BIGGERPOCKETS REAL ESTATE PODCASTHOSTED BYBIGGERPOCKETS
On the BiggerPockets Real Estate Podcast, co-hosts David Greene and Rob Abasolo interview real estate investors and entrepreneurs about successes, failures, and hard-earned lessons. Through in-depth conversations, 1-on-1 listener coaching calls, and news analysis, you’ll get a breakdown of real strategies that work for different niches and experience levels. Tune into the #1 real estate investing podcast every Monday, Wednesday, and Friday.
33777. Passive income without the property headache? It's possible. There's a way to invest in real estate and get monthly income without any tenants, maintenance, or property management. The wealthy have been doing this for years and If you're an accredited or high net worth investor, you too can collect cash flow without the headaches that come from owning rentals. How? By investing in a private real estate fund with PPR Capital Management. PPR's cofounder Dave Van Horn wrote the book on real estate note investing for BP. But he's not just investing in notes. Dave and his team also have an extensive background in commercial real estate. And with PPR Capital Management, they're strategically investing in both notes and commercial real estate nationwide. With over half a $1,000,000,000 in assets under management, PPR has provided individuals with a steady source of truly passive income since 2007 without ever missing a payment. Check them out at invest with ppr.com. Again, if you're looking to get monthly passive income from an experienced team with a strong track record, go to invest with ppr.com today. Welcome back to the Bigger Pockets Real Estate podcast. I'm here with Henry Washington and James Daynard. Let's pick up where we left off. How do you find the agents who are going to work for you like this? How do you find those agents? How do you vet those agents? Because there are more agents than there are properties for sale, and finding these diamonds in the rough are crucial to your success as an investor. So what are some of the things that people should be looking for when they're looking for an investor friendly agent? Well, you wanna look at what's their background in their resume and how much experience do they have inside the the type of investment that you're looking to purchase? I I feel like I'm a fairly experienced, real estate professional. I sell a lot of multifamily, but I also have a couple brokers that I work directly with that we buy a lot of our large apartment buildings with because that's their specialty. They know how to find the deal. They know how to underwrite the deal for us quickly. And we use them as a broker, I'm using them for those
Funding and finding quality deals are the 2 biggest hurdles that investors have to jump through. And this is true for all investors, but it can be particularly challenging if you're a first time investor or a first time home buyer trying to get your first deal. So today, we're actually gonna dive into this and cover funding piece for you and how you may actually have more options to fund your deals than you think. Hey, everyone. My name is Dave Meyer, and today we have a bigger news episode for you. We're gonna be bringing on a lender named Jeff Wogan who specializes in working with investors and specifically first time investors. We're gonna be covering and discussing with Jeff how first time home buyer programs can help you get assistance with your down payment actually means that you can have less cash out of pocket for your first deal. And we're also gonna discuss how to navigate market conditions as a new investor. Super excited to bring on Jeff, but before we do, I just wanted to thank our sponsor. Our bigger news episode today is brought to you by the Rent app the free and easy way to collect rent. If you wanna learn more, just go to rent dot app slash landlord. Alright. Let's bring on Jeff. Jeff Wogan. Welcome to the bigger pockets podcast. Thanks for being here. Yeah. Thanks for having me, Dave. Can you start by just telling us a little about the most common hurdles that homebuyers or first time investors are facing right now? Say the biggest hurdle is the obvious, the lack of inventory, and the high rates that we're all contending with right now. And I think those are the biggest issues that we're all experiencing that's keeping a lot of people stuck on the sidelines at the moment. With this shift that we've seen over the last couple of years, I mean, you think back, you know, prior to March of 2022, we had 100 of 1000 of pre approved approved buyers that could qualify at the, you know, 3 to 4% range that, you know, with rates going up faster than they ever have in history can are stuck on the sidelines and, you know, can't qualify at the current moment. And just for reference, so there is a way that we actually measure how affordable it is to
Henry, when you first became a self managing landlord, would you say that you knew what you were doing Yes, Dave. I absolutely did not know what I was doing. I was terrible. Okay. Because I was about to call BS here if you said you did. I was terrible. I was just so excited that somebody actually wanted to pay me rent, that I would take their money however they would give it to me no matter what that meant for me down the road. Alright. Well, I'm glad I'm not alone, and we're gonna dig into this topic a lot on the show today. We're gonna cover everything that you need to know as a self managing landlord. Hey, investors, and welcome to the bigger pockets podcast. I'm your host, Dave Meyer. And with me today is Henry Washington. Today, we're going to be talking to Amelia McGee and Grace Goodenkoff. They are 2 young investors who both scale to 20 years to piece with no systems or processes in their real estate business And today, we're gonna learn from their mistakes and give all of our investors a toolkit to become excellent self managers. I think this is gonna be a really cool episode because Grace and Amelia make a compelling case, and I personally agree with this that not for everyone, but most people should consider being a self managing landlord because you learn so much that you can apply over the rest of your investing career. And one of the cool things about these two guests is they've actually written an entire book on the topic of being a self managing landlord. It is called the self managing landlord. It's published by bigger pockets And if you want to get it, you should check it out at biggerpockets.com/managingbook. That's where you can get the book itself plus all the bonuses that they'll be giving away. With that, let's get into it and invite Amelia and Grace onto the Amelia and Grace, welcome to the bigger pockets podcast. Thanks for joining us. Thank you so much for having us. We're super excited to be here. Yeah. Thank you. Amelia, let's start with
This is the Bigger Pockets Podcast Show. 9:30:7. What's up, everyone? It's David Green, your host of the Bigger Pockets Real Estate Podcast. Here today with a seeing green special joined by Rob Abasolo in a green sweatshirt. What's going on, Rob? Ahoy. I'm excited. I'm ready to traverse the the world. I just booked a, a 20 day stint in Copenhagen. If you guys aren't following Rob on Instagram, you need to be. It was a I was on the edge of my seat for days as he was going back and forth sharing where will I be traveling? Will it be Holland? Will it be Copenhagen? Will it be Bosnia? I wasn't sure what you're gonna decide on, but you end up up with Copenhagen. I did. Yeah. So I'll be I'll be coming live for y'all from 5 hours ahead. I'm a little nervous about the time change. This is gonna be great. Alright. You know what else is great? Today's freaking show. We've got tons of good topics, including how to navigate tax benefits as a business owner and real estate investor who doesn't like saving in taxes, how to find crime data for buying in a neighborhood that you might wanna live in, Cash flowing commercial real estate thoughts. How to improve the value of commercial real estate. And what to do when you think your job might be on the chopping block. Some really good stuff here. And up first, we're gonna talk about using extra income to pay off your rental mortgages early or putting that money towards cash flowing real estate. And most importantly, we can't do this show without y'all, so go submit your question over on biggerpockets.com/david. Pause this really fast and send me your question, and then jump back into the pod. Let's do it. Let's get into it. Hi, David. My name is Doron from Houston, Texas, and my question is the following. I'm about to buy my first investment property, and my monthly income allows me to make, large payments toward the mortgage to pay it off much quicker than the 30 year rate. The property will cash flow a little bit even with the current interest rates. And my question is, is it a better strategy to pay off the mortgage as quickly as possible using my own money? And then of course, refinance once interest rates go down and then just repeat the.
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