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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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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829: How to Get "Unstuck" in Real Estate by Following These Simple Fundamentals
828: Seeing Greene: How Long to Hold On to a BAD Rental Property
827: From $16/Hour Factory Wages to SIX-FIGURE Real Estate Paychecks w/Keith Everett
826: 5 Steps to Get ANY Home Offer Accepted (WITHOUT Being the Highest Bidder) w/Christian Bachelder and Lindsey Iskierka
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824: Bankruptcy to Financial Freedom by Following the “No B.S.” Real Estate Rules w/Jason Lewis
823: The Tax-Free Strategy Only Real Estate Investors Can Access w/Mitchell Baldridge
822: Seeing Greene: The 10-Year Real Estate Retirement Plan (Use Home Equity!)
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821: From Making $48K/Year to Millionaire By His Mid-30s w/Ryan Tseko
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818: From 16-Year-Old Skater to Investing in “Cash Machine” Kmart Conversions w/Mikey Taylor
817: 2 “Slam Dunk” Small Multifamily Deals in 2023 (and Where to Find Them) w/Dan Nelson and Jodi Gauthier
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