At BiggerPockets, we’ve spent the past 20 years working to democratize real estate investing so that everyone, regardless of experience level, can invest. To do this, we’ve curated a dynamic series of industry expert insights as well as compelling real-life stories from our members (both success and failure stories). Recently, we have launched a variety of tools and matching services to help investors find, analyze, finance and manage their properties.
Seven years ago, we set a $1 trillion goal: to help create 1 million millionaires through real estate. And we’ve made significant progress toward that goal. Earlier this year, we polled the BiggerPockets community and found that 29% of our members are accredited investors—primarily by net worth. There are an estimated 870,000 millionaires in this community.
As we get closer to this ambitious goal, it’s time to start thinking about what’s next and how to 10x our original vision. It’s time to address a new wave of investment challenges arising from rising interest rates and changing investment landscapes.
We travel the country meeting with millions of members and interview at least 10 investors every week on our podcast and solicit feedback or just talk to you about our favorite topic – real estate. We have tens of thousands of qualitative responses and merge them with market and survey data.
The challenges are obvious – investors struggle with deciding where to invest, finding properties, financing those properties, and building a trusted team of investor-friendly professionals such as agents, lenders, real estate managers, and contractors to Purchase and manage these properties. Faced with these investment challenges, you want more from us—more analytical tools, more opportunities to network through meetups, or more ideas for passive investing. All of these challenges need to be addressed against the backdrop of rising interest rates and a more challenging market for finding cash flow properties.
That’s why we’re so excited to announce a major investment from The Chernin Group (TCG) – an investment we know will allow us to enhance our platform and better support our community. TCG’s deep expertise in driving digital transformation and redefining beloved education platforms makes them the perfect partner as BiggerPockets shares insightful and educational content at scale and develops what people want innovative tools, becoming a true “one-stop shop” for investors.
Our partnership with TCG has begun and has allowed us to take some important first steps towards this vision. We’re excited to announce that as our membership exceeds 3 million, we’re launching four more This year only, new tools designed for your success:
market finder
our market finder Providing comprehensive analysis of key markets, meeting the community’s need for detailed investment insights. Investors can now search for management services agreements across the country and evaluate cash flow, appreciation and affordability metrics. Investors can combine the hard data and numbers behind markets and easily conduct quantitative analysis by finding and meeting peer-reviewed, investor-friendly professionals serving these markets.
deal finder
this deal finder By integrating real-time updates into the experience, the difficult task of finding the perfect property is streamlined in an efficient way. For example, investors often want to know when deals that meet specific rental yield criteria within a clearly defined “buy box” come to market. Deal Finder allows investors to browse instant listings, set custom filters and receive alerts on properties that match your criteria, ensuring you stay ahead of the competition in the competitive real estate market.
Real Estate Tax Professional Finder
this Real Estate Tax Professional Finder Connect investors with real estate professional CPAs, registered agents, bookkeepers and financial planners. Investors know all too well that a generalist CPA often can’t solve the problem, and Tax Pro Finder matches investors with tax professionals who take clients and are peer-reviewed by investors on qualities like responsiveness.
Property Manager Finder
Property Manager Finder Simplify the process of finding a reliable property manager. Investors often cite property manager issues as the reason they slow down or stop investing. On BiggerPockets, you can now find investor-peer-reviewed property managers and have the opportunity to interview multiple candidates in most U.S. markets.
The Property Manager Finder and Tax Pro Finder are completely free to use, and the Deal Finder and Market Finder are included with our Pro membership. They are immediately available to all new and existing Professional members.
I’m deeply proud of all the work the BiggerPockets team has done to get to where we are today, and grateful to our community who push us to keep growing alongside them! We will be announcing more news in the coming months and hope you can attend BPCON2024 to experience the magic of our community for yourself.
Notes on BiggerPockets: These are the opinions written by the author and do not necessarily represent the views of BiggerPockets.
