I moved around a lot when I was younger. And I’m not talking from state to state or city to city—I moved a few doors down from wherever I was living. I never knew why, and frankly, I never asked my parents. All I knew was that I was with my family, so I went wherever they went. It wasn’t until years later that I realized my parents were fixers and flippers. Learn more about your ad choices. Visit megaphone.fm/adchoices
Apr 10, 2024•19 min•Ep. 1274
This week’s headlines cover the erosion of landlord rights as squatters racked up a series of victories in recent months, culminating in the arrest of a landlord in New York City who attempted to evict a person living in her vacant home without a right to. We’ll also cover why recession predictions are always wrong, and if they even matter to real estate investors in particular. Learn more about your ad choices. Visit megaphone.fm/adchoices
Apr 09, 2024•22 min•Ep. 1273
In simple terms, a mobile home—also known as a manufactured home—is a dwelling built in a factory. While these homes are used as primary residences by many, they can also make for a good investment. So, Are Mobile Homes a Good Investment for Rental Property? Yes, mobile homes can be a good investment for rental property when approached correctly. While there’s no defined strategy for success, key considerations include understanding the unique market demand for mobile homes, analyzing location b...
Apr 08, 2024•13 min•Ep. 1272
Real estate investors seem to be taking it from all sides these days. Not only are interest rates, property taxes, and construction costs up significantly from a few years ago, but more and more legislation is being passed to make investing in and managing real estate more difficult, arduous, and expensive. And, of course, it should come as no surprise that most of this legislation will not only hurt real estate investors but will make the problems that need solving all the worse. Learn more abo...
Apr 07, 2024•19 min•Ep. 1271
If you’re looking to break into real estate investing but need to figure out what it takes, consider house hacking. You might wonder, though: Is house hacking legal? Is House Hacking Legal? House hacking is legal when you do it right. For example, renting a spare room in a single-family home or a unit in a multifamily home is legal. However, renting a garage space not meant for living isn’t considered legal. Follow your city’s zoning laws, and house hacking can be legal. Learn more about your ad...
Apr 06, 2024•11 min•Ep. 1270
When it comes to maximizing profit on your investment property, you’ve likely considered quite a few rental strategies. If long-term doesn’t pencil out, you could always consider revenue from medium-term or short-term tenants if your market supports it. But there is another successful, profitable rental strategy you should add to your arsenal: renting your property “by the room.” Also referred to as a boarding or rooming house strategy, renting by room is not a new concept. But these kinds of ar...
Apr 05, 2024•8 min•Ep. 1269
In the ever-shifting world of real estate, you find yourself at a crossroads: Do you buy now or wait for more favorable market conditions? The housing market witnessed unprecedented shifts during the pandemic, with home prices soaring and mortgage rates experiencing volatility in 2022 and 2023 due to the Federal Reserve’s attempts to curb inflation through rate hikes. The combination of these two situations leaves aspiring investors grappling with the decision of whether to lock in stable levera...
Apr 04, 2024•13 min•Ep. 1268
If you’re a real estate investor in 2024 or planning to be, your list of investment property criteria probably has the qualifier ‘‘affordable’’ right at the top. And you’re certainly not alone. The latest Redfin investor home purchases report shows that investors snapped up 26.1% of low-priced homes sold in the U.S. during the fourth quarter of 2023. That’s the largest share of such purchases ever recorded, up from 24% in the fourth quarter of 2022. Learn more about your ad choices. Visit megaph...
Apr 03, 2024•10 min•Ep. 1257
There are plenty of different financing options to consider when you’re ready to invest in real estate. You can leverage your own funds, for example, or receive loans from established organizations or private lenders. There are even options to partner up with someone with the funds to help you carry out your vision. Learn more about your ad choices. Visit megaphone.fm/adchoices
Apr 02, 2024•15 min•Ep. 1266
In recent years, a sizeable amount of criticism has been leveled against what many see as endless sprawl and “lifeless” suburbia that surrounds many American cities. In fact, it happens so often that I’m actually a bit surprised that while the difficulty and opportunity of rural investing comes up fairly often, there isn’t a large amount of discussion regarding the merits and challenges of urban versus suburban investing (although there is certainly some in the BiggerPockets forums). Learn more ...
Apr 01, 2024•24 min•Ep. 1265
The year-round sunshine, the convenience of direct flights, the incredible food and culture—there’s a lot to love about Puerto Rico. As an American citizen, all the same rules apply for buying investment property in this balmy, seaside U.S. territory as they do on the mainland. The Market Details According to short-term rental tracking company AirDNA, it should come as no surprise that Puerto Rico is a booming and profitable short-term rental market. The capital city of San Juan gets AirDNA’s to...
Mar 31, 2024•10 min•Ep. 1264
The year 2024 can feel like a confusing space to inhabit for rookie investors. You have the cash, you have the plan, and you’ve done your research. There remains one big issue: Interest rates that are currently much higher than the historically low rates we had pre-2022. If you’ve done your research into investment financing, you know that investors pay even higher mortgage interest than regular homebuyers (typically between 0.75% and 1.5% higher). Right now, that is a daunting prospect, with re...
Mar 30, 2024•12 min•Ep. 1263
There are plenty of hedge funds investing in real estate in 2024. As an investor, you can learn a lot about the real estate market—including where to invest—by closely following these hedge funds and their performance. Now, let’s examine the hedge funds investing in real estate this year (and likely beyond). Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 29, 2024•13 min•Ep. 1262
Imagine one day living in a luxurious, spacious house with everything you could possibly want in life. Now contrast that with red and blue lights filling your home, with officers yelling and sirens blaring. Then, envision a SWAT team ripping you away from your parents. Although it seems far-fetched, this actually happened. By all accounts, John was living a charmed “trust fund” life, but that was quickly all taken away from him. At age 10, that left John Mansor a ward of the state—orphaned and a...
Mar 28, 2024•17 min•Ep. 1261
As insurance premiums climb, property owners need to grasp how economic conditions and natural disasters affect the insurance market. These insights provide practical guidance for real estate investors navigating a dynamic, unpredictable market. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 27, 2024•12 min•Ep. 1260
Love it or hate it, the financial independence, retire early (FIRE) movement has changed the conversation around financial planning. And any change that provokes new discussion and a fresh perspective is a good change—even if you ultimately side with the traditionalists. Today, I’ll convince you that you don’t actually need or even want to retire early. You want the freedom, flexibility, and intentionally designed life that financial independence offers. The best part? You don’t even need to rea...
Mar 26, 2024•14 min•Ep. 1259
After a winter slump, the real estate market is starting to look a little brighter in time for spring. More homes are entering the market, and buyers are starting to consider buying again after staying on the sidelines, according to the latest numbers from Redfin. For the four weeks ending March 3, new listings were up 13%, the biggest increase in three years. That uptick helped bring the total number of homes for sale up 1.7%, marking the first time in eight months that supply has increased. Me...
Mar 25, 2024•10 min•Ep. 1258
Poor air quality has been in the headlines about U.S. climate change, especially on the West Coast and in Southern states. Increasingly devastating wildfires are becoming a sad fact of life in California, Texas, and Arizona, with many states added to the list of those impacted or at high risk of fire damage each year. But one specific wildfire-related factor is affecting the West more than in any other region in the country: smoke pollution. According to recent research from First Street Foundat...
Mar 24, 2024•11 min•Ep. 1257
When people start investing in residential real estate, one of the biggest mistakes is neglecting the importance of solid property management. We’ve said it before: Your property management team is your first line of defense. They are the best tool for maximizing your property’s performance and value. Without them, even a good investment can turn sour. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 23, 2024•12 min•Ep. 1256
The National Association of Realtors (NAR) announced Friday that it finally reached a settlement with the various homeowner groups that had been suing the trade group since 2019. The NAR will pay $418 million in damages and end some of its practices, including the language around commission sharing. https://www.biggerpockets.com/blog/national-association-of-realtors-to-pay-418-million-and-remove-commission-standards-as-part-of-settlement https://www.biggerpockets.com/blog/the-housing-shortage-wi...
Mar 22, 2024•20 min•Ep. 1255
It’s that time of year when you’re either super happy that your team made it to the big game, or you’re frustrated with your team’s performance throughout the season (such as my Panthers) or still recovering from a playoff blowout (I’m talking to you, Cowboy fans). Or you could be an Eagles fan and question your existence after what’s happened over the last 365 days (much to my delight). At any rate, life goes on, and only one team can win the trophy. What we do have more control over, though, i...
Mar 21, 2024•12 min•Ep. 1254
What if we told you that you could use a credit card to pay the mortgages on your investment properties? And that you could earn points while doing so, which you could then use for free travel, down payments, or even for improving your ROIs? This is what the Bilt Rewards Mastercard could soon allow you to do. (We promise this isn’t an ad.) Bilt recently announced that the company raised an additional $200 million from investors, putting the company’s valuation at an impressive $3.1 billion. Bilt...
Mar 20, 2024•11 min•Ep. 1253
The multifamily and commercial real estate crash is in full swing. As much as $2.7 trillion in wealth has been wiped out with a historic surge in cap rates and plummeting asset values in the commercial real estate world, with multifamily and office leading the charge with estimated 30% and 35% peak-to-trough declines in asset value and even larger percentage declines in equity value. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 19, 2024•25 min•Ep. 1252
The multifamily and commercial real estate crash is in full swing. As much as $2.7 trillion in wealth has been wiped out with a historic surge in cap rates and plummeting asset values in the commercial real estate world, with multifamily and office leading the charge with estimated 30% and 35% peak-to-trough declines in asset value and even larger percentage declines in equity value. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 18, 2024•11 min•Ep. 1251
The multifamily and commercial real estate crash is in full swing. As much as $2.7 trillion in wealth has been wiped out with a historic surge in cap rates and plummeting asset values in the commercial real estate world, with multifamily and office leading the charge with estimated 30% and 35% peak-to-trough declines in asset value and even larger percentage declines in equity value. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 17, 2024•15 min•Ep. 1250
The significance of earning passive income in today’s economy cannot be emphasized enough. Steady, reliable passive income serves as a cornerstone for achieving financial independence, offering a multitude of avenues for growth and prosperity. A plethora of new passive income generation opportunities offered by innovative digital platforms have emerged in recent years. From real estate short notes to high-end art, the landscape is ripe with prospects waiting to be explored. Learn more about your...
Mar 16, 2024•17 min•Ep. 1249
Choosing a real estate investment strategy can be challenging. There are risks no matter what avenue you choose, but understanding all options, including a ground lease, is important. A ground lease can be a good option for landlords or property owners who want prime locations, but not understanding what a ground lease is and how it works can be detrimental. We’ve broken down everything there is to know about the ground lease and what landlords and tenants must consider. Learn more about your ad...
Mar 15, 2024•11 min•Ep. 1248
Rental properties have been one of the largest real estate industry sectors to be hit by the increase in interest rates. Investor purchases of single-family homes tumbled 29% in 2023, according to the Wall Street Journal, citing data from Parcl Labs, a real estate data and analytics firm. Realtor.com concurred that last year saw the largest annual drop in investor buying activity in at least 20 years. However, for those who can buy with cash or hold their nerve (and pay the mortgage) during the ...
Mar 14, 2024•14 min•Ep. 1247
At the beginning of 2023, we reported on the advent of #Airbnbust, a term coined by Amy Nixon and amplified by vacation property operators on social media to describe falling revenues per host due to a rapid increase in the supply of rental homes. Last July, we also dug into conflicting data that sparked a viral debate on whether the short-term rental market was crashing or reverting to normal. Did the trending term correspond to an industry-wide shift in vacation rental performance that would p...
Mar 13, 2024•17 min•Ep. 1245
If you’ve been paying attention to news in the real estate sector, you will know that new construction has faced many challenges since the beginning of the COVID-19 pandemic. From rising prices of construction materials to labor shortages and, most recently, high mortgage interest rates, the homebuilding industry has had more than its fair share of hard knocks. Indeed, homebuilder confidence dropped for three consecutive months in 2023. And yet one of the most respected, successful investors out...
Mar 12, 2024•10 min•Ep. 1245
