BiggerPockets Real Estate Podcast
Business:Investing
You hear us talk a lot about buying real estate, but what real estate deals are WE doing in 2024? Today, we’re pulling back the curtain on our portfolios, walking you through actual deals we’re doing, how much they cost us, how much they’re making, and why, surprisingly, one of us STOPPED buying real estate to focus on something that’ll make much more money. Want to know what it is? We’re about to give you every detail you need to repeat the real estate deals we’re doing!
First, Rob will talk about his Pink Pickle…yes, you read that right. It’s the newest bachelorette party-themed short-term rental in Austin, Texas! This short-term rental has everything you’d ever need: a pink pickleball court, a pink dinosaur, a mysterious red button that you SHOULD NOT PRESS, and an above-ground pool. This property took a LOT of work, but it only happened because of a real estate deal gone wrong.
Next, David gives a masterclass on how to make half a MILLION dollars in equity on one rental property. He also shows you how having an investor’s eye can allow you to TRIPLE the square footage of a home and skyrocket the rents, making you much more cash flow than you thought possible. And no one even wanted this property in the first place! How do you find these hidden deals? Stick around; we’ll show you!
In This Episode We Cover:
Whether to buy more doors or reinvest in your real estate portfolio in 2024 (and what we’re doing)
Housing market headwinds that are stopping most investors and how to get around them
Turning a house flip gone wrong into a cash-flowing short-term rental
How David turned a tiny house into a $1.3M triplex with a HUGE equity position
The BRRRRSTR strategy explained (buy, rehab, rent, refinance, repeat, short-term rental)
Why you always check for extra square footage BEFORE you make an offer on a house
And So Much More!
Links from the Show
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Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
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Find a BiggerPockets Real Estate Meetup in Your Area
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David's BiggerPockets Profile
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Rob's BiggerPockets Profile
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Rob's X/Twitter
Rob's YouTube
How to Invest in Short Term Rentals (STR)
How to Invest in Real Estate With the BRRRR Method
Book the Pink Pickle
Why I stopped buying real estate (and why you should too)
Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-914
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781.5: What to Buy During the Newest Real Estate Crash w/Willy Walker
781: The Beginner’s Guide to Finding Undervalued, Off-Market Deals in ANY Market
780: The Step-by-Step Guide to Building a Medium-Term Rental Empire w/Jesse Vasquez
779: How Delivering Pizzas Helped Me Build a 27-Unit Rental Portfolio w/Pamela Bardhi
778: How to Build a Million Dollar Rental Portfolio with Little Time OR Money w/Niti Jamdar & Palak Shah
777: Seeing Greene: Investing Later in Life? You’re Still in Luck!
776: $42K/Month in Cash Flow By Buying a…High School? w/Jesse Wig
775: BiggerNews: Rent Unaffordability Crosses Dangerous New Threshold w/Lu Chen and Thomas LaSalvia
774: Seeing Greene: Bleeding Rentals, Bad Flips, and The Safe Haven For Your Cash
773: Replacing His Income with $70K/Year Cash Flow After a Close Call with Death w/Pasha Maleknia
772: Stop Looking for Perfect Properties, Search for These Instead
771: Seeing Greene: Getting Into Your First Property is Cheaper Than You Think w/Kristina Smallhorn
770: Retirement Accounts Collecting Dust? Use Them to Buy Real Estate! w/Kaaren Hall
769: The Beginner’s Guide to “Infinite Investing” with the BRRRR Method
768: Seeing Greene: Do This BEFORE You Leave Your 9-5 Behind
767: Multifamily Market Update + What a 20 Year Veteran Knows That You Don’t w/Angie Smith
766: Explosive Growth Could Be in Store for These Two Real Estate Markets w/Kim Meredith-Hampton and Victor Steffen
765: Seeing Greene: Out-of-State Mistakes, “Low Risk” Real Estate, & False Cash Flow
764: Making $200K/Year in JUST 3 Years with This High-Cash Flow Strategy w/Brittany Swait
763: Barbara Corcoran's Wild Real Estate Tactics You'll Want to Repeat
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