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BiggerPockets Real Estate Podcast

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

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 30 May 2023

⏱️ 74 minutes

🧾️ Download transcript

Summary

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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the Bigger Pockets Podcast Show, 7-72.

0:03.6

The people buying now are the people who were buying in like 2009, right?

0:07.0

Like those people were pumped that they bought in 2009.

0:11.2

This is what it looks like. This is what it looks like to build swell.

0:13.2

It's not pretty now, but I think it'll be beautiful in the long run.

0:16.7

We're always going to be pumped that we bought now like 10 years from now.

0:19.6

That's, and I say that constantly, tell me a person you know that bought a house 30 years ago

0:23.4

that says I wish I'd never would have done it.

0:25.0

It's going on everyone. This is David Green.

0:26.9

joined by my fellow Avengers, Rob Abbasolo, and Henry Washington

0:30.8

with a special episode for you guys today.

0:33.0

We're going to be talking about how to analyze deals in 2023 in the challenging market

0:38.7

that we're in.

0:39.6

And the reason that we are making the show is we actually received a one-star review

0:44.3

on Apple Podcasts.

0:45.3

And we wanted to share that with everyone so they can understand where we're coming from.

0:48.5

The review was titled, It Used to Be My Favorite Podcast.

0:52.4

And the reviewer says, I used to listen to the show religiously,

0:55.8

but it feels like it gets more negative with each new episode I listen to.

0:59.3

And it makes real estate investing seem unattainable.

1:02.4

Now that was a bit of a bummer, however, we understand where the person's coming from, right?

1:08.1

The one-star review may not have even been reflective of us.

...

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