606: Seeing Greene: The “Base Hit” Rental Properties That Will Make You Rich

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 8 May 2022

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you’re looking to buy rental properties, build a real estate portfolio, and level up your wealth?—you’re in the right place. But, as the housing market stays red hot, it can be a struggle for both new and old investors to know where to look for their next cash flow or appreciation play. Do you stick with on-market properties that may be easier to come by but with serious competition, or do you go the off-market property route and look for distressed, yet overlooked properties. Get answers to this question (and many more) on this episode of Seeing Greene, with your host, David Greene. As always, David takes questions from you, the listeners, to answer some 2022-specific and age-old questions about rental property investing and real estate as a whole. Topics of today’s show include classics like buying new construction vs. an existing rental property, how to invest within your retirement accounts, on-market deals vs. off-market deals, and why certain properties stay on the MLS for so long. Want to ask David a question? 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 your question answered on the spot! In This Episode We Cover: Buying for appreciation vs. cash flow in today’s fiercely competitive housing market How to invest in real estate even if you’re well into retirement The three main reasons that a property will sit on the MLS for months When to quit your job and go full-time into real estate investing (and how to set yourself up for a successful departure) The 1031 exchange and how it works to defer taxes for rental property investors Using built-up equity to invest in more cash flow and higher appreciation And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Submit Your Questions to David Greene BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors Seeing Greene: Questions from BiggerPockets’ Best and Brightest (Episode 600!) Seeing Greene: Should You Pay Off Debt or Invest in Real Estate? Seeing Greene: FHA Loans, Cash Flow Shrinkage, & Bidding $200k Over Asking 10 Actionable Steps Anyone Can Follow to Buy a Rental Property David Greene Meetups David Greene Team Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-606 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the bigger pockets podcast show
0:03.1	606 when you find some awesome deal that somebody else messed up on and you can jump in there and grab it
0:10.1	You should but don't never swing your bat until you see if they can be a home run take the base hits as they're coming
0:16.2	Work the MLS deals find different ways to make money
0:19.0	But do that knowing that you're not trying to achieve your goal with these base hits. You're just keeping yourself afloat
0:25.0	What's going on everyone? This is the bigger pockets real estate podcast and I am your host
0:30.3	My name is David Green and this is the seeing green version of the bigger pockets real estate podcast on
0:36.7	Today's show we are going to take questions from people just like you that want to know specifics of how to move their business forward
0:43.5	How to overcome a particular obstacle or how to create a business plan to move to the next step
0:49.3	We have some really good questions and a really good show for you today
0:52.5	So I hope that you stick around and hear the whole thing if you're new to this podcast
0:56.8	Welcome to the best dang real estate podcast in the world
1:00.5	Bigger pockets is a community of over two million members. It's not just a podcast
1:04.7	We also have a website with an amazing forum where you can go and you can pretty much read any question
1:10.4	You would have ever thought of when it comes to real estate as well as ask your own and get answers and incredible blog section
1:16.4	And resources like an agent finder where we will connect you with the real estate agent and the market that you live to help you buy properties
1:22.1	But more than anything we want to bring you the information the education the insight into
1:27.5	Making money through real estate improving your financial position and gaining more financial freedom
1:32.6	We do that by bringing in different guests that we interview to hear their story as well as experts in the field that will teach you
1:38.7	What they know that will help you on your journey and doing shows like this on today's show we go into will small
1:45.0	Multifamily go the way of commercial valuation a quick 1031 overview what it looks like to do a 1031 light
1:51.7	Kind of exchange if someone should quit their job and go full time in real estate investing and when and the question of should I buy off market on the
	...

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