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    marketconditions

    Explore "marketconditions" with insightful episodes like "ASK342: What's the best path to £2k per month? PLUS: What is deal sourcing?", "Jean-Jacques Guiony CFO of LVMH", "Encore: “My Landlord Is Trying To Raise My Rent. What Should I Do? ” (Listener Intervention).", "612: Seeing Greene: Is a Headache Seller Worth Losing a Deal Over?" and "ASK331: How do I handle a rent increase? PLUS: Should I buy in a tower block?" from podcasts like ""The Property Podcast", "In Good Company with Nicolai Tangen", "Money Rehab with Nicole Lapin", "BiggerPockets Real Estate Podcast" and "The Property Podcast"" and more!

    Episodes (41)

    ASK342: What's the best path to £2k per month? PLUS: What is deal sourcing?

    ASK342: What's the best path to £2k per month? PLUS: What is deal sourcing?

    It’s our favourite time of the week - Rob & Rob are back with another round of listener questions. 

    First up, this listener wants to know the best way to achieve his goal of a passive income of £2,000 a month. 

    He’s figured out that to achieve this he’d roughly need around seven buy-to-let properties, and he’s got a few ideas of how he can get there. 

    He’s recently completed a flip with a friend and has around £75,000 in profit that he can use to invest again. 

    Should he continue flipping until he has enough cash to purchase all seven buy-to-lets at once, or should he purchase a couple of buy-to-lets now, let the market do its work, refinance and then purchase more properties later on? 

    Next up, we’ve got a question from Kieran in London. 

    Kieran’s recently come across the term ‘deal sourcing’ and he wants to know what it’s all about. What exactly does deal sourcing mean and is it a good idea? 

    Tune in to hear what Rob & Rob think. 

    Do you have a buy-to-let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).  

    Or if you prefer, click here to leave a recording via your computer instead

    The next question on Ask Rob & Rob could be yours.  

    Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So, get yourself over and introduce yourself. 

    And if you’d like to find out more information about Portfolio you can do that here

    See omnystudio.com/listener for privacy information.

    Jean-Jacques Guiony CFO of LVMH

    Jean-Jacques Guiony CFO of LVMH

    In this episode Nicolai Tangen talks to Jean-Jacques Guiony, CFO of LVMH. Mr Guiony gives a unique peek into the inner workings of the world's largest and most powerful luxury goods company.


    The production team on this episode were Plan B’s Tor-Erik Humlen and Olav Haraldsen Roen. Background research were done by Sigurd Brekke and Bård Ove Molberg with additional input from our portfolio manager Anthony Sleeman.



    Hosted on Acast. See acast.com/privacy for more information.


    612: Seeing Greene: Is a Headache Seller Worth Losing a Deal Over?

    612: Seeing Greene: Is a Headache Seller Worth Losing a Deal Over?
    Cash flow and appreciation are at opposite ends of the investing spectrum. One will fuel your current lifestyle while the other will slowly, silently build your long-term wealth. The cash flow vs. appreciation debate has gotten even stronger this year as home prices continue to rise and cash flow prospects dwindle in formerly stable markets. Is there a way to still get the benefits of long-term growth while also taking home a sizeable rent check? If there’s one man to ask, it’s your host, David Greene, who’s joining us for another episode of Seeing Greene. David knows a thing or two about buying for different purposes, in different market conditions, with different exit strategies. He’s not only asked about how to do this on today’s episode, he’s also asked questions like who should be on the mortgage when buying a rental with a partner, whether to sell or refi a rental, what to do when your DTI (debt-to-income) ratio is too high, dealing with difficult sellers, and how to get comfortable with being uncomfortable.  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!  In This Episode We Cover How to split title and mortgage costs when investing with a spouse or partner  Whether to focus on one market or several markets with different benefits in each When to sell or refi a rental property (especially if interest rates are rising)  How to purchase your next primary residence AFTER you’ve quit your W2 for real estate Dealing with difficult sellers and how to “convince” them to accept your offer Why being uncomfortable when investing is a sure sign of growth  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast David’s YouTube Channel Grab Your Tickets for BPCon 2022 BiggerPockets Money Podcast Real Estate Rookie Podcast Ask David Your Real Estate Investing Question How to Use a HELOC to Buy Real Estate How to Embrace the Uncertainty of Change & Make Your First Deal Cash Flow vs. Appreciation—What Experienced Investors Know That You Don’t Work with The One Brokerage For Your Next Mortgage Book Mentioned in the Show: Long-Distance Real Estate Investing by David Greene Connect with David: David’s Instagram David’s BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-612 Learn more about your ad choices. Visit megaphone.fm/adchoices

    ASK331: How do I handle a rent increase? PLUS: Should I buy in a tower block?

    ASK331: How do I handle a rent increase? PLUS: Should I buy in a tower block?

    It’s time for some more listener questions and this week we’ve got some good’uns lined up for you! 

    Kicking us off this week we’ve got a cracking question from Sian in Wiltshire. 

    Sian is a fairly new investor and her first tenant’s tenancy is coming to an end. What she’d like to know is how does she go about introducing an annual increase in their rent? 

    Is there a bog-standard calculation she should be using? Should she base it on inflation? Or are there other things she should be considering? 

    Her tenant is a good tenant, so she doesn’t want to rock the boat, but she also doesn’t want to cut herself short and miss out on market value rent. 

    What advice have Rob & Rob got to help her out? 

    Next up we’ve got a question from a mystery caller. This listener didn’t leave his name, but that won’t stop us from answering this corker of a question! 

    He’s currently considering purchasing a flat in a tower block (all cash) and he wants to hear what Rob & Rob think about this? 

    With the ongoing cladding situation, lenders are still cautious to lend on tower blocks, but as he’s going to be buying in all cash, so he could secure himself a little discount. 

    Do Rob & Rob see tower blocks changing any time soon and how do they think they will appreciate in the future? 

    Tune in to find out. 

    Do you have a buy-to-let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).  

    Or if you prefer, click here to leave a recording via your computer instead

    The next question on Ask Rob & Rob could be yours.  

    Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So, get yourself over and introduce yourself. 

    And if you’d like to find out more information about Portfolio you can do that here

    See omnystudio.com/listener for privacy information.

    555: Buying in Expensive Markets & When to Jump Into Real Estate: Live Q&A w/Henry Washington

    555: Buying in Expensive Markets & When to Jump Into Real Estate: Live Q&A w/Henry Washington
    If you’ve got real estate investing questions, David Greene and Henry Washington have answers. These two real estate investors have been through the good times and the bad times, dealing with dozens of tenants, plenty of 2 AM maintenance calls, and all the fun that comes along the way. Today, they open up their minds to help share answers to some of the most asked real estate questions. These questions were taken directly from real estate investors, just like you! You’ll get to hear exactly how David and Henry answer tough questions like these, on the spot, with no preparation. If you’ve been itching to ask a question to a high-level investor like David or Henry, stick around, as they might answer your question on today’s episode! Want to ask a question next time? Submit yours at biggerpockets.com/david!  In This Episode We Cover: How to buy properties in an expensive market (and still cash flow!) Whether or not you should convince a seller to owner-finance you a deal Saving up down payments vs. using HELOCs (home equity lines of credit) to purchase your deals When the right time to jump into real estate is (and how much you should have saved) Whether or not you should buy a house that’s on a septic tank How to finance more properties when you’ve personally maxed out your DTI (debt-to-income ratio) And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Rent Estimator BiggerPockets Forums BiggerPockets Talent Search Submit Your Questions to David Greene David Greene Team David’s Instagram David’s BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/show555 Learn more about your ad choices. Visit megaphone.fm/adchoices

    Stanley Druckenmiller on What Makes a Great Investor, Bitcoin & His Biggest Trades

    Stanley Druckenmiller on What Makes a Great Investor, Bitcoin & His Biggest Trades
    Trung Phan (@TrungTPhan) -- lead writer for The Hustle -- interviewed hedge fund legend Stanley Druckenmiller on May 11. Widely regarded as one of the greatest investors ever, Druckenmiller famously made $1 billion in a single trade shorting the British Pound in 1992.  Sam (@theSamParr) has a brief intro chat with Trung before transitioning into the 40-minute Druckenmiller Q&A, which covers: 1) the parallels between now and the Dot-com bubble; 2) the appeal of Bitcoin; 3) the first Big Tech firm likely to reach a $5T valuation; 4) what makes a great investor; and 5) Druckenmiller’s investment in fintech startup Toggle AI (which set up the interview).  --------- * 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: https://refer.fm/million * 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. --------- Show notes: * (8:25) Lessons from the Dot-com Bubble  * (17:40) What’s the first Big Tech company likely to reach a $5T valuation?  * (19:25) What’s the biggest risk to the equity markets?  * (21:55) What are the long-term effects of the Wall Street Bets saga?  * (24:20) How he uses Toggle AI in his investing process * (26:50) What makes a great investor?  * (35:20) What is the appeal of Bitcoin?  * (42:20) His thoughts on Dogecoin  * (44:20) Advice for 20-year olds

    462: The 5 Fundamentals That Lead to $35M of Real Estate in 1 Year with Terrance Doyle

    462: The 5 Fundamentals That Lead to $35M of Real Estate in 1 Year with Terrance Doyle
    Some would call Terrance Doyle a “baller”. Not because he’s done hundreds of millions of dollars in real estate transactions, or because he has done over 600 flips, or because he helps lead the Tribe of Multifamily Mentors. Terrance played college basketball, which grew into working as an NBA sports agent, garnering him access to famous coaches, players, and executives. Terrance and a couple of his college teammates started a franchise after college, and needed somewhere to park cash. Another teammate helped Terrance buy a foreclosure at a public trustee sale, which he flipped for a sizable profit. This is when he knew that the real money was made in real estate. Between 2008 and 2014, Terrance did over 600 flips, in multiple different areas of the country. As he learnt to build relationships and rapport with buyers, sellers, lenders, and contractors, Terrance started taking on bigger and better deals. He’s done $35,000,000 in transactions since the start of the pandemic and relies on the five basic fundamentals of real estate: know your market, be aggressive, be faster than the competition, have solid lenders, and make sure your ducks are in a row. In This Episode We Cover: The 5 fundamentals of successful real estate investing Going from NBA agent to full-time real estate professional  Finding your competitive edge and knowing where you can add value How to invest in a very expensive market (like Denver!) Cap rates, NOI, cash on cash return, and other important metrics How to run your organization more efficiently, so you can do more And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel Check the fulls how notes here: http://biggerpockets.com/show462 Learn more about your ad choices. Visit megaphone.fm/adchoices

    397: Live Calls! A Travel Nurse, a College Student, a High-End Flipper + More BP Members Put Brandon, David, and J Scott on the Hot Seat

    397: Live Calls! A Travel Nurse, a College Student, a High-End Flipper + More BP Members Put Brandon, David, and J Scott on the Hot Seat
    In today's episode we open up the phone lines again to field your real estate investing questions... and for an added twist, we bring in the familiar voice of author, BiggerPockets Business Podcast host, and house flipper/investor extraordinaire J Scott. You'll hear callers chime in with questions like: 1) "Help me get started" 2) "should I partner with family members?" 3) "How do I transition from single family to multifamily" – and much more! From refinancing and the finer points of BRRRR... to mentorship and long-distance investing... It's all here! Tell Brandon and David what you think of this new format in the show notes at biggerpockets.com/show397. We want to hear from you, too! Learn more about your ad choices. Visit megaphone.fm/adchoices

    ASK248: I got a bargain - should I flip it? PLUS: Will this help me avoid the stamp duty surcharge?

    ASK248: I got a bargain - should I flip it? PLUS: Will this help me avoid the stamp duty surcharge?

    It’s another Tuesday, so it’s another Ask Rob & Rob. And we’ve got two cracking property questions for you.

    The first question is from Dom who’s just completed on a 2-bedroom flat in South London. He agreed the price back in January before the dreaded coronavirus, and went back to negotiate on the advice of Rob & Rob and managed to snap up an absolute bargain!

    So he’s ended up with a new house at a massively discounted price. 

    Today he’s asking whether Rob & Rob reckon he should flip it, take the cash and wait for another dip. 

    Rob B has some solid advice today and a bit of warning about that ‘paper-profit’. Dom needs to be careful about allocating overall transaction costs and also about potentially investing on the expectation of a dip in the market. 

    Why should Dom be careful? Why should nobody ever invest based on assumptions? Tune in to find out.

    Next up is Sabrina from Newcastle. She got hooked on the podcast after reading Rob D’s book and hasn’t looked back ever since - that’s what we like to hear! 

    Sabrina is a first time buyer and wants to know if investing in property via a limited company would preserve her first time buyer status for when she eventually buys her own residential property to live in - therefore avoiding that 3% stamp duty surcharge on second properties.  

    Listen as Rob D takes the lead on this question and explains how we’re all judged as individuals when it comes to property transactions. 

    Try as we might, there’s no getting around stamp duty unfortunately. 

    If only we could wave that magic wand!

    Tune in to today’s Ask Rob & Rob, it’s one not to be missed!

    Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply). 

    Or if you prefer, click here to leave a recording via your computer instead.

    The next question on Ask Rob & Rob could be yours. 

    Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.

    See omnystudio.com/listener for privacy information.

    Market update: 8 May 2020

    Market update: 8 May 2020

    Rob & Rob are back again with another Friday market update for you. 

    Could this week be the start in the decline of our market updates? Well, that all depends on what Boris announces this weekend. 

    This week there’s been some positive news for Grand Junction, the first ever Property Hub Homes development. We’ve started to have units go through completion. Hurrah!

    And even better, after just a few hours of being on the rental market, we were inundated with rental applications from virtual video viewings. 

    That’s mindblowing in this current market!

    Rob & Rob are also discussing the new bounceback scheme the government introduced a couple of weeks ago, aiming to get money quickly to small businesses.

    It’s quick and easy to apply for and is either up to £50,000 or 25% of your turnover. So, if this would give you a helping hand, it might be worth giving this episode a listen.

    And of course, The Robs will be discussing the current stock market so there’s plenty for you to digest this week!

    Enjoy - and we’ll be back next week!

     

    We’d love to hear what you think of our new market updates over on Facebook, Twitter or Instagram. You might even have a question you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.

     

    Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week! 


    If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.

    See omnystudio.com/listener for privacy information.

    381: 5 Rules for Investing in a Down Market with Tucker Merrihew

    381: 5 Rules for Investing in a Down Market with Tucker Merrihew
    Can you flip, wholesale, and buy rentals throughout a downturn? Yes... IF you heed the advice given out in today's episode. Our guest Tucker Merrihew is more than qualified to tackle this subject, having launched his real estate business in Portland, Oregon, in 2008—during one of the worst housing markets of all time. In a rare "Double Deep Dive" segment, Tucker walks us through a couple TTM Development projects from 2009 and reveals exactly what he did right and wrong at the time. As for the coming months... you'll learn which types of properties to avoid, which price ranges to target, and why renovating old homes can be risky business at this stage of the market cycle. Plus, Tucker explains why he underwrites every deal at 3 different prices to make sure it passes his "Oh $#!# Test" if the market goes south. Tucker is a seasoned pro with hundreds of deals under his belt, and he shares tons of valuable information for free in this episode. Be sure to subscribe to the BiggerPockets Real Estate Podcast for more tips on investing safely while taking advantage of the opportunities ahead. Learn more about your ad choices. Visit megaphone.fm/adchoices

    325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui

    325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui
    Awesome show alert! Today’s guest is so full of information you will be blown away. Aaron Amuchastegui sits down with Brandon and David and explains how he buys 20 deals a month while practicing principles of the four-hour workweek. It’s an incredible story about how he built a big business with foreclosures, how he keeps his pipeline full (including how he buys deals at auctions), how he does due diligence, and how he tracks down owners of vacant properties. You won’t want to miss his advice on owning C- or D-level properties, how he uses flip profits to fund a business that acquires rentals, and—most importantly—how you can lose money in real estate even if you’re buying great deals. This episode is full of more powerful insight than we can begin to mention. Aaron is a big-time real estate investor who has gone from rags to riches, to rags to riches again. Tune in to hear him share everything he learned along the way. Download today! In This Episode We Cover: How he got into real estate investing Buying at an auction The different types of auctions How to approach and talk to cash buyers The moral aspect of real estate How to do title research A big surprise after buying a sight-unseen house Bouncing back from losing everything he built Why he thinks flipping is a job And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Kiawe Outdoor Instagram Kiawe Outdoor Brandon’s Instagram BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors Auction.com GoBundance Five Hour School Week Books Mentioned in this Show The Miracle Morning by Hal Elrod The 4-Hour Work Week by Timothy Ferriss Rich Dad, Poor Dad by Robert Kiyosaki Tweetable Topics: “There’s so many problems that you can solve in real estate.” (Tweet This!) “I make money 9/10 houses. I take a loss 1/10.” (Tweet This!) “Flipping is only money when you keep flipping.” (Tweet This!) Connect with Aaron Email Aaron: aaron@flsonline.com or aaron@fivehourschoolweek.com Aaron’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

    ASK 169: Should I worry about ROI if I’m buying for growth? PLUS: Which landlord organisation should I join?

    ASK 169: Should I worry about ROI if I’m buying for growth? PLUS: Which landlord organisation should I join?

    We’re back for the second round of Ask Rob & Rob year, and our listeners are firing some cracking questions over to us.

    In this week’s episode the guys are going back over a topic they’ve covered a number of times after one of our Hubbers, Philippa, asked if she should worry about ROI if she is buying for growth.

    In the past, Rob B has said that you should be focussing on an ROI of around 10%. But is this still the case if you’re in it for the long haul? Should you be looking at instant income in addition to (or instead of) growth? Is it actually possible to have it all?

    Tune into this week’s Ask Rob & Rob to find out.

    The next question is: Which landlord organisation should I join?

    Rob D tackles this one head on. It’s not often that a landlord organisation is at the top of a landlord’s to-do list, so listen as Rob runs through the reasons why you should join and also listen out for a little wild-card he throws in!

    Press the play button to find out more!

     

    Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).

     

    Or if you prefer, click here to leave a recording via your computer instead.

    The next question on Ask Rob & Rob could be yours.

    Have you joined us over in The Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.

    See omnystudio.com/listener for privacy information.

    Bryan Krug – High Yield Credit Investing - [Invest Like the Best, EP.114]

    Bryan Krug – High Yield Credit Investing - [Invest Like the Best, EP.114]
    My guest today is Bryan Krug, who manages the Artisan Partners Credit Team and overseas more than $3B in high yield credit investments for the firm. This was my first conversation on high yield, so I took it as an opportunity to get an overview on the investment universe and home in on the tools used for analysis and security selection. As an equity investor, I think one of the most fruitful areas of research is into ways that companies fail or go wrong, and credit investors focus almost entirely on this potential for impairment. My guess is that all equity investors will learn something useful from this conversation. Please enjoy. For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag   Show Notes 2:11 – Overview of the high yield debt markets 5:05 – Why should investors consider this investment class 7:11 – How analyzing a company’s debt is different from what equity analysts look for 8:42 – Primary factors when exploring a company’s ability to de-lever 9:43 – What is their alpha vs others in the space 12:02 – Deep dive into the quantitative factors for them to look into a deal 14:25 – Benchmarks he uses 16:08 – Portfolio construction 17:15 – Their preference for broadband providers over cable tv networks 20:01 – What piques his interest about spreads 21:50 – The ratings of debt 25:40 – A recent example of an opportunity and how the mispricing was identified 29:17 – Most valuable data sets in this world 31:51 – Favorite part of this process 32:26 – Most surprising new learning 33:01 Maintaining your advantage 34:49 – The biggest pools of error in this industry 48:00 – What industries interest Bryan 40:50 – Dedication to this market 41:45 – Evolution of his healthy skepticism 42:38 – Can things in the debt market help to project what will happen in the equity markets 44:56 – Current view of the world based on what is happening in the credit markets 45:51 – Categories of convenience that he cares about 49:15 – Anything that has him worried in high yield markets 50:38 – Kindest thing anyone has done for Bryan   Learn More For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag

    Private equity's debt mountain

    Private equity's debt mountain

    Private equity has flooded the deal market in recent years, in part due to an era of cheap debt and fund managers on the hunt for greater investment returns. Firms are scooping up stakes in oil pipelines and newspapers — and even dental clinics. With a record $1.8tn in pension and sovereign wealth fund money waiting to be invested, some analysts are asking when private equity’s winning run will come to an end. With the FT's Javier Espinoza. Read more here


    Review clips: CNBC, NBC, Bloomberg.



    Hosted on Acast. See acast.com/privacy for more information.


    238: Becoming a Real Estate Millionaire on a Teacher’s Salary with Michael “Swanny” Swan

    238: Becoming a Real Estate Millionaire on a Teacher’s Salary with Michael “Swanny” Swan
    Is it possible to invest in real estate if you live in an expensive market—and earn a teacher’s salary? According to today’s guest, it’s not only possible, but it can be incredibly profitable! Today’s guest, Michael Swan, is a P.E. teacher who lives in San Diego but has used the valuable real estate concept known as “trading up” to acquire millions of dollars in real estate. You’ll learn why Michael liquidated his entire retirement plan to buy his first few deals, the truth about “luck” and real estate, and some fantastic tips for buying and managing properties—even from a distance. (And if you work a full-time job or make less than $100,000 per year, this show might just change your life!) In This Episode We Cover: Why Michael’s nickname is Swanny How he realized his financial ladder was leaning on the wrong building Tips for utilizing IRAs and penalties Whether purchasing 11 condos is a good idea or not The story of the 15-unit apartment complex How he went from $5k in cash flow to $24k Whether luck had to do with his great deals Tips for buying areas in with both cash flow and appreciation His formula for financial freedom (using multifamilies) A discussion on single families versus multifamilies How to find deals in your market Tips for seeking out the perfect property manager How many units he has now How to tackle big projects How he manages his work with his time as a teacher And SO much more! Links from the Show BiggerPockets Forums Zillow Craigslist Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Multi-Family Millions by David Lindahl Loopholes of Real Estate by Garrett Sutton The 7 Habits of Highly Effective by Stephen Covey Think and Grow Rich by Napoleon Hill The 10X Rule by Grant Cardone Fire Round Questions What strategies do you use to find the “right” property manager? Is a skunk in the yard my responsibility? Apartment bedrooms 2, 1 or studios Investing in San Diego Investing in rental income properties out of state Tweetable Topics: “Living in San Diego, if I am able to do it, anybody can do it.” (Tweet This!) “Luck is when preparation meets opportunity.” (Tweet This!) “Make sure you make connections with everybody.” (Tweet This!) “I don’t take advice from someone that has less than me.” (Tweet This!) Connect with Michael Michael’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

    192: Income from Cash Flow but Wealth from Appreciation with Russel Brazil

    192: Income from Cash Flow but Wealth from Appreciation with Russel Brazil
    “I can’t invest in real estate — everything is too expensive” is a common statement used by newbie real estate investors across the world. But is it true? Today on the BiggerPockets Podcast, we’re excited to dig in on the topic with Russell Brazil, an investor from the DC area who has a unique perspective on the wealth-building power of appreciation (AND cash flow!). In This Episode We Cover: How Russell got started in real estate Where he invest (and the prices in that location) Why you should fix your personal finances first Where to cut expenses The snowball effect that happens when you’re not living on the cashflow How the numbers look on his first properties What CapEx is (and other expenses you should be aware of) How many rental properties he has today How he broke even with some of his properties A discussion about appreciation Thoughts on investing in condo units Why he’s planning to invest in residential complexes Why he doesn’t do much flipping anymore How to find investors and partners Advice for new investors Tips for taking advantage of low interest rates And SO much more! Links from the Show BiggerPockets Youtube Channel BiggerPockets Webinar BiggerPockets Bookstore The Simple Action No One Does That Will Make You A Millionaire (blog) BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich BiggerPockets Forums Books Mentioned in this Show The Book on Investing with No or Low Money Down by Brandon Turner The 4-Hour Workweek by Timothy Ferriss The Big Short by Michael Lewis One Up On Wall Street by Peter Lynch Tweetable Topics: “If you want it bad enough, you’ll figure out how to save money.” (Tweet This!) “Cash flow is how I pay my bills, while appreciation is how I build wealth.” (Tweet This!) “Debt is good. I love debt.” (Tweet This!) “The best way we can mitigate risk and make money is by having market knowledge.” (Tweet This!) “Real estate is a ‘relationships’ business.” (Tweet This!) Connect with Russell Russell’s BiggerPockets Profile Russell’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

    152: Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge Shukhat

    152: Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge Shukhat
    How would you like to own ten, fifty, or a thousand rental units? That’s the topic of today’s podcast roundtable with three previous guests of the BiggerPockets Podcast, Ben Leybovich, Brian Burke, and Serge Shukhat. These three investors have three very different business models, and in this fascinating discussion, each shares how they use rental properties to build wealth and passive income. We discuss (and debate) every aspect of the investor’s journey — all in an effort to help you succeed! We also discuss the big dangers rental investors face and how YOU can avoid those problems! Don’t miss this incredibly powerful episode with three fun, smart, and successful rental property investors! In This Episode We Cover: Where is the rental market headed? Is planning for appreciation useless? (Debate!) What mistakes do new investors make? Overcoming challenges to investing in TODAY’S market Is it too late for newbies to buy rental properties? The best “single tip” from each panelist for newbies And SO much more! Links from the Show BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich BP Podcast 061:How to Succeed in Multifamily Investing – A Unique Conversation with Josh, Brandon, and Ben BiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian Burke BP Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian Burke BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat BP Podcast 131: Investing in Multifamily Properties in a HOT Real Estate Market with Serge Shukhat Books Mentioned in this Show The Book on Rental Property Investing by Brandon Turner The Book on Managing Rental Properties by Brandon & Heather Turner Brandon Turner’s The Book on Investing with No or Low Money Down Connect with The Panel Brian Burke’s BiggerPockets Profile Brian’s website Ben Leybovich’s BiggerPockets Profile Ben’s website Serge Shukhat’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

    13: Buying Real Estate with Seller Financing and Speculating with Leon Yang

    13: Buying Real Estate with Seller Financing and Speculating with Leon Yang
    Traditional cash flow investing and bank loans are the most common methods used for buy-and-hold investors, but it’s not the only way. Today’s episode of the BiggerPockets Podcast looks at some alternative methods of real estate investing that we haven’t covered in great detail yet on the show, but may help you pick up new skills and ideas for your investing plan. On today’s show, we sit down with Leon Yang, a young investor from the Las Vegas area who fills us in on his strategy to buy homes using seller financing. We also learn how he closely watches the real estate market to ride the “speculation wave” to build wealth through appreciation and time. A BiggerPockets Podcast Milestone! Before we get to the show – we want to give a big thanks to everyone who has left us a review in iTunes– we are up to 175 five-star reviews and counting! Also – we have reached 100,000 downloads of the podcast since we started – which is really, really incredible! Thanks so much to everyone who has helped us reach this milestone and supported BiggerPockets on this journey! Read the transcript for episode 13 with Leon Yang here In This Show, We Cover: How to get started when living in a city with high prices Why Leon chose Las Vegas to invest in How to use seller financing to fund your purchases Leon’s primary source for finding seller financing. How to approach sellers and negotiate the best deal. Two things more important than “selling price” in a deal. Speculating in real estate: is it ever okay? Leon’s view on the future of inflation in the US. The first step for new investors. Why now is the best time to invest in real estate. Links from the Show How to Buy a Small MultiFamily Property: A Step by Step Case Study  Using BiggerPockets to Grow Your Business – Free eBook What is Your Real Estate Lifestyle? (Post by Leon Yang) BP Podcast 006: Investing While Holding a Full Time Job with Arthur Garcia How to Invest in Real Estate when Everything is Too Expensive The BiggerPockets Blog The BiggerPockets Forums Books Mentioned in the Show: Rich Dad Poor Dad by Robert Kiyosaki The Total Money Makeover by Dave Ramsey The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets Investment Biker: Around the World with Jim Rogers Tweetable Topics “Seller financing is about relationships and trust. Build that before negotiating.” (Tweet This!) “Inflation is a borrower’s friend.” (Tweet This!) “To be successful, you have to get a good financial education.” (Tweet This!) “Strike a good balance between real estate and the rest of your life.” (Tweet This!) “It’s the experiences in life that make life interesting, not how much money you have.” (Tweet This!) Learn More about Leon Leon’s Blog: HardWorkingPenguin.com Leon’s Facebook Learn more about your ad choices. Visit megaphone.fm/adchoices