517: 5 Pitfalls When Buying These “Crazy Cash Flow” Properties

How do you find investment properties nobody else is looking for—the ones with cash flow potential, equity upside, and wealth-building qualities all the other investors overlook? Simple: buy what nobody else wants. For Lisa Field Moore, that’s old homes. Most rookie investors walk into an old house, notice the foundation problems, warped floors, and outdated electricals, and quickly see themselves out. But Lisa sees money to be made—and you should too. In this episode, Lisa shares how she’s built a sizable real estate portfolio by buying old, overlooked, and outdated homes, all in the past four years! But these are treacherous waters, and getting a major rehab item wrong could cost you a deal. To help, Lisa breaks down what isn’t (and definitely is) a red flag when looking at old homes, how she lost serious money making one easy mistake, and how to avoid doing a bad deal ever again. Plus, she shares her tips for rock-solid tenant retention that’ll keep your rental properties filled for years (or even decades!). Want to know how to find these older homes with wealth-building potential? Stick around because DealMachine gives us a bonus segment on the five ways to find a motivated seller in ANY market!  In This Episode We Cover: Why you cannot overlook rehabbing older homes and outdated properties  The two things that tell Lisa an older home ISN’T worth investing in  Why termites, foundation problems, and outdated electrical systems aren’t as bad as you think The huge mistake Lisa made that ruined a $100K+ rehab project and how to avoid the same fate Tenant retention 101 and best ways to ensure your vacancy rate is low and your cash flow is high  DealMachine’s five ways to find motivated sellers in any 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 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 Ask David Your Real Estate Investing Question Dave’s BiggerPockets Profile Dave’s Instagram Henry’s BiggerPockets Profile Henry’s Instagram BiggerPockets' Instagram 8 Things to Look for When Rehabbing Older Homes Pros and Cons of Old vs. New Rentals Connect with Lisa: Lisa's BiggerPockets Profile Lisa's Facebook Lisa's Instagram Lisa's LinkedIn Lisa's Website (00:00) Intro (01:31) Investing in OLD Houses (05:22) Signs of a Solid Property (10:18) $100K Rehab Gone WRONG (16:06) How to Avoid Bad Deals (19:42) When to Hold and When to Sell (23:54) Tenant Retention 101 (34:27) 5 Ways to Find Motivated Sellers Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-942 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

Should you pay off debt or invest? Many online financial gurus would tell you in a heartbeat that paying off debt is the number one priority…but is that always true? What if there was a way to pay off debt WHILE investing, so you could lower your liabilities AND build wealth in the background? And what if you could do that even if you were hundreds of thousands of dollars in debt? If this sounds like your situation, this Seeing Greene is for you! David and Rob are back, answering your real estate questions so YOU can build wealth faster, reach financial freedom, and live the life you love. Our first question comes from a concerned rental property owner wondering why his property management company can’t do something seemingly simple. Then, a nationwide investor asks, “Are home warranties ever worth it?” A medical student with massive student loans asks how to start investing while in debt, and an aspiring investor asks how to turn his inherited rental property into a big portfolio. Will robots cause the downfall of real estate, and when is it the right time to add a bedroom to your rental? All that and more are coming up in this episode! Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot! In This Episode We Cover: Should you invest or pay down debt? We have a strategy for doing BOTH! What to do when your property management company ISN’T doing what you want Home warranties 101: an appliance saver or a complete waste of money? How to turn one rental property into an entire portfolio using HELOCs and cash-out refinances Whether or not construction “robots” will cause home prices to plunge  When (and when NOT) to add bedrooms or extra space to your rental property 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 Ask David Your Real Estate Investing Question David's BiggerPockets Profile Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube BiggerPockets' Instagram Seeing Greene: Rehab Costs, Renting vs. Owning, and The END of Real Estate? Should I Pay Off My Student Loan or Invest in Real Estate? Complete Guide to Home Warranties Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-941 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

Everyone knows how to find a real estate agent. But an investor-friendly agent—one who will find deals for you, run the numbers, hook you up with contractors, and help you get funding—isn’t the same as your neighborhood agent down the street. These agents have connections that can help skyrocket a new real estate investor’s portfolio and bring them deals that no one else knows about. So, how do you find these diamond-in-the-rough real estate agents? You need to ask THESE questions. To help you vet your future investor-friendly real estate agent is James Dainard. James is a flipper, wholesaler, broker, investor, and lender in the Seattle, Washington, area. He’s been buying and selling houses for two decades and does more deals in one month than most investors do in years! He’s here to guide any investor through finding an investor-friendly agent, the crucial questions you MUST ask at the start, his number one tip for finding the best agents in an area, and how agents can set themselves apart from the competition. But that’s not all. With the latest agent commission lawsuits, more buyers are aware that commissions are negotiable. So, whether you’re looking to get a steal on your next deal or want a first-class buying and selling experience, James walks through how you may now be able to negotiate what commission you want to give an agent, depending on what matters most to you. In This Episode We Cover: The best place to find a real estate agent (for investors!) Questions you MUST ask any “investor-friendly” agent BEFORE you use them  The services that expert-level agents provide that’ll help you build wealth faster Negotiating agent commissions and how the recent NAR lawsuit could change the agent landscape How to make sure that your agent knows what they’re talking about when they bring you deals 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 Ask David Your Real Estate Investing Question Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube Henry's BiggerPockets Profile Henry's Instagram BiggerPockets' Instagram 5 Ways to Find an Investor-Friendly Real Estate Agent Connect with James: James' BiggerPockets Profile James' Instagram Broker Website James' YouTube (00:00) Intro (00:52) Regular vs. Investor-Friendly Agents (04:21) Services to Look For (08:47) How to Find the Right Agent (13:50) #1 Tip to Try (17:04) Questions to Ask Your Agent (19:36) Elite Agents Have This (25:22) Negotiating Commissions Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-940 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

If you’re a first-time home buyer, now may be one of the best times to get a loan in recent history, according to mortgage advisor Jeff Welgan. With new no-money-down mortgages coming out specifically to help first-time home buyers finally get into a property, you can now buy a house for no money out of pocket, with your entire purchase price and closing costs covered. These 100% financeable loans aren’t a secret, so why don’t most first-time home buyers know about them? In this BiggerNews, we’re diving deep into the best first-time home buyer loans available in 2024, how to pick up your first property for NO MONEY out of pocket, and low-money-down multifamily deals any brand new investor can start buying today. With affordability at nearly forty-year lows, most Americans struggle to save up a down payment, even if they have enough income to qualify for a home loan. This is where 100% financeable loans come in, making it easier than ever to buy your first home. So, who can get approved for these first-time home buyer mortgages, where do you find them, and how do they work? Jeff goes through these programs on the federal and state levels, showing first-time home buyers where to find them, which loans to avoid, and whether or not they can use these loans to buy their next property. Thank you to our sponsor, Rent App: the free and easy way to collect rent.  In This Episode We Cover: How to get 100% financing on your first property (no money down!) Who qualifies for these first-time home buyer loans, and which properties require a down payment The problem with FHA loans and where you should/shouldn’t use them Rate buydowns and why this once valuable tool is no longer being used How to invest in small multifamily with VERY little money down 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 Ask David Your Real Estate Investing Question Dave's BiggerPockets Profile Dave's Instagram BiggerPockets' Instagram Hear Dave on The “On the Market” Podcast Watch Dave on the “On The Market” YouTube Channel Grab the “First-Time Home Buyer” Book from BiggerPockets 4 Popular Mortgage Programs for First-Time Home Buyers Connect with Jeff: Jeff's Instagram Jeff's LinkedIn Jeff's Website (00:00) Intro (01:12) 100% Financing For Your FIRST Home? (06:28) How These Loans Work (11:40) The Problem with FHA Loans? (14:35) Getting a Lower Mortgage Rate (25:30) Low Money Down Multifamily Investing Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-939 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

If there’s one thing that’ll make or break your real estate portfolio, it’s property management. When done correctly, property management can feed you consistent, passive income without the everyday stressors of being a landlord. Whenever you hear people talking about bad tenants, midnight phone calls, or surprise maintenance problems, they’re really talking about property management gone wrong. So, how does a rookie real estate investor, with even just one rental property, start managing the right way so they can scale their portfolio faster?  Amelia McGee and Grace Gudenkauf, authors of The Self-Managing Landlord, did it all wrong initially. They were picking up every tenant phone call, placing every service request, taking rent payments every which way, and here’s the thing—none of it was working. As they scaled their portfolios, things only got more difficult until finally, one day, they stopped and developed a system, and like that, their businesses took off. Now, only a few years into real estate investing, both Amelia and Grace have dozens of rental units to their names and less stress than ever before. How did they do it all WITHOUT hiring everything out to a property manager? In today’s show, they’ll share the self-managing principles they used to explode their rental portfolios while staying sane! And if you’re a new investor or are about to be one, these tips could save you YEARS of headaches! In This Episode We Cover: Why EVERY real estate investor should be self-managing when building their portfolio How to start building your property management “system” that’ll save you HOURS a week What brand new investors NEED to start doing once they have their first property Three apps/software that every real estate investor should have Tenant selection 101 and simple mistakes that could cost you months of rent  How to know it's time to start outsourcing and signs you need some help 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 Ask David Your Real Estate Investing Question Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram BiggerPockets' Instagram Rookie Podcast 111 - 26 Doors in 1 Year? Here’s How You Can Do It Too! w/Amelia McGee Rookie Podcast 161 - Using Calculated Risk to Acquire 17 Doors In Under a Year (at Age 24!) w/ Grace Gudenkauf Self-Management vs. Property Management Company: What’s Right for You? Book Mentioned in the Show The Self-Managing Landord by Amelia McGee & Grace Gudenkauf Connect with Grace & Amelia: Amelia's Instagram Grace's Instagram Amelia and Grace's Website (00:00) Intro (01:48) EVERYONE Should Self-Manage (04:06) How Bad Management Burns YOU (09:31) Start Doing This NOW (14:08) Tips for Your First Rental Property (19:26) 3 Apps/Software You Need (22:44) Tenant Selection and Screening (26:56) Outsourcing vs. DIY (32:21) When to Hire it Out (36:11) Grab the Book! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-938 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

Should I pay off my rental property or reinvest? How do I replace my six-figure salary with cash flow from real estate investing? And what’s the best way to analyze crime BEFORE I invest in an area? You asked, and we’re here to answer on this episode of Seeing Greene as we take questions from rookie real estate investors, veterans in the rental property game, and everyone in between. If you want to scale your portfolio faster or quit your job with real estate, this is the place to be! First, we take a question from a high-earner asking whether they should pay off their rental properties OR use their extra money to build a bigger portfolio faster. A fledgling house hacker wants to know the best way to analyze an investing area for crime now that many online listing websites have taken down this data. A business owner is struggling to find real estate write-offs and asks for help, and a rental property investor needs to know which commercial real estate investment boasts the biggest cash flow. Finally, an anonymous question comes in from a techie who’s about to lose their job. How can they replace their six-figure income with rental properties fast? Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!  In This Episode We Cover: Whether to pay off your mortgages early or reinvest to build a bigger portfolio Replacing your salary with real estate income and why you may want to get a job instead  How to analyze an investment area for crime with limited online data  The short-term rental tax loophole that could save you a TON on taxes Will an ADU (accessory dwelling unit) add value to your property on an appraisal? Cash-flowing commercial real estate investments and why top investors pay attention to something else  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 Ask David Your Real Estate Investing Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube BiggerPockets' Instagram Ask Other Investors Their Takes on a Neighborhood Rookie Podcast 368 - Pay Less Tax to the IRS This Year With THESE Real Estate Tax Strategies w/Natalie Kolodij Real Estate Podcast 823 - The Tax-Free Strategy Only Real Estate Investors Can Access Real Estate Podcast 919 - How to Use Real Estate to Quit the 9-5 Grind Get a Short-Term Rental Cost Segregation Books Mentioned in the Show Pillars of Wealth by David Greene Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-937 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

Want to know how to invest in real estate with NO money down? Or, maybe you’ve got a bit of cash in the bank and think now is the time to get into the real estate investing game. No matter where you’re at or how much money you have, we’re bringing you four ways to invest in real estate with no money AND low money in 2024. Does it sound too good to be true? Thankfully, this is just how real estate works and our expert investor hosts can back up the facts—these methods CAN be done with little or no money down. Some of these strategies will get you in the game, making cash flow every month, EVEN without owning a rental property. Others will allow you to put very little money down to buy your first house, but you must be willing to follow a few rules. We’ll also get into the short-term rental side hustle that has landlords pay YOU for managing their property and exactly how Rob scored a three percent interest rate (in TODAY’s market) while putting very little money down on a property. Don’t let money stop you from starting your investing journey! Combine a few of these strategies, and you could have a cash-flowing rental property portfolio in just a few years’ time! In This Episode We Cover: How to start a real estate business without owning a single property! The exact method Rob used to score a three percent interest rate in 2024 How to buy one house every year using these low-money-down loans Real estate partnerships 101 and how to invest using other people’s money  The property management side hustle for short-term rentals that could help you save up a down payment 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 BiggerPockets' Instagram Network and Learn from Other Investors on The BiggerPockets Forums Grab “The Book on Investing in Real Estate with No (and Low) Money Down” How to Buy a Rental Property With No Money: 10 Strategies for Real Estate Investors Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-936 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

Mortgage rates are high, supply is low, and inflation just won’t go away. These market conditions make investing in real estate harder than ever…or so most investors think. The truth? This housing market isn’t all that different from years past, and if you know which moves to make, you can get ahead of all the other investors without them noticing. What do we mean? We’ve got a seasoned investor with over thirty years of rental property experience on the show, ready to share how buying during “high” rates can be a huge advantage. But that’s not all we’re getting into on this BiggerNews episode. We’ve got questions directly from BiggerPockets listeners that we’re throwing at expert investor Kathy Fettke to see what time-tested advice she’d give. First, a listener wants to know why mortgage rates aren’t falling and how to get into the real estate investing game during a time like this. Then, we discuss how investors can save themselves against inflation. With a spike in part-time work, could the American economy be showing signs of weakness? Finally, we answer the question everyone has on their minds: Is it the darn millennials’ fault for causing these high home prices? Want to ask a question for a future BiggerNews episode? Post your question in the BiggerPockets forums and get answers from a community of over 2,000,000 real estate investors! In This Episode We Cover: Mortgage rates explained and why interest rates are staying so high Sneaky ways to snag a LOW interest rate in 2024 (Kathy got 4.75%!) The best hedge against inflation and how to protect the money you have Rising part-time work and whether or not this is a recession warning sign  Did millennials cause this unaffordable 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 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 BiggerPockets' Instagram Hear Dave and Kathy On the “On the Market” Podcast Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerNews, September: Will Anything Slow Down this Housing Market? with Dave Meyer & Kathy Fettke Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-935 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

With so many real estate tax write-offs, it’s no wonder that CPA Brandon Hall says rental real estate is one of the most tax-advantaged assets on the planet. But, even with so much free-flowing information on how to pay less to Uncle Sam, most real estate investors are missing out on a MASSIVE tax deduction that could be saving them thousands, if not tens of thousands, on their tax bill. What’s the write-off that even our host, Dave Meyer, didn’t know about? Stick around, or walk away from a HUGE tax savings. Brandon Hall is a real estate investor-focused CPA. He knows the deductions, write-offs, and audit red flags that could be helping or hurting you. Today, he’s walking through whether or not you need a tax professional (a LOT of people DON’T), why you need to start tax planning BEFORE you buy your first property, the biggest real estate tax write-off that most people miss, and why you should WAIT to file your taxes to see if a MASSIVE real estate tax benefit is making a much-awaited comeback. Need a tax professional to help you make the right tax moves? Find one for FREE with BiggerPockets Tax Finder. In This Episode We Cover: The big real estate write-off that most investors are completely overlooking Why you should WAIT to file your taxes in case this MASSIVE tax benefit returns Who should (and definitely shouldn’t) be doing their own taxes  Scaling your portfolio? Why you MUST start strategically planning your taxes now The biggest audit red flags that are NOT worth the deduction (watch out for these!) A bonus depreciation update and how this could save you hundreds of thousands 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 BiggerPockets' Instagram Hear Dave On the “On the Market” Podcast Dave's BiggerPockets Profile Dave's Instagram Watch Dave on the “On The Market” YouTube Channel 100% Bonus Depreciation Coming Back? (Do NOT File…Yet) w/Brandon Hall The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of w/Brandon Hall Connect with Brandon Brandon's BiggerPockets Profile Brandon's LinkedIn Brandon's Website Brandon's X/Twitter Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-934 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

If you follow these Airbnb design tips, you could double your nightly rates almost instantly. Don’t believe us? Erica Dike, a short-term rental design expert, has done it before and is sharing her “designing for dollars” formula ANYONE can use to boost nightly rates, double revenue, or increase their bookings. Erica, like many of us, has seen the standard Airbnb designs. You know what we’re talking about—the sterile walls and lack of color, or the obscurely small dining room table for a cabin that’s supposed to sleep ten. Erica’s designs go far beyond what most guests expect, and that’s why she’s been so successful. Erica gives us the three steps to her “designing for dollars” formula, plus seven tips that ANY Airbnb, medium-term, or long-term rental investor can use to attract their target guest/renter and start making more money than ever before. Plus, if you’re a host with a lackluster short-term rental and are looking for some quick design ideas to spruce up your space, Erica shows you step-by-step how to refresh your rental for MORE revenue! No matter what space you’re in—vacation rentals, travel nurse housing, student rentals, or fix-and-flips—these design tips will blow your potential renters and buyers away, leaving you with more money than the house next door. Ready for Erica to “crack the code” on Airbnb design? Let’s get into it! In This Episode We Cover: How Erica doubled a client’s Airbnb revenue with smart design strategies The “designing for dollars” formula that’ll get you more bookings on Airbnb How to define your “target market” and attract the exact guests you want  The seven steps you can use NOW to get higher rents on your short-term rental Why long-term rental landlords MUST pay attention to design to attract the best tenants The first thing to do if you think your Airbnb needs a redesign or refresh 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 BiggerPockets' Instagram Hear Dave and Henry On the “On the Market” Podcast Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram Investing in Short-Term Rental Properties: A Beginner’s Guide & How to Get Started How to Get More Airbnb Bookings This Spring and Summer Break Connect with Erica: Erica's Facebook Erica's Instagram Erica's X/Twitter Website Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-933 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