352: Bonus Audiobook Excerpt: The House Hacking Strategy

enOctober 19, 2019

BiggerPockets Real Estate Podcast

Podcast Summary

Revolutionizing Real Estate Investing with Technology: Explore DealMachine for unlimited contact info, Rent to Retirement for no-money-down rental properties, and Relay for fee-free business bank accounts to streamline your investing journey
Technology is revolutionizing various aspects of real estate investing, making processes more efficient and accessible. DealMachine, for instance, offers unlimited access to high-quality contact information and phone numbers for investors, eliminating the need for costly lead generation methods. Rent to Retirement, on the other hand, enables investors to buy new construction rental properties with no money down, thanks to discounted prices and low-interest investor loans. Lastly, Relay simplifies the process of opening a business bank account for your property online, without any monthly fees or minimums. These tools can significantly streamline your real estate investing journey, so make sure to explore them. To learn more about DealMachine, visit dealmachine.com/bp; for Rent to Retirement, go to renttoretirement.com or text "rei" to 33777; and for Relay, sign up at relayfi.com/biggerpockets. Embrace these technological advancements to enhance your investing strategies.
Understanding House Hacking vs Renting vs Buying: House hacking allows living for free or earning passive income by renting out unused rooms, while renting leaves no long-term equity and buying a home conventionally means paying off a mortgage for years.
House hacking, which involves using a property's rental income to cover or offset your living expenses, can be a financially powerful strategy compared to renting or buying a home traditionally. In this discussion from the Bigger Pockets podcast, Craig Kirlup explains the differences between these options using an example of three individuals: Joe, a renter; Mary, a conventional buyer; and Sally, a house hacker. The assumptions are that each person can afford a $300,000 house with a 3.5% down payment, has $10,500 in savings, and can pay their mortgage or rent without dipping into their savings. The rent and property value increase at 3.4% per year. While renting leaves you with no long-term equity, buying a home conventionally means paying off a mortgage for years, and house hacking allows you to live for free or even earn passive income by renting out unused rooms. You can learn more about house hacking by listening to Craig's audiobook excerpt at biggerpockets.com/househacking.
Considering the long-term financial implications of housing choices: Renting can lead to significant financial losses over time, but house hacking can help reduce housing costs and build wealth.
While renting may seem like a more affordable option in the short term, it can lead to significant financial losses over the long term. For example, Joe, who enjoys renting, paid $18,000 in rent during his first year and will continue to pay large sums of money to his landlord while building little wealth. On the other hand, Mary, who decided to buy a house, faced higher monthly expenses but was able to build equity and reduce her net worth impact compared to Joe. However, even she still faced a negative net worth impact after 30 years. Sally, who was determined to live for free, discovered the concept of house hacking and was able to purchase a property with a small down payment and rent out the extra units to cover her mortgage and living expenses. By taking this approach, she was able to live for free and even generate passive income. Overall, the discussion highlights the importance of considering the long-term financial implications of housing choices and exploring creative options like house hacking to reduce housing costs and build wealth.
Maximizing Home Value Through House Hacking: House hacking can lead to significant financial gains over 30 years by generating rental income, reducing living expenses, and enjoying tax benefits, resulting in a net worth impact of $2.6 million.
House hacking can lead to significant financial gains over the long term. In this example, Sally purchased a home with four extra bedrooms, rented them out, and eliminated her living expenses while making extra income. Over 30 years, she built equity through appreciation, paid down her loan, and enjoyed cash flow savings and tax benefits, resulting in a net worth impact of $2.6 million. House hacking strategies include renting out an additional dwelling unit or building one yourself. While the example assumes Sally lived in the house hack for 30 years, she could have continued this pattern multiple times to become a multimillionaire in a shorter period. House hacking isn't always easy, but it can be a powerful tool for building wealth.
Check city regulations before investing in short-term rentals: Do your research to avoid legal issues and financial losses by understanding local regulations for short-term rentals. Strategies include house hacking, renting by room, and getting creative with space utilization.
Before investing in a property for short-term rentals, it's crucial to check your city's regulations first. Municipalities are increasingly restricting these types of rentals, so doing your homework can save you from potential legal issues and financial losses. House hacking, which involves living in a property while renting out other units, is a popular strategy for offsetting mortgage costs. Traditional house hacks, where you purchase a multi-unit property and live in one while renting out the others, are the most common. Inevitably, some mortgage costs will still be covered by the rental income. Another strategy is renting by room, where you live in one unit of a large single-family home and rent out the others, often securing higher rental income. Lastly, getting creative with space utilization, like turning a portion of your living room into a bedroom, can help cover mortgage costs when traditional house hacking isn't feasible in high-priced markets.
Exploring house hacking strategies for financial independence: Through strategies like renting out a portion of your home on Airbnb, purchasing a stationary RV, or implementing the 'live in flip' method, individuals can generate significant income and reduce living expenses, leading to financial independence
There are various house hacking strategies that can help individuals achieve financial independence by utilizing their homes creately. One such strategy is renting out a portion of your home on Airbnb while living elsewhere, which can generate monthly income between $250 to $750. Another strategy is purchasing a stationary RV, living in it while fully renting out your primary residence. A third strategy, known as "live in flip," involves purchasing a property, living in it for at least two years, making improvements, and then selling it for a profit, all while avoiding capital gains tax. These strategies can be particularly beneficial for young and single individuals looking to eliminate housing expenses or those who are handy and willing to put in sweat equity. By implementing these strategies, individuals can significantly reduce their living expenses and work towards achieving financial freedom.
Find an investor-friendly agent for real estate success: Connect with local market experts for guidance on buying properties, analyzing investments, and making confident decisions using BiggerPockets Agent Finder, a free resource available exclusively at biggerpockets.com/deals.
If you're serious about getting into real estate investing or expanding your current portfolio, finding an investor-friendly agent is crucial. With BiggerPockets Agent Finder, you can quickly connect with local market experts who can help guide you through the process of buying properties, analyzing potential investments, and making confident decisions. This free resource, available exclusively at biggerpockets.com/deals, can help you navigate the complexities of real estate investing and bring you closer to achieving financial freedom. Remember, though, that investing in real estate, like any other investment, involves risk, and you should consult with qualified advisors before making any investment decisions. Use the BiggerPockets Agent Finder to get started on your real estate investing journey today.

Recent Episodes from BiggerPockets Real Estate Podcast

979: BiggerNews: What Happens to The Housing Market if Mortgage Rates Stay High?

Mortgage rates were supposed to be going down by now, but what happened? Even in late 2023, many housing market experts predicted that we’d be seeing high to mid six percent mortgage rates at this point and hovering around the high five percent rate mark by the end of the year, but the Fed isn’t showing any sign of lowering rates soon. Some experts even believe rates could go UP again this year as the job market stays hot and the economy sees unprecedented strength. This begs the question: What IF mortgage rates remain high? It’s a reality many of us don’t want to see, but 2024 could end with minor, if any, rate cuts, keeping monthly mortgage payments high and affordability low. So, what should an investor do in this situation? Sit on the sidelines? Invest in a different asset class? Pray to Jerome Powell? While that last option may be worthwhile, top real estate investors are saying that NOW is the time to buy BEFORE rates fall. What do we mean? We’ve got the entire expert investor panel from On the Market here to give their take on what investors should do IF rates don’t fall. From house flipping to long-term buy and hold rentals, our nationwide panel of investors shares exactly what they’re doing to make money even with high interest rates. Plus, we’ll give our predictions on when rates could fall, what will happen to housing inventory, what young people should do NOW to get their first house, and why investors need to “reset” if they want to thrive in this high rate housing market. Support today’s show sponsor, Rent App: the free and easy way to collect rent! In This Episode We Cover Mortgage rate predictions and when interest rates could finally start falling What should investors do IF mortgage rates stay high throughout 2024 The “lock-in effect” and whether or not high rates are leading to lower inventory The homes that are flying off the market in many areas (and the ones that are sitting) How young people can creatively get into their first home or investment property Why investors MUST “reset” their expectations if they’re to build wealth in this housing market And So Much More! (00:00) Intro (04:45) When Could Mortgage Rates Fall? (13:48) Inventory is Getting Gobbled Up (19:56) Can Young People Make It? (24:19) Investors Must "Reset" Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-979 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

BiggerPockets Real Estate Podcast

enJune 28, 2024

How to Buy Your First, Second, or Third Rental Property!

“The stack” method is how to buy rental property faster than you thought possible. With so many real estate investing beginners wondering how to build a real estate portfolio, especially in today’s market, Dave Meyer, VP of Market Intelligence at BiggerPockets, decided to reintroduce “the stack” on today’s podcast. In it, he’ll show you exactly how someone with zero real estate investing experience can go from one to two to three rentals and beyond by following this simple framework. If you’ve struggled to buy your first rental property or never made it past the first deal, this is the episode to watch. Dave walks through how you can use “the stack” method to explode your real estate portfolio, the three simple steps to start buying rental properties today, and the one tool top real estate investors use to buy more real estate and find financial freedom faster. Beginner or investing veteran, if you’re feeling stuck but want to reach your financial goals, this might be just what you need. Sign up for BiggerPockets Pro to get unlimited access to the rental property calculator and all the tools from today’s video. Use code “FIRSTPOD24” to receive 20% off! In This Episode We Cover How to buy your first, second, or third rental property using “the stack” method The easiest way to find real estate deals in today’s market, even if you have no experience How to analyze a rental property in just minutes with the BiggerPockets Rental Property Calculator Financing and funding your first/next deal and why it’s not as hard as you think The best real estate investing tool for those who want to explode their portfolios Why real estate is the perfect investment for financial freedom And So Much More! (00:00) Intro (00:35) How to Buy Your First Rental Property (02:53) Achieving Financial Freedom (05:03) Scared to Invest? (09:44) "The Stack" Method (12:11) 1. Finding Deals (14:20) How to Analyze a Rental Property (25:36) 2. Finding Financing/Funding (28:34) 3. Finding Direction (31:14) 3-Step Recap (32:40) What Pro Investors Do Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-no-number-2 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

BiggerPockets Real Estate Podcast

enJune 27, 2024

978: How to Build Your Real Estate Investing Team (Agents, Contractors, Lenders)

If you want to grow your real estate portfolio faster, make more money with less headache, and achieve whatever financial dreams you desire, you need one thing—a real estate team. Most people don’t realize that the top real estate investors rarely do everything themselves. Instead, they’ve hand-picked real estate investing rockstars to grow their businesses FOR them. We’re talking investor-friendly agents, lenders, contractors, property managers, and more. If you can find the right people to fill those roles, you’ll be able to grow your passive income faster than you thought possible. So, where do you find them? Dave Meyer and Henry Washington are back to give a masterclass on building your real estate team. They’ll walk you through each role—real estate agents, lenders and brokers, insurance agents, property managers, and contractors—describing what to look for, red flags to run from, and exactly where you can find the best of the best in your market. Get this right, and you’re on a fast track to real estate riches, but get it wrong, and you could delay your financial freedom! Ready to build your investor-friendly real estate team? Check out BiggerPockets’ free team-builder to find agents, lenders, and more in your area! In This Episode We Cover How to build an investor-friendly real estate team from scratch The sign of a great investor-friendly agent and clear red flags experienced investors notice Why some lenders will lend to you much more easily than others Why Henry ALWAYS uses an insurance broker (NOT an agent) to find policies How to incentivize your property manager to make you more money (NOT just collect fees!) A unique way to find quality contractors in your area and how to inspect their work BEFORE you hire them And So Much More! (00:00) Intro (02:24) Real Estate Agents (12:15) Lenders and Brokers (22:08) Insurance (25:27) Property Managers (34:26) Contractors (44:07) Where to Find Your Team Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-978 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

BiggerPockets Real Estate Podcast

enJune 26, 2024

977: Seeing Greene: Exiting Bad Deals, Going Over Budget, & the BEST First Rental

Every investor would love some extra cash flow…but at what cost? Does it make sense to go all in on a large down payment so that more money trickles in each month? If you want minimal debt, have no plans to scale, and are confident that your new property will appreciate, perhaps. But if your goal is to buy more rental properties and build your portfolio as quickly as possible, there are much better ways to leverage your cash position. In this Seeing Greene, we help a new investor navigate this exact scenario when buying his first property! Next, we hear from someone whose earnest money deposit (EMD) is wrapped up in a failed medium-term rental. Should she cut her losses and walk away from the deal or weather the storm until the property can cash flow? Stick around to find out! Finally, we chat with an investor who has gone over his rehab budget and finds himself knee-deep in high-interest credit card debt. David and Rob walk him through the steps that will allow him to consolidate his bad debt and turn a ROUGH situation into MORE rentals! Get a BIG incentive on turnkey rentals from today's show sponsor, Rent to Retirement. Visit them at RentToRetirement.com or text "REI" to 33777! In This Episode We Cover Whether you should ever force cash flow with a larger down payment The BEST first rental property to buy (and how much money you’ll need) Saving up for ONE property versus buying multiple rentals Creative ways to get out of a BAD deal (and when to ride it out instead!) How to get back in the green after overshooting your rehab budget And So Much More! (00:00) Intro (01:30) Which Rental Should I Buy? (07:34) The Medium-Term Rental Fiasco (15:23) Comment Section Callout (19:06) Help, I’ve Gone OVER Budget! (33:05) Ask Us Your Question! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-977 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

BiggerPockets Real Estate Podcast

enJune 25, 2024

976: How to Start Mobile Home Investing (The Right Way) for Just $15,000

Can you start investing in real estate with just $15,000? Yep, and mobile home investing is how you do it. We know what you’re thinking, “I don’t want to own trailers! I want to invest in “real” houses where the “real” money is at!” That’s what today’s guest John Fedro thought too some twenty years ago when he stumbled into mobile home investing, which, at the time, was even too embarrassing for him to share. But, over the past two decades, this at-first “embarrassing” investment has made him wealthy, and if you follow his lead, it can do the same for you. John has successfully made money with mobile homes in various ways: buying and flipping, wholesaling, renting, and seller financing, the main topic of today’s episode. He provides a masterclass on how to make money buying and selling mobile homes, where you essentially take on the role of the bank. However, it’s crucial to be cautious. Mishandling this could lead you into an ethical gray area and potentially harm your buyer. On the other hand, getting it right can create a win-win situation for both the buyer and seller while making you wealthy. John shares his whole strategy, plus how he’s getting into deals for $15,000 and often making DOUBLE his money and $400 per month (or more) cash flow per door when he seller finances these properties. If you want a way to get into real estate investing without a ton of cash but with the potential to make a serious return on your money, this may be your winning strategy. In This Episode We Cover The three “levels” of mobile home investing and how much each costs to get into The danger of seller financing the wrong way and how it can hurt your buyer Why you MUST background check EVERYONE you seller-finance a mobile home to One thing that new mobile home investors overlook that can ruin your properties The exit strategies you must know about to avoid losing money on your next deal Whether or not we would invest in mobile homes (and our concerns with seller financing) And So Much More! (00:00) Intro (02:32) Seller Financing...Mobile Homes? (11:18) Win-Win Seller Financing (16:52) 3 "Levels" of Mobile Home Investing (22:08) How Much to Invest? (23:53) Cash Flow and Profit Numbers (26:51) What to Look Out For (32:38) New Investors, Do THIS! (33:52) Would WE Invest In It? Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-976 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

BiggerPockets Real Estate Podcast

enJune 24, 2024

975: BiggerNews: Rent Price Updates and Why Landlords Are Optimistic About 2024 w/Zumper’s Anthemos Georgiades

The rental market could finally be returning to stability after a wild past four years. Since 2020, we’ve seen rent prices skyrocket almost overnight, with huge asking price increases for single-family homes, multifamily apartments, and everything in between. But that trend quickly reversed as the fight against inflation began, mortgage rates rose, and would-be homebuyers sat still, not knowing whether to stay renting or search for a home. But, a return to “equilibrium” may be coming soon, and that’s good news for landlords and renters alike. To break it all down, Zumper’s Anthemos Georgiades joins the show to share his team’s latest rent data. Anthemos brings some surprisingly good news for landlords, from new month-over-month rent growth data to consumer preferences shifting to a more renter-focused lifestyle; now may be the moment landlords have been waiting for as renter demand looks promising and rates stay high. We’ll also discuss the inflation lag effect our rental market has caused and how to stay on top of current rent prices. Has the dream of homeownership died? And if so, how do YOU attract the long-term renters who want to make a home out of your house (while paying YOU rent!)? Stick around for this rental market update every landlord needs to know about. Support today’s show sponsor, Rent App: the free and easy way to collect rent! In This Episode We Cover Rent growth updates and why rents for some units are starting to climb Single-family vs. multifamily demand and which asset is seeing the most strength Why Anthemos is predicting a return to “equilibrium” for landlords this summer The massive effect rent has on inflation and how housing shifts the economy Is the “American Dream” dead? Why young Americans are ditching homeownership Where to find free, up-to-date rent price data so YOU can make the most from your rental And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-975 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

BiggerPockets Real Estate Podcast

enJune 21, 2024

974: Maximalism: The New Renter-Friendly Trend Landlords Can’t Overlook w/Tay “BeepBoop” Nakamoto

Want to really stand out in your market? A few renter-friendly interior design ideas can make a world of difference, elevating a run-of-the-mill property into one that attracts tenants and guests and stays occupied year-round. Today’s guest has some affordable, do-it-yourself (DIY) design hacks centered around “maximalism,” the design trend you can’t afford to not know about. Welcome back to the BiggerPockets Real Estate podcast! If you want to boost your property’s value, keep renters happy, and get even MORE cash flow from your portfolio, you’ve come to the right place. Today, interior designer Tay “BeepBoop” Nakamoto joins the show to share some of her most popular rental design tips. Regardless of your investing strategy, whether you own short-term rentals or are flipping houses for a profit, you won’t want to miss out on these enormous value-adds. The best part? They are extremely cost-effective, easy to implement, and, most importantly, reversible! In this episode, Tay delves into maximalism—the interior design trend that is taking the world by storm in 2024—and shares how you can seamlessly integrate this popular style with your rental properties. She even shares some of the best places to find furniture, décor, and materials, as well as some common pitfalls to avoid when tackling your own home renovation projects! In This Episode We Cover The best renter-friendly, do-it-yourself (DIY) design hacks for rentals How to implement maximalism throughout your rental properties Why you must know your limits when making design changes Where to find budget-friendly furniture and décor for your property How landlords can benefit from keeping up with the latest design trends Common pitfalls to avoid when tackling your own home design projects And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-974 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

BiggerPockets Real Estate Podcast

enJune 19, 2024

973: Seeing Greene: Retiring Early, ARMs vs. Fixed-Rate Mortgages, & When to Sell

Want to retire early? Real estate investing might be your best bet. Looking to boost your cash flow and expand your real estate portfolio, too? In today’s show, we’re sharing how to use home equity to build wealth the RIGHT way, plus the “portfolio architecture” secrets that enable you to retire earlier than you thought. Whether you’ve got one rental or a hundred or are just starting to dig into real estate investing, we’ve got the investing information you need on this Seeing Greene to reach true financial freedom. First, an investor sitting on $300,000 of equity asks what he should do: sell his current rental property and buy more OR convert the single-family home into a multifamily investment. The answer isn’t as clear-cut as you’d think. Next, we discuss whether ARMs (adjustable-rate mortgages) vs. fixed-rate mortgages are your best bet for a lower mortgage rate. Plus, we'll share the five BIG mistakes new real estate investors can make. Finally, David describes “portfolio architecture” to an investor who wants to retire by age fifty. He CAN get it done, and you can, too, IF you follow David’s massive passive income plan! Want to ask David and Rob a question? If so, submit your question here so they can answer it on the next episode of Seeing Greene, or hop on the BiggerPockets forums and ask other investors their take! In This Episode We Cover How to retire earlier with rental properties by strategizing your “portfolio architecture” Using home equity to invest and whether you should renovate a property or sell it and buy more rentals Adjustable-rate mortgages (ARMs) vs. fixed-rate mortgages and the “rate roulette” you could be playing Five real estate investing beginner mistakes you should avoid when using the BiggerPockets Forums How to explode your cash flow by converting your long-term rental into a short or medium-term rental And So Much More! (00:00) Intro (01:31) Buy More Rentals or Convert Current One? (07:33) ARM vs. Fixed- Rate Mortgages (16:43) 5 Mistakes New Investors Make (21:08) Portfolio Architecture (Retire Early!) (32:05) Moving “Lazy” Equity (42:09) Note Investing 101 (51:12) Starting a Business (53:50) Ask Us Your Question! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-973 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

BiggerPockets Real Estate Podcast

enJune 18, 2024

972: 3 Beginner Steps to Find Undervalued Real Estate in ANY Market

What sets apart the wealthy from the wannabes when investing? Knowing how to find real estate deals! You’ll be ahead of ninety-nine percent of investors if you know how to find off-market real estate deals and discounted on-market properties. Today, we’re giving you everything you need to know to find real estate deals in your market, no matter your budget, and even if you have zero real estate investing experience. Henry Washington, co-host of On the Market and author of Real Estate Deal Maker, is on to condense his seven years of investing into simple steps YOU can follow to find undervalued real estate. You’ll learn what a great real estate deal is, how to spot one even if you’ve never invested, why buying right is what REALLY makes you rich, three steps to start finding deals today, and the beginner mistake that’ll stop the deals from coming your way. Plus, Henry even shares the hidden on-market deals ANYONE can find (if they’re up to it). If you follow these steps, you’ll have a steady stream of real estate deals flowing your way. But if you don’t, you could waste years of building wealth waiting for the right deal to fall into your lap. So, are you going to take action or make excuses? In This Episode We Cover How anyone in any real estate market can find undervalued real estate deals The three steps to finding discounted deals and why most people give up too soon Hidden on-market deals that anyone with a real estate agent can find The biggest beginner mistake you can’t afford to make (it’ll could cost you…) Why you DON’T need a ton of time and money to start finding off-market real estate And So Much More! (00:00) Intro (02:08) What Makes a Great Deal? (06:34) How You Really Make Money (08:10) 3 Steps to Find Deals (16:21) Biggest Beginner Mistake (20:37) Learning From the Best (23:29) Hidden On-Market Deals (29:09) Most People Won’t Do This (33:02) Beginner Steps to Take (35:26) Grab Henry’s Book Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-972 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

BiggerPockets Real Estate Podcast

enJune 17, 2024

971: BiggerNews: Mid-Year Housing Market Update + Mortgage Rate Forecast w/Redfin Chief Economist Daryl Fairweather

We’re almost halfway through 2024, and the housing market is at a standstill. Mortgage rates are high, inventory is low, buyers have fewer choices, and many homeowners refuse to put their properties up for sale. But could things change in the second half of this year if interest rates fall and inventory improves, even if ever so slightly? We brought Redfin Chief Economist Daryl Fairweather on this BiggerNews episode to get her team’s latest 2024 housing market predictions. First, Daryl explains how our stubbornly strong economy put the Federal Reserve in a challenging position and whether or not we could hit the magic two-percent inflation rate goal. Will buyers ever get a break in this tough housing market, and could lower interest rates improve things? Daryl shares what she thinks will happen once the Fed finally cuts rates, how low rates could go, and whether or not this will heat home prices up yet again. Some “unusual demand” may come late this year for housing, but will agents, brokers, and sellers see the traditionally hot summer season they’ve been waiting for? We’re answering all these questions and more with this housing market data leader on this BiggerNews episode! Support today’s show sponsor, Rent App: the free and easy way to collect rent! In This Episode We Cover 2024 housing market and mortgage rate predictions from Redfin’s Chief Economist How our economy has stayed so stubbornly strong EVEN with rate hikes Homeowner control and why buyers may be in an even worse position AFTER rates fall Improving housing inventory and what’s contributing the most to more homes on the market Why inflation may NOT need to hit the two-percent target for the Fed to lower rates The “lock-in effect” explained and why more homeowners with low rates could start selling And So Much More! (00:00) Intro (01:38) A Stubbornly Strong Economy (07:03) Housing Is STILL Hot? (13:23) Mortgage Rate Prediction ((18:29) Will Inflation Fall? (20:56) 2024 Predictions (23:53) An Opportunity for Investors Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-971 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

BiggerPockets Real Estate Podcast

enJune 14, 2024

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392: $12,500 per Month in 'Pure Cash Flow' With Todd Baldwin

A $1 million net worth before the age of 30... through frugality and creative real estate investing! That's what Todd Baldwin's achieved in a few short years, riding the red-hot Seattle housing market by repeat house hacking, renting by the bedroom, and living way below his means. Sure, Todd's benefited from appreciation, but he's also generating monster cash-on-cash returns across his 6 rental properties. And today, you'll learn just how he's doing it: how he finds pocket listings, why he favors new construction, why he pays for a $2,000/month service most landlords would never dream of providing, how he limits roommate drama, and much more. Wondering if this is legal? We discuss that in detail. Oh, and get this—Todd's all-time vacancy rate? Zero percent. So if you're in a high-priced coastal market, you need to listen to this show. And if you don't, we can pretty much guarantee you'll still enjoy it and pick up a few landlording nuggets along the way. Know someone who might put Todd's strategy to use? Share this episode with him or her today! And make sure you're subscribed to the show so you won't miss us next week. In This Episode We Cover: How Todd makes $12K+ in pure cash flow by renting by the bedroom Why he buys new construction rather than fixer-uppers Why he pays for all utilities The legalities of renting by the room The dangers of buying a property with a homeowner's association (HOA) Using a Tinder-like app to find roommates and tenants Why he hires maids to clean each of his 6 properties weekly His system for preventing conflicts among roommates How complementary skillsets make for great business (and romantic) relationships And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast Redfin BiggerPockets Magazine Renthoop BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! Joe Rogan Check the full show notes here: http://biggerpockets.com/show392 Learn more about your ad choices. Visit megaphone.fm/adchoices

BiggerPockets Real Estate Podcast

enJuly 23, 2020

real estate investing

investment strategies

renting

house hacking

property management

House-Hacking: The Best Path to Home Ownership?

Live for free! Okay, maybe not free—but house-hacking, or buying a property that you plan to live in and rent out for income, is a potential solution if you’re feeling financially stuck as an aspiring homeowner. We go way deeper on the subject than ever before, with help from David Greene of the BiggerPockets real estate podcast (https://www.biggerpockets.com/podcasts/real-estate). We cover: Who house-hacking is for (and maybe who it's not), whether to self-manage or outsource, and the paradox of appreciation vs. cash flow. Transcripts, resources, show credits, and more can be found at https://moneywithkatie.com/house-hacking-the-best-path-to-homeownership. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Money with Katie Show

enOctober 18, 2023

real estate investing

Power of Living Live by Design Through Real Estate

In this episode of the AZREIA Show, host Marcus Maloney and executive director Mike Del Prete are joined by Patrick Allen, a subgroup leader from Tucson. They discuss the Tucson real estate market and how it differs from Phoenix. Tucson is described as the more affordable alternative to Phoenix, with a growing population and potential for equity gains. Listeners will gain insights into the Tucson market and its investment opportunities. Tune in to learn more about this up-and-coming real estate market.

Key Takeaways:

02:15 Tucson real estate market overview.

05:18 Bob Zackmeyer's retirement and charity event.

09:59 Different perspectives for new investors.

11:35 Cashflow and financial independence.

14:35 Monopoly as anti-capitalist game.

17:22 Financial statements and real estate.

23:27 Tips for house hacking.

24:04 Forever home and starter homes.

27:07 Buying a single-family home.

29:53 Future business plans.

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The Arizona Real Estate Investors Association provides its members the education, market information, support, and networking opportunities that will further the member’s ability to successfully invest in Real Estate.

Join AZREIA here.

Is a Career in Real Estate Right For You?
Take AZREIA's Real Estate Investing Entrepreneurial Self-Assessment at
👉 https://azreia.org/entrepreneurial-self-assessment

Azreia Real Estate Investing Entrepreneurial Self Assessment
Who is it for?
☑️ Anyone who wants to know if Real Estate Investing is right for them BEFORE spending time or money on education and training.

☑️ Everyone new to Real Estate Investing
Our Entrepreneurial Self Assessment is designed for you to understand if Real Estate Investing is right for you and if so, you are best suited for active or passive investing.

AZREIA membership is a community consisting of independent real estate investors who invest in:
🏡 SINGLE FAMILY
🏙 SMALL MULTI-FAMILY
🏡WHOLESALERS
✍️ NOTES

Educational opportunities are plentiful and delivered through AZREIA’s own education program and in collaboration with outside education providers.

🎓AZREIA’s Core Education Classes are specifically designed for new investors to develop their critical skills quickly and effectively.

🎓Our strategy classes are provided through AZREIA and others and deliver an advanced level of knowledge.

Join the Deal Finders Club here

Deal Finders Club is a thriving real estate community "Where Deals Get Done", we train community members on these core skills...Marketing, Sales, Negotiations, Comping, Writing Offers, Locking Up Contracts, and so much more.

Discover:

https://ebooks.azreia.org/library

https://ebooks.azreia.org/ideal

https://ebooks.azreia.org/fix_and_flipping

https://ebooks.azreia.org/note_investing

https://ebooks.azreia.org/landlording

https://ebooks.azreia.org/wholesaling_real_estate

https://ebooks.azreia.org/property_scouting

https://ebooks.azreia.org/house_hacking

Join our conversation at:
Facebook: https://www.facebook.com/azreia
Twitter: https://twitter.com/azreia?lang=en
Instagram: https://www.instagram.com/arizona_reia/
Linkedin: https://bit.ly/3vKMnrR
Website: https://azreia.org/

AZREIA Show

enOctober 20, 2023

real estate

real estate investing

financial independence

68. Scaling Up: How To Raise Millions In Real Estate

Want to raise millions to invest into real estate for yourself? Then you need to meet Travis Gough, an entrepreneurial real estate investor who has made a name for himself in the industry. With capital from his tech business and personal loans, Travis skyrocketed his real estate portfolio, raising millions from investors and purchasing an additional 26 properties!

Travis strategically leveraged cash-out refinancing and took advantage of rising market prices during COVID to scale his empire even further. But it wasn’t always easy. Travis faced challenges with lenders pulling the plug and had to rely on hard money loans and extra down payments to close deals. He describes it as a grind, but he persevered!

If all that isn’t enough, Travis also shares valuable insights on marketing, property management, and the importance of taking action to create opportunities and build wealth.

If you want to be coached by people like Travis then book a call with us in the link below to see how we can help!

Show Links:

Book a free real estate investing strategy call! No experience necessary.

Check out the Real Estate Investing School Youtube

Real Estate Investing School Instagram

Brody’s Instagram

Joe’s Instagram

Travis Instagram

Real Estate Investing School Podcast

enJuly 03, 2023

real estate

real estate investing

How To Find A Faster Way To Financial Freedom | Sam Primm

Join Nick Lamagna on The A Game Podcast with his guest Sam Primm, a highly successful real estate investor who went from working a full time job in Missouri to now owning over 45 Million dollars in real estate and flipping over 1000 homes in under five years! He is taking the internet by storm with literally millions of followers on his social media platforms where his brand Faster Freedom shares knowledge on real estate education frequently getting 6-10 million views a month.

He and his partner now close over 300 transactions a year including flipping, wholesaling, wholetaling, and rental properties through the BRRRR Method where they are often into properties with no money out of pocket. They also run other related businesses with 30 employees including a property management company and a real estate education company where they share their knowledge and guide investors just like you to financial freedom. Check out this outstanding full episode full of valuable information for new and experienced investors and check out Sam's new book Own Your Freedom available on Amazon!

Topics for this episode include:

✅ How can you get a NO MONEY DOWN loan from the bank to buy real estate

✅ The truth about passive income in real estate investing

✅ What Is the future of social media?

✅ What does year one as a full time real estate investor look like?

✅ Financial advice from a billionaire for real estate investors

✅ Is active income more important than passive income + More!

See the show notes to connect with all things Sam!

Connect with Sam:

www.fasterfreedom.com

Sam Faster Freedom on Instagram

Sam Primm on Youtube