Spelade
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Steve Schabacker participated in over a dozen startups spanning many different industries. He is now focused on helping others succeed through The Tactical Entrepreneur Podcast and coaching at his Tactical Entrepreneur Academy.
Top 3 Value Bombs:
1. Take the time to listen to customers. Take the time to do something different and put some thought effort into it.
2. Listen to what customers want. If there are some things that they’re not getting and are feasible to do and you can do it, you can be very successful no matter what industry it is.
3. If you want to get past an obstacle, sometimes you go crashing to it, but oftentimes, you have to figure out to go around it, and do things a little differently than you used to.
Visit Steve’s website - Steve Schabacker Website
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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-run
Spousal approval when quitting and why it’s mandatory before you start doing your own thing
How much should you have in safety reserves when you quit
The “work-life balance” myth and what a day in the life of an entrepreneur really looks like
Changing how you invest after you say goodbye to consistent income
Mapping out potential scenarios so you know what to expect on the other side of employment
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Subscribe to The “On The Market” YouTube Channel
Hear Our Interview with Jason Drees on Exceeding Your Goals
Should You Quit Your 9-5 Job to Become a Full-Time Real Estate Investor?
10 Challenges to Seriously Consider BEFORE Quitting Your Day Job
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's BiggerPockets Profile
Henry's Instagram
Henry's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-628
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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 recession
Whether or not short-term rentals and vacation rentals are at risk
How to calculate ARV (after repair value) and get estimates without breaking the bank
The best exit strategies to have when investing in real estate
How much in emergency reserves should you have when buying a rental
Adjustable-rate mortgages vs. fixed-rate mortgages and which wins in 2022
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Subscribe to The “On The Market” YouTube Channel
Is The Housing Market About to Collapse? What Investors Need to Know
Key Takeaways From the ’08 Recession That Apply Today
The Ultimate Guide to Quickly Estimating a Property’s ARV (After Repair Value)
David’s BiggerPockets Profile
David's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-626
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
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You need a 20% down payment to buy a house, right? Most people assume that the standard down payment amount, 20% down, is the acceptable average when buying a rental property or a primary residence. But this isn’t always true, even for real estate investors. Many investors will spend years saving up just a single down payment amount, only to later realize that they could have bought multiple rental properties faster if they would have done less down. So before you put a big chunk of change into your next rental, listen up.
David Greene is back with another episode of Seeing Greene where he takes a multitude of questions from new and small real estate investors. There is an answer for everyone in this episode with topics covering down payment amounts, investing in US real estate while living abroad, new real estate agent tips, how to finance ADUs (accessory dwelling units), and retiring yourself (or your parents) with real estate investing!
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 type of rental property should you buy as your first real estate deal
How to dominate your market as a brand new agent and meet buyers and sellers
As a foreign investor, how can you get around the 35% down payment requirement
How to finance an ADU to increase cash flow on your rental property
Should you invest with your family if you haven’t done a deal yet?
Buying rental properties without having to save up a 20% down payment
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Get Your Tickets to BPCon2022
BiggerPockets Money Podcast
Work with David’s Team on Your Next Mortgage
David’s Instagram
David’s BiggerPockets Profile
Listen to Our Interview with Dan Brault
Books Mentioned in the Show
SOLD by David Greene
SKILL by David Greene
Finding and Funding Great Deals by Anson Young
Long-Distance Real Estate Investing by David Greene
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-624
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
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What makes a millionaire mindset? Everyone knows what it takes to become successful: hard work, grit, tenacity, and (usually) some form of intelligence. But with so many people (real estate investors specifically) working hard, day in and day out, why aren’t we seeing a plethora of unbelievably successful individuals? It turns out, the problem isn’t within the system of building wealth, but the individual.
Jason Drees, mindset coach and author of Do the Impossible, has seen numerous individuals come to him confused, doubtful, and wanting to do more. Within a matter of years or even months, these individuals poised on success attain things that would take most people many lifetimes. So what’s the difference between a massively successful investor and a moderately successful one?
In today’s show, Jason breaks down the alchemy behind building a business, a life you love, and massive wealth. He even takes a break to coach David and Rob on their future business plans, uncovering some roadblocks and new paths that they never even knew existed. If you’ve been stuck in analysis paralysis, or simply have a goal to get to fast, this is the episode to not only listen to but take notes and review so you can grow as well.
In This Episode We Cover:
Why 95% of real estate investors aren’t aiming high enough (and how it’s hurting them)
Evolving your mindset after hitting a goal, no matter how small
Hitting unknown goals and looking for accomplishments that excite you
Using your emotion to navigate success and listening to your internal guidance
Walking the path to greatness instead of settling for success
How to “Frame” your goals, plus a live example with David and Rob
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
Biggerpockets Bookstore
Brandon's Instagram
Tony Robbins's Website
Tony Robbins Life Coaching
David's Instagram
The David Greene Team's TikTok Profile
Rob's Instagram
Rob's Youtube Channel
Rob's TikTok Profile
Connect with Jason:
Jason's Company Website
Jason's Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-601
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What do DIY landlording and inflation have to do with each other? Surprisingly, much more than you would think. As the year progresses and the housing market stays hot, more real estate investors are having trouble finding cash-flowing deals. At the same time, the tenants in those properties are seeing the price of their gas, groceries, and rent shoot up. Are tenants going to be left with enough money to pay rent every month? And if not, what will everyday landlords do to keep their properties?
These questions are best left to someone who not only has experience owning and managing rental properties but helping others do the same. Laurence Jankelow, co-founder of Avail, one of the leading property management software picks, is here to talk about the future of the DIY landlord, especially in 2022. Laurence has seen the trends on who’s increasing rent, who’s not, and how many cash-flowing deals are on the table.
Laurence, David, and Dave all take time to debate what the next year will look like for landlords and renters alike. If there is a recession around the corner, how can investors keep themselves in a strong position? What is the first expense new landlords should cut if their cash flow starts to dwindle? And what real estate trends are we seeing in today’s market that you can get ahead of? All these questions (and more) are answered in this month’s BiggerNews episode!
In This Episode We Cover:
Are we heading towards a recession, and if so, how do we prepare?
How software like Avail has made “DIY Landlording” the standard for new investors
The biggest challenges investors will face in 2022 and how to combat them
How would a recession affect the housing market (even as demand is high)
The best money-saving tips for DIY landlords and real estate investors
Inflation’s effect on asset prices and pivoting in your investing strategy
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Subscribe to The “On The Market” YouTube Channel
Check Out the “On The Market” Interview with J Scott
6 Things You’ll Need When Getting Into DIY Landlording
Start Landlording Smarter with Avail
David’s BiggerPockets Profile
David's Instagram
Dave's BiggerPockets Profile
Dave's Instagram
Book Mentioned in the Show
Rich Dad Poor Dad by Robert Kiyosaki
Connect with Laurence:
Laurence's Email
Laurence's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-619
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Ed Mylett knows the housing market. He’s participated in real estate investing for decades and has become wildly successful thanks to his tenacity, relationship-building skills, and creativity when getting deals done. But, funnily enough, Ed Mylett isn’t most well known for his real estate investor prowess—he’s known for his mindset-shifting, world-changing ideas when it comes to personal development, discipline, and entrepreneurship.
In Ed’s newest book, The Power of One More, he talks about the small tweak that anyone can make to become many multiples more successful. In essence, every extra push-up, cold call, and hug to your spouse or child is the exact thing that puts you above the rest. It’s not about putting in the effort, it’s about putting in more effort than the average person would. This not only applies heavily to real estate investing but to any goal we set.
David and Rob get the opportunity to talk to Ed about his book as well as his sentiment towards today’s housing market and what deals he’s doing in the background. You may be surprised to hear it, but Ed is incredibly bullish on real estate investing for a few good reasons. He gives a simple yet incredibly practical explanation for why this year is surprisingly the best time to get into real estate investing in a long time.
In This Episode We Cover:
How the power of “one more” can change everything about your life
Why committing to your standards is arguably more important than goal setting
How collective psychology is driving the market to new places (and how to escape its grasp!)
Why investors must start “evaluating their income streams” instead of just their properties
The “most crazy deal” Ed has ever done and why it’ll be a first of its kind
Building the confidence you need to accomplish your dreams and create a life you love
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Subscribe to The “On The Market” YouTube Channel
Check Out the “On The Market” Interview with J Scott
6 Things You’ll Need When Getting Into DIY Landlording
Start Landlording Smarter with Avail
David’s BiggerPockets Profile
David's Instagram
Dave's BiggerPockets Profile
Dave's Instagram
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's BiggerPockets Profile
BiggerPockets Podcast 433
BiggerPockets Podcast 600
The World’s Least-Followed Investment Advice (& How it Can Make You a Millionaire)
6 Empowering Strategies to Conquer a Paralyzing Fear of Failure
Books Mentioned in the Show
The Power of One More by Ed Mylett
Nothing Down by Robert Allen
Connect with Ed:
Ed's YouTube
Ed's Instagram
Ed's Podcast
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-620
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Buying an investment property is a lot like exercising. At first, you don’t know any of the verbiage, then you start learning the tools, and finally, after some repetition (and help from those around you), you can become a real estate (or jiu-jitsu/weight lifting/yoga) expert! Think of David Greene and Rob Abasolo as your spotters for today’s deep dive into buying a rental property. Their advice will help you lift the weight, even if you feel uneasy at times!
David and Rob, unsurprisingly, started out like everyone else in the real estate investing space. They had no deals, no experience, and not a lot of money. But, over the past decade, both have become experts in their specific investing niches—through trial and a lot of error. Now, they bring you more than a decade worth of combined experience so you can stop hesitating and start taking action.
If 2022 is the year for you to start building wealth and pave your path to financial freedom, then this is THE episode to listen to. David and Rob discuss the five most common rookie real estate mistakes and six bite-sized steps that will allow you, no matter your experience, to buy your first, or next, real estate deal. They’ll also give a full walkthrough on how to analyze a real estate deal, plus a special bonus that will allow you to hyper-accelerate your growth in the real estate investing world!
In This Episode We Cover
The two biggest hurdles that stop people from ever investing in real estate
The wealth-building “pillars” that all investors must know before they start investing
Five common mistakes that almost every real estate rookie will face
Why new investors should “commit” before they start educating themselves
Using your network around you to find real estate leads, financing, and contractors
How to analyze a deal for free using the BiggerPockets Rental Calculator
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Invest in David and Rob’s Next Property
David’s YouTube Channel
Grab Your Tickets for BPCon 2022
Get a Special Discount on BiggerPockets Pro Using Code “REPOD22“
BiggerPockets Calculator
Find an Investor-Friendly Agent in Your Area
Hear Our Episode with Rent By the Room Expert Todd Baldwin
Watch David’s Interview with CNN on Rising Interest Rates
Work with David’s Team at The One Brokerage on Your Next Home Loan
Connect with David:
David’s Instagram
David’s BiggerPockets Profile
Connect with Rob:
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-613
Learn more about your ad choices. Visit megaphone.fm/adchoices -
If you’re looking to buy rental properties, build a real estate portfolio, and level up your wealth?—you’re in the right place. But, as the housing market stays red hot, it can be a struggle for both new and old investors to know where to look for their next cash flow or appreciation play. Do you stick with on-market properties that may be easier to come by but with serious competition, or do you go the off-market property route and look for distressed, yet overlooked properties.
Get answers to this question (and many more) on this episode of Seeing Greene, with your host, David Greene. As always, David takes questions from you, the listeners, to answer some 2022-specific and age-old questions about rental property investing and real estate as a whole. Topics of today’s show include classics like buying new construction vs. an existing rental property, how to invest within your retirement accounts, on-market deals vs. off-market deals, and why certain properties stay on the MLS for so long.
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:
Buying for appreciation vs. cash flow in today’s fiercely competitive housing market
How to invest in real estate even if you’re well into retirement
The three main reasons that a property will sit on the MLS for months
When to quit your job and go full-time into real estate investing (and how to set yourself up for a successful departure)
The 1031 exchange and how it works to defer taxes for rental property investors
Using built-up equity to invest in more cash flow and higher appreciation
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Submit Your Questions to David Greene
BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks
BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors
Seeing Greene: Questions from BiggerPockets’ Best and Brightest (Episode 600!)
Seeing Greene: Should You Pay Off Debt or Invest in Real Estate?
Seeing Greene: FHA Loans, Cash Flow Shrinkage, & Bidding $200k Over Asking
10 Actionable Steps Anyone Can Follow to Buy a Rental Property
David Greene Meetups
David Greene Team
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-606
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Is multifamily real estate investing as complicated as investors make it out to be? If you’re Andrew Cushman of Vantage Point Acquisitions, you’d probably argue that although multifamily has a bit more complexity than single-family rentals, it’s still, by all means, profitable for the everyday investor.
In the early 2000s, Andrew didn’t know anything about pro formas, apartment underwriting, or the best type of mulch to use on large-scale landscaping. Now, more than a decade later, Andrew has been able to lead his team in acquiring, syndicating, and repositioning over 2,500 multifamily units. He’s here with David Greene to answer live questions surrounding anything and everything related to multifamily investing. He gives stellar takes on the current state of the market, how rising interest rates will affect multifamily investing over the next few years, and the best way to increase your ROI (return on investment) on a multifamily acquisition.
You don’t need to be a large-scale apartment investor to take away some golden nuggets from this episode. Even if you’ve never thought of investing in multifamily, Andrew frames multifamily in a way that’ll have you wondering, “could I buy that apartment down the street?”
In This Episode We Cover
The five most important factors to understand when looking at a multifamily deal
Multifamily debt and equity, plus how they dramatically differ from single family rentals
How to use pro forma calculations when underwriting a deal and protecting yourself from overinflated profit numbers
Whether or not today’s rising interest rates will cause a sell-off of multifamily properties
The easiest improvements that will dramatically boost your ROI on a multifamily property
What rookie investors get wrong about finding good deals in today’s market
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Submit Your Questions to David Greene
The 3 Cs to Achieving Success as an Investor
GoBundance
BiggerPockets Podcast 170: The Journey From Flipping Houses To Owning 1470 Units
BiggerPockets Podcast 279: How to Find Overlooked Opportunities in a Hot Market
BiggerPockets Podcast 586: The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals
BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal
David Greene Meetups
David Greene Team
Book Mentioned in the Show:
Raising Private Capital by Matt Faircloth
Connect with David:
David’s Instagram
David’s BiggerPockets Profile
Connect with Andrew:
Andrew’s BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-607
Learn more about your ad choices. Visit megaphone.fm/adchoices -
No money down real estate investing usually sounds too good to be true. It seems almost impractical that someone without much experience, money, or property can secure cash-flowing rentals without putting a dollar into the deal. Even more astounding, today’s guest Andre Haynes was paid a few thousand dollars to buy his first rental property. He shares his exact steps on how he did it on today’s show!
While investing in real estate with no money down can seem like an advanced concept, Andre wasn’t some cash-flowing wizard from the start. If anything, Andre’s upbringing may have brought some hurdles to the financial side of his life. He had no credit, no cash, was faced with eviction notices, and generally was falling behind financially as a parent. He had to take a hard look at his life, redefine his goals, and reevaluate his choices. From there, it was a hard, yet incredibly valuable, climb upwards.
Now, only a short time later, Andre has built a real estate portfolio worth over a million dollars. He has numerous cash-flowing assets that pay for his liabilities and has started to educate others about how they can do the same. He defines this easily repeatable process on today’s show but doesn’t gloss over the fact that the only thing stopping you from obtaining the wealth you desire, is yourself.
In This Episode We Cover:
How to invest when you come from an upbringing that lacks financial literacy
Giving up on your “dream” so you can pursue something much greater
Andre’s 5-steps to get your life together and how you can start using them today
Practicing delayed gratification and how simple sacrifices pay off big in the long run
The zero down loan program that Andre used to build his real estate portfolio
The importance of becoming a real estate investor before you buy your first property
And So Much More!
Links from the Show:
BiggerPockets Forums
BiggerPockets Podcast
BiggerPockets Agent Finder
BPCON 2022
NACA (Neighborhood Assistance Corporation of America)
MLS (Multiple Listing Service)
Realtor.com
Zillow
Rich Dad Poor Dad seminar
Airbnb
Vrbo
Turo
Peerspace
The Landlord Life YouTube series
Landlord Life Season 3 Episode 2 with Henry Washington
Mindset Matter Merch (No books here)
Henry Washington's Instagram
Brian Donnelly's KAWS
Connect with Andre:
Andre's Instagram
Andre's Business Website
The Landlord Life YouTube series
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-590
Learn more about your ad choices. Visit megaphone.fm/adchoices -
Want to know how to buy a rental property? If rising home prices, rent prices, and fierce market competition have you struggling to get something under contract, your real estate saviors, David Greene and Rob Abasolo are here to help. In 2022’s hot housing market, it can seem almost impossible for new real estate investors to get their foot in the door. But, if you follow what the experts are doing, you may be able to lock up your next investment while other buyers are stuck in bidding wars.
Whether you’re wondering how to buy your first rental property or your next rental property, David and Rob have answers for you. They’ve partnered up to buy luxury short-term rental properties in sunny Arizona, all while recording the exact steps they’re taking to land a deal. If you’re already investing in real estate, some of these steps may seem familiar to you, but the gems that David and Rob drop are rarely discussed (and incredibly helpful).
So, if you’re ready to start your real estate investing journey, build wealth, rake in cash flow, and build passive income, you’re in the right place. David and Rob define their ten steps to investing success so you can spend less time analyzing deals and more time collecting rent checks.
In This Episode We Cover:
How to define your investment criteria so you can find deals that fit your needs
Working with a partner and keeping the line of communication open
Blocking off time so you (and your partners) can focus on crossing the finish line
What to look for in a real estate agent and how to communicate to them what you want
Writing your offer with multiple strategies in mind so you can beat the competition
How to not become “emotionally attached” to deals that look too good to be true
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder
Dave Ramsey's Website
Zoom
BiggerPockets Podcast
AirDNA
Voice Notes
Bump App
Zillow
DavidGreene Team
Connect with Rob and David:
Rob's Instagram
David's BiggerPockets Profile
David's Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-589
Learn more about your ad choices. Visit megaphone.fm/adchoices -
You can build wealth with short-term rental investing quite easily. All you need is a great location, a solid property, a good strategy, some phenomenal cleaners…wait maybe it isn't all that easy. But it’s certainly doable if you’re willing to put in the time, effort, and work to make your vacation rental stand out from the rest. This is exactly what investorsDavid Greene and Rob Abasolo are doing with their current partnership—buying luxury homes and turning them into once-in-a-lifetime getaways for wealthy vacationers.
But maybe you’re not ready to drop a few million on a multifamily mansion. Even so, you can still make a phenomenal return in the short-term rental space, you just need to know how to do so. Back in episode 578, David and Rob walked through the first three steps in their short-term rental success strategy. Steps like finding a short-term rental market, choosing your location, and defining your strategy.
In this part two episode, David and Rob walk through the more granular steps to getting your vacation rental up and running. Steps like what property type works best for which investors, understanding your timeline so you can build wealth while obtaining financial freedom, and divvying up work between you and your partners (or investors). Follow all five (six) steps in this episode, and you’ll be on your way to cashing in the profits from your vacation venture!
In This Episode We Cover:
The four main types of short-term rental properties and the benefits of each
How to mitigate your investing fears so you and your partners can move with confidence
Understanding not only your cash flow goals, but your long-term equity goals as well
Laying out clear roles and responsibilities for each partner in the investment
How to cautiously bring in outside investors on your vacation rental deals
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Rent Estimator
BiggerPockets Forums
BiggerPockets Talent Search
BiggerPockets Rental Property Calculator
BiggerPockets Pro Membership
Airbnb
BiggerPockets Events
AirDNA
Invest With David Greene
BiggerPockets Podcast 578: The Secret Sauce Behind Short-Term Rental Success (Part 1) w/Rob Abasolo
Robuilt YouTube Channel: This is exactly how much your property will make on Airbnb
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-show-579
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Short-term rentals have taken the world by storm. Over the past two decades, the bed and breakfast type business has fallen prey to the more scalable short-term rental model. Real estate investors quickly realized that they could capitalize on the long-term equity gain of rental properties with the cash flow of hotels in one highly-lucrative asset class. Thus, the rise of the short-term rental, VRBO, and Airbnb investor was born.
Arguably the most notable short-term rental investor in the space today is good friend of the show, Rob Abasolo. Rob is such a pioneer in the short-term rental investing area, that veteran agent, broker, and investor David Greene, has partnered up with him to collectively build their cash-flowing, equity-increasing empire together. With dozens of deals under both of their belts, Rob and David walk through the five steps that it takes to find success in the short-term rental space.
This episode is split up into two sections, with the latter coming out right after this one. In this show, Rob dives deep into finding a short-term rental market that fits your needs and goals, choosing a location that specifically benefits you as the investor, the different types of short-term rentals, and how to build a vacation rental strategy that will match your goals for financial independence. Whether you’re thinking of buying a snowy chateau or a desert domicile, Rob and David will help you put the pieces together so you can build a strong portfolio that will benefit you for decades to come.
In This Episode We Cover:
Choosing a short-term rental market and what aspects to look for
Cash flow vs. appreciation and which matters more when it comes to STR investing
The four types of short-term rental markets and which have the best chance of success
Seasonality and factoring it into your revenue and profit calculations
The risks of investing in vacation rental markets and how to scale your portfolio faster
And So Much More!
Links from the Show:
BiggerPockets Forums
BiggerPockets Youtube Channel
Airbnb
Brian Chesky's Linkedn profile
Julian (San Diego, California) town profile
Eureka Springs City (Arkansas) profile
Waco City (Texas) profile
Chip and Joanna Gaines HGTV profile
Copperopolis Town (Calaveras County, California) profile
AirDNA
Destin City (Florida) profile
Gatlinburg City (Tennessee) profile
Great Smoky Mountains
Zillow
Redfin
Robuilt YouTube Channel: HOW MUCH MONEY MY TINY HOUSES MAKE and why Airbnb is the best way to make passive income
Robuilt YouTube Channel: This is exactly how much your property will make on Airbnb
Check the full show notes here: https://biggerpockets.com/blog/biggerpockets-podcast-578
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Why work at a lame job until you’re too old to enjoy the life you’ve been given? If you are looking to get out of the rat race earlier, this is one episode you can’t afford to miss. Today on The BiggerPockets Podcast, we sit down with Bryce Stewart, a former school teacher who was able to quit his job at age 35 through the smart purchases of small multifamily properties. Bryce shares his powerful story on how he was able to build a portfolio of 22 units that give him $10,000 per month in income. Bryce also shares a phenomenal concept he called “vacuuming the truck,” which could change the way you think about real estate (and life) forever.
In This Episode We Cover:
Bryce’s special introduction
His inauspicious beginning as a real estate investor
What he learned from his mistakes
How a friend who lives for free in his apartment influenced him
What he’s learned from having his first duplex
What you should know about PITI
How he financed the purchase of his duplex
The upsides of being a landlord
The risks of real estate investing
The “vacuum truck” story
The number of units he has and the reason he retired
How to seek out “hidden ROIs”
How he finds and funds deals
What his future looks like
And SO much more!
Links from the Show
BiggerPockets Forums
Trulia
Zillow
HotPads
Broke to Retired in 15 Years
Mr. Money Mustache
Grant Cardone
BiggerPockets Podcast 272: No Money, No Deals, No Time? Overcoming Real Estate’s “Big Three” with Brandon Turner & David Greene
Tweet Mindy
BiggerPockets Youtube Channel
Books Mentioned in this Show
Rich Dad Poor Dad by Robert Kiyosaki
Think and Grow Rich by Napoleon Hill
Fire Round Questions
Would you decrease monthly rent in order to keep a good tenant?
I’m having a hard time finding a QUALIFIED tenant.
Where do you list your properties for rent?
Tweetable Topics:
“You can live more cheaply by buying a multifamily.” (Tweet This!)
“Sometimes you need a partner to push you to be a little stronger.” (Tweet This!)
“You don’t want to mitigate the risk of real estate. They are there.” (Tweet This!)
Connect with Bryce
Bryce’s BiggerPockets Profile
Bryce’s Youtube Channel
Bryce’s Company Website
Bryce’s Email Address
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People spend years thinking about buying real estate—but many never take the first step. Not today’s guest, though! Today, we sit down with Craig Curelop, a new investor in the expensive Denver market, as he shares his story of buying his very first “house hack” and how’s he’s actually getting PAID to live for free. You’ll also learn some other creative way Craig is generating extra income each month (including renting out his car!) on his quest for financial freedom. It’s a super inspiring story with a plethora of tips, so don’t miss a moment of it!
In This Episode We Cover:
Craig’s story and how he found out about BiggerPockets
What he does at BiggerPockets
How he house hacked his first home in Denver
Tips for finding a good agent
How to find a good lender
What exactly PITI is
How he’s generating rent from his place
His method of fast tracking his way to financial freedom
How his Airbnb system works, including how he handles cleaning
Tips for turning liabilities to assets
How he rents out his car
A discussion on having a frugal lifestyle
His future plans for real estate investing
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Webinar
BiggerPockets Marketplace
12 Easy Tips to Reduce Your Vacancy Rates and Find Great Tenants (blog)
Airbnb
Craigslist
Turo
Books Mentioned in this Show
The Book on Rental Property Investing by Brandon Turner
Set for Life by Scott Trench
The 10x Rule by Grant Cardone
The One Thing by Gary Keller
Rich Dad Poor Dad by Robert Kiyosaki
Never Split the Difference by Chris Voss
The Four Agreements by Don Miguel Ruiz &? Janet Mills
Fire Round Questions
Do I need to disclose to my “roommates” that I am the landlord and owner?
Is it a good deal to get a duplex (for the purpose of house hacking) if you paying small amount from your pocket every month to cover all the costs?
Has anyone put a kegerator in their Airbnb?
What would you recommend: pool, hot tub or none?
Tweetable Topics:
“The first step to buying a property is to find a lender and to find an agent.” (Tweet This!)
“To find the lender that’s right for you, you have to have the criteria you’re looking for.” (Tweet This!)
“Everyone has a unique advantage in their life.” (Tweet This!)
Connect with Craig
Craig’s BiggerPockets Profile
Craig’s Facebook Profile
Craig’s LinkedIn Profile
Craig’s Twitter Profile
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Hearing Bryce Stewart’s story may sound familiar to long-time BiggerPockets Podcast listeners. That’s because Bryce was on Episode 276 where he gave the great metaphor “vacuuming out the truck” relating to real estate investments.
Bryce is back to talk about being a great mentor/mentee, what every contractor needs before working on a rental, how to go from active to passive real estate ownership, and his new book House-Hacker’s Guide To The Galaxy.
Bryce understands what it’s like to be a new investor. Every step seems hard, the end result seems almost impossible, so where do you even start? Simply, take a step forward, no matter how small it is. Even just starting to save a few hundred bucks a month can be your first step towards becoming a real estate investor.
As time goes on, these small steps become giant leaps, and what seemed impossible at first, can now be doubled since you have the know-how. Bryce takes us back to a time where he didn’t know how to get his property taxes lowered, but through very incremental steps was able to make a case and save himself thousands of dollars in the long run.
Looking for a mentor? Stick around to hear Bryce’s top piece of advice for any new real estate investor. This simple tactic can help beginner investors know more about what they’re getting into and also show the mentor they’re serious about their new interest.
In This Episode We Cover:
Why small steps can lead to massive leaps in real estate investing
How to go from an active to a passive investor
Why newbies should know what collateral is and how it affects their loans
What every contractor needs to have before they work with Bryce
A specialized and creative new BRRRR strategy
What you can do to get your foot in the door as a real estate investor
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Bookstore
BiggerPockets Podcast 276: Early Retirement ($10k/Month) by Age 35 with Bryce Stewart
BiggerPockets Webinars
Docusign
Dotloop
M1 Mastermind
YNAB
Zillow
The Crown (Netflix)
Young Life
Check the full show notes here: http://biggerpockets.com/show442
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Real estate is sexy… most of the time. But is that really what makes it profitable? On today’s show, we sit down with Charles Roberts, an investor and agent from the Denver market. He explains that the secret to success is far more boring than we like to admit. In this episode, we explore Charles’s story and the lessons he’s learned over his 20+ year career, including how his first deal failed miserably, how he helped another investor retire through rentals in just five years, and his strong belief that the deal isn’t as important as most investors think — plus so much more! Charles is incredibly wise, and he has years of experience — so this is one episode that you’ll come back to time and time again.
In This Episode We Cover:
How Charles got started by buying his first duplex
A 15-year loan vs. a 30-year loan
How he managed to go full time as a fix-and-flipper
What went wrong — despite having 29 properties
Should newbies get into flipping?
Figuring out what works and what doesn’t
What Charles looks for in a partner
The benefits of helping someone else achieve success in real estate
Scaling, and what he thinks about it
Why lending is important in real estate
Work harder not smarter
Where is he finding deals
And SO much more!
Links from the Show
BiggerPockets Forums
Share your story to the No Money Book
BiggerPockets Store
Dave Ramsey’s Calculator
Billions TV Series
BiggerPockets Podcast 274: “Because of These 3 Simple Rules, I’ve Bought Over 600 Units and Never Lost Money” with Paul Morris
Books Mentioned in this Show
Rich Dad Poor Dad by Robert Kiyosaki
The Book on Investing with Low or No Money Down by Brandon Turner
The Book on Flipping Houses by J. Scott
Lifeonaire by Steve Cook & Shaun McCloskey
Set for Life by Scott Trench
The Millionaire Next Door by Thomas Stanley & William Danko
Born to Run by Christopher McDougall
Tweetable Topics:
“We think that everybody else is stupid but it turns out we’re the ones stupid.” (Tweet This!)
“You don’t know anything until you do it.” (Tweet This!)
“You want to work with people you like.” (Tweet This!)
“The harder you work the smarter you end up.” (Tweet This!)
Connect with Charles
Charles’ BiggerPockets Profile
Charles’ Company Website
Email Charles
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Most people understand the world of rental properties, house flips, and other common real estate investments. But there is one little-known niche that could provide massive cash flow and profits without the headaches: note investing. In this episode of the BiggerPockets Podcast, we sit down with Dave Van Horn, author of Real Estate Note Investing, to talk about how anyone can get started with real estate note investing—even as a first investor. In addition to a great conversation about notes, you’ll also hear some of Dave’s powerful strategies for getting his real estate offers accepted, how he started his investments using the BRRRR strategy (with credit cards!) and much, much more.
In This Episode We Cover:
What is a note?
The types of notes available
Ways to start investing in notes
How much cash one needs to have a note
Dave’s backstory as a real estate investor
Dave’s shift to note investing
What hard money is
Three things you need to put together a deal
Getting bank financing
Performing vs. non-performing notes
Shadowing and how to do it
Making multiple offers
What happens when a performing note becomes a non-performing note?
About the book
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Calculators
Veggie Tales: Song of the Cebu
BiggerPockets Podcast 028: Note Investing and Raising Private Money with Dave Van Horn
Prosper
Books Mentioned in this Show
Multiple Streams of Income by Robert Allen
Real Estate Note Investing by Dave Van Horn
The First Entrepreneur by Edward G. Lengel
Abundance by Peter H. Diamandis
Fire Round Questions
Is it possible to purchase your own Non Performing Note?
If I want to be an individual NOTE investor, how much money do you need to have to play?
Would it be a smart strategy to buy NPN or defaulted mortgages just to foreclose on them for profit?
Tweetable Topics:
“It’s not only about what you’re paying, it’s about how you’re paying it.” (Tweet This!)
“You don’t need any money, you just need a deal.” (Tweet This!)
Connect with Dave
Dave’s BiggerPockets Profile
Dave’s Website
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Busy people tend to be...busy, and often, real estate investing is one of the things that they “just don’t have time for”. If you feel that way, listen to today’s guest, Dion Mcneeley as he describes his own system for buying real estate the “lazy” way.
Dion was a police officer and a truck driving instructor, taking care of his kids as a single parent, and struggling to get ahead. He went from $89,000 in debt to becoming debt free and financially free, thanks to the help of rental properties, in just 10 years.
After buying his primary home, Dion heard of success in owning rental properties, so he decided to move out of his house and into an apartment to see if he fit as a landlord. He rented the house to his friend, who later moved out without notifying him. Dion tried to make landlording work with another tenant, but ended up being underwater on the house payments. This is when he found BiggerPockets and read Rich Dad Poor Dad.
What was Dion’s mistake? He wasn’t running his rental properties like a business. After upgrading his processes, he went on to buy and house hack a duplex. Then he bought another duplex as an investment, and another one, then another house hack duplex. Within just 6 years, he had 7 units and was raking in $2,700 a month in pure cash flow!
Dion talks about the mistakes he made, why he prefers side-by-side duplexes, how he’s located his properties for maximum asset protection, and goes into his amazing strategy for getting tenants to sign longer leases and raise their own rents. You can check out Dion’s Youtube channel or find him on the Real Estate Rookie Facebook Group!
In This Episode We Cover:
Why being lazy can be a benefit when building systems for real estate
How to use your job and your rentals to achieve a 100% savings rate
The benefit of side-by-side duplexes as opposed to two-story duplexes
Making sure that your procedures are easy so they can be repeatable
Getting tenants on longer leases and higher rents with the “Binder Strategy”
Spacing out rentals so you have a large pool of tenants to choose from
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Podcast 276: Early Retirement ($10k/Month) by Age 35 with Bryce Stewart
BiggerPockets Podcast 443: 10 Ways to Learn Anything Faster with Jim Kwik
BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah
BiggerPockets Money Podcast
BiggerPockets Business Podcast
BiggerPockets Rookie
Rookie Podcast 51: 18 Deals in 2 Years AND a Full Time Job with Kevin Christensen
CDS Rental Calculator App
BiggerPockets Rental Calculator
Zillow
Trulia
Wells Fargo
Guild Mortgage
BiggerPockets Facebook Group
Check the full show notes here: http://biggerpockets.com/show448
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