Learn technology skills and trends influencing the real estate industry in a three-part online series.
FHA Premium Legislation
New bill introduced in the U.S. Senate will permit first time buyers who have gone through approved counseling to lower their FHA mortgage insurance premiums.
House Passes PPP Flexibility Act
On Thursday, May 28, 2020, the House of Representatives just passed the “Paycheck Protection Program Flexbility Act,” which makes several amendments to the CARES Act to make PPP loans more helpful to small businesses by increasing flexibility. Find out what changes are included in the new legislation.
BiggerPockets Podcast 384.5: 10 Deadly Mistakes Real Estate Investors Make with Brandon and David
After yesterday’s deep dive interview discussing 2 disastrous flip projects, we have a solo show for you today.
And the title says it all, really.
Brandon and David boiled down nearly 400 podcast episodes, countless forum threads, books, and real-life conversations, and their own missteps and now present: the Top 10 Ways Real Estate Investors Lose Money.
These aren’t the only ways to go wrong in this business, but at some point you’re in danger of falling into at least one of these traps.
So, what did we miss? Let us know in the forums, the comments section on our show notes, or in the Official BiggerPockets Facebook Group. And be sure to subscribe to the BiggerPockets Real Estate Podcast so you won’t miss an episode.
2020 C2EX Challenge Submission Form
Use this form to enter the 2020 C2EX Challenge.
BiggerPockets Podcast 384: Losing $60k on His First 2 Flips so You Won’t Have To with Spencer Cornelia
You can put a dollar number on the losses Spencer Cornelia took on his first two long-distance flips… but it’s hard to quantify the value of the lessons he learned and is now passing on to you.
We noticed Spencer’s thread detailing his struggles in the BiggerPockets forums and invited him on the show; he bravely accepted.
In this episode, you’ll learn the pitfalls to watch out for when taking on heavy renovations (anywhere, but especially long-distance), how to ensure quality work is getting done, and the dangers of letting projects drag on when you’re locked into expensive short-term financing.
Plus, it’s not a total downer… because Spencer’s seeing a bunch of success with his new Youtube venture, and plans to continue investing in (less aggressively leveraged) real estate projects.
Brandon and David add their own perspectives having made some similar errors in their careers, and tomorrow in Part 2 they’ll break down the 10 Deadliest Mistakes Investors Make.
New investors: heed the advice in these two shows! And as always: run your numbers conservatively, know your own risk tolerance, and run deals by trusted advisors before jumping in.
‘Netflix and Chill’ With Gentrification
The series “Gentefied” digs deep into how a community deals with major change.
BiggerPockets Podcast 383: Finding Your Perfect Partner and the Top 6 Factors When Choosing a Market with Ben Leybovich & Sam Grooms
Interested in someday making the leap to bigger investments? Don’t miss this one!
Ben Leybovich and Sam Grooms join us for a high-level conversation about how they transitioned from flips and smaller assets to 100-plus-unit, value-add multifamily deals.
Since the first part of this show was recorded pre-coronavirus, we brought the guys back on to hear their thoughts on today’s market and get an update on how their business is doing amid the volatility (spoiler: pretty well!).
New Way to Hold New Member Orientation Online
Help your new members make the most of their membership with NAR’s brand-new online orientation program.
New Coronavirus Relief Package Introduced
On May 12, 2020, the House of Representatives introduced H.R. 6800, the ‘‘Health and Economic Recovery Omnibus Emergency Solutions,†or HEROES Act.