https://www.biggerpockets.com/show471

We like to think that we have a lot of winners on the BiggerPockets Real Estate Podcast, whether they are in real estate or not. We may have one of the biggest winners on today's show. Tim Grover, trainer to Michael Jordan and Kobe Bryant joins us to talk about overcoming adversity, developing a winning mindset, finding what makes you fail, and his new book, accurately titled Winning: The Unforgiving Race to Greatness. 

Tim argues that one of the hardest things to succeed in is business since there are so many factors that influence success. When you own or run a business, you’re constantly being thrown curveballs (like a global pandemic tied with government shutdowns). So how do you succeed when there is a constantly changing game plan? You adapt, you overcome, and you mitigate failure.

These are the exact lessons that Tim taught to his high-profile clients, like Michael Jordan and Kobe Bryant, arguably the two greatest basketball players of all time. Before MJ and Kobe became the best, they had to master being average, then being good, then being great. So many people want to take shortcuts to greatness, not understanding that mastering those different levels is what truly puts you on a different stage than those who master the average level and give up.

BiggerPockets Podcast 471: What Michael Jordan and Kobe Taught Tim Grover about "Winning"

https://www.biggerpockets.com/show496


For the most part, Brandon Turner was able to achieve financial independence through small multifamily investing. This is why investing in duplexes, triplexes, quadplexes, and even 24-unit apartment buildings can be a fantastic learning experience and money maker for new landlords. But how do you get started if you’ve never bought a property before?

Brandon and his co-author of The Multifamily Millionaire, Brian Murray, walk through the seven steps to go from real estate onlooker to small multifamily master. We talk about everything from defining your criteria, financing, management, lead generation, and more. If you’re looking to build a portfolio of small multifamily properties that will allow you to break out of the rat race and do more of what you love (which may be large multifamily), make sure you not only listen to this whole episode but get Brandon and Brian’s new book!

This is a two-part episode series. In part one we talk about small multifamily and in part two we talk about large multifamily, both episodes have crucial information for anyone trying to get into the multifamily space!

BiggerPockets Podcast 496: Become a (Small) Multifamily Millionaire in 7 Steps

https://www.biggerpockets.com/show516

Everyone knows that financial education is one of the most crucial things to teach children at a young age. It doesn't just set them up to be wealthy, but it gives them the tools to be confident, choose delayed gratification, and hopefully, impact another young person’s life one day. This is understood wholeheartedly by Rashad Bilal and Troy Millings, former financial advisor and school teacher.

What had started as a small classroom experiment in teaching children financial literacy turned into a media empire. Rashad and Troy shared their class teachings online, which pushed them to create a course for the kids, and later into the Earn Your Leisure podcast, where they talk about everything ranging from high-value financial concepts to sports to entertainment and more.

What keeps Rashad and Troy going is knowing that their work is allowing thousands of people to improve their life situations, whether children or adults. The duo not only talks extensively about the difference between financial assets and liabilities but about relationship assets and liabilities. This helps answer the question: who’s helping bring you up and who’s trying to keep you down?

BiggerPockets Podcast 516: Are You an Asset or Liability to Those in Your Life? w/ Earn Your Leisure

https://www.biggerpockets.com/blog/real-estate-641

Vacation rentals, real estate agent commissions, brokerage fees, insurance quotes, and everything in between just start to scratch the surface of who Christian Bachelder is. Some of you may have seen Christian before on our YouTube channel where he talks about interest rates, loan products, and other future financing projections. But today, Christian gets to talk about how he not only built a large rental portfolio but did so while running multiple businesses.

Even as full-time workers, many Americans feel like they don’t have enough time in the day to relax, let alone invest. So how does someone with a jam-packed schedule, a lot of pressure, and a mountain of responsibilities find time to not only buy one rental but fifteen rental properties in a year? To Christian, it took a bit of trial and error, but the answer is simply making your time as efficient as humanly possible.

He’s been able to heavily invest, start and run one of the top mortgage brokerages in the country, work as an agent, and provide insurance to clients as well. He drills down into what business owners and investors alike need to do to reclaim their time, and once it’s theirs, use it to the highest and best use. He also drops some financing pro tips that may help you lower the down payment you need or close with a better-than-average interest rate!

How to Buy Your First 3 Rental Properties (Step-by-Step) This Year!

https://www.biggerpockets.com/blog/real-estate-649

Alex Hormozi is quite literally the one hundred-million-dollar man. If you haven’t heard of Alex before, prepare to have your mind blown wide open. He’s the poster child for entrepreneurialism on the internet, founding multiple eight and nine-figure businesses, including his current venture that does over $150M per year in revenue. He’s one of the wisest founders and CEOs out there, not because he does so much, but because he knows when to do less.

One of Alex’s first successes, Gym Launch, proved how repeatable building multi-million dollar businesses can be. He quickly ramped up revenue, grew a team, and began cash-flowing seven figures. But, this was just the beginning. Over the past decade, Alex has advised numerous start-ups and established businesses, blowing revenue and sales figures out of the water by introducing easily-repeatable systems into the mix

There aren’t many people who think like Alex is in his industry, or in any industry, to be fair. But, you don’t need to be just like Alex to use his teachings in real life. In this episode, Alex lays out the scaling system that will make you seven figures before you know it. He also talks about the one investment every entrepreneur should make—one that almost guarantees success, regardless of the field you're in.

Want to learn how to ditch the burnout, make moves that count, and start bringing in millions? Hit play on this episode.

Alex Hormozi on The “Weak Links” That Will Make Anyone a Millionaire

https://www.biggerpockets.com/blog/money-333

In the early retirement movement, becoming a millionaire is a crucial part of the financial path. While everyone has different spending habits, the first million will allow you to start pivoting so you can make choices for your enjoyment, not just for the sake of money. But when is it too late to start making these moves? Is there a certain point where early retirement, or retirement at all, is off the table? If you think so, listen to today’s episode with Courtney Robinson.

Courtney was raised frugal, and unlike most, she never strayed off that path. Buying old cars, eating at home, and seeing matinee movies were the norm for her, but this began to get harder and harder as her family grew. Courtney was raising four children on her own, making only $15,000 per year, with multiple debts to pay off. But now, only ten years later, she’s a millionaire with equity, retirement investments, a large cash reserve, and multiple rental properties.

How did she make the switch in the “late period” of her life? Courtney goes over the details that led her and her husband out of bankruptcy, into investing, and eventually to millionaire status. By no means was this an easy or quick journey, but Courtney serves as living proof that even if you’re in your forties or fifties, you still have plenty of time to build a strong financial foundation, and maybe retire early!

From Broke at 40 to FI at 50 While Raising 4 Kids

https://www.biggerpockets.com/blog/real-estate-661

The multifamily real estate market seemed almost impenetrable over the past two years. Unless you had millions in dry powder, ready to overpay for a huge apartment complex, there was a low chance you’d be making any money in the multifamily industry. This gave the big buyers an unfair advantage, while smaller investors struggled to put almost anything under contract. The tables have started to turn as interest rates rise, repricing becomes the norm, and multifamily buyers start fleeing the closing table.



It’s now your time to shine, small-scale investors. As large buyers begin to fear a housing market crash, you can swoop up the spoils that could benefit you for years to come. But, before you do so, you’ll need to understand how exactly multifamily investing works. Back again on the show are Andrew Cushman and Matt Faircloth, two multifamily masters in their own rights. 



They’ve become real estate veterans after over a decade worth of investing experience. Now, they’re here to share some beginner steps and tips on how you can get into the world of multifamily real estate, regardless of your experience, knowledge, or bank account size. These steps are simplistic at a high level, but doing them correctly could help you beat out the competition for years to come. The only question is, are you ready to start?

How to “Start from Zero” in Today’s Multifamily Market

https://www.biggerpockets.com/blog/real-estate-685
Finding off-market properties was much harder a few years ago than it is today. Before you’d have to drive for dollars, mark down addresses, build a spreadsheet, constantly update it, and maybe, just maybe, you’d get a motivated seller willing to do a deal with you. This process was overly complicated, expensive, and took too much time. Because it was so challenging, many new real estate investors would forego looking for off-market deals entirely and only stick with on-market MLS listings. But things have changed.

We’ve brought back four-time guest, Justin Silverio, onto the podcast to talk about his new tool, Invelo. Invelo puts all your lists, leads, and tasks into one place, so you’re not scatterbrained when building an off-market lead flow. This app allows anyone, no matter their experience level, to find owners, phone numbers, and addresses while tracking your touch points in a systematized, automated way, so you always have new leads coming in.

This software is a game changer for flippers, wholesalers, and any investor trying to dodge the high prices and agent commissions of buying on-market. And Justin assures us, even if you’ve never done an off-market deal, Invelo will give you everything you need to successfully get the first one in the bag. Stick around ‘til the end of the episode, where we share a special way to start marketing for free with this game-changing tool!

How to Easily Find Off-Market Properties (No Experience Required!)

biggerpockets.com/blog/rookie-235
To have something you’ve never had, you have to be willing to do something you’ve never done before. Today’s guests, Amy Wright and Mitch Mathern are doing something most people haven’t seen before, a twist on the BRRRR method. They’ve closed on three properties in three years, and all their properties are over 100 years old!

Amy and Mitch started their real estate journey right before COVID and went into contract on their first property in February 2020. They started investing when Amy was fresh out of college, and with no money to buy an investment property, they bought a primary residence instead. Since they purchased the home as a primary residence, they used an FHA loan and came to the closing table with only $7,000! Their first property marked the beginning of their strategy: purchase as a primary, rehab, and rent—the PRR.

But buying older homes isn’t a drawback to this strategy, it’s a benefit! Amy and Mitch refer to themselves as restorers instead of flippers. While they rehab their homes, they do their best to keep the character and history alive. Their unique strategies have helped them differentiate themselves in their market and succeed. They hope to keep up their current pace of one property a year and eventually increase the number of properties per year as they continue to scale.

Investing in 100-Year-Old Homes Straight Out of College and the "PRR" Method

https://www.biggerpockets.com/blog/real-estate-688

Scott Galloway, NYU professor commonly known as “Prof G,” thinks that America is adrift. Communities are dying, young people are feeling helpless, and wealth is slowly being sucked out of the system to give the ultra-rich even more comforts than before. The average American merely wants to make it—having a house, a family, and maybe an ounce of peace. But with mainstream media violently pointing fingers at one another and the modern worker feeling desolate in the daily grind, what can we do to put this country on the correct course?

Scott knows that the game is rigged. He has strong feelings that real estate investors, like many of us, are playing with “cheat codes.” But, that doesn’t mean we’re doing anything wrong. Scott dives into his personal philosophy on who has taken advantage of this country, who needs the most help, and how a young, aspiring entrepreneur or investor can build wealth, without blindly buying into “sexy” assets.

Although Scott likes real estate (and wishes he bought more of it), he cautions young investors to take a step back and be intelligent with their investments. A few right moves when Scott was young allowed him to live the life he has today—but this was through hard work and taking the right action, not waiting for someone else to save him. No matter what age you are, what side of the political spectrum you fall on, or your feelings toward real estate—Scott has words you’ll want to hear.

Scott Galloway (Prof G) on Why Smart Investors Stay Away from “Sexy”

https://www.biggerpockets.com/blog/money-355

Travel hacks, spending hacks, medical hacks. If there’s one thing that Chris Hutchins has learned from hosting the All the Hacks podcast, it’s that everything is negotiable. You can travel to over sixty countries for (almost) free, outsource your cooking at a reasonable rate and even get free money once forgotten. Chris should know—he’s done all this and more as he works to optimize every aspect of his life, both financially and personally!

Chris was hacking at a very young age. In high school, he made a fake magazine so he could score free press passes to concerts. When he was away at boarding school, he would buy whole pizzas and sell them by the slice just to afford a few slices of his own. Then, later when he quit his job to travel the world, Chris and his partner hit over sixty countries, using credit card points to globetrott from South Africa to Singapore!

Now, as a father, Chris is more concerned about hacking his time. He’s got kids to take care of and doesn’t want to waste a second of his day that could be spent planning for, or playing with, his children. In today’s episode, you’ll hear some of the most insane life hacks, from hiring a personal chef for a fraction of the cost to getting free champagne at any hotel stay and even snagging twenty to thirty percent off of your dream vacation villa. These hacks work (we tried them in real-time), and you may need a pen and paper to write them all down!

All the Money Hacks We WISH We Had Known About

biggerpockets.com/blog/rookie-238
Section 8 investing isn’t as scary as it seems. Most landlords will opt to not rent to section 8 tenants, fearing non-payment or just getting stuck with a bad renter. But, this means that the tens of thousands of potential tenants, waiting with guaranteed rent, have nowhere to stay, while you struggle to fill an empty unit. Ashley Hamilton, Detroit-based investor, thinks that not renting to section 8 tenants could be a huge mistake.

Welcome back to this week’s Rookie Reply! This time, we’ve got Cullen asking: Is it a bad idea to invest in properties out of state where the housing market is cheaper and more affordable for us? Or would it be better to save more money and invest in the market we are currently living in?

Good news for Cullen, we’ve got a cash flow market expert here to help answer his question!

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).

Rookie Reply: Section 8 Investing and Which Cash Flow Markets Make Sense

https://www.biggerpockets.com/blog/money-356

Tech stocks were slam dunk investments for the past decade. No matter what you invested in—Google, Facebook, Amazon, or even some obscure AI toaster company—you probably made decent returns. But, after years of continuous economic growth and massive government stimulus, tech stocks are finally starting to get shaky. The problem? New investors like Zoe have huge paper losses on their dashboards. But is this worth worrying over?

Zoe is an ideal investor. At just twenty-four, she already has close to six-figure wealth, with a house hack, a respectable retirement portfolio, and a solid income every month. She’s making the right moves but feels like some of her most recent choices haven’t hit the mark. She dabbled in stock picking as her income went up, investing in some of the biggest names in tech over the past few years. Her house hack, which is almost letting her live for free, was bought at the top of the market with an average interest rate.

Zoe needs to know what to do next. Should she sell her tech stocks and invest the money into index funds where she can let it ride? Should she buy a new house hack that allows her to live for free instead of at a discount? And where should she put the thousands of dollars she’s saving every month to ensure her a life of financial freedom in the near future? Zoe has some enviable problems, and on this Finance Friday, we’ll be solving them!

Finance Friday: First Down Market? Here’s How to Stop Stressing

https://www.biggerpockets.com/blog/real-estate-693

You’ve got home equity, but maybe not cash flow. If you want to realize financial freedom, you’ll need consistent, passive monthly income. But with cash flow harder to find than ever before, how can you get it when real estate prices and interest rates remain high? Should you give up on cash flow entirely and only bank on appreciation? Maybe not. Using the strategy David outlines today, you can convert your equity into cash flow, but you’ll need to follow the right steps.

Welcome back to another Seeing Greene episode, where David, and some expert guests, answer your questions surrounding anything and everything related to real estate investing. Joining us on today’s show are Dave Meyer, J Scott, and Pat Hiban, all BiggerPockets authors and real estate masters in their own rights. They tag-team questions ranging from how to get around the twenty percent down payment requirement, how to calculate the time value of money on an investment, how HELOCs (home equity lines of credit) work, whether investing in hurricane-heavy Florida makes sense, and more!

Don’t forget to head over to the BiggerPockets Bookstore to get massive discounts on some of the best real estate investing books in the world! Still itching to ask David a question? 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!

Seeing Greene: How to Turn Equity into Cash Flow and Getting Around 20% Down

biggerpockets.com/blog/rookie-239
Before the most well-known real estate moguls were moguls, they were rookie investors with a dream. While it took vision to get them to where they are today, they wouldn’t be successful without goals and a plan to achieve their goals. Tony and Ashley, two investing tycoons in their rights, use today’s episode to reflect on their goals from 2022 and start thinking about goals for 2023.

One of the most important parts of goal setting is the plan to get your goals accomplished. A goal without a plan is just an unattainable dream, but with a plan, your dreams can become your reality. So how do you intentionally set a goal? You turn your goal into a SMART goal. SMART goals are more achievable since you measure them, and when you start seeing results, it encourages you to keep going and accomplish them.

Goals give you something to work towards, but sometimes you don’t meet them, and that’s okay. The beautiful thing is that they can roll over. Missed your goal this year? Try again next year! Tony and Ashely both fell short on a few of their goals for 2022, but that didn’t discourage them. Develop a growth mindset, and a missed goal can turn into an opportunity. So join Tony and Ashely, pull out a notepad, write down your goals and make 2023 the year that everything changes.

The Rookie's Guide to 2023 Goal Setting: How to Achieve HUGE Goals This Year

https://www.biggerpockets.com/blog/real-estate-694

Small multifamily investing is one of the easiest, fastest ways to find financial freedom. We’re not talking about any “get rich quick” promises or risky businesses—thousands of real estate investors have used small multifamily rental properties to live the life of their dreams. And today, we want to help you do the same. We’ve got our multifamily millionaire, Dave Meyer,  here to share the tools of the trade! Dave was able to reach financial independence in only a few years, thanks to a small portfolio of multifamily rental properties!

Even if you’re an absolute beginner in real estate, without any properties or experience, small multifamily can be one of the easiest ways to start investing. With low money down options, the ability to house hack, and big cash flow opportunities, any investor can start, or scale, a real estate portfolio with a duplex, triplex, or quadplex. And Dave will walk you through every step of the journey. From finding deals to analyzing them, financing them, and doing it again, this step-by-step process is simple to follow, and can be done in a matter of weeks or months!

So, if you’re ready to build a life you love, have the financial autonomy you’ve always dreamed of, and start investing today, hit play on this episode! And, if you’re interested in using the top-tier tools Dave shows in this video, sign up for BiggerPockets Pro today! Make sure you stick around until the end of this episode—Dave will be giving away a BIG discount with a bundle of bonuses!

How to Reach Financial Freedom in 2023 with Small Multifamily Properties

https://www.biggerpockets.com/blog/real-estate-696

It’s 2023 goal-setting time! For some investors, setting goals is a coveted experience where they get to center themselves and plan for the coming year. For others, setting goals can seem stressful as there are too many shiny objects always around to chase. This type of dichotomy exists even among the most experienced investors, as you’ll see in this episode. David Greene, everyone’s favorite investor, agent, broker, and mentor, systematically sets his goals, while Rob “Robuilt” Abasolo, the internet’s short-term rental oracle, does things a bit differently.

In this episode, you’ll get a peek behind the scenes at how two very successful investors set goals in two very different ways. But this isn’t just about real estate investing and building wealth. David and Rob both touch on the personal goals they’ve set out for themselves and how they organically intertwine with the lofty investing goals they’ve set for 2023.

David and Rob both want to grow their wealth substantially in 2023. But this doesn’t mean that they’re just hungry for doors. You’ll hear a crucial tip on how top real estate investors focus more on revenue than on unit count and how mistakenly chasing more properties could put you in a stressed-out situation without much to show for it! If you’re ready to tackle some of your biggest goals yet, tune in to this episode, and bring a planner while you’re at it!

How to Plan for (and CRUSH) Your 2023 Goals

https://www.biggerpockets.com/blog/on-the-market-58

Zillow, Opendoor, and other iBuyers made quite a name for themselves over the past two years. By buying up every house on the block, iBuyers quickly became the “no work, best price, all cash” alternative to selling through an agent or a wholesaler. These huge, wall-street funded businesses were buying thousands of homes in the blink of an eye, doing some quick repairs, and flipping them in record time. But even with all this activity, iBuyers were slowly hemorrhaging money, causing most of them to crash and burn within the past year. 



Now, all that’s left standing is Opendoor and Offerpad, two of the most experienced iBuyers around. But will either of these giants survive until the end of 2023? With home prices starting to plummet, interest rates rising, and last year’s homeowners not looking to move, will Opendoor and Offerpad bleed out before they get another shot at this wild housing market? We brought in real estate tech strategist, Mike DelPrete, to give his opinion on the future of iBuyers.



Mike has been watching iBuyers for a while. He’s seen them creep into towns, buy up inventory, just to sell at a loss months or years later. He knows what competition looks like for real estate investors, and he doesn’t think iBuyers offer much of a threat. Mike walks through the current state of iBuyers, how they could end wholesaler and realtor careers, why most iBuyers were designed to fail, and why companies like Opendoor and Offerpad may be forced to pivot strategies very soon.

The iBuyer Massacre and Why Most Will Never Survive

https://www.biggerpockets.com/blog/real-estate-697

Each real estate market has its own type of flavor. Some are short-term rental markets, others are affordable cash-flowing long-term rental markets, and many are in between, capitalizing on strong appreciation with enough monthly profit to keep investors going. The great thing about investing in the US is that we have fifty states' worth of land to buy, improve, and rent out. And today, we’ll be looking at three specific markets, all with wildly different price ranges and profit potential for 2023.

Welcome back to this month’s BiggerNews, where your host Dave Meyer (not David Greene *gasp*) will be interviewing three of the most elite agents across the United States. We’ll talk to Rob Chevez, the investor and experienced agent operating in our nation’s capital, Washington, DC. You’ll also hear from Dahlia Khalaf, managing broker of ASN Realty Group in affordable Oklahoma. And, of course, we’ve got David Greene, California’s favorite realtor, here to talk about why sunny San Diego deserves an investment from you.

With mid-priced markets like DC, affordable real estate in Oklahoma, and massively-appreciating west-coast properties to build your wealth, this episode of BiggerNews shows you how you can invest in ANY of these markets and build wealth in 2023. The agents also talk about the strategies that are working in each market and some of the major pitfalls you could stumble upon if you aren’t a local expert.

Need to find an agent in your neck of the woods? Use the BiggerPockets Agent Finder to connect with a local expert in your area!

BiggerNews December: 3 Coast-to-Coast Markets We’d Invest in Next Year

www.biggerpockets.com/blog/on-the-market-60

Home buyer’s remorse, low interest rate dreams, and not taking a second look at a property. These are some touchy subjects for real estate investors who had wins but also big losses in 2022. While real estate investing is one of the best ways to grow generational wealth, it still has its home-induced headaches, either from going over budget on a project, waiting too long to buy, or doing the wrong rehab. But don’t get down if you made any of these mistakes. Our expert investors have done the same!



Welcome back to On the Market. In today’s show, Dave, Henry, James, and Kathy, talk about the biggest real estate regrets and mistakes made in 2022. This show proves that even if you’re experienced, you can still fall prey to making mistakes and losing hundreds of thousands of dollars doing the wrong deals. But this isn’t all doom and gloom. The cast shares lessons learned from these big mistakes so listeners like you can avoid these money-hemorrhaging life lessons the next time they pop up in your life.



We also talk about some of the biggest mistakes across the news in 2022. These span from the FTX crash and SBF’s fall from grace, the crypto slump of this year and last, and why so many buyers were caught off guard by the almost unprecedented interest rate hikes of earlier this year. Tune into this episode, and stick around for next week’s as we give a glimpse at what we’ll be doing to build even more wealth in 2023!

Our 2022 Real Estate Regrets and How You Can Benefit From Them

https://www.biggerpockets.com/blog/money-362

A financial plan puts you on the path to long-term wealth and a life rich in time freedom. So why don’t most Americans have one? Everyday workers are often so focused on paying bills and having a sliver of time to relax that they completely forget the whole reason many of us work—to one day do what we want, when we want, with who we want. So, if you’ve been on the grind, making money, wanting to build wealth, but don’t know where to start, this is the episode for you.

In it, Scott Trench walks through his “investment philosophy,” a simple, customizable plan that has allowed him to build wealth at record speed all in less than ten years. This document can be used by anyone in any position no matter how much you have invested or saved up. Once written, this simple financial plan gives you laser-focus on building wealth, so market crashes or corrections become a buying opportunity and slow months/years are something to cherish, not worry over.

Scott and Mindy walk through this document piece by piece, giving you the exact answers you need to build your investment plan today. Although this document may sound simple, it’s what will define your life’s effort for the foreseeable future and give you the structure you need to accomplish massive wealth-building goals that may have seemed almost impossible before!

Scott Trench’s Step-by-Step Guide to Building Your Perfect, 1-Page Investment Plan

https://www.biggerpockets.com/blog/on-the-market-61

What are your 2023 goals? If you don’t have an answer in mind just yet, don’t worry, there’s still time to lock in your plans to have a wealth-building, financial freedom-finding, more fun (and frugal) new year. And while goal setting for many people can seem almost arbitrary, top investors, again and again, point to it as one of the reasons they’re able to hit such unbelievable heights. We’re not talking about making a few extra bucks in passive income, we’re talking about building life-changing wealth in only a matter of years.

If you think you shot too high in 2022, think again. We’ve got Henry, James, and Kathy back on the show to talk about what they’ve accomplished in 2022. To no surprise, almost all of them hit big goals, but that doesn’t mean they did everything they wanted. All of our expert guests failed at one or multiple of their goals, but funnily enough, failing meant success in other areas!

They’ll walk through exactly how they set their 2022 and 2023 goals, the steps they’re taking to do the impossible, and tips you can use to hit goals you’ve never even dreamed of. Whether 2023 will be the year you buy your first, or fifteenth rental, flip a property, or finally reach financial freedom, these tips can help you no matter what stage you’re at. So tune in, bring a pen and paper, and get ready to achieve your dreams in 2023.

How to Build Bigger (While Working Less!) and Setting SMARTer 2023 Goals

https://www.biggerpockets.com/blog/on-the-market-66

Foreclosures, mortgage rates, housing prices; if there’s one person to ask about any of it, it’s Rick Sharga, Executive Vice President at ATTOM, who handles housing market data and forecasting all day, every day. Rick is often seen as a housing fact crusader, taking down the clickbait hype that many mainstream articles love to post. While other media channels push fear, Rick focuses on facts, showing what’s happening in the housing market, whether it’s good or bad news.

Rick knows much more about home foreclosure numbers than most, so we took time today to ask him exactly how rising interest rates, crushing unaffordability, and shrinking home prices affect today’s homeowners. Could there be a foreclosure crisis on the horizon? Or, are homeowners in such a solid position that the chance of getting foreclosed on is slim to none? And if you’re looking to make some money during this declining market, which strategy would work best as buyers and sellers get desperate?

We also take a chance to get Rick’s opinion on where interest and mortgage rates could be heading over the next year. Rick lays out the exact scenarios that could cause rates to plummet or rise multiple percentages and how homebuyers may go through a rate “reprogramming” to get hungry for houses once again. If you’re holding, buying, selling, or renting in 2023, this is the data you need to know!

2023 Foreclosure Forecast: A False Flag with Inflated Numbers?

https://www.biggerpockets.com/blog/real-estate-709

Before buying a rental property, real estate investing can seem scary. Only experienced landlords know how to deal with closing delays, overbudget rehabs, and tenant issues. But that doesn’t mean you have to come in blind on your first real estate investment. If you have the proper knowledge, expectations, and systems set up, you can build a real estate portfolio faster than the rest, which is what Ashley Kehr, author of Real Estate Rookie: 90 Days To Your First Investment, did.

Ashley hosts the Real Estate Rookie Podcast, where she interviews new investors who have had one or a few successful deals. She’s seen what it takes for someone to go from bystander to investor and wants to make sure you can purchase your first investment property too. On today’s show, Ashley walks through her pre-closing checklist, where she details everything from due diligence to budgeting renovations and rehabs, how to negotiate with sellers, where to find insurance and more.

This is just a brief glimpse at everything you can find in Ashley’s new book, and combining these golden nuggets with what is shared in Real Estate Rookie will get you on a faster path to landlord life and passive income. So, if you’ve been waiting to invest or feeling like you don’t know what you don’t know, this may be the perfect episode to start. Tune in, grab the new book, and get ready to make some property purchases in 2023!

Everything a New Investor Should Know BEFORE Closing on a Property

https://www.biggerpockets.com/blog/on-the-market-69

Picking stocks can be intimidating for a first-time investor in the stock market. For landlords, real estate can seem like a much more tangible, calculated way to make money with less risk and far more upside. But, with the stock market taking a much harder tumble than real estate in 2022, some long-time investors argue that now is the best time to pick up discounted shares of companies that will last for hundreds of years to come. So, as a real estate investor, which stocks should you pick?

There’s no better person to ask than Chris Hill, host of Motley Fool Money, an investor who knows the ins and outs of stock investing better than the rest. Chris understands why most investors are hesitant to invest in the stock market, especially after the past year. With company valuations dropping faster than many have seen, stocks aren’t looking that attractive—at least not right now. However, Chris argues that this is a massive opportunity for the long-term investor, and if you can practice delayed gratification, you’ll be rewarded for decades.

Chris walks through why he’s so optimistic about the stock market in 2023, how rising interest rates hurt real estate and stock valuations, advice for new investors, and how to start picking stocks, even if you have no experience. Chris also shares why the everyday businesses many of us purchase from are primed for growth and why REITs (real estate investment trusts) may be massively undervalued as stocks and real estate are feeling a collective price crunch.

Is Now the Best Time to Get Into the Stock Market?

https://www.biggerpockets.com/blog/real-estate-719

Knowing how to find real estate deals can be challenging for new and experienced investors. For those who want to build bigger portfolios beyond just buying single-family rental properties, finding multifamily, development, or perfect medium-term rental deals can be a struggle. You have to be in the know and have a network full of agents, brokers, lenders, and other investors who can throw deals your way, so you don’t have to dig through the scraps that bigger investors (or investment firms) have left behind.

This is a struggle that all three of our ninety-day mentees have faced since we spoke to them last. We’ll be getting updates on all their situations in today’s episode as David and Rob work to get them to their next investments as soon as possible. First, we talk to Philip, who’s still struggling to find adequate land for his future resort. He’s successfully made one offer but has yet to receive a counter. Next, Wendy wants out of turnkey rentals and is looking into more cash-flow heavy real estate investments like medium-term rentals that can provide her the retirement she dreams of.

Lastly, we talk to Danny, who’s struggling to connect the dots that will lead to his next property. As an introvert, finding contractors in the field has become challenging, although he has started to reach out to other investors he knows in his area. A common thread in this episode is that ALL our mentees are finding a pain point stopping them from reaching their next property. Of course, what they do next is entirely up to them, but you’ll hear case-by-case advice from David and Rob, which could also help you on your next deal! So if you’ve hit a roadblock on your path to real estate wealth, don’t give up—tune in!

Future Millionaires: The Real Estate Investing Hurdle You MUST Get Over

biggerpockets.com/blog/rookie-256
Escaping the rat race at 26 isn’t easy, but Isaac Lane, Arizona-based investor and rookie landlord, is doing it through out-of-state investing! Isaac started investing only a couple of years ago, but he’s been scaling quickly as he purchased five rentals in his first year of investing alone. Now, he balances his time between working his day job as an engineer for a commercial real estate firm and managing his properties that are multiple states away!

Welcome back to another Rookie Reply, where Isaac is helping us answer some common property management questions. He gives advice on how to start investing out of state and where to begin building your real estate team. And for those who still haven’t done their first deal yet, Isaac talks about property management, maintenance requests, inherited tenants, smart devices, landlord insurance, and why you ALWAYS change your locks during a tenant turnover.

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).

Rookie Reply: Escaping the Corporate Rat Race and Property Management Q&As

https://www.biggerpockets.com/blog/on-the-market-73

The new housing market is here, and with it comes a whole new set of real estate investing rules. Now, appreciation isn’t a given, flipping can flop, and good multifamily deals are one in a dozen instead of one in a million. This type of market can be dangerous for new real estate investors, but it can also be a massive opportunity for those who want to play the game the right way. So, please don’t ask the newly-rich gurus what their advice would be; turn to the decade-long players who have survived crashes, come back stronger, and know which deals are worth getting done.

In this episode, we’ll go through the “2023 State of Real Estate Investing Report,” written by your data and sandwich savant, Dave Meyer. This report presents a window into what could happen in 2023, where the housing market stands now, and how investors can react to build real estate riches. Henry Washington, Jamil Damji, and Kathy Fettke give their own housing market predictions for the next year and prove cash is king, why on-market deals are the way to go, and how investing in “hybrid cities” can make you both equity and cash flow rich.

The On the Market team will also give their thoughts on the potential commercial real estate crash that could happen in 2023. This type of movement in real estate affects all investors. Knowing about it beforehand can help you not only make money on killer deals but also help you avoid buying a property that may nosedive in value after buyers exit the market. So if you want the best data on real estate investing for 2023, this is the place to be!

A New Housing Market is Forming: How to Take Advantage in 2023

https://www.biggerpockets.com/blog/money-379

For the entry-level worker, employee stock options may seem completely foreign. But for most tech workers, this is commonplace and can be highly lucrative if understood correctly. In short, employee stock options, employee stock purchase plans (ESPPs), and restricted stock units (RSUs) all give an employee far more upside (and downside) than a traditional salary. As a result, you’re trading steady take-home pay for the potential to own company stock shares that could be valued at even more when you decide to sell. But is this gamble ever worth it?

JT, long-time tech worker, has spent most of his life tinkering away as an engineer at some of the biggest companies in computing. He’s no stranger to the world of stock-based compensation and knows it can be worth the lack of salary if done correctly. In this episode, JT gives a complete overview of what stock-based compensation means, the three different types of stock you’ll be offered, and how this type of payout compares to a regular salary.

He also goes in-depth on timing the sale of your stocks, the tax traps that could cost you thousands, and how to create a plan that lets you profit when getting paid in shares. If you ever foresee yourself working at a startup, tech company, or publicly-traded conglomerate, you MUST know what these types of compensation mean. Or, you’ll risk losing the real reward of a stock-based salary.

Finance Friday: Stock-Based Compensation Explained and Tax Traps to Avoid

https://www.biggerpockets.com/blog/real-estate-720

How important are mortgage rates to real estate investing? Should I take out as much depreciation as possible to lower my taxes? And what should I do when my DTI (debt-to-income) ratio is too high? You’ve got the questions, and David Greene has the answers! On this episode of Seeing Greene, David goes high-level, getting into the topics like real estate tax benefits, return on equity (ROE), and why loans and leverage are riskier than most rookies think!

We’ve got questions from house hackers, BRRRRers, multifamily and commercial investors, and more on this week’s Seeing Greene. First, we hear from a college student trying to house hack in an expensive housing market. Then, a family who has outgrown their space and wants to use creative financing to buy their next primary residence. And finally, a mother concerned that real estate investing could affect her children’s stability. Don’t know what you’d do in these situations? Then, stick around! David’s got the answers!

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!

Seeing Greene: Why Interest Rates Don’t Matter As Much as You Think

https://www.biggerpockets.com/blog/on-the-market-74

With assumable mortgages, you can snag a three percent interest rate even in 2023’s high-interest environment. These loans exist everywhere around you—you could be sitting on an assumable loan without even knowing it! So, if there’s a way to pick up properties at all-time low-interest rates, why isn’t everyone taking advantage of assumable mortgages? We brought Craig O’Boyle from Assumption Solutions on to the show to explain.

Assumable mortgages aren’t new, but most real estate agents, loan brokers, and homebuyers have no idea what they are. In practice, an assumable mortgage allows a homebuyer to “assume” a seller’s loan with the same interest rate, contingencies, and principal paydown as the seller. This means you can walk into a home with significant equity, a low-interest rate, and the same fix-rated loan you’d be picking up from a bank. But, if you want an assumable mortgage, you’ll need to know where to find one.

Craig walks us through the ins and outs of assumable mortgages, where investors can find one, why most mortgage lenders and brokers don’t know about them, and one BIG caveat you’ll need to hear before you chase down this better financing. Want a lower rate and monthly payment with higher cash flow? Stick around; we’ll give you everything you need to know to find a low-interest assumable loan in your area!

Assumable Loans: How to Time Travel Back to 3% Rates on Your Next Buy

https://www.biggerpockets.com/blog/money-380

The 2023 tech layoffs have already begun to make the 2022 tech layoffs look like small-scale firings. What started as a few large companies firing unneeded hires quickly ramped up to an industry-wide cost-cutting exercise as hundreds of thousands of employees were forced to walk away from their stable salaries, free lunches, and healthcare. With tech companies being some of the most generous in terms of compensation, it makes sense that these would be the first businesses to force mass layoffs. But what about those of us who aren’t in tech? Or those that are in tech but still have a job?

Tara Pramme joins us as a human resource expert, explaining exactly why layoffs are happening now, who will be most affected, what to do if you’re let go, and getting back into the job market. Tara knows how hard layoffs can be, especially for those with families to feed or work visas that only last as long as they’re employed. She knows precisely which document means what, what you should know before signing layoff contracts, what you can expect as severance, and how to keep yourself mentally stable during this challenging period.

With large-scale layoffs looking to last for at least the near future, Tara wants to ensure you’re ready for whatever happens next. You’ll also hear about the common warning signs that a layoff is about to happen, why you should NEVER post negatively online after a firing, and what to do on your last day at work.

We hope a layoff never happens to you, but if it does, this episode will leave you prepared to bounce back stronger than ever!

The 2023 Tech Layoffs: What HR Won’t Tell You

https://www.biggerpockets.com/blog/real-estate-721

A commercial real estate crash is looking more and more likely in 2023. Rising interest rates, compressed cap rates, and new inventory about to hit the market is making commercial real estate, and multifamily more specifically, look as unattractive as ever to a real estate investor. But with so much money still thrown at multifamily investments, are everyday investors going to get caught up in all the hysteria? Or is this merely an overhyped crash that won’t come to fruition for years to come?

Scott Trench, CEO of BiggerPockets and host of the BiggerPockets Money Podcast, has had suspicions about the multifamily space since mortgage rates began to spike. Now, he’s on the show to explain why a crash could happen, who it will affect, and what investors can do to prepare themselves. This is NOT a time to take on the high-stakes deals that were so prominent in 2020 and 2021. Scott gives his recommendations on what both passive and active investors can do to keep their wealth if and when a crash finally hits.

But that’s not all! We wouldn’t be talking about multifamily without Andrew Cushman and Matt Faircloth, two large multifamily investors who have decades of experience in the space. Andrew and Matt take questions from two BiggerPockets mentees, Philip and Danny, a couple of California-based investors trying to scale their multifamily portfolios. If you want to get into multifamily the right way or dodge a lousy deal, stick around!

Commercial Real Estate Could Crash, But Are Everyday Investors Impacted

Prepare to laugh, groan, and be inspired.

On today’s episode of the BiggerPockets Podcast, we sit down with bestselling author, TV pundit, and massively-successful real estate investor Grant Cardone. As one of the most motivating, humorous, inspiring — and inappropriate — podcasts of all 108 shows, you’ll be captivated by Grant’s candor and viewpoints on everything from getting a college education to investing in liberal cities to his definition of success. You’ll also learn how Grant has used the principles outlined in his book, The 10X Rule, to grow his real estate portfolio to a value of $350,000,000. Yes, that’s $350 MILLION dollars.

You are going to love this one.

Check out the full show notes at: http://www.biggerpockets.com/renewsblog/2015/02/05/bp-podcast-108owning-350-million-real-estate-10x-rule-grant-cardone/

BP Podcast 108: Building A $350 Million Real Estate Empire Using The 10X Rule With Grant Cardone 2

Today on the BiggerPockets Podcast we’re excited to bring you another fantastic interview by one of the most successful real estate authors in America. Jay Papasan is best known to this audience as the co-author of “the Millionaire Real Estate Investor” (co-written with Gary Keller) which has been our top-recommended real estate book here from BiggerPockets Podcast guests. He also co-authored “The Millionaire Real Estate Agent” and collaborated on the best selling book “FLIP” and “HOLD.”  Most recently, Jay is the co-author of “The One Thing” which Brandon recently featured as the number one book on his list of the business books that changed his life in 2014. Jay is also a savvy real estate investor and he shares his incredible story and strategy with us today!

Check out the full show notes at: http://www.biggerpockets.com/renewsblog/2015/03/12/bp-podcast-113-becoming-millionaire-real-estate-investor-using-one-thing-with-jay-papasan/

BP Podcast 113: Becoming a MIllionaire Real Estate Investor Using The One Thing with Jay Papasan

Real estate entrepreneurs are busy people… but this doesn’t have to mean getting overwhelmed! In this episode of the BiggerPockets Podcast, we sit down with world-famous productivity author David Allen to learn tips and tricks for getting more things done in your life. You’ll learn how to accomplish more things, in less time, with less stress using the Getting Things Done (GTD) system. This show will inspire and encourage you to do even more in your business.

Check out the full show notes at: http://www.biggerpockets.com/renewsblog/2015/04/09/bp-podcast-117maximizing-productivity-david-allen/

BP Podcast 117: Maximizing Productivity To Get Things Done With David Allen

http://biggerpockets.com/show157

He was clinically dead for six minutes. No heartbeat. No sign of life. But Hal Elrod came back from this devastating event and has impacted millions in the process through his bestselling book, The Miracle Morning. Today on the BiggerPockets Podcast you’ll hear Hal’s full story, from the drunk driver that nearly ended everything to the lessons he learned that completely revolutionized his life. Hal’s story — and his advice on reaching your full potential — is sure to rock your life and leave you forever changed for the better. No matter what stage of your real estate investing business you find yourself in today, this show is about to help you get to the next level. Hang on tight!

BP Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod

https://www.biggerpockets.com/show393

Real estate investing... old school!

Rick Jarman (@realestateoldschool on Instagram) joins us today to share some of his hard-won wisdom from 44+ years as a flipper and landlord in Tuscaloosa, Alabama. And it's quite the journey, from cabinet maker and campus maintenance man to cigar-puffing 64-year-old social media influencer!

In this episode you'll hear tales of up markets, down markets, losing it all, getting it all back... and a tornado that wiped out 20 of Rick's 100+ rental houses. He also takes us through his rules for tenant screening, explains why he favors 15-year mortgages, and paints a picture of what it's like to self-manage such a large portfolio of single family homes (with a team, of course).

Give Rick a follow, and if you know someone who'd make a great guest on the BiggerPockets Real Estate Podcast send them over to biggerpockets.com/guest where they can apply to appear on the show.

BiggerPockets Podcast 393: Campus Maintenance Man to $10M in Real Estate Owned with Rick Jarman

The BiggerPockets Real Estate Podcast is officially the #1 top-rated and reviewed real estate podcast.

We cut out the hype and BS, and deliver real, actionable advice from active real estate investors and other professionals in the industry. The show isn't about helping you get rich overnight or about selling you on some course, bootcamp, or guru system; it is about keeping it real . . . nothing more!

BiggerPockets is a free community of 1.5 million members who are like-minded real estate enthusiasts seeking to become better real estate investors. Whether you are just beginning your journey or have been investing in real estate for years, BiggerPockets.com is your free source of real estate investor education, networking, and dealmaking. 

The BiggerPockets Real Estate Podcast, hosted by Josh Dorkin and Brandon Turner, is an extension of that community - bringing you incredible real estate investing training, interviews, tools, and tips each week to help you grow your business and build wealth.  You won't find the latest and greatest self-proclaimed guru here on the BiggerPockets Real Estate Podcast, but actual real-life, in-the-field real estate investors who are  actually living the life they talk about. Be sure to check out BiggerPockets.com for more than 1,200,000 forum posts, 10,000 articles, and start connecting with over 290,000 other like-minded members for free. 

Whether you are a complete newbie, a house flipper looking to improve your house flipping skills, a wholesaler looking for insight into how make more money, or a buy-and-hold landlord looking to improve your real estate investing skills - the BiggerPockets Real Estate Podcast will help you achieve your goals and get bigger pockets!

BiggerPockets Real Estate Podcast

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