At BiggerPockets, we’ve spent the last 20 years focusing on democratizing real estate investment and making it accessible for everyone, regardless of experience level. We do this by curating a dynamic stream of industry expert insights alongside members’ compelling real-life stories—of both triumphs and missteps. More recently, we’ve layered in a variety of tools and matchmaking services to help investors find, analyze, finance, and manage their properties.
Seven years ago, we set out on a one trillion dollar objective: to help create one million millionaires through real estate. And, we’ve made remarkable progress towards that goal. Earlier this year, we polled you, the BiggerPockets community, and found that 29% of our members are accredited investors—mostly via net worth. That’s an estimated 870,000 millionaires in this community.
And as we approach this massive goal, it’s time to start thinking about what’s next and how to 10X our original vision. It’s time to solve the new wave of investing challenges that are emerging in the wake of rising interest rates and a changing investment landscape.
We’ve traveled the country to meet our millions of members, interviewed at least 10 investors every week across our podcasts, and solicited feedback, or just talked with you about our favorite subject—real estate. We have tens of thousands of pieces of qualitative feedback that we merged with market and survey data.
And the challenges are clear—investors have trouble deciding where to invest, finding properties, financing those properties, and building trusted teams with investor-friendly professionals like agents, lenders, property managers, and contractors to purchase and manage those properties. And in conjunction with those investing challenges, you want more from us—more analytical tools, more opportunities to network via meetups, or more ideas for passive investments. All of these challenges need to be addressed in the context of higher interest rates and a more challenging market in which to find cash flowing properties.
That’s why we’re so excited to announce a majority investment from The Chernin Group (TCG)—one that we know will enable us to supercharge our platform and better support our community. TCG’s deep expertise in driving digital transformation and redefining beloved educational platforms makes them a perfect partner as BiggerPockets becomes a true “one stop shop” for investors by sharing insightful and educational content at scale and developing the innovative tools people want.
Our partnership with TCG is already underway and has already allowed us to make a few major first steps towards that vision. We’re thrilled to announce, as we surpass three million members, we’ve also introduced four new tools this year alone that are designed specifically for your success:
Market Finder
Our Market Finder offers a comprehensive analysis of major markets, addressing community demands for detailed investment insights. Investors can now search MSAs across the country, evaluating cash flow, appreciation, and affordability metrics. Investors can combine the hard data and numbers behind a market, and easily bridge that quantitative analysis by searching for and meeting the peer-reviewed investor-friendly professionals who serve those markets.
Deal Finder
The Deal Finder simplifies the daunting task of finding the perfect property in an efficient way with real time updates baked right into the experience. Investors often, for example, want to know when deals that meet certain rental yield criteria within a clearly scoped “buy-box” hit the market. The Deal Finder allows investors to browse live listings, set custom filters, and receive alerts on properties that meet your criteria, ensuring you stay ahead in the competitive real estate market.
Real Estate Tax Pro Finder
The Real Estate Tax Pro Finder connects investors with real estate specialist CPAs, enrolled agents, bookkeepers, and financial planners. Investors know all too well that a generalist CPA often does not cut it, and the Tax Pro Finder allows investors to match with tax professionals who are accepting clients and are peer-reviewed by investors for qualities like responsiveness.
Property Manager Finder
Property Manager Finder streamlines the process of finding reliable property managers. Investors frequently cite problems with property managers as a reason they slow or stop their investing. On BiggerPockets, you will now find property managers who are peer-reviewed by investors and have the opportunity to interview multiple candidates in most US markets.
The Property Manager Finder and Tax Pro Finder are completely free to use, and the Deal Finder and Market Finder are included in our Pro Membership. All new and existing Pro Members can use them immediately.
I’m deeply proud of the BiggerPockets team for all the work that went into making today a reality and grateful for our community, who have pushed us to keep growing with them! We’ll have more news to come in the months ahead and I hope you’ll join us at BPCON2024 to experience the magic of our community in person.
Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.
