The Biggerpockets Real Estate Investing Podcast

49 of the nation’s 50 largest metro area housing markets are showing “weaker” home price growth in 2025. For some, this signals a long-predicted crash/correction on the horizon. But for others (like Dave), it’s something very different, and could be a huge help for the aspiring real estate investor.  For years, we’ve been struggling with a dangerous combination of high rates, high home prices, and low affordability. If top markets are starting to weaken and prices are softening, could this actually be a good sign for investors and buyers waiting on the sidelines? If mortgage rates come down and wages continue to grow, are we inching closer to equilibrium and the more affordable housing market we’ve all been waiting for? In this bonus episode, Dave is explaining why housing market “weakness” is a sign of long-term strength and a huge opportunity for investors willing to make moves. Don’t believe him? Dave shares a personal bet he’s making on the housing market—with a lot of money on the line—that could t

When is the right time to invest in real estate? We’ve all asked ourselves this, and if you’ve been thinking about buying rentals, you probably have, too. Whether you’re 20 or 50, have a little money or a lot, that first real estate deal can seem so...scary. You’ve never done this before, and things can (and will) go wrong, so how do you know you’re ready? Have you read enough books, saved enough for emergencies, or looked at enough houses? We’ve got three investors who all started in different positions to help get you an answer.  Dave started investing right after college when he was waiting tables and had barely any money in the bank. Henry began to invest well into his working career, but with a family to take care of in the near future, he had to invest differently. On the other hand, Jonathan Greene was born into real estate, with an investor father who taught him the ropes from childhood. Each expert started from a different place, but they all agree on when it makes sense to invest. How much mon

Want to retire early? You don’t need millions of dollars in stocks, retirement accounts, or cash to do it. You might just need a handful of rental properties. Today’s guest, Paul Novak, only started investing four years ago in 2021, but he’s already nearly at his early retirement goal through rental property investing. He may only need one or two more rentals to fully retire in his mid-40s. Want to trim twenty years off of your working career? Follow Paul’s plan! After realizing that stock investing could only get him to retirement so fast, Paul knew he needed a better path to early retirement. He thought real estate could be the answer. The problem? This was 2021, where every house was going over asking and competition was steep. He finally got a deal done after previous ones fell through and found he was already making 10 times more money than his stocks were giving him. It became a no-brainer to repeat the strategy. Fast forward to 2025, Paul has five rentals, with seven units in total, and he’s near

The housing market is going through another significant shift. Sellers have lost even more control as price cuts become common in some top markets. Rents are flat, but will they stay this way? The Trump administration presents a groundbreaking proposal that could greatly affect many real estate investors. This is May 2025’s housing market update, where we’re filling you in on all the biggest stories affecting real estate!  The market “softening” continues. Inventory is rising, and sellers are realizing this isn’t 2022 anymore. Price cuts have become common in Texas, Florida, and California. But other markets are still seeing price jumps, so have the southern states become the new buyer’s markets? Investing opportunities could be here for the right buyers, and Dave has already made a move, locking up his latest investment to capitalize on what’s to come. But what about mortgage rates? Do we have any hope that we’ll get below 6% this year? Dave shares his updated mortgage rate “range” for 2025. Have Secti

This is how to find investment properties that make real money in 2025. No “off-market” deals, no mailing letters, no cold calling—we’ll walk you through how to find profitable, on-market rental properties that anyone can spot in any market across the country. Plus, how to separate “upside” potential from money pits that aren’t worth the price. Dave has been buying rentals for 15 years, and he’s showing you his exact method. If you’re used to browsing listing sites like Zillow, Realtor, or Redfin, prepare to get your mind blown. We just released a brand new tool, BiggerDeals (100% free, by the way), that allows you to quickly search on-market properties and instantly get their cash flow, cash-on-cash return, cap rate, and rent-to-value ratios. This trims down your search time for properties by a massive margin. Now that you’ve used BiggerDeals to find your next potential rental, Dave will show you how to run the numbers in-depth to ensure you’re buying a deal, not a dud. If the numbers work, and it fits

This investor quit her job for good, with just four rental properties. Not 40, not 400—four rentals. And she’s not looking to grow much beyond that. You’ve heard other investors talk about owning dozens, even hundreds of rental units, but you DON’T need to get to that scale to reach financial freedom. Antoinette Munroe is proof of that. After countless “I hate my job” Google searches, Antoinette found the FIRE movement (financial independence, retire early). This prompted her to start saving and investing at a far greater speed than before, hopefully giving her enough runway to quit. She had saved enough to buy her first house—but realized it could actually make her money. The accidental real estate investor was born! Fast forward around a decade later, Antoinette owns four rental properties with very high cash flow. She’s done flips, learned to renovate and rehab homes, added additions to increase value, split properties in two, and done whatever it takes to make more from one house. But does Antoinette wa

A recession isn’t a time to panic—it’s a time to build wealth. If you’re listening to this podcast, you’re already multiple steps ahead of the masses that shift their mindset with every news story shouting from the rooftops that a crash, correction, or recession is coming. Savvy investors are sitting, waiting, knowing that if a recession does come, deals usually do, too. Want to build wealth during a recession instead of losing your head? J Scott, author of Recession-Proof Real Estate Investing, is here to show you how. J says there are three things every investor should be doing before a recession to be in the best position possible. If you follow these three, relatively simple, steps, you’ll be ready to buy deals at a steep discount while average Americans miss out on yet another opportunity to invest. This happened in 2008, and many modern investors regret not having the means to buy back then. Plus, J outlines the real estate deals that work best in a recession, whether you’re a buy-and-hold landlor

It doesn’t seem like it, but the housing market could be getting a LOT healthier. After years of buyer-seller imbalance, with rising mortgage rates, low affordability, and frozen transaction volume, there are finally some signs of improvement. But are these changes enough to call the market “healthy”? Or are we still a long way from normal? We’re back with a bonus audio-only episode, touching on housing market expert Logan Mohtashami’s recent article, Why the housing market is actually much healthier in 2025. Dave breaks down the five key traits of a healthy housing market—and which ones the 2025 market actually meets. Although things have significantly improved from the supply-starved 2020-2022 period, affordability is still a huge issue. Can we somehow make the jump back to a healthy housing market?  We might not be there yet, but things are shifting. So what does that mean for investors? With uncertainty comes opportunities, even if market conditions aren’t “ideal.” Do you NEED to wait for a healthy

The buyer’s market is back, and opportunities are growing. Inventory is rising, demand is shrinking, and sellers are more motivated to give you a price cut, concession, or repair. This is the time investors have been waiting for, and much of the housing market is already on discount. But which areas are the deepest buyer’s markets, and how are we investing today to capitalize? BiggerPockets CEO Scott Trench and Michael Zuber from One Rental at a Time join the show to share about deals they recently bought to take advantage of 2025’s housing market conditions. Plus, we give away free data on the markets with the most buyer control. Buyer’s market conditions don’t show up often—and they won’t last long. Finally, we’re unveiling a brand new, free tool from BiggerPockets that makes it easier than ever to find cash-flowing real estate deals in your area—BiggerDeals! No more scrolling through hundreds of listings. You can see estimated cash flow, cap rate, cash-on-cash return numbers, and more with BiggerDeals!

This investor turned $6,000 into financial freedom in just six years. He did it in a major market and became a millionaire by age 28 simply by repeating this beginner-friendly rental property strategy over and over again. And, even though he started earlier, you can STILL buy properties like his, at affordable prices, that cash flow, in the same market today. Where is he investing, and how did he scale up so fast? We’re breaking it all down in today’s episode. Jeremy Taggart saved every dollar from his college internship, knowing he wanted to invest in real estate after graduation. He bought his first house, a small multifamily, for just $6,000 down, lived in it, did some DIY renovations, and increased the value. Thanks to the rent savings, he bought another property the following year—this time, making $50,000 (tax-free!) by fixing it up. This was just the start of the “rinse and repeat” strategy that would turn Jeremy into a millionaire before he was thirty. But it wasn’t easy. Jeremy was fired from his j

Here’s the mortgage rate “range” Dave expects to see through the end of 2025. With so much rate volatility as of late, it’s getting harder and harder to predict when interest rates will rise, fall, stabilize, or go in a completely different direction. Behind all the fluctuations, we can see why this is happening: recession fears, inflation fears, and declining sentiment toward the American economy. There are a few ways future mortgage rates could go, and today, Dave shares his prediction for the 2025 mortgage rate “range.” You want lower mortgage rates, we want lower mortgage rates—everyone wants lower mortgage rates—how do we get there? Dave will spell out the scenario that has to happen for rates to fall, and if you start seeing these warning signs, you might want to prepare. Plus, if the opposite happens, what could cause rates to rise even higher? Finally, Dave shares his plan for investing with fluctuating rates and his strategy for building wealth in a volatile market.  In This Episode We C

Where would we invest in real estate if we could pick anywhere in the country? Even with many real estate markets stagnating, several markets are still primed for serious growth. Today, Ashley Kehr and Henry Washington join Dave to share the best markets to buy rental properties right now. These markets span coast-to-coast, and we curated a list of nine top markets with the highest potential across the nation. Want an affordable rental property with high rent prices? We’ve got plenty of places on the list. Looking for appreciating cities with super low vacancy so you’re never without renters? There are cities in this episode for you! We’ve even got markets that are great for fix and flips if you’re looking for some quick(er) cash! We broke the country into three zones: East, Central, and West. Each investor chose a market in each region that they would invest in TODAY, explaining why the market works, which strategy performs best there, the average home price, rent price, and economic data that makes it

We always say it, but buying just ONE rental property can change everything! For Jesse Walters, a coffee roaster by trade but a cash-flowing investor now, buying his first rental property opened up an entirely new world of not only passive income—but freedom. After his wife became a real estate agent, Jesse noticed the sizable commission checks and thought hundreds of dollars a month in passive cash flow beat wholesaling three-dollar bags of coffee. Was he right? Jesse didn’t do any expert-level real estate investing moves to get his first deal done. It was 2021—he found a listing for an affordable house, put 20% down on it, and rented it out. That strategy seemed to work, so Jesse did it again, finding another on-market, affordable rental property to purchase. Then, he took it up a notch, purchasing a fourplex (four units) by putting—get this—$0 down! He used a strategy ANYONE with access to a local bank can try, and this property lit the rocket fuel for his portfolio. Now, he has 11 rental units, runs

The housing market could do something it’s never done before—permanently reverse. For as long as home prices have been recorded, they’ve always increased over time. But, with one of the largest generations, the Baby Boomers, aging out, and household formation shrinking as birth rates decline, we could face a new problem—insufficient demand. This is a huge problem for Millennials and the Gen Z generation since buying a house, the primary asset that makes up the majority of many Americans’ net worth, may not be the same wise financial decision as it was before. James Rodriguez joins us on the show to break down his recent article, The millennial homebuying predicament, and why buying a home may get easier for the younger generations, but it could come with less long-term payoff.  For years, economists speculated that a “silver tsunami” would flood the housing market with inventory. What actually ensued, however, was more of a “silver glacier,” since we’re still millions of housing units short. But once these

More price cuts could be coming this year. Zillow just made headlines by revising its 2025 housing market forecast, now predicting home values to drop in much of the United States. But do other top housing market forecasters agree, and if home prices fall this year, does it put you in a better position as an investor to lock down discounted deals? Dave is unpacking Zillow’s new prediction, plus sharing his own take on what might happen next. This is not the first time Zillow has revised its 2025 housing market forecast. They’ve updated their predictions several times throughout the year, with the newest release being the most negative for home prices. Some markets in the US are even predicted to see drops of up to 10%—other markets could have price growth, while the rest of the nation struggles. What’s causing the downward trend in home prices? Is it tariffs, inflation fears, signs of a recession, or just too much housing supply and insufficient demand? We’re breaking it down in this episode. If you plan on b

These rental property deals are making us richer in 2025, even with high housing prices and interest rates. Everyone thinks it’s impossible to find cash-flowing rental properties in today’s housing market, but this is NOT the truth. We’re going to show you three real rental property deals we’re buying in 2025. All of these are being purchased in 2025—these are NOT cheap deals from 2020 with 3% - 4% interest rates. Each one will build major equity, cash flow, or both. Dave brought backup on this episode—the entire expert panel from the On the Market podcast—to share real deals they’re doing right now. We’ve got three to go through—a $55,000 heavy rehab rental property that will also serve as Henry’s own vacation home, a new build rental property at a super reasonable $214,000 price, and finally, a very creative (but somewhat costly) land-banking deal in Seattle, Washington. Each of these deals ranges in expertise needed. Some of the heavier rehab projects may require a few years of renovation experience, whi

Andrew Freed turned one condo into a rental property portfolio that makes him $10,000 per month! Just four years ago, Andrew had little to his name—around $50,000 and a $200,000 condo. That’s what a decade of working had gotten him, but to Andrew, it was a sign he wasn’t doing enough. Like most real estate investors, Andrew stumbled upon Rich Dad Poor Dad and made an immediate change that would propel him to financial freedom. Four years later, he’s there—quitting his job and going full-time into real estate. How did he do it? Simple. “Recycling” his money is what allowed Andrew to scale so quickly. A HELOC (home equity line of credit) on his condo gave him the money for his first small multifamily—a house hack that would help him live for free. With each new property, he’d get a new HELOC and use it to grow his portfolio even faster.  Now, Andrew has a sizable real estate portfolio, personally paying him six figures a year, while he focuses on the next property. If you want to quit your job and give real est

Home prices could weaken, bringing big bargains to patient buyers who’ve been sitting on the sidelines. The housing market is seeing some turbulence, even if it remains more stable than other parts of the economy. Inventory is rising, and sellers are in a tough position, with many buyers still waiting out the market. Stock sell-offs and tariffs are keeping fear high, and the housing market could freeze because of it. Where is the housing market headed? We’re catching you up on all the data and big headlines in this April 2025 housing market update. First up: inventory. A few years ago, there was none—now, we may have too much. More homes are hitting the market, which could spell trouble for sellers. With inflation fears and stock market uncertainty dragging down demand, prices may soften. Don’t worry, this isn’t another 2008, even though a certain “delinquency chart” would have you thinking so. We’re also hitting on the condo market and why more than half of condo sellers should prepare to accept an under-ask

Real estate investing in 2025 has huge, underrated potential to make you wealthy—but hardly anyone is talking about it. As tariffs, mortgage rates, and stock market volatility take over the news cycle, average Americans are turning away from time-tested investments like real estate and worrying about unstable markets instead. This could be a huge mistake because, as I’m about to show you, the ability to get rich with real estate has not disappeared—if anything, the opportunity has grown. For months, I’ve been talking about how we’re entering the “upside” era of real estate investing—a time when patient, prudent investors can make a killing by pinpointing often-overlooked opportunities. Today, I’m sharing the exact “upsides” to look for in 2025 and how I’m buying real estate deals RIGHT NOW that will make me wealthier in the not-so-far future. Even better? I’m proving how real estate BEATS your other investments—especially during turbulent times. Stocks, bonds, cryptocurrency, and even private businesses can’t

This high school football coach grew a real estate side hustle over the past four years that now replaces his W2 income. He did it making a median salary, all while working his full-time job and raising his family. He didn’t use flashy methods, risky strategies, or constant cold calling. Starting with around $30,000, Lamontis Gardner went from zero to 19 rental units in just four years and is STILL growing! After pandemic lockdowns left Lamontis with extra time and little work, he knew he needed to stop solely relying on his W2 income to fuel his life. Of course, Rich Dad Poor Dad found its way into his hands, and the real estate bug began. From there, Lamontis turned a lost deal into an opportunity to buy three duplexes from one owner. The problem? He only had a third of the money. It was time to partner up! After a home run first real estate deal that gave him a six-figure equity upside, Lamontis knew this was the path for him. Since then, he’s been buying rentals, flipping houses, and doing whatever he c