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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Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
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David's BiggerPockets Profile
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Rob's BiggerPockets Profile
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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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911: The “Value-Add” Playbook: How to Boost Equity and Bring in MORE Cash Flow
910: Zillow’s “Trends Expert” on How to Sell Your Home Faster (and For More!) w/Amanda Pendleton
909: 6 Expert Tips for Out-of-State Real Estate Investing
908: $400,000/Year From One Unique Rental Property w/Amanda and David Fornelli
907: Seeing Greene: $100K In Equity But NO Cash Flow, Should I Sell?
906: How to Become a Millionaire Through Real Estate Investing (Beginners!)
905: Fannie Mae: Multifamily Is STILL Undersupplied, Rent Growth Likely w/Kim Betancourt
904: Does the BRRRR Method Still Work in 2024?
903: 120 Rentals in 3 Years by Buying Multifamily During a BAD Market w/Brian Adamson
902: Seeing Greene: Investing WITHOUT Burning Out and What We’d Do With $1M
901: The 6 Beginner Steps to Take Before Investing in Real Estate
900: The Truth About Real Estate Investing in 2024 (What Investors NEED to Know) w/Brian Burke, J Scott, and Scott Trench
899: The Renovations That’ll Instantly Increase Your Home Value (Part 2) w/James Dainard and Jessie Rodriguez
898: Making $175K in Instant Equity on Her First Real Estate Deal w/Lacey Russell and Sam Haack
897: Seeing Greene: Generational Wealth 101 and Getting Started in a Tough Market
896: The Renovations That’ll Instantly Increase Your Home Value (Part 1) w/James Dainard and Jessie Rodriguez
895: BiggerNews: How Climate is Exploding Insurance, Building, and Investing Costs w/Natalie Ambrosio Preudhomme
894: How to Buy a Rental Property in 90 Days (or Less!)
893: 2024’s New BRRR Strategy: BUILD, Rent, Refinance, Repeat w/Natalie Cloutier
892: Seeing Greene: How to Retire with Real Estate and Negotiate Your Loans
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