610: Live Takes: The 5,000 Mile Away BRRRR (REALLY Long-Distance Investing)

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 17 May 2022

⏱️ 85 minutes

🔗️ Recording | iTunes | RSS

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Summary

Building a house vs. buying a house—which makes more sense for today’s investor? With home prices rising faster than many of us have ever seen before, more and more real estate investors are asking whether or not building their rentals is a smarter idea. And who can blame them? Building a rental property can seem like a great way to minimize acquisition costs, but this is only true in certain circumstances, which many investors just won’t fit into. Welcome to Live Takes where Henry Washington, investor and On The Market guest host, joins David Greene for a live real estate Q&A. David and Henry invite four investors onto the show today to talk about each of their passive income predicaments. These topics include buying vs. building a home, how to get out of a bad BRRRR, whether or not it’s too late in life to invest in real estate, and how to invest out-of-country. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene or Live Takes. 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 vs. building rental properties and which decision makes sense for which investor What to do when you go over budget on a rehab, flip, or BRRRR investment How to invest and scale a real estate portfolio when getting started later in life Whether to invest long-distance or stick it out in your local market Mitigating risk and keeping your cash flow rolling when stuck in a bad deal How to finance land purchases and using a backwards BRRRR method to do so And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Grab Your Tickets for BPCon 2022 BiggerPockets Money Podcast Real Estate Rookie Podcast 5 Ways to Avoid Going Over Your Flipping Budget Is it Better to Build New or Renovate Existing Homes as an Investor? David Greene | BiggerPockets David Greene Meetups David Greene Team Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-610 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the bigger Pogas Podcast show.
0:02.8	Six, ten.
0:05.0	Now we're kind of a little in over our heads.
0:08.5	You know, this is my first one, so it's kind of the rookie nightmare.
0:11.4	Sort of speak, but everybody hears about why they don't get into it.
0:15.2	So I'm trying to wonder, do we sell it?
0:18.0	Do we keep it? Just chip away at the dead over time?
0:22.0	Is there other options on what we can do?
0:24.8	How do I kind of bounce back from this?
0:28.5	And what do I do to continue investing in real estate even with this kind of big item?
0:36.0	Kind of hanging on my back here.
0:39.2	What's up everybody?
0:46.6	This is David Green and I'm your host of the bigger Pogas Real Estate Podcasts.
0:50.4	The best Real Estate Podcasts on the planet and also the number one most downloaded podcast.
0:56.6	I'm here today with my buddy Henry Washington and we have a fantastic show for everybody.
1:01.4	In today's show, we are going to be interviewing different investors who have different questions
1:06.0	regarding a jam that they caught themselves in, a direction that they're unsure to take
1:10.8	or just overall phobias, fears, flaws, things that worry us and stop us from moving forward.
1:17.1	And Henry and I dive into this and help get them unstuck and send them on their way.
1:21.5	It does kind of feel like that when you're like, oh, look at it.
1:23.5	It's like a little squirrel that's trapped and if it just gets foot free, he could run off
1:28.0	and find nuts and we get to play that role.
	...

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