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Financial freedom is the goal we’re all after. Whether you want to replace your nine-to-five income, retire your spouse or family members, spend more time with your loved ones, or just have enough money to travel the world, reaching financial independence is truly the American dream. And the wisest, most stable way to find financial freedom? Real estate investing! For generations, rental property investing has been the foundation of many millionaires’ portfolios, and you can repeat their path with four simple steps. To give you the complete rundown on the four steps to financial freedom, we’ve got Dave Meyer, VP of Data and Analytics and host of On the Market, on the show. Dave embodies the financially-free life most people dream of. He lives abroad, chooses to work, and eats copious amounts of sandwiches every day. But what most people don’t see is the decade of hard work and dedication that Dave put in to get up to this point.  Dave will explain exactly how to calculate the passive income you need to find financial freedom, where to start investing in real estate, how to analyze a real estate deal from scratch, and the one tool that EVERY investor can use to build a rental property portfolio faster. If you want to become a real estate pro in 2023, sign up for BiggerPockets Pro and use code “ANALYSIS20” for a special discount.  In This Episode We Cover How to achieve financial freedom through real estate in 2023  Calculating your FI number and setting the RIGHT type of real estate goals Picking your real estate market and metrics you MUST use when researching  Finding real estate deals and the LAPS funnel professional investors use to find perfect properties How to analyze a real estate deal in minutes using the BiggerPockets rental property calculator  Cash flow vs. appreciation and which you should pick when deciding on your investment strategy  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-742 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

Short-term rentals have taken the world by storm. Over the past two decades, the bed and breakfast type business has fallen prey to the more scalable short-term rental model. Real estate investors quickly realized that they could capitalize on the long-term equity gain of rental properties with the cash flow of hotels in one highly-lucrative asset class. Thus, the rise of the short-term rental, VRBO, and Airbnb investor was born. Arguably the most notable short-term rental investor in the space today is good friend of the show, Rob Abasolo. Rob is such a pioneer in the short-term rental investing area, that veteran agent, broker, and investor David Greene, has partnered up with him to collectively build their cash-flowing, equity-increasing empire together. With dozens of deals under both of their belts, Rob and David walk through the five steps that it takes to find success in the short-term rental space. This episode is split up into two sections, with the latter coming out right after this one. In this show, Rob dives deep into finding a short-term rental market that fits your needs and goals, choosing a location that specifically benefits you as the investor, the different types of short-term rentals, and how to build a vacation rental strategy that will match your goals for financial independence. Whether you’re thinking of buying a snowy chateau or a desert domicile, Rob and David will help you put the pieces together so you can build a strong portfolio that will benefit you for decades to come. In This Episode We Cover: Choosing a short-term rental market and what aspects to look for Cash flow vs. appreciation and which matters more when it comes to STR investing The four types of short-term rental markets and which have the best chance of success Seasonality and factoring it into your revenue and profit calculations The risks of investing in vacation rental markets and how to scale your portfolio faster And So Much More! Links from the Show: BiggerPockets Forums BiggerPockets Youtube Channel Airbnb Brian Chesky's Linkedn profile Julian (San Diego, California) town profile Eureka Springs City (Arkansas) profile Waco City (Texas) profile Chip and Joanna Gaines HGTV profile Copperopolis Town (Calaveras County, California) profile AirDNA Destin City (Florida) profile Gatlinburg City (Tennessee) profile Great Smoky Mountains Zillow Redfin Robuilt YouTube Channel: HOW MUCH MONEY MY TINY HOUSES MAKE and why Airbnb is the best way to make passive income Robuilt YouTube Channel: This is exactly how much your property will make on Airbnb Check the full show notes here: https://biggerpockets.com/blog/biggerpockets-podcast-578 Learn more about your ad choices. Visit megaphone.fm/adchoices

If a housing bubble is on the horizon, how best do real estate investors prepare for the massive hit they’re about to take? With so much money flowing throughout the economy, home prices hitting record highs, and competition staying fierce, what can the average investor do to stock up so when a housing market crash does happen, they’re ready to make big moves? David Greene, may have an answer. Although many people see David as a real estate fortune teller, he, unfortunately does not bring his crystal ball (unless you count his shiny bald head) onto today’s coaching call episode. Lucky for us, he does bring over a decade worth of knowledge from investing in many different phases of the real estate cycle. David is thrown questions from live guests today, without any preparation or information besides his own knowledge. Topics on today’s show range from when to buy a primary residence vs. buying a rental property, outsourcing your tasks so you can grow your portfolio, what will happen when interest rates rise this year, housing bubble indicators, and finding honest contractors. If you’re looking to invest in real estate, whether this year or within the next decade, David’s thoughts on surviving and thriving in a housing crash could make you much, much wealthier! In This Episode We Cover: Whether to pay rent and buy a rental property or buy your first primary residence  Bridge loans and raising private capital from investors in your network Enforcing the principles of Who Not How to grow your business faster and smarter Avoiding the housing market hysteria that many investors are facing today The leading indicators of a housing market crash (and how to see them before others do) How to avoid untrustworthy contractors and keep the quality ones around And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Calculators Submit your Question for an upcoming Seeing Greene episode! Biggerpockets Pro Membership David Greene's Real Estate Team Henry Washington's BiggerPockets Profile BiggerPockets Ask your Questions Live BiggerPockets Podcast Warren Buffet Bitcoin Ethereum XRP Craiglist Check the full show notes here: https://biggerpockets.com/show574 Learn more about your ad choices. Visit megaphone.fm/adchoices

Avery Carl is the go-to contact for short-term rental investing. Her business, The Short Term Shop and The Mortgage Shop not only helps find properties and secure loans for prospective short-term rental investors but also helps guide investors through their first vacation property purchase. While this type of property can be a cash flow king, it also takes more management and a bit more time upfront to get the system oiled and operating smoothly. Since we last talked to Avery, she’s quadrupled her portfolio from twenty-something short-term units to ninety-six units, sixty-one of which are large multifamily properties. Avery gives an in-depth analysis on why short-term rentals should hold a place in every investor's asset collection, and the common pitfalls investors go through when purchasing their first short-term rental. If you’d like to learn more about building wealth through short-term rental investing, grab Avery’s brand new book Short-Term Rental, Long-Term Wealth! In This Episode We Cover: Why having short-term rentals can help real estate investors mitigate risk How Avery added over seventy more doors to her portfolio in under two years The wrong vs. the right questions to ask when buying a short-term rental The five things people need to avoid when making their first STR purchase Why you may want to “bear-proof” your next cabin in the woods Not being afraid to ask questions when investing Why you should buy Avery’s new book Short-Term Rental, Long-Term Wealth And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl BiggerPockets Publishing BiggerPockets Bookstore AirDNA PriceLabs Airbnb Vrbo Facebook Marketplace Turo Realtor.com Vacasa Craigslist Amazon Check the full show notes here: https://biggerpockets.com/show517 Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ Support the pod by spreading the word, become a referrer here: refer.fm/million --------- --------- Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) discuss: * (2:07) Jake Paul, Bill Clinton, the Pope and a Prince * (13:30) TurnedYellow and the IP licensing business * (22:42) Cronyism and the Indonesian King of Coal * (33:48) "Business is the Art of Copying" * (47:53) Are robo-pets the future? * (53:33) The amazing story of the founding of Adidas --------- --------- Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.

Interested in someday making the leap to bigger investments? Don't miss this one! Ben Leybovich and Sam Grooms join us for a high-level conversation about how they transitioned from flips and smaller assets to 100-plus-unit, value-add multifamily deals. Since the first part of this show was recorded pre-coronavirus, we brought the guys back on to hear their thoughts on today's market and get an update on how their business is doing amid the volatility (spoiler: pretty well!). In This Episode We Cover: Finding the perfect partner for you The 6 factors they look at when analyzing a market Why Sam & Ben keep such a large reserve fund Why investors sometimes overvalue cash flow Why they like the Phoenix market How to establish a competitive edge in real estate investing How they look at multifamily syndication as "a long flip" Why equity protects you Buying insurance against interest rate increases Hiring their own construction team How they're adjusting to COVID-19 And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Podcast BiggerPockets Calculators BiggerPockets Podcast 382: No Money Down BRRRR Investing with Josiah Smelser (Part 1, Recorded Pre-Coronavirus) BiggerPockets Podcast 382.5: Surviving When the BRRRR Hits the Fan with Josiah Smelser (Part 2, Post-Coronavirus) Deloitte BiggerPockets Conference 2020 BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah Open Door Capital BiggerPockets Podcast 313: How to Be Happy AND Grow a Massive Business with Entrepreneur Jesse Itzler (and Josh!) Check the full show notes here: http://biggerpockets.com/show383 Learn more about your ad choices. Visit megaphone.fm/adchoices

House flipping can be incredibly profitable and fun — but for many people, trying to make it work is next to impossible because of the high cost of homes. That’s why on this episode we’re excited to chat with Steve Jones, a house flipper from Southern California who has flipped over 100 deals in his neighborhood. Steve’s advice is rock solid for anyone looking to grow their real estate business — and you are going to love his advice about open houses. Steve’s perspectives just might change how you do real estate forever. In This Episode We Cover: Thoughts on investing in Southern California How Steve got started in real estate The first home he flipped What exactly a “condo conversion” is How he’s done over 100 flips so far How Steve finds his deals What you should know about looking for hidden value Steve’s formula for evaluating a deal How he flips a deal What he typical spends on a normal rehab The worst flip he’s ever done How to think with the buyers in mind Tips for getting an A-team contractor How to learn from contractors The importance of developing a thorough scope of work Why deals are relationship based How to calculate land value What happens when people lose their money Things that he loves about flipping houses The “slow flip” Becoming an expert on your neighborhood And SO much more! Links from the Show Fake F***ing Flowers (video) BiggerPockets Calculators Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki Why We Buy: The Science Of Shopping by Paco Underhil Tweetable Topics: “We always bring the indoors outdoors — and bring the outdoors in.” (Tweet This!) “You have to have an appetite for risk.” (Tweet This!) “Your best price is always going to be your first price.” (Tweet This!) Connect with Steve Steve’s BiggerPockets Profile Steve’s Company Website Steve’s Instagram Steve’s Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone wants to invest in multifamily properties. (Well, almost everyone.) But with the market heating up around the country, great deals are becoming incredibly difficult to find. That’s why we had to bring back one of our most popular guests on the BiggerPockets Podcast, Serge Shukhat. The last time we talked with Serge back in episode 60, Serge told us how he built up a massive portfolio in just a few years. But if you were impressed then, this show is going to blow you away. Filled with TONS of actionable tips, stories and warnings, this is one episode you are going to want (and need) to listen to over and over again. In This Episode We Cover: How Serge got started in real estate What he’s been up to since his last episode What value add and value add investors are What you need to know about commercial lending How he used seller financing for his 32 units The 3 components of successfully purchasing multifamily properties The ins and outs of cap rate and exit cap rate Why Serge does his own property management Things to avoid when value add investing What exactly submetering is Instances when overlooking things may cause problems later on Thoughts on using multi-units as vacation rentals How to train resident managers and tenants The importance of changing your strategy depending on the market What you should know about long term 30-year fixed financing What secondary markets are — and why Serge likes them How to connect with owners and resident managers How to keep a competitive advantage And SO much more! Links from the Show BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone BiggerPockets Forums Stop Obsessing About All Those Damn “Rules” in Your Real Estate Investing (Blog Post) LoopNet BiggerPockets Multi-Family and Apartment Investing Forums Books Mentioned in this Show The Magic of Thinking Big by David J. Schwartz Rich Dad Poor Dad by Robert T. Kiyosaki Landlording on Auto-Pilot by Mike Butler The Real Book of Real Estate by Robert T. Kiyosaki The 7 Habits of Highly Effective People by Stephen Covey The ABCs of Real Estate Investing by Ken McElroy The E-Myth Revisited by Michael E. Gerber The ONE Thing by Gary Keller How to Win Friends & Influence People by Dale Carnegie Tweetable Topics: “If you want to do a syndication, make sure you find a syndicator that is experienced. It’s all about the sponsor.” (Tweet This!) “Time is not your enemy in real estate, time is your friend.” (Tweet This!) “Be on a location where people want to be.” (Tweet This!) “No matter how successful you are, you got to keep moving forward.” (Tweet This!) Connect with Serge Serge’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices