597: Seeing Greene: Should You Pay Off Debt or Invest in Real Estate?
BiggerPockets Real Estate Podcast
BiggerPockets
4.8 • 16.5K Ratings
🗓️ 17 April 2022
⏱️ 57 minutes
🧾️ Download transcript
Summary
Should you pay off debt or invest in real estate? Whether you’re young or old, rich or poor, in consumer debt or student debt, this is a question that almost everyone has. With inflation hitting decade-long heights, debt seems to be worth less and less every day. But, the other side to this coin is that asset prices, including real estate, are going up. Is there a right move to make, or are we stuck treading water without enough financial traction to stick to?
Hear answers to this question (and many more) on this week’s Seeing Greene, with your favorite host, agent, investor, and mortgage magician, David Greene. In this episode, you’ll hear topics touched on like whether to house hack or buy cash-flowing rentals, what to expect (and not expect) from your real estate agent, how to reduce (and account for) property taxes, how inflation and interest rates will affect the housing market and the best piece of advice David would give new real estate investors.
Heard a question that resonated with you? Want to hear David’s thoughts on a certain topic? 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 hop on a live Q&A and get real-time answers!
In This Episode We Cover:
How inflation can positively affect your debt payoff and using your momentum to buy real estate
House hacking in expensive areas vs. buying short-term rentals that cash flow
How David’s real estate team sets up clients and investors for success
Finding the right property manager that will handle your portfolio’s headaches
Whether buying new construction or an existing home has better long-term ROI
How to claim rental income (including house hack income) so you can increase your financeability
And So Much More!
Links from the Show
Submit Your Questions to David Greene
BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties
BiggerPockets Podcast 570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale
BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals
BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors
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Transcript
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| 0:00.0 | This is the bigger pockets podcast show five ninety seven. |
| 0:05.2 | Seeing green when you try to find your property manager, ask them if they own |
| 0:09.7 | rental property in the area that you're buying. |
| 0:12.0 | Ask them about their rental properties. |
| 0:14.4 | Ask them which areas of town you should avoid. |
| 0:17.2 | You're looking for the one that owns property themselves. |
| 0:19.8 | Those are almost always the better people to use, whether you're looking for an agent, |
| 0:23.2 | a property manager, a contractor, anybody in our space, even your CPA. |
| 0:26.7 | If they own real estate, they are much more likely to have a good idea how to help you as an investor than if they don't. |
| 0:38.7 | Hey, what's up everyone? |
| 0:39.5 | I'm David Green, your host of the bigger pockets real estate podcast here today with a special seeing green episode. |
| 0:45.4 | In today's episode, you get my perspective, David green on how to answer the questions that you guys have as well as what I see happening in the real estate market. |
| 0:54.0 | And most importantly, how you can use that to build wealth. |
| 0:56.1 | Because we have bigger pockets care about nothing more than that, helping you build well through real estate, the right, safe and honest way. |
| 1:03.9 | In today's show, we are going to take questions directly from you who have submitted them at bigger pockets.com slash David for me to answer. |
| 1:11.9 | A couple of questions that you're definitely not going to want to miss. |
| 1:14.8 | We jump into it with someone who wants to know, should I pay off my student debt or should I invest in real estate? |
| 1:20.5 | You Dave Ramsey fans may want to check this one out and let me know in the comments what you think about how I did |
| 1:25.2 | with that question. |
| 1:26.5 | We have another really good question about should I house hack in a very competitive market or should I go to a different market that's less competitive and do a short-term rental. |
| 1:34.2 | Those are probably two of the most |
| 1:36.8 | hottest, best and strongest ways to build wealth in all of real estate. |
... |
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