Real Estate  26 - Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier
    BiggerPockets Real Estate 122 - 5 Myths Holding Investors Back From Real Estate Greatness with Chris Clothier
    BiggerPockets Real Estate 224 - Building a Process to Buy 17 Deals a Week with Chris Clothier
    BiggerPockets Real Estate 380 - Profitable Landlording in a Crisis with Mike Butler, Chris Clothier, and Dave Poeppelmeier
    Grab Dave’s New Book, “Start with Strategy”
    Property Manager Finder
    Turnkey Real Estate Investing: Complete Guide
    Connect with Chris
    Connect with Dave

    (00:00) Intro
    (03:49) Turnkey Investing 101
    (07:11) Who Should Buy Turnkey?
    (19:37) Signs of a Good Deal
    (22:53) 2 Questions You MUST Ask
    (28:00) Turnkey Rental Returns in 2025

    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1049
    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
    Learn more about your ad choices. Visit megaphone.fm/adchoices

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  • Would you spend thirty hours finding a deal if it could make you over $100,000? Of course you would! And that’s exactly what David Lecko, CEO of DealMachine, suggests you do to find better real estate deals in 2025. After hundreds of calls and mailers, an extensive rehab, and two appraisals, he walked into six-figure equity on a single rental property!
    Welcome back to the BiggerPockets Real Estate podcast! David has achieved financial freedom by building a real estate portfolio of nineteen cash-flowing, appreciating properties. His big secret? Buying the same property over and over in a market he knows inside out—Indianapolis, Indiana. He’ll scour tax-delinquent lists for distressed properties that fit his buy box and use the BRRRR method (buy, rehab, rent, refinance, repeat) to snowball into his next deal.
    But now that David has moved to Austin, Texas, he faces a brand-new challenge—investing in real estate out of state. While most investors would hire a property manager to oversee their properties, David self-manages from hundreds of miles away and employs an assistant to be his eyes and ears. Tune in as David shares all of the details on his latest deal and the strategies investors can use to gain a competitive edge in 2025!

    In This Episode We Cover:
    The strategy David used to make $100,000 on ONE real estate deal
    How to self-manage your rental properties (from hundreds of miles away)
    Why the BRRRR method (buy, rehab, rent, refinance, repeat) still works today
    How to scale faster and make higher returns by staying within your buy box
    The midwestern markets that allow you to earn cash flow and appreciation
    Why you shouldn’t wait for interest rates to drop to buy your next property
    And So Much More!

    Links from the Show
    Join BiggerPockets for FREE
    Let Us Know What You Thought of the Show!
    Buy the Book “Rich Dad Poor Dad”
    Find an Investor-Friendly Agent in Your Area
    From Burnt-Out Tech Worker to $95K in Passive Income in 2 Years
    Connect with David
    Connect with Dave


    (00:00) Intro
    (02:32) Tax-Delinquent Properties
    (07:46) $100K from ONE Deal
    (13:10) David’s Buy Box
    (17:12) Self-Managing (Out of State!)
    (23:23) David’s Plans for 2025
    (27:31) HUGE Market Opportunities
    (31:42) Connect with David!

    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1048
    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
    Learn more about your ad choices. Visit megaphone.fm/adchoices

  • Has the Federal Reserve gone too far? Many Americans are critical of the Fed’s move to raise interest rates sharply, pause for years, and then slowly start implementing rate cuts. The arguably most prominent critic of the Fed? President-Elect Donald Trump, who, shortly after nominating the current Fed chair, Jerome Powell, reversed his opinion on whether Powell was the right person for the job.
    Now, with Trump coming back to the White House, Powell’s job hangs in jeopardy—or does it? Can a President fire the Fed chair? Does the President have the authority to influence how the Fed operates? What would happen if Trump decided to go after Powell and request his resignation? Nick Timiraos, reporter at The Wall Street Journal and Federal Reserve expert, is on to answer these questions.
    Nick gives us the latest update on rate cuts, where the Fed is headed, how the future of the Fed looks with Trump back in office, and why some politicians champion “Fed Independence,” while others argue that Fed power has overstepped its bounds. Are Trump and Powell more aligned than they think, and is this government drama all talk? We’re getting Nick’s expert viewpoint on it all. 

    In This Episode We Cover:
    Why “Fed Independence” could actually be a crucial piece to keeping the economy stable 
    Whether or not Trump has the authority to fire and replace a Fed chair 
    Future rate cuts, inflation concerns, and the Fed’s latest “signal” on rates 
    Powell’s simple response when asked if he would resign because of Trump’s request 
    Why the Fed does NOT have to answer to the President (and is this a good thing?)
    Trump’s proposed tax and tariff policies and why they could challenge the Fed
    And So Much More!

    Links from the Show
    Join BiggerPockets for FREE
    Let Us Know What You Thought of the Show!
    Nick’s WSJ Articles
    Grab Dave’s New Book, “Start with Strategy”
    Find Investor-Friendly Lenders
    Trump May Consider Shaking Up the Federal Reserve If Elected—Here’s What That Could Look Like
    Connect with Dave


    (00:00) Intro
    (01:52) Latest Fed Meeting Update
    (03:04) More Rate Cuts Coming?
    (05:07) Can Trump Change the Fed?
    (08:45) Is the Fed Above the Law?
    (16:42) Can Trump Fire Powell?
    (18:53) What Happens Next?
    (24:52) Trump's Tricky Policies

    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1047
    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
    Learn more about your ad choices. Visit megaphone.fm/adchoices

  • Every landlord has some wild tenant stories. We’re sharing the ones you probably won’t believe in this episode. And we’re not just talking about a bad eviction or an upstairs neighbor blasting loud music. Instead, we’re talking about identity theft, living room toilets (this actually happened), random people sleeping on YOUR couch, and the mystery of the magically appearing staircase. 
    Being a landlord isn’t always easy, but some stories make real estate investing truly worth it. We’ve seen some of our tenants turn their lives around completely, all by having a safe place to live. Even with all the chaos, broken toilets, non-paying tenants, and occasional hard conversations, being a landlord can be pretty rewarding. 
    Do you have a tenant story you want to share? Drop it in the BiggerPockets Forums!

    In This Episode We Cover:
    Why you MUST have a (secured) separate entrance when house hacking 
    The reason Henry now double-checks the identity of his tenants before signing a lease with them
    Turning bad tenants into good friends by taking shots with them 
    What to do when your tenants turn your living room into a bathroom (this one was pretty bad)
    Why taking a chance on a tenant isn’t always a bad thing and how being a great landlord can turn people’s lives around 
    And So Much More!

    Links from the Show
    Join BiggerPockets for FREE
    Let Us Know What You Thought of the Show!
    Landlord the Right Way with “The Book on Managing Rental Properties”
    Property Manager Finder
    12 Tenant Nightmare Stories I Swear Are Actually True
    Connect with Henry
    Connect with Dave

    (00:00) Who's In My House?!
    (05:20) My Tenant Isn't Really My Tenant...
    (12:04) Taking Shots with My Tenant
    (16:39) They Did WHAT in the Living Room?
    (25:53) The Tenants Everyone Wants
    (29:35) Tenant Turning His Life Around

    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1046
    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
    Learn more about your ad choices. Visit megaphone.fm/adchoices

  • What if, within ten years, you could reach financial freedom? Imagine it. You may have a high-stress job where you’re working long hours and making good money but feeling burnout creeping in. You NEED an exit strategy if you’re going to keep up with this lifestyle because before long, you may need an early retirement. That’s precisely how Benjamin Aaker, emergency medicine physician, felt.
    Benjamin loves his work, and he’s still working today, but now, he has the option to leave when the burnout gets too much. After becoming an “accidental landlord,” Benjamin quickly saw the benefits of investing in real estate. He bought a few more houses and a multifamily building, then went bigger and bigger. Now, he’s equity-rich with a real estate portfolio that can support his lifestyle if he decides not to work.
    Even if you’re not stressed out at your job (yet), Benjamin encourages you to financially prepare to exit your career, if just for peace of mind. He talks about how you can scale smarter, faster, and better with partners, why sometimes you need to get dirty to succeed in real estate, and how to juggle investing with your full-time job. 

    In This Episode We Cover:

    How to scale your real estate portfolio fast and reach financial freedom 
    The crucial mistake Benjamin made when he bought his first big property 
    Determining your financial independence timeline and when you want to be able to quit 
    Appreciation vs. cash flow and the surprising choice Benjamin made to reach financial independence faster 
    Vetting a real estate partner BEFORE you invest and red flags to look for
    Syndication investing for beginners and using other people’s money to buy real estate 
    And So Much More!

    Links from the Show
    Join BiggerPockets for FREE
    Let Us Know What You Thought of the Show!
    Invest in Turnkey Properties with REI Nation
    Grab “The Intention Journal”
    Find an Investor-Friendly Agent in Your Area
    How to Build a Real Estate Portfolio & Quickly Scale Your Investments
    Connect with Benjamin
    Connect with Dave

    (00:00) Intro
    (00:48) Got a High-Stress Job?
    (02:30) The “Accidental” Landlord
    (03:54) Becoming Work-OPTIONAL
    (10:22) Equity Over Cash Flow
    (14:31) Multifamily and BIG Syndication Mistakes
    (23:55) A Really Crappy Problem
    (27:30) Finding (and Vetting) Partners
    (30:35) WAY Bigger Deals


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1045
    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
    Learn more about your ad choices. Visit megaphone.fm/adchoices

  • What makes a “good” real estate deal in 2025 and beyond? How much of a return should your investment property be producing? Are real estate returns good enough in this tough housing market to beat out other performing assets like stocks? Today, we’re sharing our exact investing criteria, defining what makes a “good” real estate deal to us, and how you can use key indicators to identify deals worth the effort.
    We’re breaking this episode into a few parts as we touch on the primary types of investment properties: long-term rentals, short-term rentals, and house flips. Garrett Brown is our resident vacation rental expert and shares how he’s routinely getting twenty percent (or greater) returns by reinvesting in his short-term rentals. Next, familiar face James Dainard discusses the unbelievable house-flipping returns he nets, but are they worth the risk?
    Finally, Dave shares the metric he goes after when investing in long-term, low-risk rental properties. Plus, we’ll share when it’s a better use of your money to reinvest in your current properties vs. going out and buying new ones!

    In This Episode We Cover:
    What makes a “good” real estate deal in 2025 and beyond
    The massive return James is making with house flipping (and the HUGE risks he takes)
    Garrett’s unique short-term rentals pulling in twenty percent (or higher!) average returns 
    IRR (internal rate of return) explained and why everyone should calculate this when investing
    When to buy more properties vs. reinvest back into your performing portfolio
    And So Much More!

    Links from the Show
    Join BiggerPockets for FREE
    Let Us Know What You Thought of the Show!
    Get a Quote on Your Next Short-Term Rental Loan with Host Financial
    Calculate IRR with Dave’s Book, “Real Estate by the Numbers”
    Property Manager Finder
    What's a "Good" Deal in Real Estate? 5 Criteria to Consider
    Connect with Garrett
    Connect with James
    Connect with Dave
    
    (00:00) Intro
    (00:51) What's a "Good" Return?
    (06:21) IRR (Internal Rate of Return) Explained
    (07:59) What Makes a "Good" STR Deal?
    (11:14) Flipping Houses (High Risk/Reward)
    (16:43) Long-Term Rentals (Low Risk)
    (23:17) When to Reinvest vs. Buy More
    (29:23) Do This NOW!

    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1044
    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
    Learn more about your ad choices. Visit megaphone.fm/adchoices

  • Today, we’re talking about the easiest way to find profitable rental properties in 2024 (and 2025!). It’s not through cold calling homeowners, sending mailers, networking with wholesalers, or doing any other “off-market” strategy. It’s so easy that even real estate investing beginners will have no trouble finding deals. What are we talking about? On-market, MLS (multiple listing service) properties for sale.
    You might think, “But everything on the market is overpriced; there are NO good deals left!” That’s where you’re wrong, and today’s guest proves it. Dan Nelson has been buying on-market investment properties for two decades now, and he’s built an entire portfolio doing so (even in recent years). Dan knows there’s a time and place for off-market deals, but he has found so many hidden opportunities on the market that he keeps returning to buy.
    During this episode, Dan shows YOU precisely what to look for when browsing listing websites for rental properties or potential house flips. He shares the hidden opportunities most investors miss and why you should NOT be focused on properties that make money from day one. Instead, he walks through his simple strategy to create serious cash flow only a couple of years after purchasing properties most investors overlook.

    In This Episode We Cover:
    Why (for the most part) off-market deals are NOT great for beginners 
    The reason Dan doesn’t care about “day one cash flow” when buying rentals 
    Signs that you should offer a lower price on a potential rental property 
    Why you should always look for on-market deals BEFORE deciding on a market 
    When it’s time to start buying off-market deals (Beginners should avoid this) 
    And So Much More!

    Links from the Show
    Join BiggerPockets for FREE
    Let Us Know What You Thought of the Show!
    BiggerPockets Rental Property Calculator
    BiggerPockets Real Estate Rent Estimator
    Grab Dave’s Newest Book, “Start with Strategy”
    Find an Investor-Friendly Agent in Your Area
    Top 10 Real Estate Markets for Cash Flow in 2024
    Connect with Dan
    Connect with Dave

    (00:00) Intro
    (02:16) Why Buy On-Market Deals
    (03:26) On-Market vs. Off-Market Explained
    (06:57) HUGE On-Market Opportunity
    (13:24) Buy at Asking Price?
    (15:19) The Cash Flow Secret
    (19:13) Where Does This Strategy Work?
    (25:47) Where Does This Strategy Work?
    (31:59) When to Look Off-Market?
    (32:55) Buy Your FIRST Rental!

    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1043
    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
    Learn more about your ad choices. Visit megaphone.fm/adchoices

  • Clay White has done the seemingly impossible. He’s bought five rental properties, completed multiple flips, and done it all in the past fifteen months with high mortgage rates. To make it more impressive, he did it WITHOUT a W2 job at just twenty-three years old! So what sets Clay apart from ninety-nine percent of other investors? As you’ll hear in today’s episode, he went through an almost comical amount of failures, but how he solved them makes him an elite investor.
    If you think you missed the boat on real estate investing, Clay proves that you couldn’t be more wrong. He not only built an entire rental portfolio in one of the most challenging times to invest but did it with no consistent income, no experience, and in a market you’ve probably never heard of.
    If you can follow Clay’s advice, mimic his ingenuity and tenacity for problem-solving, and are willing to put up with small failures to achieve massive success, you, too, will be able to build serious wealth, no matter your timeline, no matter your age, and no matter your job.

    In This Episode We Cover:
    How to invest in real estate even if you’ve got little money (and no job!) 
    Returning a house after you bought it (yes, you can do this!) 
    Why bringing in a partner is an excellent idea for your first real estate investment 
    Clay’s straightforward solution when you can’t find the right licensed contractor 
    Cash-out refinances vs. HELOCs and when to use each to pull out equity 
    Why you should always overestimate your home renovation costs 
    And So Much More!

    Links from the Show
    Join BiggerPockets for FREE
    Let Us Know What You Thought of the Show!
    Learn How to Flip Houses with “The House Flipping Framework”
    Find Investor-Friendly Lenders
    The Rookie’s Step-by-Step Guide to Home Renovation Projects
    Connect with Clay
    Connect with Henry
    Connect with Dave

    (00:00) Intro
    (01:04) Refusing To Get a 9-5
    (04:23) Buying (and Returning!) a House
    (07:58) Home Run Second Deal
    (12:54) Rebuilding a Duplex
    (16:52) Using Equity to Flip a House
    (26:38) Final Flip Numbers
    (27:49) A Flip Goes Wrong…Again
    (31:04) Financing Deals
    (33:13) Buying Even MORE


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1042
    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
    Learn more about your ad choices. Visit megaphone.fm/adchoices

  • So you want to start investing in real estate but have ZERO experience. What should you do? The good news is that even if you don’t know how to invest in real estate, you can get started relatively quickly, especially if you avoid the common rookie mistakes. To help you jump over the investing hurdles, instead of running right into them, Dave brought on Tony Robinson, top short-term rental investor, and Henry Washington, repeat co-host and long-term rental investor, to share exactly what they’d do if they were starting from scratch in 2025.
    Both Henry and Tony have scaled very fast. They own seven-figure real estate portfolios producing hundreds of thousands in rent yearly. But neither of them has been investing for more than ten years. How did they scale their real estate portfolios so quickly? They learned from their mistakes FAST and are teaching you the same lessons on today’s show.
    In this episode, we’re going through the beginner steps you should take to build a real estate portfolio starting in 2025. We’ll discuss whether you should buy long-term or short-term rentals, how to choose a market to invest in, knowing how much you can afford, the many ways to find real estate deals, and the one thing Henry and Tony WISHED they had done earlier. Ready to start investing in 2025? This is your quick guide!

    In This Episode We Cover:
    Best beginner real estate investments and whether you should buy or build your first rental
    What to do when you don’t have tons of money to invest and how to calculate your buying power
    How to find real estate deals even if you’re low on time or money
    The one thing Henry and Tony advise every rookie real estate investor to start doing NOW
    Emergency reserves and why you must keep cash on you when you start investing
    And So Much More!

    Links from the Show
    Join BiggerPockets for FREE
    Let Us Know What You Thought of the Show!
    Real Estate Rookie Podcast
    On the Market Podcast 
    Get a Quote on Your Next Short-Term Rental Loan with Host Financial
    Start from Scratch with “The Book on Rental Property Investing”
    Find an Investor-Friendly Agent in Your Area
    Real Estate Investing For Beginners: How To Get Started
    Connect with Henry
    Connect with Tony
    Connect with Dave

    (00:00) Intro
    (01:01) Best Starter Investments
    (03:08) Short-Term Rentals
    (08:42) 1. Choose a Market
    (10:04) Long-Term Rentals
    (14:42) 2. Know Your Buying Power
    (18:39) 3. Finding Real Estate Deals
    (24:21) 4. Document EVERYTHING
    (28:39) 5. Start a “Reinvestment” Fund

    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1041
    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
    Learn more about your ad choices. Visit megaphone.fm/adchoices

  • Can you invest in real estate with just $75,000? And not only invest but can you find cash-flowing rentals in solid markets with long-term profit potential without spending six figures? Yes, to both. Today, we’re proving it’s more than possible because we’re finding on-market rental properties for sale that can be bought, renovated, and rented with a $75,000 (or less) investment. These are LIVE deals, meaning you could make an offer on them right after this podcast airs (seriously!).
    To help us out, Dave asked fellow investors Ashley Kehr and Henry Washington to bring a deal to the show that:
    1. Has an all-in cost of $75,000 or less
    2. Is on-market (on the MLS)
    3. Isn’t a house hack (you don’t have to live in the property).
    Dave found his own deal and brought it along, too. So today, we’re sharing three actual deals in three solid real estate markets, all that you can invest in with $75,000 or less.
    We found rental properties that not only cash flow hundreds of dollars a month but come close to (or beat) the 1% rule, AND one is already renovated, meaning you just need to find renters, and you’re already making money. Don’t let the naysayers fool you—this is PROOF you can find good rental properties even in 2024. 

    In This Episode We Cover:
    How to invest $75,000 in real estate if you want cash-flowing rental properties 
    Three distinct real estate markets that all offer below-average rental property prices 
    How much to keep in cash reserves for your first investment property 
    “Value-add” potential you can spot that’ll help you boost equity in your property 
    The one cost that you really need to check before you buy in a new market 
    Key indicators that point to a real estate market growing (or slowing) 
    And So Much More!

    Links from the Show
    Join BiggerPockets for FREE
    Let Us Know What You Thought of the Show!
    Invest in Turnkey Properties with REI Nation
    Grab Henry’s New Book, “Real Estate Deal Maker”
    Find an Investor-Friendly Agent in Your Area
    Top 10 Real Estate Markets for Cash Flow in 2024
    Connect with Ashley
    Connect with Henry
    Connect with Dave


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1040
    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
    Learn more about your ad choices. Visit megaphone.fm/adchoices

  • Is property “rezoning” the trick to making much more money in real estate? Our guest is using zoning laws to his favor by finding areas with hidden potential but NO space left to build. He then changes the zoning, builds new homes, and sells them FAST (and often over-asking price) to the local buyers waiting in line for inventory to arrive. You can do it, too, but you’ll need some beginner information before you start.
    Since 2016, Stuart Udis has been building homes in areas most investors overlook. The average investor sees an area with growing demand but realizes that they can’t build a home because a piece of land may NOT allow residential units, so they give up. Stuart instead gets both the city AND the local residents on his side, having all parties favor a zoning change, helping him be the only investor to build on that once-overlooked piece of land.
    So how do YOU do this, too? In this episode, Stuart walks through how he finds hidden opportunities in often-overlooked neighborhoods, the groups you’ll have to meet with before you try to change the zoning, and the types of units he’s building that give him the highest return on his money.

    In This Episode We Cover:
    Why “rezoning” property might be one of the most overlooked investing strategies 
    The big cash flow mistake that Stuart made earlier on in his investing career 
    The #1 reason you must look into school districts BEFORE buying in an area 
    Getting approval for rezoning from the city and the neighbors you MUST get on your side 
    How to tell exactly what a buyer/renter will want BEFORE you rezone/build 
    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”
    Grab Dave’s Newest Book, “Start with Strategy”
    Find an Investor-Friendly Agent in Your Area
    Can You Build Wealth by Rezoning Your Property? Yes! Here’s How
    Connect with Stuart
    Connect with Henry
    Connect with Dave

    (00:00) Intro
    (01:20) Buying $50K Houses!
    (05:06) BIG Cash Flow Mistake
    (09:05) Finding a Hidden Opportunity
    (13:45) Changing “Zoning” to Meet Demand
    (20:36) Getting Zoning Approval
    (24:57) What Buyers/Renters Want
    (26:37) Buying, Building, and Renovating Rentals


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1039
    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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  • Real estate investing is great…sometimes. Other times, it’s NOT fun to be a real estate investor. While the pros, like financial freedom, generational wealth, and passive income definitely outweigh the cons, there are times when real estate investing makes you sit back and think, “Wow, I’m not having fun right now.” So we’re here to vent some of our biggest frustrations about the real estate industry, and if you’re an investor, landlord, house flipper, or property manager, you’ll probably relate. 
    These are the things that grind our gears the MOST. Now we’re not saying to ditch rental properties and real estate investing because of these downsides. Despite all these investment property pains, we still believe real estate is the best asset class for investing. But you will be hit with the headaches that we go through if you decide to invest.
    The good news? We will give you actionable tips to avoid the worst of these throughout the episode. If you’re brand new to real estate investing or are thinking of buying your first property, this is advice you need to hear before you begin so you can make the most money with the least amount of stress. 

    In This Episode We Cover:
    Why you really (really) don’t need to become an agent just to invest in real estate 
    Getting blinded by “exit strategies” and how it’ll cost you in the long run
    How Henry learned to work with contractors so he doesn’t get scammed or ghosted
    Why we’re begging you to stop doing “virtual staging” when selling a house 
    Etiquette for agents writing property descriptions (stop saying everything is “cozy”)
    How to improve your relationship with your tenants so you both can enjoy your lives 
    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”
    Property Manager Finder
    How to Work With Contractors and Manage a Job Site as a Flipping Newbie
    Connect with Henry
    Connect with Dave

    (00:00) Intro
    (00:41) 1. Becoming an Agent Just to Invest
    (04:58) 2. Bad/Slow Communication
    (07:30) 3. Being Blinded by Exit Strategies
    (12:30) 4. Unrealistic Expectations
    (17:03) 5. Working with Contractors
    (23:22) 6. Agent Property Descriptions
    (25:07) 7. Virtual Staging
    (30:47) 8. SO. MUCH. PAPERWORK.
    (33:19) 9. Shady Wholesalers
    (37:36) 10. Tenants vs. Landlords

    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1038
    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
    Learn more about your ad choices. Visit megaphone.fm/adchoices

  • Discounted real estate deals could be coming THIS winter as the housing market begins to “thaw.” Today, Dave is flying solo, bringing you a housing market update on all the crucial factors real estate investors are looking at—home prices, mortgage rates, housing supply, and rent prices. Even with home sales falling by a massive margin, home prices are still at all-time highs, and the housing market is “stuck,” but we could see some sellers taking price cuts this winter if you’re willing to take advantage.
    Okay, but how can home prices still be THIS high when the total home sales are twenty percent lower than average and around fifty percent under the recent highs? It’s simple—affordability struggles. High rates, high prices, and “locked-in” homeowners staying in place keep the market frozen. So, why does Dave believe sellers will be more inclined to drop their prices this winter? Where does he believe interest rates will be by the end of the year? And what’s the one thing that could get the housing market “unstuck”? 

    In This Episode We Cover:
    Why Dave believes real estate deals are coming THIS winter 
    Mortgage rate predictions and how low rates could go by the end of this year
    Whether to buy now or wait for affordability to improve, prices to drop, and rates to fall 
    Why home prices are still rising EVEN with homebuyer demand plummeting 
    The MASSIVE drop in home sales since the pandemic boom and why prices have remained high 
    And So Much More!

    Links from the Show
    Join BiggerPockets for FREE
    Let Us Know What You Thought of the Show!
    Nearly A Quarter of Prospective First-Time Homebuyers are Holding Off Until After the Election: Redfin Survey
    Grab Dave’s Book, “Real Estate by the Numbers”
    Find an Investor-Friendly Agent in Your Area
    The Fed Finally Cuts Rates, but Will It Even Matter?
    Connect with Dave

    (00:00) Intro
    (00:50) Home Prices Are Changing
    (04:57) The Deals Are Coming
    (06:05) MASSIVE Decline in Home Sales
    (11:12) So…Why Are Prices High?
    (16:19) Mortgage Rate Forecast
    (18:14) Buy Now or Wait?
    (19:17) Rents Still Struggling
    (21:56) Winter Opportunity


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1037
    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
    Learn more about your ad choices. Visit megaphone.fm/adchoices

  • These two college teammates built a sizable real estate portfolio in just three years by using what they call the “delayed BRRRR strategy.” They’ve used this specific real estate investing tactic (and the regular BRRRR strategy) to turn one duplex into more than a dozen rental properties for their portfolio. They didn’t start with a ton of money and only got into investing together in 2021 when housing competition was high, and rates were soon to rise sharply. So, how does their strategy work, and how can YOU use it to buy more rental properties?
    In this episode, these innovative investors, Joe Escamilla and Sam Farman, talk about why it’s CRUCIAL to have great real estate investing partners and how choosing the right one can be the rocket fuel you need to build a financial freedom-enabling rental property portfolio. They share the new “BRRRR” strategy (buy, rehab, rent, refinance, repeat) they’re using to get steady real estate cash flow AND boost their equity at the same time. 
    We’ll also talk about raising private capital and creating your own real estate syndication so you can buy more real estate using other people’s money and pass along the returns to your investors. Joe and Sam have built a real estate portfolio most investors can only dream of achieving, and they did it all in only three years, during high rates, and while working full-time jobs. Stick around to hear how you can do it, too! 

    In This Episode We Cover:
    The new-and-improved “BRRRR” strategy that lets you “recycle” your money 
    Signs of a perfect real estate partner and why getting this right is CRUCIAL for growth 
    Cash-out refinancing to reinvest in real estate and grow your portfolio faster 
    Why you DON’T want to sit on the sidelines while rates are high and competition is low
    Syndications and how to raise money for your next real estate deal 
    And So Much More!

    Links from the Show
    Join BiggerPockets for FREE
    Let Us Know What You Thought of the Show!
    Rich Dad Poor Dad
    Grab the Book on the “BRRRR” Strategy
    Find Investor-Friendly Lenders
    The Beginner’s Guide to “Infinite Investing” with the BRRRR Method
    Connect with Joe
    Connect with Sam
    Connect with Dave

    (00:00) Intro
    (01:26) The Perfect Partnership?
    (03:59) First Duplex in 2021
    (11:38) This Works WITH High Rates
    (16:25) Using Other People’s Money
    (23:33) The New 2025 “BRRRR” Strategy
    (28:25) Who Does What?

    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1036
    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].

    Learn more about your ad choices. Visit megaphone.fm/adchoices

  • “Lake Effect” cash flow is starting to make landlords rich in this under-the-radar region of the United States. For the past few decades, mainstream real estate investing platforms have almost forgotten this region, and we’ve even overlooked it a few times. Here, landlords can buy affordable homes, make serious cash flow, and see significant investing advantages they can’t get in most other areas. Where are we talking about? Salt Lake? The Great Lakes? Lake Tahoe?
    Welcome back to this week’s BiggerNews, where we’re discussing everyone’s favorite subject—cash flow (and a LOT of it). We brought Real Estate Rookie co-host Ashley Kehr, a predominantly cash-flow investor, to the show to share why her home region is finally getting the recognition it deserves for real estate investing.
    If you want the residual income that will lead you to financial freedom and an early retirement, this is the region to look at. You can buy homes for a fraction of what they cost elsewhere, all while getting surprisingly high rent prices, leaving you with a serious supply of cash flow at the end of the month. We’re talking about the MOST affordable cities in this area, why the tech industry is moving in, and one crucial advantage that makes this market almost future-proof. 

    In This Episode We Cover:
    “Lake Effect” cash flow and why it’s making landlords wealthy in this affordable area 
    The most affordable (and cash-flowing) markets in this under-the-radar region
    Why more and more tech companies are moving into this overlooked area 
    Appreciation potential and the cities with cash flow AND rising home prices 
    The “booming” area that has serious infrastructure support for more jobs/businesses 
    And So Much More!

    Links from the Show
    Join BiggerPockets for FREE
    Let Us Know What You Thought of the Show!
    Get Banking Built for Landlords with Baselane
    Ready to Start? Grab “The Book on Rental Property Investing”
    Find an Investor-Friendly Agent in Your Area
    Top 10 Real Estate Markets for Cash Flow in 2024
    Real Estate Rookie Podcast
    10 Deals on a $20K Waitress Salary With Ashley Hamilton
    Connect with Ashley
    Connect with Dave

    (00:00) Intro
    (03:22) Still SUPER Affordable
    (08:32) Most Affordable Markets
    (11:30) Tech Industry is Moving In
    (14:57) Climate Resilience
    (18:56) Under-the-Radar Markets?
    (28:58) This Area is Booming
    (32:18) Even More Advantages?


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1035
    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
    Learn more about your ad choices. Visit megaphone.fm/adchoices

  • “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 [email protected].
    Learn more about your ad choices. Visit megaphone.fm/adchoices

  • 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 [email protected].
    Learn more about your ad choices. Visit megaphone.fm/adchoices

  • 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 [email protected].
    Learn more about your ad choices. Visit megaphone.fm/adchoices

  • 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 [email protected].
    Learn more about your ad choices. Visit megaphone.fm/adchoices