BiggerPockets Daily Podcast

Released 7 days per week, the BiggerPockets Daily Podcast takes the wisdom contained in tens of thousands of BiggerPockets blog articles and converts them into a compelling and convenient audio experience. Rather than covering the daily news, the BiggerPockets Daily Podcast will feature evergreen articles so you can listen and learn on your timeline. Skip episodes, take a break, then binge and catch up—make us a part of your daily routine and listen while you’re working out, cooking a meal, or doing yard work!

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Previous Episodes

November 14, 2020

BiggerPockets Daily 31: Investment Success in Good & Bad Times: A Recession-Proof Investing Plan That’s Never Failed Me by Joseph Asamoah

In these uncertain times, many real estate investors may feel a sense of paralysis and doom where their real estate portfolio is concerned. I understand. I have been here before. In fact, I've been th rough four economic downturns in my real estate career, and I am here to tell you first and foremost: for better or worse, we will get through these challenges. (Hopefully for better rather than for worse.) It is understandable to have a period of abject panic and for your mind to race a bit at everything that is going on. But when you’re done with that (please be done with that), I would urge you to put your game face on and consider some new strategies and ways to pivot with the changes coming in the markets. One strategy I employ that has proven to be fairly recession-resistant is my "Tier 1" model for Section 8 housing. What do I mean by that? I mean rolling out the red carpet for the crème de la crème of Section 8 voucher holders. Believe it or not, in times of crisis and uncertainty, voucher holders are actually one of the most reliable, stable tenants to have, so I am here to tell you that you should take very good care of them. ... show more

November 13, 2020

BiggerPockets Daily 30: Rental Arbitrage: The Secret to Making a Fortune on Airbnb Without Owning Property by Jason Allen

When most people think of real estate investing, they usually assume a few things. One, they think they need a lot of capital to get started, and two, they think they need to own a lot of property to make money. That’s not true, thanks to rental arbitrage. Owning property isn’t a bad thing, but it isn’t necessary under the arbitrage model. Through this method, you can work with a landlord to rent out their property on Airbnb—and make a lot of money doing so. ... show more

November 12, 2020

BiggerPockets Daily 29: The Fair Housing Act and Landlords: What You Should Know by Brandon Turner

The Fair Housing Act (FHA) ensures that any person can buy or rent a house or apartment wherever they want regardless of their race, ethnicity, gender, religious preference, disability, family status, or national origin. Some areas of the United States also prohibit discrimination based on sexual orientation. As part of the Civil Rights Act of 1968, overseen by the U.S. Department of Housing and Urban Development (HUD), the Fair Housing Act prevents housing discrimination and ensures equal opportunities for all tenants and homebuyers. It was enacted during the Civil Rights Movement, shortly after the assassination of Martin Luther King, Jr. It also states that you cannot discriminate through the terms of your lease agreement or by advertising with any preference toward protected classes. Unfortunately, the Fair Housing Act doesn’t actually list the words you can’t use in marketing communications. A good rule of thumb is to avoid exclusionary words like “no” or “only,” except when the exclusion is clearly allowed by law (e.g., “no drugs” or “no smoking”). After reading the above list of protected classes and examples of discriminatory language, you may think you have nothing to worry about. After all, most of us would never intentionally discriminate against any of the above classifications. However, intentional or not, discrimination is discrimination. Even a well-meaning comment or decision made by the landlord—or anyone acting on your behalf—can be considered discriminatory. ... show more

November 11, 2020

BiggerPockets Daily 28: 3 House Hacking Mistakes I Made (& How I Could’ve Prevented Them) by Craig Curelop

Just a few years ago, I was completely against real estate. I wanted nothing to do with it. I thought that in order to qualify as a real estate investor, you had to pass this unofficial test to prove that you were a money-grubbing jerk who would step over your mother's dead body for a dollar. Thanks to BiggerPockets, I realized that not all real estate investors are like that. I learned that there is a community of real estate investors who are willing to give advice without compensation. After 11 months of research, networking, and interacting on BiggerPockets, I was able to go from a hater to closing on my first house hack. Nine months of landlording later, despite all of the research I did, I still made mistakes. Since I learned so much from other people, I am morally obligated to share with you my three biggest mistakes that I made as a first-time landlord and home owner. ... show more

November 10, 2020

BiggerPockets Daily 27: 7 Profitable Side Hustles in the Real Estate Field by Scott Smith

Every day, you’re hustling. But maybe your hustle just isn’t enough to pay off those student loans. Or you need a few extra bucks to worry less about credit card bills. Or maybe you’re ready to buy an investment property but just need to scrape together a down payment. Or maybe you were furloughed or let go from your 9-5 because of the coronavirus pandemic. It’s time for you to get a side hustle. Close to half of all Americans have a side hustle. A lot of these side hustlers even have full-time jobs. But some are looking to leave that full-time job and start earning passive income while they live in Bali. If you're looking to invest in real estate, side hustles can help you get there without making a drastic change to your lifestyle. Don’t know where to start? Read on for a few suggestions. Some of these side hustles require a little bit of cash to start. Others don’t. Some require a license and some training. Others require that you have great selling skills and killer connections in the industry. But no matter where you are in your real estate journey, you can start making some extra with at least one of these side hustle ideas. ... show more

November 9, 2020

BiggerPockets Daily 26: The Top 7 Sacrifices Real Estate Investing Demands by Eric Drenkhahn

I get emails and calls all the time about people wanting advice on how to invest in real estate. It is sort of flattering, like I have some sort of insider knowledge of the markets or what property or type of asset is the best investment today. But I am always willing to share my knowledge. Even more interesting are the investors who say something like, "If you find a property that I can make a quick $50K on, call me. I have the money to invest." If I see a property with a $50K potential, it’s mine — and no one else’s if I can help it. I get people who contact me with things like this. “I have a goal to have 100 rental properties within 10 years. I have $10K to invest now. How should I start?” I admire the goal setting, and I appreciate the fact that someone can think big. Unfortunately, if that is your way to riches in real estate, your bubble will soon be popped. ... show more

November 8, 2020

BiggerPockets Daily 25: The Ultimate Guide to Using Direct Mail Marketing to Grow Your Real Estate Business by Brandon Turner

Last week I received a car key in my mailbox. The key looked different… it had no grooves in the side, just smooth. KeyFurthermore, the key was attached to a brightly colored postcard that cla imed “You’ve Won!” Did it have my attention? Of course! I had to continue reading, despite the fact that I knew this was just another piece of junk mail. Looking over the card I saw that a local car dealership was giving away a free car to someone who would come down and test drive a car this weekend. (Reading the small print I see that the odds of winning the car was 1/3,000,000 but the odds of winning a free cup of coffee was 2,999,999/3,000,000. I wonder which prize I won…) So why did the dealership send me this colorful postcard and key? Simple: this is direct mail marketing, and it's used by millions of marketers all across the world to sell products. From cars, to insurance, to mortgages, to electric fireplaces and more, direct mail marketing is a proven technique for growing your business. Today we are going to dive deep into the topic of direct mail marketing and focus specifically on how you can use direct mail to get new leads, expand your brand, and grow your business. Welcome to the Ultimate Guide to Direct Mail Marketing! ... show more

November 7, 2020

BiggerPockets Daily 24: 3 Pros (& 2 Cons) of Self-Directed IRA Investing by Dave Van Horn

Looking back, I’ve spent a good part of my life searching for the greatest investment. I’ve tried many different types of investments over the years. Some weren’t right for me at the time and some wer e. Eventually, I found not only the type of investments I prefer, but also the way I prefer to invest. I also realized that I wanted to be the one in control of my own money. So, what did this journey actually look like? Well, I’d say it’s similar to what many folks go through out there. I remember my first corporate America type of job, where in a good year we had some profit-sharing paid directly to our retirement accounts. But in a bad year, the company didn’t put any money away for me. I worked there for 13 years, and in that time, I only accumulated approximately one year’s total salary in my retirement account. Obviously, it wasn’t going to be an exciting proposition to continue on long term with that firm. ... show more

November 6, 2020

BiggerPockets Daily 23: How to Upgrade Your Landlording to Make Your Investment More Passive by Debbie Emick

It’s a typical story… Investor hears about all the ways real estate can be a good investment. Now that he has the real estate bug and is seeking financial freedom, he puts a little money aside. He' s ready when his first "great deal" comes along. Because he's starting out on a small budget, he decides to do all the rehab and property management himself. What at first appears to be good experience gaining an understanding of all sides of the business quickly turns into a very time-consuming portfolio of 10+ self-managed rental homes. He's knocking on doors collecting rents, mowing lawns, fixing toilets, painting walls. He's a jack of all trades. Before he knows it, he's white-knuckling his way through days at his W-2 job and nights and weekends working on his side hustle, hoping he'll someday make it to financial freedom but forgetting to enjoy the road there. Sound familiar? If you too are getting bogged down in the minutia of rental properties, perhaps there are a few ways you can make your life easier and more enjoyable. Here are some ideas to add a little more freedom and sanity to your investment game. ... show more

November 5, 2020

BiggerPockets Daily 22: Real Estate Investment Showdown: Mobile Home Parks vs. Apartment Buildings by Dave Van Horn

When I first got into mobile home investing, it was almost by accident. Up until then, I had only invested in single family residential (SFR) properties, and I was thinking about getting started in ap artment investing as a next step. As it turned out, though, I was running a REI networking group at the time, and an outfit looking to raise capital to purchase a mobile home park reached out to me about presenting in front of my group. Later on, I decided to team up with them, mainly on the capital raising side. Looking back, I see it as a positive experience. Not only did I learn a lot about raising capital, but I also learned quite a bit about the many advantages and disadvantages specific to this type of investing. Overall, I think mobile home parks can be a valid investment vehicle that may benefit many real estate investors. Based on my experience, here’s how I think it stacks up against investing in apartment buildings. ... show more

November 4, 2020

BiggerPockets Daily 21: Do Landlords Need an LLC for Rental Property? by Whitney Hutten

If you are a real estate investor or thinking of becoming one, it is imperative that you understand the legal issues involved in order to protect your assets. One of the most important decisions you h ave to make is the legal structuring of your real estate business—or what is more commonly known as an LLC. Do landlords need an LLC for rental property? In short, it depends on your situation and your investing goals. How many properties do you own? What states are they in? Are you wanting an LLC’s legal protection, or would it benefit your financing options... or do you just want to sound cool and say you own a company? (In all seriousness, that last point can be a big driver for investors. And it’s no way to make a decision.) “LLC” is short for limited liability company, a newer form of business entity that offers benefits that partnerships and corporations do not guarantee. It protects investors from themselves and others. ... show more

November 3, 2020

BiggerPockets Daily 20: How to Generate $10,000 in Passive Income Monthly Without Quitting Your Day Job by Paul Moore

Recently, I was at a real estate summit in Philadelphia, when a guy in a Hawaiian shirt slipped into a nearby row. He had a beer in his hand, though it was only about 10:00 a.m. (if I recall). He look ed a bit out of place, honestly, and I couldn't help but notice that he seemed to be... well, let's say more relaxed than everyone else. I struck up a conversation and learned that he travels the world full-time—on his real estate profits. And he said his goal was to work as few hours as possible. He seemed like he was having fun! I just had to probe. I never would have guessed he was a former banker. This guy—we’ll call him Martin—had shucked his suit and tie for a suitcase and a straw hat. He had learned the secret of Airbnb arbitrage. ... show more

November 2, 2020

BiggerPockets Daily 19: How to Hack Your Housing and Live for Free by Brandon Turner

Yes, house hacking is a thing. Are you surprised? The internet is full of "life hacks." I'm sure you've seen them, with clever tricks like storing your pancake mix in old ketchup bottles or dipping your Oreos with a fork through the frosting. Sure, those are fun little tricks—but how much do they really improve your life? House hacking, on the other hand, is epic, life-changing stuff. When properly implemented, this can have a dramatic effect on your wallet and the financial destiny of your family. I'm talking about hacking your housing and living for free. I'm talking about building wealth automatically and getting paid to do it. I'm talking about buying an owner-occupied multifamily property and having other people pay your mortgage. Wait, what? You heard me—it's often called an "owner-occupied multifamily property," but you probably have heard other names for it like "duplex," "triplex," or "fourplex." These are properties that have more than one unit but don't quite fit the "apartment complex" category. There is a good chance you've even rented a unit in one of these places in the past or know someone who has. They exist in every market, in every neighborhood, and at every price point—and by purchasing a small multifamily property, living in one unit, and renting the other units out, you can live for free and even make money on top of it. ... show more

November 1, 2020

BiggerPockets Daily 18: Quit Your Day Job and Find Financial Freedom: Here’s How to Become a Full-Time Real Estate Investor! by Brandon Turner

Real estate has some tremendous superpowers—not the least of which is its ability to help you find financial freedom and leave your terrible day job. Do you want to travel the world? Dedicate more tim e to volunteer efforts? Focus on raising your kids? A thriving real estate business can be the key. But there’s a catch: To achieve true financial independence, you have to really love real estate. Just because you’re ditching the nine to five paycheck doesn’t mean real estate investors don’t work. They just have more freedom to arrange their lives in the way that best suits them. ... show more

October 31, 2020

BiggerPockets Daily 17: Living Frugally vs. Spending on What Matters: How I Achieve a Happy Medium by Elizabeth Colegrove

Frugality isn't about being "cheap" -- it is about investing in what is important to you and living cheaply in the other areas that you don't care about. It is about being smart and understanding wher e you can cut corners and save money. The truth is, you can live frugally in ANY stage of life with ANY income level! The reason I say this is because I live it. I consider myself "frugal," but I am also an "onion" with frugal layers on non-frugal layers. Depending on the layer, I may be willing or unwilling to spend depending on how much that aspect of my life means to me. ... show more

October 30, 2020

BiggerPockets Daily 16: 12 Reasons Why Rental Properties Are the Best Investment by Brandon Turner

It’s no secret that I love rental properties. Sure, flipping and wholesaling properties might be fun. Notes and tax liens might have fewer tenants. The stock market might be more popular. But rental p roperties are my true business love. Let me explain why. ... show more

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BiggerPockets Daily Podcast

Previous Episodes

BiggerPockets Daily 31: Investment Success in Good & Bad Times: A Recession-Proof Investing Plan That’s Never Failed Me by Joseph Asamoah

BiggerPockets Daily 30: Rental Arbitrage: The Secret to Making a Fortune on Airbnb Without Owning Property by Jason Allen

BiggerPockets Daily 29: The Fair Housing Act and Landlords: What You Should Know by Brandon Turner

BiggerPockets Daily 28: 3 House Hacking Mistakes I Made (& How I Could’ve Prevented Them) by Craig Curelop

BiggerPockets Daily 27: 7 Profitable Side Hustles in the Real Estate Field by Scott Smith

BiggerPockets Daily 26: The Top 7 Sacrifices Real Estate Investing Demands by Eric Drenkhahn

BiggerPockets Daily 25: The Ultimate Guide to Using Direct Mail Marketing to Grow Your Real Estate Business by Brandon Turner

BiggerPockets Daily 24: 3 Pros (& 2 Cons) of Self-Directed IRA Investing by Dave Van Horn

BiggerPockets Daily 23: How to Upgrade Your Landlording to Make Your Investment More Passive by Debbie Emick

BiggerPockets Daily 22: Real Estate Investment Showdown: Mobile Home Parks vs. Apartment Buildings by Dave Van Horn

BiggerPockets Daily 21: Do Landlords Need an LLC for Rental Property? by Whitney Hutten

BiggerPockets Daily 20: How to Generate $10,000 in Passive Income Monthly Without Quitting Your Day Job by Paul Moore

BiggerPockets Daily 19: How to Hack Your Housing and Live for Free by Brandon Turner

BiggerPockets Daily 18: Quit Your Day Job and Find Financial Freedom: Here’s How to Become a Full-Time Real Estate Investor! by Brandon Turner

BiggerPockets Daily 17: Living Frugally vs. Spending on What Matters: How I Achieve a Happy Medium by Elizabeth Colegrove

BiggerPockets Daily 16: 12 Reasons Why Rental Properties Are the Best Investment by Brandon Turner

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