914: Deals We’re Doing: Rob’s Pink Pickle and How David Made $500K on ONE House914:

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 14 March 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You hear us talk a lot about buying real estate, but what real estate deals are WE doing in 2024? Today, we’re pulling back the curtain on our portfolios, walking you through actual deals we’re doing, how much they cost us, how much they’re making, and why, surprisingly, one of us STOPPED buying real estate to focus on something that’ll make much more money. Want to know what it is? We’re about to give you every detail you need to repeat the real estate deals we’re doing! First, Rob will talk about his Pink Pickle…yes, you read that right. It’s the newest bachelorette party-themed short-term rental in Austin, Texas! This short-term rental has everything you’d ever need: a pink pickleball court, a pink dinosaur, a mysterious red button that you SHOULD NOT PRESS, and an above-ground pool. This property took a LOT of work, but it only happened because of a real estate deal gone wrong. Next, David gives a masterclass on how to make half a MILLION dollars in equity on one rental property. He also shows you how having an investor’s eye can allow you to TRIPLE the square footage of a home and skyrocket the rents, making you much more cash flow than you thought possible. And no one even wanted this property in the first place! How do you find these hidden deals? Stick around; we’ll show you! In This Episode We Cover: Whether to buy more doors or reinvest in your real estate portfolio in 2024 (and what we’re doing) Housing market headwinds that are stopping most investors and how to get around them Turning a house flip gone wrong into a cash-flowing short-term rental How David turned a tiny house into a $1.3M triplex with a HUGE equity position The BRRRRSTR strategy explained (buy, rehab, rent, refinance, repeat, short-term rental) Why you always check for extra square footage BEFORE you make an offer on a house 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 Join BiggerPockets for FREE 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 Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube How to Invest in Short Term Rentals (STR) How to Invest in Real Estate With the BRRRR Method Book the Pink Pickle Why I stopped buying real estate (and why you should too) Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-914 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

Transcript

Click on a timestamp to play from that location

0:00.0	This is the Bigger Pockets Podcast Show 914.
0:05.0	What's going on everyone?
0:06.0	This is David Your host of the BiggerPockets Real State Podcast, and boy am I happy to be here today
0:11.0	with my good buddy Rob Obisola as we pull back to curtains and show y'all
0:16.0	what we got going on with our own real estate projects.
0:19.1	Good to be here once again, fellow host David.
0:22.3	I'm excited about today. We have a good episode that we're
0:24.6	calling catching up with the cast where we will give you all of the hot goss of
0:29.6	everything going on in our real estate portfolios in 2024.
0:33.7	And nobody loves Hot Goss more than Robert.
0:36.7	What's your favorite Ryan Gosling movie, by the way?
0:38.7	Is it Behind The Pines?
0:40.1	Was it Barbie?
0:40.9	I think I'm going to go crazy stupid love,
0:43.0	which I know is a bit unconventional for the baby goose gospel himself.
0:47.5	I know a lot of people like the notebook like yourself,
0:49.5	but yeah, dude, crazy stupid love is a good one.
0:51.5	That's right.
0:53.0	On this episode, you're going to be learning about what Rob and I are doing in our own
0:55.1	investment journeys to help inform you on yours.
0:58.0	You're going to hear about how our portfolios are performing and what deals we're actually
1:01.6	working on a little bit into the day to day of
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.