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772: Stop Looking for Perfect Properties, Search for These Instead

772: Stop Looking for Perfect Properties, Search for These Instead

FromBiggerPockets Real Estate Podcast


772: Stop Looking for Perfect Properties, Search for These Instead

FromBiggerPockets Real Estate Podcast

ratings:
Length:
70 minutes
Released:
May 30, 2023
Format:
Podcast episode

Description

Real estate investing has changed a LOT over the past few years. For most people getting into rental property investing in the mid-2010s, profitable properties were plentiful, cash flow was almost automatic, and equity was flowing in the tens (if not hundreds) of thousands every year. Unfortunately, this real estate market is long gone. Now, there’s blood in the streets as new investors try to salvage sickly-looking deals that don’t cash flow and come with pathetic-looking profits. And maybe, just maybe, that’s why now is the best time to buy.
Make no mistake, real estate investing isn’t easy, and just buying any house WON’T make you rich. But, the 2023 housing market has far more opportunity than most people think, and David Greene, Henry Washington, and Rob Abasolo are here to explain how. These three investors have been gobbling up rental properties as quickly as possible. And even with lower margins, slim cash flow, and limited equity, there is some method to their madness.
If NOTHING you’re looking at is cash flowing and almost every home seems overpriced (especially with today’s mortgage rates), this is THE episode to tune into. In it, David, Henry, and Rob will detail how you can “create” a profitable property while the masses sit on the sidelines, as well as go over real, authentic deals they’re doing today to show you it isn’t impossible to invest in 2023. 
In This Episode We Cover:
How to analyze a real estate deal and what to do if none of the properties show a profit 
The 2023 housing market and how things have changed over the past few years
Investor expectations and why the times of “get rich quick” are long gone 
How to build, buy, or force equity into your rentals so you get rich in the background
Simple steps the average investor can do to make their real estate deals work 
Renting vs. flipping and which exit to take in a volatile housing market 
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
BPCON2023
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Hear Dave on the “On the Market” Podcast
Subscribe to the “On The Market” YouTube Channel
David's BiggerPockets Profile
David's Instagram
David’s YouTube Channel
Work with David
Rob's BiggerPockets
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's YouTube
Introduction to Real Estate Investment Analysis
How To Analyze A Short-Term Rental In 2023
2023 Housing Market Outlook
The Housing Market “Signals” That Predict Where We’re Headed in 2023
Connect with Henry:
Henry's BiggerPockets Profile
Henry's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-772
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Released:
May 30, 2023
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.