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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871: BiggerNews: Why the Crash Predictors Are Wrong About a Foreclosure “Crisis” w/Rick Sharga
870: The Real Estate “Strategy” ANYONE Can Use to Build Wealth in 2024
869: Why NOW is The Time to Buy a House (BEFORE Rates Go Down) w/Avery Carl and Caeli Ridge
868: Buying Rental Properties for $0 Down, 0% Interest the Creative Way w/Dedric and Krystal Polite
867: Zillow and Redfin Top Economists Give Their 2024 Housing Market Predictions
866: Do College Football Towns Make the BEST Real Estate Investing Markets?
865: Debunking the Housing Market: Why 86% of Americans Are Wrong About Real Estate
864: Seeing Greene: How to Make Even MORE Cash Flow Off Your Rental Properties
863: Commercial Real Estate: The “Buy Box” for Buying BIG Properties w/Kim Hopkins
862: From Sleeping on a Dirt Floor to Making $80K/Month (in 2 Years!) | ENCORE EPISODE
861: The Key to Scoring Discounted Deals in One of America’s Hottest Markets
860: How I Made $50K in 6 Weeks in an “Extremely Competitive” Market
859: BiggerNews: Fed Announces Rate Cuts, Jobs Grow, and Boomers Buy Up Housing
858: Real Estate Gone Wrong: The House Flip That Fell Over (-$380K) w/James Dainard
857: The House That Almost “Broke” Me: Losing $350K on ONE Property w/Mindy Jensen
856: College Dropout to $110K/Year in Cash Flow by Buying “Sheriff Sale” Properties w/Hunter Lawler
855: Seeing Greene: Student Housing, Lease Options, and How to Buy with High DTI
854: The State of Real Estate Investing: What You Need to Know for 2024
853: How to Make a 120% Return by Buying “Negative” Cash Flow Real Estate
The Simple, Repeatable Path to Wealth with Real Estate in 2024 w/Scott Trench
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